'DVQHXH$EHQWHXHU
0LFKDLO6FKRORFKRZ 6WXUPEHUGHU6WHSSH 9HUODJ1HXHV/HEHQ%HUOLQ 9E\'XPPH3XWH
7LWHO...
120 downloads
883 Views
581KB Size
Report
This content was uploaded by our users and we assume good faith they have the permission to share this book. If you own the copyright to this book and it is wrongfully on our website, we offer a simple DMCA procedure to remove your content from our site. Start by pressing the button below!
Report copyright / DMCA form
'DVQHXH$EHQWHXHU
0LFKDLO6FKRORFKRZ 6WXUPEHUGHU6WHSSH 9HUODJ1HXHV/HEHQ%HUOLQ 9E\'XPPH3XWH
7LWHOGHVUXVVLVFKHQ2ULJLQDOVImlv^hjh`_gvdZ ,QV'HXWVFKHEHUWUDJHQYRQ+LOGH$QJDURZD )UGLHVH$XVJDEHOHLFKWJHNU]W 0LW,OOXVWUDWLRQHQYRQ5HLQHU6FKZDOPH ,6%1 )UGLHhEHUVHW]XQJ 9HUODJ.XOWXUXQG)RUWVFKULWW%HUOLQ )UGLH,OOXVWUDWLRQHQ 9HUODJ1HXHV/HEHQ%HUOLQ /L]HQ]1U /69 8PVFKODJ5HLQHU6FKZDOPH 7\SRJUDILH:DOWHU/HLSROG 6FKULIWS7LPHOHVV *HVDPWKHUVWHOOXQJ 'UXFNHUHL1HXHV'HXWVFKODQG%HUOLQ %HVWHOO1U
9RQ ZHLW KHU ]LHKW GXUFK GLH 6WHSSH DP 'RQ GLH DOWH +HWPDQVWUDH ]XP 0HHU OLQNHU +DQG EHJOHLWHW YRQ )ODFKODQG XQG 6FKZHPPZLHVHQ ZLH YRQ IDKOJUQHP 1HEHOGXUFK GHQKLHXQGGD HLQ6HHDXIEOLW]W GHU NHLQHQ 1DPHQ KDW 5HFKWV PUULVFKH EUHLWVWLUQLJH %HUJH ,Q GHU )HUQH KLQWHU GHP LP 'XQVW YHUJHKHQGHQ %DQG GHV +HHU ZHJHVXQGGHU.HWWHQLHGULJHU+JHOHUNHQQWPDQ NOHLQH )OLHH YHUVWUHXWH .RVDNHQG|UIHU XQG :HLOHU XQG GDV JUDXH]RWWHOLJH*UDVPHHUGHU6WHSSH
'HU+HUEVWLVWLQGLHVHP-DKU]HLWLJGUDQ6HLQHlW]HQGHQ )UKIU|VWH VSULW]HQG QLPPW HU GHU 6WHSSH LKU .OHLG $OV GHU 9DWHU HLQHV 0RUJHQV LQ GHU :DONVWXEH GLH :ROOH YHU ODV VDJWH HU ]X 3MRWU Ä1D 6|KQFKHQ MHW]W KlWWHQ ZLU $UEHLW GD HV JHUQ NQDSSHU VHLQ GUIWH 'HU )URVW LVW GD 'LH .RVDNHQIUDXHQ NlPPHQ GLH :ROOH GD KHLWåV IU XQVHUHLQHQ GLH .UHPSHO JHGUHKW 5DXV DXV GHQ bUPHOQ VRQVW ZLUG GHU 5FNHQ QD³ 'HU 9DWHU KRE GHQ .RSI OlFKHOWH 6HLQH KHOOHQ YHUEOLFKHQHQ $XJHQ ZXUGHQ VFKPDO XQG LQ GLH JUDXVWRSSHOLJHQ :DQJHQ VFKREHQ VLFK VFKZDU]H NUXPPH )XUFKHQ 3MRWU VD DXI GHP 7LVFK XQG VFKQLW]WH DQ HLQHP /HLVWHQ (U EOLFNWH GHQ 9DWHU DQ VDK GDV /lFKHOQ DXI VHLQHP PGHQ *HVLFKW HUO|VFKHQ XQG VFKZLHJ 6WLFNLJ ZDUåV LQ GHU :DONVWXEH ]XP hEHOZHU GHQ9RQGHUDEJHVFKUlJWHQ'HFNHWURSIWHHVJOHLFKPlLJ %UXPPHU NURFKHQ WUlJH EHU GLH IOLHJHQEHVFKPXW]WH *OLPPHUVFKHLEH GHV )HQVWHUFKHQV ,Q EODVVHQ 5HJHQER JHQIDUEHQ VSLHOWHQ GDKLQWHU GHU EHUHLIWH .QSSHO]DXQ GLH :HLGHQElXPH XQG GHU %UXQQHQVFKZHQJHO PLW VWXPSIHP *UQVSDQ EHU]RJHQ 3MRWU KDWWH QXU NXU] KLQDXVJHVHKHQ GDQQ ULFKWHWH VLFK VHLQ %OLFN ZLHGHU DXI GHQ QDFNWHQ JHEFNWHQ 5FNHQ GHV 9DWHUV 'LH /LSSHQ EHZHJHQG
]lKOWH HU GLH 9RUVSUQJH DP 5FNJUDW XQG VDK ODQJH ]X ZLHGLH6FKXOWHUEOlWWHUVLFKUHJWHQXQGGLHZHONH+DXWVLFK ]XZXOVWLJHQ)DOWHQ]XVDPPHQVFKRE 0LWUDVFKHP JHEWHP*ULII NODXEWHQ GLH JLFKWLJHQ )LQ JHUGHV9DWHUV'LVWHOQ+DFKHOQXQG+DOPHDXVGHU:ROOH ,P 7DNW GHU DUEHLWHQGHQ +lQGH QLFNWHQ GHU ]RWWLJH .RSI XQG DQ GHU :DQG VHLQ 6FKDWWHQ 'HU JHGlPSIWHQ 6FKDI ZROOH HQWVWLHJ HLQ ZLGHUZlUWLJ VHU XQG EHLHQGHU *H VWDQN 6FKZHL OLHI LQ NOHLQHQ 3HUOHQ EHU 3MRWUV *HVLFKW GLHQDVVHQ+DDUHILHOHQLKPLQGLH$XJHQ(UZLVFKWHPLW GHU+DQGEHUGLH6WLUQXQGVFKPLGLH/HLVWHQDXIV)HQ VWHUEUHWWÄ:LHZlUåV9DWHUPLW0LWWDJPDFKHQ"6LHKPDO ZLHKRFKGLH6RQQHVFKRQVWHKW)DVWLP=HQLW³ Ä0LWWDJ":DUWåVDE6FKDXGLUGDV'LVWHO]HXJDQGDVLQGHU :ROOHVWHFNW,FKSODJPLFKKLHUVFKRQEHUåQH6WXQGH³ 'RFK3MRWUZDUVFKRQYRP7LVFKJHVSUXQJHQXQGJXFNWH LQ GHQ 2IHQ 'HU )HXHUVFKHLQ ]QJHOWH EHU VHLQ YHU VFKZLW]WHV*HVLFKWÄ,FKQHKPGLH6XSSHUDXV9DWHU+DE PlFKWLJ .RKOGDPSI 0|FKW ZDV ]ZLVFKHQ GLH =lKQH NULHJHQ³ Ä*XWQLPPVLHUDXVGLH$UEHLWNDQQZDUWHQ³ 6LH VHW]WHQ VLFK DQ GHQ 7LVFK ZLH VLH ZDUHQ RKQH HUVW GDV +HPG EHU]X]LHKHQ XQG O|IIHOWHQ RKQH +DVW GLH PLW 6RQQHQEOXPHQ|O DQJHPDFKWH .RKOVXSSH 3MRWU VFKLHOWH ]XP 9DWHU KLQ XQG VDJWH NDXHQG Ä%LVW GX DEHU PDJHU JHZRUGHQ9DWHU$OVREHLQH.UDQNKHLWDQGLU]HKUW1LFKW GX LW GHLQ %URW QHLQ GHLQ %URW IULW GLFK³ hEHU GLH PDKQHQGHQ %DFNHQNQRFKHQ GHV 9DWHUV JOLWW HLQ /lFKHOQ Ä'XNRPLVFKHU.DX]GX6RZDVZLOOVLFKPLWGHP9DWHU PHVVHQ ,FK NRPP ]X 0DULD 6FKXW] XQG )UELWWH LQV VLH EHQXQGIQI]LJVWH XQG GX ELVW NDXP EHU VLHE]HKQ 'DV $OWHU ]HKUW DQ PLU NHLQH .UDQNKHLW³ (U VHXI]WH Ä'LH
VHOLJH0XWWHUVROOWHGLFKVHKHQN|QQHQ³ 'D ZDUHQ VLH VWLOO XQG K|UWHQ GHP EDWLHIHQ %UXPPHQ GHU +HUEVWIOLHJHQ ]X $XI GHP +RI VFKOXJ ZWHQG GHU +XQG DQ 6FKULWWH SROWHUWHQ DP )HQVWHU YRUEHL 'DQQ VSUDQJ GLH 7U DXI VFKOXJ DQ GLH %WWH PLW GHU HLQJH ZHLFKWHQ :ROOH XQG LQ GLH +WWH NDP PLW GHP +LQWHUQ YRUDQ 6LGRU GHU 6FKPLHG RKQH GLH 0W]H DE]XQHKPHQ (UVSLHDXIGHQ%RGHQÄåQYHUGDPPWHU5GHZRLKUKDEW +DWåV DOOHZHLO DXI GLH 3DUWLH REHUKDOE GHU %HLQH DEJHVH KHQGDV%LHVW6FKQDSSWQDFKQLFKWVDQGHUHP³ Ä(U ZHL HEHQ GX NRPPVW GLH )LO]VWLHIHO DEKROHQ XQG GLHVLQGQRFKQLFKWIHUWLJ'HVKDOEZLOOHUGLFKQLFKWUHLQ ODVVHQ³ Ä,FKELQJDUQLFKWZHJHQGHU)LO]VWLHIHOGD³ Ä1D ZHQQåV QLFKW GHVKDOE LVW GDQQ KRFN GLFK KLQ DXI GDV)lFKHQKLHUXQGVHLZLOONRPPHQ³ Ä$OOH-XEHOMDKUPDONRPPWHLQHU]XGLUXQGGDVROOHULP 1DVVHQ3ODW]QHKPHQ:HUGEORQLFKWVRHLQ+HLPWFNHU ZLHGHLQ$OWHU3HWUXFKD³ ,QVHLQHQ6FKQDX]EDUWNROOHUQGKRFNWHVLFKGHU6FKPLHG QHEHQGLH7U/DQJHGUHKWHQVHLQHVWHLIHQ)LQJHUDQHLQHU =LJDUHWWH6FKPDW]HQGUDXFKWHHUVLHDQGDQQEUXPPWHHU Ä:HLW GXåV QRFK QLFKW *URYDWHU )RPD"³ 'HU 9DWHU VWRSIWHJHUDGH:ROOHLQ GHQ 6DFN HU VFKWWHOWH GHQ .RSI JULHQWH JHZDKUWH DEHU GDQQ GD GLH $XJHQ 6LGRUV YRU )UHXGHIXQNHOWHQXQGZXUGHQHXJLHULJÄ:DVJLEWåV"³'DV *HVLFKW GHV 6FKPLHGHV VFKZDPP KLQWHUP 5DXFKVFKOHLHU :LH EHLP +DVHQ KXVFKWHQ GLH $XJHQ DXIJHUHJW XQG YHU JQJW XQWHU GHQ IODFKVKHOOHQ %UDXHQ KLQ XQG KHU Ä'LH 5RWHQ JHKHQ UDQ 6LQG DP 8IHU GUEHQ QLFKW PHKU ZHLW YRP'RQ,QGHU6WDQL]DZLUGVFKRQYRQ5FN]XJJHPXQ NHOW +HXWH IUK EHL 6RQQHQDXIJDQJ KDE LFK LQ PHLQHU
6FKPLHGHJHVFKDIIWGDK|ULFKDXIHLQPDO5HLWHUGXUFKGLH *DVVHQVSUHQJHQ,FKVWHFNGHQ.RSIUDXVXQGVHKVLHDXI PLFK]XNRPPHQ,VWGHU6FKPLHGGD"å IUDJHQVLH+LHULVW HUåVDJLFK,P+DQGXPGUHKHQZLUGGLH6WXWHEHVFKODJHQ PDFKVW GXåV VFKOHFKW NULHJVW GX GLH .QXWH GD GX QLFKW PHKU DXIVWHKVWå .RKOVFKZDU] YRQ REHQ ELV XQWHQ NRPP LFKDOVRUDXVZLHVLFKGDVJHK|UW6WHKWHLQ2EHUVWGDLFK VHKåVDQGHQ$FKVHOVWFNHQXQGQHEHQLKPVHLQ$GMXWDQW 0LW9HUODXE(XHU+RFKZRKOJHERUHQDXIPHLQ+DQGZHUN YHUVWHK LFK PLFKå VDJH LFK EHVFKODJ GHQHQ LKUH 6WXWH VFKZLQJGHQ+DPPHUXQGVSLW]GHUZHLOGLH2KUHQ8QGGD JLQJ PLU GHQQ DXI LKUH 6DFKH VWHKW REHUIDXO³ 6LGRU VSXFNWHGHQ=LJDUHWWHQVWXPPHODXVXQG]HUWUDWLKQÄ$OVR PDFKWåV JXW 6REDOG LFK =HLW KDEå NRPP LFK ZLHGHU VFKZDW]HQ³ 'LH7UVFKOXJ]X'HU'DPSIZDOOWHDQGHQVFKZLW]HQ GHQ:lQGHQGHU :DONVWXEH HQWODQJ (LQH :HLOH EOLHE GHU $OWHVWLOOGDQQZLVFKWHHUGLH+lQGHDEXQGWUDW]X3MRWU Ä6LHKVW GX 3HWUXFKD QXQ KDW GDV :DUWHQ HLQ (QG 'LH .RVDNHQKHUUVFKDIWZLUGEHLXQVQLFKWPHKUODQJHGDXHUQ³ Ä'HU6LGRUUHGHWEORVRGDKHUIUFKWLFK9DWHU:LHRIW KLH HV VFKRQ EHL LKP VLH NRPPHQ VLH NRPPHQ GDEHL ZDUQLFKWV]XK|UHQXQG]XVHKHQ³ Ä/D QXU JXW 'LQJ ZLOO :HLOH KDEHQ +|UHQ XQG 6HKHQ ZLUG GHQ .RVDNHQ YHUJHKHQ ZHQQåV VRZHLW LVW³ (U KRE GLHVHKQLJH)DXVWEODVVH5|WHJORPPDXIGHQ%DFNHQGLH QXU +DXW XQG .QRFKHQ ZDUHQ Ä9RQ .LQGHVEHLQHQ DQ DUEHLWHQ ZLU IU GLH 5HLFKHQ -XQJH 'LH +lQGH DQGHUHU KDEHQGHQHQ GLH +lXVHU JHEDXW XQG LKU %URW LVW PLW GHP 6FKZHLDQGHUHUJHWUlQNW1XQKHLWåVIRUWPLWHXFK³'HU 9DWHUEUDFKLQWURFNHQHV+XVWHQDXV:RUWORVZLQNWHHUDE XQGVWDQGGDQQODQJHLQGHU(FNHEHLGHU%WWHGLH+DQG
YRUGLH%UXVWJHSUHW6FKOLHOLFKIXKUHUPLWGHU6FKU]H EHU GHQ 0XQG ZLVFKWH GHQ U|WOLFKHQ 6SHLFKHO DE XQG VDJWHÄ=ZHL:HJHNDQQHLQHUQLFKWJHKHQ-XQJH8QVLVW QXUHLQHUJHJHEHQXQGGHQJHKRKQH6FKZDQNHQELV]XP 7RG :LU VLQG DOV :DONHU ]XU :HOW JHNRPPHQ XQG VR PVVHQZLUGHQQDXFK]XXQVHUHU$UEHLWHUPDFKWVWHKHQ³ :LHGHUEHJDQQGLH.UHPSHOLQGHV$OWHQ+lQGHQ]XVXU UHQ XQG VDQJ LQ WLHIHQ ODQJJH]RJHQHQ 7|QHQ 6WDXE YHU KOOWHGDV)HQVWHU ZLH6SLQQZHEIHW]HQ)UHLQHQ $XJHQ EOLFNVFKDXWHGLH6RQQH KHUHLQ DEHU VLH PDFKWH VLFK EDOG GDYRQDEZlUWVGHP$EHQG]X
7DJV GDUDXI NDP LQ GLH :DONVWXEH HLQ 2IIL]LHU LQ %H JOHLWXQJ HLQHV 6FKUHLEHUV YRQ GHU 9RUVWHKHUHL 'HU )lKQ ULFK ZDU MXQJ XQG DXIJHVFKZHPPW (U NORSIWH PLW GHU 5HLWSHLWVFKH DQ GLH EODQNHQ 6WLHIHOVFKlIWH XQG IUDJWH Ä%LVWGX)RPD.UHPQMRZ"³ Ä'HUELQLFK³ Ä$XI %HIHKO GHV 'RUIDWDPDQHQ XQG GHV =HXJPHLVWHUV PX LFK GHLQHQ 9RUUDW DQ IHUWLJHQ )LO]VWLHIHOQ EHVFKODJ QDKPHQ:RKDVWGXVLH"³ Ä(XHU +RFKZRKOJHERUHQ (LQ -DKU ODQJ KDEHQ ZLU GUDQ JHDUEHLWHWPHLQ6RKQXQGLFK:LUYHUKXQJHUQZHQQ6LH XQVGLH)LO]VWLHIHOQHKPHQ³ Ä*HKW PLFK QLFKWV DQ 'LH .RVDNHQ DQ GHU )URQW KDEHQ QLFKWV DQ GHQ )HQ ,FK IUDJH QRFK PDO :R VLQG GLH )LO]VWLHIHO"³ Ä+HUU )lKQULFK 1LFKW QXU PLW 6FKZHL ± PLW %OXW VLQG VLHJHWUlQNW8QVHU%URWVLQGVLH³ hEHUGLHSLFNOLJHQ%DFNHQGHV)lKQULFKVNURFKHLQJLIWL JHV /lFKHOQ ZLH HLQH HNOLJH 6FKQHFNH 'LH *ROG]lKQH XQWHU GHP 6FKQXUUElUWFKHQ EOLW]WHQ Ä'X VROOVW MD %RO
VFKHZLN VHLQ K|UW PDQ :DV UHJVW GX GLFK DXI" 'HLQH 5RWHQ NRPPHQ GLH ZHUGHQ GLU GHQ .UHPSHO EH]DKOHQ³ 6SRUHQNOLUUHQGWUDWHULQGLH(FNHGLH=LJDUHWWHLP0XQG XQG VFKOHXGHUWH PLW GHP *ULII VHLQHU 5HLWSHLWVFKH HLQ 6WFN 6DFNOHLQHQ ZHJ Ä$KD GLH )LO]VWLHIHO $OOHV JHKW PLW6FKXVWURZVFKDIIGDV=HXJDXIGHQ+RI'HU:DJHQ ZLUGJOHLFKGDVHLQ³ $EHU GD VWDQGHQ 9DWHU XQG 6RKQ DXI HLQPDO ZLH HLQH 0DXHUYRUGHQLQGHU(FNHDXIJHVWDSHOWHQ)LO]VWLHIHP 'DV *HVLFKW GHV )lKQULFKV VFKZROO YRU JOXWURWHU :XW $XIVHLQHQ]XFNHQGHQ/LSSHQVFKlXPWH6SHLFKHOGRFKHU KLHOW DQ VLFK XQG VDJWH QXU KHLVHU Ä0RUJHQ UHGHQ ZLU DQGHUVPLWHLQDQGHUDOWHU+XQG:DUWHQXUZHQQZLUGLFK HUVWYRUP6WDQGJHULFKWKDEHQ³ 0LW HLQHP NUlIWLJHQ 3XII VWLH HU GHQ DOWHQ :DONHU ZHJ XQG VFKRE GLH JODWWHQ GXUFKJHWURFNQHWHQ )LO]VWLHIHO PLW GHQ )HQ ]XU 6FKZHOOH KLQ 'HU 6FKUHLEHU QDKP VLH EQGHOZHLVHDXIXQGZDUIVLHDXVGHUZHLWJH|IIQHWHQ7U 5DVVHOQG NDP HLQ .XWVFKZDJHQ JHIDKUHQ XQG KLHOW YRUP 7RU'HU %HUJ )LO]VWLHIHOLQGHU(FNHVFKZDQG ]XVHKHQGV 'HU $OWH VFKZLHJ 'RFK DOV GHU 6FKUHLEHU LQ HLQHP DXFK QDFKVHLQHQDEJHWUDJHQHQ )LO]VWLHIHOQDXIGHP2IHQ JULII GDJLQJHUDXILKQ]XXQGSUHWHLKQPLWXQHUZDUWHWKDUWHP *ULII JHJHQ GHQ 2IHQ 'HU 6FKUHLEHU HLQ VWXPSI GUHLQ EOLFNHQGHU SRFNHQQDUELJHU .HUO UL VLFK ORV ± VHLQ ]HU VFKOLVVHQHV +HPG SODW]WH DP .UDJHQ DXI ± XQG KLHE GHP $OWHQ GLH )DXVW LQV *HVLFKW 3MRWU VFKULH DXI XQG VWU]WH ]XP 9DWHU 'RFK DXI KDOEHP :HJ WUDI LKQ GHU 3LVWROHQ NQDXI GHV )lKQULFKV KDUW DQ GHU 6FKOlIH XQG HU VDQN PLW YRUJHVWUHFNWHQ$UPHQ]X%RGHQ 'LH $XJHQ KHUDXVTXHOOHQG XQG EOXWXQWHUODXIHQ YRU -lK ]RUQ VSUDQJ GHU )lKQULFK PLW HLQHP 6DW] ]X GHP DOWHQ
