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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[–] slazer2au@lemmy.world 1 points 5 months ago (1 children)

Have they considered taxing the rich people that go there?

[–] mapto@feddit.bg 1 points 5 months ago

Does this qualify?

The A-1 was convenient — but like many here, she was also honest about its downsides. “This road is very, very, very expensive,” she said, speaking in English. “And there's corruption.”