Pope formally strips Vatican secretariat of state of assets
By NICOLE WINFIELD Associated Press
ROME (AP) — Pope Francis has formally stripped the Vatican secretariat of state of its financial assets and real estate holdings following its bungled management of hundreds of millions of euros in donations and investments. Francis signed a new law this weekend ordering the secretariat of state to complete the transfer of all its holdings to another Vatican office by Feb. 4. The law also calls for all donations to the pope to be held and managed by the Vatican’s treasury office as separate funds that are accounted for in the Holy See’s consolidated budget.