French deficit drive draws safe-haven flows


PARIS (Reuters) - France borrowed nearly 8 billion euros free of interest on Monday from investors, benefiting from its perceived status as a top euro zone borrower even with record debt levels and before a test of the government's appetite for belt-tightening.

France is financing its public debt -- due to peak next year at more than 90 percent of GDP -- at historically low rates after the election of Socialist Francois Hollande as president in May helped dispel political uncertainty and market jitters.

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