1 Overview of the crisis in the Eurozone Analysis of the impact of the global financial crisis on the Eurozone and enterprise sectors in the European region and Southeast Asia Eurozone impact on the value of shareholders' equity and assets of the companies most affected The political impact of short term, medium term and long term can affect the performance of the enterprises in Europe and Southeast Asia The advice for multinational companies to support and build strategy in the Eurozone and Southeast Asia (SEA) Overview of the crisis in the Eurozone: From 2000 to present, the world economy has always gone through many changes Starting from the bankruptcy of WorldCom in 2003, with fraud Mardoff historic $ 65 billion in 2005, and is the largest U.S credit crisis of 2007 Followed the collapse of Lehman Brothers Empire, the global economic crisis from 2008 to 2009 During this period, the GDP of the 15 countries using the euro hit a sound, marking the first decline in the history of the area near a decade Step into 2010, despite the economic crisis affected had a lull, but emerges more volatile The debt crisis broke out in late 2009 in Greece has spread to other countries in the euro area in 2010 in Europe After Greece and Ireland, and Spain, Belgium, Portugal and Italy are forecasting might be the next victim Many European countries have carried out the austerity measures, causing a wave of public discontent The vibration makes financial analysts worldwide to consider re-evaluate the effect of considering the value of the euro and model patterns of EU monetary union In the context of developed countries leading U.S., Japan, Europe is on the verge slowed the remote Far East, the ASEAN group of small but dynamic and growth potential are review aims to create a model community in the European Union with a common currency in 2015 to cope with the economic crisis is spreading ASEAN has played a dynamic role in the development of Asia for many years, particularly in times of crisis and post-recession economy Moreover, ASEAN also play a positive role in maintaining peace and stability in the region, expressed as a responsible member of the response to the global challenges emerging today Analysis of the impact of the global financial crisis on the Eurozone and enterprise sectors in the European region and Southeast Asia The impact on the business and the industry in Europe: According to the European Commission, the EU economy started sinking into the debt crisis at the beginning of 2010 The impact of the crisis has negative impact on the flow of foreign investment (FDI) at the EU member countries and the developing countries and all countries export more to this area Neo-protectionism in developed countries now have reason to exist and increase, in various hiding sophisticated form barriers to limit imports sources; demands of the current population also decreased due to the EU countries apply more austerity measures such as salary cuts, lay off public employees, limiting subsidies The export business in France, Italy, Finland, Sweden, and Denmark was hit hard by the debt crisis in the euro area (eurozone) making sales and profits decline, credit freezes and investment reductions England Alcohol business conglomerate Diageo, with brands Guinness and Smirnoff, has to lay off about 400 employees in Europe, in a cost savings program totaling £ 80 million within years The majority of staff is being cut at the base in Greece, Ireland, Portugal and Spain countries with severe debt crisis in the Eurozone Vodafone Group has divested to £ 450 million from operations in Greece, the biggest victim of the euro crisis Sales of Vodafone in Spain fell 9% in the first months of this year, while revenue fell 2.3% in Italy The group has planned a series of staff reductions in areas difficult business across Europe Among other large companies are headquartered in the UK and listed on the London Stock Exchange are subject to heavy impact from the Eurozone crisis, there are retailers Dixon, corporation Unilever appliances , tobacco company Imperial Tobacco, Prudential Insurance, Barclays Bank GM's European branch has suffered losses totaling 580 million euros in the first nine months of this year, partly due Vauxhall car sales fell by almost 5% compared with the same period last year In France, the wine industry of Bordeaux tradition, also grappling with global conditions reduced purchasing power, global wine connoisseurs still willing to pay a hefty price to get a bottle of wine comes from Bordeaux However, until now, the premium wines of France were no longer being sold for thousands of euros as before 8/2012 Liv-Ex index for 50 professional wine has lost 1/3 value Mrs Florence Cathiard, co-owner of Chateaux Smith Haut Lafitte - manufacturers has high credibility with 80% of exported wine was brought, said: "I not expect wine prices will skyrocket as the time from 2009 to 2010 The world is in good condition Last year, I had to decline to 41% The impact on business and industry in Southeast Asia: Economy of Southeast Asia is most strongly affected by the European debt crisis The crisis has prevented efforts to go to the regional economy because the EU is the second largest trading partner of ASEAN total trade in goods and services in 2011 reached 206 billion euros (equivalent to U.S $ 350 billion) and head of ASEAN investment totaling up to 230 billion dollars Exports and GDP growth of most economies in the region showed signs of slowing in the first quarter of 2012 when the momentum of growth thanks to the economic stimulus package was launched in 2009, 2010 has expired However, Thailand and the Philippines own growth is still good for special reasons, such as reconstruction demand, recover from historic flooding in Thailand in 2010 And thanks to Philippinesla increase in government spending those months of 2012, the economy grew faster than expected, reaching 6.4% In addition the export sector is where most severely affected, the financial flow will also be frozen Given the fact that Southeast Asia relies heavily on foreign investment flows to growth, so that the developing economies of the world to apply draconian policies will push into the region scarcity of investment Since then, the most complicated causes for the management of macro pressures for exchange rate, interest rates and inflation Besides, the crisis of the euro area has affected European stock markets and currencies worldwide The impact of the crisis in Europe to the United States primarily through financial linkages In the first quarter of 2010, approximately 22% of the profits of U.S companies that have been operating overseas that Europe accounts for a significant part In addition, the difficulties in Europe also affect the stock price of U.S companies The S & P 500 have fallen nearly 10% compared to the end of the month 4/2010 In many developing countries, exports to the EU market bigger than America Therefore, trade