KILL: Corruption making euro debt crisis worse: NGO

1st December 2011, Comments 0 comments

Corruption is hampering efforts to tackle the eurozone debt crisis, a top anti-graft watchdog said Thursday, as Greece and Italy scored badly in a list of nations seen to be the most sleaze-ridden.

The economic dramas in the euro area have happened "partly because of public authorities' failure to tackle the bribery and tax evasion that are key drivers of the debt crisis," said the Berlin-based Transparency International (TI).

On a scale of zero (perceived to be highly corrupt) to 10 (thought to have little corruption), Italy scored 3.9 and Greece 3.4, ranking 69 and 80 respectively in the list of 182 countries.

Robin Hodess, TI's research director, said the eurozone crisis "reflects poor financial management, lack of transparency and mismanagement of public funds."

"There is a strong link between poor performance in terms of perceptions of corruption and broader issues around economic governance," added Hodess in an interview with AFP.

When graft is widespread, "people feel the pinch at all levels," she added, calling on Rome and Athens to do "much more" in fighting graft.

Globally, war-torn Somalia and North Korea were joint bottom of the list, perceived to be the world's most corrupt countries, with a score of 1.0.

Iraq climbed a few places up the list but was still close to the bottom at 175th and Afghanistan remained rooted at 180th despite efforts to curb bribery and corruption there. Libya was 168th.

Most Arab Spring countries ranked in the lower half of the index, scoring below 4.

TI said it had warned before the revolutions in the region that "nepotism, bribery and patronage were so deeply ingrained in daily life that even existing anti-corruption laws had little effect."

At the other, more virtuous, end of the scale, New Zealand topped the ranking with 9.5 points, coming just ahead of Denmark, Finland, Sweden and Singapore.

© 2011 AFP

0 Comments To This Article