After failing to agree on an investment shock to support European competitiveness, on Friday 8 November the Heads of State or Government of the EU Member States pledged to simplify the European rules that apply to businesses. They were meeting in Budapest for an informal summit on the theme of competitiveness, which they opened in the presence of Mario Draghi and the President of the European Central Bank (ECB), Christine Lagarde. The EU27 leaders then met to discuss the measures to be...