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Tue Jul 10, 2012, 08:25 AM

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



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



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Reply Looks like they're going to have to cut the Prada slipper budget at the Holy See (Original post)
marmar Jul 2012 OP
DCKit Jul 2012 #1
Skidmore Jul 2012 #2
AngryOldDem Jul 2012 #3

Response to marmar (Original post)

Tue Jul 10, 2012, 10:42 AM

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

 

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Response to marmar (Original post)

Tue Jul 10, 2012, 10:47 AM

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

and keep them.

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Response to Skidmore (Reply #2)

Tue Jul 10, 2012, 10:55 AM

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.



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