Skip to main content

Edicion impresa Norte del 13 de enero de 2012

Page 1

Ďć! (-!+ēŊ Äž ĹŠ } Ä?

, 41 ĔŊ 1!'(

ĹŠÄˆÄŠĹŠ ĹŠ ĹŠÄ‰Ä‡ÄˆÄ‰

§

4% 9ĹŠ5(2(3 ĹŠ"# 1#2("#-3#ĹŠ"#ĹŠ 1;-

-ĹŠ+ 2ĹŠ! ++#2ĹŠ"#ĹŠ 4(3.ĔŊ'4 .ĹŠ, -($#23 !(.-#2ĹŠ ĹŠ$ 5.1ĹŠ8ĹŠ#-ĹŠ !.-31 ēŊ 2ĹŠ!1~3(! 2ĹŠ/.+~3(! 2ĹŠ 4,#-3 1.-ĹŠ 8#1ēŊ ;%(- ĹŠ Ĉ

!4 ".1ĹŠ8ĹŠ .+., ( ĹŠ 1#5(2 -ĹŠ2#%41(" "ĹŠ Ä?

-$1#-3 ".2ĹŠ,(#, 1.2 "#ĹŠ4- ĹŠ 4-3 ĹŠ 11.04( +

.2Ŋ2#(2Ŋ,(+ŊĎććŊ' (3 -3#2Ŋ"#Ŋ ,Ĺ 404~Ŋ#23;-Ŋ Ŋ+ Ŋ#7/#!3 3(5 Ŋ/.1Ŋ+ Ŋ2(34Ĺ !(¢-Ŋ/.+~3(! Ŋ"#Ŋ242Ŋ"(1(%#-3#2ē

BW iWb_ZW h[ifedZ[ W iki lWYW# bW @kdjW FWhhegk_Wb Z[ 7cXkgkÂ&#x2021;" Y_ed[i" ZedZ[ l_W`Â&#x152; feh BWj_de# WcÂ&#x192;h_YW fWhW YWfWY_jWhi[ f_Z[d bW iWb_ZW Z[ 7hcWd# [d j[cWi ^Â&#x2021;Zh_Yei o Z[ h[# Ze <beh[i" ik j_jkbWh$ Feh ĹŠĹŠ Ykhiei dWjkhWb[i" Yed iki kd ikfk[ije WXWdZede Z[b fhef_ei h[Ykhiei$ YWh]e o bW cWbW kj_b_pWY_Â&#x152;d

ĹŠ 2.!( !(¢-ĹŠ"#ĹŠ ;b _dYedl[d_[dj[ YWkiW Z[ kd X_[d fÂ&#x2018;Xb_Ye$

4-3 2ĹŠ cWb[ijWh [ _dgk_[jkZ [djh[ Feh ejhe bWZe" <beh[i 11.04( +#2ĹŠ bei cehWZeh[i Z[b i[Yjeh$ WZc_j[ gk[ iWb_Â&#x152; Z[b fWÂ&#x2021;i 41 +#2ĹŠ"#ĹŠ , 41 ĹŠ1 3(Äą [d eYjkXh[ fWiWZe o h[je# $(!¢Ŋ#+ĹŠ /.8.ĹŠ ĹŠ C[ho 9ed]e" F[Zhe @kb_e" 1, -".ĹŠ +.1#2Ä&#x201C; 7Zh_|d 9|hZ[dWi o <WX_|d ÂĄ Ä&#x201C;ĹŠ 1, -".ĹŠ +.1#2Ä&#x201D;ĹŠ' 1~ ĹŠ"#) ".ĹŠ24ĹŠ! 1%.Ä&#x201D;ĹŠ!4 -".ĹŠ2#ĹŠ31 ,(3 ĹŠ+ ĹŠ 2(%Äą cÂ&#x152; iki WYj_l_ZWZ[i bk[]e" FWbWY_ei f_Z[d bW Z[ij_jk# - !(¢-ĹŠ"#ĹŠÄ&#x2030;Ä&#x2021;Ä&#x2021;ĹŠ,(+ĹŠ"¢+ 1#2ĹŠ/ 1 ĹŠ+ ĹŠ/ 11.04( Ä&#x201C;ĹŠĹŠ .2ĹŠ$.-".2ĹŠ$4#1.-ĹŠ"#2#, .+2 ".2ĹŠ Z[ kd c[i$ FWhW [bbe dej_# Ă&#x2019; YÂ&#x152; Z[b fWhj_YkbWh W bW :[b[]WY_Â&#x152;d Y_Â&#x152;d Z[ 7hcWdZe <beh[i o Z[# /.1ĹŠ#+ĹŠ 4-(!(/(.ĹŠ"#ĹŠ 11 Ä&#x201C; Fhel_dY_Wb ;b[YjehWb o Z[`Â&#x152; W YWh# Ă&#x2019; [dZ[d ik feijkhW [d [b WhjÂ&#x2021;Ykbe Z[dj[ Z[ bWi @kdjWi FWhhegk_Wb[i fWii[ feh c[Z_e Z[b Z_|be]e$ ]e W C[ho 9ed]e" l_Y[fh[i_Z[djW ,- Z[b 9EEJ7:$ 7o[h" IWdj_W]e =Whh_Ze" fh[i_# HkhWb[i f_Z_Â&#x152;" i[ ikf[h[ [b _c# Z[ bW `kdjW$ ;%(- ĹŠ Ä&#x160;

ĹŠÄ&#x203A;ĹŠIed YkWjhe Z_h_][dj[i Z[

-(!(¢Ŋ#+ĹŠ "#2,.-3 )#ĹŠ "#+ĹŠ -3(%4.ĹŠ ! , + ĹŠ ĹŠ Ä&#x2013;ĹŠ ĹŠ

4+!;-Ä&#x2013;ĹŠ 4#%.ĹŠ"#ĹŠÄ&#x2030;Ä?ĹŠ  .2Ä&#x201D;ĹŠ2#ĹŠ"(.ĹŠ(-(!(.ĹŠ!.-ĹŠ#+ĹŠ "#2,.-3 )#ĹŠ"#+ĹŠ -3(%4.ĹŠ ! , +ĹŠ,4-(!(/ +Ä&#x201C;ĹŠ 23#ĹŠ /1.!#2.ĹŠ!.,#-9¢Ŋ#+ĹŠ5(#1Äą -#2ĹŠ/ 2 ".Ä&#x201C;ĹŠ +ĹŠ,.,#-3.ĹŠ 2#ĹŠ"#2 1,¢Ŋ+.2ĹŠ!.11 +#2ĹŠ8ĹŠ 5(% 2ĹŠ,#3;+(! 2ĹŠ,(2,.2ĹŠ 04#ĹŠ2#1;-ĹŠ1# "#!4 " 2ĹŠ / 1 ĹŠ2#1ĹŠ43(+(9 " 2ĹŠ#-ĹŠ#+ĹŠ ! , +ĹŠ"#ĹŠ+ ĹŠ/ 11.04( ĹŠ"#ĹŠ '(! +Ä&#x201C;ĹŠ 1 +#+ ,#-3#ĹŠ ĹŠ #23#ĹŠ/1.!#2.Ä&#x201D;ĹŠ2#ĹŠ(-(!(.ĹŠ+.2ĹŠ $ #- ,(#-3.ĹŠ#-ĹŠ#+ĹŠ-4#5.ĹŠ !#-31.Ä&#x201C;ĹŠ #ĹŠ3(#-#ĹŠ/1#5(23.ĹŠ 04#ĹŠ+.2ĹŠ31 ).2ĹŠ!4+,(-#-ĹŠ #-ĹŠ!4 31.ĹŠ2#, - 2Ä&#x201C;

;%(- ĹŠ Ä&#x2C6;Ä?

)'#- ( ! -Ĺ&#x2039; Ĺ&#x2039;/-) )' -.# ) ĹŠÄ&#x203A;ĹŠKd ef[hWj_le Z[ Yed# jheb h[Wb_pWZe Wo[h" YWi_ i[ iWb[ Z[ bWi cWdei W bWi Wkjeh_ZWZ[i$ Bei Zk[Â&#x2039;ei Z[ beYWb[i Z[ Yec_# ZW i[ ceb[ijWhed Wb h[Y_X_h bW l_i_jW Z[ bWi Wkjeh_ZWZ[i o bei [\[Yj_lei feb_Y_Wb[i$ Ă&#x2020;Iecei fk[Xbe" ZÂ&#x192;`[ddei jhWXW`WhĂ&#x2021;" ]h_jWXWd bei _dj[# ]hWdj[i Z[ bW fh[WieY_WY_Â&#x152;d Z[ h[ijWkhWdj[i Z[ j[hY[hW" YkWhjW o gk_djW YWj[]ehÂ&#x2021;W" Wb l[h W f[hiedWb Z[ bW 7][dY_W Z[ 9edjheb Z[ >_ZheYWhXkhei" gk[ _d]h[iÂ&#x152; W bei beYWb[i Z[ l[djW Z[ Wb_c[djei$ Ik eX`[j_# le [hW YecfheXWh [b kie Z[ ]Wi _dZkijh_Wb$ Bei kd_\ehcWZei Z[Yec_# iWhed jh[i jWdgk[i Z[ ]Wi gk[ [hWd cWb kj_b_pWZei$

;%(- ĹŠ Ä&#x2C6;Ä&#x2021;

&Ĺ&#x2039;, - . Ĺ&#x2039; &Ĺ&#x2039;# )()Ĺ&#x2039; ./& ( Â&#x2DC;) : ĹŠ Ä&#x203A;ĹŠ Bk[]e Z[ '+ c[i[i Z[ bW [nfhef_WY_Â&#x152;d Z[b j[Wjhe B[cWh_[" i[ _d_Y_Â&#x152; Yed [b fhe# Y[ie Z[ bW h[Ykf[hWY_Â&#x152;d fWjh_# ced_Wb$ Bei jhWXW`ei Z[ h[WZ[# YkWY_Â&#x152;d Z[ [ijW eXhW Whgk_# j[YjÂ&#x152;d_YW gk[ ZWjW Z[ '/), _d_Y_Whed bei fh_c[hei ZÂ&#x2021;Wi Z[ [d[he$ ;b fWiWZe cWhj[i o c_Â&#x192;hYeb[i bei eXh[hei ckd_# Y_fWb[i [\[YjkWhed [b fheY[# ie Z[ Z[iWbe`e Z[ [iYecXhei o cWj[h_Wb[i Yece [b YWhh_pe gk[ \k[hed h[j_hWZei Z[b j[# Y^e o ejhei i[Yjeh[i Z[b [Z_# Ă&#x2019; Y_e gk[ i[ [dYedjhWXWd [d cWb [ijWZe$ I[ cWdj[dZh| [b Z_i[Â&#x2039;e Yebed_Wb" W [bbe i[ ik# cWh| [b[c[djei ceZ[hdei fWhW Yed`k]Whbei$ ;b Ckd_Y_f_e Z[ JkbY|d o [b ?dij_jkje DWY_edWb Z[ FW# jh_ced_e 9kbjkhWb ?DF9" i[ [dYk[djhWd Wb \h[dj[ Z[b fhe# Y[ie$

;%(- ĹŠ Ä&#x2C6;Ä?

ÂĄ Ä&#x201C;ĹŠ 23#ĹŠ(!.-.ĹŠ 34+! -#Â .ĹŠ + #1% 1;ĹŠÄ&#x2030;Ä&#x152;Ä&#x17D;ĹŠ/#12.- 2ĹŠ /1.7(, " ,#-3#Ä&#x201C;ĹŠ

ĹŠ

666Ä&#x201C;+ '.1 Ä&#x201C;!.,Ä&#x201C;#!


Ĺ? Ĺ?

Ĺ?

Ä&#x201A;

0%!),+ (! 01. Ä Ä&#x2020;Ĺ?)%*Ä&#x2039;

Ĺ?Ä Ä&#x192;Ĺ? Ĺ? Ĺ?Ä&#x201A;Ä&#x20AC;Ä Ä&#x201A;

Ĺ? +. Ĺ? ÄĄ

ĹŠ ĹŠ ĹŠ ĹŠ ĹŠ

ĹŠ

+ĹŠ/ 1#!#ĹŠ04#ĹŠ+ 2ĹŠ$4#13#2ĹŠ++45( ĹŠ#23;-ĹŠ! " ĹŠ5#9ĹŠ,;2ĹŠ!#1! Ä&#x201C;ĹŠ (ĹŠ/#"(".ĹŠ #2ĹŠ04#ĹŠ+ 2ĹŠ 43.1(" "#2ĹŠ#+ .1#-ĹŠ4-ĹŠ/+ -ĹŠ"#ĹŠ!.-3(-%#-!( Ä&#x201C;ĹŠ -ĹŠ +%Ă&#x152;-ĹŠ ,.,#-3.ĹŠ+#~ĹŠ04#ĹŠ#23 -ĹŠ("#-3($(! " 2ĹŠ+ 2ĹŠ9.- 2ĹŠ"#ĹŠ1(#2%.Ä&#x201D;ĹŠ+.ĹŠ!4 +ĹŠ 04(#1#ĹŠ"#!(1ĹŠ04#ĹŠ3(#-#-ĹŠ3." ĹŠ+ ĹŠ(-$.1, !(¢-ĹŠ!.,.ĹŠ/ 1 ĹŠ/.-#12#ĹŠ ĹŠ 31 ) 1ĹŠ#-ĹŠ !!(.-#2ĹŠ04#ĹŠ,(-(,(!#-ĹŠ#+ĹŠ(,/ !3.ĹŠ"#+ĹŠ3#,/.1 +Ä&#x201C;ĹŠ 4#ĹŠ-.ĹŠ -.2ĹŠ5#-% -ĹŠ!.-ĹŠ+ ĹŠ% 23 " ĹŠ$1 2#ĹŠ04#ĹŠÄĄ- "(#ĹŠ/4#"#ĹŠ!.-31 ĹŠ+ ĹŠ- 341 +#9 ĢÄ&#x201C;ĹŠ # .1#2ĹŠ' 8ĹŠ04#ĹŠ/1#5#-(1ĹŠ8ĹŠ 3#-"#1ĹŠ ĹŠ+.2ĹŠ2#!3.1#2ĹŠ#-ĹŠ1(#2%.2ĹŠ8ĹŠ#2#ĹŠ#2ĹŠ 24ĹŠ31 ).Ä&#x201C;ĹŠ , 1 ĹŠ ¢/#9ĹŠĹŠ 11 ĹŠ

ĹŠ } ĹŠ

Ä&#x201C;ĹŠ .2ĹŠ,.1 ".1#2ĹŠ"#ĹŠ 9 8 ĹŠ #-31.ĹŠ2#ĹŠ,.231 1.-ĹŠ2 3(2$#!'.2ĹŠ/.1ĹŠ+ ĹŠ!.-2314!!(¢-ĹŠ"#+ĹŠ,(-(!4 13#+ĹŠ%#-#1 +Ä&#x201C;ĹŠ

#(# / ,. & -Ĺ&#x2039; Ĺ&#x2039;& Ĺ&#x2039;0#-. ĹŠ ĹŠ ĹŠ

-ĹŠ+ 2ĹŠ! ++#ĹŠ ;-!'#9ĹŠ8ĹŠ ($4#-3#2ĹŠ8ĹŠ #"1.ĹŠ .-! 8.Ä&#x201D;ĹŠ4-ĹŠ! ,(¢-ĹŠ2#ĹŠ/ 1Äą 04# ĹŠ#-ĹŠ#+ĹŠ/ 2.ĹŠ/# 3.- +ĹŠ"#ĹŠ+ ĹŠ! ++#ĹŠ/1.5.! -".ĹŠ!.-%#23(¢-ĹŠ5#'(!4+ 1ĹŠ 8Ä&#x201D;ĹŠ +ĹŠ/# 3¢-Ä&#x201D;ĹŠ(-!.,."(" "ĹŠ +ĹŠ ! ,(- 1Ä&#x201C; Ä&#x2021;ĹŠ .2ĹŠ#-5~ Ä&#x2013;ĹŠ 1+.2ĹŠ # +/#ĹŠĹŠĹŠĹŠĹŠ .-5(_13#3#ĹŠ#-ĹŠ-4#231.ĹŠ 1#/.13#1.Ä&#x201C;ĹŠ -5~ ĹŠ342ĹŠ$.3.2ĹŠ Ä&#x2013;ĹŠ ~ ĹŠ!.11#.ĹŠ#+#!31¢-(!.ĹŠ "3.11#2Äž+ '.1 Ä&#x201C;!.,Ä&#x201C;#!Ä&#x201C;

Ĺ? Ĺ?

ĹŠ/1#%4-3 ĹŠ"#ĹŠ'.8ĹŠ#2Ä&#x2013;ĹŠÄ .104#ĹŠ !1##ĹŠ04#ĹŠ+ 2ĹŠ/#12.- 2ĹŠ)4 (+ " 2ĹŠ #-ĹŠ 23 ".2ĹŠ -(".2Ä&#x201D;ĹŠ/1#$(#1#-ĹŠ 1 "(! 12#ĹŠ#-ĹŠ !4 ".1ĹŠÄ&#x;Ä&#x201C;ĹŠ 2!1( #ĹŠ #-ĹŠ$ !# ..*ĹŠ.ĹŠ36(33#1ĹŠ ĹŠ+ ĹŠ'.1 ĹŠ (, 41 ĹŠ.ĹŠ ĹŠ( 11 Äž+ '.1 Ä&#x201C; !.,Ä&#x201C;#!

ĹŠ/1#%4-3 ĹŠ#-5( " ĹŠ ĹŠ-4#231.2ĹŠ2#%4(".1#2ĹŠ#-ĹŠ 6(33#1ĹŠ8ĹŠ !# ..*ĹŠ 8#1ĹŠ$4#ĹŠÄ 4_ĹŠ./(- ĹŠ2. 1#ĹŠ+.2ĹŠ-4#5.2ĹŠ2#15(!(.2ĹŠ04#ĹŠ/1#2#-3¢Ŋ#+ĹŠ '.2/(3 +ĹŠ"#+ĹŠ Ä&#x;Ä&#x201C;ĹŠ 04~ĹŠ +%4- 2ĹŠ1#2/4#23 2Ä&#x201C;

ĹŠĹŠ #+(!(3 !(.-#2Ä&#x201D;ĹŠ8 ĹŠ#1 ĹŠ'.1 ĹŠ"#ĹŠ04#ĹŠ ĹŠ+.2ĹŠ Ä&#x192;ĹŠ+( ".2ĹŠ2#ĹŠ+#2ĹŠ,#).1#2ĹŠ+ ĹŠ Ĺ&#x2014; 3#-!(¢-Ä&#x201D;ĹŠ 4-04#ĹŠ#2.ĹŠ3." 5~ ĹŠ"#/#-"#ĹŠ"#ĹŠ+.2ĹŠ,_"(!.2ĹŠ8ĹŠ/ 1 ĹŠ#2.ĹŠ $ +3 ĹŠ,4!'.Ä&#x201C;ĹŠ .2ĹŠ#2!1( #Ä&#x2013;ĹŠ .!~.ĹŠ + !(.2ĹŠĹŠĹŠĹŠĹŠ

Ĺ&#x2014;ĹŠĹŠ

.ĹŠ!1#.ĹŠ04#ĹŠ#2 ĹŠ2# ĹŠ+ ĹŠ2.+4!(¢-ĹŠ +ĹŠ, +ĹŠ2#15(!(.ĹŠ04#ĹŠ" -ĹŠ#-ĹŠ#+ĹŠ #%41.Ä&#x201D;ĹŠ/4#"#ĹŠ04#ĹŠ 84"#Ä&#x201D;ĹŠ/#1.ĹŠ2(ĹŠ+.2ĹŠ,_"(!.2ĹŠ8ĹŠ#-$#1,#1 2ĹŠ-.ĹŠ ,#).1 -ĹŠ"#ĹŠ !3(34"Ä&#x201D;ĹŠ-.ĹŠ 84" 1;ĹŠ#-ĹŠ,4!'.Ä&#x201C;ĹŠ .2ĹŠ#2!1( #Ä&#x2013;ĹŠ #1, -( ĹŠ 4 -.ĹŠĹŠ

Ĺ&#x2014;ĹŠĹŠ 4#ĹŠ 4#-.ĹŠ04#ĹŠ2#ĹŠ 3(#-" ĹŠ ĹŠ+.2ĹŠ Ä&#x192;ĹŠ+( ".2Ä&#x201C;ĹŠ '.1 ĹŠ2¢+.ĹŠ$ +3 ĹŠ04#ĹŠ +.2ĹŠ".!3.1#2ĹŠ8ĹŠ#-$#1,#1 2ĹŠ,#).1#-ĹŠ24ĹŠ! 1;!3#1Ä&#x201C;ĹŠ .2ĹŠ#2!1( #Ä&#x2013;ĹŠ 3.ĹŠ 1".ĹŠĹŠĹŠ

ĹŠĹŠ 23;ĹŠ (#-Ä&#x201D;ĹŠ#2ĹŠ4- ĹŠ 4#- ĹŠ. 1 Ä&#x201C;ĹŠĹŠĹŠ Ĺ&#x2014; .2ĹŠ#2!1( #Ä&#x2013;ĹŠ 4+( -ĹŠ Ä&#x201C;ĹŠĹŠĹŠ

ĹŠ#"(Ä&#x192;ĹŠ! !(¢-ĹŠ2#ĹŠ !1# 1;ĹŠ#-ĹŠ/+#-.ĹŠ !.1 9¢-ĹŠ"#ĹŠ 9 8 ĹŠ #-31.Ä&#x201D;ĹŠ#-ĹŠ+ ĹŠ ,.1 ĹŠ8ĹŠ 4(3.Ä&#x201C;ĹŠ

ĹŠÄ&#x203A; ;b XWhh_e 7pWoW 9[djhe"

Z[b YWdjÂ&#x152;d ?XWhhW i[h| kdW Z[ bWi i[Z[i Z[ bei c_d_YkWhj[b[i Yeckd_jWh_ei gk[ [b =eX_[hde DWY_edWb [ij| [`[YkjWdZe$ ;ijW _d_Y_Wj_lW i[ [dcWhYW Z[djhe Z[b fbWd Z[ i[]kh_ZWZ dWY_edWb$ Bei jhWXW`ei _d_Y_Wh|d [b c[i fhÂ&#x152;n_ce$ ;b j[hh[de ZedZ[ i[ [Z_Ă&#x2019; YWh| oW \k[ [djh[]WZe W bW

Z_h[Yj_lW Z[b XWhh_e$ 7b]kdWi Z[ bWi kd_ZWZ[i Z[ Feb_YÂ&#x2021;W 9eckd_jWh_W KF9 gk[# ZWh|d fWhW [b i[hl_Y_e Z[ eĂ&#x2019; Y_dWi [d Wb]kdei i[Yjeh[i$ Ă&#x2020;;b eX`[j_le [i h[\ehpWh bW jWh[W gk[ [`[YkjW# h|d bei c_d_YkWhj[b[i \kdY_edW# b[i [d bWi jh[i pedWi i[]khWi Z[ bW Y_kZWZĂ&#x2021;" WZ[bWdjW LWdjheo @_# cÂ&#x192;d[p" fh[i_Z[dj[ Z[b fefkbeie XWhh_e$ I[]Â&#x2018;d bW [ijhkYjkhW _d_Y_Wb" [d [ijei Z[ijWYWc[djei jhWXW`Wh| bW Feb_YÂ&#x2021;W DWY_edWb o @kZ_Y_Wb" Ck# d_Y_f_e" /''" <_iYWbÂ&#x2021;W" 9k[hfe Z[ 8ecX[hei" DejWhÂ&#x2021;W$ Ă&#x2020;BW _dj[dY_Â&#x152;d [i Xh_dZWh kdW h|f_ZW o efehjkdW _dj[hl[dY_Â&#x152;d Wdj[ YkWbgk_[h ^[Y^e gk[ i[ h[# ]_ijh[ [d bei i_j_ei c|i Y[hYWdei$

I[h|d Y[djhei Z[ WYef_eĂ&#x2021;" [nfb_YW H_YWhZe @khWZe" gk_[d [ij| [`[Yk# jWdZe [b fheo[Yje [d ?XWhhW$ 9WhWdgk_ o [b XWhh_e IWd CWh# jÂ&#x2021;d" W bW WbjkhW Z[ bW 9|hY[b Z[ ?XWhhW" i[h|d ejhei Zei i[Yjeh[i gk[ j[dZh|d bei c_d_YkWhj[b[i$ =[eYedZW 8[dWl_Z[i" Z_h[Y# jehW Z[ FbWd_Ă&#x2019; YWY_Â&#x152;d Z[b Ckd_# Y_f_e" hWj_Ă&#x2019; YÂ&#x152; [b Wfeoe ]kX[hdW# c[djWb$ 7i[]khW gk[ jeZe [ij| b_ije$ FWhW @khWZe" [ijW [i bW c[`eh efehjkd_ZWZ fWhW gk[ feXbWY_Â&#x152;d o Wkjeh_ZWZ[i i[ kdWd YedjhW bW Z[b_dYk[dY_W o YebWXeh[d Yed [ijWi _d_Y_Wj_lWi$ :[ WYk[hZe W be fbWd_Ă&#x2019; YWZe" [b h[Y_dje feb_Y_Wb YeijWhÂ&#x2021;W Y[hYW Z[ *& c_b ZÂ&#x152;bW# h[i$

)&Z'# -Ĺ&#x2039;, ),' -Ĺ&#x2039; &Ĺ&#x2039; Â&#x161; #!)Ĺ&#x2039; Ĺ&#x2039;& Ĺ&#x2039; ') , # Ĺ&#x2039; ;b Fb[de Z[ bW 7iWcXb[W DWY_e# dWb" Yed +/ lejei i[ WbbWdÂ&#x152; W YkW# jhe WhjÂ&#x2021;Ykbei '*" '/" ((" (+ Z[ bei i[_i gk[ YedijWd [d [b l[je fWh# Y_Wb Z[b ;`[Ykj_le$ 7 [ije i[ ikcW bW Gk_djW :_ifei_Y_Â&#x152;d =[d[hWb Z[b fheo[Yje Z[ h[\ehcWi W bW B[o Eh]|d_YW ;b[YjehWb o Z[ Eh]Wd_# pWY_ed[i FebÂ&#x2021;j_YWi e 9Â&#x152;Z_]e Z[ bW :[ceYhWY_W$ 9[bie CWbZedWZe WiWcXb[Â&#x2021;ijW _cXWXkh[Â&#x2039;e F7?I " WĂ&#x2019; hcW gk[ [ij[ Yk[hfe b[]Wb ]W# hWdj_pW kdW `kij_Y_W [b[YjehWb$ I_d [cXWh]e" ik Yeb[]W" HW# c_he J[h|d CF: " ieij_[d[ gk[ [ije [i _dYedij_jkY_edWb" fk[i

Wdj[ bW b[o jeZei ied _]kWb[i o" [ijWi h[\ehcWi fbWdj[Wd kd jhW# jWc_[dje Z_\[h[dY_WZe [d bW Wi_]# dWY_Â&#x152;d Z[ [iYWÂ&#x2039;ei" [d be h[bWY_e# dWZe W WiWcXb[Â&#x2021;ijWi$ I[ h[Ă&#x2019; [h[ Wb WhjÂ&#x2021;Ykbe '/" gk[ i[Â&#x2039;WbW gk[ Ă&#x2020;i[ Z_\[h[dY_Wh| [djh[ WiWcXb[Â&#x2021;ijWi [b[]_Zei [d Y_hYkdi# Yh_fY_Â&#x152;d dWY_edWb o bei [b[]_Zei [d ejhe j_fe Z[ h[fh[i[djWY_Â&#x152;d fhel_dY_Wb" h[]_edWb" c[jhefe# b_jWdW $ FWhW bei h[fh[i[djWdj[i Z[ bW Y_hYkdiYh_fY_Â&#x152;d dWY_edWb i[ Wfb_YWhÂ&#x2021;W [b cÂ&#x192;jeZe Z[ Z_l_ieh[i _cfWh[i$ FWhW bei WiWcXb[Â&#x2021;ijWi [b[]_Zei [d Y_hYkdiYh_fY_ed[i

Ä&#x201C;ĹŠ (#-31 2ĹŠ#+ĹŠ.Ä&#x192;ĹŠ!( +(2,.ĹŠ "#Ä&#x192;ĹŠ#-"#ĹŠ+ 2ĹŠ1#$.1, 2ĹŠ +ĹŠ ¢"(%.ĹŠ "#ĹŠ+ ĹŠ #,.!1 !( Ä&#x201D;ĹŠ+ ĹŠ./.2(!(¢-ĹŠ+.2ĹŠ !4#23(.- Ä&#x201C;ĹŠ

Z_\[h[dj[i W bW dWY_edWb i[ _cfb[# c[djWhÂ&#x2021;W [b cÂ&#x192;jeZe Z[ Z_l_ieh[i Yedj_dkeiĂ&#x2021;$ J[h|d f_[diW gk[ [ie b[ ZW l[djW`W Wb eĂ&#x2019; Y_Wb_ice" fk[i W ik Yh_j[h_e" ]WhWdj_pWhÂ&#x2021;W kdW cWoeh YWdj_ZWZ Z[ [iYWÂ&#x2039;ei fWhW bei YWdZ_ZWjei Z[ F7?I$


4#5 ĹŠ/1./4#23

23#ĹŠÄ&#x2C6;Ä?ĹŠ"#ĹŠ#-#1.Ä&#x201D;ĹŠ ĹŠ+ 2ĹŠÄ&#x2C6;Ä&#x2021;Ä&#x2013;Ä&#x2021;Ä&#x2021;ĹŠ#-ĹŠ+ ĹŠ2 + ĹŠ"#ĹŠ2#2(.-#2ĹŠ"#+ĹŠ 4-(!(/(.ĹŠ"#ĹŠ 11 Ä&#x201D;ĹŠ2#ĹŠ1# +(9 ĹŠ4- ĹŠ14#" ĹŠ"#ĹŠ/1#-2 Ä&#x201D;ĹŠ/ 1 ĹŠ2.!( +(9 1ĹŠ4- ĹŠ/1./4#23 ĹŠ "#ĹŠ 1"#- -9 ĹŠ"#ĹŠ 13(!(/ !(¢-ĹŠ (4" " - ĹŠ8ĹŠ .-31.+Ä&#x201D;ĹŠ ĹŠ! 1%.ĹŠ"#ĹŠ (+" ĹŠ #11#1 Ä&#x201D;ĹŠ!.-!#) +ĹŠ"#ĹŠ 11 Ä&#x201C;ĹŠ ĹŠ!.-5.! 3.1( ĹŠ#2ĹŠ (#13 ĹŠ +ĹŠ/Ă&#x152; +(!.Ä&#x201C;ĹŠ

/(. Ĺ&#x2039; Ĺ&#x2039; ' /+/vĹ&#x2039; , #)( Ĺ&#x2039; 4 31.ĹŠ"(1(%#-3#2ĹŠ/+ -3# -ĹŠ+ ĹŠ2 +(" ĹŠ"#ĹŠ 1, -".ĹŠ +.1#2Ä&#x201D;ĹŠ/1#2("#-3#ĹŠ"#ĹŠ 4-3 ĹŠ 11.04( +ĹŠ"#ĹŠ , 404~Ä&#x201D;ĹŠ/#1.ĹŠ24ĹŠ3(34+ 1ĹŠ /("#ĹŠ#+ĹŠ"(;+.%.Ä&#x201C;ĹŠ ĹŠÄ&#x203A;ĹŠ Bei Z_h[Yj_lei Z[ 7c#

XkgkÂ&#x2021; [ij|d Z_l_Z_Zei$ >Wo gk_[d[i f_Z[d bW Z[ij_jkY_Â&#x152;d Z[ ik fh[i_Z[dj[" 7hcWdZe <beh[i$ Be WYkiWd Z[ WXWdZedWh [b YWh]e [d [b (&''" YkWdZe i[ Z[Ă&#x2019;dÂ&#x2021;W [b FbWd Z[ EhZ[dWc_[dje J[hh_je# h_Wb fWhW bW Wi_]dWY_Â&#x152;d Z[ (&& c_b ZÂ&#x152;bWh[i feh fWhj[ Z[ [b Ck# d_Y_f_e Z[ ?XWhhW$ JWcX_Â&#x192;d feh ikfk[ijW kj_b_pWY_Â&#x152;d Z[ kd X_[d fÂ&#x2018;Xb_Ye$ F[he" <beh[i l_W`Â&#x152; W 9ebecX_W" F[hÂ&#x2018;" 8hWi_b o L[d[pk[bW fWhW YWfWY_jWhi[ [d j[cWi Z[ ^Â&#x2021;Zh_# Yei o h[Ykhiei dWjkhWb[i" [djh[ [b '/ Z[ eYjkXh[ ^WijW [b '/ Z[

del_[cXh[ Z[b (&''$ FWhW [bbe ^_pe kie Z[ iki lWYWY_ed[i$ ?d# Ybkie Z_Y[ gk[ [djh[]Â&#x152; [b YWh]e W C[ho 9ed]e" l_Y[fh[i_Z[djW Z[ bW `kdjW" Yed Wdj[bWY_Â&#x152;d$ Ă&#x2020;J[d]e bei ZeYkc[djei Z[ h[ifWbZe o bW :[b[]WY_Â&#x152;d Fhel_dY_Wb ;b[YjehWb YedeYÂ&#x2021;W [b j[cWĂ&#x2021;" Yec[djW <be# h[i$ 1 +(9 !(¢-

BW hkfjkhW Z[ bei Z_h_][dj[i W\[YjW W bei i[_i c_b +&& ^WX_# jWdj[i Z[ bWi '' Yeckd_ZWZ[i Z[ bW pedW$ ;ije i[ h[Ă&#x201C;[`W [d \WbjW Z[ eXhWi o fheo[Yjei Z[0 [b[Yjh_Ă&#x2019;YW# Y_Â&#x152;d" Y[djhe _dj[hYkbjkhWb" fWhj_#

' ( Ĺ&#x2039; Ĺ&#x2039;/-/ ,#)-Ĺ&#x2039; (Ĺ&#x2039; &Ĺ&#x2039; !#-.,)Ĺ&#x2039; #0#&Ĺ&#x2039; Ĺ&#x2039; ,, Ĺ&#x2039; =kWZWbkf[ IeiW" bb[]Â&#x152; W bWi &-0'+ W bWi _dijWbWY_ed[i Z[b H[]_ijhe 9_l_b [d ?XWhhW" Yed kd c[deh Z[ eY^e WÂ&#x2039;ei Z[ [ZWZ" fWhW eXj[d[h bW YÂ&#x192;# ZkbW Z[ _Z[dj_ZWZ Z[b _d\Wdj[$ ;ij[ jh|c_j[ b[ jecÂ&#x152; Y_dYe ^ehWi$ FWhW i[h Wj[dZ_ZW" W bW ck`[h b[ Z_[hed [b jkhde dÂ&#x2018;c[he '*&$ ;n# jhWeĂ&#x2019;Y_Wbc[dj[ i[ YedeY[ gk[ bei kikWh_ei h[Y_X[d bei jkhdei W bWi &.$&&$ I_d [cXWh]e" bW Z_h[YjehW fhel_dY_Wb" IehWoW C[hW" Z[ic_d# j_Â&#x152; [ijW l[hi_Â&#x152;d$ C_[djhWi gk[ 7dW F[hk]WY^_" [n_][ kdW c[`ehW [d bW Wj[dY_Â&#x152;d Wb fÂ&#x2018;Xb_Ye" Y[hYW Z[ eY^e \kdY_edW# h_ei h[Wb_pWd bei jh|c_j[i$ ;d fhe# c[Z_e i[ Wj_[dZ[ W '+& f[hiedWi gk[ WYkZ[d fWhW eXj[d[h [b ZeYk# c[dje Z[ _Z[dj_ZWZ feh fh_c[hW l[p$ .3(5.2

Bei Z_h[Yj_lei f_Z[d W bW Y_kZWZW# dÂ&#x2021;W gk[ WYkZWd W bWi Z[f[dZ[d# Y_Wi [d EjWlWbe" 7djed_e 7dj[ o 9ejWYWY^_$ BW Wj[dY_Â&#x152;d Wb fÂ&#x2018;Xb_# Ye i[ h[Wb_pW [d Zei |h[Wi" fWhW gk_[d[i eXj_[d[d bW YÂ&#x192;ZkbW feh fh_c[hW l[p o fWhW h[delWY_Â&#x152;d$ 7

Ä&#x201C;ĹŠ .2ĹŠ424 1(.2ĹŠ/("#-ĹŠ ĹŠ+ 2ĹŠ 43.1(" "#2ĹŠ %(+(" "ĹŠ#-ĹŠ+.2ĹŠ31;,(3#2Ä&#x201C;ĹŠ

1% 2ĹŠÄ&#x192;+ 2ĹŠ2#ĹŠ. 2#15 -ĹŠ#-ĹŠ#+ĹŠ+.! +ĹŠ 4 (! ".ĹŠ#-ĹŠ+ ĹŠ! ++#ĹŠ #+ 2!.ĹŠ8ĹŠ ;-!'#9ĹŠ 8ĹŠ ($4#-3#2Ä&#x201C;

[ije i[ ikcW" bW Wf[hjkhW Z[ jh[i l[djWd_bbWi Wdj[ bW Z[cWdZW Z[ kikWh_ei$ Feh bWi YedZ_Y_ed[i Yb_cWjebÂ&#x152;# ]_YWi" bW _dij_jkY_Â&#x152;d WXh[ iki fk[h# jWi W bWi &-0&&$ BW h[delWY_Â&#x152;d Z[b ZeYkc[dje j_[d[ kd Yeije Z[ '& ZÂ&#x152;bWh[i o [b Zkfb_YWZe '+ ZÂ&#x152;bWh[i$ 7b cec[dje" [n_ij[ kdW YWc# fWÂ&#x2039;W Z[ ieY_Wb_pWY_Â&#x152;d" ieXh[ bW kj_b_pWY_Â&#x152;d Z[ bW YÂ&#x192;ZkbW Wdj_]kW" bW YkWb [ijWh| l_][dj[ ^WijW bW \[Y^W Z[ ck[hj[" [ije i[ _dZ_YW [d [b h[# l[hie Z[b ZeYkc[dje" Z_`e C[hW$

.-5.! 3.1( ĹŠ"#ĹŠ+ ĹŠ

Ĺ&#x2039; (#0 ,-# Ĺ&#x2039; Z (# Ĺ&#x2039; &Ĺ&#x2039; ),. Ĺ&#x2039;3Ĺ&#x2039;& Ĺ&#x2039; (#0 ,-# Ĺ&#x2039; Ĺ&#x2039; /*" ( Ĺ&#x2039; Ĺ&#x2039;

/( /,!Ĺ&#x2039;Ģ & ' (# ÄŁÄ&#x2026;Ĺ&#x2039; )(0) (Ĺ&#x2039; Ĺ&#x2039;/( Ĺ&#x2039; Ĺ&#x2039; Ĺ&#x2039;#(. , ' #)Ĺ&#x2039;* , Ĺ&#x2039; -./ # (. -Ĺ&#x2039; Ĺ&#x2039;*, !, )Ĺ&#x2039;3Ĺ&#x2039;*)-.!, )Ä&#x2026;Ĺ&#x2039; )(Ĺ&#x2039;#(. ,Z-Ĺ&#x2039; (Ĺ&#x2039; - ,,)&&)Ĺ&#x2039; -/-. (. & Ä&#x2026;Ĺ&#x2039;" -. Ĺ&#x2039; Ĺ&#x2039;- #-Ĺ&#x2039;' - -Ĺ&#x2039; Ĺ&#x2039;#(0 -.#! #Â&#x161;(Ä&#x201E;Ĺ&#x2039; (Ĺ&#x2039; &Ĺ&#x2039;' , )Ĺ&#x2039; &Ĺ&#x2039; )(0 (#)Ĺ&#x2039; Ĺ&#x2039; ))* , #Â&#x161;(Ĺ&#x2039; (., Ĺ&#x2039;& -Ĺ&#x2039; )-Ĺ&#x2039;#(-.#./ #)( -Ä&#x201E;Ĺ&#x2039;

Ĺ? Ä Ä&#x192;Ĺ? Ĺ? Ĺ?Ä&#x201A;Ä&#x20AC;Ä Ä&#x201A;

Ĺ? +. Ĺ? ÄĄ

Ä&#x192;

ĹŠĹŠ

1, -".ĹŠ +.1#2ĹŠ 1#3.,¢Ŋ242ĹŠ !3(5(" "#2ĹŠ#+ĹŠ / 2 ".ĹŠÄ&#x2030;Ä&#x2C6;ĹŠ"#ĹŠ -.5(#, 1#Ä&#x201C;ĹŠ ("#-ĹŠ+ ĹŠ"#23(Äą 34!(¢-ĹŠ"#+ĹŠ! 1%.ĹŠ "#ĹŠ !4#1".ĹŠ +ĹŠ 13~!4+.ĹŠÄ?Ä?ĹŠ"#+ĹŠ Ä&#x201C;ĹŠ

5#-3.ĹŠ-.!341-.ĹŠ

Ĺ&#x2014;ĹŠ ĹŠ>eo W bWi '/0)& [d bWi _dijWbWY_ed[i Z[ bW 9|cWhW Ä&#x201C;ĹŠ 1, -".ĹŠ +.1#2Ä&#x201D;ĹŠ/("#ĹŠ ĹŠ+ ĹŠ./.2(!(¢-ĹŠ04#ĹŠ2#ĹŠ24/#1#ĹŠ#+ĹŠ(,/ 22#Ä&#x201D;ĹŠ!.-ĹŠ4-ĹŠ !#1! ,(#-3.ĹŠ/ 1 ĹŠ#+ĹŠ"(;+.%.ĹŠ#-ĹŠ+.2ĹŠ/1¢7(,.2ĹŠ"~ 2Ä&#x201C;ĹŠ

Y_fWY_Â&#x152;d [ _dYbki_Â&#x152;d$ JeZe [i feh bei _cfWii[i Yed bei Z_h[Yj_lei" i[Â&#x2039;WbW <beh[i$ 7cXkgkÂ&#x2021; Yk[djW Yed kd fh[ikfk[ije Z[ Wbh[Z[# Zeh Z[ *&& c_b ZÂ&#x152;bWh[i fWhW [ij[ WÂ&#x2039;e$ F[Zhe @kb_e" leYWb Z[ bW @kdjW FWhhegk_Wb" WĂ&#x2019;hcW gk[ [b fbWd# j[Wc_[dje i[ XWiW [d [b WXWdZe# de Z[b YWh]e" YkWdZe bei Z_h[Y# j_lei jhWXW`WXWd [d fheo[Yjei fWhW bW Wi_]dWY_Â&#x152;d Z[ (&& c_b ZÂ&#x152;bWh[i$ Bei \edZei h[ifedZ[d Wb fh[ikfk[ije fWhj_Y_fWj_le W YWh]e Z[ bW Ckd_Y_fWb_ZWZ" o feh [b kie Z[ kdW cejeY_Yb[jW" kd X_[d fÂ&#x2018;Xb_Ye$ ;b f[Z_Ze Z[ Z[ij_jkY_Â&#x152;d Z[ 7hcWdZe <beh[i" Yece Fh[i_# Z[dj[ Z[ bW @kdjW FWhhegk_Wb Z[ 7cXkgkÂ&#x2021;" bb[]Â&#x152; Wo[h ^WijW bW :[b[]WY_Â&#x152;d Fhel_dY_Wb ;b[YjehWb"

#"(".Ŋ"#Ŋ"#23(34!(¢-Ŋ .! +#2Ŋ Ŋ$ 5.1Ŋ #18Ŋ .-%.Ŋ #"1.Ŋ 4+(.

"1(;-ĹŠ ;1"#- 2 (;-ĹŠ + !(.2ĹŠ

Z_`e F[Zhe @kb_e$ .2( +#2ĹŠ2.+4!(.-#2ĹŠ

Ă&#x2020;;ij[ Z[i[gk_b_Xh_e febÂ&#x2021;j_Ye [n_i# j[dj[ Z[X[ i[h ikf[hWZe Yed [b Z_|be]eĂ&#x2021;" Ă&#x2019;dWb_pÂ&#x152; <beh[i$ C_[d# jhWi gk[ IWdj_W]e =Whh_Ze" fh[# i_Z[dj[ Z[b 9ediehY_e Z[ @kdjWi FWhhegk_Wb[i HkhWb[i Z[ ?cXW# XkhW" f_Z[ kd WY[hYWc_[dje [d# jh[ bWi fWhj[i fWhW ikf[hWh bei _dYedl[d_[dj[i gk[ W\[YjWd W bei ^WX_jWdj[i Z[ 7cXkgkÂ&#x2021;$

/#1 3(5.2ĹŠ#-ĹŠ 1#2

Ĺ&#x2014;ĹŠ ĹŠBW ?dj[dZ[dY_W Z[ Feb_# YÂ&#x2021;W Z[ ?cXWXkhW" fbWd_Ă&#x2019;YW

ef[hWj_lei Z[ Y_[hh[ Z[ XWhh[i o Yedjheb Z[ ^ehWh_ei W b_Yeh[hÂ&#x2021;Wi" [ij[ Ă&#x2019;d Z[ i[cW# dW" fWhW ^WY[h Ykcfb_h bW b[o$ I_d [cXWh]e" bei Yedjheb[i ied f[hcWd[dj[i [d bei i[_i YWdjed[i Z[ ?cXWXkhW$ BW Y_kZWZWdÂ&#x2021;W fk[Z[ fh[i[djWh ik Z[dkdY_W ieXh[ Wb]kdW _hh[]kbWh_ZWZ [d bW Z[f[d# Z[dY_W" kX_YWZW [d bW =eX[h# dWY_Â&#x152;d Z[ ?cXWXkhW$

)), #( (Ĺ&#x2039; .#0# -Ĺ&#x2039; 3Ĺ&#x2039; )(0 (#)-Ĺ&#x2039; ;d \[Xh[he fhÂ&#x152;n_ce i[ h[Wb_# pWh| bW h[dZ_Y_Â&#x152;d Z[ Yk[djWi Z[ bei Z_h[Yj_lei Z[ bW :_h[Y# Y_Â&#x152;d Fhel_dY_Wb Z[ ;ZkYWY_Â&#x152;d$ Kde Z[ bei Wif[Yjei h[b[lWdj[i [i [b j[cW Z[ Y[he Ye_cWi [d bW _dij_jkY_Â&#x152;d o bW jhWifWh[dY_W [d bW ][ij_Â&#x152;d" Z_`e Ă&#x203A;d][b 9Wi# j_bbe" Z_h[Yjeh fhel_dY_Wb$ Kde Z[ bei eX`[j_lei" [i c[`ehWh bW YWb_ZWZ Z[ bW [Zk# YWY_Â&#x152;d [d XWi[ W bei h[gk[# h_c_[djei$ ;d bei fhÂ&#x152;n_cei ZÂ&#x2021;Wi i[ fh[i[djWh| kd fheo[Y# je Z_h_]_Ze Wb C_d_ij[h_e Z[ ;ZkYWY_Â&#x152;d$ Ik Yedj[d_Ze XkiYW _cfkb# iWh [b Whj[ [d fbWdj[b[i [ZkYW# j_lei Z[ bW fhel_dY_W$ 7b cec[dje i[ ][ij_edW bW l_i_jW Z[ ;k][d_[ @WXi" [i# f[Y_Wb_ijW [d f[ZW]e]Â&#x2021;W$ FWhW Z_YjWh kd jWbb[h W bei cW[i# jhei _cXWXkh[Â&#x2039;ei$ JWcX_Â&#x192;d i[ YeehZ_dW _dj[hYWcX_ei Z[ ZeY[dj[i o [ijkZ_Wdj[i W ;i# jWZei Kd_Zei$ FWhW [ij[ WÂ&#x2039;e bW _dij_jkY_Â&#x152;d Yk[djW Yed )'

Z[ 9ec[hY_e Z[ ?XWhhW i[ h[Wb_pWh| bW ]hWZkWY_Â&#x152;d Z[ bW gk_djW fheceY_Â&#x152;d Z[ ceZ[bei Z[ bW ;iYk[bW : ; JEFI CeZ[bi$ Bei Z_h[Y# j_lei WZc_j[d gk[ kde Z[ bei eX`[j_lei [i _cfkbiWh [b jkh_ice [d bW fhel_dY_W o [b fWÂ&#x2021;i Yed bW [`[YkY_Â&#x152;d Z[ iki fheo[Yjei$ BW _dl_jWY_Â&#x152;d [i WX_[hjW Wb fÂ&#x2018;Xb_Ye$

!3(5(" "ĹŠ #-ĹŠ+ ĹŠ Äą

Ĺ&#x2014;ĹŠĹŠ

Ä&#x201C;ĹŠ -ĹŠ#+ĹŠÄ&#x2030;Ä&#x2021;Ä&#x2C6;Ä&#x2030;ĹŠ+.2ĹŠ"(1#!3(5.2ĹŠ /+ -(Ä&#x192;! -ĹŠ,#).1 1ĹŠ+ ĹŠ! +(" "ĹŠ"#ĹŠ #"4! !(¢-ĹŠ!.-ĹŠ(-5#12(.-#2Ä&#x201C;ĹŠ

c_bbed[i Z[ ZÂ&#x152;bWh[i o XkiYWd _dYh[c[djWh [b fh[ikfk[ije" Yed Wkje][ij_Â&#x152;d o Wfeoe Z[ eh]Wd_icei de ]kX[hdWc[d# jWb[i$

>eo" _d_Y_W [b I[c_dWh_e Z[ Fhe]hWcWY_Â&#x152;d D[khe# b_d]Â&#x201D;Â&#x2021;ij_YW W bWi '-0)&$ ;ijW WYj_l_ZWZ YedYbko[ cWÂ&#x2039;WdW$ BW eh]Wd_pWY_Â&#x152;d [ijW W YWh]e Z[ bW Kd_ZWZ Z[ I[hl_Y_ei ;cfh[iWh_Wb[i Z[ bW Kd_# l[hi_ZWZ 9WjÂ&#x152;b_YW Z[ ?XWhhW" o j[dZh| bk]Wh [d bW iWbW Z[b 9edi[`e :_h[Yj_le Z[ bW _dij_jkY_Â&#x152;d$ Ik ceZ[hWZeh [b [nf[hje" ;Z]Wh HÂ&#x2021;ei$


Ä&#x2026;

Ĺ? Ä Ä&#x192;Ĺ? Ĺ? Ĺ?Ä&#x201A;Ä&#x20AC;Ä Ä&#x201A;

Ĺ? +. Ĺ? ÄĄ

Ä&#x17D;Ä&#x2021;Ä&#x2021;ĹŠ

ĹŠĹŠ

ĹŠ "#ĹŠ 241 ĹŠ/1.Äą "4!#ĹŠ#+ĹŠ! -3¢-ĹŠ 11 ĹŠ"( 1( Äą ,#-3#Ä&#x201C;ĹŠ

.2ĹŠ"(2# .2ĹŠ$(- Äą +#2ĹŠ"#ĹŠ+ ĹŠ/+ -3 ĹŠ !.23 1~ -ĹŠ#-31#ĹŠ Ä&#x152;Ä&#x2021;Ä&#x2021;ĹŠ8ĹŠÄ&#x17D;Ä&#x2021;Ä&#x2021;ĹŠ,(+ĹŠ "¢+ 1#2ĹŠ/ 1 ĹŠ+ ĹŠ , -!.,4-(" "Ä&#x201C;ĹŠ +ĹŠ (-(23#1(.ĹŠ"#+ĹŠ , (#-3#ĹŠ3 ,Äą (_-ĹŠ#23;ĹŠ(-3#1#Äą 2 ".ĹŠ#-ĹŠ#+ĹŠ/+ -Ä&#x201C;

~34+.ĹŠ,(-43#1.

Ĺ&#x2014;ĹŠ ĹŠĹŠ>eo" bW Kd_ZWZ CÂ&#x192;Z_YW CÂ&#x152;l_b" bWXehWjeh_ei HeYdWh\

o [b 9k[hfe Z[ 8ecX[hei Z[ ?XWhhW" h[Wb_pWh|d bW _dWk# ]khWY_Â&#x152;d o hk[ZW Z[ fh[diW ieXh[ bWi `ehdWZWi cÂ&#x192;Z_YWi gk[ i[ bb[lWh|d W YWXe [d [d[he" \[Xh[he o cWhpe [d bWi Z_\[h[dj[i [ijWY_ed[i Z[ XecX[hei Z[ dk[ijhW Y_k# ZWZ$ ;b [l[dje i[ h[Wb_pWh| W bWi '&0)& [d bW [ijWY_Â&#x152;d Z[ 8ecX[he Z[ iWdje :ec_d]e$

ÂĄ Ä&#x201C;ĹŠ +ĹŠ .-!#).ĹŠ 4-(!(/ +ĹŠ"#2(%-¢Ŋ 8#1ĹŠ +ĹŠ-4#5.ĹŠ1#/1#2#-3 -3#ĹŠ"#ĹŠ+ ĹŠ#,/1#2 ĹŠ/Ă&#x152; +(! ĹŠ"#ĹŠ1#2("4.2ĹŠ2¢+(".2Ä&#x201C;ĹŠĹŠ

-./ #)Ĺ&#x2039;*,)*)( Ĺ&#x2039;#(-. & ,Ĺ&#x2039; *& (. Ĺ&#x2039; Ĺ&#x2039; & .,# # Ĺ&#x2039;3Ĺ&#x2039; +ĹŠ (-(23#1(.ĹŠ"#ĹŠ +#!31(!(" "ĹŠ8ĹŠ -#1%~ ĹŠ #-.5 +#Ä&#x201D;ĹŠ - +(9¢Ŋ#+ĹŠ/+ -ĹŠ/ 1 ĹŠĹŠ+ ĹŠ(-Äą 23 + !(¢-ĹŠ"#ĹŠ4- ĹŠ/+ -3 ĹŠ"#ĹŠ1#2("4.2ĹŠ 2¢+(".2ĹŠ#-ĹŠ , 41 Ä&#x201C;ĹŠ ĹŠÄ&#x203A;ĹŠ Bei h[ikbjWZei Z[b fhe#

!3(5(" "Ŋ#!.+¢%(! ŊŊ

Ĺ&#x2014;ĹŠ ĹŠĹŠBW Kd_ZWZ ;ZkYWj_lW FWhj_YkbWh B_Y[e 7ZkWd[he"

W jhWlÂ&#x192;i Z[b |h[W Z[ 9_[dY_Wi DWjkhWb[i" Z[iWhhebbWh| ^eo bW i_[cXhW Z[ jecWj[ h_Â&#x2039;Â&#x152;d [d [b _dl[hdWZ[he Z[ bW _dij_jkY_Â&#x152;d$ Bei Wbkcdei i[cXhWh|d '.& fbWdjWi Yece fWhj[ Z[ bW WYj_l_ZWZ WYWZÂ&#x192;c_YW gk[ h[Wb_pWd bei [ijkZ_Wdj[i$ 7 \kjkhe i[ i[cXhWh|d ^ehjWb_pWi o l[hZkhWi$

#-4-!( -Ŋ (-3#15#-!(¢-Ŋ"#Ŋ 3#11#-.2Ŋ

Ĺ&#x2014;ĹŠ ĹŠĹŠ7o[h" h[fh[i[djWdj[i Z[b 8Whh_e bei Ieb[i Z[ IWd

7djed_e Z[ ?XWhhW" bb[]Whed ^WijW bW iWbW Z[ i[i_ed[i Z[b 9edY[`e Ckd_Y_fWb$ ;b eX`[j_le [i Z[dkdY_Wh Wb fh[i_Z[dj[ Z[b XWhh_e" Bk_i H_l[hW" fehgk[ i[ [dYk[djhW _dj[hl_d_[dZe [d iki j[hh[# dei$ :ebeh[i OW]kWY^_" fhe# f_[jWh_W Z[ kd j[hh[de" f_Z_Â&#x152;

Ä&#x2C6;Ä&#x160;Ä&#x2021;ĹŠ

ĹŠ "#ĹŠ 241 ĹŠ(1~ ĹŠ ĹŠ + ĹŠ/+ -3 ĹŠ"#ĹŠ+ ĹŠ -!.,4-(" "ĹŠ "#ĹŠ+ ĹŠ/1.5(-!( Ä&#x201C;ĹŠ

o[Yje fh[i[djWZe [d [b (&'&" Whhe`Whed bei fh_c[hei h[ikbjW# Zei$ I[ jhWjW Z[ kd [ijkZ_e Z[ \WY# j_X_b_ZWZ Yed h[Yec[dZWY_ed[i o ik][h[dY_Wi fWhW bei YkWjhe ck# d_Y_f_ei gk[ \ehcWd fWhj[ Z[ bW cWdYeckd_ZWZ 7djed_e 7dj[" 9ejWYWY^_" EjWlWbe [ ?XWhhW $ 7o[h" [b fb[de Z[b 9edi[`e Ckd_# Y_fWb Z[i_]dÂ&#x152; Z[ \ehcW kd|d_c[ W EiYWh 9W_Y[Ze Yece Z[b[]WZe Z[ bW ;cfh[iW FÂ&#x2018;Xb_YW fWhW [b jhWjWc_[dje" Wfhel[Y^Wc_[dje o Z_ifei_Y_Â&#x152;d Ă&#x2019;dWb Z[ bei Z[i[Y^ei iÂ&#x152;b_Zei$ @eh][ CWhjÂ&#x2021;d[p" WbYWbZ[ Z[ ?XWhhW" Z_`e gk[ bW [ijhkYjkhW Z[ bW fbWdjW j[dZh| Â&#x192;n_je fehgk[ [b lebkc[d gk[ fheZkY[ [b YWdjÂ&#x152;"

fWhWZÂ&#x152;`_YWc[dj[ [i Z[b *+ Z[ bW fheZkYY_Â&#x152;d Z[ bei Z[i[Y^ei Z[ bW fhel_dY_W$ ?dZ_YÂ&#x152; gk[ [b [ijkZ_e Z[j[hc_dÂ&#x152; bW \ki_Â&#x152;d Z[ bei YkWjhe YWX_bZei o i[]Â&#x2018;d [b Wd|b_i_i bW _dl[hi_Â&#x152;d ieXh[fWiW# hÂ&#x2021;W bei eY^e c_bbed[i Z[ ZÂ&#x152;bWh[i" Wkdgk[ [b cedje de [ij| Z[Ă&#x2019;d_# Ze$ Ă&#x2020;BW fbWdjW fheZkY_hÂ&#x2021;W Zei [b[c[djei Ă&#x2019;dWb[i1 [b kde gk[ [i bW ][d[hWY_Â&#x152;d Z[ Zei c[]WlWj_ei Z[ [d[h]Â&#x2021;W o bW fheZkYY_Â&#x152;d Z[ kd i_ij[cW Z[ WXedei bÂ&#x2021;gk_Zei o iÂ&#x152;# b_ZeiĂ&#x2021;" cWd_\[ijÂ&#x152;$ BW kX_YWY_Â&#x152;d gk[ Z[j[hc_dÂ&#x152; [b [ijkZ_e [ij| [djh[ bei YWdjed[i 7djed_e 7dj[ o EjWlWbe" [if[YÂ&#x2021;# Ă&#x2019;YWc[dj[ [d [b i[Yjeh Z[ ?bkc|d" f[he WÂ&#x2018;d de i[ YedYh[jWd bWi Yedl[hiWY_ed[i Yed bei ejhei jh[i

Ä&#x201C;ĹŠ .2ĹŠ-( .2ĹŠ8ĹŠ-( 2ĹŠ1#!( (#1.-ĹŠ242ĹŠ+#-3#2ĹŠ/.1ĹŠ/ 13#ĹŠ"#ĹŠ+.2ĹŠ"(1#!3.1#2ĹŠ"#ĹŠ + 2ĹŠ"(1#!!(.-#2ĹŠ/1.5(-!( +#2ĹŠ"#ĹŠ +4"ĹŠ8ĹŠ "4! !(¢-Ä&#x201C;ĹŠ

(., ! ,)(Ĺ&#x2039;& (. -Ĺ&#x2039; Ĺ&#x2039;* ,-)( -Ĺ&#x2039; Ĺ&#x2039; $)-Ĺ&#x2039;, /,-)-Ĺ&#x2039; )(Â&#x161;'# )7o[h" bW :_h[YY_Â&#x152;d Z[ IWbkZ o ;ZkYWY_Â&#x152;d Z[ ?cXWXkhW" [djh[# ]Whed b[dj[i W '*. d_Â&#x2039;ei o d_Â&#x2039;Wi Z[ bei i[Yjeh[i hkhWb[i$ ;b fhe# ]hWcW \ehcW fWhj[ Z[ bW YWc# fWÂ&#x2039;W l_ikWb Z[dec_dWZW FbWd

L_i_Â&#x152;d Z[b C_d_ij[h_e Z[ IWbkZ FÂ&#x2018;Xb_YW Z[b ;YkWZeh$ Ok B_d] H[WiYei" Z_h[YjehW Z[ iWbkZ Z[ ?cXWXkhW" Z_`e gk[ i[ h[Wb_pWhed c_b Zei h[l_i_ed[i fWhW [lWbkWh bW W]kZ[pW l_ikWb Z[ bei [ijk#

#ĹŠ - +(9 -ĹŠ +3#1- 3(5 2 Ĺ&#x2014;ĹŠĹŠ (+,#1ĹŠ . " Ä&#x201D;ĹŠ!.-!#) +ĹŠ"#ĹŠ 11 Ä&#x201D;ĹŠ1#!.,#-"¢Ŋ +ĹŠ"(1#!3.1(.ĹŠ

04#ĹŠ/1(,#1.ĹŠ2#ĹŠ"# #ĹŠ"#+(-# 1ĹŠ4- ĹŠ +~-# ĹŠ"#ĹŠ !!(¢-ĹŠ8ĹŠ/1."4!!(¢-ĹŠ04#ĹŠ 5 ĹŠ ĹŠ3#-#1ĹŠ+ ĹŠ/+ -3 ĹŠ/1.!#2 ".1 ĹŠ "#ĹŠ"#2#!'.2Ä&#x201C;ĹŠÄĄ .ĹŠ$4-" ,#-3 +ĹŠ#2ĹŠ 42! 1ĹŠ4- ĹŠ +( -9 ĹŠ#231 3_%(! ĹŠ!.-ĹŠ#+ĹŠ 2#!3.1ĹŠ/1(5 ".Ä&#x201D;ĹŠ, -3#-(#-".ĹŠ!.,.ĹŠ -.1, ĹŠ#+ĹŠÄ&#x17D;Ä&#x2C6;Ĺ&#x2DC;ĹŠ"#ĹŠ+ 2ĹŠ !!(.-#2ĹŠ/.1ĹŠ / 13#ĹŠ"#+ĹŠ 4-(!(/(.ĢÄ&#x201D;ĹŠ2# +¢Ä&#x201C;ĹŠ

Ckd_Y_f_ei$ I_d [cXWh]e" CWh# jÂ&#x2021;d[p" WYbWhÂ&#x152; gk[ [b 9WX_bZe j_[d[ ik fhef_e fheo[Yje fWhW bW _di# jWbWY_Â&#x152;d Z[ kdW fbWdjW Z[ jhWjW# c_[dje Z[ h[i_Zkei iÂ&#x152;b_Zei" WiÂ&#x2021; be YedĂ&#x2019;hcÂ&#x152; I_bl_W 9Wijhe" Z_h[YjehW Z[ IWbkZ o C[Z_e 7cX_[dj[$ ?dZ_YÂ&#x152; gk[ oW [n_ij[d Wb]k# dWi fhefk[ijWi Z[ [cfh[iWi fh_lWZWi fWhW jhWXW`Wh Yed [b Ckd_Y_f_e [d [b fheo[Yje$ Ă&#x2020;BW c_j_]WY_Â&#x152;d Z[ _cfWYjei WcX_[d# Z_Wdj[i" Z[ bei YkWb[i (+/ fh[i[d# jWhed fheXb[cWi [d bW l_ijW$ I[Â&#x2039;WbÂ&#x152; gk[ [b eX`[j_le Z[ bW YhkpWZW [i f[h\[YY_edWh bW iW# bkZ l_ikWb fWhW c[`ehWh [b h[d# Z_c_[dje [ZkYWj_le Z[ bei [ijk# Z_Wdj[i X[d[Ă&#x2019;Y_Wh_ei$ BW 9WcfWÂ&#x2039;W Z[ IWbkZ L_ikWb Yed bW [djh[]W Z[ b[dj[i" YkXh_Â&#x152; bW d[Y[i_ZWZ Z[ c|i Z[ c_b d_Â&#x2039;ei" ZkhWdj[ jh[i WÂ&#x2039;ei Yedi[Ykj_lei Z[ [`[YkY_Â&#x152;d Z[b FbWd L_i_Â&#x152;d ;YkWZeh$ Bei fWZh[i Z[ \Wc_b_W Z[ bei c[deh[i W]hWZ[Y_[hed W bWi Wkjeh_ZWZ[i feh WokZW Xh_d# ZWZW$ BW ZedWY_Â&#x152;d Z[ b[dj[i YedijW Z[djhe Z[ bW fbWd_Ă&#x2019;YWY_Â&#x152;d Wfb_YW# ZW ^WijW [b (&')$ Ied Wbh[Z[Zeh Z[ '(& c_b d_Â&#x2039;ei gk[ i[ X[d[Ă&#x2019;# Y_Wh|d Z[b fheo[Yje" gk[ i[ h[fb_# YW W d_l[b dWY_edWb [d bWi _dij_jk# Y_ed[i [ZkYWj_lWi Z[ bei i[Yjeh[i c|i lkbd[hWXb[i$ BW h[l_i_Â&#x152;d cÂ&#x192;Z_YW jWcX_Â&#x192;d \ehcW fWhj[ Z[ bW WokZW gk[ [djh[]Wd bWi Zei _dij_jkY_ed[i$

Ä&#x201C;ĹŠ (#%.ĹŠ 1!~ Ä&#x201D;ĹŠ/1#Äą $#!3.ĹŠ"#ĹŠ , 41 Ä&#x201D;ĹŠ' +¢Ŋ2. 1#ĹŠ+ 2ĹŠ 5 ! -3#2ĹŠ#7(23#-3#2ĹŠ#-ĹŠ#+ĹŠ Ä&#x201C;ĹŠ

/ 0 -Ĺ&#x2039; )(., . #)( -Ĺ&#x2039; (Ĺ&#x2039; &Ĺ&#x2039; :_[]e =WhYÂ&#x2021;W fh[\[Yje Z[ ?c# XWXkhW" Z_`e gk[ bW _dij_jkY_Â&#x152;d de ik\h_h| YWcX_ei e Z[if_Zei [d YkWdje Wb |h[W WZc_d_ijhW# j_lW$ I_d [cXWh]e" i[Â&#x2039;WbÂ&#x152; gk[ bei jhWXW`WZeh[i Z[b gk[ cWd# jkl_[hed YedjhWje ^WijW [b )' Z[ Z_Y_[cXh[ oW \k[hed dej_# Ă&#x2019;YWZei$ ?d\ehcÂ&#x152; gk[ iWb_[hed Z[ \ehcW lebkdjWh_W +* ef[hW# Zeh[i Z[b =eX_[hde Fhel_dY_Wb Z[ ?cXWXkhW gk[ f[hj[d[YÂ&#x2021;Wd Wb I_dZ_YWje Z[ JhWXW`WZeh[i$ Ă&#x2020;;bbei ^Wd fk[ije ik lebkdjWZ lÂ&#x2021;W Z[iW^kY_e [d bW Z_h[YY_Â&#x152;d Z[ jhWXW`e" [djedY[i [ijWcei Ykcfb_[dZe W YWXWb_ZWZ be gk[ bW dehcW `khÂ&#x2021;Z_YW [ijWXb[# Y[Ă&#x2021;" cWd_\[ijÂ&#x152;$ 7Ă&#x2019;hcÂ&#x152; gk[ iÂ&#x2021; i[ YedjhWjWh| dk[le f[hiedWb o i[ be h[Wb_pWh| Z[ WYk[hZe W bei f[hĂ&#x2019;b[i$ :_`e gk[ i[ d[Y[# i_jWd ef[hWZeh[i Z[ cWgk_# dWh_W f[iWZW$

* #. #Â&#x161;(Ĺ&#x2039; (Ĺ&#x2039;. ' -Ĺ&#x2039; ' # (. & 9[hYW Z[ (&& [ijkZ_Wdj[i Z[ Z_ij_djWi _dij_jkY_ed[i [ZkYW# j_lWi" fWhj_Y_fWhed [d [b jWbb[h Z[ YWfWY_jWY_Â&#x152;d gk[ eh]Wd_pW bW I[Yh[jWhÂ&#x2021;W Z[ Fk[Xbei" Ce# l_c_[djei IeY_Wb[i o FWhj_Y_# fWY_Â&#x152;d 9_kZWZWdW IFF9 [d [b |h[W Z[ :_|be]e IeY_Wb$ ;b eX`[j_le [i ieY_Wb_pWh [b j[cW ieXh[ bW fh[l[dY_Â&#x152;d Z[ Yed# Ă&#x201C;_Yjei$ :eh_i LWYW" WdWb_ijW Z[ :_|be]e IeY_Wb Z[ bW IFF9" ^WXbÂ&#x152; ieXh[ bW _cfehjWdY_W Z[ fh[fWhWh W bei `Â&#x152;l[d[i o d_Â&#x2039;ei [d bW fh[l[dY_Â&#x152;d" fWhW gk[ i[Wd fehjWZeh[i Z[ kdW YkbjkhW Z[ fWp$ BW WYj_l_ZWZ \ehcW fWhj[ Z[b Yhede]hWcW Z[ WYj_l_ZWZ[i gk[ [`[YkjW bW _dij_jkY_Â&#x152;d [d bW fhel_dY_W Z[ ?cXWXkhW$

Ä&#x201C;ĹŠ .2ĹŠ-( .2ĹŠ"41 -3#ĹŠ+ ĹŠ ! / !(3 !(¢-ĹŠ04#ĹŠ"#2 11.++¢Ŋ+ ĹŠ #!1#3 1~ ĹŠ"#ĹŠ 4# +.2Ä&#x201C;ĹŠ


ŋ ŋ ŋ Ć 0%!),+ (! 01. āĆŏ)%*ċ

ŋ ŋûăúú

āăŏ ŏ ŏĂĀāĂŏ

ŏ ŏ ġ

-ũ 04#++ ũ_/.! ũ4-ũ/#12.- )#ũ8 ũ2#ũ "#+ -3¢ũ #-ũ+.ũ04#ũ/ 2 1~ ũ#-ũ +%4- 2ũ!.2 2ũ8ũ 2/#!3.2ũ "#+ũ,4-".ēũ

d '/&&" kd _d# ][d_[he Y_l_b [i# jWZekd_Z[di[ bbWcWZe @e^d ;b\h[j^ MWj# a_di ^_pe kdW i[h_[ Z[ fh[Z_Y# Y_ed[i ieXh[ Y ce i[h W [b fbWd[# jW [d [b i_]be gk[ Yec[dpWXW$ ;d bei bj_cei Z Wi ^W Yec[d#

Ėũ

pWZe W h[Y_hYkbWh kd j_fe Z[ fh[# Z_YY_ed[i Z[ c|i bWh]e WbYWdY[0 bWi ^[Y^Wi feh MWja_di" Yed kdW Wcfb_W h[f[hYki_ d [d bWi h[Z[i ieY_Wb[i$ 7 fh_dY_f_ei Z[b i_]be NN" @e^d MWja_di ;b\h[j^ [iYh_X_ kd Whj Ykbe fkXb_YWZe [d bW h[l_ijW \[c[d_dW BWZ_[iÉ >ec[ @ekhdWb j_jkbWZe ȵGk fk[Z[ ikY[Z[h [d

bei fh n_cei Y_[d W ei5É ;b j[nje Yec_[dpW0 Æ;ijWi fhe# \[Y Wi b[ fWh[Y[h|d [njhW Wi" YWi_ _cfei_Xb[iÇ" o [nfb_YW gk[ ^Wd i_Ze YedikbjWZWi bWi ef_d_ed[i Z[ ÆbWi c|i WbjWi _dij_jkY_ed[i Z[ bW Y_[dY_W o Z[b Wfh[dZ_pW`[Ç ie# Xh[ (/ j[cWi$ µ;d gk WY[hj 5 9edepYW W Yedj_dkWY_ d0

ũ$.3.%1 $~ ũ"(%(3 +ũ ũ!.+.1 ŗũũ 3*(-2Ĕũ/.1ũ24/4#23.Ĕũ-.ũ42¢ũ+ ũ/ + 1 ũĥ"(%(3 +Ħũ-(ũ#7/+(!¢ũ!.-ũ/1#!(2(¢-ũ !¢,.ũ2#1~ -ũ#23.2ũ 13#$ !3.2Ĕũ/#1.ũ/1#"().ũ!¢,.ũ2#ũ43(+(9 1~ ũ+ ũ3#!-.+.%~ ũ

$.3.%1;ăũ! ē ġ 2ũ$.3.%1 $~ 2ũ2#1;-ũ3#+#%1 ăũ " 2ũ"#2"#ũ!4 +04(#1ũ"(23 -!( ēũ (ũ' 8ũ4- ũ 3 ++ ũ#-ũ '(- ũ"#-31.ũ"#ũ!(#-ũ .2Ĕũ+ 2ũ(-23 -3;-# 2ũ,;2ũ++ , 3(5 2ũ2#1;-ũ /4 +(! " 2ũ#-ũ+ ũ/1#-2 ũ4- ũ'.1 ũ"#2/4_2ũĸēēēĹēũ 2ũ$.3.%1 $~ 2ũ1#/1."4!(1;-ũ 3.".2ũ+.2ũ!.+.1#2ũ"#ũ+ ũ- 341 +#9 ĢĔũ, -($#23¢ē 23.ũ"#,4#231 ũ4- ũ! / !(" "ũ#-.1,#ũ"#ũ/1#5(2(¢-Ĕũ#2!1( (¢ũ #Ăũũ (+2ı 2.-Ĕũ#"(3.1ũ"#+ũ 341" 8ũ 5#-(-%ũ .23ũ/ 1 ũ3#, 2ũ'(23¢1(!.2ēũ -ũ+ ũ_/.! ũ"#ũ 3*(-2ũ2#ũ-#!#2(3 ũ +ũ,#-.2ũ4- ũ2#, - ũ/ 1 ũ04#ũ+ ũ(, %#-ũ"#ũ +%.ũ 04#ũ24!#"~ ũ#-ũ '(- ũ / 1#!(#1 ũ#-ũ/#1(¢"(!.2ũ.!!("#-3 +#2ē

#+_$.-.2ũ!#+4+ 1#2 ŗũũġ #+_$.-.ũ(- +;, 1(!.2ũ8ũ!(1!4(3.2ũ"#ũ3#+_%1 $.2ũ2#ũ #73#-"#1;-ũ ũ-(5#+ũ,4-"( +ēũ -ũ#2/.2.ũ#-ũ#+ũ,#"(.ũ"#+ũ

3+;-3(!.ũ2#1;ũ! / 9ũ"#ũ!.-5#12 1ũ!.-ũ24ũ#2/.2 ũ2#-3 " ũ #-ũ24ũ% (-#3#ũ#-ũ '(! %.ēũ #1#,.2ũ! / !#2ũ"#ũ++ , 1ũ/.1ũ 3#+_$.-.ũ ũ '(- ũ3 -ũ$;!(+,#-3#ũ!.,.ũ '.1 ũ' + ,.2ũ"#ũ 4#5 ũ .1*ũ ũ 1..*+8-ĢĔũ5 3(!(-¢ũ 3*(-2ē

2ũ++ , " 2ũ3#+#$¢-(! 2ũ(-3#1- !(.- +#2ũ#1 -ũ"#2!.-.ı !(" 2ũ#-ũ+ ũ_/.! ũ 3*(-2ē 2 1.-ũ.31.2ũĈĎũ .2ũ"#2"#ũ242ũ/1#"(!!(.-#2ũ -3#2ũ"#ũ 04#ũ+ ũ/1(,#1 ũ++ , " ũ$4#1 ũ1# +(9 " ũ/.1ũ +#7 -"#1ũ #++ũ "#ũ4- ũ!.23 ũ"#ũ ē ēũ ũ+ ũ.31 ē

ũ("# ũ"#ũ+ ũ3#+#$.-~ ũ!#+4+ 1ũ#1 ũ5#1" "#1 ,#-3#ũ 1#5.+4!(.- 1( ē

ĥ +(,#-3 !(¢-ũ1;/(" Ħ ŗũũġ .,(" 2ũ(-23 -3;-# 2ũ2#ũ/."1;-ũ!.,/1 1ũ#-ũ4-ũ#23 +#!(,(#-3.ũ2(,(+ 1ũ ũ+ 2ũ / - "#1~ 2ũ"#ũ'.8ĢĔũ/1.-.23(!¢ũ 3*(-2ē

ũ/1.+($#1 !(¢-ũ"#ũ#2#ũ3(/.ũ"#ũ +(,#-3.2ũ#-ũ+.2ũ24/#1,#1! ".2ũ8ũ.31.2ũ #23 +#!(,(#-3.2ũ24%(#1#ũ04#ũ 3*(-2ũ#23 ũ#-ũ+.ũ!(#13.Ĕũ 4-04#ũ_+ũ/1#"().ũ04#ũ + ũ!.,(" ũ2#ũ#-31#% 1~ ũ#-ũ/+ 3.2ũ04#ũ2#1~ -ũ"#54#+3.2ũ/.1ũ4- ũ34 #1~ ũ/ 1 ũ2#1ũ + 5 ".2ē

ũ3#+#5(2(¢ŗũũġ +ũ'., 1#ũ/."1;ũ5#1ũ3.".ũ #+ũ,4-".ēũ #12.- 2ũ8ũ!.2 2ũ"#ũ

3.".ũ3(/.ũ2#1;-ũ31 -2/.13 " 2ũ /.1ũ!;, 1 2ũ!.-#!3 " 2ũ#+_!ı 31(! ,#-3#ũ!.-ũ/ -3 ++ 2ũ +ũăũ- +ũ "#+ũ!(1!4(3.Ĕũ!.-ũ,(+#2ũ"#ũ#++ 2ĢĔũ #2!1( (¢ũ#+ũ(-%#-(#1.ē 4ũ5(2(¢-Ĕũ#-ũ!(#13.ũ,.".Ĕũ $4#ũ'#!' ũ1# +(" "ũ#-ũ#+ũ2(%+.ũ ũ /.1ũ+ 2ũ!.-#7(.-#2ũ3#+#5(2(5 2ũ#-ũ "(1#!3.ē

#1"41 2ũ"#ũ(-5#1- "#1. ŗũũġ .2ũ %1(!4+3.1#2ũ!.-5#13(1;-ũ#+ũ(-5(#1-.ũ#-ũ5#1 -.ũ8ũ+ ũ-.!'#ũ#-ũ"~ ĢĔũ ăũ1,¢ũ 3*(-2Ĕũ04(#-ũ2#ũ1#ăũ1(¢ũ ũ! +#2ũ#+_!31(!.2ũ 24 3#11;-#.2ũ8ũ ,/+(.2ũ) 1"(-#2ũ31 2ũ5("1(.2ē

.2ũ) 1"(-#2ũ#-ũ(-5#1- "#1.2ũ8 ũ#1 -ũ4- ũ1# +(" "ũ#-ũĈĒććĔũ2# +¢ũ '(+(/ũ .1, -Ĕũ"#+ũ 42#.ũ"#ũ+.2ũ 1"(-#2ũ"#ũ .-"1#2ēũ #1.ũ 3*(-2Ĕũ(-"(!¢Ĕũ#23 ũ#-ũ+.ũ!(#13.ũ +ũ /4-3 1ũ +ũ42.ũ"#ũ#+#!31(!(" "ũ#-ũ+ ũ/1."4!!(¢-ũ"#ũ5#1"41 2ē

#2 !#+#1 !(¢-ũ"#+ũ !1#!(,(#-3.ũ"#ũ+ ũ/. + !(¢ŗũũ

ġ 1. +#,#-3#ũ' 1;ũ#-31#ũĊĎćũ,(++.-#2ũ ũĎććũ,(++.-#2ũ"#ũ/#12.- 2ũ#-ũ ē ēĢĔũ/1#"().ũ 3*(-2ēũ ũ!($1 ũ#2ũ"#, 2( ".ũ +3 Ĕũ"(!#ũ (+22.-Ĕũ/#1.ũ/.1ũ+.ũ ,#-.2ũ 3*(-2ũ$4#ũ/.1ũ+ ũ"(1#!!(¢-ũ!.11#!3 ē (ũ+ ũ/. + !(¢-ũ"#ũ ē ēũ'4 (#2#ũ 4,#-3 ".ũ +ũ,(2,.ũ1(3,.ũ04#ũ+.ũ'(9.ũ #-31#ũĈđććũ8ũĈĒććĔũ' 1~ ũ24/#1 ".ũ,(+ũ,(++.-#2ũ#-ũĉćććē


§ Ä&#x2021; 0%!),+ (! 01. Ä Ä&#x2020;Ĺ?)%*Ä&#x2039;

Ĺ?Ä Ä&#x192;Ĺ? Ĺ? Ĺ?Ä&#x201A;Ä&#x20AC;Ä Ä&#x201A;

Ĺ? +. Ĺ? ÄĄ

ÄĄ ĹŠ -(" "ĹŠ -.ĹŠ "#ĹŠ #1 /( ĹŠ ÄĽ(-5#-3 ÄŚĹŠ+ ĹŠ -3#-2(5 Ä&#x201D;ĹŠ 5#1" "ĹŠ 1#04#1(1;ĹŠ/1.%1#Äą #7 !3 ,#-3#ĹŠ 2(5 ,#-3#ĹŠ"#ĹŠ+ ĹŠ !.,.ĹŠ(-5#-3 ĹŠ+ ĹŠ !. #1341 ĹŠ"#ĹŠ/1#2Äą ,#-3(1 ĢÄ&#x201C;ĹŠ 3 !(.-#2ĹŠ"#ĹŠ2 +4"Ģ ĹŠ ĹŠ Â&#x;

ĹŠ ĹŠ ĹŠ

(;+.%.

