France Introduces New Savings Product for Defense Investments
The voluntary fund, managed by BPI France, allows citizens to invest in defense companies with a minimum contribution of 500 euros locked for five years.
- The French government has launched a savings product enabling individuals to invest in defense sector companies as part of a national defense strategy.
- The initiative requires a minimum investment of 500 euros, with funds locked for at least five years to encourage long-term economic contributions.
- The product will be voluntary, consist of private funds, and be managed through major banking and insurance networks.
- Éric Lombard, Minister of the Economy, emphasized the need for European defense autonomy due to concerns over the reliability of U.S. security guarantees.
- The exact rate of return for the savings product has not yet been disclosed, but it aims to mobilize private resources for strengthening defense capabilities.