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Vatican Faces Fiscal Meltdown

The Vatican is announcing draconian cost-cutting measures to stave off an impending financial meltdown triggered by the closure of the Vatican museums and other tourist sites following the pandemic.

On Wednesday of Holy Week, the Governorate of the Vatican City State issued an internal memo predicting “heavy repercussions” for “the economic and financial situation of the Holy See and of the State of Vatican City” which will “only become more serious with the passing of time.”

The registered letter, signed by Cdl. Giuseppe Bertello, president of the Vatican Governorate, warns of an “uncertain future” and admits “we do not know how long the unavoidable economic recession will last.”

Read more at Church Militant