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.GU EJCPIGOGPVU FG NOCTEJKVGEVWTG FG NOKPVGTPGV PG UQPV RNWU NG UGWN HCKV FGUVGEJPKEKGPUEJCTIÃUFGIÃTGTNGHQPEVKQPPGOGPVFWTÃUGCW&ÃUQTOCKUNGU FÃEKUKQPU LWTKFKSWGU GV KPFWUVTKGNNGU RGWXGPV CXQKT FGU EQPUÃSWGPEGU RTQHQPFGU UWT NGU HQPFGOGPVU FG NOKPVGTPGV # EG VKVTG NG RTQEÂU 0CRUVGT EQPUVKVWG WP RTÃEÃFGPV KORQTVCPV %G RTQEÂU C VTQR UQWXGPV ÃVÃ RGTÁW EQOOG EGNWK FW RKTCVCIG OWUKECN TGPFW RQUUKDNG RCT NG NQIKEKGN 0CRUVGT 2CTCFQZCNGOGPV NGU EQPUÃSWGPEGU FG EG RTQEÂU GP FGJQTU FG NC URJÂTG OWUKECNG GV RGWVÄVTG OÄOG GP FGJQTU FG NC URJÂTG FG NC RTQRTKÃVÃ KPVGNNGEVWGNNGRQWTTCKGPVÄVTGGPEQTGRNWUKORQTVCPVGU(CEGCW nOQPUVTG
0CRUVGT EQOOG NOCXCKV SWCNKHKÃ NG LWIG 2CVGN NGU nOCLQTU FG NOÃFKVKQP OWUKECNG QPV OGPÃ GV TGORQTVÃ NC DCVCKNNG LWTKFKSWG RQWT HCKTG EGUUGT NGU CEVKXKVÃU FG EGVVG UQEKÃVÃ /CKU CWFGN´ FW UQTV TÃUGTXÃ ´ 0CRUVGT EOGUV NG RTKPEKRG FGU ÃEJCPIGU FG RCKT ´ RCKT QW RGGT VQ RGGT GV NOGPUGODNG FGU KPPQXCVKQPUVGEJPQNQIKSWGUFGEGUGEVGWTSWKQPVÃVÃTGOKUGPECWUG
7PGRCTVKGKORQTVCPVGFGU VGEJPQNQIKGU NGU RNWU PQXCVTKEGU FG NOKPVGTPGV RQWTTCKV CKPUK ÄVTG DNQSWÃG RCT NC OGPCEG FG RQWTUWKVGU %OGUV NG ECU FG EGTVCKPU QWVKNU FG nRCKT ´ RCKT RGTOGVVCPV FOCOÃNKQTGT NC FKHHWUKQP FGU EQPVGPWUFGPQWXGCWZU[UVÂOGUFOCTEJKXCIGIÃPÃTCNKUÃFGNOKPVGTPGVQWFG PQWXGCWZ QWVKNU EQQRÃTCVKHU RQWT NGU EJGTEJGWTU .OÃXQNWVKQP FG NOKPVGTPGV RQWTTCKVUWDKTWPTCNGPVKUUGOGPVKORQTVCPVFWHCKVFGNOKPEGTVKVWFGLWTKFKSWG RGUCPV UWT NGU EQPEGRVGWTU FG EGU NQIKEKGNU # EG VKVTG NC FÃECRKVCVKQP LWTKFKSWGFG0CRUVGTGUVWPUKIPGRTÃQEEWRCPVRQWTNGFGXGPKTFGNOKPVGTPGV
5KNGRTKOCVFGUKPFWUVTKGNUFGUVGEJPQNQIKGUUWTNOÃXQNWVKQPFGNOKPVGTPGV ÃVCKV KPEQPVGUVÃ FCPU NGU RTGOKGTU VGORU KN POGP GUV RNWU FG OÄOG CWLQWTFOJWK .GU ITQWRGU FG EQOOWPKECVKQP RTGPPGPV FÃUQTOCKU WPG RCTV CEVKXG FCPU NOQTKGPVCVKQP FGU VGEJPQNQIKGU FW TÃUGCW (CEG ´ EGVVG XÃTKVCDNG TGRTKUG GP OCKP FG NOKPVGTPGV NG LWTKUVG .CYTGPEG .GUUKI UOKPVGTTQIG UWT NC NÃIKVKOKVÃFWRQWXQKTSWOGZGTEGPVEGUnOCLQTUUWTNOKPVGTPGV
