Barroso direct contact with Goldman Sachs during term in Brussels

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Barroso at the centre of conflict of interest storm

Barroso direct contact with Goldman Sachs during term in Brussels
Monday, 26 September 2016 14:10
http://www.brusselstimes.com/brussels/6529/barroso-direct-contact-with-goldman-sachs-during-term-in-brussels

  "José Manuel Barroso, at the centre of a storm around him being hired by
   Goldman Sachs, had direct discussions with the American bank during his
   term as President of the European Commission (2004 to 2014).

    This sprung out of documents which emerged on Saturday in the
   Portuguese newspaper Público.
   
   The leaders of Goldman Sachs "confidentially forwarded, to Barroso's
   office, proposals upon changes to European Union policies."
   
   This was reported in the newspaper, which published extracts of letters
   and e-mails obtained from the European Commission.
   
   A document dated 30 September 2013, signed by the CEO of Goldman Sachs,
   Lloyd Blankfein, thus set out details of a low-key visit by Mr Barroso
   to the bank's head office in New York.
   
   The newspaper stated that this did not feature on Barroso's official
   schedule or in Commission archives.
   
   Mr Blankein wrote, "I thoroughly enjoyed our productive discussion on
   global economic perspectives." In the letter he concluded by hiring Mr
   Barroso as Non-Executive Chairman of Goldman Sachs International.
   
   Approached by the newspaper, Mr Barroso "categorically denied" having
   had a "special relationship with a financial entity" during the period
   of his two offices in Brussels.
   
   He emphasized, "In my roles, I naturally maintained links with
   institutions, both on a transparent basis and duly registering them in
   Commission archives. These included with innumerable political
   entities, employers, trade unions and financial institutions."
   
   He went on, amongst these organisations, figured "the principal banks
   operating within the European market," within the context of the
   "financial crisis."
   
   Amongst other items, the newspaper mentions a letter from a Goldman
   Sachs lobbyist making proposals relating to financial market
   legislation.
   
   This letter is followed by a response from a member of staff in
   Barroso's office who promised to read them "with great interest."
   
   During future visits to Brussels, Mr Barroso will, from now on, be
   welcomed as a general lobbyist and "not as a former president", his
   successor Jean-Claude Juncker has warned.
   
   Lars Andersen
   The Brussels Time "

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