Croatia cancels debt of its poorest citizens

Posted on 2015/02/03 in Business, Croatia, Google+, Places

"A new program to help Croatia's poorest citizens tackle their debt and unfreeze blocked bank accounts went into effect on Feb. 2. The government is planning to spend up to $300 million on the program, titled 'fresh start', that will cancel the debt of Croatians who make less than $138 a month and have debts up to $5,100."

"The law affects more than 1% of Croatia's population of 4.4 million […]. Croatia recently entered its sixth year of recession, and is expected to experience weak economic growth this year."

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Croatia cancels debt of its poorest citizens

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