Financial crisis it is like a natural disaster, from which you cannot hide, it is period of time when all economic activities decrease.

In the United States the financial crisis started somewhere in 2001, when the Federal Reserve decreased the rate of interest until 1%, to evaporate the economy that was affected after the terrorist attacks from September 11. This thing lead to huge loans, made by banks, which after they obtained their secured loans they give them forward under the form of home loans and personal loans. Many people who applied and get the loans did not asked for further details and neither the banks workers did not showed an interest to explain the risks that implies a loan. In the moment when the Federal Reserve started to increase the interest rates, debts doubled or even tripled their value, people could not deal with the increased interest rates and debt problems and the whole economy reached the situation in which is even today.
After the financial crisis had a barely felt effect on the whole world, during the past one and a half year, it becomes rapidly a worldwide problem. Not to talk about concerns connected to annuities and fixed annuities.

In Eastern Europe, the financial crisis was accentuated, like everywhere else in the world, because banks become very implied in real estates. The market was invocated by derived bank products for the real estates, which lead to excessive and uncontrolled consumption. Once with the uncontrolled increase of the prices of real estates, way over the ability to buy of many citizens, led to a huge decrees of the investments. Investors were disappointed by the huge prices of properties. The problem is that investors forgot about the law of demand and offer and about the fact that one day the market will fall.

In this moment many firms all over the world try to find solutions to face this huge financial crisis, trying to find solutions through debt management, reanalyzing budgets, negotiation of contracts, investments and projects, negotiation of loans and salaries.