Vatican’s Moral Decay: Finances, Sexual Exploitation and the Crisis of Credibility of The Holy See

Vatican’s Moral Decay: Finances, Sexual Exploitation and the Crisis of Credibility of The Holy See

Calvi’s relationship with the Italian Mafia, as well as the mysterious disappearance of hundreds of millions of dollars in church assets, demonstrated how deeply organised crime had penetrated the Holy See’s financial arteries. Under its hallowed image, the Vatican has long maintained a financial empire like a sovereign hedge fund rather than a purely spiritual entity. The Vatican vowed to reform that year and began working with international fi…