Learn English: The Pope's Financial Gamble (normal)

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The Pope's Financial Gamble

Pope Francis took a big risk by directly asking for donations to solve the Vatican's financial difficulties.

He created a new committee to raise funds for the church's administration, aiming to address its ongoing budget deficits.

This bold strategy proved successful, attracting significant donations and restoring some confidence in the Vatican's finances.

However, the future of these reforms is uncertain, as the upcoming papal election could lead to shifts in financial priorities.

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Source

Original: NY Times (Business)

Tags

#Pope Francis #Vatican finances #Catholic Church #donations #papal succession

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