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 3 weeks 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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