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EU Commission: Corruption Across EU Costs €120 Billion 196

cold fjord writes with news that the EU has completed its first report on corruption in member states, and the results aren't looking too good. From the article: "'The extent of corruption in Europe is 'breathtaking' and it costs the EU economy at least 120bn euros (£99bn) annually, the European Commission says. EU Home Affairs Commissioner Cecilia Malmstroem has presented a full report on the problem. She said the true cost of corruption was 'probably much higher' than € 120bn. Three-quarters of Europeans surveyed for the Commission study said that corruption was widespread, and more than half said the level had increased. 'The extent of the problem in Europe is breathtaking, although Sweden is among the countries with the least problems,' Ms Malmstroem wrote in Sweden's Goeteborgs-Posten daily. The cost to the EU economy is equivalent to the bloc's annual budget. For the report the Commission studied corruption in all 28 EU member states. The Commission says it is the first time it has done such a survey. "
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EU Commission: Corruption Across EU Costs €120 Billion

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  • by SlippyToad ( 240532 ) on Tuesday February 04, 2014 @01:47AM (#46147513)

    such as that obamacare website that cost the taxpayers hundreds of millions - a website assigned to a company without any open bidding

    I thought smart people came to Slashdot. I didn't realize Fixed News Fuckwits were paid to troll here too.

    You should have sharted. It would have been more useful than your ODS garbage.

  • by GoodNewsJimDotCom ( 2244874 ) on Tuesday February 04, 2014 @02:02AM (#46147565)
    I think Main Gauche is more correct. What you don't see about political corruption is that the losses invest in themselves for more losses down the road. Borrow 1 trillion to stimulate the economy, but you really just paid off your buddies? Well that 1 trillion is gone, but you'll have to pay interest on it constantly. Institute corrupt policies on education, and you reap the losses of having stupider people. Corruption isn't just 100 billion dollar bad. If it was, any steadfast leader would pay it each year to remove it. Corruption is destroy your government, society, and civilization bad, and in the short run people's lives can be ruined.
  • by MachDelta ( 704883 ) on Tuesday February 04, 2014 @02:08AM (#46147595)

    ...which is why those hardcore libertarians running Sweden are counted "among the countries with the least problems," right?

  • 120Billion? (Score:2, Insightful)

    by hackus ( 159037 ) on Tuesday February 04, 2014 @02:39AM (#46147689) Homepage

    Try like 38 Trillion if you do a little Math on the LIBOR rigging.

    None of these people EVER go to jail.

    Remember that when you go to get a small business loan and want to work for yourself, instead of going on Welfare and working 50 hour weeks at 4 different jobs.

    Sorry we can't give you a loan, you are not Microsoft, or McDonalds.

  • Too much inclusion (Score:3, Insightful)

    by hooiberg ( 1789158 ) on Tuesday February 04, 2014 @03:18AM (#46147757)
    That is what happens when the EU keeps including all kinds of countries in south and eastern Europe that do not have their affairs in order. Where human rights are for those who can afford them and where government employees need the extra tidbits to make a living. And north western Europe pays the cost of it.
  • by YoungManKlaus ( 2773165 ) on Tuesday February 04, 2014 @04:43AM (#46147937)

    tons of stuff that is called corruption over here is seen as harmless lobbying and such on the other side of the pond.

  • by Xest ( 935314 ) on Tuesday February 04, 2014 @04:45AM (#46147947)

    If that's the cost of bringing those nations up to Western European or even Scandinavian standards then what's the problem?

    No one's under any illusion that expansion means bringing countries into the EU with problems, in fact, that's kind of the point. The goal is to sort them out and hence make Europe ever stronger.

    I live in Western Europe, I always have, and I'm happy to pay that cost. It's nice to know we're living on an ever more secure and ever more prosperous continent. Far better than the alternative of having constant repeats of Yugoslavia on our borders over and over and over which cost far more again in terms of military effort to contain or defuse the problem, far higher cost in terms of lives, and far higher cost in terms of ever more desperate people emigrating West trying to escape the war not able to bring anything with them, not even an education, because even their schools had been bombed.

  • by FriendlyLurker ( 50431 ) on Tuesday February 04, 2014 @04:46AM (#46147949)

    Corruption isn't just 100 billion dollar bad. If it was, any steadfast leader would pay it each year to remove it. Corruption is destroy your government, society, and civilization bad, and in the short run people's lives can be ruined.

    Exactly. And that is before we factor in the cost in human lives. For example see the incredible increase in suicide rates in Spain in the wake of its scandalous banking and housing corrupticon, wheremajority of the top bankers and politicians [wikipedia.org] have been implicated or sentenced but not jailed in corruption cases.. It got so bad that the bailed out banks were forced to tone down their house repossessions [huffingtonpost.com] as pensioners were leaping from the windows to their deaths when the police came knocking to throw them out into the street. (tone down, not stop).

    Isn't it funny that you almost never see a graphic displaying suicide statistics, especially lately. If there is one statistic a corrupt politician does not want the common folk to see too often, this must be it...

  • by erikkemperman ( 252014 ) on Tuesday February 04, 2014 @05:31AM (#46148087)

    We do not have "corruption commission" in the States, therefore we do not have any solid figure of how much corruption is costing the American taxpayers.

    I hear you guys call this "campaign contribution". Maybe that will help you find some figures -- I am told they are rather outlandish.

  • by Eunuchswear ( 210685 ) on Tuesday February 04, 2014 @05:52AM (#46148151) Journal

    BTW, in socialist countries, welfare is a kind of bribe, it keeps the poor masses living on those welfare payment in line, making sure they keep voting for the political parties who keep promising them the best short-term deal.

    Because Denmark, Finland, Luxembourg and Sweden are well known for their "poor masses".

  • by daem0n1x ( 748565 ) on Tuesday February 04, 2014 @06:47AM (#46148307)

    Don't worry, the biggest difference is that corruption is legal in the US, while it's illegal in the EU. Apart from that detail, it's business as usual.

    It's funny that it's the European Commission talking about corruption. All top-level politicians in Europe are in bed with the business world. They keep trying to pass corporate-friendly legislation and create new tax-evasion routes. Sometimes, it's so blatant that they have to retreat. Often, these legislations pass undetected. Politicians spend some time in public office acting as corporate moles. After that, they are given comfortable positions in corporations as a reward for their good services. This behaviour is publicly known and, honestly I can't see any way out of this shit. If someone tries to change anything, they'll come up with some "sexual scandal" to silence him. Just look at what happened to Hollande because of the tax raises on the rich.

    Europe is fucked, just like the USA. The foxes took over the hen house.

  • by daem0n1x ( 748565 ) on Tuesday February 04, 2014 @08:47AM (#46148725)

    Having a mistress is not a scandal. What people do in their private sexual lives is not my business. It's a shame that the American puritanism has managed to come across the pond and is being used as a political weapon here in Europe.

    Maybe this is a strange concept for you Americans, but most Europeans don't give a fuck about politician's private lives. It's what they do at their work that matters. Anything else is just diversion used by the hidden powers for manipulation.

Trap full -- please empty.