Skip to content
CityAM
Main navigation
  • News
    • News
      • Latest Business News
      • Economics
      • Politics
      • Tech
      • Banking
      • FTSE 100 Live
      • Retail
      • Insurance
      • Legal
      • Property
      • Transport
      • Markets
    • From our partners
      • AON
      • Bayes Business School
      • Canada BIDs
      • Central London Alliance CIC
      • Destination City
      • Halkin
      • Olympia
      • Inside Saudi
      • Tottenham Hotspur Stadium
      • Santander X
      • YEAR SIX Dividend
    • Featured

      Advertising at World Cup: Levi’s genius, hydration breaks and dodging rules

      Breaking news event with diverse crowd gathered outside urban office building on sunny day, capturing vibrant city life.

      Submit a story

      Tell us your story.

      Submit
  • Opinion
  • Sport
    • Latest Sports News
      • Sport
      • Sport Business
    • From our partners
      • The Morning Briefing: SBS x CityAM
      • Aramco Team Series
      • LIV Golf
    • Featured

      Advertising at World Cup: Levi’s genius, hydration breaks and dodging rules

      Breaking news event with diverse crowd gathered outside urban office building on sunny day, capturing vibrant city life.

      Submit a story

      Tell us your story.

      Submit
  • Life&Style
    • Life&Style
      • Life&Style
      • Toast the City Awards
      • The Magazine
      • Travel
      • Culture
      • Motoring
      • Wellness
      • The RED BULLETiN
      • Do it with Shared Ownership
      • Media Speak Hub
    • Featured

      Procter & Gamble axes relationship with Kremlin propaganda channel

      007 PG news article image featuring a business meeting with executives discussing strategy at a modern conference table

      Submit a story

      Tell us your story.

      Submit
  • Investec
  • Events
  • Latest Paper
Thursday 14 February 2019 10:57 pm  |  Updated:  Monday 03 June 2019 1:00 am

Editor’s Notes: The EU simply chooses which rules to enforce and which to ignore

Allow me a moment away from our own Brexit turmoil and to focus instead on a nasty spot of rot right at the heart of the European Commission.

While the Brexit process has made some of the EU’s top brass more recognisable to a British audience, it’s unlikely that many could identify one of its most powerful and notorious ruling figures: Martin Selmayr.

Read more: Juncker refuses to reopen Brexit negotiations

Selmayr is now secretary-general of the European Commission, the most senior civil servant of the entire EU apparatus.

But the circumstances surrounding his appointment are mired in deep controversy. So much so, that the EU’s own watchdog, the European Ombudsman, has investigated the process and found that Selmayr’s promotion from Jean-Claude Juncker’s chief of staff to the new top role “did not follow the EU law, in letter and spirit, and did not follow the Commission’s own rules.”

Having previously advised on a more transparent recruitment process, the Ombudsman added “it is highly regrettable that the Juncker Commission chose not to implement this recommendation.”

The findings of a five-month investigation into the appointment of Selmayr also identified four acts of “maladministration” regarding the fast-tracking of Selmayr above his existing grade – running a coach and horses through established procedure.

At a time when the EU faces significant challenges from parties and movements incensed by its opaque and anti-democratic tendencies the Selmayr scandal appears particularly grotesque.

What’s more, the response of the Commission is wholly inadequate, saying only that they “take note” of the Ombudsman’s findings but “have a different reading of the applicable rules.”

The next time someone tells you the EU is a “rules-based organisation” just remember this shoddy scandal.

Murky water beneath the failed bridge project

Given that this scandalous vanity project has cost the taxpayer over £40m, it’s hard to disagree with the City Hall voices calling for an inquiry.

Read more: Revealed: The final cost of Boris' scrapped Garden Bridge project

The Garden Bridge was backed to the hilt by celebrities and politicians blinded by the feel-good visuals and, we now know, blind to the serious problems that emerged very early on.

The web of intrigue, conflicts of interest, dubious processes and profligate expenditure has been pieced together by Will Hurst of the Architects’ Journal.

Readers of the Evening Standard hoping for an account of this scandal should turn to Hurst’s reporting – since they won’t find anything on it in the pages edited by former chancellor George Osborne, who nodded through the cash.

Corbyn wide of the mark with fat-cat attacks

Jeremy Corbyn enjoys talking about the fat cats and the undeserving rich but a new study suggests that the great British public don’t share his instinctive hostility towards those with the largest bank accounts.

