24 May 2011

Special Report on “Insider World”” in Montenegran Banking”

An interesting report examining the banking industry in Montenegro right after it declared independence from Serbia in 2006 was released on Tuesday. The report discusses widespread corruption in Montenegro, specifically in the banking industry.

Corruption is not on the only theme, however, as lax governmental oversight, rapid price fluctuations, and cheap money all play a part.

For the full report from Reuters, please click here.