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Three Greek banks tap 2 billion euros in emergency funding, sources tell Reuters
By George Georgiopoulos
Tuesday, February 3, 2015
ATHENS, Greece -- Three of Greece's four major banks have started to tap emergency funding from the Greek central bank as some depositors have withdrawn their money due to political uncertainty, two sources familiar with the situation told Reuters on Tuesday.
Greek banks are facing a new crisis after Prime Minister Alexis Tsipras's left-wing government stormed to power last week with a pledge to abandon a bailout lifeline keeping the country afloat.
Tightening liquidity conditions ahead of a Jan. 25 election prompted the Bank of Greece to ask the European Central Bank to approve the emergency liquidity line for all the country's top lenders -- National, Piraeus, Alpha, and Eurobank. ...
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