Cecilia Malmstrom
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Corruption in EU costs '120bn euros' - EU Commission

The EU's Home Affairs Commissioner has warned of staggering levels of corruption in member countries.

Presenting the first EU-wide anti-corruption report, Cecilia Malmstrom said the problem eroded trust in democratic institutions and provided a breeding ground for organised crime.

She said the true cost of corruption was at least 120bn euros (£99bn) annually.

The BBC's Chris Morris reports.

  • 03 Feb 2014
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