{"id":2736,"date":"2011-07-13T18:36:30","date_gmt":"2011-07-13T15:36:30","guid":{"rendered":"http:\/\/www.bilgeyatirimci.com\/?p=2736"},"modified":"2011-07-13T18:36:39","modified_gmt":"2011-07-13T15:36:39","slug":"icra-operasyonu","status":"publish","type":"post","link":"https:\/\/www.bilgeyatirimci.com\/i\/icra-operasyonu\/","title":{"rendered":"\u0130cra Operasyonu"},"content":{"rendered":"<p>Ekonomileri bat\u0131k durumdaki \u00fclkelerin a\u00e7maz\u0131 b\u00fcy\u00fcyor. \u00d6zellikle vitrindeki \u00fclke Yunanistan adeta pilot b\u00f6lge ilan edildi. Ard\u0131ndan zor duruma d\u00fc\u015fen ve kredi derecelendirme kurulu\u015flar\u0131 taraf\u0131ndan \u2018\u00e7\u00f6p\u2019 ilan edilen \u0130rlanda ve bekleyen \u0130talya, \u0130spanya gibi s\u0131k\u0131nt\u0131lar Avrupa\u2019n\u0131n can\u0131n\u0131 yak\u0131yor.<\/p><div class=\"bilge-yaziust\" style=\"margin-top: 10px;margin-bottom: 10px;\" id=\"bilge-4057909282\"><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>Bu nedenle Avrupa\u2019daki yetkililer bir araya geldi ve a\u011f\u0131rl\u0131kl\u0131 olarak kredi derecelendirme kurulu\u015flar\u0131na at\u0131fta bulunuldu. S\u0131k\u0131nt\u0131ya d\u00fc\u015fen \u00fclkelerin ekonomilerine y\u00f6nelik notland\u0131rma e\u011filimine son verilmesi fikri ortaya \u00e7\u0131kt\u0131. Bunu m\u00fcteakip IMF\u2019den a\u00e7\u0131klama geldi. D\u00fcn ak\u015fam Euronews\u2019in ge\u00e7ti\u011fi habere g\u00f6re IMF, bundan b\u00f6yle \u00fclkelerin resmen iflas a\u00e7\u0131klamalar\u0131n\u0131 beklemeyecek. Tek tarafl\u0131 olarak bir \u00fclkenin iflas\u0131n\u0131 ilan edebilecek. Bu ne demek biliyor musunuz?<\/p>\n<p>Alacakl\u0131lar\u0131n kap\u0131ya dizilip, bor\u00e7 bata\u011f\u0131ndaki \u00fclkeye icra takibi yapt\u0131rmas\u0131 anlam\u0131na gelir. Peki bu bor\u00e7lar hangi ko\u015fullarda tahsil edilecek? \u00d6deme zorlu\u011funa d\u00fc\u015fm\u00fc\u015f bir firman\u0131n iflas dedikodusunda neler olaca\u011f\u0131n\u0131 hayal edin. \u00d6nce bankalar kredilerini geri \u00e7a\u011f\u0131r\u0131r. Alacaklar s\u0131rayla icra ba\u015flat\u0131rlar. \u00c7\u00fcnk\u00fc o saatten sonra ilk ba\u015fvuran \u00f6nceliklidir ve ya\u011fma stratejisi uygulan\u0131r.<\/p>\n<p>\u00dclkeler i\u00e7in de bu durum aynen ge\u00e7erli olacak. Varl\u0131klara el koyma ve \u00f6denemeyen bor\u00e7lar kar\u015f\u0131s\u0131nda, e\u011fer tek tarafl\u0131 iflas ilan edilirse, o \u00fclkenin ger\u00e7ekten kurtar\u0131labilir olmas\u0131n\u0131n \u00f6nemi de kalmayacak. \u00c7\u00fcnk\u00fc alaca\u011f\u0131 olan herkes kap\u0131ya dizilecek.<\/p>\n<p>Bunun sadece o \u00fclkeyle mi s\u0131n\u0131rl\u0131 kalaca\u011f\u0131n\u0131 d\u00fc\u015f\u00fcn\u00fcyorsunuz? Farz edin ki o \u00fclkenin devlet tahvilleri de birilerinde olsun. \u0130flas dendi\u011fi anda, de\u011feri s\u0131f\u0131rlan\u0131r. Hadi \u015fimdi elimizdeki 92 milyar dolar civar\u0131ndaki d\u00f6viz rezervine bir de bu g\u00f6zle bakal\u0131m.<\/p>\n<p>Bu birikim nakit de\u011fil. \u00c7o\u011fu banka ya da devlet tahvillerinde bulunuyor. O zaman ekonominin iyi oldu\u011funu s\u00f6yleyip, d\u00f6viz rezervleriyle \u00f6v\u00fcnenlerin bunu da a\u00e7\u0131klamas\u0131 gerekmiyor mu? Fransa\u2019n\u0131n bile tehlikede oldu\u011fu bir s\u00fcre\u00e7te, T\u00fcrkiye\u2019nin rezervleri i\u00e7inde hangi \u00fclkelerin ne kadar tahvili var?