Has the eurozone's QE cycle helped or hindered the region so far?

Economists have been emphasising the need for eurozone economies to start behaving more like those of the UK and US, but in reality the region is becoming more correlated with Japan than ever before, explains Chris Bailey, European strategist at Raymond James Euro Equities

Six weeks after announcing the roll out of quantitative easing (QE) in the eurozone on  9 March, the president of the European Central Bank (ECB), Mario Draghi, felt compelled to note at a press conference last month that the bank's monetary policy decisions "had worked".  Shorter-term investors would probably agree with this statement, as regional equity indices in Europe have outpaced their equivalents in America handsomely during 2015 so far, (even if these gains for many investors outside the eurozone have been whittled away by the sharp depreciation of the euro). Similarly, whi...