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French government bonds renamed ‘Frogs’ due to rise in yield
Frogs stands for France’s Oversized Government and Social Security
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Normandy rail strike: five lines disrupted this Friday and Saturday
Ticket inspectors walk out after a knife attack on a colleague, with four unions backing the action
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French PM says diesel stockpile release will cut prices by up to 18 cents per litre
Sébastien Lecornu used televised speech to promise release of ten million barrels of diesel and address lycée protests
India overtakes France
India has overtaken France to be the world’s sixth-largest economy and the World Bank says it is likely to also overtake the UK.
At the end of June India’s gross domestic product was $2.597trillion, with France on $2.582tn and the UK on $2.62tn.
As India has 1.34 billion inhabitants against the 67 million in France the annual earnings per head are vastly inferior – with $1,940 (€1,670) in India and $38,477 (€33,144) in France – but it is on course to be the world’s third largest economy in 15 years.
