(Bloomberg) -- French presidential candidate Marine Le Pen’s team unveiled Saturday the main themes of her program in a document titled the “144 presidential commitments. Marine 2017.” Following are the main measures detailed in the document.
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Banking and monetary system
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- Scrap the 1973 law that secures independence of the Bank of France
- Restore a national currency to face “unfair competition”
- Allow the Bank of France to directly fund the Treasury
- Restore “monetary, legislative, territorial and economic sovereignty”
- Cut interest rates on loans and banking overdrafts for companies and households
- Scrap EU regulation that freezes or bans the withdrawal of deposits (life insurance and savings) in case of a financial crisis or bank run
Europe
- Organize a referendum on France’s European Union membership
- Pull out of the Schengen accord that guarantees freedom of movement
- Recreate a 6,000-strong border-control police unit
- Ban posted workers from EU countries to work in France
- Replace EU’s agricultural pact with a French agricultural deal
Marine Le Pen on Feb. 4.
Photographer: Jeff Pacoud/AFP/via Getty Images
Trade
- Promote “smart protectionism”
- Ban foreign companies with optimization tax-scheme from having access to public markets
- Support French companies in face of “unfair international competition”
- Ban imports of all type of goods that don’t respect French norms
- Create a “patriotic economy” by rescinding EU laws that ban national preference for public orders
- Ban foreign investors from strategic and “important” French industries
- Create a sovereign fund to protect French companies from “vulture” funds and takeovers
- “Refuse trade agreements” such as CETA,TAFTA, accords with Australia and New Zealand
Industry
- Cut regulated natural gas and electricity prices by 5 percent “immediately”
- Maintain state control on EDF, start a major multibillion euros re-fit plan of the country’s nuclear plants, keep Fessenheim nuclear plant open
- Ban shale-gas exploration “until environment, security and health conditions are satisfactory"
- Set a moratorium on windmills for power generation
- Ban genetically modified organisms
- Plan to re-industrialize the country with state backing
- Keep innovation in France by banning a company that received state subsidies or tax cuts from being acquired by a foreign investor
- Support small and mid size companies by alleviating administrative rules, taxes and labor regulations
Taxes
- Create an additional tax on foreign workers “to promote priority to French nationals”
- Maintain the ISF wealth tax
- Lower income taxes for the three lowest income brackets
- Create a tax on companies doing business in France but evading the tax system on profits
Immigration, Foreigners, National Identity
- Cut legal immigration to 10,000 a year
- Ban “automatic naturalization” for spouses
- Automatic deportation of any foreign criminal offender
- Scratch the right of birthplace
- Make citizenship a “privilege” and insure a “national priority” for French citizens in the constitution
- Put French flags on all public buildings
- “Defend the French language” by restricting the use of foreign languages in schools and by reserving half the teaching time in primary schools to French language
- Make uniforms mandatory in schools
Security
- Pull out of NATO military command
- Increase defense spending to 3 percent of GDP by 2022
- Hire 15,000 police and security forces
- Build a new aircraft carrier (to be named Richelieu)
- Plan to disarm “5,000 gang leaders” in French suburbs
- Rebuild a local intelligence service
- Scratch state family subsidies if underage child is found guilty of repeated offenses
- Creation of a sentence of life without parole
- Creation of 40,000 new prison cells
Terrorism
- Ban all radical Islam groups
- Close all extremists mosques
Labor Laws and Retirement
- National plan for equal pay for women
- Lower retirement age to 60 with 40 years of contributions for a full pension
- Scrap the latest labor regulation (Loi El Khomri)
- Maintain 35-hour workweek
- Increase public workers’ wages
Liberties
- National data protection plan: personal data storage and servers must be in France
- Ban surrogacy and restrict medically supported procreation to people with sterility problems
- Scrap the 2014 law allowing same-sex marriage and replace it with civil union (without retroactivity)
- Put the state on the supervisory board of the television and radio regulator
Electoral System
- Change the voting system to proportional for every election (legislative, senatorial, presidential)
- Cut the number of lawmakers at the National Assembly to 300 from 577 and Senate to 200 from 348
- Cut local administration and shrink the levels of local types of governments by half
- Make citizen-initiated referendums easier to organize