It would be “logical” to finance new nuclear power plants with the savings that the French place in their Livret A accounts, Eric Lombard, the general director of the Caisse des Dépôts (CDC), said on Wednesday.
The proposal to finance this nuclear power plant program with Livret A funds is on the table, it would be logical because it is an important element of the decarbonization of our economy, estimated Eric Lombard, guest on the Ecorama program broadcast on the Boursorama website.
The government is implementing a program of six new EPR reactors, estimated at 51.7 billion euros. If we finance, for example, a third of the nuclear programwill represent a few billion euros per year (…), it is something which is entirely absorbable by the savings of the French, continued the boss of the CDC, recalling that his first priority remained housing social.
The sums deposited in Livrets A and Livrets de développement durable et solidaire (LDDS) are 59.5% managed by the Caisse des Dépôts, and intended mainly to finance social housing. The remaining 40.5% is managed by banks, and must be mainly dedicated to bank loans to SMEs. These two savings accounts attracted nearly 40 billion euros in deposits last year and totaled 571.5 billion in assets at the end of February.
Housing, SMEs, defense… How banks and the State distribute the money from your Livret A
Banks to finance defense
The Director General also mentioned the role of the Fund in financing armaments, via its role as shareholder of large companies which have an armaments dimension in their activity.
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