yes, but that doesn't change the fact that the croatian government would have persuaded/forced the banks to cancel the debt, it's not the people with a loan who decided not to pay.
Well, then you must agree it's neither the side in debt neither the side who's supposed to get the money that decided to cancel the debt. Which leaves that situation in a very very weird place.
I would say, the government probably expect citizen that got their debt cancelled to vote for them in return (and they'll probably do, because those tricks unfortunately always work). Which makes them both a bit on the same "side" of the transaction.
