Prime Minister Matteo Renzi will find bread for his teeth in the research that R&S Mediobanca will present this afternoon on local utilities and which over the years has become a real cult in the sector. The research will deeply probe the balance sheets and strategies of the former municipal companies, highlighting their strengths and weaknesses.
As in all years, the ranking of profits and losses emerging from the analytical study of the financial statements is particularly awaited and will demonstrate once again that there are local utilities that are very efficient and open to the market and others that act as genuine local monopolies, a sort of small IRIs, which are often nothing more than the long arm of local politics that uses them to create patronage jobs, distribute contracts to friends of friends or occupy seats.
The study, conducted with the traditional highly rigorous criteria of Mediobanca, will offer an updated cross-section of the more than one hundred of the major local utilities and will probably become the basis for a reform measure that the Government intends to present as soon as possible.
