Keyword: donations

Billionaires witholding pledged donations to rebuild Notre-Dame

Despite making headline pledges to hand hundreds of millions of euros for the rebuilding of Notre-Dame after a fire that severely damaged the Paris cathedral in April, luxury goods groups LVMH and Kering, the cosmetics giant L'Oréal and oil company Total have still to honour their promises, while reconstruction work involving up to 150 workers is being paid for by small donors.

Emmanuel Macron, money and his well-heeled backers

Emmanuel Macron outside 10 Downing Street where he met British PM Theresa May on February 21st, 2017. © Reuters Emmanuel Macron outside 10 Downing Street where he met British PM Theresa May on February 21st, 2017. © Reuters

The independent centrist candidate Emmanuel Macron has no public money behind him to help his presidential campaign, as he has no established political party. Instead he is relying on donations both via the internet and from private gatherings with wealthy supporters. Opponents have raised questions over the former economy minister's links with the world of money and business, as well as the declarations of his personal assets which seem to suggest he spent large amounts of money while working as a merchant banker. Those rivals seek to paint him as a candidate for “global capitalism”. His entourage are irritated by such a depiction but, given his background in the world of finance, they have little choice but to accept it, report Mathieu Magnaudeix and Mathilde Mathieu.