:DONHU XQG VFKOXJ LKP VFKDOOHQG LQV *HVLFKW Ä0DFK LKQ PLW GHP 6lEHO QLHGHU 6FKXVWURZ $XI PHLQH 9HUDQWZRU WXQJ+DX]XVDJLFKJRWWYHUIOXFKWQRFKPDO³
'HU 6FKUHLEHU KDWWH QRFK LPPHU GLH )LO]VWLHIHO LQ GHU /LQNHQZlKUHQGVHLQH5HFKWHQDFKGHP6lEHOODQJWH'HU $OWHZDULQGLH.QLHJHVXQNHQVHLQ.RSIKLQJKHUDEGLH 6FKXOWHUEOlWWHU DXI GHP DXVJHPHUJHOWHQ EUlXQOLFKHQ 5N NHQ DUEHLWHWHQ 'HU 6FKUHLEHU VDK GHQ JUDXKDDULJHQ ELV DXIGLH(UGHJHVXQNHQHQ6FKlGHOVDKGLHDOWHZHONH+DXW EHU GHQ NDQWLJHQ 5LSSHQ ± GD ZLFK HU OHLVH ]XUFN XQG JLQJPLWHLQHPXQVLFKHUHQ%OLFNDXIGHQ2IIL]LHUKLQDXV +HLVHU IOXFKHQG VFKOXJ GHU )lKQULFK DXI GHQ $OWHQ PLW GHU 5HLWSHLWVFKH HLQ 'LH +LHEH NODWVFKWHQ DXI GHQ JH NUPPWHQ5FNHQQLHGHUWLHIURWH6WULHPHQVFKZROOHQDXI GLH +DXW ]HUSODW]WH LQ GQQHQ 5LQQVDOHQ VLFNHUWH %OXW 2KQHHLQHQ /DXWGXFNWH VLFK GHU EOXWEHUVWU|PWH 6FKlGHO GHV:DONHUVLPPHUWLHIHUKLQDE]XP/HKPERGHQ«
$OV 3HWND ]X VLFK NDP XQG VLFK WDXPHOQG DXIUDSSHOWH ZDU GLH :DONVWXEH OHHU 'LH 7U VWDQG VSHUUDQJHOZHLW RIIHQ XQG GHU NDOWH :LQG WULHE HLQHQ +DXIHQ IDKOHU 3DS SHOEOlWWHU XQG 6WDXE KHUHLQ $Q GHU 6FKZHOOH OHFNWH GLH +QGLQ GHV 1DFKEDUV JHVFKlIWLJ HLQH /DFKH JHURQQHQHQ VFKZDU]HQ%OXWHVDXI
'XUFKGLH6WDQL]DIKUWGLH/DQGVWUDH$XIGHP.LUFK SODW] ODXIHQ GLH :HJH YRQ GHQ &KXWRUV GHQ WDXULVFKHQ 6LHGOXQJHQ XQG GHQ DEJHOHJHQHQ 6WHSSHQJHK|IWHQ ]X HLQHP .QRWHQ ]XVDPPHQ .RVDNHQUHJLPHQWHU 7UR XQG 6WUDINRPSDQLHQ ]LHKHQ GXUFK GLH 6WDQL]D ]XU 1RUGIURQW $XIGHP3ODW]LVWLPPHUYLHO9RON'LHVFKDXPEHGHFNWHQ .XULHUSIHUGH QDJHQ DQ GHQ YHUZLWWHUWHQ =DXQSIlKOHQ GHU 9RUVWHKHUHL ,Q GHQ 3IHUGHVWlOOHQ GHV 'RUIHV KDW GDV 'RQNRUSV VHLQH 9HUVRUJXQJV XQG 0XQLWLRQVODJHU HLQJH ULFKWHW'LH3RVWHQYHUIWWHUQVFKOHFKWJHZRUGHQH.RQVHU YHQ DQ GLH IHLVWHQ 6FKZHLQH 'HU JDQ]H 3ODW] ULHFKW QDFK /RUEHHUEODWW XQG /D]DUHWW +LHU OLHJW DXFK GDV *HIlQJQLV ,Q DOOHU (LOH HLQJHVHW]WH URVWLJH *LWWHU YRU GHQ )HQVWHUQ DP7RUHLQ3RVWHQHLQHXPJHNLSSWH)HOGNFKHHLQ6FKLO GHUKDXV PLW )HUQVSUHFKHU 8QG GXUFK GHQ 2UW ELV LQ GLH HQWOHJHQHQ HQJHQ *DVVHQ WUHLEW GHU +HUEVWZLQG DQ GHQ .QSSHO]lXQHQHQWODQJGDVURVWLJH*ROGGHU$KRUQEOlWWHU XQG]DXVWDQGHQ6FKLOI]RWWHOQGHU6FKHXQHQGlFKHU 3HWNDHUVFKHLQWYRUGHP*HIlQJQLV'HU3RVWHQYRUP7RU KlOWLKQDQÄ+H-XQJH.RPPQLFKW]XQDK+DOWVDJLFK =XZHPZLOOVWGX"³ Ä'HQ 9DWHU P|FKW LFK VSUHFKHQ )RPD .UHPQMRZ KHLW HU³ Ä-DVRHLQHQKDEHQZLUKLHU:DUWPDOLFKJHKGHQ&KHI
IUDJHQ³ 'HU 3RVWHQ JHKW LQV 6FKLOGHUKDXV (U UROOW HLQH DQJH VFKQLWWHQH 0HORQH XQWHU GHU %DQN YRU VlEHOW JHPlFKOLFK HLQH 6FKHLEH UDXV XQG LW PLW .QLUVFKHQ XQG 6FKPDW]HQ 'LH EUDXQHQ .HUQH VSXFNW HU 3HWND YRU GLH )H 3HWND VLHKW LQ GDV EURQ]HIDUEHQH EUHLWNQRFKLJH *HVLFKW XQG ZDUWHW GD GHU 3RVWHQ PLW GHP (VVHQ IHUWLJ ZLUG 'HU QLPPWGLH6FKDOHXQGVFKPHLWVLHZHLWDXVKROHQGDXIHLQ YRUEHUZDFNHOQGHV 6FKZHLQ /DQJH XQG JHGDQNHQYROO VFKDXW HU LKP QDFK VFKOLHOLFK QLPPW HU JlKQHQG GHQ 7HOHIRQK|UHU DE Ä+LHU LVW GHU -XQJH YRQ .UHPQMRZ (U ZLOOLKQEHVXFKHQ'DUILFKLKQGXUFKODVVHQ(XHU:RKOJH ERUHQ"³ 3HWND K|UW HLQHQ KHLVHUHQ %D DXV GHP +|UHU EHOOHQGLH:RUWHVLQGQLFKW]XYHUVWHKHQÄ:DUWHKLHUGX ZLUVWGXUFKVXFKW³ (LQH0LQXWHVSlWHUNRPPHQ]ZHL.RVDNHQDXVGHP7RU Ä:HUZLOO]X.UHPQMRZGX"+lQGHKRFK³6LHZKOHQLQ 3HWNDV 7DVFKHQ EHIKOHQ GLH ]HUULVVHQH 0W]H GDV -DN NHQIXWWHUÄ6RXQGMHW]WGLH+RVHUXQWHU1XQ]LHUWHUVLFK QRFKGDV/XGHU%LVWZRKOHLQNOHLQHV0lGFKHQZLH"³ 'DV *DWWHU IlOOW KLQWHU 3HWND LQV 6FKOR GDQQ TXLHWVFKW GHU5LHJHO$Q YHUJLWWHUWHQ )HQVWHUQ YRUEHL JHKW HV LQ GLH .RPPDQGDQWXU$XVMHGHU5LW]HVWDUUHQLKQ$XJHQDQ'HU ODQJH *DQJ VWLQNW QDFK PHQVFKOLFKHQ ([NUHPHQWHQ XQG QDFK6FKLPPHO'LH6WHLQZlQGHEOKHQYRQZDVVHUJUQHU )OHFKWH XQG 6FKLPPHOSLO] 7UE OHXFKWHQ GLH gOIXQ]HOQ 9RUGHUOHW]WHQ7ULP*DQJPDFKWGHU3RVWHQKDOWVFKLHEW GHQ 5LHJHO ]XUFN VW|W GLH 7U PLW GHP )X DXI Ä/RV UHLQ³ 'LH $UPH YRUJHVWUHFNW PLW GHQ )HQ VLFK EHU GHQ VFKDGKDIWHQ %RGHQ WDVWHQG WDSSW 3HWND ]XU :DQG 'XUFK HLQ ZLQ]LJHV )HQVWHUFKHQ REHQ GLFKW XQWHU GHU 'HFNH
VLFNHUWGDVEODXH/LFKWGHV+HUEVWWDJHVKHUHLQÄ3HWNDELVW GXåV"³ 6WRZHLV XQG NHXFKHQG NRPPW GLH 6WLPPH GHV 9DWHUVZLHEHLHLQHPGHUODQJHNUDQNJHZHVHQLVW3HWND OlXIWDXIGLH6WLPPH]X8QWHUPEORHQ)XVSUWHUHLQH )LO]PDWWHHUNDXHUWVLFKKLQXQGXPIDWZRUWORVGHQYHU EXQGHQHQ .RSI GHV 9DWHUV 'HU 3RVWHQ OHKQW DQ GHU 7U VSLHOW PLW GHP 6lEHOULHPHQ XQG JU|OW HLQ IUHFKHV /LHG *UXVHOLJKXVFKWGDV(FKRXQWHUGHUJHZ|OEWHQ'HFNH 3HWNDV9DWHUJLEWHLQHUVWLFNWHVPHFNHUQGHV/DFKHQYRQ VLFKGDV0XWYRUWlXVFKHQVROO8QG3HWNDVLHKWYRQXQWHQ GXUFK GDV ZLQ]LJH UXQGH )HQVWHUDXJH GLH WUEHQ JUDXHQ :RONHQEDOOHQ LQ GHU :HOW GUDXHQ XQG ]ZHL =JH YRQ HKHUQVWLPPLJHQ .UDQLFKHQ GLH XQWHU GHQ :RONHQ GHQ +LPPHOGXUFKVFKQHLGHQ Ä=ZHLPDOKDEHQVLHPLFK]XP9HUK|UJHKROW'HU8QWHU VXFKXQJVULFKWHUKDWPLWGHQ)HQDXIPLUUXPJHWUDPSHOW LFKVROOWHXQWHUVFKUHLEHQZDVLFKQLHDXVJHVDJWKDE1HLQ 3HWNDDXV)RPD.UHPQMRZEHNRPPHQVLHNHLQ:RUWUDXV XQGZHQQVLHVLFKDXIGHQ.RSIVWHOOHQ7RWVFKODJHQN|Q QHQ VLH PLFK GDIU IDVVHQ VLH LKUHQ 6ROG DEHU YRQ GHP :HJGHUPLUYRUJH]HLFKQHWLVWYRQ*HEXUWDQNULHJWPLFK NHLQHUDE³ 3HWNDYHUQLPPWGDVYHUWUDXWHKHLVHUH/DFKHQGHV9DWHUV XQG YRQ DXITXHOOHQGHU )UHXGH HUIDW VWDUUW HU LQ GDV HUG IDUEHQH YRQ 6FKOlJHQ JHVFKZROOHQH HQWVWHOOWH *HVLFKW Ä8QGZDVZLUGZHLWHU":LUVWGXODQJHKLHUEOHLEHQ9DWHU"³ Ä,FKGHQNHQLFKWKHXWRGHUPRUJHQNRPPLFKUDXV$P OLHEVWHQZUGHQVLHPLFKMDHUVFKLHHQGLH6FKZHLQHKXQ GH DEHU VLH KDEHQ $QJVW 'DV ]XJHUHLVWH 9RON IlQJW PLW 6WUHLN DQ XQG VR ZDV N|QQHQ VLH DXI GHQ 7RG QLFKW OHL GHQ³ Ä:LUVWGXJDQ]IUHLJHODVVHQ"³
Ä1HLQ 'DPLW GLH 6DFKH QDFK ZDV DXVVLHKW EHVWLPPHQ VLH HLQ bOWHVWHQJHULFKW DXV GHU 6WDQL]D 9RU GHU JDQ]HQ *HPHLQGH VROO LFK JHULFKWHW ZHUGHQ 'D ZHUGHQ ZLU MD VHKHQDXIZHOFKHU6HLWHGDV5HFKWLVW1RFKLVWQLFKWDOOHU 7DJH$EHQG³ 'HU3RVWHQDQGHU7UVHKQLSSWPLWGHQ)LQJHUQXQGUXIW PLW GHP )X DXIVWDPSIHQG Ä+H GX 6SDYRJHO VFKPHL LKQUDXVGHLQHQ6RKQ)UKHXWHLVWGHU6SD]X(QGH³
*HJHQ $EHQG NDP HLQ 1DFKEDUMXQJH LQ GLH :DONVWXEH JHODXIHQÄ3MRWU³ Ä:DVLVW"³ Ä)OLQNODXI]XP3ODW]9RUGHU9RUVWHKHUHLVFKODJHQGLH .RVDNHQGHLQHQ9DWHUWRW³ 3MRWU MDJWH ORV EDUKlXSWLJ ZLH HU ZDU :LH JHKHW]W UDQQWH HU GLH NUXPPH *DVVH KLQDXI GLH VLFK DP )OX KLQZDQG 9RU LKP IOLUUWH GDV URVD .DWWXQKHPG GHV 1DFK EDUMXQJHQ DQ GHQ :HLGHQ]lXQHQ HQWODQJ 'HU YRQ GHU 6RQQHVWURKJHOEJHEOHLFKWH+DDUVFKRSIIODWWHUWHLP:LQGH ,Q MHGHQ +RI VFKULH GHU -XQJH PLW VLFK EHUVFKODJHQGHP GQQHP 6WLPPFKHQ Ä=XP 3ODW] =XP 3ODW] 'LH .RVD NHQVFKODJHQGHQ:DONHU)RPDWRW³ $XV 7UHQ XQG 7RUHQ VWU]WHQ .LQGHU KHUDXV XQG GDV 7UDSSHOQ LKUHU QDFNWHQ )H HUIOOWH GLH *DVVH 'RFK DOV 3MRWUDXIGHQ3ODW]NDPZDUYRUGHU9RUVWHKHUHLQLHPDQG PHKU 'LH 6WUDHQ XQG *DVVHQ ULQJVXP KDWWHQ GLH VLFK ]HUVWUHXHQGHQ /HXWH EHUHLWV DXIJHVRJHQ 9RU GHP 3IDUU KDXVVWDQGGLHGLFNH3RSHQIUDX'LH+DQGVFKLUPHQGEHU GLH$XJHQJHOHJWVDKVLHGHPGDKHUMDJHQGHQ3HWMDHQWJH JHQ 6LH WUXJ EHU GHP .DWWXQNOHLG HLQ 6FKXOWHUWXFK DXI LKUHQGQQHQE|VHQ/LSSHQODJHLQHUVWDXQWHV/lFKHOQ=X 3HWMD KLQEHUEOLFNHQG VWDQG VLH GD VFKDEWH VLFK PLW GHP
)X GLH ZLH 6O]H ZDEEHOQGH IHWWH :DGH XQG GUHKWH VLFK ]XP +DXV XP Ä)HNOXVFKD ZR ZLUG GHQQ GHU :DONHU JHVFKODJHQ"³ Ä%HLP.UHX]0WWHUFKHQ,FKKDEåVPLWHLJHQHQ$XJHQ JHVHKHQ ZLH VLH LKQ JHVFKODJHQ KDEHQ³ $XI GHU 7UHSSH SDWVFKWHQ7ULWWH0LWGHQ$UPHQUXGHUQGNDPGLH VFKLHI VWHLLJH .|FKLQ DQJHKXPSHOW XQG VSUXGHOWH PLW VFKULOOHU 6WLPPHKHUYRUÄ,FK JXFN XQG GD VHK LFK GRFK VLH EULQ JHQ LKQ DXV GHP .HUNHU ]XP 3ODW] 'LH .RVDNHQ MRKOHQ XQG VFKUHLHQ DEHU LKQ ILFKWåV QLFKW DQ *HKW UXKLJ GDKLQ GHU DOWH +XQG XQG IHL[W VLFK HLQV 'DEHL KDW HU HLQ *H VLFKW JUQ XQG EODX GD PDQ $QJVW NULHJW :LH VLH LKQ DOVREHLGHU9RUVWHKHUHLKDEHQJHKWåVORVXQGZLH3DWVFK 3DWVFKK|ULFKåVQXU(UKDWJDQ]MlPPHUOLFKJHEUOOW-D GD KDEHQ VLH LKP GHQ *DUDXV JHPDFKW 0LW 6WDQJHQ XQG b[WHQ VLQG VLH GUDXI DXI LKQ GLH PHLVWHQ VRJDU QXU PLW )HQ³ 'LH 6WXIHQ GHU 9RUVWHKHUHL KHUDE VWLHJ PLW VFKZlQ]HOQ GHP +LQWHUQ GHU 'RUIVFKUHLEHU Ä$FK ,ZDQ $UVHQMH ZLWVFKDXIHLQ0LQWFKHQQXU³ 'HU6FKUHLEHU]XSIWHDQVHLQHUZHLWHQ5HLWKRVHXQGJLQJ WULSSHOQGXQGPLWVHLQHQEOLW]EODQNHQ6WLHIHOQOLHElXJHOQG DXI GLH 3RSHQIUDX ]X (WZD DFKW 6FKULWW YRU LKU ERJ HU VHLQHQ NUXPPHQ 5FNHQ JHUDGH XQG OHJWH OlVVLJ ]ZHL )LQJHU DQ GHQ 0W]HQVFKLUP ZLH HV GHU 2EHUVW LQ GHU .RPPDQGDQWXU]XWXQSIOHJWHÄ:QVFKHHLQHQJXWHQ7DJ $QQD6HUJHMHZQD³ Ä*XWHQ7DJ ,ZDQ$UVHQMHZLWVFK(VKHLWEHL,KQHQLVW MHPDQGXPJHEUDFKWZRUGHQ³ 'HU 6FKUHLEHU VFKRE JHULQJVFKlW]LJ GLH 8QWHUOLSSH YRU Ä'LH .RVDNHQ KDEHQ GHQ :DONHU )RPD WRWJHVFKODJHQ ± ZHJHQ=XJHK|ULJNHLW]XP.RPPXQLVPXV³
'LH 3RSHQIUDX KRE VFKDXHUQG GLH YROOHQ 6FKXOWHUQ XQG VDJWH VHXI]HQG Ä$FK ZLH VFKUHFNOLFK +DEHQ 6LH HWZD DXFKWHLOJHKDEWDQGLHVHU8QWDW"³ Ä+P « MD « $OV VLH ORVJHVFKODJHQ KDEHQ VHKHQ 6LH XQGGHU.HUODXIGHU(UGHODJXQGVFKULH6FKODJWPLFKWRW DEHU YRQ GHU 6RZMHWPDFKW OD LFK QLFKWå GD IUHLOLFK KDE DXFKLFKLKPPLWGHP6WLHIHOHLQVYHUVHW]WDEHULFKKDEåV JOHLFKEHUHXWGDLFKPLWJHPDFKWKDE1LFKWVDOVbUJHUQLV KDWWLFKGDYRQ±GLH+RVHQXQGGLH6WLHIHOVLQGJDQ]YROO %OXWJHZHVHQ³ Ä,FK KlWW QLH JHGDFKW GD 6LH HLQ VR JHZDOWWlWLJHU 0HQVFK VLQG³ 'LH 3RSHQIUDX ]ZLQNHUWH GHP IHVFKHQ 6FKUHLEHU OlFKHOQG ]X ZlKUHQG 3HWMD YRQ HLQHP EXQW VFKHFNLJHQ +DXIHQ 'RUIMXQJHQ XPJHEHQ LP EOXWJHWUlQN WHQ 6DQG YRU GHU 9RUVWHKHUHL KRFNWH XQG HLQH IRUPORVH EOXWLJH0DVVHDQVWDUUWH
.UDQLFKH ]RJHQ EHUV 'RUI XQG VWUHXWHQ LKUH /RFNUXIH EHU GLH KHUEVWNDOWH (UGH 6WXQGHQODQJ VWDQG 3HWMD LQ GHU :DONVWXEHDP)HQVWHUXQGEOLFNWHKLQDXV *HJHQ0LWWDJNDP6LGRUGHU6FKPLHGVDKHLQ:HLOFKHQ ]X ZLH 3HWMD 0DLVN|UQHU ]ZLVFKHQ ]ZHL =LHJHOVWHLQHQ ]HUULHE VHXI]WH XQG VDJWH Ä$FK -XQJH YLHO (OHQG PXW GX VFKPHFNHQ $EHU ZDUW QXU OD GHQ 0XW QLFKW VLQNHQ EDOG VLQG GLH 8QVUHQ GD GDQQ ZLUG GDV /HEHQ OHLFKWHU .RPPPRUJHQ]XPLUUDQXQGKROGLU]ZHL0D0HKO³ $EHUGDV/HEHQZXUGHQLFKWOHLFKWHU$OV3HWMDDPQlFK VWHQ 7DJ YRU 6RQQHQXQWHUJDQJ EHU GHQ 'RUISODW] JLQJ NDPHQ ]ZHL .RVDNHQ DXV GHP *HIlQJQLVWRU JHULWWHQ =ZLVFKHQLKQHQOLHI6LGRULQNQLHODQJHP/HLQHQKHPG'DV +HPG ZDU YRP .UDJHQ ELV ]XP %DXFK DXIJHULVVHQ XQG DXVGHP5LVDKGDVNUDXVHERUVWLJH%UXVWKDDUKHUYRU$OV
VLHQHEHQ3HWMDZDUHQZDQGWHGHU6FKPLHGLKPGHQ.RSI ]X XQG NDP DXV GHP 7ULWW Ä=XP 9HUVFKURWHQ EULQJHQ VLH PLFK/HEZRKO3HWMHQNDPHLQ7lXEFKHQ³ULHIHU (U ZLQNWH PLW GHU +DQG DE 7UlQHQ OLHIHQ EHU VHLQH %DFNHQ
