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Record French debt burden adds to strain on public finances

From reuters.com

France's national debt rose to a record 95.1 percent of annualized economic output in the second quarter, data showed on Tuesday, underlining the country's struggle to rein in its public finances a day before the 2015 budget is presented. In the second quarter, the national debt topped two trillion euros for the first time as it rose to 95.1 percent of GDP from 94.0 percent in the first quarter, according to the official statistics agency INSEE's figures. The news follows the latest evidence of the sacrifices necessary to get France's finances in order. Late on Monday the government announced plans to cut health ... (full story)

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