FORMER EU PRESIDENT HIRED AS NEW CHAIRMAN OF GOLDMAN SACHS INTERNATIONAL
The former president of the of the European Commission, the European Union’s (EU) unelected executive arm, has been recruited as the new boss of international operations at Goldman Sachs, who funded the official anti-Brexit campaign.
The American investment bank, which was accused of “serious misconduct” and agreed last month to pay out $5.06bn for its role in the 2008 financial crisis, is to hire José Manuel Barroso, the former Portuguese prime minister and most powerful man in the EU (pictured right, alongside current president Jean-Claude Juncker).
Mr. Barroso, who was president of the European Commission for 10 years until 2014 and presided over the Eurozone crisis, will help the Wall Street giant manage the so-called “fall out” from Brexit as well as other international uncertainties. His pay has not been disclosed.
During his time as President of the Commission he persistently attacked Eurosceptics, including David Cameron when he announced that the British people would have a democratic say on their membership of the block.
The bank has a long history of hiring EU bureaucrats. Mr. Barroso takes the job from Peter Sutherland, a former European Commissioner and ex-boss of the World Trade Organisation, who left last year.
Mr. Sutherland’s anti-democratic and anti-Brexit rhetoric has been even more inflammatory. After the Brexit vote was announced, he called for it to be “overturned”.