Tags: EU | REL | Vatican | Reform

Pope Francis again Trims Scope of Vatican Economy Czar

Saturday, 09 July 2016 12:11 PM EDT

VATICAN CITY (AP) — Pope Francis has again clipped the wings of his finance czar Cardinal George Pell by effectively removing many of the administrative functions of the Vatican's key financial office from his department.

In a new law Saturday, Francis essentially reversed a 2014 law that had transferred the main operational section of the patrimony office to Pell's Secretariat for the Economy.

Francis, who was elected on a reform mandate, says he was restoring these administrative functions to the APSA office because he realized there needed to be an "unequivocable and full separation" between those who manage Vatican assets (APSA) and those who supervise them (Pell).

Pell, a longtime critic of the Vatican's financial inefficiencies, had assumed control in a bid to assert authority over different areas of the Vatican's finances. Over time, Francis has trimmed his reach.

© Copyright 2024 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.


Europe
Pope Francis has again clipped the wings of his finance czar Cardinal George Pell by effectively removing many of the administrative functions of the Vatican's key financial office from his department.In a new law Saturday, Francis essentially reversed a 2014 law that had...
EU,REL,Vatican,Reform
138
2016-11-09
Saturday, 09 July 2016 12:11 PM
Newsmax Media, Inc.

Sign up for Newsmax’s Daily Newsletter

Receive breaking news and original analysis - sent right to your inbox.

(Optional for Local News)
Privacy: We never share your email address.
Join the Newsmax Community
Read and Post Comments
Please review Community Guidelines before posting a comment.
 
 
TOP

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
© Newsmax Media, Inc.
All Rights Reserved
NEWSMAX.COM
© Newsmax Media, Inc.
All Rights Reserved