'DVQHXH$EHQWHXHU
+HUEHUW)ULHGULFK'HU7RGGHV*HLJHUV 9HUODJ1HXHV/HEHQ%HUOLQ 9E\'XPPH3XWH
'LH(U]l...
132 downloads
676 Views
452KB Size
Report
This content was uploaded by our users and we assume good faith they have the permission to share this book. If you own the copyright to this book and it is wrongfully on our website, we offer a simple DMCA procedure to remove your content from our site. Start by pressing the button below!
Report copyright / DMCA form
'DVQHXH$EHQWHXHU
+HUEHUW)ULHGULFK'HU7RGGHV*HLJHUV 9HUODJ1HXHV/HEHQ%HUOLQ 9E\'XPPH3XWH
'LH(U]lKOXQJHUVFKLHQLQGHP%DQG Ä'HUHUVWH5HJHQIlQJWPLW7URSIHQDQ³XQWHUGLHVHP7LWHO ,OOXVWUDWLRQHQYRQ)UDQN7RSSH
9HUODJ1HXHV/HEHQ%HUOLQ /L]HQ]1U /69 8PVFKODJ)UDQN7RSSH 7\SRJUDILH&KULVWHO5XSSLQ 6FKULIWS([FHOVLRU *HVDPWKHUVWHOOXQJ 'UXFNHUHL1HXHV'HXWVFKODQG%HUOLQ %HVWHOO1U ''50
:LUVWDQGHQLPQDVVHQ6FKQHHWUHLEHQDXIGHP PLW 3ODW WHQ EHOHJWHQ $SSHOOSODW] GHV %DUDFNHQODJHUV GDV DQ GHU /DQGVWUDHQDFK1DNHOODJ'HU:LQGIHJWHEHUGLHWLVFK HEHQH /DQGVFKDIW 1RUGSROHQV 'LH GQQHQ 0lQWHO VFKOX JHQXPXQVHUH.QLH:LUZXWHQQLFKWPHKUREGLH%HLQH ZLUNOLFK YRU .lOWH ]LWWHUWHQ RGHU RE QXU GLH %HZHJXQJHQ GHV0DQWHOVWRIIHVWlXVFKWHQ0LOLWlULVFKH+DOWXQJLQ=LYLO PLOLWlULVFKH )RUPDWLRQ LQ =LYLO ERWHQ HLQ %LOG GHU 8Q]X OlQJOLFKNHLW (LQH 6WXQGH ZDUWHWHQ ZLU EHUHLWV GDUDXI GD ZLU GLH 5lXPH ]XJHZLHVHQ EHNlPHQ LQ =JH HLQJHWHLOW XQG HLQ JHNOHLGHWZUGHQ 9RU XQV GLH +lQGH WLHI LQ GHQ 7DVFKHQ YHUJUDEHQ JLQJ HLQNOHLQHUIDVW]LHUOLFKHU0DQQDXIXQGDEEHJOHLWHWYRQ HLQHP 6FKlIHUKXQG LQ GHVVHQ )HOO :DVVHUWURSIHQ KLQJHQ 'HU 0DQQ ZDU QDFK GHQ 6FKXOWHUVWFNHQ DXI VHLQHP 0DQWHO]XXUWHLOHQ8QWHUIHOGPHLVWHU 2K LFK KDWWH GLH 5DQJDE]HLFKHQ GHV 5HLFKVDUEHLWVGLHQ VWHV JXW JHOHUQW :LH RIW ZDU XQV YHUVLFKHUW ZRUGHQ Ä,KU VHLG 2EHUVFKOHU ,KU KDEW HLQ ELFKHQ PHKU LP .RSI DOV GLH DQGHUHQ (XFK ZLUG PDQ EHVRQGHUV ]ZLHEHOQ 'DV LVW GLH 5DFKH GHV NOHLQHQ 0DQQHV³ (V ZDU JXW GHP YRU]X EHXJHQXQGDXFKKLHUVHLQ3HQVXP]XOHUQHQ 'LH =HKHQ ZDUHQ IDVW JHIKOORV GRFK LFK ZDJWH QLFKW PLW GHQ %HLQHQ DXI]XVWDPSIHQ 'HU NOHLQH 0DQQ YRU XQV ZUGH =XJIKUHU VHLQ (V ZlUH QLFKW JXW GDQQ LQ VHLQHQ =XJ ]X NRPPHQ :DV QW]WH GLH JHOHUQWH 5DQJRUGQXQJ ZHQQ PDQ LP IDOVFKHQ $XJHQEOLFN PLW GHQ )HQ DXI VWDPSIWH 'DV 6FKQHHWUHLEHQ ZDU VWlUNHU JHZRUGHQ 9RQ GHU . FKHQEDUDFNH PLW GHQ KRKHQ 5DXFKIlQJHQ XQV JHJHQEHU ZDU QLFKWV PHKU ]X VHKHQ 9RUKLQ ZDU GRUW :lUPH YHU
KHLHQGGLFNHU5DXFKKHUYRUJHTXROOHQ -HW]W VWRE GHU 6FKQHH ZDDJHUHFKW SDUDOOHO ]X XQVHUHU )URQW GXUFK GLH /XIW 0HLQH OLQNH *HVLFKWVKlOIWH EUDQQWH ZLH)HXHU*XWGDGLH.FKHQEDUDFNHYHUKOOWZDU:DV QW]WH GHP +XQJULJHQ HLQ 6WLOOHEHQ YRQ 6Q\GHUV *XW VR GHUGLFKWHUH6FKQHHIDOOJDEXQV*HOHJHQKHLWGLH%HLQH]X EHZHJHQGLH)LQJHU]XNUPPHQXQG]XVWUHFNHQ ,FK ZDUI HLQHQ UDVFKHQ %OLFN DXI GLH 8KU )QIXQGVLHE ]LJ 0LQXWHQ ZDUWHWHQ ZLU EHUHLWV 'DV ZDUHQ IU XQV LP :LUEHOVSLHOGHU)ORFNHQHEHQVRYLHOH6WXQGHQ1LFKWPHKU ODQJH GDQQ XPJDE XQV DXHU GHP 6FKQHHUHJHQ GLH 'XQ NHOKHLW *HOREW VHL ZDV KDUW PDFKW GDFKWH LFK 8QG +DUW ZLH .UXSSVWDKO « 'DV ZDU YRP )KUHU GDV ZDU LPPHU JXW 8QG 'LH +lOIWH VHLQHV /HEHQV ZDUWHW GHU 6ROGDW YHUJH EHQV0HLQH)XVSLW]HQVFKOXJHQJHJHQGHQ.RIIHU 'DV 6FKQHHWUHLEHQ OLH HWZDV QDFK JDE GHQ 8QWHUIHOG PHLVWHU IUHL GDQQ GLH .FKHQEDUDFNH 'RFK GHU 8QWHU IHOGPHLVWHUZXWHZDUXPZLUZDUWHWHQ,FKYHUWUDXWHLKP (UZDULQ2UGQXQJHUKLHOWEHLXQVDXVLQGLHVHP6FKZHL QHZHWWHU:DUXPOLHHUXQV DEHU QLFKW EHZHJHQ" :DUXP JLQJHVQLFKWYRUZlUWV" 'LH)XVSLW]HNORSIWHJHJHQGHQ.RIIHU (U ZDU JXW (U ZDU WLHUOLHE :LH DQKlQJOLFK VHLQ +XQG ZDU :LH HU KLQWHU LKP KHU WURWWHWH VLFK KLQVHW]WH ZHQQ VHLQ +HUU VWHKHQEOLHE (LQ VFK|QHU JURHU YHUVWlQGLJHU 6FKlIHUKXQG :DUXP OLH GHU 8QWHUIHOGPHLVWHU VHLQHQ +XQG EHL GLH VHP6FKQHH«" 9HUGDPPWHU .RIIHU 6WHKVW GX LPPHU QRFK YRU PHLQHQ )HQ 0HLQOLQNHU1DFKEDUULPLFKDXVGHP*UEHOQ(UVWLH
