On the morning of Friday 25 October, the ambassadors of the Member States to the European Union (Coreper) held an initial exchange of views on the draft declaration on EU competitiveness that the EU27 are due to adopt on Friday 8 November in Budapest (see EUROPE B13511A1).
According to a European source, the proposed text did not satisfy a large number of delegations, due to its length and the inclusion of several controversial points.
For many, references to the Multiannual Financial...