Commission President José Manuel Barroso today refused to answer a question by UKIP MEP John Bufton
on the possibility of a conflict of interest relating to his friendship with giant Greek banker, Spiro Latsis.
Barroso was answering MEPs' questions in Strasbourg in the segment 'Question Time with the Commission President', when Mr Bufton brought up the question of who is benefiting from the Greek bailout package.
"Can you please tell me, who is really profitting from the Greek bailout package?" John Bufton asked. "Is it the people of Greece, or Greece's richest private banker Spiro Latsis, who holds a 40 percent stake in the third biggest bank in Greece, Eurobank EFG Group?
"Could your friendship with Mr Latisis be possibly a conflict of interest?"
President Barroso replied that the bailout package was for the benefit of the Greek people and the European economy in general. Had it not been so, he said, it would not have been approved by the 27 member states.
"Regarding the question - the insinuation you make - I really believe that it does not deserve any kind of answer," Mr Barroso concluded.