The Vatican's economy minister has said hundreds of millions of euro was found "tucked away" in accounts of various Holy See departments without having appeared in the city-state's balance sheets.
In an article for Britain's Catholic Herald Magazine published today, Australian Cardinal George Pell wrote that the discovery meant overall Vatican finances were in better shape than previously believed.
"In fact, we have discovered that the situation is much healthier than it seemed, because some hundreds of millions of euro were tucked away in particular sectional accounts and did not appear on the balance sheet," he wrote.
"It is important to point out that the Vatican is not broke... the Holy See is paying its way, while possessing substantial assets and investments," Cardinal Pell said.
He did not suggest any wrongdoing but said Vatican departments had long had "an almost free hand" with their finances and followed "long-established patterns" in managing their affairs.
Read more by clicking on the following: Vatican finds millions of euro 'tucked away' - RTÉ News
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