The magazine l'Espresso calculated that the amount of shares owned by the Vatican is around 12 (twelves) billion dollars, a sum which corresponds to 50 (fifty) billion of marks. Such an amount must be compared with the total amount of the entire stock capital of the Western German economy: 26 (twentysix) billion marks.............."
[from an article der Spiegel/L'Espresso appeared in 1958]
"Der Großaktionär/The major shareholder"
"....The lay baron Bernardino Nogara recently asked to Pious XII for a private audience. He is the "Representative of the Special Administration of the Holy See", a sort of minister of finance of the church of Rome.…....Baron Nogare who is 86 had a good reason to ask for the audience as his health is suffering.…...He was substituted by Baron Spada.…....The mystery around the private audience is due to the traditional discretion of the church of Rome in the matter of finance. The Vatican refuse to exhibit the books of the bills even to his faithfuls.…......However it is not a mystery that the Holy see today is the greatest financial power on earth and her political influence in the last years continually increased. The evidence is the number of control board of companies where baron Nogara appears: 74 (seventy four). In the West Germany the greatest number of companies where the same person – the banker Hermann Abs – appears in the control board is 26 (twenty six).….....The security of the secrets on the Vatican business is ensured by the fact that they are concentrated in few trustful lay hands. The Italian magazine "L'Espresso", once owned by Olivetti company, today by the FIAT corporation), enlists eleven names:….......Near Nogara and Spada there are three nephew of the pope Pious XII (Carlo, Marcantonio und Giulio Pacelli), the count Pietro Enrico Galeazzi (director of technical plants of the Vatican city) , Giovanni Battista Sacchetti (head of the holy palaces), Eugenio Gualdi, count Paolo Blumenstihl, Francesco Maria Oddasso and the former Italian ambassador Vittorio Cerruti.…....With the exception of the FIAT and Pirelli corporation these men are members of nearly all the most important Italian corporations.….......With one of the above eleven men, the Vatican is among the stockholders of the sequent banks: Banco di Roma, Banco di Santo Spirito, the Banco Ambrosiano of Milano and the Banco di Novara. Then Banca Commerciale (baron Nogara), Credito Italiano (baron Spada).….....The gas and electrical plants of Rome are controlled by the Vatican via the nephew of Pious XII. The workers of Rome often invite their women to not waste too much gas or electrical energy, shouting to them as a joke the word "Pacelli".…....A scandal in the past years discovered that the Vatican is stockholder of almost every property company of Italy. The Vatican should possess the 40 (forty) percent of the greatest Italian property company, the "Generale Immobiliare".…....The magazine l'Espresso calculated that the amount of shares owned by the Vatican is around 12 (twelves) billion dollars, a sum which correspond to 50 (fifty) billions of marks. Such amount must be compared with the total amount of the entire stock capital of the Western Germany: 26 (twenty six) billion marks.…...........”