Greek Prime Minister Alexis Tsipras (R) and Deputy Prime Minister Giannis Dragasakis attend a swearing in ceremony of the new parliament in Athens on February 5, 2015. AFP PHOTO/ARIS MESSINIS
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A European Central Bank decision to strike Greek bonds off its list of accepted collateral rattled European markets Thursday, sending shares into reverse and investors back into safe-haven German bonds.Greek bank shares fell 15 percent, leading a 6 percent decline by the Athens stock market.The ECB move means the Greek central bank will have to provide Greek banks with billions of euros of emergency funding. The euro dropped after the ECB decision late Wednesday.Oil markets steadied after dropping nearly 10 percent in the previous session, ending a four-day rally.The ECB's ban on Greek bonds worried Asian stock markets.
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