“All goods, movable and immovable, including liquid assets and securities, which have been or will be acquired, in whatever manner, by curial institutions and entities connected to the Holy See, are ecclesiastical public goods and as such are owned, in title or other real right, by the Holy See as a whole and belonging therefore, independently of the civil power, to its unitary, indivisible and sovereign patrimony”. An Apostolic Letter affirms it in the form of Motu Proprio issued today by Pope Francis. "Therefore, the entities of the Holy See acquire and use them, not for themselves, like a private proprietor, but, in the name and authority of the Roman Pontiff, for the pursuit of their institutional purposes, which are likewise public; and therefore, for the common good and at the service of the universal Church.” In practice, the individual bodies "turn out to be administrators, who must act with the prudence that the management of the common good requires and according to the rules and competences that the Holy See has given itself." A standard that needs to be implemented because of the ongoing pushback the Pope is experiencing as he tries to organize the Vatican's assets and administer its finances in the wake of the 217-million-euro loss incurred owing to the real estate speculation scam in London.