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Salmon and Klein make similar criticisms, related to how the report takes debt into account.
It says it already takes debt and pensions and the like into account when issuing its fiscal advice.
But de-equitization takes debt financing, which is far cheaper than equity in Europe as compared to the United States.
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"There are hedge funds who have taken debt positions.
Taking debt into account, Apple's business had already passed Microsoft's in value.
Salmon and Klein argue that this method is misleading, because the wealth estimates all take debt into account.
Once you take debt interest and other factors into account, total public spending may have to fall by 2.3% a year.
Privately, finance ministers across the eurozone, most of them representing right-of-centre administrations, have accepted that Varoufakis will take debt talks to the edge.
The price/earnings ratio, while helpful, does not take debt into account.
A few decades ago corporations took debt off their balance sheets by selling real estate and leasing it back.
Enron used the SPEs in transactions designed to take debt off its balance sheet and protect the good credit rating critical to its highly leveraged capital structure.
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