Corruption affects all member countries of the European Union and costs the bloc's economies around $162.19 billion a year, an official EU report published on Monday said.
European commissioner Cecilia Malmstrom, who presided over the first official EU-wide study on corruption, said the estimated amount lost annually due to padded government contracts, covert political financing, bribes to secure health care and other corrupt practices would be enough to fund the European Union's yearly operating budget.
All 28 EU member states suffer from some level of corruption, the report found.
"There are no corruption-free zones in Europe," Malmstrom told a news conference. "We are not doing enough. And this is true for all member states."
The study does not rank countries according to the prevalence of corrupt practices, but Malmstrom acknowledged some of the "younger democracies" in eastern Europe face special challenges. The report includes a breakdown of each EU member nation's problems and success stories. Full story...
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European commissioner Cecilia Malmstrom, who presided over the first official EU-wide study on corruption, said the estimated amount lost annually due to padded government contracts, covert political financing, bribes to secure health care and other corrupt practices would be enough to fund the European Union's yearly operating budget.
All 28 EU member states suffer from some level of corruption, the report found.
"There are no corruption-free zones in Europe," Malmstrom told a news conference. "We are not doing enough. And this is true for all member states."
The study does not rank countries according to the prevalence of corrupt practices, but Malmstrom acknowledged some of the "younger democracies" in eastern Europe face special challenges. The report includes a breakdown of each EU member nation's problems and success stories. Full story...
Related posts:
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