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Panama Papers threaten more European leaders -

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KIM LANDERS: The fallout from the leaked tax avoidance documents known as the Panama papers could be about to claim more European leaders.

Iceland's Prime Minister resigned last week after public outrage over his family's finances.

And now the leader of Malta is under pressure.

Tom Nightingale reports.

(sounds of protestors yelling)

PROTESTORS: Shame on you, shame on you.

TOM NIGHTINGALE: Thousands of people spent the weekend protesting in Malta's capital, Valetta.

They're demanding the resignation of Joseph Muscat, the island nation's Prime Minister.

PROTESTORS: Shame on you!

PROTESTOR 1: I am protesting against the government for all this corruption.

REPORTER: Should the Prime Minister resign in the wake of the Panama papers revelations?

PROTESTOR 1: Yes, definitely.

PROTESTOR 2: They have to stop treating the people like stupid people and not explain what is going on and I think it's time they move out basically, that's it.

TOM NIGHTINGALE: The leaked documents from the Panama-based law firm Mossack Fonseca show two of the Malta Prime Minister's political allies have offshore accounts.

They include the Energy Minister, who has an account set up in New Zealand.

The documents also indicate his chief of staff set up a company and a trust in Panama.

Both men deny any wrongdoing.

But Malta's Opposition leader, Simon Busuttil says the Prime Minister must do the right thing and step down.

SIMON BUSUTTIL (translated): We have a clear message for the Maltese Prime Minister. You have now lost the moral authority to lead this country. For God's sake and loyalty to our constitution, one you took oath to, and for the people's sake and national interest leave the office before you do more harm to our country.

TOM NIGHTINGALE: The fallout from the Panama papers is also implicating Britain's government.

They revealed the British Prime Minister David Cameron's late father had an offshore fund.

Mr Cameron made four different statements in four days last week before releasing six years of his confidential tax records yesterday.

The Opposition leader, Jeremy Corbyn says the Prime Minister will be under more pressure when parliament resumes.

JEREMY CORBYN: What Panama has shown more than anything is that there's one rule for the rich and one rule for the rest. If you've got a lot of money, you put it in a tax haven. You get a big income as a result of it. You pay no tax on it. If you're a care worker, a street cleaner or a nurse, you don't have those options. You don't have those opportunities. You pay your tax and I tell you, the anger out there of a lot of people who work really hard, pay their tax and not offered negotiations with HMRC (HM Revenue & Customs). They have to pay and they get fined if they're late.

TOM NIGHTINGALE: Thousands of people were calling for David Cameron to step down at a protest in London at the weekend.

BRITISH PROTESTOR 1: Whether or not he resigns, that would be amazing. Maybe he won't, but either way change needs to happen and this is just the start of it.

BRITTSH PROTESTOR 2: He hasn't been good for the people in Britain, he hasn't been good for the EU, he's not doing his job properly so, you know normally when you have a job and you don't do your job properly people will ask you to leave and so we're asking him to leave.

TOM NIGHTINGALE: David Cameron spoke at a Conservative Party conference at the weekend.

He freely admitted he'd mishandled the scandal.

DAVID CAMERON: Well it's not been a great week.

(sounds of audience laughing)

I know that I should've handled this better; I could've handled this better. I know there are lessons to learn and I will learn them.

KIM LANDERS: That's British Prime Minister David Cameron ending Tom Nightingale's report.