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Monday, January 19, 2009

Vatican City

Vatican City - Is officially known as the State of the Vatican City. Vatican City is a European Country and is completely surrounded by Italy, territory consists of a walled enclave within the city of Rome. The territory of Vatican City is part of the Mons Vaticanus, and of the adjacent former Vatican Fields where St. Peter's Basilica, the Apostolic Palace, the Sistine Chapel, and museums were built, along with various other buildings. The area was part of the Roman rione of Borgo until 1929. Being separated from the city, on the west bank of the Tiber river, the area was an outcrop of the city that was protected by being included within the walls of Leo IV, and later expanded by the current fortification walls of Paul III/Pius IV/Urban VIII. Popes in their secular role ruled portions of the Italian peninsula for more than a thousand years until the mid 19th century, when many of the Papal States were seized by the newly united Kingdom of Italy. In 1870, the pope's holdings were further circumscribed when Rome itself was annexed. Disputes between a series of "prisoner" popes and Italy were resolved in 1929 by three Lateran Treaties, which established the independent state of Vatican City and granted Roman Catholicism special status in Italy. Vatican City's noncommercial economy is supported financially by an annual contribution (known as Peter's Pence) from Roman Catholic dioceses throughout the world, US, UK, Asia, Africa, South America and Europe; by the sale of postage stamps, coins, medals, and tourist mementos; by fees for admission to museums; and by the sale of publications. Investments and real estate income also account for a sizable portion of revenue.

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