(RNS) When Cardinal Joseph Ratzinger was elected Pope Benedict XVI in 2005, the surprising choice left conservative Catholics almost giddy with the prospect of total victory. Now with Benedict set to resign, the Catholic right is counting up the ways that Benedict failed them.
Articles tagged “Vatican bank”
VATICAN CITY (RNS) Less than two weeks before he retires, Pope Benedict XVI on Friday (Feb. 15) approved the appointment of a German lawyer and financier as the new head of the scandal-plagued Vatican Bank.
(RNS) The scandal-plagued Vatican Bank still has a long way to go in order to comply with international standards for independent oversight and financial transparency, according to a status report from European officials released Wednesday (July 18). By David Gibson.
VATICAN CITY (RNS) The Vatican posted its highest loss in more than a decade last year, blaming mostly the “negative trend of global financial markets.” But the Vatican City State, which is run by a different administration, reported a sizable profit, thanks to the record numbers of the Vatican Museums. By Alessandro Speciale.
VATICAN CITY (RNS) As European financial regulators meet in Strasbourg, France, the Vatican is bracing for a decision that could determine the success of its years-long drive to adopt international financial transparency standards. By Alessandro Speciale.
VATICAN CITY (RNS) The Catholic traditionalist group SSPX said the Vatican's latest reconciliation offer is “clearly unacceptable,'' a move that comes as Pope Benedict XVI appointed a high-profile American prelate to oversee relations with traditionalists. By Alessandro Speciale.
ST. LOUIS (RNS) In his new job as the Vatican's senior communications adviser, Fox News reporter Greg Burke, 52, will be counseling Pope Benedict XVI and his closest staff on how to better project the Catholic Church's image to the rest of the world. By Tim Townsend.
VATICAN CITY (RNS) For the past four months, the Vatican has been in turmoil over the publication of several internal memos in the Italian press and in a bestselling book. The case led to the unprecedented arrest of the pope's butler, but is it possible to distinguish fact from fiction in this not-so-holy whodunit? By Alessandro Speciale.
VATICAN CITY (RNS) The president of the Vatican Bank was forced to resign Thursday after a months-long dispute over implementing new financial transparency rules to bring the Vatican in line with other institutions. By Alessandro Speciale.