'Council of Eight' Meets for Second Day

Cardinals Discuss Structure of Vatican Bank «In Depth»

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The Vatican has said the Council of eight Cardinals tasked with reforming the Roman Curia met on the morning of Tuesday, 1 July at the Domus Sanctae Marthae, as planned.

It said Pope Francis is participating in all the meetings; today, Wednesday morning, he participated in the entire meeting, as the general Audiences have been suspended. Cardinal Secretary of State Pietro Parolin is regularly present at the meetings, and the Holy Father has established that he will participate fully like the other members of the Council, of whom at present there are nine.

On Tuesday and on Wednesday morning three main themes were considered. There was a presentation by Cardinal Bertello on matters relating to the Governorate, and a presentation relating to the Secretariat of State by Cardinal Parolin.

The issue of the structure of the Institute for Works of Religion (IOR) was discussed in depth. The meetings, held in two sessions, were also attended by members of the Supervisory Commission of Cardinals present in Rome, Cardinals Santos Abril y Castelló, Thomas Collins and Jean-Louis Tauran, as well as Pietro Parolin.

With regard to the news and questions circulating in the press in recent days, the Director of the Holy See Press Office made the following declaration:

“The IOR is in a time of natural and peaceful transition. The contribution of Ernst von Freyberg continues to be deeply appreciated and highly valued, and further clarifications are possible, indeed likely, next week after the meeting of the Council for the Economy on Saturday”.

The Director then gave a concise explanation of the agenda of the next meeting of the Council for the Economy, which will focus on the Statutes and programme for future work, and will be informed on developments relating to the IOR and – by the Prefecture for Economic Affairs – on the 2013 budget and the provisional budget for 2014.

The Director also announced that a major press conference is expected to be held next week on various matters, including the IOR, linked to the sphere of competence of the Council and the Secretariat for the Economy.

The Council is now continuing its meetings, again taking into consideration and systematically developing the reflections already formulated in the first round of study and review of the different bodies of the Roman Curia.

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