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China In Eurasia Share share PODGORICA Montenegro says it needs help from the European Union to pay off a whopping $1 billion Chinese loan for a controversial road project that has left the Balkan country in a dire financial situation. But EU spokeswoman Ana Pisonero told RFE/RL that the bloc does not repay loans from third parties, though she added that Brussels did have concerns over the socioeconomic and financial effects some of China s investments can have, as well as the risks of economic imbalances and debt dependency. She did say, however, that the EU was willing to offer support through its $10 billion Economic and Investment Plan for the Western Balkans. The Economic and Investment plan will help leverage funding from other public and private investors, including from the European Investment Bank at very favorable conditions, Pisonero said.

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