Juncker launches probe into Barroso Goldman Sachs job


European Commission President Jean-Claude Juncker has opened a probe into whether his predecessor Jose Manuel Barroso breached EU ethics guidelines by joining US investment bank Goldman Sachs, where he will advise on Brexit.

In a letter to the European Union’s official watchdog, Juncker also said that Barroso will now be received at the Commission, the executive arm of the 28-nation bloc, as a lobbyist rather than as a former president.

Juncker said his team would send Barroso “a letter asking him to provide clarification on his new responsibilities and the terms of reference of his contract, on which I will seek the advice of the (Commission’s) Ad Hoc Ethical Committee.”

His letter was released late Sunday by European Ombudsman Emily O’Reilly who had written to Juncker last week asking him to check that Barroso’s appointment “conforms with ethics obligations” in the EU treaties.

Barroso’s appointment to the role a non-executive chairman and advisor at the US investment bank has caused a furor in the EU, with French President Hollande deeming it “morally unacceptable”.

The European Ombudsman investigates complaints about maladministration in the institutions and bodies of the EU.

Barroso headed the Commission from 2004 to 2014, overseeing membership for several former communist states in Eastern Europe, the global financial crash and the ensuing eurozone debt crisis.

The former Portuguese PM has been criticised for comments he made to The Financial Times suggesting that he would be well-suited to helping Goldman Sachs in the wake of Britain’s shock June 23 vote to leave the EU.