Financial Transparency Coalition

Reposted from the TJN blog: Sometimes a picture speaks more clearly than words can. Now, courtesy of something that FT Alphaville has just pointed out, we bring you this: Look at all those jurisdictions inside the black circle. All secrecy jurisdictions, except for France and Germany. Widen the circle a little, and look at the

Though Ireland is the European country headlining this week with words like “DEFAULT” and “CONTAGION” looming overhead, let’s not forget that the flames have not yet been completely doused on Greece. To prevent the country from defaulting on its debt, this May the International Monetary Fund and the European Union promised to provide Greece with a €110 billion rescue package. But in the terms of this agreement, Greece was to meet certain deficit goals: including reducing the budget deficit to 7.6% of GDP (earlier this year the IMF estimated the Greek deficit was 8.6 percent in 2009,...

Global Financial Integrity Lead Economist Dev Kar examines the role of illicit financial flows (IFFs) in the Greek debt crisis. IFFs cost Greece an estimated US$160 billion over the last decade.

Greece has been in the news a lot lately and as we all know, it has not been good news. By all accounts, the austerity measures being imposed on the population as a condition...

WASHINGTON (AP) — Many Americans know that China holds the most U.S. Treasury debt, followed by Japan. But who would expect a group of Caribbean countries would collectively come in fifth?