French banks are demanding government guarantees to fund presidential campaigns, citing skyrocketing risk as candidates often fail to meet vote thresholds or face delayed financial approvals. Olivier Gavalda of the banking lobby confirms major institutions like Credit Agricole have halted campaign lending, fearing reputational damage and financial loss. With Marine Le Pen’s National Rally polling strongly and holding parliamentary power, the push for state-backed financing—or shared lending among banks—is gaining urgency as a potential solution to the political financing crisis.
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