Billion-dollar "highway to nowhere" leaves Montenegro in debt and at China's mercy
CA, 01 Aug 2021
The state debt of the tiny Balkan country of Montenegro is doubling, as it tries to build one of the world's most expensive highways, with a price tag now over $1 billion.
The country has borrowed most of the money needed from China, and the loan has left the country at the mercy of Beijing, as it grows desperate for a bailout.
As Redmond Shannon explains, the highway doesn't even go anywhere yet, but it will have far-reaching consequences for the country's European Union hopes and beyond.
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The country has borrowed most of the money needed from China, and the loan has left the country at the mercy of Beijing, as it grows desperate for a bailout.
As Redmond Shannon explains, the highway doesn't even go anywhere yet, but it will have far-reaching consequences for the country's European Union hopes and beyond.
For more info, please go to https://globalnews.ca
Subscribe to Global News Channel HERE: http://bit.ly/20fcXDc
Like Global News on Facebook HERE: http://bit.ly/255GMJQ
Follow Global News on Twitter HERE: http://bit.ly/1Toz8mt
Follow Global News on Instagram HERE: https://bit.ly/2QZaZIB
#Montenegro #China #GlobalNews
