Barroso takes up job with Goldman Sachs and MEPs call for action

Julie is joins fellow MEPs to stand up for accountability and transparency, as Goldman Sachs has managed to apparently ‘buy’ a former Commission President.




Back in July, as the headlines were full of the chaotic aftermath of the UK referendum vote, and many enjoyed the European Football Championship, former European Commission President announced he intended to take up a new position as Chairman of Goldman Sachs International and ‘advisor on Brexit’. Given the role that the bank played in the global economic crisis of 2008 and the Eurozone crisis that followed, there seems to be a manifest conflict of interests at hand.

Regardless of what course the UK takes in its relationship with the EU, we cannot allow banks and big corporations to buy our politics, in the UK, in Europe, or across the world.

Julie has tabled a Written Declaration together with fellow MEPs calling on Barroso to resign his post, for the Commission and Council to refer his case to the European Court of Justice, and for rules on Commissioners’ ethical standards to be tightened.

Earlier in the summer, Julie tabled a Parliamentary Question on the subject to the Commission.

Two petitions have also raised the issue, one by Brussels-based civil society, and one by a group of Commission employees who decided to take a stand.

In response to these petitions and calls from MEPs, the Commission has now launched an investigation into the case, which Barroso has attacked as “discrimination”.

Please sign, share the petition and continue to follow this important issue to show to all of our politicians that honesty and cleanliness in politics matter.

Here is the full text of the Parliamentary Written Decelaration:

 Written declaration, under Rule 136 of Parliament’s Rules of Procedure, on the implementation of Article 245 of the Treaty on the Functioning of the European Union in relation to José Manuel Barroso’s new role at Goldman Sachs[1]

1.   José Manuel Barroso is called upon to resign from his position as a non-executive chairman of the bank Goldman Sachs.

2.   If he fails to do so, the Court of Justice will have to decide whether his actions constitute a breach of his duty to behave with integrity and discretion, going beyond the rules laid down in the Code of Conduct, and, if necessary, how this will affect his pension rights or other equivalent benefits.

3.   The Commission and the Council are called upon to bring the matter before the Court of Justice pursuant to Article 245 of the Treaty on the Functioning of the European Union.

4.   The Commission is called upon to monitor particularly closely the tasks carried out by Mr Barroso on behalf of Goldman Sachs which involve dealings with the European institutions.

5.   The Commission is called upon to draw up by 2017 a public report on the activities of members of the Commission when their term of office comes to an end and, in the light of the findings, on the appropriateness of the current rules laid down in the Code of Conduct.

6.   This declaration, together with the names of the signatories, is forwarded to the Council and the Commission.

[1] Under Rule 136(4) and (5) of Parliament’s Rules of Procedure, where a declaration is signed by a majority of Parliament’s component Members, it is published in the minutes with the names of its signatories and forwarded to the addressees, without however binding Parliament.