Caisse des dépôts et consignations
Encyclopedia
The Caisse des Dépôts et Consignations (Deposits and Consignments Fund) is a French
financial organization created in 1816, and part of the government institutions under the control of the Parliament
.
Augustin De Romanet is the board chairman and chief executive.
took the throne. In 1816, the king formed a new French government charged with the task of rebuilding the country's economy, including eliminating its long-standing trade deficit as well as the debt incurred through war. In April that year, the government created a new body, the Caisse des Dépôts et Consignations, expressly to safeguard public funds, including the country's civil servants' pension funds and retirement accounts.
France
The French Republic , The French Republic , The French Republic , (commonly known as France , is a unitary semi-presidential republic in Western Europe with several overseas territories and islands located on other continents and in the Indian, Pacific, and Atlantic oceans. Metropolitan France...
financial organization created in 1816, and part of the government institutions under the control of the Parliament
Parliament of France
The French Parliament is the bicameral legislature of the French Republic, consisting of the Senate and the National Assembly . Each assembly conducts legislative sessions at a separate location in Paris: the Palais du Luxembourg for the Senate, the Palais Bourbon for the National Assembly.Each...
.
Augustin De Romanet is the board chairman and chief executive.
The business
The collapse of the Napoleonic empire and a long series of financial scandals and crises in the early 19th century had sapped the French economy by the time Louis XVIIILouis XVIII of France
Louis XVIII , known as "the Unavoidable", was King of France and of Navarre from 1814 to 1824, omitting the Hundred Days in 1815...
took the throne. In 1816, the king formed a new French government charged with the task of rebuilding the country's economy, including eliminating its long-standing trade deficit as well as the debt incurred through war. In April that year, the government created a new body, the Caisse des Dépôts et Consignations, expressly to safeguard public funds, including the country's civil servants' pension funds and retirement accounts.