Several unions and associations proclaimed on Tuesday their opposition to the use of part of the Livret A and LDDS resources to finance the defense industry, the subject of a bill debated Thursday in the National Assembly.
We oppose the two legislative proposals presented to the Senate and the National Assembly which aim to finance defense industries from the Livret A and the LDDS sustainable and united development booklet), summarized at a press conference Loc Daguzan, spokesperson for Indecosa, the CGT consumers and tenants association.
The association is a signatory alongside several unions, the Human Rights League and around sixty left-wing deputies and senators from a forum address to the Minister of the Economy Bruno Le Maire entitles Le Livret A it is not for armaments, but for social housing!.
This group seeks to be heard after the vote in favor of the Snaton March 5, of a text to this effect, and two days before the debate in the National Assembly of another bill, with similar content, supported by the Horizons group, after several unsuccessful attempts.
Livret A: new twist in the saga of savings financing the army
The text aims to add companies, particularly small and medium-sized, in the French defense industry to the sectors already financed by banks via Livrets A and LDDS.
This direction towards armament is not favored by Bercythe Minister for Business, Olivia Grégoire, considered last Tuesday that the instrument (was) not the most appropriate.
An ideological approach
Nearly 60% of the 568.1 billion euros placed at the end of January in these two savings accounts are dedicated to social housing, via the Caisse des Dépôts (CDC). The rest – non-centralized savings, targeted by the text – is invested by banking establishments in SMEs (including potentially those in defense), in projects linked to the energy transition or the social and solidarity economy.
Patrice Bouveret, director of the Armaments Observatory which presents itself as an independent center of expertise on defense issues, denounced an ideological approach since for him the problem does not lie at the level of the financing of armaments by the banks.
The French Banking Federation (FBF) recently underlined that the financing difficulties of the defense sector remain occasional and relate more to the financial situation of the companies concerned.
Booklet A: the French do not want their money to finance defense
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