BTW, Montenegro has only a little over *600,000* people. Can a modern independent country survive with so small a population? Especially since Montenegrins in the northern and eastern parts are considerings seceding from Montenegro and joining Serbia if independence succeeds.
It certainly seems so.
Cyprus, Bahrain, Luxembourg, Malta, Bahama, Iceland, Belize, Barbados, Andorra, Liechtenstein, and Monaco are some examples.