Deutsche Bank Research says that in recent months, soaring government debt has shaped public debate over economic policy in the Eurozone. One often overlooked aspect is that the deficits of some countries are not only attributable to crisis-related revenue shortfalls and higher spending or poor budget policy. They are partly also due to reduced growth prospects resulting from a country’s lack of competitiveness. The differences in competitiveness are increasingly becoming a problem for EMU (European Monetary Union), especially since the gaps between the member states have grown over the past few years. Meanwhile last week, BusinessEurope, the pan-European business group representing 40 national business organisations in 34 countries, slammed governments for paying lip service to the goal of completing the European Union’s single market and for an EU budget that gives undue weight to agriculture over economic competitiveness.