The problems facing Draghi and his stimulus Measures

European Central Bank President Mario Draghi’s plan to start buying corporate bonds alongside asset-backed securities and government notes is driving down debt costs in the region. There are signs that years of stimulus are starting to encourage companies to borrow but the measures, which included lowering the deposit rate to minus 0.4 percent, have so distorted Europe’s credit markets that investors are paying to park their cash with some companies. Alvine Capital Management Committee Chairman Stephen Isaacs discusses with Bloomberg’s Anna Edwards on ‘Countdown.’