The Vatican has found itself in the middle of a critical financial crisis, which threatens to jeopardize the livelihood of retired clergy and staff worldwide
Bankruptcy seems like a stretch, indeed. But those assets are largely not income generating, aside from donations and tourism. With those on the decline, their value situation is worsening.
Hopefully, they’ll be forced to sell their “priceless” artifacts until there’s nothing left.
Bankruptcy seems like a stretch, indeed. But those assets are largely not income generating, aside from donations and tourism. With those on the decline, their value situation is worsening.
Hopefully, they’ll be forced to sell their “priceless” artifacts until there’s nothing left.