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Home VIDEO NEWS FROM AROUND THE WORLD

Billion-dollar "highway to nowhere" leaves Montenegro in debt and at China's mercy

by 198 China News
August 9, 2021
in VIDEO NEWS FROM AROUND THE WORLD
1 min read
40
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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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Comments 40

  1. Jimmy B says:
    2 years ago

    Over priced junk from china lol

    Reply
  2. Liquid says:
    2 years ago

    Well, you obviously got set up, morons.

    Reply
  3. Son of Tank man says:
    2 years ago

    Other Countries Must Come Out of Belt and road trap

    Reply
  4. Good Boi says:
    2 years ago

    Since EU didn't want to do anything for us, we had to take things in our hands.
    🇲🇪🤝🇨🇳

    Reply
  5. L_J says:
    2 years ago

    Classic overspending.

    Reply
  6. Matub Alfaisal says:
    2 years ago

    God bless China 🇨🇳✊✊✊✊✊✊

    Reply
  7. Steve Heuser says:
    2 years ago

    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

    Reply
  8. Matub Alfaisal says:
    2 years ago

    I smell anti China propaganda 😂😂😂

    Reply
  9. Melanie says:
    2 years ago

    Wow China is known for doing this. They probably knew they couldn’t pay it back.

    Reply
  10. Cloudie 9 Druoid says:
    2 years ago

    It is very bad publicity for the EU, and the last thing they should want is China or Russia getting their hands on it!

    Reply
  11. Melanie says:
    2 years ago

    Buy from Walmart they are great at leveraging down the price of Chinese goods.

    Reply
  12. Jose Lee says:
    2 years ago

    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

    Reply
  13. David Wales says:
    2 years ago

    You're buying a BRIDGE…From CHINA???? Now that's Stupid on a whole new level.

    Reply
  14. Freddie Thompson says:
    2 years ago

    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.

    Reply
  15. Francois Dupont says:
    2 years ago

    "road to nowhere" global shows it doesnt know anything about economic development and population migration.

    Reply
  16. gracie kitty says:
    2 years ago

    shows leaders who are inept and thoughtless of responsibility

    Reply
  17. Kevin Wang says:
    2 years ago

    thrill dirt on BRI as hard as they can, then Biden comes with the democratic version of BRI to take over. lol

    Reply
  18. Christina Sornbutnark says:
    2 years ago

    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 💯% 🐂💩!!!

    Reply
  19. BCN | SOCIAL says:
    2 years ago

    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.

    Reply
  20. Zhee Lee says:
    2 years ago

    highway crumble soon!

    Reply
  21. Zhee Lee says:
    2 years ago

    don't buy CN products!

    Reply
  22. Zhee Lee says:
    2 years ago

    withdraw from commercial or social relations with CN!

    Reply
  23. Zhee Lee says:
    2 years ago

    can't trust CN

    Reply
  24. Entao Lu says:
    2 years ago

    %^**()(_()_()+++++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.

    Reply
  25. Robert Van Der Zwan says:
    2 years ago

    Ccp doing its tricks the biggest communist system a waits us

    Reply
  26. BLUERAY1611 says:
    2 years ago

    Predictor investments

    Reply
  27. David Hynes says:
    2 years ago

    Never trust the CCP.

    Reply
  28. Summer Moon says:
    2 years ago

    Finish the highway and charge the toll fee and pay of the debt . Borrow the remaining money from Russia they are your allies

    Reply
  29. Patrick Quinlan says:
    2 years ago

    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.

    Reply
  30. Zerg Cerebrates says:
    2 years ago

    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.

    Reply
  31. MoMoBB41 says:
    2 years ago

    So smart a small little country playing off too opposing forces.

    Reply
  32. Ray Tard says:
    2 years ago

    Still better than a trillion dollar SCAMDEMIC.

    Reply
  33. Marvin Sanjuan says:
    2 years ago

    This what I hate and also my own country borrowing money instead of doing savings at is own to create founding

    Reply
  34. Don Gato says:
    2 years ago

    Montenegro signed those contracts. People buy things they don’t need with money they don’t have.

    Reply
  35. Rene Formalejo says:
    2 years ago

    Welcome to china Montenegro. Its a "Depth Trap" Goodluck.

    Reply
  36. I don't look at replies says:
    2 years ago

    加拿大自己建设的不好就只能骂别人

    Reply
  37. Kled Dred says:
    2 years ago

    Canada had a highway that was unfinished and dirt road and ended in Labrador left for decades.

    Reply
  38. Johnny jai says:
    1 year ago

    大驚小怪,小題大做
    big surprise small strange, small topic make biggest issue

    Reply
  39. BestIntentions says:
    1 year ago

    China exports blights and debts,

    Reply
  40. Orkun dislike says:
    1 year ago

    U could let korean or japanese or turks to build that

    Reply

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