These are the world’s least – and most – corrupt countries

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Josephine Moulds, Freelance business journalist Denmark is the least corrupt nation in the world, according to an index which suggests corruption is contributing to a crisis in democracy around the world. The Nordic nation is followed closely by New […]

Corruption In The Balkans Is Impeding EU Membership

This article was co-authored for The European Sting by our readers Dr. Alon Ben-Meir and Arbana Xharra. The opinions expressed within reflect only the writers’ views and not The European Sting’s position on the issue. The six Western Balkan countries —Serbia, Bosnia and Herzegovina, Kosovo, Macedonia, Montenegro, and Albania, are “state captured” by corrupt politicians, linked with organized crime. […]

Is this the way to finally beat corruption?

This article is brought to you thanks to the strategic cooperation of The European Sting with the World Economic Forum. Author: Isabel Cane, Project Lead, Partnering Against Corruption Initiative (PACI), World Economic Forum Corruption is a dirty word. The very definition of it is contested, its existence constantly denied and when you get close to shedding enough light on […]

IMF: How To Deal With Failed Banks

This article is brought to you in association with the International Monetary Fund Written by Deniz Igan, July 3, 2018 During the global financial crisis, policymakers faced a steep trade-off in handling bank failures. Using public funds to rescue failing banks (bail-outs) could weaken market discipline and lead to excessive risk taking—the moral hazard effect. […]

IMF’s Lagarde: Ukraine must fight corruption

This story is brought to you in association with the International Monetary Fund Statement by the IMF Managing Director on Ukraine, June 19, 2018 Christine Lagarde, Managing Director of the International Monetary Fund (IMF), and Petro Poroshenko, President of Ukraine, spoke yesterday about recent events. Following the call, Ms. Lagarde issued the following statement: “I […]

From Shadows to Sunlight, Paraguay’s Road to Transparency

This article is brought to you in association with IMF Blog Current Paraguayan Finance Minister Lea Giménez Duarte knows first-hand that transparency pays off. In this podcast, Duarte says the changes began after the government passed a transparency law in 2014. “We started to rethink about how we manage resources, and why it’s important for […]

#TwitterisblockedinTurkey and so is Erdogan

Last Thursday night Turkey’s Prime Minister Recep Tayyip Erdogan officially ‘declared war’ to Twitter. With a public, old authoritarianism-scented speech at late evening, he announced that he wants to “eradicate Twitter”, adding that the social media platform is a “menace” and he’s “not interested in what the international community says”. “They will see the power […]

The EU Commission fails to draw the right conclusions about corruption

Cecilia Malmström, EU Commissioner for Home Affairs presented yesterday the first EU Anti-Corruption Report. The Commission estimates that corruption costs €120 billion a year to the European economy. This could be a very low approximation of reality though, because the vast majority of EU citizens believe that among politicians at national, regional, local and EU […]

Parliament sets up plan to fight the 3,600 criminal rings of EU

A special purpose Committee of the European Parliament adopted this week a package of measures to fight organised crime, corruption and money laundering, setting out an EU action plan for 2014-2019. Blocking organised crime’s financial assets and incomes are on top of the list. This special Committee on Organised Crime, Corruption and Money Laundering of […]

The Commission accused of tolerating corruption and fraud in taxation

The European Commission published yesterday a study on Value Added Tax (VAT) evasion and fraud in the 27 EU member states, estimating the lost state incomes from this source at €193 billion only in one year, 2011. This is the difference between the actuall and the potential receipts from VAT, that is the VAT GAP. […]