{"id":193,"date":"2011-05-13T21:02:56","date_gmt":"2011-05-13T18:02:56","guid":{"rendered":"http:\/\/bilgeyatirimci.net\/?p=193"},"modified":"2011-06-04T19:49:57","modified_gmt":"2011-06-04T16:49:57","slug":"yunan-trasi","status":"publish","type":"post","link":"https:\/\/www.bilgeyatirimci.com\/i\/yunan-trasi\/","title":{"rendered":"Yunan Tra\u015f\u0131"},"content":{"rendered":"<p>K\u00fcresel kriz a\u015f\u0131l\u0131yor. Ama Avrupa&#8217;da i\u015fler hala kar\u0131\u015f\u0131k. K\u00fcresel krizle birlikte \u00f6zellikle Euro b\u00f6lgesindeki \u00fclkelerin \u00e7o\u011funun d\u00f6k\u00fcld\u00fc\u011f\u00fcne tan\u0131k olduk. Bu \u00fclkelerin yap\u0131sal \u00f6zelliklerinin yan\u0131s\u0131ra konjonkt\u00fcre kar\u015f\u0131 zafiyetleri de ciddi sorunlar \u00fcretti.<\/p><div class=\"bilge-yaziust\" style=\"margin-top: 10px;margin-bottom: 10px;\" id=\"bilge-2871205819\"><ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-7495567325667578\"\r\n     data-ad-slot=\"9580705384\"\r\n     data-ad-format=\"rectangle\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n(adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div>\n<p>K\u00fcresel krizin a\u00e7\u0131\u011fa \u00e7\u0131kartt\u0131\u011f\u0131 sorunlar\u0131n ba\u015f\u0131nda y\u0131llard\u0131r a\u00e7\u0131k veren b\u00fct\u00e7elerin biriktirdi\u011fi kamu borcu sorunu geliyor. Bu sorunu en yo\u011fun ya\u015fayan \u00fclke de Yunanistan.<\/p>\n<p>Yunanistan&#8217;da kamu maliyesinin delik de\u015fik oldu\u011fu, a\u00e7\u0131klar\u0131n tavana vurdu\u011fu ve sonu\u00e7ta ortaya dev boyutlu bir bor\u00e7 sorunu \u00e7\u0131kt\u0131\u011f\u0131\u00a0 biliniyor. Yunanistan&#8217;\u0131n bor\u00e7lar\u0131n\u0131 \u00f6deyememesi sonucunda iflas durumuna (default)\u00a0 gelmesini AB ile birlikte IMF&#8217;nin katk\u0131 sa\u011flad\u0131\u011f\u0131 bir kurtarma plan\u0131n\u0131n \u00f6nledi\u011fi de malum.<\/p>\n<p>Yunanistan i\u00e7in sa\u011flanan imkan kendi ba\u015f\u0131na AB i\u00e7inde bir ilki temsil ediyor. Yunan paketinin kendi i\u00e7inde de ta\u015f\u0131d\u0131\u011f\u0131\u00a0 pek \u00e7ok ilk var. \u00d6rne\u011fin, AB&#8217;nin kendi i\u00e7inde do\u011frudan destek ama\u00e7l\u0131 fon yard\u0131m\u0131 yapma noktas\u0131na gelmesi ilk kez oldu. unanistan i\u00e7in haz\u0131rlanan paket \u00e7er\u00e7evesinde AB i\u00e7inde bir IMF m\u00fcdahalesine de ilk kez imkan verildi. AB i\u00e7inde olmas\u0131na ra\u011fmen Yunan paketi tipik &#8220;IMF ko\u015fulsall\u0131\u011f\u0131&#8221; (conditionality) damgas\u0131n\u0131 ta\u015f\u0131yordu. Dolay\u0131s\u0131yla, kemer s\u0131k\u0131lmas\u0131 ve borcun tamam\u0131n\u0131n bor\u00e7lu taraf\u0131ndan \u00f6demesi ilkesi de AB i\u00e7inde ilk kez anla\u015fmaya ba\u011flan\u0131yordu.<\/p>\n<p>Paketin devreye girmesi ile birlikte iki nokta a\u00e7\u0131\u011fa \u00e7\u0131kt\u0131. Yunanistan&#8217;a sa\u011flanan 110 milyar Euro boyutundaki paketin sorunun \u00e7\u00f6z\u00fcm\u00fcne yetmeyece\u011fi, ek kaynaklara ya da ba\u015fka \u00f6nlemlere ihtiya\u00e7 oldu\u011fu anla\u015f\u0131ld\u0131. Bu bir. Yunan halk\u0131n\u0131n IMF dayatt\u0131\u011f\u0131 klasik kemer s\u0131kma \u00f6nlemlerine yana\u015fmad\u0131\u011f\u0131 g\u00f6r\u00fcld\u00fc. Bu da iki.