)
>begdkZY6^gGZbdkVa
KVXjjb8nXaZh
I]ZhiZg^a^oZgÉhkVXjjbejbeZ[ÒX^ZciangZbdkZhgZh^YjVaV^geg^dg
idhiZg^a^oVi^dc!ZcVWa^c\Z[[ZXi^kZeZcZigVi^dcd[hiZVb#
I]Zedhi"kVXjjbYgn^c\e]VhZ!Vii]ZZcYd[i]ZhiZg^a^oVi^dcXnXaZ!
ZchjgZhXdbeaZiZYgn^c\d[edgdjhadVYhVcY]daadl^chigjbZcih#
I]^h\jVgVciZZhi]ViZkZci]ZbdhiY^[ÒXjaiadVYhl^aaZVh^angZVX]
hiZg^a^inVhhjgVcXZaZkZah#
6YkVcXZYHiZg^a^oVi^dc8nXaZh
;
%
8nXaZ
Ä
;
%
Xdcigda ZcVWaZh gZYjXZY bZY^V ZmedhjgZ id ]^\]
iZbeZgVijgZhi]ZgZWngZYjX^c\XnXaZi^bZVcYegZkZci^c\YVbV\Z
id iZbeZgVijgZ hZch^i^kZ bZY^V# I]Z ZmedhjgZ i^bZ bZVhjgZ ^h
XVaXjaViZY jh^c\ Va\dg^i]b WVhZY hd[ilVgZ [gdb i]Z i^bZ i]Z
iZbeZgVijgZhZchdg^ci]ZadVY]VhgZVX]ZYVegZYZiZgb^cZYhZi
ed^cijci^ai]ZZcYd[i]ZhiZg^a^oVi^dchiV\Z#
HigZVb^c\ HiZVb 8nXaZ &%*8 Ä
I]Z higZVb^c\ XnXaZ ^h
bdhiXdbbdcanjhZY[dgbZai^c\V\Vg^cEZig^Y^h]Zh#>i^hVadl
iZbeZgVijgZhVc^iVi^dcXnXaZhZiVi&%*8#HiZVb^hVaadlZYidZciZg
i]ZX]VbWZgVcYi]Z[VhiZm]VjhikVakZ^hdeZcZYidVaadlhiZVb
idhigZVbdkZgi]ZXdciZcihd[i]Zjc^i#
9^h^c[ZXi^dc$>hdi]ZgbVa 8nXaZ ,%".*8 Ä
6 ÓZm^WaZ adl
iZbeZgVijgZ XnXaZ ZcVWaZh Y^h^c[ZXi^dc ÆadlÇ iZbeZgVijgZ
^hdi]ZgbVa#IZbeZgVijgZgVc\ZhZii^c\hVgZÓZm^WaZl^i]^c,%8
6YkVcXZYDei^dch
I]ZVYkVcXZYdei^dchVgZYZh^\cZYheZX^ÒXVaan[dgjhZ^cXaZVc
hiZVbhnhiZbhi]ViYZbVcYhVc^iVgnXdcY^i^dchWZbV^ciV^cZY#
I]ZnVgZYZh^\cZYidhVi^h[ni]Zhig^c\ZcigZfj^gZbZcihd[i]Z[ddY
egdXZhh^c\!e]VgbVXZji^XVaVcYW^diZX]cdad\n^cYjhig^Zh#
(&+A\gVYZhiV^caZhhhiZZae^e^c\!Òii^c\hVcYXdbedcZcihVgZjhZY
[dgXaZVchiZVbXdciVXihjg[VXZh#=^\]fjVa^inhiZVbXVcWZjhZY
[dgi^hhjZXjaijgZ!hiZg^aZlViZgegZeVgVi^dc!gZhZVgX]VcYdi]Zg
Veea^XVi^dch#
I]ZHVc^iVgnIg^"8aVbe;^ii^c\h
VgZbVcj[VXijgZY[gdbhiV^caZhh
hiZZa#6aahjg[VXZhVgZÒcZanÒc^h]ZYVcYhbddi]ZY[dgcdc"
XdciVb^cVi^c\Ódlh#I]ZnZa^b^cViZi]Zedhh^W^a^ind[ZmiZgcVa
XdciVb^cVi^dceZcZigVi^dci]gdj\]i]ZkVakZhVcYe^e^c\XdccZXi^dc
VgZVhVcYVYYg^\^Y^inidi]Ze^e^c\hnhiZb#
I]ZHZeVgViZ?VX`ZiVcY8]VbWZg8dccZXi^dch
ZcVWaZgZVX]^c\
hiZg^a^oVi^dciZbeZgVijgZh[VhiZgVcY^begdkZiZbeZgVijgZXdcigda#
>i^hjhZY[dghiZg^a^o^c\a^fj^YhVcY^hk^iVal]Zcldg`^c\l^i]XaZVc
hiZVb#
69^Ve]gV\bKVakZ
^hjhZYidegZkZciW^d"WjgYZc#
I]Z=di"LZaa
^hVhiV^caZhhhiZZalViZggZhZgkd^g!^cl]^X]i]ZlViZg
^h]ZViZYid-%".%°8eg^dgidZciZg^c\i]ZhiZVb\ZcZgVidg#I]Z
]di"lZaaZcVWaZhi]ZgZbdkVad[Cdc"8dcYZchVWaZ<VhZh#
HVc^iVgn6^g;^aiZg
ÄVWVXiZg^VgZiZci^dcV^gVYb^hh^dcÒaiZgegdk^YZh
VcVYY^i^dcVaaZkZad[hZXjg^in#I]ZÒaiZg^heZg^dY^XVaanhiZg^a^oZY
Wni]ZVjidXaVkZ#
8aZVcHiZVb<ZcZgVidgh
IjiicVjZgd[[ZghildineZhd[XaZVchiZVb\ZcZgVidgh/
I]ZHiV^caZhhHiZZaHiZVb<ZcZgVidgÉh
XdbedcZcih!
^cXajY^c\]ZViZghVcYe^e^c\VgZXdchigjXiZY[gdb(&+A
\gVYZhiV^caZhhhiZZa#
I]ZHiZVbidHiZVb<ZcZgVidg
^hV]^\]anVYkVcXZY
XaZVchiZVb\ZcZgVidgl]^X]VhhjgZhXaZVchiZVb#>ijhZh
hiZVbVhi]ZZcZg\nhdjgXZ#>i^hXdchigjXiZY[gdb(&+A
\gVYZhiV^caZhhhiZZa#