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...lousy banker, but at least I'm not in jail," Archbishop Paul Marcinkus, 65, told visitors two years ago, after Italy's biggest bank failure had exploded around him. The Archbishop, who heads the Istituto per le Opere di Religione, commonly known as the Vatican Bank, may not make that claim so confidently in the future. Last week a Milan judge named Marcinkus in an arrest warrant as an "accessory to fraudulent bankruptcy" in connection with the 1982 collapse of the Banco Ambrosiano, then Italy's largest private banking group...

Author: /time Magazine | Title: The Vatican Hiding Behind the Walls | 3/9/1987 | See Source »

...Cicero, Ill., of Lithuanian heritage, Marcinkus has been a member of Pope John Paul II's entourage, and for 17 years served as a papal advance man. In 1970 Marcinkus used his 6-ft. 4-in. frame to thwart a knife attack on Pope Paul VI in Manila. The Archbishop was once thought to be on the Vatican fast track, but after the Ambrosiano affair his rapid career advancement came to a stop. He was not named a Cardinal as anticipated and did not rise to become President of Vatican City, another post that he was expected to receive...

Author: /time Magazine | Title: The Vatican Hiding Behind the Walls | 3/9/1987 | See Source »

...Since the Lateran Treaty of 1929, Italy has recognized the 108.7-acre Vatican as a sovereign state. No extradition treaty, however, exists between the two. In 1982, shortly after the Italian Justice Ministry sent Marcinkus a "judicial warning" announcing that he and his two subordinates were under investigation, the Archbishop moved inside Vatican walls. Today he lives simply in a Vatican apartment...

Author: /time Magazine | Title: The Vatican Hiding Behind the Walls | 3/9/1987 | See Source »

...groomed for leadership in the halls of power that honeycomb the sacred ground under the cathedral in Canterbury. He was the golden boy, the whiz kid, the man the archbishops turned to before risking a dangerous political maneuver. He walked the path of God. Name: Terry Waite, the Archbishop of Canterbury's special envoy...

Author: By Rutger Fury, | Title: Carrying the Waite: | 3/7/1987 | See Source »

...slate of pro-divestment candidates running for the Board of Overseers received a boost yesterday when Anglican Archbishop of Capetown Desmond M. Tutu endorsed their campaign, the slate's sponsors announced last week...

Author: By Laurie M. Grossman, | Title: Tutu Endorses Divestment Slate For Overseers | 3/3/1987 | See Source »

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