ROME (AP) - A top official of the Vatican bank has offered assurances that its deposits are safe from the world financial meltdown, an Italian Catholic magazine said Monday. Angelo Caloia said in interview released Monday, days ahead of publication in Famiglia Cristiana magazine, that the bank only makes safe investments.
"Our assets are solid and we have no lack of liquidity," said Caloia, president of the supervisory council of the Institute for the Works of Religion—the bank's official name.
The bank's depositors are religious orders, dioceses, Roman Catholic charities, other religious organizations and the Vatican itself.
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