Institute for Works of Religion

  • Europe’s Crisis Focus Shifts From Greece to Spain

    By Marlene Y. Satter, AdvisorOne  |  May 28, 2012

    Concerns eased a bit over the possibility of a Greek exit from the euro zone as Saturday polls showed rising support for pro-bailout parties in that country. But attention turned to Spain as earlier estimates of funding needed for a bailout of its largest bank looked to be seriously undervalued.

  • Vatican Embarrassed by Account Closure

    By Marlene Y. Satter, AdvisorOne  |  March 20, 2012

    The Vatican suffered a blow to its efforts to have its bank included in the European "white list" of states that comply with international standards against tax fraud and money laundering on Monday when JP Morgan Chase shut the account of the Vatican bank at an Italian branch.

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