Vatican City State reports $22 million deficit

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VATICAN CITY (RNS) The Vatican City State reported a deficit of $22 million for 2008 as a consequence of the “global economic-financial crisis,” the Vatican announced on Saturday (July 4). The Vatican’s annual profit and loss statements showed that the 108-acre sovereign territory, which includes St. Peter’s Basilica and the Vatican Museums, fared much worse […]

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