iÀ i Õ } (LQHV GHU ZLFKWLJVWHQ &KDUDNWHULVWLND GLH GLH $UEHLWVZHLVH GHU 1HZ 7ULEHV 0LVVLRQ DXV]HLFKQHQ LVW 7HDPDUEHLW ) U GDV =LHO GLH 6WDPPHVOHXWH ]X HUUHLFKHQ DUEHLWHQ 0HQVFKHQ PLW XQWHUVFKLHGOLFKHQ %HJDEXQJHQ ]XVDPPHQ $XFK GLHVHV %XFK LVW GXUFK 7HDPDUEHLW HQWVWDQGHQ 9LHOH KDEHQ GD]X 0DWHULDO ]XU 9HUI JXQJ JHVWHOOW ]X YLHOH XP VLH DOOH PLW 1DPHQ ]X QHQQHQ 'HQQRFK VLQG GD GUHL 3HUVRQHQ GHUHQ %HLWUlJH VR ZLFKWLJ ZDUHQ GDVV VLH QLFKW EHUVHKHQ ZHUGHQ G UIHQ 7HUU\ 6KHUZRRG VDPPHOWH XQG RUGQHWH PRQDWHODQJ KLVWRULVFKH 'DWHQ 5XWK %HDQ WUXJ DOOHV ]XVDPPHQ XQG IHLOWH GDV 0DWHULDO EHU HLQ -DKU ODQJ ELV GDV HUVWH 0DQXVNULSW IHUWLJ ZDU 'XUFK LKUH $UEHLW HUKLHOW GDV %XFK GLH HQWVSUHFKHQGH $EVWLPPXQJ XQG $XIWHLOXQJ -HDQ -RKQVRQ IHUWLJ WH GLH OHW]WH hEHUDUEHLWXQJ DQ XP GDV ,QWHUHVVH GHV /HVHUV ]X JHZLQQHQ 8QG VFKOLH OLFK PXVV LFK GLH %HLWUlJH DOO GHUHU DQHUNHQQHQ GLH LQ 9HUJDQJHQKHLW XQG *HJHQZDUW LQ GHU 1HZ 7ULEHV 0LVVLRQ GLH LQ GLHVHP %XFK IHVWJHKDOWHQHQ %HJHEHQ KHLWHQ JHOHEW KDEHQ
i iÌ Ê °Ê ÃÌ
ÕvLÀÕV Ê âÕÊ`i Ê 1 iÀÀi V Ìi
iÊ iÃV V ÌiÊÛ Ê iÜÊ/À LiÃÊ ÃÃ
&KULVWOLFKH /LWHUDWXU 9HUEUHLWXQJ 3RVWIDFK %LHOHIHOG
$XÁDJH OHLFKW JHN U]WH $XÁDJH 7LWHO GHV DPHULNDQLVFKHQ 2ULJLQDOV 7KH 6WRU\ RI 1HZ 7ULEHV 0LVVLRQ 1HZ 7ULEHV 0LVVLRQ 86$ $XÁDJH GHU GHXWVFKHQ $XVJDEH &RS\ULJKW 170 H 9 + FNHVZDJHQ ZZZ QWPG RUJ hEHUVHW]XQJ XQG hEHUDUEHLWXQJ 0DQIUHG + QFNH %|EOLQJHQ XQG &RUQHOLD 0 QVWHUPDQQ %LHOHIHOG 8PVFKODJJHVWDOWXQJ /XFLDQ %LQGHU 0HW]LQJHQ 6DW] &/9 'UXFN XQG %LQGXQJ (EQHU 6SLHJHO 8OP ,6%1
vØ ÀÕ }ÊâÕÀÊ"À } > >ÕÃ}>Li
ª'LH *HVFKLFKWH GHU 1HZ 7ULEHV 0LVVLRQ© GXUFK GLH HUVWHQ -DKUH LKUHV %HVWHKHQV ]X GRNXPHQWLHUHQ ZDU HLQH ZHLW JU| HUH $XIJDEH DOV LFK HV HUZDUWHW KDWWH :lK UHQG GLHVHU =HLW HUHLJQHWH VLFK VR YLHO GDVV PDQ EHLQDKH EHU MHGHV .DSLWHO HLQ %XFK KlWWH VFKUHLEHQ N|QQHQ 8P GLH *HVFKLFKWH LQ GLHVHP EHJUHQ]WHQ 8PIDQJ KHUDXV EULQJHQ ]X N|QQHQ PXVVWH LFK QRWJHGUXQJHQ YLHOH LQWHUHVVDQWH 'HWDLOV N U]HQ ZDV LFK VHKU EHGDXUH 9LHOH KDEHQ PLU GDEHL JHKROIHQ GLH )DNWHQ EHU GLH DXI GLHVHQ 6HLWHQ EHULFKWHW ZLUG GDU]XVWHOOHQ $OWH $XVJDEHQ YRQ ª%52:1 *2/'© DEHU DXFK DQGHUH 4XHO OHQ GHQHQ ZLFKWLJH 'DWHQ HQWQRPPHQ ZHUGHQ NRQQWHQ ZXUGHQ VRUJIlOWLJ GXUFK JHVHKHQ (LQLJH %HULFKWH LQ GLHVHP %XFK ZXUGHQ HQWZHGHU DXV PHLQHQ HLJHQHQ RGHU DXFK DXV GHQ (ULQQHUXQJHQ MHQHU ]XVDPPHQJHWUDJHQ GLH PLW XQV LQ GHU 0LVVLRQ JHDUEHLWHW KDEHQ ,FK KDEH PLFK PLW GHU +LOIH DQGHUHU EHP KW HEHQVR JHZLVVHQKDIW YRU]XJH KHQ ZLH GLH 6FKUHLEHU GHU YLHU (YDQJHOLHQ GLH MHZHLOV DXV LKUHU 3HUVSHNWLYH EHULFKWH WHQ ZDV VLH JHVHKHQ KDWWHQ 9LHU]LJ -DKUH VLQG YLHU -DKU]HKQWH ² HLQH ODQJH =HLW =XVDPPHQ PLW GHQHQ GLH PLU JHKROIHQ KDEHQ GLH *HVFKLFKWH GHU 1HZ 7ULEHV 0LV VLRQ ]X 3DSLHU ]X EULQJHQ EHWH LFK GDVV VLH HLQ $XIUXI XQG HLQ 6HJHQ VHLQ P|JH I U DOOH GLH GLHVHV %XFK OHVHQ ,FK ELQ VWlQGLJ HUJULIIHQ YRQ GHU JUR HQ 7UHXH XQVHUHV ZXQGHUEDUHQ +HUUQ GHU XQV LQ VR HUVWDXQOLFKHU :HLVH WULXPSKLHUHQG GXUFK GLHVH YHUJDQJHQHQ -DKUH JHI KUW KDW .HQQHWK - -RKQVWRQ HKHPDOLJHU 9RUVLW]HQGHU 1HZ 7ULEHV 0LVVLRQ
> Ì
9RUEHUHLWXQJVSKDVH GHU 0LVVLRQ ² 3DXO )OHPLQJ 'XUFKNUHX]WH 3OlQH XP 1HXH 9RUDXVVHW]XQJHQ VLQG QRWZHQGLJ 1HZ 7ULEHV 0LVVLRQ HLQH 5HDOLWlW 'DV =LHO VLQG GLH 8QHUUHLFKWHQ $QIDQJ )RUWVFKULWWH DQ GHU +HLPDWIURQW 0LWWH (LQ OHEHQGLJHV 2SIHU +HUEVW 'DV HUVWH %RRW &DPS :HQQ ZLU GDV *XWH HPSIDQJHQ « VROOWHQ ZLU GDQQ QLFKW DXFK GDV %|VH DQQHKPHQ" (UHLJQLVVH DXI GHP )HOG XQG DQ GHU +HLPDWIURQW /XIWEU FNH I U 0LVVLRQDUH (LQ 8P]XJ HLQ .RQWDNW 1HX *XLQHD *lVWHKlXVHU I U 0LVVLRQDUH DXI GHQ )HOGHUQ
9HUVFKROOHQ $QIDQJ 5HJLRQDOH %RRW &DPSV *UR LVW GHLQH 7UHXH +HUEVW 0 9 7ULEHVPDQ 1KDPEXTXDUD .RQWDNW +DOE]LYLOLVLHUWH 6WlPPH ² 6FKXOHQ I U 0LVVLRQDUVNLQGHU $QIDQJ :DOGEUDQG ² :DUXP" 1HXH $UEHLWV]ZHLJH DXFK LP $XVODQG
<XTXL .RQWDNWH %RRW &DPSV ZHUGHQ JHVFKORVVHQ XQG HU|IIQHW 5DGLRVHQGXQJHQ XQG QHXH (UZHLWHUXQJHQ )DLWK %LEOH $FDGHP\ &DPGHQWRQ (QGH GHU HU-DKUH 'UHL QHXH =ZHLJH $QIDQJ GHU HU -DKUH ,Q GHU +HLPDW 1HXH $XVELOGXQJVVWlWWHQ $XI GHQ )HOGHUQ .RRUGLQLHUWHU 8QWHUULFKW 6SUDFKHQVFKXOH LQ -DFNVRQ 0LFKLJDQ ,QWHUQDWLRQDOHV 0LVVLRQV]HQWUXP
'LH M QJVWHQ 3URMHNWH *O FNOLFK VR ZLH VLH VLQG " KHXWH 'LH %RWVFKDIW ZLUG ZHLWHUJHKHQ PRUJHQ :HLWHUH (QWZLFNOXQJHQ LQ (XURSD 8QVHUH :HOW YHUlQGHUW VLFK 1DFKZRUW $QKDQJ 8QHUUHLFKWH 9RONVJUXSSHQ :DV EHGHXWHW XQHUUHLFKW"
6 ÀÜ ÀÌ
