The French government currently honors a very unusual debt contract: an annuity that was issued in 1738 and currently yields 1.20 Euros per year. I tell the story of this unique debt, which serves as an anecdotal but symbolic summary of …
Sarkozy’s ‘Grand Loan’ to Pile on Record French Debt (Correct) (Bloomberg)
(Corrects to remove forecast for debt level including extra borrowing in 18th paragraph.) Sept. 30 (Bloomberg) — French President Nicolas Sarkozy says that even with a record budget deficit, France needs to spend more borrowed money to kick start economic growth.
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