.LRVNR \ 0iV
$UWtFXOR DQWHULRU 5DQJR GHO DUWtFXOR
$UWtFXOR VLJXLHQWH PDU
$%&
( 6(5%(72
©&DWDOXxD QR WLHQH QDGD TXH YHU FRQ .RVRYRª )ODND 6XUURL (GLWRUD GH ©.RKD 'LWRUHª /D UHVSRQVDEOH GHO SULQFLSDO SHULyGLFR GH .RVRYR FRQVLGHUD TXH HO SURFHVR GH LQGHSHQGHQFLD GH VX SDtV QR HV H[WUDSRODEOH ©4XH \R VHSD (VSDxD QR KD LQVWDXUDGR XQ VLVWHPD GH DSDUWKHLG FRPR HO TXH VXIULPRV QRVRWURV SRU SDUWH GH 6HUELDª
$/%$1 %8-$5, .2+$
)ODND 6XUURL PXHVWUD OD SRUWDGD GH XQ HMHPSODU GHO SHULyGLFR TXH GLULJH )ODND 6XUURL DxRV KDEOD XQ HVSDxRO SHUIHFWR FRQ XQ PHORGLRVR DFHQWR PH[LFDQR 6X SDGUH 5H[KDL 6XUURL IXH HPEDMDGRU GH OD DQWLJXD <XJRVODYLD HQ (VSDxD GRQGH IDOOHFLy GHVSXpV GH VHUOR HQ %ROLYLD \ 0p[LFR SDtV HQ HO TXH HOOD SDVy VX DGROHVFHQFLD &RQ WRGR HVWH EDJDMH KD WUDEDGR XQD HVWUHFKD UHODFLyQ FRQ OR KLVSDQR TXH VLJXH FXOWLYDQGR GHVGH VX GHVSDFKR GH HGLWRUD GHO SULQFLSDO GLDULR GH .RVRYR HO ©.RKD 'LWRUHª 1DGLH PHMRU SDUD H[SOLFDU TXH ©OD FRPSDUDFLyQ GH &DWDOXxD FRQ .RVRYR QR HV DGHFXDGD 1R VH SDUHFHQ HQ QDGDª ²(QWRQFHV QR FUHH TXH SXHGD VHUYLU QL GH LQVSLUDFLyQ ²4XH \R VHSD (VSDxD QR KD LQVWDXUDGR XQ VLVWHPD GH DSDUWKHLG FRPR HO TXH ORV VHUELRV QRV LPSXVLHURQ D ORV DOEDQHVHV HQ .RVRYR 1RV GHVSLGLHURQ GHO WUDEDMR D PLOHV D Pt PH GHSRUWDURQ D 0DFHGRQLD HQ XQ WUHQ FRPR JDQDGR DTXt WHQtDPRV LQVWLWXFLRQHV SURSLDV FRPR JRELHUQR WULEXQDOHV £KDVWD EDQFR FHQWUDO \ WRGR IXH HOLPLQDGR +LFLHURQ WRGR OR SRVLEOH SRU H[SXOVDUQRV GH .RVRYR TXHPDURQ
OHFWRU NLRVNR\PDV FRP HSDSHU YLHZHU DVS[
.LRVNR \ 0iV
QXHVWUDV FDVDV 7RGDV HVDV KXPLOODFLRQHV QR VH SXHGHQ ROYLGDU ²(Q &DWDOXxD KD\ DOJXQRV QDFLRQDOLVWDV TXH DVHJXUDQ TXH SUHWHQGHQ VHJXLU HO PLVPR FDPLQR TXH .RVRYR ²1R SXHGHQ VHJXLU HO PLVPR FDPLQR TXH QRVRWURV SRUTXH .RVRYR HV XQ FDVR VLQJXODU 1RVRWURV IXLPRV YtFWLPDV GH XQD JXHUUD HQ OD TXH VH SUHWHQGtD H[WHUPLQDUQRV \ HPSH]DPRV D UHFODPDU