The Vatican has found itself in the middle of a critical financial crisis, which threatens to jeopardize the livelihood of retired clergy and staff worldwide
Bullshit. They own more land than damn near any other entity on the planet. The whole celibacy thing was so the priest could not take the church owning and give them to non-church kids.
Hurting for money? Sell some land. Then pay for the abuse lawsuits some more.
Bankruptcy seems like a stretch, indeed. But those assets are largely not income generating, aside from donations and tourism. With those on the decline, their value situation is worsening.
Hopefully, they’ll be forced to sell their “priceless” artifacts until there’s nothing left.
Bullshit. They own more land than damn near any other entity on the planet. The whole celibacy thing was so the priest could not take the church owning and give them to non-church kids.
Hurting for money? Sell some land. Then pay for the abuse lawsuits some more.
How about all those hospitals? Sell them to local owners, force them to be non profit and pay off the resale victims the Vatican created.
Bankruptcy seems like a stretch, indeed. But those assets are largely not income generating, aside from donations and tourism. With those on the decline, their value situation is worsening.
Hopefully, they’ll be forced to sell their “priceless” artifacts until there’s nothing left.