IDENTIFICATION OF SOME RISKS FOR THE EUROPEAN AND ESPECIALLY EURO AREA FINANCIAL MARKETS, IN THE CONTEXT OF GLOBAL FINANCIAL CRISIS

Often, in the media and in literature, risks are analysed in the context of financial stability. As we know, the financial stability confers to the financial system the resistance needed in order to diminish, dissipate or even absorb the shocks and the macroeconomic imbalances, at the same time ensuring the normal functioning of financial intermediation process. For this reason, it is important to identify risks and vulnerabilities which may jeopardize the achieving and the maintaining of the financial stability. Financial stability requires identifying the main sources of risk and vulnerability of the system, proper risk management being able to prevent financial crises and stimulate economic growth. For this reason, the article aims to identify, a series of risks and vulnerabilities for monetary and financial stability at the level of the European financial market and particularly at the level of the euro area, while providing a range of solutions for in order to mitigate them.