Borachio
Way past lunacy
- Joined
- Jan 31, 2012
- Messages
- 26,698
http://www.bbc.co.uk/news/world-europe-26014387
That's a lot of money going astray, isn't it?
And yet it's not wasted money, is it? I mean, it doesn't just disappear. Somebody's got it. And presumably it still has an effect on the economy, and well-being of real people.
Still, maybe my attitude is just too lackadaisical.
Here's looking at you: Greece, Spain, Portugal, Italy, Lithuania, Czech Republic, and... everyone really.
The extent of corruption in Europe is "breathtaking" and it costs the EU economy at least 120bn euros (£99bn) annually, the European Commission says.
EU Home Affairs Commissioner Cecilia Malmstroem has presented a full report on the problem.
She said the true cost of corruption was "probably much higher" than 120bn.
Three-quarters of Europeans surveyed for the Commission study said that corruption was widespread, and more than half said the level had increased.
"The extent of the problem in Europe is breathtaking, although Sweden is among the countries with the least problems," Ms Malmstroem wrote in Sweden's Goeteborgs-Posten daily.
The cost to the EU economy is equivalent to the bloc's annual budget.
That's a lot of money going astray, isn't it?
And yet it's not wasted money, is it? I mean, it doesn't just disappear. Somebody's got it. And presumably it still has an effect on the economy, and well-being of real people.
Still, maybe my attitude is just too lackadaisical.
Ms Malmstroem said corruption was eroding trust in democracy and draining resources from the legal economy.
"The political commitment to really root out corruption seems to be missing," she complained.
The Commission highlighted that:
- Public procurement (public bodies buying goods and services) forms about one-fifth of the EU's total output (GDP) and is vulnerable to corruption, so better controls and integrity standards are needed
- Corruption risks are generally greater at local and regional level
- Many shortcomings remain in financing of political parties - often codes of conduct are not tough enough
- Often the existing rules on conflicts of interest are inadequately enforced
- The quality of corruption investigations varies widely across the EU
Here's looking at you: Greece, Spain, Portugal, Italy, Lithuania, Czech Republic, and... everyone really.