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Last June it asked for help from European rescue funds.
His efforts include tapping rescue funds from Washington.
Instead, rescue funds should flow directly into restructured Cypriot banks.
Europe's rescue funds, though strengthened, could not credibly cover these two.
Analysts worry that more banking bills may surface elsewhere, straining rescue funds.
Allowing the European rescue funds to put money into banks requires approval from national parliaments.
And once established, euro-zone rescue funds could be used directly to recapitalise troubled banks.
Second, the rescue funds should start buying bonds in the primary market.
Add to that two European rescue funds, and you have a total of $2.63 trillion.
Originally it demanded that bondholders should take a hit whenever a country received European rescue funds.
Rescue funds could then be used directly to recapitalise ailing banks.
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CEO of Professional Science Editing for Scientists @ prosciediting.com