PLFK PLW GHP (OOERJHQ LQ GHQ 2EHUDUP Ä'LH 5DFKH GHV NOHLQHQ0DQQHV³IOVWHUWHHU ,FK VFKLHOWH ]XU 6HLWH 0HLQ OLQNHU 1DFKEDU WUXJ HLQH %ULOOH Ä0LFKIULHUW³VDJWHHU :LOOVWGXZRKOVWLOOVHLQ%ULOOHQVFKODQJHGDFKWHLFKXQG EOLFNWH]XGHP9RUJHVHW]WHQ 'HU.RIIHUGHV%HEULOOWHQQHEHQPLUZDUJU|HUDOVPHL QHUGRFKZDUHU]LHPOLFKVFKlELJ0HLQHQKDWWHGLH0XW WHUH[WUDIUGLH$UEHLWVGLHQVW]HLWJHNDXIW :LHGHU NQXIIWH PLFK PHLQ OLQNHU 1DFKEDU Ä:LH ODQJH ZLOOXQVGHU0DQQQRFKVWHKHQODVVHQ"³ Ä'HU 0DQQ³ KDWWH HU JHVDJW (U ZXWH QRFK QLFKW HLQ PDOGDHVHLQ8QWHUIHOGPHLVWHUZDU:LHKLHGHU(LQIlO WLJHZRKO" ,FKVWUHQJWHPHLQH$XJHQDQXP VHLQ .RIIHU VFKLOG]XHUNHQQHQ %UDXQVFKZHLJ ODV LFK (ULFK %RGHQEHUJ EXFKVWDELHUWH LFK :LHGHU ZDJWH LFK HLQHQ %OLFN QDFK OLQNV 1HWWH 6HQ GXQJDXV%UDXQVFKZHLJ6HHKXQGVNRSIPLW%ULOOH 'LH KLQWHU 6FKLFKWZRONHQ YHUERUJHQH 6RQQH VFKLFNWH VLFK DQ XQWHU GHQ +RUL]RQW ]X WDXFKHQ GHQ 5HVW GHV HU ElUPOLFKHQ7DJHVOLFKWHVPLWVLFKQHKPHQG :HQQPLFK0XWWHUVRJHVHKHQKlWWH,FKKDWWHLKUHJXWHQ 5DWVFKOlJHLP2KUGLHVLHPLUJHJHEHQKDWWHDOVZLUEHU GLH (OEEUFNH ]XP %DKQKRI JHJDQJHQ ZDUHQ ZDUP DQ ]LHKHQ QLFKW DXIIDOOHQ RIW VFKUHLEHQ XQG VR ZHLWHU 6LH KDWWH XQWHU GHP JURHQ %DKQKRIVVFKLOG Ä3LUQD³ VR ODQJH JHVWDQGHQXQG JHZLQNW ZLH VLH GHQ =XJ EHUKDXSW VHKHQ NRQQWH 9DWHUKDWWHGHQ$EVFKLHGNU]HUJHPDFKWÄ:HUEHIHKOHQ ZLOOPXJHKRUFKHQOHUQHQ³KDWWHHUJHVDJW'DQQZDUHU LQGLH*ODVZHUNHJHJDQJHQZRHU$EWHLOXQJVOHLWHUZDU(U
