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Harry Cassin
Publisher and Editor

Andy Spalding
Senior Editor

Jessica Tillipman
Senior Editor

Bill Steinman
Senior Editor

Richard L. Cassin
Editor at Large

Elizabeth K. Spahn
Editor Emeritus

Cody Worthington
Contributing Editor

Julie DiMauro
Contributing Editor

Thomas Fox
Contributing Editor

Marc Alain Bohn
Contributing Editor

Bill Waite
Contributing Editor

Shruti J. Shah
Contributing Editor

Russell A. Stamets
Contributing Editor

Richard Bistrong
Contributing Editor

Eric Carlson
Contributing Editor

TI Report Links European Graft To Debt Woes

A new report released by Transparency International Wednesday linked corruption in Europe with debt problems there. Greece, Spain, and Portugal were named as economies most threatened by graft and debt.

The Wall Street Journal quoted Finn Heinrich, TI’s research director, as saying: ‘The reasons for the [debt] crisis differ from country to country, but countries that are worst hit by the crisis are also those where corruption is most pervasive and where there’s a lack of integrity in the public system.’

We looked at the correlation between corruption and debt last year for the Eurozone countries, using their cpi rankings. The countries with impending debt headaches — Spain, Portugal, Italy, and Greece — were at the bottom.

TI’s full report called Money, Power, Politics: Corruption Risks in Europe can be viewed here.

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