S&P sovereign ratings head Moritz Kraemer, speaking on Bloomberg:
- ‘Writing of QE is on the wall’ for Europe (that means he thinks it will happen)
- Many imbalances in Europe, need to be addressed
- Low rates created ‘sense of complacency’
- Sees problems in Europe due to coordination issues
- Says ECB action allows governments to continue dithering
- Negative outlooks watched closely are France, Italy
Headlines on Bloomberg
