Three Greek banks tap two billion euros in emergency funding 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of Greece’s four major banks have started to tap emergency funding from the Greek central bank as some depositors have withdrawn their money due to political uncertainty, two sources familiar with the situation told Reuters on Tuesday.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 of the country’s top lenders – National (NBGr.AT), Piraeus (BOPr.AT), Alpha (ACBr.AT) and Eurobank (EURBr.AT_3″>EURBr.AT). The ECB, which approved the emergency funding line for two weeks, is due to reassess the situation on Wednesday in what could be a tense meeting. Germany’s Bundesbank is critical of Greece’s use of such funding as it believes it could be used to support the government by soaking up its new short-term debt issuance which might otherwise be hard or more costly to sell. The sources said the banks have borrowed about 2 billion euros (1.50 billion pounds) from the Bank of Greece since use of the ELA facility was approved by the ECB on Jan. 21. They declined to name the banks that used the facility. The request was submitted after Eurobank and Alpha applied to be able to tap emergency funding as a precaution because customers had been withdrawing cash before the snap election, called after the previous government lost a key parliamentary vote. Deposit outflows have continued since the election although bankers say they have started to slow this week. Under emergency liquidity assistance, national central banks can lend to commercial banks if the ECB gives its approval. More