Crisis and land dispossession in Greece as part of the global 'land fever'

Costis Hadjimichalis

City, 2014, vol. 18, issue 4-5, 502-508

Abstract: The exploitation of land, but also of natural elements linked to it-such as water, forests, landscape, the subsurface and biodiversity-nowadays comprise investment targets for local and international speculative capital at some unprecedented extent, intensity and geographical spread. From 2009 on, Greece became a target country due to the current crisis which has decisively contributed to the de-valorisation/depreciation of the exchange-value of land, decreasing monetary values by 15-30%-depending on the area-when compared to 2005 prices. The special legal status imposed by the Troika as of 2010, forms a lucrative environment for speculators-investors, dramatically altering the legal, constitutional order and imposing something of a semi-protectorate status upon the country. This short paper explains how the crisis in Greece made public land via privatisations a major target for dispossession by global and local capital.

Date: 2014
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Citations: View citations in EconPapers (10)

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DOI: 10.1080/13604813.2014.939470

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