Reuters - Video

EDITION: U.S. | U.K. | IN

In Depth

Anger as UK's Economist calls France threat to euro

Friday, November 16, 2012 - 02:14

Nov. 16 - French officials have rejected a charge by The Economist magazine that France was the ''time-bomb at the heart of Europe''. But analysts warn the core euro zone member needs to reform. Joanna Partridge reports

▲ Hide Transcript

View Transcript

From the news stands to the corridors of power. The latest edition of The Economist magazine has caused a row by accusing France of being the "time-bomb at the heart of Europe". French officials have reacted angrily to the British weekly's comments. Industry Minister Arnaud Montebourg told Europe 1 radio it was just sensationalist journalism, as seen in French satirical magazine Charlie Hebdo. SOUNDBITE: Arnaud Montebourg, French Industry Minister, saying (French): "These are caricatures of the likes of Charlie Hebdo because, honestly, The Economist has never distinguished itself by its sense of even-handedness, it is the Charlie Hebdo of the City." The magazine's special report on the core euro zone member questions whether President Francois Hollande's economic reforms are ambitious enough. And it claims France could be the biggest danger to the euro. Sophie Pedder, The Economist's Paris correspondent, thinks the magazine has touched a raw nerve. SOUNDBITE: Sophie Pedder, The Economist's Paris correspondent, saying (English): "We're not a satirical magazine like Charlie Hebdo, the content is very, perfectly serious and it's well analysed and backed up with plenty of documentary fact and I think that it's that that is recognised somewhere by the government and that's why they've become so sensitive to it." PTC The Economist is known for satirical and sometimes provocative front covers, but it is well-respected by the business and financial sector. It has a circulation of over 1.5 million around the globe - and 46,000 of those readers are in France. The Economist isn't alone in voicing concerns about the French economy. It may still be growing but analysts are worried it will get left behind as its neighbours are asked to reform. Tom Vosa is from National Australia Bank. SOUNDBITE: Tom Vosa, Head of Market Economics, NAB Group, saying (English): "We're seeing here an economy which is struggling to grow, where the government again has seemed hesistant to certainly reform the labour market, and indeed to reduce the size of the state. But it's not only a problem now more time and arguably if Hollande does take up this reformist agenda he seems to have done, then he buys himself a lot more time in order to carry out the reforms far more slowly." French politicians may not like The Economist's comments, but the ongoing crisis in the euro zone has shown that one country's problems can easily become another's.

Press CTRL+C (Windows), CMD+C (Mac), or long-press the URL below on your mobile device to copy the code

Anger as UK's Economist calls France threat to euro

Friday, November 16, 2012 - 02:14

Editors' Picks »

Business »

Moving Pictures »

Real-life superheroes Real-life superheroes

Tue, 28 Oct, 2014 - (1:44)

Dance of the northern lights Dance of the northern lights

Mon, 20 Oct, 2014 - (1:08)

Images of September Images of September

Thu, 02 Oct, 2014 - (1:00)

Still missing – MH370 Still missing – MH370

Fri, 05 Sep, 2014 - (2:05)

Burning Together Burning Together

Mon, 01 Sep, 2014 - (2:23)

Mending dolls, teddies and hearts Mending dolls, teddies and hearts

Fri, 22 Aug, 2014 - (3:12)

Images of August Images of August

Fri, 29 Aug, 2014 - (1:00)

"Old timers" sail the Chesapeake Bay "Old timers" sail the Chesapeake Bay

Mon, 11 Aug, 2014 - (2:27)

Burned memories Burned memories

Fri, 08 Aug, 2014 - (3:02)

Images of July Images of July

Fri, 01 Aug, 2014 - (1:20)

Oddly Enough »

Ancient baby mammoth on display in Moscow Ancient baby mammoth on display in Moscow

Wed, 29 Oct, 2014 - (1:14)

Snow leopard arrives at Mexico zoo Snow leopard arrives at Mexico zoo

Tue, 28 Oct, 2014 - (0:59)

Horse rescued from swimming pool Horse rescued from swimming pool

Tue, 28 Oct, 2014 - (0:30)

Surfing in a different sort of costume Surfing in a different sort of costume

Mon, 27 Oct, 2014 - (1:10)

Skateboards get rock star makeovers Skateboards get rock star makeovers

Thu, 23 Oct, 2014 - (1:28)

Giant rubber duck on show in Shanghai Giant rubber duck on show in Shanghai

Thu, 23 Oct, 2014 - (1:06)

Black bear cub goes Sunday shopping Black bear cub goes Sunday shopping

Thu, 23 Oct, 2014 - (0:27)

Christie's opens new Shanghai office Christie's opens new Shanghai office

Wed, 22 Oct, 2014 - (1:13)

Reuters Investigates »

Re-homing victim: "I could have been dead" Re-homing victim: "I could have been dead"

Wed, 19 Feb, 2014 - (8:24)

Cops and loggers in the Amazon rainforest Cops and loggers in the Amazon rainforest

Fri, 10 Jan, 2014 - (4:01)

"Passed around like a dog" "Passed around like a dog"

Thu, 29 Aug, 2013 - (6:32)

Adopted, then abandoned online Adopted, then abandoned online

Thu, 29 Aug, 2013 - (13:21)

How the DEA keeps its secrets secret How the DEA keeps its secrets secret

Mon, 05 Aug, 2013 - (1:36)

How education lost its role as the great equalizer - Reuters Investigates How education lost its role as the great...

Mon, 17 Dec, 2012 - (7:52)

Jihad Jane: From abused child to American jihadist - Reuters Investigates Jihad Jane: From abused child to American...

Sun, 09 Dec, 2012 - (10:01)

Jihad Jane: The order to kill - Reuters Investigates Jihad Jane: The order to kill - Reuters...

Mon, 10 Dec, 2012 - (10:39)