ª*RWW ZLOO QLFKW HLQHQ 0HQVFKHQ GXUFK YLHOH 6HJQXQJHQ JUR PDFKHQ VRQGHUQ (U ZLOO YLHOH NOHLQH 0HQVFKHQ VHJQHQ LQGHP (U LKU /HEHQ EHQ W]W © 'LHVH FKD UDNWHULVWLVFKH $XVVDJH YRQ 3DXO )OHPLQJ GHP *U QGHU GHU 1HZ 7ULEHV 0LVVLRQ HQWKlOW DXFK KHXWH QRFK VR YLHO :DKUKHLW ZLH LQ GHQ IU KHQ HU -DKUHQ DOV HU GLHV VDJWH *RWW I KUWH ªQLFKW YLHOH 0lFKWLJH QLFKW YLHOH (GOH© ]XVDPPHQ VRQGHUQ HLQHQ 'XUFKVFKQLWW YRQ JHZ|KQOLFKHQ &KULVWHQ DXV DOOHQ /HEHQVEHUHLFKHQ XP GDV (YDQJHOLXP VR VFKQHOO ZLH P|JOLFK ]X GHQ XQHUUHLFKWHQ 6WlPPHQ ]X EULQJHQ 'LH (QWVWHKXQJ XQG (QWZLFNOXQJ YRQ 1HZ 7ULEHV 0LVVLRQ ZLUG EHU HLQHQ =HLW DEVFKQLWW YRQ -DKUHQ GDUJHVWHOOW ² HLQH *HVFKLFKWH GHV /HUQHQV XQG GHV =XVDP PHQZDFKVHQV ]X HLQHP 7HDP 'LHVHV %XFK JLEW HLQHQ hEHUEOLFN VRZRKO EHU GDV JDQ]H :HUN DOV DXFK EHU MHGH $XVELOGXQJVVWlWWH RGHU $EWHLOXQJ GLH GHU ª+HL PDWIURQW© KLQ]XJHI JW ZXUGH HLQVFKOLH OLFK HLQLJHU ª(UVWOLQJH© DXI YHUVFKLHGHQHQ )HOGHUQ (LQ ZHLWHUHU %DQG GHU ]XU =HLW DOV 0DQXVNULSW YRUOLHJW EHVFKlIWLJW VLFK PLW GHQ ª)HOG %HVRQGHUKHLWHQ© GHU HLQ]HOQHQ /lQGHU LQ GHQHQ GLH 0LVVLRQ DUEHLWHW :HOFK HLQH )UHXGH DXI -DKUH ]XU FNVFKDXHQ XQG IHVWVWHOOHQ ]X G UIHQ *RWW KDW ZLUNOLFK ªYLHOH NOHLQH 0HQVFKHQ JHVHJQHW LQGHP (U LKU /HEHQ EHQ W]WH© .HQ -RKQVWRQ 'H]HPEHU
£°Ê6 ÀLiÀi ÌÕ }ë >ÃiÊ`iÀÊ Ãà *>Õ Ê i }
ÊÕ }iÜ V iÀÊ ÃÃ >À $XI HLQHU .RQIHUHQ] I U 3DVWRUHQ LQ 2DNODQG .DOLIRUQLHQ VSUDFK HLQ 0LV VLRQDU (V ZDU 3DXO :LOOLDP )OHPLQJ GHU JHUDGH ]ZHL RGHU GUHL 0RQDWH ]XYRU YRQ %ULWLVK 0DOD\D ]XU FNJHNHKUW ZDU (U ZDU VFKZDFK XQG VHKU VFKODQN GHQQ HU HU KROWH VLFK QRFK YRQ HLQHU H[WUHP JHIlKUOLFKHQ 0DODULD 6HLQ PLVVLRQDULVFKHU $XIUXI ]HLJWH XQV 3DVWRUHQ ZRYRQ VHLQ +HU] HUI OOW ZDU 'DQDFK YHUOLH HU GHQ 6DDO ZLH HU JHNRPPHQ ZDU RKQH MHPDQGHQ ]X EHJU HQ RGHU PLW MHPDQGHP ]X UHGHQ ,FK ZHL QRFK JHQDX ZLH VWDUN LFK GDYRQ HUJULIIHQ ZDU ,FK HULQQHUH PLFK ZLH LFK PLU VDJWH GDVV GLHV NHLQ JHZ|KQOLFKHU 0LVVLRQDU VHL ,UJHQGHWZDV DQ LKP ZDU DQGHUV (U KDWWH HLQ EUHQQHQGHV +HU]
-i ÊvÀØ iÀÊ yÕÃÃ ,FK K|UWH QLFKWV PHKU YRQ 3DXO )OHPLQJ ELV PLU PHLQH 0XWWHU GLH LQ HLQHU HQWIHUQ WHQ 6WDGW ZRKQWH VFKULHE ªHLQ XQJHZ|KQOLFKHU 0LVVLRQDU© KDEH LQ LKUHU *HPHLQGH JHVSURFKHQ 6LH HPSIDKO PLU GULQJHQG GLHVHQ 6SUHFKHU LQ PHLQH *HPHLQGH HLQ]X ODGHQ ,FK VFKULHE LKP XQG EDW LKQ ]X NRPPHQ ZDV HU DXFK WDW 'HU +HLOLJH *HLVW ZLUNWH LQ GHU 9HUVDPPOXQJ DQ GHQ +HU]HQ GHU +|UHU XQG HWOLFKH MXQJH /HXWH HQWVFKLHGHQ VLFK I U HLQHQ 'LHQVW LQ GHU 0LVVLRQ ,FK IUHXWH PLFK VHKU GDU EHU XQG VDJWH HV LKP 3DXO )OHPLQJ ZDU QLFKW LP *HULQJVWHQ YRQ PHLQHP .RP SOLPHQW EHHLQGUXFNW (U VDK PLFK DQ XQG IUDJWH ª8QG ZDV LVW PLW ,KQHQ"©
6FKRFNLHUW IUDJWH LFK ]XU FN ª,FK"© ,FK ZDU GRFK KLHU LQ HLQHP ªYROO]HLWOLFKHQ 'LHQVW© DOV 3DVWRU (U DQWZRUWHWH ª-D 6LH © ,FK VDJWH ª,FK NDQQ QLFKW © ª:DV PHLQHQ 6LH GDPLW LFK NDQQ QLFKW"© ,FK HUNOlUWH ª,FK KDEH HV HLQPDO YHUVXFKW XQG ZXUGH DEJHZLHVHQ © ª'DQQ +$7 GHU +HUU 6LH DOVR VFKRQ DQJHVSURFKHQ DXIV 0LVVLRQVIHOG ]X JHKHQ © 3DXO KDWWH GDV JOHLFK ULFKWLJ YHUVWDQGHQ 'DQQ IUDJWH HU PLFK ª:HU KDW 6LH JHUXIHQ" (LQH 0LVVLRQVOHLWXQJ RGHU GHU +HUU"© 1XQ ZDU LFK GXUFK PHLQH HLJHQHQ (U NOlUXQJHQ JHIDQJHQ ZRUGHQ (U EHVHL WLJWH PHLQH (LQZlQGH GLUHNW 6FKOLH OLFK DQWZRUWHWH LFK ª,FK JODXEH GHU +HUU © 3$8/ : )/(0,1* 'DUDXI HUNOlUWH HU ª'D (U 6LH JHUXIHQ KDW VROOWHQ 6LH EHVVHU JHKHQ *RWW IRU GHUW YRQ ,KQHQ QLHPDOV HWZDV ZDV ,KQHQ XQP|JOLFK LVW ]X WXQ © ,FK VWHOOWH IHVW GDVV HU UHFKW KDWWH 'DQQ VDJWH HU QRFK HWZDV GDV LFK QLFKW YHUJHVVHQ KDEH ª:HQQ (U 6LH JHUXIHQ KDW GDQQ UXIW (U 6LH LPPHU QRFK GHQQ GLH *DEHQ XQG %HUXIXQJHQ *RWWHV JHUHXHQ ,KQ QLFKW *RWW lQGHUW 6HLQH 0HLQXQJ QLFKW © ,FK HUNDQQWH GDVV LFK QLFKW HLQHQ JHZ|KQOLFKHQ 0LVVLRQDU YRU PLU KDWWH 'LH (QW VFKXOGLJXQJ GLH LFK PLU ]XUHFKWJHOHJW KDWWH NRQQWH LKQ QLFKW EUHPVHQ ZLH HV EHL
0$57,1 81' (500$ &+5,67,1( )/(0,1*
DQGHUHQ GHU )DOO JHZHVHQ ZlUH 6LH NRQQWH LKQ WDWVl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ª9HUN QGLJW GDV (YDQJHOLXP DOOHU .UHDWXU © *RWW EUDXFKWH LKQ DOV HLQHQ 5XIHU I U YLHOH GLH VRQVW QLFKW LQ GLH 6WDPPHVDUEHLW JHJDQJHQ ZlUHQ 'DV HLQ]LJ 8QJHZ|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lOWHUH 6FKZHVWHU VFKUHLEW ª2IW ZHQQ LFK QDFK +DXVH NDP IDQG LFK PHLQH 0XWWHU EHWHQG ² PDQFKPDO DP .RSIHQGH LKUHV %HWWHV DXI GHQ .QLHQ PDQFKPDO DXI HLQHP NOHLQHQ .LVVHQ DXI GHP %RGHQ ,FK VHKH VLH QRFK YRU HLQHP 6WXKO NQLHQ DXI GHP GLH DXIJHVFKODJHQH %LEHO ODJ 'LH %ULOOH UXWVFKWH LKU YRQ GHU 1DVH XQG VLH ZLVFKWH VLFK GLH 7UlQHQ DXV LKUHQ QDVVHQ $XJHQ ,KU +HU] VFKPRO] ZHQQ VLH PLW *RWW UHGHWH 6LH NDQQWH ,KQ 6LH QDKP VLFK =HLW XP ,KQ EHVVHU NHQQHQ ]X OHUQHQ 'HVKDOE ZDU VLH VR DQGHUV 'HVKDOE EHHLQÁXVVWH LKU /HEHQ DQGHUH 0HQVFKHQ © $OV GHU MXQJH 3DXO JHERUHQ DP 2NWREHU RGHU -DKUH DOW ZDU QDKP HU EHL HLQHP *RWWHVGLHQVW YRQ 'U )UHQFK 2OLYHU LQ GHU &KXUFK RI WKH 2SHQ 'RRU LQ /RV $QJHOHV GHQ +HUUQ DOV VHLQHQ 5HWWHU DQ 'HQQRFK KDW HU HUVW PLW IDVW -DKUHQ VHLQ /HEHQ GHP +HUUQ JHZHLKW ,Q VHLQHU -XJHQG]HLW ]RJHQ LKQ GLH 'LQJH GLHVHU :HOW VWDUN DQ (U EHJDQQ VHLQH HLJHQHQ :HJH ]X JHKHQ 2IW NDP HU HUVW VSlW LQ GHU 1DFKW QDFK +DXVH (U ]RJ GDQQ VHLQH 6FKXKH DXV VFKOLFK VLFK LQV +DXV XQG LQV %HWW RKQH GDV /LFKW HLQ]XVFKDOWHQ (U VFKOLHI HLQ XQG PHLQWH GDVV VHLQH 0XWWHU LKQ QLFKW JHK|UW KDEH 0HKU DOV HLQPDO HUZDFKWH HU XQG VWHOOWH IHVW GDVV VHLQH 0XWWHU YRU VHLQHP %HWW NQLHWH XQG VWLOO I U LKQ EHWHWH 3DXO ZXUGH HLQ JXWHU 6SRUWOHU (U VSLHOWH $PHULFDQ )RRWEDOO %DVHEDOO XQG %DVNHW EDOO (U EUDFKWH %lQGHU XQG 7URSKlHQ KHLP XQG ]HLJWH VLH VWRO] VHLQHU 0XWWHU $EHU VLH VFKLHQ VLFK QLHPDOV GDU EHU ]X IUHXHQ (LQPDO IUDJWH 3DXO VLH ª0XWWHU LVW GLU GDV HJDO"© ,KUH $QWZRUW ODXWHWH ª3DXO LP 6SRUW ZLUG GLFK HLQHV 7DJHV MHPDQG VFKODJHQ (V JLEW QXU HLQHQ /DXI GHQ GX JHZLQQHQ PXVVW GDV LVW GHU /DXI I U -HVXV &KULVWXV ©
'LH )DPLOLH ZRKQWH LQ /RV $QJHOHV .DOLIRUQLHQ LQ GHU 'XDQH 6WUHHW XQG KDWWH LP *DUWHQ HLQ NOHLQHV -XQJJHVHO OHQKlXVFKHQ (LQHU LKUHU 0LHWHU DXI =HLW ZDU HLQ DOWHU *ROGVFK UIHU (U ]RJ LQ GLH 6LHUUD 1HYDGD %HUJH XQG VFK UIWH QDFK *ROG ELV VHLQH 9RUUlWH DXIJH EUDXFKW ZDUHQ 'DQQ NHKUWH HU LQ )OH PLQJV +lXVFKHQ ]XU FN XQG YHUGLHQWH VLFK JHQ JHQG *HOG ELV HU ZLHGHU LQ GLH %HUJH JHKHQ NRQQWH ,QGHP VLH DXI GHQ YHUQDFKOlVVLJWHQ DOWHQ .HUO ]HLJWH VDJ WH 3DXOV 0XWWHU ]X LKUHP 6RKQ ª3DXO ZHQQ GX GHLQ /HEHQ QLFKW GHP +HUUQ 3$8/ 5$'(5 EHUJLEVW ZLUVW GX JHQDXVR ZLH HU © :DV VLH VDJWH EHU KUWH 3DXO ]X GLHVHU =HLW ZHQLJ GRFK HLQLJH -DKUH VSlWHU EHQXW]WH GHU +HUU LKUH :RUWH 3DXO VFKULHE EHU VHLQH XQVWHWHQ -DKUH ª,FK ZROOWH ZLUNOLFK HLQ JXWHU &KULVW VHLQ DEHU LFK VFKDIIWH HV QLFKW ,FK PDFKWH YLHOH )HKOHU XQG QDW UOLFK PXVVWH LFK ¶QHX JHUHWWHW· ZHUGHQ GDV VDJWH PDQ PLU ,FK ZDU QLFKW ZLUNOLFK ]XIULHGHQ REJOHLFK LFK PLFK VHKU DQVWUHQJWH DXV PHLQHP /HEHQ HWZDV /RKQHQVZHUWHV ]X PDFKHQ :HQQ LFK KHXWH ]XU FNVFKDXH Z UGH LFK YLHO GDUXP JHEHQ VFKRQ GDPDOV GLH (UNHQQWQLV JHKDEW ]X KDEHQ GDVV GHU +HUU HLQ EHVWlQGLJHV :HUN LQ PLU EHJRQQHQ KDWWH GHQQ VR YLHOH -DKUH PHLQHV /HEHQV VFKLHQHQ YHUJHXGHW ]X VHLQ ,Q DOO GHU =HLW JHK|UWH LFK WDWVlFKOLFK VFKRQ ]X *RWW ² LFK KDWWH QXU YHUVXFKW QDFK PHLQHQ HLJHQHQ 9RUVWHOOXQ JHQ ]X OHEHQ XQG GDV IXQNWLRQLHUWH QLFKW ©
}>LiÊ> Ê`i Ê i ÃÌ 3DXO KDWWH DOOHV 0|JOLFKH JHWDQ QXU QLFKW GLH ,GHH DXIJHJHEHQ HWZDV I U GDV &KULV WHQWXP ]X WXQ 'D NDP 3DXO 5DGHU ]X HLQHU (YDQJHOLVDWLRQ QDFK /RV $QJHOHV 3DXO )OHPLQJ LPSRQLHUWH GLHVHU 3UHGLJHU GHU IU KHU HLQ JUR HU $PHULFDQ )RRWEDOOVSLHOHU XQG 6FKZHUJHZLFKWV 5LQJNlPSIHU JHZHVHQ ZDU 6HLQH %RWVFKDIW ZDU HWZDV 1HXHV I U 3DXO ª:HQQ GHU +HUU LQ GHLQ +HU] NRPPW JHVFKLHKW GDV ZLUNOLFK :HQQ GX ZLHGHUJHERUHQ ELVW JLEW (U GLU HLQH QHXH 1DWXU 1LFKWV ZLUG MHPDOV GLHVHQ =XVWDQG YHUlQGHUQ © 'XUFK GHQ 'LHQVW YRQ +HUUQ 5DGHU HUNDQQWH 3DXO GDVV GLH 5HWWXQJ QXU GXUFK *QDGH JHVFKLHKW RKQH :HUNH 3DXO ZHLKWH VHLQ /HEHQ GHP +HUUQ (U VFKULHE ª0LU ZXUGH EHZXVVW GDVV LFK QXQ ]X &KULVWXV JHK|UWH XQG GDVV HV PHLQH $XIJDEH ZDU ,KP ]X IROJHQ © 3DXO 5DGHU UHLVWH ]XU FN LQ GHQ 2VWHQ $EHU HU OLH HWZDV LQ WDXVHQGHQ YRQ +HU]HQ ]XU FN ² GHQ :XQVFK YRQ *RWW JHEUDXFKW ]X ZHUGHQ (V LVW LQWHUHVVDQW GDVV GLH
PHLVWHQ 0lQQHU GHU HUVWHQ 0LVVLRQVOHLWXQJ GHU 1HZ 7ULEHV 0LVVLRQ GXUFK 3DXO 5DGHUV 'LHQVW EHU KUW ZXUGHQ /DQFH /DWKDP %LOO 'LOORQ %RE :LOOLDPV 0HUYLQ 5RVHOO 5R\ 2HVWUHLFKHU VRZLH 3DXO )OHPLQJ 'LHVHU :XQVFK ZDU LQ 3DXO )OHPLQJV /HEHQ RIIHQVLFKWOLFK JHJHQZlUWLJ (U ZROOWH LQ LUJHQGHLQHP 'LHQVW I U *RWW WlWLJ VHLQ 'LH )UDJH ZDU ª:,("© (V ZDU I U 3DXO )OHPLQJ HLQ JUR HU 7DJ DOV HU YRQ +HUUQ 5DGHU HLQHQ %ULHI HUKLHOW LQ GHP HU JHIUDJW ZXUGH RE HU LKP LQ )RUW :D\QH ,QGLDQD KHOIHQ N|QQH 3DXO )OHPLQJ VFKULHE ª,FK I KOWH PLFK LQ NHLQHU :HLVH JUR RGHU ZLFKWLJ ,FK GXUIWH QXU HLQIDFK EHL HLQHP 0DQQ VHLQ YRQ GHP LFK PHKU XQG PHKU EHU]HXJW ZDU GDVV HU *RWW XQG GLH 0HQVFKHQ OLHEW ,FK ZRKQWH EHL LKP $XI VHLQHU )DUP YHUVRUJWH LFK GLH + KQHU XQG OHLWHWH GLH -XQJHQMXQJVFKDU XQG GLH -XJHQGJUXSSH LQ VHLQHU *HPHLQGH ,FK ZDU JO FNOLFK LP 'LHQVW GHV +HUUQ ]X VHLQ © 'HQ *HGDQNHQ 0LVVLRQDU ]X ZHU GHQ VWHOOWH HU ]XQlFKVW HLQPDO ]XU FN (U VFKULHE