Croatia writes off debts for poorest citizens

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Croatia writes off debts for poorest citizens - -> telegraph.co.uk/finance/econ … izens.html

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.

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