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Pope creates new Vatican finance ministry

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(Globalpost/GlobalPost)

Pope Francis has created a new finance ministry to oversee the Holy See's economic and administrative affairs, his first decisive action in the wake of scandals at the Vatican bank.

The ministry will be headed up by Australian Cardinal George Pell, and will be responsible for preparing the Holy See and Vatican's annual budget as well as financial planning and enhanced internal controls, the Vatican said in a statement.

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http://www.globalpost.com/dispatch/news/afp/140224/pope-creates-new-vatican-finance-ministry-1