Inequality in Australia, highlighted Mr Gaetani, is at a 20-year high, with single parents hit the hardest.
Ten people, including Cardinal Angelo Becciu, are on trial in the Vatican, facing multiple charges related to financial malfeasance, particularly regarding the Vatican Secretariat of State’s investment in a property on Sloane Avenue in London. The Vatican lost more than $200 million on the deal.
Cardinal Pell’s impact on the life of the Church in Australia and around the world will continue to be felt for many years.
In a statement issued this week, the Vatican has issued new rules that will ensure that Vatican owned investments will contribute “to a more just and sustainable world” and protect “the real value of the Holy See’s net worth and generate a sufficient return to sustainably contribute to the financing of its activities”.
Coming off the back of the worst global economic slowdown since the Great Depression, this year’s Federal Budget has the monumental task of delivering economic recovery for a nation still reeling from stay-at-home restrictions, border lockdowns and the virtual disappearance of the hospitality and tourism sector, let alone the ongoing hit to retail and industry.