The High Cost Of Corruption In Europe

'Breathtaking' Corruption Costs EU Economy £100BILLION A Year And Greece And China Are Among The Worst Offenders -- Daily Mail

* Worst EU countries for corruption are Greece, Spain and Italy, a survey says
* Forty-three per cent of companies in Europe see corruption as a problem
* The least corrupt EU nations are Denmark, Finland and Sweden

Corruption is a problem for almost half the companies doing business in Europe, a survey by the European Commission said on Monday, and an increasing number of European Union citizens think it is getting worse.

The report places the EU, often portrayed as one of the globe's cleanest regions, in an unflattering light. Among businesses, belief is widespread that the only way to succeed is through political connections.

Experiences of corruption vary across the 28-country bloc. Almost all companies in Greece, Spain and Italy believe it is widespread, according to the report, the first by the Commission. Corruption is considered rare in Denmark, Finland and Sweden.

Read more ....

More News On The High Cost Of Corruption In Europe

'Breathtaking' EU corruption costs 120 bn euros a year -- AFP
Corruption Costs European Union 120 Billion Euros a Year, Study Finds -- New York Times
EC Releases 1st Anti-Corruption Report -- Novinite
Greeks United on View Their Country Is Corrupt, EU Survey Shows -- Bloomberg Businessweek
EU corruption report's big offenders: Romania, Bulgaria -- Christian Science Monitor
EU report: Corruption widespread in the bloc -- Al Jazeera
EU says corruption "breathtaking", with CEE among worst offenders -- BNE