Saturday, July 9, 2016

Barroso Goldman Sachs: the French elected rebelled – The Point

Without shame “,” indecent “, an” arm of honor “: a criticism rained down Saturday in France and Portugal, the former President of the European Commission José Manuel Barroso will join US investment bank Goldman Sachs. in France, several voices left to the government, protested against being hired by a bank to the bad reputation, partly because of its role in the subprime crisis in 2008 and because it had helped in the early 2000s, the Greek government to mask its deficits to stay in the euro

“serving citizens use at Goldman Sachs. #Barroso, indecent representative of an old Europe that our generation will change, “tweeted the French Secretary of State for foreign Trade, the Socialist Matthias Fekl. the French Socialist MEPs deemed them” outrageous “that” new revolving door, which is very similar to a conflict of interest. “” We demand a revision of the rules to prevent such recruitment of former European Commissioners “, they wrote in a statement.

Even indignation in Lisbon, in the ranks of the ruling Socialist Party and allies of the radical left. “This appointment shows that the European elite which includes Barroso has no shame,” has responded Pedro Felipe Soares, parliamentary leader of the Left Bloc. Prime Minister of Portugal from 2002 to 2004, José Manuel Barroso has been President of the European Commission from 2004 to 2014, during which Europe shaken by the 2008 financial crisis, was seen as liberal and without much purpose.

the bank Goldman Sachs said on Friday having engaged to advise, while the output from the UK to the EU should have an impact on the financial world. “After over thirty years in politics and public service, it is an interesting challenge and stimulus that allows me to use my skills in a global financial institution,” said José Manuel Barroso to the Portuguese weekly Expresso .

the news was “surprising”

“If you remain in politics, it is criticized for living the State hooks, if you go private, it is critical to take advantage of the experience gained in politics, “he added, sweeping all the blame. But the French press considers this appointment falls very ill. “The image of the European Union which is not cavorting at the moment, did not need this,” writes the weekly Saturday French L’Observateur . “This is the worst time, a symbol disastrous for the Union and a boon for europhobes,” added the left-wing daily Libération , which denounces on its website an “honor arm in Europe. “

the President of the extreme right National Front party, Marine Le Pen, has also estimated on Twitter that the news was” nothing surprising for those who know that the EU does not serve the people but high finance. ” Barroso did not break any rule, since, more than 18 months after the end of their term, nothing obliges the former members of the Commission to account, for his part stressed that institution.

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