- A large majority of French people (71%) are reluctant to invest their savings in defense.
- The Bpifrance Defense fund, born from the will of the State, has not achieved its objectives.
- The ethical question is a significant obstacle for savers, even if there is “a greater chance of making gains with this investment”.
Seven out of ten French people do not want to invest their savings in defense. Russia’s invasion of Ukraine and the war in Iran have, however, pushed the governments under Emmanuel Macron, like their European neighbors, to revise the budget allocated to their army upwards.
The Bpifrance Defense fund was also created thanks to the will of the State. He proposes to invest in French and European companies in the arms sector. For now, 100 million euros have been collected out of the 450 million hoped for.
“There are a lot of issues raised among the French when it comes to investing in defense”
notes Catherine André, LCI political columnist. Political, ethical and moral obstacles… A whole bunch of factors that do not encourage them to invest.
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Catherine André reminds us that we count “6.500 billion in financial savings among the French. It’s absolutely massive, but they don’t like risky investments”
. The editorialist, on the other hand, believes that there is “more likely to have investment gains in the defense sector than losses. Demand will be extremely strong”
.
More explanations in the video at the top of this article.
