Banks Pull Back From Funding French Politics

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The money has always followed the power in French politics, as the party in office has built-in advantages for financing campaigns.

  • Gregory Viscusi
  • Bloomberg

Now, that gap is widening, with banks becoming more reluctant to make up the shortfall.

As he prepares for European Parliament elections in May, President Emmanuel Macron has a two-part edge: free airtime from a series of public debates and enough money to fund his party’s activities.

Cash-strapped rivals are begging for donations and relying on volunteers.

It wasn’t always this way.

Only one major party, Marine Le Pen’s National Front, was turned down for a…

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