The financial crisis halted real estate development, leaving cities along the Euro-Mediterranean coastline with abandoned lots and unfinished dwellings. An EU initiative proposed intervention systems and economic reactivation strategies for these degraded areas.
The European sovereign debt crisis transformed once-promising tourist destinations into barren urban landscapes. The failure of public urban management models also contributed to this degradation. Planners, urban designers and policymakers now understand the need to rethink the urban framework together with a wide variety of stakeholders in order to deliver innovative strategies that will spur regional development.
Further details: Post-crisis strategies to save Mediterranean coastal cities