Marathon mayor claims municipality close to bankruptcy

TV celebrity and entrepreneur Ilias Psinakis, who took over as mayor of Marathon, northeast of Athens, in September, claims the municipality is close to bankruptcy because of mismanagement by previous officials.

“The party that had been going on for the last 16 years in the Municipality of Marathon is over and I am stuck with the bill,” he said.

Psinakis said the local authority would stop paying suppliers but would not seek a loan to cover its shortfall. “There is a Plan B,” he said, without giving further details.