Samuel Beckett’s exhortation to “fail better” could also be applied to the EU banking sector. Time and time again, troubled financial institutions have been bailed out by the taxpayer because they have been perceived as “too important to fail”. The ability of a large number of banks to benefit from excessive risk-taking without fully absorbing [...]
Ireland: Political leaders need to tackle fundamental governance gaps which enable corruption and undermine our economic stability
It is no coincidence that countries suffering most from the European debt crisis also have major problems with corruption. While international indicators suggest that corruption is less pervasive in Ireland than, say, Greece or Spain, its ravaging impact on public finances is just as tangible. Corruption has played a starring role in our home-grown crisis. [...]
Paul Hockenos is a Berlin-based writer and consultant who recently visited Dublin to work with TI Ireland to give exposure to its groundbreaking programme to protect and encourage whistleblowers. German photographer Dagmar Morath accompanied him. You don’t have to walk very far in downtown Dublin to run smack into grim fallout of the financial [...]
Paul Zoubkov and Helen Turek talk about Transparency International’s Europe wide initiative to improve national anti-corruption systems. Good governance, accountability and rule of law are among the key hallmarks of a healthy society, and yet right across Europe, there is a deep sense of frustration that key national institutions and actors are not living up [...]
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