Fallas de València 2017

Page 1

BWi ]k Wi Z[

BWi ]k Wi Z[

<7BB7I :; L7BÊD9?7" F7JH?CED?E CKD:?7B



<7BB7I (&'- BWi ]k Wi Z[

6OBT GJFTUBT 1BUSJNPOJP EF MB )VNBOJEBE

B 'BMMBT EF 4FDDJÓO &TQFDJBM Z EFM "ZVOUBNJFOUP

B

-BT HVÎBT TPO QVCMJDBDJPOFT FMBCPSBEBT QPS FM EFQBSUBNFOUP EF 1VCMJDBDJPOFT OP %JBSJBT EF NJOVUPT %JSFDDJÓO 1BCMP 4FHBSSB %JTFÒP %BWJE 7FMBTDP $PPSEJOBDJÓO "OB .BSUÎOF[ $PMBCPSBEPSB .BSÎB 5FSFTB 4ÃODIF[ .BRVFUBDJÓO .BSUB EF MPT %PMPSFT )FOBS EF 1FESP .BOVFM 7JMMB Z (PO[BMP $IBDÓO 'PUP QPSUBEB &'&

4ÃUJSB FO MB &YQPTJDJÓO EFM /JOPU Z FM .VTFV 'BMMFS

B &OUSFWJTUB B +PBO 3JCÓ BMDBMEF EF 7BMÍODJB

B

'JFTUB FO MBT DBMMFT EF MB NBTDMFUÆ B MB JMVNJOBDJÓO

B 'BMMBT QPS EFOUSP BTÎ TF QSFQBSBO MPT NPOVNFOUPT

B

5SBEJDJPOFT CBOEBT EF NÙTJDB Z HBTUSPOPNÎB

B -B BHFOEB QBSB EJTGSVUBS EF MBT GJFTUBT GBMMFSBT

B

."3;0 %&

%JSFDUPS "STFOJP &TDPMBS

&%*5" .*/6504 &%*503" 4 - 1VCMJDJEBE )PSUFOTJB 'VFOUFT EJSFDUPSB HFOFSBM (BCSJFM (PO[ÃMF[ EJSFDUPS DPNFSDJBM .FSDÍ #PSBTUFSP EJSFDUPSB #BSDFMPOB Z 3PDÎP 0SUJ[ EJSFDUPSB "OEBMVDÎB $PPSEJOBDJÓO Z 5SÃGJDP 3BGBFM .BSUÎO .BSLFUJOH ¦MWBSP 'FSOÃOEF[ 7JMMB 0QFSBDJPOFT )ÊDUPS .BSÎB #FOJUP 5 * +VBOKP "MPOTP "ENJOJTUSBDJÓO -VJT 0ÒBUF .BESJE $POEFTB EF 7FOBEJUP .BESJE #BSDFMPOB 1MB[B 6OJWFSTJUBU #BSDFMPOB 7BMFODJB 9ÃUJWB 7BMFODJB "OEBMVDÎB 1MB[B EFM %VRVF 4FWJMMB 5FM 'BY NJOVUPTFEJUPSB! NJOVUPT FT *NQSJNF 3PUPDPCSIJ %FQÓTJUP -FHBM .


F7JH?CED?E :; B7 >KC7D?:7:

H;9EDE9?C?;DJE 7B I;DJ?H :; KD FK;8BE

-B DPNVOJEBE GBMMFSB MP NFSFDÑB -B GJFTUB EF MBT 'BMMBT FT NVDIP NÆT RVF MPT OJOPUT RVF MF EBO OPNCSF -BT 'BMMBT TPO EJÆMPHP 4PO DSFBUJWJEBE 4PO TÆUJSB 4PO USBEJDJÖO -BT 'BMMBT BEFNÆT EF TFS QBUSJNPOJP DVMUVSBM EFM QVF CMP WBMFODJBOP TPO ZB 1BUSJNP OJP *ONBUFSJBM EF MB )VNBOJEBE 1PS FTF NPUJWP MPT WBMFODJBOPT DPO TVT JOTUJUVDJPOFT QÜCMJDBT

'"--"4 -BT HVÎBT EF NJOVUPT

-B 6OFTDP EFTUBDB MB DSFBUJWJEBE DP MFDUJWB Z MB TBMWB HVBSEB EF MBT BS UFT Z BSUFTBOÑBT USBEJDJPOBMFT RVF QSPQJDJBO MBT 'B MMBT EF 7BMÐODJB

BM GSFOUF TF IBO DPOWFSUJEP FO HB SBOUFT EF QSFTFSWBS MPT FMFNFO UPT GVOEBNFOUBMFT EF VOB FYQSF TJÖO DVMUVSBM Z GFTUJWB RVF IB EFT QFSUBEP EFTEF TJFNQSF FM JOUFSÍT EF NFEJP NVOEP EFTEF NVDIP BOUFT RVF OBEJF QFOTBSB FO VO SF DPOPDJNJFOUP JOUFSOBDJPOBM RVF MP BWBMBSB 5SBT NBOJGFTUBS MB 6OFTDP FO MB OFDFTJEBE EF SFDPOPDFS MB jSFMFWBODJB EF MBT NBOJGFTUB DJPOFT Z FYQSFTJPOFT DVMUVSBMFT RVF IBTUB FOUPODFT OP UFOÑBO VO NBSDP KVSÑEJDP Z QSPHSBNÆUJDP RVF MBT QSPUFHJFSBx MB GJFTUB EF MBT 'BMMBT EF 7BMÐODJB QBSFDÑB DVN QMJS DPO MPT QSJODJQJPT RVF JOT QJSBCBO FTB $POWFODJÖO QBSB MB 4BMWBHVBSEJB EFM 1BUSJNPOJP $VM UVSBM *ONBUFSJBM $PO FM PCKFUJWP EF BDDFEFS B FT UF SFDPOPDJNJFOUP TF DPOGJHVSÖ FO VO FRVJQP EF USBCBKP NVM UJEJTDJQMJOBS RVF EFSJWÖ FO FM FY QFEJFOUF EFGJOJUJWP SFEBDUBEP QPS +PTFQ -MVÑT .BSÑO (JM .B OVFM )FSOÆOEF[ +BWJFS .P[BT Z +PTÍ .BSUÑOF[ CBKP MB DPPSEJOB DJÖO EF +PSHF .JHVFM (VBSSP -B FOUSFHB EF FTF EPDVNFOUP NBSDÖ FM JOJDJP EF VOB DBSSFSB RVF DVMNJOBSÑB FM QBTBEP EF OPWJFNCSF EF FO MB DJVEBE FUÑPQF EF "EÑT "CFCB -B 6OFTDP QSPDMBNBCB FTF EÑB MB JODMVTJÖO EF MBT 'BMMBT FO FM TFMFDUP HSVQP EF FYQSFTJPOFT DVMUVSBMFT RVF IB CÑBO EF HP[BS EF VOB QSPUFDDJÖO FTQFDJBM QPS QBSUF EF MB DPNVOJ EBE JOUFSOBDJPOBM 6/ 16&#-0 &/ 503/0 " 6/" '*&45"

$PNP VO IJKP RVF B NFEJEB RVF DSFDF WB NBEVSBOEP Z BERVJ SJFOEP OVFWBT IBCJMJEBEFT 7BMÐODJB IB WJTUP DÖNP FTQF DJBMNFOUF EFTEF QSJODJQJPT EFM 1"4" " 1¦(*/" 4*(6*&/5&



(&&)

FT FM BÒP FO RVF TF BQSVFCB MB $POWFO DJÓO QBSB MB 4BMWB HVBSEJB EFM 1BUSJNP OJP $VMUVSBM *ONBUFSJBM

/6&7"4 7±"4 %& $3&$*.*&/50 &M SFDPOPDJNJFOUP EF MB 6OFTDP TVQPOF VOB PQPSUVOJEBE QBSB NVDIPT EF MPT PGJDJPT RVF JOUFSWJFOFO FO MB GJFTUB RVF FTUVEJBO BIPSB OVFWBT FTUSBUFHJBT EF DSFDJNJFOUP NFKPSB Z DPOTPMJEBDJÓO EF TVT PGJDJPT

7*&/& %& 1¦(*/" "/5&3*03

TJHMP 99 MB GJFTUB EF MBT 'BMMBT IB JEP DPOGJHVSÆOEPTF Z FOSJ RVFDJÍOEPTF DVMUVSBMNFOUF HSB DJBT B MB JODPSQPSBDJÖO EF NÜMUJ QMFT FMFNFOUPT SFMBDJPOBEPT DPO TV DVMUVSB Z TV IJTUPSJB %FTEF MPT QSJNFSPT BSUFTBOPT RVF DVBOEP TVT SFTQFDUJWPT PGJ DJPT TF MP QFSNJUÑBO TF QPOÑBO B AIBDFS 'BMMB QPS QVSB WPDBDJÖO QBTBOEP QPS MPT QJSPUÍDOJDPT RVF WJFSPO FO MB QÖMWPSB VOB NBUF SJB QSJNB JEFBM QBSB IBDFS BSUF DPO FMMB Z QPOFSMP BM TFSWJDJP EF MB GJFTUB MB BQPSUBDJÖO EF NÜTJDPT ZB TFB BHSVQBEPT FO CBOEBT P FO QBSFKBT EF UBCBMFU Z EPMÌBJOB IBT UB MPT JOEVNFOUBSJTUBT RVF SFTDB UBSPO MBT DMBWFT EF MPT USBKFT EF 7BMÐODJB : FT RVF TJ BMHP DBSBDUF SJ[B B FTUB GJFTUB FT MB JOUFSBDDJÖO FM DPNQSPNJTP Z FM EJÆMPHP FO USF TVT BDUPSFT 6O EJÆMPHP RVF BEFNÆT TF IB USBOTNJUJEP EF HFOFSBDJÖO FO HFOFSBDJÖO -BT TBHBT FO MPT PGJ DJPT NÆT ÑOUJNBNFOUF SFMBDJP OBEPT DPO MB GJFTUB DPNP MPT BS UJTUBT GBMMFSPT Z MPT QJSPUÍDOJDPT

'"--"4 -BT HVÎBT EF NJOVUPT

WJFOFO B EFNPTUSBS RVF USBCBKBS QBSB MBT 'BMMBT FT NVDIP NÆT RVF VO PGJDJP FT VOB NBOFSB EF FOUFOEFS MB WJEB : VO DPNQSPNJTP BM RVF TF IBO TVNBEP OP TPMP MBT DPNJTJPOFT GB MMFSBT Z MBT BTPDJBDJPOFT HSFNJBMFT RVF DPOGJHVSBO FM UFKJEP BTPDJB UJWP EF MB GJFTUB TJOP UBNCJÍO NVMUJUVE EF JOTUJUVDJPOFT Z PS HBOJTNPT RVF IBO FODPOUSBEP FO FTUB FYQSFTJÖO DVMUVSBM VO NP UJWP QBSB QSPNPDJPOBS TVT FMF NFOUPT JEFOUJUBSJPT Z BTFOUBS TV SBJHBNCSF IJTUÖSJDB 3&1&3$64*¶/ &/ -" '*&45" &M SFDPOPDJNJFOUP EF MB 6OFTDP TVQPOF VOB HBSBOUÑB EF DBMJEBE BMHP RVF QSPQJDJBSÆ VO NBZPS JO UFSÍT QPS MB GJFTUB &TUP TF USBEVDJ SÆ QSFWJTJCMFNFOUF UBOUP FO VO JODSFNFOUP EFM OÜNFSP EF WJTJ UBOUFT DPNP FO MB QSPMJGFSBDJÖO EF OVFWPT FTUVEJPT EF MBT NBOJ GFTUBDJPOFT BOUSPQPMÖHJDBT DFO USBEPT FO MB GJFTUB KPTFGJOB 4F BCSF BTJNJTNP VO OVFWP BCB OJDP EF QPTJCJMJEBEFT QBSB MPT BD UPSFT RVF DPOGJHVSBO MB GJFTUB "S UJTUBT GBMMFSPT QJSPUÍDOJDPT JOEV NFOUBSJTUBTy WFO DÖNP TVT DSFBDJPOFT BERVJFSFO BIPSB VOB OVFWB EJNFOTJÖO DVMUVSBM MP RVF TVQPOF VOB PQPSUVOJEBE QBSB EJ TFÕBS OVFWBT FTUSBUFHJBT EF DSFDJ NJFOUP NFKPSBT Z DPOTPMJEBDJÖO EF TVT PGJDJPT "IPSB DPSSFTQPOEF BM QVFCMP DPOTFSWBS MPT FMFNFOUPT EF MB GJFT UB OFDFTBSJPT QBSB TFHÜO FM NBO EBUP EF MB 6OFTDP jHBSBOUJ[BS TV SFDSFBDJÖO Z USBOTNJTJÖO DPOUJ OVBTx "MHP RVF FO QBMBCSBT EF 1FSF 'VTFU DPODFKBM EF $VMUVSB 'FTUJWB Z QSFTJEFOUF EF +$' EF CF IBDFS RVF MPT WBMFODJBOPT Z WB MFODJBOBT UPNFO jDPODJFODJB EF NBOFSB FGFDUJWB EFM UFTPSP RVF UF OFNPT FM IPOPS EF QSFTFSWBSx ●



I;99?ÏD ;IF;9?7B

KD7 HKJ7 FEH B7 ;B?J; :; B7I <7BB7I %F MBT NÆT EF GBMMBT RVF TF QMBOUBO FO 7BMÐODJB FOUSF HSBO EFT F JOGBOUJMFT MBT EF MB DBUFHP SÑB EF &TQFDJBM TPO MBT NÆT DP OPDJEBT Z WJTJUBEBT QPS MPT UVSJT UBT 6O BÕP NÆT MPT BSUJTUBT GBMMFSPT NÆT QSFTUJHJPTPT IBO QVFTUP TVT QSPZFDUPT BM TFSWJDJP EF MBT DPNJTJPOFT RVF NÆT BQVFT UBO QPS MB GBDFUB BSUÑTUJDB Z NPOV NFOUBM EF MBT GJFTUBT Z RVF EFTUJ OBO QBSB TVT GBMMBT VOB JOWFSTJÖO EF FOUSF Z FVSPT &M QSJNFS Z EFTFBEP QSFNJP TP MP MP QPESÆ DPOTFHVJS VOB EF MBT EJF[ GBMMBT RVF FOUSBO FO DPODVS TP QFSP FM SFTVMUBEP EF MBT JODPO UBCMFT IPSBT EF USBCBKP WPDBDJÖO JOHFOJP Z DBMJEBE BSUÑTUJDB RVF IBZ EFUSÆT EF DBEB GBMMB QPESÆ TFS EJTGSVUBEP Z WBMPSBEP QPS MBT NJ MFT EF QFSTPOBT RVF MBT WJTJUBSÆO EFTEF FM EF NBS[P IBTUB MB /JU EF MB $SFNÉ $6#" -*5&3"5 ";03±/ &M BSUJTUB $BSMPT $BSTÑ TPSQSFOEJÖ FM QBTBEP BÕP BM NVOEP GBMMFSP BM DPOTFHVJS FO TV EFCVU FO 4FDDJÖO &TQFDJBM DPO MB 'BMMB $VCB -JUFSBU "[PSÑO FM QSJNFS QSFNJP EF TV IJTUPSJB FO FTUB DBUFHPSÑB -BT FYQFDUBUJWBT DSFBEBT TPO NVZ BMUBT Z $BSTÑ GJFM B MB MÑOFB EF TV UBMMFS IB DPOTUSVJEP VOB GB MMB DPO NVDIB DPNQPTJDJÖO Z VOB DVJEBEB JNBHFO j4F IB EBEP VOB

Z '"--"4 -BT HVÎBT EF NJOVUPT

"SUJTUBT DPOTPMJ EBEPT Z UBMFOUPT FNFSHFOUFT TF QP OFO BM GSFOUF EF MBT PODF GBMMBT RVF DPNQJUFO QPS EJF[ QSFNJPT FO MB NÆ YJNB DBUFHPSÑB

.+$&&&

FVSPT FT MB JOWFSTJÓO NÎOJNB FO MB 'FEFSB DJÓO &TQFDJBM RVF OP QVFEF TPCSFQBTBS MPT FVSPT

WVFMUB EF UVFSDB B MB FTUÍUJDB DPO VO NPEFMBEP NÆT SFOPWBEP Z VOB QJOUVSB DPO NÆT DPMPSJEPx FYQMJ DB FM BSUJTUB $BSTÑ *OTQJSBEB FO FM DVFOUP EF &M .B HP EF 0[ MB FYQSFTJÖO A0[yUJB MF NB EF MB GBMMB TF USBTMBEB BM ÆNCJ UP QPMÑUJDP DPUJEJBOP P NVOJDJQBM A0[yUJB RVF WJFOF 5SVNQ A0[ UJB RVF WJFOF MB TVFHSB TPO BMHVOBT EF MBT EJWFSUJEBT FTDFOBT TPCSF MBT RVF HJSB FTUB GBMMB

