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Montenegro’s economy faces serious problems

Wednesday, September 14, 2011

Ballooning debt and a lack of foreign investment have put Montenegro at risk of economic crisis.
By Nedjeljko Rudovic for Southeast European Times in Podgorica — 14/09/11

Montenegro Central Bank Governor Radoje Zugic.

Montenegro’s economy grew at a rate of 2% in the first half of the year, but experts warn the country must immediately curb borrowing to avoid the crushing weight of a debt crisis.
“We are concerned about the pace of increasing public debt … More powerful economies in

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