<\/p>\n<p>*\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 *\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 *<\/p>\n<p>Yunan halk\u0131n\u0131n pakete kar\u015f\u0131 g\u00f6sterdi\u011fi tepkileri ilgiyle ve belki biraz da nostaljiyle izledik. Ama esas sorun buradan \u00fcremedi. Paketin yaratt\u0131\u011f\u0131 yetersizlik alg\u0131s\u0131n\u0131n yeni aray\u0131\u015flara yol a\u00e7aca\u011f\u0131 bekleniyordu. Bunun ilk i\u015faretlerini ge\u00e7en hafta g\u00f6rd\u00fck.<\/p>\n<p>\u0130lk i\u015faret biraz da homurtu halinde duyuldu. Yunanistan&#8217;n\u0131n bor\u00e7lar\u0131n\u0131 &#8220;yeniden yap\u0131land\u0131rma&#8221;ya gidece\u011fi s\u00f6yleniyordu. Bundan sonra adeta i\u00e7 i\u00e7e ge\u00e7mi\u015f bir ka\u00e7 geli\u015fme birden oldu. Yunanistan&#8217;\u0131n Euro alan\u0131ndan \u00e7\u0131kart\u0131laca\u011f\u0131 g\u00f6r\u00fc\u015f\u00fc \u00e7\u0131kt\u0131 ortaya. Hemen arkas\u0131ndan, k\u0131smen bu nedenle k\u0131smen de yeniden yap\u0131land\u0131rma olas\u0131l\u0131\u011f\u0131na kar\u015f\u0131, S&amp;P Yunanistan&#8217;\u0131n kredi notunu iki kademe birden d\u00fc\u015f\u00fcrd\u00fc. 10 May\u0131s&#8217;ta da, sanki bunlara hi\u00e7 gerek yok dercesine, Yunanistan paketine 60 milyar euro daha eklemek \u00fczere haz\u0131rl\u0131k yap\u0131ld\u0131\u011f\u0131 duyuruldu. Yunan i\u015fi \u00e7orbaya d\u00f6nd\u00fc.<\/p><div class=\"bilge-content-1\" style=\"margin-top: 10px;margin-bottom: 10px;\" id=\"bilge-935982396\"><ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-7495567325667578\"\r\n     data-ad-slot=\"3167340272\"\r\n     data-ad-format=\"rectangle\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n(adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div>\n<p>Bu \u00e7orbada \u00f6nemli bir nokta var. Yunanistan bor\u00e7lar\u0131n\u0131n yeniden yap\u0131land\u0131r\u0131lmas\u0131n\u0131 istiyor. Bu giri\u015fimin fiilen ger\u00e7ekle\u015fmesi belli sonu\u00e7lar \u00fcretir. Ger\u00e7ekle\u015fmesinin engellenmesinin de yarataca\u011f\u0131 sorunlar vard\u0131r. \u00d6nemi buradan gelmektedir.<\/p>\n<p>Yeniden yap\u0131land\u0131rma bor\u00e7lar\u0131n miktar\u0131n\u0131, \u00f6deme ko\u015fullar\u0131n\u0131, \u00f6deme vadesini yeniden belirlemek demek. Bu genel bir tan\u0131m. Biraz ayr\u0131nt\u0131ya girince i\u015fin asl\u0131 biraz daha iyi anla\u015f\u0131l\u0131yor. D\u00fcz ve yal\u0131n dille\u00a0 ifade edilince yeniden yap\u0131land\u0131rman\u0131n\u00a0 birikmi\u015f bor\u00e7lar\u0131n\u0131n y\u00fck\u00fcn\u00fc tek ba\u015f\u0131na omuzlamak istemeyen bor\u00e7lular\u0131n bor\u00e7 verenlere y\u00f6nelttikleri &#8220;bor\u00e7lar\u0131 payla\u015fal\u0131m&#8221; \u00f6nerisi oldu\u011fu anla\u015f\u0131l\u0131yor. Daha da derinini okursan\u0131z; bor\u00e7lu bor\u00e7 verenlerine bana \u00f6nerilen ko\u015fullarda bu borcun hepsini \u00f6demeyece\u011fim, bir k\u0131sm\u0131n\u0131 da siz \u00fcstlenin diyor.