The annual corruption index

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Transparency International is out with its annual corruption index. The full list is here and it gives the Fins another reason to gloat at their eurozone partners.

Italy is way down the list and Greece ranks between Colombia and India.

The list supports my theory that Uruguay is the best investment in the world.

Author: Adam Button

Adam Button is the managing editor of ForexLiveâ„¢. He was previously the chief currency strategist at XForex and has also worked with Intermarket Strategy. Adam believes there's an edge in knowing every tidbit of news. He was formerly the head of the markets team at the Canadian Economic Press and is a graduate of Ryerson University. Adam lives in Montreal, follow him on Twitter: @FX_Button.


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  1. did I miss it or was Gern=many not on that list??????

  2. Germnay, obviously :(

  3. Huge sell-off in gold again. Should we be bearish?

  4. Germany is near the top of the list.

  5. Adam,

    Hardly transparent, this index has no relevance. I’d love to know how this measurement of perception is measured?
    They’d have been better off actually measuring the amount of pure theft that has been seen in some of the major countries i.e. USA/UK to realise these guys are league leaders when it comes to corruption, the African/Arab/South American states are small time in comparison. Just UK/USA term the coruption as something else which gives it a legal spin.

  6. I think measuring the perception of corruption is a fair way of doing it. In general, the people in the street have a fair sense of how corrupt it is, at least at low levels. I think you’re right about the highest levels in the UK/US.

  7. re:NREK

    It’s just that blatant manipulation time of the day again.

    Goldman is advising its clients to sell gold seeing 1800 as the highest figure over 12 months.
    Absolute BS if you ask me, begs the question if GS is advising its clients to sell gold than what exactly are GS doing, and who are these clients selling to.
    Just like with Tom Stolper and his nonsense I think its time to fade Goldmans lies and buy on dip opportunities. they’ll be a time when these opportunities to buy in the 1600’s don’t come back again.

  8. Fair play Adam, totally agree on both counts. Also Uruguay looks a good shout it’s export driven economy has been progressing since the 2002 argentina spillover effects and 4 percent GDP growth for 2012 is not bad considering.

  9. Perception depends on the state of an individual. Lives in heated homes, drives car, gets benefit payments from government, enjoys a drink or two every evening…Such an individual will not be inclined to believe that corruption hurts him/her.

    Subtract the comfort index to get the right measure, I say, and then watch the fun


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