BW ^_ijeh_W [i Yece [b fWi[e Z[ kd beYe gk[ h[f_j[ kdW o ejhW l[p ik cWd_|j_Ye h[Yehh_Ze$ >WijW W^ehW ^W i_Ze kd _j_d[hWh_e Z[ fh[`k_Y_e" _djeb[hWdY_W" ^eij_b_# ZWZ o l_eb[dY_W$ CkY^ei Z[ bei YedĂ&#x201C; _Yjei gk[ j_[d[d bk]Wh [d dk[ijhW YWiW" dk[ijhW XWhh_WZW" dk[ijhe fWÂ&#x2021;i e [d ]hWdZ[i pedWi Z[b ckdZe j_[d[d ik eh_][d [d bW eXij_dWY_Â&#x152;d Z[ ^WY[h fh[lW# b[Y[h kdei _dj[h[i[i o Yh_j[h_ei feh [dY_cW Z[ ejhei$ I_[cfh[ ^Wo kdW fWhj[ gk[ [ij| Yedl[d# Y_ZW Z[ i[h fehjWZehW Z[ bW l[h# ZWZ o" feh jWdje" Z[ fei[[h bei Z[h[Y^ei fWhW WYjkWh i_d j[d[h [d Yk[djW be gk[ f_[diWd" i_[d# j[d e d[Y[i_jWd bei ejhei$ Bei Z_# b[cWi i[ jhWjWd Z[ h[iebl[h feh bW Yed\hedjWY_Â&#x152;d c[`eh gk[ feh bW YedY[hjWY_Â&#x152;d$ 7dj[ [iW h[Yk# hh[dY_W Wb [d\h[djWc_[dje YWZW l[p c|i i_ij[c|j_YW" dkc[heiW o d[\WijW" [i kh][dj[ Z[iWhhebbWh kdW YkbjkhW Z[b Z_|be]e$ -4#+ĹŠ 1!~ ĹŠ , -4#+Ä&#x201C;."(2#.Äž%, (+Ä&#x201C;!.,

Ä ĹŠ04(_-ĹŠ+#ĹŠ(,/.13 Ä&#x;

I[ Yk[djW gk[ kd ]khÂ&#x2018; ^WXÂ&#x2021;W fh[fWhWZe W '& Z[ iki Z_iYÂ&#x2021;fkbei ZkhWdj[ '& WÂ&#x2039;ei o [ijei ^WXÂ&#x2021;Wd jecWZe iki fhef_ei YWc_dei$ 7b YWXe Z[ Wb]Â&#x2018;d j_[cfe" kde Z[ [iei Z_iYÂ&#x2021;fkbei fWiÂ&#x152; Y[hYW Z[b j[cfbe Z[ ik Wdj_]ke cW[ijhe" [d kd ZÂ&#x2021;W bbkl_eie o Z[Y_Z_Â&#x152; [djhWh o" Yece kde Wb [djhWh W kd bk]Wh iW]hWZe i[ gk_jW bei pWfWjei o iki cWb[jWi$ <k[ [djedY[i YkWdZe i[ fh[i[djÂ&#x152; [b cW[ijhe o b[ Z_`e0 Ă&#x2020;7cWZe ]khÂ&#x2018;" fWiWXW feh WgkÂ&#x2021; Y[hYW o de ^kX_[i[ feZ_Ze f[hZedWhc[ i_ de b[ ^WYÂ&#x2021;W Wb c[dei kdW l_i_jWĂ&#x2021;$ ;b cW[ijhe h[ifedZ_Â&#x152;0 Ă&#x2020;7]hW# Z[pYe jk deXb[pW o c[ Wb[]hW [b l[hj[" f[he oe iebe gk_[he iWX[h kdW YeiW0 ÂľZÂ&#x152;dZ[ Z[`Wi# j[ [b fWhW]kWi" W bW _pgk_[hZW Z[ jki pWfWjei e W bW Z[h[Y^W Z[ [bbei5Ă&#x2021; ;d ;YkWZeh o [d j_[cfei Z[ YedikbjWi _dYed# ikbjWi" ÂľW gk_Â&#x192;d b[ _cfehjW ZÂ&#x152;dZ[ [ij| [b fWhW]kWi" i_ jeZW bW ][ij_Â&#x152;d Z[ bWi _pgk_[h# ZWi YW[ [d bWi WhYWi Z[ bW Z[h[Y^W5 -4#+ĹŠ .22.ĹŠ 4,;11 % "1/.22.Äž8 '..Ä&#x201C;!.,

ĹŠ ĹŠ ĹŠ Ä&#x2013; ! 13 2 +"(1#!3.1Äž+ '.1 Ä&#x201C;!.,Ä&#x201C;#! 2(++ ĹŠÄ&#x2C6;Ä?Ä&#x2C6;Ä?Ä&#x2030;Ä&#x152;Ä&#x160;ĹŠ ĹŠ.ĹŠ!4 +04(#1 ĹŠ "#ĹŠ-4#231 2ĹŠ %#-!( 2Ä&#x201C; #04(2(3.2Ä&#x2013;ĹŠ ., 1#2ĹŠ8ĹŠ /#++(".2ĹŠ!.,/+#3.2Ä&#x2014;ĹŠ-Ă&#x152;,#Äą 1.ĹŠ"#ĹŠ _"4+ Ä&#x2014;ĹŠ3#+_$.-.ŊĸÄ&#x192;ĹŠ).ÄšÄ&#x2014;ĹŠ"(1#!!(¢-ĹŠ".,(!(+( 1( ĹŠ .ĹŠ"#ĹŠ31 ).ĹŠ8ĹŠ!.11#.ĹŠ#+#!31¢-(!.Ä&#x201C;

Ĺ&#x2039; Ĺ&#x2039;

?h|d Yedj_dÂ&#x2018;W _cf[hjkhXWXb[ [d ik Z[iW\Â&#x2021;e Wb ckdZe$ C_[djhWi ;ijWZei Kd_Zei WdkdY_W iWd# Y_ed[i YedjhW [b 8WdYe 9[djhWb _hWdÂ&#x2021;" ;khefW Yedj[cfbW de lebl[h W YecfhWhb[ f[jhÂ&#x152;b[e [ ?ihW[b" Yed jeZW hWpÂ&#x152;d" i[ _hh_jW YWZW l[p c|i" [b fh[i_Z[dj[ CW^cekZ 7^cWZ_d[oWZ WYWXW Z[ h[Wb_pWh kdW l_i_jW W iki Ă&#x2C6;^[hcWdei h[lebkY_e# dWh_eiĂ&#x2030; Z[ 7cÂ&#x192;h_YW BWj_dW" e i[W W bei fh[i_Z[d# j[i Z[ D_YWhW]kW" 9kXW" L[d[pk[bW o ;YkWZeh Yed bei gk[ ^W [ijh[Y^WZe h[bWY_ed[i [d bei i[_i WÂ&#x2039;ei gk[ bb[lW [d [b feZ[h$ ;b Z_h_][dj[ f[hiW iWX[ cel[h iki \_Y^Wi0 YkWdZe Z[iZ[ EYY_Z[dj[ i[ WjWYW W ?h|d" Â&#x192;b i[ fWi[W feh kd Yedj_d[dj[ [d [b YkWb bW H[fÂ&#x2018;Xb_YW ?ib|c_YW gk_[h[ i[h c|i _d\bko[dj[ YWZW ZÂ&#x2021;W$ ;b XWÂ&#x2039;e Z[ fh[diW b[ YW[ Wb Z_h_][dj[ [d kd cec[d# je fh[Y_ie$ 7^cWd_Z[`WZ" Yece iki Ă&#x2C6;^[hcWdeiĂ&#x2030;" [i kd

ĹŠ ^

ĹŠ Ä&#x160;ĹŠ

#)( -Ĺ&#x2039; Ĺ&#x2039;0#

;d [ij[ c[i Z[ [d[he i[ Ykcfb[d ,* WÂ&#x2039;ei Z[b Wi[i_dWje Z[ CW^Wd# ZWi =WdZ^_" c[`eh YedeY_Ze feh [b decXh[ gk[ b[ \k[hW _cfk[ije feh [b [iYh_jeh ?dZÂ&#x2018;" JW]eh[0 CW# ^WjcW" decXh[ Yecfk[ije Z[ leY[i i|dYh_ijWi [ _dZÂ&#x2018;[i" fWhW i_]d_Ă&#x2019; YWh Ă&#x2020;7bcW =hWdZ[Ă&#x2021;$ ;ij[ f[hiedW`[ Wb gk[ bW ^k# cWd_ZWZ de gk_[h[ h[YehZWh Yed bW \k[hpW o \h[Yk[dY_W Yed bW gk[ Z[X[hÂ&#x2021;W i[h h[YehZWZe" jhW`e Wb ckdZe kdW dk[lW l_i_Â&#x152;d ieXh[ be gk[ Z[X[hÂ&#x2021;Wd i[h bWi bkY^Wi febÂ&#x2021;j_YWi$ BW fWp Yece _dijhk# c[dje fWhW be]hWh bei eX`[j_lei$

fheleYWZeh dWje" Yed l[hXe e\[di_le [ ^_h_[dj[$ ;i [d [i[ Yedj[nje [d [b gk[ bW h[jÂ&#x152;h_YW Wdj_# _cf[h_Wb_ijW gk[ fheYbWcW b[ \kdY_edW W bW f[h# \[YY_Â&#x152;d" ieXh[ jeZe [d kdW fWhj[ Z[ dk[ijhe Yedj_d[dj[ ZedZ[ bW H[fÂ&#x2018;Xb_YW ?ib|c_YW gk_[h[ i[h c|i _d\bko[dj[ YWZW ZÂ&#x2021;W$ O [d [ie b[ ^WY[d Yehe Ehj[]W" 9Wijhe" 9^|l[p o 9ehh[W$ Be Y_[hje" i_d [cXWh]e" [i gk[ Z[ifkÂ&#x192;i Z[ jWd# jei WXhWpei o Z[YbWhWY_ed[i" de i[ ^Wd be]hWZe YedYh[jWh ckY^ei Z[ bei fheo[Yjei ikiYh_jei Yed ?h|d d_ bei ]eX_[hdei WbkZ_Zei ^Wd h[ifed# Z_Ze W ckY^Wi fh[]kdjWi ieXh[ [b j[cW$ DWZ_[ i[ [nfb_YW YÂ&#x152;ce [i fei_Xb[ gk[ [b Ykbje o Wdj_gkÂ&#x2021;i_ce fk[Xbe f[hiW i_]W Wj[dWpWZe feh bW Z_YjWZkhW Z[ bei WoWjeb|i c|i _djhWdi_][dj[i$ ;ie iÂ&#x2021;0 feh W^ehW" Wb]e dei kd[0 jWdje Wbb| Yece WgkÂ&#x2021; bW l[hZWZ[hW Z[ceYhWY_W de [i c|i gk[ kdW gk_c[hW$

Ă&#x2020;De ^Wd YWc_de ^WY_W bW fWp" bW fWp [i [b YWc_deĂ&#x2021;$ BW h[i_ij[dY_W fWYÂ&#x2021;Ă&#x2019; YW be]hÂ&#x152; bW b_X[hWY_Â&#x152;d Z[ ik fk[Xbe o Z[ ik fWÂ&#x2021;i" bW ?dZ_W" Z[ bei Wcei Yebed_# pWZeh[i _d]b[i[i o Yed [bbe WXh_Â&#x152; [b YWc_de fWhW gk[ WbYWdpWhW ik fb[dW WkjedecÂ&#x2021;W o Z[iWhhebbe$ 7Â&#x2039;ei c|i jWhZ[" ejhe bÂ&#x2021;Z[h" WbYWdpWhÂ&#x2021;W jWcX_Â&#x192;d bW ]beh_W feh ^WX[h bkY^WZe febÂ&#x2021;j_YWc[dj[ i_d ejhW WhcW gk[ bW hWpÂ&#x152;d o bW fWp0 D[bied CWdZ[bW" kd WXe]WZe W\h_YWde" gk[ f[hcWd[Y_Â&#x152; fh[ie (- WÂ&#x2039;ei" W jhWXW`ei \ehpWZei" feh [b Â&#x2018;d_Ye Z[b_je Z[ XkiYWh fWYÂ&#x2021;Ă&#x2019; # YWc[dj[ bW _dZ[f[dZ[dY_W o [b fb[de h[YedeY_c_[dje Z[ bei Z[# h[Y^ei Z[ ik fk[Xbe0 IkZ|\h_YW$ ;ijei Zei decXh[i [ij|d Â&#x2021;dj_# cWc[dj[ b_]WZei feh iki _Z[Wi$ 7cXei de ied h[YedeY_Zei d_ Z[djhe d_ \k[hW Z[ bei bÂ&#x2021;c_j[i Z[ iki h[if[Yj_lei fWÂ&#x2021;i[i feh Wb dÂ&#x2018;# c[he Z[ YWhh[j[hWi Yedijhk_ZWi e h[Yedijhk_ZWi" jWcfeYe feh h[#

]WbWh Z_d[he W bei feXh[i Z[ iki fWÂ&#x2021;i[i" gk[ \k[hed o ied ckY^ei" jWcfeYe feh ^WX[h YecfhWZe WfWhWjei Z[ Â&#x2018;bj_cW j[Ydebe]Â&#x2021;W$ De" de \k[hed [iei iki be]hei o iki [di[Â&#x2039;WdpWi$ FWhW [bbei bWi YeiWi cWj[h_Wb[i ied fei_Xb[i Z[ WbYWdpWh YkWdZe YWZW kde Z[ bei Y_kZWZWdei WbYWdpW bW b_X[hjWZ o l_l[ Yed Z_]d_ZWZ$ B_X[hjWZ fWhW f[diWh" fWhW Z[# Y_h be gk[ i[ f_[diW" fWhW WYjkWh i_d c_[Ze" fWhW l_l_h i_d j[ceh W i[h WiWbjWZe feh bW Z[b_dYk[dY_W e feh bei Yec_jÂ&#x192;i Z[b fWhj_Ze Z[ ]eX_[hde" e feh feb_YÂ&#x2021;Wi e `k[Y[i Yehhkfjei$ ;bbei [di[Â&#x2039;Whed W iki fk[Xbei W h[if[jWh bWi b[o[i" fehgk[ [bbei Z_[hed [b [`[cfbe o WiÂ&#x2021; be ^_Y_[hed$ ;bbei de d[Y[i_jW# hed \ehpWh bW 9edij_jkY_Â&#x152;d Z[ iki fWÂ&#x2021;i[i d_ decXhWh W iki Wc_]ei [d bei YWh]ei Z[ WZc_d_ijhWY_Â&#x152;d Z[ bW `kij_Y_W$ ;bbei fh[Ă&#x2019; h_[hed [b Z_\Â&#x2021;Y_b YWc_de Z[b h[if[je o bW eX[Z_[dY_W W bWi b[o[i$

ĹŠ Ä&#x201C;ĹŠ ĹŠ Ä&#x201C;

,#) #-. ;b f[h_eZ_ice [i i[hl_Y_e" leYW# Y_Â&#x152;d o Yecfhec_ie$ J_[d[ ck# Y^e Z[ _Z[Wb_ice" i_d [cXWh]e" [d bW leh|]_d[ Z[ bei `k[]ei Z[ feZ[h [b fhe\[i_edWb" gk[ZW ck# Y^Wi l[Y[i Wb ]Wh[j[$ ;b fej[dY_Wb Z[b f[h_eZ_ijW [ij|" W c|i Z[ ik YWfWY_ZWZ Z[ Wd|b_i_i" [d [b c[# Z_e gk[ f[hc_j[ ckbj_fb_YWh ik c[diW`[" i_d [bbe iÂ&#x152;be i[h| f[d# iWc_[dje o Xk[dWi _dj[dY_ed[i$ :[ifh[ij_]_Wh bW fhe\[i_Â&#x152;d" [d [b _dj[dje Z[ WjWYWh _dj[h[i[i Z[ gk_[d[i _dl_[hj[d YWf_jWb[i [d [c# fh[iWi Z[ _d\ehcWY_Â&#x152;d" [i [gkÂ&#x2021;le# Ye" fehgk[ bei Ă&#x2020;YedijhkYjeh[iĂ&#x2021; Z[ c[diW`[i Ykcfb[d ik c_i_Â&#x152;d Z[ dWhhWZeh[i Z[ bW h[Wb_ZWZ" Z[\[d# ieh[i Z[ bei Z[h[Y^ei Y_kZWZWdei o l_]_bWdj[i Z[ eiYkhWi _dj[dY_e# d[i [d bWi h[bWY_ed[i Z[ feZ[h$ ;b eĂ&#x2019; Y_e o fhe\[i_Â&#x152;d Z[ f[h_e# Z_ijW [i kd |h[W b_c_jWZW Z[djhe Z[b ]hWd Yed`kdje Z[ bW Ă&#x2020;Yeck# d_YWY_Â&#x152;dĂ&#x2021;" i_d [cXWh]e [i kdW Z[ bWi c|i _cfehjWdj[i$ Ied Yeckd_YWZeh[i Yed ]hWd h[ifed# iWX_b_ZWZ bei cW[ijhei1 [d bW cW# d_fkbWY_Â&#x152;d febÂ&#x2021;j_YW bei ieY_Â&#x152;be]ei1 [d bW _dZkYY_Â&#x152;d Z[ Yedikc_Zeh[i bei fkXb_Y_ijWi1 [d XkiYW Z[ i[# ]k_Zeh[i Ă&#x2020;Yh[o[dj[iĂ&#x2021; bei YbÂ&#x192;h_]ei1 [d XkiYW Z[ feZ[h o h_gk[pW bei febÂ&#x2021;j_Yei1 [d XkiYW Z[b fWiWZe bei Whgk[Â&#x152;be]ei1 fWhW [nfb_YWY_ed[i YkbjkhWb[i bei WdjhefÂ&#x152;be]ei o WiÂ&#x2021; Y_[djei Z[ fhe\[i_ed_ijWi ied Ye# ckd_YWZeh[i Z[ ^[Y^e$ ;b f[h_eZ_ijW [i f[diWc_[d# je b_Xh[ feh [i[dY_W" de fk[Z[ Z[`Whi[ [iYbWl_pWh feh d_d]kdW _Z[ebe]Â&#x2021;W" ik Yecfhec_ie lW c|i Wbb| Z[ jeZW ikX`[j_l_ZWZ" [i [b f[hcWd[dj[ YhÂ&#x2021;j_Ye Z[ bW ieY_[# ZWZ o iki WYjeh[i$ ;b f[h_eZ_ijW Yece _d\ehcWZeh de fk[Z[ [i# jWh ik`[je W Ă&#x2020;fh[i_ed[iĂ&#x2021; Z[ d_d# ]Â&#x2018;d j_fe$ ;i fhe\[i_Â&#x152;d [d YkWdje W YedeY_c_[dje o eĂ&#x2019; Y_e [d jWdje fh|Yj_YW _djk_j_lW" ]k_WZW Â&#x192;j_YW# c[dj[$ Kd b_Xh[ f[diWZeh eXi[hlW" f_[diW o Z[ZkY[" [djedY[i ef_# dW$ ;ij[ fheZkYje de fk[Z[ i[h b_c_jWZe feh d_d]kdW b[o ikX`[# j_lW [ _dj[dY_edWb" gk[ fh[j[dZW Z[j[hc_dWh ZÂ&#x152;dZ[ [ij| [b X_[d e [b cWb" [b Y_[be e [b _dĂ&#x2019; [hde$ #- 1- ).Äž+ '.1 Ä&#x201C;!.,Ä&#x201C;#!

1#2("#-3#ĹŠ !(.- + ĹŠ ĹŠ } (1#!3.1 ĹŠ ")4-3

ĹŠ ÂĄ ĹŠ (1#!3.1

ĹŠ ĹŠ "(3.1ĹŠ #%(.- + ĹŠ "(3.1( +ĹŠ (-.3 41.ĹŠ Ä&#x201C; Ä&#x201C; 11 Ä&#x2013;ĹŠ #)~ ĹŠÄ&#x160;Ä&#x17D;Ä&#x2021;ĹŠ#-31#ĹŠ 4!1#ĹŠ8ĹŠ .! $4#13#Ä&#x201C; #+_$.-.Ä&#x2013;ĹŠÄ&#x2030;Ä&#x2019;Ä&#x17D;ÄąÄ?Ä&#x17D;Ä&#x2021;Ä&#x2030;ĹŠ , (+Ä&#x2013;ĹŠ( 11 Äž+ '.1 Ä&#x201C;!.,Ä&#x201C;#! 3 5 +.Ä&#x2013;ĹŠ 4!1#ĹŠ#-31#ĹŠ +(- 2ĹŠ8ĹŠ .1 +#2Ä&#x201C; ĹŠ #+_$.-.Ä&#x2013;ĹŠÄ&#x2030;Ä&#x2019;Ä&#x2030;ÄąÄ&#x17D;Ä&#x152;Ä?Ä?ĹŠ , (+Ä&#x2013;ĹŠ.3 5 +.Äž+ '.1 Ä&#x201C;!.,Ä&#x201C;#! 4+!;-Ä&#x2013;ĹŠ 4!1#ĹŠÄ?Ä&#x2030;Ä&#x2030;ĹŠ#-31#ĹŠ 8 !4!'.ĹŠ8ĹŠ 4-~-Ä&#x201D;ĹŠÄ&#x2030;".ĹŠ/(2. #+_$.-.Ä&#x2013;ĹŠÄ&#x2030;Ä&#x2019;Ä&#x2018;ÄąÄ&#x152;Ä?Ä&#x152;Ä?ĹŠ , (+Ä&#x2013;ĹŠ34+! -Äž+ '.1 Ä&#x201C;!.,Ä&#x201C;#!  .Ä&#x2013;ĹŠ ĹŠ .Ä&#x201C;ĹŠÄ?Ä&#x2021;Ä&#x2021;Ä&#x2C6;

666Ä&#x201C;+ '.1 Ä&#x201C;!.,Ä&#x201C;#! 23 ĹŠ2#!!(¢-ĹŠ1#/1#2#-3 ĹŠ+ ĹŠ./(-(¢-ĹŠ"#ĹŠ+.2ĹŠ#"(3.1#2Ä&#x201C;ĹŠ .2ĹŠ#2!1(3.2ĹŠ"#ĹŠ+.2ĹŠ !.+ .1 ".1#2ĹŠ2¢+.ĹŠ!.,/1.,#3#-ĹŠ ĹŠ242ĹŠ 43.1#2ĹŠ8ĹŠ-.ĹŠ1#Ä&#x201E;ĹŠ#) -ĹŠ-#!#2 1( Äą ,#-3#ĹŠ#+ĹŠ/#-2 ,(#-3.ĹŠ"#+ĹŠ/#1(¢"(!.Ä&#x201C;


Ä&#x20AC;Ĺ&#x2039;* .# #)( -Ĺ&#x2039; Ĺ&#x2039;#( ),' #Â&#x161;(Ĺ&#x2039; &Ĺ&#x2039; " 3Ĺ&#x2039;- Ĺ&#x2039; .# ( (Ĺ&#x2039; &Ĺ&#x2039; v

ĹŠ.Ä&#x192;!(- ĹŠ"#ĹŠ -Äą ,. (+( 1ĹŠ#-ĹŠ 1!4Äą 04~ĹŠ#23;ĹŠ (#13 ĹŠ ".2ĹŠ"~ 2ĹŠ ĹŠ+ ĹŠ2#Äą , - Ä&#x201C;ĹŠ }Ä&#x203A;ĹŠEimWbZe 8[hc[e Z[X_Â&#x152; l_W`Wh Z[iZ[ Fk[hje H_Ye ^WijW ;YkWZeh fWhW YedeY[h [b fhe# Y[ie Z[ Z[YbWhWjeh_W Z[ kj_b_ZWZ fÂ&#x2018;Xb_YW Z[ '+ Z[ iki ^[Yj|h[Wi$ ;b fh[Z_e" beYWb_pWZe [d [b i[Yjeh ;b C_hWZeh" [i kdW ^[h[dY_W Z[ iki fWZh[ @eiÂ&#x192;" kd fWhY[b[he Z[ bW ^WY_[dZW IWd @eiÂ&#x192; [d [b i_]be fWiWZe$ ;b j[hh[de [i fWhj[ Z[ bWi YkWjhe c_b (-& ^[Yj|h[Wi ZedZ[ i[ b[lWdjWh| [b fbWd OWY^Wo" 9_k# ZWZ Z[b 9edeY_c_[dje$ EimWbZe \k[ kdW Z[ bWi i[_i f[hiedWi gk[ WYkZ_Â&#x152; [d [b YkWhje ZÂ&#x2021;W Z[ i[hl_Y_e Z[ bW eĂ&#x2019;Y_dW Z[ bW I[Yh[jWhÂ&#x2021;W Z[ =[ij_Â&#x152;d ?dceX_b_Wh Z[b I[Yjeh FÂ&#x2018;Xb_Ye ?dceX_b_Wh $ BW eĂ&#x2019;Y_dW i[ WXh_Â&#x152; Yece fWhj[ Z[ bei e\h[Y_c_[djei Z[ bWi Wkjeh_# ZWZ[i Z[ bW I[Yh[jWhÂ&#x2021;W DWY_edWb Z[ ;ZkYWY_Â&#x152;d Ikf[h_eh" 9_[dY_W o J[Ydebe]Â&#x2021;W I[d[iYoj $ :ei \kdY_edWh_ei Z[ ?dce# X_b_Wh Wj_[dZ[d bei c_Â&#x192;hYeb[i o `k[l[i [d bW [Z_Ă&#x2019;YWY_Â&#x152;d Z[ bW 9ec_iWhÂ&#x2021;W" [d kd [Z_Ă&#x2019;Y_e W Zei YkWZhWi Z[ bW Ckd_Y_fWb_ZWZ Z[ KhYkgkÂ&#x2021;$ ;b ^ehWh_e [i Z[ &.0&& W ')0&& o Z[ '*0&& W '-0&&$ @^eddo L_bbWhh[Wb" WXe]WZe Z[ ?dceX_b_Wh" [nfb_YÂ&#x152; gk[ Wb ZÂ&#x2021;W i[ h[Y_X[d i[_i f[j_Y_ed[i Z[ _d\eh# cWY_Â&#x152;d Z[ f[hiedWi l_dYkbWZWi Wb fheY[ie Z[ Z[YbWhWjeh_W Z[ kj_b_ZWZ fÂ&#x2018;Xb_YW$ 7kdgk[" i[ Ye# deY[ gk[ [n_ij[d ejhWi f[hiedWi fWhj_YkbWh[i$ xb \kdY_edWh_e Z[jWbbW gk[ bW ZkZW c|i \h[Yk[dj[ [ij| h[bW# Y_edWZW Yed bW d[]eY_WY_Â&#x152;d$ Bei

Ĺ? Ä Ä&#x192;Ĺ? Ĺ? Ĺ?Ä&#x201A;Ä&#x20AC;Ä Ä&#x201A;

Ĺ? +. Ĺ? ÄĄ

Ä&#x2C6;

ĹŠĹŠ

ĹŠ-#%.!( !(¢-ĹŠ "#ĹŠ+.2ĹŠ/1#"(.2Ä&#x201D;ĹŠ -.3($(! ".2ĹŠ/ 1 ĹŠ #+ĹŠ/1.!#2.ĹŠ"#ĹŠ "#!+ 1 3.1( ĹŠ"#ĹŠ 43(+(" "ĹŠ/Ă&#x152; +(! Ä&#x201D;ĹŠ #2ĹŠ' 23 ĹŠ4-ĹŠÄ&#x2C6;Ä&#x2021;Ĺ&#x2DC;ĹŠ ,;2ĹŠ"#+ĹŠ5 +.1ĹŠ"#+ĹŠ 5 +Ă&#x152;.Ä&#x201C;ĹŠ

Ä&#x2018;Ä&#x2021;Ä&#x2021;ĹŠ,#31.2ĹŠ 2#1;-ĹŠ 3#-"(".2ĹŠ

Ĺ&#x2014;ĹŠĹŠ

Ä&#x203A;ĹŠBWi YWbb[i @W_c[ HebZÂ&#x152;i" D_Yeb|i J[h|d" Bei BWkh[b[i o =Wbe BWhh[W Z[ bW fWhhegk_W CWh_Wde 7YeijW [d F_cWcf_he i[h|d Wj[dZ_ZWi$ ;d bWi Whj[h_Wi i[ WZegk_dWh|" Z_i[Â&#x2039;Wh| WY[hWi o XehZ_bbei$ ;b lWbeh [i Z[ '&& c_b ZÂ&#x152;bWh[i$ BW _dl[hi_Â&#x152;d i[h| Z[b =eX_[hde FWhhegk_Wb o bW Ckd_Y_fWb_# ZWZ$ ;d [b i[]kdZe YkWjh_# c[ijh[ Z[ [ij[ WÂ&#x2039;e _d_Y_WhÂ&#x2021;Wd bWi jWh[Wi$

ÂĄ Ä&#x201C;ĹŠ -ĹŠ+ 2ĹŠ.Ä&#x192;!(- 2ĹŠ"#ĹŠ -,. (+( 1ĹŠ 3(#-"#-ĹŠ".2ĹŠ/#12.- 2Ä&#x201D;ĹŠ3 , (_-ĹŠ2#ĹŠ/1#5_ĹŠ04#ĹŠ#23_ĹŠ/1#2#-3#ĹŠ4- ĹŠ/#12.- ĹŠ"#ĹŠ+ ĹŠ #-#2!83Ä&#x201C;ĹŠ

fhef_[jWh_ei Z[ bWi .+ fh[Z_ei dej_Ă&#x2019;YWZei j_[d[d /& ZÂ&#x2021;Wi fWhW YedYbk_h [b jh|c_j[$ >kXe jh[i ]hkfei Z[ dej_Ă&#x2019;YW# Zei" Z[ bei Zk[Â&#x2039;ei Z[ bei bej[i [i# j|d [d jehde W bWi Yeckd_ZWZ[i Z[ IWd L_Y[dj[" BWi C[hY[Z[i" 7hcWi JebW$ ;i WiÂ&#x2021;" gk[ [djh[ eYjkXh[ o del_[cXh[ kd fh_c[h dÂ&#x2018;c[he Z[ )( fhef_[jWh_ei \k[# hed dej_Ă&#x2019;YWZei$ L_bbWhh[Wb [nfb_YW gk[ Wb Yed# Ybk_hi[ [b fbWpe i_d WYk[hZei _d_# Y_Wh| [b fheY[ie Z[ [nfhef_WY_Â&#x152;d$ #%.!( !(¢-ĹŠ#-ĹŠ 4(3. ;d bW eĂ&#x2019;Y_dW Z[ KhYkgkÂ&#x2021; i[ Xh_d#

ZW _d\ehcWY_Â&#x152;d" WZ[c|i i[ Ye# ehZ_dW fWhW fhef_Y_Wh h[kd_ed[i gk[ f[hc_jWd WYk[hZei Yed bei Zk[Â&#x2039;ei$ De i[ d[]eY_W e WY[fjW h[YbWcei WZc_d_ijhWj_lei$ ;d bW jWhZ[ Z[ [ij[ `k[l[i" CW# dk[b Hk_p" WYkZ_Â&#x152; Yed ik [ifeiW 7Â&#x2021;ZW I|dY^[p$ Ă&#x2020;De feZ[cei ^W# Y[h dWZW c|i" Z[X[cei [ijWh Z[ WYk[hZeĂ&#x2021;" Z_`e [b ^ecXh[$ >WY[ Zei c[i[i bb[]Whed bWi dej_Ă&#x2019;YW# Y_ed[i fWhW YkWjhe ^[Yj|h[Wi Z[ ik \Wc_b_W$ Kd fhec[Z_e Z[ (& c_b ZÂ&#x152;bW# h[i [ij_cWd fW]Wh|d iÂ&#x152;be feh [b j[hh[de Z[ CWdk[b$ 7o[h" [d bWi eĂ&#x2019;Y_dWi [djh[]Â&#x152; iki ZeYkc[d#

)-Ĺ&#x2039;, - ,0),#)-Ĺ&#x2039; * , Ĺ&#x2039;* ,,)+/# ,# ()Ĺ&#x2039; )-. Ĺ&#x2039;

#!-#* ' Ĺ&#x2039; ., Ĺ&#x2039; Ĺ&#x2039;&)-Ĺ&#x2039; ./,#-. -Ĺ&#x2039;

Ä&#x203A;ĹŠ;b h_[]e [i kd fheXb[#

Ä&#x203A;ĹŠKd ]hkfe Z[ '+ [n# jhWd`[hei h[Yehh_Â&#x152; [ij[ `k[l[i bW fWhhegk_W hkhWb Z[ I_]i_fWc# XW" [d [b YWdjÂ&#x152;d F_cWcf_he$ Bei Z_h_][dj[i cWdjkl_[hed WY[hYWc_[djei fWhW Z[Ă&#x2019;d_h bÂ&#x2021;# d[Wi Z[ Yeef[hWY_Â&#x152;d$ BW l_i_jW [ijkle YeehZ_dW# ZW feh bW <kdZWY_Â&#x152;d I[c_bbW 7cX_[djWb$ Bei [njhWd`[hei [ijkl_[hed [d bW Yeckd_ZWZ Z[ I^Wdi^_fWcXW$ ;d [b |h[W YÂ&#x192;djh_YW l_i_jWhed bW fbWdjW YecfWYjWZehW Z[ fb|ij_Yei$ IWÂ&#x2018;b 9[f[ZW" fh[i_Z[dj[ Z[ bW @kdjW FWhhegk_Wb Z[ I_]i_# fWcXW" Wi[]khÂ&#x152; gk[ [b Ă&#x2019;d [i _d]h[iWh [d [b jkh_ice Yeck# d_jWh_e$

cW [d F_cWcf_he$ Bei h[]Wdj[i Z[b |h[W YÂ&#x192;djh_YW ][ij_edWd bei fbWd[i Z[dec_dWZei0 Fkhk^Wd# jW Ă&#x201E; F_cWcf_he Ă&#x201E; OW^kWhYeY^W o BW ;if[hWdpW$ I_d [cXWh]e" de ied bei Â&#x2018;d_Yei$ ;d CWh_Wde 7YeijW bW i_jkW# Y_Â&#x152;d jWcX_Â&#x192;d [i Yecfb_YWZW$ :[ W^Â&#x2021; gk[ i[ _dj[djW Yh[Wh Zei jWdgk[i Z[ WbcWY[dWc_[dje Z[ bÂ&#x2021;gk_Ze$ HWc_he 7hY_d_[]W" fh[i_Z[dj[ Z[ bW @kdjW FWhhegk_Wb Z[ CWh_W# de 7YeijW" _dZ_YÂ&#x152; gk[ [b fhefÂ&#x152;i_# je [i WXWij[Y[hi[ fWhW bWi Â&#x192;feYW i[YW$ Bei jWdgk[ i[ _dijWbWh|d [d OWdW`WYW o [d BW <beh_ZW Z[ Dk[#

Ä&#x201C;ĹŠ ĹŠ$ +3 ĹŠ"#ĹŠ2(23#, 2ĹŠ "#ĹŠ1(#%.ĹŠ#2ĹŠ4-ĹŠ/1. +#, ĹŠ#-ĹŠ 1( -.ĹŠ !.23 Ä&#x201C;ĹŠ

lW 7cÂ&#x192;h_YW$ Kd lWbeh fhec[Z_e Z[ [djh[ '+ o (& c_b ZÂ&#x152;bWh[i Yei# jWhÂ&#x2021;W$ ;d [ijW pedW i[ Ykbj_lWd fWfWi" cWÂ&#x2021;p" jecWj[ Z[ |hXeb o cehW$

jei f[hiedWb[i$ BW i_jkWY_Â&#x152;d fWhW 7Â&#x2021;ZW [i _dYeceZW$ ;d ik fh[Z_e [Z_Ă&#x2019;YÂ&#x152; ^WY[ '+ WÂ&#x2039;ei ik l_l_[dZW" \ehcÂ&#x152; W ik \Wc_b_W$ >eo j_[d[ (& fbWd# jWi Z[ W]kWYWj[ [d Ă&#x201C;eh$ ..1"(- !(¢-ĹŠ :Wd_[b Ik|h[p" YeehZ_dWZeh pedWb ' Z[ bW I[d[iYoj" [d kdW [djh[l_ijW Wdj[h_eh Wi[]khÂ&#x152; gk[ i[ WYehZÂ&#x152; [djh[ bWi _dij_jkY_ed[i fWhW WlWdpWh [d [b fheY[ie$ ;d Zei i[cWdWi EimWbZe fh[lÂ&#x192; l[dZ[hb[ ik j[hh[de Wb =e# X_[hde" ik _dj[dY_Â&#x152;d [i h[]h[iWh W Fk[hje H_Ye$

3#1~ 2ĹŠ 2 -(3 1( 2ĹŠ#-ĹŠ , 8

Ĺ&#x2014;ĹŠ ĹŠ ĹŠ Ä&#x203A;ĹŠ;d [b ;i# jWZ_e 9[djhWb Z[ ?cXWoW i[

[Z_Ă&#x2019;YÂ&#x152; kd ]hkfe Z[ XWj[hÂ&#x2021;Wi iWd_jWh_Wi$ BW eXhW [ij| lWbehWZW [d '- c_b ZÂ&#x152;bWh[i$ ;d [b i_j_e i[ cWdj_[d[ ejhe ]hkfe gk[ \k[ cWb Z_i[Â&#x2039;WZe [d [b (&&/ feh [b =eX_[hde Fhel_dY_Wb Z[ ?cXWXkhW$ ;ijWi W\[YjWd W bW [iYk[bW @WY_dje 9ebbW^kWpe$ ;ije Z[X_Ze W gk[ bWi fWh[Z[i Z[ bW [Z_Ă&#x2019;YWY_Â&#x152;d Z[ bWi XWj[hÂ&#x2021;Wi Yeb_dZW Yed ejhW Z[b fbWdj[b$

#%#-#1 !(¢-Ŋ #-Ŋ -Ŋ .04#

Ĺ&#x2014;ĹŠĹŠ

ÂĄ Ä&#x201C;ĹŠ ĹŠ/ 11.04( ĹŠ"#ĹŠ (%2(Äą / , ĹŠ#23;ĹŠ+.! +(9 " ĹŠ ĹŠÄ&#x152;Ä&#x2021;ĹŠ,(-43.2ĹŠ "#+ĹŠ!#-31.ĹŠ"#ĹŠ (, ,/(1.Ä&#x201C;

xb ^WXbW Z[ WjhWYj_lei gk[ feZhÂ&#x2021;Wd Wfhel[Y^Whi[ Yece0 [b iWdjkWh_e Z[ bW L_h][d Z[ I^Wdi^_fWcXW" YWiYWZWi o h[ijei Whgk[ebÂ&#x152;]_Yei$

ĹŠ Ä&#x203A;ĹŠBWi YWbb[ CeZ[ije BWhh[W" 8ebÂ&#x2021;lWh" 7k]kije 8k_jhÂ&#x152;d Z[ bW fW# hhegk_W Z[ IWd Hegk[ i[h|d _dj[hl[d_ZWi$ BW _dj[dY_Â&#x152;d [i Wcfb_Wh [d ,&& c[jhei bWi WY[hWi" YWcX_Wh WZe# gk_d[i" kX_YWh `WhZ_d[hWi" b|cfWhWi$ BW Ckd_Y_fWb_ZWZ h[Wb_pW bWi _dif[YY_ed[i$ ;d# jh[ cWhpe e WXh_b i[ [if[hW _d_Y_[d bei jhWXW`ei$


Ĺ? Ĺ?

Ĺ?

Ä&#x2030;

Ä Ä&#x192;Ĺ? Ĺ? Ĺ?Ä&#x201A;Ä&#x20AC;Ä Ä&#x201A;

Ĺ? +. Ĺ? ÄĄ

234"( -3#2ĹŠ"#ĹŠ

2ĹŠ .+.-"1(- 2ĹŠ 1#!.11(#1.-ĹŠ+ ĹŠ!(4" " $ *+ [ijkZ_Wdj[i

Z[b Yeb[]_e IWdjW 7dW Z[ 9ejWYWY^_ Z[b h[Y_dje BWi =ebedZh_dWi l_i_jWhed o h[# Yehh_[hed [b YWdjÂ&#x152;d$ :[djhe Z[ ik f[h_fbe WYkZ_[hed W bWi Yeckd_ZWZ[i F[hW\|d" F_WlW 9^kfW o Ă&#x2019; dWbc[dj[ bb[]Whed W bW bW]kdW Z[ 9k_YeY^W" ZedZ[ i[ gk[ZWhed cWhW# l_bbWZei feh [b fW_iW`[$ ;ije \k[ fWhj[ Z[ kdW l_i_jW gk[ feh fh_c[hW l[p bW ^WYÂ&#x2021;Wd Wb YWdjÂ&#x152;d$

Ä&#x201C;ĹŠ .".+$.ĹŠ ;#-9Ä&#x201D;ĹŠ#, ) ".1ĹŠ"#ĹŠ #-#94#+ ĹŠ#-ĹŠ !4 ".1ĹŠ++#%¢Ŋ 8#1ĹŠ#-ĹŠ+ ĹŠ,  - ĹŠ ĹŠ .3 ! !'(Ä&#x201D;ĹŠ#-ĹŠ+ ĹŠ3 1"#ĹŠ'(9.ĹŠ#+ĹŠ+ -9 ,(#-3.ĹŠ"#ĹŠ4-ĹŠ+( 1.ĹŠ#-ĹŠ 11 ĹŠ8ĹŠ'.8ĹŠ5(2(3 1;ĹŠ }-3 %Ä&#x201C;

' $ ),Ĺ&#x2039; Ĺ&#x2039; ( 4/ & Ĺ&#x2039;- Ĺ&#x2039; )'*,)' . Ĺ&#x2039; )(Ĺ&#x2039; &Ĺ&#x2039; (.Â&#x161;( 8ĹŠ4-ĹŠ$.-".ĹŠ04#ĹŠ/."1~ ĹŠ43(+(9 12#ĹŠ / 1 ĹŠ+ ĹŠ#,/1#2 ĹŠ/Ă&#x152; +(! ĹŠ"#ĹŠ341(2,.Ä&#x201C;ĹŠ 8#1ĹŠ2#ĹŠÄ&#x192;ĹŠ1,¢Ŋ4-ĹŠ!.-5#-(.Ä&#x201C;ĹŠ

.-23148#-ĹŠ +! -3 1(++ ".

$ BW lÂ&#x2021;W Z[ WYY[ie

W bWi Yeckd_ZWZ[i Z[ IWd C_]k[b o bW 8WdZW i[ l[ kd jWdje b_c_jWZe feh bei jhW# XW`ei Z[ c[`ehWc_[dje gk[ h[Wb_pWd [d [b i[Yjeh Z[ IWd @eiÂ&#x192;$ Bei YedZkYjeh[i Z[X[d jecWh fh[YWkY_Â&#x152;d fWhW cel_b_pWhi[ feh [ij[ bk]Wh" ZedZ[ i[ Ykcfb[ bW eXhW Z[ h[WZ[YkWY_Â&#x152;d Z[b i_ij[cW Z[ WbYWdjWh_bbWZe$

ĹŠ Ä&#x203A;ĹŠ Kd [cej_le h[Y_X_#

c_[dje h[Y_X_Â&#x152; HeZeb\e I|[dp" [cXW`WZeh Z[ L[d[pk[bW" gk_[d bb[]Â&#x152; W bW 9_kZWZ feh bW FWp" fWhW i[bbWh lWh_ei Yedl[d_ei$ ;b Z_fbe# c|j_Ye Xeb_lWh_Wde hWj_\_YÂ&#x152; ik Yecfhec_ie Yed [b YWdjÂ&#x152;d o Ă&#x2019; h# cÂ&#x152; kd Yedl[d_e Z[ Yeef[hWY_Â&#x152;d fWhW bW <[h_W Z[b 9k[he Z[ bW YkWb I|[dp \k[ decXhWZe fWZh_de Z[ ^edeh$ FWhj_Y_fÂ&#x152; WZ[c|i [d bW [nfei_Y_Â&#x152;d Z[ bW fhefk[ijW fWhW \ec[djWh bW WYj_l_ZWZ jkhÂ&#x2021;ij_YW [d 9ejWYWY^_$ BW [cfh[iW fÂ&#x2018;Xb_# YW Z[ jkh_ice [nfkie [b fheo[Yje Z[ Wfeoe gk[ ikf[hW [b c_bbÂ&#x152;d Z[ ZÂ&#x152;bWh[i$ FWhW [b Z_fbec|j_Ye Xeb_lWh_W# de" 9ejWYWY^_ [i kd YWdjÂ&#x152;d ^_i#

jÂ&#x152;h_Ye feh [b fWie Z[b b_X[hjWZeh .,#-3.ĹŠ"#+ĹŠ341(2,.ĹŠ I_cÂ&#x152;d 8ebÂ&#x2021;lWh o IkYh[$ 7Z[c|i" KdW h[kd_Â&#x152;d W fk[hjW Y[hhWZW ^WXbÂ&#x152; Z[ ik Yecfhec_ie [d jeh# cWdjkl_[hed bei [Z_b[i YejWYW# de W bei h[Ykhiei Z[b \ed# Y^[Â&#x2039;ei o h[fh[i[djWdj[i Ze Z[ Yeef[hWY_Â&#x152;d [djh[ ĹŠĹŠ Z[ bW ;cXW`WZW Z[ L[d[# ;YkWZeh o L[d[pk[bW$ H[# pk[bW$ YWbYÂ&#x152; bW d[Y[i_ZWZ Z[ kd 7bXW J[h|d" ][h[dj[ .8ĹŠ"#2"#ĹŠ3#,Äą Z[ bW [cfh[iW fÂ&#x2018;Xb_YW Z[ _dj[hYWcX_e febÂ&#x2021;j_Ye$ /1 -.ĹŠ#+ĹŠ :edWh|d _dijhkc[djei , ) ".1ĹŠ Jkh_ice" [nfb_YÂ&#x152; gk[ bW cki_YWb[i o YeehZ_dWh|d #-#9.+ -.ĹŠ2 +Äą "1;ĹŠ' !( ĹŠ+ ĹŠ9.- ĹŠ fhÂ&#x152;n_cW i[cWdW cWd# Wfeoe fWhW bW fh[i[djW# "#ĹŠ}-3 %ĹŠ/ 1 ĹŠ j[dZh|d kdW h[kd_Â&#x152;d Yed !.-.!#1ĹŠĹŠ+ 2ĹŠ3#1Äą Y_Â&#x152;d Z[ Whj_ijWi l[d[pebW# , 2ĹŠ"#ĹŠ -%4+5~ĹŠ [b f[hiedWb jÂ&#x192;Yd_Ye fWhW dei [d bW \[h_W Z[b Yk[he$ 8ĹŠ#+ĹŠ ++#ĹŠ YWdWb_pWh [b Wfehj[$ Ă&#x2020;BW 4 31./(! +Ä&#x201C;ĹŠ Ă&#x2020;9ejWYWY^_ [ij| [d bW hkjW l_i_jW Z[b ;cXW`WZeh dei Z[ bei b_X[hjWZeh[i" [i kdW WXh[ bWi fk[hjWi fWhW kdW hkjW jkhÂ&#x2021;ij_YW fWhW gk[ gk_[d[i be l_jh_dW jkhÂ&#x2021;ij_YW fk[i ^Wo [b _d# l_i_j[d i[fWd feh ZedZ[ [ijkle j[hÂ&#x192;i Z[ Ă&#x2019; dWdY_Wh dk[ijhei fhe# [b b_X[hjWZeh o ik fWie feh [ijei o[YjeiĂ&#x2021; ckd_Y_f_eiĂ&#x2021;" _dZ_YÂ&#x152;$ KdW Z[ bWi fhefk[ijWi gk[

/(#Â&#x161;(Ĺ&#x2039; )(Ĺ&#x2039; #& )-Ĺ&#x2039; .1.ĹŠ"#ĹŠ5##"41~ 2

_$ FWhW [b (' Z[

[d[he [ij| fh[l_ijW bW h[Wb_# pWY_Â&#x152;d Z[ kd \ehe WX_[hje [d [b j[cW Z[ Yedjheb ieY_Wb$ 7b cec[dje i[ ^WY[d bei Yed# jWYjei Yed bei fei_Xb[i fWhj_# Y_fWdj[i$ 7Z[c|i \ehcWh|d fWhj[ Z[b Z[XWj[ f[hied[hei Z[ bW I[Yh[jWhÂ&#x2021;W Z[ Fk[Xbei o 9edjheb IeY_Wb gk[ Xh_d# ZWh|d iki YedeY_c_[djei [d jehde Wb j[cW$

ĹŠÄ&#x203A;ĹŠ>eo W bWi '*0&& [d bW

YWiW YeckdWb Z[ BW CW]ZWb[dW 8W`e cWdj[dZh|d kdW h[kd_Â&#x152;d bei h[fh[i[djWdj[i Z[ bei YWX_b# Zei Z[ bW fWhhegk_W =WhYÂ&#x2021;W Ce# h[de" bW fh[i_Z[djW Z[ bW @kdjW FWhhegk_Wb o jÂ&#x192;Yd_Yei Z[b YWdjÂ&#x152;d$ ;b eX`[j_le [i YedeY[h Z[ fh_c[# hW cWde bW _dj[hl[dY_Â&#x152;d gk[ h[W# b_pWh|d Yed [b fh[ikfk[ije ck# d_Y_fWb [d [iW fWhhegk_W _dj[Â&#x2039;W o bWi beYWb_ZWZ[i gk[ h[Y_X_h|d eXhWi ZkhWdj[ [ij[ WÂ&#x2039;e$ 7Z[c|i Wfhel[Y^Wh|d bW fh[i[dY_W fWhW

>Wo jejWb Z_ifei_Y_Â&#x152;d Z[ Wfe# oWh [d bW fhefk[ijW jkhÂ&#x2021;ij_YW feh be gk[ XkiYWh|d bei fhe]hWcWi l[d[pebWdei gk[ Yedjh_XkoWd Yed [b YWdjÂ&#x152;d$

ÂĄ Ä&#x201C;ĹŠ 2ĹŠ!.,4-(" "#2ĹŠ"#ĹŠ 1!~ ĹŠ .1#-.ĹŠ!.-.!#1;-ĹŠ04#ĹŠ. 1 2ĹŠ 1#!( (1;-ĹŠ#-ĹŠ#23#ĹŠÄ&#x2030;Ä&#x2021;Ä&#x2C6;Ä&#x2030;Ä&#x201C;

[djh[]Wh ceX_b_Wh_e [d _dij_jk# Y_ed[i [ZkYWj_lWi Z[ bei Y[djhei feXbWZei Z[ jh[i fWhhegk_Wi Z[ bW pedW Yece F[Â&#x2039;W^[hh[hW" 7fk[bW o =WhYÂ&#x2021;W Ceh[de$

& (#ðĹ&#x2039; (Ĺ&#x2039; .)/,Ĺ&#x2039;* , Ĺ&#x2039; 2., ($ ,)-Ĺ&#x2039; , -# (. -Ĺ&#x2039;

ĹŠÄ&#x203A;ĹŠ;d l_ijW Z[ gk[ [b YWd# jÂ&#x152;d i[ ^W Yedl[hj_Ze [d kde Z[ bei bk]Wh[i fh_l_b[]_WZei fWhW bW h[# i_Z[dY_W Z[ [njhWd`[hei `kX_bWZei WdWb_pWd bW Yh[WY_Â&#x152;d Z[ kdW hkjW jkhÂ&#x2021;ij_YW fWhW [ij[ ]hkfe [if[YÂ&#x2021;# Ă&#x2019; Ye gk[ i[ [dYk[djhW Wi[djWZe [d bW pedW WdZ_dW" khXWdW [ Ă&#x17E;djW]$ Be gk[ fhefed[d [i fej[dY_Wh bei

Ä&#x201C;ĹŠ -ĹŠ#+ĹŠ,.-4,#-3.ĹŠ ĹŠ .+~5 1ĹŠ04#ĹŠ2#ĹŠ#-!4#-31 ĹŠ#-ĹŠ+.2ĹŠ #73#1(.1#2ĹŠ"#ĹŠ+ ĹŠ! 2 ĹŠ,4-(!(/ +ĹŠ"#ĹŠ .3 ! !'(Ä&#x201D;ĹŠ+ ĹŠ , ) " ĹŠ!.+.!¢Ŋ4- ĹŠ .$1#-" ĹŠÄ&#x201E;ĹŠ.1 +Ä&#x201C;ĹŠ

]kijÂ&#x152; ckY^e \k[ bW Z[ jkh_ice _dYbko[dj[ fWhW bWi f[hiedWi Yed Z_iYWfWY_ZWZ gk[ i[ h[Wb_pWh| [d bW bW]kdW Z[ 9k_YeY^W$

ÂĄ Ä&#x201C;ĹŠ .2ĹŠ#731 -)#1.2ĹŠ2#ĹŠ !.Äą /+ -ĹŠ1;/(" ,#-3#ĹŠ ĹŠ4-ĹŠĹŠ-4#5.ĹŠ#23(+.ĹŠ "#ĹŠ5(" ĹŠ#-ĹŠ .3 ! !'(Ä&#x201C;ĹŠ

WjhWYj_lei dWjkhWb[i Yed bei gk[ Yk[djW [b YWdjÂ&#x152;d o W jhWlÂ&#x192;i Z[ [ije [d]WdY^Wh W dk[lei h[i_Z[dj[i gk[ jWcX_Â&#x192;d [ijWhÂ&#x2021;Wd _dj[h[iWZei [d bb[]Wh W hWZ_YWhi[ [d bW Y_kZWZ$ KdW Wcfb_W Yeckd_ZWZ [n# jhWd`[hW" ieXh[jeZe Z[ bW j[hY[hW [ZWZ [dYedjhWhed [d 9ejWYWY^_ [b Z[ij_de f[h\[Yje$


+# )#ĹŠ#-ĹŠ#+ĹŠ+ %.ĹŠ -ĹŠ +.

ĹŠ"($#1#-!( ĹŠ"#+ĹŠ, 13#2ĹŠ8ĹŠ,(_1!.+#2Ä&#x201D;ĹŠ 8#1ĹŠ+ ĹŠ3#,/#1 341 ĹŠ#-ĹŠ#+ĹŠ+ %.ĹŠ -ĹŠ +.ĹŠ )¢Ä&#x201D;ĹŠ2#ĹŠ! +!4+¢Ŋ04#ĹŠ+ 2ĹŠ %4 2ĹŠ3#-"1~ -ĹŠÄ&#x2019;ĹŠ%1 ".2ĹŠ!#-3~%1 ".2Ä&#x201C;ĹŠ "#,;2ĹŠ2#ĹŠ2(-3(¢Ŋ 1(2 2ĹŠ'#+ " 2ĹŠ8ĹŠ.+# )#Ä&#x201C;ĹŠ .2ĹŠ!.,4-#1.2ĹŠ#23 -ĹŠ/1#.!4/ ".2ĹŠ04#ĹŠ+ 2ĹŠ3 1# 2ĹŠ"#ĹŠ1#2! 3#ĹŠ2#ĹŠ242/#-" -ĹŠ/.1ĹŠ#+ĹŠ, +ĹŠ!+(, Ä&#x201C;ĹŠ #1.ĹŠ+.2ĹŠ1#2! 3(23 2ĹŠ !+ 1 1.-ĹŠ04#ĹŠ #23.ĹŠ-.ĹŠ(,/#"(1;ĹŠ+.2ĹŠ31 ).2Ä&#x201C;ĹŠ (#3#ĹŠ ., #1.2ĹŠ3 , (_-ĹŠ /.8 -ĹŠ#-ĹŠ+ 2ĹŠ+ .1#2ĹŠ"#ĹŠ1#2! 3#Ä&#x201D;ĹŠ2#ĹŠ341- -ĹŠ/ 1 ĹŠ(-%1#2 1ĹŠ +ĹŠ %4 Ä&#x201C;ĹŠ -ĹŠ%#-" 1,#ĹŠ"#ĹŠ+ ĹŠ ĹŠ"#ĹŠ 4#13.ĹŠ

%.ĹŠ3 , (_-ĹŠ/#1, -#!#ĹŠ#-ĹŠ#+ĹŠ2(3(.ĹŠ"#ĹŠ./#1 !(.-#2Ä&#x201C;

Ĺ? Ä Ä&#x192;Ĺ? Ĺ? Ĺ?Ä&#x201A;Ä&#x20AC;Ä Ä&#x201A;

Ĺ? +. Ĺ? ÄĄ

Ä&#x160;

Ä&#x201C;ĹŠ 2ĹŠ04# 1 " 2ĹŠ2.-ĹŠ 43(+(9 " 2ĹŠ!.,.ĹŠ! ,(-.2ĹŠ3 -3.ĹŠ"#ĹŠ /#12.- 2ĹŠ!.,.ĹŠ"#ĹŠ -(, +#2Ä&#x201C;ĹŠ

& ' (Ĺ&#x2039;*),Ĺ&#x2039; . ( #Â&#x161;(Ĺ&#x2039; (Ĺ&#x2039; )'/(# -Ĺ&#x2039; Ĺ&#x2039; (Ĺ&#x2039; &

# (Ĺ&#x2039; &Ĺ&#x2039; #. Ĺ&#x2039; ' /, Ĺ&#x2039; +/ Ĺ&#x2039; 0/ &0 Ĺ&#x2039; Ĺ&#x2039; 3-# #&3 ÂĄ Ä&#x201C;ĹŠ .2ĹŠ!.,4-#1.2ĹŠ#23;-ĹŠ/#-"(#-3#2ĹŠ"#ĹŠ +%4- ĹŠ 84" ĹŠ04#ĹŠ/4#"#-ĹŠ" 1ĹŠ ĹŠ+.2ĹŠ1#2! 3(23 2Ä&#x201C;ĹŠ -ĹŠ +%4- 2ĹŠ"(1#!31(!#2ĹŠ2. 1#ĹŠ+ 2ĹŠ!.-"(!(.-#2ĹŠ"#ĹŠ+ 2ĹŠ %4 2Ä&#x201C;

8#1ĹŠ3 ,/.!.ĹŠ2#ĹŠ/4".ĹŠ1#2! 3 1ĹŠ#+ĹŠ !4#1/.ĹŠ"#ĹŠ+ ĹŠ-( Ŋ04#ĹŠ"#2 / 1#!(¢Ŋ#+ĹŠ +4-#2Ä&#x201C;ĹŠ ĹŠ Ă&#x152;204#" ĹŠ(-(!(¢Ŋ ĹŠ+ 2ĹŠÄ&#x2C6;Ä&#x2C6;Ä&#x2013;Ä&#x2030;Ä&#x2021;Ä&#x201C; Â&#x161; Pe_bW 9^Wb|d" cWZh[ Z[ :[oi_X_bo" gk_[d Z[iWfWh[Y_Â&#x152; [d [b bW]e IWd FWXbe" f_Z_Â&#x152; W bW cWcW OWY^Wa Z[ bW Yeckd_ZWZ Z[ IWd C_]k[b 8W`e h[Wb_Y[ kdW

Y[h[ced_W WdY[ijhWb" fWhW gk[ [b JW_jW ?cXWXkhW Yece Zk[Â&#x2039;e Z[ bWi W]kWi o bei cedj[i Z[ bW fWhhegk_W IWd FWXbe" Z[lk[blW [b Yk[hfe Z[ bW d_Â&#x2039;W$

:[`Whed [d bWi eh_bbWi Z[b bW]e" fWfWi YeY_dWZWi Yed febbe o Yk# o[i WiWZei" ^_[hXWi WdY[ijhWb[i o Ă&#x201C;eh[i" _dYbkie Xej[bb_jWi Z[ b_Yeh" [ie [i be gk[ b[ ]kijW Wb cedj[ jkj[bWh" Z_`[hed bei Yeckd[hei$ BW XÂ&#x2018;igk[ZW Z[ bei Xkpei Z[b =E;" Wo[h _d_Y_Whed bWi bWXeh[i Z[ h[iYWj[ W bWi ''0(&" fehgk[ [b YecXkij_Xb[ Z[b Xej[ gk[ fh[ijÂ&#x152; Fk[hje BW]e i[ gk[ZÂ&#x152; i_d Yec#

Xkij_Xb[" WZ[c|i jkl_[hed gk[ fh[fWhWh jeZei bei [gk_fei Z[ h[iYWj[" fWhW jhWXW`Wh i_d fhe# Xb[cWi" [ije Z[cehÂ&#x152; bWi bWXeh[i Z[ h[YWj[$ C_[djhWi" ik fWZh[ @kWd ?pW# cW" WYed]e`WZe" Z_`e gk[ de iW# XÂ&#x2021;W gk[ fWiWXW" feh gkÂ&#x192; i[ Z[# cehWXW bW XÂ&#x2018;igk[ZW" be Â&#x2018;d_Ye gk[ b[ bb[]Â&#x152; W iki eÂ&#x2021;Zei [i gk[ i[ gk[ZWhed i_d ]Wieb_dW$

/4)-Ĺ&#x2039; )(Ĺ&#x2039; , & 0)Ĺ&#x2039;

+,4#19.ĹŠ!.,4-(3 1(. ĹŠ ĹŠ Ä&#x2013;ĹŠ ĹŠ

ĹŠ2.+(" 1(" "ĹŠ"#ĹŠ+.2ĹŠ!.,4-#1.2ĹŠ2#ĹŠ"#,4#231 ĹŠ!.-ĹŠ+ ĹŠ#-31#% ĹŠ"#ĹŠ +(,#-3.2Ä&#x201D;ĹŠ% 2#.2 2ĹŠ04#ĹŠ1#!( #-ĹŠ+.2ĹŠ/ "1#2ĹŠ"#ĹŠ #82( (+8Ä&#x201D;ĹŠ/#1.ĹŠ+ ĹŠ !.,(" ĹŠ-.ĹŠ+ ĹŠ%4 1" -Ä&#x201D;ĹŠ2(-.ĹŠ04#ĹŠ+ ĹŠ!.,/ 13#-ĹŠ!.-ĹŠ+ 2ĹŠ/#12.- 2ĹŠ 04#ĹŠ#23;-ĹŠ/1#2#-3#2ĹŠ#-ĹŠ -ĹŠ (%4#+ĹŠ ).Ä&#x201C;ĹŠ 8#1Ä&#x201D;ĹŠ4- 2ĹŠÄ&#x160;Ä&#x2021;ĹŠ/#12.- 2ĹŠ 2#ĹŠ2(15(#1.-ĹŠ#-ĹŠ#+ĹŠ +,4#19.ĹŠ4-ĹŠ/.3 )#ĹŠ!.-ĹŠ/1."4!3.2ĹŠ -"(-.2Ä&#x201C;

Bei Xkpei Z[b =E; gk[ bb[]W# hed Z[iZ[ Gk_je j[dZh|d h[b[le fehgk[ de fk[Z[d f[hcWd[Y[h feh ckY^e j_[cfe XW`e [b W]kW" [b [gk_fe gk[ bb[]Â&#x152; [b cWhj[i i[# hÂ&#x2021;W h[b[lWZe ^eo" bb[]Wh|d ejhei YecfWÂ&#x2039;[hei$ 7dZhÂ&#x192;i JWcWoe" `[\[ Z[b ef[# hWj_le Z[b [gk_fe Z[ XÂ&#x2018;igk[ZW o h[iYWj[ Z[b =hkfe Z[ Ef[hW# Y_ed[i ;if[Y_Wb[i Z[ bW Feb_YÂ&#x2021;W DWY_edWb" Z_`e gk[ YeehZ_dWd bW bb[]WZW Z[ kd ^[b_YÂ&#x152;fj[he$ Bei Xkpei hWijh_bbWhed [b i[Z_# c[dje W bWi eh_bbWi Z[b bW]e IWd FWXbe" Yed [ij[ jhWXW`e Z[iYWhjW# h|d e YedĂ&#x2019;hcWh|d i_ [b Yk[hfe Z[ bW d_Â&#x2039;W [ij| XW`e [b beZe o [i# YecXhei gk[ ^Wo [d [b W]kW$

Beh[dpe CWbZedWZe" cehW# Zeh Z[ bW Yeckd_ZWZ Z[ IWd C_]k[b 8W`e" Z_`e gk[ [d [ij[ i[Yjeh ^Wo jh[i gk[XhWZWi" bW _i^jWd]e ^kWoYe" Y^Wgk_i^aW ^kWoYe o ^kW`Wdae ^kWoYe o Wi[]khÂ&#x152; gk[ [d jeZei bei _d# l_[hdei i_[cfh[ ^Wo fheXb[# cWi" fehgk[ i[ _dkdZWd bWi l_l_[dZWi$ FWhW CWbZedWZe bW iebk# Y_Â&#x152;d i[hÂ&#x2021;W [b [cXel[ZWZe Z[ bWi gk[XhWZWi" f[he [if[hW gk[ bWi Wkjeh_ZWZ[i Z[d kdW iWb_ZW jÂ&#x192;Yd_YW fWhW gk[ de ikY[ZWd c|i Z[iWijh[i$ 7 c|i Z[ bWi YWiWi _dkdZW# ZWi bei i[cXhÂ&#x2021;ei ik\h[d bW _d# Yb[c[dY_W Z[b j_[cfe" Z_`e gk[ [ij|d Z_ifk[ijei W YebWXehWh Yed bei jhWXW`ei gk[ h[Wb_Y[d bWi Wkjeh_ZWZ[i$ Bei Yeckd[# hei ieb_Y_jWd W bWi Wkjeh_ZWZ[i Wb]kdW iWb_ZW Wb fheXb[cW$

Ä&#x201C;ĹŠ +ĹŠ/ "1#ĹŠ"#ĹŠ #82( (+8ĹŠ+#ĹŠ%423 1~ ĹŠ04#ĹŠ+#ĹŠ 84"#-ĹŠ#-ĹŠ +%Ă&#x152;-ĹŠ/1.8#!3.ĹŠ/1.Äą "4!3(5.Ä&#x201C;

, -Ĺ&#x2039; Ĺ&#x2039; (#Â&#x2DC; Ĺ&#x2039;-)(Ĺ&#x2039; !,# /&.), -

ÄĄ 8ĹŠ+ ĹŠ/.2( (+(" "ĹŠ 04#ĹŠÄ&#x201E;.3#ĹŠ#+ĹŠ!4#1/.Ä&#x201D;ĹŠ "#2"#ĹŠ#+ĹŠ (1#ĹŠ2#ĹŠ/4#"#ĹŠ "(5(2 1ĹŠ!.-ĹŠ, 8.1ĹŠ $ !(+(" "Ģ ^ ĹŠ

ĹŠ ĹŠ

@kWd ?pWcW" fWZh[ Z[ bW :[o# i_X_bo" YedjÂ&#x152; gk[ [b Â&#x2018;d_Ye ikij[dje [i bW W]h_YkbjkhW" de j_[d[ j[hh[dei" Whh_[dZW fWhW i[cXhWh bei fheZkYjei Z[ j[cfehWZW$ :_`e gk[ j_[# d[ jh[i lWYWi" Z[ kdW Z[ [bbWi eXj_[d[ Z[ Zei W jh[i b_jhei Z_Wh_ei" gk[ b[ i_hl[d fWhW [b ikij[dje Z[ ik \Wc_b_W$ ;b bkd[i [ijWXWd Yed ik [ifeiW [d bWi jWh[Wi W]hÂ&#x2021;Ye# bWi" fehgk[ j_[d[ [d Whh_[dZe kdW c[Z_W ^[Yj|h[W Z[ j[hh[# de" c_[djhWi Yedl[hiW Yed [ij[ c[Z_e Z[ Yeckd_YWY_Â&#x152;d ik lep i[ [djh[YehjW feh bW jh_ij[pW gk[ b[ W]eX_W$


Ĺ? Ĺ?

Ĺ?

Ä Ä&#x20AC;

Ĺ? Ä Ä&#x192;Ĺ? Ĺ? Ĺ?Ä&#x201A;Ä&#x20AC;Ä Ä&#x201A;

Ĺ? +. Ĺ? ÄĄ

Ä&#x201C;ĹŠ .2ĹŠ.3 5 +#Â .2ĹŠ#2/#1 -ĹŠ 04#ĹŠ+ ĹŠ. 1 ĹŠ#23_ĹŠ+(23 Ä&#x201D;ĹŠ/#1.ĹŠ8 ĹŠ #,(3#-ĹŠ242ĹŠ!1(3#1(.2Ä&#x201C;

6-Ĺ&#x2039;*& 4)Ĺ&#x2039; * , Ĺ&#x2039; (., ! ,Ĺ&#x2039; &Ĺ&#x2039;* ,+/ ;b FbWpe fWhW bW [djh[]W Z[ bW eXhW Z[ h[^WX_b_jWY_Â&#x152;d Z[b fWhgk[ 8ebÂ&#x2021;lWh i[ Wcfb_Â&#x152; W '+ ZÂ&#x2021;Wi c|i$ BW _dl[hi_Â&#x152;d Z[ [ijW eXhW [i Z[ -'- c_b ZÂ&#x152;bW# h[i$ ;b ?dij_jkje Z[ FWjh_ce# d_e 9kbjkhWb" YedeY_Â&#x152; Z[ bW h[^WX_b_jWY_Â&#x152;d Z[b fWhgk[$ ;b l_Y[WbYWbZ[ Z[b Ckd_Y_# f_e 7dÂ&#x2021;XWb 8ed_bbW" Z_`e gk[ [i Yecfh[di_Xb[ [b h[jhWie fehgk[ bWi bbkl_Wi de f[hc_# j_[hed gk[ bei jhWXW`ei i[ [`[# Ykj[d Yed dehcWb_ZWZ$ 7Z[c|i" @kWd =Â&#x152;c[p" Ă&#x2019; i# YWb_pWZeh Z[ bW eXhW" Z_`e gk[ [b /+ Z[ bW eXhW [ij| Yed# Ybk_ZW" f[he \WbjW Yecfb[jWh bWi _dijWbWY_ed[i [bÂ&#x192;Yjh_YWi o bkc_dWh_Wi$ ;ijWi Â&#x2018;bj_cWi i[ kX_YWh|d bW fhÂ&#x152;n_cW i[cW# dW$

Ä&#x201C;ĹŠÄ&#x2C6;Ä&#x2018;ĹŠ!(+(-"1.2ĹŠ"#ĹŠ% 2ĹŠ$4#1.-ĹŠ"#!.,(2 ".2ĹŠ 8#1Ä&#x201D;ĹŠ#-ĹŠÄ&#x2030;Ä&#x2021;ĹŠ+.! +#2Ä&#x201C;ĹŠ +ĹŠ2#15(!(.ĹŠ"#ĹŠ1#-3 2ĹŠ -3#1- 2ĹŠ3 , (_-ĹŠ5#1(Ä&#x192;ĹŠ!¢Ŋ+ ĹŠ$ !341 !(¢-Ä&#x201C;ĹŠ #!.,#-"¢Ŋ+ ĹŠ-#!#2(" "ĹŠ"#ĹŠ !34 +(9 1ĹŠ+ 2ĹŠ$ !341 2Ä&#x201C;

)'#- ,)( ! -Ĺ&#x2039; Ĺ&#x2039;/-)Ĺ&#x2039; )'Z-.# ) +ĹŠ!.-31.+ĹŠ04#ĹŠ2#ĹŠ1# +(9¢Ŋ 8#1ĹŠ! 2(ĹŠ2#ĹŠ 2 +#ĹŠ"#ĹŠ+ 2ĹŠ, -.2ĹŠ ĹŠ+ 2ĹŠ 43.1(" "#2Ä&#x201C;ĹŠ ĹŠ /1# 2.!( !(¢-ĹŠ"#ĹŠ1#23 41 -3#2ĹŠ#2/#1 ĹŠ

Ä&#x201C;ĹŠ ĹŠ(-3#-!(¢-ĹŠ#2ĹŠ04#ĹŠ+.2ĹŠ !.,#1!( -3#2ĹŠ"#+ĹŠÄ&#x2030;Ä&#x152;ĹŠ"#ĹŠ 8.ĹŠ 2# -ĹŠ/ 13#ĹŠ"#+ĹŠ-4#5.ĹŠ,#1! ".Ä&#x201D;ĹŠ +ĹŠ (%4 +ĹŠ04#ĹŠ+.2ĹŠ"#ĹŠ+ 2ĹŠ! ++#2Ä&#x201C;

-./ #)-Ĺ&#x2039; ðĹ&#x2039;(#.#0)-Ĺ&#x2039; &Ĺ&#x2039;(/ 0)Ĺ&#x2039; ' , )Ĺ&#x2039; 9ed kd fh[ikfk[ije Z[ Y_dYe c_bbed[i Z[ ZÂ&#x152;bWh[i [b Ckd_# Y_f_e Z[ EjWlWbe [cf[pWh| bW YedijhkYY_Â&#x152;d Z[b c[hYWZe$ FWhW [b fh_c[h jh_c[ijh[ j_[# d[d fbWd_Ă&#x2019; YWZe YedjWh Yed bei [ijkZ_ei Z[\_d_j_lei Z[ [ijW eXhW$ >Wo Z_ifei_Y_ed[i Z[iZ[ bW 7bYWbZÂ&#x2021;W fWhW gk[ jeZWi bWi _dijWdY_Wi ckd_Y_fW# b[i WY[b[h[d [b fheY[ie$ Bei f[hied[hei ckd_Y_fWb[i de Z[iYWhjWd bb[]Wh W WYk[hZei Yed bei l[dZ[Zeh[i Z[b (* Z[ CWoe [d [b jhWdiYkhie Z[ bei jhWXW`ei$

Ä&#x203A;ĹŠ Ă&#x2020;Iecei fk[Xbe" ZÂ&#x192;`[d#

dei jhWXW`WhĂ&#x2021;" ]h_jWXWd bei _dj[# ]hWdj[i Z[ bW fh[WieY_WY_Â&#x152;d Z[ h[ijWkhWdj[i Z[ j[hY[hW" YkWhjW o gk_djW YWj[]ehÂ&#x2021;W" YkWdZe [b f[h# iedWb Z[ bW 7][dY_W Z[ 9edjheb Z[ >_ZheYWhXkhei _d]h[iÂ&#x152; W bei beYWb[i Z[ l[djW Z[ Wb_c[djei fWhW YecfheXWh [b kie Z[ ]Wi _dZkijh_Wb$ ?dYbkie jkl_[hed kd Wbj[hYWZe Yed [b fh[i_Z[dj[ Z[ bW fh[Wie#

Y_WY_Â&#x152;d" ;Zm_d LWYW [d bW YWbb[ 8ebÂ&#x2021;lWh o Gk_je$ Ik beYWb Z[ l[d# jW Z[ febbei WiWZei" \k[ [b fh_# c[he gk[ _dif[YY_edWhed" WgkÂ&#x2021; [dYedjhWhed Zei jWdgk[i Z[ ]Wi _dZkijh_Wb" [i Z[Y_h Ykcfb_Â&#x152; Yed [b WYk[hZe Wb gk[ bb[]Whed Z[ kj_# b_pWh [b )& Z[ [ij[ fheZkYje o [b -& Z[ kie ZecÂ&#x192;ij_Ye$ ;d [ij[ c_ice i[Yjeh Z[Yec_iWhed jh[i jWdgk[i Z[ ]Wi$ ;b ef[hWj_le Z[ Yedjheb i_#

]k_Â&#x152; feh bW YWbb[ 8ebÂ&#x2021;lWh" f[he bei |d_cei i[ YWbZ[Whed" c[Z_Wdj[ Y[bkbWh[i i[ Yeckd_YWXWd bei fhef_[jWh_ei Z[ beYWb[i Z[ l[djW Z[ Yec_ZW" fWhW gk[ jec[d bWi fh[YWkY_ed[i Z[b YWie" _dYbkie b[i f[ZÂ&#x2021;Wd gk[ Y_[hh[d bWi fk[h# jWi Z[ bei h[ijWkhWdj[i$ Feh [b fWhgk[ 8ebÂ&#x2021;lWh oW ik# cWXWd kdWi -& f[hiedWi$ 7b fW# h[Y[h fWhW gk[ de i[ lWoW Z[ bWi cWdei bW i_jkWY_Â&#x152;d" Z[Y_Z_[hed ikif[dZ[h [b Yedjheb$ .ĹŠ' 8ĹŠ!..1"(- !(¢LWYW" _dYh[fÂ&#x152; Yed bWi Wkjeh_ZW# Z[i" fehgk[ i[]Â&#x2018;d Â&#x192;b bWi Wkje# h_ZWZ[i Z[ >_ZheYWhXkhei de

WYjÂ&#x2018;Wd Yed fhkZ[dY_W" i_de Yed fh[fej[dY_W$ 7Â&#x2039;WZ_Â&#x152; gk[ Z[ bei i[_i beYWb[i gk[ f[hj[d[Y[d W bW fh[WieY_W# Y_Â&#x152;d de i[ bb[lWhed d_d]Â&#x2018;d jWd# gk[ Z[ ]Wi$ 7dZhÂ&#x192;i He`Wi" Yec_iWh_e DW# Y_edWb" Z_`e gk[ [b WYk[hZe i[ h[if[jÂ&#x152;" h[iWbjÂ&#x152; gk[ bei jh[i Y^_# \Wi gk[ l_i_jWhed jhWXW`WXWd Yed ]Wi _dZkijh_Wb$ FWhW [b bkd[i cWdj[dZh|d kdW h[kd_Â&#x152;d Yed [b Z_h[Yjeh Z[ >_ZheYWhXkhei" bW 9ec_iWhÂ&#x2021;W DWY_edWb" ?dj[dZ[dY_W o h[fh[# i[djWdj[i Z[ bW fh[WieY_WY_Â&#x152;d" fWhW iebkY_edWh [b _cfWii[$

/$ ,Ĺ&#x2039; . (# Ĺ&#x2039;*),Ĺ&#x2039;,) ,Ĺ&#x2039; ., -Ĺ&#x2039;! &&#( -

;d bW Yeckd_ZWZ Z[ 9WiYe LW# b[dpk[bW Z[ bW fWhhegk_W Z[ IWd FWXbe j_[d[d bW Yedi_]Wd Z[ h[# j[d[h W YkWbgk_[h ieif[Y^eie Z[ heXWh Wb]e$ Feh [ie W bWi ')0)& Z[b c_Â&#x192;hYeb[i Wb[hjWhed W bei Yeck# d[hei Z[ gk[ Wb]k_[d [ij| c[he# Z[WdZe feh [b i[Yjeh$ KdW ck`[h \k[ h[j[d_ZW" kd ^ecXh[ gk_[d i[hÂ&#x2021;W ik [ifeie \k]Â&#x152; Z[b bk]Wh$ 7o[h" W bWi '-0&& i[ _d_Y_Â&#x152; bW WiWcXb[W Yed bei Z_# h_][dj[i Z[ bWi '( Yeckd_ZWZ[i

gk[ Yed\ehcWd bW fWhhegk_W" [ie fWhW `kp]Wh W bW ck`[h" gk_[d \k[ h[Ybk_ZW [d kdW Y[bZW gk[ [n_ij[ [d bW YWiW YeckdWb$ BW i[Â&#x2039;ehW h[j[d_ZW [i Z[ kdei ,& WÂ&#x2039;ei Z[ [ZWZ" Z_`e gk[ [i bW Yeckd_ZWZ bW 9ecfWÂ&#x2039;Â&#x2021;W" [ijW# XW _djhWdgk_bW feh ik h[j[dY_Â&#x152;d$ Bei Yeckd[hei bW WYkiWXWd Z[ j[d[h jh[i ]Wbb_dWi o kdWi j_`[hWi ]hWdZ[i" ikfk[ijWc[dj[ fWhW Z[b_dgk_h$

Ä&#x201C;ĹŠ 8#1Ä&#x201D;ĹŠ ĹŠ+ 2ĹŠÄ&#x2C6;Ä&#x160;Ä&#x2013;Ä&#x2021;Ä&#x2021;Ä&#x201D;ĹŠ+.2ĹŠ!.,4-#1.2ĹŠ +(,#-3 1.-ĹŠ ĹŠ 4 - ĹŠ Ä&#x201C;Ä&#x201D;ĹŠ04(#-ĹŠ #23 ĹŠ!. () " ĹŠ!.-ĹŠ4-ĹŠ!' +ĹŠ 94+Ä&#x201C;


Ä&#x2C6;Ä&#x2021;ĹŠ1 9.-#2ĹŠ/ 1 ĹŠ !.,#1ĹŠ04~-.

Â&#x192; Ĺ? Ä Ä&#x192;Ĺ? Ĺ? Ĺ?Ä&#x201A;Ä&#x20AC;Ä Ä&#x201A;

Ĺ? +. Ĺ? ÄĄ

Ä Ä

BW gkÂ&#x2021;deW ^W i_Ze [j_gk[jWZW h[Y_[dj[c[dj[ feh ckY^ei dk# jh_Â&#x152;be]ei Yece kd iÂ&#x2018;f[h Wb_c[d# je$ I_ de [ijWXWi [dj[hWZW Z[ bei X[d[Ă&#x2019; Y_ei gk[ fk[Z[i eXj[d[h Wb Yedikc_h [ij[ ]hWde" W^ehW l[h[cei Wb]kdei Z[ [bbei0 '$# BW fhej[Â&#x2021;dW gk[ e\h[Y[ bW gkÂ&#x2021;deW [i Z[ cko Xk[dW YWb_ZWZ1 feh [ijW hWpÂ&#x152;d" [ij[ Wb_c[dje ^W ]WdWZe fefkbWh_ZWZ Z[djhe Z[ bWi f[hiedWi l[][jWh_WdWi e Wgk[bbWi gk[ XkiYWd Wbj[hdWj_# lWi fWhW ikij_jk_h [b Yedikce Z[ YWhd[$ >Wo [ijkZ_ei dkjh_# Y_edWb[i gk[ Wi[]khWd gk[ [ij[ Wb_c[dje fk[Z[ h[[cfbWpWh [b Yedikce Z[ bW YWhd[ o bW b[Y^[$ ($# Feh ik Wbje Yedj[d_Ze Z[ Ă&#x2019; XhW Z_[jÂ&#x192;j_YW" i[ b[ Wjh_Xko[d fhef_[ZWZ[i fWhW YedjhebWh [b f[ie" fk[i WokZW W [b_c_dWh jen_dWi WYjkWdZe Yece kd Z[#

fkhWZeh Z[b Yk[hfe$ J_[d[ bW fhef_[ZWZ Z[ WXiehX[h W]kW fheZkY_[dZe kdW i[diWY_Â&#x152;d Z[ iWY_[ZWZ" Z[ [ijW \ehcW WokZW W Wb[`Wh [b Wf[j_je$ )$# =hWY_Wi W ik Yedj[d_Ze Z[ |Y_Zei ]hWiei ec[]W ) o ec[]W ," j_[d[ fhef_[ZWZ[i fWhW [b[# lWh [b Yeb[ij[heb Xk[de >:B o Wb c_ice j_[cfe XW`W [b cWbe B:B $ *$# '&& ]hi$ Z[ [ij[ cWhWl_# bbeie ]hWde WdZ_de j[ fk[Z[d WfehjWh )+& YWbehÂ&#x2021;Wi" '( ]hi$ Z[ fhej[Â&#x2021;dW" , ]hi$ Z[ ]hWiWi" +) ]hi$ Z[ ^_ZhWjei Z[ YWhXede" -$. ]hi$ Z[ Ă&#x2019; XhW Z_[jÂ&#x192;j_YW" l_jWc_dWi 7" 9" ;" j_Wc_dW o h_XeĂ&#x201C; Wl_dW o c_d[hWb[i p_dY" ^_[hhe" cWd# ]Wd[ie" fejWi_e" YWbY_e [djh[ ejhei $ +$# CkY^ei [ijkZ_ei ^Wd YecfheXWZe gk[ bW gkÂ&#x2021;deW Yed# j_[d[ Ă&#x2019; je[ijhÂ&#x152;][dei [d YWdj_ZW# Z[i [b[lWZWi" cej_le feh [b YkWb h[ikbjW kd Wb_c[dje gk[ WokZW W YecXWj_h bW eij[efehei_i$ ,$# ;djh[ bei c_d[hWb[i gk[ Yedj_[d[ [dYedjhWcei kdW _c# fehjWdj[ YWdj_ZWZ Z[ b_j_e" [b YkWb [i [i[dY_Wb fWhW c[`ehWh bei [ijWZei Z[fh[i_lei Z[ kdW cWd[hW dWjkhWb o feh ikfk[ije de fh[i[djW d_d]kdW YedjhW_d# Z_YWY_Â&#x152;d [d ik Yedikce$ -$# I_ ik\h[i Z[ YedijWdj[i Zebeh[i Z[ YWX[pW e _dYbkie c_# ]hWÂ&#x2039;Wi" _dYbk_h bW gkÂ&#x2021;deW [d jk Wb_c[djWY_Â&#x152;d fk[Z[ WokZWhj[ W gk[ Â&#x192;ijWi Z[iWfWh[pYWd oW gk[ Yedj_[d[ kd Wbje Yedj[d_Ze Z[ cW]d[i_e1 [ij[ c_d[hWb j_[d[ bW YWfWY_ZWZ Z[ h[bW`Wh bei lWiei

iWd]kÂ&#x2021;d[ei$ .$# 9edj_[d[ c_d[hWb[i Yece [b cWd]Wd[ie o [b YeXh[" gk[ `kdjei WYjÂ&#x2018;Wd Yece Wdj_en_ZWd# j[i o WokZWd Wb Yk[hfe W YecXW# j_h bei hWZ_YWb[i b_Xh[i gk[ fk[# Z[d YWkiWh Y|dY[h [d dk[ijhe eh]Wd_ice$ /$# 7b i[h b_Xh[ Z[ ]bkj[d" fk[Z[ i[h Yedikc_Ze Yed jhWd# gk_b_ZWZ feh f[hiedWi gk[ fh[# i[dj[d Y[b_WgkÂ&#x2021;W$ '&$# Fk[Z[i fh[fWhWhbW jWdje [d fbWjei ZkbY[i Yece iWbWZei" \hÂ&#x2021;ei e YWb_[dj[i1 WgkÂ&#x2021; j[ Yec# fWhj_cei kdW h[Y[jW0 ;diWbWZW Z[ GkÂ&#x2021;deW ?d]h[Z_[dj[i0 ( jWpWi Z[ gkÂ&#x2021;# deW" * jWpWi Z[ W]kW" ' W]kWYWj[ [d YkWZh_jei" ( `_jecWj[i iW# bWZ[j [d YkWZh_jei" ( f[f_dei YehjWZei [d heZW`Wi Z[b]WZWi" Y[XebbÂ&#x2021;d f_YWZe" WY[_j[ Z[ eb_lW" `k]e Z[ b_cÂ&#x152;d" iWb o f_c_[djW Wb ]kije$ CeZe Z[ fh[fWhWh0 bWlW bW gkÂ&#x2021;deW o fed W ^[hl_h W]kW1 W]h[]W bW gkÂ&#x2021;deW o Z[`W YeY[h ^WijW gk[ i[ [lWfeh[ [b W]kW o bW gkÂ&#x2021;deW i[ WXbWdZ[1 i[fWhW bei ]hWdei Yed kd j[d[Zeh o ZÂ&#x192;`W# bei [d\h_Wh [d kdW [diWbWZ[hW1 W]h[]W [b W]kWYWj[" [b f[f_de" [b Y[XebbÂ&#x2021;d" [b `_jecWj[ o WZ[h[pW Yed [b WY[_j[ Z[ eb_lW" b_cÂ&#x152;d" iWb o f_c_[djW Wb ]kije$ Fk[Z[i kj_b_pWh [ijW [diWbWZW fWhW WYecfWÂ&#x2039;Wh febbe" f[iYWZe e YWhd[ WiWZW$ JhWjW Z[ _dYbk_h [ij[ Y[h[Wb [d jk Z_[jW" i_[cfh[ [i Xk[de fWhW [b eh]Wd_ice j[d[h lWh_[ZWZ [d be gk[ Yec[cei" j[ lW W ]kijWh$

)21'8(¡6 ÂŁ$35(1'( /$6 0Ă&#x2030;6 (;48,6,7$6 5(&(7$6 '( /$ &2&,1$ 1$&,21$/ ( ,17(51$&,21$/ &21 /26 (;3(5726 &+()6

)21'8(Â?6

352*5$0$6 '( (678',2 Â&#x2021; &+() (1 &2&,1$ ,17(51$&,21$/ Â&#x2021; &+() (1 3$67(/(5,$ < 3$1$'(5,$ Â&#x2021; &+() (1 $/7$ &2&,1$

Â&#x2021; $'0,1,675$'25 '( %$5 < 5(67$85$17(6

35Ă&#x2C6;&7,&26 "ÄľÄ&#x2030;Ä&#x152;Ä&#x2030;Ä&#x2030;Ä&#x2018;Äľ (

i eh_]_dWh_W Z[ bW h[]_Â&#x152;d 7dZ_dW F[hÂ&#x2018;" 8eb_l_W o ;YkW# Zeh " [d ZedZ[ i[ Ykbj_lWXW Z[iZ[ ^WY[ c|i Z[ )&&& WÂ&#x2039;ei" bei Yedgk_ijW# Zeh[i [ifWÂ&#x2039;eb[i bW Z[dec_dWhed Ă&#x2020;WhheY_bbe Wc[h_YWdeĂ&#x2021; e Ă&#x2020;jh_]e Z[ bei _dYWiĂ&#x2021;" feh ik fWh[Y_Ze Yed [b Whhep1 bW gkÂ&#x2021;deW [i jWd deXb[ gk[ i[ ZW [d pedWi [d ZedZ[ ejhei j_# fei Z[ Ykbj_lei de ikXi_ij[d$ Feh iki fhef_[ZWZ[i c[Z_Y_dWb[i [hW kj_b_pWZW fWhW jhWjWh Z_l[hiWi [d\[hc[ZWZ[i W\[YY_ed[i ^[f|# j_YWi" Yece WdWb]Â&#x192;i_Ye Z[djWb" Wd# j__dĂ&#x201C; WcWjeh_e" Y_YWjh_pWdj[" fWhW bWi lÂ&#x2021;Wi kh_dWh_Wi" [jY$ $

"ÄąÄ&#x2030;Ä&#x152;Ä&#x2030;Ä&#x2030;Ä?Äľ (

2ĹŠ4-ĹŠ%1 -.ĹŠ2(,(+ 1ĹŠ#-ĹŠ3#7341 ĹŠ8ĹŠ3 , Â .ĹŠ +ĹŠ 1Äą 1.9ĹŠ/#1.ĹŠ!.-ĹŠ-431(#-3#2ĹŠĂ&#x152;-(!.2Ä&#x201C;

7HOpIRQRV &HO 'LUHFFLyQ $OIRQVR $OPHLGD $QGUDGH 0DUtQ \ &ULVWyEDO *yPH] -XUDGR IUHQWH DO 6(&$3 ³3RUTXH SDUD QRVRWURV QR KD\ VHFUHWRV HQ OD DOWD FRFLQD´


āĂ

(1#ũ242ũ$.3.2ũ#-Ė 666ē+ '.1 ē!.,ē#!

ŏ āăŏ ŏ ŏĂĀāĂ

ŏ +. ŏ ġ

(,#ũ 1- ũ8ũ +$.-2.ũ .-3#-#%1.ũ

(#%.ũ 4(31¢-ũ"(1#!!(¢-ũ"#ũ +4"Ĕũ 423.ũ /( ũ "4! ".1ũ#2/#!( +ũ8ũ - ũ 1(23(- ũ #11#1 ũ (1#!3.1 ũ"#ũ "4! !(¢-ē

.- !(.-ũ "#ũ+#-3#2ũ / 1 ũ-( .2

ŋ #, #)( -ŋ ,)0#( # & -ŋ ŋ &/ ŋ3ŋ / # (ŋŋ ŋ 'Ě /, ŋ -ŋ (ŋ - / ,4)-ŋ* , ŋ &ŋ # ( -. ,ŋ ŋ&)-ŋ -./ # (. -Ąŋ (ŋ -. ŋ) -# (ŋ- ŋ, &#4 ,6ŋ& ŋ ŋ ŋ ŋ ŋ ŋĐ ŋ đŋ ŋ ŋ ŋ ŋ Ã Ą

.!3.1 ũ 13' ũ #-".9 ũ8ũ (!ēũ 1,#-ũ 22.-ē

4ũ (-%ũ # 2!.2ũ"(1#!3.1 ũ"#ũ+ ũ +4"ē

-31#% ũ"#ũ+#-3#2

-ũ#23 ũ! ,/ Ĕũ#-31#ũ.31 2ũ (-3#15#-!(.-#2ũ2#ũ1# +(9 1.-ũĈēććĉũ 1#5(2(.-#2ũ/ 1 ũ#5 +4 1ũ+ ũ %4"#9 ũ 5(24 +ũ"#ũ+.2ũ#2!.+ 1#2Ĕũ"#ũ+.2ũ!4 ı +#2ũĉĎĒũ/1#2#-3 1.-ũ/1. +#, 2ũ #-ũ24ũ5(2(¢-ũ/.1ũ+.ũ04#ũ1#04(1(#1.-ũ ".3 !(¢-ũ"#ũ+#-3#2ē

2'(-3.-ũ !.23 ũ8ũ ,(1.ũ + -!#-31.ēũ

-%#+ũ 23(++.ũ (1#!3.1ũ"#ũ "4! !(¢-ũ8ũ (+ 1ũ 3#2ũ)#$ ũ ",(-(231 3(5.


Â&#x192; Ä

0%!),+ (! 01. Ä Ä&#x2020;Ĺ?)%*Ä&#x2039;

#-4-!( ĹŠ#+ĹŠ (-(231.ĹŠ"#ĹŠ +4"

Ĺ?Ä Ä&#x192;Ĺ? Ĺ? Ĺ? Ĺ?Ä&#x201A;Ä&#x20AC;Ä Ä&#x201A;

Ĺ? +. Ĺ?

