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'Deep-rooted corruption is a part of reality in many countries,' says EU home affairs commissioner Cecilia Malmstrom (Photo: European Commission)

€120 billion lost to corruption in EU each year

An estimated €120 billion is lost to corruption each year throughout the 27 member states, the EU commissioner for home affairs Cecilia Malmstrom has said.

“In public procurement, studies suggest that up to 20 to 25 percent of the public contracts’ value may be lost to corruption,” said Malmstrom on Tuesday (5 March) at an anti-corruption seminar in Göteborg, Sweden.

The Berlin-based Transparency International (TI) noted in a report out in the 2012 that the worse offenders in publ...

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Author Bio

Nikolaj joined EUobserver in 2012 and covers home affairs. He is originally from Denmark, but spent much of his life in France and in Belgium. He was awarded the King Baudouin Foundation grant for investigative journalism in 2010.

'Deep-rooted corruption is a part of reality in many countries,' says EU home affairs commissioner Cecilia Malmstrom (Photo: European Commission)

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Author Bio

Nikolaj joined EUobserver in 2012 and covers home affairs. He is originally from Denmark, but spent much of his life in France and in Belgium. He was awarded the King Baudouin Foundation grant for investigative journalism in 2010.

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