The European Competitiveness Summit on 17 and 18 April ended with the EU27 leaders agreeing on how to complete the Capital Markets Union (CMU). The subject was discussed at length, and it was a “difficult” meeting, according to the President of the European Council, Charles Michel, who nonetheless welcomed “substantial decisions” and “a step forward”.
Together with former Italian Prime Minister Enrico Letta, Charles Michel reiterated the urgent need to make progress on the...