Swiss bank UBS has hired the UK's former European Commissioner, Jonathan Hill, to advise corporate customers about Brexit, it was revealed on Tuesday (29 May), prompting 'revolving door' concerns once again.
A small, internal group that reviews ethics breaches at the European Commission should be turned into a legal inquiry board and given its own staff to better police potential scandals like former President Jose Manuel Barroso's lobbying job with Goldman Sachs, transparency campaigners contend.
Former Commissioners are enjoying fat transitional allowances, even though they may already be working in the private sector or even if their time at the executive was only fleeting, according to German media. EURACTIV Germany reports.
Hundreds of thousands of EU officials and citizens have signed a petition calling for a suspension of pension rights to former European Commission president José Manuel Barroso for taking a job at Goldman Sachs.
Former Commission President Barroso’s job offer at Goldman Sachs has prompted outrage. But the real problem is the EU’s lack of transparency and democratic oversight. Interaction with the private sector through the so-called “revolving door” should be encouraged, write Katinka Brouwer, Penelope Bergkamp and Dr Lucas Bergkamp.
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