EU needs to get capital market in gear to help COVID hit companies - advisory body

LONDON (Reuters) - Fresh efforts next month to improve the European Union capital market for companies hit by COVID-19 recession won't work without top level political support, a forum advising the bloc on capital markets warned on Tuesday.The EU has long envied the United States for the ability of its capital market to issue stocks and bonds to fund company growth while the bloc relies heavily on loans from banks.Attempts since 2015 to create a Capital Markets Union have made limited progress..