.0/&45*3 %& 10#-&5 "1"3*$*0 "-#*µ"/" &M BSUJTUB +VMJP

.POUFSSVCJP DPO QSJNFSPT QSFNJPT FO 4FDDJÖO &TQFDJBM SF HSFTB B NÆYJNB DBUFHPSÑB USBCB KBOEP QPS QSJNFSB WF[ DPO MB GB MMB -}"OUJHB EF $BNQBOBS &UFSOB TFEVDDJÖ FT FM MFNB EF FT UB GBMMB RVF UJFOF DPNP DVFSQP DFOUSBM VO DBCBMMFSP Z VOB EBNB EF NFUSPT EF BMUVSB FO DMBSB BD UJUVE EF GMJSUFP 4V IJMP BSHVNFO UBM JODMVZF PUSBT FTDFOBT RVF IB CMBO EF MB TFEVDDJÖO EFM 8IBUT"QQ Z MPT BEPMFTDFOUFT MB TFEVDDJÖO FO MB UFSDFSB FEBE FO FM A*O TFSYP P MB TFEVDDJÖO FOUSF MBT 'BMMBT Z MPT GBMMFSPT $PO TV DVÕP QFSTPOBM .POUFSSVCJP WVFMWF B DBVUJWBS BM QÜCMJDP DSFBOEP B TV WF[ VOB OVFWB TFEVDDJÖO FTUB WF[ IBDJB TV PCSB BSUÑTUJDB " $"%"340 $0.5& % "-5&" $PO MB SFOPWBDJÖO EF .BOVFM "MHBSSB


BM GSFOUF EF MB GBMMB EF " $BEBSTP $PNUF E "MUFB QPS QSJNFSB WF[ FO MB IJTUPSJB VO BSUJTUB Z VOB DPNJTJÖO EF MB 4FDDJÖO &TQFDJBM QMBOUBO MB GBMMB EF GPSNB JOJOUFSSVNQJEB EVSBOUF BÕPT &TUF BSUJTUB RVF EFKB QMBTNB EB FO TVT DSFBDJPOFT TV HSBO TFO TJCJMJEBE BSUÑTUJDB IB FTDFOJGJDB EP DPO -B .BMEJDJÖO EF .JEBT MB MFZFOEB EF FTUF SFZ DVZP EFTFP FSB DPOWFSUJS FO PSP UPEP MP RVF UPDBCB USBOTGPSNÆOEPTF FTUB BNCJDJÖO FO EFTEJDIB j&O MB BD UVBMJEBE BQBSFDFO NVDIPT SF ZFT .JEBT RVF UPEP MP RVF UPDBO TF DPOWJFSUFy OP QSFDJTBNFOUF FO PSPx DPNFOUB "MHBSSB /" +03%"/" $PNNF EJB FT FM MFNB RVF QSFTFOUB FM NPOVNFO UP HSBOEF EF /B +PSEB OB B DBSHP EFM BSUJTUB GBMMFSP "OUPOJP 1ÍSF[ .FOB 6OB HSBO DPNFEJBOUB DPO HFTUP CVSMFTDP DPN QBSUF QSPUBHPOJTNP FO FM DVFS QP DFOUSBM EF MB GBMMB DPO PUSP RVF WFTUJEP EF DFSEP MB NJSB EF SF PKP -B QSJNFSB GJHVSB NVFTUSB FOUSF TVT GBMEBT VO DPSSBM EF NJ UBE EFM TJHMP 97** RVF SJOEF IP NFOBKF BM QSJNFS UFBUSP EF OVFWB QMBOUB EF MB DJVEBE EF 7BMÐODJB FM EFTBQBSFDJEP $PSSBM EF M 0MJWF SB RVF TF FODPOUSBCB FO MB DBMMF $PNFEJBT -B TFHVOEB SFQSFTFO UB MB DPNFEJB NÆT WVMHBS Z CBSSP DB FO DPOUSBQPTJDJÖO B BRVFMMB EF MB EBNB RVF FT MB DPNFEJB NÆT JOUFMJHFOUF j1PTJCMFNFOUF QP ESÑBNPT DSFBS EPT JUJOFSBSJPT EJTUJOUPT B MB IPSB EF SFDPSSFS FTUB GBMMB 6OP TFSÆ FM EF MBT ADP NFEJBT JOUFMJHFOUFT QBSB JEJP UBT Z FM PUSP FM EF AMBT DPNFEJBT

1"4" " 1¦(*/" 4*(6*&/5&


Z '"--"4 -BT HVÃŽBT EF NJOVUPT


"µ04 %& )*4503*" 0SJHFO &O TF

DSFÓ MB 4FDDJÓO &TQF DJBM FO MBT 'BMMBT EF 7BMÍODJB 5SFT DPNJTJPOFT &M QSJNFS BÒP EF MB DBUFHPSÎB TPMP DPN QJUJFSPO #BSDBT %PO +VBO EF "VTUSJB 3FJ OB 1B[ Z 1MB[B EFM .FSDBEP 1SFNJP QF TFUBT GVF MB DVBOUÎB BTJHOBEB BM QSJNFS QSFNJP FO RVF SFDBZÓ FO #BSDBT %PO +VBO EF "VTUSJB DPO VOB GBMMB EF 3FHJ OP .BT -BT WFUFSBOBT /B +PSEBOB DPO QBS UJDJQBDJPOFT FO &TQF DJBM FT MB RVF NÃT WF DFT IB DPNQFUJEP FO FTUB DBUFHPSÎB QPS EFMBOUF EF $POWFOUP +FSVTBMÊO DPO PDBTJPOFT Z 1MB[B EFM 1JMBS DPO

7*&/& %& 1¦(*/" "/5&3*03

JEJPUBT QBSB JOUFMJHFOUFT x FYQMJ DB +PTÍ (BMMFHP JMVTUSBEPS EF FT UF QSPZFDUP 1-"¬" %&- 1*-"3 -B GBMMB EFM 1J MBS TF TJUÜB B MB DBCF[B FO FM SBOLJOH EF MB 4FDDJÖO &TQFDJBM BM IBCFS PCUFOJEP FO PDBTJPOFT FM QSJNFS QSFNJP FO FTUB DBUFHP SÑB &TUB DPNJTJÖO IB EFQPTJUBEP UPEB TV DPOGJBO[B FO VO BSUJTUB RVF EFCVUB FTUF BÕP FO 4FDDJÖO &TQFDJBM 'SBODJTDP 5PSSFT IB TJ EP FM BSUÑGJDF EF VO BNCJDJPTP QSP ZFDUP RVF IB DPOUBEP DPO MB DP MBCPSBDJÖO EF 3BGB #BSCFSÆ DPNP HVJPOJTUB 2VF MJ UBMMFO FM DBQ FT FM MFNB EF FTUB GBMMB RVF jOP EF KBSÆ UÑUFSF DPO DBCF[B TJFOEP VOP EF MPT HSBOEFT NPOVNFOUPT RVF NBSDBSÆO FTUBT GBMMBTx FYQMJDBO EFTEF MB +VOUB %JSFDUJWB EF FTUB GBMMB FNCMFNÆUJDB

$0/7&/5 %& +&364"-&. ."5&.©5*$ ."3;"- &TUB GBMMB

IB DPOGJBEP B 1FSF #BFOBT MB JMV TJÖO EF DPOWFSUJSTF FO MB NFKPS EF DPO VO QSFTVQVFTUP EF NÆT EF FVSPT j#PMMZXPPE IB TJEP DSFBEB QBSB HBOBS )FNPT IFDIP VOB GBMMB HSBOEJPTB NVZ USBCBKBEB NVZ DSÑUJDB Z EF HSBO SJ RVF[B BSUÑTUJDB 4VT FTDFOBT DSÑ UJDBT RVF IBZ NVDIBT FTUÆO FO WVFMUBT QPS FM EFDPSBEP Z MB PS OBNFOUBDJÖO QSPQJBT EF MB *OEJB MP RVF OPT IB EBEP NVDIP KVFHP QBSB USBCBKBS Z PGSFDFS EJGFSFOUFT SFMJFWFT KPZBT UFKJEPTyx BGJSNB FM BSUJTUB &M QSPZFDUP EF #BFOBT WFSTB TP CSF MB DBSB # EF MBT DPTBT %F MB NJTNB GPSNB RVF FO FM DJOF TP MP TF IBCMB EF )PMMZXPPE RVF EBOEP FO FM PMWJEP QPS FKFNQMP MBT HSBOEFT QSPEVDDJPOFT DJOF NBUPHSÆGJDBT EF MB *OEJB MB TPDJF EBE Z MB FDPOPNÑB UBNCJÍO UJF

OFO VO MBEP PTDVSP EJCVKBEP QPS FM BVUPS EFM QSPZFDUP DPO HSBO EFT EPTJT EF TÆUJSB F JOHFOJP j-B GBMMB WJFOF B EFOVODJBS FM PUSP TFOUJEP EF MBT DPTBT TF USBUB EF VOB GBMMB DSÑUJDBx DPODMVZF FM BSUJTUB #BFOBT 46&$" -*5&3"5 ";03±/ #BKP FM MFNB 1FS PO QBTTB BSSBTTB +B WJFS ©MWBSF[ 4BMB 4BMJOBT SFGMFKB UP EP BRVFMMP RVF TVDFEF FO MB WJEB TPDJBM QPMÑUJDB Z GBMMFSB RVF EFKB UPEP BSSBTBEP j&TQBÕB FT VO QB ÑT BSSBTBEP QPS MPT DBTPT EF DP SSVQDJÖOy Z MP RVF OPT RVFEB QPS DPOPDFSx DPNFOUB FM BSUJTUB RVF IB DPOUBEP DPO 3BNPO 1MB QBSB FM EJTFÕP 1BSB TJOUFUJ[BS FTUF FGFDUP EFWBTUBEPS MPT BVUPSFT IBO SFTDB UBEP MB GJHVSB EFM HSBO "UJMB Z TV DBCBMMP RVF TFHÜO MB MFZFOEB QPS EPOEF QBTBCB OP WPMWÑB B DSFDFS MB IJFSCB &O MPT CBKPT EF MB GBMMB TF QVFEFO WFS EJWFSTBT FTDFOBT RVF SFQSFTFOUBO GPSNBT EF ABSSBTBS y JODMVTP FO FM NVOEP EF MBT 'BMMBT EPOEF FM WFSFEJDUP EFM KVSBEP UBN CJÍO QVFEF BSSBTBS DPO MBT JMV TJPOFT EF UPEB VOB DPNJTJÖO

3&(/& %& 7"-°/$*"n%6$ %& $"-©#3*" 4FSHJP .VTPMFT RVF

SFQJUF QPS TFYUP BÕP DPOTFDVUJWP FO 3FHOF EF 7BMÐODJB IB EFEJ DBEP VOB GBMMB B MPT NFEJPT EF DP NVOJDBDJÖO 5JUVMBSFT DPNP 3B KPZ Z "MCFSU 3JWFSB DPODVSTBOUFT EF A'JSTU %BUFT 'FSSB[ OVFWB DB TB EF (SBO )FSNBOP P -BT SFJOBT NBHBT MF EFKBO DBSCÖO B 3JCÖ TPO BMHVOBT EF MBT FYDMVTJWBT JOGPSNB UJWBT RVF SFDSFB FTUF AGBMMÖO EJH OBT EF QBSBS DVBMRVJFS SPUBUJWP &9104*$*¶ .*44&3 ."4$¶ 6O BVUÍOUJDP EJTQBSBUF EF OPUJ DJBT Z BDPOUFDJNJFOUPT TPO DBSJ DBUVSJ[BEPT DPO HSBOEFT EPTJT EF IVNPS F JOHFOJP QPS FM BSUJT

1"4" " 1¦(*/" 4*(6*&/5&


7*&/& %& 1¦(*/" "/5&3*03

UB GBMMFSP 1BDP (JOFS RVF SFQJ UF QPS RVJOUP BÕP DPOTFDVUJWP FO &YQPTJDJÖo.JTTFS .BTDÖ $PO FM MFNB %JTQBSBUF MB GBMMB FTUÆ SF DSFBEB FO VO CVSEFM FO FM RVF TF DJFSSBO OFHPDJPT JNQPSUBO UFT &M FTQFDUBEPS FOUSF PUSBT FT DFOBT QPESÆ WFS VOB BOJNBEB DBCBMHBUB EFM 0SHVMMP (BZ RVF UJFOF DPNP BCBOEFSBEPT B EJD UBEPSFT RVF IB TVGSJEP &VSPQB B MP MBSHP EF TV IJTUPSJB DPNP "EPMG )JUMFS 'SBODP P 4UBMJO &O PUSB FTDFOB FM FYQSJNFS NJOJT USP CSJUÆOJDP%BWJE $BNFSPO IB DF CBMDPOOJOH JSPOJ[BOEP BTÑ TP CSF FM CSFYJU RVF QSPWPDÖ TV EJ NJTJÖO -B FYBMDBMEFTB EF 7BMÐODJB 3JUB #BSCFSÆ UBNCJÍO UJFOF VO QFRVFÕP IPNFOBKF FO FTUB GBMMB

'3&%&3*$ .*453"- .635"

6OB CBOEB EF NÜTJDB RVF UPDB B TV BJSF VO DPSP FO FM RVF DBEB VOP EF TVT JOUFHSBOUFT DBOUB B TV SJUNP Z TJO DPPSEJOBDJÖO VOB &- 03*(&/ %& WJPMPODIFMJTUB EFTQJTUBEB VO -04 13&.*04 EJSFDUPS UBSBEP BM RVF OBEJF MF IBDF DBTPy TPO BMHVOBT EF MBT &M QSJNFS BÒP FO RVF FTDFOBT RVF GPSNBO FM DVFSQP TF DPODFEJÓ VO QSJODJQBM EF FTUB GBMMB EF QSFNJP B VOB GBMMB GVF #FOJNBDMFU RVF EFCVUÖ FM BÕP FO Z QBSUJÓ EF MB QBTBEP FO 4FDDJÖO &TQFDJBM 1BSB JOJDJBUJWB QSJWBEB -B BGJBO[BSTF FO FTUB DBUFHPSÑB IBO QFÒB &M 'VN PUPSHÓ DPOUBEP DPO VO BVUÍOUJDP VO QFSHBNJOP WFUFSBOP FO FM TFDUPS FM BSUJTUB QJOUBEP B MB RVF &NJMJP .JSBMMFT RVJFO CBKP FM DPOTJEFSBSPO DPNP MB MFNB %POBOU MB OPUB IBDF VOB NFKPS EF FTF BÒP &O FOUSBÕBCMF TÆUJSB TPCSF BRVFMMBT FM "ZVOUBNJFOUP QFSTPOBT B MBT RVF MFT HVTUB EF 7BMÍODJB DSFÓ TVT EFTUBDBS EBOEP FO NVDIBT QSPQJPT QSFNJPT B MBT PDBTJPOFT MB OPUB BVORVF B WFDFT GBMMBT RVF QFSEVSBO SPDFO FM SJEÑDVMP FO MB BDUVBMJEBE

."-7" 304" n "/50/* 10/; $"7*5& j$PNP VOB IJTUPSJB

EF QJSBUBT WJMMBOPT BHJUBEPSFT TB RVFBEPSFT FNCBVDBEPSFT FO MB

Z '"--"4 -BT HVÎBT EF NJOVUPT

RVF BM GJOBM IBZ EF UPEP NFOPT CVFOPTx IB RVFSJEP SFGMFKBS "M CFSUP 3JWFSB DPO TV GBMMB " MB EFSJ WB MB TPDJFEBE BDUVBM FO RVF WJ WJNPT &M BVUPS EFM QSPZFDUP RVF EFCVUB FTUF BÕP FO 4FDDJÖO &TQF DJBM QPOF EF NBOJGJFTUP FO UPOP EF IVNPS MB JODFSUJEVNCSF B MB RVF TF FOGSFOUB MB QPMÑUJDB MB FDP OPNÑB Z MB TPDJFEBE j" MB EFSJWB WBNPT UPEPT OP IBDFNPT VOB B EFSFDIBT OJ B J[RVJFSEBT FT NVZ EJGÑDJM QPOFSMPT B UPEPT EF BDVFS EP Z DBEB EÑB FTUBNPT NÆT OFSWJP TPT IBZ NÆT UFOTJÖO {$VÆOEP DBNCJBSÆ FM DVFOUP $VBOEP UP EPT TF QPOHBO EF BDVFSEP IB HBO FTGVFS[PT QPS FOUFOEFSTFy 1FSP {EF RVÍ IBCMBSÑBNPT FO MBT SFEFT TPDJBMFT /P IPNCSF OP RVF TJHB FM KVFHP EF NBOEPCMFT B USPDIF Z NPDIFx


