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.


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