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Just making sure we are picking apples from the same tree.
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We are. However, comparing the economies of France and the US is a little bit comparing apples and oranges, since one is a single country, the other a confederation. Hence my comparison of the US and EU economies. To compare apples and apples, one should compare the economies of France and say California. I bet California would still beat France on the GDP growth, but I wonder what fraction of the GDP the debt represents there. 20%, 30% ?
Aurel