'LH =HLW GHKQWH VLFK HQGORV ZLH LQ HLQHP E|VHQ $OS WUDXP 3HWMD ZDU YROOHU /lXVH 'LH JHOEHQ :DQJHQ PLW YHUILO]WHP )ODXP EHGHFNW VDK HU lOWHU DXV DOV VLHE]HKQ -DKUH 7UlJH VFKOLFKHQ GLH JUDXHQ WUEHQ 7DJH GDKLQ 'RFK MHGHU 7DJ GHU PLW GHU 6RQQH KLQWHUP 'RUIUDQG YHUJORPPEUDFKWHGLH5RWHQQlKHU%DQJH8QUXKHVHQNWH VLFKLQGLH.RVDNHQKHU]HQIOOWHVLH]XP%HUVWHQ$OVGLH )UDXHQHLQHV0RUJHQVGDV9LHK]XU:HLGHWULHEHQK|UWHQ VLH KLQWHU GHP 6WVFKHJROVNHU )HOG .DQRQHQVFKVVH +LQ XQG KHU VSUDQJ GHU GXPSIH +DOO ]ZLVFKHQ GHQ LP JUQHQ 0RUJHQGXQVW VFKOXPPHUQGHQ +|IHQ VFKOXJ JHJHQ GLH /HKPZlQGH GHU :DONVWXEH XQG OLH GDV *OLPPHUIHQVWHU FKHQZLHLP6FKWWHOIURVWHU]LWWHUQ 3HWMDNOHWWHUWHYRP2IHQZDUIUDVFKGHQ5RFNEHUXQG OLHI LQ GHQ +RI 1HEHQ GHP UXQ]OLJHQ DOWHQ :HLGHQEDXP OHJWHHUVLFKDXIGHQPLWGQQHP(LVEHUNUXVWHWHQ%RGHQ XQGK|UWHGLH(UGHXQWHUGHQ(LQVFKOlJHQGHU.DQRQHQNX JHOQ JUHLVHQKDIW lFK]HQ NUlFK]HQ XQG VW|KQHQ +LQWHU GHP GLFKWHQ 3DSSHOKDLQ WDFNWHQ KDVWLJ 0DVFKLQHQJHZHK UH LKU 7DFNHQ YHUPLVFKWH VLFK PLW GHP .UHLVFKHQ GHU 'RKOHQ $XFKDPQlFKVWHQ7DJHLOWH3HWMDJDQ]IUKDXIGHQ+RI UDXV'DV2KUDQGLHVHQJHQGNDOWH(UGHJHOHJWDQGHUHV IHVW]XIULHUHQVFKLHQODXVFKWH HU9HUVFKODIHQGU|KQWHQGLH *HVFKW]H ZlKUHQG GLH 0DVFKLQHQJHZHKUH IU|KOLFK XQG XQWHUQHKPXQJVOXVWLJ LQ GHU IURVWNODUHQ /XIW VWHSSWHQ
Ä7DFNWDFNWDFNWDFN³ (UVWVHOWHQHUGDQQKlXILJHUWUDWPLQXWHQODQJH6WLOOHHLQ GRFKGDQQZLHGHUNDXPK|UEDUÄ7DFNWDFNWDFNWDFN³ 3HWMD]RJVLFKGHQ0DQWHOXQWHUGLHIULHUHQGHQ.QLHDOV SO|W]OLFK KLQWHU GHP =DXQ HLQH KHLVHUH 6WLPPH NUlFK]WH Ä/DXVFKVW GHU 0XVLN %UVFKFKHQ" (LQH KEVFKH 0XVLN KH"³
(UVFKURFNHQVSUDQJ3HWMDDXIGLH)H+HOOH*UHLVHQDX JHQ XQWHU ]RWWLJHQ %UDXHQ IXQNHOWHQ LKQ DQ DXV HLQHP JHOEHQ%DUWVWDKOVLFKHLQVFKODXHV/lFKHOQ$QGHU6WLP PH HUNDQQW 3HWMD $OH[DQGHU GHQ 9LHUWHQ GDV ZDU GHU 6SLW]QDPHGHV$OWHQ%HPKWGDV%HEHQLQVHLQHU6WLPPH ]XXQWHUGUFNHQVDJWHHUlUJHUOLFKÄ0DFKGDGXZHLWHU NRPPVW9lWHUFKHQ'DVKLHUJHKWGLFKQLFKWVDQ³ Ä6RGLFKJHKWåVZDVDQXQGPLFKJHKWåVQLFKWVDQ"³ Ä/DPLFKLQ)ULHGHQ9lWHUFKHQVRQVWQHKPLFK6WHLQH XQGYHUWUHLEGLFK'DQQMDPPHUVWGXDFKXQGZHK³
Ä'XJHKVWDUJLQV=HXJ-XQJFKHQ1XUUXKLJ%OXWPHLQ LFK)UVROFKHQ5HVSHNWYRUHLQHPDOWHQ0DQQP|FKWLFK GLFKGHQ6WRFNNRVWHQODVVHQ³ Ä,FKWXGLUQLFKWVWXGXPLUDXFKQLFKWV³ Ä6RHLQH5RW]QDVHHLQHJUQHZHQQPDQåVUHFKWQLPPW XQGSOXVWHUWVLFKDXIZLHHLQ*RWWZHLZHU³ 'HU $OWH VWW]WH VLFK PLW GHQ +lQGHQ DXI ]ZHL =DXQ SIlKOH XQG VFKZDQJ VHLQHQ KDJHUHQ VHKQLJHQ .|USHU OHLFKWKHUEHU'LH]HUULVVHQH+RVHKRFK]LHKHQGWUDWHU]X 3HWMD XQG OLH VLFK QHEHQ LKP QLHGHU Ä6LQG GLH 0DVFKL QHQJHZHKUH]XK|UHQ"³ Ä'HUHLQHK|UWVLHGHUDQGHUHQLFKW³ Ä,FKZHUGVLHVFKRQK|UHQ³ 3HWMDZDUIHLQHQDXIPHUNVDPHQ%OLFN]XGHP$OWHQKLQ EHU GHU VLFK ElXFKOLQJV DXI GHU (UGH KLQJHVWUHFNW KDWWH XQG VDJWH XQVLFKHU Ä+LQWHU GHP :HLGHQEDXP LVWåV QRFK EHVVHU]XK|UHQ³ Ä'DQQKRUFKHQZLUPDOKLQWHUGHP:HLGHQEDXP³ 'HU$OWHNURFKDXIDOOHQYLHUHQ]XU:HLGHNUDOOWHVHLQH NQRUULJHQ+lQGHLQGLH EOROLHJHQGHQ :XU]HONQROOHQ XQG YHUKLHOWVLFKZRKO]ZHL0LQXWHQPlXVFKHQVWLOOÄ6LHKPDO DQ³ VDJWH HU VFKOLHOLFK XQG VHW]WH VLFK DXI (U ZLVFKWH VLFK GHQ 5DXKUHLI YRQ GHQ .QLHQ XQG NHKUWH GDV *HVLFKW 3HWMD]XÄ+|UPDO%UVFKFKHQLFKNDQQDOOHVVHKHQELV DXI GHQ *UXQG GHU (UGH NDQQ LFK VHKHQ 8QG ZDV LQ GLU YRUJHKWGDVWXWVLFKPLUDXFKRIIHQEDUHQ'LH0XVLNKLHU N|QQHQZLUQRFKODQJHK|UHQDEHULFKXQGPHLQ6RKQZLU KDEHQZDVYRU0HLQHQ-DVFKND NHQQVW GX GRFK" 'HQ GLH .RVDNHQIUVHLQHQ%ROVFKHZLVPXVYHUSUJHOWKDEHQ³ Ä-D³ Ä:LUZROOHQDOVRGHQ5RWHQHQWJHJHQJHKQXQGQLFKWGD VLW]HQXQGZDUWHQELVVLHNRPPHQ³(UEHXJWHVLFKKHUDE
VHLQ%DUWNLW]HOWH3HWMDLP2KUXQGVHLQVlXHUOLFKHU$WHP ZHKWHLKPLQV*HVLFKWÄ'XWXVWPLUOHLG%UVFKFKHQ9RQ +HU]HQOHLG.RPPPLWXQVZHJYRQKLHUVSXFNHQZLUDXI GLHJDQ]H'RQNRVDNHQKHUUOLFKNHLW(LQYHUVWDQGHQ"³ Ä6SLQQVWGXDXFKQLFKW9lWHUFKHQ"³ Ä%LVWQRFKYLHO]XJUQXPVRZDV]XPLU]XVDJHQ2U GHQWOLFK GXUFKZDONHQ VROOWH PDQ GLFK IU VROFKH 5HGHQ 'LH6SLQQHQVSLQQHQLFKDEHUVSUHFKHGLH:DKUKHLW'RFK ZR]XPLWGLUVWUHLWHQ":HQQGX/XVWKDVWEOHLEKLHU³ (UVWDSIWHORVVHLQH JHVWUHLIWHQ+RVHQIOLPPHUWHQGXUFK GHQ .QSSHO]DXQ 3HWMD OLHI LKP QDFK XQG IDWH LKQ DP bUPHOÄ6RZDUWGRFK9lWHUFKHQ³ Ä:DUWHQ JLEWåV QLFKW :HQQ GX PLWZLOOVW ELVW GX ZLOO NRPPHQ 8QG ZHQQ QLFKW LVWåV DXFK NHLQ 6FKDGH )lOOW GDV:HLEYRP.DUUHQKDEHQåVGLH3IHUGHOHLFKWHU³ Ä,FKNRPPPLW9lWHUFKHQ:DQQZROOWLKUORV"³ Ä'DV EHUHGHQ ZLU KHUQDFK .RPP KHXWH DEHQG ]X XQV DXIGLH7HQQHGDZHUGHQZLUVHKHQ³ $OH[DQGHUGHU9LHUWHZDUYRQMHKHUHLQDXIVlVVLJHU.HUO JHZHVHQ6RZVWHULP 5DXVFK ZDU QFKWHUQ ZDU HU GHU YRUWUHIIOLFKVWH 0HQVFK 6HLQHQ 1DFKQDPHQ ZXWH QLH PDQGLQGHU6WDQL]D$OVHUYRUODQJHU=HLWDXV,ZDQRZR :RVQHVVHQVN ZR HLQH .RVDNHQKXQGHUWVFKDIW LQ *DUQLVRQ ODJYRP0LOLWlU]XUFNNDPKDWWHHUDXIHLQHU*HPHLQGH YHUVDPPOXQJ LP 6XII HUNOlUW Ä,KU KDEW HXFK PLW HXUHP =DUHQ $OH[DQGHU GHP 'ULWWHQ ,FK ELQ NHLQ =DU DEHU LFK ZLOO$OH[DQGHUGHU9LHUWHKHLHQZHQQLFKQLFKWDXIHXUHQ =DUHQKXVWH³ (VZDUHQLKPGDPDOVGXUFKbOWHVWHQVSUXFKGLH.RVDNHQ UHFKWH DEHUNDQQW XQG VHLQ /DQGDQWHLO HQW]RJHQ ZRUGHQ 2EHQGUHLQ KDWWH HU DXI GHP *HPHLQGHSODW] ZHJHQ 0L
EUDXFKV GHV +HUUVFKHUWLWHOV IQI]LJ .HXOHQKLHEH EHNRP PHQ $QVRQVWHQ VROOWH GLH 6DFKH LQ 6WLOOVFKZHLJHQ EHJUD EHQVHLQ1DFKEHHQGHWHU([HNXWLRQYHUEHXJWHVLFK$OH[ DQGHUGHU9LHUWHYRUVHLQHQ'RUIJHQRVVHQ6LFKGHQOHW]WHQ +RVHQNQRSI ]XPDFKHQG VDJWH HU Ä(UJHEHQVWHQ 'DQN PHLQH+HUUHQbOWHVWHQELOGHWHXFKEORQLFKWHLQLFKKlOW QXQ5HVSHNWYRUHXFK³ :XWHQWEUDQQWVWLHGHU$WDPDQVHLQHQ$WDPDQHQVWDEDXI GHQ %RGHQ Ä:HQQ GX NHLQHQ 5HVSHNW KDVW NULHJVW GX QRFKHLQH=XJDEH³ 1DFK GLHVHU =XJDEH KLHOW $OH[DQGHU GHU 9LHUWH GHQ 0XQG (U ZXUGH QDFK +DXVH JHWUDJHQ $EHU GHQ 1DPHQ $OH[DQGHU GHU 9LHUWH EHKLHOW HU ELV DQ VHLQ /HEHQVHQGH 3HWMDNDPDPIUKHQ$EHQG]XLKP'LH.DWHZDUOHHU,P 9RUUDXP NQDEEHUWH HLQH VFKPXW]LJEUDXQH =LHJH DQ .RKOVWUQNHQ 3HWMD JLQJ EHU GHQ +RI 'D K|UWH HU DXV GHP6FKXSSHQGHQ$OWHQNUlFK]HQÄ.RPPKHU-XQJH³ 3HWMDJLQJKLQXQGVDJWHJXWHQ$EHQG$EHUGHU$OWHVDK QLFKWDXI9RUQEHUJHEHXJWNQLHWHHUXQGVFKOXJ.HUEHQLQ HLQHQ 6WHLQ IU GHQ 'UHVFKIOHJHO 8QWHU GHQ +DPPHU VFKOlJHQ VSULW]WHQ JUDXH 6SOLWWHU XQG JUQH )XQNHQ DXI -DNRZ GHU 6RKQ GHV $OWHQ VWDQG JHEFNW EHL GHU .RUQ VFKZLQJHXQGKlPPHUWHHLQORVHV%OHFKIHVW :DUXP VLFK GLH ZRåV ]XP :LQWHU JHKW GLH $UEHLW PD FKHQ GDFKWH 3HWMD 'D WDW GHU $OWH QRFK HLQHQ OHW]WHQ +DPPHUVFKODJ XQG VDJWH RKQH 3HWMD DQ]XVHKHQ Ä:LU ZROOHQ GLH :LUWVFKDIW LQ JXWHU 2UGQXQJ ]XUFNODVVHQ 0HLQH$OWHLVWVRHLQUHFKWHU4XHUNRSI6WLPPWZDVQLFKW JOHLFKVFKUHLWVLH]HWHUPRUGLR0HLQHWKDOEHQKlOWåVOLHJHQ EOHLEHQN|QQHQZLHåVZDUDEHUZHQQPDQDQGLH6FKLPS IHUHLKHUQDFKGHQNW«+DXHQDEGLH .HUOVKHLWåVGDQQ XQGODVVHQDOOHVGUXQWHUXQGGUEHU]XUFN³
'LH $XJHQ GHV $OWHQ ODFKWHQ (U VWDQG DXI WlWVFKHOWH 3HWMD GHQ 1DFNHQ XQG VDJWH ]X -DNRZ Ä0DFK 6FKOX -DVFKD :LU KDEHQ PLW GHP :DONHU VHLQHP -XQJHQ PDQ FKHV]XEHUHGHQ³ -DNRZ VFKQDO]WH GHQ 5HVW GHU 1lJHO PLW GHQHQ HU GDV %OHFK IHVWJHKlPPHUW KDWWH YRQ GHQ /LSSHQ LQ GLH +DQG XQG WUDW ]X 3HWMD GHQ 0XQG ]X HLQHP EUHLWHQ /lFKHOQ YHU]RJHQÄ*UGLFK5RWHU³ Ä*XWHQ7DJ-DNRZ$OH[DQGUHZLWVFK³ Ä'XZLOOVWDOVRPLW"³ Ä,FK KDE GHP *URYDWHU KHXW PRUJHQ JHVDJW LFK JHK PLW³ Ä0LWGHP*HKHQLVWQRFKQLFKWVJHWDQ6RHLQHUHLQIlOWLJ LVW NDQQ HU VLFK QDFKWV VWLOO GDYRQVWHKOHQ ± DGH 6WDQL]D $EHUZLUVROOWHQGHPOLHEHQ+HLPDWRUWHLQNOHLQHV$QGHQ NHQKLQWHUODVVHQ:RHVXQVVRYLHO/LHEZHUWHVKLQWHUODVVHQ KDW'HQ9DWHUKDEHQVLHYHUSUJHOWPLFKDOVLFKQLFKWDQ GLH )URQW ZROOWH KDOEWRW JHSHLWVFKW JDQ] ]X VFKZHLJHQ YRQGHLQHP9DWHU³8QG-DNRZEHXJWHVLFKGLFKW]X3HWMD YRU'LHEXVFKLJHQ%UDXHQJHUXQ]HOWEUXPPWHHULKPLQV 2KU Ä'D VLH GLH /XPSHQ EHL XQV LQ GHQ 3IHUGHVWlOOHQ $UWLOOHULHPXQLWLRQ HLQJHODJHUW KDEHQ ZHLW GX GRFK" 'X KDVW GRFK JHVHKHQ ZLH VLH *UDQDWHQ XQG DOO GDV DQGHUH =HXJKHUJHEUDFKWKDEHQ"³ Ä-D³ Ä8QGZHQQZLUQXQVDJHQZLUHLQ6WUHLFKKRO]GUXQWHU KDOWHQ ± ZDV PHLQVW GX GD]X"³ 'HU $OWH VWLH 3HWMD PLW GHP (OOERJHQ LQ GLH 6HLWH XQG NLFKHUWH Ä8K ZLH VFKDX ULJ³ Ä'HU 9DWHU NULHJWåV *UXVHOQ VFKDXULJ VDJW HU LFK DEHU VHKH HV DQGHUV 'LH 5RWHQ VLQG EHLP 6WVFKHJROVNHU )HOG VWLPPWåV"³
Ä*HVWHUQ KDEHQ VLH GHQ .UXWHQVNL&KXWRU JHQRPPHQ³ HUZLGHUWH3HWMD Ä1D VLHKVW GX 8QG ZHQQ KLHU GDV 'HSRW LQ GLH /XIW IOLHJW GDQQ VLQG GLH .RVDNHQ 3URYLDQW XQG 0XQLWLRQ ORV XQG]LHKHQVLFK+DOVEHU.RSI]XP'RQH]]XUFN6RLVW GDV³ 'HU$OWHVWULFKVLFKGHQ%DUWXQGVDJWHÄ0RUJHQLQGHU )UK HKåV KHOO ZLUG VHL ZLHGHU GDKLHU XQG ZDUW DXI XQV %ULQJ DOOHV 1|WLJH IU GLH 5HLVH PLW 8P :HJ]HKU EUDXFKVWGXGLFKQLFKW]XNPPHUQ:LUQHKPHQUHLFKOLFK PLW³ $OV 3HWMD VFKRQ DQ GHU 3IRUWH ZDU ULHI LKP GHU $OWH QDFKÄ1LFKWEHUQ+RI$XIGHU6WUDHVLQG/HXWH6SULQJ EHUQ =DXQ XQG UHQQ GXUFK GLH 6WHSSH 9RUVLFKW LVW EHV VHU³6RVWLHJ3HWMDGHQQEHUQ=DXQVHW]WHEHUGHQ%DFK GHUVWHOOHQZHLVHPLWHLQHUGQQHQ(LVVFKLFKWEHGHFNWZDU XQG JLQJ DQ GHQ GVWHUHQ EHUHLIWHQ +HXVFKREHUQ KLQWHU GHP'RUIHQWODQJ]XVHLQHU.DWH
,Q GHU 1DFKW NDP 2VWZLQG DXI XQG EUDFKWH JURIORFNL JHQQDVVHQ6FKQHH,QMHGHU*DVVHLQMHGHP*HK|IWQLVWHWH 'XQNHOKHLW,QGHV9DWHUV0DQWHOJHKOOWWUDW3HWMDDXVGHU .DWH EOLHE HLQ :HLOFKHQ DP =DXQ VWHKHQ GHP .QDUUHQ GHU:HLGHQODXVFKHQGGLHGHU:LQGXQWHQDP)OXWLHI]XU (UGH ERJ XQG JLQJ ODQJVDP GLH 6WUDH KLQDE ]XP +RI $OH[DQGHUVGHV9LHUWHQ $XVGHP'XQNHOQNDPYRP6FKXSSHQKHUHLQH6WLPPH Ä%LVWGXåV3HWUXVFKND"³ Ä-DLFK³ Ä.RPPKHUDEHUJHKZHLWHUOLQNVGDVWHKHQGLH(JJHQ³ 3HWMD IDQG GHQ $OWHQ XQG -DNRZ LP 6FKXSSHQ ZLUW VFKDIWHQG (V ZDU VRZHLW 'HU $OWH EHNUHX]LJWH VLFK WDW
HLQHQ WLHIHQ 6FKQDXIHU XQG JLQJ ]XP 7RU 9RU GHU .LUFKH KVWHOWH HU KHLVHU XQG IOVWHUWH Ä3HWUXVFKD PHLQ 7lXE FKHQGXELVWIL[HUDOVZLUXQGIlOOVWQLFKWVRDXI6FKOHLFK EHUQ3ODW]]XP'HSRW'XZHLWGRFKZRDQGHU0DXHU 3DWURQHQNLVWHQVWHKHQ³ Ä-D³ Ä+LHUKDVWGX)HXHUVWHLQXQG6WDKOXQGGDVKLHULVW+DQI GHQLFKLQ3HWUROHXPJHWDXFKWKDE.ULHFKUEHUXQGGHFN GLFK JXW PLW GHP 0DQWHO DE ZHQQ GX )HXHU VFKOlJVW 6REDOG GHU +DQI EUHQQW VWHFNVW GX LKQ ]ZLVFKHQ GLH .L VWHQ XQG NRPPVW ]XUFN 6R XQG MHW]W JHK ZLU ZDUWHQ KLHUDXIGLFK+DENHLQH$QJVW³ 'HU$OWHXQG-DNRZNDXHUWHQVLFKDQGHU.LUFKHQPDXHU QLHGHUXQG3HWMDNURFKDXIGHP%DXFKGXUFKGHQIODXPL JHQ 6FKQHH ]XP 'HSRW 6HLQHQ DOWHQ 0DQWHO GXUFKERKUWH GHU :LQG ,Q EUHQQHQGHQ :HOOHQ OLHI LKP GLH .lOWH EHU GHQ 5FNHQ XQG VWDFK LQ GHQ )HQ 9RP HLVNDOWHQ (UG ERGHQ ZXUGHQ VHLQH +lQGH NODPP 3HWMD WDVWHWH VLFK DP 6FKXSSHQHQWODQJ(WZDIQI]HKQ6FKULWWYRULKPEHZHJWH VLFK ZLH HLQ JOLPPHQGHV 6WFNFKHQ .RKOH GLH =LJDUHWWH GHV 3RVWHQV 8QWHU GHQ 'DFKVSDUUHQ KHXOWH GHU :LQG NODSSHUWHHLQORVHV%UHWW$XVGHU5LFKWXQJZRGLH =LJD UHWWH JOKWH WUXJ GHU :LQG JHGlPSIWH 6WLPPHQ KHUEHU 3HWMDKRFNWHVLFKKLQ]RJGHQ0DQWHOEHUGHQ.RSI'HU 6WDKO WDQ]WH LQ VHLQHQ +lQGHQ GHU =XQGHU UXWVFKWH LKP LPPHU ZLHGHU DXV GHQ NODPPHQ )LQJHUQ *DQ] OHLVH ULHE GHU 6WDKO DP 5DQG GHV )HXHUVWHLQV DEHU 3HWMD PHLQWH HV PVVH ZHLW LQ GHU 5XQGH ]X K|UHQ VHLQ XQG GLH $QJVW VFKQUWH LKP ZLH HLQH NOHEULJH 1DWWHU GLH .HKOH ]X 'HU =XQGHU ZDU LQ GHQ +lQGHQ IHXFKW JHZRUGHQ XQG ZROOWH QLFKWEUHQQHQ1RFKHLQ6FKODJQRFKHLQHUHLQSXUSXUQHV )QNFKHQVFKZHOWHDXI,PQlFKVWHQ$XJHQEOLFNIODFNHUWH
