So that makes Cameron dead right - we have to reduce private debt, not increase it.

They are legal tender for all debts public and private at their face values.

"This note is legal tender for all debts public and private."

But only about $2 million is available through private debt.

That would involve seeing a relationship between private and public debt.

Note he is talking about total debt, private and public.

They were not always considered legal tender for private debts.

However Greece's problem have nothing to do with private debt.

There are public and private debts, which we must repay.

There is also a need to avoid public and private debt.