<7BB7 CKD?9?F7B

F7HJ?9?F7J?L7 O 9HËJ?97 DSFNÉ DVZPT BVUPSFT QSPNFUFO DPO jMMBNB Z TJO IVNPx j"RVFMMP RVF MBT USBCBT OP EFKBSPO IBDFS MPT GBMMFSPT IFNPT DPOTFHVJEP MF WBOUBSx FYQMJDB 1BDP 1FMMJDFS SFT &O MB DPONFNPSBDJÖO EFM BOJ QPOTBCMF EF MB JEFB PSJHJOBM Z EFM WFSTBSJP EF MB GBMMB EF MB 1MB[B EFM HVJPO EFM QSPZFDUP 0USPT BUSBDUJWPT RVF PGSFDF FT MB "ZVOUBNJFOUP TF IB BQPTUBEP QPS VOB BSRVJUFDUVSB RVF JSPOJ[B QPTJCJMJEBE EF BTJTUJS B TV QMBOUÉ TPCSF MPT QSPZFDUPT OP BDBCBEPT BM UPNCF BM NPEP USBEJDJPOBM Z FO MB DJVEBE EF 7BMÐODJB DPO VOB DPO MB BZVEB EF QFSTPOBT Z UPSSF RVF TVQFSB MPT NFUSPT MB DFMFCSBDJÖO EF EJWFSTPT FTQFD TJFOEP BTÑ MB NÆT BMUB EF MB IJTUP UÆDVMPT NVTJDBMFT OPDUVSOPT FO TV JOUFSJPS SJB GBMMFSB 1PS TV QBSUF CBKP FM MFNB %FTDP #BKP FM MFNB 7BMÐODJB $B MB 5SB WB .BOPMP (BSDÑB KVOUP B TV CSJS J SFEFTDPCSJS MB GBMMB JOGBO FRVJQP EF DPMBCPSBEPSFT GPSNB UJM PGSFDF VO WJBKF B USBWÍT EF MB EP QPS +VMJP .POUFSSVCJP .B GBOUBTÑB RVF BOJNB UBOUP B OJ OPMP "MHBSSB .BOPMP .BSUÑO +P ÕPT DPNP B BEVMUPT B EFTDVCSJS TÍ "HVJMBS Z FM HSVQP 'FU Z SFEFTDVCSJS FM NVOEP EF MB MJUF E &ODÉSSFD GPSNBEP QPS .BSJTB SBUVSB GBOUÆTUJDB j-B GBOUBTÑB FT TJOÖOJNP EF MJ 'BMDÖ Z 1BDP 1FMMJDFS SFQJUF QPS DVBSUP BÕP DPOTFDVUJWP FO MB GBMMB CFSUBE OPT QFSNJUF TPÕBS OPT PGSFDF VOB WÑB EF FTDBQF RVF OPT NVOJDJQBM 4F USBUB EF VOB TÆUJSB IVNPSÑTUJ BZVEB B WFS FM NVOEP EF VOB GPS DB TPCSF MPT PCTUÆDVMPT DPO MPT RVF NB NFOPT DVBESJDVMBEB Z FODB TF IB FOGSFOUBEP MB DJVEBE EFT TJMMBEBx FYQMJDB (JPWBOOJ /BS EF UJFNQPT JONFNPSJBMFT IBTUB MB EÑO BVUPS EF FTUF QSPZFDUP KVOUP BDUVBMJEBE JNQJEJFOEP RVF TF IB B "OOB 3VJ[ 1BSB SFGPS[BS FTUB JOJDJBUJWB MFD ZBO MMFWBEP B DBCP OVNFSPTBT PCSBT Z QSPZFDUPT 5PEPT FMMPT FT UPSB RVF JNQVMTB FM QSPZFDUP FM UÆO SFQSFTFOUBEPT QPS MB GBMMJEB UP $FOUSP EF *OOPWBDJÖO -BT /BWFT SSF EF UFMFDPNVOJDBDJPOFT EJTF MB 'VOEBDJÖO QPS FM -JCSP Z MB -FD ÕBEB QPS 4BOUJBHP $BMBUSBWB QBSB UVSB Z MB DPODFKBMÑB EF $VMUVSB 'FT MB $JVEBE EF MBT "SUFT Z MBT $JFO UJWB IBO DSFBEP MB XFC EFTDPCSJ DJBT RVF OVODB TF MMFWÖ B UÍSNJOP SSFEFTDPCSJS DPN FO MB DVBM TF IBO -B NBHJB EF MBT GBMMBT TJO FNCBS JEP EFTDVCSJFOEP MBT GJHVSBT RVF HP IB IFDIP QPTJCMF QPEFS SFDSFBS GPSNBO QBSUF EFM NPOVNFOUP GB FTUB UPSSF FO FM DPSB[ÖO EF MB DJV MMFSP Z RVF IBDFO SFGFSFODJB B EJ EBE QBSB MVFHP RVFNBSMB FO VOB WFSTPT MJCSPT KVWFOJMFT 1SPZFDUPT GBSBÖOJDPT FO FM PMWJEP Z MB GBOUBTÑB EF MB MFD UVSB QSPUBHPOJ[BO MB UFNÆUJ DB EF FTUF BÕP

/0 4*&.13& '6& .6/*$*1"- )BTUB FSBO DPNJTJPOFT QSJWBEBT MBT RVF QBUSPDJOBCBO FTUB GBMMB &TF BÒP QBTÓ B TFS NVOJDJQBM


;NFEI?9?ÏD :;B D?DEJ

B7I C;@EH;I <?=KH7I :; 97:7 <7BB7

.ÆT EF OJOPUT TF TPNFUFO B WPUB DJÖO QPQVMBS EF MPT GBMMFSPT QBSB TBMWBS TF EF MBT MMBNBT Z RVFEBS FYQVFTUPT QBSB TJFNQSF FO FM .VTFV 'BMMFS

Z '"--"4 -BT HVÎBT EF NJOVUPT

&M GVFHP QVSJGJDBEPS RVF SFEVDF B DFOJ[BT MBT GBMMBT EF 7BMÐODJB IBDF VOB FYDFQDJÖO DBEB BÕP Z TPO WBMFODJBOPT Z WJTJUBOUFT MPT RVF FMJHFO RVJÍOFT TPO MPT BGPS UVOBEPT &TB FT MB GJMPTPGÑB EF MB &YQPTJDJÖO EFM /JOPU RVF QPS TF HVOEP BÕP DPOTFDVUJWP TF DFMF CSB FO FM .VTFP EF MBT $JFODJBT EF MB DJVEBE -B GÖSNVMB FT NVZ TFODJMMB DB EB VOB EF MBT DPNJTJPOFT GB MMFSBT SFQBSUJEBT QPS MB DJVEBE EF 7BMÐODJB FMJHF EPT OJOPUT VOP EF MB GBMMB HSBOEF Z PUSP EF MB JO GBOUJM Z MP FYQPOF QBSB TFS TP NFUJEP B WPUBDJÖO QPQVMBS -BT GJ HVSBT HBOBEPSBT EF DBEB VOB EF MBT EPT DBUFHPSÑBT QBTBO B FOHSP TBS MPT GPOEPT EFM .VTFV 'BMMFS


)"45" &- %& ."3;0 &/ &- .64&0 %& -"4 $*&/$*"4 -B &YQPTJDJÓO EFM /JOPU QFSNBOFDFSÃ FO FM .VTFP EF MBT $JFODJBT IBTUB FM EF NBS[P -PT IPSBSJPT EF WJTJUB Z EF WPUBDJÓO TPO EF MVOFT B KVFWFT EF B IPSBT Z EF WJFSOFT B EPNJOHP EF B IPSBT &M QSFDJP FT EF FVSPT QBSB MB FOUSBEB HFOFSBM Z EF QBSB MB SFEVDJEB nOJÒPT QFSTPOBT DPO EJTDBQBDJEBE Z NBZPSFT EF BÒPTn

1FSP MB &YQPTJDJÖO EFM /JOPU FT NVDIP NÆT RVF VO DPODVSTP -PT DFSDB EF NFUSPT DVB ESBEPT RVF SFDPSSFO MB 4BMB "M RVFSÑBT NVFTUSBO MB WJTJÖO TBUÑ SJDB EF MPT BSUJTUBT GBMMFSPT EF MB TPDJFEBE BDUVBM VOB FTQFDJF EF WVFMUB EF UVFSDB B MB SFBMJEBE DPO VOB DPNCJOBDJÖO EF JSPOÑB DSÑ UJDB IVNPS Z BSUF 1PS FMMP FM WJTJUBOUF TF FODVFO USB BMMÑ DPO MBT SFQSFTFOUBDJPOFT EF FTDFOBT Z QFSTPOBKFT RVF IBO QSPUBHPOJ[BEP OVFTUSB BDUVBMJ EBE MPT ÜMUJNPT NFTFT %FTEF FM ÆNCJUP MPDBM DPNP QVFEF TFS MB UFNÆUJDB FNJOFOUFNFOUF GBMMFSB IBTUB FM FTDFOBSJP JOUFSOBDJPOBM DPO QSPUBHPOJTUBT FYUSBOKFSPT : FT RVF MB QSPQJB OBUVSBMF[B EF MB GJFTUB GBMMFSB USBEJDJPOBM NFOUF DSÑUJDB DPO FM QPEFS IB DF RVF FM NVOEP EF MB QPMÑUJDB TFB MB EJBOB QFSGFDUB EFM JOHFOJP EF MPT BSUJTUBT GBMMFSPT "TÑ FO FM ÆNCJUP NVOJDJQBM Z BVUPOÖNJDP TF DVFOUBO QPS EF DFOBT MPT OJOPUT RVF IBDFO SF GFSFODJB B 1FSF 'VTFU DPO DFKBM EF 'JFTUBT Z QSFTJEFO UF EF MB +VOUB $FOUSBM 'BMMFSB +$' DPNP UBN CJÍO MPT IBZ EFM QSPQJP BM DBMEF +PBO 3JCÖ FO WB SJBT PDBTJPOFT BDPNQBÕB EP EF TV JOTFQBSBCMF CJDJDMFUB 1PS TVQVFTUP OP QPEÑBO GBMUBS MBT BMVTJPOFT B MB AQBSFKB GPSNBEB QPS MPT QPMÑUJDPT 9JNP 1VJH Z .ÖOJ DB 0MUSB BTÑ DPNP SFGFSFO DJBT B DPOTFMMFST Z NJFNCSPT EFM HPCJFSOP EF MB $PNVOJ UBU 7BMFODJBOB " OJWFM OBDJPOBM TF MMFWBO MB QBMNB .BSJBOP 3BKPZ 1F ESP 4ÆODIF[ Z 1BCMP *HMFTJBT RVF DPOWJWFO DPO FTDFOBT SFGFSFOUFT B PUSPT ÆNCJUPT

DPNP FM EFQPSUF MB DVMUVSB Z PUSPT QFSTPOBKFT EF BDUVBMJEBE DPNP MB QSPQJB *TBCFM 1BOUPKB -B FTDFOB JOUFSOBDJPOBM RVF FO PUSPT BÕPT RVFEB FO VO SFMBUJWP TFHVOEP QMBOP FO FTUB PDBTJÖO DVFOUB DPO VOB EF MBT HSBOEFT FT USFMMBT EF MB &YQPTJDJÖO EFM /JOPU FM OVFWP QSFTJEFOUF EF MPT &TUB EPT 6OJEPT %POBME 5SVNQ VO WFSEBEFSP GJMÖO QBSB MB TÆUJSB 6/ 10$0 %& )*4503*" 1FSP {DVÆM FT FM PSJHFO EF MB BD UVBM &YQPTJDJÖO EFM /JOPU 4J TF FDIB MB WJTUB BUSÆT OPT FODPO USBNPT DPO VO QFSTPOBKF DMBWF 3FHJOP .BT BSUJTUB GBMMFSP Z VOB EF MBT GJHVSBT NÆT EFTUBDBEBT EF MB IJTUPSJB EF MBT 'BMMBT 'VF ÍM RVJFO FO VO DPODVSTP EF JEFBT PSHBOJ[BEP QPS FM "ZVOUBNJFOUP EF 7BMÐODJB FO SFDPHJÖ DPO TV USBCBKP &M JOEVMUP EFM GVFHP MB USBEJDJÖO FYJTUFOUF FOUSF BMHVOBT DPNJTJPOFT GBMMFSBT EF TBMWBS BM HVOPT OJOPUT EF MBT MMBNBT &TF NJTNP BÕP MB &YQPTJDJÖO EFM /J OPU TF JODPSQPSBCB B MPT BDUPT RVF DPOGPSNBSÑBO MB 4FNBOB 'BMMFSB RVF ZB FTUBCB PGJDJBMJ[BEB %FTEF FOUPODFT TV GJMPTPGÑB TF IB NBOUFOJEP DPO QPDBT GJTVSBT MPT ÜOJDPT DBNCJPT SFTFÕBCMFT IBO TJEP MPT EF VCJDBDJÖO FM .FS DBEP $FOUSBM Z MB -POKB FM .FSDBEP EF 3VTTBGB MB FYQMBOBEB EF /VFWP $FOUSP Z FM .VTFP EF MBT $JFODJBT EFTEF &M BÕP QBTBEP MPT PSHBOJ[BEPSFT EFDJEJFSPO USBTMBEBS MB NVFTUSB BM .VTFP EF MBT $JFODJBT DPO FM PCKFUJWP EF EBSMF VOB NBZPS SFMF WBODJB Z QSPZFDDJÖO EFOUSP EF MB GJFTUB BQVOUBOEP UBNCJÍO B VO OVFWP TFHNFOUP EF WJTJUBOUFT OP OFDFTBSJBNFOUF QSPDFEFO UFT EFM ÆNCJUP GBMMFSP


;B CKI;K <7BB;H

KD H;9EHH?:E FEH BEI D?DEJI ?D:KBJ7JI 2VJ[ÆT TFB FM NÆT EFNPDSÆUJ DP EF MPT NVTFPT EF MB DJVEBE ZB RVF TPO TVT WJTJUBOUFT MPT RVF EFDJEFO EF DBEB FMF NFOUPT FYQVFTUPT 7PUP B WPUP "TÑ TF WB OVUSJFOEP DBEB BÕP FM .VTFV 'BMMFS DPO MPT OJOPUT JOEVMUBUT oBRVFMMPT RVF TF TBMWBO EF MBT MMBNBTo FMFHJEPT QPS MPT WJTJUBOUFT EF MB &YQPTJDJÖO EFM /JOPU 1FSP MPT WJTJUBOUFT OP TP MP FODVFOUSBO FO ÍM GJHVSBT EF DF SB DBSUÖO QJFESB Z QPMJFTQÆO -PT GPOEPT EF FTUF FTQBDJP DVMUVSBM JODMVZFO MPT DBSUFMFT PGJDJBMFT EF MBT 'BMMBT EF DBEB BÕP BEFNÆT EF QJOUVSBT JOTJHOJBT GBMMFSBT Z EFT EF IBDF VOPT NFTFT IBTUB VOB TBMB EF FYQPTJDJPOFT UFNQPSBMFT

: FT RVF FM .VTFV 'BMMFS TF IB SFNPEFMBEP FTUF BÕP DPJODJEJFO EP DPO TV SFDPOPDJNJFOUP PGJDJBM DPNP NVTFP QBSB IBDFS EF ÍM jVO FTQBDJP WJWP EJOÆNJDP RVF MPT WJTJUBOUFT QVFEBO WFS VOB Z PUSB WF[ Z RVF FO DBEB PDBTJÖO MFT BQPSUF BMHP OVFWPx FYQMJDB TV EJ SFDUPS (JM .BOVFM )FSOÆOEF[ %F BIÑ RVF TF IBZBO QJOUBEP MBT TBMBT DPO DPMPSFT Z UPOPT NÆT BDPSEFT B MB MV[ Z MPT FMFNFOUPT FYQVFTUPT SFEJTUSJCVJEP FTQBDJPT Z IBTUB IBCJMJUBEP VOB TBMB QBSB FYQPTJDJPOFT UFNQPSBMFT &O FMMB MPT PSHBOJ[BEPSFT IBO BQPTUBEP QPS NPTUSBS PCSBT EF BSUJTUBT GB MMFSPT RVF UBNCJÍO BUSBJHBO B OVFWPT QÜCMJDPT Z BTÑ QPEFS MMF HBS B NÆT HFOUF

