This article has been verified for the current version (1.30) of the game.
This event starts the Protestant Reformation, i.e. the Protestant faith in the game is enabled.
The Protestant Reformation
Thoughts of disapproval against the Roman Catholic Church are spreading across Europe as a result of the increasing corruption of monks and clerics. Voices are raised questioning the current principles and greed of the Church. A monk in $CAPITAL$ has for some time expressed deep concerns and is now openly declaring his discontent with the Church, paving the way towards a reformation of the faith.
The Reformation has not started yet.