Panama mounts fierce defense of vital financial sector

Panamanian Deputy Foreign Minister Luis Miguel Hincapie (L) gives a press conference after a meeting with foreign ambassadors in Panama City, on April 6, 2016Panama mounted a fierce defense of its crucial financial services sector on Wednesday, trying to head off a feared international clampdown on its offshore business in the wake of the “Panama Papers” leak. Diplomats accredited to the small Central American nation were called to the foreign ministry to hear officials argue that it was unfair to single out Panama in the scandal.

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