ECB's Greek bond ban hits Europe, Ukraine woes slam currency
Reuters - Feb 05, 2015
A European Central Bank decision to strike Greek bonds off its list of accepted collateral caused European shares and bonds to fall on Thursday, though losses were being cut and Wall Street looked set for a positive start.
As the ECB's move ratcheted up pressure on Greece's new anti-austerity government, the pan-European FTS Eurofirstshare index fell 0.4 percent after the euro tumbled overnight.
Greek bank shares plunged over 20 percent and the country's short-term debt yields surged to almost 20 percent. Both then pared their losses, leaving stocks down just 7 percent..
