Subscribe to this topic via RSS or ATOM
Topic - Gerald Posner
No Stories Found
Posner said the Vatican "would be fine" if it didn't have a bank of its own, but said "traditionalists … like the prestige" the bank gives. "It's little wonder when a newly elected Francis suggested back in 2013 of possibly doing away with the bank, he was met with such resistance."
"It is solid proof that adopting long-overdue internationally accepted standards for financial compliance is not at odds with earning profits," Posner said. "It means Francis can push even faster the next round of his cleanup of the Vatican's money matters."