Vatican: Billion-Euro Shortfall? Cardinal Rejects Reports
Cardinal Reinhard Marx of Munich, Germany, has rejected reports that the Vatican is in the red in an interview with an anti-Church German newspaper.
'I cannot confirm that. The situation is not as catastrophic as some people make it out to be,' he said.
At the press conference following the election of Pope Leo XIV, Cardinal Marx also commented on the finances of the Holy See, emphasising that the Church was facing challenges but there was no need to fear a financial crisis.
He made a distinction between the finances of the Vatican State and those of the Holy See, explaining that the former were 'in good shape, with surpluses'.
However, the Holy See's situation is more difficult, as it is burdened primarily by high administrative and pension costs.
Cardinal Marx is only responsible for the financial situation of the Holy See.
He does not consider a short-term solution involving the sale of real estate to be sustainable. It is …More