At first glance Brussels seems to have let off the worst offshore offenders but look at the accompanying greylist and it appears the EU means business

Panama City (AFP) - Panama, shaken badly last year by the "Panama Papers" revelations, on Tuesday reacted angrily to its inclusion on a new European Union blacklist of tax havens and called its ambassador to the EU back home for consultations.

Brussels (AFP) - European Union ministers adopted on Tuesday a blacklist of 17 non-EU tax havens including Panama, South Korea and the United Arab Emirates after a year of tough negotiations.

Finance ministers from across the EU agreed the list in Brussels

Brussels (AFP) - European Union ministers haggled over a credible blacklist of non-EU tax havens, with about 10 countries including Panama and South Korea in danger of being publicly chastised for facilitating tax evasion.

Brussels (AFP) - European Union ministers will haggle on Tuesday to draw up a blacklist of non-EU tax havens, with about 20 countries in danger of being publicly exposed for facilitating tax evasion.