2023-11-11 12:00:54
A strategic shift for French savings
The recent announcement of an amendment to the finance bill for 2024 has aroused keen interest. According to this text, part of the funds from the Livret A and the Sustainable and Solidarity Development Booklet (LDDS) would now be directed towards financing French companies in the defense sector.. This decision, adopted without a vote by the National Assembly, marks a significant turning point in the use of regulated savings in France.
The current operation of regulated savings
Currently, regulated savings, distributed between Caisse des Dépôts and private banks, play a key role in financing the French economy. Caisse des Dépôts uses 70% of these funds for social housing and town planning, while private banks support VSEs and SMEs, as well as energy improvement projects.. This system has long been seen as a pillar of solidarity and sustainable development.
Towards increased support for the defense industry
The amendment proposes to redirect part of these funds towards SMEs in the defense industry. This measure is part of a “war economy” logic, aimed at strengthening the national defense sector.. Christophe Plassard’s report highlights the need to facilitate access to financing for these companies, often faced with reluctance from banks due to environmental, social and governance (ESG) criteria.
Financial and ethical issues
This orientation raises ethical and financial questions. On the one hand, it reflects a desire to invest in sovereignty and national security. On the other hand, it raises concerns regarding the alignment of these investments with responsible investment standards. In addition, the cumulative outstanding amount of Livret A and LDDS, amounting to 550.4 billion euros, represents a considerable financial resource..
Alternatives for reluctant savers
For savers concerned regarding the use of their funds, alternatives exist. Life insurance in euro funds, ISR-labelled units of account, or even solidarity savings are possible options.. In addition, the Future Climate Savings Plan, planned for 2024, offers an opportunity to invest in the ecological transition.
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#savings #finance #army
