Australia submarine deal: France's Naval Group expresses 'great diasppointment'

France's Naval Group expressed its "great disappointment" Thursday at the decision by Australia to build nuclear-powered submarines in a new partnership with the United States and Britain. The announcement, by Australian Prime Minister Scott Morrison hit Naval Group's multi-billion euro contract with the country to build 12 state-of-the-art Attack Class subs. FRANCE 24's Business Editor Steven Caroll tells us more about the economic consequences of this setback.