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 Niamh Harris (see all)
- Hillary Clinton Uses UK Book Tour To Warn About Russia - November 12, 2019
- World’s First Transgender Crosswalk Unveiled In The Netherlands - November 12, 2019
- ‘Motherly’ Hillary Clinton Says She Wants To Hug Meghan Markle - November 12, 2019