THE EUROPEAN Union is not intending  to sit on its hands over alleged irregularities related to the Panamanian law  firm Mossack Fonseca.

Following the creation last week  of a  special commission  to investigate   possible cases of tax evasion that were revealed in “The Panama Papers” and leaked to the media, members are ,planning to meet with representatives of the Panama government as part of the investigation.

German Burkhard Balz, a member of the European People's Party, informed the newspaper Luxemburger Wort about the meeting.

Balz said that they also plan to subpoena representatives of the firm to clarify the role played by several European officials.

A 65-member commission was created last week to investigate possible cases of tax evasion that were outlined in the files of the law firm.

The Ministry of Foreign Affairs announced it was willing to "cooperate vigorously" with any investigation.

Public Ministry officials declined to comment about the reports says La Prensa.

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