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Extent of corruption in Europe is 'breathtaking' and costs at least 120bn Euros

Tuesday, February 4th 2014 - 08:37 UTC
Full article 13 comments

The extent of corruption in Europe is “breathtaking” and it costs the EU economy at least 120bn Euros 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. Read full article

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  • Anglotino

    €120 billion worth of corruption in a €12.5 trillion economy.

    So less than 1% of GDP.

    But the headline sounds so much spectacular than saying less than 1% of GDP.

    Well corruption should have a light shone on it, so it's a start.

    Feb 04th, 2014 - 09:08 am - Link - Report abuse 0
  • Clyde15

    Having had dealings with the ”olive grove economies it doesn't surprise me.

    Feb 04th, 2014 - 11:07 am - Link - Report abuse 0
  • JohnN

    EU report website:
    http://ec.europa.eu/dgs/home-affairs/what-we-do/policies/organized-crime-and-human-trafficking/corruption/anti-corruption-report/index_en.htm

    For comparison, Transparency International's Corruption Perception Index website:
    http://ec.europa.eu/dgs/home-affairs/what-we-do/policies/organized-crime-and-human-trafficking/corruption/anti-corruption-report/index_en.htm
    .

    Feb 04th, 2014 - 01:55 pm - Link - Report abuse 0
  • Andy65

    She fails to mention the EU accounts have not been signed of for god knows how many years I wonder what that's down to??? It's OK blaming national governments but the actual EU is as corrupt as can be.

    Feb 04th, 2014 - 02:13 pm - Link - Report abuse 0
  • Conqueror

    Just what percentage of this corruption is down to EU Commissioners? Their various “cabinets”? Their bureaucrats? Their flunkies? That takes care of about €60 billion. Then there's Ashton and her “demands” for cars and aircraft. Another €10 billion. Where'd the rest go? Bribes? Small point, Anglolatino, the EU produces NOTHING except hot air and paper. Perhaps you could note that GDP stands for Gross Domestic Product. And, just to push it home, the EU produces NOTHING except hot air and paper. What you have is a bunch of failed political tosspots lining their pockets. Why does the European Union need a “Commission” or a “Parliament”? 800 tossers taking taxpayers'money for doing squat. No word of a lie, I'd shoot the lot. Then I'd line their lickspittle bureaucrats against a wall. One chance “Step forward if you are prepared to admit that you have been a thieving liar, but are prepared to mend your ways”. Shoot the rest. Fertiliser!

    Feb 04th, 2014 - 03:33 pm - Link - Report abuse 0
  • redp0ll

    No comments from Think in his turnip patch? As a Swede the lady would say that,wouldn't she?
    No comments from Chubut where the lady's mangelwurzel patch in Calafate has been super productive

    Feb 04th, 2014 - 05:10 pm - Link - Report abuse 0
  • Briton

    And it still has not been signed of for nearly a decade,
    the corruption is staggering,

    no wonder they want us to stay in,

    its probably our money they are wasting..lol

    Feb 04th, 2014 - 07:22 pm - Link - Report abuse 0
  • MagnusMaster

    Clearly Ms Malmstroem has never been to Argentina, or any truly corrupt country. Transparency and openness laws? Is she joking? A piece of paper is useless against corruption.

    Feb 04th, 2014 - 08:12 pm - Link - Report abuse 0
  • El Diego

    Hahaha - there is much more corruption in Europe than South America and that is now proven - it's sickening that the European people are misled in such a blatant way. What else could be expected from a continent that has created many wars, invented genocide, fascism, communism and racism. Could they once again be the source of the next world war ? It's very possible

    Feb 05th, 2014 - 02:50 am - Link - Report abuse 0
  • Clyde15

    #9
    Possibly true BUT it is concentrated in the Hispanic/Latino area.
    S.America has its populations recruited mainly from this part of the world.
    I wonder if they brought over their customs with them ?
    Genocide, racism and fascism....but these are YOUR ancestors who took these ideals to S.America.

    Feb 05th, 2014 - 10:23 am - Link - Report abuse 0
  • Anglotino

    Bahahahahahaha El Diego says:

    “there is much more corruption in Europe than South America and that is now proven”

    1% of GDP is higher than South America?

    WTF is he smoking?

    Feb 06th, 2014 - 08:19 am - Link - Report abuse 0
  • Pete Bog

    @9
    “What else could be expected from a continent that has created many wars, invented genocide, fascism, communism and racism”

    Which you did not reject when it was exported to you by Europeans.I would have thought that if you wanted to reject these European inventions, why did you replicate them in South America?

    Argentina has been good at genocide itself (take your pick,butchering its native population or throwing its own people out of aircraft in the 1970s-80s), fascism -Peronism took this flag from Europe and has kept it flying high since and you are racist to the Falkland Islanders because they do not speak Spanish as a primary language.

    Feb 06th, 2014 - 10:00 pm - Link - Report abuse 0
  • sceptic64

    #12
    - It wasn't 'exported' to them by Europeans: the Argentines etc are, in fact, Europeans; primarily of Spanish descent; and they themselves took the policy of systematic corruption with them.

    Look at Argentina; and look at Spain. Both basket-cases; both rife with corruption; both with foul, lying governments; and both vicious bullies, who get off on attacking a tiny population, but back off as soon as someone their own size comes knocking. Devious and cowardly. Clearly a national trait.

    Feb 06th, 2014 - 11:41 pm - Link - Report abuse 0

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