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Reuters
Reuters
Business
By Giuseppe Fonte

Italy's Meloni tightens grip on post-COVID recovery plan management

European Union Giorgia Meloni Italy
FILE PHOTO: Italian Prime Minister Giorgia Meloni attends a joint news conference with European Council President Charles Michel at Chigi Palace in Rome, Italy, January 30, 2023. REUTERS/Guglielmo Mangiapane/File Photo

Italy on Thursday approved a decree tightening the grip of Prime Minister Giorgia Meloni's office on the country's post-COVID recovery plan, as Rome seeks to get full value from some 200 billion euros ($214 billion) in EU funding.

Rome has so far secured almost 86 billion euros of the European Union money it is due by 2026, but it is increasingly struggling to meet the so-called "targets and milestones" agreed with EU authorities to unlock funds.

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