Z '"--"4 -BT HVÎBT EF NJOVUPT

"#*&350 50%04 -04 %±"4 %&- "µ0 &ODMBWBEP FO MB QMB[B .POUFPMJWFUF FM .VTFV 'BMMFS TF QVFEF WJTJUBS B EJBSJP FO IPSBSJP JOJOUFSSVNQJEP EF B IPSBT EPNJOHPT Z GFTUJWPT IBTUB MBT 4PMP DJFSSB FM Z EF FOFSP FM EF NBZP Z FM EF EJDJFNCSF


6O QBTFP QPS MPT BNQMJPT FTQB z4"#±"4 26& DJPT EFM .VTFV 'BMMFS TF DPOWJFS FM QSPNPUPS EF UF FTP TÑ FO VO SFQBTP IJTUÖSJDP EF MB FWPMVDJÖO EF MB GJFTUB GB JOEVMUBS VO OJOPU QPS WPUBDJÖO GVF MMFSB FO MB DJVEBE EF 7BMÐODJB j-PT OJOPUT JOEVMUBUT SFGMFKBO MB FM BSUJTUB 3FHJOP SFBMJEBE TPDJBM EF DBEB ÍQPDB MPT .BT FO BÕPT QPTUFSJPSFT B MB (VFSSB $JWJM FT FM ÜOJDP OPT NVFTUSBO FTDFOBT DPTUVN BÕP FO FM RVF TF CSJTUBT DPO FM CPPN EFM DJOF BQB SFDFO BDUPSFT Z BDUSJDFT QFSP JOEVMUBSPO EPT TJFNQSF DPO FM FMFNFOUP DPNÜO OJOPUT EF MB TÆUJSB Z MB DSÑUJDB BVORVF FO BMHVOB ÍQPDB UVWJFSBO RVF IB DFS WFSEBEFSPT FTGVFS[PT QBSB FT RVJWBS MB DFOTVSBx JOEJDB 7JDFO UB &YQÖTJUP JOTQFDUPSB DPPSEJOB EPSB EFM .VTFV 'BMMFS -B WPUBDJÖO QPQVMBS NVFTUSB FT QFDJBM QSFEJMFDDJÖO QPS MBT QFS TPOBT NBZPSFT o EF MPT OJOPUT JOEVMUBUT NVFTUSBO FTUF UJQP EF FTDFOBTo QFSP UBNCJÍO TPO SFDV

SSFOUFT MBT EF PGJDJPT USBEJDJPOBMFT Z QPS TVQVFTUP MPT OJÕPT Z OJÕBT WFTUJEPT DPO MB JOEVNFOUBSJB USB EJDJPOBM WBMFODJBOB .FODJÖO BQBSUF NFSFDF MB DPMFDDJÖO EF MPT DBSUFMFT BOVODJBEPSFT RVF IBO HB OBEP MPT DPODVSTPT BOVBMFT -PT GPOEPT EFM NVTFP TF DPN QMFUBO DPO VOB DPMFDDJÖO EF QJO UVSBT EF MBT 'BMMFSBT .BZPSFT MBT JOTJHOJBT EF MBT DPNJTJPOFT GBMMF SBT QBOFMFT FYQMJDBUJWPT Z VO BV EJPWJTVBM FO OVFWF JEJPNBT QBSB RVF MBT NÆT EF QFSTPOBT RVF WJTJUBO DBEB BÕP FTUF NVTFP FOUJFOEBO MBT DMBWFT EF MB GJFTUB 1PS DJFSUP UPEPT MPT MVOFT IBT UB FM EF NBZP TF SFBMJ[BO WJ TJUBT HVJBEBT JODMVJEBT FO FM QSF DJP EF MB FOUSBEB Z DVFOUBO DPO VOB DPOTJEFSBCMF BDUJWJEBE FO TVT QFSGJMFT EF SFEFT TPDJBMFT 'B DFCPPL *OTUBHSBN P 5XJUUFS ●


;DJH;L?IJ7 j)FNPT BDUJWBEP FM EJÆMPHP FOUSF GBMMFSPT Z WFDJOPT EF MPT CBSSJPTx %FTUBDB FM QBQFM EF MBT 'BMMBT DPNP jFMFNFOUP EF JOUFHSBDJÖO JNQPSUBO UÑTJNP FO MB DJVEBEx 1PS FTP +PBO 3JCÖ WJWF MB GJFTUB FO VOB EPCMF WFS UJFOUF MB JOTUJUVDJPOBM DPNP BMDBMEF Z MB QBSUJDVMBS FO DPNQBÕÑB EF MPT GBMMFSPT jMPT WFSEBEFSPT QSPUBHPOJT UBT EF MB GJFTUBx

+PBO 3JCÖ &M BMDBMEF EF 7BMÐODJB UJFOF FM SFUP EF MJEFSBS FM QBQFM JOTUJUVDJP OBM FO FM QSJNFS BÕP EF MBT 'BMMBT DPNP 1BUSJNPOJP EF MB 6OFTDP 1PS . 5 4¦/$)&;

TFSÃ VO BÒP IJTUÓSJDP QBSB MB 7BMÍODJB GBMMFSB QPSRVF DFMFCSB TVT QSJNFSBT 'BMMBT EFTEF TV SFDPOPDJ NJFOUP DPNP 1BUSJNPOJP *ONBUFSJBM EF MB )VNBOJEBE z2VÊ NFEJEBT TF IBO QSFWJTUP EFTEF FM "ZVOUBNJFO UP QBSB DPONFNPSBS FTUF SFDPOP DJNJFOUP NVOEJBM &O EJDJFNCSF BM DPOPDFS FM SFDP OPDJNJFOUP ZB IJDJNPT VOB HSBO DF MFCSBDJÖO FO MBT 1VFSUBT EF 4FSSBOPT DPO MB $SJEB B MB )VNBOJEBE EPOEF MBT GBMMFSBT NBZPSFT JOWJUBSPO B MB HFOUF EF UPEP FM NVOEP B WFOJS B DP OPDFS OVFTUSB GJFTUB &TUF BÕP DPOUJ OVBNPT BQPTUBOEP QPS MB QJSPUFD OJB EBOEP BQPZP B BDUPT QJSPUÍD OJDPT OPWFEPTPT DPNP FM EF MB /PDIF EFM &TQPMÑO P SFDVQFSBOEP PUSPT RVF TPO USBEJDJPOBMFT Z RVF TF FTUBCBO QFSEJFOEP -B NÜTJDB UBNCJÍO KVFHB VO QBQFM JNQPSUBO UF )FNPT BVNFOUBEP MBT BZVEBT B MBT DPNJTJPOFT QBSB MB DPOUSBUBDJÖO EF CBOEBT &M QMBO QBSB DPOWFSUJS

Z '"--"4 -BT HVÎBT EF NJOVUPT

MB $JVEBE 'BMMFSB FO VO EJTUSJUP DVM UVSBM P FM USBTMBEP EF MB &YQPTJDJÖO EFM /JOPU B VO NVTFP UBNCJÍO WBO FO FTUB MÑOFB EF QVFTUB FO WBMPS EF MB GJFTUB 6O FMFNFOUP EFTUBDBEP FTUF BÕP FT RVF TF IB JOJDJBEP VO QMBO EF SBDJPOBMJ[BDJÖO EF MBT DBSQBT RVF CVTDB NFKPSBS MB DPOWJWFODJB Z SF EVDJS DVBMRVJFS NPMFTUJB : TPCSF UP EP ZB TF FTUÆ QPOJFOEP FO NBSDIB MB $PNJTJÖO EF 4FHVJNJFOUP EF MBT 'BMMBT 1BUSJNPOJP EF MB )VNBOJEBE VO HSVQP EF USBCBKP RVF DPOUBSÆ DPO SFQSFTFOUBOUFT EF MPT QSJODJQBMFT BHFOUFT EF MB GJFTUB Z RVF UFOESÆ MB NJTJÖO EF WFMBS QPS MB CVFOB TBMVE Z MB DPOUJOVJEBE EF UPEPT MPT FMFNFO UPT QBUSJNPOJBMFT EF MBT 'BMMBT

z2VÊ SFTQPOTBCJMJEBEFT MMFWB JNQMÎ DJUB MB DPODFTJÓO EF FTUF UÎUVMP Z RVÊ SFQFSDVTJPOFT QVFEF UFOFS &M SFDPOPDJNJFOUP EF MB 6OFTDP FT VO NPUJWP QBSB CVTDBS MB FYDFMFODJB Z MB DBMJEBE FO OVFTUSB GJFTUB %FTEF FM "ZVOUBNJFOUP FTUBNPT JNQMF NFOUBOEP NFEJEBT QBSB QSPUFHFS Z QPOFS FO WBMPS UPEPT MPT FMFNFOUPT EF MBT 'BMMBT RVF TF IBO QBUSJNPOJB MJ[BEP &TP RVJFSF EFDJS UFOFS FO DVFOUB UPEPT BRVFMMPT FMFNFOUPT QB USJNPOJBMFT DBSBDUFSÑTUJDPT EF MB GJFT UB DPO UBM EF DPOTFSWBSMPT EF VOB NBOFSB HFOVJOB F JODMVTP SFDV QFSBS BRVFMMPT RVF TF IBO JEP QFS EJFOEP B MP MBSHP EFM UJFNQP "EF NÆT EF UPEP FTP IBZ VOB SFQFSDV TJÖO EJSFDUB TPCSF MB FDPOPNÑB MPDBM QPSRVF MBT 'BMMBT ZB TPO VO EJOB NJ[BEPS FDPOÖNJDP EF QSJNFS PS EFO QBSB OVFTUSB DJVEBE Z BIPSB BEFNÆT BVNFOUBSÆO MB DBQBDJEBE EF BUSBDDJÖO UVSÑTUJDB EF 7BMÐODJB

z2VÊ TF IB IFDIP QBSB NFKPSBS MB DPOWJWFODJB FOUSF GBMMFSPT Z WFDJOPT USBCBKBEPSFT EVSBOUF FTUPT EÎBT -P QSJNFSP RVF IFNPT IFDIP IB TJ EP BDUJWBS FM EJÆMPHP FOUSF MBT QBSUFT &OUSF MBT GBMMBT Z FM TFDUPS EF MB IPTUF MFSÑB Z FOUSF MBT GBMMBT Z FM QSPQJP


i26& &- 563*45" 7*7" -" '*&45" &/ -" $"--&w &O MB QSJNFSB WJTJUB EF VO UVSJTUB B MBT 'BMMBT 3JCÓ MF SFDPNFOEBSÎB iRVF WJWB DPO OBUVSBMJEBE MB GJFTUB FO MPT BDUPT QSPHSBNBEPT QFSP TPCSF UPEP AWJWJFOEP MB DBMMF 2VF WJTJUF MBT GBMMBT QFSP RVF IBCMF DPO GBMMFSPT Z GBMMFSBT RVF TF QPOHB FM CMVTÓO RVF DPNB VOPT CVFOPT CVÒVFMPT EF DBMBCB[B RVF TJHB EVSBOUF VOPT NFUSPT MB GJFTUB EF VOB DPNQBSTB RVF WJCSF DPO VOB NBTDMFUÆ FO MB QMB[B EFM "ZVOUBNJFOUP RVF WJWB MB 7BMÍODJB GBMMFSB FO UPEPT MPT TFOUJEPT UBM Z DPNP FTUF BÒP SFGMFKBNPT FO MPT DBSUFMFT EF GBMMBT RVF IB EJTFÒBEP MB DPODFKBMÎB EF $VMUVSB 'FTUJWBw

WFDJOEBSJP EF MPT CBSSJPT -B HFOUF DVBOEP IBCMB TF FOUJFOEF 5F QPO ESÍ VO FKFNQMP /P UFOÑB TFOUJEP RVF FM EF NBS[P NVDIBT GBMMBT JOTUBMB SBO MBT DBSQBT DVBOEP FTUBT OP TF VUJ MJ[BCBO IBTUB CBTUBOUFT EÑBT EFT QVÍT 1MBOUFBNPT MB QSPCMFNÆUJDB BCPSEBNPT QPTJCMFT BMUFSOBUJWBT Z GJOBMNFOUF FTDPHFNPT BRVFMMB RVF NÆT DPOWFODF B UPEPT MPT JNQMJDB EPT &O FM DBTP EF MBT DBSQBT QPS FKFNQMP SFUSBTBOEP TV DPMPDBDJÖO FO MBT DBMMFT *OUFOUBNPT NJOJNJ[BS MPT QSPCMFNBT EF DJSDVMBDJÖO %JDIP FTUP UBNCJÍO TF UJFOF RVF FYQMJDBS RVF MBT 'BMMBT TPO VOB GJFTUB RVF USBOTDVSSFO NBZPSJUBSJBNFOUF FO MB DBMMF Z RVF FTP GPSNB QBSUF EF MB JEJP TJODSBTJB GBMMFSB BVORVF DPOMMFWF NPMFTUJBT B MB IPSB EF DJSDVMBS 1PS UP EP FTUP BQPTUBNPT QPS FM EJÆMPHP

&M BÒP RVF WJFOF TF MMFWBSÃ B DBCP VO $POHSFTP 'BMMFSP QBSB EFCBUJS BT QFDUPT SFMBDJPOBEPT DPO MBT GJFTUBT z2VÊ DVFTUJPOFT EFM SFHMBNFOUP GB MMFSP QSFDJTBO EF VOB BDUVBMJ[BDJÓO $SFP RVF FM QSJODJQBM SFUP RVF UJFOFO QPS EFMBOUF MBT 'BMMBT FT FM EF DPO UJOVBS BEBQUÆOEPOPT B MPT OVFWPT UJFNQPT BCSJSTF DBNJOP FO VO NVO EP HMPCBMJ[BEP RVF OPT FNQVKB B UP EPT IBDJB MB IPNPHFOFJ[BDJÖO -BT 'BMMBT UJFOFO RVF DPODFCJS MB JOOP

WBDJÖO DPNP VOB BMJBEB TJO QFSEFS MPT FMFNFOUPT USBEJDJPOBMFT RVF MBT IBDFO ÜOJDBT $SFP RVF TF UJFOF RVF CVTDBS MB NBOFSB EF BCSJS NÆT MB GJFTUB IBDFSMB NÆT JODMVTJWB QBSB BTÑ HBSBOUJ[BS TV GVUVSP /P TÍ TJ UPEP FTP TF QVFEF DPOTFHVJS DPO VO DPO HSFTP FO DVBMRVJFS DBTP TF UJFOF RVF WBMPSBS Z UFOFS FO DPOTJEFSBDJÖO MBT EFDJTJPOFT EF MPT GBMMFSPT RVF TPO RVJFOFT IBDFO QPTJCMF MB GJFTUB JHVBM RVF EFTEF FM "ZVOUBNJFOUP UFOF NPT RVF QPOEFSBS FTUBT EFDJTJPOFT DPO FM JOUFSÍT HFOFSBM EFM DPOKVOUP EF MB DJVEBEBOÑB

-B GBMMB NVOJDJQBM IBDF SFGFSFODJB B BRVFMMPT QSPZFDUPT JOBDBCBEPT QPS DVMQB EF EJGFSFOUFT PCTUÃDVMPT z&TUÃ FM "ZVOUBNJFOUP JOUFOUBOEP IBDFS GSFOUF B BMHVOB EF MBT USBCBT TPCSF MBT RVF JSPOJ[B FTUB GBMMB )B IBCJEP QFSÑPEPT RVF ZB TPO QB TBEP Z BIPSB BGSPOUBNPT VO OVF WP UJFNQP -B GBMMB NVOJDJQBM FTUÆ DBSHBEB EF JSPOÑB Z TÆUJSB DPNP IB EF TFS " WFDFT NF QSFHVOUBO DÖNP NF UPNP FM IFDIP EF RVF VOB GBMMB IBHB VOB DBSJDBUVSB NÑBy Z NJSB IF EF SFDPOPDFS RVF NF SÑP NVDIP &M "ZVOUBNJFOUP FTUÆ SFEVDJFOEP EFVEB Z BVNFOUBOEP MBT JOWFSTJP OFT Z FTP OPT TBUJTGBDF &T OVFTUSB PCMJHBDJÖO


