Head of Vatican Bank also chairman of warship company | Irish Examiner
Centuries after the loss of its Mediterranean fleet, the landlocked Vatican makes its move to develop a blue water navy.
In his last appointment before sailing into the sunset the Pope has got his man, a great helmsman to navigate the next fisher of men from the banks of the Tiber through murky uncharted waters.
From its base at the home of the world's oldest yacht club, the Examiner has the inside story.
'The Vatican announced to great fanfare that Pope Benedict XVI had signed off on one of the last major appointments of his papacy, approving Ernst von Freyberg as president of the Vatican’s bank, officially known as the Institute for Religious Works.
The Vatican spokesman was caught off-guard, though, when a journalist noted that the German shipbuilder von Freyberg chairs, Blohm + Voss, is known for its construction of military ships.'