Source: China – South China Morning PostMontenegro is weeks away from securing a deal to either swap or refinance with European and US banks nearly US$1 billion in debt owed to China, and hopes to reduce the interest rate on the debt to below 1 per cent, Economy Minister Jakov Milatovic said.Montenegro borrowed US$944 million from China in 2014 to fund a 41km (25-mile) stretch of road, which foes of then-Prime Minister Milo Djukanovic dubbed the “Road to Nowhere”, saying it typified waste under his rule, an accusation he denied.Prime…Read More