If sin is not our core problem, the gospel itself – the thing of first importance – is marginalized. The good news that Jesus proclaimed and offered is that there is forgiveness of sins, not through our own attempts to please God but by placing our confidence in Jesus Himself, in His death and resurrection. If sin is not our primary problem, then the gospel of Jesus is no longer the most important event in all of human history.
Edward Welch

Vatican Bank

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Vatican Bank

VATICAN BANK

THE CITIZEN, 4/12/84, reported: “The Vatican Bank, which owned part of Ambrosiano, has come under scrutiny since Ambrosiano, Italy’s largest private banking group, collapsed in 1982. Italian officials probing the tangled affairs of the group have said that the Vatican Bank was partially responsible for Ambrosiano debts. The Vatican has denied moral or financial responsibility but has agreed to pay a large sum toward Ambrosiano’s debts.”

In 1986, Italy issued a warrant for the arrest of Bishop Marcinkus because of alleged illegalities in the Bishop’s handling of the Vatican Bank. The warrant was later withdrawn when it was discovered that the Italian government cannot legally try high Vatican officials.

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