Judging by the latest monthly meeting of the ECB, it starting to think in a similar way. Another cut in interest rates, a new bond purchasing support scheme and continued rhetoric from Mario Draghi, the President of the ECB, to 'use additional measures' if required.
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That's all good news but it is not enough. Just as Ben Bernanke, when he was Federal Reserve chairman, needed to announce multiple forms of quantitative easing ('QE1', 'QE2' and 'QE3') the ECB is going to have to do more.
Here is the problem. Both eurozone growth and inflation are too low. At today's press conference Mario Draghi announced further cuts to 2014 and 2015 expected economic growth and inflation levels. Even the sharp fall in the euro today is not going to be enough alone to stimulate the eurozone alone. More help is needed and this is where Ben Bernanke's quantitative easing obsession comes in.
So what does this mean for equities in the eurozone? Like it or loathe it quantitative easing has been good news for U.S. stocks and, over time, its use will similarly have a positive impact for shares in the eurozone, which has lagged its U.S. cousin this year. But this is over time -- until the ECB steps up and imposes quantitative easing, eurozone shares are going to be volatile and feel like, at best, a stock-picking market.