Vatican runs deficit amid economic crisis

VATICAN CITY (AP) - The Vatican ran a deficit in 2008 as its finances and donations from across the world were hit by the global economic crisis. The Vatican posted a budget deficit for a second straight year. The Holy See's 2008 deficit was around ¤0.9 million ($1.28 million), an improvement on last year's loss of ¤9.06 million. The financial report released Saturday by the Holy See's press office listed revenues of ¤253.9 million and expenses for ¤254.8 million.... [read full story]                    

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