And while the level of productivity is high, the rate of increase has slowed as it has in other developed economies. Cheap borrowing, big debt The government's finances are also a nagging issue in France. It's true the government's borrowing costs are not high. One widely used measure is the yield or return in the financial market on government bonds or debt due for repayment in 10 years. It's below 1%, significantly better than the eurozone countries that have (or recently had) more pressing debt problems, such as Spain, Italy, Portugal or Greece. In fact, for some shorter term borrowing the French Treasury has to raise the money at a rate of below zero, which means that financial market investors have to pay the state to take their money. Image copyright AFP Image caption Would the French economy have been more competitive if it had kept the franc? But the French government's debt burden is fairly high, close to 100% of annual economic activity or GDP. That's a marked increase since the turn of the century when it was less than 60%.
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It now has 12 U.S. routes. The airline will reduce frequencies from next month to Fort Lauderdale, Orlando, Seattle, Boston, and Los Angeles. Other destinations such as New York, Houston and Chicago are not affected. The U.S. administration's attempts to ban refugees and citizens of some Muslim-majority countries from southwest flights to chicago travelling to the United States, ultimately blocked by U.S. federal judges, prompted many people not to travel, Sheikh Ahmed told reporters in Dubai. A ban remains on laptops and other large electronic devices from passenger cabins on direct flights to the United States from eight Muslim-majority countries, including the United Arab Emirates. The measures were taken based on intelligence suggesting flights could be targeted for attack.
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