Vatican’s New Bank Chief Has Military Ship Links
February 15th, 2013Via: AP:
The Vatican was drawn into a new controversy Friday after acknowledging that its bank’s new president is also chairman of a shipbuilder making warships — a significant conflict for an institution that has long shunned ties to military manufacturing.
The Vatican announced to great fanfare that Pope Benedict XVI had signed off on one of the last major appointments of his papacy, approving Ernst von Freyberg as president of the Vatican’s bank, officially known as the Institute for Religious Works.
The Vatican spokesman was caught off-guard, though, when a journalist noted that the German shipbuilder von Freyberg chairs, Blohm + Voss, is known for its military ship construction.
The Rev. Federico Lombardi demurred and defended the selection. He later issued a statement saying von Freyberg chairs a civilian branch of Blohm + Voss, which repairs and transforms cruise ships and builds yachts — but that the company is currently part of a consortium that is building four frigates for the German navy.
The Vatican and its bank have deep-rooted traditions of steering clear of investments in companies that manufacture weapons or contraceptives, in line with Catholic Church teaching.
Related: Not The Onion: Catholic Church Sells Pornographic Novels in Germany
