Barroso goes to Goldman Sachs

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Barroso goes to Goldman Sachs

For ten years José Manuel Barroso, EU Commission President. In the future, he works for the US investment Bank Goldman Sachs. As it seems, he is to act as a kind of Brexit-adviser.

And again a former top moves of politicians in the economy. The former head of the EU Commission assumes in the case of Goldman Sachs, consultant-Job, and at the same time, Chairman of the Supervisory Board of the London subsidiary, Goldman Sachs International (GSI). Has its headquarters, the American investment Bank in New York.

The location is London, and Statements made by Barroso himself nourish speculation, the 60-Year-old had been obliged to help in coping with the consequences of the impending withdrawal of Britain from the EU. So was quoted Barroso of the “Financial Times”, the words, he will do everything to the negative effects of Brexit-relieve decision.

“President without portfolio”

Goldman Sachs even tried this from several media alleged impression counter. Talks with Barroso have given it for a year, the company said, compared with the US channel CNBC.

The editorial recommends

The last Time José Manuel Barroso as President of the EU Commission entered into force before the European Parliament. In his closing speech, he wished to have more growth for Europe, and defended his conduct in office. (21.10.2014)

Goodbye EU Commission President Manuel Barroso, British Prime Minister says a policy the opinion of the “negative” of Europe. (20.10.2014)

In the UK, investors pull out, according to the Brexit vote because of the feared disadvantages, apparently, a massive capital. Not only is the British pound crashes, the real estate prices come under pressure. (08.07.2016)

The planned merger of the London and the Frankfurt stock exchange, the potential EU-exit of the British: The nervousness is increasing in the City of London, the main financial centre of Europe. From there, Gerhard Elfers. (11.05.2016)

Officially, the Ex was engaged-politicians as a consultant and “President without portfolio”. He should support the Bank in advising the customer, “would have to cope with the challenging and uncertain economic market environment,” said the Co-heads of GSI.

Brexit is the Problem of US banks

The fact is, however, that the Brexit vote of the British hits the US-American banks particularly hard. Finally, take advantage of the English-speaking financial hub of London, yet as a sort of “portal of Entry” to the European Union. In some cases there are doubts as to whether you can operate your business in the future of the British capital.

Barroso was from 2004 to 2014 the EU Commission President. Prior to that, the Conservative two years, the Portuguese Prime Minister.

gri/cgn (dpa, afp, rtr)