<\/p>\n<p>\u015eimdi Yunanistan&#8217;da olan da bu. IMF patentli program bor\u00e7lar\u0131n tamam\u0131n\u0131n Yunanistan taraf\u0131ndan \u00f6denmesini \u00f6ng\u00f6r\u00fcyordu. \u015eimdi Yunanistan&#8217;\u0131n buna yana\u015fmad\u0131\u011f\u0131, bor\u00e7lar\u0131n bir k\u0131sm\u0131n\u0131n bor\u00e7 verenler taraf\u0131ndan \u00fcstlenilmesini istedi\u011fi anla\u015f\u0131l\u0131yor.<\/p>\n<p>K\u0131sacas\u0131 Yunanistan bor\u00e7lar\u0131n\u0131n bir k\u0131sm\u0131n\u0131n silinmesini, \u00f6demeyi \u00fcstlenece\u011fi bor\u00e7 miktar\u0131n\u0131n azalt\u0131lmas\u0131n\u0131 talep ediyor. Bu t\u00fcr bor\u00e7 silinmesine bizim meslekte sa\u00e7 tra\u015f\u0131 (hair cut) denir. Bor\u00e7lunun borcunu tra\u015f etti\u011fi anlam\u0131 ta\u015f\u0131r ama alt metninde bor\u00e7 verenin de tra\u015f edildi\u011fi gibi bir ima da yatar.<\/p><div class=\"bilge-content-2\" style=\"margin-top: 10px;margin-bottom: 10px;\" id=\"bilge-4099739829\"><ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-7495567325667578\"\r\n     data-ad-slot=\"1818807385\"\r\n     data-ad-format=\"rectangle\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n(adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div>\n<p>Yunanistan&#8217;\u0131n\u00a0 bor\u00e7lar\u0131n\u0131, tabii AB ve IMF&#8217;yi de, tra\u015f edece\u011fi anla\u015f\u0131l\u0131yor. Enseye tokad\u0131 at\u0131p, hay\u0131rl\u0131 tra\u015flar demek geliyor insan\u0131n i\u00e7inden.<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>K\u00fcresel kriz a\u015f\u0131l\u0131yor. Ama Avrupa&#8217;da i\u015fler hala kar\u0131\u015f\u0131k. K\u00fcresel krizle birlikte \u00f6zellikle Euro b\u00f6lgesindeki \u00fclkelerin \u00e7o\u011funun d\u00f6k\u00fcld\u00fc\u011f\u00fcne tan\u0131k olduk. Bu \u00fclkelerin yap\u0131sal \u00f6zelliklerinin yan\u0131s\u0131ra konjonkt\u00fcre&hellip;<\/p>\n","protected":false},"author":15,"featured_media":901,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-193","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-tumyazilar"],"_links":{"self":[{"href":"https:\/\/www.bilgeyatirimci.com\/wp-json\/wp\/v2\/posts\/193","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bilgeyatirimci.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bilgeyatirimci.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bilgeyatirimci.com\/wp-json\/wp\/v2\/users\/15"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bilgeyatirimci.com\/wp-json\/wp\/v2\/comments?post=193"}],"version-history":[{"count":0,"href":"https:\/\/www.bilgeyatirimci.com\/wp-json\/wp\/v2\/posts\/193\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.bilgeyatirimci.com\/wp-json\/wp\/v2\/media\/901"}],"wp:attachment":[{"href":"https:\/\/www.bilgeyatirimci.com\/wp-json\/wp\/v2\/media?parent=193"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bilgeyatirimci.com\/wp-json\/wp\/v2\/categories?post=193"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bilgeyatirimci.com\/wp-json\/wp\/v2\/tags?post=193"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}