0# Ĺ&#x2039; "#,# )! Ä&#x2026;Ĺ&#x2039;, (/( #Â&#x161;Ĺ&#x2039; 3 ,Ĺ&#x2039; &Ĺ&#x2039; ,!)Ĺ&#x2039; Ĺ&#x2039; #(#-.,)Ĺ&#x2039; Ĺ&#x2039; &/ Ä&#x2026;Ĺ&#x2039;+/ Ĺ&#x2039; $ , #Â&#x161;Ĺ&#x2039; - Ĺ&#x2039; ,#&Ĺ&#x2039; Ĺ&#x2039;ßúÝúÄ&#x2026;Ĺ&#x2039; (Ĺ&#x2039;' #)Ĺ&#x2039; Ĺ&#x2039;/( Ĺ&#x2039;- ,# Ĺ&#x2039; Ĺ&#x2039; / -.#)( '# (.)-Ĺ&#x2039; Ĺ&#x2039;-/Ĺ&#x2039;! -.#Â&#x161;(Ĺ&#x2039;*),Ĺ&#x2039;& Ĺ&#x2039; &# Ĺ&#x2039; &Ĺ&#x2039;- ,0# #)Ĺ&#x2039;*Ă&#x201E; &# )Ĺ&#x2039;3Ĺ&#x2039;& Ĺ&#x2039; )'Ä&#x161; *, Ĺ&#x2039; Ĺ&#x2039;, (/( # -Ĺ&#x2039; Ĺ&#x2039; # (.)-Ĺ&#x2039; Ĺ&#x2039;'Z # )-Ä&#x2026;Ĺ&#x2039; ( ,' , -Ĺ&#x2039;3Ĺ&#x2039;., $ ), -Ĺ&#x2039; Ĺ&#x2039;& Ĺ&#x2039;- &/ Ä&#x201E; (Ĺ&#x2039;-/Ĺ&#x2039;, '*& 4)Ĺ&#x2039;. '*), &Ä&#x2026;Ĺ&#x2039;- !Ă&#x201E;(Ĺ&#x2039; /( Ĺ&#x2039; / (. Ĺ&#x2039; Ĺ&#x2039; -. Ĺ&#x2039; ,. , Ĺ&#x2039; Ĺ&#x2039; -. )Ä&#x2026;Ĺ&#x2039; +/ Â&#x161;Ĺ&#x2039;& Ĺ&#x2039;- , . ,# Ĺ&#x2039; Ĺ&#x2039; & (# # #Â&#x161;(Ä&#x2026;Ĺ&#x2039; ,#( Ĺ&#x2039; ( Ä&#x201E;Ĺ&#x2039; "#,# )! Ĺ&#x2039;-/-.#./Ä&#x161; 3Â&#x161;Ĺ&#x2039; Ĺ&#x2039; ,)&#( Ĺ&#x2039; " (!Ĺ&#x2039; &Ĺ&#x2039; , (. Ĺ&#x2039; &Ĺ&#x2039; #(#-. ,#)Ĺ&#x2039; Ĺ&#x2039; &/ Ä&#x201E;

, Ĺ&#x2039;, " 4)Ĺ&#x2039; Ĺ&#x2039; 2*, -#)( -Ĺ&#x2039; *, -# ( # & -Ĺ&#x2039; -) , Ĺ&#x2039;'/$ , ;b h[Y^Wpe Z[ kd i[Yjeh Z[ WiWcXb[Â&#x2021;ijWi [d jehde W bWi [n# fh[i_ed[i YWb_Ă&#x2019;YWZWi Yece Ă&#x2020;cW# Y^_ijWiĂ&#x2021; Z[b fh[i_Z[dj[" HW\W[b 9ehh[W" de Y[iW$ 7o[h" DÂ&#x2021;l[W LÂ&#x192;# b[p ?dZ " =hWY[ 7bc[_ZW 9D: " o jh[i eh]Wd_pWY_ed[i \[c_d_ijWi" hWj_Ă&#x2019;YWhed ik Ă&#x2020;_dZ_]dWY_Â&#x152;dĂ&#x2021; feh bW WĂ&#x2019;hcWY_Â&#x152;d Z[b CWdZWjWh_e" gk_[d cWd_\[ijÂ&#x152; gk[ [b (/ Z[ Z_# Y_[cXh[" ZkhWdj[ bW Y[dW Z[ Ă&#x2019;d Z[ WÂ&#x2039;e [d [b FWbWY_e Z[ =eX_[h# de" ^kXe b[]_ibWZehWi Ă&#x2020;Yed kdWi c_d_\WbZWi _cfh[i_edWdj[i $$$ oe de iÂ&#x192; i_ bW [gk_ZWZ Z[ ]Â&#x192;d[he c[`ehW bW Z[ceYhWY_W" be gk[ iÂ&#x2021; [i i[]khe [i gk[ bW \WhhW ^W c[# `ehWZe _cfh[i_edWdj[c[dj[Ă&#x2021;" [nfh[iÂ&#x152; 9ehh[W$ 1(3#1(.2

7bc[_ZW _dYbkie bWi YWb_Ă&#x2019;YÂ&#x152; Z[ Ă&#x2020;Z[iW\ehjkdWZWi o YeXWhZ[iĂ&#x2021; [d YedjhW Z[ bW Z_]# d_ZWZ Z[ bW ck# ĹŠ `[h [YkWjeh_WdW$ Ă&#x2020;Bb[lWcei oW +ĹŠ+4-#2ĹŠ!(1!4+¢Ŋ Y_dYe WÂ&#x2039;ei Z[ kd 4-ĹŠ!.,4-(! ".ĹŠĹŠ #-ĹŠ#+ĹŠ,(2,.ĹŠ2#-Äą Z_iYkhie f[hcW# 3(".ĹŠ"#ĹŠ+ ĹŠ#7ĹŠ ĹŠ d[dj[ YWh]WZe 1~ ĹŠ 4+ ĹŠ .,. Z[ _dikbjei" Xkh# bWi" Z[ilWbeh_pW# Y_ed[i" _d_Y_WZWi Yed kd Ă&#x2020;Âś:Wb[ 9ehh[W Ă&#x2021;" gk[ Yh[Â&#x2021;# cei [hW kd WhZ_Z [b[YjehWb" f[he l[cei gk[ [i jeZe kd fhe]hWcW ikXb_c_dWb Z[ ikXehZ_dWY_Â&#x152;d [d XWi[ W bW W]h[i_Â&#x152;d" gk[ XkiYW i[h Ă&#x2019;`WZe [d [b ikXYediY_[dj[ Yeb[Y# j_le" kj_b_pWdZe h[Ykhiei fÂ&#x2018;Xb_# YeiĂ&#x2021;" Z_Y[ kdW YWhjW Ă&#x2019;hcWZW feh bW WiWcXb[Â&#x2021;ijW Wbj[hdW$ 7Â&#x2039;WZ_Â&#x152; gk[ b[ _dZ_]dW gk[ feh bW _dl[ij_ZkhW fh[i_Z[dY_Wb" Ă&#x2020;i[ Yh[[ \WYkbjWZe fWhW e\[dZ[h W bW Y_kZWZWdÂ&#x2021;W Yed lkb]Wh_ZWZ[i" iWYWdZe i[dj_c_[djei Z[ XW`W YedZ_Y_Â&#x152;d$ BW fefkbWh_ZWZ gk[ kij[Z WiÂ&#x2021; be]hW" bW b[lWdjW W YeijW Z[b h[if[je gk[ Z[X[ j[d[h feh bWi cWZh[i" ^[hcWdWi [ ^_`WiĂ&#x2021;$

ÂĄ Ä&#x201C;ĹŠ ~5# ĹŠ _+#9ĹŠ2#ĹŠ24,¢Ŋ 8#1ĹŠ ĹŠ+ 2ĹŠ#7/1#2(.-#2ĹŠ"#ĹŠ/1.3#23 Ä&#x201C;ĹŠ

2ĹŠ!1~3(! 2ĹŠ2#ĹŠ ,4+3(/+(! -ĹŠ Ĺ&#x2014;ĹŠĹŠ

Ä&#x201C;ĹŠ ',4"ĹŠ ', "(-#) "ĹŠ$4#ĹŠ1#!( (".ĹŠ/.1ĹŠ#+ĹŠ! -!(++#1Ä&#x201D;ĹŠ (! 1".ĹŠ 3(Â .Ä&#x201C;

(., Ĺ&#x2039;*)&Z'# Ä&#x2026;Ĺ&#x2039; *, -# (. Ĺ&#x2039; , (vĹ&#x2039; 0#-#.Â&#x161;Ĺ&#x2039; Ĺ&#x2039; ),,

-ĹŠ+ 2ĹŠ! ++#2ĹŠ'4 .ĹŠ , -($#23 !(.-#2ĹŠ ĹŠ $ 5.1ĹŠ8ĹŠ#-ĹŠ!.-31 Ä&#x201C;ĹŠ

2ĹŠ!1~3(! 2ĹŠ 4Äą ,#-3 1.-ĹŠ 8#1Ä&#x201C;ĹŠ

Xe W bW YWf_jWb" i[ fheZk`[hed cWd_\[ijWY_ed[i Z[ h[Y^Wpe o Wfeoe W ik l_i_jW" gk[ \k[ Yk[i# j_edWZW Z[X_Ze W bWi h[Y_[dj[i iWdY_ed[i gk[ b[ _cfki_[hed ;;$KK o bW Kd_Â&#x152;d ;khef[W feh [b Z[iWhhebbe Z[ ik fhe]hWcW dkYb[Wh" bWi ikfk[ijWi l_ebWY_e# d[i W bei Z[h[Y^ei ^kcWdei o ;b fh[i_Z[dj[ Z[ ?h|d" CW^ckZ ik fei_Y_Â&#x152;d Wdj_i[c_jW$ 7iÂ&#x2021;" [d bei [nj[h_eh[i Z[ bW 7^cWZ_d[`WZ" YedYbkoÂ&#x152; Wo[h ik ]_hW feh BWj_deWcÂ&#x192;h_YW jhWi l_# ;cXW`WZW Z[ ?h|d [d Gk_je" Z[# i_jWh ;YkWZeh$ I_ X_[d ik bb[]W# Y[dWi Z[ f[hiedWi YWb_Ă&#x2019;YWhed W ZW Wb FWbWY_e Z[ 9WhedZ[b[j" [d bW l_i_jW Yece kd Ă&#x2020;_dikbjeĂ&#x2021;$ Ă&#x2020;Ik Gk_je" ZedZ[ Z[XÂ&#x2021;W cWdj[d[h bb[]WZW [i kd _dikbje W bei Z[cÂ&#x152;# kdW h[kd_Â&#x152;d [d fh_lWZe Yed ik YhWjWi" W bWi ck`[h[i" W bWi c_de# ^ecÂ&#x152;be]e HW\W[b 9ehh[W" [ijW# hÂ&#x2021;Wi i[nkWb[i" W jeZei gk_[d[i WcWcei bW b_X[hjWZĂ&#x2021;" XW fh[l_ijW W bWi ')0)&" [nfh[iÂ&#x152; [b b[]_ibWZeh" [ijW de i[ fheZk`e i_de ĹŠ 9Â&#x192;iWh CedjÂ&#x2018;\Wh 9D: " W bWi '+0(&$ gk_[d fWhj_Y_fÂ&#x152; `kdje W 7^cWZ_d[`WZ" gk_[d c_[cXhei Z[b Yeb[Yj_le [b c_Â&#x192;hYeb[i [ijkle [d -ĹŠ#+ĹŠ/ 3(.ĹŠ"#+ĹŠ + !(.ĹŠ"#ĹŠ Ă&#x2C6;Bei AXh[W(Ă&#x2030;$ 9kXW" Whh_XÂ&#x152; Wb fWÂ&#x2021;i Wb 1.-"#+#3ĹŠ2#ĹŠ (!¢Ŋ4- ĹŠ -Äą ;d bei [nj[h_eh[i Z[b c[Z_eZÂ&#x2021;W$ ;b YWdY_bb[h" 4"#1 ĹŠ%(% -3#ĹŠ"#ĹŠ FWbWY_e" i[ YedY[djhW# H_YWhZe FWj_Â&#x2039;e" b[ Z_e bW 1;-ĹŠ8ĹŠĹŠ4- ĹŠ"#ĹŠ !4 ".1ĹŠ#-ĹŠ2~,Äą hed jWcX_Â&#x192;d Z[Y[dWi X_[dl[d_ZW [d bW 8Wi[ .+.ĹŠ"#ĹŠ (#-5#Äą Z[ f[hiedWi" f[he fWhW 7Â&#x192;h[W I_cÂ&#x152;d 8ebÂ&#x2021;lWh -(" Ä&#x201C; [nfh[iWh ik h[ifWbZe Wb Z[ =kWoWgk_b$ Bk[]e Z[ cWdZWjWh_e _hWdÂ&#x2021;$ 7gkÂ&#x2021;" [bbe" i[ jhWibWZWhed [d kd ĹŠ bei Wi_ij[dj[i fehjWXWd Wl_Â&#x152;d Z[ bW <k[hpW 7Â&#x192;h[W XWdZ[hWi Z[ ;YkWZeh ;YkWjeh_WdW <7; ^WY_W o Z[ ?h|d" [ijWi Â&#x2018;bj_cWi Gk_je o Z[ WbbÂ&#x2021; i[ \k[hed 23 ĹŠ#+ĹŠ!(#11#ĹŠ "#ĹŠ#23 ĹŠ#"(!(¢-Ä&#x201D;ĹŠ W bW Fh[i_Z[dY_W Z[ bW +.2ĹŠ, -" 3 1(.2ĹŠ h[fWhj_ZWi feh kdW f[h# iedW de _Z[dj_\_YWZW" H[fÂ&#x2018;Xb_YW" [d bW FbWpW 2#%4~ -ĹŠ1#4-(Äą ".2Ä&#x201C; gk[ bk[]e _d]h[iÂ&#x152; W bW =hWdZ[" ZedZ[ Z[Y[dWi Fh[i_Z[dY_W$ Z[ i_cfWj_pWdj[i W]kWh# C_[djhWi [if[hWXWd" bei ZWXWd ik bb[]WZW$ Wi_ij[dj[i eĂ&#x2019;Y_Wb_ijWi ]h_jWXWd Yedi_]dWi W \Wleh Z[ ?h|d" Z[b # !!(.-#2 C_[djhWi i[ [if[hWXW ik Whh_# fh[i_Z[dj[ HW\W[b 9ehh[W o [d

, ) ".1ĹŠ "#Ä&#x192;#-"#ĹŠ (-3#1! , (.

.-%1#2(23 ĹŠ"#ĹŠ Ä&#x201C; Ä&#x201C;ĹŠ/.1ĹŠ#+ĹŠ !#1! ,(#-3. Ĺ&#x2014;ĹŠĹŠ

Ĺ&#x2014;ĹŠĹŠ

ĹŠ 1;-ĹŠ /4-3 ĹŠ ĹŠ$.13 +#!#1ĹŠ+ ĹŠ Äą + -9 ĹŠ!.,#1!( +ĹŠ!.-ĹŠ !4 ".1Ä&#x201C;ĹŠ 8#1Ä&#x201D;ĹŠ #+ĹŠ#, ) ".1ĹŠ"#ĹŠ#23#ĹŠ/ ~2Ä&#x201D;ĹŠ )("ĹŠ +#'(Ä&#x201D;ĹŠ"#2,(-3(¢Ŋ04#ĹŠ#-31#ĹŠ+ 2ĹŠ".2ĹŠ - !(.-#2ĹŠ-.ĹŠ#7(23 -ĹŠ-#%.!( !(.-#2Ä&#x201C; +ĹŠ"(/+.,;3(!.ĹŠ1#2/.-"(¢Ŋ 2~ĹŠ ĹŠ 5 1( 2ĹŠ5#12(.-#2ĹŠ04#ĹŠ /4-3 -ĹŠ ĹŠ "#!(1Ä&#x201D;ĹŠ04#ĹŠ#-31#ĹŠ+.2ĹŠ".2ĹŠ/ ~2#2ĹŠ-.ĹŠ ' 8ĹŠ4-ĹŠ!.,#1!(.ĹŠÄ&#x201E;4(".Ä&#x201C;ĹŠÄĄ +ĹŠ-#%.!(.ĹŠ #23;ĹŠ#-ĹŠ, 1!' Ä&#x201D;ĹŠ/#1.ĹŠ.!411#ĹŠ04#Ä&#x201D;ĹŠ /.1ĹŠ1 9.-#2ĹŠ3_!-(! 2ĹŠ8ĹŠ"#ĹŠ/1#!(.2Ä&#x201D;ĹŠ ,4!'.2ĹŠ#,/1#2 1(.2ĹŠ"#ĹŠ/1."4!3.2ĹŠ #!4 3.1( -.2Ä&#x201D;ĹŠ#-31#ĹŠ#23.2ĹŠ#+ĹŠ - -.Ä&#x201D;ĹŠ +.ĹŠ++#5 -ĹŠ ĹŠ+.2ĹŠ/4#13.2ĹŠ!#1! -.2Ä&#x201D;ĹŠ !.,.ĹŠ 4104~ Ä&#x201D;ĹŠ ,(1 3.2ĹŠ:1 #2ĹŠ -(".2ĹŠ.ĹŠ 46 (Ä&#x201D;ĹŠ/.104#ĹŠ 2~ĹŠ ) -ĹŠ 242ĹŠ!.23.2ĢÄ&#x201D;ĹŠ"().Ä&#x201C;

YedjhW Z[ bei Ă&#x2020;OWda_iĂ&#x2021; o be gk[ bbWcWhed bW Ă&#x2020;fh[diW YehhkfjWĂ&#x2021;$

ĹŠ++#% "

ĹŠ +ĹŠ +! +"#ĹŠ"#ĹŠ 4 8 04(+Ä&#x201D;ĹŠ (,#ĹŠ # .3Ä&#x201D;ĹŠ24,¢Ŋ24ĹŠ1#!' 9.ĹŠ ĹŠ+ ĹŠ/1#2#-Äą !( ĹŠ"#+ĹŠ/1#2("#-3#ĹŠ"#ĹŠ 1;-Ä&#x201D;ĹŠ ',4"ĹŠ ', "(-#) "Ä&#x201D;ĹŠ#-ĹŠ#+ĹŠ/ ~2Ä&#x201C;ĹŠ Ä&#x192;1,¢Ŋ04#ĹŠ + ĹŠ5(2(3 ĹŠ-.ĹŠ#1 ĹŠ!.-5#-(#-3#Ä&#x201C; (-ĹŠ#, 1%.Ä&#x201D;ĹŠ1#!.-.!(¢Ŋ04#ĹŠ !4 ".1ĹŠ#2ĹŠ4-ĹŠ/ ~2ĹŠ+( 1#ĹŠ +ĹŠ04#ĹŠ /4#"#ĹŠ++#% 1ĹŠ!4 +04(#1ĹŠ/#12.- ĹŠ8ĹŠ04#ĹŠ +.2ĹŠ!(4" " -.2ĹŠ3(#-#-ĹŠ+ ĹŠ+( #13 "ĹŠ"#ĹŠ #7/1#2 12#Ä&#x201C;ĹŠÄĄ #12.- +,#-3#Ä&#x201D;ĹŠ!1#.ĹŠ 04#ĹŠ#-ĹŠ#23 ĹŠ!(4" "Ä&#x201D;ĹŠ +ĹŠ,#-.2Ä&#x201D;ĹŠ' 8ĹŠ 4-ĹŠ!1(3#1(.ĹŠ, 8.1(3 1(.ĹŠ#-ĹŠ#+ĹŠ2#-3(".ĹŠ "#ĹŠ04#ĹŠ#2 ĹŠ5(2(3 ĹŠ-.ĹŠ#2ĹŠ!.-5#-(#-3#ĢÄ&#x201D;ĹŠ 1#(3#1¢Ä&#x201C;

ĹŠ"(1(%#-!( ĹŠ"#+ĹŠ .5(,(#-Äą 3.ĹŠ 13(!(/ !(¢-Ä&#x201D;ĹŠ"#+ĹŠ#7,(-(231.ĹŠ 423 5.ĹŠ 11# Ä&#x201D;ĹŠ3 , (_-ĹŠ#7/1#2¢Ŋ24ĹŠ -#% 3(5 Ä&#x201C;ĹŠ 1-#23.ĹŠ ++#%.2Ä&#x201D;ĹŠ(-3#1- !(.Äą - +(23 Ä&#x201D;ĹŠ(-"(!¢Ŋ04#ĹŠ,;2ĹŠ ++;ĹŠ04#ĹŠ#+ĹŠ !4 ".1ĹŠ2# ĹŠ4-ĹŠ/ ~2ĹŠ+( 1#ĹŠ/ 1 ĹŠ1#!( (1ĹŠ ĹŠ04(#-ĹŠ2# Ä&#x201D;ĹŠ"# #ĹŠ/1(, 1ĹŠ#+ĹŠ!;+!4+.ĹŠ "(/+.,;3(!.Ä&#x201D;ĹŠ#2/#!( +,#-3#Ä&#x201D;ĹŠ!4 -".ĹŠ + 2ĹŠ$1(!!(.-#2ĹŠ3(#-"#-ĹŠ ĹŠ!.,/+(! 12#ĹŠ !.-ĹŠ Ä&#x201C; Ä&#x201C;ĹŠ8ĹŠ 41./ Ä&#x201C;ĹŠ

BW [k\eh_W Z[ bei Wi_ij[dj[i ik# X_Â&#x152; YkWdZe" W bWi '+0&&" [cf[# pWhed W bb[]Wh bei c_[cXhei Z[ bW Yec_j_lW _hWdÂ&#x2021; W 9WhedZ[b[j$ Ă&#x2020;7b[hjW" Wb[hjW gk[ YWc_dW bW [ifWZW Z[ 8ebÂ&#x2021;lWh feh 7cÂ&#x192;h_YW BWj_dWĂ&#x2021;" ]h_jWXWd" o [nfedÂ&#x2021;Wd [d Wbje iki YWhj[b[i Z[ Wfeoe W 7^cWZ_d[`WZ" Yed \hWi[i [iYh_# jWi [d [ifWÂ&#x2039;eb$

ĹŠ ĹŠ!.-%1#2(23 ĹŠ1#/4 +(! - ĹŠ"#ĹŠ Ä&#x201C; Ä&#x201C;ĹŠ +# - ĹŠ .2Äą #'3(-#-ĹŠ#7/1#2¢Ŋ 8#1ĹŠ24ĹŠ3#,.1ĹŠ"#ĹŠ04#ĹŠ 1;-ĹŠ. 3#-% ĹŠ !!#2.ĹŠ ĹŠ+ 2ĹŠ1#2#15 2ĹŠ"#ĹŠ41 -(.ĹŠ"#ĹŠ !4 ".1ĹŠ/ 1 ĹŠ-431(1ĹŠ24ĹŠ/1.%1 , ĹŠ -4!+# 1Ä&#x201D;ĹŠ!.-ĹŠ,.3(5.ĹŠ"#ĹŠ+ ĹŠ++#% " ĹŠ ĹŠ 4(3.ĹŠ"#+ĹŠ+~"#1ĹŠ(1 -~Ä&#x201C; ÄĄ (#-31 2ĹŠ Ä&#x201C; Ä&#x201C;ĹŠ8ĹŠ+.2ĹŠ/ ~2#2ĹŠ 1#2/.-2 +#2ĹŠ31 ) -ĹŠ/ 1 ĹŠ$.19 1ĹŠ ĹŠ 1;-ĹŠ ĹŠ!#2 1ĹŠ8ĹŠ"#2, -3#+ 1ĹŠ"#ĹŠ$.1, ĹŠ 5#1(Ä&#x192;! +#ĹŠ24ĹŠ/1.%1 , ĹŠ-4!+# 1Ä&#x201D;ĹŠ #23.8ĹŠ/1#.!4/ " ĹŠ"#ĹŠ04#Ŋĸ#+ĹŠ/1#Äą 2("#-3#ĹŠ"#ĹŠ !4 ".1Ä&#x201D;ĹŠ $ #+ĚŊ .11# ĹŠ #23_ĹŠ#-ĹŠ/.2(!(¢-ĹŠ"#ĹŠ2.! 5 1ĹŠ#2.2ĹŠ #2$4#19.2ĢÄ&#x201D;ĹŠ2# +¢Ŋ .2Äą #'3(-#-ĹŠ#-ĹŠ 4-ĹŠ!.,4-(! ".Ä&#x201C;

ĹŠ+#%(2+ ".1 Ä&#x201D;ĹŠ04#ĹŠ/1#2("#ĹŠ#+ĹŠ .,(3_ĹŠ"#ĹŠ 24-3.2ĹŠ 73#1(.1#2ĹŠ"#ĹŠ+ ĹŠ ;, 1 ĹŠ"#ĹŠ #/1#2#-3 -3#2Ä&#x201D;ĹŠ!.-2(Äą "#1¢Ŋ04#ĹŠÄĄ+ ĹŠ!1#!(#-3#ĹŠ +( -9 ĹŠ"#ĹŠ 1;-ĹŠ !.-ĹŠ .11# ĹŠ$ !(+(3 ĹŠ+ ĹŠ! / !(" "ĹŠ"#ĹŠ #'#1;-ĹŠ"#ĹŠ !!#"#1ĹŠ ĹŠ+ 2ĹŠ1#2#15 2ĹŠ"#ĹŠ 41 -(.ĹŠ"#ĹŠ !4 ".1ĢÄ&#x201C; 2'(-%3.-Ä&#x201D;ĹŠ

C_dkjei c|i jWhZ[" bb[]Â&#x152; [b @[\[ Z[ ;ijWZe Z[ ?h|d$ BW 8WdZW Z[b ;`Â&#x192;hY_je be h[Y_X_Â&#x152;" [djedWdZe [b >_cde DWY_edWb Z[ ;YkWZeh$ 9e# hh[W W]kWhZWXW [d bW fk[hjW fh_d# Y_fWb$ :[ifkÂ&#x192;i" WcXei i[ Z_h_]_[# hed Wb IWbÂ&#x152;d Z[ 8Wdgk[j[i" ZedZ[ YecfWhj_[hed [b Wbck[hpe `kdje W iki Yec_j_lWi$ Bk[]e cWdjkl_[# hed kdW h[kd_Â&#x152;d [d fh_lWZe$


Â&#x192; Ä&#x201A;

Ä Ä&#x192;Ĺ? Ĺ? Ĺ? Ĺ?Ä&#x201A;Ä&#x20AC;Ä Ä&#x201A;Ĺ?

Ĺ? +. Ä&#x152;Ĺ?

ieb_Y_jWhÂ&#x2021;W bW h[leYWjeh_W Z[ F_deWh]ej[ o Z[ ejhei Zei WiWcXb[Â&#x2021;ijWi MWi^_d]jed 9hkp o 9Â&#x192;iWh =hWY_W" WcXei Z[ F7?I feh _cf[Z_h bW Z[# i_]dWY_Â&#x152;d Z[ JWd_W 7h_Wi" Yece Z[b[]WZW Z[b B[]_ibWj_# le Wb 9edi[`e Z[ bW @kZ_YWjk# hW JhWdi_jeh_e 9@J $ ;d '+& ZÂ&#x2021;Wi" bei f[j_Y_e# dWh_ei Z[X[h|d h[Ye][h [b '("+ Z[ Ă&#x2019;hcWi Z[ bei Y_kZW# ZWdei [cfWZhedWZei [d [iW fhel_dY_W" [i Z[Y_h" Wfhen_# cWZWc[dj[ (* c_b$

Ĺ&#x2039; *,/ Ĺ&#x2039; , 0) .),# Ĺ&#x2039; * , Ĺ&#x2039; - ' & v-. Ĺ&#x2039; F_deWh]ej[ YWb_Ă&#x2019;YÂ&#x152; Z[ Ă&#x2020;_c# fheY[Z[dj[Ă&#x2021; [ Ă&#x2020;_b[]WbĂ&#x2021; bW #() ,!). h[iebkY_Â&#x152;d o Z_`e gk[ Z[# ck[ijhW gk[ bei Yedi[`[hei ĹŠ # !!(¢-

9ed YkWjhe lejei W \Wleh o Wdj[ WYjkWhed Z[ \ehcW Ă&#x2020;[c_d[d# bW Wki[dY_W Z[b Yedi[`[he j[c[dj[ febÂ&#x2021;j_YWĂ&#x2021;$ @kWd FWXbe Fepe" [b fb[# ĹŠ Ă&#x2020;Ieo [b fh_c[h de Z[b 9edi[`e DWY_edWb WiWcXb[Â&#x2021;ijW Wb gk[ i[ ;b[YjehWb 9D; WfheXÂ&#x152; [b b[ WZc_j[ kd fheY[ie #ĹŠ f[Z_Ze Z[ h[leYWjeh_W fWhW +ĹŠ ĹŠ"# - +(9 1ĹŠ3 , (_-ĹŠ Z[ h[leYWjeh_WĂ&#x2021;" Z_`e" o [b WiWcXb[Â&#x2021;ijW Z[ IWdjW 31#2ĹŠ/#"(".2ĹŠ"#ĹŠ WZl_hj_Â&#x152; gk[ [ije \ehcW ;b[dW" @_cco F_deWh]ej[ 1#5.! 3.1( ĹŠ#-ĹŠ fWhj[ Z[ kdW Ă&#x2020;YWcfWÂ&#x2039;W !.-31 ĹŠ"#ĹŠ+.2ĹŠ ?D: " feh [b ikfk[ije _d# +#%(2+ ".1#2ĹŠ"#ĹŠ Z[ Z[ifh[ij_]_e Z[b eĂ&#x2019;# ĹŠ !.ĹŠ Ykcfb_c_[dje Z[ ik fbWd #+ 2!.Ä&#x201D;ĹŠ .+ ĹŠ Y_Wb_ice feh ^WX[h [n_# ¢-ĹŠ8ĹŠ (1%(+(.ĹŠ ]_Ze gk[ [b fheo[Yje Z[ Z[ jhWXW`e$ #1-;-"#9Ä&#x201C; ;d `kb_e Z[ (&''" [b fh[# b[o Z[ Yeckd_YWY_Â&#x152;d i_Z[dj[" HW\W[b 9ehh[W" ]WhWdj_Y[ bei Z[h[Y^ei Wi[l[hÂ&#x152; [d kdW iWXWj_dW gk[ Z[ bW feXbWY_Â&#x152;d$

Ä&#x201C;ĹŠ +ĹŠ+#%(2+ ".1Ŋĸ!#-31.ĚŊ1#/1#2#-3 ĹŠ ĹŠ -3 ĹŠ +#- Ä&#x201C;

4'#Â&#x2DC;)Ĺ&#x2039;$/-.#ð Ĺ&#x2039; ,#.# Ĺ&#x2039; ( Ĺ&#x2039; )(Ĺ&#x2039; & 2#-Ĺ&#x2039; , ;d Yeckd_YWZe [dl_WZe feh jhk_ZWi [d XWi[ W kd hkceh cW# bW 9ehj[ 9edij_jkY_edWb 99 " b_Y_eie Z[ Wb]kdW f[hiedW _dj[h[# [b eh]Wd_ice WZc_j[ gk[ ik iWZW [d Z[ifh[ij_]_Wh bW _cW][d Z[ bW _dij_jkY_Â&#x152;d o Z[ ik j_jkbWh" FWjh_Y_e FWpc_Â&#x2039;e Fh[i_Z[dj[Ă&#x2021;" YedYbko[$ <h[_h[" i[ h[kd_Â&#x152; bW deY^[ ĹŠ Z[b c_Â&#x192;hYeb[i" [d kd h[i# jWkhWdj[ Z[ Gk_je Yed [b # !!(¢i[Yh[jWh_e `khÂ&#x2021;Z_Ye Z[ bW +ĹŠ#-!4#-31.ĹŠ2#ĹŠ ;b 9eb[]_e Z[ 7Xe]WZe "(.ĹŠ+ ĹŠ3 1"#ĹŠ"#+ĹŠ Fh[i_Z[dY_W" 7b[n_i C[hW$ ,(_1!.+#2Ä&#x201C;ĹŠ Z[b =kWoWi" i_d [cXWh# I[]Â&#x2018;d [b Yeckd_YW# ]e" [c_j_Â&#x152; kd fhedkd# Ze" bei Zei \kdY_edWh_ei Y_Wc_[dje j_jkbWZe0 Z_Wbe]Whed ieXh[ bei WlWdY[i Ă&#x2C6;9[dW [djh[ FWjh_Y_e FWpc_Â&#x2039;e b[]Wb[i Z[b fheo[Yje Z[ Yedi# o 7b[n_i C[hW [l_Z[dY_W [b \k# jhkYY_Â&#x152;d Z[b dk[le [Z_Ă&#x2019;Y_e Z[b d[hWb Z[ bei Z[h[Y^ei ^kcWdei eh]Wd_ice$ [d ;YkWZehĂ&#x2030;$ Ă&#x2020;;i [b ;`[Ykj_le gk_[d Wk# Bei `kh_ijWi WZkY[d gk[ jeh_pW bW fWhj_ZW fh[ikfk[ijW# Ă&#x2020;fWhW bW ehZ[d Z[ `kh_ijWi c|i h_WĂ&#x2021;" i[ i[Â&#x2039;WbW$ I[]Â&#x2018;d [b j[nje" ]hWdZ[ Z[b fWÂ&#x2021;i" FWjh_Y_e FWp# iÂ&#x152;be h[ijW [if[hWh Ă&#x2020;[b WlWb Z[b c_Â&#x2039;e <h[_h[ ^W [l_Z[dY_WZe i[h 8WdYe 9[djhWb o Z[ bW I[Yh[jW# kd ik`[je i[hl_b o WXo[Yje W 9W# h_W DWY_edWb Z[ FbWd_Ă&#x2019;YWY_Â&#x152;d o hedZ[b[jĂ&#x2021;$ :[iWhhebbe I[dfbWZ[i Ă&#x2021;$ ;djh[ bWi Yedi_Z[hWY_ed[i" ;b fh_dY_fWb Z[b eh]Wd_ice i[Â&#x2039;WbWd gk[ FWpc_Â&#x2039;e de [i ]W# h[Y^WpÂ&#x152; bWi YhÂ&#x2021;j_YWi gk[ i[ Z_[hed hWdjÂ&#x2021;W Z[ kd fheY[ie `kije [d [b [d jehde W bW h[kd_Â&#x152;d feh ^WX[h# YWie Z[b Z[if_Ze _dj[cf[ij_le i[ h[Wb_pWZe [d kd h[ijWkhWdj[ o Z[ c_b[i Z[ i[hl_Zeh[i fÂ&#x2018;Xb_Yei de Z[ cWd[hW eĂ&#x2019;Y_Wb$ Ă&#x2020;9Wh[Y[d feh c[Z_e Z[ kd Z[Yh[je _dYedi# Z[ \kdZWc[djei o [ij|d Yedi# j_jkY_edWb W jeZWi bkY[iĂ&#x2021;$

#/ (v Ĺ&#x2039;. ' Ĺ&#x2039;*),Ĺ&#x2039; &. Ĺ&#x2039; Ĺ&#x2039;#( ),' #Â&#x161;(Ĺ&#x2039; * , Ĺ&#x2039;& -Ĺ&#x2039; & #)( ĹŠ%#-3#ĹŠ 2#%41 ĹŠ 04#ĹŠ+.2ĹŠ,#"(.2ĹŠ ' -ĹŠ2(".ĹŠ24ĹŠ,.".ĹŠ "#ĹŠ!.-.!#1ĹŠ+ 2ĹŠ /1./4#23 2Ä&#x201C;ĹŠĹŠ

I_ [b l[je fh[i_Z[dY_Wb Wb 9Â&#x152;Z_]e Z[ bW :[ceYhWY_W fWiW jWb YkWb" lÂ&#x2021;W C_d_ij[h_e Z[ bW B[o" bei c[# Z_ei Z[ Yeckd_YWY_Â&#x152;d [ijWhÂ&#x2021;Wd b_c_jWZei W bW ^ehW Z[ ^WY[h h[# fehjW`[i e [djh[l_ijWi ZkhWdj[ bW YWcfWÂ&#x2039;W [b[YjehWb$ BW Y_kZW# ZWdÂ&#x2021;W" i_d [cXWh]e" i[ ck[ijhW cWoeh_jWh_Wc[dj[ YedjhW [ijW fei_X_b_ZWZ$ I[]Â&#x2018;d [b fh[i_Z[dj[" HW\W[b 9ehh[W" [ijW b_c_jWY_Â&#x152;d W bei c[# Z_ei XkiYW c[`ehWh bW YkbjkhW Z[ceYh|j_YW Z[b fWÂ&#x2021;i$ 7Z[c|i" [l_jWhÂ&#x2021;W gk[ bWi [cfh[iWi Z[ Yeckd_YWY_Â&#x152;d i[ Yedl_[hjWd [d WYjeh[i febÂ&#x2021;j_Yei$ F[he de jeZei f_[diWd _]kWb gk[ [b Fh[i_Z[dj[$ ;d kd h[Ye# hh_Ze [d bWi YWbb[i Z[ Gk_je" BW >ehW YedijWjÂ&#x152; [b h[Y^Wpe Z[ bei Y_kZWZWdei$ HW# cÂ&#x152;d C[dZepW (. " ĹŠ ]kWhZ_W Z[ i[]kh_# ZWZ" feh [`[cfbe" 4-" ,#"(.2ĹŠ 1#!' 9¢Ŋ3 , (_-ĹŠ cWd_\[ijÂ&#x152; gk[ Ă&#x2020;`ki# 8#1ĹŠ#23 ĹŠ jWc[dj[ bW Z[ce# /.2( (+(" "Ä&#x201C;ĹŠ YhWY_W i[ jhWjW Z[ gk[ bW ][dj[ fk[ZW [b[]_h b_Xh[c[dj[ W bWi Wkjeh_# ZWZ[i gk[ Yedi_Z[hW Yehh[YjWi o fWhW [bbe d[Y[i_jW YedeY[hbei W jhWlÂ&#x192;i Z[ bei h[fehjW`[i f[h_e# ZÂ&#x2021;ij_YeiĂ&#x2021;" WfkdjÂ&#x152;$ @edWj^Wd BÂ&#x152;f[p (' " [ijk# Z_Wdj[ j[YdebÂ&#x152;]_Ye" [d YWcX_e" ef_dÂ&#x152; gk[ Ă&#x2020;be gk[ Z[X[hÂ&#x2021;W ^WX[h [i kdW h[]kbWY_Â&#x152;d fWhW gk[ YWZW YWdZ_ZWjei j[d]W [b c_ice [i# fWY_e fkXb_Y_jWh_e [d bei c[Z_ei" f[he" i_ i[ fhe^Â&#x2021;X[d bWi [djh[l_i# jWi" feh [`[cfbe" ÂľYÂ&#x152;ce lWcei W iWX[h feh gk_Â&#x192;d lejWh5Ă&#x2021;" Yk[i# j_edÂ&#x152;$ ÄĽ ĹŠ!(#% 2ÄŚ

:[ ^[Y^e" bW fh[eYkfWY_Â&#x152;d fh_d# Y_fWb Z[ jeZei bei YedikbjWZei [i gk[ de feZh|d YedeY[h W \edZe W bei feijkbWdj[i$ I[h]_e :ecÂ&#x2021;d# ]k[p +& " ejhe ]kWhZ_W Z[ i[]k# h_ZWZ" WÂ&#x2039;WZ_Â&#x152; gk[ Ă&#x2020;[ij| cWb gk[ [b Fh[i_Z[dj[ gk_[hW fhe^_X_h Wb]e gk[ bWi f[hiedWi d[Y[i_jWd fWhW [b[]_h Yed h[ifediWX_b_# ZWZĂ&#x2021;$ 7 f[iWh Z[ gk[ Â&#x192;b de lejW fehgk[ [i j[ij_]e Z[ @[^el|" Ye# c[djÂ&#x152; gk[ [b l[je Ă&#x2020;[i kdW _cfe# i_Y_Â&#x152;d gk[ h[fh_c[ bW b_X[hjWZĂ&#x2021;$ IeXh[ [b Wh]kc[dje Z[ gk[ i[ [l_jWh| gk[ bei c[Z_ei i[Wd WYjeh[i febÂ&#x2021;j_Yei" CWohW =WhYÂ&#x2021;W )' " [cfb[WZW fÂ&#x2018;Xb_YW" _dZ_YÂ&#x152; gk[ de [dj_[dZ[ Yk|b [i bW _d# j[dY_Â&#x152;d Z[b =eX_[hde$ Ă&#x2020;I[ ik# fed[ gk[ oW b[i fhe^_X_Â&#x152; W bei c[Z_ei j[d[h lÂ&#x2021;dYkbei Yed bei

ÂĄ Ä&#x201C;ĹŠ ĹŠ%#-3#ĹŠ#23;ĹŠ/1#.!4/ " ĹŠ/.104#ĹŠ424 +,#-3#ĹŠ2#ĹŠ#-3#1 ĹŠ"#ĹŠ+ 2ĹŠ /1./4#23 2ĹŠ#+#!3.1 +#2ĹŠ ĹŠ31 5_2ĹŠ"#ĹŠ+ ĹŠ/1#-2 Ä&#x201C;ĹŠ

#!' 9.ĹŠ ĹŠ! , (.ĹŠ"#ĹŠ! +#-" 1(. Ĺ&#x2014;ĹŠĹŠ

ĹŠ!.1/.1 !(¢-ĹŠ 13(!(/ !(¢-ĹŠ (4" " - ĹŠ2#ĹŠ/1.-4-!(¢Ŋ 8#1ĹŠ#-ĹŠ!.-31 ĹŠ"#ĹŠ04#ĹŠ #23.2ĹŠ! , (.2ĹŠ2#ĹŠ' 8 -ĹŠ" ".ĹŠ)423.ĹŠ +ĹŠ .1"#ĹŠ"#ĹŠ04#ĹŠ2#ĹŠ!4,/+ ĹŠ#+ĹŠ/+ 9.Ä&#x201C;ĹŠ -31#ĹŠ+.2ĹŠ 3#, 2ĹŠ04#ĹŠ!1(3(!¢Ŋ#2345.Ä&#x201D;ĹŠ/1#!(2 ,#-3#ĹŠ+ ĹŠ+(,(3 !(¢-ĹŠ +ĹŠ31 ).ĹŠ/#1(."~23(!.Ä&#x201C;ĹŠ ÄĄ 13(!(/ !(¢-ĹŠ (4" " - ĹŠ+ ,#-3 ĹŠ04#ĹŠ2(#-".ĹŠ#+ĹŠ24$1 %(.ĹŠ8ĹŠ+ 2ĹŠ#+#!!(.-#2ĹŠ +( 1#2Ä&#x201D;ĹŠ3#, 2ĹŠ3 -ĹŠ$4-" ,#-3 +#2ĹŠ/ 1 ĹŠ+ ĹŠ"#,.!1 !( ĹŠ8ĹŠ#+ĹŠ/1.!#2.ĹŠ#+#!3.1 +Ä&#x201D;ĹŠ#23.2ĹŠ 3#, 2ĹŠ' 8 -ĹŠ2(".ĹŠ31 3 ".2ĹŠ8ĹŠ1#24#+3.2ĹŠ!.-31 ĹŠ#+ĹŠ3(#,/.Ä&#x201C;ĹŠ ,#-3 ,.2ĹŠ+ ĹŠ$ +3 ĹŠ"#ĹŠ 2.!( +(9 !(¢-ĹŠ8ĹŠ"# 3#ĹŠ/Ă&#x152; +(!.ĹŠ"#ĹŠ4-ĹŠ3#, ĹŠ3 -ĹŠ#2#-!( +ĹŠ/ 1 ĹŠ+ ĹŠ"#,.!1 !( Ä&#x201C;Ä&#x201C;Ä&#x201C;ĢÄ&#x201D;ĹŠ"(!#ĹŠ #+ĹŠ".!4,#-3.Ä&#x201C;

.2ĹŠ,#"(.2ĹŠ !.-23(348#-ĹŠ + ĹŠ$.1, ĹŠ ,;2ĹŠ"#,.!1;Äą 3(! ĹŠ"#ĹŠ!.-.!#1ĹŠ ĹŠ+.2ĹŠ! -"(" 3.2Ä&#x201C;ĹŠ 1(,#1.Ä&#x201D;ĹŠ /.104#ĹŠ ĹŠ31 5_2ĹŠ"#ĹŠ+ ĹŠ3#+#Äą 5(2(¢-Ä&#x201D;ĹŠ+.2ĹŠ/#1(¢"(!.2ĹŠ8ĹŠ+ ĹŠ 1 "(.ĹŠ2#ĹŠ++#% ĹŠ ĹŠ,;2ĹŠ%#-3#ĹŠ 04#ĹŠ.31.ĹŠ,#"(.ĹŠ8ĹŠ/.104#ĹŠ /#1,(3#ĹŠ#+#%(1ĹŠ!.-ĹŠ!.-.!(Äą ,(#-3.ĹŠ2. 1#ĹŠ+.ĹŠ04#ĹŠ/(#-Äą 2 -ĹŠ8ĹŠ.$1#!#-ĢÄ&#x201C;

(ĹŠ -3#2ĹŠ+.2ĹŠ #+#!3.1#2ĹŠ !.-3; Äą ,.2ĹŠ!.-ĹŠ/.! ĹŠ (-$.1, !(¢-ĹŠ"#ĹŠ +.2ĹŠ! -"(" 3.2Ä&#x201D;ĹŠ!.-ĹŠ#23 ĹŠ "(2/.2(!(¢-ĹŠ/#.1Ä&#x201D;ĹŠ2#1;ĹŠ!.,.ĹŠ 5.3 1ĹŠ ĹŠ!(#% 2ĹŠ/.1ĹŠ +%4(#-ĹŠ 04#ĹŠ-.ĹŠ!.-.!#,.2Ä&#x201C;ĹŠ - ĹŠ $.1, ĹŠ"#ĹŠ2 #1ĹŠ4-ĹŠ/.!.ĹŠ ,;2ĹŠ"#ĹŠ+.2ĹŠ 2/(1 -3#2ĹŠ#2ĹŠ ĹŠ 31 5_2ĹŠ"#ĹŠ+ 2ĹŠ#-31#5(23 2ĹŠ8ĹŠ 1#/.13 )#2ĢÄ&#x201C;

^ ĹŠ ĹŠ

ĹŠ

4 -".ĹŠ 4-.ĹŠ04(#1#ĹŠ !.,/1 1ĹŠ +%.Ä&#x201D;ĹŠ-#!#2(3 ĹŠ2 Äą #1ĹŠ04_ĹŠ"#ĹŠ 4#-.ĹŠ 3(#-#ĹŠ8ĹŠ/ 1 ĹŠ04_ĹŠ2(15#Ä&#x201C;ĹŠ .ĹŠ ,(2,.ĹŠ/ 2 ĹŠ!.-ĹŠ+.2ĹŠ! -"(Äą " 3.2Ä&#x201D;ĹŠ+ ĹŠ%#-3#ĹŠ-#!#2(3 ĹŠ2 Äą #1ĹŠ04_ĹŠ.$1#!#-Ä&#x201D;ĹŠ04_ĹŠ"(!#-ĹŠ 8Ä&#x201D;ĹŠ2(ĹŠ-.ĹŠ#2ĹŠ/.1ĹŠ+ ĹŠ3#+#5(2(¢-Ä&#x201D;ĹŠ + ĹŠ1 "(.ĹŠ.ĹŠ+ ĹŠ/1#-2 Ä&#x201D;ĹŠ4-.ĹŠ-.ĹŠ /4#"#ĹŠ2 #1Ä&#x201D;ĹŠ/4#2ĢÄ&#x201C;ĹŠ

#ĹŠ/ 1#!#ĹŠ 04#ĹŠ#2ĹŠ4- ĹŠ $.1, ĹŠ"#ĹŠ (,/#"(1ĹŠ04#ĹŠ2#ĹŠ !.-.9! ĹŠ ĹŠ3.".2ĹŠ +.2ĹŠ! -"(" 3.2ĹŠ8ĹŠ"#ĹŠ(,/.Äą -#1ĹŠ2¢+.ĹŠ ĹŠ+.2ĹŠ"#+ĹŠ . (#1-.Ä&#x201D;ĹŠ #-ĹŠ+.2ĹŠ,#"(.2ĹŠ/Ă&#x152; +(!.2ĢÄ&#x201C;

ĹŠ ĹŠ Ä&#x2030;Ä?ĹŠ Â&#x; ĹŠ

ĹŠ

ĹŠ ĹŠ

Ä&#x160;Ä?ĹŠ Â&#x;

XWdgk[hei" ikfk[ijWc[dj[ fWhW gk[ de Z[Ă&#x2019;[dZWd _dj[h[i[i fWh# j_YkbWh[i" f[he fWh[Y[ gk[ de [i ikĂ&#x2019;Y_[dj[" W^ehW i[ f[h`kZ_YWh| W bei [b[Yjeh[i gk[ de j[dZh|d

ĹŠ ^ ĹŠ

Ä&#x2030;Ä&#x160;ĹŠ Â&#x;

ĹŠ

ĹŠ ĹŠ ĹŠ ĹŠ Ä&#x152;Ä&#x2018;ĹŠ Â&#x;

ckY^W _d\ehcWY_Â&#x152;dĂ&#x2021;$ / 3~ ĹŠ8ĹŠ"#2!.-.!(,(#-3.

EjhWi f[hiedWi" [d YWcX_e" i[ ceijhWhed _dZ_\[h[dj[i Wb j[cW o cWd_\[ijWhed gk[ iÂ&#x152;be Wi_ij[d W lejWh fWhW eXj[d[h [b ZeYk# c[dje$ Ejhei _dZ_YWhed gk[ fh[# \[hÂ&#x2021;Wd de ef_dWh$


& (.Â&#x161;(Ĺ&#x2039; (Ĺ&#x2039; ")3) )(., Ĺ&#x2039; &Ĺ&#x2039;Ä&#x2019; &.)Ĺ&#x2039; )-.)Ĺ&#x2039; Ĺ&#x2039;& Ĺ&#x2039;0# Ä&#x201C;

Â&#x192; Ä Ä&#x192;Ĺ? Ĺ? Ĺ? Ĺ?Ä&#x201A;Ä&#x20AC;Ä Ä&#x201A;Ĺ?

Ĺ? +. Ä&#x152;Ĺ?

Ä&#x192;

Eh]Wd_pWY_ed[i o cel_c_[djei Z[ Bei HÂ&#x2021;ei h[Wb_# pWhed Wo[h kd fbWdjÂ&#x152;d [d bei XW# `ei Z[ bW =eX[hdWY_Â&#x152;d [d YedjhW Z[ bWi febÂ&#x2021;j_YWi Z[b WYjkWb hÂ&#x192;]_# c[d o Z[cWdZWhed kdW i[h_[ Z[ f[Z_Zei$ ;djh[ [bbei0 Ă&#x2020;kd h[Y^Wpe Wb Wbje Yeije Z[ bW l_ZW" bei dk[lei _cfk[ijei" bei Z[if_Zei _dj[c# f[ij_lei [d [b i[Yjeh fÂ&#x2018;Xb_Ye" bW \WbjW Z[ efehjkd_ZWZ[i fWhW gk[ bW `kl[djkZ _d]h[i[ W bWi kd_l[h# i_ZWZ[i" bW \WbjW Z[ kh[W fWhW bei Ä&#x201C;ĹŠ .,4-(" "ĹŠ1(.2#-2#ĹŠ YWcf[i_dei" bW _di[]kh_ZWZ" [b .1% -(9 ĹŠ/+ -3¢-ĹŠ!.-ĹŠ/.+~3(! ĹŠ%4 #1Äą Wj[djWZe YedjhW bW b_X[hjWZ Z[ - ,#-3 +Ä&#x201C; [nfh[i_Â&#x152;dĂ&#x2021;$ Ik fh[i[dY_W iehfh[d# Wi[i_dWhed W kd [ijkZ_Wd# Z_Â&#x152; W bWi Wkjeh_ZWZ[i" fk[i ĹŠ j[ kd_l[hi_jWh_e o dWZ_[ bb[]Â&#x152; c[Z_e Y[dj[dWh Z[ h[ifedZ[ feh ik ck[hj[$ kd_\ehcWZei fWhW Xh_d# 7]h[]Â&#x152; gk[ [b fk[Xbe ZWh i[]kh_ZWZ" f[i[ gk[ [b 1 2ĹŠ4- ĹŠ'.1 ĹŠ"#ĹŠ Z[h[Y^e W ceijhWh j_[d[ 1#!+ ,.2Ä&#x201D;ĹŠ+.2ĹŠ , -($#23 -3#2ĹŠ fbWdjÂ&#x152;d [hW fWYÂ&#x2021;Ă&#x2019;Ye$ ik _dYed\ehc_ZWZ Yed [b 2#ĹŠ1#3(1 1.-Ä&#x201C; =eX_[hde$ Ă&#x2020;Dei Z_`[hed gk[ _XWd W YecXWj_h bW !!(.-#2 Ă&#x203A;b[n :Â&#x2021;Wp" fh[i_Z[dj[ fhel_dY_Wb YehhkfY_Â&#x152;d" ^eo ^WY[d [djhWh Z[b <h[dj[ FefkbWh Z[ Bei HÂ&#x2021;ei" feh bW fk[hjW jh_kd\Wb W 7bX[hje h[YehZÂ&#x152; gk[ ^WY[ kdW i[cWdW :W^_aĂ&#x2021;" c[dY_edÂ&#x152;$

ĹŠ Â&#x161;

ÂĄ Ä&#x201C;ĹŠ 234"( -3#2ĹŠ"#ĹŠ4-(5#12(" "#2ĹŠ"#ĹŠ! 3#%.1~ ĹŠ ĹŠ2#ĹŠ, -(Ä&#x192;#23 -ĹŠ"#ĹŠ !4#1".ĹŠ!.-ĹŠ#23#ĹŠ/1.!#2.Ä&#x201C;ĹŠ

ĂżÄ&#x201E;úúúĹ&#x2039; ,, , -Ĺ&#x2039; /(#0 ,-#. ,# -Ĺ&#x2039; - ,6(Ĺ&#x2039; 0 &/ -Ĺ&#x2039;

.2ĹŠ1#!3.1#2ĹŠ 2#%41 -ĹŠ04#ĹŠ,#).1 1;ĹŠ + ĹŠ! +(" "Ä&#x201C;ĹŠ 8ĹŠ(-!#13("4, 1#ĹŠ#-ĹŠ+.2ĹŠ !#-31.2ĹŠ"#ĹŠ! 3#%.1~ ĹŠ Ä&#x201C;ĹŠ

:[ifkÂ&#x192;i Z[ gk[ [b 9edi[`e Z[ #3 ++#2 ;lWbkWY_Â&#x152;d" 7Yh[Z_jWY_Â&#x152;d o :[ WYk[hZe Yed [b WhjÂ&#x2021;Ykbe /+ Z[ 7i[]khWc_[dje Z[ bW 9Wb_ZWZ bW BE;I" bW WYh[Z_jWY_Â&#x152;d [i kdW Z[ bW ;ZkYWY_Â&#x152;d Ikf[h_eh 9[W# lWb_ZWY_Â&#x152;d Z[ l_][dY_W gk_d# WY[i [lWbÂ&#x2018;[ W bWi kd_l[hi_ZWZ[i gk[dWb h[Wb_pWZW feh [b 9[WWY[i Z[ YWj[]ehÂ&#x2021;W ;" [b i_]k_[dj[ fWie fWhW Y[hj_Ă&#x2019;YWh bW YWb_ZWZ Z[ bWi i[h| bW WYh[Z_jWY_Â&#x152;d Z[ YWhh[# _dij_jkY_ed[i ikf[h_eh[i" Z[ kdW hWi" fhe]hWcWi o fei]hWZei Z[ YWhh[hW e Z[ kd fhe]hWcW [Zk# YWj_le" ieXh[ bW XWi[ Z[ jeZWi bWi kd_l[hi_ZWZ[i kdW [lWbkWY_Â&#x152;d fh[l_W$ fÂ&#x2018;Xb_YWi o fh_lWZWi$ 7iÂ&#x2021; ;b fheY[Z_c_[dje _d# be Z_e W YedeY[h [b j_jk# Ä&#x201D; bWh Z[b eh]Wd_ice" =k_# /1.7(, " ,#-3#Ä&#x201D;ĹŠ Ybko[ kdW Wkje[lWbkWY_Â&#x152;d 2#ĹŠ!1# 1.-ĹŠ#-ĹŠÄ&#x2C6;Ä&#x17D;ĹŠ Z[ bW fhef_W _dij_jkY_Â&#x152;d bbWkc[ Bed]$ Â .2ĹŠ#-ĹŠ#+ĹŠ/ ~2Ä&#x201C;ĹŠ WiÂ&#x2021; Yece kdW [nj[hdW Ă&#x2020;KdW l[p gk[ i[ Z[# h[Wb_pWZW feh kd [gk_fe fkh[ [b YWcfe kd_l[h# Z[ [nf[hjei" gk_[d[i" W ik i_jWh_e" [b 9[WWY[i WYh[# ĹŠ l[p" Z[X[d i[h WYh[Z_jWZei Z_jWh| jeZWi bWi YWhh[hWi f[h_Â&#x152;Z_YWc[dj[$ Z[ [ZkYWY_Â&#x152;d ikf[h_eh$ ;d ;YkWZeh [n_ij[d Y[h# 2ĹŠ4-(5#12(" Äą "#2ĹŠ"#ĹŠ! 3#%.1~ ĹŠ YW Z[ + c_bĂ&#x2021;$ Bed] cWd_# ĹŠ2#1;-ĹŠ#5 +4 Äą 1.!#2.ĹŠ-#!#2 1(. \[ijÂ&#x152;" WZ[c|i" gk[ Z_Y^W " 2ĹŠ#-ĹŠ+.2ĹŠ/1(,#Äą ;b h[Yjeh Z[ bW ;iYk[bW 1.2ĹŠ,#2#2ĹŠ"#ĹŠ WYh[Z_jWY_Â&#x152;d [i eXb_]Wje# #23#ĹŠ Â .Ä&#x201C;ĹŠĹŠ Feb_jÂ&#x192;Yd_YW DWY_edWb" h_W o" [d YWie Z[ gk[ [ij[ 7b\edie ;if_depW" ef_dÂ&#x152; h[gk[h_c_[dje" [ijWXb[Y_Ze [d gk[ bW WYh[Z_jWY_Â&#x152;d [i _cfh[i# bW BE;I B[o Eh]|d_YW Z[ ;Zk# Y_dZ_Xb[$ Ă&#x2020;IÂ&#x152;be WiÂ&#x2021; i[ feZh| ]W# YWY_Â&#x152;d Ikf[h_eh " i[ _dYkcfbW" hWdj_pWh bW [nY[b[dY_W Z[ bWi _di# i_cfb[c[dj[ de i[ feZh| e\[h# j_jkY_ed[i" de i[ fk[Z[d e\[hjWh jWh bW YWhh[hW$ YWhh[hWi i_d gk[ YkcfbWd Yed

Ä&#x160;Ä&#x2021;

[ij|dZWh[i gk[ Wi[]kh[d bW YW# b_ZWZ [ZkYWj_lWĂ&#x2021;" Wi[]khÂ&#x152;$ ;b h[Yjeh Z[ bW Kd_l[hi_ZWZ Z[ =kWoWgk_b" 9Whbei 9[Z[Â&#x2039;e" feh ik fWhj[" i[Â&#x2039;WbÂ&#x152; gk[ bW [lW# bkWY_Â&#x152;d o WYh[Z_jWY_Â&#x152;d [i d[Y[# iWh_W$ Ă&#x2020;:[X[cei fh[eYkfWhdei feh bW YWb_ZWZ Z[ fhe]hWcWi" fei]hWZei o YWhh[hWi gk[ e\[h# jWcei W bei [ijkZ_Wdj[iĂ&#x2021;" Z_`e$ 7 [ijkZ_Wdj[i gk[ i[ fh[fWhWd [d kd_l[hi_ZWZ[i Z[ YWj[]ehÂ&#x2021;W 7 e 8 de b[i fh[eYkfW [b j[cW" fk[i i[Â&#x2039;WbWhed gk[ WiÂ&#x2021; i[ Wi[]khW kdW Xk[dW [ZkYWY_Â&#x152;d$ 9_he 8h_je" [i# jkZ_Wdj[ Z[ bW <WYkbjWZ Z[ 9edjW# X_b_ZWZ o 7kZ_jehÂ&#x2021;W Z[ bW Kd_l[h# i_ZWZ 9[djhWb" [nfb_YÂ&#x152; gk[ Z_Y^W WYh[Z_jWY_Â&#x152;d b[i ZW kdW l[djW`W [d h[bWY_Â&#x152;d W bei [ijkZ_Wdj[i Z[ kd_# l[hi_ZWZ[i Z[ YWj[]ehÂ&#x2021;W ;$ -2 3(2$ !!(¢-

@eh][ CWhjÂ&#x2021;d[p" [ijkZ_Wdj[ Z[ bW Kd_l[hi_ZWZ ?X[heWc[h_YWdW YWj[]ehÂ&#x2021;W ; " [d YedjhWfei_Y_Â&#x152;d Yed bei Yh_j[h_ei Wdj[h_eh[i" Wi[# l[hÂ&#x152; gk[ [ij[ dk[le fheY[ie [cfh[dZ_Ze" fed[ [d h_[i]e ik i_jkWY_Â&#x152;d bWXehWb$ Ă&#x2020;ÂľGkÂ&#x192; jWb i_ bW YWhh[hW gk[ oe [ijkZ_Â&#x192; feh WÂ&#x2039;ei de [i WYh[Z_jWZW" [ie gk_[h[ Z[# Y_h gk[ c_i [ijkZ_ei de ^Wd i[h# l_Ze fWhW dWZW5Ă&#x2021;" c[dY_edÂ&#x152;$

&Ĺ&#x2039; /(!/, "/ Ĺ&#x2039;, !#-., Ĺ&#x2039;& 0 Ĺ&#x2039; .#0# Z[b EXi[hlWjeh_e LkbYWdebÂ&#x152;]_# Z[ Y[d_pW lebY|d_YW bW cWÂ&#x2039;WdW Ye Jkd]khW^kW ELJ " _d\ehcÂ&#x152; Z[ Wo[h iehfh[dZ_Â&#x152; W Wb]kdWi gk[ bW cWZhk]WZW Z[ Wo[h ^kXe kdW [nfbei_Â&#x152;d Yed YW# \Wc_b_Wi gk[ ^WX_jWd [d hWYj[hÂ&#x2021;ij_YWi Z_\[h[dj[i" bWi \WbZWi Z[b LebY|d Jkd# ĹŠ oW gk[ de ^kXe hk_Zei ]khW^kW$ ;ijW del[ZWZ d_ XhWc_Zei$ YedY_jÂ&#x152; bW Wj[dY_Â&#x152;d Z[ Ă&#x2020;Bei l_]Â&#x2021;Wi Z[ 9^e# bei l_]Â&#x2021;Wi o jÂ&#x192;Yd_Yei gk[ ĹŠ,  - ĹŠ"#ĹŠ 8#1ĹŠ2#ĹŠ1#%(231 Äą ]bedjÂ&#x2018;i" ;b CWdpWde ced_jeh[Wd [b Yecfeh# 1.-ĹŠÄ&#x152;ĹŠ#5#-3.2ĹŠ o 9W^kW`Â&#x2021; h[fehjWhed jWc_[dje Z[ bW cedjWÂ&#x2039;W" 2~2,(!.2Ä&#x201D;ĹŠ "#Äą ,;2ĹŠ"#ĹŠ#,(2(.Äą YkoW WYj_l_ZWZ [hkfj_lW i[ -#2ĹŠ!.-ĹŠ! 1% 2ĹŠ YWÂ&#x2021;ZW Z[ Y[d_pW d[]hW" ,~-(, 2ĹŠ"#ĹŠ i_c_bWh W bei ]hWdei Z[ cWdj_[d[ Z[ ceZ[hWZW W !#-(9 ĹŠ8ĹŠ4- ĹŠ #, - !(¢-ĹŠ"#ĹŠ WpÂ&#x2018;YWh" be gk[ YWkiÂ&#x152; ieh# XW`W$ 5 /.1ĹŠ"#ĹŠ %4 Ä&#x201C; fh[iWĂ&#x2021;" ieijkle$ =ehaW Hk_p" [dYWh]WZe

ĹŠ Â&#x161; BW YWÂ&#x2021;ZW Z[ h[i_Zkei

Hk_p jWcX_Â&#x192;d f_Z_Â&#x152; W bW Y_k# ZWZWdÂ&#x2021;W gk[ [l_j[ Y_hYkbWh feh bW YWhh[j[hW gk[ kd[ W F[d_f[ Yed 8WÂ&#x2039;ei" feh YkWdje i[ ^Wd h[fehjWZe Z[iY[diei Z[ W]kW beZeiW feh bWi gk[XhWZWi$ (#2%.

;njhWe\_Y_Wbc[dj[" i[ YedeY[ gk[ kdW YWc_ed[jW gk[ZÂ&#x152; WjhW# fWZW Y[hYW Z[ (* ^ehWi [d kd jhWce Z[ bW gk[XhWZW 7Y^kfW# bbWb" o Z[X_Â&#x152; i[h h[iYWjWZW Yed bW WokZW Z[ kdW ]hÂ&#x2018;W$

Ä&#x201C;ĹŠ !34 +,#-3#Ä&#x201D;ĹŠ #1-;-ĹŠ (%4#1 ĹŠ31 ) ĹŠ#-ĹŠ !4 5(2 Ä&#x201C;

, '# (Ĺ&#x2039; (Ĺ&#x2039; -* Â&#x2DC; Ĺ&#x2039; Ĺ&#x2039; * ,#) #-. Ĺ&#x2039; / .),# () Ä&#x201D;ĹŠ ĹŠÄ&#x203A; F[h_eZ_ijWi Z[ CÂ&#x192;n_#

#!4#1". Ĺ&#x2014;ĹŠĹŠĹŠ

Ye" 8eb_l_W" 8hWi_b" 7h][dj_dW o ;YkWZeh \k[hed ]WbWhZedWZei Wo[h Yed bei Fh[c_ei Z[ F[h_e# , .2ĹŠ2# + 1.-ĹŠ!.,.ĹŠ#+ĹŠ ,.,#-3.ĹŠÄĄ,;2ĹŠ".+.1.2.ĢŊ#ĹŠÄĄ(,Äą Z_ice H[o Z[ ;ifWÂ&#x2039;W$ / !3 -3#ĢŊ!4 -".ĹŠ ĹŠ4-.2ĹŠÄ&#x2C6;Ä&#x2021;ĹŠ,#31.2ĹŠ Kd fhe]hWcW [c_j_Ze [d Z_# "#ĹŠ#++.2Ä&#x201D;ĹŠ#+ĹŠ/.+(!~ ĹŠ 1.(+;-ĹŠ (,_-#9ĹŠ h[Yje feh ;YkWl_iW" Wb gk[ bbW# ! 8¢Ŋ'#1(".ĹŠ8ĹŠ/#2#ĹŠ ĹŠ+.2ĹŠ(-3#-3.2ĹŠ/.1ĹŠ cWhed Ă&#x2C6;)& Z[ i[fj_[cXh[0 [djh[ 2.!.11#1+.Ä&#x201D;ĹŠ$ ++#!(¢Ä&#x201C;ĹŠĹŠ bW l_ZW o bW ck[hj[Ă&#x2030;" WY[hYW Z[ bW h[j[dY_Â&#x152;d Z[b fh[i_Z[dj[" HW\W[b 9ehh[W" ZkhWdj[ kdW ikXb[lW# hhkfjei o YkWdZe dei _dikbjWd Z[ Y_Â&#x152;d feb_Y_Wb" b[i lWb_Â&#x152; W iki Wkje# [iW cWd[hW" Z[ \ehcW ][d[hWb_# h[i" >[hd|d >_]k[hW o 7djed_e pWZW" _dikbjWd" _dYbkie" W gk_[d[i ;ZkWhZe DWhl|[p" [b Fh[c_e [d dei ^[cei `k]WZe bW l_ZW feh bb[# bW YWj[]ehÂ&#x2021;W Z[ j[b[l_i_Â&#x152;d$ lWh bW _d\ehcWY_Â&#x152;d Wb fWÂ&#x2021;iĂ&#x2021;" Z_`e$ ;b `khWZe lWbehÂ&#x152;" [djh[ ejhei Ă&#x2020;?dikbjWd W dk[ijhWi \Wc_b_Wi" Wif[Yjei" [b h_[i]e gk[ Wc_]ei" _dikbjWd W jeZe [b Yehh_[hed bei f[h_eZ_ijWi ĹŠ ckdZe o [ie de [i fei_Xb[ fWhW dWhhWh [b WYedj[Y_# gk[ i[ i_]W ZWdZeĂ&#x2021;" i[Â&#x2039;WbÂ&#x152; c_[dje [d l_le$ +ĹŠ)41 ".ĹŠ#2345.ĹŠ >_]k[hW$ >_]k[hW Z_`e gk[ [b #-! #9 ".ĹŠ/.1ĹŠ ;b fh[i_Z[dj[ Z[ ;YkW# fh[c_e [i Ă&#x2020;kd ^ec[dW`[ W .-9 +.ĹŠ #% Ä&#x201D;ĹŠ cWdj_[d[ kd fkbie Zeh "(1#!3.1ĹŠ"#ĹŠ+ ĹŠ jeZW bW fh[diW [YkWjeh_W# %#-!( ĹŠ Yed Y_[hjei c[Z_ei Z[ Ye# 2/  .+ ĹŠ"#ĹŠ dW" fÂ&#x2018;Xb_YW" fh_lWZW" Ye# ../#1 !(¢-ĹŠ ckd_YWY_Â&#x152;d fh_lWZei W ckd_jWh_WĂ&#x2021; o kdW ck[ijhW -3#1- !(.- +ĹŠ bei gk[ WYkiW Z[ Z[\[dZ[h / 1 ĹŠ#+ĹŠ Z[ gk[ Ă&#x2020;[b f[h_eZ_ice gk[ #2 11.++.ĹŠ _dj[h[i[i fWhj_YkbWh[i o W ^WY[cei [d ;YkWZeh [i ĸ #!("ÄšÄ&#x201D;ĹŠ8ĹŠ:+#7ĹŠ 1()#+,.Ä&#x201D;ĹŠ/1#2(Äą c[dkZe Whh[c[j[ YedjhW "#-3#ĹŠ"#ĹŠ+ ĹŠ jhWdifWh[dj[Ă&#x2021;$ be gk[ Â&#x192;b bbWcW bW Ă&#x2020;fh[diW Deiejhei de iecei Ye# %#-!( ĹŠ Ä&#x201C; YehhkfjWĂ&#x2021;$


Â&#x192; Ä&#x2026;

Ä Ä&#x192;Ĺ? Ĺ? Ĺ? Ĺ?Ä&#x201A;Ä&#x20AC;Ä Ä&#x201A;Ĺ?

Ĺ? +. Ä&#x152;Ĺ?

ĂżĹ&#x2039;Ĺ&#x2039; )' -Ĺ&#x2039; (/ 0 -Ĺ&#x2039;* , Ĺ&#x2039; -' , & -

bW fWhhegk_W IWd CWj[e" [d ;ic[hWbZWi$ ;b `[\[ Z[ FbWdjW" @kWd Je# hh[i ;ijWY_e" Z_`e gk[ bWi jh[i XecXWi Z[ )&& b_jhei feh i[# ]kdZei oW [ij|d _dijWbWZWi o [ijW i[cWdW i[ cedjWh| bW YkWhjW$ Ă&#x2020;;b cedjW`[ de [i YeiW i[dY_bbW" ^Wo gk[ h[ZkY_h bW XWi[ Z[ ^ehc_]Â&#x152;d" \kdZ_hbW o [if[hWh kdei jh[i ZÂ&#x2021;Wi fWhW bW _dijWbWY_Â&#x152;dĂ&#x2021;" [nfb_YÂ&#x152; Je# hh[i ;ijWY_e$

#).1 1ĹŠ#+ĹŠ2#15(!(.

Ä&#x203A;ĹŠ Jh[i Xec# 7]h[]Â&#x152; gk[ bW Ă&#x2019;dWb_ZWZ XWi gk[ ikYY_edWd [b ĹŠ [i i[]k_h c[`ehWdZe bW W]kW Z[b hÂ&#x2021;e W kdW l[be# [djh[]W Z[ W]kW [d bei Y_ZWZ Z[ )&& b_jhei feh XWhh_ei Z[ bei YWdjed[i i[]kdZe o Zei fWhW h[# "#,;2ĹŠ"#ĹŠ+ 2ĹŠ ., 2Ä&#x201D;ĹŠ+ ĹŠ#-3(Äą ;ic[hWbZWi" H_el[hZ[ Ye][h [b bÂ&#x2021;gk_Ze W +&& " "ĹŠ '.1 ĹŠ3(#-#ĹŠ o 7jWYWc[i$ Ă&#x2020;9kWdZe 4- ĹŠ"1 % ĹŠ04#ĹŠ b_jhei feh i[]kdZe [ij|d #23;ĹŠ31 ) -".ĹŠ i[ j[d]Wd cedjWZWi je# ZWi bWi XecXWi" i[]k# i_[dZe cedjWZWi [d bW / 1 ĹŠ2 ! 1ĹŠ+ ĹŠ 2#"(,#-3 !(¢-ĹŠ fbWdjW Z[ YWfjWY_Â&#x152;d Z[ "#+ĹŠ1~.ĹŠ hWc[dj[ [b i[hl_Y_e i[h| bW ;cfh[iW Z[ 7]kW Fe# 2,#1 +" 2Ä&#x201C; h[]kbWh_pWZe [d jeZei jWXb[ o 7bYWdjWh_bbWZe bei XWhh_ei Z[ ;ic[hWb# ;7F7 IWd CWj[e" kX_YWZW [d ZWiĂ&#x2021;" Yec[djÂ&#x152;$

ÂĄ Ä&#x201C;ĹŠ (-!.ĹŠ ., 2ĹŠ#23;-ĹŠ2(#-".ĹŠ,.-3 " 2ĹŠ#-ĹŠ+ ĹŠ/+ -3 ĹŠ"#ĹŠ! /Äą 3 !(¢-ĹŠ"#ĹŠ+ ĹŠ ,/1#2 ĹŠ"#ĹŠ %4 ĹŠ .3 +#ĹŠ8ĹŠ +! -3 1(++ ".Ŋĸ ĚŊļ -ĹŠ 3#.ÄŚÄ&#x201C;

4 (Ĺ&#x2039;* , Ĺ&#x2039;" && ,Ĺ&#x2039; &Ĺ&#x2039; 60 ,Ĺ&#x2039; Ĺ&#x2039;& Ĺ&#x2039;(#Â&#x2DC; Ĺ&#x2039; (Ĺ&#x2039; (Ĺ&#x2039; &) Yh[[dY_Wi" Wkdgk[ [ie de Z[# Ä&#x201C;Ä&#x203A;ĹŠKdW ck`[h b[lWdjW iki XhWpei Wb Y_[be" Wb j_[cfe gk[ [b[# j_[d[ bW bWXeh Z[ bei h[iYWj_i# lW iki fb[]Wh_Wi$ BW Ă&#x2C6;cWcW oW# jWi$ 9kWjhe Xkpei Z[b =hkfe Y^WaĂ&#x2030;" Yece i[ bbWcW W gk_[d[i Z[ Ef[hWY_ed[i ;if[Y_Wb[i h[Wb_pWd [ijWi Y[h[ced_Wi" \k[ =E;" Z[ bW Feb_YÂ&#x2021;W o YkWjhe [dYec[dZWZW feh Pe_bW 9^Wb|d" [b[c[djei Z[ Wfeoe f[hcW# fWhW gk[ _cfbeh[ fWhW gk[ WfW# d[Y[d [d bW \k[dj[ bWYkijh[$ h[pYW [b YWZ|l[h Z[ ik ^_`W" :[o# 7o[h i[ ikc[h]_[hed feh j[h# i_X_bo" Z[ eY^e WÂ&#x2039;ei Z[ [ZWZ$ BW Y[h ZÂ&#x2021;W Yedi[Ykj_le [d XkiYW Z[i[if[hWZW cWZh[ iÂ&#x152;be [if[hW Z[b YWZ|l[h" f[he jWcfeYe i[fkbjWhbW Z[ WYk[hZe Yed iki ^kXe h[ikbjWZe$ YeijkcXh[i$ BW c[deh Z[iWfW#

.%~23(! ĹŠ h[Y_Â&#x152; [b fWiWZe bkd[i" ĹŠ ;b hWijh[e [cf[pÂ&#x152; W bWi YkWdZe bW Yehh_[dj[ bW ''0)&" Z[cehWhed feh# WhhWijhÂ&#x152; kd a_bÂ&#x152;c[jhe 1 ĹŠ'.8ĹŠ2#ĹŠ gk[ [b Xej[ gk[ fh[ijW ^WijW [b BW]e IWd FWXbe" #2/#1 ĹŠ+ ĹŠ++#% " ĹŠ Fk[hje BW]e" i[ gk[ZÂ&#x152; [d EjWlWbe$ BWi ehWY_e# "#ĹŠ4-ĹŠ'#+(!¢/3#Äą 1.ĹŠ04#ĹŠ 84"#ĹŠ#-ĹŠ i_d YecXkij_Xb[$ :[iZ[ d[i lWd Z_h_]_ZWi Wb JW_# + ĹŠ Ă&#x152;204#" Ä&#x201C; bW :_h[YY_Â&#x152;d Z[ =[ij_Â&#x152;d Z[ H_[i]ei Z[ ?cXWXk# jW ?cXWXkhW" b[ f_Z[d gk[ _dj[hY[ZW Wdj[ [b BW]e" fWhW hW" i[ ZejÂ&#x152; Z[ '& ]Wbed[i Z[ gk[ Z[lk[blW [b Yk[hfe$ ]Wieb_dW fWhW fed[hbe W \kd# BW Y[h[ced_W [i fWhj[ Z[ iki Y_edWh dk[lWc[dj[$

&. Ĺ&#x2039; Ĺ&#x2039; -#!( #Â&#x161;(Ĺ&#x2039; Ĺ&#x2039;,/. -Ĺ&#x2039;., Ĺ&#x2039; ., (-*),. Ĺ&#x2039;#( ),' &

ĹŠ ĹŠ' ĹŠ"#) ".ĹŠ / 2 1ĹŠ".2ĹŠ/+ 9.2ĹŠ / 1 ĹŠ#23#ĹŠ1#04(2(3.Ä&#x201C;ĹŠ '.1 ĹŠ"(!#-ĹŠ04#ĹŠ 2#1;ĹŠ ĹŠÄ&#x192;-ĹŠ"#ĹŠ,#2Ä&#x201C;ĹŠ

;b fbWpe fWhW ejeh]Wh hkjWi o \h[# Yk[dY_Wi Wb jhWdifehj[ fÂ&#x2018;Xb_Ye W [iYWbW dWY_edWb WÂ&#x2018;d de i[ [`[YkjW f[i[ W gk[ bWi Zei \[Y^Wi fh[l_i# jWi fWhW h[eh]Wd_pWh bW jhWdifeh# jWY_Â&#x152;d l[dY_[hed [b - Z[ W]eije Z[ (&'& o [b )' Z[ Z_Y_[cXh[ Z[ (&''$ ;i Z[Y_h" Z[iZ[ [b fh_c[he Z[ [d[he Z[ (&'(" bW 7][dY_W DW# Y_edWb Z[ H[]kbWY_Â&#x152;d o 9edjheb Z[ JhWdifehj[ J[hh[ijh[ Jh|di_# je o I[]kh_ZWZ L_Wb 7DJ Z[XÂ&#x2021;W ]WhWdj_pWh ik fbWd_Ă&#x2019;YWY_Â&#x152;d$ :[ WYk[hZe Yed bW Z_ifei_# Y_Â&#x152;d [d bW jhWdi_jeh_W iÂ&#x192;fj_cW Z[ bW h[\ehcWZW B[o Z[ Jh|di_je" =k_bb[hce 7XWZ" h[fh[i[djWdj[ Ä&#x201C;ĹŠ .2ĹŠ/ 2 )#1.2ĹŠ 2#%41 -ĹŠ04#ĹŠ#7(23#-ĹŠ 11(.2ĹŠ".-"#ĹŠ-.ĹŠ++#% -ĹŠ 42#2ĹŠ Z[b Yeb[Yj_lei @kij_Y_W L_Wb" _dZ_# / 2 " 2ĹŠ+ 2ĹŠÄ&#x2030;Ä&#x2021;Ä&#x2013;Ä&#x2021;Ä&#x2021;Ä&#x201C;ĹŠ YÂ&#x152; gk[ ^WijW [b )' Z[ Z_Y_[cXh[ Z[b WÂ&#x2039;e fWiWZe i[ Z[XÂ&#x2021;W [ijWXb[# Y[h kd fbWd dWY_edWb Z[ hkjWi o \h[Yk[dY_Wi" [d [b gk[ i[ _dYbk_h| [b fhe]hWcW Z[ _cfb[c[djWY_Â&#x152;d (#%.ĹŠ 4(9Ä&#x201D;ĹŠ#234"( -3#ĹŠ"#ĹŠ+ ĹŠ -(5#12(" "ĹŠ #-31 +ĹŠ#-ĹŠ 4(3.Ä&#x201D;ĹŠ(-"(!¢Ŋ04#ĹŠ#2ĹŠ(-"(2Äą Z[ YedjhWjei Z[ ef[hWY_Â&#x152;d gk[ /#-2 +#ĹŠ04#ĹŠ2#ĹŠ' % ĹŠ+ ĹŠ1#5(2(¢-ĹŠ"#ĹŠ143 2ĹŠ/.104#ĹŠ,(#-31 2ĹŠ4-.2ĹŠ 11(.2ĹŠ3(#-#-ĹŠ 31#2ĹŠ.ĹŠ!4 31.2ĹŠ+~-# 2ĹŠ' !( ĹŠ4-ĹŠ,(2,.ĹŠ"#23(-.ĹŠ' 8ĹŠ+4% 1#2ĹŠ".-"#ĹŠ++#% ĹŠ4- ĹŠ2.+ ĹŠ Z[X[h|d [\[YjkWhi[" [d WYY_Â&#x152;d +~-# ĹŠ"#ĹŠ 42Ä&#x201C;ĹŠ Yed`kdjW Yed bei i[Yjeh[i _dc[h# ÄĄ .ĹŠ5(5.ĹŠ#-ĹŠ+ ĹŠ .8 Ä&#x201D;ĹŠ#-ĹŠ#+ĹŠ241ĹŠ"#ĹŠ 4(3.ĹŠ8ĹŠ+.2ĹŠ 42#2ĹŠ/ 1 ĹŠ,(ĹŠ2#!3.1ĹŠ2¢+.ĹŠ31 ) -ĹŠ iei [d bW WYj_l_ZWZ$ ' 23 ĹŠ+ 2ĹŠÄ&#x2C6;Ä&#x2019;Ä&#x2013;Ä&#x160;Ä&#x2021;Ä&#x201D;ĹŠ/ 1 ĹŠ++#% 1ĹŠ ĹŠ,(ĹŠ! 2 ĹŠ,#ĹŠ3.! ĹŠ!.%#1ĹŠ! ,(.-#3 2ĹŠ.ĹŠ 42#3 2ĹŠ04#ĹŠ I_d [cXWh]e" ^WijW [b ce# -.2ĹŠ!. 1 -ĹŠÄ&#x17D;Ä&#x2021;ĹŠ!#-3 5.2ĹŠ#+ĹŠ/ 2 )#ĢÄ&#x201C;ĹŠ c[dje de i[ ^W bb[lWZe W YWXe$ Ă&#x2020;;b [ifÂ&#x2021;h_jk Z[ bW B[o i[ \kdZW# c[djW [d [b fh_dY_f_e kd_l[h# [b cec[dje" i[ ^W ieY_Wb_pWZe de ikfe [b dÂ&#x2018;c[he Z[ hkjWi o \h[# iWb Z[ eh]Wd_pWh [b jhWdifehj[ [b fbWd [djh[ bei jhWdifehj_ijWi Yk[dY_Wi gk[ [n_ij[d [d ;YkWZeh" fWhW c[`ehWh [b jh|di_je$ I_ de fÂ&#x2018;Xb_Yei$ Ă&#x2020;>[cei ^[Y^e kd h[# i[Â&#x2039;WbÂ&#x152; gk[ ^WY[d \WbjW [d [b i[Y# i[ Wfb_YW" c[ Wjh[le W Z[Y_h gk[ Z_i[Â&#x2039;e WZWfjWZe W bW h[Wb_ZWZ" jeh hkhWb$ Ă&#x2020;;d bW I[hhWdÂ&#x2021;W Y[djhWb bei i_d_[ijhei Z[ jh|di_je i[ _d# kdW l[p gk[ [b i_ij[cW ef[h[" fe# o [d [b Eh_[dj[ [n_ij[d feXbWY_e# Yh[c[djWh|d o jWcX_Â&#x192;d bW ceh# Zh[cei l[h_Ă&#x2019;YWh o ced_jeh[Wh d[i gk[ de j_[d[d jhWdifehj[" be jWb_ZWZ o bW cehX_b_ZWZ bei [ij|dZWh[i Z[ i[h# gk[ jhW[ _d\ehcWb_ZWZĂ&#x2021;" l_Y_eĂ&#x2021;$ i[Â&#x2039;WbÂ&#x152;$ feh [ijW YWkiW" Yece oW ĹŠ ĹŠ ikY[Z_Â&#x152; [d (&''" i[]Â&#x2018;d F[Â&#x2039;W Wi[]khÂ&#x152; gk[ bei ZWjei Z[b 8?: 8WdYe ^kXe kd b[lWdjW# 2 )#1.2ĹŠ/#1)4"(! ".2 ?dj[hWc[h_YWde Z[ :[# ĹŠ$(- +#2ĹŠ"#ĹŠ c_[dje Z[ _d\ehcW# @eh][ O|d[p" Z_h_][dj[ Z[

2ĹŠ/. + !(.-#2ĹŠ #-#1.ĹŠ2#ĹŠ++#5 1;ĹŠ iWhhebbe Ă&#x2021;$ bW jhWdifehjWY_Â&#x152;d" _dZ_# ĹŠ! .ĹŠ#+ĹŠ.3.1% Äą Y_Â&#x152;d [d jeZe [b fWÂ&#x2021;i 141 +#2ĹŠ"#ĹŠ+ ĹŠ ,(#-3.ĹŠ"#ĹŠ143 2ĹŠ ieXh[ [b dÂ&#x2018;c[he Z[ (#11 ĹŠ!#-31 +ĹŠ8ĹŠ#+ĹŠ YÂ&#x152; gk[ [b ejeh]Wc_[dje 1(#-3#ĹŠ3(#-#-ĹŠ 8ĹŠ$1#!4#-!( 2ĹŠ ĹŠ #2! + ĹŠ- !(.- +Ä&#x201C;ĹŠ f[hiedWi gk[ kj_b_pWd , 8.1ĹŠ/1. +#, ĹŠ ^W fWiWZe Z[iWf[hY_X_Ze #"(2#Â .ĹŠ"#ĹŠ143 2ĹŠ !.-ĹŠ+ ĹŠ(+#% +(" "Ä&#x201C;ĹŠ [b jhWdifehj[ [d Yed# feh bW 7DJ o WYbWhÂ&#x152; gk[ ;b Z_h[Yjeh Z[ bW 7DJ" jhWij[ Yed [b dÂ&#x2018;c[he bW Y_kZWZWdÂ&#x2021;W [i bW c|i CWkh_Y_e F[Â&#x2039;W" _dZ_YÂ&#x152; f[h`kZ_YWZW fehgk[ [b i[hl_Y_e gk[ [b ejeh]Wc_[dje i[ be h[Wb_# Z[ kd_ZWZ[i$ pWh| W Ă&#x2019;dWb[i Z[ [d[he o gk[" feh 7kdgk[ [b J_jkbWh Z[ bW 7DJ de c[`ehW$

/(-(¢-ĹŠ!(4" " - Ĺ&#x2014;ĹŠĹŠ

)&# v Ĺ&#x2039; /- Ĺ&#x2039; Ĺ&#x2039; - -#()-Ĺ&#x2039; Ĺ&#x2039;" ( ) BW Feb_YÂ&#x2021;W [if[hW j_bbe 9ehh[W o @edWj^Wd Ckh_bbe [dYedjhWh W @eiÂ&#x192; CehW Ik|h[p" 9ehh[W [ijWXWd [d bW >WY_[dZW Â&#x2018;d_Ye ieXh[l_l_[dj[ Z[b ^[Y^e CWh`eh_[" ZedZ[ bei ^WX_jWdj[i i[ f[hYWjWhed Z[ ik Yed# Yh_c_dWb gk[ j[hc_dÂ&#x152; Yed Z_Y_Â&#x152;d$ ;d YWcX_e" CehW" bW l_ZW Z[ kd l_]_bWdj[ Z[ ĹŠ jh|di_je o kd Yec[hY_Wd# gk[ gk[ZÂ&#x152; ^[h_Ze jhWi [b j[ [d [b h[Y_dje ;iYeXWhÂ&#x2021;W 1 2ĹŠ+ ĹŠ/#12#!4Äą WjWgk[" \k[ jhWibWZWZe Z[b YWdjÂ&#x152;d BecWi Z[ IWh# 2(¢-Ä&#x201D;ĹŠ -9 ĹŠ ^WijW [b >eif_jWb Bk_i L[h# ,#- 9¢Ŋ!.-ĹŠ dWpW" Z[ =kWoWgk_b" [d [i# ][dj_bbe" fWhW feZ[h _Z[d# , 3 1ĹŠ ĹŠ4-ĹŠ j_Ă&#x2019;YWh W bei i_YWh_ei gk[ ,#-.1ĹŠ"#ĹŠÄ&#x2C6;Ä&#x2030;ĹŠ jWZe Z[ ]hWl[ZWZ$  .2ĹŠ"#ĹŠ#" "Ä&#x201C;ĹŠ bei WjWYWhed bW jWhZ[ Z[b CWhj_bbe [hW [b fhef_[# c_Â&#x192;hYeb[i$ jWh_e Z[ bW >WY_[dZW" CehW Bei Yk[hfei Z[ OeX[h CWh# [i jhWXW`WZeh Z[ bW fhef_[ZWZ"

Ä&#x203A;ĹŠ

Ä&#x201C;ĹŠ ĹŠ!#1#,.-( ĹŠ -!#231 +ĹŠ2#ĹŠ1# +(9¢Ŋ#-ĹŠ,#"(.ĹŠ"#ĹŠÄ&#x201E;.1#2ĹŠ8ĹŠ +(,#-3.2Ä&#x201D;ĹŠ .$1#!(".2ĹŠ!.,.ĹŠ.$1#-" ĹŠ +ĹŠ (3 ĹŠ , 41 Ä&#x201C;ĹŠ

c_[djhWi gk[ Ckh_bbe" [b[c[dje Z[ bW 9ec_i_Â&#x152;d Z[ Jh|di_je Z[b =kWoWi 9J; $ /341 ".

