Italy's Draghi, with lucrative state pensions, renounces salary as PM

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Mario Draghi, who draws at least two generous state pensions and owns or part-owns around 10 houses, has said he will not receive any salary for his job as Italy's prime minister.

Italian politicians are obliged to publish their tax returns and Draghi took advantage of the occasion to announce that he was giving up the gross salary of around 110,000 euros that he had a right to as premier.Draghi's 2020 tax return, published late on Wednesday, showed he received gross income of 583,470 euros in 2019.

"However, it could also be seen as a populist gesture, so Draghi would have done better to explain it more fully," he added. Draghi, who is now 73, was 54 when he left the Treasury in 2001 to take up a top job with investment bank Goldman Sachs in London. He was 64 when he left the Bank of Italy.

 

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