24 May 2011

Corruption Still a Problem in Funding Spanish Political Parties

GRECO (the Group of States Against Corruption) released a report on April 1st where Spain was criticized for not having done enough to improve transparency in the funding of political parties, especially at the local level, where 25% of a party’s funding typically comes from.

The European report was also highly critical of the level of financing done through bank loans and the amount of debt that Spanish political parties had due to these loans, amounting to approximately 144 million euros in 2005. GRECO made six recommendations for Spain to work on two years ago, with GRECO saying that Spain had not done enough to improve in these areas.

For the original article from the Spanish daily El País (also available in Spanish), please click here.

Please note that GRECO’s trademark is their copyright, with the picture being taken from their website, found above.