What needs to happen for European equities to go from good to great?

ECB stimulus not enough

Chris Bailey, a European strategist at Raymond James Euro Equities, explains why the ECB needs help in order to fully stimulate European growth.

Continuing economic malaise and political paralysis across continental Europe is easy to spot. Below the last generation average economic growth rates? Check. The almost messianic desire for more stimulus? Check. A lack of ongoing flexibility and competitiveness enhancing supply side reform? Check. Europe's recent market falls equate to '82 years of lost risk-free returns' The most important local fixed income market - German bunds - at negligible yields even ten years out. Check. And a lack of decision-making cohesion as evidenced by the response to the migrant crisis? Che...