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Greeks Can No Longer Afford Paying Expensive Bribes. (Well Boo Hoo, Where's my violin?)

Greeks, whose country is facing bankruptcy, can no longer afford the expensive customary cash-filled "fakelaki" or "little envelope" bribes paid to public sector workers, according to an official.

Greece, dependent on international aid to remain solvent, has struggled for years with rampant corruption that has hampered efforts to raise taxes and reform its stricken economy.

The health sector and the tax authorities topped the country's corruption rankings for 2011, said a report by Leandros Rakintzis, tasked with uncovering wrongdoing in the public sector.

"While the crisis has not reduced corruption itself, it has reduced the price of corruption," Rakintzis told Skai TV after publishing his annual report.

"They (civil servants) have lowered their price," he added.

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http://www.cnbc.com/id/48433083



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