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EYE ON AFRICA

Mnangagwa to be sworn in as Zimbabwe's president on Friday

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MEDIAWATCH

The refugees of Manus Island

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EYE ON AFRICA

Zimbabwe's Tsvangirai says he hasn't been asked to be part of new government

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THE DEBATE

Palestinian reconciliation: Will Fatah, Hamas agreement succeed?

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FOCUS

Could Pakistan be your next holiday destination?

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THE POLITICAL BRIEF

Defeated presidential candidate Fillon bids farewell to French politics

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INSIDE THE AMERICAS

Charles Manson: Murderer and cult leader dies after 47 years in prison

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PEOPLE & PROFIT

Bricks vs. clicks: Will e-commerce finish off the high street shop?

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ENCORE!

Eastwood & Gainsbourg: Can the children of geniuses step out from their famous shadows?

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THE BUSINESS INTERVIEW

A weekly interview with a personality from the world of business or economics. Every Thursday at 4.45 pm Paris time.

Latest update : 2015-01-27

Sir Martin Sorrell: Brexit referendum would be ‘very damaging for UK economy’

Sir Martin Sorrell is concerned about the outcome of the British general election. Sorrell, the CEO of WPP, the world's largest advertising company, believes that holding a referendum on leaving the EU would threaten growth in the country. "I can't see foreign companies investing in the UK knowing there is a possibility that we will exit the EU", he told FRANCE 24's Markus Karlsson in Davos. Whether or not the referendum takes place depends on the result of the election.

Sorrell also commented on the European Central Bank's decision to embark on a massive quantitative easing (QE) scheme. He welcomed the move but underlined his view that "structural reform is what's needed" for Europe. “QE helps, certainly in the short to medium term, but all it does is paper over the cracks; it avoids dealing with the fundamental issues", he explained.

By Markus KARLSSON

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Archives

2015-05-14 European Union

Will the UK stay in the EU?

The British election wasn't the nail-biter many had expected. The Conservative party won a majority in the House of Commons, which means they will be able to govern on their own....

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2015-05-07 eurozone

Eurozone: Is low growth the new norm?

The European recovery is picking up pace. New figures from the European Commission this week suggest that growth in the eurozone will be stronger than first thought, on the back...

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2015-04-30 mining

Demand for diamonds 'softening': De Beers CEO Mellier

For the past few months, the diamond market has been less than sparkling, forcing mining giant Anglo American, which owns De Beers, to scale down its production targets. However,...

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2015-04-23 Economic growth

Akinwumi Adesina: 'Real challenge' for African economies is obtaining 'inclusive growth'

Akinwumi Adesina is the outgoing agriculture minister of Nigeria, Africa's largest economy. He is also a candidate to become the next president of the African Development Bank....

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2015-04-16 French economy

'Liberalism is a French tradition', says France's most liberal man

Liberalism is a somewhat dirty word in France. It's often associated with capitalism and the "laissez-faire" of market deregulation that led to the financial crisis. Gaspard...

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