Waiver of the Vatican Bank Director

The President of the Institute for religious works (IOR) was from his post after losing the confidence of the Executive Board of the institution away also known as the Vatican Bank.

According to a publication of the Catholic Church could Ettore Gotti Tedeschi "primary functions of his position", in what it perceives as an attempt of the Church hierarchy to more transparency in their financial transactions.

Gotti is the at the center of a controversy research by allegations of money laundering, although this seems not the reason for the dismissal, the the Vatican always has Italian cuisine is with political motives act.

According to the Vatican statement would Gotti have recognized that it neglected Bank of Spain the IOR during his time as head of the Italian Department of Santander.

On Friday, the Cardinals gather, the members of the Board of Governors of the Bank are to determine the decision of the Board of appeal.

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