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Le Figaro - France | Tuesday, June 30, 2015

Paris no better at finances than Athens

According to a report put out by the statistics office Insee on Tuesday, France's national debt rose by 51.6 billion euros in the first quarter of 2015 to 97.5 percent of GDP. The fact that the Socialist government under President François Hollande is planning further government spending is preposterous, the conservative daily Le Figaro complains: "It's incomprehensible that the government remains optimistic in this disastrous situation, and above all that the head of state has approved a surreal 'redistribution'. The creation of tens of thousands of subsidised jobs or the promised pay rise for civil servants will be paid for with uncovered checks that will further weigh down the drunken ship of state debt. François Hollande continues to lecture Greece on state financing while it sinks with all hands on board. He would do well to take many of his own recommendations to heart."

» To the complete press review of Wednesday, July 1, 2015

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