"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."
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