n0CRUVGTNGOQPUVTGFGUNCDGNUOGPCEÃFGHGTOGVWTG.G/QPFGCXTKN JVVRYYYNGOQPFGHTCTVKENGJVON
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n22RNCPUEQWNFETGCVGURGGFKGT0GV0GYUEQOLWKP JVVRPGYUEPGVEQOPGYUJVON
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JVVRYYYUCNQPEQOVGEJHGCVWTGRQRWNCTARQYGTKPFGZJVON
n.GUFKPQUCWTGUFQKXGPVOQWTKT7POCTEJÃXTCKOGPVNKDTGNGUNCKUUGTCKVOQWTKTGVNG
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'P GHHGV RQWT NC RTGOKÂTG HQKU FCPU NOJKUVQKTG FG NC RTQRTKÃVÃ KPVGNNGEVWGNNG NG EQPVTÏNG VQVCN FG NC FKHHWUKQP FGU WXTGU GUV FÃUQTOCKU VGEJPQNQIKSWGOGPVRQUUKDNGGPRCTVKEWNKGTCXGENGUVGEJPQNQIKGUFGIGUVKQP PWOÃTKSWGUFGUFTQKVUQW&4/#XGEEGEQPVTÏNGEOGUVNCEKTEWNCVKQP FGU KFÃGU GV FGU KPPQXCVKQPU SWK RQWTTCKV ÄVTG RNCEÃG UQWU VWVGNNG 'P NKGW GV RNCEG FOWP EQPVTÏNG FG NC FKHHWUKQP FGU WXTGU KN CWTCKV RW ÄVTG SWGUVKQP FOWPTGXGTUGOGPVFOWPGVCZG´NOKPUVCTFGEGNNGUSWKHWTGPVRTCVKSWÃGUUWTNGU CWVTGU UWRRQTVU FOGPTGIKUVTGOGPV %GU VCZGU TGHWUÃGU RCT NOGPUGODNG FGU CEVGWTU KPFWUVTKGNU KORNKSWÃGU FCPU NGU U[UVÂOGU FG &4/ # EG RTQRQU QP PQVGTC SWOGP (TCPEG NC UKORNG ÃXQECVKQP FOWPG CEVKQP FG NO'VCV RQWT UOCUUWTGT FOWPG TÃOWPÃTCVKQP FGU CWVGWTU UWT NOKPVGTPGV C UWUEKVÃ WPG XÃTKVCDNG VGORÄVG 2NWU TÃEGOOGPV NC 4+## 4GEQTFKPI +PFWUVT[
#UUQEKCVKQP QH #OGTKEC C OÄOG UQWJCKVÃ KPUETKTG NC UWTXGKNNCPEG FG NOGPUGODNGFGUFKUSWGUFWTUFCPUNGU PQWXGNNGUOGUWTGUCPVKVGTTQTKUVGUCWZ 'VCVU7PKU #W OÄOG OQOGPV CWZ 'VCVU7PKU NGU PQWXGNNGU NQKU CPVKRKTCVCIGETKOKPCNKUGPVNOGPUGODNGFGUFÃXGNQRRGOGPVUNQIKEKGNUCWVQWT FGUVGEJPQNQIKGUFGRTQVGEVKQPFGUWXTGU
Q,WUV %QORGPUCVKQPR RCT .CTT[ .GUUKI 6JG +PFWUVT[ 5VCPFCTF CXTKN JVVRE[DGTNCYUVCPHQTFGFWNGUUKIEQPVGPVKUJVON
Q*CTFYKTKPI%QR[TKIJVRFQUUKGTFG0GYUEQO JVVRPGYUEPGVEQOPGYUJVON
