EurActiv.com

EU news and policy debates across languages

26/09/2016

Spanish minister resigns after alleged links to offshore deals

Elections

Spanish minister resigns after alleged links to offshore deals

José Manuel Soria [Wikimedia].

Spain’s acting Industry Minister José Manuel Soria said today (15 April) he was resigning with immediate effect after alleged links to offshore dealings which emerged after he was named in the Panama Papers.

Soria has denied all wrongdoing, but said he was stepping down to limit any damage to the caretaker government, the People’s Party (PP), following revelations of alleged links to an offshore company in the British island of Jersey.

The resignation comes at a time when Spain is facing the likelihood of a second general election in June after an inconclusive December vote.

Rajoy predicts new Spanish poll

Acting Prime Minister Mariano Rajoy on Thursday (18 February) said Spain would “most likely” hold new elections on 26 June after months of political deadlock.

EurActiv.com

The latest polls have shown the PP gaining ground, despite a string of corruption scandals involving regional politicians this year, as voters tire of left-wing parties’ failure to put aside differences to form a coalition government.

Leaks from the Panama-based law firm Mossack Fonseca have embarrassed several world leaders and shone a spotlight on the shadowy world of offshore companies by revealing the financial arrangements of prominent figures.

Icelandic Prime Minister Sigmundur David Gunnlaugsson stepped down earlier this month after documents linked him to an offshore company.

Iceland PM steps down after Panama Papers tax scandal

Iceland’s Prime Minister Sigmundur David Gunnlaugsson became the first major casualty of the Panama Papers revelations, stepping down yesterday (5 April) after leaked files showed his wife owned an offshore firm with big claims on the country’s collapsed banks.

EurActiv.com

Acting industry minister Soria denied his involvement in an offshore company revealed by the Panama Papers after two Spanish news outlets said they had documents proving he headed an offshore firm with his brother.

So far the only minister identified in the Panama papers of clients of tax evasion schemes appared to be Malta’s Health and Energy Minister, Konrad Mizzi.

Sole EU minister named in Panama Papers is Malta’s Konrad Mizzi

Maltese journalists and bloggers have found that the only minister from an EU member state identified in the Panama papers of clients of tax evasion schemes is Malta’s Health and Energy Minister, Konrad Mizzi.

EurActiv.com