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He said they would be asked for similar terms of debt reduction.
During the last period of debt reduction, 1946 to 1975, it was cut by half.
This itself, they say, is a form of debt reduction.
In the past the feeling was that either you present new money or debt reduction.
Also, inadequate attention was then being given to debt reduction.
For other banks, the type of debt reduction will be the issue.
I think we're going to see pressure on the banks to do more about debt reduction and new money.
Net debt reduction in 1990 is less than half a billion dollars.
That in turn would reduce the amount of money available for debt reduction.
Second, the banks should not be able to choose between debt reduction and new money.
It is simply that the Treasury's debt reduction plan has turned the market on its head.
That option would produce the same debt reduction as the first one.
Others have argued that the debt reduction, in the case of Mexico, was not enough.
The debt reduction techniques have been in use for several years, with limited success.
Debt reduction, a clean environment, adequate education and health care?
Then the choices for debt reduction or new loans will be made.
He said the government would push ahead with reforms and debt reduction.
Some members of Congress want faster debt reduction and are considering ways to force it.
All these factors will affect the rate of debt reduction, for better or worse.
Those arguments, from both left and right, will still have to compete with the case for debt reduction.
The alternative is to push the task of debt reduction even further into the future.
For one thing, the idea of debt reduction troubles many bankers.
"Achieving a sustained policy of debt reduction is very difficult, to say the least."
Argentina, on the other hand, is still trying to qualify for debt reduction.
The Social Security money is instead going toward debt reduction.