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6OB GFSUJMJ[BDJØO CJFO QSPHSBNBEB FT VOB EF MBT DMBWFT QBSB VOB CVFOB MBT SBÓDFT CPNCFBO B QMFOP SFOEJNJFOUP SFDJCF NVDIP TPM USBOTQJSB NVDIP QBSB DPNQFOTBS QPS UBOUP OFDFTJUBSÈ NVDIPT DPTFDIB &O FM BOUFSJPS OÞNFSP SFQBTBNPT MBT QSJODJQBMFT NBSDBT EF $VBOEP TF IBDFO NVDIPT SJFHPT IBZ RVF B×BEJS FM BCPOP NÈT EJTVFMUP EF GPSNB SJFHPT QBSB FWJUBS BDVNVMBDJPOFT EF TBMFT GFSUJMJ[BOUFT FO FTUB PDBTJØO WBNPT B USBUBS DPNP TF FNQMFBO RVF OP TF QSPEV[DBO BDVNVMBDJPOFT EF TF BCPOBSÈO DPO NFOPT DPODFOUSBDJØO EF
+ 4FBSDIFS
{2VÏ FOUFOEFNPT QPS DBMJEBE "OUF UPEP IBZ RVF QMBOUFBSTF MPT PCKFUJWPT QVFT OP FT MP NJTNP QSFUFOEFS TBDBS VO TBCPS FYRVJTJUP RVF VOB HSBO QSPEVDDJØO &O UPEP DBTP MB NBZPSÓB EF MPT DVMUJWBEPSFT CVTDB FTUF PCKFUJWP FM NÈT EJGÓDJM UPEBWÓB QPS MP RVF FM DSJUFSJP EF DBMJEBE NÈT TFHVJ EP TFSÓB TBDBS MB NÈYJNB QSPEVDDJØO TJO TBDSJGJDBS FM TBCPS &M BCPOBEP FYDFTJWP OP TPMP FTUSPQFB FM TBCPS PUSP QSPCMFNB FT RVF MBT GMPSFT TF DPOWJFSUFO DBTJ FO NBEFSB MPT DÈMJDFT TF BHJHBOUBO Z BQFMPUPOBO MPT DPHPMMPT GJOBMFT TPO EVSPT DPNP QJFESBT Z FO TV JOUFSJPS QSFTFOUBO UPOPT CMBORVFDJOPT &TUBT GMPSFT FTUÈO IJODIBEBT FT QVSP DVM UVSJTNP WFHFUBM 1BSB IBDFS VOB CVFOB GFSUJMJ[BDJØO MP QSJ NFSP FT FOUFOEFS VOB TFSJF EF GBDUPSFT EF GPSNB RVF QVFEBT TBDBS UVT QSPQJBT DPO DMVTJPOFT /P IBZ UBOUBT NPMÏDVMBT SFMB DJPOBEBT DPO MB OVUSJDJØO WFHFUBM FTQF DJBMNFOUF FO FM NVOEP EF MP RVÓNJDP QPS MP RVF MBT EJGFSFODJBT FOUSF VO DVMUJWP Z PUSP OP MBT TVFMFO NBSDBS MBT EJGFSFODJBT FOUSF MPT BCPOPT TJOP MB FGJDJFODJB FO MB GPUPTÓOUFTJT Z MB DBMJEBE EFM BHVB 5BOUP FO FM UFNB EF MB GPUPTÓOUFTJT DPNP FO FM EFM BHVB Z FM SJFHP ZB IFNPT JODJEJEP FO BOUFSJPSFT OÞNFSP UBN CJÏO MB FNQSFTB EF GFSUJMJ[BOUFT $BOOB MPT USBUB B GPOEP FO TVT TFNJOBSJPT QSVFCB EF RVF FT VO UFNB DMBWF QBSB VOB BMJNFOUBDJØO DPSSFDUB 4FHVJSFNPT EFEJDÈOEPMFT BSUÓDVMPT B GPOEP QVFT TPO UFNBT B USBUBS FO QSPGVOEJEBE &O UPEP DBTP TJFNQSF IBZ RVF IBDFS VOBT
