FX Signals Italian government faces criticism

ROME (Reuters) – Italian Prime Minister Mario Draghi’s government is facing criticism for hiring consulting giant McKinsey to help it rewrite plans for spending the European Union funds aimed at rebuilding the economy.

The government said on Saturday it had signed a 25,000 euro ($30,000) contract with McKinsey to look at the issue. It did not give details of how much work the firm would do, but the sum is very small by the standards of consulting firm costs.

With time running out, the Economy Ministry said in a statement that it had asked McKinsey to assess the plans already prepared by the other EU countries and to provide “support for monitoring the finalization of the (Italian) Plan”.

News about the contract was leaked by Italian Radio Popolare on Friday and sparked criticism on Twitter from lawmakers of Draghi’s coalition, which includes parties from the left to right.

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“Any changes to the Recovery Plan governance must be told and explained to the parliament,” tweeted former deputy Economy Minister Antonio Misiani, a lawmaker from the ruling Democratic Party (PD).

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Stefano Fassina, a deputy for the LEU party, called the move “humiliating” for administration civil servants and said it removed political accountability.

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The Economy Ministry said in its statement that every decision regarding the Recovery Plan remained with the competent public administrations.

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The European Commission will disburse the money in installments dependent on the government reaching milestones and meeting benchmarks. FX Signals Italian government faces criticism

($1 = 0.8391 euros)
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FX Signals; Italian government faces criticism

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FILE PHOTO: The logo of consulting firm McKinsey and Company is seen at the high profile startups and high tech leaders gathering, Viva Tech,in Paris, France May 16, 2019. REUTERS/Charles Platiau

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