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French government targets dormant savings accounts for 2027 budget

Original: épargne

French media report that the government plans to reclaim around 1.4 billion euros from forgotten savings, including inactive life insurance contracts, dormant Livret A accounts and inactive bank accounts, as part of its 2027 budget. Outlets including Capital, Yahoo Finance and Le HuffPost explain how the state intends to recover funds that account holders have left untouched.

Why now: The plan affects millions of savers who may hold forgotten accounts, raising concerns about state seizure of private money.

French governmentLivret Aassurance-vieCaisse des dépôts

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