Vatican has millions of extra euros, financial czar says

December 4, 2014 8:32 PM

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VATICAN CITY – The Vatican's economy czar says the Holy See's finances are in better shape than he thought, revealing that hundreds of millions of euros were kept off the balance sheet and that reforms are forging ahead to make the Vatican "boringly successful."

In a frank essay published Thursday in Britain's The Catholic Herald, Cardinal George Pell outlined his vision for a Vatican that follows international accounting standards, is transparent and audited externally, and uses its proceeds to help the poor.

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