‘Your Economy Will Suffer’: German MEP Warns Malta Over Lack Of Panama Papers Prosecutions

German MEP Sven Giegold delivered a dire economic warning to Malta over its failure to prosecute Tourism Minister Konrad Mizzi and the Prime Minister’s chief of staff Keith Schembri in the wake of the Panama Papers revelations. 

“In no other EU country would high-government officials implicated in the Panama Papers remain in office after so much evidence was revealed,” Giegold told a press conference. “I urge the Maltese people not to get distracted by fringe issues but to focus on this core issues as it is extremely crucial for your igaming and financial services industries. They can be done elsewhere and Malta risks losing these industries unless it protects its reputation.”

“This is a real economic warning: Malta is risking its financial future if the reputation damage isn’t dealt with. I hope the Maltese people realise how risky the situation has become after the Panama Papers revelations and lack of prosecutions. I

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