Le Pen's RN reaches preliminary agreement with European banks for campaign loan

France's far-right party, Rassemblement National, has secured a preliminary agreement for a €10.6 million loan from two European banks for Marine Le Pen's presidential campaign. Despite being the frontrunner against President Macron, the party faced challenges in obtaining financing from French banks, which have largely withdrawn from political lending. The party treasurer expressed optimism about the loan agreement, which recognizes the party's credibility. Candidates reaching the second round of elections can receive state reimbursement for campaign expenses. The RN has previously sought funding from foreign banks due to difficulties with local institutions.