Vatican reports it's nearly $19 million in the red - World News
If you were seeking confirmation that the current economic crisis really is evil, look no further than the Holy See.
The
Vatican reported on Thursday that its tiny state wasn't spared by the
global economic downfall. With its budget deficit hitting $19
million, 2011 was one of the Holy See's worst financial years on record.
With
lines for entering Vatican museums and Saint Peter's
Basilica consistently as long as the Vatican wall, last year alone
tickets for attractions like the Sistine Chapel filled the Vatican's
coffers with more than $90 million. If to that you add the almost $70
million the pope received in charitable donations, it's difficult to
believe that the smallest state in the world, with its 0.2-square-miles
territory, could ever go in the red.
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