Jacques Santer, 74, will run a special purpose investment vehicle (Spiv) designed to raise funds to defend the Eurozone. He was president of the European Commission in 1999 when it was forced to resign en masse over a devastating report alleging corruption. Martin Callanan, leader of the Conservative MEPs, said Santer’s return was “like putting Dracula in charge of the blood bank” and UKIP leader Nigel Farage dismissed it is “almost laughable”.
Santer was not accused of wrongdoing in the EU scandal . Yesterday supporters said he was a man of integrity.