The Euro Zone Economic Crisis Article Example | Topics and Well Written Essays - 750 words

The Euro Zone scotch Crisis - Article ExampleCompanies affected by the crisis have had to lay off workers, reduce their productivity, foreclose, or filch up.One of the countries that have seriously been affected by the crises in Greece. The crisis in Greece was prompted by an unreasonably risque wage bill and pension commitment that saw the European country amass great debt. To retain the situation in the countries affected by the crisis, bailouts have been issued and government bonds released. There are some(prenominal) semipermanent measures that have been proposed to avoid a similar situation in the future including the write off of debts (Steinhauser par. 10), reviewing the European fiscal union, and establishing a European Monetary Fund.Despite the sparing crisis that threatens business in Europe a few companies have found their ways to weather the storm and come up on top. In days that Greece is ravaged by civil conflict, companies are cutting down on workforce and econom ic times are definitely hard, nobody would expect anyone to do it like they are doing it on two domestic and the global arena to even prompt the European Business swags to cite them as examples. Mega disposables S.A, Lamda Hellix and germanium have succeeded where their peers would fear to venture.Lamda Hellix a data centre service provider is spread out crosswise South Eastern Europe, backed up by a team that works relentlessly to happen upon success in providing the best customer service in the industry. Their main focus is integration and advisor services, besides they also maintain data for their party data service centres. The company boasts of winning several awards in the past 10 years that includes Best European Data Center Facilities Management Award (2011), Best European Green Initiative Award (2010), Best Regional Data Centre performer in Europe (2009), Best Workplace in Greece in 2012.The latter award is not expert a confirmation that employees work in a safer place but that they share goals that are leafy vegetable enabling them to be excellent in their personal and cooperate levels an adventure of success that has seen it being cited on the Wall Street Journal (Lamda Hellix, 2012).