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In Sweeping Move, Pope Creates Office to Oversee Vatican Finances

Pope Francis has taken his boldest step yet to overhaul the Vatican's often murky finances, creating a new department with broad powers to oversee all of its economic and administrative affairs, the Vatican said on Monday. The Secretariat for the Economy will be headed by Australian Cardinal George Pell, currently the archbishop of Sydney. The pope will also name an auditor with oversight powers. An advisory panel of eight cardinals advising the pope, including Pell,...

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