Buy these safe haven stocks in Europe

European money printing won't fix the eurozone's structural problems. Stock picker Jean Maigrot tips four stocks to withstand a flare-up on the continent.

Each week, a professional investor tells MoneyWeek where he'd put his money now. This week:Jean Maigrot, European equity investment leader and portfolio manager, NewSmith.

Mario Draghi has launched the European Central Bank's (ECB) much-waited quantitative easing (QE). It wasn't the shock and awe QE that I think is needed to turn the eurozone around, but it was double what the market expected. We had remained long on Europe in the run-up to QE, including on banks such as ING and UniCredit. We have now trimmed that.

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Jean Maigrot is European equity investment leader and portfolio manager at NewSmith.