Isn’t it interesting that they are ALSO registering their worst year yet?  hmmmmm…..wonder what the connection is to governments and banks around the world?
By NICOLE WINFIELD Associated Press
VATICAN CITY July 5, 2012 (AP)

The Vatican has registered one of its worst budget deficits in years, plunging back into the red with a €15 million ($19 million) deficit in 2011 after a brief respite of profit.

The Vatican on Thursday blamed the poor outcome on high personnel and communications costs and adverse market conditions, particularly for its real estate holdings.

Not even a €50 million gift to the pope from the Vatican bank and increased donations from dioceses and religious orders could offset the expenses and poor investment returns, the Vatican said in its annual financial report.

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