Since the high point of the Eurozone crisis in 2012, Europe has been steadily fading from the headlines as the risk of a break up in the Euro diminished and troubled peripheral countries started to get their public finances under control. Quite clearly the combination of various bailouts, Eurozone leaders focusing on “more Europe, not less” and the efforts of the European Central Bank President Mario Draghi to “do whatever it takes to preserve the Euro” backed up by various monetary programs have been successful. This is all evident in a collapse in bond yields in peripheral countries and a return to economic growth across Europe. However, Europe has hit the headlines again with the ECB providing another significant round of monetary stimulus. This note looks at what it means for Europe, global growth and for investors.