Barroso says Goldman Sachs ‘not drug cartel’ in tirade against EU inquiry

‘Former EU Commission chief Jose Manuel Barroso has come up with passionate defense for his choice to join Goldman Sachs’ London arm weeks after Brexit vote by insisting the bank is not as bad as it seems and definitely “not a drug cartel.”
The timing of Barroso’s career-changing move in July to a senior adviser position at Goldman after serving as the EU Commission president from 2004 to 2014 has landed him in hot water.
Last week, his successor, Jean-Claude Juncker, launched an ethics investigation into the matter, calling on Barroso “to provide clarifications on his new responsibilities and the terms of reference of his contract.”’
Read more: Barroso says Goldman Sachs ‘not drug cartel’ in tirade against EU inquiry