%FTEF MB EFTQFSUÉ IBTUB FM GJOBM EF DBEB WFSCFOB MBT 'BMMBT TF EJTGSVUBO NÆT FO DPNQBÕÑB ZB TFB FO VO DBTBM VOB DBSQB P FO BM HVOP EF MPT NÜMUJ QMFT FWFOUPT RVF BDPHF MB DJVEBE

-B JONFOTB NBZPSÑB EF MPT GFTUF KPT GBMMFSPT TF DFMFCSBO BM BJSF MJ CSF FO MBT QSPQJBT DBMMFT EF 7BMÐO DJB FOUSF QFUBSEPT GBMMFSPT NÜ TJDB UVSJTUBT WFDJOPTy -B DJVEBE TF DPOWJFSUF BTÑ FO VO FMFNFOUP JOUFHSBEPS FO FM RVF DPOWJWFO NVMUJUVE EF TFOTJCJMJEBEFT DVM UVSBMFT FO UPSOP B VOB NJTNB DF MFCSBDJÖO &O VO TJNQMF QBTFP FM WJTJUBOUF TF QVFEF FODPOUSBS DPO UPEP UJQP EF FWFOUPT RVF TF EFTBSSPMMBO EF NBOFSB TJNVMUÆOFB FO UPSOP B MPT DBTBMFT QFSP IBZ BMHVOPT RVF TF DPOWJFSUFO FO DJUB PCMJHBEB DP NP MB NBTDMFUÉ Z MPT GVFHPT

Z '"--"4 -BT HVÎBT EF NJOVUPT

C7I9B;JÈ

4& 53"5" %&- .¦4 7"-&/$*"/0 Z HFOVJOP EF MPT FTQFDUÆDVMPT EF GVFHPT BSUJGJDJBMFT Z FTUÆ DPOTJEF SBEP DPNP VO BSUF NBZPS EF MB QJ SPUFDOJB DPO MB QBSUJDVMBSJEBE EF TFS EJVSOP QPS MP RVF FM TPOJEP FT TV QSJODJQBM SB[ÖO EF TFS -B NBT DMFUÉ NÆT FNCMFNÆUJDB FT MB EF MB 1MB[B EFM "ZVOUBNJFOUP 4FHÜO .JLFM 1BHPMB EJSFDUPS EF QJ SPBSU DPN jTF USBUB EFM MVHBS JEÖ OFP QBSB FM EJTQBSP HSBDJBT B MB QSPQJB EJTQPTJDJÖO VSCBOÑTUJDB EF TV FOUPSOP RVF BSNPOJ[B QFSGFD UBNFOUF DPO MB FTUSVDUVSB EF VOB


1*305&$/*" %& %±" : %& /0$)& -PT FTQFDUÃDVMPT QJSPUÊDOJDPT RVF TF EFTBSSPMMBO EVSBOUF MBT 'BMMBT QSPWPDBO RVF VOB NJSBEB BM DJFMP DBTJ FO DVBMRVJFS NPNFOUP OPT EJSJKB B BMHÙO DPIFUF FO BTDFOTJÓO P MB FYQMPTJÓO EF BMHÙO QFUBSEP -BT NBTDMFUÆT QPS FM

<?;IJ7 ;D B7I 97BB;I

D7:?; FK;:; GK;:7HI; ;D 97I7 NBTDMFUÉ TJFOEP NÆT FTUSFDIB FO FM DPNJFO[P QBSB JS BCSJÍOEPTF B NFEJEB RVF TF BDFSDB BM GJOBMx 1BHPMB FYQMJDB RVF MB NBTDMFUÉ USBEJDJPOBM jDPOTUB EF VO JOJDJP BÍSFP RVF TVFMF UFOFS USFT QBSUFT QBSB EFTQVÍT MJHBS DPO MB NBTDMFUÉ EF DVFSEBT DPO DJODP SFUFODJPOFT P GBTFT RVF TF EJGFSFODJBO QPS TV QSPHSFTJWP BVNFOUP EF DBSHB Z QPUFODJB &TUF DVFSQP DFOUSBM UF SSFTUSF TF BDPNQBÕB UBNCJÍO EF GVFHP BÍSFP Z WB TVCJFOEP EF GVFS[B HSBEVBMNFOUF IBTUB MMFHBS BM GJOBM UFSSFTUSF MMBNBEP UFSSF NPUP RVF FT FM DMÑNBY EFM FTQFD UÆDVMP FOMB[BOEP B DPOUJOVBDJÖO

DPO FM CPNCBSEFP BÍSFP DPO FM RVF DVMNJOB MB NBTDMFUÉ $PNP DPMPGÖO DBEB WF[ TF VUJMJ[B NÆT MB SÜCSJDB RVF IB EF TFS DFSUFSB Z FT VO BÕBEJEP EJHJUBMJ[BEP DPO FM RVF TF QVFEF QPOFS VO GJOBM NÆT BSUÑTUJDP P QFSTPOBM BM EJTQBSPx

<K;=EI

-04 $"45*--04 %& '6&(04 "35*'* $*"-&4 DPOTUJUVZFO PUSP FWFOUP QJSPUÍDOJDP EF QSJNFS PSEFO FO FM RVF FM TPOJEP TF DPNQMFNFOUB DPO VO FTQFDUBDVMBS EFTQMJFHVF 1"4" " 1¦(*/" 4*(6*&/5&

EÎB CBTBO TV QPUFODJBM DBTJ FYDMVTJWBNFOUF FO FM TPOJEP NJFOUSBT RVF MPT DBTUJMMPT EF GVFHPT BSUJGJDJBMFT TF BQPZBO FO FMFNFOUPT WJTVBMFT Z QPS FMMP FODVFOUSBO B TV NFKPS BMJBEB FO MB PTDVSJEBE OPDUVSOB


z4"#±"4 26&

FO MB 0GSFOEB QBSUJDJQBO BMSFEFEPS EF GBMMFSPT 4VFDB -JUFSBUP "[PSÑO JOTUBMÖ FM BÕP QBTBEP NÆT EF VO NJMMÖO EF CPNCJMMBT

7*&/& %& 1¦(*/" "/5&3*03

EF MV[ Z FGFDUPT WJTVBMFT QBSB MP HSBS DPNQPTJDJPOFT BÍSFBT EF JN QBDUBOUF CFMMF[B -PT $BTUJMMPT EF 'BMMBT TF DF MFCSBO FO UPSOP BM 1BTFP EF MB "MB NFEB Z TVFMFO DPOHSFHBS B VO HSBO OÜNFSP EF QFSTPOBT QPS MP RVF TF BDPOTFKB MMFHBS DPO UJFNQP QBSB QPEFS EJTGSVUBS DÖNPEB NFOUF EFM FTQFDUÆDVMP -PT GVFHPT TF EJTQPOFO FO FM TVFMP EF GPSNB BMBSHBEB FO MP RVF TF EFOPNJOB GSFOUF EF EJTQBSP EFTEF EPOEF TF MBO[BO BM BJSF QB SB DSFBS VOB FOPSNF QBOUBMMB EF EJGFSFOUFT EJTFÕPT BÍSFPT BDPN QBÕBEPT EF TPOJEP -B DMBWF QBSB QPEFS BQSFDJBSMPT FO UPEB TV CFMMF[B TFHÜO .JLFM 1BHPMB FT jTJUVBSTF EF GPSNB RVF OVFTUSP QVOUP EF WJTUB RVFEF QFS QFOEJDVMBS B FTF GSFOUF EF EJTQB SP QVFTUP RVF BTÑ TF BQSFDJB DPO

Z '"--"4 -BT HVÎBT EF NJOVUPT

OJUJEF[ MB BTDFOTJÖO Z BQFSUVSB EF MPT EJWFSTPT FMFNFOUPT FOUSF TÑx .FODJÖO FTQFDJBM NFSFDF MB /JU EFM 'PD RVF TF DFMFCSB MB NBESV HBEB EFM BM EF NBS[P Z RVF DPOTJTUF FO FM EJTQBSP EF VO DBTUJ MMP EF GVFHPT BSUGJDJBMFT DPO VOB EVSBDJÖO JOUFOTJEBE F JNQPSUBO DJB TVQFSJPS B MB EF MPT EFNÆT EÑ BT 4F USBUB EF MB OPDIF NÆT JOUFO TB EF MBT 'BMMBT DPO NVMUJUVE EF WFSCFOBT SFQBSUJEBT QPS UPEB MB DJVEBE RVF FO NVDIPT DBTPT DVM NJOB DPO VO EFTBZVOP B CBTF EF CVÕVFMPT DPO DIPDPMBUFy QBSB EBS QBTP ZB BM EÑB EF 4BO +PTÍ

E<H;D:7

%63"/5& -04 %±"4 : EF NBS [P MBT DBMMFT EF 7BMÐODJB TF JOVO EBO EF GBMMFSPT Z GBMMFSBT RVF EFT GJMBO QPSUBOEP SBNPT DBOBTUJMMPT Z IBTUB QFRVFÕPT UFNQMFUFT GMPSB MFT &T MB 0GSFOEB EF 'MPSFT B MB


7JSHFO EF MPT %FTBNQBSBEPT &M BNCJFOUF FT BCTPMVUBNFOUF GFT UJWP TJFNQSF BDPNQBÕBEP EF CBOEBT EF NÜTJDB RVF FOUPOBO TPCSF UPEP MBT DPNQPTJDJPOFT NÆT MJHBEBT B MB GJFTUB DPNP &M 'BMMFSP EF 4FSSBOP Z 7BMFO DJB EF 1BEJMMB &M PSJHFO EF FTUB USBEJDJÖO QBSFDF FODPOUSBSTF FO FM BÕP DVBOEP VOBT DMB WBSJFTBT WFTUJEBT EF MBCSB EPSBT Z DVCJFSUBT DPO VOBT NBOUJMMBT EFQPTJUBSPO VOPT SBNPT EF GMPSFT FO MB RVF UP EBWÑB FSB MB $BQJMMB EF MB 7JS HFO EF MPT %FTBNQBSBEPT 5SBT TV PGJDJBMJ[BDJÖO FO QPS FM FOUPODFT QSFTJ EFOUF EF -B +VOUB $FOUSBM 'BMMFSB +$' -MVÑT .BSUÑ "MFHSF MB 0GSFOEB QBTÖ B GPSNBS QBSUF EF MB FTUSVDUV SB NJTNB EF MB GJFTUB GBMMF SB EF NBOFSB RVF DBEB BÕP TF BM[B FO MB QMB[B EF MB 7JSHFO VOB GJHVSB FO NBEFSB EF MB (FQFSVEF UB DVZPT NÆT EF NFUSPT EF BM UVSB RVFEBO WFTUJEPT DPO UPEBT MBT GMPSFT RVF WBO FOUSFHBOEP DB EB VOB EF MBT DPNJTJPOFT GB MMFSBT RVF QPS BMMÑ EFTGJMBO "TJNJTNP MPT NVSPT EF MB GBDIB EB EF MB #BTÑMJDB RVFEBO PDVMUPT CBKP VO JONFOTP UBQJ[ GMPSBM DPO GJHVSBOEP BTÑ VOB WJTUB EF MB QMB[B RVF BUSBF DBEB BÕP B NJMFT EF WJTJ UBOUFT JODMVTP VOB WF[ QBTBEB MB /JU EF MB $SFNÉ

-"4 $"#"-("5"4 0USB EF MBT NBOJGFTUBDJPOFT EFM DBSBDUFS TPDJBM EF MBT 'BMMBT MP DPOTUJUVZFO MBT DBCBMHBUBT &M BOUFSJPS EF NBS[P UVWP MVHBS MB $BCBMHBUB EFM /JOPU RVF DVMNJOÓ DPO VOB NBTDMFUÆ EF DPMPSFT 1PS PUSP MBEP FTUF BÒP SFQFUJSÃ MB $BCBMHBUB EFM 1BUSJNPOJP nEÎB B MBT IPSBTn RVF UVWP TV FEJDJÓO FM QBTBEP BÒP DPO NPUJWP EF MB 26& -"4 '"--"4 40/ 6/" '*&45" DBOEJEBUVSB EF MB 7*7" RVF TF WB FOSJRVFDJFOEP 6OFTDP -B ÙMUJNB QSPHSFTJWBNFOUF DPO FM QBTP EF TFSÃ MB $BCBMHBUB EFM MPT BÕPT FT BMHP RVF ZB IFNPT WJT 'VFHP nFM B MBT n VO EFTGJMF EF UP FO EJGFSFOUFT ÆNCJUPT 1VFT CJFO FM BVHF EFM $PODVS DPSSFGVFHPT DPNP TP $BMMFT *MVNJOBEBT RVF PSHBOJ QSFMVEJP EF MB DSFNÆ

?BKC?D79?ÏD

[B MB +$' FT VO CVFO FKFNQMP EF DÖNP VO BTQFDUP SFMBUJWBNFOUF NPEFSOP TF BDBCB DPOWJSUJFOEP FO QBSUF GVOEBNFOUBM EF MB GJFTUB "VORVF MB DPTUVNCSF EF JMVNJ OBS MBT DBMMFT EF MB DJVEBE EF 7BMÐODJB MPT EÑBT EF 'BMMBT OP TF QVFEF EFDJS RVF TFB SFDJFOUF TÑ MP FT MB DPNQFUJ UJWJEBE RVF IB TVSHJEP B NFEJEB RVF TF IB JEP BGJBO [BOEP FTUF DPODVSTP 4FHÜO SF[BO MBT CBTFT QV CMJDBEBT QPS MB +VOUB $FO USBM 'BMMFSB FM DFSUBNFO FT UÆ EJSJHJEP B jUPEBT BRVFMMBT DPNJTJPOFT EF GBMMB RVF JOT UBMFO BM NFOPT FO EPT DBMMFT EF TV EFNBSDBDJÖO QPSUB EBT BSDPT HVJSOBMEBT SÖUV MPT P DVBMRVJFS PUSP FMFNFO UP UFOEFOUF B MPHSBS VOB JMV NJOBDJÖO EFDPSBUJWB FO EJDIBT DBMMFTx -BT DPNJTJPOFT GBMMFSBT QVFEFO PQUBS QPS DPNQFUJS FO MB DBUFHP SÑB " QBSB QSFTVQVFTUPT TVQFSJP SFT B FVSPT P DBUFHPSÑB # TJ FM NPOUBOUF FDPOÖNJDP FT JOGF SJPS B FTB DJGSB 4JO EFKBS EF MBEP BQVFTUBT UBO JNQPSUBOUFT DPNP MB RVF WJFOF SFBMJ[BOEP MB 'BMMB .BMWBSSPTB 1PO[ $BWJUF TJO EVEB FM QVOUP EF SFGFSFODJB QBSB EJTGSVUBS EF MPT FT QFDUÆDVMPT EF JMVNJOBDJÖO FT FM CBSSJP EF 3V[BGB 'BMMBT DPNP 4VFDB -JUFSBU "[P SÑO $VCB -JUFSBU "[PSÑO P $VCB 1VFSUP 3JDP EFEJDBO HSBO QBSUF EF TV QSFTVQVFTUP B MB EFDPSBDJÖO MV NÑOJDB EF TVT DBMMFT Z EJTFÕBO DB EB BÕP TVT DFSFNPOJBT EF FODFO EJEP DPO QSPZFDUPT EF MV[ TPOJEP Z DPMPS FO DPOTPOBODJB FO NV DIBT PDBTJPOFT DPO MB UFNÆUJDB EF TVT GBMMBT DPO VOB FTQFDUBDVMBS QVFTUB FO FTDFOB RVF BUSBF B NJ MFT EF WJTJUBOUFT DBEB BÕP


