German Catholic archdiocese reveals it's richer than Vatican

February 19, 2015 3:49 PM

4 0

PARIS Feb 19 (Reuters) - The Roman Catholic archdiocese of Cologne in Germany has disclosed it is worth 3.35 billion euros ($3.82 billion), making it richer than the Vatican.

Publication of the first full report of its wealth reflects greater financial transparency within the German Church since Pope Francis removed a bishop in Limburg, near Frankfurt, last year for spending 31 million euros from secret funds on a new luxury residence.

Also read: Harley-Davidson says laid off temp workers last quarter

Read more

To category page