- Emerging truths
Elaborate preparations to mark the seventieth anniversary on Tuesday of the liberation of Auschwitz-Birkenau highlight how Poland has begun to acknowledge its own anti-Semitic past and to recognise that it has a Jewish question, too
- Home News
- World News
- Parish Practice
- Letters Extra
- The living Spirit
- Van Rompuy: Britain would impoverish and isolate itself by stepping out of European Union
- Masses cancelled and Catholic schools closed in Niger as Muslim protestors torch churches
- 200 key Cafod supporters urge charity to rethink £3m cost-cutting drive that will cost 50 jobs
- Archbishop Tartaglia in Spanish hospital after suffering heart attack
The German Church's Weltbild publishing house, which was suspended two years ago for selling pornographic books, said it had staved off insolvency by obtaining a new €60 million (£50.3m) investment from Catholic dioceses.
Germany's Frankfurter Allgemeine Zeitung (FAZ) said the money had been put up by 12 share-holding dioceses, as well as the Church's Berlin-based military chaplaincy and Association of German Dioceses.
The daily added that the investment would enable the Augsburg-based company to close a "liquidity gap" in time for the Christmas season and return to profitability after further restructuring by 2015. Employing 6,800, Weltbild enjoyed annual sales of €1.6 billion (£1.3bn) until it was exposed in 2011 for selling pornographic books alongside its religious titles. Its chairman, Carel Halff, later apologised for "mistakes and oversights" by the firm, Germany's third largest book retailer.
In its report, FAZ said Bavaria's Munich-Freising Archdiocese had put up half the latest investment, while two other dioceses, Mainz and Hildesheim, had bought shares for the first time.