THE GLOBAL ECONOMIC CRISIS IMPACT ON THE EURO AREA COUNTRIES

This paper tries to highlight the impact of the current economic and financial crisis on the Euro Area Countries since the outbreak of the Greek sovereign debt crisis, showing also, the positive developments in Europe and lower financing costs for euro zone periphery states, that encouraged Greece, the epicenter of the debt crisis four years ago, to try on this year to attract funding markets to avoid a new bailout. The European financial markets continue its upward trend in 2013 with a wave of confidence, increasing the value of stocks, bonds and euro market, facilitating the return of the euro area that have been forced to seek bailout package. Most banks of the states from the "periphery" euro zone borrowing costs at record lows and major Western European stock exchanges indexes are lately the highest level since May 2008, while the euro is close to the maximum last four years against the dollar. Companies from the Euro Area Countries are features by return of markets, managed more easily to find funding and even investors. Also, heavily indebted companies have won more time to implement restructuring programs.