KlWWHPLFKJHUQDOV2IIL]LHUJHVHKHQ Ä$UEHLWVPlQQHU³ ,FKIXKU]XVDPPHQ'HU8QWHUIHOGPHLVWHUVWDQGSO|W]OLFK QLFKW PHKU DOOHLQ YRU XQV (LQ *URHU 6FKODQNHU QHEHQ LKPEUDFKWHXQVGLH(UO|VXQJ Ä,FK ELQ HXHU $EWHLOXQJVIKUHU 2EHUIHOGPHLVWHU .DLVHU ,FKWHLOHHXFKMHW]WLQ=JHHLQ'DQQJHKWHVJUXSSHQZHL VH]XP.ODPRWWHQHPSIDQJ³ ,FK VFKDXWH ]XU 8KU 1HXQ]LJ 0LQXWHQ JHVWDQGHQ 'LH 5DFKHGHVNOHLQHQ0DQQHVZDUEHHQGHW,FKlUJHUWHPLFK GDLFKGLHVGDFKWHGDHVDXFKGLH*HGDQNHQGHVEHEULOO WHQ6HHKXQGVNRSIHVZDUHQ 'HUNOHLQH8QWHUIHOGPHLVWHUZDUPHLQ=XJIKUHUJHZRU GHQXQGGHU%UDXQVFKZHLJHUNDPPLWPLUDXIHLQH6WXEH %HL /LFKWH EHVHKHQ IDQG LFK GD VHLQ .RSI DXHU GHU UXQGHQ)RUPZHQLJbKQOLFKNHLWPLWHLQHP6HHKXQGKDWWH 'HQQRFKZXUGHHUPLUQLFKWV\PSDWKLVFKHU 5DVFK YHUJLQJHQ GLH 7DJH LQ XQJHZRKQWHP 'LHQVW UD VFKHU GLH 1lFKWH LQ WLHIHP NUlIWHVDPPHOQGHP 6FKODI 5DVFK ZHFKVHOWHQ GLH 1DFKULFKWHQ EHU GHQ 9HUODXI GHU )URQWEHUGLH6WHOOXQJHQGHU5RWHQ$UPHHXQGGLH$XI JDEH YRQ 6WlGWHQ UDVFKHU GLH *HUFKWH EHU XQVHUHQ NQIWLJHQ(LQVDW] 'HQQ HLQV ZDU XQV LQ]ZLVFKHQ NODUJHZRUGHQ 0LW GHP 6SDWHQ EWHQ ZLU QXU *ULIIH ,P 0LWWHOSXQNW GHU $XVELO GXQJVWDQGGDV*HZHKU 5DVFK HQWVWDQGHQ )UHXQGVFKDIWHQ ]ZLVFKHQ XQV :LU ZXUGHQKDUWDQJHIDWDOVRUFNWHQZLUZLHEHGURKWH6FKD IHHQJ]XVDPPHQ %RGHQEHUJGHU%UDXQVFKZHLJHUVWDQGDXHUKDOE 9LHOOHLFKWZDUHQXQVVHLQH$XJHQKLQWHUGHQGLFNHQ*Ol VHUQHWZDV]XIHUQ]XZHLWHQWUFNW9LHOOHLFKWEOLHEHUXQV
IUHPGZHLOHUHLQDQGHUHV*HVLFKWKDWWHZHQQHUGLH%ULOOH DEQDKP 6HLQH IDVW ZLPSHUQORVHQ $XJHQ EOLFNWHQ GDQQ WUEH XQG NUDIWORV 8P VHLQH /LSSHQ WULHE HV EHUHLWV VFKZlU]OLFKH %DUWKDDUH KHUYRU 6FKZDU]H +lUFKHQ EH GHFNWHQ GLH +DQGUFNHQ ZLH OlVWLJHV 8QNUDXW (U VFKLHQ XQVGLH9HUN|USHUXQJGHV.UDQNHQ.UDIWORVHQ0DWWHQVR GD ZLU LQ XQVHUHU GHUEHQ UREXVWHQ *HVXQGKHLW VHLQHU QLFKWDFKWHWHQ (LQH :RFKH QDFK GHU 9HUHLGLJXQJ VDHQ ZLU EHVRQGHUV IURK JHVWLPPW LP 6SHLVHUDXP $XI MHGHP 7HOOHU ODJ HLQ 6WFN.DOEVEUDWHQ5RWNRKOGDPSIWHLQJURHQ6FKVVHOQ 3XGGLQJ PLW +LPEHHUVDIW JDE HV 0XWWHU EUDXFKWH PLU ZDKUKDIWLJNHLQ)UHSDNHW]XVFKLFNHQ 'DV