
The party received pre-approval from two foreign banks to finance Marine Le Pen's fourth presidential campaign.
The National Rally has obtained a pre-agreement loan of 10.6 million euros from two foreign banks to finance Marine Le Pen's next presidential campaign, according to information from Franceinfo and BFMTV.
AI-generated summary
The National Rally has historically encountered difficulty obtaining loans from French banks for its campaigns.
The National Rally (RN) could get a big boost. According to information from Franceinfo and BFMTV, Marine Le Pen received pre-approval for a loan of 10.6 million euros with the aim of financing her fourth campaign. The sum would come from two banks “from different countries” and “non-French”.
“We haven’t signed anything,” assures Kévin Pfeffer, the party’s treasurer, to Le Figaro. “It is a legal validation and the solidity of our case. We are now waiting for the agreement of the boards of directors,” he continues. The agreement could be sealed “by the end of the month”, according to comments from the flame party reported to our colleagues.
To finance their campaigns, candidates for the supreme election come up against the reluctance of French banks. As a remedy, the former prime minister, François Bayrou, has long defended the creation of a “bank of democracy”. Marine Le Pen's party is one of the first victims of the reluctance of financial institutions to grant a loan. In 2017, the RN obtained help from a Hungarian bank, and from a Russian five years later.
AI outlook — possibilities, not facts
Potential signing of loan agreement by the end of the month.
Possible · Within weeks

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