Time for EU to shed light on Big Corporates

Filed under - Private sector

Opinion by Jana Mittermaier, director of Transparency International's EU liaison office in Brussels, Belgium – 12 July 2012

In the dark days of the financial crisis, as credit markets froze around the world amidst uncertainty and confusion, one thing at least was clear. The global financial sector had become interconnected as never before.

In the 19th century, it was said that: "When France sneezes, the rest of Europe catches a cold." In the early 21st century, when Citibank, Goldman Sachs or JPMorgan Chase, cough and splutter, the whole world reaches for the aspirin bottle.

The impact of the failure of these firms beyond their home jurisdictions is apparent for anyone to see.

When it comes to assessing the positive contributions of these global giants to the welfare of citizens around the world, the answer is altogether less clear.

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Country / Territory - International   
Region - Global   
Language(s) - English   
Topic - Access to information   |   Accountability   |   Asset recovery   |   Civil society   |   Governance   |   Intergovernmental bodies   |   Media   |   Oil and gas   |   Politics and government   |   Private sector   |   Public procurement   |   Public services   |   Surveys   |   Transparency International   
Tags - Financial crisis   |   Economy   |   Goldman Sachs   

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