NEW YORK (NY)
Intrnational Business Times
Dec. 12, 2019
By Arthur Villasanta
One of Pope Francis’ major aims at the start of his pontificate was to transform the Catholic Church into a “poor church for the poor.” He now faces the painful reality that Peter’s Pence, which is supposed to be used to support the poor throughout the world, has been spent instead on buying luxury real-estate in London and financing the Holy See’s yawning budget deficit, a report by the Wall Street Journal noted.
The Holy See consists of the central administration of the Catholic Church and the global papal diplomatic network.
The Vatican itself describes Peter’s Pence in glowing terms as “a gesture of charity, a way of supporting the activity of the Pope and the universal Church in favoring especially the poorest and Churches in difficulty. It is also an invitation to pay attention and be near to new forms of poverty and fragility.”
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