ª,FK ZDU PLU VLFKHU GDVV HV NHLQHQ 2UW JDE DQ GHP JU| HUHU 1DFKGUXFN DXI :HOWHYDQJHOLVDWLRQ JHOHJW ZXUGH © (U EHVXFKWH GLH JUR HQ 0LVVLRQVNRQIHUHQ]HQ LQ GHU )RUW :D\QH (YDQJHOLXPVKDOOH (U KRUFKWH DXI ZDQQ LPPHU HLQ 0LVVLRQDU HLQHQ $XIUXI PDFKWH ª,FK ZDU MHGHU]HLW EHUHLW I U GHQ )DOO GDVV GHU +HUU PLFK EUDXFKHQ Z UGH ,FK ZDU EHUHLW ,Q]ZLVFKHQ KDEH LFK DOOHUGLQJV JHOHUQW GDVV PDQ VFKQHOOHU DQ HLQHQ 3ODW] NRPPW ZHQQ PDQ ZLOO DOV ZHQQ PDQ QXU GD]X EHUHLW LVW © $XV YHUVFKLHGHQHQ *U QGHQ NHKUWH 3DXO QDFK .DOLIRUQLHQ ]XU FN $OV HU GLH $UEHLW YRQ 3DXO 5DGHU YHUOLH KDWWH 3DXO )OHPLQJ GDV *HI KO HU VHL I U LPPHU DXV GHU FKULVWOLFKHQ $UEHLW DXVJHVFKLHGHQ (U ZROOWH LQ GHQ 2VWHQ UHLVHQ DEHU GDV NODSSWH QLFKW 0RQDWH YHUJLQJHQ *HLVWOLFK JLQJ HV LKP PLVHUDEHO 3DXO IDQG $UEHLW LQ 'XUNHHV )DPRXV )RRGV &RPSDQ\ LQ 2DNODQG .DOLIRUQLHQ :lKUHQG HLQHU 1DFKWVFKLFKW UHLQLJWH HU HLQHQ JUR HQ %RWWLFK LQ GHP GLH gOH I U 0DUJDULQH UDIÀQLHUW ZXUGHQ ,KP JHJHQ EHU DUEHLWHWH HLQ DOWHU 0DQQ 'LHVHU JDOW DOV HLQ ¶1LFKWVQXW]· (U EHVD QLFKWV XQG ZDU HLQ /DQGVWUHLFKHU $OV 3DXO GLHVHQ DOWHQ 0DQQ GRUW VDK K|UWH HU SO|W]OLFK ODXW XQG GHXWOLFK GLH :RUWH VHLQHU 0XWWHU EHU GHQ *ROGVFK UIHU ª3DXO ZHQQ GX GHLQ /HEHQ QLFKW GHP +HUUQ EHUJLEVW ZLUVW GX JHQDXVR ZLH HU © 'HU $QEOLFN GLHVHV 0DQQHV JHQ JWH (U VFKULHE ª'LHVHU DOWH 0DQQ ZDU GDV H[DNWH %LOG YRQ GHP ZDV DXV PLU ZHUGHQ Z UGH ,FK ZDU XQ]XIULHGHQ (V VFKLHQ GDVV LFK QLFKWV KDWWH ZRI U LFK OHEHQ NRQQ WH ,FK VDJWH PLU VHOEHU ª,FK GDUI QLFKW VR ZHUGHQ LFK GDUI HLQIDFK QLFKW ,FK JHEH GHP +HUUQ PHLQ /HEHQ © ,Q GLHVHU 1DFKW YHUVSUDFK 3DXO )OHPLQJ GHP +HUUQ GDVV HU GXUFK 6HLQH *QDGH XQG PLW 6HLQHU +LOIH GLH 9HUHLQLJWHQ 6WDDWHQ YHUODVVHQ Z UGH EHYRU GDV -DKU ]X (QGH JLQJH XP GDV (YDQJHOLXP DXI GHP 0LVVLRQVIHOG ]X YHU N QGLJHQ 'LH 8Q]XIULHGHQKHLW GLH LKQ VHLW 0RQDWHQ EHODVWHW KDWWH ZDU YHUVFKZXQGHQ )ULHGHQ XQG HLQ =LHO KDWWHQ LKQ HUJULIIHQ (U EHVD NHLQHQ *URVFKHQ $X HU VHL QHU )DPLOLH XQG VHLQHU %UDXW &KHUULOO +DUWHU NDQQWH HU NHLQH HLQ]LJH 3HUVRQ GLH ,QWHUHVVH GDUDQ JHKDEW KlWWH VHLQHQ 5XI LQ GLH 0LVVLRQ ]X XQWHUVW W]HQ 'RFK GDV
VFKLHQ QLFKW ZLFKWLJ ]X VHLQ (U YHUWUDXWH DXI *RWWHV )lKLJNHLW GDV 8QP|JOLFKH ]X YROOEULQJHQ $OV HU PLW VHLQHU %UDXW GLH 6DQ )UDQFLVFR %D\ HQWODQJ IXKU ]HLJWH HU DXI GLH *ROGHQ *DWH %U FNH XQG VDJWH ª%HYRU GDV -DKU ]X (QGH LVW ZHUGHQ ZLU GXUFK GLHVHV *RO GHQ *DWH IDKUHQ © :lKUHQG GHU +RFK]HLWVYRUEHUHLWXQJHQ HU]lKOWH 3DXO 5HY :LOOLDP % +RJJ GHP 3DVWRU GHU &RXQWU\ &KXUFK YRQ +ROO\ZRRG YRQ VHLQHP 3ODQ DXI GDV 0LVVLRQV IHOG ]X JHKHQ 3DXO ZDU HUVWDXQW DOV +RJJ LKP GDUDXIKLQ HUNOlUWH ª3DXO ZLU KDEHQ VFKRQ GDUDXI JHZDUWHW GDVV GHU +HLOLJH *HLVW GLHV EHZLUNW :LU ZHUGHQ KLQWHU GLU VWHKHQ ZHQQ GX JHKVW © +RJJ YHUVSUDFK LKP GDVV GLH &RXQWU\ &KXUFK YRQ +ROO\ ZRRG I U VHLQHQ 8QWHUKDOW DXINRPPHQ Z UGH 3DXO )OHPLQJ XQG &KHUULOO +DUWHU ZXUGHQ LP -XQL LQ GHU &RXQWU\ &KXUFK YRQ +ROO\ZRRG .DOLIRUQLHQ JHWUDXW
*>Õ ÊÕ `Ê iÀÀ Ê i }ÊÀi Ãi Ê>ÕÃ 'LH 6FKLIIV EHUIDKUWHQ ZXUGHQ JHEXFKW (V ZDUHQ HWZD 0RQDWH YHUJDQJHQ VHLWGHP GHU +HUU VR GHÀQLWLY DQ LKP JHZLUNW KDWWH .XU] GDUDXI JHVFKDK HWZDV 6FKOLPPHV +HUU +RJJ ZXUGH HUQVWOLFK NUDQN 3DXOV HUVWHU *HGDQNH ZDU ª:HQQ HU VWLUEW ZHU ZLUG XQV GDQQ XQWHUVW W]HQ"© $OV LKP MHGRFK EHZXVVW ZXUGH GDVV HU LQ %H]XJ DXI VHLQHQ 8QWHUKDOW DXI GDV 9HUVSUHFKHQ HLQHV 0HQVFKHQ YHUWUDXW KDWWH ZDU HU VHKU EHVW U]W ª+DEH LFK ZLUNOLFK GHP +HUUQ YHUWUDXW" :HVKDOE ELQ LFK GDQQ VR lQJVWOLFK"© IUDJWH HU VLFK 3DXO XQG &KHUULOO ZDQGWHQ VLFK LP *HEHW DQ GHQ +HUUQ 6RJOHLFK ZXUGH VHLQ +HU] YRQ GHPVHOEHQ 9HUWUDXHQ DXI *RWW HUI OOW ZLH VHLQHU]HLW LQ GHU 5DIÀQHULH *RWW EHUHLWHWH LKUH +HU]HQ I U GLH $XVZLUNXQJ GLH GHU 7RG YRQ 5HY +RJJ I U LKUH 3OlQH KDEHQ Z UGH ]X 'LH &RXQWU\ &KXUFK YRQ +ROO\ZRRG VDK VLFK QLFKW PHKU LQ GHU /DJH LKQHQ GLH +LOIH ]X JHZlKUHQ GLH LKQHQ XUVSU QJOLFK YHUVSURFKHQ ZRUGHQ ZDU 'D GLH )OHPLQJV MHGRFK IHVW GDYRQ EHU]HXJW ZDUHQ GDVV GHU +HUU VLH DXI GDV 0LVVLRQVIHOG JHUXIHQ KDWWH ZDUHQ VLH VLFK VLFKHU GDVV *RWW I U LKUH %HG UIQLVVH VRUJHQ Z UGH (LQHV 6RQQWDJV OXGHQ 3DXO )OHPLQJV (OWHUQ HLQHQ EHNDQQWHQ FKULVWOLFKHQ /HLWHU ]XP 0LWWDJHVVHQ HLQ 1DFK GHU 0DKO]HLW ZXUGH 3DXO YRQ GLHVHP 0DQQ JHEHWHQ HLQHQ NOHLQHQ 6SD]LHUJDQJ PLW LKP ]X PDFKHQ 8QWHUZHJV VDJWH HU ª,FK KDEH JHK|UW GDVV GX DXIV 0LVVLRQVIHOG JHKHQ ZLOOVW © ª'DV VWLPPW© EHVWlWLJWH 3DXO ª3DXO GX NDQQVW DOOHV P|JOLFKH WXQ DEHU QLFKW DXIV 0LVVLRQVIHOG JHKHQ 'X KDVW QLFKW GDV =HXJ ]X HLQHP 0LVVLRQDU © 'DQQ IUDJWH HU ª+DVW GX LUJHQGHLQH *DUDQWLH I U GHLQHQ 8QWHUKDOW"© 3DXO DQWZRUWHWH ª1HLQ LFK JODXEH GDVV XQV GLHV QLHPDQG JDUDQWLHUHQ NDQQ © 1DFKGU FNOLFK IXKU GHU 0DQQ IRUW 3DXOV (QWVFKHLGXQJ ]XQLFKWH ]X PDFKHQ ª'X EUDXFKVW XQEHGLQJW HLQH *DUDQWLH GDVV GX VR XQG VR YLHO PRQDWOLFK EHNRPPVW 0LV
