Brussels Edition
In a few days, 133 cardinals will be sealed inside the Sistine Chapel to pick the next pope in one of the world’s most secretive election processes
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Welcome to the weekend issue of Brussels Edition, Bloomberg’s daily briefing on what matters most in the heart of the European Union. Join us on Saturdays for deeper dives from our bureaus across Europe.

ROME — A glass of wine in a restaurant just outside the Vatican, a stroll outside Rome’s Aurelian walls without wearing cardinals’ traditional red gowns, eating seafood in traditional trattorias.

That’s how some of the 133 cardinals who have rushed to Rome after Pope Francis’s death are enjoying their last hours of freedom, according to Italian media reports.

In a few days, they’ll be sealed inside the Sistine Chapel to pick the next pope in one of the world’s most secretive election processes.

A cardinal arrives for the seventh congregation meeting in the Vatican, on April 30. Photographer: Dimitar Dilkoff/AFP/Getty Images

None of them are speaking openly about the upcoming vote. And none of them want to engage with reporters. 

But their visible presence around the city is a reminder of what’s at stake for the Catholic world

On May 7, the cardinals will walk into the chapel decorated by Michelangelo, and they’ll only be able to leave the complex once they’ve picked a new pope. 

The outcome of the vote — which could take hours or weeks — is highly unpredictable.

At stake is whether the church will return to championing more conservative values, or pursuing more flexible approaches to divisive issues like the role of women and LGBTQ members. 

Several names for the next pope have been floated, including Pietro Parolin, an Italian who serves as the Vatican’s secretary of state and is known for his diplomatic skills. Another is Raymond Leo Burke, a one-time archbishop of St. Louis and an ardent critic of Francis.

Pietro Parolin, center, at the late Pope Francis' funeral ceremony at the Vatican on April 26. Photographer: Filippo Monteforte/AFP

There’s Peter Turkson, a Ghanaian known for relatively liberal views on social justice and human rights, and Philippines-born Luis Tagle, an advocate for enhanced inclusivity.

Of course, being named in papers is hardly a guarantee of success.  

Until the white smoke wafts from the chapel’s chimney, the cardinals won’t be able to interact with anyone outside the group.

Signal jammers and even drones will be deployed to make sure that phones won’t provide a way around the communications ban.

The group of cardinals who will be in the chapel is as diverse as ever, with only a small number of them being of Italian nationality. Several languages are represented.

The last two conclaves lasted only two days — but no matter how long it takes, cardinals are making the most of Rome’s warm sunlight, drinks, and good food.

Chiara Albanese, Italy bureau chief

Weekend Reads

From Porsche to Carlsberg and JetBlue, Tariff Toll Spreads

Companies around the world including carmakers, brewers, airlines and packaged food makers are sounding a warning that President Donald Trump’s import tariffs are beginning to wreak havoc. For some, the levies are squeezing margins and weighing on sales. For others, the main concern is the impact on the global economy. For nearly all, the uncertainty is making effective forecasting almost impossible. 

Controversial Arctic Parcel of Land May Sell for €300 Million

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A parcel of private land on Norway’s Arctic archipelago of Svalbard has attracted a group of buyers willing to pay the €300 million asking price — if the Norwegian government won’t overrule the deal on geopolitical concerns. Svalbard is Norwegian territory, but is governed by a 100-year-old treaty signed by some 45 countries, among them Russia, China and the US.

Swiss Neutrality Threatens to Stifle Nation’s Defense Industry

Russia’s full-scale assault on Ukraine exposed how Swiss neutrality imposes strict export rules for arms, threatening the small but symbolically important industry. Bern was criticized for blocking shipments of Swiss-made weapons to Ukraine, and now Switzerland risks missing out on lucrative contracts as European nations rearm in the face of Moscow’s aggression and tensions with the US.

Why Restarting a Power Grid After Massive Collapse Is So Hard

When there has been a failure on the entire grid, a complex process called a “black start” is needed to restore the network gradually. Smaller, often diesel, generators are used to start bigger ones, in a process that creates “islands” of power which connect together on the main transmission network to gradually restore the grid. 

Billionaire Seeks Sainthood and Right-Wing Future for France

Sterin has given extensive podcast interviews. Photographer: Stephane Lagoutte/Challenges-REA/Redux

Billionaire Pierre-Edouard Sterin has a clear-eyed view of his life goals ahead: turbocharge his fortune, give it all away and remodel France’s political landscape. Then, to cap it all, achieve sainthood in death. He’s also courted controversy at home with a deeply conservative project aimed at boosting French right-wing parties. 

This Week in Europe

  • Sunday: First round of Romanian presidential election
  • Tuesday: German conservative leader Friedrich Merz expected to be sworn in as chancellor
  • Wednesday-Thursday: EU foreign ministers hold informal meeting in Warsaw
  • Thursday: 80th anniversary of the end of World War II in Europe

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