By Euro Weekly News Media • 20 May 2015 • 8:23
A REPORT by the consultancy EY (formerly Ernst & Young) on 38 countries around the world reveals that 69 per cent of managers in Spain justify bribery and corruption to generate profits.The figure is almost double the average for Western Europe, where 35 per cent of executives perceive this conduct as acceptable in the name of progressive business, and it even surpasses that of emerging economies with a result of 61 per cent.Portugal tops the list of most prolifically corrupt countries within the European Union, followed by Greece and Spain. At the other end of the spectrum is Denmark with a result of only four per cent.The report found that 57 per cent of managers are pressured to find new sources of revenue in high-risk markets where there is a greater likelihood of corruption becoming a temptation. Additionally, 56 per cent of respondents in Spain have acknowledged that their companies invent and manipulate financial information.
Share this story
Subscribe to our Euro Weekly News alerts to get the latest stories into your inbox!
By signing up, you will create a Euro Weekly News account if you don't already have one. Review our
Share your story with us by emailing email@example.com, by calling +34 951 38 61 61 or by messaging our Facebook page www.facebook.com/EuroWeeklyNews
Download our media pack in either English or Spanish.