The European Central Bank has decided to buy government bonds from member states with strict conditions, in an effort to resolve the eurozone’s debt crisis. Speaking to reporters after a meeting with the ECB’s governing council on Thursday in Frankfurt, ECB President Mario Draghi announced the new bond-buying program, which will replace 2010’s Securities Market Program. He said the program will help to correct problems in the current credit market, and said the ECB will act independently within its jurisdiction.