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Croatia writes off debts of 60,000 poorest citizens
Village of Bobodol, near Knin, in central Croatia.
Croatian government have gotten creditors on board a plan to erase the debts of some 60,000 poorest citizens. The “fresh start” scheme targets less than 1 percent of the entire debt, but is hoped to boost the economy in the long-term.
The unorthodox measure was voted for by the government on January 15 and comes into force on Monday. To be eligible...