Thursday 23 May 2013

Corruption in Southern Europe (Commentary)


I have always believed that one of the major problems in the Eurozone is the corruption in the southern bloc. I might know something about this matter having lived for 1 year in southern Europe. The people are wonderful but.....there are problems.

Nobody (in public policy) seems to emphasize the corruption problem. Here are a few articles that I Googled  here, here, here and here. The articles are somewhat dated but still applicable in my opinion. There also seems to be a correlation between corruption and political extremism. Not a good situation.

Econheads still ramble on about austerity or further government borrowing instead of working the problem(s). See here.

If Europe does not start to address their structural problems look for economic problems to endure.




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