Wednesday, July 11, 2012

Catholic Church posts £12m loss

The Roman Catholic Church lost €14.9 million (£11.9m) last year as “the negative trend of global financial markets did not allow targets to be met”, it revealed yesterday.

However, donations from the faithful around the world were up. 

Those donations, known as Peter’s Pence, rose 3 per cent to €69.7 billion in 2011.