So, they want to create an european capital market. CEO of Deutsche Bank was very on-board with that. That's ok I guess. Thing is, these people don't want free markets, they just want to funnel more of other people money into artificially "atractive" things to invest.

"Oh this company is a good investment, because it gets govt subsidies to do dumb and unproductive things dictated by the regulations".

They are envious of US capital market, but what they want is something like chinese capital market.

Of course this is me just making a strawman argument, this will be very free and just market with many truly inovative companies EU is famous for.