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Pope eyes finance branch overhaul

Posted By -NO AUTHOR- On 02/19/2014 @ 5:56 pm In Faith,Money | No Comments

(Associated Press) Pope Francis penned a new missive on the injustices of poverty Wednesday amid indications he is eyeing a major overhaul of the Vatican’s financial house by creating a finance ministry to better serve the church.

Honduran Cardinal Oscar Rodriguez Maradiaga, a key adviser in Francis’ Group of Eight cardinal cabinet, told the French Catholic newspaper La Croix that creating a “finance secretariat” was needed to better organize the Vatican’s diverse financial departments.

YOU READ IT HERE FIRST! JAN. 16: Pope Francis launches Vatican Bank purge — Firings amid persistent rumors institution will be shut down

He said a cardinal would probably head it, assisted by a permanent advisory body of lay experts.

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