Wednesday, September 30, 2009
The debt will reach 84% of GDP in 2010
If the deficit is expected to soar this year to 8.2% of GDP, remaining at that level throughout 2010, the debt of France, she is estimated to grow wiser. The latest government forecast, which could appear in the "guidance document public finances" presented Wednesday with the draft budget for 2010 assume a debt of 77.1% of GDP in 2009 and 84% in 2010. This increase will put the debt of France to record levels, but it is not very far from the previous government forecast which projected 77% and 83% in 2009 and 2010 respectively. One explanation for this relative resistance is the low level of interest rates which borrows the France market, only slightly higher than Germany, which limits the weight of interest, also called "debt burden . But financial markets could end up worrying about this situation: on the basis of a GDP of around 2,000 billion euros in debt 84% equivalent to some 1,700 billion euro ...
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