With Christmas bells ringing out in Europe - even their melodic chimes can't muffle the boom of austerity, as biting cuts have even reached the inner sanctum of the Catholic church, the Vatican.<br /><br />RT LIVE http://rt.com/on-air<br /><br />Subscribe to RT! http://www.youtube.com/subscription_center?add_user=RussiaToday<br /><br />Like us on Facebook http://www.facebook.com/RTnews<br />Follow us on Twitter http://twitter.com/RT_com<br />Follow us on Google+ http://plus.google.com/+RT<br /><br />RT (Russia Today) is a global news network broadcasting from Moscow and Washington studios. RT is the first news channel to break the 500 million YouTube views benchmark.
