16:05 GMT +318 December 2018
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    New Report Shows Heavy Price of Corruption for Europe

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    BRUSSELS (Sputnik) - A corruption issue is said to cost EU member states up to 900 billion euros (roughly $1 trillion) per year, the Belga news agency reported, citing data of the the European Green Party.

    A study conducted by RAND Europe non-profit institute in March 2016 showed that the cost of corruption in Europe stood at up to 990 billion euros.

    Meanwhile, according to the 2014 EU Anti-Corruption Report, corruption continued to be a major issue for Europe, and cost the European economy about 120 billion euros per year.

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    The 2014 report showed that the scope of corruption varied from one EU member state to another, citing Romania, Portugal and Greece among the countries where corruption remains a significant problem.

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