Thursday, December 1, 2011

Italy, Greece Among Worst Euro Nations in Corruption Ranks

Bloomberg
December 1, 2011

Italy and Greece scored the lowest among euro-area countries in a global corruption ranking as their inability to tackle graft and tax evasion exacerbated the debt crisis, watchdog group Transparency International said.

Italy came in 69th and Greece placed 80th, down from 67th and 78th respectively in the 2010 ranking, the Berlin-based group’s Corruption Perceptions Index showed today. Ireland dropped five places to 19th, earning a score of 7.5 out of 10, a drop from 8 points in last year’s ranking, Transparency said.

“Euro-zone countries suffering debt crises, partly because of public authorities’ failure to tackle the bribery and tax evasion that are key drivers of debt crisis, are among the lowest-scoring EU countries,” the group said in the report.

Europe’s engulfment in the sovereign-debt crisis has exposed the failure of indebted governments to raise revenue and tackle reforms, prompting crowds of protesters to fill the streets to demand their ouster. Italy’s Silvio Berlusconi resigned as prime minister last month, two days after his Greek counterpart, George Papandreou, was forced out.

More

No comments: