Sr Lioba Zahn, from the convent of Mariendonk in Germany, ended up on the front page of the Wall Street Journal. Her merit was to have redressed the finances of the monastery: for afterthe European Central Bank cut its interest rates the revenue of the nuns wasdramatically reduced. So after discussing the matter with the abbess and her sisters the 54-year-old Sr Lioba (who had studied psychology) began to devour the financial pages, thus successfully managing a portfolio of two million euros. From Sr Lioba, the abbess says, she learned a lot about finance: “And I learned that we have really strong nerves; indeed there is no other way to survive in this market”.
St. Peter’s Square
Aug. 21, 2019
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