Catholic Herald report– A diocese in Germany has greater assets than the Vatican, it has been revealed.
Cologne diocese published its 2013 accounts yesterday, the fourth of Germany’s 27 bishoprics to present an annual financial balance.
Cologne general-vicar Stefan Hesse presented the figures, showing that it has assets of €3.35 billion (£2.45 billion), which compares with Vatican assets of £2 billion.
More than two-thirds of Cologne’s assets are held in investments, including two housing companies owning 24,000 flats, some for low earners. Fr Hasse also said the income, mostly from the country’s church tax, was also used to help refugees and the homeless. The diocese also has real estate, including schools, seminaries and conference centres, worth £500m, in an area covering two million Catholics.
The German Church is hugely wealthy because registered Catholics must pay a share of their income tax towards the Church under a long-standing agreement dating back to the 19th century. In 2013, the Catholic Church in Germany received almost €5.5 billion (£4.6 billion) via the church tax.
Source: Catholic Herald
WHAT DO YOU THINK?- We have all sinned and deserve God's judgment. God, the Father, sent His only Son to satisfy that judgment for those who believe in Him. Jesus, the creator and eternal Son of God, who lived a sinless life, loves us so much that He died for our sins, taking the punishment that we deserve, was buried, and rose from the dead according to the Bible. If you truly believe and trust this in your heart, receiving Jesus alone as your Savior, declaring, "Jesus is Lord," you will be saved from judgment and spend eternity with God in heaven.
What is your response?
If you are not a Christian, and would like to become a Christian. Simply say - "LORD Jesus, thank you for forgiving me of my SINs, today I am deciding to follow you. Accept me into your family, in Jesus name I pray. Amen "
If you still have questions , click here to Contact Us, we are here to help
Unless otherwise specified, the news and opinions expressed are solely the source's and author's and do not necessarily reflect the views of The Christian Mail.