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