French Capital Flight Intensifies as Political Uncertainty Drives Wealth to Offshore Havens
French entrepreneurs and affluent families are accelerating capital transfers to Luxembourg and Switzerland as political fragmentation continues. Wealth managers report unprecedented outflows following last year’s snap elections and ongoing budget disputes.
Political Turmoil Sparks Wealth Exodus
French entrepreneurs and wealthy families are reportedly moving record amounts of capital to Luxembourg-based annuities and Swiss financial havens as political instability persists in France. According to sources familiar with the matter, the outflow of personal investments accelerated significantly after President Emmanuel Macron called snap parliamentary elections last June, creating a fragmented National Assembly and successive fragile governments.