GDV+DQIEQGHOKHOOXQGIUHFK0LW]LWWHUQGHU+DQGVWHFNWH HV 3HWMD XQWHU GLH .LVWHQ XQG VRJOHLFK VSUWH HU GHQ *H UXFKYRQVFKZHOHQGHP+RO](UVSUDQJDXIVFKRQK|UWHHU )H KHUDQWUDEHQ XQG GXPSIH LP 'XQNHOQ JHGlPSIWH 6WLPPHQUXIHQÄ)HXHU)HXHU6HKWLKUQLFKWGHQ6FKHLQ"³ 3HWMD ILQJ VLFK XQG VWU]WH LQ GDV ODXHUQGH 'XQNHO ,KP QDFK GU|KQWHQ 6FKVVH =ZHL .XJHOQ SILIIHQ EHU VHLQHQ .RSI HLQH GULWWH GXUFKIXUFKWH UHFKWV YRQ LKP GLH 1DFKW 1XQZDUHUIDVWDQGHU.LUFKHQPDXHU+LQWHULKPVFKULHHV JHOOHQG Ä)HXHU )HXHU (V EUHQQW³ 6FKVVH NUDFKWHQ 1XUELV]XU(FNHIXKUHVGXUFK3HWMDV.RSI(UQDKPDOOH .UDIW]XVDPPHQ XQG OLHI VR VFKQHOO GLH )H LKQ WUXJHQ 6WHFKHQGGU|KQWHHVLKPLUUGHQ2KUHQ1XUELV]XU(FNH (LQKHLHU6FKPHU]GXUFK]XFNWHVHLQ%HLQ+XPSHOQGOLHI HUQRFKHLQSDDU6FKULWWHZHLWHU8QWHUKDOEGHV.QLHVUDQQ HWZDV 1DVVHV :DUPHV GDV %HLQ KLQDE (U VWU]WH 5DS SHOWH VLFK DXI XQG NURFK DXI DOOHQ YLHUHQ LP 0DQWHO YHU KHGGHUWUXFNZHLVHYRUZlUWV /DQJ ZDU GHP $OWHQ XQG -DNRZ GDV :DUWHQ JHZRUGHQ +LQWHU GHU 0DXHU ]HUUWH GHU :LQG DP *ORFNHQVWULFN EUDFKWHGHQ.O|SSHOGHUNOHLQHQ*ORFNHQ]XP6FKZLQJHQ XQG HQWORFNWH LKQHQ HLQHQ OHLVHQ 0LWRQ 6FKOLHOLFK ZXUGHQ LQ GHU 'XQNHOKHLW KLQWHU GHQ /DJHUEDUDFNHQ GLH ]X EXFNOLJHQ +JHOQ HUVWDUUW ODJHQ PLWWHQ DXI GHP 3ODW] GXPSIH YRP :LQG ]HUULVVHQH 6WLPPHQ ODXW 'DQQ OHFNWH HLQH JHOEURWH )ODPPHQ]XQJH LQ GLH )LQVWHUQLV HLQ 6FKX NUDFKWH GDQQ QRFK HLQHU HLQ GULWWHU « (LQ 5DVFKHOQ DQ GHU 0DXHU NHXFKHQGHU $WHP HLQH JHSUHWH 6WLPPH Ä9lWHUFKHQKLOIPLU«0HLQ%HLQ³ 'HU$OWHXQGVHLQ6RKQSDFNWHQ3HWMDKREHQLKQDXIXQG WDXFKWHQ PLW LKUHU /DVW LQV 'XQNHO HLQHU *DVVH 6LH UDQQ WHQ VWROSHUWHQ ILHOHQ UDQQWHQ ZHLWHU =ZHL 6WUDHQ ODJHQ
VFKRQ KLQWHU LKQHQ DOV YRP 7XUP 6WXUPOlXWHQ ORVEUDFK XQG VLFK GLH 6WLOOH GXUFKSHLWVFKHQG EHU GDV VFKODIHQGH 'RUIHUJR+HLVHUNHXFKWHGHU$OWHQHEHQ3HWMDLQZLOGHU +DVW OLHIHQ GLH %HLQH VHLQ IOLHJHQGHU %DUW NLW]HOWH 3HWMDV *HVLFKW
Ä9DWHULQGLH*lUWHQLQGLH*lUWHQ³ 6LHVSUDQJHQEHUHLQHQ*UDEHQVFK|SIWHQ/XIW 'D ZDU HV DOV EHUVWH XQWHUP 'RUI GLH (UGH +|KHU DOV GHU *ORFNHQWXUP VFKR HLQH ULHVLJH VFKDUODFKURWH )HXHU VlXOHHPSRUYRQ4XDOPVFKZDGHQ XPZDOOW (LQH 'HWRQD WLRQMDJWHGLHDQGHUH'DQQZXUGHHVVWLOO,PJDQ]HQ'RUI EHJDQQHQSO|W]OLFKGLH+XQGH]XEHOOHQGDV6WXUPJHOlXW GDVYHUVWXPPWZDUEUDFKPLWQHXHU*HZDOWORVhEHUGHQ +|IHQKLQJ:HLEHUJHVFKUHLLQGHU/XIW8QGDXIGHP3ODW] OHFNWHHLQORGHUQGHV JHOEHV )ODPPHQPHHUYHUVFKODQJ GLH HLQVWU]HQGHQ :lQGH GHV 'HSRWV 6FKRQ VWUHFNWH HV GLH ODQJHQ$UPHQDFKGHP3IDUUKRIDXV
-DNRZ KRFNWH VLFK KLQWHU HLQHQ NDKOHQ 'RUQEXVFK XQG VDJWH OHLVH Ä)OLHKHQ LVW MHW]W XQP|JOLFK :LU NRPPHQ QLFKW PHKU IRUW ,P 2UW LVWåV VR KHOO GD PDQ HLQH 1DGHO ILQGHW6HKWGRFKZLHGLH)ODPPHQORGHUQ8QGGDQQZLOO DXFK3HWMDV%HLQQDFKJHVHKHQZHUGHQ³ Ä:LU PVVHQ KLHU ELV ]XP 0RUJHQJUDXHQ ZDUWHQ 'DQQ ZHUGHQ VLFK GLH /HXWH EHUXKLJW KDEHQ XQG ZLU VFKODJHQ XQV]XP:DOGGXUFK]XP)RUVW³ Ä%LVWHLQDOWHU0DQQ9DWHUDEHU9HUVWDQGKDVWGXZLHåQ NOHLQHV.LQG,VWåVGHQQGHQNEDULQGHU6WDQL]D]XEOHLEHQ ZR XQV MHW]W DOOH VXFKHQ" $XFK ]X +DXVH VFKQDSSW PDQ XQV.HLQHULP'RUILVWVRYHUGlFKWLJZLHZLU³ Ä6WLPPW-DVFKD5HFKWKDVWGX³ Ä.|QQHQZLUQLFKWGHQ7DJEHULP6FKXSSHQDXIXQVH UHP+RI DEZDUWHQ"³ IUDJWH 3HWMD PLW VFKPHU]YHU]RJHQHP *HVLFKW Ä'DVOlWVLFKK|UHQ+DEWLKU*HUPSHOGRUWOLHJHQ"³ Ä(LQHQ+DXIHQWURFNHQHQ3IHUGHPLVW]XP+HL]HQ³ Ä'DQQ ORV $EHU PLW DOOHU 9RUVLFKW :R ZLOOVW GX GHQQ KLQ9DWHUPLWWHQGXUFKGLH6WDQL]D"/LHEHUKLQWHQUXPGD LVWåVVLFKHUHU³
%LV ]XP 0RUJHQ KDWWHQ -DNRZ XQG 3HWMD XQWHU GHQ 0LVWZUIHOQ HLQ WLHIHV /RFK LQ GLH (UGH JHJUDEHQ =XP 6FKXW] JHJHQ GLH .lOWH OHJWHQ VLH HV XQWHQ XQG DQ GHQ 6HLWHQ PLW WURFNHQHP /DWWLFK DXV XQG GLFKWHWHQ HV REHQ PLW GUUHU $FNHUZLQGH XQG PLW 0HORQHQUDQNHQ DE GLH JOHLFKIDOOV ]XP +HL]HQ EHVWLPPW ZDUHQ -DNRZ UL HLQ 6WFN YRQ VHLQHP +HPG DE XQG YHUEDQG 3HWMDV GXUFK VFKRVVHQHV %HLQ %LV ]XP $EHQG VDHQ VLH ]X GULWW LQ LKUHP 9HUVWHFN $P 0RUJHQ ZDUHQ /HXWH DXI GHQ +RI JHNRPPHQ0DQKDWWHJHGlPSIWH6WLPPHQXQGHLQ6FKOR
NOLUUHQJHK|UWGDQQKDWWHJDQ]LQGHU1lKHMHPDQGJHVDJW Ä'HU:DONHUVMXQJHLVWVLFKHUGUDXHQ]XU$UEHLW /DGDV 6FKORKlQJHQVDJLFK:R]XEUDXFKVWGXGDV'LQJ"'HU :DONHU KDW MD EOR /lXVH XQG VWLQNHQGH :ROOH LQ VHLQHU %XGHGDLVWQLFKWV]XKROHQ³ 'DQQYHUORUHQVLFKGLH6FKULWWHKLQWHUGHP6FKXSSHQ,Q GHU 1DFKW VHW]WH XQYHUPLWWHOW VWDUNH .lOWH HLQ 6FKRQ DP $EHQGKDWWHPDQJHK|UWZLHDXIGHU6WUDHGLHQRFKYRP +HUEVW KHU PLW )HXFKWLJNHLW JHVlWWLJWH (UGH EDUVW hEHU GHQ +LPPHO MDJWHQ IORFNLJH :RONHQ XQG HLQ VFKLHIHU 0RQG]RJJHVFKlIWLJVHLQH%DKQ$XVWLHIEODXHQ/LFKWXQ JHQ EOLQ]HOWHQ ORFNHQGH 6WHUQH 'XUFKV VFKDGKDIWH 'DFK VFKDXWHGLH1DFKWLQGHQ6FKXSSHQ(VZDU ZDUPLQGHP /RFK XQWHU GHQ :UIHOQ 0LVW 'HU DOWH $OH[DQGHU VFKOLHI PLW GHP .LQQ DXI GHQ KRFKJH]RJHQHQ .QLHQ XQG VFKQDUFKWH PDQFKPDO EHZHJWH HU GLH %HLQH 3HWMD XQG -DNRZXQWHUKLHOWHQVLFKOHLVH Ä9DWHU ZDFK GRFK DXI :DQQ ZLUVW GX HQGOLFK DXIZD FKHQ":LUPVVHQIRUW³ Ä:DDV":LUPVVHQIRUW"1DVFK|Q³ 9RUVLFKWLJ UlXPWHQVLHGLH:UIHO0LVWEHULKUHP 9HU VWHFNEHLVHLWH'DQQ|IIQHWHQVLHGLH7UHLQHQ6SDOWEUHLW $XIGHP+RIXQGLQGHU*DVVH ZDU NHLQH 0HQVFKHQVHHOH ]XHUEOLFNHQ1XQODJ GDV OHW]WH *HK|IW GHV 'RUIHV KLQWHU LKQHQ 6LH NOHWWHUWHQ GLH %|VFKXQJ KLQDXI KLHOWHQ $XV VFKDXXQGJLQJHQEHUXKLJWGHP:DOG]X Ä1DFK6WVFKHJROVN]XLVWHVJHIlKUOLFK:LUZLVVHQQLFKW %HVFKHLG +LHU PX LUJHQGZR GLH )URQW VHLQ ZLU N|QQHQ GHQ:HLHQLQGLH$UPHODXIHQ³ -DNRZ]RJGHQ.RSIHLQXQGPKWHVLFKODQJH]ZLVFKHQ GHQ DXIJHNQ|SIWHQ 0DQWHOKlOIWHQ )HXHU ]X VFKODJHQ *OKHQGH7URSIHQVSUKWHQPLWWURFNHQHP*HUlXVFKULHE
6WDKO DQ )HXHUVWHLQ 6FKOLHOLFK HQW]QGHWH VLFK GHU PLW 6RQQHQEOXPHQVWDXE EHVWUHXWH =XQGHU XQG EHJDQQ PLW EOHP *HUXFK ]X TXDOPHQ -DNRZ QDKP ]ZHL WLHIH =JH GDQQ HUVW DQWZRUWHWH HU GHP 9DWHU Ä,FK GHQNH ZLU JHKHQ ]XP)|UVWHU'DQLOD'HQNHQQHQZLUGRFKJXW(UNDQQXQV VDJHQ ZLH ZLU GXUFK GLH 6WHOOXQJHQ NRPPHQ 'RUW NULH JHQ ZLU DXFK XQVHUHQ 3HWMD HLQ ELFKHQ ZDUP VRQVW HU IULHUWHUXQVQRFKJlQ]OLFK³ Ä,FKIULHUJDUQLFKWVRVFKOLPP³ Ä+DOW GLH .ODSSH .OHLQHU UHGH QLFKW 'HLQ 0DQWHO LVW PHKUIU6RQQHQKLW]HJHEDXWDOVIUGLH.lOWH³ Ä/RV -DVFKD ZLU PVVHQ ZHLWHU 6FKDX ZLH KRFK GDV 6LHEHQJHVWLUQVFKRQVWHKWEDOGLVW0LWWHUQDFKW³VDJWHGHU $OWH (WZDIQI]LJ6FKULWWYRUGHP)|UVWHUKDXVKLHOWHQVLHDQ 'DV )HQVWHU ZDU HUOHXFKWHW DXV GHP 6FKRUQVWHLQ VWLHJ WUlJHU 5DXFK 'LH 0RQGVLFKHO KLQJ JHIlKUOLFK VFKLHI EHUP:DOG Ä6FKHLQWDOOHVLQ2UGQXQJ9RUZlUWV³ 8QWHUP6FKXSSHQEHOOWHHLQ+XQGORV'LHYHUHLVWHQ6WX IHQGHU9RUWUHSSHNQDUUWHQ 6LHNORSIWHQÄ,VWGHU)|UVWHUGD"³ (LQ%DUWSUHWHVLFKYRQLQQHQDQV)HQVWHUÄ-D8QGZHQ IKUWGHU+HUUJRWWKHU"³Ä:LUVLQGåV%UDYH /HXWH'DQLOD /XELWVFK8P&KULVWLZLOOHQODXQVUHLQZLUZROOHQXQV DXIZlUPHQ³ ,P 9RUUDXP TXLHWVFKWH HLQH 7U GDQQ ZXUGH PLW .UD FKHQHLQ5LHJHO]XUFNJHVFKREHQ$XIGHU6FKZHOOHVWDQG GHU )|UVWHU GLH 5HFKWH VFKW]HQG EHU GLH $XJHQ JHOHJW ,Q GHU /LQNHQ KLHOW HU DXI GHP 5FNHQ YHUVWHFNW HLQ *HZHKUÄ1HLQVRZDV*URYDWHU$OH[DQGHUELVWGXåV"³ Ä1DJHZLGRFK%HKlOWVWGXXQVEHU1DFKWKLHU"³
Ä0DOVHKHQ«1DVFK|QNRPPWUHLQ:HUGHQVFKRQDOOH 3ODW]KDEHQ³ 'DV6WEFKHQZDUVWDUNJHKHL]W1HEHQGHP2IHQODJHQ GUHL DXI 3IHUGHGHFNHQ GLH 6lWWHO XQWHUP .RSI 'LH *H ZHKUH OHKQWHQ LQ GHU (FNH -DNRZ ZLFK ]XU 7U ]XUFN Ä:HQKDVWGXGD)|UVWHU"³ 9RQ HLQHU 3IHUGHGHFNH DQWZRUWHWH HV Ä'X KDVW ZRKO YHUJHVVHQ ZLH .RVDNHQ DXVVHKHQ" :LU ODXHUQ KLHU DXI HXFK VFKRQ VHLW JHVWHUQ DEHQG +DEHQ XQV JHGDFKW GHQ 6WDDWOLFKHQ )RUVW XQG 'DQLODV +DXV ZHUGHW LKU QLFKW XP JHKHQ N|QQHQ 1D OHJW DE ZHUWH *lVWH -HW]W ZLUG JH VFKODIHQXQGPRUJHQIUKJHKWåVRKQH8PVWHLJHQDXIGLH =DUHQVFKDXNHO 'HU 6WULFN ZHLQW VFKRQ QDFK HXFK³ 6LH VWDQGHQDXIKROWHQGLH *HZHKUHÄ%LQGGHQ%UDQGVWLIWHUQ GLH+lQGH6HPMRQ³ =ZHLODJHQDXILKUHQ'HFNHQGHUGULWWHVDPLWKlQJHQ GHP .RSI DP 7LVFK GDV *HZHKU ]ZLVFKHQ GHQ %HLQHQ 'HU )|UVWHU ZDUI HLQH 0DWWH DXI GHQ %RGHQ Ä/HJ GLFK GUDXI *URYDWHU $OH[DQGHU 6R KDVW GXåV ZHLFKHU IU GHLQH.QRFKHQ³ Ä3DGXDXIGX0HQVFKYROO0LWOHLGGDGXGLFKQLFKW VHOEHU DXI GLH 0DWWH EHWWHVW +|U )|UVWHU ZHJ PLW GHU 0DWWH 'LH KDEHQ GDV 'HSRW DQJHVWHFNW :HU VR ZDV WXW NDQQJHWURVWGUDXHQEHLP+XQGLQGHU.lOWHNDPSLHUHQ³ *HJHQ0RUJHQVDJWHGHU$OWHÄ/DPLFKUDXV6|KQFKHQ LFKPXPDO³ Ä3L UXKLJ LQ GLH +RVHQ $OWHU RGHU LQ GLH )LO]VWLHIHO 0RUJHQZHQQGXKlQJVWWURFNQHWGDVVFKRQ³ :LQWHUOLFK NUlQNOLFKHV )UKOLFKW VWUHLIWH GLH )HQVWHU VFKHLEHQ 'LH .RVDNHQ VWDQGHQ DXI ZXVFKHQ VLFK XQG VHW]WHQ VLFK DQ GHQ 7LVFK ]XP )UKVWFN 8QEHPHUNW
IOVWHUWH -DNRZ GHP 9DWHU XQG 3HWMD ]X Ä0HLQHQ 6WULFN KDE LFK EHU 1DFKW GQQ JHVFKHXHUW 6RZLH ZLU LQ GHU 6WDQL]DVLQGVSULW]HQZLUDXVHLQDQGHU5HLQLQGLH*lUWHQ XQGDXIGHQ%HUJ]XU+|KOHZRZLULPPHU6WHLQHJHEUR FKHQKDEHQ'DVROOHQVLH]XVHKHQZLHVLHXQVNULHJHQ³ $OV VLH DEJHIKUW ZXUGHQ KLQNWH 3HWMD VWDUN DXI GHP YHUZXQGHWHQ %HLQ HV VFKPHU]WH VR VHKU GD HU PLW GHQ =lKQHQNQLUVFKWH 1XQODJGLH6WDQL]DYRULKQHQ:LHHLQ:HLEGDVVLFKLQ )LHEHUJOXWZlO]WKDWWHHVGLHJUDXHQ=RWWHOQVHLQHU*lUWHQ XPVLFKJHZRUIHQ$OVVLHLQGLHHUVWH*DVVHHLQERJHQUL -DVFKDPLWYHU]HUUWHPEOXWOHHUHP0XQGGHQ6WULFNGXUFK ,P =LFN]DFN UDQQWH HU GXUFK GHQ 6FKQHH ]X GHQ *lUWHQ 'HU$OWHXQG3HWMDOLHIHQHEHQIDOOVORVMHGHULQHLQHDQGH UH5LFKWXQJ+LQWHULKQHQEUOOWHHVÄ+DOWVWHKHQEOHLEHQ 9HUIOXFKWHV3DFN³ 6FKVVH XQG 3IHUGHJHWUDSSHO 3HWMD VSUDQJ EHU HLQHQ *UDEHQXQGEOLFNWH]XUFN 'HU DOWH $OH[DQGHU ODJ DXI GHP %RGHQ HLQ .RSIVFKX KDWWHLKQQLHGHUJHVWUHFNWVHLQH%HLQH]XFNWHQLQGHU/XIW 'HU%HUJPLWVHLQHUVFKQHHXPJUWHWHQ.XSSHOLHILKQHQ HQWJHJHQ :LH OHHUH $XJHQK|KOHQ EOLFNWHQ GLH VFKZDU]HQ /|FKHU DXV GHQHQ GLH .RVDNHQ LKUH 6WHLQH JHKROW KDWWHQ -DNRZVSUDQJDOVHUVWHULQHLQVKLQHLQ3HWMDIROJWHLKP 6LHNURFKHQGXUFKIHXFKWHGXQNOH*lQJHGDVVSLW]H*H VWHLQ ]HUIHW]WH LKUH .OHLGHU XQG UL LKQHQ GLH +DXW EOXWLJ -DNRZVWLH3HWMDPLWGHP6WLHIHOLQV*HVLFKW$OVVLFKGHU XQWHULUGLVFKH *DQJ JDEHOWH NURFKHQ VLH QDFK OLQNV $Q 3HWMDV+lQGHQNOHEWHNDOWHU/HKPYRQREHQWURSIWHHVLKP LQGHQ.UDJHQ6LHNDPHQDQHLQ(UGORFKNOHWWHUWHQKLQDE XQGNDXHUWHQVLFKQHEHQHLQDQGHU Ä2*RWW'HQ9DWHUKDWåVHUZLVFKW³IOVWHUWH-DNRZ
