Time Warner faces risks especially because of its notable dependence on premium cable network HBO that boasts of new movie releases and original programming.
Thus, from an end-September 2008 level of 21 percent dependence on government financing, in two years time the dependence increased by 3 percent points to 24 percent.
At the same time, the government has moved to reduce the dependence on tourism by promoting the development of farming, fishing, and small-scale manufacturing.
The latest edition of the Economist magazine dubbed France "the time bomb at the heart of Europe", claiming it had an under-competitive economy and over-dependence on government spending.