Looks like they're going to have to cut the Prada slipper budget at the Holy See

[marmar]

By Tiffany Hsu
July 5, 2012, 10:57 a.m.


The effects of the euro zone debt crisis has reached into some of the holiest of halls, pushing the Vatican into one of its worst budget deficits in years.

The Holy See on Thursday reported a shortfall of 14.9 million euros, or $18.4 million.

“The result was affected by the negative trend of global financial markets, which made it impossible to achieve the goals laid down in the budget,” according to a statement from the Catholic Church’s governing body.

Administrators also blamed the gulf on the cost of paying the Vatican’s 2,832 employees and spreading the Catholic faith via its various communications outlets, which include a newspaper and radio and television channels. ...............(more)

The complete piece is at: http://www.latimes.com/business/money/la-fi-mo-vatican-deficit-20120705,0,709459.story

[DCKit]

1. "House rich, cash poor." My heart is breaking. nt

[Skidmore]

2. It wouldn't hurt the Vatican to make vows of poverty

and keep them.

[AngryOldDem]

3. No, it wouldn't.

Especially true given as how they always claim that they are the "Church Christ founded," blah blah blah.

As I recall, Jesus Christ didn't live in a palace; did not have a vacation home in the Italian Alps; did not wear ermine capes and Prada shoes; and did not drink out of pure gold chalices.