The Vatican and Global Oversight

I do not think that this global oversight institution will work. First it was proposed by the Roman Catholic Church (The Vatican) which is in itself suspicious to me. The Vatican is already in all likelihood the most powerful institution the world has ever seen. And now it wants to head an institution that could carry more weight than any individual country in relation to economic affairs. Second the fact that some institution could have more power over a country’s economy than the country itself seems absurd. Lastly, the idea of this institution seems to only reinforce the idea of globalization which, in the years to come, could strip away a country’s autonomy.