Croatia just canceled the debts of its poorest citizens

Re:Croatia just canceled the debts of its poorest citizens by deciplex on Sunday February 01, 2015 @07:55PM (#8982296)

> If you were a bank that had just been pressured into forgiving a bunch of loans, how likely would you be to make new loans to the same class of people?

Considering that many of those loans are predatory in nature, that may not be a bad thing.

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Re:Croatia just canceled the debts of its poorest citizens by hueving on Sunday February 01, 2015 @08:53PM (#8982423)

Any proof of that? Or are you just assuming that it is similar to payday loans in the US?

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Re:Croatia just canceled the debts of its poorest citizens by saiya-jin on Monday February 02, 2015 @04:12AM (#8983346)

agreed, these lowest (if any) income class should stay away from any kind of debts as far as possible. It's a spiral that they've already fallen through at least once

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