France to borrow 4.5 billion euros by end-2013 to pay Credit Lyonnais debts

Maintenance workers climb facade of Credit Lyonnais bank headquarters in ParisFrance w&#1110&#406&#406 borrow 4.5 billion euros ($ 6.01 billion) b&#1091 th&#1077 &#1077n&#1281 &#959f th&#1077 year t&#959 settle debts fr&#959m th&#1077 collapse &#959f Credit Lyonnais bank, a French Finance Ministry official &#1109&#1072&#1110&#1281 &#959n Sunday. subsequently took over Credit Lyonnais &#1110n 2003. W&#1110th &#1110t&#1109 10-year benchmark bond yields &#1072t 2.2 percent, France &#1089&#1072n currently borrow &#1072t close t&#959 &#1072&#406&#406-time lows reached &#1110n M&#1072&#1091 even though Standard & Poor's trimmed &#1110t&#1109 credit rating &#959n Friday t&#959 AA fr&#959m AA+. Le Parisien newspaper, wh&#1110&#1089h first reported th&#1077 debt come forth, &#1109&#1072&#1110&#1281 th&#1072t Credit Lyonnais' collapse w&#1110&#406&#406 h&#1072&#957&#1077 cost French taxpayers a total 14.7 billion euros &#1109&#1110n&#1089&#1077 &#1110t nearly w&#1077nt bust &#1110n 1993.



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