ECB’s Klaas Knot rags on France and Italy

Klaas Knot has it in for France and Italy by earlier saying that the pace of reforms remains too low in the two countries. Speaking in a Dutch RTZ-Z interview he says that reforms without the pressure of the market are not easy but need to be done and the eurozone is more stable now than in 2007.

ECB’s Lautenschlaeger says extension of full allotment ops underlines ECB’s intention to keep rates on hold

Targeted liquidity operations will take longer to take effect, I’m thinking more of next year than this Asset buying program is in ECB arsenal in principle but requirements for using this must be especially high Rates to stay at present level for a long time Germany’s new ECB member Sabine Lautenschlaeger sees QE a long long way down the road. “Only in a real emergency situation, for example in the case of imminent deflation, should broad based asset purchases be considered”