Herman Van Rompuy Rompuy was Deputy Prime Minister and Minister of Budget from September 1993 to July 1999 in the two governments led by Jean-Luc Dehaene. As budget minister, together with finance minister Philippe Maystadt, he helped drive down Belgium's debt from a peak of 135% of gross domestic product (GDP) in 1993. It fell to below 100% of GDP in 2003. He was elected to the Belgian Chamber of Representatives in the 1995 general election, but as he remained a minister, he was barred from taking the seat while holding that office. After his party's defeat in the 1999 Belgian general election,
Panama Papers 2013 letter, unearthed by the "Financial Times" to the then president of the European Council, Herman Van Rompuy, the then Prime Minister of the United Kingdom David Cameron said that offshore trusts should not automatically be subject to the same transparency requirements as shell companies. The Panama Papers revealed that the Minister of Finance of Andorra, Jordi Cinca, while he was CEO of Orfund SA, maintained an offshore company called Mariette Holdings Inc, until its dissolution in 2002 for fear of discovery of his participation in these businesses. The business activities of Orfund had ties to the blood diamond trade,