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Greek Can-do Mayor Bucks National Trend in Fixing City Finances

Greek Can-do Mayor Bucks National Trend in Fixing City Finances
70-year old Thessaloniki mayor Yannis Boutaris stands apart from the political mainstream, pulling off reforms that have so far evaded the national government in its three-year-old debt crisis. In contrast to the rest of Greece, this sea-front city of one million is shrinking debt, cutting business taxes to help firms and paying city employees and contractors on time.

70-year old Thessaloniki mayor Yannis Boutaris stands apart from the political mainstream, pulling off reforms that have so far evaded the national government during its three-year-old debt crisis.

In contrast to the rest of Greece, this sea-front city of one million is shrinking debt, cutting business taxes to help firms and paying city employees and contractors on time.

(READ the story from Reuters)

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