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Billion-dollar "highway to nowhere" leaves Montenegro in debt and at China's mercy

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The state debt of the tiny Balkan country of Montenegro is doubling, as it tries to build one of the world's most expensive highways, with a price tag now over $1 billion.

The country has borrowed most of the money needed from China, and the loan has left the country at the mercy of Beijing, as it grows desperate for a bailout.

As Redmond Shannon explains, the highway doesn't even go anywhere yet, but it will have far-reaching consequences for the country's European Union hopes and beyond.

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Category
U.S. & Canada
Tags
global news, Montenegro, China
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