{"id":8960,"date":"2011-12-15T16:23:43","date_gmt":"2011-12-15T13:23:43","guid":{"rendered":"http:\/\/www.bilgeyatirimci.com\/?p=8960"},"modified":"2011-12-15T16:23:52","modified_gmt":"2011-12-15T13:23:52","slug":"euronun-devaluasyonu-gerekli","status":"publish","type":"post","link":"https:\/\/www.bilgeyatirimci.com\/i\/euronun-devaluasyonu-gerekli\/","title":{"rendered":"Euro&#8217;nun Deval\u00fcasyonu Gerekli"},"content":{"rendered":"<p>Avrupa&#8217;da krizi a\u015fma \u00e7abalar\u0131 yoluna girdi. En az\u0131ndan ben b\u00f6yle d\u00fc\u015f\u00fcn\u00fcyorum.<br \/>\nAvrupa&#8217;n\u0131n a\u011f\u0131r i\u015fleyen b\u00fcrokratik sistemi ge\u00e7en hafta liderlerinin ald\u0131\u011f\u0131 kararlar\u0131 yava\u015f yava\u015f sindiriyor. Piyasalar ise i\u015fin hemen \u00e7\u00f6z\u00fclmesini istiyor. \u00c7at\u0131\u015fma da buradan \u00e7\u0131k\u0131yor.<br \/>\nBu \u00e7at\u0131\u015fmada sorunlar\u0131n iyi anla\u015f\u0131lmas\u0131 laz\u0131m ki at\u0131lan ad\u0131mlar da ona g\u00f6re yorumlans\u0131n.<br \/>\nBunlar\u0131n ba\u015f\u0131nda Euro&#8217;nun de\u011feri geliyor. Euro h\u00e2l\u00e2 de\u011ferli bir para. Avrupa&#8217;n\u0131n bu kadar a\u011f\u0131r sorunlar\u0131na kar\u015f\u0131 Euro&#8217;nun neden g\u00fc\u00e7l\u00fc kald\u0131\u011f\u0131n\u0131 aylard\u0131r zaten sorguluyoruz.<br \/>\nLiderlerin son olarak ald\u0131klar\u0131 kararlar\u0131n olumlu sonu\u00e7lar vermesi ve yumu\u015fak ini\u015fin ger\u00e7ekle\u015fmesi kan\u0131mca bu dengesizli\u011fin d\u00fczelmesine ba\u011fl\u0131.<\/p><div class=\"bilge-yaziust\" style=\"margin-top: 10px;margin-bottom: 10px;\" id=\"bilge-483490192\"><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><strong>AVRUPA&#8217;NIN YUMU\u015eAK \u0130N\u0130\u015e KO\u015eULLARI<\/strong><br \/>\nFinancial Times ba\u015fyazar\u0131 Martin Wolf d\u00fcnk\u00fc yaz\u0131s\u0131nda yumu\u015fak ini\u015fin nas\u0131l ger\u00e7ekle\u015febilece\u011fi konusuna de\u011finmi\u015f.<br \/>\nWolf&#8217;a g\u00f6re kriz \u00f6ncesi Avrupa&#8217;da b\u00fct\u00e7e a\u00e7\u0131klar\u0131 makul d\u00fczeydeyken cari i\u015flemler a\u00e7\u0131\u011f\u0131 olduk\u00e7a y\u00fcksekti. Bu bozukluk Almanya ve Hollanda gibi tasarrufu y\u00fcksek \u00fclkelerin, bankac\u0131l\u0131k sistemi arac\u0131l\u0131\u011f\u0131yla tasarrufu az olan \u00fclkeleri finanse etmesiyle \u00e7\u00f6z\u00fcl\u00fcyordu.<br \/>\nKriz bu dengeyi bozdu. Cari a\u00e7\u0131klar\u0131nda bir d\u00fczelme g\u00f6r\u00fclmezken, b\u00fct\u00e7e a\u00e7\u0131klar\u0131 ve kamu bor\u00e7lar\u0131 anormal artan Euro B\u00f6lgesi \u00fclkeleri, bankac\u0131l\u0131k sistemlerinin \u00e7al\u0131\u015fmamas\u0131yla da zor durumda kald\u0131.<\/p>\n<p><strong>\u0130Y\u0130 YOL, K\u00d6T\u00dc YOL<\/strong><br \/>\nMartin Wolf bu dengesizliklerin giderilmesinin biri iyi di\u011feri ise k\u00f6t\u00fc olmak \u00fczere iki yolla ger\u00e7ekle\u015febilece\u011fini s\u00f6yl\u00fcyor.<br \/>\n\u0130yi yol ihracat\u0131n art\u0131r\u0131lmas\u0131ndan ge\u00e7iyor. Deval\u00fce edilecek Euro, bir taraftan bu g\u00f6revi yaparken \u00f6te yandan kamu bor\u00e7lar\u0131n\u0131n de\u011ferini d\u00fc\u015f\u00fcrerek bor\u00e7 y\u00fck\u00fcn\u00fc azaltabilecek.<br \/>\nK\u00f6t\u00fc yol ise mali s\u0131k\u0131la\u015ft\u0131rma ile b\u00fct\u00e7e a\u00e7\u0131klar\u0131n\u0131 d\u00fc\u015f\u00fcrmeyi simgeliyor. Bu durumda \u00fccretler d\u00fc\u015fecek ve Avrupa&#8217;da &#8220;makul&#8221; b\u00fcy\u00fcme g\u00f6rmek uzun y\u0131llar alacak.