Rainer Zitelmann, an economist in Berlin, commissioned a poll of people in the UK, France, Germany and the US to compare their attitudes towards the wealthy.

Respondents were asked whether they would support “drastically” shrinking the income of highly-paid bosses and distributing the cash among workers. Just 29 per cent were in favour compared with 54 per cent in France.

Only 20 per cent of Brits agreed that the “super-rich” are to blame for the world’s problems, compared with half of Germans.

Most interestingly, Zitelmann examined how much we envy the rich and measured the proportion of “enviers” to “non-enviers” – finding that while we Brits are quite relaxed in this area, the French were at the opposite end of the spectrum.

Kondo mops up tidy sums

Having observed the mountains of coverage given to “organising consultant” Marie Kondo, I watched the first episode of her new Netflix show, where she introduces people to her KonMari method of tidying. 

With a liberal dose of pop psychology, aided by credulous couples who need to order their chaos, Kondo promotes her own theories and practices, which amount to folding clothes, organising kitchen drawers and clearing up the garage. This revolutionary theory has helped her flog millions of books. Hats off to her!

Deutsche launches exclusive club amid job cuts

Read more: Deutsche Bank hits back over calls for cuts to investment banking unit

Deutsche Bank is not alone in struggling to make ends meet in investment banking, and they’ve slashed thousands of jobs in a major overhaul.

Now top shareholders are calling for even more cuts. It seems as if things are more relaxed over at their wealth management division, which yesterday announced “the smallest and most exclusive private members’ club in the world” – popping up at an LA art fair. Room enough for DB’s remaining investment bankers?

Share this article

  • Facebook
  • X
  • LinkedIn
  • WhatsApp
  • Email

Similarly tagged content:

Sections

  • News

Categories

  • Business
  • Politics

Related Topics

  • Brexit
  • Deutsche Bank
  • George Osborne
  • Jean-Claude Juncker
  • Jeremy Corbyn
  • Netflix
  • People

Trending Articles

  • Who could be Andy Burnham’s Chancellor? 

  • As it happened: Stocks recover after markets rocked by tech-sell off; US claims ‘good foundations’ of Iran deal

  • As it happened: FTSE 100 finishes higher as US-Iran talks progress and Starmer resigns; Space X shares fall after bond sale

  • Coca-Cola brings in restructuring lineup over failed Costa sale

  • Starmer will resign, Trump says

More from CityAM

  • The EU has regulated itself out of the AI race but the UK is still in the game

    AI
    Keir Starmer and Ursula von der Leyen in discussion at a political summit meeting, emphasizing UK-EU relations.
  • Banks call for ‘political mandate’ to bolster European defence

    Banking
    News article image depicting a significant business meeting with diverse executives discussing strategy around a conferenc...
  • On this day: Brits vote in referendum that changes everything

    Opinion
    UK flag and EU flag waving side by side, symbolizing Brexit referendum discussions and future political relations.
  • Starmer weighs cut to EU student fees in bid for Brexit reset

    Politics
    Prime Minister Keir Starmer speaks at a press conference addressing future leadership rumours, wearing a navy suit and tie.
  • Brexit 10 years on: Labour’s EU reset deal is ‘no growth strategy’

    Politics
    According to a new report from UK in a Changing Europe (UKICE), UK services trade has been more resilient than almost all other advanced economies.
  • Bunq: Revolut rival eyeing up UK banking licence bid

    Fintech
    Ali BU21 engaging in business discussion, highlighting strategic insights amidst dynamic corporate environment
  • Brexit 10 years on: Business does not want a referendum rerun, says CBI chief

    Business
    CBI Chief Economist Newton-Smith addressing economic trends at a business conference podium with charts in the background
  • Gulf trade deal: Britain should learn from the success of Dubai

    Opinion
    Dubai skyline featuring iconic skyscrapers and modern architecture under a clear blue sky, showcasing the citys urban land...

CityAM Canada — business, markets and opinion for Canadian readers.

Sections

  • Business
  • Markets
  • Tech
  • AI
  • Economics
  • Opinion
  • Cities

Company

  • About
  • Contact

Legal

  • Terms of Use
  • Privacy Policy
  • Cookie Policy
© 2026 CityAM Canada. All rights reserved.
Terms · Privacy · Cookies