Vatican’s asset manager says Holy See is not going broke

Thursday, October 24th, 2019

The head of the Vatican’s sovereign asset management body has insisted that the Holy See is not headed for financial “collapse.”

Bishop Nunzio Galantino made the comments in response to a book published on Monday by Italian journalist Gianluigi Nuzzi, which claims that the Holy See is facing a serious cash shortage, and may soon be unable to meet its ordinary operating expenses.

“There is no threat of collapse or default here. There is only the need for a spending review. And that is what we’re doing. I can prove it to you with numbers,” Galantino said on Oct. 22. Read more

Additional reading

News category: News Shorts, World.

Tags: Bishop Nunzio Galantino, Holy See finances

Fifth Gospel Living – book review

Simple, sweet, sometimes heart-breaking, and always invigorating, Fifth Gospel Living is the latest publication from Fr John O’Connor and his Food for Faith ministry. It comprises stories of personal encounters with God. The 96 reflections are the result of a Read more

Treaty of Waitangi should be considered as a covenant relationship

A hīkoi opposing the Treaty Principles Bill has made its way to Wellington. Those who took part in the hīkoi, along with supporters around the country, both Māori and non-Māori, consider the Bill to be a betrayal of the commitments Read more

Christianity stands on threshold of new Reformation

Keynote speaker Tomáš Halík (pictured) a leading Catholic intellectual and author from the Czech Republic, says Churches must transcend national, religious, cultural boundaries A new reformation for the 21st century must transcend “the current forms and boundaries of Christianity,” resist Read more

CathNews New Zealand