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.

In the past the feeling was that either you present new money or debt reduction.

This itself, they say, is a form of debt reduction.

That in turn would reduce the amount of money available for 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.

Also, inadequate attention was then being given to debt reduction.

Second, the banks should not be able to choose between debt reduction and new money.