Thursday, 10 July 2008

Pope in the red


It is not just the economy in Britain that it is trouble.

The Vatican has gone into the red and like the Uk they can blame it on global factors.


Annual accounts published yesterday showed that the Holy See dipped into the red last year, recording a loss of €9.1m (£7.25m). It said this was "due mainly to sharp and very pronounced trend reversal in fluctuation of exchange rates, particularly the US dollar".

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