Credit crunch could empty some Australian pulpits
Sydney - The Anglican Church in Australia said Monday it had been humbled in the global credit crunch and might have to lay-off staff.
"The global financial crisis is obviously starting to have an impact on a lot of not-for-profit organizations and agencies, and ... we've been caught up in that," church finance chief Kevin Spackman said.
The church said it was reliant on investment income and this was likely to fall drastically. It also admitted to not managing its money as well as it might.
Archbishop of Melbourne Philip Freier lashed out at Australians for picking charities rather than churches for their donations.
"I do find it curious that most giving looks to be tied to the expectation of tax deductibility," the archbishop said. (dpa)