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Panama blasts back at French tax haven attacks

Monday, November 28, 2011

Attacks on Panama by some of the top guns of the G-20 has brought a furious reaction from the government which has cut off a multi million dollar deal with a French bank.

The government has cancelled a loan agreement with the French export insurer Coface. The $298 million loan was for the construction of the new Metro.

This measure is a reaction to the fact that France still considers Panama as a tax haven.

Original source: Newsroom Panama