Pope Leo is turning to conservative American Catholics and megadnolls lined up in the Maga to stabilize the Vatican’s tense balance sheet.
The new Pope reportedly works behind the scenes and is reconnecting with major US donors, which have lost support in recent years. It has been reported. Catholic President John Yep reported that its decline followed Pope Francis’ more liberal teachings and widespread dissatisfaction due to a series of corruption scandals, including the failure of Vatican Bank’s investment in London’s real estate. (Related: Pope Leo XIV criticizes nationalism and repeats a familiar call to peace without naming it)
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An insider told Politico that during the Conclave Pope Leo was seen as someone with the economic sensibility to rebuild these high-level benefactors and trust. His election came as the Vatican showed that he had carried out a deficit of 83 million euros in 2024. It has been reported. US donations – the single source of historically external support – have dropped sharply.
“When I talk to some of the nation’s biggest donors, they’re absolutely thrilled,” one conservative Catholic leader told Politico, but no large donations have been confirmed yet.
Leo has already made symbolic moves to appeal to traditionalists, such as returning to historic Pope residences and accepting the Latin liturgy. His election also coincided with “America Week” which had a lot of donors. event It is reportedly that up to 1 billion euros have been pledged in Rome.
Leo shows interest in reform, but appears to be focusing on a revenue revival first. His administration has already approved staff bonuses and has begun reviewing the church’s real estate portfolio to identify new income opportunities.
