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Strike Costing France Up To 400 Mil Euros Per Day

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With France braced for more walkouts this week, the rail strike over pension reforms is costing between 300 and 400 million euros (440 and 586 million dollars) daily, the government said Monday.

The estimate provided by Finance Minister Christine Lagarde -- who noted an exact figure was hard to gauge -- hits a wide array of businesses, from steel giant ArcelorMittal, to stores, hotels and theaters.

Hardest hit by the walkout, which marked its sixth day Monday, is France's SNCF rail company, which has already lost "more than 100 million euros," according to president Anne-Marie Idrac.

Read the whole story at AFP