Athens Mayor Kostas Bakoyannis has warned that the city faces difficult financial choices due to a 75 million euro loan taken out by the previous administration led by Giorgos Doukas. Bakoyannis stated that residents will inevitably bear the cost of the debt. He outlined three potential scenarios: increases in municipal fees, reductions in city services, or securing further loans. The mayor emphasized there are no other viable options to address the financial burden. He criticized the previous administration’s decision-making, suggesting it could lead Athens towards a situation similar to national austerity measures. The warning was delivered during a city council meeting, signaling a potential shift in Athens’ financial strategy. The situation raises concerns about the future of public services and the financial impact on Athenian citizens.