Since Athens agreed to budget cuts approaching 11% of GDP, local governments have seen a sharp decline in funding. Yesterday, the cut-off caused the city of Piraeus to announce a stop payment on $275 million of debt.
Mayor Panagiotis Fasoulas demanded immediate payment of three years of owed funding or his city would abandon its own debt.
Some 25 years ago, who would have thought you were watching a Greek mayor roaming the court of Reynolds Coliseum?
Pano will forever remain one of the all-time favorite ‘role-players’ for a generation of Wolfpackers.
