The sect, the Society of St. Pius X, defied a direct plea from Pope Leo XIV and sought to consecrate four bishops without the Vatican's approval.
Vatican excommunicates bishops of breakaway traditionalist sect - The Washington Post. This is not just another news cycle — it represents a shift that market participants, policymakers, and informed citizens need to understand.
The sect, the Society of St. Pius X, defied a direct plea from Pope Leo XIV and sought to consecrate four bishops without the Vatican's approval.
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