Gonzi defends Cachia Caruana €240,000 golden handshake
Opposition leader Lawrence Gonzi defends Richard Cachia Caruana's €239,085 severance pay.
"People should be judged according to the results they obtain and not by their wage packets," Opposition leader Lawrence Gonzi said this evening in a brief but vibrant speech in Parliament.
The Opposition leader said that foremer EU ambassador Richard Cachia Caruana was very successful in his job and augured that the Labour government obtains the same positive results on a European level.
Earlier this afternoon, Foreign Affairs Minister George Vella said that Malta's former permanent representative to the EU, Richard Cachia Caruana, had received €239,085.05 in terminal benefits when he resigned from the post late last year.
Vella said that the golden handshake was composed of his annual salary of €167,476.88, along with a three-month global emolument amounting to €36,453.23.
Vella also said that Cachia Caruana was compensated for 88 days of leave, which amounted to €35,154.92.
On top of that, Vella said, Cachia Caruana also benefited from a transitional allowance that will last for two years from the day of his resignation, which amounts to €5,923.67 monthly.
Speaking in Parliament, Gonzi said that Cachia Caruana was instrumental in helping Malta bag €1.28 billion in EU funds and explained that it was "absolutely normal" for .ambassadors' to receive termination benefits and allowances when their job is terminated.
Gonzi also hailed the Opposition's "historic" decision to vote in favour of the budget, describing it as a "sign of political maturity." On the other hand, he said the Labour Party had failed a similar test in December when it voted against the budget and discarded the option to file a no-confidence motion after securing the budget's approval in the country's interest.
Gonzi ended his speech by making reference to a Europen Commission economic monitoring report published earlier today, in which it said that Malta's economy was on a sound footing.
"What better certificate could the country get on the day the budget will be approved," Gonzi said, pointing out his previous administration's positive economic record.