Ä%HLP*UDEHQZDUåV³ ,KUH 6WLPPHQ ZDUHQ JHSUHW ZLH IUHPG 'LH )LQVWHUQLV GUFNWHLKQHQ DXI GHQ /LGHUQ Ä-HW]W KXQJHUQ VLH XQV DXV 3HWMD ZLH GHQ ,OWLV LP %DX $EHU YLHOOHLFKW ZHU ZHL +LHUKHU ZDJHQ VLH VLFK QLFKW GD KDEHQ VLH $QJVW 'LH /|FKHUXQG*lQJHKDEHQZLUVFKRQYRUPGHXWVFKHQ.ULHJ JHEXGGHOW GHU 9DWHU XQG LFK ,FK NHQQH PLFK KLHU DXV .RPPZHLWHUJHKWåV³ 6LH NURFKHQ ZHLWHU :HQQ VLH DQ HLQH :DQG VWLHHQ PDFKWHQVLHNHKUWXQGVXFKWHQHLQHQDQGHUHQ:HJ
=ZHL7DJHODQJZDUGLH]lKNOHEULJH)LQVWHUQLVXPVLH 'LH6WLOOHNODQJLKQHQLQGHQ2KUHQ6HOWHQILHOHLQ:RUW 0HLVWVFKOLHIHQVLHDEHUDXFKLP6FKODIZDULKU2KUKHOO ZDFKhEHUVLFKK|UWHQVLH:DVVHULQGHU(UGHJXUJHOQ6LH ZDFKWHQDXIXQGVFKOLHIHQZLHGHUHLQ6FKOLHOLFKWDSSWHQ VLH VLFK ZLH EOLQGH MXQJH +XQGH JHJHQ GLH :lQGH VWR HQG]XP$XVJDQJYRU6LHLUUWHQODQJHXPKHUELVLKQHQ MlKOLQJV JUHOOHV VFKPHU]HQGHV /LFKW HQWJHJHQVFKOXJ $P (LQJDQJ GHU )HOVHQK|KOH IDQGHQ VLH $VFKHQKlXIFKHQ =LJDUHWWHQVWXPPHO XQG GLH 6SXUHQ YRQ XQ]lKOLJHQ 6WLH IHOQ$EHUDOVLKU%OLFNZHLWHUJLQJVDKHQVLHDXIGHU6WUD H ]XU 6WDQL]D LQ ODQJHP =XJ .DYDOOHULH UHLWHQ DXI 3IHU GHQ PLW JHVWXW]WHP 6FKZHLI XQG GDKLQWHU GLH JUDXHQ +DXIHQ GHU ,QIDQWHULH +LPEHHUURWH )DKQHQ IODWWHUWHQ LP :LQGH +HUEHU GUDQJHQ 6WLPPHQJHZLUU /DFKHQ %H IHKOVUXIH GDV .QLUVFKHQ GHU 6FKOLWWHQNXIHQ 0LW HLQHP 6DW]ZDUHQVLHGUDXHQ5DQQWHQORVVWROSHUWHQILHOHQKLQ -DNRZZLQNWHPLWGHQ$UPHQXQGVFKULHPLWKRKHUVFKULO OHU6WLPPHÄ%UGHU5RWH*HQRVVHQ³ 'LH5HLWHUHLEDOOWHVLFK]XHLQHU 7UDXEH EUDXQHU 3IHUGH OHLEHU 9RQ KLQWHQ GUlQJWH YHUGUHFNWH ,QIDQWHULH UDQ
6FKOXFK]HQGXQG]LWWHUQGNWH-DNRZGLH6WHLJEJHOXQG GLHEHVFKODJHQHQ6WLHIHOGHU5RWDUPLVWHQ3HWMDZXUGHYRQ VWDUNHQ $UPHQ JHSDFNW DXI HLQHQ 6FKOLWWHQ LQ GXIWHQGHV 6WHSSHQKHXJHEHWWHWXQGPLW6ROGDWHQPlQWHOQ]XJHGHFNW /HLVH VFKDXNHOWH GHU 6FKOLWWHQ 'LH 0lQWHO URFKHQ YHU WUDXW QDFK VDXUHP 6FKZHL VR KDWWH 9DWHUV +HPG JHUR FKHQ Ä/HEVWGX)UHXQG":LOOVWGXåQHQ=ZLHEDFN"³ (LQH+DQG VFKRE 3HWMD ZHLFKJHNDXWHQ =ZLHEDFN LQ GHQ VWDUUHQ0XQGXQGULHE PLW UDXKZROOQHQ )lXVWOLQJHQ VHLQH HUIURUHQHQ )LQJHU 3HWMD ZROOWH HWZDV VDJHQ DEHU VHLQ 0XQGZDUYROO5RJJHQEUHLXQGLQGHU.HKOHZUJWHQLKQ 7UlQHQ'DQDKPHUGLHKDUWHGXQNOH+DQGXQGSUHWHVLH IHVWDQVHLQH%UXVW
'DV+DXVJURXQGPLW%OHFKJHGHFNWKDWWH]XU6WUDH VHFKV OXVWLJH )HQVWHU PLW EODXJHVWULFKHQHQ /lGHQ )UKHU KDWWH GHU $WDPDQ KLHU JHZRKQW QXQ ZDU HV GHU .OXE GHU -XJHQG]HOOH 0DQ VFKULHE GDV -DKU (V ZDU HLQ IHXFKWNDOWHUPUULVFKHU6HSWHPEHUGXQNOH1DFKWODJEHU GHQ*lUWHQXQG*DVVHQ ,P .OXE ZDU 9HUVDPPOXQJ 7DEDNTXDOP 6WLPPHQJH ZLUU'HQ9RUVLW]IKUWH3HWMD.UHPQMRZGHU6HNUHWlUGHU .RPVRPRO]HOOH 1HEHQ LKP VD *ULJRUL 5DVNRZ HLQ 0LWJOLHG GHV =HOOHQEURV 0DQ EHVSUDFK HLQH ZLFKWLJH )UDJH GLH %HVWHOOXQJ GHV )HOGDEVFKQLWWV GHQ GLH $EWHL OXQJIU/DQGZLUWVFKDIWGHU=HOOH]XJHZLHVHQKDWWH (LQHKDOEH6WXQGHVSlWHUKLHHVLP3URWRNROO Ä*HK|UW %HULFKW GHV *HQRVVHQ 5DVNRZ EHU GLH )HOG YHUPHVVXQJLP.UXWHQVNL5HYLHU %HVFKORVVHQ 'LH *HQRVVHQ 5DVNRZ XQG .UHPQMRZ ZHUGHQ EHDXIWUDJW GDV )HOG VFKQHOOVWHQV ]X EHVLFKWLJHQ
XQG]XYHUPHVVHQ³ 0DQ O|VFKWH GLH /DPSH 6WLHIHO SROWHUWHQ HLOLJ EHU GLH 9RUWUHSSH3HWMDVWDQGQRFKHLQ:HLOFKHQDQGHU(FNHXQG EOLFNWH 5DVNRZV ZHLHP +HPG QDFK GDV GXUFK GLH PLO FKLJH 'XQNHOKHLW GDYRQVFKZDQNWH 6HLQH 6WLPPH KDOOWH GXUFK GLH 6WLOOH GHU 6WDQL]D Ä*ULVFKD VFKODJ GLU GDV )XKUZHUN DXV GHP .RSI 'LH /HXWH SIOJHQ GRFK VFKRQ :LUJHKHQ]X)X³
%OHLFKVFKWLJHV )UKURW $XI GHP IHVWJHVWDPSIWHQ :HJ ZDUNU]OLFKGLH+HUGHJHWURWWHW'LH6SLW]HQGHV:HUPXW NUDXWV KLQJHQ YROO 6WDXE hEHU GHQ +JHO ]RJHQ 3IOJH PLW 2FKVHQJHVSDQQHQ 'HU :LQG ZLUEHOWH GLH 5XIH GHU 7UHLEHUXQGGDV6DXVHQXQG.QDOOHQGHU3HLWVFKHQKHUEHU 3HWMDXQG*ULJRULJLQJHQVFKZHLJHQG$OVGLH6RQQHLP 0LWWDJ VWDQG ZDUHQ VLH EHLP 5HYLHU 9RQ GHU 7HQQH ZR GLH 'UHVFKPDVFKLQH WXFNHUWH ULHI HLQH KHOOH 0lGFKHQ VWLPPH Ä*DUSLVFKD VFKDX QXU GLH 5RWHQ VLQG DQJHNRP PHQ³ %LV ]XP $EHQG VXFKWHQ VLH GHQ 5HYLHUYRUVWHKHU 6LH DHQEHLLKPGXIWHQGH0HORQHQLKU )HOGZROOWHQVLHVLFK DQGHUQWDJVDQVHKHQ'DV1DFKWODJHUKDWWHLKQHQGLH%lXH ULQLP9RUUDXPEHUHLWHW*ULVFKDZDUVRJOHLFKHLQJHVFKOD IHQ 3HWMD KLQJHJHQ ZlO]WH VLFK QRFK ODQJH UXP ILQJ XQ WHUP 6FKDIIHOO )O|KH XQG EHUOHJWH ZDV IU HLQ )HOG GHU VFKODXH9RUVWHKHULKQHQZRKO]XVFKLHEHQZUGH 8P0LWWHUQDFKWNQLUVFKWHGHU7UULHJHO'HU%DXHUZDUI YRQ GHU 7UVFKZHOOH DXV HLQHQ %OLFN QDFK GHP 6WHUQHQ KLPPHOXQGJLQJLQGHQ 6WDOO XP GDV 3IHUGHIXWWHU HLQ]X UKUHQ 'HU %UXQQHQVFKZHQJHO NQDUUWH LQ GHU 6WHSSH ZLHKHUWH NODJHQG HLQ )RKOHQ 6WLPPHQ HUW|QWHQ DXI GHP +RI3HWMDZDFKWHDXI
*ULJRUL NQLUVFKWH LP 6FKODI PLW GHQ =lKQHQ XQG ZDUI VLFKDXIGLHDQGHUH 6HLWH Ä'DV 6WHUEHQ LVW NHLQH .OHLQLJ NHLW %UXGHU³ NDP HV JHSUHW DEHU GHXWOLFK YRQ VHLQHQ /LSSHQ 'HQ9RUUDXPEHWUDWSROWHUQGGHU9RUVWHKHUÄ+H-XQJHQV³ Ä:DVLVWORV"³ Ä:HL GHU 7HXIHO ZDV ORV LVW (EHQ LVW HLQ %DXHU YRP :HVKLQVNHU &KXWRU ]XUFNJHNRPPHQ GHU VDJW GLH 0DFKQR/HXWH VLQG LP $QPDUVFK 0DFKW HXFK DXI GLH 6RFNHQ-XQJHQVDEHUVFKQHOO³ 3HWMDEUXPPWHVFKODIWUXQNHQÄ8QGGDV)HOG"0LPRU JHQHUVWGHQ$FNHUDEGDQQJHKHQZLU6ROOHQZLUXPVRQVW KHUJHVWLHIHOWVHLQ"³ .XU]YRU7DJKDWWH3HWMDHLQHQ7UDXP(UZDUDXIHLQHU 9HUVDPPOXQJ LP .UHLVNRPLWHH MHPDQG JLQJ GU|KQHQG EHUV 'DFK XQG EHL MHGHP 6FKULWW ERJHQ VLFK GLH 'DFK EDONHQ $OVHUDXIZDFKWHK|UWHHU*HVFKW]GRQQHU$QJVWGXUFK VFKDXHUWH VHLQ +HU] 5DVFK NOHLGHWHQ VLH VLFK DQ XQG JLQ JHQ KLQDXV PLW GHP 0HVWDE GLH NOlIIHQGHQ +XQGH DE ZHKUHQG Ä:LHYLHO :HUVW VLQGåV ELV :HVKLQVNL"³ IUDJWH *ULJRUL 1DFKGHQNOLFKSIOFNWHHUGLHSXUSXUQHQ%OWHQEOlWWHUYRQ HLQHU+XQGVQHONH Ä$QGLHGUHLLJGHQNLFK³ Ä'DQQVFKDIIHQZLUåV³ 6LHJLQJHQGXUFK0HORQHQIHOGHUXQGVWLHJHQHLQH$QK| KHKLQDQ3HWMDV3DWURQHQWDVFKHILHO]X%RGHQ$OVHUVLFK XPGUHKWH XP VLH DXI]XKHEHQ EHNDP HU HLQHQ +HLGHQ VFKUHFN9RP%HUJKLQWHUP&KXWRUNDPHQVLHLQJHRUGQH WHQ5HLKHQ]X7DOJHULWWHQ'HUYRUGHUVWH5HLWHUKLHOWHLQH VFKZDU]H)DKQHGLHZLHGHU)OJHOHLQHVDQJHVFKRVVHQHQ
9RJHOVIODWWHUWH Ä9HUIOXFKW³ Ä%DUPKHU]LJHU *RWW³ PXUPHOWH *ULJRUL PLW EHEHQGHQ /LSSHQVHLQ*HVLFKWZDUIDKOJUDX'HU9RUVWHKHUOLHGHQ 0HVWRFNIDOOHQ XQG JULII PHFKDQLVFK LQ GLH 7DVFKH QDFK GHP7DEDNEHXWHO3HWMDKHW]WHGLH%|VFKXQJKLQDE*ULJR UL IROJWH LKP :LH ODQJVDP GLH %HLQH VLFK EHZHJWHQ ZLH 6FKLOGNU|WHQEHLQH 'RFK GDV +HU] KlPPHUWH ]XP =HU VSULQJHQGHU0XQGZDUKHLXQGWURFNHQ'UXQWHQLQGHU 6FKOXFKW ZR HLQ %DFK SOlWVFKHUWH ZDU GLH /XIW IHXFKW XQG HV URFK QDFK 6FKODPP 'LH )H VDQNHQ HLQ 3HWMD VWUHLIWH LP /DXI GLH 6WLHIHO DE XQG SDFNWH GDV *HZHKU IHVWHU*ULJRULV*HVLFKWZDUJUQGHU0XQGYHU]HUUWVHLQ $WHPJLQJSIHLIHQG(UILHOKLQXQGZDUIGDV*HZHKUZHLW YRQVLFK Ä:LUI GHLQV DXFK ZHJ 3HWMD :HQQ VLH XQV NULHJHQ VFKODJHQVLHXQVWRW³ 3HWMDV *HVLFKW YHU]RJ VLFK YRU :XW Ä%LVW GX YHUUFNW JHZRUGHQ"/RVQLPPGDV*HZHKUDXIIHLJHV$DV³ *ULJRUL]RJGDV*HZHKUZLGHUZLOOLJDP5LHPHQ]XVLFK UDQ 0LW VFKZHUHQ IHLQGVHOLJHQ %OLFNHQ GXUFKERKUWHQ VLH HLQDQGHU :LHGHUOLHIHQVLH0LWWHQLQGHU6FKOXFKWVWU]WH*ULJRUL UFNOLQJVQLHGHUXQGEOLHEOLHJHQ=lKQHNQLUVFKHQGSDFNWH 3HWMDGHQVFKPlFKWLJHQ.|USHUGHV)UHXQGHVXQG]RJLKQ DQ GHQ 6FKXOWHUQ ZHLWHU 'LH 6FKOXFKW JDEHOWH VLFK GHU %HUJHLQVFKQLWW ]XU 5HFKWHQ PLW JUDXHP :HUPXWNUDXW EHZDFKVHQ XQG PLW 3IHUGHNQRFKHQ EHGHFNW VWLH DQ HLQ )HOG 'RUW VWDQG HLQ /HLWHUZDJHQ QHEHQ GHP HLQ %DXHU ]ZHL3IHUGHYRUHLQHQ3IOXJVSDQQWH Ä'LH3IHUGHKHU:LU PVVHQ ]XU 6WDQL]D 'LH 0DFKQR /HXWHVLQGKLQWHUXQVKHU³
3HWMDIDWHDQV.XPPHWDEHUGHU %DXHUILHOLKPLQGHQ $UP Ä,FK JHE VLH QLFKW 'LH 6WXWH LVW WUlFKWLJ :LH ZLOOVW GX VLHUHLWHQ"³ 'HU%DXHUZDUNUlIWLJVHLQHNQRWLJHQ)LQJHUNOHEWHQDQ 3HWMDV *HZHKUODXI DOV ZlUHQ VLH PLW LKP YHUZDFKVHQ *OHLFK UHLW HU PLU GDV *HZHKU DXV GHU +DQG XQG NQDOOW PLFK EHUQ +DXIHQ IXKU HV 3HWMD GXUFK GHQ .RSI $OOHV VDKHUGLHVWHFKHQGHQPRUGOVWHUQHQ$XJHQGLHU|WOLFKHQ %DUWVWRSSHOQ GHQ ]XFNHQGHQ 0XQG ± EOLW]VFKQHOO UL HU GDV*HZHKUDQVLFK'HU9HUVFKOXNQDFNWHÄ=XUFN³ 'HU DQGHUH EFNWH VLFK QDFK GHP %HLO GDV QHEHQ GHP :DJHQ ODJ 9RQ ZUJHQGHU hEHONHLW EHIDOOHQ KLHE 3HWMD GHQ *HZHKUNROEHQ DXI GHQ EUHLWHQ %DXHUQQDFNHQ :LH 6SLQQHQEHLQH EHZHJWHQ VLFK GLH %HLQH LQ GHQ IDOWLJHQ 6FKDIWVWLHIHOQLQGHU/XIW *ULJRUL GXUFKVFKQLWW UDVFK GDV *HVFKLUU XQG VSUDQJ DXI GLH 6WXWH 8QWHU 3HWMD WlQ]HOWH GHU WDXULVFKH *UDXVFKLP PHO 6LH JDORSSLHUWHQ EHU GHQ $FNHU ]XU 6WUDH *OHLFK PlLJNODSSHUWHQGLH+XIH3HWMDEOLFNWH]XUFN±EHUGHU 6FKOXFKW WULHE GHU :LQG 6WDXE DXI 'LH 9HUIROJHU ZDUHQ DXVJHVFKZlUPWXQGULWWHQLP*DORSS )QI:HUVWZDUHQ VLH GDKLQJHMDJW LPPHU QlKHU UFNWHQ GLH9HUIROJHU6FKRQNRQQWHPDQHUNHQQHQZLHXQWHUGHQ +XIHQ GHV YRUGHUVWHQ 3IHUGHV GLH (UGH KRFKVWRE XQG GHU VFKZDU]H)LO]PDQWHOGHV5HLWHUVLP:LQGHIODWWHUWH*ULJR ULV 6WXWH ZXUGH ODQJVDPHU VLH NHXFKWH XQG ZLHKHUWH NXU] XQG KHLVHU Ä'LH 6WXWH IRKOW 3HWMD LFK ELQ YHUORUHQ³ VFKULH*ULVFKDGXUFKGHQVFKQHLGHQGHQ:LQG$OVGHU:HJ XP HLQHQ .XUJDQ ERJ VSUDQJ *ULVFKD PLWWHQ LP *DORSS DE 'LH 6WXWH VDQN VRJOHLFK QLHGHU 3HWMD OLH VHLQ 3IHUG DXWRPDWLVFK ZHLWHUODXIHQ EHVDQQ VLFK DEHU ZHQGHWH MlK
XQGNHKUWH]XUFN Ä:DVZLOOVWGXWXQ"³ULHI*ULJRULPLWZHLQHUOLFKHU6WLP PH3HWMDKDWWHPLWUDVFKHP*ULIIGHQ/DGHVWUHLIHQHLQJH VFKREHQ XQG VSUDQJ YRP 3IHUG .QLHQG OHJWH HU DQ XQG VFKR DXI GHQ KHUDQMDJHQGHQ VFKZDU]HQ )LO]PDQWHO 'LH OHHUH 3DWURQHQKOVH DXVVWRHQG VDJWH HU OlFKHOQG Ä'DV 6WHUEHQLVWNHLQH.OHLQLJNHLW%UXGHU³
(U VFKR QRFK HLQPDO +RFKDXI ElXPWH VLFK GDV 3IHUG XQG GHU VFKZDU]H )LO]PDQWHO JOLWW ]X %RGHQ 'DV 7LHU UDVWH LQ HLQH 6WDXEZRONH JHKOOW TXHUIHOGHLQ VHLQHQ 5HLWHU DP 6WHLJEJHO QDFKVFKOHLIHQG 3HWMD VDK LKP PLW DXVGUXFNVORVHP %OLFN QDFK VSUHL]WH GLH %HLQH XQG OLH VLFK PLWWHQ DXI GHP :HJ QLHGHU ,UUH OlFKHOQG ]HUULHE *ULJRUL GDV 6DPHQN|SIFKHQ HLQHU 4XHQGHOEOWH ]ZLVFKHQ GHQVFKZHLIHXFKWHQ+lQGHQ Ä$XVLVWåV³VDJWH3HWMDHUQVWXQGOHJWHVLFKPLWGHP*H VLFKWQDFKXQWHQDXIGLH(UGH
