If you enjoy the content at iBankCoin, please follow us on TwitterROME (AP) — A government-mandated report has confirmed what many Italians long suspected: The euro11,000 ($14,300) that Italian lawmakers earn each month far outpaces what their peers in some of Europe’s largest economies get.
Italy’s bloated public sector and the privileges of its political elite have come under fire as the country battles its debt crisis with tax hikes, labor market and pension reforms that are hurting ordinary Italians.
Premier Mario Monti has vowed to trim the cost of governing as part of his austerity measures, and has renounced his own salary as premier and economy minister.
The report, published Tuesday, looked at comparisons between labor costs for lawmakers in Italy compared to France, Germany, Spain, the Netherlands, Belgium and Austria. It also considered 34 public agencies in Italy to see if there were analogous ones in the other countries. The commission’s president hopes the findings will provide “food for thought.”