C_[djhWi jWdje" [b fefkbWY^e Z[b i[Yjeh ikh Z[ =kWoWgk_b YWfjkhÂ&#x152; W <h[ZZo CWdpWXW CWYÂ&#x2021;Wi" Z[ (& WÂ&#x2039;ei Z[ [ZWZ" bk[]e Z[b WiWb# je gk[ [ij[" `kdje W ejhei ik`[jei" Yec[j_[hW YedjhW bei fWiW`[hei Z[ kdW kd_ZWZ Z[ jhWdifehj[ kh# XWde Z[ bW bÂ&#x2021;d[W dÂ&#x2018;c[he ,'$


)3Ĺ&#x2039;()Ĺ&#x2039;" ,v Ĺ&#x2039; / # ( # Ĺ&#x2039; (Ĺ&#x2039; &Ĺ&#x2039; -)Ĺ&#x2039; &Ĺ&#x2039; (#0 ,-)Ĺ&#x2039;

Ä Ä&#x192;Ĺ? Ĺ? Ĺ? Ĺ?Ä&#x201A;Ä&#x20AC;Ä Ä&#x201A;Ĺ?

Ĺ? +. Ä&#x152;Ĺ?

Ä&#x2020;

+ĹŠ-4#5.ĹŠ)4#9ĹŠ 2#Äą %41 ĹŠ-#!#2(3 1ĹŠ 3(#,/.ĹŠ/ 1 ĹŠ!.-.Äą !#1ĹŠ#+ĹŠ/1.!#2.ĹŠ8ĹŠ31 Äą ) 1ĹŠÄĽ2(-ĹŠ/1#2(¢-ÄŚÄ&#x201C;ĹŠ BW WkZ_[dY_W fh[l_ijW fWhW ^eo [d bW I[]kdZW IWbW F[dWb Z[ bW 9ehj[ DWY_edWb Z[ @kij_Y_W" fWhW YedeY[h [b h[Ykhie Z[ YWiWY_Â&#x152;d W bW i[dj[dY_W gk[ f[iW ieXh[ :_W# h_e [b Kd_l[hie" [d [b `k_Y_e gk[ b[ i_]k[ [b fh[i_Z[dj[ HW\W[b 9e# hh[W feh _d`kh_Wi YWbkcd_eiWi" i[ gk[ZÂ&#x152; i_d f_ie$ >WijW [b Y_[hh[ Z[ [ijW [Z_# Y_Â&#x152;d" bW i_jkWY_Â&#x152;d [hW _dY_[hjW" Wkdgk[ [b Yed`k[p f[hcWd[dj[ Z[ [ijW IWbW" =[hWhZe CehWb[i" YedĂ&#x2019;hcÂ&#x152; Wo[h gk[ bW WkZ_[dY_W de i[ h[Wb_pWh|" o gk[ bW b[o [i _]kWb fWhW jeZe [b ckdZe o WgkÂ&#x2021; de ^Wo \Wleh_j_icei fWhW dWZ_[" d_ fWhW [b Fh[i_Z[dj[ Z[ bW H[# fÂ&#x2018;Xb_YW d_ fWhW bei ejhei ik`[jei fheY[iWb[i$

Ŋ .-23(34!(¢-

;ij[ ef[hWZeh Z[ `kij_Y_W WZc_# j_Â&#x152; gk[ bW 9edij_jkY_Â&#x152;d ^WXbW Z[b fh_dY_f_e Z[ Y[b[h_ZWZ" f[he [ie de gk_[h[ Z[Y_h gk[ j[d]Wd gk[ cWZhk]Wh W h[iebl[h [ijW h[YkiWY_Â&#x152;d$ Ă&#x2020;>[cei Z[ jhWXW`Wh Yece f[hiedWi ^kcWdWc[dj[ hWY_e# dWb[i" i_d fh[i_Â&#x152;d o i_d Wfh[ik# hWc_[djeĂ&#x2021;" Z_`e CehWb[i$ 7Z[bWdjÂ&#x152; gk[ h[Y_Â&#x192;d ^eo h[# l_iWh|d [b fheY[ie o Z[i_]dW# h|d Wb `k[p fed[dj[" bk[]e Z[ be YkWb ^WXh| gk[ h[Wb_pWh [b fhe# o[Yje" [ijkZ_Whbe o iec[j[hbe W Z_iYki_Â&#x152;d" fWhW ik feij[h_eh dej_Ă&#x2019;YWY_Â&#x152;d$ =[hWhZe CehWb[i l[ feYe fhe# XWXb[ gk[ [ije eYkhhW _dYbkie [b bkd[i l[d_Z[he" Wkdgk[ de Z[i# YWhjÂ&#x152; gk[ i[ be ^W]W ^eo c_ice i_ bW i_jkWY_Â&#x152;d [i i[dY_bbW" Yece i[hÂ&#x2021;W gk[ bei h[YkiWZei i[ WbbWd[d W bW h[YkiWY_Â&#x152;d$ -3#!#"#-3#2ĹŠ

BW ^_ijeh_W Z[ [ij[ fheY[ie i[ h[cedjW W bei ^[Y^ei Z[b )& Z[ i[fj_[cXh[ Z[ (&'& o j_[d[ gk[ l[h Yed [b h[iYWj[ WhcWZe gk[ i[ ^_pe Z[b fh[i_Z[dj[ HW\W[b 9e# hh[W Z[iZ[ [b ^eif_jWb Z[ bW Feb_#

Ä&#x201C;ĹŠ 1( 2ĹŠ, 1!' 2ĹŠ/ 1 ĹŠ /.8¢Ŋ ĹŠ ( 1(.ĹŠ +ĹŠ -(5#12.Ä&#x201C;ĹŠ

.% ".ĹŠ"#ĹŠ .11# ĹŠ5 ĹŠ'.8ĹŠ ĹŠ+ ĹŠ ĹŠ Ĺ&#x2014;ĹŠĹŠ +#, #13ĹŠ #1 Ä&#x201D;ĹŠ .% ".ĹŠ/ 31.!(- ".1ĹŠ"#ĹŠ+ ĹŠ04#1#++ ĹŠ/#- +ĹŠ"#+ĹŠ/1#2("#-3#ĹŠ $ #+ĹŠ .11# ĹŠ!.-31 ĹŠ ( 1(.ĹŠ +ĹŠ -(5#12.Ä&#x201D;ĹŠ!.-Ä&#x192;1,¢Ŋ04#ĹŠ !4"(1;ĹŠ'.8ĹŠ ĹŠ+ ĹŠ 4"(#-!( ĹŠ "#ĹŠ! 2 !(¢-ĹŠ04#ĹŠ2#ĹŠ3(#-#ĹŠ/1#5(23 ĹŠ#-ĹŠĹŠ+ ĹŠ #%4-" ĹŠ2 + ĹŠ #- +ĹŠ"#ĹŠ+ ĹŠ .13#ĹŠ !(.- +ĹŠ "#ĹŠ 423(!( Ä&#x201C; #%Ă&#x152;-ĹŠ"().Ä&#x201D;ĹŠ' 23 ĹŠ 8#1ĹŠ#-ĹŠ'.1 2ĹŠ"#ĹŠ+ ĹŠ3 1"#ĹŠ-.ĹŠ$4#ĹŠ-.3(Ä&#x192;! ".ĹŠ!.-ĹŠ-(-%4- ĹŠ /1.5("#-!( ĹŠ2. 1#ĹŠ+ ĹŠ242/#-2(¢-ĹŠ"#ĹŠ+ ĹŠ,(2, Ä&#x201D;ĹŠ/#1.ĹŠ#-ĹŠ! 2.ĹŠ"#ĹŠ-.ĹŠ1#2.+5#12#ĹŠ '.8ĹŠ+ ĹŠ1#!42 !(¢-ĹŠ ĹŠ+.2ĹŠ)4#!#2ĹŠ"#ĹŠ#23 ĹŠ + Ä&#x201D;ĹŠ +ĹŠ -(5#12.ĹŠ4- ĹŠ5#9ĹŠ,;2ĹŠ' 1~ ĹŠ "#,.231 ".ĹŠ24ĹŠ(-,.1 +(" "Ä&#x201D;ĹŠ +ĹŠ' #1ĹŠ,#"( -3#ĹŠ+#%4+#8 " 2ĹŠ#-3.1/#!(".ĹŠ#+ĹŠ /1.!#2.Ä&#x201C; ÄĄ .,.ĹŠ2#ĹŠ2 #-ĹŠ!4+/ +#2ĹŠ-.ĹŠ04(#1#-ĹŠ!.,/ 1#!#1ĹŠ -3#ĹŠ+ ĹŠ)423(!( ĢÄ&#x201D;ĹŠ"().ĹŠ#+ĹŠ )41(23 Ä&#x201C;

YÂ&#x2021;W DWY_edWb" fheZkYje Z[ be YkWb Z[ [ij[ hejWj_le ]kWoWgk_b[Â&#x2039;e i[ ^kXe lWh_ei ck[hjei o ckY^ei ^W Z[i[dlk[bje [d bei `kp]WZei ^[h_Zei$ o jh_XkdWb[i Z[b =kWoWi" fh_# F[he" jeZe Yec_[dpW [d \[# c[he Yed bW i[dj[dY_W Z[b `k[p Xh[he Yed bW fkXb_YWY_Â&#x152;d Z[ kd @kWd FWh[Z[i" gk[ ^W i_Ze Yk[i# WhjÂ&#x2021;Ykbe Z[ ef_d_Â&#x152;d Ă&#x2019;hcWZe feh j_edWZW fehgk[ i[ ieif[Y^W gk[ ;c_b_e FWbWY_e" [d [b gk[ i[ b[ de \k[ h[ZWYjWZW feh gk_[d Z_Y[ Wjh_Xko[ Wb fh[i_Z[dj[ 9e# i[h ik Wkjeh [ _dYbkie ^Wo hh[W ^WX[h ehZ[dWZe WXh_h ĹŠ Y_[hjWi [l_Z[dY_Wi gk[ [i# \k[]e YedjhW [b ^eif_jWb Z[ j|d i_[dZe _dl[ij_]WZWi bW Feb_YÂ&#x2021;W" [b \WjÂ&#x2021;Z_Ye )&#I$ [d bW <_iYWbÂ&#x2021;W" Yece [i [b 7b c[i i_]k_[dj[" [ije +ĹŠ! 2.ĹŠ"#ĹŠ +ĹŠ YWie Z[b i_ij[cW ef[hWj_# -(5#12.ĹŠ2#ĹŠ' ĹŠ [i [d cWhpe" [b Fh[i_Z[dj[ "#2#-54#+3.ĹŠ#-ĹŠ le kikWh_e _Z[dj_Ă&#x2019;YWZe Z[ bW H[fÂ&#x2018;Xb_YW fbWdj[W +.2ĹŠ)49% ".2ĹŠ8ĹŠ Yece Ă&#x2C6;9^kYao I[l[dĂ&#x2030;$ 31( 4- +#2ĹŠ"#+ĹŠ kdW Z[cWdZW YedjhW [b 4 8 2Ä&#x201C; ;i c|i" i[ ^Wd ^[Y^e Z_h[Yjeh Z[ ef_d_Â&#x152;d Z[b fÂ&#x2018;Xb_Yei Wb]kdei WhY^_# :_Wh_e ;b Kd_l[hie" ;c_# lei Z[ j[njei Yed Y_[hjei b_e FWbWY_e o bei Z_h[Yj_lei 9Wh# Xeb[j_d[i Z[ fh[diW h[c_j_Zei bei" 9Â&#x192;iWh o D_Yeb|i FÂ&#x192;h[p" [d bW W bei c[Z_ei Z[ Yeckd_YWY_Â&#x152;d gk[ ieb_Y_jW kdW _dZ[cd_pWY_Â&#x152;d feh bei WXe]WZei 7b[cX[hj o feh ZWÂ&#x2039;ei o f[h`k_Y_ei Z[ .& =kj[cX[h] L[hW" fWjheY_dW# c_bbed[i Z[ ZÂ&#x152;bWh[i o ) WÂ&#x2039;ei Z[ Zeh[i Z[ bW gk[h[bbW f[dWb Z[b fh_i_Â&#x152;d$ fh[i_Z[dj[ 9ehh[W" gk[ ^WXhÂ&#x2021;Wd i_Ze Yh[WZei Yed bW l[hi_Â&#x152;d f_# hWjW Z[b i_ij[cW ef[hWj_le M_d# +ĹŠ! +5 1(. :[ W^Â&#x2021; [d WZ[bWdj[" [b Ă&#x2020;YWblWh_eĂ&#x2021; Zemi Ă&#x2C6;9^kYao I[l[dĂ&#x2030;$

"(3.1( +ĹŠ"#+ĹŠ/#1(¢"(!.ĹŠ ĹŠ ŊĸÄ&#x2C6;Ä&#x2C6;ÄąÄ&#x2021;Ä&#x2C6;ÄąÄ&#x2030;Ä&#x2021;Ä&#x2C6;Ä&#x2030;Äš

ĹŠĹŠ $ #+ĹŠ .11# Ä&#x201D;ĹŠ4-ĹŠ !¢+(3.ĹŠ 43.!1;3(!.ĹŠ"#ĹŠ 4%.ĹŠ ';5#9Ä&#x201D;ĹŠ04(#-ĹŠ#2ĹŠ424 +ĹŠ8ĹŠ,#1#Äą Ĺ&#x2014;!#".1 ,#-3#ĹŠ(%-.1 ".ĹŠ$4#1 ĹŠ"#ĹŠ24ĹŠ/1./(.ĹŠ/ ~2Ä&#x201D;ĹŠ. 3#-"1;ĹŠ4-ĹŠ/.!.ĹŠ"#ĹŠ 3#-!(¢-ĹŠ#+ĹŠ

)4#5#2Ŋĸ 8#1ĚŊ!4 -".ĹŠ2# ĹŠ -Ä&#x192;31(¢-ĹŠ"#+ĹŠ/1#2("#-3#ĹŠ(1 -~Ä&#x201D;ĹŠ ',.4"ĹŠ ', "(-#8 "Ä&#x201C;ĹŠ (#-31 2ĹŠ"(2$143 ĹŠ#+ĹŠ 41 ĹŠ"#ĹŠ2#1ĹŠ4-ĹŠ,;2ĹŠ-.3.1(.ĹŠ/ 1( ĹŠ(-3#1- !(.- +Ä&#x201D;ĹŠ/#1,~3 --.2ĹŠ 1#!.-3 1ĹŠ/.1ĹŠ+.ĹŠ04#ĹŠ#+ĹŠ2# .1ĹŠ .11# ĹŠ1# +,#-3#ĹŠ,#1#!#ĹŠ2#1ĹŠ!.-.!(".Ä&#x2013;ĹŠ#+ĹŠ,;2ĹŠ#73#-Äą 2.ĹŠ8ĹŠ"#2/( " ".ĹŠ 2 +3.ĹŠ ĹŠ+ ĹŠ/1#-2 ĹŠ+( 1#ĹŠ#-ĹŠ, 1!' ĹŠ#-ĹŠ#+ĹŠ #,(2$#1(.ĹŠ !!("#-3 +Ä&#x201C; 23#ĹŠ5(#1-#2Ŋĸ'.8ÄšÄ&#x201D;ĹŠ+4#%.ĹŠ"#ĹŠ+ ĹŠ"#2/#"(" ĹŠ(1 -~Ä&#x201D;ĹŠ+ ĹŠ .13#ĹŠ !(.- +ĹŠ"#ĹŠ 423(!( ĹŠ #-ĹŠ 4(3.ĹŠ3(#-#ĹŠ/1#5(23.ĹŠ#2!4!' 1ĹŠ+ ĹŠ /#+ !(¢-ĹŠÄ&#x192;- +ĹŠ"#ĹŠ31#2ĹŠ"(1#!3.1#2ĹŠ"#ĹŠ4-.ĹŠ"#ĹŠ+.2ĹŠ ,;2ĹŠ5#-#1 +#2ĹŠ/#1(¢"(!.2ĹŠ"#ĹŠ 3(-. ,_1(! Ä&#x201D;ĹŠĹŠ +ĹŠ -(5#12.Ä&#x201D;ĹŠ +ĹŠ04#ĹŠ#+ĹŠ2# .1ĹŠ .11# ĹŠ #23;ĹŠ +ĹŠ .1"#ĹŠ"#ĹŠ"#2314(1ŊĸÄ&#x201C;Ä&#x201C;Ä&#x201C;Äš #2#ĹŠ ĹŠ04#ĹŠ#+ĹŠ2# .1ĹŠ ';5#9Ä&#x201D;ĹŠ/1#2("#-3#ĹŠ5#-#9.+ -.Ä&#x201D;ĹŠ' ĹŠ3., ".ĹŠ#+ĹŠ/."#1ĹŠ"#ĹŠ + ĹŠ, 8.1~ ĹŠ"#ĹŠ+.2ĹŠ,#"(.2ĹŠ"#ĹŠ3#+#5(2(¢-ĹŠ8ĹŠ1 "(.ĹŠ#-ĹŠ24ĹŠ/ ~2Ä&#x201D;ĹŠ Ă&#x152;-ĹŠ-.ĹŠ2#ĹŠ' ĹŠ 31#5(".ĹŠ ĹŠ 3 ! 1ĹŠ/#1(¢"(!.2ĹŠ'(23¢1(!.2ĹŠ!.,.ĹŠ +ĹŠ -(5#12.ŊĸÄ&#x201C;Ä&#x201C;Ä&#x201C;ĚŊ

.2ĹŠ/#1(."(23 2ĹŠ04#ĹŠ2#ĹŠ 31#5#-ĹŠ ĹŠ2#1ĹŠ!1~3(!.2ĹŠ2.-ĹŠ. )#3.2ĹŠ"#ĹŠ"#, -" 2ĹŠ/.1ĹŠ "($ , !(¢-ĹŠ(,/4+2 " 2ĹŠ/.1ĹŠ#+ĹŠ 1#2("#-3#Ä&#x201D;ĹŠ04(#-ĹŠ 2(23#ĹŠ ĹŠ+ 2ĹŠ 4"(#-!( 2ĹŠ8ĹŠ +%4- 2ĹŠ 5#!#2ĹŠ34(3# ĹŠ"#!(2(.-#2ĹŠ -3#2ĹŠ"#ĹŠ04#ĹŠ2# -ĹŠ -4-!( " 2ŊĸÄ&#x201C;Ä&#x201C;Ä&#x201C;Äš .ĹŠ2.1/1#-"#ĹŠ04#ĹŠ#+ĹŠ2# .1ĹŠ .11# ĹŠ' 8 ĹŠ2(".ĹŠ!1(3(! ".ĹŠ/.1ĹŠ+ ĹŠ #+ 3.1~ ĹŠ/ 1 ĹŠ+ ĹŠ

( #13 "ĹŠ"#ĹŠ 7/1#2(¢-ĹŠ"#ĹŠ+ ĹŠ 1% -(9 !(¢-ĹŠ"#ĹŠ 23 ".2ĹŠ ,#1(! -.2Ä&#x201C;ĹŠ 4ĹŠ1#2/4#23 ĹŠ ' ĹŠ2(".ĹŠ4-ĹŠ(-3#-3.ĹŠ"#ĹŠ"#2/.) 1ĹŠ ĹŠ#23 ĹŠ"#/#-"#-!( ĹŠ"#ĹŠÄ&#x192;- -!( ,(#-3.ĹŠ8ĹŠ"#ĹŠ/."#Äą 1#2Ä&#x201C;ĹŠ .2ĹŠ#, ) ".1#2ĹŠ"#ĹŠ+ ĹŠ ĹŠ"# #1~ -ĹŠ1#!' 9 1ĹŠ#23 ĹŠ,#"(" ĹŠ(-2("(.2 ĹŠ!4 -".ĹŠ 241) ĹŠ ĹŠ24ĹŠ!.-2("#1 !(¢-ĹŠ#23#ĹŠ,#2Ä&#x201C;ĹŠ - ĹŠ !!(¢-ĹŠ,;2ĹŠ /1./( " ĹŠ"#ĹŠ+ ĹŠ ĹŠ"# #1~ ĹŠ 2#1ĹŠ4- ĹŠ1#5(2(¢-ĹŠ"#+ĹŠ !4 ".1ĹŠ ).ĹŠ+ ĹŠ 13 ĹŠ #,.!1;3(! ĹŠ -3#1 ,#1(! - Ä&#x201C;

/ 4Ĺ&#x2039; /#-Ĺ&#x2039; ,(6( 4Ĺ&#x2039;*, - (. Ĺ&#x2039;, (/( # Ĺ&#x2039; &Ĺ&#x2039; ,!)Ĺ&#x2039; Bk_i <[hd|dZ[p F_[ZhW" c_[c# Xhe Z[b Jh_XkdWb Gk_dje Z[ =W# hWdjÂ&#x2021;Wi F[dWb[i Z[ F_Y^_dY^W" fh[i[djÂ&#x152; bW h[dkdY_W _hh[leYWXb[ Wb YWh]e gk[ l[dÂ&#x2021;W Z[i[cf[Â&#x2039;Wd# Ze ^WijW bW \[Y^W$ <[hd|dZ[p \k[ fWhj[ Z[b Jh_# XkdWb gk[ WXiebl_Â&#x152; Wb [nZ_h[Yjeh Z[b ^eif_jWb Z[ bW Feb_YÂ&#x2021;W" 9Â&#x192;iWh 9Whh_Â&#x152;d" gk_[d \k[ WYkiWZe Z[b

ikfk[ije Z[b_je Z[ _dj[dje Z[ cW]d_Y_Z_e bk[]e Z[ bei ^[Y^ei Z[b )& Z[ i[fj_[c# Xh[ Z[ (&'&$ #-4-!( ĹŠ

;d kd c[cehWdZe Z[ \[# Y^W '( Z[ [d[he" Z_h_]_Ze Wb fh[i_Z[dj[ Z[b 9edi[`e Z[ bW @kZ_YWjkhW Z[ JhWdi_#

ĹŠ

.2ĹŠ)4#!#2ĹŠ 4%.ĹŠ (#11 ĹŠ8ĹŠ

!04#+(-#ĹŠ !' ! , Ä&#x201D;ĹŠ"#+ĹŠ 1( 4- +ĹŠ 4(-3.Ä&#x201D;ĹŠ $4#1.-ĹŠ242/#-"(Äą ".2ĹŠ/.1ĹŠÄ&#x2019;Ä&#x2021;ĹŠ"~ 2Ä&#x201C;ĹŠ

Y_Â&#x152;d 9@J " FWkbe HeZhÂ&#x2021;# ]k[p" [b `k[p i[Â&#x2039;WbW gk[ [d \ehcW b_Xh[ o lebkdjW# h_W fh[i[djW ik h[dkdY_W _hh[leYWXb[ Wb YWh]e$ 7kdgk[ [d [b ZeYk# c[dje" <[hd|dZ[p de fkdjkWb_pÂ&#x152; Yk|b[i \k[# hed bei cej_lei gk[ b[ bb[lWhed W jecWh [ijW

Z[Y_i_Â&#x152;d" W [ij[ :_Wh_e Z_`e0 Ă&#x2020;De gk_[he i[h kd [ijehXe XW`e d_d# ]kdW Y_hYkdijWdY_W fWhW [b dk[# le fheo[YjeĂ&#x2021;$ ;b `k[p WZc_j_Â&#x152; gk[ Z[`W bW <kdY_Â&#x152;d @kZ_Y_Wb Yed ckY^e f[# iWh" Z[ifkÂ&#x192;i Z[ ^WX[h bWXehWZe feh (& WÂ&#x2039;ei" f[he gk[ j_[d[ bW [if[hWdpW gk[ bei YWcX_ei gk[ i[ [ij|d ZWdZe i[Wd Xk[dei$

"5#13#-!( ĹŠ - ĹŠ5#9ĹŠ04#ĹŠ2#ĹŠ!.-.!(¢Ŋ+ ĹŠ2#-3#-!( ĹŠ04#ĹŠ Ĺ&#x2014;1 3(Ä&#x192;!¢Ŋ+ ĹŠ(-.!#-!( ĹŠ"#+ĹŠ!.1.-#+ĹŠ _2 1ĹŠ Äą 11(¢-Ä&#x201D;ĹŠ#+ĹŠ,(-(231.ĹŠ"#+ĹŠ -3#1(.1Ä&#x201D;ĹŠ .2_ĹŠ #11 -.Ä&#x201D;ĹŠ -4-!(¢Ŋ04#ĹŠ"#, -" 1;ĹŠ/.1ĹŠÄĄ/1#5 1(! 3.ĢŊ ĹŠ+.2ĹŠ)4#!#2ĹŠ"#+ĹŠ 1( 4- +Ä&#x201C;ĹŠ

ĹŠ #11 -.ĹŠ "4).ĹŠ04#ĹŠ+.2ĹŠ)4#!#2ĹŠ(-. 2#1Äą Ĺ&#x2014;5 1.-ĹŠ+ 2ĹŠ/14# 2ĹŠ04#ĹŠ/1#2#-3¢Ŋ+ ĹŠ/ 13#ĹŠ

!42 ".1 ĹŠ+ 2ĹŠ04#ĹŠ(-!4+/ -ĹŠ ĹŠ3.".2ĹŠ+.2ĹŠ /.+(!~ 2ĹŠ04#ĹŠ2#ĹŠ#-!.-31 -ĹŠ/1.!#2 ".2ĹŠ /.1ĹŠ#+ĹŠ24/4#23.ĹŠ"#+(3.ĹŠ"#ĹŠ3#-3 3(5 ĹŠ"#ĹŠ 2#2(- 3.ĹŠ +ĹŠ/1#2("#-3#ĹŠ $ #+ĹŠ .11# Ä&#x201C;


Ä&#x2021;

Ä Ä&#x192;Ĺ? Ĺ? Ĺ? Ĺ?Ä&#x201A;Ä&#x20AC;Ä Ä&#x201A;Ĺ?

Ĺ? +. Ä&#x152;Ĺ?

Ä&#x201C; Ä&#x201C;ĹŠ(,/4+2 ĹŠ ,;2ĹŠ

Ĺ&#x2014;ĹŠĹŠĹŠ

ĹŠ ĹŠÄ&#x203A; ;b fh[i_Z[dj[ Z[ bW 9|cWhW Z[ 9ec[hY_e Z[ ;;$KK$" Jec :ede^k[" Z_`e Wo[h gk[ [if[hW feZ[h l_W`Wh W 8hWi_b" 7h][dj_# dW" ;]_fje" ?dZed[i_W o 9^_dW" [djh[ ejhei" fWhW fhecel[h WYk[hZei Yec[hY_Wb[i Yed [iei fWÂ&#x2021;i[i" Wb fh[i[djWh bW W][dZW [YedÂ&#x152;c_YW Z[b eh]W# d_ice [d [ij[ WÂ&#x2039;e [b[YjehWb$ Ă&#x2020;;if[he l_W`Wh W 8hWi_b" 7h][dj_dW" o W lWh_ei Z[ [iei ejhei bk]Wh[i [ij[ WÂ&#x2039;eĂ&#x2021;" W]h[]Â&#x152; :ede^k[$ I[Â&#x2039;WbÂ&#x152; gk[ [b /+ Z[ bei Yedikc_Zeh[i fWhW fheZkYjei [ijWZekd_Z[di[i i[ [dYk[djhWd [d [b [nj[h_eh$

#ĹŠ+ -9 ĹŠ#+ĹŠ Â .ĹŠ "#ĹŠ!../#1 3(5 2

Ĺ&#x2014;ĹŠ ĹŠĹŠBei Yeef[hWj_l_ijWi [YkW# jeh_Wdei _dWk]khWhed Wo[h [b 7Â&#x2039;e ?dj[hdWY_edWb Z[ bWi 9eef[hWj_lWi" kd WYedj[Y_# c_[dje Z[Yh[jWZe feh bW EDK$ ;b bWdpWc_[dje [d ;YkWZeh i[ ikcÂ&#x152; W bei gk[ i[ [\[YjkWhed i_ckbj|d[Wc[dj[ [d lWh_ei fWÂ&#x2021;i[i$ ;d (&'( i[ h[Wb_pWh| bW h[kd_Â&#x152;d Z[b 9edi[`e Z[ 7Zc_d_ijhWY_Â&#x152;d Z[ bW 7b_WdpW 9eef[hWj_lW ?dj[hdWY_edWb 79? 7cÂ&#x192;h_YWi " [dYk[djhe gk[ feh fh_c[hW l[p i[h| [d ;YkWZeh" [b fh_c[he o ( Z[ cWhpe" Yed bei fh_dY_fWb[i h[fh[i[djWdj[i Z[b Yeef[hWj_# l_ice Z[b Yedj_d[dj[$ EjhW Z[ bWi WYj_l_ZWZ[i i[h| [b Fh_c[h 9edYkhie Wb ;cfh[dZ_c_[dje 9eef[hWj_le$

+ĹŠ/1#!(.ĹŠ"#+ĹŠĹŠĹŠĹŠ !. 1#ĹŠ24 #

Ĺ&#x2014;ĹŠ ĹŠĹŠ;b YeXh[ ikX_Â&#x152; Wo[h W ik cW# oeh d_l[b [d c|i Z[ Zei c[i[i Wb ef[hWh ieXh[ bei .$&&& ZÂ&#x152;# bWh[i feh jed[bWZWi jhWi kdW Z[iWY[b[hWY_Â&#x152;d Z[ bW _dĂ&#x201C;WY_Â&#x152;d WdkWb Z[ 9^_dW o Zei [n_jeiWi YebeYWY_ed[i Z[ Xedei [d ;khefW" gk[ Wb[djWhed W bei c[hYWZei o Z[iWjWhed kdW ebW Z[ YecfhWi Z[ YeX[hjkhW$ ;b YeXh[ fWhW [djh[]W [d jh[i c[i[i [d bW 8ebiW Z[ C[jWb[i Z[ BedZh[i ikX_Â&#x152; YWi_ ) " W .$&&+ feh jed[bWZW$ ;d bW i[i_Â&#x152;d" [b c[jWb ikf[hÂ&#x152; ik fhec[Z_e cÂ&#x152;l_b Z_Wh_e Z[ '&& ZÂ&#x2021;Wi o jh[fÂ&#x152; W .$&-*"+" ik cWoeh d_l[b Z[iZ[ [b + Z[ Z_Y_[cXh[$

ßúÝßÄ&#x2020;Ĺ&#x2039; Ĺ&#x2039; ,#-#-Ĺ&#x2039;- Ĺ&#x2039;., / Ĺ&#x2039; (Ĺ&#x2039; ' 3),Ĺ&#x2039; $ Ĺ&#x2039; Ĺ&#x2039;, ' - -Ĺ&#x2039; &Ĺ&#x2039;* v-Ĺ&#x2039; 41./ ĹŠ-.ĹŠ/ Äą 1#!#ĹŠ+#5 -3 12#ĹŠ8ĹŠ +.2ĹŠ#!4 3.1( -.2ĹŠ 2(%4#-ĹŠ2(-ĹŠ#,/+#.Ä&#x201C;ĹŠ (5(2 2ĹŠ! #-Ä&#x201C; CWhY[be 9|Y[h[i" [YkWjeh_Wde h[i_Z[dj[ [d ;ifWÂ&#x2039;W" f_[diW h[# ]h[iWh W ;YkWZeh bk[]e Z[ jh[i WÂ&#x2039;ei Z[ [cfb[e _d[ijWXb[$ >WY[ kdW i[cWdW be Z[if_Z_[hed Z[ ik Â&#x2018;bj_ce jhWXW`e feh h[Yehj[ Z[ f[hiedWb$ ;hW `[\[ Z[ cWdj[d_# c_[dje Z[ kd [Z_Ă&#x2019;Y_e _dj[b_][dj[ [d bW pedW Z[ L_bbW Z[ LWbb[YWi CWZh_Z $ Ă&#x2020;Fh[Ă&#x2019;[he h[]h[iWh W c_ fWÂ&#x2021;i W kX_YWhc[ [d kd d[]eY_e Z[ bW \Wc_b_W Z[ c_ [ifeiW" Wdj[i gk[ i[]k_h WiÂ&#x2021;Ă&#x2021;" Yec[djÂ&#x152;$ CWhY[be de [i [b Â&#x2018;d_Ye Wb gk[ b[ fWiWd [iWi _Z[Wi feh bW YWX[pW$ BW Yh_i_i [khef[W ^W fk[ije [d `Wgk[ W bei [YkWjeh_Wdei$ ;b \kjk# he" fh_dY_fWbc[dj[ [d ;ifWÂ&#x2039;W [ ?jWb_W de [i dWZW Wb[djWZeh$ ;ije i[ jhWZkY[ [d [b fWÂ&#x2021;i" [d XW`W Z[ h[c[iWi$ 7dWb_ijWi Ye_dY_Z[d [d gk[ bW Yh_i_i i[]k_h| o W\[YjWh| [b Ă&#x201C;k`e Z[ ZÂ&#x152;bWh[i W ;YkWZeh" be Yk|b Z[# i[gk_b_XhWh|" WÂ&#x2018;d c|i" bW XWbWdpW Z[ fW]ei gk[ h[]_ijhW jeZe be gk[ _d]h[iW o iWb[ Z[b fWÂ&#x2021;i $ I[]Â&#x2018;d ZWjei Z[b 8WdYe 9[d# jhWb Z[b ;YkWZeh 89; " bWi h[# c[iWi i_]k[d i_[dZe bW i[]kdZW \k[dj[ c|i _cfehjWdj[ Z[ _d]h[# ie Z[ Z_l_iWi fWhW ;YkWZeh" i_d YedjWh Yed bei YhÂ&#x192;Z_jei [nj[hdei$

Ä&#x201C;ĹŠ -ĹŠ%14/.ĹŠ"#ĹŠ"#2#,/+# ".2ĹŠ' !#ĹŠÄ&#x192;+ ĹŠ#-ĹŠ4- ĹŠ"#ĹŠ+ 2ĹŠ.Ä&#x192;!(- 2ĹŠ"#ĹŠ#,/+#.ĹŠ"#ĹŠ "1("Ä&#x201C;ĹŠ

BWi [nfehjWY_ed[i [i bW fh_dY_fWb \k[dj[" ^WijW eYjkXh[ Z[ (&'' h[# fh[i[djWhed '-$-&( c_bbed[i Z[ ZÂ&#x152;bWh[i$ BWi h[c[iWi" [d YWcX_e" h[# fh[i[djWhed '$-*) c_bbed[i Z[ ZÂ&#x152;bWh[i ^WijW i[fj_[cXh[ Z[ (&''" i[]Â&#x2018;d bWi Â&#x2018;bj_cWi Y_\hWi eĂ&#x2019;Y_Wb[i$ Ă&#x2020;Fk[Z[d WbYWdpWh bei ($&&& c_# bbed[i" f[he _]kWb i[h| c|i XW`e gk[ [b WÂ&#x2039;e Wdj[h_ehĂ&#x2021;" WdejÂ&#x152; FWXbe :|lWbei" WdWb_ijW [YedÂ&#x152;c_Ye$ :[ ^[Y^e" i_ i[ YecfWhW Yk|dje h[# Y_X_Â&#x152; [b fWÂ&#x2021;i lÂ&#x2021;W c_]hWdj[i ^WY[

5.+4!(¢-Ŋ #,#2 2

 .ĹŠ ĹŠ Ä&#x2030;Ä&#x2021;Ä&#x2021;Ä?ĹŠ Ä&#x2030;Ä&#x2021;Ä&#x2021;Ä&#x2018;ĹŠ Ä&#x2030;Ä&#x2021;Ä&#x2021;Ä&#x2019;ĹŠ Ä&#x2030;Ä&#x2021;Ä&#x2C6;Ä&#x2021;ĹŠ Ä&#x2030;Ä&#x2021;Ä&#x2C6;Ä&#x2C6;Ŋĸ ĹŠ2#/3(#, 1#ĚŊ

Ĺ&#x152;ĹŠ#-ĹŠ,(++.-#2ĹŠ ĹŠ Ä&#x160;Ä&#x201C;Ä&#x2021;Ä&#x2018;Ä?Ä&#x201D;Ä&#x2019;ĹŠ Ä&#x2030;Ä&#x201C;Ä&#x2018;Ä&#x2030;Ä&#x2C6;Ä&#x201D;Ä?ĹŠ Ä&#x2030;Ä&#x201C;Ä&#x152;Ä&#x2019;Ä&#x17D;Ä&#x201D;Ä&#x152;ĹŠ Ä&#x2030;Ä&#x201C;Ä&#x160;Ä&#x2030;Ä&#x152;ĹŠ Ä&#x2C6;Ä&#x201C;Ä?Ä&#x152;Ä&#x160;Ä&#x201D;Ä&#x2030;ĹŠ

Ĺ&#x2019;ĹŠ"#ĹŠ%(1.2 #-ĹŠ,(++.-#2 Ä&#x2018;Ä&#x201D;Ä&#x2018;ĹŠĹŠ Ä?Ä&#x201D;Ä&#x2018; Ä?Ä&#x201D;Ä&#x2030; Ä?Ä&#x201D;Ä? .ĹŠ"(2/.-( +#ĹŠ

4#-3#Ä&#x2013;ĹŠ

Y_dYe WÂ&#x2039;ei" bW h[ZkYY_Â&#x152;d [i Z[b ;d [ijei fWÂ&#x2021;i[i Ă&#x2020;de ^WXh| h[# )+ l[h h[YkWZhe $ 7Â&#x2039;e W WÂ&#x2039;e Ykf[hWY_Â&#x152;d Z[b [cfb[e o ^WXh| ^Wo YWÂ&#x2021;ZWi$ h[Yehj[i Ă&#x2019;iYWb[i c|i \k[hj[i" [ije i_]d_Ă&#x2019;YW gk[ i[ h[ZkY_h|d bWi h[# c[iWiĂ&#x2021;" WÂ&#x2039;WZ_Â&#x152; 9h[ife$ -.1 , ĹŠ HWc_he 9h[ife" WdWb_ijW [YedÂ&#x152;# c_Ye" _dZ_YÂ&#x152; gk[ WYWXW Z[ h[]h[# $#!3.2 iWh Z[ ;ifWÂ&#x2039;W o YedijWjÂ&#x152; gk[ Ă&#x2020;bW BW YWÂ&#x2021;ZW Z[ [ijei Z_d[hei W\[YjW i_jkWY_Â&#x152;d [ij| ]hWl[" [b Z[i[c# Wb fWÂ&#x2021;i fehgk[ Ă&#x2020;_cfb_YWd c[dei fb[e i_]k[ Wbje" bW YedijhkYY_Â&#x152;d Z_d[he fWhW bW [YedecÂ&#x2021;W [i Z[Y_h" de i[ h[Ykf[hW o [hW bW fh_dY_fWb bWi f[hiedWi gk[ h[Y_X[d j[dZh|d \k[dj[ Z[ [cfb[e Z[ bei c[dei fWhW YecfhWh o c_]hWdj[iĂ&#x2021;" _dZ_YÂ&#x152;$ :[ i[Yjeh[i Yece bW Yedi# ^[Y^e" bWi fh[l_i_ed[i jhkYY_Â&#x152;d [d ZedZ[ i[ _d#

ĹŠ cWYhe[YedÂ&#x152;c_YWi Z[ [i[ "#ĹŠ"#2#,/+# Äą l[hjÂ&#x2021;W [ij[ Z_d[he oW de ".2ĹŠ#7(23#-ĹŠ#-ĹŠ fWÂ&#x2021;i de ied Wb[djWZehWi$ 2/ Â Ä&#x201D;ĹŠ2#%Ă&#x152;-ĹŠ#+ĹŠ i[ X[d[Ă&#x2019;Y_Wh|dĂ&#x2021;" [nfb_YÂ&#x152; ;b <edZe Ced[jWh_e ?d# %. (#1-.ĹŠ"#ĹŠ#2#ĹŠ 9h[ife$ / ~2Ä&#x201C;ĹŠ j[hdWY_edWb <C? " feh :|lWbei" feh ik [`[cfbe" h[XW`Â&#x152; bW fheo[Y# fWhj[" i[Â&#x2039;WbÂ&#x152; gk[ [d Y_Â&#x152;d Z[ Yh[Y_c_[dje Z[b FheZkYje jÂ&#x192;hc_dei cWYhe[YedÂ&#x152;c_Yei ?dj[h_eh 8hkje F?8 fWhW (&'( Z[ i_]d_Ă&#x2019;YWh|d cWoeh Z[i[gk_b_# '", W ' $ Xh_e [d bW XWbWdpW Z[ fW]ei Z[b ;b =eX_[hde [ifWÂ&#x2039;eb jWcX_Â&#x192;d fWÂ&#x2021;i fehgk[ i[h| c|i Z_d[he [ij_cW kd Yh[Y_c_[dje ceZ[ije [b gk[ iWb]W Z[b gk[ [djh[$ Ă&#x2020;;d Z[ (") $ ;d [b YWie Z[ ;;$KK" [d kdW [YedecÂ&#x2021;W ZebWh_pWZW [ie YWcX_e" bW H[i[hlW <[Z[hWb XW`Â&#x152; [i f[h`kZ_Y_Wb fehgk[ de [c_j_# bWi [nf[YjWj_lWi fWhW (&'(" Z[ cei ced[ZW o Z[f[dZ[cei Z[ [djh[ )") o )"- W ("+ o ("/ $ bei ZÂ&#x152;bWh[iĂ&#x2021;" W]h[]Â&#x152;$

Ä&#x17D;Ä&#x201D;Ä&#x160;ĹŠ

Ä&#x192;Ä&#x201E;Ä ĂźĂşĹ&#x2039; Â&#x161;& , -Ä&#x2026;Ĺ&#x2039; - Ĺ&#x2039;#'*)(# & Ĺ&#x2039; Ĺ&#x2039; '*/ -.)Ĺ&#x2039; Ĺ&#x2039; (. Ĺ&#x2039;* , Ĺ&#x2039;ßúÝß BWi f[hiedWi gk[ ]Wd[d c[d# ikWbc[dj[ ieXh[ bei .'& ZÂ&#x152;bWh[i Z[iYedjWZe ]Wijei f[hiedWb[i Z[X[h|d fW]Wh ?cfk[ije W bW H[djW ?H [ij[ WÂ&#x2039;e$ ;ije Z[X_Ze W gk[ bW XWi[ _cfed_Xb[ bW ikcW Z[ bei _d]h[iei f[hY_X_Zei [d kd WÂ&#x2039;e Z[b jh_Xkje W h[]_h [d (&'(" fWhW f[hiedWi dWjkhWb[i" i[ Ă&#x2019;`Â&#x152; [d /$-(& ZÂ&#x152;bWh[i$ ;b ?H fWhW f[hiedWi dWjkhWb[i Wfb_YW W jeZei bei _d]h[iei h[Y_X_# Zei ZkhWdj[ kd WÂ&#x2039;e Z[iYedjWZei bei ]Wijei f[hiedWb[i $ IeXh[ [i[ lWbeh" [b IH? YeXhW kd fehY[djW#

`[ Yece jh_Xkje" [djh[ + W )+ Z[f[dZ_[dZe Z[ kdW jWXbW Yed [iYWbW Z[ lWbeh[i$ ;d [ij[ WÂ&#x2039;e [i[ cedje XWi[ i[ Ă&#x2019;`Â&#x152; [d /$-(& ZÂ&#x152;bW# h[i" [d (&'' [hW Z[ /$('& ZÂ&#x152;bWh[i$ :[ W^Â&#x2021; gk[ 9Whbei 9Wb[he" Z[ bW Ă&#x2019;hcW ;b 7i[ieh 9edjWXb[" [n# fb_YÂ&#x152; gk[ [b dk[le lWbeh [nYbko[ W kd ]hkfe Z[ f[hiedWi gk[ ^Wi# jW [b WÂ&#x2039;e fWiWZe iÂ&#x2021; fW]Whed ?H$ ;ije fehgk[ bW XWi[ _cfed_Xb[ Z[ (&'' \k[ Z[ /$('&" gk[ i_]d_Ă&#x2019;YW# hed -*("+ ZÂ&#x152;bWh[i c[dikWb[i$ 7iÂ&#x2021;" bWi f[hiedWi gk[ [b WÂ&#x2039;e fWiWZe ]WdWXWd [i[ lWbeh o de

jkl_[hed _dYh[c[dje iWbWh_Wb [d [ij[ WÂ&#x2039;e" i_]d_Ă&#x2019;YW gk[ iWb[d Z[ bW eXb_]WY_Â&#x152;d Z[ fW]Wh [ij[ jh_Xkje$ 7 bW ^ehW Z[ ikcWh bei _d]h[iei fWhW l[h i_ i[ bb[]W W bW XWi[ _cfe# d_Xb[" i[ Z[X[d h[ijWh jeZei bei ]Wi# jei f[hiedWb[i Z[b WÂ&#x2039;e$ ;ie iÂ&#x2021;" fWhW (&'( de Z[X[d ikf[hWh bei '($,), ZÂ&#x152;bWh[i [d [ZkYWY_Â&#x152;d" l_l_[dZW" l[ij_c[djW o Wb_c[djWY_Â&#x152;d$ ;i Z[# Y_h" [d jeZe [b WÂ&#x2039;e i[ Z[X[ ]WijWh ^WijW [i[ cedje fWhW X[d[Ă&#x2019;Y_Whi[ Z[b Z[iYk[dje$ I_ i[ ieXh[fWiWd de i[h|d Z[iYedjWZei o i[ ikcWh|d W bei _d]h[iei jejWb[i$

ÂĄ Ä&#x201C;ĹŠ .2ĹŠ% 23.2ĹŠ#-ĹŠÄ&#x2030;Ä&#x2021;Ä&#x2C6;Ä&#x2030;ĹŠ #-ĹŠ+.2ĹŠ14 1.2ĹŠ04#ĹŠ2#ĹŠ"#2!4#-3 -ĹŠ-.ĹŠ "# #-ĹŠ/ 2 1ĹŠ+.2ĹŠÄ&#x2C6;Ä&#x2030;Ä&#x201C;Ä?Ä&#x160;Ä?ĹŠ"¢+ 1#2Ä&#x201C;


/ ),Ĺ&#x2039;3Ĺ&#x2039; )&)' # Ĺ&#x2039; , 0#- (Ĺ&#x2039;")3Ĺ&#x2039;& Ĺ&#x2039; - !/,# Ĺ&#x2039; ,)(. ,#4

Ä Ä&#x192;Ĺ? Ĺ? Ĺ? Ĺ?Ä&#x201A;Ä&#x20AC;Ä Ä&#x201A;Ĺ?

Ĺ? +. Ä&#x152;Ĺ?

Ä&#x2C6;

.2ĹŠ".2ĹŠ/ ~2#2ĹŠ 1#-ĹŠ#3 / ĹŠ"#ĹŠ+4Äą !' ĹŠ!.-31 ĹŠ- 1!.Äą 31;Ä&#x192;!.Ä&#x201D;ĹŠ%4#11(++ 2ĹŠ 8ĹŠ,(-#1~ ĹŠ(+#% +Ä&#x201C;

:Ä&#x201D;ĹŠ ĹŠ Ä&#x203A;ĹŠBW i[#

]kh_ZWZ [d bW \hedj[hW YecÂ&#x2018;d i[h| iec[j_ZW W kdW h[l_i_Â&#x152;d feh bei c_d_ijhei Z[ :[\[diW Z[ 9e# becX_W" @kWd 9Whbei F_dpÂ&#x152;d" o Z[ ;YkWZeh" @Wl_[h FedY[" [ij[ l_[h# d[i [d bW feXbWY_Â&#x152;d YebecX_WdW Z[ L_bbW Z[ B[olW$ ;d [b [dYk[djhe fWhj_Y_fWh|d [b c_d_ijhe Z[ 9eehZ_dWY_Â&#x152;d Z[ I[]kh_ZWZ Z[ ;YkWZeh" l_Y[Wbc_# hWdj[ >ec[he 7h[bbWde BWiYWde1 [b YecWdZWdj[ Z[ bWi <k[hpWi 7h# cWZWi Z[ [i[ fWÂ&#x2021;i" ][d[hWb Bk_i ;hd[ije =edp|b[p1 [b 9ecWdZWd# j[ Z[ bWi <k[hpWi C_b_jWh[i Z[ 9e# becX_W" ][d[hWb 7b[`WdZhe DWlWi" o Wbjei eĂ&#x2019;Y_Wb[i feb_Y_Wb[i$ ;ij[ i[h| [b i[]kdZe [dYk[d# jhe f[hiedWb Z[ bei c_d_ijhei" jhWi fWhj_Y_fWh [d bW h[kd_Â&#x152;d fh[# i_Z[dY_Wb Z[b fWiWZe '/ Z[ Z_Y_[c# Xh[ [d Gk_je" ;YkWZeh" h[YehZÂ&#x152; kd Yeckd_YWZe Z[b C_d_ij[h_e Z[ :[# \[diW Z[ 9ebecX_W [d 8e]ej|$ BW [lWbkWY_Â&#x152;d \hedj[h_pW i[ fheZkY_h| bk[]e Z[ gk[ bW i[cW# dW fWiWZW [b fh[i_Z[dj[ Z[ ;YkW# Zeh" HW\W[b 9ehh[W" h[YedeY_Â&#x152; bW lebkdjWZ Z[ ik Yeb[]W Z[ 9ebec# X_W" @kWd CWdk[b IWdjei" fWhW c[`ehWh bei d[nei X_bWj[hWb[i" gk[ \k[hed h[ijWXb[Y_Zei Z[iZ[

Ä&#x201C;ĹŠ +ĹŠ,(-(231.ĹŠ#!4 3.1( -.ĹŠ"#ĹŠ #$#-2 Ä&#x201D;ĹŠ 5(#1ĹŠ .-!#Ä&#x201D;ĹŠ#2ĹŠ1#!( (".ĹŠ/.1ĹŠ24ĹŠ '.,¢+.%.ĹŠ"#ĹŠ .+., ( Ä&#x201D;ĹŠ 4 -ĹŠ 1+.2ĹŠ (-9¢-Ä&#x201D;ĹŠ ĹŠ24ĹŠ++#% " ĹŠ 8#1ĹŠ +ĹŠ #1./4#13.ĹŠ ,(+(3 1ĹŠ#-ĹŠ .%.3;Ä&#x201C;ĹŠ

del_[cXh[ Z[ (&&/ jhWi ik hkf# jkhW W YWkiW Z[ kd WjWgk[ c_b_jWh YedjhW bW ]k[hh_bbW Z[ bWi <7H9 [d j[hh_jeh_e [YkWjeh_Wde$ -3#ĹŠ#+ĹŠ!1(,#-

Ă&#x2020;J[d[cei gk[ h[YedeY[h kdW lebkdjWZ YbWhW Z[ IWdjei Z[ dehcWb_pWh Yecfb[jWc[dj[Ă&#x2021; bei lÂ&#x2021;dYkbei" [nfh[iÂ&#x152; 9ehh[W ZkhWd# j[ kdW l_i_jW W bW Y_kZWZ WdZ_dW Z[ JkbY|d Y[hYW Z[ bW \hedj[hW Yed 9ebecX_W$ FWhW 9ehh[W [iW pedW ][e]h|# Ă&#x2019;YW ][d[hW kdW i_jkWY_Â&#x152;d Yecfb_# YWZW o [b cWdZWjWh_e bW Z[iYh_X_Â&#x152; Yece Ă&#x2020;[b c|i ]hWl[ fheXb[cW Z[ i[]kh_ZWZ gk[ j_[d[ dk[ijhe fWÂ&#x2021;iĂ&#x2021;$ 4#5 ĹŠ#3 /

7h[bbWde" feh ik fWhj[" Z_`e gk[

Ă&#x2020;bW Yeef[hWY_Â&#x152;d X_dWY_edWb de fk[Z[ gk[ZWh iÂ&#x152;be [d Z_iYkhiei$ >eo [ijWcei WgkÂ&#x2021; fWhW _d_Y_Wh kdW i[h_[ Z[ Yedl[hiWY_ed[i gk[ i[ Z[X[d jhWZkY_h [d c[Z_ZWi [Ă&#x2019;YWY[iĂ&#x2021;" cWj_pÂ&#x152;$ BWi h[bWY_ed[i [djh[ 9ebec# X_W o ;YkWZeh fWiWhed W kd dk[# le [ijWZ_e [d [b gk[" ikf[hWZW bW [jWfW Z[ h[Yecfei_Y_Â&#x152;d Z[ bei bWpei Z_fbec|j_Yei" bW fh_eh_# ZWZ W^ehW [i jhWXW`Wh Z[ \ehcW Yed`kdjW YedjhW bei Ă&#x201C;W][bei gk[ WpejWd ik \hedj[hW YecÂ&#x2018;d0 bW c_# d[hÂ&#x2021;W _b[]Wb o [b jh|Ă&#x2019;Ye Z[ Zhe]Wi o WhcWi$ ;iei Z[iW\Â&#x2021;ei Y[djhWd bW W][d# ZW Z[b [dYk[djhe [djh[ bei c_d_i# jhei Z[ :[\[diW Z[ WcXei fWÂ&#x2021;i[i ^eo [d bW beYWb_ZWZ Yebed_Wb Z[ L_bbW Z[ B[olW" W '-) a_bÂ&#x152;c[jhei Z[ 8e]ej|$

Ä&#x201C;ĹŠ 2ĹŠ!.2 2ĹŠ-.ĹŠ2.-ĹŠ3 -ĹŠ$;!(+#2Ä&#x201D;ĹŠ2.23(#-#ĹŠ#+ĹŠ -" 3 1(.ĹŠ!4 -.Ä&#x201C;ĹŠ

)Ĺ&#x2039;" 3Ĺ&#x2039;+/ Ĺ&#x2039;" ,- Ĺ&#x2039;#&/-#)( -Ĺ&#x2039; )(Ĺ&#x2039;& -Ĺ&#x2039;, ),' -Ä&#x2020;Ĺ&#x2039; Ă&#x201E;&Ĺ&#x2039; -.,) i_lWiĂ&#x2021; l_][dj[i ZkhWdj[ c[Z_e i_]be" Yece bW fhe^_X_Y_Â&#x152;d Z[ bW YecfhWl[djW Z[ YWiWi o Wkjei$ 7Z[c|i" ^W Wcfb_WZe [b jhWXW# `e fh_lWZe fWhW h[ZkY_h bW WXkb# jWZW fbWdj_bbW [ijWjWb o WX_[hje cWoeh [ifWY_e W bW _dl[hi_Â&#x152;d [njhWd`[hW$ F[he [b ]eX[hdWdj[" Z[ .& WÂ&#x2039;ei" WZc_j_Â&#x152; gk[ [b fhe]hWcW cWhY^W Yed Z_Ă&#x2019;YkbjWZ[i0 Ă&#x2020;9WZW l[p gk[ iWYWcei i[ fheckb]W kdW b[o" kd Z[Yh[jeĂ&#x2021; fWhW Ă&#x2020;_h jhWdi\ehcWdZeĂ&#x2021; bW [YedecÂ&#x2021;W" i[ Ă&#x2020;h[gk_[h[ kd [ijkZ_e Z[ Y_[djei Z[ ^ehWi fWhW YWcX_Wh be gk[ [ij| [iYh_jeĂ&#x2021;$ ;b Fh[i_Z[dj[ WZl_hj_Â&#x152; gk[ Ă&#x2020;de ^Wo gk[ ^WY[hi[ jWdjWi _bki_ed[iĂ&#x2021; d_ Ă&#x2020;b[lWdjWh ckY^W f[hif[Yj_lW [nf[YjWj_lW Ă&#x2021; Yed Ă&#x2020;bW 9ed\[h[dY_WĂ&#x2021; Z[b FWhj_Ze"

.2ĹŠ/1. +#, 2 HWÂ&#x2018;b ^W [b_c_dWZe ikXi_Z_ei o [d [b Â&#x2018;d_Ye fWÂ&#x2021;i Yeckd_ijW Z[ b[lWdjWZe h[ijh_YY_ed[i Ă&#x2020;[nY[# EYY_Z[dj[$

ĹŠ Ä&#x201D;ĹŠ Ä&#x203A;ĹŠ ;b fh[i_Z[dj[ YkXWde" HWÂ&#x2018;b 9Wijhe" WZc_j_Â&#x152; Wo[h gk[ ik h[\ehcW [YedÂ&#x152;c_# YW WlWdpW Yed Ă&#x2020;ckY^Wi Z_Ă&#x2019;Ykb# jWZ[iĂ&#x2021; [d bW _ibW o WZl_hj_Â&#x152; gk[ Ă&#x2020;de ^Wo gk[ ^WY[hi[ jWdjWi _bk# i_ed[iĂ&#x2021; Yed bW fh_c[hW 9ed\[# h[dY_W DWY_edWb [d c[Z_e i_]be Z[b FWhj_Ze 9eckd_ijW Â&#x2018;d_Ye " [b (. Z[ [d[he$ :[iZ[ gk[ Wikc_Â&#x152; [b cWd# Ze Z[ 9kXW [d (&&," YkWdZe [d\[hcÂ&#x152; ik ^[hcWde <_Z[b" [b ][d[hWb HWÂ&#x2018;b 9Wijhe ^W _cfkb# iWZe fhW]c|j_YWi h[\ehcWi [d [b W]ejWZe i_ij[cW [YedÂ&#x152;c_Ye Y[d# jhWb_pWZe" Z[ Yehj[ iel_Â&#x192;j_Ye" o ^W h[l[hj_Ze Wb]kdWi [cXb[c|j_YWi c[Z_ZWi WZefjWZWi feh [b =e# X_[hde [d ZÂ&#x192;YWZWi fWiWZWi$

(Ĺ&#x2039;' .,#')(#)Ĺ&#x2039;- Ĺ&#x2039;-/# # Ĺ&#x2039;Ä&#x2019; -+/ )Ĺ&#x2039; Ĺ&#x2039;&)-Ĺ&#x2039;*)&v.# )-Ä&#x201C;

Ä&#x201D;ĹŠ Ä&#x203A;ĹŠ Ă&#x2020;B[[hÂ&#x192;_i [d bei f[h_Â&#x152;# Z_Yei Yed YkWdjW Z_]d_ZWZ iWX[d ceh_h Zei Y_kZWZWdei Wigk[WZei Z[ bW ^_feYh[iÂ&#x2021;W o Z[ bW Yhk[bZWZ Z[ leiejhei bei febÂ&#x2021;j_YeiĂ&#x2021;" [iYh_# X_Â&#x152; kd cWjh_ced_e _jWb_Wde [d kdW YWhjW fkXb_YWZW feh [b i[cW# dWh_e Ă&#x2020;E]]_Ă&#x2021; Wdj[i Z[ fed[h Ă&#x2019;d W ik l_ZW [b fWiWZe Zec_d]e [d 8Wh_" [d [b ikh Z[ ?jWb_W$ IWblWjeh[ :[ IWble" W][dj[ Z[ Yec[hY_e Z[ ,* WÂ&#x2039;ei o [d fWhe

Z[iZ[ ^WY[ i_[j[" o ik ck`[h" 7d# jed_W 7ppeb_d_" Z[ ,/" h[bWjWhed iki f[dWb_ZWZ[i o iki cÂ&#x2018;bj_fb[i f[j_Y_ed[i Z[ WokZW W bWi _dij_jk# Y_ed[i _jWb_WdWi [d kdW [djh[l_i# jW W kdW j[b[l_i_Â&#x152;d beYWb" gk[ i[ fk[Z[ l[h [d [b YWdWb Z[ lÂ&#x2021;Z[ei OekjkX[$ I_d jhWXW`e o jhWi f[hZ[h ik YWiW" Z[i_bki_edWZW feh bWi fhe# c[iWi Z[ bei febÂ&#x2021;j_Yei gk[ dkdYW bb[]WXWd" bW fWh[`W _dj[djÂ&#x152; ik_Y_#

ZWhi[ i_d Â&#x192;n_je" jWb o Yece [nfb_# YWd [d [b lÂ&#x2021;Z[e" o \k[ h[Ybk_ZW [d kd Wi_be" Ă&#x2020;kdW hWjed[hW Yed kdW ^kc[ZWZ Z[ beYkhWĂ&#x2021;" Yece bW Z[# Ă&#x2019;d_Â&#x152; :[ IWble$ ;b [fÂ&#x2021;be]e Z[b ZhWcW i[ fhe# Zk`e [b Zec_d]e" YkWdZe bW ck# `[h \k[ ^WbbWZW ck[hjW [d kdW ^WX_jWY_Â&#x152;d Z[ ^ej[b" feh _d][ijW Z[ XWhX_jÂ&#x2018;h_Yei" c_[djhWi gk[ [b cWh_Ze WfWh[Y_Â&#x152; W^e]WZe [d bW fbWoW$

1.3#23 ĹŠ -3#ĹŠ+ ĹŠ 2 ĹŠ + -!

ĹŠ !3(5(23 2ĹŠ5(23(#-".ĹŠ#+ĹŠ31 )#ĹŠ"#ĹŠ+.2ĹŠ/1#2.2ĹŠ"#ĹŠ 4 -3;- ,.ĹŠ"#2Ä&#x192;+ -ĹŠ 8ĹŠ%1(3 -ĹŠĹŠ -3#ĹŠ#+ĹŠ"#2/ !'.ĹŠ/1#2("#-!( +Ä&#x201D;ĹŠ#-ĹŠ 2'(-%3.-Ä&#x201D;ĹŠ/("(#-".ĹŠ#+ĹŠ !(#11#ĹŠ"#+ĹŠ/#- +Ä&#x201D;ĹŠ +ĹŠ!4,/+(12#ĹŠÄ&#x2C6;Ä&#x2021;ĹŠ Â .2ĹŠ"#ĹŠ24ĹŠ#23 +#!(,(#-3.Ä&#x201C;ĹŠ


Ä&#x2030;

Ä Ä&#x192;Ĺ? Ĺ? Ĺ? Ĺ?Ä&#x201A;Ä&#x20AC;Ä Ä&#x201A;Ĺ?

Ĺ? +. Ä&#x152;Ĺ?

-ĹŠ%4#11 ;2ĹŠ 42.2

ĹŠ (ĹŠ2#ĹŠ!.-Ä&#x192;1, ĹŠ+ ĹŠ5#1 !(" "ĹŠ"#+ĹŠ5("#.Ä&#x201D;ĹŠ Ĺ&#x2014;#+ĹŠ#2!;-" +.ĹŠ2#1~ ĹŠ4-.ĹŠ,;2ĹŠ#-ĹŠ+ ĹŠ8 ĹŠ+ 1% ĹŠ +(23 ĹŠ04#ĹŠ' ĹŠ5#-(".ĹŠ $#!3 -".ĹŠ+ ĹŠ(, %#-ĹŠ "#+ĹŠ )_1!(3.ĹŠ#23 ".4-("#-2#Ä&#x201C;

ĹŠ -ĹŠ(-!("#-3#2ĹŠ/ 1#!(".2Ä&#x201D;ĹŠ#-ĹŠÄ&#x2030;Ä&#x2021;Ä&#x2021;Ä&#x2019;Ä&#x201D;ĹŠ4-ĹŠ Ĺ&#x2014;%14/.ĹŠ"#ĹŠ2.+" ".2ĹŠ2#ĹŠ3.,¢Ŋ$.3.2ĹŠ!.-ĹŠ ! ";5#1#2ĹŠ"#ĹŠ!(5(+#2ĹŠ $% -.2ĹŠ!.,.ĹŠ2(ĹŠ $4#1 -ĹŠ31.$#.2Ä&#x201C;

ĹŠ 2 2ĹŠ(,;%#-#2ĹŠ2#ĹŠ42 1.-ĹŠ!.,.ĹŠ/14# ĹŠ Ĺ&#x2014;#-ĹŠ#+ĹŠ)4(!(.ĹŠ!.-31 ĹŠ4-ĹŠ2 1%#-3.ĹŠ +ĹŠ04#ĹŠ2#ĹŠ

!.-"#-¢Ŋ ĹŠ! "#- ĹŠ/#1/#34 ĹŠ/.1ĹŠ+ ĹŠ,4#13#ĹŠ "#ĹŠ!(5(+#2ĹŠ#-ĹŠ $% -(23;-Ä&#x201C;

ĹŠ -ĹŠÄ&#x2030;Ä&#x2021;Ä&#x2021;Ä&#x152;Ä&#x201D;ĹŠ.31 2ĹŠ$.3.2ĹŠ1#5#+ 1.-ĹŠ+.2ĹŠ 4Äą Ĺ&#x2014;2.2ĹŠ!.,#3(".2ĹŠ!.-31 ĹŠ(1 04~#2ĹŠ#-ĹŠ+ ĹŠ!;1!#+ĹŠ "#ĹŠ 4ĹŠ '1 ( Ä&#x201D;ĹŠ#-ĹŠ %" "Ä&#x201C;

ĹŠ -ĹŠ#++ 2ĹŠ2#ĹŠ,.231 ĹŠ ĹŠ"#3#-(".2ĹŠ2.,#Äą Ĺ&#x2014;3(".2ĹŠ ĹŠ3.1341 2ĹŠ#ĹŠ(-3(,(" ".2ĹŠ!.-ĹŠ/#11.2ĹŠ

,(#-31 2ĹŠ+.2ĹŠ#$#!3(5.2ĹŠ/.2 -ĹŠ2.-1(#-3#2Ä&#x201C;

.-"4!3 "#/+.1 +#

Ĺ&#x2039; - . Ĺ&#x2039; /,# Ĺ&#x2039;. &# 6(Ĺ&#x2039; -"(%- !(¢-ĹŠ#-ĹŠ#+ĹŠ,.5(,(#-3.ĹŠ(2+;,(!.ĹŠ/.1ĹŠ 5("#.ĹŠĹŠ"#ĹŠ2.+" ".2ĹŠ#23 ".4-("#-2#2ĹŠ.1(Äą - -".ĹŠ2. 1#ĹŠ! ";5#1#2ĹŠ"#ĹŠ242ĹŠ#-#,(%.2Ä&#x201C;

[d cec[djei [d gk[ [b ;`Â&#x192;hY_je Z[ l_Z[e Z_\kdZ_Ze [d ?dj[hd[j [d [b ;;$KK$ Z[Y_Z_Â&#x152; fheY[iWh W Y_dYe gk[ ikfk[ijWc[dj[ YkWjhe cWh_# iebZWZei Z[ bW +W 8h_]WZW Ijhoa[h d[i Z[ ;;$KK$ WfWh[Y[d eh_dWd# WYkiWZei Z[ cWjWh W Y_l_b[i W\]W# dei ZkhWdj[ ik Z[ifb_[]k[ Ze ieXh[ bei YWZ|l[h[i Z[ c_[cXhei Z[b cel_c_[dje ĹŠ [d bW fhel_dY_W Z[ AWd# ZW^Wh" [d 7\]Wd_ij|d" [d jWb_X|d ][d[hÂ&#x152; W_hWZWi h[WY# (&'&$ Y_ed[i o [b _d_Y_e Z[ kdW _d# ;b ;`Â&#x192;hY_je [ijWZekd_# l[ij_]WY_Â&#x152;d fWhW Z[j[hc_dWh 2'(-%3.-ĹŠ8ĹŠ 242ĹŠ +( ".2ĹŠ#-ĹŠ $% -(23;-ĹŠ/+ Äą Z[di[ Z_`e gk[ Yec[dpÂ&#x152; W ik l[hWY_ZWZ$ _dl[ij_]Wh [b cWj[h_Wb WfW# BW WfWh_Y_Â&#x152;d Z[ bWi _c|# -# -ĹŠ#-31#% 1ĹŠ+ ĹŠ 2#%41(" "ĹŠ"#+ĹŠ ][d[i [i ejhe YedjhWj_[cfe / ~2ĹŠ ĹŠ+ 2ĹŠ$4#19 2ĹŠ h[Y_Ze [d OekJkX[ o ejhei $% - 2ĹŠ8ĹŠ1#3(1 1ĹŠ i_j_ei [b[YjhÂ&#x152;d_Yei" c_[djhWi fWhW bWi \k[hpWi WhcWZWi + 2ĹŠ31./ 2ĹŠ"#ĹŠ 3#ĹŠ/ 1 ĹŠ gk[ kd fhec_d[dj[ ]hkfe [ijWZekd_Z[di[i jhWi kdW oW !., $(- +#2ĹŠ"#ĹŠÄ&#x2030;Ä&#x2021;Ä&#x2C6;Ä&#x152;Ä&#x201C; Z[ Z[h[Y^ei Z[ bei ckikb# bWh]W ^_ijeh_W Z[ [iY|dZWbei cWd[i [d ;;$KK$ h[YbWcÂ&#x152; Yece [b Z[ bWi \ejei#jhe\[e Z[ YWZ|l[h[i W\]Wdei o [b Z[ bei Wfb_YWh YWij_]ei h_]kheiei$ WXkiei Yec[j_Zei YedjhW _hWgkÂ&#x2021;[i [d bW Y|hY[b Z[ 7Xk =^hW_X$ -5#23(% !(¢;b l_Z[e" WZ[c|i" i[ Z_\kdZ[ ;b fehjWlep Z[b F[dj|]ede" [b

Äą Ä&#x201C;ĹŠ ĹŠ Ä&#x203A; Kd

YWf_j|d @e^d A_hXo" [nfh[iÂ&#x152;0 Ă&#x2020;;ijWcei fhe\kdZWc[dj[ fh[eYkfWZei feh [b l_Z[eĂ&#x2021;" o WÂ&#x2039;WZ_Â&#x152; gk[" Z[ i[h l[hWp" h[fh[i[djW kdW Ă&#x2020;YedZkYjW Wjhep [ _dWY[fjWXb[ fWhW kd c_[cXhe Z[ bWi <k[hpWi 7h# cWZWiĂ&#x2021;$ ;djh[jWdje" bW ?d\Wdj[hÂ&#x2021;W Z[ CWh_dW [ijWZekd_Z[di[ Wi[l[# hÂ&#x152;0 Ă&#x2020;BWi WYY_ed[i ceijhWZWi de ied Yedi_ij[dj[i Yed dk[ijhei lWbeh[i \kdZWc[djWb[i $$$ ;ij[ Wikdje i[h| _d# l[ij_]WZe W \edZeĂ&#x2030;Ă&#x2030;$

ĹŠĹŠĹŠ +ĹŠ2#!1#3 1(.ĹŠ"#ĹŠ #$#-2 ĹŠ"#ĹŠ Ĺ&#x2014; Ä&#x201C; Ä&#x201C;Ä&#x201D;ĹŠ #.-ĹŠ -#33 Ä&#x201D;ĹŠ! +(Ä&#x192;!¢Ŋ 8#1ĹŠ"#ĹŠ

ÄĄ3.3 +,#-3#ĹŠ"#/+.1 +#ĢŊ#+ĹŠ!.,/.1Äą 3 ,(#-3.ĹŠ"#ĹŠ2.+" ".2ĹŠ#23 "(-#-2#2ĹŠ 04#Ä&#x201D;ĹŠ#-ĹŠ4-ĹŠ5("#.Ä&#x201D;ĹŠ/ 1#!#-ĹŠ/1.$ - 1ĹŠ +.2ĹŠ! ";5#1#2ĹŠ"#ĹŠ#-#,(%.2Ä&#x201C; ÄĄ #ĹŠ5(23.ĹŠ+ 2ĹŠ(,;%#-#2ĹŠ8ĹŠ#-!4#-Äą 31.ĹŠ04#ĹŠ#+ĹŠ!.,/.13 ,(#-3.ĹŠ ++~ĹŠ1#Äą %(231 ".ĹŠ#2ĹŠ3.3 +,#-3#ĹŠ"#/+.1 +#ĢÄ&#x201D;ĹŠ 2# +¢Ŋ -#33 ĹŠ#-ĹŠ4-ĹŠ!.,4-(! ".Ä&#x201C;ĹŠ ÄĄ .-"#-.ĹŠ#2#ĹŠ!.,/.13 ,(#-3.ĹŠ#-ĹŠ +.2ĹŠ3_1,(-.2ĹŠ,;2ĹŠ#-_1%(!.2ĢÄ&#x201D;ĹŠ %1#%¢Ä&#x201C; ÄĄ 4(#-#2ĹŠ' 8 -ĹŠ(-!411(".ĹŠ#-ĹŠ3 +ĹŠ !.-"4!3 ĹŠ"# #1;-ĹŠ1#-"(1ĹŠ!4#-3 2ĹŠ#-ĹŠ 3." ĹŠ+ ĹŠ,#"(" ĢÄ&#x201D;ĹŠ  "(¢Ä&#x201C;

Ä&#x201C;ĹŠ +ĹŠ2#!1#3 1(.ĹŠ"#ĹŠ"#$#-2 ĹŠ"#ĹŠ Ä&#x201C; Ä&#x201C;Ä&#x201D;ĹŠ #.-ĹŠ -#33 Ä&#x201D;ĹŠ"().ĹŠ04#ĹŠ2#ĹŠ ! 23(% 1;ĹŠ!.-ĹŠ3.".ĹŠ#+ĹŠ1(%.1ĹŠ ĹŠ+.2ĹŠ, 1(-#2ĹŠ(,/+(! ".2Ä&#x201C;ĹŠ

.-"#- 2

;djh[ bWi h[WYY_ed[i jhWi bW Z_\ki_Â&#x152;d Z[ bWi _c|][d[i ie# Xh[iWb[ bW Z[b 9edi[`e fWhW bWi H[bWY_ed[i ;ijWZekd_Z[di[#?i# b|c_YWi 97?H" feh iki i_]bWi [d _d]bÂ&#x192;i " bW cWoeh eh]Wd_pW# Y_Â&#x152;d ckikbcWdW fWhW bW Z[\[d# iW Z[ bWi b_X[hjWZ[i Y_l_b[i [d ;ijWZei Kd_Zei" Ykoe leY[he" ?XhW^_c >eef[h" [nfh[iÂ&#x152; W bW 8890 Ă&#x2020;;i kd l_Z[e h[fk]dWdj[" _dcehWbĂ&#x2021;$ ;i Ă&#x2020;Wb]e Z[ be gk[ d_d]Â&#x2018;d c_b_jWh [ijWhÂ&#x2021;W #23 ".4-("#-2#2ĹŠ eh]kbbeieĂ&#x2021;" WÂ&#x2039;WZ_Â&#x152;$ #23;-ĹŠ"#2/+#% Äą ;d fWbWXhWi Z[ bW ,;%#-#2 ".2ĹŠ#-ĹŠ fWhbWc[djWh_W W\]WdW BWi _c|][d[i \k[hed $% -(23;-Ä&#x201C; <Wmp_W AeĂ&#x2019;" [ij[ l_Z[e jhWdic_j_ZWi _d_Y_Wb# i[ jhWjW Z[ kdW e\[diW c[dj[ feh bW YWZ[dW j[b[l_i_lW 7b @Wp[[hW" f[he de fWhW jeZei bei W\]Wdei" i_d _c# [ij| YbWhe gk_Â&#x192;d bWi ikX_Â&#x152; W bW fehjWh gkÂ&#x192; f_[di[d Z[b JWb_X|d$ Ă&#x2020;;i kdW Yk[ij_Â&#x152;d Z[ h[if[je Wb h[Z$ ;d [b l_Z[e" Z[ kdei *& i[# i[h ^kcWdeĂ&#x2021;" cWd_\[ijÂ&#x152;$ ;d ejhWi Z[YbWhWY_ed[i W bW ]kdZei" WfWh[Y[d YkWjhe ^ec# Xh[i [d kd_\ehc[i Z[ YWckĂ&#x201C;W# 889" kd fehjWlep Z[b jWb_X|d `[ Z[ f_[ \h[dj[ W jh[i Yk[hfei [d 7\]Wd_ij|d Z_`e0 Ă&#x2020;;ijW de [i kdW WYY_Â&#x152;d ^kcWdW$ ;i kdW [diWd]h[djWZei$ Feh [b Yebeh Z[ f_[b o bWi l[i# WYY_Â&#x152;d iWblW`[ Z[cWi_WZe l[h# j_c[djWi" bei Yk[hfei fWh[Y[d ]edpeiW Yece fWhW gk[ ^WXb[# cei Z[ [bbWĂ&#x2021;$ Z[ W\]Wdei$ Bei kd_\ehcWZei eh_dWd ieXh[ bei YWZ|l[h[i o W kde i[ ("#.ĹŠ#-Ä&#x2013; b[ [iYkY^W Z[Y_h0 Ă&#x2020;J[d kd Xk[d 666Ä&#x201C;+ '.1 Ä&#x201C;!.,Ä&#x201C;#! ZÂ&#x2021;W" Wc_]eĂ&#x2021;$

ĹŠ Ä&#x2019;Ä&#x2021;Ä&#x201C;Ä&#x2021;Ä&#x2021;Ä&#x2021;

Ä&#x201C;ĹŠ 23 ĹŠ(, %#-ĹŠ"#ĹŠ .4 4 #ĹŠ#2ĹŠ/ 13#ĹŠ"#+ĹŠ/.+_,(!.ĹŠ5("#.ĹŠ"($4-"(".ĹŠ 8#1Ä&#x201C;ĹŠ

-"#(!.)(Ĺ&#x2039; /' (. Ĺ&#x2039; & Ĺ&#x2039;*, -#Â&#x161;(Ĺ&#x2039;-) , Ĺ&#x2039; #,# Ä&#x201D;ĹŠ ĹŠÄ&#x203A; ;ijWZei Kd_Zei

WXh_Â&#x152; Wo[h kd dk[le \h[dj[ [d bW YWcfWÂ&#x2039;W Z[ fh[i_Â&#x152;d o W_i# bWc_[dje febÂ&#x2021;j_Ye Wb hÂ&#x192;]_c[d i_h_e Yed ik Z[Y_i_Â&#x152;d Z[ h[Zk# Y_h ik Yedj_d][dj[ Z_fbec|j_Ye WYh[Z_jWZe [d :WcWiYe$ MWi^_d]jed ^W jecWZe [iW c[Z_ZW feYWi ^ehWi Z[ifkÂ&#x192;i Z[ gk[ [b h[fehj[he \hWdYÂ&#x192;i =_bb[i @WYgk_[h i[ Yedl_hj_[hW [d [b fh_# c[h f[h_eZ_ijW [njhWd`[he ck[h# je ZkhWdj[ bW h[lk[bjW i_h_W$ @WYgk_[h f[hZ_Â&#x152; bW l_ZW" `kd#

je Yed eY^e Y_kZWZWdei i_h_ei" YkWdZe kd fheo[Yj_b [ijWbbÂ&#x152; [d kdW cWd_\[ijWY_Â&#x152;d [d \Wleh Z[b hÂ&#x192;]_c[d Z[b fh[i_Z[dj[ i_h_e" 8WY^Wh 7b 7iWZ" [d bW Y_kZWZ Z[ >eci" WZedZ[ feh fh_c[hW l[p i[ ^WXÂ&#x2021;W feZ_Ze Z[ifbWpWh kd ]hkfe Z[ f[h_eZ_ijWi [n# jhWd`[hei _dl_jWZei feh [b =e# X_[hde Z[ :WcWiYe$ 7o[h" [d jWdje" ckh_[hed ejhWi (+ f[hiedWi [d kdW dk[# lW ebW Z[ l_eb[dY_W [d lWh_Wi Y_kZWZ[i i_h_Wi$


&#!,)Ĺ&#x2039; Ĺ&#x2039; #( ( #)-Ĺ&#x2039; ), -. & -Ĺ&#x2039; (Ĺ&#x2039; ,/!/ 3

), -. #Â&#x161;(Ĺ&#x2039; (Ĺ&#x2039; , -#&Ĺ&#x2039; )(Ĺ&#x2039; # , -Ĺ&#x2039; )*.#'#-. Ä&#x201C;ĹŠ .2ĹŠ .204#2ĹŠ , 9¢-(!.2ĹŠ2.-ĹŠ4- ĹŠ$4#-3#ĹŠ(,/.13 -3#ĹŠ/ 1 ĹŠ+ ĹŠ/41(Ä&#x192;! !(¢-ĹŠ"#+ĹŠ (1#Ä&#x201C;

#2"#ĹŠÄ&#x2030;Ä&#x2021;Ä&#x2021;Ä&#x152;Ä&#x201D;ĹŠ+ ĹŠ /_1"(" ĹŠ"#ĹŠ .204#ĹŠ , 9¢-(! ĹŠ2#ĹŠ' ĹŠ 1#"4!(".ĹŠ#-ĹŠ4-ĹŠ Ä?Ä&#x2018;Ĺ&#x2DC;Ä&#x201C; ĹŠÄ&#x203A; :khWdj[ WÂ&#x2039;ei" bW ^_ijeh_W Z[ bW 7cWped_W ^W i_Ze Z[ Z[i# jhkYY_Â&#x152;d$ 8WjWbbWi i_d Â&#x192;n_je fWhW fhej[][h Wb Xeigk[ jhef_YWb c|i ]hWdZ[ Z[b ckdZe" YbWl[ [d bW bkY^W YedjhW [b YWcX_e Yb_c|j_Ye" de ZWXWd h[ikbjWZe$ I_d [cXWh# ]e" [ijW WĂ&#x2019;hcWY_Â&#x152;d W bW gk[ [ij|d jWd WYeijkcXhWZei oW de h[fh[# i[djW Yed l[hWY_ZWZ bW i_jkWY_Â&#x152;d gk[ WjhWl_[iW [d bW WYjkWb_ZWZ [ij[ _dc[die cWdje l[hZ[$ ;d [b [njh[ce ikh Z[ bW h[]_Â&#x152;d" kd [gk_fe [if[Y_Wb Z[ bW 7][dY_W C[Z_eWcX_[djWb Yedl[hiW h[bW# `WZWc[dj[ XW`e bW iecXhW Z[ kd |hXeb Z[ cWd]e$ Ik WfWh_[dY_W Z_ijW ckY^e Z[ bW Z[ kd ]hkfe Z[ XkhÂ&#x152;YhWjWi l[ij_Zei Yed jhW`[i Whhk]WZei$ ;d 8hWi_b" bei W][dj[i c[Z_eWcX_[djWb[i l_ij[d hefWi c_b_jWh[i o" [d l[p Z[ ZeYkc[d# jei o YWhf[jWi" bb[lWd WhcWi$ ;ijei eĂ&#x2019;Y_Wb[i ied iebZWZei [d bW bÂ&#x2021;d[W Z[ \k[]e Z[ be gk[ [ij[ fWÂ&#x2021;i Yedi_Z[hW kdW ]k[hhW fWhW fhej[][h bW 7cWped_W$

I_[j[ WÂ&#x2039;ei c|i jWhZ[" [iW c[jW YWi_ \k[ WbYWdpWZW$ BWi Y_\hWi c|i h[Y_[dj[i" fkXb_YWZWi ^WY[ Wb]k# dWi i[cWdWi" ck[ijhWd gk[ (&'' jkle bei d_l[b[i c|i XW`ei Z[ Z[# \eh[ijWY_Â&#x152;d Z[iZ[ gk[ i[ [cf[pÂ&#x152; W bb[lWh kd h[]_ijhe" ^WY[ jh[i ZÂ&#x192;# YWZWi$ Iebe i[ jWbWhed feYe c|i Z[ ,$(&& a_bÂ&#x152;c[jhei YkWZhWZei$ ;ie [i kd -. feh c[dei gk[ [d (&&*$ ;i l[hZWZ gk[ ied ckY^ei |hXeb[i" f[he jWcX_Â&#x192;d h[fh[i[djW kd fhe]h[ie Yedi_Z[hWXb[$ Feh ikfk[ije" [b =eX_[hde XhW# i_b[Â&#x2039;e de [i [b Â&#x2018;d_Ye gk[ i[ bb[lW [b YhÂ&#x192;Z_je$ KdW i[h_[ Z[ f[hiedW# `[i [ij|d Ykcfb_[dZe kd fWf[b _cfehjWdj[ Yece @e^d 9Whj[h" kd [niebZWZe [ijWZekd_Z[di[ Yed# l[hj_Ze [d ]WdWZ[he gk[ jhWXW`W fWhW c[`ehWh [b cWd[`e Z[ j_[hhWi [d bW 7cWped_W" e bei _dZÂ&#x2021;][dWi WcWpÂ&#x152;d_Yei gk[ bWXehWd fWhW kdW [cfh[iW gk[ YecXWj[ bei _dY[d# Z_ei \eh[ijWb[i$

2/#1 -9 Ĺ&#x2014;ĹŠĹŠ +ĹŠ#04(/.ĹŠ"#ĹŠ.Ä&#x192;!( +#2ĹŠ1# +(9¢Ŋ 4-ĹŠ./#1 3(5.ĹŠ"#ĹŠ143(- ĹŠ!.-ĹŠ#+ĹŠ

. )#3(5.ĹŠ"#ĹŠ 31 / 1ĹŠ ĹŠ4- ĹŠ -" ĹŠ (+#% +ĹŠ"#ĹŠ+# ".1#2ĹŠ04#ĹŠ' ~ -ĹŠ "#2!4 (#13.ĹŠ#-ĹŠ#+ĹŠ .204#Ä&#x201D;ĹŠ%1 Äą !( 2ĹŠ ĹŠ+ ĹŠ3#!-.+.%~ ĹŠ2 3#+(3 +Ä&#x201C;ĹŠ 2ĹŠ5#1" "ĹŠ"#ĹŠ04#ĹŠ#+ĹŠ'#!'.ĹŠ"#ĹŠ 04#ĹŠ#7(23 ĹŠ Ă&#x152;-ĹŠ#23 ĹŠ !3(5(" "ĹŠ "#,4#231 ĹŠ04#ĹŠ#+ĹŠ .204#ĹŠ Ă&#x152;-ĹŠ#2ĹŠ 54+-#1 +#Ä&#x201C; #1.Ä&#x201D;ĹŠ 4-04#ĹŠ24#-#ĹŠ4-ĹŠ/.!.ĹŠ (-!1#~ +#Ä&#x201D;ĹŠ2~ĹŠ/ 1#!#ĹŠ04#ĹŠ+ ĹŠ 3 ++ ĹŠ /.1ĹŠ$1#- 1ĹŠ+ ĹŠ"#2314!!(¢-ĹŠ , 9¢Ĺ -(! ĹŠ2#ĹŠ#23;ĹŠ% - -".Ä&#x201C; Ä&#x201D;ĹŠ+.ĹŠ04#ĹŠ#2ĹŠ,;2ĹŠ(,/.13 -3#Ä&#x201D;ĹŠ #23;ĹŠ24!#"(#-".ĹŠ -3#2ĹŠ"#ĹŠ04#ĹŠ 2# ĹŠ"#, 2( ".ĹŠ3 1"#Ä&#x201D;ĹŠ/.104#ĹŠ+.ĹŠ 04#ĹŠ+ ĹŠ, 8.1ĹŠ/ 13#ĹŠ"#ĹŠ+ ĹŠ%#-3#ĹŠ -.ĹŠ2#ĹŠ" ĹŠ!4#-3 ĹŠ#2ĹŠ!4;-3.ĹŠ"#ĹŠ #23#ĹŠ .204#ĹŠ#23;ĹŠ Ă&#x152;-ĹŠ#-ĹŠ/(#Ä&#x201C;ĹŠ 2ĹŠ (,;%#-#2ĹŠ2 3#+(3 +#2ĹŠ"#,4#2Äą 31 -ĹŠ04#ĹŠ#+ĹŠÄ&#x2018;Ä&#x2021;Ĺ&#x2DC;ĹŠ"#ĹŠ+ ĹŠ , 9.-( ĹŠ 3." 5~ ĹŠ#23;ĹŠ(-3 !3 Ä&#x201C;

-ĹŠ!($1 2

;djh[ '//, o (&&+ i[ f[hZ_[hed Y[hYW Z[ '/$+&& a_bÂ&#x152;c[jhei YkW# ZhWZei Z[ i[blW feh WÂ&#x2039;e$ ;d (&&* i[ bb[]Â&#x152; W kd c|n_ce ^_ijÂ&#x152;h_Ye" YkWdZe Z[iWfWh[Y_[hed c|i Z[ (-$&&& a_bÂ&#x152;c[jhei YkWZhWZei$ Bk[]e" [i[ c_ice WÂ&#x2039;e" 8hWi_b b[ Z[YbWhÂ&#x152; bW ]k[hhW W bW Z[\eh[i# jWY_Â&#x152;d o fhec[j_Â&#x152; h[ZkY_h iki Â&#x2021;dZ_Y[i [d .& fWhW (&(&$

Ä&#x201C;ĹŠ Ă&#x152;-ĹŠ/(#1"#-ĹŠ!. #1341 ĹŠ5#%#3 +Ä&#x201D;ĹŠ/#1.ĹŠ2(%4#-ĹŠ!.-31.+ -".ĹŠ+ 2ĹŠ !3(5(" "#2ĹŠ(+#% +#2Ä&#x201C;

Ä&#x201D;ĹŠ ĹŠ Ä&#x203A;ĹŠ BW :_h[YY_Â&#x152;d DWY_edWb Z[ C[j[ehebe]Â&#x2021;W :DC Z[ Khk]kWo [c_j_Â&#x152; kdW Wb[hjW he`W Z[X_Ze Wb Wbje h_[i]e Z[ _dY[dZ_ei \eh[ijWb[i [d [b fWÂ&#x2021;i Yece Yedi[# Yk[dY_W Z[ bW i[gkÂ&#x2021;W o WbjWi j[cf[# hWjkhWi Z[b l[hWde WkijhWb$ BW Wb[hjW j_[d[ feh Ă&#x2019;dWb_ZWZ gk[ bW feXbWY_Â&#x152;d o bei jkh_ijWi Ă&#x2020;[njh[c[d bei Yk_ZWZeiĂ&#x2021; Z[X_Ze W gk[ bWi YedZ_Y_ed[i c[j[ehe# bÂ&#x152;]_YWi ikfed[d Ă&#x2020;kd h_[i]e cko WbjeĂ&#x2021; Z[ _dY[dZ_ei \eh[ijWb[i" i[# Â&#x2039;WbÂ&#x152; bW :DC [d ik f|]_dW m[X$

(4" " -~ ĹŠ/1#5#-("

C_b[i Z[ khk]kWoei o jkh_ijWi Z_i# \hkjWd WYjkWbc[dj[ Z[ iki lWYW# Y_ed[i Z[ l[hWde [d ckY^ei YWiei [d YWcfWc[djei ZedZ[ \h[Yk[d# j[c[dj[ i[ h[Wb_pWd fWhh_bbWi fWhW YeY_dWh [b jhWZ_Y_edWb WiWZe$ BW i[gkÂ&#x2021;W W\[YjW W jeZe [b Khk# ]kWo" o [d bW pedW dehj[ o e[ij[ Z[b fWÂ&#x2021;i i[ fh[lÂ&#x192; j[cf[hWjkhWi ikf[h_eh[i W bei ). ]hWZei$ :khWdj[ [b Ă&#x2019;d Z[ i[cWdW i[

Ä Ä&#x192;Ĺ? Ĺ? Ĺ? Ĺ?Ä&#x201A;Ä&#x20AC;Ä Ä&#x201A;Ĺ?

