2023-11-10 07:02:44
Aurélien Fleurot // Photo credit: Nicolas Guyonnet / Hans Lucas / Hans Lucas via AFP
A motion of censure was tabled following yet another 49.3 from Élisabeth Borne to have the 2024 budget adopted. The finance bill provides in particular that the resources of the Livret A and the sustainable and united development booklet (LDDS) will be used to finance the French defense industry. A way of forcing the banks to play the game.
Banks that are too cautious and SMEs that sometimes have all the difficulty in the world finding financing for armaments: this is the starting point of an amendment carried by Thomas Gassilloud, deputy for Rhône and president of the commission of National Defense.
“This is an important signal to tell bankers: ‘We are in a world today which is more dangerous, where international law is unfortunately weaker.’ And therefore we need banking establishments to support this movement and ensure that our country has a national defense commensurate with the risks it faces”, explains the MP.
A need for investment by defense companies
So no confusion! Money from Livret A, managed by the Caisse des Dépôts, will not be affected and will always be used for social housing. These are the 200 million euros managed by the banks which can be mobilized.
A breakthrough for defense companies that need to invest and innovate, whether to combat cyber risks or develop artificial intelligence. For its part, the French Banking Federation specifies that defense is a strategic industry and that there is no systemic financing problem.
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