The state debt of the tiny Balkan nation of Montenegro is doubling, because it tries to construct one of many world’s most costly highways, with a price ticket now over $1 billion.
The nation has borrowed many of the cash wanted from China, and the mortgage has left the nation on the mercy of Beijing, because it grows determined for a bailout.
As Redmond Shannon explains, the freeway does not even go wherever but, however it can have far-reaching penalties for the nation’s European Union hopes and past.
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Over priced junk from china lol
Well, you obviously got set up, morons.
Other Countries Must Come Out of Belt and road trap
Since EU didn't want to do anything for us, we had to take things in our hands.
🇲🇪🤝🇨🇳
Classic overspending.
God bless China 🇨🇳✊✊✊✊✊✊
Standard scam to invent debt and capture a country Imperialism at its worst They got burned by China no bail out from Russia We should help and kick China to the curb
I smell anti China propaganda 😂😂😂
Wow China is known for doing this. They probably knew they couldn’t pay it back.
It is very bad publicity for the EU, and the last thing they should want is China or Russia getting their hands on it!
Buy from Walmart they are great at leveraging down the price of Chinese goods.
This could’ve been a great opportunity for the US or EU to bail Montenegro out by giving their own investments and kicking Chinese influence out. Oh well, money above all else I guess
You're buying a BRIDGE…From CHINA???? Now that's Stupid on a whole new level.
leaves Montenegro in debt and at China's mercy? Sorry Montenegrins, if you borrow the$$$ with no intention to pay it back, then don't blame it on China. Let the EU members to bail you up like they did with Greece in 2008, when it economically sunk with the help of the Goldman Sachs banksters.
"road to nowhere" global shows it doesnt know anything about economic development and population migration.
shows leaders who are inept and thoughtless of responsibility
thrill dirt on BRI as hard as they can, then Biden comes with the democratic version of BRI to take over. lol
As an American I am sick a F-ing tired of bailing out other countries. This is a European problem if we are going to help ANY other country it should be Mexico since it’s literally 20 minutes by car from my front door. And the 600 mil we gave Yes GAVE Israel to maintain their dome of terror of dome of protection Whatever TF it’s called. That’s 💯% 🐂💩!!!
Montenegro don't take anymore Chinese loans to start. Also allow the EU / NATO to build a base their and China won't step foot on your land.
Lastly bump up your mining of coal (China needs it, sell it to them to pay your debt.) and rare earth mining, the world needs more and does not want to rely on China.
highway crumble soon!
don't buy CN products!
withdraw from commercial or social relations with CN!
can't trust CN
%^**()(_()_()+++++American virus/American flu
Coronavirus originated in the United States. Two virus leaks occurred at the U.S. Virus Laboratory in Fort Detrick, Maryland, U.S. in 2019.On October 18, 2019, the 7th Military World Games was held in Wuhan china. American soldiers brought the coronavirus to Wuhan. the United States virus infected the world.Americans are trying to hide the truth
The flu comes from the U.S., Covid-19 come from the United States.
Ccp doing its tricks the biggest communist system a waits us
Predictor investments
Never trust the CCP.
Finish the highway and charge the toll fee and pay of the debt . Borrow the remaining money from Russia they are your allies
Well I guess if the Chinese government can rip up or disregard treaties such as the one that was supposed to guarantee Hong Kong's autonomy and freedoms for 50 years, the Montenegro government can do the same with this debt trap.
Don't blame China, everything is signed by two willing parties. It's Montenegro's responsibility for their own finances. If they couldn't afford it then they shouldn't have signed the contract.
So smart a small little country playing off too opposing forces.
Still better than a trillion dollar SCAMDEMIC.
This what I hate and also my own country borrowing money instead of doing savings at is own to create founding
Montenegro signed those contracts. People buy things they don’t need with money they don’t have.
Welcome to china Montenegro. Its a "Depth Trap" Goodluck.
加拿大自己建设的不好就只能骂别人
Canada had a highway that was unfinished and dirt road and ended in Labrador left for decades.
大驚小怪，小題大做
big surprise small strange, small topic make biggest issue
China exports blights and debts,
U could let korean or japanese or turks to build that