Skip to comments.Transparency International: Corruption fuels eurozone crisis (therefore “more Europe”?!?)
Posted on 06/07/2012 11:53:03 AM PDT by Olog-hai
Gaps in governance and corruption undermine Europes financial and economic stability and have contributed to the eurozone crisis, a report presented yesterday (6 June) by Transparency International suggested.
The anti-corruption NGO said there is a strong correlation between fiscal deficits and corruption in crisis-hit countries such as Greece, Portugal and Spain. But countries considered the "cleanest of the clean" have also deficits in their anti-corruption framework.
Links between corruption and the financial and fiscal crisis should no longer be ignored, Transparency International (TI) said. Greece, Portugal and Spain were underscored as countries where "inefficiency, malpractice and corruption are neither sufficiently controlled nor sanctioned."
The transparency watchdog investigates in its report, titled Money, Politics, PowerCorruption risks in Europe, more than 300 national institutions across 25 states. "There is a huge variation across Europe", Cobus de Swardt, managing director of Transparency International said. "But no country comes out of the report performing well in all areas."
(Excerpt) Read more at euractiv.com ...
Fighting corruption needs to come from the top and that is where Europe fails the test.So IOW, this is calling for more centralization to solve the problem of corruption.
Cobus de Swardt, Managing Director of Transparency International
The obvious answer to big corrupt government is of course even bigger and more corrupt government.
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