Pell: “Vatican Is Slowly Going Broke”

Time in prison “was bad” with “many dark moments,” Cardinal George Pell, 79, told Reuters.com (December 8).

His lowest point was when the first appeal was rejected in August 2019, “I was down. I was very disappointed. I came to be very cross.” However, Pell kept saying his prayers and moved on.

Regarding the finances of the Holy See, the former treasurer said that “the Vatican is slowly going broke.” The shortfall in 2020 is expected to be more than 50 million and there is a looming deficit of hundreds of millions of euros in the Vatican’s pension fund. Pell's conclusion, “You can’t go on like that forever.”

Picture: George Pell, © Mazur, CC BY-NC-SA, #newsLlvytppcwu

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Ultraviolet

Dec 9, 2020

Too bad Pope BXVI -didn't clean out God's Church of self-destructive occupants, @Rafal_Ovile. If he had, there wouldn't -be- a Cardinal Bergoglio or a Pope Francis. Your claim is thus disproven.

...and the Church isn't going broke. It never will They close down ancient European monasteries and convents all the time that are sitting on unbelievably valuable land, they have the German "Church" trying to buy policy changes, they have staggering amounts invested in realty and serve as proxy "land-lords" for thousands, all of which are sure-fire money-makers. No, the Church is simply suffering cash-flow problems (if that) and that's entirely different from going bankrupt.

Rafał_Ovile

Dec 9, 2020

Is more urgent to protect Mater Ecclesiae Monastery or Domus Sanctae Marthae from liablities generated by imcompetents? The more destruction one observes the more one may marvel at the mastermind plan of God executed through His Vicar pp BXVI in cleaning out His Church of self-destructive occupants... God knows how and when it will end.

Jungerheld

2Dec 9, 2020

I like hearing from Pell. He has no duplicity in what he says. I like some of the cartoons that accompany the articles. This one doesn't seem to fit. Surely there have been many popes that share responsibility for the financial problems the Vatican is experiencing, even if the largest problem is the lost support of the lost flock.