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Corruption: Monti's biggest reform hurdle

Friday, March 30, 2012 - 02:00

Mar. 30 - Italy is the most corrupt of Europe's major economies, according to a new report by the anti-corruption campaign group Transparency International

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Yeah Monty is facing a formidable obstacle in his drive to clean up the Italian economy. Corruption. Tax evasion alone is -- cost the treasury around 120. Billion euros a year. At the national statistics agency says the black economy is worth as much as 275. Billion Walton 17% of the entire economy. And this in the country -- biggest bank is said to be the mafia. In a new report the anti corruption campaign group transparency international. Ranks it's in the is the most corrupt of Europe's major economies. Almost on -- with Bulgaria and Romania. There are some regions -- that he -- course very badly but there are some other sweets because there. -- -- -- -- So it's really it's it's the program if you -- -- which night he's the country but. Eight cents a defense. And defense cease among the legions. So that that there. Major task of who is the -- you would be to set -- something which is bad for everybody. Monty has been in Japan this week selling his message that the present crisis is almost over and it's -- is open for business. These is in year of transformation from forty -- not only because we hope to address the roots of the crisis. To consolidate. The financial situation on. And two seed. To put the seeds for higher growth unemployment rates -- -- The latest figures show it's and he recovered twelve point seven billion heroes and unpaid taxes last year up 15%. On 2010. Mario -- can perhaps think of that as a good stops but there's a long way to go and -- -- Royces.

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Corruption: Monti's biggest reform hurdle

Friday, March 30, 2012 - 02:00