France's public debt is spiralling out of control, according to a report commissioned by the French government... The debt stands at €1,117 billion, representing 66 per cent of France's GDP ... The staggering figure encompasses the debt accumulated by the state and local authorities, as well as social and health insurance bodies, over the past few decades. However, it does not include the upcoming time bomb of civil servants' pensions. Over the past ten years, the French debt has increased its claim against GDP by over 10 percentage points. France saw the worst debt evolution among the then 15 EU...