$XIGHP+RIGHV([HNXWLYNRPLWHHVZXUGHQLQYHUQlKWHQ 6lFNHQ GLH $NWHQ YHUJUDEHQ 9RU GHU 7U UHSDULHUWH GHU 9RUVLW]HQGH -DNRZ GHU 9LHUWH HLQ DOWHV YHUURVWHWHV 0D VFKLQHQJHZHKU0DQHUZDUWHWHGLH0LOL]LRQlUH]XUFNGLH VHLW GHP IUKHQ 0RUJHQ HLQHQ (UNXQGXQJVULWW GXUFKIKU WHQ*HJHQ0LWWDJULHI-DNRZGHQGDKHUNRPPHQGHQ.RP VRPRO]HQ $QWRVFKND *UDWVFKRZ ]X VLFK UDQ XQG VDJWH Ä+ROGLUHLQ3IHUGDXV GHP 6WDOO QLPP GDV EHVWH GDV GD LVW XQG UHLWH ]XP .UXWHQVNL5HYLHU :HQQ GX XQVHUH 0LOL]LRQlUH WULIIVW VDJ VLH VROOHQ VFKOHXQLJVW ]XUFNNHK UHQ+DVWGXHLQ*HZHKU"³ $QWRVFKND OLHI GD GLH EORHQ )XVRKOHQ EOLQNWHQ XQG ULHI ]XUFN Ä-D 8QG HLQXQG]ZDQ]LJ 3DWURQHQ KDE LFK GD]X³ Ä'DQQORVEHHLOGLFK³ )QI 0LQXWHQ VSlWHU EUDXVWH $QWRVFKND ZLH GHU 6WXUP ZLQG]XP+RIWRUKLQDXV6HLQHJUDXHQ0lXVHDXJHQEOLW] WHQGHQ9RUVLW]HQGHQDQ6WDXEKOOWHLKQHLQ (LQH:HLOHVWDQG-DNRZDXIGHU9RUWUHSSH XQG VDK GHP DXI XQGåQLHGHU JOHLWHQGHQ 3IHUGHKDOV XQG $QWRVFKNDV XQEHGHFNWHP .UDXVNRSI QDFK 3DQQ WUDW HU LQ GHQ PLW 6SLQQZHEHQ EHUVlWHQ )OXU 6lPWOLFKH /HXWH GHV ([HNX WLYNRPLWHHVXQGGHU.RPVRPRO]HOOHZDUHQYHUVDPPHOW(U VWUHLIWH VLH PLW PGHP %OLFN XQG VDJWH Ä'HQ $QWRVFKND KDE LFK ORVJHVFKLFNW GHQ 7UXSS ]XUFN]XKROHQ³ (U KLHOW LQQH 1DFKGHQNOLFK PLW GHQ )LQJHUQ WURPPHOQG VHW]WH HU KLQ]X Ä$EHU GLH -XQJHQ LP 5HYLHU" 2E VLH 0DFKQR HQW ZLVFKWVLQG"³ 5XKHORVZDQGHUWHQVLHGXUFKGLHOHHUHQKDOOHQGHQ5lX PH XQG ODVHQ ZRKO ]XP KXQGHUWVWHQPDO GLH 9LHU]HLOHU 'HPMDQ %HGQ\V DXI GHQ YHUEOLFKHQHQ 3ODNDWHQ =ZHL
6WXQGHQ VSlWHU MDJWHQ GLH 0LOL]LRQlUH LQ GHQ +RI 2KQH GLH 3IHUGH DQ]XELQGHQ VWUPWHQ VLH LQV +DXV 'HU HUVWH VWDXELJXQGVFKPXW]LJULHIÄ:RLVWGHU9RUVLW]HQGH"³ Ä'DNRPPWHU+DEWLKUVLHJHVHKHQ"6LQGåVYLHOH":HU GHQZLUXQVDXIGHP*ORFNHQWXUPKDOWHQN|QQHQ"³ 'HU 0LOL]LRQlU VFKZDQJ KRIIQXQJVORV GLH 5HLWSHLWVFKH Ä:LU VLQG DXI GLH 6SLW]HQVFKZDGURQ JHVWRHQ (LQ :XQ GHUGDZLUPLWKHLOHU+DXWGDYRQJHNRPPHQVLQG$QGLH ]HKQWDXVHQGZHUGHQåVVHLQ:LHHLQVFKZDU]HU+HXVFKUHN NHQ]XJUFNHQVLHDQ³ 0LWJHUXQ]HOWHQ%UDXHQIUDJWHGHU9RUVLW]HQGHÄ+DEWLKU $QWRVFKNDJHVHKHQ"³ Ä(LQHQKDEHQZLUJHVHKHQ(UULWWKLQWHUGHP.UXWHQVNL +RKOZHJ GXUFK GLH 6WHSSH %HVWLPPW KDEHQ LKQ GLH 0DFKQR/HXWHJHIDW³ 6LHVWDQGHQDXIHLQHP+DXIHQEHLVDPPHQXQGIOVWHUWHQ 'HU 9RUVLW]HQGH ]XSIWH DQ VHLQHP %DUW XQG SUHWH ]ZL VFKHQ GHP *HVWUSS KHUYRU Ä'LH -XQJHQ GLH GHQ $FNHU YHUPHVVHQVROOWHQVLQGNDXP QRFK DP /HEHQ $QWRVFKND LVW JOHLFKIDOOV KLQ 9HUEHUJHQ ZLU XQV LP 6FKLOI *HJHQ 0DFKQRN|QQHQZLUQLFKWDQ³ 'HU *HWUHLGHDJHQW |IIQHWH GHQ 0XQG HU ZROOWH HWZDV VDJHQGRFKLQGLHVHP$XJHQEOLFNGUDQJGXUFKGLH7UGHU $ODUPUXI Ä/RV *HQRVVHQ 9RP +JHO KHU NRPPW .D YDOOHULH³ ,P 1X ZDUHQ DOOH YHUVFKZXQGHQ ZLH YRP :LQG ZHJ JHZHKW'LH6WDQL]DHUVWDUE=XNODSSWHQGLH)HQVWHUODGHQ 6WLOOHVLFNHUWHDXVGHQ+|IHQLP:HJHULFKYRUGHP=DXQ GHV([HNXWLYNRPLWHHVJDFNHUWHDXIJHUHJWHLQ+XKQ 'HU:LQGEOlKWHGDV+HPGDXIGHP5FNHQ$QWRVFKNDV ]XHLQHUSUDOOHQ/XIWEODVH(VZDUDQVWUHQJHQGRKQH6DWWHO
]X UHLWHQ 'DV 3IHUG OLHI LQ XQJOHLFKPlLJHP 7UDE $Q WRVFKND]RJGLH=JHOVWUDIIDXVGHP+RKOZHJIKUWHGHU :HJEHUJDQ3O|W]OLFKHUEOLFNWHHUHLQH:HUVWZHLWYRUVLFK HWZD KXQGHUW 5HLWHU PLW ]ZHL 0DVFKLQHQJHZHKUZDJHQ 0DFKQR/HXWH(UULDP=JHOEHUGHQ5FNHQUDQQHQ LKPNDOWH6FKDXHU:LH]XP7URW]EHZHJWHVLFKGDV3IHUG WUlJH XQG ZROOWH QLFKW LQ *DORSS IDOOHQ 0DQ KDWWH LKQ MRKOHQG EHPHUNW 6FKVVH NQDWWHUWHQ 'HU :LQG SHLWVFKWH LKPLQV*HVLFKWVHLQH$XJHQZDUHQEOLQGYRQ7UlQHQ LQ GHQ 2KUHQ EUDXVWH HV (U KDWWH $QJVW GHQ .RSI ]X ZHQ GHQ (UVW DOV HU DQ GHQ YRUGHUVWHQ +lXVHUQ GHU 6WDQL]D YRUEHU ZDU EOLFNWH HU VLFK XP ,Q YROOHP 5LWW VSUDQJ HU YRP 3IHUG XQG OLHI JHEFNW ]XU .LUFKHQPDXHU :HQQ LFK EHU GHQ 3ODW] UHQQH NQDOOHQ VLH PLFK QLHGHU GDFKWH HU 5HLQLQGHQ*DUWHQXQGDXIGHQ*ORFNHQWXUPUDXI 6HLQH/LQNHXPNODPPHUWHGDV*HZHKUPLWGHU5HFKWHQ VWLH HU GLH 0DXHUSIRUWH DXI 'LH EORHQ )H UDVFKHOWHQ LP ZHONHQ /DXE 'D ZDU GLH :HQGHOWUHSSH :HLKUDXFK XQG0RGHUJHUXFK7DXEHQPLVW ,P *ORFNHQJHVWKO ZDUI HU VLFK IODFK KLQ XQG KRUFKWH 6WLOOH(LQ+DKQNUlKWHVRQVWNHLQ /DXW(UOHJWHGDV*H ZHKUQHEHQVLFKQDKPGLH3DWURQHQWDVFKHDEXQGZLVFKWH VLFK GHQ NOHEULJHQ 6FKZHL YRQ GHU 6WLUQ +LQWHU VHLQHU 6WLUQVSUDQJHQGLH*HGDQNHQ6LHEULQJHQPLFKXP«,FK VFKLHHVLHQLHGHU«3HWMD.UHPQMRZVDJW0DFKQRLVWHLQ 6|OGOLQJ GHU %RXUJHRLVLH (LQH :RFKH ]XYRU KDWWHQ VLH KLQWHUP )OX DXV KXQGHUW 6FKULWW (QWIHUQXQJ DXI HLQHQ /HLWHUZDJHQJHVFKRVVHQ(U$QWRVFKNDKDWWHGLHPHLVWHQ 7UHIIHUJHKDEW,QGHU.HKOHZUJWHLKQHLQVFKPHU]KDIWHV .LW]HOQDEHUGDV+HU]VFKOXJUXKLJHU9RUVLFKWLJ8PVFKDX KDOWHQG NDPHQ VHFKV %HULWWHQH DXI GHQ 3ODW] 6LH VDHQ DEGLH3IHUGHEDQGHQVLHDP=DXQYRUGHU6FKXOHIHVW
:LHGHUXP EHJDQQ $QWRVFKNDV +HU] KHIWLJ ]X NORSIHQ (U EL GLH =lKQH DXIHLQDQGHU EH]ZDQJ GDV )U|VWHOQ XQG VFKREPLW]LWWHUQGHQ)LQJHUQGHQ3DWURQHQUDKPHQHLQ(LQ ZHLWHUHU 5HLWHU VSUHQJWH DXI GHQ 3ODW] ZXUGH YRQ GHP VLFK ZLH UDVHQG GUHKHQGHQ 3IHUG HLQLJH 0DOH KHUXPJH NUHLVWXQGMDJWHGDV7LHUKHIWLJSHLWVFKHQGZLHGHUGDYRQ $Q GHU QDFKOlVVLJYHUZHJHQHQ +DOWXQJ KDWWH $QWRVFKND HLQHQ.RVDNHQHUNDQQW(UEOLFNWHGHUJUDXJUQHQ/LWHZND QDFK GLH EHU GHU 3IHUGHNUXSSH DXI XQG QLHGHU ZLSSWH XQG VHXI]WH 0*V NQDWWHUWHQ *HWUDSSHO ]DKOORVHU +XIH HLQH %DWWHULH UROOWH YRUEHU :LH HLQ $DV YRQ :UPHUQ ZLPPHOWHGLH6WDQL]DYRQ6ROGDWHQ,QGHQ6WUDHQVWDXWHQ VLFK0XQLWLRQVXQG0DVFKLQHQJHZHKUZDJHQ 0LW NDOWHQ IUHPGHQ )LQJHUQ EHUKUWH $QWRVFKND GDV 6FKOR LKQ IU|VWHOWH hEHU LKP LP *HVWKO JXUUWH HLQH 7DXEH ,FK ZDUW QRFK HLQ ELFKHQ 'UXQWHQ EHL GHU .LU FKHQPDXHU KLHOWHQ GLH 0DFKQR/HXWH 5DVW 6LH ODJHQ LQ +DXIHQ ]ZLVFKHQ GHQ 3IHUGHQ XQG VDKHQ LQ LKUHQ YHU VFKLHGHQIDUEHQHQ 3OXGHUKRVHQ XQG JUHOOHQ 6FKlUSHQ DXV ZLH EXQWH .LHVHOVWHLQH LQ HLQHP %DFK 6WLPPHQJHZLUU GU|KQHQGHV/DFKHQ8QGGLH6WUDHHQWODQJUROOWHQXQHQW ZHJW LQ ]ZHL 5HLKHQ QHEHQHLQDQGHU GLH 0*:DJHQ (QW VFKORVVHQ QDKP $QWRVFKND GLH JUDXH 3DSDFKD HLQHV 0* 6FKW]HQ DXIV .RUQ 'XPSI NUDFKWH GHU 6FKX GHU 0* 6FKW]H OLH GHQ .RSI DXI GLH .QLH VLQNHQ 1RFK HLQ 6FKX (LQHP .XWVFKHU JOLWWHQ GLH =JHO DXV GHU +DQG XQGHUUXWVFKWHYRP%RFN]ZLVFKHQGLH5lGHU$QWRVFKND VFKRXQGVFKR 5DVVHOQGXQGGU|KQHQGMDJWHGLH%DWWHULHEHUGHQ3ODW] ]XUFN $QWRVFKND ZDU HQWGHFNW ZRUGHQ (LQH .XJHO EUDQQWH HLQHQ VFKPDW]HQGHQ .X QHEHQ LKP DXI GDV %DO NHQJHELQGH 'HU 3ODW] XQWHQ ZXUGH OHHU $XI GHU 7UHSSH
YRUGHU6FKXOHKDQGKDEWH HLQ0DFKQR0DWURVHVLFKHUGDV 0DVFKLQHQJHZHKU 'LH .XJHOQ VFKOXJHQ ZLQVHOQG JHJHQ GLHDOWH%URQ]HJORFNH(LQ4XHUVFKOlJHUWUDI$QWRVFKNDLQ GLH +DQG (U NURFK WLHIHU LQ GHQ 7XUP KLQHLQ VFKPLHJWH VLFK DQV 0DXHUZHUN XQG VFKR ZHLWHU 'HU 0DWURVH ZDUI GLH $UPH KRFK EHVFKULHE HLQHQ .UHLV XQG ILHO PLW GHU %UXVWDXIGLHPRUVFKHQVFKLHIHQ6WXIHQ
$P )ULHGKRI KLQWHU GHU 6WDQL]D ZXUGH HLQH EUHLWWDW]LJH 'UHL]|OOLJHDEJHSURW]W,KUVWlKOHUQHU6FKOXQGULFKWHWHVLFK JlKQHQG DXI GDV EDXIlOOLJH .LUFKOHLQ %UDXVHQGHV *HW|VH HUIOOWHGLH6WDQL]D 'LH.XJHOWUDIGHQ7XUPXQWHUKDOEGHU.XSSHO6LHEHU VFKWWHWH $QWRVFKND PLW 6WHLQHQ XQG 6WDXE XQG VSULW]WH ]RUQLJH7|QHLQGLH*ORFNH 3HWMD ODJ VWLOO DXI GHU (UGH (UUHJHQG HPSIDQG HU GHQ
ZU]LJHQ 'XIW GHV 4XHQGHOV XQG GDV XQJOHLFKPlLJH *HWUDSSHOGHU3IHUGHKXIH (LQH VFKUHFNOLFKH hEHONHLW ZUJWH LKQ (U EHZHJWH GHQ .RSI KRE LKQ DQ XQG HUEOLFNWH QHEHQ *ULJRULV /HLQHQ KHPG HLQ VFKDXPEHGHFNWHV 3IHUGHPDXO HLQHQ EODXHQ .RVDNHQURFN XQG JHVFKOLW]WH .DOPFNHQDXJHQ LQ HLQHP VRQQHQYHUEUDQQWHQ*HVLFKW(LQHKDOEH:HUVWZHLWHUNUHL VWHQ GLH DQGHUQ XP GDV 3IHUG GDV VHLQHQ 5HLWHU LQ ]HU IHW]WHP)LO]PDQWHOKLQWHUVLFKKHUVFKOHLIWH $OV*ULJRULSO|W]OLFKZLHHLQ.LQGORVVFKOXFK]WHXQGPLW HUVWLFNWHU 6WLPPH HWZDV KHUDXVSUHWH IKOWH 3HWMD VHLQ +HU]ZLHUDVHQGSRFKHQ0LWVWDUUHP%OLFNVDKHUZLHGHU .DOPFNHVLFKLQGHQ6WHLJEJHOQKREPLWGHP2EHUN|U SHUVHLWOLFKYRUVFKQHOOWHXQGGHUEOLQNHQGH6WDKOGXUFKGLH /XIWVDXVWH*ULJRULILHOVFKZHUIlOOLJDXIGLH)HUVHQSUHWH EHLGH +lQGH DQ GHQ JHVSDOWHQHQ 6FKlGHO XQG VDQN U| FKHOQG ]XVDPPHQ ,Q VHLQHU .HKOH JXUJHOWH GDV %OXW XQG EUDFKZLHHLQ6WXU]EDFKDXVVHLQHP0XQGH *ULJRULV ]XFNHQGH %HLQH XQG GLH GXQNHOURWH 1DUEH DXI GHU VFKXSSLJHQ %DFNH GHV .DOPFNHQ ZDUHQ GDV OHW]WH ZDV 3HWMD ZDKUQDKP 'DQQ HUORVFK VHLQ %HZXWVHLQ GLH VFKDUIHQ 'RUQHQ HLQHV +XIHLVHQV KDWWHQ VHLQH %UXVW GXUFKERKUW HLQ UDXKIDVHULJHU )DQJVWULFN VFKQUWH VHLQHQ +DOV]XVDPPHQ$OOHVYHUVDQNKLQWHUIOLPPHUQGHQ)XQNHQ XQG VHQJHQGHQ 'QVWHQ :LHGHU ]X VLFK NRPPHQG VW|KQWH 3HWMD ODXW DXI YRU UDVHQGHP 6FKPHU] LQ GHQ $X JHQ (U IDWH VLFK LQV *HVLFKW XQG VSUWH PLW (QWVHW]HQ ZLH HV XQWHU GHP /LG KHUYRU GLFN XQG NOHEULJ DXI GLH %DFNH WURII 'DV HLQH $XJH ZDU DXVJHODXIHQ GDV DQGHUH ELV DXI HLQHQ VFKPDOHQ 5LW] ]XJHTXROOHQ XQG WUlQWH 0LW 0KH NRQQWH 3HWMD 3IHUGHVFKQDX]HQ XQG 0HQVFKHQJH VLFKWHU XQWHUVFKHLGHQ -HPDQG EHXJWH VLFK ]X LKP KHUDE
XQGVDJWHÄ+RFK%XUVFKH6RQVWPDFKHQZLUPLWGLUHLQ (QGH'XVROOVWLQGHQ6WDE]XP9HUK|U1XQKRFKPLWGLU VDJ LFK RGHU ZLOOVW GX QLFKW" :DV VFKHUWåV PLFK GDQQ NRPPVWGXRKQH9HUK|UDQGLH:DQG³ 3HWMD ULFKWHWH VLFK DXI 5LQJVXP HLQ VFKLOOHUQGHV 0HHU YRQ .|SIHQ /lUP 3IHUGHZLHKHUQ 'HU .RVDN LQ GHU KRKHQ JUDXHQ 3DSDFKD JLQJ YRUDQ 6FKZDQNHQG VWROSHUWH 3HWMDKLQWHUGUHLQ 6HLQ +DOV EUDQQWH QRFK YRP )DQJVWULFN EOXWYHUNUXVWHWH :XQGHQEHGHFNWHQVHLQ*HVLFKWLQVHLQHP.|USHUERKUWH GHU 6FKPHU] DOV VHL HU JUDXVDP JHVFKODJHQ ZRUGHQ 8Q WHUZHJV lXJWH 3HWMD XPKHU hEHUDOO ZDUHQ GLH 3OlW]H GLH 6WUDHQ GLH ZLQNOLJHQ *DVVHQ YROOHU 0HQVFKHQ 3IHUGH XQG0*:DJHQ 'HU6WDEODJLP+DXVGHV3RSHQ $XVGHQ ZHLW RIIHQHQ )HQVWHUQ NDP GDV *UHLVHQVFKPDW]HQ HLQHU *LWDUUH ,Q GHU .FKH NOLUUWH *HVFKLUU 0DQ VDK GLH 3RSHQIUDX DP +HUG ZLUWVFKDIWHQ VLH KDWWH OLHEH *lVWH GLH ZROOWH VLH JXW EH ZLUWHQ 3HWMDV %HJOHLWHU VHW]WH VLFK DXI GLH 9RUWUHSSH XQG ]QGHWH VLFK HLQH =LJDUHWWH DQ (U EUXPPWH Ä9RU GLH 7UHSSHVWHOOGLFKKLQGLHLP6WDEKDEHQQRFK]XWXQ³ 3HWMDOHKQWHVLFKDQGDVNQDUUHQGH*HOlQGHU6HLQ0XQG ZDUWURFNHQGLH JHVFKZROOHQH =XQJHNOHEWHDP *DXPHQ 0KVDP EHZHJWH HU VLH Ä7ULQNHQ « P|FKW LFK «³ Ä,P 6WDENULHJVWGX]XWULQNHQ³ $XIGLH7UHSSHWUDWHLQSRFNHQQDUELJHU0DWURVHXPGHQ EODXHQ8QLIRUPURFNHLQHIHXHUURWH6FKlUSHGHUHQ)UDQVHQ LKP ELV DQ GLH .QLH KHUDEKLQJHQ DXI GHP .RSI GLH 0D WURVHQPW]H PLW GHP 6WUHLIHQ GHU 6FKZDU]PHHUIORWWH XQG HLQHPLW%lQGHUQJHVFKPFNWH+DUPRQLNDLQGHQ+lQGHQ (UOLHVHLQHJUQHQ$XJHQJHODQJZHLOWEHU3HWMDJOHLWHQ ]RJWUlJHGHQ%DOJ
Ä-XQJHU.RPPXQLVWODGLH+lQGHGDYRQZHJ +HLUDWLVWZLH9RJHOOHLP .RPPW9lWHUFKHQ0DFKQRXPGLH(FN NOHEVWGXIHVWDQ:HLEXQG+HLP³ (U KDWWH HLQH YHUVRIIHQH GRFK NODQJYROOH 6WLPPH 0LW JHVFKORVVHQHQ$XJHQZLHGHUKROWHHU Ä.RPPW9lWHUFKHQ0DFKQRXPGLH(FN NOHEVWGXIHVWDQ:HLEXQG+HLP³ 3HWMDV %HJOHLWVROGDW WDW VHLQHQ OHW]WHQ =XJ DQ GHU =LJD UHWWHXQGVDJWHRKQHGHQ.RSI]XZHQGHQÄ/RV(LQDXJH JHKQZLU³ 3HWMD VWLHJ GLH 6WXIHQ KLQDQ ,P )OXU KLQJ HLQH HQWUROOWH VFKZDU]H )DKQH 9RQ GHU ZHLHQ $XIVFKULIW Ä6WDE GHU *UXSSH³ XQG Ä(V OHEH GLH IUHLH 8NUDLQH³ ZDUHQ LP )DO WHQZXUIQXUHLQ]HOQH%XFKVWDEHQ]XVHKHQ
