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If the agreement between the creditors is not achieved then this new club can set sail without any issue of debts holding it down.
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The payment that was due Tuesday applied to a $650 million issue of debt, comprising several senior notes due in 2014.
But, on the issue of debt relief sought by Greece, he said: "This is not the time to discuss that issue".
Mr. Romney began his speech by saying that the issue of debt was bipartisan, saying that "the issue isn't who deserves the most blame".
"You're in a position to roll back the tax cuts that Democrats instituted, roll back the property tax increase that Democrats passed, you see language in there that addresses the issue of debt," he added.
"The entire gamut of relations between our two countries will be on the agenda, in particular the issue of debt," one Iraqi was quoted by the Itar-Tass news agency as saying.
Throughout Mr. Clinton's two-day visit here, Mr. Obasanjo has repeatedly raised the issue of debt relief, encouraging the wealthy nations of the world to forgive the large sums amassed by previous African rulers.
For now, Mr. Sinha said, he is trying to keep "the issue of debt cancellation on the political agenda, given that most other things are being squeezed out by war".
The following assumptions underlie the model: (1) There is a firm which has equity and a single issue of debt which promises a flow rate of coupon c per unit time.
Two factions grew up around the issue of debt relief.
The deal announced Monday morning kicks the can forward on the crucial issue of debt relief.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com