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Corruption costing European economy €120bn a year



Corruption continues to be a challenge for Europe, says the first ever EU Anti-Corruption Report from the European Commission.

Affecting all EU Member States, corruption costs the European economy around €120bn per year. Member States have taken many initiatives in recent years, but the results are uneven and more should be done to prevent and punish corruption, the report maintains.

“The Report shows that the level of corruption varies from one Member State to another. But it also shows that corruption affects all EU Member States. One thing is very clear: there is no "corruption-free" zone in Europe,” commented Cecilia Malmström, EU Commissioner for Home Affairs.

"Corruption undermines citizens' confidence in democratic institutions and the rule of law, it hurts the European economy and deprives States from much-needed tax revenue. Member States have done a lot in recent years to fight corruption, but today’s Report shows that it is far from enough. The Report suggests what can be done, and I look forward to working with Member States to follow it up."
 

National chapters in English and in national languages are available here

 

Pic caption: © Uschi Hering | Dreamstime Stock Photos
 



Europe | Corruption

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