Bans in France, Italy and Spain were imposed on August 11 as temporary, for 15 days, but now, market regulators extended the terms. In Spain and Italy bans could remain until September 30 and in France until November 11.
In Belgium bans are indefinite, but regulators are willing to lift if the market conditions change.
Some observers say that the effectiveness of these measures in figures is irrelevant. Others argue that effectiveness is not measured in securities but in the calm of the markets and they are quieter since the bans were implemented, so it is better to keep them.
The latter view responds to reality: the unrestrained run against the sovereign bonds and bank stocks has slowed since the bans were implemented.