Euro bond and Pension Benefit Guaranty Corporation: Difference between pages

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imported>John Grout
(To clarify a little)
 
imported>Doug Williamson
m (Organisation check 6/5/13 - no change)
 
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A proposed new debt instrument for the euro area, also known as a Stability Bond.
(PBGC). ''US Pensions''. 
An organisation set up by the US government to take over the assets and liabilities of insolvent pension funds and to provide limited guarantees as to the payment of pensions by those funds.


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.
The PBGC has wide powers to investigate US pension schemes and their sponsoring companies.


This proposal is sometimes known as 'common issuance' (contrasted with separate sovereign issuance by each individual country as at present).
The equivalent in the UK is the Pension Protection Fund.  
 
The spelling without the space has begun to dominate the literature even though that may cause confusion given the established meaning of [[Eurobond]], some authors seeking to use the term [[international bond]] for the latter.
 
''Note'' Take care: a bond denominated in euros is a 'euro bond' in the same way that a bond denominated in dollars is a 'dollar bond'. A euro bond in that sense may be a [[domestic bond]], a Eurobond or [[international bond]], a [[foreign bond]] and even, if any are ever issued, a Euro bond as used in this entry.


== See also ==
== See also ==
* [[Eurobond]]
* [[Pension Protection Fund]]

Revision as of 13:57, 6 May 2013

(PBGC). US Pensions. An organisation set up by the US government to take over the assets and liabilities of insolvent pension funds and to provide limited guarantees as to the payment of pensions by those funds.

The PBGC has wide powers to investigate US pension schemes and their sponsoring companies.

The equivalent in the UK is the Pension Protection Fund.

See also

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