VFK|QVWH DQ GLHVHP 6RQQWDJ DEHU ZDU GD ZLU GDV HUVWHPDOLQGLH6WDGWJHKHQGXUIWHQ$XVJDQJELV]ZHLXQG ]ZDQ]LJ 8KU 'DV .ODSSHUQ GHV %HVWHFNV XQG GHV *H VFKLUUVZDUGLHUHFKWH0XVLNIUXQV'HQQIUGHQ1DFK PLWWDJKDWWHQZLUXQVDOOHUKDQGYRUJHQRPPHQ 3O|W]OLFKEOLHEHQGLH7LVFKGLHQVWHVWHKHQ8QVHU=XJIK UHUGHUNOHLQH8QWHUIHOGPHLVWHU6WDQJHKDWWHVLFKHUKREHQ $Q GDV XQDQJHQHKPH 4XDUUHQ VHLQHU 6WLPPH KDWWH LFK PLFK JHZ|KQW 0LW GHU 5HFKWHQ VWW]WH HU VLFK OHLFKW DXI GHQ 7LVFK 'LH OLQNH 6FKXOWHU VFKRE HU ZHLW QDFK YRUQ ZlKUHQG VHLQ OLQNHU $UP ZLH OHEORV KHUDEKLQJ Ä5XKH³ ULHIHU 'LH*HUlXVFKHHEEWHQDE(VZDUVHOWHQGD6WDQJHGDV :RUWDQXQVULFKWHWH0HLVWVSUDFKHUPLWXQVQXUEHUGLH *UXSSHQIKUHU1DFKNXU]HU=HLWZDUY|OOLJH6WLOOHHLQJH WUHWHQ Ä,KU KDEW VFKRQ ODQJH DXI HXHUQ HUVWHQ $XVJDQJ JHZDU WHWGDVNDQQLFKPLUGHQNHQ³ :LU ODXHUWHQ JHVSDQQW :ROOWH HU XQV GHQ $XVJDQJ YHU
ELHWHQ"Ä6HKWHXFKUXKLJXPLQGHU6WDGW$EHULFKZDUQH HXFK/DWHXFKQLFKWPLWGHQ3RODFNHQHLQ'DLKUHXFK QLFKW PLW GHQ %XUVFKHQ UXPNORSSW JODXEH LFK HXFK JHUQ 3DWPLUDEHUDXIEHLGHQ:HLEHUQ³ 0HLQ*HJHQEHUGHUVRPPHUVSURVVLJH0DQIUHG%WWHQ NQLII HLQ $XJH ]X XQG ODFKWH PLFK YHUVWlQGQLVLQQLJ DQ %RGHQEHUJ QHEHQ LKP KDWWH GLH /LSSHQ YHUlFKWOLFK ]X VDPPHQJHNQLIIHQ 6WDQJH VWW]WH VLFK DXI GHQ 7LVFK ZLH HLQ DOWHU )HOGKHUU DXI VHLQ 6FKZHUW Ä1DSROHRQ QDFK GHU (LQQDKPHYRQ$VSLULQ³IOVWHUWHPLUPHLQOLQNHU1DFKEDU ]X (U KLH *RWWIULHG 6FKHPPHO HLQ VWlPPLJHU ZLW]LJHU %DXHUQMXQJH DXV GHU 1lKH YRQ &KHPQLW] ,FK PXWH OD FKHQ6WDQJHDEHUUHGHWH Ä0LWHXUHU/|KQXQJNRPPWLKUGDQLFKWUDQ³TXDUUWHHU ÄXQGZDVEHNRPPWLKU"³ 6WDQJHKDWWHVHLQHQJURHQ7DJ,QVHLQHPVSLW]HQPDV NHQKDIWHQ*HVLFKWYHU]RJVLFKNHLQH0LHQH.DXPGDHU GLH/LSSHQEHZHJWHOLHHUVLFK DXVEHU 7ULHEHXQG$Q VWHFNXQJHQ 1XU VHLQH $XJHQ IODFNHUWHQ 6WDQJH OLHI OHHU YRQ8QIODW $OOHLQZLUZDUHQEHJHLVWHUW6WDQJHNOlUWH XQV DXI:LU 