issues are particularly concerned with Asia, especially countries more oriented for export According to recent calculations by the IMF, in China, the value of exports and investment to produce exports accounted for 45% of China's GDP For the countries of Central and Eastern Europe, Nordic countries exporting to the EU's development is particularly important For example, the economic growth of Nordic countries (Sweden, Finland, Denmark) is largely dependent on exports, estimated exports accounted for nearly half of Sweden's total output, 40% of Finland and one third of Denmark Many areas heavily affected by the mass corporate bankruptcy as the manufacturing and processing industries, securities and real estate development Sharp Corporation revenue fell 1.5%, down 1.1% Nikon Corporation, Casio company fell 1.2%, the biggest drop TDK Corporation (3.1%) due to reduced production of solar panels by orders from Europe and the United States less really For carmakers, if Toyota were down 1%, the Mazda sales fell more (1.1%) and Nissan biggest decline (1.7%) According to Knight Frank, real estate prices in the world ã down near the "bottom" in the first quarter of 2012 In Brazil it is the highest annual growth, reaching 23.5%, Ireland has lowest growth rate, (in -16.3% growths) Housing prices plunged the most in Africa, while the increase in Asia Pacific fell 2.1% Eurozone impact on the value of shareholders' equity and assets of the companies most affected: Government bond yields of 2-year Greek continued to rise from 3.47% in the 01 months of 2010, up 9.73% times 07 months in 2010 and jumped to 26.65% / year 07 May 2011 The crises then spread to Portugal, Spain and Italy are next in the euro zone France is a country with high risk of falling credit ratings Republic of Cyprus has been pushed to the brink to get the bailout From late 2009, fears of a sovereign debt crisis increased among investors concerning some European countries, this fear increases in early 2010 [1] [2] The national public debt problem in the eurozone members including Greece, Ireland, Italy, Spain and Portugal, and also some non-eurozone European Union Iceland, the country experienced the largest financial crisis in 2008 when the entire international banking system collapsed of it, less affected by the sovereign debt crisis In the EU, especially in countries where public debt rose sharply due to bank bailouts, a crisis of confidence sparked the expansion rate bond spreads and hedging transactions credit default swaps between these countries and other EU members, most importantly Germany [3] [4] On 2/5/2010, the member states and the euro area the International Monetary Fund has approved 110 billion euro loan for Greece, provided that the country must implement the austerity measures harsh On 09/05/2010, the Minister of Finance has approved the European rescue package worth 750 billion euros in order to ensure financial stability in the euro zone, and the Commission set up the European Financial Stability There followed a bailout package worth 85 billion euros for Ireland in November 2010 and 78 billion euros for Portugal in May 2011 The debt crisis has threatened the existence of the euro currency, the financial impact globally, makes the Greek Prime Minister and the Italian Prime Minister to resign The political impact of short term, medium term and long term can affect the performance of the enterprises in Europe and Southeast Asia Eurozone leaders give short-term solution is to apply austerity policies such as public spending, reduced pensions, savings faced disagreements from the British, French and mass demonstrations the place As a result, the unemployment rate is increasing; in 2012 there will be about 202 million unemployed worldwide, up from million last year, the escalating unrest because people not have jobs In addition, the European Central Bank's long-term pumping money into the market to save the Euro crisis with 442.6 billion, equivalent to U.S $ 619 billion, the banking system of the region using the euro ECB hopes will help improve the recovery prospects of the region through the heat down interest rates in the market and enhance the funding of bank credit to the private sector Almost immediately after the capital injection of ECB decision was announced, interest rates on long-term overnight and European markets were quickly dropped In past crises crisis of major European countries like Germany, Britain and France were worst hit and a modest recovery Therefore, it is difficult for the generous Greek rescue If Greece does not reach agreement on the bailout could be required to notify inability to pay debts in a number As such, it may be forced out of the EU, which means the loan will no longer be the European Central Bank (ECB) guarantee The advice for multinational companies to support and build strategy in the Eurozone and Southeast Asia (SEA) The impact of the Eurozone crisis has shown clearly the difficulties and challenges for multinational companies to invest and build strategy development cycles in the euro area in Europe and in South East Asia Is so difficult challenge but also an opportunity for multinational companies to capture and blink opportunity to capture the market Along with the efforts to ensure macroeconomic stability, strengthening financial markets and fiscal tightening to repel the rising debt risk, the developing economies should prepare bad situation while most European crisis beyond control led to the collapse of the Eurozone One of the key measures is to increase internal resources, promote investment and stimulate domestic consumption in the domestic market to offset the shortage of foreign investment, and declining exports Some solutions to the debt deal as: Restructuring debt Equitization of state-owned enterprises Lower interest rates and reduced bank deposits Enhanced export promotion Agreement bilateral currency swaps Promoting economic growth and continued 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http://www.baomoi.com/Ban-chat-cuoc-khung-hoang-o-chau-Au-Chinh-tri-chu-khongphai-tai-chinh/119/7449185.epi http://www.tapchicongsan.org.vn/Home/The-gioi-van-de-su-kien/2012/18033/Ban-chatcua-khung-hoang-no-cong-tai-khu-vuc-dong-oro.aspx http://www.baomoi.com/ECB-bom-tien-vao-he-thong-ngan-hang-cua-khu-vuc-su-dungdong-tien-chung-Euro/126/2941308.epi ... in the European region and Southeast Asia The impact on the business and the industry in Europe: According to the European Commission, the EU economy started sinking into the debt crisis at the. .. billion, the banking system of the region using the euro ECB hopes will help improve the recovery prospects of the region through the heat down interest rates in the market and enhance the funding of. .. currencies worldwide The impact of the crisis in Europe to the United States primarily through financial linkages In the first quarter of 2010, approximately 22% of the profits of U.S companies that