The Vatican discovered hundreds of millions of euros forgotten in their bank accounts, a fortune that was not on their balance sheets and this saves the finances of the Holy Seat.
The money, which was not hidden, nor comes from illegal businesses, was simply forgotten, according to the Australian Cardinal George Pell, “minister” of Vatican Economics.
The news was revealed by the same “purple” in an article published this Friday in the British magazine “Catholic Herald”.
“We’ve found that the (financial) situation (of Vatican) was much healthier than it looked. Because hundreds of millions of euros were hidden in various sectoral accounts and did not appear on the balance sheets,” he asured.
“It is important to note that the Vatican is not bankrupt,” wrote the cardinal, who describes an old system, in which each service had an independence jealously preserved.
“Problems were kept. Very few were willing to tell the outside world what was happening (in their services) except when outside help is was needed, explains “the minister” of the Vatican.
Vatican spokesman, Father Federico Lombardi, wanted to quickly clarify that “it is not illegal, illicit nor mismanaged funds.”
The money was discovered thanks to the audit requested by Pope Francisco to bring order to the controversial Vatican finances.
The finding of millions of euros is the result of constructive cooperation between the various institutions of the Vatican, Lombardi said.
The Cardinal Pell, known to be a conservative, is one of nine “purples” who advise the Argentinian Pope in his reform of the Roman Curia, or central administration of the Church.
The Secretariat for Economy, created by Pope Francisco, also considers it necessary to ensure the “efficiency” of the resources of the Church and advocates investing “better between poor and marginalized the Vatican finances”.
For decades the Vatican has been involved in scandals for unclear managing of its bank in illicit financial transactions with connections to the Italian mafia and even Freemasonry.
“Besides of the pension fund, which should be strengthened to deal with requirements for the next 20 years, the Holy Seat is funded by important real estates and investments,” said Pell in his note.