6LHE]HKQMlKULJHQ ZDUHQ 0lQQHU GHQHQ 6WDQJH HWZDV ]XWUDXWH 'LH (UPDKQXQJHQ PHLQHU 0XWWHU ZDUHQ JDQ] DQGHUHU $UW JHZHVHQ :LU VWLHHQ XQV JHJHQVHLWLJ DQ %WWHQO|IIHOWHVHLQHQ3XGGLQJ 3O|W]OLFK VWDQG %RGHQEHUJ DXI 6HLQ 6WXKO NLSSWH SRO WHUQGQDFKKLQWHQ Ä6FKQHOO-XVW³ULHIPLU%WWHQ]XÄ'HQKDWåV³ 'RFK VFKRQ HUEUDFK VLFK %RGHQEHUJ HLQHQ ZLGHUOLFKHQ *HUXFKYHUEUHLWHQG
6WDQJHYHUKDUUWHLQVHLQHU)HOGKHUUQSRVHXQGEHWUDFKWHWH NKO PLW HLQHP 6FKX 1HXJLHU VHLQ EHVXGHOWHV 2SIHU %WWHQXQGLFKVFKOHSSWHQLKQKLQDXVLQGLH:DVFKEDUDFNH %WWHQV 6RPPHUVSURVVHQ VFKLHQHQ VLFK GXQNOHU ]X IlU EHQ Ä.RW]W PLU LQ GHQ 3XGGLQJ GDV 6FKZHLQ³ VDJWH HU LPPHUZLHGHUVWDXQHQG %RGHQEHUJ OLH VLFK ZLOOLJ EHU GHQ YHUVFKQHLWHQ 3ODW] IKUHQÄ0LULVWVFKRQEHVVHU³VDJWHHUHQWVFKXOGLJHQG $OV ZLU LKQ DXI GLH 6WXEH JHEUDFKW KDWWHQ UFNWHQ GLH DQGHUHQ EHGURKOLFK QlKHU 'HU 8QWHUIHOGPHLVWHU KlWWH GHU 6WXEHGHQ$XVJDQJVSHUUHQZROOHQ1XUDXV5FNVLFKWDXI GLH PlQQOLFKH +DOWXQJ GHU EULJHQ ZROOWH HU GDYRQ DEVH KHQ'HUMHQLJHDEHUGHUGLH$WPRVSKlUHGHV6SHLVHUDXPHV YHUSHVWHWKlWWHVROOWHGLHVHQPLW:DVVHUXQG6FKUXEEHUDP 1DFKPLWWDJ VlXEHUQ Ä$E -XVW LQ GLH 6WDGW³ ULHI %WWHQ XQGZLQNWHPLU 'UHLDQGHUHJHVHOOWHQVLFK]XXQV(VZDUHQ2EHUVFKOHU ZLH ZLU GLH VLFK ELVKHU QDFK NHLQHU 6HLWH KHUYRUJHWDQ KDWWHQJHZLOOWGLHGUHLPRQDWLJH'LHQVW]HLWRKQH6FKDGHQ GXUFK]XVWHKHQ .XUW7DW]HO6RKQHLQHV*HVFKlIWVLQKDEHUVXQG*HUKDUG
)DELDQ GHU ZLH VHLQ 9DWHU 2IIL]LHU ZHUGHQ ZROOWH ZDUHQ JHPHLQVDP LQ )UDQNHQEHUJ ]XU 6FKXOH JHJDQJHQ 'HU GULWWHGHUXQVEHJOHLWHWHZDU*RWWIULHG6FKHPPHO :LUEUVWHWHQQRFK HLQPDO EHU GLH 8QLIRUP EHYRU ZLU XQV EHL *UXSSHQIKUHU %|GHOILQJHU DEPHOGHWHQ (V ZDU QLFKWJXWKHXWHQRFK6WDQJHXQWHUGLH$XJHQ]XWUHWHQ $OVZLUDQGHU:DFKHYRUEHLJLQJHQIURKODXIHQ]XN|Q QHQZLH HV XQV EHOLHEWH VDK LFK ZLH %RGHQEHUJ LP 'ULO OLFK]HXJ]ZHL(LPHUDXVGHU:DVFKEDUDFNHVFKOHSSWH
