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Notes the evidence of widespread irregularities in campaign spending. Discusses ways in which the link between big money and political and electoral finances has undermined public trust in the political system. (Abstract amended)

This article reviews efforts to study the impact of money in politics in democracies outside of the United States. In recent years, democracies around the world have begun to publish increasing amounts of data on candidate and party finance. Although much of this information is partial, and some of it is even deliberately misleading, it has nevertheless opened up many new opportunities for researchers to systematically examine the role of money in politics. The development of theories about the origins and impact of political finance regimes and regulations has not kept pace with the newly emerging data. As a result, the field offers increasing scope for researchers to make policy-relevant contributions. Much of the recent research in this area asks how much, and in what ways, the amounts and sources of funding matter. Do either or both of these influence elections or other political outcomes? This article begins by reviewing attempts to answer these questions, then considers some of the promising new areas of investigation in this field. Adapted from the source document.

Money in politics is a double-edged sword. It is a necessary component of the democratic process, enabling the expression of political support as well as allowing for competition in elections. Yet, if the financing of political parties and election campaigns are not adequately regulated and monitored, money may also be a means for powerful special interests to capture the policy process. This report provides an in-depth analysis of the political finance mechanisms in Greece, drawing on international standards and good practices. It provides concrete guidance on developing a solid legislative framework and an effective oversight mechanism for political finance. Finally, the report suggests ways to improve integrity in the short and medium term.