Vatican in a Financial crisis?
@SIDIKIMPOLE (2266)
Eldoret, Kenya
May 12, 2025 5:28am CST
With the election of a new pope, much is still to be expected from Rome. Eyes of the world have not yet left the headquarters of the Roman Catholic Church. Journalists still have their noses sniffing for more from Vatican. Some sources alleged that the new pontiff has a challenge of dealing with financial problems in the holy city. I personally was shocked to learn that such a religious organization with huge following, institutional investments and ready sponsorship globally can find itself in a financial quagmire. Unless the reports were from garter press, then could the catholic church’s headquarters be in a financial crisis?
8 people like this
5 responses
@LadyDuck (474105)
• Italy
14h
@SIDIKIMPOLE - Many rich people decided to stop donating. I think that the Catholic Church did not do enough to stop Priests abuses.
1 person likes this
@SIDIKIMPOLE (2266)
• Eldoret, Kenya
15h
I think so. Nobody can be comfortable donating to a scandalous institution after all
1 person likes this
@SIDIKIMPOLE (2266)
• Eldoret, Kenya
13h
@LadyDuck Sure.. Should it have done something to stop priest abuses, then the confidence donors had in the church would not have reduced.
1 person likes this
@LadyDuck (474105)
• Italy
13 May
@JudyEv I am not surprised a bit. In the past weeks the Italian newspapers are talking a lot about a teenager who disappeared years ago. Several witness testified that she was kidnapped to be "used" as a slave by important Cardinals in Vatican City. I still remember when she was kidnapped in Rome. Her father worked for the Vatican Bank.
2 people like this
@celticeagle (174295)
• Boise, Idaho
12 May
I would hope that this financial issue has to do with reorganizing after the new pontiff takes over. There always seems to be some financial issues when such things take place.
1 person likes this
@celticeagle (174295)
• Boise, Idaho
13 May
@SIDIKIMPOLE .........Sometimes I am.
1 person likes this
@JordanLader (5928)
• Sparta, Tennessee
12 May
I don't really pay attention but really with the economy being what it is right now, I can imagine quite a few people that wouldn't normally be in financial distress now being in it. The economy sucks right now and I think it's starting to effect everyone now.
1 person likes this
@SIDIKIMPOLE (2266)
• Eldoret, Kenya
12 May
You are possibly right. We are all living in economically tough times my friend
1 person likes this
@Ineeddentures (1089)
•
12 May
I think the Catholic Church globally might be having a financial crisis.
I think they have paid out multi millions in compensation to people who were abused in their care or by their priests.
2 people like this
@SIDIKIMPOLE (2266)
• Eldoret, Kenya
12 May
I hope things get better and priests stop abusing people under their care
1 person likes this
@SIDIKIMPOLE (2266)
• Eldoret, Kenya
12 May
@Ineeddentures I think to some, priesthood is not a calling at all
1 person likes this
@Ineeddentures (1089)
•
12 May
@SIDIKIMPOLE
I have no idea why people of God would ever do this in the first place but it seems it happened an awful lot.
1 person likes this
