At a meeting of eurozone countries on Monday 7 October, Spain’s Minister for the Economy, Carlos Cuerpo, proposed a new decision-making mechanism to help boost the European Union’s competitiveness.
Inspired by the ‘Draghi’ report (see EUROPE B13478A1), the “competitiveness lab” envisaged by Spain would speed up the implementation of recommendations on financial integration. A group of at least three EU Member States would be sufficient to test initiatives in a “controlled...