Vatican Economic Council

The Vatican Economic Council is an institution of the Roman Curia of the Roman Catholic Church . It was introduced by Pope Francis with the Apostolic Letter Fidelis dispensator et prudens of February 24, 2014 as part of a new coordinating body for the economic and administrative affairs of the Holy See and the State of Vatican City . Part of his order was the establishment of an economic secretariat and the appointment of a general auditor .

Jurisdiction

The Economic Council has been given the task of “following closely the conduct of economic affairs and overseeing the structures and administrative and financial activities of the dicasteries of the Roman Curia, of the institutions associated with the Holy See and of the State of Vatican City.” The Council is therefore expressly intended not only as an advisor to the central economic secretariat, but as an independent body to control the entire church administration in Rome. He replaced the previous 15-member "Council of Cardinals for Economic and Financial Matters".

composition

The body consists of 15 people, eight of whom are cardinals or bishops and seven are lay people with financial expertise and recognized professionalism. Its members are called for five years and should be selected so that the council is representative of the worldwide Church. The council is headed by a cardinal coordinator. Pope Francis stressed that the laity are full members of the council, on an equal footing with the clergy.

Members of the first term of office (from 2014)

The members of the first term of office were appointed on March 8, 2014. Six cardinals of the new council were members of the previous body. Cardinal George Pell was also the first head of the Economic Secretariat until his impeachment on February 24, 2019.

Clergy

Reinhard Marx (* 1953), Archbishop of Munich and Freising, Germany; Cardinal coordinator
Juan Luis Cipriani Thorne (* 1943), Archbishop of Lima, Peru; Retired as Archbishop emeritus in 2019
Daniel N. DiNardo (* 1949), Archbishop of Galveston-Houston, USA
Wilfrid Fox Napier (* 1941), Archbishop of Durban, South Africa
Jean-Pierre Ricard (* 1944), Archbishop of Bordeaux, France; Retired as Archbishop emeritus in 2019
Norberto Rivera Carrera (* 1942), Archbishop of Mexico City, Mexico; Retired as Archbishop emeritus in 2017
John Tong Hon (* 1939), Archbishop of Hong Kong, People's Republic of China; Retired as Archbishop emeritus in 2017
Agostino Vallini (* 1940), Cardinal Vicar of the Diocese of Rome; 2017 age-related retirement

Lay people

Joseph FX Zahra (* 1955), Malta, Vice-Coordinator; Economist, former director of Bankentrali ta 'Malta bank

Jean-Baptiste de Franssu (* 1963), France, economist and since July 9, 2014 President of the Supervisory Board of the Istituto per le Opere di Religione

John Kyle (* 1943), Canada; former Vice President of Imperial Oil , former member of the Prefecture's International Advisory Board on Economic Affairs of the Holy See

Enrique Llano Cueto , Spain; economist

Jochen Messemer (* 1966), Germany

Francesco Vermiglio , Italy

George Yeo (* 1954), Singapore

Members of the second term of office (from 2020)

On August 6, 2020, Pope Francis named the members of the second term. Six of the seven lay people are now women, all seven come from Europe.

Clergy

Reinhard Marx (* 1953), Archbishop of Munich and Freising, Germany; Cardinal coordinator
Péter Erdő (* 1952), Archbishop of Esztergom-Budapest, Cardinal, Hungary
Giuseppe Petrocchi (* 1948), Archbishop of L'Aquila, Italy
Wilfrid Fox Napier (* 1941), Archbishop of Durban, South Africa; limited to his 80th birthday
Odilo Pedro Scherer (* 1949), Archbishop of São Paulo, Brazil
Gérald Cyprien Lacroix (* 1957), Archbishop of Québec, Canada
Joseph William Tobin (born 1952), Archbishop of Newark, United States
Anders Arborelius (* 1949), Bishop of Stockholm, Sweden

Lay people

Alberto Menali , Italy; Former General Manager of Assicurazioni Generali and Head of Investment in the Eurizon Group and former Chief Executive Officer of Cattolica Assicurazioni

Eva Castillo Sanz , Spain, Member of the Board of Directors of Bankia SA, the Board of Directors of Zardoya Otis SA and the Board of Directors of Fundación Comillas-ICAI and Fundación Entreculturas

Leslie Jane Ferrar (* 1955), United Kingdom; former Treasurer of Charles, Prince of Wales ; currently in command of the Victorian Royal Order

Ruth Maria Kelly (* 1968), United Kingdom; former Minister in the governments of Tony Blair and Gordon Brown ; currently Pro-Vice Rector for Research and Enterprise at St. Mary's University in London

Marija Kolak (* 1970), Germany, President of the Federal Association of German Volksbanks and Raiffeisenbanks

Charlotte Kreuter-Kirchhof (* 1970), Germany; Professor of German and Foreign Public Law at Heinrich Heine University in Düsseldorf and Chairwoman of the Hildegardis Association

María Concepción Osácar Garaicoechea , Spain, Founding Partner of the Azora Group and Chair of the Board of Directors of Azora Capital and Azora Gestion, SGIIC.

Individual evidence

[1] ttp://w2.vatican.va/content/francesco/de/motu_proprio/documents/papa-francesco-motu-proprio_20140224_fidelis-dispensator-et-prudens.html

[2] ttp://www.kath.net/news/45197

[3] Statutes of the Economic Council (Italian)

[4] ttp://www.vatican.va/content/francesco/it/speeches/2014/may/documents/papa-francesco_20140502_consiglio-economia.html

[5] ttp://www.vaticanhistory.de/wordpress/?p=8824

[6] ttps://press.vatican.va/content/salastampa/it/bollettino/pubblico/2014/03/08/0171/00360.html

[7] ttps://www.vaticannews.va/de/papst/news/2020-08/papst-franziskus-neue-haben-wirtschaftsrat-sechs-frauen.html

[8] Composition of the Economic Council , first and second term of office, with daily terms of office