European Union

European Commission: Corruption Across the EU is 'Breathtaking'

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The extent of corruption in Europe is "breathtaking" and it costs the EU economy about 120bn euros (£99bn) annually, the European Commission says.

EU Home Affairs Commissioner Cecilia Malmstroem is now presenting a full report on the problem.

Writing in Sweden's Goeteborgs-Posten daily, she said corruption was eroding trust in democracy and draining resources from the legal economy.