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Valérie Pécresse begs for €16m to keep Republicans afloat
The party founded by Charles De Gaulle Les Republicains failed to win 5% of the vote that is needed under French election law to be compensated for half of the 17 million euros that can be spent on the campaign. Valerie Pecresse got 4.75% of the vote- that entitles her to 800,000 euros. She personally borrowed 5 million euros. She now needs 16 million euros and has appealed for donations. Pecresse failed to win the support of different factions in her party including former president Sarkozy. A similar situation faces the Greens candidate Yannick Jadot who received only 4.63% of the vote.
French election law limits legal spending to 17 million euros and does no allow corporate donations, with a personal donation limit of 4600 euros.
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