January 3, 2017    1 minute read

Le Pen To Fund Le Pen

   January 3, 2017    1 minute read

Le Pen To Fund Le Pen

Marine Le Pen will borrow money from her father’s fund, as banks are refusing to finance the far-right politician’s campaign.

Editor’s Remarks: The National Front, Le Pen’s party, has been struggling to put together the €20m needed to run her presidential campaign for the elections this spring. The controversial candidate will borrow €6m from her father’s political fund, Cotelec. Right-wing politician Jean-Marie Le Pen, Marine Le Pen’s father, was the leader of the National Front from the party’s foundation in 1972 until 2011. Marine Le Pen, who took over from him, has been riding a populist wave which has claimed several political careers and resounding victories around the world, from the Brexit vote to Donald Trump accession to the US presidency. It remains to be seen whether Marine Le Pen will enjoy the same success in France, but her victory would surely spell troubled times for the European Union.

What to watch: Marine Le Pen, National Front, French Presidential Elections

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