Reuters: ECB said to approve emergency funding for Greece

Reuters:

• ECB said to approve emergency funding for Greek banks
• ECB has approved an emergency funding line for Greek banks for 2 weeks to be provided via the country’s central bank, Reuters reported, citing a person in banking familiar with the matter

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Reuters being quoted over the Bloomberg

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The Greek election is on Sunday (January 25) and it looks like Syriza are still in front … A Syriza victory could trigger a standoff with Greece’s European Union and IMF lenders and unleash a new financial crisis. Note we had reports that Two Greek systemic banks reportedly submitted requests for emergency liquidity assistance.