As previously discussed here, it’s odd nobody read between the lines in the media spin right away. Now it’s gaining a bit of traction — and Zero Hedge is usually one of the first to be ahead of the trend.
It’s a miracle… The Vatican’s economy minister has said hundreds of millions of euros were found “tucked away” in accounts of various Holy See departments that were previously not counted on the city-state’s balance sheet. “In fact, we have discovered that the situation is much healthier than it seemed,” noted Australian Cardinal George Pell, adding that “it is important to point out that the Vatican is not broke.” Indeed a miracle – like hookers-and-blow in GDP data? However, the Vatican finances remain in darkness as Reuters reports, the state’s top prosecutor has frozen 16 million euros in bank accounts owned by two former Vatican bank managers and a lawyer as part of an embezzlement investigation into the sale of 29 Vatican-owned real estate in the 2000s. Continue reading