Prophets & Losses: Ongoing challenges at Vatican Bank

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The Vatican suffers a major economic crisis, a situation that must be faced by the new Pope Leo XIV . The austerity policies of the previous Pope Francis could not have had the expected results and now the Pontifical State must face a debt of millions of euros. Pope Francis tried to reverse this situation during the 12 years that he was in charge of the Vatican, but he did not succeed. In fact, the most worrying situation is that of the pension …

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The election of Francis had raised the hope that the Argentine pope would manage to clean up the finances of the Holy See. Despite his efforts, with a gulf of 2 billion euros at the end of his pontificate, the problem is far from being completely solved, says the Italian daily 的Corriere della Sera的. And for the new pontiff, Leo XIV, the financial issues, triviales, remain at the top of the pile.