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8QKT UWT EG RQKPV NG EJCRKVTG Q+PPQXCVKQP HTQO VJG KPVGTPGVR FCPU 6JG (WVWTG QH +FGCU 6JG (CVG QH VJG %QOOQPU KP C %QPPGEVGF 9QTNF RCT .CYTGPEG .GUUKI 4CPFQO
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%G SWK HCKV FKTG ´ .GUUKI ´ RTQRQU FG &KOKVTK 5MN[CTQX EG RTQITCOOGWT TWUUG CTTÄVÃ RQWT CXQKT FÃXGNQRRÃ WP NQIKEKGN RGTOGVVCPV FG NKTG NGU NKXTGU ÃNGEVTQPKSWGU FO#FQDGn/5MN[CTQXUG OQTHQPF GPEQTG GP RTKUQP GV UGFGOCPFG UCPU FQWVG EQOOGPV WPG UQEKÃVÃ FG NKDGTVÃ RGWV GORTKUQPPGTEGNWKSWK ÃETKV WP RTQITCOOG NÃICN FCPU UQP RC[U UKORNGOGPV RCTEG SWOKN XKGPV CWZ 'VCVU 7PKU FQPPGT WPG EQPHÃTGPEG UWT NGU HCKNNGU FGU U[UVÂOGUFGET[RVCIGU
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.OWPG FGU ECTCEVÃTKUVKSWGU OCLGWTGU FG NOKPVGTPGV GUV NG HCKV SWG NOnKPVGNNKIGPEGGUVUKVWÃG´NOGZVTÃOKVÃFGUOCKNNGUFWTÃUGCWGVPQPFCPUNG TÃUGCW NWK OÄOG ´ NOQRRQUÃ FG TÃUGCWZ EQOOG EGNWK FW /KPKVGN %OGUV NG RTKPEKRG FKV FW GPF VQ GPF 1T NOWP FGU EJCPIGOGPVU HQPFCOGPVCWZ FG NOKPVGTPGVUGTCNKÃCWRCUUCIGFOWPGCTEJKVGEVWTGFOÃEJCPIG´WPGCTEJKVGEVWTG FG FKHHWUKQP 0QWU RQWTTKQPU CKPUK CUUKUVGT ´ WPG nVÃNÃXKUWCNKUCVKQP QW DTQCFECUVKUCVKQPFGNOKPVGTPGV'PGHHGVNOÃXQNWVKQPFGUU[UVÂOGU´JCWVFÃDKV UGHCKVUWTWPOQFGCU[OÃVTKSWG.GUVGEJPQNQIKGUFOCEEÂUTCRKFGUEQOOGNC E¸DNGQW#&5.QPVGPEQOOWPFOQHHTKTWPFÃDKVKORQTVCPVXGTUNGUCDQPPÃU OCKUWPGnXQKGFGTGVQWTPGVVGOGPVRNWUNGPVG%GSWKUKIPKHKG´VGTOGNG TÃVCDNKUUGOGPV FG NC PQVKQP FOWP ÃOGVVGWT RTKXKNÃIKÃ GV FG PQODTGWZ TÃEGRVGWTU RCUUKHU VTCPUHQTOÃU GP VÃNÃURGEVCVGWTU EQPUQOOCVGWTU %GVVG KPVGTRTÃVCVKQP TGRTÃUGPVG ENCKTGOGPV WP EQPVTGUGPU FCPU NOÃXQNWVKQP FG NOKPVGTPGV%QPVTGUGPUSWKUGXÃTKHKGFCPUNOGPUGODNGFGUEJQKZKPFWUVTKGNUSWK EQPXGTIGPV XGTU WPG TGRTÃUGPVCVKQP nRCUUKXG FGU KPVGTPCWVGU 'V UK RQWT NOGUUGPVKGNNGUKPHTCUVTWEVWTGUFGVTCPURQTVFGNOKPVGTPGVUQPVU[OÃVTKSWGUNG HCKV SWG NG UGIOGPV HKPCN FGXKGPPG CU[OÃVTKSWG EQPUVKVWG WP HTGKP EQPUKFÃTCDNGRQWTNOGPUGODNGFGUVGEJPQNQIKGUFOÃEJCPIGU&GRNWUFCPUNGU