French downgrade – wonder how The Economist is celebrating?

Those following the news/chatter over the weekend will be aware of the front cover of The Economist magazine and the accompanying article. Champagne all round at The Economist I would think:

Front Cover of The Economist (pic taken from this article at Business Insider: France Is Furious About The New Cover Of The Economist)

Here is the special report in The Economist: If other European countries have recently managed big reforms, why can’t France?

THIS SPECIAL REPORT has argued that the economic problems facing France are grave and immediate and that the need for reform is pressing.