<\/p>\n<p>Kim bilir? Belki de Ali Babacan\u2019\u0131n bug\u00fcn \u00e7\u0131k\u0131p \u2019Avrupa\u2019daki kriz bizi olumsuz etkiler\u2019 demesinin alt\u0131nda bu yat\u0131yordur? Keza di\u011fer alternatif pazar ve ihracat fakt\u00f6rleri a\u00e7\u0131s\u0131ndan de\u011ferlendirilebilir ki, Babacan\u2019\u0131n bunlar\u0131 tehlike olarak g\u00f6rece\u011fini sanm\u0131yorum.<\/p>\n<p>Y\u0131llar\u0131 sair ekonomi y\u00f6netimi e\u011filimi ve performans\u0131na bakt\u0131\u011f\u0131m\u0131zda, bu endi\u015fenin \u00fc\u00e7 temel gerek\u00e7esi olabilir. Birincisi s\u0131cak para ak\u0131\u015f\u0131nda geriye d\u00f6n\u00fck e\u011filim ba\u015flayaca\u011f\u0131ndan ekonominin finansman\u0131 m\u00fcmk\u00fcn olmaz. Yani bir ba\u015fka tabirle borcun s\u00fcrd\u00fcr\u00fclebilirli\u011fi olana\u011f\u0131 ortadan kalkar. \u0130kincisi, rezervlerin i\u00e7inde potansiyel bat\u0131k \u00fclkelere ait, \u00e7ok ciddi oranda tahvil olabilir. Bunlar\u0131n pul haline d\u00f6n\u00fc\u015fmesiyle hesaplar\u0131n alt \u00fcst olma riski belirmi\u015ftir. \u00dc\u00e7\u00fcnc\u00fcs\u00fc ve daha k\u00f6t\u00fcs\u00fc, Say\u0131n Babacan da bu kafa yap\u0131s\u0131yla s\u0131ran\u0131n bize gelece\u011finin fark\u0131ndad\u0131r.<\/p><div class=\"bilge-content-1\" style=\"margin-top: 10px;margin-bottom: 10px;\" id=\"bilge-995895362\"><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>Peki uygulanan metot s\u00fcrpriz midir? Herkesi IMF\u2019nin o d\u00f6nemki ba\u015fkan yard\u0131mc\u0131s\u0131 Anne Krueger\u2019in 2002 senesinde deklare etti\u011fi \u00fclkelere y\u00f6nelik iflas plan\u0131n\u0131n detaylar\u0131n\u0131 incelemeye davet ediyorum. Ne gariptir ki, bug\u00fcnle \u00e7ok \u00f6rt\u00fc\u015f\u00fcyor.<\/p>\n<p><a href=\"mailto:cetinunsalan@yahoo.com\">cetinunsalan@yahoo.com<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ekonomileri bat\u0131k durumdaki \u00fclkelerin a\u00e7maz\u0131 b\u00fcy\u00fcyor. \u00d6zellikle vitrindeki \u00fclke Yunanistan adeta pilot b\u00f6lge ilan edildi. Ard\u0131ndan zor duruma d\u00fc\u015fen ve kredi derecelendirme kurulu\u015flar\u0131 taraf\u0131ndan \u2018\u00e7\u00f6p\u2019&hellip;<\/p>\n","protected":false},"author":5,"featured_media":899,"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-2736","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\/2736","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\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bilgeyatirimci.com\/wp-json\/wp\/v2\/comments?post=2736"}],"version-history":[{"count":0,"href":"https:\/\/www.bilgeyatirimci.com\/wp-json\/wp\/v2\/posts\/2736\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.bilgeyatirimci.com\/wp-json\/wp\/v2\/media\/899"}],"wp:attachment":[{"href":"https:\/\/www.bilgeyatirimci.com\/wp-json\/wp\/v2\/media?parent=2736"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bilgeyatirimci.com\/wp-json\/wp\/v2\/categories?post=2736"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bilgeyatirimci.com\/wp-json\/wp\/v2\/tags?post=2736"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}