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Danish state bankruptcy of 1813. [2] Kingdom of France: 1788: On 17 August 1788, the royal treasury began paying creditors in IOUs rather than money after service on debt (mainly from the Seven Years' War and American War of Independence) had depleted the royal treasury to just 400,000 livres (one day's worth of state expenses).
Such willful defaults (the equivalent of strategic bankruptcy by a company or strategic default by a mortgager, except without the possibility of the exercise of normal creditors' rights such as asset seizure and sale) can be considered a variety of sovereign theft; this is similar to expropriation (including inadequate repayment for the ...
This is a list of countries by external debt: it is the total public and private debt owed to nonresidents repayable in internationally accepted currencies, goods or services, where the public debt is the money or credit owed by any level of government, from central to local, and the private debt the money or credit owed by private households or private corporations based on the country under ...
Just a couple of weeks ago, France was under scrutiny over how it would plug the holes in its budget. What France does with its strained public finances will be an early test of whether it can ...
France's President Emmanuel Macron named Francois Bayrou as his new prime minister to run his government on Friday, his office said, after his previous choice for the role served the shortest term ...
This decision plunged France into a political crisis [2] [3] and was followed by France Unbowed (LFI), the main party of the NFP, initiating impeachment proceedings against the French president on 31 August. The caretaker government remained in place for 51 days, [2] unprecedented since the fallen Pompidou government lasted 62 days in 1962. [4]
Bankruptcy is a legal process through which people or other entities who cannot repay debts to creditors may seek relief from some or ... such as France, Germany ...
Change in per capita GDP of France, 1820–2018. Figures are inflation-adjusted to 2011 international dollars. The economic history of France involves major events and trends, including the elaboration and extension of the seigneurial economic system (including the enserfment of peasants) in the medieval Kingdom of France, the development of the French colonial empire in the early modern ...