
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.
Read More: Croatia just canceled the debts of its poorest citizens
Niamh Harris
Latest posts by Niamh Harris (see all)
- Trump “Made It His Business To Rape This Country” Says Joy Behar - January 23, 2021
- Pelosi Slammed By Archbishop For Attacking Pro-Life Voters - January 23, 2021
- Schumer Announces Start Of Impeachment Trial Saying Trump Incited An ERECTION Against US - January 23, 2021