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> Economy

Showdown: P. Nikoloudis vs. Greek corruption = 2.8 bln euros

Greece's new anti-corruption minister hopes to gather 2.8 bln euros from Greek coffers

Newsroom February 12 10:13

New Minister of State for Combating Corruption, Panagiotis Nikoloudis, is tasked with the unenviable job of waging war on corruption and recovering 2.8 billion euros worth of taxes from the government’s repositories.  The first job he has to do is hunt down and recover several billion euros of undeclared taxes that the new government can use as a bargaining chip in negotiations with the EU. An article in Business Insider states that this means examining  3,200 files entirely the results of tax evasion with hundreds of bank accounts in Greece to scour through – worth an estimated 6.4 bln euros of which 2.5 bln are owed to the government. These are just a fraction of 28,000 cases that the money-laundering authority has sorted through since 2011.

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