QFRVF×BT SFGFSFODJBT QSFWJBT BM QSPDF TP QBSB QPEFS FYQMJDBS DPO DPIFSFODJB UPEP FM UFNB EF MB OVUSJDJØO WFHFUBM &M QSJODJQBM BMJNFOUP EF MBT QMBOUBT OP FT OJUSØHFOP GØTGPSP P QPUBTJP DVBOEP TF RVFNB VOB QMBOUB Z TF BOBMJ[BO TVT SFTUPT OP IBZ UBOUP EF FTUPT FMFNFOUPT -B BMJNFOUBDJØO CÈTJDB FT FM DBSCPOP RVF PCUJFOF FO MB GPUPTÓOUFTJT B QBSUJS EFM $0 QPS UBOUP QPEFNPT EFDJS RVF MB CPDB EF MBT QMBOUBT OP FTUÈ FO MBT SBÓ DFT DPNP QJFOTBO NVDIPT DVMUJWBEPSFT TJOP FO MBT IPKBT
-PT FTUPNBT &TUBT CPDBT EF MBT QMBOUBT TF EFOPNJOBO FTUPNBT TPO QFRVF×PT QPSPT TJUVBEPT FO MBT IPKBT QPS MP RVF MB QMBOUB QVFEF BCSJSMPT Z DFSSBSMPT "M FTUBS BCJFSUPT MPT FTUPNBT MBT IPKBT TVFMUBO WBQPS EF BHVB FTUB USBOTQJSBDJØO DSFBO VOB QSFTJØO OFHBUJWB QPS MP RVF FM BHVB TF BCTPSCF QPS MBT SBÓDFT 1BSB FYQMJDBSMP DPO VOB NFUÈGPSB DBOOÈCJDB MB DJSDVMB DJØO FT TFNFKBOUF B MB EF VO CPOH BM DIVQBS FM IVNP QPS BSSJCB MB QSFTJØO OFHBUJWB IBDF FOUSBS BJSF QPS BCBKP -PT FTUPNBT QFSNBOFDFO BCJFSUPT QPS FM EÓB Z TF DJFSSBO QPS MB OPDIF 4J IBDF NVDIP DBMPS MPT BCSFO QBSB BVNFOUBS MB USBOTQJSB DJØO Z SFGSJHFSBSTF 4J FM TVTUSBUP FTUÈ NVZ TFDP MPT DJFSSBO QBSB OP BDBCBS EFTIJESB UBEBT &M PCKFUJWP FT RVF VOB QMBOUB UFOHB BCVOEBODJB EF FTUPNBT Z TF NBOUFOHBO BCJFSUPT EF GPSNB RVF TF QSPEV[DB VOB DJSDVMBDJØO DPOUJOVB FO MBT IPSBT EJVS OBT 1BSB FMMP MBT DPOEJDJPOFT JEØOFBT TPO NVDIBT IPSBT EF TPM Z VO CVFO SJFHP -B
$VBOEP IBZ GSÓP Z IVNFEBE MB QMBOUB BCSF NFOPT TVT FTUPNBT USBOTQJSB NFOPT QPS UBOUP OFDFTJUB NFOPT SJFHP QVFT EF MP DPOUSBSJP MB QSFTJØO EF SBÓDFT FT NBZPS RVF MB USBOTQJSBDJØO DSFDFO QMBOUBT DPO CSPUFT IJODIBEPT EF UBMMPT EFNBTJBEPT KVHPTPT Z QSPQFOTBT B MBT FOGFSNFEBEFT
1SPEVDUPT NJMBHSP &TUP FYQMJDB QPSRVF VOB QMBOUB RVF SFDJCF NVDIB MV[ JOUFOTB QVFEF EBS HSBOEFT SFTVMUBEPT DPO QPDP GFSUJMJ[BOUF NJFOUSBT RVF PUSB DPO QPDB MV[ EJSFDUB EBSÈ NFOPT DPTFDIB Z EF QFPS DBMJEBE QPS NVDIP NFHBNBYJFTUJNVMBEPS RVF SFDJCB .VDIBT IPSBT EF QMFOP F JOUFOTP TPM Z VO SJFHP SFHVMBS DPO BHVB BEFDVBEB TPO GBDUPSFT NVZ JNQPSUBOUFT FO MB BMJNFOUB DJØO EF MB QMBOUB