,P 6FKODI]LPPHU GHV 3RSHQ NODSSHUWH HLQH 6FKUHLEPD VFKLQH'XUFKGLHRIIHQH 7U NDPHQ 6WLPPHQ 3HWMD ZDU WHWHLPKDOEGXQNOHQ)OXU'HUGXPSIHVlJHQGH6FKPHU]LQ GHQ$XJHQODKPWHVHLQHQ9HUVWDQGXQGVHLQHQ:LOOHQ'LH DXVGHU=HOOHXQGDXVGHP([HNXWLYNRPLWHHVLQGYRQGHQ 0DFKQR/HXWHQ QLHGHUJHPHW]HOW ZRUGHQ GDFKWH HU 8QG QXQ ]ZLQNHUWH GHU 7RG DXFK LKP 3HWMD DXV GHU VlXHUOLFK QDFK:HLKUDXFKULHFKHQGHQ3RSHQVWXEH]X'RFKOLHGHU *HGDQNH GDUDQ VHLQH 6HHOH NDOW 3HWMD DWPHWH UXKLJ PLW JHVHQNWHQ/LGHUQQXUVHLQHYHUNUXVWHWHQ:DQJHQ]XFNWHQ $XV GHP 6FKODI]LPPHU GUDQJHQ 6WLPPHQ ,Q GDV .ODS SHUQ GHU 6FKUHLEPDVFKLQH PLVFKWHQ VLFK JXUUHQGHV )UDX HQODFKHQXQG*OlVHUNODQJ(LOLJWULSSHOWHGLH3RSHQIUDXDQ 3HWMD YRUEHL KLQWHU LKU HUVFKLHQ VSRUHQNOLUUHQG XQG GDV 6FKQXUUElUWFKHQ ]ZLUEHOQG HLQ 0DFKQR2IIL]LHU PLW HQJJHVFKQDOOWHP *XUW 'LH 3RSHQIUDX WUXJ HLQH .DUDIIH
LKUHbXJOHLQOHXFKWHWHQZLHHLQH0DQGHOEOWHÄ'HU/LN|U LVWVHFKV-DKUHDOW)UHLQHEHVRQGHUH*HOHJHQKHLWKDELFK LKQ DXIEHZDKUW $FK ZHQQ 6LH ZWHQ ZLH VFKUHFNOLFK GDV /HEHQ XQWHU GLHVHQ %DUEDUHQ ZDU 6WlQGLJ GLHVH 'UDQJVDOLHUXQJHQ'LH=HOOHZROOWHPLUVFKRQGDV.ODYLHU ZHJQHKPHQGHQNHQ6LHQXUXQVHU.ODYLHU2K«³ ,KU OVWHUQ KLQ XQG KHU KXVFKHQGHU %OLFN ILHO DXI 3HWMD 6LH HUNDQQWH LKQ XQG ZDQGWH VLFK YROO $EVFKHX ]X GHP 2IIL]LHU Ä'DV LVW GHU 9RUVLW]HQGH GHU .RPVRPRO]HOOH³ IOVWHUWH VLH LKP ]X Ä(LQ IDQDWLVFKHU .RPPXQLVW « LKQ VROOWHPDQ«³,KUH5|FNHUDVFKHOWHQVRODXWGD3HWMDGLH ZHLWHUHQ:RUWHQLFKWYHUVWDQG .XU]GDUDXIZXUGHHULQV=LPPHUJHUXIHQÄ1DFKQHEHQ DQDEHUIL[LQGUHL7HXIHOV1DPHQ³ $P7LVFKVDHLQHUPLWEORQGHP%DUWXQGLQKRKHUKHOO JUDXHU3HUVLDQHUPW]HÄ'XELVW.RPVRPRO]H"³ Ä-D³ Ä+DVWGXDXIXQVHUH/HXWHJHVFKRVVHQ"³ Ä-D³ 'HU 0DFKQR2IIL]LHU NDXWH VLQQHQG DQ VHLQHP 6FKQXUU EDUW hEHU 3HWMD KLQZHJEOLFNHQG IUDJWH HU Ä:HQQ GX GDIUHUVFKRVVHQZLUVWWXWåVGLUOHLGZLH"³ 3HWMDZLVFKWHPLWGHU+DQGGDV%OXWYRQGHQ/LSSHQXQG VDJWHIHVWÄ,KUN|QQWQLFKWDOOHHUVFKLHHQ³ 'HU2IIL]LHUDXIGHP6WXKOGUHKWHVLFKMlKXPXQGULHI Ä'ROE\VFKHZ VFKLFN GHQ %XUVFKHQ PLW GHP ]ZHLWHQ =XJ VSD]LHUHQ³ 3HWMD ZXUGH DEJHIKUW 9RU GHU 7U EDQG LKP GHU %H JOHLWVROGDW GLH +lQGH PLW HLQHP GQQHQ /HGHUULHPHQ ]XVDPPHQ%HLP)HVW]LHKHQGHV.QRWHQVIUDJWHHUÄ7XWåV ZHK"³ Ä/D PLFK LQ 5XKH³ VDJWH 3HWMD XQG WUDW DXI GLH 3IRUWH
]X 'HU %HJOHLWVROGDW NODSSWH GLH =DXQWU ]X XQG QDKP GDV *HZHKUYRQGHU6FKXOWHU Ä:DUWH GD NRPPW GHU =XJIK UHU³ 3HWMD EOLHE VWHKHQ *DQ] VFKUHFNOLFK MXFNWH GDV .LQQ DEHU PLW GHQ JHEXQGHQHQ +lQGHQ NRQQWH HU VLFK QLFKW NUDW]HQ 'D WUDW GHU NOHLQH NOXPSILJH =XJIKUHU ]X LKQHQ UDQ 6HLQH KRKHQ HQJOLVFKHQ /HGHUJDPDVFKHQ YHUEUHLWHWHQ 7HHUJHUXFK (U IUDJWH GHQ 6ROGDWHQ Ä%ULQJVW GX LKQ ]X PLU"³ Ä-D]XUVFKQHOOHQ(UOHGLJXQJEHIRKOHQ³ 'HU=XJIKUHUEOLFNWH3HWMDPLWVFKOlIULJHQ$XJHQDQ Ä9HUVFKUREHQHV9RON³VDJWHHUÄ0DFKWPLWVROFKHLQHP %UVFKFKHQVRYLHO)HGHUOHVHQV3ODJWVLFKDEXQGTXlOWLKQ GD]X³ 'LH U|WOLFKHQ %UDXHQ UXQ]HOQG ZDUI HU 3HWMD QRFK HLQHQPUULVFKHQ%OLFN]XVWLHHLQHQGHIWLJHQ)OXFK DXV XQGVFKULHÄ$QGHQ6FKXSSHQ.HUO/RV0LWGHU9LVDJH JHJHQGLH:DQG³ $XI GLH 9RUWUHSSH WUDW GHU EORQGElUWLJH 6WDEVRIIL]LHU 6LFKEHUGDVJHVFKQLW]WH*HOlQGHUEHXJHQGULHIHUÄ=XJ IKUHUK|UVWGX"6FKLH QLFKW GHU %XUVFKH VROO QRFK PDO KHUNRPPHQ³ 3HWMD JLQJ GLH 6WXIHQ ZLHGHU KLQDXI XQG OHKQWH VLFK DQ GLH7U 'HU%ORQGElUWLJHWUDWGLFKWDQLKQUDQ(UYHUVXFKWHLKP LQ GHQ VFKPDOHQ EOXWYHUKDUVFKWHQ 6FKOLW] GHV $XJHV ]X VHKHQ XQG VDJWH Ä'X ELVW HLQ NUlIWLJHU %XUVFKH ,FK EH JQDGLJHGLFKXQGQHKPHGLFKLQ9lWHUFKHQ0DFKQRV+HHU DXI:LOOVWGXXQVWUHXGLHQHQ"³ Ä-D³DQWZRUWHWH3HWMDXQGVFKORGDV$XJH Ä8QGQLFKWGDYRQODXIHQ"³
Ä:HQQ LFK (VVHQ XQG .ODPRWWHQ NULHJ ODXI LFK QLFKW GDYRQ³ 'HU %ORQGElUWLJH ]RJ ODFKHQG GLH 1DVH NUDXV Ä'DV ZUGHGLUDXFKVFKZHUOLFKJHOLQJHQ'DIUZHUGLFKVFKRQ VRUJHQ³8QGVLFKDQ3HWMDV%HJOHLWXQJZHQGHQGVDJWHHU Ä'ROE\VFKHZQLPPGHQ%XUVFKHQLQGHLQH+XQGHUWVFKDIW XQG JLE LKP DQ =HXJ ZDV Q|WLJ LVW 6HW] LKQ DXI GHLQHQ 0*:DJHQ$EHUKDOWGLH$XJHQRIIHQ(LQ*HZHKUNULHJW HU YRUOlXILJ QLFKW³ (U NORSIWH 3HWMD DXI GLH 6FKXOWHU XQG JLQJZLHJHQGHQ6FKULWWHVLQV+DXV
$P QlFKVWHQ 7DJ XP GLH 0LWWDJV]HLW ]RJHQ VLH ZHLWHU 3HWMD VFKDXNHOWH QHEHQ GHP VFKQXUUElUWLJHQ 'ROE\VFKHZ DXIGHP%RFNWUEH*HGDQNHQLP.RSIZlO]HQG 1DFK GHP 5HJHQ ELOGHWH GHU 6WUDHQNRW +|FNHU XQG 5LOOHQ 'HU :DJHQ KROSHUWH XQG VFKZDQNWH 7HOHJUDIHQ VWDQJHQVWHO]WHQYRUEHUHQGORVVFKOlQJHOWHVLFKGLH6WUD HGDKLQ $P5DQGHGHU6WUDHOlUPHQGH&KXWRUVXQG6LHGOXQJHQ )LQVWHUH%DXHUQEOLFNHJHOOHQGHV:HLEHUJHNUHLVFK 'LH]ZHLWH*UXSSH]RJUHFKWVYRP*URVGHU7UXSSHQDXI 0LOOHURZR]X $P $EHQG ODQJWH 'ROE\VFKHZ HLQHQ EUHLWJHGUFNWHQ %URWODLE XQG HLQH 0HORQH XQWHUP %RFN KHUYRU .DXHQG QLFNWH HU 3HWMD ]X Ä, %UXGHU ELVW MHW]W HLQHU XQVHUHV *ODXEHQV³ *LHULJ D 3HWMD HLQH KRQLJVH 0HORQHQVFKHLEH XQG HL QHQ.DQWHQ%URWGHUQDFK3IHUGHVFKZHLURFK 'ROE\VFKHZVlEHOWHPLWGHP'ROFKQRFKHLQ6WFN%URW DE XQG UHLFKWH HV 3HWMD Ä6R UHFKW YHUWUDX LFK GLU QLFKW %XUVFKH,FKGHQNLPPHUGXZLOOVWXQVGDYRQODXIHQ0DQ VROOWHGLUGHQ6FKlGHOHLQEDXHQGDKlWWPDQVHLQH5XK³
Ä1HLQ2QNHOFKHQGDVRUJVWGXGLFKXQQW]:DUXPVROOW LFKHXFKGDYRQODXIHQ"(VN|QQWGRFKVHLQLKUNlPSIWIU GDV5HFKW³ Ä)UHLOLFKIUGDV5HFKW:RIUGHQQVRQVW³ 3HWMD]XSIWHDQVHLQHP9HUEDQGEHUP$XJHXQGZDQGWH HLQ Ä:HQQ LKU IUV 5HFKW VHLG ZDUXP WXW LKU GHP 9RON VRYLHO/HLGDQ"³ Ä/HLGWXQZLULKPDQ"³ Ä-D/HLG$XI6FKULWWXQG7ULWW(EHQLQGHP&KXWRUGD KDVW GX GHP %DXHUQ GLH OHW]WH *HUVWH ZHJJHKROW ]XP 3IHUGHIWWHUQ8QGHUNDQQVHLQHQ.LQGHUQQLFKWVPHKU]X HVVHQJHEHQ³ 'ROE\VFKHZ GUHKWH VLFK HLQH 0DFKRUND]LJDUHWWH XQG ]QGHWHVLHDQÄ$XI9lWHUFKHQ0DFKQRV%HIHKOKDELFKåV JHWDQ³ Ä8QGZHQQHUQXQEHILHKOWDOOH%DXHUQDXI]XKlQJHQ"³ Ä$KD GD ZLOOVW GX KLQDXV³ 'ROE\VFKHZ OLH HLQ )lKQ OHLQ0DUFKRUNDUDXFKKRFKVWHLJHQXQGVFKZLHJ 'RFK DP $EHQG DOV VLH UDVWHWHQ ULHI GHU +XQGHUW VFKDIWVIKUHUGHUEODWWHUQDUELJH0DWURVH.LUMXFKDPLWGHU +DUPRQLND 3HWMD ]X VLFK UDQ 0LW GHU 3LVWROH VSLHOHQG VDJWH HU Ä:HQQ GX +XQGVIRWW HOHQGHU QRFK PDO GHQ 0XQGYRQZHJHQ3ROLWLNDXIWXVWGDQQODLFKGLH'HLFKVHO YRQHXUHP:DJHQKRFKVWHOOHQXQGZLUKlQJHQGLFKGUDQ GX6DXNHUOPLWGHQ)HQQDFKREHQ9HUVWDQGHQ"³ Ä-D³VDJWH3HWMD Ä8QGQXQZHQGLQGHQ:LQGXQGPHUNGLUGXWULHIHQGHV (LQDXJH1RFKHLQ9HUVFKXOGHQXQGGXNULHJVWGDVDQGHUH $XJHUDXVJHKDXHQXQGZLUVWDXIJHKlQJW³ 3HWMD EHJULII GD HU YRUVLFKWLJHU DJLWLHUHQ PXWH =ZHL 7DJH JDE HU VLFK 0KH VHLQ 8QJHVFKLFN ZLHGHUJXW]XPD FKHQ (U EHIUDJWH 'ROE\VFKHZ QDFK 9lWHUFKHQ 0DFKQR
XQG ZROOWH ZLVVHQ ZR HU EHUDOO JHZHVHQ VHL GRFK 'ROE\VFKHZVFKZLHJKDUWQlFNLJ3HWMDPLWDUJZ|KQLVFKHQ ILQVWHUHQ%OLFNHQPXVWHUQG1XUVHOWHQSUHWHHUHLQNQDS SHV :RUW ]ZLVFKHQ GHQ =lKQHQ KHUYRU 'RFK 3HWMDV 'LHQVWIHUWLJNHLW XQG (KUHUELHWXQJ YRU LKP 'ROE\VFKHZ GHU QLFKW LUJHQGZRKHU VRQGHUQ GLUHNW DXV *XODL3ROMH VWDPPWH XQG JHZLVVHUPDHQ HLQ OLHEHU 1DFKEDU YRQ 1H VWHU 0DFKQR ZDU PDFKWHQ LKQ VFKOLHOLFK ]XJlQJOLFKHU XQG IU HLQ *HVSUlFK PLW 3HWMD DXIJHVFKORVVHQHU =ZHL 7DJH VSlWHU JDE HU 3HWMD HLQHQ .DUDELQHU XQG DFKW]LJ 3DWURQHQ $Q MHQHP 7DJ EH]RJ GLH +XQGHUWVFKDIW LKU 1DFKWODJHU EHL .RVFKDU\ 'ROE\VFKHZ VSDQQWH GLH 3IHUGH DXV (U GUFNWH3HWMDHLQHQ(LPHULQGLH+DQGXQGVDJWHÄ5HLW]X GHQ:HLGHQGRUW-XQJH'DLVWHLQ7HLFK+ROXQV:DVVHU ]XP*UW]HNRFKHQ³ .DXPLPVWDQGHGDVNORSIHQGH+HU]LP=DXP]XKDOWHQ VFKZDQJ 3HWMD VLFK DXIV 3IHUG XQG WUDEWH ]XP 7HLFK ,FK UHLWKLQXQGGDQQKHLGLEHUQ%HUJGXUFK]XFNWHHVLKQ $P 7HLFK ERJ HU XP GDV VFKPDOH KDOEYHUIDOOHQH :HKU HQWOHGLJWH VLFK XQDXIIlOOLJ GHV (LPHUV KLHE GHP 7LHU GLH $EVlW]HLQGLH:HLFKHQXQGVSUHQJWHKJHODQ+LQWHULKP NUDFKWH HLQ 6FKX ZLH ]XU :DUQXQJ SILII GLH .XJHO EHU LKQ KLQZHJ 0LW WUEHP %OLFN PD 3HWMD GLH (QWIHUQXQJ ELV ]XP /DJHUSODW] HV PRFKWH HWZDV PHKU DOV HLQH KDOEH :HUVWVHLQ:HQQLFKGHQ%HUJUDXIUHLWHVFKLHHQVLHPLFK DEGDFKWHHU:LGHUVWUHEHQGZHQGHWHHUVHLQ3IHUGXQGULWW ]XUFN 'ROE\VFKHZKlQJWHHEHQGHQ.HVVHOPLWGHQ.DUWRIIHOQ DQ GLH 'HLFKVHO 3HWMD DQEOLFNHQG VDJWH HU Ä:HQQ GX =LFNHQPDFKVWNULHJVWGXåQH.XJHO0HUNGLUGDV³
/DXWHV *HW|VH UL 3HWMD EHL 7DJHVDQEUXFK DXV GHP 6FKODI (U IXKU KRFK XQG VFKOXJ GLH 3IHUGHGHFNH ]XUFN PLW GHU HU VLFK ]XU 1DFKW ]XJHGHFNW KDWWH ,Q GHQ EODXHQ +HUEVWPRUJHQVWLHJHQODQJJH]RJHQH6FKUHLH Ä2QNHOFKHQZDVLVWORV"³ 'ROE\VFKHZ VWDQG KRFKDXIJHULFKWHW LP :DJHQ XQG VFKZHQNWHVHLQH]RWWLJH3HO]PW]H5RWYRU$QVWUHQJXQJ EUOOWHHUÄ(VOHEH9lWHUFKHQ0DFKQR+XUUDDDD³ 3HWMDVHW]WHVLFKDXIXQGVDKHLQH.XWVFKHPLWYLHU5DS SHQ GDYRU DXI GHU 6WUDH KHUDQMDJHQ 9RQ GHQ 3IHUGHQ IORJHQ ZHLH 6FKDXPIORFNHQ ULQJVKHUXP 5HLWHU XQG LQ GHU .XWVFKH 0DFKQR GHU EHL 7VFKHUQ\VFKHZVNDMD YHU ZXQGHW ZRUGHQ ZDU HLQH .UFNH XQWHU GHU $FKVHO GHQ 0XQG YHU]RJHQ YLHOOHLFKW YRU 6FKPHU] YLHOOHLFKW YRU )UHXGH+LQWHQYRP:DJHQZHKWHHLQ7HSSLFKIDVWELV]XU (UGH QLHGHU LQ ]RWWLJHQ )OHFKWHQ KLQJ GHU 6WUDHQNRW LQ GHQ5lGHUQ'LH.XWVFKHUDVWHYRUEHLZHQLJVSlWHUZDUHQ QXUQRFKGLFKWH6WDXEEDOOHQ DXI GHU 6WUDH ]X VHKHQ XQG GHU/lUPHEEWHDEXQG HUORVFK 'UHL7DJHZDUHQYHUJDQJHQ'LH]ZHLWH*UXSSH QlKHUWH VLFKHLQHU(LVHQEDKQOLQLH.HLQHLQ]LJHV0DOVWLHPDQDXI GHQ )HLQG 'LH DQ =DKO VFKZDFKHQ 7UXSSHQ GHU 5RWHQ ]RJHQ VLFK ]XP 'RQ ]XUFN 3HWMD KDWWH GHUZHLOHQ GLH JDQ]H+XQGHUWVFKDIWNHQQHQJHOHUQW0HKUDOVVHFK]LJYRQ GHQKXQGHUWIQI]LJZDUHQYRQGHQ5RWHQEHUJHODXIHQGLH DQGHUQ ZDUHQ EXQW ]XVDPPHQJHZUIHOWHV 9RON (LQHV $EHQGV NDPHQ VLH DP /DJHUIHXHU ]XVDPPHQ 6LH VDQJHQ XQGWDQ]WHQ]XU+DUPRQLNDHLQHQIHXULJHQ7UHSDN6SU|GH VSOLWWHUWHGLHJHIURUHQH(UGHXQWHUGHQVWDPSIHQGHQ)HQ 'ROE\VFKHZKRFNWHQLHGHUXQGIKUWHHLQHQ5XQGWDQ]YRU PLW GHQ +lQGHQ LP 7DNW DQ GLH VWDXELJHQ 6WLHIHOVFKlIWH
VFKODJHQG XQG VFKQDXIHQG ZLH HLQ KHLJHKHW]WHV 5R 1DFK GHP 7DQ] OHJWHQ VLH VLFK DXI LKUHQ 0lQWHOQ XQG +DOESHO]HQ XPV )HXHU 'HU 0*6FKW]H 0DQVKXOR UDXFKWHDQHLQHPEUHQQHQGHQ+RO]VFKHLWHLQH=LJDUHWWHDQ XQG VDJWH QDFKGHQNOLFK Ä(V JHKHQ VR DOOHUOHL *HUFKWH XP'DV9lWHUFKHQVDJWPDQZLOOPLWXQVEHU6FKDFKW\ ]XU UXPlQLVFKHQ *UHQ]H (V KHLW GDYRU ZLOO HU XQV VWH KHQODVVHQXQGVHOEVWUEHULQV5XPlQLVFKHPDFKHQ³ Ä*HVFKZlW]³EUXPPWH'ROE\VFKHZ 0DQVKXORIXKUE|VHKRFK8QIOlWLJIOXFKHQGZLHVHUPLW GHP )LQJHU DXI 'ROE\VFKHZ XQG VFKULH Ä'HU (VHOVEDUW )U HLQHQ 5XEHO ]ZDQ]LJ PDFKW HU åQ .DW]EXFNHO 'X 6FKZHLQHUVVHO PHLQVW ZRKO HU ELHWHW GLU HLQHQ 3ODW] LQ VHLQHP:DJHQDQ"³ Ä'DV+HHUOlWHUQLFKWLP6WLFK³HUZLGHUWH'ROE\VFKHZ KHIWLJ Ä5LQGYLHK+XUHQEUXW'XGHQNVW ZRKO GHU UXPlQLVFKH =DUOlW]ZDQ]LJWDXVHQG0DQQUHLQ³EUOOWHZXWEOHLFKGHU 0*6FKW]H 'LHDQGHUHQVWLPPWHQLKPEHL Ä5HFKWKDWHU³ Ä+DVWLQV6FKZDU]HJHWURIIHQ0DQVKXOR³ Ä:LU VLQG VR ODQJH JXW ZLHåV IUV 9lWHUFKHQ XQG GDV )UDXHQYRONGDVHUPLWIXKUWGDV%OXWKHUJHEHQKHLW³ Ä+RKRKRKDKDKDJLEåVLKP%UXGHUKHU]³HUW|QWHHV UXQGXPV)HXHU 'ROE\VFKHZVWDQGDXIXQGVWDSIWH]XP:DJHQGHV+XQ GHUWVFKDIWVIKUHUV *HSIHLIH XQG *HMRKOH EHJOHLWHWHQ LKQ (LQHU ZDUI LKP HLQ EUHQQHQGHV 6FKHLW QDFK Ä-HW]W JHKW HUåV DQ]HLJHQ 6ROO HU QXU ,P QlFKVWHQ *HIHFKW NULHJW HU HLQHLQGHQ6FKlGHOJHEUDQQW³ *OHLFK GDUDXI VDK 3HWMD GHQ +XQGHUWVFKDIWVIKUHU .LU
