[SeekAndFind]

A copy of the loan contract reviewed by NPR shows that if Montenegro is not able to repay China’s state-owned Export-Import Bank on time, the bank then has the right to seize land inside Montenegro, as long as it doesn’t belong to the military or is used for diplomatic purposes.

In addition, Montenegro’s former government signed off on allowing a Chinese government court to have the final say on the execution of the contract. Deputy Prime Minister Abazovic told Euronews in May that he finds the terms incredulous. “This is not normal,” he said “This is out of any kind of logic of national interest.”

[SeekAndFind]

THE MONTENEGRO HIGHWAY TO NOWHERE:

[farmguy]

So if they don’t pay, is china going to invade Montenegro?

(I wonder if the ‘big guy’ was anyway involved in this)

[ALPAPilot]

Send China the bill for COVID and call it even.

[Brian Griffin]

“using a $1 billion loan from a Chinese state bank, entered into a deal with a Chinese state-owned construction company to build a 270-mile-long highway. Now, with only 25-miles extending from nowhere to nowhere built”

Sorry about our left hand not doing the job contracted for, our right hand is still has sticky fingers though.

[Renfrew]

China has hundreds of deals like this around the world. Their problem is they don’t currently have the ability to project their military force to these areas.

Montenegro can renege on the debt and China can’t do much about it. That is why I expect China will offer very generous terms, but one of them to be a military base.

Once that is in place the PLA can enforce its European contracts.

[nosf40]

Knowing Montenegro geography, 270 miles is the circumference of the country 😂. There is no way that 1B$ was going to be sufficient to build a road of any significance in a mountainous country.

They should simply tell Chinese to get lost, and offer to send them people who signed the contract.

[dfwgator]

Breaking up Yugoslavia was stupid. Sure it had problems, but these are just too many small countries that are easy pickings.

[devere]

Not a problem. Declare the debt null and void as partial Wuhan virus reparations. China still owes NATO member Montenegro a lot more money.

[pacpam]

Modern colonialism. Why is no one screaming about this like they do and did about past colonialism.

[VanShuyten]

“… entered into a deal with a Chinese state-owned construction company to build a 270-mile-long highway. Now, with only 25-miles extending from nowhere to nowhere built, the debt is coming due ”

Sounds like Montenegro needs to call Gov. Newsom for some advice….