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Jessica Mendoza

πŸ‘€ Speaker
7634 total appearances
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Podcast Appearances

The Journal.
The Financial Mess Facing the Vatican

But should the next pope continue his reforms? The clergy is already taking sides. That's next.

The Journal.
The Financial Mess Facing the Vatican

But should the next pope continue his reforms? The clergy is already taking sides. That's next.

The Journal.
The Financial Mess Facing the Vatican

But should the next pope continue his reforms? The clergy is already taking sides. That's next.

The Journal.
The Financial Mess Facing the Vatican

The Curia, the church's governing body, is famously secretive. So as the conclave gets underway this week, Drew and his reporting partners, Joe Parkinson and Stacey Mictree, have been holding hushed meetings across Rome.

The Journal.
The Financial Mess Facing the Vatican

The Curia, the church's governing body, is famously secretive. So as the conclave gets underway this week, Drew and his reporting partners, Joe Parkinson and Stacey Mictree, have been holding hushed meetings across Rome.

The Journal.
The Financial Mess Facing the Vatican

The Curia, the church's governing body, is famously secretive. So as the conclave gets underway this week, Drew and his reporting partners, Joe Parkinson and Stacey Mictree, have been holding hushed meetings across Rome.

The Journal.
The Financial Mess Facing the Vatican

Drew and the team met with officials from the Vatican's bank, pension fund, and regulatory institutions, and with cardinals attending the conclave.

The Journal.
The Financial Mess Facing the Vatican

Drew and the team met with officials from the Vatican's bank, pension fund, and regulatory institutions, and with cardinals attending the conclave.

The Journal.
The Financial Mess Facing the Vatican

Drew and the team met with officials from the Vatican's bank, pension fund, and regulatory institutions, and with cardinals attending the conclave.

The Journal.
The Financial Mess Facing the Vatican

But you did manage to get people to talk to you.

The Journal.
The Financial Mess Facing the Vatican

But you did manage to get people to talk to you.

The Journal.
The Financial Mess Facing the Vatican

But you did manage to get people to talk to you.

The Journal.
The Financial Mess Facing the Vatican

What did you hear? People are quite alarmed. Ahead of the start of the conclave, cardinals held multiple sessions to discuss the financial crisis. One big issue is the pension fund for aging clergy members. The fund is facing about 2 billion euros in liabilities. But the culture of financial mismanagement is also a wedge issue.

The Journal.
The Financial Mess Facing the Vatican

What did you hear? People are quite alarmed. Ahead of the start of the conclave, cardinals held multiple sessions to discuss the financial crisis. One big issue is the pension fund for aging clergy members. The fund is facing about 2 billion euros in liabilities. But the culture of financial mismanagement is also a wedge issue.

The Journal.
The Financial Mess Facing the Vatican

What did you hear? People are quite alarmed. Ahead of the start of the conclave, cardinals held multiple sessions to discuss the financial crisis. One big issue is the pension fund for aging clergy members. The fund is facing about 2 billion euros in liabilities. But the culture of financial mismanagement is also a wedge issue.

The Journal.
The Financial Mess Facing the Vatican

What happens if the next pope either does nothing or isn't able to solve this problem? Is this existential for the Catholic Church?

The Journal.
The Financial Mess Facing the Vatican

What happens if the next pope either does nothing or isn't able to solve this problem? Is this existential for the Catholic Church?

The Journal.
The Financial Mess Facing the Vatican

What happens if the next pope either does nothing or isn't able to solve this problem? Is this existential for the Catholic Church?

The Journal.
The Financial Mess Facing the Vatican

It might mean more salary cuts, reducing core emissions, hiking museum fees, overhauling the Vatican Bank. But there's one seemingly obvious solution to this whole money problem. So Drew, can you explain to me how can the Vatican be in such a financial mess if it's also sitting on this pretty unimaginable wealth of art and history, right? They've got the manuscripts and the Vatican Library.

The Journal.
The Financial Mess Facing the Vatican

It might mean more salary cuts, reducing core emissions, hiking museum fees, overhauling the Vatican Bank. But there's one seemingly obvious solution to this whole money problem. So Drew, can you explain to me how can the Vatican be in such a financial mess if it's also sitting on this pretty unimaginable wealth of art and history, right? They've got the manuscripts and the Vatican Library.