Incredible!
Croatia is making history and ripples in the pond. I’m very happy for the poor
who get a ‘fresh start’, and that’s the perfect name for this initiative which
will be repeated in other countries—but not soon enough. Our eventual “grand
jubilee” will provide relief worldwide to everyone. ~ BP
Croatia Writes Off Debts for Poorest
Citizens
February 1, 2015
Thousands of Croats
will see their debts written-off on Monday as part of an attempt to boost the
economy by helping households to regain access to basic facilities including
bank accounts.
The scheme, which has
been dubbed “fresh start”, will see the debts of around 60,000 citizens
erased by banks, telecoms and utilities operators as part of a deal with the
government.
Around 2.1bn kuna
(£20m) worth of bad debts are expected to be written off by creditors who have
signed up to the scheme. None will be refunded for their losses.
Qualifying households
must have debts lower than 35,000 kuna (£3,500), and their monthly income
should not be higher than 1,250 kuna. Croats who own property or have
any savings will not benefit from the deal.
“We assess that this
measure will be applicable to some 60,000 citizens,” said Milanka Opacic,
Croatia’s deputy prime minister. “Thus they will be given a chance for a new
start without a burden of debt.”
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