Croatia, which you may or may not know as The Home of the Necktie, is canceling the debt of the extremely destitute in its country. The goal is to help stimulate consumer spending in a country that has flagged behind on the pathway of global economic recovery.
Those eligible must:
1. "Have debts lower than 35,000 kuna" (about $5,200);
Now, this is not the great egalitarian debt cancellation that our present order so greatly needs. But it will help the absolutely, barrenly impoverished climb from their knees to their feet, and for that Croatia should be applauded. If only that it proves that this sort of relief is not unthinkable.
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