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A brief breath of fresh air for the finances of the National Rally

2020-06-05T06:23:57.291Z


The Moscow Arbitration Court approved an amicable agreement between the party and its main creditor, the Russian company Aviazapchast.


The time is not for financial deconfinement for the party of Marine Le Pen. Weighted with more than twenty million euros of debts - due to a large structural deficit as well as a delicate access to funding - the National Rally saw the arrival of the heyday of June not without some anxiety.

The period is at the very least legally charged for the party, with, at the end, three potentially catastrophic decisions on its financial viability.

The first fell on Wednesday after a 24-hour delay, some 2,500 kilometers away. The Moscow Arbitration Court thus approved an amicable agreement between the nationalist party and its main creditor, the Russian company Aviazapchast. A real oxygen bubble for the party.

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As Mediapart revealed in February, the company was suing the party for the non-repayment of a loan of around 9.6 million euros. Borrowed, at the rate of 6% in September 2014, the amount should have been fully reimbursed on September 23, 2019.

The contracting parties have agreed on a large debt rescheduling. If the party refuses to communicate on its terms and conditions, the new repayment schedule would spread according to Opinion after the presidential election of 2022 in which Marine Le Pen has already declared himself a candidate. “Nobody talks about it. Little information filters, drops a frame in Figaro . But the logic is good to postpone any risk of bankruptcy so as not to interfere with the presidential election. After 2022, who will live will see. The problem is that with interest, our debt continues to grow. ”

Affair "campaign kits"

Especially since the only threat hovering over the flame party does not lie there. Postponed due to health crisis, the deliberations of the Paris Criminal Court in the case of "campaign kits" , initially scheduled for late April, are expected on June 16.

In this case where the party, as well as seven of its executives or collaborators, are suspected of having implemented “fraudulent maneuvers” during the elections from 2012 to 2015, the risks of convictions are staggering. The prosecution demanded 500,000 euros in fines, when the state, a civil party to the lawsuit, claimed 11.6 million damages.

An amount that the party would be unable to settle. Especially since this year there is a 4.3 million euro shortfall in public funding, out of the 5.2 that training receives annually. The whole having been taken to settle the slate - old in 2016 - due to the micro-party of Jean-Marie Le Pen, Cotelec. A hole that the "big national loan" launched by the RN in February has only partially succeeded in filling.

"The party has already been on default for several months," says former FN MEP Bernard Monot, now a member of Debout la France. This is the main reason why I left. They play ostrich politics and have been locked up in cavalry for years. ” The same feeling led a former RN employee to summon the party in early March for compulsory liquidation for some 20,900 euros in compensation. Originally scheduled for early April, the hearing is scheduled to take place in June.

Source: lefigaro

All news articles on 2020-06-05

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