The Constitutional Council has already twice rejected the amendment providing for the allocation of part of the outstanding Livret A and LDDS to finance companies in the defense sector. The subject is not closed yet, a bill to this effect was tabled in the National Assembly this week.
We thought the subject was closed. The amendment allowing the use of part of the outstanding regulated savings to finance companies in the defense sector was presented in the 2024 finance bill, and rejected. It was rejected by the Constitutional Council. A similar amendment included in the military programming law was also rejected last July.
However, the matter does not end there. This week, a bill, sponsored by Horizons deputy Christophe Plassard, was tabled in the National Assembly to meet the needs of the sector, which faces numerous refusals of financing from the banks. If this bill is adopted, part of the outstanding Livret A and Sustainable Development and Solidarity Booklet (LDDS) would be directed towards SMEs in the defense industry.
MONEYVOX INFO. Booklet A: the French do not want their money to finance defense
A bill that does not arouse enthusiasm
On Franceinfo in November, the Minister of the Economy, Bruno Le Maire, explained that he preferred the creation of a new savings product dedicated to defense: The Livret A, for me, is social housing, it must be stay, he added.
The Minister of the Economy is not the only one showing reluctance about the success of this project. According to a survey carried out by the Yougov institute for MoneyVox, the majority of French people (54% exactly) are not in favor This measure. Only 29% of those questioned (29%) are in favor of using part of regulated savings to support defense.
When asked which sectors could be funded instead of defense, respondents responded that they would prefer above all that this money benefit the public hospital (61% approval), the school (43%), the police (21%), dependence (20%) or even culture (18%). Case to follow.
Booklet A, LDDS: French savings will not finance Defense companies