VATICAN CITY
The Economist
FEW things annoy Vatican officials more than lurid novels that depict the papacy as the secretive heart of a global conspiracy. Pope Benedict XVI’s most senior official, his secretary of state, Cardinal Tarcisio Bertone, this month accused journalists of trying to imitate the American writer, Dan Brown, author of the preposterous—and bestselling—“The Da Vinci Code”. But it was not reporters who put the papal butler, Paolo Gabriele, in a four-by-four-metre cell, accused of leaking a stream of confidential letters. Nor was it they who, the next day, fired the head of the Vatican Bank, Ettore Gotti Tedeschi, and published a blistering statement accusing him of failing to do his job. An Italian police investigation, in which documents were seized from Mr Gotti Tedeschi on June 5th, has stoked fears of more scandal. He has since been quoted as saying he fears for his life.
Behind the rows is an intense and vituperative power struggle to determine the nature of the next papacy. It is largely waged in and around the Vatican’s financial institutions. The Institute for the Works of Religion (IOR), to give the Vatican bank its formal title, is no stranger to controversy. In the 1980s it was accused of involvement in financial skulduggery and responsibility for the still-mysterious death of a prominent Italian banker, Roberto Calvi.
Now it is seeking to clear its name of involvement in money laundering. According to La Repubblica, a newspaper, a draft report of the Council of Europe gives the Vatican a clean bill of health on all but eight of 49 criteria. More than ten objections would expose the Vatican to the risk of being blacklisted by the Financial Action Task Force, a body that polices banks. (A Council of Europe meeting in Strasbourg on July 4th reviewed the report; the Vatican now has a month to respond.)
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