The EU did have a competitivenesspact: the so-called Lisbon Agenda, which was launched in 2000, ran until last year, and was intended to raise the bloc's long-term growth potential.
But the clearest sign that the CompetitivenessPact isn't about competitiveness is the proposal to set a minimum corporate tax rate, which would undoubtedly be higher than the lowest rates currently applied by Ireland, Cyprus and Hungary.
France is not only facing severe competitiveness problems, its leaders have been humiliated by their inability to renegotiate the terms of the European stability pact.