Cost of corruption across EU equals its annual budget – EU Commission

Corruption in the EU costs the economy 120 billion euro per year – equivalent to the EU’s annual budget, EU Home Affairs Commissioner Cecilia Malmstroem said when presenting a new report, adding that “there are no corruption-free zones in Europe.”

The first of its kind report examines all 28 member states and looks into existing measures, problems and successful policies to provide further recommendations.

corruption-europeThe extent of EU corruption is “breathtaking,” Malmstroem told Sweden’s Göteborgs-Posten newspaper following the report’s release on Monday.

Just over three quarters of those surveyed for the EU Anti-Corruption Report at the EU level said that they believe corruption is widespread in their own country, with more than half adding that the levels of corruption increased.

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Categories: Europe, European Union

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