https://freerepublic.com/tag/loanbailout/ en-us Thu, 15 Apr 2021 15:58:46 GMT Focus Forum 15 https://freerepublic.com/focus/f-news/3950934/posts The European Union will not help Montenegro pay off its almost €1bn loan from China. The western Balkan state borrowed the Beijing money to build a highway, which has since turned into one of the world's most expensive roadworks. Unable to pay off the debt, the Financial Times reported Montenegro had asked the European Union to step in. But a European Commission spokesperson on Monday (12 April) told reporters there is no chance of that happening. "We are not repaying the loans they are taking from third parties," said spokesperson Peter Stano. Stano said every country is free to do... EU Observer https://freerepublic.com/focus/f-news/3950934/posts#comment Thu, 15 Apr 2021 15:58:46 GMT