Sunday, November 18, 2012

France blows up at Economist's 'ticking time-bomb' cover

French government ministers have reacted angrily to the front cover of the latest issue of the Economist magazine's latest front cover - which features a bundle of French baguettes with a lighted fuse, under the headline "The time-bomb at the heart of Europe". The special report warned that the dire state of the French economy – with its high unemployment, lack of competitiveness, dying industry and high public spending – could be the next biggest threat to the eurozone, dwarfing the problems of Greece or Spain.
The magazine warned François Hollande's reforms did not go far enough to address the country's economic woes and if these were not resolved, France could jeopardise the future of the euro.
"Honestly, the Economist has never distinguished itself by its sense of even-handedness," the industry minister Arnaud Montebourg told French radio, likening it to the satirical weekly magazine Charlie Hebdo, which recently sparked criticism for publishing cartoons depicting a naked prophet Muhammad.

Read more:  http://www.guardian.co.uk/world/2012/nov/16/economist-front-cover-france

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