A study about corruption published in December puts forth an interesting, and troubling, conclusion: some countries in the European Union perceive themselves as less corrupt than they actually are.
The Brexit vote must be manna from heaven for those seeking to hide their illicit gains in London. Busy with all their posturing and negotiations, politicians will have no time to curtail the criminals’ activities.
You could argue that those protesting against trans-Atlantic free trade agreements are die-hard socialists who prefer to keep Europe’s sclerotic status-quo and don’t want change.
Or you could wonder if they have a point. Their protest isn’t as much against the trade agreements per se, as against increasing dominance by big, multinational companies that have as much cash as a medium country’s GDP and so much power they sometimes bend governments to their will.
In a recent speech, British Prime Minister David Cameron again slammed corruption and those who tolerate it, and called for global political leaders to talk more about the “cancer of corruption” and how to combat it.
The European Bank for Reconstruction and Development (EBRD) said it has applied for regulatory approval to raise its stake in Moldova’s third-largest bank, Victoriabank, “with the aim of restoring effective corporate governance at the bank and ensuring its continued sound financial performance.”
Romania is often dismissed by investors as too small, too corrupt or too complicated to bother with — sometimes all three. And yet, this little-understood country has, over time, delivered huge profits to those foreign investors who knew how to navigate the often complex issues that it is faced with.
A recent political phenomenon could present investors with new opportunities, this time for the longer term – if things play out right.