Friday the 16th of April

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“We need a respectful, mutual listening, free of ideology and predetermined agendas.” Pope Francis, Let us Dream, December 2020

New book claims Vatican close to financial ruin

An Italian author who was once tried and acquitted by a Vatican court for publishing leaked documents is claiming in a new book that decades of mismanagement, shady deals and decreasing donations will leave the Vatican no choice but to default.

Titled Giudizio Universale (Universal Judgement), the book by Gianluigi Nuzzi includes 3,000 pages of confidential documents he claims to have collected since 2013.

In the book’s first chapter, Nuzzi recounts a May 2018 meeting of members of the Secretariat for the Economy in which they are told that ‘the recurring and structural deficit has reached worrying levels and risks leading to default in the absence of urgent action’.

Without radical change, Nuzzi claims, the Vatican will be in default by 2023 and, as a result, Vatican employees will lose their pensions.

Presenting his book on 21st October, Nuzzi said it is not an attack on the Catholic Church but is against the institutional corruption that has continuously impeded Pope Francis from enacting meaningful financial reforms within the world’s smallest state.

Picture: The Vatican. (CNS).