No, the Egyptian Rafale contract does not threaten French taxpayers

Since the announcement of the signing ofa new contract for the acquisition of 30 Rafale aircraft by Egypt for € 4 billion, a misunderstanding spreads on social networks, based in part on a misinterpretation of the situation by certain French media and by AFP, according to which this contract could ultimately threaten French taxpayers, since the State French guaranteed 85% of the amount borrowed by Cairo from French banks in a 10-year loan to finance the operation. As we will see in this article, not only is there no objective reason to anticipate a default on the part of Egypt, but above all, even if this were to occur, at no time did the French taxpayer will need to be called upon to balance the public accounts on this issue.

First of all, it is important to remember that this new contract is not the only armaments contract binding France and Egypt. In particular, in 2015, the country was the first export customer of the French aircraft, initiating a dynamic which today makes the Rafale the combat aircraft of its generation the most exported in the world with 144 units ordered. , where the European Typhoon aligns 123 export orders; the F / A 18 Super Hornet and its electronic warfare version EA-18 Growler 119 controls; the F16 Block 70/72 Viper 129 orders; the Swedish Gripen, all versions combined, 98 orders; and the Russian Su35 64 orders. In addition, Cairo ordered 3 years ago the modernization of its 24 Rafale to the F3R standard, and Naval Group is currently completing the construction of 4 Gowind 2500 corvettes, after the country acquired the 2 BPC Mistrals initially built for Russia, and a FREMM frigate. However, to date, Cairo has honored all of its financial commitments, and presupposing that it will not do so with regard to this new contract simply has no basis.

Egypt acquired the FREMM Tahya Misr frigate in 2015 from France alongside the two BPC Mistrals and a fleet of 24 Rafale aircraft.

The rest of this article is for subscribers only

Full-access articles are available in the “ Free Items“. Subscribers have access to the full Analyses, OSINT and Synthesis articles. Articles in the Archives (more than 2 years old) are reserved for Premium subscribers.

From €6,50 per month – No time commitment.

Related posts