UQNWVKQPUFGEQPPGZKQP´JCWVFÃDKVRTQRQUÃGUCWZRCTVKEWNKGTUGP(TCPEGNC RQUUKDKNKVÃ FOÃVCDNKT UQP RTQRTG UGTXGWT GUV GP IÃPÃTCN CDUGPVG QW UWTVCZÃG 1T NOGZRÃTKGPEG TÃEGPVG FG 0CRUVGT OQPVTG SWO´ FÃHCWV FG RTQFWKTG FGU EQPVGPWUURÃEKHKSWGUNGUKPVGTPCWVGURGWXGPVÃEJCPIGTFGUKPHQTOCVKQPUEG SWKGUV´NOQTKIKPGOÄOGFGNCETÃCVKQPGVFWUWEEÂUFGNOKPVGTPGV
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5KNCSWGUVKQPFGUCEEÂURWDNKEU´NOKPVGTPGVFGXKGPVWPXQNGVKORQTVCPVFG NOCEVKQP FGU 'VCVU NG RNWU UQWXGPV UGWNG NC RTQDNÃOCVKSWG FG NC DCPFG RCUUCPVG FGUEGPFCPVG GUV GPXKUCIÃG # VGTOG WPG XÃTKVCDNG TÃHNGZKQP UWT NOnÃEQNQIKG FG NC DCPFG RCUUCPVG CUEGPFCPVG GV FGUEGPFCPVG FGXTC ÄVTG OGPÃG GP KPVÃITCPV JCWV GV DCU FÃDKV %G VGTOG FG nDCU FÃDKV FÃHKPKV NC NKIPG VÃNÃRJQPKSWG ENCUUKSWG FOWPG OCPKÂTG XCIWGOGPV RÃLQTCVKXG FCPU NG FKUEQWTUFGUQRÃTCVGWTU.GVÃNÃRJQPGGUVRQWTVCPVGVRQWTFGPQODTGWUGU CPPÃGU GPEQTG NG OQFG FOCEEÂU FQOKPCPV ´ NOKPVGTPGV VCPV GP (TCPEG SWG FCPUNOGPUGODNGFGURC[UFÃXGNQRRÃU
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JVVRYYYGEQOOGTEGVKOGUEQORGTNUVQT[JVON
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%JTKUVKCP 2KGTTGV UGETÃVCKTG FO'VCV ´ NO+PFWUVTKG FÃENCTCKV NG QEVQDTG n.O#&5.PGUGTCRCUWPRTQFWKVITCPFRWDNKE´(OQKU+NFQKVUOÃVCDNKT´WPPKXGCWFG NOQTFTGFG(OQKUEQOOGGP#NNGOCIPG
JVVRYYYKPVGTPGVIQWXHTHTCPECKUHTCOGCEVWCNKVGJVONRKGTTGV
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#WFGN´FGNCHTCEVWTGPWOÃTKSWG
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%QOOWPKECVKQPU %QOOKUUKQP GUV ÃFKHKCPV nNC HTCEVWTG PWOÃTKSWGEOGUV EQOOG NC HTCEVWTG FGU /GTEGFGU LOCKOGTCKU GP CXQKT WPG OCKU LG POGP CK RCU NGU OQ[GPUWUKE+NEQPXKGPVFGPQVGTSWGEGU FÃENCTCVKQPU UG RTQFWKUGPV CW OQOGPVQÔNGUDWFIGVUIQWXGTPGOGPVCWZCOÃTKECKPURQWTNCTÃFWEVKQPFG EGVVGHTCEVWTGEQPPCKUUGPVFGUFKOKPWVKQPUFTCUVKSWGU
(QTEG GUV FG EQPUVCVGT SWOGPVTG GZJQTVCVKQPU KPFWUVTKGNNGU GV nNCKUUGT HCKTGNGUCEVGWTUFGUVGEJPQNQIKGUETÃGPVFGUOCTEJÃUFGPKEJGGPGZENWCPV EGSWKGUVGPEQTGNGECURQWTNCOKETQKPHQTOCVKSWGWPGRCTVEQPUKFÃTCDNG FGU RQRWNCVKQPU FGU RC[U TKEJGU &CPU UQP QWXTCIG UWT NC HTCEVWTG PWOÃTKSWG$GPLCOKP%QORCKPGHCKVNGRCTKFOWPGUKORNKHKECVKQPRTQEJCKPG FGUVGEJPQNQIKGUSWKPOGUVRCUGPEQTG´NOQTFTGFWLQWT'PGHHGVWPGÃVWFG TÃEGPVGFGNO1%&'FÃOQPVTGSWGFCPUNOÃVCVCEVWGNFGUVGEJPQNQIKGUKNPG HCWVRCUEQORVGTUWTWPGnOCUUKHKECVKQPFGNOKPVGTPGVCWFGN´FGFG HQ[GTU EQPPGEVÃU .C EQORNGZKVÃ FGU VGEJPQNQIKGU SWK UQWUVGPFGPV NOWVKNKUCVKQP FGU OKETQQTFKPCVGWTU NG U[UVÂOG FOGZRNQKVCVKQP GV NOGPXKTQPPGOGPVU[ODQNKSWGFGNOKPVGTHCEGWVKNKUCVGWTGUVGPEQTGVGNNGSWOGNNG GZENWVFGHCKVWPGRCTVKORQTVCPVGFGUEKVQ[GPU
.GU RCTKU FGU KPFWUVTKGNU FGU VGEJPQNQIKGU RTÃUGPVGPV CWUUK NG TKUSWG EQOOGRQWTNCVGEJPQNQIKG9#2XQKTGNO7/65FGPOÄVTGRCUCFQRVÃURCT NGUWVKNKUCVGWTUXKUÃU%QOOGNOQPVOQPVTÃNGUÃVWFGUTÃEGPVGUUWTNOWVKNKUCVKQP
6GNGEQUO*QY+PHKPKVG$CPFYKFVJ9KNN4GXQNWVKQPK\G1WT9QTNF)GQTIG)KNFGT(TGG 2TGUU
Q/KEJCGN2QYGNN6JG)TGCV>GIWNCVQTR9CUJKPIVQP2QUVLWKP JVVRYYYYCUJVGEJEQOPGYUTGIWNCVKQPJVON
6JG &KIKVCN &KXKFG (CEKPI C %TKUKU QT %TGCVKPI C /[VJ! FKTKIÃ RCT $GPLCOKP
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´ UÃFWKTG NG OÄOG PQODTG FOWVKNKUCVGWTU 3WCPV CWZ VGEJPQNQIKGU SWK RGTOGVVTQPV FOKPVGTRTÃVGT RNWU HKPGOGPV NGU CEVKQPU QW NG NCPICIG FGU WVKNKUCVGWTUGNNGUPGUQPV´NOÃXKFGPEGRCUGPEQTGCTTKXÃGU´OCVWTKVÃ5KNC UWRTÃOCVKG FGU OKETQQTFKPCVGWTU 2% EQOOG nOCEJKPG ´ VQWV HCKTG GUV TGOKUGGPSWGUVKQPRCTNGUURÃEKCNKUVGUFGNOGTIQPQOKGNCFKXGTUKHKECVKQPGV NC UKORNKHKECVKQP FGU VGTOKPCWZ RQUGPV GPEQTG FG PQODTGWZ RTQDNÂOGU ÃEQPQOKSWGUGVVGEJPQNQIKSWGUPQPTÃUQNWU
.C(TCPEG SWCPV ´ GNNG UG VKGPV GPEQTG ´ nDQPPG FKUVCPEG FG NOKPVGTPGV VCPVRCTNCRTCVKSWGSWGRCTNCTÃHNGZKQP.GUVGEJPQNQIKGU[ÃXQNWGPVGPEQTG GPXCUGENQUCWRTÂUFOWPGOKPQTKVÃFG EKVQ[GPU %G XCUG ENQU QW EG PQ[CW FWT GUV XKUKDNG GP HKNKITCPG FG NC TÃEGPVG ÃVWFG FW 5'55+ # NOQRRQUÃ WP PQ[CW FG TÃHTCEVCKTGU UOGUV ETÃÃ GV NC RQUVWTG ´ CFQRVGT FGXTC VGPKT EQORVG FGURCTVKEWNCTKVÃUEWNVWTGNNGUSWKQPVOQVKXÃEGUTÃVKEGPEGU2NWUSWOWPUCXQKT HCKTGRWTGOGPVVGEJPKSWGEOGUVNCEWNVWTGFGEGUVGEJPQNQIKGUGVFGUOÃFKCU SWOKN HCWV FÃUQTOCKU FKHHWUGT /KUGT UWT WPG OCÉVTKUG EKVQ[GPPG SWK PG XKGPFTCKV SWG FG NC OCÉVTKUG VGEJPKSWG GUV CWUUK CNÃCVQKTG SWOGURÃTGT GP WP GHHGVCWVQECVCN[VKSWGFGNOKPVGTPGV%GVGHHGVSWKUGODNGRQWTNOKPUVCPVNKOKVÃ GP(TCPEG´WPGOKPQTKVÃVGEJPQKPUVTWKVG'VEGNCPGRGWVUGHCKTGGPRGPUCPV SWG NOCEEÂU ´ NOKPVGTPGV GUV WPG HKP GP UQK OCKU DKGP GP FÃXGNQRRCPV EGVVG EWNVWTGFGNOKPVGTPGVFCPUNGUUGIOGPVUFGRQRWNCVKQPNGUOQKPUVQWEJÃU+N[
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6JG+PXKUKDNG%QORWVGTRCT&QPCNF0QTOCP/+62TGUU JVVROKVRTGUUOKVGFWDQQMU01482KPVGTXKGYJVON
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NC HTCEVKQP NC RNWU UQNXCDNG FGU KPVGTPCWVGU GV KNU PÃEGUUKVGPV RQWT NGWTU EQPEGRVGWTUFGUOQ[GPUVGEJPKSWGUKORQTVCPVU%GVVGÃXQNWVKQPRTQITGUUKXG FGUUVCPFCTFUFGNOKPVGTPGVUGODNGCNNGTFGRCKTCXGENCOCVWTKVÃÃEQPQOKSWG GVVGEJPQNQIKSWGFWTÃUGCWOCKUGNNGGUVCWUUKTÃXÃNCVTKEGFOWPGCWVTGHQTOG FGHTCIOGPVCVKQPÃEQPQOKSWGEGVVGHQKU%OGUVNCRTQHGUUKQPPCNKUCVKQPFGNC EQPEGRVKQP FGU EQPVGPWU SWK GUV FÃUQTOCKU ´ NOQTFTG FW LQWT #KPUK NGU QTICPKUOGU SWK FÃHKPKUUGPV NGU UVCPFCTFU FW YGD QPV HCKV NOQDLGV FG XKXGU EQPVTQXGTUGUNQTUSWOKNUQPVGPXKUCIÃFO[KPENWTGFGUUVCPFCTFURC[CPVU
7PG CWVTG ÃXQNWVKQP HQPFCOGPVCNG FGU UVCPFCTFU EQPEGTPGTC NOQTICPKUCVKQP FGU EQPVGPWU FW YGD CXGE NC OKITCVKQP RTQITGUUKXG XGTU NG
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NCPICIG :/. G:VGPUKDNG /CTM 7R .CPIWCIG %G NCPICIG SWK XC TGORNCEGT RTQITGUUKXGOGPV *6/. RQWT NC EQPEGRVKQP FGU RCIGU YGD UG XGWV WPG TÃRQPUG´NOCDUGPEGFGUVTWEVWTGFWYGDCEVWGN'PGHHGVCXGENOGZRNQUKQPGP XQNWOG FW YGD QTICPKUGT GV UVTWEVWTGT NGU KPHQTOCVKQPU FGXKGPV WPG RTKQTKVÃ7PnYGDUÃOCPVKSWGFGXKGPVPÃEGUUCKTG´OGUWTGSWGNCHCKDNG UVTWEVWTCVKQP EGTVCKPU FKUGPV NC HCKDNG