Posted on 04/29/2021 6:36:29 PM PDT by marshmallow
The Holy See invested funds in a pharmaceutical company which produces an emergency contraceptive “morning after pill,” an Italian news outlet reported, but sold its shares in the company when the Vatican’s auditor reported the investment to senior Church officials.
According to a former senior official at the Secretariat for the Economy, the Vatican held the shares at the same time that former Vatican finance czar Cardinal George Pell pushed for policy that would have required Vatican investments to align with the principles of Catholic social teaching. Pell first proposed that policy when he was appointed to the Vatican in 2014, but when financial advisors pushed back on the plan, the cardinal’s efforts were stymied.
Libero Milone was until 2017 the first auditor general of the Vatican Curia, a position he held until Cardinal Angelo Becciu accused Milone of spying on him, and threatened him with criminal prosecution if he did not resign.
In an April 26 interview with Italian broadcaster Rai3, Milone said that APSA, the Holy See’s investment management and real estate office, had made investments that “did not correspond to the social doctrine of the Church.”
Rai3 reported that APSA held shares worth 20 million euros in two Swiss pharmaceutical companies: Roche and Novartis, which produces and distributes so-called emergency contraceptive pharmaceuticals. The report did not indicate whether Vatican employees or outside investment managers had initially made the investment, or were responsible for its oversight.
(Excerpt) Read more at pillarcatholic.com ...
Who knew Biden Catholics were running the vatican
The liberation theologians like Francis follow in the same footsteps as Jim Jones, a communist who used religion only as a cover for something truly evil. They’re about as catholic as any other communist.
Criticized. Criticized?!!!! Adopting the doctrine of hell is not merely subject to criticism as we know it.
Not much holy about this Holy See.
I wonder if they’d let the Pope play the craps table at Caesar’s Palace?
Something seems wrong to me about the Holy See investment fund.
I bet they don’t own xom.
It is like saying gassing Jews is more humane than shooting them.
Why would they be criticized for that? It’s not like this is a Christian organization, at least based on their past behavior and especially Francis’s.
Lots of good info in this article I’ve not read before. I wonder if the Vatican should be “investing” at all - making money on money? Instead stick to the Church mission? People donate money to be used for charity, good works, support, faith spreading, not to make more money.
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