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The Vatican faces significant financial challenges, particularly regarding its pension system, which risks unsustainability and could hinder future payments. In response, Pope Francis has appointed Cardinal Kevin Farrell to oversee pension reform and has implemented salary cuts for cardinals to pursue a "zero deficit" goal. Urgent structural measures are deemed necessary to ensure equitable pension coverage for current and future employees.
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Vatican faces financial crisis as pension system reform becomes urgent
13:32 21.11.2024
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