The In the first round of the French presidential election Twelve candidates started, eight of whom did not achieve the five percent mark. Under the rules, they are not entitled to a refund of their campaign expenses. Many of them now turn to their sympathizers for support, or else they will collapse.
Valerie Pecresse, the candidate for the Republic Party, received 4.8 percent. He made a desperate statement on Monday that the economic situation of his campaign was critical.
“I am personally responsible for five million euros,” he said, telling them they had a total budget of seven million euros that they would have to collect somewhere.
“We need immediate help so that we can collect this amount by May 15,” Valerie Pecres said clearly.
Yannick Gadot, the Green Party candidate, achieved a result of 4.6 per cent, all from a budget of €2m and, like Pekris, started a community fundraiser.
Meanwhile, the Socialists, who had their weakest result ever, stated that they did not need the money, they had a budget for their campaign up front. “We will not go bankrupt, as many would like,” said Olivier Faure, the party’s first secretary after the 1.8 per cent result.
In France, there are strict rules for campaigning. A total of 16.85 million euros can be spent, of which the state will pay up to eight million if the candidate achieves a result better than five percent. If not, you are eligible for a grant of up to €800,000.
The far-right Marine Le Pen, who finished second and was also seen as an opportunity for the next round, had previously struggled financially, for example, but help came. At the beginning of February, it turned out that he had taken a loan from a Hungarian bank for his campaign, and not so long ago. MKB of Lőrinc Mészáros was the creditor. Le Pen has raised more than ten million euros, eight of which can now be repaid by the French taxpayer to the Hungarian financial institution, and the presidential candidate must collect the remaining two.