VLRQDUH VLQG VFKRQ YHUKXQJHUW 1RWL] =ZHLIHOORV EH]RJ HU VLFK DXI .DSLWlQ $OOHQ *DUGLQHU XQG VHLQH 0LVVLRQDUVPLWDUEHLWHU GLH DP 6WUDQG YRQ )HXHUODQG YHU KXQJHUW VLQG DOV VLH GLH ZLOGHQ SDWDJRQLVFKHQ 6WlPPH HUUHLFKHQ ZROOWHQ =ZHL 7DJH EHYRU HU VWDUE VFKULHE HU Ä:LU I KOHQ XQG ZLVVHQ GDVV *RWW EHL XQV LVW 6FKODIHQG RGHU ZDFKHQG ELQ LFK XQEHVFKUHLEOLFK JO FNOLFK ¶ &RQFLVH 'LFWLRQDU\ RI WKH &KULVWLDQ :RUOG 0LVVLRQ YRQ 1HLOO $QGHUVRQ XQG *RRGZLQ $ELQJWRQ 3UHVV 1HZ <RUN 'X YHUGLHQVW ]XU =HLW NHLQHQ 8QWHUKDOW :HQQ GX DXVUHLVW NRPPVW GX LQ ÀQDQ]LHOOH 6FKZLHULJNHLWHQ XQG PXVVW GHLQH DUPHQ (OWHUQ XP +LOIH ELWWHQ 6LH VLQG DOW XQG QLFKW LQ GHU /DJH GLU ]X KHOIHQ (V ZLUG I U VLH VHKU VFKZHU ZHUGHQ 3DXO GX VROOWHVW QLFKW JHKHQ © 3DXO GDFKWH HLQH :HLOH GDU EHU QDFK XQG DQWZRUWHWH VFKOLH OLFK YHUWUDXHQVYROO ª*RWW KLH XQV ]X JHKHQ GHVKDOE JHKHQ ZLU :HQQ *RWW QLFKW I U XQV VRUJW XQG ZLU KHLPUHLVHQ P VVHQ N|QQHQ ZLU MHGHU]HLW VDJHQ ZLU KDEHQ HV YHUVXFKW DEHU *RWW KDW YHUVDJW © 6LH UHLVWHQ DP )HEUXDU ]X LKUHP JHSODQWHQ =LHO DXV QDFK 6XPDWUD
3$8/ )/(0,1* ,1 0$/$<$ +(87,*(6 0$/$<6,$
(,1 0$/$,,6&+(5 (,1*(%25(1(5
Ó°Ê ÕÀV ÀiÕâÌiÊ* B iÊ Õ Ê£ {£®
%HLP =ZLVFKHQVWRS LQ 6LQJDSXU ZXUGHQ 3DXO XQG &KHUULOO VHKU GXUFK GLH XQJH ZRKQWHQ (LQGU FNH EHU KUW XQG JOHLFK]HLWLJ ZDUHQ VLH IDV]LQLHUW YRQ GHQ YLHOHQ 1DWLRQDOLWlWHQ 'LHVH QHXHQ 0LVVLRQDUH EDWHQ *RWW LKU /HEHQ ]X JHEUDXFKHQ
iÊ i }ÃÊ Ê > >Þ> 3DXO HUNXQGLJWH VLFK EHUDOO XQG HUIXKU GDVV HV DXI GHU PDODLLVFKHQ +DOELQVHO YLHOH '|UIHU JDE GLH YRP (YDQJHOLXP QRFK Y|OOLJ XQEHU KUW ZDUHQ (U VDPPHOWH VlPW OLFKH ,QIRUPDWLRQHQ GLH HU EHU HLQH EHVWLPPWH *UXSSH YRQ 6WDPPHVOHXWHQ HUKDO WHQ NRQQWH 'LHVH ZDUHQ EHNDQQW DOV GLH 6DNDL GLH LP PDODLLVFKHQ 'VFKXQJHO OHEWHQ -H PHKU HU EHU GLH JUR H 1RW LQ %ULWLVK 0DOD\D HUIXKU GHVWR PHKU EHU KUWH GHU +HUU VHLQ +HU] GRUWKLQ ]X JHKHQ DQVWDWW QDFK 6XPDWUD ZHLWHU]XUHLVHQ (U VFKULHE ,FK KDEH RIW JHK|UW GDVV PDQ HLQ EHVWLPPWHV =LHO KDEHQ PXVV« EHYRU PDQ DXIV 0LVVLRQVIHOG JHKW« 'HU +HUU ZDU HLQ]LJ XQG DOOHLQ GDUDQ LQWHUHVVLHUW GDVV LFK PLFK LQ GLH ULFKWLJH 5LFKWXQJ EHZHJWH %52:1 *2/' 0lU] 6
*O KHQG YRU %HJHLVWHUXQJ EHVXFKWH 3DXO LQ 6LQJDSXU HLQHQ 0DQQ DXV GHQ 9HUHLQLJ WHQ 6WDDWHQ GHU GRUW 3DVWRU HLQHU *HPHLQGH ZDU (U EUHLWHWH DXI GHP %RGHQ HLQH JUR H .DUWH YRQ %ULWLVK 0DOD\D DXV XQG EDW GHQ 3DVWRU LKP GLH *HJHQG ]X ]HLJHQ LQ ZHOFKHU GHU 6WDPP GHU 6DNDL OHEWH 'HU 3DVWRU VDK 3DXO DEOHKQHQG DQ XQG PHLQWH ª+|U ]X 3DXO ODVV XQV QLFKW IDFKVLPSHOQ © ,Q VSlWHUHQ -DKUHQ EH]RJ VLFK 3DXO DXI
0HQVFKHQ GLH LQ DQGHUHQ /lQGHUQ DOV ª3URÀV LKUH 6RUJH XP GLH 0HQVFKHQ DQ XQG DXV]LHKHQ ZLH HLQHQ 0DQWHO© (U ZDU GHU hEHU]HXJXQJ GDVV LP /HEHQ HLQHV MHGHQ &KULVWHQ *RWWHV /LHEH GLH GUlQJHQGH .UDIW VHLQ P VVH .XU] QDFK VHLQHU $QNXQIW LQ 6LQJDSXU WUDI 3DXO )OHPLQJ 'U 5REHUW $ -DIIUD\ HLQHQ lOWHUHQ DPHULNDQLVFKHQ 0LVVLRQDU GHU &0$ &KULVWLDQ DQG 0LVVLRQDU\ $OOLDQFH 'U -DIIUD\ KDWWH HLQH JUR H 9LVLRQ 1DFK 0W ZR HV KHL W ª8QG GLHVHV (YDQJHOLXP GHV 5HLFKHV ZLUG JHSUHGLJW ZHUGHQ DXI GHP JDQ]HQ (UGNUHLV 52%(57 $ -$))5$< DOOHQ 1DWLRQHQ ]X HLQHP =HXJQLV XQG GDQQ ZLUG GDV (QGH NRPPHQ© KDWWH HU VHLQH $XJHQ DXI GDV HLQH =LHO JHULFKWHW DXFK GHQ OHW]WHQ XQHUUHLFKWHQ 9RONVVWDPP I U &KULVWXV ]X JHZLQQHQ (U HU]lKOWH GDVV HV LKP NHLQH 5XKH ODVVH ZHQQ HU YRQ LUJHQGHLQHU *HJHQG K|UH GLH QRFK QLFKW GXUFK GDV (YDQJHOLXP HUUHLFKW ZRUGHQ VHL ² VRODQJH ELV HU MHGH $QVWUHQJXQJ XQWHUQRPPHQ KDEH GRUWKLQ ]X NRPPHQ -DIIUD\V 9LVLRQ XQG (LIHU ZDUHQ LQVSLULHUHQG (U XQG 3DXO ZXUGHQ YRQ +HU]HQ HLQV XQG YHUEUDFKWHQ I U GLH 1|WH GHU QRFK XQHUUHLFKWHQ *HELHWH YLHOH 6WXQGHQ LP *HEHW 'U -DIIUD\ EHWUDFKWHWH %ULWLVK 0DOD\D DOV GDV 7RU ]X HLQHP GHU JU| WHQ QRFK XQ HYDQJHOLVLHUWHQ )HOGHU GHU (UGH 3DXO JHJHQ EHU HUZlKQWH HU GDVV GHU OHW]WH QRFK PLW GHP (YDQJHOLXP ]X HUUHLFKHQGH 0HQVFK ZDKUVFKHLQOLFK LP *UHQ]JHELHW YRQ %XUPD XQG 7LEHW OHEH 'LHVH (UNOlUXQJ HQW] QGHWH 3DXOV HQRUPHV ,QWHUHVVH I U %ULWLVK 0DOD\D XQG GLH ZHLWHQ DQJUHQ]HQGHQ *HELHWH 3DXO YHUVXFKWH QXQ XQWHU DOOHQ 8PVWlQGHQ LQ GLH *HELHWH YRQ %ULWLVK 0DOD\D KLQ DXV]X]LHKHQ GLH QRFK QLHPDOV YRP (YDQJHOLXP EHU KUW ZRUGHQ ZDUHQ 6HLQ =LHO IRUPXOLHUWH HU PLW GHQ :RUWHQ GHV $SRVWHO 3DXOXV ª6R DEHU VHW]H LFK PHLQH (KUH GDUHLQ GDV (YDQJHOLXP ]X YHUN QGLJHQ QLFKW GD ZR &KULVWXV JHQDQQW ZRUGHQ LVW GDPLW LFK QLFKW DXI HLQHV DQGHUHQ *UXQG EDXH © 5|P 'LH 7DWVDFKH MHGRFK GDVV 3DXO ]X NHLQHU 0LV VLRQVJHVHOOVFKDIW JHK|UWH VFKDIIWH 6FKZLHULJNHLWHQ 'LH 5HJLHUXQJ ZROOWH LKP DOV XQDEKlQJLJHP 0LVVLRQDU NHLQH *HQHKPLJXQJ ]XP %HWUHWHQ GLHVHU *HELHWH HUWHLOHQ 'DQQ MHGRFK HUOHEWH HU GLH ) KUXQJ GHV +HUUQ GXUFK HLQHQ %ULHI GHV 'U -DIIUD\ 'HU IUDJWH DQ RE 3DXO VLFK YRUVWHOOHQ N|QQH YRP +HUUQ LQ HLQH QHXH $UEHLW JHOHLWHW ]X ZHUGHQ GLH HU 'U -DIIUD\ LQ %ULWLVK 0DOD\D ]X HQWZLFNHOQ KRIIH 'DPLW NRQQWH 3DXO )OHPLQJ ² XQWHU GHU /HLWXQJ YRQ 'U -DIIUD\ ² GLH XQHUUHLFKWHQ *HELHWH YRQ %ULWLVK 0DOD\D EHUHLVHQ 0HQVFKHQ ZXUGHQ JHZRQQHQ XQG EHNHKUWHQ VLFK XQG EDOG VFKRQ NRQQWH PLW HLQHU NOHLQHQ %LEHOVFKXOH EHJRQQHQ ZHUGHQ LQ GHU GLH QHXHQ *OlXELJHQ LP :RUW *RWWHV XQWHUULFKWHW XQG LQ GHQ SUDNWLVFKHQ =HXJHQGLHQVW PLW KLQHLQJHQRPPHQ ZXUGHQ
%HL HLQHU *HOHJHQKHLW QDKP 3DXO HLQLJH %LEHOVFK OHU PLW DQ GLH . VWH YRQ 6LQJDSXU 6LH YHUWHLOWHQ 7UDNWDWH XQG VSUDFKHQ 0HQVFKHQ DXI GHQ +HUUQ -HVXV DQ 'D HQWGHFN WH HU HLQH DOWH &KLQHVLQ GLH DQ GHU ODQJHQ .DLPDXHU KRFNWH ,KU +DDU ZDU YHUEOLFKHQ LKU *HVLFKW VFKPXW]LJ XQG YROOHU 3XVWHOQ ,KUH .OHLGXQJ ZDU ÁHFNLJ XQG ]HUULVVHQ 'LH PHLVWHQ LKUHU =lKQH IHKOWHQ RGHU ZDUHQ QXU QRFK GXQNOH =DKQVW PSIH 3DXO )OHPLQJ ZDU YRQ LKUHP $QEOLFN DEJHVWR HQ (U ZDQGWH VLFK DE $OV HU GLH 7UHSSH ]XU 6WUD H KLQDXIVWLHJ ZXUGH HU YRQ GHU (UNHQQWQLV EHUZlOWLJW GDVV GLHVH )UDX YRU GHU HU ÁRK HLQH 6HHOH KDWWH 6SlWHU VFKULHE HU 6HLW GHP 7DJ KDWWH LFK HLQHQ WLHIHQ (LQGUXFN GDYRQ GDVV *RWW QLFKW XP GLHVHQ DOWHQ ÁHLVFKOLFKHQ .|USHU EHVRUJW ZDU« (U LQWHUHVVLHUW VLFK I U GLH 6HHOH GHQQ VLH KDW HZLJHQ :HUW : UGHQ ZLU XQV GRFK GHQ :HUW HLQHU Y H U O R U H Q H Q 6HHOH EHZXVVW PDFKHQ .|QQWHQ ZLU GRFK WLHIHU LQ *RWWHV +HU] VHKHQ GDQQ Z UGHQ ZLU HUNHQQHQ ZRI U (U 6HLQ /HEHQ JDE :HQQ ZLU YRQ 6HLQHU /LHEH JHOHLWHW ZlUHQ Z UGHQ ZLU XQVHUH JDQ]H =HLW HLQVHW]HQ GDV ]X VXFKHQ ZDV HZLJHQ :HUW EHVLW]W ² GLH 6HHOHQ YRQ 0HQVFKHQ ª« XQG ZHU 6HHOHQ JHZLQQW LVW ZHLVH© 6SU %52:1 *2/' -XQL 6
,Q %ULWLVK 0DOD\D JDE HV EHU 6WlGWH PLW PHKU DOV (LQZRKQHUQ YRQ GHQHQ GLH PHLVWHQ QRFK NHLQ =HXJQLV GHU JXWHQ %RWVFKDIW KDWWHQ 8P P|JOLFKVW YLHOH 0HQ VFKHQ LQ P|JOLFKVW NXU]HU =HLW HUUHLFKHQ ]X N|QQHQ ZXUGH PLW =HOWHYDQJHOLVDWLRQHQ EHJRQQHQ 3DXO XQG &KHUULOO )OHPLQJ %LOO *ODFHU +HUU XQG )UDX 3DXO /HQQ XQG YLHU %LEHOVFK OHU DUEHLWHWHQ YRQ %HJLQQ DQ LQ GHU =HOWPLVVLRQ ]XVDPPHQ 3DXO )OHPLQJ EHVFKUHLEW GLH (UJHEQLVVH ª6HLW GHP %HJLQQ GHU =HOWPLVVLRQ LQ %ULWLVK 0DOD\D ZDQG WHQ VLFK *HVFKlIWVOHXWH 6FKXOOHKUHU 6WXGHQWHQ MXQJH 0HGL]LQHU .UDQNHQVFKZHV WHUQ YRP 5HJLHUXQJV .UDQNHQKDXV +LQGXV %XGGKLVWHQ XQG 0RKDPPHGDQHU 0HQ VFKHQ DXV DOOHQ /HEHQVEHUHLFKHQ &KULVWXV ]X 7DJ XQG 1DFKW VXFKHQ 0HQVFKHQ GHQ ZDKUHQ *RWW 6ROFKH 9HUDQVWDOWXQJHQ KDW HV ELV GDKLQ QRFK QLH LQ 0DOD\D JHJHEHQ $Q MHGHP $EHQG ÀQGHQ PHKU 0HQVFKHQ ]X &KULVWXV 'LH 9HUDQVWDOWXQJHQ JHKHQ YRQ 6WDGW ]X 6WDGW XQG ZHUGHQ MHZHLOV HLQHQ 0RQDW RGHU OlQJHU GXUFKJHI KUW 'LH PHLVWHQ 0HQVFKHQ KDEHQ GDV (YDQJHOLXP YRUKHU QLFKW JHK|UW (V LVW« GHÀQLWLY QDFKZHLVEDU GDVV GLH JUR HQ 6HJQXQJHQ *RWWHV IROJHQ ZHQQ ZLU 6HLQHP 0LVVLRQV EHIHKO JHKRUFKHQ XQG ELV DQ GLH (QGHQ GHU (UGH JHKHQ ZR 0HQVFKHQ QRFK QLHPDOV YRP :HJ GHU 5HWWXQJ JHK|UW KDEHQ ,FK JODXEH GDVV EHUDOO LP 2VWHQ YRQ 0DOD\D NOHLQH *HPHLQGHQ HQWVWHKHQ ZHUGHQ GLH GHQ :HJ GHV /HEHQV ZHLWHU DXVEUHLWHQ © 'DQQ PDFKWH 3DXO )OHPLQJ NRQNUHWH 3OlQH LQV ,QQHUH GHV /DQGHV ]X JHKHQ XQG GLH (YDQJHOLVDWLRQ GHU 6DNDL ]X EHJLQQHQ (V ZXUGH HLQ %RRW JHEDXW XQG HLQ 36 $X HQERUGPRWRU JHNDXIW $XI LKUHU HUVWHQ 5HLVH IXKUHQ VLH GHQ .RWD %KDUX )OXVV KLQDXI =ZHL &KLQHVHQ ZDUHQ GLH )OXVVI KUHU (LQHU EHGLHQWH GHQ $X HQERUGPRWRU XQG GHU DQGHUH EHVD 'VFKXQJHOHUIDKUXQJ
