A study conducted by RAND Europe non-profit institute in March 2016 showed that the cost of corruption in Europe stood at up to 990 billion euros.
Meanwhile, according to the 2014 EU Anti-Corruption Report, corruption continued to be a major issue for Europe, and cost the European economy about 120 billion euros per year.
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The 2014 report showed that the scope of corruption varied from one EU member state to another, citing Romania, Portugal and Greece among the countries where corruption remains a significant problem.