B7I <7BB7I FEH :;DJHE

BEI 7IF;9JEI GK; 9ED<?=KH7D B7 <?;IJ7

%FTEF MB JOEVNFOUBSJB USB EJDJPOBM IBTUB VO GVUVSP NBSDBEP QPS MP EJHJUBM MBT 'BMMBT UJFOFO VO JOUSBNVOEP RVF NFSFDF MB QFOB DPOPDFS 4J FO BMHP QBSFDFO FTUBS EF BDVFS EP UPEPT MPT FYQFSUPT FT FO RVF MBT 'BMMBT TPO VOB GJFTUB WJWB RVF WBO BTJNJMBOEP OVFWPT FMFNFO UPT DPO FM QBTP EF MPT BÕPT 4JO FNCBSHP IBZ BMHVOPT PGJDJPT RVF DBEB VOP DPO TV QSPQJB FWPMVDJÖO TPO QBSUF FTFODJBM EF MB GJFTUB DP NP MPT BSUJTUBT GBMMFSPT MPT JOEV NFOUBSJTUBT Z MPT QJSPUÍDOJDPT 1FSP FM TJHMP 99* IB USBÑEP DPOTJ HP OVFWPT SFUPT -B TPDJFEBE IB DBNCJBEP Z BTQFDUPT DPNP MBT OVFWBT UFDOPMPHÑBT Z MB TPTUFOJ CJMJEBE TF FTUÆO BCSJFOEP QBTP DPOGJHVSBOEP BTÑ VOBT UFOEFO DJBT RVF B CVFO TFHVSP NBSDBSÆO FM GVUVSP EF MBT 'BMMBT

;b Whj_ijW \Wbb[he

4& 53"5" 26*;¦4 %&- 0'*$*0 103 FYDFMFODJB EF MBT 'BMMBT Z DPNP MB QSPQJB GJFTUB IB FWPMVDJPOBEP NV DIP DPO FM QBTP EF MBT EÍDBEBT &M PSJHFO EF FTUB QSPGFTJÖO FTUÆ FO UPSOP B MPT BÕPT Z EFM TJHMP 9*9 "ÜO OP TF QPEÑB IBCMBS EFM UÍS NJOP EF BSUJTUB GBMMFSP QPSRVF TVT QSPUBHPOJTUBT FSBO TPCSF UPEP BS UFTBOPT EF PGJDJPT QMÆTUJDPT DBSQJO UFSPT JNBHJOFSPT KVHVFUFSPT j1B SB FMMPT IBDFS GBMMBT TVQPOÑB VO DPNQMFNFOUP B TV BDUJWJEBE )B CMBNPT EF GJHVSBT DPNP 7JDFOU 4F OB +PTÍ 0MBSJB .BSJNÖO P FM FCB OJTUB /PHVFSBx BGJSNB *WÆO &TCSÑ MJDFODJBEP FO )JTUPSJB Z NJFNCSP EF MB "TPDJBDJÖO EF &TUVEJPT 'BMMF SPT "%&' %FTEF FOUPODFT Z IBTUB MB BDUVB MJEBE NVDIP IB DBNCJBEP FM QB OPSBNB j" GJOBMFT EFM TJHMP 9*9

Z '"--"4 -BT HVÎBT EF NJOVUPT


&TUP RVF IB TJEP VOB DPOTUBOUF TF JODPSQPSBO QSPGFTJPOBMFT EFM NVOEP EF MBT CFMMBT BSUFT EFTEF ZB EFTEF MPT BÕPT Z DPO MB TF FNQJF[B B IBCMBS EF ABV JSSVQDJÖO EF OVFWPT FTDFOBSJPT DP UPSFT EF GBMMB Z ZB FO MPT BÕPT TF NP FM DJOF P MPT QBSRVFT UFNÆUJDPT JOTUBVSB MB GJHVSB EFM BSUJTUB GBMMF TF IB DPOWFSUJEP FO VOB OFDFTJEBE B EÑB EF IPZ FO MB RVF MPT BSUJTUBT SPx JOEJDB &TCSÑ )PZ FO EÑB FYJTUFO VOPT QSP GBMMFSPT DBEB WF[ IBDFO NÆT USBCB GFTJPOBMFT FO FM TFDUPS DVZP OÜDMFP KPT SFMBDJPOBEPT DPO FM EJTFÕP HSÆ NÆT JNQPSUBOUF BMSFEFEPS EF GJDP EJCVKP JMVTUSBDJÖO FUD )BZ FYQFSUPT RVF JODMVTP IBCMBO FTUÆO BTPDJBEPT BM (SFNJP EF "S UJTUBT 'BMMFSPT EF 7BMÐODJB JNQVM EF VOB jUFSDFSB SFWPMVDJÖO JOEVT TBEP QPS QFSTPOBKFT EF MB UBMMB EF USJBMx FO MPT UBMMFSFT HSBDJBT B MB JO USPEVDDJÖO EF OVFWBT UFDOPMPHÑBT 3FHJOP .BT (SBO QBSUF EF FMMPT UJFOFO TVT UB DPNP MB SPCÖUJDB MBT JNQSFTPSBT MMFSFT FO MB $JVEBE EFM "SUJTUB 'B % Z FM TPGUXBSF EF EJTFÕP EJHJUBM &O FTUF BTQFDUP MMFSP TJUVBEB FO FM CBSSJP EF #FOJ DBMBQ EF 7BMÐODJB Z RVF FM BÕP QB EFTUBDB VOB OVFWB TBEP SFDJCJÖ MB .FEBMMB EF 0SP HFOFSBDJÖO EF BS EF MB DJVEBE QPS TVT BÕPT EF UJTUBT DPO VOB WJ FYJTUFODJB "MMÑ FTUÆ MB TFEF HSF TJÖO NVDIP NÆT NJBM Z FM .VTFP EFM "SUJTUB 'BMMF FNQSFTBSJBM EFM PGJ SP EPOEF TF QVFEF DPOPDFS EF DJP VO BCBOJDP EF NBOFSB NVZ EJEÆDUJDB MBT DMBWFT IBCJMJEBEFT NÆT FYUFOTP Z DPNP EFM PGJDJP Z TV FWPMVDJÖO &M .FTUSF .BKPS EFM (SFNJP +PTÍ DPOTFDVFODJB EF 3BNÖO &TQVJH FYQMJDB RVF jDPO FM FMMP VOB DBSUB EF USBOTDVSTP EF MPT BÕPT MB QSPGFTJÖO TFSWJDJPT NVDIP IB QBTBEP QPS TJUVBDJPOFT NVZ EF NÆT BNQMJB &OUSF FMMPT EFTUB TJHVBMFT FO GVODJÖO EF DBEB ÍQPDB IFNPT UFOJEP UJFNQPT EF FTQMFO DBO OPNCSFT DPNP $BSMPT $BSTÑ EPS Z UBNCJÍO EF DSJTJT &O MB BD 3JDBSE #BMBO[É .JHVFM ) *WÆO UVBMJEBE OPT FODPOUSBNPT FO QMF 5PSUBKBEB +VBO +FTÜT (BSDÑB 1Í OP QSPDFTP EF SFJOWFODJÖO QPSRVF SF[ 7JDFOUF %PNÑOHVF[ 1ÍSF[ P FDPOÖNJDBNFOUF IBCMBOEP IBDFS FM HSVQP $BQ EF 4VSP GPSNBEP QPS GBMMBT OP FT QBSB OBEB SFOUBCMFx "SJBEOB (PO[ÆMF[ Z 9BWJFS (VSSFB &TQVJH FTQFSB RVF FM SFDPOPDJ °TUF FYQMJDB RVF jIPZ FO EÑB FM NJFOUP EF MB 6OFTDP jTJSWB DPNP NFSDBEP PGSFDF OVFWBT PQPSUVOJ BDJDBUF QBSB RVF TF EÍ VO OVFWP EBEFT QBSB MPT BSUJTUBT GBMMFSPT EFT JNQVMTP BM TFDUPSx QBSB MP RVF SF EF UPEP MP SFMBDJPOBEP DPO FM EJ DMBNB jOVFWBT GÖSNVMBT EF NFSDB TFÕP Z MB JMVTUSBDJÖO QBTBOEP QPS EP Z VO NBZPS BQPZP EF MBT JOT MB QSPQJB FMBCPSBDJÖO EF NBRVFUBT Z OJOPUT QPS FODBSHP IBTUB FMFNFO UJUVDJPOFT QÜCMJDBTx %JWFSTJGJDBDJÖO &TF FT FM DPO UPT EF NFSDIBOEJTJOH TPCSF UPEP DFQUP EFM RVF QBSUFO MPT BSUJTUBT PSJFOUBEPT BM NVOEP JOGBOUJMx "TJNJTNP MB QVFTUB FO NBSDIB GBMMFSPT QBSB QPEFS FKFSDFS SFBM NFOUF EF FNQSFTBSJPT Z RVF MFT EFM $JDMP 'PSNBUJWP EF (SBEP 4V DVBESFO MPT OÜNFSPT BTFHVSBO QFSJPS EF "SUJTUB 'BMMFSP Z $POT EP BTÑ FM GVUVSP EF MB QBSUF NÆT BS UÑTUJDB EF MB GJFTUB 1"4" " 1¦(*/" 4*(6*&/5&

&70-6$*¶/ -PT DBNCJPT FO UÊDOJDBT Z NBUFSJBMFT BTÎ DPNP MB BQBSBDJÓO EF OVFWPT SFHJTUSPT BSUÎTUJDPT EBO DVFOUB EF MB FWPMVDJÓO DPOTUBOUF EFM USBCBKP EF MPT BSUJTUBT GBMMFSPT FO MB DSFBDJÓO EF MBT GBMMBT


7*&/& %& 1¦(*/" "/5&3*03

USVDDJÖO EF &TDFOPHSBGÑBT jTVQP OF VO HSBO BWBODF RVF QFSNJUJSÆ SFHVMBSJ[BS Z SFDPOPDFS FTUB QSP GFTJÖOx BGJSNB FM QSPGFTPS 1BDP 1FMMJDFS jZ BUSBF B OVFWPT QSPGF TJPOBMFT RVF FO NVDIPT DBTPT QSPWJFOFO EF PUSPT DBNQPT BS UÑTUJDPT DPNP FM EJTFÕP P MBT CFMMBT BSUFT RVF FODBKBO QFSGFDUBNFOUF DPO FTUF PGJDJPx

BW _dZkc[djWh_W 1"3" -04 '"--&304 MB JOEVNFO

UBSJB OP FT OJ NVDIP NFOPT VO UF NB NFOPS Z IB TJEP PCKFUP EF FT UVEJPT BOÆMJTJT EFCBUFT F JODMVTP DJFSUB DPOUSPWFSTJB 2VJ[ÆT TFHÜO 9BWJFS 3BVTFMM JO WFTUJHBEPS EF JOEVNFOUBSJB USB EJDJPOBM jMB DMBWF FTUÆ FO FM IF DIP EF RVF FM USBKF EF WBMFODJBOB IBZB TJEP VOP EF MPT ÜMUJNPT FMF NFOUPT FO JODPSQPSBSTF BM JNBHJ OBSJP GBMMFSP MP RVF IBDF RVF FT UFNPT IBCMBOEP EF VOB JOUFSQSFUB DJÖO EF VO FMFNFOUP IJTUÖSJDP &TUF IFDIP VOJEP BM QSPQJP FTQÑSJUV EF MBT GBMMBT RVF FT EJOÆNJDP Z SFOP WBEPS QPS OBUVSBMF[B IBDF RVF MB JOEVNFOUBSJB RVF QPSUBO NV

7"-°/$*" $*6%"% %& -" 4&%" -B TFEB FT FM UFKJEP RVF QSPUBHPOJ[B MB JOEVNFOUBSJB WBMFODJBOB BMHP RVF UJFOF NVDIP RVF WFS DPO MB JOEVTUSJB TFEFSB RVF EVSBOUF TJHMPT TF EFTBSSPMMÓ FO FM CBSSJP EF 7FMMVUFST EF 7BMÍODJB -B DJVEBE TF FODVFOUSB FODMBWBEB FO FM LJMÓNFUSP EF MB 3VUB EF MB 4FEB

Z '"--"4 -BT HVÎBT EF NJOVUPT

DIBT GBMMFSBT TFB VO USBKF EF SJ UVBM GFTUJWP RVF IB JEP FWPMVDJP OBOEP Z RVF QVFEF TFS UBO EJH OP DPNP DVBMRVJFS PUSPx 3BVTFMM FYQMJDB RVF MPT FMFNFO UPT RVF DPOGJHVSBO FM USBKF EF WB MFODJBOB RVF WJTUFO MBT GBMMFSBT TPO jFO MB QBSUF EF BSSJCB VO DVFSQP RVF QVFEF TFS EF NBOHB MBSHB EF NBOHB EF GBSPM P VOB DPUJMMB MB QBS UF JOGFSJPS DPOTUB EF VOB GBMEB EF UFKJEP GMPSBM DPO QBÕVFMP Z EFMBO UBM Z CPSEBEB DPO IJMP NFUÆMJDP EP SBEP TPCSF VOBT FOBHVBT &O DVBOUP BM QFJOBEP FM USBEJDJPOBM FT FM EF USFT NPÕPTx &O DVBOUP BM USBKF NBTDVMJOP VOB WF[ IB DBÑEP FO EFTVTP FM OFHSP RVF BQBSFDJÖ FO MBT EÍDBEBT EF MPT Z EFM TJHMP QBTBEP IBZ NÆT QP TJCJMJEBEFT FTUÆ FM EF TBSBHÞFMM FM UPSSFOUÑ DPSUP Z FM UPSSFOUÑ MBSHP "TÑ QVFT RVFEB DMBSP RVF FM USB KF EF WBMFODJBOB UBNCJÍO TF IB WJT UP TPNFUJEP B VOB FWPMVDJÖO B MP MBSHP EF MPT BÕPT &O FTUF TFOUJEP MB JOEVNFOUBSJTUB F JOWFTUJHBEP SB 7JDUPSJB -JDFSBT QJEF jDPIFSFO DJB B MB IPSB EF DPOGJHVSBS TVT FMF NFOUPT DBEB QFJOBEP EFCF JS BDPS EF DPO DBEB GBMEB Z DBEB BEPSOPx -JDFSBT EJGFSFODJB jEPT UJQPT EF USB KF FM RVF QPS FKFNQMP WJTUF MB 'B


MMFSB .BZPS FO FM EÑB EF MB FYBMUB DJÖO RVF TF DPNQVTP FO VO NP NFOUP IJTUÖSJDP DPODSFUP FTUÆ NVZ DPOTPMJEBEP Z OP IBZ QPS RVÍ DVFTUJPOBSMP Z FM USBKF BOUJHVP EF WBMFODJBOB RVF UJFOF VOB CBTF IJT UÖSJDB Z MMFWB TVT QSPQJPT DPNQMF NFOUPT EJGFSFODJBEPT EFM BOUFSJPS 1PS FTP IBZ RVF TFS SJHVSPTP Z OP NF[DMBS DPODFQUPTx %F BIÑ MB JNQPSUBODJB EF QPOFS TF FO NBOPT QSPGFTJPOBMFT 7JDUP SJB -JDFSBT BDMBSB RVF jVOB QFSTP OB RVF TF EFGJOB DPNP JOEVNFO UBSJTUB OP FT MB RVF DPTF Z EB DPOTFKPT TJO VOB CBTF DVMUVSBM TP CSF USBKFT EF GBMMFSB TJOP MB RVF TF EFEJDB BM FTUVEJP Z MB EJGVTJÖO EF MB JOEVNFOUBSJBx &O DVBOUP B MPT UFKJEPT TJO EV EB FT MB TFEB FM IJMP RVF JEFOUJGJ DB B MB JOEVNFOUBSJB WBMFODJBOB &O FTUF DBNQP MB NÆYJNB FYQSF TJÖO FT FM FTQPMÑO VO UFKJEP FMBCP SBEP EF GPSNB BSUFTBOBM FO UFMBS EF NBEFSB DVZB UÍDOJDB FT BVUÖDUP OB EF 7BMÐODJB j-B SJRVF[B Z MB WB SJFEBE EF MPT UFKJEPT FTQPMJOBEPT IBDFO RVF FTUB DJVEBE TFB FM QVO UP EF SFGFSFODJB FO FTUF ÆNCJUPx JOEJDB 7JDFOUF (FOPWÍT QSFTJEFO UF EFM $PMFHJP EFM "SUF .BZPS EF MB 4FEB EF 7BMÐODJB

