France will respond 'clearly' to EU investigation of tax-free savings accounts
Finance Minister Thierry Breton said the government will respond ‘clearly’ to the EU Commission’s investigation into the restricted distribution of Livret A and Livret Bleu savings accounts, though it has not yet received any elements of the infringement proceedings. ‘Of course, we are ready to respond clearly,’ Breton told journalists. Earlier today, the Commission said it will contest the granting of exclusive distribution rights of Livret A savings accounts to state-owned La Poste and mutual bank Caisse d’Epargne.
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