Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-03-14-Speech-3-308-500"

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"According to the European Commission’s recent reply to a question raised by me, over 1% of GDP of the EU Member States (5% globally) is ‘lost’ as a result of corruption and fraud. In Greece, that equates to over EUR 3 billion. However, corruption is not confined to the economy. It runs through various sector of society, such as sport – we need only remember recent events in Germany, Italy and Greece – and justice, to name but two. Therefore, combating and eliminating corruption is not just a moral duty; it is a financial necessity in these difficult times. The decision to set up a European Parliament select committee proves that the European Parliament is committed to examining, legislating and stepping up its efforts to combat organised crime, such as money laundering and corruption. The European Parliament’s ambitious initiative, which I supported, must be accompanied by fast, tangible and, above all, quantifiable results."@en1

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