Euro bond and Owner earnings: Difference between pages

Revision as of 14:20, 23 October 2012

Owner earnings are defined briefly as:

Earnings after tax; ADD Depreciation and certain other non-cash charges; LESS Capital expenditure requirements; LESS Working capital requirements.

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-A proposed new debt instrument for the euro area, also known as a Stability Bond.
+Owner earnings are defined briefly as:
-The new instrument would be denominated in euro and issued <u>jointly</u> by a number of relevant countries, for example all of the euro area (informally Eurozone or [[Euro zone]]) countries.
+Earnings after tax;
+ADD
+Depreciation and certain other non-cash charges;
+LESS
+Capital expenditure requirements;
+LESS
+Working capital requirements.
-This proposal is sometimes known as 'common issuance' (contrasted with separate sovereign issuance by each individual country as at present).
+== See also ==
+* [[Earnings]]
-== See also ==
-* [[Eurobond]]