Ĺ? +. Ä&#x152;Ĺ?

Ä&#x160;

Ä&#x201C;ĹŠ .2ĹŠ414%4 8.2ĹŠ"# #1;-ĹŠ #5(3 1ĹŠ' !#1ĹŠ$.% 3 2ĹŠ#-ĹŠ+4% 1#2ĹŠ".-"#ĹŠ /4#" -ĹŠ.1(%(- 12#ĹŠÄ&#x201E; %#+.2Ä&#x201C;

Z[iWjWhed Zei _dY[dZ_ei [d [b Z[fWhjWc[dje Z[ IWbje" kdei *&& a_bÂ&#x152;c[jhei Wb dehe[ij[ Z[ Cedj[l_Z[e" gk[ gk[cWhed kdWi )&& ^[Yj|h[Wi Z[ cedj[" f[he de eYWi_edWhed ^[h_Zei$ ;b fh_c[h ]hWd _dY[dZ_e \e# h[ijWb Z[ bW j[cfehWZW Z[ l[hW# de [d Khk]kWo i[ fheZk`e ^WY[ kd c[i [d [b Z[fWhjWc[dje Z[ HeY^W" [d bWi fhen_c_ZWZ[i Z[ XWbd[Wh_e FkdjW Z[b :_WXbe1 gk[# cÂ&#x152; Y[hYW Z[ '$&&& ^[Yj|h[Wi Z[ Xeigk[ o Z[cWdZÂ&#x152; kdW i[cWdW Z[ jhWXW`e Z[ XecX[hei" c_b_jW# h[i o \kdY_edWh_ei ckd_Y_fWb[i fWhW WfW]Whbe$


Ä Ä&#x20AC;

0%!),+ (! 01. Ä Ä&#x2020;Ĺ?)%*Ä&#x2039;

Ĺ?Ä Ä&#x192;Ĺ? Ĺ? Ĺ? Ĺ?Ä&#x201A;Ä&#x20AC;Ä Ä&#x201A;

Ĺ? +. Ĺ?Ĺ?

38ĹŠ8ĹŠ 118Ä&#x201D;ĹŠ+.2ĹŠ %1 -"#2ĹŠ% - ".1#2ĹŠ

ĹŠ : Ä&#x201D;ĹŠ Â&#x161; BW YWdjWdj[ ;djh[ bei cÂ&#x2018;bj_fb[i ]WbWhZedW# AWjo F[hho o bW Â&#x2018;bj_cW [djh[# Zei [ijkl_[hed @e^ddo :[ff ]W Z[ bW iW]W Z[ >Whho Fejj[h o ;ccW Ijed[" Yed kd fWh Z[ Zec_dWhed bW deY^[ Z[b c_Â&#x192;h# fh[c_ei YWZW kde [d YWj[]e# hÂ&#x2021;Wi _dj[hfh[jWj_lWi" WiÂ&#x2021; Yeb[i bW ). [Z_Y_Â&#x152;d Z[ Yece bW i[h_[ Ă&#x2C6;Ikf[h# bei F[efb[Ă&#x2030;i 9^e_Y[ dWjkhWbĂ&#x2030; gk[ i[ _cfkie 7mWhZi" fh[c_ei Z[b ĹŠ Yece ZhWcW \Wleh_je o ckdZe Z[b [if[Yj|Ykbe fhe]hWcW \Wleh_je Z[ gk[ YedY[Z[d bei \Wdi 1 ĹŠ#+ĹŠ/1.!#2.ĹŠ Y_[dY_W Ă&#x2019;YY_Â&#x152;d$ Yed iki lejei [c_j_Zei "#ĹŠ#+#!!(¢-ĹŠ"#ĹŠ +.2ĹŠ% - ".1#2ĹŠ2#ĹŠ JWcX_Â&#x192;d h[ikbjWhed feh ?dj[hd[j$ 1#%(231 1.-ĹŠ,;2ĹŠ BW _djÂ&#x192;hfh[j[ Z[ Ă&#x2C6;<_# "#ĹŠÄ&#x2030;Ä&#x160;Ä&#x2021;ĹŠ,(++.-#2ĹŠ fh[c_WZWi bWi f[bÂ&#x2021;YkbWi Ă&#x2C6;7]kW fWhW [b[\Wdj[iĂ&#x2030; h[mehaiĂ&#x2030; i[ _cfkie "#ĹŠ5.3.2ĹŠ#-ĹŠ+ ĹŠ 1#"Ä&#x201D;ĹŠ+.ĹŠ04#ĹŠ24/4Äą o Ă&#x2C6;:WcWi [d ]k[hhWĂ&#x2030;" [d Y_dYe YWj[]ehÂ&#x2021;Wi 2.ĹŠ4-ĹŠ1_!.1"Ä&#x201C; be c_ice gk[ [b WYjeh [djh[ [bbWi bW Z[ Whj_ijW Ceh]Wd <h[[cWd gk[ \[c[d_dW fh[\[h_ZW e YWdY_Â&#x152;d Z[b WÂ&#x2039;e fh[\[h_ZW feh \k[ decXhWZe [b _Yede Y_d[# Ă&#x2C6;;$J$Ă&#x2030;" c_[djhWi gk[ Ă&#x2C6;>Whho Fej# cWje]h|Ă&#x2019;Ye fh[\[h_Ze$ j[h o bWi h[b_gk_Wi Z[ bW ck[hj[0 BW ]WbW i[ Y[b[XhÂ&#x152; [d [b j[Wjhe FWhj[ (Ă&#x2030; i[ bb[lÂ&#x152; YkWjhe fh[# Dea_W Z[ Bei Ă&#x203A;d][b[i o \k[ c_ei" [b c|i _cfehjWdj[ [b Z[ [c_j_ZW [d ;;$KK$ feh bW YW# Z[dW 98I$ f[bÂ&#x2021;YkbW \Wleh_jW Z[ (&''$

#5.+4!(.- ĹŠ !.-ĹŠ#+ĹŠÄ&#x2C6;Ä&#x2030;

ĹŠ

ĹŠÄĽ1#(- ĹŠ"#+ĹŠ/./ÄŚĹŠ+ -9 ĹŠ24ĹŠ"4."_Äą !(,.ĹŠ"(2!.Ä&#x201D;ĹŠÄĽ ÄŚÄ&#x201D;ĹŠ8ĹŠ! 42 ĹŠ1#Äą 54#+.ĹŠ#-ĹŠ -3#1-#3Ä&#x201C;ĹŠ Ä&#x201D;ĹŠ ĹŠ Ă&#x2022; 7 \WbjW Z[ kdWi feYWi i[cWdWi

fWhW gk[ [b ckdZe [dj[he fk[ZW Z_i\hkjWh Z[ Ă&#x2C6;=_cc[ Wbb oekh bkl_dĂ&#x2030;" [b fh_c[h i_d]b[ Z[ ik [if[hWZe dk[le Z_iYe" CWZeddW WYWXW Z[ Z[il[bWh [b jÂ&#x2021;jkbe gk[ bb[lWh| [ij[ jhWXW# `e0 Ă&#x2C6;C:D7Ă&#x2030;" kdWi jhWcfeiWi _d_Y_Wb[i gk[ ^Wd h[lebkY_edWZe bWi h[Z[i ieY_Wb[i [d bWi Â&#x2018;bj_cWi ^ehWi$ ĹŠ Kde Z[ bei fh_dY_fWb[i fkdjei Z[ bei gk[ i[ ^WY[d ÄĽ ÄŚĹŠ#2ĹŠ#+ĹŠ/1(Äą [Ye bei kikWh_ei [d bW h[Z ,#1ĹŠ31 ).ĹŠ04#ĹŠ [i Z[ gk[ [b jÂ&#x2021;jkbe [iYe]_# ".-- ĹŠ+ -9 1;ĹŠ Ze [i kd `k[]e Z[ fWbWXhWi "#ĹŠ+ ĹŠ, -.ĹŠ"#ĹŠ -3#12!./#ĹŠ gk[" W fh_c[hW l_ijW" WbkZ[ #!.1"2Ä&#x201D;ĹŠ$(+( +ĹŠ"#ĹŠ -(5#12 +ĹŠ 42(!Ä&#x201D;ĹŠ Wb decXh[ WhjÂ&#x2021;ij_Ye Z[ bW Ă&#x2C6;h[_# !.-ĹŠ+ ĹŠ04#ĹŠ+ ĹŠ dW Z[b fefĂ&#x2030; f[he gk[" WZ[c|i" (-3_1/1#3#ĹŠ' ĹŠ $(!' ".ĹŠ/.1ĹŠ31#2ĹŠ ]kWhZW ]hWd fWh[Y_Ze Yed [b "(2!.2Ä&#x201C;ĹŠ decXh[ gk[ h[Y_X[ [d _d]bÂ&#x192;i Ă&#x2C6;C:C7Ă&#x2030; bW Zhe]W Z[ Z_i[Â&#x2039;e YedeY_ZW Yece Â&#x192;njWi_i$ CWZeddW WlWdpÂ&#x152; bW deY^[ Z[b c_Â&#x192;hYeb[i bW dej_Y_W [d Z[YbWhW# Y_ed[i W bW 889 Yed cej_le Z[b [ijh[de [d BedZh[i Z[ bW f[bÂ&#x2021;YkbW Ă&#x2C6;M$;$Ă&#x2030;" [d bW gk[ bW bbWcWZW Ă&#x2C6;Wc# X_Y_Â&#x152;d hkX_WĂ&#x2030; ^W [`[hY_Ze Z[ Z_h[Y# jehW" YebeYWdZe WiÂ&#x2021; ejhW f_[pW YbWl[ c|i Z[ [ij[ fkppb[ [d [b gk[ i[ ^W Yedl[hj_Ze ik ZkeZÂ&#x192;Y_ce |bXkc" gk[ de l[h| bW bkp ^WijW cWhpe" WÂ&#x2018;d i_d \[Y^W [nWYjW$

ÄĽ 1 -%#+(- ÄŚĹŠ5(2(3 ĹŠ ĹŠ , Ä&#x201D;ĹŠ Â&#x161; ;b fh[i_Z[dj[ Z[

Ä&#x201C;ĹŠ ĹŠ! -3 -3#ĹŠ 38ĹŠ #118ĹŠ8ĹŠ -(#+ĹŠ "!+(Ä&#x201A;#Ä&#x201D;ĹŠ/1.3 %.-(23 ĹŠ"#ĹŠ ÄĽ 118ĹŠ .33#1ÄŚÄ&#x201C;ĹŠ

Ĺ&#x2014;ĹŠĹŠ

;b h[YedeY_Ze WijhÂ&#x152;be]e fk[hjehh_gk[Â&#x2039;e MWbj[h C[h# YWZe" Z[ -/ WÂ&#x2039;ei" i[ [dYk[djhW h[Ybk_Ze [d kd ^eif_jWb Z[ IWd @kWd h[Ykf[h|dZei[ Z[ kdW fkbcedÂ&#x2021;W gk[ ik\h_Â&#x152; ZkhWdj[ bW Â&#x192;feYW dWl_Z[Â&#x2039;W" Z_`e ik h[fh[i[djWdj[" HeiiWdW He_]" W c[Z_ei beYWb[i$ ĹŠ

I[]Â&#x2018;d _dZ_YÂ&#x152; bW YWiW fh[i_# Z[dY_Wb" Ă&#x2020;[b fh[i_Z[dj[ 8WhWYa EXWcW ^WXbÂ&#x152; Yed bW i[Â&#x2039;ehW @eb_[ ieXh[ ik jhWXW`e fWhW bbW# cWh bW Wj[dY_Â&#x152;d ieXh[ bW fh[# l[dY_Â&#x152;d Z[ cWjWdpWi o YedjhW bW l_eb[dY_W i[nkWb YedjhW bWi ck`[h[iĂ&#x2021;$

Ä&#x201C;ĹŠ 1 "ĹŠ8ĹŠ -%#+(- ĹŠ#2ĹŠ+ ĹŠ/ 1#) ĹŠ ,;2ĹŠ/./4+ 1ĹŠ"#+ĹŠ,4-".Ä&#x201C;ĹŠĹŠ

(-3.-(9 -

Ĺ&#x2014;ĹŠ ĹŠ 7f[dWi kdei c[i[i Z[i# fkÂ&#x192;i Z[ WdkdY_Wh ik Z_lehY_e" CWhY 7dj^edo o @[dd_\[h BÂ&#x152;f[p ^Wd Z[ceijhWZe [ijW i[cWdW [d Bei Ă&#x203A;d][b[i i_djed_pWh Yece fWh[`W Z[ jhW# XW`e [d [b fbWjÂ&#x152; Yed ik dk[le fheo[Yje `kdjei" [b fhe]hWcW j[b[l_i_le Ă&#x2C6;ÂśGĂ&#x2030;L_lW J^[ 9^e# i[dĂ&#x2030; fWhW Z[iYkXh_h dk[lei jWb[djei bWj_dei$ ĹŠ

#ĹŠ1#!4/#1

;;$KK$" 8WhWYa EXWcW" i[ jecÂ&#x152; kd h[if_he [d ik W][dZW febÂ&#x2021;j_YW fWhW Z[Z_YWh j_[cfe W kdW h[# kd_Â&#x152;d [d [b :[ifWY^e ElWb Yed bWi [ijh[bbWi Z[ >ebbomeeZ 7d][# b_dW @eb_[ o 8hWZ F_jj" YedĂ&#x2019;hcÂ&#x152; bW 9WiW 8bWdYW$

7/.-#ĹŠ#-ĹŠ #+'(

Ĺ&#x2014;ĹŠ ĹŠĹŠ BW Whj_ijW o WYj_l_ijW feh bW fWp `Wfed[iW Oeae Ede ^ec[dW`[Â&#x152; Wo[h W bWi ck`[h[i _dZ_Wi" W bWi gk[ Z[Z_YÂ&#x152; kdW i[h_[ Z[ [nfei_Y_ed[i Z[ Whj[ o WYjkWY_ed[i gk[ _d_Y_Wd W fWhj_h Z[ ^eo [d Dk[lW :[b^_$ Ă&#x2020;J[d]e kd Wceh \k[hj[ [ _dYh[Â&#x2021;Xb[ ^WY_W bWi ck`[h[i _dZ_Wi$ $$$ Ă&#x2021; Z_`e bW l_kZW Z[ @e^d B[ddedÄ&#x201C;ĹŠ

ĹŠ ĹŠ ĹŠ ĹŠ ĹŠ

#ĹŠ1##-!4#-31 ĹŠ!.-ĹŠ

ĹŠ Ă&#x2022; BW XWdZW [ifWÂ&#x2039;ebW [ij| b_ijW o Yed Ă&#x2020;ckY^Wi ]W# dWiĂ&#x2021; Z[ fh[i[djWhi[ [d bW =hWd CWdpWdW" ZedZ[ i[ h[[dYed# jhWh| Yed ik fÂ&#x2018;Xb_Ye" Yece fWhj[ Z[ kdW i[h_[ Z[ YedY_[hjei gk[ jhW[h| W bW Y_kZWZ Z[ bei hWiYWY_[bei W [ijh[bbWi Z[ ;ifW# Â&#x2039;W o BWj_deWcÂ&#x192;h_YW$ BW Eh[`W Z[ LWd =e]^ de i[ fh[i[djW [d bW Y_kZWZ Z[iZ[ ^WY[ YWi_ '& WÂ&#x2039;ei" feh be gk[ ik YWdjWdj[" B[_h[ CWhjÂ&#x2021;d[p" i[ [ijh[dWh| [d bW Ă&#x2C6;YWf_jWb Z[b ckdZeĂ&#x2030; jhWi bW iWb_ZW Z[ 7cW_W Cedj[he [d (&&.$


-(".2ũ /.1ũ4- ũ 4#- ũ ! 42

ũ

Ì2(!.2ũ#!4 3.1( -.2ũ2#ũ1#4-(#1.-ũ #-ũ4- ũ! ,/ ũ#,/1#-"(" ũ/.1ũ#+ũ (-(23#1(.ũ"#+ũ -3#1(.1ē µI[ _cW]_d Wb]kdW l[p [i# YkY^Wh [d kd c_ice Z_iYe W :[b\ d Gk_i^f[" BW =hkfW" 8h_je" AWhbW AWdehW o Y[hYW Z[ (& Whj_ijWi dWY_edWb[i5 ;ije i[ ^_pe fei_Xb[ ]hWY_Wi W bW _d_Y_Wj_lW ÈOe Z[Y_ZeÉ" Z[b C_d_ij[h_e Z[b ?dj[h_eh" gk[ XkiYW YecXWj_h lWh_ei fheXb[cWi gk[ Wgk[`Wd W bW Y_kZWZWd W$ :[b\ d Gk_i^f[" C|n_ce ;iYWb[hWi" @W_c[ ;dh_gk[ 7o# cWhW" 7bX[hje 9Wh[b_i" CWh_[bW 9edZe" B_bW <beh[i" =[hWhZe C[` W" HeYae o 8bWijo" 8_ehd 8eh]" =kWhZWhhWoW" BW =hk#

fW" :Wh e 9Wijhe" AWhbW AWde# hW" =kijWle >[hh[hW" <Wkije C_ e" =kWdWYe" FWdY^e J[# h|d" C_h[bbW 9[iW [ ?ihW[b 8h_je i[ h[kd_[hed XW`e bW XWjkjW Z[b fheZkYjeh ?l_i <b_[i fWhW ]hW# XWh i[_i j[cWi fWhW Z[if[hjWh bW _d_Y_Wj_lW Y_kZWZWdW [d [b fW i$

2ũ! -!(.-#2

;b Z_iYe Yedj_[d[ bei j[cWi0 È;i j_[cfeÉ" _dj[hfh[jWZe feh C|n_ce ;iYWb[hWi" :Wh e 9Wi# jhe" o È=kWhZWhhWoWÉ gk[ jhWjW ieXh[ bW l_eb[dY_W [d bW ieY_[# ZWZ$ È;b heXeÉ" feh :[b\ d Gk_i#

ũ #++#9 ũ"#+ũ !~$(!. BW X[bb[pW Z[ bWi YeijWi gk[ XW Wd [b ]hWd eY Wde i[ Yed# Y[djhWd [d dk[ijhe fW i [d [b [l[dje C_ii FWY ÒYe ;YkWZeh (&'($ ;d XkiYW Z[ dk[ijhW Z[# b[]WZW i[ ^W _Z[WZe kd YWij_d] gk[ _d_Y_W ^eo [d [b =hWd >ej[b =kWoWgk_b W bWi '+0)&$

ũ#+#%(" ũ

BW X[bb[pW i[b[YY_edWZW i[h| bW h[fh[i[djWdj[ [YkWjeh_WdW [d [b ÈC_ii FWY ÒYe Kd_l[hieÉ" ZedZ[ Yecf[j_h| Yed fW i[i Yece0 ;ijWZei Kd_Zei" L[d[# pk[bW" H[f Xb_YW :ec_d_YWdW" C n_Ye" [djh[ ejhei$ BW ]WbW Ò# dWb Z[ [ij[ YedYkhie i[ bb[lWh| W YWXe [d =kWj[cWbW" [b - Z[ WXh_b$ :WZW bW h[b[lWdY_W _dj[hdW# Y_edWb Z[b [l[dje" bei eh]Wd_pW# Zeh[i j_[d[d [b fbWpe Z[ [iYe# ][h W dk[ijhW YWdZ_ZWjW ^WijW [b '& Z[ \[Xh[he$ ;b f[hÒb gk[ i[ XkiYW [i kdW ck`[h [YkWje#

h_WdW Z[ dWY_c_[dje e dWY_e# dWb_pWZW X[bbW" Z[ [djh[ '- W (, W ei" [b[]Wdj[" Z[ [ijWjkhW c # d_cW '",+ Yc o Z[i[dlk[bjW$

2ũ$#!' 2

;b YWij_d]" WZ[c|i Z[ [d =kW# oWgk_b" i[ bb[lWh| W YWXe [d0 PW# cehW 9ecfb[`e 8ecikYWhe" W bWi '+0)&" [ij[ '* o '+ Z[ [d[he o [d bW YWf_jWb [ij[ '- Z[ [d[he [d [b ;Z_ÒY_e I_blW D [p \h[dj[ Wb Gk_Y[djhe I^eff_d] dehj[ " W bWi ',0&&$ JWcX_ d i[ fk[Z[ lejWh feh bWi YWdZ_ZWjWi Z[iZ[ [ij[ '. Z[ [d[he [d0 mmm$c_iifWY_ÒYe[# YkWZeh$Yec bW ]WdWZehW [d bW m[X fWiWh| W i[h bW i[njW ÒdW# b_ijW $ ēũ -"1# ũ (- 2!.Ĕũ (22ũ !~ă!.ũ !4 ".1ũ ĉćĈĈē

āăŏ ŏ ŏ ŏĂĀāĂŏ

ŏ +. Čŏ

āā

( .Ĕũ % + 1".- ".ũ #-ũ .,4-(" "ũ -"(- ũě 9ed ik

ēũ #+$~-ũ 4(2'/#ũ++ ,¢ũ+ ũ 3#-!(¢-ũ"#ũ+.2ũ,#"(.2ũ#-ũ+ ũ/1#2#-ı 3 !(¢-ũ"#ũĥ .ũ"#!(".Ħē

^f[" 8_ehd 8eh] o BW =hkfW gk[ h[bWjW bW fheXb[c|j_YW Z[ bW Yec# fhW o l[djW Z[ Whj Ykbei heXWZei$ ÈGk l_ZW [ijWÉ feh =kijWle >[# hh[hW" C_h[bW 9[iW o 7bX[hje 9W# b[h_i gk[ h[jhWjW [b i[Yk[ijhe$ JWcX_ d [ij|d ÈGk[ iecei ^[hcWdeiÉ" feh AWhbW AWdehW" @W_c[ ;dh_gk[ 7ocWhW" o HeYae o 8bWijo ieXh[ bW YkbjkhW Z[ fWp$ È;ijW ][dj[É feh 8h_je" <Wkije C_ e" B_bW <beh[i o =kWdWYe" feh [b h[iYWj[ Z[ bei [ifWY_ei f Xb_# Yei o È:[f[dZ[ Z[ j_É" feh FWdY^e J[h|d" CWh_[bW 9edZe" CWa_ o =[hWhZe C[` W" ieXh[ bei [nY[iei [d [b Yedikce Z[ Zhe]Wi$

.2ũ!.-!(#13.2

BW B_X[hjWZ '* Z[ [d[he " 7c# XWje (' Z[ [d[he " Gk_je (. Z[ [d[he " ?XWhhW * Z[ \[Xh[he " Fkoe '' Z[ \[Xh[he " 9k[dYW '. Z[ \[Xh[he o CWdjW (+ Z[ \[Xh[he i[h|d bei [iY[dWh_ei Z[ i_[j[ YedY_[hjei gk[ XkiYWd YecfWhj_h Yed bW Yeckd_ZWZ bei c[diW`[i fh[l[dj_lei o Z[ YedY_[dY_WY_ d [d jehde W bW i[# ]kh_ZWZ Y_kZWZWdW$ ÆFWhW [ijWi YWdY_ed[i de dei fh[eYkfWcei feh ^WY[h ^_ji ck# i_YWb[i i_de YWdY_ed[i Yed c[d# iW`[Ç" Z_`e ?l_i <b_[i" fheZkYjeh Z[b Z_iYe$

j[cW ÈIeb_jWh_e YehW# p dÉ" [b i[hhWYeij[ e i[ Yedl_hj_ [d [b fh_# c[h [YkWjeh_Wde [d eXj[d[h [b ]WbWhZ d Yece C[`eh YWdY_ d fef" gk[ feh i[]kdZe W e Yedi[Ykj_le eh# ]Wd_pW HWZ_e 9Wd" bW [c_iehW feh ?dj[hd[j Z[ bW I[Yh[jWh W =[d[# hWb Z[ bW 9eckd_ZWZ 7dZ_dW$

*2%,(512 $87Ð1202 '(6&(175$/,=$'2 081,&,3$/ '(/ &$17Ð1 9,1&(6 &2192&$725,$ $ &21&8562 3Ò%/,&2 '( 0(5(&,0,(1726 < 2326,&,Ï1 3$5$ 237$5 325 (/ &$5*2 '( 5(*,675$'25 '( /$ 3523,('$' '(/ &$17Ï1 9,1&(6 $17(&('(17(6 D 4XH OD &RQVWLWXFLyQ GHO (FXDGRU HQ VX DUWtFXOR HVWDEOHFH TXH HO VLVWHPD S~EOLFR GH UHJLVWUR GH OD SURSLHGDG VHUi DGPLQLVWUDGR GH PDQHUD FRQFXUUHQWH HQWUH OD )XQFLyQ (MHFXWLYD \ ODV PXQLFLSDOLGDGHV E (Q IXQFLyQ GH TXH HO DUWtFXOR GHO &yGLJR 2UJiQLFR GH 2UJDQL]DFLyQ 7HUULWRULDO $XWRQRPtD \ 'HVFHQWUDOL]DFLyQ SXEOLFDGR HQ HO VXSOHPHQWR GHO 5HJLVWUR 2ILFLDO 1R GHO GH RFWXEUH GH FRQVDJUD TXH OD DGPLQLVWUDFLyQ GH ORV UHJLVWURV GH OD SURSLHGDG GH FDGD FDQWyQ FRUUHVSRQGH D ORV JRELHUQRV DXWyQRPRV GHVFHQWUDOL]DGRV PXQLFLSDOHV F 4XH HO &yGLJR 2UJiQLFR GH 2UJDQL]DFLyQ 7HUULWRULDO $XWRQRPtD \ 'HVFHQWUDOL]DFLyQ GHILQH HQ HO DUWLFXOR TXH HO DOFDOGH R DOFDOGHVD HV OD SULPHUD DXWRULGDG GHO HMHFXWLYR GHO JRELHUQR DXWyQRPR GHVFHQWUDOL]DGR PXQLFLSDO VLHQGR OD IXQFLyQ HMHFXWLYD XQD GH ODV IXQFLRQHV SUHYLVWDV HQ HO DUWtFXOR GHO LQGLFDGR FyGLJR G 4XH HV IXQGDPHQWDO SDUD HO *RELHUQR $XWyQRPR 'HVFHQWUDOL]DGR 0XQLFLSDO GH 9LQFHV ± 0XQLFLSDOLGDG GH 9LQFHV ± OD UHDOL]DFLyQ GH DFFLRQHV RSRU WXQDV FRQGXFHQWHV D OD GHVLJQDFLyQ GHO FDUJR GH UHJLVWUDGRU GH OD SURSLHGDG GHO &DQWyQ 9LQFHV H /H\ GHO 6LVWHPD 1DFLRQDO GH 5HJLVWUR GH 'DWRV 3~EOLFRV 52 6 1R GHO GH PDU]R GHO I (O 5HJODPHQWR GHO &RQFXUVR GH 0HUHFLPLHQWRV \ 2SRVLFLyQ SDUD OD 6HOHFFLyQ \ 'HVLJQDFLyQ GH 5HJLVWUDGRUHV GH OD 3URSLHGDG GH DFXHUGR D OD UHVROXFLyQ 1R ',1$5'$3 GHO GH GLFLHPEUH GHO (Q FXPSOLPLHQWR GH ODV QRUPDV DQWHV LQGLFDGDV &2192&$ $ ORV SURIHVLRQDOHV GHO GHUHFKR TXH FXPSODQ ORV VLJXLHQWHV UHTXLVLWRV SDUD TXH SDUWLFLSHQ HQ HO FRQFXUVR GH PHUHFLPLHQWRV \ RSRVLFLyQ SDUD RSWDU SRU HO FDUJR GH 5HJLVWUDGRU GH OD 3URSLHGDG GHO &DQWyQ 9LQFHV GH DFXHUGR FRQ ODV VLJXLHQWHV QRUPDV ',6326,&,Ï1 35,0(5$ 5HTXLVLWRV SDUD OD 3RVWXODFLyQ &RQIRUPH HVWDEOHFHQ OD /H\ 2UJiQLFD GHO 6HUYLFLR 3~EOLFR DVt FRPR HO $UW GH OD /H\ GHO 6LVWHPD 1DFLRQDO GH 5HJLVWUR GH 'DWRV 3~EOLFRV SDUD OD VHOHFFLyQ \ GHVLJQDFLyQ GH ORV UHJLVWUDGRUHV GH OD SURSLHGDG ODV \ ORV SRVWXODQWHV FXPSOLUiQ ORV VLJXLHQWHV UHTXLVLWRV 6HU HFXDWRULDQD R HFXDWRULDQR \ HVWDU HQ JRFH GH ORV GHUHFKRV SROtWLFRV 7HQHU WtWXOR GH DERJDGR D DFUHGLWDGR \ UHFRQRFLGR OHJDOPHQWH HQ HO SDtV $FUHGLWDU KDEHU HMHUFLGR FRQ SURELGDG H LGRQHLGDG QRWRULDV OD SURIHVLyQ SRU XQ SHUtRGR PtQLPR GH WUHV DxRV 6HU PD\RU GH DxRV \ HVWDU HQ SOHQR HMHUFLFLR GH ORV GHUHFKRV SUHYLVWRV SRU OD &RQVWLWXFLyQ GH OD 5HS~EOLFD \ OD /H\ SDUD HO GHVHPSHxR GH XQD IXQFLyQ S~EOLFD 1R HQFRQWUDUVH HQ LQWHUGLFFLyQ FLYLO QR VHU GHXGRU DO TXH VH VLJD SURFHVR GH FRQFXUVR GH DFUHHGRUHV \ QR KDOODUVH HQ HVWDGR GH LQVROYHQFLD IUDXGX OHQWD GHFODUDGD MXGLFLDOPHQWH \ QR KDEHU VLGR GHVWLWXLGR HQ HO FDUJR GH UHJLVWUDGRU GH OD SURSLHGDG VL OR KXELHUH VLGR 1R HVWDU FRPSUHQGLGR HQ DOJXQD GH ORV FDXVDOHV GH SURKLELFLyQ SDUD HMHUFHU FDUJRV S~EOLFRV &XPSOLU FRQ ORV UHTXHULPLHQWRV GH SUHSDUDFLyQ DFDGpPLFD \ GHPiV FRPSHWHQFLDV H[LJLEOHV SUHYLVWD HQ OD OH\ +DEHU VXIUDJDGR FXDQGR VH WLHQH REOLJDFLyQ GH KDFHUOR VDOYR ODV FDXVDV GH H[FXVD SUHYLVWDV HQ OD /H\ 1R HQFRQWUDUVH HQ PRUD GHO SDJR GH FUpGLWRV HVWDEOHFLGRV D IDYRU GH ODV HQWLGDGHV X RUJDQLVPR GHO VHFWRU S~EOLFR D H[FHSFLyQ GH OR HVWDEOHFLGR HQ HO $UW GH OD /H\ 2UJiQLFD GHO 6HUYLFLR 3~EOLFR /RV GHPiV UHTXLVLWRV VHxDODGRV HQ OD &RQVWLWXFLyQ GH OD 5HS~EOLFD \ OD /H\ 5HTXLVLWRV *HQHUDOHV /DV \ ORV SRVWXODGRV SUHVHQWDUiQ FRQ VX VROLFLWXG GH SRVWXODFLyQ ORV VLJXLHQWHV GRFXPHQWRV &RSLD GH OD FpGXOD GH FLXGDGDQtD &RSLD GHO FHUWLILFDGR GH YRWDFLyQ GHO ~OWLPR HYHQWR HOHFWRUDO ',6326,&,Ï1 6(*81'$ (QWUHJD \ 5HFHSFLyQ GH 'RFXPHQWRV /D UHFHSFLyQ GH GRFXPHQWRV GHQWUR GHO FRQFXUVR SDUD RSWDU HO FDUJR GH UHJLVWUD GRU GH OD SURSLHGDG GHO &DQWyQ 9LQFHV VHUi UHFHSWDGD HQ OD 8QLGDG $GPLQLVWUDWLYD GH 7DOHQWR +XPDQR /DV R ORV SRVWXODQWHV SUHVHQWDUiQ HQ HO IRUPXODULR TXH OD PXQLFLSDOLGDG OHV HQWUHJy D ORV PLVPRV DGHPiV GH OD GRFXPHQWDFLyQ UHTXHULGD OR VLJXLHQWH 6ROLFLWXG IRUPDO GH SRVWXODFLyQ FRQ OD LQGLFDFLyQ GHO FDUJR OXJDU \ HO FDQWyQ SDUD HO TXH SRVWXOD /D KRMD GH YLGD GH OD R HO SRVWXODQWH \ /RV GRFXPHQWRV TXH DFUHGLWHQ WtWXORV DFDGpPLFRV H[SHULHQFLD ODERUDO \ RWURV PpULWRV FRPR FXUVRV VHPLQDULRV PDHVWUtDV HVSHFLDOL]DFLRQHV /D GRFXPHQWDFLyQ VH SUHVHQWDUi HQ RULJLQDOHV R FRSLDV DXWHQWLFDGDV DQWH HO 1RWDULR 3~EOLFR GHELGDPHQWH RUJDQL]DGDV \ IROLDGDV VHFXHQFLDOPHQWH (O R OD SRVWXODQWH VHxDODUi VX GRPLFLOLR DVt FRPR OD GLUHFFLyQ GH FRUUHR HOHFWUyQLFR SDUD UHFLELU QRWLILFDFLRQHV /DV SHUVRQDV LQWHUHVDGDV HQ SDUWLFLSDU HQ HO &RQFXUVR GH 0HUHFLPLHQWRV \ 2SRVLFLyQ REMHWR GH HVWD FRQYRFDWRULD HQWUHJDUiQ VXV ³+RMDV GH 9LGD´ MXQWR FRQ OD GRFXPHQWDFLyQ TXH DFUHGLWH HO FXPSOLPLHQWR GH ORV UHTXLVLWRV HVWDEOHFLGRV HQ HVWD SXEOLFDFLyQ HQ OD 8QLGDG $GPLQLVWUDWLYD GH 7DOHQWR +XPDQR XELFDGD HQ OD SODQWD EDMD GHO 3DODFLR 0XQLFLSDO GH 9LQFHV XELFDGR HQ ODV FDOOHV 6XFUH \ GH RFWXEUH GHVGH ODV K KDVWD ODV K GHO YLHUQHV GH IHEUHUR GHO 9LQFHV HQHUR GHO 0VF )UDQFLVFR /HyQ 9HDV $/&$/'( '(/ &$17Ï1 9,1&(6

$ /


Ĺ? Ĺ? Ĺ? Ĺ? Ĺ?

Ä Ä&#x201A;

Ä Ä&#x192;Ĺ? Ĺ? Ĺ? Ĺ?Ä&#x201A;Ä&#x20AC;Ä Ä&#x201A;Ĺ?

Ĺ? +. Ä&#x152;Ĺ?

ĹŠ ĹŠĹŠ ĹŠĹŠ ĹŠ ĹŠ Ä&#x2013;ĹŠ

:[cWi_WZe _dgk_[jei o Wd# Ĺ&#x2014;ĹŠ i_eiei" YWh[Y[d Z[ l_jWb_ZWZ o

[d[h]Â&#x2021;W" de jecWd Z[Y_i_ed[i$ J_[d[d Wf[]e W bei l_Y_ei$

ĹŠ Ä&#x2013;ĹŠ

Ĺ&#x2014;ĹŠ

BW cÂ&#x2018;i_YW ikWl[" bW cej_lW# Y_Â&#x152;d YWh_Â&#x2039;eiW o bei Wd_cWb_jei$

ĹŠ Ä&#x2013;ĹŠ

Ĺ&#x2014;ĹŠ ĹŠ:[X_Ze W ik [nY[ie Z[ i[di_# X_b_ZWZ [ _cfh[i_edWX_b_ZWZ i[

bei Z[X[hÂ&#x2021;W jhWjWh Yed ckY^e j_de o ieXh[ jeZe Yed W\[Yje o ikWl_ZWZ$

ĹŠ ĹŠ ĹŠ Ä&#x2013;ĹŠ

Bei f_[i" bei Z[Zei Z[ [ijei Ĺ&#x2014;ĹŠĹŠ o bW Ă&#x2019;Xh_dW Z[ bW iWd]h[$

ĹŠ ĹŠ ĹŠ Ä&#x2013;ĹŠ

Ĺ&#x2014;ĹŠ ĹŠCWdpWdWi" dWhWd`Wi" f_Â&#x2039;Wi" ]hWdWZ_bbWi" klWi$ PWdW^e#

h_Wi" fWjWjWi" XhÂ&#x152;Yeb_" Yeb[i o b[Y^k]Wi$ ;l_j[ jecWh b[Y^[ o fh[Ă&#x2019;[hW [b ik[he Z[ Â&#x192;ijW gk[ i[ ^WY[ Wb YehjWhbW$ Kd ZÂ&#x2021;W Wb c[i ^W]W Wokde Yed \hkjWi" Yedik# cW Whhep _dj[]hWb o l[hZkhWi h[if[Yj_lWc[dj[$ BW _d\ki_Â&#x152;d Z[ W]kW Z[ XebZe" ehÂ&#x192;]Wde" c[djW b[ WokZW$

ĹŠ Ä&#x2013;ĹŠ

Ĺ&#x2014;ĹŠĹŠ

;d [njh[ce Z[lejei o cÂ&#x2021;i# j_Yei" i[di_Xb[i o YecfWi_lei Yed bei Z[c|i$ Bb[]Wh|d Wb iW# Yh_Ă&#x2019;Y_e [njh[ce feh Wceh$

ĹŠ Ä&#x2013;ĹŠ

Ĺ&#x2014;ĹŠĹŠ

I[di_j_lei" _cfh[i_edWXb[i" i_[dj[d c|i gk[ hWpedWh" Xbe# gk[e [djh[ iki [ceY_ed[i o ik c[dj[$

ĹŠ

Ĺ&#x2014;ĹŠĹŠ

BWi fhe\[i_ed[i f[h\[YjWi ied bWi gk[ ]_hWd [d jehde W bWi WY# j_l_ZWZ[i cWhÂ&#x2021;j_cWi o bÂ&#x2021;gk_Zei$ EjhWi [d bWi gk[ i[ Z[ijWYWd ied [b [if[Yj|Ykbe" [b Whj[" bW b_j[hWjkhW" bW h[b_]_Â&#x152;d o bW Ă&#x2019;beie# \Â&#x2021;W$ Ied Xk[dei i_YÂ&#x152;be]ei" h[bW# Y_ed_ijWi fÂ&#x2018;Xb_Yei o c|i$

ĹŠ Ä&#x2013;ĹŠ

Ĺ&#x2014;ĹŠĹŠ

F_iY_i [i YecfWj_Xb[ Yed kdW f[hiedW Ykoe i_]de iebWh i[W ;iYehf_Â&#x152;d" 9|dY[h" L_h]e o JWkhe1 e Ykoe i_]de WiY[d# Z[dj[ i[W 9|dY[h" F_iY_i" 9W# fh_Yehd_e$

Ä&#x2013;ĹŠ

Ĺ&#x2014;ĹŠĹŠ

Bei ^ecXh[i ied [b fhejej_# fe Z[ bW [if_h_jkWb_ZWZ$ HWhW l[p i[ [djh[]Wh|d W kdW fei[# i_Â&#x152;d [nY[i_lW" f[he XkiYWh|d W kdW ck`[h gk[ iWj_i\W]W iki d[Y[i_ZWZ[i [if_h_jkWb[i$ BW f_iY_WdW [i _dYb_dWZW jWcX_Â&#x192;d Wb fbWY[h Z[b [ifÂ&#x2021;h_jk$ :[j[ijW# h| bei _dj[h[i[i cWj[h_Wb[i$

ĸ"#+ĹŠÄ&#x2030;Ä&#x2021;ĹŠ"#ĹŠ$# 1#1.ĹŠ +ĹŠÄ&#x2030;Ä&#x2021;ĹŠ"#ĹŠ, 19.Äš

.2ĹŠ- 3(5.2ĹŠ"#ĹŠ (2!(2ĹŠ%.9 1;-ĹŠ"#ĹŠ31 -04(+(" "ĹŠ "41 -3#ĹŠÄ&#x2030;Ä&#x2021;Ä&#x2C6;Ä&#x2030;Ä&#x201C;ĹŠ -ĹŠ  .ĹŠ, 1! ".ĹŠ/.1ĹŠ+ ĹŠ! +, ĹŠ 8ĹŠ#+ĹŠ#04(+( 1(.ĹŠ#-ĹŠ+ 2ĹŠ1#+ !(.-#2Ä&#x201D;ĹŠ#+ĹŠ31 ).ĹŠ8ĹŠ + ĹŠ2 +4"Ä&#x201C;ĹŠ 1.8#!3.2ĹŠ.ĹŠ("# 2ĹŠ"#ĹŠ31 ).ĹŠ04#ĹŠ !.,#-9¢Ŋ#-ĹŠÄ&#x2030;Ä&#x2021;Ä&#x2C6;Ä&#x2C6;ĹŠ/4#"#-ĹŠ!.-2.+(" 12#ĹŠ#-ĹŠ #23.2ĹŠÄ&#x2C6;Ä&#x2030;ĹŠ,#2#2Ä&#x201C;

-#1.

?d_Y_W Wikc_[dZe h[ifediWX_b_# ZWZ[i [d ik jhWXW`e" bei h[jei o Z[iW\Â&#x2021;ei W be bWh]e Z[b WÂ&#x2039;e i[ fh[# i[djWh|d WbbÂ&#x2021;$ CWd[`[ bW i_jkWY_Â&#x152;d Yed fWY_[dY_W o i[diWj[p$ :[X[ Wfh[dZ[h [d ik jhWXW`e W jhWlÂ&#x192;i Z[ jeZW f[hiedW cWZkhW e Wd# Y_WdW gk[ i[ YedjWYj[ Yed kij[Z oW gk[ [i d[Y[iWh_e fWhW ik [le# bkY_Â&#x152;d f[hiedWb o [if_h_jkWb$ H[Yk[hZ[ gk[ bW \k[hpW 9Â&#x152;i# c_YW Z[b Kd_l[hie" i_[cfh[ jhW# XW`W fWhW deiejhei$ # 1#1.

:khWdj[ [ij[ c[i i[ jehdW i[d# i_Xb[ o c[Z_jWXkdZe$ ;djhW [d kdW [jWfW Z[ jÂ&#x192;hc_dei o Y_[hhW kd Y_Ybe c|i Z[ Wfh[dZ_pW`[ o Z[ l_ZW$ ;d [ijW [jWfW Z[ Z[ifh[dZ_# c_[djei [i _cfehjWdj[ gk[ [Y^[ jeZe Wgk[bbe gk[ oW de d[Y[i_jW Yece h[bWY_ed[i i_d \kjkhe" jhW# XW`ei i_d c[jWi" i[dj_c_[djei d[]Wj_lei$$$ ;b Zec_d_e Z[ kde c_ice [i [b ]hWd i[Yh[je Z[ bei iWX_ei$ 19.

Ik f[hiedWb_ZWZ i[ ceijhWh| Yh[Wj_lW o eh_]_dWb" Xk[dWi _Z[Wi bb[]Wh|d W ik c[dj[" WiÂ&#x2021;" i_ bWi fhWYj_YW b[ X[d[Ă&#x2019;Y_Wh| [d ik \k# jkhe$ JeZe YedeY_c_[dje" [di[# Â&#x2039;WdpW o Wfh[dZ_pW`[ gk[ j[d]W W^ehW b[ WokZWh| W ikij[djWh ik i[h cWÂ&#x2039;WdW$ CWdj[d]W fWY_[d# Y_W o i[h[d_ZWZ Yed bei ikoei [d ik ^e]Wh$ H[bW`[ [b Yk[hfe o cWdj[d]W bW c[dj[ b_cf_W o i[h[dW$ 1(+ĹŠ

:khWdj[ [ij[ c[i i[ [i\ehpWh| feh eXj[d[h c|i h[Ykhiei [Ye# dÂ&#x152;c_Yei" bei ]Wijei _cfh[l_ijei [ _dd[Y[iWh_ei Z[X[ [l_jWhbei fWhW ik jhWdgk_b_ZWZ$ BWi h[bWY_ed[i W\[Yj_lWi o YW# h_Â&#x2039;eiWi Yed iki ^_`ei b[ YecfbW# Y[d" WiÂ&#x2021; Yece [nj[h_eh_pWh c|i iki ]kijei$ :_l_Â&#x192;hjWi[ iWdWc[d# j[" WYkZ_h W Ă&#x2019;[ijWi" fWi[ei" iWb_# ZWi" YedY_[hjei$ 7j_Â&#x192;dZWi[ kd fegk_je c|i$ BW

Wb_c[djWY_Â&#x152;d dWjkhWb [i Xk[dW$ 8.

;d [ij[ c[i b[ _dkdZWh| bW Ykh_e# i_ZWZ feh dk[lei YedeY_c_[djei" d[]eY_ei" Yec[hY_ei" [ijkZ_ei$ Bei l_W`[i Yehjei b[ X[d[Ă&#x2019;Y_Wd fWhW ik jhWXW`e" WiÂ&#x2021; Yece jeZei bei YedjWYjei gk[ h[Wb_Y[ [d [i# jei$ Iki ^[hcWdei o fWh_[dj[i" [d ][d[hWb" i[ ceijhWh|d ieb_# ZWh_ei o b[ WfeoWh|d [d YWie be h[gk_[hW$ BW \[b_Y_ZWZ Z[f[dZ[ Z[b Yed# j[d_Ze Z[ ik YehWpÂ&#x152;d$

4-(.

Ik bk]Wh Z[ jhWXW`e i[ ck[ijhW ZkhWdj[ [ij[ c[i Yed Z[iW\Â&#x2021;ei o h[jei$ CWdj[d]W bW YWbcW" i[W jeb[hWdj[ o fWY_[dj[" [l_j[ _dY_# Z[dj[i [ _cfkbi_l_ZWZ[i$ ;b |h[W Z[ bW iWbkZ [i ejhW gk[ c[h[Y[ ik Wj[dY_Â&#x152;d$ H[W# bÂ&#x2021;Y[i[ Y^[gk[ei cÂ&#x192;Z_Yei ik YehWpÂ&#x152;d" YebkcdW l[hj[XhWb" i_ij[cW d[hl_eiei Y[djhWb ied fkdjei ZÂ&#x192;X_b[i $ I_[djW gk[ bW l_ZW d[Y[i_jW YWcX_ei fhe\kdZei o ikj_b[i$

4+(.

:[X[ cWd[`Whi[ Yed i_dY[h_ZWZ WXiebkjW$ I[ b[ WYedi[`W [ij[ c[i ceijhWh YbWh_ZWZ [d iki _Z[Wi o [nfh[i_ed[i$ Ik bk]Wh Z[ jhWXW`e [i [b \eYe Z[ WjhWYY_Â&#x152;d ikoW$ I_ Z[ kij[Z Z[f[dZ[ [b[]_h W iki YebW# XehWZeh[i [d [b jhWXW`e" ^|]Wbe iWX_Wc[dj[" f[hc_jW iebe f[hie# dWi Z[ l_ZW jhWdifWh[dj[ o WYj_# jkZ[i Yehh[YjWi$ EXi[hl[ be gk[ WYedj[Y[ Wbh[# Z[Zeh Z[ ik l_ZW$ %.23.

Ik h[bWY_Â&#x152;d Z[ fWh[`W o ieY_[ZW# Z[i Yec[hY_Wb[i i[ lk[bl[d _c# fehjWdj[i W^ehW$ ;l_j[ fb[_jei o cWbei[dj[dZ_Zei" Z_Wbe]k[ o d[]eY_[$ I_ lW Z[ fWi[e" ^|]Wbe Yed Yk_ZWZe o fhkZ[dY_W$ >Wo j[dZ[dY_W W YWÂ&#x2021;ZWi o \hWYjkhWi [d bei f_[i$ 9k_Z[ ik _dj[ij_de" fWhW [ije Wb_cÂ&#x192;dj[i[ c[`eh$ I[W fei_j_le fWhW bW ieY_[ZWZ$

+4"ĹŠ Ĺ&#x2014;ĹŠĹŠ 23#ĹŠ Â .ĹŠ"# #1;ĹŠ"#) 1ĹŠ24ĹŠ 3#104#" "ĹŠ"#ĹŠ+ ".Ä&#x201C;ĹŠ 2ĹŠ,.,#-3.ĹŠ

"#ĹŠ(1ĹŠ +ĹŠ,_"(!.ĹŠ8ĹŠ' !#13#ĹŠ1#5(2(.-#2ĹŠ %#-#1 +#2Ä&#x201C;ĹŠ (ĹŠ-.ĹŠ#-!4#-31 ĹŠ- " ĹŠ-.ĹŠ ' 1;ĹŠ/#1"(".ĹŠ,;2ĹŠ04#ĹŠ4- 2ĹŠ'.1 2Ä&#x201D;ĹŠ 8ĹŠ2(ĹŠ+.ĹŠ' !#ĹŠ/."1;ĹŠ3#-#1ĹŠ+ ĹŠ31 -04(+(Äą " "ĹŠ"#ĹŠ/."#1ĹŠ2.+4!(.- 1ĹŠ!4 +04(#1ĹŠ (,/1#5(23.ĹŠ -3#2ĹŠ"#ĹŠ04#ĹŠ2# ĹŠ!1~3(!.Ä&#x201C;ĹŠ #-31.ĹŠ"#ĹŠ+.2ĹŠ/1. +#, 2ĹŠ04#ĹŠ/4#"#ĹŠ 3#-#1ĹŠ2#ĹŠ#-!4#-31 ĹŠ#+ĹŠ2(23#, ĹŠ!(1!4Äą + 3.1(.Ä&#x201D;ĹŠ#-ĹŠ#+ĹŠ04#ĹŠ+ ĹŠ3#-"#-!( ĹŠ04#ĹŠ 3(#-#ĹŠ ĹŠ+ ĹŠ/.! ĹŠ !3(5(" "ĹŠ"#/.13(5 ĹŠ +#ĹŠ#23;ĹŠ++#5 -".ĹŠ ĹŠ24 (1ĹŠ"#ĹŠ/#2.ĹŠ8ĹŠ ĹŠ !4,4+ 1ĹŠ%1 2 Ä&#x201C;ĹŠ # #1~ ĹŠ#,/#9 1ĹŠ ĹŠ ' !#1ĹŠ4-ĹŠ/.!.ĹŠ"#ĹŠ! 1"(.ĹŠ8ĹŠ ĹŠ31 ) 1ĹŠ !.-ĹŠ4-ĹŠ-431(!(.-(23 ĹŠ.ĹŠ/."1~ ĹŠ++#% 1ĹŠ ĹŠ3#-#1ĹŠ -., +~ 2ĹŠ!.-ĹŠ#+ĹŠ!.1 9¢-ĹŠ8ĹŠ !.-ĹŠ#+ĹŠ2(23#, ĹŠ"(%#23(5.Ä&#x201C; , (_-ĹŠ2#ĹŠ/."1~ -ĹŠ" 1ĹŠ(-!.-5#-(Äą #-3#2ĹŠ!.-ĹŠ+ ĹŠ5(2(¢-Ä&#x201D;ĹŠ2#ĹŠ/1#2#-3 1;-ĹŠ !.-ĹŠ".+.1#2ĹŠ"#ĹŠ! #9 ĹŠ+#5#2Ä&#x201D;ĹŠ/#1.ĹŠ !.-23 -3#2Ä&#x201D;ĹŠ 2~ĹŠ04#ĹŠ2#1;ĹŠ,#).1ĹŠ04#ĹŠ 5# ĹŠ ĹŠ4-ĹŠ.!4+(23 ĹŠ -3#2ĹŠ"#ĹŠ04#ĹŠ2#ĹŠ %1 5#ĹŠ+ ĹŠ2(34 !(¢-Ä&#x201C;

F_[di[ i_[cfh[ X_[d Z[ jeZei$ ĹŠ #/3(#, 1#

C[i cW]dÂ&#x2021;Ă&#x2019;Ye fWhW dk[lWi h[# bWY_ed[i Z[ fWh[`W" dk[lWi ieY_[# ZWZ[i Yec[hY_Wb[i" fWhW j[hc_# dWh b_j_]_ei o `k_Y_ei$ CWdj[d]W ik YWh|Yj[h [gk_jWj_le o [Yk|d_# c[$ ;l_j[ bei bk]Wh[i eiYkhei [ _h W i_j_ei Z[ ZkZeiW h[fkjWY_Â&#x152;d" be fk[Z[d WiWbjWh$ ;iYkY^[ bei Yedi[`ei$ ;i Z[ iWX_ei l_l_h Z[ [nf[h_[dY_Wi fe# i_j_lWi W`[dWi$ !34 1#

CkY^ei YWcX_ei i[ fh[i[djWd W^ehW [d ik l_ZW" WfhÂ&#x192;ij[i[ W [bbei Yed jhWdgk_b_ZWZ o WY[fjW# Y_Â&#x152;d$ JeZe YWcX_e [i Xk[de$ Ik i[di_X_b_ZWZ i[ WY[djÂ&#x2018;W o [ijWh| f[hY[fj_le Z[ bWi [d[h]Â&#x2021;Wi gk[ b[ heZ[Wd$ ;l_j[ bk]Wh[i Z[diei o f[iWZei [d[h]Â&#x192;j_YWc[dj[ oW gk[ fk[Z[d f[h`kZ_YWh W ik iW# bkZ c[djWb o \Â&#x2021;i_YW$ ?dj[h_ehÂ&#x2021;Y[i[" iebe WiÂ&#x2021; [dYedjhWh| bW fWp gk[ jWdje WdiÂ&#x2021;W$

(-#1.ĹŠ31 ).ĹŠ ĹŠ (2!(2ĹŠ"# #ĹŠ3#-#1ĹŠ!4(" ".ĹŠ!.-ĹŠ Ĺ&#x2014;#+ĹŠ"(-#1.ĹŠ#23#ĹŠÄ&#x2030;Ä&#x2021;Ä&#x2C6;Ä&#x2030;Ä&#x201C;ĹŠ #-"#1;ĹŠ ĹŠ

% 23 1ĹŠ"#,;2ĹŠ8ĹŠ/."1~ ĹŠ++#5 12#ĹŠ4- ĹŠ 2.1/1#2 ĹŠ"#2 %1 " +#ĹŠ ĹŠÄ&#x192;-ĹŠ"#ĹŠ  .ĹŠ 2(ĹŠ-.ĹŠ+.ĹŠ!4(" Ä&#x201C;ĹŠ -3#-3#ĹŠ '.11 1ĹŠ,#2ĹŠ ĹŠ,#2Ä&#x201D;ĹŠ 4-04#ĹŠ2# ĹŠ4-ĹŠ/.!.Ä&#x201D;ĹŠ"#ĹŠ#2 ĹŠ , -#1 ĹŠ2(#,/1#ĹŠ3#-"1;ĹŠ4- ĹŠ1#2#15 ĹŠ /.1ĹŠ2(ĹŠ ! 2.ĹŠ/ 2 ĹŠ +%.Ä&#x201C;ĹŠ -ĹŠ#+ĹŠ31 ).Ä&#x201D;ĹŠ242ĹŠ"#2#.2ĹŠ"#ĹŠ24/#Äą 1 !(¢-ĹŠ2#1;-ĹŠ,;2ĹŠ$4#13#2ĹŠ04#ĹŠ-4-! ĹŠ 8ĹŠ#23 1;ĹŠ"(2/4#23.ĹŠ ĹŠ#2!4!' 1ĹŠ ĹŠ+.2ĹŠ "#,;2ĹŠ8ĹŠ ĹŠ!.11#%(1ĹŠ242ĹŠ#11.1#2Ä&#x201D;ĹŠ+.ĹŠ !4 +ĹŠ+#ĹŠ/#1,(3(1;ĹŠ#2! + 1ĹŠ/.2(!(.-#2ĹŠ 1;/(" ,#-3#Ä&#x201C;ĹŠ 2.ĹŠ2~Ä&#x201D;ĹŠ"# #ĹŠ3#-#1ĹŠ !4(" ".ĹŠ!.-ĹŠ242ĹŠ!.,/  #1.2ĹŠ"#ĹŠ 31 ).ĹŠ/.104#ĹŠ/."1~ ĹŠ1."# 1+#ĹŠ+ ĹŠ #-5("( Ä&#x201C; (ĹŠ#23;ĹŠ 42! -".ĹŠ31 ).Ä&#x201D;ĹŠÄ&#x2030;Ä&#x2021;Ä&#x2C6;Ä&#x2030;ĹŠ 2#1;ĹŠ4-ĹŠ  .ĹŠ,;2ĹŠ/.2(3(5.ĹŠ04#ĹŠÄ&#x2030;Ä&#x2021;Ä&#x2C6;Ä&#x2C6;Ä&#x201D;ĹŠ 4-04#ĹŠ3#-"1;ĹŠ04#ĹŠ42 1ĹŠ3." ĹŠ24ĹŠ #231 3#%( ĹŠ/ 1 ĹŠ-.ĹŠ"#2 -(, 12#Ä&#x201C;ĹŠ

.5(#, 1#

;nY[b[dj[ c[i i_ [ij| [d XÂ&#x2018;igk[# ZW Z[ be]hei [if_h_jkWb[i$ Ik i[d# i_X_b_ZWZ [ij| Wb c|n_ce o fk[Z[ eXj[d[h [nf[h_[dY_Wi fiÂ&#x2021;gk_YWi [njhWehZ_dWh_Wi$ >Wo cko Xk[# dWi fei_X_b_ZWZ[i Z[ l_W`[i Wb [njhWd`[he e Z[ feZ[h YedYh[# jWh kdW YWhh[hW fhe\[i_edWb$ Ik c[dj[ i[ jehdW \hkYj_Ă&#x2019;YW$ IWgk[ jeZe fhel[Y^e fei_j_le W bW l_ZW$ (!(#, 1#

8k[d c[i fWhW _cfkbiWh ik fhe\[i_Â&#x152;d o bWi ][ij_ed[i f[d# Z_[dj[i Yed iki `[\[i" fWZh[i o Wkjeh_ZWZ[i$ 9kWbgk_[h fhe# o[Yje gk[ kij[Z gk_[hW ZWh W ik [cfh[iW ^|]Wbe W^ehW gk[ [i [b c[`eh cec[dje fWhW i[h [iYk# Y^WZe o WY[fjWZe i_ be gk[ ki# j[Z fhefed[ [i bÂ&#x152;]_Ye o `kije$ ĹŠ ĹŠ ÂĄ ĹŠĹŠ ÂĄ Ä&#x2013;ĹŠĹŠĹŠÄ&#x2030;Ä&#x2030;Ä&#x152;Ä?ÄąÄ&#x2030;Ä&#x2021;Ä?ĹŠ Ä&#x2013;ĹŠÄ&#x2021;Ä&#x2019;Ä&#x17D;Ä?Ä&#x160;Ä&#x2021;Ä&#x160;Ä&#x2021;Ä&#x2021; Ä&#x201C; Ä&#x201C; Äž Ä&#x201C;


.-24+3#ĹŠ!.-ĹŠ#+ĹŠ#2/#!( +(23

Ä Ä&#x192;Ĺ? Ĺ? Ĺ? Ĺ?Ä&#x201A;Ä&#x20AC;Ä Ä&#x201A;Ĺ?

Ĺ? +. Ä&#x152;Ĺ?

Ä&#x2013;ĹŠ Ä 7(23#ĹŠ +%4- ĹŠ $.1, ĹŠ#$#!3(5 ĹŠ"#ĹŠ#+(,(- 1ĹŠ+ 2ĹŠ #231~ 2ĹŠ.ĹŠ/.1ĹŠ+.ĹŠ,#-.2ĹŠ"#ĹŠ"(2(Äą ,4+ 1+ 2Ä&#x;Ŋĸ ( - ĹŠ +".- ".Äš #2/4#23 Ä&#x2013;ĹŠĹŠFWhW gk_jWhbWi

<JD<I8C;8J

Feh [ie" i[ h[Yec_[dZW W bW ][dj[ gk[ c[`eh kj_b_Y[ f_dpWi e [ifkcWi [if[Y_Wb[i fWhW Z[f_bWY_Â&#x152;d$

HL<;8 8ELC8;F Gfi G<I;@;8 [\c :_\hl\ Ef )/( Xc *+' [\ cX :kX% :k\% Ef% *+-0**,)'+ g\i$ k\e\Z`\ek\ X 8C:@M8I JFC# =89I@:@F$<;L8I;F [\c 9XeZf G`Z_`eZ_X% Hl`\e k\e^X [\i\Z_f [\Y\i} i\ZcX$ dXi [\ekif [\ cfj -' [Â&#x2C6;Xj gfjk\i`fi\j X cX Â&#x2019;ck`dX gl$ Yc`ZXZ`Â?e% 8:& ( d^ @D989LI8 HL<;8 8ELC8;F Gfi G<I;@;8 [\c :_\$ hl\ Ef )+. [\ cX :kX% :k\% Ef% *+/,/*,('+ g\i$ k\e\Z`\ek\ X J8C8Q8I M8I<C8#E8K?8CP$=<IE8E$ ;8 [\c 9XeZf G`Z_`eZ_X% Hl`\e k\e^X [\i\Z_f [\Y\i} i\ZcXdXi [\ekif [\ cfj -' [Â&#x2C6;Xj gfjk\i`fi\j X cX Â&#x2019;ck`dX glYc`ZXZ`Â?e% 8:& ) d^ 444444 HL<;8 8ELC8;F Gfi IF9F [\c :_\hl\ Ef (*( Xc (-' [\ cX :kX% :k\% Ef% *+/(+-0*'+ g\i$ k\e\Z`\ek\ X :?8DFIIF M<C8J:F#N@C@EKFE> [\c 9XeZf G`Z_`eZ_X% Hl`\e k\e^X [\i\Z_f [\Y\i} i\ZcX$ dXi [\ekif [\ cfj -' [Â&#x2C6;Xj gfjk\i`fi\j X cX Â&#x2019;ck`dX gl$ Yc`ZXZ`Â?e% 8:& * d^

Ä&#x2013;ĹŠ .8ĹŠ4- ĹŠ,4)#1ĹŠ "#ĹŠ Ä&#x160;Ä&#x2030;ĹŠ  .2ĹŠ 8ĹŠ -.ĹŠ 2_ĹŠ 2(ĹŠ #2ĹŠ /.1ĹŠ,(ĹŠ#" "Ä&#x201D;ĹŠ/.1ĹŠ+ ĹŠ#7/.Äą 2(!(¢-ĹŠ +ĹŠ2.+ĹŠ.ĹŠ/.104#ĹŠ'#ĹŠ 3#-(".ĹŠ".2ĹŠ#, 1 9.2Ä&#x201D;ĹŠ /#1.ĹŠ' 8ĹŠ, -!' 2ĹŠ#-ĹŠ ,(ĹŠ! 1 Ä&#x201C;ĹŠÄ 4_ĹŠ/4#".ĹŠ ' !#1Ä&#x;Ŋĸ 1#-#ĹŠ ,.2Äš #2/4#23 Ä&#x2013;ĹŠĹŠ Be fh_c[he gk[

de ^Wo iebkY_Â&#x152;d" f[he fWhW fh[l[d_hbWi be c[`eh [i kj_b_pWh Yh[# cWi Yed [bWij_dWi$ ;d YWie Z[ gk[ oW ^WoWd WfWh[Y_Ze" ^Wo gk[ ^WY[h f[[b_d]i e c_YheZ[hceWXhWi_Â&#x152;d" gk[ ied Zei jÂ&#x192;Yd_YWi gk[ WokZWd W Wj[dkWhbWi$

^Wo gk[ ^WY[h [i YWcX_Wh [b jhW# jWc_[dje Wdj_YedY[fj_le feh kde gk[ de _dYbkoW Ä&#x2013;ĹŠ #ĹŠ ' -ĹŠ ĹŠ [b kie Z[ ^ehcedWi" feh !.,#-3 ".ĹŠ 04#ĹŠ "#/(Äą [`[cfbe bW J Z[ YeXh[$ + 12#ĹŠ+ 2ĹŠ!#) 2ĹŠ!.-ĹŠ!#1 ĹŠ 7Z[c|i" i[ Z[X[ Wfb_YWh /4#"#ĹŠ .! 2(.- 1ĹŠ 04#ĹŠ .-3 !3.2Ä&#x2013; (1#8 ĹŠ .(- Ä&#x201D;ĹŠ #+ĹŠ/;1/ ".ĹŠ2#ĹŠ! (% ĹŠ4-ĹŠ ,;23#1ĹŠ#-ĹŠ,#"(Äą fhej[Yjeh iebWh jeZei bei !(- ĹŠ#23_3(! Ä&#x201C; ZÂ&#x2021;Wi" h[jeY|dZebe YWZW /.!.Ä&#x201C;ĹŠ Ä 2ĹŠ !(#13.ĹŠ #23.Ä&#x;ĹŠ Ä&#x2030;Ä&#x160;Ä?Ä&#x17D;Ä&#x160;Ä&#x2030;Ä&#x17D; Ä&#x2021;Ä&#x2019;Ä&#x2018;Ä&#x2C6;Ä&#x2030;Ä&#x17D;Ä&#x2C6;Ä&#x160;Ä&#x2030; jh[i ^ehWi" o kiWh Yh[# ĸ #1#2 ĹŠ ,~1#9ĚŊ cWi Z[if_]c[djWdj[i #2/4#23 Ä&#x2013;ĹŠĹŠ ;d h[Wb_# ZkhWdj[ bW deY^[$ ZWZ Z[f[dZ[ ckY^e H[Yk[hZ[ gk[ Wdj[i Z[ kj_# Z[b j_fe Z[ Z[f_bWY_Â&#x152;d gk[ i[ h[Wb_Y[ o Z[ bW \k[hpW gk[ i[ b_pWh YkWbgk_[h fheZkYje Z[X[ kj_b_Y[" f[he [d bW cWoehÂ&#x2021;W Z[ YedikbjWh Yed [b cÂ&#x192;Z_Ye fk[i bei YWiei [ije [i Y_[hje Z[X_Ze [n_ij[d Wb]kdei gk[ feZhÂ&#x2021;Wd eYWi_edWhb[ [b [\[Yje YedjhWh_e$ Wb YWbeh Z[ bW Y[hW$

CFA8

HL<;8 8ELC8;F Gfi G<I;@;8 [\c :_\hl\ Ef ((. mXcfi )/'#'' [\ cX :kX% :k\% Ef% *,'*0(+)'+ g\ik\e\Z`\ek\ X A@D<E<Q M<@EK@D@CC8#<;N@E$>FE$ Q8CF [\c 9XeZf G`Z_`eZ_X% Hl`\e k\e^X [\i\Z_f [\Y\i} i\ZcXdXi [\ekif [\ cfj -' [Â&#x2C6;Xj gfjk\i`fi\j X cX Â&#x2019;ck`dX glYc`ZXZ`Â?e% 8:& + d^

D8E89@

HGJ NA9B= PLJ

9HQGR EDxHUDV XVDGDV RSHUDWLYDV GH HMHV P FDUJD WRQHODGDV 3ODWDIRUPD HMHV XVDGDV '( 2325781,'$'

J8EKF ;FD@E>F

HL<;8 8ELC8;F Gfi G<I;@;8 [\c :_\hl\ Ef )++0 [\ cX :kX% :k\% Ef% **.+0*'''+ g\ik\e\Z`\ek\

X >@I8C;F 9<K8E:FLIK# D8I@8$=<IE8E;8 [\c 9Xe$ Zf G`Z_`eZ_X% Hl`\e k\e^X [\i\Z_f [\Y\i} i\ZcXdXi [\ekif [\ cfj -' [Â&#x2C6;Xj gfj$ k\i`fi\j X cX Â&#x2019;ck`dX glYc`ZX$ Z`Â?e% 8:& () d^ 444444 HL<;8 8ELC8;F Gfi G<I;@;8 [\c :_\hl\ Ef -'+ [\ cX :kX% :k\% Ef% *+/.,((('+ g\ik\e\Z`\ek\ X A8P8 G@<;I8#<=I<E$?F$ EFI8KF [\c 9XeZf G`Z_`e$ Z_X% Hl`\e k\e^X [\i\Z_f [\Y\i} i\ZcXdXi [\ekif [\ cfj -' [Â&#x2C6;Xj gfjk\i`fi\j X cX Â&#x2019;ck`dX glYc`ZXZ`Â?e% 8:& (* d^ 444444 HL<;8 8ELC8;F Gfi G<I;@;8 [\c :_\hl\ Ef -() [\ cX :kX% :k\% Ef% *+/.,((('+ g\ik\e\Z`\ek\ X A8P8 G@<;I8#<=I<E$?F$ EFI8KF [\c 9XeZf G`Z_`e$ Z_X% Hl`\e k\e^X [\i\Z_f [\Y\i} i\ZcXdXi [\ekif [\ cfj -' [Â&#x2C6;Xj gfjk\i`fi\j X cX Â&#x2019;ck`dX glYc`ZXZ`Â?e% 8:& (+ d^ 444444 HL<;8 8ELC8;F Gfi G<I;@;8 [\c :_\hl\ Ef .(/ [\ cX :kX% :k\% Ef% *+/.,((('+ g\ik\e\Z`\ek\ X A8P8 G@<;I8#<=I<E$?F$ EFI8KF [\c 9XeZf G`Z_`e$ Z_X% Hl`\e k\e^X [\i\Z_f [\Y\i} i\ZcXdXi [\ekif [\ cfj -' [Â&#x2C6;Xj gfjk\i`fi\j X cX Â&#x2019;ck`dX glYc`ZXZ`Â?e% 8:& (, d^ 444444 HL<;8 8ELC8;F Gfi G<I;@;8 [\c :_\hl\ Ef -/) [\ cX :kX% :k\% Ef% *+/.,((('+ g\ik\e\Z`\ek\ X A8P8 G@<;I8#<=I<E$?F$ EFI8KF [\c 9XeZf G`Z_`e$ Z_X% Hl`\e k\e^X [\i\Z_f [\Y\i} i\ZcXdXi [\ekif [\ cfj -' [Â&#x2C6;Xj gfjk\i`fi\j X cX Â&#x2019;ck`dX glYc`ZXZ`Â?e% 8:& (- d^ 444444 HL<;8 8ELC8;F Gfi G<I;@;8 [\c :_\hl\ Ef -0( [\ cX :kX% :k\% Ef% *+/.,((('+ g\ik\e\Z`\ek\ X A8P8 G@<;I8#<=I<E$?F$ EFI8KF [\c 9XeZf G`Z_`e$ Z_X% Hl`\e k\e^X [\i\Z_f [\Y\i} i\ZcXdXi [\ekif [\ cfj -' [Â&#x2C6;Xj gfjk\i`fi\j X cX Â&#x2019;ck`dX glYc`ZXZ`Â?e% 8:& (. d^ 444444 HL<;8 8ELC8;F Gfi G<I;@;8 [\c :_\hl\ Ef ,*( [\ cX :kX% :k\% Ef% *+/.,((('+ g\ik\e\Z`\ek\ X A8P8 G@<;I8#<=I<E$?F$ EFI8KF [\c 9XeZf G`Z_`e$ Z_X% Hl`\e k\e^X [\i\Z_f

[\Y\i} i\ZcXdXi [\ekif [\ cfj -' [Â&#x2C6;Xj gfjk\i`fi\j X cX Â&#x2019;ck`dX glYc`ZXZ`Â?e% 8:& (/ d^ 444444 HL<;8 8ELC8;F Gfi G<I;@;8 [\c :_\hl\ Ef ((. [\ cX :kX% :k\% Ef% *,',0,*-'+ g\ik\e\Z`\ek\ X J8ILD<EF J8I@#@J89<C$ <LC8C@8 [\c 9XeZf G`Z_`e$ Z_X% Hl`\e k\e^X [\i\Z_f [\Y\i} i\ZcXdXi [\ekif [\ cfj -' [Â&#x2C6;Xj gfjk\i`fi\j X cX Â&#x2019;ck`dX glYc`ZXZ`Â?e% 8:& (0 d^ 444444 HL<;8 8ELC8;F Gfi G<I;@;8 [\c :_\hl\ Ef .(, [\ cX :kX% :k\% Ef% *+/.,((('+ g\ik\e\Z`\ek\ X A8P8 G@<;I8#<=I<E$?F$ EFI8KF [\c 9XeZf G`Z_`e$ Z_X% Hl`\e k\e^X [\i\Z_f [\Y\i} i\ZcXdXi [\ekif [\ cfj -' [Â&#x2C6;Xj gfjk\i`fi\j X cX Â&#x2019;ck`dX glYc`ZXZ`Â?e% 8:& )' d^ 444444 HL<;8 8ELC8;F Gfi G<I;@;8 [\c :_\hl\ Ef --0 [\ cX :kX% :k\% Ef% *+/.,((('+ g\ik\e\Z`\ek\ X A8P8 G@<;I8#<=I<E$?F$ EFI8KF [\c 9XeZf G`Z_`e$ Z_X% Hl`\e k\e^X [\i\Z_f [\Y\i} i\ZcXdXi [\ekif [\ cfj -' [Â&#x2C6;Xj gfjk\i`fi\j X cX Â&#x2019;ck`dX glYc`ZXZ`Â?e% 8:& )( d^ 444444 HL<;8 8ELC8;F Gfi G<I;@;8 [\c :_\hl\ Ef +/- [\ cX :kX% :k\% Ef% *+/.,((('+ g\ik\e\Z`\ek\ X A8P8 G@<;I8#<=I<E$?F$ EFI8KF [\c 9XeZf G`Z_`e$ Z_X% Hl`\e k\e^X [\i\Z_f [\Y\i} i\ZcXdXi [\ekif [\ cfj -' [Â&#x2C6;Xj gfjk\i`fi\j X cX Â&#x2019;ck`dX glYc`ZXZ`Â?e% 8:& )) d^ 444444 HL<;8 8ELC8;F Gfi G<I;@;8 [\c :_\hl\ Ef -0- [\ cX :kX% :k\% Ef% *+/.,((('+ g\ik\e\Z`\ek\ X A8P8 G@<;I8#<=I<E$?F$ EFI8KF [\c 9XeZf G`Z_`e$ Z_X% Hl`\e k\e^X [\i\Z_f [\Y\i} i\ZcXdXi [\ekif [\ cfj -' [Â&#x2C6;Xj gfjk\i`fi\j X cX Â&#x2019;ck`dX glYc`ZXZ`Â?e% 8:& )* d^ 444444 HL<;8 8ELC8;F Gfi G<I;@;8 [\c :_\hl\ Ef (.0 [\ cX :kX% :k\% Ef% *,',0,*-'+ g\ik\e\Z`\ek\ X J8ILD<EF J8I@#@J89<C$ G`Z_`e$ <LC8C@8 [\c 9XeZf Z_X% Hl`\e k\e^X [\i\Z_f [\Y\i} i\ZcXdXi [\ekif [\ cfj -' [Â&#x2C6;Xj gfjk\i`fi\j X cX Â&#x2019;ck`dX glYc`ZXZ`Â?e% 8:& )+ d^

444444 HL<;8 8ELC8;F Gfi G<I;@;8 [\c :_\hl\ Ef (/' Xc (/( [\ cX :kX% :k\% Ef% *,',0,*-'+ g\i$ k\e\Z`\ek\ X J8ILD<EF J8I@#@J89<C$<LC8C@8 [\c 9XeZf G`Z_`eZ_X% Hl`\e k\e^X [\i\Z_f [\Y\i} i\ZcX$ dXi [\ekif [\ cfj -' [Â&#x2C6;Xj gfjk\i`fi\j X cX Â&#x2019;ck`dX gl$ Yc`ZXZ`Â?e% 8:& ), d^ 444444 HL<;8 8ELC8;F Gfi G<I;@;8 [\c :_\hl\ Ef )-+0 mXcfi )*(#+* [\ cX :kX% :k\% Ef% **,/0(,0'+ g\ik\e\Z`\ek\ X M8C<E:@8 G8QD@EF#;@<>F$D8LI@:@F [\c 9XeZf G`Z_`eZ_X% Hl`\e k\e^X [\i\Z_f [\Y\i} i\ZcX$ dXi [\ekif [\ cfj -' [Â&#x2C6;Xj gfjk\i`fi\j X cX Â&#x2019;ck`dX gl$ Yc`ZXZ`Â?e% 8:& )- d^

KLE>LI8?L8

HL<;8 8ELC8;F Gfi G<I;@;8 [\c :_\$ hl\ Ef (,', Xc (,'- [\ cX :kX% :k\% Ef% *+.),0).'+ g\ik\e\Z`\ek\ X DFI<EF J88#ALIP$A8M@<I [\c 9XeZf G`Z_`eZ_X% Hl`\e k\e^X [\i\$ Z_f [\Y\i} i\ZcXdXi [\ekif [\ cfj -' [Â&#x2C6;Xj gfjk\i`fi\j X cX Â&#x2019;ck`dX glYc`ZXZ`Â?e% 8:& ). d^ 444444 HL<;8 8ELC8;F Gfi IF9F [\c :_\hl\ Ef *,- [\ cX :kX% :k\% Ef% **0(0,/('+ g\ik\$ e\Z`\ek\ X 98J8EK<J 98CJ<:8#K<I<J8$D8I@8$ E8 [\c 9XeZf G`Z_`eZ_X% Hl`\e k\e^X [\i\Z_f [\Y\i} i\ZcXdXi [\ekif [\ cfj -' [Â&#x2C6;Xj gfjk\i`fi\j X cX Â&#x2019;ck`dX glYc`ZXZ`Â?e% 8:& )/ d^ 444444 HL<;8 8ELC8;F Gfi G<I;@;8 [\c :_\hl\ Ef *+. [\ cX :kX% :k\% Ef% *+0)/,0''+ g\ik\e\Z`\ek\ X DFI<EF J88#ALIP$A8$ M@<I [\c 9XeZf G`Z_`eZ_X% Hl`\e k\e^X [\i\Z_f [\Y\i} i\ZcXdXi [\ekif [\ cfj -' [Â&#x2C6;Xj gfjk\i`fi\j X cX Â&#x2019;ck`dX glYc`ZXZ`Â?e% 8:& )0 d^ 444444 HL<;8 8ELC8;F Gfi G<I;@;8 [\c :_\$ hl\ Ef )**( Xc )+*' [\ cX :kX% :k\% Ef% *+,/+*,('+ g\ik\e\Z`\ek\ X KFIF CFG<Q#JFE@8$D8I@:<C8 [\c 9XeZf G`Z_`eZ_X% Hl`\e k\e^X [\i\Z_f [\Y\i} i\ZcX$ dXi [\ekif [\ cfj -' [Â&#x2C6;Xj gfjk\i`fi\j X cX Â&#x2019;ck`dX gl$ Yc`ZXZ`Â?e% 8:& *' d^

HGJ NA9B=

9HQGR EDxHUDV XVDGDV RSHUDWLYDV GH HMHV P FDUJD WRQHODGDV 3ODWDIRUPD HMHV XVDGDV '( 2325781,'$'

7HOIV

7HOIV

HL<;8 8ELC8;F Gfi IF9F [\c :_\hl\ Ef )*/$),,$),- [\ cX :kX% :k\% Ef% *+/.+'/''+ g\ik\e\$ Z`\ek\ X HL@A@A< G8II8C<J# AL8E$G8KI@:@F [\c 9XeZf G`Z_`eZ_X% Hl`\e k\e^X [\i\$ Z_f [\Y\i} i\ZcXdXi [\ekif [\ cfj -' [Â&#x2C6;Xj gfjk\i`fi\j X cX Â&#x2019;ck`dX glYc`ZXZ`Â?e% 8:& , d^ 444444 HL<;8 8ELC8;F Gfi IF9F [\c :_\hl\ Ef ,+'( Xc ,+*' [\ cX :kX% :k\% Ef% *(,-+,)''+ g\i$ k\e\Z`\ek\ X :8I;<E8J

CF F I# D 8 IP$ < C @ Q8 9 < K ? [\c 9XeZf G`Z_`eZ_X% Hl`\e k\e^X [\i\Z_f [\Y\i} i\ZcX$ dXi [\ekif [\ cfj -' [Â&#x2C6;Xj gfjk\i`fi\j X cX Â&#x2019;ck`dX gl$ Yc`ZXZ`Â?e% 8:& - d^ 444444 HL<;8 8ELC8;F Gfi IF9F [\c :_\hl\ Ef ,*-'$,*-,$,*.' [\ cX :kX% :k\% Ef% *(,-+,)''+ g\i$ k\e\Z`\ek\ X :8I;<E8J CF F I# D 8 IP$ < C @ Q8 9 < K ? [\c 9XeZf G`Z_`eZ_X% Hl`\e k\e^X [\i\Z_f [\Y\i} i\ZcX$ dXi [\ekif [\ cfj -' [Â&#x2C6;Xj gfjk\i`fi\j X cX Â&#x2019;ck`dX gl$ Yc`ZXZ`Â?e% 8:& . d^ 444444 HL<;8 8ELC8;F Gfi G<I;@;8 [\c :_\$ hl\ Ef **', [\ cX :kX% :k\% Ef% **+*'((.'+ g\i$ k\e\Z`\ek\ X M8C;@M@<QF JFCFIQ8EF#P@DDP$G89CF [\c 9XeZf G`Z_`eZ_X% Hl`\e k\e^X [\i\Z_f [\Y\i} i\ZcX$ dXi [\ekif [\ cfj -' [Â&#x2C6;Xj gfjk\i`fi\j X cX Â&#x2019;ck`dX gl$ Yc`ZXZ`Â?e% 8:& / d^ 444444 HL<;8 8ELC8;F Gfi G<I;@;8 [\c :_\hl\ Ef (*,* mXcfi (''#'' [\ cX :kX% :k\% Ef% *)-((.+''+ g\ik\e\Z`\ek\ X Q8D9I8EF DFI<AFE#>LJK8MF$8I$ KLIF [\c 9XeZf G`Z_`eZ_X% Hl`\e k\e^X [\i\Z_f [\Y\i} i\ZcXdXi [\ekif [\ cfj -' [Â&#x2C6;Xj gfjk\i`fi\j X cX Â&#x2019;ck`dX glYc`ZXZ`Â?e% 8:& 0 d^ 444444 HL<;8 8ELC8;F Gfi IF9F [\c :_\hl\ Ef *),( Xc *),) [\ cX :kX% :k\% Ef% *(0(+0,)'+ g\ik\e\Z`\ek\ X 9I8MF : < ; < E F# ; L 9 < I $ < ; ; @ < [\c 9XeZf G`Z_`eZ_X% Hl`\e k\e^X [\i\Z_f [\Y\i} i\ZcX$ dXi [\ekif [\ cfj -' [Â&#x2C6;Xj gfjk\i`fi\j X cX Â&#x2019;ck`dX gl$ Yc`ZXZ`Â?e% 8:& (' d^ 444444 HL<;8 8ELC8;F Gfi G<I;@;8 [\c :_\$ hl\ Ef .)) Xc .)* [\ cX :kX% :k\% Ef% *+0.)/..'+ g\ik\e\Z`\ek\ X @EKI@8>F GFE:<#><D8$C@JJ<K? [\c 9XeZf G`Z_`eZ_X% Hl`\e k\e^X [\i\Z_f [\Y\i} i\ZcX$ dXi [\ekif [\ cfj -' [Â&#x2C6;Xj gfjk\i`fi\j X cX Â&#x2019;ck`dX gl$ Yc`ZXZ`Â?e% 8:& (( d^

Ä Ä&#x192;

PLJ

;ij[ [i kd i[]c[dje Wb YkWb kij[Z fk[Z[ [dl_Whdei iki fh[]kd# jWi WY[hYW Z[ YkWbgk_[h [d\[hc[ZWZ" iÂ&#x2021;djecW e ceb[ij_W$ Iki _dj[hhe]Wdj[i i[h|d Yedj[ijWZWi feh fhe\[i_edWb[i Z[ bW iWbkZ o iWbZh|d fkXb_YWZWi bei c_Â&#x192;hYeb[i o l_[hd[i$ ;iYhÂ&#x2021;XWdei W0 iWbkZ6bW^ehW$Yec$[Y

ÂŁ(0%/(0$6 '( (;,726 /$%25$/(6

$=$)$7$6

ÂŁ(0%/(0$6 '( (;,726 /$%25$/(6

$=$)$7$6

&85626 '( $9,$&,Ă?1 &20(5&,$/ (1 72'2 (/ (&8$'25 $ 1,9(/ 1$&,21$/

&85626 '( $9,$&,Ă?1 &20(5&,$/ (1 72'2 (/ (&8$'25 $ 1,9(/ 1$&,21$/

´/2 (1,*0$7,&2 '( 92/$5 08< $/72¾

´/2 (1,*0$7,&2 '( 92/$5 08< $/72¾

18(9$ 7(0325$'$

18(9$ 7(0325$'$

35(3$5$1'2 352)(6,21$/(6 3$5$ 18(926 $(5238(5726

35(3$5$1'2 352)(6,21$/(6 3$5$ 18(926 $(5238(5726

$ = $ ) $ 7 $ 6 9,3 75$9(/

$ = $ ) $ 7 $ 6 9,3 75$9(/

$*(17(6 '( &2817(5 23(5$'25(6 '( 785,602 683(59,625(6 $(5232578$5,26 *$1$ ',1(52 35$&7,&$6 '( 5(6(59$6 $(5($6 $0$'(86 ² 6$%5(

