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This itself, they say, is a form of debt reduction.
They differ mostly about the pace of debt reduction.
All these factors will affect the rate of debt reduction, for better or worse.
but this is necessary to serve the greater cause of debt reduction.
It points out that in many rich countries the process of debt reduction hasn't even started.
Before its economy crashed, Ireland was a star of this sort of debt reduction.
Alberto Alesina of Harvard has surveyed the history of debt reduction.
But finance ministers are still at odds over the effect of debt reduction on economic growth.
France's statement, echoed in Washington and Berlin, said the exact percentage of debt reduction was subject to future negotiations.
The scope for increasing exports is limited by the process of debt reduction in other rich economies.
Small businesses say Americans are loosening up a little after a bewildering period of debt reduction and uncertainty.
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