Posts Tagged The Wall Street Journal

Europe calls on Vatican to take more action on financial crime / The Wall Street Journal

A European watchdog has put the Vatican on notice to prosecute those suspected of financial crimes now that the city-state has brought its laws on money laundering and terrorist financing in line with international standards.

“‘The Vatican ‘needs to deliver some real results on the prosecutorial side,’ said a report published Tuesday (Dec. 15) by the Council of Europe’s Moneyval committee. Nobody has yet been prosecuted under a 2013 Vatican anti-money-laundering law.

“The committee praised the ‘intensive review process’ at the scandal-plagued Vatican bank. The bank has closed around 4,800 accounts, in some cases because a client’s profile didn’t conform with the bank’s stated mission to serve ‘works of religion.'”

By Massimo Faggioli, The Wall Street Journal — Click here to read the rest of this story.

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Video divides Twin Cities archdiocese, abuse victims / The Wall Street Journal

The Roman Catholic Archdiocese of St. Paul and Minneapolis and representatives for several hundred alleged victims of clergy sexual abuse are at odds over a seven-minute video that victims want to play following Mass in all 187 of the archdiocese’s parishes.

“The video, in which three alleged abuse victims appear, urges others to come forward and file claims against the archdiocese ahead of an Aug. 3 deadline. Filing formal claims is a critical step for those seeking to share a court-brokered settlement with the archdiocese and its insurance carriers.

“Lawyers for alleged victims have asked Judge Robert Kressel of the U.S. Bankruptcy Court in St. Paul, Minn., to approve a motion that would send the video to all parishes and request that they play the video ‘in connection with each Mass service’ on July 11 and July 12. The request stops short of asking the judge to explicitly order parishes to play the video.”

By Tom Corrigan, The Wall Street Journal — Click here to read the rest of this story.

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Pope Francis and the New Rome / The Wall Street Journal

One Saturday last month (March), Pope Francis celebrated Mass at Ognissanti (All Saints’) Church in one of Rome’s working-class neighborhoods. Little known to tourists or art historians, Ognissanti was the site of a momentous event in the modern history of the Catholic Church: Exactly 50 years earlier, Pope Paul VI had gone there to celebrate the first papal mass in Italian rather than in the traditional Latin.

“In marking that anniversary, Pope Francis made plain his view of the vernacular Mass, one of the most visible changes ushered in by the Second Vatican Council (1962-65). The practice still pains Catholic traditionalists who mourn the loss of churchwide unity that came with a common language.

“Allowing Catholics to pray in their local languages ‘was truly a courageous act by the church to draw closer to the people of God,’ Pope Francis told a crowd gathered outside. ‘This is important for us, to follow the Mass this way. And there is no going back…Whoever goes back is mistaken.’

In his two years in office, the pontiff has drawn attention for his unconventional gestures—such as personally welcoming homeless people to the Sistine Chapel last month—but those gestures matter most as signs of the radical new direction in which he seeks to lead the Catholic Church: toward his vision of the promise of Vatican II …”

By Francis X. Rocca, The Wall Street Journal — Click here to read the rest of this article.

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