World Economy

Croatia Erases Poors’ Debts

Croatia Erases Poors’ DebtsCroatia Erases Poors’ Debts

Croatian government is to erase the debts of some 60,000 poorest citizens. The “fresh start” scheme targets less than 1% of the entire debt, but is hoped to boost the economy in the long-term, RT reported. Debtors must have no savings or property, have a debt no greater than about $5,100 and live on welfare or an income of no higher than $138/month.