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We Move Europe: Barroso, don’t sell our public interest to Goldman Sachs

2016.08.11 Един коментар
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Goldman Sachs, a banking corporation with a central role in causing the 2008 financial crisis, just found an easy way to make sure the Union operates in its interests. They’re hiring the ex-president of the European Commission, Mr Barroso.

Former leader of the Commission, Barroso, has deep knowledge of the levers of power inside the EU. He knows lots of people and could use his influence to help Goldman Sachs strip back regulations that protect our countries from another financial crash.

Barroso’s decision puts the public interest in danger. We need to change the rules to make sure it can’t happen again, and sanction Barroso for his irresponsible behaviour by removing his considerable EU pension.

We cannot let Barroso off the hook: sign to remove his pension entitlements

Goldman Sachs is already a major player in Brussels, where it holds regular meetings with the Commission. Now it has bought further influence and insights by hiring an ex-Commission President, unless we stop it…

Let’s work together to fix this,

We Move Europe team

 

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PETITION: Barroso, don’t sell our public interest to Goldman Sachs

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To Jean-Claude Juncker, President of the European Commission

Intro

Former EU Commission President Barroso just became chairman of Goldman Sachs, one of the worst banks in the 2008 economic crisis. In his new job, Barroso will know which strings to pull inside the European Commission.

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Petition text

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Public officials should not use their contacts and influence for powerful corporations. Stop this revolving door between the European Commission and big business. Immediately overhaul the rules for where EU commissioners can work once they’ve left office.

Former commissioners should be banned for at least three years from any job that provokes a conflict of interest, including all direct and indirect EU lobbying.

Also, we need a transparent and independent ethics committee that can take decisions and apply sanctions if rules are broken.

In this spirit Barroso should have his Commission pension entitlements removed.

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Why is this important?

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Goldman Sachs, a banking corporation with a central role in causing the 2008 financial crisis [1], just found an easy way to make sure the Union operates in its interests. It’s hiring the ex-president of the European Commission, Mr Barroso [2].

Barroso gained great political influence, contacts and insider know-how through his public post, all of which he could now use to benefit one of the most controversial financial corporations, which is already spending over a million euros in influencing the EU [3].

This is a clear signal that our European institutions allow banks and big businesses to set the agenda. We need strong rules to prevent this, and sanctions if the rules are broken. Already the French President, dozens of members of the European Parliament and disgruntled EU staff have openly voiced their criticism [4], but the Commission remains silent despite the number of revolving door cases continuously increasing [5]. A big community of Europeans shouting with one voice will surely help to kick it into action.

Sign to stop ex-politicians selling their influence to corporations!

This petition is run in partnership with The Alliance for Lobbying Transparency and Ethics Regulation (ALTER-EU).

References

[1] https://www.justice.gov/opa/pr/goldman-sachs-agrees-pay-more-5-billion-connection-its-sale-residential-mortgage-backed

[2] https://www.theguardian.com/business/2016/jul/08/jose-manuel-barroso-to-become-next-head-of-goldman-sachs-international?CMP=Share_AndroidApp_Facebook

[3] http://corporateeurope.org/revolving-doors/2016/07/barroso-and-goldman-sachs-dangerous-liaison

[4] http://www.politico.eu/article/jose-manuel-barrosos-new-job-at-goldman-sachs-angers-eu/

https://www.theparliamentmagazine.eu/articles/news/meps-call-juncker-withhold-barrosos-pension-following-goldman-sachs-appointment

[5] https://euobserver.com/opinion/134484

WeMove.EU is a citizens’ movement, campaigning for a better Europe; for a European Union committed to social and economic justice, environmental sustainability and citizen-led democracy. We are people from all walks of life, who call Europe our home whether we were born in Europe or elsewhere.

One Comment »

  • Ivan Krasimirov said:

    To my opinion it ought to be 5 years before and after to official position, or reciprocive if less than 5 years

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