According to an article I found on the BBC today, the Papal Latinist, Father Reginald Foster, fears that Latin is likely to cease to be used in the Catholic church before long. This is mainly because priests no longer have to study Latin at seminaries and are unable to read important theological texts. When bishops receive their appointment letters or letters of congratulation, which are written on parchment in Latin, many of them write back asking for a translation.
In Italy most school children are taught Latin for at least four hours a week up to the age of 18, though Father Foster criticises the teaching methods used as old-fashioned – he thinks Latin should be taught as a living language. Elsewhere in Europe, few schools teach Latin any more.