ECB Adds State-Backed Company Bonds to Its QE Purchase List

``"Mario Draghi is overstepping the mark," said Jeroen Van Den Broek, the head of developed markets credit strategy and research at ING Bank NV in Amsterdam. "These aren't euro agencies. They are companies that have some form of government ownership. QE should stay well away from the euro corporate bond market because it's already very squeezed and illiquid. QE will make that worse." ''