Keyword: loans

How France's far-right RN party plans enriching its supporters out of public funds

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Far-right Rassemblement National party leader Marine Le Pen. © Reuters Far-right Rassemblement National party leader Marine Le Pen. © Reuters

To fund its campaign for this month’s European Parliament elections, the French far-right Rassemblement National party (the renamed Front National) has raised around 4 million euros through so-called “patriotic” loans from its members and supporters, to who it has promised a 5% interest rate. The party will submit the amounts raised, with interest, in its application for a post-election refund of campaign spending that is granted to parties and paid out of the public purse. The generous interest payments paid to its lending members and supporters will cost the taxpayer around 200,000 euros, and the party says it plans employing the same strategy in future elections. Marine Turchi reports.

French far-right party says it lacks funds for presidential elections

The Front National has seen its requests for a loan for the presidential electon campaign of its leader, Marine Le Pen, turned down by French banks, said the party's secretary-general, who claimed that political motives were behind the lenders' refusal.

Egypt's purchase of French jets financed 'by French loan'

Egyptian president said €3.2 billion of the €5.2 billion cost of buying France's Rafale fighter planes came from French government loan.