'( '(6&8(172 $ 3 N P

$*

OXHJR UHQRYDUODV R UHHQFDXFKDUODV (175(9,67$6 < 6(/(&&,Ă?1 SDJDPRV HQ HIHFWLYR &RQWiFWDQRV ÂŁ 35202&,21 (63(&,$/ (1 (1(52 )(%5(52 < 0$5=2 HQ 4XLWR DO 0(',$ %(&$ $ (678',$17(6 R YtD PDLO D DUXHGD#DXWRSOD]DSXVXTXt FRP ,1'(5+ IPRQWDOYR#DXWRSOD]DSXVXTXt FRP

&21 ',3/20$'26 (1 35$&7,&$6 &21 9,6,7$6 $(5238(5726 *8$<$48,/ < 48,72 (175(9,67$6 < 6(/(&&,Ă?1 (1 (1(52 )(%5(52 < 0$5=2

'( '(6&8(172 ,1'(5+

35$&7,&$6 '( 5(6(59$6 $(5($6 $0$'(86 ² 6$%5( £ 35202&,21 (63(&,$/ 0(',$ %(&$ $ (678',$17(6

$*

325 786 //$17$6

&21 ',3/20$'26 (1 35$&7,&$6 &21 86$'$6 7,32 ´$¾ 9,6,7$6 $(5238(5726 *8$<$48,/ < 48,72 &RPSUDPRV WXV OODQWDV XVDGDV SDUD

$*(17(6 '( &2817(5 23(5$'25(6 '( 785,602 683(59,625(6 $(5232578$5,26


Ä Ä&#x2026;

ÂĄ

Ä&#x160;Ĺ&#x2039; 3(/Ă&#x152;&8/$ /$ +$%,7$&,Ă?1 '(/ 3Ă&#x2030;1,&2

(;75$(5

6Ă&#x152;0%2/2 '(

&$17$17( Š(/ 5(< '(/ 52&. $1' 52//ª

7,(032 21'$

$/80,1,2

(1)5(17$5 $75(9(56(

3$72

ĹŠĹŠ

6Ă&#x152;0%2/2 '( $67$72

&+2552 (1

,1*/e6 $*8-(5($5 3(5)25$5

ĸ#-#1.ĹŠÄ&#x2030;Ä&#x2021;ŊĹŊ$# 1#1.ĹŠÄ&#x2C6;Ä&#x2019;Äš

ĹŠ, -#1 ĹŠ"#ĹŠ"#,.231 1ĹŠ24ĹŠ ,.1ĹŠ8ĹŠ $#!3.ĹŠ #2ĹŠ+ ĹŠ2(-!#1 ĹŠ/1#.!4/ !(¢-ĹŠ8ĹŠ#+ĹŠ /.8.ĹŠ04#ĹŠ "Ä&#x201C;ĹŠ" Ä&#x201C;ĹŠ -3_-% 2#ĹŠ1#+ ) ".ĹŠ8ĹŠ31 3#ĹŠ"#ĹŠ 04#ĹŠ- " ĹŠ+.ĹŠ $#!3#Ä&#x201C;ĹŠ Ä&#x2013;ĹŠ # ĹŠ#+ĹŠ 13~Ä&#x192;!#ĹŠ"#ĹŠ24ĹŠ$#+(!(" "Ä&#x201C;

'21$5 3$6$5 ),/75$5 &,8'$' '( &2/20%,$ )81(672

%8/72 $326(172 &Ă&#x2030;0$5$

)$7Ă&#x152;',&2

$6752 5(<

6Ă&#x152;0%2/2 '(

ĹŠĹŠ

5$',2

0$12-2 '(

$55(26

+ĹŠ +4 ĹŠ"#ĹŠ+ ĹŠ , Â -

0$172

$3Ă?&23( '( 0$0Ă&#x2030; ,5 (/ &$%$//2 $/ 7527(

5(/$7,92 $/ 62/ 9(*(7$&,Ă?1 (1 (/ '(6,(572

%('8,12

$&(&+2 9,*,/$1&,$ $7$6&$5

$0$55$5

)5$1-$

'21'( (17,( 55$1 +8(626

ĹŠ>WY[ Y_dYe WÂ&#x2039;ei bei ^e]Wh[i Ĺ&#x2014;ĹŠ [YkWjeh_Wdei WXh_[hed iki

$)Ă?1,&2

(;,67(1&,$

,167580(172

7,(032

086,&$/

812 (1 ,1*/e6

621,'2

$ 7

$ )(0(1,12

'21$5

$ 52('25

1$9( /($/ 6,1&(5$

0$18$/

Ă&#x2030;16$5

$)Ă&#x2030;1 $16Ă&#x152;$

5$7$ (1

(63(&,( '( %Ă&#x201D;)$/2 3,*0(2

6215Ă&#x152;(

,1*/e6

(

7

$

$50$ $552-$',=$ $57Ă&#x152;&8/2 1(8752

2

/

&

$

&(7Ă&#x2030;&(2 0$5, 12 *,*$17( '8(f2

2

0

$

% 5

&$552 (1 7$%(51$

$

$

'

,1*/e6

'(675(=$

5 $0$55$5 7$&$f2

'

2

$&&,Ă?1 '(

2

&

$

&

$

1

2

/

3529,1&,$ '( (63$f$ *,7$12 '( 5$=$

2

2

6Ă&#x152;0%2/2 '(

2

0

$

5

/,(%5( '( /$ 3$7$*21,$ $/7(51$5 7(1(5 5(/$&,Ă?1

(

7

01(6$-(

2

$

0

62%5$17( '(0$6,$'2

72172 (1 .,&+:$

*5,72 7$85,12

$

$ 6

6(f25$

7 0(','$ '(

$

1

5

$

$ /$%5$5 7,(032

&(/(%5,'$'(6

/21*,78' &$17Ă?1 '( /2-$

$ 5

$ G8LC DFI8E; (/// $ (0.<J:I@KFI =I8E:yJ%# 8LKFI & ;< C@9IFJ ;< M@8A<J P $ EFM<C8J :FJDFGFC@K8J% 0

(1&$5*2

02/,%'(12

2 5

6

$

/

$

5(/,*,26$

$

(67$'2 '( (8523$

0

0

0$,= 3$5$ /$

2

21'$

&219,&72 &+,&+$

-

$

5

2

5

$

5

'

$

$5$5

1

(

$

-

&

$

812 (1 ,1*/e6 352120%5(

/

(

$

$3Ă?&23( '(

6

$

1

0(','$ '( /21*,78' 6$172

6

$

/

7

$

5

(

2

$&&,Ă?1 '(

5

$

2 0

3$-21$/ &21),$5 *$5$17,=$5

$

5(3(5&86,Ă?1

$1Ă?1,0$ /2$5

$ +2*$5

+8(62 '( /$ &$'(5$

1 ,

,

)

2

&

(

&

$

/

$

5

$

5

$)e5(6,6 '(

$

&

/

6

,

$

5

$

5

&$/&,2

3,//2

3

7

1

6Ă&#x152;0%2/2 '(

0$5683,$/ $8675$/,$12

)5$*$1&,$

7

7(50,1$&,Ă?1 9(5%$/

35,1&(6$ ,1&$

,7$/,$12

7

3$57( '(/

*5$02

5 &2',&,$5

1

2

,

1

2

7

6

+8(92 6Ă&#x152;0%2/2 '( 1,75Ă?*(12

/,67$ 3(56(*8,5

1

5(*/$ 1250$ 6Ă&#x152;0%2/2 '( )/Ă&#x201D;25

5Ă&#x152;2 '( &2/20%,$ ',63(562

Ä&#x160;Ĺ&#x2039;

4 -Ŋ (#%.Ŋ +¢1#9

bei ckjWdj[i$ NWl_[h" Ijehc o Mebl[h_d[ Z[X[h|d kd_hi[ W CW]d[je fWhW bkY^Wh [d YedjhW Z[ Ijhoa[h" kd Wdj_]ke [d[c_]e Z[ Be]Wd" h[ifed# iWXb[ Z[ [ij[ cWbÂ&#x192;Ă&#x2019;Ye fbWd ZedZ[ kj_b_pW W ik ^_`e @Wied Ă&#x201E;kd ckjWdj[ gk[ fk[Z[ Z[\ehcWh bW f[hY[fY_Â&#x152;d Z[ bW h[Wb_ZWZĂ&#x201E; fWhW Yedi[]k_h iki eiYkhWi _dj[dY_ed[i$

ĸÄ&#x2C6;Ä&#x2019;Ä?Ä&#x160;ĚŊ

ĹŠJ[deh b_][he f[hkWde" Zk[Â&#x2039;e Ĺ&#x2014;ĹŠ Z[ kdW lep Z[ [nY[fY_edWb X[bb[pW" dWY[ kd ZÂ&#x2021;W Yece ^eo [d B_cW$ :[XkjÂ&#x152; feh bW fk[hjW ]hWdZ[ Z[b YWdje bÂ&#x2021;h_Ye W bei () WÂ&#x2039;ei [d [b Heii_d_ <[ij_lWb Z[ FÂ&#x192;iWhe [d '//," Wb gk[ i_]k_[# hed Z[ _dc[Z_Wje [n_jeiWi WYjkWY_ed[i [d BW IYWbW Z[ C_b|d" [b HeoWb Ef[hW >eki[" [b C[jhefeb_jWc o bW âf[hW Z[ L_[dW$ Ik hWi]e jÂ&#x192;Yd_Ye c|i Z_ij_dj_le [i [b Zec_d_e Z[ bW YebehWjkhW o \k[ YWb_Ă&#x2019;YWZe feh Fb|Y_Ze :ec_d]e Yece Ă&#x2020;[b c|i ]hWdZ[ j[deh b_][he Z[ jeZei bei j_[cfeiĂ&#x2021;$

: ĹŠ }

+31 3.ĹŠ(-$ -3(+ĹŠ,."(Ä&#x192;! ĹŠ ĹŠ+.2ĹŠ%#-#2 lÂ&#x152; kd fehY[djW`[ i_]d_Ă&#x2019;YWj_lW# c[dj[ ikf[h_eh Z[ ceZ_Ă&#x2019;YWY_Â&#x152;d [f_][dÂ&#x192;j_YW ieXh[ [b 7:D [d bei ik`[jei gk[ ^Wd ik\h_Ze [d ik _d# \WdY_W cWbjhWjei Yece WXkie \Â&#x2021;i_# Ye" i[nkWb" [ceY_edWb e YWh[dY_W W\[Yj_lW Yed h[if[Yje W bei gk[ de ik\h_[hed jWb[i i_jkWY_ed[i$ I[]Â&#x2018;d bWi YedYbki_ed[i Z[ bei Y_[djÂ&#x2021;Ă&#x2019;Yei" fkXb_YWZWi [d bW h[# l_ijW [if[Y_Wb_pWZW Ă&#x2C6;JhWdibWj_e# dWb Fiogk_WjhoĂ&#x2030;" [b [ijhÂ&#x192;i ][d[# hWZe feh [iei WXkiei _dZkY[ kdW ceZ_Ă&#x2019;YWY_Â&#x152;d [f_][dÂ&#x192;j_YW Z[b ][d h[Y[fjeh Z[ ]bkYeYehj_Ye_Z[ gk[

ĸ, 8.ĹŠÄ&#x2030;Ä&#x2C6;ŊĹŊ)4-(.ĹŠÄ&#x2030;Ä&#x2C6;Äš "Ä&#x201C;ĹŠ 42! ĹŠ#7/ -"(1ĹŠ242ĹŠ'.1(9.-3#2Ä&#x201C;ĹŠ 4#"#ĹŠ 5#1ĹŠ#-ĹŠ#+ĹŠ#731 -)#1.ĹŠ4- ĹŠ 4#- ĹŠ./.134-(Äą " "ĹŠ/ 1 ĹŠ' !#1+.Ä&#x201C;ĹŠ Ä&#x2013;ĹŠ 4#ĹŠ#-ĹŠ "Ä&#x201C;ĹŠ Ä&#x201E;.1#9! ĹŠ2(#,/1#ĹŠ4-ĹŠ1.231.ĹŠ,48ĹŠ +#%1#Ä&#x201C;

ĸ)4-(.ĹŠÄ&#x2030;Ä&#x2030;ŊĹŊ)4+(.ĹŠÄ&#x2030;Ä&#x2030;Äš "Ä&#x201C;ĹŠ-.ĹŠ"4" 1;ĹŠ#-ĹŠ' !#1ĹŠ!4 +04(#1ĹŠ! , (.ĹŠ "#-31.ĹŠ"#ĹŠ24ĹŠ5(" ĹŠ!.-ĹŠ+ ĹŠÄ&#x192;- +(" "ĹŠ"#ĹŠ3#-#1ĹŠ ,;2ĹŠ#2/ !(.ĹŠ8ĹŠ 43.-.,~ Ä&#x201C;ĹŠ Ä&#x2013;ĹŠ 4#"#ĹŠ' !#1ĹŠ4-ĹŠ/.15#-(1ĹŠ$#+(9ĹŠ!.-ĹŠ4-ĹŠ #2$4#19.ĹŠ/ !(#-3#ĹŠ8ĹŠ!.-23 -3#Ä&#x201C;

ĹŠĹŠ

}

ĹŠKd WjWgk[ Wb Fh[i_Z[dj[ Ĺ&#x2014;ĹŠ eh_]_dW kdW ]k[hhW YedjhW

=?D;8H7" ;<; Â&#x161; KdW _dl[ij_]WY_Â&#x152;d h[Wb_pWZW feh Y_[djÂ&#x2021;Ă&#x2019;Yei Z[ bW Kd_# l[hi_ZWZ o Z[b >eif_jWb Z[ =_d[# XhW ^W [ijWXb[Y_Ze gk[ [b cWbjhWje _d\Wdj_b ceZ_Ă&#x2019;YW bW h[]kbWY_Â&#x152;d Z[ bei ][d[i _cfb_YWZei [d bW ][ij_Â&#x152;d Z[b [ijhÂ&#x192;i [d bW l_ZW WZkbjW" be gk[ fk[Z[ fheleYWh [b Z[iWhhebbe Z[ Z_ij_djWi fWjebe]Â&#x2021;Wi$ ;d [b [ijkZ_e fWhj_Y_fWhed '&' _dZ_l_Zkei WZkbjei" jeZei [bbei lÂ&#x2021;Yj_cWi Z[b jhWijehde bÂ&#x2021;c_# j[ Z[ bW f[hiedWb_ZWZ" jWcX_Â&#x192;d YedeY_Ze Yece Ă&#x2C6;XehZ[hb_d[Ă&#x2030;$ ;b [gk_fe _dl[ij_]WZeh eXi[h#

ĸ 1(+ĹŠÄ&#x2030;Ä&#x2021;ŊĹŊ, 8.ĹŠÄ&#x2030;Ä&#x2021;Äš 1.!41#ĹŠ2#1ĹŠ,;2ĹŠ$1 -!.ĹŠ8ĹŠ31 -04(+.Ä&#x201D;ĹŠ#2/#Äą !( +,#-3#ĹŠ!.-ĹŠ+ 2ĹŠ/#12.- 2ĹŠ04#ĹŠ3(#-#-ĹŠ 43.1(" "ĹŠ#-ĹŠ24ĹŠ5(" Ä&#x201C;ĹŠ 4!'#ĹŠ!.-ĹŠ! +, ĹŠ8ĹŠ #-3#1#9 ĹŠ/.1ĹŠ242ĹŠ , (!(.-#2Ä&#x201C;ĹŠ Ä&#x2013;ĹŠ +ĹŠ2(%-.ĹŠ,;2ĹŠ!(#13.ĹŠ"#ĹŠ2 ("41~ ĹŠ#2ĹŠ+ ĹŠ 2#1#-(" "ĹŠ!.-23 -3#Ä&#x201C;ĹŠĹŠ ĹŠ

: ĹŠĹŠ

,175,*$

+267,*$5

$

$1+(/$5

+$%,7$5

$

2

5

Ă&#x2030;7202

02/e&8/$

5

$ 2%('(&(5

3$3$*$<2

3$75,$5&$ '(/ '/89,2

1,f$

62&,('$'

&257$5

3(5)25$5 $*8-(5($5

2

$

3(5621$/

/,&25

',1(52

e7,&$

)(&+$5

$6,'(52

$&75,= '( /$ 3(/Ă&#x152;&8/$ $0,*26 &21

/

)/$1&2 &267$'2

$7$6&$5 6$/8'$%/(

9(//Ă?1

5

ĹŠĹŠ

^ ĹŠ

&$3$7$=

2

5

&$16$'2

3

20(*$ &,8'$' '( ,7$//,$

$

'

'

*

2

2

086,&$/

1

5

,

5

$

)5(1$5

$

%Ă&#x2030;6&8/$

5

'(7(1(5

(

75$%$-$'25

*8$51,&,Ă?1 7(50,1$&,Ă?1

6

35,0(5$ 127$

,

'25$'$

,/8675(

6ROXFLyQ DQWHULRU

$57Ă&#x152;&8/2

$&725 '( /$ 3(/Ă&#x152;&8/$ /$ %5Ă&#x201D;-8/$

127$%/(

20(*$

9(5%$/

(

Ă&#x2030;7202

$8',2

&21&8%,1$

5

ĸ, 19.ĹŠÄ&#x2030;Ä&#x2C6;ŊĹŊ 1(+ĹŠÄ&#x2C6;Ä&#x2019;Äš .".ĹŠ+.ĹŠ04#ĹŠ2#ĹŠ1#+ !(.-#ĹŠ!.-ĹŠ242ĹŠ ,(%.2ĹŠ / 1 ĹŠ "ĹŠ2#1;ĹŠ4- ĹŠ/1(.1(" "Ä&#x201C;ĹŠ 4ĹŠ /.8.ĹŠ8ĹŠ 84" ĹŠ2#1;-ĹŠ(-!.-"(!(.- +#2ĹŠ/ 1 ĹŠ242ĹŠ ,(%.2Ä&#x201C;ĹŠ Ä&#x2013;ĹŠ .ĹŠ, +% 23#ĹŠ24ĹŠ 3 +#-3.ĹŠ-#% -".ĹŠ#+ĹŠ"#ĹŠ+.2ĹŠ.31.2ĹŠÄ&#x201C;

5(/,*,26$

&219,&72

5

Ä&#x201D;ĹŠÄ&#x2C6;Ä&#x160;Ä&#x2013;Ä&#x2030;Ä&#x17D;

&$%2 521=$/

0$1&(%$

/

Äą #-ĹŠÄ&#x2030;

&217,1(17(

5(3(5&86,Ă?1

&

ĹŠĹŠ

6867$1&,$ 0(',&,1$/

ĸ$# 1#1.ĹŠÄ&#x2030;Ä&#x2021;ŊĹŊ, 19.ĹŠÄ&#x2030;Ä&#x2021;ĚŊ +% Ä&#x201D;ĹŠ"(231;(% 2#ĹŠ8ĹŠ1#+;)#2#Ä&#x201C;ĹŠ -3#-% ĹŠ+ ĹŠ #!4 -(,(" "ĹŠ8ĹŠ#5(3#ĹŠ04#ĹŠ- " ĹŠ $#!3#ĹŠ24ĹŠ 4#-ĹŠ;-(,.Ä&#x201C;ĹŠ Ä&#x2013;ĹŠ 1#/ 1 1ĹŠ#+ĹŠ$434Äą 1.ĹŠ2(%-(Ä&#x192;! ĹŠ" 1ĹŠ$4-" ,#-3.ĹŠ +ĹŠ/1#2#-3#Ä&#x201C;

)/25(6

Ä&#x201D;ĹŠÄ&#x2021;Ä&#x2019;Ä&#x2013;Ä&#x160;Ä&#x2021;

fk[hjWi fWhW h[Y_X_h Wb YbkX c|i Z_l[hj_Ze o Yecfb[je Z[ bWi cWÂ&#x2039;WdWi$ BW Yedi_]dW [hW Z[ceijhWh gk[ bW _d\ehcWY_Â&#x152;d de j[dÂ&#x2021;W fehgkÂ&#x192; [ijWh f[b[WZW Yed bW Z_l[hi_Â&#x152;d$ Iki YedZkY# jeh[i" CWh_Y[bW =Â&#x152;c[p" 9[Y_b_W 9Wbb[ o ;b_WdW =kijWl_de [d bW \Wh|dZkbW" gk_[d[i i[ kd[d W CWhÂ&#x2021;W =hWY_W CWdpWde c|i YedeY_ZW Yece CW]WY^W" CWhY[be 9ehd[`e" @_cco FWh[# `W o ;ij[XWd L[hZ[peje$

Ä !(¢Ŋ4-ĹŠ"~ ĹŠ!.,.ĹŠ'.8Ä&#x;

4ĹŠ /#%.ĹŠ ĹŠ+.ĹŠ,~23(!.ĹŠ8ĹŠ#2/(1(34 +ĹŠ#2ĹŠ,48ĹŠ $4#13#Ä&#x201C;ĹŠ ĹŠ$#ĹŠ#2ĹŠ24ĹŠ,;2ĹŠ/."#1.2 ĹŠ 1, ĹŠ #-ĹŠ3.".ĹŠ3(/.ĹŠ"#ĹŠ2(34 !(.-#2Ä&#x201C;ĹŠ 4ĹŠ%1 -ĹŠ 2#-2( (+(" "ĹŠ8ĹŠ'4, -(" "ĹŠ' !#-ĹŠ"#ĹŠ "Ä&#x201C;ĹŠ 4- ĹŠ/#12.- ĹŠ $#!34.2 ĹŠ8ĹŠ/1#.!4/ " ĹŠ/.1ĹŠ + 2ĹŠ/#12.- 2ĹŠ,#-.2ĹŠ$ 5.1#!(" 2Ä&#x201C;

$&75,= '( /$

5Ă&#x152;2 '( ,7$/,$ Ä Ä&#x192;Ĺ? Ĺ? Ĺ? Ĺ?Ä&#x201A;Ä&#x20AC;Ä Ä&#x201A;Ĺ?

Ĺ? +. Ä&#x152;Ĺ?

?% D8I:<CF D<A@8 I% _d\a`X7cX_fiX%Zfd%\Z

ĸ)4+(.ĹŠÄ&#x2030;Ä&#x160;ŊĹŊ %.23.ĹŠÄ&#x2030;Ä&#x2030;ĚŊ 1.!41#ĹŠ3#-#1ĹŠ8ĹŠ" 1ĹŠ, 8.1ĹŠ+( #13 "ĹŠ"#-31.ĹŠ "#ĹŠ24ĹŠ, 31(,.-(.Ä&#x201C;ĹŠ #1;ĹŠ2 -.ĹŠ04#ĹŠ! " ĹŠ 4-.ĹŠ2#ĹŠ"_ĹŠ4-ĹŠ#2/ !(.ĹŠ/ 1 ĹŠ"(2$143 1ĹŠ ĹŠ2.Äą + 2Ä&#x201C;ĹŠĹŠ Ä&#x2013;ĹŠ 4+3(5#ĹŠ#+ĹŠ#2/~1(34ĹŠ +#%1#Ä&#x201C;

ĹŠĹŠ

ĸ %.23.ĹŠÄ&#x2030;Ä&#x160;ŊĹŊ2#/3(#, 1#ĹŠÄ&#x2030;Ä&#x2030;Äš

ĹŠ1#2/.-2 (+(" "ĹŠ8ĹŠ#+ĹŠ!.,/1.,(2.ĹŠ2.-ĹŠ 5 +(.2.2ĹŠ#-ĹŠ#+ĹŠ;1# ĹŠ"#ĹŠ31 ).Ä&#x201C;ĹŠ 2ĹŠ1#+ !(.Äą -#2ĹŠ!.-ĹŠ242ĹŠ!.,/ Â #1.2ĹŠ8ĹŠ24 +3#1-.2ĹŠ /4#"#ĹŠ5.+5#12#ĹŠ,;2ĹŠ!#1! - 2Ä&#x201C;ĹŠ Ä&#x2013;ĹŠ +4"#ĹŠ! " ĹŠ"~ ĹŠ!.-ĹŠ./3(Äą ,(2,.ĹŠ!.-ĹŠ+ ĹŠ2#%41(" "ĹŠ"#ĹŠ04#ĹŠ#23#ĹŠ#2ĹŠ#+ĹŠ ,#).1ĹŠ"~ ĹŠ"#ĹŠ24ĹŠ5(" Ä&#x201C;ĹŠĹŠ

ĹŠĹŠ

ĸ2#/3(#, 1#ĹŠÄ&#x2030;Ä&#x160;ŊĹŊ.!34 1#ĹŠÄ&#x2030;Ä&#x2030;Äš 4ĹŠ/1#.!4/ !(¢-ĹŠ/.1ĹŠ242ĹŠ'().2ĹŠ#2ĹŠ, 8.1Ä&#x201D;ĹŠ 31 3#ĹŠ"#ĹŠ"#,.231 1+#2ĹŠ!4;-3.ĹŠ+.2ĹŠ , ĹŠ8 ĹŠ 04#ĹŠ#23.ĹŠ$.13 +#!#1;ĹŠ+.2ĹŠ+ 9.2ĹŠ#-31#ĹŠ "2Ä&#x201C; Ä&#x2013;ĹŠ (ĹŠ2.-1~#Ä&#x201D;ĹŠ+ ĹŠ5(" ĹŠ+#ĹŠ2.-1#(1;Ä&#x201C;

ĹŠĹŠ

ĸ.!34 1#ĹŠÄ&#x2030;Ä&#x160;ŊĹŊ-.5(#, 1#ĹŠÄ&#x2030;Ä&#x2C6;ĚŊ -3#-% ĹŠ+ ĹŠ! +, ĹŠ -3#ĹŠ+ 2ĹŠ"#2 5#-#-Äą !( 2ĹŠ#-ĹŠ24ĹŠ'.% 1Ä&#x201C;ĹŠ 1.!41#ĹŠ2 +(1ĹŠ8ĹŠ#5(3 1ĹŠ 3#-#1ĹŠ,4!'.ĹŠ!.-3 !3.ĹŠ!.-ĹŠ#23#ĹŠ/.1ĹŠ#+ĹŠ,.Äą ,#-3.Ä&#x201C;ĹŠ Ä&#x2013;ĹŠ (ĹŠ2#ĹŠ 43.24%#23(.- ĹŠ !.-ĹŠ/#12#5#1 -!( ĹŠ. 3#-"1;ĹŠ#+ĹŠ. )#3(5.ĹŠ 04#ĹŠ2#ĹŠ2# +#Ä&#x201C;ĹŠ

ĹŠĹŠ

ĸ-.5(#, 1#ĹŠÄ&#x2030;Ä&#x2030;ŊĹŊ"(!(#, 1#ĹŠÄ&#x2030;Ä&#x2C6;ĚŊ 1;ĹŠ, 8.1ĹŠ'(-! /(_ĹŠ#-ĹŠ!4+3(5 12#ĹŠ8ĹŠ!1#Äą !#1ĹŠ(-3#+#!34 +,#-3#Ä&#x201C;ĹŠ 4(" 1;ĹŠ8ĹŠ /.8 1;ĹŠ ĹŠ 242ĹŠ'#1, -.2ĹŠ8ĹŠ/ 1(#-3#2ĹŠ!#1! -.2Ä&#x201C; Ä&#x2013;ĹŠ .ĹŠ2#ĹŠ 3.1,#-3#ĹŠ/.1ĹŠ+.ĹŠ04#ĹŠ -.ĹŠ/4#"#ĹŠ1# +(9 1Ä&#x201C;

WYjÂ&#x2018;W ieXh[ [b [`[ ^_fej|bWce#f_# jk_jWh_W#WZh[dWb$ 9kWdZe [i[ [`[ i[ Wbj[hW fk[# Z[ f[hjkhXWh bW ][ij_Â&#x152;d Z[b [ijhÂ&#x192;i W bW [ZWZ WZkbjW o fheleYWh [b Z[# iWhhebbe Z[ fi_YefWjebe]Â&#x2021;Wi$

ĹŠĹŠ

ĸ"(!(#, 1#ĹŠÄ&#x2030;Ä&#x2030;ŊĹŊ#-#1.ĹŠÄ&#x2C6;Ä&#x2019;Äš "Ä&#x201C;ĹŠ/#1"#1;ĹŠ4-ĹŠ3 -3.ĹŠ#+ĹŠ(-3#1_2ĹŠ/.1ĹŠ+.ĹŠ, Äą 3#1( +Ä&#x201C;ĹŠ 1.!41#ĹŠ2#1ĹŠ '.11 3(5.ĹŠ8ĹŠ, -3#-#1ĹŠ #-ĹŠ#04(+( 1(.ĹŠ#23 ĹŠ;1# Ä&#x201C;ĹŠ Ä&#x2013;ĹŠ 1 Äą )#ĹŠ!.-ĹŠ3#- !(" "ĹŠ8ĹŠ!.-ĹŠ2#1#- ĹŠ2#%41(" "Ä&#x201C;ĹŠ


Ä Ä&#x2020;

0%!),+ (! 01. Ä Ä&#x2020;Ĺ?)%*Ä&#x2039;

Ĺ?Ä Ä&#x192;Ĺ? Ĺ? Ĺ? Ĺ?Ä&#x201A;Ä&#x20AC;Ä Ä&#x201A;Ĺ?

Ĺ? +. Ĺ?

Ä&#x201C;ĹŠ 1!.2ĹŠ %'" 3(2ĹŠ"#54#+5#ĹŠ4- ĹŠ .+ ĹŠ ĹŠ 4 -ĹŠ 13~-ĹŠ"#+ĹŠ .31.ĹŠ#-ĹŠ+.2ĹŠ!4 13.2ĹŠ"#ĹŠÄ&#x192;- +ĹŠ"#ĹŠ 8"-#8Ä&#x201C;

%'" 3(2ĹŠ3., ĹŠ5#-3 ) +ĹŠ3#-(23 ĹŠ!'(/1(.3 ĹŠ 1!.2ĹŠ %'" 3(2ĹŠ2#ĹŠ(,Äą /42.ĹŠ 8#1ĹŠ +ĹŠ 1%#-3(-.ĹŠ 4 -ĹŠ 13~-ĹŠ"#+ĹŠ .31.ĹŠ #-ĹŠ+.2ĹŠ!4 13.2ĹŠ"#ĹŠÄ&#x192;- +ĹŠ"#ĹŠ 8"-#8Ä&#x201C;

8W]^ZWj_i" Z[\[dieh Z[b jÂ&#x2021;jkbe" i[ bb[lÂ&#x152; [b jh_kd\e feh -#, o ,#* [d kdW ^ehW o *' c_dkje" o Z[# i[gk_b_XhÂ&#x152; [b XWbWdY[ Z[ [d\h[djW# c_[djei Yed :[b Fejhe" gk[ ^WijW W^ehW [ijWXW _]kWbWZe W kde$ ;b [dYk[djhe \k[ cko _]kWbWZe ÂĄ ĹŠ Ä&#x201D;ĹŠ Â&#x161; ;b Y^_# bW WdZWZkhW Z[b Wh][dj_de @kWd h_je Z[b jehd[e Z[ IoZd[o" [d bei o i[ h[iebl_Â&#x152; feh Z[jWbb[i$ 8W]^# ZWj_i [ijkle c|i _dif_hWZe [d bei fh_ejW CWhYei 8W]^ZWj_i \h[dÂ&#x152; CWhjÂ&#x2021;d Z[b Fejhe" fh_c[h \Wle# YkWhjei Z[ Ă&#x2019;dWb$

cec[djei YbWl[i Z[ WcXWi cWd# ]Wi o i[ fbWdjÂ&#x152; [d i[c_Ă&#x2019;dWb[i$ ;d ejhe [dYk[djhe Z[ YkWhjei" [b kpX[Ye :[d_i ?ijec_d WYWXÂ&#x152; Yed [b \hWdYÂ&#x192;i H_Y^WhZ =Wigk[j" j[hY[h \Wleh_je" feh ,#* o -#,$ BWi i[c_Ă&#x2019;dWb[i i[h|d0 CWhYei 8W]^# ZWj_i#@kb_[d 8[dd[j[Wk" o :[d_i ?ijec_d#@Whaae D_[c_d[d$

.ĹŠ,.-#8Ä&#x201D;ĹŠ ,#ĹŠ5.8

+ĹŠ,#).1ĹŠ "#ĹŠ !4 ".1

ĹŠ #"#1 !(¢-ĹŠ -3#1- !(.- +ĹŠ "#ĹŠ (23.1( ĹŠ 8ĹŠ 23 "~23(! ĹŠ "#+ĹŠ Ă&#x152;3 .+ĹŠ ĸ ĚŊ /4 +(!¢Ŋ #+ĹŠ 1;-*(-%ĹŠ "#ĹŠ +.2ĹŠ #04(/.2ĹŠ ĹŠ -(5#+ĹŠ,4-"( +ĹŠ8ĹŠ (% ĹŠ"#ĹŠ 4(3.ĹŠ 2#ĹŠ4 (! ĹŠ#-ĹŠ+ ĹŠ"_!(,.ĹŠ04(-3 ĹŠ /.2(!(¢-Ä&#x201D;ĹŠ+ ĹŠ,#).1ĹŠ4 (! !(¢-ĹŠ "#ĹŠ +.2ĹŠ #04(/.2ĹŠ #!4 3.1( Äą -.2Ä&#x201D;ĹŠ+.ĹŠ2(%4#ĹŠ ,#+#!ŊĸÄ&#x2018;Ä&#x2018;ĚŊ8ĹŠ #/.13(5.ĹŠ 4(3.ŊĸÄ&#x2C6;Ä&#x2021;Ä?ÄšÄ&#x201C;

;b Z[bWdj[he [YkWjeh_Wde 9Whbei J[deh_e `k]Wh| [ijW j[cfehWZW Yed [b LWiYe ZW =WcW Z[ 8hWi_b" oW gk[ B_]W Z[ Gk_je de fkZe Ykcfb_h Yed bei fbWpei fWYjWZei fWhW [b fW]e Z[ iki Z[h[Y^ei Z[# fehj_lei$ ;b Ă&#x2C6; :[ceb[ZehĂ&#x2030; l_W`Wh| [d bei fhÂ&#x152;n_cei ZÂ&#x2021;Wi W 8hWi_b fWhW Y[# hhWh ik l_dYkbWY_Â&#x152;d Yed ik dk[le YbkX$ J[deh_e" Z[ )( WÂ&#x2039;ei" Wd^[bWXW `k]Wh Yed bW Ă&#x2C6;KĂ&#x2030;" f[he [b Yeije Z[ ik fWi[ \k[ Z_\Â&#x2021;Y_b YkXh_h feh bW Z_h[Yj_lW Ă&#x2C6;WpkY[dWĂ&#x2030;" gk[ de jkle c|i h[c[Z_e gk[ Z[`Whbe fWhj_h$

Ä&#x201C;ĹŠ 1+.2ĹŠ #-.1(.Ŋĸ!ĚŊ)4% 1;ĹŠ #-ĹŠ#+ĹŠ 2!.ĹŠ" ĹŠ , ĹŠ"#ĹŠ 1 2(+Ä&#x201C;

9ed bW fWh_ZW Z[ J[deh_e" bei Ă&#x2C6;c[h[d]k[iĂ&#x2030; YedjWhÂ&#x2021;Wd Yed 9bWk# Z_e 8_[b[h o >[hd|d 8WhYei fWhW bW e\[di_lW o MWbj[h 9WbZ[hÂ&#x152;d i_ de iWb[ Z[ B_]W$


Ä Ä&#x2021;

Ä Ä&#x192;Ĺ? Ĺ? Ĺ? Ĺ?Ä&#x201A;Ä&#x20AC;Ä Ä&#x201A;Ĺ?

Ĺ? +. Ä&#x152;Ĺ?

ĹŠ, 8.1~ ĹŠ"#ĹŠ 1#$4#19.2ĹŠ"#ĹŠ +.2ĹŠ#04(/.2ĹŠ #!4 3.1( -.2ĹŠ ' -ĹŠ++#% ".ĹŠ / 2 ".2ĹŠ+.2ĹŠ Ä&#x160;Ä&#x2021;ĹŠ Â .2Ä&#x201C; Feh [b \Â&#x2018;jXeb [YkWjeh_Wde ^Wd fWiWZe `k]WZeh[i Yed ]hWd h[# decXh[ _dj[hdWY_edWb" f[he [d bW cWoehÂ&#x2021;W Z[ bei YWiei de ^Wd h[dZ_Ze be [if[hWZe o be gk[ [i f[eh ^Wd bb[dWZe Z[ Z[cWdZWi W gk_[d bei YedjhWjÂ&#x152;$ 8WhY[bedW ^W i_Ze [b [gk_fe gk[ c|i `k]WZeh[i Z[ jhWo[Yje# h_W ^W jhWÂ&#x2021;Ze" f[he de [d jeZei bei YWiei \kdY_edWhed Yece i[ be [if[hWXW$ ;b \hWkZ[ gk[ c|i i[ h[Yk[hZW [i Z[b [nckdZ_Wb_ijW 9oh_b CWaWdWa_" gk_[d i[ bkY_Â&#x152; [d [b CkdZ_Wb Z[ ?jWb_W /&" f[he YkWdZe bb[]Â&#x152; Wb Ă&#x2C6;9WdWh_eĂ&#x2030; de \k[ d_ bW iecXhW o W fWhj[ i[ ^WXbW Z[ gk[ Z[`Â&#x152; Wb YbkX Yed kdW cWb# Z_Y_Â&#x152;d" feh be gk[ bei Ă&#x2C6;WcWh_bbeiĂ&#x2030; de fk[Z[d i[h YWcf[ed[i$ 7iÂ&#x2021; ^Wo ejhei YWiei" Yece [b Z[ ;ZkWhZe Ceh_]]_" gk_[d de h_dZ_Â&#x152; Yece i[ be [if[hWXW" Z[# cWdZÂ&#x152; W 8WhY[bedW o [cXWh]Â&#x152; [b ;ijWZ_e Cedkc[djWb feh be gk[ ^eo bb[lW [b decXh[ Z[ kdW _dij_# jkY_Â&#x152;d Ă&#x2019;dWdY_[hW$ FWhW [ijW j[cfehWZW ^Wd bb[# ]WZe decXh[i gk[ _dl_jWd W ie# Â&#x2039;Wh W bei ^_dY^Wi Z[ bei Z_\[h[d# j[i [gk_fei" f[he gk[ [ij|d ieXh[ bei )& WÂ&#x2039;ei ÂľI[h| gk[ Ykcfb[d bWi [nf[YjWj_lWi5$ Ă&#x2020;JeZei bei `k]WZeh[i gk[ de ^Wd l[d_Ze `k]WdZe e ^Wd j[d_# Ze b[i_ed[i ]hWl[i [i c|i Z_\Â&#x2021;Y_b h[Ykf[hWhbei o c|i WÂ&#x2018;d i_ fWiWd bei )& WÂ&#x2039;eiĂ&#x2021;" Z_`e [b :[fehjÂ&#x152;be]e <[hdWdZe DÂ&#x2018;Â&#x2039;[p$ ;d [b YWie Z[ B_]W Z[ Gk_je i[ Wfk[ijW W bW [nf[h_[dY_W o i_d ZkZW fhe\[i_edWb[i Yece Kb_i[i Z[ bW 9hkp ^Wd Ykcfb_Ze" _dYbk# ie Yedi_]k_[dZe jÂ&#x2021;jkbei _dj[hdW# Y_edWb[i$ I_d [cXWh]e" bk[]e Z[ kdW b[i_Â&#x152;d [i c|i Yecfb_YWZe h[Ykf[hWhbei$ Ă&#x2020;BW Ă&#x2019;iedecÂ&#x2021;W Z[ kd `k]WZeh cWoeh W bei )& WÂ&#x2039;ei d[Y[i_jW ejhe jhWje" Z[X[ Z[iYWdiWh c|i" j[d[h c|i Wf[]e Wb [djh[dW# c_[dje _dl_i_Xb[ [ _dYbkie [d ik l_ZW i[nkWb" oW gk[ i[ Z[i]WijW c|iĂ&#x2021;" cWd_\[ijÂ&#x152; DÂ&#x2018;Â&#x2039;[p$ Feh ejhe bWZe" [b jhWXW`e [i Z_\[h[dj[ Yed [ijei `k]WZeh[i" f[he [ije de gk_[h[ Z[Y_h gk[ [d bW YWdY^W ik Z[i[cf[Â&#x2039;e i[W Z_\[h[dj[$ Ă&#x2020;BW [ZWZ _dĂ&#x201C;ko[ ckY^e [d bW YWdY^W" f[he de [d [b h[dZ_# c_[dje$ ;d [b YWcfe Z[ `k[]e bW [nf[h_[dY_W i_hl[ fWhW ]WdWh fWhj_Zei o jÂ&#x2021;jkbei$ ;i feh [ie gk[ W bei `k]WZeh[i cWoeh[i ^Wo gk[ jhWjWhbei Z[ cWd[hW Z_\[h[dj[ o ^Wo gk[ iWX[h WZc_d_ijhWh [b jhW#

Ä +#% -ĹŠ/.1ĹŠ #7/#1(#-!( ĹŠ.ĹŠ ĹŠ 04#, 1ĹŠ242ĹŠ Ă&#x152;+3(,.2ĹŠ! 134!'.2Ä&#x; Äą

(.5 --8ĹŠ 2/(-.9 #/.13(5.ĹŠ 4(3.

Ĺ&#x2014;ĹŠ " "Ä&#x2013;ĹŠÄ&#x160;Ä&#x152;ĹŠ  .2 Ĺ&#x2014;ĹŠ !(.- +(" "Ä&#x2013;ĹŠ !4 3.1( - Ĺ&#x2014;ĹŠ .2(!(¢-Ä&#x2013;ĹŠ #$#-2 Ĺ&#x2014;ĹŠ /.".Ä&#x2013;ĹŠÄĽ ĹŠ ., 1 ÄŚ

(,#ĹŠ 5;-ĹŠ 5(#"#2 #/.13(5.ĹŠ 4(3.

,(;-ĹŠ -2.

(% ĹŠ"#ĹŠ 4(3.

Ĺ&#x2014;ĹŠ " "Ä&#x2013;ĹŠÄ&#x160;Ä&#x152;ĹŠ  .2 Ĺ&#x2014;ĹŠ !(.- +(" "Ä&#x2013;ĹŠ !4 3.1( - Ĺ&#x2014;ĹŠ .2(!(¢-Ä&#x2013;ĹŠ #+ -3#1. Ĺ&#x2014;ĹŠ /.".Ä&#x2013;ĹŠÄĽ + !.ÄŚÄ&#x201D;ĹŠÄĽ (-#ÄŚ

Ĺ&#x2014;ĹŠ " "Ä&#x2013;ĹŠÄ&#x160;Ä&#x2030;ĹŠ  .2 Ĺ&#x2014;ĹŠ !(.- +(" "Ä&#x2013;ĹŠ 1%#-3(- Ĺ&#x2014;ĹŠ .2(!(¢-Ä&#x2013;ĹŠ .+ -3# Ĺ&#x2014;ĹŠ /.".Ä&#x2013;ĹŠÄĽ (.).ÄŚ ĹŠ #2(.-#2ĹŠ%1 5#2Ä&#x2013;ĹŠ/1. +#, 2ĹŠ#-ĹŠ24ĹŠ Ĺ&#x2014;1."(++ ĹŠ(904(#1" XW`e \Â&#x2021;i_YeĂ&#x2021;" YedjÂ&#x152; 9Â&#x192;iWh 8[dWbY|# pWh" fh[fWhWZeh \Â&#x2021;i_Ye$ BWi fWhWi bWh]Wi feh b[i_ed[i ]hWl[i e feh \WbjW Z[ YedjhWjei jWcX_Â&#x192;d _dĂ&#x201C;ko[d" oW gk[ jecW j_[cfe fed[hbei W fkdje o [ie b[ gk_jW j_[cfe Wb Yk[hfe jÂ&#x192;Yd_Ye$ Ă&#x2020;9ed `k]WZeh[i gk[ l_[d[d

+.ĹŠ 4%Ă&#x2022;#1!(. 1!#+.-

Ĺ&#x2014;ĹŠ " "Ä&#x2013;ĹŠÄ&#x2030;Ä&#x2019;ĹŠ  .2 Ĺ&#x2014;ĹŠ !(.- +(" "Ä&#x2013;ĹŠ 1%#-3(- Ĺ&#x2014;ĹŠ .2(!(¢-Ä&#x2013;ĹŠ #+ -3#1. Ĺ&#x2014;ĹŠ /.".Ä&#x2013;ĹŠÄĽ 8 2.ÄŚ

Z[ b[i_ed[i ]hWl[i e bWh]Wi Z[ h[Ykf[hWY_Â&#x152;d" i[ Z[X[ j[d[h j_[cfe Yed [bbei" gk_jW j_[cfe Wb Yk[hfe jÂ&#x192;Yd_Ye o i[ Z[X[ jhW# XW`Wh j_[cfei [njhWi" gk[ ck# Y^Wi l[Y[i fheZkY[ [nY[ie Z[ YWh]Wi \Â&#x2021;i_YWi [d bei `k]WZeh[i cWoeh[i Z[ )& WÂ&#x2039;eiĂ&#x2021;" i[dj[dY_Â&#x152;

8[dWbY|pWh$ ;i _cfehjWdj[ j[d[h [d Yk[djW jeZe [ije fWhW ^WY[h kdW YedjhW# jWY_Â&#x152;d" [if[Y_Wbc[dj[ i_ i[ XkiYW gk[ h_dZW c|i gk[ kd `k]WZeh dWY_edWb o ieXh[ jeZe gk[ i[W kd Wfehj[ fWhW [b YbkX gk[ XkiYW eX`[j_lei$

^"(2.-ĹŠ _-"#9

.2_ĹŠ , 8

Ĺ&#x2014;ĹŠ " "Ä&#x2013;ĹŠÄ&#x160;Ä&#x2030;ĹŠ  .2 Ĺ&#x2014;ĹŠ !(.- +(" "Ä&#x2013;ĹŠ !4 3.1( - Ĺ&#x2014;ĹŠ .2(!(¢-Ä&#x2013;ĹŠ .+ -3# Ĺ&#x2014;ĹŠ /.".Ä&#x2013;ĹŠÄĽ 4(-(3.ÄŚ

Ĺ&#x2014;ĹŠ " "Ä&#x2013;ĹŠÄ&#x160;Ä&#x2030;ĹŠ  .2 Ĺ&#x2014;ĹŠ !(.- +(" "Ä&#x2013;ĹŠ .+., Ĺ&#x2014;ĹŠ .2(!(¢-Ä&#x2013;ĹŠ .+ -3# Ĺ&#x2014;ĹŠ /.".Ä&#x2013;ĹŠÄĽ (-%.ÄŚ

(% ĹŠ"#ĹŠ 4(3.

4!( -.ĹŠ (%4#1.

1!#+.-

,#+#!

( -

Ĺ&#x2014;ĹŠ " "Ä&#x2013;ĹŠÄ&#x160;Ä&#x2021;ĹŠ  .2 Ĺ&#x2014;ĹŠ !(.- +(" "Ä&#x2013;ĹŠ 1%#-3(- Ĺ&#x2014;ĹŠ .2(!(¢-Ä&#x2013;ĹŠ #+ -3#1. Ĺ&#x2014;ĹŠ /.".Ä&#x2013;ĹŠÄĽ +ĹŠ 04#3#ÄŚ ĹŠ #2(.-#2ĹŠ%1 5#2Ä&#x2013;ĹŠ .341 ĹŠ"#ĹŠ+(% ,#-3.2ĹŠ Ĺ&#x2014;!149 ".2


11( +

1.%1 , !(¢ Ä Ä&#x192;Ĺ? Ĺ? Ĺ?Ä&#x201A;Ä&#x20AC;Ä Ä&#x201A;

Ĺ? +. Ĺ? ÄĄ

(% ĹŠ +/ !' ! #1(#ĹŠ ŊIJŊ 23 "(.ĹŠ"#ĹŠ 9 8 Ä&#x2C6;Ä&#x2030;Ä&#x2013;Ä&#x2021;Ä&#x2021;ĹŠ ;/.+#2ĹŠ Ä&#x2C6;Ä&#x152;Ä&#x2013;Ä&#x2021;Ä&#x2021;ĹŠ !.1/(.-2ĹŠ Ä&#x2C6;Ä?Ä&#x2013;Ä&#x2021;Ä&#x2021;ĹŠ .1(-3'( -2ĹŠ

+( -9 ĹŠ -3 ĹŠ #

45#-342

#1(#ĹŠ ŊIJŊ 23 "(.ĹŠ ĹŠ .!' ĹŠ Ä&#x2C6;Ä&#x2030;Ä&#x2013;Ä&#x2021;Ä&#x2021;ĹŠ # +ĹŠ "1("ĹŠ Ä&#x2030;Ä&#x2018;ĹŠ"#ĹŠ #/3(#, 1# Ä&#x2C6;Ä&#x152;Ä&#x2013;Ä&#x2021;Ä&#x2021;ĹŠ #2, ĹŠ -"#/#-"(#-3# Ä&#x2C6;Ä?Ä&#x2013;Ä&#x2021;Ä&#x2021;ĹŠ ĹŠ ĹŠ ĹŠ 3+Ä&#x201C;ĹŠ "1("

(% ĹŠ +ĹŠ 1(.1 3.

4#+.2ĹŠ5(3 +#2ĹŠ

#1(#ĹŠ ŊIJŊ 23 "(.ĹŠ"#ĹŠ +ĹŠ 1(.1 3. Ä&#x2C6;Ä&#x152;Ä&#x2013;Ä&#x2021;Ä&#x2021;ĹŠ 45#-34"ĹŠ -"#/#-"(#-3#ĹŠ Ä&#x2C6;Ä?Ä&#x2013;Ä&#x2021;Ä&#x2021;ĹŠ 3+Ä&#x201C;ĹŠ !(.- +ĹŠ 231#++ ĹŠ .) ĹŠ

Ä Ä&#x192;

#! + 8/ĹŠ 11 #+(%#ĹŠ"(1#!3(5.2ĹŠ

Ĺ&#x2014;ĹŠĹŠ

>eo" '/0&& [d bW i[Z[ Z[ B_]W IWd C_]k[b Z[ ?XWhhW i[ [b[]_h| [b YkWZhe Z_h[Yj_le Z[ bW <[Z[hWY_Â&#x152;d 9WdjedWb Z[ B_]Wi :[fehj_lWi 8Whh_Wb[i o FWhhegk_Wb[i Z[ ?XWhhW$ ;b dk[le eh]Wd_ice Z[fehj_le i[h| [b [dYWh]WZe Z[ eh]Wd_# pWh bei _dj[hb_]Wi W d_l[b Z[b YWdjÂ&#x152;d ?XWhhW$

Ä&#x201C;ĹŠ 2ĹŠ!.2 2ĹŠ#-ĹŠ+ 2ĹŠ (% 2ĹŠ"#ĹŠ 2ĹŠ +, 2Ä&#x201D;ĹŠ +/ !' ! ĹŠ8ĹŠ 1(.1 3.ĹŠ#23;-ĹŠ! -"#-3#2Ä&#x201C;ĹŠ

ĹŠ).1- " ĹŠ2 3(- ĹŠ2#1;ĹŠ!+ 5#ĹŠ/ 1 ĹŠ5 1(.2ĹŠ !+4 #2ĹŠ"#ĹŠ+ 2ĹŠÄ&#x2C6;Ä&#x160;ĹŠ+(% 2ĹŠ 11( +#2ĹŠ#-ĹŠ , 41 Ä&#x201C;ĹŠ

2ĹŠ!.2 2ĹŠ#-ĹŠ 2ĹŠ +, 2ĹŠ8ĹŠ +/ !' ! ĹŠ#23;-ĹŠ +ĹŠ1.).ĹŠ5(5.Ä&#x201C;ĹŠ ĹŠÄ&#x203A;ĹŠ @LB o Jkb_fWd[i fhejW# ]ed_pWh|d [b fWhj_Ze c|i WjhWY# j_le Z[ cWÂ&#x2039;WdW [d B_]W BWi FWb# cWi$ Bei Zei [gk_fei bkY^Wd feh YbWi_Ă&#x2019; YWhi[ W bW _dijWdY_W Ă&#x2019; dWb Z[b jehd[e$ @LB [i [b bÂ&#x2021;Z[h Z[b jehd[e Yed (* fkdjei$ Ik h_lWb [ij| j[h# Y[he Yed '. kd_ZWZ[i$ ;ij[ Yej[`e i[ `k]Wh| W bWi ',0&& [d [b [ijWZ_e <hWdab_d Ia_dd[h$ :[ fh[b_c_dWh i[ l[d bWi YWhWi @kl[djkZ YedjhW [b CWZh_Z$ ;b fWhj_Zei i[ fh[lÂ&#x192;

Z[ _ZW o lk[bjW" bei Zei [gk_fei d[Y[i_jWd ikcWh Z[ W jh[i fWhW pW\Whi[ Z[b j[cW Z[iY[die$ F[he de iÂ&#x152;be bW i[h_[ 7" j_[d[ WYj_l_ZWZ$ Bei Z[ bW 8 jWcX_Â&#x192;d `k[]Wd kdW \[Y^W jhWdiY[dZ[d# jWb [d ik bkY^W feh ikX_h$ ;b YkWZhWd]kbWh Z[ WiY[die [ij| YWdZ[dj[" [ijW i[cWdW i[ be `k# ]Wh| [b Zec_d]e$ 7 bWi '*0&& i[ [d\h[djWd 9ehh[YWc_dei Yed <h_]e\WcW$ ;d [b i[]kdZe Zk[be

.+  .2Ä&#x201D;ĹŠ/1(,#1 ĹŠ./!(¢-ĹŠ BW bb[]WZW Z[ CWkh_Y_e 8ebWÂ&#x2039;ei W bW Z_h[YY_Â&#x152;d jÂ&#x192;Yd_YW Z[b LWbb[ Z[b 9^ejW" [ij| WbbWdWZW$ ;d bWi fhÂ&#x152;n_cWi ^ehWi i[ eĂ&#x2019; Y_Wb_pWh| ik decXh[ Yece [b dk[le j_# ced[b Z[b YkWZhe l[hZ_XbWdYe fWhW [ijW j[cfehWZW$ @kb_e 9Â&#x192;iWh 7dZhWZ[ o >k]e FÂ&#x192;h[p" Yed\ehcWh|d [b Yk[hfe jÂ&#x192;Yd_Ye$ ;b fh_c[he Yece Wi_i# j[dj[ o FÂ&#x192;h[p Yece fh[fWhWZeh \Â&#x2021;i_Ye$ ;ije \k[ Yece fWhj[ Z[b jhW# XW`e gk[ [ij| h[Wb_pWdZe bW 9e# c_i_Â&#x152;d gk[ i[ decXhÂ&#x152; [b l_[h# d[i Wdj[h_eh$ BW _dj[dY_Â&#x152;d Z[ bei dk[lei Z_h[Yj_lei [i WhcWh bW [ijhkYjkhW Z[ kd l[hZWZ[he [gk_fe Z[ \Â&#x2018;jXeb$ Ă&#x2020;I[]k_cei jhWXW`WdZe$ Feh W^ehW [ijWcei l_[dZe bei `k]W# Zeh[i gk[ i[ [ij|d fheXWdZeĂ&#x2021;" Yec[djW F[Zhe :[b]WZe" gk_[d Wb cec[dje eĂ&#x2019; Y_W Yece :J$ ;b ^[hcWde cWoeh Z[ 7]kijÂ&#x2021;d :[b]WZe" i[h| fWhj[ Z[b dk[le [gk_fe Z[ jhWXW`e$ ;b jehd[e WhhWdYWh| [b (+ Z[ \[Xh[he$ ;d Zei i[cWdWi i[ [ijhkYjkhWh| [b YWb[dZWh_e Z[ `k[]e$ LWbb[ Z[b 9^ejW o [b ?cXWXkhW ied bei Zei h[fh[# i[djWdj[i Z[ bW fhel_dY_W [d [b YWcf[edWje dWY_edWb$

Ä&#x201C;ĹŠ Ä&#x201C;ĹŠ 41(!(.ĹŠ .+ Â .2ĹŠ #2345.ĹŠ"(1(%(#-".ĹŠ#+ĹŠ Â .ĹŠ -3#1(.1ĹŠ +ĹŠ ++#ĹŠ#-ĹŠ+ ĹŠ! 3#%.1~ ĹŠ24 ĹŠÄ&#x2C6;Ä&#x152;Ä&#x201C;

." +(" "ĹŠ"#ĹŠ)4#%.ĹŠ

BW fh_c[hW [jWfW i[h| Z[ jeZei YedjhW jeZei$ Bei Zei fh_c[# hei Z[ [ijW [jWfW YbWi_Ă&#x2019; YWh|d W bW B_]k_bbW <_dWb$ BW i[]kdZW [jWfW i[ `k]Wh| [d Zei ^[nW]e# dWb[i" gk[ i[ Yed\ehcWh|d Z[ WYk[hZe W bW kX_YWY_Â&#x152;d Z[ bei YbkX[i [d bW fh_c[hW [jWfW o i[h|d [ijWXb[Y_Zei [djh[ fWh[i [ _cfWh[i$ BW j[hY[hW [jWfW i[ `k]Wh| Yed Zei ^[nW]edWb[i$ ;b fh_c[he feh bei Zei Ykfei W bW i[h_[ 7 o bei ejhei fWhW de Z[i# Y[dZ[h W bW I[]kdZW 9Wj[]ehÂ&#x2021;W$

i[ c_Z[d ;b Fhe\[ Yed [b ?XWhhW Ifehj_d] 9bkX$

(% ĹŠ +/ !' ! ĹŠ8ĹŠ 1(.1 3.

I[_i fWhj_Zei i[ `k[]Wd cWÂ&#x2039;WdW [d bei Zei [ijWZ_ei$ 7 bWi '(0&& [d 7pWoW" D|feb[i XkiYW ikcWh bei jh[i fkdjei \h[dj[ Wb 7b_WdpW 8$ FWhWb[be W [ij[ Zk[be" [d BW 9eY^W i[ l[d bWi YWhWi H[Wb CW# Zh_Z o (. Z[ I[fj_[cXh[" feh bW i[h_[ 7$ ;d [ijW YWj[]ehÂ&#x2021;W Yec#

fb[jWd bW `ehdWZW iWXWj_dW B[i# cW Yed ?dZ[f[dZ_[dj[" Z[iZ[ bWi '*0&& o B:K Yed 7jbÂ&#x192;j_Ye Z[ CWZh_Z Z[iZ[ bWi ',0&&$ ;d bW 8" gk[ i[ `k[]W [d [b [ijWZ_e Z[ 7pWoW i[ l[d bWi YWhWi IYehf_edi YedjhW IWdjW <[ Z[iZ[ bWi '*0&& o 9eh_dj^_Wdi Yed @kl[djki W bWi ',0&&$ ;d Fh_ehWje i[ `k]Wh|d Zei fWhj_Zei Z[ i[h_[ 8$ 7 bWi '*0&& ?dZ[f[dZ_[dj[ IEI h[Y_X[ W @k# l[djkZ Kd_ZWZ [d kd Zk[be Z[ d[Y[i_jWZei$ Bei Zei YbkX[i [i# j|d [d bW pedW XW`W Z[b jehd[e$ ;d [b ejhe Yecfhec_ie [b 7jbÂ&#x192;# j_Ye DWY_edWb" YebÂ&#x2021;Z[h Z[ bW YWj[# ]ehÂ&#x2021;W Yed '+ kd_ZWZ[i i[ l[ bWi YWhWi Yed [b Wdj[f[dÂ&#x2018;bj_ce ;i# jh[bbW He`W gk[ ikcW ' fkdje Z[ '+ fei_Xb[i$

Ä&#x160; Ä&#x2C6;Ä&#x17D;

#%4-" ĹŠ 3#%.1~ ĹŠ 3., ĹŠ$.1,

Ĺ&#x2014;ĹŠĹŠ

7jkdjWgk_ <Â&#x2018;jXeb 9bkX o J[eZehe =Â&#x152;c[p Z[ bW Jehh[ ied bei Zei YbkX[i gk[ [ij|d b_ijei fWhW `k]Wh [ij[ WÂ&#x2039;e [b jehd[e fhel_dY_Wb Z[ I[]kd# ZW 9Wj[]ehÂ&#x2021;W$ H[]bWc[djW# h_Wc[dj[ i[ d[Y[i_jW Z[ ejhe [gk_fe fWhW `k]Wh [b jehd[e Z[ ?cXWXkhW$


Ä Ä&#x2026;

Ä Ä&#x192;Ĺ? Ĺ? Ĺ?Ä&#x201A;Ä&#x20AC;Ä Ä&#x201A;

Ĺ? +. Ĺ? ÄĄ

ĹŠĹŠ

ĹŠ 4"(#-!( ĹŠ "# #ĹŠ!4,/+(12#ĹŠ -3#2ĹŠ"#ĹŠ+ 2ĹŠÄ&#x2030;Ä&#x152;ĹŠ '.1 2Ä&#x201D;ĹŠ! 2.ĹŠ!.-Äą 31 1(.Ä&#x201D;ĹŠ#+ĹŠ"#3#-(Äą ".ĹŠ/."1~ ĹŠ1#!4Äą /#1 1ĹŠ24ĹŠ+( #13 "Ä&#x201C;ĹŠ

3+#3 2ĹŠ54#+5#-ĹŠ #+ĹŠ+4-#2

Ĺ&#x2014;ĹŠ ĹŠĹŠBei i[b[YY_edWZei dWY_e# dWb[i Z[ Wjb[j_ice YWc#

X_Whed ik _j_d[hWh_e$ ;bbei jhWXW`Wh|d [d ?XWhhW ^WijW [b (. Z[ [d[he" f[he jkl_[hed gk[ ^WY[h kd Yehj[ [d bW fh[# fWhWY_Â&#x152;d$ 7o[h i[ h[kd_[hed Yed @eiÂ&#x192; <hWdY_iYe 9[lWbbei" C_d_ijhe Z[ :[fehj[i" [b eX`[j_le \k[ [ijWXb[Y[h bW fbWd_Ă&#x2019; YWY_Â&#x152;d o bei h[Ykhiei gk[ h[Y_X_h|d$ >eo [d 9k[d# YW fWhj_Y_fWh|d [d bW ]WbW Wj# bÂ&#x192;j_YW$ Bei eY^e Z[fehj_ijWi h[fh[i[djWdj[i Z[b ;YkWZeh h[]h[iWd W ?XWhhW [b bkd[i o Z[ _dc[Z_Wje i_]k[d Yed iki [djh[dWc_[djei$ Ä&#x201C;ĹŠ '.--8ĹŠ -(#+ĹŠ Ä&#x201C;Ä&#x201D;ĹŠ"#ĹŠÄ&#x2030;Ä&#x2019;ĹŠ  .2Ä&#x201D;ĹŠ!4 -".ĹŠ2#ĹŠ"(1(%~ ĹŠ' 23 ĹŠ#+ĹŠ #-31.ĹŠ"#ĹŠ #3#-!(¢-ĹŠ 1.5(2(.- +ĹŠ#-ĹŠ 11 Ä&#x201C;ĹŠ

#345(#1.-ĹŠ ĹŠ(,/+(! ".ĹŠ#-ĹŠ 24/4#23.ĹŠ! 2.ĹŠ"#ĹŠ2. .1-. (!+(2,.ĹŠ#-ĹŠ 1!404~

Ĺ&#x2014;ĹŠ ĹŠĹŠB_]W :[fehj_lW 9WdjedWb Z[ KhYkgkÂ&#x2021; WĂ&#x2019; dW Z[jWbb[i

fWhW bW Yecf[j[dY_W Z[ Y_Yb_ice Z[ cedjWÂ&#x2039;W o Z[ hkjW$ BWi Zei Yecf[j[dY_Wi i[ h[Wb_pWh|d bW fhÂ&#x152;n_cW i[cWdW$ I_d [cXWh]e" bei eh# ]Wd_pWZeh[i YedleYWd W bei WĂ&#x2019; Y_edWZei fWhW fWhj_Y_fWh [d [ij[ [l[dje$ I[ fh[lÂ&#x192; bW fWhj_Y_fWY_Â&#x152;d Z[ kd Y[dj[dWh Z[ Yecf[j_Zeh[i$ 7iÂ&#x2021; be ^WY[ fh[l[h bWi Yecf[j[dY_Wi Z[ WÂ&#x2039;ei Wdj[h_eh[i$

(#, 1.2ĹŠ"#ĹŠ+ ĹŠ .+(!~ ĹŠ"#34Äą 5(#1.-ĹŠ ĹŠ '.--8ĹŠ -(#+ĹŠ Ä&#x201C;Ä&#x201D;ĹŠ"#ĹŠ Ä&#x2030;Ä&#x2019;ĹŠ Â .2Ä&#x201C;ĹŠ 23;ĹŠ !42 ".ĹŠ"#ĹŠ(-Äą Ä&#x203A;ĹŠ7o[h Y[hYW Z[ bWi &.0&&" `kdje W bW Kd_l[hi_ZWZ BW_YW ;beo 7b\Whe Z[ CWdjW" bW Feb_YÂ&#x2021;W be]hÂ&#x152; bW YWfjkhW Z[ kde Z[ bei _cfb_YWZei [d [b ikfk[ije YWie Z[ _dj[dje Z[ ieXehde Wb Z_h[Y# jeh jÂ&#x192;Yd_Ye Z[b ?cXWXkhW I9$" 9_fh_Wde LWb[djÂ&#x2021;d$ xb fkie bW Z[dkdY_W Wdj[ bW <_iYWbÂ&#x2021;W o Yed [bbe i[ WXh_Â&#x152; kd [nf[Z_[dj[ fWhW

h[Wb_pWh bWi _dl[ij_]WY_ed[i$ I[]Â&#x2018;d i[ YedeY[" ikfk[ijW# c[dj[ i[ _dj[djÂ&#x152; fW]Wh bW YWdj_# ZWZ Z[ (& c_b ZÂ&#x152;bWh[i Wb [ijhWj[]W fWhW gk[ ik [gk_fe f[hZ_[hW kd fWhj_Ze \h[dj[ Wb [gk_fe Z[b CWd# jW" [b () Z[ del_[cXh[ Z[b (&''$ 1.!#"(,(#-3.ĹŠ ;b Z[j[d_Ze" bb[]Â&#x152; ^WijW bWi _dijW#

bWY_ed[i Z[ bW Feb_YÂ&#x2021;W @kZ_Y_Wb Z[ ?cXWXkhW Wbh[Z[Zeh Z[ bWi '-0&& fWhW h[]_ijhWh iki ZWjei$ Feij[# h_ehc[dj[ \k[ jhWibWZWZe ^WijW [b 9[djhe Z[ :[j[dY_Â&#x152;d Fhel_i_e# dWb Z[ ?XWhhW$ 7bbÂ&#x2021; f[hcWd[Y[h| ^WijW gk[ i[ h[Wb_Y[ bW WkZ_[dY_W [d [b @kp]WZe$ ;b YWie i[ cWd[`Â&#x152; Yed jejWb ^[hc[j_ice$ Feh fWhj[ Z[ bW Feb_YÂ&#x2021;W de i[ [c_j_Â&#x152; d_d]Â&#x2018;d j_fe Z[ Z[YbWhWY_Â&#x152;d Wb h[if[Yje$ >eo i[ Z[iWhhebbWh| bW Wk# Z_[dY_W W bWi &.0)& [d [b @kp]WZe I[]kdZe Z[ =WhWdjÂ&#x2021;Wi F[dWb[i$ =edpWbe ?pW i[h| gk_[d fh[i_ZW bW Z_b_][dY_W$ D[bied 7]k_hh[" fh[i_Z[dj[ Z[ bW 7ieY_WY_Â&#x152;d Fhe#

l_dY_Wb Z[ <Â&#x2018;jXeb" _dZ_YÂ&#x152; gk[ Z[iYedeY[ Z[b j[cW$ Ă&#x2020;7 cÂ&#x2021; c[ Z_# `[hed gk[ b[ jhW`[hed W Wb]k_[d Z[ CWdjW" f[he de i[ dWZW c|i" cWb ^WhÂ&#x2021;W [d [c_j_h Z[YbWhWY_ed[iĂ&#x2021;" cWd_\[ijÂ&#x152; lÂ&#x2021;W j[b[\Â&#x152;d_YW$ IeXh[ bW Yedl[hiWY_Â&#x152;d Yed bW ;YkWje# h_WdW Z[ <Â&#x2018;jXeb" i[Â&#x2039;WbÂ&#x152; gk[ [b YWie WÂ&#x2018;d de i[ ^W l[dj_bWZe o gk[ fei_Xb[c[dj[ [b fhÂ&#x152;n_ce cWhj[i i[ h[ik[blW [ij[ j[cW$ ?dZ_YÂ&#x152; gk[ ik ^[hcWde Bk_i 7]k_hh[" fh[i_Z[dj[ Z[b ?cXWXk# hW" i[ [dYk[djhW \k[hW Z[ bW Y_k# ZWZ" [if[YÂ&#x2021;Ă&#x2019; YWc[dj[ [d 8e]ej| Ă&#x201E;9ebecX_W$

+ĹŠ 4(3.ĹŠ31 -04(+.ĹŠ#-ĹŠ 11 BW fh[fWhWY_Â&#x152;d Z[b :[fehj_le Gk_je i_]k[ Z[ cWd[hW deh# cWb [d bW 9_kZWZ 8bWdYW$ ;b h[Yehh_Ze ^WX_jkWb _d_Y_W [d [b ]_cdWi_e Eb_cfe Z[iZ[ bWi &.0&&$ :khWdj[ kdW ^ehW :_[# ]e Hekii[" fh[fWhWZeh \Â&#x2021;i_Ye" i[ [dYWh]W Z[ \ehjWb[Y[h W bei Z[fehj_ijWi$ ;i[ jhWXW`e Yedj_# dÂ&#x2018;W Z[ &/0)& W ''0)& [d bW f_i# jW Z[b [ijWZ_e EbÂ&#x2021;cf_Ye$ 7 bWi ',0&&" [d bW YWdY^W Z[b Yeb[]_e J[eZehe =Â&#x152;c[p" 9Whbei ?iY^_W" Z_h[Yjeh jÂ&#x192;Yd_Ye" h[Wb_pW jhWXW`e Z[ YWcfe$ 7Â&#x2018;d de i[ [ijWXb[Y[ jÂ&#x192;Yd_YWi d_ [ijhWj[# ]_Wi" f[he i[ fk[Z[ eXi[hlWh [d WYY_Â&#x152;d W Ă&#x2019; ]khWi Yece =_e# lWdd_ ;if_depW" MWbZ[cWh 7YeijW" @W_c[ ?l|d AWl_[Z[i" [djh[ ejhei$ Bei _cXWXkh[Â&#x2039;ei Bk_i 9ed]e" xZ_ied L[]W" M_b#

Ä&#x201C;ĹŠ -ĹŠ+ ĹŠ! -!' ĹŠ"#+ĹŠ!.+#%(.ĹŠ #.".1.ĹŠ ¢,#9Ä&#x201D;ĹŠ+.2ĹŠÄ&#x160;Ä?ĹŠ$43 .+(23 2ĹŠ 1# +(9 -ĹŠ24ĹŠ/1;!3(! ĹŠ"( 1( Ä&#x201C;ĹŠ

ied o CWkh_Y_e <ebb[Ye" Z_i\hk# jWd [d ik c_icW YWiW$ >eo [b jhWXW`e i[h| i_c_bWh$ BW Â&#x2018;d_YW Z_\[h[dY_W [i gk[ [ijW cWÂ&#x2039;WdW bei ^_dY^Wi" fh[diW Z[fehj_lW o fÂ&#x2018;Xb_Ye WĂ&#x2019; Y_edW# Ze j[dZh|d WYY[ie W bei [djh[# dWc_[djei$ 7Z[c|i" jWb Yece be [ijWXb[Y[ [b Yhede]hWcW Z[ jhWXW`e$ >eo l_[hd[i" jeZei bei i[]k_Zeh[i Z[b [gk_fe feZh|d


āĆ

āăŏ ŏ ŏĂĀāĂ āăŏ ŏ ŏĂĀāĂ

ŏ +. ŏ ġ

Ë

11 -! ũ ăũ#23 ũ$43 .+#1

ēũ -ũ#+ũ#23 "(.ũ"#ũ+ ũ (% ũ #/.13(5 ũ 11( +ũ"#+ũ 41ũ2#ũ(- 4%41 1;ũ, - ũ ũ+ 2ũćĒĖććũ#+ũ ,/#.- 3.ũ"#ũ Ì3 ũ -ũ#+ũ#23 "(.ũ"#ũ+ ũ (% ũ #/.13(5 ũ 11( +ũ"#+ũ 41ũ2#ũ(- 4%41 1;ũ, - ũ ũ+ 2ũćĒĖććũ#+ũ ,/#.- 3.ũ"#ũ Ì3 .+ũ #-(.1ē

ũ (% ũ"#+ũ 41ũ(- 4%41 1;ũ , - ũ ũ+ 2ũćĒĖććũ#+ũ3.1ı -#.ũ"#/.13(5.ũ .ēũĉđēũ : ũě BW B_]W :[fehj_lW 8W#

hh_Wb Z[b Ikh i[h| bW fh_c[hW _di# j_jkY_ d [d _dWk]khWh [b NNL??? 9Wcf[edWje Z[ < jXeb I[d_eh$ BW Wf[hjkhW [ij| fhe]hWcWZW fWhW cW WdW W bWi &/0&& [d ik [ijWZ_e" kX_YWZe [d bW Wl[d_ZW Kd_l[hi_jWh_W o YWbb[ 9WoWcX[" [d [b i[Yjeh Z[ bW Kd_l[hi_ZWZ Feb_j Yd_YW ;ijWjWb Z[b 9WhY^_ KF;9 $ 7bb bW B_]W Z[b Ikh o [b Ck# d_Y_f_e Z[ JkbY|d Ò hcWh|d kd Yedl[d_e fWhW [b Zh[dW`[ o [d# Y[ifWZe Z[ bW YWdY^W W [`[YkjWhi[ Z[iZ[ W]eije$ BW _dl[hi_ d i[h| Z[ -& c_b Z bWh[i$

;b WbYWbZ[" @kb_e HeXb[i" jWc# X_ d [djh[]Wh| bW \WY^WZW o bW dk[lW YkX_[hjW Z[b [iY[dWh_e Z[# fehj_le gk[ jkle kd Yeije Y[hYW# de W bei '& c_b Z bWh[i$ >WijW Wo[h [ijWXWd h[]_ijhW# Zei (, [gk_fei [d bWi Zei i[h_[i0 '+ [d bW 7 o '' [d bW 8$ BWi _di# Yh_fY_ed[i jeZWl W [ijWh|d WX_[h# jWi ^WijW ^eo W bWi ('0&& [d bW i[Z[ ieY_Wb Z[ bW B_]W Z[b Ikh$ Bei fWhj_Zei i[ `k]Wh|d Z[iZ[ [b fh n_ce i|XWZe [d bei [ijW# Z_ei Z[ bW B_]W Ikh o Z[b 8WjWbb d CWoeh =Wbe Ceb_dW$ ;d [b Y[hjW# c[d fWhj_Y_fWh| kd [gk_fe Z[ bW kd_ZWZ c_b_jWh bbWcWZe IebZWZei

!3.ũ% + -3# ŗũũ - ũ ũ+ 2ũĈĒĖĊćũ3 , (_-ũ2#ũ1# +(9 1;ũ#+ũ !3.ũ2.+#,-#ũ"#ũ#+#!!(¢-ũ8ũ!.1.ı - !(¢-ũ"#ũ+ ũ 13 ēũ (% ũ #/.13(5 ũ 11( +ũ"#+ũ 41ũ#-ũ#+ũ2 +¢-ũ,;7(,.ũ"#+ũ 4-(!(/(.ũ "#ũ 4+!;-ē 13(!(/ 1;-ũ3." 2ũ+ 2ũ, "1(- 2ũ04#ũ(-3#15(-(#1.-ũ#-ũ#+ũ"#2ăũ+#ũ(- 4%41 +ēũ 1;ũ+ ũ/1#2#-3 !(¢-ũ"#ũ 13(23 2ũ"#ũ+ ũ+.! +(" "ē 23 1;-ũ/1#2#-3#2ũ+ 2ũ/1(-!(/ +#2ũ 43.1(" "#2ũ"#+ũ"#/.13#ũ 11( +Ĕũ 2~ũ!.,.ũ#+ũ +! +"#Ĕũ 4+(.ũ . +#2Ĕũ8ũ.31.2ũ(-5(3 ".2ē

Z[ 9h_ije$ Bei Zec_d]ei jWcX_ d ^WXh| `k[]ei$ ;b Yed]h[i_bbe j Yd_Ye i[ h[W# b_pWh| [b c_ hYeb[i '. Z[ [d[he W bWi '/0&& [d bW i[Z[ Z[ bW _dij_jk# Y_ d Z[fehj_lW fWhW ^WXbWh Z[ bW ceZWb_ZWZ o fh[c_WY_ d$ BW fhefk[ijW [i `k]Wh jeZei YedjhW jeZei o [ij_ckbWh [Ye# d c_YWc[dj[ W bei [gk_fei gk[ eYkf[d bei YkWjhe fh_c[hei bk# ]Wh[i" i[] d [b fh[i_Z[dj[ Z[ bW B_]W Z[b Ikh" @eh][ CWhj d[p$

04(/.2ũ 2#ũ +(23 -ũ / 1 ũ !#13 ,#-

ŗũũũ

: ũěũBW fh_c[hW i[cW# dW i[ cWhpe i[ h[Wb_pWh| [b 9Wcf[edWje ?dj[hYeb[]_Wb Z[ 7jb[j_ice [d bWi YWj[]eh Wi _d\[h_eh" c[Z_W o ikf[h_eh$ BW _dWk]khWY_ d i[h| W bWi &/0&& [d [b [ijWZ_e Eb c# f_Ye Z[ JkbY|d$ I[ [if[hW bW fWhj_Y_fWY_ d Z[ feh be c[dei (& _dij_jkY_ed[i [ZkYWj_# lWi" i[] d [b fh[i_Z[dj[ Z[ bW <[Z[hWY_ d :[fehj_lW ;ijkZ_Wdj_b Z[b 9WhY^_" CWhY[b 9[lWbbei$ Bei fhe\[ieh[i Z[ 9kbjkhW < # i_YW [djh[dWd W bei Z[fehj_ijWi gk[ [ijWh|d fh[i[dj[i [d bWi fhk[XWi Z[ f_ijW o YWcfe$

#"#ũ- !(.- +

ŗũũũ

: ũěũ9WhY^_ i[h| i[Z[ Z[ Zei YWcf[edWjei dWY_edWb[i XWhh_Wb[i0 [b Z[b XWbedY[ije \[c[d_de WX_[hje W h[Wb_pWhi[ Z[b (- Wb (/ Z[ WXh_b o Z[b j[d_i Z[ c[iW [d lWhed[i o ZWcWi WX_[hje W [\[YjkWhi[ Z[b (* Wb (, Z[ W]eije$ 7i YedijW [d [b Yhede]hWcW Z[ WYj_l_ZWZ[i Z[ bW <[Z[# hWY_ d DWY_edWb Z[ B_]Wi :[fehj_lWi o FWhhegk_Wb[i Z[b ;YkWZeh <[Z[dWb_]Wi $ BW Z_h_][dY_W YWhY^[di[" fh[# i_Z_ZW feh HeX[hje ;dh gk[p" oW i[ ck[l[ fWhW gk[ jeZe iWb]W X_[d$

&2175$/25Ì$ *(1(5$/ '(/ (67$'2 &2192&$725,$

: ũ ě ?d_Y_Wbc[dj[ [ijWXWd

_diYh_jei (( [gk_fei fWhW [b L?? 9Wcf[edWje Z[ ?dZeh\ jXeb ?d\Wdj_b [d bWi YWj[]eh Wi ikX ." ikX '& o ikX '( Z[b XWhh_e ;b JW`WcWh" f[he ^WijW Wo[h Wk# c[dj W (,$ ;d [b Yed]h[i_bbe j Yd_Ye gk[ i[ h[Wb_pWXW W bWi '.0)& i[ Z[Ò # d W [b d c[he Z[ YbkX[i [ _di# j_jkY_ed[i fWhj_Y_fWdj[i" i[] d [b fh[i_Z[dj[" @kWd B f[p$ BW _dWk]khWY_ d Z[b jehd[e i[h| [b i|XWZe (' Z[ [d[he W bWi '+0&& [d [b feb_Z[fehj_le Z[b XWhh_e ;b JW`WcWh Yed bei [gk_#

;d bW fh_c[hW \Wi[ XW`Wh|d jh[i o WiY[dZ[h|d jh[i$ ;b c_ice i_ij[cW i[ Wfb_YWh| [d bW i[]kdZW [jWfW$ ;b YWcf[ d Z[b W e fWiWZe \k[ [b YbkX A[dd[Zo gk[ jhWjWh| Z[ hWj_Ò YWh [b j jkbe" Wkdgk[ ^W# Xh| ejhei [gk_fei" Yece [b 9[dj[# dWh_e gk[ j_[d[ [b cWoeh d c[he Z[ [ijh[bbWi '+ o Zei _dj[hb_]Wi$ Ejhei gk[ Z[ijWYWd ied [b FWjh_W" L[bejWn" '' Z[ 7Xh_b" BWj_dei o 9[dj[dWh_e @h$

-3#1!.+#%( +

ēũ .2ũ-( .2ũ"#ũ"($#1#-3#2ũ/ 13#2ũ"#ũ 4+!;-ũ/ 13(!(/ 1;-ũ#-ũ#+ũ3.1-#.ũ "#ũ(-".1$Ì3 .+ũ"#+ũ 11(.ũ +ũ ) , 1ē

fei gk[ [ij d h[]_ijhWZei$ BW eXb_]WY_ d [i fWhj_Y_fWh Yed kdW cWZh_dW d_ W $ Bei fWhj_Zei i[ Z_ifkjWh|d

bei l_[hd[i Z[iZ[ bWi '-0&&$ ;d YWcX_e" bei i|XWZei o Ze# c_d]ei bW `ehdWZW [cf[pWh| W bWi '+0&&$

'H FRQIRUPLGDG FRQ OR TXH GLVSRQHQ ORV DUWtFXORV GH OD /H\ 2UJiQLFD GH OD &RQWUDORUtD *HQHUDO GHO (VWDGR \ GH VX 5HJODPHQWR SRU GHVFRQRFHU VXV GRPLFLOLRV DFWXDOHV VH FRQYRFD D ORV VHxRUHV 'RFWRU *XVWDYR (XJHQLR 6DFRWR 8OODUWH FpGXOD GH FLXGDGDQtD 'LUHFWRU GHO ÈUHD SHUtRGR GH DJRVWR GH DO GH IHEUHUR GH \ (GXDUGR 2FWDYLR 1iMHUD 0RQWXIDU FpGXOD GH FLXGDGDQtD &RQWUDWLVWD D OD FRQIHUHQFLD ILQDO GH FRPXQLFDFLyQ GH UHVXOWDGRV PHGLDQWH OD OHFWXUD GHO ERUUDGRU GH LQIRUPH GHO H[DPHQ HVSHFLDO SUDFWLFDGR SRU OD 'HOHJDFLyQ 3URYLQFLDO GHO &DUFKL GH OD &RQWUDORUtD *HQHUDO GHO (VWDGR DO SURFHVR GH 5HFDXGDFLyQ \ 'HSyVLWR GH ORV ,QJUHVRV *DVWRV ,QYHUVLRQHV HQ ([LVWHQFLDV \ %LHQHV GH $GPLQLVWUDFLyQ GHO ÈUHD (O ÈQJHO SRU HO SHUtRGR FRPSUHQGLGR HQWUH HO GH HQHUR GH \ HO GH VHSWLHPEUH GH /D GLOLJHQFLD VH OOHYDUi D FDER HQ HO 6DOyQ $XGLWRULR GHO ÈUHD XELFDGR HQ XELFDGR HQ OD DYHQLGD -RVp %HQLJQR *ULMDOYD \ DQWLJXD 3DQDPHULFDQD HO GtD OXQHV GH HQHUR GH D ODV KRUDV

& 3 $ 1L[RQ /DVWUD &DOGHUyQ 0JV '(/(*$'2 3529,1&,$/ &$5&+,

/S $W


Ĺ? Ĺ?

Ĺ?

