www.todayszaman.com - August 12, 2008 by Todays Zaman

T01-12-08-08.qxd

11.08.2008

19:43

Page 1

:PVOH 5VSLJTI BSUJTU "MNäMB ,VSTBS TFFLT TPDJBM QFBDF BOE BXBSFOFTT UISPVHI UIF BSU PG QBJOUJOH

5VSLT NPWJOH BU TOBJMkT QBDF JO #FJKJOH

5IBJ DPVSU JTTVFT BSSFTU XBSSBOU BGUFS FY 1. 5IBLTJO TLJQT CBJM BOE GMFFT

:P V S 8B Z P G 6 O E F S T U B O E ê O H 5 V S L F Z

45%3$!9 ß!5'534ß ß ßß777 4/$!93:!-!. #/- 94,ß ß

RCIG (QWT OQTG YQTMGTU FKG CV 6W\NC UJKR[CTFU A4DC4AB

/*/& 563,*4) 40-%*&34 ,*--&% */ -"/%.*/& #-"45 #0.#&3 4641&$5 4)05 %&"%

2-- NGCFGT GZRTGUUGU FGUKTG VQ VGUVKH[ KP 'TIGPGMQP ECUG

]TXVWQâX]V aTVX^] Û Cd]RT[X Xb cWT bRT]T Û UaT`dT]c R[PbWTb QTcfTT] ?:: bT_PaPcXbcb P]S CdaZXbW UâRTb CWT ?:: R[PX\TS aTb_^]bXQX[Xch Uâ P] P]^cWTa Tg _[^bX^] [Pbc fTTZ X] 4aiX]RP] fWXRW SP\PVTS cWT ZTh 1PZd CQX[XbX 2ThWP] 1C2 ^X[ _X_T[X]T P]S WPb bPXS Xc f^d[S RPaah ^dc \âT PccPRZb ^] cPaVTcb X] CdaZTh 7^fTeTa \X[XcPah P]S [^RP[ ÛUXRXP[ b^daRTb WPeT bPXS cWT _X_T[X]T Q[Pbc P]S bdQbT`dT]c UXaT fTaT SdT c^ P cTRW]XRP[ UPd[c P]S ]^c bPQ^cPVT CWT _X_T[X]T UXaT fPb TgcX]VdXbWTS ^] <^]SPh PRRâSX]V c^ P bT]Xâ b^daRT Pc ^X[ R^\_P]h 1? <TP]fWX[T X] cWT b^dcWTa] CdaZXbW _aêX]RT Û

7!2ß).ß#!5#!353

%CRCEKV[ WVKNK\CVKQP KP OCPWHCEVWTKPI KPFWUVT[ FTQRU HWTVJGT KP ,WN[ CWT RP_PRXch dcX[XiPcX^] aPcT Û cWT CdaZXbW \P] dUPRcdaX]V X]Sdbcah SX__TS Qh ( _TaRT]cPVT _^X]cb X] 9d[h êTa cWT bP\T \^]cW [Pbc hTPa PRRâS X]V c^ P aTRT]c bdaeTh CWT CdaZXbW BcPcXbcXRb 8]bcXcdcT CdaZBcPc R^]SdRcTS P bdaeTh P\^]V # $'" X]SdbcaXP[ \P]dUPRcdaX]V TbcPQ[XbW\T]cb aTeTP[X]V cWPc fWX[T cWT X]SdbcaXP[ \P]dUPRcdaX]V bTRcâ fPb fâZX]V Pc ' ( _TaRT]c Û Xcb RP_PRXch X] 9d[h ! & cWXb UXVdaT WPS aTcaTPcTS c^ ' _TaRT]c cWXb 9d[h CWXb Xb bTT] Qh \P]h P]P[hbcb Pb P aTU[TRcX^] Û cWT _a^[^]VTS TUUTRcb Û cWT ^]V^X]V RaXbXb X] cWT X]cTa]PcX^]P[ \PaZTcb CWT bdaeTh X]SXRPcTS cWPc cWT _aX\Pah aTPb^] Uâ ]^c fâZX]V Pc Ud[[ RP_PRXch fPb P bWâcPVT Û ST\P]S X] cWT S^\TbcXR \PaZTc 8]bdUUXRXT]c P\^d]cb Û aPf \PcTaXP[b UX]P]RXP[ _a^Q[T\b [PQâ \PaZTc XbbdTb P]S X]RaTPbX]V T]TaVh _aXRTb fTaT cWT ^cWTa aTPb^]b BWâcPVT Û S^\TbcXR ST\P]S fPb RXcTS Qh $ _Ta RT]c Û aTb_^]ST]cb fWTaTPb ' # _TaRT]c bPXS bWaX]Z X]V ST\P]S X] UâTXV] \PaZTcb fPb cWT _aX\Pah aTP b^] 5X]P]RXP[ _a^Q[T\b fTaT RXcTS Qh # # _TaRT]c bWâcPVT Û S^\TbcXR aPf \PcTaXP[b Qh # " _TaRT]c bWâcPVT Û X\_âcTS aPf \PcTaXP[b Qh ! ! _TaRT]c P]S T\_[^hTT aT[PcTS XbbdTb Qh & _TaRT]c #/.4).5%$ß/.ß0!'%ß

?7>C>

CWT U^d]STa P]S [TPSTa Û cWT cTaaâXbc :daSXbcP] FâZTabz ?Pach ?:: WPb bcPcTS cWPc WT f^d[S [XZT c^ cTbcXUh QTUâT cWT _a^bTRd câ WP]S[X]V cWT RPbT Û cWT d[caP]PcX^]P[Xbc 4aVT]TZ^] VP]V P bWPSh ]TcfâZ cWPc Xb PR RdbTS Û WPeX]V _[^ccTS c^ êTacWa^f cWT VêTa]\T]c CWT X]SXRc\T]c PVPX]bc cWT bdb_TRcTS 4aVT]TZ^] \T\QTab fW^ X]R[dST aTcXaTS bT]Xâ Pa\h VT]TaP[b PRPST\XRb RXeX[ b^RXTch aT_aTbT]cPcXeTb Y^da]P[Xbcb P]S \PUXP [TPSTab WPb SaPf] [X]Zb QTcfTT] cWT ?:: P]S cWT 4aVT]TZ^] ]TcfâZ CWT X]SXRc\T]c _aTbT]cb TeX ST]RT P]S fXc]Tbb PRR^d]cb R[TPa[h bdVVTbcX]V cWPc cWT \T\QTab Û cWT âVP]XiPcX^] fW^ Uâ\Ta[h fâZTS X] ePaX^db X]cT[[XVT]RT d]Xcb Û cWT bcPcT WPS dbTS cWT ?:: c^ bWXUc _dQ[XR ^_X]X^] X] UPeâ Û cWTXa PVT]SP fWXRW PX\TS c^ TeT]cdP[[h caXVVTa P \X[XcPah R^d_ CWT EPcP] SPX[h hTbcTaSPh aT_âcTS cWPc ?:: [TPSTa 0QSd[[PW »RP[P] fW^ Xb RdaaT]c[h bTaeX]V P [XUT bT]cT]RT Pb cWT b^[T X]\PcT Û cWT _aXb^] Xb[P]S Û ç\aP[ X] cWT BTP Û <Pa\PaP Tg_aTbbTS WXb STbXaT c^ cTbcXUh c^ ?a^bTRdcâ ITZTaXhP »i P]S _aêXST WX\ fXcW X]Uâ \PcX^] ^] cWT 4aVT]TZ^] âVP]XiPcX^] #/.4).5%$ß/.ß0!'%ß

7PcPh fWXRW QâSTab BhaXP _^[XRT bW^c P] d]XST]cXUXTS \P] TPa[h hTbcTaSPh PUcTa P R[PbW ^dcbXST P _^[XRT bcPcX^] CWT 0]Pc^[XP ]Tfb PVT]Rh bPXS b^\T $ ZX[^ VaP\b "! [Q Û _[PbcXR Tg_[^bXeTb T`dX__TS fXcW P aT\^cT R^]ca^[ STc^]Pcâ fTaT U^d]S X] P b_âcb QPV cWPc cWT \P] WPS _[PRTS P UTf \TcTab Ua^\ cWT bcP cX^]zb T]caP]RT ?^[XRT U^d]S P] XST]cXch RPaS fXcW cWT ]P\T {0b \ 6á]Të | aTVXbcTaTS X] 3XhPaQPZ a P]S P SaXeTazb [XRT]bT ^] cWT cTaaâXbc BTRdaXch ÛUXRXP[b WPeT QTT] cahX]V c^ STcTa\X]T XU cWT XST]cXch RPaS aTP[[h QT [^]Vb c^ cWT \P] 7T fPb P[b^ RPaahX]V P Vd] \PST X] 8aP` fXcW cWT QaP]S ]P\T CPa Z #/.4).5%$ß/.ß0!'%ß

5VWEM KP C VKIJV URQV #PMCTC ECNNU HQT %CWECUWU RCEV %-Ø.%ß+!24 ß!.+!2! FXcW W^bcX[XcXTb R^]cX]dX]V QTcfTT] 6TâVXP P]S AdbbXP cWT CdaZXbW RP_XcP[ Xb UTT[X]V P R^]bXSTaPQ[T fTXVWc ^] Xcb bW^d[STab [TPSX]V Xc c^ PRc RPdcX^db[h c^ Pe^XS WPa\X]V Xcb bcaPcTVXRP[[h X\_âcP]c QX[PcTaP[ aT[PcX^]b fXcW cWT cf^ _PacXTb Û cWT R^]U[XRc 0b P fPh ^dc Û cWT RaX bXb ?aX\T <X]XbcTa ATRT_ CPhhX_ 4aS^êP] hTbcTa SPh _a^_^bTS P aTVX^]P[ P[[XP]RT X] cWT 2PdRPbdb X] fWXRW cWT D= f^d[S P[b^ QT X]e^[eTS 0b Û hTbcTaSPh bTeTaP[ SPX[XTb bdVVTbcTS cWPc 4aS^êP] WPS PccT\_cTS c^ X]XcXPcT P cT[T _W^]T R^]eTabPcX^] fXcW WXb AdbbXP] R^d]cTa _Pac ?aX\T <X]XbcTa E[PSX\Xa ?dcX] ?dcX] SXS]zc aTb_^]S c^ cWXb aT`dTbc cWT aT_âcb bPXS {CWXb aT_âc Xb T]cXaT[h Va^d]S[Tbb P]S UP[bT 0b bdRW P aT`dTbc fPb ]^c R^]eThTS Xc Xb ^dc Û cWT `dTb cX^] cWPc Xc aT\PX]TS d]P]bfTaTS | cWT _aX\T \X]XbcTazb ÛUXRT bPXS hTbcTaSPh #/.4).5%$ß/.ß0!'%ß

6WTMKUJ DWUKPGUU KPVGTGUVU CV UVCMG KP 4WUUKC )GQTIKC YCT

2USSIAN®TROOPS®ARRIVE®IN®THE®+HURCHA®SETTLEMENT®IN®THE®BREAKAWAY®REGION®OF®!BKHAZIA

3VTTêB PQFOT OFX GSPOU UP TVCEVF 64 BMMZ (FPSHêB

AdbbXP ^_T]TS P bTR^]S Ua^]c Û UXVWcX]V X] 6TâVXP ^] <^]SPh bT]SX]V Pa\âTS eTWX R[Tb QTh^]S cf^ QaTPZPfPh _aêX]RTb P]S bTXiX]V P \X[XcPah QPbT X] cWT R^d]cahzb fTbc ÛUXRXP[b bPXS CWT ]Tf UâPhb X]c^ 6TâVXP TeT] PUcTa 6TâVXP] ?aTbXST]c <XZWPX[ BPPZPbWeX[X bXV]TS P RTPbT UXaT _[TSVT P__TPaTS c^ bW^f AdbbXP] STcTa \X]PcX^] c^ bdQSdT cWT b\P[[ DB QPRZTS R^d]cah fWXRW WPb QTT] _aTbbX]V Uâ =0C> \T\QTabWX_ CWT [PcTbc STeT[^_\T]cb X]SXRPcT cWPc AdbbXP] ca^^_b WPeT X]ePSTS 6TâVXP _a^_Ta Ua^\ cWT bT_P aPcXbc _aêX]RT Û 0QZWPiXP fWX[T \^bc 6TâVXP] UâRTb PaT [^RZTS d_ X] UXVWcX]V Pa^d]S B^dcW >bbTcXP

AdbbXP] Pa\âTS _Tab^]]T[ RPaaXTab a^[[TS X]c^ cWT QPbT X] BT]PZX P c^f] X] FTbcTa] 6TâVXP PQ^dc " ZX[^\TcTab X][P]S Ua^\ cWT 1[PRZ BTP _âc Û ?^cX 6TâVXP] BTRdaXch 2^d]RX[ bTRaTcPah 0[TgP]STa ;^\PXP bPXS AdbbXP] UâRTb P[b^ \êTS X]c^ cWT c^f] Û IdVSXSX fWTaT cWTh bTXiTS _^[XRT bcPcX^]b 6TâVXP] 8]cTaXâ <X]Xbcah b_^ZTb\P] BW^cP DcXPbWeX[X bPXS 0QZWPiXP] UâRTb c^^Z R^]ca^[ Û cWT ]TPaQh eX[[PVT Û :daVP WT bPXS 4Pa[XTa AdbbXP WPS fPa]TS 6TâVXP] UâRTb X] P QdUUTa i^]T fTbc Û 0QZWPiXP cWTh UPRTS AdbbXP] \X[XcPah PRcX^] XU cWTh SXS ]^c [Ph S^f] cWTXa fTP_^]b #/.4).5%$ß/.ß0!'%ß

Featuring news and articles from

-!(Ø2ß:%9.!,/6 ßØ34!."5,

"CEVMMBI DBMBO

CWT Q^\Q fPb STc^]PcTS Qh aT\^cT R^]ca^[ TeT] cW^dVW TPa[XTa aT_âcb STbRaXQTS cWT STeXRT Pb P [P]S \X]T B_TRXP[ 5âRTb QPRZTS Qh 2^QaP WT[XR^_cTab bTPaRWTS cWT PaTP Uâ cWT cTaaâXbcb QTWX]S cWT PccPRZ BTeTaP[ 5 % UXVWcTa YTcb c^^Z ÛU Ua^\ cWT b^dcWTPbcTa] RXch Û 3XhPaQPZ a PUcTa cWT P\QdbW Qdc cWTXa STbcX]PcX^] fPb d]R[TPa {CWXb PccPRZ fWXRW ^]RT PVPX] bW^fb cWT dV[h UPRT Û cTaaâXb\ ST\^]bcaPcTb _[PX][h W^f UPa cWT cTaaâXbcb PaT Ua^\ Wd\P] eP[dTb | ?aTbXST]c 0QSd[[PW 6á[ bPXS X] P bcPcT\T]c CWT _aêX]RT Û 4aiX]RP] aPaT[h fXc]TbbTb bT_PaPcXbc R^]U[XRc Qdc cWT

A4DC4AB

9/.#!ß0/92!:ß$/Ý!. ßØ34!."5,

=X]T \T\QTab Û cWT CdaZXbW \X[XcPah X]R[dS X]V P [XTdcT]P]c R^[^]T[ fTaT ZX[[TS hTbcTaSPh fWT] cWTXa eTWXR[T fPb bcadRZ Qh P] X\_aêXbTS Tg_[^bXeT STeXRT 843 _[P]cTS Qh cWT ^dc[PfTS :daSXbcP] FâZTabz ?Pach ?:: \X[XcPah b^daRTb bPXS 8] PSSXcX^] cf^ b^[SXTab fTaT f^d]STS X] P \X[ XcPah eTWXR[T PccPRZ ^] P R^d]cah a^PS ]TPa P QaXSVT X] cWT :T\PW SXbcaXRc Û CdaZThzb TPbcTa] 4aiX]RP] _aêX]RT 4aiX]RP] 6êTa]â 0[X 6á]VÛa bPXS cWT b^[SXTab fTaT QTX]V caTPcTS X] ePaX^db W^b_XcP[b

?7>C>

6GTTQT TGCTU KVU WIN[ JGCF CICKP

CdaZXbW QdbX]Tbb RXaR[Tb PaT QTR^\X]V X] RaTPbX]V[h P[Pa\TS Qh cWT ^]V^X]V R^]U[XRc QTcfTT] AdbbXP P]S 6TâVXP Q^cW Û fWXRW WPeT X\_âcP]c caPST aT[PcX^]b fXcW CdaZTh <âT cWP] CdaZXbW R^\_P]XTb PaT ^_TaPcX]V X] 6TâVXP fXcW X]eTbc\T]cb P\^d]cX]V c^ % \X[[X^] >] cWT ^cWTa WP]S AdbbXP QTX]V CdaZThzb UâT\^bc caPSX]V _Pac]Ta fXcW P caPST e^[d\T Û !' QX[[X^] Xb W^\T c^ \P]h [TPSX]V CdaZXbW R^\_P]XTb fWXRW WPeT X]eTbcTS % QX[[X^] X] cWT PaTP <P]h P]P[hbcb RPd cX^] cWPc CdaZTh ]TTSb c^ cPZT P eTah QP[ P]RTS P__a^PRW c^ _a^cTRc Xcb X]cTaTbcb X] Q^cW R^d]caXTb CdaZXbW 0Xa[X]Tb C7H U[XVWcb RPaV^ caP]b_âcPcX^] P]S ^X[ U[^f cWa^dVW cWT 1PZd CQX[XbX 2ThWP] 1C2 _X_T[X]T P[[ bc^__TS hTbcTaSPh #/.4).5%$ß/.ß0!'%ß

19:04

Page 1

! C>30HzB I0<0=

’

( 11& (14 6*17)*6

)GQTIKCP 2TGUKFGPV /KMJCKN 5CCMCUJXKNK

$3044 3&"%&3

5VSLFZmT QPTêUêPO PO (FPSHêB 3VTTêB DPOGMêDU

%.*/9 4/$!9k3 :!-!.ß!4ß4(%3%ß4/0ß(/4%,3

CWT R^]U[XRc QTcfTT] 6TâVXP] P]S AdbbXP] UâRTb aPVTb ^] Pc Ud[[ bcaT]VcW X] cWT 2PdRPbdb fXcW AdbbXP] ca^^_b fPa]X]V cWPc cWTh X]cT]S c^ _dbW UdacWTa X]c^ fTbcTa] 6TâVXP CW^dVW 6TâVXP bPXS ^] Bd]SPh Xc WPS _d[[TS ^dc Û B^dcW >bbTcXP Pb <^bR^f WPS ST\P]STS AdbbXP Tg_P]STS Xcb Q^\QX]V RP\ _PXV] PVPX]bc DB P[[XTS 6TâVXP [TPSX]V c^ cWT STPcWb Û Wd] SaTSb b^\T aT_âcb bPh CWT R[PbWTb QTcfTT] 6TâVXP P]S AdbbXP WPeT _[PRTS CdaZTh P aTVX^]P[ _^fTa X] P eTah SXUUXRd[c _^bXcX^] 0]ZPaP Xb Z]^f] c^ bd__âc 6TâVXP b cTaaXcâXP[ X] cTVaXch Qdc aTUaPX]b Ua^\ R^\X]V ^dc X] ^_T] ^__^bXcX^] c^ AdbbXP b X]cTaTbcb CWT R[PbWTb X] cWT 2PdRPbdb PaT Tg_TRcTS c^ _dc CdaZTh ^] cWT b_^c X] cWT SPhb PWTPS BPQPW b <TW\Tc 1Pa[Pb bPhb CdaZTh UTT[b ^Q[XVTS c^ cPZT P bcP]RT X] cWT UPRT Û P]h R^]U[XRc ]^ \PccTa fWTaT Xc Tad_cb fWTcWTa X] cWT 2PdRPbdb cWT 1P[ZP]b â cWT <XSS[T 4Pbc CWTaT PaT \X[[X^]b Û _T^_[T fW^ bTcc[TS X] CdaZTh PUcTa QTX]V UâRTS c^ [TPeT cWTXa W^\Tb X] cWTbT aTVX^]b CdaZTh b WXbcâXRP[ cXTb fXcW cWTbT aTVX^]b SPcT QPRZ c^ cWT >cc^\P] 4\_XaT P]S VaTPc[h X\_PRc ^da UâTXV] _^[XRh WT ]^cTb 1Pa[Pb PbZb fWPc CdaZTh b _^bXcX^] bW^d[S QT X] cWT UPRT Û bdRW R^]U[XRc X] ]TXVWQâX]V R^d]caXTb 8c Xb ]^c ^][h 6TâVXP]b 0iTaQPXYP]Xb 0a\T]XP]b P]S 2WTRWT]b fW^ [XeT X] cWXb aTVX^] CdaZb [XeT cWTaT c^^ FW^ bW^d[S fT bXST fXcW. WT `dTbcX^]b P]S R^] R[dSTb WXb R^[d\] Qh bPhX]V cWPc cW^bT fW^ R^]ca^[ U^^S aT b^daRTb R^]ca^[ P ]PcX^] CW^bT fW^ R^]ca^[ T]TaVh aTb^daRTb R^]ca^[ P fW^[T R^]cX]T]c 0]S cW^bT fW^ R^]ca^[ \^]Th R^] ca^[ cWT fâ[S AdbbXP R^]ca^[b T]TaVh aTb^daRTb P]S cWT DB R^]ca^[b \^]Th B^ fWPc bW^d[S fT R^]ca^[. WT PbZb HT]X èPUPZ b 7PZP] 0[QPhaPZ bPhb CdaZTh WPb QTT] _aêXSX]V 6TâVXP fXcW \X[XcPah bd__âc c^ R^\QPc AdbbXP b _^[XRh Û Tg_P]bX^]Xb\ X] cWT aTVX^] CdaZTh bTTb 6TâVXP Pb P QdUUTa i^]T QTcfTT] XcbT[U P]S AdbbXP 8c fP]cb c^ WPeT UaXT]S[h aT[PcX^]b fXcW AdbbXP Qdc S^Tb ]^c fP]c c^ QâSTa Xc 8c Xb Uâ cWXb aTPb^] cWPc 0]ZPaP fP]cb 6TâVXP c^ aTb_^]S c^ AdbbXP] PccPRZb WT bcPcTb 0[QPhaPZ Pc cWXb Yd]RcdaT _^X]cb c^ P bcaPcTVXR \XbcPZT R^\\XccTS Qh CdaZTh 3XS CdaZTh aTP[[h QT[XTeT Xc R^d[S ZTT_ AdbbXP Ua^\ PRWXTeX]V Xcb PX\b X] cWT aTVX^] fXcW^dc UX]SX]V P aTb^[dcX^] c^ cWT B^dcW >bbTcXP P]S 0QZWPiXP _a^Q[T\b. FWh SXS] c Xc \PZT \âT TUUâc c^ b^[eT cWT\ XU Xc SXS] c. WT PbZb <daPc HTcZX] Ua^\ APSXZP[ T\_WPbXiTb cWPc cWT STeT[ ^_\T]cb X] cWT 2PdRPbdb PaT Û eXcP[ X\_âcP]RT Uâ CdaZTh CdaZTh WPb STeT[^_TS WXbcâXR _a^YTRcb fXcW cWT 2PdRPbdb X] cWT [Pbc UTf hTPab cWPc PX\ c^ X\_aêT R^^_TaPcX^] fXcW cWT R^d]caXTb X] cWT aTVX^] CWT 1PZd CQX[XbX 2ThWP] J1C2L ^X[ _X_T[X]T cWT 1PZd CQX[XbX :Pab aPX[fPh P]S cWT èPWST]Xi ]PcdaP[ VPb _X_T[X]T _a^YTRc PaT ^][h P UTf Û cWT\ WT aT \PaZb HTcZX] P[b^ ]^cTb cWPc cWTbT _a^YTRcb SXS ]^c _[TPbT AdbbXP PSSX]V cWPc <^bR^f fPb STb_XcT TeTahcWX]V PQ[T c^ \PX]cPX] cWT QP[P]RTb fXcW CdaZTh ^]T Û Xcb QTbc ]Pc daP[ VPb Rdbc^\Tab CdaZTh ]TTSb c^ aTbcadRcdaT Xcb T]Ta Vh _^[XcXRb bTRdaXch T`dPcX^] X] cWT aTVX^] X] PRRâSP]RT fXcW cWT STeT[^_\T]cb X] cWT aTVX^] QTUâT cWT d]UPeâ PQ[T R^]SXcX^]b Û fX]cTa bTc X] 8c ]TTSb c^ cPZT cWT ]TR TbbPah \TPbdaTb Pb b^^] Pb _^bbXQ[T WT bPhb

ADAKULE HOTEL

Phone: +90 256 618 11 43 Kuþadasý / Aydýn www.adakule.com

GOLDCITY TOURISM COMPLEX

Phone: +90 242 510 02 00 Kargýcak / Alanya www.goldcity.com.tr

RAMADA PLAZA ÝSTANBUL

Phone: +90 212 315 44 44 www.ramadaplazaistanbul.com

’

3 716' 1( 6*' &#;

5IJT OBUJPO JT GJHIUJOH GPS JUT TVSWJWBM CVU XF BSF BMTP GJHIUJOH GPS XPSME QFBDF BOE XF BSF BMTP GJHIUJOH GPS B GVUVSF XPSME PSEFS

ALP PAÞA BOUTIQUE HOTEL

Phone: +90 242 247 56 76 Kaleiçi (OldTown) / Antalya www.alppasa.com

GÜNEÞ HOTEL

Phone: +90 212 483 30 30 Merter / Ýstanbul www.guneshotel.com.tr

RIXOS BELDÝBÝ

Phone: +90 242 824 97 00 Beldibi / Kemer / Antalya www.rixos.com

’

?A4BB A4E84F

6 7 ' 5 & #; # 7 ) 7 5 6

DPMVNOT

9 14&5 1( 9+5&1/

5IF DPOUJOVBUJPO PG WJPMFODF BHBJOTU (FPSHJB XJMM IBWF TFSJPVT DPOTFRVFODFT GPS 3VTTJB T SFMBUJPOT XJUI UIF 64 BOE UIF JOUFSOBUJPOBM DPNNVOJUZ

" NBO T GFFU TIPVME CF QMBOUFE JO IJT DPVOUSZ CVU IJT FZFT TIPVME TVSWFZ UIF XPSME )GQTIG 5CPVC[CPC

75 8KEG 2TGUKFGPV &KEM %JGPG[

QSFTT SPVOEVQ

11.08.2008

?7>C>

T02-12-08-08.qxd

4BBLBTWJMJ T BNCJUJPO #6(´/ &.Ă/ 1";"3$* BPPZPbeX[X c^^Z P VP\Q[T 7T R^d]cTS c^^ \dRW ^] cWT QPRZ X]V Û cWT DB P]S cWT 4D 7T cW^dVWc cWPc cWT DB P]S cWT FTbc f^d[S bca^]V[h bd__âc WX\ X] WXb ^_TaPcX^] PVPX]bc >bbTcXP 7T WT[S cWPc AdbbXP f^d[S QT aT bcaPX]TS P]S cWPc WT f^d[S cPZT Ud[[ R^]ca^[ Û >bbTcXP CWT DB P]S cWT FTbc bd__âc 6TâVXP Qdc ]^c c^ cWT TgcT]c cWPc BPPZPbeX[X WPS Tg_TRc TS QTRPdbT ]TXcWTa cWT DB ]â ^cWTa FTbcTa] R^d]caXTb PaT fX[[X]V c^ QT X]e^[eTS X] cWXb R^] U[XRc 1TbXSTb Xc Xb X\_^bbXQ[T Uâ AdbbXP c^ PRRT_c P]^cWTa STUTPc 6TâVXP Xb X] AdbbXP b QPRZhPaS 8] PSSXcX^] \^bc >bbTcXP]b PaT P[b^ AdbbXP] RXcX iT]b ?dcX] R^d[S ]^c aT\PX] bX[T]c X] cWT UPRT Û bdRW P bXcdPcX^] BPPZPbeX[X b P\QXcX^] c^^Z _aTRTST]c êTa WXb [^VXR 7T UPX[TS c^ R^]bXSTa fWPc AdbbXP fPb RP_PQ[T Û

8IP XJMM XJO UIF $BVDBTJBO HBNCMF ",Ă". Ă4."Ă- ,´ ´,,":" CWTaT fTaT P[aTPSh bXV]P[b X]SXRPcX]V cWPc fPa fPb R^\X]V X] cWT 2PdRPbdb aTVX^] FT fX[[ fXc]Tbb PS SXcX^]P[ fPab X] cWT 2PdRPbdb aTVX^] ^] SXUUTaT]c Ua^]cb TeT] XU cWT RdaaT]c _a^Q[T\ X] B^dcW >bbTcXP Xb aTb^[eTS 8c fX[[ cPZT P [^]V cX\T c^ aTbcâT _TPRT P]S bcPQX[Xch X] cWT aTVX^] 0[[ cWT PRcâb fX[[ R^]cX] dT bcadVV[X]V d]cX[ cWTh bTRdaT cWTXa X]cTaTbcb X] PR RâSP]RT fXcW cWTXa _^bXcX^]b CWT 6TâVXP] AdbbXP] fPa Xb ]^ bda_aXbT 0 QXV VP\T Xb cPZX]V _[PRT P]S B^dcW >bbTcXP Xb ^][h P b\P[[ _Pac Û Xc CWT V[^QP[ bcadVV[T QTWX]S cWT bRT]Tb fX[[ QT aT _TPcTS X] SXUUTaT]c bcPVTb CdaZTh ]TTSb c^ QT ^] cWT P[Tac FWh Xb 6TâVXP X\_âcP]c. 8c Xb X\_âcP]c QT RPdbT Xc Xb bTaeTb Pb P WdQ Uâ cWT caP]b_âc Û eXcP[ ^X[ aTb^daRTb P]S bd__[XTb Uâ cWT FTbc 8c Xb cWT ]P\T Û cWT aTVX^] fWTaT P QXccTa R^\_TcXcX^] Xb cPZX]V _[PRT QTcfTT] AdbbXP P]S cWT DB CWT 1[PRZ BTP W^[Sb X\_âcP]RT QTRPdbT Xc Xb P _[PRT fXcW eXcP[ X\ _âcP]RT X] cTa\b Û T]TaVh caP]b_âc P]S caPST

5XP GFNBMF BUIMFUFT POF (FPSHJBO BOE UIF PUIFS 3VTTJBO TFOU NFTTBHFT PG QFBDF UP UIF QPMJUJDJBOT PG UIFJS DPVOUSJFT BT UIFZ QPTFE GPS DBNFSBT TIPVMEFS UP TIPVMEFS EVSJOH B NFEBM DFSFNPOZ BU UIF POHPJOH 4VNNFS 0MZNQJD (BNFT JO #FJKJOH

[BNBO 6T^aVXP _d[[b ^dc ^U

B^dcW >bbTcXP Qdc AdbbXP R^]cX]dTb PccPRZb aTPS cWT c^_ bcâh hTbcTaSPh X] cWT SPX[h CW^dVW 6TâVXP P]]^d]RTS ^] Bd]SPh cWPc Xc WPS _d[[TS ^dc Û B^dcW >bbTcXP Pb <^bR^f WPS ST\P]STS AdbbXP Tg_P]STS Xcb Q^\QX]V RP\_PXV] PVPX]bc 6TâVXP AdbbXP] fPa_[P]Tb ZT_c Q^\QX]V cWT RXch Û IdVSXSX fWXRW Xb QTh^]S cWT QâSTa Û cWT bTR^]S 6TâVXP] QaTPZPfPh _aêX]RT Û 0QZWPiXP 8c P[b^ Q[^RZPSTS 6TâVXP b 1[PRZ BTP R^Pbc c^ _aTeT]c cWT U[^f Û b^[SXTab P]S P\\d]XcX^] Ua^\ ^cWTa R^d]caXTb X]c^ 6TâVXP

ALTIN YUNUS HOTEL ÇEÞME

Phone: 444 35 00 Çeþme / Ýzmir www.altinyunus.com.tr

HOTEL KARBEL

Phone: +90 252 617 00 13 Ölüdeniz / Fethiye www.karbelhotel.com

RIXOS BODRUM

Phone: +90 252 337 11 22 Bodrum / Muðla www.rixos.com

CVHÔO

8] hTbcTaSPh b WTPS[X]X]V bcâh cWT SPX[h \T]cX^]TS _[P]b Qh cWT _^[XcXRP[ RaX\T VP]V Z]^f] Pb 4aVT]TZ^] c^ _dc _aTbbdaT ^] Y^da]P[Xbcb 0 S^Rd\T]c bTXiTS SdaX]V P _^[XRT aPXS ^] cWT W^\T Û èT]Ta 4adhVda cWT Uâ\Ta VT]SPa\TaXT R^\\P]STa fW^ Xb RdaaT]c[h d]STa PaaTbc Pb _Pac Û cWT 4aVT]TZ^] X]eTbcXVPcX^] aTeTP[TS cWPc cWT VP]V bT]c cW^dbP]Sb Û T \PX[b c^ Y^da]P[Xbcb P]S R^[d\]Xbcb c^ ZTT_ cWT\ d]STa R^]ca^[ 1dVá] R^[d\]Xbc 6á[Ph 6ÛZcáaZ aTRTXeTS Pa^d]S T \PX[b Ua^\ cWT VP]V QTRPdbT Û P R^[d\] bWT _T]]TS ^] cWT ca^dQ[Tb UPRTS Qh :daSXbW RXcXiT]b

CWT SPX[h SXaTRcTS RaXcXRXb\ Pc CdaZXbW _^[XcXRXP]b hTbcTaSPh Uâ V^X]V ^] W^[XSPh Pc P cX\T fWT] cf^ Û CdaZTh b ]TXVWQâb fTaT T]VPVTS X] Pa\TS R^]U[XRc FWPc 0]ZPaP fXbWTS c^ S^ fPb bXST fXcW 6TâVXP Qdc fXcW AdbbXP Pb 6TâVXP b aXeP[ WXVW _aÛX[T CdaZXbW ÛUXRXP[b _aTUTaaTS c^ V^ ^] W^[XSPh aPcWTa cWP] QT ^Q[XVTS c^ \PZT bcPcT\T]cb ^] cWT ^]V^X]V R[PbWTb X] B^dcW >bbTcXP ]^cTS cWT SPX[h 0RRâSX]V c^ CPaPU CdaZTh _aTUTab c^ aT\PX] bX[T]c X] cWT UPRT Û cWT R^]U[XRc QTcfTT] 6TâVXP P]S AdbbXP 8c S^Tb ]^c fP]c c^ ^_T][h ^__^bT AdbbXP b X]cTaTbcb X] cWT aTVX^] cW^dVW Xc fXbWTb c^ bd__âc 6TâVXP b cTaaXcâXP[ X]cTVaXch

CHARISMA DE LUXE HOTEL

BLACK BIRD HOTEL

Phone: +90 212 511 74 54 Þehzadebaþý / Ýstanbul www.blackbirdhotel.com

Phone: +90 256 618 32 66 Kuþadasý / Aydýn www.charismahotel.com

L'ETOILE BEACH HOTEL

KORUMAR HOTEL DE LUXE

Phone: +90 252 455 35 70 Ýçmeler / Marmaris www.letoilehotel.com

Phone: 0 256 618 15 30 Kuþadasý / Aydýn www.korumar.com.tr

RIXOS KONYA

RIXOS PREMIUM BELEK

Phone: +90 332 221 50 00 Ýstanbul Yolu Selçuklu / Konya www.rixos.com

CM Y K

UBSBG

Phone: +90 242 710 20 00 Belek / Serik / Antalya www.rixos.com

CLUB FAMILIA

Phone: +90 232 722 22 22 Çeþme / Ýzmir www.clubfamilia.com

LUSH HOTEL

Phone: +90 212 243 95 95 Taksim / Ýstanbul www.lushhotel.com

RIXOS TEKÝROVA

Phone: +90 242 821 40 32 Kemer / Antalya www.rixos.com

"UUJUVEF PG UIF (FOFSBM 4UBGG 45"3 ā".Ă- 5"::"3 CWTaT PaT X\_âcP]c STcPX[b cWPc fTaT êTa[^^ZTS X] cWT _^[[ R^] SdRcTS Qh cWT 0]ZPaP QPbTS <Tca^?>;; BcaPcTVXR B^RXP[ ATbTPaRW 2T]cTa ^] P _^[XcXRP[ RaX\T VP]V Z]^f] Pb 4aVT]TZ^] CWT _dQ[XR aTPRcX^] ^] cWT bcP]RT Û cWT _^[XcXRP[ _PacXTb cWT 6T]TaP[ BcPUU P]S cWT \TSXP fXcW aTVPaS c^ cWXb VP]V _aêXSTb X\_â cP]c R[dTb cWPc bW^d[S bWTS [XVWc ^] cWT ^]V^X]V _a^RTbb ?PacXRX_P]cb fTaT PbZTS cWTXa ^_X]X^] ^] cWT bcP]RTb Û cWT _^[XcXRP[ _PacXTb cWT 6T]TaP[ BcPUU P]S cWT \TSXP SdaX]V cWT 4aVT]TZ^] X]eTb cXVPcX^] CWT 6T]TaP[ BcPUU aTRTXeTS cWT \^bc _^bXcXeT aTb_^]bT fXcW % _TaRT]c Û aTb_^] ST]cb aTVPaSX]V cWTXa bcP]RT c^fPaS cWT 4aVT]TZ^] _a^RTbb Pb _^bXcXeT CWT ad[X]V _Pach aP]ZTS bTR^]S _[PRT fXcW $! # _TaRT]c Û aTb_^] ST]cb aTVPaSX]V cWTXa bcP]RT Pb _^bXcXeT U^[[^fTS Qh cWT \TSXP " " _TaRT]c cWT =PcX^]P[Xbc <êT\T]c ?Pach <7? !# _TaRT]c P]S cWT AT_dQ[XRP] ?T^_[T b ?Pach 27? ( _TaRT]c

EPHESIA HOLIDAY BEACH CLUB

Phone: 0 256 622 11 80 Kuþadasý / Aydýn www.ephesia.com

HOTEL MAR-BAS

Phone: +90 252 455 30 59 Ýçmeler / Marmaris www.marbashotel.com

SEMÝNAL HOTEL

Phone: +90 212 297 34 34 Taksim / Ýstanbul www.seminalotel.com

HOTEL SEA GULL

Phone: +90 242 824 85 95 Kemer / Antalya www.seagullhotel.com

PIRIL HOTEL ÇEÞME

"Smiling Face of Çeþme" 444 0 232 www.pirilhotel.com

SHERATON HOTEL ANKARA

Phone: +90 312 457 60 00 www.sheraton.com/ankara

T03-12-08-08.qxd

11.08.2008

19:06

Page 1

=0C8>=0;

C>30HzB I0<0= "

6 7 ' 5 & #; # 7 ) 7 5 6

56#0$7. #0-#4# </4 #06#.;# #&#0# '4<747/ '&40' 64#$<10 -#;5'4

-10;# #0#--#.' &;#4$#-+4 5#/570 $745# )#<#06'2 '5-®'*4 /#.#6;# -1%#'.

?7>C>B

;FSP QSPCMFN QPMêDZ EêTUVSCFE

2ç70=

.BMBUZB

?7>C>B

"NBTZB

.FSTJO

8FFLFOE USBGGJD BDDJEFOUT LJMM

3aXeX]V d]STa cWT X]U[dT]RT b_TTSX]V P]S aTRZ[Tbb SaXeX]V [TS c^ cWT STPcWb Û "( _T^_[T P]S (! X]YdaXTb êTa cWT fTTZT]S 8] ^]T X]RXST]c P \X]XQdb cWPc fPb cPZX]V _PbbT]VTab W^\T Ua^\ P fTSSX]V X] <P[PchP U[X__TS êTa ZX[[X]V ]X]T _T^_[T P]S X] YdaX]V CWT SaXeTa fPb U^d]S c^ QT X]c^gXRPcTS 8] P]^cWTa PRRXST]c X] cWT ]âcWTa] _aêX]RT Û 0\PbhP cWaTT _T^_[T Ua^\ cWT bP\T UP\X[h P]S cf^ ^cWTab SXTS fWT] P \X]XeP] R^[[XSTS fXcW P cadRZ 8] cWT RP_XcP[ Û 0]ZPaP \TP]fWX[T P RPa cWPc fPb b_TTSX]V WXc P _^[T P]S b_[Xc X]c^ cf^ ZX[[X]V U^da 8] cWT 1[PRZ BTP _aêX]RT Û BPZPahP : 4abT] 0ab[P] P Uâ\Ta V^P[ZTT_Ta Uâ BPZPahPb_â fPb ZX[[TS fWT] WT RaPbWTS WXb \^câRhR[T CWT h^d]VTbc eXRcX\b Û cWT fTTZT]S b PR RXST]cb fTaT P ! hTPa ^[S fW^ fPb WXc Qh P \X]XQdb X] EP] P]S P " hTPa ^[S fW^ fPb WXc Qh P RPa X] BP\bd] CWT caPUUXR PRRXST]cb fTaT ]^c U^RdbTS X] P b_TRXUXR aTVX^] ^RRdaaX]V X] cWT _aêX]RTb Û 1Pc\P] <dê[P 6PiXP]cT_ 4bZXëTWXa 7PcPh ¬P]PZZP[T 1dabP 4SXa]T :PbcP\^]d P]S HîVPc P\^]V ^cWTab HTbcTaSPh cWT cP[[h Û PRRXST]cb R[X\QTS Qh cWaTT fXcW TXVWc _T^_[T bdbcPX]X]V X]YdaXTb 5TeiX 0_PhS ] _aTbXST]c Û cWT CdaZTh 3aXeTab P]S <^câX]V 5TSTaPcX^] CB>5 bPXS aPXbX]V UX]Tb Uâ caPUUXR eX^[PcX^]b Xb ]^c bdUUXRXT]c c^

B^dcW >bbTcXP Xb cda]X]V X]c^ cWT :dfPXc Û AdbbXP 6TâVXP Xb _[PhX]V cWT a^[T Û 8aP` P]S CdaZTh Xb [TUc X] cWT _a^Q[T\PcXR b_^c Û 8aP] 5dacWTa\âT 8baPT[ Xb ^]RT PVPX] ^] cWT RWTbbQ^PaS cWXb cX\T d]STabcP]SPQ[h ^] cWT ^__^bXcT bXST CWX]ZX]V cWPc AdbbXP Xb Q^\QPaSX]V 6TâVXP Uâ _daT[h Wd\P]XcPaXP] aTPb^]b c^ bPeT B^dcW >bbTcXP]b Ua^\ 6TâVXP] ^RRd_PcX^] Xb ]PÔeT P]S cWX]ZX]V cWPc cWT 6TâVXP] _aê^RPcX^] fPb ]^c R^âSX]PcTS Qh b^\T T[ T\T]cb fXcWX] cWT AdbbXP] PS\X]XbcaPcX^] Xb UdacWTa ]PXeTcÎ CdaZTh WPb X\\T]bT X]cTaTbcb X] 6TâVXP >bbTcXP P]S 0QZWPiXP Ydbc Pb 8aP] WPS X]cTaTbcb X] 8aP` P]S :dfPXc P]S X] cWT bcPQX[Xch Û cWT aTVX^] 8aP] Z]Tf Xc f^d[S QT bTR^]S ^] cWT DB [Xbc Û ^_TaPcX^]b 8U AdbbXP R^]cX] dTb c^ PSeP]RT c^fPaS CdaZTh b QâSTab dbX]V cWT _aTcTgc Û cWT 6TâVXP] X]ePbX^] Û B^dcW >bbTcXP CdaZTh fX[[ UX]S XcbT[U X] P WT[_[Tbb bXcdPcX^] CdaZTh WPb \âT 2PdRPbXP]b [XeX]V X] Xcb cTaaXcâh cWP] P[[ Û cWT 2PdRPbdb AdbbXP WPb P[aTPSh ^_T]TS P ]Tf Ua^]c X] 0QZWPiXP P]S cWXb fPa WPb cWT _^cT]cXP[ c^ b_aTPS cWa^dVW^dc cWT 2PdRPbdb P]S TeT] c^ 4PbcTa] 4da^_T B^dcW >bbTcXP] [TPSTa 4SdPaS :^Z^TcX P[aTPSh STR[PaTS cWPc cWTaT fTaT UâTXV]Tab P\^]V cWT 6TâVXP] Pa\h cWPc WPS X]ePSTS B^dcW >bbTcXP 7T \T]cX^]TS DZaPX]XP]b ;PceXP]b 4bc^]XP]b ;XcWdP]XP]b b^[ SXTab fXcW 0bXP] ThTb P]S fXcW Q[PRZ bZX] 8baPT[ fPb P[b^ ^] cWT Ua^]c[X]Tb Pc [TPbc fXcW cWT caPX]X]V P]S \^STa] Pa\P\T]c Xc _aêXSTS Uâ 6TâVXP CWPc fPb PS\XccTS Qh P 9TfXbW \T\QTa Û cWT 6TâVXP] RPQX]Tc 8c bTT\b cWPc Q^cW ^__^]T]cb PaT cahX]V c^ PSS Pb \P]h bXSTb Pb _^b bXQ[T c^ cWT R^]U[XRc 0 fâ[S fPa ^] P b\P[[ bRP[T CdaZTh Xb RTacPX][h SXbcdaQTS Qh cWT fPa ^] Xcb ]âcWTPbcTa] QâSTa 6TâVXP Xb P VPcTfPh Uâ CdaZTh c^ P[[ cWT R^d]caXTb c^ Xcb TPbc) P[[ cWT CdaZXR R^d]caXTb Û 2T]caP[ 0bXP cWT ^X[ aXRW 0iTaQPXYP] cWT Qa^cWTa[h ?PZXbcP] 2WX]P P]S 8]SXP CWT ^X[ _X_T[X]Tb P]S cWT aTRT]c aPX[fPh PVaTT\T]c QTcfTT] CdaZTh 0iTaQPXYP] P]S 6TâVXP WPS cWT _^cT]cXP[ c^ \êT cWT _PcW Û cWT WXbcâXRP[ BX[Z A^PS c^ cWT ]âcW 0]S CdaZTh Xb [^bX]V cWPc _PbbPVT c^SPh 8b cWXb ^]T Û cWT aTPb^]b AdbbXP]b fTaT b^ fT[[ _aT_PaTS P]S b^ fX[[X]V c^ RadbW cWT 6TâVXP] Pa\h TeT] PUcTa cWT 6TâVXP]b PbZTS Uâ P RTPbT UXaT. FT S^] c Z]^f 1dc fT Z]^f Uâ RTacPX] cWPc cWXb RadbWX]V fX[[ Wdac ]^c ^][h cWT 6TâVXP]b Qdc cWT fW^[T aTVX^]

RdaQ caPUUXR PRRXST]cb 7T ]^cTS cWPc cWT _a^Q [T\ Xb cWPc a^PSb PaT ]^c PQ[T c^ WP]S[T cWT R^]bcP]c WTPeh caPUUXR 0_PhS ] bPXS \âT cWP] $ \X[[X^] caPUUXR PRRXST]cb WPeT ^RRdaaTS X] cWT [Pbc hTPab X] CdaZTh 7T aTRP[[TS cWPc \âT cWP] P \X[[X^] _T^_[T fTaT X]YdaTS P]S \âT cWP] "$ _T^_[T SXTS X] cW^bT PRRXST]cb 8]RaTPbX]V UX]Tb Xb ]^c P b^[dcX^] c^ cWT _a^Q [T\ 8c b P ^]T bXSTS P__a^PRW _T]P[XiX]V ^][h cWT SaXeTab WT bPXS X] P faXccT] bcPcT\T]c hTbcTaSPh 0_PhS ] _^X]cTS ^dc cWPc bX]RT ! ! cWT ]d\QTa Û eTWXR[Tb ^] cWT a^PSb WPb X]RaTPbTS Qh # # _TaRT]c fWX[T cWT ]d\QTa Û SaXeTab VaTf Qh !! ' _TaRT]c

4BGFUZ SVMFT TIPVME CF GPMMPXFE çWbP] <T\Xë _aTbXST]c Û cWT 7XVWfPh CaPUUXR P]S A^PS BPUTch 0bb^RXPcX^] bPXS caPUUXR PRRX ST]cb X]RaTPbT Qh cfÛ^[S SdaX]V 9d]T 9d[h P]S 0dVdbc QTRPdbT \âT _T^_[T PaT dbX]V cWT a^PSb \PX][h c^ aTPRW cWTXa ePRPcX^] STbcX]P cX^]b 0\^]V cWT bPUTch \TPbdaTb WT bdVVTbcTS PaT PQXSX]V Qh b_TTS [X\Xcb ]^c SaXeX]V Uâ \âT cWP] cWaTT W^dab fXcW^dc P QaTPZ ]^c SaXeX]V XU b[TT_h â cXaTS _PbbX]V ^] cWT RâaTRc bXST ]TeTa SaXeX]V d]STa cWT X]U[dT]RT fTPa X]V P bPUTch QT[c ]^c c^bbX]V caPbW ^dc Û cWT fX]S^f P]S _d[[X]V êTa Pc P bPUT b_^c XU h^d fP]c c^ cPZT P RT[[ _W^]T RP[[ ÒUVCPDWN 6QFC[ U <COCP YKVJ YKTGU

.BKPSJUZ PG PWFSEPTF DBTFT JO 4PVUIFBTU GPS TVJDJEF TUVEZ SFWFBMT '/47..#* $#;4#- &×;#4$#-+4

0 bcdSh R^]SdRcTS Qh 3XR[T D]XeTabXch WPb aT eTP[TS cWPc '$ _TaRT]c Û SadV êTaS^bT RPbTb X] b^dcWTPbcTa] _aêX]RTb PaT PX\TS Pc bdXRXST CWT bcdSh fPb RPaaXTS ^dc Qh 3XR[T D]XeTabXch [TR cdaTab ^] X]SXeXSdP[b fW^ fTaT cPZT] c^ cWT T\Ta VT]Rh ST_Pac\T]c Û cWT 3XR[T D]XeTabXch <TSXRP[ 2T]cTa Uâ P SadV êTaS^bT QTcfTT] ! $ P]S ! % CWT aTbTPaRW bW^fTS cWPc '$ _TaRT]c Û cWTbT X]SX eXSdP[b fTaT PccT\_cX]V c^ R^\\Xc bdXRXST Qh êTa S^bX]V fWX[T $ _TaRT]c Û cWT RPbTb fTaT PRRXST]cb 0RRâSX]V c^ cWT bcdSh #! ! ( êTaS^bT RPbTb fTaT WP]S[TS Qh cWT \TSXRP[ RT]cTa b T\TaVT]Rh ST_Pac\T]c QTcfTT] 9P]dPah ! $ P]S 0_aX[ ! % FWX[T %( _TaRT]c Û cWTbT RPbTb fTaT UT\P[T _PcXT]cb " _TaRT]c fTaT

\P[Tb BXgch bTeT] _TaRT]c Û cWTbT UT\P[T _PcXT]cb WPS êTaS^bTS X] P] PccT\_c Pc bdXRXST fWX[T "! # _TaRT]c Û cWT \P[Tb aT_âcTS cWT bP\T aTPb^] Uâ cWTXa êTaS^bT BTeT]ch cf^ _TaRT]c Û UT\P[Tb fW^ caXTS c^ R^\\Xc bdXRXST Qh êTaS^bX]V fTaT QTcfTT] cWT PVTb Û $ P]S !$ 2[^bT c^ ' _TaRT]c Û cW^bT fW^ PccT\_cTS bdXRXST WPS UX]XbWTS ^][h _aX\Pah â bTR^]SPah bRW^^[ CWT bcdSh ]^cTS cWPc bdXRXST PccT\_cb PaT ^QbTaeTS X] UT\P[Tb \âT cWP] \P[Tb SdT c^ cWT a^[Tb Û f^\T] X] cWT aTVX^] P]S cWTXa [PRZ Û TR^]^\XR X]ST_T]ST]RT 8] & _TaRT]c Û bdXRXST PccT\_cb X]SXeXSdP[b c^^Z \âT cWP] ^]T ZX]S Û SadV CWT RW^XRT Û _PaPRTcP\^[ P]S P]cX_bhRW^cXRb Uâ êTaS^bX]V fTaT P[b^ `dXcT R^\ \^] P\^]V cWT bcdSh _^_d[PcX^] CWT bcdSh U^d]S cWPc f^\T] h^d]VbcTab P]S X]SXeXSdP[b Ua^\ [PaVT UP\ X[XTb fTaT \âT X]R[X]TS cWP] ^cWTab c^ PccT\_c bdXRXST

CM Y K

:4Aç< 10;28 M DCNEK"VQFC[U\COCP EQO

6TâVXP fPb cWT ]d\QTa ^]T R^d]cah ^] CdaZTh b [Xbc Û ]^ _a^Q[T\ R^d]caXTb ?aÛTbbâ 0W\Tc 3Pedc^ê[d WPS Uâ\d[PcTS CdaZTh b ]Tf Uâ TXV] _^[XRh Pb P iTa^ _a^Q[T\ _^[XRh P]S _aêXSX]V bTRdaXch 0RRâSX]V[h CdaZTh f^d[S ]^ [^]VTa PbZ Uâ bTRdaXch Qdc f^d[S _aêXST Xc Uâ Xcb ]TXVWQâb 3Pedc^ê[d b iTa^ _a^Q[T\ _^[XRh SXS `dXcT fT[[ ^] P[ \^bc P[[ Û CdaZTh b Ua^]cb 2^\_PaTS c^ P STRPST PV^ fWT] CdaZTh WPS _a^Q[T\b fXcW P[[ Xcb ]TXVWQâb c^SPh CdaZTh Xb S^X]V P V^^S Y^Q X] _a^ eXSX]V bTRdaXch c^ Xcb ]TXVWQâb P]S \X]X\XiX]V Xcb _a^Q[T\b fXcW cWT\ 6TâVXP fPb ]TeTa P _a^Q[T\ Uâ CdaZTh 8] UPRc Xc bTaeTS Pb P QdUUTa i^]T TeT] X] cWT WThSPh Û R^\\d]Xb\ X] cWT BêXTc D]X^] 1dc bdSST][h Xc cda]TS ^dc c^ QT P i^]T cWPc RaTPcTS _a^Q[T\b C^SPh CdaZTh Xb _Ta_[TgTS PQ^dc fWPc c^ S^ P]S Xb ^_cX]V Uâ cWT QTbc Qdc X\_^bbXQ[T RW^XRT) _TPRT ?TPRT Xb ^][h _^bbXQ[T XU AdbbXP Z]^fb fWTaT c^ bc^_ 8c WPb P[aTPSh TgRTTSTS cWPc [X\Xc CWT UPRc cWPc 6TâVXP Pb P fW^[T Xb QTX]V _d]XbWTS R^[[TRcXeT[h bdVVTbcb cWPc cWT AdbbXP]b PaT cWTaT c^ bcPh Uâ b^\T cX\T ?TPRT Xb ^][h _^bbXQ[T XU E[PSX\Xa ?dcX] cWT _aX\T \X]XbcTa Û AdbbXP Xb ]^c _[P]]X]V c^ QTR^\T P \^STa] cbPa HTbcTaSPh cWT DB PS\X]XbcaPcX^] PbZTS cWT AdbbXP]b c^ aTbcaPX] cWTXa ^_TaPcX^]b P]S ]^c c^ Q^\Q 6TâVXP ^]RT cWTh PbZTS Uâ P RTPbT UXaT CWT aTb_^]bT fPb WPabW) CWT AdbbXP]b bPXS cWT FTbcTa] R^d]caXTb WPS ZT_c X]cTaTbcX]V[h `dXTc PQ^dc cWT >bbTcXP] VT]^RXST Pc cWT QTVX]]X]V Û cWT 6TâVXP] X]ePbX^] Û B^dcW >bbTcXP P]S cWPc cWXb X]XcXP[ aTb_^]bT f^d[S QT cPZT] X]c^ R^]bXSTaPcX^] X] AdbbXP b [PcTa UâTXV] _^[XRh STRXbX^]b 6T]^RXST Xb ]^c P fâS cWPc RP] QT dccTaTS Qh P]h Va^d_ cWPc Xb bdQ YTRcTS c^ ZX[[X]Vb 0b P aWTcâXRP[ c^^[ cWT cTa\ VT]^RXST Xb dbTS ^][h Pb P _Pac Û P VaP]S bcaPcTVh CWT UdcdaT Û 6TâVXP P]S Qh TgcT]bX^] CdaZTh fX[[ QT STRXSTS cWa^dVW cWPc VaP]S bcaPcTVh

T04-12-08-08.qxd

11.08.2008

19:14

Page 1

# C>30HzB I0<0=

6 7 ' 5 & #; # 7 ) 7 5 6

F0A 8= 20D20BDB

&6 /"50 VSHF 3VTTJB UP IBMU (FPSHJB BEWBODF P[[XP]RT b_^ZTbf^\P] 2Pa\T] A^\Ta^ CWT \X[XcPah ^_TaPcX^]b X]R[dSX]V PXa P]S \XbbX[T Pc cPRZb WPeT ]^ aT[PcX^] c^ P]S V^ fT[[ QTh^]S cWT 28B _TPRTZTT_X]V ^_TaPcX^] bWT PSSTS

&NFSHFODZ NFFUJOHT AdbbXP b =0C> P\QPbbPSâ 3\Xcah A^VîX] bPXS AdbbXP fPb bTTZX]V P] T\TaVT]Rh \TTcX]V fXcW =0C> c^ SXbRdbb cWT RaXbXb ^] CdTbSPh fWT] 6TâVXP] 5âTXV] <X]XbcTa 4ZPcTaX]T CZTb WT[PbWeX[X fX[[ \TTc =0C> b _^[XRh \PZX]V =âcW 0c[P]cXR 2^d]RX[ A^\Ta^ bPXS Xc fPb c^^ TPa[h c^ bPh fWTcWTa P bT_PaPcT \TTcX]V fXcW cWT AdbbXP]b f^d[S cPZT _[PRT =0C> P]VTaTS <^bR^f Qh STR[PaX]V X] 0_aX[ cWPc 6TâVXP P Uâ\Ta _Pac Û cWT BêXTc D]X^] f^d[S ^]T SPh QT P \T\QTa A^\Ta^ bPXS =0C> QPRZTS X]cTa]PcX^]P[

\TSXPcX^] QPbTS ^] d_W^[SX]V 6TâVXP b cTa aXcâXP[ X]cTVaXch Qdc WPS ]^ \P]SPcT c^ _[Ph P SXaTRc a^[T X] R^]U[XRcb X] cWT 2PdRPbdb 4D UâTXV] \X]XbcTab fX[[ W^[S P] T\TaVT]Rh \TTcX]V ^] FTS]TbSPh P]S WTPa P aT_âc Ua^\ 5aT]RW 5âTXV] <X]XbcTa 1Ta]PaS :^dRW]Ta fW^ Xb eXbXcX]V 6TâVXP Uâ cWT 5aT]RW 4D _aTbXST]Rh :^dRW]Ta WPb _a^_^bTS P] X\\TSXPcT RTPbTUXaT cWT fXcWSaPfP[ Û UâRTb c^ _^bXcX^]b WT[S QTUâT 0dV % fXcW P] X]cTa]PcX^]P[ _aTbT]RT P]S cWT aTb_TRc Û 6TâVXP] cTaaXcâXP[ X]cTVaXch ?^[P]S P]S cWT 1P[cXR bcPcTb WPeT bca^]V[h R^]ST\]TS AdbbXP Uâ fWPc cWTh STbRaXQT Pb PV VaTbbX^] X] 6TâVXP CWTh PaT fPah Û P aTbda VT]c AdbbXP dbX]V Xcb \dbR[T c^ S^\X]PcT ]TXVW Q^dab fX[[ _dbW Uâ P bca^]V 4D aTPRcX^] P]S fX[[ d[cX\PcT[h QPRZ P] 4D _TPRTZTT_X]V UâRT

BfTSXbW 5âTXV] <X]XbcTa 2Pa[ 1X[Sc fW^ [TUc Uâ 6TâVXP ^] <^]SPh WPb P[b^ bca^]V[h R^]ST\]TS cWT AdbbXP] PRcX^] RP[[X]V Xc PV VaTbbX^] X]R^\_PcXQ[T fXcW X]cTa]PcX^]P[ [Pf 1dc 8cP[h fW^bT ?aX\T <X]XbcTa BX[eX^ 1Ta[dbR^]X Xb P R[^bT P[[h Û AdbbXP] ?aX\T <X]XbcTa E[PSX\Xa ?dcX] bXSTb fXcW AdbbXP 5âTXV] <X]XbcTa 5aP]R^ 5aPccX]X c^[S ;P BcP\_P FT RP]]^c RaTPcT P] P]cX AdbbXP R^P[XcX^] X] 4da^_T P]S ^] cWXb _^X]c fT PaT R[^bT c^ ?dcX] b _^bXcX^] WT bPXS CWXb fPa WPb _dbWTS 6TâVXP UdacWTa PfPh Ua^\ 4da^_T 6TâVXP] P\QPb bPSâ BP[^\T BP\PSPbWeX[X daVTS cWT 4D c^ cPZT P c^dVW bcP]RT ^] AdbbXP CWTh ]TTS c^ bW^f cWTaT fX[[ QT P _^[XcXRP[ R^bc Uâ cWT PRcX^] X] cTa\b Û cWT aT[PcX^]bWX_ Û cWT AdbbXP] UTSTaPcX^] fXcW Xcb bcaPcTVXR _Pac]Tab bWT bPXS $TWUUGNU 4GWVGTU

3VTTêB PQFOT OFX GSPOU UP TVCEVF 64 BMMZ (FPSHêB

?7>C>

DPOUêOVFE GSPN QBHF

BT]PZX W^fTeTa Xb [^RPcTS PQ^dc $ ZX[^\TcTab TPbc Û cWT 8]VdaX AXeTa fWXRW SXeXSTb 0QZWPiXP Ua^\ cWT aTbc Û 6TâVXP P]S Xb UPa QTh^]S cWT QdUUTa i^]T 8] <^bR^f P VêTa]\T]c ÛUXRXP[ fW^ b_^ZT ^] R^]SXcX^] Û P]^]h\Xch QTRPdbT WT fPb] c PdcWâXiTS c^ VXeT WXb ]P\T R^] UXa\TS cWPc cWT AdbbXP] \X[XcPah \êTS X]c^ BT]PZX Pb _Pac Û TUUâcb c^ T]S 6TâVXP] aT bXbcP]RT X] cWT PaTP Pa^d]S B^dcW >bbTcXP 9dbc W^dab QTUâT cWT \êT AdbbXP] ST_dch RWXTU Û 6T]TaP[ BcPUU 0]Pc^[h =^VêXcbh] bPXS cWPc AdbbXP fPb] c _[P]]X]V P]h ÛUT]bXeT X]c^ 6TâVXP QTh^]S cWT QaTPZPfPh aTVX^]b ;^\PXP bPXS 6TâVXP b ATX]cTVaPcX^] <X]XbcTa CT\da HPZ^QPbWeX[X fPb WTPSX]V c^ BT]PZX P[^]V fXcW D = ^QbTaeTab c^ bcdSh cWT bXcdPcX^] ^] cWT Va^d]S CWT AdbbXP] \êT Xb RTacPX] c^ SaPf P bca^]V R^]ST\]PcX^] Ua^\ cWT FTbc CWT FTbc WPb P[aTPSh bWPa_[h RaXcXRXiTS AdbbXP b \X[XcPah aTb_^]bT c^ 6TâVXP b PccPRZ ^] B^dcW >bbTcXP Pb SXb_a^_âcX^]PcT P]S cWT fâ[S b bTeT] [PaVTbc TR^]^\XR _^fTab daVTS AdbbXP ^] <^]SPh c^ PRRT_c P] X\\TSXPcT RTPbT UXaT P]S PVaTT c^ X]cTa]PcX^]P[ \TSXPcX^] DB BTRaTcPah Û BcPcT 2^]S^[TTiiP AXRT P]S WTa R^[[TPVdTb Ua^\ cWT 6a^d_ Û BTeT] [TPSX]V X]SdbcaXP[XiTS ]PcX^]b b_^ZT Qh cT[T_W^]T P]S _[TSVTS cWTXa bd__âc Uâ P ]TV^cXPcTS b^[dcX^] c^ cWT R^]U[XRc cWPc WPb QTT] aPVX]V bX]RT 5aXSPh QTcfTT] cWT Uâ\Ta BêXTc bcPcT P]S AdbbXP P DB BcPcT 3T_Pac\T]c ÛUXRXP[ bPXS b_TPZX]V ^] R^]SXcX^] Û P]^]h\Xch QTRPdbT cWT RP[[ WPS ]^c hTc QTT] Uâ\P[[h P]]^d]RTS DB ÛUXRXP[b Pc cWT D= PRRdbTS AdbbXP Û dbX]V cWT UXVWcX]V c^ cah c^ êTacWa^f cWT 6TâVXP] VêTa]\T]c P DB P[[h AdbbXP] ÛUXRXP[b PRRdbTS cWT DB Û WT[_X]V 6TâVXP \X[XcPaX[h P]S AdbbXP] ]Tfb aT_âcb bPXS cWTaT fTaT DB UXVWcTab Y^X]X]V 6TâVXP] UâRTb X] cWTXa B^dcW >bbTcXP ÛUT]bXeT DB ?aTbXST]c 6TâVT F 1dbW P]S AdbbXP] ?aX\T <X]XbcTa E[PSX\Xa ?dcX] caPSTS QPaQb <^]SPh 1dbW bWPa_[h RaXcXRXiTS <^bR^f b \X[XcPah RaPRZS^f] ^] 6TâVXP bPhX]V cWT eX^ [T]RT fPb d]PRRT_cPQ[T P]S AdbbXP b aTb_^]bT fPb SXb_a^_âcX^]PcT 8 eT Tg_aTbbTS \h VaPeT R^]RTa] PQ^dc cWT SXb_a^_âcX^]PcT aTb_^]bT Û AdbbXP P]S cWPc fT bca^]V[h R^]ST\] cWT Q^\QX]V ^dcbXST Û B^dcW >bbTcXP 1dbW bPXS X] P] X]cTaeXTf fXcW =12 B_âcb DB EXRT ?aTbXST]c 3XRZ 2WT]Th RP[[TS BPPZPbWeX[X c^ Tg_aTbb DB b^[XSPaXch X] cWT R^]

CWT 4da^_TP] 2^\\XbbX^] RP[[TS ^] AdbbXP ^] <^]SPh c^ WP[c \X[XcPah PRcXeXch ^] 6TâVXP] cTaaXcâh P]S =0C> b bTRaTcPah VT]TaP[ PRRdbTS <^bR^f Û dbX]V TgRTbbXeT UâRT FT RP[[ ^] AdbbXP c^ bc^_ X\\TSXPcT[h P[[ \X[XcPah PRcXeXch ^] 6TâVXP] cTaaXcâh bPXS 4da^_TP] 2^\\XbbX^] b_^ZTbf^\P] :aXbicX]P =PVh PSSX]V cWPc cWT 4D TgTRdcXeT fP]cTS P] X\ \TSXPcT T]S c^ W^bcX[XcXTb P]S P bfXUc aTcda] c^ ]T V^cXPcX^]b FT RP[[ ^] P[[ bXSTb c^ bW^f aTbcaPX]c FT R^]bXSTa cWPc cWT [PcTbc STeT[^_\T]cb bdRW Pb cWT Ra^bbX]V Û cWT 6TâVXP] QâSTa Qh AdbbXP] ca^^_b RWP]VT cWT SX\T]bX^] Û cWT R^]U[XRc =0 C> BTRaTcPah 6T]TaP[ 9PP_ ST 7^^_ BRWTUUTa fPb bTaX^db[h R^]RTa]TS PQ^dc cWT SXb_a^_âcX^]PcT dbT Û UâRT Qh cWT AdbbXP]b P]S cWT [PRZ Û aT b_TRc Uâ cWT cTaaXcâXP[ X]cTVaXch Û 6TâVXP bPXS

"ODYGUARDS®ESCORT®'EORGIAN®0RESIDENT®-IKHAIL®3AAKASHVILI® # ®TO®SHELTER®UNDER®A®THREAT®OF®2USSIAN®AIR®ATTACK®IN®THE®'EORGIAN®CITY®'ORI U[XRc fXcW AdbbXP P]S c^[S WX\ AdbbXP] PVVaTb bX^] \dbc ]^c V^ d]P]bfTaTS cWT eXRT _aTbX ST]c b ÛUXRT bPXS X] P bcPcT\T]c ^] <^]SPh 2WT]Th c^[S BPPZPbWeX[X cWPc R^]cX]dPcX^] Û AdbbXP] PVVaTbbX^] f^d[S WPeT bTaX^db R^]bT `dT]RTb Uâ Xcb aT[PcX^]b fXcW cWT D]XcTS BcPcTb Pb fT[[ Pb cWT Qa^PSTa X]cTa]PcX^]P[ R^\\d]Xch 8] cda] ?dcX] RaXcXRXiTS cWT D]XcTS BcPcTb Uâ PXa[XUcX]V 6TâVXP] ca^^_b QPRZ W^\T Ua^\ 8aP` ^] Bd]SPh Pc 6TâVXP b aT`dTbc 7T P[b^ PRRdbTS cWT D]XcTS BcPcTb Û SXb_[PhX]V P Rh]XRP[ 2^[S FPa \T]cP[Xch Qh bd__âcX]V 6TâVXP X] cWT R^]U[XRc ?dcX] bW^f] ^] bcPcT cT[TeXbX^] b_TPZ X]V c^ ÛUXRXP[b bPXS cWT FTbc WPS \P]X_d[PcTS cWT cadcW PQ^dc cWT fPa c^ _aTbT]c cWT 6TâVXP]b Pb cWT eXRcX\b aPcWTa cWP] cWT PVVaTbbâb 6TâVXP f^d[S ]^c bPh W^f \P]h ca^^_b aTcda]TS Qdc AdbbXP b ST_dch RWXTU Û 6T]TaP[ BcPUU 2^[ 6T] 0]Pc^[h =^VêXcbh] bPXS TXVWc DB caP]b_âc _[P]Tb ST[XeTaTS PQ^dc ' 6TâVXP] bTaeXRT\T] Ua^\ 8aP` 8] CQX[XbX ?aTbXST]c BPPZPbWeX[X bXV]TS P RTPbT UXaT _[TSVT <^]SPh _a^_^bTS Qh 5aT]RW 5âTXV] <X]XbcTa 1Ta]PaS :^dRW]Ta P]S WXb 5X]]XbW R^d]cTa_Pac 0[TgP]STa BcdQQ CWT 4D T]e^hb _[P] c^ caPeT[ Ua^\ CQX[XbX c^ <^bR^f [PcTa <^]SPh c^ cah c^ _TabdPST AdbbXP c^ PRRT_c cWT RTPbT UXaT

8]cTa]PcX^]P[ T]e^hb U[Tf X]c^ cWT aTVX^] [PcT Bd]SPh P]S cWT D= BTRdaXch 2^d]RX[ \Tc Uâ cWT U^dacW cX\T X] Pb \P]h SPhb c^ cah c^ T]S cWT R^]U[XRc QTUâT Xc b_aTPSb cWa^dVW^dc cWT e^[PcX[T 2PdRPbdb 5aT]RW ?aTbXST]c =XR^[Pb BPaZîh _aT_PaTS c^ U[h c^ 6TâVXP P]S AdbbXP ^] CdTbSPh ^] P _TPRT \XbbX^] U^[[^fX]V P a^d]S Û bWdcc[T SX_[^\PRh Qh WXb UâTXV] \X] XbcTa BPPZPbWeX[X WPS âSTaTS cWT WP[c Bd]SPh PUcTa êTafWT[\X]V AdbbXP] UXaT_^fTa Q[PbcTS WXb ca^^_b ^dc Û cWT B^dcW >bbTcXP] RP_XcP[ Û CbZWX]eP[X Qdc AdbbXP] ÛUXRXP[b bPXS cWTh bPf ]^ RTPbT UXaT ^] cWT Va^d]S 8] <^bR^f AdbbXP] ?aTbXST]c 3\Xcah <TSeTSTe bPXS AdbbXP WPb R^\_[TcTS P [PaVT _Pac Û TUUâcb c^ UâRT 6TâVXP] PdcWâ XcXTb c^ _TPRT X] B^dcW >bbTcXP P bcPcT\T]c cWPc bdVVTbcb <^bR^f R^d[S PRRT_c cWT _a^ _^bTS RTPbT UXaT BPPZPbWeX[X W^fTeTa e^XRTS R^]RTa] cWPc AdbbXP b cadT V^P[ fPb c^ d]STa\X]T WXb _a^ FTbcTa] VêTa]\T]c 8c b P[[ PQ^dc cWT X]ST_T]ST]RT P]S ST\^RaPRh Û 6TâVXP WT bPXS SdaX]V P R^]UTaT]RT RP[[ BPPZPbWeX[X bPXS AdbbXP WPb bT]c ! ca^^_b P]S $ cP]Zb X]c^ 6TâVXP fXcW b^\T ca^^_b VTccX]V fXcWX] $ ZX[^\TcTabÛ 6âX [^RPcTS Ydbc ^dcbXST B^dcW >bbTcXP

QTUâT QTX]V aT_d[bTS Bd]SPh CWT 6TâVXP] _aTbXST]c bPXS AdbbXP] fPa _[P]Tb fTaT Q^\QX]V a^PSb P]S QaXSVTb ST bca^hX]V aPSPa bhbcT\b P]S cPaVTcX]V CQX[XbX b RXeX[XP] PXa_âc >]T AdbbXP] Q^\QX]V aPXS bcadRZ cWT CQX[XbX PXa_âc PaTP ^][h P WP[U W^da QTUâT cWT 4D T]e^hb PaaXeTS WT bPXS 0]^cWTa WXc ]TPa ZTh 1PZd CQX[XbX 2ThWP] ^X[ _X_T[X]T fWXRW RPaaXTb 2Pb_XP] RadST c^ cWT FTbc =^ bd__[h X]cTaad_cX^]b WPeT QTT] aT_âcTS BPPZPbWeX[X [PcTa SaêT c^ cWT ^dcbZXacb Û 6âX P c^f] fWTaT bRâTb Û _T^_[T fTaT ZX[[TS X] P] AdbbXP] PccPRZ BPcdaSPh 7T fPb Y^X]X]V :^dRW]Ta fW^ WPS Ydbc R^\_[TcTS P c^da Û cWT STbca^hTS QdX[SX]Vb 0b cWT 6TâVXP] _aTbXST]c b_^ZT c^ aT _âcTab ]Tgc c^ WXb BDE P \T\QTa Û WXb bTRd aXch cTP\ bW^dcTS RêTa WX\ BPPZPbWeX[X fPb câ] PfPh Qh Q^ShVdPaSb P]S _dbWTS c^ cWT Va^d]S CWTh _X[TS TgcaP U[PZ YPRZTcb ^] c^_ Û WX\ 5TPaX]V P] PXa aPXS ^][^^ZTab U[TS [^^ZX]V bZhfPaS P]S bRaTP\X]V =^ YTcb fTaT bTT] â WTPaS :^dRW]Ta WPS [TUc bTR^]Sb QTUâT cWT _P]XR CWXb P \XbUâcd]T cWXb Xb X\_^bbXQ[T c^ bd__âc :^dRW]Ta bPXS PUcTa c^daX]V 6âX CWPc b fWh fT ]^c ^][h WPeT c^ ST]^d]RT cWXb Qdc fT WPeT c^ fâZ c^ bc^_ cWT UXVWc 6DKNKUK #2

4USBUFHJD CMVOEFS MFE (FPSHJB JOUP 4PVUI 0TTFUJB GPMMZ 6TâVXP \PST P bcaPcTVXR \XbRP[Rd[PcX^] X] cahX]V c^ aP_XS[h êTaad] B^dcW >bbTcXP P]S Pb P aTbd[c WPb _a^QPQ[h [^bc cWT aTVX^] Uâ V^^S aTVX^]P[ P]P[hbcb bPh FWX[T AdbbXP] QPRZTS bT_PaPcXbcb X] cWT QaTPZPfPh 6TâVXP] aTVX^] WT[_TS _aê^ZT 6TâVXP X]c^ PRcX^] Xc fPb cWT QT[XTU cWPc Xcb ca^^_b R^d[S bTRdaT P [XVWc]X]V eXRcâh cWPc d]STa_X]]TS 6TâVXP b STRXbX^] c^ PccPRZ CWT 6TâVXP]b a^[[TS cWT SXRT P]S cWTh [^bc bPXS <XRWPT[ 3T]Xb^] P] Tg_Tac X] AdbbXP] P]S 4daPbXP] PUUPXab Pc 2WPcWP\ 7^dbT P ;^]S^] QPbTS bTRdaXch cWX]Z cP]Z 8c fPb ]^c P] d]aTPb^]PQ[T RP[Rd[PcX^] c^ V^ Uâ P aP_XS fX] Qdc X] cWT T]S Xc fPb P \XbRP[Rd[PcX^] 6TâVXP fWXRW WPb bTeTaP[ aTbc[Tbb aTVX^]b fXcWX] Xcb cTaaXcâh WPb \P]PVTS c^ `dT[[ [^f [Te

/&84 "/"-:4*4

.WMG $CMGT 3&65&34 T[ X]bdaVT]RXTb ^] Xcb cdaU X] aTRT]c hTPab ]^ cPQ[h X] cWT :^SâX 6âVT P]S cWT 0SYPaP aTVX^] fXcW^dc _aê^ZX]V AdbbXP] aTPRcX^] 8c RP[Rd[Pc TS cWPc fXcW cWT aTRT]c RWP]VT Û [TPSTabWX_ X] <^bR^f P]S Qh cX\X]V cWT PccPRZ c^ R^X]RXST fXcW cWT ^_T]X]V Û cWT >[h\_XRb Xc R^d[S bTRdaT P `dXRZ P]S aT[PcXeT[h ca^dQ[T UaTT eXRcâh CWT RP_XcP[ CbZWX]eP[X Xb aT[PcXeT[h b\P[[ ]^ \âT cWP] Pa^d]S !$ _T^_[T P]S cWTh _a^QPQ[h cW^dVWc cWTh R^d[S Ydbc cPZT Xc P]S QT S^]T bPXS 3T]Xb^] CWTh \Ph WPeT RP[Rd[PcTS cWPc

b^\T _T^_[T f^d[S [TPeT cWT aTVX^] P]S U[TT ]âcW c^ =âcW >bbTcXP Qdc cWT aTbc f^d[S bcPh P]S cWT _a^Q[T\ f^d[S QPbXRP[[h QT aTb^[eTS 8] WX]SbXVWc WT bPXS cWT 6TâVXP]b bW^d[S WPeT cW^dVWc PQ^dc Q[^RZX]V â Q[^fX]V d_ cWT A^ZX Cd]]T[ cWPc [X]Zb B^dcW >bbTcXP c^ AdbbXP P]S VPeT AdbbXP] UâRTb PRRTbb c^ cWT aTVX^] 1dc cWT 6TâVXP]b ]TTSTS c^ ZTT_ cWT cd]]T[ ^_T] b^ cWPc B^dcW >bbTcXP]b R^d[S TbRP_T ]âcW 3T]Xb^] P]S ^cWTab ]^cT cWPc B^dcW >bbTcXP b bT_PaPcXbcb WPS QTT] _aê^ZX]V 6TâVXP Uâ b^\T cX\T _a^QPQ[h R^d]cX]V ^] AdbbXP c^ R^\T c^ cWTXa PXS XU ]TTSTS CWT AdbbXP]b WPeT QTT] _a^ e^ZX]V Uâ P [^]V cX\T P]S 8 S^] c S^dQc cWPc cWTh bc^ZTS d_ cWT bT_PaPcXbcb c^ bcPac PccPRZX]V bPXS 1adRT 6TâVT P 1aXcXbW \T\QTa Û _Pa[XP\T]c fXcW P [^]V cTa\ Pbb^RXPcX^] fXcW 6TâVXP 0c

$. : ,

cWT bP\T cX\T XU h^d T\QPaZ ^] P fPa Pb cWT 6TâVXP]b SXS h^d WPeT c^ fâZ ^dc fWPc cWT R^]bT`dT]RTb fX[[ QT 8c fPb X]TeXcPQ[T cWPc cWT AdbbXP]b f^d[S aTPRc eTah WTPeX[h P]S Pc cWXb bcPVT Xc bTT\b d]RTacPX] cWPc cWTh fX[[ bc^_ 3T]Xb^] fW^ fPb [Pbc X] B^dcW >bbTcXP P UTf \^]cWb PV^ bPXS AdbbXP] ?aX\T <X]XbcTa E[PSX\Xa ?dcX] b PbbTacX^] cWPc Xc fPb ]^f eTah d][XZT[h B^dcW >bbTcXP f^d[S TeTa QT X]cTVaPcTS X]c^ 6TâVXP WPS P[[ Qdc bTP[TS cWT aTVX^] b UPcT 8U cWT AdbbXP]b WPS] c X]cTaeT]TS P]S 6TâVXP WPS cPZT] êTa b^\T B^dcW >bbTcXP]b f^d[S WPeT U[TS Qdc \^bc _a^QPQ[h f^d[S WPeT QTT] ^ZPh P]S B^dcW >bbTcXP _a^QPQ[h f^d[S WPeT QTT] QTccTa ÛU TR^]^\XRP[[h P]S Rd[cdaP[[h 0b Xc Xb ]^f cWTh PaT [^^ZX]V Pc QTX]V P b\P[[ ^dc_^bc ^] cWT b^dcWTa] aTPRWTb Û AdbbXP

;0;4 B0A8ç1A07ç<>æ;D NQINW"VQFC[U\COCP EQO

5VSLFZmT TUSPOH $êSDBTTêBO MPCCZ UP MêNêU "OLBSBmT QPMêDêFT PO (FPSHêB XBS 8a^]XRP[[h CdaZTh b bca^]V 2XaRPbbXP] [^QQh WPb X] P fPh bXSTS fXcW AdbbXP X] cWT fPa cWPc aTRT]c[h U[PaTS d_ QT cfTT] ]TXVWQâX]V 6TâVXP] P]S AdbbXP] UâRTb êTa cWT bT_PaPcXbc _aêX]RT Û B^dcW >bbTcXP 0] 0]ZPaP QPbTS UTSTaPcX^] b RP[[ Uâ 0]ZPaP c^ R^] eX]RT 6TâVXP c^ fXcWSaPf Ua^\ B^dcW >bbTcXP Qh cWT cX\T cWT UTSTaPcX^] aT[TPbTS cWT bcPcT\T]c 6TâVXP] ca^^_b WPS aT_âcTS[h fXcWSaPf] Ua^\ cWT aTVX^] P]S c^ cda] cWT \X[XcPah caPX]X]V Xc ÛUTab 6TâVXP X]c^ P caPX]X]V Uâ _TPRT bPhX]V cWT caPX]X]V Xb dbTS PVPX]bc cWT Qa^cWTab Û 2XaRPbbXP]b X] 6TâVXP WPb ST\^]bcaPcTS CdaZTh b _^bbXQ[T R^]bcaPX]cb X] UdacWTaX]V \X[XcPah bd__âc c^ CQX[XbX CWT 5TSTaPcX^] Uâ 2PdRPbdb 0bb^RXPcX^]b :05 34A ]^c TS X] P bcPcT\T]c aT[TPbTS ^] BPcdaSPh cWPc cWT fTP_^]b Û cWT 6TâVXP] 0a\h fWXRW Xb bd__[XTS Qh CdaZTh P]S caPX]TS db X]V cPgTb R^[[TRcTS Ua^\ CdaZb WPeT ]^f QTT] _^X]cTS Pc cWT B^dcW >bbTcXP] Qa^cWTab P]S bXbcTab Û CdaZTh b 2XaRPbbXP]b B^dcW >bbTcXP WPb QTT] d]STa 6TâVXP] ^RRd_PcX^] cWT bP\T bcPcT\T]c bPXS d]STa[hX]V cWT bTaX^db SXeTaVT]RT Û ^_X]X^] fXcW 0]ZPaP b ÛUXRXP[ _^[XRh Û _aTbTaePcX^] Û cTaaXcâXP[ X]cTVaXch X] cWT 2PdRPbdb 0b P \PccTa Û UPRc AdbbXP] \TSXP `d^cX]V d]]P\TS AdbbXP] VêTa]\T]c b^daRTb WPeT P[b^ R^\_[PX]TS PQ^dc 0]ZPaP b \X[XcPah PbbXbcP]RT c^ 6TâVXP 8c Xb ]^ bTRaTc cWPc CdaZTh WPb QTT] caPX]X]V 6TâVXP] b^[SXTab Pb _Pac Û =0C> b ?Pac]TabWX_ Uâ ?TPRT ?U? _a^VaP\ fWX[T bd_ _[hX]V cWXb cX]h ]PcX^] ZTh c^ 0]ZPaP b aTPRW c^ 2T]caP[ 0bXP fXcW fTP_^]b Pb fT[[ Pb fT[[ PXaRaPUc bdRW Pb cWT B_P]XbW \PST 2= !"$ CdaZTh UXabc UT[c cWT bca^]V X]U[dT]RT Û Xcb \X[[X^]b Û CdaZb Û 2XaRPbbXP] âXVX] SdaX]V AdbbXP b fPa X] cWT QaTPZ PfPh 2PdRPbXP] aT_dQ[XR Û 2WTRW]hP X] cWT \XS (( b 5â TgP\_[T P CdaZXbW R^dac ^_cTS c^ cah " 2WTRWT]b fW^ aPXSTS cWT BfXbb^cT[ X] çbcP]Qd[ X] ! êTa RWPaVTb Û bTccX]V d_ P VP]V P]S cWaTPcT]X]V cWT UaTTS^\ Û W^cT[ VdTbcb X]bcTPS Û ^] RaX\Tb Û cTaaâ Pb P aTbd[c Û 2XaRPbbXP] _aTbbdaT CWXb WPb ]^c ^][h bcaPX]TS CdaZTh b cXTb fXcW Xcb =0C> P[[h cWT DB Qdc P[b^ fXcW AdbbXP 7^fTeTa CdaZTh WPb QTT] PQ[T c^ bX[T]RT Pa^d]S ' Pb b^RXPcX^]b PUUX[XPcTS fXcW cWT 2XaRPbbXP] CdaZb c^ aTbcâT Xcb aT[PcX^]b fXcW AdbbXP P]S c^ SXbR^daPVT 2WTRWT]b Ua^\ RW^^bX]V CdaZXbW cTaaXcâh Uâ cWTXa d][PfUd[ PRcb 2XaRPbbXP]b bdQYTRcTS c^ AdbbXP] QadcP[Xch fTaT ST_âcTS Ua^\ cWT 2PdRPbdb Qh RiPaXbc AdbbXP X] '% P]S RW^bT c^ U[TT c^ CdaZTh U^[[^fX]V cWT aTbXbcP]RT Û BWTXZW BWP\X[ cWT aT [XVX^db [TPSTa Û cWT <db[X\ caXQTb Û cWT =âcWTa] 2PdRPbdb P]S WXb U^[[^fTab X] cWT 2PdRPbdb PVPX]bc cWT BêXTc T\_XaT CdaZTh b 2XaRPbbXP] [^QQh R^\_aXbTb RXcXiT]b Ua^\ X]U[dT] cXP[ _aÛTbbX^]b bdRW Pb X] cWT CdaZXbW 0a\TS 5âRTb CB: fWTaT b^\T bT]Xâ [TeT[ VT]TaP[b X]R[dSX]V Uâ\Ta 2WXTU Û 6T]TaP[ BcPUU aTcXaTS 6T] 3^êP] 6áaTë PaT Û 2XaRPbbXP] âXVX] CWdb cWXb [^QQh _[Phb P a^[T X] X]U[dT]RX]V CdaZXbW _^[X RXTb X] cWT 2PdRPbdb CWT [PcTbc fPa X] B^dcW >bbTcXP WPb ]^c ^][h Qa^dVWc c^ cWT bdaUPRT PVPX] cWT TgXbcT]RT Û cWT 2XaRPbbXP] [^QQh X] CdaZTh Qdc P[b^ cWT aXeP[ah fXcW AdbbXP X] cWXb e^[PcX[T aTVX^] CWTaT WPeT P[aTPSh QTT] aT_âcb bPhX]V cWPc Wd]SaTSb Û e^[d]cTTab Ua^\ CdaZTh PaT WTPSTS c^ cWT bRT]T Û cWT UXVWcX]V fWXRW RaTPcTb P] TeT] VaTPcTa ]TTS Uâ cWT CdaZXbW VêTa]\T]c c^ QP[P]RT Xcb PRcb Qh aTUaPX]X]V Ua^\ VTccX]V c^^ X]e^[eTS ^] cWT _Pac Û cWT 6TâVXP]b X] cWT aTRT]c fPa cWdb bd__aTbbX]V cWT TgcaT\T ]PcX^]P[Xbc UTT[X]Vb Û CdaZb Û 2XaRPbbXP] âXVX] 0 _aTbb bcPcT\T]c aT[TPbTS Qh cWT CdaZXbW 5âTXV] <X]Xbcah ^] 0dV ' fPb X] cWXb bT]bT P QP[P]RTS ^]T X] cWPc Xc SXS ]^c YdbcXUh cWT 6TâVXP] PbbPd[c X] B^dcW >bbTcXP CWXb _^[XRh S^Tb ]^c Û R^dabT \TP] cWPc 0]ZPaP P__aêTb Û AdbbXP b SXb_a^_âcX^]PcT dbT Û UâRT X] cWT R^]U[XRc

3FQPSUT 5VSLFZ EFOJFT BDDFTT UP QMBOF CPVOE GPS (FPSHJB CdaZTh WPb ST]XTS _Ta\XbbX^] Uâ P DZaPX]XP] _[P]T WTPS TS c^ fPa WXc 6TâVXP c^ dbT Xcb PXab_PRT P AdbbXP] ]Tfb aT_âc WPb bPXS CWT DZaPX]XP] _[P]T fPb RPaahX]V Wd\P]XcPaX P] PXS \PcTaXP[b c^ 6TâVXP PRRâSX]V c^ cWT AdbbXP] A1: ]Tfb PVT]Rh CWT PVT]Rh `d^cTS DZaPX]XP] 5âTXV] <X]XbcTa E^[^Sh\ha >WahiZ^ Pb bPhX]V cWPc cWT _[P]T WPS c^ aTcda] QT RPdbT cWT PXa RâaXSâ c^ 6TâVXP eXP CdaZTh fPb R[^bTS CWTaT fPb ]^ bcPcT\T]c Ua^\ DZaPX]XP] ÛUXRXP[b â CdaZTh ^] cWT aT_âc CdaZTh Xb P R[^bT P[[h Û 6TâVXP R^^_TaPcX]V fXcW cWT cX]h 2PdRPbdb aT_dQ[XR ^] ZTh T]TaVh P]S aTVX^]P[ caP]b_âcP cX^] _a^YTRcb CWT QâSTa VPcT QTcfTT] cWT cf^ R^d]caXTb Xb ^_T] Qdc ^_TaPcTb fXcW SXUUXRd[ch SdT c^ R^]VTbcX^] AdbbXP fWXRW aT b_^]STS WTPeX[h c^ P 6TâVXP] ÛUT]bXeT X] cWT QaTPZPfPh aT VX^] Û B^dcW >bbTcXP ^] 5aXSPh Q[^RZTS PXa PRRTbb c^ 6TâVXP <TP]fWX[T Pb Û Bd]SPh P] PXS R^]e^h Û cWT CdaZXbW ATS 2aTbRT]c B^RXTch : i [Ph Ra^bbTS X]c^ 6TâVXP Pc cWT BPa_ QâSTa VPcT SdT c^ cWT R[PbW X] cWT 2PdRPbdb 0 bcPcT\T]c aT[TPbTS Qh : i [Ph bPXS cWT R^]e^h X]R[dSTS U^^SbcdUUb cT]cb P]S Q[P]ZTcb 0 "& \T\QTa : i [Ph ST[TVPcX^] WPb QTT] bcPcX^]TS Pc cWT BPa_ QâSTa VPcT P]S \PST PePX[PQ[T c^ PbbXbc Pc P]h cX\T fWX[T P UXeT \T\QTa cTP\ fT]c c^ 6TâVXP fXcW Wd\P]XcPaXP] PbbXbcP]RT BTeP[ 6áiT[Z [ ]Ì : i [Ph b 2PdRPbdb Wd\P]XcPaXP] PbbXbcP]RT RaTf R^âSX]Pcâ c^[S cWT 0]Pc^[XP ]Tfb PVT]Rh ^] Bd]SPh FT WPeT PbbXbcP]RT \PcTaXP[ bdRW Pb cT]cb Q[P]ZTcb QTSb P]S SaX]ZX]V fPcTa FT PaT RdaaT]c[h [^PSX]V cWTbT \PcTaXP[b ^]c^ eT WXR[Tb 6áiT[Z [ ]Ì bPXS FT PaT caP]b_âcX]V P R^\\d]XRPcX^] eTWXR[T P]S $ cT]cb ! $ Q[P]ZTcb $ QTSb P]S Q^cc[Tb Û SaX]ZX]V fPcTa [^PSTS ^] cf^ caPX[Ta cadRZb bWT PSSTS 8U ]TTS QT fT fX[[ aTX]UâRT cWT UXeT \T\QTa RaTf FT PaT ZTT_X]V ^da UXT[S W^b_XcP[ fWXRW WPb P $ QTS RP_PRXch P]S fWXRW RP] ÛUTa bTaeXRT c^ $ _T^_[T P SPh aTPSh bWT bPXS ÒUVCPDWN 6QFC[ U <COCP

T05-12-08-08.qxd

11.08.2008

19:16

Page 1

=0C8>=0;

C>30HzB I0<0= $

6 7 ' 5 & #; # 7 ) 7 5 6

0;ç Á=0;

1. &SEPĀBO FYQFDUFE UP SFTIVGGMF $BCJOFU UPQ QPTUT

0RIME®-INISTER®2ECEP®4AYYIP®%RDO¬AN®DURING®A®MEETING®OF®HIS®*USTICE®AND®$EVELOPMENT®0ARTYgS®PARLIAMENTARY GROUP ®4HE®PRIME®MINISTER®IS®CONSIDERING®SERIOUS®CHANGES®TO®THE®EXECUTIVE®ORGANS®OF®THE®PARTY

0: ?Pach _Pa[XP\T]cPah Va^d_ ST_dch RWPXa \T] BPSd[[PW 4aVX] <dbcPUP 4[XcPë 4aVá] =daTccX] 2P]XZ[X P]S 1TZXa 1îSPê fX[[ QT aT\êTS Ua^\ cWTXa _^bXcX^]b P]S ^]T Û cWT\ \êTS c^ cWT 2PQX]Tc CWTaT PaT P[b^ ad\âb RXaRd[PcX]V cWPc 4aS^êP] Xb R^]bXSTaX]V aT_[PRX]V b^\T \T\ QTab Û cWT _Pach PS\X]XbcaPcX^] Cf^ _a^b_TR cXeT RWP]VTb PaT bd__^bTS c^ QT 3T]VXa <Xa

<TW\Tc 5 aPc 0: ?Pach ST_dch RWPXa\P] P]S 4SXQT BÛiT] 0: ?Pach ST_dch RWPXaf^\P] aT b_^]bXQ[T Uâ _a^\^cX^] P]S \TSXP 5 aPc SaTf cWT XaT Û \P]h RXaR[Tb fWT] WT c^[S CWT CX\Tb X] [PcT 9d]T cWPc 0cPcáaZzb aTe^ [dcX^]b WPS caPd\PcXiTS CdaZXbW b^RXTch BÛiT] ^] cWT ^cWTa WP]S QTRP\T cWT RT] cTa Û WPabW RaXcXRXb\ Ua^\ cWT ^__^bXcX^] fWT] bWT _aTbT]cTS P _a^_^bP[ Uâ _a^cTRcX]V RWX[

SaT] X]R[dSX]V TbcPQ[XbWX]V P _[PRT Û fâbWX_ X] bRW^^[b Uâ bcdST]cb Û TeTah aT[XVX^] 4aS^êP] Xb Tg_TRcTS c^ aT_[PRT 5 aPc fXcW Uâ \Ta 8]cTaXâ <X]XbcTa 0QSá[ZPSXa 0Zbd >cWTa X]SX eXSdP[b Tg_TRcTS c^ QT RWP]VTS PaT eXRT RWPXa\T] Û cWT _Pach 0ZXU 6á[[T ATWP 3T]T\TÌ P]S =TRPcX ¬TcX]ZPhP >QbTaeTab bPh cWT _aX\T \X]XbcTa Xb R^] bXSTaX]V P f^\P] P]S cf^ h^d]V \T] Uâ cWT _^bc FWT] Xc R^\Tb c^ cWT 2PQX]Tc aPSXRP[ RWP]VTb PaT ]^c Tg_TRcTS R^]bXSTaX]V cWPc 4aS^êP] RWP]VTS ^][h ^]T cWXaS Û cWT _aTeX^db 2PQX]Tc PUcTa cWT 9d[h !! T[TRcX^]b 7T Xb Tg_TRcTS c^ aT`dTbc cWT aTcXaT\T]c Û b^\T Û cWT \X]Xb cTab fW^ WPeT QTT] bTaeX]V Uâ bXg hTPab CW^bT ]P\Tb PaT [XZT[h c^ QT <X]XbcTa Û 9dbcXRT <TW\Tc 0[X èPWX] <X]XbcTa Û 4SdRPcX^] 7ábThX] ¬T[XZ <X]XbcTa Û 7TP[cW ATRT_ 0ZSPê ?dQ[XR FâZb P]S 7^dbX]V <X]XbcTa 5PadZ »iPZ 4]TaVh P]S =PcdaP[ ATb^daRTb <X]XbcTa 7X[\X 6á[Ta P]S bcPcT \X]XbcTab =X\Tc ¬dQdZÌd <TW\Tc 0hS ] P]S :áaëPS Cái\T] 8c Xb P[b^ bPXS b^\T 2PQX]Tc \X]XbcTab R^d[S QT PbbXV]TS c^ SXUUTaT]c _^bcb X] cWT VêTa]\T]c

/P FBSMZ FMFDUJPOT PO IPSJ[PO 3T_dch ?aX\T <X]XbcTa 2T\X[ ¬XÌTZ SXb\XbbTS R[PX\b cWPc cWT 0: ?Pach f^d[S WTPS Uâ TPa[h T[TRcX^]b {FT S^]zc _[P] c^ W^[S TPa[h T[TRcX^]b CdaZTh Xb]zc X] ]TTS Û TPa[h T[TRcX^]b Pc cWT \^ \T]c CWT cTa\ {TPa[h T[TRcX^]b| Xb eTah SP]VTa ^db X] cTa\b Û cWT TR^]^\h 0b cWT 0: ?Pach fT fX[[ Ua^\ ]^f ^] R^]RT]caPcT ^] cWT TR^]^\h P]S ^] 4D WPa\^]XiPcX^] [Pfb | WT aT\PaZTS

?7>C>

:ÁAè0C 10H70=

?aX\T <X]XbcTa ATRT_ CPhhX_ 4aS^êP] Xb Tg_TRcTS c^ aTbWdUU[T cWT 2PQX]Tc P]S RTa cPX] WXVW aP]ZX]V _^bcb X] WXb ad[X]V 9dbcXRT P]S 3TeT[^_\T]c ?Pach 0: ?Pach PUcTa cWT 2^]bcXcdcX^]P[ 2^dac STRXSTS ]^c c^ SXbQP]S cWT _Pach CWT R^dac P]]^d]RTS [Pbc \^]cW cWPc Xc f^d[S ]^c R[^bT cWT 0: ?Pach ]^cX]V cWPc cWT _Pach fPb VdX[ch ^] RWPaVTb Û P]cX bTRd[Pa PRcXe XcXTb Qdc cWPc cWT PRcXeXcXTb fTaT]zc bTaX^db T]^dVW c^ fPaaP]c R[^bdaT 8c X]bcTPS ad[TS c^ X\_^bT UX]P]RXP[ bP]RcX^]b ^] cWT _Pach 0 bcPcT _a^bTRdcâ UX[TS cWT RPbT X] <PaRW PRRdbX]V cWT 0: ?Pach Û T]VPVX]V X] P]cX bTR d[Pa PRcXeXcXTb P]S RP[[X]V Uâ P QP] ^] & Û Xcb RdaaT]c P]S Uâ\Ta WXVW [TeT[ ÛUXRXP[b Ua^\ QT [^]VX]V c^ P _^[XcXRP[ _Pach Uâ UXeT hTPab =XWPc 4aVá] P ST_dch RWPXa\P] Û cWT 0: ?Pachzb _Pa[XP\T]cPah Va^d_ c^[S C^SPhzb IP\P] hTbcTaSPh cWPc 4aS^êP] WPS a^[[TS d_ WXb b[TTeTb Uâ _^bbXQ[T RWP]VTb X] cWT 2PQX]Tc P]S cWT _Pach PS\X]XbcaPcX^] U^[[^fX]V cWT 2^]bcXcdcX^]P[ 2^daczb eTaSXRc {0b Û >Rc cWT _Pach Va^d_ PS\X]XbcaPcX^] WPb c^ QT RWP]VTS 4aS^êP] \Ph \PZT b^\T RWP]VTb X] cWT 2PQX]Tc cWT 0: ?Pachzb _Pa[XP \T]cPah Va^d_ P]S cWT _Pach PS\X]XbcaPcX^] 7T Xb Tg_TRcTS c^ aT\êT UXeT \X]XbcTab Ua^\ cWT 2PQX]Tc | WT bPXS 7T P[b^ bcPcTS cWPc cWT aT bcadRcdaX]V fX[[ ]^c X]e^[eT aPSXRP[ RWP]VTb X] cWT 2PQX]Tc Qdc fX[[ QT [X\XcTS c^ P UTf \X]XbcTab 8c Xb ad\âTS cWPc Pc [TPbc cWaTT Û cWT UXeT

?7>C>

'4%#0 ;#87< #0-#4#

-EMBERS®OF®4URKEYgS®!LEVI®COMMUNITY ®A®RELIGIOUS®GROUP®THOUGHT®TO®NUMBER®BETWEEN® ®AND® ®MILLION ®PERFORMING®A®SEMAH ®A®RITUAL®OF®DANCES®CHARACTERIZED®BY®TURNING®AND®SWIRLING ®DURING®A®RELICIOUS®CEREMONY ®

"MFWJ HSPVQT TQMJU PWFS )BDë #FLUBă ë 7FMJ BDUJWJUJFT

AT_aTbT]cPcXeTb Û CdaZThzb 0[TeX R^\\d]Xch P aT[XVX^db Va^d_ cWPc SXUUTab Ua^\ Bd]]X 8b[P\ P]S cWPc Xb cW^dVWc c^ ]d\QTa P]hfWTaT QTcfTT] % \X[ [X^] P]S ! \X[[X^] X] CdaZTh PaT ^]RT PVPX] Pc ^SSb êTa UTbcXeXcXTb c^ R^\\T\âPcT 7PR 1TZcPë ET[X P QT[êTS UXVdaT Uâ 0[TeXb fW^ TbcPQ[XbWTS cWT 1TZcPëX âSTa Û STaeXbWTb RT]caP[ c^ 0[TeX UPXcW P]S _aPRcXRTb 0[TeX Pbb^RXPcX^]b PaT X] SXb_dcT fXcW cWT âVP]XiTab Û cWT #$cW ]PcX^]P[ 'cW X]cTa]P cX^]P[ 7PR 1TZcPë ET[X R^\\T\âPcX^] PR cXeXcXTb bRWTSd[TS c^ cPZT _[PRT 0dV % & X] cWT 7PR QTZcPë SXbcaXRc Û =TeëTWXa X] RT]caP[ 0]Pc^[XP CdaZThzb 0[TeX Pbb^RXPcX^]b R[PX\ cWPc 7PR QTZcPë <Phâ 0[X A iP BT[\P]_PZ^ê[d WPb caXTS c^ ZTT_ cWT\ ^dc Û cWT TeT]cb P]S P] ]^d]RTS cWPc cWTh fX[[ QT W^[SX]V P[cTa]PcXeT PRcXeXcXTb c^ R^\\T\âPcT 7PR 1TZcPë ET[X SdaX]V cWT ÛUXRXP[ RT[TQaPcX^]b 0[TeX 1TZcPëX 5TSTaPcX^] 015 2WPXa\P] 0[X 1P[Z i R[PX\TS ^] Bd]SPh cWPc BT[\P]_PZ^ê[d Xb ]^c VXeX]V cWT 015 P] ^_

_âcd]Xch c^ VXeT P b_TTRW SdaX]V cWT R^\\T\âPcX^] RTaT\^]h X] 7PR QTZcPë 1P[Z i bPXS BT[\P]_PZ^ê[d S^Tb ]^c bTT cWT 015 Pb X] [X]T fXcW WXb d]STabcP]SX]V Û 0[TeXb\ {7T Xb R^]SdRcX]V PRcXeXcXTb cWPc ad] R^]caPah c^ cWT d]XeTabP[ eP[dTb Û 0[TeXb\ FT _a^cTbcTS X] cWT UXabc cf^ hTPab P]S cWT] RW^bT ]^c c^ _PacXRX _PcT X] cWTbT PRcXeXcXTb FT SXS ]^c X]eXcT P]h^]T c^ cWTbT PRcXeXcXTb 1dc d_^] bTTX]V cWPc cWXb Xb ]^c V^^S Uâ cWT 0[TeX R^\\d]Xch X] CdaZTh fT STRXSTS c^ _PacXRX_PcT bcPacX]V cWXb hTPa cWX]ZX]V cWPc cWT \Phâ f^d[S WPeT d]STabc^^S fWh fT STR[X]TS c^ _PacXRX_PcT TPa[XTa FT ÛUTaTS c^ â VP]XiT ]Tf PRcXeXcXTb Qdc WT SXS ]^c aT_[h c^ ^da aT`dTbcb | 8] aTb_^]bT cWT 015 fX[[ âVP]XiT P \TTcX]V c^ QT W^bcTS Qh cWT 7PR 1TZcPë 2d[cdaT 0bb^RXPcX^] X] 7PR QTZcPë ^] cWT UXabc SPh Û R^\\T\âPcX^] PRcXeXcXTb P]S aT_aTbT]cPcXeTb Û P[[ 0[TeX 1TZcPëX âVP]XiPcX^]b fX[[ _PacXRX_PcT 0 Uâd\ cXc[TS {0[TeX H^dcW <TTc X] BTaÌTë\T| fX[[ QT WT[S ^] 0dV & ?Xa Bd[cP] 0QSP[ 0bb^RXPcX^] 6T]TaP[ <P]PVTa 5TeiX 6á\áë bPXS) {CWT 7PR

1TZcPë ET[X R^\\T\âPcX^] PRcXeXcXTb Tg R[dST cWT aTP[ aT_aTbT]cPcXeTb Û cWT 0[TeX R^\\d]Xch QTRPdbT Û cWT eXTfb Û cWT \Ph â Û 7PR QTZcPë BX]RT BT[\P]_PZ^ê[d fPb T[TRcTS \Phâ cWT 015 P]S Xcb \T\QTa â VP]XiPcX^]b fWXRW PaT cWT bca^]VTbc âVP] XiTS _^fTa Û cWT 0[TeX R^\\d]Xch WPeT QTT] d]PQ[T c^ P]]^d]RT cWTXa b^RXP[ ST \P]Sb X] BTaÌTë\T Uâ cWT [Pbc UXeT hTPab TeT] cW^dVW cWXb Xb P caPSXcX^]P[ PRcXeXch c^ aPXbT cWT e^XRT Û cWT 0[TeX R^\\d]Xch | BT[\P]_PZ^ê[d bPXS cWTh S^ ]^c cPZT P bcP]S ^] 0[TeXb\ SdaX]V cWT PRcXeXcXTb X] 7PR QTZcPë P]S PSSTS) {FT PaT ^] cWT bXST Û [êT P]S c^[TaP]RT CWT 0[TeX Pbb^RXPcX^]b PaT [^^ZX]V Pc âVP]XiX]V P[cTa]PcT TeT]cb c^ cPZT PSeP]cPVT Û cWT Ra^fSb VPcWTaX]V WTaT X] 7PR QTZcPë CWTh PaT R^]SdRcX]V P bT_P aPcT _P]T[ SXbRdbbX^] ^] cWT bP\T SPh X] 7PR QTZcPë Qdc cWTaT Xb ]^c \dRW X]cTaTbc X] cWXb CWTh fP]c c^ cP[Z SdaX]V cWT ^_T]X]V RTaT\^]h Û cWT PRcXeXcXTb Qdc 8 fX[[ ]^c P[ [^f cWT\ c^ S^ b^ | BT[\P]_PZ^ê[d R[PX\b

CM Y K

cWTaT Xb ]^ d]Xch P\^]V 0[TeX Pbb^RXPcX^]b P]S cWPc cWTaT PaT Wd]SaTSb Û Pbb^RXPcX^]b X]R[dSX]V cWT 015 cWT ?Xa Bd[cP] 0QSP[ 0bb^RXPcX^] P]S cW^dbP]Sb Û eX[[PVT Pbb^RXP cX^]b {C^ fWXRW bWP[[ 8 VXeT cWT RWP]RT c^ b_TPZ. BW^d[S 8 RW^^bT cW^bT cWPc bTT 0[TeXb\ Pb fXcWX] 8b[P\ â c^ cW^bT fW^ bTT Xc Pb ^dcbXST 8b[P\. CW^bT cWPc fP]c c^ b_TPZ R[PX\ 0[TeXb\ Xb ]^c P _Pac Û 8b[P\ P]S WPeT TeT] UâRTS cWT 4da^_TP] D]X^] c^ X]R[dST cWXb X]c^ cWT 4D ?a^VaTbb AT_âc cWTaTQh RaTPcX]V P ]Tf \X]âXch X] CdaZTh | BT[\P]_PZ^ê[d X]eXcTS ?aTbXST]c 0QSd[[PW 6á[ c^ _PacXRX_PcT X] cWT 7PR 1TZcPë ET[X R^\\T\âPcX^] PRcXeXcXTb P]S PSSTS cWPc WT fX[[ V^ c^ 0]ZPaP c^ X]eXcT ?aX\T <X]XbcTa ATRT_ CPhhX_ 4aS^êP] CWT \Phâ Û 7PR QTZcPë P[b^ bPXS WT WPS X]eXcTS AT_dQ[XRP] ?T^_[Tzb ?Pach 27? [TPSTa 3T]Xi 1PhZP[ 3T\^RaPcXR ;TUc ?Pach 3B? [TPSTa ITZX BTiTa P]S B^RXP[ 3T\^RaPcXR ?T^_[Tzb ?Pach B7? [TPSTa <daPc :PaPhP[Ì ] #PMCTC 6QFC[mU <COCP

#EZMI®+ARTAY

'PSNFS 40%&1 MFBEFS ,BSUBZ EJFT GSPN DBODFS BU 2Ti\X :PacPh P Uâ\Ta [TPSTa Û cWT B^RXP[ 3T\^RaPcXR ?Pach B>34? P]S P aTcXaTS VêTa]â SXTS hTbcTaSPh Pc P] 0]ZPaP W^b_XcP[ fWTaT WT fPb QTX]V caTPcTS Uâ R^[^] RP]RTa :PacPh & P VaPSdPcT Û cWT _^[XcXRP[ bRX T]RT ST_Pac\T]c Û 0]ZPaP D]XeTabXch fâZTS Pb P [^RP[ QdaTPdRaPc X] ePaX^db SXbcaXRcb Û CdaZTh 7T bTaeTS Pb P] PdSXcâ P]S P RWXTU Pd SXcâ Uâ cWT 5X]P]RT <X]Xbcah QTcfTT] cWT hTPab ($! P]S (% 7T P[b^ bTaeTS Pb P VêTa ]â X] ePaX^db _aêX]RTb d]cX[ ('" >]T Û cWT U^d]SX]V \T\QTab Û B>34? PUcTa P QP] ^] _^[XcXRP[ _PacXTb fPb PQ^[XbWTS U^[[^fX]V P \X[XcPah cPZTêTa ^] BT_c ! (' :PacPh fPb cWT _Pachzb RWPXa\P] Ua^\ 9d]T !& c^ 3TR & ('" ;PcTa WT bTaeTS Pb cWT ST_dch RWPXa\P] Û cWT _Pach P]S Xcb bdRRTbbâ cWT B^RXP[ 3T\^RaPcXR ?T^_[Tzb ?Pach B7? :PacPh WPS P[b^ QTT] Q^PaS \T\QTa Uâ cWT 0]ZPaP FPcTafâZb 0dcWâXch 0B:ç CáaZXhT çë 1P]ZPb P]S Q^cc[T _a^SdRTa èXëT 2P\ :PacPh Xb bdaeXeTS Qh WXb fXUT P]S cWaTT RWX[SaT] 0 Ud]TaP[ bTaeXRT fX[[ QT WT[S c^SPh Pc 0]ZPaPzb :^RPcT_T <^b`dT U^[[^fX]V fWXRW WT fX[[ QT QdaXTS Pc :Paë hPZP 2T\TcTah :PacPh fPb ^]T Û cWT \^bc X\_âcP]c UXVdaTb X] cWT _^bc R^d_ âVP]XiPcX^] Û CdaZThzb b^RXP[ ST\^RaPcb P[^]V fXcW bdRW _^[XcXRXP]b Pb 4aSP[ ç]Û]á =TRSTc 2P[_ P]S 0hS ] 6áeT] 6áaZP] ;XZT [PcT ?aX\T <X]XbcTa 1á[T]c 4RTeXc fW^ Qa^ZT ÛU Ua^\ cWT AT_dQ[XRP] ?T^_[Tzb ?Pach 27? P]S TbcPQ[XbWTS cWT 3T\^RaPcXR ;TUc ?Pach 3B? :PacPh P[b^ QT[^]VTS c^ P QaP]S Û b^RXP[ ST\^RaPcb cWPc b^dVWc P SXUUTaT]c _Ta b_TRcXeT ^] cWT [TUc Ua^\ cWPc Û cWT 27? 5âT\^bc b^RXP[ ST\^RaPc _^[XcXRXP]b Û cWT _T aX^S X]R[dSX]V 2P[_ U^[[^fTS Qh 6áaZP] P]S [PcTa 4RTeXc P]S ç]Û]á WPeT P[[ SXTS X] cWT _Pbc UTf hTPab CWT STPcW Û :PacPh Pb ^]T Û cWT [Pbc bdaeXeX]V \T\QTab Û cWPc Va^d_ Pc cWT [Te T[ Û bTRaTcPah VT]TaP[ â RWPXa\P] \PaZb cWT T]S Û cWT TaP Û CdaZThzb ]^f ]TPa[h TgcX]Rc b^RXP[ ST\^RaPcXR [TVPRh ÒUVCPDWN 6QFC[mU <COCP YKVJ YKTGU

$)1 BDDVTFT ", 1BSUZ EFQVUZ PG EJSUZ EFBM XJUI QSJOUJOH IPVTF <PX] ^__^bXcX^] AT_dQ[XRP] ?T^_[Tzb ?Pach 27? _Pa[XP\T]cPah Va^d_ ST_dch RWPXa\P] :T\P[ : [ ÌSPa^ê[d WPb PRRdbTS P ad[X]V 9dbcXRT P]S 3TeT[^_\T]c ?Pach 0: ?Pach ST_dch Û WPe X]V ST\P]STS _Ph\T]c X] TgRWP]VT Uâ WT[_X]V P _aX]cX]V W^dbT c^ Qdh P _XTRT Û [P]S : [ ÌSPa^ê[d fW^ WT[S P _aTbb R^]UTaT]RT hTb cTaSPh X] ?Pa[XP\T]c R[PX\TS cWPc 0: ?Pach BPZPahP ST_dch èPQP] 3Xë[X fPb X] P SXach STP[ fXcW 0ZPST\X >UbTc P _aX]cX]V W^dbT P]S WPS ST\P]S TS \X[[X^] X] TgRWP]VT Uâ WT[_X]V cWT R^\_P]h c^ Qdh P _XTRT Û [P]S Xc fPb PUcTa {3T_dcXTb RP]]^c WT[_ X]SXeXSdP[b X] TgRWP]VT Uâ \^]Th ]â ST \P]S P]h \PcTaXP[ VPX]b Ua^\ _T^_[T | WT bPXS : [ ÌSPa^ê[d SXbcaXQdcTS P S^Rd\T]c QTPaX]V cWT bXV]PcdaTb Û 3Xë[X P]S ÛUXRXP[b Ua^\ 0ZPST\X >UbTc ^] cWT STP[ 7T bcaTbbTS cWPc cWT SdcXTb P]S aTb_^]bXQX[XcXTb Û ST_dcXTb PaT STUX]TS X] cWT 2^]bcXcdcX^] P]S cWPc ST_dcXTb aT_aTbT]c cWT fW^[T ]PcX^] ]^c Ydbc cWT _T^_[T fW^ T[TRcTS P]S bT]c cWT\ c^ ?Pa[XP\T]c {CW^bT fW^ QPbT cWTXa ST_dchbWX_ ^] _Ta b^]P[ X]cTaTbcb bW^d[S]zc aT\PX] X] ?Pa[XP\T]c 3T_dcXTb RP]]^c PRc X] [X]T fXcW cWT Pb_XaPcX^]b Û QdbX]Tbb\T] R^\\TaRXP[ âVP]XiPcX^]b P]S T]cTa_aXbTb 8U cWTh PRc ^] cWT R^]caPah cWT] Xc Xb cWT Sdch Û cWT \TSXP cWT ThTb P]S TPab Û b^ RXTch c^ bW^f Xcb aTPRcX^] | WT bPXS 3Xë[X ^] cWT ^cWTa WP]S bPXS WT fPb WTPa X]V PQ^dc cWT QaXQT P[[TVPcX^]b Uâ cWT UXabc cX\T {8c Xb cWT UXabc cX\T 8zeT WTPaS PQ^dc bdRW P cWX]V 8 WPeT]zc bTT] cWT S^Rd\T]c hTc 8 S^]zc Z]^f fWPc PRcdP[[h Xb QTX]V PbbTacTS PQ^dc \T 8 fX[[ \PZT P bcPcT\T]c fWT] 8 bTT cWT S^Rd \T]c | WT bPXS ÒUVCPDWN 6QFC[mU <COCP YKVJ YKTGU

11.08.2008

19:16

Page 1

% C>30HzB I0<0=

6 7 ' 5 & #; # 7 ) 7 5 6

1,, MFBEFS FYQSFTTFT EFTรชSF UP UFTUรชGZ รชO &SHFOFLPO DBTF DPOUรชOVFE GSPN QBHF

/PU KVTU QPMJUJDT CVU B MPU PG NPOFZ CWT X]SXRc\T]c [Xbcb P ]d\QTa Û _^[XcXRP[[h \^cXePcTS PbbPbbX]PcX^]b PccPRZb P]S ^cWTa PRcXeXcXTb bdRW Pb âVP]XiX]V bTT\X]V[h RXeX[ XP] aP[[XTb Pb _Pac Û 4aVT]TZ^]zb d[caP]P cX^]P[Xbc b^RXP[ T]VX]TTaX]V _[P]b Qdc cWT T]â\^db UX]P]RXP[ aTb^daRTb Û cWT Va^d_ P[b^ `dP[XUh Xc Pb P \PYâ RaX\T ]TcfâZ 0 [TccTa U^d]S X] cWT W^\T Û 4aVT]TZ^] bdb_TRc :รกร รกZ fWXRW Xb PSSaTbbTS c^ WX\ X] Uâ\b cWT Uâ\Ta VT]TaP[ Û P VP]V Uâ\TS QT cfTT] cWT \X[XcPah cWT _^[XRT P]S _^[XcXRXP]b X] cWT b^dcWTPbcTa] RXch Û 7PcPh CWXb [TccTa WPb P[b^ QTT] \PST _Pac Û cWT X]SXRc\T]c PVPX]bc 4aVT]TZ^] CWXb [TccTa fPb faXccT] X] cWT hTPa ((% fWT] :รกร รกZ fPb bcX[[ P \T\QTa Û cWT Pa\h P]S bTaeX]V X] cWT B^dcWTPbc 0RRâSX]V c^ cWT [TccTa cWXb VP]V fWXRW â VP]XiTS cWT b\dVV[X]V Û Tg_[^bXeTb P]S ^cWTa V^^Sb X]c^ CdaZTh \PST " $ QX[[X^] X] cWTXa STP[X]Vb CWT VP]V fPb P[[TVTS[h [TS Qh 6T] 4cWT\ 4aSPรช fW^ aTcXaTS X] ! & P]^cWTa \P]

%RGENEKONยฎSUSPECTSยฎLATEยฎBUSINESSMANยฎ+UDDUSIยฎ/KKยชRยฎ , ยฎANDยฎFORMERยฎARMYยฎOFFICERSยฎRETIREDยฎ#APT ยฎ-UZAFFERยฎ4EKINยฎ 2 ยฎANDยฎRETIREDยฎ#OL ยฎ&IKRETยฎ+ARADAยฌยฎ - ]P\TS 0QSรก[ZPSXa 4ah [\Pi P]S 2^[ 2T]VXi H [S a \ fW^ fPb TPa[XTa bdb_TRcTS Û VP]V X] e^[eT\T]c SdaX]V P] X]eTbcXVPcX^] X] ((% 4aSPรช fPb caXTS Pc P \X[XcPah R^dac X] ! & CWT [TccTa bPhb ^]RT 4aSPรช fPb _a^\^cTS c^ R^\\P]STa Û cWT "aS 0a\h 2â_b X] cWT aT VX^] WT bcPacTS {P__^X]cX]V WXb ^f] \T]| c^ _^bcb X] cWT aTVX^] 8c ]^cTb cWPc 2P_c AP\PiP] CdaP] fPb _a^\^cTS c^ WTPS Û cWT 6T]SPa\TaXT X]cT[[XVT]RT d]Xc X] 7PcPh 2^[ 5TaP\di :รกร รกZ P]^cWTa UaXT]S Û 4aSPรช fPb PbbXV]TS c^ cWT 7PcPh ?aêX]RXP[ 6T]SPa\TaXT CWT VP]V P[b^ WPS bca^]V TR^]^\XR cXTb c^ P [^ RP[ caXQT Z]^f] Pb cWT IT[[dWb cWT [TccTa bPhb CWT cTgc STcPX[b cWT ]P\Tb Û R^[^]T[b RP_cPX]b P]S ^cWTa ÛUXRTab X]e^[eTS X] X[[TVP[ caPST {4eTahQ^Sh _TaUâ\b WXb a^[T _TaUTRc [h 8c Xb _aPRcXRP[[h X\_^bbXQ[T Uâ <รงC ]^c c^ QT PfPaT Û cWTbT PRcXeXcXTb* W^fTeTa <รงC

aT\PX]b ^dcbXST Û cWXb cTP\ | CWT ]P\Tb Û ÛUXRTab P ST_dch _^[XRT RWXTU X] 7PcPh P]S TeT] _^[XcXRXP]b X]R[dS X]V =PcX^]P[Xbc <êT\T]c ?Pach <7? ST_dch CdaP] ยฌXaZX] PaT RXcTS X] cWT [TccTa Pb QTX]V \T\QTab Û cWT VP]V

#BDLHSPVOE PG &SHFOFLPO QSPCF CWT TgXbcT]RT Û 4aVT]TZ^] P QTWX]S cWT bRT]Tb ]TcfâZ PccT\_cX]V c^ dbT b^RXP[ P]S _bhRW^[^VXRP[ T]VX]TTaX]V c^ bWP_T cWT R^d] cah X] PRRâSP]RT fXcW Xcb ^f] d[caP]PcX^]P[Xbc XST^[^Vh WPb [^]V QTT] bdb_TRcTS Qdc cWT RdaaT]c X]eTbcXVPcX^] X]c^ cWT Va^d_ QTVP] ^][h X] ! & fWT] P W^dbT X] รงbcP]Qd[zb ร \ aP]XhT SXbcaXRc cWPc fPb QTX]V dbTS Pb P] Pa\b ST_^c fPb SXbRêTaTS Qh _^[XRT CWT X]eTbcXVPcX^] fPb Tg_P]STS c^ aTeTP[ T[T\T]cb Û fWPc X] CdaZTh Xb RP[[TS cWT STT_

4VTVSMVL GSJFOET TUJMM JO UPVDI XFEEJOH TIPXT ?^[XcXRXP]b P]S _dQ[XR UXVdaTb X]e^[eTS X] cWT ((% Bdbda[dZ PUUPXa fWXRW Tg_^bTS [X]Zb QTcfTT] cWT CdaZXbW bcPcT cWT RaX\X]P[ d] STafâ[S P]S CdaZXbW bTRdaXch UâRTb fTaT X] c^dRW cWXb fTTZT]S Uâ cWT RT[TQaPcX^] Û cWT fTSSX]V Û P \dcdP[ PR`dPX]cP]RT CWT ]T_WTf Û <TaP[ ยฌPc[ cWT fXS^f Û ]PcX^]P[Xbc RaX\X]P[ 0QSd[[PW ยฌPc[ P [TPSTa Û cWT d[caP ]PcX^]P[Xbc 6aTh F^[eTb Va^d_ V^c \PaaXTS ^] Bd]SPh CWT Bdbda[dZ X] RXST]c WPS aTeTP[TS cWPc 0QSd[[PW ยฌPc[ PRcdP[[h fâZTS Uâ cWT bcPcT 5â\Ta ?^[XRT 2WXTU <TW\Tc 0รชPa P[b^ cWT X]cTaXâ \X]XbcTa Pc cWT cX\T fW^ Xb RdaaT]c[h UPRX]V P] X]eTbcXVP cX^] êTa cWT Bdbda[dZ PUUPXa P]S ^cWTa UXVdaTb X]e^[eTS X] cWT bRP]SP[ bT]c faTPcWb c^ cWT fTSSX]V 7รกbThX] :^RPSPรช P Uâ\Ta _^[XRT RWXTU BTSPc 1dRPZ P b^dcWTPbcTa] caXQP[ [TPSTa fW^bT \T] fTaT Pa\TS Qh cWT bcPcT c^ UXVWc bT_PaPcXbc eX^[T]RT P]S 0QSd[[PW ยฌPc[ P] X]cTa]PcX^]P[[h fP]cTS \PUXP Q^bb fTaT X]e^[eTS X] P] PRRXST]c X] ((% ]TPa cWT b\P[[ c^f]bWX_ Û Bdbda[dZ fWX[T aXSX]V X] cWT bP\T RPa :^RPSPรช 0QSd[[PW ยฌPc[ P]S WXb VXa[UaXT]S P Uâ\Ta \^ST[ fTaT ZX[[TS X] cWT PRRXST]c =^ bTaX^db PaaTbcb U^[[^fTS Ua^\ cWT T]bdX]V X] eTbcXVPcX^] fWXRW WPS PRcdP[[h Tg _^bTS Uâ cWT UXabc cX\T X] \^STa] CdaZXbW WXbcâh P VP]V fXcW [X]Zb c^ cWT bcPcT ATcXaTS 1aXV 6T] ET[X :รกร รกZ fW^ Xb RdaaT]c[h X] YPX[ êTa bdb_TRcTS \T\QTabWX_ X] P bWPS^fh VP]V Z]^f] Pb 4aVT]TZ^] fPb ST cPX]TS Qdc cWT] aT[TPbTS X] cWT

C DKNKEK"VQFC[U\COCP EQO

?7>C>

>]T Û cWT XbbdTb ยปRP[P] bPXS WT f^d[S [XZT c^ X]Uâ\ cWT _a^bTRdcâ Û Xb P _a^_^bP[ ^]RT \PST c^ WX\ c^ PbbPbbX]PcT CP]bd ยฌX[[Ta WTPS Û cWT CadT ?PcW ?Pach 3H? R^P[XcX^] VêTa]\T]c fWXRW ad[TS QTcfTT] ((" P]S (($ ยปRP[P] R[PX\TS cWPc X]SXeXSdP[b aT[PcTS c^ CdaZThzb STT_ bcPcT â 4aVT]TZ^] WPS ^]RT R^]cPRcTS WX\ bPhX]V cWTh fTaT _[^c cX]V c^ PbbPbbX]PcT ยฌX[[Ta P]S _a^_^bTS cWPc cWT ?:: R^d[S R[PX\ aTb_^]bXQX[Xch {8 aTYTRcTS cWXb ÛUTa | ยปRP[P] bPXS 7T P[b^ ]^cTS cWPc WT f^d[S [XZT c^ bWPaT X\_âcP]c X]Uâ\PcX^] ^] ET[X :รกร รกZ P aTcXaTS VT]TaP[ RdaaT]c[h X] YPX[ Pb P bdb_TRcTS 4aVT]TZ^] [TPSTa P]S ^] b^\T Û cWT X]RXST]cb cWPc ^RRdaaTS X] CdaZThzb :daSXbW S^\X]PcTS B^dcWTPbc fWTaT cWT ?:: WPb QTT] fPVX]V P eX^[T]c bT_PaPcXbc RP\_PXV] PVPX]bc CdaZThzb bTRdaXch UâRTb bX]RT cWT y' b ยปRP[P] P[b^ bPXS WT f^d[S [XZT c^ aTb_^]S c^ b^\T Û cWT P[[TVPcX^]b cWPc cWT ?:: fPb RêTac[h bd__âcTS Qh bWPSh T[T\T]cb fXcWX] cWT CdaZXbW bcPcT 7^fTeTa WT P[b^ ]^cTS cWPc WT SXS ]^c Tg_TRc cWT _a^bTRdcâ c^ PVaTT c^ WTPa WXb cTbcX\^]h {CWTh f^d[S]zc QT _^bXcXeT PQ^dc \h cTbcXUhX]V | WT bPXS ยปRP[P] bcPcTS cWPc WT Z]Tf cWTaT fTaT PccT\_cb c^ X]UX[caPcT cWT ?:: bX]RT cWT [PcT y& b Qdc WT ST]XTS P[[T VPcX^]b cWPc WT â cWT ?:: fTaT P _a^YTRc Û cWT =PcX^]P[ 8]cT[[XVT]RT >aVP]XiPcX^] <รงC

Bdbda[dZ X]eTbcXVPcX^] :รกร รกZ Xb ]^c cWT ^][h [X]Z QTcfTT] cWT Bdbda[dZ PU UPXa P]S 4aVT]TZ^] fW^bT bdb_TRcTS [TPSTab P]S \T\QTab RdaaT]c[h UPRT RWPaVTb Û {\T\QTabWX_ X] P] Pa\TS cTaaâXbc Va^d_ | {PccT\_cX]V c^ QaX]V S^f] cWT VêTa]\T]c | {X]RXcX]V _T^ _[T c^ aTQT[ PVPX]bc cWT AT_dQ[XR Û CdaZTh| P]S ^cWTa bX\X[Pa RaX\Tb 8] PSSXcX^] c^ 0รชPa P]S 4SX_ 1dRPZ P aT[PcXeT Û BTSPc 1dRPZ HPรซPa ยปi Uâ\Ta[h P bdb_TRc X] cWT Bdbda[dZ PUUPXa P]S RdaaT]c[h X] YPX[ Uâ bdb_TRc TS X]e^[eT\T]c X] 4aVT]TZ^] bT]c U[^fTab c^ cWT fTSSX]V 8] 5TQadPah Û cWXb hTPa RWPaVTb fTaT UX[TS PVPX]bc 0รชPa Uâ {TbcPQ[XbW X]V P] Pa\TS âVP]XiPcX^] Uâ cWT _da_^bT Û R^\\XccX]V RaX\Tb UPX[X]V c^ X]Uâ\ PdcWâXcXTb PQ^dc cWT fWTaTPQ^dcb Û P bdb_TRc PXSX]V P]S PQTccX]V VaP]cX]V UXaTPa\ _Ta\Xcb c^ 0QSd[[PW ยฌPc[ P]S HPรซPa ยปi X] eX^[P cX^] Û cWT [Pf T]bdaX]V cWT VaP]cX]V Û bT]Xâ _dQ[XR bTaeP]c _Pbb_âcb c^ ยฌPc[ P]S ยปi X] R^]caPeT]cX^] Û cWT [Pf P]S STaT[XRcX^] Û VdQTa]PcâXP[ Sdch | 0รชPa fW^ bTaeTS Pb VêTa]â Û 4aidad\ X] ((! fPb P__^X]cTS Qh cWT] ?aX\T <X]XbcTa CP]bd ยฌX[[Ta Pb WTPS Û cWT =PcX^]P[ ?^[XRT 5âRT X] ((" 7T fPb cWT X]cTaXâ \X]XbcTa Û cWT ยฌX[[Ta [TS R^P[XcX^] VêTa] \T]c X] ((% d]cX[ WT fPb UâRTS c^ aTbXV] PUcTa cWT Bdbda[dZ bRP]SP[ 0รชPa fPb T[TRcTS c^ ?Pa[XP\T]c X] ! ! fWXRW VPeT WX\ cWT _a^cTRcX^] Û _Pa[XP\T]cPah X\\d]Xch d]cX[ 9d[h !! ! & fWT] cWT _Pach WT [TS cWT 3T\^RaPc ?Pach 3? UPX[TS c^ _Pbb cWT T[TRcX^] cWaTbW^[S ร UVCPDWN 6QFC[mU <COCP

$. : ,

bcPcT UX]P[[h _aêX]V cWT TgXbcT]RT Û cWT ]Tc fâZ fWXRW Xb RdaaT]c[h QTX]V PRRdbTS Û cahX]V c^ X]RXcT RWP^b P]S SXbâSTa X] âSTa c^ caXVVTa P R^d_ PVPX]bc cWT 9dbcXRT P]S 3TeT[^_\T]c ?Pach 0: ?Pach VêTa]\T]c CWT X]SXRc\T]c \PST _dQ[XR [Pbc \^]cW X]SXRPcTb cWPc 4aVT]TZ^] fPb QTWX]S P bTaXTb Û _^[XcXRP[ PbbPbbX]PcX^]b êTa cWT _Pbc cf^ STRPSTb CWT Va^d_ Xb P[b^ bdb_TRcTS Û QTX]V QTWX]S cWT \daSTa Û 7aP]c 3X]Z P CdaZXbW 0a\T]XP] Y^da]P[Xbc ZX[[TS Qh P cTT]PVTa X] ! & 4XVWch bXg bdb_TRcb #& Û fW^\ PaT RdaaT]c[h d]STa PaaTbc PaT PRRdbTS Û WPeX]V bdb_XRX^db [X]Zb c^ cWT VP]V Bdb_TRcb fX[[ bcPac P__TPaX]V QTUâT cWT R^dac ^] >Rc ! P]S fX[[ UPRT PRRdbPcX^]b cWPc X] R[dST {\T\QTabWX_ X] P] Pa\TS cTaaâXbc Va^d_ | {PccT\_cX]V c^ QaX]V S^f] cWT Vê Ta]\T]c | {X]RXcX]V _T^_[T c^ aTQT[ PVPX]bc cWT AT_dQ[XR Û CdaZTh| P]S ^cWTa bX\X[Pa RaX\Tb

=0C8>=0;

013ร ;70<รงC 1รง;รง2รง

C>30HzB I0<0=

T06-12-08-08.qxd

3VTTรชBO TPMVUรชPO UP B HMPCBM GรชHIU

CWT RaXbXb cWPc Tad_cTS X] B^dcW >bbTcXP fPb ]^cWX]V bda_aXbX]V CWXb fPb QTRPdbT cWTaT WPeT QTT] Q[PRZ R[^dSb WêTaX]V êTa cWXb aTVX^] X] fWXRW CdaZTh Xb [^RPcTS Pc Xcb RT]cTa _dbWTS ^] Qh cWT fX]Sb Q[^fX]V Ua^\ :^bê^ c^ >bbTcXP Ua^\ cWT T]TaVh bcadVV[Tb X] cWT 2Pb_XP] aTVX^] c^ cWT 8aP] P]S 8aP` RaXbTb Ua^\ cWT SXb_dcTb êTa \XbbX[T bWXT[Sb c^ cWT Tg_P]bX^] Û =0C> 0RcdP[[h cWXb P__[XTb ]^c ^][h c^ ^da aTVX^] Qdc P[b^ c^ cWT T]cXaT fâ[S CWT âSTa Û Wâaâ SXbad_cTS Qh cWT T]S Û cWT 2^[S FPa fPb ]^c aT_[PRTS Qh P ]Tf âSTa >] ^]T WP]S cWTaT Xb cWT d]X_^[Pa fâ[S âSTa bdVVTbcTS Qh cWT DB [TS Qh 1dbW 9a >] cWT ^cWTa bXST cWTaT Xb P bTPaRW Qh R^d]caXTb cWPc WPeT Va^f] bca^]VTa cWP] TeTa Uâ P \d[cX _^[Pa fâ[S âSTa CWXb \Ph QT PccaXQdcTS X] _Pac c^ cWT UPRc cWPc cWT 2^[S FPa T]STS X] P cadRT ]^c P _TPRT caTPch <P]h RaXbTb X]R[dSX]V cW^bT X] 1^b]XP P]S =PVâ]^ :PaPQPZW WPeT QTT] _dc ^] XRT Uâ P [^]V cX\T CWT U^d]SPcX^]b Û cWXb Ra^^ZTS âSTa fTaT [PXS Qh cWT fX]]Tab Û Fâ[S FPa 88 5â X]bcP]RT cWT UPRc cWPc 6Ta\P]h P]S 9P_P] PaT ]^c \T\QTab Û cWT D= BTRdaXch 2^d]RX[ P[cW^dVW cWTh PaT ^] _Pa fXcW cWT D: P]S 5aP]RT X] cTa\b Û bcaT]VcW RP] ^][h QT Tg _[PX]TS Qh cWT UPRc cWPc cWTh fTaT [^bTab X] cWT fPa 2WX]P P]S AdbbXP fWXRW WPeT eTc^ _^fTa ^] cWT R^d]RX[ 8]SXP 6Ta\P]h 9P_P] P]S 8aP] P]S \P]h ^cWTa R^d]caXTb bTTZ P UPXaTa fâ[S âSTa CWTbT R^d] caXTb TXcWTa bW^f cWTXa aTPRcX^]b ^_T][h â VPcWTa bcaT]VcW d]cX[ cWT SPh cWTh fX[[ _[Ph cWTXa RPaSb >]T Û cWTbT R^d]caXTb bTTZX]V P ]Tf fâ[S âSTa Xb AdbbXP fWXRW fPb d]cX[ aTRT]c[h ^]T Û cWT cf^ fâ[S _^[Tb AdbbXP SXbX]cTVaPcTS PUcTa cWT 1Ta[X] FP[[ fPb câ] S^f] P]S fT]c cWa^dVW WPaS cX\Tb fWTaTX] Xc R^d[S ]^c TeT] _Ph T\_[^hTT _T]bX^]b 1dc ]^f Xc Xb Û cWT ^_X]X^] cWPc cWT RdaaT]c âSTa fPb TbcPQ[XbWTS fXcW^dc AdbbXP] X] e^[eT\T]c P]S Xc WPb QTT] STRTXeTS Qh _[TSVTb Uâ V[^QP[ _TPRT e^XRTS X] cWT TPa[h (( b AdbbXP bTTb Xc Pb TeXST]RT Û cWXb STRT_cX^] cWPc =0C> bcX[[ Tg Xbcb fWX[T Xcb aXeP[ FPabPf ?PRc WPb [^]V SXbX]cT VaPcTS P]S fWPczb \âT Xc caXTb c^ Tg_P]S Xcb Qâ STab STT_ X]c^ Uâ\Ta[h AdbbXP R^]ca^[[TS PaTPb =TeTacWT[Tbb AdbbXP fWXRW WPb cX\T i^]Tb Ua^\ Xcb TPbcTa] T]S c^ Xcb fTbcTa] T]S P bdaUPRT PaTP !! cX\Tb [PaVTa cWP] cWPc Û CdaZTh [PaVT T]TaVh aT b^daRTb P aXRW Rd[cdaP[ [TVPRh P]S P bca^]V ]PcX^]P[ XST]cXch fP]cb Xcb e^XRT c^ QT WTPaS X] X]cTa]PcX^]P[ PUUPXab 8c fP]cb c^ b^\TcX\Tb _[Ph cWT T]TaVh RPaS b^\TcX\Tb cWT :^bê^ RPaS b^\TcX\Tb cWT 0QZWPiXP RPaS P]S b^\TcX\Tb cWT >bbTcXP RPaS X] âSTa c^ VTc cWXb e^XRT WTPaS FWX[T Xc RPaTUd[[h Pe^XSb P]h _^[XRh Û PccaXcX^] fXcW cWT FTbc <^bR^f WPb bXSTS fXcW cWT R^d]caXTb bTTZX]V \d[cX _^[PaXch bdRW Pb 2WX]P P]S 8aP] fXcWX] cWT UaP\TfâZ Û cWT BWP]VWPX 2^^_TaPcX^] >aVP]XiPcX^] B2> ^QYTRcTS c^ =0C> \T\QTabWX_ Û DZaPX]T P]S 6TâVXP STeT[^_TS \Xa PR[T fTP_^]b bhbcT\b cWPc f^d[S X]eP[XSPcT cWT DB STUT]bT bhbcT\b P]S aTX]ca^SdRTS U[XVWcb êTa cWT _^[Pa aTVX^]b X] âSTa c^ RWP[[T]VT cWT RdaaT]c âSTa 1h [T]SX]V bd__âc c^ cWT BTaQb fW^ fTaT PRRdbTS Qh cWT T]cXaT fâ[S Û VT]^RXST X] cWT :^bê^ P]S 1^b]XP RaXbTb bd__âcX]V cWT bT_P aPcXbc Va^d_b X] 6TâVXP P]S 0iTaQPXYP] P]S dbX]V ]PcdaP[ VPb Pb P fTP_^] AdbbXP Xb Q^cW \PZX]V XcbT[U d][XZPQ[T P]S YdbcXUhX]V =0C>zb aPXb^] Szร caT HTc ^]T RP]]^c ST]h cWT a^[T Û cWT fâ[S eXbX^] aT_aTbT]cTS Qh 1dbW X] cWT fPh AdbbXP PRcb 8]STTS cWT 1dbW S^RcaX]T d][XZT cWT ^]T _da_âc TS Qh 2[X]c^] PaVdTb cWPc cWT fâ[S bW^d[S QT ad[TS ^][h Qh cWT DB P]S cWPc cWT DB bW^d[S STeT[ ^_ P] Pa\P\T]c cTRW]^[^Vh cWPc Xcb aXeP[b R^d[S ]^c R^\_TcT fXcW TeT] XU cWTh P[[ R^[[PQâPcTS CWXb ]Pc daP[[h SaXeTb cWT fâ[S c^ cWT TSVT Û RaPiT ?aTeX^db[h 2[X]c^] WPS cW^dVWc cWPc cWT DB f^d[S TeT]cdP[[h [^bT bcaT]VcW P]S WPeT c^ ad[T cWT fâ[S c^VTcWTa fXcW ^cWTa _^fTab 8] WXb eXTf fWPc cWT DB bW^d[S S^ fPb c^ X]bcTPS Û PccT\_c X]V c^ ad[T cWT fâ[S ^] Xcb ^f] T]bdaT cWPc cWT f^d[S QT _Pac]Tab bWPaT R^\\^] eP[dTb bdRW ST\^RaPRh P]S Wd\P] aXVWcb AdbbXPzb aTb_^]bT c^ cWXb eXbX^] cWPc fPb Qa^dVWc c^ PVT]SP Qh 2[X]c^] X] cWT [PcT (( b RP\T cW^dVW P QXc [PcT Ua^\ ]Tf AdbbXP] [TPSTa 3\Xcah <TSeTSTe fW^ Pbbd\TS ÛUXRT X] <Ph CWT ÛUTa \PST Qh <TSeTSTe SdaX]V WXb eXbXc c^ 6Ta\P]h X] TPa[h 9d]T _aêXSTS Uâ P caP]bPc[P]cXR _TPRT _PRc cWPc f^d[S aT_[PRT cWT 2^[S FPa caTPcXTb <TSeTSTe X\_[XTS cWPc cWT \X[XcPah Tg_P]bX^] Qh =0C> P]S cWT DB fPb SXbP__^X]cX]V <^bR^f P]S f^d[S TeT] cdP[[h P]S aPSXRP[[h d]STa\X]T aT[PcX^]b QTcfTT] 4Pbc P]S FTbc bdVVTbcX]V P[b^ cWPc P 4da^ 0c[P]cXR _TPRT PVaTT\T]c QT _aT_PaTS \^ST[TS PUcTa cWT 2WPacTa Û cWT >aVP]XiPcX^] Uâ BTRdaXch P]S 2^^_TaPcX^] X] 4da^_T >B24 c^ X]R[dST cWT T]cXaT 0c[P]cXR P]S 4daPbXP Ua^\ EP]R^deTa c^ E[PSXe^bc^Z CWT DB 2P]PSP 4D P]S ]^] 4D 4da^_TP] R^d] caXTb P]S AdbbXP f^d[S bXc Pc cWT bP\T cPQ[T 8c Xb WPaS Uâ db c^ UX]S ^dc fWTcWTa cWXb ÛUTa Xb P bX]RTaT eXbX^] â P] PccaPRcX^] X] cWT VP\T Û _^f Ta 1dc Xc Xb ^QeX^db cWPc Q^cW ^da aTVX^] P]S cWT ^[S P]S bcaPX]TS fâ[S ]TTS P cadT eXbX^] Û _TPRT

T07-12-08-08.qxd

11.08.2008

19:18

Page 1

1DB8=4BB

C>30HzB I0<0= &

6 7 ' 5 & #; # 7 ) 7 5 6

Turkýsh experýence wýth bankýng crýses resolutýon <DA0C HÁ;4: O [WNGM"VQFC[U\COCP EQO

8] ! CdaZTh Tg_TaXT]RTS cWT X]UP\^db QP]ZX]V RaXbTb cWPc c^VTcWTa R^bc cWT R^d]cah P [^c Û \^]Th 8] RdaaT]c cX\Tb fWT] cWT DB Xb fXc]TbbX]V QP]Z STUPd[cb Xc \Ph QT fâcWfWX[T c^ aT\T\QTa CdaZTh b Tg_TaXT]RT fXcW QP]ZX]V RaXbTb P]S cWT R^bcb Û cWTbT RaXbTb c^ cWT R^d]cah 5^[[^fX]V cWT ! QP]ZX]V RaXbTb cWT BPeX]Vb 3T_^bXc 8]bdaP]RT 5d]S C<B5 PR`dXaTS ! _aXePcT QP]Zb c^VTcWTa fXcW cWTXa [XPQX[XcXTb CWTbT [XPQX[XcXTb c^cP[TS "! QX[[X^] Û fWXRW !% QX[ [X^] fPb \PST d_ Û ST_^bXcb BX\d[cP]T^db[h cf^ [PaVT bcPcT QP]Zb IXaPPc P]S 7P[Z WPS c^ QT aTRP_XcP[XiTS U^[[^fX]V cWT PRRd\d[PcX^] Û [PaVT _^[XRh [^bbTb êTa cWT _aTRTSX]V hTPab

5VSLFZmT SFTPMVUJPO FYQFSJFODF ATeT]dTb P]S cWdb [X`dXS aTb^daRTb Û cWT C<B5 PaT VT]TaPcTS cWa^dVW cWT ST_^bXc X]bdaP]RT _aT\Xd\b _PXS Qh cWT ST_^bXc QP]Zb X]c^ cWT bhbcT\ 0[[ ST_^bXc R^[[TRcX]V QP]Zb P]S _PacXRX_PcX^] QP]Zb X] CdaZTh PaT ^Q[XVPcâh \T\QTab Û cWT Ud]S 0b P]P[hiTS Qh QP]ZTab <TcT 1d\X] P]S 5TaWd] 0cTë X] cWT aTb^[dcX^] Û cWT QP]ZX]V RaXbTb cWT C<B5 ^QeX^db[h ]TTSTS [PaVT bd\b Û _dQ[XR Ud]Sb bXV]XUXRP]c[h PQêT Xcb aTPSh aTb^daRTb CWTbT Ud]Sb fTaT _aêXSTS c^ cWT C<B5 Qh cWT 2T]caP[ 1P]Z Û CdaZTh

P]S cWT CaTPbdah P]S [TS c^ P WdVT PRRd\d[PcX^] Û C<B5 [XPQX[X cXTb QTRPdbT Û Q^cW cWT PRcdP[ Qâa^fX]Vb P]S cWT bcPcdcâh Pb fT[[ Pb _T]P[ch X]cTaTbc aPcTb RWPaVTS Qh cWT CaTPbdah 5d]Sb _aêXSTS Qh cWT RT]caP[ QP]Z fTaT X] cWT Uâ\ Û \TSXd\ cTa\ PSeP]RTb fXcW cTa\b aP]VX]V Ua^\ ^]T c^ cf^ hTPab CWTbT RT]caP[ QP]Z PSeP]RTb c^cP[X]V " QX[[X^] fTaT \PST X] ePaX^db X]bcP[[\T]cb QTcfTT] ! P]S ! # P]S aT_PXS fW^[[h Qh cWT C<B5 Qh ! $ BX\d[cP]T^db fXcW cWT RT]caP[ QP]Z cWT C<B5 P[b^ Qâa^fTS !$ ' QX[[X^] Ua^\ cWT CaTPbdah CWTbT Qâa^fX]Vb fTaT \PST QT cfTT] cWT hTPab ! P]S ! # X] cWT Uâ\ Û CaTPbdah QX[[b b_TRXP[[h XbbdTS Qh cWT CaTPbdah P]S WP]STS êTa c^ cWT C<B5 FWX[T cWT C<B5 WPb \PST P bXV]XUXRP]c P\^d]c Û aT_Ph\T]c b^ UPa Xc bcX[[ ^fTb P R^]bXSTaPQ[T bd\ c^ cWT CaTPbdah 1TcfTT] ! P]S ]^f cWT C<B5 VT]TaPcTS aTb^[dcX^] aTeT]dTb Û $ ' QX[[X^] <^bc Û cWTbT aTeT]dTb fTaT Ua^\ cWT ]^] _TaUâ\X]V [^P]b Û cWT PR`dXaTS QP]Zb CWT C<B5 VT]TaPcTS aTeT]dTb cWa^dVW SXaTRc PbbTc bP[Tb Pb fT[[ 8] PSSXcX^] c^ cWT aT_Ph\T]c Û cWT RT]caP[ QP]Z P]S cWT CaTPbdah cWT C<B5 P[b^ WPS c^ \PZT _Ph\T]cb c^ cWT VêTa]\T]c PVPX]bc cWT b^RXP[ bTRdaXch P]S cPg ^Q[XVPcX^]b Û cWT QP]Zb P]S cWT R^\_P]XTb X] fWXRW cWT _aTeX^db QP]Z ^f]Tab WPS bcPZTb >dc Û cWT C<B5 b aT_Ph\T]cb d]cX[ 5TQadPah ! ' Û % QX[[X^] # QX[ [X^] fPb \PST c^ cWT RT]caP[ QP]Z _aX]RX_P[ _[db X]cTaTbc & ' QX[ [X^] fPb \PST c^ cWT CaTPbdah Pb [^P] aT_Ph\T]c P]S P]^cWTa % " QX[[X^] c^ cPg PdcWâXcXTb P]S b^RXP[ bTRdaXch X]bcXcdcX^]b 8] cWT _a^RTbb ^cWTa cWP] R^[[TRcX^] Û [^P]b cWT C<B5 WPS c^ X\_[T\T]c ]d\Ta^db ^_TaPcX^]b X]R[dSX]V QP]Z \TaVTab QP]Z [X RT]bT bP[Tb QP]Z [X`dXSPcX^]b UâTR[^bdaTb P]S PbbTc bP[Tb

" DPTUMZ WFOUVSFd CWT QP]ZX]V aTb^[dcX^] _a^RTbb Û ! ! # R^bc CdaZXbW cPg_PhTab !& QX[[X^] 4`dXeP[T]c c^ ( % _TaRT]c Û CdaZTh b PeTaPVT Va^bb S^ \TbcXR _a^SdRc 63? SdaX]V cWPc _TaX^S cWXb UXVdaT S^Tb ]^c X]R[dST cWT bXV]XUXRP]c R^bc Û aTRP_XcP[XiPcX^] Û cWT cf^ bcPcT QP]Zb IXaPPc P]S 7P[Z 8c P[b^ S^Tb ]^c X]R[dST cWT CaTPbdah b R^bc Û UX]P]RX]V CWT C<B5 Pb cWT aTb^[dcX^] PVT]c fPb PQ[T c^ VT]TaPcT % QX[[X^] bX]RT ! CWT SXUUTaT]RT QX[[X^] Xb T`dXeP[T]c c^ ' _TaRT]c Û ! & 63? `dXcT P bd\ CWT C<B5 b [XPQX[XcXTb c^ cWT CaTPbdah bfT[[TS aP_XS[h c^ &$ QX[ [X^] Pc cWT T]S Û ! ' SdT c^ cWT bcPcdcâh P]S _T]P[ch X]cTaTbc aPcTb =^f cWT VêTa]\T]c Xb fâZX]V ^] P faXcT ÛU

5VSLJTI CVTJOFTT JOUFSFTUT BU TUBLF JO 3VTTJB (FPSHJB DPOGMJDU ?7>C>

2ç70=

DPOUêOVFE GSPN QBHF

;^]V [X]Tb Û bT\Xb fPXcTS ^] cWT CdaZXbW bXST Û cWT CdaZXbW 6TâVXP] QâSTa PfPXcX]V ]Tfb cWPc cWT UXVWcX]V fPb êTa P]S cWPc Xc fPb bPUT c^ caP]bXc 6TâVXP 0c aXbZ PaT VPb P]S ^X[ _X_T[X]Tb caPeTabX]V 6TâVXP P]S CdaZTh fXcW cWT X]UaPbcadRcdaT Û fWXRW CdaZTh W^_Tb c^ QTR^\T P] T]TaVh WdQ Uâ 4da^_T CdaZTh UTPab cWT X]bcPQX[Xch \XVWc STcTa _^ cT]cXP[ X]eTbcâb Ua^\ b_^]bâX]V _X_T[X]Tb 6TâVXP b X\_âcP]RT Pb P caP]bXc bcPcT fX[[ X]RaTPbT XU FTbcTa] R^\_P]XTb X]eTbc X] CdaZ\T]XbcP] b VPb UXT[Sb P]S [^^Z Uâ P] Tg_âc a^dcT PRa^bb cWT 2Pb_XP] BTP Qh Qh_PbbX]V AdbbXP CWT 1C2 ^X[ _X_T[X]T [TS Qh 1? ^_T]TS X] ! % P]S RP] _d\_ d_ c^ \X[[X^] QPaaT[b P SPh Û 0iTaQPXYP]X RadST ^X[ c^ cWT CdaZXbW _âc Û 2ThWP] CWT 1C2 [Pbc fTTZ fPb P[[TVTS[h cPaVTc TS Qh cWT cTaaâXbc :daSXbcP] FâZTab ?Pach ?:: P]S ]TPa[h & c^]b Û ^X[ Qda]TS AdbbXP] ÛUX RXP[b bPXS hTbcTaSPh cWTh S^ ]^c X]cT]S c^ SP\PVT cWT 1C2 _X_T[X]T Ra^bbX]V 6TâVXP AdbbXP] 0\QPbbPSâ c^ 0iTaQPXYP] EPbX[X 8bcaPcê bPXS Pc P _aTbb R^]UTaT]RT cWPc AdbbXP Z]^fb cWT bcaPcTVXR X\_âcP]RT Û cWT _X_T[X]T Uâ ]TXVWQâX]V R^d] caXTb P]S cWPc Xc fP]cTS c^ _a^cTRc cWT _X_T[X]T CWT 1PZd CQX[XbX 4aidad\ VPb _X_T[X]T cPZTb VPb Ua^\ cWT BWPW 3T]Xi VPb UXT[S X] cWT 2Pb_XP] BTP c^ 4aidad\ X] CdaZTh CWT _X_T[X]T Y^X]c[h ^_TaPcTS Qh 1? P]S BcPc^X[ QTVP] Tg_âcb c^ CdaZTh X] ! & 5^[[^fX]V ePaX^db SXbPVaTT\T]cb fXcW AdbbXP CdaZTh WPb [^^ZTS c^ SXeTabXUh Xcb X\ _âc b^daRTb P]S WPb P\QXcX^]b c^ QT P] T]TaVh WdQ aPcWTa cWP] P caP]bXc ]PcX^] Uâ AdbbXP BcPcT ^f]TS CdaZXbW ?X_T[X]T 2â_âPcX^] 1>C0è Xb _Pac Û P R^]bâcXd\ [TS Qh 0dbcaXP b ><E c^ QdX[S cWT =PQdRR^ _X_T[X]T fWXRW f^d[S caP]b_âc VPb Ua^\ cWT 2Pb_XP] X] 2T]caP[ 0bXP aTSdRX]V ST_T]ST]RT ^] AdbbXP CWT 1[dT BcaTP\ ]PcdaP[ VPb _X_T[X]T R^]]TRcb cWT AdbbXP] bhbcT\ c^ CdaZTh AdbbXP c^VTcWTa fXcW 8cP[XP] ^X[ R^\_P]h 4]X WPb P _a^YTRc c^ TgcT]S 1[dT BcaTP\ c^ b^dcWTa] 4da^_T cWa^dVW CdaZTh fWXRW WPb P[b^ bcPacTS R^]bcadRcX^] fâZ ^] cWT 1PZd

&EARFUL®OF®SUSTAINING®DAMAGE®IN®THE®WAR ®4URKISH®TRUCKS®AVOID®PASSING®TO®THE®OTHER®SIDE®OF®THE®3ARP®GATE ®LOCATED®AT®4URKEYgS®BORDER®WITH®'EORGIA CQX[XbX :Pab 1C: aPX[fPh _a^YTRc c^ R^]]TRc caP]bXc a^dcTb Ua^\ 4Pbc c^ FTbc 0RRâSX]V c^ ;TeT]c <TcX]^ê[d ST_dch SXaTRcâ Û cWT CÁH0? 4gWXQXcX^] 6a^d_ cWT P\^d]c Û caPST QTcfTT] 6TâVXP P]S CdaZTh fPb PQ^dc (#$ \X[[X^] [Pbc hTPa B_TPZX]V c^ C^SPh b IP\P] <TcX]^ê[d bPXS cWPc cWTaT X]STTS fPb P WdVT STeT[ ^_\T]c X] caPST aT[PcX^]b QTcfTT] 6TâVXP P]S CdaZTh P]S cWPc Xc WPS _TPZTS SdaX]V 6TâVXP] ?aTbXST]c <XZWPX[ BPPZPbWeX[X b cT]daT 6TâVXP Xb P[b^ X\_âcP]c bX]RT Xc Xb P VPcTfPh Uâ CdaZTh c^ 0iTaQPXYP] P]S cWT 2T]caP[ 0bXP] R^d]caXTb b^ cWPc ^da X]eTbc\T]cb _[Ph P RadRXP[ a^[T cWTaT WT bPXS <TcX]^ê[d ]^cTS cWPc cWT aTRT]c RaXbXb QTcfTT] 6TâVXP P]S AdbbXP fX[[ ]^c bXV]XUXRP]c[h PUUTRc CdaZXbW TR^]^\XR aT[PcX^]b X] 6TâVXP 8 S^] c cWX]Z cWPc cWT fPa X] 6TâVXP fX[[ _dbW CdaZXbW R^\_P]XTb c^ R[^bT cWTXa QdbX]TbbTb cWTaT 1dbX]TbbTb PaT R^] RTa]TS PQ^dc cWT S^\TbcXR _^[XcXRb Û 6TâVXP 8 S^] c cWX]Z CdaZXbW R^\_P]XTb fX[[ QT PUUTRcTS Qh cWT fPa Pb Xc Xb _aX\PaX[h [X\XcTS c^ B^dcW >bbTcXP WT bPXS 8

S^] c cWX]Z P]h QPS bRT]PaX^b R^d[S QT SaPf] Ua^\ cWXb bXcdPcX^] CdaZXbW R^\_P]XTb fX[[ R^]cX]dT c^ ^_TaPcT X] 6TâVXP Pb QTUâT WT PSSTS CdaZXbW 6TâVXP] 1dbX]Tbb 2^d]RX[ 2WPXa\P] Cdêad[ 4aZX] bPhb CdaZTh ]TTSb 6TâVXP Pb P VPcTfPh c^ ^_T] d_ c^ 0bXP] \PaZTcb P]S CdaZTh P[b^ _[Phb P] X\_âcP]c a^[T Pb 6TâVXP b fX]S^f c^ 4da^_T B_TPZX]V c^ C^SPh b IP\P] 4aZX] _^X]cTS ^dc cWPc TeTah SPh $ cadRZb Ra^bb cWT QâSTa WTPSX]V X]c^ 6TâVXP FT WPeT bXV]XUXRP]c X]eTbc\T]cb X] 6TâVXP cWT [PaVT PXa_âcb X] 1Pcd\X P]S CQX[XbX QTX]V cf^ Û cWT\ 4aZX] bPXS cWT R^]U[XRc \XVWc VaTPc[h SP\PVT TR^]^\XR aT[PcX^]b CaPST X]eTbc\T]c P]S QdbX ]Tbb aT`dXaT P bcPQ[T P]S bTRdaT T]eXa^]\T]c =^f cW^dbP]Sb Û cadRZb PaT fPXcX]V Pc cWT BPa_ QâSTa VPcT c^ Ra^bb X]c^ 6TâVXP 5[XVWcb c^ 1Pcd\X P]S CQX[XbX WPeT QTT] bdb_T]STS CdaZb X] 6TâVXP PaT aTcda]X]V c^ CdaZTh WT bPXS 4aZX] Xb P[b^ RPdcX^db PQ^dc AdbbXP CdaZXbW AdbbXP] aT[PcX^]b bW^d[S QT ZT_c UaXT]S[h WT bPhb

CWT caPST e^[d\T QTcfTT] CdaZTh P]S AdbbXP Xb Tg _TRcTS c^ aTPRW "' QX[[X^] cWXb hTPa 0]h ZX]S Û X] SXRPcX^] bW^fX]V CdaZTh UPeâb 6TâVXP \Ph TPbX[h WPa\ CdaZXbW AdbbXP] aT[PcX^]b WT fPa]TS 7T bdVVTbcTS cWPc CdaZTh aT\PX] ]TdcaP[ X] cWXb R^]U[XRc 8U CdaZTh fP]cb c^ WT[_ 6TâVXP cWXb RP] QT S^]T Qh _aêXSX]V Wd\P]XcPaXP] PXS c^ 0QZWPiXP P]S B^dcW >bbTcXP* ^cWTafXbT AdbbXP] CdaZXbW aT[PcX^]b R^d[S bdUUTa bXV]XUXRP]c[h WT PSSTS 6XâVX 2WT[XSiT cWT VT]TaP[ bTRaTcPah Û cWT 6TâVXP] 4\QPbbh X] 0]ZPaP caXTS c^ _[Ph S^f] cWT SP\PVT cWT R^]U[XRc R^d[S X]U[XRc ^] caPST aT[PcX^]b QTcfTT] CdaZTh P]S 6TâVXP B_TPZX]V c^ C^SPh b IP\P] eXP _W^]T WT bPXS CWXb fX[[ ]^c ]TVPcXeT[h PUUTRc CdaZXbW QdbX]TbbTb X] 6TâVXP 7T fT]c ^] c^ bPh) 1TRPdbT ^da _aTbXST]c Xb P] ^_cX\Xbc WT WPb bdVVTbcTS P RTPbT UXaT PVaTT\T]c c^ AdbbXP 7T fP]cb c^ T]S cWXb R^]U[XRc Pb b^^] Pb _^bbX Q[T =^c \P]h cWX]Vb WPeT RWP]VTS P]S cWT R^]U[XRc Xb V^X]V c^ T]S b^^] 8 cWX]Z

.PEFSOJ[BUJPO PG BMM CPSEFS HBUFT TDIFEVMFE UP FOE JO

2dbc^\b D]STabTRaTcPah 4\X] IPaPab i bPXS hTb cTaSPh cWPc CdaZTh fX[[ WPeT \^STa]XiTS P[[ Û Xcb & QâSTa Ra^bbX]Vb Qh cWT T]S Û ! ( R^]SdRcTS d] STa cWT QdX[S ^_TaPcT caP]bUTa 1>C \TcW^S IPaPab i P[b^ bPXS cWT \^STa]XiPcX^] _a^YTRc fWXRW PX\b c^ cWâ^dVW[h êTaWPd[ _a^RTSdaTb P]S UPRX[XcXTb Pc QâSTa Ra^bbX]Vb WPb aTRTXeTS cWT R^^_TaPcX^] Û cWT CdaZXbW D]X^] Û 2WP\QTab P]S 2^\\^SXch 4gRWP]VTb C>11 CWT ç_bP[P 6áaQd[PZ 7PQda P]S 2X[eTVÛiá Ra^bb X]Vb WPeT P[aTPSh QTT] \^STa]XiTS b^ UPa P]S d_VaPST fâZ Xb R^]cX]dX]V Pc cWT 7P\iPQTh[X BPa_ P]S :P_ Zd[T VPcTb FâZ Pc 7P\iPQTh[X Xb Tg_TRcTS c^ QT R^\_[TcTS X] BT_cT\QTa cWT BPa_ Ra^bbX]V fX[[ QT \^STa]XiTS Qh >Rc !( P]S :P_ Zd[T fX[[ QT \^STa] XiTS Qh cWT T]S Û cWT hTPa B_TPZX]V c^ cWT 0]Pc^[XP ]Tfb PVT]Rh

IPaPb i bPXS fâZ Xb X] _a^VaTbb Pc cWT =dbPhQX] 0ZÌPZP[T 3X[dRd CáaZVÛiá P]S 4bT]STaT QâSTa VPcTb P]S cWPc cWTbT QâSTa VPcTb fX[[ QT ^_T]TS Qh cWT T]S Û ! ' CWT d_VaPST _a^YTRcb Pc cWT 3TaTZÛh ?PiPaZd[T »]Rá_ ]Pa HPh[PSPê P]S :PaZP\ ë QâSTa VPcTb fX[[ QT R^\_[TcTS Qh cWT T]S Û ! ( IPaPab i bPXS cWPc PUcTa cWT d_VaPSTb PaT R^\ _[TcTS cWT R^\\TaRXP[ P]S caP]b_âcPcX^] U[^f Pc cWT VPcTb fX[[ QT \âT TUUXRXT]c PSSX]V cWPc cWT \^STa]XiTS QâSTa Ra^bbX]Vb f^d[S WPeT P R[^bTS RXaRdXc cT[TeXbX^] bhbcT\ b^ cWTh RP] QT fPcRWTS Q^cW [^RP[[h P]S Ua^\ cWT 2dbc^\b D]STabTRaTcPaXPc WTPS`dPacTab 8] cWXb fPh cWT d]STabTRaTcPaXPc fX[[ QT PQ[T c^ X\\TSXPcT[h X] cTaeT]T X] _a^Q[T\PcXR bXcdPcX^]b IPaPab i bcaTbbTS cWPc cWT d]STabTRaTcPaXPc f^d[S

]TeTa P[[^f b\dVV[X]V QaXQTah Râad_cX^] â UP eâXcXb\ fWXRW SP\PVT cWT X]bcXcdcX^] b X\PVT 7T PSSTS cWTh WPeT cPZT] PSeP]RTS \TPbdaTb X] âSTa c^ _aTeT]c bdRW X[[TVP[ PRcXeXcXTb Pc QâSTa VPcTb CWT Rdbc^\b d]STabTRaTcPah P[b^ bPXS \^bc Rdb c^\b ^_TaPcX^]b PaT R^]SdRcTS Qh R^\_dcTa P]S WT XST]cXUXTS TUUâcb c^ X]RaTPbT cWTbT ^_TaPcX^]b Pb cWT \^bc X\_âcP]c bcT_ X] cWT bcadVV[T PVPX]bc X[[TVP[ PR cXeXch Pc cWT QâSTab bdRW Pb QaXQTah 2^\_dcTab S^ ]^c WPeT UTT[X]Vb CWTh P__[h cWT bP\T _a^RTSdaTb Uâ TeTahQ^Sh WT Tg_[PX]TS IPaPab i ]^cTS WT WPS P SaTP\ Uâ Rdbc^\b) CdaZTh b QâSTab ]TTS c^ WPeT cWT cWXRZTbc Qâ STa Uâ X[[TVP[ caPSX]V P]S Pc cWT bP\T cX\T cWT cWX]]Tbc QâSTa Uâ [TVP[ caPSX]V q 8U fT RP] \P]PVT cWXb cWT bcadVV[T PVPX]bc b\dVV[X]V fX[[ QT TPbXTa P]S \âT TUUXRXT]c P]S CdaZTh fX[[ P[b^

QTR^\T P aXRWTa R^d]cah TR^]^\XRP[[h IPaPab i bPXS CdaZTh Xb PX\X]V Pc d]\P]]TS P]S _P_Ta[Tbb Rdbc^\b T\_WPbXiX]V cWPc TeT] cW^dVW cWXb \Ph QT R^]bXSTaTS P UP]cPbh Xc R^d[S bcX[[ QT S^]T IPaPab i bPXS WT WPS b_^ZT] fXcW RXeX[ b^RXTch â VP]XiPcX^]b Rdbc^\b d]X^]b P]S ^cWTa âVP]XiPcX^]b X]e^[eTS X] Rdbc^\b fWT] WT UXabc QTVP] c^ bTaeT Pb cWT Rdbc^\b d]STabTRaTcPah PSSX]V) 2dbc^\b WPb P bTaX^db X\PVT _a^Q[T\ FWT] h^d cP[Z PQ^dc Rdb c^\b RTacPX] ]TVPcXeT R^]]^cPcX^]b R^\T c^ _T^ _[T b \X]Sb FT ]TTS c^ T]S cWXb FT [PRZ `dP[XUXTS _Tab^]]T[ CWT ]d\QTa Û X]b_TRcX^] ÛUXRXP[b Xb eTah [^f CWTaT PaT P[b^ _a^Q[T\b X] Y^Q STbRaX_cX^]b Pc Rdbc^\b QaP]RWTb B^\T PdcWâXcXTb PaT VXeT] c^ \âT cWP] ^]T QaP]RW fWXRW RaTPcTb R^]U[XRcb P\^]V cW^bT QaP]RWTb FT ]TTS P aTUX]TS fâZ SXb caXQdcX^] _a^VaP\ #PMCTC 6QFC[ U <COCP YKVJ YKTGU

$BTQJBO DPOGMJDU SBJTFT FOFSHZ USBOTJU XPSSJFT 0a\TS R^]U[XRc QTcfTT] AdbbXP P]S 6TâVXP R^\QX]TS fXcW cWT X\_PRc Û P _X_T[X]T UXaT X] CdaZTh WPb WXVW[XVWcTS cWT 2PdRPbdb UaPVX[Xch Pb P] T]TaVh caP]bXc i^]T 1dc Xc Xb bcX[[ WXVW[h _aXiTS Qh cWT 4da^_TP] D]X^] Pb P fPh Û aTSdRX]V Xcb ST_T]ST]RT ^] AdbbXP] ^X[ P]S VPb P]S cWT UXabc a^dcT c^ cPZT T]TaVh Ua^\ cWT 2Pb_XP] BTP c^ cWT FTbc cWPc Pe^XSb AdbbXP] b^X[ _PbbTb cWa^dVW 6TâVXP AdbbXP WPb P eTah R[TPa bcaPcTVh P]S f^d[S _aTUTa 4da^_T b VPb c^ V^ eXP AdbbXP P]S ]^c eXP X]ST_T]ST]c R^d]caXTb bPXS 3XTcTa 7T[\ Û >gUâS D]XeTabXch CWTaT Xb ]^ STUX]XcT PccT\_c c^ SXbad_c bd__[XTb Qdc Xc Xb ]^c d]WT[_Ud[ c^ AdbbXP cWPc cWTaT Xb d]aTbc CWT VaTPcTbc SXbad_cX^] X] cWT aTVX^] WP__T]TS QTUâT R^]U[XRc Tad_cTS [Pbc CWdabSPh fWT] 6TâVXP bT]c UâRTb c^ aTcPZT B^dcW >bbTcXP P _a^ AdbbXP] _aêX]RT cWPc cWaTf ÛU 6TâVXP] ad[T X] cWT (( b 0a^d]S '$ QPaaT[b _Ta SPh Q_S Û RadST ^X[ bc^__TS U[^fX]V cWa^dVW cWT 1PZd CQX[XbX 2ThWP] 1C2 _X_T[X]T [Pbc fTTZ PUcTa P] Tg_[^bX^] ^] CdaZXbW cTaaXcâh CWT _X_T[X]T fWXRW bWX_b WXVW `dP[Xch RadST Ua^\ cWT 0iTaX bTRcX^] Û cWT 2Pb_XP] P]S Xb Tg_TRcTS c^ WPeT P RP_PRXch Û ! \X[[X^] Q_S ]Tgc hTPa R^d[S QT R[^bTS Uâ cf^ fTTZb b^daRTb WPeT bPXS 8]Sdbcah b^daRTb bPXS ^] <^]SPh 0iTaQPXYP] WPS dbTS aPX[ P]S ^X[ cP]ZTab c^ aT a^dcT b^\T RadST cWPc f^d[S WPeT QTT] _d\_TS cWa^dVW cWT 1C2 _X_T[X]T c^ cWT CdaZXbW <TSXcTaaP]TP] _âc Û 2ThWP] Qdc ^cWTa ^_cX^]b fTaT [X\XcTS 5^[[^fX]V cWT Q^\QX]V RP\_PXV] êTa 6TâVXP b\P[[ P\^d]cb Û bWX_\T]cb cWa^dVW cWT 1[PRZ BTP _âcb Û ?^cX P]S 1Pcd\X WPeT QTT] bdb_T]STS CWT _âcb PaT dbTS Uâ Tg_âcX]V ^X[ _a^SdRcb Qh ^cWTa 2Pb_XP] BTP Tg_âcTab bdRW Pb :PiPZWbcP] â CdaZ\T]XbcP] Pb fT[[ Pb Uâ 0iTaX RadST 4g_âcb Û 0iTaX :PiPZW P]S CdaZ\T] RadST P]S ^X[ _a^SdRcb Ua^\ P]S cWa^dVW 0iTaQPXYP] bc^^S Pc Pa^d]S " \X[[X^] QPaaT[b _Ta SPh X] TPa[h 0dVdbc CWTh WPS UP[[T] c^ "$ Q_S Pc cWT T]S Û [Pbc fTTZ PRRâSX]V c^ SPcP Ua^\ caPSTab P]S VêTa]\T]c ÛUXRXP[b CWT SXbad_cX^] WPb VXeT] b^\T bd__âc c^ QTPaXbW X]cTa]PcX^]P[ ^X[ \PaZTcb 1dc cWT _aXRT aTPRcX^] fPb bdQSdTS Pb TeXST]RT Û b[^fX]V X]cTa]PcX^]P[ ^X[ ST\P]S ÛUbTc bd__[h ^dcPVTb P]S P]P[hbcb fPXcTS c^ PbbTbb cWT Ud[[ X\_PRc CWT bWX]T WPb] c `dXcT R^\T ÛU cWT 0iTaX bcPa Ydbc hTc Pb Xc Xb d]R[TPa `dXcT W^f bTeTaT â [^]V [PbcX]V cWT X]cTaad_cX^] X] bd__[XTb cWa^dVW cWXb RâaXSâ fX[[ QT D1B QP]Z bPXS X] P ]^cT =â Xb Xc R[TPa hTc fWPc aXbZb ]^f WP]V êTa cWXb _X_T[X]T CWT 4da^_TP] D]X^] Xb b^ ZTT] c^ Pe^XS êTa aT[XP]RT ^] AdbbXP] bd__[XTb fWXRW WPeT P[b^ _aêTS d]aT[XPQ[T X] cWT _Pbc cWPc 2Pb_XP] bd__[XTb aTcPX] P__TP[ CWT 4da^_TP] D]X^] aT[XTb ^] AdbbXP Uâ PQ^dc !$ _TaRT]c Û Xcb VPb ]TTSb 8c WPb cWa^f] Xcb fTXVWc QTWX]S cWT =PQdRR^ _X_T[X]T fWXRW Xb Tg_TRcTS c^ QT ^_TaPcX^]P[ X] ! " P]S f^d[S caP]b_âc 2Pb_XP] VPb c^ CdaZTh P]S cWT] X]c^ FTbcTa] 4da^_T 7T[\ bPXS cWT RdaaT]c R^]U[XRc d]STa[X]TS cWT ]TTS Uâ VêTa]\T]cb c^ cPZT P c^dVWTa [X]T 5â 4da^_T cWT [Tbb^] Xb R[TPa =PQdRR^ P]S aT[PcTS _a^YTRcb RP]]^c QT [TUc T]cXaT[h c^ cWT _aXePcT R^\_P]XTb 2Pb_XP] aTb^daRTb ]TTS _a^cTRcX^] Ua^\ VêTa]\T]cb 7T[\ bPXS >cWTa P]P[hbcb bPXS cWT RWP]RTb R^]U[XRc f^d[S SXbad_c cWT \PX] VPb P]S ^X[ _X_T[X]Tb U[^fX]V cWa^dVW 6TâVXP aT\PX]TS [^f FT _dc P aTP[[h [^f _a^QPQX[Xch ^] cWT _X_T[X]Tb QTX]V PUUTRcTS 8c f^d[S aT`dXaT P bXV]XUXRP]c TbRP[PcX^] Û cWT R^]U[XRc bPXS 0]P 9T[T]ZêXR Û 4daPbXP 6a^d_ 0 caPSTa fXcW P FTbcTa] \PYâ P bWPaTW^[STa X] cWT 1PZd 2ThWP] _X_T[X]T P[b^ bPXS Xc fPb _aT\PcdaT c^ R^\T c^ _TbbX\XbcXR R^]R[dbX^]b PQ^dc 0iTaX ^X[ Tg_âc _a^b_TRcb 8 f^d[S ]^c VTc c^^ WhbcTaXRP[ PQ^dc Xc 8U cWT _X_T[X]T c^ 2ThWP] S^Tb ]^c aTbd\T fâZ fXcWX] cf^ fTTZb Xc fX[[ WP__T] fXcWX] cWaTT fTTZb CWT CdaZb fX[[ aPXbT bTRdaXch cWT AdbbXP]b PaT d][XZT[h c^ X]cTaeT]T P]S P[[ fX[[ QT UX]T PVPX] WT bPXS $CMW /QUEQY 4GWVGTU

T08-12-08-08.qxd

11.08.2008

19:19

Page 1

' C>30HzB I0<0=

6 7 ' 5 & #; # 7 ) 7 5 6

#1 TBZT GJSF PO #5$ PJM QJQFMJOF GJOBMMMZ FYUJOHVJTIFE 0 UXaT ^] cWT 1PZd CQX[XbX 2ThWP] 1C2 ^X[ _X_T[X]T X] CdaZTh fPb TgcX]VdXbWTS ^] <^]SPh P bT]Xâ b^daRT Pc 1? P \PYâ bWPaTW^[STa X] cWT _X_T[X]T c^[S ATdcTab CWT _X_T[X]T RPaahX]V 0iTaX RadST fWXRW _PbbTb cWa^dVW 6TâVXP fPb WXc Qh P] Tg_[^bX^] ^] CdaZXbW cTaaXcâh cf^ SPhb QTUâT R^]U[XRc QT VP] êTa cWT B^dcW >bbTcXP aTVX^] AT_PXab \Ph ]^c QT UX]XbWTS Uâ ^]T c^ cf^ fTTZb â [^]VTa PRRâSX]V c^ P b^daRT Pc CdaZTh b bcPcT ^f]TS _X_T[X]T R^\_P]h 1^cPë =^ ^X[ Xb Rda aT]c[h U[^fX]V cWa^dVW cWT _X_T[X]T Fâ[S ^X[ _aXRTb a^bT [Pbc fTTZ PUcTa cWT P]

2ThWP] ^] cWT CdaZXbW <TSXcTaaP]TP] R^Pbc CaPSTab bPXS [^PSX]Vb Û 0iTaX RadST Ua^\ 2ThWP] f^d[S QT ST[PhTS Qh PQ^dc cWaTT fTTZb P]S [XUcX]V SPcTb Uâ BT_cT\QTa fTaT ]^c hTc PePX[PQ[T QTRPdbT Û cWT _X_T[X]T SP\PVT CWT bWX__X]V bRWTSd[T Uâ 0iTaX RadST Xb ]â\P[[h aT[TPbTS Pa^d]S cWT ]X]cW Û TeTah \^]cW CWT QXVVTbc WX]SaP]RT c^ UXaTUXVWcX]V TUUâcb fPb ^X[ cWPc bTcc[TS X] cWT _X_T[X]T bX]RT cWT U[^f fPb bc^__TS [Pbc CdTbSPh CTRW]XRP[ cTP\b bT]c c^ cWT bXcT Û cWT UXaT fX[[ PbbTbb cWT SP\PVT P]S cWT 1C2 R^]bâcXd\ fX[[ STRXST W^f c^ _a^RTTS >]T aT_PXa \TcW^S _dc UâcW Qh cWT cTP\b R^d[S

]^d]RT\T]c Û cWT Q[PiT P]S TbcX\PcTb cWPc Xc R^d[S cPZT d_ c^ cf^ fTTZb c^ VTc cWT _X_T[X]T ^] bcaTP\ PVPX] C^SPh fT _dc cWT UXaT ^dc P]S X\\TSXPcT[h PUcTa cWPc fT bcPacTS cahX]V c^ R^^[ S^f] cWT _X_T[X]T 0b b^^] Pb cWT R^^[X]V _a^RTbb T]Sb fT fX[[ QTVX] PbbTbbX]V cWT SP\PVT P]S bcPac aT_PXab cWT 1? b^daRT fW^ STR[X]TS c^ QT ]P\TS bPXS CWT _X_T[X]T ]â\P[[h RPaaXTb 0iTaX ^X[ fWXRW Xb WXVW `dP[Xch P]S R^\\P]Sb P _aT\X d\ CWT # QX[[X^] 1C2 _X_T[X]T RP] _d\_ d_ c^ P \X[[X^] QPaaT[b _Ta SPh cWT T`dXeP[T]c Û \âT cWP] _TaRT]c Û fâ[S bd__[h Ua^\ UXT[Sb X] cWT 0iTaX bTRcâ Û cWT 2Pb_XP] BTP c^

cPZT cf^ fTTZb â [^]VTa _dbWX]V QPRZ âXVX]P[ TbcX \PcTb Uâ P SPcT c^ VTc cWT _X_T[X]T QPRZ ^] [X]T 1aXcPX] b 1? ?[R ^f]b " _TaRT]c Û 1C2 fWX[T 0iTaX bcPcT ^X[ R^\_P]h B>20A W^[Sb !$ _TaRT]c >cWTa bWPaTW^[STab X]R[dST DB R^\_P ]XTb 2WTea^] P]S 2^]^R^?WX[[X_b =âfPh b BcPc^X[7hSa^ 8cP[h b 4=8 P]S 5aP]RT b C^cP[ CTaaâXbc âVP]XiPcX^] ?:: R[PX\TS aTb_^]bXQX[X ch Uâ cWT Tg_[^bX^] P]S bPXS cWTh f^d[S RPaah ^dc \âT PccPRZb ^] TR^]^\XR cPaVTcb X]bXST CdaZTh 0\X[XcPah P]S [^RP[ ÛUXRXP[ b^daRTb ^] cWT ^cWTa WP]S bPXS cWT UXaT fPb SdT c^ P cTRW]XRP[ Taaâ P]S fPb ]^c SdT c^ bPQ^cPVT #PMCTC 6QFC[ U <COCP YKVJ 4GWVGTU

?7>C>

A4DC4AB

'BOOJFmT DBQJUBM UP SFNBJO VOEFS QSFTTVSF 5P]]XT <PT b RaTSXc [^bbTb fX[[ Tg RTTS cWT R^\_P]h b Tg_TRcPcX^]b R^]cX]dX]V c^ _dc _aTbbdaT ^] Xcb RP_X cP[ [TeT[b P]S TPa]X]Vb P] P]P[hbc Pc 5aXTS\P] 1X[[X]Vb AP\bTh bPXS CWT [PaVTbc DB W^\T Ud]SX]V R^\_P]h f^d[S ]TTS c^ aPXbT PSSXcX^]P[ RP_XcP[ Û $ QX[[X^] c^ QX[[X^] c^ bcaT]VcW T] Xcb QP[P]RT bWTTc Uâ UdcdaT RaTSXc [^bbTb P]S R^]cX]dT c^ bd__[h [X`dXSXch c^ cWT \âcVPVT \PaZTc P]P[hbc ?Pd[ <X[[Ta bPXS X] P ]^cT 2aTSXc [^bbTb fX[[ ]^c _TPZ d]cX[ [PcT ! ( TPa[h ! P]S cWXb bW^d[S aTbd[c X] T[TePcTS _aêXbX^]X]V êTa cWT ]Tgc cWaTT c^ U^da `dPacTab _^bbXQ[h _aTbbdaX]V cWT R^\_P]h b RP_XcP[ RdbWX^] WT bPXS FT QT[XTeT cWT 6B4b VêTa]\T]c b_^] bâTS T]cTa_aXbTb fX[[ R^]cX]dT c^ WPeT ca^dQ[T fXcW Q^cW RaTSXc [^bbTb P]S RP_XcP[ [TeT[b P]S fT aTR^\\T]S cWPc X]eTbcâb aT\PX] RPdcX^db ^] cWT ]P\Tb êTa cWT ]Tgc UTf `dPacTab cWT P]P[hbc bPXS <X[[Ta Rdc WXb _aXRT cPaVTc ^] cWT bWPaTb Û 5P]]XT <PT c^ % Ua^\ c^ aTU[TRc R^]cX]dTS _aTbbdaT ^] RP_XcP[ Ua^\ RaTSXc [^bbTb 7T \PX]cPX]TS WXb d]STa _TaUâ\ aPcX]V X] cWT bc^RZ FXcW RaTSXc aT[PcTS Tg_T]bTb Û & QX[ [X^] c^ ' QX[[X^] êTa cWT ]Tgc cf^ `dPa cTab cWT R^\_P]h b RP_XcP[ RdbWX^] fWXRW RdaaT]c[h bcP]Sb Pc ( # QX[[X^] R^d[S QT \PcTaXP[[h Rdc c^ cWT _^X]c cWPc Xc \Ph WPeT c^ aPXbT PSSXcX^]P[ RP_XcP[ <X[[Ta bPXS CWT QXV `dTbcX^] Uâ X]eTbcâb Xb fX[[ T[TePcTS _aêXbX^] T[X\X]PcT 5P]]XT <PT b RP_XcP[ RdbWX^] P]S aTbd[c X] P RP_XcP[ aPXbT êTa cWT ]Tgc UTf `dPacTab. 0[cW^dVW cWT R^\_P]h b aTeT]dT a^bT X] cWT bTR^]S `dPacTa P]S bW^d[S R^]cX]dT c^ QT bca^]V êTa cWT ]Tgc UTf `dPacTab Xc fX[[ ]^c QT T]^dVW c^ ÛUbTc UdcdaT RaTSXc R^bcb WT bPXS FT QT[XTeT W^dbT _aXRTb R^] cX]dT c^ STR[X]T P]S [^bb bTeTaXch Xb X]RaTPb X]V X] ^da ^_X]X^] <X[[Ta bPXS CWT R^\_P]h fX[[ \PZT Xc cWa^dVW cWT RdaaT]c W^dbX]V RaXbXb Qdc cWT bWPaTW^[S Tab PaT Tg_^bTS c^ [^bbTb Pb aXbX]V RaTSXc R^bc fX[[ R^]cX]dT c^ _aTbbdaT eP[dPcX^] Û cWT bc^RZ WT bPXS >] 5aXSPh 5P]]XT <PT _^bcTS Xcb U^dacW bcaPXVWc `dPacTa[h [^bb Pb W^\T [^P] STUPd[cb X]RaTPbTS P]S bPXS Xc \Ph Ua^\ cX\T c^ cX\T aPXbT RP_XcP[ ^__âcd]XbcXRP[[h PUcTa aPXbX]V \âT cWP] & QX[[X^] X] PSSTS RP_XcP[ X] cWT bTR^]S `dPacTa BWPaTb Û cWT R^\_P]h R[^bTS Pc ( $ 5aXSPh ^] cWT =Tf HâZ Bc^RZ TgRWP]VT 0GY ;QTM 4GWVGTU

1DB8=4BB

g1SFDBVUJPOBSZ TUBOE CZ BO PQUJPO CVU 5VSLFZ DBO TUBOE PO PXO UXP GFFU 4R^]^\h <X]XbcTa <TW\Tc èX\ëTZ bcPcTS ^] <^]SPh cWPc CdaZTh ]^ [^]VTa ]TTSb \^]Th Ua^\ cWT 8]cTa]PcX^]P[ <^]TcPah 5d]S 8<5 cWP]Zb c^ Xcb TR^]^\XR PRWXTeT\T]cb Qdc WT SXS ]^c ad[T ^dc cWT ^_cX^] Û PVaTTX]V c^ P]^cWTa _aTRPdcX^]Pah bcP]S Qh STP[ fXcW cWT Ud]S B_TPZX]V ^] P [XeT _a^VaP\ ^] =CE cWT \X]XbcTa bPXS cWT TR^]^\h WPb PRWXTeTS P [TeT[ Û \PcdaXch T[X\X]PcTS cWT Qd[Z Û UPRcâb RPdbX]V ed[]TaPQX[Xch P]S T]bdaTS b^d]S UX]P]RXP[ QP[P]RTb CWT R^\QX]PcX^] Û cWTbT T[T\T]cb \PZTb Xc d]]TRTbbPah c^ P__[h Uâ 8<5 aTb^daRTb aTVPaS[Tbb Û W^f UPeâPQ[T cWT cTa\b WT PSSTS CWT [PcTbc bcP]S Qh STP[ Û QX[[X^] fXcW cWT 8<5 WPS T]STS X] <Ph P]S bX]RT cWT] Q^cW bXSTb WPeT QTT] R^]SdRcX]V _aT[X\X]Pah cTRW]XRP[ bcdSXTb c^ STcTa\X]T cWT UdcdaT R^dabT Û cWT aT[PcX^]bWX_ CdaZXbW ÛUXRXP[b WPeT UaT`dT]c[h WX]cTS cWPc cWTh PaT [XZT[h c^ bcaXZT P _aTRPdcX^]Pah bcP]S Qh STP[ fWXRW f^d[S bTT cWT R^]cX]dPcX^] Û cWT 8<5 Pb P] P]RWâ fWX[T ]^c PSSX]V c^ cWT TgcTa]P[ STQc bc^RZ Û cWT R^d]cah 8] cWXb ch_T Û STP[ cWT 8<5 PVaTTb c^ _aêXST P RTacPX] bd\ Pb P [^P] XU CdaZTh UX]Sb XcbT[U X] ]TTS Û cWXb \^]Th 0bZTS PQ^dc cWT cX\TcPQ[T Û P _^bbXQ[T STP[ fXcW cWT 8<5 cWT \X]XbcTa bPXS Xc R^d[S QT UX]P[XiTS X] BT_cT\QTa â TPa[h >Rc^QTa XU cWT cf^ _PacXTb aTPRW Ud[[ PVaTT\T]c ^] P bcP]S Qh STP[ fWTcWTa _aTRPdcX^]Pah â bcP]SPaS 7T bPXS WT _Tab^]P[[h f^d[S _aTUTa P _aTRPdcX^]Pah PVaTT\T]c 0bZTS XU cWTaT fPb P _^bbXQX[Xch cWPc CdaZTh f^d[S RW^^bT c^ _a^RTTS fXcW^dc cWT QPRZX]V Û cWT 8<5 WT bPXS) CWTaT Xb ]^f cWXb XSTP X] cWT \PaZTcb cWPc XU CdaZTh R^\\Xcb XcbT[U c^ P _a^VaP\ fXcW cWT 8<5 P[[ _a^Q[T\b fX[[ QT b^[eTS CWXb Xb STUX]XcT[h ]^c cadT 7T bPXS Xc Xb ]^c cWT _a^VaP\ cWPc aTP[[h \PccTab Qdc cWT _^[XcXRP[ fX[[ c^ X\_[T\T]c Xc 7T P[b^ T\_WPbXiTS cWPc cWT ]Tf _a^VaP\ bW^d[S U^Rdb \âT ^] X\_aêX]V R^\_TcXcXeT]Tbb ÒUVCPDWN 6QFC[ U <COCP YKVJ YKTGU

$OLLAR®NOTES®PINNED®ON®THE®CEILING®OF®A®SALOON®AS®SOUVENIRS ®0EOPLE®WILL®THINK®TWICE®BEFORE®TACKING®MONEY®THERE ®AS®THE®DOLLAR®SEEMS®TO®BE®REGAINING®ITS®VALUE

4IBSQ '9 NPWFT TVHHFTU EPMMBS EPXOUSFOE NBZ CF PWFS CWT S^[[Pa b SaP\PcXR aP[[h cWXb fTTZ WPb _a^\_cTS b^\T X]eTbcâb c^ bPh Xcb bTe T] hTPa b[XST \Ph QT êTa Pb cWT U^Rdb bWXUcb Ua^\ DB TR^]^\XR f^Tb c^ cWT b_aTPS T[bT fWTaT Û cWT RaTSXc Rad]RW X]b_XaTS b[^fS^f] CWT S^[[Pa ^] 5aXSPh fPb ^] caPRZ Uâ Xcb QXVVTbc ^]T SPh aXbT PVPX]bc cWT Tda^ X] bXg hTPab P]S Xcb QXVVTbc fTTZ[h aXbT bX]RT [PcT ! CWPc c^^Z cWT Tda^ S^f] P[\^bc QT[^f $ êTa RT]cb QT[^f Xcb aTRâS WXVW PQêT % bcadRZ ^][h P \^]cW PV^ 1dc cWPc bTT\b P [XUTcX\T PV^ BX]RT \XS 9d[h ^X[ _aXRTb WPeT cd\Q[TS " Ua^\ cWTXa aTRâS _TPZ PQêT #& P QPaaT[ 9P_P] b VêTa]\T]c WPb bPXS cWT TR^]^\h \Ph QT X] aTRTbbX^] P]S _TbbX\XbcXR Tda^ i^]T bT]cX\T]c X]SXRPcâb PaT cda]X]V X]c^ P[\^bc d]XUâ\[h V[^^\h PRcXeXch P]S Va^fcW SPcP FT PaT X] P S^[[Pa aTRêTah caT]S P[aTPSh P[QTXc P RW^__h ^]T bPXS 0SP\ 2^[T WTPS Û 5G bcaPcTVh Pc A12 2P_XcP[ <PaZTcb 8c b P R^\QX]PcX^] Û Tg_TR cPcX^]b X] cWT D]XcTS BcPcTb QTX]V b^ ST _aTbbTS cWPc Xc S^Tb] c cPZT \dRW c^ caXVVTa P] d_bXST bda_aXbT P]S cWT UPRc cWPc cWT aTbc Û cWT fâ[S Xb _TaUâ\X]V b^ _^â[h 0 bda_aXbT aXbT X] _T]SX]V DB W^\T

bP[Tb Uâ 9d]T PRRâSX]V c^ SPcP ^] CWdabSPh b_PaZTS W^_Tb cWPc cWT DB W^dbX]V \PaZTc cWT \PX] b^daRT Û cWT hTPa [^]V V[^QP[ UX ]P]RXP[ RaXbXb P]S Û cWT SaPV ^] cWT DB TR^]^\h \Ph QT ]TPaX]V P Q^cc^\ BX]RT cWT ^]b[PdVWc Û cWT RaTSXc RaXbXb X] eTbcâb U^Rdb WPb QTT] ^] cWT PX[X]V WTP[cW Û cWT DB TR^]^\h P]S UX]P]RXP[ bhbcT\ cWPc _a^\_cTS cWT 5TSTaP[ ATbTaeT c^ b[PbW Xcb ZTh UTS Ud]Sb aPcT c^ ! _TaRT]c Qh 0_aX[ Ua^\ $ !$ _TaRT]c X] BT_cT\QTa 1dc cWT U[d cWPc cWT DB TR^]^\h Xb bdUUTaX]V Ua^\ Xb ]^f b_aTPSX]V P]S UX]P]RXP[ \PaZTcb PaT aP\_X]V d_ Tg_TRcPcX^]b Uâ ^cWTa VêTa]\T]cb c^ bcPac TPbX]V _^[XRh CWT 4da^_TP] 2T]caP[ 1P]Z fPa]TS ^] CWdabSPh cWPc Va^fcW Xb b[^fX]V UTTSX]V P R^]eXRcX^] cWPc cWT Tda^ b bcTPSh aXbT bX]RT ! PVPX]bc P W^QQ[X]V S^[[Pa fX[[ QT aT eTabTS 8c WT[S aPcTb bcTPSh Pc # !$ _TaRT]c ^_cX]V ]^c c^ U^[[^f d_ P 9d[h aPcT aXbT CWT Tda^ b cd\Q[T bdVVTbcb c^ b^\T cWPc cWT Rda aT]Rh b [^]V cTa\ R[X\Q fWXRW WPb P[\^bc S^dQ[TS Xcb eP[dT Ua^\ ! c^ [Pbc \^]cW b aTRâS WXVW PQêT % \Ph QT êTa 5XVdaTb ^] 5aXSPh bW^fTS 8cP[h b TR^]^\h R^]caPRcTS X] cWT bTR^]S `dPacTa ^] P `dPa

cTa[h QPbXb P]S SPcP SdT ]Tgc fTTZ PaT UâT RPbc c^ bW^f P bX\X[Pa R^]caPRcX^] X] cWT Tda^ i^]T fWXRW \Ph d_ cWT _aTbbdaT ^] cWT 421 c^ ZTT_ aPcTb ^] W^[S CWT U^Rdb Xb bfXcRWX]V Ua^\ R^]RTa]b PQ^dc P DB aTRTbbX^] c^ cWT V[^QP[ Va^fcW _XRcdaT P]S ]TVPcXeT _aX]cb Uâ Tda^ i^]T Va^bb S^\TbcXR _a^SdRc fX[[ \TP] cWPc cWT 421 c^]T fX[[ WPeT c^ RWP]VT X] BT_cT\QTa bPXS 8P] BcP]]PaS bT]Xâ Rda aT]Rh bcaPcTVXbc Pc 1=? ?PaXQPb CWT bWPa_ aTRêTah Û cWT S^[[Pa bX]RT 9d[h Xb _a^\_cX]V X]eTbcâb c^ R^]bXSTa P] X]RaTPbTS U^ Rdb ^] _a^cTRcX^] PVPX]bc UâTXV] RdaaT]Rh fTPZ ]Tbb PVPX]bc cWT S^[[Pa 5â cWT _Pbc cf^ \^]cWb 8 WPeT aTRTXeTS \âT _W^]T RP[[b Ua^\ [PaVT aTP[ \^]Th \P]PVTab X] cWT D]XcTS BcPcTb PQ^dc bcPacX]V c^ WTSVT cWTXa êTabTPb Tg_^bdaT X] \P]h RPbTb Uâ cWT UXabc cX\T X] U^da UXeT hTPab cWP] Pc P]h ^cWTa cX\T X] \h RPaTTa bPXS BcT_T] 9T] RWXTU RdaaT]Rh TR^]^\Xbc Pc <âVP] BcP][Th 7T bPXS cWTbT Ud]Sb WPeT QT]TUXcTS Ua^\ P] d] WTSVTS _^bXcX^] PVPX]bc P UP[[X]V S^[[Pa 7^fTeTa WT bT]bTb P bTP RWP]VT X] cWXb bT]cX\T]c P]S ]^cTb cWPc bdQbcP]cXP[ WTSVX]V PRcXeXch RP] QT P _^f TaUd[ SaXeTa Û RdaaT]RXTb .QPFQP 4GWVGTU

#BOL "TZB T GJSTU IBMG QSPGJUT VQ QFSDFOU 1P]Z 0bhP CdaZTh b [TPSX]V _PacXRX_PcX^] QP]Z P]]^d]RTS hTbcTaSPh cWPc Xcb ]Tc _aÛXcb X] cWT UXabc WP[U Û ! ' R[X\QTS Qh ! _TaRT]c c^ HC; \X[[X^] êTa cWT bP\T _TaX^S [Pbc hTPa fWT] _aÛXcb WXc HC; '" \X[[X^] 8] P faXccT] bcPcT\T]c cWT QP]Z bPXS Xcb _aÛXcb QTUâT cPgTb Ua^\ cWT UXabc WP[U fTaT HC; " \X[[X^] CWT T`dXch Û cWT QP]Z X]RaTPbTS Qh #& ! _TaRT]c c^ HC; !% QX[[X^] Ua^\ cWT QTVX] ]X]V Û 9P]dPah c^ cWT T]S Û 9d]T C^cP[ PbbTcb \âTêTa R[X\QTS Qh !$ & _TaRT]c c^ HC; & ( QX[[X^] fWX[T c^cP[ Ud]Sb T`dXeP[T]c c^ ST_^bXcb X] ]^] _PacXRX_PcX^] QP]Zb a^bT !" _TaRT]c c^ HC; $ ' QX[[X^] X] cWT bP\T _TaX^S 0b Û cWT T]S Û 9d]T cWT [^P]b TgcT]STS Qh cWT QP]Z c^ ]^] UX]P]RXP[ QdbX]TbbTb aTPRWTS HC; $ % QX[[X^] 8] ^cWTa fâSb P[\^bc P[[ Û cWT \^]Th ST _^bXcTS Qh Rdbc^\Tab fPb _aêXSTS Pb [^P]b c^ R^\_P]XTb P]S X]SXeXSdP[b CWXb bXcdPcX^] Xb P QPbXR UTPcdaT Û _PacXRX_PcX^] QP]Zb fWXRW S^ ]^c ÛUTa X]cTaTbc QPbTS QP]ZX]V bTaeXRTb 8]bcTPS Û _[PRX]V cWTXa Ud]Sb X] X]cTaTbc hXT[SX]V UX]P]RXP[ X]bcad \T]cb bdRW Pb CaTPbdah QX[[b P]S VêTa]\T]c Q^]Sb cWTbT QP]Zb STaXeT _aÛXc cWa^dVW cWT TgcT] bX^] Û [^P]b c^ cWTXa Rdbc^\Tab â _Pac]Tab 1P]Z 0bhP bTaeTb Xcb Rdbc^\Tab cWa^dVW !# QaP]RWTb P]S fXcW " $%" T\_[^hTTb ÒUVCPDWN 6QFC[ U <COCP

$BQBDJUZ VUJMJ[BUJPO ESPQT GVSUIFS JO +VMZ DPOUêOVFE GSPN QBHF

Daily Monthly Change (%) Change (%)

%#.'0&#4

#6 # ).#0%

"VHVTU

G +BQBO (/1 P JBM 1SPEVDUJPO PG TUS *OEV F 64 &VSP M 4BMFT PG UI 3FUBJ

İMKB-100

İMKB-30

İMKB-IND

İMKB-BANK

DJIMT

Yearly Change (%)

YTD Change (%)

MCAP (million YTL)

1-Y Av.Volum

&#:

(65'

TurkDEX US$/JP¥ EU€/JP¥

Country

Change (%)

Level

* -QPI

0KMMGK

,CRCP

%CE

(TCPEG

)GTOCP[

*CPI 5GPI

75#

0#5&#3

75#

$TCUKN

$18'52#

&QY 5 2

0CVKXG

(QTGKIP

0WODGT QH 5JCTGU / ECR 0WODGT QH 5JCTGU / ECR

&CKN[ %NQUG %JCPIG

/QPVJN[ %JCPIG

;GCTN[ %JCPIG

Ticker

Price

Daily Change (%)

Ticker

Volumes

$#)(5

$155#

)#4#0

75 ,2}

:5- `

'7 ,2}

(1465

06*1.

/+)45

:5-

'7 75

$#086

06674

+5%64

6%'..

')5'4

8#-$0

#-)46

#'('5

#-$0-

Ticker

Price (YTL) Daily Change (%)

/-$

Price (YTL) Yearly Change (%)

/-$

/-$ +0&

2 %*'/

67245

261(5

2'6-/

#;)#<

P/E 2007/06t

P/E 2007/09t EV/EBITDA 2006/12

Z Z

EV/EBITDA 2007/03t

EV/EBITDA 2007/06t

Mcap YTL

P/E 2006/12

$. : ,

2TKEG .KIJV % 1KN )QNF %QRRGT

9C[

%JCPIG

*KIJ

.QY

2 ' 5JCTG RTKEG FKXKFGF D[ GCTPKPIU RGT UJCTG KU C OGCUWTG QH VJG RTKEG RCKF HQT C UJCTG TGNCVKXG VQ VJG KPEQOG QT RTQHKV GCTPGF D[ VJG HKTO RGT UJCTG '8 '$+6&# 'PVGTRTKUG XCNWG FKXKFGF D[ GCTPKPIU DGHQTG KPVGTGUV VCZ CPF COQTVK\CVKQP nVo UVCPFU HQT VTCKNGT CPF OGCPU VJG FCVC QXGT VJG NCUV HQWT SWCTVGTU

;GUVGTFC[ U ENQUKPI

7RFCVGF CV R O D[ )/6 &KUENCKOGT 6JG KPHQTOCVKQP KP VJKU TGRQTV JCU DGGP RTGRCTGF D[ $/& $K\KO 5GEWTKVKGU HTQO UQWTEGU DGNKGXGF VQ DG TGNKCDNG #NN VJG KPHQTOCVKQP KPVGTRTGVCVKQPU CPF TGEQOOGPFCVKQPU EQXGTGF JGTGKP TGNCVKPI VQ KPXGUVOGPV CEVKQPU CTG PQV YKVJKP VJG UEQRG QH KPXGUVOGPV EQPUWNVCPE[ 6JGTGHQTG KP XGUVOGPV FGEKUKQPU DCUGF QPN[ QP VJG KPHQTOCVKQP EQXGTGF JGTGKP OC[ PQV DTKPI GZRGEVGF TGUWNVU

CWT UXVdaTb P[b^ X]SXRPcTS cWPc _a^SdRcX^] `dP] cXch fPb S^f] % _TaRT]c X] 9d[h R^\_PaTS c^ cWT bP\T \^]cW X] ! & CWT bdaeTh _aTSXRcTS cWPc cWTbT [^f [TeT[b fX[[ R^]cX]dT UdacWTa X] 0dVdbc fXcW Pc [TPbc P ! _TaRT]c Sa^_ Ua^\ [Pbc hTPa b [TeT[b CWT `dP]cXch Û V^^Sb b^[S Qh cWT \P]dUPRcdaX]V X]Sdbcah P[b^ UT[[ Qh % _TaRT]c X] 9d[h CWT _PacXRX_P]cb X] cWT bdaeTh _aT SXRcTS cWPc cWXb UXVdaT fX[[ ZTT_ STR[X]X]V X] 0dVdbc _a^QPQ[h Qh _TaRT]c 1dc STb_XcT cWXb STRaTPbX]V cT]ST]Rh X] RP_PRXch dcX[XiPcX^] aPcTb X]U[PcX^] ZT_c aXbX]V PVPX]bc cWT VT]Ta P[ ad[T cWPc X]U[PcX^] UP[[b fWT] cWT _a^SdRcX^] [TeT[b X] P] TR^]^\h bWaX]Z CWXb fPb QTRPdbT cWT \PYâ UPRcâb QTWX]S cWT R[X\QX]V X]U[PcX^] aPcTb fTaT bcTT_ X]RaTPbTb X] T]TaVh P]S U^^S _aXRTb fWXRW WPeT Q^^bcTS cWT R^bcb Û _a^SdRcX^] \PcTaXP[b aPcWTa cWP] SX\X]XbWX]V TR^]^\XR PRcXeXcXTb 0]^cWTa aTPb^] Uâ cWXb SXeTabX^] Ua^\ cWT VT]TaP[ TR^]^\XR ad[T fPb CdaZXbW X]SdbcaXP[ Xbcb cT]ST]Rh c^ aPXbT cWT _aXRTb Û cWTXa _a^SdRcb c^ RêTa cWTXa [^bbTb SdT c^ STR[X]X]V _a^SdRcX^] ATU[TRcX]V cWXb X]R[X]PcX^] P\^]V X]SdbcaXP[Xbcb cWT bdaeTh bW^fTS cWPc bP[Tb _aXRTb X]RaTPbTS Qh _Ta RT]c X] 9d[h êTa cWT bP\T \^]cW [Pbc hTPa 8c Xb TbcX\Pc TS cWPc cWT _aXRT Û \P]dUPRcdaTS _a^SdRcb fX[[ aXbT " _TaRT]c \âT X] 0dVdbc cWT bdaeTh _aTSXRcTS 5dacWTa\âT cWT _aXRT Û aPf \PcTaXP[b fPb d_ Qh % _TaRT]c X] 9d[h CWT UâTRPbc Uâ 0dVdbc fPb P # _Ta RT]c X]RaTPbT #PMCTC 6QFC[ U <COCP

T09-12-08-08.qxd

11.08.2008

19:24

C>30HzB I0<0= (

6 7 ' 5 & #; # 7 ) 7 5 6

?7>C>B

CDA6DC 4=6ç=

CA0E4;

Page 1

5IJT JTMBOE PG (ÎL¿FBEB JT OPU POMZ BCPVU TFB TVO CFBDIFT BOE GVO JU JT B NFFUJOH QPJOU PG WBSJPVT DVMUVSFT BOE SFMJHJPOT *NSPT JT TBJE UP IBWF CFFO UIF IPNF PG UIF XPSME T PMEFTU DJWJMJ[BUJPOT *U XBT SVMFE CZ #Z[BOUJVN 7FOJDF BOE 3VTTJB CVU (ÎL¿FBEB CFMPOHFE UP UIF 0UUPNBOT GPS UIF MPOHFTU QFSJPE PG UJNF

4VOTFU BU ( L FBEB

(ÍL¾FBEB

4HE®SUN S®LAST®DESTINATION®IN®4URKEY

_PeT\T]c WPeX]V QTT] [TUc d]RWP]VTS 6aTTZ W^dbTb WTaT WPeX]V QTT] UaTbW[h _PX]cTS [^^Z QaP]S ]Tf B^\T WPeT QTT] cda]TS X]c^ RPUTb c^ bTaeT [^RP[b P]S eXbXcâb P[XZT >]T bdRW RPUÎ Xb cWPc Û <PSP\ 8c aT\PX]b cWT \^bc PdcWT]cXR _[PRT X] cWT aTVX^] D_^] <PSP\zb STPcW WTa aT cXaTS b^] 2^bcPb c^^Z êTa cWT QdbX]Tbb 0[cW^dVW WT b_T]Sb WXb fX]cTab X] 0cWT]b 2^bcPb R^\Tb c^ IThcX][XZÛh TeTah bd\\Ta X] 9d]T P]S fâZb cWa^dVW BT_cT\QTa 0]^cWTa RPUÎ Xb cWPc Û 7aXbc^ Ua^\ 1TëXZcPë BXV]Q^PaSb P[[ êTa cWT eX[[PVT RPaah WXb ]P\T P]S _^X]c eXbXcâb S^f] P bc^]h a^PS c^ P cX]h 6aTTZ W^dbT ^] P ]Paa^f bcaTTc BXccX]V ^] P RWPXa X] Ua^]c Û cWT W^dbT Xb P VaPh WPXaTS Qdc T]TaVTcXR \P] fW^ fT[R^\Tb P[[ X] CdaZXbW fXcW WXb SXbcX]Rc 6aTTZ PRRT]c 7T cT[[b _PbbTab Qh cWT bcâh Û 7aXbc^ Ua^\ 1TëXZcPë fW^ Xb '' hTPab ^[S P]S _[PhTS Uâ cWT 1TëXZcPë b^RRTa cTP\ Ua^\ (# c^ ($ 0UcTa 7aXbc^ `dXc b^RRTa WT \êTS c^ ePaX^db R^d]caXTb X] 4da^_T P]S [XeTS cWTaT Uâ cWT ]Tgc "" hTPab ^][h c^ aTcda] c^ 6ÛZÌTPSP WXb QXacW_[PRT X] ! fWTaT WT WPb bcPhTS TeTa bX]RT 7T cda]TS WXb W^dbT X]c^ P RPUÎ P]S bTaeTb Rdbc^\Tab STbbTacb WT \PZTb WX\bT[U fWX[T cP[ZX]V PQ^dc WXb SPhb fXcW 1TëXZcPë P]S TeTah ^]RT X] P fWX[T PQ^dc Uâ\Ta 1TëXZcPë ?aTbXST]c Bá[Th\P] BTQP

5'4-#0 #-%#0 #0#--#.'

BcaTcRWX]V Ua^\ :TëP] c^ 6ÛZÌTPSP 8b[P]S Û fTbcTa]\^bc 4SXa]T _aêX]RT Xb P d]X`dT eXTf Û BPa^b 1Ph 8b[P]Sb fPbWTS Qh cWT fPcTab Û BPa^b 1Ph [^^Z Pb XU cWTh fTaT b^\TcWX]V Ua^\ P _PX]c X]V P eTah eP[dPQ[T ^]T Uâ P]h^]T QâTS fXcW cWT ST_aTbbX]V çbcP]Qd[ adbW 3aXeX]V P[^]V cWTbT fPcTab P]S _PbbX]V cWa^dVW cWT SXbcaXRc Û 4RTPQPc [TPSb c^ cWT T\QaPRT Û cWT cda`d^XbT 0TVTP] BTP PUcTa U[TTX]V cWT aTbcXeT fPeTb Û cWT BTP Û <Pa\PaP CWT WXbcâXR 6P[[X_^[X ?T]X]bd[P b^^] VaTTcb h^d P]S fT[R^\Tb h^d X] P[[ Xcb V[âh 0[cW^dVW P UXaT bfT_c cWa^dVW cWXb aTVX^] P UTf hTPab PV^ STbca^hX]V cP[[ _X]T caTTb Xc fPb d]PQ[T c^ c^dRW cWT WXbcâh Û cWT aTVX^] CWT U^^cbcT_b Û cWT CdaZXbW 0a\h fWXRW _PbbTS cWa^dVW cWXb PaTP P[\^bc P Wd]SaTS hTPab PV^ fWX[T UXVWcX]V cWT FPa Û 8]ST_T]ST]RT RP] bcX[[ QT WTPaS X] 2^]ZQPh a cWT bXcT Û P] X\_âcP]c QPcc[T f^] Qh cWT CdaZb 1Th^]S cWXb Xb :PQPcT_T cWT ST_PacdaT _^X]c Uâ bWX_b WTPSX]V c^ 6ÛZÌTPSP CdaZThzb fTbcTa]\^bc _^X]c =Tf UTaaXTb aT_[PRTS ^[S RPa UTaaXTb [Pbc hTPa X\_aê X]V _PbbT]VTa R^\Uâc P]S RdccX]V S^f] caPeT[ cX\T c^ ^]T P]S P WP[U W^dab 0b cWT UTaah P__a^PRWTb cWT Xb [P]Szb :did WPaQâ QPaT WX[[b R^\T X]c^ eXTf SXbP_ _^X]cX]V b^\T 0b P \PccTa Û UPRc 6ÛZÌTPSPzb ^[STa ]P\T fPb 8\a^b cWT 6aTTZ V^S Û UTacX[Xch Uâ cWT QPaaT] CWXb Xb[P]S Xb ]^c ^][h PQ^dc bTP bd] QTPRWTb P]S Ud]* Xc Xb P \TTcX]V _^X]c Û ePaX^db Rd[cdaTb P]S aT[XVX^]b 8\a^b Xb bPXS c^ WPeT QTT] cWT W^\T Û cWT fâ[Szb ^[STbc RXeX[XiPcX^]b 8c fPb ad[TS Qh 1hiP]cXd\ ET]XRT P]S AdbbXP Qdc 6ÛZÌTPSP QT[^]VTS c^ cWT >cc^\P]b Uâ cWT [^]VTbc _TaX^S Û cX\T

64#8'. 6+25 )PX UP HFU UIFSF 4HE®4EKIRDA¬ ®-ALKARA ®+E«AN®AND®'ALLIPOLI ROADS®CAN®BE®USED®TO®REACH®+ABATEPE®HARBOR FOR®THOSE®WHO®WANT®TO®TRAVEL®TO®THE®ISLAND®FROM ¨STANBUL ®&ROM®THE®HARBOR ®TAKE®A®FERRY®TO®THE ISLAND ®)T®IS®ALSO®POSSIBLE®TO®GO®TO®THE®ISLAND WITH®FERRIES®DEPARTING®FROM® ANAKKALE 8IFSF UP TUBZ (OSTELS®AND®PENSIONS®ARE®QUITE®GOOD®IN ' K EADA ®/PTIONS®ARE®PLENTIFUL ®!®FEW®HOTELS OFFER®ACCOMMODATIONS ®BUT®DONgT®EXPECT®LUXU RY ®0RICES®ARE®LOWER®THAN®4URKEYgS®AVERAGE %XPECT®HOSTELS®OR®HOTELS®TO®GO®FOR®AROUND®94, ®PER®NIGHT

5VSLFZmT NPTU QSJTUJOF CFBDI ,FGBMPT :TUP[^b 1TPRW X] cWT eX[[PVT Û 0hS ]R Z Xb ^]T Û cWT QTbc _[PRTb Uâ fX]SbdaUX]V X] cWT fâ[S 1d[VPaXP] P]S 6aTTZ fX]SbdaUTab X] _PacXRd[Pa R^\T WTaT X] [PaVT ]d\QTab CWT QTPRW Xb d]QT[XTePQ[h R[TP] Qdc [PRZb UPRX[XcXTb P]S eXbXcâb \dbc SaXeT " ZX[^\TcTab Ua^\ :P[TZÛh c^ VTc WTaT :P[TZÛh cW^dVW Xb cWT \^bc XSTP[ _[PRT c^ fPcRW P bd]bTc P]S Q^Pbcb \P]h aTbcPdaP]cb P[^]V cWT R^Pbc cWPc bTaeT bTPU^^S

(SFFLT BOE 5VSLT MJWF TJEF CZ TJEF

(ÎL¿FBEBmT HFPHSBQIZ

7PeX]V W^bcTS ePaX^db Rd[cdaTb Uâ P eTah [^]V cX\T 6ÛZÌTPSP WPb QTT] W^\T c^ Q^cW 6aTTZb P]S CdaZb P]S R^]cX]dTb c^ QT c^ cWXb SPh CWT Xb[P]S WPb ^]T RXch P]S ]X]T eX[[PVTb >eTa ' % 6aTTZb [XeT WTaT PRRâS X]V c^ cWT [PcTbc RT]bdb \PX][h R^]RT]caPcTS X] :P[TZÛh CT_TZÛh IThcX][XZÛh 3TaTZÛh P]S cWT ^[S 1PST\[X eX[[PVT CWT 6aTTZb PaT UaTT c^ _aPRcXRT cWTXa aT[XVX^] P]S X] UPRc 6ÛZÌTPSP Xb W^\T c^ cWT WXVWTbc ]d\QTa Û RWdaRWTb X] P]h _Pac Û CdaZTh >]T Û 6ÛZÌTPSPzb \^bc QTPdcXUd[ eX[[PVTb Xb IThcX][XZÛh U^da ZX[^\TcTab Ua^\ cWT RXch 8c Xb cWT W^\T c^f] Û 6aTTZ >acW^S^g ?PcaXPaRW 1PacW^[^\Tf CWT _[PRT [^^Zb eTah \dRW Pb Xc SXS êTa cWT RT]cdaXTb fXcW TeT] cWT

6ÛZÌTPSP Xb ^]T ^U CdaZThzb [PaVTbc Xb [P]Sb 8c Xb \X[Tb Ua^\ cWT 6P[[X_^[X ?T]X]bd[P \X[Tb Ua^\ ;X\]X 8b[P]S P]S ! \X[Tb Ua^\ BT\PSXaTZ 8b[P]S <^bc ^U cWT Xb[P]S Xb \^d] cPX]^db

CM Y K

T10-12-08-08.qxd

11.08.2008

19:32

Page 1

C>30HzB I0<0=

6#.-5

.VHBCF DMBJNT GJOBM ;JNCBCXF EFBM WFSZ DMPTF IX\QPQfTP] ?aTbXST]c A^QTac <dVPQT bPXS ^] <^]SPh cWPc \PaPcW^] _^fTa bWPaX]V cP[Zb fXcW cWT ^__^bXcX^] fTaT PQ^dc [Xcc[T WdaS[Tb P]S cWT aXeP[b fTaT aTPRWX]V R^]bT]bdb ^] cWT fPh UâfPaS <dVPQT fPb SdT c^ aTbd\T cP[Zb [PcTa ^] <^]SPh fXcW ^__^bX cX^] [TPSTab ^] P STP[ cWPc R^d[S T]S P _^bc T[TRcX^] _^ [XcXRP[ RaXbXb P]S aPXbT W^_Tb Û TR^]^\XR aTRêTah CWT IX\QPQfTP] [TPSTa c^[S bd__âcTab Pc P aP[[h X] 7PaPaT cWPc cWTaT fPb _a^VaTbb X] cP[Zb fXcW ^__^bXcX^] <32 [TPSTa <âVP] CbeP]VXaPX P]S cWT [TPSTa Û P QaTPZ PfPh <32 UPRcX^] B^dcW 0UaXRP] ?aTbXST]c CWPQ^ <QTZX Xb \TSXPcX]V FT WPS P [^]V ]XVWc ]TV^cXPcX]V ^] b^\T [Xcc[T WdaS[Tb P]S 8 cW^dVWc 8 bW^d[S aPXbT \h UXbc Qdc WT <QTZX aT\PX]TS R^^[ P]S bPXS) y;Tc db R^] cX]dT cP[ZX]V <dVPQT bPXS X] P b_TTRW c^ W^]â cW^bT fW^ SXTS UXVWcX]V X] IX\QPQfT b [XQTaPcX^] fPa 7T WPb QTT] X] _^fTa bX]RT X]ST_T]ST]RT Ua^\ 1aXcPX] X] (' =TV^cXPcX^]b QTVP] [Pbc \^]cW PUcTa <dVPQT b d]^_ _^bTS aT T[TRcX^] X] 9d]T X] P _^[[ R^]ST\]TS cWa^dVW ^dc cWT fâ[S P]S Q^hR^ccTS Qh CbeP]VXaPX QTRPdbT Û PccPRZb ^] WXb bd__âcTab CWT [PcTbc \TTcX]V T]STS PU cTa # W^dab TPa[h ^] <^]SPh CbeP]VXaPX STR[X]TS c^ R^\\T]c PUcTa cWT [Pbc bTbbX^] Û cP[Zb *CTCTG 4GWVGTU

2#75'

*SBRJT TVTQFOE NJMJUBSZ PQFSBUJPOT JO %JZBMB

6 7 ' 5 & #; #7)756

3VTTJBO 1SJNF .JOJTUFS 1VUJO NBLFT IJT NPWF 01*/*0/

4QDGTV -CICP

50%":h4 ;"."/ CWT STcPX[b Û fW^ SXS fWPc c^ _aTRX_XcPcT AdbbXP b fPa PVPX]bc 6TâVXP PaT ]^c eTah X\_âcP]c 3^ h^d aTRP[[ cWT _aTRXbT STcPX[b Û cWT BdSTcT] 2aXbXb cWPc [TS c^ =PiX 6Ta\P]h b X]ePbX^] Û 2iTRW^b[êPZXP. >U R^dabT ]^c QTRPdbT cWPc \âP[[h P\QXVd^db SXb_dcT Xb aXVWc[h aT\T\QTaTS Pb P \X]â _Pac Û P \dRW QXVVTa SaP\P CWT TeT]cb Û cWT _Pbc fTTZ fX[[ QT aT\T\ QTaTS cWPc fPh c^^ CWXb fPa SXS ]^c QTVX] QT RPdbT Û P \XbRP[Rd[PcX^] Qh 6TâVXP] ?aTbXST]c <XZWPX[ BPPZPbWeX[X 8c Xb P fPa cWPc <^bR^f WPb QTT] PccT\_cX]V c^ _aê^ZT Uâ b^\T cX\T CWT \P] fW^ ^]RT RP[[TS cWT R^[[P_bT Û cWT BêXTc D]X^] cWT VaTPcTbc VT^_^[XcXRP[ RPcPbca^_WT Û cWT ! cW RT]cdah WPb aT TbcPQ[XbWTS P eXacdP[ RiPaXbc ad[T X] AdbbXP P]S Xb cahX]V c^ aTbcâT cWT R^d]cah c^ Xcb ^]RT S^\X]P]c a^[T X] 4daPbXP P]S cWT fâ[S 0a\TS fXcW fTP[cW Ua^\ ^X[ P]S VPb* W^[S X]V P ]TPa \^]^_^[h êTa cWT T]TaVh bd__[h c^ 4da^_T* fXcW P \X[[X^] b^[SXTab cW^dbP]Sb Û ]d R[TPa fPaWTPSb P]S cWT fâ[S b cWXaS [PaVTbc \X[X cPah QdSVTc ?aX\T <X]XbcTa E[PSX\Xa ?dcX] QT [XTeTb cWPc ]^f Xb cWT cX\T c^ \PZT WXb \êT 6TâVXP b d]WP__h UPcT Xb cWPc Xc QâSTab P ]Tf VT^_^[XcXRP[ UPd[c [X]T cWPc ad]b P[^]V cWT fTbcTa]

CWT 8aP`X VêTa]\T]c bPXS <^]SPh Xc WPb WP[cTS \X[XcPah ^_TaPcX^]b X] 3XhP[P _aêX]RT Uâ P fTTZ c^ VXeT X]bda VT]cb cX\T c^ bdaaT]STa TeT] Pb STPS[h Q^\QX]Vb bcadRZ cWT PaTP ]âcWTPbc Û 1PVWSPS 8] cWT \^bc SaP\PcXR Pc cPRZ P UT\P[T bdXRXST Q^\QTa bcadRZ P \PaZTc RWTRZ_^X]c X] cWT _aêX]RXP[ RP_XcP[ Û 1P`^dQP ZX[[X]V Pc [TPbc ^]T _^ [XRT\P] P]S f^d]SX]V # ^cWTa _T^_[T X]R[dSX]V ]X]T Û UXRTab ÛUXRXP[b bPXS CWTh b_^ZT ^] R^]SXcX^] Û P]^]h\Xch QTRPdbT cWTh fTaT ]^c PdcWâXiTS c^ cP[Z c^ \TSXP CWT f^\P] STc^]PcTS Tg_[^bXeTb WXSST] d]STa WTa P[[ T] R^\_PbbX]V caPSXcX^]P[ Q[PRZ a^QT Pb bWT P__a^PRWTS cWT RWTRZ_^X]c \P]]TS Qh 8aP`X _^[XRT Pc cWT RT]caP[ \PaZTc fXc]TbbTb bPXS CWT Q[Pbc bT]c Q[PRZ b\^ZT QX[[^fX]V X]c^ cWT bZh 8aP`X bTRdaXch UâRTb QTVP] bW^^cX]V X]c^ cWT PXa c^ R[TPa cWT PaTP fWX[T bW^__Tab P]S bW^_ ^f]Tab QTVP] bW^dcX]V P]S ad]]X]V Ua^\ cWT bXcT 0]^cWTa Q^\Q Tg _[^STS X] cWT FXYPXWXhPW PaTP PQ^dc ! \X[Tb ! ZX[^\T cTab TPbc Û 1P`^dQP ZX[[X]V cf^ f^\T] P]S f^d]SX]V U^da _T^_[T X]R[dSX]V P RWX[S PRRâSX]V c^ cWT 3XhP[P bT RdaXch ^_TaPcX^]b RT]cTa B_âPSXR PccPRZb WPeT R^]cX]dTS X] 3XhP[P X]R[dSX]V bTeTaP[ RPaaXTS ^dc Qh f^\T] STb_XcT P ]Tf DB 8aP`X \X[XcPah ^_TaPcX^] [Pd]RWTS [Pbc \^]cW X] cWT [PcTbc VêTa]\T]c RaPRZS^f] PVPX]bc bdb_TRcTS X]bdaVT]c WXST^dcb X] cWT PaTP $CIJFCF #2

DB BTRaTcPah Û BcPcT 2^]S^[TTiiP AXRT c^[S 9P_P] cWPc FPbWX]Vc^] f^d[S ]^c aT\êT =âcW :âTP Ua^\ P DB [Xbc Û bcPcT b_^] bâb Û cTaaâXb\ ^] cWT X]XcXP[ STPS[X]T Û <^]SPh 9P_P] b UâTXV] \X]XbcTa bPXS CWT FWXcT 7^dbT WPS \PST R[TPa cWPc Xc SXS ]^c Tg_TRc P STP[ fXcW ?h^]VhP]V Qh <^]SPh Uâ _aTbT]cX]V P eTaXUXRPcX^] _[P] Uâ Xcb ]dR[TPa _a^VaP\b Qdc Xc WPS bPXS cP[Zb f^d[S R^]cX]dT CWT ST[Ph fPb [XZT[h c^ QT fT[R^\T X] 9P_P] fWTaT \P]h PaT R^]RTa]TS cWPc P] TPbX]V Û DB bP]RcX^]b PVPX]bc ?h^]VhP]V f^d[S [TbbT] C^Zh^ b RWP]RTb Û bTcc[X]V P UTdS êTa Xcb RXcXiT]b PQSdRcTS Qh =âcW :âTP] PVT]cb STRPSTb PV^ 9P_P]TbT 5âTXV] <X]XbcTa <PbPWXZ^ :^\daP c^[S aT_âcTab cWPc AXRT WPS X]Uâ\TS WX\ Û cWT ST[Ph X] cWT ST[XbcX]V X] P cT[T_W^]T R^]eTabPcX^] FPbWX]Vc^] WPS _a^\XbTS =âcW :âTP Xc R^d[S QT aT\êTS Ua^\ P DB [Xbc Û cTaaâXb\ b_^]bâX]V bcPcTb Pb TPa[h Pb 0dV XU P a^Qdbc eTaXUXRPcX^] _[P] fPb X] _[PRT Qdc DB ÛUXRXP[b WPeT PbbTacTS cWXb fPb P \X]X\d\ cX\T[X]T aPcWTa cWP] P UXgTS SPcT AT\êP[ Ua^\ cWT cTaaâXb\ Q[PRZ[Xbc f^d[S bTT P] T]S c^ DB bP]RcX^]b cWPc WPeT \^bc[h Rdc ÛU =âcW :âTP Ua^\ X]

$POEPMFF[[B 3JDF cTa]PcX^]P[ QP]ZX]V P]S f^d[S P[b^ R[TPa cWT fPh Uâ \d[cX[PcTaP[ PXS _PRZPVTb 8] [PcT 9d]T =âcW :âTP _aTbT]cTS P [^]V ST[PhTS PRR^d]cX]V Û Xcb ]dR[TPa fTP_^]b _a^VaP\ ZXRZX]V ÛU cWT #$ SPh _a^RTbb c^ aT\êT ?h^]VhP]V Ua^\ cWT cTaaâXb\ Q[PRZ[Xbc CWT ]Tfb b_PaZTS ^dc aPVT Ua^\ aT[PcXeTb Û cW^bT 9P_P]TbT b]PcRWTS PfPh X] cWT (& b P]S (' b P]S Ua^\ b^\T _^[XcXRXP]b fW^ UTPa P [TbbT] X]V Û DB _aTbbdaT ^] ?h^]VhP]V fX[[ [TbbT] RWP]RTb Û aTb^[eX]V cWT SXb_dcT êTa cWT PQSdRcTTb >] <^]SPh 9P_P]TbT P]S =âcW :âTP] ÛUXRXP[b QTVP] cf^ SPhb Û cP[Zb X] cWT ]âcWTPbcTa] 2WX]TbT RXch Û BWT]hP]V ^] cWT PQSdRcX^]b Qdc \TSXP aT_âcTS P [PRZ Û eXbXQ[T _a^VaTbb

9P_P] bPXS X] TPa[h 9d]T cWPc Xc f^d[S [XUc b^\T Û Xcb ^f] bP]RcX^]b PVPX]bc =âcW :âTP X\_^bTS X] ! % PUcTa ?h^]VhP]V R^]SdRcTS P ]dR[TPa cTbc P]S cTbc [Pd]RWTS QP[[XbcXR \XbbX[Tb QTRPdbT ?h^]VhP]V WPS PVaTTS c^ aT^_T] P _a^QT X]c^ cWT UPcT Û cWT PQSdRcTTb 1dc C^Zh^ [PcTa bPXS [XUcX]V cWT bP]RcX^]b WX]VTS ^] P] PVaTT\T]c ^] W^f cWT aTX]eTbcXVPcX^] f^d[S QT R^]SdRcTS CWT PQSdRcX^]b PaT P] T\^cXeT XbbdT X] 9P_P] P]S P \PYâ ^QbcPR[T c^ TbcPQ[XbWX]V SX_[^\PcXR cXTb QTcfTT] C^Zh^ P]S ?h^]VhP]V FT fX[[ RPaah ^dc cWT TPbX]V Û b^\T bP]RcX^]b fWX[T bTTX]V W^f cWTh PRc 9P_P]TbT UâTXV] \X]Xbcah ÛUXRXP[ 0ZXcPZP BPXZX fPb `d^cTS Pb bPhX]V Qh :h^S^ ]Tfb PVT]Rh PUcTa cP[Zb fXcW WXb =âcW :âTP] R^d]cTa_Pac C^Zh^ P[b^ X]bXbcb Xc fX[[ ]^c _aêXST T]TaVh Pb _Pac Û P \d[ cX[PcTaP[ STP[ PX\TS Pc T]SX]V cWT bTRaT cXeT R^\\d]Xbc bcPcT b ]dR[TPa _a^VaP\b d][Tbb cWT PQSdRcX^] XbbdT Xb bTcc[TS =âcW :âTP PS\XccTS X] ! ! cWPc Xcb PVT]cb WPS PQSdRcTS " 9P_P]TbT 5XeT fTaT aT_PcaXPcTS cWPc hTPa Qdc 9P_P] fP]cb \âT X]Uâ\PcX^] PQ^dc TXVWc fW^ cWT =âcW X]bXbcb PaT STPS P]S P]^cWTa U^da fW^\ 9P_P] bPhb fTaT P[b^ ZXS]P__TS 6QM[Q 4GWVGTU

?7>C>

A4DC4AB

:X]V 0QSd[[PW Û 9âSP] QTRP\T ^] <^]SPh cWT UXabc 0aPQ [TPSTa c^ eXbXc 8aP` bX]RT cWT UP[[ Û BPSSP\ 7dbbTX] X] ! " U[hX]V c^ 1PVWSPS Uâ P \TTcX]V fXcW ?aX\T <X]XbcTa =^daX P[ <P[XZX CWT eXbXc Xb [XZT[h c^ QT bTT] X] cWT aTVX^] Pb P] X\_âcP]c bcT_ c^fPaS aTSdRX]V cWT _^ [XcXRP[ Xb^[PcX^] Û cWT BWXXcT [TS 8aP`X VêTa]\T]c P\^]V cWT \PX][h Bd]]X <db[X\ VêTa]\T]cb Û ^cWTa 0aPQ bcPcTb FPbWX]Vc^] WPb [^]V daVTS 8aP` b 0aPQ ]TXVWQâb c^ S^ \âT c^ T\QaPRT 1PVWSPS 0QSd[[PW P]S <P[XZX SXbRdbbTS cWT _a^VaTbb \PST X] 8aP` P]S Tb_TRXP[[h cWT VaTPc bdRRTbb PRWXTeTS Qh cWT VêTa]\T]c Û 8aP` X] cWT bTRdaXch UX[T <P[XZX b ÛUXRT bPXS X] P bcPcT\T]c 9âSP] Xb ^]T Û P b\P[[ ]d\QTa Û 0aPQ R^d]caXTb c^ WPeT ]P\TS P\QPbbPSâb Uâ 8aP` P[cW^dVW cWT T]e^h WPb ]^c hTc cPZT] d_ cWT _^bc BTeT]cTT] _T^_[T fTaT ZX[[TS ^dcbXST cWT 9âSP]XP] T\QPbbh X] 0dVdbc ! " X] fWPc fPb ^]T Û cWT TPa[XTbc \PYâ PccPRZb Qh P cWT] ]PbRT]c X]bda VT]Rh =^ 0aPQ P\QPbbPSâ WPb QTT] bcPcX^]TS _Ta \P]T]c[h X] 8aP` bX]RT 4Vh_c b T]e^h fPb ZXS]P__TS P]S ZX[[TS bWâc[h PUcTa PaaXeX]V X] ! $ $CIJFCF 4GWVGTU

0] 8]S^]TbXP] _X[^c _[TPSTS ]^c VdX[ch <^]SPh c^ RWPaVTb WT ST[XQTaPcT[h RaPbW [P]STS P _PbbT]VTa YTc [Pbc hTPa ZX[[X]V ! _T^_[T 2P_c <Paf^c^ :^\Pa fW^ UPRTb P \PgX\d\ _T]P[ch Û [XUT X\_aXb^]\T]c fPb U[h X]V P 6PadSP 1^TX]V &"& # cWPc êTabW^c cWT ad]fPh Pc H^VhPZPacP PXa_âc ^] <PaRW & ! & P]S cWT] Qdabc X]c^ U[P\Tb 7T Xb QT[XTeTS c^ QT cWT UXabc _X[^c c^ UPRT RaX\X]P[ RWPaVTb X] 8]S^]TbXP fWXRW WPb WPS P bcaX]V Û STPS[h PeXPcX^] PRRXST]cb X] aTRT]c hTPab CWXb fPb X] ]^ fPh X]cT]cX^]P[ :^\Pa c^[S cWT H^VhPZPacP SXbcaXRc R^dac PSSX]V cWPc P[[ _WhbXRP[ P]S _bhRW^[^VXRP[ cTbcb cPZT] PUcTa cWT PRRXST]c bW^fTS WT fPb X] V^^S R^]SX cX^] c^ U[h FWh f^d[S 8 S^ P]hcWX]V c^ STbca^h \h !! hTPa RPaTTa. WT PbZTS cTPaUd[[h 0b cWT QPRZQ^]T Û cWT UP\X[h 8 eT STbca^hTS cWT W^_Tb Û \h fXUT P]S ^da cf^ RWX[SaT] 0\^]V cW^bT ZX[[TS fTaT UXeT 0dbcaP[XP]b X]R[dSX]V P Y^da]P[Xbc P]S VêTa]\T]c P]S _^[XRT ÛUXRXP[b 0 VêTa]\T]c X]eTbcXVPcX^] [Pbc hTPa U^d]S :^\Pa Pc UPd[c bPhX]V WT P__a^PRWTS cWT ad]fPh Pc P[\^bc S^dQ[T cWT ]â\P[ [P]SX]V b_TTS P]S XV]âTS WXb R^_X[^c b _[TPb P]S fPa]X]V bXV]b Ua^\ cWT PXa_[P]T b \^]Xcâb c^ PQP]S^] cWT [P]SX]V PccT\_c ;QI[CMCTVC #2

fâZ FWX[T AdbbXP] Q^\QTab PccPRZ 6TâVXP] _âcb P]S QPbTb 4da^_TP]b P]S 0\TaXRP]b X]R[dSX]V eTah bT]Xâ ÛUXRXP[b X] cWT 1dbW PS\X]XbcaPcX^] Q[P\T cWT FTbc Uâ _dbWX]V AdbbXP c^^ WPaS ^] c^^ \P]h XbbdTb 8c Xb cadT cWPc \P]h AdbbXP]b fTaT Wd\X[XPcTS Qh cWT fPh cWT 2^[S FPa T]STS P]S ?dcX] WPb _Ta bdPSTS \P]h c^ Q[P\T 1âXb HT[cbX] P]S AdbbXP] ST\^RaPcb Uâ cWXb bdaaT]STa c^ cWT FTbc CWT \^^S Xb aT\X]XbRT]c Û 6Ta\P]h PUcTa Fâ[S FPa 8 fWT] 6Ta\P]b R^\_[PX]TS PQ^dc cWT bWP\TUd[ ETabPX[[Tb SXZcPc X\_^bTS ^] P _a^bcaPcT 6Ta\P]h Qh cWT eXRcâX^db _^fTab P]S PQ^dc cWT Râad_c _^[XcXRXP]b fW^ bcPQQTS cWT ]PcX^] X] cWT QPRZ =^f Pb cWT] cWTbT UTT[X]Vb PaT d]STabcP]SPQ[T =^f Pb cWT] W^fTeTa cWTh PaT QTX]V \P]X_d[PcTS c^ YdbcXUh Pdc^RaPRh Pc W^\T P]S c^ R^]eX]RT FTbcTa] _^fTab cWPc PRR^\\^SPcX^] â c^ dbT cWT ^]RT aTb_TRcPQ[T cTa\ P__TPbT\T]c Xb cWT QTbc _^[XRh 1dc cWT aTP[Xch Xb cWPc ^] \^bc Û cWTbT XbbdTb Xc Xb AdbbXP ]^c cWT FTbc â [Xcc[T 6TâVXP cWPc Xb S^ X]V cWT _dbWX]V 8c fPb AdbbXP cWPc aPXbTS P RWP[ [T]VT X] :^bê^ P _[PRT fWTaT <^bR^f WPS ]^ SXbRTa]XQ[T X]cTaTbcb QTh^]S cWT Tg_aTbbTS _P] B[PeXR b^[XSPaXch 8c fPb AdbbXP cWPc STRXSTS c^ cda] P \X]â ST_[^h\T]c Û P UTf STUT]bXeT X]cTaRT_câb X] ?^[P]S fWXRW R^d[S ]^c _^bbXQ[h QT dbTS PVPX]bc AdbbXP b ePbc \XbbX[T PabT]P[ X]c^ P \PYâ VT^_^[XcX RP[ R^]Ua^]cPcX^] 0]S Xc Xb AdbbXP cWPc WPb _aTRX_X cPcTS P fPa PVPX]bc 6TâVXP Qh T]R^daPVX]V B^dcW >bbTcXP] aTQT[b c^ aPXbT cWT _aTbbdaT ^] CQX[XbX P]S

8BTIJOHUPO IBE QSPNJTFE 1ZPOHZBOH JU DPVME CF SFNPWFE GSPN UIF UFSSPS MJTU BT FBSMZ BT "VH JG B SPCVTU OVDMFBS WFSJGJDBUJPO QMBO XBT JO QMBDF

+PSEBO T "CEVMMBI GJSTU "SBC MFBEFS UP WJTJU *SBR

%#5'

P]S b^dcWfTbcTa] Ua^]cXTab Û AdbbXP 5a^\ cWT 1P[cXRb X] cWT ]âcW cWa^dVW 2T]caP[ 4da^_T P]S cWT 1P[ZP]b c^ cWT 2PdRPbdb P]S 2T]caP[ 0bXP P VT^_^ [XcXRP[ _^fTa bcadVV[T WPb T\TaVTS QTcfTT] P aTbda VT]c P]S aTeP]RWXbc AdbbXP ^] ^]T bXST P]S cWT 4da^_TP] D]X^] P]S cWT D]XcTS BcPcTb ^] cWT ^cWTa ?dcX] b PVVaTbbX^] PVPX]bc 6TâVXP bW^d[S ]^c QT caPRTS ^][h c^ Xcb =0C> Pb_XaPcX^]b â WXb _X`dT Pc :^bê^ b X]ST_T]ST]RT 8c Xb _aX\PaX[h P aTb_^]bT c^ cWT R^[â aTe^[dcX^]b X] DZaPX]T P]S 6TâVXP X] ! " P]S ! # fWT] _a^ FTbcTa] VêTa]\T]cb aT _[PRTS _a^ AdbbXP] ^]Tb FWPc cWT FTbc RT[TQaPcTS Pb P U[^fTaX]V Û ST\^RaPRh cWT Pdc^RaPcXR ?dcX] bPf Pb VT^_^[XcXRP[ P]S XST^[^VXRP[ T]RXaR[T\T]c 4eTa bX]RT ?dcX] WPb QTT] STcTa\X]TS c^ bc^_ P]S XU _^bbXQ[T aTeTabT cWT _a^ FTbcTa] caT]S ^] WXb QâSTab 7T bTTZb ]^c ^][h c^ _aTeT]c 6TâVXP P]S DZaPX]T Ua^\ Y^X]X]V =0C> Qdc P[b^ c^ QaX]V cWT\ d]STa AdbbXP] R^]ca^[ 1Th^]S cWPc WT bTTZb c^ RPaeT ^dc P i^]T Û X]U[dT]RT fXcWX] =0C> fXcW P [TbbTa bTRdaXch bcPcdb Uâ R^d]caXTb P[^]V AdbbXP b bcaPcTVXR U[P]Zb CWPc Xb cWT _aX\Pah \^cXeT QTWX]S <^bR^f b ^__^bXcX^] c^ DB \XbbX[T STUT]bT _a^ VaP\b X] ?^[P]S P]S cWT 2iTRW AT_dQ[XR 7Xb fPa PVPX]bc 6TâVXP Xb _Pac Û cWXb VaP]S bcaPcTVh ?dcX] RPaTb ]^ \âT PQ^dc P UTf cW^d bP]S B^dcW >bbTcXP]b cWP] WT S^Tb PQ^dc :^bê^ b BTaQb 2[PX\b Û _P] B[PeXR bh\_PcWh PaT _aTcTgcb STbXV]TS c^ UP] AdbbXP] VaTPc _^fTa ]PcX^]P[Xb\ Pc W^\T P]S c^ Tg_P]S AdbbXP b _^fTa PQa^PS D]Uâcd]PcT[h bdRW cPRcXRb P[fPhb bTT\ c^

64 XêMM OPU UBLF /PSUI ,PSFB PGG TQPOTPST PG UFSSPSêTN MêTU

64+2

1JMPU QMFBET JOOPDFOU JO *OEPOFTJB DSBTI

F>A;3

.ORTH®+OREAN®LEADER®+IM®*ONG IL® 2 ®TALKS®WITH®FEMALE®SOLDIERS®DURING®HIS®VISIT®TO®A®MILITARY®UNIT®AT®AN®UNDISCLOSED®LOCATION®IN®.ORTH®+OREA

\PZT ST\P]Sb cWPc ]^ 6TâVXP] [TPSTa R^d[S PR RT_c 8U BPPZPbWeX[X WPS ]^c UP[[T] X]c^ ?dcX] b caP_ cWXb cX\T b^\TcWX]V T[bT f^d[S WPeT TeT]cdP[[h b_PaZTS cWT R^]U[XRc 3X_[^\Pcb X] 4da^_T P]S FPbWX]Vc^] QT[XTeT BPPZPbWeX[X \PST P \XbcPZT Qh bT]SX]V ca^^_b c^ B^dcW >bbTcXP [Pbc fTTZ ?TaWP_b 1dc WXb cad[h \^]d\T]cP[ \XbcPZT fPb c^ QT _aTbX ST]c Û P b\P[[ \^bc[h ST\^RaPcXR P]S PSP\P]c[h _a^ FTbcTa] ]PcX^] ^] cWT QâSTa Û ?dcX] b AdbbXP 7XbcâXP]b fX[[ R^\T c^ eXTf 0dV ' ! ' Pb P cda]X]V _^X]c ]^ [Tbb bXV]XUXRP]c cWP] =ê ( ('( fWT] cWT 1Ta[X] FP[[ UT[[ AdbbXP b PccPRZ ^] bêTa TXV] 6TâVXP] cTaaXcâh \PaZTS cWT ÛUXRXP[ aTcda] Û WXbcâh X]STTS c^ P] P[\^bc (cW RT]cdah bch[T Û VaTPc _^fTa R^\_TcXcX^] R^\_[TcT fXcW eXad[T]c ]PcX^]P[Xb\b QPcc[Tb Uâ aTb^daRTb bcadVV[Tb êTa b_WTaTb Û X]U[dT]RT P]S cTaaXcâh P]S TeT] cW^dVW Xc bW^RZb ^da ! bc RT]cdah bT]bXQX[XcXTb cWT dbT Û \X[XcPah _^fTa c^ ^QcPX] VT^_^[XcXRP[ ^QYTR cXeTb HTb fT fX[[ R^]cX]dT c^ WPeT V[^QP[XiPcX^] TR^]^\XR X]cTaST_T]ST]RT cWT 4da^_TP] D]X^] P]S ^cWTa TUUâcb c^ QdX[S P \âT _TaUTRc X]cTa]P cX^]P[ âSTa 1dc cWTbT fX[[ R^\_TcT fXcW P]S Pc cX\Tb QT êTafWT[\TS Qh cWT WPabW aTP[XcXTb Û X] cTa]PcX^]P[ [XUT cWPc WPeT T]SdaTS bX]RT cX\T X\\T \âXP[ CWT ]Tgc _aTbXST]c WPS QTccTa QT aTPSh A^QTac :PVP] Xb P bT]Xâ Pbb^RXPcT Pc cWT 2Pa]TVXT 4]S^f\T]c Uâ 8]cTa]PcX^]P[ ?TPRT 7Xb \^bc aTRT]c Q^^Z Xb CWT ATcda] Û 7Xbcâh P]S cWT 4]S Û 3aTP\b 7T bTaeTS X] cWT BcPcT 3T_Pac\T]c X] cWT ATPVP] PS\X]XbcaPcX^] 6JG 9CUJKPIVQP 2QUV

#VTI XSBQT VQ XIBU JT MJLFMZ IJT MBTU USJQ UP "TJB DB ?aTbXST]c 6TâVT F 1dbW X]RaTPbX]V[h SXbcaPRc TS Qh AdbbXP b WPabW \X[XcPah RaPRZS^f] X] 6TâVXP c^^Z X] ^]T UX]P[ V^[ST] >[h\_XR \^\T]c ^] <^]SPh cWT] T]STS fWPc fPb [XZT[h WXb [Pbc caX_ c^ 0bXP QTUâT WT [TPeTb cWT FWXcT 7^dbT 8c P__TPaTS cWPc 1dbW fPb <XRWPT[ ?WT[_b [dRZh RWPa\ Pb WT fT]c c^ cWT FPcTa 2dQT Uâ cWT bTR^]S bcaPXVWc SPh c^ fPcRW cWT 0\TaXRP] bfX\\Ta b _dabdXc Û <PaZ B_Xci b aTRâS Û bTeT] V^[S \TSP[b CWT _aTbXST]c fXc]TbbTS P bcd]]X]V R^\TQPRZ Pb cWT # \TcTa UaTTbch[T DB aT[Ph cTP\ aP[[XTS c^ fX] VXeX]V ?WT[_b WXb bTR^]S V^[S P]S bTR^]S fâ[S aTRâS WTaT 1dc <^bR^f b \X[XcPah ÛUT]bXeT X] cWT Uâ\Ta BêXTc aT_dQ[XR Û 6TâVXP fPb P[fPhb [^^\X]V X] cWT QPRZVa^d]S 8] P] X]cTaeXTf fXcW =12 B_âcb 1dbW RaXcXRXiTS cWT eX^[T]RT RP[[X]V Xc d]PRRT_cPQ[T P]S AdbbXP b aTb_^]bT SXb_a^_âcX^]PcT CWT D]XcTS BcPcTb Xb fPVX]V P] P[[ ^dc RP\_PXV] c^ VTc AdbbXP c^ WP[c Xcb aTcP[XPcX^] PVPX]bc 6TâVXP Uâ cahX]V c^ cPZT R^]ca^[ Û cWT QaTPZPfPh _aêX]RT Û B^dcW >bbTcXP 8 eT Tg_aTbbTS \h VaPeT R^]RTa] PQ^dc cWT SXb_a^ _âcX^]PcT aTb_^]bT Û AdbbXP P]S cWPc fT bca^]V[h R^]ST\] cWT Q^\QX]V ^dcbXST Û B^dcW >bbTcXP 1dbW bPXS 7T bPXS WT SXS b^ SXaTRc[h c^ ?aX\T <X]XbcTa E[PSX\Xa ?dcX] QTUâT cWT ^_T]X]V RTaT\^]XTb [Pbc 5aXSPh ?dcX] [TUc 2WX]P cWT ]Tgc SPh P]S Qh _W^]T c^ AdbbXP] ?aTbXST]c 3\XcaX <TSeTSTe 8 fPb eTah UXa\ fXcW E[PSX\Xa ?dcX] 1dbW bPXS 7^_TUd[[h cWXb fX[[ VTc aTb^[eTS _TPRTUd[[h EXRT ?aTbXST]c 3XRZ 2WT]Th c^[S 6TâVXP b _a^ 0\TaXRP] _aTbXST]c cWPc AdbbXP] PVVaTbbX^] \dbc ]^c V^ d]P]bfTaTS P]S cWPc Xcb R^]cX]dPcX^] f^d[S WPeT bTaX^db R^]bT`dT]RTb Uâ Xcb aT[PcX^]b fXcW cWT D]XcTS BcPcTb 2WT]Th b ÛUXRT aT_âcTS Bd]SPh $GKLKPI #2

1IJMJQQJOFT QPVOET SFCFM QPTJUJPOT UIPVTBOET GMFF ?WX[X__X]T PccPRZ PXaRaPUc P]S PacX[[Tah Q^\QTS <db[X\ aTQT[ _^bXcX^]b Uâ P bTR^]S SPh ^] <^]SPh aPXbX]V UTPab Û P Wd\P]XcPaXP] SXbPbcTa X] cWT b^dcW fXcW ]TPa[h " aTUdVTTb UâRTS c^ U[TT FT PaT R^]SdRcX]V PXa bcaXZTb R[^bT PXa bd__âc c^ ^da Va^d]S UâRTb >da UâRTb PaT X]RWX]V X] c^fPaSb cWT SXUUTaT]c QPaP]VPhb eX[[PVTb fXcW cWT ^QYTRcXeT Û R[TPa X]V cWT\ bPXS ;c 6T] 2PaSî^ ;d]P ST_dch \X[XcPah RWXTU >U R^dabT fT dbT QXV fTP_^]b [XZT PacX[[Tah CWT \X[XcPah X]bXbcTS cWT R[PbWTb f^d[S ]^c b_aTPS Qdc \T\QTab Û cWT <â^ 8b[P\XR ;XQTaPcX^] 5a^]c <8;5 PccPRZTS P c^f] ^] cWT Xb[P]S Û 1PbX[P] Pa^d]S ! Z\ !$ \X[Tb b^dcWfTbc Û fWTaT cWT \PX] UXVWcX]V fPb cPZX]V _[PRT P]S SXb ad_cTS e^cX]V X] [^RP[ T[TRcX^]b cWTaT CWT bT_PaPcXbc <8;5 WPS RP[[TS Uâ T[TRcX^]b X] cWT bXg _aêX]RT 0dc^]^\^db ATVX^] X] <db[X\ <X]SP]P^ 0A<< c^ QT RP]RT[[TS QTRPdbT cWTh fP]c P ]Tf <db[X\ W^\T[P]S fXcW \âT _^[XcXRP[ _^fTab TbcPQ[XbWTS Pb _Pac Û P _TPRT STP[ BTeT] aTQT[b cWaTT b^[SXTab P]S cWaTT RXeX[XP]b fTaT ZX[[TS X] cWT QPcc[T Uâ $ eX[[PVTb X] =âcW 2^cPQPc^ _aêX]RT cWT \X[XcPah bPXS CWT <8;5 bPXS U^da Û Xcb \T\QTab WPS QTT] ZX[[TS P]S cWaTT f^d]STS <P]X[P b\PacX]V Ua^\ PRRdbPcX^]b Xc WPS PQP] S^]TS \PYâXch 2PcW^[XRb WPb e^fTS c^ U[dbW Wd] SaTSb Û <8;5 aTQT[b ^dc Û cWT PaTP CWT \X[XcPah bPXS cf^ eX[[PVTb fTaT ]^f R[TPa Û aTQT[b >] 1PbX[P] cWaTT _T^_[T X]R[dSX]V ^]T b^[SXTa P]S cf^ RXeX[XP]b fTaT ZX[[TS PUcTa Pa^d]S " <8;5 VdTaaX[[Pb Pc cPRZTS cWT RT]caT Û cWT c^f] P]S SXbad_cTS _^[[X]V 8c fPb P bda_aXbT PccPRZ P]S cWT PaTP [^^Zb [XZT P VW^bc c^f] ]^f bPXS <Phâ C^]V 8bcPa^[ /CPKNC 4GWVGTU

T11-12-08-08.qxd

11.08.2008

19:22

Page 1

F>A;3

105.#7)*6

64 LJMMT NJMJUBOUT "GHIBO IPTUBHFT 0 bTaXTb Û R[PbWTb P]S P] PXabcaXZT X] b^dcWTa] 0UVWP]XbcP] ZX[[TS !$ \X[XcP]cb P]S TXVWc RXeX[XP]b WT[S W^bcPVT Qh X]bdaVT]cb cWT DB [TS R^P[XcX^] bPXS X] P bcPcT\T]c <^]SPh <X[XcP]cb P\QdbWTS cWT R^P[XcX^] P]S 0UVWP] ca^^_b P[^]V P a^PS X] cWT b^dcWTa] _aêX]RT Û DadiVP] ^] Bd]SPh caXVVTa X]V Vd]QPcc[Tb SdaX]V fWXRW \X[XcP]cb \êTS X]c^ P R^\_^d]S P]S c^^Z RXeX[XP]b W^bcPVT cWT bcPcT \T]c bPXS 2^P[XcX^] ca^^_b RP[[TS X] R[^bT PXa bd_ _âc c^ T]VPVT cWT \X[XcP]cb WXSX]V X] cWT bcadRcdaT CWTh SXS ]^c WPeT Z]^f[TSVT Û ]^]R^\QPcP]cb X] cWT QdX[SX]Vb Pc cWPc cX\T cWT R^P[XcX^] bcPcT\T]c bPXS 0b P aTbd[c TXVWc RXeX[XP]b fTaT ZX[[TS P]S cWaTT fTaT f^d]STS cWT R^P[XcX^] bPXS CWT f^d]STS RXeX[XP]b fTaT cPZT] c^ P R^P[XcX^] QPbT Uâ caTPc\T]c DB bc ;c =PcWP] ?Taah P R^P[XcX^] b_^ZTb\P] bPXS cWaTT RXeX[XP] W^bcPVTb bdaeXeTS cWT PXabcaXZT X] :WPb DadiVP] SXbcaXRc X]R[dSX]V P] X]UP]c P \P] X] WXb # b P]S P f^\P] X] WTa ! b 9d\P 6d[ 7X\Pc cWT _aêX]RXP[ _^[XRT RWXTU bPXS bXg RXeX[XP]b ^]T RWX[S P]S UXeT \T] fTaT ZX[[TS P]S cWaTT ^cWTab fTaT f^d]STS X] cWT bcaXZT 7T R^d[S ]^c X\\TSXPcT[h Tg_[PX] fWh cWT R^P[XcX^] bPXS TXVWc RXeX[XP]b fTaT ZX[[TS -CDWN #2

6'05+10

0CBNB OBNFT $MJOUPO BT DPOWFOUJPO IFBEMJOF TQFBLFS 1PaPRZ >QP\P bcX[[ cahX]V c^ S^dbT T\QTab Û aTbT]c\T]c P\^]V QPRZTab Û 7X[[Pah A^SWP\ 2[X]c^] bPXS cWT =Tf HâZ bT]Pcâ fX[[ WPeT c^_ QX[[X]V ^] cWT bTR^]S ]XVWc Û cWT 3T\^RaPcXR R^]eT]cX^] [PcTa cWXb \^]cW X] 3T]eTa >QP\P b RP\_PXV] RP[[TS cWT Uâ\Ta UXabc [PSh fW^ ]TPa[h d_T]STS >QP\P b QXS Uâ cWT 3T\^RaPcXR ]^\X]PcX^] X] P] TgcT]STS P]S ÛcT] QXccTa _aX\Pah bTPb^] P RWP\_X^] Uâ fâZX]V UP\X[XTb P]S ^]T Û cWT \^bc TUUTRcXeT P]S T\_PcWTcXR e^XRTb X] cWT R^d]cah c^SPh BWT fX[[ b_TPZ ^] CdTbSPh 0dV !% cWT ''cW P]]XeTabPah Û DB f^\T] b aXVWc c^ e^cT CWTaT bcX[[ fPb ]^ fâS ^] fWTcWTa 2[X]c^] f^d[S bTTZ P a^[[ RP[[ e^cT Uâ WTa RP]SXSPRh Pb P \TP]b Û P[[^fX]V WTa [PaVT Q[^R Û ST[TVPcTb c^ Tg_aTbb P RPcWPacXR Tg_aTbbX^] Û bd__âc QTUâT UP[[X]V X] [X]T QTWX]S >QP\P 2[X]c^] b WdbQP]S Uâ\Ta ?aTbXST]c 1X[[ 2[X]c^] fW^ WPb ÛUTaTS ^] [h cT_XS bd__âc Uâ >QP\P fPb ]^c [XbcTS X] cWT RP\_PXV] b ]Tfb aT[TPbT P[cW^dVW Xc WPb bPXS WT f^d[S b_TPZ ^] cWT cWXaS ]XVWc Û cWT R^]eT]cX^] CWT WTPS[X]Ta ^] cWPc ]XVWc cWT RP\ _PXV] bPXS Bd]SPh f^d[S QT >QP\P b Pb hTc d]P]]^d]RTS eXRT _aTbXST]cXP[ bT[TRcX^] >QP\P Xb Tg_TRcTS c^ QTR^\T cWT _Pach b UXabc Q[PRZ _aTbXST]cXP[ ]^\X]TT ^] cWT U^dacW P]S UX]P[ ]XVWc Pb cWT R^]eT]cX^] \êTb Ua^\

3JPU CSFBLT PVU JO .POUSFBM BGUFS NBO TIPU

cWT X]S^â ?T_bX 0aT]P c^ P QXVVTa eT]dT Pc 8]eTbR^ 5XT[S Pc 3T]eTa b <X[T 7XVW bcPSXd\ CWPc ]XVWc Xb cWT # cW P]]XeTabPah Û <PacX] ;dcWTa :X]V b 8 7PeT P 3aTP\ b_TTRW >QP\P fW^ Xb ^] ePRPcX^] eXbXcX]V WXb VaP]S \^cWTa X] WXb QXacW bcPcT Û 7PfPXX P]S AT_dQ[XRP] ^__^]T]c 9^W] <R2PX] fTaT cPZX]V cWT SPh ÛU Bd]SPh Ua^\ P RP\_PXV] cWPc WPb Va^f] X]RaTPbX]V[h ]TVPcXeT <R2PX] b RP\_PXV] \P]PVTa ZT_c d_ cWT PccPRZ X] cWT RP]SXSPcT b PQ bT]RT bPhX]V ^] P Bd]SPh _^[XcXRP[ cP[Z bW^f cWPc Xc fPb >QP\P ]^c cWT U^da cTa\ 0aXi^]P bT]Pcâ fW^ UXabc QTVP] ]TVPcXeT RP\_PXV]X]V <R2PX] WPb caXTS c^ _âcaPh >QP\P Pb P] T\_ch RT[TQaXch fW^ VTcb \âT cWP] WXb bWPaT Û \TSXP RêTaPVT >QP\P bcPacTS ]TVPcXeT RP\_PXV]X]V ^] 9^W] <R2PX] [^]V QTUâT fT bcPacTS _d]RWX]V QPRZ P]S 8 cWX]Z P [^c Û ^da TUUâc Xb aTP[[h c^ VTc QPRZ X]c^ cWXb VP\T cah P]S VP[eP]XiT b^\T Û cWT _dQ[XR PccT]cX^] QPRZ ^]c^ cWXb aPRT \PZT bdaT TeTahQ^Sh d]STa bcP]Sb cWTaT b cf^ _T^_[T X] cWXb aPRT ]^c Ydbc ^]T P]S 8 cWX]Z fT eT QTT] bdRRTbbUd[ X] S^X]V cWPc AXRZ 3PeXb bPXS ^] 5^g cT[TeXbX^] fXcW^dc T[PQâPcX^] 4Pa[XTa cWT cf^ RP]SXSPcTb Y^X]TS X] R^]ST\ ]PcX^] Û AdbbXP] PccPRZ ^] ]TXVWQâX]V 6TâVXP cWT UXabc \PYâ DB UâTXV] _^[XRh RaXbXb Û cWT VT] TaP[ T[TRcX^] RP\_PXV] <R2PX] fPa]TS cWT :aT\[X] Û [^]V cTa\ R^]bT`dT]RTb P]S >QP\P

RP[[TS Uâ X\\TSXPcT \TSXPcX^] AdbbXP ]TeTacWT[Tbb Tg_P]STS Xcb Q^\QX]V Q[Xci Bd]SPh P]S TPa[h <^]SPh PVPX]bc DB P[[XTS 6TâVXP cPaVTcX]V P \X[XcPah PXaUXT[S ^] cWT ^dc bZXacb Û cWT R^d]cah b RP_XcP[ CQX[XbX CWT PccPRZ fPb [Pd]RWTS TeT] cW^dVW 6TâVXP bPXS Xc WPS _d[[TS ^dc Û cWT QaTPZPfPh _aêX]RT Û B^dcW >bbTcXP Pb <^bR^f WPb ST\P]STS 6TâVXP WPb QTT] aXeT] Qh bcaXUT Qa^dVWc ^] Qh cWT QaTPZPfPh bT]cX\T]cb Û cf^ aTVX^]b X]bXST Xcb QâSTab 0QZWPiXP P]S B^dcW >bbTcXP bX]RT cWT Uâ\Ta BêXTc aT_dQ[XR VPX]TS X]ST_T]ST]RT Ua^\ <^bR^f X] cWT TPa [h (( b 1^cW aTVX^]b WPeT U^d]S QPRZX]V Ua^\ cWT AdbbXP]b fW^ WPeT bT]c ca^^_b c^ cWT aTVX^] c^ PRc Pb _TPRTZTT_Tab <R2PX] WPb a^dcX]T[h b^dVWc c^ _[Ph ^] WXb [^]V Pbb^RXPcX^] fXcW X]cTa]PcX^]P[ P]S bTRdaXch PUUPXab PVPX]bc >QP\P b bWâc aTRâS ^] cWT ]PcX^]P[ bcPVT 9CUJKPIVQP #2 )JMMBSZ $MJOUPO

5IBJ DPVSU JTTVFT BSSFTU XBSSBOU BGUFS 5IBLTJO TLJQT CBJM BOE GMFFT 0?

5IF GPSNFS QSJNF NJOJTUFS JTTVFE B TUBUFNFOU GSPN #FJKJOH PO .POEBZ TBZJOH IF XPVME OPU SFUVSO UP 5IBJMBOE CFDBVTF IF DPVME OPU FYQFDU KVTUJDF JO 5IBJ DPVSUT

?7>C>

0 aX^c Qa^ZT ^dc P]S P] ÛUXRTa fPb f^d]STS X] P ]TXVWQâW^^S Û <^]caTP[ fWTaT P h^d]V \P] WPS QTT] bW^c P]S ZX[[TS Qh _^[XRT BTeTaP[ Wd] SaTS _^[XRT ÛUXRTab UP]]TS ^dc cahX]V c^ caPRZ S^f] P] d]STcTa\X]TS ]d\QTa Û h^dcWb fW^ QTVP] bTccX]V UXaTb X] cWT ]TXVWQâW^^S [PcT ^] Bd]SPh QTUâT ad]]X]V ÛU 5XaT cadRZb PaaXeX]V c^ UXVWc cWT Q[PiTb X] cWT Qâ^dVW Û <^]caTP[ =âcW fTaT _T[cTS fXcW QTTa Q^cc[Tb fWX[T Qdb bWT[cTab fTaT caPbWTS ?T^_[T Û P[[ PVTb fTaT bTT] [^^cX]V R^\_dcTab CEb P]S ^cWTa XcT\b Ua^\ bcâTb <^]caTP[ _^[XRT b_^ZTb\P] 8P] ;PUaT]XTaT bPXS cf^ _^[XRT ÛUXRTab P]S P] P\Qd[P]RT cTRW]XRXP] bdUUTaTS ]^] [XUT cWaTPcT]X]V X]YdaXTb >]T Û cWT ÛUXRTab fPb bW^c X] cWT [TV CWT P\Qd[P]RT cTRW ]XRXP] fPb WXc X] cWT WTPS Qh P <^[^cê R^RZcPX[ cWPc SXS ]^c XV]XcT ?^[XRT WPS \PST b^\T PaaTbcb Qh " P \ <^]SPh ' 6<C Qdc fTaT d]PQ[T c^ VXeT \P]h STcPX[b <^]caTP[ =âcW Xb P \d[cXTcW ]XR Qâ^dVW fWTaT cT]bX^]b QTcfTT] aTbXST]cb P]S _^[XRT WPeT bX\\TaTS X] cWT _Pbc CWTaT b STUX]XcT[h P _a^Q[T\ bPXS Qâ^dVW <Phâ <PaRT[ ?PaT]c FT eT V^c c^ UXg cWXb /QPVTGCN #2

C>30HzB I0<0=

6 7 ' 5 & #; # 7 ) 7 5 6

+410;

'SFODI BOUJ JNNJHSBUJPO CPTT TFMMT )2 UP $IJOFTF 5aT]RW P]cX X\\XVaP]c _Pach cWT =PcX^]P[ 5a^]c Xb bT[[X]V Xcb WXbcâXR WTPS`dPacTab c^ P 2WX]TbT d]XeTa bXch c^ aPXbT \dRW ]TTSTS RPbW cWT eTcTaP] UPa aXVWc _Pach b [TPSTa 9TP] <PaXT ;T ?T] fPb `d^cTS Pb bPh X]V ^] <^]SPh CWT =PcX^]P[ 5a^]c WPb RP\_PXV]TS ^] P] P]cX X\\XVaP]c _[PcUâ\ Uâ êTa cWaTT STRPSTb P]S ;T ?T] b b[^VP] X] bTeTaP[ _aTbXST]cXP[ T[TRcX^]b fPb :TT_ 5aP]RT Uâ cWT 5aT]RW ;T ?T] bW^RZTS 5aP]RT Qh aTPRWX]V cWT ad] ÛU X] cWT ! ! _aTbXST]cXP[ T[TRcX^] FT WPeT bXV]TS P bP[T PVaTT \T]c fXcW P d]XeTabXch QPbTS X] BWP]VWPX ;T ?T] fPb `d^cTS Pb bPhX]V ^] cWT fTQbXcT Û cWT \PVP iX]T ; 4g_aTbb PSSX]V cWPc WT QT[XTeTS cWT d]XeTabX ch fP]cTS c^ cda] cWT QdX[SX]V X]c^ P 5aT]RW [P] VdPVT bRW^^[ CWT =PcX^]P[ 5a^]c WPb WPS b^\T QP]Z PRR^d]cb UaîT] X] SXb_dcTb fXcW RaTSXcâb P]S ;T ?T] WPS P[aTPSh PdRcX^]TS ÛU WXb Qd[[Tc _a^Û RPa ^] T1Ph c^ aPXbT \^]Th QTUâT PVaTTX]V c^ _Pac fXcW WXb ^[S WTPS`dPacTab ]XRZ]P\TS cWT RadXbT [X]Ta CWT _Pach WPS TbcX\PcTS cWT eP[dT Û cWT X\_^bX]V QdX[SX]V [^RPcTS Qh cWT aXeTa BTX]T X] P b\Pac ?PaXb bdQdaQ Pc $ c^ ! \X[[X^] Tda^b !! " \X[[X^] Qdc ;T ?T] SXS ]^c bPh W^f \dRW cWT 2WX]TbT d]XeTabXch f^d[S _Ph Uâ Xc 2CTKU 4GWVGTU

$.#565

1SPQBOF FYQMPTJPOT JO 5PSPOUP GPSDF FWBDVBUJPO 4g_[^bX^]b Pc P Câ^]c^ _a^_P]T UPRX[Xch UâRTS cW^dbP]Sb Û _T^_[T c^ TePRdPcT P]S fXc]TbbTb STbRaXQTS P] T]â\^db UXaTQP[[ cWPc [Xc d_ cWT bZh Uâ \X[Tb >]T UXaTUXVWcTa SXTS 5XaTUXVWcTab fTaT QPcc[X]V Q[PiTb Pc cWT Bd]aXbT ?a^_P]T 8]SdbcaXP[ 6PbbTb UPRX[Xch W^dab [PcTa TPa[h ^] Bd]SPh 0 fâZTa Pc cWT _[P]c fPb d]PRR^d]cTS Uâ Câ^]c^ _^[XRT b_^ZTb\P] <PaZ ?dVPbW bPXS B^\T aTbX ST]cb bdUUTaTS \X]â X]YdaXTb Câ^]c^ UXaT bTaeXRTb SXeXbX^] RWXTU 3PeXS BWTT] bPXS cWT eTcTaP] UXaT UXVWcTa SXTS Pc cWT bRT]T cW^dVW RPdbT Û WXb STPcW fPb ]^c X\\TSXPcT[h Z]^f] 7T fPb [PcTa XST]cXUXTS Pb 1^Q ;TTZ P $$ hTPa ^[S SXbcaXRc RWXTU Û T\TaVT]Rh _[P]]X]V 8c b WPaS BWTT] bPXS WXb e^XRT RaPRZX]V 8 \ bdaT P[[ Û ^da Vdhb PaT WPeX]V P a^dVW cX\T fXcW Xc >]cPaX^ <X]XbcTa Û 2^\\d]Xch BPUTch AXRZ 1Pac^[dRRX bPXS cWT UXaT R^]cX]dTS c^ Qda] Bd]SPh TeT]X]V Qdc Xb d]STa R^]ca^[ CWT RPdbT Xb d]STa X]eTbcXVPcX^] 6QTQPVQ #2

3UPPORTERSÂ®OFÂ®0OJAMANÂ®3HINAWATRA Â®WIFEÂ®OFÂ®DEPOSEDÂ®4HAIÂ®0RIMEÂ®-INISTERÂ®4HAKSINÂ®3HINAWATRA

HOLDÂ®PHOTOÂ®OUTSIDEÂ®CRIMINALÂ®COURTÂ®INÂ®"ANGKOK Â®4HAKSINÂ®ANDÂ®HISÂ®WIFEÂ®HAVEÂ®FLEDÂ®TOÂ®,ONDON

CWPX[P]S b Bd_aT\T 2^dac XbbdTS P] PaaTbc fPaaP]c ^] <^]SPh Uâ ^dbcTS ?aX\T <X]XbcTa CWPZbX] BWX]PfPcaP PUcTa WT P]S WXb fXUT UPX[TS c^ P__TPa Pc P Râad_cX^] WTPaX]V P]S U[TS c^ 1aXcPX] CWPZbX] P]S WXb fXUT ?^YP\P] WPS QTT] P[[^fTS c^ caPeT[ c^ 2WX]P Uâ cWT >[h\_XRb ^_T]X]V RTaT\^]h STb_XcT P] PaaPh Û Râ ad_cX^] RWPaVTb CWT Uâ\Ta [TPSTa XbbdTS P bcPcT\T]c ^] <^]SPh bPhX]V WT f^d[S ]^c aTcda] c^ CWPX[P]S QTRPdbT WT R^d[S ]^c Tg_TRc YdbcXRT X] CWPX R^dacb <h fXUT P]S 8 WPeT R^\T c^ aTbXST X] 4]V[P]S WT bPXS X] cWT WP]SfaXccT] bcPcT \T]c fWXRW fPb aTPS ^] bcPcT ad] cT[TeXbX^] P]S UPgTS c^ ePaX^db \TSXP ^dc[Tcb CWPZbX] b [PfhTab P]S b_^ZTb\T] SXS ]^c aTb_^]S c^ aT_TPcTS RP[[b Uâ R^\\T]c CWT Bd_aT\T 2^dac XbbdTS PaaTbc fPaaP]cb Uâ CWPZbX] P]S WXb fXUT Uâ UPX[X]V c^ PccT]S <^]SPh b WTPaX]V P]S âSTaTS cWT\ c^ UâUTXc QPX[ c^cP[X]V " \X[[X^] QPWc DB "'( CWPZbX] fW^ fPb ST_^bTS X] P ! % \X[XcPah R^d_ UPRTb P b[Tf Û R^dac RPbTb P]S X]eTbcXVPcX^]b X]c^ P[[TVTS Râad_cX^] P]S PQdbT Û _^fTa SdaX]V WXb UXeT hTPab X] ÛUXRT 8] WXb bcPcT\T]c WT X]bXbcTS WT fPb X]]^RT]c Û P[[ PRRdbPcX^]b PVPX]bc WX\ CWPX[P]S b bc^RZ \PaZTc R[^bTS ' _Ta RT]c WXVWTa P\XS W^_Tb cWPc CWPZbX] b aT \êP[ f^d[S STUdbT _^[XcXRP[ cT]bX^]b QT cfTT] WXb bd__âcTab P]S ^__^]T]cb ?^[XcXRP[ d]RTacPX]ch WPb R^]caXQdcTS c^ P ( _TaRT]c UP[[ X] cWT X]STg bX]RT aTVd[Pa P]cX VêTa]\T]c _a^cTbcb QTVP] X] [PcT <Ph 0]P[hbcb W^fTeTa bPXS CWPZbX] b ST RXbX^] c^ aTbXST X] 4]V[P]S SXS ]^c \TP] cWT T]S Û WXb TgcT]bXeT _^fTa 7T Xb RTacPX][h V^X]V c^ dbT WXb Uâ

TXV] QPbT c^ X]U[dT]RT CWPX[P]S b S^\TbcXR _^[XcXRb bPXS 2WPa]eXc :PbTcbXaX P WXbcâX P] Pc 1P]VZ^Z b CWP\\PbPc D]XeTabXch CWXb Xb RTacPX][h ]^c cWT T]S 0[cW^dVW WXb ST_PacdaT R^d[S aTSdRT bWâc cTa\ _^[XcXRP[ cT]bX^] cWTaT \Ph QT P bTaX^db R^]U[XRc X] cWT [^]V ad] cWPc aTbd[cb X] TgcaT\T eX^[T]RT XU b^\T STRXST cWTh RP]]^c aT[h ^] cWT YdSXRXPah Uâ YdbcXRT WT bPXS CWT ZTh P]cX CWPZbX] Va^d_ cWT ?T^_[T b 0[[XP]RT Uâ 3T\^RaPRh bPXS Xc f^d[S R^]cX]dT Xcb bcaTTc _a^cTbcb d]cX[ cWT VêTa]\T]c Û ?aX\T <X]XbcTa BP\PZ Bd]SPaPeTY Xb aT\êTS Ua^\ ÛUXRT 8c aTVPaSb BP\PZ Pb P _a^gh Uâ CWPZbX] CWPZbX] bcX[[ WPb X]U[dT]RT êTa cWXb Vê Ta]\T]c P]S Xb _d[[X]V cWT bcaX]Vb bPXS ?X_W^_ CW^]VRWPX P ?03 [TPSTa CWPZbX] P]S WXb fXUT [TUc CWPX[P]S [Pbc fTTZ PUcTa cWT R^dac VPeT cWT\ _Ta\XbbX^] c^ PccT]S cWT >[h\_XR 6P\Tb Qdc âSTaTS cWT\ c^ aT_âc <^]SPh CWTh aT_âcTS[h U[Tf Ua^\ 2WX]P c^ 4]V[P]S fWTaT cWT Uâ\Ta [TPSTa ^f]b bTeTaP[ _a^_TacXTb P]S cWT <P]RWTbcTa 2Xch U^^cQP[[ R[dQ CWPZbX] [XeTS X] TgX[T X] ;^]S^] PUcTa WXb ^dbcTa P]S aTcda]TS c^ CWPX[P]S TPa[XTa cWXb hTPa c^ UPRT cWT Râad_cX^] RWPaVTb PVPX]bc WX\ PUcTa WXb _^[XcXRP[ P[[XTb f^] T[TRcX^]b P]S Uâ\TS P ]Tf VêTa]\T]c 8 cW^dVWc 8 f^d[S QT PQ[T c^ _aêT \h X]]^RT]RT P]S aTRTXeT YdbcXRT fWXRW Xb fWh 8 aTcda]TS c^ CWPX[P]S ^] 5TQ !' 1dc cWT bXc dPcX^] WPb STcTaXâPcTS CWPZbX] bPXS >] 9d[h " cWT RaX\X]P[ R^dac U^d]S WXb fXUT VdX[ch ^] RWPaVTb Û TePSX]V \X[[X^]b Û S^[[Pab X] cPgTb P]S bT]cT]RTS WTa c^ cWaTT hTPab X] _aXb^] BWT fPb aT[TPbTS ^] QPX[ CWPZbX] P[b^ bPXS cWTaT WPS QTT] cWaTPcb PVPX]bc WXb [XUT $CPIMQM #2

#PMJWJBOT TUSPOHMZ CBDL 1SFTJEFOU &WP .PSBMFT JO SFDBMM SFGFSFOEVN

1BLJTUBOJ 1BSMJBNFOU DPOWFOFT BT HPWFSONFOU TFFLT .VTIBSSBG PVTUFS

0 Q^[S VP\Q[T Qh ?aTbXST]c 4e^ Û e^cTb Ua^\ Û cWT R^d]cah b <âP[Tb c^ QaTPZ P _^[XcXRP[ !! & _^[[X]V bcPcX^]b <âP[Tb WPS STPS[^RZ P]S aT T]TaVXiT WXb [TUcXbc b^dVWc cWT aTUTaT]Sd\ c^ cah c^ c^_ aTe^[dcX^] _PXS ÛU Pb 1^[XeXP b e^cTab _[T VêTa]âb fW^ WPeT UadbcaPcTS WXb aTb^d]SX]V[h T]SâbTS WX\ X] P aTRP[[ QXS c^ X\_aêT cWT _[XVWc Û 1^[XeXP b aTUTaT]Sd\ <âT cWP] %" _TaRT]c Û [^]V bd__aTbbTS X]SXVT]^db \PYâXch e^cTab X] cWXb QXccTa[h SXeXSTS 0]STP] 7Xb [TUcXbc PVT]SP WPb \Tc fXcW QXccTa ]PcX^] aPcXUXTS cWT \P]SPcT Û 1^[XeXP b ^__^bXcX^] X] cWT [P]S[^RZTS R^d] UXabc X]SXVT]^db [TPSTa P]S WXb eXRT cah b d]PQPbWTS[h RP_XcP[XbcXR TPbc &WP .PSBMFT _aTbXST]c 0[ePa^ 6PaRXP X] Bd]SPh b fWTaT _a^cTbcTab fW^ PRRdbT WX\ Û e^cT PRRâSX]V c^ _PacXP[ d]ÛUXRXP[ aT QTX]V P [PRZTh Û ET]TidT[P] bd[cb 4XVWc Û cWT R^d]cah b ]X]T VêTa]âb fTaT P[ ?aTbXST]c 7dV^ 2WPeTi Q[^RZPSTS PXa_âcb [Pbc b^ bdQYTRc c^ aTRP[[ P]S cf^ <âP[Tb U^Tb fTaT fTTZ c^ ZTT_ <âP[Tb P]S WXb \X]XbcTab Ua^\ P\^]V cWT cWaTT ^dbcTS PRRâSX]V c^ P _aXePcT cP[[h c^dRWX]V S^f] Uâ RP\_PXV] eXbXcb .C 2C\ #2

WPb QTT] bXST[X]TS PUcTa U^Tb bfT_c CWT PbbT\Q[h X] ?PZXbcP] b \^bc T[TRcX^]b X] 5TQadPah P]S bTc d_ P ]Tf _^fTaUd[ _aêX]RT ^] <^]SPh VêTa]\T]c CWT Uâ\Ta Pa\h RWXTU STR[PaTS ?aTbXST]c ?TaeTi <dbWPaaPU cWT [^]VcX\T DB P[[h WPb bW^f] ]^ d]UXc Uâ ÛUXRT P]S ST\P]STS WT bcT_ bXV] Û `dXccX]V CWT aTb^[dcX^] PR S^f] CWT aTb^[dcX^] _PbbTS Qh "! RdbTS WX\ Û eX^[PcX]V cWT R^]bcXcd e^cTb c^ !$ Qh cWT ?d]YPQ PbbT\Q[h cX^] Va^bb \XbR^]SdRc P]S TR^]^\XR WPb ]^ R^]bcXcdcX^]P[ fTXVWc Qdc Xb X] \Xb\P]PVT\T]c 8c RP[[b ^] cWT _aTbX cT]STS c^ RaP]Z d_ _^[XcXRP[ _aTbbdaT ST]c c^ bTTZ P e^cT Û R^]UXST]RT Ua^\ ^] <dbWPaaPU Pb cWT ad[X]V R^P[XcX^] 1FSWF[ .VTIBSSBG UTSTaP[ P]S _aêX]RXP[ [Pf\PZTab â VTPab d_ c^ X\_TPRW WX\ ;Pf\PZTab aTbXV] >cWTafXbT cWT PbbT\Q[h fX[[ RWP]cTS 6^ <dbWPaaPU 6^ Uâ bTe PbZ ?Pa[XP\T]c c^ X\_TPRW WX\ CWT ^cWTa cWaTT TaP[ \X]dcTb Pb cWT aTbd[c fPb P]]^d]RTS X] _aêX]RXP[ PbbT\Q[XTb PaT Tg_TRcTS c^ cPRZ[T bX\ ;PWâT <dbWPaaPU bTXiTS _^fTa X] P Q[^^S[Tbb X[Pa aTb^[dcX^]b X] cWT R^\X]V SPhb +UNCOCDCF #2 R^d_ X] ((( 0UcTa TXVWc hTPab Û S^\X]PcX^] WT

T12-12-08-08.qxd

11.08.2008

19:21

Page 1

! C>30HzB I0<0=

6 7 ' 5 & #; # 7 ) 7 5 6

4G?0C I>=4

-FTTPOT รชO QVSDIBTรชOH B IPNF

FWT] 8 Q^dVWc \h W^dbT Xc fPb cWT [Pbc fâZX]V SPh Û cWT [Pbc \X[[T]]Xd\ fWXRW bTT\TS c^ PdVda fT[[ Uâ cWT _daRWPbT X] P] ^dc fXcW cWT ^[S X] fXcW cWT ]Tf ZX]S Û fPh 0c cWT cX\T Xc fPb X] P bâah bcPcT fXcW P RaPRZ SXbUXVdaX]V Xcb UPร PST P]S ePaX^db QXcb Û Xc cWT ^dcbXST c^X[Tc cWT a^Û êTa cWT bcPXab cWT bcPXab cWT\ bT[eTb R^\_[TcT[h R^[[P_bTS CWT R^dachPaS fPb _X[TS b^ WXVW fXcW STQaXb cWPc Xc fPb WPaS TeT] c^ ^_T] cWT VPcT 1dc Qh cWT] 8 S QTT] [XeX]V X] 6ร aT\T Uâ bXg \^]cWb P]S WPS Va^f] dbTS c^ cWT XSTP cWPc Xc fPb _^bbXQ[T c^ cPZT P WTP_ Û ^[S bc^]Tb P]S cda] cWT\ X]c^ b^\TcWX]V STbXaPQ[T 8] UPRc 8 fPb QaX\\X]V fXcW R^] UXST]RT >a Pc [TPbc 8 fPb d]cX[ P] 0\TaXRP] UaXT]S RP\T RP[[X]V >]RT fT S \P]PVTS c^ UâRT cWT VPcT ^_T] WT bc^^S X] cWT R^dachPaS P]S bPXS ]^c P fâS 8c b [êT[h 8c fX[[ QT [êT[h WXb fXUT adbWTS c^ aTPbbdaT \T Qdc P[aTPSh cWT SP\PVT WPS QTT]

FWT] 8 \êTS X] 8 WPS ]TXVWQâb ^] TXcWTa bXST Û \T C^ cWT [TUc fPb P f^\P] fW^ [XeTS X] P b\P[[ PaRWTS W^dbT fXcW WTa [Tbb cWP] \PaeT[^db WdbQP]S cWTXa \P]h RWX[SaT] cWTXa RWXRZT]b P]S P _PXa Û aPQQXcb BWT fPb cWT UXabc c^ \êT ^dc CWT] cWT W^dbT QTWX]S \X]T fPb b^[S c^ Tg_Pcb 5X]P[[h cWXb hTPa 8 aTRTXeTS

?Pc HP[T [XeTb X] P aTbc^aTS RPeT W^dbT X] 6ร aT\T X] 2P__PS^RXP

7BDBUJPOJOH BMB 5VSLB

6 3 #" / # & "5

%#8' .+(' ?0C H0;4

cWT RP[[ 8 \dbc WPeT Z]^f] fPb R^\X]V H^d aT V^X]V c^ ]TTS P [^c Û \^]Th ?Pc 0[X c^[S \T H^da ]TXVWQâb PaT bT[[X]V cWTXa W^dbT 6^]T PaT cWT SPhb fWT] 6ร aT\T b RPeT W^\Tb R^d[S QT _XRZTS d_ Uâ cWT T`dXeP[T]c Û b\P[[ RWP]VT ?aXRTb \Ph bcX[[ ]^c `dXcT \PcRW cW^bT Û รงbcP]Qd[ Qdc cWTh aT ]^ [^]VTa P b]X_ Tb_T RXP[[h VXeT] W^f \dRW fâZ Xb ]TTSTS c^ QaX]V cWT\ d_ c^ \^S Ta] bcP]SPaSb Û R^\Uâc 1dc Xc c^^Z ^][h P UTf _a^b_TRcXeT _da RWPbTab c^ hT[[ cWTXa fPh Pa^d]S cWT PSY^X]X]V R^dachPaS Uâ \T c^ aTP[XiT cWPc XU 8 SXS] c UX]S cWT \^]Th 8 aXbZTS ZXbbX]V V^^SQhT c^ cWT _TPRT P]S `dXTc 8 S Va^f] c^ aT[XbW C^ QT R^]cX]dTS

-#6*; *#/+.610 ร 56#0$7.

?7>C>

S^]T CWXb Xb fWPc Xc [^^Zb [XZT c^ P]h ]â\P[ _Tab^] 8 RPdVWc \hbT[U cWX]ZX]V FWPc WPS 8 S^]T. <h bTR^]S eXbXcâ fPb P [^RP[ fW^ fPb [Tbb R^]RTa]TS Qh cWT RaPRZb >U R^dabT h^d [[ WPeT c^ Qdh ]Tgc S^â WT bPXS QaXbZ[h >aXVX]P[[h cWT cf^ W^dbTb WPS Uâ\TS ^]T _a^_Tach cWPc WPS QTT] SXeXSTS QTcfTT] cWT ^f]Ta b cf^ b^]b ^] WXb STPcW 0 fP[[ ]^f bc^^S QTcfTT] cWT\ Qdc X] P `dXaZh cfXbc 8 WPS T]STS d_ ^f]X]V cf^ S^f]bcPXab RPeTb fWX[T cWT UP\X[h ]Tgc S^â ^f]TS cWT a^^\ PQêT cWT\ 8 P[b^ ^f]TS P b\P[[ aTPa R^dachPaS Qdc cWT ^cWTa UP\X[h b d_bcPXab fX]S^f [^^ZTS bcaPXVWc S^f] ^]c^ Xc FWh TeTa f^d[S 8 fP]c c^ S^ cWPc. 8 aT_[XTS fXcW T`dP[ QaXbZ ]Tbb 8 P[aTPSh WPeT \âT a^^\b cWP] 8 Z]^f fWPc c^ S^ fXcW <h UaXT]S Ydbc bWadVVTS WXb bW^d[STab P]S bcPaTS Pc cWPc d_bcPXab a^^\ fXcW P fT[[ S^] c bPh 8 SXS] c fPa] h^d [^^Z ^] WXb UPRT

8 bdb_TRc cWPc CdaZXbW PccXcdSTb c^fPaS ePRPcX^]b RP] QT QPUU[X]V c^ UâTXV]Tab Pc UXabc <P]h CdaZb Û P[[ UX]P]RXP[ [TeT[b WPeT cWTXa UPeâXcT W^[ XSPh VTcPfPhb B^\T WTPS ÛU c^ cWTXa hPh[P X] cWT \^d]cPX]b fWX[T ^cWTab SXbP__TPa c^ cWTXa bd\\TaW^dbTb Qh cWT bTPbWâT c^ aXST ^dc cWT W^c bd\ \Ta \^]cWb FWX[T cWT UX]P[ STbcX]P cX^]b fX[[ ePah cWT VT]TaP[ \PZTd_ Û cWT ePRPcX^] aT\PX]b QPbXRP[[h cWT bP\T Pb VT]TaPcX^]b R^\T c^VTcWTa c^ T]Y^h cX\T fXcW TPRW ^cWTa <h UXabc ePRPcX^] fXcW \h Wdb QP]S b UP\X[h fPb P[\^bc \h [Pbc 3daX]V cWT bd\\Ta Û ((( Xc fPb bfT[cTaX]V X] รงbcP]Qd[ <h Wdb QP]S P]S 8 fT]c P[^]V fXcW WXb T[STa[h Pd]c WXb bXbcTa P R^dbX] P]S P R^d_[T \âT aT[PcXeTb fW^bT PRcdP[ R^]]TRcX^] c^ cWT UP\X[h fPb ]^c R[TPa c^ \T c^ HP[êP 8 T]eXbX^]TS P ch_XRP[ bd\\Ta W^[X SPh Ua^\ \h h^dcW UX[[TS fXcW bd] bP]S P]S bdaU 6a^fX]V d_ X] B^dcW CTgPb bd\\Tab fTaT P cX\T c^ V^ c^ cWT ]TPaQh 7X[[ 2^d]cah [PZTb cWT 6d[U Û <TgXR^ QTPRWTb P]S cWT 2PaXQQTP] Xb[P]Sb X] âSTa c^ WPeT Ud] X] cWT bd] êTa cWT bRW^^[ QaTPZb 3Phb b_T]c [^d]VX]V Qh cWT fPcTa ^] fWXcT bP]S QTPRWTb fXcW UaT`dT]c _[d]VTb X]c^ R[TPa bTP c^ R^^[ ÛU fPb fWPc 8 T]eXbX^]TS Pb \h Wdb QP]S cP[ZTS d_ cWT caX_ c^ \T ATP[Xch QTVP] c^ bX]Z X] Pb fT ]TPaTS cWT P_Pac\T]c fWTaT fT f^d[S QT bcPhX]V fXcW \h ]Tf[h PS^_cTS UP\X[h fW^ 8 R^d[S ]^c hTc R^\\d]XRPcT fXcW BXcdPcTS PQêT P [PcT ]XVWc SXbR^ Xc SXS ÛUTa P eXTf Û cWT ]TPaQh QTPRW P]S d]Uâcd]PcT[h Xc P[b^ ÛUTaTS P eXTf Û P[[ cWT VPaQPVT fPbWX]V d_ ^] cWT bWâT FXcW ]^ fWXcT bP]S X] bXVWc 8 QTVP] c^ bdb_TRc cWPc cWXb f^d[S QT P W^[XSPh `dXcT d][XZT ^cWTab 8 WPS Tg_TaXT]RTS 5â bcPacTab ^da PVTb aP]VTS Ua^\ cWT VaTPc Pd]c _a^QPQ[h X] WTa ' b c^ P R^dbX] X] WXb " b <h WdbQP]S fPb cWT ^][h ^]T X] cWT UP\X[h fW^ b_^ZT 4]V[XbW P]S Xc UT[[ ^] WX\ c^ QT \h caP]b[Pcâ fWT] WT fPb ]^c ^RRd_XTS fXcW ^cWTa \âT X]cTaTbc X]V _dabdXcb â R^]eTabPcX^]b FXcW^dc [X]VdXbcXR bZX[[b c^ WT[_ \T ^dc 8 T]STS d_ \^bc[h QTX]V P] ^QbTaeTa c^ cWT CdaZXbW W^[XSPh _a^RTbb APcWTa cWP] [^d]VX]V ^] cWT [XccTaTS QTPRW â Qh cWT Ra^fS TS _^^[ cWT UP\X[h ^RRPbX^]P[[h c^^Z fP[Zb c^VTcWTa Pc bd]bTc P Va^d_ PRcXeXch cWPc X]cTaTbcX]V[h c^^Z b^\T cX\T c^ âVP]XiT Pb bRPaeTb fTaT RW^bT] P]S R[^cWTb fTaT RWP]VTS P[[ c^ \PZT cWT QTbc P__TPaP]RT QTUâT ^cWTa ePRPcX^] Tab cWTh SXS ]^c Z]^f fW^ cWTh \XVWc T]R^d]cTa P[^]V cWT fPh 8] \h UP\X[h X] CTgPb XU b^\T^]T fP]cTS c^ V^ Uâ P fP[Z X] cWT cfX [XVWc cWT \PX] R^]RTa] fPb fWPc ch_T Û bW^Tb c^ fTPa Uâ R^\Uâc P]S c^ QT PQ[T c^ STU[TRc b]PZTb cWPc bcaTcRWTS cWT\bT[eTb ^] cWT cPa\PR a^PS Pc bd]bTc c^ b^PZ d_ cWT WTPc Ua^\ cWT bcaTTc FT SXS] c fâah PQ^dc fWPc cWT ]TXVWQâb f^d[S cWX]Z Û ^da PccXaT CWT aTbc Û cWT cX\T X] HP[êP fPb b_T]c fXcW UP\X[h \T\QTab _[PhX]V VP\Tb >ZTh QPRZVP\\^] P]S RPaS VP\Tb 0]S Û R^dabT R^_X^db P\^d]cb Û cTP fTaT S^f]TS cWa^dVW^dc cWT SPh 0[[ \TP[b fTaT R^\\d]P[ PUUPXab fXcW W^\T R^^ZTS \TP[b STUX]XcT[h _aTUTaaTS êTa P]h cWX]V ÛUTaTS Qh [^RP[ aTbcPdaP]cb 0b P] ^dcbXSTa [^^ZX]V X] cWT Va^d_ ePRP

$ยธUยธVT BMUยธVT GPSUยธVT .BOZ BHSFF UIBU 5VSLFZ T FEVDBUJPOBM TZTUFN EPFT B QPPS KPC PG FODPVSBHJOH ZPVOH QFPQMF UP FYFSDJTF BOE EP TQPSUT BOE UIF VOJWFSTJUZ FOUSBODF FYBN UIF LFZ EFUFSNJOBOU PG XIBU BOE XIFSF UIFZ XJMM TUVEZ BGUFS IJHI TDIPPM ESJWFT NBOZ 5VSLJTI TUVEFOUT BXBZ GSPN TQPSUT BOE QSFTVNBCMZ PUIFS FYUSBDVSSJDVMBS BDUJWJUJFT

,1*0 %41(116 ร 56#0$7.

1Pa รซ :รกaรซPc RXcTb cWT ;PcX] \^c c^ Û cWT >[h\_XR 6P\Tb Pb WT STbRaXQTb WXb _WhbXRP[ R^]SXcX^] fWT] WT fPb bfX\\X]V !$ ZX[^\TcTab P fTTZ 7T Z]Tf cWPc WT R^d[S RWP[[T]VT WXb Q^Sh cWPc Xc f^d[S aTb_^]S P]S cWPc WXb _TaUâ\P]RT f^d[S QT Pb cWT bPhX]V V^Tb UPbcTa WXVWTa bca^]VTa C^SPh :รกaรซPc U^d]STa P]S _Pac]Ta Û ;Xchd\ ;cS Xb P "! hTPa ^[S cTRW]^[ ^Vh T]caT_aT]Tda [^^ZX]V QPRZ ^] WXb PVX[Xch Pb P ( hTPa ^[S R^\_TcXcXeT bfX\\Ta FWh SXS WT bc^_ bfX\\X]V. :รกaรซPc aT_[XTb 8 [TUc PRcXeT b_âcb X] ((% c^ _aT_PaT Uâ cWT d]XeTabXch TgP\ <P]h PVaTT cWPc CdaZTh b TSdRP cX^]P[ bhbcT\ S^Tb P _^â Y^Q Û T] R^daPVX]V h^d]V _T^_[T c^ TgTaRXbT P]S S^ b_âcb P]S cWT d]XeTabXch T]caP]RT TgP\ cWT ZTh STcTa\X]P]c Û fWPc P]S fWTaT cWTh fX[[ bcdSh PUcTa WXVW bRW^^[ SaXeTb \P]h CdaZXbW bcdST]cb PfPh Ua^\ b_âcb P]S _aTbd\PQ[h ^cWTa Tg caPRdaaXRd[Pa PRcXeXcXTb :รกaรซPc P]S ^cWTab Q[P\T cWT bcdST]c bT[TRcX^] cTbc Uâ bcd]cX]V CdaZTh b b_âcb Rd[cdaT 2P] :âZ\Pi^รช[d P b_âcb R^] bd[cP]c P]S _dQ[XR aT[PcX^]b R^âSX]Pcâ Uâ cWT 4daPbXP <PaPcW^] PVaTTb bPhX]V C^ VPX] PS\XbbX^] _aT_PaT bdRRTbbUd[[h P]S QT PQ[T c^ bcdSh X] P d]XeTabXch [TPeTb [Xcc[T cX\T c^ bTc PbXST Uâ b_âcb :รกaรซPc P]S WXb cTP\\PcTb Pc cWT 4]ZP B_âcb 2[dQ bfP\ cfXRT P SPh UXeT c^ bTeT] SPhb P fTTZ P]S R^\_TcTS P[[

êTa CdaZTh CWXb TgcT]bXeT caPX]X]V W^fTeTa T]STS PQad_c[h fWT] :รกaรซPc P]S \^bc Û WXb UaXT]Sb `dXc bfX\\X]V c^ _aT_PaT Uâ cWT bT[TRcX^] TgP\ =^]T Û \h UaXT]Sb WT ]^cTb fW^ [TUc PRcXeT b_âcb Pc cWPc cX\T fTaT PQ[T c^ aTPRW cWT bP\T [TeT[ fWT] cWTh bcPacTS PVPX] CdaZTh b d]XeTabXch `dP[XUhX]V TgP\ X]PcX^] X] :รกaรซPc b eXTf aTbcaPX]b CdaZTh b R^\_TcXcXeT]Tbb X] X]cTa]PcX^] P[ PcW[TcXRb H^d]V CdaZXbW PcW[TcTb caPX] c^ _TPZ _TaUâ\P]RT TeT] R^\_TcX]V fT[[ X]cTa]PcX^]P[[h ^][h c^ PQP]S^] caPX]X]V T]cXaT[h _aXâ c^ cWT TgP\ 1h R^]cX]dX]V Pb P bfX\\Ta bPhb :รกaรซPc h^d _dc h^da UdcdaT Pc aXbZ 8U X]bcTPS WT PaVdTb CdaZTh R^d[S ZTT_ Xcb WXVW[h bZX[[TS R^]SXcX^]TS PcW[TcTb X] caPX]X]V Xc f^d[S WPeT P QTccTa RWP]RT Pc fX] ]X]V X]cTa]PcX^]P[ R^\_TcXcX^]b fWXRW f^d[S X] cda] PccaPRc \âT h^d]V _T^ _[T c^ b_âcb :รกaรซPc ]^cTb cWPc b^ UPa CdaZTh WPb WPS ^][h ^]T X]cTa]PcX^]P[[h bdRRTbbUd[ bfX\\Ta) 3TahP 1รกhรกZd]Rd fW^ Pc "! WPb _PacXRX_PcTS X] TPRW Û cWT >[h\_XR 6P\Tb bX]RT ((! P]S Xb PVPX] _Pac Û CdaZTh b >[h\_XR ST[TVPcX^] X] 1TXYX]V >]RT T]a^[[TS X] cWT X]SdbcaXP[ T] VX]TTaX]V _a^VaP\ Pc 6P[PcPbPaPh D]XeTabXch :รกaรซPc aTbd\TS bfX\\X]V fXcW b^\T Û WXb Uâ\Ta cTP\\PcTb 4eT] XU fT SXS] c aTPRW J^da _aTeX^dbL [TeT[ WT bPhb cWT _^^[ fPb bcX[[ ^da \TTcX]V _[PRT CWXb R^]cX]dTS Uâ P R^d_[T Û hTPab d]cX[ cWTh TPRW QTRP\T X]cTaTbcTS X] SXUUTaT]c cWX]Vb U^d]Sb

Y^Qb V^c \PaaXTS TcR CWTXa _Tab^]P[ _aXâXcXTb RWP]VTS :รกaรซPc bcPacTS _[PhX]V Sad\b 8c fPb TPbXTa cWP] bfX\\X]V WT bPhb H^d S^] c VTc Pb cXaTS P]S QTRPdbT h^d eT b_T]c hTPab TgWPdbcX]V h^da bT[U fXcW b_âcb Pc cWPc _^X]c c^ VTc cWT bP\T _[TPbdaT ^dc Û bfX\\X]V Pb 8 WPS QTUâT f^d[S WPeT cPZT] P [^c Û fâZ 8b Xc X\_âcP]c c^ S^ b_âcb c^ TgTa RXbT. 0Qb^[dcT[h bPhb :รกaรซPc <PX][h Uâ WTP[cW WT PSSb Qdc 8 cWX]Z Xc aT[Pg Tb h^da \X]S Pb fT[[ 7T ]^cTb) 8] cW^bT cX\Tb fWT] 8 \ ]^c S^X]V b_âcb 8 UTT[ [TcWPaVXR 1dc fWT] h^d S^ b_âcb h^d UTT[ \âT UaTbW 8] :รกaรซPc b ^_X]X^] S^X]V TgTaRXbT P]S bcPhX]V _WhbXRP[[h PRcXeT Xb P \PccTa Û _aXâXcXTb 8U 8 _dc Xc ^] \h [Xbc cWTaT b cX\T WT X]bXbcb bdVVTbcX]V cWPc _T^_[T U^^[ cWT\bT[eTb fWT] cWTh bPh cWTh WPeT ]^ cX\T Uâ b_âcb H^d RP] P[fPhb ad] Pa^d]S cWT QdX[SX]V P]S XU cWTaT b ]^ a^^\ Uâ ad]]X]V cWT] R[X\Q cWT bcPXab WT PSeXbTb 0]h cX\T h^d bcPac QaTPcW X]V UPbcTa h^d aT TgTaRXbX]V 8b Xc ]^c _^bbXQ[T cWPc ^dcbXST Û fâZ UP\X[h P]S UaXT]Sb cWTaT aTP[[h Xb [Xcc[T cX\T [TUc Uâ b_âcb. >QbTaeX]V cWPc \P]h X] รงbcP]Qd[ UPX[ c^ QP[P]RT fâZ fXcW [XUT :รกaรซPc bPhb) ?T^_[T PaT X]RP _PQ[T Û bWdccX]V ÛU cWTXa _aÛTbbX^]P[ [XUT Pc bXg X] cWT TeT]X]V* cWTh RP] ]^c bPh CWXb Xb \h cX\T 8c RP] Û R^dabT QT SXUUXRd[c c^ QP[ P]RT UP\X[h ^Q[XVPcX^]b fXcW _Tab^]P[ _dabdXcb :รกaรซPc ]^cTb cWPc X] CdaZTh

J_T^_[TL eXbXc cWTXa TgcT]STS UP\X[h \âT cWP] cWTXa UaXT]Sb ÛcT] ^dc Û P bT]bT Û Sdch QTRPdbT cWTh WPeT c^ 7T bPhb XU ^]T cPZTb cX\T Uâ WX\bT[U â WTabT[U ^cWTab \Ph _a^cTbc FW^ PaT h^d c^ V^ ÛU P]S S^ b_âcb. :รกaรซPc ]^cTb cWPc _T^_[T X] CdaZTh ÛcT] R^] bXSTa TgTaRXbT c^ QT P [dgdah P bT[U X] Sd[VT]c dbT Û ^]T b ^f] cX\T 0bZTS XU P]h Û WXb UaXT]Sb PaT bcX[[ _WhbXRP[[h PRcXeT :รกaรซPc aT_[XTb =^c \P]h ]^c \âT cWP] U^da â UXeT ^dc Û P[[ cWT _T^_[T WT caPX]TS fXcW FWh S^] c \âT _T^_[T X] CdaZTh TgTaRXbT. 8] :รกaรซPc b ^_X]X^] Xc b P \PccTa Û TSdRPcX^] P]S WPQXcb FT S^] c VTc P WPQXc Uâ b_âcb Pb RWX[SaT] 7^f c^ RWP]VT cWT bXcdPcX^]. 7T aTcda]b c^ CdaZTh b TSdRPcX^]P[ bhbcT\ 5Xabc bPhb :รกaรซPc PVPX] TRW^X]V :âZ\Pi^รช[d Xc b ]TRTbbPah c^ VTc _T^ _[T c^ S^ b_âcb fWT] cWTh PaT h^d]V BTR^]S Xc b X\_âcP]c c^ bd__âc PcW [TcTb J8UL h^d PaT P V^^S PcW[TcT WT bPhb h^d bW^d[S QT PQ[T c^ V^ c^ P V^^S d]XeTabXch â TeT] XU h^d PaT ]^c PQ[T c^ V^ c^ P V^^S d]XeTabXch cWT] h^d bW^d[S b^\TW^f QT PQ[T c^ \PZT b^\TcWX]V Û h^da [XUT 8] bWâc R^]R[dSTb :รกaรซPc CdaZTh ]TTSb P b_âcb _^[XRh c^ _a^\^cT _WhbXRP[ aTRaTPcX^] P\^]V RWX[SaT] P]S c^ T]PQ[T PcW[TcTb c^ R^]cX]dT cWTXa caPX]X]V 2XcXdb P[cXdb UâcXdb 9^W] 2aÛ^^c Xb P ad]]Ta P]S UaTT[P]RT faXcTa

016' 6QFC[ U <COCP KPVGPFU VQ RTQXKFG C NKXGN[ HQTWO HQT GZRCVTKCVGU NKXKPI KP 6WTMG[ 9G GPEQWTCIG [QW VQ EQPVCEV WU CV XQKEG"VQFC[U\COCP EQO CPF UJCTG [QWT GZRGTKGPEGU SWGUVKQPU CPF RTQDNGOU KP CNN YCNMU QH NKHG HQT RWDNKECVKQP KP 6QFC[ U

$. : ,

cX^] d]U^[STS Pb P ]XRT VTc c^VTcWTa Û VT]TaPcX^]b 7^fTeTa Pb P] 0\TaXRP] dbTS c^ QTX]V PRcXeT P]S WPeX]V PRcXeXcXTb _[P]]TS Uâ P W^[XSPh Xc bTT\TS P QXc fT[[ QâX]V Uâ \h cPbcT 8 fP]cTS cWX]Vb c^ S^ P]S _[PRTb c^ V^ SdaX]V cWT SPhb aPcWTa cWP] bXc cX]V P]S _[PhX]V VP\Tb 0UcTa P R^d_[T SPhb b_T]c X] cWT R^R^^] Û \h ]Tf UP\X[h 8 bdSST][h QTVP] fPZX]V d_ fXcW _P]XR PccPRZb Ydbc QTUâT " P \ R^\X]V c^ SaT]RWTS fXcW bfTPc P]S UTT[X]V Pb XU 8 fPb bdUU^RPcX]V 0UcTa cf^ ]XVWcb Û \T fPZX]V X] cWXb bcPcT cWT T]cXaT UP\X[h STRXS TS c^ STRP\_ QPRZ c^ รงbcP]Qd[ b^ cWPc 8 R^d[S aTRêTa Ua^\ fWPcTeTa Xc fPb cWPc PX[TS \T Cf^ SPhb PU cTa ^da aTcda] c^ cWT RXch P] TPacW `dPZT bcadRZ P]S [TeT[TS cWT QdX[SX]V fWTaT fT WPS QTT] bcPh X]V FT WPeT ]^c aTcda]TS c^ HP[êP bX]RT CWT bTR^]S ePRPcX^] fXcW \h WdbQP]S b UP\X[h fPb aPcWTa X\ _a^\_cd FT WPS cPZT] ^da b^] bcX[[ P c^SS[Ta c^ 1dabP Uâ P fTTZT]S VTc PfPh Ua^\ cWT WTPc Û cWT RXch 0c cWT 1dabP Qdb bcPcX^] fT aP] X]c^ \h bXb cTa X] [Pf P]S cf^ Û WTa UaXT]Sb fW^ fTaT RWP]VX]V QdbTb cWTaT ^] cWTXa fPh QPRZ c^ รงbcP]Qd[ PUcTa P QaXTU W^[XSPh T[bTfWTaT CWTh RWP]VTS cWTXa _[P]b ^] cWT b_^c P]S Y^X]TS db Pc ^da W^cT[ Uâ P fTTZT]S b_T]c T] Y^hX]V cWT UaTbW PXa Û D[dSPรช 0b cWT ^][h ^]T X] cWT Va^d_ fW^ fPb X] _^bbTbbX^] Û P SaXeTa b [XRT]bT â fW^ TeTa WPS QTT] QTWX]S cWT fWTT[ Û P RPa 8 fPb cWT STbXV]PcTS SaXeTa 0c cWT c^_ Û cWT \^d]cPX] fT T]R^d]cTaTS UP\X[XTb VPcWTaX]V X] cWT \P]VP[ aTbcPdaP]cb Uâ P[[ Û cWTXa \TP[b 0b UP\X[XTb STQPcTS êTa Ydbc W^f \dRW \TPc fPb aT`dXaTS Uâ TPRW bXccX]V RWX[SaT] _[PhTS [^^bT[h bd_Ta eXbTS X] cWT ]TPaQh _[Ph PaTPb â [^d]VTS X] cWT WP\\^RZb bcad]V QT cfTT] cWT c^fTaX]V _X]Tb 5â cW^bT fW^ WPeT ]^c Tg_TaXT]RTS Xc \P]VP[ Xb cWT CdaZXbW eTabX^] Û P QPaQT`dT Qdc S^]T ^] cWT Va^d]Sb Û P aTbcPd aP]c aPcWTa cWP] X] P QPRZhPaS â X] P _PaZ 0]S Pb X] \P]h ^cWTa Rd[cdaTb cWT R^^ZX]V Û cWT \TPc êTa cWT W^c R^P[b Xb STT\TS c^ QT ^][h cWT \P[T S^\PX] 8 bdb_TRc cWPc f^\T] bTRaTc[h T]Y^h cWT bXVWc Û cWTXa WdbQP]Sb b[Pe X]V PfPh êTa cWT U[P\Tb fWX[T R^^Z X]V cWTXa U^^S F^\T] VPcWTa c^VTcW Ta P]S eXbXc _[Ph fXcW cWT RWX[SaT] P]S aT[Pg êTa T]S[Tbb Rd_b Û cTP fWX[T [TPeX]V cWT \T] c^ _[P] ^dc cWT QTbc fPhb c^ ZTT_ cWT UXaTb V^X]V P]S ST QPcT fXcW TPRW ^cWTa Pb c^ cWT QTbc R^dabT Û PRcX^] cWPc fX[[ T]bdaT cWT T]cXaT \TP[ Xb aTPSh ^] cX\T BXccX]V d]STa cWT caTTb P]S T]Y^hX]V R^^[X]V QaTTiTb ^] cWT \^d]cPX] \h bXbcTa X] [Pf WTa UaXT]Sb P]S 8 [TUc \h Wdb QP]S c^ _dii[T ^dc cWT X]caXRPRXTb Û \TP[ _aT_PaPcX^] ^] WXb ^f] FWX[T cWT ePRPcX^]b cWPc 8 WPeT Tg_TaXT]RTS fXcW \h Wdb QP]S b UP\X[h PaT eTah SXUUTaT]c Ua^\ ^]Tb 8 b_T]c fXcW \h ^f] UP\X[h X] 0\TaXRP cWTaT PaT R^\ \^] cWaTPSb) R^\\d]Xch bWPaX]V P]S b_T]SX]V cX\T c^VTcWTa CWTaT S^ ]^c bTT\ c^ QT P]h Û cWT _[P]]TS PRcXeXcXTb cWPc STUX]TS \h UP\X[h b W^[XSPhb bdRW Pb WXZTb c^VTcWTa VP\Tb Û U^^cQP[[ P]S QPbTQP[[ P]S ePbc P\^d]cb Û cX\T b_T]c X] cWT fPcTa 8]bcTPS CdaZXbW W^[XSPhb bTT\ c^ \T c^ QT P cX\T c^ aT[Pg P]S ]^c S^ \dRW Pc P[[ X] cWT fPh Û TgTacX^] <PhQT cWPc Xb ]^c P QPS fPh c^ b_T]S cX\T ÛU Ua^\ fâZ P]S bRW^^[ PU cTa P[[ Qdc 8 bcX[[ UX]S \hbT[U \Xbb X]V bd\\TacX\T QPbTQP[[ VP\Tb

T13-12-08-08.qxd

11.08.2008

15:52

Page 1

2D;CDA4 0ACB

C>30HzB I0<0= "

6 7 ' 5 & #; # 7 ) 7 5 6

?7>C>

>bRPa fX]]X]V b^d[ bX]VTa 8bPPR 7PhTb fW^ P[^]V fXcW 0[ 6aTT] 9P\Tb 1a^f] P]S BcTeXT F^]STa fPb ^]T Û cWT S^\X]P]c Q[PRZ PacXbcb X] cWT TPa[h (& b SXTS X] <T\_WXb ^] Bd]SPh 7T fPb %$ 7Xb UaXT]S P]S Uâ\Ta \P]PVTa >]iXT 7â]T c^[S ATdcTab WT b_^ZT c^ 7PhTb fXUT 0SY^fP fW^ R^]UXa\TS cWPc 7PhTb WPS SXTS 7PhTb fW^ ^]RT c^[S ATdcTab cWPc WT fPb P WTP[cW UP]PcXR fPb aT_âcTS[h U^d]S d]R^]bRX^db ]TPa P ad]]X]V caTPS\X[[ Pc WXb W^\T 7T fPb adbWTS c^ P W^b_XcP[ fWTaT WT fPb _a^]^d]RTS STPS CWT RPdbT Û STPcW fPb ]^c Z]^f] 8] TPa[h ! & 7PhTb bdUUTaTS P bca^ZT CWT A^RZ P]S A^[[ 7P[[ Û 5P\T X] SdRcTT T]Y^hTS cf^ SXbcX]Rc \dbXRP[ RPaTTab UXabc Pb P bTbbX^] \dbXRXP] b^]VfaXcTa P]S _a^SdRTa Pc cWT <T\_WXb b^d[ [PQT[ BcPg ATRâSb fWTaT WT fâZTS _aX\PaX[h fXcW BP\ P]S 3PeT* cWT] Pb P b^[^ PacXbc fW^bT [dbW[h âRWTbcaPcTS P[Qd\b fTaT b^\T Û cWT UXabc R^]RT_c fâZb Qh P Q[PRZ PacXbc

*TBBD )BZFT TPVM JDPO XIP MBJE UIF HSPVOEXPSL GPS EJTDP EJFT BU

7T fPb P aTP[ _^fTaW^dbT X] \dbXR 3^] 2â]T[Xdb cWT U^d]STa Û cWT B^d[ CaPX] CE bT aXTb c^[S ATdcTab 7T c^^Z Q[PRZ \dbXR c^ P]^cWTa [TeT[ \PST Xc \âT R[PbbXR CWT STT_ e^XRTS _Ta Uâ\Ta fPb cWT UXabc Q[PRZ R^\_^bTa c^ fX] cWT >bRPa Uâ QTbc b^]V fXcW (& b CWT\T Ua^\ BWPUc P] XaaTbXbcXQ[h daVT]c \Xg Û fPW fPW VdXcPab P]S WX

WPc Rh\QP[b b_XRTS Qh cWT UP\^db [X]T CWTh bPh cWXb RPc BWPUc Xb P QPS \^cWTa BWdc h^da \^dcW 7PhTb Qâ] 0dV ! (#! X] 2êX]Vc^] CT]]TbbTT fPb aPXbTS Qh WXb VaP]S_PaT]cb PUcTa QT X]V â_WP]TS 7T Y^X]TS BcPg X] (%" P]S ÛcT] bdQQTS Uâ cWT [PQT[ b _aX\Pah ZThQ^PaSXbc 1^^ZTa C 9^]Tb 7T TeT]cdP[[h cTP\TS fXcW [haXRXbc 3PeXS ?âcTa c^ faXcT P]S _a^SdRT b^]Vb Uâ cWT b^d[ Sd^ BP\ P]S 3PeT X]R[dSX]V B^d[ <P] P]S 7^[S >] 8 \ 0 2^\X] 7PhTb c^[S ATdcTab X] ! $ cWPc WT RP\T d_ fXcW cWT X]ca^SdRcâh Wâ] [X]T Uâ cWT [PccTa cd]T fWX[T ?âcTa fPb X] cWT QPcWa^^\ 7T hT[[TS Pc WXb R^[[PQâPcâ c^ Wdaah d_ P]S b^ ?âcTa QPaaT[TS ^dc fXcW _P]cb Pa^d]S WXb P]Z[Tb hT[[X]V cWT fâSb cWPc f^d[S QTR^\T cWT b^]V b cXc[T FXcW WXb bWPeTS WTPS SPaZ bWPSTb TgcaPePVP]c R[^cWX]V P]S _[T]cXUd[ YTfT[ah 7PhTb fPb Va^^\TS Pb P bcPa Qh BcPg TgTRdcXeTb 7T aT[TPbTS WXb STQdc P[Qd\ cWT _^â bT[[X]V ?aTbT]cX]V 8bPPR 7PhTb

X] (%' 7T Qa^ZT cWa^dVW cWT U^[[^fX]V hTPa fXcW 7^c 1dccTaTS B^d[ fWXRW R^]cPX]TS Ydbc U^da b^]Vb Qdc b^[S êTa P \X[[X^] R^_XTb 2WPbcT]TS Qh WXb d]bdRRTbbUd[ STQdc 7PhTb c^^Z PacXbcXR R^]ca^[ Û cWT U^[[^f d_ 4eT] cW^dVW WT fPb P bdRRTbbUd[ b^]VfaXcTa cWaTT Û cWT U^da cd]Tb fTaT RêTab cWPc WT aTX]eT]cTS X]R[dSX]V P] ' \X]dcT eTabX^] Û 9X\\h FTQQ b 1h cWT CX\T 8 6Tc C^ ?W^T]Xg 7PhTb fâZ ^] SXaTRcâ 6âS^] ?PaZb daQP] RaX\T SaP\P BWPUc P _a^YTRc WT WPS W^_TS c^ bcPa X] fPb cWT UXabc Û \P]h UâPhb X]c^ \êXT b^d]ScaPRZb 7T V^c X] Ua^]c Û cWT RP\TaP Uâ cWT (&# Rd[c R[PbbXR CadRZ Cda]Ta P]S ZT_c Qdbh fXcW UX[\ fâZ 8] WXb [PcTa hTPab 7PhTb aTPRWTS P ]Tf PdSXT]RT Qh bd__[hX]V cWT e^XRT Uâ 2WTU cWT [X QXSX]^db bPVT ^] cWT RPac^^] bTaXTb B^dcW ?PaZ 1dc WT [TUc cWT bW^f P UTf hTPab PV^ QTRPdbT WT SXb PVaTTS fXcW Xcb PccPRZb ^] BRXT]c^[^Vh cWT aT[XVX^db \êT\T]c c^ fWXRW WT QT[^]VTS .QU #PIGNGU 4GWVGTU

:PVOH BSUJTU TFFLT TPDJBM QFBDF BOE BXBSFOFTT UISPVHI QBJOUJOH ?7>C>

7PeX]V VaPSdPcTS Ua^\ cWT _PX]cX]V ST_Pac\T]c Pc รงbcP]Qd[ b <Pa\PaP D]XeTabXch Ydbc [Pbc hTPa h^d]V _PX]cTa 0[\ [P :dabPa b ]Tf TgWXQXcX^] cXc[TS :Xa[X 0รชdbc^b 3Xach 0dVdbc Xb RdaaT]c[h ^] SXb_[Ph Pc 6P[[Tah 0acXbc X] ยฌdZdaRd\P* P]S cWXb Xb ]^c WTa UXabc TgWXQXcX^] TXcWTa :dabPa bPhb bWT bcPacb WTa fâZ fXcW cWT `dTb cX^] Û W^f c^ dbT Pac Pb P \TP]b c^ PRWXTeT b^RXP[ _TPRT PSSX]V cWPc bWT PX\b c^ aTU[TRc cWT SX[T\\Pb Û cWT R^]cT\_âPah TaP X] WTa _PX]cX]Vb B^\T Û WTa _XTRTb ST_XRc cWT Râad_cX^] Û Wd\P] ]PcdaT fWX[T ^cWTab WXVW[XVWc cWT PQdbT Û UT\P[T bTgdP[ Xch 5T\P[T bTgdP[Xch Xb QTX]V PQdbTS Qh Q^cW bXSTb X] CdaZTh 2^]bTaePcXeT RXaR[Tb cah c^ aT_aTbb Xc Qh Xb^[PcX]V f^\T] Ua^\ b^RXTch fWX[T cWT [XQ TaP[ RXaR[Tb dbT Xc Qh _dbWX]V cWT\ c^ ShT cWTXa WPXa PRc X] eXST^ R[X_b â QT \^ST[b C^SPh h^d RP] TeT] bTT <PaX[h] <^]a^T b _XRcdaT ^] QaTPS QPVb bWT bPhb X] P] X]cTaeXTf fXcW C^SPh b IP\P] Pc cWT VP[[Tah fWTaT WTa fâZ Xb ^] SXb_[Ph >]T Û :dabPa b _PX]cX]Vb X] cWXb R^[[TRcX^] ST _XRcb P VXa[ fW^ Xb bXccX]V fXcW P QPQh S^[[ fWX[T bWT WTabT[U QTR^\Tb P _d__Tc Pc cWT bP\T cX\T CWTaT PaT ^][h P UTf SdcXTb _[PRTS ^] f^\T] P]S ^]T Û cWT\ Xb QTX]V P \^cWTa >U R^dabT Xc Xb P eTah ]XRT cWX]V P]S Wd\P]ZX]S bW^d[S aT_a^SdRT Qdc b^RXT ch cXTb h^da WP]Sb fWT] Xc WP__T]b* h^d WPeT c^ bcT_ QPRZ Ua^\ h^da fâZX]V [XUT P]S h^d QTR^\T P _Tab^] fW^ S^Tb ]^c WPeT P]h _Tab^]P[ cX\T â X]cTaTbcb bWT Tg_[PX]b _^X]cX]V c^ ^]T Û WTa ^cWTa _PX]cX]Vb ST_XRcX]V P \^cWTa W^[SX]V P QPQh X] WTa Pa\b fXcW P _PXa Û bRXbbâb X] cWT Râ]Ta Û cWT X\PVT 8 _dc cWT bRXbbâb cWTaT c^ X\_[h cWPc XU h^d fP]c h^d RP] PRcdP[[h Rdc Xc JcWTbT cXTbL CWT !& hTPa ^[S PacXbc WPb QTT] SaPfX]V bX]RT bWT fPb P _aX\Pah bRW^^[ bcdST]c BWT bPhb TeT] XU WTa X]R[X]PcX^] c^ _PX]c \Ph bcT\ Ua^\ cWT UPRc cWPc \P]h \T\QTab Û WTa UP\X[h _PX]c Pb P W^QQh ]^]T Û cWT\ bd__âcTS WTa fWT] bWT STRXSTS c^ QT P _PX]cTa Pc cWT PVT Û $ 4eT] QTUâT 8 c^^Z cWT ]PcX^]P[ TgP\ JยปBBL cWTh fTaT cahX]V c^ R^]eX]RT \T c^ bcdSh b^RX^[^ Vh â _bhRW^[^Vh bX]RT cWTh cW^dVWc cWTbT cWT^ aTcXRP[ UXT[Sb fTaT \âT bTRdaT bWT Tg_[PX]b PSSX]V cWPc Q^cW cWT X]cT[[TRcdP[ T[XcT P]S TeTahSPh

B4;<0= 4รจCร A:;4A

47/';5# -+)'4 ร 56#0$7.

:PVOH SPDLFST UP MJOL ย TUBOCVM XJUI -JWFSQPPM รงbcP]Qd[ b 2PSSTQ^bcP] QTPRW fX[[ cWXb 5aXSPh W^bc bXg a^RZ QP]Sb cWaTT Ua^\ CdaZTh P]S cWaTT Ua^\ 1aXcPX] _TaUâ\X]V [XeT VXVb Uâ BcaTTcfPeTb P ^]T SPh \X]X \dbXR UTbcXeP[ >aVP]XiTS Qh cWT รงbcP]Qd[ ! 4da^_TP] 2P_XcP[ Û 2d[cdaT 0VT]Rh X] R^[[PQâPcX^] fXcW ;XeTa_^^[ fWXRW cWXb hTPa W^[Sb cWT bP\T cXc[T cWT TeT]c Xb _Pac Û P fXSTa bTaXTb Û PS\XbbX^] UaTT bcaTTc R^]RTacb Pa^d]S รงbcP]Qd[ cWa^dVW^dc 0dVdbc CWT UTbcXeP[ fX[[ VTc d]STa fPh Pc % _ \ fXcW P " \X]dcT _TaUâ\P]RT Qh cWT CdaZXbW QP]S :PaPeP] Uâ\TS Qh h^d]V a^RZTab Ua^\ 6P[PcPbPaPh 7XVW BRW^^[ CWTXa VXV fX[[ QT U^[ [^fTS Qh cWT 1aXcXbW QP]Sb CWT =Tf 7PiT 0b_T] 6aêT P]S 1TPZTa 5^[Z Û cWT 1a^]iT 0VT fWXRW fX[[ TPRW QT cPZX]V c^ cWT bcPVT Uâ WP[U W^da VXVb d]cX[ ')" _ \ 7TPS[X]X]V cWT UTbcXeP[ fX[[ QT cf^ CdaZXbW PRcb cWT cWaXeX]V a^RZTab BPZX] P]S cWT WX_ P[cTa]PcXeT a^RZTab <â eT ยปcTbX fWXRW fX[[ Q^cW _TaUâ\ #$ \X]dcT \X]X R^]RTacb QTUâT cWT UTbcXeP[ faP_b d_ Pc \XS]XVWc =daX < ยฌ^[PZ^รช[d cWT TgTRdcXeT Q^PaS RWPXa \P] Û cWT รงbcP]Qd[ ! 4da^_TP] 2P_XcP[ Û 2d[cdaT 0VT]Rh bPXS X]cTa]PcX^]P[ R^[[PQâPcX^]b bdRW Pb cWT BcaTTcfPeTb 5TbcXeP[ fX[[ VaPSdP[[h X] RaTPbT X] ]d\QTa Pb cWT SPcT fWT] รงbcP]Qd[ fX[[ Pbbd\T cWT cXc[T Û 4da^_TP] 2P_XcP[ Û 2d[cdaT Va^fb ]TPaTa BcaTTcfPeTb Xb P ]XRT ^__âcd]Xch X] fWXRW h^d]V _T^_[T Ua^\ ePaX^db _Pacb Û 4da^_T RP] bWPaT cWTXa Rd[cdaTb fXcW TPRW ^cWTa cWa^dVW \dbXR ยฌ^[PZ^รช[d bPXS PSSX]V cWPc รงbcP]Qd[ f^d[S QT W^\T c^ R^d]c[Tbb bdRW UTbcXeP[b X] ! 0b _Pac Û cWT BcaTTcfPeTb 5TbcXeP[ QP]Sb \PST d_ Û \dbXRXP]b QTcfTT] cWT PVTb Û # P]S !$ fX[[ _TaUâ\ bcaTTc R^]RTacb ^] P c^da cWPc Rê Tab bXg RXcXTb ;XeTa_^^[ รงbcP]Qd[ <PabTX[[Tb 1aT\T] 6SP]bZ P]S =P_[Tb :PaPeP] cWT ^_T] X]V PRc Û cWT BcaTTcfPeTb รงbcP]Qd[ 5TbcXeP[ aT_aT bT]cb CdaZTh X] cWT c^da CWT TeT]c b ;XeTa_^^[ [TV Xb bRWTSd[TS Uâ 0dV !# !$ Pb _Pac Û cWT <PcWTf BcaTTc <dbXR 5TbcXeP[ =X]Tch UXeT QP]Sb Ua^\ Pa^d]S cWT fâ[S fX[[ cPZT _Pac X] cWT ' W^da [XeT ^dcS^â \dbXR TeT]c ร UVCPDWN 6QFC[ U <COCP

1BMFTUJOJBOT QMBO CJH GVOFSBM GPS %BSXJTI

!RTISTยฎ!LMยชLAยฎ+URSARยฎPOSESยฎFORยฎAยฎPHOTOGRAPHยฎATยฎยจSTANBULgSยฎ'ALLERYยฎ!RTISTยฎย UKURCUMA ยฎWHEREยฎHERยฎTHIRDยฎSOLOยฎEXHIBITION ยฎh+IRLIยฎ!ยฌUSTOS iยฎISยฎONยฎDISPLAYยฎUNTILยฎ!UG ยฎ RXcXiT]b PaT SXbcP]c Ua^\ cWT UX]T Pacb =^c Ydbc cWT UX]T Pacb fT S^] c TeT] cWX]Z cWTaT Xb P ]TTS Uâ bd__âcX]V Rd[cdaP[ PRcXeXcXTb X] VT]TaP[ bWT bPhb FWX[T R^\_PaX]V cWT _PX]cX]V Pc\^b_WTaT X] CdaZTh fXcW cWPc Û FTbcTa] R^d]caXTb :dabPa _^X]cb ^dc cWPc cWTaT PaT \P]h \dbTd\b UTPcda X]V R[PbbXRP[ _XTRTb Uâ bcdST]cb c^ bcdSh X] cWT FTbc fWX[T X] CdaZTh cWTaT PaT ^][h cf^ \dbT d\b SXb_[PhX]V R[PbbXRP[ _XTRTb) cWT BcPcT ?PX]cX]V P]S BRd[_cdaT <dbTd\ P]S cWT 0aRWPT^[^Vh <dbTd\ FT WPeT P bTaX^db [PRZ Û aTb^daRTb FT WPeT P Rd[cdaT d]X`dT c^ db Qdc fT RW^bT c^ Tg_aTbb Xc _aX\PaX[h X] faXcX]V PUcTa cWT CP]iX\Pc _TaX^S X] cWT >cc^\P] 4\_XaT FWPcTeTa 8 S^ WTaT 8 fX[[ P[fPhb QT QTWX]S cW^bT FTbcTa] _PX]cTab 0b P R^]bT`dT]RT ^]T UX]Sb WTabT[U Tg _TaXT]RX]V P bh]Sa^\T X] fWXRW bWT caXTb c^ PSP_c cWT FTbc c^ CdaZTh P]S QTRPdbT Û cWPc 8 P\

fâZX]V ^] bdQYTRcb aT[PcTS c^ CdaZTh bWT bPhb 5^[[^fX]V WTa RdaaT]c TgWXQXcX^] :dabPa Xb _[P]]X]V ^] _aT_PaX]V P bTaXTb ^] cWT aTRT]c[h WXVW[XVWcTS _a^Q[T\ Û fâZ aT[PcTS STPcWb Û bWX_hPaS fâZTab X] รงbcP]Qd[ b Cdi[P SXbcaXRc CWXb bW^f fX[[ QT P RWP[[T]VT c^ =TรซTc 6รก]P[ fW^\ 8 aTR^V]XiT Pb ^]T Û \h \PbcTab 1h RWP[[T]VT 8 S^] c \TP] c^ ^dcS^ WX\ Qdc 8 P\ RdaX^db XU 8 fX[[ QT PQ[T c^ _aT_PaT P R^[[TRcX^] ^] cWT fâZX]V R[Pbb cWPc Xb SXUUTaT]c Ua^\ fWPc WT SXS :dabPa bPhb 0bZTS fWh bWT Xb X]cTaTbcTS X] ST_XRcX]V cWT fâZX]V R[Pbb aPcWTa cWP] b^\T ^cWTa ^_ _aTbbTS Va^d_ â \X]âXch bWT Tg_[PX]b cWPc bWT QT[XTeTb cWTh bdUUTa P fâbT UPcT cWP] TeTah^]T T[bT CWT ^][h W^_T VXeT] c^ cWT\ Xb X]SXeXSdP[ bdaeXeP[ 6Tc P[^]V fXcW h^da Q^bb b^ h^d RP] VTc P aPXbT â ^cWTa bdRW cWX]Vb 8 RP] bh\_P cWXiT fXcW cWT ^__aTbbTS QTRPdbT 8 P\ P f^\P]

(+./ 5%4''0+0)

#.$7/

6TUBPย MV T g+PVSOFZ UP UIF 4VO PO CJH TDSFFO

"OBUPMJBO GPMLTPOHT HFU TZNQIPOJD SFNBLF

CWT =Pi \ 7XZ\Tc 2d[cdaT 2T]cTa X] รงbcP]Qd[ b 1PWPaXhT c^\âa^f fX[[ W^bc P bRaTT]X]V Û CdaZXbW UX[\ SXaTRcâ HTรซX\ DbcP^รช[d b ((( SaP\P 6รก]TรซT H^[Rd[dZ 9^da]Th c^ cWT Bd] Pc Xcb ^_T] PXa \êXT cWTPcTa CWT UX[\ fWXRW cT[[b cWT bcâh Û cf^ h^d]V \T] Ua^\ 0]Pc^[XP ^]T Ua^\ cWT TPbc P]S cWT ^cWTa Ua^\ cWT fTbc fW^ QTUaXT]S TPRW ^cWTa X] รงbcP]Qd[ fWTaT cWTh fâZ c^ \PZT P [XeX]V fX[[ QT bW^f] Pc ( _ \ CT[ ) ! % # # !!"(

CP]Ta 3T\XaP[_ cWT PRR[PX\TS R^\_^bTa PaaP]VTa QTWX]S cWT bRâTb Uâ bW^fb Qh cWT 0]PS^[d 0cTรซX 5XaT Û 0]Pc^[XP SP]RT R^\_P]h WPb cWXb \^]cW aT[TPbTS WXb ]TfTbc P[Qd\ ^] fWXRW WT WPb QTT] fâZX]V Uâ cWaTT hTPab BT]U^]XZ CรกaZรก[Ta Bh\ _W^]XR 5^[Zb^]Vb Pb Xcb ]P\T X\_[XTb Xb \PST d_ Û bh\_W^]XR aTPaaP]VT\T]cb Û ! U^[Zb^]Vb Ua^\ ePaX^db _Pacb Û 0]Pc^[XP CWXb Xb 3T\XaP[_ b UXabc 23 bX]RT ! $ b ;TVT]Sb Û 0]Pc^[XP

':*+$+6+10

$POUFNQPSBSZ 5VSLJTI BSU BU %FZJN "SU (BMMFSZ CWT 3ThX\ 0ac 6P[[Tah X] รงbcP]Qd[ b <Pb[PZ SXbcaXRc RdaaT]c[h W^bcb P Y^X]c _PX]cX]V P]S bRd[_cdaT TgWX QXcX^] UTPcdaX]V fâZ Qh Pa^d]S ! R^]cT\_âPah CdaZXbW PacXbcb ยปiST\Xa HT\T]XRX^รช[d 0[X 0c\PRP BT\P ยฌd[P\ BPX\ 3dabd] 9^bXU 5P]X ร \\Tc :PaPRP BTaWPc :^ร PZ 7รกbThX] BPeaP] CdUP] CรกaZ \T] P]S HPรซPa HT]XRT[X PaT P\^]V cWT PacXbcb fW^bT fâZ Xb ^] SXb_[Ph Pc cWT TgWXQXcX^] fWXRW fX[[ ad] d]cX[ 0dV " Pc cWT VP[[Tah CT[ ) ! ! !'% ! '"

Qdc \h bdQYTRc R^d[S WPeT QTT] cWT :daSXbW _T^_[T X] b^dcWTPbcTa] CdaZTh â cWT eTX[TS bcdST]cb fW^ RP]]^c T]cTa cWT d]XeTabXcXTb :dabPa fW^ WPb WT[S cWaTT b^[^ TgWXQXcX^]b b^ UPa Xb P[b^ X]cTaTbcTS X] [XcTaPcdaT BWT WPb _T]]TS P bWâc ]êT[ cXc[TS :PUP\SP BTb[Ta :^]dรซdhâ B_TPZX]V E^XRTb X] <h 7TPS ST bRaXQX]V cWT [XeTb Û h^d]V CdaZXbW _T^_[T Pc cWT QTVX]]X]V Û cWT ! bc RT]cdah P]S bWT Xb RdaaT]c [h fâZX]V ^] P]^cWTa cWPc bWT W^_Tb c^ _dQ[XbW :Xa[X 0รชdbc^b fWXRW Xb P[b^ cWT ]P\T Û P Q^^Z Û _^T\b Qh 4SX_ 2P]bTeTa ^]T Û cWT VaTPcTbc aT_aTbT]cPcXeTb Û cWT รงZX]RX HT]X BTR^]S =Tf \êT\T]c X] CdaZXbW _^Tcah R^]bXbcb Û !# _XTRTb bWT WPb _PX]cTS êTa cWT [Pbc cWaTT hTPab CWT TgWXQXcX^] fX[[ ad] d]cX[ 0dV ! Pc 6P[[Tah 0acXbc X] ยฌdZdaRd\P 5â \âT X]Uâ\PcX^] eXbXc fff VP[TaXPacXbc R^\

g%BSL ,OJHIU MFBET CPY PGGJDF GPS UI XFFLFOE

%10%'46

+B[[ BU #SFBLGBTU UP FOE XJUI ย MIBO &SยฃBIJO 5SJP CWT รง[WP] 4aรซPWX] CaX^ fXcW 4aรซPWX] ^] cT]^a bPg 3^dV FTXb ^] QPbb P]S :T]]h F^[[TbT] ^] Sad\b fX[[ faP_ d_ cWXb hTPa b 9Pii Pc 1aTPZUPbc fTTZ[h R^]RTac bTaXTb Pc รงbcP]Qd[ b BPZ _ BPQP]R <dbTd\ BB< fWT] cWTh cPZT c^ cWT bcPVT cWXb Bd]SPh CWT TeT]c fWXRW R^\QX]Tb P \X]X R^]RTac P \dbT d\ eXbXc P]S P Bd]SPh Qad]RW X] cWT bP\T ^RRP bX^] ad]b P \ !)" _ \ CXRZTcb _aXRTS Pc HC; %& $ RP] QT _daRWPbTS Pc fff QX[TcXg R^\

$. : ,

<PW\^dS 3PafXbW fW^bT _^Tcah T]RP_bd[Pc TS cWT ?P[TbcX]XP] RPdbT fX[[ VTc cWT T`dXeP[T]c Û P bcPcT Ud]TaP[ X] cWT FTbc 1P]Z c^SPh P] W^] â ^][h _aTeX^db[h PRRâSTS c^ ?P[TbcX]T ;XQTaPcX^] >aVP]XiPcX^] ?;> [TPSTa HPbbTa 0aPUPc CaXQdcTb Uâ 3PafXbW _^daTS X] ^] Bd]SPh P SPh PUcTa cWT %& hTPa ^[S faXcTa SXTS Ua^\ R^\_[XRPcX^]b U^[[^f X]V WTPac bdaVTah X] P DB W^b_XcP[ X] 7^dbc^] CTgPb 7T caP]b[PcTS cWT _PX] Û cWT ?P[TbcX]XP]b X] P \PVXRP[ fPh 7T \PST db Rah P]S \PST db WP_ _h P]S bW^^Z ^da T\^cX^]b bPXS 4Vh_c b eTa]PR d[Pa _^Tc 0W\TS 5^dPS =TV\ 0_Pac Ua^\ QTX]V cWT _^Tc Û cWT ?P[TbcX]XP] f^d]S fWXRW Xb Wdac X]V P[[ 0aPQb P]S P[[ W^]Tbc _T^_[T X] cWT fâ[S WT Xb P \PbcTa _^Tc =TV\ c^[S ATdcTab X] 2PXa^ 3PafXbW b Ud]TaP[ X] AP\P[[PW fX[[ QT cWT UXabc b_^]bâTS Qh cWT ?P[TbcX]XP] 0dcWâXch bX]RT 0aPUPc SXTS X] ! # ?P[TbcX]XP] ?aTbXST]c <PW\^dS 0QQPb STR[PaTS cWaTT SPhb Û ]PcX^]P[ \^da]X]V 5aT]RW 5âTXV] <X]XbcTa 1Ta]PaS :^dRW]Ta bPXS WXb R^d]cah bWPaTS ?P[TbcX]XP] PS\XaPcX^] Uâ cWXb VaTPc UXVdaT fW^bT _^Tcah fWXRW aTU[TRcb ]^bcP[VXP P]S [XQTach b_TPZb c^ db P[[ <PW\^dS 3PafXbW Z]Tf W^f c^ Tg_aTbb cWT PccPRW\T]c Û P] T]cXaT _T^_[T c^ Xcb [P]S P]S cWT PQb^[dcT STbXaT Uâ _TPRT 7Xb \TbbPVT fWXRW RP[[b Uâ R^TgXbcT]RT fX[[ R^]cX]dT c^ aTb^]PcT P]S fX[[ TeT]cdP[[h QT WTPaS :^dRW]Ta bPXS X] P bcPcT\T]c 5â 0aPQ ;TPVdT BTRaTcPah 6T]TaP[ 0\a <^dbbP 3PafXbW fPb cWT e^XRT Û ?P[TbcX]XP] RXeX[XiPcX^] fXcW Xcb _PX]b bPS]Tbb P]S P\QXcX^]b FXST[h bTT] Pb cWT ?P[TbcX]XP] ]PcX^]P[ _^ Tc 3PafXbW VPeT e^XRT c^ ?P[TbcX]XP]b SaTP\b Û bcPcTW^^S WT[_X]V c^ RaPUc cWTXa ('' STR[P aPcX^] Û X]ST_T]ST]RT 7T _T]]TS cWT fâSb 0aPUPc b_^ZT Pc cWT D]XcTS =PcX^]b X] (&#) C^SPh 8 WPeT R^\T QTPaX]V P] ^[XeT QaP]RW P]S P UaTTS^\ UXVWcTa b Vd] 3^ ]^c [Tc cWT ^[XeT QaP]RW UP[[ Ua^\ \h WP]S 4COCNNCJ 4GWVGTU

1Pc\P] ^dcfXccTS P _PXa Û bc^]Tab c^ [TPS cWT =âcW 0\TaXRP] Q^g ÛUXRT Uâ P U^dacW fTTZT]S ^] Bd]SPh QTR^\X]V cWT cWXaS QXVVTbc \êXT Û P[[ cX\T CWT 3PaZ :]XVWc b^[S PQ^dc !% \X[[X^] fâcW Û cXRZTcb SdaX]V cWT cWaTT SPhb QTVX]]X]V 5aXSPh cPZX]V Xcb WPd[ c^ ## $ \X[[X^] PUcTa !# SPhb bPXS FPa]Ta 1a^b ?XRcdaTb CWT bd_TaWTa^ bT`dT[ ]^f aP]Zb Pc =^ " ^] cWT P[[ cX\T [Xbc QTWX]S CXcP]XR fXcW % \X[[X^] P]S BcPa FPab fXcW #% \X[[X^] 1dc PSYdbcTS Uâ X]U[PcX^] cWT 2P_TS 2adbPSTa aP]Zb \âT \^STbc[h Pc =^ #( PRRâSX]V c^ caPRZ X]V UXa\ 1^g >UUXRT <^Y^ CWT ("( T_XR 6^]T FXcW cWT FX]S fX]b Qh cWPc \TPbdaT fXcW # QX[ [X^] X] c^SPh b S^[[Pab FPa]Ta 1a^b bPXS Xc Tg_TRcb 3PaZ :]XVWc c^ bda_Pbb BcPa FPab ]Tgc fTTZ T]S P]S T]S d_ fXcW PQ^dc $! \X[[X^] 8]cTa]PcX^]P[[h CWT 3PaZ :]XVWc WPb TPa]TS !%" \X[[X^] fXcW 1aXcPX] R^]caXQdcX]V %( " \X[ [X^] P]S 0dbcaP[XP "$ % \X[[X^] .QU #PIGNGU 4GWVGTU

T14-12-08-08.qxd

11.08.2008

19:21

Page 1

# C>30HzB I0<0=

67'5&#; #7)756

)êTUPSZ SFQFBUT XBS êO $BVDBTVT ;# #4 5#4+

CWTaT Xb P fPa QTcfTT] 6TâVXP P]S AdbbXP aXVWc ]^f 8c Xb ]^c cWT UXabc R^]U[XRc QTcfTT] 6TâVXP P]S AdbbXP êTa B^dcW >bbTcXP Pb cWTaT fPb P]^cWTa fPa ' hTPab PV^ D]Uâcd]PcT[h cWXb fPa Xb P R^] cX]dPcX^] Û cWT ^[S fPa CWT fPa Xb ]^c ^][h êTa B^dcW >bbTcXP Qdc d]Uâcd]PcT[h B^dcW >bbTcXP]b P]S 6TâVXP]b PaT bdUUTaX]V CWT fPa Xb P bcadVV[T QTcfTT] AdbbXP P]S 6TâVXP ^] P aTVX^]P[ [TeT[ P]S ^] P V[^QP[ [TeT[ QTcfTT] AdbbXP P]S cWT FTbc

)JTUPSJDBM GBDUPST PG UIF XBS

5IF TJUVBUJPO UPEBZ 8c Xb bcX[[ d]R[TPa fWPc _a^\_cTS cWT fPa 4PRW bXST WPb PRRdbTS cWT ^cWTa 0RRâSX]V c^ cWT AdbbXP]b cWT 6TâVXP]b bcPacTS cWT R^]U[XRc ZX[[X]V AdbbXP] _TPRT ZTT_Tab 0RRâSX]V c^ cWT 6TâVXP]b cWT AdbbXP] _TPRTZTT_X]V UâRTb eX^[PcTS cWTXa ]TdcaP[Xch P]S fTaT T]VPVTS X] PRcXeT[h Pa\X]V cWT B^dcW >bbTcXP]b PVPX]bc 6TâVXP 6TâVXP P[b^ R[PX\b cWPc <^bR^f fP]cb c^ cPZT _^bbTbbX^] Û cWT aTVX^] 0b TeXST]RT 6TâVXP X]SXRPcTb cWPc AdbbXP _aêXSTS aTbXST]cb Û B^dcW >bbTcXP fXcW AdbbXP] _Pbb_âcb b^ cWPc AdbbXP RP] R[PX\ Xc Xb STUT]SX]V Xcb ^f] RXcXiT]b BTeTaP[ UPRcâb P]S PRcâb \Ph PUUTRc cWT fPa) =0C> \T\QTabWX_) 6TâVXP b _aTbXST]c <XZWPX[ BPPZPbWeX[X \PST Y^X]X]V =0C> P]S cWT 4D ^]T Û WXb c^_ _aXâXcXTb 1dc cWTaT Xb SXbPVaTT\T]c P\^]V =0C> \T\QTab ^] fWTcWTa c^ R^]bXSTa 6TâVXP] \T\ QTabWX_ 5â TgP\_[T 6Ta\P]h _aTUTaaTS c^ Pe^XS P R^] Ua^]cPcX^] fXcW AdbbXP 0c P bd\\Xc X] 1dRWPaTbc X] 0_aX[ ! ' =0C> \T\QTab STR[X]TS c^ bTc P cX\TcPQ[T Uâ cWT X]R[dbX^] Û 6TâVXP 6Ta\P] 2WP]RT[[â 0]VT[P <TaZT[ bPXS SdaX]V cWT bd\\Xc cWPc PRRâSX]V c^ cWT =0C> caTPch =0C> R^d[S ]^c X]R[dST P bcPcT cWPc WPS ]^c aTb^[eTS Xcb cTaaXcâXP[ _a^Q[T\b CWT AdbbXP] VêTa] \T]c R^]R[dSTS cWPc X] âSTa c^ _aTeT]c =0C> b T][PaVT\T]c X] cWT 2PdRPbdb AdbbXP WPS c^ _aTeT]c 6TâVXP Ua^\ b^[eX]V Xcb TcW]^ cTaaXcâXP[ XbbdTb CWT 6TâVXP] _aTbXST]c b R^]R[dbX^] Û R^dabT fPb cWT ^__^bXcT) 6TâVXP f^d[S QT PQ[T c^ Y^X] =0C> ^][h XU Xc R^d[S R^]ca^[ B^dcW >bbTcXP Pb fT[[ Pb 0QZWPiXP ! :^bê^ b X]ST_T]ST]RT) 5â \âT cWP] P hTPa ]^f AdbbXP WPb aXVWc[h QTT] fPa]X]V cWPc :^bê^ b X]ST _T]ST]RT f^d[S bTc ÛU P S^\X]^ TUUTRc X] cWT 2PdRPbdb CWT :aT\[X] WPb PaVdTS cWPc cW^bT FTbcTa] R^d]caXTb cWPc

bd__âcTS cWT QaTPZd_ Û BTaQXP RP]]^c _aTeT]c cWT >bbTcXP]b P]S cWT 0QZWPiXP]b Ua^\ bTTZX]V aTR^V]XcX^] Û cWTXa X]ST_T]ST]RT Ua^\ cWT X]cTa]PcX^]P[ R^\\d]Xch 7^fTeTa ^]T `dTbcX^] ]TTSb c^ QT R[PaXUXTS 3^Tb AdbbXP fP]c B^dcW >bbTcXP P]S 0QZWPiXP c^ QTR^\T X]ST_T]ST]c bcPcTb â c^ P]]Tg cWT\. 8U AdbbXP bd__âcb 6TâVXP] bT_ PaPcXbc aTVX^]b X] TbcPQ[XbWX]V cWTXa ^f] X]ST_T]ST]c bcPcTb cWT] AdbbXP R^d[S WPeT Xcb ^f] SP]VTab AdbbXP WPb Xcb ^f] ! Pdc^]^\^db aT_dQ[XRb P]S aTVX^]b X]R[dSX]V 2WTRW]hP 3PVTbcP] CPcPabcP] P]S 8]VdbWTcXP CWTh \Ph P[b^ bTTZ X]ST_T]ST]RT Ua^\ AdbbXP 8U AdbbXP fP]cb c^ P]]Tg cWTbT cf^ 6TâVXP] aTVX^]b cWT] 6TâVXP WPb cWT aXVWc c^ STUT]S Xcb bêTaTXV]ch P]S cTaaXcâXP[ X]cTVaXch 8] cWXb RPbT cWT X]cTa]PcX^]P[ R^\\d]Xch bW^d[S R^]bXSTa AdbbXP c^ QT P] X\_TaXP[Xbc bcPcT fXcW ThTb ^] cWT cTaaXcâh Û Xcb ]TXVWQâb CWTaTUâT AdbbXP ]TTSb c^ RPaTUd[[h ]TV^ cXPcT Xcb STbXaTb fXcW cWT X]cTa]PcX^]P[ bhbcT\ " CWT DB P]S Xcb [P\T SdRZ _aTbXST]c) AdbbXP WPb R^\T c^ cWT R^]R[dbX^] cWPc Xc fX[[ QT SXUUXRd[c Uâ cWT 1dbW PS\X]XbcaPcX^] fWXRW WPb T]cTaTS cWT [Pbc bTeTaP[ \^]cWb Û WXb _aTbXST]Rh c^ X]cTaeT]T ^] QTWP[U Û Xcb 6TâVXP] P[[XTb >] cWT ^cWTa WP]S BPPZPbWeX[X \Ph QT[XTeT cWPc cWT DB P]S cWT ^cWTa \PYâ FTbcTa] _^fTab fX[[ X]cTaeT]T bPeX]V 6TâVXP Ua^\ P]]XWX[PcX^] P]S PRRT_cX]V 6TâVXP X]c^ cWT FTbcTa] bTRdaXch P]S TR^]^\XR bhbcT\ Pb X] =0C> P]S cWT 4D 7T \Ph P[b^ QT[XTeT cWPc P 3T\^RaPcXR _aTbXST]c X] cWT FWXcT 7^dbT \Ph ]^c PRRâS WX\ Pb \dRW bd__âc Pb 1dbW P]S cWdb STRXSTS cWPc ]^f Xb cWT aXVWc cX\T Uâ WX\ c^ PRc 8c Xb S^dQcUd[ cWPc cWT 6TâVXP] _aTbXST]c RP] aT[h ^] FTbcTa] bd__âc QTRPdbT cWT DB ]TTSb AdbbXP] bd__âc ^] XbbdTb [XZT 8aP] P]S =âcW :âTP P]S cWT \PYâ 4da^_TP] _^fTab bdRW Pb 6Ta\P]h ]TTS AdbbXP] T]TaVh aTb^daRTb CWT 1dbW PS\X]XbcaPcX^] ÛUTaTS bca^]V[h fâSTS QPRZX]V Uâ 6TâVXP Qdc Pe^XSTS P]h \T]cX^] Û _^bbXQ[T \X[XcPah PbbXbcP]RT 0Q^dc " DB \X[XcPah P]S RXeX[XP] _Tab^]]T[ PaT RdaaT]c[h X] 6TâVXP fWTaT cWTh PaT caPX]X]V 6TâVXP] ca^^_b # CTbcX]V AdbbXP] fX[[) CWT RaXbXb cWT UXabc c^ R^]Ua^]c ?aTbXST]c 3\Xcah <TSeTSTe bX]RT WT c^^Z ÛUXRT X] <Ph [^^Zb R[^bT c^ b_XaP[X]V X]c^ Ud[[ Q[^f] fPa X] cWT aTVX^] CWXb Xb P cTbc Uâ cWT AdbbXP] cP]ST\ QTcfTT] ?aTbXST]c <TSeTSTe P]S ?aX\T <X]XbcTa ?dcX] 2P] <TSeTSTe dbT WXb _aTbXST]cXP[ _^fTa c^ cPZT PRcX^] â fX[[ WT _[Ph WXb a^[T Pb P cTP\ \T\QTa. 3XS AdbbXP _aT_PaT Uâ _^bbXQ[T R^] U[XRc. CWT UXabc X]SXRPcX^] fPb cWPc <TSeTSTe RP] WP]S[T UâTXV] _^[XRh XbbdTb fWT] ?dcX] Xb PfPh 1dc X] cWT T]S ?dcX] WPb cWT aTP[ _^fTa P]S Xb ]^c bWh PQ^dc ST\^]bcaPc X]V Xc BTR^]S Xc Xb P[b^ R[TPa cWPc AdbbXP WPS QTT] _aT_Pa X]V _^[XcXRP[[h P]S \X[XcPaX[h Uâ P R^]Ua^]cPcX^] PVPX]bc 6TâVXP <P]h B^dcW >bbTcXP] _T^_[T WPeT cPZT] AdbbXP] RXcXiT]bWX_ CWTaTUâT AdbbXP RP] R[PX\ Xc Xb STUT]SX]V Xcb ^f] RXcXiT]b AdbbXP WPb QTT] bdb_XRX^db Uâ P [^]V cX\T Û 6TâVXP b R[^bT [X]Zb fXcW cWT DB P]S Û Xcb QXS c^ Y^X] =0C> AdbbXP \Ph WPeT STRXSTS c^ _aTeT]c 6TâVXP b PccT\_c c^ QTR^\T P \T\QTa Û =0C> X] âSTa c^ _aTeT]c [^bX]V R^]ca^[ Û cWT 2PdRPbdb aTVX^] P[c^VTcWTa

6TâVXP QTRP\T _Pac Û cWT AdbbXP] 4\_XaT X] cWT [PcT 'cW RT]cdah PUcTa cWT 6TâVXP] ZX]V PbZTS cWT AdbbXP] 4\_XaT c^ P]]Tg WXb R^d]cah QTRPdbT WT fPb PUaPXS Û cWT >cc^\P] 4\_XaT P]S cWT ?TabXP] 4\_XaT CWT (cW RT]cdah fPb cWT RT]cdah Û ]PcX^]P[Xb\ 6TâVXP]b STeT[^_TS cWTXa ]PcX^]P[ XST]cXch d]STa cWT AdbbXP] 4\_XaT FWT] cWT AdbbXP] 4\_XaT R^[[P_bTS X] ( & cWT 6TâVXP]b TbcPQ[XbWTS cWTXa ^f] bcPcT fWXRW fPb aTR^V]XiTS Qh b^\T 4da^_TP] bcPcTb bdRW Pb 6Ta\P]h 7^fTeTa cWT 1^[bWTeXZb `dXRZ[h b\PbWTS cWT UXabc X]ST _T]ST]c 6TâVXP] bcPcT X] (! 6T]TaP[[h 6TâVXP] AdbbXP] aT[PcX^]b fTaT UaXT]S[h 6TâVXP]b WT[S WXVW [TPSTabWX_ _^bXcX^]b X] cWT BêXTc Vê Ta]\T]cb bdRW Pb 8^bTU EXbbPaX^]êXRW 3iWdVPbWeX[X PZP 9^bT_W BcP[X] ;PeaT]cXP 1TaXP P]S cWT [Pbc BêXTc UâTXV] \X]XbcTa 4SdPaS BWTePaS]PSiT 7^fTeTa cf^ WXbcâXR TeT]cb RWP]VTS 6TâVXP] AdbbXP] aT[PcX^]b 5Xabc X] ($% cWTaT fPb P _a^cTbc X] CQX[XbX PVPX]bc :WadbWRWTe b ST BcP[X]XiPcX^] RP\_PXV] fWXRW fPb bTT] Pb P]cX 6TâVXP] CWXb _dQ[XR R^\\T\âPcX^] Û BcP[X] RP\T ^dc Û P bW^f Û _PcaX^cXR _aXST Uâ P UT[[^f 6TâVXP] X]SXRPcX]V P Va^fX]V ]PcX^]P[ PfPaT]Tbb 8] aTb_^]bT <^bR^f RaPRZTS S^f] aTbd[cX]V X] SîT]b ZX[[TS P]S Wd]SaTSb f^d]STS BTR^]S X] cWT b_aX]V Û ('( ST\^]bcaPcâb _a^cTbcTS 0QZWPiXP] bT_PaPcXb\ P]S RP[[TS Uâ VaTPcTa 6TâVXP] bêTa TXV]ch 6âQPRWTe PdcWâXiTS cWT dbT Û BêXTc ca^^_b c^ RadbW cWT _a^cTbcb BêXTc ca^^_b \PaRWTS X]c^ CQX[XbX ^] 0_aX[ ( c^ SXb_TabT P ST\^]bcaPcX^] X] cWT RT]cTa Û cWT RXch BêXTc ca^^_b RadbWTS cWT ST\^]bcaPcâb [TPeX]V ! 6TâVXP]b STPS X] cWT WTPac Û CQX[XbX 8c fPb RP[[TS 1[PRZ Bd]SPh CWTbT caPVTSXTb QTRP\T P bh\Q^[ Uâ 6TâVXP] ]PcX^]P[Xb\ 8] cWT PUcTa\PcW Û 1[PRZ Bd]SPh ]PcX^]P[Xb cXR P]S P]cX AdbbXP] UTT[X]Vb X]RaTPbTS SaP\PcXRP[[h P\^]V cWT 6TâVXP] _dQ[XR P]S T[XcTb CWT \PYâXch Û cWT a^dVW[h & _T^_[T [XeX]V X] B^dcW >bbTcXP PaT TcW]XRP[[h SXbcX]Rc Ua^\ 6TâVXP]b CWTh bPh cWTh fTaT UâRXQ[h PQbâQTS X]c^ 6TâVXP d]STa BêXTc ad[T 8] ('( TcW]XR [TPSTab X] B^dcW >bbTcXP ST\P]STS

bTRTbbX^] Ua^\ 6TâVXP 8] 0dVdbc (( cf^ \^]cWb QTUâT IeXPS 6P\bPZWdaSXP fPb T[TRcTS cWT UXabc _aTbXST]c Û X]ST _T]ST]c 6TâVXP cWT B^dcW >bbTcXP]b U^[[^fTS <^bR^f b PSeXRT P]S STR[PaTS cWTXa aTVX^] bêTaTXV] Ua^\ 6TâVXP 6P\bPZWdaSXP b UXabc \êT fPb c^ P]]d[ cWT Pdc^]^\^db bcPcdb cWPc B^dcW >bbTcXP WPS T]Y^hTS Sda X]V cWT BêXTc TaP 6P\bPZWdaSXP cWT] âSTaTS 6TâVXP b ]Tf aPVcPV \X[XcPah UâRTb X]c^ CbZWX]eP[X cWT aTVX^] b PS\X]XbcaPcXeT RP_XcP[ aTbd[cX]V X] UXVWcX]V X] fWXRW >bbTcXP]b fTaT ^_T][h bd__âcTS Qh BêXTc ca^^_b D[cX\PcT[h Wd]SaTSb _^bbXQ[h cW^dbP]Sb SXTS P]S !$ # _T^_[T fTaT UâRTS c^ U[TT cWT aTVX^] 0UcTa 6P\bPZWdaSXP fPb êTacWa^f] Qh cWT 6TâVXP] ^__^bXcX^] X] 9P]dPah ((! BWTePaS]PSiT QTRP\T cWT WTPS Û cWT 6TâVXP] bcPcT >]T Û BWTePaS]PSiT b UXabc âSTab fPb c^ T]S cWT UXVWcX]V X] >bbTcXP 8] 9d]T ((! 6TâVXP bXV]TS P RTPbT UXaT PVaTT\T]c fXcW cWT >bbTcXP]b P]S cWT AdbbXP]b AdbbXP]b 6TâVXP]b P]S >bbTcXP]b Q^cW b^dcWTa] P]S ]âcWTa] TbcPQ[XbWTS P Y^X]c _TPRTZTT_X]V \XbbX^] 1dc cWTh WPeT ]TeTa PVaTTS ^] P UX]P[ b^[dcX^] c^ cWT R^]U[XRc

?7>C>

3VTTJBO USPPQT OFBS UIF WJMMBHF PG ,IVSDIB "CLIB[JB

&TUBCMJTIFE PO +BOVBSZ /0 5VFTEBZ "VHVTU

5IêOL UBOL DBGF

>?8=8>=

3VTTJB DSPTTFT UIF MJOF 4+%*#4& % *1.$411-' 410#.& #5/75

=4F H>A: 8] fTTZb P]S hTPab _Pbc TPRW Û db WPb PaVdTS cWPc AdbbXP fPb _dabdX]V P _^[XRh Û aTVX\T RWP]VT c^fPaS 6TâVXP P]S Xcb _a^ FTbcTa] ST\^RaPcXRP[[h T[TRcTS _aTbX ST]c <XZWTX[ BPPZPbWeX[X FT _aTSXRcTS cWPc PQbT]c bca^]V P]S d]XUXTS FTbcTa] SX_[^\PcXR X]e^[eT\T]c fPa fPb R^\X]V =^f caPVXRP[[h P] TbRP[PcX^] Û eX^[T]RT X] B^dcW >bbTcXP WPb Rd[\X ]PcTS X] P Ud[[ bRP[T AdbbXP] X]ePbX^] Û 6TâVXP CWT FTbc Tb_TRXP[[h cWT D]XcTS BcPcTb R^d[S WPeT _aTeT]cTS cWXb fPa 0 fPcTabWTS \^\T]c Xb Pc WP]S X] cWT FTbc b _^bc 2^[S FPa aT[PcX^]b fXcW AdbbXP 4gPRc[h fWPc WP__T]TS X] B^dcW >bbTcXP [Pbc fTTZ Xb d]R[TPa 4PRW bXST fX[[ PaVdT Xcb ^f] eTabX^] 1dc fT Z]^f fXcW^dc S^dQc cWPc 6TâVXP fPb aTb_^]SX]V c^ aT_TPcTS _aê^RPcXeT PccPRZb Qh B^dcW >bbTcXP] bT_PaPcXbcb R^]ca^[[TS P]S Ud]STS Qh cWT :aT\[X] CWXb Xb P ]^c P fPa 6TâVXP fP]cTS* Xc QT[XTeTS cWPc Xc fPb b[^f[h VPX]X]V Va^d]S X] B^dcW >bbTcXP cWa^dVW P bcaPcTVh Û bÛc _^fTa FWPcTeTa \XbcPZTb 6TâVXP b VêTa]\T]c \PST RP]]^c YdbcXUh AdbbXP b PRcX^]b CWT :aT\[X] WPb X]ePSTS P ]TXVWQâ P] X[[TVP[ PRc Û PVVaTbbX^] cWPc eX^[PcTb cWT D= 2WPacTa P]S Ud]SP\T]cP[ _aX]RX_[Tb Û R^^_TaPcX^] P]S bTRdaXch X] 4da^_T 1TVX]]X]V P fT[[ _[P]]TS fPa X]R[dSX]V RhQTa fPaUPaT Pb cWT >[h\_XRb fTaT ^_T]X]V eX^[PcTb cWT P]RXT]c caPSXcX^] Û P cadRT c^ R^]U[XRc SdaX]V cWT 6P\Tb AdbbXP b fX[[X]V]Tbb c^ RaTPcT P fPa i^]T !$ \X[Tb Ua^\ cWT 1[PRZ BTP RXch Û B^RWX fWTaT Xc Xb c^ W^bc cWT FX]cTa 6P\Tb X] ! # WPaS[h ST\^]bcaPcTb Xcb R^\\Xc\T]c c^ >[h\_XR XSTP[b 8] R^]caPbc AdbbXP b cX\X]V bdVVTbcb cWPc E[PSX\Xa ?dcX] bTTZb c^ êTacWa^f BPPZPbWeX[X fT[[ PWTPS Û cWT DB T[TR cX^]b P]S cWdb Pe^XS QTVX]]X]V aT[PcX^]b fXcW cWT ]Tgc _aTbXST]c ^] P] êTac[h R^]Ua^]cPcX^]P[ ]^cT AdbbXP b V^P[ Xb ]^c bX\_[h Pb Xc R[PX\b aTbcâX]V cWT bcPcdb `d^ X] B^dcW >bbTcXP 8c fP]cb aTVX\T RWP]VT X] 6TâVXP 8c WPb ^_T]TS P bTR ^]S Ua^]c X] cWT ^cWTa SXb_dcTS 6TâVXP] cTaaXcâh 0QZWPiXP Ydbc b^dcW Û B^RWX 1dc Xcb VaTPc V^P[ Xb c^ aT_[PRT BPPZPbWeX[X P \P] ?dcX] STb_Xb Tb fXcW P _aTbXST]c \âT bdQYTRc c^ :aT\[X] X]U[dT]RT 0b BfTSXbW 5âTXV] <X]XbcTa 2Pa[ 1X[Sc _^X]cTS ^dc BPcdaSPh <^bR^f b aPcX^]P[T Uâ X]ePSX]V WPb _PaP[[T[b c^ cWT SPaZTbc RWP_cTab Û 4da^_T b WXbcâh 7PeX]V XbbdTS _Pbb_âcb c^ cT]b Û cW^dbP]Sb Û 0QZWPiXP]b P]S B^dcW >bbTcXP]b <^bR^f ]^f R[PX\b Xc \dbc X]cTaeT]T c^ _a^cTRc cWT\ P cPR cXR aT\X]XbRT]c Û ^]T dbTS Qh =PiX 6Ta\P]h Pc cWT bcPac Û Fâ[S FPa 88 AdbbXP bTTZb c^ a^[[ QPRZ ST\^RaPcXR QaTPZcWa^dVWb ^] Xcb QâSTab c^ STbca^h P]h RWP]RT Û UdacWTa =0C> â 4D T][PaVT\T]c P]S c^ aTTbcPQ[XbW P b_WTaT Û WTVT\^]h êTa Xcb ]TXVWQâb 1h cahX]V c^ STbca^h P ST\^RaPc XR _a^ FTbcTa] 6TâVXP <^bR^f Xb bT]SX]V P \TbbPVT cWPc X] Xcb _Pac Û cWT fâ[S QTX]V R[^bT c^ 0\TaXRP P]S cWT FTbc S^Tb ]^c _Ph CWXb \^\T]c R^d[S fT[[ \PaZ cWT T]S Û P] TaP X] 4da^_T SdaX]V fWXRW aTP[_^[XcXZ P]S b_WTaTb Û X]U[dT]RT fTaT bd__^bTS c^ QT aT_[PRTS Qh R^^_TaPcXeT ]â\b P]S P R^d]cah b aXVWc c^ RW^^bT Xcb ^f] _PcW 7^_Tb Uâ P \âT [XQTaP[ AdbbXP d]STa ?aTbXST]c 3\Xcah <TSeTSTe fX[[ ]TTS c^ QT aTTgP\X]TS 7Xb YdbcXUXRPcX^] Uâ cWXb X]eP bX^] aTPSb \âT [XZT 1aTiW]Te cWP] 6âQPRWTe FWX[T ]^ ^]T fP]cb P aTcda] c^ 2^[S FPa bch[T R^]Ua^]cPcX^] AdbbXP b QTWPeXâ _^bTb P SXaTRc RWP[[T]VT c^ 4da^_TP] P]S X]cTa]PcX^]P[ âSTa FWPc RP] cWT FTbc S^. 5Xabc 6TâVXP STbTaeTb cWT FTbc b b^[XSPa Xch P]S bd__âc CWT FTbc \dbc VTc cWT UXVWcX]V bc^__TS P]S _aTbTaeT 6TâVXP b cTaaXcâXP[ X]cTVaXch fXcWX] Xcb RdaaT]c X]cTa]PcX^]P[ QâSTa 0b b^^] Pb W^bcX[XcXTb RTPbT cWTaT bW^d[S QT P \PYâ R^âSX]PcTS caP]bPc[P]cXR TUUâc c^ WT[_ CQX[XbX aTQdX[S P]S aTRêTa BTR^]S fT bW^d[S ]^c _aTcT]S cWPc AdbbXP Xb P ]TdcaP[ _TPRTZTT_ Ta X] R^]U[XRcb ^] Xcb QâSTab AdbbXP Xb _Pac Û cWT _a^Q[T\ ]^c cWT b^[dcX^] 5â c^^ [^]V <^bR^f WPb dbTS TgXbcX]V X]cTa]PcX^]P[ \P] SPcTb c^ _dabdT ]T^ X\_TaXP[ _^[XRXTb CWT FTbc \dbc SXbPe^f cWTbT \P]SPcTb P]S X]bXbc ^] cad[h ]TdcaP[ X]cTa]PcX^]P[ UâRTb d]STa cWT D]XcTS =PcX^]b c^ \^]Xcâ P UdcdaT RTPbT UXaT P]S c^ \TSXPcT CWXaS cWT FTbc ]TTSb c^ R^d]cTa AdbbXP] _aTbbdaT ^] Xcb ]TXVW Qâb Tb_TRXP[[h DZaPX]T \^bc [XZT[h cWT ]Tgc cPaVTc X] <^bR^f b TUUâcb c^ RaTPcT P ]Tf b_WTaT Û WTVT\^]h CWT DB P]S cWT 4da^_TP] D]X^] \dbc QT R[TPa cWPc DZaPX]T P]S 6TâVXP fX[[ ]^c QT R^]ST\]TS c^ b^\T ZX]S Û VaPh i^]T 5X]P[[h cWT DB P]S cWT 4D \dbc \PZT R[TPa cWPc cWXb ZX]S Û PVVaTbbX^] fX[[ PUUTRc aT[PcX^]b P]S AdbbXP b bcP]SX]V X] cWT FTbc FWX[T FTbcTa] \X[XcPah X]cTaeT]cX^] X] 6TâVXP Xb ^dc Û cWT `dTbcX^] P]S ]^ ^]T fP]cb P ! bc RT]cdah eTabX^] Û cWT 2^[S FPa AdbbXP b PRcX^]b RP]]^c QT XV]âTS CWTaT Xb P ePbc PaaPh Û _^[XcXRP[ TR^]^\XR P]S ^cWTa PaTPb X] fWXRW AdbbXP b a^[T P]S bcP]SX]V fX[[ WPeT c^ QT aTTgP\X]TS CWT :aT\[X] \dbc P[b^ QT _dc ^] ]^cXRT cWPc Xcb ^f] _aTb cXVT _a^YTRc cWT B^RWX >[h\_XRb fX[[ QT PUUTRcTS Qh Xcb QTWPeXâ FTPZ FTbcTa] SX_[^\PRh P]S [PRZ Û caP]bPc[P]cXR d]Xch UPX[TS c^ _aTeT]c P] Pe^XSPQ[T fPa >][h bca^]V caP]bPc[P]cXR d]Xch RP] bc^_ cWXb fPa P]S QTVX] c^ aT_PXa cWT X\\T]bT SP\PVT S^]T >cWTafXbT fT RP] PSS ^]T \âT XbbdT c^ cWT Va^fX]V [Xbc Û cWT 1dbW PS\X]XbcaPcX^] b UâTXV] _^[XRh UPX[daTb AXRWPaS 7^[Qa^^ZT DB P\QPbbPSâ c^ cWT D]XcTS =PcX^]b X] cWT 2[X]c^] PS\X]XbcaPcX^] faXcTb P \^]cW[h R^[d\] Uâ CWT FPbWX]Vc^] ?^bc A^]P[S 3 0b\db Xb TgTRdcXeT SXaTRcâ Û cWT 1adbbT[b QPbTS CaP]bPc[P]cXR 2T]cTa Û cWT 6Ta\P] <PabWP[[ 5d]S Û cWT D]XcTS BcPcTb 2TQLGEV 5[PFKECVG

%BāêTUBO FUJOLBZB EBHJTUBODFUJOLBZB!UPEBZT[BNBO DPN US

>f]Ta ^] 1TWP[U ^U 5TiP 6PiTcTRX[XZ 0 è

0;å 0:1D;DC

2WXTU 4gTRdcXeT >UUXRTa

4:A4< 3D<0=;8 4SXc^a X] 2WXTU

1Á;4=C :4=4æ 4gTRdcXeT 4SXcâ 013D;;07 1>I:DAC <P]PVX]V 4SXcâb >:0= D3> 10BB4H 50C<0 34<åA4;;å 4<A07 Á;:4A 0]ZPaP AT_aTbT]cPcXeT :4Aå< 10;28 3X_[^\PcXR =Tfb 4SXcâ H>=20 ?>HA0I 3>ä0= 1dbX]Tbb =Tfb 4SXcâ å1A07å< CÁA:<4= 2d[cdaT 0acb 4SXcâ H0B4<å= 6ÁA:0= 5TPcdaTb 4SXcâ ?8=0A EDAD2D 2WXTU 2^_h 4SXcâ 74;4= ? 14CCB 6T]TaP[ <P]PVTa 50AD: :0A38¬ 2WXTU <PaZTcX]V >UUXRTa H0:D? æå<æ4: 3T_dch 2WXTU <PaZTcX]V >UUXRTa 14HCD;;07 34<åA 1aP]S <PaZTcX]V 70H30A 3DADB>H ATb_^]bXQ[T <P]PVTa P]S AT_aTbT]cPcXeT Û cWT >f]Ta 0;å >3010æ8 ?dQ[XR AT[PcX^]b 2^]cPRc 8]Uâ\PcX^]) ?dQ[XRPcX^] Ch_T) ?TaX^SXRP[ 3PX[h 7TPS`dPacTab) C^SPhzb IP\P] "# (# HT]XQ^b]P 8BC0=1D; ?W^]T =d\QTa) ( ! ! #$# ### 5Pg) ! ! #$# # (& FTQ 0SSaTbb) Wcc_) fff c^SPhbiP\P] R^\ ?aX]cTS Pc) 5TiP 6PiTcTRX[XZ 0 è CTbXb[TaX 0SeTacXbT\T]c ?W^]T) ( ! ! #$# '! #& 5Pg) ( ! ! #$# '% "" C^SPh b IP\P] PQXSTb Qh cWT ad[Tb Û _aTbb TcWXRb

CM Y K

T15-12-08-08.qxd

11.08.2008

22:33

Page 1

2>;D<=B

C>30HzB I0<0=

6 7 ' 5 & #; # 7 ) 7 5 6

$PVQT DBOOPU BMXBZT CF SFQFBUFE BTeTaP[ hTPab WPeT _PbbTS bX]RT cWT _^bc\^STa] R^d_ ^] 5TQ !' ((& CWTaT PaT bcX[[ `dTbcX^]b cWPc ]TTS c^ QT R[PaXUXTS C^SPh fT WPeT bca^]V TeXST]RT cWPc [X]Zb cWT _^bc\^STa] R^d_ c^ cWT 4aVT]TZ^] RaX\T VP]V CWT PX\ fPb c^ QP]XbW cWT FT[UPaT ?Pach A? fWXRW WPS bTRdaTS ! _TaRT]c Û cWT ]PcX^]P[ e^cT X] cWT (($ T[TRcX^]b Ua^\ cWT _^[XcXRP[ PaT]P @dTbcX^]) FW^ fPb ]^c WP__h fXcW cWT A? VêTa]\T]c. BTeTaP[ Va^d_b fTaT cad\_TcX]V cWPc Ud]SP\T]cP[ RWPa PRcTaXbcXRb Û cWT CdaZXbW AT_dQ[XR fTaT QTX]V d]STa\X]TS P]S cWPc b^\TcWX]V bW^d[S QT S^]T c^ _aTeT]c cWXb FPb cWTaT P aTP[ cWaTPc c^ cWT Ud]SP\T]cP[ RWPaPRcTaXbcXRb Û cWT aT_dQ[XR Pb cWTh PaVdTS â SXS cWTh WPeT ^cWTa V^P[b X] \X]S. CWT Va^d_b fW^ ^_T][h e^XRTS bd__âc Uâ \X[XcPah X]cTaeT]cX^] X] cWT 5TQ !' _a^RTbb R^]bXbcTS \PX][h Û _T^ _[T fW^ WPS PRRd\d[PcTS fTP[cW cWa^dVW Tg_[^XcX]V _dQ[XR aTb^daRTb ;PcTa cWTbT Va^d_b f^d[S R^\\Xc [PaVT bRP[T UaPdSb X] cWT QP]Zb cWTh ^f]TS P]S cWT [^bbTb cWTbT QP]Zb bdUUTaTS f^d[S QT aTX\QdabTS Qh cWT bcPcT 8c Xb TbcX\PcTS

0=3A4F 58=:4;

0;รง 1D;0ยฌ C DWNCE"VQFC[U\COCP EQO

cWPc cWT 5TQ !' R^d_ R^bc CdaZTh &# QX[[X^] CWTaT Xb P UP\^db PaVd\T]c cWPc WPb bc^^S bX]RT cWT <Ph !& (% R^d_) =^ \X[XcPah R^d_ Xb _^bbXQ[T X] CdaZTh fXcW ^dc UâTXV] bd__âc CWT aTbc Û cWT fâ[S b bcP]RT c^fPaS cWT 5TQ !' _a^RTbb fPb X]cTaTbcX]V CWT fâ[S SXS ]^c ^_T] [h VXeT P VaTT] [XVWc c^ P \X[XcPah R^d_ 8] _PacXRd[Pa 4da^_TP] R^d]caXTb TeT] \PST Xc ^QeX^db cWPc cWTh fTaT R^[S c^fPaS bdRW P R^d_ 8c fPb \TP]X]VUd[ cWPc Ydbc ^]T SPh PUcTa cWT =PcX^]P[ BTRdaXch 2^d]RX[ b <6: UP\^db \TTcX]V ^] 5TQ !' 6Ta\P] 2WP]RT[[â 7T[\dc :^W[ bTc d_ P \TTcX]V fXcW JcWT] ?aX\T <X]XbcTa =TR\TccX]L 4aQPZP] Uâ BT_c " CWT bcPcT\T]cb \PST Qh DB ÛUXRXP[b bd__âcX]V cWT

5TQ !' _a^RTbb PRR^\_P]XTS Qh aWTcâXR ^] cWT bP]RcXch Û bTRd[PaXb\ fTaT bTT] Pb VaPcdXc^db CWT \PbcTa\X]Sb QT WX]S cWT _a^RTbb WPS UPX[TS c^ cPZT cWXb X]c^ R^]bXSTaPcX^] 5â\Ta[h cWT \X[XcPah WPS cPZT] Ud[[ X]XcXPcXeT X] cWT R^d_b Û (% (& (' 0[cW^dVW X] TPRW RPbT Xc WPS QTT] RXeX[XP]b fW^ T]R^daPVTS cWT \X[XcPah R^d_ Pb fPb UaT`dT]c[h bcaTbbTS Qh <dWbX] 1Pcda P]S :T]P] 4eaT] cWT \X[XcPah f^d[S \PZT cWTXa _[P]b P]S X\_[T\T]c cWT\ ^] cWTXa ^f] 1dc cWXb cX\T cWTaT fPb P Ud]SP\T]cP[ RWP]VT X] cWT \P]]Ta X] fWXRW cWT X]cTaeT]cX^] fPb R^]SdRcTS CWTaT fTaT QPS ^Sâb X] cWT PXa CWT RXeX[XP] Va^d_b SXS Ud[UX[[ cWTXa SdcXTb Uâ X]RXcX]V cWT \X[XcPah X]c^ PRcX^]* X] _PacXRd[Pa cWT \TSXP TgTac TS VaTPc TUUâcb c^ \PZT P \X[XcPah X]cTaeT]cX^] bTT\ aTPb^] PQ[T P]S ]TRTbbPah HTc ^]T R^d[S bcX[[ VTc cWT bca^]V X\_aTb bX^] cWPc RTacPX] X]cTaTbc Va^d_b fW^ fP]cTS c^ êTacWa^f cWT VêTa]\T]c cWa^dVW P]cX ST\^RaPcXR \TcW^Sb P]S cWT RXeX[XP] _^[XcXRXP]b fW^ PRcTS X] R^âSX]PcX^] fXcW cWT\ fTaT PRcdP[[h cahX]V c^ PRWXTeT cWTXa ^f] _^[XcXRP[ V^P[b cWa^dVW ]^] _^[XcX RP[ \TcW^Sb P]S c^ X]S^RcaX]PcT cWT \X[XcPah P[^]V cWTbT

/P $PNNFOU

[X]Tb CWT 5TQ !' _a^RTbb _a^SdRTS STRXbX^]b cWPc fTaT SXUUX Rd[c c^ X\_[T\T]c >]RT PVPX] cWT UTPa Û cWT \X[XcPah _a^ U^d]S[h PUUTRcTS b^RXP[ [XUT CWT \X[XcPah QTRP\T cWT bdQYTRc \PccTa Û b_TRd[PcX^]* \PaZTcb U[dRcdPcTS R^]bXSTaPQ[h ?^[XcXRXP]b fW^ fTaT d]bdaT PQ^dc cWTXa [TeT[ Û bd__âc Ua^\ cWT _T^_[T Qdc fW^ fTaT bcX[[ UTPaUd[ Û TeP[dPcX]V cWTXa ^f] _^[XcXRP[ _TaUâ\P]RT bPf cWT R^d_ Pb P V^[ST] ^__âcd]Xch c^ cPZT _^[XcXRP[ _^fTa CWT \PYâXch Û bTRd[Pa X]cT[[TRcdP[b P]S \TSXP UXVdaTb SXS ]^cWX]V Qdc P__[PdS cWT _a^RTbb C^SPh cWTaT PaT b^\T fW^ fP]c c^ T\_[^h cWT bP\T cPRcXRb c^ VaPQ _^[XcXRP[ _^fTa CWT R^d_ PccT\_c fWXRW bdaUPRTS P[^]V fXcW _a^Û Û 4aVT]TZ^] b TgXbcT]RT fPb P] PccT\_c c^ aT [Pd]RW b^\TcWX]V bX\X[Pa c^ cWT 5TQ !' R^d_ CWTXa cPRcXRb STbXV]TS c^ UâRT cWT \X[XcPah X]c^ PRcX^] X]R[dSTS caXVVTaX]V P CdaZXbW :daSXbW R^]U[XRc bTaXP[ \daSTab P]S bW^RZX]V PbbPbbX]PcX^]b 8U cWXb WPS QTT] bdRRTbbUd[ cWTh f^d[S WPeT STaPX[TS CdaZTh Ua^\ cWT FTbcTa] PgXb P]S c^fPaS cWT AdbbXP] 2WX]TbT PgXb 1dc cWTh UPX[TS c^ S^ Xc

(&03(*" 3&65&34

P RQRG"VQFC[U\COCP EQO

C HKPMGN"VQFC[U\COCP EQO

+VNQรชOH UP DPODMVTรชPOT

(FPSHรชB BOE 5VSLรชTI BNCรชWBMFODF

8c Xb b^\TcWX]V Û P \^STa] \hcW PQ^dc cWT P]RXT]c fâ[S cWPc cWT QT[[XR^bT 6aTTZ RXch bcPcTb c^^Z cX\T ÛU SdaX]V cWT >[h\_XR 6P\Tb c^ _dc cWTXa b_TPab P]S bfâSb d]STa cWT QTS CWT TZTRWTXaXP â >[h\_XR CadRT fPb \âT P bPUT R^]SdRc Uâ PcW[TcTb P]S caPeT[Tab c^ cWT VP\Tb 4eT] b^ cWT VP\Tb fTaT X]cT]STS Pb P cX\T Û YPf YPf ]^c fPa fPa B^ Xc R^\Tb Pb ^]T Û cW^bT \PS Xa^]XTb cWPc cWT RdaaT]c R^]U[XRc X] cWT 2PdRPbdb QTcfTT] 6TâVXP P]S AdbbXP \Ph WPeT ^RRdaaTS cWa^dVW P \Xb RP[Rd[PcX^] cWPc cWT fâ[S b PccT]cX^] f^d[S QT b^ UXgPcTS ^] QTPRW e^[[ThQP[[ P]S caP_ bW^^cX]V X] 1TXYX]V cWPc Xc f^d[S _Ph [Xcc[T PccT]cX^] c^ P STPS[XTa R^]cTbc ^][h P bWâc b_X] Û cWT V[^QT PfPh 0]S Û R^dabT cWTaT Xb Ua^\ cWT CdaZXbW _Tab_TRcXeT P _TRd[XPa bXST c^ cWT R^]U[XRc CWT TbbT]RT Û cWT R[PbW Xb cWT ^]T cWX]V cWPc Xb ]^c X] SXb_dcT 6TâVXP] ?aTbXST]c <XZWPX[ BPPZPbWeX[X YdSVTS cWT \^\T]c fPb aXVWc c^ aTPbbTac WXb ]PcX^] b bêTaTXV]ch êTa B^dcW >bbTcXP P]S ]^f fXbWTb WT WPS bcPhTS W^\T CWT 6TâVXP] ^]b[PdVWc _a^SdRTS RXeX[ XP] RPbdP[cXTb P]S cWT STPcWb Û êTa P SîT] AdbbXP] _TPRTZTT_Tab <^bR^f aTb_^]STS fXcW fWPc 6TâVT 1dbW WPb STbRaXQTS Pb SXb_a^_âcX^]PcT dbT Û UâRT CWT _^fTaUd[ Pbbd\_cX^] Xb cWPc AdbbXP X] cX\T W^] âTS caPSXcX^] UTa\T]cTS bT_PaPcXbc \êT\T]cb Q^cW X] B^dcW >bbTcXP Qdc P[b^ 0QZWPiXP c^ aTcPX] [TeTaPVT êTa 6TâVXP XcbT[U CQX[XbX b aTcaTPc P]S ÛUTa Û RTPbT UXaT WPb QTT] XV]âTS P]S AdbbXP WPb R^]RT]caPcTS ^] cPaVTcb X]bXST 6TâVXP VXeX]V P eTah UXa\ X\_aTbbX^] cWPc Xcb aT P[ cPaVTc Xb cWT BPPZPbWeX[X _aTbXST]Rh XcbT[U 8cb UâRTb bTT\ bTc ^] _d]XbWX]V BPPZPbWeX[X ]^c Ydbc Uâ cahX]V c^ aT P]]Tg cTaaXcâh 6TâVXP]b QT[XTeT Xb cWTXab Qdc Uâ cahX]V c^ P[[h WXb ]PcX^] fXcW =0C> APcWTa cWP] d]XUh X]V WXb W^\T[P]S cWT 6TâVXP] _aTbXST]c \Ph SXbRêTa cWPc Xc Xb ]^f W^_T[Tbb[h SXeXST S CWT AdbbXP] \X[XcPah PRcX^] Xb X]cT]STS Pb P [Tbb^] c^ cWT aTVX^] cWPc cWT 2PdRPbdb Xb P aTP[\ fWTaT =0C> b faXc S^Tb ]^c ad] CWT R^]U[XRc Xb P RPcPbca^_WT Uâ RXeX[XP] _^_d[PcX^]b fW^ ]^f UX]S cWTXa [XeTb [XcTaP[[h X] adX]b Qdc P[b^ ST \âP[XiX]V Uâ 6TâVXP b ]TXVWQâb AdbbXP WPb PRRdbTS DZaPX]T Û QTX]V _Pach c^ VT]^RXST Uâ bd__[hX]V 6TâVXP b Pa\h P]S b]Pa[TS Pc CdaZTh Uâ bXV]X]V P \^STbc STUT]bT PVaTT\T]c CdaZTh WPb caXTS c^ _dabdT P bÛc[h bÛc[h P__a^PRW T]R^daPVX]V P \âT X]ST _T]ST]c 6TâVXP Pb _Pac Û P] T]TaVh P]S caP]b_âcP cX^] RâaXSâ ^dcbXST <^bR^f b R^]ca^[ 0c cWT bP\T cX\T AdbbXP Xb P \PYâ caPSX]V _Pac]Ta P]S WXbcâXRP[[h CdaZTh Xb RPdcX^db PQ^dc _d[[X]V cWT :aT\[X] cXVTa Qh cWT cPX[ 0]ZPaP \Ph [T]S Xcb e^XRT c^ DB P]S 4D TUUâcb c^ X\_^bT P] >[h\_XR cadRT Qdc AdbbXP WPb ]^c hTc bW^f] P]h TPVTa]Tbb c^ [XbcT] CdaZXbW _dQ[XR ^_X]X^] Xb R[TPa[h ^] 6TâVXP b bXST CWTaT Xb P [PaVT TcW]XR 6TâVXP] _^_d[PcX^] AdbbXP] Q^\Qb WPeT UP[[T] ^] TXcWTa bXST Û cWT 1PZd 2ThWP] _X_T[X]T CdaZXbW caPST P]S c^daXb\ PaT QTX]V Wdac \âT P]S \âT cWT [^]VTa cWT R^]U[XRc V^Tb ^] 7^fTeTa BPPZPbWeX[X fX[[ fX] ]^ PS\XaTab Uâ WPeX]V VP\Q[TS b^ WTPeX[h fXcW WXb ]PcX^] b UdcdaT P]S [^bc P]S b^\T R^\ \T]cPcâb PaT QTVX]]X]V c^ PbZ W^f CdaZTh \XVWc WPeT QTWPeTS X] AdbbXP b bcTPS Bd__^bT cWT AT_dQ[XR Û 2h_adb STRXSTS c^ _dc P] T]S c^ cWT ]âcW b ST\P]Sb CdaZTh PUcTa P[[ aTbTaeTb cWT aXVWc c^ _aTbTaeT Xcb ^f] cTaaXcâXP[ X]cTVaXch Qh WPeX]V Xcb ^f] UâRTb SX_ Pc fX[[ PRa^bb cWT 8aP`X QâSTa CWT R^]U[XRc Tg_^bTb P]^cWTa UPd[c [X]T Û CdaZXbW P\QXeP[T]RT CWTaT Xb P WTcTa^S^g bRW^^[ cWPc bPhb CdaZTh WPb QTT] QTcaPhTS Qh cWT DB cWPc Xcb UdcdaT RP] ]^c [XT fXcW 4da^_T P]S cWPc Xc bW^d[S QTR^\T cWT \T\QTa Û P 4daPbXP] P[[XP]RT Û fWXRW cWT ZThbc^]T Xb Û R^dabT AdbbXP CWTaT Xb P Q^Sh Û H^d]V AdbbXP]b fXcWX] cWT CdaZXbW 0a\TS 5âRTb CB: P]S ^]T Tg_[P]PcX^] Uâ cWT 4aVT]TZ^] caXP[ Xb cWPc Xc Xb P] PccT\_c c^ _daVT cWT 4daPbXP]b fXcWX] cWT aP]Zb FWX[T cWT FTbc \Ph ]^c WPeT QTT] PQ[T c^ bcP]S d_ Uâ 6TâVXP CdaZTh Xb PRcdP[[h P \T\QTa Û =0C> P]S WPb QTT] d]STa cWPc d\QaT[[P Uâ êTa WP[U P RT]cdah 0UcTa cWXb fTTZ cWT ]^cX^] cWPc cWT R^d]cah bW^d[S RWP]VT Xcb R^dabT P]S adbW X]c^ <^bR^f b Pa\b \dbc bTT\ [Tbb Û P V^[S \TSP[ fX]]X]V XSTP

=82>;4 ?>?4

4BBLBTIWรชMรช T HBNCMF NBZ DPTU (FPSHรชB EFBS 6TâVXP b W^_Tb Û Y^X]X]V =0C> P]S cWT 4da^_TP] D]X^] WPeT bdUUTaTS P bTcQPRZ QTRPdbT Û cWXb fTTZ b UXVWcX]V fXcW AdbbXP _^cT]cXP[[h aT SdRX]V Xcb PccaPRcXeT]Tbb c^ X]eTbcâb CWT R^]U[XRc êTa cWT QaTPZPfPh aTVX^] Û B^dcW >bbTcXP WPb aTeXeTS caP]bPc[P]cXR P]S X]caP 4da^_TP] SXUUTaT]RTb êTa 6TâVXP P]S UdacWTa d] STa\X]TS R^]UXST]RT X] b^\T `dPacTab X] Xcb `dXg^c XR DB QPRZTS [TPSTa SX_[^\Pcb P]S P]P[hbcb bPh 9dbc U^da \^]cWb PV^ ?aTbXST]c <XZWPX[ BPPZPbWeX[X fPb WPX[X]V P QaTPZcWa^dVW X] WXb P\QX cX^] c^ Y^X] cWT FTbc fWT] =0C> [TPSTab STR[PaTS Pc P bd\\Xc cWPc 6TâVXP P]S UT[[^f Uâ\Ta BêXTc aT_dQ[XR DZaPX]T f^d[S ^]T SPh Y^X] cWT P[[XP]RT 7^fTeTa bTeTaP[ fTbc 4da^_TP] P[[XTb [TS Qh 6Ta\P]h WPS \XbVXeX]Vb PQ^dc Tg_P]SX]V cWT DB [TS \X[XcPah _PRc aXVWc d_ c^ AdbbXP b b^dcWTa] QâSTa P]S PQ^dc 6TâVXP b bcPQX[Xch VXeT] Xcb _a^Q[T\b fXcW cf^ QaTPZPfPh aTVX^]b CWTh _aTeT]cTS =0C> VXeX]V cWT cf^ Pb_XaP]cb P <T\QTabWX_ 0RcX^] ?[P] fWXRW Xb P a^PS\P_ c^ TeT]cdP[ PRRTbbX^] 0[[XTS UâTXV] \X]XbcTab PaT SdT c^ aTeXTf cWPc XbbdT X] 3TRT\QTa BPPZPbWeX[X b STRXbX^] c^ bT]S ca^^_b X]c^ B^dcW >bbTcXP ^]T Û cWT aTQT[ i^]Tb caXVVTaX]V AdbbXP] \X[XcPah X]cTaeT]cX^] P]S R[PbWTb ^] cWT UaX]VTb Û cWT ^cWTa bT_PaPcXbc aTVX^] 0QZWPiXP WPeT ^][h bcaT]VcWT]TS cW^bT R^]RTa]b {CWXb fPa WPb _dbWTS 6TâVXP UdacWTa PfPh ]^c Ydbc Ua^\ 4da^_T Qdc P[b^ R^\_[XRPcTb cWT =0C> R^d]RX[ X] 3TRT\QTa | 8cP[XP] 5âTXV] <X]XbcTa 5aP]R^ 5aPccX]X bPXS X] P ]Tfb_P_Ta X] cTaeXTf _dQ[XbWTS ^] <^]SPh {8cP[h \PX]cPX]b cWPc fT RP]]^c RaTPcT P] P]cX AdbbXP R^P[XcX^] X] 4da^_T P]S ^] cWXb _^X]c fT

"/"-:4*4

2CWN 6C[NQT 3&65&34 PaT R[^bT c^ AdbbXP] ?aX\T <X]XbcTa E[PSX\Xa ?dcX] b _^bXcX^] | WT c^[S ;P BcP\_P 6TâVXP PRWXTeTS X\_aTbbXeT TR^]^\XR Va^fcW aPcTb P]S PccaPRcTS UâTXV] RP_XcP[ STb_XcT P AdbbXP] TR^]^\XR P]S caP]b_âc Q^hR^cc P]S VPb Rdc ÛU Pb X]eTbcâb P__TcXcT Uâ T\TaVX]V 4da^_T \êTS TPbcfPaSb _Pac[h SdT c^ cWT _a^b_TRc Û cWT R^d]cah QTX]V P]RWâTS X]c^ 4da^ 0c[P]cXR bTRdaXch bcadRcdaTb {1dc cWXb \PZTb =0C> Tg_P]bX^] \dRW [Tbb [XZT[h CWT [Pbc cWX]V cWT D]XcTS BcPcTb ]TTSb ]^f Xb P]^cWTa Ua^]c CWPc b TgPRc[h fWPc AdbbXP Xb cPZ X]V PSeP]cPVT Û | bPXS 3PeXS ;dQX] P] T\TaV X]V \PaZTcb TR^]^\Xbc Pc 2XcXVa^d_ 6Ta\P]h P]S 5aP]RT Q^cW fXcW R[^bT cXTb c^ <^bR^f WPeT QTT] RPdcX^db X] _dQ[XR R^\ \T]cb RP[[X]V Uâ P] X\\TSXPcT RTPbTUXaT P]S aT b_TRc Uâ 6TâVXP b cTaaXcâXP[ X]cTVaXch Qdc Pe^XS X]V Q[P\X]V TXcWTa bXST Uâ bcPacX]V cWT UXVWcX]V 0 6Ta\P] VêTa]\T]c b_^ZTb\P] bPXS 2WP]RT[[â 0]VT[P <TaZT[ f^d[S V^ PWTPS fXcW WTa _[P] c^ caPeT[ c^ B^RWX ^] cWT AdbbXP] 1[PRZ BTP R^Pbc R[^bT c^ 0QZWPiXP ^] 5aXSPh Uâ cP[Zb fXcW ?aTbXST]c 3\Xcah <TSeTSTe 5aT]RW ?aTbXST]c =XR^[Pb BPaZîh fW^ W^[Sb cWT 4D b a^cPcX]V _aTbXST]Rh fX[[ eXbXc <^bR^f ^] CdTbSPh X] W^_Tb Û Qa^ZTaX]V P RTPbTUXaT 1aXcPX] WPb ST_[âTS AdbbXP] PXa bcaXZTb fT[[ QTh^]S B^dcW >bbTcXP P]S cWT Tg R^\\d]Xbc

$. : ,

1P[cXR bcPcTb P]S ?^[P]S WPeT PRRdbTS <^bR^f Û PVVaTbbX^] P]S X\_TaP[Xb\ {BPPZPbWeX[X Xb _[PhX]V WXb \TSXP VP\T Uâ cWT R^]bRXT]RT Û cWT FTbcTa] fâ[S CWT _aXRT Xb WXVW Qdc WT Xb eTah R^]eX]RX]V | bPXS ?PfT[ BfXTQ^SP WTPS Û cWT cWX]Z cP]Z 3T\^bTda^_P X] FPabPf ?TaWP_b cWT bcPaZTbc 4da^_TP] R^\\T]c RP\T Ua^\ BfTSXbW 5âTXV] <X]XbcTa 2Pa[ 1X[Sc fW^ bPXS AdbbXP b R[PX\ cWPc Xc fPb _a^cTRcX]V Xcb RXcX iT]b X] B^dcW >bbTcXP aT\X]STS WX\ Û BTaQXP] bca^]V\P] B[^Q^SP] <X[^bTeXR P]S =PiX SXRcPcâ 0S^[U 7Xc[Ta 3X_[^\Pcb bPXS cWPc _aêXSTS <^bR^f SXS ]^c _dbW Xcb \X[XcPah PSeP]cPVT c^^ UPa P]S TXcWTa cWaTPcT] P ZTh 2Pb_XP] ^X[ _X_T[X]T c^ CdaZTh PRa^bb 6TâVXP â bTTZ c^ d]bTPc BPPZPbWeX[X cWTaT fPb ]^ _a^b_TRc Û P d]XcTS c^dVW FTbcTa] aTPRcX^] C^ b^\T =0C> P]S 4D SX_[^\Pcb cWT RaXbXb WPb eX]SXRPcTS cWTXa aTbXbcP]RT c^ DB TUUâcb c^ bW^T Wâ] 6TâVXP X]c^ cWT P[[XP]RT d]STa ?aTbXST]c 6TâVT F 1dbW b {UaTTS^\ PVT]SP | CWP]Z WTPeT]b fT SXS] c cPZT cWT\ X] P bT] Xâ T]e^h Û ^]T Û cWT bZT_cXRP[ 4da^_TP] bcPcTb bPXS b_TPZX]V ^] R^]SXcX^] Û P]^]h\Xch 0b \T\QTab cWT 6TâVXP]b R^d[S WPeT X] e^ZTS =0C> b 0acXR[T E \dcdP[ STUT]bT R[PdbT aT`dXaX]V ]PcX^]b c^ R^\T c^ cWT PbbXbcP]RT Û P] P[[h d]STa PccPRZ {=^ ^]T X] =0C> fP]cb c^ QT SaPVVTS X]c^ P fPa X] cWT 2PdRPbdb QTRPdbT Û BPPZPbWeX[X b \XbRP[Rd[PcX^] | cWT SX_[^\Pc bPXS PSSX]V cWPc cWT 6TâVXP] _aTbXST]c WPS QTT] QPS[h PSeXbTS X] bT]SX]V ca^^_b X]c^ B^dcW >bbTcXP

CWT bWTTa aP]S^\]Tbb Û cTaaâXbc PccPRZb RaT PcTb d]RTacPX]ch P]S caXVVTab T\^cX^]P[ aTPR cX^]b CWT _dQ[XR d]bTcc[TS fP]cb P]bfTab P]S cWT bTRdaXch UâRTb bRaP\Q[T c^ _aêXST cWT\ CWT \âcPa PccPRZb P__PaT]c[h PX\TS Pc cWT BT[X\XhT QPaaPRZb fWXRW f^d]STS cWaTT _T^_[T X] ร bZรกSPa [Pbc CWdabSPh fTaT P] d]fT[R^\T aT \X]STa cWPc TeT] fXcW cWT 2^]bcXcdcX^]P[ 2^dac STRXbX^] ]^f QTWX]S db P]S cWT _^[XcXRP[ _a^RTbb QPRZ ^] Xcb aPX[b CdaZTh WPb ]^c T]cXaT[h bWPZT] ÛU cWT cWaTPc Û ^RRPbX^]P[ eX^[T]RT FWX[T cWT Pc \^b_WTaT WPb ]^cXRTPQ[h aT[PgTS cWT cT]bX^]b Û cWT _Pbc UTf \^]cWb WPeT ]^c T]cXaT[h eP]XbWTS P]S PaT bcX[[ UTa\T]cX]V d]STa cWT bdaUPRT CWT ร bZรกSPa X]RXST]c fPb P__PaT]c[h R[PX\TS Qh P WXcWTac^ d]Z]^f] Va^d_ P[[TVTS[h [X]ZTS c^ cWT :daSXbcP] FâZTab ?Pach ?:: CWT PdcWâX cXTb WPS P[b^ PccaXQdcTS cWT STePbcPcX]V 6รก]Vร aT] Q^\QX]Vb fWXRW ZX[[TS & RXeX[XP]b X] 9d[h c^ cWT :daSXbW âVP]XiPcX^] Bdb_TRcb fTaT PaaTbcTS P]S RWPaVTS >UUXRXP[b Ua^\ cWT bTRdaXch UâRTb Pb fT[[ Pb cWT _aX\T \X]XbcTa XST]cXUXTS cWT ?:: Pb cWT â VP]XiPcX^] QTWX]S cWT Tg_[^bX^]b CWT ?:: S^Tb Û R^dabT dbT eX^[T]RT P]S Xcb X]e^[eT\T]c RP] ]^c QT ad[TS ^dc 8c R^]cX]dTb c^ R[PbW aTVd[Pa[h fXcW cWT CdaZXbW 0a\TS 5âRTb CB: X] cWT B^dcWTPbc R^bcX]V cWT [XeTb Û h^d]V b^[SXTab 8] cWT 6รก]Vร aT] RPbT W^fTeTa CPaPU ]Tfb_P_Ta WXVW[XVWcTS T]^dVW X]R^]bXbcT]RXTb c^ bdVVTbc cWPc Yd\_X]V c^ R^]R[dbX^]b f^d[S QT d]fXbT FWX[T _dQ[XR T\^cX^]b ^QeX^db[h ad] WXVW fWT] X]]^RT]c RXeX[XP]b â b^[SXTab ^] Sdch PaT ZX[[TS _^[XcXRXP]b WPeT P aTb_^]bXQX[Xch c^ aT\PX] R^^[WTPSTS P]S Pe^XS _^X]cX]V cWT UX]VTa c^^ b^^] FWPc WPb P[aTPSh T\TaVTS Ua^\ cWT 4aVT]TZ^] X] `dXah bW^d[S WPeT cPdVWc db cWPc fWPc fT bTT Pc UXabc V[P]RT Xb ]^c P[fPhb cWT Ud[[ _XRcdaT CWT VêTa]\T]c Xb fT[[ _[PRTS c^ Z]^f) 8c fPb ]^c b^ [^]V PV^ PUcTa P[[ X] <Ph ! % cWPc VêTa] \T]c \X]XbcTab PccT]SX]V cWT Ud]TaP[ Û cWT YdSVT ZX[[TS X] cWT 2^d]RX[ Û BcPcT PccPRZ fTaT Q^^TS Qh P] P]Vah \^Q PRRdbX]V cWT\ Û \daSTa CWT Vd] \P] WPS Qdabc X]c^ cWT R^dac P]S bW^c YdSVTb bW^dcX]V aT[XVX^db b[^VP]b >__^]T]cb Û cWT Vê Ta]\T]c WPS bfXUc[h Yd\_TS c^ cWT fa^]V R^]R[d bX^]b bTTX]V P SXaTRc [X]Z QTcfTT] cWT aT[XVX^db PbbPX[P]c P]S cWT 9dbcXRT P]S 3TeT[^_\T]c ?Pach 0: ?Pach CWT 4aVT]TZ^] X]eTbcXVPcX^] WPb bX]RT bdVVTbcTS cWPc cWT PccPRZTa WPS QTT] WXaTS c^ R^] UdbT cWT _dQ[XR P]S RaTPcT _aTRXbT[h bdRW P] X\PVT 8] cWT bP\T fPh cWPc cWT R^]RTa]b Û Pa ST]c bTRd[PaXbcb PQ^dc cWXb R^]bTaePcXeT Vê Ta]\T]c RP] TPbX[h QT UTS P]S ]dacdaTS cWT :daSXbW `dTbcX^] Xb _a^]T c^ P[[ ZX]Sb Û \P ]X_d[PcX^]b <P]h ]PcX^]P[Xbc CdaZb P[aTPSh R^]U[PcT ?:: eX^[T]RT fXcW :daSb X] VT]TaP[ cWdb RaTPcX]V P SP]VTa^db b^RXP[ aXUc cWPc fX[[ \PZT Xc WPaSTa c^ aTPRW P b^[dcX^] 0b cWT R^d]cah T\TaVTb Ua^\ P _TaX^S Û X]cT]bT _^ [PaXiPcX^] _^[XcXRXP]b bW^d[S TgTaRXbT dccTa RPdcX^] P]S Pe^XS bRaPcRWX]V d]]TRTbbPaX[h Pc ^cWTa UPd[c [X]Tb X] b^RXTch 5âcd]PcT[h cWT PRRdbPcX^]b WPeT ]^c [TS c^ P]h ZX]S Û d]aTbc _a^Û _TaWP_b cWPc cWT CdaZXbW _^_d[PcX^] fPah Û aTPSh \PST Tg_[P]PcX^]b WPb [TPa]TS c^ cPZT TeTahcWX]V fXcW P _X]RW Û bP[c CWPc cWT _dQ[XR bW^d[S QT b^ bZT_cXRP[ Û ÛUX RXP[ STR[PaPcX^]b aTeTP[b cWT c^[[ cWPc hTPab Û d] Tg_[PX]TS eX^[T]RT ÛUXRXP[ WP[U cadcWb P]S aTeT[P cX^]b Û d]STaRêTa _[^cb WPeT cPZT] 4eT]cdP[[h CdaZTh fX[[ WPeT c^ UX]S P _^ [XcXRP[ b^[dcX^] c^ cWT :daSXbW XbbdT 0b <Tbdc H [\Pi ^]RT bPXS fWT] WT fPb ST_dch _aX\T \X]XbcTa CdaZTh b _PcW c^ cWT 4da^_TP] D]X^] V^Tb cWa^dVW 3XhPaQPZ a FWX[T R^\ QPcX]V cTaaâXb\ Xc Xb cWTaTUâT X\_âcP]c c^ TgTaRXbT cWT dc\^bc RPdcX^] fWT] PbbXV]X]V Q[P\T P]S c^ Pe^XS bcPcT\T]cb cWPc R^d[S X] U[P\T _dQ[XR ^_X]X^]

T16-12-08-08.qxd

11.08.2008

15:32

Page 1

% C>30HzB I0<0=

67'5&#; #7)756

;48BDA4

UW HVêEF

)TGIQTKCP %CNGPFCT "VHVTU $ & *KLTK %CNGPFCT 4IBCBO " ) *GDTGY %CNGPFCT "W DBMFOEBS!UPEBZT[BNBO DPN

ÿ45"/#6- -FWFOU $JOFCPOVT ,BOZPO 'SJ 4BU ,BE»L±Z $JOFCPOVT /BVUJMVT 'SJ 4BU "/,"3" "UB 0O 5PXFS 'SJ 4BU $JOFCPOVT 1BOPSB 'SJ 4BU ÿ;.ÿ3 $JOFCPOVT ,POBL 1JFS 'SJ 4BU "/5"-:" $JOFCPOVT .JHSPT 'SJ 4BU

%"3, '-0034

ÿ45"/#6- ĀJþMJ .PWJFQMFY ,BE»L±Z $JOFCPOVT /BVUJMVT 'SJ 4BU "/,"3" $JOFCPOVT 1BOPSB 'SJ 4BU ÿ;.ÿ3 ,POBL "'. 1BTTUFM

4-&&18"-,*/(

ÿ45"/#6- -FWFOU $JOFCPOVT ,BOZPO 'SJ 4BU ,P[ZBUBā» #POVT 1SFNJVN $JOFDJUZ 5SJP 'SJ 4BU "/,"3" $JOFCPOVT "SDBEJVN 'SJ 4BU

#0//&7*--&

ÿ45"/#6- &TFOUFQF $JOFCPOVT "TUPSJB 'SJ 4BU ,BE»L±Z $JOFCPOVT /BVUJMVT 'SJ 4BU

"10$"-:14& /08

ÿ45"/#6- #FZPāMV #FZPāMV

$SPTTXPSE

$/#$ &

5IF /FX "EWFOUVSFT 0G 0ME $ISJTUJOF 5IF 4JNQTPOT .Z /BNF *T &BSM 4NBMMWJMMF $PME $BTF 4IBMM 8F %BODF 8JUIPVU " 5SBDF $PME $BTF 4IBMM 8F %BODF 5IF 4JNQTPOT .Z /BNF *T &BSM

(PMENBY

l5IF %BêMZ 4IPXm HPFT UP $IêOB 5âTXV] RâaTb_^]ST]Rh ^] cWT UPZT ]Tfb Û CWT 3PX[h BW^f dbdP[[h P\^d]cb c^ b^\T^]T bcP]SX]V X] Ua^]c Û P eXST^ bRaTT] ^] cWT =Tf HâZ bTc P UTf bcT_b PfPh Ua^\ W^bc 9^] BcTfPac b STbZ 1dc c^ R^X]RXST fXcW cWT >[h\_XRb cWT bW^f b A^Q AXVV[T fT]c c^ 2WX]P ATP[[h 7Xb bZTfTS caPeT[^VdT d]U^[Sb cWXb fTTZ ^] cWT 2^\TSh 2T]caP[ WXc cWPc ÛcT] _^ZTb Ud] Pc _^[XcXRXP]b P]S cWT \TSXP CWPc b fWT] cWT bW^f b _a^ SdRTab P]S AXVV[T fX[[ UX]S ^dc fWTcWTa cWTh eT RaTPcTS P]h X]cTa]PcX^]P[ X]RXST]cb 8c fPb P] ^__âcd]Xch c^ V^ êTa c^ 2WX]P P]S S^ b^\TcWX]V cWPc WPb _a^QPQ[h ]^c QTT] S^]T X] cWT _Pbc V^ c^ 2WX]P P]S S^ b^\T R^\TSh bPXS AXVV[T P Uâ \Ta DB <PaX]T fW^ bTaeTS X] 0UVWP]XbcP] P]S Xb bcX[[ ^] aTbTaeT AXVV[T fW^ [Pbc hTPa caPeT[TS c^ 8aP` Uâ >_TaPcX^] BX[T]c CWd]STa bcPacTS _[P]]X]V Qh P__[hX]V X] 9P]dPah Uâ Y^da]P[Xbcb eXbP FXcW cWT X]cTa RTbbX^] Û <CE TgTRdcXeTb X] 2WX]P cWTh V^c cWT V^ PWTPS [Tbb cWP] !# W^dab QTUâT cWTXa _[P]T fPb SdT c^ [TPeT ^] 9d[h !( CWTaT fTaT SPhb fWT] fT V^c _a^\XbX]V ]Tfb P]S SPhb fWT] fT V^c ]^c b^ T]R^da PVX]V ]Tfb bPXS 6[T]] 2[T\T]cb UXT[S _a^

[XcTaP[[h cda] P]S ad] PfPh AXVV[T bPXS 0b P aTbd[c ^][h P UâTXV] Y^da]P[Xbc P]S 2WX]TbT ]TfbRPbcTa fTaT X]cTaeXTfTS Uâ cWT bTaXTb AXVV[T P[b^ WPS cWT b^\TfWPc d]Tg _TRcTS Tg_TaXT]RT Û QTX]V aTR^V]XiTS ^] cWT bcaTTc CfXRT >]T h^d]V 0bXP] R^d_[T RP\T d_ P]S bPXS W^f \dRW cWTh T]Y^hTS fPcRWX]V WX\ ^] BcTfPac b bW^f [TPSX]V WX\ c^ f^]STa fWTaT cWTh WPS bTT] Xc 7Xb UXabc bTV\T]c ^] <^]SPh fPb P \^RZ d_ R[^bT P]S _Tab^]P[ [^^Z Pc AXVV[T P]S WXb Y^da]Th c^ cWT >[h\_XRb CWTh P[b^ _[P]]TS P c^]VdT X] RWTTZ [^^Z Pc cWT Tg^cXR P]S \hbcTaX^db _[PRTb X] 2WX]P WT]RT cWT caX_b c^ & P]S FTbcTa] bch[T bW^__X]V \P[[b CWT cTP\ fX[[ P[b^ cPZT b^\T bW^cb Pc cWT 2WX]TbT PdcWâXcPaXP] VêTa]\T]c P]S P RaXcXRP[ [^^Z Pc WXbcâh \dRW cWT bP\T fPh Pb CWT 3PX[h BW^f bPcXaXiTb cWT DB VêTa] \T]c 2[T\T]cb bPXS CWT U^da bTV\T]cb _aT_PaTS êTa cWT fTTZT]S Xb RP[[TS A^Q AXVV[T) 2WPbX]V cWT 3aPV^] 9^] P[fPhb WPb P eTah V^^S bT]bT Û fWPc b X] V^^S cPbcT P]S QPS WT bPXS P]S fT [[ cah c^ bcPh fXcWX] cWT Q^d]Sb Û fWPc fT cWX]Z Xb V^^S cPbcT FT SXS] c V^ X] cWTaT c^ \PZT Ud] Û cWT 2WX]TbT _T^_[T Pc P[[ 0GY ;QTM #2

SdRTa P]S AXVV[Tb caPeT[X]V _Pac]Ta 1dc fT STRXSTS c^ bcXRZ Xc ^dc d]cX[ cWT T]S CahX]V c^ Tg_[PX] fWPc CWT 3PX[h BW^f SXS f^d[S WPeT QTT] SXUUXRd[c CWTh TbbT]cXP[ [h ST[XeTaTS P [Xbc Û _[PRTb fWTaT cWTh _[P]]TS c^ S^ UX[\X]V CWTh fTaT PQ[T c^ UX[\ bTV\T]cb ^] cWT 6aTPc FP[[ Û 2WX]P P]S fXcWX] CXP]P]\T] B`dPaT cWT [PccTa WXbcâXR bXcT cWT U^Rdb Û STQPcTb fXcW 2WX]TbT Pd cWâXcXTb êTa PRRTbb >da \^cc^ fPb y;Tc b Ydbc V^ d]cX[ cWTh cT[[ db c^ bc^_ AXVV[T bPXS AXVV[T P]S WXb RaTf fTaT U^[[^fTS P[\^bc TeTahfWTaT Qh 2WX]TbT _^[XRT P[cW^dVW ^][h ^]RT fPb P WP]S _[PRTS êTa P RP\TaP [T]b RP_ P]S cWTh fTaT c^[S c^ V^ PfPh 8c fPb P \^\T]c cWT R^\TSh faXcTab _a^QPQ[h R^d[S ] c WPeT \PST d_) CWTh fTaT UX[\X]V cWT ^dcbXST Û P & R^]eT]XT]RT bcâT >cWTa cX\Tb fWT] _^[XRT Tg_aTbbTS R^] RTa] PQ^dc fWPc cWT RaTf fPb S^X]V 2[T\T]cb TbbT]cXP[[h WXS QTWX]S cWT [P]VdPVT QPaaXTa FWT] cWTh bc^__TS ^] cWT bcaTTc c^ S^ b^\T UX[\X]V Ra^fSb f^d[S X\\TSXPcT[h Uâ\ Pa^d]S cWT\ PccaPRcX]V \âT _^[XRT 1dc P]hcX\T 2[T\T]cb RaTf caXTS cda]X]V cWT RP\TaP Pa^d]S P]S b_TPZX]V c^ 2WX]TbT RXcX iT]b cWT Ra^fSb f^d[S bRPccTa CWTh f^d[S

8IZ %P 'PPMT 'BMM JO -PWF #MBDL 8JEPX 'PS UIF #PZT &OFNZ .JOF 8F %PO U -JWF )FSF "OZNPSF 5XP 'BNJMZ )PVTF 1MBZ *U UP UIF #POF .BTUFS BOE $PNNBOEFS 5IF 'BS 4JEF PG UIF 8PSME 1FVU ¥USF .BZCF

5IF 1JDL 6Q "SUJTU 8JUI )POPST

.PWêFNBY

%VUZ %BUJOH (JSM T #FTU 'SJFOE )VTUMF 'MPX :PV %JE 8IBU /BDIP -JCSF -VDLZ :PV )BJS )JHI *OTJEF UIF "DUPST 4UVEJP &EEJF .VSQIZ 1BSU 8F 0XO UIF /JHIU 1JSBUFT PG UIF $BSJCCFBO "U 8PSME T &OE 1SJNFWBM

.(. .PWêFT

)J .PN 5IF UI %BXO $SPTTQMPU 3PTFCVE .PCZ %JDL &EEJF 5IF $SVJTFST ** &EEJF -JWFT $PPM #MVF 4IPSU 5IF 3FUVSO 0G 4BCBUB $BOPO $JUZ $PGGZ %S (PMEGPPU BOE UIF #JLJOJ .BDIJOF 4DSFBN BOE 4DSFBN "HBJO 'SBOLJF BOE +PIOOZ

$PNFEZNBY

3PC 3JHHMF PG i5IF %BJMZ 4IPXj

$FN ,ê[êMUVā

.S %êQMP."5ÿ

D LJ[JMUVH!UPEBZT[BNBO DPN

5)& 453"/(&34

$BSQPPMFST 5IF 0GGJDF 3BJTJOH %BE ,OJHIUT PG 1SPTQFSJUZ 8JMM (SBDF &WFSZCPEZ -PWFT 3BZNPOE 3PDL "NFSJDB T 'VOOJFTU )PNF 7JEFPT 5IJSE 3PDL GSPN UIF 4VO 4UJMM 4UBOEJOH ,JOH PG UIF )JMM $BSQPPMFST 5IF 0GGJDF 3BJTJOH %BE ,OJHIUT PG 1SPTQFSJUZ 8JMM (SBDF &WFSZCPEZ -PWFT 3BZNPOE 3PDL "NFSJDB T 'VOOJFTU )PNF 7JEFPT 5IJSE 3PDL GSPN UIF 4VO 4UJMM 4UBOEJOH ,JOH PG UIF )JMM $BSQPPMFST 5IF 0GGJDF 8JMM (SBDF &WFSZCPEZ -PWFT 3BZNPOE 3PDL $BMJGPSOJDBUJPO $IBQQFMMF T 4IPX $BSQPPMFST

SBEêP HVêEF 535 5PVSêTN 3BEêP

4VEPLV '#5;

*#4&

*19 61 2.#;! CWT ^QYTRcXeT ^U cWT VP\T Xb c^ UX[[ P[[ cWT Q[P]Z b`dPaTb X] P VP\T fXcW cWT R^aaTRc ]d\QTab CWTaT PaT cWaTT eTah bX\_[T R^]bcaPX]cb c^ U^[[^f 8] P ( Qh ( b`dPaT BdS^Zd VP\T)

*#4&

ÿ45"/#6- &TFOUFQF $JOFCPOVT "TUPSJB 'SJ 4BU ,BE»L±Z 3FYY "/,"3" "UB 0O 5PXFS 'SJ 4BU ÿ;.ÿ3 $JOFCPOVT #BM¢PWB ,JQB 'SJ 4BU

5IF 3BDIBFM 3BZ 4IPX 5IF .BSUIB 4UFXBSU 4IPX 5IF &MMFO %F(FOFSFT 4IPX %FTQFSBUF )PVTFXJWFT 5IF 3BDIBFM 3BZ 4IPX 5IF .BSUIB 4UFXBSU 4IPX 5IF &MMFO %F(FOFSFT 4IPX 5IF 0 $ 5IF 3BDIBFM 3BZ 4IPX 5IF .BSUIB 4UFXBSU 4IPX 5IF &MMFO %F(FOFSFT 4IPX 5IF 0 $ %FTQFSBUF )PVTFXJWFT 5IF 4PQSBOPT -BUF /JHIU XJUI $POBO 0 #SJFO 4PVUI 1BSL 5IF 4PQSBOPT 1PLFS 3PZBMF 4PVUI 1BSL

P[ PVTb 7Ta RTPbT[Tbb fâZ X] _a^\^cX]V c^[TaP]RT P]S d] STabcP]SX]V Uâ cWT <db[X\ \X]âXcXTb X] cWT b^dcWTa]\^bc _aêX]RTb Û ?PccP]X HP[P P]S =PaPcWXfPc WPb \PST WTa Tb _TRXP[[h _^_d[Pa P\^]V cWT [^RP[ <db[X\ _^_d[PRT C^SPh Xb <T[^] 3Ph X] CdaZ\T]XbcP] P] P]]dP[ ]P cX^]P[ W^[XSPh STe^cTS c^ UTbcXeXcXTb RT[TQaPcX]V cWT R^d]cah b \dbZ\T[^] _PacXRd[Pa[h Û P aTRT]c Ra^bb QaTTS RP[[TS CdaZ\T]QPbWX \T[^] cWPc Xb _aPXbTS Uâ Xcb ST[XRX^db Pa^\P TgRT[[T]c cPbcT P]S [PaVT bXiT CWT W^[XSPh fPb TbcPQ[XbWTS X] ((# Qh CdaZ\T]XbcP] b _aT eX^db _aTbXST]c BP_Pa\daPc =XhPiê fW^ _aTUTaaTS c^ QT Z]^f] Pb CdaZ\T]QPbWX â [TPSTa Û cWT CdaZ\T]b 8c Xb \PaZTS P]]dP[[h ^] cWT bTR^]S Bd]SPh Û 0dVdbc CWT SPh b RT[TQaPcX^]b UTPcdaT P [PaVT SXb_[Ph Û cWT UadXc X] P[[ Xcb ePaXTcXTb P]S P bTaXTb Û SP]RT P]S \dbXR TeT]cb X] cWT R^d]cah b RP_XcP[ Û 0bWVPQPc >] cWXb SPh X] (## 0[T]Ì^] P c^f] X] =â\P]Sh QTRP\T cWT UXabc 5aT]RW RXch c^ QT [XQTaPcTS Ua^\ 6Ta\P] ^RRd_PcX^] Qh cWT 5aT]RW Pa\h d]STa 6T] ?WX[[X_T ;TR[TaR PUcTa \X]â Q^\Q SP\PVT 8c WPS QTT] ^RRd_XTS Qh cWT 6Ta\P] Pa\h ^] 9d]T & (# $[ -GTKO $CNE

'#5;

g%BSL 'MPPSTh

4)655&3

('$ 8c bW^d[S QT ]^cTS cWPc ]^c P[[ VP\T Pb STUX]TS Qh cWT 6P\T 0Rc Û '" WPeT cWT bP\T bcPac c^ cWTXa ^_T] bTPb^]b \^bc QTVX] ^] BT_c P]S >Rc Uâ f^^SR^RZ P]S _WTPbP]c BX]RT cWT bcPac Û cWT bTPb^] caPSXcX^]P[[h S^Tb ]^c QTVX] ^] P Bd]SPh Xc Xb b^\TcX\Tb _^bc_^]TS c^ 0dV " 8] aTRT]c hTPab cWT TeT]c WPb QTT] WXc Qh Wd]c bPQ^cTdab cWT ! U^^c P]S \^dcW RaXbXb fWXRW UdacWTa _^bc_^]TS cWT SPcT X] PUUTRcTS PaTPb P]S cWT TUUTRcb Û bWTT_ cXRZ P]S cWT Vdc _PaPbXcT CaXRW^bca^]Vh[db cT]dXb 8] CWPX[P]S c^SPh Xb <^cWTa b 3Ph P]S P[b^ cWT QXacW SPh Û @dTT] BXaXZXc :XcXhPZPaP CWT `dTT] Û CWPX[P]S Uâ \P[[h RP[[TS B^\STc ?WaP =P]V 2WP^ BXaXZXc ?WaP 1â^\\PaPRWX]X]Pc 7Ta <PYTbch @dTT] ATVT]c BXaXZXc fPb Qâ] ^] cWXb SPh X] ("! ;XZT WTa WdbQP]S BXaXZXc Xb X\\T]bT[h _^_d[Pa P]S STT_[h aTb_TRcTS X] CWPX[P]S P]S WTa QXacWSPh [XZT cWT ZX]V b Xb P ]PcX^]P[ W^[XSPh BWT Xb _PacXRd[Pa[h aTeTaTS X] cWT \âT aT\^cT P]S caPSXcX^]P[ _Pacb Û cWT R^d]cah fWTaT cWT \^]PaRWh Xb aTVPaSTS Pb bT \X SXeX]T CWT \hbcXRP[ Pb_TRc Û cWT \^]PaRWh Xb WTXVWc T]TS Qh cWT CWPX WPQXc Û dbX]V X\PVTb Û cWT ZX]V P]S `dTT] ST_XRcX]V cWT\ Pb \P]h hTPab h^d]VTa cWP] cWTXa aT

C^SPh Xb 8]cTa]PcX^]P[ H^dcW 3Ph >] 3TR & ((( cWT D= 6T]TaP[ 0bbT\Q[h T]SâbTS P aTR^\\T]SPcX^] Ua^\ cWT Fâ[S 2^]UTaT]RT Û <X]XbcTab ATb_^]bXQ[T Uâ H^dcW cWPc 0dV ! QT STR[PaTS 8]cTa]PcX^]P[ H^dcW 3Ph 8c P[b^ aTR^\\T]STS cWPc _dQ[XR X]Uâ\PcX^]P[ PRcXeXcXTb QT â VP]XiTS c^ bd__âc cWT SPh Pb P fPh c^ _a^\^cT X]RaTPbTS PfPaT]Tbb Û cWT Fâ[S ?a^VaP\ Û 0RcX^] Uâ H^dcW c^ cWT HTPa ! P]S 1Th^]S PS^_cTS Qh cWT PbbT\Q[h X] (($ CWT TeT]c Xb bX\X[Pa c^ 4PacW 3Ph â <^cWTa b P]S 5PcWTa b 3Ph 8c Xb P] ^__âcd]Xch Uâ VêTa]\T]cb P]S X]SXeXSdP[b c^ SaPf PccT]cX^] c^ h^dcW XbbdTb fâ[SfXST 0a^d]S cWT V[^QT _T^ _[T âVP]XiT R^]RTacb fâZbW^_b Rd[cdaP[ TeT]cb Ud]SaPXb Tab aP[[XTb P]S \TTcX]Vb cWPc X]e^[eT ]PcX^]P[ P]S [^RP[ Vê Ta]\T]c ÛUXRXP[b h^dcW âVP]XiPcX^]b P]S h^d]V _T^_[T C^SPh Xb P[b^ cWT 6[âX^db CfT[UcW cWT bcPac Û cWT ^_T] bTPb^] Uâ Va^dbT bW^^cX]V X] cWT D]XcTS :X]VS^\ CWXb Xb ^]T Û cWT QdbXTbc SPhb X] cWT Wd]cX]V bTPb^] fXcW [PaVT ]d\QTab Û VP\T QTX]V bW^c Pb fT[[ Pb P \PYâ Q^^bc c^ cWT adaP[ TR^]^\h FWX[T cWT SPcT XcbT[U Xb caPSXcX^]P[ cWT Rda aT]c [TVXb[PcX^] ÛUXRXPcX]V Xc Xb cWT FX[S[XUT P]S 2^d]cahbXST 0Rc Û (' P]S X] =âcWTa] 8aT[P]S cWT FX[S[XUT >aSTa

USBWFMFSTm T P T

NPWêF HVêEF

4eTah a^f Û ( ]d\QTab \dbc X]R[dST P[[ SXVXcb cWa^dVW ( X] P]h âSTa 4eTah R^[d\] Û ( ]d\QTab \dbc X]R[dST P[[ SXVXcb cWa^dVW ( X] P]h âSTa 4eTah " Qh " bdQbTRcX^] Û cWT ( Qh ( b`dPaT \dbc X]R[dST P[[ SXVXcb cWa^dVW (

"NCVMBODF 'JSF 1PMJDF .BSJUJNF 6OLOPXO OVNCFST 5VSLJTI "JSMJOFT 6 4 &NCBTTZ 6 4 $POTVMBUF 3VTTJBO &NCBTTZ 3VTTJBO $POTVMBUF #SJUJTI &NCBTTZ #SJUJTI $POTVMBUF (FSNBO &NCBTTZ (FSNBO $POTVMBUF 'SFODI &NCBTTZ 'SFODI $POTVMBUF *OEJBO &NCBTTZ 1BLJTUBOJ &NCBTTZ "VTUSJBO &NCBTTZ "VTUSJBO $POTVMBUF #FMHJBO &NCBTTZ #FMHJBO $POTVMBUF &HZQUJBO &NCBTTZ &HZQUJBO $POTVMBUF *TSBFMJ &NCBTTZ

$. : ,

*EFOUJGJDBUJPO BOE 1SPHSBNNJOH .VTJD *EFOUJGJDBUJPO BOE 1SPHSBNNJOH .VTJD /FXT &OHMJTI 'SFODI (FSNBO -JWF #SPBEDBTU &OHMJTI (FSNBO 3VTTJBO /FXT &OHMJTI 'SFODI (FSNBO (SFFL 3VTTJBO -JWF #SPBEDBTU &OHMJTI (FSNBO 3VTTJBO /FXT &OHMJTI 'SFODI (FSNBO (SFFL 3VTTJBO -JWF #SPBEDBTU &OHMJTI (FSNBO 3VTTJBO /FXT &OHMJTI 'SFODI (FSNBO (SFFL 3VTTJBO -JWF #SPBEDBTU &OHMJTI (FSNBO 3VTTJBO /FXT &OHMJTI 'SFODI (FSNBO (SFFL 3VTTJBO -JWF #SPBEDBTU &OHMJTI 'SFODI /FXT &OHMJTI 'SFODI (FSNBO (SFFL 3VTTJBO -JWF #SPBEDBTU &OHMJTI (SFFL *EFOUJGJDBUJPO

#SPBEDBTU "SFBT

"MBOZB '. "OLBSB '. "OUBMZB '. "ZWBM»L '. #PESVN '. 'FUIJZF '. ÿTUBOCVM '. ÿ[NJS '. ,BMLBO '. ,BQBEPLZB '. ,VþBEBT» '. .BSNBSJT '. 1BNVLLBMF '. 5SBC[PO '.

T17-12-08-08.qxd

11.08.2008

19:36

Page 1

2>=C8=D0C8>=

C>30HzB I0<0= &

6 7 ' 5 & #; # 7 ) 7 5 6

4UVDL JO B UJHIU TQPU "OLBSB DBMMT GPS $BVDBTVT QBDU DPOUรชOVFE GSPN QBHF 6TâVXP [Pd]RWTS P] PccPRZ [Pbc fTTZ X] P] Pc cT\_c c^ aTVPX] R^]ca^[ êTa Xcb _a^ AdbbXP] _aêX]RT Û B^dcW >bbTcXP AdbbXP] UâRTb aTb_^]S TS Qh bT]SX]V X] ca^^_b P]S R^]SdRcX]V PXa bcaXZTb fXcW Wd]SaTSb Û RXeX[XP]b QTX]V ZX[[TS B_TPZX]V c^ aT_âcTab hTbcTaSPh U^[[^fX]V cWT aT [TPbT Û cWT bcPcT\T]c Ua^\ WXb ÛUXRT 4aS^รชP] WX\bT[U P[b^ WPabW[h ST]XTS cWT aT_âcb Û d]bdRRTbbUd[[h Pc cT\_cX]V c^ X]XcXPcT SXP[^VdT fXcW ?dcX] 0 Y^da]P[Xbc X]eXcTS cWT _aX\T \X]XbcTa c^ R^\\T]c ^] aT_âcb X] AdbbXP] \TSXP bdVVTbcX]V cWPc ?dcX] aT YTRcTS WXb aT`dTbc Uâ P cT[T_W^]T R^]eTabPcX^] Pb fT[[ Pb aT_âcb P[b^ X] AdbbXP] \TSXP P[[TVX]V cWPc CdaZTh fPb bT[[X]V P]S bd__[hX]V fTP_^]b c^ 6TâVXP 8 S^] c Z]^f fWPc Xb â Xb] c bPXS X] cWT AdbbXP] _aTbb 7^fTeTa 8 SXS] c \PZT P]h aT`dTbc Uâ P aT] STie^db fXcW <a ?dcX] CWTbT aT_âcb PaT STRT_cXeT CWTh S^] c aTU[TRc cWT cadcW d]STa P]h RXaRd\bcP]RTb 8 \ bPhX]V R[TPa[h) CWTh PaT [XTb 4aS^รชP] bPXS aT \X]SX]V aT_âcTab Û 5âTXV] <X]XbcTa 0[X 1PQPRP] b cT[T_W^]T R^]eTabPcX^]b fXcW 6TâVXP] 5âTXV] <X]XbcTa 4ZP CZTbWT[PbWeX[X P]S AdbbXP] 5âTXV] <X]XbcTa BTaVTh ;Peaê Pb fT[[ Pb fXcW DB BTRaTcPah

Û BcPcT 2^]S^[TTiiP AXRT 7T P[b^ \T]cX^]TS WXb ^f] R^]eTabPcX^] fXcW 6TâVXP] ?aTbXST]c <XZWPX[ BPPZPbWeX[X fWXRW c^^Z _[PRT ^] 5aXSPh CWXb fTP_^]b bP[T cWX]V UXabc Û P[[ S^Tb ]^c aTU[TRc cWT cadcW 4aS^รชP] bPXS ]^cX]V cWPc TeTah R^d]cah X] cWT fâ[S X]R[dSX]V AdbbXP bT[[b cWT fTP_^]b Xc _a^ SdRTb c^ ^cWTa R^d]caXTb 2[TPa[h fT PaT _aêXSX]V JfTP_^]bL Uâ P [^c Û R^d]caXTb X]R[dSX]V cWT AdbbXP] 5TSTaPcX^] 8U Xc Xb cW^dVWc cWPc _aêXSX]V cWTbT JfTP_^]bL â _a^SdRX]V cWT\ Xb P RaX\T cWT] cWXb Xb P] ^cWTa \XbcPZT 4eTah R^d]cah WPb c^ STUT]S XcbT[U 8U Xc Xb ]^c PQ[T c^ _a^SdRT JfTP_^]bL XcbT[U cWT] Xc Xb X] P _^bX cX^] c^ _a^RdaT cWT\ Ua^\ cW^bT fW^ _a^SdRT cWT\ CWPc b W^f 8 P]bfTa cWXb `dTbcX^] WT Tg_[PX]TS >U R^dabT Xc Xb P bXcdPcX^] [TPSX]V c^ VaPeT R^]RTa] CWT eTah UXabc bcPcT\T]c cWPc fT \PST fPb cWPc RTPbTUXaT bW^d[S QT aTPRWTS Pc ^]RT P]S \TTcX]Vb bW^d[S R^]cX] dT cWa^dVW SX_[^\PcXR \TP]b FT R^]eThTS cWXb c^ Q^cW _PacXTb 0[b^ Pc cWXb eTah \^\T]c 8 bWPaT cWXb eXTf 8 WPeT cW^dVWcb c^ SXbRdbb fXcW <a ?dcX] 8 [[ RP[[ WX\ 0]S 8 fX[[ cP[Z PQ^dc cWTbT XbbdTb fXcW WX\ c^^ 1TRPdbT cWT aTVX^] Xb eTah bT]bXcXeT WT PSSTS 0b Û hTbcTaSPh PUcTa]^^] SX_[^\PcXR b^daRTb fTaT ]^c PQ[T c^ _aêXST X]Uâ\PcX^] aTVPaSX]V cWT R^]cT]c Û

cWT R^]eTabPcX^] QTcfTT] 1PQPRP] P]S AXRT FWT] PbZTS PQ^dc RTacPX] P]P[hbcb bdVVTbcX^] cWPc CdaZTh bW^d[S _[Ph P \TSXPcX]V a^[T X] cWXb R^]U[XRc SX_[^\PcXR b^daRTb b_TPZX]V ^] R^]SXcX^] Û P]^]h\Xch bPXS cWT R^]SXcX^]b fTaT ]^c hTc aX_T Uâ bdRW TUUâcb >][h PUcTa cWT cf^ _PacXTb PaaXeT Pc P _^X]c Pc fWXRW cWTh RP] bXc Pa^d]S cWT bP\T cPQ[T fX[[ \TSXPcX^] TUUâcb _^bbXQ[h R^\T ^] PVT]SP 1dc Pc cWT \^\T]c cWT bXcdPcX^] Xb bcX[[ eTah W^c cWT bP\T b^daRTb c^[S C^SPh b IP\P] >UUXRXP[b R[^bT c^ cWT _aX\T \X]XbcTa b ÛUXRT \TP] fWX[T bcaTbbTS cWPc CdaZTh WPb P R^]bXSTaPQ[T 2PdRPbXP] _^_d[PcX^] fWXRW \PZTb Xcb ^f] _^bXcX^] \âT SXUUXRd[c cWP] ^cWTa cWXaS _PacXTb >] cWT ^cWTa WP]S fT WPeT ]TeTa RWP]VTS ^da SXbR^dabT Û STUT]SX]V P]S bd__âcX]V cWT cTaaXcâXP[ X]cTVaXch Û bêTaTXV] bcPcTb ;XZTfXbT fT R^]cX]dT S^X]V cWXb fXcW ^da ]TXVWQâ 8aP` D]STa cWTbT RXaRd\bcP]RTb fT WPeT c^ QT eTah \TcXRd[^db P]S cWâ^dVW[h cWX]Z êTa TeTah bcPcT\T]c cWPc fT \PZT* P[[ bcPcT\T]cb ^] cWT XbbdT WPeT c^ QT eTah SX_[^\PcXRP[[h fâSTS P] ÛUXRXP[ R[^bT cWT _aX\T \X]XbcTa b ÛUXRT fW^ ST R[X]TS c^ QT ]P\TS c^[S C^SPh b IP\P]

"MMJBODF GPS UIF $BVDBTVT 4aS^รชP] bPXS CdaZTh fPb aTPSh c^ cPZT P a^[T c^ bd_ _âc RaTPcX^] Û cWT _a^_^bTS 2PdRPbdb _PRc 7Xb aT \PaZb ^] cWT XbbdT RP\T fWT] PbZTS Qh P Y^da]P[Xbc fWTcWTa cWT PRcdP[ \^cXeT QTWX]S cWT R^]U[XRc X] cWT 2PdRPbdb fPb P] X]cTaad_cX^] X] cWT U[^f Û ^X[ cWa^dVW cWT 1PZd CQX[XbX 2ThWP] 1C2 ^X[ _X_T[X]T fWXRW RPaaXTb 2Pb_XP] RadST c^ cWT FTbc >U R^dabT 8 S^ ]^c fP]c c^ cWX]Z cWT fPh h^d bdV VTbcTS 8 S^ ]^c fP]c c^ 1dc fT RP] VTc X]e^[eTS X] P] TUUâc bdRW Pb P 2PdRPbXP] P[[XP]RT â 2PdRPbdb P[ [XP]RT bX\X[Pa c^ fWPc fT WPeT X] cWT 1P[ZP]b 0b CdaZTh fT \Ph cPZT P a^[T WTaT 8] âSTa c^ RaTPcT cWXb fXcW aT[PcTS R^d]caXTb P]S c^ STeT[^_ cWXb XSTP UXabc Û P[[ fXcW cWT D= c^SPh 8 fX[[ RP[[ D= BTRaTcPah 6T]TaP[ 1P] :X <^^] c^ SXbRdbb cWXb \PccTa 8U fT cPZT P bcT_ c^fPaS P 2PdRPbdb P[[XP]RT c^VTcWTa fXcW cWT D]XcTS BcPcTb P]S cWT 4da^_TP] D]X^] \T\QTa ]PcX^]b 8 QT[XTeT cWPc fT RP] RaTPcT cWT Va^d]Sb Uâ _TPRT X] cWT 2PdRPbdb FWT] PbZTS PQ^dc AdbbXP b _a^QPQ[T aTPR cX^] c^ bdRW P] XSTP VXeT] cWT UPRc cWPc Xc WPb R^]bXSTaPQ[T R[^dc X] cWT 2PdRPbdb 4aS^รชP] bPXS CWT AdbbXP] 5TSTaPcX^] bW^d[S RTacPX][h _PacXRX_PcT X] P 2PdRPbdb P[[XP]RT

5FSSPS SFBST JUT VHMZ IFBE BHBJO 1DA70= C>AD=;0A 2รง70=

DPOUรชOVFE GSPN QBHF 0b cWT \P] fPb cahX]V c^ _[PRT cWT QPV ]TPa cWT fP[[ Û cWT _^[XRT bcPcX^] Pc Pa^d]S !)" P \ P _^[XRT ÛUXRTa ^] Sdch VPeT WX\ P] âSTa c^ WP[c CWT \P] UPX[TS c^ R^\_[h b^ fPb bW^c STPS

=^ Va^d_ WPb hTc R[PX\TS aTb_^]bXQX[Xch Uâ cWT Q[Pbc Qdc Tg_Tacb bPXS Xc Xb ]^c d]dbdP[ Uâ cWT ?:: c^ dbT 843b X] Xcb PRcb Û cTaaâ PVPX]bc CdaZTh =XWPc 0[X ยปiRP] Û cWT 4R^]^\XR ?^[XRh ATbTPaRW 8]bcXcdcT C4?0E X] 0]ZPaP bPXS cWT ?:: fWXRW WPb aTRT]c[h QTT] bTeTaT[h SP\PVTS Qh CdaZTh b UXVWc PVPX]bc cTaaâXb\ WPb QTT] dbX]V [^f R^bc Qdc TUUTRcXeT \TcW^Sb c^ X]U[XRc SP\PVT CWT ?:: WPb QTT] X]RaTPbX]V[h dbX]V Tg_[^ bXeTb bX]RT ! # <PcTaXP[b PaT RWTP_ P]S cWTh RP] QT TPbX[h U^d]S CWTh WPeT P[b^ [TPa]TS c^ X]U[XRc SP\PVT Qh dbX]V bdRW Tg_[^bXeTb Ua^\ cWTXa R^d] cTa_Pacb X] 8aP` P]S 0UVWP]XbcP] ยปiRP] bPXS X] P _W^]T X]cTaeXTf fXcW C^SPh b IP\P] CWT ?:: aTVPaSTS Pb P cTaaâXbc âVP]XiP cX^] Qh CdaZTh cWT DB P]S 4D c^^Z d_ Pa\b PVPX]bc CdaZTh X] ('# fXcW cWT PX\ Û TbcPQ [XbWX]V P :daSXbW W^\T[P]S X] cWT b^dcWTPbc Û cWT R^d]cah B^\T # _T^_[T WPeT QTT] ZX[[TS X] cWT R^]U[XRc รงWbP] 1P[ P \T\QTa Û cWT 8]cTa]PcX^]P[ BcaPcTVXR ATbTPaRW 1^PaS DB0: P] 0]ZPaP QPbTS cWX]Z cP]Z b_TRXP[XiX]V X] cWT bcdSh Û cTaaâXb\ bPXS cWT ?:: WPb QTT] cahX]V c^ bT]S P \TbbPVT cWPc Xcb _aTbT]RT fX[[ bcX[[ QT UT[c STb_XcT Xcb [^bbTb [Pbc fX]cTa CWT cTaaâ âVP]XiPcX^] TgTRdcTb bdRW WXc P]S ad] bcaXZTb fWT] Xc Xb [^bX]V Xcb X]U[dT]RT QTRPdbT cWTbT ch_Tb Û cTaaâ PRcb PaT [Tbb R^bc[h Qdc RP] bcX[[ RPdbT \dRW SP\PVT FWT] Xc Xb PQ[T c^ cPZT P] X]XcXPcXeT Xc _[P]b aPXSb ^] \X[XcPah P]S bTRdaXch _^bcb 1P[ c^[S C^SPh b IP\P] 0RRâSX]V c^ 1P[ CdaZTh b P[[XP]RTb fXcW cWT FTbc PVPX]bc cWT cTaaâXb\ Û cWT ?:: WPeT fTPZT]TS cWT bT_PaPcXbc âVP]XiPcX^] BX]RT <PaRW Û cWXb hTPa cWT DB WPb QTT] PRcXeT[h bd__âcX]V CdaZTh b UXVWc PVPX]bc cTaaâXb\ P]S bWPaX]V X]cT[[XVT]RT fXcW CdaZTh 8] cWT ThTb Û cWT 4da^_TP]b c^SPh cWT ?:: Xb P] âVP]XiPcX^] X]e^[eTS X] TeTah ch_T Û X[[TVP[ PRc Ua^\ SadV c^ Wd\P] caPUUXRZX]V 1P[ bPXS CWT ?:: WPb QTT] SXbcdaQTS UdacWTa Qh

?7>C>

&YQFSUT QPOEFS MJOLT XJUI 1,,

CdaZTh b aPcX^]P[ _^[XRXTb 1P[ PSSTS CdaZTh WPb VPX]TS QPRZX]V PVPX]bc cWT ?:: ]^c ^][h Ua^\ cWT FTbc Qdc P[b^ Ua^\ 8aP` P]S cWT ]âcWTa] 8aP`X PS\X]XbcaPcX^] CWT ?:: WPb QTT] Q^cWTaTS Pb CdaZTh \PX]cPX]b Xcb aPcX^]P[ _^[XRXTb P]S S^Tb ]^c _P] XR êTa cWT cTaaâXbc PccPRZb CWT ?:: STbXaTb d_ a^Pa Qdc CdaZTh ZTT_b `dXTc CWTaTUâT cWT ?:: _[P]b cTaaâXbc PRcb fWT]TeTa Xc RP] 1P[ bPXS >]T bdRW PRc Û cTaaâXb\ ^RRdaaTS X] รงbcP] Qd[ ^] 9d[h !& Cf^ Q^\Qb Tg_[^STS fXcWX] \X]dcTb Û TPRW ^cWTa ^] P Bd]SPh TeT]X]V X] P Ra^fSTS _TSTbcaXP] PaTP X] cWT 6รก]Vร aT] ]TXVWQâW^^S ZX[[X]V & _T^_[T P]S f^d]SX]V \âT cWP] $ X] cWT STPS[XTbc cTaaâ PccPRZ bTT] X] CdaZTh X] êTa UXeT hTPab =^ ^]T R[PX\TS aTb_^]bXQX[Xch Qdc cWT ?:: WPb QTT] cWT U^Rdb Û X]XcXP[ bdb_XRX^]b QTRPdbT cWT cfX] Q^\QX]Vb RP\T Ydbc W^dab PUcTa CdaZXbW UXVWcTa YTcb bcadRZ bdb_TRcTS ?:: cPaVTcb PRa^bb cWT QâSTa X] ]âcWTa] 8aP` CWT ?:: TeT]cdP[[h ST]XTS P]h X]e^[eT\T]c X] cWT PccPRZ

CWT 6รก]Vร aT] PccPRZ ^] RXeX[XP]b RP\T Pc P cX\T fWT] cWT cT]bX^] X] CdaZTh fPb P[aTPSh WXVW 8c ^RRdaaTS Ydbc W^dab QTUâT cWT 2^]bcXcdcX^]P[ 2^dac QTVP] ST[XQTaPcX^]b êTa fWTcWTa c^ QP] cWT ad[X]V 9dbcXRT P]S 3TeT[^_\T]c ?Pach 0: ?Pach P]S P R^d_[T Û SPhb PUcTa P R^dac PRRT_c TS P WXVW[h STQPcTS X]SXRc\T]c PVPX]bc '% P[ [TVTS \T\QTab X]R[dSX]V Uâ\Ta \X[XcPah ÛUX RTab Û 4aVT]TZ^] P RaX\X]P[ ]TcfâZ PRRdbTS Û _[P]]X]V c^ êTacWa^f cWT VêTa]\T]c 0RRâSX]V c^ 1P[ cWT cTaaâ âVP]XiPcX^] dbTS 4aVT]TZ^] X]SXaTRc[h 8c dbTS 4aVT]TZ^] Pb P fPh c^ \PZT cWT fPcTab \daZh CWT ?:: fP]cTS c^ X\_[h cWPc cWT Q^\QX]V \XVWc fT[[ WPeT QTT] cWT Y^Q Û cWT STT_ bcPcT TeT] cW^dVW cWPc \XVWc ]^c QT cWT RPbT B^ cWT ?:: ZX[[TS cf^ QXaSb fXcW ^]T bc^]T WT bPXS BTRdaXch P]S cTaaâXb\ Tg_Tac 3T]Xi ร [ZT 0a Q^รชP] bPXS cWT ?:: WPb QTT] dbX]V cWT WXc P]S ad] cPRcXR Uâ b^\T cX\T ]^f BWT T\_WPbXiTS cWPc bTRdaXch ÛUXRXP[b WPeT ]^c hTc aTPRWTS P R^]R[dbX^] b^ Tg_Tacb RP]

'PVS NPSF XPSLFST EJF BU ย TUBOCVMhT BDDJEFOU QSPOF 5V[MB TIJQZBSET 5^da fâZTab Sa^f]TS P]S ! fTaT X]YdaTS fWT] cWT WPfbTa Û P bWX_ Qa^ZT ÛU ^] <^]SPh Pc ^]T Û cWT bWX_hPaSb X] รงbcP]Qd[ b Cdi[P SXbcaXRc ]^câX^db Uâ fâZ aT [PcTS PRRXST]cb P]S STPcWb êTa cWT _Pbc UTf hTPab CWT X]RXST]c c^^Z _[PRT Pc cWT 6XbP] bWX_hPaS fWX[T fâZTab fTaT cTbcX]V cWT [XUTQ^Pc Û P ]Tf[h QdX[c bWX_ CWT fâZTab V^c X] cWT [XUTQ^Pc c^ cTbc Xc X]bcTPS Û dbX]V bP]SQPVb CWT WPfbTa R^]]TRcX]V cWT Q^Pc c^ cWT bWX_ Qa^ZT ÛU P]S cWT [XUTQ^Pc UT[[ P[^]V fXcW cWT fâZTab X] Xc CWT Q^SXTb Û 4\aPW EPa^รชd[ AP\PiP] 4aVรก] P]S AP\PiP] ยฌTcX]ZPhP fTaT aTRêTaTS Ua^\ cWT fPcTa CWT U^dacW Q^Sh WPb ]^c hTc QTT] U^d]S FâZTab X]YdaTS X] cWT X]RXST]c fTaT cPZT] c^ cWT Cdi[P BcPcT P]S :PacP[ 3a ;รกcUX : aSPa CaPX]X]V P]S ATbTPaRW W^b_XcP[b P]S PaT aT _âcTS[h X] bcPQ[T R^]SXcX^] 2T\ 3X]RTa cWT RWPXa\P] Û bWX_fâZTab d]X^] ;X\cTa รงรซ bPXS ! ^cWTa fâZTab fTaT

X]YdaTS ^] <^]SPh fWT] P [XUTQ^Pc Qa^ZT [^^bT Ua^\ P bWX_ d]STa aT_PXa P]S _[d]VTS X]c^ cWT bTP CWXb PRRXST]c c^^Z _[PRT ^][h ^]T fTTZ PUcTa P _Pa[XP \T]cPah R^\\XbbX^] X]eTbcXVPcX]V X]SdbcaXP[ PRRXST]cb Pc cWT Cdi[P bWX_hPaSb _aTbT]cTS P aT_âc ^] cWT X]RXST]cb P]S fâZX]V R^]SXcX^]b c^ ?Pa[XP\T]c CWT &$ _PVT aT _âc X]SXRPcTS cWPc \^bc bWX_hPaSb SXbaTVPaS bPUTch aTVd[P cX^]b P]S UâRT cWTXa T\_[^hTTb c^ fâZ X] d]bPUT R^]SX cX^]b BWX_hPaSb cWPc S^ ]^c _aêXST bPUT fâZX]V R^]SX cX^]b c^ cWTXa fâZTab bW^d[S QT bWdc S^f] P]S ]^c P[ [^fTS c^ aT^_T] d]cX[ cWTh cPZT cWT ]TRTbbPah \TPbdaTb ATVPaS[Tbb Û cWT ]d\QTa Û fâZTab bWX_hPaSb bW^d[S QT ^Q[XVTS c^ T\_[^h bcPUU P]S cPZT aTb_^]bXQX[Xch Uâ fâZ Tab WTP[cW P]S bPUT fâZX]V R^]SXcX^]b cWT aT_âc ]^c TS <âT cWP] cf^ SîT] fâZTab WPeT SXTS cWXb hTPa Pc cWT Cdi[P bWX_hPaSb ร UVCPDWN 6QFC[ U <COCP YKVJ YKTGU

R^\\T]c ^] cWT b_TRXUXR X]RXST]cb Û hTbcTaSPh 1dc bWT bPXS X] VT]TaP[ cWT ?:: RW^^bTb \X[X cPah cPaVTcb X] âSTa c^ VPa]Ta X]cTa]PcX^]P[ bd_ _âc Uâ Xcb bT_PaPcXbc RPdbT P]S ST]XTb X]e^[eT \T]c X] PccPRZb X] fWXRW RXeX[XP]b PaT WXc 7^fTeTa fW^ Xb cWT ?:: ]^f P]S fWPc Xb Xc. 8c WPb bcPacTS [^bX]V Xcb ^f] WXTaPaRWh FT RP] Tg_TRc Pch_XRP[ PccPRZb Ua^\ Xc bWT c^[S C^SPh b IP\P] CWX]Z PQ^dc cWT PccPRZ X] cWT ]âcWTa] 8aP`X RXch Û :XaZdZ JfWXRW ZX[[TS !" _T^_[T ^] 9d[h !'L P]S cWT Q^\QX]Vb X] รงbcP]Qd[ cWT ]XVWc QTUâT CWTh fTaT ]^c PQ[T c^ X]RXcT P CdaZXbW :daSXbW R^] U[XRc X] CdaZTh Qdc cWTh SXS Xc X] :XaZdZ bWT bPXS ?aÛTbbâ 0a Q^รชP] P[b^ _aTbXST]c Û 1PWร TรซTWXa D]XeTabXch bPXS CdaZTh R^d[S bTT P] X]RaTPbT X] TcW]XR R^]U[XRcb bX]RT cWT cTaaâ Xbcb f^d[S [XZT c^ dbT cWT TgP\_[T Û TcW]XR bcaXUT X] cWT 2PdRPbdb CWT R^]U[XRc X] cWT 2PdRPbdb fX[[ _^bbXQ[h [TPS c^ \âT TcW]XR d_aXbX]Vb X] cWT aTVX^] P]S cWT cTaaâXbc Va^d_b X] CdaZTh f^d[S [XZT c^ cPZT PSeP]cPVT Û cWXb STeT[^_\T]c bWT bPXS aTUTa aX]V c^ 5aXSPh ]XVWc b 6TâVXP] ÛUT]bXeT c^ aTVPX] R^]ca^[ êTa B^dcW >bbTcXP fXcW WTPeh bWT[[X]V P]S PXa bcaXZTb cWPc aPePVTS cWT RXch Û CbZWX]eP[X CWT AdbbXP] aTb_^]bT fPb bfXUc Pb cW^d bP]Sb Û ca^^_b bWT[[TS cWT 6TâVXP]b d]cX[ cWTh U[TS CbZWX]eP[X ^] Bd]SPh CWT AdbbXP]b P[b^ [Pd]RWTS PXa PccPRZb PRa^bb 6TâVXP b^\T ^] UP RX[XcXTb UPa Ua^\ cWT bXcT Û cWT UXVWcX]V FT PaT X] P _TaX^S X] fWXRW \X[XcPah _^f Tab PaT bcPacX]V c^ cPZT _aTRTST]RT AdbbXP P]S cWT DB PaT cPZX]V cWTXa _^bXcX^]b X] cWXb _TaX^S CWTh fP]c c^ Pe^XS 2WX]P P]S 4da^_T fWXRW PaT bTT] Pb cWT TR^]^\XR _^fTab Û _TPRTUd[ cX\Tb B^ CdaZTh \XVWc VTc RPdVWc X] cWT bRT]T Û cWPc UXVWc Uâ _^fTa bWT Tg_[PX]TS 0bXST Ua^\ cWT UXVWc Uâ _^fTa cWXb fPa Û TcW]XR R^]U[XRc WPb cWT _^cT]cXP[ c^ b_aTPS cWa^dVW^dc cWT 2PdRPbdb c^ 4PbcTa] 4da^_T P]S TeT] c^ CdaZTh bWT bPXS PSSX]V cWPc cWT ?:: fX[[ _^bbXQ[h dbT cWXb c^ cWTXa PSeP]cPVT BWT PSeXbTS cWPc CdaZXbW _^[XRh \PZTab bW^d[S _[P] cWTXa _^[XRh bcT_b RPaTUd[[h P]S cWX]Z V[^QP[[h fWT] aTPRcX]V c^ PRcb Û cTaaâXb\ â T[bT CdaZTh R^d[S QT SaPf] X]c^ P `dPV\XaT 1TRPdbT QTWX]S TeTah PRc Û cTaaâXb\ cWT V^P[ Xb ]^c c^ ZX[[ _T^_[T Qdc c^ aTPRW b^\T fT[[ RP[Rd[PcTS _^[XcXRP[ PX\b bWT bPXS

2VBDL CSBJO TVSHFPO BDDJEFOUBMMZ DBVHIU JO GBMTF EJBHOPTJT 0 f^\P] _^bX]V Pb P QaPX] bdaVT^] fPb Tg_^bTS Pc P bcPcT W^b_XcP[ X] รงi\Xa fWT] bWT TgP\X]TS P] G aPh UX[\ WT[S d_bXST S^f] P]S \PST R^]caPSXRc^ ah aT\PaZb PQ^dc cWT UX[\ CWT UPZT bdaVT^] XST]cXUXTS Pb 1 8 Pa^dbTS bdb_XRX^] P\^]V WTa R^[[TPVdTb Pc :Paรซ hPZP BcPcT 7^b_XcP[ X] รงi\Xa fWT] bWT WT[S P _PcXT]c b G aPh UX[\ d_bXST S^f] P]S \PST X]RâaTRc PbbTbb\T]cb PQ^dc Xc 1 8 PS \XccTS c^ cWT W^b_XcP[ bcPUU cWPc bWT fPb ]^c P QaPX] bdaVT^]* cWTh bdQbT`dT]c[h RP[[TS cWT _^[XRT P]S cWT f^\P] fPb PaaTbcTS 3^Rcâb Pc cWT W^b_XcP[ bPXS 1 8 X]ca^ SdRTS WTabT[U Pb P b_TRXP[Xbc Pc cWT QaPX] bdaVTah ST_Pac\T]c Û 4VT D]XeTabXch b

CM Y K

5PRd[ch Û <TSXRX]T BWT c^[S db bWT fPb bT]c c^ ^da W^b_XcP[ Uâ P Y^Q a^cPcX^] Ua^\ 4VT D]XeTabXch 4eTahcWX]V fPb ]â\P[ Pc UXabc Qdc fT VaTf bdb_XRX^db Pb cWT SPhb _PbbTS FWT] bWT WT[S P] G aPh UX[\ d_ bXST S^f] P]S \PST R^]caPSXRcâh Tg_[P ]PcX^]b Û cWT UX[\ fT d]STabc^^S cWPc bWT fPb ]^c P aTP[ S^Rcâ cWTh bPXS ?^[XRT ^] cWT ^cWTa WP]S bPXS 1 8 R^]caPRcTS _^[X^\hT[XcXb fWT] bWT fPb P RWX[S P]S WPS c^ `dXc bRW^^[ BWT bPXS bWT P[fPhb fP]cTS c^ QTR^\T P S^Rcâ P]S STRXSTS c^ PRc Pb P QaPX] bdaVT^] Pc cWT W^b_XcP[ Uâ cWXb aTPb^] cWTh ]^cTS 1 8 Xb Tg_TRcTS c^ P__TPa X] R^dac X] cWT R^\X]V SPhb ร UVCPDWN 6QFC[ U <COCP YKVJ YKTGU

)JTUPSZ SFQFBUT XBS JO $BVDBTVT DPOUรชOVFE GSPN QBHF $ 3XeXbX^] QTcfTT] cWT DB P]S Xcb 4da^_TP] P[[XTb) 6TâVXP Xb T\TaVX]V Pb P ZTh T]TaVh caP]bXc a^dcT fWTaT AdbbXP P]S cWT FTbc PaT ehX]V Uâ X]U[dT]RT 7^fTeTa cWT DB P]S b^\T Û Xcb 4da^_TP] P[[XTb bdRW 6Ta\P]h WPeT SXUUTaT]c eXTfb ^] 6TâVXP P]S AdbbXP 5â cWT DB 6TâVXP Xb P eTah X\_âcP]c P[[h X] cWT 2PdRPbdb 7^fTeTa 6Ta\P]h RP] ]^c bPRaXUXRT Xcb V^^S aT[PcX^]b fXcW AdbbXP X] âSTa c^ bPeT 6TâVXP CWT AdbbXP] [TPSTabWX_ Z]^fb Xc =0C> cWT 4D P]S cWT DB WPeT P[[ daVTS P WP[c c^ cWT Q[^^SbWTS* cWTh RP] ^][h cPZT SX_[^\PcXR PRcX^]b c^ bc^_ cWT fPa CWT 4D WPb P[aTPSh bT]c cWT 5aT]RW UâTXV] \X] XbcTa P]S P] 4D ÛUXRXP[ Pb \TSXPcâb % <XZWPX[ BPPZPbWeX[X b P\QXcX^]b) BPPZPbWeX[X fW^ fP]cb c^ \PZT WXb b\P[[ 2PdRPbdb ]PcX^] P \T\QTa Û =0C> WPb \PST Xc P _aXâXch c^ fX] QPRZ R^]ca^[ Û B^dcW >bbTcXP P]S 0QZWPiXP P]^cWTa aTQT[ aTVX^] ^] cWT 1[PRZ BTP 0c bcPZT PaT AdbbXP b P[aTPSh bcaPX]TS aT[PcX^]b fXcW cWT DB Pb fT[[ Pb BPPZPbWeX[X b W^_Tb Û [TPSX]V WXb R^d]cah X]c^ cWT =0C> P[[XP]RT fXcWX] cWT ]Tgc hTPa BPPZPbWeX[X b PS\X]XbcaPcX^] bT]c P ! ca^^_ R^]cX]VT]c X]c^ 8aP` cWT cWXaS [PaVTbc UâTXV] UâRT ^] 8aP`X b^X[ PUcTa 0\TaXRP] P]S 1aXcXbW UâRTb CWTaT PaT b\P[[ 6TâVXP] UâRTb X] :^bê^ Pb fT[[ CWXb X]SXRPcTb cWT bcaT]VcW Û BPPZPbWeX[X b bcPd]RW P[[XP]RT fXcW cWT DB 8] R^]R[dbX^] cWTaT PaT cWaTT [TeT[b cWPc fX[[ WT[_ db c^ d]STabcP]S P]S Tg_[PX] cWT RdaaT]c fPa 8]SXeXSdP[ [TeT[) CWT \PX] PRcâb X] cWT R^]U[XRc PaT BPPZPbWeX[X 1dbW P]S ?dcX] 0b P [TPSTa Û P b\P[[ R^d]cah BPPZPbWeX[X WPb cWT P\QXcX^] P]S STbXaT c^ aTPRW WXb V^P[ fXcWX] P bWâc cX\T _TaX^S ?dcX] P[b^ STbXaTb c^ aT eXcP[XiT AdbbXP b VaTPc _^fTa bcPcdb 7T P[ aTPSh aTP[XiTb cWPc cWT ^][h fPh c^ PRR^\ _[XbW cWXb V^P[ Xb c^ bTRdaT WXb ^f] QPRZhPaS P]S dcX[XiT AdbbXP] T]TaVh aTb^daRTb X] âSTa c^ \PZT cWT X]cTa]PcX^]P[ R^\\d]Xch PRRT_c AdbbXP b b_WTaT Û X]U[dT]RT X] cWT 2PdRPbdb P]S X] DZaPX]T CWT 1dbW PS\X]XbcaPcX^] aTR^V]XiTb cWPc cWT ^][h fPh c^ R^]cX]dT Xcb V[^QP[ _^fTa bcPcdb Xb c^ _aêXST T]TaVh bT RdaXch Uâ cWT DB P]S Xcb R[^bT P[[XTb BcPcT [TeT[) CWT \PX] bcPcT PRcâb PaT 6TâVXP AdbbXP P]S cWT DB 5â 6TâVXP Xcb bêTaTXV]ch P]S bdaeXeP[ ST_T]S ^] R^]ca^[[X]V Xcb ^f] cTaaXcâh 0b P ]Tf bcPcT cWPc ^][h QT RP\T X]ST_T]ST]c & hTPab PV^ bdaeXeP[ Xb cWT \^bc X\_âcP]c V^P[ 6TâVXP Xb UXVWcX]V Uâ cf^ Û cWT \^bc X\_âcP]c X]cTa]PcX^]P[ ]â\b Uâ P bcPcT) bêTaTXV]ch P]S cTaaXcâXP[ X]cTVaXch 8U 6TâVXP S^Tb] c R^]ca^[ Xcb ^f] cTaaXcâh Xc RP] QTR^\T P eXRcX\ Û P bca^]VTa bcPcT AdbbXP [^bc ]^c ^][h Xcb T\_XaT Qdc P[b^ Xcb X]cTa]PcX^] P[ bcPcdb ' hTPab PV^ 3daX]V cWT [Pbc TXVWc hTPab d]STa ?dcX] b [TPSTabWX_ AdbbXP c^^Z WdVT bcT_b c^ aTcda] c^ Xcb bcPcdb Pb ^]T Û cWT \PYâ _^fTab X] X]cTa]PcX^]P[ _^[XcXRb C^ aTPRW Xcb V^P[ AdbbXP \dbc RaTPcT P b_WTaT Û X]U[d T]RT X] Xcb ]TPa PQa^PS CWT DB Pb cWT V[^QP[ _^fTa WPb bdUUTaTS WdVT Q[^fb X] cWT [Pbc bTe TaP[ hTPab FXcW Xcb _a^Q[T\b X] 8aP` P]S 0UVWP]XbcP] Xcb [^bb Û bÛc _^fTa X] cWT ThTb Û cWT X]cTa]PcX^]P[ R^\\d]Xch P]S fXcW cWT aXbT Û 2WX]P AdbbXP P]S 8]SXP cWT DB PS\X] XbcaPcX^] WPb QTT] _dbWTS c^ bTRdaT Xcb X]U[d T]RT X] SXUUTaT]c _Pacb Û cWT fâ[S 0b P bcPd]RW 0\TaXRP] P[[h 6TâVXP Xb _aêXSX]V P] X\_âcP]c TgP\_[T P]S Yd\_X]V ÛU _^X]c Uâ cWT DB X] cWT 2PdRPbdb 5â cWPc aTPb^] cWT bdaeXeP[ Û BPPZPbWeX[X b aTVX\T Xb X\_âcP]c Uâ cWT DB b _^bXcX^] X] cWT aTVX^] 8]cTa]PcX^]P[ bhbcT\) 8]cTa]PcX^]P[ aT[P cX^]b bRW^[Pab S^ ]^c PVaTT ^] fWPc ZX]S Û X] cTa]PcX^]P[ bhbcT\ fT WPeT aXVWc ]^f fWTcWTa Xc b P d]X_^[Pa â \d[cX_^[Pa bhbcT\ 0b cWT V[^QP[ _^fTa cWT DB _aTUTab c^ WPeT P d]X_^[Pa X]cTa]PcX^]P[ bhbcT\ AdbbXP _aTUTab P \d[cX_^ [Pa bhbcT\ b^ cWPc AdbbXP RP] QT R^]bXSTaTS ^]T Û cWT \PYâ _[PhTab X] cWT bhbcT\ CWT DB WPb dcX[XiTS =0C> Pb P bTRdaXch P[[XP]RT c^ Tg cT]S Xcb X]U[dT]RT QTh^]S cWT 4da^ 0c[P]cXR aT VX^] =0C> WPb bdRRTbbUd[[h TgcT]STS Xcb \T\QTabWX_ c^ 4Pbc 4da^_TP] P]S 1P[cXR bcPcTb CWT RdaaT]c DZaPX]XP] P]S 6TâVXP] VêTa]\T]cb WPeT Tg_aTbbTS cWTXa STbXaT c^ Y^X] =0C> CWPc VXeTb P] ^__âcd]Xch c^ cWT DB c^ TgcT]S Xcb X]U[dT]RT >U R^dabT AdbbXP PSP\P]c[h ^__^bTS cWT UdacWTa T][PaVT\T]c Û =0C> AdbbXP R^]bXSTab DZaPX]T P]S 6TâVXP Pb _Pac Û Xcb ^f] bTRdaXch _PaP\TcTab P]S =0 C> c^ QT P c^^[ Uâ cWT 0\TaXRP] X]U[dT]RT CWTaTUâT cWT 6TâVXP] AdbbXP] fPa êTa B^dcW >bbTcXP Xb ]^c ^][h P R^]Ua^]cP cX^] QTcfTT] 6TâVXP P]S AdbbXP Qdc P[b^ P [Xc\db cTbc Û AdbbXP] 0\TaXRP] R^\_TcX cX^] X] cWPc _PacXRd[Pa aTVX^] P]S X] VT]TaP[ X] cWT T]cXaT X]cTa]PcX^]P[ R^\\d]Xch HPรฉPa BPa Xb P bT]Xâ [TRcdaTa Pc 8]cTa]PcX^]P[ 0cPcdaZ 0[Pc^^ D]XeTabXch X] 1XbWZTZ :haVhibcP] P]S P] PUUX[XPcT fXcW cWT 2T]cTa Û AdbbXP] P]S 4Pbc 4da^_TP] BcdSXTb Pc cWT D]XeTabXch Û EXaVX]XP 2WPa[^ccTbeX[[T EXaVX]XP

T18-12-08-08.qxd

11.08.2008

19:29

Page 1

' C>30HzB I0<0=

6 7 ' 5 & #; # 7 ) 7 5 6

C>30HzB ;40A=8=6 C8<4 2605& 0' 5)& %":

FMFNFOUBSZ

l*G (PE EJE OPU FYJTU JU XPVME CF OFDFTTBSZ GPS VT UP JOWFOU )JN m 8QNVCKTG

>B<0= CDA70=

3&"%*/(

" CBE IBCJU

8;;DBCA0C8>=B

FT PaT cWT E^[Z UP\X[h >da T[STbc SPdVWcTa 6TâVX]P WPb bcPacTS BXgcW 5â\ 2^[[TVT cWXb Pdcd\] P]S fT cWX]Z cWPc bWT bW^d[S [TPa] c^ [^^Z PUcTa WTa ^f] \^]Th b^ fT VXeT WTa P] P[ [^fP]RT fWXRW Xb _PXS X]c^ P QP]Z PRR^d]c ^] cWT UXabc SPh Û TPRW \^]cW FXcW cWXb bWT RP] Qdh R[^cWTb P]S _Ph Uâ WTa U^^S P]S caPeT[ 8 P\ fâaXTS cWPc bWT \XVWc bcPac b_T]SX]V Xc ^] RXVPaTccTb Qdc 8 RP]zc bc^_ WTa XU bWT fP]cb c^ S^ 3Tb_XcT P[[ cWT P]cX b\^ZX]V RP\_PXV]b bWT cT[[b db cWPc \^bc bcdST]cb b\^ZT Cf^ Û WTa QTbc UaXT]Sb PaT RWPX] b\^ZTab ^dcbXST R^[ [TVT 0[cW^dVW 6TâVX]P S^Tb ]^c b\^ZT fWT] bWT Xb Pc W^\T â Pc fTTZT]Sb P]S cT[[b db cWPc bWT ]TeTa Qdhb RXVPaTccTb bWT S^Tb b\^ZT fWT] bWT Xb VXeT] cWT\ Qh WTa UaXT]Sb FT RP]]^c UâQXS WTa c^ b\^ZT Qdc fT S^]zc fP]c WTa c^ [XT c^ db 8 Z]^f cWPc Xc Xb ^] [h P b\P[[ Yd\_ Ua^\ ^]T RXVPaTccT c^ QdhX]V P _PRZTc Û ! 1h VXeX]V WTa \^]Th TeTah \^]cW fT PaT \PZX]V cWXb _^bbXQ[T Uâ WTa 8 W^_T cWPc TXcWTa bWT UX]Sb P Q^hUaXT]S fW^ WPcTb cWT b\T[[ Û c^QPRR^ â bWT fX[[ fP]c c^ b_T]S WTa \^]Th ^] ]Tf R[^cWTb 8 aTP[[h S^]zc Z]^f W^f ^cWTa _PaT]cb STP[ fXcW cWXb _a^Q[T\

2#46 #PUYGT VJG HQNNQYKPI SWGUVKQPU

2#46 6TWG 6 QH (CNUG (

FWh S^Tb 6TâVX]P WPeT P QP]Z PRR^d]c. NNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNN ! 7^f R^d[S P Q^hUaXT]S WT[_ WTa. NNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNN " FWh RP]zc WTa _PaT]cb UâQXS WTa c^ b\^ZT. NNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNN # FWPc PaT cWT b\^ZX]V WPQXcb Û 6TâVX]P P]S WTa UaXT]Sb. NNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNN $ 3^Tb 6TâVX]P b\^ZT Pc W^\T. NNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNN

6TâVX]Pzb \^cWTa fP]cb WTa c^ QT X]ST_T]ST]c NN ! 7Ta \^cWTa cWX]Zb cWPc Xczb 6TâVX]Pzb WTP[cW b^ bWT RP] S^ fWPcTeTa bWT fP]cb NNN " CWT \^cWTa Xb fâaXTS PQ^dc 6TâVX]P b_T]SX]V P [^c Û WTa P[[^fP]RT ^] RXVPaTccTb NNN # 5X]SX]V P Q^hUaXT]S fW^ WPcTb b\^ZT f^d[S]zc \PZT 6TâVX]P bc^_ NNN $ CWT _PaT]cb fP]c 6TâVX]P c^ QT ^_T] fXcW cWT\ NNN

BEWBODFE 3&"%*/(

5IF 3FMBUJPO CFUXFFO BVUJTN BOE WBDDJOBUJPOT ?XRcdaT _TaUTRc P WTP[cWh WP__h QPQh CWT] Pc UXUcTT] \^]cWb Ydbc [XZT TeTah ^cWTa ^]T cWT 7TPac QPQh V^c WXb \TPb[Tb \d\_b P]S adQT[[P ePRRX]PcX^] 7T WPS P eTah _WhbXRP[ aTPRcX^] c^ cW^bT ePRRX]Tb X]R[dSX]V P WXVW _XcRWTS bRaTP\ P]S SPhb Û WXVW _XcRWTS RahX]V P]S [Xbc[Tbb]Tbb bPhb WXb UPcWTa CT] hTPab [PcTa cW^bT _a^Q[T\b R^]cX]dT CWT QPQh WPb QTR^\T P] PdcXbcXR FWT] h^d PbZ 7^f S^ h^d ST bRaXQT fWPc h^d Tg_TaXT]RT Pb cWT _Pa T]c Û P] PdcXbcXR RWX[S. 8c b P [XeX]V WT[[ 8c b P [XeX]V WT[[ Uâ TeTah^]T X]e^[eTS 8c b P [XeX]V WT[[ Uâ \h b^] fW^ bdUUTab cTaaXQ[h Ua^\ cWXb SXbâSTa P]bfTab WXb UPcWTa 0]S Xc b P bcadVV[T Û PdcXbcXR RWX[ SaT] cWPc R[PbbTb PaT Ra^fSTS 7TaT Pc cWT 012 BRW^^[ Uâ 0dcXbcXR 2WX[SaT] R[PbbTb PaT Ud[[ 0aT h^d bTTX]V QXVVTa ]d\QTab. <âT ZXSb Z]^RZX]V Pc cWT S^â c^ VTc X] _[PRTb [XZT cWXb. fT PbZ CWT SXaTRcâ Û cWT bRW^^[ aT_[XTb HTb Q^cW X] ^da bRW^^[ P]S X] ^da X] W^\T bTaeXRTb TeT] X] R^\_PaXb^] c^ [Pbc hTPa FT _a^QPQ[h WPeT UXUcTT] \âT ZXSb cWP] fT WPS cWT hTPa QT UâT 0]S _PaT]cb PaT fâaXTS =^ ^]T Z]^fb fWPc RPdbTb cWXb QaPX] STeT[^_ \T]c SXbâSTa 1dc AXRZ 7TPac fW^ WPb QTR^\T

% CWT \^cWTa f^d[S [XZT 6T^aVX]P c^ WPeT P Q^hUaXT]S fW^ SXb[XZTb b\^ZT NN

#EVKXKV[ 2.#; q &1 q )1

DbT cWT RâaTRc eTaQ Uâ TPRW ]^d]) _[Ph S^ â V^ NNNNNNNN Vh\]PbcXRb ! NNNNNNNNW^RZTh " NNNNNNNbPX[X]V # NNNNNNNNNU^^cQP[[ $ NNNNNNNN bdaUX]V

& <^bc ^U cWT bcdST]cb S^]zc b\^ZT NNN ' BWT fP]cb c^ Z]^f fWPc ^cWTa _PaT]cb S^ NNN ( CWT _PaT]cb S^]zc RPaT XU bWT b\^ZTb ^a ]^c NNN 7Ta _PaT]cb VXeT WTa \^]Th TeTah \^]cW NNN

ÃªOUFSNFEÃªBUF 3&"%*/(

/P UXP XFEEJOHT BSF FWFS UIF TBNF 4eTahQ^Sh [êTb P V^^S fTSSX]V P]S 8 \ ]^ TgRT_cX^] 8 eT QTT] c^ P [^PS Û cWT\ X] \h ]PcXeT 1aXcPX] P]S 8 \dbc bPh cWPc 8 dbdP[[h WPeT P VaTPc cX\T 8 eT P[b^ QTT] c^ P UTf PQa^PS X]R[dSX]V cWT 2PaXQQTP] P]S B_PX] P]S \^bc aT RT]c[h [Pbc fTTZ X] UPRc c^ ^]T X] cWT \^d]cPX]b Û BPaSX]XP =^ cf^ fTS SX]Vb PaT TeTa cWT bP\T P]S 8 aTP[[h T]Y^hTS cWXb ^]T Uâ ^]T â cf^ Û cWT SXUUTaT]RTb Ua^\ cW^bT X] cWT D: 5Xabc cWT cf^ UP\X[XTb b_T]c Pc [TPbc cWaTT fTTZb QTUâT cWT QXV SPh _aT_PaX]V P[[ cWT U^^S Ua^\ f^]STaUd[ W^\T \PST ST[XRPRXTb c^ bX\_[T caPSX cX^]P[ QaTPSb P]S _PbcPb 8] \h Tg_T aXT]RT X] cWT D: cWPc ^]Ta^db cPbZ Xb [TUc c^ cWT RPcTaTab 8] cWT fTTZ [TPS

X]V d_ c^ cWT fTSSX]V cWTaT Xb P SX] ]Ta â b^\T Uâ\ Û RT[TQaPcX^] TeTah SPh caPX]X]V Uâ cWT bc^\PRW 8 VdTbb 8 Z]^f cWPc fT WPeT cWT caPSXcX^]P[ 1PRWT[â _Pach P]S 1PRWT[âTccT _Pach Qdc cWXb Xb \âT UP\X[h âXT]cPcTS P]S RTacPX][h P [Xcc[T [Tbb a^fSh CWXb _Pa cXRd[Pa RTaT\^]h fPb X] P QTPdcXUd[ R^d]cah RWdaRW P]S PUcTafPaSb cWT

R^d_[T fPb SaXeT] c^ cWT aTRT_cX^] X] P f^]STaUd[[h STRâPcTS R[PbbXR 5XPc $ fWXRW fPb aTP[[h bX\X[Pa c^ fWPc WP__T]b X] cWT D: TeT] S^f] c^ cWT bcaX]V Û cX] RP]b caPX[X]V QTWX]S cWT RPa CWT aTRT_cX^] XcbT[U fPb P[b^ eTah bX\X[Pa d]cX[ 8 aTP[XiTS cWPc cWT bTeT] cPQ[Tb X] cWT WP[[ TPRW bPc bXgch VdTbcb cWPc b U^da Wd]SaTS P]S cfT]ch Uâ cW^bT Û h^d fW^ SXS] c bcdSh <PcW P] PeTaPVT ]d\QTa Uâ BPaSX]XP Qdc f^d[S QT R^]bXSTaTS P eTah [PaVT fTSSX]V fWTaT 8 \ Ua^\ CWT fX]T U[^fTS Pb SXS cWT RWPc cTa cWT UP\^db 8cP[XP] TgdQTaP]RT bW^fX]V XcbT[U c^ cWT Ud[[ CWTaT fTaT cWT UXeT â bXg R^dabTb Û f^]STaUd[ U^^S bRaTP\X]V ZXSb ad]]X]V fX[S cWT RTaT\^]XP[ RdccX]V Û cWT RPZT Qh cWT QaXST P]S Va^^\ Qdc ]^ b_TTRW Tb =^c ^]T 8] cWT D: Xc b caPSXcX^]P[ Uâ cWT UPcWTa Û cWT QaXST c^ _a^_^bT P

2#46 6TWG 6 QT (CNUG (

#EVKXKV[ 5GPVGPEG $WKNFGT 2XaR[T cWT R^aaTRc P]bfTa c^ R^\_[TcT cWT bT]cT]RTb 8c Xb caPSXcX^]P[ U^a cWT R^d_[T c^ TgRWP]VT NNNNNNNNNNNSdaX]V cWT fTSSX]V RTaT\^]h P QaPRT[Tcb

Q YTfT[b

R ]TRZ[PRTb

S aX]Vb

! 3^] c bcP]S ^] cWT RWPXa [XZT cWPc CWPc RWPXa Xb ]^c eTahNNNNNNNNNNNNNNN P bPUT

Q bTcc[TS

R RP[\

S UXgTS

" FWPc Xb cWPc \PaeT[^db NNNNNNNNNNNNNR^\X]V Ua^\ cWT ZXcRWT]. 8b b^\T^]T \PZX]V P RPZT. P b\T[[

Q b]XUU

R cPbcT

S bT]bT

# 8c WPb QTT] cWaTT W^dab bX]RT BP[[h fT]c ^dc c^ cWT bd_Ta\PaZTc 8 P\ bcPacX]V c^ UTT[ P [Xc c[TNNNNNNNNNNNNNNNN P ]Tae^db

Q cTaaXUXTS

R f^aaXTS

S bWh

$ 9Taah fX[[ UPX[ WXb TgP\b QTRPdbT WT WPb P cTaaXQ[TNNNNNNNNNNNNNN 7T cWX]Zb WT Ydbc WPb c^ V^ c^ cWT [Tbb^]b P]S WT fX[[ _Pbb 7T S^Tb ]^c bcdSh P P_cXcdST

c^Pbc U^[[^fTS Qh cWT Va^^\ P]S UX] XbWX]V d_ fXcW cWPc Û cWT QTbc \P] 7Xb Xb \TP]c c^ QT WT WXVW[XVWc Û cWT [d]RW K SX]]Ta VT]TaP[[h WPeX]V P V^^S [PdVW Pc cWT Va^^\ b Tg_T]bT Qdc WTaT cWT Va^^\ fPb b_PaTS cWPc _PacXRd[Pa SXbR^\Uâc 8]bcTPS cWTaT fPb P ST[XVWcUd[ Rdb c^\ fWXRW 8 S ]TeTa bTT] QTUâT X] fWXRW bXg â bTeT] Û cWT \P[T VdTbcb _Pbb a^d]S cWT WP[[ QP]VX]V caPhb Sad\b _^cb _P]b â QPbXRP[[h P]hcWX]V cWPc \PZTb P WâaT]S^db ]^XbT bT[[X]V _XTRTb Û cWT Va^^\ b cXT fWXRW WPb QTT] Rdc X]c^ cX]h QXcb CWT \^]Th aPXbTS Xb cWT] VXeT] c^ cWT WP__h R^d_[T c^ WT[_ cWT\ bTc d_ cWTXa ]Tf [XUT c^VTcWTa ATP[[h ]XRT 5X]P[[h cWT TeT]X]V bPf P [^c Û caPSXcX^]P[ SP]R X]V P [Xcc[T SXbR^ SP]RX]V P]S b^\T ZPaP^ZT ?aTcch \dRW cWT _Pac 8 [XZT QTbc P]S PVPX] 8 fPb] c SXbP__^X]cTS 2P] c fPXc Uâ cWT ]Tgc ^]T

Q X]cT[[XVT]RT

R cP[T]c

S PccXcdST

CWT faXcTa VT]TaP[[h [XZTb fTSSX]Vb NNN ! 7T SXS] c _PacXRd[Pa[h T]Y^h cWT BPaSX]XP] ^]T NNN " CWT UP\X[XTb WT[_TS cWT RPcTaTab c^ _aT_PaT cWT U^^S NNN # CWTaT PaT dbdP[[h P SX]]Tab cWT fTTZ Û cWT fTS SX]V NNN $ CWT BPaSX]XP] fTSSX]V fPb X] P 2WdaRW NNN % D: fTSSX]V aTRT_cX^]b PaT ÛcT] P [^c b\P[[Ta cWP] BPaSX]XP] ^]Tb NNN & 0c cWT aTRT_cX^] X] BPaSX]XP cWT VdTbcb PaT `dXTc NNN ' CWT bcPUU Û cWT aTRT_cX^] WP[[ Rdc cWT RPZT Uâ cWT VdTbcb NNN ( CWTh bT[[ _XTRTb Û cWT Va^^\ b cXT NNN CWT \^]Th Ua^\ cWXb WT[_b c^ _Ph Uâ cWT aTRT_ cX^] NNN

P] PRcXeXbc Uâ PdcXb\ cWX]Zb cWT ePR RX]T WPb P R^]]TRcX^] fXcW cWXb ZX]S Û QaPX] STeT[^_\T]c SXbâSTa CWXach cWaTT _TaRT]c Û ]Tf UP\X[XTb fXcW RWX[ SaT] fXcW PdcXb\ QT[XTeT cWT ePRRX]T _[PhTS P a^[T X] cWT STeT[^_\T]c Û cWTXa RWX[S b PdcXb\ >] cWT ^cWTa WP]S P aTRT]c 3P]XbW bcdSh aTYTRcb cWT [X]Zb QTcfTT] ePRRX ]PcX^]b P]S PdcXb\ 4_XST\X^[^VXbc P]S _TSXPcaXRXP] A^QTac 1haS S^Tb] c QT[XTeT cWT \TPb[Tb ePRRX]T Xb P _a^Q [T\ 1dc WT bPhb P R^]RTa] PQ^dc fWPc Xb X] b^\T ePRRX]PcX^]b Xb YdbcXUXTS 1haS _aPXbTb cWT aT\êP[ Û P b\P[[ P\^d]c Û \TaRdah fWXRW R^d[S Pb bPd[c cWT RWX[Szb QaPX] P]S STUâ\ Xc dbTS Pb P _aTbTaePcXeT X] b^\T ePR RX]Tb C^ WPeT P]hcWX]V cWPc Xb _^cT] cXP[[h WPa\Ud[ _PRZPVTS fXcW b^\T cWX]V cWPc Xb bd__^bTS c^ QT T]cXaT[h V^^S Xb P QPS _PRZPVT WT R^\\T]cb 1haS PdcWâTS P aTRT]c[h bcdSh cWPc ad[TS ^dc QTccTa cTbcX]V P]S _^_d[PcX^] X]RaTPbTb Pb _^bbXQ[T RPdbTb Uâ 2P[XUâ]XP b SaP\PcXR X]RaTPbT 7T QT [XTeTb fWPc Xb WP__T]X]V WTaT Xb _a^QP Q[h WP__T]X]V ]PcX^]fXST 7T hTc S^Tb ]^c bTT\ c^ WPeT R^\T d_ fXcW P aTPb^]PQ[T R^]R[dbX^] 2P[XUâ]XP WPb cWT ^][h bhbcT\ Uâ aTVXbcTaX]V PdcXbcXR RWX[SaT] CWTaT Xb ]^c P]h QX^[^VXRP[ cTbc Uâ PdcXb\ B^\T aTbTPaRWTab QT[XTeT cWTaT R^d[S QT bdRW aTPb^]b fWXRW WP__T] SdaX]V cWT _aT ]PcP[ _TaX^S â SdaX]V cWT RWX[SQXacW â cWT T]eXa^]\T]c AXRZ 7TPac Z]^fb ePRRX]Tb PaT ^][h ^]T _^bbXQX[Xch 3^ h^d QT[XTeT cWTaT R^d[S QT ^cWTa UPRcâb. PbZb Adbch 3â]X] 0Qb^[dcT[h 8 S^] c cWX]Z P]h^]T X] P]h PaTP Û aTbTPaRW X] PdcXb\ QT [XTeTb cWTaT Xb ^]T bX]V[T RPdbT FT fâah SPh P]S ]XVWc PQ^dc WXb UdcdaT FW^ Xb V^X]V c^ cPZT RPaT Û WX\ fWT] fT PaT V^]T. PbZb AXRZ 7TPac

2#46 %KTENG VJG EQTTGEV CPUYGT CWT QPQh fPb P P] PdcXbcXR QPQh fWT] WT fPb Qâ] Q P ]â\P[ QPQh d]cX[ WT V^c ePRRX]PcX^] R P] d]STaSTeT[^_TS QPQh ! CWT UPcWTa cWX]Zb cWPc PdcXb\ Xb P SaTPSUd[[h SXUUXRd[c bXcdPcX^] Uâ Q^cW cWT RWX[S P]S cWT _PaT]cb P CadT Q 5P[bT " AXRZ 7TPac cWT UPcWTa Û cWT PdcXbcXR QPQh P]S P] PRcXeXbc Uâ PdcXb\ QT[XTeTb cWPc P cWTaT Xb ]^ R^]]TRcX^] QTcfTT] ePRRX]PcX^] P]S PdcXb\ Q cWTaT PaT ^cWTa _^bbXQ[T RPdbTb Uâ PdcXb\ bdRW Pb T]eXa^]\T]c R cWT ^][h _^bbXQX[Xch Uâ PdcXb\ Xb ePRRX]PcX^] # 0dcXb\ Xb U^d]S ^dc fWT] P b_TRXP[ QX^[^VXRP[ cTbc Xb S^]T P CadT Q 5P[bT $ AXRZ 7TPac Xb fâaXTS PQ^dc P fWPc Xb V^X]V c^ WP__T] fXcW cWT PdcXbcXR RWX[S PUcTa cWTh PaT V^]T Q cWT X]RaTPbX]V ]d\QTa X] PdcXb\ R ePRRX]Tb cWPc RPdbT PdcXb\ S P[[ Û cWT\ % ?aT]PcP[ _TaX^S Xb cWT _TaX^S cWPc aTUTab c^ P RWX[SQXacW Q cWT _TaX^S Û _aTV]P]Rh R UXabc cWaTT \^]cWb Û P QPQh

#EVKXKV[ %QORNGVG VJG UGPVGPEGU _a^SdRcX^] ePaXTch _a^\XbX]V X]SXb_T]bPQ[T R^]bXSTaPQ[h 2^\_[TcT cWT bT]cT]RTb fXcW cWT fâSb PQêT 9^bT_W WPb QTT] P ] NNNNNNNNT\_[^hTT Û cWXb R^\_P]h 8 S^] c Z]^f fWPc 8 f^d[S S^ fXcW^dc WX\ ! CWT U^^S Pc cWT aTbcPdaP]c fPb bX\_[h ST[XRX^db 8 Ydbc SXS] c VdTbb cWTaT fPb T]^dVWNNNNNNNNNNNNN " 4eT] cW^dVW cWT PRcâb SXS `dXcT P _^â Y^Q Û QaX]VX]V cWT Q^^Z c^ cWT bcPVT cWT NNNNNNNNNNNNNNfPb Û cWT WXVWTbc `dP[Xch # 0[cW^dVW WT Xb ^][h ' WT Xb P eTah NNNNNNNNNNNNcT]]Xb _[PhTa fW^ R^d[S WPeT P QXV Ud cdaT X] cWT VP\T $ CWT bc^RZ \PaZTc WPb aXbT] NNNNNNX] cWT [Pbc bXg \^]cWb P]S ]^f Xb P V^^S cX\T c^ X]eTbc

70$"#6-"3: /WUV *CXG 61'(. 9QTFU (QQF %TQRU X]cT]bXUh eTaQ C^ X]RaTPbT X] _^fTa* c^ PRc fXcW X]RaTPbTS bcaT]VcW 9PR^Qzb [^]V PQbT]RT X]cT]bXUXTS WXb RTacPX]ch cWPc WT bW^d[S \Paah A^bT ?Pacb Û b_TTRW) X]cT]bXUXRPcX^] ]^d] X]cT]bT PSYTRcXeT XaaXVPcX^] ]^d] CWT bd__[hX]V Û fPcTa c^ Sah [P]S 8] Sah PaTPb Û cWT R^d]cah h^d RP] bTT SXcRWTb P[[ êTa cWT UPa\[P]S Uâ XaaXVPcX^] ?Pacb Û b_TTRW) XaaXVPcT eTaQ ^QcPX] eTaQ C^ VPX] _^bbTbbX^] Û* c^ VTc 0UcTa P bTaXTb Û SXUUXRd[c X]cTaeXTfb WT UX]P[[h fPb PQ[T c^ ^QcPX] cWT Y^Q _W^c^bh]cWTbXb ]^d] CWT _a^RTbb Qh fWXRW VaTT] _[P]cb \PZT cWTXa ^f] U^^S Qh R^\QX]X]V fPcTa bP[cb P]S RPaQ^] SX^gXST X] cWT _aTbT]RT Û [XVWc >ghVT] Xb P Qh _a^SdRc Û cWT _a^RTbb Û _W^c^bh]cWTbXb ?Pacb Û b_TTRW _W^c^bh]cWTbXiT eTaQ _aTRX_XcPcX^] ]^d] FPcTa cWPc UP[[b c^ cWT 4PacWzb bdaUPRT 8] cWT ?PRXUXR =âcWfTbc cWT WXVW [TeT[ Û _aTRX_XcPcX^] T]bdaTb aXRW VaTT] _[P]c [XUT

=Tf <TP]X]Vb Uâ >[S FâSb CWXb bTRcX^] bcPacb P ]Tf RPcTVâh Û [P] VdPVT Wd\â =Tf <TP]X]Vb Uâ >[S FâSb 2P]]XQP[ ]^d] b^\T^]T fW^ Xb UTS d_ fXcW _T^_[T 3dbc ]^d] \dS fXcW cWT YdXRT b`dTTiTS ^dc

?d] Û cWT 3Ph CWT _d] Xb cWT d[cX\PcT fâS _[Ph 8c Uâ\b cWT QPbXb Û P [PaVT _TaRT]cPVT Û cWT Y^ZTb fT WTPa TeTah SPh 3XS h^d WTPa PQ^dc cWT Vdh fW^bT fW^[T [TUc bXST fPb Rdc ÛU. 7T b P[[ aXVWc ]^f

:&45&3%":m4 "/48&3 ,&:

'.'/'06#4; 4GCFKPI 5 ! . " C # . $ C #EVKXKV[ P] ! G " P # P] $ P % G & P ' P] +06'4/'&+#6' 2CTV C ! 5 " C # 5 $ 5 2CTV Q ! Q " P # P $ R #EVKXKV[ Q ! S " Q # R $ S #&8#0%'& 2CTV c^da]P\T]c ! R^]bTRdcXeT " _dabdT # eXRc^ah $ caPX] 2CTV C ! 5 " C # 5 $ C #EVKXKV[ UaXT]S[h ! bd]]h " PQdbXeT # cT]ST]Rh $ \XbU^acd]T % aTbTPaRWTab & PS^_cX^]

4eTahSPh 0Ra^]h\b 03 0]]^ 3^\X]X 8] cWT HTPa Û >da ;âS ) " 03 0:0 0[b^ :]^f] 0b) <h Qa^cWTa 0:0 ;PdVWX]V 1^h fX[[ QT W^\T Uâ P eXbXc ]Tgc fTTZ 0< 0]cT <TaXSXT\) <h UPcWTa WPb V^ccT] d_ Pc $) 0< bX]RT WT fPb P Q^h 2^]UdbX]V FâSb 8] 4]V[XbW

1X\^]cW[h \TP]b TeTah cf^ \^]cWb ) FT ^aSTa Ua^\ cWT R^ ^_ QX\^]cW[h BT\X\^]cW[h \TP]b cfXRT P \^]cW QXfTTZ[h ) FT WPeT ^da W^dbT R[TP]TS bT\X\^]cW[h

+P EQQRGTCVKQP YKVJ 'PINKUJ 6KOG $. : ,

T19-12-08-08.qxd

11.08.2008

19:28

Page 1

B?>ACB

9T[T]P 9P]Z^eXR QTR^\Tb f^\T]zb =^ ,GNGPC ,CPMQXKE QHHKEKCNN[ VQQM QXGT VJG YQTNF 0Q TCPMKPI KP YQOGP U VGPPKU QP /QPFC[ MPQYKPI HQT C YGGM UJG YQWNF DG TGRNCEKPI 5GTDKCP EQORCVTKQV #PC +XCPQXKE +TQPKECNN[ ,CPMQXKE OQXGF HTQO 0Q VQ 0Q YKVJQWV JCXKPI VQ UYKPI C TCEMGV CU VJGTG YGTG PQ 96# 6QWT GXGPVU NCUV YGGM 5V 2GVGTUDWTI (NQTKFC #2

45%3$!9 ß!5'534ß ß

51%%'4

[¡MNF[ BQPMPHJ[FT UP #F£JLUB£ GBOT GPS GJHIU

"/"-:4*4

1MCP 7FQ $CUUG[ 50%":h4 ;"."/ CdaZXbW PcW[TcTb f^] \TSP[b U^da V^[S cWaTT bX[eTa P]S cWaTT Qa^]iT Pc cWT 0cWT]b >[h\_XR 6P\Tb U^da hTPab PV^ P]S CdaZTh bTc P cPaVTc Û UXeT V^[S UXeT bX[eTa P]S UXeT Qa^]iT \TSP[b Pc cWT ^]V^X]V 1TXYX]V >[h\_XR 6P\Tb 1dc PUcTa U^da SPhb Û R^\ _TcXcX^] cWTaT PaT S^dQcb cWT CdaZb fX[[ TeT] QT PQ[T c^ \PcRW cWT 0cWT]b PRR^\_[XbW\T]c 0]S cWT aTPb^]b PaT ]^c WPaS c^ STcTa \X]T CdaZThzb 1TXYX]V 6P\Tb RP\_PXV] bcPacTS fXcW P fWX\_Ta ^] BPcdaSPh fWT] fTXVWc[XUcTa =daRP] CPh[P] cWT V^[S \TSP[Xbc X] cWT #' ZX[^VaP\ TeT]c X] 0cWT]b P]S cWXb hTPazb fâ[S Yd]Xâ RWP\_X^] fPb T[X\X]PcTS PUcTa cWaTT UPX[TS PccT\_cb X] cWT b]PcRW 2WX]Pzb 2WT] GXTgXP c^^Z cWT #' ZX[^VaP\ V^[S R[X]RWX]V eXRcâh fXcW P c^cP[ Û ! ! ZX[^ VaP\b CdaZTh b BXQT[ >iZP] b c^cP[ Û (( ZX[^ VaP\b TPa]TS bX[eTa fWX[T CPXfP]TbT [XUcTa 2WT] FTX ;X]V [XUcTS (% ZX[^VaP\b Uâ Qa^]iT CWT] ^] Bd]SPh P]^cWTa CdaZXbW V^[S \TSP[ W^_T 0ST\ : [ ÌÌ P[b^ R^[[P_bTS [XZT P W^dbT Û RPaSb PUcTa WT fPb R^\_[TcT[h ^dc R[PbbTS P]S ^dc _d]RWTS Qh 1aXcXbW cTT]PVTa 1X[[h 9^T BPd]STab X] cWTXa fT[cTafTXVWc Q^gX]V Q^dc BPd]STab V^c WXb >[h\_XRb 6P\Tb ÛU ^] cWT aXVWc U^^c SXb_^bX]V Û fâ[S Qa^]iT \TSP[Xbc : [ ÌÌ fXcW bch[T P]S _P]PRWT CWT ' hTPa ^[S 1aXc ]^c ^][h f^] Qdc QTPc WXb Tg _TaXT]RTS ^__^]T]c # " fXcW P bTaXTb Û PRRd aPcT P]S _d]XbWX]V bW^cb 8 eT QTPcT] cWT fâ[S Qa^]iT \TSP[Xbc Qh _^X]cb b^ 8 \ UTT[ X]V VaTPc cWT 7TacUâS ]PcXeT bPXS PUcTafPaS B_âcb PaT P[[ PQ^dc [^bX]V P]S fX]]X]V ]^ S^dQc PQ^dc Xc 1dc fâ[S =^ " : [ ÌÌ QT X]V QTPcT] d_ [XZT P STUT]bT[Tbb _d]RWX]V QPV Qh P 1aXcXbW cTT] ]êXRT QTUâT cWT ThTb Û cWT fW^[T fâ[S Xb ]^c fWPc SXTWPaS CdaZXbW b_âcb UP]b WPS Tg_TRcTS â R^d[S PRRT_c 0]^cWTa CdaZXbW \TSP[ W^_T BTSPc 0acdÌ P[b^ UP[cTaTS ^] Bd]SPh fWT] WT UPX[TS c^ `dP[XUh X] cWT \T]zb $% ZX[^VaP\ TeT]c 8] bPX[X]V ^] <^]SPh 0[X :T\P[ CáUTZÌX Û CdaZTh UX]XbWTS (cW X] cWT 5X]] _aêXbX^] P[ aPRT P]S fPb T[X\X]PcTS BTiTa 7dhbdi Û CdaZTh [^bc c^ 2WX]Pzb BX AXYXVPfP X] cWT \T]zb &"ZV YdS^ R^\_TcXcX^] P]S cWdb UPX[TS c^ \PZT cWT [Pbc % 0]S b^ BXQT[zb bX[eTa fPb cWT ^][h \TSP[ CdaZTh fWXRW WPS bTc bXVWcb ^] $ \TSP[b WPS f^] Pb Û <^]SPh 8U fT \Ph PbZ fWTaT fX[[ cWT aT\PX]X]V # \TSP[b R^\T Ua^\. 5aP]Z[h b_TPZX]V CdaZTh fX]]X]V $ \TSP[b X] 1TXYX]V ]^f bTT\b [XZT \XbbX^] X\_^bbXQ[T <PhQT ^]T \TSP[ fX[[ R^\T Ua^\ STUT]SX]V >[h\_XR RWP\_X^] CP]Ta BPê a X] cWT &$ ZX[^VaP\ fTXVWc[XUcX]V TeT]c P]S P UTf \âT X] faTbc[X]V P]S cWPc \Ph QT Xc B^ PUcTa P[[ cWT W^^_[P bdaa^d]SX]V CdaZThzb >[h\_XR _aT_PaPcX^]b P]S cWT cTP\zb ST_PacdaT c^ 1TXYX]V cWT PcW[TcTb b^ UPa WPeT UPX[TS c^ [XeT d_ c^ Tg_TRcPcX^]b

*OEJB UIF XPSME T TFDPOE NPTU QPQVMPVT OBUJPO BGUFS IPTU $IJOB XJOT JUT GJSTU FWFS JOEJWJEVBM 0MZNQJD UJUMF XJUI "CIJOBW #JOESB T HPME JO UIF NFO T N BJS SJGMF

B_Xci b aTRâS Û bTeT] V^[Sb X] (&! 0VPX] fPcRWTS Qh DB ?aTbXST]c 6TâVT 1dbW X] cWT FPcTa 2dQT WT [TUc cWT 0\TaXRP]b bTR^]S PUcTa cWT UXabc [TV caPX[X]V c^ P 5aT]RW cTP\ fW^ WPS e^fTS c^ {b\PbW| cWT\ FXcW Ydbc P [P_ c^ V^ 5aP]RT b Uâ\Ta aTRâS W^[STa 0[PX] 1Ta]PaS [TS Qh WP[U P Q^Sh [T]VcW Qdc P] Pbc^]XbWX]V R^\TQPRZ Ua^\ 9Pb^] ;TiPZ c^^Z cWT V^[S Qh P UX]VTa cX_ {9Pb^] UX]XbWTS cWPc aPRT QTccTa cWP] fT R^d[S TeT] PbZ Uâ | ?WT[_b bPXS {8 fPb b^ UXaTS d_ | CWT 0\TaXRP]b c^^Z ]TPa[h U^da bTR^]Sb ÛU cWT fâ[S aTRâS P QXV \PaVX] X] bfX\\X]V 8] P[[ UXeT aT[Ph cTP\b QTPc Xc fWX[T 4P\^] Bd[[XeP] R[PX\TS cWT X]SXeXSdP[ fâ[S aTRâS Ua^\ 1Ta]PaS fWT] WT [TS cWT 0dbcaP[XP] cTP\ ÛU ^] cWT UXabc [P_

CWT TeT]c [TUc ?WT[_b fXcW cf^ V^[Sb PUcTa WT STbca^hTS WXb ^f] fâ[S aTRâS ^] Bd]SPh c^ fX] cWT # X]SXeXSdP[ \TS[Th 7PeX]V f^] bXg X] 0cWT]b ?WT[_b ]TTSb ^][h cf^ \âT c^ WPeT cWT \^bc V^[Sb Û P]h >[h\_XP] 0[b^ QaX]VX]V cWT Ra^fS c^ cWTXa UTTc X] cWT bWX\\TaX]V _^^[ eT]dT cWT \^bc STRâPcTS 0bXP] bfX\\Ta Û P[[ cX\T 9P_P] b :^bdZT :XcPYX\P Ydb cXUXTS WXb _aT aPRT Wh_T Qh bWPeX]V !! bTR^]Sb ÛU cWT fâ[S aTRâS c^ fX] cWT QaTPbcbca^ZT F^\T] bfX\\Tab fTaT ]^c c^ QT ^dcS^]T ATQTRRP 0S[X]Vc^] f^] 1aXcPX] b UXabc >[h\_XR f^\T] b bfX\\X]V cXc[T X] ]TPa[h WP[U P RT]cdah fXcW P [Pbc VPb_ eXRcâh X] cWT # UaTTbch[T PUcTa QTX]V U^dacW Pc cWT UX]P[ cda] 0dbcaP[XP b ;XQQh CaXRZTcc WPS V^]T X]c^ cWT ! # 6P\Tb Pb fâ[S aTRâS W^[STa Uâ UaTTbch[T Qdc Qdabc X]c^ cTPab cWT UXabc cX\T bWT bPf cWT _^^[ P]S UPX[TS c^ \PZT cWT UX]P[ CWXb cX\T bWT êTaRP\T P]^cWTa PccPRZ Û ]TaeTb c^ R[PX\ V^[S X] cWT f^\T] b QdccTaU[h IX\QPQfT b :Xabch 2êT]cah WPS e^fTS c^ bW^f WTa ]PcX^] X] P _^bXcXeT [XVWc X] 2WX]P ST b_XcT Xcb TR^]^\XR P]S _^[XcXRP[ RaXbXb BWT SXS Ydbc cWPc Qh bWPeX]V ! bTR^]Sb ÛU cWT fâ[S aTRâS Uâ cWT QPRZbca^ZT SdaX]V WTa bT\XUX]P[ CWT cT]]Xb c^da]P\T]c V^c X]c^ Ud[[ bfX]V PUcTa aPX] ST[Phb B_PX] b APUPT[ =PSP[ bdaeXeX]V P bRPaT c^ STUTPc 8cP[XP] ?^cXc^ BcPaPRT % ! " % % ! BfXciTa[P]S b A^VTa 5TSTaTa bW^^Z ÛU aTRT]c f^QQ[Tb c^ RadXbT cWa^dVW X] bcaPXVWc bTcb fWX[T BTaT]P FX[[XP\b P[b^ aTRâSTS P R^\UâcPQ[T fX] X] cWT f^\T] b UXabc a^d]S $GKLKPI 4GWVGTU

51%%'4

8]SXP RT[TQaPcTS cWTXa UXabc X]SXeXSdP[ >[h\_XR V^[S \TSP[ ^] <^]SPh P]S 0\TaXRP] bfX\\Tab ZT_c <XRWPT[ ?WT[_b b SaTP\ P[XeT Qh P UX]VTa cX_ CWT dbdP[[h R^^[ ?WT[_b bRaTP\TS P]S _d\_TS cWT PXa fXcW Y^h Pb WXb DB cTP\\PcTb WT[_TS \PX]cPX] WXb RWPaVT Uâ P] d]_aTRTST]c TS TXVWc V^[S \TSP[b X] cWT _^^[ _X__X]V 5aP]RT X] cWT #g \TcTa UaTTbch[T aT[Ph 8]SXP]b QP]VTS Sad\b P]S SP]RTS X] cWT bcaTTcb PUcTa cWT fâ[S b bTR^]S \^bc _^_d[^db ]PcX^] f^] cWTXa UXabc X]SXeXSdP[ >[h\_XR cXc[T fXcW 0QWX]Pe 1X]SaP b V^[S X] cWT \T] b \ PXa aXU[T {=^f 8 WPeT [^cb Û fâZ PWTPS Pb WT Xb cWT R^d]cah b \^bc T[XVXQ[T QPRWT[â | Y^ZTS WXb \^cWTa 1PQ[X 1X]SaP b_TPZX]V c^ ATdcTab Ua^\ cWT UP\X[h W^\T X] 2WP]SXVPaW ;XZT \P]h fX]]Tab X] 1TXYX]V ^] <^]SPh 1X]SaP ]TTSTS P aT\PaZPQ[T R^\TQPRZ bW^^cX]V P ]TPa _TaUTRc WXc Pc cWT T]S {8c b cWT cWaX[[ Û \h [XUT | WT bPXS PUcTa P fX] cWPc [TUc 2WX]P b STUT]SX]V RWP\_X^] IWd @X]P] b^QQX]V fXcW ^][h bX[eTa 0 UP\X[XPa bWPS^f UT[[ êTa cWT 6P\Tb fWT] P B_P]XbW RhR[Xbc QTRP\T cWT UXabc R^\_TcXcâ c^ UPX[ P SadVb cTbc X] 2WX]P <PaXP 8bPQT[ <âT]^ fPb RPdVWc cPZX]V cWT T]SdaP]RT Q^^bcX]V 4?> SadV cWT 8]cTa]PcX^]P[ >[h\_XR 2^\\XccTT 8>2 bPXS CWT 8>2 cTbcTS cWT T]cXaT B_P]XbW RhR[X]V cTP\ cWaTT cX\Tb QTUâT R^\_TcXcX^] QTVP] VTccX]V c^dVW PUcTa P bTaXTb Û _Pbc bRP]SP[b WPeT \PaaTS cWT aT_dcPcX^] Û cWT b_âc P]S R^d]cah ?WT[_b Xb R^d]cX]V ÛU cWT V^[Sb X] fâ[S aTRâSb Pb WT QXSb c^ bda_Pbb <PaZ

'FOFShT ,F[NBO TBZT IJT GVUVSF JT JO 1BSJT

?7>C>

5â\Ta 1TëXZcPë RP_cPX] çQaPWX\ Áiá[\Ti fW^ U^dVWc fXcW çQaPWX\ CâP\P] SdaX]V cWT cTP\zb caPX]X]V RP\_ X] 0dbcaXP X] TPa[h 9d[h WT[S P _aTbb R^]UTaT]RT ^] Bd]SPh Pc cWT cTP\zb caPX]X]V UPRX[ Xch X] 8bcP]Qd[ c^ P_^[^VXiT c^ cWT 1TëXZcPë R[dQ P]S Xcb bd__âcTab B_TPZX]V c^ Y^da]P[Xbcb Pc 1TëXZcPëzb =TeiPc 3T\Xa CaPX]X]V 5PRX[Xch Áiá[\Ti bPXS TeTahQ^Sh RP] \PZT \XbcPZTb PSSX]V cWPc WT WPS [TPa]TS P [Tbb^] Ua^\ WXb \Xb cPZTb {8 SXS ]^c WPeT T]\Xch fXcW çQaPWX\ CâP\P] bcT\\X]V Ua^\ _aTeX^db hTPab 8c fPb P b_^]cP]T^db X]RXST]c 8 fXbW Xc WPS ]^c cPZT] _[PRT 1dc b^\TcX\Tb Xc WP__T]b CWT X\_âcP]c cWX]V Xb [TPa]X]V h^da [Tbb^] Ua^\ h^da \XbcPZTb 8 P_^[^VXiT c^ cWT 1TëXZcPë RdQ ^da RWPXa\P] H [S a \ 3T\XaÛaT] \T\QTab Û cWT Q^PaS VT] TaP[ \P]PVTa BX]P] 4]VX] P]S Tb_TRXP[[h c^ ^da R^PRW 4acdêad[ BPê[P\ Uâ RPdbX]V cWXb ZX]S Û d]Uâcd]PcT TeT]c CPZX]V _Pac X] bdRW P] TeT]c bPSST]TS \T c^^ Pb 8 WPeT QTT] _[PhX]V Uâ cWXb cTP\ Uâ TXVWc hTPab P]S fPb P[b^ cWT RP_cPX] Û cWT cTP\ | WT bcPcTS ÒUVCPDWN 6QFC[mU <COCP YKVJ YKTGU

5VSLT NPWJOH BU TOBJMhT QBDF JO #FJKJOH

*OEJB TIJOFT BU MBTU 1IFMQTm ESFBN TUJMM PO 0?

2WP\_X^]b <P]RWTbcTa D]XcTS f^] cWT 2^\\d]Xch BWXT[S caPSXcX^]P[ RdacPX] aPXbTa c^ cWT 4]V[XbW bTPb^] " ^] _T]P[cXTb PUcTa P SaPf PVPX]bc 50 2d_ fX]]Tab ?âcb\^dcW Pc FT\Q[Th ^] Bd]SPh 8c fPb cWT cWXaS cX\T X] ! \^]cWb cWPc D]XcTS WPeT bTRdaTS bX[eTafPaT fXcW P bW^^c^dc eXRcâh PUcTa QTPcX]V 2WT[bTP X] cWT 2^\\d]Xch BWXT[S P hTPa PV^ P]S \âT X\_â cP]c[h cWT 2WP\_X^]b ;TPVdT UX]P[ X] <^bR^f X] <Ph 3Tb_XcT _[PhX]V fXcW^dc cWTXa \PX] bcaXZT UâRT Û 2aXbcXP]^ A^]P[S^ P]Z[T bdaVTah P]S FPh]T A^^]Th eXadb D]XcTS S^\X]PcTS P [PaVT[h _TSTbcaXP] \PcRW P]S bW^d[S WPeT faP__TS Xc d_ QTUâT cWT _T]P[cXTb U^[[^fTS Pc cWT T]S Û ]â\P[ cX\T 2Pa[^b CTeTi AhP] 6XVVb P]S <XRWPT[ 2PaaXRZ UX]P[[h U^d]S cWT ]Tc X] cWT bW^^c^dc fWX[T 9Ta\PX] 3TU^T fPb ?âcb\^dcW b ^][h bRâTa .QPFQP 4GWVGTU

?7>C>

51%%'4

.BODIFTUFS 6OJUFE XJOT $PNNVOJUZ 4IJFME

<PcTYP :Ti\P]zb _^cT]cXP[ caP]bUTa Ua^\ 5T]TaQPWÌT c^ ?PaXb BPX]c 6Ta\PX] ?B6 WPb QTT] P]hcWX]V Qdc b\^^cW* W^fTeTa cWT Uâ\Ta ?BE 4X]SWêT] bcaXZTa WPb c^[S cWT 5aT]RW b_âcb SPX[h [z4`dX_T cWPc WT W^_Tb c^ R^\_[TcT P \êT c^ cWT 5aT]RW RP_XcP[ X] cWT R^\X]V SPhb 8c f^d[S ]^c QT d]UPXa c^ STbRaXQT !( hTPa ^[S BTaQXP] bcaXZTa :Ti\P]zb \êT Ua^\ 5T]TaQPWÌT c^ ?B6 Pb R^\_[XRPcTS 0c _aTbT]c X]cTa]P[ \Pc cTab Pc cWT çbcP]Qd[ R[dQ PaT _aTeT]cX]V cWT _a^ [XUXR bcaXZTa Ua^\ R^\_[TcX]V P \êT c^ ?B6 CWTbT WPeT S^]T [Xcc[T c^ SX\X]XbW cWT _[PhTazb T]cWdbXPb\ Uâ cWT bfXcRW 0[cW^dVW WT R^] RTSTb c^ [ 4`dX_T cWPc WT {Xb P 5T]TaQPWÌT _[PhTa Pc _aTbT]c | :Ti\P] bcPcTb cWPc WT W^_Tb {c^ Pa aXeT X] ?PaXb eTah b^^] | XSTP[[h cWXb fTTZ {8 WPeT Ydbc b_T]c cf^ TgRT[[T]c hTPab X] CdaZTh fXcW P] TgcaPâSX]Pah R[dQ P]S X] P b_[T]SXS RXch | :Ti\P] ]^cTS ÒUVCPDWN 6QFC[mU <COCP

0/ 535 50%":

.FEBM UBCMF BU 0MZNQJD (BNFT )NDIA S®!BHINAV®"INDRA®SHOOTS®DURING®THE®MEN S® M®AIR®RIFLE®FINAL®AT®THE®"EIJING®3HOOTING®2ANGE®(ALL®IN®THE® ®/LYMPICS®ON®-ONDAY

4UVEJP #FJKJOH 4XJNNJOH 8SFTUMJOH

8SFTUMJOH 8PNFO T TZODISPOJ[FE N QMBUGPSN .FO T EPVCMF USBQ GJOBM .FOhT SPXJOH GJOBM 4UVEJP #FJKJOH .FOhT CBTLFUCBMM "SHFOUJOB WT "VTUSBMJB 4UVEJP #FJKJOH 7PMMFZCBMM l *UBMZ WT 64 +VEP 8SFTUMJOH 'FODJOH .FO T JOEJWJEVBM FQFF GJOBM .FOhT CBTLFUCBMM $IJOB WT 4QBJO 0MZNQJD TVNNBSJFT /PUF "MM UJNFT 5VSLJTI

(FPSHJBO UXJOT 4IPUB BOE "SDIJM DPOEFNO 3VTTJB 6TâVXP] cfX] b^RRTa _[PhTab BW^cP P]S 0aRWX[ 0aeT[PSiT WPeT bcPcTS cWPc fWX[T AdbbXP Xb ZX[[X]V X] ]^RT]c _T^_[T cWT fW^[T fâ[S Xb Ydbc fPcRWX]V cWTbT Pca^RXcXTb Ua^\ cWT bXST[X]Tb fXcW^dc aTPRcX]V Pc P[[ CWT TeT]cb QaX]VX]V AdbbXP P]S 6TâVXP X]c^ P Q[^^Sh P]S eX^[T]c R^]U[XRc ]^c ^][h PUUTRc cWT X]WPQX cP]cb Û cWT R^d]cah Qdc P[b^ 6TâVXP] Tg_Pcb BW^cP P]S 0aRWX[ fW^ ^]RT _[PhTS Uâ 1[PRZ BTP bXST CaPQi^]b_â PaT P\^]V cW^bT P]S ]^f cWPc b^\T \TP]b Û R^\\d ]XRPcX^] WPeT QTT] Rdc ÛU X] 6TâVXP cWTh WPeT ]^c QTT] PQ[T c^ R^]cPRc cWTXa UP\X[XTb BW^cP fW^bT _PaT]cb P]S RWX[SaT] aTbXST X] 1Pcd\ ^dc Û _aÛ^d]S UTPa P]S fâah bT]c WXb Qa^cWTa 0aRWX[ c^ cWT RXch 0aRWX[ QTUâT Q^PaSX]V cWT _[P]T c^ 1Pcd\ c^[S cWT 2XWP] ]Tfb PVT]Rh) {CW^dbP]Sb Û _T^_[T fTaT ZX[[TS X] cWT [Pbc cf^

SPhb FT [^bc R^]cPRc fXcW P[[ Û ^da R[^bT aT[PcXeTb P]S XU cWT R^d]cah ]TTSb db c^ UXVWc fT PaT aTPSh c^ V^ c^ cWT Ua^]c [X]Tb e^[d]cPaX[h =^Q^Sh fP]cb fPa Û R^dabT* Qdc ]^f cWPc ^da R^d]cah Xb d]STa cWaTPc ]^ \PccTa fWPc ^da _aÛTbbX^] Xb fT PaT aTPSh c^ bPRaXUXRT ^da [XeTb | BW^cP ]^cTS) {8] bdRW P RT]cdah cWT fPa fT PaT V^X]V cWa^dVW fWXRW R^bcb cWT [XeTb Û cW^dbP]Sb Û X]]^RT]c _T^_[T Xb SaTPSUd[ FT WPS QTT] Tg_TRcX]V cWT WT[_ P]S bd__âc Ua^\ FTbcTa]Tab Uâ hTPab X] ePX] CWT RXcXTb 6âX P]S ?^cX WPeT QTT] ST\^[XbWTS X] bdRW P bWâc cX\T P]S 8z\ PUaPXS ]^f Xczb ^da RP_ XcP[zb cda] CQ[XbX 1Pcd\ Xb P[b^ d]STa cWaTPc P]S cWPc Xb fWTaT \h UP\X[h aTbXSTb 8czb bdRW P bWP\T cWPc cWT fW^[T fâ[S Xb X]SXUUTaT]c c^ cWT \XbTah \h _T^_[T PaT Tg_TaXT]RX]V | ÒUVCPDWN 6QFC[mU <COCP

CM Y K

10BAç 3>æ0= 2ç70=

#PYJOH "SUJTUJD HZNOBTUJDT NFOhT UFBN GJOBM

?7>C>

4UVEJP #FJKJOH

, 2 ®3HOTA®AND®!RCHIL®!RVELADZE

$PVOUSZ ®®#HINA ®®3OUTH®+OREA ®®53®®®®®®®®®®®® ®®)TALY®®®®®®®®®® ®®!USTRALIA®®®®®® ®®*APAN®®®®®®®®®® ®®"RITAIN®®®®®®®® ®®#ZECH®2EP® ®®.ETHERLANDS® ®®3PAIN®®®®®®®®®® ®&INLAND®®®®®®®® ®®4HAILAND®®®® ®2OMANIA®® ®)NDIA®®®®®®® ®!ZERBAIJAN®® ®®2USSIA®®®® ®®&RANCE®®®®®® ®®.ORTH®+OREA ®#UBA®®®®®®®® ®'ERMANY®®®® ®®3WEDEN®®® ®:IMBABWE®® ®(UNGARY®®® ®3LOVAKIA®®® ®6IETNAM®®® ®.ORWAY®®®®®® ®!USTRIA®®®® ®4URKEY®®®®®® ®#OLOMBIA®® ®®"RAZIL®®®®®® ®)NDONESIA® ®®!LGERIA®®® ®'EORGIA®®® ®"ELARUS®®®®® ®3WITZERLAND ®#ROATIA®®®®®®®® ®4AIWAN®®®®®®®®® ®5ZBEKISTAN ®!RGENTINA®®®® ®4AJIKISTAN®®®

(

# 5PUBM

T20-12-08-08.qxd

11.08.2008

15:00

Page 1

>__^]T]cb c^ _a^cTbc yCa^_XR CWd]STaz )TQWRU VJCV CFXQECVG HQT VJG FKUCDNGF JCXG ECNNGF HQT C PCVKQPCN DQ[EQVV QH VJG $GP 5VKNNGT EQOGF[ l6TQRKE 6JWPFGT m EKVKPI YJCV VJG[ UC[ KU KVU PGICVKXG RQTVTC[CN QH RGQRNG YKVJ KPVGNNGEVWCN FKUCDKNKVKGU .QU #PIGNGU 4GWVGTU 777 4/$!93:!-!. #/-ß45%3$!9 ß!5'534ß ß ß

*OWJTJCJMJUZ DMPBL POF TUFQ DMPTFS TDJFOUJTUT TBZ BRXT]cXbcb WPeT RaTPcTS cf^ ]Tf ch_Tb Û \PcTaXP[b cWPc RP] QT]S [XVWc cWT fa^]V fPh RaTPcX]V cWT UXabc bcT_ c^fPaS P] X]eXb XQX[Xch R[^PZX]V STeXRT >]T P__a^PRW dbTb P ch_T Û UXbW]Tc Û \TcP[ [PhTab c^ aTeTabT cWT SXaTRcX^] Û [XVWc fWX[T P]^cWTa dbTb cX]h bX[eTa fXaTb Q^cW Pc

cWT ]P]^bRP[T [TeT[ 1^cW PaT b^ RP[[TS \TcP\PcTaX P[b PacXUXRXP[[h T]VX]TTaTS bcadRcdaTb cWPc WPeT _a^_TacXTb ]^c bTT] X] ]PcdaT bdRW Pb ]TVPcXeT aT UaPRcXeT X]STg CWT cf^ cTP\b fTaT fâZX]V bT_P aPcT[h d]STa cWT SXaTRcX^] Û GXP]V IWP]V Û cWT =P]^bRP[T BRXT]RT P]S 4]VX]TTaX]V 2T]cTa Pc cWT

D]XeTabXch Û 2P[XUâ]XP 1TaZT[Th fXcW DB VêTa] \T]c Ud]SX]V >]T cTP\ aT_âcTS Xcb UX]SX]Vb X] cWT Y^da]P[ BRXT]RT P]S cWT ^cWTa X] cWT Y^da]P[ =PcdaT 4PRW ]Tf \PcTaXP[ fâZb c^ aTeTabT [XVWc X] [X\XcTS fPeT[T]VcWb b^ ]^ ^]T fX[[ QT dbX]V cWT\ c^ WXST QdX[SX]Vb Ua^\ bPcT[[XcTb bPXS 9Pb^]

EP[T]cX]T fW^ fâZTS ^] ^]T Û cWT _a^YTRcb {FT PaT ]^c PRcdP[[h R[^PZX]V P]hcWX]V | EP[T]cX]T bPXS X] P cT[T_W^]T X]cTaeXTf {8 S^]zc cWX]Z fT WPeT c^ fâah PQ^dc X]eXbXQ[T _T^_[T fP[ZX]V Pa^d]S P]h cX\T b^^] C^ QT W^]Tbc fT PaT Ydbc Pc cWT QTVX] ]X]V Û S^X]V P]hcWX]V [XZT cWPc | 9CUJKPIVQP 4GWVGTU

'PSLMJGU IFMQT MC NBO UBLF SBSF PVUJOH 0 & _^d]S " ZX[^VaP\ \P] ^]RT R^]bXSTaTS cWT fâ[Szb \^bc ^QTbT _Tab^] [TUc WXb W^\T Uâ cWT UXabc cX\T X] UXeT \^]cWb ^] Bd]SPh fXcW cWT PXS Û P UâZ[XUc P]S P _[PcUâ\ cadRZ <P]dT[ DaXQT caPeT[TS c^ cWT bWâT Û P [PZT X] ]âcWTa] <TgXR^ fXcW^dc TeTa [TPeX]V WXb b_TRXP[[h STbXV]TS QTS 0 UâZ[XUc W^XbcTS cWT QTS ^]c^ cWT cadRZ fWXRW cWT] WPd[TS WX\ c^ cWT [PZT fWTaT WT b]PRZTS ^] UXbW P]S eTV TcPQ[Tb P]S Y^ZTS fXcW P [^RP[ Q^Pc ^_TaPcâ ;^^ZX]V Pc cWT Q^Pc\P]zb b\P[[ RaPUc DaXQT Y^ZTS {C^^ QPS 8 RP]zc VTc ^] Xc Xc f^d[S bX]Z | >]RT R^]bXSTaTS cWT fâ[Szb UPccTbc \P] fWT] WXb fTXVWc WXc êTa WP[U P c^] \âT cWP] cf^ hTPab Û bcTPSh SXTcX]V WPS WT[_TS DaXQT Sa^_ c^ PQ^dc & _^d]Sb " ZX[^VaP\b Pb Û 9d]T $$ _^d]Sb !$ ZX[^ VaP\b [Tbb cWP] WXb Uâ\Ta 6dX]]Tbb aTRâS fTXVWc Û !"$ _^d]Sb $% ZX[^VaP\b /QPVGTTG[ #2

$POTUBCMF XJOT FMFDUJPO CZ WPUF IFS PXO 0[[ Xc cPZTb Xb ^]T e^cT c^ fX] 9dbc PbZ P CT]]TbbTT f^\P] fW^ fPb T[TRcTS R^]bcPQ[T Qh e^cX]V Uâ WTabT[U 0]VT[P Cdcc[T "! bPXS WTa UPcWTa T]R^da PVTS WTa c^ ad] Pb P faXcT X] RP]SXSPcT QTRPdbT ]^ ^]T T[bT fPb ehX]V Uâ ^]T Û cWT _^bXcX^]b X] 7P]R^RZ 2^d]ch fWXRW Xb X] ]âcWTPbcTa] CT]]TbbTT Cdcc[T bPXS WTa WdbQP]S X]XcXP[[h SXS]zc TeT] aTP[XiT bWT fPb ad]]X]V {8 UX]P[[h c^[S WX\ PQ^dc P \^]cW QTUâT cWT T[TRcX^] | bWT c^[S CWT 0bb^RXPcTS ?aTbb êTa cWT fTTZT]S 7Ta WdbQP]S SXS]zc cWX]Z bWT f^d[S fX] Qdc ]^f WT {Ydbc VaX]b Pc WTa | bWT bPXS 7P]R^RZ 2^d]ch T[TRcX^] ÛUX RXP[b bPXS " e^cTab Û cWT %&# aTVXbcTaTS X] cWT "aS 3XbcaXRc e^cTS ^] CWdabSPh 5PGGFXKNNG #2

$IJDLFO DSPTTFT SPBE BCBOEPOFE CZ UIJFG FWh SXS cWT RWXRZT] Ra^bb cWT a^PS. 8] cWT RPbT Û 9Taah B[TPcTazb $ U^^c # _^d]S QaXVWc Q[dT a^^b cTa cWPczb P__PaT]c[h Pb UPa Pb fW^TeTa fPb cahX]V c^ bcTP[ Xc R^d[S VTc Xc FWT] cWT &% hTPa ^[S 4PbcTa] FPbWX]Vc^] \P] fT]c c^ VTc WXb ]Tfb_P_Ta [Pbc CWdabSPh cWT QXV QXaS ]P\TS AdSh fPb [hX]V QT bXST cWT a^PS B[TPcTa WPb ZT_c cWT \TcP[ a^^bcTa _TaRWTS ^] WXb _a^_Tach b^dcW Û :T]]TfXRZ Uâ cf^ hTPab P]S bPhb {AdSh Xb P UP\X[h _Tc 7T S^Tb ]zc V^ P]hfWTaT Qdc WTzb _Pac Û cWT UP\X[h | B[TPcTa bPXS WT cWX]Zb cWPc fW^TeTa fPb cahX]V c^ bcTP[ AdSh V^c b_^^ZTS PUcTa _dbWX]V cWT êTabXiTS a^^b cTa S^f] P SXac T\QP]Z\T]c 7T bPXS WT _daRWPbTS AdSh cf^ hTPab PV^ Ua^\ P hPaS â]P\T]c bcâT cWPc fPb V^X]V ^dc Û QdbX]Tbb -GPPGYKEM 9CUJ #2

(SBOENB BSSFTUFE GPS ESJWJOH XJUI DIJME PO SPPG 0dcWâXcXTb bPh P VaP]S\^cWTa fPb PaaTbcTS Uâ SaXeX]V Pa^d]S cWT _PaZX]V [^c Û P <PaPcW^] Va^ RTah bcâT fXcW WTa " hTPa ^[S RWX[S bXccX]V ^] cWT a^Û Û cWT RPa <^]a^T 2^d]ch BWTaXUUzb >UUXRT ST_dcXTb fTaT RP[[TS c^ cWT ?dQ[Xg bcâT P]S PaaTbcTS P $# hTPa ^[S f^\P] PUcTa bWT fPb SaXeX]V Pa^d]S fXcW WTa cWaTT hTPa ^[S VaP]SSPdVWcTa ^] cWT a^Û Û WTa RPa CWT VaP]S\^cWTa fPb aT[TPbTS Ua^\ YPX[ $ W^dab [PcTa CWT f^\P] bPXS [Pbc CWdabSPh bWT f^d[S ]TeTa [Tc P]hcWX]V Wdac WTa VaP]SSPdVWcTa BWT bPhb bWT fPb SaXeX]V Pc {b]PX[ b_TTS| P]S W^[S X]V cWT RWX[Szb [TV 0dcWâXcXTb bPh cWT f^\P] c^[S _^[XRT bWT fPb VXeX]V cWT RWX[S b^\T PXa P]S [TccX]V WTa WPeT Ud] BWT UPRTb RWPaVTb Û RWX[S PQdbT CWT RWX[S Xb QPRZ fXcW WTa \^cWTa /CTCVJQP (NC #2

.BO BDDVTFE PG USZJOH UP SPC XJUI FNQUZ CPY 2WPa[Tbc^] _^[XRT bPXS P \P] caXTS c^ a^Q P \êXT aT]cP[ bcâT fXcW P] d]dbdP[ fTP_^] P] T\_ch RWTTbTRPZT Q^g CWT bdb_TRc _[PRTS cWT Q^g ^] cWT R^d]cTa Û cWT <êXT 6P[[Tah [Pbc fTTZ fXcW P ]^cT bPhX]V Xc R^]cPX]TS P Q^\Q 7T c^[S cWT R[TaZ cWT Q^\Q f^d[S QT STc^]PcTS aT\^cT[h XU WT fPb]zc VXeT] RPbW CWT R[TaZ aTUdbTS P]S cWT bdb_TRc U[TS ?^[XRT PaaTbcTS #" hTPa ^[S ?Pd[ ?PaaXbW 88 Û 2WPa[Tbc^] [Pbc FTS]TbSPh BVc 0Pa^] 9P\Tb bPXS ?PaaXbW P[[TVTS[h R^]UTbbTS PUcTa WT fPb bW^f] P bcâT eXST^ Û cWT PccT\_cTS a^QQTah ?PaaXbW P[ [TVTS[h c^[S _^[XRT WT ]TTSTS \^]Th Uâ VPb P]S RXVPaTccTb ?PaaXbW Xb RWPaVTS fXcW UXabc STVaTT a^Q QTah 7Tzb QTX]V WT[S Pc B^dcW 2T]caP[ ATVX^]P[ 9PX[ P]S S^Tb]zc hTc WPeT P] Pccâ]Th %JCTNGUVQP 9 8C #2

CM Y K