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05 Jul

Pontiff, Can You Spare a Dime: Vatican Has $19 Million Deficit

Vatican Has $19 Million DeficitYes, these days even the Vatican is in the red–even with a €50 million gift from the Vatican bank this year. "The Vatican has registered one of its worst deficits in years, plunging back into the red with a €15 million ($19 million) deficit in 2011," reports The Associated Press, which adds that the Vatican blamed the deficit on "high personnel and communications costs and adverse market conditions." Those costs, the AP adds, were enough to outweigh a hefty €50 million ($62. …

Original post by The Atlantic Wire and software by Elliott Back



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