New Vatican laws for Vatican finances

Did you notice that Benedict XVI created a new “internal affairs” unit prevent problems with the Holy See’s finances, both internal and external?

There is a story on CNS which covers this better than I can.

I did note, however, that the new law is to take effect on April 1, 2011.

About Fr. John Zuhlsdorf

Fr. Z is the guy who runs this blog. o{]:¬)
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  1. JohnMa says:

    I would love to see the reaction if the US suddenly froze bank accounts belonging to Canada or if the UK froze bank accounts belonging to France. I have a feeling that ambassadors would be getting recalled, nasty statements would be made, etc. Yet, a sovereign country like Vatican City can have its bank accounts froze by the Italians and nothing happens.

  2. Supertradmum says:

    I would assume that April 1 may be the new year for financial arrangements in Europe. In other words, it could be the date of the new Italian or Euro fiscal year. We have such dates here in the United States, for example, as fiscal years do not necessarily follow the calendar new year– April for personal taxes, October in some states for small business taxes and so on.

  3. Maxiemom says:

    I’m glad to see that the Vatican is stepping up and promoting fiscal responsibility. If we are asked to be good stewards, then we should expect those in authority to be good stewards.

    In my diocese, there have been a few instances of fiscal malfeasance in parishes and at the diocesan high school my son attended. Our previous bishop had no problems turning the violations over to local authorities. Regardless of your position, breaking the law is breaking the law and needs to be punished.

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