2023-10-31 08:18:22
In September, the National Rally sent loan requests for its European election campaign to six banking groups. Three responses and as many refusals, the other requests remaining a dead letter for the moment. Nothing really new under the frontist sun.
As a result, the party now chaired by MEP Jordan Bardella will, once again, resort to its “big loan”, sometimes called “national” or “patriot”, to finance its electoral campaign. This is a loan made from individuals, remunerated at 5% and for a minimum of 500 euros, which allows the RN to bypass the classic system to collect sufficient funds to beat the campaign by election day. , on June 9.
The maximum reimbursable ceiling for a European campaign amounts to 4.37 million euros. This method had already been used during the last European elections, in 2019 – some 800 people then lent to the RN -, then successively reused to finance the party during the local elections of 2021 or even last year to fill a hole in its fund , while waiting for public subsidies acquired thanks to the legislative elections.
A debt of 20 million euros
The National Rally announced in September that it had repaid the entirety of its Russian loan taken out in 2014 (i.e. 6 million euros in one go). This debt had become a political burden for Marine Le Pen and her team, reinforcing suspicions of political collusion with Vladimir Putin’s Russia.
Generally speaking, the RN has always been in the red financially in recent years, before the results of its legislative elections and the gain of 89 deputies (now 88) allowed it to claim an unprecedented amount of public funding. And to find some air.
At the end of this year, the party led by Jordan Bardella will still have 20 million euros in debt, but this being, according to the party, 100% from the various large loans launched in recent years. It is currently held by approximately 2,000 lenders.
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