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Monday, August 29, 2016

EU staff petition attacks former EC president over Goldman Sachs job

More than 75,000 people sign petition denouncing José Manuel Barroso and calling for him to lose his EU pension More than 75,000 people have signed an EU staff petition calling on former European commission president José Manuel Barroso to forfeit his pension for bringing the European Union into disrepute by joining Goldman Sachs. The petition, organised by a small group of EU officials, accuses Barroso of “irresponsible” and “morally reprehensible behaviour” for joining the American investment bank. Although Barroso is not the first former ex-commissioner to join Goldman, his appointment has sparked anger among rank-and-file staff, who have highlighted the bank’s role in mis-selling sub-prime mortgages, as well as lending money to the Greek government before the country’s debt disaster exploded. Continue reading...


READ THE ORIGINAL POST AT www.theguardian.com