=XQlFKVW ZDU GHU )OXVV UXKLJ GRFK MH PHKU VLH VLFK GHP 2EHUODXI QlKHUWHQ GHVWR UHL HQGHU XQG JHIlKUOLFKHU ZXUGH HU 3DXO /HQQ EHVFKUHLEW HLQHQ 7HLO GLHVHU 5HLVH ª:LU IXKUHQ DP 5DQG HLQHV 6WUXGHOV YRUEHL XQG JHODQJWHQ LQ HLQH VFKPDOH 6WURP VFKQHOOH 'LH 6WU|PXQJ ZDU VR VWDUN GDVV YLHU YRQ XQV DXVVWHLJHQ XQG GDV %RRW GHQ )OXVVI KUHUQ EHUODVVHQ PXVVWHQ 'DV %RRW NDP ODQJVDP YRUDQ 'RFK SO|W]OLFK EOLHE HV PLWWHQ LQ GHU 6WURPVFKQHOOH VWHKHQ REJOHLFK GHU 36 0RWRU PLW YROOHU .UDIW DUEHLWHWH (LQHU GHU ) KUHU YHUVXFKWH GDV %RRW PLW HLQHU %DPEXVVWDQJH ]X VFKLHEHQ ZDV MHGRFK QLFKW JHODQJ 'LH 6WU|PXQJ GU FNWH GDV %RRW ]XU FN JHJHQ GHQ )HOVHQ DQ GHP ZLU ZDUWHWHQ :LU PDFKWHQ XQV EHUHLW HV ZHJ]XVFKLHEHQ GDPLW HV QLFKW JHJHQ GLH )HOVHQ VWLH 'DV %RRW NRQQWHQ ZLU UHWWHQ LFK MHGRFK UXWVFKWH LQV :DVVHU XQG ZXUGH DXI GHQ %RGHQ GHV 6WUXGHOV JHVRJHQ ,FK VWLH PLFK DE ZLH HLQ )URVFK DOV LFK GHQ 6DQGERGHQ HUUHLFKWH $OV LFK PLW PHLQHP .RSI ZLHGHU DXIWDXFKWH VDK LFK LQ GHU 1lKH HLQHQ %DXPZLSIHO XQG KLHOW PLFK GDUDQ IHVW 'DQQ VXFKWH LFK GHQ )HOVHQ DQ GHP ZLU JHVWDQGHQ KDWWHQ (QGOLFK HQWGHFNWH LFK LQ GHU )HUQH HWZDV GDV DXVVDK DOV Vl HQ GUHL 3\JPlHQ VWURPDXIZlUWV DXI HLQHP ZLQ]LJHQ )HOVHQ ,FK KDQJHOWH PLFK YRQ %DXP ]X %DXP YRUZlUWV ELV LFK GLH 5 FNVHLWH GHV )HOVHQV HUUHLFKW KDWWH ,FK VDJWH Ä+DOOR ¶ 'LH GUHL GUHKWHQ VLFK XP XQG VDKHQ PLFK DQ 6LH ZDUHQ ZLUNOLFK JHVFKRFNW XQG HV GDXHUWH HLQH =HLW ELV VLH UHDOLVLHUWHQ GDVV LFK QRFK DP /HEHQ ZDU 3DXO )OHPLQJ VDJWH Ä,FK ZDU PLU VLFKHU GX ZlUHVW YRQ XQV JHJDQJHQ · 'HU +HUU KDWWH PLFK DXV GHP :DVVHU JH]RJHQ ©
1 ÌiÀÊ`i Ê-> > ,P /DQGHVLQQHUHQ ZXUGH HV VFKZLHULJ .RQWDNW PLW GHQ 6DNDL ]X VFKOLH HQ ,Q LKUHQ /DJHUQ EUDQQWHQ ]ZDU GLH )HXHU DEHU ZHLW XQG EUHLW ZDU NHLQ 0HQVFK ]X VHKHQ /DJHU DXI /DJHU ZDU YHUODVVHQ (QGOLFK VDK GDV 7HDP ]ZHL 6DNDL QHEHQ HLQHU SUL PLWLYHQ 'VFKXQJHOK WWH VLW]HQ 3DXOV hEHUVHW]HU IUDJWH ZHVKDOE GHQQ QLHPDQG LQ GHQ DQGHUHQ /DJHUQ JHZHVHQ VHL 'LH %HLGHQ LQIRUPLHUWHQ LKQ GDVV %RWHQ YRQ GHU $QNXQIW ZHL HU /HXWH GLH GLH 6DNDL W|WHQ XQG HVVHQ Z UGHQ EHULFKWHW KlWWHQ 'HV KDOE VHLHQ DX HU GLHVHP DOWHQ 0DQQ XQG VHLQHP MXQJHQ %HJOHLWHU DOOH 6DNDL LQ GHQ 'VFKXQJHO JHÁRKHQ 6LH MHGRFK ZROOWHQ OLHEHU GXUFK GLH :HL HQ DOV GXUFK GLH ZLOGHQ 7LHUHQ GHV 'VFKXQJHOV VWHUEHQ 'XUFK VHLQHQ hEHUVHW]HU HUNOlUWH LKQHQ 3DXO ZHV KDOE VLH ZLUNOLFK JHNRPPHQ ZDUHQ 6R NDP GHU .RQWDNW ]XVWDQGH 'LH $UEHLW LP 6WDPP NRQQWH EHJLQQHQ 'DV 7HDP EDXWH VHLQH %DVLV LQ GHQ &DPHURQ %HUJHQ DXI 7LHI LP +HU]HQ GHV 'VFKXQJHOV ZXUGH LQ GHU 1lKH GHU 6DNDL HLQH 0LVVLRQVVWDWLRQ HUULFKWHW 3DXO EHULFK WHWH GDVV GDV (UJHEQLV GHU %RWVFKDIW GHV (YDQJHOLXPV HUVWDXQOLFK ZDU (V LVW XQEHVFKUHLEOLFK ]X VHKHQ ZLH GDV (YDQJHOLXP ZLUNW 'D ZDUHQ 0HQVFKHQ I U GLH &KULVWXV JHVWRUEHQ ZDU XQG VLH KXQJHUWHQ QDFK GHP (YDQJHOLXP ,PPHU ZLHGHU NDPHQ VLH XP PHKU ]X K|UHQ 9LHOH YRQ LKQHQ JODXEWHQ QDFKGHP VLH GLH *XWH 1DFKULFKW ]XP HUVWHQ 0DO JHK|UW KDWWHQ 6LH VFKLHQHQ UHLI ]X VHLQ I U
3$8/ )/(0,1* 0,7 (,1(0 -81*(1 0$/$,,6&+(1 (,1*(%25(1(1
GLH 5HWWXQJ $XIPHUNVDP K|UWHQ VLH ]X 6RJDU PLWWHQ LQ GHU 1DFKW ZXUGHQ ZLU DXV GHP 6FKODI DXIJHZHFNW ZHLO ZLU LKQHQ PHKU YRQ GLHVHP ZXQGHUEDUHQ -HVXV HU]lKOHQ VROOWHQ ª.|QQW LKU QLFKW ELV PRUJHQ ZDUWHQ"© IUDJWHQ ZLU VLH ª1HLQ GDV LVW ]X JXW XP ZDUWHQ ]X N|QQHQ© DQWZRUWHWHQ VLH 6R ZDU HV ZLUNOLFK ,UJHQGHWZDV ZDU LQ LKUHQ +HU]HQ JHVFKHKHQ 'DV /HEHQ KDWWH I U VLH HLQHQ 6LQQ EHNRPPHQ 0DQ EHUOH JH VLFK GDV 1LFKWV KDWWHQ VLH YRQ -HVXV XQG 6HLQHU ZXQGHUEDUHQ /LHEH JHZXVVW ,Q DOO GHQ -DKUHQ ZDUHQ VLH 0HQVFKHQ RKQH +RIIQXQJ LQ GLHVHU :HOW JHZHVHQ XQG GLHV ZDU QXQ GLH *XWH 1DFKULFKW -HVXV OLHEWH VLH :LH VFK|Q ZDU HV YRQ LK QHQ ]X K|UHQ ª:HQQ -HVXV XQV VR VHKU OLHEW GDVV (U I U XQV JHVWRUEHQ LVW GDQQ ZROOHQ ZLU JHZLVV DQ ,KQ JODXEHQ © %52:1 *2/' 0lU] 6
:LOOLDP 7XUQEXOO YRQ GHU &0$ VDJW GDVV 3DXO )OHPLQJ LQ GHQ GUHL -DKUHQ GLH HU LQ %ULWLVK 0DOD\D ZDU HWZD 6HHOHQ I U &KULVWXV JHZRQQHQ KDW YJO /DQFH YRQ 'DYH %UHHVH 6 $OV 3DXO )OHPLQJ YRQ GHU HUVWHQ 6DNDLEHHUGLJXQJ EHULFKWHWH ZDU VHLQ +HU] YRQ GHU 'ULQJOLFKNHLW VHLQHU $XIJDEH HUJULIIHQ (U VFKULHE 'LHVHU 0DQQ GHQ VLH GD EHHUGLJWHQ KDWWH QLHPDOV HLQH 0|JOLFKNHLW JHKDEW -HVXV &KULVWXV DQ]XQHKPHQ RGHU DE]XOHKQHQ 'LH YROOH (UNHQQWQLV GLHVHU 7DWVDFKH HUVFK WWHUWH PLFK« GDVVHOEH ZLGHUIlKUW 0LOOLRQHQ YRQ 0HQVFKHQ LQ GHU JDQ]HQ :HOW 'D ZHUGHQ 0HQVFKHQ LQ GLHVHQ 'VFKXQJHOQ JHERUHQ 6LH OHEHQ GRUW LKU JDQ]HV /HEHQ ODQJ XQG VWHUEHQ ² RKQH GLH 0|JOLFKNHLW YRQ -HVXV XQG 6HLQHU UHWWHQGHQ .UDIW ]X K|UHQ 'LH )HVWVWHOOXQJ ZDU VFKRFNLHUHQG ² HLQ FKULVWXVORVHV *UDE YRU PHLQHQ HLJHQHQ $XJHQ 8QG GDV ÀQGHW PDQ YLHO ]X RIW EHUDOO LQ GHU :HOW GD GLH %RWVFKDIW GHU 5HWWXQJ ]X VSlW NRPPW %52:1 *2/' 0lU] 6
