Watchdog with teeth can help EU hunt unicorns

News Snapshot:

BRUSSELS, July 11 (Reuters Breakingviews) - Europe wants to keep its home-grown innovators from going abroad in search of new funding, not just new sales. Yet national barriers make the European Union’s single market more of a dream than a financing resource. Far from adding red tape, joined-up supervision is a benefit the EU could offer its entrepreneurs. EU leaders regularly pay lip service to the importance of the “capital markets union” – a sought-after single market for finance – in their quest to boost competitiveness and rally economic resources. Rising trade tensions with China, and the EU’s own desire...