National Catholic Register: Cardinal Parolin Letter Not a ‘Smoking Gun’ Regarding Failed Vatican Property Deal

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Fr. Gahl speaks to the National Catholic Register on the steps Pope Francis has taken to increase trust in Vatican finances
Cardinal Parolin

A letter from Vatican Secretary of State Cardinal Pietro Parolin has come to light, showing how he sought to stem the losses from a controversial Vatican property deal that had gone bad by requesting a 150-million euro loan from the Vatican Bank — which it subsequently refused.

But while the letter appears to confirm that by early 2019 Cardinal Parolin was engaged in damage control, in terms of trying to stem further Vatican losses from the transaction, knowledgeable sources told the Register that his intervention did not appear to be improper.


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