Croatia Writes Off Debts Of 60,000 Poorest Citizens – 1 February 2015

RT logo(Lucas: This  headline easily can get lost in all the other headlines about war, austerity, false flags,etc. The system is crumbling as Greece may be the trigger for a falling EU/ ECB and its dreadful plans to further punish the people into extreme debt-slavery.  The Croatian forgiveness program could be a significant first step of what will come: only there are two ways in this. Reset the old system and start all over again and come back harder with a vengeance at the people or do without a system and let people exchange in the already new ways available without interest, costs and taxes and again debt-slavery. We can make change but need to start somewhere.)

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 to participate 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 per month.

“We assess that this measure will be applicable to some 60,000 citizens,” Deputy Prime Minister Milanka Opacic said as he was introducing the bailout. “Thus they will be given a chance for a new start without a burden of debt.”


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