Reuters - Video

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

Finance Videos

Paris smog adds to economic gloom

Monday, March 17, 2014 - 01:47

Mar 17 - France deployed hundreds of police in Paris to enforce the most drastic curbs on car use in 20 years as authorities sought to reduce health-endangering pollution days before town hall elections. Sonia Legg looks at the economic impact of the move.

▲ Hide Transcript

View Transcript

There's been an economic black cloud over France for the past few months. And now it's having to deal with a real one. Pollution levels are so high in Paris car use has been restricted - even numbers one day odd the next. (SOUNDBITE) (French) ANONYMOUS ROAD USER SAYING: "I am working and I've come from Le Harve. They sent me because my company vehicle has an even number." There were some exceptions - including low emission vehicles and cars carrying three or more people. But police showed no leniency to those flouting the regulations. (SOUNDBITE) (French) COMMANDING POLICE OFFICER JEAN-PIERRE MEUTELET SAYING: "The police officers working with me have checked over 120 vehicles and have fined around a third of the drivers." The police may be raising a little extra revenue from the 22 euro fines. But the longer term costs of the pollution could be far higher. IG's Chris Beauchamp says the government may try and solve the problem with higher taxes. (SOUNDBITE) (English): CHRIS BEAUCHAMP, MARKET ANALYST, IG, SAYING: "France took a decision many years ago to favour diesel cars - it kept duty low on diesel cars - so it might look to reverse that by increasing the duty there which would be good in one way for the French state but bad of course for French car makers who have made diesel cars their focus for the last 40 years." The pollution levels are nowhere near as high as in some Asian countries. But Paris is one of the most polluted cities in Europe - with levels almost twice as high as London. Then there's the impact on a public already suffering from a weak economy. (SOUNDBITE) (English): CHRIS BEAUCHAMP, MARKET ANALYST, IG, SAYING: "The impact is quite difficult because you can already feel it in the popular backlash - people in France are already saying this isn't a good idea - it hurts the ordinary person so it is something that the government has to tread very carefully with." The government tried to soften the blow by offering free public transport. But getting Parisians out of their vehicles won't be easy - the city has one of the highest proportions of private car owners.

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

Paris smog adds to economic gloom

Monday, March 17, 2014 - 01:47

Top News »

Investing 201 »

Arian Foster = BlackBerry? Arian Foster = BlackBerry?

Fri, Oct 25, 2013 - (3:16)

Don’t miss these red flags for IPOs Don’t miss these red flags for IPOs

Thu, Oct 10, 2013 - (2:34)

Copycat currency trading Copycat currency trading

Wed, Oct 02, 2013 - (2:28)

When to dump a winner When to dump a winner

Tue, Sep 24, 2013 - (1:55)

Where gold might again attract Jim Rogers Where gold might again attract Jim Rogers

Thu, Sep 19, 2013 - (2:05)

Why savings interest rates won't budge Why savings interest rates won't budge

Fri, Sep 13, 2013 - (2:09)

Buy local? ETFs try the trend Buy local? ETFs try the trend

Thu, Sep 05, 2013 - (2:42)

The better bond funds The better bond funds

Wed, Aug 07, 2013 - (2:40)

Best bargain in 40 years? European stocks Best bargain in 40 years? European stocks

Thu, Aug 01, 2013 - (2:24)

Invest like an activist Invest like an activist

Fri, Jul 26, 2013 - (2:49)

Money Clip »

3 things to do before disaster strikes 3 things to do before disaster strikes

Wed, Sep 18, 2013 - (1:39)

Your must-do money list Your must-do money list

Wed, Sep 11, 2013 - (1:24)

The worst "best" financial advice The worst "best" financial advice

Wed, Sep 04, 2013 - (1:42)

Forget gold: The case for REITs Forget gold: The case for REITs

Fri, Apr 26, 2013 - (1:19)

3 rules for buying a house now 3 rules for buying a house now

Thu, Apr 18, 2013 - (1:39)

“Stalking” your dream home - Money Clip “Stalking” your dream home - Money Clip

Wed, Mar 27, 2013 - (2:50)

3 hidden tax deductions - Money Clip 3 hidden tax deductions - Money Clip

Thu, Mar 21, 2013 - (1:33)

Moving Pictures »

Still missing – MH370 Still missing – MH370

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

Images of August Images of August

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

Burning Together Burning Together

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

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

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

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

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

Burned memories Burned memories

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

Images of July Images of July

Thu, Jul 31, 2014 - (1:20)

World Cup: passion on the pitch World Cup: passion on the pitch

Fri, Jul 11, 2014 - (1:00)

A refugee in America gives back A refugee in America gives back

Thu, Jul 03, 2014 - (3:25)

A long search for refuge A long search for refuge

Fri, Jun 20, 2014 - (3:04)

Reuters Investigates »

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

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

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

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

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

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

Adopted, then abandoned online Adopted, then abandoned online

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

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

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

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

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

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

Sat, Dec 08, 2012 - (10:01)

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

Sun, Dec 09, 2012 - (10:39)