I do not think Vatican was ever a money losing enterprize. This 1996 article notes: "[T]he Vatican relies greatly on contributions from its Dioceses, which since 1992 have increased from 10,398 million lire (approx. US$ 6,950,000) to 30,582 million lire (approx. US$ 20,300,000)."
An expert on the Roman Catholic Church was quoted in an article about the business ventures of the Russian Orthodox Church: "The Vatican's largest commercial project is securities investments, including bonds, which total nearly $500 million. Earlier, information concerning the Vatican's finances was carefully concealed. However, recently, this policy has been changed and twice a year the head of the budgetary department gives a press conference, where he details the [church's] state of affairs."
I think Detroit Free Press needs better copyeditors. posted by tamim at 12:31 AM on January 11, 2001
One journalist thinking they're a weisenheimer can tilt a story any way they want to.
I looked all around that site, and I didn't see ONE indulgence for sale. I'm severely disappointed. I want to buy my way out of Hell using PayPal. posted by solistrato at 7:12 AM on January 11, 2001
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I do not think Vatican was ever a money losing enterprize. This 1996 article notes: "[T]he Vatican relies greatly on contributions from its Dioceses, which since 1992 have increased from 10,398 million lire (approx. US$ 6,950,000) to 30,582 million lire (approx. US$ 20,300,000)."
An expert on the Roman Catholic Church was quoted in an article about the business ventures of the Russian Orthodox Church: "The Vatican's largest commercial project is securities investments, including bonds, which total nearly $500 million. Earlier, information concerning the Vatican's finances was carefully concealed. However, recently, this policy has been changed and twice a year the head of the budgetary department gives a press conference, where he details the [church's] state of affairs."
I think Detroit Free Press needs better copyeditors.
posted by tamim at 12:31 AM on January 11, 2001