Wednesday, November 4, 2015

Vatican is in deep financial trouble according to the author of a new book

THE NEW YORK TIMES
By Gaia Pianigiani
To be released on November 10: "Merchants in the Temple: Inside Pope Francis's Secret Battle Against Corruption in the Vatican"
The Vatican pension fund is running an €800-million deficit. The Vatican’s real estate holdings total €2.7 billion, seven times more than what is listed on its balance sheets. And the Vatican’s governing body had agreed to push Philip Morris cigarettes, for a fee. If they are to be believed, those are some of the revelations set to be published in a new book by Gianluigi Nuzzi, “Merchants in the Temple.” [link]