Juncker Says Goldman Is Wrong Bank for Barroso to Work For
- Goldman’s role in crisis makes it problematic, Juncker says
- Juncker says no problem with Barroso working in banking
Jose Barroso. Photographer: Sean Gallup/Getty Images
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European Commission President Jean-Claude Juncker said his predecessor, Jose Barroso, shouldn’t work for Goldman Sachs Group Inc. because the New York-based investment bank helped cause the financial crisis.
The commission has started an ethics investigation into Barroso’s job at Goldman Sachs and is seeking clarification on the terms of his contract after European Ombudsman Emily O’Reilly questioned whether it was appropriate for him to take the role less than two years after ending his term as president of the European Union’s executive arm.