ECB action sparks the debt debate

Last week, the ECB stepped up its range of policy instruments to stimulate investment and economic activity across the eurozone.

This included an innovative move to allow the ECB to invest directly in non-financial companies, which suggests borrowings could be available at very low interest costs for a wide range of companies.

The concept will allow the ECB to buy bonds in companies that have investment-grade ratings, which are provided by independent agencies.