11.   That debt will then have to be paid in the future.

12.   The debt has two components.

13.   The debt should have a maturity of eight years with call and put options at three years, Brigagao said.

14.   The debt would also have to be covered by revenue from other events anticipated by Giuliani, like conventions, Super Bowls and the NCAA basketball Final Four.

15.   Those debts have had in general longer maturities and lower interest rates.

16.   Our large debts will have to be restructured in one way or another.

17.   Poleshchuk, however, insisted the debt would have to be paid either the federal or local government, not the power company.

18.   Bankruptcy debts have hit record highs, domestic consumption is stagnant and the financial system is weighed down by massive bad debts.

19.   But the state debt does not have to grow accordingly, he said.

20.   He said if Moscow wants continued German support for such loans, the debts have to be repaid.