- Banks will need to raise capital levels to 9% by June 2012;
- The EU will leverage up a new China-backed bailout fund to achieve ¿1trillion of lending;
- A "voluntary" bond exchange with a 50% haircut for privately held Greek government debt;
- The EU will pursue term funding guarantees for banks.
3 Reasons the European Bailout Could Fold Like a Cheap Tent
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