Papal profits down thanks to weak greenback

That’s a shame.

From the BBC story (via

The Vatican made a loss last year as the weaker dollar reduced the value of donations from the faithful in the United States.

Almost a quarter of the $79.8m (£40.4m) worth of offerings it received came from collections made in US churches.

But as the dollar lost 15% of its value against the euro, the Catholic Church’s governing body made a loss of 9.1m euros (£7.3m: $14.3m) in 2007.

My heart bleeds for you Herr Ratzinger, it really does.

But do buck up, old fruit. My country is playing host to World Ratzinger Youth Day (at virtually no cost to you and your company, I might add). Plenty of open hearts to fill and open wallets to empty.


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