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14 Awful Facts About The French Economy

Markets have held the French elections in focus lately. The outcome of the political battle between right-of-center incumbent Nicolas Sarkozy and Socialist Francois Hollande could dictate the future of euro crisis support. At the same time, France faces significant economic hurdles of its own, which are being compounded by the crisis. As it stands, France's banks have high exposure to Italian sovereign debt and the French government has no access to European Central Bank resources to stem borrowing costs.
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