[puerto]

Four years ago, Croatian government subsidised loans for buying properties. They used public money to help people without any savings to go in debt, so they can buy houses. Why? Because during the construction bubble, banks invested a lot in buildings that can't be sold (world crisis hit). Under disguise of helping young people getting their first property, they helped banks get rid of the dead capital and earn more money on loans. Subsidies went for interests for the first four years of payment. What about rational hard working people who saved and didn't need a loan? They got nothing. Why this wasn't in Washington Post? Government paying you to go in debt in a country high in debt isn't controversial, but banks cancelling it for people who can't pay it off is?

You think this move is bad for the banks and telco's? I bet it was their idea in the first place, government is too impotent and incompetent for anything. Throwing whole families out on the street is bad PR, for them and the government, and this way they can pay it off with some change money they were never going to see anyway.