La crise actuelle des marches financiers : l’impact au niveau Europeen

The causes of 2007’s financial perturbations and mainly of the subprime crisis are well known at the beginning of 2008. Nevertheless, the specialists pay little attention to capital markets global crisis and to its consequences. In this study, we demonstrate that we are already in the middle of this crisis and that all financial markets, and in particular the European financial markets, have been affected. The impact of the crisis upon European countries is different highlighting the fact that the financial markets integration process is far from being completed. The effects of this crisis on the real economy are less obvious at present at European level, but the economic growth forecasts became pessimistic. The financial crisis consequences in respect of the real economy will depend on the recovery capacity of the United States economy.