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As a result, our nation's default debt reduction plan kicks in.
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(James Feyrer and Bruce Sacerdote) Debt reduction without default?
So the buyback would have to be compulsory — a default, in other words — for Greece to get the debt reduction it needed, said Harald Benink, a professor of banking at Tilburg University in the Netherlands.
You could say anybody who has defaulted up to a certain date will get his debt reduction, after that, not.
S.& P. and two financial industry groups listened to various proposals for debt reduction and warned the lawmakers of the impact a default would have on world markets, according to a Congressional staff member in attendance.
The idea that a policy that leads to little or no debt reduction after 2015 will lead to market panic about a possible British default is laughable.
Having partially defaulted on its huge debt payments in March, Grenada is now proposing that all creditors negotiate a debt reduction.
"Default, debt ceiling, default, blah blah blah".
Debt reduction took place in two stages.
How debt reduction occurs is also important.
"Debt reduction for developing nations".
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