Tuesday, April 19, 2016

Corruption is the EU’s Achilles Heel

Thanks to the Panama Papers, corruption is finally on the front pages.   

The “Panama Papers” leak reveals widespread use of offshore accounts, especially in Europe. Experts believe that that most of the exposed accounts have been used for tax evasion and also note that the firm from which the information was taken is only one of many that create such accounts.  

Will the leak matter? There’s certainly evidence that it should. Among other things, strong EU action on corruption could greatly increase the viability of the union and make the difference in preventing Brexit.

Corruption is a core issue.