KPVGNNKIGPEG FW YGD FGXKGPV WPG NKOKVG ´ UQP HQPEVKQPPGOGPV .G NCPICIG :/. FGXTC RGTOGVVTG CWZ EQPEGRVGWTUFGRCIGUYGDFGUVTWEVWTGTNGWTUFQEWOGPVUGPHQPEVKQPFGNC PCVWTG FGU EQPVGPWU .OWPG FGU EQPUÃSWGPEGU FG EGVVG ÃXQNWVKQP GUV SWOKN FGXKGPFTC PÃEGUUCKTG FOCESWÃTKT FGU EQORÃVGPEGU RNWU KORQTVCPVGU RQWT UVTWEVWTGT NGU FQEWOGPVU GV HCKTG GP UQTVG SWOKNU CRRCTCKUUGPV EQTTGEVGOGPV FCPU NGU OQVGWTU FG TGEJGTEJG 'V UOKN GUV GPEQTG TGNCVKXGOGPV UKORNG FG OCÉVTKUGT NGU QWVKNU FG EQPEGRVKQP FG RCIG YGD NG HCKV FG UVTWEVWTGT NOKPHQTOCVKQPNQTUFGUCETÃCVKQPCPCN[UGTWPFQEWOGPVGZVTCKTGFGUOQVU ENÃU QTICPKUGT WP VJÃUCWTWU TGRTÃUGPVG WP VTCXCKN KORQTVCPV GV TGUVGTC GPEQTG NQPIVGORU CWFGN´ FGU ECRCEKVÃU FGU NQIKEKGNU FOCPCN[UG UÃOCPVKSWG NGU RNWU RGTHQTOCPVU 5K NG NCPICIG :/. FQKV RGTOGVVTG WP OGKNNGWT HQPEVKQPPGOGPV FGU OQVGWTU FG TGEJGTEJG KNU RQWTTCKGPV CWUUK HKPKT RCT QEEWNVGT NGU RCIGU NGU RNWU CPEKGPPGU TÃCNKUÃGU GP *6/. RCT FGU PQP RTQHGUUKQPPGNU %GNC RQWTTCKV CEETQÉVTG NG FÃUÃSWKNKDTG FÃL´ XKUKDNG GPVTG NGU RÏNGU EQOOGTEKCWZ GV PQP EQOOGTEKCWZ FG NOKPVGTPGV GV HCXQTKUGT NC nFÃTÃNKEVKQPFGURCIGURGTUQPPGNNGU
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ÄVTG UQWOKU ´ FGU EJQUGU SWOKNU UQWJCKVGPV ÃXKVGT /CKU LG RTÃVGPFU SWG FCPU WPG FÃOQETCVKGFKIPGFGEGPQONGUEKVQ[GPUUQPVUQWXGPVOKUGPEQPVCEVCXGEFGUKFÃGUGV FGUVJÂOGUSWOKNUPOQPVRCUURÃEKHKSWGOGPVEJQKUKU
%HUEJÃOCUWTNCUVTWEVWTGFWYGDTÃCNKUÃRCTNGNCDQTCVQKTGFG4GEJGTEJGFO+$/´
#NOCFGP JVVRYYYCNOCFGPKDOEQOEUMYYYHKPCN CWUUK EQOOGPVÃ FCPU.KDÃTCVKQPOCK
JVVRYYYNKDGTCVKQPHTOWNVKCEVWJVON 4GRWDNKEEQORCT%CUU5WPUVGKP2TKPEGVQP7PKXGTUKV[2TGUU
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5K NGU CWVQTKVÃU COÃTKECKPGU UOKPVGTTQIGPV FÃUQTOCKU UWT NGU HTCIKNKVÃU FG NOKPVGTPGVHCEGCWE[DGTVGTTQTKUOGGNNGUUOKPVGTTQIGPVDGCWEQWROQKPUUWTNGU TKUSWGUnNQPIVGTOGHCEGCWZOWVCVKQPUFGNOCTEJKVGEVWTGFWTÃUGCW#KPUK NOQP PQVG SWOWPGCVVCSWGFGUUGTXGWTU TCEKPGU FGU