|Cardinal Velasio De Paolis with Pope Benedict XVI.|
Rome, September 21, 2011. According to the Holy See’s press
office, Pope Benedict XVI has accepted Cardinal Velasio De Paolis’
resignation from his responsibility as President of the Prefecture for
the Economic Affairs of the Holy See. However, the cardinal
will continue serving as papal delegate for the Legionaries of
Christ and the Regnum Christi Movement.
Cardinal De Paolis had submitted
his resignation from the Prefecture in 2010 for reasons of
age (he is 75) in keeping with Canon Law. Archbishop
Giuseppe Versaldi will take over as the new President of
the Prefecture for the Economic Affairs of the Holy See.