France to borrow up to 50 billion euros: presidency

Reported by France 24 on Thursday, 5 November 2009 (on November 5, 2009)

France will take out a national loan of between 25 billion and 50 billion euros (37 billion-74 billion dollars), the office of French President Nicolas Sarkozy said Wednesday, eying post-crisis investments. Sarkozy will decide on the exact amount "at the beginning of December," his office said.The president had announced in June that the French state would take out a "grand loan", from markets or the public, to finance strategic investments in the wake of the economic crisis. But he did not offer a figure at the time.

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