Stock markets around the world fell on Tuesday on concerns about Ireland's debt troubles and fears Portugal and perhaps Spain could also face difficulty financing their fiscal deficits.

全球股市周二普遍出现下跌，主要是忧虑爱尔兰债务危机并担心葡萄牙和甚至西班牙可能在解决财政赤字方面也将出现困难。

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To assess the absolute risk of a crisis you need to estimate external-financing needs (defined as the sum of the current-account balance and the stock of short-term debt) over the next 12 months.

为评定危机的绝对风险需要估计外部筹资需求（定义为经常账户余额和股票短期借款的总和）在接下来的12个月中。

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The Convertible Company Bond plays positive function for companies in financing with low cost, getting high stock premium, improving finance structure, etc.

可转换公司债对于公司低成本筹集资金、获取高股票溢价、改善公司的财务结构等方面有着积极的作用。

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Still, while Hoku shares are up to previous levels, Stone believes the real driver for the stock will come when the project financing package is finally signed.

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This would often cause the stock of thinly-traded companies receiving the financing to plummet.

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When history books are written on the last several years my only hope is that proper credit is given to the creative financing which was the direct catalyst for the stock market bottom and subsequent rise.

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