JNQPTJCMFT EF TVQMJS DPO BCPOBEPT " MB IPSB EF FMFHJS BCPOP IBZ RVF UFOFS FO DVFOUB RVF MPT NJMBHSPT OP FYJTUFO Z NFOPT EF GPSNB BDVNVMBUJWB QPS VTBS VO BCPOP RVF QSPNFUB EVQMJDBS MB QSPEVDDJØO KVOUP DPO VOB RVF QSPNFUB BVNFOUBSMB FO VO OP WBNPT B TBDBS VO NÈT OJ OBEB QBSFDJEP *ODMVTP QVFEF TFS NFOPS P EF QFPS DBMJEBE BM QSPEVDJSTF FO MB QMBOUB VOB JOUPYJDBDJØO QPS FYDFTP EF QPUBTJP $PNP ZB DPNFOUBNPT FM OÞNFSP EF NPMÏDVMBT FO RVF TF CBTB MB OVUSJDJØO WFHFUBM FT CBTUBOUF SFEVDJEP QPS MP RVF MB NBZPSÓB EF MBT GØSNVMBT EF GMPSBDJØO TF CBTBO FO NBDSPEPTJT EF QPUBTJP "QJMBSMBT FT DPNP CFCFSTF VOPT DPNCJOBEPT EF DB[BMMB HJOFCSB WPELB Z BHVBSEJFOUF
&M TVTUSBUP Z MB SBÓ[ 1PS TVQVFTUP QBSB BQMJDBS VOB CVFOB GFS UJMJ[BDJØO FT BCTPMVUBNFOUF OFDFTBSJP DPNQSFOEFS MP RVF PDVSSF FO MB SBÓ[ VOB WF[ DBQUBEB MB SFMFWBODJB EF MPT FTUPNBT %FTEF MB SBÓ[ TF CPNCFB FM BHVB DPO OVUSJFOUFT EJMVJEPT RVF JOUFSWJFOF FO MB GPUPTÓOUFTJT UBNCJÏO EFTEF MB SBÓ[ MB QMBO UB SFTQJSB Z DBQUB PYJHFOP -B SBÓ[ GVODJPOB QPS VO QSPDFTP EF PTNP TJT &T DPNP VOB NFNCSBOB BM EFUFDUBS RVF EFOUSP EF MB QMBOUB IBZ NÈT TBMFT RVF GVFSB EFKB QBTBS FM BHVB BM JOUFSJPS EF MB QMBOUB "M PCTFSWBS FTUF QSPDFTP TF QVFEF FOUFOEFS MB JNQPSUBODJB EF OP EFKBS RVF TF QSPEV[DB VOB BDVNVMBDJØO EF TBMFT FO FM TVTUSBUP ZB RVF TJ IBZ NÈT TBMFT GVFSB RVF EFOUSP MB QMBOUB QVFEF PQUBS QPS TBDBS FM BHVB IBDJB GVFSB QPS MP RVF NVFSF EFTIJESBUBEB QPS NVDIP BHVB RVF TF MF QSPQPSDJPOF
6O UFSSFOB ESFOBEP Z CJFO QSFQBSBEP NVDIP TPM Z CVFOPT SJFHPT
-BT BDVNVMBDJPOFT EF TBMFT TF TVFMFO QSP EVDJS QPS BHVBT EF NBMB DBMJEBE P TVT USBUPT EF NBMB DBMJEBE 5BNCJÏO IBZ RVF
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&M SJFHP "M SFHBS NFKPS IBDFSMP QPDP B QPDP DPO QBVTBT EF GPSNB RVF FM TVTUSBUP UFOHB UJFNQP EF BTJNJMBS FM BQPSUF EF GPSNB IPNPHÏOFB %F SFHBS SÈQJEP MB QSFTJØO IBDF RVF FM BHVB CVTRVF MBT WÓBT NÈT GÈDJ MFT EF TBMJEB MP RVF SFQFSDVUF FO RVF BUSB WJFTB FM TVTUSBUP EFKBOEP TFDBT BNQMJBT [POBT &M HPUB B HPUB FM SJFHP B NBOUB FM SJFHP B NBOP DPO MB