By Noah Barkin and Andreas Rinke BERLIN (Reuters) - In his first act as prime minister on Monday, Alexis Tsipras visited the war memorial in Kaisariani where 200 Greek resistance fighters were slaughtered by the Nazis in 1944. The move did not go unnoticed in Berlin. Then came the announcement that radical academic Yanis Varoufakis, who once likened German austerity policies to "fiscal waterboarding", would be taking over as Greek finance minister. The assumption in German Chancellor Angela Merkel's entourage before Sunday's Greek election was that Tsipras, the charismatic leader of the far-left Syriza party, would eek out a narrow victory, struggle to form a coalition, and if he managed to do so, shift quickly from confrontation to compromise mode.
By George Georgiopoulos ATHENS (Reuters) - Greek bank stocks fell by more than 22 percent on Wednesday as the Athens market suffered a third day of turmoil following the election of a government led by leftist anti-austerity Prime Minister Alexis Tsipras. Fears that Greek banks, facing increased deposit outflows, could be shut out of European Central Bank liquidity assistance if their assets were no longer accepted as collateral led to a rout as investors dumped financial stocks. Tsipras' new government has defied expectations it would be wary of upsetting European and International Monetary Fund creditors after the election, immediately halting planned privatizations of Greece's biggest port and biggest utility ahead of talks on renegotiating its bailout conditions. "The floor is zero if things go badly in the negotiations between the new government and the rest of the euro zone," said Simon Maughan, head of research at OTAS Technologies.