EU petition on Barroso's Goldman Sachs job signed by more than 150,000

Declaration says former European commission president ‘morally reprehensible’ for joining US bank

More than 150,000 people have signed an EU staff petition demanding that the former European commission president José Manuel Barroso loses his pension for taking a job at Goldman Sachs.

A delegation will present the petition on Wednesday to the main EU institutions: the commission, parliament and council, which represents EU governments.

Nearly 152,000 people have put their name to the declaration, which accuses Barroso of “morally reprehensible” behaviour over his decision to join the US investment bank. Since its launch by a handful of EU employees in July, the petition has spread far beyond Brussels staff, becoming a lightning rod for concerns about senior politicians taking lucrative private sector jobs.

The petition comes ahead of a keenly awaited investigation by an EU ethics committee into Barroso’s job. A three-person panel, comprising an ex-EU judge, ex-MEP and ex-official, will advise the commission on whether Barroso broke the EU’s code of conduct, which states that ex-commissioners must act with “integrity and discretion” during and after they have left office.

Barroso, who led the commission for a decade until 2014, took a job at Goldman Sachs in July to advise the bank’s clients on Brexit.

The current commission president, Jean-Claude Juncker, questioned his predecessor’s decision, saying he did not have a problem with Barroso “working for a private bank – but maybe not this bank”. The New York-based bank has come under fire for its role in helping the Greek government hide the extent of its budget deficit, as well as selling sub-prime mortgages, a trigger of the global financial crisis.

Juncker hits out at predecessor Barroso’s Goldman Sachs role

Barroso and the bank have strongly refuted claims of any unethical behaviour. Such claims are “baseless and wholly unmerited ... discriminatory against me and against Goldman Sachs”, Barroso wrote to Juncker in September.

Goldman Sachs has also stressed that it followed “strict rules” set by global regulators. “José Manuel took the role after an 18-month restriction period following the end of his term at the European commission, a longer period than that imposed by most European institutions”.

The EU staff, who have drafted the petition, are calling for tighter rules on politicians moving into the corporate sector, once they have left their EU jobs.

These calls have been broadly backed by the EU ombudsman, Emily O’Reilly, who has argued that the right to work should be balanced by “the public right to an ethical administration”.

Speaking to the Guardian and European newspapers recently, she said: “You could have a much stronger code of conduct pour encourager les autres.”

O’Reilly, who has also served as Ireland’s national ombudsman, argues the EU should eventually set up an independent body to oversee appointments of ex-officials, similar to Ireland’s Standards in Public Office Commission. “That is the natural progression, that it moves away from the commission and other institutions themselves.”

She predicted the Barroso case would have a permanent impact on the EU institutions. “Nothing has ever been so big, or has captured the public imagination in the same way. I think eventually this [case] will make the commission deal with the revolving doors issue in a more serious way.”

One of the petition organisers suggested their action had set a precedent that would make ex-politicians think twice before taking certain corporate jobs. “It is a precedent, in the culture of the EU institutions this will remain.”

The official said it was the first time EU staff had publicised criticism of their former bosses for actions, which they argue, have tarnished the EU’s image. “We are deeply committed to the European Union and we want to defend it.”

The petition organisers, who wish to remain anonymous, will be represented at handover by a group of retired EU officials and staff unions. At the same time, campaigners from Transparency International and the Alliance for Lobby Transparency and Ethics Regulation, will deliver a separate petition criticising the “revolving door between the European commission and big business”.

The commission’s ethics panel is also investigating Neelie Kroes, the former EU competition commissioner, who failed to declare a directorship in an offshore firm, in breach of commission rules.

The panel is expected to take around six to eight weeks to reach a conclusion on both cases.

Contributor

Jennifer Rankin in Brussels

The GuardianTramp

Related Content

Article image
Juncker questions Barroso's decision to join Goldman Sachs
Goldman’s role in financial crisis leads president of European commission to criticise predecessor’s choice of job

Angela Monaghan

15, Sep, 2016 @12:30 PM

Article image
EU staff petition attacks Barroso over Goldman Sachs job
More than 75,000 people sign petition denouncing former president of European commission and calling for him to lose his EU pension

Jennifer Rankin in Brussels

29, Aug, 2016 @12:00 PM

Article image
Barroso hits back at Brussels over inquiry into Goldman Sachs role
Former European commission president dismisses claims his new job broke ethics rules as ‘baseless’ and ‘discriminatory’

Jill Treanor

13, Sep, 2016 @3:31 PM

Article image
EU ethics watchdog intervenes over Barroso's Goldman job
Ombudsman Emily O’Reilly writes to Jean-Claude Juncker of the public’s ‘unease’ about the appointment

Rob Davies

06, Sep, 2016 @5:13 PM

Article image
Juncker asks EU ethics panel to investigate Barroso's Goldman Sachs job
Move by European commission president reflects anger at his predecessor’s role advising US investment bank on Brexit

Jennifer Rankin in Strasbourg

12, Sep, 2016 @11:00 AM

Article image
José Manuel Barroso cleared of ethics breach over Goldman Sachs job
Panel questions judgment of ex-European commission chief but says grounds were not sufficient to conclude he broke code

Jennifer Rankin in Brussels

31, Oct, 2016 @6:45 PM

Article image
European commission rebuked over ex-chief's Goldman Sachs job
José Manuel Barroso’s role at bank caused serious public disquiet and called trust in EU into question, says ombudsman

Jennifer Rankin in Brussels

15, Mar, 2018 @3:19 PM

Article image
Barroso's new job puts Brussels in a tight spot | Nils Pratley
If Goldman Sachs is off-limits, the European commission would have to explain why former top officials end up at EU banks

Nils Pratley

06, Sep, 2016 @6:38 PM

Article image
Philip Hammond should choose infrastructure spending over a VAT cut
The new chancellor should use the period of relative calm – in growth and inflation – to boost investment

Nils Pratley

13, Sep, 2016 @6:30 PM

Article image
José Manuel Barroso to become chairman of Goldman Sachs International
Former Portuguese PM and head of EU commission will help Wall Street firm deal with fallout of Brexit vote in non-executive advisory role

Jill Treanor

08, Jul, 2016 @3:09 PM