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Europe Needs to Reduce Underground Economies, Fight Tax Evasion
April 30th, 2012
This morning, Larry Summers, former U.S. Treasury Secretary under President Clinton and former top economic advisor to President Obama, wrote that European austerity is holding back economic growth, which is making their sovereign debt problem worse, both in individual countries passing austerity budgets and on a continent-wide basis.
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Greece: The Cost of a Bribe
April 4th, 2012
To get to the bottom of corruption, Transparency International analyses a range of critical societal institutions (such as the business, media or political parties) and assesses their ability to prevent corruption. This ‘national integrity system’ assessment has been carried out in more than 70 countries worldwide, with 25 of the studies recently completed or being finalised across Europe. The Greece report finds that several “pillars” of the Greek anti‐corruption system have fundamental flaws, the most significant of which is a crisis of values, typified by broad scale acceptance of and participation in corruption.
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The Corruption Crisis in Greece
April 3rd, 2012
Greece's problems are so deep and structural that we there is no one cause or aggravating factor that you can point to and solve the problem by eliminating. However, there is plenty that we can do for Greece. We make it too difficult for Greece to track down corrupt money and either prevent it from fleeing the country or from being brought back home.
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