Wednesday, December 14, 2011

Greece losing 'billions of euros to corruption'

Crisis-hit Greece is still losing billions of euros (dollars) to corruption in spite of efforts to stamp out graft and maximise the state's tax revenue, a report said on Wednesday.

The Ta Nea newspaper said that tax evasion cost Greece 13 billion euros ($17.4 billion) annually in lost revenue, citing remarks by experts and state officials at a conference on corruption on Tuesday.


AFP