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Vatican Watch
May
Though major deficits projected, Vatican says Holy See not at risk of default
The new head of the Holy See’s financial office said the Vatican is not at risk of fiscal default, even while reports in the Italian media indicate dire deficit projections for the Holy See.
Speaking to Vatican Media May 13, Jesuit Fr. Juan Antonio Guerrero Alves said the Holy See is sure to see its deficit grow due to the coronavirus pandemic, but is not in danger of default.
“That doesn’t mean that we are not naming the crisis for what it is. We’re certainly facing difficult years,” the priest said. ....

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