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Panama gave up their last bit of secrecy after the US helped the last president get elected by spying on his competitors.

Any reference to back that up? I read some of the leaks from Bradley Manning related to Panama and the U.S. clearly stated that it didn't favor Martinelli (current president).

Apparently I'm wrong. Wikileaks had some cables talking about how Martinelli asked the US to spy for him, but they denied him[1]. He did however, end banking secrecy for Panama/US in 2011(?), with a tax treaty. I probably misunderstood after reading some expat sites and connecting lines that perhaps are not connected.

http://www.cato.org/blog/wikileaks-cable-martinelli-threat-r...

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