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.

Philippines to Sell $750 Million of Debt, Hires Banks (Update3) (Bloomberg)

July 13 (Bloomberg) — The Philippines plans sell up to $750 million of dollar bonds to plug a record budget deficit , its second overseas debt issuance this year.