Italy estimates of the day
• According to the IMF’s economic data, Italian corruption losses are larger than the national economy of Serbia, which it ranks 76th in the world at $78.7 billion.
• This new economy would be roughly equivalent to the GDP of Italy’s eastern neighbor, Croatia.
• In 2011, the Italian government spent $1.112 trillion and brought in $1.025 trillion, a gap it could close almost entirely by recovering estimated corruption losses for that year.
Here is more, and for the pointer I thank Jonathan Weinhagen.