Vatican City: Holy See runs deficit amid economic crisis

The Vatican said yesterday it 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, though the figures improved strongly from 2007. The Holy See's 2008 deficit was around euro.09million ($1.28 million), compared with a loss of euro9.06... [read full story]                    

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