<br \/>\nGe\u00e7en hafta Paris&#8217;te kat\u0131ld\u0131\u011f\u0131m toplant\u0131da da bu noktalar uzun uzun tart\u0131\u015f\u0131ld\u0131. Genel kan\u0131 Euro&#8217;ya de\u011fer kaybettirerek sorunlar\u0131 daha yumu\u015fak bir bi\u00e7imde \u00e7\u00f6zmek \u00fczerinde yo\u011funla\u015ft\u0131.<br \/>\nKan\u0131mca bu se\u00e7ene\u011fe ABD y\u00f6netimi de ye\u015fil \u0131\u015f\u0131k yak\u0131yor. Kendilerinin aleyhine olmas\u0131na kar\u015f\u0131n krizin yumu\u015fak ini\u015fle \u00e7\u00f6z\u00fcmlenmesi i\u00e7in Euro&#8217;nun de\u011fer kaybetmesine seslerini \u00e7\u0131karmayacaklar.<br \/>\n\u00d6n\u00fcm\u00fczdeki aylarda Euro&#8217;nun dolara kar\u015f\u0131 yava\u015f yava\u015f de\u011fer yitirece\u011fini bekliyorum.<br \/>\nEuro\/dolar paritesini 1.20&#8217;lerde g\u00f6r\u00fcrsek \u015fa\u015f\u0131rmayal\u0131m.<\/p>\n<p><strong>***<\/strong><\/p>\n<p><strong>Zengin \u00fclkeler kriz deneyimlerini dinlemekten b\u0131km\u0131\u015flar<\/strong><\/p>\n<p>Ge\u00e7en hafta Paris&#8217;te kat\u0131ld\u0131\u011f\u0131m toplant\u0131da Brezilya Merkez Bankas\u0131 Ba\u015fkan Yard\u0131mc\u0131s\u0131 kriz deneyimlerini anlatt\u0131.<br \/>\nAsl\u0131nda i\u015fi \u00e7ok basite indirgemi\u015fti. &#8220;E\u011fer&#8221; dedi; &#8220;H\u0131zl\u0131 hareket ederseniz, ald\u0131\u011f\u0131n\u0131z kararlarla birlik ve beraberlik i\u00e7inde oldu\u011funuzu g\u00f6sterirseniz ve piyasalar\u0131n bekleyi\u015flerini a\u015fan \u00f6nlemler al\u0131rsan\u0131z sorunu \u00e7\u00f6zersiniz&#8221;.<br \/>\nKan\u0131mca da \u00e7ok do\u011fru bir yakla\u015f\u0131md\u0131.<br \/>\nDaha sonra ben s\u00f6z istedim. Konu\u015fmaya ba\u015flamadan oturumu y\u00f6neten ba\u015fkan &#8220;Aman, sen de l\u00fctfen T\u00fcrkiye&#8217;nin deneyimlerinden bahsetme&#8221; serzeni\u015finde bulundu.<br \/>\nOysa benim sorum ba\u015fkayd\u0131. Avrupal\u0131lar\u0131n merkez bankalar\u0131nda bulunan 300 milyar dolar tutar\u0131ndaki alt\u0131n rezervlerini krizin a\u015f\u0131lmas\u0131nda neden kullanmad\u0131klar\u0131 sormak istemi\u015ftim. Ve nitekim de bunu sordum.<br \/>\nAma anlad\u0131m ki krize d\u00fc\u015fen zengin \u00fclkeler bizim gibi krizlerle bo\u011fu\u015fmu\u015f \u00fclkelerin deneyimlerini anlatmas\u0131ndan b\u0131km\u0131\u015flar. Onlar da ge\u00e7mi\u015f deneyimleri ve \u00e7\u00f6z\u00fcmleri biliyorlar ama k\u0131s\u0131tlar\u0131 bizlerden farkl\u0131.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Avrupa&#8217;da krizi a\u015fma \u00e7abalar\u0131 yoluna girdi. En az\u0131ndan ben b\u00f6yle d\u00fc\u015f\u00fcn\u00fcyorum. Avrupa&#8217;n\u0131n a\u011f\u0131r i\u015fleyen b\u00fcrokratik sistemi ge\u00e7en hafta liderlerinin ald\u0131\u011f\u0131 kararlar\u0131 yava\u015f yava\u015f sindiriyor. Piyasalar&hellip;<\/p>\n","protected":false},"author":418,"featured_media":5395,"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-8960","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\/8960","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\/418"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bilgeyatirimci.com\/wp-json\/wp\/v2\/comments?post=8960"}],"version-history":[{"count":0,"href":"https:\/\/www.bilgeyatirimci.com\/wp-json\/wp\/v2\/posts\/8960\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.bilgeyatirimci.com\/wp-json\/wp\/v2\/media\/5395"}],"wp:attachment":[{"href":"https:\/\/www.bilgeyatirimci.com\/wp-json\/wp\/v2\/media?parent=8960"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bilgeyatirimci.com\/wp-json\/wp\/v2\/categories?post=8960"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bilgeyatirimci.com\/wp-json\/wp\/v2\/tags?post=8960"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}