Notice James Bond, say, chasing European (4)

I believe the answer is:

espy

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'notice james' is the definition.
'espy' can be an answer for 'notice' (I've seen this before). I'm not sure about the 'james' bit.

'bond say chasing european' is the wordplay.
'bond say' becomes 'spy' (James Bond is a fictional spy).
'chasing' says to put letters next to each other (some letters chase after others).
'european' becomes 'E' (abbreviation e.g. EU).
'spy' after 'e' is 'ESPY'.

Can you help me to learn more?

(Other definitions for espy that I've seen before include "Watch" , "Observe, notice" , "Catch sight of (poetic)" , "See" , "Spot; observe" .)

I've seen this clue in The Independent.

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