Pope approves German lawyer to head embattled bank



VATICAN CITY — Pope Benedict XVI has signed off on one of the last major appointments of his papacy, approving a German lawyer to head the Vatican’s embattled bank.

Ernst Von Freyberg has solid financial and Catholic credentials as a member of the Sovereign Military Order of Malta, an ancient chivalrous order drawn from European nobility.

The appointment ends a nine-month search after the Institute of Religious Works ousted its previous president, Ettore Gotti Tedeschi, for incompetence. The ouster came just as the Vatican was submitting its finances to a review by a Council of Europe committee in a bid to join the list of financially transparent countries.

The Vatican said Von Freyberg had been appointed by the bank’s commission of cardinals and that the pope had “expressed his full consent.”

Get Inquirer updates while on the go, add us on these apps:

Inquirer Viber

Disclaimer: The comments uploaded on this site do not necessarily represent or reflect the views of management and owner of INQUIRER.net. We reserve the right to exclude comments that we deem to be inconsistent with our editorial standards.

  • Pablo316

    Could be a possible run up to Revelation 17:16:


    “The beast and the ten horns you
    saw will hate the prostitute. They will bring her to ruin and leave her naked;
    they will eat her flesh and burn her with fire.”


    RCC’s so-called 3rd
    secret of Fatima even alludes to this coming
    event. Very exciting times to be alive and to be a Christian. Maranatha!

  • NoWorryBHappy

    Hmmm. So, that’s why he resigned.
    Maybe more scandals coming to shake the foundations of the Papacy.

    • Observer_din

      nagkakaroon na din ng financial crunch ang simbahan?

  • http://www.facebook.com/people/Abdul-Rashid/100004367910013 Abdul Rashid

    Seeing that is already time for the NEW WORLD ORDER to take its lead Benedict has to give way to Petrus Romanus, the false prophet that will ordain a world leader to rule the world for three and a time until God destroys the Vatican and finally establish God’s kingdom here on earth.

To subscribe to the Philippine Daily Inquirer newspaper in the Philippines, call +63 2 896-6000 for Metro Manila and Metro Cebu or email your subscription request here.

Factual errors? Contact the Philippine Daily Inquirer's day desk. Believe this article violates journalistic ethics? Contact the Inquirer's Reader's Advocate. Or write The Readers' Advocate:

c/o Philippine Daily Inquirer Chino Roces Avenue corner Yague and Mascardo Streets, Makati City,Metro Manila, Philippines Or fax nos. +63 2 8974793 to 94


editors' picks



latest videos