Word: ior
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Dates: during 2000-2009
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...power struggle is said to be on over control of the Institute for the Works of Religion (IOR), the Vatican bank. The longstanding IOR chief Angelo Caloia is credited with cleaning up the bank's business after it was rocked by scandals in the 1980s. But some think Caloia has himself consolidated too much power. Italian magazine Panorama last week reported that Benedict would like to put former German Central Bank chief Hans Tietmeyer to run the Church's operation. That would shake things up almost as much as a German pope...