National Catholic Register News
Sources tell the Register that the March 2019 letter the Vatican secretary of state sent to the president of the Vatican Bank appears to be a justifiable action intended to stem further losses on the property transaction.
In the letter, Cardinal Parolin asked the IOR to loan 150 million euros to the Vatican Secretariat of State.
Cardinal Parolin has served as Vatican Secretary of State since 2013, and he has been on the Council of Cardinals since 2014.
Speaking at the “Never Again: Confronting the Global Rise of Anti-Semitism” virtual event organized by the U.S. Embassy to the Holy See, the cardinal stressed the importance of a sense of history in combating anti-Semitism.
COMMENTARY: The move to remove the financial authority of the Vatican department vindicates the financial reforms first undertaken by Cardinal George Pell.
Pope Francis’ decision, outlined in an Aug. 25 letter to Cardinal Pietro Parolin, was made as the Secretariat of State continues to be at the center of unfolding Vatican financial scandals.
During a livestream event Oct. 28, Cardinal Parolin said that Europe today needed to return to some of the basic principles of Catholic social teaching that were “at the heart of the European Project.”
In an essay published on his blog Oct. 7, Cardinal Zen, the emeritus Bishop of Hong Kong, offered an extended and personal critique of an Oct. 3 speech given by Cardinal Parolin on the history and future of the Church’s missionary activity in China.
U.S. Secretary of State Mike Pompeo met Oct. 1 at the Vatican with Cardinal Pietro Parolin, Vatican secretary of state, and Archbishop Paul Gallagher, secretary for Relations With States.
Secretary of State Mike Pompeo said he believes the U.S. and the Holy See “have a shared interest in seeing that every human being in China has the opportunity to practice their faith, exercise their conscience rights.”
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