The Holy See Press Office, Vatican Information Services has issued a statement confirming the anticipated appointment by Pope Benedict XVI of Italian Archbishop Velasco De Paolis as a special delegate to take over the Legionaries of Christ.
Archbishop De Paolis is a top official in charge of managing Vatican finances,
Knowledgeable Vatican observers have noted the significance of selecting a person with financial as well as legal expertise. (The Legion has reportedly accumulated approximately
$ 30,000,000,000 over the last several decades).
Based on an article by the New York Times, Marco Tosatti, a veteran Vatican correspondent with the newspaper La Stampa has commented that the new Vatican delegate has
a particular understanding of the organization of religious orders.
Mr. Tosatti likened the Legionaries to a company that has gone bankrupt and added that a great deal of restructuring would go on and that he expects the current leadership to soon be out.
To see Vatican Information Services press release:
To see the New York Times article: