Tuesday, May 29, 2012

"Cardinals divided. Bertone’s management under fire"

Van La Stampa - Vatican Insider:

"Above the lay-supervisory council is the cardinals’ commssion which met on Friday, but was unable to release a statement.This was an unprecedented event and a sign that an agreement has not yet been reached. the committee includes cardinals Attilio Nicora, Jean-Louis Tauran, Telesphore Placidus Toppo and Odilo Pedro Scherer, led by the Secretary of State Tarcisio Bertone . Apparently Nicora and Tauran criticised Bertone over his management of Gotti Tedeschi’s dismissal and the issue of the negotiation which would lead the Holy See to finally join Ocse’s ‘white list’ , a record of financially virtuous countries”.

"On one side those (Nicora, Tauran) who believe that transparency, the need to comply with international standard to be included in the ‘white list’ is paramount, on the other those who like Bertone believe that this line of action must be followed with moderation, since the Vatican is unqiue and cannot be compared with other sovreign states. Apparently Moneyval concluded, after the first inspection, last November, that the new regulation was ‘too vague’ . It therefore went through quite substantial changes.

All this did not happen without heated debates and internal conflicts (at the very time of the leaks and poison pen threats).On the 25th of January, the regulation was urgently modified and completed with changes to the AIF powers of supervision, whose inspections are now regulated. Despite discomfort and some opposition from various departments, the Holy See’s intention is to have rules that truly comply with international standards. There are still many aspects to adjust and clarify and this new ‘storm’ at high levels in the IOR could provoke damages that are hard to predict".

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