F_hej[Yd_W

10$04 16&#-04 -& )"/ %"%0 6/ VTP UBO BSUÑTUJDP B MB QÖMWPSB DP NP MP IB IFDIP FM WBMFODJBOP &TB FT MB SB[ÖO EF RVF NVDIBT EF MBT FNQSFTBT QVOUFSBT B OJWFM NVO EJBM FO NBUFSJB QJSPUÍDOJDB TFBO WBMFODJBOBT %FTEF RVF B GJOBMFT EFM TJHMP 9*9 FNFSHJFSBO GJHVSBT RVF IBSÑBO EF MB QÖMWPSB VO BSUF DP NP 7JDFOUF $BCBMMFS Z -VJT #SVO DIÜ SFTVMUB EJGÑDJM EJTPDJBS FM PGJDJP EF QJSPUÍDOJDP EF MB GJFTUB EF MBT 'B MMBT : FTP RVF TFHÜO +PTFQ 7JDFOU 'SFDIJOB JOWFTUJHBEPS FO DVMUVSB QPQVMBS jFM NBSJEBKF EFGJOJUJWP FO USF 'BMMBT Z QJSPUFDOJB OP TF QSPEV DF IBTUB FM TJHMP 99 DVBOEP FTUB GJFTUB ZB TF IB DPOWFSUJEP FO BMHP DPOTPMJEBEP FO 7BMÐODJBx -BT QSJNFSBT OPUJDJBT EF VTPT QJSPUÍDOJDPT FO 'BMMBT OP FSBO NÆT RVF FM QSPQJP NFDBOJTNP QBSB FO DFOEFS MPT OJOPUT FO MB DSFNÉ NJFOUSBT RVF ZB FO FM QSJNFS UFSDJP EFM TJHMP 99 TF EJTQBSBCBO USFT P DVBUSP NBTDMFUÆT PGJDJBMFT FO MB 1MB [B EFM "ZVOUBNJFOUP $PO FM QBTP EF MPT BÕPT FTUPT FTQFDUÆDVMPT TF 1"4" " 1¦(*/" 4*(6*&/5&

z4"#±"4 26&

VO NFUSP EF FTQPMÑO DVFTUB EF NFEJB FOUSF Z FVSPT FM IPNFOBKF B 1FQJUB 4BNQFS FO GVF FM QSJNFS BDUP PGJDJBM FO RVF VOB NVKFS TF WJTUJÖ DPO FM USBKF EF WBMFODJBOB QBSB MB GJFTUB GBMMFSB


'$+&&

LJMPT EF QÓMWPSB TF VUJMJ[BSPO QBSB MB /JU EFM 'PD FO RVF DPSSJÓ B DBSHP EF MB QJSPUFDOJB WBMFODJB OB &VSPQMB

7*&/& %& 1¦(*/" "/5&3*03

IBO JEP FOSJRVFDJFOEP IBTUB MMFHBS B MB TJUVBDJÖO BDUVBM FO MB RVF FM NVOEP EJHJUBM IB EFTFNCBSDBEP EFGJOJUJWBNFOUF FO MPT EJTQBSPT 1FSP MB QJSPUFDOJB UBNCJÍO FTUÆ FO MBT DBMMFT &M VTP EPNÍTUJDP EF MPT QFUBSEPT FT BMHP JOUSÑOTFDP B MB GJFTUB GBMMFSB EF BIÑ RVF FM QSF TJEFOUF EF 1JSPWBM "TPDJBDJÖO EF 'BCSJDBOUFT 1JSPUÍDOJDPT EF MB $P NVOJUBU 7BMFODJBOB (VJMMFSNP 3PESÑHVF[ #SPODIÜ IBHB VO MMB NBNJFOUP B MB QSVEFODJB Z SFDBM RVF jMB JNQPSUBODJB EF NJSBS FM FUJ RVFUBEP EF MPT QFUBSEPT Z SFTQFUBS MBT OPSNBT EF VTP FTQFDJBMNFOUF FOUSF MB QPCMBDJÖO JOGBOUJMx

J[Ydebe] W

6/" %& -"4 /07&%"%&4 .¦4 JOUF SFTBOUFT EF FTUF BÕP FT MB DPOTUSVD DJÖO EF VOB GBMMB JONBUFSJBM RVF TF

Z '"--"4 -BT HVÎBT EF NJOVUPT

WB EFGJOJFOEP B QBSUJS EF MBT QSF GFSFODJBT Z QBMBCSBT NÆT VUJMJ[BEBT QPS MPT VTVBSJPT RVF QBSUJDJQFO B USBWÍT EF MB XFC Z MBT SFEFT TPDJBMFT &M QSPZFDUP JNQVMTBEP QPS MB &T DVFMB 5ÍDOJDB 4VQFSJPS EF *OHFOJF SÑB EF MB 6OJWFSTJUBU EF 7BMÐODJB Z EJSJHJEP QPS 'SBODJTDP (SJNBM EP Z &NJMJP 4PSJB QBSUF EF MB XFC GBMMBJNNBUFSJBM DPN FO MB RVF BQBSFDFO UPEBT MBT DMBWFT QBSB QP EFS QBSUJDJQBS FO MB QSPQJB DPO GJHVSBDJÖO EFM NPOVNFOUP WJSUVBM "MMÑ TF QVFEF WFS DÖNP MB GBMMB WB DSFDJFOEP DPOUJOVBNFOUF j-B JEFB FT RVF IBZB VOB JOUFSBDDJÖO FOUSF MB DJVEBEBOÑB Z MB GBMMB 1BSB FMMP BEFNÆT EF MPT DBOBMFT IBCJ MJUBEPT FO SFEFT TPDJBMFT Z XFC TF IBO EJTFÕBEP EJGFSFOUFT BDDJPOFT QÜCMJDBT QBSB JOWJUBS B MB QBSUJ DJQBDJÖO EFM NBZPS OÜNFSP EF QFS TPOBT QPTJCMFx BGJSNB (SJNBMEP &YJTUFO DVBUSP WBSJBOUFT -B 'B MMB (SBO TF OVUSF EF MBT QBMBCSBT Z


IBTIUBHT FNQMFBEPT DPO NÆT GSF DVFODJB MB &GÑNFSB SFDPHF MBT UFO EFODJBT EF DBEB NPNFOUP FO QBS UJDVMBS NJFOUSBT RVF MB *OGBOUJM IB DF VO SFTVNFO EF MBT GBMMBT DPO FNPUJDPOPT Z -B 'BMMB FO 7BMFO DJÉ NVFTUSB MPT DPODFQUPT FYQSFTB EPT FO WBMFODJBOP 0USB EF MBT OPWFEBEFT RVF OPT PGSFDF MB UFDOPMPHÑB QBSB MBT 'B MMBT FT FM QSPZFDUP 1BSPU %JHJ UBM RVF QSPQPOF jFMJNJOBS MBT SFTUSJDDJPOFT GÑTJDBT EF MPT NPOVNFOUPT GBMMFSPT QB SB RVF QVFEBO TFS FOWJB EPT Z DPNQBSUJEPT B UP EP FM NVOEP EF NBOF SB RVF DVBMRVJFS QFSTPOB RVF EJTQPOHB EF VO EJTQP TJUJWP NÖWJM Z VOB DPOFYJÖO B JOUFSOFU QPESÆ EJTGSVUBS EFM DMPO EJHJUBM EF VOB GBMMBx BGJSNB +BWJFS $BCBÕFSP VOP EF MPT JN QVMTPSFT EF FTUF QSPZFDUP B USBWÍT EF MB FNQSFTB %ZQTFMB &M NFDBOJTNP FT TFODJMMP FM VTVBSJP EFCF EFTDBSHBSTF VOB BQQ RVF MF QFSNJUF WJTVBMJ[BS MB GBMMB FO MB QBOUBMMB EFM EJTQPTJUJWP FO % Z QVEJFOEP HJSBS FM NPOVNFOUP WJSUVBM HSBEPT -B BQMJDBDJÖO TF QVFEF EFTDBSHBS EF NBOFSB HSBUVJUB FO MB QÆHJOB XFC QBSPUEJHJUBM DPN B QBSUJS EFM EÑB EF NBS[P &YJTUFO GBMMBT HSB UVJUBT Z PUSBT EF QBHP DPO VO DPT UF BQSPYJNBEP EF FOUSF Z DÍOUJNPT EF FVSP RVF SFQFSDV UJSÆ EJSFDUBNFOUF FO DPNJTJPOFT Z BSUJTUBT GBMMFSPT

<WbbWi ieij[d_Xb[i -" "16&45" 103 6/"4 '*&45"4 NÆT TPTUFOJCMFT QVFEF QBTBS QPS MB VUJMJ[BDJÖO EF NBUFSJBMFT DPNP MB QBKB EFM BSSP[ P FM TFSSÑO EF NBEF SB EF CBMTB DPNP NBUFSJB QSJNB QB SB MB DPOTUSVDDJÖO EF MBT GBMMBT &O

FTF QSPZFDUP TF IB FNCBSDBEP VO FRVJQP EF JOWFTUJHBEPSFT EF MB 6OJ WFSTJUBU 1PMJUÍDOJDB EF 7BMÐODJB 617 DPNQVFTUP QPS 3VCÍO 5PS UPTB .JHVFM 4ÆODIF[ +PTÍ 3BNÖO "MCJPM Z 9BWJ .ÆT DPO FM BQPZP EFM "ZVOUBNJFOUP EF 7BMÐODJB j6OB EF MBT DMBWFT FT RVF TF QB TB EF VO NPEFMP TVTUSBDUJWP B CBTF EF QPMJFTUJSFOP FO FM RVF QSJNFSP TF QPOF FM NBUFSJBM EFTIFDIBOEP EFTQVÍT MB NBUFSJB QSJNB B VOP BEJUJWP FO FM RVF TF VUJMJ[B TPMP MP RVF TF OFDFTJUB FO FTUF DBTP QBKB P TFSSÑOx BGJSNB 3VCÍO 5PSUPTB RVJFO BDMBSB RVF jFTUF QSPZFDUP OP FT QBSB OBEB SVQUVSJTUB DPO MB NBOFSB BDUVBM EF IBDFS GBMMB EF IFDIP MBT QSVF CBT BQPSUBO SFTVMUBEPT FYDFMFOUFT VUJMJ[BOEP MPT NPMEFT FYJTUFOUFT FO MB BDUVBMJEBE FO MPT UBMMFSFT GBMMFSPT JOEFQFOEJFOUFNFOUF EF RVF TF "7"/$&4 QVFEB VUJMJ[BS B DPSUP P NFEJP QMB 4*(/*'*$"5*704 [P OVFWBT UFDOPMPHÑBT DPNP MBT JN QSFTPSBT %x -BT QSVFCBT EFM -PT CFOFGJDJPT NFEJPBNCJFOUB QSPZFDUP EF MFT QBSB MB DJVEBE MMFHBSÑBO QPS EPT JOWFTUJHBDJÓO EF MB 6OJWFSTJUBU WÑBT TF EJTNJOVJSÑB FM JNQBDUP NFEJPBNCJFOUBM EF MB DSFNÉ QFS 1PMJUÍDOJDB EF NJUJFOEP VOB DPNCVTUJÖO NÆT 7BMÍODJB BSSPKBO MJNQJB Z TF EBSÑB TBMJEB B MB QBKB DBEB WF[ NFKPSFT SFTVMUBEPT UBM DPNP EFM BSSP[ RVF DBEB UFNQPSBEB TF TF QVFEF BQSFDJBS FO BDVNVMB FO MBT [POBT EF DVMUJWP EF MB "MCVGFSB FTUB JNBHFO EF VOB %F NBOFSB QBSBMFMB IBZ RVF UF NBOP B CBTF EF TFSSÎO EF NBEFSB EF OFS FO DVFOUB FM BTQFDUP FDPOÖNJ CBMTB Z QBKB EF BSSP[ DP BM USBUBSTF EF NBUFSJBMFT EF CB KP DPTUF UBOUP MB QBKB EFM BSSP[ "EFNÃT FO FTUF DPNP MB NBEFSB EF CBMTB DBTP TF IB "TJNJTNP 3VCÍO 5PSUPTB JODJEF FMBCPSBEP QBSUJFOEP FO RVF jUSBCBKBS DPO FTUPT NBUFSJB EF VO NPMEF ZB FYJTUFOUF QPS MP RVF MFT FT NVDIP NÆT MJNQJP QBSB MPT BM BSUJTUB MF BIPSSBSÎB UBMMFSFT QPSRVF OP FYJTUFO QBS DPTUFT BM QPEFS UÑDVMBT FO FM BNCJFOUF Z FTP SFQFS VUJMJ[BS MPT FMFNFOUPT DVUF FO CFOFGJDJP EF MB TBMVE EF RVF ZB UJFOFO FO TVT MBT QFSTPOBT RVF QBTBO BMMÑ NVDIBT UBMMFSFT IPSBTx


H?JCE ;D B7I <7BB7I

CÒI?97 O <?;IJ7" KD 8?DEC?E ?DI;F7H78B; -BT FYQSFTJPOFT GFTUJWBT WB MFODJBOBT IBO JEP BDPNQB ÕBEBT USBEJDJPOBMNFOUF EF CBOEBT EF NÜTJDB P QBSFKBT EF UBCBM Z EVM[BJOB -B CBOEB TPOPSB EF MBT 'BMMBT EF 7BMÐODJB UBNCJÍO QSPWJFOF EF MB USBEJDJÖO EF VO QVFCMP RVF IB UF OJEP FO MB NÜTJDB VOP EF TVT SF GFSFOUFT DVMUVSBMFT QSJODJQBMFT /BEJF JNBHJOB VO QBTBDBMMFT TJO VOB CBOEB EF NÜTJDB DPNP OB EJF JNBHJOB MB 0GSFOEB GMPSBM B MB 7JSHFO EF MPT %FTBNQBSBEPT TJ OP FT BM TPO EF MBT DBODJPOFT JO UFSQSFUBEBT QPS MPT NJFNCSPT EF MBT BHSVQBDJPOFT NVTJDBMFT 4FHÜO VO FTUVEJP EF MB 6OJWFS TJUBU EF 7BMÐODJB EJSJHJEP QPS 1BV 3BVTFMM MBT CBOEBT EF NÜTJDB TPO FM QSJODJQBM BHFOUF DVMUVSBM EF MB $PNVOJUBU 7BMFODJBOB IBTUB FM QVOUP EF RVF NÆT EFM EF MBT BHSVQBDJPOFT NVTJDBMFT EF UPEB &TQBÕB FTUÆO BTPDJBEBT FO MB 'FEF SBDJÖO EF 4PDJFEBEFT .VTJDBMFT EF MB $PNVOJUBU 7BMFODJBOB '4.$7 $PO FTPT EBUPT FO MB NBOP 5P OJ "MJBHB NJFNCSP EF TV FTUSVD UVSB EJSFDUJWB BGJSNB RVF jMBT TP DJFEBEFT NVTJDBMFT GPSNBO QBS

UF EFM FOUSBNBEP GBMMFSP DPNP VO BDUPS QPDP WBMPSBEP QFSP JNQSFT DJOEJCMFx QBSB MB GJFTUB Z QPS FTP BQVFTUB QPS jVOB DPMBCPSBDJÖO NÆT FTUSFDIB RVF QPESÑB BQPS UBS BDDJPOFT F JOJDJBUJWBT NVZ GSVDUÑGFSBT QBSB MBT EPT QBSUFTx %6-;"*/" : 5"#"- 0USB EF MBT FYQSFTJPOFT NVTJDB MFT RVF FODPOUSBNPT FO MBT 'BMMBT TPO MBT QBSFKBT EF UBCBM Z EVM[BJ OB 4FHÜO +PTFQ 7JDFOU 'SFDIJOB JOWFTUJHBEPS FO DVMUVSB QPQVMBS jFTUPT JOTUSVNFO UPT FTUÆO BTPDJB EPT B MBT GJFTUBT WB MFODJBOBT DPNP NÑOJNP EFTEF FM TJHMP 97 QPS MP RVF TV VOJÖO BM NVO EP GBMMFSP OP FSB TJOP VO QSPDFTP OBUVSBM B NFEJEB RVF FTUB GJFTUB JCB BERVJSJFOEP JNQPSUBODJBx "TÑ NJTNP 'SFDIJOB EFTUBDB jFM QBQFM FTFODJBM RVF DVNQMFO FO MBT OJUT E BMCBFT RVF PSHBOJ [BO NVDIBT DPNJTJPOFT GBMMFSBT ZB RVF TJO FMMPT OP TF QPESÑBO DF MFCSBSx

Z '"--"4 -BT HVÎBT EF NJOVUPT

3&$0/0$*%"4 103 &- $0/4&-- -BT 4PDJFEBEFT .V TJDBMFT GVFSPO EFDMB SBEBT #JFO EF 3FMF WBODJB -PDBM #3- QPS MB (FOFSBMJUBU 7B MFODJBOB FO


=7IJHEDECË7

¸8KDOEBI :; 97H787II7¹" F7;BB7$$$ O CK9>E CÈI 4FB WBMFODJBOP P WJTJUBOUF PDBTJP OBM FT EJGÑDJM OP DBFS FO MB UFOUB DJÖO EF UPNBS VOPT CVÕVFMPT DPO DIPDPMBUF EVSBOUF MB GJFTUB GBMMF SB &M BSPNB QBSUJDVMBS RVF EFT QSFOEF FTUB NBTB EF IBSJOB DPO P TJO DBMBCB[B BM DBFS FO FM BDFJUF IJSWJFOEP FT VOB EF MBT QSJNF SBT TFÕBMFT RVF JOEJDBO RVF 7BMÐODJB FTUÆ FO 'BMMBT P NVZ DFS DB EF DFMFCSBSMBT -PT NÆT USBEJ DJPOBMFT Z BVUÍOUJDPT TPO MPT CV ÕVFMPT EF DBMBCB[B CVOZPMT EF DB SBCBTTB Z TPO JEFBMFT QBSB EFTBZVOBS NFSFOEBS QBSB IBDFS VO BMUP FO FM DBNJOP P JODMVTP DP NP DPMPGÖO B VOB MBSHB OPDIF EF GJFTUB 4F QVFEFO FODPOUSBS FO DVBMRVJFSB EF MBT NÆT EF QB SBEBT RVF BQBSFDFO EJTUSJCVJEBT QPS DVBMRVJFS SJODÖO QMB[B P DB MMF EF MB DJVEBE : MVFHP FTUÆO MPT DMÆTJDPT BRVFMMPT MPDBMFT FNCMF

&O MPDBMFT NÆT USB EJDJPOBMFT UPEBWÑB TF QVFEF FODPO USBS MB GJHVSB EF MB CVOZPMFSB DPO TV EFMBOUBM CMBODP BCTPMVUB NBFTUSÑB Z TBCFS IBDFS

NÆUJDPT RVF PGSFDFO VO QSPEVD UP QPS FODJNB EF MB NFEJB DP NP TPO MB IPSDIBUFSÑB 'BCJÆO FM CBS 3JFSB &M $POUSBTUF MB DIVSSF SÑB $BTB 1JMPUP P MB IPSDIBUFSÑB &M $PMMBEP FOUSF PUSPT "/5&4 %& -" ."4$-&5© "OUFT EF JS B MB NBTDMFUÉ QVFEF TFOUBS EF QFSMBT VOB CFCJEB SF GSFTDBOUF Z OVUSJUJWB DPNP FT MB IPSDIBUB EF DIVGB BVUÍOUJDP UF TPSP HBTUSPOÖNJDP DPO %FOPNJ OBDJÖO EF 0SJHFO EFTEF &O NVDIBT EF MBT DBMMFT QSJODJQBMFT TF QVFEFO FODPOUSBS USBEJDJPOB MFT DBSSJUPT EF IPSDIBUB GSFTDB QF SP QBSB UPNBSMB EF GPSNB NÆT TP TFHBEB TJFNQSF FTUÆO MBT IPSDIB UFSÑBT USBEJDJPOBMFT EF 7BMÐODJBy P EF "MCPSBZB MB WFSEBEFSB DVOB EF FTUB UÑQJDB CFCJEB 1"3" $0.&3 " NFEJPEÑB OBEB NFKPS RVF VO CVFO BSSP[ FO DVBMRVJFSB EF TVT FTQFDJBMJEBEFT BM IPSOP OFHSP EF TFOZPSFU BSSÙT BNC GFTTPMT J OBQTy 1FSP MB WFSEBEFSB FTUSFMMB FT DÖNP OP MB QBFMMB Z NÆT DPO DSFUBNFOUF MB BVUÍOUJDB QBFMMB WBMFODJBOB .VDIP DVJEBEP FTP TÑ DPO FM SFTUBVSBOUF FMFHJEP QB SB EFHVTUBSMB OBEB EF QMBUPT QSF DPDJOBEPT RVF TF DBMJFOUBO FO DVBMRVJFS NPNFOUP 4J TVSHFO EVEBT QBSB JEFOUJGJDBS FTUF QMBUP USBEJDJPOBM WBMFODJBOP TF QVFEF DPOTVMUBS MB XFC XJLJ QBFMMB FO MB RVF TF FTQFDJGJDBO TVT JOHSFEJFOUFT SFDFUBT Z IBTUB SFT UBVSBOUFT SFDPNFOEBEPT 1"3" --&7"3 4J BDBCB FM WJBKF B 7BMÐODJB Z IBZ RVF SFHSFTBS B DBTB UBNCJÍO FYJT UF MB QPTJCJMJEBE EF MMFWBSTF DPOTJ HP MB HBTUSPOPNÑB UÑQJDB WBMFODJB OB HSBDJBT B DPNFSDJPT DPNP 0SJ HJOBM $7 VOB UJFOEB HPVSNFU FTQFDJBMJ[BEB FYDMVTJWBNFOUF FO QSPEVDUPT BVUÖDUPOPT


B7I <7BB7I :Ë7 7 :Ë7

79JEI :;IJ797:EI :; B7 I;C7D7 <7BB;H7 "VORVF MPT BDUPT GBMMFSPT IBO DPNFO[BEP TFNBOBT BOUFT MPT DJODP EÑBT NÆT DPODVSSJEPT EF MBT GJFTUBT TF JOJDJBO DPO MB QMBOUÉ JOGBOUJM FM EF NBS[P -PT DJODP EÑBT RVF DPNQPOFO FM OÜDMFP EF MB GJFTUB EF MBT 'BMMBT JO DMVZFO NVMUJUVE EF FWFOUPT Z BD UPT EF EJGFSFOUF ÑOEPMF RVF QFS NJUFO DPOGJHVSBS VOBT GBMMBT BM HVTUP EF DBEB VOP &TQFDUÆDVMPT QJSPUÍDOJDPT FWFO UPT DVMUVSBMFT F IJTUÖSJDPT USBEJ DJPOFT SFMJHJPTBT UPEP UJFOF DBCJ EB Z UPEP FT EF FOUSBEB MJCSF

'+ Z[ cWhpe

0 I 1MBOUÉ EF MBT GBMMBT JOGBO UJMFT I .BTDMFUÉ FO MB 1MB[B EFM

', Z[ cWhpe

I 1MBOUÉ EF UPEBT MBT GBMMBT EF 7BMÐODJB I .BTDMFUÉ FO MB 1MB[B EFM "ZVOUBNJFOUP B DBSHP EF 1JSPUFD OJB "JUBOB I &O MB USJCVOB JOTUBMBEB BO UF FM "ZVOUBNJFOUP SFQBSUP EF QSF NJPT PCUFOJEPT QPS MBT GBMMBT JOGBO UJMFT FO MBT EJGFSFOUFT TFDDJPOFT BTÑ DPNP EF QSFTFOUBDJPOFT JOGBO UJMFT $BCBMHBUB EFM /JOPU Z MMJCSFUT EF GBMMB I $BTUJMMP EF 'VFHPT "SUJGJ DJBMFT FO 1BTFP EF MB "MBNFEB 1J SPUFDOJB 5VSÑT

'- Z[ cWhpe

I &OUSFHB EF MPT HBMBSEPOFT PCUFOJEPT QPS MBT GBMMBT FO UPEBT MBT "ZVOUBNJFOUP B DBSHP EF 1JSPUFD TFDDJPOFT "TJNJTNP TF SFQBSUFO OJB ;BS[PTP MPT QSFNJPT DPSSFTQPOEJFOUFT B MPT I $MBVTVSB EF MB &YQPTJDJÖO DPODVSTPT EF DBMMFT BEPSOBEBT F EFM /JOPU -FDUVSB EFM WFSFEJDUP JMVNJOBEBT QSFTFOUBDJPOFT Z MMJ QPQVMBS Z QSPDMBNBDJÖO EFM /J CSFUT EF GBMMB &M BDUP UJFOF MVHBS GSFOUF BM "ZVOUBNJFOUP OPU *OEVMUBU EF I 3FDPHJEB EF MPT OJOPUT QPS I .BTDMFUÉ FO MB 1MB[B EFM QBSUF EF MBT DPNJTJPOFT GBMMFSBT "ZVOUBNJFOUP B DBSHP EF 1JSPUFD I - "MCB EF MFT 'BMMFT DPO FT OJB 5VSÑT QFDUÆDVMP QJSPUÍDOJDP QPS MB QJ I 0GSFOEB B MB 7JSHFO EF MPT %FTBNQBSBEPT SPUFDOJB 7VMDBOP I $BTUJMMP EF 'VFHPT "SUJGJ I $BTUJMMP EF 'VFHPT "SUJ DJBMFT FO 1BTFP EF MB "MBNFEB 1J GJDJBMFT FO 1BTFP EF MB "MBNFEB 1J SPUFDOJB "JUBOB SPUFDOJB .BSUÑ

Z '"--"4 -BT HVÎBT EF NJOVUPT


'. Z[ cWhpe

I )PNFOBKF BM QPFUB .BYJNJ MJÉ 5IPVT FO TV NPOVNFOUP TJ UVBEP BM DSVDF EF MBT DBMMFT EF 4B HVOUP Z .BYJNJMJÉ 5IPVT I )PNFOBKF BM NBFTUSP 4F SSBOP RVF UFOESÆ MVHBS FO TV NP OVNFOUP EF MB BWFOJEB EFM 3FJOP EF 7BMÐODJB I .BTDMFUÉ FO MB 1MB[B EFM "ZVOUBNJFOUP B DBSHP EF 1JSPUFD OJB .BSUÑ I 0GSFOEB B MB 7JSHFO EF MPT %FTBNQBSBEPT I /JU EFM 'PD $BTUJMMP EF 'VF HPT "SUJGJDJBMFT FO 1BTFP EF MB "MB NFEB 1JSPUFDOJB )FSNBOPT $B CBMMFS

-04 $0/$*&3504 %& '"--"4 &M TÃCBEP EF NBS [P MPT +BSEJOFT EF 7JWFSPT WVFMWFO B DPOWFSUJSTF FO FM FT DFOBSJP EFM USBEJDJP OBM $PODJFSUP EF 'B MMBT &O FTUB FEJDJÓO TF BQVFTUB QPS VO HSVQP WBMFODJBOP DPNP FT &M 7JBKF EF &MMJPU MJEFSBEP QPS TV WPDBMJTUB 'SBO 3PM EÃO RVF EBSÃ QBTP B MB BDUVBDJÓO EFM DBO UBVUPS Z DPNQPTJUPS HBEJUBOP %BWJE EF .BSÎB "TJNJTNP TF EB DBCJEB BM QPQ FO WBMFODJBOP EF MB CBOEB EF $BOBMT - &NQFSBEPS RVF BDUVBSÃ DPNP UFMP OFSP &M DPODJFSUP FT UÃ PSHBOJ[BEP QPS $BEFOB Z MB FO USBEB FT HSBUVJUB

'/ Z[ cWhpe

I &O FM QVFOUF EF 4BO +PTÍ TF MMFWBSÆ B DBCP VOB PGSFOEB GMPSBM EF MBT 'BMMFSBT .BZPSFT EF 7BMÐODJB Z TVT $PSUFT EF )POPS BOUF MB JNB HFO EFM QBUSJBSDB "M BDBCBS FM BDUP TF EJTQBSBSÆ VOB NBTDMFUÉ I .BTDMFUÉ FO MB 1MB[B EFM "ZVOUBNJFOUP B DBSHP EF 1JSPUFD OJB )FSNBOPT $BCBMMFS I $BWBMDBEB EFM 'PD QPS MB DB MMF $PMÖO IBTUB MB QMB[B EF MB 1VFS UB EFM .BS I $SFNÉ EF MBT GBMMBT JO GBOUJMFT I $SFNÉ EF MB GBMMB JOGBOUJM RVF IBZB PCUFOJEP FM QSJNFS QSF NJP EF MB 4FDDJÖO &TQFDJBM I $SFNÉ EF MB GBMMB JOGBOUJM EF MB 1MB[B EFM "ZVOUBNJFOUP I $SFNÉ EF UPEBT MBT GBMMBT EF 7BMÐODJB I $SFNÉ EF MB GBMMB RVF IB ZB PCUFOJEP FM QSJNFS QSFNJP EF MB 4FDDJÖO &TQFDJBM I 'VFHPT BÍSFPT FO MB QMB[B EFM "ZVOUBNJFOUP Z DSFNÉ EF MB GB MMB NVOJDJQBM


BE GK; DE :;8;I F;H:;HJ;

L7BÊD9?7" I?C8?EI?I ;DJH; >?IJEH?7 O CE:;HD?:7:

"EFNÆT EF MBT 'BMMBT 7BMÐODJB UJFOF NVDIPT BUSBDUJWPT RVF CJFO NFSFDF MB QFOB WJTJUBS NÆYJNF TJ TF UJFOF MB QPTJCJMJEBE EF BMBS HBS VO QPDP NÆT MB FTUBODJB Z BQSPWFDIBS MB SFTBDB GFTUJWB QB SB DPOPDFS NFKPS MB DJVEBE 7BMÐODJB TF QVFEF EJTGSVUBS EF NVDIBT NBOFSBT QFSP IBZ QMB OFT JNQSFTDJOEJCMFT QPS DPSUB RVF TFB MB FTUBODJB FO MB DJVEBE $"4$0 "/5*(60

&M DFOUSP IJTUÖSJDP DPODFOUSB BM HVOPT EF MPT UFTPSPT DVMUVSBMFT NÆT EFTUBDBEPT EF MB DJVEBE DP NFO[BOEP QPS MB $BUFESBM EPOEF TF QVFEF BTDFOEFS BM NJSBEPS EF

'"--"4 -BT HVÎBT EF NJOVUPT

-B DJVEBE QPTFF BUSBDUJWPT UVSÑTUJ DPT EF UPEP UJQP DVMUVSBMFT GFTUJ WPT HBTUSPOÖNJ DPT RVF TF EJTGSV UBO NFKPS HSBDJBT B VO FYDFMFOUF DMJNB

TV DBNQBOBSJP DPOPDJEP DPNP .JHVFMFUF BMMÑ TF QVFEFO WFS VOBT EF MBT NFKPSFT WJTUBT EF MB DBQJUBM " QPDPT NFUSPT EF BMMÑ NFSFDF MB QFOB VOB WJTJUB B MB #BTÑMJDB EF MB 7JSHFO EF MPT %FTBNQBSBEPT Z BM .VTFP EF M "MNPJOB &O EJSFDDJÖO BM CBSSJP EFM 1JMBS TF BM[B MB -POKB EF MB 4FEB VO FY QPOFOUF EFM HÖUJDP DJWJM BTÑ DPNP FM .FSDBEP $FOUSBM Z FM .VTFP Z FM $PMFHJP EFM "SUF .BZPS EF MB 4FEB $*6%"% %& -"4 "35&4 : -"4 $*&/$*"4

%JTFÕBEB QPS 4BOUJBHP $BMBUSB WB TF USBUB EF VO DPNQMFKP BSRVJ UFDUÖOJDP JOUF HSBEP QPS TFJT HSBOEFT FMFNFO UPT FM )FNJT GÐSJD VO DJOF *."9 FO FM RVF FT QPTJCMF WFS QSP ZFDDJPOFT EJHJUB MFT FM 1BMBV EF MFT "SUT 3FJOB 4PGÑB EFEJDBEP B MB ÖQFSB MPT KBSEJ OFT EFM 6NCSBD MF FM .VTFP EF MBT $JFODJBT EPO EF TF EBO B DPOPDFS BTQFDUPT SF MBDJPOBEPT EF MB DJFODJB MB UFD OPMPHÑB Z FM NFEJP BNCJFOUF FM ©HPSB VO FTQBDJP NVMUJGVO DJPOBM Z FM 0DFBOPHSÉGJD RVF FT FM NBZPS BDVBSJP RVF TF QVFEF FODPOUSBS FO UPEB &VSPQB ."3*/" 3&"- : 1-":"4

-B .BSJOB 3FBM +VBO $BSMPT * FT PUSP EF MPT QVOUPT EF SFGFSFODJB EF MB DJVEBE &O FMMB TF FODVFOUSBO MPT 5JOHMBEPT EFM T 9*9 FM FEJGJ DJP EFM 3FMPK Z FM FEJGJDJP 7FMFT F 7FOUT FNCMFNB EF MB OVFWB .BSJ OB 4F QVFEF BQSPWFDIBS MB WJTJUB QBSB EBSTF VO CBÕP FO MBT QMBZBT EF -BT "SFOBT Z .BMWBSSPTB




Turn static files into dynamic content formats.

Create a flipbook
Issuu converts static files into: digital portfolios, online yearbooks, online catalogs, digital photo albums and more. Sign up and create your flipbook.