It’s ironic, perhaps, but Europe may also “lag behind” America in bribery prosecutions. In yesterday’s The Economist, read “The Siemens Scandal: Bavarian Baksheesh“:
When Siemens, Europe’s biggest engineering firm, adopted the slogan “be inspired” in the mid-1990s, bribery was not what it had in mind. But no one can accuse its managers of lacking inspiration when it came to devising novel ways to funnel huge sums in backhanders to corrupt officials and politicians across the globe.