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French government targets dormant savings to plug budget gap

Original: épargne

France is debating a plan to reclaim dormant savings, including forgotten life insurance policies and inactive Livret A accounts, reportedly worth around 1.4 billion euros. Government officials see the unclaimed funds as a source of revenue for the 2027 budget, drawing criticism from savers and financial commentators who say the state is going after money people have simply forgotten about.

Why now: Fresh reports that the French government plans to tap dormant accounts for its 2027 budget are alarming savers

French governmentLivret Aassurance-vieFrance

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