Economic Impact of Corruption in Greece in 2010

in Business Risk

The effects of corruption in Greece caused $753 Million (532 Million Euros) in 2010, down from $1.1 Billion (787 Million Euros) in 2009.

The most corrupt institution in the country were hospitals and tax offices, according to Transparency International.

Source: Associated Press, “Transparency watchdog: corruption falls in Greece,” Bloomberg BusinessWeek, March 15, 2011.

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