Amsterdam will reportedly buy out the debts of its young adult population to give them the opportunity to have a fresh start.
A new trial project aims to curb the growth in money borrowing by young Dutch adults.
A municipal credit bank will negotiate to buy young people's debts off creditors. Under the new scheme, they will then by issued with a loan to repay based on their means.
Those young adults who enrol in training or educational programmes could see have more of their debts cancelled, under the new programme.
Creditors will be given €750 (about $1250) as an incentive to pass the debt onto the council's bank.