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

The Euro Zone Economic Crisis - Article Example Companies affected by the crisis have had to lay off workers, reduce their productivity, foreclose, or wind up. One of the countries that have seriously been affected by the crises in Greece. The crisis in Greece was prompted by an unreasonably high wage bill and pension commitment that saw the European country amass great debt. To save the situation in the countries affected by the crisis, bailouts have been issued and government bonds released. There are several long-term 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 economic 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 economic times are definitely hard, nobody would expect anyone to do it like they are doing it on both domestic and the global arena to even prompt the European Business Awards to cite them as examples. Mega disposables S.A, Lamda Hellix and Gaea have succeeded where their peers would fear to venture. Lamda Hellix a data centre service provider is spread out across South Eastern Europe, backed up by a team that works relentlessly to achieve success in providing the best customer service in the industry. Their main focus is integration and consultant 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 Operator in Europe (2009), Best Workplace in Greece in 2012.  The latter award is not just a confirmation that employees work in a safer place but that they share goals that are common 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).  Ã‚