France’s debt rises to 93.5% of its GDP

FRANCE’S DEFICIT shrank less than expected last year and debt continued to grow to 93.5% of GDP, the state statistics agency said.

The f igures released yesterday are the latest sign of trouble for the unpopular Socialist government, which is expected to be replaced.

The Socialists suffered a blow in municipal elections on Sunday amid widespread disappointment at President Francois Hollande’s handling of the economy.