7 7 Ä Ä&#x2021; 0%!),+ (! 01. Ä Ä&#x2020;Ĺ?)%*Ä&#x2039;

Ĺ?Ä Ä&#x192;Ĺ? Ĺ? Ĺ?Ä&#x201A;Ä&#x20AC;Ä Ä&#x201A; Ĺ?Ä Ä&#x192;Ĺ? Ĺ? Ĺ?Ä&#x201A;Ä&#x20AC;Ä Ä&#x201A;

Ĺ? +. Ĺ? ÄĄ

.-31.+ĹŠ"#ĹŠ/1#!(.2

Ĺ&#x2014;ĹŠĹŠĹŠ

: ĹŠÄ&#x203A;ĹŠ;b Yedjheb fWhW [l_jWh gk[ i[ _dYh[c[dj[ [nW][hWZWc[dj[ bei fh[Y_ei Z[ b_Yeh[i o Y_]Whh_bbei i[ [\[YjÂ&#x2018;Wd Z[iZ[ [b WÂ&#x2039;e fWiWZe$ BW ?dj[dZ[dY_W Z[b 9WhY^_" Ye# c_iWhÂ&#x2021;Wi dWY_edWb[i [d bei i[_i YWdjed[i o Feb_YÂ&#x2021;W DWY_edWb" ^WY[d bei ef[hWj_lei iehfh[iW$ 7 [ije i[ ikcW Yedjheb[i h_]kheiei [d bW \hedj[hW Yed bW Ă&#x2019;dWb_ZWZ Z[ _cf[Z_h gk[ _d]h[i[ b_Yeh[i WZkbj[hWZei Wb fWÂ&#x2021;i" Yece i[ YedeY[" [d 9e# becX_W feh lWh_Wi eYWi_ed[i i[ _dYWkjÂ&#x152; Xej[bbWi Z[ kd jhW]e [YkWjeh_Wde gk[ i[ XkiYWXW WZkbj[hWhbe o Yed [ijW WbpW i[ feZhÂ&#x2021;W ZWh [b _bÂ&#x2021;Y_je$

4#5 Ŋ"(1#!!(¢-

Ĺ&#x2014;ĹŠĹŠĹŠ

: ĹŠÄ&#x203A;ĹŠ9ed [b Ă&#x2019;d Z[ WokZWh W _cfkbiWh [b Z[iW# hhebbe beYWb o W ik l[p ZWh kdW cWde W bei ]eX_[hdei beYWb[i W jhWlÂ&#x192;i Z[ bW fheceY_Â&#x152;d Z[ iki WjhWYj_lei jkhÂ&#x2021;ij_Yei" [b C_d_ij[h_e Z[ Jkh_ice Yh[Â&#x152; kdW :_h[YY_Â&#x152;d Fhel_dY_Wb [d 9WhY^_$ BW [dj_ZWZ [ij| W YWh]e Z[ @eiÂ&#x192; DWhWd]e o i[h| _dWk]khWZW [d bei fhÂ&#x152;n_cei ZÂ&#x2021;Wi$ ;b fh_c[h h[je i[h| fh[fWhWh W bei ckd_Y_f_ei o Fh[\[YjkhW fWhW bW <[h_W Z[ Jkh_ice ?dj[hdWY_edWb$

Ä&#x201C;ĹŠ .2ĹŠ31 ).2ĹŠ"#ĹŠ1#!4/#1 !(¢-ĹŠ"#+ĹŠ3# 31.ĹŠ #, 1(#ĹŠ(-(!( 1.-ĹŠ"#2"#ĹŠ#23#ĹŠ,#2Ä&#x201C;ĹŠ ĹŠ. 1 ĹŠ" 1;ĹŠ1# +!#ĹŠ8ĹŠ1#!4/#1 1;ĹŠ4-ĹŠ#2/ !(.ĹŠ!4+341 +ĹŠ04#ĹŠ,4!' ĹŠ$ +3 ĹŠ+#ĹŠ' !#ĹŠ ĹŠ 4+!;-Ä&#x201C;

(Ĺ&#x2039; /- Ĺ&#x2039; Ĺ&#x2039;& Ĺ&#x2039;, /* , #Â&#x161;(Ĺ&#x2039; Ĺ&#x2039;/(Ĺ&#x2039;# )()Ĺ&#x2039; /&./, &Ĺ&#x2039;./& ( Â&#x2DC;) ĹŠ/1(-!(/(.2ĹŠ"#ĹŠ #-#1.ĹŠ!.,#-9¢Ŋ #+ĹŠ/1.!#2.ĹŠ/ 1 ĹŠ 1#!4/#1 1ĹŠ#+ĹŠ 3# 31.ĹŠ #, 1(#Ä&#x201C;ĹŠĹŠĹŠĹŠĹŠĹŠ

: ĹŠÄ&#x203A;ĹŠ Bk[]e Z[ '+ c[i[i Z[ bW

WZgk_i_Y_Â&#x152;d Z[b j[Wjhe B[cWh_[" i[ _d_Y_Â&#x152; Yed [b fheY[ie Z[ bW h[# Ykf[hWY_Â&#x152;d fWjh_ced_Wb$

&2175$/25Ă&#x152;$ *(1(5$/ '(/ (67$'2 &2192&$725,$

Bei jhWXW`ei Z[ h[WZ[YkWY_Â&#x152;d fheY[iei Z[ [nfhef_WY_Â&#x152;d" bW Z[ kdW fbWjW\ehcW Yed [b Ă&#x2019;d Z[ Z[ [ijW eXhW Whgk_j[YjÂ&#x152;d_YW gk[ ckd_Y_fWb_ZWZ YWdY[bÂ&#x152; '.& c_b Xh_dZWh i[]kh_ZWZ W bei jhWXW`W# ZWjW Z[ '/), _d_Y_Whed bei fh_c[# ZÂ&#x152;bWh[i feh [b _dck[Xb[$ JÂ&#x192;Yd_# Zeh[i o WiÂ&#x2021; feZ[h h[j_hWh bW [i# jhkYjkhW Z[ cWZ[hW o [b hei ZÂ&#x2021;Wi Z[ [d[he$ ;b Ckd_Y_f_e Yei Z[b ?DF9" h[Wb_pWhed Z[ JkbY|d o [b ?dij_jkje DWY_edWb kdW X_Xb_e]hW\Â&#x2021;W o j_[d[d ĹŠ h[ijWdj[ Z[b j[Y^e gk[ i[ [dYk[djhWd jejWbc[dj[ Z[ FWjh_ced_e 9kbjkhWb ?DF9" i[ bei Wdj[Y[Z[dj[i o fh_dY_# ZWÂ&#x2039;WZei$ f_ei Z[ YÂ&#x152;ce i[ be [dYk[djhWd Wb \h[dj[ Z[b +ĹŠ3# 31.ĹŠ #, 1(#ĹŠ 9WX[ i[Â&#x2039;WbWh gk[ i[ [Z_Ă&#x2019;YÂ&#x152;$ fheY[ie$ !.-3 1;ĹŠ!.-ĹŠ ĹŠ ;b fWiWZe cWh# / +!.ĹŠ8ĹŠ% +#1~ ĹŠ cWdj[dZh| [b Z_i[Â&#x2039;e Ye# ;ij[ fheo[Yje jkle lW# : ĹŠ bed_Wb Z[b j[Wjhe B[cWh_[" j[i o c_Â&#x192;hYeb[i bei #-, 1! ".2ĹŠ#-ĹŠ h_ei jhef_[pei" i[ _d]h[iÂ&#x152; ĹŠ(-%1#2 1ĹŠ + 4- ĹŠ#2314!341 ĹŠ ĹŠ3# 31. !.-ĹŠ/1#".,(-(.ĹŠ W [bbe i[ ikcWh| [b[c[d# eXh[hei ckd_Y_fW# bW WZ`kZ_YWY_Â&#x152;d Z[ bW eXhW

#, 1(#Ä&#x201C; "#+ĹŠ#23(+.ĹŠ-#.!Äą b[i [\[YjkWhed [b +;2(!.ĹŠ 11.!.ĹŠ jei ceZ[hdei fWhW Yed# feh Zei eYWi_ed[i [d [b (- ".ĹŠ!.-ĹŠ `k]Whbei$ fheY[ie Z[ Z[iWbe# !., fehjWb Z[ YecfhWi fÂ&#x2018;Xb_# 4-ĹŠ,."#+.ĹŠ!.-Äą :[djhe Z[ be fbWd_Ă&#x2019;# YWi$ Bei b_Y_jWdj[i de YkcfbÂ&#x2021;Wd `e Z[ [iYecXhei o cWj[# 3#,/.1;-#.Ä&#x201C; YWZe i[ _cfb[c[djWh| bei h[gk[h_c_[djei fWhW h_Wb[i Yece [b YWhh_pe gk[ [gk_fei j[YdebÂ&#x152;]_Yei Z[ [\[YjkWh bW h[YedijhkYY_Â&#x152;d \k[hed h[j_hWZei Z[b j[Y^e Z[ bW [Z_Ă&#x2019;YWY_Â&#x152;d fWjh_ce# o ejhei i[Yjeh[i Z[b [Z_Ă&#x2019;Y_e gk[ fkdjW bei YkWb[i i[h|d _cfehjW# d_Wb" oW gk[ [b fheY[iei [i i[ [dYedjhWXWd [d cWb [ijWZe$ Zei fWhW ZWh kdW [nY[b[dj[ _cW# 7b j[hc_dWh [ijei jhWXW`ei" i[ ][d o WYÂ&#x2018;ij_YW W bei fh[i[dj[i [d Yecfb_YWZe$ ;d [b (&'& jhWi kd bWh]e Yedj_dkWh| Yed bW YedijhkYY_Â&#x152;d YWZW \kdY_Â&#x152;d$

Ä&#x152;Ä&#x2030;Ä&#x17D;

# ! (Ĺ&#x2039;#'*/!( #Â&#x161;(Ĺ&#x2039; 'H FRQIRUPLGDG FRQ OR TXH GLVSRQHQ ORV DUWtFXORV GH OD /H\ 2UJiQLFD GH OD &RQWUDORUtD *HQHUDO GHO (VWDGR \ GH VX 5HJODPHQWR SRU GHVFRQRFHU VXV GRPLFLOLRV DFWXDOHV VH FRQYRFD D ORV VHxRUHV %HQDYLGHV 9DOOHMR *XLOOHUPR 5RVDOLQR FpGXOD GH FLXGDGDQtD 'HSRVLWDULR -XGLFLDO GHO SHUtRGR GH VHSWLHPEUH GH DO GH QRYLHPEUH GH \ 3HSLQRVD 2UHMXHOD %ODQFD *UDFLHOD FpGXOD GH FLXGDGDQtD $FWRUD GHO -XLFLR GH ,QYHQWDULRV D OD FRQIHUHQFLD ILQDO GH FRPXQLFDFLyQ GH UHVXOWDGRV PHGLDQWH OD OHFWXUD GHO ERUUDGRU GH LQIRUPH GHO H[DPHQ HVSHFLDO SUDFWLFDGR SRU OD 'HOHJDFLyQ 3URYLQFLDO GHO &DUFKL GH OD &RQWUDORUtD *HQHUDO GHO (VWDGR D ORV ELHQHV TXH IXHURQ VHFXHVWUDGRV \ HQWUHJDGRV D OD FXVWRGLD GHO 'HSRVLWDULR -XGLFLDO GHQWUR GHO MXLFLR GH LQYHQWDULRV 1R GH OD 'LUHFFLyQ 3URYLQFLDO GHO &RQVHMR GH OD -XGLFDWXUD &DUFKL SRU HO SHUtRGR FRPSUHQGLGR HQWUH HO GH HQHUR GH \ HO GH RFWXEUH GH 'LOLJHQFLD TXH VH UHDOL]DUi HO GtD OXQHV GH HQHUR GH D ODV K HQ OD RILFLQD GH OD 'LUHFFLyQ 3URYLQFLDO GHO &RQVHMR GH OD -XGLFDWXUD XELFDGD HQ HO VHJXQGR SLVR GHO HGLILFLR GH OD &RUWH 3URYLQFLDO GH -XVWLFLD GH OD FLXGDG GH 7XOFiQ HQ OD FDOOH 5DIDHO $UHOODQR \ 3DQDPi

& 3 $ 1L[RQ /DVWUD &DOGHUyQ 0JV '(/(*$'2 3529,1&,$/ &$5&+,

/S $W

: ĹŠÄ&#x203A;ĹŠ 7o[h bb[]Â&#x152; [b h[ikbjW# Ze Z[ bW _cfk]dWY_Â&#x152;d gk[ h[W# b_pWhed bei '( fh[i_Z[dj[i Z[ bWi @kdjWi FWhhegk_Wb[i gk[ de ied Z[ 7b_WdpW F7?I o Z_[hed W YedeY[h ik Z[iYedj[dje feh bW [b[YY_Â&#x152;d Z[ Yedi[`[hei hkhWb[i$ ;ij[ h[YbWce \k[ Z_h_]_Ze Wb Jh_XkdWb 9edj[dY_eiei ;b[Yje# hWb" _dij_jkY_Â&#x152;d gk[ Z[Y_Z_Â&#x152; d[# ]Wh [b f[Z_Ze$ BW Z[dkdY_W ZWXW W Yede# Y[h gk[ i[ l_ebÂ&#x152; bWi Z_ifei_Y_e# d[i Yedij_jkY_edWb[i o b[]Wb[i fk[ije gk[ bei YWdZ_ZWjei gk[ ^WXÂ&#x2021;Wd fhefk[ije YkcfbÂ&#x2021;Wd be gk[ _dZ_YW [b 9Â&#x152;Z_]e Eh]|d_Ye Z[ EhZ[dWc_[dje J[hh_jeh_Wb 7kjedecÂ&#x2021;W o :[iY[djhWb_pW# Y_Â&#x152;d 9eejWZ" Yece fh_dY_f_ei Z[ j[hh_jeh_Wb_ZWZ" fWh_ZWZ Z[

]Â&#x192;d[he [ _dj[hYkbjkhWb_ZWZ$ I[]Â&#x2018;d [b ZeYkc[dje ZedZ[ de i[ ZW fWie Wb f[Z_Ze" bWi \kd# Y_ed[i Wjh_Xk_ZWi Wb Jh_XkdWb [i Ă&#x2020;9edeY[h o h[iebl[h bei h[Ykh# iei [b[YjehWb[i YedjhW bei WYjei Z[b 9edi[`e DWY_edWb ;b[YjehWb o Z[ bei eh]Wd_icei Z[iYedY[d# jhWZei" o bei Wikdjei b_j_]_eiei Z[ bWi eh]Wd_pWY_ed[i febÂ&#x2021;j_YWi$ IWdY_edWh feh _dYkcfb_# c_[dje Z[ bWi dehcWi ieXh[ \_dWdY_Wc_[dje" fhefW]WdZW" ]Wije [b[YjehWb o [d ][d[hWb feh lkbd[hWY_Â&#x152;d Z[ dehcWi [b[Y# jehWb[iĂ&#x2021;" Wjh_XkY_ed[i Yecfb[# c[djWZWi Yed Wgk[bbWi [ij_fk# bWZWi [d [b WhjÂ&#x2021;Ykbe -& Z[ bW B[o Eh]|d_YW ;b[YjehWb$ 7Z[c|i gk[ [d bW 9edij_jk# Y_Â&#x152;d i[ [ijWXb[Y[ [nfh[iWc[d#

Ä&#x201C;ĹŠ 8#1ĹŠ2#ĹŠ"(.ĹŠ ĹŠ!.-.!#1ĹŠ#+ĹŠ 1#24+3 ".ĹŠ"#ĹŠ+ ĹŠ(,/4%- !(¢-Ä&#x201C;ĹŠ

j[ Wb eh]Wd_ice W ZedZ[ i[ Z[X[ h[c_j_h bWi gk[`Wi [d fh_c[hW _dijWdY_W o [ijWi i[Wd h[ik[bjWi" feh jWb hWpÂ&#x152;d de WZc_j[ W jh|c_j[ bW _cfk]dWY_Â&#x152;d" o Z[`W W bei f[# j_Y_edWh_ei [`[hY[h bei Z[h[Y^ei gk[ Yh[Wd Wi_ij_Zei Wdj[ bei Â&#x152;h# ]Wdei Yecf[j[dj[i$ 7Z[c|i gk[ bW h[iebkY_Â&#x152;d i[W [djh[]WZW W bei Z[cWdZWdj[i feh c[Z_e Z[ bW :[# b[]WY_Â&#x152;d Fhel_dY_Wb ;b[YjehWb Z[b 9WhY^_" Wb de Z[`Wh kd Zec_Y_b_e ZedZ[ i[ bei fk[ZW kX_YWh$


:

āĈ

āăŏ ŏ ŏĂĀāĂ āăŏ ŏ ŏĂĀāĂ

ŏ +.

ŏ +. ŏ ġ ŏ ġ

'*/&-)ŋ &ŋ - ,,)&&)

ēũ 41 -3#ũ!4 31.ũ2#, - 2ũ2#ũ"#2,.-3 1;ũ#+ũ -3(%4.ũ! , +ũ,4-(!(/ +ēũ ũ#-31¢ũ#-ũ$4-!(.- ,(#-3.ũ#+ũ-4#5.ũ! , +ũ,4-(!(/ +ē

(# # ŋ &ŋ -')(. $ ŋ &ŋ (.#!/)ŋ ' &ŋ'/(# #* &

.2ũ31 ).2ũ3#-"1;-ũ4- ũ"41 !(¢-ũ"#ũ !4 31.ũ2#, - 2ũ /1.7(, " ,#-3#ēũ ,/#9¢ũ#+ũ/ 2 ".ũ5(#1-#2ēũ YWX[ i[ WbWh gk[ [b Fh_c[h F[h# \kdY_edWc_[dje" [b l_[hd[i fW# ied[he Z[ JkbY|d" @kb_e HeXb[i iWZe i[ Z_e _d_Y_e Yed [b Z[iced# [d kdW [djh[l_ijW Wdj[h_eh i[ W# b gk[ bW C_d_ijhW Z[b C?# jW`[ Z[b Wdj_]ke YWcWb ck# FHE c[Z_Wdj[ kd eÒ Y_e d_Y_fWb$ ^_pe [b f[Z_Ze Wb 9WX_bZe ;ij[ fheY[ie Wd^[bWZe fWhW h[jhWiWh bW _dWk]k# feh bW Yeckd_ZWZ kd_l[h# ũ2#ũ$ #-¢ũ#+ũ / 2 ".ũ hWY_ d" Yece de i[ Z_e W i_jWh_W" i[ be [cf[p jhWi 2; ".ē YedeY[h gk[ \[Y^W i[h W" lWh_ei c[i[i Z[ e\h[Y_# bei jhWXW`ei Yec[dpW# c_[djei ckd_Y_fWb[i Z[ h[kX_YWY_ d$ 7Z[c|i [b dk[le hed$ I[ j_[d[ fh[l_ije gk[ bei jhW# Y[djhe Z[ \W[dWc_[dje oW [c# f[p W jhWXW`Wh Z[iZ[ [ij[ bkd[i" XW`ei Ykbc_d[d [d YkWjhe c[i[i$ : ũ ě Bk[]e Z[ (- W ei [d

Čć

.-5#-(.2 ŗũũ Ì-ũ2#ũ#-!4#-31 ũ#-ũ#234"(.ũ2(ũ#+ũ-4#5.ũ!#-31.ũ"#ũ$ #- ,(#-3.ũ/1#23 1;ũ2#15(ı !(.ũ/ 1 ũ+ ũ!(4" " -~ ũ#-ũ /( +#2ēũ 1#ũ#++.ũ2#ũ3(#-#ũ04#ũ1# +(9 1ũ+#8#2ũ (- !(.- +#2ũ 04#ũ/#1,(3 -ũ1# +(9 1ũ#23#ũ/1.!#2.ēũũũ

7b cec[dje i[ Z[iWhc bei YehhWb[i o l_]Wi c[j|b_YWi c_icei gk[ i[h|d h[WZ[# YkWZWi fWhW i[h kj_b_pWZWi [d [b YWcWb Z[ bW fWhhegk_W Z[ 9^_YWb$ :[djhe Z[ be fbWd_Ò YWZe [b dk[le VcWjWZ[he 1 i[h| h[]_edWb" Wb cec[dje Yk[d# jWd Yed kd i be j[hcegk d fWhW jeZei bei Y|hd_Yei gk[ iWb[d Z[b Y[djhe o W d \WbjW

ũ

ũ, 04(- 1( ũ 04#ũ3(#-#ũ#+ũ -4#5.ũ!#-31.ũ /4#"#ũ$ #- 1ũďćũ 1#2#2ũ/.1ũ'.1 Ĕũ #23.ũ/#1,(3#ũ04#ũ 2#ũ' +#ũ/ 1 ũ 04#ũ/1#23#ũ4-ũ 2#15(!(.ũ (- !(.ı - +ē

ũ ũ ũ ũ

ũ ũ ũ

1, !( 2ũ"#ũ341-.

¡ ũ ũ ũ ũ ũũũũũ ŢŴŴ $.Ŵ", 2/Ŵ$,ŴŴ4)0/Ŵ#$Ŵ$8 -$.ġŴī $2<Ŵ/2 ,ğŴ$3"2)ļ 4/ğŴ02<"4)"/ğŴ4$­2)"/Ŵ/Ŵ$3"/&$.") Ŵ-×,4)0,$ĪŴŴŴ ŢŴ $0 3 Ŵ,/3Ŵ$8<-$.$3Ŵ .4$2)/2$3ĞŴ ,,/Ŵ4$Ŵ #)2<Ŵ5. Ŵ)#$ Ŵ#$,Ŵ$34),/Ŵ#$Ŵ02$&5.4 3Ŵ#$Ŵ" # Ŵ 02/%$3/2Ğ ŢŴ 2$34 Ŵ 4$.")­.Ŵ Ŵ, 3Ŵ", 3$3Ŵ02$6) 3Ŵ ,Ŵ$8 -$.ğŴ 05$3Ŵ3$Ŵ35$,$.Ŵ( "$2Ŵ2$0 3/3Ŵ9Ŵ$*$2")")/3Ŵ15$Ŵ 4)$.$.Ŵ15$Ŵ6$2Ŵ"/.Ŵ,/Ŵ15$Ŵ3$Ŵ02$&5.4 2<Ğ ŢŴ /Ŵ15$Ŵ$,Ŵ02/%$3/2Ŵ- 2" Ŵ"/-/Ŵİ)-0/24 .4$ıŴ $3Ŵ" 3)Ŵ3)$-02$Ŵ4$- Ŵ#$Ŵ$8 -$.Ğ ŢŴ - &). Ŵ3$2Ŵ45ŴŴ02/0)/Ŵ02/%$3/2ğŴ2$30/.#)$.ļ #/Ŵ,/Ŵ15$Ŵ"2$ 3Ŵ15$Ŵj,Ŵ4$Ŵ02$&5.4 2<Ğ ŢŴ 2 4 Ŵ#$Ŵ,,$& 2Ŵ"/.Ŵ5. Ŵ "4)45#Ŵ3$2$. Ŵ Ŵ, Ŵ 025$! ĞŴ $Ŵ,/3Ŵ.$26)/3Ŵ./Ŵ3 " 3Ŵ. # Ŵ9Ŵ0/2Ŵ$,Ŵ "/.42 2)/Ŵ4$Ŵ05$#$3Ŵ#$3"/."$.42 2Ğ ŢŴ .4$.4 Ŵ2$30/.#$2Ŵ4/# 3Ŵ, 3Ŵ02$&5.4 3ĞŴ

3 Ŵ$34j3Ŵ).3$&52/Ŵ$.Ŵ ,&5. 3Ŵ2$305$34 3ğŴ 2$"5$2# Ŵ15$Ŵ,/3Ŵ"/./")-)$.4/3Ŵ$34<.Ŵ,)& ļ #/3Ŵ$.42$Ŵ3 ğŴ9Ŵ05$#$Ŵ3$2Ŵ15$Ŵ 15$,,/Ŵ15$Ŵ./Ŵ 3 !$3Ŵ4)$.$Ŵ2$, ")­.Ŵ"/.Ŵ5.Ŵ4$- Ŵ15$Ŵ"/./"$3Ŵ !)$.ĞŴ )$-02$Ŵ "5#$Ŵ Ŵ45Ŵ3$.4)#/Ŵ"/-×.Ŵ9Ŵ Ŵ 45Ŵ,­&)" Ğ ŢŴŴŴ $&, Ŵ#$Ŵ/2/ġŴ .4$3Ŵ#$Ŵ"/.4$34 2ğŴ 3$&×2 4$Ŵ #$Ŵ( !$2Ŵ"/-02$.#)#/Ŵ!)$.Ŵ, Ŵ02$&5.4 Ğ ŢŴŴ )Ŵ4$Ŵ!,/15$ 3Ŵ"/.Ŵ ,&×.Ŵ05.4/Ŵ$.Ŵ"/."2$ļ 4/ğŴ0 3 Ŵ Ŵ/42/Ŵ4$- ĞŴ /Ŵ0)$2# 3Ŵ#$- 3) #/Ŵ 4)$-0/Ŵ0 2 Ŵ2$30/.#$2Ŵ,/Ŵ15$Ŵ9 Ŵ3 !$3Ğ ŢŴŴ 802$3 Ŵ453Ŵ)#$ 3Ŵ"/.Ŵ", 2)# #Ŵ9Ŵ"/($ļ 2$.") Ğ ŢŴ )Ŵ$,Ŵ$8 -$.Ŵ$3Ŵ/2 ,ğŴ$3Ŵ)-0/24 .4$Ŵ,,$& 2Ŵ !)$.Ŵ02$0 2 #/ğŴ05$3Ŵ, Ŵ)-02/6)3 ")­.Ŵ$3Ŵ5.Ŵ $.$-)&/Ŵ-/24 ,Ŵ$.Ŵ$34 Ŵ", 3$Ŵ#$ŴŴŴ$8<-$.$3ĞŴ

[b Wi\WbjWZe bei _d]h[iei" d[Y[i_ZWZ[i gk[ Z[X[# h|d i[h Yehh[]_ZWi [d [b jhWdiYkhie Z[ [ijWi i[# cWdWi$ BW cWgk_dWh W \kd# Y_edW Yece i[ be j_[d[ fh[l_ije f[he bei ef[# hWZeh[i W d i[ [dYk[d# jhWd WZ_[ijh|dZei[ Yed YWZW \W[dWc_[dje gk[ h[Wb_pWd$

,Ŵ#/-).)/Ŵ#$Ŵ3 Ŵ-)3-/Ŵ9Ŵ, Ŵ3$2$.)# #ğŴ3/.Ŵ ", 6$3ĞŴ /2Ŵ$34/ğŴ ,Ŵ$345#) 2Ŵ0 2 Ŵ$34$Ŵ4)0/Ŵ#$Ŵ 025$! 3ğŴ05$#$Ŵ 95# 2Ŵ0 2 23$Ŵ .4$Ŵ5.Ŵ$30$ļ */ŴŴ9Ŵ$.3 9 2Ŵ, Ŵ0/3452 ğŴ$,Ŵ4)-!2$Ŵ#$Ŵ6/:Ŵ9Ŵ, Ŵ "4)45#Ŵ15$Ŵ$34<3Ŵ2$ďŴ$* .#/Ŵ .4$Ŵ$,Ŵ02/%$3/2ĞŴ ŢŴ 5)# Ŵ45Ŵ02$3$.4 ")­.Ŵ0$23/. ,ġŴ15$Ŵ3$ Ŵ "/22$"4 Ŵ0 2 Ŵ,/3Ŵ$8 -). #/2$3Ŵ9Ŵ"­-/# Ŵ 0 2 Ŵ4)ĞŴ ŢŴ /3Ŵ02)-$2/3Ŵ-).54/3Ŵ3/.Ŵ%5.# -$.4 ,$3ĞŴ -0)$: Ŵ#$3 22/,, .#/Ŵ, Ŵ)#$ Ŵ15$Ŵ-$*/2Ŵ 3 !$3ĞŴ ŢŴ 5$. Ŵ0 24$Ŵ#$Ŵ45Ŵj8)4/Ŵ#$0$.#$Ŵ#$,Ŵ$34),/Ŵ 15$Ŵ54),)"$3ĞŴ /2Ŵ$3/Ŵ%2 3$3Ŵ"/24 3Ŵ9Ŵ02$")3 3Ŵ4$Ŵ 95# 2<.ĞŴ ŢŴ $* Ŵ0 2 Ŵ$,ŴĎŴ. ,Ŵ45Ŵ2$305$34 ŴĬ$342$,, ĭĞŴ ŢŴ $84/Ŵ4/- #/Ŵ#$Ŵ(440ġŀŀ777Ğ, % -),) Ğ).%/

ŋŋŋ ŋŋŋ ą Ąŋŋŋ

ŋŋŋ ŋ Ąŋ Ą ŋąŋüăĀúĚăÿþĄ ŋ ŋŋŋ Ľŋûą ŋŋ ŋŋ u ŋŋŋŋŋŋŋŋŋą üăĂüĚĀûĂĄ ŋŋ Ľŋûŋŋą ŋŋŋŋ ŋŋŋ ąŋŋ üăĂúĚĀăÿĄ ą 5ŋŋ ŋŋ u ą üăĂûĚĂĂþĄ

: ũ ě 9ed [b eX`[j_le Z[ \ehjWb[Y[h bei YedeY_c_[djei o ^WX_b_ZWZ[i [cfh[iWh_Wb[i Z[ bei c_Yhe[cfh[iWh_ei o [cfh[dZ[Zeh[i Z[ bW fWhhe# gk_W Z[ CWbZedWZe o Yh[Wh ][dj[ _ddelWZehW Yed ]hWd# Z[i _Z[Wi Z[ d[]eY_e" [ijk# Z_Wdj[i Z[ Z Y_ce d_l[b Z[ bW [iYk[bW Z[ 7Zc_d_ijhWY_ d Z[ ;cfh[iWi o CWha[j_d]" [b fWiWZe i|XWZe" Z_YjWhed YWfWY_jWY_ed[i j Yd_YWi W bei cehWZeh[i Z[ [ij[ i[Yjeh$ CWhY[be 9W^kWigk " Ze# Y[dj[ YeehZ_dWZeh" _dZ_Y gk[ [b fheo[Yje j_[d[ Yece Ò # dWb_ZWZ bb[]Wh W bei c_Yhe[c# fh[iWh_ei o [cfh[dZ[Zeh[i Z[ bW fWhhegk_W CWbZedWZe" W jhWl i Z[ bWi YWfWY_jWY_ed[i j Yd_YWi ieXh[ j[cWi Yece [cfh[dZ_c_[dje" [bWXehW# Y_ d Z[ FbWd[i Z[ D[]eY_ei" =[ij_ d Z[b CWha[j_d] o jh_# XkjWY_ d" gk[ ied j[cWi Z[ _dj[h i gk[ i[h|d Wfb_YWZei W bW fh|Yj_YW [d bei fheo[Yjei gk[ i[ [ij|d Z[iWhhebbWdZe [d bW pedW$ ;ijW _Z[W ikh][ Z[ bW d[Y[# i_ZWZ Z[ YedjWh Yed [cfh[d# Z[Zeh[i o c_Yhe[cfh[iWh_ei [if[Y_Wb_pWZei" YWfWY[i Z[ Yh[Wh o c[`ehWh iki [cfh[iWi fWhW Yedjh_Xk_h Yed cWoeh[i \k[dj[i Z[ jhWXW`e ][d[hWdZe [cfb[e o WfehjWdZe Wb Z[iW# hhebbe ieY_Wb o [Yed c_Ye Z[ bW fWhhegk_W$ Bei X[d[Ò Y_Wh_ei Z[b fhe# o[Yje ied Wfhen_cWZWc[dj[ (+ [cfh[dZ[Zeh[i" gk_[d[i h[Y_X_[hed Y^WhbWi ieXh[ j[# cWi Yece0 _cfehjWdY_W Z[b [cfh[dZ_c_[dje" YkbjkhW Z[ [cfh[dZ_c_[dje" fh_dY_f_ei fWhW [b Z[iWhhebbe Z[ bW Ykb# jkhW Z[b [cfh[dZ_c_[dje" f[hÒ b Z[b [cfh[dZ[Zeh" [d# jh[ ejhei$

^ ũ ũ ũ Ë

.+(!~ ũ ĒđćıĊČĎ ., #1.2ũ ĒđćıĉĉĒ 149ũ .) ũũũũũũũũũũũũũũũũũũũũũũũũũũũũũĒđćıĈćć -!.ũ"#ũ -%1#ũũũũũũũũũũũũũũũĒđćıĐĐĐ .2/(3 +ũ ĒđćıĊĈď . #1- !(¢-ũ ũĒđćıĊćĈ -3#-"#-!( ũ ĒđćıĐĒĈ .+(!~ ũ 4"(!( +ũ ũũũĒđćıďČĊ 1;-2(3.ũ ũĒđćıĊćĊ (%1 !(¢-ũũũũũũũũũũũũũũũũũũũũũũũũũũũũũũĒđĎıđĈĒ -3(- 1!¢3(!.2ũ ũũũũũũũũũũũũĒďćıĈďĉ

-!.ũ ũũũũũũũũũũũũũĉĒďĉıČĈĈ -!.ũ"#+ũ 4231.ũũũũũũũũũũũũũũũĉĒđČıĉĒĒ -!.ũ (!'(-!' ũũũũũũũũũũũũũũũũũĉĒđćıĎĉĒ -!.ũ"#ũ 4 8 04(+ũũũũũũũũũĉĒďĉıČćć -!.ũ (-! ũũũũũũũũũũũũũũũũũũũũũũũũũũĉĒđđıĒđđ


Ĺ? Ĺ?

Ĺ?

Ä Ä&#x2030;

Ĺ?Ĺ? Ĺ? Ä Ä&#x192;Ĺ? Ĺ? Ĺ?Ä&#x201A;Ä&#x20AC;Ä Ä&#x201A; Ä Ä&#x192;Ĺ? Ĺ? Ĺ?Ä&#x201A;Ä&#x20AC;Ä Ä&#x201A;

Ĺ? +. Ĺ? ÄĄ

Ĺ? +. Ĺ? ÄĄ

)( / .), -Ĺ&#x2039;')& -.)-Ĺ&#x2039; *),Ĺ&#x2039;#'*/ -.)Ĺ&#x2039; ' # (. &

.2ĹŠ/1./(#3 1(.2ĹŠ "#ĹŠ 43.2ĹŠ3#-"1;-ĹŠ 04#ĹŠ/ % 1ĹŠ.31.ĹŠ (,/4#23.ĹŠ/.1ĹŠ+ ĹŠ !.-3 ,(- !(¢-Ä&#x201C;ĹŠĹŠ

/ Ŋ"#Ŋ2($¢-Ŋ/.1Ŋ2 +(1Ŋ

Ĺ&#x2014;ĹŠĹŠĹŠ } ĹŠÄ&#x203A;ĹŠ;d bW YWbb[ =hWd 9ebecX_W" [igk_dW Z[ bW YWbb[

@kb_e 7dZhWZ[ Z[b YWdjÂ&#x152;d 8e# bÂ&#x2021;lWh" [n_ij[ kdW jWfW Z[ i_\Â&#x152;d W fkdje Z[ iWb_hi[$ 7 [ije i[ ikcW bW fh[i[dY_W Z[ XWikhW$ BWi Wkjeh_ZWZ[i Z[X[h|d jecWh bei Yehh[Yj_lei d[Y[# iWh_ei Yed [b Ă&#x2019;d Z[ [l_jWh gk[ bei bWZhed[i i[ bb[l[d [ijei cWj[h_Wb[i be gk[ i_]d_Ă&#x2019;YWhÂ&#x2021;W kdW fÂ&#x192;hZ_ZW [YedÂ&#x152;c_YW fWhW [b ckd_Y_f_e$

4 13# ,(#-3.ĹŠ "#ĹŠ/ 1#"

Ĺ&#x2014;ĹŠĹŠĹŠ

} ĹŠÄ&#x203A;ĹŠ;d bW YWbb[ @kb_e 7dZhWZ[ [n_ij[ kdW jWf_W Z[ j_[hhW W fkdje Z[ YW[hi[$ Bei fhef_[jWh_ei Z[X[d h[Wb_pWh bWi h[WZ[YkWY_ed[i d[Y[iWh_Wi fehgk[ [n_ij[ [b f[b_]he Z[ gk[ Wb]Â&#x2018;d hWje YW_]W ZedZ[ bei jhWdi[Â&#x2018;dj[i$ ;ijei Y[hhWc_[d# jei Ykcfb_[hed Yed ik l_ZW Â&#x2018;j_b o h[gk_[h[d Z[ kdW dk[lW h[YedijhkYY_Â&#x152;d$

.,/#ĹŠ5#+.!(" "#2ĹŠ 2(-ĹŠ2#Â +ĹŠ

Ĺ&#x2014;ĹŠĹŠĹŠ

} ĹŠÄ&#x203A;ĹŠ;d bW Wl[d_ZW

I_cÂ&#x152;d 8ebÂ&#x2021;lWh Wb _d]h[ie W bW Y_kZWZ i[ [dYk[djhW kd hecf[ l[beY_ZWZ[i gk[ kd[ Yed bW Wl[d_ZW @kb_e 7dZhWZ[$ <k[ Yedijhk_Ze ^WY[ Wb]Â&#x2018;d j_[cfe" i_d [cXWh]e" de j_[d[ d_d]kdW i[Â&#x2039;Wb_pWY_Â&#x152;d feh be gk[ bei YedZkYjeh[i de WZl_[hj[d Z[ [ijW i[Â&#x2039;Wb gk[ [d l[p Z[ kdW WokZW fk[Z[ Yed# l[hj_hi[ [d kd ]hWd h_[i]e$

ĹŠ ĹŠÄ&#x203A; Bei Zk[Â&#x2039;ei Z[ Wkje#

cejeh[i i[ [dYk[djhWd fh[eYk# fWZei feh [b _cfk[ije WcX_[d# jWb W bW YedjWc_dWY_Â&#x152;d l[^_YkbWh gk[ j_[d[d gk[ fW]Wh Z[iZ[ [ij[ WÂ&#x2039;e$ Feh [`[cfbe" bei c_[cXhei Z[ bWi Yeef[hWj_lWi Z[ YWc_ed[jWi Z[ CedjÂ&#x2018;\Wh i[ [dYk[djhWd ce# b[ijei$ BkÂ&#x2021;i 7b\h[Ze 9ehWb Z[ bW Yee# f[hWj_lW Z[ YWc_ed[jWi Ă&#x2020;. Z[ CWoeĂ&#x2021;" [nfb_YÂ&#x152; gk[ fWhW [ij[ WÂ&#x2039;e j_[d[ gk[ YWdY[bWh kdei /& ZÂ&#x152;bWh[i WZ_Y_edWb[i feh [ij[ j_fe Z[ _cfk[ijei$ Ă&#x2020;;ijW YWdj_ZWZ [i XWijWd# j[ \k[hj[$ JhWXW`Wh[cei iebe fWhW [b fW]e Z[ _cfk[ijei$ ;b Wkc[dje Z[ f_hWjWi W]hWlW dk[ijhW i_jkWY_Â&#x152;d$ De j[dZh[# cei fWhW YWdY[bWh bWi b[jhWi Z[ dk[ijhei WkjeiĂ&#x2021;$ L_d_Y_e Fepe Z[ bW c_icW Yeef[hWj_lW j[dZh| gk[ YWdY[# bWh ,, ZÂ&#x152;bWh[i$ Ă&#x2020;Bei _d]h[iei de dei WbYWdpW$ De [i fei_Xb[ gk[ gk_[d[i iecei Z[ i[hl_Y_e fÂ&#x2018;Xb_Ye j[d]Wcei gk[ fW]Wh [iW YWdj_ZWZ ]hWdZ[Ă&#x2021;$ @eiÂ&#x192; 9WbZ[hÂ&#x152;d j[dZh| gk[ YWdY[bWh c|i Z[ '+& ZÂ&#x152;bWh[i Wb WÂ&#x2039;e$ Ă&#x2020;Feh [ijei _cfk[ijei dei lW W jeYWh l[dZ[h [b YWhhe [ _hdei Z[ Y^e\[hĂ&#x2021;$ 7iÂ&#x2021; c_ice" kd Y[dj[dWh Z[ Y^e\[h[i fWhj_YkbWh[i Yh[[ gk[

Ä&#x201C;ĹŠ .2ĹŠ!.-"4!3.1#2ĹŠ"#ĹŠ+ ĹŠ!../#1 3(5 ĹŠ"#ĹŠ! ,(.-#3 2ĹŠÄĄÄ&#x2018;ĹŠ"#ĹŠ 8.ĢŊ"#ĹŠ -ĹŠ 1(#+ĹŠ1#5(2 -ĹŠ+.2ĹŠ!. 1.2ĹŠ"#ĹŠ+.2ĹŠ-4#5.2ĹŠ(,/4Äą #23.2Ä&#x201C;ĹŠ +ĹŠ ĹŠ Ä&#x192;1, ĹŠ04#ĹŠ2#1;-ĹŠ#7.-#1 ".2Ä&#x201C;ĹŠ

[b fW]e Z[ c|i _cfk[ijei f[h# `kZ_YWh| ik [iYk|b_ZW [Yede# cÂ&#x2021;W$ #"(" 2ĹŠ ĹŠ3., 1ĹŠ

7b_h_e Jehh[i" ][h[dj[ Z[ [ijW Yeef[hWj_lW Z[ YWc_ed[jWi" [nfb_YÂ&#x152; gk[ i[ Z[X[ h[Wb_pWh kd Wd|b_i_i c_dkY_eie fWhW Yec# fheXWh [b ]hWZe Z[ YedjWc_dW# Y_Â&#x152;d Z[ YWZW l[^Â&#x2021;Ykbe$ >eo iebe i[ ^W jecWZe [d Yk[djW [b ceZ[be o WÂ&#x2039;e Z[ YWZW l[^Â&#x2021;Ykbe$ Ă&#x2020;:[X[d [\[YjkWh kd [ijkZ_e fehc[deh_pWZe$ Bei Wkjei gk[ [d l[hZWZ YedjWc_# dWd Z[X[d i[h ZWZei Z[ XW`W" oW gk[ feh [bbei dei l[cei W\[YjWZeiĂ&#x2021;$ ;b Z_h_][dj[ Z[ bW jhWdifeh# jWY_Â&#x152;d" cWd_\[ijÂ&#x152; gk[ bW i_jkW#

)3Ĺ&#x2039; , .)' (Ĺ&#x2039; .#0# Ĺ&#x2039; (Ĺ&#x2039; *& (. #Â&#x161;(Ĺ&#x2039; } ĹŠÄ&#x203A; 7o[h bei h[fh[i[djWdj[i Z[ bW fbWdjWY_Â&#x152;d Z[ Ă&#x201C;eh[i =ebZ[d BWdZ" i[ WY[hYWhed ^WijW bW eĂ&#x2019;# Y_dW Z[ C[Z_e 7cX_[dj[ Yed [b eX`[je Z[ YecfheXWh bW \_hcW o bW hÂ&#x2018;Xh_YW fWhW [b Yehh[ifed# Z_[dj[ fheY[ie b[]Wb _cfk[ije feh [b C_d_ij[h_e$ :[X[h|d fW]Wh kdW ckbjW Z[ ')& iWbWh_ei cÂ&#x2021;d_cei l_jWb[i gk[ [gk_lWb[ W )+ c_b ZÂ&#x152;bWh[i$ FWhW Wgk[bbe" j_[d[d kd fbWpe Z[ )& ZÂ&#x2021;Wi fWhW YWdY[bWh [b fW]e$ :[ de ^WY[hbe i[ fheY[Z[h| Wb Y_[hh[ Z[Ă&#x2019;d_j_le Z[ bW [cfh[iW$ 7iÂ&#x2021; c_ice j_[d[d gk[ fh[#

#1;-ĹŠ#7.-#1 ".2ĹŠĹŠ Ĺ&#x2014;ĹŠĹŠ .1%#ĹŠ 15;#9Ä&#x201D;ĹŠ"(1#!3.1ĹŠ"#+ĹŠ ĹŠ#-ĹŠ+ ĹŠ/1.5(-!( Ä&#x201D;ĹŠ !+ 1¢Ŋ04#ĹŠ#23;ĹŠ5(%#-3#ĹŠ"#2"#ĹŠ #+ĹŠÄ&#x2C6;ĹŠ"#ĹŠ#-#1.ĹŠ"#+ĹŠÄ&#x2030;ĹŠÄ&#x2021;Ä&#x2C6;Ä&#x2030;Ä&#x201D;ĹŠ#+ĹŠ(,/4#23.ĹŠ , (#-3 +ĹŠ ĹŠ+ ĹŠ!.-3 ,(- !(¢-ĹŠ5#'(!4+ 1ĹŠ"#ĹŠ

!4#1".ĹŠ +ĹŠ!(+(-"1 )#ĹŠ8ĹŠ"#+ĹŠ  .ĹŠ"#ĹŠ$ 1(! !(¢-ĹŠ"#+ĹŠ 43.,.3.1Ä&#x201C;ĹŠ !+ 1¢Ŋ04#ĹŠ#+ĹŠ31 -2/.13#ĹŠ/Ă&#x152; +(!.ĹŠ!.,.Ä&#x2013;ĹŠ3 7(2Ä&#x201D;ĹŠ! ,(.-#3 2Ä&#x201D;ĹŠ 42#2ĹŠ41 -.2Ä&#x201D;ĹŠ (-3#1/ 11.04( +#2Ä&#x201D;ĹŠ(-3#1! -3.- +#2ĹŠ#ĹŠ(-3#1/1.5(-!( +#2ĹŠ8ĹŠ31 -2/.13#ĹŠ/#2 ".Ä&#x201D;ĹŠ#23;-ĹŠ #7.-#1 ".2ĹŠ"#+ĹŠ(,/4#23.Ä&#x201C;ĹŠ .+.ĹŠ/ % 1;-ĹŠ#+ĹŠ5 +.1ĹŠ"#ĹŠ+ ĹŠ, 31~!4+ Ä&#x201D;ĹŠ/ %.ĹŠ"#+ĹŠ1." )#ĹŠ8ĹŠ #+ĹŠ Ä&#x201C;ĹŠ -ĹŠ2.+.ĹŠ3#-"1;ĹŠ04#ĹŠ/ % 1ĹŠ#23#ĹŠ3(/.ĹŠ"#ĹŠ(,/4#23.2Ä&#x201D;ĹŠ+.2ĹŠ 43.2ĹŠ/ 13(!4+ 1#2ĹŠ!48.ĹŠ !(+(-"1 )#ĹŠ2# ĹŠ24/#1(.1ĹŠ ĹŠ+.2ĹŠÄ&#x2C6;ĹŠÄ&#x17D;Ä&#x2021;Ä&#x2021;ĹŠ!!Ä&#x201C;ĹŠ 7/+(!¢Ŋ04#ĹŠ+.2ĹŠ 43.2ĹŠ. 2.+#3.2ĹŠ3#-"1;ĹŠ4-ĹŠ !.23.ĹŠ,;2ĹŠ +3.ĹŠ"#ĹŠ(,/4#23.2Ä&#x201C;

Y_Â&#x152;d Z[ [bbei [i Z[i[if[hWdj[ fehgk[ jeZWi bWi YeiWi Yec[d# pWhed W ikX_h c_[djhWi gk[ bei YeXhei feh Ă&#x201C;[j[ i[ cWdj_[d[d Z[iZ[ ^WY[ Z_[p WÂ&#x2039;ei$ Bei l[_dj[ o eY^e c_[cXhei Z[ bW Yeef[hWj_lW Z[ YWc_ed[#

jWi [if[hWd eh]Wd_pWh kdW Ye# c_i_Â&#x152;d Yed h[fh[i[djWdj[i Z[ ejhWi Yeef[hWj_lWi Z[ bW fhel_d# Y_W fWhW WYkZ_h Wb I[hl_Y_e Z[ H[djWi ?dj[hdWi IH? o i[ f_ZW bW [ned[hWY_Â&#x152;d e i[ Xkigk[ Wb# ]Â&#x2018;d c[YWd_ice Z[ iebkY_Â&#x152;d$

!/( )Ĺ&#x2039; )( /,-)Ĺ&#x2039; Ĺ&#x2039; !/#( & )-Ĺ&#x2039; Ä&#x201C;ĹŠ + -3 !(¢-ĹŠ"#ĹŠÄ&#x201E;.1#2ĹŠ1#Äą 3., 1;ĹŠ242ĹŠ !3(5(" "#2ĹŠ-.1, +#2Ä&#x201C;ĹŠ

i[djWh kd fbWd Z[ WYY_Â&#x152;d WcX_[djWb [d kd f[h_eZe Z[ (& ZÂ&#x2021;Wi fWhW h[c[Z_Wh bei ZWÂ&#x2039;ei YWkiWZei W bW dWjkhWb[# pW$ ;b C_d_ij[h_e h[Wb_pWh| [b Yehh[ifedZ_[dj[ ced_jeh[e fWhW [\[YjkWh [b i[]k_c_[dje Yehh[ifedZ_[dj[$ Feh ejhe bWZe" ^Wo YkWjhe c[i[i Z[ fbWpe fWhW eXj[d[h bW b_Y[dY_W WcX_[djWb Yed [b eX`[je Z[ gk[ bW WYj_l_ZWZ i[ Z[iWhhebb[ i_d eXij|Ykbei$

ĹŠ ĹŠÄ&#x203A; >eo [d [b fWhgk[ fh_dY_fWb Z[ IWd =WXh_[b W fWhj_h Z[ bWi '/0&&" [cf[pWh| [b i[]kd# Ze YedYkhie Z[ W]k_dWbZei$ ?dj[hl[dZh|d _dij_jkY_ed[i Yece bW Kd_ZWZ ;ZkYWj_lW Ă&#x2020;:W# hÂ&#x2021;e ;]Wi =h_`WblWĂ&#x2021; o bW 7ieY_W# Y_Â&#x152;d Z[ Ă&#x203A;hX_jhei DÂ&#x2018;Yb[e Ced# jÂ&#x2018;\Wh$ >WXh| ' ,&& ZÂ&#x152;bWh[i [d fh[# c_ei gk[ i[ h[fWhj_h|d Z[ bW i_# ]k_[dj[ cWd[hW0 Wb fh_c[h bk]Wh" c_b ZÂ&#x152;bWh[i1 i[]kdZe bk]Wh" +&& o Wb c[`eh W]k_dWbZe e Z_i\hWp '&& ZÂ&#x152;bWh[i$ ;b fh_c[he i[ be ^_pe [d [b ( &'& Yed bW fWhj_Y_fWY_Â&#x152;d Z[ bW 7ieY_WY_Â&#x152;d Z[ ;cfb[WZei Ck# d_Y_fWb[i o I_dZ_YWje Z[ JhWXW#

Ä&#x201C;ĹŠ .8ĹŠ2#ĹŠ(-(!( ĹŠ#+ĹŠ%1 -ĹŠ#5#-3.Ä&#x201C;ĹŠ

`WZeh[i Z[b ckd_Y_f_e$ ;b ckd_Y_f_e Z[ CedjÂ&#x2018;\Wh Yed [ij[ [l[dje [if[hW h[l_jWb_pWh bWi jhWZ_Y_ed[i Z[ bei Wdj[fWiWZei$


Â&#x192; Ä Ä&#x192;Ĺ?Ĺ? Ĺ? Ĺ?Ä&#x201A;Ä&#x20AC;Ä Ä&#x201A; Ä Ä&#x192;Ĺ? Ĺ? Ĺ?Ä&#x201A;Ä&#x20AC;Ä Ä&#x201A;

Ĺ? +. Ĺ? ÄĄ

Ä Ä&#x160;

#!4/#1 !(¢-Ŋ "#Ŋ5#'~!4+.

Ĺ&#x2014;ĹŠĹŠĹŠ

Ä&#x201C;ĹŠ -4#+ĹŠ Ä&#x201C;Ä&#x201D;ĹŠ$4#ĹŠ"#3#-(".ĹŠ#-ĹŠ 4,(!' ! Ä&#x201D;ĹŠ#+ĹŠ"#3#-(".ĹŠ$4#ĹŠ/1#2#-3 ".ĹŠ#-ĹŠ14#" ĹŠ"#ĹŠ/1#-2 ĹŠ!.-ĹŠ.31.2ĹŠ"#3#-(".2ĹŠ/.1ĹŠ+ ĹŠ,(2, ĹŠ! 42 Ä&#x201C;

/ .),# ()Ĺ&#x2039; . (# )Ĺ&#x2039; *),Ĺ&#x2039;.,6ðĹ&#x2039; )Ĺ&#x2039; Ĺ&#x2039; ,)! +ĹŠ'., 1#ĹŠ$4#ĹŠ 1#!+43 ".ĹŠ#-ĹŠĹŠ .+., ( Ä&#x201D;ĹŠ( ĹŠ ĹŠ!. 1 1ĹŠ/.1ĹŠ#+ĹŠ 31 -2/.13#Ä&#x201C;

Ä&#x203A;ĹŠ I[]kdZe CWdk[b 7" kd ^ecXh[ Z[ )+ WÂ&#x2039;ei Z[ [ZWZ \k[ Z[j[d_Ze [d Hkc_Y^WYW YkWdZe jhWjÂ&#x152; Z[ _d]h[iWh Wb fWÂ&#x2021;i jhWdifehjWdZe Zei cWb[jWi [d bWi gk[ Yed Wdj[h_eh_ZWZ i[ YW# ckĂ&#x201C; Â&#x152; Ybeh^_ZhWje Z[ YeYWÂ&#x2021;dW$ ;b [YkWjeh_Wde gk[ i[ Z[Z_YW W bW c[Y|d_YW Z[iZ[ ^WY[ c|i Z[ i[_i WÂ&#x2039;ei [ijWXW hWZ_YWZe [d

[b Z[fWhjWc[dje Z[ FkjkcWoe [d 9ebecX_W [d ZedZ[ jhWXW`W# XW" WY[fjÂ&#x152; i[]Â&#x2018;d ik Z[YbWhWY_Â&#x152;d jhWdifehjWh Zhe]W Z[iZ[ 9ebec# X_W W ;YkWZeh W YWcX_e Z[ c_b ZÂ&#x152;bWh[i o feh bW fh[i_Â&#x152;d gk[ kd Wbb[]WZe [`[hYÂ&#x2021;W ieXh[ Â&#x192;b$ ;b Z[j[d_Ze [d ik l[hi_Â&#x152;d Wdj[ [b @k[p [nfb_YÂ&#x152; gk[ gk_ie h[jhWY# jWhi[ f[he CWh_e 9$" [b ^ecXh[ gk[ b[ ^WXbÂ&#x152; Z[b d[]eY_e b[ Z_`e gk[ oW [hW jWhZ[ o de feZÂ&#x2021;W [lW# Z_h ik h[ifediWX_b_ZWZ$ ;d bWi Z[YbWhWY_ed[i i[Â&#x2039;WbÂ&#x152; gk[ i_ iWXÂ&#x2021;W be gk[ jhWdifehjW# XW o gk[ l_W`Â&#x152; Z[iZ[ [b Z[fWhjW# c[dje Z[ FkjkcWoe Wb Z[fWh# jWc[dje Z[b LWbb[ o [d FWbc_hW 9ebecX_W h[Y_X_Â&#x152; bWi cWb[jWi Yed hefW o bk[]e jecÂ&#x152; kd Wkje#

#12.- 2ĹŠ"#3#-(" 2 ĹŠ -ĹŠ+.2ĹŠĂ&#x152;+3(,.2ĹŠ"~ 2ĹŠ#-ĹŠ 4+!;-ĹŠ2#ĹŠ"#!.,(2¢ŊÄ&#x2C6;Ä&#x2018;ĹŠ,(+ĹŠÄ&#x2030;Ä&#x17D;Ä&#x2021;ĹŠ%1 ,.2ĹŠ"#ĹŠ!+.1'("1 3.ĹŠ"#ĹŠ Ĺ&#x2014;!.! ~- ĹŠ2#ĹŠ!.-.!#ĹŠ04#ĹŠ+ ĹŠ"1.% 2ĹŠ( ĹŠ2#1ĹŠ#-5( " ĹŠ +ĹŠ#73#1(.1ĹŠ8ĹŠ !4 ".1ĹŠ( ĹŠ ĹŠ2#1ĹŠ4-ĹŠ

/ ~2ĹŠ"#ĹŠ/ 2.Ä&#x201C; "#,;2ĹŠ3 , (_-ĹŠ2#ĹŠ(-! 43¢ŊÄ&#x2018;Ä?Ä&#x201D;Ä&#x2030;ĹŠ%1 ,.2ĹŠ"#ĹŠ 2#ĹŠ"#ĹŠ!.! ~- ĹŠ8ĹŠÄ&#x2C6;Ä&#x2030;Ä&#x2021;ĹŠ%1 ,.2ĹŠ"#ĹŠ , 1('4 - Ä&#x201C;ĹŠ (-!.ĹŠ/#12.- 2ĹŠ$4#1.-ĹŠ"#3#-(" 2ĹŠ8ĹŠ4-ĹŠ,#-.1ĹŠ$4#ĹŠ (2+ ".Ä&#x201D;ĹŠ "#,;2ĹŠ2#ĹŠ 1#345.ĹŠ ĹŠ".2ĹŠ 43.,¢5(+#2ĹŠ5(-!4+ ".2ĹŠ!.-ĹŠ#+ĹŠ(+~!(3.Ä&#x201C;

XÂ&#x2018;i Yed Z[ij_de W ?f_Wb[i o Z[i# Z[ WbbÂ&#x2021; iWb_e fWhW ;YkWZeh$ ;d [b Yedjheb feb_Y_Wb [d Hkc_Y^WYW kd_\ehcWZei Z[ bW kd_ZWZ Z[ Wdj_dWhYÂ&#x152;j_Yei ieb_Y_# jWhed W I[]kdZe C$ 7$" bW h[l_# i_Â&#x152;d Z[ ik [gk_fW`[ o [dYedjhW# hed gk[ bW cWb[jW j[dÂ&#x2021;W kd f[ie [nY[i_le$ 7b h[Wb_pWhb[ kdW f[h\ehWY_Â&#x152;d

i[ eXi[hlÂ&#x152; gk[ bW cWb[jW j[dÂ&#x2021;W YWck\bWZe Ybeh^_ZhWje Z[ Ye# YWÂ&#x2021;dW Ykoe f[ie Xhkje \k[ Z[ '. c_b (+& ]hWcei$ ;b Z[j[d_Ze cWd_\[ijÂ&#x152; gk[ Z[XÂ&#x2021;W [djh[]Wh [b WbYWbe_Z[ [d Gk_je o bk[]e W jhWlÂ&#x192;i Z[ j[hY[# hWi f[hiedWi [b WbYWbe_Z[ i[hÂ&#x2021;W jhWibWZWZe Wb [nj[h_eh fWhW ik l[djW [d [b c[hYWZe d[]he$

( # ()Ĺ&#x2039; / Ĺ&#x2039;, *),. )Ĺ&#x2039; )')Ĺ&#x2039; -* , # ) Ik ^[hcWde @eiÂ&#x192; >_bWh_e [n# fb_YÂ&#x152; gk[ [b ^ecXh[ iWbÂ&#x2021;W W c[dkZe i_d Wl_iWh W Zed# ĹŠ Z[ f[he de jWhZWXW jWdjei ZÂ&#x2021;Wi [d bb[]Wh o gk[ W^ehW

2ĹŠ/#12.- 2ĹŠ oW be XkiYWhed [d fei_# 04#ĹŠ!.-.9! -ĹŠ "#+ĹŠ/ 1 "#1.ĹŠ"#ĹŠ Xb[i bk]Wh[i ZedZ[ feZÂ&#x2021;W

.2_ĹŠ -3.-(.ĹŠ [ijWh f[he bW XÂ&#x2018;igk[ZW [i 3.3 ĹŠ"#ĹŠÄ?Ä&#x2030;ĹŠ Â .2ĹŠ/4#"#ĹŠ++ Äą _d\hkYjkeiW o Z[Y_Z_[hed , 1ĹŠ +ĹŠ!#+4+ 1ĹŠ fed[h [d YedeY_c_[dje Z[ Ä&#x2021;Ä&#x2019;Ä&#x2021;Ä&#x2021;Ä&#x160;Ä&#x160;Ä&#x2C6;Ä?Ä&#x2019;Ä&#x201C;ĹŠ bWi Wkjeh_ZWZ[i fWhW gk[ [bbWi WokZ[d W beYWb_pWh Wb Z[iWfWh[Y_Ze$

: ĹŠÄ&#x203A;ĹŠ@eiÂ&#x192; >_bWh_e 9WjejW bb[]Â&#x152;

Z[iZ[ bW fWhhegk_W Z[ @kb_e 7dZhWZ[ W JkbY|d W Z[# dkdY_Wh bW Z[iWfWh_Y_Â&#x152;d Z[ ik ^[hcWde @eiÂ&#x192; 7djed_e 9WjejW Z[ -( WÂ&#x2039;ei$ ;b ^ecXh[ f[hcWd[# Y[ Z[iWfWh[Y_Ze Z[iZ[ [b Zec_d]e Wdj[h_eh YkWdZe iWb_e Z[ ik YWiW kX_YWZW [d [b @kb_e 7dZhWZ[ o ^WijW W^ehW i[ Z[iYedeY[ ik fW# hWZ[he$

: ĹŠÄ&#x203A;ĹŠ7 jhWlÂ&#x192;i Z[ ef[# hWj_lei YecX_dWZei [djh[ kd_ZWZ[i Z[ Feb_YÂ&#x2021;W @kZ_Y_Wb Z[ ;YkWZeh o 9ebecX_W i[ be]hÂ&#x152; h[Ykf[hWh kd l[^Â&#x2021;Ykbe YebecX_Wde gk[ \k[ heXWZe [d [i[ fWÂ&#x2021;i f[he gk[ \k[ jhWi# bWZWZe W ;YkWZeh$ ;b =FI Z[b l[^Â&#x2021;Ykbe f[hc_j_Â&#x152; bW kX_YWY_Â&#x152;d Z[b Wkjecejeh o bW Z[j[dY_Â&#x152;d Z[ kdW f[hiedWi gk[ [ij| WYkiWZW Z[ i[h gk_[d XW`e f[Z_Ze i[ ikijhW`e [b YWhhe$ BW YeehZ_dWY_Â&#x152;d Z[ bW I[YY_edWb Z[ Feb_Y_Wb @kZ_Y_Wb I?@?D [d 9ebecX_W o Feb_YÂ&#x2021;W @kZ_Y_Wb F@ [d ;YkWZeh f[hc_j[d jWcX_Â&#x192;d h[Wb_pWh ef[hWj_lei Yed`kdjei fWhW Z[iWhj_YkbWh ]hkfei gk[ Z[# b_dgk[d [d WcXei bWZei Z[ bW \hedj[hW o ef[hWh Z[ cWd[hW Yed`kdjW$ ;d ?f_Wb[i jWcX_Â&#x192;d h[Ykf[hWhed YkWjhe YWhhe o jh[i cejeY_Yb[jWi gk[ \k[hed h[fehjWZWi Yece heXWZWi$

@eiÂ&#x192; 7djed_e 9WjejW [i kd ^ecXh[ Z[ -( WÂ&#x2039;ei gk[ i[ Z[Z_# YW W bWi bWXeh[i W]hÂ&#x2021;YebWi de j_[# d[ [ifeiW o l_lÂ&#x2021;W Yed bW \Wc_b_W Z[ ik ^[hcWde" bb[]Whed W @kb_e 7dZhWZ[ Z[iZ[ bW fhel_dY_W Z[ 9ejefWn_ o i[ hWZ_YWhed W^Â&#x2021; Z[i# Z[ ^WY[ c|i Z[ )& WÂ&#x2039;ei$ 7b cec[dje Z[ bW Z[iWfWh_# Y_Â&#x152;d [b ^ecXh[ l[ijÂ&#x2021;W kd fWd# jWbÂ&#x152;d Wpkb" pWfWjei YW\Â&#x192;i" Y^W# gk[jW d[]hW" fedY^e W hWoWi o iecXh[he$

Ä&#x201C;ĹŠ .2_ĹŠ -3.-(.ĹŠ Äą 3.3 ĹŠ"#2 / 1#!(".ĹŠ"#ĹŠ 4+(.ĹŠ -"1 "#ĹŠ #+ĹŠ".,(-%.Ä&#x201D;ĹŠ$ ,(+( 1#2ĹŠ1#/.13 1.-ĹŠ24ĹŠ "#2 / 1(!(¢-Ä&#x201C;

#2+(9 ,(#-3.2ĹŠ "#ĹŠ3(#11

Ĺ&#x2014;ĹŠĹŠĹŠ

: ĹŠÄ&#x203A;ĹŠBWi fh[Y_f_jWY_e# d[i fbkl_Wb[i Z[ bei Â&#x2018;bj_cei ZÂ&#x2021;Wi fheleYWhed _dYedl[d_[d# j[i [d Wb]kdei i[Yjeh[i Z[ bWi lÂ&#x2021;Wi Z[ i[]kdZe ehZ[d$ ;d bWi lÂ&#x2021;Wi i[ fh[i[djÂ&#x152; f[gk[# Â&#x2039;ei Z[ib_pWc_[djei Z[ j_[hhW gk[ eXijWYkb_pWhed [b fWie l[^_YkbWh o f[WjedWb$ Feh bWi \k[hj[i bbkl_Wi bWi Yehh_[dj[ Z[ bei hÂ&#x2021;ei Wkc[d# jÂ&#x152; be gk[ fed[ [i h_[i]e bWi pedWi feh ZedZ[ [b WĂ&#x201C; k[dj[i Z[ W]kW ^WY[d ik Ykhie$ I[ fh[lÂ&#x192; gk[ bW j[cfehWZW _dl[hdWb i[ [nj_[dZW ^WijW [b fh_c[h jh_c[ijh[ Z[ [ij[ WÂ&#x2039;e" [d bW i_[hhW Y[djhe Z[b fWÂ&#x2021;i jWcX_Â&#x192;d i[ fh[i[djWd fheXb[# cWi [d bWi lÂ&#x2021;Wi o Ykbj_lei W YWkiW Z[ bWi bbkl_Wi$ BWi bbkl_Wi Z_Ă&#x2019; YkbjWd jWcX_Â&#x192;d bei jhWXW`ei Z[ Wcfb_WY_Â&#x152;d o WZ[YkWY_Â&#x152;d Z[ bWi c_icWi" bWi fh[Y_f_jWY_ed[i fbkl_Wb[i [d bW pedW dehj[ i[ [cf[pWhed W h[]_ijhWh Z[iZ[ [b c_Â&#x192;hYeb[i Wdj[h_eh$


ŏ ŏ

ŏ ŏ ŏ

ŏ

ĂĀ ĂĀ 0%!),+ 0%!),+ 0%!),+ (! 01. (! 01. (! 01. āĆŏ)%*ċ āĆŏ)%*ċ āĆŏ)%*ċ

:

āăŏ ŏ ŏĂĀāĂ āăŏ ŏ ŏĂĀāĂ ĂĂŏ ŏ ŏĂĀĀĉ

ŏ +. ŏ

ŏ +. ŏ

ŏ +. ŏ

ġ ġ ġ

Ė Ė

ũ }

.,/1 ĵ5#-3 ĵ1#-3 ũ"#ũ3#11#-.2Ĕũ 2 2ĵă ũ-! ĵ!.,/1 ĵ5#-3 ĵ"#ı ! 2 2Ĕũ"#/ 13 ,#-3.2ũ8ũ.ăũ!(- 2ē / 13 ,#-3.2ĵ 11(#-".2ē

.,/1 ĵ5#-3 ũ"#ũ3.".ũ3(/.ũ"#ũ .,/1 ĵ5#-3 ũ"#ũ3.".ũ3(/.ũ"#ũ 5#'~!4+.2 5#'~!4+.2

4#23.2Ĕũ./.134-(" "#2ũ"#ũ .,/1 ĵ5#-3 ĵ! , (.ē 31 ).ē ũũ 4#23.2Ĕũ./.134-(" "#2ũ"#ũ #15(!(.2ũ!412.2Ĕũ!.-2314!!(¢-Ĕũ 31 ).ũē !.-24+3.1~ ē

.,/1 ĵ5#-3 ũ"#ũ. )#3.2Ĕũ#+#!31.ı .,/1 ĵ5#-3 ũ"#ũ. )#3.2Ĕũ#+#!ı ".,_23(!.2Ĕũ,4# +#2Ĕũ.ă ũ!(- ēũ#3!ē

-Ì-!( 3#ũ +Ėũũũ -Ì-!( 3#ũ +Ėũũũ

ı

04#" -.ũ #+ĖũĎćĊĉďďĔũĉĉĉČćĎĔũ .! $4#1#ēũ #+ĖũĉĒĎďĎćĉĔũĉďćĐďĉĎũ 7Ėũ ĉĉĉČćďũ 7ĖũĉĉđĒĈđ ĉďĈĉďďĈ %#-!( ĉĖũ +#,#-3#ũ .-!#ũĉĈĒũ8ũ 4+!;-Ėũ 4!1#ũ#-31#ũ 8 !4!'.ũ8ũ 4-~-ı (#"1 '(3 ēũ 7ĖũĎďćĐĊČ #+ĖũĉĒđČĎĎĈē ũ 7ĖũĉĒđČďČď %#-!( ĊĖũ 1#- 2ũĉĉćũ8ũĈćũ"#ũ %.23.ũ ĎŖũ (2.ũ #+ĖũĎććĉČĎĔũĎĎĎČĊćĔũĎĎĎČĊĈĔũ ĎĎĈĎĎĉē + -3 ũ "(3.1 Ėũ - ,#1(! - ũ .13#ũ %#-!( ĈĖ ũ #(- ũ (!3.1( ũđĉĊũ8ũ 1 +ēũ ũĊēĎũ #+ĖũČĐĎĐĉĊĔũČĐĎĐĉČĔũČĐĎĐĉĎĔũ 04#" -.ũ #+ĖũĎćĊĉďďĔũĉĉĉČćĎĔũ ČĐĎĐĉďĔũČĐĎĐĉđē ĉĉĉČćďũ 7ĖũĉĉđĒĈđ %#-!( ĉĖũ +#,#-3#ũ .-!#ũĉĈĒũ8ũ ı (#"1 '(3 ēũ 7ĖũĎďćĐĊČ %#-!( ĈĖũ #(- ũ (!3.1( ũđĉĊũ8ũ 1 +ēũ %#-!( ĊĖũ 1#- 2ũĉĉćũ8ũĈćũ"#ũ %.23.ũ 04#" -.ũ #+ĖũĎćĊĉďďĔũĉĉĉČćĎĔũ ĎŖũ (2.ũ #+ĖũĎććĉČĎĔũĎĎĎČĊćĔũĎĎĎČĊĈĔũ ĉĉĉČćďũ 7ĖũĉĉđĒĈđ ĎĎĈĎĎĉē %#-!( ĈĖũ #(- ũ (!3.1( ũđĉĊũ8ũ 1 +ēũ + -3 ũ "(3.1 Ėũ - ,#1(! - ũ .13#ũ 04#" -.ũ #+ĖũĎćĊĉďďĔũĉĉĉČćĎĔũ ũĊēĎũ #+ĖũČĐĎĐĉĊĔũČĐĎĐĉČĔũČĐĎĐĉĎĔũ ĉĉĉČćďũ 7ĖũĉĉđĒĈđ ČĐĎĐĉďĔũČĐĎĐĉđē

04#" -.ũ #+ĖũĎćĊĉďďĔũĉĉĉČćĎĔũ .+~5 1ũ8ũ .! $4#13#ēũ #+ĖũĊũĉũČĉĈũĐĊć ĉĉĉČćďũ 7ĖũĉĉđĒĈđ 7ĖũĊũĉũČĉĈũĐĊĈ

%#-!( ĉĖũ +#,#-3#ũ .-!#ũĉĈĒũ8ũ %#-!( ũ -3 Ėũ 5ēũ 4 13 Ĕũ#-31#ũ! ++#ũ

ũ #(- ũ (!3.1( ũđĉĊũ8ũ 1 +ēũ %#-!( ĈĖ 11 Ėũ ++#ũ #)~ ũĊĎćũ#-31#ũ 4!1#ũ8ũ

%#-!( ĈĖũ ++#ũ 4(3.ũ ũćĉıČĎũ#-31#ũ #(- ũ (!3.1( ũđĉĊũ8ũ 1 +ēũ %#-!( ĈĖũ

%#-!( ĉĖũ +#,#-3#ũ .-!#ũĉĈĒũ8ũ + -3 ũ "(3.1 Ėũ , 41 ũĈĎđČũ8ũĈđũ

(#"1 '(3 ēũ 7ĖũĎďćĐĊČ "#ũ .5(#, 1#Ĕũ "(ăũ!(.ũ .5(2 ēũũ #+$ĖũĐũ %#-!( ĊĖũ 1#- 2ũĉĉćũ8ũĈćũ"#ũ %.23.ũ ĉĎĐĐćĒĒĔũĐũĉĎđĎũđćĎē ĎŖũ (2.ũ #+ĖũĎććĉČĎĔũĎĎĎČĊćē 7ĖũĐũĉĎĐđđČđ

#(- ũ (!3.1( ũđĉĊũ8ũ 1 +ēũ %#-!( ĈĖũ #(- ũ (!3.1( ũđĉĊũ8ũ 1 +ēũ 04#" -.ũ #+ĖũĎćĊĉďďĔũĉĉĉČćĎĔũ 04#" -.ũ #+ĖũĎćĊĉďďĔũĉĉĉČćĎĔũ ĉĉĉČćďũ 7ĖũĉĉđĒĈđ ĉĉĉČćďũ 7ĖũĉĉđĒĈđ

ũ

#(- ũ (!3.1( ũđĉĊũ8ũ 1 +ēũ %#-!( ĈĖũ 4(2ũ ;104#9ũ8ũ , 9.- 2Ĕũ

04#" -.ũ #+ĖũĎćĊĉďďĔũĉĉĉČćĎĔũ #-31.ũ .,#1!( +ũ #(- "#+ũ (2-#Ĕũ ũŒĈĒũ ĉĉĉČćďũ 7ĖũĉĉđĒĈđ #+ĖũũĐũĉũďćďũĐĎćē

%#-!( ĈĖũ #(- ũ (!3.1( ũđĉĊũ8ũ 1 +ēũ + -3 ũ "(3.1 Ėũ .13.5(#).ũ ,ũČĔĎũ5~ ũ ũ 04#" -.ũ #+ĖũĎćĊĉďďĔũ -3 ēũ #+ĖĎũĉĒĊĈćĒĈē

(#"1 '(3 ēũ 7ĖũĎďćĐĊČ đũ8ũĒēũ #+$ĖũĎũĉũďĉĉĎđĈĔũĎũĉďĉČĎđĎē

+ -3 ũ "(3.1 Ėũ - ,#1(! - ũ .13#ũ %#-!( ũ '.-#Ėũ ++#ũ .+~5 1ũ#-31#ũ (ı

ũĊēĎũ #+ĖũČĐĎĐĉĊĔũČĐĎĐĉČĔũČĐĎĐĉĎĔũ !'(-!' ũ8ũ .+¢-Ĕũ "ēũ _+#9ũĊ#1ũ (2.ēũ #+Ėũ ČĐĎĐĉďĔũČĐĎĐĉđē ĎũĉďĒďũćĈĈē

%#-!( ĈĖũ ~!3.1ũ 1 ,(+.ũ 231 " ũđĈũ #(- ũ (!3.1( ũđĉĊũ8ũ 1 +ēũ %#-!( ĈĖũ 04#" -.ũ #+ĖũĎćĊĉďďĔũ Č ũ#ũ (%4#1 2ũıũ 1"#2 ũ #-31 +ē #+ĖũČũĉĊđĎĒđĈĔũČũĉĊđĎĒĐĊē

%#-!( ĈĖũ #(- ũ (!3.1( ũđĉĊũ8ũ 1 +ēũ 04#" -.ũ #+ĖũĎćĊĉďďĔũ %#-!( ĈĖũ .+~5 1ũ2ĵ-ũ8ũ .! $4#13#ũ ĸ 20ēĹũ "(ă %#-!( ĈĖũũ!(.ũ (+#-(4,ēũ #+$Ėũďũĉũ #(- ũ (!3.1( ũđĉĊũ8ũ 1 +ēũ ĐĉđďćĉĔũďũĉũĐĉđďććĔũďũĉũĐĉĉĉĒČē 04#" -.ũ #+ĖũĎćĊĉďďĔũĉĉĉČćĎĔũ ĉĉĉČćďũ 7ĖũĉĉđĒĈđ 04#" -.ũ #+Ėũ ĎćĊĉďďē

ĉĒđČĎĎĈũıũĉďĈĉďďĈũıũ ĉĒĉĎČĐĐ ĉĎĎĈıĎĎĉ ĉĒđČĎĎĈũıũĉďĈĉďďĈũıũĉĒĉĎĒĐĊ 1($ 2

(Q HO FHQWUR GHO &RQMXQWR 5HVLGHQFLDO &$6&$'$6 '( &+25/$9, ,QIRPHV 7HOpI

(Q HO PHMRU OXJDU GH /D 9LFWRULD FDVD FRQ /RFDO &RPHUFLDO 'LUHF FLyQ 0DUTXH] GH 6DQ -RVp \ 0DQXHO =DPEUDQR ,QIRUPHV DG DL

<e Hl`kf fgfikle`[X[ d`$ kX[ [\ gi\Z`f# \jg\ZkXZlcXi m`jkX# [\gXikXd\ekf (.( d)# Yf[\^X ) gXihl\fj j\Zkfi EXZ`fe\j Le`[Xj p 8d i`ZX '0-+0,'()% 8I&(./*)&ZZ

VENDO TERRENO T[Z JVU JLYYHTPLU[V KL SHKYPSSVZ ` JVUZ[Y\JJP}U KL T[Z WVY LZ[YLUHY [VKVZ SVZ ZLY]PJPVZ ImZPJVZ ZVSV PU[LYLZHKVZ 0UMVYTLZ! :LJ[VY *VSLNPV :HU +PLNV

9(1'2 (1 ,%$55$ /RWH GH WHUUHQR GH P FRQ FHUUDPLHQWR XELFDGR MXQWR D OD &GOD (PHOQRUWH 3UHFLR 86' ,QIRUPHV

9(1'2 7(55(12 +L TL[YVZ LU 5H[HI\LSH H J\HKYHZ KL SH 7HUHTLYPJHUH ULNVJPHISLZ 0UMVYTLZ!

DG DL HK HP

9(1'2 &$6$6 18(9$6 &21 ),1$1&,$0,(172 P FRQVWUXFFLyQ GRUPLWR ULRV VDOD FRPHGRU FRFLQD EDxRV WHUUD]D SDWLR SRVWHULRU JDUDMH 'LUHFFLyQ -XDQD $WD EDOLSD \ *RQ]iOHV GH 6Di IUHQ WH FRQGRPLQLRV $WDEDOLSD 7H OpIRQR DG DL

(1 ,%$55$ 9HQGR FDVD SLVRV P SDUTXHDGHURV VDOD FRPHGRU FRFLQD HVWXGLR KDELWDFLRQHV EDxRV XELFDGD HQ HO 6HFWRU (O 5HWRUQR DFDEDGRV GH SULPHUD *\SVXP 3RUFHODQDWR HQ ORV WUHV SLVRV SLHGUD GH PiUPRO QHJRFLR FRQ HO 3URSLHWDULR 1R LQWHUPHGLDULRV 7HOHIV DL

9(1'2 7(55(12

9(1'2 7HUUHQR $Y 0DULDQR $FRVWD ,QIRU PHV

DG DL

9(1'2 9(+Ì&8/2 )5(,*+7/,1(5 02'(/2 &203/(72 +$%,/,7$'2 (1*$1&+$'2 (-(6 &21 75$%$-2 ,1)250(6

6( 1(&(6,7$ 6(f25,7$ 8\L ZLWH ILSSLaH WHYH H[LUKLY SVJHS LU ([\U[HX\P 3SHTHY HS 3SHTHY H WHY[PY KL SHZ O

$SWR SDUD YROTXHWD PRGHOR PRWRU FXPPLV FDMD IXOOHU WUDVPLVLyQ PDFN VXVSHQVLyQ KHQULFNVRQ 3UHFLR ,QIRUPHV WHOIV

PU DW (Q &RWDFDFKL HQ GH P 9(1'2 &$0,Ð1 ,QIRUPHV )75 0RGHOR HQ RSWL DG DL

&216758&725$ ,102%,/,$5,$ &RPSUD 7HUUHQRV )LQFDV +D FLHQGDV \ &DVD ,QIRUPHV 7HOp IRQR DL

85&848Ì KHFWiUHDV SOHQR SXH EOR WRGRV ORV VHUYLFLRV 7HOpIRQRV

DG DL

&2/(*,2 7e&1,&2 ´3$57,&8/$5 ,0%$<$µ

DG DL

6( $55,(1'$

PDV FRQGLFLRQHV SDSHOHV DO GtD ,QIRUPHV DO 7HOpI

+HUPRVRV PLQL GHSDUWDPHQWRV SDUD HVWXGLDQWHV XELFDGRV HQ HO EDUULR (O 2OLYR 8UEDQL]DFLyQ /RV DOLVRV FDOOH ´$µ /RWH $ SRFRV SDVRV GH OD 871 \ OD 8QLYHUVLGDG &DWyOLFD ,QIRUPDFLyQ DO WHOI DG DL

1HFHVLWD FRQWUDWDU SURIHVRUHV GH 0DWHPiWLFDV ,QJOpV /HQJXDMH

¢(67É6 (0%$5$=$'$"

,QWHUHVDGRV SUHVHQWDU FDUSHWDV KDVWD HO GtD PDUWHV GH HQHUR HQ 2WDYDOR &DOOH %ROtYDU \ -XDQ 0RQWDOYR WR 3LVR GH K D K &HO HK HV

6(f25,7$6 6( 9(1'( &$%(=$/ 0$&.

#+ĖũĉĎĎĈıĎĎĉũ 7ĖũĉĎĎĉıĈĊĎĔũ.ũ, 1! ũ ũ!4 +04(#1

GHSDUWDPHQWRV GRV GRUPLWRULRV VDOD FRFLQD EDxR YLGHR SRUWHUR JDUDMH HQ HO (MLGR GH ,EDUUD DYH QLGD 0DULDQR $FRVWD GH 'LFLHPEUH \ GH $JRV WR FDVD 7HOpIRQRV

HK HP

PU DW

9(1'2 &$6$ 7(55(126 -(7 6.< 6HFWRU $Y /RV 6DXFHV SDUTXHDGHUR YHKtFX ORV FRQVWUXFFLyQ PRGHUQD 7HUUHQR $Y GH -XOLR WHUUHQR %HOODYLVWD ,EDUUD -HW 6N\ PRWR GH DJXD ,QIRUPHV

9(1'2 7HUUHQR FRQ GHSDUWDPHQWR 8U EDQL]DFLyQ 1XHYR +RJDU &DU ORV 9LOODFtV \ (UQHVWR 0RQJH 7HOpIRQRV DG DL

.-3 !3.

$55,(1'2

HK HP

HK HP

*VU \U mYLH KL [LYYLUV T \IPJHKH LU *HUHU]HSSL LU SH HU[PN\H ]xH H <YJ\X\x [PLUL [VKVZ SVZ ZLY]PJPVZ -H]VY SSHTHY ZVSV PU[LYLZHKVZ!

/RWHV HQ (O 5HWRUQR FRQ À QDQ FLDPLHQWR UHFRUULGR JUDWLV ,Q IRUPHV DG DL

9(1'2

DL

VENDO LINDA CASA

$f2 18(92 7(55(12 18(92

'H H[FHOHQWH SUHVHQFLD SDUD DGPLQLVWUDU ORFDOHV FRPHUFLDOHV ,QIRUPHV DG DL

1(&(6,72 ,QVWDODGRU GH DODUPDV GH YHKtFXORV FRQ H[SHULHQ FLD ,QIRUPHV

1R WH SUHRFXSHV OOiPDQRV DEVROXWD GLVFUHVLyQ PU DW

9(1'2 +(5026$ &$6$

1XHYD GH KRUPLJyQ \ ODGULOOR HQ 8UEDQL]DFLyQ /D 4XLQWD FDOOH 6DOYDGRU 'DO\ \ -RUJH (GXDUGR 9LOODFtV ,QIRUPHV DG DL

#ũ+4-#2ũ ũ5(#1-#2ũ"#ũđĖććũ ũ ũĊĖććũ

%ULQGDPRV VHUYLFLRV SURIHVLRQDOHV 0RYL &ODUR & $ 0

(/ 32'(5 '( /$ 0(17(

=$0,5 (;3(572 ,17(51$&,21$/ (1 $0$55(6 '( $025

$WUDH HO DPRU GH WX YLGD SRU LPSRVLEOH TXH VHD QR LPSRUWD HO WLHPSR QL OD GLVWDQFLD UHJUHVR DO VHU DPDGR HQ KRUDV 7RWDOPHQWH KXPLOODGR D WXV SLHV $PDUUHV HWHUQRV FXUR PLJ KHFKL]RV \ VDODPLHQWRV +DJR OLPSLDV IORUHFLPLHQWRV OHYDQWR QHJRFLRV HPSUHVDV \ GR\ VXHUWH HQ HO DPRU

//$0( $+25$

DG DL

9(1'('25 3(&8$5,2 =21$ 1257(

$ 3 N P

9(1'2 &$6$

.1 1(.

+ 2($(! ".2ũ,(-Ì2!4+ 2ũĸĈĎũ/ + 1 2ĹũũũũŌĊēćć + 2($(! ".2ũ, 8Ì2!4+ 2ũĸĈĎũ/ + 1 2ĹũũũŌĊēĎć ( /.ũ.ũ!+ 2($.3.ũĸ, 8Ì2!4+ ĹũũũŌČēĎć + 1 ũ "(!(.- +ũũũŌĉēćć % ũ".2ũ"~ 2ũ8ũ/4 +~! 3#ũ%1 3(2ũ#-ũ666ē+ '.1 ē!.,

&21 &212&,0,(1726 (1 1875,&,Ð1 48( 9,9$ (1 /$ =21$ ,1',63(16$%/( 9(+Ì&8/2 (19,$5 +2-$ '( 9,'$ VHO SHUVRQDO#KRWPDLO FRP

9(1'2 9$//$ 38%/,&,7$5,$ ,1&/8<( (6758&785$ 0(7É/,&$ 6,67 &255($6 /21$ 38%/,&,7$5,$ ( ,167$/$&,Ð1 076 $/785$ &8$'52 '( ; ,1)250(6 PXOWLQHJRFLRV #\DKRR HV IS DW

(1 (/ 38<2 3529,1&,$ '( 3$67$=$ 9HQGR 5HVWDXUDQWH XELFDGR HQ OD YtD 3X\R 6KHOO D OD 3DQD PHULFDQD TXH FXHQWD DGHPiV FRQ XQ .DUDRNH WRWDOPHQWH HTXLSDGRV \ PX\ EXHQD FOLHQ WHOD ,QIRUPHV D ORV WHOpIRQRV 0RYL DG DL

&20$1'2 3$5$&$,',67$ 'H ODV )XHU]DV (VSHFLDOHV FRQ WtWXOR SURIHVLRQDO FRQ DxRV GH H[SHULHQFLD DGLHVWUR WRGD FODVH GH SHUURV QR VH GHMH HQJDxDU SRU IDOVRV DGLHVWUDGRUHV 3RU YD FDFLRQHV GR\ KRVSHGDMH EDxR FHSLOODMH \ FRUWH GH XxDV SDUD VXV SHUULWRV 7HOpIRQRV DG DL

5(0$72 &20('(526

6( 1(&(6,7$ -RYHQ KRPEUH R PXMHU SDUD WUDEDMDU HQ XQ EDU ,QIRUPHV DO DG DL

9HQGR FRPHGHURV GH SROORV GH PHGLR XVR H[FHOHQWH HVWD GR 3UHFLR F X ,QIRUPHV DG DL

DG DL

85*(17( 6H YHQGH SRU PRWLYR GH YLDMH XQ YHKt FXOR PDUFD 5(1$8/7 FRORU SORPR PR GHOR /2*$1 0 7 \ XQ FKH YUROHW $OWR FRORU EODQFR PRGHOR HQ SHUIHFWDV FRQGLFLRQHV GH IXQFLRQD PLHQWR ,QIRUPHV DO WHOI DG DL

'( 2325781,'$' 9HQGR R FDPELR FRQ FDUUR XQ &\EHU PiTXLQDV FDELQDV PXHEOHV FRPSOHWR HQ SHUIHFWR HVWDGR ,QIRUPHV D ORV WHOpIRQRV DG DL

6( $55,(1'$ 8Q GHSDUWDPHQWR \ XQD KDELWDFLyQ FRQ VX EDxR SURSLR HQ OD &GOD /RV &HLERV 5tR 3DWDWH \ /LWD ,Q IRUPHV DO DG DL

$55,(1'2

&DVD SRU HVWUHQDU PWV GH FRQV WUXFFLyQ GRUPLWRULRV EDxRV IUHQWH D FRQGRPLQLRV $WDEDOLSD HQ ,EDUUD ,QIRUPHV DL

$3529(&+( /$ *5$1 2325781,'$' 6H GLFWDQ FODVHV GH GLEXMR WpFQLFR

(1 48,72 /2&$/(6 &20(5&,$/(6

\ VH UHDOL]DQ WRGD FODVH GH GLEXMRV DUWtVWLFRV 7HOpIRQR

3RU HVWUHQDU P FRQ ERGHJD GH P \ SDU TXHR 0DxRVFD \ $PpULFD XQD FXDGUD 1 1 8 8

'( 2325781,'$' 9HQGR ZLQFKHU QXHYR FD SDFLGDG GH OLEUDV ,QIRUPHV

$5 FF

UFL IS

DR


ũũũũũũũũũ !

"6

,1)25&217

' # %

" & ' "

' $ % ! ' ( ' ' " " ! 8 *-0'1 4 -%$(3'02' '1/3),$ &- .)1- 9%),$ !'*(

" # &' $+ $ .+ 4 &' .+ $ .+ 5 &' $+ $ .+

,03257$17( 0(',2 '( &2081,&$&,Ð1 '37+'4' %1064#6#4

3(5,2',67$6 ',#4 *1,# &' 8+&# %10 (161)4#(Ó# '0 .# 5+)7+'06' &+4'%%+Ø0U ',Ó# GgIN '064' 7%4' ; 1%#(7'46'X &' .70'5 # 8+'40'5 '0 '. 5+)7+'06' *14#4+1 &' MUNN # EGUNN ; &' EIUNN # ELUNN

& # ( ' ! ! $" ! ! ) ! ! & #

!# ! % ( !! !

&DPSDxD GH OLPSLH]D SRU OD &LXGDG GH 7XOFiQ

ŏ āăŏ ŏ ŏĂĀāĂ

ŏ +. ŏ ġ āăŏ ŏ ŏĂĀāĂ

ŏ +. ŏ ġ

Ăā Ăā

9B7I?<?97:EI B7 >EH7 ?87HH70 &, ( /+,+&( 78/&$1 27$9$/2

.,26.2

´ /D &XHQFDQLWDµ 2)5(&(

! 6 !6!

