Vatican Donations ‘Plunge’ Amid Sex Scandals

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From The Independent:

Only a fifth of the money donated goes to helping the poor and needy, with the rest held in bank accounts or used to plug gaps in the finances of the Curia, the Vatican’s governing body. Stock photo: despositphotosSex scandals in the Catholic Church have eroded faith in the Vatican and caused donations to plunge, a book claims.

The money donated by ordinary Catholics to the Church, known as Peter’s Pence, has plummeted from €101m in 2006 to €70m in 2016 and may now be less than €60m, according to Gianluigi Nuzzi, an investigative journalist. In his book, ‘Universal Judgment’, which was published yesterday, he claims that the Church’s finances are in such a dire state – a result of a toxic mix of incompetence, internal wrangling and corruption – that the Vatican risks a default by 2023.

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