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| Europe |
| Data: French Deficit, Public Debt in 2013 Worse than Expected |
| 2014-04-01 |
| [AnNahar] French public deficit and debt in 2013 were higher than previous government estimates, official data showed on Monday, dealing a fresh blow to President Francois Hollande ...the Socialist president of La Belle France, an economic bad joke for la Belle France but seemingly a foreign policy realist... a day after disastrous local polls. French public deficit stood at 4.3 percent of gross domestic product (GDP), compared with 4.9 percent the previous year, according to data released by the INSEE statistics agency. Previous government estimates said it would stand at 4.1 percent. Public debt meanwhile amounted to 93.5 percent of GDP, compared with 90.6 percent the previous year. The government earlier estimated it would stand at 93.4 percent of GDP. The figures dealt a further blow to beleaguered Hollande, who on Monday was reeling from catastrophic local election results that saw his Socialist party trounced by the center-right UMP as well as gains for the far-right National Front. La Belle France is the eurozone's second-biggest economy, and the state of its finances are closely watched by its partners, in particular economic powerhouse Germany. |
| Posted by:trailing wife |
| #5 Wehell, iff any Frenchies are wondering or fearing how their Govt. in Paris may justify applying France's new anti-Rich high tax rates/brackets to the not-Rich French mainstream = lower classes, WELL WONDER NO MORE! |
| Posted by: JosephMendiola 2014-04-01 23:14 |
| #4 Everyone forgets Germany has slowly been sapping Europe and they won't get away with it. |
| Posted by: Devilstoenail 2014-04-01 20:05 |
| #3 French public deficit stood at 4.3 percent of gross domestic product (GDP), compared with 4.9 percent the previous year, according to data released by the INSEE statistics agency. Previous government estimates said it would stand at 4.1 percent. Public debt meanwhile amounted to 93.5 percent of GDP, compared with 90.6 percent the previous year. The government earlier estimated it would stand at 93.4 percent of GDP. Not certain we got much room to point fingers. |
| Posted by: Shipman 2014-04-01 16:54 |
| #2 "This time, we're gonna do it right!" |
| Posted by: Frank G 2014-04-01 15:43 |
| #1 Commie/Socialist economy crashes and burns? Damn, what next? News flash, Sun rises in East!! Unexpected astronomical event stuns world!! |
| Posted by: AlanC 2014-04-01 12:41 |