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Vatican: No default but “difficult days”

In a May 13 Vatican News interview with Andrea Tornielli, the editorial director of the Dicastery for Communications, Jesuit Father Antonio Guerrero Alves, who last year succeeded Cardinal George Pell as prefect of the Secretariat for the Economy, said the “most optimistic calculate a decrease in revenue of around 25 percent, the most pessimistic, around 45 percent.”