Monday, October 31, 2016

The EU said that the work of Barroso in Goldman does not violate the regulation – Reuters Spain

By Julia Fioretti

BRUSSELS (Reuters) – An ethics committee of the EU has been considered that the former president of the European Commission Jose Manuel Barroso not violated any rules by accepting a job at Goldman Sachs, but said that it did not show the “considerate judgment” that is expected of someone of his political height.

The former Portuguese prime minister received great reviews when she joined the us investment bank as an advisor to the Brexit, with critics pointing to the movement to further reducing the public’s confidence in the European Union after the vote of the Uk in favour of leaving the bloc.

The president of the European Commission, Jean-Claude Juncker, launched an ethics investigation unprecedented in September to determine whether Barroso had breached the code of conduct of the Commission.

“there is Not a sufficient basis to establish a violation of the duty of integrity and discretion (…) in relation to the acceptance of the former president Barroso of a position of non-executive chairman ( … ), and counselor-linked business (of Goldman) with their client,” said the Ethics Committee.

But in its decision, published on Monday, the panel also said that Barroso “has not shown the trial considered that one might expect of someone who has had the high position that he has occupied for so many years.”

The decision failed to satisfy the advocate of the people of the EU, Emily O’reilly, who said that sopesaría the next steps, including the opening of an investigation on the matter.

“Given the concern continues to be expressed about the appointment of lord Loams and the existing Code of Conduct, the advocate of the people now reflect on the next steps – including a possible investigation – that it will take in relation to this important issue,” said O’reilly in a statement.

he Also said that the Ethics Committee seemed to have based his research only on three documents already in the public domain, without requiring other files or interview people relevant. Continued…

LikeTweet

No comments:

Post a Comment