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Friday, June 01, 2012

The financial incompetence and corruption behind Vatileaks

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The Gemelli Hospital in Rome, owned by the Church, has a hole in theie accounts of one billion. This has been revealed in a letter to Cardinal Bertone: "There is danger of bankruptcy"

A few days ago the Secretary of State Tarcisio Bertone received a report with devastating content regarding  the healthcare operations of the Catholic University of Sacred Heart which controls the Gemelli Hospital, showing a total debt of nearly one billion (750 to banks and 170 million to suppliers), and the risk of a crash is very close.   "L'Espresso" has read the confidential memo dated May 17, 2012 from Joseph Profiti, Bertone loyalist and part of the management of the University emphasising without any nonsense the seriousness of the situation. This has been caused by mismanagement and the fact that the claims budgeted by management of the hospital  against the Lazio Region (about 820 million, which in theory balance the debts, money that includes  257 million still in an arbitration court) are largely uncollectible.

The prospect for the Gemelli is a nightmare- cutting wages, job losses, split between the university and hospital and sale of the hospital. In December, the Lazio region led by Renata Polverini said it would give the Gemelli  no more than 79 million, whilst Profiti is more optimistic and hopes that the account just opened by the government would bring in cash for 50 percent of the amount required. But even so the remaining debts would not be "less than 400 million euros." If the figure was included in the total budget of the Catholic University, the consequences could be disastrous. "It would be impossible to access to structured bank financing and exposure to possible bankruptcy petitions in the court of Milan by the creditors or, if the situation of the University comes to the attention of ajudge, the opening of bankruptcy proceedings ex officio.   It must be mentioned the court of Milan has developed a very aggressive attitude. " As the case of the San Raffaele Hospital in Milan.

Broken dream. In the Vatican "mala tempora currunt". By the black crows, leaks of confidential documents and wars between opposing factions, the Holy See is rocked by scandals unprecedented. But soon other key issues, flaws that so far have remained well hidden under the carpet will shake the Curia, because the new crisis will overwhelm the Church in a field which counts the most: that of hospitals controlled by religious. Yet until recently, hopes were very different. Bertone had decided, in agreement with the former President of the IOR Ettore Gotti Tedeschi (who, together with some politicians had initially launched the idea, as stated in this exclusive document ) and Profiti (the chairman of the Infant Jesus Hospotal a layman and loyalist of the former Archbishop of Genoa), to buy the San Raffaele. The rescue should have been the first step of a more daring scheme, the creation of a Vatican healthcare cluster, apart from the institution founded by Don Verzè, the Gemelli, the IDI-San Carlo, the Infant Jesus and the House for the Relief of Suffering in San Giovanni Rotondo. A giant.

But over the months the puzzle put together by Bertone and Profiti went to hell. The San Raffaele has fallen into the hands of Giuseppe Rotelli, Gotti Tedeschi was expelled in disgrace, the control of the Toniolo Institute (the foundation that controls the Catholic) has fallen into the hands of a sworn enemy- Cardinal Angelo Scola. And, with the exception of the Infant Jesus, the Catholic hospitals have increasingly negative accounts, and financial crash is seriously threatened. In addition to the Gemelli, at the Idi San Carlo doctors and nurses are paid in bursts (the last salary received is in March), while the hospital founded by Padre Pio, which is 90 million in the red, fought an impossible war to obtain credits that are the boast of of the Puglia Region. Two judicial inquiries of the Prosecutor of Rome ( on on the Idi and the other on the Gemelli, where at the end of 2010, 800 000 Euro for hospitalizations "disappeared") have begun to investigate the possible cause for the collapse.



Fired head of Vatican Bank enemy of transparency?

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Anderson says Vatican bank fired president to increase transparency. Published in the6/1/2012edition of The Pilot: 

Carl A. Anderson, head of the U.S.-based Knights of Columbus and secretary of the Vatican bank's board of supervisors, said a commitment to promoting transparency led the board to fire Ettore Gotti Tedeschi as bank president.

The board unanimously passed a vote of "no confidence" in Gotti Tedeschi's leadership May 24 during a meeting in which the Italian banker was allowed to speak "for more than 70 minutes," according to a memorandum released by Anderson.

The board of the bank, formally known as the Institute for the Works of Religion, issued an unusually blunt statement through the Vatican Press Office May 24, noting that members had repeatedly expressed concern to Gotti Tedeschi about the bank's "governance," but that the "situation has deteriorated further.

Cardinal Bertone kept close to the Pope

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The Vatican secretary of state, Cardinal Tarcisio Bertone, will accompany Benedict XVI to Milan for the World Meeting of Families which kicks off this afternoon and will continue until Sunday. This is an exceptional event as it normally the Secretary of State does not follow the Pope around during the latter's travels in Italy.

The fact shows the closeness of the Pope's closest collaborator at a particularly difficult time for the Church of Rome marked by crises and investigations resulting from the leak of confidential documents from the Vatican. Benedict XVI thus intends to reinforce the message of last Wednesday when, at the end of the General Audience, he confirmed his faith in his closest collaborators and at the same time denouncing the many allegations that are raised against the Church.

Moreover, the visit in Milan takes on a meaning of showing the unity and solidarity of the Church at the time that it is hit by the media storm. While visit to the World Meeting of Families has been in Benedict XVI's schedule for some time, it has also been shown that Milan was the centre, in the recent past (as reported by various news leaks and false documents), of controversy and tension between different parts of the Catholic world and the Church.

In Milan there is to be found the Institute Toniolo which is considered a bastion of the Italian Church – and which effectively manages financially Catholic University, and around which Institute several questions have arisen. With respect to Toniolo, people speak of rivalry between the Church in Milan with the Episcopal Conference on the one hand and the Vatican and the other for the control of the Institute. Currently the president of the Toniolo is Cardinal Angelo Scola, archbishop of Milan, who succeeded Cardinal Dionigi Tettamanzi. Archbishop Scola will be welcoming the Pope to Milan.

Most beautiful picture of Mass

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Anyone know the identity of the artist?  He may have painted others with a similar theme.

Video of former head of Vatican Bank joking about the economic benefits of Hitler

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Gotti Tedeschi e la barzelletta su Hitler – Il Fatto Quotidiano TV

The occasion was the presentation of the book in Rome by Giulio Tremonti (former Minister of Economy in Italy) called The Emergency Exit, the chosen site: the Pontifical University in Piazza San Giovanni. The Director of the Pastoral Univeritaria of the Vicariate of Rome, Monsignor Lorenzo Leuzzi, makes a point of concern about the risks of "war or anti-democratic tendencies" cited in the text of the former Minister of Economy.

At this point, President of the IOR (Vatican Bank) Enrico Gotti Tedeschi starts to tell a story about Keynes and Hitler who died about a year apart but reached St Peter, the custodian of paradise together: the economist claims to have saved capitalism to justify his entry. The Fuhrer also tries: "'I have saved the jobs, because I have sent six million to the front and I employed another six million to fabricating guns." Gotti did not report the choice of St. Peter, but explains: "Its a terrible joke, but it makes one understand the connections with the economy in wartime. Economics - he adds - should be dealt with less by priests than the people who really have the responsibility, except that politicians- he concludes - must act as politicians and bankers as bankers "