Southeast Europe

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Everything about the Balkans as the region is known historically, or Southeast Europe, as is the more precise geographical term.

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mapto@feddit.bg

Montenegro's first motorway is funded by China. Could this work? (www.courthousenews.com)

submitted 5 months ago by mapto@feddit.bg to c/balkanika@feddit.bg

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Costs were steep. As the country’s debt load soared past 90% of its GDP in the wake of the pandemic, Montenegro announced in 2021 that it was unable to pay Chinese loans and was facing bankruptcy. European and American banks stepped in, bringing the country's debt ratio down to 60% of GDP.

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[–] mapto@feddit.bg 4 points 5 months ago

Even still, Penič couldn’t shake the feeling that the Balkans should be able to fix their own roads. “Communist Yugoslavia — the big one — we were the world's builders,” he said with a frown. “Now, we have to pay someone else.”

How come "the world's builders" didn't build a motorway at his home?