2022 presidential election: left-wing parties are struggling to finance their campaign – archyworldys

For several weeks, the polls, hardly shining, have given political cold sweats to the candidates of the left, and also financial chills to the banks likely to lend them money for the presidential campaign. ” It is complicated. We are not going to say that, financially, everything is going well, but it is not a disaster either ” : Manuel Bompard, campaign director for Jean-Luc Mélenchon, sums up the general feeling on the left. “We had already had difficulties with the loan five years ago. We foresee a campaign cost of 11 million euros, as in 2017. With a loan that covers 50% of the budget. We have our own funds and we are targeting 2.5 million euros in donations. We are at 1. “

The law is the same for everyone: the state reimburses 8 million euros of campaign expenses – capped at 16.8 million – candidates not qualified for the second round, but who totaled at least 5% of the vote . However, in order to lend, banks have their own requirements, which are based on the creditworthiness of parties and polls. They require three opinion polls which place the candidate above a threshold of 8% of voting intentions. Below, it is a risk zone that dissuades banking establishments from getting involved. “We had a foreboding with the Europeans, the banks are no longer playing the game, analysis Pernelle Richardot, former treasurer of the Socialist Party (PS). Which poses a real democratic problem. “

Among environmentalists, Mounir Satouri, Yannick Jadot’s campaign director, aims for an ambitious campaign “Of 10 million euros”. That of Eva Joly, in 2012, had cost 1.8 million euros. “We submitted a loan request for 6.4 million euros ten days ago from Crédit coopératif. We bring 1.6 million euros of equity and we hope 2 million euros in donations, details Thierry Brochot, the treasurer of the campaign. We will have no difficulty as long as Yannick Jadot remains at this level [entre 7 % et 9 %] in the polls. “

Bad rumors

Friday November 19, Le Figaro reported financial difficulties for Anne Hidalgo, who allegedly suffered several refusals of bank loans. In the PS, we are convinced that these bad rumors are stoked by environmentalists, to discredit a little more a penniless party and revive the hypothesis of an early withdrawal of the candidate, below 8% in the polls. For Marie-Pierre de la Gontrie, Senator of Paris and representative of Anne Hidalgo’s campaign, ” it’s wrong ! This is all intoxicating. We did not register any refusals. We work with Crédit coopératif. I have no worries, because we will have the 500 sponsorships, which is important for the bank, and also because the PS has significant resources, including in its federations. Finally, the party owns a seat worth 9 million euros ” and who can be mortgaged in the event of a loan.

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