Vatican Insider: WYD: The event cost 50 million Euros and was entirely self-financed

WYD has ended. Normally, this is a time for exclusively spiritual reflection, but this year a bit of financial analysis is required, as opponents of the event made its putative cost to the Spanish state an issue. Vatican Insider looks at the figures and finds that the reality does not agree with the charge: WYD 2011 was self-financed from pilgrim subscriptions and donations, and the economic impact of 1 million plus young people visiting Madrid cannot help but be a boon to the local economy Follow the link for the details.

Photo: EFE