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  • (Eric) Holder: Combating corruption 'one of great struggles of our time'

    05/31/2010 1:08:29 PM PDT · by maggief · 47 replies · 898+ views
    The Hill ^ | May 31, 2010 | Bridget Johnson
    Attorney General Eric Holder told an audience in Paris on Monday that he and President Barack Obama are committed to battling corruption as "one of the great struggles of our time." Holder, addressing the 35-nation Organisation for Economic Co-Operation and Development, said the World Bank estimates that more than $1 trillion in bribes are paid out each year. "Put simply, corruption undermines the promise of democracy," Holder said. "It imperils development, stability, and faith in our markets. And it weakens the rule of law."