MXFKD DXI VLH ]XNRPPHQ 5DVFK UFNWH HU HLQ 6WFN YRP )HXHUDE Ä1D%XUVFKHQZHQJHOVWHWåVKLHUQDFKGHP6WULFNKH" :HU KDW /XVW DQ GHU 7HOHJUDIHQVWDQJH ]X EDXPHOQ" 5DXV PLWGHU6SUDFKH³ 0DQVKXOR VWDQG DXI (U WUDW GLFKW DQ GHQ =XJIKUHU UDQ XQG DWPHWH LKP KHL XQG DEJHULVVHQ LQV *HVLFKW ÄhEHU VSDQQ GHQ %RJHQ QLFKW .LUMXFKD 6RQVW EULFKW HU XQG GX NULHJVWGLH6SOLWWHULQGLH+DQG+DOWGHLQHGUHFNLJH=XQJH LP=DXP³ Ä/RVNRPPPLWLQGHQ6WDE³ .LUMXFKDSDFNWHLKQEHLPbUPHO5LQJVXPHUKREVLFKHLQ GXPSIHV 0XUUHQ PDQ VSUDQJ DXI XQG DOVEDOG ZDU GHU +XQGHUWVFKDIWVIKUHUYRQHLQHU0DXHU]RWWLJHU3HO]PW]HQ XPJHEHQ Ä/DLKQLQ5XK³ Ä'LH6HHOHUHLHQZLUGLUDXVGHP/HLE³ Ä6DPWGHP6WDEVFKQDOOHQZLUGLFKDQGLH5lGHU³ 0DQ YHUVHW]WH LKP 3IIH GDQQ HUNODQJ HLQH VFKDOOHQGH 2KUIHLJH 'HU EODXH 8QLIRUPURFN GHV +XQGHUWVFKDIWVIK UHUV VSUDQJ DP +DOV DXI *HZHKUVFKO|VVHU NQDFNWHQ .LU MXFKD YHUVXFKWH VLFK ORV]XUHLHQ LQ GHU /XIW KLQJ HLQ U|FKHOQGHU6FKUHLÄ+LOIH9HUUD«³ 0DQVKXOR YHUVFKOR LKP GHQ 0XQG PLW GHU +DQG XQG IOVWHUWH Ä+DX DE $EHU VFKZHLJ 6RQVW JLEWåV åQH .XJHO LQGHQ5FNHQ³ 0DQVKXOR VFKRE GHQ +XQGHUWVFKDIWVIK UHU YRU VLFK KHU GXUFK GLH 0HQJH EUDFKWH LKQ ]XP QlFK VWHQ:DJHQXQGNHKUWHDQV)HXHU]XUFN :LHGHUXPGU|KQWHGDV/DFKHQZLPPHUWHGLH+DUPRQL ND VWDPSIWHQ GLH $EVlW]H GHU 7lQ]HU DXI GHP %RGHQ 'ROE\VFKHZ ZXUGH QHEHQ GHP 0*:DJHQ DXI GLH (UGH JHZRUIHQ PLW HLQHU 6FKlUSH JHNQHEHOW XQG PLW *HZHKU
NROEHQXQG)HQODQJHWUDNWLHUW 7DJV GDUDXIVSUHQJWH HLQH 2UGRQQDQ] DXV GHP *UXSSHQ VWDE KHUEHL XQG UHLFKWH GHP +XQGHUWVFKDIWVIKUHU HLQHQ VFKPXW]LJHQ=HWWHO'DUDXIVWDQGPLW7LQWHQVWLIWKLQJHZRU IHQ Ä,FK EHIHKOH GHU +XQGHUWVFKDIW GHQ 6RZFKRV HLQ]X QHKPHQ³ 'HU6RZFKRVODJDP)XHHLQHV+JHOVKLQWHUHLQHUVLFK KLQVFKOlQJHOQGHQ 6WHLQPDXHU 0DQ VDK %DFNVWHLQEDXWHQ XQG GHQ KRKHQ 6FKRUQVWHLQ HLQHU =LHJHOHL 'LH +XQGHUW VFKDIW OLH GLH 0*:DJHQ DXI GHU 6WUDH VWHKHQ XQG UFNWH TXHUIHOGHLQ JHJHQ GHQ 6RZFKRV YRU 9RUDQ ULWW .LUMXFKDGHQ.RSIPLWHLQHPIODXVFKLJHQ)UDXHQZROOWXFK XPZLFNHOW6HLQ5DSSHQVWROSHUWH,QHLQHPIRUWEOLFNWHHU VLFK QDFK GHU GQQHQ .HWWH GHU 0lQQHU XP GLH VFKZHL JHQGKLQWHULKPKHUVWDSIWHQ3HWMDJLQJDOVVLHEHQWHUDQGHU OLQNHQ 6HLWH (U DKQWH GD VLFK DQ GLHVHP 7DJH HWZDV *URHV (QWVFKHLGHQGHV HUHLJQHQ ZUGH 8QG GLHVH $K QXQJHUIOOWHLKQPLWZDFKVHQGHU)UHXGH 1DFKGHPPDQVLFKGHP6RZFKRVELVDXIHLQHQ)OLQWHQ VFKXJHQlKHUWKDWWHVSUDQJGHU+XQGHUWVFKDIWVIKUHUYRQ 3IHUGXQGNRPPDQGLHUWHÄ+LQOHJHQ³ 6LH VFKZlUPWHQ LQ HLQHU 6WHSSHQVHQNH DXV XQG ZDUIHQ VLFK]X%RGHQ(LQHGQQH 6DOYH VFKOXJ JHJHQ GLH 6WHLQ PDXHU 9RP 'DFK GHV 6RZFKRV DQWZRUWHWH KHLVHU XQG KDVWLJ HLQ 0DVFKLQHQJHZHKU /HXWH OLHIHQ EHU GHQ +RI 'LH .XJHOQ VFKOXJHQ KLQWHU GHU .HWWH LQ GLH (UGH XQG ZLUEHOWHQNOHLQH6DQGIRQWlQHQKRFK 'UHLPDO JLQJ GLH +XQGHUWVFKDIW ]XP $QJULII YRU XQG GUHLPDO ZXUGH VLH ]XU 6HQNH ]XUFNJHZRUIHQ $OV 3HWMD ]XP GULWWHQPDO ]XUFNOLHI VDK HU 'ROE\VFKHZ QHEHQ HLQHP=LHVHOORFKOLHJHQ(UODJDXIGHP5FNHQ$OV3HWMD
VLFKEHULKQEHXJWHHQWGHFNWHHUXQWHUKDOEGHU3HO]PW]H DXIGHU6WLUQHLQNOHLQHV/RFK 'LH .XJHO PXWH YRQ GHQ HLJHQHQ /HXWHQ VWDPPHQ 6LH ZDU DXV QlFKVWHU 1lKH DEJHIHXHUWXQGNQDSSEHUP$XJHLQGHQ.RSIJHJDQJHQ =XPYLHUWHQPDOUL.LUMXFKDGHQNUXPPHQNDXNDVLVFKHQ 6lEHO DXV GHU 6FKHLGH EHUIORJ PLW VWXPSIHP %OLFN GLH +XQGHUWVFKDIW XQG NHXFKWH Ä9RUZlUWV -XQJHQV 0LU QDFK³ $EHU NHLQHU UKUWH VLFK HLQ GXPSIHV 0XUPHOQ HUKRE VLFK 0DQVKXOR GHU 0*6FKW]H UL GDV *HZHKUVFKOR UDXVXQGVFKULHÄ:DVQRFKPDO]XU6FKODFKWEDQN"1HLQ ZLUZROOHQQLFKWPHKU³ 3HWMDIKOWHVHLQH)LQJHUNDOWZHUGHQNOHEULJHU6FKZHL EHGHFNWH VHLQHQ .|USHU 0LW IODFNHUQGHU 6WLPPH ULHI HU Ä%UGHU :RIU YHUJLHW LKU %OXW" :RIU JHKW LKU LQ GHQ 7RGXQGW|WHW/HXWHYRQHXUHP6FKODJ"³ 'LH6WLPPHQYHUVWXPPWHQ3HWMD IKOWH GHQ *HZHKUULH PHQLQVHLQHQ+lQGHQVFKZHLIHXFKWZHUGHQ Ä%UGHU ZHUIW GLH :DIIHQ ZHJ +DEW LKU QLFKW DOOH )D PLOLH" 7XWåV HXFK QLFKW OHLG XP )UDX XQG .LQG" 'HQNW GDUDQZDVDXVLKQHQZLUGZHQQLKUIDOOW³ 'HU +XQGHUWVFKDIWVIKUHU JULII QDFK GHU 3LVWROHQWDVFKH $EHU 3HWMD ZDU VFKQHOOHU DOV HU (U UL GDV *HZHKU KRFK XQG VFKR IDVW RKQH ]X ]LHOHQ DXI GHQ RIIHQHQ EODXHQ 8QLIRUPURFN.LUMXFKDGUHKWHVLFKZLHHLQ.UHLVHOXPGLH HLJHQH $FKVH XQG VDQN ]XVDPPHQ GLH +lQGH YRU GLH %UXVWJHSUHW 3HWMD ZXUGH XPULQJW 9RQ KLQWHQ WUDI LKQ HLQ .ROEHQ VFKODJ0DQVWLHLKQ]X%RGHQ'DEHXJWHVLFKGHU0* 6FKW]H 0DQVKXOR YRU XQG EUHLWHWH VFKW]HQG GLH +lQGH EHU LKQ DXV 0LW GURKHQGHU 6WLPPH EUOOWH HU Ä+DOW %ULQJWLKQQLFKWXP/DWLKQHUVW]X(QGHVSUHFKHQGDQQ
EHI|UGHUQ ZLU LKQ LQV -HQVHLWV³ (U ]RJ 3HWMD KRFK XQG VFKWWHOWHLKQÄ6RUHG³ 9RU 3HWMDV $XJH YHUVFKZDPPHQ GLH (UGH XQG GHU DXI JHZKOWH ]HUULVVHQH +LPPHO (U QDKP DOOHQ :LOOHQ ]X VDPPHQXQGVSUDFKÄ6FKODJWPLFKWRWGDQQLVWåVDXVPLW PLU³
9RQKLQWHQVFKULHHLQHUÄ/DXWHUZLUYHUVWHKHQQLFKWV³ 'DZLVFKWHVLFK3HWMDGDV%OXWYRQGHU6FKOlIHXQGVDJWH PLWODXWHU6WLPPHÄhEHUOHJWPLW9HUVWDQG%LV]XUUXPl QLVFKHQ*UHQ]HQLPPW0DFKQRHXFKPLWGDQQEHUOlWHU HXFKHXUHP6FKLFNVDO-HW]WEUDXFKWHUHXFKQRFK:HUHLQ .QHFKW VHLQ ZLOO GHU JHKW PLW LKP QDFK 5XPlQLHQ GLH DQGHUQ PDFKW GLH 5RWH $UPHH QLHGHU 6WUHFNHQ ZLU DEHU MHW]WGLH:DIIHQGDQQWXWXQVNHLQHUZDV³ ,QGHU6HQNHZDUHVIHXFKW6FKZHLJHQ6FKZHUHU$WHP DOVUHLFKHGLH/XIWQLFKWDXV'HU:LQGEUHLWHWHGLH:RONHQ WLHIEHUGLH(UGHKLQ6FKZHLJHQ6FKZHLJHQ
'HU 0*6FKW]H ULHE VLFK GLH 6WLUQ XQG IUDJWH OHLVH Ä6ROGDWHQZLHLVWåV"³ *HVHQNWH.|SIH8QZHLW]HUULGHU+XQGHUWVFKDIWVIKUHU .LUMXFKD GDV +HPG EHU GHU GXUFKVFKRVVHQHQ %UXVW HLQ OHW]WHV 0DO ]XFNWHQ VHLQH %HLQH GDQQ ZXUGH HU VWLOO 1XU HLQ=LWWHUQOLHIQRFKGXUFKVHLQHQ.|USHU Ä:HU VLFK HUJLEW ± QDFK UHFKWV WUHWHQ ZHU QLFKW ± QDFK OLQNV³ HUVFKDOOWH 3HWMDV 6WLPPH 'HU 0*6FKW]H VFKZHQNWH UHVLJQLHUW GLH +DQG XQG WDW HLQ SDDU 6FKULWWH QDFK UHFKWV +DVWLJ VWU]WH LKP HLQ GLFKWHU +DXIH QDFK (WZD DFKW 0DQQ EOLHEHQ VWHKHQ 8QVFKOVVLJ VWDQGHQ VLH GDXQGWUDWHQGDQQ ]|JHUQG ]X GHQ DQGHUQ )QI 0LQXWHQ VSlWHU]RJHQVLHJHVFKORVVHQ]XP6RZFKRV$QGHU6SLW]H 3HWMDXQGGHU0*6FKW]H0DQVKXOR3HWMDWUXJDQHLQHP URVWLJHQ %DMRQHWW HLQ ]HUIHW]WHV 8QWHUKHPG GLH ZHLH )DKQH $XV GHP 7RU GHV 6RZFKRV NDPHQ 0lQQHU 'LH *HZHKUH LP $QVFKODJ GLH %OLFNH PLWUDXLVFK 'UHLKXQ GHUW 6FKULWW YRU GHP 6RZFKRV PDFKWH GLH +XQGHUWVFKDIW KDOW3HWMDXQG0DQVKXORJLQJHQDOOHLQXQGRKQH*HZHKUH ZHLWHU9RQGHUDQGHUQ6HLWHNDPHQLKQHQ]ZHL/HXWHDXV GHP 6RZFKRV HQWJHJHQ $XI KDOEHP :HJ WUDIHQ VLH VLFK 'DV *HVSUlFK ZDU NXU] 'HU HLQH %lUWLJH DXV GHP 6RZ FKRVVFKODQJVHLQHQ$UPXP3HWMDXQGGUFNWHLKQIHVWDQ VLFK 0DQVKXOR VWULFK VLFK GHQ 6FKQXUUEDUW JODWW XQG WDXVFKWHPLWGHPDQGHUHQQDFKDOWHP%UDXFKGUHL.VVH %HLSIOLFKWHQGHV *HPXUPHO HUW|QWH DXI EHLGHQ 6HLWHQ 'LH +XQGHUWVFKDIW ZDUI GLH *HZHKUH DXI HLQHQ +DXIHQ XQG ]RJ HLQ]HOQ ]X ]ZHLW XQG LQ NOHLQHQ *UXSSHQ GXUFK GDVRIIHQH7RUGHV6RZFKRV $XVGHU.UHLVVWDGWNDPHLQ%HYROOPlFKWLJWHUGHU7VFKH ND(UIUDJWH3HWMDQDFKGLHVHPXQGMHQHPVFKULHEVLFKGLH
$XVVDJHQLQVHLQ7DVFKHQEXFKGUFNWH3HWMDEHLGH+lQGH XQGULWWZLHGHUGDYRQ 'LH 0DFKQR/HXWH WUDWHQ WHLOV GHP URWHQ .DYDOOHULHUH JLPHQWEHLGDV0DFKQRV9HUIROJXQJDXIJHQRPPHQKDWWH WHLOVPHOGHWHQVLHVLFKEHLP.ULHJVNRPPLVVDULDWGHUQlFK VWHQ6WDGW3HWMDEOLHELP6RZFKRV 1DFKDOOGHP(UOHEWHQWDWHVZRKOVWLOODXIGHP)HOGEHWW ]XOLHJHQ'HUVFKQHLGHQGH6FKPHU]LQGHUOHHUHQ$XJHQ K|KOH VFKLHQ QDFK]XODVVHQ (V ZDU DOV VHL HU QLH DP )DQJVHLO JHVFKOHLIW XQG KDOEWRW JHSUJHOW ZRUGHQ 'LH *HGDQNHQ PLHGHQ GLH (UOHEQLVVH GHU MQJVWHQ =HLW 3HWMD ZROOWH VLFK QLFKW GDUDQ HULQQHUQ 'RFK DOV HU LP 6RZ FKRVNOXE LQ HLQHQ JHVSUXQJHQHQ 6SLHJHO VDK XQG VHLQ HUGIDKOHV HQWVWHOOWHV *HVLFKW HUEOLFNWH GD YHU]HUUWH VLFK VHLQ 0XQG YRU %LWWHUQLV XQG HV ZUJWH LKQ LQ GHU .HKOH $Q HLQHP 'LHQVWDJDEHQG NDP GHU 6HNUHWlU GHU 6RZFKRV ]HOOHLQ3HWMDV=LPPHUVHW]WHVLFK]XLKPDXIGHQ%HWWUDQG XQG VFKOXJ GLH ODQJHQ LQ -lJHUVWLHIHOQ VWHFNHQGHQ %HLQH XQWHU6LFKUlXVSHUQGVDJWHHUÄ.RPPLQHLQHU6WXQGHLQ GHQ.OXE]XU9HUVDPPOXQJ³ Ä*XWLFKNRPPH³å (UEOLHEQRFKHLQ:HLOFKHQVLW]HQXQGJLQJZLHGHU(LQH 6WXQGHVSlWHUEHWUDW3HWMDGHQ.OXEUDXP(VVSUDFKHQGHU 6RZFKRVYRUVLW]HQGH GHU $JURQRP GHU =LHJHOHLGLUHNWRU XQG GHU 9HWHULQlU 3HWMD K|UWH QFKWHUQH =DKOHQ VDK HLQ /HEHQ JOHLFKPlLJZLHHLQ8KUZHUN DEODXIHQ (LQ 3URWR NROO(LQH5HVROXWLRQ9LHOH:QVFKH %HLP 3XQNW Ä6RQVWLJHV³ EDW GHU =HOOHQVHNUHWlU XPV :RUWÄ*HQRVVHQLQXQVHUHP6RZFKRVLVWGHU.RPVRPRO ]H 3MRWU .UHPQMRZ ,KU ZLW GD GHU 6RZFKRV QXU GDQN VHLQHP(LQJUHLIHQQRFKVWHKW'LH =HOOHVFKOlJWYRU3MRWU .UHPQMRZELV]XVHLQHU*HQHVXQJLQGLH6WDGW]XVFKLFNHQ
XQG LKP GDQQ LQ XQVHUHU =LHJHOHL HLQH IUHL JHZRUGHQH 6WHOOH ]X JHEHQ :LU VWLPPHQ DE :HU LVW GDIU" 6WLPP HQWKDOWXQJHQ"(LQVWLPPLJDQJHQRPPHQ³ 'RFK 3HWMD ZDU DXIJHVWDQGHQ 9RQ GHU OHHUHQ $XJHQ K|KOH UDQQ LKP HLQH UDVFKH WUEH 7UlQH EHU GLH :DQJH 6HLQH /LSSHQ ]LWWHUWHQ 6R VWDQG HU OLH GHQ %OLFN YRQ HLQHP ]XP lQGHUQ JHKHQ XQG VDJWH PLW VFKZHUHU =XQJH Ä,FKGDQNHXFK$EHULFKNDQQQLFKWKLHUEOHLEHQ*HUQWDW LFK EHL HXFK DUEHLWHQ $EHU GLH 6DFKH LVW GLH « MD GLH 6DFKHLVWEHLHXFKJHKWDOOHVZLHDP6FKQUFKHQDEHULQ XQVHUHU 6WDQL]D ZR LFK KHUNRPP GD KDSHUWåV QRFK 1XU PLW 0K XQG 1RW KDEHQ ZLU LQ GLH 6DFKH HLQ ELFKHQ 6FKZXQJJHNULHJWXQGHLQH=HOOHJHJUQGHW9LHOHZHUGHQ QLFKW PHKU GDVHLQ 'LH 0DFKQR/HXWH KDEHQ VLH XPJH EUDFKW,FKZLOOLQXQVHUH6WDQL]DGDIHKOWåVDQ/HXWHQ³ 6FKZHLJHQ $OOH ZDUHQ HLQYHUVWDQGHQ 6WLOO ZDU HV LP .OXE )DVW GHU JDQ]H 6RZFKRV EHJOHLWHWH LKQ $OV 3HWMD $E VFKLHG QDKP XQG GHQ %HUJ KLQDQVWLHJ GlPPHUWH HV $XI GLH 6WUDH DXI GHQ VWXPPHQ =XJ GHU 7HOHJUDIHQVWDQJHQ ULHVHOWHGLH'XQNHOKHLWQLHGHU 'LHDOWH+HWPDQVWUDHNURFKEHUPUULVFKHEUHLWVWLUQLJH %HUJH LPPHU GHQ 'RQ HQWODQJ 6FKZHLJHQG VFKULWW 3HWMD DXV 6HLQ 7ULWW W|QWH KHOO GXUFK GLH ]lKH )LQVWHUQLV GLH |GH VWLOOH 1DFKW 8QWHU VHLQHQ 6RKOHQ NQLUVFKWH 5DXKUHLI 'LH (LQGUFNH GHU 3IHUGHKXIH ZDUHQ PLW HLQHU GQQHQ (LV VFKLFKW EHU]RJHQ .OLUUHQG VSOLWWHUWH GDV (LV XQG KRFK TXROOJOXFNVHQGGXQNOHVNDOWHV:DVVHU +LQWHU HLQHP .XUJDQ HLQHP :lFKWHU GHU 6WUDH UROOWH GXQNHOURW YRU $QVWUHQJXQJ GHU 0RQG KHUYRU .UXPPH
6FKDWWHQKXVFKWHQ JHLVWHUKDIW EHU GLH 6WHSSH :LH 6LOEHU JOlQ]WH GLH 6WUDH XQG EOlXOLFK OHXFKWHWH GDV (LV GHV )OXVVHV 6FKZHLJHQG JLQJ 3HWMD PLW RIIHQHP 0XQGH JLHULJ GLH /XIWVFKOXFNHQG'HUZHONH:HUPXWDP6WUDHQUDQGURFK QDFKELWWHUHP6FKZHL 'LH 6WUDH ZDQG VLFK HQGORV GDKLQ GRFK 3HWMD VFKULWW IHVWHQ6FKULWWHVGHUKHUDXI]LHKHQGHQ1DFKWHQWJHJHQ9RQ GHU EODXHQ +LPPHOVGHFNH EOLQNWH PLW EODJUQHP /LFKW HLQIQI]DFNLJHU6WHUQ