Vatican bishop: Peter’s Pence not used to cover London investment losses
Bishop Nunzio Galantino, president of the Administration of the Patrimony of the Holy See (APSA), said Oct. 31 that the sum came instead from the Secretariat of State’s reserves.
Galantino told Avvenire, a newspaper owned by the Italian bishops’ conference, that “independent estimates” put the losses at 66-150 million pounds ($85-194 million).