Euro krizinde barda\u011f\u0131n bo\u015f taraf\u0131n\u0131n yan\u0131nda dolu taraf\u0131 da var. Son aylarda ortaya konan baz\u0131 \u00e7abalar barda\u011f\u0131n dolu taraf\u0131n\u0131 daha g\u00f6r\u00fcn\u00fcr hale getirdi. Barda\u011f\u0131n dolulu\u011funu art\u0131rd\u0131. D\u00f6rt \u00f6nemli geli\u015fmeden s\u00f6z edebiliriz.
\nAmerikan Merkez Bankas\u0131’n\u0131n Avrupa Merkez Bankas\u0131 (ECB) ile yapt\u0131\u011f\u0131 anla\u015fma \u00e7er\u00e7evesinde Avrupa piyasas\u0131na ak\u0131t\u0131lan dolarlar bankac\u0131l\u0131k sisteminin dolar s\u0131k\u0131nt\u0131s\u0131n\u0131 giderdi. Avrupa’da bankalar aras\u0131nda dolar\u0131n g\u00fcnl\u00fck faizi Amerika’daki d\u00fczeylerine indi. Avrupa’daki hangi bankan\u0131n dolar bor\u00e7lanmas\u0131nda s\u0131k\u0131nt\u0131 \u00e7ekti\u011fi dedikodular\u0131 son buldu.
\nTarih s\u0131ras\u0131na g\u00f6re, ikinci ve \u00fc\u00e7\u00fcnc\u00fc \u00f6nemli geli\u015fme, aral\u0131k ay\u0131 i\u00e7inde yap\u0131lan liderler zirvesinde mali birli\u011fe y\u00f6nelik ad\u0131mlar\u0131n at\u0131lmas\u0131 karar\u0131 ile Yunanistan’\u0131n bor\u00e7lar\u0131n\u0131n g\u00f6n\u00fcll\u00fcl\u00fck esas\u0131na g\u00f6re yeniden yap\u0131land\u0131r\u0131lmas\u0131 i\u00e7in g\u00f6r\u00fc\u015fmelerin ba\u015flamas\u0131 tavsiyesiydi.
\nD\u00f6rd\u00fcnc\u00fc \u00f6nemi geli\u015fme ECB’nin \u00fc\u00e7 y\u0131l vadeli y\u00fczde 1 faiz ile yeni bir bor\u00e7 verme penceresi a\u00e7\u0131p bu kanaldan bankalara 500 milyar Euro’ya yak\u0131n para vermesiydi. ECB’nin bu giri\u015fimi Avrupa bankalar\u0131n\u0131n likidite a\u00e7\u0131s\u0131ndan zor duruma d\u00fc\u015febilece\u011fi olas\u0131l\u0131\u011f\u0131n\u0131 ortadan kald\u0131rd\u0131. G\u00fcven art\u0131r\u0131c\u0131 bir unsur oldu.
\nD\u00f6rt \u00f6nemli geli\u015fmenin ard\u0131ndan, kendi ald\u0131klar\u0131 \u00f6nlemlerin de katk\u0131lar\u0131yla \u0130spanya ve \u0130talya’n\u0131n bor\u00e7lanma faizleri d\u00fc\u015ft\u00fc. \u00c7e\u015fitli anketlerde g\u00fcven endeksleri artt\u0131. Piyasalarda risk i\u015ftah\u0131 artt\u0131. Ge\u00e7en y\u0131l\u0131n son \u00fc\u00e7 ay\u0131nda Almanya’n\u0131n y\u00fczde 3 gibi bir ekonomik b\u00fcy\u00fcme yakalamas\u0131 moralleri d\u00fczeltti. Bunlar\u0131n hepsi barda\u011f\u0131n dolu taraf\u0131yd\u0131.<\/p>