• Nem Talált Eredményt

$] DQDOLWLNXV pV D )HOOHJIpOH PXQNDP YHOHWL FLNOXVLG PyGV]HUUHO NLV]iPtWRWW PXQNDLG

V]NVpJOHWHWDPRGHOOJD]GDViJEDQW|EEV]|UPXQNDQDSIHOYpWHOH]pVVHOHOOHQ UL]WHP

$IHQROyJLDLIi]LVRNUDDODSR]RWWPXQNDV]HUYH]pVLPRGHOO

$] OWHWYpQ\HNEHQ YpJ]HWW PXQNDP YHOHWHN V]HUYH]pVpQpO QpONO|]KHWHWOHQ D KiOyGLDJUDP

NpV]tWpVpQpO LV DONDOPD]RWW D IHQROyJLDL Ii]LVRNUD pStWHWW PXQNDP YHOHWL V]HPOpOHW (] D

PHJN|]HOtWpVOpQ\HJpEHQHOWpUD&ViNLiOWDOEHPXWDWRWWORJLNDLWHUYW OPHUWV]LJRU~DQD

IHQROyJLDLIi]LVRNLG WDUWDPiKR]pVDMHOHQOHJDONDOPD]RWWWHFKQROyJLiNUDDODSR]$IHQROyJLDL

Ii]LVRN KRVV]D pV D N|]EHQ HOYpJ]HQG PXQNiN LG LJpQ\HVVpJH VRUUHQGLVpJH D YiUDNR]iVL

LG NEHWDUWiViYDOV]HUYH]pVLOHKHW VpJHNHWGHQHKp]VpJHNHWLVRNR]KDW

$ V] O OWHWYpQ\HN PXQNiLQDN V]HUYH]pVpQpO D SRQWEDQ PHJiOODStWRWWDNEyO NLLQGXOYD D

WHUPHV]WHWW Q|YpQ\ IHQROyJLDL Ii]LVDLW DODSXO YpYH DODNtWMXN NL D] H]HNKH] NDSFVROyGy

EHDYDWNR]iVRNDW PXQNDP YHOHWHNHW $ PXQNDP YHOHWHN DONDOPD]NRGQDN D P YHOpVL

PyGKR]DWpUiOOiVKR]pVDWHFKQROyJLiEDQPHJIRJDOPD]RWWV]DNPDLLJpQ\HNKH]LV

$ UHiOIRO\DPDWRN WHUYH]pVH VRUiQ D] HVHWL NRQNUpW LG MiUiVL WpQ\H] N LVPHUHWpQHN KLiQ\iEDQ

W|EEPyGR]DWRWDOWHUQDWtYiWLVNLGROJR]KDWXQNPHO\DGRWWLG MiUiVHVHWpQVHJtWVpJQNUHOHV]D

PXQNDIRO\DPDWRN PXQNDP YHOHWHN YpJUHKDMWiVD VRUiQ $] DJURPHWHUROyJLDL WpQ\H] N H]HQ

NHUHV]WO QHP FVDN D] DJURWHFKQLNDL N|YHWHOPpQ\HNHW KDWiUR]]iN PHJ KDQHP NLKDWQDN D]

DJURWHFKQLNDLKDWiULG NNH]GpVLpVEHIHMH]pVLLG SRQWMiUDLV

+iURPDODSYHW PyGR]DWRWPXQNDV]HUYH]pVLPRGHOOWNpV]tWKHWQN

6]iUD]LG MiUiVUDDPHO\NRUDLWDYDV]RGiVW

NHYpVpVHJ\HQHWOHQFVDSDGpNRW

IRUUyQ\DUDWDODFVRQ\UHODWtYSiUDWDUWDOPDWOpJN|ULDV]iO\WMHOHQW

2SWLPiOLVLG MiUiVUDDPHO\ RSWLPiOLVWDYDV]RGiVW

NHGYH] DJURPHWHRUROyJLDLIHOWpWHOHNHW

HJ\HQOHWHVNLHOpJtW FVDSDGpNPHQQ\LVpJHWMHOHQW

&VDSDGpNRVLG MiUiVUDDPHO\

NpV QpUNH] WDYDV]

DYHJHWiFLyVRUiQV U QMHOHQWNH] QDJ\PHQQ\LVpJ FVDSDGpNRW

K Y|VQ\DUDWPDJDVUHODWtYSiUDWDUWDOPDWHUHGPpQ\H]

$KiURPLG MiUiVLYiOWR]DWUDMHOOHP] DGDWRNDWDV]iP~PHOOpNOHWEHQKHO\H]WHPHO

$ERUV] O WHUPHOpVEHQDN|YHWNH] KpWIHQROyJLDLIi]LVWNO|QE|]WHWKHWMNPHJ

Q\XJDOPLLG V]DN

UJ\IDNDGiV

KDMWiVQ|YHNHGpV

YLUiJ]iV

WHUPpVN|W GpV

IUW]iUyGiVQ|YHNHGpV

]VHQGOpVpUpV

(]HN D IHQROyJLDL Ii]LVRN PLQGHQ IDMWiUD WHUP WiMUD pV LG MiUiVL IHOWpWHOHNUH YDOy WHNLQWHWWHO

HOWpU LG SRQWEDQpVNO|QE|] LG WDUWDPEDQMHOHQWNH]QHN$PXQNDV]HUYH]pVV]HPSRQWMiEyO

D] D OpQ\HJHV KRJ\ D] DGRWW IHQROyJLDL LG V]DNEDQ D V]NVpJHV PXQNiNDW VRUUHQGLVpJN

ILJ\HOHPEHYpWHOpYHO D YiUDNR]iVL LG N EHWDUWiViYDO pV NDSDFLWiVLJpQ\NQHN PHJIHOHO HQ D]

DJURPHWHRUROyJLDL LVPHUHWHN D OHGROJR]KDWy PXQNDyUiN V]iPiQDN pV D] HJ\ QDSRQ EHOO D

PXQNDYpJ]pVUHDONDOPDVLG V]DNNLYiODV]WiViQDNILJ\HOHPEHYpWHOpYHONHOOHOYpJH]QL

$]HJ\HVIHQROyJLDLIi]LVRNDWLG MiUiVIJJ VpJNPHOOHWWIDMWiUDWHUP WiMUDWDODMWtSXVUDYDOy

WHNLQWHWWHOV]DNDV]ROQXQNNHOO$]RODV]UL]OLQJIDMWiWDWHUP WiMRQNLDODNXOWPDJDVDUiQ\DPLDWW

YiODV]WRWWDP 2SWLPiOLV YLV]RQ\RN N|]|WW D %DODWRQIHOYLGpNHQ D] RODV]UL]OLQJ IDMWiQiO

PXQNDV]HUYH]pVLV]HPSRQWRNILJ\HOHPEHYpWHOpYHODIHQROyJLDLIi]LVRNDN|YHWNH]

LG KDWiURNNDOWHUYH]KHW N

Q\XJDOPLLG V]DN ORPEKXOOiVWyOiSULOLVLJ

UJ\IDNDGiVWyOOHYHOHViOODSRWLJ iSULOLVPiMXVN|]|WW

KDMWiVQ|YHNHGpVDYLUiJ]iVLJ PiMXVPiMXVN|]|WW

YLUiJ]iV PiMXVM~QLXVN|]|WW

WHUPpVN|W GpVW ODIUW]iUyGiVLJ M~QLXVM~QLXVN|]|WW

IUW]iUyGiVQ|YHNHGpVD]VHQGOpVLJ M~OLXVDXJXV]WXVN|]|WW

]VHQGOpVpUpV DXJXV]WXVRNWyEHUN|]|WW

$KpWIHQROyJLDLIi]LVpVD]D]RNKR]WDUWR]yPXQNDP YHOHWHNPXQNDLG V]NVpJOHWpWWpWHOHVHQ

HOHP]HP pV WHUYH]HP D KiOyGLDJUDPRN WtSXViQDN PHJIHOHO HQ $ NXWDWiVRN VRUiQ NLDODNtWRWW

QRUPDWtY pUWpNHN IHOKDV]QiOiViYDO PXQNDP YHOHWHQNpQW V]iPtWRWWDP NL D] DGRWW OWHWYpQ\

PXQNDLG V]NVpJOHWpW D Np]L pV JpSL NDSDFLWiV LJpQ\pW0LYHODSpOGiEDQYiODV]WRWWIDMWDD]

HOWpU P YHOpVL PyGRN pV D] DGRWW WHUP WiM HVHWpQ YH]HWHP YpJLJ D PXQNDLG V]NVpJOHWL

pUWpNHNHWtJ\DNDSRWWDGDWRNDP YHOpVLPyGRN|VV]HKDVRQOtWKDWyViJiWEL]WRVtWMiN

$] HOV IHQROyJLDL Ii]LVD V] O QpO D Q\XJDOPL LG V]DN DPHO\ HJ\EHQ D OHJKRVV]DEE

IHQROyJLDLIi]LV$YHVV] NEHpUpVpWDORPEKXOOiVWN|YHW HQNH]G GLNpVWDUWDUJ\IDNDGiVLJ

.|]EHQ |W PXQNDP YHOHW HOYpJ]pVpW NHOO PHJROGDQL PHO\HN VRUUHQGLVpJH V]DNPDL ORJLNDL

~WRQG|QWKHW HO

$ Q\XJDOPL LG V]DN HJ\LN OHJMHOHQW VHEE PXQNDP YHOHWH DPHWV]pV(OYpJ]pVpUH KRVV]~

LG V]DN iOO UHQGHONH]pVUH $ WHOMHV IHQROyJLDL Ii]LVRQ EHOO D]RQEDQ D] RSWLPiOLV LG V]DN

HONO|QtWKHW $]RSWLPiOLVPHWV]pVLLG DNRUDWDYDV]LLG V]DNDPLNRUPiUMREED]LG MiUiV

KRVV]DEE P V]DNRNV]HUYH]KHW NpVDWpOLIDJ\NiURNR]WDYHVV] HOKDOiVRNLVNRUULJiOKDWyDN

$PHWV]pVPXQNDP YHOHWpQpONHOOpVOHKHWILJ\HOHPEHYHQQLD]WD]DODSYHW V]DNPDLHOYiUiVW

PHO\V]HULQWD]OWHWYpQ\HJ\HGLNH]HOpVWLJpQ\HO$]OWHWYpQ\LVPHUHWpEHQDV]DNPDLpVSLDFL

SR]tFLyN ILJ\HOHPEHYpWHOpYHO NHOO D UJ\WHUKHOpVW DODNtWDQL $ NpV EEL PXQNDP YHOHWHN

W|EEVpJHD]HJ\HGLNH]HOpVKHO\HWWDW|PHJNH]HOpVUHYRQDWNR]yLVPpUYHNHWYHV]LIHO

$ PHWV]pV PXQNDP YHOHWpW P YHOHWHOHPHNUH RV]WRWWDP pV DKKR] HOHPHQNpQW PHJKDWiUR]RWW

LG NHWUHQGHOYHDODNtWRWWDPNLHJ\HJ\W NHQRUPDWtYPXQNDLG V]NVpJOHWLpUWpNpW$PpUpVL

QHKp]VpJHNHW D] RNR]WD KRJ\ D PXQNDP YHOHWL HOHPHN |VV]HIRO\QDN QHKH]HQ

HOKDWiUROKDWyDNGHDV]DNPDLSUHFL]LWiVPHJN|YHWHOLKRJ\QHNHUOMHQHNHOKDJ\iVUD

$ PHWV]pVHQ EHOOL PXQNDP YHOHWHOHPHN D N|YHWNH] N V]HPUHYpWHOH]pV WLV]WtWiV WHUP

NpSOHWHNNLDODNtWiVDOHYiJRWWKDMWiVRNHOWiYROtWiVDUJ\WHUKHOpVWHOOHQ U] V]HPUHYpWHOH]pV$

OHtUW PXQNDP YHOHWHOHPHNE O OiWV]LN D PXQND ERQ\ROXOWViJD (QQHN HOOHQpUH QRUPDWtY LG W

NHOOHWWNLDODNtWDQL$]2ODV]UL]OLQJHVHWpEHQHJ\HJ\W NHPHWV]pVpQHNLG V]NVpJOHWH

D]HJ\HVIJJ|Q\QpO SHUF

DV\OYR]P YHOpVLPyGQiO SHUF

ËJ\WHKiWP[PHVWpUiOOiVHVHWpQ

HJ\HVIJJ|Q\P YHOpVLPyGPHOOHWW[SHUF PXQNDyUDKD

V\OYR]P YHOpVLPyGQiO[SHUF PXQNDyUDKD

P[PHVWpUiOOiVEDQ

HJ\HVIJJ|Q\QpO[SHUF PXQNDyUDKD

V\OYR]QiO[ PXQNDyUDKD

V]NVpJHVDPHWV]pVKH]

/iWKDWy KRJ\ HJ\ KHNWiU PHWV]pV PXQNDLG V]NVpJOHWH D P YHOpVL PyG pV D W NHV]iP

IJJYpQ\pEHQ YiOWR]LN $ P YHOpVL PyG YiOWR]iViYDO D] HJ\HV W NpN iWWHNLQWKHW VpJH pV D

PHWV]pVLP YHOHWQRUPDWtYLGHMHLVPyGRVXO

$PHWV]pVWN|YHW HQNHOOHOYpJH]QLDQ\HVHGpNHOWiYROtWiViWDPHO\QHNPyGV]HUHDSUtWiVYDJ\

NLK~]DWiV OHKHW $ NLK~]iV PXQNDLG V]NVpJOHWL pUWpNH SHUFKD GH N|]HO D]RQRV

LG V]NVpJOHWLpUWpNNHOEtUD]DSUtWiVLV

$WiPEHUHQGH]pVMDYtWiVDDIDJ\PHQWHVLG V]DNEDQDPHWV]pVHOYpJ]pVHXWiQHJ\V]HU EEpV

N|QQ\HEE GH D OHN|WpVL PXQNiODWRNDW PHJHO ]YH NHOO HOYpJH]QQN 1RUPDWtY LG LJpQ\H

QHKH]HQ V]iPtWKDWy LQNiEE HPSLULNXV ~WRQ KDWiUR]KDWy PHJ (J\HVIJJ|Q\QpO

PDJDVNRUGRQQiOyUDpYKDpUWpNNHOV]iPROWDP

$ W|U]V pV D V]iOYHVV] N|W|]pVpWD PHWV]pVW N|YHW HQ D UJ\IDNDGiVW PHJHO ] HQ NHOO

HOYpJH]QL 0XQNDLG V]NVpJOHWH W NpQNpQWL SHUF QRUPDWtY LG pUWpNNHO V]iPtWYD D

NpWP YHOpVLPyGQiOHJ\IRUPiQyUDKDpY

$WiSDQ\DJYLVV]DSyWOiVNpWI PyGR]DWiWYiODV]WKDWMXN

DV]HUYHVWUiJ\i]iVWpV

DP WUiJ\i]iVW

$ V]HUYHVWUiJ\i]iVVDO QHP SyWROKDWy PDNURHOHPLJpQ\ IHGH]pVH pUGHNpEHQ P WUiJ\i]XQN$

V]HUYHVWUiJ\i]iV KiURPQpJ\ pYHQWH MHOHQWNH] IHODGDW $ V]iOOtWiVW QHP V]iPtWYD D WUiJ\D

EHKRUGiV KHNWiURQNpQW JpSL yUiW pV Np]L PXQNDyUiW LJpQ\HO $ Q\XJDOPL LG V]DNEDQ

NpV VV]HOpVWDYDVV]DOLVYpJH]KHW $] V]LDMREELG SRQW'y]LVDWRQQDKD

$ P WUiJ\i]iV pYHQWH MHOHQWNH] WHYpNHQ\VpJ $ V] O WHUPpV V]LQWMpKH] pV D WDODM WiSDQ\DJ

V]ROJiOWDWyNpSHVVpJpKH]LJD]tWYDKDWiUR]]XNPHJDP WUiJ\DGy]LVWNJIUWWHUPpVKH]pV

DKR]]iWDUWR]yYHVV] WHUPpVKH]

1NJ3 2NJ. 2NJ

V]NVpJHV GH D NLMXWWDWiVNRU YHJ\N ILJ\HOHPEH KRJ\ D QLWURJpQ D D IRV]IRU

D D NiOL D KDV]QRVXO 0XQNDLG V]NVpJOHWL pUWpNH N|]pSPpO\OD]tWyV

P WUiJ\i]yYDONLMXWWDWYDI pVPHOOpNP YHOHWLPXQNDWtSXVHVHWpQyUDKD

$PiVRGLNIHQROyJLDLIi]LVDUJ\IDNDGiVWyOD]|WOHYHOHViOODSRWLJWDUWyLG V]DNPHO\EHQD]

HOV WDODMP YHOpV pV D] HOV Q|YpQ\YpGHOPL PXQND IRJODO KHO\HW hJ\HOQQN NHOO D VRUUHQG

FVHUpO GpVHVHWpQDPXQNDHJpV]VpJJ\LYiUDNR]iVLLG EHWDUWiViUD

$ NLV]iQWiVVDO NRPELQiOW VRUN|] NXOWLYiWRUR]iV P YHO HV]N|]H HJ\ HU VtWHWW NXOWLYiWRU

DPHO\HJ\LNROGDOiQNLV]iQWyHNpYHOYDQHOOiWYD6RUN|]|QNpQWDP YHO HV]N|]NpWV]HUPHJ\

YpJLJ (U JpSV]NVpJOHWH iOWDOiEDQ .:K WHOMHVtWPpQ\ YDJ\ DQQiO QDJ\REE

|VV]NHUpNKDMWiV~WUDNWRU0XQNDLG V]NVpJOHWH

yUDKDyUDKD

$PiVLNWDODMP YHOpVWDVRUNDSiOiVWNpWROGDOUyODNLV]iQWiVWN|YHW HQDWDODMNLV]iUDGiViQDN

PHJHO ]pVHpUGHNpEHQPLQpOJ\RUVDEEDQHONHOOYpJH]QL$PXQNDLG V]NVpJOHWH

yUDKD

$] SHUPHWH]pV YpJUHKDMWiVD PHJHO ]KHWL D VRUN|]P YHOpVW pV D NDSiOiVW GH DNNRU

ILJ\HOHPPHONHOOOHQQLDPXQNDHJpV]VpJJ\LYiUDNR]iVLLG UH$SHUPHWH]pVWNpWVRURQNpQW

YpJH]]N0XQNDLG V]NVpJOHWLpUWpNH

I pVPHOOpNP YHOHWLWtSXV~PXQNDIRO\DPDWHVHWpQ yUDKD

DODSP YHOHWLWtSXVHVHWpQ yUDKD

$KDUPDGLNIHQROyJLDLIi]LVDKDMWiVQ|YHNHGpVD]|WOHYHOHViOODSRWWyODYLUiJ]iVLJWDUW$NE NpWKHWHWPDJiEDIRJODOyLG V]DNUDDKDMWiVYiORJDWiVpVDEHI ]pVP YHOHWHHVLNWRYiEEiD

SHUPHWH]pVWLVHONHOOYpJH]QLpVDIHOV]tQLWDODMPXQNDLVHVHGpNHVVpYiOLN

$ W|U]VWLV]WtWiV KDMWiVYiORJDWiV LOOHWYH W|U]VWLV]WtWiVIpVOpV $ PXQNDP YHOHW NpW

|VV]HWHY UHERQWYDpVHJ\WWLVHOYpJH]KHW $UUDNHOOJ\HOQLKRJ\DPLQ VpJLPXQNDYpJ]pV

PLQGNpW PyGV]HU HVHWpQ HOV GOHJHV (OHPHNUH ERQWYD D W|EE KHO\YiOWR]WDWiV PHJQ|YHOKHWL D

PXQNDP YHOHWHN |VV]HJ]HWW PXQNDLG V]NVpJOHWpW D PXQNDP YHOHWHOHPHN |VV]HYRQiVD

PLQ VpJLSUREOpPiNDWRNR]KDW0XQNDLG V]NVpJOHWLpUWpNH

yUDKDLOOHWYHyUDKD

$ SHUPHWH]pV D YLUiJ]iVW PHJHO ] HQ PiMXV N|]|WW KRVV]DEE KDWiVWDUWDP~

IHOV]tYyGyV]HUHNNHOW|UWpQLN0XQNDLG V]NVpJOHWLpUWpNH

I pVPHOOpNP YHOHWWtSXV~PXQNDP YHOHWHVHWpQyUDKD

DODSP YHOHWLWtSXV~PXQNDP YHOHWHVHWpQ yUDKD

$PiVRGLNIHOV]tQLWDODMPXQNDDNHO J\RPRNHOOHQLYpGHNH]pVpUGHNpEHQW|UWpQLNHV]N|]H

OHKHW D WiUFVDVLPtWyYDO YDJ\ D] HU VtWHWW NXOWLYiWRU NDSFVROWVLPtWyYDO0XQNDLG V]NVpJOHWL

pUWpNH

yUDKD

$QHJ\HGLNIHQROyJLDLIi]LVDQ|YpQ\pVDWHUPpVNLDODNXOiVDV]HPSRQWMiEyOQDJ\RQOpQ\HJHV (]D]D]LG V]DNDPHO\RSWLPiOLVLG MiUiVHVHWpQHJ\HJ\IDMWiQiOQDSDODWWOH]DMOLNtJ\

KDOHKHWHUUHD]LG V]DNUDPXQNiNDWV]HUYH]QLQHPV]NVpJHVpVV]DNPDLODJVHPLQGRNROW$

QpSL PRQGiV V]HULQW Ä9LUiJ]iV LGHMpQ D V] O EH PpJ LPiGNR]QL VHP V]DEDG EHPHQQL´

$PHQQ\LEHQ D YLUiJ]iV HOK~]yGLN YRQWDWRWWi YiOLN tJ\ D NLVHEE URVV] HOYH DODSMiQ D

SHUPHWH]pVWQHPV]DEDGNpVOHOWHWQL

$] |W|GLN IHQROyJLDL Ii]LV D WHUPpV N|W GpVW O D IUW]iUyGiVLJ WHUMHG LG V]DNRW IRJODOMD PDJiEDQ pV LQWHQ]tY KDMWiVQ|YHNHGpVVHO MiU HJ\WW $] LG V]DNUD MHOOHP] KRJ\ HUUH D

QDSUDNpWSHUPHWH]pVpVDILWRWHFKQLNDLPXQNiODWRNN|]ODIpVOpVpVW|U]VWLV]WtWiVLOOHWYHD

KDMWiVEHI ]pVpVW|U]VWLV]WtWiVHVLN

$ SHUPHWH]pVD WHUPpV V]HPSRQWMiEyO HOV GOHJHV $ NRUDL IUWSHURQRV]SyUD pV D V]UNH

URWKDGiV NLDODNXOiVD HUUH D WHUPpV PHQQ\LVpJL EL]WRQViJD PLDWW OpQ\HJHV LG V]DNUD HVLN $

NyURNR]yNHOOHQIHOV]tYyGyV]HUHNNHOYpGHNH]QNpVDV] O PRO\HOV JHQHUiFLyMiQDNYiUKDWy

PHJMHOHQpVHPLDWWD]LQV]HNWLFLGDONDOPD]iVDLVLQGRNROW$SHUPHWH]pVPXQNDLG V]NVpJOHWL

pUWpNH

yUDKDLOOHWYHyUDKD

N|UODODNXO

$] LQWHQ]tY KDMWiVQ|YHNHGpV PLDWW D IpVOpV pV D KDMWiVEHI ]pV YiOLN HVHGpNHVVp

W|U]VWLV]WtWiVVDONRPELQiOYD0XQNDLG V]NVpJOHWLpUWpNH

yUDKDLOOHWYHyUDKD

pUWpNHNN|]|WWYiOWR]KDW

$ SHUPHWH]pV M~QLXV YpJpQ D IUW]iUyGiVLJ HVHGpNHV ,O\HQNRU D ORPEIHOOHW LV QDJ\

LQWHQ]LWiVVDO J\DUDSV]LN WRYiEEi D SHUPHWH] V]HUHN V]iPiUD D IUW|N LV MyO KR]]iIpUKHW HN

tJ\KDWpNRQ\YpGHOHPROGKDWyPHJ

0XQNDLG V]NVpJOHWL pUWpNH PHJHJ\H]LN D] HO ] HNEHQ IRJODOWDNNDO GH D SHUPHWOp Gy]LVD

HNNRUDOHJQDJ\REEH]pUWHQQHNKDWiVDYDQDNLYLWHO]pVLLG UH$Yt]V]iOOtWiVpVDW|OWpVLLG LV

Q 0XQNDLG V]NVpJOHWH

I pVPHOOpNP YHOHWWtSXVHVHWpQ yUDKD

DODSP YHOHWLWtSXVDNLMXWWDWiVQiO yUDKD

$KDWRGLNIHQROyJLDLIi]LVDIUW]iUyGiVWyOD]VHQGOpVLJWDUWyPLQWHJ\QDSRVLG V]DN(]

D] LG V]DN D] RODV]UL]OLQJ IDMWD HVHWpQ D WHOMHV M~OLXV KyQDS pV D] DXJXV]WXV HOV IHOH $

SHUPHWH]pVHNQpO iWWpUQN D NHYpVEp N|OWVpJHV NRQWDNW KDWiV~ V]HUHNUH $ J\RPRN HOOHQL

YpGHNH]pVpVDFVRQNi]iVLVHUUHD]LG V]DNUDHVLN

$]SHUPHWH]pVDOLV]WKDUPDWpVDSHURQRV]SyUDHOOHQLYpGHNH]pVUH|VV]SRQWRVtW0XQNDLG

V]NVpJOHWLpUWpNHpVGy]LVDPHJHJ\H]LNDQHJ\HGLNEHDYDWNR]iVQiOOHtUWDNNDO

yUDKDLOOHWYH

yUDKD

$FVRQNi]iV PXQNDP YHOHWH M~OLXV GHNiGMiUD HVLN $] LQWHQ]tY KDMWiVQ|YHNHGpV HUUH D]

LG V]DNUD EHIHMH] GLN LOOHWYH D KDMWiVFV~FVRN HOWiYROtWiViYDO D V] O W D IUW LQWHQ]tYHEE

IHMOHV]WpVpUH DNDUMXN VDUNDOQL $ IHOHVOHJHV KDMWiVFV~FVRN HOWiYROtWiVD QHP OHKHW GUDV]WLNXV

WHKiW QHP RNR]KDW W~O]RWW ORPEIHOOHW FV|NNHQpVW $ PXQNDP YHOHW QHP LJpQ\HO W~O QDJ\

V]DNWXGiVW pOHV QDJ\ IHOOHWHW NH]HOQL WXGy YiJyV]HUNH]HWWHO QDJ\ WHOMHVtWPpQ\ pUKHW HO $

JpSLFVRQNi]iVLVHOWHUMHGW(XUySiEDQ.p]LPXQNDLJpQ\H

yUDKD

$ FVRQNi]iVW N|YHWL NRQWDNW KDWiV~ V]HUHNNHO D SHUPHWH]pV /HJMREE N|]YHWOHQO D

FVRQNi]iV XWiQ HOYpJH]QL PLYHO D NHOHWNH]HWW YpGWHOHQ VHEIHOOHWHN NH]HOpVpW J\yJ\XOiViW

HO VHJtWL ,G SRQWMD M~OLXV XWROVy QDSMDLUD HVLN %iU Gy]LVD D NLVHEE ORPEIHOOHW PLDWW GH

FVDNQHP MHOHQWpNHQ\ PpUWpNEHQ FV|NNHQWKHW 0XQNDLG V]NVpJOHWL pUWpNH FVDN NLV

PpUWpNEHQFV|NNHQ

I pVPHOOpNP YHOHWLWtSXVHVHWpQ yUDKD

DODSP YHOHWLWtSXVHVHWpQ yUDKD

$ FVRQNi]iV N|UOL LG V]DNEDQ D VRUN|]P YHOpVW D PiU LVPHUWHWHWW HV]N|]|NNHO

PHJHU VtWHWW NXOWLYiWRU ROGDOW HOKHO\H]HWW HNpYHO D J\RPRN OHIRMWiVD pUGHNpEHQ NHOO

PHJROGDQL +D OHKHWVpJHV I OHJ D GRPEYLGpNL OWHWYpQ\HN HVHWpQ D Q\iUL LQWHQ]tY HV ]pV

RNR]WDHUy]LyVNiURNHONHUOpVHpUGHNpEHQD]WDPHQQ\LUHOHKHWNLNHOOWROQLD]LG SRQWMiW$

WDODMV]HUNH]HWHWURPEROyP YHO HV]N|]|NPHOO ]pVHLQGRNROWSOWiUFVDWDODMPDUy0XQNDLG

V]NVpJOHWLpUWpNH

yUDKD

$ KHWHGLN IHQROyJLDL Ii]LV D ]VHQGOpVW O D] pUpVLJ WHUMHG LG V]DN (] HJ\

PXQNDP YHOHWHNW OPHQWHVLG V]DNNDONH]G GLN$Q|YpQ\YpGHOPLPXQNiODWRNEHIHMH] GWHN

D ILWRWHFKQLNDL P YHOHWHN OH]DMORWWDN DXJXV]WXV YpJpQ D V]UHWUH YDOy IHONpV]OpV MHJ\pEHQ D

VRUN|]P YHOpVW N|YHW HQ VRUNDSiOiVW NHOO YpJH]QL 0DMG D] OWHWYpQ\ U]pVH MHOHQWNH]LN

DPHO\QHNDV]UHWYHWYpJHW

$VRUN|]P YHOpVHV]N|]HD]HU VtWHWWNXOWLYiWRUROGDOWHOKHO\H]HWWNLV]iQWyHNpYHOHVHWOHJ

N|]HOtW HNHDONDOPD]iViYDO0XQNDLG V]NVpJOHWLpUWpNH

yUDKD

$V]UHWD]pUpVLLG V]DNPXQNDP YHOHWH,G SRQWMiWDERUiV]DWLLJpQ\HNILJ\HOHPEHYpWHOpYHO

NHOO PHJKDWiUR]QL )DMWiNWyO IJJ HQ HOWpU LG SRQWEDQ ]DMOLN OH DPLW D IDMWDV]HUNH]HW

NLDODNtWiViQiO LV FpOV]HU ILJ\HOHPEH YHQQL /HJW|EE HVHWEHQ QHP D PD[LPiOLV

FXNRUSURGXNWXPRW EL]WRVtWy ELROyJLDLODJ pUHWW IUW|NHW WDNDUtWMXN EH KDQHP D] ~Q

WHFKQROyJLDL pUHWWVpJL VWiGLXPEDQ D My FXNRUSURGXNWXP PHOOHWW D NLW Q IDMWiUD MHOOHP] t]

pV]DPDWDQ\DJRNDWEL]WRVtWyiOODSRWEDQV]UHWHOQN

$] 2ODV]UL]OLQJ IDMWiQiO yUDKD WRQQD yUiV PXQNDQDS D V]HGpVL PXQNDP YHOHW

LG V]NVpJOHWH$MiUXOpNRVPXQNiNWiOFi]iVSXWWRQ\R]iVLG LJpQ\HyUDKDWRYiEEiJpSL

NDSDFLWiVLJpQ\NpQW yUDKD MHOHQWNH]LN $ SXV]WD IHOVRUROiVEyO LV OiWKDWy KRJ\ D V]UHW D

OHJQDJ\REENDSDFLWiVLJpQ\ PXQNDIRO\DPDW

$ QDSWiUL pY XWROVy PXQNDP YHOHWH D] VRUN|]P YHOpV PHO\HW NODVV]LNXV pUWHOHPEHQ

EHV]iQWiVQDNQHYH]QN$WDNDUiVWHNpYHOLOOHWYHN|]pSPpO\P YHOpVWYpJ] NXOWLYiWRUUDOpV

HJ\ROGDOW HOKHO\H]HWW HNHIHMMHO OHKHW HOYpJH]QL $ PXQNDP YHOHW D Q\XJDOPL LG V]DNEDQ D

QDSWiULpYYpJpQMHOHQWNH]LN

$ ERUV] O WHUPHV]WpV pYHV JpSL pV Np]L PXQNDLG V]NVpJOHWL pUWpNHLW D] WiEOi]DWEDQ

IRJODOWDP |VV]H DKRO WiEOi]DWEDQ D NpW I P YHOpVL PyG pUWpNHL MHOHQWNH]QHN D IHMH]HWEHQ

UpV]OHWH]HWWHNV]HULQWMHOHQWNH]QHN

$ WiEOi]DWEDQ IHOW QWHWHWW DGDWRN UpV]EHQ LURGDOPL DGDWRNNDO LV DOiWiPDV]WKDWyN PiVUpV]W

D]RNNDO QHP HJ\H] IRUUiVPXQNiNNDO LV WDOiONR]KDWXQN ',(75,&+67(,1

NtVpUOHWpEHQ D PDJDVNRUGRQ P YHOpVQpO yUD D] HJ\HVIJJ|Q\ P YHOpVQpO YLV]RQW FVDN

yUDPXQNDLG V]NVpJOHWLpUWpNHWHPOtWKHNWiURQNpQW

$]DGDWRNIHOWpWHOH]KHW HQDKD]DLWyOHOWpU JpSHVtWHWWVpJE ODGyGQDNKLV]HQD]HJ\HVIJJ|Q\

PXQNDyUiMDDPRGHOO]HPLHUHGPpQ\HNDODSMiQ[WpUiOOiVHVHWpQFVDNDPHWV]pVUH

pV D V]UHWUH HOHJHQG *pSL V]UHWHW IHOWpWHOH]YH D VDMiW DGDWRNKR] N|]HOL Np]L PXQNDLG

V]NVpJOHWHWPXWDWQDND]LGp]HWWV]HU] DGDWDLLV

$] WiEOi]DW MyO V]HPOpOWHWL D P YHOpVL PyGEyO pV D W NHV]iPEyO DGyGy NO|QEVpJHNHW

KLV]HQ D EHPXWDWRWW QpJ\ YiOWR]DW NpW V]pOV pUWpNH N|]|WW D PXQNDLG V]NVpJOHW RV

HOWpUpVW PXWDW (QQHN N|OWVpJ pV HUHGPpQ\YRQ]DWD D] HJpV] pYHV PXQND KDWpNRQ\ViJiW LV

MHOHQW VHQEHIRO\iVROMD

$]WiEOi]DWEDQIHOWQWHWHWWPXQNDLG V]NVpJOHWLpUWpNHNHOWpUpVHLWEL]RQ\RV|VV]HYRQiVRN

XWiQDiEUiEDQEHPXWDWRWWN|UGLDJUDPRNVHJtWVpJpYHOLVHOHPH]KHWMN(]DODSMiQ

$] HJ\HVIJJ|Q\ P YHOpVL PyG PLQGNpW WpUiOOiVEDQ NLVHEE PXQNDLG V]NVpJOHWHWWHO

MHOHQWNH]LNPLQWDPDJDVNRUGRQ

$ ILWRWHFKQLNDL PXQNDP YHOHWHN LG LJpQ\HVVpJH LG LQWHUYDOOXPiQDN EHKDWiUROW YROWD D]W

LJD]ROMD KRJ\ D] HJ\HVIJJ|Q\ KDVRQOy WpUiOOiV PHOOHWW NDO NHYHVHEE PXQNDLG

UiIRUGtWiVWLJpQ\HOPLQWDPDJDVNRUGRQ

$ PHWV]pV PXQNDLG V]NVpJOHWpW D WpUiOOiV YiOWR]iViEyO DGyGy W NHV]iP HPHONHGpV PHJQ|YHOL WRYiEEi D] HJ\HVIJJ|Q\ PHWV]pVH QDJ\REE PXQNDLG V]NVpJOHWL pUWpNHW

PXWDWPLQWDPDJDVNRUGRQ

$ Q\XJDOPL LG V]DN PXQNiODWDLW PHWV]pV WiPEHUHQGH]pV MDYtWiV N|W|]pV D IHOWQWHWHWW

VRUUHQGEHQ YL]VJiOYD yUDKD yUDKD yUDKD

yUDKD pUWpNHNHW NDSXQN 0HJiOODStWKDWy KRJ\ D Q\XJDOPL LG V]DNEDQ PLQW

PXQNDyUiEDQ PLQW V]i]DOpNRVDQ D] HJ\HVIJJ|Q\ D PHWV]pV LG LJpQ\HVVpJpE O

N|YHWNH] HQQDJ\REEHOIRJODOWViJRWMHOHQWGHHEEHQD]LG V]DNEDQD]DGRWWWHYpNHQ\VpJHN

MyOHOYpJH]KHW HN

WiEOi]DW

0XQNDLG V]NVpJOHWYiOWR]iVDHOWpU WpUiOOiVpVP YHOpVPyGHVHWpQ

2ODV]UL]OLQJIDMWiQiORSWLPiOLVLG MiUiVLIHOWpWHOHNPHOOHWW

$ ILWRWHFKQLNDL PXQNDP YHOHWHN LG LJpQ\HVVpJH pV V] N LG LQWHUYDOOXPD D]W MHOHQWL KRJ\

KDVRQOy WpUiOOiV PHOOHWW D] HJ\HVIJJ|Q\ NDO NHYHVHEE PXQNDLG UiIRUGtWiVW LJpQ\HO

PLQW D PDJDVNRUGRQ +R]]i NHOO WHQQL KRJ\ D PDJDVNRUGRQ P YHOpVPyGQiO D ILWRWHFKQLNDL

P YHOHWHN D Q|YpQ\YpGHOPL IRUGXOyNKR] LJD]tWYD QHP LV W UQHN KDODV]WiVW )RNR]RWWDQ

pUYpQ\HVH]DWpQ\DVRUWiYROViJFV|NNHQWpVHHVHWpQ

$ V]UHW D OHJQDJ\REE PXQNDFV~FV PHO\QHN LG EHQ pV My PLQ VpJEHQ W|UWpQ HOYpJ]pVH D

YpJWHUPpN PLQ VpJpQHN JDUDQFLiMiW MHOHQWL $ V]UHW PXQNDLG V]NVpJOHWL pUWpNH D WpUiOOiV

YiOWR]iViYDO MiUW HJ\WW $ V]UHWL PXQNDP YHOHW LG LJpQ\H VRNNDO pU]pNHQ\HEE D

ILWRWHFKQLNDLPXQNiODWRNHOYpJ]pVpQHNPLQ VpJpUHDWHUPpViWODJUDWRYiEEiQDJ\REEHOWpUpVW

RNR]KDW D IDMWD IUWQDJ\ViJD V]UHWHOKHW VpJH D WHUPpVJ\ MWpV PyGV]HUH D V]UHWHO N

J\HVVpJHPLQWDP YHOpVPyGEHOLHOWpUpVUH

$ WiEOi]DW WDQ~ViJD V]HULQW D WpUiOOiV FV|NNHQWpVH pV D P YHOpVPyG NO|QE|] VpJH D]

pO PXQND KDWpNRQ\ViJiW LV PHJYiOWR]WDWMD ,JD] KRJ\ D FpO D MREE PLQ VpJ PLQpO NLVHEE

W NHWHUKHOpV PHOOHWWL D WHUPpVEL]WRQViJ IRNR]iViYDO W|UWpQ HOpUpVH GH PHOOHWWH VDMQiODWRVDQ

pU]pNHOKHW D] HJ\ yUD PXQNDLG UH HV YpJWHUPpN PHQQ\LVpJpQHN D PXQND

WHUPHOpNHQ\VpJpQHNFV|NNHQpVH$]WiEOi]DWV]HULQWLHOWpU P YHOpVPyGpVWpUiOOiVPHOOHWW

HUUHDN|YHWNH] pUWpNHNHWNDSMXNNJyUD

$KiOyWHUYH]pVOHKHW VpJHDERUV] O WHUPHV]WpVEHQ

$ KiOyWHUYH]pV D] OWHWYpQ\HN PXQNiLQDN WHUYH]pVpQpO DONDOPD]KDWy WHUYH]pVL PyGV]HU (]W

EL]RQ\tWMDKRJ\D]DVpYHNYpJpQD3pFVLÈ*EDQ.29È&6HWDODIRO\DPDWRV

DONDOPD]iViQDN N|YHWNH]WpEHQ MHOHQW V N|OWVpJPHJWDNDUtWiV PLQ VpJMDYXOiV pV

HUHGPpQ\Q|YHNHGpV PXWDWNR]RWW $ KiOy D] HJ\HV PXQNiODWRN LG EHQLVpJpQHN pV

VRUUHQGLVpJpQHN PHJMHOHQtWpVpUH DONDOPDV $ KiOyGLDJUDPRN NpV]tWpVH VRUiQ D IHQROyJLDL

Ii]LVRN MyO HONO|QtWKHW N HJ\PiVWyO WRYiEEi D FVRPySRQWL HVHPpQ\HN OHKHW VpJHW

EL]WRVtWDQDN D PXQNDV]DNDV]RN OH]iUiViUD LV $ PHJMHOHQtWpV OHKHW VpJHW DG D WHUPHOpVL

IRO\DPDWiWJRQGROiViUD~MUDJRQGROiViUDEL]WRVtWMDD]HO NpV]tWpVWpVDWHOMHVOHERQ\ROtWiVW$

UHiOIRO\DPDWRN YpJUHKDMWiVD VRUiQ EHN|YHWNH] YiOWR]iVRNDW pV D VRUUHQGL NO|QEVpJHNHW LV

QDJ\RQMyOpU]pNHOWHWL$KiOyWHUYH]pVUHQGH]HWWHQMHOHQtWLPHJDWHQQLYDOyNDW

$ KiOyWHUYH]pVKH] V]NVpJHV PXQNDWDQL QRUPDWtY pUWpNHNHW W O NH]G G HQ pYHQ iW

PpUWHP IHO ËJ\ D PXQNDLG V]NVpJOHWL pUWpNHN DPHO\HN D NDSDFLWiVLJpQ\ V]iPtWiViKR]

V]NVpJHVHN NHOO PHJEt]KDWyViJJDO UHQGHONH]pVUH iOOQDN PLQW DKRJ\ H]W D NRUiEEDQ PiU

EHPXWDWRWW WiEOi]DW LV WDUWDOPD]]D (]HNHW D QRUPDWtY pUWpNHNHW D KiOyWHUYH]pV VRUiQ D

NRQNUpW IHODGDWRNQDN PHJIHOHO HQ D WpQ\OHJHV DGRWWViJRNKR] DGDSWiOWDQ YHWWHP ILJ\HOHPEH

3O D PHWV]pVL LG V]NVpJOHW PHJiOODStWiViQiO QHP D] HOPpOHWL W NHV]iP LG V]NVpJOHWpW

KDWiUR]WDPPHJKDQHPPLQGHQHJ\HVWiEODHVHWpEHQDWpQ\OHJHVW NHV]iPEyOLQGXOWDPNL$

IHQROyJLDL Ii]LVRNQDN pV D KiURP LG MiUiVL DGRWWViJRNQDN PHJIHOHO HQ NpV]tWHWW KiOyWHUYHN

YDOyVDODSDGDWRNUDpSOQHN

$KiOyWHUYHNNpV]tWpVpQpOILJ\HOHPEHYHWWWiEOiNPpUHWHDUDMWXNWHUPHV]WHWWV] O IDMWiMDpVD

WHOHStWpVpYHDODSMiQD]DGRWWViJXNDN|YHWNH] N

,V]iP~WiEOD KD /DNKHJ\L0p]HV

,,V]iP~WiEOD KD (]HUIUW

,,,V]iP~WiEOD KD 5L]OLQJV]LOYiQL

,9V]iP~WiEOD KD 3HV2ODV]UL]OLQJ

9V]iP~WiEOD KD ,UVDL2OLYpU

9,V]iP~WiEOD KD %DV2ODV]UL]OLQJ

KD

$] OWHWYpQ\HN V~O\R]RWW iWODJRV pOHWNRUD EHQ pY YROW (] KD NLYiJiViYDO pV

~MUDWHOHStWpVpYHOEHQpYUHYiOWR]RWW7HKiWDWHOHStWpVPpUWpNHQHPYROWHOpJVpJHVD]

iWODJpOHWNRU PHJWDUWiViKR] $KKR] KRJ\ D] DGRWW WHUOHWHQ D] iWODJpOHWNRU QH YiOWR]]pN

iWODJRVDQpYHQWHKDV] O WNHOOHQH~MUDWHOHStWHQL

$ KiOyN PHOOpNOHW NpV]tWpVH VRUiQ J\HOQQN NHOOHWW DUUD KRJ\ D] HJ\HV IDMWiN

WHUPHV]WpVpQHN |VV]HV LG V]NVpJOHWH VHP HJ\H]LN PHJ (] D] LG MiUiVL NO|QEVpJHNE O

DGyGyDQ D UHiOIRO\DPDWRN LG SRQWMD LG WDUWDPD J\DNRULViJD pV VRUUHQGLVpJH

PHOOpNOHWPLDWWPHJYiOWR]KDW(]pUWPiUDWHUYH]pVLG V]DNiEDQDPLNRUD]DGRWWpYLG MiUiVL

YLV]RQ\DLUyO PpJ QLQFV PHJEt]KDWySURJQy]LVXQND]HO ] HNEHQOHtUWDNV]HULQWKiURPHOWpU

KiOyWYROWFpOV]HU NpV]tWHQL

$]HOV KiOyWHUY HJ\ V]iUD]DEE FVDSDGpNV]HJpQ\ pYUH NpV]OW (] D IHOWpWHOH]HWW pY NRUiEEL

WDYDV]RGiVVDO N|V]|QW UiQN IRUUy FVDSDGpNV]HJpQ\ Q\iUUDO IRO\WDWyGLN pV VRNV]RU OpJN|UL

DV]iOO\DO LV WiUVXO $] pUpV iOWDOiEDQ NRUiEEDQ N|YHWNH]LN EH GH WHUPpV]HWHVHQ QHP D

QDSVWpVHV yUiN V]iPiQDN Q|YHNHGpVpYHO DUiQ\RVDQ PHUW D QDJ\ IRUUyVViJEDQ D Yt]KLiQ\

PLDWW D V] O FVDN YHJHWiO pV QHP IHMO GLN .pW UHODWtY HO Q\H YDQ D] LO\HQ LG MiUiVQDN D

J\RPRN NLVHEE LQWHQ]LWiVVDO IHMO GQHN D SHUPHWH]pVHN V]iPD D IHUW ]pVYHV]pO\ DODFVRQ\DEE

pUWpNH PLDWW OHFV|NNHQ ËJ\ FVDN DJD]GDPHJQ\XJWDWiViUDV]ROJiODYpGHNH]pVHNHJ\UpV]H

ÈOWDOiEDQ D V]UHW HO WW D NpQ\V]HUpUpV MHOHLW LV WDSDV]WDOMXN ,O\HQNRU D J\P|OFVEHQ DVDYDN

YLV]RQ\RNN|]|WWNLDODNXOQL0XQNDV]HUYH]pVLV]HPSRQWEyOD]pYQ\XJRGWMyOV]HUYH]KHW ND

WHYpNHQ\VpJHN$]HOP~OWpYE OEL]WRVDQLGHWDUWR]RWW

$PiVRGLN KiOyWHUYHW RSWLPiOLV YLV]RQ\RNUD LGHiOLV FVDSDGpNHORV]OiV pV QDSVWpV PHOOHWWL

JD]GiONRGiVUD WHUYH]WHP $ KiOyWHUY JHULQFpW D] LO\HQ LGHDOL]iOW PRGHOO NpSH]L pV NpV]tWpVH

VRUiQ HEE O NLLQGXOYD pV H]W PyGRVtWYD NpV]tWHWWHP HO D PiVLN NpW YiOWR]DWRW $ WHUPpV

PLQ VpJpW WHNLQWYH D QDJ\ pYMiUDWRN D] LO\HQ pYHNEHQ V]RNWDN HO IRUGXOQL $ PXQNiN

V]HUYH]KHW VpJHV]HPSRQWMiEyOLVRSWLPiOLVQDNPRQGKDWyD]LO\HQLG MiUiV

$KDUPDGLN OHKHW VpJ HJ\ D] RSWLPiOLVQiO FVDSDGpNRVDEE K Y|VHEE LG MiUiVL YLV]RQ\UD

NpV]tWHWW KiOyWHUY (EEHQ D] HVHWEHQ D Q|YpQ\YpGHOPL IRUGXOyN V]iPD PHJQ D VRUN|] pV D

VRUP YHOpV LV QHKH]HEEp YiOLN D J\RPLUWiV QDJ\REE LG HQHUJLD pV NDSDFLWiVLJpQQ\HO

MHOHQWNH]LNDKDWpNRQ\Q|YpQ\YpGHOHPEL]WRVtWiVDpUGHNpEHQQDJ\REEJRQGRWNHOOIRUGtWDQLD

ILWRWHFKQLNDL P YHOHWHNUH LV $] HONpV]tWHWW KiURPIpOH KiOyWHUYHW D PHOOpNOHW D]

HONpV]tWpVpKH] V]NVpJHV D WHYpNHQ\VpJHNHW WDUWDOPD]y WiEOi]DWRNDW D] PHOOpNOHW

WDUWDOPD]]D$WHUYH]HWWPXQNDP YHOHWHNNDSDFLWiVLJpQ\pWDIHQROyJLDLIi]LVRNIHOWQWHWpVpYHO

NpV]tWHWWHPHO

$PHOOpNOHWHNEHQ V]HUHSO WiEOi]DWRN PHOOpNOHW WiEOi]DWD pV D KiOyGLDJUDPRN

PHOOpNOHW D] DONDOPD]DQGy WHFKQROyJLDL VRUW D WHFKQROyJLDL P YHOHWHN

VRUUHQGLVpJpQHNPHJIHOHO HQMHOHQtWLNPHJ$WHFKQROyJLDLVRUWWDUWDOPD]yKiOyGLDJUDPRNDWD

IHQROyJLDL Ii]LVRNUD pStWYH DODNtWRWWDP NL ËJ\ D] HOYpJ]HQG WHYpNHQ\VpJHNHW D Ii]LVKDWiURN

V]DNDV]ROMiN $ IHQROyJLDL Ii]LVKDWiURNRQ D KiOyNpV]tWpV VRUiQ FVRPySRQWL HVHPpQ\HNHW

DONDOPD]WDP $ WHYpNHQ\VpJHN N|]|WW HVHPpQ\HN EL]WRVtWMiN D VRUUHQGLVpJHW pV D ORJLNDL

NDSFVRODWUHQGV]HUW pV WHV]LN pUWHOPH]KHW Yp D] HJ\PiVXWiQLViJRW LOOHWYH SiUKX]DPRVViJRW

ÈOWDOiEDQDPXQNDP YHOHWHNVRUUHQGMHUHQGV]HUpQHND]DORJLNiMDKRJ\DNRUiEEDQNH]G G

HVHPpQ\HN HJ\ HVHPpQ\VRUEDQ DODFVRQ\DEE VRUV]iP~DN GH D SiUKX]DPRV KRUL]RQWiOLV

HVHPpQ\VRURNYRQDWNR]iViEDQH]DW|UYpQ\V]HU VpJQHPIHOWpWOHQN|YHWHOPpQ\ËJ\DKiOyND

IHODGDWRN ORJLNDL HJ\PiVXWiQLViJiQDN K PHJMHOHQtW L D J\DNRUOy JD]GiN QDSL VHJtW WiUViYi

YiOQDN $ NDSDFLWiVLJpQ\HNHW D YL]VJiOW KDW WiEOiQiO D NRUiEEL IHMH]HWEHQ OHtUW

QRUPDWtY pUWpNHN DGDSWiOiV XWiQL IHOKDV]QiOiViYDO V]iPtWRWWDP NL $] HJ\HV YiOWR]DWRN

NLGROJR]iVD VRUiQ HONpV]tWHWW KiOyGLDJUDPRN HVHWpEHQ D ORJLNDL NDSFVRODWRN V]HPOpOHWHV

EHPXWDWiVDpUGHNpEHQDV]RNiVRVQiOQDJ\REEV]iP~OiWV]DWWHYpNHQ\VpJHWMHOHQtWHWWHPPHJ

$ KiOy HOHP]pVH VRUiQ YLOiJRVDQ NLW QLN KRJ\ D] HJ\HV LG MiUiVL YiOWR]DWRNQiO D

PXQNDP YHOHWHN LG SRQWMD VRUUHQGMH V]iPD NDSDFLWiVLJpQ\H PLO\HQ PpUWpNEHQ YiOWR]LN $

KiURP LG MiUiVL YiOWR]DW YDODPHQQ\L KiOyMiW D PHOOpNOHWHN WDUWDOPD]]iN $

NO|QEVpJHN V]HPOpOWHWpVpUH PLQGKiURP YiOWR]DW NpWNpW IHQROyJLDL Ii]LViW YLUiJ]iV

WHUPpVN|W GpVSpOGDNpQWDiEUiQPXWDWRPEH

0iUDPHJMHOHQtWpVQpOLVpU]pNHOKHW KRJ\D]HVHPpQ\HNV]iPDLVHOWpU $]HOV YiOWR]DWQiO

LJ D PiVRGLN YiOWR]DWQiO LJ D KDUPDGLN YiOWR]DWQiO LJ WDUW $]

HVHPpQ\HN V]iPR]iVD HJ\EHQ D]W LV MHO]L KRJ\ D] H]W PHJHO ] LG V]DNEDQ PLQGKiURP

YiOWR]DWQiOHVHPpQ\N|YHWNH]HWWEH

$EHDYDWNR]iVRNDPXQNDP YHOHWHNV]iPiEyODGyGyDQD]HVHPpQ\HNV]iPDLVPHJYiOWR]RWW

$NLHPHOWNpWIHQROyJLDLIi]LVEDQPHJQ WWV]iPXNPHO\QHNN|YHWNH]PpQ\HNpQW

DWHYpNHQ\VpJHNV]iPDD]HVHPpQ\V]iPPDOHJ\H] HQQ WWPLYHONpWHVHPpQ\N|]|WWPLQGLJ

YDODPLO\HQWHYpNHQ\VpJYDQ

$ PXQNDP YHOHWHN V]iPiQDN PHJQ|YHNHGpVH OiWYiQ\RVDQ MHO]L KRJ\ D V] O WHUPHV]WpV

V]HPSRQWMiEyO QDJ\RQ OpQ\HJHV VRUVG|QW LG V]DN D YLUiJ]iV pV D WHUPpVN|W GpV LG V]DND

DPHO\PLQG|VV]HVHQQDSRW|OHOIHO

$ Q|YpQ\YpGHOHP V]HPSRQWMiEyO LV UHQGNtYO OpQ\HJHV H] D] LG V]DN KLV]HQ HNNRU G O HO D

WHUP NpSOHWHNPHQQ\LVpJLPLQ VpJLDODNXOiVD0HJWXGMXNHPHQWHQLD]DGRWWLG V]DNEDQD]

WHUP NpSOHWHNPHQQ\LVpJLPLQ VpJLDODNXOiVD0HJWXGMXNHPHQWHQLD]DGRWWLG V]DNEDQD]