Vatican pension deficit estimated at 1.4 billion euros — 10 years ago
Vatican officials warned the fund would be 'unmanagable' in a decade, ten years before Pope Francis warned of 'difficult decisions' to come.
The Holy See pension fund had an unfunded liability of almost 1.5 billion euros a decade ago, according to internal Vatican financial reports obtained by The Pillar.
The same documents show that Vatican financial authorities proposed measures to address the pension problem in 2015, …