The day the economy survived corruption

The Indonesia Stock Exchange nearly chocked this morning when the Jakarta Globe published the news that corruption did cost the country $238.6 billion in 2011.

The figure was rectified shortly after to a more respectable $238.6 million. That is one dollar per Indonesian and it is certainly more affordable for those who live on two dollars a day since it would have meant that half of the country would have had to borrow to be able to afford the cost of corruption.

The IDX was still down at close but this time it was the Greeks’ fault.

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