The traditional stock market summer lull extended into September this year, with share prices not showing a great deal of movement over the last month. This was in spite of a key announcement from Mario Draghi, the head of the European Central Bank (ECB). He announced at the start of September that the Bank would buy bonds from distressed peripheral Eurozone member states, provided that certain conditions on reform and austerity were met. This is one of the key policy items the markets have been looking for to help secure a stable future of the Euro.
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