Still convinced it's different this time? Think again... these 9 charts suggest Europe is very much on its way to Japan... and remember Japan was doing QE through this period too...
click image for large legible version
[6]
"People often frame problems both in Japan and in the Euro area in terms of deflation... [so they] tend to think that they are monetary problems that can be easily solved by monetary policy, and poor policy prescriptions can result.” - Masaaki Shirakawa
Clearly that is not working!
Source: Goldman Sachs
