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1st Jun 2023

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Australia to pay France €555m for submarine fiasco

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Australia has agreed to pay France €555m in compensation for walking out of a nuclear submarine deal in September 2021 in favour of a rival US bid, causing a diplomatic rift. "We are re-establishing a better relationship between Australia and France," Australian prime minister Anthony Albanese said Saturday. "I'm looking forward to taking up [French] president [Emmanuel] Macron's invitation to me to visit Paris at the earliest opportunity," he added.

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