"Greece has the worst corruption" in the eurozone, says Charles Calomiris, troubling since it...

"Greece has the worst corruption" in the eurozone, says Charles Calomiris, troubling since it means that "the institutional quality of the Greek government for reforming itself is very low." Based on this standard, Italy - "second to Greece in the level of corruption" - is the next country heading for trouble. Perhaps ironic, then, for Italian prime minister Romano Prodi to say the Greek crisis is over and that he doesn't "see any other case now in Europe."

Comments (3)
  • CautiousInvestor
    , contributor
    Comments (3090) | Send Message
    All of this tripe about Greece's fiscal austerity is nauseating and reminds of the stress tests, which was nothing more than deceitful theater designed to calm markets and permit insolvent institutions to raise capital under blanket of government sponsored fraud.
    10 Mar 2010, 03:03 PM Reply Like
  • Alex Filonov
    , contributor
    Comments (1411) | Send Message
    Disagree. Romania and Bulgaria will beat Greece on corruption. Not sure about Hungary, should be pretty close.
    10 Mar 2010, 03:29 PM Reply Like
  • i_vitale
    , contributor
    Comments (4) | Send Message
    Romano Prodi is a former Italian prime minister, not "Italian prime minister". But first of all he's an economist and, for a few decades, a highly regarded university professor. And he was the President of the European Commission before Barroso. All in all, he's a competent and honest man, not the petty politician that this short piece of news seems to suggest he is. Inform yourself please before informing us. Thank you.
    10 Mar 2010, 05:11 PM Reply Like
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