News Analysis: At a cost of 120 Billion Euros ($158 Billion Dollars) Yearly, The European Union (EU), is trying to come to grips with this ‘Grand Vol’. Bribes paid and General Corruption at all levels of Government and Private Business, many people think, is of even Greater Cost than that which has been estimated.
Economic Recovery in Europe cannot advance as it should with this Unaudited Flow of Funds perhaps leaving Europe and going to “Safer Environs” for the Miscreants. If one adds in Repatriated Funds being sent out of Europe to other Continents an anticipated recovery may take longer to achieve.
Even more costly is the fact, that much like in America (the Wealthiest and perhaps Most Corrupt Nation in terms of Amount of Money involved in Individual “Deals”) are the Ideas, Inventions, and Technologies that will never see the ‘Light of Day’ without Payoffs; it is Systemic throughout High Technology Industries (especially Aircraft Manufacturing). Management will never utilize a Product unless they “Own a Piece of It”! Who in America ever goes to Prison for Bribery in getting Federal or State Contracts?
One cannot put a Price Tag on the cost to Europe or in America; “Pay if you want to Play”.
Legitimate Governments, Corporations, and Citizens need to adopt the Mantra: “Take the Thievery Away, We will Not Pay”.