This is an alarming report published by RT Business. It reports that money laundering in Germany exceeds €100 billion annually, citing a report from the country’s Finance Ministry. This is double the amount initially assumed and goes largely undetected by the authorities.
The implications here are quite far ranging. There’s a touch of double standards here. Germany has been quick with austerity and preaching to Southern Europe about fiscal matters but there are large holes in the Germany economy too.