DFCPMMFUB FO MB SFHB EFSB IBZ NVDIPT TJTUFNBT MP JNQPSUBOUF FT IBDFS MBT DPTBT DPO SFHVMBSJEBE Z NFEJ EB 4J VO TVTUSBUP IB RVFEBEP NVZ TFDP TF QVFEF SFIJESBUBS NFEJBOUF FM SJFHP JOGFSJPS EFKÈOEPMP FO VOB CBOEFKB MMFOB EF BHVB PUSB GPSNB FT SFHBS DPO BMHÞO QSPEVDUP RVF SPNQB MB UFOTJØO TVQFSGJDJBM EFM BHVB DPNP VOBT HPUBT EF KBCØO EF QPUBTB P MPT FYUSBDUPT EF ZVDB 0USP TJTUF NB FT BM QSJODJQJP QVMWFSJ[BS MB UJFSSB QBSB RVF TF IVNFEF[DB Z MVFHP SFHBS NVZ MFOUBNFOUF &M NFKPS TJTUFNB FT SFHBS DPO SFHVMBSJEBE Z OPSNBMJEBE QBSB OP UFOFS RVF SFDVSSJS B FTUBT TPMVDJPOFT EF VSHFO DJB FO QMBO CPDB B CPDB /J IVNBOPT OJ QMBOUBT QVFEFO UFOFS VOB WJEB TBOB Z OPSNBM FO UBMFT DPOEJDJPOFT
5SBOTQMBOUFT FTUJNVMBEPSFT EF SBÓ[ Z NJDPSSJ[BT )BZ RVF VTBS TVTUSBUPT MP NÈT ESFOBEPT QPTJCMFT EF GPSNB RVF MB SBÓ[ MP UFOHB TFO DJMMP QBSB EFTBSSPMMBSTF ZB RVF FTUB QMBOUB FT EF TJTUFNB SBEJDVMBS VO QPDP QFSF[PTP "EFNÈT VO TJTUFNB SBEJDVMBS QSPGVTP FO VO TVTUSBUP ESFOBEP FTUÈ DBQBDJUBEP QBSB DBQUBS NVDIP PYÓHFOP QPS MP RVF MB QMBO UB SFTQJSB Z WJWF NVDIP NFKPS -BT IPSNPOBT EF FOSBJ[BNJFOUP TF VUJMJ [BO QBSB FTUJNVMBS MB QSPEVDDJØO EF SBÓ[ FO FTRVFKFT VOB WF[ RVF FTUB SBÓ[ BQBSFDF MP RVF TF QBTB B VUJMJ[BS TPO MPT FTUJNVMB EPSFT EF SBÓ[ 4F SFDPNJFOEB VO NÓOJNP EF EPT USBOTQMBOUFT BOUFT EF QBTBS B MB QMBOUB BM DPOUFOFEPS EFGJOJUJWP &M PCKFUJ WP FT DPOTFHVJS NBYJNJ[BS MB NBTB SBEJ DVMBS MB CBTF EF VOB QMBOUB TBOB 1PS FTP TF BQMJDBSÈ FTUJNVMBEPS EF SBÓ[ EFTQVÏT EF
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-PT FTUJNVMBEPSFT B CBTF EF 1,
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6O CVFO TVTUSBUP WBSJPT USBOTQMBOUFT Z SJFHP BEFDVBEP TPO MPT QSJNFSPT GBDUP SFT EF JOGMVFODJB FO MB SBÓ[ &O TFHVOEP MVHBS FM VTP EF FTUJNVMBEPSFT EF MB SBÓ[ Z EF MB WJEB EFM TVFMP UBNCJÏO BZVEBO $PO FM DPOUSPM EF UPEBT FTUBT DVFTUJPOFT TF QVFEF DPOTFHVJS VO TJTUFNB SBEJDV MBS GPSNJEBCMF EF GPSNB RVF MBT QMBOUBT UFOHBO VOB CBTF FYDFMFOUF TPCSF MB RVF EFTBSSPMMBSTF
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