[MGSA-L] Corruption in Greece

Apostolis apostpap at gmail.com
Tue Aug 4 23:40:57 PDT 2015


Corruption in Greece (I) from the site German Foreign Policy.

in german language:
http://www.german-foreign-policy.com/de/fulltext/59176

in english language :
http://www.german-foreign-policy.com/en/fulltext/58868

ATHENS/BERLIN (Own report) - The Greek government does not exclude the
eventuality of indictments of German companies on charges of corruption,
according to recent reports, on a contingency plan Athens has prepared for
the event that Berlin forces it into state bankruptcy ("Grexit"). According
to this plan, Athens would try to bring German companies to court - who
have not or have only partially been subject of bribery investigations - to
have them pay at least part of the restitution for damages caused by the
alleged corruption, officially estimated in the billions. Siemens is the
most famous example. A Greek parliamentary investigating committee
estimated that, through systematic bribery, this Munich-based company has
caused damages of two billion Euros in Greece. However, Siemens got off
cheap in an out-of-court settlement and had to pay only 270 million Euros -
hardly one fifth of its current quarterly profit. A court in Munich gave a
Siemens manager a suspended sentence - significantly less than what he
could have expected from a trial in Athens. Already in the fall of 2014,
new legal proceedings had been opened in Athens to comprehensively
investigate this systematic corruption.
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