The typical bank is capitalized with equity, long term debt, short term debt, and deposits.

But what matters is long term debt.

But these arguments do not withstand scrutiny. If the tax deductibility of interest made debt attractive, then bankers should be indifferent between long term debt and short term debt.

But, again, it is unclear why they should prefer short term debt.

US regulators are strongly hinting that they will allow long term debt to default in a bank failure, while affirming that they will find a way to bail out short term debt.

It winds up borrowing temporarily with short term debt then, as borrowing accumulates, it is refinanced with longer term securities.

If financial markets view them as likely to follow through, the too big to fail boost may apply more to the big bank s short term debt than to any banks long term debt.

The will of the voters becomes subordinated to the need to end the chaos.

Advanced countries need credible medium term plans to stabilize and reduce public debt.

In June 2004, the Evian approach was applied to examine the debt of Gabon, and the Debt Sustainability Analysis concluded that Gabon's debt is sustainable in the short term.

Ireland s authorities have conducted similar recent operations, exchanging short maturity paper for longer term debt.

America s current budget negotiations should focus on achieving a credible long term decline in the national debt, while protecting economic expansion in the near term.

Debt and inflation will reappear as medium term problems, so it is critical that the fiscal ammunition used helps long term productivity, growth, and sustainability.

Unlike insurance companies and pension funds, they have no long term debt or future payment obligations.

Long term sustainability of debt depends mainly on the growth and export prospects of debtor countries.

Restoring growth in the short term while addressing debt problems in the medium and long term may well be the only valid response to the crisis.

A long term alternative requires some capacity to write down debt where it has reached excessive levels.

The revenues gained from selling the electricity is used to repay CRC Breeze Finance s long term debt.

Reaffirms that the exercise of the basic rights of the people of debtor countries to food, housing, clothing, employment, education, health services and a healthy environment cannot be subordinated to the implementation of structural adjustment policies, growth programmes and economic reforms arising from the debt

Lukashenko, simply, does not intend to allow even a small part of his army to become subordinated to Moscow.

At the same time, we expanded the scope of individual rights, which had long been subordinated to security concerns.

In such a situation, the only option available for the Government was to seek debt restructuring to alleviate the debt burden or to have short term cash flow relief.

The G 20 will not achieve growth and stability without a renewed focus on long term debt reduction.

The Paris Club Agreement with Iraq of November 2004 represents a significant step towards long term debt sustainability.

Any holder of Greek debt, especially long term debt, must calculate the likelihood that Greece s political system will prove strong enough to push through the reforms needed to enable the country to service its debt fully (and on time).

The captaincies created there were subordinated to a centralized administration in Salvador which reported directly to the Crown in Lisbon.

These and other factors are a practical example that before the Family Law, women are discriminated and subordinated to men.

Created in 1985, the Council was the first women's mechanism in Brazil and was subordinated to the Ministry of Justice.

Everyone agrees that the country s public debt is too high and needs to be reduced over the longer term.

Austerity, it was argued, was needed to stem the rise in the debt ratio and safeguard long term growth.

Moreover, by measuring the too big to fail subsidy on the basis of banks long term bonds, the Goldman report misses much. It is a big bank s short term debt that sinks it in a crisis, and it is this debt that is bailed out first.

India s external debt burden is even more favorable, at only 21.2 of GDP (much of it owed by the private sector), while short term external debt is only 5.2 of GDP.

Local currency government debt markets have performed fairly well during the crisis, while local currency corporate debt markets have played a more modest role as a vehicle for longer term finance.

Previously autonomous regulatory bodies (such as the competition authority) have been quietly subordinated to the government, with no debate or discussion.

Higher and pro cyclical equity capital requirements on banks, combined with a requirement to raise contingent long term debt debt that converts into equity in a crisis is a better way forward.

It can be done Germany is reducing its debt burden to sustainable levels while strengthening its long term growth prospects.

And, in the longer term, we would have a viable international model of how to tackle severe sovereign debt problems.

Likewise, they cannot fix debt overhangs, repair broken home financing, or address medium term fiscal reform challenges on their own.

Nonetheless, Europe needs to be much more generous in permanently writing down debt and, even more urgently, in reducing short term repayment flows. The first is necessary to reduce long term uncertainty the second is essential to facilitate near term growth.

If the deficits are monetized by central banks, inflation will follow the short term deflationary pressures if they are financed by debt, the long term solvency of some governments may be at stake unless medium term fiscal discipline is restored.

Burundi's foreign debt had recently been cancelled and there was every indication that the economy would recover in the short term.

But longer term US interest rates are very much affected by what happens in the rest of the world and how private sector investors view US government debt relative to other countries sovereign debt.

The medium term fiscal outlook continues to deteriorate while, in the short term, politicians play with the country s valuable AAA credit rating by arguing like schoolchildren over how to extend the debt ceiling.

Creditors could be offered these par bonds, or a shorter term bond with a higher coupon but with debt principal marked down.

But hints of new fiscal imprudence or of backsliding on long term debt consolidation and reduction can drive up borrowing costs dramatically.