" ! 7

6L QR D\XGDV D OLPSLDU QR D\XGHV D HQVXFLDU

#5(23 2Ĕũ/#1(¢"(!.2Ĕũ2.13#.2ũ"#ũ+.3#1~ Ĕũ+( 1.2ũ"#ũ !.!(- Ĕũ! -!(.-#1.2ũ8ũ+( 1.2ũ"#ũ,.3(5 !(¢-ēũ 104#ũ #-31 +ēũ #+_$.-.ĖũĉũĒđĈũćĊĒ

(035(6$ '( &2081,&$&,Ð1 '37+'4' %1064#6#4 .15 5'48+%+15 &' 70# 5'Ö14+6# U g '5+&+4 '0 6#8#.1 g 7'0# 4'5'0%+# g 101%+/+'0615 '0 #4-'6+0) ; 7$.+%+&#& 4'5'06#4 1,# &' +&# '0 .#5 5+)7+'06'5 &+4'%%+10'5U 6#8#.1U 7%4' HgEF '064' #.+0#5 ; 14#.'5 j'&+(+%+1 70# 7#5+ F&1T 2+51k $#44#U ',Ó# GgIN '064' 7%4' ; 1%#(7'46'T #&fFHFFFf#+

#&fFHFFGf#+

2325781,'$' EN TONSUPA ESMERALDAS VENDO ,U LS 4HSLJ}U MYLU[L HS THY /6;,3 KL [YLZ WSHU[HZ 05-694,:! 56*/, HK HP

2-2

&ODVHV 3(50$1(17(6 GH *XLWDUUD 3LDQR \ RWURV LQVWUXPHQWRV RIUHFH HO GLUHFWRU GH OD $FDGHPLD GH 0~VLFD 6DQWD &HFLOLD (Q HO KRUDULR GH OD WDUGH GH K D K &XHQWD FRQ LQVWUXPHQWRV SURSLRV 'LUHFFLyQ 72%,$6 0(1$ \ 0LJXHO $OEDQ FHUFD D OD ,JOHVLD GHO 'LYLQR 1LxR 7HOpI 3URIHVRU /LF -RUJH 3DVTXHO $

DL

029,1(7 2)5(&( 0$17(1,0,(172 '( &20387$'25$6 5('(6 78725,$ 5()(5(17( $ &20387$&,Ð1 &(/

.,26.2

´ /D &XHQFDQLWDµ 2)5(&(

#5(23 2Ĕũ/#1(¢"(!.2Ĕũ2.13#.2ũ"#ũ+.3#1~ Ĕũ+( 1.2ũ"#ũ !.!(- Ĕũ! -!(.-#1.2ũ8ũ+( 1.2ũ"#ũ,.3(5 !(¢-ēũ 104#ũ #-31 +ēũ #+_$.-.ĖũĉũĒđĈũćĊĒ

/(&+(5Ì$ $1',1$ 1HFHVLWD XQ GLVWULEXLGRU SDUD OD ]RQD GH &DUFKL LQGLVSHQVDEOH SRVHHU YHKtFXOR SURSLR WHQHU H[SHULHQFLD HQ YHQWD GH SURGXFWRV ODFWHRV \ FRQRFHU HO PHGLR ,QIRUPHV PU DW

&XDQGR FUXFH OD FDOOH KDJDOR VLHPSUH SRU ODV HVTXLQDV \ SRU OD ]RQD GH VHJXULGDG WRPDQGR ODV SUHFDXFLRQHV GHO FDVR

2UDFLyQ 0LODJURVD <hg _²h ^g M²% fb =bhl% IZ ]k^% Ab ch r >l i² kb mn LZg mh' Fb ¼gb \h LZe oZ ]hk% \hg mh ]Zl fbl _n^k sZl e^l ib ]h jn^ f^ \hg \^ ]Zg eZ `kZ \bZ jn^ mZg mh ]^ l^h !Ib ]Z mk^l ]^ l^hl ngh ]^ g^ `h \bhl r ]hl bf ih lb [e^l"' K^ \^ gn^ o^ o^ \^l Ze :o^ fZ k²Z ]n kZg m^ 2 ]²Zl% Ze gh o^ gh ]²Z in [eb jn^ ^l m^ Zgng \bh r l^ \nf ieb k§ Zng jn^ gh eh \k^Z% h[ l^k o^ eh jn^ h\n kkb k§ Ze \nZk mh ]²Z ]^ ln in [eb \Z \b·g' =hr `kZ \bZl ihk ^e _Z ohk k^ \b [b ]h' MN => OH MH F'K'@' k\b(*+,-

9B7I?<?97:EI Z[ :?7H?E B7 >EH7

ln f^chk Zem^kgZmboZ iZkZ \hfikZk r o^g]^k

K= F=;=KAL9 K=£GJAL9 9MPADA9J <= >9JE9;A9 &21 (;3(5,(1&,$ 3$5$ $7(1&,Ð1 $/ &/,(17( (1 68 ´ )$50$&,$µ 8%,&$'$ (1 $7817$48, )5(17( $/ 0(5&$'2 081,&,3$/ //$0$5 $/ 7(/e)212 DL -8',&,$/ 5(3Ô%/,&$ '(/ (&8$'25 -8=*$'2 6(*81'2 $'-8172 '( /$ 1,f(= < $'2/(6&(1&,$ '( ,%$55$ &,7$&,Ð1 -8',&,$/ $FWRU D 0$5Ì$ '2/25(6 ,%$'$1*2 62/$12 'HPDQGDGR D -2))5( *(29$1, &+,72 &+,72 &XDQWtD (;75$&72 $O VHxRU -2))5( *(29$1, &+,72 &+,72 VH OH KDFH VDEHU TXH HQ HVWD MXGLFDWXUD VH HVWi WUDPLWDQGR HO -XLFLR GH $OLPHQWRV 1R SRU SDUWH GH OD 6UD 0$5Ì$ '2 /25(6 ,%$'$1*2 62/$12 D IDYRU GH VX KLMR %5<$1 *(29$11, ,%$'$1*2 62/$ 12 FX\D SURYLGHQFLD VH WUDQVFULEH -8=*$'2 6(*81'2 '( 1,f(= < $'2 /(6&(1&,$ '( ,0%$%85$ ,EDUUD GH QRYLHPEUH GHO ODV K 9,6726 (O IRUPXODULR ~QLFR GH GHPDQGD GH GHFOD UDWRULD GH SDWHUQLGDG \ À MDFLyQ GH SHQVLyQ DOLPHQWLFLD SUHVHQWDGR SRU OD DFWRUD VHxRULWD 0$5Ì$ '2/25(6 ,%$'$1*2 62/$12 HV FODUR SUHFLVR FRPSOHWR \ UH~QH ORV GH PiV UHTXLVLWRV GH OH\ DFHSWiQGROR DO WUiPLWH HVWDEOHFLGR HQ HO &yGLJR GH OD 1LxH] \ $GR OHVFHQFLD 3RU DÀ PDU EDMR MXUDPHQWR OD DFWR UD HQ VX GHPDQGD TXH OH KD VLGR LPSRVLEOH GHWHUPLQDU OD LQGLYLGXDOLGDG R UHVLGHQFLD GHO VHxRU -2))5( *(29$1, &+,72 &+,72 GH OR FXDO VH OHYDQWy HO DFWD UHVSHFWLYD \ TXH FRQVWD GH DXWRV DVt FRPR VH KD GH PRVWUDGR KDEHU DJRWDGR ORV PHGLRV OHJDOHV FRQGXFHQWHV D GHWHUPLQDU OD LQGLYLGXDOLGDG R UHVLGHQFLD GHO GHPDQGDGR FtWHVH DO VH xRU -2))5( *(29$1, &+,72 &+,72 PH GLDQWH WUHV SXEOLFDFLRQHV TXH VH KDUiQ HQ HO 'LDULR /D +RUD TXH VH HGLWD HQ HVWD FLXGDG GH FRQIRUPLGDG FRQ OR HVWDEOHFLGR HQ HO $UW GHO &yGLJR GH 3URFHGLPLHQWR &LYLO SDUD OR FXDO VH FRQIHULUi HO H[WUDFWR QHFHVDULR EDMR SUHYHQFLRQHV DO GHPDQGDGR TXH GH QR FRPSDUHFHU VH SURFHGHUi HQ UHEHOGtD DG YLUWLpQGROH GH OD REOLJDFLyQ TXH WLHQH GH VH xDODU GRPLFLOLR MXGLFLDO HQ HVWD FLXGDG \ HOHF WUyQLFR SDUD VXV QRWLÀ FDFLRQHV DGHPiV HO GHPDQGDGR WLHQH OD REOLJDFLyQ GH DQXQFLDU

ORV PHGLRV SUREDWRULRV GH FRQIRUPLGDG FRQ HO DUWtFXOR LQQXPHUDGR GH OD /H\ 5HIRUPDWRULD DO 7tWXOR 9 GHO /LEUR ,, GHO &yGLJR GH OD 1LxH] \ $GROHVFHQFLD 6H À MD FRPR SHQVLyQ PHQVXDO SURYLVLRQDO DOL PHQWLFLD D IDYRU GHO DGROHVFHQWH %5<$1 *(29$11< ,%$'$1*2 62/$12 GH DxRV GH HGDG OD FDQWLGDG GH 6(7(17$ < 6(,6 'Ð/$5(6 '( /26 (67$'26 81,'26 '( 1257($0e5,&$ SRU QR KDEHUVH MXVWLÀ FDGR OD FRQGLFLyQ HFRQyPL FD GHO DOLPHQWDQWH HQ IRUPD SOHQD \ HQ EDVH D OD 7DEOD GH 3HQVLRQHV $OLPHQWL FLDV 0tQLPDV HQ YLJHQFLD TXH OR SDJDUi HO GHPDQGDGR VHxRU -2))5( *(29$1, &+,72 &+,72 GHVGH OD SUHVHQWDFLyQ GH OD GHPDQGD HVWR HV GHVGH HO PHV GH DJRVWR GHO GH FRQIRUPLGDG FRQ OR HVWDEOHFLGR HQ ORV DUWtFXORV LQQXPHUDGRV \ LEtGHP GXUDQWH ORV FLQFR SULPHURV GtDV GH FDGD PHV 8QD YH] TXH VHD FL WDGR HQ OHJDO IRUPD HO GHPDQGDGR VH RUGHQDUi OD UHDOL]DFLyQ GH OD SUXHED GH SDWHUQLGDG PHGLDQWH HVWXGLR GH $'1 iFL GR GHVR[LUULERQXFOHLFR H LQPHGLDWDPHQ WH GHVSXpV VH FRQYRFDUi D ODV SDUWHV D OD DXGLHQFLD ~QLFD GH FRQIRUPLGDG FRQ HO DUW LQQXPHUDGR \ GH OD /H\ 5HIRU PDWRULD DO 7tWXOR 9 GHO /LEUR ,, GHO &yGLJR GH OD 1LxH] \ $GROHVFHQFLD $JUpJXHVH OD SDUWLGD GH QDFLPLHQWR \ ODV SUXHEDV TXH DGMXQWD OD DFWRUD WpQJDVH HQ FXHQWD OD SUXHED DQXQFLDGD HQ VX GHPDQGD HQ HO QXPHUDO OLWHUDO G DVt FRPR VX FXDQWtD VX DERJDGR GHIHQVRU \ FDVLOOHUR MXGLFLDO VHxDODGR $FW~H HQ OD SUHVHQWH FDXVD HO 'U 0DUFHOR +XDFD HQ FDOLGDG GH VHFUH WDULR DGMXQWR GH HVWH GHVSDFKR &Ì7(6( < 127,)Ì48(6( I 'U )UDQFLVFR $ODU FyQ (O -XH] /R TXH FLWR D XVWHG SDUD ORV À QHV GH OH\ SUHYLQLpQGROH GH OD REOLJDFLyQ TXH WLHQH GH VHxDODU FDVLOOHRU MXGLFLDO HQ HVWD FLX GDG GH ,EDUUD SDUD IXWXUDV QRWLÀ FDFLRQHV ,EDUUD GH QRYLHPEUH GH 'U 0DUFHOR +XDFD 6HFUHWDULR $GMXQWR $G DL


ŏ ŏ

ŏ

ŏ ŏ

ŏ

ĂĂ

ŏŏ 7 ŏŏ āăŏ ŏ ŏĂĀāĂŏ āăŏ ŏ ŏĂĀāĂ ĀĂŏ ŏ ŏĂĀāĀ

ŏ +. ŏ ġ

-8',&,$/ -8=*$'2 &8$572 '( /2 &,9,/ '( 3,&+,1&+$ $9,62 -8',&,$/ '( 5(0$7( 6H KDFH FRQRFHU DO S~EOLFR HQ JHQHUDO SDUD ORV ILQHV GH /H\ FRQVLJXLHQWHV TXH SRU GLVSRVL FLyQ GHO VHxRU -XH] &XDUWR GH OR &LYLO GH 3LFKLQFKD GLFWDGD HQ OD FDXVD (-(&87,92 1R 3&+ HO GtD TXH FRQWD UHPRV GH )HEUHUR GH GHVGH ODV WUHFH KDVWD ODV GLHFL VLHWH KRUDV HQ OD 6HFUHWDUtD GH HVWD MXGLFDWXUD VH HIHFWXDUi HO 5HPDWH GHO ELHQ LQPXHEOH HP EDUJDGR FX\DV FDUDFWHUtVWLFDV VH GHWDOODQ D FRQWLQXDFLyQ 8%,&$&,Ð1 '(/ ,108(%/( (O LQPXHEOH PDWHULD GHO SUH VHQWH UHPDWH FRQVLVWH HQ XQ ORWH GH WHUUHQR \ FRQVWUXFFLyQ FRPSXHVWD GH 3ODQWD %DMD GH ORV QLYHOHV HQ 3ULPHU 3LVR $OWR \ 6HJXQGR 3LVR $OWR GH FHPHQWR DUPDGR \ HQOXFLGRV XELFDGR HQ OD 6HJXQGD /tQHD IpUUHD %DUULR 1XHYR GH OD SDUURTXLD (O -RUGiQ GHO FDQWyQ 2WDYDOR SURYLQFLD GH ,PEDEXUD HO PLV PR TXH WLHQH ORV VLJXLHQWHV OLQGHURV 1257( FRQ SURSLHGDG GH 0HU FHGHV 9iVTXH] HQ XQD ORQJLWXG GH PHWURV 685 FRQ SURSLHGDG GH 0DQXHO /HPD HQ XQD ORQJLWXG GH PHWURV FHQWtPHWURV (67( FRQ FDOOH S~EOLFD GH GHQRPLQDGD 6HJXQGD /tQHD )pUUHD HQ XQD ORQJLWXG GH PHWURV FRQ FHQWtPHWURV \ 2(67( FRQ SURSLHGDG GH /XLV $UHOODQR H XQD ORQJLWXG GH PHWURV FRQ FHQWtPHWURV (O UHIHULGR LQPXHEOH WLHQH XQD VXSHUILFLH GH PHWURV FXD GUDGRV FRQ FHQWtPHWURV FXDGUDGRV &$5$&7(5,67,&$6 ),6,&$6 (O LQPXHEOH PDWHULD GH SHULFLD VH HQFXHQWUD HPSOD]DGR GHQWUR GH OD ]RQD XUEDQD FRQVROLGDGD GHO FDQWyQ 2WDYDOR HQ VX HQWRU QR XUEDQR LQPHGLDWR VH ORFDOL ]DQ FRQVWUXFFLRQHV GHVWLQDGDV SDUD YLYLHQGD HQ VX HQWRUQR XUEDQR LQPHGLDWR VH HQFXHQWUD XQD SODWDIRUPD GHVWLQDGD SDUD OD FRPHUFLDOL]DFLyQ GH SURGXF WRV SHUHFLEOHV IHULD HTXLSD PLHQWR UHOLJLRVR ,JOHVLD $9$/82 '(/ ,108(%/( 2&+(17$ < 2&+2 0,/ 129( &,(1726 6(7(17$ < 18(9( '2/$5(6 &21 ',(&,2&+2 &(17$926 '( '2/$5(6 3RU WUDWDUVH GHO SULPHU VHxD ODPLHQWR WRGD SRVWXUD GHEHUi FXEULU SRU OR PHQRV ODV GRV WHUFHUDV SDUWHV GHO DYDO~R SUDF WLFDGR $ FDGD SRVWXUD GHEHUi DFRPSDxDUVH HO GLH] SRU FLHQWR GHO YDORU GH OD RIHUWD HQ GLQHUR HQ HIHFWLYR R HQ FKHTXH FHUWL ILFDGR D OD RUGHQ GH HVWD -XGL FDWXUD &HUWLILFR 4XLWR GH 'LFLHPEUH GH 'UD (OL]DEHWK &HGHxR 0 6(&5(7$5,$ +D\ XQ VHOOR $ & -8=*$'2 7(5&(52 '( /2 &,9,/ '( ,%$55$ &,7$&,Ð1 -8',&,$/ (;75$&72 $/ '(0$1'$'2 VHxRU 20$5 ('*$5 0(-Ì$ ,0%$48,1*2 FRQ OD GHPDQGD (-(&87,9$ 1UR TXH SRU &2%52 '( ',1(52 VLJXH (',621 5(1( <e3(= $/0(,'$ -8(= 'U 0DULR 9LOOHJDV =XPi UUDJD 6(&5(7$5,2 'U )UDQFLVFR /R]D &8$17Ì$ RR &$6,//(52 '(/ $&725 1UR GHO 'U )DELiQ 5LYHUD 9iV TXH] -8=*$'2 7(5&(52 '( /2 &,9,/ '( ,0%$%85$ ,EDUUD PLpUFROHV GH DEULO GHO ODV K 9,6726 /D GHPDQGD TXH DQWHFHGH HV FODUD SUHFLVD UH~QH ORV UHTXLVLWRV OHJDOHV SRU OR TXH VH OH DGPLWH DO WUiPLWH (MH FXWLYR TXH OH FRUUHVSRQGH &RQ OD FRSLD GH OD GHPDQGD \ HVWH DXWR FtWHVH DO GHPDQGDGR 2PDU (GJDU 0HMtD ,PEDTXLQJR SRU OD SUHQVD WRGD YH] TXH HO DFWRU FRQ MXUDPHQWR GHFODUD GHVFRQRFHU HO GRPLFLOLR \ UHVLGHQFLD GH pVWH HQ XQR GH ORV GLDULRV GH PD\RU FLUFX ODFLyQ GH HVWD FLXGDG GH ,EDUUD D ÀQ GH TXH HQ HO WpUPLQR GH WUHV GtDV SDJXHQ HO YDORU GHPDQGDGR R GHGX]FD H[FHSFLRQHV EDMR SUH YHQFLRQHV GH VHQWHQFLD 3UHYLD PHQWH VH RUGHQD OD SURKLELFLyQ GH HQDMHQDU GH ODV DFFLRQHV \ GH UHFKRV TXH HQ HO GHO LQPXH EOH FX\RV OLQGHURV \ PDV HVSHFL ÀFDFLRQHV FRQVWDQ GHO SURFHVR OH FRUUHVSRQGHQ DO GHPDQGDGR SDUD OR FXDO QRWLItTXHVH DO VHxRU 5HJLVWUDGRU GH OD 3URSLHGDG GHO

&DQWyQ +XDFD PHGLDQWH GHSUH FDWRULR /LEUDGR DO VHxRU -XH] GH OR &LYLO GH +XDFD $JUpJXHVH DO SURFHVR OD GRFXPHQWDFLyQ DG MXQWD D OD GHPDQGD 7pQJDVH HQ FXHQWD OD FXDQWtD WUiPLWH \ FDVL OOHUR MXGLFLDO VHxDODGR SRU HO DFWRU SDUD VXV QRWLÀFDFLRQHV &Ì7(6( < 127,)Ì48(6( ) 'U 0DULR 9LOOHJDV =XPiUUDJD -8(= /R TXH &,72 D 8G 3DUD ORV À QHV OHJDOHV SUHYLQLpQGROH GH OD REOLJDFLyQ TXH WLHQH GH VHxDODU FDVLOOHUR MXGLFLDO GHQWUR GHO SHUt PHWUR OHJDO GH HVWH -X]JDGR SDUD IXWXUDV QRWLÀFDFLRQHV ,EDUUD GLFLHPEUH GHO 'U )UDQFLVFR /R]D / 6(&5(7$5,2 +D\ ÀUPD \ VHOOR $G DL

5(3Ô%/,&$ '(/ (&8$'25 -8=*$'2 6(*81'2 $'-8172 '( /$ 1,f(= < $'2/(6&(1&,$ '( ,%$55$ &,7$&,Ð1 -8',&,$/ $FWRU D $'$ /8&Ì$ 0$5&, //2 $1'5$'( 'HPDQGDGR D 3$%/2 ,9É1 $1'5$'( *$5=Ð1 &XDQWtD ,QGHWHUPLQDGD (;75$&72 $O VHxRU 3$%/2 ,9É1 $1'5$ '( *$5=Ð1 VH OH KDFH VDEHU TXH HQ HVWD MXGLFDWXUD VH HVWi WUDPLWDQGR HO -XLFLR GH $XWRUL]D FLyQ GH 6DOLGD GHO 3DtV 1R SRU SDUWH GH OD 6UD $'$ /8&Ì$ 0$5&,//2 $1'5$'( D IDYRU GH VX KLMR 3$%/2 ,9É1 $1'5$'( 0$5&,//2 FX\D SURYLGHQFLD VH WUDQVFULEH -8=*$'2 6(*81'2 '( 1, f(= < $'2/(6&(1&,$ '( ,0%$%85$ ,EDUUD GH HQHUR GHO ODV K 9,6726 $YRFR FRQRFLPLHQWR GH OD SUHVHQWH FDXVD HQ PL FDOLGDG GH -XH] 7HPSRUDO GHO -X]JDGR 6HJXQGR $GMXQWR GH OD 1LxH] \ $GROHVFHQFLD GH ,PEDEXUD GH FRQIRUPLGDG DO RÀFLR 1R '3, &- GHO GH (QHUR GHO (Q OR SULQFLSDO OD GHPDQGD GH $X WRUL]DFLyQ GH 6DOLGD GHO 3DtV SUHVHQWDGD SRU $GD /XFtD 0DU FLOOR $QGUDGH HV FODUD SUHFLVD \ UH~QH ORV UHTXLVLWRV GH /H\ SRU OR TXH VH OD DFHSWD DO WUi PLWH FRQWHQFLRVR JHQHUDO GHO $UW GHO &yGLJR GH OD 1LxH] \ $GROHVFHQFLD &tWHVH FRQ OD GHPDQGD \ HO SUHVHQWH DXWR DO VHxRU 3$%/2 ,9É1 $1'5$'( *$5=Ð1 PHGLDQWH WUHV SXEOL FDFLRQHV TXH VH KDUiQ FDGD XQD GH HOODV HQ IHFKD GLVWLQWD HQ XQR GH ORV 'LDULRV GH PD\RU FLUFXODFLyQ UHJLRQDO \ TXH VH HGLWDQ HQ HVWD FLXGDG GH ,EDUUD FRQIRUPH RUGHQD H $UW GHO &yGLJR GH 3URFHGLPLHQWR &LYLO SUHYLQLpQGROH DO 'HPDQGDGR OD REOLJDFLyQ TXH WLHQH GH VHxDODU GRPLFLOLR OHJDO SDUD VXV QRWLÀ FDFLRQHV $JUpJXHVH OD GRFX PHQWDFLyQ TXH DGMXQWD 7yPHVH HQ FXHQWD OD FXDQWtD FDVLOOHUR MXGLFLDO VHxDODGR \ OD IDFXOWDG FRQIHULGD D VX $ERJDGR SDWUR FLQDGRU $FW~H HQ OD SUHVHQWH FDXVD HO 'U 0DUFHOR +XDFD HQ FDOLGDG GH 6HFUHWDULR $GMXQWR GH HVWH GHVSDFKR &Ì7(6( < 127Ì),48(6( I 'U )UDQFLV FR $ODUQFyQ (O -XH] /R TXH FLWR D XVWHG SDUD ORV À QHV GH OH\ SUHYLQLpQGROH GH OD REOLJDFLyQ TXH WLHQH GH VHxDUDU FDVLOOHUR MXGLFLDO HQ HVWD FLXGDG GH ,EDUUD SDUD IXWXUDV QRWLÀFD FLRQHV ,EDUUD

GH HQHUR GH

'U 0DUFHOR +XDFD 6HFUHWDULR $GMXQWR +D\ ÀUPD \ VHOOR $G DL

5(3Ô%/,&$ '(/ (&8$'25 -8=*$'2 7(5&(52 '( /2 &,9,/ '(/ &$5&+, (;75$&72 '( &,7$&,Ð1 -8',&,$/ &,7(6( $ 5$Ô/ &$,=$/,7,1 *8+,6&$62 < 0$5,$ &$5 0(1 52-$6 %(1$9,'(6 -8,&,2 '(0$5&$&,Ð1 '( /,1'(526 1R $&725 0$18(/ 0(6Ì$6 '(/*$'2 /8&(52 < ;,0( 1$ /8&Ì$ )/25(6 *Ð0(= -85$'2 '(0$1'$'2 5$Ô/ &$,=$ /,7,1 *8+,6&$62 < 0$5Ì$ '(/ &$50(1 52-$6 %(1$

9,'(6 &8$17,$ ,1'(7(50,1$'$ 2%-(72 48( (1 6(7(1&,$ 6( ),-( (/ 9(5'$'(52 /,1'(52 '( $&8(5'2 $/ 7,78/2 '( 3523,('$' < &(57,),&$'2 &21)(5,'2 325 (/ 5(*,6752 '( /$ 3523,('$' '(/ &$17Ð1 78/&É1 3529,'(1&,$ ´-8=*$'2 7(5&(52 '( /2 &,9,/ 0(5 &$17,/ ( ,148,/,7$12 '(/ &$5&+, 7XOFiQ OXQHV GH MXOLR GHO ODV K 9,6 726 (Q PpULWR GHO VRUWHR UHD OL]DGR \ OD UD]yQ TXH DQWHFHGH DYRFR FRQRFLPLHQWR GH OD SUH VHQWH FDXVD (Q OR SULQFLSDO OD GHPDQGD TXH DQWHFHGH HV FOD UD \ UH~QH ORV UHTXLVLWRV GH /H\ HQ FRQVHFXHQFLD VH OD DGPLWH D WUiPLWH OHJDO FRUUHVSRQGLHQ WH $JUpJXHVH DO SURFHVR OD GRFXPHQWDFLyQ DSDUHMDGD D OD GHPDQGD 3URFpGDVH DO GHVOLQ GH \ DPRMRQDPLHQWR GH OD SUR SLHGDG HQ PHQFLyQ SDUD OR FXDO RSRUWXQDPHQWH VH VHxDODUi GtD \ KRUD SDUD OD GLOLJHQFLD VROLFL WDGD HQ HO LQPXHEOH PDWHULD GH OD OLWLV GHELHQGR ODV SDUWHV HVWD D OR GLVSXHVWR HQ ORV $UWV \ VLJXLHQWHV GHO &yGLJR GH 3UR FHGLPLHQWR &LYLO GLOLJHQFLD HQ OD TXH VH FRQWDUi FRQ OD LQWHU YHQFLyQ GH XQ SHULWR SRU OR FXDO VH GHVLJQD DO ,QJ -RVp 0DUtD 9HODVFR TXLpQ VHUi SRVHVLRQD GR DO PRPHQWR PLVPR GH OD GL OLJHQFLD 7DQWR OD SDUWH DFWRUD F RPR OD SDUWH GHPDQGDGD FRQ FXUULUiQ D HVWD GLOLJHQFLD FRQ ORV GRFXPHQWRV WtWXORV \ WHVWL JRV SURFHGLpQGRVH HQ UHEHOGtD GH ORV TXH QR FRQFXUULHUHQ 'H FRQIRUPLGDG FRQ OR SUHVFULWR HQ HO $UW GHO &yGLJR GH 3URFHGLPLHQWR &LYLO LQVFUtED VH OD SUHVHQWH GHPDQGD HQ HO 5HJLVWUR GH OD 3URSLHGDG GHO &DQWyQ 7XOFiQ &RQ FRSLD GH OD GHPDQGD \ HVWD SURYLGHQFLD &tWHVH D ORV GHPDQGDGRV VHxR UHV 5D~O &DL]DOLWLQ *XKLVFDVR \ 0DUtD GHO &DUPHQ 5RMDV %H QDYLGHV HQ OD FLXGDG GH 4XWLR HQ HO 3DVDMH . ² 0RQMDV -DUGtQ GHO 9DOOH SDUD OR FXDO VH GHSUHFDUi D XQR GH ORV VH xRUHV -XHFHV GH OR &LYLO GH OD 3URYLQFLD GH 3LFKLQFKD FRQ DVLHQWR HQ OD FLXGDG GH 4XLWR D ÀQ GH TXH RUGHQH OD FLWDFLyQ FRUUHVSRQGLHQWH DO TXH VH OH RIUHFH UHFLSURFLGDG HQ FDVRV DQiORJLFRV 7yPHVH HQ FXHQWD OD FXDQWtD ÀMDGD \ HO FDVLOOHUR MXGLFLDO 1R SDUD ODV QRWLÀ FDFLRQHV TXH OH FRUUHVSRQGDQ DVLJQDGR DO 'U 5D~O 9HODVFR (QUtTXH] SURIHVLRQDO DO TXH GH VLJQDQ FRQR VX GHIHQVRU DO TXH IDFXOWDQ SDUD TXH D VX QRPEUH \ UHSUHVHQWDFLyQ \ FRQ VX VROD VXVFULED ORV HVFULWRV TXH VHDQ QHFHVDULRV HQ GHIHQVD GH VXV LQWHUHVHV 6H UHTXLHUH D ORV DFFLRQDQWHV TXH HQ HO WpUPLQR GH WUHV GtDV GHQ FXPSOLPLHQWR D ORV GLVSXHVWR HQ HO $UW GHO &yGLJR GH 3URFHGLPLHQWR &LYLO &tWHVH \ 1RWLItTXHVH I $EJ 6DQWLDJR )LHUUR 8UUHVWD -8(= 7(0325$/ -8=*$'2 7(5&(52 '( /2 &,9,/ '(/ &$5&+, 7XOFiQ PLpUFROHV GH QRYLHPEUH GHO ODV K 9,6726 $JUpJXHVH DO SURFHVR HO HVFULWR \ GRFXPHQ WDFLyQ SUHVHQWDGD SRU SDUWH GH ORV DFFLRQDQWHV GH OD SUHVHQWH FDXVD (Q OR SULQFLSDO 'H FRQ IRUPLGDG FRQ OR TXH GLVSRQH HO $UW GHO &yGLJR GH 3URFHGL PLHQWR &LYLO D OD UHIRUPD GDGD D OD GHPDQGD VH OD FDOLÀFD GH FODUD SUHFLVD \ GH UH~QLU ORV UHTXLVLWRV TXH H[LJH OD /H\ SRU OR TXH VH OD DFHSWD D WUiPLWH 3UHYLDPHQWH D SURYHHU OR TXH IXHUH GH OH\ ORV DFFLRQDQWHV GH OD 3UHVHQWH FDXVD GHQ FXPSOLPLHQWR D OR RUGHQDGR HQ HO $UW GHO &yGLJR GH 3URFH GLPLHQWR &LYLO 1RWLItTXHVH I $EJ 6DQWLDJR )LHUUR 8UUHVWD -8(= 7(0325$/ -8=*$'2 7(5&(52 '( /2 &,9,/ '(/ &$5&+, 7XOFiQ YLHUQHV GH GLFLHPEUH GHO ODV K 9,6726 3RU FXDQWR HO VHxRU ,QJ /XLV $QtEDO 1DUYiH] /HyQ HQ VX FDOLGDG GH 3URFXUDGRU &RP~Q D GDGR FXPSOLPLHQWR D OR GLVSXHVWR HQ HO $UW GHO &yGLJR GH 3URFHGLPLHQWR &LYLO VH GLVSRQH TXH D ORV GHPDQ GDQWHV VHxRUHV 5D~O &DL]DOLWLQ *XKLVFDVR \ 0DULD GHO &DUPHQ 5RMDV %HQDYLGHV VH OR FLWH FRQ HO H[WUDFWR GH OD GHPDQGD UH IRUPD D OD PLVPD \ SURYLGHQ FLDV UHVSHFWLYDV PHGLDQWH WUHV SXEOLFDFLRQHV TXH VH UHDOL]DUiQ HQ XQR GH ORV GLDULRV GH PD\RU FLUFXODFLyQ GH HVWD SURYLQFLD ´'LDULR /D +RUDµ SDUD OR FXDO OD VHxRUD 6HFUHWDULD HODERUDUi HO H[WUDFWR UHVSHFWLYR HQ OR GH PiV VH HVWDUi D OR RUGHQDGR HQ DXWR FDOLÀFDFLyQ &tWHVH \ 1RWL ItTXHVH I $EJ 6DQWLDJR )LHUUR 8UUHVWD -8(= 7(0325$/ /R TXH SRQJR HQ FRQRFLPLHQWR GH OR FLWDGRV SUHYLQLpQGROHV GH OD REOLJDFLyQ TXH WLHQHQ GH VH xDODU FDVLOOHUR MXGLFLDO SDUD VXV QRWLÀFDFLRQHV &HUWLÀFR 'UD <RODQGD 7REDU %HFHUUD 6(&5(7$5,$ 0U DW

5(3Ô%/,&$ '(/ (&8$'25 (;75$&72 '( &,7$&,Ð1

-8',&,$/ 1R -8=*$'2 '( /$ 1,f(= < $'2/(6&(1&,$ $&725$ (63(5$1=$ '(/ &$50(1 &8$6$7$5 0(-,$ '(0$1'$'2 -8$1 &$5/26 58$12 &8$638' &$86$ $/,0(1726 $/ '(0$1'$'2 6(f25 -8$1 &$5/26 58$12 &8$638' 6( /( +$&( 6$ %(5 48( (1 (67( -8=*$'2 6( (67$ 75$0,7$1'2 /$ '(0$1'$ '( $/,0(1726 1R 48( 6,*8( (/ 657$ (63(5$1=$ '(/ &$50(1 &8$6$7$5 0(-,$ < &8<$ 3529,'(1&,$ 6( 75$16&5,%( -8=*$'2 '( /$ 1,f(= < $'2/(6&(1&,$ '(/ &$5 &+, 7XOFiQ OXQHV GLHFLVLHWH GH RFWXEUH GHO ODV K 9,6726 $YRFR FRQRFLPLHQWR OD SUHVHQWH FDXVD GH SHQVLyQ DOLPHQWLFLD HQ PL FDOLGDG GH -XH] $GMXQWR SRU HQFRQWUDUVH YLJHQWH HO &yGLJR GH OD 1LxH] \ $GROHVFHQFLD (Q OR SULQFLSDO OD GHPDQGD SUHVHQWDGD SRU OD VHxRU (63(5$1=$ '(/ &$5 0(1 &8$6$7$5 0(-,$ HQ FRQWUD GHO 6HxRU -8$1 &$5 /26 58$12 &8$638' VH OD FDOLÀFD GH FODUD FRPSOHWD \ UH ~QH ORV UHTXLVLWRV GH OH\ SRU OR TXH VH OD DFHSWD DO WUiPLWH &RQ WHQFLRVR $GPLQLVWUDWLYR *HQHUDO HVWDEOHFLGR HQ HO &yGLJR GH OD 1LxH] \ $GROHVFHQFLD VH WRPD HQ FXDQWD DO 'U -XDQ &DUORV 9LOODUUHDO FRQ &DVLOOHUR -XGLFLDO 1R SDUD TXH UHSUHVHQWH DO UHFODPDQWH HQ OD SUHVHQWH FDXVD 6H ÀMD FRPR 3(16,Ð1 3529,6,21$/ DOLPHQWLFLD D IDYRU GH OD DOLPHQWDUtD .$5/$ %5,*+,7 &8$6$7$5 0(-,$ QDFLGD HO GH (QHUR GHO OD VXPD GH 6(7(17$ < '26 'Ð/$5(6 '( /26 (67$'26 81,'26 '( $0e5,&$ SDUD OD PHQRU DQWH LQGLFDGD SRU 12 KDEHU MXVWLÀFDGR OD FRQGLFLyQ HFRQyPLFD GHO DOLPHQWDQWH TXLpQ GHEHUi SDJDU GHVGH OD SUHVHQWDFLyQ FRQ OD GHPDQGD GH FRQIRUPLGDG FRQ OR HVWDEOH FLGR HQ ORV $UWV ,QQXPHUDGRV \ GH OD /H\ UHIRUPDWRULD DO 7tWXOR 9 /LEUR ,, GH &yGLJR GH OD 1LxH] \ $GROHVFHQFLD GXUDQWH ORV FLQFR SULPHURV GtDV GH FDGD PHV GH FRQIRUPLGDG FRQ OD WD EOD GH SHQVLRQHV DOLPHQWLFLDV PtQLPDV TXH VH HQFXHQWUDQ ÀMDGDV SRU HO &RQVHMR 1DFLRQDO GH OD 1LxH] \ $GROHVFHQFLD 3DUD OD GLOLJHQFLD GH FLWDFLyQ DO GHPDQGDGR UHPtWDVH DWHQWD &20,6,Ð1 OLEUDGD DO VHxRU 7H QLHQWH 3ROtWLFR GH OD 3DUURTXLD GH &XVXEDPED GHO FDQWyQ &D\DPEH \ VHD FLWDGD HQ VX GRPLFLOLR TXH OR WLHQH XELFDGR HQ HO 3DUWLGHUR D &XVXEDPED IUHQWH D OD SDUDGD GH EXVHV (O 4XLQFKH GH GLFKD SDUURTXLD &DQWyQ &D\DPEH 3URYLQFLD GH 3LFKLQFKD &LWDGR TXH VH HO GHPDQGDGR HQ OHJDO IRUPD VH FRQYRFDUi D ODV SDUWHV D OD DXGLHQFLD ~QLFD GH FRQIRU PLGDG FRQ OR HVWDEOHFLGR HQ HO $UW ,QQXPHUDGR ,ELGHP D ÀQ GH TXH FRQWHVWH HQ HO WpUPL QR OHJDO FRUUHVSRQGLHQWH \ GH FRQIRUPLGDG FRQ ORV $UWV GHO &yGLJR GH 3URFHGLPLHQWR &LYLO VHxDOH GRPLFLOLR MXGLFLDO SDUD UHFLELU VXV SRVWHULRUHV QRWLÀFDFLRQHV DQXQFLDQGR VXV PHGLRV SUREDWRULR UHVSHFWL YRV FRQIRUPH OR GHWHUPLQD HO $UW ,QQXPHUDGR GH OD /H\ UHIRUPDWRULD SUHYLQLpQGROHV TXH HQ FDVR GH QR FRQWHVWDU QL VHxDODU GRPLFLOLR SDUD VXV QRWLÀFDFLRQHV VH VHJXLUi FRQ OD SUHVHQWH FDXVD HQ VX UHEHOGtD 7pQJDVH HQ FXHQWD OD SUXHED DQXQFLDGD SRU OD SDUWH DFWRUD \ HO GRPLFLOLR VHxDODGR SDUD VXV SRVWHULRUHV QRWLÀFDFLRQHV DJUpJXHVH OD GRFXPHQWDFLyQ DGMXQWD D OD GHPDQGD 12 7Ì),48(6( -8=*$'2 '( /$ 1,f(= < $'2/(6&(1&,$ '(/ &$17Ð1 78/&É1 7XO FiQ YLHUQHV GH GLFLHPEUH GHO ODV K $JUpJXHVH DO SURFHVR HO HVFULWR SUHVHQWDGR DWHQWR SHWLFLyQ TXH DQWHFHGH GH FRQIRUPLGDG D OR GLVSXHV WR HQ HO $UW GHO &yGLJR GH 3URFHGLPLHQWR &LYLO YLJHQWH FRPSDUH]FD D HVWH -X]JDGR \ EDMR MXUDPHQWR PDQLÀHVWH GHVFRQRFHU DO LQGLYLGXDOLGDG \ UHVLGHQFLD GHO VHxRU -8$1 &$5/26 58$12 &8$638' 127Ì),48(6( -8=*$'2 '( /$ 1,f(= < $'2/(6&(1 &,$ '(/ &$17Ð1 78/&É1 7XOFiQ MXHYHV GH GLFLHPEUH GHO ODV + 8QD YH] TXH OD UHFODPDQWH D UHFRQRFLGR ÀUPD \ U~EULFD VREUH HO GHVFR QRFLPLHQWR GH OD LQGLYLGXDOLGDG \ UHVLGHQFLD GHO GHPDQGDGR 6U -8$1 &$5/26 58$12 &8$38' &tWHVH DO GHPDQGD GR PHGLDQWH WUHV SXEOLFDFLRQHV TXH VH UHDOL]DUi FDGD XQD GH HOODV HQ IHFKDV GLVWLQWDV HQ XQ SHULyGLFR GH DPSOLD FLUFXODFLyQ GHO OXJDU \ FRPR DVt OR GHWHUPL QD HO $UW GHO &yGLJR GH 3UR FHGLPLHQWR &LYLO &RQÀpUDVH HO H[WUDFWR MXGLFLDO UHVSHFWLYR 127,)Ì48(6( '5 ('*$5 26:$/'2 &$'(1$ 257,= -8(= $'-8172 'U %\URQ 6RUtD /DQGD]XUL

6(&5(7$5,2 $' +2& '(/ -8=*$'2 $'-817$ '( /$ 1,f(= < $'2/(6&(1&,$ '(/ &$1 7Ð1 78/&É1 +D\ ÀUPD \ VHOOR 0U DW

5(3Ô%/,&$ '(/ (&8$'25 (;75$&72 '( &,7$&,Ð1 -8',&,$/ -8=*$'2 48,172 '( /2 &,9,/ '(/ &$5&+, 6H SRQH HQ FRQRFLPLHQWR TXH HQ HVWD MXGLFDWXUD VH HVWD WUD PLWDQGR HO -XLFLR 6XPDULR GH &RQVLJQDFLyQ \ 5HTXHULPLHQWR -XGLFLDO 1R TXH VL JXH (O 'U -XDQ $FRVWD 3XVGi \ 'U -RVp (OLpFHU 7LULUD &KXOGH $OFDOGH \ 3URFXUDGRU 6LQGLFR GHO *RELHUQR 0XQLFLSDO GHO &DQWyQ 0RQW~IDU (;75$&72 &,7(6( $ &$50,7$ (67+( /$ 9$&$ -,0(1(= /$852 26:$/'2 9$&$ -,0(1(= 2/*$ 0$5,$ 9$&$ -,0(1(= < =2,/$ 9,&725,$ 9$&$ -, 0(1(= $&725 'U -8$1 -26( $&267$ 386'$ < 'U -26( (/,(&(5 7,7,5$ &+8/'( $/&$/'( < 352&85$'25 6,1',&2 '(/ *2%,(512 081,&,3$/ '(/ &$17Ð1 0217Ô)$5 '(0$1'$'26 &$50,7$ (6 7+(/$ 9$&$ -,0(1(= *$/2 5(1$1 9$&$ -,0(1(= /$8 52 26:$/'2 9$&$ -,0( 1(= 0$57+$ &(&,/,$ 9$&$ -,0(1(= 2/*$ 0$5,$ 9$&$ -,0(1(= < =2,/$ 9,&725,$ 9$&$ -,0(1(= -8,&,2 680$5,2 '( &21 6,*1$&,Ð1 < 5(48(5,0,(1 726 -8',&,$/ 1R &8$17,$ ',(= < 2&+2 0,/ &8$752&,(1726 9(,17( < 6,(7( '2/$5(6 &21 6( 7(17$ &$17$926 6(f25 -8(= 48,172 '( /2 &,9,/ '(/ &$5&+, 12627526 'U -XDQ -RVp $FRVWD 3XVGi \ 'U -RVp (OLpFHU 7LULUD &KXOGH HQ QXHVWUDV FDOL GDGHV GH $OFDOGH \ 3URFXUDGRU 6LQGLFR HQ VX RUGHQ UHSUHVHQ WDQWHV OHJDOHV GHO *RELHUQR 0X QLFLSDO GH 0RQW~IDU FRQIRUPH OR HVWDEOHFH HO OLWHUDO D GHO $UW GHO &yGLJR 2UJiQLFR GH 2UJD QL]DFLyQ 7HUULWRULDO $XWRQRPtD \ 'HVFHQWUDOL]DGR HFXDWRULD QRV GH DxRV GH HGDG GR PLFLOLDGRV HQ OD FLXGDG GH 6DQ *DEULHO &DQWyQ 0RQW~IDU SUR YLQFLD GHO &DUFKL GH HVWDGR FLYLO FDVDGRV GH SURIHVLyQ 2GRQWy ORJR \ $ERJDGR HQ VX RUGHQ DQWH XVWHG FRPSDUHFHPRV SDUD SUHVHQWDU OD VLJXLHQWH GHPDQGD GH SDJR SRU FRQVLJQDFLyQ \ UH TXHULPLHQWR MXGLFLDO , $17(&('(17(6 )81'$ 0(1726 '( +(&+2 9HQGUi D VX FRQRFLPLHQWR TXH HO &RQVHMR 0XQLFLSDO GH 0RQW~IDU HO GH (QHUR GHO FRQ IXQGDPHQWRV HQ OR GLVSXHVWR HQ HO $UW GH OD &RQVWLWXFLyQ GH OD 5HS~EOLFD SURFHGLy D GHFODUDU GH XWLOLGDG S~EOLFD R LQWHUpV VRFLDO \ RFX SDFLyQ LQPHGLDWD SDUWH GHO ELHQ LQPXHEOH GH SURSLHGDG GH ORV KHUHGHURV 9DFD -LPpQH] HQ DUPRQtD FRQ OR GLVSXHVWR HQ HO $UW \ VLJXLHQWHV GH OD /H\ 2UJiQLFD GH 5pJLPHQ 0X QLFLSDO (O ORWH GHFODUDGR GH XWL OLGDG S~EOLFD WLHQH XQ iUHD PHWURV FXDGUDGRV HO PLVPR TXH VH HQFXHQWUD XELFDGR HQ HO VHFWRU XUEDQR GH /D 3DUURTXLD *RQ]iOHV 6XiUH] GH OD FLXGDG GH 6DQ *DEULHO GHVWLQDGR SDUD OD DPSOLDFLyQ GHO 7HUPLQDO 7H UUHVWUH TXHGDQGR GRV iUHDV GH WHUUHQR D IDYRU GH ORV KHUHGHURV 9DFD -LPpQH] D VDEHU /RWH PHWURV ORWH GH WHUUHQR FRQ IUHQWH D OD SDQDPHULFDQD 1RUWH /RWH PHWURV FXDGUDGRV (V GHFLU ORV GXHxRV GH ORV SUHGLRV QR VXIUHQ GHWUL PHQWR SDWULPRQLDO SXHV FRPR REUDV GLUHFWDV ORV SUHGLRV GH ORV KHUHGHURV 9DFD -LPpQH] UHFLEHQ HO FHUUDPLHQWR HQ PDP SRVWHUtD GH KLHUUR \ ODGULOOR HQ OD H[WHQVLyQ GH ORV OLPLWHV GH ORV ORWHV \ WUDEDMRV HQ QLYHOD FLyQ \ UHOOHQR GHO WHUUHQR DSHU WXUD GH FDOOH \ FRQVWUXFFLyQ GH XQ QXHYR DOFDQWDULOODGR ÁXYLDO \ GH DJXDV VHUYLGDV TXH VHUYLUiQ SDUD UHDOL]DU ODV GHVFDUJDV GH ORV LQPXHEOHV DIHFWDGRV SRU OD H[SURSLDFLyQ FX\R PRQWR VX SHUD ORV 'yODUHV FRPR PHMRUDV GLUHFWDV TXH UHFLEHQ ORV SUHGLRV GH ORV KHUHGHURV 9DFD -LPpQH] ,, (O GH )HEUHUR GHO ORV +HUHGHURV 9DFD -LPpQH] HQ FRPSDxtD GH VXV $ERJDGRV 'HIHQVRUHV SURFHGLHURQ D VXV FULELU XQ DFWD GH FRPSURPLVR OD PLVPD TXH VH HQFXHQWUD SUR WRFROL]DGD HQ OD 1RWDULD 3ULPH UD GHO &DQWyQ 0RQW~IDU FX\D SDUWH HVHQFLDO VH HQFXHQWUD HQ OD FOiXVXOD VHJXQGD GH OD UHIH ULGD DFWD TXH GLFH ODV SDUWHV DFXHUGDQ TXH SDUD HYLWDU VH

SURVLJDQ DFFLRQHV MXGLFLDOHV IX WXUDV TXH HO iUHD D H[SURSLDU HO PXQLFLSLR D ORV KHUHGHURV 9DFD -LPpQH] VHUi OD GH PHWURV FXDGUDGRV GH FRQIRUPL GDG DO OHYDQWDPLHQWR SODQLPp WULFR UHDOL]DGR SRU OD 'LUHFFLyQ GH 3ODQLÀFDFLyQ GHO *RELHUQR 0XQLFLSDO GH 0RQW~IDU \ TXH UHVSHWDUD HO SUHFLR ÀMDGR SRU PHWUR FXDGUDGR SRU OD -HIDWXUD GH $YDO~RV \ &DWDVWURV GH OD GH OD 0XQLFLSDOLGDG TXH OD ÀMR HQ GyODUHV HO PHWUR FXDGUD GR ORV PLVPRV VHUiQ FDQFH ODGRV XQD YH] TXH VH UHDOLFHQ ODV HVFULWXUDV GH FRPSUDYHQWD GHÀQLWLYDV SDUD OR FXDO ORV KHUHGHURV VHxRUHV 9DFD -LPp QH] QRPEUDUD D XQ SURFXUDGRU FRP~Q SDUD UHDOL]DU HO GHSRVLWR HQ VX FXHQWD EDQFDULD &RQ OR FXDO VH GHVSUHQGH TXH H[LVWLy XQD YROXQWDG H[SUHVD GH SDUWHV GH ORV KHUHGHURV 9DFD -LPpQH] GH DFHSWDU ODV FRQGLFLRQHV SUR SXHVWDV SRU OD 0XQLFLSDOLGDG \ HQ HVSHFLDO GHO SUHFLR TXH IXH SDFWDGR HQWUH ODV SDUWHV YDORU ÀMDGR SRU OD MHIDWXUD GH $YD O~RV \ &DWDVWUR KHFKR TXH IXH DQDOL]DGR \ GHELWDGR HQ OD $OFDOGtD HQWUH ODV SDUWHV HO GH )HEUHUR GHO (/ SUH FLR WRWDO GHO LQPXHEOH GHFODUDGR GH XWLOLGDG S~EOLFD FRQ ÀQHV GH H[SURSLDFLyQ HV GyODUHV ,,, 3HVH D HVWD DFWD FRPSURPL VR ÀUPDGD SRU ORV 5HSUHVHQ WDQWHV OHJDOHV GHO 0XQLFLSLR \ ORV DIHFWDGRV KDVWD OD SUHVHQWH IHFKD QR KD QRPEUDGR 3URFX UDGRU &RP~Q QL KDQ VHxDODGR XQD FXHQWD EDQFDULD SDUD UHDOL ]DU HO GHSRVLWR GHO YDORU LQPXH EOH H[SURSLDGR \ SRU OR WDQWR WDPSRFR KD VLGR SRVLEOH UHDOL ]DU ODV HVFULWXUDV S~EOLFDV GH FRPSUDYHQWD GHÀQLWLYDV SHVH KDEHU VLGR DQDOL]DGD OD PLQXWD SRU YDULDV RFDVLRQHV SRU SDUWH GH ORV KHUHGHURV 9DFD -LPp QH] \ TXH UHSRVD HQ OD 1RWDULD 3ULPHUD GHO &DQWyQ 0RQW~IDU D OD HVSHUD GH OD VXVFULSFLyQ SRU SDUWH GH ORV KHUHGHURV 9DFD -L PpQH] (O SOD]R SDUD UHDOL]DU OD HVFULWXUD GH FRPSUDYHQWD VHUtD HQ IRUPD LQPHGLDWD XQD YH] TXH UHDOLFHQ ORV SURFHGLPLHQWRV DGPLQLVWUDWLYRV LQWHUQRV GH OD PXQLFLSDOLGDG SDUD HO GHSRVLWR GH ORV GLQHURV D ORV DIHFWDGRV 6LQ HPEDUJR GH OR LQGLFDGR HV SUHFLVR VHxDODU TXH HO VHxRU *DOR 5HQiQ 9DFD -LPpQH] PHGLDQWH VROLFLWXG GH IHFKD GH )HEUHUR GHO SRU UD]RQHV GH QR H[LVWLU XQD EXH QD DPLVWDG HQWH ORV KHUHGHURV 9DFD VROLFLWD VH OH FRQVLJQH HO YDORU FRUUHVSRQGLHQWH D OD VH[ WD SDUWH GHO SUHFLR WRWDO GH OD H[SURSLDFLyQ D ÀQ GH TXH VH OH FRQVLJQH HQ VX FXHQWD GH DKRUURV 1R GH %DQFR 1DFLRQDO GH )RPHQWR VLWXDFLyQ TXH VX $XWRULGDG VH GHVLJQDUD WRPDU HQ FXHQWD HO PRPHQWR GH SURYHHU ,9 (O $UW GH OD &RQVWLWX FLyQ GH OD 5HSXEOLFD GLVSRQH TXH VRQ GHEHUHV \ UHVSRQVD ELOLGDGHV GH ORV HFXDWRULDQRV QXPHUDO $FDWDU \ FXPSOLU OD &RQVWLWXFLyQ OD OH\ \ ODV GHFLVLRQHV OHJLWLPDV GH DXWR ULGDG \ FRPSHWHQWH QXPHUDO 3URPRYHU HO ELHQ FRP~Q \ DQWHSRQHU HO LQWHUpV JHQHUDO DO LQWHUpV SDUWLFXODU FRQIRUPH DO EXHQ YLYLU )81'$0(1726 '( '(5(&+2 1XHVWUD SHWLFLyQ OD IXQGDPHQ WDPRV HQ ORV $UW DO GHO &yGLJR GH 3URFHGLPLHQWR &LYLO 6HFFLyQ D HQ DUPRQtD FRQ ODV GLVSRVLFLRQHV GH ORV $UW DO GHO &yGLJR &LYLO $GHPiV $UW GHO &y GLJR &LYLO -8=*$'2 48,172 '( /2 &,9,/ '(/ &$5&+, 6DQ *D EULHO GH 'LFLHPEUH GHO ODV K 9,6726 $WHQWR OD UD]yQ VHQWDGD SRU HO 6HFUHWDULR (QFDUJDGR GH HVWD -XGLFDWXUD DYRFR FRQRFLPLHQWR GH OD SUH VHQWH FDXVD DQWHV GH FDOLÀFDU OD GHPDQGD VH RUGHQD TXH SUHYLDPHQWH OD SDUWH DFWRUD 'HSRVLWH ORV GLQHURV SURGXFWR GH OD FRQVLJQDFLyQ HQ HO %DQ FR 1DFLRQDO GH )RPHQWR HQ OD FXHQWD GH GHSRVLWR -XGLFLDOHV TXH PDQWLHQH HVWD MXGLFDWXUD HQ GLFKD ,QVWLWXFLyQ %DQFDULD 7pQJDVH HQ FXHQWD HO FDVLOOHUR MXGLFLDO \ OD IDFXOWDG TXH OH FRQ FHGH D VX $ERJDGR 'HIHQVRU SDUD TXH SUHVHQWH ORV HVFULWRV QHFHVDULRV SDUD OD GHIHQVD \ DJUpJXHVH DO SURFHVR OD GRFX PHQWDFLyQ TXH VH DFRPSDxD 1RWLItTXHVH ) 'U *HUPiQ (GXDUGR 5XVVR %UDFKR -XH] -8=*$'2 48,172 '( /2 &,9,/ '(/ &$5&+, 6DQ *D EULHO 'LFLHPEUH GHO OD K $JUpJXHVH DO SURFHVR ORV GRFXPHQWRV TXH SUXHEDQ HO GHSRVLWR GHO GLQHUR FRQVLJQDGR SRU ORV DFWRUHV HQ OD FXHQWD GH 'HSyVLWRV -XGLFLDOHV TXH HVWH -X]JDGR PDQWLHQH HQ HO %DQFR 1DFLRQDO GH )RPHQWR 6XFXUVDO 6DQ *DEULHO $QWHV GH FDOLÀFDU OD GHPDQGD GH SDJR SRU FRQ VLJQDFLyQ TXH KDQ SUHVHQWDGR ORV 3HUVRQHURV GHO *RELHUQR 0XQLFLSDO GHO &DQWyQ 0RQW~ IDU 'RFWRU -XDQ $FRVWD 3XVGi $OFDOGH \ 'RFWRU -RVp (OLpFHU 7LULUD &KXOGH 3URFXUDGRU 6LQ GLFR (QFDUJDGR HQ FRQWUD GH

0DUWKD &HFLOLD 9DFD -LPpQH] *DOR 5HQiQ 9DFD -LPpQH] &DUPLWD (VWHOD 9DFD -LPpQH] /DXUR 2VZDOGR 9DFD -LPpQH] 2OJD 0DUtD 9DFD -LPpQH] \ =RLOD 9LFWRULD 9DFD -LPpQH] SRU FXDQWR ORV DFWRUHV PD QLÀHVWDQ TXH GHVFRQRFHQ HO GRPLFLOLR DFWXDO GH ORV ~OWLPRV FXDWUR GHPDQGDGRV VH RUGHQD TXH ORV GHPDQGDQWH FXPSODQ HO UHTXLVLWR HVWDEOHFLGR HQ HO LQFL VR WHUFHUR GHO $UW GHO &yGL JR GH 3URFHGLPLHQWR &LYLO SDUD KDELOLWDU OD GLVSRVLFLyQ GH TXH VH ORV FLWH SRU OD SUHQVD SDUD OR FXDO GHEHUiQ FRPSDUHFHU D HVWH -X]JDGR HQ GtD \ KRUD Ki ELOHV 127,),48(6( I 'U *HUPiQ (GXDUGR 5XVVR -XH] TXLQWR GH ORV &LYLO GHO &DUFKL -8=*$'2 48,172 '( /2 &,9,/ '(/ &$5&+, 6DQ *D EULHO 'LFLHPEUH GHO ODV K 9,6726 /D GHPDQGD GH SDJR SRU FRQVLJQDFLyQ GH OD FDQWLGDG GH GLHFLRFKR PLO FXDWURFLHQWRV YHLQWLVLHWH GyOD UHV FRQ VHWHQWD FHQWDYRV GH GyODU TXH KDQ SUHVHQWDGR ORV SHUVRQHURV \ UHSUHVHQWDQWHV OHJDOHV GHO *RELHUQR 0XQLFLSDO GHO &DQWyQ 0RQW~IDU 'RFWR UHV -XDQ -RVp $FRVWD 3XVGi $OFDOGH \ 'RFWRU -RVp (OLpFHU 7LULUD &KXOGH 3URFXUDGRU 6LQ GLFR (QFDUJDGR HQ FRQWUD GH &DUPLWD (VWKHOD 9DFD -LPpQH] *DOR 5HQiQ 9DFD -LPpQH] &DUPLWD (VWHOD 9DFD -LPpQH] /DXUR 2VZDOGR 9DFD -LPpQH] 2OJD 0DUtD 9DFD -LPpQH] \ =RLOD 9LFWRULD 9DFD -LPpQH] HV FODUD FRPSOHWD \ UH>XQH ORV GHPiV UHTXLVLWRV OHJDOHV SRU OR TXH VH OD DFHSWD DO WUDPLWH \ GH FRQIRUPLGDG FRQ HO $UW GHO &yGLJR GH 3URFHGLPLHQWR &LYLO VH RUGHQD TXH ORV GHPDQGDGRV DFUHHGRUHV VH SUHVHQWDQ D UH FLELU OD FDQWLGDG GH GLQHUR FRQ VLJQDGD GHQWUR GHO WHUFHU GtD D SDUWLU GH ODV GLH] KRUD &tWHVH D ORV GHPDQGDGRV 0DUWKD &HFLOLD 9DFD -LPpQH] \ *DOR 5HQiQ 9DFD -LPpQH] HQ VXV GRPLFL OLRV GH HVWD FLXGDG VHxDODGRV HQ OD GHPDQGD \ DORV GHPDQ GDGRV TXH DÀUPDQ GHVFRQRFHU VXV GRPLFLOLRV KDQ FXPSOLGR HO UHTXLVLWR HVWDEOHFLGR HQ HO LQFL VR WHUFHUR GHO $UW GHO &yGL JR GH 3URFHGLPLHQWR &LYLO FtWH VHORV SRU OD SUHQVD PHGLDQWH WUHV SXEOLFDFLRQHV TXH VH GH EHUiQ UHDOL]DUVH HQ XQR GH ORV SHULyGLFRV TXH VH HGLWDQ HQ 7XOFiQ SRU QR KDEHU SHULyGLFRV TXH VH HGLWHQ HQ HVWD FLXGDG GH 6DQ *DEULHO \ SDUD OR FXDO SRU 6HFUHWDULD VH GDUi HO H[WUDFWR FRUUHVSRQGLHQWH &RQIRUPH D ORV FRPSUREDQWHV HPLWLGRV SRU HO %DQFR 1DFLRQDO GH )RPHQWR 6XFXUVDO 6DQ *DEULHO WpQJDVH SRU GHSRVLWDGD HQ GLFKR %DQFR OD FDQWLGDG GH GLQHUR FRQVLJQD GD SRU ORV GHPDQGDQWHV $JUpJXHVH DO SURFHVR WRGD OD GRFXPHQWDFLyQ SUHVHQWDGD SRU ORV DFWRUHV 7yPHVH HQ FXHQWD OD FXDQWtD GH OD FDXVD \ HO &DVLOOHUR -XGLFLDO VHxDODGR SRU ORV GHPDQGDQWHV &tWHVH \ 1RWLItTXHVH I 'U *HUPiQ (GXDUGR 5XVVR -XH] 4XLQWR GH OR &LYLO GHO &DUFKL $GYLUWLpQGROH D ORV GHPDQGD GRV GH OD REOLJDFLyQ TXH WLHQH GH VHxDODU FDVLOOHUR MXGLFLDO SDUD UHFLELU VXV QRWLÀFDFLRQHV SRU HVWD FDXVD 3DUWLFXODU TXH SRQJR HQ VX FR QRFLPLHQWR SDUD ÀQHV GH OH\

%$1&2 352&5(',7 6 $

%$1&2 352&5(',7 6 $ SRQH HQ FRQRFL PLHQWR GHO S~EOLFR OD DQXODFLyQ SRU SpUGLGD GH OD OLEUHWD GH DKR UURV Q~PHUR GH 758-,//2 520(52 021,&$ 3$75,&,$ DG DR

%$1&2 ,17(51$&,21$/ 3RU KDEHUVH SHUGLGR OD /LEUHWD GH $KRUURV GH OD FXHQWD 1R GHO %DQFR ,QWHUQDFLRQDO 6 $ VH HVWi SUR FHGLHQGR D VX DQXODFLyQ 4XLHQ FUH\HUH WHQHU GHUHFKR VREUH HVWD OLEUHWD GHEHUi SUHVHQWDU VX UHFODPR DO %DQFR GHQWUR GH ORV GtDV FRQWDGRV GHVGH OD ~OWLPD SXEOLFDFLyQ GH HVWH DYLVR IS DG DL 3RU KDEHUVH SHUGLGR OD /LEUHWD GH $KRUURV GH OD FXHQWD 1R GHO %DQFR ,QWHUQDFLRQDO 6 $ VH HVWi SUR FHGLHQGR D VX DQXODFLyQ 4XLHQ FUH\HUH WHQHU GHUHFKR VREUH HVWD OLEUHWD GHEHUi SUHVHQWDU VX UHFODPR DO %DQFR GHQWUR GH ORV GtDV FRQWDGRV GHVGH OD ~OWLPD SXEOLFDFLyQ GH HVWH DYLVR IS DG DL 3RU KDEHUVH SHUGLGR OD /LEUHWD GH $KRUURV GH OD FXHQWD 1R GHO %DQFR ,QWHUQDFLRQDO 6 $ VH HVWi SUR FHGLHQGR D VX DQXODFLyQ 4XLHQ FUH\HUH WHQHU GHUHFKR VREUH HVWD OLEUHWD GHEHUi SUHVHQWDU VX UHFODPR DO %DQFR GHQWUR GH ORV GtDV FRQWDGRV GHVGH OD ~OWLPD SXEOLFDFLyQ GH HVWH DYLVR IS DG DL

$18/$&,Ð1 6H SRQH HQ FRQRFLPLHQ WR GHO S~EOLFR TXH VH KD H[WUDYLDGR OD &XHQWD GH $KRUUR 1R &HUWLILFDGR GH $SRUWDFLyQ GH OD &RR SHUDWLYD ´ GH 2FWXEUHµ SHUWHQHFLHQWH D OD 'RORUHV 2YLHGR SRU OR TXH VH SUR FHGH D VX DQXODFLyQ DW DW

6DQ *DEULHO GH HQHUR GHO $% :,/621 9,//$5($/ 6(&5(7$5,2 (1&$5*$'2 DU DW

$18/$&,Ð1

%$1&2 ,17(51$&,21$/

3RU KDEHUVH SHUGLGR OD /LEUHWD GH $KRUURV GH OD FXHQWD 1R GHO %DQFR ,QWHUQDFLRQDO 6 $ VH HVWi SURFHGLHQGR D VX DQXODFLyQ 4XLHQ FUH\HUH WHQHU GHUHFKR VREUH HVWD OLEUHWD GHEHUi SUH VHQWDU VX UHFODPR DO %DQFR GHQWUR GH ORV GtDV FRQWD GRV GHVGH OD ~OWLPD SXEOLFD FLyQ GH HVWH DYLVR

%$1&2 '( *8$<$48,/ 38%/,&$&,Ð1 5(92&$725,$ (;75$9,2 52%2 1 &+(48( &21 02172 %$1&2 '( *8$<$48,/ 6 $ D VROLFLWXG GHO VHxRU 3R]R 'LD] $LGD &DUOLQD FRPXQLFD DO S~EOLFR TXH SRU SpUGLGD GHWHULRUR URER R VXVWUDFFLyQ VH SURFHGHUi D GHFODUDU VLQ HIHFWR HO ORV FKHTXH V GH OD FXHQWD FR UULHQWH 1R 1RPEUH GHO *LUDGRU 1RPEUH GH %HQHILFLDULR 1~PHUR V FKHTXH V 9DORU 6L QR KXELHUH RSRVLFLyQ DOJXQD GHQWUR GHO SOD]R GH GtDV FRQWDGRV D SDUWLU GH OD SUH VHQWH SXEOLFDFLyQ VH GHFODUDUi Q VLQ HIHFWR HO ORV GRFXPHQWR V DQWHV PHQFLRQDGR V \ HO LPSRUWH GHO PLVPR VHUi HQWUHJDGR DO JLUDGRU R EHQHILFLDULR R WHQHGRU TXH OR KD\D VROLFLWDGR %DQFR GH *XD\DTXLO 6 $ PU DW

IS DG DL

%$1&2 '( *8$<$48,/

%$1&2 %2/,9$5,$12 $%67(1&,Ð1 '( 3$*2

6H FRPXQLFD DO S~EOL FR OD $QXODFLyQ SRU SpUGLGD VXEVWUDFFLyQ GH ORV FKHTXHV DO VLQ ILUPD \ VLQ YDORU SUHVHQWDGD SRU HO JLUDGRU 0DULDQR -LPpQH] 6 FXHQWD FRUULHQWH 1R DG DL

38%/,&$&,Ð1 5(92&$725,$ (;75$9,2 52%2 1 &+(48( &21 02172 %$1&2 '( *8$<$48,/ 6 $ D VROLFLWXG GHO VHxRU 2UGyxH] &KDUIXHODQ &HOLFD FRPXQLFD DO S~EOLFR TXH SRU SpUGLGD GHWHULRUR URER R VXVWUDFFLyQ VH SURFHGHUi D GHFODUDU VLQ HIHFWR HO ORV FKHTXH V GH OD FXHQWD FR UULHQWH 1R 1RPEUH GHO *LUDGRU 1RPEUH GH %HQHILFLDULR 1~PHUR V FKHTXH V 9DORU 6L QR KXELHUH RSRVLFLyQ DOJXQD GHQWUR GHO SOD]R GH GtDV FRQWDGRV D SDUWLU GH OD SUH VHQWH SXEOLFDFLyQ VH GHFODUDUi Q VLQ HIHFWR HO ORV GRFXPHQWR V DQWHV PHQFLRQDGR V \ HO LPSRUWH GHO PLVPR VHUi HQWUHJDGR DO JLUDGRU R EHQHILFLDULR R WHQHGRU TXH OR KD\D VROLFLWDGR %DQFR GH *XD\DTXLO 6 $ PU DW


Ä Ä&#x192;Ĺ? Ĺ? Ĺ?Ä&#x201A;Ä&#x20AC;Ä Ä&#x201A;

Ĺ? +. Ĺ? ÄĄ

Ä&#x201A;Ä&#x192;

2 +3 -ĹŠ ĹŠ 31 -2#Ă&#x152;-3#

Ĺ&#x2014;ĹŠ ĹŠ $ 9kWjhe fh[ikdjei Z[b_dYk[dj[i \k[hed Z[#

ÂĄ Ä&#x201C;ĹŠ +ĹŠ .+(!~ ĹŠ04#".ĹŠ#-ĹŠ+( #13 "ĹŠ/.1ĹŠ.1"#-ĹŠ"#+ĹŠ 4#9Ä&#x201C;

(# ),' )Ĺ&#x2039; - &#Â&#x161;Ĺ&#x2039; # (Ĺ&#x2039;&# , ) +ĹŠ 4#9ĹŠ#73#-"(¢Ŋ+ ĹŠ+( #13 "ĹŠ ĹŠ4-ĹŠ .+(!~ Ä&#x201D;ĹŠ04(#-ĹŠ$4#ĹŠ"#3#-(".ĹŠ /.1ĹŠ242ĹŠ/1./(.2ĹŠ!.,/  #1.2ĹŠ!4 -".ĹŠ2 +~ ĹŠ"#ĹŠ4-ĹŠ!412.ĹŠ#-ĹŠ#+ĹŠ ., -".ĹŠ 1.5(-!( +Ä&#x201C; ĹŠÄ&#x203A;ĹŠ FeYWi ^ehWi f[hcWd[# Y_Â&#x152; h[j[d_Ze [d bei YWbWXepei Z[b 9:F kd 9WXe Fh_c[he Z[ Feb_# YÂ&#x2021;W" W gk_[d i[ b[ [dYedjhÂ&#x152; [d fe# Z[h Z[ kdW YWc_ed[jW h[fehjWZW Yece heXWZW [d 9ebecX_W$ ;b W][dj[ iWb_Â&#x152; b_Xh[ bk[]e Z[ gk[ [b @k[p Z[ =WhWdjÂ&#x2021;Wi F[dWb[i Z[ ?c# XWXkhW" ehZ[dWhW ik _dc[Z_WjW b_X[hjWZ feh \WbjW Z[ fhk[XWi gk[ be _dYh_c_d[d Z_h[YjWc[dj[ [d bei YWh]ei Z[ ikfk[ijW j[d[dY_W Z[ l[^Â&#x2021;Ykbe Z[ ZkZeiW fheY[#

Z[dY_W$ @eh][ ;dh_gk[ L$" gk_[d eij[d# jW [b YWh]e Z[ 9WXe Fh_c[he Z[ Feb_YÂ&#x2021;W" \k[ Z[j[d_Ze [b c_Â&#x192;hYe# b[i W bWi '*0*+ [d bWi W\k[hWi Z[b YecWdZe Z[ Feb_YÂ&#x2021;W Z[ ?cXWXk# hW" kX_YWZe [d bW Wl[d_ZW @W_c[ HebZÂ&#x152;i 7]k_b[hW o I|dY^[p o 9_\k[dj[i$ ;b W][dj[ [ijkle [iW cWÂ&#x2039;WdW [d kd Ykhie Z[ Z[h[Y^ei ^kcW# dei" W bW iWb_ZW" jhWjÂ&#x152; Z[ ikX_hi[ W bW YWc_ed[jW <ehZ" f[he \k[

YkWdZe be _dj[hY[fjWhed iki Ye# b[]Wi" gk_[d[i b[ f_Z_[hed bW Ze# Ykc[djWY_Â&#x152;d Z[b l[^Â&#x2021;Ykbe Wb YkWb fh[j[dZÂ&#x2021;W ikX_hi[$ 9ecfheXWhed gk[ bWi YWhWY# j[hÂ&#x2021;ij_YWi Z[b l[^Â&#x2021;Ykbe WiÂ&#x2021; Yece bei dÂ&#x2018;c[hei Z[ Y^Wi_i o cejeh Ye_dY_ZÂ&#x2021;Wd Yed kd l[^Â&#x2021;Ykbe h[# fehjWZe Yece heXWZe [d 9ebec# X_W$ BW :_h[YY_Â&#x152;d 9[djhWb Z[ Feb_# YÂ&#x2021;W @kZ_Y_Wb [ _dj[b_][dY_W" :?@?D" Z[ 9ebecX_W" Wb[hjÂ&#x152; W bW Kd_ZWZ

( #13 "ĹŠ ĹŠ .+(!~ Ĺ&#x2014;ĹŠĹŠ 23 ĹŠ#+ĹŠ 49% ".ĹŠ 1(,#1.ĹŠ"#ĹŠ+.ĹŠ #- +ĹŠ$4#ĹŠ++#5 ".ĹŠ+ ĹŠ, Â - ĹŠ"#ĹŠ 8#1ĹŠ

#+ĹŠ .+(!~ Ä&#x201D;ĹŠ/ 1 ĹŠ!4,/+(1ĹŠ!.-ĹŠ+ ĹŠ 4"(Äą #-!( ĹŠ/1#+(,(- 1Ä&#x201C;ĹŠ 7'( (¢Ŋ4-ĹŠ!.-31 3.ĹŠ "#ĹŠ!.,/1 ĹŠ5#-3 ĹŠ"#ĹŠ+ ĹŠ! ,(.-#3 ĹŠ / 1 ĹŠ"#,.231 1ĹŠ04#ĹŠ24ĹŠ'#1, -.Ä&#x201D;ĹŠ 04(#-ĹŠ "4!#ĹŠ2#1ĹŠ#+ĹŠ"4# .Ä&#x201D;ĹŠ !34¢Ŋ"#ĹŠ 4#- ĹŠ$#ĹŠ +ĹŠ "04(1(1ĹŠ#+ĹŠ 43.,¢5(+Ä&#x201C; +ĹŠ 4#9ĹŠ"(!3 ,(-.ĹŠ+ ĹŠ+( #13 "ĹŠ"#+ĹŠ !42 ".Ä&#x201D;ĹŠ/#1.ĹŠ+ 2ĹŠ(-5#23(% !(.-#2ĹŠ 2(%4#-ĹŠ"(1(%(" 2ĹŠ ĹŠ"#3#1,(- 1ĹŠ+ 2ĹŠ /#12.- 2ĹŠ04#ĹŠ+#ĹŠ5#-"(#1.-ĹŠ+ ĹŠ! ,(.Äą -#3 ĹŠ8ĹŠ2(ĹŠ#7(23#ĹŠ4- ĹŠ1#"ĹŠ(-3#1- !(.- +ĹŠ 04#ĹŠ!.,#1!( +(9 ĹŠ! 11.2ĹŠ1. ".2Ä&#x201C;

?dl[ij_]WY_Â&#x152;d 7dj_ :[b_Yj_lW K?7: Z[ Gk_je" ieXh[ kdW fh[# ikdjW h[Z gk[ Yec[hY_Wb_pW l[^Â&#x2021;# Ykbei heXWZei [d WcXei fWÂ&#x2021;i[i$ 7iÂ&#x2021; [i Yece _d_Y_Whed bWi _d# l[ij_]WY_ed[i o i[]k_c_[djei gk[ YedZk`[hed W bW YWfjkhW Z[b 9WXe$ BW YWc_ed[jW heXWZW \k[ l[dZ_ZW feh kdW ck`[h [d Gk_je W kd ^[hcWde Z[b Feb_YÂ&#x2021;W" i[]Â&#x2018;d bWi fh_c[hWi _dl[ij_]WY_ed[i$

)3Ĺ&#x2039;- Ĺ&#x2039;, (/ Ĺ&#x2039; / # ( # Ĺ&#x2039; (Ĺ&#x2039; &Ĺ&#x2039; -)Ĺ&#x2039;Ä?'6-Ĺ&#x2039; /- )Ä&#x2018; BW jWhZ[ Z[ ^eo" W bWi '*0&&" Yedj_dkWh| bW WkZ_[dY_W Z[ `kp# ]Wc_[dje Z[ xh_YW 9$" i[Â&#x2039;WbWZW Yece YÂ&#x152;cfb_Y[ Z[ bW ck[hj[ Z[b jWbbWZeh eh_kdZe Z[ DWjWXk[bW" C_]k[b Ă&#x203A;d][b 9^Wi_]kWde$ <h[ZZo MWi^_d]jed FecWi# gk_" c|i YedeY_Ze Yece Ă&#x2C6;MWi^eĂ&#x2030; _dj[]hW bW b_ijW Z[ bei Z[b_dYk[d# j[i c|i XkiYWZei Z[ bW fhel_dY_W$ ;ij| i[Â&#x2039;WbWZe Yece [b Wi[i_de Z[ 9^Wi_]kWde" Wb fWh[Y[h cej_# lWZe feh bei Y[bei o bW l[d]WdpW" Wb Z[iYkXh_h gk[ [b ^ecXh[ cWd# j[dÂ&#x2021;W kdW h[bWY_Â&#x152;d [njhWcWh_jWb Yed ik Yedl_l_[dj[ xh_YW$ J[ij_]ei i[Â&#x2039;WbWd gk[ bW deY^[ Z[b )& Z[ WXh_b Z[ (&''" l_[hed W 9^Wi_]kWde [djhWh W kd YW# bb[`Â&#x152;d [d JWd]kWhÂ&#x2021;d$ De lebl_Â&#x152; W iWb_h Yed l_ZW Z[b bk]Wh$ xh_YW o Ă&#x2C6;MWi^eĂ&#x2030; [ijWXWd [if[h|dZebe [d [b bk]Wh$ 9^Wi_]kWde h[Y_X_Â&#x152; i_[j[ fkÂ&#x2039;WbWZWi cehjWb[i o ck# h_Â&#x152; Z[iWd]hWZe$ xh_YW i[ [djh[]Â&#x152; [d Z_Y_[cXh[ W bWi Wkjeh_ZWZ[i$

Ä&#x201C;ĹŠ .1ĹŠ"(2/.2(!(¢-ĹŠ"#ĹŠ+ 2ĹŠ 43.1(" "#2Ä&#x201D;ĹŠ2¢+.ĹŠ2#ĹŠ/#1,(3#ĹŠ!.,#1!( +(9 1ĹŠ 3#+_$.-.2ĹŠ!#+4+ 1#2ĹŠ-4#5.2Ä&#x201D;ĹŠ"#ĹŠ/ 04#3#Ä&#x201C;ĹŠ

&/& , -Ĺ&#x2039; Ĺ&#x2039; / )- Ĺ&#x2039; *,) ( # Ĺ&#x2039; Ä&#x201C;ĹŠ ĹŠ 4" !( ĹŠ"#ĹŠ )49% ,(#-3.ĹŠ2#ĹŠ242/#-"(¢Ŋ#+ĹŠ/ 2 ".ĹŠ ,(_1!.+#2Ä&#x201D;ĹŠ/.1ĹŠ+ ĹŠ$ +3 ĹŠ"#+ĹŠ3#23(,.-(.ĹŠ "#+ĹŠ .+(!~ ĹŠ04#ĹŠ!.-"4).ĹŠ+ 2ĹŠ(-" % Äą !(.-#2Ä&#x201C;

BW ck`[h WZkY[ gk[ [i _deY[dj[ Z[ bW ck[hj[ Z[ ik [nfWh[`W$ BW h[iebkY_Â&#x152;d Z[ bei `k[Y[i i[ Yede# Y[h| ^eo$

Kd ef[hWj_le Z_h_]_Ze feh bW Fe# b_YÂ&#x2021;W @kZ_Y_Wb o [b ?dj[dZ[dj[ Z[ Feb_YÂ&#x2021;W" fkie [d [l_Z[dY_W gk[ [d lWh_ei beYWb[i Z[ Y[bkbWh[i i[ i_]k[d Yec[hY_Wb_pWdZe Y[bkbW# h[i Z[ Ă&#x2020;i[]kdZW cWdeĂ&#x2021;" bei YkW# b[i fh[ikdjWc[dj[ ied heXWZei o jhWjWd Z[ lebl[h Wb c[hYWZe" i_d d_d]Â&#x2018;d ZeYkc[dje gk[ ]W# hWdj_Y[ ik Wkj[dj_Y_ZWZ$ ;b ef[hWj_le Z[ Yedjheb i[ Ykcfb_Â&#x152; bW jWhZ[ Z[b c_Â&#x192;hYeb[i W bWi '.0)& [d bei Wbh[Z[Zeh[i

Z[b c[hYWZe 7cWpedWi$ ;d kd beYWb Z[ j[b[\edÂ&#x2021;W Y[bkbWh o WYY[ieh_ei Z[ bW Wl[d_ZW FÂ&#x192;h[p =k[hh[he" i[ beYWb_pWhed YkWjhe Y[bkbWh[i Z[ Â&#x2018;bj_cW ][d[hWY_Â&#x152;d$ ;b Zk[Â&#x2039;e Z[ bei j[bÂ&#x192;\edei de fkZe Z[ceijhWh Yed ZeYkc[d# jei ik eh_][d feh be gk[ \k[hed Z[Yec_iWZei$ BWi Wkjeh_ZWZ[i WZl_[hj[d gk[ [ijei ef[hWj_lei Z[ Yedjheb Yedj_dkWh|d fWhW be]hWh h[ZkY_h bei Â&#x2021;dZ_Y[i Z[ WiWbje o heXe$

j[d_Zei feh W][dj[i Z[ bW Kd_ZWZ Z[ L_]_bWdY_W Dehj[$ BW Wfh[^[di_Â&#x152;d i[ h[Wb_pÂ&#x152; bk[]e Z[ gk[ bei ieif[Y^eiei WiWbjWhWd W kd jhWdi[Â&#x2018;dj[ [d [b i[Yjeh Z[ 9ejeYebbWe$ ;b f[h`kZ_YWZe Wl_iÂ&#x152; W bW Feb_YÂ&#x2021;W o [cf[pÂ&#x152; kdW f[h# i[YkY_Â&#x152;d gk[ j[hc_dÂ&#x152; [d [b i[Yjeh Z[ FedY_Wde 7bje$ ;d feZ[h Z[ bei Z[j[d_Zei i[ [dYedjhÂ&#x152; kd WhcW Z[ \k[]e" j[bÂ&#x192;\edei Y[bkbWh[i o Z_d[he [d [\[Yj_le$ Bei fh[ikdjei Z[b_dYk[dj[i j_[d[d ^_ijeh_Wb Z[b_Yj_le" f[he kde Z[ [bbei Yk[djW Yed '' Z[j[dY_ed[i feh YWkiWi i_c_bWh[i$

314++#1.Ŋ2#Ŋ !!("#-3¢

Ĺ&#x2014;ĹŠ ĹŠ $ BW f[hi[YkY_Â&#x152;d Z[ kdei Z[b_dYk[dj[i gk[ WfW#

h[dj[c[dj[ [ijWXWd heXWdZe kd Y_X[hYW\Â&#x192;" i_jkWZe [d JkcXWYe" j[hc_dÂ&#x152; cWb fWhW jh[i kd_\ehcWZei Z[ i[hl_# Y_e khXWde$ EXi[hlWhed kd l[^Â&#x2021;Ykbe [ijWY_edWZe W\k[hW Z[ kd d[]eY_e Z[ ?dj[hd[j" gk[ j[dÂ&#x2021;W bW fk[hjW [dhebbW# Xb[ WX_[hjW ^WijW bW c_jWZ$ :[ W^Â&#x2021; iWb_Â&#x152; kd ik`[je W bW YWhh[hW o i[ _d_Y_Â&#x152; bW f[hi[# YkY_Â&#x152;d$ BW fWjhkbbW j[hc_dÂ&#x152; _cfWYj|dZei[ YedjhW kd feij[ Z[ WbkcXhWZe fÂ&#x2018;Xb_Ye o kdW l_l_[dZW$ FheZkYje Z[b f[hYWdY[" h[ikbjWhed ^[h_Zei Zei ][dZWhc[i" kd YWXe o kdW j[d_[dj[ Z[ Feb_YÂ&#x2021;W

-!.-31 1.-ĹŠ ĹŠ 1(!2.-

Ĺ&#x2014;ĹŠ ĹŠ ĹŠ $ 9ece <h_Yied HeX[hje 9^_bW \k[ _Z[dj_Ă&#x2019; #

YWZe [b `el[d gk[ WfWh[Y_Â&#x152; ck[hje Z[ kdW fkÂ&#x2039;WbWZW [d bW Yeef[hWj_lW Kd_Â&#x152;d 9Â&#x2021;l_YW FefkbWh$ F[i[ Wb ^[hc[j_i# ce Yed [b YkWb i[ cWd[`Â&#x152; [b YWie" cehWZeh[i Z[b i[Yjeh _dZ_YWhed gk[ lWh_Wi l[Y[i be ^WXÂ&#x2021;Wd l_ije WYecfWÂ&#x2039;WZe Z[ kd `el[d gk[ l_l[ [d bW Yeef[hWj_lW FWjh_W Dk[lW$ I[]Â&#x2018;d kd j[ij_]e" 9^_bW _XW WYecfWÂ&#x2039;WZe Z[ kd Wc_]e$ :[ h[f[dj[" jh[i ik`[jei bei _dj[hY[fjWhed o kde Z[ [bbei iWYÂ&#x152; kd WhcW XbWdYW o Whh[# c[j_Â&#x152; YedjhW Â&#x192;b" YWki|dZeb[ kdW ^[h_ZW gk[ b[ Yecfhe# c[j_Â&#x152; iki Â&#x152;h]Wdei l_jWb[i$


ŏ ŏ

ŏ

Ďć! ũĈĊũ ũ ũĉćĈĉ

, 41 Ĕũ 1!'(

(-!+ēũ

Čćũ :

.+(!~ ũ3#-~ ũ ! ,(.-#3 ũ1. " .ũ 1(,#1.ũ"#ũ .+(!~ ũ#23 ũ#-ũ/.2ı

#2(¢-ũ"#ũ4-ũ5#'~!4+.ũ1. ".Ĕũ04#ũ' ~ ũ 2(".ũ!.,/1 ".ũ#-ũ 4(3.ēũ 4#ũ"#3#-(".ũ + ũ3 1"#ũ"#+ũ,(_1!.+#2ũ8ũ2 +(¢ũ#-ũ+( #13 "ũ 8#1ēũ +ũ5#'~!4+.ũ$4#ũ24231 ~".ũ#-ũ .+.,ı ( ũ : ũ ĉĊ

Ì3 .+ũ 11( +

ũ ũ ũ }

- ũ ũ+ 2ũćĒĖććũ2#ũ(- 4%41 1;ũ+ ũ#"(!(¢-ũ .ēũĉđũ"#+ũ ,/#.- 3.ũ"#ũ Ì3 .+ũ #-(.1ũ"#ũ + ũ (% ũ"#+ũ 41ēũũ ũ+ 2ũĈĒĖĊćũ2#ũ1# +(9 1;ũ+ ũ#+#!ı !(¢-ũ"#ũ+ ũ 13 ēũ #/.13#2ũ#-ũ#+ũ 4-(!(/(.ũ"#ũ 4+!;-ēũ .2ũ/ 13(".2ũ 11 -! 1;-ũ#-ũ.!'.ũ"~ 2ũ !.-ũ+ ũ/ 13(!(/ !(¢-ũ"#ũĉďũ#04(/.2ĖũĈĎũ#-ũ+ ũ ũ8ũ ĈĈũ#-ũ+ ũ ēũ 4% 1;-ũ#-ũ+.2ũ#23 "(.2ũ"#ũ+ ũ (% ũ 41ũ 8ũ"#+ũ 3 ++¢-ũ 8.1ũ +.ũ .+(- ē : ũ ĈĎ

1.!#"#-3#ũ"#ũ -3 Ĕũ++#%¢ũ 8#1ũ ũ 11 Ĕũ

'.--8ũ -(#+ũ ēĔũ"#ũĉďũ .2ēũ ũ .+(!~ ũ+.ũ ! /341¢ũ/.1ũ/#"(".ũ"#ũ+ ũ (2! +~ Ĕũ/4#2ũ#23;ũ (,/+(! ".ũ#-ũ#+ũ24/4#23.ũ(-3#-3.ũ"#ũ2. .1ı -.ũ ũ (/1( -.ũ +#-3~-Ĕũ"(1#!3.1ũ3_!-(!.ũ"#+ũ , 41 ũ ēũ .8ũ2#ũ"#2 11.++ 1;ũ+ ũ 4"(#-ı !( ũ/ 1 ũ"#3#1,(- 1ũ2(ũ#+ũ"#3#-(".ũ#2ũ/1.!ı #2 ".ũ.ũ2 +#ũ+( 1#ēũũ : ũ ĈČ

#%1#2 ũ + ũĥ1#(- ũ "#+ũ/./Ħ ũ ĥ Ħũ#2ũ#+ũ24%ı #1#-3#ũ3~34+.ũ"#+ũ -4#5.ũ;+ 4,ũ"#ũ ".-- ēũ

: ũ Ĉć


Turn static files into dynamic content formats.

Create a flipbook
Edicion impresa Norte del 13 de enero de 2012 by LA HORA Ecuador - Issuu