Europe must rein in "excessive nationalism", and pay more attention to the Draghi Report on European Union competitiveness, according to Former Italian Prime Minister and Bocconi University President, Mario Monti. Monti says most of the obstacles that stand in the way of a unified single market are "in the hands of member states". He adds that defensive actions have been taken to "preserve political power by some governments" and that Europe must reduce the degree of hypocrisy in order to become more effective. Monti spoke to Francine Lacqua on The Pulse. (Source: Bloomberg)