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Grcic expects lower default interest rates to have huge effect

Author: rmli
ZAGREB, June 30 (Hina) - Regional Development and EU Funds Minister Branko Grcic said on Tuesday that he expected amendments to the Act on Contractual Relations, envisaging a decrease in default interest rates for households and the business sector, to have a significant impact both on households and the business community, which he said had been driven into debt slavery and blockades of bank accounts by excessive loan default interest rates.

(Hina) rml

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