Governing Council of the European Central Bank

The European Central Bank (ECB) announced that it would would no longer accept junk-rated Greek government bonds as collateral for regular central bank loans.

The ECB said in a Wednesday statement that it its Governing Council had decided to lift the waiver affecting marketable debt instruments issued or fully guaranteed by Greece.

The euro edged higher and European stocks pulled back on Thursday as investors waited to see what message ECB chief Mario Draghi will send after the European Central Bank's monthly meeting, following another run of poor eurozone data.

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