#AceFinanceNews – GERMANY:Feb.19: The Roman Catholic archdiocese of Cologne has disclosed it is worth €3.35 billion ($3.82 billion), making it richer than the Vatican, Reuters said.
Cologne church officials announced their report on Ash Wednesday, the start of the Lenten period.
They said the extensive holdings helped care for 2 million Catholics, 60,000 staff and 1,200 churches and chapels.
#AceFinanceNews – USA:Feb.19: The final figures are in: The 2014 election was the most expensive midterm election in history, costing a grand total of $3.77 billion. But for the first time since 1990, fewer Americans donated money in this midterm election than the one before.
Simply put, more money went into the system, but fewer people provided it.
On Nov. 5, the Center for Responsive Politics projected the 2014 election would be the most expensive midterm ever based on how much was spent through early October. A new analysis taking into account year-end filings confirms that projection — and finds our estimate was low by roughly $104 million.
Among the most significant findings that can now be confirmed is that there were far fewer identifiable donors in the 2014 election than in the 2010 cycle.
To read the full report, click here.
#AceFinanceNews – GUINEA:Feb.19: Guinea Gets $37.7 Million In Extra IMF Financing to Help Combat Ebola. The IMF Executive Board approves release of $25.9 million to Guinea under the West African country’s existing IMF-backed program, and also boosts financing under the program by an extra $37.7 million, to help the country fight Ebola.
#AceFinanceNews – GREECE:Feb.19: Greek officials say the country has sent its proposals for a last-minute compromise that would break a deadlock with its European creditors over its frozen bailout program, the Associated Press reports.
No details were provided Thursday, although Athens has already said it will request an extension of the loan program that has kept it from bankruptcy since 2010.
Eurogroup president Jeroen Dijsselbloem tweeted: "Received Greek request for six months extension," without giving further details Thursday.
Greek shares rose 2% on the news in morning trading.
Contributions Courtesy of: USA Today.