NEWS

Cracking tax evasion ‘could save 10 bln euros’

Greek authorities could be saving more than 10 billion euros a year from a more effective crackdown on tax evasion, the head of Transparency International?s (TI) Athens office, Costas Bakouris, told Skai on Friday.

Bakouris said that authorities in Greece must focus on boosting transparency on all levels for progress to be achieved.

He was speaking after TI?s publication of a new report that found Greece and Italy among the most corrupt countries in the eurozone. Both countries have failed to tackle rampant tax evasion which has led to a deepening of their debt crises, the report said.

Italy was ranked in 69th place with Greece in 80th place worldwide for 2011, compared to 67th place in 2010 for Greece and 78th place in 2010 for Italy.