MXUtGLFDPHQWH OD LQGHSHQGHQFLD SRUTXH HO PXQGR YLR TXH HVWDED HQ MXHJR QXHVWUD VXSHUYLYHQFLD /LWHUDOPHQWH QRV TXHUtDQ PDWDU 7XYLPRV XQD GpFDGD GH SURWHFWRUDGR LQWHUQDFLRQDO XQD QHJRFLDFLyQ PX\ FRPSOHMD HQ ILQ XQ SURFHVR TXH QR VH KD YLVWR HQ QLQJ~Q RWUR OXJDU +XER XQD VHQWHQFLD GHO 7ULEXQDO GH /D +D\D TXH GLFH TXH QXHVWUD GHFODUDFLyQ GH LQGHSHQGHQFLD QR YLROy HO GHUHFKR LQWHUQDFLRQDO SHUR HVR VH UHILHUH D .RVRYR \ VXV SDUWLFXODULGDGHV HVH DUJXPHQWR QR VH SXHGH XVDU VLQ PiV HQ RWUDV SDUWHV GHO PXQGR ²< OR PiV LPSRUWDQWH WXYLHURQ HO DSR\R LQGLVFXWLEOH GH (( 88 ²3RU VXSXHVWR HO DSR\R GH (VWDGRV 8QLGRV *UDQ %UHWDxD )UDQFLD \ $OHPDQLD (Q UHDOLGDG VL QR KXELHVH RFXUULGR OD PDWDQ]D GH 6UHEUHQLFD VL ORV VHUELRV QR KXELHVHQ DVHVLQDGR D SHUVRQDV HQ XQ VROR GtD QDGLH VH KDEUtD ILMDGR HQ ORV DOEDQHVHV 3HUR GHVSXpV GH DTXHO KRUURU %LOO &OLQWRQ \ 7RQ\ %ODLU VH PRYLOL]DURQ SDUD TXH QR VH UHSLWLHUD HQ .RVRYR ²(V FXULRVR TXH DO ILQDO WRGRV ORV WHUULWRULRV GH <XJRVODYLD DVSLUDQ D HQWUDU HQ OD 8( ²3RU VXSXHVWR VL QR KXELHUD KDELGR XQD JXHUUD <XJRVODYLD VHUtD DKRUD XQ SDtV JUDQGH GHQWUR GH OD 8( 3HUR HO QDFLRQDOLVPR VXUJH HQ WLHPSRV GH FULVLV \ GHVSXpV GH 7LWR HO QDFLRQDOLVPR VHUELR VH HQFHQGLy $KRUD VLQ GXGD YLYLPRV PHMRU TXH HQ WLHPSRV GH 0LORVHYLF SRU OR PHQRV QR WHQHPRV TXH WHPHU TXH DOJXLHQ QRV SXHGD PDWDU SRU HO KHFKR GH VHU DOEDQHVHV ²(O UHFRQRFLPLHQWR GH OD LQGHSHQGHQFLD VH KD HVWDQFDGR ²(O SUREOHPD OR FRQVWLWX\H HO KHFKR GH TXH FLQFR SDtVHV GH OD 8( VH UHVLVWHQ D UHFRQRFHUQRV < HO SULQFLSDO GH HQWUH HOORV HV (VSDxD D GRQGH SRU HMHPSOR \R QR SXHGR YLDMDU 1DGD PH JXVWDUtD PiV TXH YROYHU D (VSDxD FRQ SDVDSRUWH NRVRYDU ,PSUHVR \ GLVWULEXLGR SRU 1HZSDSHU'LUHFW _ ZZZ QHZVSDSHUGLUHFW FRP 86 &DQ ,QWHUQ _ 'HUHFKRV GH UHSURGXFFLyQ \ SURWHJLGR SRU OD OH\
$UWtFXOR DQWHULRU
$UWtFXOR VLJXLHQWH
OHFWRU NLRVNR\PDV FRP HSDSHU YLHZHU DVS[