“Montenegro is in the EU's backyard: it would be, finally, a concrete way to show that the EU is indeed 'a player, a true geostrategic actor, [and not] just the playground', [a quote by HR Borrell] by taking a constructive stance in its immediate neighborhood. There are lots of European agencies that can provide the loan to repay the Chinese. It is only $1bn, whereas the EU banking system is flush with liquidity at the moment. For instance, the European Investment Bank (EIB) could step in. If not, I do not see why a consortium of EU banks cannot step in to give the loan.”
16 Apr 2021
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