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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.

 

Financialtribune.com