Starting Monday, thousands of Croatia’s poorest citizens will benefit from an unusual gift: They will have their debts wiped out. Named “fresh start,” the government scheme aims to help some of the 317,000 Croatians whose bank accounts have been blocked due to their debts.
Given that Croatia is a relatively small Mediterranean country of only 4.4 million inhabitants, the number of indebted citizens is significant and has become a major economic burden for the country. After six years of recession, growth predictions for Croatia’s economy remain low for this year.
“We assess that this measure will be applicable to some 60,000 citizens,” Deputy Prime Minister Milanka Opacic was quoted as saying by Reuters. “Thus they will be given a chance for a new start without a burden of debt,” Opacic said earlier this month.
Latest posts by Carol Adl (see all)
- Russia To Veto UN Resolution On Syria Over Chemical Weapons - February 25, 2017
- The Pope Warns We Are Heading For ‘Great World War Over Water’ - February 25, 2017
- US Forces Trying To Evacuate ISIS Commanders From Iraqi City - February 25, 2017