Pope Francis has created a special department to oversee all financial affairs of the Vatican. This Secretariat for the Economy is an attempt to avoid embezzlements of Vatican’s wealth.

Pope Francis announced the creation of the Secretariat for the Economy on Monday. The Secretariat will answer directly to the Pope and will be headed by Australian Cardinal George Pell, who currently serves as the archbishop of Sydney. It will be responsible for overseeing all of the Vatican's economic and adm...

This story is part of New Europe's Premium content.

To Read the Full Story, Subscribe or Sign In from the ↑ Top of the Page ↑
new europe join now