PQOU FG FQOCKPG QW TQQV UGTXGTU RQWTTCKV GPVTCÉPGT WPG RCPPG IÃPÃTCNKUÃG FG NOKPVGTPGV CWZ EQPUÃSWGPEGU KPECNEWNCDNGU .O+%#00 SWK CUUWTG NC IQWXGTPCPEG FGU PQOU FG FQOCKPGU XKGPV FOCKNNGWTU FG OQFKHKGT UQP RTQITCOOG FG VTCXCKN RQWTUGEQPEGPVTGTUWTNCUÃEWTKVÃFGHQPEVKQPPGOGPVFGNOKPVGTPGV
#WZ'VCVU7PKUNCETKUGNKÃGCWZCVVGPVCVUFWUGRVGODTGGPRGTOGVVCPV CWZ CIGPEGU FG TGPUGKIPGOGPV FG TGPFTG RNWU GHHKECEGU NGU OGUWTGU FG UWTXGKNNCPEG FGU KPFKXKFWU TKUSWG CWUUK FOCEEÃNÃTGT NGU EJCPIGOGPVU FCPU NOCTEJKVGEVWTG FG NOKPVGTPGV .GU OQFKHKECVKQPU VGEJPQNQIKSWGU FG NOKPVGTPGV SWK UG FGUUKPGPV CWLQWTFOJWK TKUSWGPV FQPE FOÄVTG FÃHKPKVKXGU #KPUK KN [ C SWGNSWGU OQKU CWZ 'VCVU7PKU NO+'6( KPVGTPGV 'PIKPGGTKPI 6CUM (QTEG TGHWUCKVFCPUWPIGUVGÃOKPGOOGPVRQNKVKSWGFGFQPPGTUWKVG´NCTGSWÄVGFW ($+ XKUCPV ´ OQFKHKGT NOCTEJKVGEVWTG FW TÃUGCW RQWT RGTOGVVG NC OKUG GP RNCEG FOWP U[UVÂOG FOÃEQWVG UWT NOKPVGTPGV /CKU FGRWKU NGU CVVGPVCVU FW UGRVGODTGEGUQPVNGUTÃVKEGPEGUFGUHQWTPKUUGWTUFOCEEÂUCOÃTKECKPUSWK QPVÃVÃDCNC[ÃGUXKU´XKUFWU[UVÂOGFOÃEQWVG%CTPKXQTG'VNGUTCTGUXQKZ SWK GP CRRGNNGPV ´ NOÃSWKNKDTG GPVTG UÃEWTKVÃ GV NKDGTVÃ UWT NOKPVGTPGV UQPV FÃUQTOCKUOCTIKPCNKUÃGU/CKURNWUIÃPÃTCNGOGPVEGUQPVNGUNGPVGUCXCPEÃGU UWT NG HTQPV FG NC UGPUKDKNKUCVKQP FGU EKVQ[GPU SWK UQPV TGOKUGU GP ECWUG +N EQPXKGPV CWUUK FOCPCN[UGT NGU OGUWTGU SWK UGTQPV RTKUGU RQWT UÃEWTKUGT NOKPVGTPGVGPHQPEVKQPFGEGUETKVÂTGU5KNGUEQPUÃSWGPEGUFGEGUOGUWTGUUQPV GPEQTG FKHHKEKNGU ´ OGUWTGT NGWT KORCEV UWT NGU ÃEJCPIGU RQWTTCKV ÄVTG EQPUKFÃTCDNG
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n+PVGTPGVRTQVQEQNRTQRQUCNTCKUGURTKXCE[EQPEGTPU0GYUEQOQEVQDTG JVVRPGYUEPGVEQOPGYUJVON
%CTPKXQTG FÃUQTOCKU TGPQOOÃ &%5 GUV WP NQIKEKGN SWK RGTOGV FOÃEQWVGT NOGPUGODNG FGU ÃEJCPIGU FGU KPVGTPCWVGU CXGE NGWT HQWTPKUUGWT FOCEEÂU KPVGTPGV .QPIVGORUTGHWUÃCWZ'VCVU7PKUEGU[UVÂOGCÃVÃCFQRVÃOCUUKXGOGPVRCTNGU(#+
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