Pope Francis talks with Haiti's President Michel Joseph Martelly (L) and his wife Sophia during a meeting at the Vatican February 24, 2014. REUTERS/Claudio Peri/Pool
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Pope Francis on Monday revolutionised the Vatican's scandal-plagued finances, inviting outside experts into a world often seen as murky and secretive and saying the church must use its wealth to help the poor.A new Secretariat for the Economy will report directly to the Pope and will be headed by Australian Cardinal George Pell, 72, currently the Archbishop of Sydney and a key proponent of financial transparency in a committee that advised the Pope.The Secretariat, effectively a new ministry, will be headed by Pell and guided in policy making by a new 15-member Council for the Economy made up of eight prelates and seven lay financial experts "with strong professional financial experience" from around the world, according to the statement.Francis has not ruled out closing the bank, which primarily handles funds for religious orders and Vatican employees.
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