Wednesday, February 29, 2012
Cavan church gets bell tower and spire- 140 years later
British politician receives death threat for defending marriage
Bishop fears and prays for his people in Syria
Indian cardinals and religious leaders on Lent pilgrimage to the Holy Land
For peace in Sri Lanka, government should learn from past failures, say Catholic bishops
Korea and Lithuania, two former dictatorships "united in faith in Christ"
The South Korean bishop arrived in Vilnius on Ash Wednesday at the invitation of Msgr. Luigi Bonazzi, Apostolic Nuncio to Lithuania and Estonia: "There were even some bishops from Latvia at the retreat, and this made me very happy. I am also grateful to Msgr. Bonazzi, whom I met during my stay in Rome, for giving me the opportunity to experience this. "
Even if they seem far apart, with a few points of contact, from the standpoint of faith Korea and Lithuania have much in common: "Both churches are communities and young people, they both survived a tough military-type regime and an ideology hostile to Christianity. Sure, there Catholics are about 80% of the population while in South Korea we are just over 20%, but this does not change much, because the total numbers - the faithful and religious - are similar. Furthermore, it is their enthusiasm that struck".
The European bishops of are emerging from Soviet rule, while South Korea endured a brutal military dictatorship for several decades: "And this makes dialogue and fruitful cooperation very easy. During the retreat we were able to talk much , to compare our experiences and our expectations: this is the meaning of the universal Church, the true sense of unity and brotherhood among Catholics. "
In addition to thinking together about Lent and the Paschal Mystery, the Korean bishop gave his brother bishops some practical advice as well: "Like Korea, Lithuania is also composed of different social strata: the difference between countryside and city, for example, is very important both from an economic standpoint and from that of development. That's why I suggest they send priests to towns in rural areas and vice versa for at least five years of pastoral work, like we do. In this way, they will get to know more about their country. "
Although it is an uncommon experience, this experiment was a great success: "In faith and within the Church geographical origin is not important. And social, political and economic diversities are just an incentive for mutual improvement. I'm really grateful to God for this opportunity, which has enriched me in view of the holy Easter. "
Archbishop Saldanha: Shahbaz Bhatti, an honest man and "martyr" for the rights of minorities
Removal of Occupy London protest is 'terrible' sight
New Dean elected for St Patrick’s Cathedral, Dublin
Boys Town founder to be named Servant of God
The anti-Christian messages on churches of Jerusalem
Medjugorje, pronouncement by 2012
Cardinal Ruini, received by the Pope, the committee has heard all seers at the Vatican.
"The Church should grant communion to divorced and remarried persons"
Vatican widens apps
Vatican Bank defends its Cayman Islands banking division

Quite recently, like clockwork online religious publications on the internet, National Catholic Reporter has a story titled Why the 'Vatican Bank' doesn't exist , or in Catholic Culture has a story running Vatican 'bank' isn't really a bank .
In Trust Law another story went at this link Vatican paper brands leakers irresponsible "wolves
The Vatican bank, formally known as the Institute for Works of Religion (IOR), is aiming to comply fully with international norms and has applied for the Vatican’s inclusion on the European Commission’s approved “white list” of states that meet EU standards for total financial transparency.
Talk in the Italian media about the Vatican Banks offshore account division is causing more to question if the Vatican could comply with any EU banking reforms whatsoever. What is at stake?
In June 2012, a European commission will decide whether the Vatican has abided by tough international anti-money laundering and anti-terror finance laws by joining the so-called "white list" of countries that share financial information.
The Vatican has always been a closed city that has been blamed for covering up priests who were suspected child molesters and even relocated them, appointing such individuals into positions of power where they again reoffended.
To add to the intrigue, sources suggest a power struggle exists inside the Holy See.
As of now, the main area of concern, however, is the Vatican Bank’s offshore Cayman Islands banking Division.
The Vatican Bank, or the IOR, is outside the Italian central bank's regulatory grasp.
The Vatican is notoriously secret about this division, its clients, and amounts of its financial holdings.
The IOR is built on secrecy.
It keeps secret accounts, does no audits and claims to destroy records after ten years.
It offers secret accounts to many who “have had problems with the law,” said one of its past presidents.
There are no cheque books.
Everything is done by transfer, by cash or in gold bullion, so as to be untraceable.
This is perfect for money-laundering.
The Vatican Bank has quietly established itself in the offshore financial centre of the Cayman Islands.
The Vatican Bank escapes scrutiny from Italy.
Recent media spotlight suggest its clients consist of international financiers, Saudi oil barons, Russian Billionaires, German arms dealers, members of royalty and members of the underworld.
Some of the leaked documents have carried the processing stamp of the Vatican secretariat of state, implying an internal leak.
Only this year, the Vatican has taken remarkable steps in the past year to be more transparent in its financial dealings and co-operative with international requests for financial data.
Nino Lo Bello, a long time business correspondent for the New York Times, wrote a book on the Vatican called the Vatican Empire.
In his research, he found out the Vatican owned an airline, a banking system, condom manufacturers, owned all the nuclear weapons manufacturers, including biological weapon’s manufacturers, all such information is easily accessible in the business directories.
Such business operations are contrary to Catholic doctrine.
The Italian media continue to search out the taste of corruption.
In fact, the leading newspaper Corriere della Sera is up in arms over such allegations.
This story will continue to unfold.













