Down to the Wire: Just $8,713 left to match to win our Challenge Grant. Your gift will still be doubled!
Click here to advertise on CatholicCulture.org

Orthodox church in Cyprus will mortgage assets to help bail out country

Catholic World News - March 20, 2013

The head of the Orthodox Church of Cyprus has announced that the church will mortgage its assets and invest in bonds in an effort to pave the way for an international bailout of the financially-troubled nation.

Archbishop Chrysostomos II’s announcement followed a decision by the nation’s legislature not to confiscate bank deposits.

Additional sources for this story
Some links will take you to other sites, in a new window.

An appeal from our founder, Dr. Jeffrey Mirus:

Dear reader: If you found the information on this page helpful in your pursuit of a better Catholic life, please support our work with a donation. Your donation will help us reach seven million Truth-seeking readers worldwide this year. Thank you!

Our Fall Campaign
Progress toward our year-end goal ($60,947 to go):
$150,000.00 $89,053.12
41% 59%
Sound Off! CatholicCulture.org supporters weigh in.

All comments are moderated. To lighten our editing burden, only current donors are allowed to Sound Off. If you are a donor, log in to see the comment form; otherwise please support our work, and Sound Off!

There are no comments yet for this item.

Fall 2014 Campaign
Subscribe for free
Shop Amazon
Click here to advertise on CatholicCulture.org

Recent Catholic Commentary

Getting Marriage Right 0 hours ago
O Earthly Lord, vouchsafe to us high speed Internet. 3 hours ago
No 'Francis effect' in Strasbourg 6 hours ago
What Pope Francis told European Parliament, and what Pope John Paul II said 9 hours ago
Public perception demands a way of mercy 24 hours ago

Top Catholic News

Most Important Stories of the Last 30 Days
Pope Francis: Europe seems 'elderly and haggard' CWN - 11 hours ago