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Weak Dollar Sends Vatican to $14.5M Loss

Catholic church blames declining greenback as it goes into the red

By Jason Farago,  Newser Staff

Posted Jul 11, 2008 8:19 AM CDT

(Newser) – The weak dollar has wreaked havoc on business across Europe, but one organization has posted a surprising loss: the Vatican. The Catholic Church blamed the declining greenback for its first loss in 4 years as it ended the year $14.5 million in the red....   Read full story »

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