Domenica, 21 Ottobre 2018

Rating agency Standard Ethics to vet Vatican City


Rome, February 19 - Standard Ethics, which assigns
ratings to countries, has added Vatican City to its 2013 roster,
to be published on February 21.
The Brussels-based agency issues annual corporate-ethics
ratings to countries belonging to the Organization for Economic
Cooperation and Development (OECD) as well as to additional
states, which have been added occasionally, including Argentina,
Russia, China and India.
The rating applies to the state which hosts the Holy See,
as distinct from the church itself.
The Vatican will be judged along the same lines as other,
traditional states, according to Standard Ethics, although the
agency said that such criteria would be adapted to the
peculiarities of the case.
"The global nature of its financial and economic activities
and the profound social and formative impact that (the Vatican)
determines on the lives of several communities renders the
evaluation and comparison of its system of government with that
of other nations of undeniable scientific and statistical
interest," Standard Ethics said in a statement announcing the
inclusion of the city in its 2013 roster.
The Vatican has been mired in allegations of illegal and
unethical financial practices for decades, all of which it
On Friday the Vatican appointed German banker Ernest von
Freyberg as head of the Vatican Bank IOR, replacing Ettore Gotti
Tedeschi who was sacked seven months ago amid reported
disagreements on moves to get on the UN's white list of states
with top credentials against money laundering.

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