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by yucky 1276 days ago
It looks like the Catholics don't consider any interest to be usurious, only excessive interest (which leaves a lot of wiggle room).
1 comments

That's directly contradicting the Pope:

> One cannot condone the sin of usury by arguing that the gain is not great or excessive

from the parent comment

Well not quite. On page 32 of their Annual Report you can see in the income statement where they are earning millions in interest[0].

[0] http://www.ior.va/content/ior/en/media/annual-report/annual-...

That's thanks to the 1917 Code of Canon Law [0]

[0] https://en.wikipedia.org/wiki/1917_Code_of_Canon_Law