croatia wipes debts of the poor in fresh start scheme
Last Updated : GMT 22:38:51
Arab Today, arab today
Arab Today, arab today

Croatia wipes debts of the poor in 'Fresh Start' scheme

Arab Today, arab today

Arab Today, arab today Croatia wipes debts of the poor in 'Fresh Start' scheme

Social welfare
Zagreb - AFP

Tens of thousands of Croatians are to be freed from the tyranny of debt under a new government scheme entitled "Fresh Start" which gives the hard-up a clean credit slate.
Around 60,000 people with debts of under 35,000 kunas (4,500 euros, $5,300), whose bank accounts have been blocked for more than a year, are expected to benefit from the one-off scheme, which came into effect Monday.
The beneficiaries of the amnesty will have debts with telecoms operators, big banks, several public utilities, four municipal governments and the tax office all torn up.
"This is a social measure of which we are proud," Prime Minister Zoran Milanovic said, while stressing that the scheme, which is expected to cost up to 46 million euros, was an "emergency" step that Croatia could not afford to repeat.
The Adriatic country of 4.2 million is mired in a cycle of low growth and high unemployment.
"We are doing everything possible to facilitate the lives of people affected by this long and exhausting crisis," Milanovic said.
- 'A bright note' -
To be eligible for the debt forgiveness, applicants have to either be on social welfare or earn a maximum 166 euros a month. They must also have no savings nor own a second home.
"I'm looking forward to it. This is a bright note in this country," Lucija Tomljanovic, a single mother of four who planned to apply for the debt relief, told state-run HRT television in the coastal town of Zadar.
As of December, more than 322,000 Croatians had their bank accounts blocked due to unpaid bills. Their combined debts amounted to 4.1 billion euros.
Zdeslav Santic, chief economist at the Societe Generale Splitska Banka, said the move could help spur a recovery.
"It could help socially endangered people and give a boost to partly revitalise personal spending," he told AFP, while stressing the scheme should be a one-off.
An association representing 10,000 Croatians whose bank accounts have been blocked slammed the programme, however, pointing out that only city dwellers could avail of some elements and calling instead for changes to banking regulations.
"The government is throwing dust into the public's eyes," Antun Rupa of the association told AFP, linking the largesse to elections due later this year.
The main opposition conservatives took a similar view.
"After ... not showing even a bit of social empathy, they have suddenly discovered, in an election year, that they are a Social Democratic government and they should act accordingly," said Zeljko Reiner, an official with the HDZ party.
Croatia joined the European Union in 2013.
Initial hopes that membership of the elite bloc would boost the economy have foundered on continuing high unemployment of nearly 20 per cent and stagnant growth, which the government has forecast to reach only 0.5 percent this year.
Economists have urged the government to reform the country's bloated civil service and take steps to encourage investment.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

croatia wipes debts of the poor in fresh start scheme croatia wipes debts of the poor in fresh start scheme

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

croatia wipes debts of the poor in fresh start scheme croatia wipes debts of the poor in fresh start scheme

 



Arab Today, arab today
Arab Today, arab today Jordanian woman reveals her project

GMT 00:46 2017 Saturday ,11 November

Jordanian woman reveals her project
Arab Today, arab today Banyan Tree Phuket Takes Festive Season

GMT 01:34 2017 Friday ,17 November

Banyan Tree Phuket Takes Festive Season
Arab Today, arab today Keep kids busy at Thanksgiving gatherings

GMT 11:14 2017 Friday ,10 November

Keep kids busy at Thanksgiving gatherings
Arab Today, arab today Israel ready to cooperate with Saudi

GMT 06:31 2017 Friday ,17 November

Israel ready to cooperate with Saudi
Arab Today, arab today Top Democrat faces investigation

GMT 09:50 2017 Friday ,17 November

Top Democrat faces investigation
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Australian academic's book pulled

GMT 15:20 2017 Monday ,13 November

Australian academic's book pulled
Arab Today, arab today Angola oil boss sacked by father's protege

GMT 11:15 2017 Thursday ,16 November

Angola oil boss sacked by father's protege
Arab Today, arab today paObama climate envoy slams Trump's rejection

GMT 16:04 2017 Friday ,17 November

paObama climate envoy slams Trump's rejection
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Baidu speeds up AI progress

GMT 11:46 2017 Friday ,17 November

Baidu speeds up AI progress
Arab Today, arab today Urban, young and active?

GMT 11:01 2017 Thursday ,16 November

Urban, young and active?
Arab Today, arab today Ayten Amer happy for “The Flood” success

GMT 08:06 2017 Wednesday ,15 November

Ayten Amer happy for “The Flood” success
Arab Today, arab today Unloved vultures fight for their survival

GMT 11:38 2017 Wednesday ,15 November

Unloved vultures fight for their survival

GMT 08:21 2017 Tuesday ,14 November

Nelly Karim focuses on humanitarian roles

GMT 09:23 2017 Wednesday ,15 November

Years melt away as Bening & Bell play unlikely lovers

GMT 18:41 2017 Friday ,20 October

Designer Aql Faqih aspires to innovation

GMT 13:40 2017 Monday ,13 November

Pollution spikes in Delhi amid warnings

GMT 11:49 2017 Thursday ,17 August

Egyptian artist presents new collection of designs

GMT 10:55 2017 Thursday ,16 November

UN warns fuel running out

GMT 01:04 2017 Wednesday ,15 November

In Morocco, a blue tourist town

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday