(UQVW'LHWHU.FKHQPHLVWHU 'HU+XQGYRP%XPHUDQJ XQGDQGHUHNRVPLVFKH$EHQWHXHU *UEU.QDEH9HUODJ:HLPDU 9E...
74 downloads
591 Views
1MB Size
Report
This content was uploaded by our users and we assume good faith they have the permission to share this book. If you own the copyright to this book and it is wrongfully on our website, we offer a simple DMCA procedure to remove your content from our site. Start by pressing the button below!
Report copyright / DMCA form
(UQVW'LHWHU.FKHQPHLVWHU 'HU+XQGYRP%XPHUDQJ XQGDQGHUHNRVPLVFKH$EHQWHXHU *UEU.QDEH9HUODJ:HLPDU 9E\'XPPH3XWH
,OOXVWUDWLRQHQXQG8PVFKODJHQWZXUIYRQ:HUQHU:DJQHU *(%5h'(5.1$%(9(5/$*:(,0$5 /L]HQ]1U±±/69 6DW]XQG'UXFN'UXFNKDXV:HLPDU )U/HVHUYRQ-DKUHQDQ (93 %HVWHOO1U
'HU 5DNHWHQKDIHQ Ä0DUV ;³ ZDU GHU NOHLQVWH ZHQLJH /DVWUDNHWHQ ZXUGHQ GRUW DEJHIHUWLJW 1XU ZlKUHQG GHU 8UODXEV]HLW ODQGHWHQ 5DNHWHQ GHV 3HUVRQHQWUDQVSRUWV DXI GLHVHP HQWOHJHQHQ /DQGHSODW] 6LH EUDFKWHQ GLH .LQGHU YRQ GHU (UGH GLH DXI GHQ 0DUV LQV )HULHQODJHU IDKUHQ GXUIWHQ 'RFK GLH )HULHQ ZDUHQ OlQJVW YRUEHU DXI GHU (UGH KDWWH VFKRQ YRU YLHU :RFKHQ GHU 8QWHUULFKW LQ DOOHQ 6FKXOHQ ZLHGHU EHJRQQHQ 'HVKDOE EHWUDFKWHWH HLQH %UL
JDGH 7HFKQLNHU GLH HLQH 5DNHWH HQWOXGHQ QHXJLHULJ GLH *UXSSHYRQDFKW.LQGHUQGLH VLFK ODQJVDP ]X HLQHU 3DV VDJLHUUDNHWH EHJDE $OV DEHU GLH 7HFKQLNHU LQPLWWHQ GHU .LQGHU HLQHQ VHKU GLFNHQ 0DQQ HUEOLFNWHQ ZXWHQ VLH %HVFKHLG'DVZDU'RNWRU0HG2EZRKODXIGHU(UGHQXU QRFK GLH NXU]HQ K|FKVWHQV GUHLEXFKVWDELJHQ 9RUQDPHQ YHUZHQGHW ZXUGHQ GLH PLW HLQHP VHFKVEXFKVWDELJHQ .RGH NRPELQLHUW MHGHQ %HZRKQHU XQYHUZHFKVHOEDU EH ]HLFKQHWHQ NDQQWH KLHU DXI GHP 0DUV QLHPDQG GLHVHQ 1DPHQ GHV $U]WHV (U ZDU DOOJHPHLQ DOV Ä'RNWRU .XJHO UXQG³ EHNDQQW XQG OHLWHWH GDV .UDQNHQKDXV LQ GHP GLH NUDQNHQ )HULHQNLQGHU EHWUHXW ZXUGHQ 'LH NOHLQHUHQ .LQ GHUGHU*UXSSHKDWWHQVLFKHUPHKUDOV]ZHLVH0DUVlSIHO DP7DJJHJHVVHQ7URW]DOOHU:DUQXQJHQYRUGHQ*LIWVWRI IHQGLHLQGHQbSIHOQHQWKDOWHQZDUHQJHVFKDKGDVLPPHU ZLHGHU (UVW QDFK ODQJHU %HKDQGOXQJ LP .UDQNHQKDXV ZXUGHQ GLHVH .LQGHU ZLHGHU JHVXQG (LQHU GHU 7HFKQLNHU HUNDQQWH DXFK GLH EHLGHQ *U|WHQ DXV GHU *UXSSH GLH IQI]HKQMlKULJHQ=ZLOOLQJH.RUXQG.\UGLHHUVWNU]OLFK PLWJURHP0XWHLQH*UXSSHNOHLQHUHU6FKOHUDXVHLQHP VWDUNHQ6WDXEVWXUPKHUDXVJHIKUWKDWWHQREZRKOVLHVHOEVW YHUOHW]WZDUHQ ,Q]ZLVFKHQ KDWWH GLH *UXSSH GLH 6WDUWUDPSH HUUHLFKW 'RNWRU .XJHOUXQG YHUDEVFKLHGHWH VLFK YRQ MHGHP 'LH EHLGHQ NOHLQHQ -XQJHQ 0DW XQG 0RW ILHOHQ LKP XP GHQ +DOV XQG GLH 0lGFKHQ /DW .UD XQG .UL ZLVFKWHQ VLFK YHUVWRKOHQ GLH 7UlQHQ DE .RU XQG .\U YHUVXFKWHQ GLH +DQG GHV 'RNWRUV EHVRQGHUV NUlIWLJ ]X GUFNHQ GRFK YHU]RJ GLHVHU GDEHL NHLQH 0LHQH .\U IUDJWH LKQ Ä%HVX FKHQ6LHXQVZHQQ6LHPDODXIGLH(UGHNRPPHQ"³ 'HU $U]W VFKWWHOWH GHQ .RSI XQG VDJWH Ä'DV LVW XQ P|JOLFK ,FK GDUI QLFKW PHKU PLW 5DNHWHQ IOLHJHQ GLH
DQGHUHQ bU]WH YHUELHWHQ PLU GDV %HVXFKW PLFK QlFKVWHV -DKUKLHU³ .RU VSUDFK IU VLFK XQG VHLQHQ %UXGHU Ä'DV LVW VHOEVW YHUVWlQGOLFK *OHLFK DP HUVWHQ )HULHQWDJ NRPPHQ ZLU 1RFKPDOVYLHOHQ'DQNXQGDOOHV*XWH³ 'LH *UXSSH EHVWLHJ GLH 5DNHWH GLH EHLGHQ 3LORWHQ ZLH VHQ DOOHQ GLH 3OlW]H DQ GLH 7UHQ VFKORVVHQ VLFK GHU 'RNWRUHQWIHUQWHVLFKDXVGHU6WDUW]RQH'DV.RQWUROO]HQ WUXP JDE 6WDUWEHIHKO 6FKQHOO VWDUWHWH GLH 5DNHWH $OV VLH QDFKHLQHU6WXQGHGHQ+HLPDWNXUVHUUHLFKWKDWWHEHWUDWGHU ]ZHLWH3LORW6FKDULPGHQ3DVVDJLHUUDXPXQGZROOWHJHUDGH (UODXEQLV ]XP 9HUODVVHQ GHU 6WDUWVHVVHO JHEHQ ,P JOHL FKHQ $XJHQEOLFN HUW|QWH HLQ SHLWVFKHQGHV .QDOOHQ GLH 5DNHWH VFKZDQNWH VR VWDUN GD 6FKDULP DQ .\UV 6HVVHO JHVFKOHXGHUW ZXUGH 'DV .QDOOHQ ZLHGHUKROWH VLFK HLQLJH 0DOHHUQHXWVFKZDQNWHGLH5DNHWHXQGGDQQZDUZLHGHU DOOHV VWLOO 6FKDULP VWHPPWH VLFK KRFK XQG ULHI PLW ODXWHU 6WLPPH Ä$OOH EOHLEHQ LP 6HVVHO VLW]HQ 'HU 5DXPDQ]XJ ZLUG JHVFKORVVHQ ,FK JHKH MHW]W LQ GHQ 6WHXHUUDXP XP QDFK]XVHKHQ ZDV JHVFKHKHQ LVW ,FK NRPPH JOHLFK ]X UFNXPHXFK]XEHULFKWHQ³'DQDFKYHUOLHHUGHQ5DXP .RUXQG.\UNRQWUROOLHUWHQREGLH.OHLQHQLKUHQ$Q]XJ ULFKWLJ JHVFKORVVHQ KDWWHQ 'DQQ VDJWH .RU EHU GLH 6SUHFKDQODJHGHU5DXPDQ]JHXPGLH.OHLQHQ]XEHUXKL JHQ Ä,FK JODXEH ZLU HUOHEHQ KHXWH QRFK HLQ ULFKWLJHV $EHQWHXHU³ Ä)HLQ³ ULHIHQ GLH EHLGHQ 0lGFKHQ .UD XQG .UL ÄGD N|QQHQZLU]X+DXVHHWZDVHU]lKOHQZDVNHLQHDQGHUHDXV GHU.ODVVHHUOHEWKDW³ :HQLJVSlWHUNDP6FKDULP]XUFN(UVWHOOWHVLFKVRGD HUYRQDOOHQ.LQGHUQJHVHKHQZHUGHQNRQQWHXQGEHULFK WHWHÄ,KUN|QQWGLH5DXPDQ]JHZLHGHU|IIQHQ(VEHVWHKW
NHLQH *HIDKU PHKU :LU KDEHQ HLQHQ NOHLQHQ =XVDPPHQ VWR JHKDEW *HUDGH DOV ZLU GLH :DUQXQJ YRU 0HWHRUHQ HUKLHOWHQ KDWWHQ XQV GLH HUVWHQ GLHVHU :HOWUDXPN|USHU VFKRQ HUUHLFKW 6LH KDEHQ XQV JHWURIIHQ XQG XQVHUHQ $Q WULHE ]HUVW|UW 'HVKDOE PVVHQ ZLU *HGXOG KDEHQ 8QVHU 3LORW.DSLWlQ.DXULVYHUVXFKWMHW]WHLQH)XQNPHOGXQJDQ GLH%DVLVDXIGHP0DUV]XJHEHQGDPLWVLHXQVPLWHLQHU +LOIVUDNHWH KLHU DEKROHQ 'XUFK GLH (LQVFKOlJH VLQG ZLU VWDUN YRQ XQVHUHP .XUV DEJHZLFKHQ HV NDQQ HLQH :HLOH GDXHUQ ELV ZLU JHIXQGHQ ZHUGHQ (V EHVWHKW DEHU NHLQH *HIDKU GLH 6DXHUVWRIIYRUUlWH IU GLH $WHPOXIW XQG GLH 9RUUlWH DQ :DVVHU XQG 9HUSIOHJXQJ UHLFKHQ HLQ KDOEHV -DKUHVNDQQMHGRFKODQJZHLOLJZHUGHQ ,FK VFKODJH HXFK YRU GD ZLU XQV *HVFKLFKWHQ HU]lKOHQ DEHU VROFKH *H VFKLFKWHQGLHVRQVWNHLQDQGHUHUNHQQW³ 'LH .LQGHU VWLPPWHQ EHJHLVWHUW ]X XQG EDWHQ GHQ 3LOR WHQ GLH HUVWH *HVFKLFKWH ]X HU]lKOHQ GDQQ ZUGH DXFK LKQHQHWZDVHLQIDOOHQ Ä*XW³VDJWH6FKDULPÄPHLQH*HVFKLFKWHKHLW 'LHYLHUEHLQLJHQ)UHXQGH
'DVZDUGDPDOVDOVGLHHUVWH([SHGLWLRQLQGDV3ODQHWHQ V\VWHP GHV 6WHUQHV $WDLU JHODQJW ZDU 'HU EHUKPWHVWH 3LORWGLHVHU=HLWZDU'\Q5DJGHUPLWHLQHUNOHLQHQ 9HU ELQGXQJVUDNHWH GHQ 2PQLEXVYHUNHKUå ]ZLVFKHQ GHQ GUHL *URUDNHWHQ GXUFKIKUWH GLH ZHLW YRQHLQDQGHU HQWIHUQW IUHPGH3ODQHWHQHUIRUVFKWHQ'DEHLZDUHVRIWQRWZHQGLJ GD HLQ 6SH]LDOLVW DXI GHU .RPPDQGRUDNHWH JHEUDXFKW ZXUGH REZRKO HU VLFK JHUDGH PLW GHU 7LHUZHOW HLQHV 3OD QHWHQEHVFKlIWLJWHGHUDPDQGHUHQ(QGHGHV6\VWHPVODJ (V PXWHQ 3IODQ]HQ XQG *HVWHLQVSUREHQ LQ HLQHV GHU
JURHQ +DXSWODERUV JHEUDFKW ZHUGHQ PDQFKPDO ZDUHQ DXFK GLH HOHNWURQLVFKHQ 6SHLFKHU ]XU $XVZHUWXQJ LQ GDV .RPPDQGRVFKLII ]X EHI|UGHUQ $OOHV GDV HUOHGLJWH '\Q 5DJ VFKQHOO XQG ]XYHUOlVVLJ (U EHUZDQG GDEHL RIW 6FKZLHULJNHLWHQ PLW GHQHQ NDXP HLQ DQGHUHU IHUWLJ JH ZRUGHQZlUH .XU]QDFKVHLQHU5FNNHKULQV .RPPDQGRVFKLII HUKLHOW HUGHQ%HIHKOYRP]ZHLWHQ5DXPVFKLIIHLQHQ)DFKDU]WIU VHOWHQH .UDQNKHLWHQ ]X KROHQ GHQQ YRP GULWWHQ 6FKLII KDWWH PDQ JHUDGH HLQHQ NUDQNHQ .RVPRQDXWHQ JHEUDFKW GHU HLQH Ul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lWWH '\Q 5DJ HLQXQG]ZDQ]LJ 7DJH JHEUDXFKW (U HQW VFKLHG VLFK IU GHQ ]ZHLWHQ .XUV GHQQ MH HKHU GHU $U]W NDPXPVRVFKQHOOHUNRQQWHGHP.UDQNHQ JHKROIHQ ZHU GHQ'HU3LORWGUFNWH DXI HLQHQ .QRSI XQWHU GHP EHWUHI IHQGHQ %LOGVFKLUP DOOH %LOGHU HUORVFKHQ XQG DXV GHP $XVJDEHWULFKWHU ILHOHQ GLH 6WHXHUNDUWHQ IU GHQ 3LORWHQ XQGGLH$XWRPDWHQVHLQHU5DNHWH '\Q 5DJ PHOGHWH GHP .RPPDQGDQWHQ ZHOFKH (QW VFKHLGXQJ HU JHWURIIHQ KDWWH 'RFK GLHVHU KDWWH %HGHQNHQ XQGVDJWH6FKQHOOH+LOIHLVWQ|WLJDEHUGLH*HIDKUHQPDU NHQ VLQG HLQH HUQVWH :DUQXQJ :HQQ DOOHV NODSSW ELVW GX
VFKQHOOHU ]XUFN JLEW HV MHGRFK 6FKZLHULJNHLWHQ PWH GHU.UDQNHQRFKOlQJHUOHLGHQ,FKZHUGHGHVKDOE.DU0\U PLWHLQHU]ZHLWHQ5DNHWHDXIGHQOlQJHUHQ.XUVVFKLFNHQ %HYRUGXVWDUWHVWEHVSULFKVWGXPLWLKPDXIZHOFKH:HLVH LKU PLWHLQDQGHU 9HUELQGXQJ UHJHOPlLJH 9HUELQGXQJ KDOWHQZROOWå
'\Q 5DJ VWDQG DXI DXFK GHU .RPPDQGDQW HUKRE VLFK XQGVSUDFK,FKHUWHLOH6WDUWHUODXEQLVXQG6WDUWEHIHKOå 'HU3LORWWUDIDQVHLQHU5DNHWH.DU0\UGHULQ]ZLVFKHQ VHLQHQ %HIHKO HUKDOWHQ KDWWH EHVSUDFK PLW LKP GLH )XQN YHUELQGXQJ'DEHLVFKlUIWHHULKPQRFKPDOV HLQ GD HUVW GHU $XIWUDJ DXVJHIKUW ZHUGHQ PWH HKH HU QDFK GHP $EUHLHQGHU9HUELQGXQJQDFKLKPVXFKHQGUIH'\Q5DJ YHUDEVFKLHGHWH VLFK QDFK GHP %UDXFK GHU 3LORWHQ PLW HLQHPOHLFKWHQ6FKODJDXIGLHUHFKWH6FKXOWHUEHWUDWVHLQH 5DNHWHXQGVWDUWHWH (OI 7DJH ODQJ YHUOLHI GHU )OXJ RKQH 6W|UXQJHQ HOIPDO KDWWH '\Q 5DJ VFKRQ PLW .DU 0\U JHVSURFKHQ XQG GLH (QWIHUQXQJ ]ZLVFKHQ LKQHQ ZDU VFKRQ VLHEHQPDO VR JUR ZLHDPHUVWHQ7DJ3O|W]OLFKEOLQNWHQDOOH:DUQODPSHQLQ GHU 3LORWHQNDELQH DXI (LQ GXUFKGULQJHQGHU 6XPPWRQ HUW|QWH 'LH VLHEHQ %HREDFKWXQJVJHUlWH VFKDOWHWHQ VLFK HLQ$XIGHPVHFKVWHQ%LOGVFKLUPVDK '\Q 5DJ GD VLFK LKPYRQKLQWHQHLQHJURH*UXSSHYRQ0HWHRUHQQlKHUWH GLH LKQ PHKU XQG PHKU HLQKROWH (U VFKQDOOWH VLFK DXI VHLQHP 6LW] IHVW XQG VFKOR GHQ 5DXPDQ]XJ 6FKRQ HU VFKLHQ UHFKWV QHEHQ VHLQHU 5DNHWH HLQ ULHVLJHU )HOVEORFN GHU LKQ VFKQHOO EHUKROWH QXQ NDPHQ DXFK OLQNV ]ZHL %O|FNH YRUEHLJHVHJHOW $OV DXFK XQWHU GHU 5DNHWH GUHL JURH )HOVHQ HUVFKLHQHQ HQWVFKOR VLFK GHU 3LORW QDFK REHQ DXV]XZHLFKHQ (U EHWlWLJWH GLH +DQGVWHXHUXQJ (LQ )HXHUVWUDKO DXV GHU +DXSWGVH GUFNWH VHLQH 5DNHWH DXV GHP JHIlKUOLFKHQ 6WURP KHUDXV (LQH 6HNXQGH YHUVWULFK HLQH]ZHLWHGLHGULWWHEUDFKWHGLH.DWDVWURSKH(LQVSLW]HU )HOVEORFN UDPPWH GLH 5DNHWH VFKUlJ YRQ KLQWHQ GLH :XFKW GHV $XISUDOOV OLH VLH ZLH HLQHQ GQQHQ $VW ]X VDPPHQNQLFNHQ'\Q5DJULGHQ+HEHOGHU1RWVFKDOWXQJ ]XU 6HLWH GLH 3LORWHQNDELQH WUHQQWH VLFK DE XQG IORJ LQ
HLQH XQEHNDQQWH 5LFKWXQJ (U ZDU DOVR LQ HLQHU YLHO VFKOLPPHUHQ/DJHDOVZLUQXUVHLQH.DELQHKDWWHHUQRFK ZLUKDEHQGLHJDQ]H5DNHWH '\Q5DJVDKDXIGHP%LOGVFKLUPGDHUGHP0HWHRUHQ VWURP HQWNRPPHQ ZDU $XIPHUNVDP EHREDFKWHWH HU VHLQH 0HJHUlWH XP VHLQHQ .XUV ]X EHVWLPPHQ )U HLQHQ JXWHQ3LORWHQJHQJHQZHQLJH$QJDEHQXPGLH5LFKWXQJ EHUHFKQHQ]XN|QQHQ$EHUDOV'\Q5DJGDV HUVWH(UJHE QLVDEODVXQGLQGLH6WHUQNDUWHEHUWUXJVDK HUGDVHLQH *HUlWH LQ]ZLVFKHQ DQGHUH :HUWH ]HLJWHQ GD VLFK GLH :HUWHIRUWODXIHQGlQGHUWHQ1XQZXWHHU%HVFKHLG6HLQH 3LORWHQNDSVHO ZXUGH YRQ HLQHP 3ODQHWHQ DQJH]RJHQ EHZHJWH VLFK LQ HLQHU JURHQ .XUYH EHUHLWV GDUDXI ]X (V PXWHHLQHUGHU3ODQHWHQVHLQGHQGLH:LVVHQVFKDIWOHUGHU ([SHGLWLRQ IU XQLQWHUHVVDQW JHKDOWHQ KDWWHQ GHVKDOE EHIDQG VLFK GRUW NHLQH )RUVFKHUJUXSSH $XI GHP %LOG VFKLUP ]HLJWH VLFK GHU 8PUL HLQHU YRQ GLFKWHQ :RONHQ XPJHEHQHQ .XJHO 6FKRQ GUDQJ GLH 5DNHWH SIHLIHQG XQG KHXOHQG LQ GLH :RONHQGHFNH HLQ .OLFNHQG EHJDQQ GHU 5DGDU+|KHQPHVVHU ]X DUEHLWHQ NP +|KH « NP +|KH«NP+|KH'\Q5DJO|VWHGLHHUVWH*UXSSHGHU %UHPVIDOOVFKLUPH DXV (LQ 5XFN HUVFKWWHUWH GLH .DSVHO GRFKGDQQHUW|QWHZLHGHUKROWHV.QDOOHQ$OOH )DOOVFKLUPH ZDUHQ GXUFK GLH *HVFKZLQGLJNHLW ]HUIHW]W ZRUGHQ 'HU 3LORW EHREDFKWHWH GHQ +|KHQPHVVHU NP « NP « NP+|KH(UO|VWHGLH]ZHLWH*UXSSHGHU )DOOVFKLUPH 6LH]HUSODW]WHQ]ZDUHEHQIDOOV GRFK GLH )DOOJHVFKZLQGLJ NHLW KDWWH GDGXUFK QDFKJHODVVHQ 'LH .DELQH EHJDQQ VLFK ]X HUZlUPHQ 'HU +|KHQPHVVHU ]HLJWH LPPHU QLHGULJHUH :HUWH8QYHUPLWWHOWZXUGHHVKHOOHUGLH:RONHQGHFNHZDU GXUFKVWRHQ 'LH :lUPH LP 5DXP ZXUGH IDVW XQHUWUlJ OLFKDEHU'\Q5DJZDUWHWHDEGHQQHUKDWWHQXUQRFKHLQH
*UXSSH YRQ )DOOVFKLUPHQ (UVW DOV GHU +|KHQPHVVHU QXU QRFK VLHEHQ .LORPHWHU DQ]HLJWH O|VWH HU GLH OHW]WH )DOO VFKLUPJUXSSH 6HLQ $XVKDOWHQ ZXUGH EHORKQW GHQQ GLHVH *UXSSH KLHOW VWDQG 'HU )DOO GHU .DSVHO ZXUGH PHUNOLFK ODQJVDPHU $XI GHP %LOGVFKLUP HUVFKLHQHQ VFKURIIH XQG KRKH %HUJH QXU GXUFK NOHLQH +RFKHEHQHQ JHWUHQQW GLH GLFKW PLW )HOVEO|FNHQ EHGHFNW ZDUHQ $QJHVSDQQW EHRE DFKWHWH '\Q 5DJ GLH XQZLUWOLFKH /DQGVFKDIW GLH UHFKWH +DQG DP 6WHXHUKHEHO IU GLH )DOOVFKLUPH 3O|W]OLFK WDXFKWHQ)HOVZlQGHDXIGLH.DSVHOIORJGLUHNWDXIVLH]X (LQVFKQHOOHU*ULIILQGLH6WHXHUXQJOLHGLH3LORWHQNDSVHO LQHQJHQ6SLUDOHQ]X%RGHQVLQNHQ.QLUVFKHQGODQGHWHVLH ]ZLVFKHQ ]ZHL )HOVEURFNHQ XQG NOHPPWH VLFK GRUW IHVW '\Q5DJZDUJHODQGHWDEHUZRZDUHU",KPVWDQGQXUGDV NOHLQH 6FKQHOOXQWHUVXFKXQJVJHUlW ]XU 9HUIJXQJ GHVVHQ 0HDUPH VFKRQ DXWRPDWLVFK DXVJHIDKUHQ ZDUHQ 'DQQ OHXFKWHWHQ QDFKHLQDQGHU GUHL JUQH /lPSFKHQ DXI XQWHU GHQHQ GUHL JHNUPPWH .XUYHQ HUVFKLHQHQ '\Q 5DJ ZHU WHWHVLHVFKQHOODXVXQGHUIXKUGDHUGLH/XIWå GHVIUHP GHQ 3ODQHWHQ DWPHQ N|QQWH DOOHUGLQJV PWH HU VHKU WLHI XQG NUlIWLJ HLQDWPHQ 'LH ]ZHLWH .XUYH ]HLJWH DQ GD HV GUDXHQZDUPZDUVRZDUPZLHLQHLQHPKHLHQ6RPPHU 'LH GULWWH .XUYH ZLHV QDFK GD GLH 6FKZHUNUDIW HWZDV JHULQJHUDOVDXIGHU(UGHZDU 1XQ EHJDQQ GLH ZLFKWLJVWH XQG HLOLJVWH $XIJDEH '\Q 5DJ PXWH 9HUELQGXQJ ]X GHQ DQGHUHQ EHNRPPHQ GHQQ VRQVWZDUGLH$UEHLWGHUJDQ]HQ([SHGLWLRQJHIlKUGHW'HU 0HQVFK LVW GDV :HUWYROOVWH GHVKDOE KlWWH GHU .RPPDQ GDQW GLH )RUVFKXQJHQ XQWHUEURFKHQ XQG QDFK LKP VXFKHQ ODVVHQ6RODQJH'\Q5DJQRFKLP %HVLW]DOOHU.UlIWHXQG HLQLJHUWHFKQLVFKHU0LWWHOZDUKDWWHHUNHLQ5HFKWXQWlWLJ ]XVHLQ
'LH HLQ]LJH 0|JOLFKNHLW IU GLH $XIQDKPH GHU 9HUELQ GXQJ ZDU GHU %DX HLQHU 6HQGHDQODJH PLW HLQHU JURHQ 5LFKWDQWHQQH 'HVKDOE PXWH ]XHUVW GLH 8PJHEXQJ GHU /DQGHVWHOOH JUQGOLFK HUIRUVFKWZHUGHQ2EZRKOGLH 3LOR WHQNDSVHO ]ZLVFKHQ ]ZHL )HOVEO|FNHQ HLQJHNOHPPW ZDU NRQQWH GHU 3LORW GLH XQWHUH /XNH |IIQHQ XQG DXI HLQHU NXU]HQ /HLWHU KLQDXVNOHWWHUQ 9RUVLFKWVKDOEHU KDWWH HU GHQ 5DXPDQ]XJQRFKQLFKWJH|IIQHWGRFKDOVHUGHQOHKPLJHQ %RGHQ EHWUDW NODSSWH HU GHQ +HOP DXI (U DWPHWH NUlIWLJ HLQVSUWHGLHIULVFKH/XIWåGRFKVW|UWHHVLKQHLQZHQLJ GDGLHVHVRVWDUNQDFK+LPEHHUHQURFK (LQH ULQJVXP YRQ VHQNUHFKWHQ )HOVZlQGHQ HLQJHVFKORV VHQH(EHQHODJYRULKPGLHHUQLFKWYROOVWlQGLJEHUEOLN NHQNRQQWHGHQQVLHZDUPLW)HOVHQYRQGHU*U|HHLQHV HLQVW|FNLJHQ +DXVHV EHGHFNW 9RUVLFKWLJ JLQJ GHU 3LORW YRUZlUWVXPGLH0LWWHGHU(EHQH]XHUUHLFKHQGHQQVHLQH .DSVHOODJIHVWDQGHUKRKHQ)HOVZDQG8PGHQ5FNZHJ ZLHGHU ]X ILQGHQ PDUNLHUWH HU VLFK VHLQHQ :HJ PLW URWHQ 3IHLOHQ GLH HU PLW HLQHP 3ODVWPDUNLHUXQJVVWDE DXI GLH )HOVEO|FNH DXIWUXJ $XI VHLQHQ .RPSD PXWH HU YHU ]LFKWHQGHQQGLHYHUVWUHXWOLHJHQGHQ)HOVEO|FNHEHVWDQGHQ DXV HLQHP VHKU PDJQHWLVFKHQ (U] XQG OHQNWHQ GLH .RP SDQDGHOLPPHUZLHGHULQGLHIDOVFKH5LFKWXQJ(VZXUGH DOOPlKOLFK KHOOHU XQG '\Q 5DJ VFKOR GDUDXV GD GHU 7DJå DXI GLHVHP IUHPGHQ 3ODQHWHQ HUVW EHJDQQ 1DFK HLQLJHU =HLW NRQQWH GHU 3LORW VRJDU HLQH EHVRQGHUV KHOOH 6WHOOH LQ GHU :RONHQGHFNH EHVWLPPHQ KLQWHU GHU HU GLH IHUQH6RQQHå YHUPXWHWH'DPLWZXWHHUDXFKGDGDV7DO LQ GLH 5LFKWXQJ GLHVHU 6RQQH ]HLJWH LQ GLH 5LFKWXQJ LQ GHU GLH JURH )RUVFKXQJVUDNHWH ]X ILQGHQ ZDU ]X GHU HU IOLHJHQVROOWH 'HVKDOE VFKDOWHWH HU VHLQH )XQNVSUHFKDQODJH HLQ YROOHU
+RIIQXQJ YRQ GRUW HWZDV ]X K|UHQ $XHU NQDFNHQGHQ XQGUDXVFKHQGHQ*HUlXVFKHQYHUQDKPHUQLFKWV7URW]GHP OLH HU GLH $QODJH LQ %HWULHE DOV HU ZHLWHU LQ GDV *HZLUU GHU)HOVEURFNHQHLQGUDQJ :LHYLHOHGHUHLQ]HOQIOLHJHQGHQ3LORWHQKDWWHDXFK'\Q 5DJ HLQH PHUNZUGLJH $QJHZRKQKHLW ,PPHU ZHQQ HU HWZDV WDW VSUDFK HU GD]X 6R DXFK DQ GLHVHP 7DJ 0DO VDJWH HU +RSSOD KLHU OLHJHQ QRFK NOHLQH %URFNHQ LP *UDVå RGHU 6R ZLHGHU HLQ :HJZHLVHU IHUWLJå RGHU DXFK *LEWHVKLHUQXU)HOVEURFNHQ"å *HUDGH KDWWH HU HLQHQ 3IHLO JH]HLFKQHW XQG ZROOWH ZHL WHUJHKHQDOVHUYRUVLFKHLQH%HZHJXQJVDK(VVFKLHQDOV EHZHJWHQ VLFK HLQLJH )HOVEO|FNH '\Q 5DJ QDKP VHLQ )HUQURKU ]X +LOIH XQG EHREDFKWHWH GLH PHUNZUGLJH (U VFKHLQXQJ =XQlFKVW VDK HU HLQH 3ODQLHUUDXSH PLW HLQHP 6FKODQJHQNRSI EHU HLQHU JH]DFNWHQ 6FKDXIHO 'DQQ GUHKWH VLFK GDV XQJHIlKU IQI 0HWHU KRKH %HREDFKWXQJV REMHNW XQG HU HUNDQQWH GD HV HLQ ULHVLJHV 7LHU ZDU 'LH 6FKDXIHOZDUHLQ7HLOGHV3DQ]HUVDXIGHPREHQJHQDXLQ GHU0LWWHHLQODQJHVXQGVSLW]HV+RUQVD$XVGHP3DQ ]HUUDJWHQYLHU%HLQHXQGHLQODQJHU6FKZDQ]KHUDXV'HU ODQJH 6FKODQJHQNRSI ZDU IRUWZlKUHQG LQ %HZHJXQJ 0DQFKPDO YHUVFKZDQG HU IDVW LP 6FKDXIHOSDQ]HU DEHU ZHQQGDV7LHUGLHKRKHQJUDVlKQOLFKHQ3IODQ]HQDXIGHP %RGHQ DEIUD VFKRE VLFK GHU ODQJH +DOV KHUDXV 'LHVH 7LHUHVFKLHQHQVHKUNUlIWLJ]XVHLQPDQQVKRKH)HOVEO|FNH GLHLP:HJHODJHQZXUGHQGXUFKHLQHQHLQ]LJHQ5XFNPLW GHU6FKDXIHO]XU6HLWHJHVFKOHXGHUW '\Q 5DJ ZDU YRQ GLHVHQ PDVVLJHQ 7LHUHQ VHKU EHHLQ GUXFNW 2EZRKO HU LQ VHLQHU 6FKXO]HLW JHOHUQW KDWWH GD YRU 0LOOLRQHQ -DKUHQ lKQOLFKH 7LHUH 6DXULHU JHQDQQW DXI GHU(UGHJHOHEWKDWWHQEHUUDVFKWHLKQLKUH*U|H
:LHGHUVSUDFKHUYRUVLFKKLQ6ROFKH.RORVVH6LQGGLH JURå $EHUNDXPKDWWHHUGDVJHVDJWDOVVLFKGLH+HUGHLQ %HZHJXQJ VHW]WH (U NRQQWH VLHEHQ GLHVHU ULHVLJHQ 7LHUH ]lKOHQGLHLPPHUQlKHUNDPHQXQGGLUHNW]XLKPUDQQWHQ :DV VROOWH HU WXQ" =XQlFKVW ULHI HU +DOW +DOW +DOWå ± XQGGDVKDOIWDWVlFKOLFK6FKODJDUWLJEOLHEHQGLH8QJHKHX HUVWHKHQ EOLFNWHQ LKQ DEHU DXV GUHLLJ 0HWHU (QWIHUQXQJ XQYHUZDQGW DQ $OV VLFK GDV YRUGHUVWH 7LHU HUQHXW LQ %H ZHJXQJVHW]WHULHI'\Q5DJZLHGHU+DOWåXQGGDV7LHU EOLHEVWHKHQ'HU3LORWYHUPXWHWHGDGLH6DXULHUDXIVHLQ )XQNVSUHFKJHUlW UHDJLHUWHQ IDQG HV DEHU VHKU YHUZXQGHU OLFK GD HLQ 6DXULHU GLH PHQVFKOLFKH 6SUDFKH YHUVWHKHQ VROOWH'HVKDOEXQWHUVXFKWHHUGLH=XVDPPHQKlQJHJHQDX HU(UVWULHIHU)RUWPLWHXFK)RUWåGRFKGDNDPHQDOOH VLHEHQ QlKHU DQ LKQ KHUDQ 1XQ NRPPDQGLHUWH HU :HJ *HKWZHJåXQGDOOH7LHUHUDQQWHQGDYRQ'\Q5DJVFKDO WHWHVHLQ*HUlWDXVXQGVFKULH+DOW+DOWåGRFKGLH7LHUH UDQQWHQ ZHLWHU 6FKQHOO VFKDOWHWH HU ZLHGHU HLQ QXQ JH KRUFKWHQGLH6DXULHUGHP%HIHKO+DOWå ZLHGHU 1DFKGHP GHU 3LORW QRFK YHUVFKLHGHQH DQGHUH :|UWHU DXVSURELHUWH IDQG HU GLH /|VXQJ :HQQ HU GHQ 9RNDO Rå DXVVSUDFKNDPHQGLH7LHUH]XLKP-HPHKURå HUULHIXP VRVFKQHOOHUOLHIHQVLH$XIDå EOLHEHQGLH6DXULHUVWHKHQ XQGDXIHå JLQJHQVLHZHJ'\Q5DJSURELHUWHGDVDXV(U ZHFKVHOWH PHKUPDOV VHLQHQ 6WDQGRUW XQG OLH GLH 7LHUH ZXQGHUVFK|QH[HU]LHUHQ $OOHUGLQJV NODSSWHQ GLH hEXQJHQ QLFKW JDQ] HLQHV GHU 7LHUHKDWWHLPPHU 9HUVSlWXQJ (LQ )HOVEURFNHQ KDWWH VLFK DP6FKDXIHOVFKLOGYHUNOHPPWXQGGHU6DXULHUNRQQWHVLFK QXU XQEHKROIHQ EHZHJHQ '\Q 5DJ HQWVFKOR VLFK ]X KHOIHQ9RUVLFKWVKDOEHUULHIHULPPHUZLHGHU+DOW$DDK +DOW 'Då LQV 0LNURIRQ XQG JLQJ ODQJVDP DQ GDV 7LHU
KHUDQ GDV VHLQHQ .RSI lQJVWOLFK LQ GHQ 6FKLOGSDQ]HU ]XUFN]RJ 7URW] DOOHU %HPKXQJHQ NRQQWH GHU 3LORW GHQ IHVW HLQJHNOHPPWHQ %URFNHQ QLFKW HLQHQ =HQWLPHWHU EH ZHJHQ'HVKDOEQDKPHUVHLQHQ(QHUJLHZHUIHUVWHOOWHLKQ DXI GHQ VFKZlFKVWHQ :HUW HLQ WUDW HOI 0HWHU ]XUFN XQG O|VWHGLH/DGXQJDXV0LWHLQHPJHZDOWLJHQ.QDOOWUDIGLH /DGXQJ DXI DOOH 7LHUH ]RJHQ VLFK YROOVWlQGLJ LQ LKUHQ 3DQ]HU ]XUFN 'HU 6DXULHU PLW GHP )HOVEURFNHQ GUHKWH VLFK GUHLPDO XP VLFK VHOEVW DEHU GHU %URFNHQ IORJ LQ PHKUHUH 6WFNH JHVSDOWHQ GDYRQ $OV GHU 6DXULHU VWLOO VWDQG WUDW GHU 3LORW ]X GHP 7LHU 'DV ZDU QLFKW PHKU lQJVWOLFKVRQGHUQEHJUWHLKQPLWHLQHPODQJVDPHQ+LQ XQG +HUVFKDXNHOQ GHV .RSIHV VR ZLH HLQ (OHIDQW VHLQHQ 5VVHOVFKZHQNW8QEHVRUJWWUDW'\Q5DJQDKHDQGDV7LHU KHUDQ XQG PDOWH PLW VHLQHP 0DUNLHUXQJVVWDE UHFKWV XQG OLQNV YRP .RSI HLQH JURH å DXI GHQ 6FKLOG JLQJ XP GLHVHQ KHUXP XQG YHUVXFKWH GHQ 3DQ]HU ]X HUNOHWWHUQ 3O|W]OLFK VFKRE HWZDV YRQ KLQWHQ GHU 6DXULHU EHQXW]WH VHLQHQ 6FKZDQ] XP GHQ 3LORWHQ QDFK REHQ ]X VFKLHEHQ $OV GHU 3LORW DXI GHP 5FNHQ GHV 7LHUHV DQJHODQJW ZDU VFKULHEHUDXIGDV+RUQHEHQIDOOVEHLGHUVHLWLJGLH=DKOå 'DEHL EHPHUNWH HU GD HV YRQ =HLW ]X =HLW UK\WKPLVFK ]LWWHUWH 'LH JHQDXH 8QWHUVXFKXQJ HUJDE GD VLFK GLH 6DXULHU DXI GLHVH :HLVH YHUVWlQGLJWHQ GD GDV +RUQ )XQNVLJQDOHDQGLH $UWJHQRVVHQ DXVVWUDKOWH XQG LKUH $QW ZRUWHQJHQDXZLH'\Q5DJV6LJQDOHDXIQDKP $XI GLH JOHLFKH :HLVH ZLH 1XPPHU O ZXUGHQ DXFK GLH EULJHQ6DXULHUQXPHULHUWGHQQGHU3LORWSODQWHPLWLKUHU +LOIH GLH +RFKHEHQH VFKQHOOHU ]X HUIRUVFKHQ XQG VHLQH JURH$QWHQQHHUULFKWHQ]XN|QQHQ
$OV GHU 3LORW DP QlFKVWHQ 7DJ GLH /DQGHNDSVHO YHUOLH VWDQGHQ±ZLH]XVHLQHU%HJUXQJ±1XPPHU O XQG PLW ]Z|OI 0HWHU $EVWDQG YRU LKP '\Q 5DJ KDWWH VLFK YRUJHQRPPHQ HLQH DQGHUH 5LFKWXQJ ]X HUIRUVFKHQ HU ZROOWH UHFKWZLQNOLJ ]XU JHVWULJHQ 0DUVFKURXWH YRUVWRHQ REZRKO HU ZXWH GD HU EDOG DXI GLH JHJHQEHUOLHJHQGH )HOVZDQG VWRHQ PXWH 'RFK ZHLO HU YHUVXFKHQ ZROOWH YRQKLHUDXV]XVHQGHQPXWHHUGLH:lQGHGHV+RFKWDOHV JHQDX XQWHUVXFKHQ (U EHVWLHJ 1XPPHU $OV RE GLH 6DXULHU VHLQH $EVLFKW HUUDWHQ KlWWHQ VFKOXJHQ VLH YRQ VHOEVW GLH JHZQVFKWH 5LFKWXQJ HLQ 1DFK NXU]HU =HLW HUUHLFKWHHUVHLQHUVWHV7HLO]LHO'LH)HOVZlQGHVWLHHQGRUW
IDVW UHFKWZLQNOLJ ]XVDPPHQ ,Q GLHVHU (FNH ZDU HLQ 6HH LQ GHP GLH EULJHQ YLHU 7LHUH EDGHWHQ 6REDOG HU YRQ VHLQHP 5HLWVDXULHU KHUDEJHVSUXQJHQ ZDU VWU]WHQ VLFK VHLQH %HJOHLWHU PLW JURHP 3ODWVFKHQ XQG 6SULW]HQ LQV :DVVHU ,Q]ZLVFKHQ XQWHUVXFKWH '\Q 5DJ GLH )HOVZDQG XQGVWHOOWHIHVWGDVLH±ZLHLQGHU1lKHGHU/DQGHNDSVHO ±DXVHLQHPJUDQLWlKQOLFKHQ*HVWHLQEHVWDQGGDVNHLQHUOHL 0HWDOOVSXUHQ HQWKLHOW (V XQWHUVFKLHG VLFK GDGXUFK Y|OOLJ YRQGHQ)HOVEO|FNHQGLHHUJHVWHUQXQWHUVXFKWKDWWH$EHU ZDUGDVEHUDOOVR"(UHQWVFKORVLFKGHQJHVDPWHQ.HV VHO ]X XPNUHLVHQ XQG UHJHOPlLJ GDV *HVWHLQ GHU :lQGH ]X XQWHUVXFKHQ =XU $EZHFKVOXQJ EHVWLHJ HU 1XPPHU $OVHUGLH)HOVZDQGHQWODQJULWWIROJWHQLKPDXFK1XPPHU XQG $P *HVWHLQ lQGHUWH VLFK QLFKWV EDOG ZDU GDV (QGHGLHVHU /lQJVVHLWHHUUHLFKW ,QGLHVHU(FNHKDWWHQ GLH VWHLOHQ:lQGHHLQH/FNHHLQHVFKPDOHXQGWLHIH6FKOXFKW JDE HLQHQ :HJå IUHL GHU VWHLO QDFK XQWHQ DEILHO (QJH .XUYHQYHUKLQGHUWHQGD'\Q5DJGDV(QGHVHKHQNRQQ WH 0LWHLQHP0DOHEHQDKPHQVLFKGLH7LHUHVHKUPHUNZU GLJ$XIJHUHJWNUHLVWHQVLH'\Q5DJHLQXQGEHZHJWHQLKUH 6FKZlQ]HLPPHUDXIXQGDE'HU3LORWQDKPGDVDOV(LQ ODGXQJLP1XZDUHUDXIGHP5FNHQYRQ1XPPHUXQG NRQQWH VLFK JHUDGH QRFK DQ GHP +RUQ IHVWKDOWHQ DOV GLH GUHL 6DXULHU PLW 5DNHWHQWHPSR GDYRQSUHVFKWHQ 6FKQHOO KDWWHQVLHLKUH*HIlKUWHQHUUHLFKW'\Q5DJIKOWHGDGLH +|UQHU VHQGHWHQ 'DUDXIKLQ VWHOOWHQ VLFK GUHL 7LHUH ]X GHQHQ DXFK VHLQH 1XPPHU JHK|UWH PLW GHP 6FKZDQ ]HQGH KDOENUHLVI|UPLJ YRU GHU )HOVZDQG DXI GLH YLHU DQGHUHQ VWDQGHQ DOV ]ZHLWH 5HLKH GDYRU $OOH KDWWHQ GHQ .RSI GLFKW DQ GHQ 6FKLOG ]XUFNJH]RJHQ XQG EOLFNWHQ LQ HLQH5LFKWXQJLQ5LFKWXQJGHU)HOVVSDOWH'DVGHXWHWHDXI
HLQH VLFK QDKHQGH *HIDKU KLQ 'HU 3LORW VDK GXUFK GDV )HUQURKU =XQlFKVW EHPHUNWH HU QLFKWV 3O|W]OLFK HUNDQQWH HU GHQ .RSI HLQHV ULHVLJHQ .URNRGLOV GDV GXUFK GLH /XIW IORJ'LHZHLWHUH%HREDFKWXQJ]HLJWHGDHVVLFKXPYLHOH NURNRGLOlKQOLFKH 7LHUH KDQGHOWH GLH VLFK PLW ODQJHQ %HL QHQ XQG HLQHP NUlIWLJHQ 6FKZDQ] YRP %RGHQ DEVWLHHQ XQG QDKH]X GUHLLJ 0HWHU VSULQJHQ NRQQWHQ ]XPDO VLH ZlKUHQG GHV 6SUXQJV GLH %HLQH VSUHL]WHQ XQG DXI HLQHU GDGXUFK JHVSDQQWHQ )OXJKDXW VHJHOQ NRQQWHQ '\Q 5DJ HUNDQQWH VRIRUW GLH *HIDKU GLH LKP XQG VHLQHQ YLHUEHLQL JHQ )UHXQGHQGURKWH'LHVHQ )OXJHFKVHQ ZDU HV P|JOLFK VFKQHOOEHUGLH6FKLOGHGHU3ODQLHUVDXULHU]XVSULQJHQDXI GHP 5FNHQ ]X ODQGHQ XQG YRQ GRUW DXV W|GOLFKH %LVVH DQ]XEULQJHQ 'HVKDOE VWHOOWH GHU 3LORW GHQ (QHUJLHZHUIHU DXINUlIWLJH/DGXQJHLQXQGVFKORVHLQHQ5DXPDQ]XJ ,Q]ZLVFKHQZDUHQGLH$QJUHLIHULQGUHL*UXSSHQ]XVLH EHQ7LHUHQGLUHNWYRULKP'LHHUVWH*UXSSHVSUDQJ(LQLJH GHU)OXJHFKVHQODQGHWHQDXIGHQ6FKLOGHQGHU6DXULHUXQG ZXUGHQ NUDIWYROO ]XUFNJHVFKOHXGHUW VFKOXJHQ DXI GLH )HOVEO|FNHDXIXQGEOLHEHQOHEORVOLHJHQ$EHUDXIHLQPDO UDXVFKWHQ GUHL KHUDQ GLH DXV GHU 'HFNXQJ HLQHV JURHQ )HOVEORFNHV KHUDXVJHVSUXQJHQ ZDUHQ ,KUH )OXJEDKQ OLH HUNHQQHQ GD VLH GLH 6FKLOGH EHUTXHUHQ XQG DXI GHP 5FNHQYRQ1XPPHUOXQGODQGHQZUGHQ%OLW]VFKQHOO EHWlWLJWH GHU 3LORW GHQ (QHUJLHZHUIHU 'LH $QJUHLIHU ]HU SODW]WHQ LQ GHU /XIW 6FKRQ NDPHQ GLH QlFKVWHQ :LHGHU ZXUGHQ HLQLJH DEJHVFKRVVHQ DEHU ]ZHL ZDUHQ DXI GHQ 5FNHQ]ZHLHU6DXULHU JHNRPPHQ (LQ 6FKPHU]HQVVFKUHL HUVFKROO GRFK VFKRQ KDWWH '\Q 5DJ DXFK GLHVH 5lXEHU HUZLVFKW 'LH 5DXEHFKVHQ VWHOOWHQ LKUHQ $QJULII ]XQlFKVW HLQGHU3LORW]lKOWHQXUQRFKDFKW.URNRGLOUDFKHQGLHLKP JHJHQEHUVWDQGHQ
,Q GLHVHP $XJHQEOLFN IKOWH HU ZLH GDV +RUQ YRQ 1XPPHUVHQGHWH0LWHLQHP0DOHUFNWHQVHLQH.DPSI JHIlKUWHQLQEUHLWHU)URQWJHJHQGLH)OXJHFKVHQYRUZREHL RIIHQVLFKWOLFK ZDU GD VLFK VHLQH )UHXQGH DXI LKQ YHUOLH HQ '\Q 5DJ EHWlWLJWH HUQHXW GHQ :HUIHU QXU QRFK GUHL 5lXEHUNRQQWHQIOFKWHQ9HUIROJWYRQGHQVLHEHQ3ODQLHU VDXULHUQYHUVFKZDQGHQGLH)OXJHFKVHQDP(QGHGHV7DOHV LQGHPQDFKXQWHQIKUHQGHQ6SDOW'HU3LORWEOLFNWHLKQHQ QDFKELVVLHQLFKWPHKU]XVHKHQZDUHQXQGVLFKGHU%DFK ZHOFKHU WDODEZlUWV IOR ZLHGHU EHUXKLJW KDWWH 'DV ZDU ZLH HLQH :ROIVMDJG GDFKWH '\Q 5DJ XQG HUVFKUDN 'LH bKQOLFKNHLWZDUYRUKDQGHQXQGGHVKDOEZDUEHVWLPPW]X HUZDUWHQGD GLH 5lXEHU LQ JU|HUHU $Q]DKO ZLHGHUNRP PHQZUGHQ'DQQZlUHHLQH9HUWHLGLJXQJVHKUVFKZLHULJ XQG ZDKUVFKHLQOLFK YHUJHEOLFK 6HLQH 3LORWHQNDSVHO ZDU ]ZDUVLFKHUDEHUZLHVROOWHHUVHLQH$QWHQQHEDXHQZHQQ GDV+RFKWDOYRQ)OXJHFKVHQEHKHUUVFKWZUGH" $Q GHQ QlFKVWHQ 7DJHQ NRVWHWH HV '\Q 5DJ YLHO 0KH XQG*HGXOGELVHU1XPPHUVRZHLWJHEUDFKWKDWWHGD HU PLW VHLQHP 6FKLOG HLQLJH )HOVEURFNHQ DQ GLH 6FKOXFKW VFKRE XQG KLQXQWHUSROWHUQ OLH $OV HU MHGRFK DXI GLHVH :HLVHGLHGULWWH/DGXQJQDFKXQWHQVWU]WHVHQGHWH1XP PHUPLWVHLQHP+RUQ1XQEHJDQQHQDOOHVLHEHQQDKH]X XQHUPGOLFK )HOVEURFNHQ KHUDQ]XVFKLHEHQ XP GHQ =X JDQJ Y|OOLJ ]X YHUVSHUUHQ (V ZDU GDQQ VFKRQ OHLFKWHU 1XPPHU XQG ]X EHZHJHQ HLQHQ ULHVLJHQ %ORFN JH PHLQVDPKHUDQ]XVFKLHEHQ(V]HLJWHVLFKGHXWOLFKGDGLH 7LHUHGHP3LORWHQYHUWUDXWHQ'\Q5DJQXW]WHGDVDXVXP VHLQHQ )UHXQGHQ QHXH %HIHKOH EHL]XEULQJHQ (U QDKP GLH EULJHQ 9RNDOH ]X +LOIH XQG YHUZHQGHWH 8P RGHU 'RS SHOODXWH ZLH å HLå RGHU DXå :HQQ HU ]XP %HLVSLHO Lå RGHUVFKLHEå VDJWHEHJDQQHQGLH7LHUHVHOEVWlQGLJ6WHLQ
EO|FNHZHJ]XVFKLHEHQ$XIå DUEHLWHWHQGDEHL]ZHLRGHU GUHL]XVDPPHQ :HQLJH7DJHJHQJWHQXPGLH)HOVVSDOWHYROOVWlQGLJ]X VFKOLHHQ '\Q 5DJ NRQQWH GLH (UIRUVFKXQJ GHV 7DOHV IRUWVHW]HQ 9RUKHU EHJDQQ HU PLW +LOIH YHUVFKLHGHQHU (U VDW]WHLOH HLQH HLIULJH %DVWHOWlWLJNHLW (U PXWH YHUPHLGHQ GDVHLQH%HIHKOHLPPHUDOOHVLHEHQ6DXULHULQ%HZHJXQJ VHW]WHQ'DVZDU(QHUJLHYHUVFKZHQGXQJGHQQHUEUDXFKWH GLH .UDIW GHU 7LHUH IU GLH %HZlOWLJXQJ VHLQHU +DXSWDXI JDEH 'DV )XQNVSUHFKJHUlW KDWWH YHUVFKLHGHQH 6HQGHEH UHLFKHGDPLWVLFKEHL$UEHLWHQLP:HOWUDXPGLHHLQ]HOQHQ $UEHLWVJUXSSHQ QLFKW JHJHQVHLWLJ VW|UWHQ XQG HLQHQ +DXSWEHUHLFK GHU JOHLFK]HLWLJ DOOH :HOOHQEHUHLFKH DQ VSUDFK'\Q5DJOLHGHQ+DXSWEHUHLFKXQYHUlQGHUWGDPLW HU DOOH VLHEHQ 6DXULHU ZLH ELVKHU DXFK JOHLFK]HLWLJ HUUHL FKHQNRQQWH)UGLH7HLOEHUHLFKHEDXWHHUVLHEHQ9HUVWlU NHU GLH HU DP +RUQ HLQHV MHGHQ 7LHUHV DQEUDFKWH :HQQ XQPLWWHOEDUDP(PSIlQJHUå GLH6HQGXQJYHUVWlUNWZXUGH ZDU ]X HUZDUWHQ GD QXU GHU DQJHVSURFKHQHå 6DXULHU GDUDXIUHDJLHUHQZUGH$XHUGHPOHJWHGHU3LORWQRFKHLQ :|UWHUEXFKå DQLQGDVHUHLQWUXJDXIZHOFKH/DXWHZHO FKHU %HIHKO GXUFKJHIKUW ZXUGH 'DEHL VXFKWH HU QRFK DQGHUH /DXWH GLH VLFK VWDUN YRQHLQDQGHU XQWHUVFKLHGHQ ]XP %HLVSLHO VFKå VVVå RGHU Så 'DPLW NRQQWH HU QRFK ]XVlW]OLFKH%HIHKOHHUWHLOHQ 'LH9HUVWlUNHUIXQNWLRQLHUWHQVRZLHHVGHU3LORWHUZDU WHW KDWWH (U EHJDQQ PLW GHQ EHLGHQ HUVWHQ 6DXULHUQ GLH HU]KDOWLJHQ %URFNHQ ZHOFKH GLH )XQNZHOOHQ VW|UWHQ ]X HLQHP VHKU JURHQ .UHLV DXVHLQDQGHU]XVFKLHEHQ 6WDWW ]X VW|UHQ ZUGHQ VLH GDQQ GLH )XQNZHOOHQ DOV 5HIOHNWRU LQ GLH JHSODQWH 5LFKWXQJ ]XUFNZHUIHQ XQG GDPLW GLH 6HQ GXQJ YHUVWlUNHQ 'LH 6DXULHU ZXUGHQ GXUFK GLH VFKZHUH
$UEHLWVFKQHOOPGHGHVKDOEZHFKVHOWH'\Q5DJIRUWZlK UHQGDXVELVHUQDFKQHXQ7DJHQGHQ.UHLVDXV)HOVEO|N NHQIHUWLJJHVWHOOWKDWWH %HVRUJW VDK GHU 3LORW GD GLH 6DXULHU QDFK GHU $UEHLW GRSSHOWVRYLHOIUDHQZLHYRUKHU'DGXUFKGDHUGDV7DO YHUVFKORVVHQ KDWWH ZDUHQ GLH 6DXULHU YRU 5DXEHFKVHQ JHVFKW]WGRFKVLHNRQQWHQHVQLFKWPHKUYHUODVVHQZHQQ HLQPDO GLH 1DKUXQJ QLFKW PHKU UHLFKWH 6LH PXWHQ DEHU QRFK YLHO $UEHLW IU LKQ YHUULFKWHQ (LQH ]XIlOOLJH %HRE DFKWXQJ ]HLJWH '\Q 5DJ HLQHQ $XVZHJ $OV HU GDV 6FKODFKWIHOGå EHUTXHUWH VWHOOWH HU IHVW GD GRUW GLH 3IODQ]HQ YLHO GLFKWHU XQG YLHO K|KHU VWDQGHQ DOV DQ GHQ DQGHUHQ6WHOOHQGHV 7DOHV 'DV NRQQWH QXU HLQH )ROJH GHV .DPSIHVVHLQEHLGHPHUVHLQHQ(QHUJLHZHUIHUHLQJHVHW]W KDWWH :DKUVFKHLQOLFK I|UGHUWHQ GLH UDGLRDNWLYHQ $EIDOO SURGXNWH GHV *HUlWHV GHQ 3IODQ]HQZXFKV '\Q 5DJ EH VFKORDXIGLHVH:HLVHQRFKHLQLJH:HLGHQIUGLH6DXULHU DQ]XOHJHQ (U ULWW PLW 1XPPHU ELV ]XU 4XHOOH 'RUW EHU]HXJWHHUVLFKGDGDV+RFKWDOMHW]WYROOVWlQGLJDEJH VFKORVVHQXQGVLFKHUZDU,QGLHVHU7DOHFNHKDWWHVLFKDXV GHPDQJHVWDXWHQ:DVVHUGHV%DFKHVHLQJURHUEUHLWHU6HH JHELOGHW GHQ NHLQH 5DXEHFKVH EHUVSULQJHQ NRQQWH '\Q 5DJULWWYRQGHU4XHOOHDQGHUGLH6DXULHULPPHUWUDQNHQ GLH JHVDPWH |VWOLFKH /lQJVVHLWH GHV 7DOHV HQWODQJ XQG JHEUDXFKWHHLIULJVHLQHQ(QHUJLHZHUIHUXPGHQ%RGHQIU HLQEHVVHUHV:DFKVWXPYRU]XEHUHLWHQ $QGHQQlFKVWHQ7DJHQVFKLFNWHGHU3LORWGLH6DXULHUGLH LKQ IUK LPPHU HUZDUWHWHQ ZLHGHU ZHJ (U PXWH DQ GHU /DQGHNDSVHO 7HLOH DEPRQWLHUHQ XQG QHX ]XVDPPHQ VFKZHLHQGDPLWHUHLQHJURH5LFKWDQWHQQHNRQVWUXLHUHQ NRQQWH $OV HU VHLQH )UHXQGH ZLHGHU EHQ|WLJWH NDP DXI VHLQHQ5XIQXU1XPPHUOYRUVHLQH %HKDXVXQJ '\Q5DJ
EHVWLHJ GHQ 6DXULHU XQG HKH HU NRPPDQGLHUHQ NRQQWH HLOWHGHU6DXULHUPLWLKPVFKRQGDYRQ(UUDQQWHLQ5LFK WXQJGHU 4XHOOHDEHUEHUHLWVDXIKDOEHP:HJHWUDI HU GLH DQGHUHQ 6LH VWDQGHQ PLWWHQ LQ KRFKDXIJHVFKRVVHQHQ 3IODQ]HQ XQG IUDHQ YHUJQJW 6LH VFKPDW]WHQ GDEHL VR GD'\Q5DJHUVWYHUPXWHWHHVZlUHHLQ:DVVHUIDOOLQGHU 1l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|FNHQ 'UHL 6DXULHU OLHHQ GDV 6HFKVHFN DXI GHQ %RGHQ IDOOHQ ZlKUHQG GLH DQGHUHQ VR ODQJH KDOWHQ PX WHQ ELV GHU 3LORW ]ZHL 6WW]HQ DQJHVFKZHLW KDWWH (U PXWH GLH 7LHUH IRUWZlKUHQG EHUXKLJHQ DEHU GDQQ VWDQG GDV 6HFKVHFN VFKUlJ EHU GHP %RGHQ JHQDX LQ GHU 0LWWH GHV.UHLVHV'\Q5DJKDWWHVHLQH$QWHQQHIHUWLJJHVWHOOW (U VFKOR VHLQHQ 6HQGHU XQG VHLQHQ (PSIlQJHU DQ XQG K|UWHSO|W]OLFKLP(PSIDQJVJHUlWHLQHODXWH6WLPPHUXIHQ '\Q5DJZRELVWGX"0HOGHGLFK:LUVXFKHQGLFK'\Q 5DJZRELVWGX"å 'DVZDUHQVHLQH)UHXQGHDXVGHU]ZHL WHQ 5DNHWH 6FKQHOO DQWZRUWHWH HU ,FK UXIH .DU 0\U ,FK EHILQGH PLFK DXI HLQHP ZRONHQEHGHFNWHQ 3ODQHWHQ LQ HLQHP +RFKWDO ,FK JHEH DQVFKOLHHQG 3HLOVLJQDOH 9HU
VXFKWPLFKDQ]XSHLOHQå =XU6LFKHUKHLWZLHGHUKROWHHUGLH 'XUFKVDJH QRFK ]ZHLPDO ,P (PSIlQJHU K|UWH HU LPPHU QRFK.DU0\UUXIHQ'\Q5DJZRELVWGX"0HOGH«å 0LW HLQHP0DOHEUDFKGLH'XUFKVDJHDEXQGGLH6WLPPHIXKU IRUW :LU KDEHQ GLFK JHK|UW %HJLQQH PLW GHP 3HLO]HL FKHQå '\Q 5DJ VWHOOWH GHQ 3HLOVHQGHU HLQ XQG EHUHLWV QDFK ZHQLJHQ 6WXQGHQ WHLOWH LKP .DU 0\U PLW GD VLH VHLQHQ$XIHQWKDOWVRUWEHVWLPPWKDWWHQXQGLQGUHLXQGGUHL LJ6WXQGHQEHLLKPHLQWUHIIHQZUGHQ $PQlFKVWHQ7DJPXWH'\Q5DJHUQHXWGLH+LOIHVHLQHU YLHUEHLQLJHQ)UHXQGHEHDQVSUXFKHQ XP HLQH /DQGHIOlFKH PLW)XQNPDUNLHUXQJHQDQ]XOHJHQGDPLWGLH5DNHWHVLFKHU ODQGHQ NRQQWH 'DV JHODQJ LKP ]LHPOLFK VFKQHOO 'DQDFK ULWWHUQRFKHLQH5XQGHXPGDVJDQ]H+RFKWDOVWHOOWHIHVW GDGLHYRQLKPJHSODQWHQ:HLGHQVFKRQVWDUNEHZDFKVHQ ZDUHQXQGOHJWHDQDQGHUHQ6WHOOHQGHV7DOHVQRFKZHLWHUH :HLGHQDQ$OVGHU$QNXQIWVWDJGHU5DNHWHDQEUDFKVHW]WH '\Q5DJGLH)XQNPDUNLHUXQJHQLQ%HWULHEGLHGHU5DNHWH GHQ:HJ]XP/DQGHSODW]ZHLVHQVROOWHQ'DVKDWWHPHUN ZUGLJH )ROJHQ 6DXULHU 1XPPHU XQG EHJDQQHQ SO|W]OLFKHLQHQ(OHIDQWHQWDQ] 6LH ZDUIHQ GLH 9RUGHUEHLQH QDFK YRUQ ]XU 6HLWH QDFK REHQ YHUVXFKWHQ VLFK DXI GLH +LQWHUEHLQH DXI]XULFKWHQ GUHKWHQ VLFK GUHLPDO XP VLFK VHOEVW'\Q5DJVFKDOWHWHVRIRUWGLH)XQNVWDWLRQHQZLHGHU DXVGLHEHLGHQ6DXULHUOLHHQHUVFK|SIWYRQLKUHPZLOGHQ 7DQ]DE'\Q5DJQDKPDOOHQ7LHUHQGLH9HUVWlUNHUZLHGHU DE 1XQ UHDJLHUWHQ GLH 6DXULHU QLFKW PHKU DXI GLH 3HLOVL JQDOHhEHUGHQ+DXSWEHUHLFKNRPPDQGLHUWHVLHGHU3LORW ]XU /DQGHNDSVHO 'RUW YHUSDFNWH HU DOOHV :HUWYROOH LQ VHFKV%HKlOWHUXQGOXGGLHVHVHLQHQ6DXULHUQDXI
.XU]YRUGHUEHUHFKQHWHQ$QNXQIWV]HLWGHU5DNHWHULWWHU PLWDOOHQ 7LHUHQ ]XP %DGHVHH GHQQ HU ZROOWH YHUPHLGHQ GD GLH ODQGHQGH 5DNHWH LKQHQ 6FKDGHQ ]XIJWH %DOG GDUDXI ODQGHWH GLH 5DNHWH DXI GHP YRUJHVHKHQHQ 3ODW] '\Q5DJGHUVLFKDXIGHP5FNHQYRQ1XPPHUEHIDQG JDE )XQNEHIHKO XQG QXQ JDORSSLHUWHQ DOOH VLHEHQ 6DXULHU ]XU 5DNHWH .DU 0\U GHU JHUDGH GLH 5DNHWH YHUODVVHQ KDWWHHUVFKUDNDOV GLH ULHVLJHQ 7LHUH LKP HQWJHJHQUDVWHQ 3O|W]OLFK EOLHEHQ VLH VWHKHQ XPULQJWHQ LKQ XQG JLQJHQ IROJVDPLP.UHLVXPLKQKHUXP'DEHLHQWGHFNWH.DU0\U
DXFK GHQ 5HLWHU YRQ 1XPPHU GHU YRQ VHLQHP 6DXULHU DEVWLHJXQGVHLQHQ5HWWHUVWUPLVFKXPDUPWH6LHYHUOXGHQ GLH VHFKV .LVWHQ XQG ZROOWHQ VWDUWHQ $EHU GLH VLHEHQ 6DXULHU VWDQGHQ GLFKW XP GLH 5DNHWH KHUXP '\Q 5DJ ZROOWHVLHYRUGHPJHIlKUOLFKHQ)HXHUVWUDKOGHU7ULHEZHU NH VFKW]HQ (U |IIQHWH QRFKPDOV GLH /XNH XQG VFKLFNWH VLH GXUFK )XQNVLJQDOH ]XP %DGHWHLFK ]XUFN .DXP ZDU GLH /XNH ZLHGHU JHVFKORVVHQ ZDUHQ GLH VLHEHQ 6DXULHU ZLHGHU GD '\Q 5DJ PXWH HUVW VHLQ 6SUHFKIXQNJHUlW DQ GLH 6HQGHDQODJH GHU 5DNHWH DQVFKOLHHQ XQG GXUFK )XQN VHLQH YLHUEHLQLJHQ )UHXQGH HUQHXW ]XP 6HH VFKLFNHQ PXWH GDV .RPPDQGR PHKUIDFK ZLHGHUKROHQ ELV GLH 5DNHWHVWDUWHQNRQQWHXQGLQGHQ:RONHQYHUVFKZDQG 8QWHQ LP 7DO DEHU VWDQGHQ VLHEHQ 6DXULHU XQG EOLFNWHQ YHUZXQGHUW]XGHQ:RONHQHPSRU³
$OV6FKDULPVHLQH(U]lKOXQJEHHQGHWKDWWHNODWVFKWHQ.UD XQG.ULEHJHLVWHUWLQGLH+lQGHXQGDOOHDQGHUHQNODWVFK WHQPLW6FKDULPIUHXWHVLFKGRFKDOVGDV.ODWVFKHQQLFKW DXIK|UHQZROOWHXQGLKQDOOHDQVDKHQZXUGHHUYRU9HUOH JHQKHLWJDQ]URWLP*HVLFKW'DVEHPHUNWH/DWGLHLQGHU lXHUVWHQ(FNHVD,KUZDUHVDXFKQLFKWDQJHQHKPZHQQ PDQ LKU LQV *HVLFKW VDK 'XUFK %LVVH YRQ 0DUVHLGHFKVHQ ZDULKUHUHFKWH*HVLFKWVKlOIWHPLWYLHOHQ1DUEHQEHGHFNW VRGDVLFK /DWLPPHUVRVHW]WHGD PDQ GLHVH 6HLWH GHV *HVLFKWV QLFKW VHKHQ NRQQWH $EHU VLH ZDU IHVW HQWVFKORV VHQ 6FKDULP DXV VHLQHU 9HUOHJHQKHLW ]X KHOIHQ 'HVKDOE VDJWHVLHÄ'LH*HVFKLFKWHEHZHLVWXQVGD DXFKZLU DOOH 6FKZLHULJNHLWHQ EHUZLQGHQ ZHUGHQ ZHQQ ZLU 0XW XQG $XVGDXHUKDEHQ³ Ä-D³HUJlQ]WH.RUÄPDQGDUIQLHDXIJHEHQ³ 1XQ PHOGHWH VLFK GHU ]HKQMlKULJH 0RW HLQHU GHU bSIH
OHVVHU ]X :RUW XQG IUDJWH Ä:HU HU]lKOW GLH QlFKVWH *H VFKLFKWH"³Ä,FK³ULHI/DW $EHU 6FKDULP ILHO LKU LQV :RUW XQG HUNOlUWH Ä(UVW ZLUG 1DFKWUXKH JHKDOWHQ DXFK ZHQQ GDV HLQLJHQ QLFKW JHIlOOW ,FKVDJHHXFKJDQ]HKUOLFKGDHVQRFKHLQHJDQ]H:HLOH GDXHUW HKH ZLU KLHU DEJHKROW ZHUGHQ 9LHOH 7DJH ZHUGHQ YHUJHKHQLQGHQHQZLUXQVHUH.UlIWHHUKDOWHQPVVHQ,KU VHLGNHLQH3DVVDJLHUHPHKULKUVHLGDEMHW]W.RVPRQDXWHQ )UHXFKJLOWGLH5DXPVFKLII'LV]LSOLQQDFKGHUVWUHQJVWHQ 2UGQXQJ 'LH 1DFKWUXKH PX JHQDX HLQJHKDOWHQ ZHUGHQ ZLU PVVHQ UHJHOPlLJ HVVHQ XQG WXUQHQ GDV :DVFKHQ GDUI QLFKW YHUJHVVHQ ZHUGHQ 1XU ZHQQ ZLU 'LV]LSOLQ KDOWHQN|QQHQZLUVLFKHUVHLQZLHGHU]XU(UGH]XUFN]X NHKUHQ 0XW $XVGDXHU XQG 'LV]LSOLQ JHOWHQ IU XQV VR ZLHVLHIUDOOHEHNDQQWHQXQGEHUKPWHQ5DXPIDKUHUGLH 5LFKWVFKQXUZDUHQ³ 6RKLHOWHQGDQQGLH.LQGHUGLH5DXPIDKUHU2UGQXQJELV ]XP OHW]WHQ 7DJ ELV ]XU OHW]WHQ 6WXQGH JHQDX HLQ VHOEVW ZHQQ VLH GDGXUFK HLQH *HVFKLFKWH QXU LQ )RUWVHW]XQJHQ K|UHQ NRQQWHQ (UVW DP QlFKVWHQ 9RUPLWWDJ EHJDQQ /DW LKUH *HVFKLFKWH Ä9RU IQI]LJ -DKUHQ QDKPHQ GLH 0HQ VFKHQ ]XP HUVWHQ 0DO 9HUELQGXQJ ]X GHQ =ZHUJHQ YRP $UDQLNXUDXI³ Ä'DVZLVVHQZLU³XQWHUEUDFKVLHHPS|UWGHU]Z|OIMlKUL JH /LW DXFK HLQ bSIHOHVVHU ÄGDV VWHKW LQ MHGHP /HKU EXFK³ Ä*HZL³HQWJHJQHWH/DWÄDEHUHVVWHKWQLFKWGDULQGD GLH 9HUELQGXQJ VFKRQ ]ZHLKXQGHUW -DKUH IUKHU P|JOLFK JHZHVHQZlUH³ 9HUZXQGHUW IUDJWH 6FKDULP Ä:RKHU ZLOOVW GX GDV ZLV VHQ"³ /DW DQWZRUWHWH Ä'DV LVW HLQH )DPLOLHQJHVFKLFKWH GLH PHLQH 8UXUXUXUXUXUXUXUJURPXWWHU ,UHQH VHOEVW HUOHEW
KDW³ 0DWGHUGULWWHbSIHOHVVHUODFKWHODXWKDOVORVXQGIUDJWH ]XUFNÄ:DVIUHLQH*URPXWWHU"³ Ä0DWKHPDWLVFKIRUPXOLHUW³ HU]lKOWH /DW ZHLWHU ÄZDU HV PHLQH 8UPDO*URPXWWHU GLH LP ]ZHLWHQ 'ULWWHO GHV ;; -DKUKXQGHUWV GLHVHV (UOHEQLV KDWWH GDV DOV 0lUFKHQ KXQGHUWIQI]LJ -DKUH LQ XQVHUHU )DPLOLH HU]lKOW ZXUGH (UVWPHLQ*URYDWHUHQWGHFNWHGDHVNHLQ0lUFKHQZDU XQG EHZLHV DXV GHQ $UFKLYHQ GHV $UDQLNXU GD HV GLH HUVWH %HJHJQXQJ GHU =ZHUJH PLW GHQ 0HQVFKHQ ZDU 0HLQH*HVFKLFKWHKHLWGHVKDOE %HL,UHQHSLHSWHV
'DV 5DXPVFKLII $UDQLNXU ,,,å KDWWH HLQH 8PODXIEDKQ HUUHLFKW GLH HV EHU GHQ JOHLFKHQ 3XQNW DXI GHU (UGREHU IOlFKHVFKZHEHQOLH$Q%RUGEHIDQGHQVLFKGUHL:LVVHQ VFKDIWOHUYRP3ODQHWHQGHU=ZHUJHGHUUXKLJHEHVRQQHQH .RPPDQGDQW0L1LGHU%LRORJH3L.RXQGGHU&KHPLNHU 0LO/L 6LH VROOWHQ IHVWVWHOOHQ RE VLFK DXI GHU (UGH YHU QXQIWEHJDEWH GHQNHQGH /HEHZHVHQ EHILQGHQ ,KU 5DXP VFKLII ZDU VR NOHLQ GD HV YRQ NHLQHU 5DGDUVWDWLRQ GHU (UGH DXIJHQRPPHQ XQG HUNDQQW ZHUGHQ NRQQWH =XIlOOLJ VWDQGHVJHUDGHEHUHLQHP7HLOGHU(UGREHUIOlFKHGHUYRQ HLQHU GLFKWHQ :RONHQGHFNH HLQJHKOOW ZXUGH =XU (UIO OXQJ GHV $XIWUDJHV VROOWH ]XHUVW HLQH DXWRPDWLVFKH 6RQGH DEJHVFKLFNW ZHUGHQ $XV LKUHQ $QJDEHQ NRQQWH IHVWJH VWHOOW ZHUGHQ RE EHUKDXSW /HEHQ DXI GHU (UGH P|JOLFK ZDU 'HU .RPPDQGDQW 0L1L EHWlWLJWH GHQ 6FKDOWHU DQ GHU 6HLWH GHV 5DXPVFKLIIHV |IIQHWH VLFK HLQH .ODSSH XQG GLH PHWDOOLVFKH 6RQGH ZXUGH KHUDXVJHVFKREHQ 1RFK VFKZHEWH VLH QHEHQ GHP 5DXPVFKLII GRFK 0LO/L JDE
EHU GLH )HUQVWHXHUXQJ GDV 6WDUWNRPPDQGR GHU 6FKZHU NUDIWZDQGOHU EHJDQQ ]X DUEHLWHQ GLH 6RQGH VDQN DOV VLO EHUQJOlQ]HQGHU3XQNWQDFKXQWHQXQGYHUVFKZDQGLQGHQ :RONHQ GLH JHUDGH QRFK YRQ GHU 6RQQH VHLWOLFK EHVFKLH QHQ ZXUGHQ $XI GHU (UGH KDWWH GLH 'lPPHUXQJ VFKRQ EHJRQQHQ 7URW] GHV EHGHFNWHQ +LPPHOV ZDU HV HLQ VFK|QHU ZDU PHU 6RPPHUDEHQG ,UHQH VD DQ HLQHP 7LVFK YRU HLQHP SULPLWLYHQ +RO]KlXVFKHQ GDV PDQ GDPDOV *DUWHQODXEH QDQQWH 6LH ODV LQ YHUVFKLHGHQHQ %FKHUQ XQWHUVWULFK PDQFKH =HLOHQ URW PDQFKH EODX NXU] VLH EHUHLWHWH VLFK DXI LKUH PQGOLFKH $EVFKOXSUIXQJ YRU $XHUGHP JDE HVQRFKHLQHQZHLWHUHQ*UXQGZDUXPVLHHLQLJH.LORPHWHU YRQ GHU 6WDGW HQWIHUQW LQ GLHVHP +RO]KlXVFKHQ VD ,KUH MQJHUHQ *HVFKZLVWHU KDWWHQ HLQH DQVWHFNHQGH .UDQNKHLW 'DPLW ,UHQH JHVXQG EOLHE ZDU VLH PLW LKUHQ %FKHUQ KLHUKHUJHJDQJHQ 6LH ZDU VHFK]HKQ -DKUH DOW ZDU GLH JU|WH 6FKOHULQ LKUHU .ODVVH XQG KDWWH HLQHQ VWDUNHQ :LOOHQ'HVKDOEZDUVLHIOHLLJXQGDXVGDXHUQGZHQQVLH HLQ EHVWLPPWHV =LHO HUUHLFKHQ ZROOWH ,KUH (OWHUQ NRQQWHQ VLFK IHVW DXI VLH YHUODVVHQ 6LH DUEHLWHWH QRFK REZRKO HV OlQJVW GXQNHO JHZRUGHQ ZDU DEHU VLH KDWWH LKU 7DJHV]LHO QRFKQLFKWHUUHLFKW$XIGHP+RO]WLVFKVWDQGHLQH/DPSH LQGHUGXUFKGLH9HUEUHQQXQJYRQ3HWUROHXP/LFKWHU]HXJW ZXUGH'LHVHVFKLHQQLFKW JDQ]LQ2UGQXQJ ]X VHLQ GHQQ HLQ VWDUNHU 3HWUROHXPJHVWDQN XPJDE VLH 'DV KDWWH GHQ 9RUWHLO GD 0FNHQ )OLHJHQ XQG DQGHUH ,QVHNWHQ WURW] GHV/LFKWHV,UHQHEHLLKUHU$UEHLWNDXPEHOlVWLJWHQ 1DFKHLQLJHU =HLWNODSSWH ,UHQHLKUH %FKHU]XGDV 7D JHVVROO ZDU JHVFKDIIW $XHUGHP KDWWH VLH +XQJHU 6LH JLQJ]XPDOWHQ%UXQQHQDQGHVVHQ6WHLQGHFNHOHLQ'UDKW NRUEKLQJ'RUWODJHQLKUH /HEHQVPLWWHOGDPLWVLHVLFKLQ
GHU NKOHQ %UXQQHQOXIW IULVFK KDOWHQ VROOWHQ ,UHQH KDWWH LKUHQ(OWHUQYHUVSURFKHQMHGHQ7DJ HLQH ZDUPH 0DKO]HLW ]X HVVHQ 'DV KDWWH VLH KHXWH QRFK QLFKW JHWDQ 'HVKDOE HQW]QGHWHVLHLQHLQHPNOHLQHQHLVHUQHQ2IHQHLQ.RKOHQ IHXHUXQGEHUHLWHWHGLH%UDWSIDQQHYRU3O|W]OLFKVFKUHFNWH ,UHQH DXI (WZDV UDXVFKWH GXUFK GLH /XIW GDQQ GUDQJ DXV GHP*DUWHQHLQ3UDVVHOQXQG.QLUVFKHQbVWHEUDFKHQXQG =ZHLJHNQDFNWHQ0XWLJUDQQWHVLH DXV GHU /DXEH KHUDXV ,QGHUKLQWHUVWHQ(FNHGHV*DUWHQVERWVLFKLKUHLQVHOWVD PHU $QEOLFN 8QWHU GHP JURHQ .LUVFKEDXP ODJHQ DEJH EURFKHQHbVWH,P%DXPKLQJHWZDVGDVZLHHLQH/DPSH DXVVDK XQG VFKZDQNWH KHIWLJ KLQ XQG KHU DXI XQG DE GUHKWHVLFKXPVHLQH$FKVHXQGZLHGHU]XUFN )XUFKWORV WLSSWH ,UHQH PLW HLQHP )LQJHU DQ GHQ JHKHLPQLVYROOHQ *HJHQVWDQG HU ZDU ]ZDU HUZlUPW GRFK QLFKW KHL 'HV KDOE JULII VLH EHKHU]W ]X GUHKWH XQG NLSSWH LKQ VR ODQJH ELV VLH GDV PHUNZUGLJH *HELOGH DXV GHP *HZLUU GHU =ZHLJH EHIUHLW KDWWH 'DV ZDU QLFKW HLQIDFK GHQQ HV ZDU ]LHPOLFKVFKZHUXQG,UHQHZDUIURKDOVVLHHVHQGOLFKDXI GHP7LVFKYRUGHU/DXEHDEVHW]HQNRQQWH ,P5DXPVFKLIIVDHQGLHGUHL:LVVHQVFKDIWOHUXQGEHRE DFKWHWHQDXIPHUNVDPGLH0HJHUlWHDQGHQHQGLH0HHU JHEQLVVHGHU6RQGHDEJHOHVHQZHUGHQNRQQWHQ'HU.RP PDQGDQW0L1LVWHOOWHEHGDXHUQGIHVW:LHZLUHVHUZDUWHW KDEHQ ZLUG GLH 6FKZHUNUDIW LPPHU JU|HU :LU ZHUGHQ GHQ 3ODQHWHQ QLH EHWUHWHQ N|QQHQå 0LW HLQHP 0DOH EH JDQQHQ GLH =HLJHU GHU 0HJHUlWH HLQH ZLOGH %HZHJXQJ URWH JHOEH .RQWUROODPSHQ OHXFKWHWHQ DXI XQG HUORVFKHQ UDVFKZLHGHU'LHGUHL.RVPRQDXWHQZDUHQHQWVHW]W3L.R GLNWLHUWHGDV(UJHEQLVLQGDV$XIQDKPHJHUlW$XIGLHVHP 3ODQHWHQPXHVIXUFKWEDUVHLQ'LH6RQGHYROOIKUWZLOGH %HZHJXQJHQ GUHKW VLFK XP VLFK VHOEVW NLSSW QDFK DOOHQ
5LFKWXQJHQVWHKWMHW]WVRJDUNRSI,QGHU1lKHGHU3ODQH WHQREHUIOlFKH PVVHQ JHZDOWLJH 6WUPH WREHQå 'DEHL KDWWH,UHQHQXUGLHVFKDXNHOQGH6RQGHDXVGHP*HZLUUGHU =ZHLJHEHIUHLW 'Då ULHIHUUHJW0LO/LVLHLVWJHODQGHWVLHLVW]XU5XKH JHNRPPHQå 5LFKWLJå EHVWlWLJWH GHU .RPPDQGDQW XQG VDJWH :LU VFKDOWHQMHW]WDXI*HUlXVFKHPSIDQJXP$XHUGHPZHUGH LFK GLH 6RQGH OHXFKWHQ ODVVHQ GDPLW /HEHZHVHQ XQVHUHQ %RWHQHUNHQQHQN|QQHQå
,UHQH KDWWH GLH 6RQGH DXI GHQ 7LVFK JHVWHOOW XQG ZDU LQ GLH /DXEH]XLKUHU %UDWSIDQQH JHJDQJHQ 'DGXUFK NRQQWH VLH GDV /HXFKWHQ QLFKW EHPHUNHQ GHQQ GDV /LFKW LKUHU /DPSH ZDU KHOOHU 'LH OHXFKWHQGH 6RQGH ZDU IU GLH ,Q VHNWHQ LP *DUWHQ HLQ ORFNHQGHU $Q]LHKXQJVSXQNW (UVW XPNUHLVWH HLQH 0FNH GHQ OHXFKWHQGHQ .|USHU GDQQ ZDUHQHVGUHLXQG]XOHW]WVFKZLUUWHHLQHGLFKWH:RONHYRQ ,QVHNWHQ XP GLH 6RQGH KHUXP :HQQ GDV 6\VWHP GHU 6RQGH HLQH 0HOGXQJ DQ GDV 5DXPVFKLII DEJDE NRQQWH PDQ HLQHQ ODQJHQ SLHSHQGHQ 7RQ K|UHQ HV NODQJ DOV VHL HLQH*UXSSHYRQ.FNHQLP*DUWHQ'DVK|UWHDXFK,UHQH REZRKO VLH LQ GHU /DXEH ZDU 5DVFK OLHI VLH KLQDXV XQG EOLHEYHUZXQGHUWVWHKHQDOVVLHGLH,QVHNWHQVFKDUXQGGHQ OHXFKWHQGHQ *HJHQVWDQG VDK GHQ VLH QXQ GRFK IU HLQH /DPSH KLHOW 0LW HLQHP 7XFK ZHGHOWH VLH GLH ,QVHNWHQ EHLVHLWHJULIIQDFKGHU/DPSHå XQGWUXJVLHLQGLH/DXEH 6LH ZROOWH GLH 7U VFKQHOO VFKOLHHQ XP GLH ,QVHNWHQ IHUQ]XKDOWHQ$EHUGLH7UNOHPPWHHLQZHQLJ,UHQHOHJWH GLH 6RQGH DXV GHU +DQG XQG VWHOOWH VLH KDDUJHQDX QHEHQ GLH %UDWSIDQQH DXI GHQ JHKHL]WHQ 2IHQ $OV GLH 7U HQG OLFK JHVFKORVVHQ ZDU EHPHUNWH ,UHQH HUVW EHZXW DXI ZHOFKHQ KHLHQ 3ODW] VLH GLH PHUNZUGLJH /DPSHå JH VWHOOWKDWWH (UZDUWXQJVYROO VDHQ LP 5DXPVFKLII GLH GUHL =ZHUJH DP .RQWUROODXWVSUHFKHU 'D OLH VLFK HLQ KRKHU 7RQ YHU QHKPHQHUVWOHLVHGDQQLPPHUODXWHUZHUGHQG'DQQZDU QRFKHLQ]ZHLWHUXQGHLQGULWWHUGLHVHU7|QHJOHLFK]HLWLJ]X K|UHQ3L.RVFKDOWHWHGDVhEHUVHW]XQJVJHUlWHLQXQGGHU $XWRPDW EHUVHW]WH QXU 6VVVVVVVVVVVVVVVVV 6VVVVVV 6VVVVå 'LH /DXWVWlUNH ZXUGH LPPHU JU|HU GLH hEHUVHW ]XQJVDXWRPDWLN VFKDOWHWH VLFK ZHJHQ hEHUODVWXQJ VHOE VWlQGLJ DXV 'HU HPSILQGVDPH 0LO/L JULII VLFK DQ GLH
2KUHQ ZHLO LKP GLH 7|QH 6FKPHU]HQ EHUHLWHWHQ 0L1L VWHOOWH GLH /DXWVWlUNH DXI GHQ NOHLQVWHQ :HUW ]XUFN 7URW]GHP ZXFKV GHU /lUP GHV VFKULOOHQ .RQ]HUWV LPPHU PHKU2EZRKOMHW]WDXFKWLHIH%UXPPW|QH]XK|UHQZDUHQ PXWH 0L1L GLH (PSIDQJVDQODJH JDQ] DXVVFKDOWHQ GLH 2KUHQ GHU GUHL 5DXPIDKUHU KLHOWHQ GHQ /lUP QLFKW PHKU DXV 3L.R GLNWLHUWH ZHLWHU )XUFKWEDUH XQG ODXWH 7|QH ZXUGHQ HPSIDQJHQ (V N|QQWH VLFK XP *HUlXVFKH GHV JHZDOWLJHQ 6WXUPV KDQGHOQ 9RQ /HEHZHVHQ NHLQH 6SXUå $OV GHU .RPPDQGDQW GHQ 7RQHPSIDQJ DEVFKDOWHWH KDWWH HU JOHLFK]HLWLJ GDV 7HPSHUDWXUPHV\VWHP LQ 7lWLJNHLW JHVHW]W.DXPZDUHQGLHHUVWHQ0HHUJHEQLVVHHUVFKLHQHQ DOV GHU %LRORJH 3L.R HUVFKURFNHQ DXIVSUDQJ XQG ULHI 'D6HKWDQ'LH0HJUHQ]HLVW HUUHLFKW 6FKOX 'LH +LW]H KDW GDV 0HV\VWHP ]HUVW|UWå 'DQQ VHW]WH HU VLFK ZLHGHU XQG GLNWLHUWH PLW K|UEDUHU (QWWlXVFKXQJ 'LH JHPHVVHQHQ 7HPSHUDWXUHQ ODVVHQ HLQ RUJDQLVFKHV/HEHQDXIGHP3ODQHWHQQLFKW]Xå ,UHQH ZROOWH GLH 6RQGH YRP 2IHQ HQWIHUQHQ 6LH Kl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lUWHGLH.XUYHQ:DVVHUULQJVXPQXU:DVVHU 'DV :DVVHUHQWKlOWNHLQHJHO|VWHQ6WRIIHHVNDQQGHVKDOEQLFKW
HLQPDO3IODQ]HQZXFKVJHEHQå =XUJOHLFKHQ=HLWKROWH,UHQHGLH6RQGHDXVGHP:DVVHU ID KHUDXV XQG KLQJ GHQ 0HWDOON|USHU DQ HLQHQ +DNHQ LQ GHU /DXEHQZDQG =XIlOOLJ ZDU GDQHEHQ GHU %OHFKVFKRUQ VWHLQ DXV GHP GHU 5DXFK LQ GLFKWHQ 6FKZDGHQ TXROO 1DWUOLFK PHOGHWHQ GLH $QDO\VDWRUHQ GLH =XVDPPHQVHW ]XQJGHV5DXFKHVDQGDV5DXPVFKLII$OVDEHU ,UHQH HQW GHFNWH GD VLFK GLH 2EHUIOlFKH GHV 0HWDOON|USHUV PLW HLQHUGLFNHQ5XVFKLFKWEHGHFNWKDWWHJULIIVLH]X/DSSHQ XQG 6HLIH XQG YHUVXFKWH GHQ 5X ]X HQWIHUQHQ 'DEHL HUNDQQWHVLHDXFKGDHVEHVWLPPWNHLQH/DPSHZDUXQG YHUPXWHWH HV N|QQWH VLFK XP HLQHQ 7HLO HLQHU DXWRPDWL VFKHQ:HWWHUVWDWLRQKDQGHOQ ,P 5DXPVFKLII lQGHUWHQ VLFK DOOH .XUYHQ .RSIVFKW WHOQG HUNOlUWH 0LO/L ZHLWHU .RKOHQGLR[LG *LIWLJHV .RKOHQPRQR[LG 7HHU 5HLQHU SXOYHUI|UPLJHU .RKOHQ VWRIIå 0L1LIUDJWHYHUZXQGHUW:DUXPlQGHUWVLFKGLH8PJH EXQJXQVHUHU6RQGHVRVWDUN"å 3L.R DQWZRUWHWH 9LHOOHLFKW VLQG YXONDQLVFKH (UVFKHL QXQJHQ GLH 8UVDFKHå *HUDGH ZROOWH GHU &KHPLNHU GLH (UJHEQLVVH ]XVDPPHQIDVVHQ DOV GLH =HLJHU XQG .XUYHQ GHU0HJHUlWHHUQHXWLQ%HZHJXQJJHULHWHQ:LHGHUODVHU YRU /|VXQJ HLQHV EDVLVFKHQ 6DO]HV LQ :DVVHU QLFKWV DOV GLHVH/|VXQJå 'HU .RPPDQGDQW VFKDOWHWH GLH $QDO\VDWRUHQ DXV XQG 3L.R GLNWLHUWH 8QWHU GLHVHQ FKHPLVFKHQ %HGLQJXQJHQ NDQQ NHLQ /HEHZHVHQ H[LVWLHUHQå 'DUDXIKLQ VFKOXJ GHU .RPPDQGDQWYRUGLHVHQVLFKHUXQEHZRKQWHQ3ODQHWHQ]X YHUODVVHQ 'LH EHLGHQ DQGHUHQ :LVVHQVFKDIWOHU EDWHQ LKQ QRFK HLQLJH =HLW ]X ZDUWHQ ZHLO VLH HLQLJH 0HVVXQJHQ QRFK QLFKW GXUFKJHIKUW KDWWHQ )U ,UHQH ZXUGH HV =HLW
GD VLH LKU $EHQGHVVHQ EHJDQQ 6LH VWHOOWH GLH JHUHLQLJWH 6RQGHDXIGHQ7LVFK]XIlOOLJ]ZLVFKHQHLQHJURH%OHFK VFKDFKWHO PLW .lVH XQG LKU .RIIHUUDGLR %HL GLHVHU *HOH JHQKHLWVWHOOWH,UHQHGDV5DGLRDQ0LWGHUJU|WP|JOLFKHQ /DXWVWlUNH ± GDV ZDU GDPDOV VR EOLFK ± GU|KQWH HLQH UK\WKPLVFKH 7DQ]PXVLN GXUFK GLH /DXEH GXUFK GHQ *DU WHQ XQG GLH LP 8PNUHLV YRQ GUHL .LORPHWHUQ OLHJHQGH /DQGVFKDIW 'LHGUHL:LVVHQVFKDIWOHULP5DXPVFKLIIVHW]WHQLKUOHW] WHV 0HV\VWHP HLQ HLQHQ *HUXFKVEHUWUlJHU .DXP KDWWH HU VHLQH 7lWLJNHLW EHJRQQHQ DOV GLH GUHL =ZHUJH ]XUFN SUDOOWHQ(LQIUFKWHUOLFKHU*HVWDQNHQWVWU|PWHGHP*HUlW 'LH.RVPRQDXWHQUDQJHQQDFK/XIWKLHOWHQVLFKGLH1DVH ]XXQG0LO/LVSUDQJ]XU)HUQVWHXHUXQJXQGVFKDOWHWHPLW OHW]WHU .UDIW GHQ *HUXFKVEHUWUlJHU DXV 'DEHL VWUHLIWH HU GHQ 6FKDOWHU GHV 7RQHPSIlQJHUV XQG VFKDOWHWH LKQ XQDE VLFKWOLFK HLQ 'DV KlWWH EHLQDKH ]X HLQHU .DWDVWURSKH JH IKUW 2EZRKO YRP HUVWHQ (PSIDQJ KHU GLH JHULQJVWH /DXWVWlUNHHLQJHVWHOOWZDUIKUWHQGLHHUVWHQDEJHVWUDKOWHQ 7DQ]PXVLNW|QH GD]X GD DOOH GUHL YROOHU 6FKPHU] DXI EUOOWHQVLFKGLHVFKPHU]HQGHQ2KUHQPLWEHLGHQ+lQGHQ EHGHFNWHQ XQG LQ GLH lXHUVWHQ (FNHQ GHV 5DXPHV IOFK WHWHQ 0XWLJ VFKRE VLFK GHU .RPPDQGDQW LPPHU QRFK EHLGH +lQGH DQ GLH 2KUHQ JHSUHW LQ HLQH JQVWLJH $XV JDQJVSRVLWLRQ VSUDQJ DQV 6WHXHUSXOW VFKRE GLH UHFKWH 6FKXOWHUYRUGDVUHFKWH2KU XQG VFKDOWHWH GHQ (PSIlQJHU DXV 'LH GUHL :LVVHQVFKDIWOHU OLHIHQ ODQJVDP ]X LKUHQ 6HVVHOQ XP VLFK YRQ GHU IXUFKWEDUHQ $QVWUHQJXQJ ]X HUKROHQ 'DQQ EOLFNWH GHU .RPPDQGDQW GLH DQGHUHQ DQ GLHVH QLFNWHQ VFKZHLJHQG XQG 0L1L JDE GHU 6RQGH GHQ %HIHKO]XU5FNNHKU
%HYRU GLH 6RQGH VWDUWHQ NRQQWH PXWHQ VLFK HUVW GLH $QWULHEVPDVFKLQHQ HUZlUPHQ 'XUFK GDV KlXILJH 3LHSHQ GHU )HUQVWHXHUXQJ ZXUGH ,UHQH DXIPHUNVDP IDWH GHQ 0HWDOON|USHU DQ XQG EHPHUNWH GD HU VLFK ]XQHKPHQG HUZlUPWH 'DV VFKLHQ LKU EHGHQNOLFK GHQQ LQ GHU K|O]HU QHQ /DXEH EHVWDQG %UDQGJHIDKU 0LW GHP GLFNHQ /DSSHQ IDWH VLH GLH 6RQGH DQ XQG WUXJ VLH KLQDXV :R VROOWH VLH GHQKHLHQ*HJHQVWDQGDEVHW]HQ"(VPXWHDXVUHLFKHQGHU $EVWDQG YRQ GHU /DXEH HLQJHKDOWHQ ZHUGHQ GDV K|O]HUQH *HUVW GHU +LPEHHUUDQNHQ GXUIWH QLFKW LQ GHU 1lKH VHLQ XQG DXFK GHU $EIDOOKDXIHQ PLW GHQ WURFNHQHQ bVWHQ ZDU XQJHHLJQHW $EHU GHU VWHLQHUQH 'HFNHO GHV %UXQQHQV ZDU VLFKHU 6LH KDWWH LKU =LHO QRFK QLFKW HUUHLFKW DOV GHU /DS SHQ ]X UDXFKHQ EHJDQQ XQG GLH VWUDKOHQGH +LW]H DXI LKUH +DQG EUDQQWH 0LW HLQHP 6DW] ZDU VLH DP %UXQQHQ XQG OLHGLH6RQGHDXVGHU+DQGJOHLWHQ'DVHW]WHJHUDGHGHU $QWULHEHLQ'DGXUFKNLSSWHGLH6RQGHXPILHO]XU6HLWH UROOWHLQGHQ'UDKWNRUEGHUXQWHUGHP*HZLFKWDEUL'LH 6RQGH ZDU YRP 'UDKWQHW] XPKOOW GDGXUFK NRQQWH NHLQ )XQNVLJQDO]XLKUJHODQJHQ'LHVWHXHUORVH6RQGHNODWVFKWH PLW HLQHP PlFKWLJHQ 3ODWVFK LQ GHQ ]HKQ 0HWHU WLHIHQ %UXQQHQ 0L1L GHU .RPPDQGDQW EHGDXHUWH GHQ 9HUOXVW GHU 6RQGHXQGEHIDKOGHQ6WDUW'DV5DXPVFKLIIHQWIHUQWHVLFK UDVFK YRQ GHU (UGH $XI GHP $UDQLNXU EHULFKWHWHQ GLH :LVVHQVFKDIWOHU YRQ GHU 8QEHZRKQEDUNHLW GHU (UGH 'LH 6RQGHODJKXQGHUWIQI]LJ-DKUHDXIGHP*UXQGGHV%UXQ QHQVELVVLHPHLQ*URYDWHUGRUWIDQG³ $OV /DW JHHQGHW KDWWH NODWVFKWHQ ZLHGHU DOOH %HLIDOO XQG EHPHUNWHQ QRFK QLFKW GD 6FKDULP GHQ 5DXP YHUODVVHQ KDWWH.\UZXWHGDGLH3LORWHQVHKUEHVRUJWZDUHQZHLO
HV LPPHU QRFK QLFKW JHOXQJHQ ZDU HLQH )XQNYHUELQGXQJ KHU]XVWHOOHQ6FKDULPVDEHVWLPPWVFKRQZLHGHUYRUGHP )XQNJHUlW8P]XYHUKLQGHUQGDGHQ.OHLQHQGDV)HKOHQ GHV3LORWHQDXIILHOIUDJWH.\UÄ:DUXPLVWGLH*HVFKLFKWH QLFKW DOOHQ EHNDQQW"³ /DW EHUOHJWH XQG DQWZRUWHWH Ä:DKUVFKHLQOLFKZHLOZLUGLH=ZHUJHYRP$UDQLNXUQLFKW EHOHLGLJHQ RGHU NUlQNHQ ZROOHQ³ Ä'DV DXFK³ VDJWH DXI HLQPDO HLQH WLHIH 6WLPPH .DSLWlQ .DXULV ZDU XQEHPHUNW KHUEHLJHNRPPHQÄDEHUHVJLEWQRFKHLQHQDQGHUHQ*UXQG (LQH VROFKH ([SHGLWLRQ LVW HLQH JURH /HLVWXQJ GLH PDQ HLQIDFK EHZXQGHUQ PX :DV YRQ LKU HZLJ EOHLEW LVW GDV (UJHEQLV ,KUH 7HLOQHKPHU DEHU VLQG 0HQVFKHQ PLW DOOHQ 9RU]JHQXQGDOOHQ6FKZlFKHQGLHHLQ0HQVFKKDW'HV KDOE OlW PDQ GLH JHZL OXVWLJHQ XQG LQWHUHVVDQWHQ .OHL QLJNHLWHQ ZHJ ZHQQ PDQ GLH ZLVVHQVFKDIWOLFKH /HLVWXQJ IUGLH1DFKZHOWIHVWKlOW6RZDUHVDXFKDOV6X1DWXQG 7HU 0HQJ HLQLJH -DKUH DXI GHP %XPHUDQJå YHUEUDFKWHQ LKUH)RUVFKXQJVHUJHEQLVVHVWHKHQLP %XFK DEHU ZDV VLFK GRUWQRFKDEJHVSLHOWKDWGDVEOLHEJHKHLP³ Ä%LWWH HU]lKOHQ %LWWH HU]lKOHQ³ ULHIHQ GLH bSIHOHVVHU LP&KRU Ä*XW³VDJWH.DXULVÄZHQQZLHGHU(U]lKO]HLWLVWHU]lKOH LFKGLH*HVFKLFKWH 'HU+XQGYRP%XPHUDQJ
'DV ZDU GDPDOV DOV GLH HUVWH ([SHGLWLRQ ]XP -XSLWHU VWDUWHQ VROOWH (V ZDU HLQ JHIDKUYROOHV 8QWHUQHKPHQ GHV KDOE VROOWH GHU 5LHVHQSODQHW QXU LQ JURHU (QWIHUQXQJ XPNUHLVW ZHUGHQ *OHLFK]HLWLJ ZROOWH PDQ QHXH %HREDFK WXQJHQDQGHQZHLWHUHQWIHUQWHQ3ODQHWHQYRUQHKPHQ 'DV QHXH 5DXPVFKLII VFKZHEWH VWDUWEHUHLW QRUGZHVWOLFK
GHV0RQGHV$Q%RUGEHIDQGHQVLFKQXUGHU.RPPDQGDQW 6X 1DW XQG GHU &KHINRQVWUXNWHXU 7HU 0HQJ 6LH HUZDUWH WHQ GLH %HVDW]XQJ IU GLH JURH )DKUW 6WDWW GHVVHQ NDP HLQH GULQJHQGH )XQNZDUQXQJ :LH EHL XQVHUHU 5DNHWH QlKHUWH VLFK EHUUDVFKHQG HLQ 6FKZDUP YRQ 0HWHRUHQ 6RIRUW VFKDOWHWH GHU .RPPDQGDQW GLH *HIDKUHQDXWRPDWLN HLQ 'DQQ VFKORVVHQ EHLGH 0lQQHU LKUH 5DXPDQ]JH JHUDGH QRFK ]XU UHFKWHQ =HLW (LQ XQJHKHXHUHV .UDFKHQ HUW|QWHGDV6FKLIIVFKZDQNWHXQGSO|W]OLFKGRQQHUWHQGLH 7ULHEZHUNH ORV (LQ 0HWHRULW KDWWH GLH 6WHXHU]HQWUDOH JHWURIIHQXQGGDGXUFKGHQ6WDUWDXVJHO|VW:HLWHUH7UHIIHU LQGLH'VHQOLHHQGDV6FKLIILQHLQHPZLOGHQ=LFN]DFN NXUV GDYRQVFKLHHQ 6X 1DW XQG 7HU 0HQJ ZXUGHQ YRQ GHP JHZDOWLJHQ %HVFKOHXQLJXQJVGUXFN ]X %RGHQ JH VFKOHXGHUW+LOIORVODJHQVLHDQGHU$XHQZDQG$EHUGHU .RPPDQGDQW YHUVXFKWH VHLQ 6FKLII ]X UHWWHQ =HQWLPHWHU XP=HQWLPHWHU]RJHUVLFKLQ5LFKWXQJGHU)HUQVFKDOWDQOD JH REZRKO LKQ GLH 6W|H GHV UDVHQGHQ 5DXPVFKLIIHV RIW PHWHUZHLW ]XUFNZDUIHQ %HKDUUOLFK QlKHUWH VLFK VHLQH DXVJHVWUHFNWH +DQG GHP 6FKDOWSXQNW ELV HU LKQ HQGOLFK HUUHLFKWH XQG GLH 7ULHEZHUNH YHUVWXPPWHQ 1XQ ZDU HV VWLOOLP5DXP'DV6FKLIIKDWWHHLQHKRKH*HVFKZLQGLJNHLW HUUHLFKWGDVNRQQWHQ6X1DWXQG7HU0HQJDQGHQ0HJH UlWHQDEOHVHQ'LHVH]HLJWHQDXFKGDV$XVPDGHU=HUVW| UXQJHQ DQ 'DV +HFN ZDU GXUFKO|FKHUW YLHOH 'VHQ ]HU VW|UW GHU 6WHXHUUDXP KDWWH 6FKlGHQ LQ GHU $XHQZDQG XQG GLH 6SLW]H GHV 5DXPVFKLIIHV IHKOWH Y|OOLJ $EHU HLQ .RVPRQDXWJLEWQLHPDOVDXI'LH0lQQHUVFKDXWHQVLFKDQ XQGQLFNWHQVLFKDXIPXQWHUQG]X'DQQDUEHLWHWHQVLHVLFK 5DXPXP5DXP6HNWLRQXP6HNWLRQELV]XP6WHXHUUDXP YRU VWLHJHQ EHU %HUJH YRQ %FKHUQ XQG 6FKHUEHQ 7UPPHU YRQ (LQULFKWXQJVJHJHQVWlQGHQ XQG JHNQLFNWH
5RKUOHLWXQJHQ $Q GHU 7U GHV 6WHXHUUDXPV PXWHQ VLH ]XHUVW GLH 6LFKHUKHLW LKUHU 5DXPDQ]JH YRQ HLQHP $XWR PDWHQ SUIHQ ODVVHQ HKH VLFK GLH 7U |IIQHWH $EHU QXU HLQHVFKPDOHgIIQXQJJDEVLHIUHLGDQQVWLHVLHDXIHLQHQ :LGHUVWDQG9RUVLFKWLJEOLFNWH6X1DWLQGHQ5DXP.RSI JURH /|FKHU LQ GHU $XHQZDQG XQG ]HUVFKPHWWHUWH 6FKDOWVFKUlQNHLQ HLQHP*HZLUUYRQ]HUIHW]WHQ /HLWXQJHQ XQG5RKUHQ±HVVDKYLHOYLHOVFKOLPPHU DXVDOVEHL XQV 'LH EHLGHQ 0lQQHU EHJDQQHQ XQYHU]DJW PLW GHU $UEHLW 'LHJHQDXHhEHUSUIXQJHUJDEGDGLH&RQWDLQHUPLWGHQ ZLVVHQVFKDIWOLFKHQ *HUlWHQ IU GLH ([SHGLWLRQ XQEHVFKl GLJWZDUHQ$XFKGLH*UXSSHGHU5HSDUDWXUXQG$UEHLWV DXWRPDWHQ KDWWH GLH .DWDVWURSKH RKQH %HVFKlGLJXQJHQ EHUVWDQGHQ 'DPLW KDWWHQ GLH EHLGHQ .RVPRQDXWHQ QRFK ZLFKWLJH +LOIVPLWWHO ]XU 9HUIJXQJ GLH VLH VRJOHLFK ]X LKUHU5HWWXQJHLQ]XVHW]HQEHJDQQHQ ,QPKVDPHUODQJZLHULJHU$UEHLWKDWWHQVLH HQGOLFK GLH $XHQZDQG ZLHGHU JHVFKORVVHQ XQG GLH 7UPPHU EHVHL WLJW 'HU QRUPDOH /XIWGUXFN KDWWH VLFK LP 6WHXHUUDXP ZLHGHU HLQJHVWHOOW VR GD VLH LKUH 5DXPDQ]JH |IIQHQ NRQQWHQ 'DQQ EHJDQQHQ VLH PLW GHU hEHUSUIXQJ GHU *HUlWH9RUDOOHPGHU.RPPDQGDQWZROOWHVRVFKQHOOZLH P|JOLFK GHQ .XUV GHV VWHXHUORVHQ 5DXPVFKLIIHV EHVWLP PHQ $EHU DOOH 0HHLQULFKWXQJHQ GLH LKUH $XIQDKPHND PHUDV RGHU $QWHQQHQ DQ GHU $XHQZDQG GHV 5DXPVFKLI IHV KDWWHQ ZDUHQ DXVJHIDOOHQ 1XU GDV *UDYLPHWHU GDV *HUlW ]XU %HVWLPPXQJ GHU 6FKZHUNUDIW DUEHLWHWH QRFK 'DVPXWH7HU0HQJVRJDUVHKUGHXWOLFKIHVWVWHOOHQ'HV KDOEULHIHU9RUVLFKW6X1DW5DXPDQ]XJVFKOLHHQ:LU QlKHUQXQVHLQHP6FKZHUHIHOGå 'HU .RPPDQGDQW HLOWH KHUEHL XQG PHLQWH (V LVW HLQ ]LHPOLFK VFKZDFKHV )HOG :LU VWRHQ DQVFKHLQHQG DXI
HLQHQ =ZHUJSODQHWHQ HLQHQ 3ODQHWRLGHQ 6FKQHOO LQ GLH /DQGHVHVVHOå 'LH 0lQQHU HUZDUWHWHQ GHQ $XISUDOO 7URW]GHP VFKUHFNWHQ VLH ]XVDPPHQ DOV HU HUIROJWH 6LH KDWWHQ HU ZDUWHWGDGDV5DXPVFKLIIPLWVHLQHUEHVFKlGLJWHQ6SLW]H ]XHUVW DXIWUHIIHQ ZUGH DEHU ]X LKUHU hEHUUDVFKXQJ HU VFKROO DXI GHU OLQNHQ 6HLWH HLQ .QLUVFKHQ XQG 3UDVVHOQ 'DQQ HUIROJWH HLQ GXPSIHU $XIVFKODJ XQG HV WUDW 5XKH HLQ 'HU 6FKZHUNUDIWPHVVHU ]HLJWH NHLQH 9HUlQGHUXQJ PHKU VLH ZDUHQ JHODQGHW 'LH /DQGXQJ KDWWH NHLQH 6FKl GHQ YHUXUVDFKW GHU 3ODQHWRLG VFKLHQ NOHLQ ]X VHLQ $EHU ZHOFKHUGHUYLHOHQ=ZHUJSODQHWHQN|QQWHHVVHLQ" 0KVDPVWLHJHQGLHEHLGHQ.RVPRQDXWHQDXVLKUHQ6HV VHOQGHQQGLH:DQGDXIGHUVLHJHODQGHWZDUHQZDUGXUFK GLH6FKZHUNUDIWGHV3ODQHWRLGHQXQWHQå JHZRUGHQ6X1DW NRQWUROOLHUWH QRFKPDOV VRUJIlOWLJ GLH :HUWH GLH GDV *UD YLPHWHU ]HLJWH XQG ULHI 7HU 0HQJ ]X :LU PVVHQ LQ XQVHUH $Q]JH HLQHQ %HODVWXQJVVDW] HLQVHW]HQ GDPLW ZLU VFKZHUHUZHUGHQ+LHUZUGHQZLUQXU NS ZLHJHQXQG EHLHLQHUNUlIWLJHQ%HZHJXQJLQGHQ:HOWUDXPIOLHJHQå 7HU 0HQJ HUJlQ]WH $XHUGHP PVVHQ ZLU *UDYL 7DEOHWWHQ QHKPHQ XQG GUHLPDO WlJOLFK WXUQHQ GDPLW ZLU JHVXQGEOHLEHQå 'LH0lQQHUVHW]WHQGLH%HODVWXQJVSODWWHQ LQ GLH 5DXPDQ]JH HLQ XQG EHOXGHQ VLFK PLW )HUQURKUHQ XQG 0HJHUlWHQ 'DQQ EHWUDWHQ VLH GLH /XIWVFKOHXVH ]X LKUHPHUVWHQ$XVVWLHJ'LH$XHQWU|IIQHWHVLFKXQGVLH VDKHQ LQ HLQHP VFKZDFKHQ 'lPPHUOLFKW ULQJVXP HLQH 6WHLQZVWH *U|HUH XQG NOHLQHUH )HOVEURFNHQ ODJHQ DXI HLQHU JHZ|OEWHQ )HOVIOlFKH GLH ZLH HLQH 6XSSHQVFKVVHO DXVVDK XQG DXI GHUHQ WLHIVWHU 6WHOOH VLH JHODQGHW ZDUHQ hEHU VLFK HUEOLFNWHQ VLH GHQ NODUHQ 6WHUQHQKLPPHO GHU QDFK DOOHQ 6HLWHQ YRQ GHP VWHLOHQ 5DQG GHU
6XSSHQVFKVVHOå EHJUHQ]WZXUGH6X1DWVWHOOWHGDV)HUQ URKU DXI XQG ULFKWHWH HV DXI GLH VLFKWEDUHQ 6WHUQH HLQ (LQLJH 6WXQGHQ KLQGXUFK IKUWHQ VLH %HREDFKWXQJHQ GXUFK UHJHOPlLJ ZXUGH GDEHL IRWRJUDILHUW $XV GHQ 0HJHUlWHQ TXROOHQ ODQJH 3DSLHUVWUHLIHQ PLW 0HGDWHQ (QGOLFKZDU6X1DW]XIULHGHQ6LHEHHQGHWHQGLH0HVVXQ JHQXQGVWLHJHQLQV5DXPVFKLII]XUFN
'LH)LOPHDXVGHQ )RWRDSSDUDWHQOHJWH7HU0HQJLQGLH $XWRPDWLN ]XU %LOGHQWZLFNOXQJ HLQ 6X 1DW JDE DOOH JH
PHVVHQHQ:HUWHGHQ(OHNWURQHQUHFKQHUQ]XU$XVZHUWXQJ GD]X GLH :HUWH HLQLJHU 3ODQHWHQ GLH VLH GDEHL YLHOOHLFKW EHREDFKWHW KDWWHQ 1DFK NXU]HU =HLW HUVFKLHQHQ GLH HUVWHQ (UJHEQLVVHDXIGHP%LOGVFKLUP7HU0HQJEHUWUXJVLHLQ HLQ6SHLFKHUZHUNXQGGLHVHVZXUGHPLWGHPJURHQ:LV VHQVVSHLFKHUGHV5DXPVFKLIIHVYHUEXQGHQ'DQQOHXFKWHWH HLQH JUQH /DPSH DXI XQG HLQH JHGUXFNWH .DUWH ILHO DXV GHP $XVJDEHIHQVWHU 7HU 0HQJ ODV YRU )HUQHU 3ODQHW 8UDQXV « 1DKHU 3ODQHW -XSLWHU « 0HRUW 3ODQHWRLG %XPHUDQJå 7HU0HQJZDUYHUEOIIWXQGIUDJWH:LUVLQG DXIGHP3ODQHWRLGHQ%XPHUDQJ".HQQVWGXLKQ"å 'HU.RPPDQGDQWQLFNWHXQGHUNOlUWH(UZXUGHHUVWYRU ]ZHL-DKUHQHQWGHFNWHUKDWXQJHIlKUNP'XUFKPHV VHU 6HLQH %DKQ LVW HLQH JDQ] IODFKH XQG ODQJJHVWUHFNWH (OOLSVHGDVHLQH(QGHHUUHLFKWGLH%DKQGHV0HUNXULQGHU 1lKHGHU6RQQHXQGGDVDQGHUH(QGHJHKWEHUGLH%DKQ GHV -XSLWHUV KLQDXV )U HLQHQ 8PODXI DXI GLHVHU (OOLSVH EHQ|WLJW HU IDVW VLHEHQ -DKUHå 1DFK GLHVHQ :RUWHQ WUDW HU ZLHGHUDQGHQ5HFKQHUJDEHLQLJH:HUWHHLQXQGEHWUDFK WHWH GLH .XUYHQ 'DQQ VHW]WH HU VHLQHQ %HULFKW IRUW 'HU 3ODQHWRLG ZLUG LQ QlFKVWHU =HLW ]ZHLPDO GLH %DKQ GHV -XSLWHU VFKQHLGHQ HLQPDO LQ QlFKVWHU 1lKH GHV 3ODQHWHQ QlKHU DOV ZLU PLW XQVHUHP 5DXPVFKLII VWHXHUQ ZROOWHQ $XHUGHPZLUGGHU%XPHUDQJLQIQI-DKUHQGLH(UGEDKQ YLHUPDOVRVFKQHLGHQGDGLH(UGHVHKUQDKHLVW:LUVLQG MHW]W QRFK QLFKW ]X ZHLW YRQ GHU (UGH HQWIHUQW :HQQ ZLU VRIRUW HLQH 6HQGHUDNHWH VWDUWHQ ZUGHQ N|QQWH XQV HLQ 5DXPVFKLIIYRQGHU(UGHLQHLQHP-DKUKLHUDEKROHQå 7HU0HQJODFKWHXQGVHLQH$XJHQIXQNHOWHQDOVHUVDJ WH6FK|QGDGXGLHJOHLFKHQ*HGDQNHQKDVWZLHLFK« ZUGH«N|QQWH«LFKGHQNHGRFKZLUEOHLEHQKLHU:LU N|QQHQ GHQ $XIWUDJ GHV 5DXPVFKLIIHV DXFK YRQ KLHU DXV
HUIOOHQGHU%XPHUDQJEULQJWXQVYRQVHOEVWDQV =LHOGHU ([SHGLWLRQå 'HU VRQVW VR UXKLJH XQG ]XUFNKDOWHQGH 6X 1DW KDWWH ODFKHQGGXUFKZLHGHUKROWHV.RSIQLFNHQVHLQ(LQYHUVWlQG QLV PLW 7HU 0HQJ JH]HLJW XQG HUJlQ]WH 'DV 5DXPVFKLII KDW 9RUUlWH GLH IU DFKW]HKQ %HVDW]XQJVPLWJOLHGHU IQI -DKUH DXVJHUHLFKW KlWWHQ 'DV KHLW VLH UHLFKHQ IQIXQG YLHU]LJ-DKUHIUXQVEHLGH,FKGHQNHVRODQJHEOHLEHQZLU KLHUQLFKW'LH6HQGHUDNHWHZHUGHQZLUVSlWHUVWDUWHQ(LQH ]ZHLWH *URUDNHWH LVW DXI GHU (UGH QLFKW YRUKDQGHQ GHU 9HUVXFK XQV KLHU DE]XKROHQ ZUGH QXU HLQ XQQ|WLJHV 5LVLNR IU GLH 3LORWHQ EHGHXWHQ 0HQVFKHQOHEHQ VLQG YLHO ]XNRVWEDUDOVGDVLHGDIUJHIlKUGHWZHUGHQGUIWHQ:LU VLQG KLHU VLFKHU XQG ZHUGHQ EHL XQVHUHU +HLPNHKU DOOH JHSODQWHQ)RUVFKXQJVHUJHEQLVVHPLWEULQJHQå ,FKGHQNHåVHW]WH7HU0HQJGHQ*HGDQNHQJDQJIRUWLQ GUHL 0RQDWHQ N|QQHQ ZLU HLQH 6HQGHUDNHWH ]XU (UGH VFKLFNHQGLHGRUWGHQ)RUVFKXQJVUDWYRQXQVXQGXQVHUHU $UEHLW LQIRUPLHUW $E PRUJHQ EHJLQQHQ ZLU GLHVHQ 3OD QHWRLGHQ]XUVLFKHUHQ6WDWLRQDXV]XEDXHQå 'DV EUDFKWH YLHO $UEHLW 'HU 7DONHVVHO LQ GHP GDV 5DXPVFKLIIODJKDWWHVRVWHLOH:lQGHGDWURW]GHUJHULQ JHQ 6FKZHUNUDIW HLQ %HVWHLJHQ XQP|JOLFK ZDU 6X 1DW ERKUWHDXVYHUVFKLHGHQHQ6WHOOHQ%RGHQSUREHQKHUDXVXQG EHREDFKWHWH GDEHL GD GDV VFKZDU] DQJHODXIHQH 0HWDOO GHV%RGHQVDQYHUVFKLHGHQHQ6WHOOHQ7ULFKWHUYRQ0HWHR UHQHLQVFKOlJHQDXIZLHV'DQQVWLHJHQEHLGH.RVPRQDXWHQ LQV5DXPVFKLII]XUFN'HU.RPPDQGDQWOLHGLH%RGHQ SUREHQYRP$XWRPDWHQXQWHUVXFKHQ XQG VWHOOWH IHVW :LU KDEHQKLHU HLQH0LVFKXQJYRQ(LVHQ PLW VFKZHUHUHQ 0H WDOOHQ (V VLQG KRKH $QWHLOH YRQ .XSIHU %OHL 3ODWLQ XQG 6LOEHU HQWKDOWHQ 'DPLW KDEHQ ZLU JHQXJ 0DWHULDO XP
XQVHUH QlFKVWHQ $XIJDEHQ ]X HUIOOHQ :HLO ZLU ZLVVHQ GD GLH )HOVZlQGH XQHUVWHLJEDU VLQG PVVHQ ZLU HLQHQ DQGHUHQ3ODW]IUXQVHUH0HJHUlWHILQGHQGDPLWZLUGHQ -XSLWHU GLUHNW LP 9LVLHU KDEHQ :LU PVVHQ XQVHU 5DXP VFKLII YRU 0HWHRUHQ VFKW]HQ XQG 5lXPH LP %XPHUDQJ DQOHJHQ LQ GHQHQ ZLU HLQH $WRPNUDIWVWDWLRQ XQG DQGHUH $QODJHQXQWHUEULQJHQN|QQHQå 7HU 0HQJ EHUOHJWH EHIUDJWH GHQ JURHQ :LVVHQVVSHL FKHU QDFK GHQ )HVWLJNHLWVZHUWHQ GHU JHIXQGHQHQ 0HWDOOH XQGEHJDQQOHEKDIW]XHUOlXWHUQ:LUN|QQHQDOOH$XIJD EHQ DXI HLQPDO O|VHQ :HQQ LFK GHQ NRPELQLHUWHQ 3ODV PDEUHQQHU PLW HLQHU )|UGHUDQODJH YHUELQGH N|QQHQ ZLU HLQHQ 7XQQHO DQOHJHQ GHU XQV DQ HLQHU DQGHUHQ 6WHOOH DQ GLH 2EHUIOlFKH GHV %XPHUDQJ JHODQJHQ OlW 9RP 7XQQHO DXVN|QQHQZLU5lXPHDQOHJHQ'DVORVJHEURFKHQH0HWDOO ZLUGDXIGDVOLHJHQGH5DXPVFKLIIJHVFKWWHWELVXQVHLQH VWDUNH6FKLFKWYRU0HWHRUHQVFKW]W'DVZHUGHLFKEHU QHKPHQ,Q]ZLVFKHQEHUHLWHVWGXGLH6HQGHUDNHWHYRUXQG VWHOOVW GLH 0HDQODJHQ ]XVDPPHQ PLW GHQHQ ZLU GHP -XSLWHUVHLQH*HKHLPQLVVHHQWUHLHQZROOHQå (LQYHUVWDQGHQå DQWZRUWHWH GHU .RPPDQGDQW SODQH DEHUGHLQH$UEHLWHQVRGDZLUDQGHUULFKWLJHQ6WHOOHGLH 2EHUIOlFKH GHV %XPHUDQJ HUUHLFKHQ GDPLW ZLU GRUW HLQH JURH $QWHQQH HUULFKWHQ N|QQHQ GLH VSlWHU LQ 5LFKWXQJ (UGH ZHLVW 9LHOOHLFKW N|QQHQ ZLU LQ ]ZHL -DKUHQ 9HUELQ GXQJ]XU(UGHDXIQHKPHQå 1XQ EHJDQQ HLQH DUEHLWVUHLFKH =HLW 'HU .RPPDQGDQW PXWH LPPHU ZLHGHU DXI GLH (LQKDOWXQJ GHU 5XKH]HLWHQ GUlQJHQGHQQ7HU0HQJNRQVWUXLHUWHXQGPRQWLHUWHXQHU PGOLFKELVHQGOLFKVHLQH$QODJHYROODXWRPDWLVFKOLHI $OV QDFK QHXQXQGQHXQ]LJ 7DJHQ GLH 5DNHWH JHVWDUWHW ZXUGH GLH LQ GHU 1lKH GHU (UGH GXUFK DXWRPDWLVFKH $E
VWUDKOXQJ YRQ )XQNVLJQDOHQ GHQ )RUVFKXQJVUDW EHQDFK ULFKWLJHQVROOWHEOLFNWHQEHLGH.RVPRQDXWHQQDFKGHQNOLFK GHPNOHLQHUZHUGHQGHQ/LFKWSXQNWGHU5DNHWHQWULHEZHUNH QDFK 1HEHQ LKQHQ VFKWWHWH GLH )|UGHUVFKODQJH IRUWZlK UHQG 0HWDOOEURFNHQ JOHLFKPlLJ EHU GDV 5DXPVFKLII 3O|W]OLFK ZXUGH NHLQ 0HWDOO PHKU JHI|UGHUW 'HU 7XQQHO KDWWH VHLQHQ $XVJDQJ HUUHLFKW 'LH EHLGHQ 0lQQHU KROWHQ QRFK HLQLJH *HUlWH XQG EHWUDWHQ GHQ PHWHUEUHLWHQ XQG ]ZHL 0HWHU KRKHQ *DQJ LQ GHP HV VLFK JXW ODXIHQ OLH $P DQGHUHQ (QGH ZDU HV YROOVWlQGLJ GXQNHO 'LH +DQG VFKHLQZHUIHU EHOHXFKWHWHQ HLQ EHUUDVFKHQGHV %LOG 9RU LKQHQ ODJ HLQH JURH IODFKH 7DOPXOGH GHUHQ 5lQGHU QXU OHLFKW DQVWLHJHQ VR GD KLHU HLQ YLHO JU|HUHV 6WFN GHV 6WHUQHQKLPPHOV ]X EHREDFKWHQ ZDU 7HU 0HQJV %HUHFK QXQJHQHUJDEHQGDKLHUGHUULFKWLJH3ODW]IUGLH0HJH UlWHXQGIUGLH$QWHQQHJHIXQGHQZXUGH 'LH QlFKVWHQ EHLGHQ -DKUH EUDFKWHQ HLQH )OOH YRQ $U EHLW 'LH .RVPRQDXWHQ HUULFKWHWHQ HLQH .UDIWVWDWLRQ hEHUDOO ZXUGHQ VWDUNH /LFKWTXHOOHQ HLQJHEDXW GHQQ GLH (QWIHUQXQJYRQGHU6RQQHZDUVRJURJHZRUGHQGDDXI GHP %XPHUDQJ Y|OOLJH 'XQNHOKHLW KHUUVFKWH 6LH KDWWHQ DOOH QRWZHQGLJHQ 0HJHUlWH XQG %HREDFKWXQJVVWlQGH DXIJHVWHOOW XQG GHQ HUVWHQ )XQNVSUXFK GLUHNW ]XU (UGH JHVFKLFNWRKQHMHGRFKELVKHUHLQH$QWZRUW]XHPSIDQJHQ 'DQQEHJDQQHQGLHDXIUHJHQGHQ7DJHDOVGHU-XSLWHUGHQ VLHDXIGHU(UGHQXUDOVNOHLQHQ6WHUQJHVHKHQKDWWHQKLHU DOV JHZDOWLJH 6FKHLEH LKUHQ +LPPHOå QDKH]X EHGHFNWH 8QXQWHUEURFKHQ VWDQGHQ VLH DQ GHQ 0HJHUlWHQ DQ GHQ )HUQURKUHQ XQG IRWRJUDILHUWHQ SDXVHQORV 6lPWOLFKH 6SHL FKHUJHUlWHZDUHQYROOEHOHJWPLWGHQQHXHQ%HREDFKWXQJV HUJHEQLVVHQXQG(QWGHFNXQJHQ$OVGHU-XSLWHUZLHGHUDXV LKUHP 6LFKWEHUHLFK YHUVFKZDQG OHJWHQ VLFK GLH EHLGHQ
0lQQHU QDFK GUHLXQGGUHLLJ 7DJHQ HQGOLFK ULFKWLJ ]XP 6FKODIHQKLQXQGVFKOLHIHQ]ZHLYROOH7DJH
6LHEHQ|WLJWHQHLQLJH0RQDWHELVGDV%HREDFKWXQJVPD WHULDO DXVJHZHUWHW XQG JHRUGQHW ZDU 'DQQ EHJDQQ HLQH VWLOOH =HLW 'HU 3ODQHWRLG EHIDQG VLFK DXI GHP :HJH ]XU (UGEDKQDEHUELV]XU+HLPNHKUPXWHQGLH.RVPRQDXWHQ QRFKPLQGHVWHQV]ZHL -DKUH ZDUWHQ 1XQ IHKOWH LKQHQ GLH $UEHLW DOOH $SSDUDWH OLHIHQ DXWRPDWLVFK XQG PXWHQ QXU VHOWHQ NRQWUROOLHUW ZHUGHQ 'LH =HLW ZXUGH ODQJ IU ]ZHL 0lQQHU GLH VLFK VFKRQ DOOHV HU]lKOW KDWWHQ ZDV HU]lK OHQVZHUWZDU'HVKDOEVXFKWHQVLHVLFKQHXH$XIJDEHQ6X 1DW EWH VLFK LQ GHQ VFKZLHULJVWHQ DVWURQRPLVFKHQ %H UHFKQXQJHQ EHUSUIWH VHLQH (UJHEQLVVH GXUFK %HREDFK
WXQJHQ XQG EHUHFKQHWH 5DXPVFKLIINXUVH LP JHZDOWLJHQ 6FKZHUHIHOGGHV-XSLWHUV7HU0HQJYHUVXFKWHHLQH)XQN YHUELQGXQJ PLW GHU (UGH KHU]XVWHOOHQ 5HJHOPlLJ VDQGWH HUEHLJQVWLJHU6WHOOXQJ]XU(UGH)XQNVSUFKHDE(LQPDO JHODQJ HV LKP %UXFKVWFNH HLQHU $QWZRUW GHU (UGVWDWLRQ ]X HPSIDQJHQ 'DGXUFK GD GLH $QWZRUW GUHLPDO KLQWHU HLQDQGHU PLW GHP JOHLFKHQ 7H[W JHVHQGHW ZRUGHQ ZDU NRQQWH 7HU 0HQJ ZHQLJVWHQV VR YLHO HQWUlWVHOQ GD GLH (UGHXQGGHU)RUVFKXQJVUDWZXWHQZRVLHVLFKEHIDQGHQ 7URW] GLHVHU $UEHLWHQ IKOWHQ VLFK GLH .RVPRQDXWHQ HLQ VDPHLQVDPHUDOVMH]XYRU(LQHV7DJHVDOV6X1DWJHUDGH GLH0HJHUlWHLQGHU7DOPXOGHKLQWHUGHP7XQQHONRQWURO OLHUWH VDK HU SO|W]OLFK HLQHQ VLOEHUQHQ +DVHQ GHQ +DQJ KHUXQWHUKRSSHOQ 'DV EHUUDVFKWH LKQ QLH Kl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hEHUUDVFKXQJ PLW HLQHU DQGHUHQ]XEHDQWZRUWHQ $OV HU ZLHGHU EHL 7HU 0HQJ HLQWUDI EHJUWH LKQ GLHVHU PLW GHQ :RUWHQ (LQ +RFK GHP JURHQ +DVHQMlJHU (V
ZDU HLQ HUKHEHQGHU $QEOLFN DOV GHU .RPPDQGDQW KLQWHU GHP+DVHQKHUOLHIå 6X 1DW NQXUUWH ]XUFN *DQ] JHZL $EHU HUNOlUH PLU OLHEHUZLHGDV7LHUIXQNWLRQLHUWå 7HU 0HQJ HUNOlUWH LKP ODFKHQG *DQ] HLQIDFK $XHU GHP $QWULHE LVW HLQH 6LFKHUXQJ HLQJHEDXW GLH GHQ +DVHQ LQ %HZHJXQJ VHW]W VREDOG HLQ EHZHJOLFKHU *HJHQVWDQG QlKHU DOV GUHL 0HWHU DQ LKQ KHUDQNRPPW 'D]X JHK|UW QRFK HLQH )HUQVWHXHUXQJ GLH YRQ MHGHP )XQNJHUlW DXV ± DXFK PLW GHP *HUlW GHV 5DXPDQ]XJHV ± EHWlWLJW ZHUGHQ NDQQ XQG GHQ +DVHQ ZLQNHQ OlW EHVWLPPWH 5LFKWXQJHQ IHVWOHJW XQG LKQ LQ VHLQHQ %DXå VFKLFNWå 6X 1DW JDE OD FKHQG ]X 'LH hEHUUDVFKXQJ LVW GLU ]XQlFKVW VHKU JXW JHOXQJHQå 'LH EHLGHQ .RVPRQDXWHQ ZHFKVHOWHQ VLFK EHL GHU .RQ WUROOHGHU0HJHUlWH DE(VZDUHLQLJH =HLWYHUJDQJHQLQ GHU VLH YLHO 6SD PLW GHP NQVWOLFKHQ +DVHQ JHKDEW KDW WHQ 7HU 0HQJ ZDU DQ GHU 5HLKH GHQ WlJOLFKHQ .RQWUROO JDQJ GXUFK]XIKUHQ (U KDWWH GDV OHW]WH *HUlW EHUSUIW DOVSO|W]OLFKHWZDVVRVWDUNJHJHQVHLQH%HLQHSUDOOWHGD HU WURW] NUlIWLJHU $UPEHZHJXQJHQ DXI VHLQ +LQWHUWHLO SOXPSVWH9HUEOIIWVDHUGDXQGVDKHLQHQ0HWHUYRUVLFK GHQ .RSI HLQHV +XQGHV GHU GLH 6FKQDX]H ZHLW JH|IIQHW KDWWH 8QZLOONUOLFK ]XFNWH HU ]XUFN HUNDQQWH DEHU JOHLFKGDGDVHLQ6WUHLFKYRQ6X1DWZDU/DQJVDPXQG YRUVLFKWLJHUKREVLFK7HU0HQJ'RFKDOVHUJHUDGHHLQHQ 6FKULWWJHJDQJHQZDUVDXVWHGHU+XQGZLHGHUDXILKQORV 6RIRUW EOLHE 7HU 0HQJ VWHKHQ $XFK GHU +XQG EHZHJWH VLFKQLFKWPHKU'HU.RQVWUXNWHXUQDKPDOOHVHLQH .UlIWH ]XVDPPHQ 0LW GUHL JHZDOWLJHQ 6lW]HQ VSUDQJ HU YRP +XQG ZHJ DEHU GD VD HU VFKRQ ZLHGHU 'HU +XQG KDWWH HUQHXWVHLQH%HLQHJHUDPPWXQGZDUGDQQZLHGHU]XUFN
JHVSUXQJHQ7HU0HQJSURELHUWHHVPLW]ZHL6SUQJHQXQG VWDQG GDQQ VWLOO 'HU +XQG ZDU ELV DXI VLHEHQ =HQWLPHWHU DQ LKQ KHUDQJHNRPPHQ $OV 7HU 0HQJ ]XIDVVHQ ZROOWH VSUDQJ GHU +XQG ZLHGHU ]XUFN 7HU 0HQJ VDK GD HV QRFK ZHLW ELV ]XP 7XQQHO ZDU (U NRQQWH VLFK DXFK YRU VWHOOHQ PLW ZHOFKHU )UHXGH GHU .RPPDQGDQW DP %LOG VFKLUP VHLQH 6SUQJH EHREDFKWHWH (V PXWH HLQHQ DQGH UHQ $XVZHJ JHEHQ 0DQ PWH GHQ +XQG DEOHQNHQ DEHU ZRPLW"1DWUOLFKGHU+DVHZDUGRFK QRFK GD 7HU 0HQJ EHWl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å 7HU 0HQJ ODFKWH XQG HQWJHJQHWH'XKDVWPLUKHXWHGHQ6FKHU]PLWGHP+DVHQ ]XUFNJHJHEHQDEHULFKKDEHQRFKDQGHUH,GHHQå 6X 1DW EOLQ]HOWH YHUVFKPLW]W PLW GHP OLQNHQ $XJH XQG VDJWH,FKDXFKå 1XQ YHUJLQJHQ GUHL :RFKHQ LQ GHQHQ GLH +DVHQMDJG HLQHJURH5ROOHVSLHOWH7HU0HQJKDWWHVHLQHQ+DVHQQHX SURJUDPPLHUW HU VSUDQJ MHW]W LQ XQEHUHFKHQEDUHQ =LFN ]DFNVSUQJHQ XQG EUDFKWH HV DXFK IHUWLJ VLFK UHJXQJVORV KLQWHU %O|FNHQ XQG LQ /|FKHUQ ]X YHUVWHFNHQ VR GD GHU +XQGHUIROJORVVXFKWH6X1DWPXWHLQVROFKHQ)lOOHQHUVW PLW GHU )HUQVWHXHUXQJ GHQ +XQG DQ GHQ 3ODW] GHV +DVHQ
OHQNHQ:HQQ6X1DWGLH.RQWUROOHGXUFKIKUWHJHODQJHV LKP PHLVWHQV GHQ +XQG VR ]X VWHXHUQ GD HU GHQ +DVHQ HUZLVFKWHXQGXPZDUI
,Q GHU IROJHQGHQ =HLW JDE HV QXU NOHLQHUH hEHUUDVFKXQ JHQ6X1DWVWDQGHLQHV7DJHVLQHLQHP%LHQHQVFKZDUPå GHQ7HU0HQJXQWHU$XVQXW]XQJGHUPDJQHWLVFKHQ$EVWR XQJ HQWZLFNHOW KDWWH 6X 1DW UHYDQFKLHUWH VLFK PLW HLQHU 6FKDUPDJQHWLVFKHU0lXVHGLHDP5DXPDQ]XJ7HU0HQJV HPSRUNOHWWHUWHQ GRUW KDIWHQEOLHEHQ XQG PLW GHQ 6FKZlQ ]HQ ZHGHOWHQ 'DV DEHU ZDUHQ QXU NOHLQHUH 3OlQNHOHLHQ GLH JURH 6DFKH NDP HUVW QDFK KXQGHUWHOI 7DJHQ %HL MHGHP.RQWUROOJDQJKDWWH7HU0HQJXQDXIIlOOLJHLQNOHLQHV .lVWFKHQPLWJHQRPPHQXQGHVXQEHPHUNWLQHLQ)HOVORFK
JHVWHFNW 6X 1DW ZDU Y|OOLJ DKQXQJVORV DXI VHLQHP .RQ WUROOJDQJ JHZHVHQ $OV HU ]XP 7XQQHO ]XUFNNHKUHQ ZROOWH IDQG HU LKQ QLFKW PHKU 6WDWW GHVVHQ VDK HU HLQH 5HLKH YRQ %VFKHQ GHUHQ =ZHLJH VLOEHUQ LP 6FKHLQZHU IHUOLFKW JOLW]HUWHQ XQG EOLW]WHQ :lKUHQG HU QRFK GLH VHOW VDPH(UVFKHLQXQJEHREDFKWHWHZXFKVHQKLQWHULKPQHEHQ LKP XQG YRU LKP QHXH %VFKH DXV GHP )HOVERGHQ ELV HU YROOVWlQGLJ YRQ %VFKHQ HLQJHVFKORVVHQ ZDU 3O|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|Qå 7HU0HQJIUHXWHVLFKEHUGDV/RE%HLGH.RVPRQDXWHQ EHVXFKWHQQXQLKU7DOKlXILJHUDOVHVGLH.RQWUROOHHUIRU GHUWH :LHGHU YHUJLQJHQ 0RQDWH 7HU 0HQJ KDWWH GLH .RQWURO OHQGXUFKJHIKUWVSD]LHUWHYHUJQJW]ZLVFKHQGHQNQVWOL FKHQ%VFKHQXPKHUXQG GDFKWH DQ GLH :lOGHU GHU (UGH GHQQQXUQRFK HOI0RQDWHWUHQQWHQVLHYRQGHU5FNNHKU 3O|W]OLFK DEHU KLHOW HWZDV VHLQHQ )X IHVW GDQQ VRJDU EHLGH )H 7HU 0HQJ VFKDXWH QDFK XQWHQ XQG HQWGHFNWH HLQHJURHGLFNHVLOEHUQH6FKODQJHGLHVLFKIHVWXPVHLQH %HLQH ULQJHOWH 7HU 0HQJ NRQQWH VLFK QLFKW PHKU IRUWEH ZHJHQ (U ZDUWHWH DEHU GLH 6FKODQJH OLH LKQ QLFKW ORV
$OOPlKOLFKZXUGHHU]RUQLJVFKRQ]HKQ0LQXWHQVWDQGHU KLHU 6X 1DW KlWWH LKQ OlQJVW EHIUHLHQ N|QQHQ 7HU 0HQJ KDWWHYHUJHEOLFKYHUVXFKWGLH6FKODQJHPLWVHLQHQ+lQGHQ DE]XZLFNHOQ DEHU VLH ZDU VWlUNHU (U PXWH VLFK DOVR GXUFKhEHUOHJXQJDXVVHLQHU*HIDQJHQVFKDIWO|VHQ(UZDU GRFK .RQVWUXNWHXU 9RUVLFKWLJ HUJULII HU GHQ .RSI GHU 6FKODQJH IDQG HLQHQ 9HUVFKOX GHU VLFK |IIQHQ OLH XQG VDKGHQ6FKDOWEORFNYRUVLFK(U]RJHLQHQ'UDKWDXVHLQHU .RQWDNWVWHOOHKHUDXVXQGVWHFNWHLKQDQHLQHDQGHUH6WHOOH 1XQ JHQJWH HLQH OHLFKWH %HUKUXQJ GLH 6FKODQJH ZLN NHOWHVLFKDEXQGEOLHEUHJORVYRUVHLQHQ)HQOLHJHQ7HU 0HQJ EHPHUNWH GD DP 6FKZDQ]HQGH GLH )DQJNRQWDNWH ODJHQ (U EUDFKWH GLH 6FKODQJH ZLHGHU LQ 2UGQXQJ VRUJ IlOWLJHLQH%HUKUXQJPLWGHQ.RQWDNWHQYHUPHLGHQG 'DQQ HLOWH HU ]X 6X 1DW $OV HU GLH .RPPDQGR]HQWUDOH EHWUDW EHJULII HU ZDUXP LKQ GHU .RPPDQGDQW QLFKW YRQ GHU 6FKODQJH HUO|VW KDWWH $XV GHP /DXWVSUHFKHU VSUDFK HLQH XQEHNDQQWH 6WLPPH 6X 1DW ULHI LKP DXIJHUHJW ]X 'LH(UGHUXIWXQVZLUKDEHQVW|UXQJVIUHLHQ(PSIDQJ ,Q ZHQLJHQ 0LQXWHQ NDQQ GLH $QWZRUW DXI PHLQHQ )XQN VSUXFK NRPPHQå 7HU 0HQJ KDWWH VLFK DXVJHUHFKQHW GD HLQH)XQNPHOGXQJYRQGHU(UGHELV ]XP %XPHUDQJ VLHE ]HKQ 0LQXWHQ EUDXFKWH GLH $QWZRUW NRQQWH DOVR IUKH VWHQV YLHUXQGGUHLLJ 0LQXWHQ QDFK 6X 1DWV )XQNVSUXFK NRPPHQ 7HU 0HQJ VHW]WH VLFK DQ GHQ 6HQGHU 6X 1DWå VFKRELKPHLQLJH=HWWHOPLW1RWL]HQLQGLH+DQG:lKUHQG GHU.RPPDQGDQWZHLWHUKLQGLH6HQGXQJDXIQDKPEHJDQQ 7HU0HQJ]XVHQGHQ 9RQGDDQ HQWZLFNHOWHVLFK HLQDQVWUHQJHQGHU 1DFKULFK WHQGLHQVW PLW GHU (UGH =HKQ 6WXQGHQ DP 7DJ NRQQWH GLH 9HUELQGXQJ JHKDOWHQ ZHUGHQ NHLQH 0LQXWH GDYRQ GXUIWH YHUORUHQJHKHQ 'LH .RVPRQDXWHQ EHUPLWWHOWHQ LKUH %H
REDFKWXQJVHUJHEQLVVH'LH(UGHEHULFKWHWHLKQHQYRQLKUHQ $QJHK|ULJHQ ZDV VLFK DXI GHU (UGH LQ]ZLVFKHQ HUHLJQHW KDWWH XQG ZHOFKH QHXH (UJHEQLVVH GLH )RUVFKXQJ HU]LHOW KDWWH 'HU DXVJHGHKQWH )XQNYHUNHKU OLH GHQ .RVPRQDX WHQ ZHQLJ =HLW VR GD VLH LKUH hEHUUDVFKXQJHQå LQ GHQ )HOVO|FKHUQ YHUVFKZLQGHQ OLHHQ 'HU 7DONHVVHO ZDU ZLH GHUVR|GHZLHHUHLQVWJHZHVHQZDU (QGOLFKZDUGHU=HLWSXQNWKHUDQJHNRPPHQDQGHPGDV 5DXPVFKLII +HLPDWå DXI GHU (UGH VWDUWHWH $OV /DQGHRUW DXI GHP %XPHUDQJ ZXUGH GLH 7DOPXOGH PLW GHQ 0HJH UlWHQIHVWJHOHJWGHQQGLHDXIJHVFKWWHWHQ)HOVPDVVHQEHU GHP 5DXPVFKLII OLHHQ GRUW HLQH VLFKHUH /DQGXQJ QLFKW ]X7HU0HQJKDWWHHLQHQ3HLOVHQGHULP7DODXIJHVWHOOWGHU GHP 5DXPVFKLII GHQ :HJ ZHLVHQ VROOWH $OV VLFK GLH EHLGHQ 0lQQHU ]XP 6FKODIHQ QLHGHUOHJWHQ EOLHEHQ QXU QRFK GUHLXQGGUHLLJ 6WXQGHQ ELV ]XU $QNXQIW GHU +HLPDWåXQG6X1DWVWHOOWHYROOHU)UHXGHIHVW'LHOHW]WH 1DFKWDXIGHP%XPHUDQJå $XIGHP5DXPVFKLII+HLPDWå KDWWHPDQJHUDGHDOOHVIU GHQ 6WDUW GHU 9HUELQGXQJVUDNHWH YRUEHUHLWHW DOV SO|W]OLFK 0HWHRULWHQDODUPJHJHEHQZXUGH'HU.RPPDQGDQW5H7D EHVFKOR GHU *HIDKU DXV]XZHLFKHQ 6LHEHQ 0LQXWHQ KHXOWHQ GLH $QWULHEVGVHQ GDQQ ZDU GLH JHIlKUGHWH =RQH EHUZXQGHQ 'DGXUFK ZDU DEHU GDV 5DXPVFKLII VLHEHQ XQG]ZDQ]LJ 6WXQGHQ HKHU DP =LHO :lKUHQG 7HU 0HQJ XQG 6X 1DW IULHGOLFK VFKOLHIHQ VWDUWHWHQ VHLQ %UXGHU 6H 1DWXQG5H7DPLWGHU9HUELQGXQJVUDNHWH6LHODQGHWHQLP 7DONHVVHO GHQ VLH YRUKHU PLW HLQHP )XQNNRQWUROOVWUDKO DEJHWDVWHW KDWWHQ 'XUFK GHQ )XQNVWUDKO ZDUHQ DOOH hEHUUDVFKXQJHQå HLQJHVFKDOWHW ZRUGHQ $OV 5H 7D PLW VHLQHP %HJOHLWHU GLH 5DNHWH YHUOLH VDJWH HU $Q GHU JHJHQEHUOLHJHQGHQ:DQGPXGHU7XQQHOHLQJDQJVHLQ
'D 'LH 6FKHLQZHUIHU OHXFKWHQ DXIå (V ZDU WDJKHOO JH ZRUGHQDEHUGLHEHLGHQ0lQQHUVFKDXWHQVLFKYHUZXQGHUW XP 8P VLH KHUXP VDXVWH HLQ +DVH GHU VRIRUW DXVUL DOV VLFK6H1DWLKPQlKHUQZROOWH5H7DVDXQYHUVHKHQVDXI GHP %RGHQ ZHLO LKQ HLQ JURHU +XQG XPJHVWRHQ KDWWH $OV 6H 1DW ]X 5H 7D HLOWH HQWIHUQWH VLFK ]ZDU GHU +XQG DEHUHLQGLFKWHU ,QVHNWHQVFKZDUPXPVFKZLUUWHGLH+HOPH LKUHU5DXPDQ]JH0LWHLQLJHQUDVFKHQ6SUQJHQ UDQQWHQ GLH 0lQQHU GDYRQ VR GD VLFK GLH %LHQHQå EHU GHP +DVHQ VDPPHOWHQ $EHU PLW HLQHP 0DOH VFKR ULQJVXP HLQVLOEHUQHV*HEVFKLQ GLH +|KH GDV GHQ 0lQQHUQ GHQ :HJ YHUVSHUUWH /DQJVDP YHUVXFKWHQ VLH GXUFK GLH /N NHQ ]ZLVFKHQ GHQ %lXPHQ YRU]XGULQJHQ $EHU HUVFKURN NHQ ZLFKHQ VLH YRU HLQHU GLFNHQ 6FKODQJH ]XUFN ,Q]ZL VFKHQ KDWWH GHU (OHNWUL]LWlWVYHUEUDXFK GHU hEHUUDVFKXQJHQå HLQLJH 5HODLV LP 6FKDOWVFKUDQN NQDN NHQGEHWlWLJWGHU7UDQVIRUPDWRUILQJODXWHUDQ]XVXPPHQ 9RQGLHVHQ*HUlXVFKHQHUZDFKWH6X1DW0LWHLQHP%OLFN DXIGLH%LOGVFKLUPHHUIDWHHUGLH/DJH0LWODXWHU6WLPPH ZHFNWH HU 7HU 0HQJ 'HU VFKDOWHWH DOOH hEHUUDVFKXQJHQå DXV 'DQQ HLOWHQ EHLGH GXUFK GHQ 7XQQHO LKUHQ )UHXQGHQ XQG5HWWHUQHQWJHJHQ 1RFKDQ%RUGGHU9HUELQGXQJVUDNHWHEDW6X1DWGLHDQ GHUHQ YRQ GHQ hEHUUDVFKXQJHQ QLFKWV DXI GHU (UGH RGHU LP5DXPVFKLII]XHU]lKOHQ6LHYHUVSUDFKHQHVXQGKLHOWHQ LKU:RUW$EHULQ]ZLVFKHQLVWHLQHODQJH =HLW YHUVWULFKHQ 'HVKDOE KDWWH LFK NHLQH %HGHQNHQ HXFK GDV ]X HU]lKOHQ ZDVLFKVHOEVWLQ7HU0HQJV7DJHEXFKJHOHVHQKDEH³
.DXULV KDWWH NDXP DXVJHVSURFKHQ DOV XQWHU EUDXVHQGHP *HOlFKWHU HLQ VWUPLVFKHU %HLIDOO ORVEUDFK 'HU .DSLWlQ ODFKWHPLWXQGIUDJWH0RWÄ'DVVWDQGZRKODXFKQLFKWLQ
GHLQHP/HKUEXFK"³ 0RWHUZLGHUWHHUQVWKDIWÄ'DVLVWDEHUVFKDGH)UPLFK VLQGVLHHUVWMHW]WHFKWH+HOGHQZHLOVLHVLFKYRQGHU(LQ VDPNHLWQLFKWEHUZLQGHQOLHHQXQGZHLOVLHVRYLHO6SD YHUVWDQGHQ³$XFK/DWVFKORVLFKGLHVHU0HLQXQJDQXQG VDJWH Ä,FK HUNHQQH QXQ DXFK GD GLH EHUKPWHQ /HXWH DXV XQVHUHQ /HKUEFKHUQ 0HQVFKHQ ZDUHQ ZLH ZLU DOOH REZRKO VLH HWZDV %HVRQGHUHV JHOHLVWHW KDEHQ ,FK ZHUGH PHLQH%FKHULQ=XNXQIWPLWDQGHUHQ*HGDQNHQOHVHQDOV ELVKHU³ Ä*HZL³HUJlQ]WH.DXULVÄHVNRPPWLPPHUGDUDXI DQ DOV 0HQVFK ]X KDQGHOQ DXFK ZHQQ HV QLFKW XP JURH (QWGHFNXQJHQ JHKW 'HU 0HQVFK XQG VHLQH $UEHLW VLQG XQVHU0DVWDEDQGHPZLUDOOHVPHVVHQDXFKXQVVHOEVW³ Ä'DV ZLOO LFK VFKRQ³ VDJWH PLW HLQHP 0DOH GHU NOHLQH 0DWPLWNOlJOLFKHU6WLPPHÄDEHUREZLUEHUKDXSWZLHGHU QDFK+DXVHNRPPHQ"³ 1XQ ZDUHQ DOOH .OHLQHQ EHVWU]W Ä'DV LVW GRFK VHOEVW YHUVWlQGOLFK³ ULHI .RU REZRKO HU VLFK VHOEVW 6RUJHQ PDFKWHREPDQGDVVFKZDFKH)XQNJHUlWLKUHV5DXPVFKLI IHV EHUKDXSW K|UHQ NRQQWH :HLW NRQQWH GHU +LOIVVHQGHU QLFKWUHLFKHQ.RUV%UXGHU.\UHUJlQ]WHÄ(VKDWQRFKYLHO VFKOLPPHUH =ZLVFKHQIlOOH JHJHEHQ WURW]GHP VLQG DOOH 5DXPIDKUHU ZLHGHU DXI GHU (UGH JHODQGHW 0HLQ %UXGHU XQG LFK ZLU HU]lKOHQ MHW]W LQ GHU QlFKVWHQ *HVFKLFKWH GDYRQ6LHKHLW 'LHKHLOLJH5DNHWH
:HQQDXIHLQHPIUHPGHQ3ODQHWHQYHUQXQIWEHJDEWH /HEH ZHVHQ ZRKQHQ LVW HV DOOHQ 3LORWHQ YHUERWHQ GRUW ]X ODQ GHQXQGLQGDV/HEHQHLQ]XJUHLIHQ6HOEVWZHQQGRUWQRFK
HLQH UFNVWlQGLJH *HVHOOVFKDIWVRUGQXQJ ZLH ] % GLH 6NODYHUHL EHVWHKHQ VROOWH GDUI VLFK NHLQHU HLQPLVFKHQ 'LHELWWHUHQ(UIDKUXQJHQQlPOLFKKDEHQ JH]HLJWGDGLHV LPPHU]XHLQHPJURHQ%OXWYHUJLHHQIKUW1XULP)DOOH GHU *HIDKU IU HLQ 5DXPVFKLII JLEW HV HLQH $XVQDKPH 'DQQ GDUI GHU .RPPDQGDQW LQ HLQHP *HKHLPEXFK QDFK VHKHQ ZR HU /DQGHP|JOLFKNHLWHQ KDEHQ ZLUG ZLH PDQ VLFK YHUKDOWHQ PX XQG DXI ZHOFKH :HLVH +LOIH DQJHIRU GHUWZHUGHQNDQQ 'DV5DXPVFKLII=HXV,,,å KDWWHGLHYLHUMXQJHQ:LVVHQ VFKDIWOHULQQHQ %HND 5HWD *DUD XQG *RUD DQ %RUG GLH XQWHUGHU/HLWXQJGHUEHUKPWHQ%LRORJLQ6XPDGHQ(LQ IOXGHUNRVPLVFKHQ6WUDKOXQJVWXGLHUWHQ'DEHLZDUHQVLH LQ HLQ VWDUNHV 6WUDKOXQJVIHOG JHUDWHQ GHVVHQ 6WUDKOHQ GLH DXWRPDWLVFKH 6WHXHUDQODJH GHV $WRPUHDNWRUV EHVFKlGLJ WHQ8PHLQH([SORVLRQ]XYHUPHLGHQPXWHGHU5HDNWRU YRP5DXPVFKLIIDEJHWUHQQWXQGLQ7HLOHQLQGHQ:HOWUDXP JHVFKOHXGHUWZHUGHQ:LHVROOWHHLQ5DXPVFKLIIDEHURKQH 5HDNWRU IOLHJHQ" 0LW +LOIH GHV FKHPLVFKHQ /DQGHWULHE ZHUNHV EHVWDQG ZHQLJVWHQV QRFK $XVVLFKW HLQHQ YHUERWH QHQ 3ODQHWHQ ]X HUUHLFKHQ 9RU GHU /DQGXQJ ODV 6XPD GHVKDOE DXV GHP *HKHLPEXFK YRU ª'HU 3ODQHW KHLW $QWLTXDUHVå6HLQH/XIWN|QQHQZLUDWPHQGLHGRUWDQJH EDXWHQ /HEHQVPLWWHO N|QQHQ ZLU HVVHQ :LU PVVHQ HLQH 6HQGHUDNHWH VWDUWHQ GLH IU XQV +LOIH DQIRUGHUW 9RU KXQ GHUW -DKUHQ KDEHQ KLHU VFKRQ HLQPDO VHFKV .RVPRQDXWLQ QHQGUHL-DKUH JHOHEWXQGXQVVRJDUHLQVLFKHUHV*HElXGH KLQWHUODVVHQ :LU ZHUGHQ DOVR DXI HLQHP 6HH ODQGHQ XQG LQGUHL-DKUHQN|QQHQZLUGLH+LOIVUDNHWHHUZDUWHQGLHXQV DEKROHQZLUG©
6LH ODQGHWHQ QXQ WDWVlFKOLFK QDFKWV DXI GHP 6HH $OV VLFK GLH DXIJHZLUEHOWHQ :HOOHQ ZLHGHU EHUXKLJW KDWWHQ EUDFKWHQ GLH .RVPRQDXWLQQHQ GLH 5DNHWH LQ ZDDJHUHFKWH /DJH XQG VWHXHUWHQ GDV :HVWXIHU DQ LQ GHVVHQ 0LWWH HLQ PDVVLJHV *HElXGH PLW ]ZHL VSLW]HQ 7UPHQ DXIWDXFKWH GLH ZLH +|UQHU HLQHV 6WLHUHV DXI GHP SOXPSHQ 8QWHUEDX VDHQ5HWDXQG*RUDQDQQWHQHV'DV6FKORGHU.RVPR QDXWLQQHQå DOV VLH YRU GHP %DX VWDQGHQ XQG HLQHQ (LQ JDQJVXFKWHQ(QGOLFKHQWGHFNWHQVLHHLQH7UDXVURVWIUHL HP 0HWDOO =XQlFKVW VWDQGHQ VLH KLOIORV GDYRU ELV *RUD DXIGHQ*HGDQNHQNDPGDDXFKKLHUGHU5DXPVFKLIIYHU VFKOX YRUKDQGHQ VHLQ PVVH 6LH VXFKWHQ GLH $QVFKOX VWHOOHXQGIDQGHQLQGHU0LWWHGHU7UHLQH9HU]LHUXQJLQ GHUGLHGUHL.RQWDNWVWHOOHQYHUERUJHQZDUHQ(LQ*ULII]X GHQ.RQWDNWVWHFNHUQGHV5DXPDQ]XJHVJHQJWH/DQJVDP XQG TXLHWVFKHQG NODSSWH GLH 7U DXI HLQH :RONH YHU EUDXFKWHUPRGULJULHFKHQGHU/XIWTXROODXVGHP*HElXGH ,P,QQHUQGHV6FKORVVHVZDUHQQRFKDQGHUH7UHQGLHDXI GLH JOHLFKH :HLVH JH|IIQHW ZHUGHQ NRQQWHQ 5HWD NHKUWH ]XU5DNHWH]XUFNXQGGLH0lGFKHQOXGHQGLHQRWZHQGL JHQ*HJHQVWlQGHXQG0DVFKLQHQDXV$OVGLH6RQQHå GHV $QWLTXDUHV DXIJLQJ KDWWHQ VLH GLH JHVDPWH /DGXQJ LQV *HElXGH JHVFKDIIW XQG GLH 5DNHWH DQ HLQHU VWHLOHQ 8IHU VWHOOHLP6HHYHUDQNHUW 2EZRKO VLH GLHVH $UEHLW VHKU DQJHVWUHQJW KDWWH VHW]WHQ VLH LKUH 7lWLJNHLW LQ ]ZHL *UXSSHQ IRUW $P 1DFKPLWWDJ NDPHQDOOHZLHGHU]XVDPPHQ=XHUVWEHULFKWHWH*DUDEHU GDV *HElXGH 'DV %DXZHUN LVW LQ ]ZHL %HUHLFKH JHJOLH GHUW 8QPLWWHOEDU DP (LQJDQJ EHILQGHQ VLFK GLH 5lXPH GLH ZLU DOV 6SHLVHUDXP XQG hEHUQDFKWXQJVUlXPH IHVWJH VWHOOWKDEHQ'RUWGXUIWHQZRKOGDPDOVGLH(LQZRKQHUGHV 3ODQHWHQKLQHLQZHQQVLH]XP6FKORNDPHQ+LQWHUHLQHU
JURHQ EHVRQGHUV JHVLFKHUWHQ 7U EHJLQQW GLH ]ZHLWH *UXSSH GHU 5lXPH GDUXQWHU HLQH %LEOLRWKHN XQG HLQ /DERU 'LHVH 5lXPH GXUIWHQ ZRKO QXU XQVHUH :LVVHQ VFKDIWOHULQQHQ EHWUHWHQ ,P .HOOHU HQWGHFNWHQ ZLU ]ZHL 7UHQ KLQWHU GHQHQ XQWHULUGLVFKH *lQJH EHJLQQHQ HLQHU QDFK 1RUGHQ GHU DQGHUH QDFK 6GHQ $OOH 5lXPH KDEHQ ZLUGHVLQIL]LHUWXQGJHUHLQLJWå 'DQDFK HU]lKOWH %HND YRQ GHU.XQGVFKDIWHUJUXSSH:LUVLQGQDFK1RUGHQJHJDQJHQ ZHLO GRUW HLQ K|KHU *LSIHO ]X VHKHQ ZDU 9RQ GRUW DXV NRQQWHQZLUGLH/DQGVFKDIWJXWEHUEOLFNHQ'LH.DUWHGLH 6XPDKLHUDXIJHKlQJWKDWVWLPPWQRFKJDQ]JHQDX1RUG |VWOLFK YRQ KLHU OLHJW HLQH JURH $QVLHGOXQJ PLW HLQHU VWDWWOLFKHQ %XUJ 6LH KHLW 1XU[DQXU[D 6G|VWOLFK OLHJW 6RUDWXUDVGZHVWOLFK6DZDWXUD]ZHLNOHLQHUH2UWHPLWWHQ LP:DOG9RQ1RUGZHVWHQNRPPWHLQH6WUDHGLHGHQ6HH XPJHKW XQG QDFK 1XU[DQXU[D IKUW 8P GLH 2UWH KHUXP OLHJHQ )HOGHU VRQVW EHVWHKW GLH 8PJHEXQJ DXV GLFKWHP :DOGGXUFKGHQHLQHVFKPDOH6WUDH]XXQVIKUW$XHU GHP NRQQWHQ ZLU HLQ YRQ VHOWVDPHQ 7LHUHQ JH]RJHQHV YLHUUlGULJHV)DKU]HXJHUVSlKHQGDVYRQ3HUVRQHQ EHJOHL WHW ZXUGH GLH DXV GHU (QWIHUQXQJ ZLH 0HQVFKHQ DXVVD KHQå ª*XW EHREDFKWHW© VDJWH 6XPD ªLFK KDEH KLHU QRFK HLQ $QZHLVXQJVEXFK XQVHUHU 9RUJlQJHU JHIXQGHQ ,FK OHVH HXFKGLHZLFKWLJVWHQ6WHOOHQYRU'LH(LQZRKQHUJOHLFKHQ GHQ0HQVFKHQELV DXI GUHL $EZHLFKXQJHQ 6LH KDEHQ QXU GUHL )LQJHU DQ MHGHU +DQG DXFK QXU GUHL =HKHQ XQG LKUH 1DVH LVW HLQ ]\OLQGULVFKHU HWZD DFKW =HQWLPHWHU ODQJHU 5VVHO:LUWUXJHQGHVKDOEHLQH.OHLGXQJGLHGLHVH8QWHU VFKLHGH YHUZLVFKWH 2EZRKO ZLU LP YHUERUJHQHQ EOHLEHQ ZROOWHQ HQWVWDQGHQ LPPHU VWlUNHUH .RQWDNWH ]X GHQ (LQ ZRKQHUQ(LQPDOZHLOVLHXQV/HEHQVPLWWHOEUDFKWHQXQG
]XP DQGHUHQ ZHLO ZLU LKQHQ YLHO KHOIHQ PXWHQ (LQPDO UHWWHWHQ ZLU GLH /HXWH YRU ULHVLJHQ 5DXEWLHUHQ GLH ZLU :|OIHå QDQQWHQ 'LH 6SUDFKZDQGOHU XQG GLH hEHUVHW ]XQJVK|UHU KDEHQ ZLU JOHLFK LQ GLH *HZlQGHU HLQJHEDXW ,P 1RUGHQ DP :DVVHUIDOO KDEHQ ZLU HLQ XQWHULUGLVFKHV .UDIWZHUNDQJHOHJWGHUQ|UGOLFKH*DQJIKUWGRUWKLQ'HU VGOLFKH *DQJ JHKW ]X GHQ ]ZHL )HOVPDVVLYHQ LP 6GHQ LQMHGHP)HOVHQLVWHLQ$XVJDQJ 'LH %lFKHGLHDXVGHP 6HH DEIOLHHQ GLHQHQ GHQ (LQZRKQHUQ DOV 7ULQNZDVVHU 'DV:DVVHULVWRIWYHUVHXFKWGRFKXQVHUEODXHV'HVLQIHN WLRQVPLWWHO EHVHLWLJW DOOH .UDQNKHLWVHUUHJHU 6RZHLW GHU 7H[WDXV GHP $QZHLVXQJVEXFK +LHU VHKW LKU GLH *HZlQ GHU XQVHUHU 9RUJlQJHULQQHQ 'LH +lQGH VWHFNHQ LQ EHU ODQJHQ bUPHOQ 0XQG XQG 1DVH VLQG YHUGHFNW 'DV *H ZDQGXPKOOWZLHHLQ0DQWHOGHQJDQ]HQ.|USHUQXUGLH $XJHQVLQGVLFKWEDU© *RUD ZDU JDQ] DXIJHUHJW XQG ULHI 'D VHKHQ ZLU GRFK ZLH 9RJHOVFKHXFKHQ DXV 0VVHQ ZLU GDV ZLUNOLFK WUD JHQ"å $OOHUGLQJVå EHPHUNWH 6XPD DXI HLQHP YHUERWHQHQ 3ODQHWHQJLOWVWUHQJVWH'LV]LSOLQå ,FK VHKH GDV MD HLQå HUZLGHUWH *RUD DEHU JHQJW HV GHQQ QLFKW ZHQQ LPPHU QXU GLH GDV VFKUHFNOLFKH =HXJ WUDJHQ GLH LQ GHQ 9RUUlXPHQ 'LHQVW KDEHQ" 'LH DQGHUHQ EUDXFKHQ GRFK GHQ 0XPPHQVFKDQ] QLFKWå ± (LQ JXWHU 9RUVFKODJå EHVWlWLJWH 6XPD GDV OlW VLFK HLQULFKWHQ %HND XQG *RUD LKU VHW]W KHXWH QRFK GDV .UDIWZHUN LQ *DQJå 'DVZDUVFKQHOOJHVFKHKHQ'DV6FKORZXUGHZRKQOLFK ,Q DOOHQ 5lXPHQ IOR :DVVHU DXV GHQ :DVVHUKlKQHQ OHXFKWHWHQ YHUGHFNWH /LFKWTXHOOHQ VRUJWHQ :lUPHVWUDKOHU GDIUGDVLFKGDVNDOWH*HPlXHUHUZlUPWH,QGHQEHLGHQ
7UPHQ ZDUHQ ]ZHL 6HQGHU HLQVDW]EHUHLW GLH DXI GLH :HOOHQOlQJH DOOHU )XQNVSUHFKJHUlWH DEJHVWLPPW ZDUHQ 6RJDU HLQ NOHLQHU /XIWNLVVHQJOHLWHU VWDQG ]XU 9HUIJXQJ GHVVHQ6SHLFKHUDXIJHODGHQZXUGHQ1XUGLH %HVFKDIIXQJ YRQ /HEHQVPLWWHOQ PXWH QRFK JHNOlUW ZHUGHQ GRFK GDV HLOWHQLFKWQRFKUHLFKWHQGLHPLWJHEUDFKWHQ9RUUlWH $P QlFKVWHQ 7DJ DUEHLWHWHQ DOOH ZHLWHU DQ GHU (LQULFK WXQJGHV*HElXGHVXQGEHLGHU(UNXQGXQJGHU8PJHEXQJ $P 1DFKPLWWDJ K|UWHQ GLH .RVPRQDXWLQQHQ EHU GDV )XQNVSUHFKJHUlW *DUD JDQ] DXIJHUHJW UXIHQ $XI GHP :HJ ]X XQVHUHP 6FKOR JHVFKHKHQ VHOWVDPH 'LQJH 'LH (LQZRKQHU NRPPHQ PLW )DKQHQ XQG JURHQ +RO]SODWWHQ ODQJVDP]XXQVKHUDQ'D]XHUW|QWHLQJHWUDJHQHU*HVDQJ HV NOLQJW DOV KlWWHQ DOOH GHQ 6FKQXSIHQ 9RUDQ ZDQGHOQ *HVWDOWHQ GLH 8PKlQJH ZLH ZLU WUDJHQå ± 9HUVWDQGHQå DQWZRUWHWH6XPDDOOHYHUVDPPHOQVLFKVRIRUWLP6FKORå 'LH .RVPRQDXWLQQHQ VFKORVVHQ GLH (LQJDQJVWU (WZDV YRP )HQVWHU HQWIHUQW GDPLW VLH YRQ DXHQ QLFKW JHVHKHQ ZXUGHQ EHREDFKWHWHQ VLH GDV 1DKHQ GHU 0HQJH 'UHLLJ 0HWHUYRUGHP6FKORKLHOWHQGLH /HXWHDQ =ZHL*HVWDO WHQ LQ ODQJHQ *HZlQGHUQ JLQJHQ DXI GDV +DXV ]X XQG EHJDQQHQPLWKRKHUQlVHOQGHU6WLPPH]XVLQJHQ9RQ=HLW ]X =HLW XQWHUEUDFKHQ VLH LKUHQ *HVDQJ GDQQ VDQJ GLH ZDUWHQGH 0HQJH ZHLWHU 5HWD ZDU IDVVXQJVORV XQG IUDJWH :DVVROOGDVEHGHXWHQ".|QQWLKUGDVHUNOlUHQ"å 'LHDQGHUHQ VFKZLHJHQ GDQQ VDJWH 6XPD -D LFK NDQQ HVPLUYRUVWHOOHQ'RFKZLHVROOLFKHVHXFKHUNOlUHQ ,FK NDQQQXUYHUPXWHQGDGDV:LUNHQXQVHUHU9RUJlQJHU]X HLQHU 5HOLJLRQ JHIKUW KDW GLH XQV XQG XQVHUH 5DNHWH IU KHLOLJ KlOW 'DV KHLW VLH PVVHQ XQV YHUHKUHQ XQV XP +LOIH ELWWHQ XQG XQV GDQNHQ IU DOOHV DXFK IU GDV ZDV QLFKWVPLWXQV]XWXQKDW
'LH 9HUKOOWHQ VLQG 3ULHVWHULQQHQ GLH GLHVH 9HUHKUXQJ OHLWHQ:LUGUIHQKLHUQLFKWHLQJUHLIHQVRYHUUFNWXQVGLH 6DFKH DXFK HUVFKHLQW 'LH 6FK|SIHU GHV *HVHW]HV KDEHQ QDWUOLFKQLHYHUPXWHWGD HLQPDO.RVPRQDXWHQGDV =LHO HLQHU5HOLJLRQVHLQN|QQWHQ:LUZHUGHQYHUVXFKHQGLHVH PHUNZUGLJH :HOWDQVFKDXXQJ LQ HLQH YHUQQIWLJHUH 5LFKWXQJ ]X OHQNHQ $EHU VWLOO GHU *HVDQJ LVW YRUEHL HV JHKWZHLWHUå 1XQVFKULWWHLQElUWLJHU0DQQJHIROJWYRQHLQHPMQJH UHQDQGLH(LQJDQJVWU'HUMQJHUH0DQQWUXJ1lSIHXQG 3LQVHOGHUlOWHUHEHJDQQPLWJROGHQHU)DUEHHWZDVDQGDV 7RU ]X PDOHQ $XV GHQ %HZHJXQJHQ HUULHW %HND GD HV VLFK XP GDV JOHLFKH =HLFKHQ KDQGHOWH GDV DXFK DXI GHQ )DKQHQXQG +RO]SODWWHQ]XVHKHQZDU $XI HLQHP JOHLFK VFKHQNOLJHQ 7UDSH] VD HLQ VFKPDOHV 5HFKWHFN GDV REHQ YRQHLQHPJOHLFKVHLWLJHQ'UHLHFNDEJHVFKORVVHQZXUGH *DUDIDQGGLH/|VXQJXQGIOVWHUWHHUVWDXQW'DVLVWHLQ VFKHPDWLVFKHV%LOGGHUHLQIDFKHQ5DNHWH$EHUHLQHKHLOL JH5DNHWH"8QGZRKHUZLVVHQVLHGDZLUKLHUVLQG"å 'DV LVW HLQIDFK ]X HUNOlUHQå HUZLGHUWH *DUD $OV ZLU ODQGHWHQKDWGDV7ULHEZHUNJHQJHQG/lUPJHPDFKWXQG LQGHU1DFKWZDUHQGLH)HQVWHUEHOHXFKWHWå ,Q]ZLVFKHQ KDWWH GHU .QVWOHU VHLQH $UEHLW EHHQGHW :LHGHU IROJWH HLQ ODQJHU *HVDQJ 'DQQ WUDWHQ HOI /HXWH YRU GLH HLQJHZLFNHOWH 3DNHWH WUXJHQ XQG VLH YRUP 7RU DEOHJWHQ 'DEHL KREHQ EHLGH 3ULHVWHULQQHQ LKUH $UPH DXVJHEUHLWHW LQ GLH +|KH 1XQ ELQ LFK GUDQå HQWVFKLHG 6XPDVLHKDEHQXQV*HVFKHQNHRGHU2SIHUJHEUDFKWGLH ZLU HQWJHJHQQHKPHQ VROOHQ %HND GX IROJVW PLU EOHLEVW DEHUDQGHU7UVWHKHQå 6XPD XQG %HND ]RJHQ GLH 8PKOOXQJHQ EHU EHJDEHQ VLFK LQ GLH lXHUHQ 5lXPH XQG OLHHQ GLH 7U ODQJVDP
DXIVFKZHQNHQ6XPDVFKULWWZUGHYROOKLQDXV6RIRUWVDQN GLH0HQJHLQGLH.QLH6XPDEOLHEVWHKHQXQGKREHEHQ IDOOV EHLGH $UPH 'DQQ EHIDKO VLH %HND GLH 3DNHWH LQV *HElXGH ]X WUDJHQ $OV %HND GLH EHLGHQ HUVWHQ 3DNHWH DXIKRE YHUQDKP PDQ HLQ IUHXGLJHV *HPXUPHO DXV GHU 0HQJH1XQWUDW HLQHGHU3ULHVWHULQQHQQlKHUXQG VSUDFK 2JU|WHDOOHU:UGLJHQ'XELVWXQVHUH5UUUUUUUUå 'DV 5UU NDP YRP hEHUVHW]HUDXWRPDWHQ HU KDWWH NHLQ SDVVHQGHV:RUWJHIXQGHQXQGOLHIHUWHGHQ%HJULIIXQEHU VHW]W :LU 8QZUGLJHQ KDEHQ HLQH JURH %LWWHå QlVHOWH HV ZHLWHU DXI XQVHUHQ )HOGHUQ ZROOHQ GLH 3IODQ]HQ QLFKW ZDFKVHQ /DQJHU 5HJHQ ZDU VFKXOG GD ZLU GDV 6DDWJXW ]XVSlWLQGHQ%RGHQJDEHQ+LOIXQVRXQVHUH5UUUUUUUUUå :LHGHU PXWH 6XPD HLQH (QWVFKHLGXQJ WUHIIHQ *HZL VLH NRQQWHQ KHOIHQ DEHU ZDU GDV QLFKW HLQ 'LV]LSOLQYHU VWR" 'HVKDOE DQWZRUWHWH VLH QXU IHLHUOLFK ,FK ZHUGH VHKHQRELKUHVYHUGLHQW ,KUEHLGHQ DEHUQXULKUEHLGHQ NRPPW PRUJHQ ZLHGHU XP PHLQH $QWZRUW ]X HUIDKUHQå 'DQDFK JLQJ 6XPD LQV 6FKOR ]XUFN XQG OLH GLH 7U VFKOLHHQ8QWHU*HVDQJHQWIHUQWHVLFKGLH0HQJH 1XQ VHW]WHQ VLFK GLH .RVPRQDXWLQQHQ ]XU %HUDWXQJ ]X VDPPHQ 6XPD IUDJWH 'UIHQ ZLU KHOIHQ" 2GHU PLVFKHQ ZLUXQVXQ]XOlVVLJHLQ"å *DUD YHUWUDW GLH 0HLQXQJ :LU KDEHQ GLH *DEHQ DQJH QRPPHQXQGZLUEUDXFKHQVLHDXFKZHQQZLUDXIXQVHUH 5HWWXQJVUDNHWH ZDUWHQ :LU ZlUHQ GRFK %HWUJHU ZHQQ ZLUIUGLHVH*DEHQNHLQHQ*HJHQZHUWOLHIHUQå *RUDIJWHKLQ]X:LUZlUHQ6FKPDURW]HUGLH VLFK DXV GHP $EHUJODXEHQ DQGHUHU HLQ EHTXHPHV /HEHQ PDFKWHQ :LU KDEHQ :DFKVWXPVEHVFKOHXQLJHU PLW DOVR N|QQHQ ZLU KHOIHQå
+DOWå XQWHUEUDFK6XPDVRHLQIDFKJHKWGDVQLFKW*XW ZLUKHOIHQ$EHUGHU6LQQGHV*HVHW]HVXQVQLFKWHLQ]XPL VFKHQ PX HUIOOW ZHUGHQ $OVR ZLUG *RUD DOV XQVHU $JURQRPVLFKEHUOHJHQPVVHQZLHVLHLP5DKPHQGHU KHLOLJHQ 5DNHWH MD ODFKW QXU ZLH VLH LQ GLHVHU $UW GHQ 3IODQ]HQZXFKVEHHLQIOXVVHQNDQQå 'DV ZHL LFK VFKRQå HUZLGHUWH *RUD LFK NRPELQLHUH GLH :DFKVWXPVEHVFKOHXQLJHU PLW HLQHP $PPRQLXPGQ JHU GHQ LFK LQ HLQHP 5lXFKHUDSSDUDW YHUGDPSIHQ ODVVH 'LHVH 6FKZDGHQ ZHUGHQ EHU GLH )HOGHU ]LHKHQ XQG LQ IHLQVWHU9HUWHLOXQJGRUWQLHGHUJHKHQå (LQYHUVWDQGHQå EHVWlWLJWH 6XPD DEHU %HND JHKW PLW XQGKDWEHUGHLQH6LFKHUKHLW]XZDFKHQå $P DQGHUHQ 0RUJHQ IXKU HLQ K|O]HUQHV )DKU]HXJ YRU GDV YRQ ]ZHL DFKWILJHQ UDXSHQlKQOLFKHQ PHWHUJURHQ DEHUGUHL0HWHUODQJHQ7LHUHQJH]RJHQZXUGH'DULQVDHQ GLHEHLGHQ3ULHVWHULQQHQ*RUDXQG%HNDOXGHQGDV1HEHO JHUlWDXIVWLHJHQHLQXQGNQDUUHQGIXKUHQVLHGHPHUVWHQ 2UW HQWJHJHQ $XI GHQ )HOGHUQ YRQ 6DZDWXUD KLHOW GDV *HIlKUW*RUDVWHOOWHGLHHOHNWULVFKH+HL]XQJHLQIDWHGHQ $SSDUDW DQ GHU OLQNHQ 6HLWH %HND WUXJ UHFKWV XQG QXQ VFKULWWHQ VLH ODQJVDP GHQ )HOGUDQG HQWODQJ ZlKUHQG GHU :LQGGLH1HEHOVFKZDGHQEHUGLH$QEDXIOlFKHWULHE'LH HLQ]HOQHQ)HOGHUZDUHQGXUFKVFKPDOH:HJHJHWUHQQWDXI GHQHQ MHZHLOV HLQLJH 3HUVRQHQ VWDQGHQ GLH EHLP 1DKHQ GHV1HEHOJHUlWHVLQGLH.QLHVDQNHQ'DVVHOEHZLHGHUKROWH VLFK LQ 6RUDWXUD 'DQQ EUDFKWH GDV )DKU]HXJ GLH EHLGHQ ]XP 6FKOR ]XUFN DXI GHVVHQ $XHQWU PLW JROGHQHU )DUEHGDV6\PEROGHUKHLOLJHQ5DNHWHJOlQ]WH *OHLFKI|UPLJYHUJLQJHLQ-DKU*DUDYHUZDOWHWHHLQH.L VWH PLW *ROGPQ]HQ GLH VLH LP 6FKOR JHIXQGHQ KDWWH EH]DKOWH GDPLW .DXIOHXWH GLH LP 6FKOR EHUQDFKWHWHQ
XQG%DOOHQ JUREHQ 6WRIIV HLVHUQH 0HVVHU XQG :HUN]HXJH YHUNDXIWHQ*RUDPXWHQDFKGHUODQJHQ5HJHQ]HLWHUQHXW UlXFKHUQ %HND KDWWH HLQ 5XGHO GHU JHIlKUOLFKHQ :ROIHå HUOHJW 'LH (LQZRKQHU GHU QlFKVWHQ 2UWVFKDIWHQ EUDFKWHQ 3IODQ]HQSURGXNWH WHLOV DOV 'DQN DQ GLH KHLOLJH 5DNHWH WHLOV]XP7DXVFKJHJHQGLH:DUHQGHU.DXIOHXWH 5HWDXQG%HNDIXKUHQRIWPLWGHP/XIWNLVVHQJOHLWHUHLQH 5XQGH XP GHQ 6HH XP DQ YHUVFKLHGHQHQ 6WHOOHQ GDV :DVVHU]XNRQWUROOLHUHQ'DEHLEHUTXHUWHQVLHDXFKHLQHQ 7HLO GHV |VWOLFKHQ 6XPSIHV GHQQ LP 1RUGHQ EHIDQG VLFK HLQZHLWHUHU7HLFK $P -DKUHVWDJ LKUHU /DQGXQJ KDWWHQ VLH HLQ ZLFKWLJHV (UOHEQLV$OVVLHGLH:DVVHUSUREHDXVGHP7HLFKHQWQRP PHQKDWWHQK|UWHQVLHHWZDVJHUlXVFKYROOGXUFKGHQ:DOG NRPPHQ6FKQHOOOHQNWHQVLHGHQ*OHLWHUDQGHQ:DOGUDQG XQG VHW]WHQ LKQ KLQWHU HLQHP *HEVFK DXI GHP IHVWHQ %RGHQ DE 6FKRQ NDPHQ HLQH 0HQJH /HXWH DXV 5LFKWXQJ 1XU[DQXU[DGLH]ZHL+RO]IDKU]HXJHDQGHQ7HLFKIXKUHQ 6LH OXGHQ YRQ MHGHP )DKU]HXJ HLQHQ WRWHQ $FKWIHU DE GHQVLHPLW6FKZXQJLQGHQ7HLFKZDUIHQ'DQQHQWIHUQWHQ VLHVLFKZLHGHU5HWDVFKLPSIWH]RUQLJ6ROFKH'XPPN|S IH .HLQ :XQGHU ZHQQ LPPHU ZLHGHU 6HXFKHQ DXVEUH FKHQ 'DQQ HU]lKOHQ GLH 3ULHVWHULQQHQ QRFK HLQH VROFKH 6HXFKH ZlUH HLQH 6WUDIH GHU 5UUUUUUUU :LU JOHLWHQ MHW]W GLUHNW EHU GHQ 6XPSI ]X GHQ $EIOVVHQ GDPLW LFK GLH :DVVHUPHQJH PHVVHQ NDQQ PRUJHQ PX LFK GHVLQIL]LH UHQå %HNDIXKUORVXQGVDXVWHNQDSSEHUGHP6XPSIGDKLQ 6LHPXWHVHKUDXISDVVHQGHQQYHUHLQ]HOWVWDQGHQ%VFKH XQG %DXPVWPSIH LP :HJ 3O|W]OLFK VWLH %HND HLQHQ 6FKUHLDXVXQGIXKULQHLQHUHQJHQ.XUYH]XUFN ,P6XPSIVWHFNWHGHU2EHUN|USHUHLQHV0DQQHVGHVVHQ
+lQGHDXIGHP5FNHQ]XVDPPHQJHEXQGHQZDUHQ/DQJ VDP VDQN HU LQ GLH 7LHIH %HND EUDFKWH GDV )DKU]HXJ XQ PLWWHOEDU QHEHQ GHP 2SIHU ]XP 6WHKHQ 2EZRKO GHU *OHLWHU VWDUN VFKZDQNWH JHODQJ HV GHQ 0lGFKHQ GHQ 0DQQ KHUDXV]X]LHKHQ %HND VWHXHUWH VRIRUW ]XP 6FKOR XQG EUDFKWH GHQ *HUHWWHWHQ ]X 6XPD GLH LKQ IUDJWH ZHU LKQ LQ GHQ 6XPSI JHZRUIHQ KDEH (U DQWZRUWHWH 'DV ZDUHQGLH3ULHVWHULQQHQDXV1XU[DQXU[Då 6XPD ZROOWH ZLVVHQ ZDUXP GDV JHVFKHKHQ ZDU 'HU 0DQQ ]|JHUWH ]XQlFKVW EHNDQQWH GDQQ DEHU RKQH 8P VFKZHLIH:HLOLFKQLFKWDQ5UUUUUUUUJODXEHå 5HWDXQG*DUDNRQQWHQVLFKQLFKWEHKHUUVFKHQXQGODFK WHQODXWDXI6XPDZDUILKQHQHLQHQVWUHQJHQ%OLFN]XGHU VLHYHUVWXPPHQOLHXQGIRUVFKWHZHLWHU:DVJODXEVWGX QLFKW"å 'HU 0DQQ EHUOHJWH QXU NXU] XQG HUZLGHUWH GDQQ EHGlFKWLJ ,FK JODXEH QLFKW GD LKU 5UUUUUUUU VHLG ,KU N|QQW ]ZDU YLHOHV EHVVHU DOV ZLU LKU KDEW JHKHLPQLVYROOH 'LQJHGLHZLUQLFKWNHQQHQDEHU5UUUUUUUUVHLGLKUQLFKWå 8P GHQ )UHPGHQ YRU ZHLWHUHQ $XVHLQDQGHUVHW]XQJHQ PLWGHQJUDXVDPHQ3ULHVWHULQQHQ]XEHZDKUHQYHUPLHGHV 6XPD GLH :DKUKHLW VHLQHU $XVVDJH ]X EHVWlWLJHQ XQG HUNOlUWH QXU KRKHLWVYROO 'DV NDQQVW GX KDOWHQ ZLH GX ZLOOVW(VPXNHLQHUDQXQVJODXEHQXQGGDVZHUGHQZLU DXFK GHQ /HXWHQ YRQ 1XU[DQXU[D VHKU GHXWOLFK VDJHQ 5HWD XQG %HND VFKDIIW GHQ 0DQQ ]XUFN XQG YHUNQGHW GHQ 3ULHVWHULQQHQ XQVHUHQ 6WDQGSXQNW PLW JHERWHQHU )HL HUOLFKNHLWå 6FKQHOO KXVFKWH GHU *OHLWHU EHU GHQ 6HH 'HU 0DQQ ZLHVVLHDQGLH4XHOOHQHLQHV6XPSIEDFKHVYRQGHQHQDXV HLQ IHVWHU :HJ LQ GHQ 2UW IKUWH 'RUW QDKP 5HWD HLQ NOHLQHV *HUlW DXV GHU 7DVFKH XQG EHGHXWHWH GHP 8QJOlXELJHQå :HQQ GX +LOIH EUDXFKVW GUHKH GLHVH
NOHLQH .XUEHO 'DQQ NRPPHQ ZLU KLHUKHU 9HUVWHFNH DEHU GHQ.DVWHQJXWå 'HU0DQQEHGDQNWHVLFKXQGYHUEDUJGDV .lVWFKHQ]ZLVFKHQGHQ:XU]HOQHLQHV%DXPHV
$OVVLHGHQ:DOGYHUOLHHQXQGGLH)HOGHUHUUHLFKWHQERW VLFK LKQHQ HLQ VHOWVDPHU $QEOLFN =ZHL YLROHWW JHNOHLGHWH 3ULHVWHULQQHQ ]RJHQ PLW HLQHP UDXFKHQGHQ 0HWDOOJHIl XP GLH )HOGHU KHUXP *RUD VFKDOWHWH GDV hEHUVHW]HUJHUlW DXV XQG VDJWH NLFKHUQG ]X %HND 'LH GHQNHQ ZHQQ VLH 5DXFK PDFKHQ ZDFKVHQ GLH 3IODQ]HQ EHVVHU 6R HLQ 6FKZLQGHO 6LHK 'D OLHJW HLQH 0HQJH 2SIHUJDEHQ 'LH
ODVVHQVLFKLKUHQQXW]ORVHQ6FKZLQGHOQRFK JXWEH]DKOHQ .HLQ:XQGHUGDGHU0DQQLKQHQQLFKWJODXEWå %HND QLFNWH IOVWHUWH DEHU GDQQ 6WLOO MHW]W VLH KDEHQ XQVXQGXQVHUHQ%HJOHLWHUEHPHUNWXQGZLVVHQQLFKWZDV VLHGDYRQKDOWHQVROOHQå 6LHKROWHHLQHQ+DQGODXWVSUHFKHU KHUYRU 1XQ YHUNQGHWH VLH XQG LKUH :RUWH ZXUGHQ YHU VWlUNW GD HV ZLH 'RQQHUJHW|VH NODQJ :LU VLQG ]RUQLJ DXI HXFK :HU ZDJW HV LQ XQVHUHP 1DPHQ /HXWH ]X EH VWUDIHQ" ,FK YHUNQGH 5UUUUUUUU EHILHKOW GD HV MHGHP VHOEVW EHUODVVHQ ZHUGHQ PX RE HU DQ VLH JODXEW :HU QLFKW DQ 5UUUUUUUU JODXEW GHU GDUI QLFKW EHVWUDIW ZHUGHQ GHUVROOOHEHQZLHDOOHDQGHUHQ6RQVWEHVWUDIHQZLUå $OVGLHGRQQHUQGHQ:RUWHORVGU|KQWHQZDUHQGLH/HXWH DXI GLH .QLH JHVXQNHQ 1XQ NDPHQ GLH 3ULHVWHULQQHQ DXI GHQ.QLHQJHUXWVFKWXQGEDWHQXP*QDGH %HNDYHUNQGHWH,FKZLOOHXFKYHU]HLKHQ'RFK GD LKU QXQXQVHUHQ:LOOHQNHQQWKDQGHOWGDQDFKå 6FKXOGEHZXW XQG ]XJOHLFK GDQNEDU HUKREHQ VLFK GLH 3ULHVWHULQQHQXQGJHOHLWHWHQGHQ0DQQ]XGHQDQGHUHQGLH LKQLQLKUHU0LWWHDXIQDKPHQ%HNDXQG5HWD JLQJHQ]XP *OHLWHU ]XUFN 'LH WRWHQ 7LHUH LP 7HLFK KDWWHQ VLH YROO VWlQGLJYHUJHVVHQXQGVLH ZXWHQ DXFK QLFKW GD EHUHLWV YRU GUHL 7DJHQ WRWH 7LHUH LQ GHQ 6HH JHZRUIHQ ZRUGHQ ZDUHQXQGDOOHV:DVVHUYHUVHXFKWZDU 0LWWHQ LQ GHU 1DFKW VFKUHFNWH QlVHOQGHU *HVDQJ HLQHU EHWHQGHQ0HQJHGLH.RVPRQDXWLQQHQDXVGHP6FKODI,P 6FKHLQHGHU$XHQEHOHXFKWXQJVDKHQVLH /HXWHYRULKUHP 6FKORNQLHQHLQ]HOQHODJHQDXIGHP%RGHQXQGZDQGHQ VLFK YRU 6FKPHU]HQ 'LH 3ULHVWHULQ YRQ 6DZDWXUD ULHI LPPHUZLHGHU+HOIWXQV2KKHOIWXQVå 'LH.RVPRQDXWLQQHQ]RJHQGLH8PKlQJHEHUXQG5HWD ZROOWHVFKRQKLQDXVVWU]HQ
:RKLQ ZLOOVW GX"å IUDJWH 6XPD ,FK PX GHQ /HXWHQ KHOIHQå ULHI5HWDGLH6HXFKHLVWDXVJHEURFKHQå 'XEOHLEVWKLHUå EHIDKO6XPDLFK RUGQH DOV /HLWHU DQ GDDOOHKLHU]XEOHLEHQKDEHQå 'LH0lGFKHQHUVFKUDNHQVRGLHQVWOLFKKDWWH6XPDQRFK QLH ]X LKQHQ JHVSURFKHQ $EHU GDQQ HUOl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lJOLFK LP %DFK ZDVFKHQ PX 'LH 3OlW]HOHJWLKUIHVWXQWHUKDOEGHU2UWHQDWUOLFK2UGQHWDQ ZR 7ULQNZDVVHU HQWQRPPHQ ZLUG %HIHKOW GD DOOH $E IlOOH XQG DOOH WRWHQ 7LHUH YHUEUDQQW ZHUGHQ PVVHQ /DW GLH$VFKHDXIGLH)HOGHUVWUHXHQGDOHUQHQGLH(LQZRKQHU JOHLFK GDV 'QJHQ 'URKW XQVHUHQ =RUQ DQ IU MHGHQ GHU GLHVH*HVHW]HQLFKWHLQKlOW,FKIDKUHLQ]ZLVFKHQPLWGHP *OHLWHU ]X GHQ $EIOVVHQ XQG VRUJH IU GLH EODXH 'HVLQ IHNWLRQ :HQQ LKU LQ GHQ 2UWHQ VHLG PWH GDV :DVVHU EHUHLWVEODXIOLHHQ7UHLEWGDQQDOOH]XPHUVWHQ'HVLQIHN WLRQVEDG %OHLEW GRUW GDPLW DOOH %HIHKOH EHIROJW ZHUGHQ ² 6R MHW]W JHKHQ ZLU KLQDXV LFK YHUNQGH GD LKU PLW JHKW XQG GD DOOH %HIHKOH EHIROJW ZHUGHQ PVVHQ 'HP /lUPQDFKVFKHLQHQDXFKGLH/HXWHDXV6RUDWXUDHLQJHWURI IHQ ]X VHLQ -HW]W PVVHQ ZLU KDQGHOQå 6XPD |IIQHWH GLH 7U 6RIRUW VFKZLHJ GLH 0HQJH XQG K|UWH DQGlFKWLJ ZDV
6XPDGXUFKGHQ/DXWVSUHFKHUYHUNQGHWH ,Q GHQ QlFKVWHQ YLHUXQG]ZDQ]LJ 6WXQGHQ NDPHQ DOOH IQI QLFKW ]XP 6FKODIHQ DEHU GDQQ ]HLJWH VLFK GLH :LU NXQJ LKUHU 0DQDKPHQ (V NDPHQ NHLQH QHXHQ (UNUDQ NXQJHQ YRU GHU =XVWDQG GHU .UDQNHQ EHVVHUWH VLFK XQG DOOH$QRUGQXQJHQZXUGHQVWUHQJHLQJHKDOWHQ (LQHV7DJHVEHL6RQQHQDXIJDQJ ZXUGHQGLH .RVPRQDX WLQQHQ YRQ GHQ ]ZHL 3ULHVWHULQQHQ DXV 1XU[DQXU[D JH ZHFNW GLH 6XPD IOHKHQWOLFK EDWHQ 8QVHU +HUU GHU +HUU GHU%XUJGHU.RPSDNWXVYRQ1XU[DQXU[DELWWHWXP+LOIH JHJHQHLQHIXUFKWEDUH.UDQNKHLW%LWWHKHOIWXQVå ,P /XIWNLVVHQJOHLWHU EHUTXHUWHQ VLH GHQ 6HH $OV VLH GXUFK GHQ 2UW JLQJHQ K|UWHQ VLH DXV DOOHQ +lXVHUQ GDV 6W|KQHQGHU.UDQNHQ $Q GHU %XUJ HPSILQJ VLH VHKU K|I OLFK GHU .RPSDNWXV YHUEHXJWH VLFK WURW] VHLQHV GLFNHQ %DXFKHV PHKUPDOV XQG EDW VHOEVW QRFK HLQPDO XP +LOIH (UYHUVSUDFKDOOH$QRUGQXQJHQ]XEHIROJHQXQG]XXQWHU VWW]HQ 6XPD EOLHE LQ GHU %XUJ 'LH DQGHUHQ ]RJHQ PLW GHQ /DXWVSUHFKHUQ GXUFK GHQ 2UW XQG YHUNQGHWHQ LKUH KHLOLJHQå *HVHW]H'UHLPDODP7DJZXUGHQGLH%HZRKQHU ]XP :DVFKHQ DXIJHIRUGHUW VRJDU GLH .UDQNHQ PXWHQ GD]X DQ GHQ )OX JHWUDJHQ ZHUGHQ $OOH HUIOOWHQ GLH 9RUVFKULIWHQDXFKLKUXQJOlXELJHU)UHXQG 6XPD KDWWH LQ]ZLVFKHQ LQ GHU %XUJ GUHL 5lXPH EHOHJW GLHQLHPDQGEHWUHWHQGXUIWH'RUWUXKWHQVLFKGLH .RVPR QDXWLQQHQ DXV GLH NHLQHQ 'LHQVW KDWWHQ (V GDXHUWH HLQH :RFKH ELV GLH 6HXFKH HQGOLFK HUORVFKHQ ZDU 'HU (UIROJ IKUWHGD]XGDVLFKGLH(LQZRKQHUIRUWDQGUHLPDODP7DJ ZXVFKHQ DXFK GDQQ DOV GDV :DVVHU QLFKW PHKU EODX JH IlUEWZDU5HWDZDUJOFNOLFKGDDOOH.UDQNHQGLH6HXFKH EHUOHEWKDWWHQGHQQGLHDOWHQ/HXWHHU]lKOWHQGDIUKHU GLH+lOIWHGHU%HZRKQHUGDUDQJHVWRUEHQVHL
(WZD HLQHQ 0RQDW VSlWHU HUW|QWHQ DEHQGV LP )XQNJHUlW GLH6LJQDOHGHV1RWUXIVHQGHUV*DUDGLH'LHQVWKDWWHXQG %HND GLH 6LFKHUKHLWVEHDXIWUDJWH HLOWHQ ]XP *OHLWHU XQG VLH IXKUHQ PLW +|FKVWJHVFKZLQGLJNHLW DQV JHJHQEHUOLH JHQGH 8IHU 'RUW HUZDUWHWH VLH VFKRQ LKU XQJOlXELJHU )UHXQG%HNDVSUDQJDXVGHP%RRWXQGULHI9HUIROJHQVLH GLFKZLHGHU"å 'HU 0DQQ VFKWWHOWH GHQ .RSI XQG DQWZRUWHWH ª'LHVHV 0DOVHLGLKUEHGURKW'LHGUHL(UOHXFKWHWHQåGLH+|FKVWHQ GHU+HLOLJHQ5UUUUUUUUåVLQGDP1DFKPLWWDJLQ1XU[DQXU [DHLQJHWURIIHQ6LHKDEHQHLQH6FKDU%HZDIIQHWHPLWXQG ZROOHQHXFK]XP*HKRUVDP]ZLQJHQ© %HND HUZLGHUWHVHKUHUQVW:LUGDQNHQGLU 'DV LVW HLQH VHKUZLFKWLJH1DFKULFKWIUXQVå *DUDZROOWHGHP0DQQHLQ*ROGVWFNJHEHQGRFKGLHVHU ZHKUWH DE XQG VSUDFK VHOEVWEHZXW ,FK JODXEH QLFKW DQ GLH KHLOLJH 5UUUUUUUU DEHU LFK ZHL LQ]ZLVFKHQ GD LKU ]XP+HOIHQJHNRPPHQVHLG'HVKDOEKHOIHDXFKLFKHXFK JHUQå (U ZLQNWH DEVFKLHGQHKPHQG XQG UDQQWH LQ JURHQ 6SUQJHQ]XUFNLQGHQ:DOG 1DFK GHU 5FNNHKU GHU EHLGHQ 0lGFKHQ EHULHWHQ GLH .RVPRQDXWLQQHQLKUH/DJH6XPDEHJDQQ8QVHUH*HJQHU VLQGGLH2EHUKlXSWHUGHU2UJDQLVDWLRQGLHHLQVWGLHKHLOLJH 5DNHWHHUIDQGXQGKHXWHYRQGHQJHWlXVFKWHQ(LQZRKQHUQ $EJDEHQ HLQWUHLEW 6LH VLQG JHNRPPHQ XP XQV IU LKUH XQODXWHUHQ=ZHFNHDXV]XQXW]HQå (PSIDQJHQ ZLU VLH PLW GHQ /DXWVSUHFKHUQ XQG GURKHQ ZLULKQHQXQVHUHQ=RUQDQå VFKOXJ*RUDYRU 6XPDZHKUWHDEXQG HUOlXWHUWH6RHLQIDFKJHKWHVQLFKW 'HQNVW GX GLH 2EHUVWHQ HLQHU VROFKHQ 2UJDQLVDWLRQ JODX EHQ VHOEVW DQ GHQ 6FKZLQGHO GHQ VLH YHUEUHLWHQ" :LU PWHQ VFKRQ VWlUNHUH *HZDOW DQZHQGHQ 'DV MHGRFK
YHUELHWHW GDV *HVHW] EHU GLH YHUERWHQHQ 3ODQHWHQå -D ZLU PVVHQ DEZDUWHQ ZLH VLFK GLH 'LQJH HQWZLFNHOQå VWLPPWH %HND ]X ,FK ZHUGH LP YHUERUJHQHQ EOHLEHQ PHKUDOVYLHUYRQXQVKDEHQGLH(LQZRKQHUQLHJOHLFK]HL WLJ JHVHKHQ DOVR NHQQHQ VLH XQVHUH =DKO QLFKW (V LVW ]X HUZDUWHQGDVLHDXFKGLHLQQHUHQ5lXPHEHWUHWHQZROOHQ %HUHLWHQ ZLU ]ZHL 5lXPH GDUDXI YRU XQG YHUKlQJHQ GLH 7U ]X GHQ DQGHUHQ $XHUGHP ZHUGHQ ZLU GLH JDQ]H .RORQQHYHUSIOHJHQPVVHQ(WQLFKWVYRQGHPZDVLFK PLW 5HWD ]XVDPPHQ IU GLH XQJHEHWHQHQ *lVWH ]XEHUHLWH RKQH PLFK JHIUDJW ]X KDEHQ 'LH 8PKlQJH PVVHQ YRQ DOOHQLPPHUXQGLQDOOHQ 5lXPHQ JHWUDJHQ ZHUGHQ 7UDJW GDUXQWHU GHQ 5DXPDQ]XJ %HUHLWHW GLH 5lXPH YRU ,FK NPPHUH PLFK XP GLH 7RQEDQGDQODJH GHQQ MHGHV *H VSUlFKPXDXIJH]HLFKQHWZHUGHQå ,QGLHVHP$XJHQEOLFNNORSIWHHVDQGLH(LQJDQJVWU%H ND VFKDXWH YHUGXW]W DXV GHP )HQVWHU VLH KDWWH QLHPDQG NRPPHQVHKHQ8QWHQVWDQGHLQ0DQQGHUVLFKYRUVLFKWLJ XPVDK %HND |IIQHWH GHU )UHPGH WUDW VFKQHOO HLQ XQG EHULFKWHWH ª'LH KRKHQ )UDXHQ GHU KHLOLJHQ 5UUUUUUUU YRQ 1XU[DQXU[D KDEHQ PLFK JHVFKLFNW GDPLW LQ 6RUDWXUD XQG 6DZDWXUD PRUJHQ IUK YLHOH 2SIHU XQG $EJDEHQ IU GLH GUHL (UOHXFKWHWHQå EHUHLWJHVWHOOW ZHUGHQ ,FK HUKLHOW DEHU DXFKGHQ$XIWUDJKHLPOLFK]XHXFK]XHLOHQXPHXFK]X ZDUQHQ'LH(UOHXFKWHWHQå NRPPHQPLW%HZDIIQHWHQXQG ZROOHQHXFK]XP*HKRUVDP]ZLQJHQ$XFKGLH3ULHVWHULQ QHQ GHU EHLGHQ 2UWH KDEHQ PLFK JHEHWHQ HXFK ]X ZDU QHQ© 6XPD QLFNWH GHP 0DQQ IUHXQGOLFK ]X XQG VDJWH :LU KDEHQ PHKU )UHXQGH DOV ZLU GDFKWHQ *HEW XQVHUHP )UHXQG HLQ *ROGVWFN XQG (VVHQ (U VROO VLFK DXVUXKHQ XQG LQ GHU 0RUJHQGlPPHUXQJ DXIEUHFKHQ 'DQQ LVW HU
]HLWLJJHQXJLQ6DZDWXUDXQGHVIlOOWQLFKWDXIGDHUEHL XQVZDU:LUDQGHUHQVHW]HQXQVHUH9RUEHUHLWXQJHQIRUWå 1DFK 6RQQHQDXIJDQJ VD 6XPD DP )HQVWHU XQG EHRE DFKWHWH 1DFK HLQHU 6WXQGH VDK VLH HLQH YLROHWWH .XWVFKH DXV GHP :DOG KHUDXVNRPPHQ GLH EHUDOO PLW JROGHQHQ $EELOGXQJHQ GHU KHLOLJHQ 5DNHWH YHU]LHUW ZDU 'LH YLHU DFKWEHLQLJHQ =XJWLHUH VWDSIWHQ QXU ODQJVDP GXUFK GHQ 6DQG GHQQ YRU LKQHQ OLHIHQ ]ZHL YHUKOOWH )UDXHQ GLH HLIULJ5lXFKHUIlVVHUVFKZHQNWHQ'DQQIROJWHHLQH*UXSSH YRQEHZDIIQHWHQ0lQQHUQLQYLROHWWHQ8PKlQJHQ,QLKUHU 0LWWH OLHI HLQHU GHU HLQ DXV JROGHQHQ 6WDQJHQ JHIHUWLJWHV 6\PERO GHU KHLOLJHQ 5DNHWHå WUXJ 6XPD HLOWH PLW *DUD XQG*RUD]XU7U'HU:DJHQKLHOWXQPLWWHOEDUGDYRUGLH GUHL YLROHWW YHUKOOWHQ )UDXHQ VWLHJHQ DXV (LQH WUXJ GDV 5DNHWHQV\PERO LQ 6FKZDU] HLQH LQ 6LOEHU XQG HLQH LQ *ROG DXI GHP 8PKDQJ 'LH *ROGHQHå ULHI PLW KHUULVFKHU 6WLPPH DXV GHP :DJHQ KHUDXV (PSIlQJW PDQ VR GLH DOOHUHKUZUGLJVWH5UUUUUUUU"å 6XPD EOLHE UXKLJ XQG HUZLGHUWH QXU :LU KHLHQ HXFK DOV*lVWHZLOONRPPHQå 'LH)UHPGHQZROOWHQDQVFKHLQHQGHLQHQ6WUHLWYRULKUHQ %HJOHLWHUQYHUPHLGHQVWLHJHQVFKZHLJHQGDXVGHP:DJHQ XQG EHWUDWHQ GDV *HElXGH ,P (PSIDQJVUDXP ILQJ GLH *ROGHQHå ZLHGHUDQ]XNRPPDQGLHUHQ,KUVFKHLQWXQVHUH 2UGQXQJEHUKDXSWQLFKW]XNHQQHQLKUWUDJWQLFKWHLQPDO GDV KHLOLJH =HLFKHQ 7XUD DQ HXHUHQ *HZlQGHUQ (XFK ZHUGHLFK2UGQXQJEHLEULQJHQ,KUKDEWKHXWHXQGPRUJHQ ]XU 6WUDIH ]X IDVWHQå 6LH EOLFNWH VLFK LP 5DXP XP XQG EHIDKO +LHU ZHUGHW LKU XQVHUH /HXWH XQWHUEULQJHQ VLH PVVHQ VRIRUW (VVHQ HUKDOWHQ ,FK ZLOO LQ GLH 5lXPH GLH KLQWHUGLHVHU7UOLHJHQ'RUWZHUGHQZLUGUHL(UOHXFKWHWHQ HVVHQå
'D VLFK DOOHV VR HQWZLFNHOWH ZLH %HND YRUDXVJHVHKHQ KDWWH|IIQHWH 6XPD RKQH :LGHUVSUXFK GLH 7U EHWUDW PLW GHQ GUHL 9LROHWWHQ GHQ 5DXP XQG YHUVFKOR GHQ =XJDQJ 1DFK NXU]HU =HLW ZXUGH LP (PSIDQJVUDXP GDV (VVHQ VHUYLHUW DXFK GLH GUHL $QIKUHULQQHQ VSHLVWHQ DXVJLHELJ $XI HLQHQ %HIHKO GHU *ROGHQHQå YHUVDPPHOWHQ VLFK GLH .RVPRQDXWLQQHQ LQ GHP 5DXP LQ GHP VLFK GLH KRKHQå *lVWH QLHGHUJHODVVHQ KDWWHQ 'LH 6LOEHUQHå EHIDKO LKQHQ VLFK DQ GLH *HJHQVHLWH GHV 7LVFKHV ]X VHW]HQ 'DQQ VDJWH GLH *ROGHQHå PLW VFKDUIHU 6WLPPH ,KU KDEW ZRKO JH JODXEW LKU N|QQW KLHU WUHLEHQ ZDV LKU ZROOW" 'LH KHLOLJH 5UUUUUUUUZLUGHXFK]HLJHQZDVLKU]XWXQKDEW:LUKDEHQ YRQHXFKNHLQH $EJDEHQ HUKDOWHQ LQ HXHUHQ 2UWHQ EHKDO WHQGLH/HXWHIDVWDOOHVIUVLFKVHOEVW'DVLVWXQHUK|UW,KU KDEW VR YLHO ZLH P|JOLFK DXV GHQ *OlXELJHQ KHUDXV]XKR OHQ1HKPW]XU.HQQWQLVGDLKUKLHUXQWHUXQVHUHU+HUU VFKDIWVHLG ,KU NHQQW ZXQGHUEDUH 6DFKHQ GLH ZROOHQ ZLU DXFKZLVVHQ $XFKZLUPVVHQ:XQGHUWXQGDPLWNHLQHU GDUDQ ]ZHLIHOW GD HU XQV $EJDEHQ XQG *HKRUVDP DXI HZLJVFKXOGLJLVW'HU*HGDQNHPLWGHQUDXFKHQGHQ7|S IHQLVWJXWDEHUZLHPDFKWPDQHVGDGLH3IODQ]HQZLUN OLFK EHVVHU ZDFKVHQ" %HL XQV NODSSW HV VHOWHQ XQG GDQQ EHJLQQHQ GLH /HXWH ]X ]ZHLIHOQ 'DUDQ VHLG LKU DOOHLQ VFKXOGå 1XQPLVFKWHVLFKGLH6LOEHUQHå HLQ:LHNDQQ HLQ :D JHQ RKQH =XJWLHUH IDKUHQ" (LQ VROFKHU :DJHQ VWHKW QXU XQV GHQ 2EHUKlXSWHUQ GHU 5UUUUUUUU ]X :LH NDQQ PDQ :DVVHUEODXXQGKHLOHQGZHUGHQODVVHQ"'DVDOOHVKDEWLKU XQV]XHUNOlUHQ1RFKPDOV:HQQLKUVROFKH'LQJHNHQQW PVVHQZLUVLH]XHUVWZLVVHQ8QVHUH+HUUVFKDIWLVWXQDQ WDVWEDUXQGLKUKDEWXQV]XKHOIHQGLH0DFKWDXV]XEHQå 0LWJHIlKUOLFK]LVFKHQGHU6WLPPHGURKWHVFKOLHOLFKGLH
6FKZDU]Hå 1RFK JODXEHQ QLFKW DOOH /HXWH DQ XQV -H PHKU ZLU :XQGHU VFKDIIHQ XP VR PHKU ZHUGHQ XQV JH KRUFKHQ hEHU HXHUHQ 8QJHKRUVDP ZHUGHQ ZLU PRUJHQ ULFKWHQ (LQHV LVW NODU .HLQH YRQ HXFK ZLUG KLHUEOHLEHQ 'DV*HElXGHEHUQHKPHLFKå ,QGLHVHP$XJHQEOLFNVFKDOWHWH6XPDLKUhEHUVHW]XQJV JHUlWKHLPOLFKDXVXQGVDJWHLQGHU6SUDFKHGHU(UGH:LU PVVHQ =HLW JHZLQQHQ ELV ]XP QlFKVWHQ (VVHQ WXW ]HU NQLUVFKWXQGEXIHUWLJXQGYHUVXFKWGLH=HLWPLWVLQQORVHU *HVFKlIWLJNHLW ]X EHUEUFNHQå 'DQQ VFKDOWHWH VLH GDV *HUlW ZLHGHU HLQ XQG ZHQGHWH VLFK DQ GLH *ROGHQHå GLH LKUHQXQYHUVWlQGOLFKHQ:RUWHQPLWUDXLVFK]XJHK|UWKDWWH $OOHUHKUZUGLJVWH 5UUUUUUUU ,KU PW VFKRQ YHU]HLKHQ DEHUQRFKQLHZDULQXQVHUHPDEJHOHJHQHQ:LQNHOMHPDQG YRQHXFKZRKHUVROOWHQZLUDOOHVZLVVHQ"8QVHUH:XQGHU VROOWLKUHUKDOWHQGRFKEHGDUIHVGD]XHLQHUOlQJHUHQ9RU EHUHLWXQJ 0RUJHQ IUK ZHUGHQ ZLU DOOHV HUNOlUHQ XQG EHUJHEHQN|QQHQå 'LH XQWHUZUILJHQ :RUWH VFKLHQHQ GLH GUHL 9LROHWWHQ ]X EHUXKLJHQ XQG GLH 6FKZDU]Hå EHIDKO GHQ .RVPRQDXWLQ QHQ ]X YHUVFKZLQGHQ 6LH OLHHQ VLFK GDV QLFKW ]ZHLPDO VDJHQGHQQ GLH $EK|UDQODJH GLH %HND EHGLHQWH OLHI YRQ $QIDQJ DQ XQG ]HLFKQHWH DXFK ZHLWHUKLQ MHGHV :RUW GDV LP 5DXP JHVSURFKHQ ZXUGH KDDUJHQDX DXI 6RJDU GHU QlVHOQGH XQG JHWUDJHQH 7RQIDOO GHU %HVXFKHULQQHQ ZXUGH OHEHQVHFKWDXIJHQRPPHQ'HU$EHQGNDPKHUDQDOOHPLW $XVQDKPH GHU .RVPRQDXWLQQHQ DHQ HUQHXW 'DV (VVHQ VFKLHQ EHL GHU KHLOLJHQ 5DNHWH HLQH ZLFKWLJH 5ROOH ]X VSLHOHQ 'LHVHV 0DKO ZDU YRQ 5HWD PLW 0HGLNDPHQWHQ YHUVHKHQ ZRUGHQ 'HU (UIROJ ]HLJWH VLFK UDVFK QXU GLH +lOIWH GHU /HXWH HUUHLFKWH GLH 6FKODISOlW]H GLH DQGHUHQ VFKOLHIHQ VFKRQ DP 7LVFK HLQ 'LH GUHL 9LROHWWHQ KDWWHQ
JHUDGH ZLHGHU JURH 5HGHQ JHVFKZXQJHQ LQ GHQHQ YRQ *HKRUVDP XQG 7lXVFKXQJ GHU /HXWH GLH 5HGH ZDU DOV DXFK VLH SO|W]OLFK GLH .|SIH DXI GLH 7LVFKSODWWH VLQNHQ OLHHQ XQG HLQVFKOLHIHQ 6LH ZXUGHQ IHVW DQ LKUHQ 6WXKO JHEXQGHQ'DQQHUKLHOWHQVLHYRQ5HWDHLQH6SULW]HLQGHQ $UPXQGHUZDFKWHQZLHGHU =XQlFKVWWREWHQVLHYRU :XW VWLHHQ HLQLJH 0LQXWHQ ODQJ ZVWH %HVFKLPSIXQJHQ DXV XQGPXWHQGRFKIHVWVWHOOHQGDVLHPDFKWORVZDUHQ0LW HLQHP5XFNULVLFK6XPDGDV*HZDQGKHUXQWHUGLHDQGH UHQIROJWHQGHP%HLVSLHOXQGHQWVHW]WVDKHQGLH9LROHWWHQ GLH .RVPRQDXWLQQHQ LP 5DXPDQ]XJ VDKHQ GD HV VLFK XPJDQ]DQGHUH:HVHQKDQGHOWHGLHLKUHQ/HXWHQPLWGHP 5VVHOXQGGHQGUHL)LQJHUQQLFKWLPPLQGHVWHQJOLFKHQ 6Rå VDJWH 6XPD XQG DOOH )UHXQGOLFKNHLW ZDU DXV LKUHU 6WLPPHHQWVFKZXQGHQELVMHW]WKDEWLKUJHVSURFKHQMHW]W VLQG ZLU DQ GHU 5HLKH :DV LKU LP /DQGH WUHLEW GDUI XQV OHLGHU QLFKW LQWHUHVVLHUHQ ZDUXP JHKW HXFK QLFKWV DQ $EHU ZDV KLHU JHVFKLHKW GDV LVW HLQ]LJ XQG DOOHLQ XQVHUH 6DFKH:HQQLKUDXVGHU$QZHVHQKHLWXQVHUHU%UGHUXQG 6FKZHVWHUQ YRU KXQGHUW -DKUHQ HLQHQ $EHUJODXEHQ JH PDFKW KDEW GHU HXFK HLQ EHTXHPHV /HEHQ DXI .RVWHQ DQGHUHUVLFKHUWGDQQNDQQLFKGHPJDQ]VFKQHOOHLQ(QGH PDFKHQå 'DV ZLUG GLU QLFKW JHOLQJHQå VFKULH GLH *ROGHQHå ]X UFN :LU KDEHQ VFKRQ 7DXVHQGH YRQ 3ULHVWHULQQHQ LP JDQ]HQ /DQG GLH ZHUGHQ +XQGHUWWDXVHQGH YRQ /HXWHQ ]XP KHLOLJHQ .ULHJ JHJHQ HXFK IKUHQ 6LH ZHUGHQ HXFK EHUUHQQHQ ,FK VHKH VFKRQ GD LKU QLFKW ]X XQV JHK|UW $EHUGDVLQWHUHVVLHUWPLFKQLFKW:LUDOOHLQVLQGGLHKHLOLJH 5UUUUUUUU ZLU EHQ GLH 0DFKW DXV XQG ZHUGHQ DOOHV YHU QLFKWHQZDVXQVGDUDQKLQGHUWå
0LW IHLHUOLFKHP (UQVW HQWJHJQHWH 6XPD 'X NHQQVW XQ VHUH 0LWWHO QLFKW :HQQ HV XP XQVHU /HEHQ JHKW GDQQ GUIHQZLUVLHHLQVHW]HQ,KUKlWWHWGDQQHLQ0HHUYRQ%OXW ]X YHUDQWZRUWHQ $EHUå KLHU OlFKHOWH 6XPD ZLU KDEHQ
GDVJOFNOLFKHUZHLVHQLFKWQ|WLJ 'HUKHLOLJH .ULHJ ILQGHW QLFKWVWDWW%HNDEHJLQQHPLWGHU6HQGXQJå 'XUFK GHQ /DXWVSUHFKHU HUW|QWH OHEHQVQDK GLH 6WLPPH GHU *ROGHQHQå ,Q HXHUHQ 2UWHQ EHKDOWHQ GLH /HXWH IDVW DOOHVIUVLFKVHOEVW'DVLVWXQP|JOLFK,KUKDEWVRYLHOZLH P|JOLFKDXVGHQ/HXWHQKHUDXV]XKROHQ:LUPVVHQ:XQ GHU WXQ GDPLW NHLQHU GDUDQ ]ZHLIHOW GD HU XQV $EJDEHQ XQG *HKRUVDP DXI HZLJ VFKXOGLJ LVW 'LH /HXWH PVVHQ JHWlXVFKW ZHUGHQ ZHQQ ZLU ZHLWHUKLQ $EJDEHQ HUKDOWHQ VROOHQå 'DQQIROJWHGLH6WLPPHGHU6LOEHUQHQå'DV:LFKWLJVWH LVW XQVHUH 0DFKW LKU KDEW XQV ]X KHOIHQ GLH +HUUVFKDIW DXV]XEHQå (VIROJWHGLH6WLPPHGHU6FKZDU]HQå-HPHKU:XQGHU ZLU VFKDIIHQ XP VR PHKU /HXWH ZHUGHQ XQV JHKRUFKHQ 0LWGHQQHXHQ'LQJHQZHUGHQZLUGLH$EJDEHQXQG2SIHU YHUGRSSHOQN|QQHQ:LUPVVHQZLVVHQZLHGDVJHPDFKW ZLUGGLH/HXWHGUIHQGDVQLFKWHLQPDODKQHQå =XJHJHEHQ %HND KDWWH GLH 6lW]H JHVFKLFNW ]XVDPPHQ JHVWHOOW HLQPDO DXV GHQ 5HGHQ XQG ]XP DQGHUHQ DXV GHQ *HVSUlFKHQ DOV GLH 9LROHWWHQ JODXEWHQ DOOHLQ ]X VHLQ 6FKZHLJHQG KDWWHQ GLHVH LKUH HLJHQHQ :RUWH YHUQRPPHQ 6SUDFKORVVDHQVLHGDDOV6XPDGDV*HVSUlFKIRUWVHW]WH ,FKQHKPHDQLKUZLWGDZLUGLHVH:RUWHPLWJHZDOWL JHU /DXWVWlUNH LQ DOOHQ 2UWHQ GHV /DQGHV K|UHQ ODVVHQ N|QQHQ 'LH /HXWH ZHUGHQ QLFKW PHKU DQ HXFK JODXEHQ 9RQHXFKZUGHQLFKWVEOHLEHQå 'DQQKLHVLH5HWDGLHGUHLORV]XELQGHQXQGRUGQHWHDQ ,KU JHKW NHLQHQ 6FKULWW RKQH XQVHUH (UODXEQLV :LU QHK PHQNHLQH5FNVLFKWZHQQLKUYHUVXFKWXQV]XEHWUJHQ %HUDWHW HXFK ZLU ODVVHQ HXFK DOOHLQå 'DPLW HQWIHUQWHQ VLFKGLH.RVPRQDXWLQQHQ*RUDEHU]HXJWHVLFKGDEHLGH
7UHQ JHVFKORVVHQ ZDUHQ XQG YRQ GHQ *HIDQJHQHQ QLFKW JH|IIQHW ZHUGHQ NRQQWHQ 'DQQ HLOWHQ DOOH ]X %HND XQG K|UWHQ PLW ZDV GLH GUHL :UGHQWUlJHULQQHQ ]X VDJHQ KDWWHQ'LH*ROGHQHå JHVWDQGPLWPGHU6WLPPHHLQ6LH VLQG XQV EHU :LU PVVHQ VHKHQ GD VLH XQV ]LHKHQ ODV VHQ XQG ZLU ZHUGHQ GDQQ VRIRUW GDIU VRUJHQ GD QLH PDQGYRQXQVXQGGHUJHVDPWHQ5UUUUUUUULQGLHVHV*HELHW NRPPW 1LHPDOV 1XU VR N|QQHQ ZLU KRIIHQ GD VLH GDV *HKHLPQLVIUVLFKEHKDOWHQå 'LH6LOEHUQHå ZDUDQGHUHU0HLQXQJXQGULHI'LHVROOHQ XQVHUH0DFKWVSUHQ9HUVSULFKLKQHQZDVGXZLOOVW1XU HUVW HLQPDO KLHU ZHJNRPPHQ GDQQ ZHUGHQ VLH HWZDV HUOHEHQå 'DV LVW IDOVFKå XQWHUEUDFK VLH GLH 6FKZDU]Hå PDQPX]XJHEHQGDPDQYHUORUHQKDWXQGGLHDQGHUHQ VWlUNHUVLQG6HOEVWGDQQZHQQVLHQRFKKXQGHUW-DKUHGLH 6WlUNHUHQ VHLQ ZHUGHQ :LU PVVHQ LKQHQ 8UNXQGHQ JH EHQ LQ GHQHQ ZLU LKQHQ GLHVHV *HELHW LP 1DPHQ GHU 5UUUUUUUU IU HZLJH =HLWHQ EHUODVVHQ :LU ZHUGHQ GDIU VRUJHQ GD YRQ KLHU DXV NHLQH JHIlKUOLFKHQ *HGDQNHQ LQ XQVHUHQ +HUUVFKDIWVEHUHLFK JHODQJHQ ,FK ELQ EHU]HXJW GD VLH XQV DOOH LQ 6WDXE YHUZDQGHOQ N|QQHQ ZHQQ VLH ZROOHQ,FKQHKPHGLH'URKXQJVHKUHUQVWå 'LH6LOEHUQHå ZDU VHKU QDFKGHQNOLFK JHZRUGHQ XQG GLH *ROGHQHå VFKOR GLH %HUDWXQJ DE :LU PVVHQ HKUOLFK )ULHGHQ VFKOLHHQXQGXQVJHQDXDQXQVHUH9HUVSUHFKXQJHQKDOWHQ GDVLVWGHUHLQ]LJH$XVZHJå 'LH.RVPRQDXWLQQHQZXWHQQXQZRUDQVLHZDUHQ6LH EHJDEHQ VLFK LQ GDV =LPPHU GHU GUHL 9LROHWWHQ 'RUW YHU NQGHWH 6XPD :HQQ LKU HV HKUOLFK PHLQW N|QQHQ ZLU HLQHQ 9HUWUDJ VFKOLHHQ $EHU ZHU GDJHJHQ YHUVWRHQ VROOWHGHQEHVWUDIHQZLUPLWDOOHU+lUWHå 5HWD YHUNQGHWH 'HQ 9HUWUDJ ZHUGHQ ZLU HXFK VSlWHU
YRUOHJHQ (XUH /HXWH VLQG JHUDGH HUZDFKW %HIHKOW LKQHQ VRIRUW YRQ KLHU DE]X]LHKHQ XQG QDFK 1XU[DQXU[D ]X JH KHQ$XFKDOOH)DKU]HXJHPVVHQGRUWKLQå 'LH*ROGHQHå YHUVXFKWHQRFKHLQPDOVFKZDFK]XSURWH VWLHUHQ:LUN|QQHQGRFKQLFKWDOOHLQGXUFKGHQ JHIlKUOL FKHQ :DOG «å 6XPD VFKQLWW LKU GDV :RUW DE *HKRUFKW LKU"å -Då DQWZRUWHWHQDOOHGUHL'LH6FKZDU]Hå JDEGLHJHIRU GHUWHQ $QZHLVXQJHQ XQG EDOG YHUVFKZDQGHQ GLH /HXWH XQGGLHNQDUUHQGHQ:DJHQ ,QGHU=ZLVFKHQ]HLWDHQGLH9LROHWWHQZLHGHUUHLFKOLFK 'DQQ HUVFKLHQ 6XPD PLW GHP 9HUWUDJ GHU IHVWOHJWH GD GDV *HELHW YRQ 6DZDWXUD 6RUDWXUD XQG 1XU[DQXU[D QXU $EJDEHQDQGLH5UUUUUUUULP*ROGHQHQ+DXVGHU5UUUUUUUUå JHQDQQW 7XUDWXUD ]X JHEHQ KlWWHQ (V ZXUGH EHVWLPPW GD LQ GLHVHP *HELHW QXU GLH *HERWH XQG %HIHKOH DXV 7XUDWXUDJHOWHQVROOWHQ -HGH GHU GUHL 9LROHWWHQ PXWH HLQHQ $EVFKQLWW GHV 9HU WUDJHVODXWYRUOHVHQGDVKDWWH %HNDYHUODQJW'DQQXQWHU ]HLFKQHWHQ DOOH GUHL :UGHQWUlJHULQQHQ GHQ 9HUWUDJ LQ GHP VLH LKUHQ 'DXPHQ PLW YLROHWWHU )DUEH EHVWULFKHQ XQG GHQ $EGUXFN XQWHU GDV 'RNXPHQW VHW]WHQ 6XPD RUGQHWH DQ GD GLH YLHU MQJHUHQ 5DXPIDKUHULQQHQ GLH GUHL 9LR OHWWHQEHUGHQ6HHQDFK1XU[DQXU[DIDKUHQVROOWHQ,QGHU 6SUDFKH GHU (UGH VDJWH VLH GD]X 'DV ZLUG VLH QRFKPDOV YRQXQVHUHU0DFKWEHU]HXJHQ'DV+RO]LVWKLHUVFKZHUHU DOV :DVVHU GHVKDOE NHQQHQ VLH NHLQH %RRWH 6LH ZHUGHQ HUVWDXQWVHLQGDZLUVRJDU:DVVHUEHUTXHUHQN|QQHQå *RUDVWHXHUWHGHQ*OHLWHUXQGVWHOOWHGHQ$QWULHEVRHLQ GD VLH PLW HLQHP IXUFKWEDUHQ *HKHXO EHU GDV :DVVHU UDVWHQ $OV GLH :UGHQWUlJHULQQHQ GUEHQ DEJHVHW]W ZXU GHQ ZDUHQ VLH VLFKWOLFK EHQRPPHQ 6LH ZXUGHQ ELV QDFK
1XU[DQXU[D JHOHLWHW ZR VLH JOHLFK]HLWLJ PLW LKUHQ /HXWHQ HLQWUDIHQ GLH GHQ ZHLWHQ 8PZHJ KDWWHQ ODXIHQ PVVHQ $OV GLH .RVPRQDXWLQQHQ PLW LKUHQ %HJOHLWHULQQHQ DQ GHU %XUJ GHV .RPSDNWXV DQJHODQJW ZDUHQ HUVFKROO SO|W]OLFK HLQH GRQQHUQGH 6WLPPH XQG ULHI :LU YHUNQGHQ HLQH ZLFKWLJH%RWVFKDIWå 'DV ZDU 6XPD GLH DXI GHP 'DFK GHV 6FKORVVHV HLQH /DXWVSUHFKHUJUXSSH DQJHEUDFKW KDWWH GHUHQ 6FKDOO DOOH 2UWH XP GHQ 6HH KHUXP HUUHLFKWH 'LH /DXWVSUHFKHU GU|KQWHQ ZHLWHU XQG YHUNQGHWHQ PLW GHQ 6WLPPHQ GHU GUHL 9LROHWWHQ GHQ ,QKDOW GHV 9HUWUDJHV -XEHOQG QDKPHQ LKQ GLH (LQZRKQHU DXI ,Q 1XU[DQXU[D EHJDQQ HLQ IU|KOL FKHV9RONVIHVW
0UULVFK EHIDKOHQ GLH 9LROHWWHQ GHQ VRIRUWLJHQ $XI EUXFKEHVWLHJHQLKUHYLROHWWH.XWVFKH XQGHQWIHUQWHQVLFK DXI GHU VFKPDOHQ %HUJVWUDH GLH YRQ 1XU[DQXU[D LQ GLH )HUQHIKUWH :LHGHU GDKHLP DQJHNRPPHQ WUDWHQ GLH .RVPRQDXWLQ QHQ ]X HLQHU %HUDWXQJ ]XVDPPHQ %HVRUJW EHJDQQ 6XPD :LUKDEHQJHJHQGDV*HVHW]EHUGLHYHUERWHQHQ3ODQHWHQ YHUVWRHQ PVVHQ $EHU QXQ KDEHQ ZLU 3IOLFKWHQ :LU N|QQHQGLH/HXWHKLHUQLFKWPLWLKUHQ6RUJHQDOOHLQODVVHQ ZHQQ XQVHUH 5HWWXQJVUDNHWH HLQWULIIW :LU PVVHQ GDIU VRUJHQ GD VLH VLFK VHOEVW KHOIHQ N|QQHQ $EHU GDV ZLUG VHKUVFKZHUZHUGHQå *RUDPHLQWH,FKGHQNHGDLFKGHQ3ULHVWHULQQHQHLQH 0HQJH :DFKVWXPVEHVFKOHXQLJHU EHUODVVHQ NDQQ $XHU GHPZHUGHLFKVLHPLWGHQ*UXQGODJHQGHU 'QJXQJYHU WUDXWPDFKHQå 5HWDHUJlQ]WH,FKZHUGHLQGLH%lFKHHLQHDXWRPDWLVFKH :DVVHUUHLQLJXQJVDQODJH HLQEDXHQ GDPLW KLHU GDV 7ULQN ZDVVHUQLFKWPHKUYHUVHXFKWZHUGHQNDQQå *DUD IJWH KLQ]X 8QG LFK ZHUGH HLQLJHQ /HXWHQ GDV %DXHQ YRQ %RRWHQ EHLEULQJHQ $XFK ZHQQ GDV +RO] VFKZHUHUDOV:DVVHULVWVRVFKZLPPWGRFKHLQ%RRWDXFK GXUFKGLH:DVVHUYHUGUlQJXQJVRZLHGLHHLVHUQHQ6FKLIIH DXIGHU(UGH'DQQN|QQHQVLHDXFK)LVFKHIDQJHQå 6XPD ZDU ]XIULHGHQ PLW GHQ 9RUVFKOlJHQ XQG RUGQHWH DQVLHVRVFKQHOOZLHP|JOLFKDXV]XIKUHQ 'LH =HLW YHUVWULFK 'LH (LQZRKQHU OHUQWHQ ,Q 6DZDWXUD GUHKWHVLFKVRJDUVFKRQGDVHUVWH:DVVHUUDGLQGHQDQGH UHQ EHLGHQ 2UWHQ EDXWH PDQ GDUDQ 'LH (LQZRKQHU VFKHQNWHQ GHQ .RVPRQDXWLQQHQ XQEHJUHQ]WHV 9HUWUDXHQ 'HVKDOE ZDU %HND VHKU EHUUDVFKW DOV HLQHV $EHQGV HU QHXW GHU 1RWUXIVHQGHU HUW|QWH 6LH HLOWH ]XP *OHLWHU XQG
IXKUEHUGHQ6HHYRUVLFKWLJGLH1HW]HGHU)LVFKHUXPIDK UHQG +LQWHU HLQHP 6WUDXFK YHUVWHFNW ZDUWHWH GHU 8QJOlXELJHå $OV HU %HND VDK ZLQNWH HU VLH KHUDQ XQG IOVWHUWH +|FKVWH *HIDKU IU HXFK 'HU JURH 5\[ GHU +HUU GHV JDQ]HQ /DQGHV LVW PLW YLHOHQ %HZDIIQHWHQ JH NRPPHQ XQG ZLOO HXFK EHUIDOOHQ (XHU +DXV ZLOO HU EHVHW]HQ ,KU VROOW YHUVFKOHSSW ZHUGHQ XP QXU LKP VHOEVW ]X GLHQHQ XQG ]X KHOIHQ 9HUVWHFNW HXFK ELV HU ZLHGHU DE]LHKWå %HNDZDUVHKUHUQVWJHZRUGHQDOVVLHGLH:DUQXQJYHU QDKPDEHUMHW]WPXWHVLHOlFKHOQ,FKGDQNHGLUIUGLHVH ZLFKWLJH:DUQXQJåYHUVLFKHUWHVLHZLUZHUGHQGHP5\[ HLQHQ(PSIDQJEHUHLWHQGHULKPQLFKWJHIlOOWå 'HU 0DQQ OLH VLFK MHGRFK QLFKW VR OHLFKW EHU]HXJHQ /HLVH VSUDFK HU 6HLG YRUVLFKWLJ HU KDW DXFK 0DVFKLQHQ PLW GLH 6WHLQJHElXGH ]HUVW|UHQ N|QQHQ /HEW ZRKO ,FK ZQVFKH HXFK (UIROJå 'DQQ NURFK HU YRUVLFKWLJ LQ GHQ 6FKXW]GHV:DOGHV]XUFN %HNDEHULFKWHWHDXIJHUHJWGHQDQGHUHQZDVVLHHUIDKUHQ KDWWH*HVSDQQWKDWWHQDOOH]XJHK|UW5XKLJEHJDQQ6XPD ª'LH *HIDKU LVW XQV EHNDQQW *HIDKU DXFK IU XQVHUH )UHXQGHLQ6DZDWXUDXQG6RUDWXUD 'RFKGDV *HVHW] EHU GLH YHUERWHQHQ 3ODQHWHQ PX HLQJHKDOWHQ ZHUGHQ 0LW XQVHUHU +HLOLJNHLWå VLQG ZLU LQ HLQH VFKZLHULJH /DJH JHUDWHQ :LU GUIHQ NHLQ %OXW YHUJLHHQ XQG ZHQQ ZLU NHLQH JHHLJQHWHQ 0LWWHO ILQGHQ PVVHQ ZLU XQV YHUVWHN NHQ© 'RFK*RUDKDWWHHLQHQ(LQIDOO:LUKDEHQHLQHQ5DXP ELOGSURMHNWRU :HQQ ZLU XQV DXI HLQHQ )HOVHQ VHW]HQ XQG PLWGHP*HUlWGLH%LOGHUYRQJHZDOWLJHQ:|OIHQDXIGHP :HJ HUVFKHLQHQ ODVVHQ GDQQ ZHUGHQ HLQLJH VFKRQ $QJVW EHNRPPHQå
6XPD QLFNWH XQG PHLQWH (LQ NOXJHU *HGDQNH $OOHU GLQJV ZHUGHQ ZLU GLHVH 5DXPELOGHU QLFKW LQ GHQ :HJ VWHOOHQN|QQHQGLH%HZDIIQHWHQZUGHQVLHDQJUHLIHQXQG GHQ 6FKZLQGHO VFKQHOO GXUFKVFKDXHQ $EHU GDPLW N|QQHQ ZLUGLH:HJH]XXQVHUHQ)UHXQGHQYHUVSHUUHQ'DQQZLUG QDWUOLFKGLHJHVDPWH.ULHJVPDFKW]XXQVPDUVFKLHUHQå $XI HLQPDO ULHI *DUD PLW IXQNHOQGHQ $XJHQ 2EHQ LVW GDV /DERU ,FK ZHUGH GRUW HLQLJH hEHUUDVFKXQJHQ SURGX ]LHUHQå ,Q]ZLVFKHQ KDWWH 5HWD ODQJH EHUOHJW KDWWH PLW GHPNOHLQHQ7DVFKHQUHFKQHUJHDUEHLWHWXQGHUNOlUWHGDQQ :LU KDEHQ HLQH 0HQJH HOHNWURWHFKQLVFKHV 0DWHULDO KLHU DXIGLHVHP*HELHWJLEWHVYLHOH0|JOLFKNHLWHQå $FKWXQJå ULHI SO|W]OLFK %HND HLQ 0DQQ NRPPW HLOLJ DXIGDV+DXV]Xå %HND XQG 6XPD |IIQHWHQ YRUVLFKWLJ GLH 7U 'HU 0DQQ YHUEHXJWHVLFK DFKWXQJVYROOXQGEHULFKWHWH 0LFK VFKLFNW GHU .RPSDNWXV 0RUJHQ DEHQG ZLUG GHU JURH 5\[ PLW YLHOHQ %HZDIIQHWHQ LQ 1XU[DQXU[D ORV]LHKHQ XP HXFK LQ GHU 1DFKW ]X EHUIDOOHQ 'HU .RPSDNWXV PX PLW VHLQHQ /HXWHQ PLW]LHKHQ (U ELWWHW XP *QDGH :HQQ HU HLQHQ *UXQG ILQGHW ZLUG HU VLFK PLW VHLQHQ 0DQQHQ HQWIHUQHQ (UUlWHXFKDXFK6DZDWXUDXQG6RUDWXUD]XZDUQHQå 6XPD ZDU HUVWDXQW GD GHU .RPSDNWXV LKQHQ KHOIHQ ZROOWHXQGVSUDFKZUGHYROOhEHUPLWWOHGHP.RPSDNWXV XQVHUHQ 'DQNå 'DQQ HUWHLOWH VLH *DUD GLH :HLVXQJ GHP %RWHQHLQ*ROGVWFNDOV/RKQ]XJHEHQ 1XQGDVLHZXWHQGDVLHQRFKHLQHQ7DJ=HLWKDWWHQ EUDXFKWHQ VLH LKUH 9RUEHUHLWXQJHQ QLFKW ]X EHUVWU]HQ *DUDDUEHLWHWHLP /DERUGLHDQGHUHQ]RJHQ /HLWXQJHQLP *HOlQGH XQG JUXEHQ EHVWLPPWH 'LQJH HLQ ,Q HLQHP GLN NHQ KRKOHQ %DXP ZXUGH VRJDU HLQ JURHU (OHNWURPDJQHW DQJHEUDFKW $OV GHU 0RUJHQ JUDXWH ZDU DOOHV YRUEHUHLWHW
GRFK GDV 6FKOR XQG VHLQH 8PJHEXQJ OLHHQ NHLQH 6SXU GDYRQ HUNHQQHQ %HND XQG 5HWD EUDFKWHQ HLQHQ 7HLO GHU FKHPLVFKHQ3URGXNWLRQQDFK6GHQDXIGLHEHLGHQ)HOVHQ ZR VFKRQ GHU 5DXPELOGSURMHNWRU VWDQG %HND ZDUQWH GLH (LQZRKQHUGHUEHLGHQ2UWH'LHVHKDWWHQVFKRQ(UIDKUXQ JHQ PLW %HZDIIQHWHQ XQG ]RJHQ LQ GHQ :DOG XP VLFK LQ +|KOHQ ]X YHUEHUJHQ %HND VDK YROOHU 0LWOHLG KLQWHU GHQ IOFKWHQGHQ /HXWHQ KHU GLH PKVDP XQWHU GHU /DVW LKUHU PLWJHVFKOHSSWHQ +DEVHOLJNHLWHQ DXI GHQ :DOGZHJHQ QDFK REHQVWLHJHQ $OVGLH$EHQGGlPPHUXQJHLQVHW]WHVDHQ5HWDXQG*D UD DXI GHP |VWOLFKHQ )HOVHQ *RUD XQG %HND DXI GHP )HOVHQYRU6DZDWXUD0LWGHQ)XQNVSUHFKJHUlWHQYHUVWlQ GLJWHQVLHVLFKXQWHUHLQDQGHUXQGPLW6XPDGLHLP6FKOR ]XUFNJHEOLHEHQ ZDU 'DQQ ZDU HV VRZHLW 5HWD ULHI $FKWXQJ 6LH NRPPHQ ,Q +RO]IDKU]HXJHQ GLH YRQ MH ]ZHL 5DXSHQSIHUGHQ JH]RJHQ ZHUGHQ VLW]HQ /HXWH GLH HLQHQ0HWDOOWRSIDXIGHP.RSIWUDJHQXQGGHQ2EHUN|USHU PLW HLQHP 0HWDOO]\OLQGHU XPKOOW KDEHQ =ZLVFKHQ GHQ :DJHQ ODXIHQ QRFK %HZDIIQHWH GDV VFKHLQHQ GLH /HXWH GHV .RPSDNWXV ]X VHLQ 6LH QlKHUQ VLFK GHP :HJ QDFK 6RUDWXUDLFKVFKDOWHHLQå $Q GHU $XVJHVWDOWXQJ GHU 5DXPELOGHU KDWWHQ VLFK GLH YLHU MXQJHQ .RVPRQDXWLQQHQ EHJHLVWHUW EHWHLOLJW 6LH KDWWHQ HLQH *UXSSH YRQ ]Z|OI :|OIHQ HQWZLFNHOW YRQ GHQHQ HLQHU VFKDXULJHU DXVVDK DOV GHU DQGHUH $OV 5HWD HLQJHVFKDOWHW KDWWH EOLHE GHU +HHU]XJ PLW HLQHP 6FKODJ VWHKHQ 'LH 5DXPELOGHU EHZHJWHQ VLFK :HQQ HLQ :ROI VFKHLQEDU LQ 5LFKWXQJ GHU .ULHJVOHXWH VSUDQJ ]RJHQ DOOH GLH .|SIH HLQ XQG HLQ 6FKUHFNHQVVFKUHL JLQJ GXUFK LKUH 5HLKHQ 5HWD HUNDQQWH GHQ 5\[ DQ VHLQHU JROGHQHQ 5 VWXQJXQGDXFKGDUDQGDHUQXQ%HIHKOHHUWHLOWH
:LU ]LHKHQ ZHLWHU 6RUDWXUD HUOHGLJHQ ZLU QDFK GHP 6LHJå 5HWD GUHKWH DQ GHQ 9HUJU|HUXQJVVFKUDXEHQ :LH GHU HUW|QWHQ 6FKUHFNHQVUXIH XQG VLH HUNDQQWH GHQ .RP SDNWXV GHU ]XP 5\[ HLOWH (V JDE HLQH HUUHJWH $XVHLQDQ
GHUVHW]XQJ ]ZLVFKHQ GHQ EHLGHQ 'HXWOLFK ZDU ]X VHKHQ GDGHU5\[QDFKJHEHQPXWH*RUDKDWWHPLWLKUHP9RU VFKODJ:|OIHHUVFKHLQHQ]XODVVHQ]XIlOOLJGHQHQWVFKHL GHQGHQ 3XQNW JHWURIIHQ (V JDE HLQ *HVHW] ZRQDFK GHU .RPSDNWXVVRIRUW]XP6FKXW]YRQ1XU[DQXU[DXPNHKUHQ PXWH ZHQQ GHU 2UW YRQ :|OIHQ EHGURKW ZDU 'HVKDOE NRQQWHGHU+HHU]XJ]XQlFKVWQLFKWZHLWHU]LHKHQGHQQHUVW WUDWHQ GLH 7UXSSHQ GHV .RPSDNWXV GHQ +HLPZHJ DQ 0LW ]RUQLJHUODXWHU6WLPPHRUGQHWHGHU5\[VHLQH6WUHLWPDFKW $P(QGHPDUVFKLHUWHHLQH*UXSSH)XYRON -HW]W PHOGHWH 5HWD DQ %HND 'HU OHW]WH LVW HEHQ YRUEHL N|QQHQZLUEHJLQQHQ"å %HND NRPPDQGLHUWH(UVWH :HOOH ORVå *OHLFK]HLWLJ EH JDQQ DXI GHU JHVDPWHQ 6WUHFNH GLH GHU +HHU]XJ JHUDGH HLQQDKP HLQ SKDQWDVWLVFKHV )HXHUZHUN =XHUVW NDP HLQH 6HULHYRQ5DNHWHQGLHDXIGHQ:HJ JHULFKWHWZDUHQGRUW DXIWUDIHQXQGLQ]Z|OIURWH6WHUQH]HUSODW]WHQ'DQQIROJWH HLQH 6HULH GLH KHXOHQG XQG SIHLIHQG GLFKW EHU GHQ .|S IHQ GHU .ULHJHU GDKLQUDXVFKWH 'DGXUFK HQWVWDQG HLQH XQJHKHXUH 9HUZLUUXQJ 'LH =XJWLHUH YHUKLHOWHQ VLFK ZLH (VHO GLH QLFKW DUEHLWHQ ZROOHQ VLH OHJWHQ VLFK IODFK DXI GHQ:HJXQGVWUHFNWHQDOOHDFKW%HLQHYRQVLFK'LH)X JlQJHU ZDUHQ XQWHU GLH :DJHQ JHNURFKHQ GLH %HZDIIQH WHQ DXI GHQ :DJHQ YHUVWHFNWHQ VLFK KLQWHU GHQ K|O]HUQHQ :lQGHQ'LH /DGXQJHQGHUGULWWHQ5DNHWHQVHULH ]HUSODW] WHQ LQ KDOEHU 0DQQHVK|KH (LQLJH %HZDIIQHWH ZXUGHQ GDEHL XPJHULVVHQ 'LH =XJWLHUH VSUDQJHQ DXI ULVVHQ VLFK ORVXQGYHUVFKZDQGHQLP:DOG 'HU 5\[ EUOOWH %HIHKOH GLH NHLQHU K|UWH 'DV 'XUFKHLQDQGHU KDWWH VHLQHQ +|KH SXQNWHUUHLFKW$OVNHLQH5DNHWHQPHKUHUVFKLHQHQJHODQJ HV GHQ $QIKUHUQ GHQ +HHUHV]XJ ZLHGHU ]X RUGQHQ 'LH )DKU]HXJHEOLHEHQ]XUFNHVZXUGHHLQ=XJYRQ)XJlQ
JHUQ]XVDPPHQJHVWHOOW9LHOHGHU$QJUHLIHUEOLHEHQOLHJHQ GD VLH VLFK 3UHOOXQJHQ XQG 9HUVWDXFKXQJHQ ]XJH]RJHQ KDWWHQ (V ZDUHQ QRFK DFKW]LJ 0DQQ GLH VLFK LQ 0DUVFK VHW]WHQ 'LH *HIlKUWLQQHQ ZDUHQ LQ]ZLVFKHQ EHUHLWV LQV 6FKOR ]XUFNJHNHKUW QXU %HND ZDUWHWH QRFK $OV GHU 5\[ ORV PDUVFKLHUWH EHWlWLJWH VLH HLQHQ 6FKDOWHU XQG HLOWH GXUFK GHQ*DQJ]XUFN=ZHLKXQGHUW0HWHUYRUGHU$E]ZHLJXQJ ]XP 6FKOR HQW]QGHWHQ VLFK 1HEHONHU]HQ 'HU 5\[ PLW VHLQHQ$QJUHLIHUQNRQQWHVLFKQXUQRFK6FKULWWIU6FKULWW GXUFKGHQGLFKWHQ 4XDOPYRUZlUWVWDVWHQXQGYHUORUGDEHL ZHLWHUH/HXWHGLHVLFKLP1HEHOYHUODXIHQKDWWHQ(LQLJHQ ZDU GLH 6DFKH ]X JHIlKUOLFK JHZRUGHQ VLH YHULUUWHQ VLFK DEVLFKWOLFKXQGVREOLHEHQQXUQRFKYLHU]LJ/HXWHGLHGHQ 5\[ XQG VHLQHQ *HKHLPVHNUHWlU ]XP 6FKOR EHJOHLWHWHQ 3O|W]OLFK HUW|QWH HLQ ODXWHV 6FKHSSHUQ (LQHP 7HLO GHU .ULHJHU ZDUHQ GLH 0HVVHU DXV GHU +DQG XQG GLH +HOPH YRP.RSIJHULVVHQZRUGHQGHQQ%HNDKDWWHGHQ(OHNWUR PDJQHWHQ HLQJHVFKDOWHW ,Q GHU 'XQNHOKHLW NRQQWHQ GLH 9HUOLHUHU LKUH %HZDIIQXQJ DXFK GDQQ QLFKW ZLHGHUILQGHQ DOV %HND GHQ 0DJQHWHQ DXVVFKDOWHWH 6LH EUDXFKWH 6WURP IU GLH QlFKVWH 0DQDKPH :LH VLH YRUDXVJHVHKHQ KDWWH EHZHJWHQVLFKGLH$QJUHLIHULPPHUODQJVDPHUMHQlKHUVLH GHP=LHONDPHQ$QGHUHQJVWHQ:HJVWHOOHZDUHLQ.XU] ZHOOHQIHOG DXIJHEDXW HLQ JOHLFKHV )HOG ZLH HV EHL %H VWUDKOXQJHQ ]XU LQQHUHQ (UZlUPXQJ GHU 0XVNHOQ EHQXW]W ZXUGH *HULHW DEHU HLQ 0HWDOOJHJHQVWDQG LQ HLQ VROFKHV )HOG GDQQ HUZlUPWH HU VLFK UDVFK ELV ]XU XQHUWUlJOLFKHQ *OXW 6FKUHLHQG ZDUIHQ GLH %HZDIIQHWHQ +HOP XQG %UXVWSDQ]HUZHJ9LHOHUDQQWHQYROOHU6FKUHFNHQGHQ:HJ ]XUFN XQG IOFKWHWHQ 'LH IUHLH )OlFKH YRU GHP 6FKOR EHWUDWHQQXUGHU5\[XQG]ZDQ]LJ.ULHJHU6LHVWDQGHQLQ
HLQHU5HLKHQHEHQHLQDQGHUXQGEOLFNWHQ]XP*HElXGHKLQ GDV GXQNHO XQG UXKLJ YRU LKQHQ LP GlPPHUQGHQ 0RUJHQ ODJ ,Q GLHVHP $XJHQEOLFN EOLW]WH HV HLQH 6HNXQGH ODQJ VHKU KHOO DXI 'LH .RVPRQDXWLQQHQ KDWWHQ GLH $QJUHLIHU PLW XOWUDYLROHWWHQ /LFKWVWUDKOHQ JHEOHQGHW (KH VLFK GLH *HEOHQGHWHQ EHVLQQHQ NRQQWHQ HUJULIIHQ *RUD XQG *DUD GHQ 6HNUHWlU XQG 5HWD XQG %HND GHQ 5\[ HQWZDIIQHWHQ GLHEHLGHQXQG]HUUWHQVLHLQV,QQHUH'LH7UVFKORVLFK 6XPD HQW]QGHWH HLQH 6HULH VWlUNVWHU 1HEHONHU]HQ LQ GHUHQ 'XQVW JHUDGH QRFK GLH )OXFKW GHU GUDXHQ YHUEOLH EHQHQ .ULHJHU ]X VHKHQ ZDU HKH XQGXUFKVLFKWLJH 6FKZD GHQGHQ3ODW]Y|OOLJEHGHFNWHQ .OHLQODXW XQG PLW VFKPHU]HQGHQ $XJHQ VDHQ GHU 5\[ XQGGHU6HNUHWlULP(PSIDQJVUDXP$OOH7UHQXQG )HQ VWHU ZDUHQ YHUVFKORVVHQ 'XUFK GLH 6SUHFKDQODJH ULHI 6XPD EHL YROO DXIJHGUHKWHP 9HUVWlUNHU PLW GRQQHUQGHU 6WLPPH'XELVWLQXQVHUHU*HZDOW*HVWHKHZDVGXKLHU ZROOWHVWå 'HU 5\[ VWDPPHOWH ,FK « LFK « ZLU KDEHQ XQV « YHULUUWXQGVLQGQXU«]XIlOOLJKLHUKHUJHNRPPHQå 6XPDGRQQHUWHZLHGHU 'X OJVW :LU ZLVVHQ DOOHV 'X ZROOWHVWXQVEHUIDOOHQ'DIUZLUVWGXEHQPVVHQå 'HU5\[ZDJWHNHLQH$QWZRUWPHKU %HNDIUDJWHIOVWHUQG:LHZLOOVWGXLKQEHVWUDIHQ"å 6XPD VWHOOWH GLH 6SUHFKDQODJH DE XQG VDJWH 'DV ZHL LFK QLFKW :LU PVVHQ LKQ JUQGOLFK HLQVFKFKWHUQ GDPLW HU LQ =XNXQIW NHLQH 5DXE]JH LQ GLHVHQ 7HLO GHV /DQGHV XQWHUQLPPWå 'DQQ VFKDOWHWH VLH ZLHGHU HLQ XQG JUROOWH +DW HV GLU GLH 6SUDFKH YHUVFKODJHQ XQZUGLJHU :XUP" 9RQGLUVROOQLFKWVEULJEOHLEHQå 'D VFKULH GHU JDU QLFKW PHKU JURHå 5\[ DXI *QDGH *QDGH ,FK YHUVSUHFKH HXFK QLH ZLHGHU LQ GLHVHV *HELHW
]X]LHKHQ*QDGHå 6XPDOLHQLFKWORFNHU6LHVDJWHHLVLJ 'DV JHQJW XQV QLFKWå :LHGHU MDPPHUWH GHU 5\[ $OOHV /DQG KLHU 6DZDWXUD 6RUDWXUD XQG 1XU[DQXU[D VROO HXFK JHK|UHQ$XIHZLJ0HLQ6HNUHWlUZLUGHVVFKUHLEHQXQG LFKZHUGHPHLQHQ'DXPHQGDUXQWHUVHW]HQ.HLQHUZLUGHV ZDJHQHLQHQVROFKHQ(UOD]XYHUOHW]HQå 1XQOHQNWH6XPDHLQ'DVOlWVLFKHKHUK|UHQ:HQQGX GD]X QRFK LQ DOOHQ GUHL 2UWHQ GHQ (UOD VHOEVW DXVUXIVW ZHQQ DXHU XQV DXFK DOOH GUHL 2UWH GLHVHV 6FKULIWVWFN EHNRPPHQ GDQQ ZHUGHQ ZLU GLFK XQJHVFKRUHQ YRQ KLHU IRUWJHKHQODVVHQå *HZLåZLPPHUWHGHU5\[VRVROOHVJHVFKHKHQå %HNDGHQ6WUDKOHUJULIIEHUHLWLQGHU+DQG JLQJPLW6X PDLQGHQ(PSIDQJVUDXP'RUWVDVFKRQGHU6HNUHWl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
WHQ HLQJHODGHQ GD]X GLH 3ULHVWHULQQHQ LKUHQ XQJOlXELJHQ )UHXQGXQGGHQ.RPSDNWXV'DVZDUHLQNOXJHU0DQQGHU LP*HVSUlFKPLW6XPDOHEKDIWHUOlXWHUWHGDGLH$EJDEHQ GHU (LQZRKQHU ]ZDU QRWZHQGLJ VHLHQ DEHU QLFKW ]X KRFK VHLQ GUIWHQ ZHQQ HV LP /DQGH YRUZlUWVJHKHQ VROOWH 'XUFK GHQ 5FN]XJ GHV 5\[ ZDU HU ]XP VHOEVWlQGLJHQ +HUUVFKHUEHUGLHVHQ7HLOGHV/DQGHVJHZRUGHQ$EHUHU VWLPPWH %HND ]X DOV GLHVH GDUDQ ]ZHLIHOWH GD GHU 5\[ XQGGLH9LROHWWHQGLH9HUWUlJHHLQKDOWHQZUGHQZHQQGLH .RVPRQDXWLQQHQ HLQHV 7DJHV GDV /DQG YHUODVVHQ VROOWHQ %HND JLQJ LQV 6FKOR XQG NDP PLW HLQHP PHUNZUGLJHQ *HJHQVWDQGZLHGHU6LHHUOlXWHUWHGHQ*lVWHQ'DVLVWHLQH $UPEUXVW+LHUREHQLVW)HGHUVWDKOYRQXQVGHQNHLQHULP /DQGH KHUVWHOOHQ NDQQ 0LW GLHVHU $UPEUXVW NDQQ PDQ %RO]HQ YHUVFKLHHQ XP :|OIH ]X HUOHJHQ RGHU GLH 7UXS SHQGHV5\[]XYHUWUHLEHQå 6LHVSDQQWHGLH$UPEUXVWXQG VFKRPLWHLQHP%RO]HQHLQH)UXFKWYRQHLQHPHQWIHUQWHQ %DXP 'DQQ HUNOlUWH VLH ZHLWHU ,FK KDEH HLQH JU|HUH $Q]DKOKHUJHVWHOOW-H]ZHLGDYRQ NRPPHQ QDFK 6RUDWXUD XQG 6DZDWXUD GHU 5HVW QDFK 1XU[DQXU[D ,FK ZHUGH GLH $UPEUXVWVFKW]HQVHOEVWXQWHUULFKWHQå 'LH 3ULHVWHULQQHQ GHU NOHLQHQ 2UWH QDQQWHQ VRIRUW GLH 1DPHQ GHU 0lQQHU GHQHQ VLH GLH :DIIH JHEHQ ZROOWHQ 'HU .RPSDNWXV ZDU EHJHLVWHUW XQG ULHI 1XQ IUFKWH LFK GHQ5\[QLFKWPHKUå 'DQQHUQDQQWHHUGHQ8QJOlXELJHQå ]XP.RPPDQGHXUVHLQHU$UPEUXVWVFKW]HQ ,QGHQIROJHQGHQ0RQDWHQPKWHVLFK%HNDXPGLH$XV ELOGXQJ 6LH IUHXWH VLFK VHKU DOV HLQHV 7DJHV GLH 0lQQHU YRQ 6DZDWXUD GHQ .RSI HLQHV :ROIHV DQEUDFKWHQ GHQ VLH PLWGHU$UPEUXVWHUOHJWKDWWHQ*RUDXQG*DUDYHUVHQNWHQ GLH 5DNHWH DP 6HHXIHU XQG VFKORVVHQ VLH GXUFK HLQHQ 7XQQHO DQ GLH XQWHULUGLVFKHQ *lQJH DQ 6XPD XQG 5HWD
VLFKHUWHQ GDV 6FKOR GXUFK HLQH DXIJHVFKZHLWH /DJH URVWIUHLHU6WDKOSODWWHQ %HNDXQG*DUDKDWWHQDQGHU3DVWUDHKLQWHU1XU[DQXU [D HLQLJH 3ODWWIRUPHQ DXV GHP )HOVHQ JHVSUHQJW 'RUW VROOWHQGLH6FKW]HQVWHKHQZHQQVLHLP1RWIDOOGLH6WUDH YHUWHLGLJHQ PXWHQ $OV GLH EHLGHQ .RVPRQDXWLQQHQ LQV 6FKOR ]XUFNNHKUWHQ ZDU YRQ GHQ DQGHUHQ QLFKWV ]X VHKHQ 6LH HLOWHQ LQV *HElXGH LQ GHQ $XIHQWKDOWVUDXP 'RUWEOLHEHQVLHHUVWDXQWPLWRIIHQHP0XQGHVWHKHQ$XV GHP/DXWVSUHFKHUYHUQDKPHQVLHGLH:RUWH«EHDEVLFK WLJHQKHXWHQDFKWDXIGHP6HH]XODQGHQ6RUJWGDIUGD GHU /DQGHSODW] IUHL LVW XQG JHEW 3HLO]HLFKHQ (QGH GHU 6HQGXQJå
-XEHOQGODJHQVLFKGLH0lGFKHQLQGHQ $UPHQ (QGOLFK NDP GLH 5HWWXQJVUDNHWH HQGOLFK NRQQWHQ VLH ZLHGHU ]X
LKUHQ*HIlKUWHQLQLKUH+HLPDW$EHU6XPDGlPSIWHLKUH )UHXGH XQG VDJWH -XEHOW HUVW ZHQQ GLH 5HFKHQVFKDIWVOH JXQJYRUGHP5DWEHHQGHWLVWå *DUDIUDJWHHUVWDXQW]XUFN$EHUZDUXPGHQQ"å 6XPDHQWJHJQHWH8QJHVWUDIWVSLHOWPDQQLFKWGLHKHLOL JH 5DNHWH $XFK ZHQQ LFK GHQ JU|WHQ 7HLO GHU 9HUDQW ZRUWXQJ WUDJH LKU PW HEHQIDOOV IU DOOHV ZDV JHVFKDK HLQVWHKHQå 'HUODQJHUVHKQWH $XJHQEOLFN ZDU JHNRPPHQ 2EHQ DXI GHP 6FKOR VWHKHQG EHREDFKWHWHQ GLH .RVPRQDXWLQQHQ ZLH GLH 5DNHWH ODQGHWH :DVVHUEDOODVW DXIQDKP XQG LQ VWDELOHU /DJH VHQNUHFKW DXI GHP 6HH VWDQG 0LW HLQHP JURHQ 6FKHLQZHUIHU OHLWHWH %HND GHQ *OHLWHU GHV 5DXP VFKLIIHV]XP6FKOR 1DFKGHUIUHXGLJHQ%HJUQXQJVDHQGDQQGLHGUHL0LW JOLHGHU GHV 5DWHV GHQ IQI .RVPRQDXWLQQHQ DP JOHLFKHQ 7LVFK JHJHQEHU DQ GHP GLH 9LROHWWHQ JHVHVVHQ KDWWHQ 6XPD HU]lKOWH YRQ GHU HUVWHQ 9HUHKUXQJ *DUD YRQ GHU 6HXFKH XQG 5HWD YRP JURHQ 5\[ 'DQDFK EHULFKWHWH %HNDYRQLKUHU$XVHLQDQGHUVHW]XQJPLWGHQ9LROHWWHQ 6FKZHLJHQG KDWWHQ GLH 5DWVPLWJOLHGHU GLH %HULFKWH DQ JHK|UW QXU DQ HLQ]HOQHQ 6WHOOHQ KDWWHQ VLH PLW GHP .RSI JHQLFNW RGHU VRJDU JHODFKW 1XQ HUJULII GLH EHNDQQWH $VWURQRPLQ 5HZD GDV :RUW XQG IDWH LKUH 0HLQXQJ LQ HLQHP6DW]]XVDPPHQ,KUNRQQWHWQLFKWDQGHUVKDQGHOQå 'HP VWLPPWH DXFK GHU /HLWHU GHU 5DXPIORWWH ]X (LQ *HVHW] NDQQ QLFKW DOOHV YRUDXVVHKHQ ,FK KlWWH DQ HXHUHU 6WHOOHJHQDXVRJHKDQGHOWå $OVOHW]WHUVSUDFKGHUDOWH-DU[GHU(QWGHFNHUXQG(UIRU VFKHU YLHOHU 3ODQHWHQ ª'XUFK HXHU 9HUKDOWHQ KDEW LKU %OXWYHUJLHHQ XQG .ULHJ YHUKWHW ,KU KDEW GHQ %HZRK QHUQ GHV $QWLTXDUHVå /HLG XQG 8QJOFN HUVSDUW 'DV
UHFKWIHUWLJW HXUH XQJHZ|KQOLFKH +DQGOXQJVZHLVH© 'DQQ RUGQHWH GHU $OWH DQ GLH 6WDWLRQ HPSIDQJVEHUHLW KHU]X ULFKWHQXQGHUOlXWHUWHGHQ0lGFKHQ(XHU6FKORLVWQXQ QLFKWPHKUQXUIU.RVPRQDXWHQLQ1RWGD(XHU+DQGHOQ YHUSIOLFKWHW GD]X GD ZLU XQV XP GLH :HLWHUHQWZLFNOXQJ GHV 3ODQHWHQ NPPHUQ GHQQ GLH (LQJULIIH LQ GDV /HEHQ GHV3ODQHWHQ ]X GHQHQ LKU JH]ZXQJHQ ZDUW HUIRUGHUQ HV GHQ %HZRKQHUQ DXFK ZHLWHUKLQ PLW JXWHP 5DW EHL]XVWH KHQå 6XPDYHUNQGHWHGLHVHQ%HVFKOXGHQ3ULHVWHULQQHQ XQGGHP.RPSDNWXV'LH$XVVLFKWGDVLHZLHGHUNHKUHQ ZHUGHXPVLFK]XEHU]HXJHQREGLHYRQLKUIHVWJHOHJWHQ *HVHW]HHLQJHKDOWHQ ZUGHQ ZXUGH GDQNEDU EHJUW XQG LQGHUIROJHQGHQ1DFKWYHUVFKZDQGGLH5DNHWHPLWHLQHP ODQJHQ)HXHUVFKZHLILP+LPPHO³ :LHGHU NODWVFKWHQ DOOH EHJHLVWHUW %HLIDOO ELV XQHUZDUWHW 6FKDULP EHU GHQ /DXWVSUHFKHU ULHI Ä)UHXQGH DXISDVVHQ XQGPLWK|UHQ³0DQYHUQDKP]XQlFKVWHLQ5DXVFKHQZLH HV EHLP )HUQHPSIDQJ DXIWULWW XQG SO|W]OLFK VSUDFK HLQH ZRKOEHNDQQWH 6WLPPH Ä(QGOLFK KDEH LFK HXFK JHIXQGHQ 6HLW7DJHQVDXVHLFKKLQWHUHXFKKHU³ Ä'HU'RNWRU.XJHOUXQG³VWDXQWH/LWDEHUVFKRQK|UWHQ VLH 6FKDU LP DQWZRUWHQ Ä:LH KDVW GX GHQQ GDV IHUWLJJH EUDFKW"³ Ä*DQ] HLQIDFK³ EHULFKWHWH IU|KOLFK GHU 'RNWRU ÄNDXP ZDUW LKU JHVWDUWHW DOV GLH 0HWHRULWHQZDUQXQJ NDP 'LH 9HUELQGXQJ ]X HXFK UL DE DEHU VFKRQ VD LFK LQ HLQHU 3RVWUDNHWH XQG VWDUWHWH LQ HLQH 5LFKWXQJ GLH ]ZLVFKHQ HXHUHP.XUVXQGGHU5LFKWXQJGHU0HWHRUHODJ ,FKKDEH ODQJHVXFKHQ PVVHQ (UVW KHXWH KDEH LFK JDQ] VFKZDFKH )XQNVLJQDOHYRQHXFKDXIIDQJHQN|QQHQ³ Ä'DXQVHUH6LJQDOH]XVFKZDFKZDUHQKDEHQZLUDXFK
EHIUFKWHW DEHU ZLU NRQQWHQ QLFKW PHKU OHLVWHQ³ JDE .DXULV]XÄ1XQZLUKDEHQHVWURW]GHPJHVFKDIIW³EHHQ GHWH GHU 'RNWRU GDV *HVSUlFK ÄLFK JHEH MHW]W PLW GHP VWDUNHQ 6HQGHU PHLQHU 5DNHWH XQVHUHQ 6WDQGRUW XQG GLH 5LFKWXQJ DQ GLH %DVLV DXI GHP 0DUV :HQQ LFK $QWZRUW EHNRPPHPWHLFKVFKRQEHLHXFKVHLQ'DQQZHUGHLFK VFKOHXQLJVWXPVWHLJHQEHUHLWHWLQ]ZLVFKHQDOOHVYRU³ $OV GHU 'RNWRU GDQQ WDWVlFKOLFK GXUFK GLH /XIWVFKOHXVH LQV 5DXPVFKLII NDP ZLQNWH HU GHQ .LQGHUQ QXU NXU] ]X XQG YHUVFKZDQG DXIIDOOHQG VFKQHOO LQ GHU 3LORWHQNDELQH %DOGMHGRFKHUVFKLHQHUIU|KOLFKZLHLPPHUXQGVFKHU]WH Ä,KUKDEW HXFKMD GLH =HLW UHFKW YHUQQIWLJ YHUWULHEHQ JXW VRDEHUQXQP|FKWHLFKDXFKPDOZDVPLWK|UHQ³ Ä6FKDGH³ HQWJHJQHWH .\U ÄJHUDGH VLQG ZLU PLW HLQHU *HVFKLFKWHIHUWLJXQGXQVIlOOWNHLQHQHXHPHKUHLQ³ Ä:LUNOLFK VFKDGH³ EHGDXHUWH GHU 'RNWRU ÄDEHU HLQLJH YRQ HXFK KDEHQ GRFK DXI GHP 0DUV DOOHUOHL HUOHEW ,P .UDQNHQKDXV KDEH LFK HXFK YHUERWHQ GDYRQ ]X HU]lKOHQ $EHUMHW]WVHLGLKUJHVXQGGDN|QQWLKUGHQDQGHUHQUXKLJ GDYRQEHULFKWHQ/DWIDQJDQ³ Ä*HUQ WXH LFK HV QLFKW³ EHJDQQ /DW ÄDEHU ZLU .RVPR QDXWHQKDEHQ'LV]LSOLQXQGHLQLJHVDQGHUHJHOHUQWGHVKDOE ZLOO LFK HXFK NXU] HU]lKOHQ ZDV GDPDOV JHVFKDK 6HLW PHLQHU .LQGKHLW HNHOH LFK PLFK YRU (LGHFKVHQ XQG 6FKODQJHQ 'DV ZDU ]ZDU 8QVLQQ DEHU LFK NDP QLFKW GDYRQORV'HVKDOEILHOHVPLUDXIDOVLFKGUHLJURH0DU VHLGHFKVHQ LP .LQGHUJDUWHQ GHU )QIMlKULJHQ YHUVFKZLQ GHQVDK,FKZXWHZLHELVVLJGLHVH7LHUHVLQG'LH.OHL QHQ ZDUHQ DOVR EHGURKW 'D UDQQWH LFK HLQIDFK KLQWHUKHU ,P5DXPZDUHQ]Z|OI.LQGHUXQGIQI]HKQ(LGHFKVHQ(V ZDU JHUDGH 0LWWDJVUXKH XQG NHLQH %HWUHXHULQ LP 5DXP 1RFK ZDUHQ GLH .LQGHU XQYHUVHKUW DEHU GLH (LGHFKVHQ
PDUVFKLHUWHQ DXI VLH ]X (UVW KDEH LFK HLQ SDDUPDO ODXW +LOIHå JHUXIHQGDQQJULIILFK]XKDEHGLHHUVWH(LGHFKVH JHSDFNWXQGDQGLH:DQGJHVFKPHWWHUW,Q]ZLVFKHQKDWWHQ PLFK ]ZHL DQGHUH JHELVVHQ 1XQ ZXUGH LFK ]RUQLJ VFKLPSIWHDXIGDV9LHK]HXJORVNPPHUWHPLFKQLFKWXP GLH %LVVH XQG HUOHGLJWH QDFK XQG QDFK DOOH $OV LFK HU ZDFKWHKDWWHPDQPLFKDXIHLQ%HWWJHOHJWXQGGLH/HLWH ULQVDJWH,FKGDQNHGLULQPHLQHP1DPHQXQGLP1DPHQ GHU ]Z|OI .LQGHUå :HLO LFK LQ GHQ OHW]WHQ 7DJHQ YLHO JH OHUQW KDEH YHUUDWH LFK HXFK DXFK ZDV VLH QRFK VDJWH $EHU ZLH ZLU GHQ .OHLQHQ GLH 6FKLPSIZRUWH ZLHGHU DE JHZ|KQHQ VROOHQ GLH GX JHEUDXFKW KDVW XQG GLH VLH MHW]W EHJHLVWHUWYHUZHQGHQGDVZHLLFKQRFKQLFKWå³ $OOH ODFKWHQ GHU 'RNWRU VR GD LKP GLH 7UlQHQ EHUV *HVLFKWNXOOHUWHQ(UULHISUXVWHQGÄ'DVZXWHLFKMDQRFK JDU QLFKW DEHU HV JHIlOOW PLU VHKU JXW /DW 1XQ N|QQHQ DXFK.UDXQG.ULEHULFKWHQ³ .UD ILQJ VRIRUW DQ Ä,FK HU]lKOH IU XQV EHLGH XQG HV ZLUG QRFK NU]HU :LU KDWWHQ HLQHQ JURHQ $XVIOXJ JH PDFKW XQG ZROOWHQ XQV LP (UKROXQJVKHLP *URH 6WLOOHå HLQ ZHQLJ DXVUXKHQ $OV ZLU KLQHLQJLQJHQ VDKHQ ZLU NHLQHQ 0HQVFKHQ :LU VXFKWHQ YLHOH ODJHQ VW|KQHQG LQ GHQ%HWWHQ(LQHUODJLP.RUULGRUGHQVFKOHSSWHQZLULQV QlFKVWH %HWW (U YHUODQJWH VW|KQHQG QDFK :DVVHU 'D EHJULIIHQ ZLU GD QDFK YLHOHQ -DKUHQ GDV 0DUVILHEHU DXVJHEURFKHQ ZDU EHL GHP PDQ GLH 0HQVFKHQ QXU UHWWHQ NDQQ ZHQQ VLH YLHO VHKU YLHO :DVVHU WULQNHQ 8QV ZDU NODU GD ZLU XQV EHUHLWV DQJHVWHFNW KDWWHQ .UL JLQJ ]XP )XQNUDXP XQG JDE $ODUP 'DQQ KDEHQ ZLU GUHL 6WXQGHQ ELVGLH+LOIVIDKU]HXJHNDPHQDOOHQLPPHUZLHGHU:DVVHU JHJHEHQ 6FKOLHOLFK KROWH XQV GHU 'RNWRU DE 'DV ZDU DOOHV³
Ä6WLPPW³ HUJlQ]WH GHU 'RNWRU ÄYLHUXQG]ZDQ]LJ 0HQ VFKHQGDQNHQHXFKLKU/HEHQ1XQZlUHQRFK.RUDQGHU 5HLKH³ Ä:HQQ HV VHLQ PX³ EHJDQQ GLHVHU Ä:LU ZDQGHUWHQ
DXFK DOV XQYHUKRIIW GHU 6WXUP ORVEUDFK 8QV ZHKWH HV NLORPHWHUZHLW LQ GLH )HOVZVWH KLQHLQ (QGOLFK NRQQWHQ ZLULP:LQGVFKDWWHQHLQHV)HOVHQV6FKXW]ILQGHQ'DNDP DXIHLQPDOHLQ-XQJHDQJHZHKWLFKELQKLQWHULKPKHUXQG KDEHLKQKLQWHUHLQHQ)HOVHQJHVFKOHSSWXQGVRKDEHQZLU DOOH VHFKV DXV GLHVHU *UXSSH HLQJHIDQJHQ $OV GHU 6WXUP QDFKOLH KDEHQ ZLU VLH HLQJHVDPPHOW XQG VLQG PLW +LOIH GHV .RPSDVVHV ZLHGHU DXV GHU :VWH KHUDXVPDUVFKLHUW (QGH³ Ä-DDD³ EHVFKOR GHU 'RNWRU GLH (U]lKOXQJ ÄLFK VHKH HXFKQRFKDXIMHGHU6FKXOWHUVDHLQHUXQGHLQHQ]RJWLKU DQ GHU +DQG PLW HXFK $OV LKU PLFK VDKW KDEW LKU GLH =lKQH ]XVDPPHQJHELVVHQ GDPLW LFK QLFKW PHUNHQ VROOWH ZHOFKH 6FKPHU]HQ HXFK HXHUH 9HUOHW]XQJHQ EHUHLWHWHQ $EHU 6FKOX MHW]W HV LVW =HLW ]XU 1DFKWUXKH LFK ELQ HXHU 'RNWRUGHUGDUDXIVWUHQJDFKWHQPX³ Ä6FKDGH³ EUXPPWH .UD YHUGURVVHQ Ä*HUDGH IlOOW PLU QRFK HLQH WROOH *HVFKLFKWH HLQ 'DUI LFK GLH QLFKW QRFK «"³ Ä.RPPW JDU QLFKW LQ )UDJH³ HQWVFKLHG GHU 'RNWRU Ä0RUJHQLVWDXFKQRFKHLQ7DJ³ 6RNDPGHQQ.UDHUVWDPQlFKVWHQ0RUJHQ]X:RUW(U PDFKWH HV VHKU VSDQQHQG XQG YHUNQGHWH Ä0HLQH *H VFKLFKWHKHLW 'LH(UEVHLP2KU
'HU 5DW KDWWH HLQPDO HLQH )RUVFKXQJVJUXSSH DXI GHQ YHUERWHQHQ 3ODQHWHQ 'XRGH]Lå JHVFKLFNW GLH GRUW HLQ HUEVHQJURHVVLOEHUQHVhEHUVHW]XQJVJHUlWIU%HVXFKHDXI IUHPGHQ 3ODQHWHQ HUSUREHQ VROOWH 0DQ KDWWH GLHVHQ 3OD QHWHQ DXVJHZlKOW ZHLO GRUW GLH (QWZLFNOXQJ QRFK ZHLW
]XUFNJHEOLHEHQZDU'LH6SUDFKHZDUQRFKVHKUHLQIDFK HV JDE NDXP WHFKQLVFKH %HJULIIH RGHU NRPSOL]LHUWH )UHPGZ|UWHU'LH)RUVFKHUPXWHQLPYHUERUJHQHQDUEHL WHQ 6LH EHODXVFKWHQ PLW GHP *HUlW LP 2KU KHLPOLFK GLH *HVSUlFKH GHU (LQZRKQHU 'HU $SSDUDW DUEHLWHWH PLW *HKLUQVWU|PHQ'RFKGLH9HUVXFKHEHZLHVHQGDHUQLFKW EUDXFKEDU ZDU (U HUIDWH QlPOLFK QXU GLH 7HLOH HLQHV *HVSUlFKHV DQ GLH JDQ] VWDUN JHGDFKW ZRUGHQ ZDU 8QG DXHUGHPJLQJJOHLFK]X%HJLQQHLQHUGHU$SSDUDWHYHUOR UHQ :HLO DEHU IRUWZlKUHQG :HUWH DQV .RQWUROO]HQWUXP NDPHQ XQG GRUW DXIJH]HLFKQHW ZXUGHQ PXWH LKQ GRFK MHPDQG JHEUDXFKHQ 'HVZHJHQ ZXUGH QLFKW QDFK GHP *HUlW JHVXFKW (UVW EHL GHU $XVZHUWXQJ GHU 7RQElQGHU HQWGHFNWHPDQZHUGLHVHQ$SSDUDWEHQXW]WKDWWH .UDEKDWWHLKQJHIXQGHQ.UDEHLQMXQJHU%XUVFKH ZDU DXI :DQGHUVFKDIW 6HLQ 9DWHU HLQ NOHLQHU %DXHU EUDFKWH QXUPLW0KHGLHKRKHQ$EJDEHQDXI .UDEV lOWHUHU %UX GHU VROOWH HLQPDO GHQ %DXHUQKRI PLW GHQ YLHOHQ $EJDEHQ EHUQHKPHQ.UDEEHQHLGHWHLKQQLFKW1XQ]RJ.UDEYRQ 2UW ]X 2UW XP HLQH $UEHLW ]X ILQGHQ 2EZRKO HU QLFKW GXPPZDUXQGJXWDUEHLWHQNRQQWHEOLHEHUGRFKQLUJHQGV ODQJH hEHUDOO GDV JOHLFKH /LHG $EJDEHQ XQG 6WHXHUQ 6WHXHUQXQG$EJDEHQ.UDEIUHXWHVLFKEHUVHLQHQ)XQG HU JODXEWH HLQH .XJHO UHLQHQ 6LOEHUV JHIXQGHQ ]X KDEHQ GLHHUYHUNDXIHQN|QQWH $OV HU VLFK HLQHU NOHLQHQ 6WDGW QlKHUWH VDK HU YRU GHP 6WDGWWRU ]ZHL EHZDIIQHWH 2UGQXQJVKWHU VWHKHQ GLH PLW LKUHQODQJHQ6lEHOQVHKUJHIlKUOLFKDXVVDKHQ0LWVROFKHQ /HXWHQ KDWWH .UDE VFKOHFKWH (UIDKUXQJHQ JHPDFKW GHV KDOEYHUEDUJHUVHLQH6LOEHUNXJHOLPOLQNHQ2KU3O|W]OLFK K|UWHHU'HU.HUOLVWYHUGlFKWLJZHQQHUXQV]XIUHXQG OLFKJUWQHKPHQZLULKQPLWå XQG'HU%XUVFKHJHIlOOW
PLUQLFKWZHQQHUQLFKWJUWPXHUPLWå :HLO LKQ GLH EHLGHQ 6lEHOPlQQHU VFKDUI DQVDKHQ NRQQWH VLFK .UDE GHQNHQ GD HU LKUH *HGDQNHQ YHUQDKP (U JUWH EHLP 9RUEHLJHKHQ PHFKDQLVFK XQG JOHLFKJOWLJ 6LH OLHHQ LKQ XQEHKHOOLJW .UDE EHUOHJWH XQG IDQG VFKQHOO GHQ =XVDP PHQKDQJ ]ZLVFKHQ GHQ HUUDWHQHQ *HGDQNHQå XQG GHU .XJHOLP2KUKHUDXV$OOHUGLQJVJODXEWHHUDQ=DXEHUHL $XI GHP 0DUNWSODW] VWDQGHQ YLHOH /HXWH XQG MXEHOWHQ GHP/DQGHVIUVWHQ)ULGROLQ;;]XGHUVLFKDQGLH:DQG GHV 5DWKDXVHV JHOHKQW KDWWH XQG ]XVDK ZLH EHL GHU VHQ JHQGHQ+LW]HGHU6FKPLHGGHV2UWHVGDV]HUEURFKHQH5DG VHLQHU6WDDWVNXWVFKHUHSDULHUWH .UDEODFKWHOHLVHYRUVLFKKLQGHQQGLHPHLVWHQ-XEHOQ GHQ GDFKWHQ :HQQ HU QXU EDOG IRUW ZlUH (U YHUODQJW VFKRQ JHQXJ 6WHXHUQ XQG QXQ PVVHQ ZLU KLHU MXEHOQ REZRKOZLUQRFKYLHO$UEHLWKDEHQ .UDEZROOWHDXFKZLVVHQZDVGHUKRKH+HUUå GHQNW(U VFKREVLFKDOVRDQGLH$EVSHUUXQJKHUDQXQGEOLFNWHVFKDUI DXI GHQ )UVWHQ 'D YHUQDKP HU VFKRQ GHVVHQ *HGDQNHQ :DV VROO EOR ZHUGHQ" %LVKHU KDW QRFK NHLQHU JHPHUNW GD LFK EHLP $XVVWHLJHQ DXV GHU VFKLHI KlQJHQGHQ .XW VFKH DQ GHU :DJHQWU KlQJHQJHEOLHEHQ ELQ XQG QXQ PLW QDFNWHP+LQWHUQDQGHU5DWKDXVZDQGOHKQH$EHUGDVGDUI NHLQHUHUIDKUHQ2KPLULVWVFKRQJDQ]VFKOHFKWYRU+LW]H QXUGDV+LQWHUWHLOLVWNDOW:DVVROOLFKEORWXQ" .UDE KlWWH VLFK DP OLHEVWHQ YRU /DFKHQ DXVJHVFKWWHW DEHUHUKWHWHVLFKXQGGDFKWHQXU'HU]ZDQ]LJVWH)ULGR OLQ LVW DQVFKHLQHQG NHLQH *HLVWHVOHXFKWH (U N|QQWH GRFK HLQIDFK « +DOW LFK N|QQWH « .UDE VFKRE VLFK DQ HLQHQ GHU .DPPHUGLHQHU KHUDQ GLH GHU 0HQJH GHQ =XWULWW ]XP )UVWHQ YHUZHKUWHQ XQG ULHI PLW ODXWHU 6WLPPH 6HKW LKU GHQQ QLFKW GD XQVHU HUODXFKWHU /DQGHVIUVW NUDQN LVW"
'DLKQGHU6FKWWHOIURVWEHIDOOHQKDW"+ROWVFKQHOOVHLQHQ 0DQWHOå 'LH.DPPHUGLHQHUVFKDXWHQHQWVHW]W]XLKUHP+HUUQGHU JULII GHQ *HGDQNHQ DXI XQG EHIDKO -DZRKO VR LVW HV %ULQJWGHQ0DQWHOXQGGLHVHQDXIPHUNVDPHQ%XUVFKHQ]X PLUå 'LH EHLGHQ 'LHQHU KDWWHQ YLHO 0KH LKUHP +HUUQ GHU NUDPSIKDIW DQ GHU 0DXHU OHKQWH GHQ 0DQWHO XP]XOHJHQ 'RFK DOV GHU /DQGHVKHUU VHLQH .HKUVHLWH ZLHGHU EHGHFNW IKOWH ZXUGH HU VLFKHUHU LQ VHLQHQ %HIHKOHQ XQG RUGQHWH DQ'HU%XUVFKHIlKUWPLWLQGLH+DXSWVWDGW0RUJHQZLOO LFKLKQVSUHFKHQå *HUDGHZDUGLH5HSDUDWXUEHHQGHW GHU )UVW HLOWH VFKZLW]HQG XQWHU VHLQHP ZDUPHQ 0DQWHO ]XP :DJHQOLHVLFKKLQHLQKHEHQXQGJDE%HIHKO]XU$EIDKUW 6RIRUWWUDEWHQGLH3IHUGHORV.UDEZXUGHYRQGHQEHLGHQ 'LHQHUQ DXI HLQH 6WXIH DQ GHU +LQWHUZDQG GHU .XWVFKH JH]RJHQHUNODPPHUWHVLFKIHVWXQGQXQ JLQJHVKROWHUGL SROWHU ]XU +DXSWVWDGW 1DWUOLFK ZDU GDV PLW GHU +DXSW VWDGW EHUWULHEHQ 'DV )UVWHQWXP GHV )ULGROLQ XPIDWH GUHLNOHLQH6WlGWHLQHLQHUVWDQGVHLQ6FKORXQGGDVZDU HEHQ GLH +DXSWVWDGW $XHUGHP JHK|UWHQ QRFK ]ZDQ]LJ '|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
GDLFKPHLQHQ0DQWHOEHQ|WLJWHå .UDE ZLHGHUKROWH GLH HLQJHOHUQWH WLHIH 9HUEHXJXQJ XQG VSUDFK$OOHUHUODXFKWHVWHU)UVWLFKVHKHHVDQGHQ$XJHQ HLQHV 0HQVFKHQ ZHQQ LKQ GLH .UDQNKHLW XQG GLH .lOWH EHIlOOWå :LHGHU EHUOHJWH GHU )ULGROLQ $OVR ZHL HU QLFKWV GHQ 4XDWVFK PLW GHQ $XJHQ ELOGHW HU VLFK QXU HLQ ,PPHUKLQ VFKHLQWHUJHPHUNW]XKDEHQGDLFK+LOIHEUDXFKH(ULVW QLFKW GXPP )ULGROLQ RUGQHWH DQ 'LHVHU %XUVFKH ZLUG .DPPHUGLHQHUå .UDE PXWH QXQ GHP )UVWHQ GLH +RVHQEHLQH KDOWHQ ZHQQHUVHLQH6WDDWVKRVHDQ]RJXQGHLQH5HLKHlKQOLFKHU 'LHQVWHHUIOOHQ*OHLFK]HLWLJHUIXKUHUGXUFKVHLQH(UEVHå VR PDQFKHV *HKHLPQLV (U ZDUWHWH MHGRFK GHQ ULFKWLJHQ =HLWSXQNWDEXPGDUDXV1XW]HQ]X]LHKHQ(LQLJH:RFKHQ VSlWHU NDP HLQH SDVVHQGH *HOHJHQKHLW 'HU )UVW EHVWLHJ VHLQ %HWW XQG .UDE PXWH GLH GUHL NXSIHUQHQ :lUPIOD VFKHQ KHUDXVUlXPHQ 'DEHL IUDJWH LKQ )ULGROLQ 'X NRPPVW YLHO LP 6FKOR KHUXP XQG K|UVW YLHO :HOFKHQ PHLQHU0LQLVWHUKlOWVWGXIUGHQEHVWHQ"å 'DEHLGDFKWHHU ,FK ZHL VHOEVW QLFKW ZHU GDV LVW $XHUGHP PX HLQHU PHLQHU YLHU 0LQLVWHU PHLQHP 1DFKEDUQ GHP .|QLJ YRQ .DSX]LHQYHUUDWHQZDVZLUKLHUEHVFKOLHHQ .UDEDQWZRUWHWHYRUVLFKWLJ,FKNHQQHGLH+HUUHQ0LQL VWHU ZHQLJ ,FK ZHL QXU ZDV EHU VLH JHVSURFKHQ ZLUG 0DQ VDJW MHGHU 0LQLVWHU KDEH ]ZHL ZLFKWLJH (LJHQVFKDI WHQ *HQHUDO 'HE LVW WUHX DEHU GXPP *UDI 'RE UHGHW NOXJDEHUHUEHWUJW*UDI'DELVWLPPHUIUHXQGOLFKDEHU HUOJW%DURQ'XELVWVHKUNOXJDEHUHUYHUUlWå +D (U YHUUlW VDJVW GX" :LHVR"å IUDJWH )ULGROLQ XQG VFKREVLFKGLH%HWWGHFNHYRP.LQQ %HGDFKWVDP EHULFKWHWH .UDE -HGHQ 6RQQDEHQG VFKLFNW
HUHLQHQ%RWHQPLWHLQHP%ULHIDQGHQ.|QLJYRQ.DSX]L HQ VR ZXUGH ZHQLJVWHQV HU]lKOW 'HU %RWH YHUOlW XP 0LWWHUQDFKWGLH6WDGWGXUFKGLHNOHLQH3IRUWHLQGHU0DXHU ]XGHUHUHLQHQ6FKOVVHOKDWå )ULGROLQ ULFKWHWH VLFK VR KHIWLJ LP %HWW DXI GD GLH 1DFKWPW]H YHUUXWVFKWH XQG VFKULH 'D PX PDQ ZDV WXQ:DVDEHUVROOPDQWXQ"å .UDE YHUEHXJWH VLFK XQG IOVWHUWH JHKHLPQLVYROO 0RUJHQ LVW 6RQQWDJ DOVR JHKW KHXWH GHU %RWH ZLHGHU :HQQ*HQHUDO'HEGLH3IRUWHEHZDFKWNDQQHUGHQ%RWHQ IDQJHQXQGZLUN|QQHQGHQ%ULHIOHVHQå )UVW )ULGROLQ QLFNWH KXOGYROO XQG HUWHLOWH VRIRUW GHP *HQHUDOGLHQ|WLJHQ%HIHKOH *HQHUDO 'HE KDWWH VHLQH JDQ]H $UPHH HLQJHVHW]W $OOH ]Z|OI6ROGDWHQVWDQGHQDQGHU3IRUWHXQGILQJHQDXFKGHQ %RWHQDE'HEZDUVRJOFNOLFKGHQ%ULHILQGHU+DQG]X KDEHQGDHUGHQ%RWHQNDXPEHDFKWHWHVRGDGLHVHUPLW HLQHPNKQHQ6SUXQJHQWNRPPHQNRQQWH $P QlFKVWHQ 7DJ OLH )UVW )ULGROLQ VHLQH 0LQLVWHU ]X VDPPHQUXIHQ %DURQ 'XE HUVFKLHQ QLFKW HU ZDU LP 0RU JHQJUDXHQ HLOLJ QDFK .DSX]LHQ JHULWWHQ 'LH 0LQLVWHU ZROOWHQ ZLVVHQ ZLH PDQ GHP 9HUUlWHU DXI GLH 6SXU JH NRPPHQ ZDU .UDE VROOWH EHULFKWHQ (U WDW HV DXI VHLQH :HLVHXQGVSUDFKKRFKWUDEHQG8QVHUDOOHUZHLVHVWHU)UVW ZXWHGDXQVHUH3OlQHDQ.DSX]LHQYHUUDWHQZHUGHQ(V JDEQXUHLQHQXQNRQWUROOLHUWHQ:HJGDVZDUGLH3IRUWHLQ GHU 6WDGWPDXHU 2EZRKO GLH 3IRUWH YHUVFKORVVHQ ZDU EHVFKORVHLQHIUVWOLFKH:HLVKHLWVLHEHZDFKHQ]XODVVHQ *HQHUDO 'HE HUREHUWH GDGXUFK GLHVHQ %ULHI GHQ %DURQ 'XEJHVFKULHEHQKDW(ULVWDOVRGHU9HUUlWHUå
'HP)ULGROLQJHILHOGLHVH$UWGHU %HULFKWHUVWDWWXQJYRU DOOHP ZHLO LKQ GLH GUHL 0LQLVWHU DQVWDXQWHQ XQG EHZXQ GHUWHQ 'HVKDOE HUKRE VLFK GHU ]ZDQ]LJVWH )ULGROLQ YRQ VHLQHP 7KURQ XQG YHUNQGHWH ,FK HUQHQQH +HUUQ .UDE ]XP*HKHLPVHNUHWlUXQG JHEHLKPGHQ7LWHOHLQHU ([]HO OHQ]å 'LH 0LQLVWHU XQG .UDE YHUEHXJWHQ VLFK WLHI .UDE VDJWH GLH'DQNHVIRUPHOXQGGDPLWZDUGLH%HUDWXQJEHHQGHW .UDE KLHOW QXQ QLFKW PHKU GLH +RVHQEHLQH (U QDKP DQ DOOHQ %HUDWXQJHQ GHU 0LQLVWHU WHLO 6HLQH VLOEHUQH (UEVH GLH HU VWHWV LP 2KU WUXJ YHUULHW LKP GLH *HGDQNHQ GHU DQGHUHQ VR GD HU LPPHU ZLHGHU PLW NOXJHQ :RUWHQ DXI %HUDWXQJVSXQNWH KLQZHLVHQ NRQQWH GLH QRFK XQNODU ZD UHQ$OV*UDI'REHLQH (UK|KXQJ GHU =|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lW GHV /DQGHV XQG ZROOWH GHP )UVWHQHLQHQ3ODQYRUWUDJHQ)ULGROLQZDUJHUDGH]XU-DJG JHULWWHQ GHVKDOE HPSILQJ .UDE GHQ :LVVHQVFKDIWOHU 'HU 3URIHVVRUZROOWHHLQHQJURHQ6WDXVHHDQOHJHQGDV:DVVHU GHVHLQ]LJHQ )OFKHQVGDVYRP6GHQQDFK1RUGHQ GDV /DQG GXUFKIOR VROOWH DQJHVWDXW ZHUGHQ 'DGXUFK N|QQWH GHU *UXQGZDVVHUVSLHJHO K|KHU VWHLJHQ XQG GLH 7URFNHQ
KHLW ZUGH EHUZXQGHQ .UDE VFKWWHOWH GHQ .RSI XQG EHGDXHUWH -D LFK ZHL QLFKW UHFKW EHGHQNHQ 6LH )UVW )ULGROLQLQWHUHVVLHUWVLFKQLFKWIUGLH6RUJHQGHU%DXHUQå 'HU3URIHVVRU]XFNWHPLWGHQ6FKXOWHUQXQGPHLQWH'DV KDEH LFK EHIUFKWHW $EHU PDQ PX GRFK GHQ %DXHUQ KHOIHQå .UDE OHJWH LKP GLH +DQG DXI GLH 6FKXOWHU XQG IOVWHUWH 9|OOLJ ULFKWLJ :HQQ 6LH VFKODX XQG YHUVFKZLHJHQ VLQG ILQGHQZLUHLQHQ:HJå 'HU3URIHVVRUYHUVSUDFKHV .UDEYHUGDQNWHVHLQHU(UEVHå HLQHZLFKWLJH(UNHQQWQLV 'HU)UVWZQVFKWHVLFKVHKQOLFKGDHUHLQPDOLQHLQHP %RRWEHUHLQHQ6HHJHUXGHUWZUGH(UWUlXPWHRIWGDYRQ ZHQQ HU YRQ .UDE UHVSHNWYROO JHZHFNW ZXUGH .UDE IRU GHUWH GHVKDOE GHQ 3URIHVVRU DXI PLW LKP LP 3DUN VSD]LH UHQ]XJHKHQ $OV VLH PLWWHQ DXI HLQHU JURHQ 5DVHQIOlFKH VWDQGHQ VDJWH .UDE +LHU NDQQ XQV QLHPDQG EHODXVFKHQ 6SUHFKHQ 6LH ]XP )UVWHQ NHLQ :RUW YRP *UXQGZDVVHU VSLHJHOXQGYRQGHU1RWGHU%DXHUQ(U]lKOHQ6LHLKPGD XQVHU/DQGHLQHQJURHQ6HHEUDXFKWDXIGHPPDQ%RRWV IDKUWHQ YHUDQVWDOWHQ NDQQ GHQQ GDV LVW HLQ KHLPOLFKHU :XQVFK GHV )UVWHQ =HLJHQ 6LH GDQQ ,KUH 3OlQH ZLH JHEDXW ZHUGHQ VROO XQG VHLHQ 6LH VLFKHU HV ZLUG DOOHV NODSSHQå 'HU 3URIHVVRU EHGDQNWH VLFK IU GHQ 5DWVFKODJ XQG EH DFKWHWH LKQ )UVW )ULGROLQ EHVFKOR GHQ %DX GHV 6WDX GDPPHV VRIRUW ,P JDQ]HQ /DQG VSUDFK PDQ GDUEHU 6R ZLHGLH%DXHUQ HUNDQQWHQGDLKQHQ GDV JHVWDXWH :DVVHU 1XW]HQ EULQJHQ NRQQWH VWHOOWH DEHU DXFK GHU .|QLJ YRQ .DSX]LHQ IHVW GD GDGXUFK GHU )ULGROLQ PHKU $EJDEHQ HUKDOWHQ ZUGH 'HU .|QLJ ZROOWH YHUKLQGHUQ GD VHLQ 1DFKEDUUHLFKHUZUGHXQGVFKLFNWHHLQH JURH *HVDQGW
VFKDIW LQV 6FKOR GHV ]ZDQ]LJVWHQ )ULGROLQ XP PLW LKP HLQHQ 6WDDWVYHUWUDJ DE]XVFKOLHHQ ,P 9HUWUDJ VROOWH EHU JHPHLQVDPH 3RVWNXWVFKHQOLQLHQ XQG EHU GHQ 6FKXW] GHU 6WUDHQXQG:HJHHWZDVYHUHLQEDUWZHUGHQ $EHUHUHQWKLHOW DXFK GHQ 3DUDJUDSKHQ GHU JDQ] QH EHQEHLIHVWOHJWHGDDQGHQ:HJHQXQGGHQ:DVVHUOlXIHQ LP/DQGHQLFKWVJHlQGHUWZHUGHQGXUIWH.HLQHUGHU0LQL VWHU HUNDQQWH GLH *HIlKUOLFKNHLW GLHVHV 3XQNWHV XQG )UL GROLQ VHOEVW KDWWH VRZLHVR QXU GLH +lOIWH EHJULIIHQ :lK UHQG GHU 9HUOHVXQJ GHV 9HUWUDJHV GDFKWH GHU /HLWHU GHU *HVDQGWVFKDIW +RIIHQWOLFK PHUNHQ VLH QLFKW ZDV ZLU PLW GHP HUUHLFKHQ ZROOHQ .UDE YHUQDKP GLHVH *HGDQ NHQNRQQWHDEHU]XQlFKVWQLFKWV*HIlKUOLFKHVLQGHU )RU PXOLHUXQJ ILQGHQ 7URW]GHP IRUGHUWH HU QDFK GHU 9HUOH VXQJ%LWWHGHQQRFKHLQPDOYRUOHVHQå 6RIRUW HUVFKUDN GHU /HLWHU GHU *HVDQGWVFKDIW XQG EHU OHJWH +DW HU JHPHUNW GD VLH GDQQ LKUHQ 6WDXVHH QLFKW EDXHQGUIHQ" -HW]W ZXWH .UDE %HVFKHLG XQG VDJWH KRKHLWVYROO 'HQ 3XQNW EHU GLH :DVVHUOlXIH N|QQHQ ZLU OHLGHU QLFKW DQ QHKPHQ GHQQ ZLU ZROOHQ JHUDGH DQ HLQHP :DVVHUODXI HWZDVYHUlQGHUQå 'LH9HUKDQGOXQJHQGDXHUWHQ QRFK HLQL JH 7DJH DEHU GHU 6DW] YRQ GHQ :DVVHUOlXIHQ ZXUGH YRU GHU 8QWHU]HLFKQXQJ JHVWULFKHQ )ULGROLQ XQG VHLQH 0LQL VWHU EHVWDXQWHQ .UDEV 3ILIILJNHLW EHLP $EVFKOX YRQ 9HUWUlJHQ (VGDXHUWHQXUHLQKDOEHV-DKUELVGLHIURQHQGHQ%DXHUQ GHQ 'DPP DXIJHVFKWWHW KDWWHQ XQG QRFK HLQ ZHLWHUHV 9LHUWHOMDKU ELV VLFK GHU 6HH JHIOOW KDWWH 'LH %DXHUQ IUHXWHQ VLFK GD LKUH %UXQQHQ DXFK LQ GHQ WURFNHQHQ 0RQDWHQ JHQXJ :DVVHU JDEHQ 3URIHVVRU 1D HUKLHOW GHQ 2UGHQ GHV ZlULJHQ $GOHUV XQG )ULGROLQ JHUXKWH VHLQH
HUVWH %RRWVIDKUW ]X XQWHUQHKPHQ 6HFKV 'LHQHU UXGHUWHQ ODQJVDPHLQJURHV%RRWEHUGHQ6HHXQWHUHLQHURUDQJH URWHQ 3ODQH VD GHU )UVW XQG QHEHQ LKP HLQHU VHLQHU 0LQLVWHU 6WQGOLFK OHJWH GDV %RRW DP 8IHU DQ )ULGROLQ VSHLVWH RGHU WUDQN HWZDV XQG DQVFKOLHHQG OLH HU VLFK VRIRUW ZLHGHU UXGHUQ $OV HU YRQ GHU )DKUW PLW *UDI 'RE ]XUFNNDPZXUGHJHUDGHGLHGULWWH0DQQVFKDIWYRQ5XGH UHUQ HLQJHVHW]W =XU QlFKVWHQ )DKUW ZXUGH .UDE HLQJHOD GHQ =XQlFKVW VDJWH GHU )UVW HLQLJH EHODQJORVH 6lW]H 'DQQ OREWH .UDE GLH 6FK|QKHLW GHU %RRWVIDKUW 'DQDFK VFKZLHJHQEHLGH
)ULGROLQJHQRGLH)DKUWXQGEHUOHJWHGDEHL*UDI'RE KDW UHFKW 'LHVHU .UDE LVW IU XQVHU /DQG ]X NOXJ 9LHO OHLFKW ZLOO HU HLQHV 7DJHV )UVW ZHUGHQ RGHU HU KLOIW GHP
.|QLJYRQ.DSX]LHQ,FKPXVHKHQ ZLHLFKLKQORVZHU GH ,FKPXLKPHLQH )DOOHVWHOOHQ ,FK JHZlKUH LKP HLQH %LWWH9HUODQJWHUQLFKWVKDWHUPLFKEHOHLGLJW:QVFKWHU VLFKHWZDVGDQQLVWHUXQYHUVFKlPW'DPLWKDEHLFKHLQHQ *UXQG LKQ LQ GDV DOWH NOHLQH -DJGVFKOR LP 6GRVWHQ ]X YHUEDQQHQ 9LHOOHLFKW LVW HV VRJDU EHVVHU LKQ GRUW LQV 7XUPYHUOLHV]XVSHUUHQ .UDEHUVFKUDN6RKDWWHHUVLFKVHLQH=XNXQIWQLFKWYRU JHVWHOOW(UPXWHUDVFKHLQHQ$XVZHJILQGHQGHQQJOHLFK QDFK GHU /DQGXQJ ZUGH )ULGROLQ LKQ DQVSUHFKHQ 6FKRQ ZDUHVVRZHLW)ULGROLQHUNOlUWHDOVDOOH'LHQHUXQG0LQL VWHU XP LKQ YHUVDPPHOW ZDUHQ KXOGYROO 0HLQ OLHEHU .UDE GX VROOWHVW DXFK HLQPDO HLQHQ :XQVFK lXHUQ GHQ LFKGLUHUIOOHQNDQQå .UDE KDWWH VHLQH $QWZRUW VFKRQ EHUHLW (UODXFKWLJVWHU )UVWå HUZLGHUWH HU XQG OLH GDEHL GLH 6WLPPH ZLH HLQ .UDQNHU ]LWWHUQ ,FK ELWWH XP ]ZHL 'LQJH (QWODW PLFK DXV GHP 'LHQVW GHQQ PHLQH *HVXQGKHLW LVW VHKU VFKOHFKW JHZRUGHQPHLQ+HU]VFKOlJWNDXPQRFKXQGPHLQ.RSI VFKPHU]W LPPHU]X :HQQ (XHUH IUVWOLFKHQ *QDGHQ PLU GDQQ QRFK GDV NOHLQH -DJGVFKOR LP 6GRVWHQ VFKHQNHQ N|QQWHQ GD LFK PLFK GRUW YRQ GHQ $QVWUHQJXQJHQ GHV 6WDDWVGLHQVWHVHUKROHQNDQQ ZlUHLFKEHUJOFNOLFKå 'DV ZDUJHVFKLFNWJHVDJW )ULGROLQ GDFKWH :HQQ HU NUDQN LVW ZLUG LKQ GHU .|QLJ YRQ .DSX]LHQ QLFKW KDEHQ ZROOHQ :HQQ HU LP 6GRVWHQ VLW]W KDW HU NHLQHQ (LQIOX LQ GHU +DXSWVWDGW $XHUGHP EUDXFKHLFKLKQQLFKWGRUWKLQ]XYHUEDQQHQ*UDI'REZLUG ]XIULHGHQ VHLQ /DXW YHUNQGHWH HU 'HLQH %LWWHQ VLQG GLU JHZlKUW 'X ZLUVW DXHUGHP MlKUOLFK VLHEHQXQGVLHE]LJ *ROGVWFNH DOV /RKQ IU GHLQH 9HUGLHQVWH XP GDV :RKO GHV /DQGHV EHNRPPHQå 'LH 0LQLVWHU IUHXWHQ VLFK EHU
GLHVH $QRUGQXQJ HV KDWWH VLH VHKU JHVW|UW GD .UDE ([ ]HOOHQ] JHZRUGHQ ZDU REZRKO HU NHLQ *UDI ZDU 6RJDU 'RE EHJUXE VHLQH )HLQGVFKDIW QXQ NRQQWH LKQ .UDE QLH PHKUVW|UHQ .UDE IKUWH DXI VHLQHP 6FKOR HLQ EHTXHPHV /HEHQ HU YHUHGHOWH 2EVWElXPH XQG ]FKWHWH QHXH *HWUHLGHVRUWHQ GLH HU GHQ %DXHUQ KHLPOLFK ]XNRPPHQ OLH 9RQ VHLQHQ *ROGVWFNHQOHEWHHUPLWHLQHU'LHQHUVFKDUDOVXQDEKlQJL JHU+HUU(UZDUIURKQLFKWPHKU*HKHLPVHNUHWlU]XVHLQ GHQQVHLQHVLOEHUQH .XJHOKDWWHLKP HLQHQ OHW]WHQ *HGDQ NHQJDQJ EHUPLWWHOW /LHEHU )UHXQG PLW +LOIH GHU VLOEHU QHQ .XJHO ELVW GX UHLFK JHZRUGHQ 'RFK VWHFNH VLH QLFKW PHKULQV2KUVLHKLOIWQLFKWPHKUXQVHU9HUVXFKLVWEHHQ GHW :LUI GLH .XJHO ZHJ .UDE WDW HV JLQJ LQV 6FKOR ]XUFN XQG EHJDQQ VLFK ZLHGHU VHOEVW *HGDQNHQ ]X PD FKHQ³
'LH.LQGHUNODWVFKWHQZLHGHU%HLIDOO$EHUGDQQKDWWHQVLH (LQZlQGH Ä2E .UDE GDPLW ]XIULHGHQ ZDU NHLQH ULFKWLJH $UEHLW]XKDEHQ"³ZROOWH0RWZLVVHQ Ä,FK GHQNH QLFKW³ DQWZRUWHWH .UD ÄDEHU HV VFKLHQ LKP EHVVHU ]X VHLQ DOV LPPHU QXU IU GLH $EJDEHQ DQ GHQ )UVWHQ ]X DUEHLWHQ $OV ([]HOOHQ] GXUIWH HU VHOEVW QLFKW DUEHLWHQGDV%lXPHYHUHGHOQZDUJHUDGHQRFKDOVVWDQGHV JHPlHUODXEW³.ULVFKWWHOWHGHQ.RSIXQGPHLQWHÄ'DV ZDUDEHUHLQYHUUFNWHU3ODQHW:HUNDQQGHQQRKQHULFK WLJH $UEHLW OHEHQ"³ $EHU MHW]W PHOGHWH VLFK 0RW XQG ULHI JDQ] HQHUJLVFK Ä1XQ PX DXFK XQVHU 'RNWRU HLQH *H VFKLFKWHHU]lKOHQ³ 'RNWRU .XJHOUXQG ODFKWH XQG VDJWH Ä'D ELQ LFK VFK|Q KHUHLQJHIDOOHQ,FKKDWWHJHKRIIWGDLFKQLFKWPHKUGUDQ NRPPH GHQQ DOOH *HVFKLFKWHQ GLH LFK NHQQH KDEH LFK
HXFKVFKRQLP.UDQNHQKDXVHU]lKOW(VJLEWQXUQRFKHLQH HLQ]LJH*HVFKLFKWHGRFKGLHHU]lKOHLFKQLFKWJHUQ³ Ä(U]lKOHQ(U]lKOHQ³ULHIHQGLH.LQGHULP&KRU Ä*XW³ VDJWH GHU 'RNWRU ÄPRUJHQ HU]lKOH LFK 'LH *H VFKLFKWHKHLW 'HU]XVDPPHQJHVHW]WH3LORW
'DV ZDU GDPDOV ]ZDQ]LJ -DKUH LVW HV KHU $XI HLQHP GHU -XSLWHUPRQGH ZXUGH GLH 6WDWLRQ =XNXQIWå QHX DXIJHEDXW 'LH GUHLLJ /HXWH GHU $XIEDXJUXSSH PXWHQ UHJHOPlLJ /HEHQVPLWWHO :DVVHU XQG 6DXHUVWRII HUKDOWHQ GHQQ GLH 9HUVRUJXQJVHLQULFKWXQJHQ ZDUHQ HUVW LP $QIDQJVVWDGLXP GHV %DXHV 1XQ KDWWH DEHU HLQPDO GLH SODQPlLJH /LHIHU UDNHWH HLQHQ .XU]VFKOX LQ GHU 6WHXHUDQODJH JHKDEW XQG ZDU XQNRQWUROOLHUW LQ GHQ :HOWUDXP DEJHWULHEHQ ZRUGHQ $OOH YHUIJEDUHQ 5DXPIDKU]HXJH DOOH HUIDKUHQHQ 3LORWHQ ZXUGHQHLQJHVHW]WXPVLH]X VXFKHQ XP VLH HLQ]XIDQJHQ XQG DQV =LHO ]X EULQJHQ 'RFK VR ODQJH NRQQWH PDQ DXI GHU 6WDWLRQ =XNXQIWå QLFKW ZDUWHQ 'LH 9RUUlWH DQ /XIW XQG:DVVHUJLQJHQ]X(QGH'HVKDOE ZXUGH HLQH PLWWOHUH /DVWUDNHWHPLWGHQZLFKWLJVWHQ9HUVRUJXQJVJWHUQEHODGHQ XQGPLWGUHL0DQQ%HVDW]XQJDXIGLH5HLVHJHVFKLFNW'LH EHLGHQ 3LORWHQ XQG GHU MXQJH $U]W GLH DQ %RUG JLQJHQ IKUWHQ GDPLW LKUHQ HUVWHQ VHOEVWlQGLJHQ )OXJ GXUFK (L JHQWOLFKKlWWHQVLHHLQHQVROFKHQ$XIWUDJHUVWQDFKZHLWH UHQ VLHEHQ )OJHQ HUKDOWHQ GUIHQ 'RFK GD DOOH DQGHUHQ 3LORWHQ DQ GHU JURHQ 6XFKDNWLRQ EHWHLOLJW ZDUHQ KDWWH VLFK GHU .RPPDQGDQW HQWVFKOLHHQ PVVHQ GLH MXQJHQ /HXWH YRUIULVWLJ PLW GLHVHU YHUDQWZRUWXQJVYROOHQ $XIJDEH ]XEHWUDXHQ
6LH EHJDQQHQ GHQ )OXJ SODQPlLJ NRQWUROOLHUWHQ LKUHQ .XUVKlXILJHUDOVHVGLH9RUVFKULIWYHUODQJWHXQG IUHXWHQ VLFK GD DOOHV NODSSWH 'DV 8QJOFN JHVFKDK HUVW DOV VLH QXUQRFKHLQHQ7DJELV]XP=LHO]XIOLHJHQKDWWHQ:LHLKU HV DXFK HUOHEW KDEW NRPPHQ 0HWHRUH RIW JDQ] EHUUD VFKHQG RKQH GD PDQ VLH YRUKHU EHPHUNHQ NDQQ %HL GLHVHU /DVWUDNHWH ZDU HV QXU HLQ HLQ]LJHU IDXVWJURHU
0HWHRU GHU SO|W]OLFK GLH 5DNHWH YRQ GHU 6HLWH WUDI (U VFKRTXHUGXUFKGHQ6WHXHUUDXPXQG]HUIHW]WHDOOHVZDV LKPLQGHQ:HJNDP6SOLWWHUYRQ5RKUHQ6WW]HQ0H JHUlWHQ XQG 6FKDOWVFKUlQNHQ EHUVFKWWHWHQ ZLH HLQ +D JHOVFKDXHU GLH 6WHXHUNDELQH XQG GLH 3OlW]H GHU 3LORWHQ *OFNOLFKHUZHLVH ZDUHQ GLH 1RWDXWRPDWHQ QLFKW EHVFKl GLJWZRUGHQ(KHGHU'UXFNLQGHU.DELQHPHUNOLFKDEIDO OHQNRQQWHZDUHQGLHEHLGHQ/|FKHULQGHQ$XHQZlQGHQ ZLHGHU JHVFKORVVHQ XQG ZXUGHQ GDQDFK VLFKHU YHU VFKZHLW RKQH GD VLFK MHPDQG GDUXP NPPHUQ PXWH (EHQVR ZXUGHQ GLH ]HUVW|UWHQ 5RKUOHLWXQJHQ GXUFK QHXH HUVHW]W'LH]HUVW|UWHQ6FKDOWVFKUlQNHEOLHEHQIXQNWLRQVXQ IlKLJ XQG GLH 3LORWHQ NRQQWHQ PLW GHU +DQGVWHXHUXQJ WURW]GHP GLH 5DNHWH QRFK VLFKHU VWHXHUQ $EHU ZDUHQ VLH GD]XLQGHU/DJH" 2EZRKO GHU 5DXPDQ]XJ GDV 6FKOLPPVWH YHUKWHW KDWWH ZDUHQ LKUH +HOPH YHUERJHQ XQG HLQJHGUFNW ZRUGHQ KDWWHQ EHLGH 3LORWHQ VFKZHUH 9HUOHW]XQJHQ HUOLWWHQ 'HU HUVWH 3LORW NRQQWH QLFKWV PHKU VHKHQ VHLQH %HLQH KDWWHQ PHKUHUH %UFKH +LOIORV ODJ HU LQ VHLQHP 6LW] (EHQVR VFKOLPPKDWWHHVGHQ]ZHLWHQ3LORWHQ]XJHULFKWHW$XFKHU NRQQWH QLFKWV PHKU VHKHQ VHLQH $UPH KLQJHQ KLOIORV KHUDE1XUGHU$U]WVFKLHQJOLPSIOLFKGDYRQJHNRPPHQ]X VHLQ(UKDWWHLP$XJHQEOLFNGHU.DWDVWURSKH]XIlOOLJPLW GHP 5FNHQ ]X GHQ 3LORWHQVLW]HQ XQG GHQ EHUVWHQGHQ 5RKUHQ JHVWDQGHQ (U YHUEDQG DOVR HUVW HLQPDO VRUJVDP GLH.RSIYHUOHW]XQJHQGHU3LORWHQVFKLHQWHGHPHUVWHQGLH %HLQH XQG OHJWH VLH KRFK 'HP ]ZHLWHQ 3LORWHQ YHUVRUJWH HUGLHEOXWHQGHQ$UPHXQGEDQGGLHVHDQGHQ$UPOHKQHQ GHV 3LORWHQVLW]HV IHVW $OV GLHVH $UEHLW JHWDQ ZDU VWHOOWH VLFKGHU$U]W]ZLVFKHQGLHEHLGHQ3LORWHQVLW]HEOLFNWHDXI GLH QRFK HUKDOWHQH *HUlWHWDIHO XQG EHUOHJWH ZLH HU GDV
5DXPVFKLIIVWHXHUQN|QQWH0LWHLQHP0DOHEHJDQQHVLQ VHLQHP 5FNHQ ]X VWHFKHQ ]X ERKUHQ XQG ]X EUHQQHQ (LQH 6FKPHU]ZHOOH QDKP LKP GHQ $WHP 0KVDP NODP PHUWH HU VLFK DQ GHQ /HKQHQ GHU EHLGHQ 3LORWHQVLW]H IHVW GDQQ VSUWH HU GD HU VLFK QLFKW PHKU EHZHJHQ NRQQWH 7URW] DOOHU $QVWUHQJXQJHQ GHQ 6FKPHU] ]X EHUZLQGHQ NRQQWHHUNHLQHQ6FKULWWWXQ(UVW|KQWHWLHIDXI :DVLVWORV"å IUDJWHGHUHUVWH3LORW 'HU'RNWRU]ZDQJVLFKPLWUXKLJHU6WLPPH$XVNXQIW]X JHEHQ ,FK NDQQ QLFKW PHKU ODXIHQ $EHU LFK VHKH QRFK DOOH,QVWUXPHQWHVLHIXQNWLRQLHUHQHLQZDQGIUHL'LH)XQN DQODJH LVW ]HUVW|UW :LU N|QQHQ QXU QRFK GHQ 3HLOVHQGHU EHWlWLJHQXQGZDUWHQELVPDQXQVILQGHWå 8QP|JOLFKå HQWJHJQHWH GHU ]ZHLWH 3LORW PLW ]XVDP PHQJHELVVHQHQ =lKQHQ ZHQQ ZLU QLFKW SQNWOLFK XQVHU =LHO HUUHLFKHQ PX GLH 6WDWLRQ JHUlXPW ZHUGHQ XQG DOOH ELVKHU JHOHLVWHWH $UEHLW LVW QXW]ORV JHZHVHQ :LU N|QQWHQ GRFKGLH5DNHWHPLWGHU+DQGVWHXHUXQJOHQNHQå ,FK ZHL QLFKWå DQWZRUWHWH GHU $U]W LFK VHOEVW NDQQ PLFK QLFKW EHZHJHQ DEHU LFK NDQQ GLH ,QVWUXPHQWH LP %OLFN EHKDOWHQ ,FK N|QQWH HXFK DQVDJHQ ZDV GLH =HLJHU GHU*HUlWHGLH%LOGVFKLUPHXQGGLH.RQWUROODPSHQDQ]HL JHQå 'DVLVWJXWåHUZLGHUWHGHU]ZHLWH3LORWLFKNDQQPHLQH %HLQH EHZHJHQ HLQHQ 7HLO GHU 6WHXHUPDQ|YHU N|QQWH LFK DXVIKUHQå 0HLQH $UPH VLQG LQ 2UGQXQJå HUJlQ]WH GHU HUVWH 3LORW GLHVHQ 7HLO GHU 6WHXHUXQJ EHUQHKPH LFK 8QVHUH6LW]HVLQGSDUDOOHO JHVFKDOWHW :HQQ ZLU GXUFKKDO WHQN|QQHQZLUXQVHUHQ$XIWUDJ]X(QGHIKUHQå (VLVWXQVHUH3IOLFKWåVFKORGHU$U]WGDV*HVSUlFKDE DXIXQVYHUODVVHQ VLFK XQVHUH .DPHUDGHQ DXI GHU 6WDWLRQ =XNXQIWå:LUGUIHQVLHQLFKWLP6WLFKODVVHQ,FKEHJLQ
QHPLWGHU$QVDJHå 'HU 'RNWRU VDJWH QXQ GLH :HUWH DQ GLH EHLGHQ 3LORWHQ EHUOHJWHQ YHUVWlQGLJWHQ VLFK GDQQ EHU GLH 5HLKHQIROJH GHU6WHXHUPDQ|YHU'HUHLQHVFKDOWHWHPLWGHQ$UPHQGHU DQGHUH EHWlWLJWH PLW GHQ )HQ GLH 6WHXHUSHGDOH GLH 5D NHWH EHJDQQ DXI GHQ ULFKWLJHQ .XUV HLQ]XVFKZHQNHQ ,PPHU ZLHGHU ODV GHU 'RNWRU :HUWH YRU LPPHU ZLHGHU ZXUGHGLH5LFKWXQJGHU5DNHWHNRUULJLHUWELVQDFKVLHEHQ 6WXQGHQHQGOLFKHLQVWDELOHU.XUV]XP=LHOHUUHLFKWZXUGH 'HUHUVWH3LORWOLHGLH$UPHVLQNHQXQGULHI,FKELQDP (QGHLFKNDQQQLFKWPHKUå 9HUVXFKHGRFKHLQZHQLJ]X VFKODIHQåDQWZRUWHWHLKPGHU]ZHLWH3LORWLFKKDOWHQRFK GXUFK XQG NRQWUROOLHUH PLW GHP 'RNWRU XQVHUHQ )OXJ :HQQ GX ZLHGHU .UlIWH JHVDPPHOW KDVW UXKH LFK PLFK DXVå 'HU$U]WOHKQWHVLFKPLWVHLQHPYROOHQ*HZLFKWDXIGLH 6HVVHOOHKQHQZHLOGDGXUFKGHU6FKPHU]LQVHLQHP5FNHQ HWZDV QDFKOLH 2EZRKO HU HEHQIDOOV YROONRPPHQ HU VFK|SIW ZDU OLH HU VLFK QLFKWV DQPHUNHQ XQG VDJWH QXU NXU] (LQ JXWHU 9RUVFKODJ (U ZLUG XQV KHOIHQ ELV ]XP =LHOGXUFK]XKDOWHQå 'HUHUVWH3LORWVFKOLHIVFKQHOOHLQ'HU'RNWRUEHREDFK WHWHGLH*HUlWHIOVWHUWHGLHNOHLQHQ9HUlQGHUXQJHQDQGHQ =HLJHUVWHOOXQJHQ GHU 0HJHUlWH GHP ]ZHLWHQ 3LORWHQ ]X GHULKP HEHQVR OHLVH EHVWlWLJWH GD DOOHV LQ 2UGQXQJ VHL 9RQ =HLW ]X =HLW PXWH GHU $U]W JHJHQ HLQH EHVRQGHUV VWDUNH 6FKPHU]ZHOOH DQNlPSIHQ (U EHPKWH VLFK LPPHU ZLHGHU QLFKWV YRQ VHLQHQ 6FKZLHULJNHLWHQ PHUNHQ ]X ODVVHQ $EHU GHU ]ZHLWH 3LORW K|UWH GRFK ZLH GHU 'RNWRU PLW GHQ =lKQHQ NQLUVFKWH /HLVH IUDJWH HU :ROOHQ ZLU QLFKWGRFKGHQ1RWUXIVHQGHUHLQVFKDOWHQ" ,FK IUFKWHZLU VFKDIIHQHVQLFKWå
:LUIOLHJHQZHLWHUå ULHIGHU'RNWRU,FKZLOOGXUFKKDO WHQZHLOHVVHLQPXXQGGHVKDOEZHUGHLFKGXUFKKDOWHQå 'LH 3LORWHQ O|VWHQ VLFK DOOH 6WXQGHQ DE OlQJHU VFKOLHI NHLQHUYRQEHLGHQ,PPHUQlKHUNDPHQVLHGHP-XSLWHUPLW VHLQHP JHZDOWLJHQ 6FKZHUHIHOG -HW]W PXWH GHU -XSLWHU PRQG PLW GHU 6WDWLRQ RKQH +LOIH HLQHU )XQNVWDWLRQ DQJH VWHXHUW ZHUGHQ 0KVDP PLW KHLVHUHU 6WLPPH EHVFKULHE GHU$U]WGLH.XUYHQDXIGHQ%LOGVFKLUPHQGLHRIWJHIlKU OLFKH=DFNHQHLQHUSO|W]OLFKHQ$EZHLFKXQJ]HLJWHQ6FKRQ JODXEWHQ VLH DQ LKUHU $XIJDEH GRFK QRFK VFKHLWHUQ ]X PVVHQ GD HUVFKLHQ GDV 6HFKVHFN GHV 5DNHWHQODQGHSODW ]HVGHU6WDWLRQDXIGHP]HQWUDOHQ%LOGVFKLUP 'DV JDE ZLHGHU QHXH .UDIW 9RUVFKULIWVPlLJ VHW]WH GLH 5DNHWH DXI 'HU ]ZHLWH 3LORW EHWlWLJWH GLH gIIQXQJVDXWR PDWLNGHU$XVVWLHJVNODSSH'DQQZDUWHWHQGLHGUHL0lQQHU JDQ]HUVFK|SIWDXIGLH/HXWHGHU6WDWLRQ $XI GHU 6WDWLRQ ZDU PDQ YRP (UVFKHLQHQ GHU 5DNHWH Y|OOLJ EHUUDVFKW ZRUGHQ GHQQ NHLQ )XQNVLJQDO KDWWH VLH DQJHNQGLJW $OOH 9HUVXFKH HLQH )XQNYHUELQGXQJ DXI]X QHKPHQ VFKOXJHQ IHKO $OV GLH 5DNHWH QLHGHUJHJDQJHQ ZDU XQG VLFK GLH $XHQWU JH|IIQHW KDWWH RKQH GD MH PDQG YRQ GHU %HVDW]XQJ LP 5DXPDQ]XJ GRUW VWDQG XQG LKQHQ±ZLHHVEOLFKZDU±]XZLQNWHZDUHQGLH:DUWHQ GHQ HUVWDXQW 'RFK GHU /HLWHU GHU 6WDWLRQ KDWWH VFKQHOO EHJULIIHQ ZDV JHVFKHKHQ ZDU (U OLH VRIRUW HLQH /XIW VFKOHXVH DQ GHU $XHQWU GHU 5DNHWH DQEULQJHQ GHQQ HU YHUPXWHWHGDGLH5DXPDQ]JHGHU%HVDW]XQJEHVFKlGLJW ZDUHQ,Q]ZLVFKHQZDUGHU6WDWLRQVDU]WPLWVHLQHQ+HOIHUQ ]XU6WHOOH(LOLJVWLHJHQVLHGLH6WXIHQLQGHU/XIWVFKOHXVH ]XU /XNH GHU 5DNHWH KLQDXI 7U XP 7U |IIQHWHQ VLH LQ GHQ *lQJHQ ELV VLH HQGOLFK GHQ 6WHXHUUDXP HUUHLFKW KDW WHQ'RUWHUEOLFNWHQVLH]XHUVWGHQ$U]WGHU]ZLVFKHQGHQ
3LORWHQVLW]HQ VWDQG (UVFKURFNHQ VDKHQ VLH VHLQHQ ]HUIHW] WHQ 5DXPDQ]XJ XQG GLH JURHQ 6SOLWWHU GLH LKP DXV GHP 5FNHQ UDJWHQ 'HU 6WDWLRQVDU]W NRQQWH VLFK QLFKW HQW VFKOLHHQ GLHVHQ 9HUOHW]WHQ DQ]XIDVVHQ (U OLH ]XQlFKVW GLHEHLGHQ 3LORWHQ KLQDXVWUDJHQ 'DQQ HLOWH HU ]XP /HLWHU GHU6WDWLRQGHULQGHU/XIWVFKOHXVHZDUWHWH'LHVHURUGQHWH DQ GD GHU 6WDWLRQVDU]W GLH 3LORWHQ XQYHU]JOLFK LQ GLH .UDQNHQVWDWLRQ EULQJHQ XQG PLW GHQ QRWZHQGLJHQ 2SHUD WLRQHQ EHJLQQHQ VROOWH 'DQDFK ULHI GHU /HLWHU GLH VHFKV VWlUNVWHQ0lQQHUKHUEHLXQGJLQJPLWLKQHQLQGHQ6WHXHU UDXP 6LH PXWHQ GHQ 'RNWRU YRQ DOOHQ 6HLWHQ XPIDVVHQ GDQQ O|VWH GHU 6WDWLRQVOHLWHU GLH YHUNUDPSIWHQ )LQJHU GHV 6FKZHUYHUOHW]WHQ YRUVLFKWLJ XQG HLQ ELFKHQ ]lUWOLFK YRQ GHQ 6HVVHOOHKQHQ :LH HLQ 6WDQGELOG DXIUHFKW VWHKHQG ZXUGH GHU 9HUOHW]WH ODQJVDP 6FKULWW IU 6FKULWW DXV GHU 5DNHWH KHUDXVJHWUDJHQ 2KQH DE]XVHW]HQ WUXJHQ LKQ GLH +HOIHU]XU.UDQNHQVWDWLRQ ,Q]ZLVFKHQ ZXUGH GLH 5DNHWH VFKRQ HQWODGHQ 'LH GUHL WDSIHUHQ0lQQHUKDWWHQQLFKW JHZXWZLH QRWZHQGLJ LKUH +HOGHQWDWJHZHVHQZDU,QGHU6WDWLRQ=XNXQIWå KDWWHPDQ VLFK DXI GLH DQJHNQGLJWH $QNXQIW GHU 5DNHWH YHUODVVHQ XQGZHLWHUJHDUEHLWHWREZRKODOOH9RUUlWHHUVFK|SIWZDUHQ 6HLW ]ZHL 7DJHQ ZDUHQ NDXP QRFK /HEHQVPLWWHO YRUKDQ GHQ'HU6DXHUVWRIIKlWWHQRFK HLQHQKDOEHQ 7DJ JHUHLFKW GDQQ ZlUHQ DOOH HUVWLFNW 'HU ]XVDPPHQJHVHW]WH 3LORWå KDWWH VLH JHUHWWHW 0XW XQG $XVGDXHU GHU GUHL 0lQQHU IDQGHQGDPLWGLHVFK|QVWH%HORKQXQJ³ $P (QGH GHU *HVFKLFKWH ZDUHQ GLH .LQGHU VHKU QDFK GHQNOLFK$OOHVFKZLHJHQ1DFKHLQHUODQJHQ3DXVHIUDJWH .UD Ä:XUGHQ GLH 0lQQHU ZLHGHU JHVXQG" .RQQWHQ VLH ZLHGHUVHKHQ"³
Ä*HZL³DQWZRUWHWHGHU'RNWRU ÄGDYRQ N|QQW LKU HXFK VHOEVWEHU]HXJHQGLHEHLGHQ3LORWHQKLHHQ6FKDULPXQG .DXULV³ 9HUGXW]WVFKDXWHQGLH.LQGHUGLHEHLGHQ3LORWHQDQ$EHU /DW ZDU PLW GHU $QWZRUW QLFKW ]XIULHGHQ 6LH ZROOWH ZLV
VHQ ZLH HV GHP $U]W HUJDQJHQ ZDU ,KU DQWZRUWHWH 6FKD ULPÄ6HLQH:XQGHQKHLOWHQDEHUGUHL6SOLWWHUVWHFNWHQVR LQ GHU :LUEHOVlXOH GD NHLQ $U]W HV ZDJHQ ZROOWH VLH KHUDXV]XRSHULHUHQ 0LW HLQHU 6RQGHUUDNHWH XQG HLQHP XPVWlQGOLFKHQ /DQGHYHUIDKUHQ ZXUGH GHU 'RNWRU DXI GHQ 0DUV JHEUDFKW (U GXUIWH QLH ZLHGHU PLW HLQHU 5DNHWH IOLHJHQ GD PDQ EHIUFKWHQ PXWH GLH 6SOLWWHU ZUGHQ GXUFK GHQ 'UXFN GHU 7ULHEZHUNH ZHLWHU LQ GHQ .|USHU HLQGULQJHQ XQG LKQ W|WHQ $EHU LKU NHQQW LKQ DXFK XQVHU PXWLJHU*HIlKUWHZDUGHU'RNWRU.XJHOUXQG³ 0LW RIIHQHP 0XQG VWDUUWH 0RW HQWVHW]W GHQ 'RNWRU DQ XQG VFKULH Ä$EHU GD N|QQHQ 6LH GRFK JDU QLFKW PHKU ODQGHQ:DVVROOGHQQQXQZHUGHQ"³%HLGHQOHW]WHQ:RU WHQVWDQGHQLKPGLH7UlQHQLQGHQ $XJHQXQG DXFK HLQL JHQDQGHUHQJLQJHVVR Ä1XQ KHXOW PDO QLFKW³ UMHI GHU 'RNWRU ÄLFK PX HXFK HLQ *HKHLPQLV YHUUDWHQ DEHU LFK ELWWH HXFK HV QLHPDQG DQGHUHP]XHU]lKOHQ³ 0RWVSUDQJDXIXQGVDJWHHUQVWKDIWÄ%HVWLPPW'DVYHU VSUHFKHQZLUDOOH³ Ä*XW³DQWZRUWHWHGHU'RNWRUÄ$OVLFKVWDUWHWHKDWWHLFK HV VHKU HLOLJ XQG JDE JOHLFK YROOHQ 6FKXE XP VFKQHOO +|KH]XJHZLQQHQ«³ Ä$XHUGHP KDWWHVW GX HLQ VFKOHFKWHV *HZLVVHQ XQG ZROOWHVWYHUKLQGHUQGDGHU.RPPDQGDQWGHV5DNHWHQKD IHQVGLU6WDUWYHUERWJDE³XQWHUEUDFKLKQ6FKDULP Ä1HLQ³ZHKUWHGHU'RNWRUDEÄGDUDQKDEHLFKQLFKWJH GDFKW$XFKPHLQH:LUEHOVlXOHZDUPLUQLFKWLQGHQ6LQQ JHNRPPHQELVLFKSO|W]OLFKGLH%HVFKHUXQJVSUWH'XUFK GHQ VWDUNHQ 6FKXE KDWWH HV QlPOLFK DOOH GUHL 6SOLWWHU DXV GHU :LUEHOVlXOH KHUDXVJH]RJHQ RKQH GD VFKlGOLFKH )ROJHQHQWVWDQGHQ'HU5DXPDQ]XJKDW(LQULFKWXQJHQPLW
GHQHQ PDQ NOHLQH :XQGHQ DEGHFNHQ NDQQ HV ZDU QLFKW ZHLWHU VFKOLPP GLH 9HUOHW]XQJHQ KHLOWHQ VFKQHOO ]X 8Q DQJHQHKP ZDU HV GD LFK PLFK LP 5DXPDQ]XJ QLFKW NUDW]HQ NRQQWH GHQQ GLH KHLOHQGHQ 6WHOOHQ MXFNWHQ VHKU 'DV6FKOLPPVWHDEHUZDUHQGLHGUHL6SOLWWHU'LHUXWVFKWHQ LP 5DXPDQ]XJ LPPHU WLHIHU XQG SLNWHQ PLU LQ GHQ 5N NHQ GDQQ ZDQGHUWHQ VLH QRFK ZHLWHU DEZlUWV (LQHQ 7DJ EHYRU LFK HXFK IDQG ZDUHQ VLH LP +RVHQERGHQ JHODQGHW ,FKNRQQWHQLFKWPHKUVLW]HQ'HVKDOEKDWWHLFKHVVRHLOLJ DOV LFK ]X HXFK KHUHLQNDP LFK PXWH PLW 6FKDULPV +LOIH HUVW GLH 6SOLWWHU DXV GHP 5DXPDQ]XJ KHUDXVKROHQ ,KU N|QQW XQEHVRUJW ZHLWHUODFKHQ ,FK ELQ JHVXQG XQG ZLOO ZLHGHUPLW5DNHWHQIOLHJHQ(VLVWDOVRQLFKWPHKU VLFKHU REZLUXQVQlFKVWHV-DKUDXIGHP0DUVWUHIIHQN|QQHQ³ Ä'DVZlUHDEHUVHKUVFKDGH³ULHI0DWÄLFKP|FKWHHXFK DOOHQGDQQGRFKEHZHLVHQGDLFKQLFKWEORGLHGXPPHQ 0DUVlSIHOHVVHQNDQQ³ Ä+DOEVRVFKOLPP³WU|VWHWHLKQGHU'RNWRUÄZLUWUHIIHQ XQVZRDQGHUV,FKZHUGHHXFKVFKRQUHFKW]HLWLJHLQODGHQ³ ,QGLHVHP$XJHQEOLFNEOLQNWHGLHURWH/DPSHGHU)XQN NRQWUROOH DXI 6FKDULP HLOWH ]XP 1RWVHQGHU XQG PHOGHWH VLFK 'DQQ K|UWHQ DOOH HLQH WLHIH 6WLPPH Ä+DOOR .LQGHU +DOOR'RNWRU:LUKDEHQHXFKEHUHLWVLP6LFKWEHUHLFK,Q ZHQLJHQ 6WXQGHQ VLQG ZLU EHL HXFK %HUHLWHW VFKRQ GDV .RSSOXQJVPDQ|YHUYRU(VJHKWQDFK+DXVH³ %HJHLVWHUWMXEHOWHQGLH.OHLQHQ$EHUDOVGDQQ0DWVDJWH Ä(LJHQWOLFK LVW HV VFKDGH GD ZLU QLFKW ZHLWHU HU]lKOHQ N|QQHQ³ GD EOLQ]HOWHQ VLFK GLH *URHQ IUHXGLJ ]X $XFK VLHKDWWHQLKUH$XIJDEHHUIOOW