The President of the European Council, Charles Michel, believes that instead of awaiting the outcome of the debate on creating new European financing instruments, the Europeans should be concentrating on “other very powerful tools” such as completing the Capital Markets Union (CMU), or even recapitalising the European Investment Bank (EIB), to give the European Union a competitive edge over its foreign economic rivals.
“There is a democratic debate on the issue of ‘Eurobonds’ and...