3DXO XQG HLQLJH GHV 7HDPV EHVFKORVVHQ HLQH 5HLVH ]X HLQHU HQWIHUQWHQ 6DNDLQLHGHU ODVVXQJ ]X PDFKHQ 'HU JHZXQGHQH WURSLVFKH 3IDG ]XP 'RUI ZDU YROOHU 'RUQHQ XQG ,QVHNWHQ $OV $WKOHW JODXEWH 3DXO GHP +HUUQ HLQHQ VWDUNHQ .|USHU RSIHUQ ]X N|QQHQ 'UHL -DKUH 0DODULD KDWWHQ VHLQH .UDIW HUVFK|SIW DEHU HU PHLQWH LPPHU QRFK DXI GHP 'VFKXQJHOSIDG PLW GHQ %HVWHQ PLWKDOWHQ ]X N|QQHQ 'RFK GLHVHU 3IDG ZDU VFKOHFKWHU DOV HU HV VLFK YRUVWHOOHQ NRQQWH 6HLQ .|USHU ZDU ]HUNUDW]W XQG ]HUVFKXQGHQ %OXWHJHO VDXJWHQ VLFK DQ LKP IHVW (V VFKLHQ GDVV PDQ VLH QLFKW ORVZHUGHQ NRQQWH 6LH VDXJWHQ %OXW ELV VLH YROO GDYRQ ZD UHQ :HQQ HU YHUVXFKWH VLH KHUDXV]X]LHKHQ EOLHE LKU .RSI VWHFNHQ XQG HQWZLFNHOWH VFKZlUHQGH :XQGHQ 3DXO VDJWH HV JDE QXU HLQH 0|JOLFKNHLW VLH ORV]XZHUGHQ 0DQ PXVVWH VLH PLW HLQHU 6FKHUH LQ ]ZHL 7HLOH VFKQHLGHQ XQG VR LKUH $XIPHUNVDPNHLW WHLOHQ 6HLQH ) H ZDUHQ VR ZXQG GDVV HU QLFKW PHKU JHKHQ NRQQWH (U HUUHLFKWH GDV 6DNDL 'RUI NULHFKHQG DXI +lQGHQ XQG .QLHQ
,ØV i À (U ODJ HLQLJH 7DJH QXU LQ GHU +lQ JHPDWWH XP SK\VLVFK LQ GHU /DJH ]X VHLQ GHQ +HLPZHJ ]XU 0LVVLRQVVWDWLRQ ]X EHZlOWLJHQ $OV HU GRUW DQNDP JLQJ HV LKP QRFK YLHO VFKOHFKWHU 0DODULD HQWNUlIWHWH VHLQHQ .|USHU (V ZDU GHU VFKZHUVWH $QIDOO GHQ HU MH HUOLWWHQ KDW WH 'LH 6FKPHU]HQ ZDUHQ XQHUWUlJOLFK 'D]X KRKHV )LHEHU (U QDKP DOOH YRU KDQGHQHQ $QWL 0DODULD 0LWWHO GRFK VLH VFKLHQHQ QLFKW ]X KHOIHQ (U EHIDQG VLFK LQ HLQHP NULWLVFKHQ 6WDGLXP 6FKOLH OLFK NDP HLQ $U]W XQG RUGQHWH GLH VRIRUWLJH (LQOLHIHUXQJ LQ HLQ .UDQNHQKDXV DQ &KHUULOO EHWWHWH LKQ LQ LKUHQ DOWHQ )RUG 6R IXKUHQ VLH GLH 0HLOHQ GXUFK JH 3$8/ /(11 ELUJLJHV *HOlQGH DXI HLQHU VWHLOHQ XQG JHZXQGHQHQ 'VFKXQJHOVWUD H KLQDE ]XP 5HJLHUXQJV .UDQNHQKDXV (V VFKLHQ DOOHV KRIIQXQJVORV ]X VHLQ ,Q 3DXOV .UDQNHQ]LPPHU KLQJ HLQ 6SUXFK ª,Q DOOHQ 'LQJHQ VDJW 'DQN© :LH RIW KDW HU GRUW LQ VHLQHP %HWW GLHVHQ 6SUXFK JHOHVHQ $OV HU XQWHU GLHVHQ DXVVLFKWVORVHQ 8PVWlQGHQ GDU EHU QDFKGDFKWH IUDJWH HU VLFK ELWWHU ª:LH NDQQ LFK GDI U 'DQN VDJHQ" +DEH LFK QLFKW PHLQ /HEHQ KLQJHJHEHQ XP GLH 6WDPPHVOHXWH ]X HUUHLFKHQ" 1XQ VFKDX GLU DQ ZDV GHU +HUU ]XJHODVVHQ KDW 'LHVH .UDQNKHLW ZLUG PLFK XPEULQ JHQ ,FK KDWWH QLHPDOV HLQHQ EULOODQWHQ *HLVW GRFK ZHQLJVWHQV HLQHQ VWDUNHQ .|USHU 6LHK LKQ GLU MHW]W DQ 6DJH 'DQN GDI U" :LH XQYHUVWlQGOLFK YRQ *RWW © (U VFKORVV VHLQH $XJHQ 'RFK GLH :RUWH ZLHGHUKROWHQ VLFK LQ VHLQHP .RSI ª,Q DOOHQ 'LQJHQ VDJW 'DQN ,Q DOOHQ 'LQJHQ VDJW 'DQN © =XOHW]W JHZDQQ *RWW 3DXO VFKULHE *RWW ]HLJWH PLU GDVV (U PHLQHQ VWDUNHQ 5 FNHQ RGHU PHLQ VFKZDFKHV *HGlFKW QLV QLFKW EUDXFKWH (U EUDXFKWH OHGLJOLFK HLQHQ .DQDO GXUFK GHQ (U ZLUNHQ NRQQWH %52:1 *ROG 0DL 6
ª*RWW SOXV QLFKWV© ZXUGH YRQ GD DQ ]XP 0RWWR LQ 3DXO )OHPLQJV /HEHQ 'LH 'LDJQRVH GHV $U]WHV ODXWHWH GDVV 3DXOV .|USHU YRQ GHU $QWL 0DODULD 0HGL]LQ YHUJLIWHW ZDU (U VDJWH HV N|QQH QLFKWV I U LKQ JHWDQ ZHUGHQ 6LH HUZDUWHWHQ VHLQHQ 7RG XQG YHUVWlQGLJWHQ &KHUULOO XP LKQ LQ GLH 9HUHLQLJWHQ 6WDDWHQ ]X EULQJHQ (LQH KHIWLJH (QWWlXVFKXQJ EHPlFKWLJWH VLFK 3DXO (V EHUZlOWLJWH LKQ IHVW]XVWHOOHQ GDVV HU PLW VHLQHP 'LHQVW I U *RWW DXI HLQHP $EVWHOOJOHLV JHODQGHW ZDU 6HLQH +RII QXQJ GHQ ªOHW]WHQ 6WDPP© ]X HUUHLFKHQ ZDU ]HUVW|UW
3DXO ZXVVWH QLFKW GDVV GHU +HUU VHLQH VFKZHUH .UDQNKHLW GD]X EHQXW]WH GLH .XUV ULFKWXQJ VHLQHV /HEHQV ]X lQGHUQ
3$8/ 3$8/ -5 81' &+(55,// )/(0,1*
3$8/ 35(',*7 '$6 (9$1*(/,80 ,1 0$/$<$ '85&+ (,1(1 '2/0(76&+(5
ΰÊÊ iÕiÊ6 À>ÕÃÃiÌâÕ }i Ê Ã `Ê ÌÜi ` }Ê£ {£®
3DXO XQG &KHUULOO EUDFKWHQ HLQH JHZDOWLJH /DVW PLW QDFK +DXVH 'DV :LVVHQ XP GLH 9HUORUHQKHLW YRQ 0LOOLRQHQ GLH QRFK RKQH GDV (YDQJHOLXP OHEWHQ ZDU XQYHUJHVV OLFK XQG EHUZlOWLJWH VLH 2EJOHLFK 3DXO GXUFK VHLQH 0DODULDDWWDFNHQ LPPHU QRFK VHKU VFKZDFK ZDU QXW]WH HU MHGH *HOHJHQKHLW XP 0HQVFKHQ DXI]XUXIHQ GDV (YDQ JHOLXP ]X GHQ 6WlPPHQ ]X EULQJHQ
ÃÃ ÊÜ À`ÊÛiÀ Ø ` }Ì 3DXO KDWWH HLQHQ DXVJH]HLFKQHWHQ PP )DUEÀOP YRQ XQJHIlKU 0HWHUQ DXV EHU %ULWLVK 0DOD\D PLWJHEUDFKW 'LH )LOPH ]HLJWHQ GLH $UEHLW GDV /DQG XQG GLH 0HQVFKHQ XQG GHU +HUU EHQXW]WH VLH DOV HLQHQ .HLO XP GLH 7 UHQ ]X |IIQHQ *HPHLQGHQ .RQYHQWH 6FKXOHQ 6HPLQDUH XQG )UHL]HLWODJHU OXGHQ LKQ HLQ GLHVH )LO PH YRU]XI KUHQ ,Q HLQHU =HLW DOV PLVVLRQDULVFKH 7RQÀOPH QRFK XQEHNDQQW ZDUHQ HQWZLFNHOWH 3DXO HLQH 0|JOLFKNHLW GHQ )LOP PLW 0XVLN ]X XQWHUPDOHQ :lKUHQG GHU )LOP OLHI VD HU YRU ]ZHL 3ODWWHQVSLHOHUQ OLH DXI GHP HLQHQ HLQ 0XVLNVW FN DXVODXIHQ XQG ZHFKVHOWH GDQQ ]XP QlFKVWHQ 'LH 3ODWWHQ ]X VHLQHQ ) HQ KDWWH HU JHRUGQHW 2UJHOPXVLN )HUQ|VWOLFKH 0XVLN XVZ VRGDVV VLH ]X GHQ %LOGHUQ SDVVWHQ GLH DXI GHU /HLQZDQG DEOLHIHQ 3DXO EHGLHQWH GLH 3ODWWHQVSLHOHU ZlKUHQG HU EHU HLQ 0LNURSKRQ GHQ ODXIHQGHQ )LOP HUNOlUWH :lKUHQG HU XQHUP GOLFK NUHX] XQG TXHU GXUFK GLH 9HUHLQLJWHQ 6WDDWHQ UHLVWH ULHI HU HLQ]HOQH 3HUVRQHQ XQG *HPHLQGHQ ]XU 0LVVLRQ DXI 9LHOH +HU]HQ ZDUHQ WLHI EHZHJW XQG HQWVFKLHGHQ VLFK GHP 5XI LQ GLH 0LVVLRQ ]X IROJHQ