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Change in Montenegro needs inside and outside pressure

Tuesday, March 12, 2019

Significance

The Slovenian member of the European Parliament’s Socialists and Democrats group was speaking after about 10,000 people braved bad weather to take part in the largest of a series of anti-government demonstrations on March 2. Protesters massed in the Montenegrin capital Podgorica demanded the resignation of country’s veteran strongman, President Milo Djukanovic, and others among his government and judicial allies, alleging corruption within their ranks.

Impacts

  • The bank scandals have shaken the financial sector harming CBCG credibility, whose former governor has been arrested for alleged bribery.
  • The fallout from bank scandals may as a consequence undermine investor confidence.
  • Barring significant and widespread civil disturbance, tourism should be unaffected, since the sector is concentrated along the coast.
  • Moscow will take pleasure in Djukanovic’s discomfiture even if there is no prospect of reversing the decision to join NATO.

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