Housing Miracle — Planning Blight



Early in the evening of 22 July 1995 thick smoke blackened the skyline to the north of Greater Athens. Parts of Mount Penteli and the countryside nearby were burning. The fire would rage for three days and two nights, turning 50 000 stremmas1 (= 50 sq km) of woodland and dozens of homes (mostly villas and cottages) into ashes. Once again, it would also prove the inefficiency of the state apparatus — not so much in fire control terms2 as in its inability to remove the incentive to commit this type of arson.3


Commercial Bank Mortgage Loan Housing Investment Mortgage Credit Housing Loan 
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Copyright information

© Nicholas G. Pirounakis 1997

Authors and Affiliations

  1. 1.Economic Research and Analysis LtdGreece

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