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Euronews
Euronews
Mared Gwyn Jones

Fact-check: The EU will not 'confiscate' Europeans' savings to spend on defence

European Union Euro Euroverify Commission

The EU executive is not looking to "confiscate" up to €10 trillion in money stashed away in European citizens' savings accounts to spend on defence, despite a claim circulating widely on social media.

Euroverify has detected the false allegation on X, TikTok, Facebook and YouTube, fuelled by an article published on the Russian state news agency TASS.

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