Per The Economist: "The reason for the central bank's tough stance is that it has to comply with the European Union's banking and anti-money-laundering law. This law permits EU banks to operate in non-EU countries only if these have adequate regulatory frameworks and supervisory controls in place."
For the sake of their sexually-tortured victims; women and gays; all those past, present and future who will suffer hardship and shortened life spans from the alliance of Church and plutocracy; the poor, the sick and marginalized; we can only hope it comes sooner than later.
The following is an outline of the tensions and turmoil leading to these experts' prediction.
On Jan. 1, 2013, the Bank of Italy, the country's central bank which also acts as its banking regulator, shut down the ATMs and all credit and debit card services operated by Deutsche Bank's Italian unit inside the Vatican City State. Putting most tourist transactions on a cash-only basis has "cut into sales at the Vatican Museums, post office, and other shops [and] is costing the Vatican an estimated $40,000 a day ."
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