French Polynesia admits to grim financial situation: The French - TopicsExpress

French Polynesia admits to grim financial situation: The French Polynesian government says its financial situation is catastrophic, making it difficult to pay its bills.Its spokesman, Nuihau Laurey, says since 2004 the government’s debt has grown by 50 percent to just under one billion US dollars.Mr Laurey says day-to-day bills can only be paid once revenues are in, delaying payment from the... dlvr.it/3Y2DQg

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