Mario Draghi tried to put his call for massive investment in competitiveness on hold at a conference at the Bruegel think-tank on Monday 30 September. Questioned from all sides about his proposal to make further use of the common debt, he relativised the importance of this part compared to his report as a whole. “As much as I like this concept, it’s not an essential ingredient in this report”, he said, before explaining why he was suggesting the use of a common debt rather than an...