(V ZDU HLQ VFK|QHU 6SlWIHEUXDUWDJ 'LFNH 4XHOOZRONHQ VWDQGHQ DP +LPPHO XQG ZR GLH 6RQQH =XJDQJ KDWWH ZHLFKWH VLH 6FKQHH (LV XQG (UGH DXI 9RUVLFKWLJ GDPLW QLFKW GLH +RVHQEHLQH EHVSULW]W ZUGHQ OLHIHQ ZLU DP 6WUDHQUDQG QDFK 1DNHO 0HLVW PXWHQ ZLU LP *lQVH PDUVFK JHKHQ 'DV WDW DEHU XQVHUHU 8QWHUKDOWXQJ NHLQHQ $EEUXFK :LH YLHOILQJULJH +lQGH UHFNWHQ VLFK GLH HQWODXEWHQ .D VWDQLHQ 'LH EDXIlOOLJH :LQGPKOH XQZHLW GHU $OOHH VDK DXVZLHIULVFKJHZDVFKHQ :DV :XQGHU ZHQQ ZLU IQI YRQ GHU +HLPDW XQG XQVH UHP ELVKHULJHQ /HEHQ EHULFKWHWHQ 1RFK HKH GLH VFKPXFNORVHQ %DFNVWHLQNlVWHQ GHU 6WDGW DXIWDXFKWHQ KDWWHQ ZLU EHL XQV JHPHLQVDPH )lKLJNHLWHQ XQG 1HLJXQ JHQ HQWGHFNW :LU PXVL]LHUWHQ JHUQ )U GHQ 5HVW GHV :HJHVZDUHQ ZLUPLW *HVSUlFKVVWRII YHUVRUJW hEHUPWLJ LPLWLHUWHQZLUGLH,QVWUXPHQWHGLHZLUVSLHOHQNRQQWHQ Ä8QWHU HLQHP 5HJHQVFKLUP DP $EHQG³ VDQJ %WWHQ LQ GLHVWUDKOHQGH6RQQHKLQHLQYHUKDOWHQYRQPLUPLWHLQHP ]DUWHQ *HLJHQWRQ EHJOHLWHW :XFKWLJ VHW]WH GHV VRQVW VR VWLOOHQ )DELDQV 7URPSHWH HLQ ZlKUHQG 6FKHPPHO PLW GHU :LHGHUJDEHVHLQHV6FKLIIHUNODYLHUV6FKZLHULJNHLWHQKDWWH
Ä«KDELFKVLHGDVHUVWHPDOJHVHKHQ«³ %WWHQV6RPPHUVSURVVHQWDQ]WHQEHLP6LQJHQ.XUW7DW ]HOVFKORPLWHLQHPZUGLJHQ6D[RSKRQVROR $OV ZLU GDQQ LP .LQR VDHQ XQG Ä'LH )UDX PHLQHU 7UlXPH³ VDKHQ ZXQGHUWH LFK PLFK GD ZLU GHQ JDQ]HQ :HJ QLFKW YRQ %RGHQEHUJV hEHONHLW XQG 6WDQJHV 0LW WDJVZU]HJHVSURFKHQKDWWHQ 6WDQJHV 5HGH KDWWH PLFK QLFKW QDFKKDOWLJ EHHLQGUXFNW :LHGHU/DLHPLWDVWURQRPLVFKHQ=DKOHQNHLQH9RUVWHOOXQ JHQYHUELQGHWVRJDEHQPLUPHLQHELVKHULJHQ(UIDKUXQJHQ NHLQH0|JOLFKNHLW]X9HUJOHLFKHQXQGGDVELFKHQ*HIKO YRQ 0lQQOLFKNHLW GDV LFK LP 6SHLVHUDXP HPSIXQGHQ KDWWHYHUVFKZDQGEHLP$QEOLFNGHU)UDXHQDXIGHU /HLQ ZDQG XQG GHQ 0lGFKHQ ULQJV XP PLFK LP =XVFKDXHU UDXP :LU IDQGHQ XQV ZLHGHU LQ HLQHP GXQNOHQ +LQWHUKRI LQ GHQ GHU $XVJDQJ GHV .LQRV GLH /HXWH HQWOLH 'XUFK GLH VFKZDU]HQVFKPXW]LJHQ6WUDHQVWROSHUWHQZLUHLQJHKDNW GDPLWNHLQHUGLHDQGHUHQYHUORU %WWHQXQWHUEUDFKGDV6FKZHLJHQÄ,KU'XFNPlXVHUQXQ VDJWPDOZLHGHUZDV³ Ä0DQPWHLUJHQGZRHLQNHKUHQ³VFKOXJ7DW]HOYRU Ä$EHUQLFKWEHVDXIHQ³ZDUQWH)DELDQ Ä,FKKDEHNHLQ*HOG³VFKUlQNWHLFKHLQXPQLFKWHLQJH VWHKHQ]XPVVHQGDHVEHLPLUDQGHUPDQJHOQGHQ/XVW OlJH Ä'HU-XVWGHU'UFNHEHUJHUQDWUOLFK³VSRWWHWH7DW]HO %WWHQ NDP PLU ]X +LOIH Ä:LU KDEHQ DOOH QLFKW YLHO *HOG:LUDOOHJHKHQDEHU]XVDPPHQ8QG7DW]HOZHQQGX HLQ.HUOELVWGDQQEH]DKOVWGXXQVHU%LHU:R]XKDWGHQQ GHLQ9DWHUåQHQ*XUNHQKDQGHO³ Ä6FKXKH³VDJWH7DW]HO
Ä(JDOZDV+DXSWVDFKHGX]DKOVW³ 'DPLW ZDU GLH 6DFKH DEJHPDFKW -HW]W IHKOWH XQV QXU QRFKGLH.QHLSH0LFKIURUQDFKGHP$XIHQWKDOWLPEHU KLW]WHQ .LQR QRFK GD]X GD HLQ VFKDUIHU :LQG DXV GHU )OXQLHGHUXQJDXIJHNRPPHQZDU 6HOWVDP ZDU HV LP 'XQNHO GXUFK HLQH IUHPGH 6WDGW ]X JHKHQ ,FK HUZDUWHWH LUJHQGZHOFKH hEHUUDVFKXQJHQ RGHU $EHQWHXHU ZLH LQ HLQHP XQZHJVDPHQ )HOVODE\ULQWK %W WHQ EHJDQQ ]X VLQJHQ HV KDOOWH XQKHLPOLFK ]ZLVFKHQ GHQ ILQVWHUHQ0DXHUQ2EZRKOHVPLUXQDQJHQHKPZDUZROOWH LFK QLFKWV GDJHJHQ VDJHQ ,Q HLQHP 7RUERJHQ ODFKWH HLQ 0lGFKHQ 'XUFK GLH :RONHQGHFNH EUDFK GHU 0RQG (U EHOHXFKWHWH6FKLOGHUPLW:|UWHUQLQIUHPGHU6SUDFKH 6FKHPPHO EOLHE VWHKHQ Ä+LHU LVW åQH .QHLSH³ (U VWLH HLQH 7U DXI :LU VWDXQWHQ XQG VFKREHQ GHQ 9HUGXQNH OXQJVYRUKDQJ]XU6HLWH'DVWDQGHQZLUZLUNOLFKLQHLQHP &DIp Ä0HQVFKZLHKDVWGXGDVJHPDFKW*RWWIULHG³ Ä'DV KDEH LFK PLU DXI GHP +HUZHJ JHPHUNW ,FK KDWWH 'XUVWZHLWGX³(UEOLFNWHXQVYHUVFKPLW]WDQ :LU VWHXHUWHQ ]X HLQHP 7LVFK LQ GHU (FNH 1XU ZHQLJH 0HQVFKHQ VDHQ YHUVWUHXW LQ GHP JURHQ 5DXP GHU YRQ YLHU:DQGOHXFKWHQNPPHUOLFKHUKHOOWZXUGHZlKUHQGGHU SURW]LJHJOlVHUQH.URQOHXFKWHUILQVWHUYRQGHU'HFNHKLQJ (LOIHUWLJHUVFKLHQHLQHIOOLJH.HOOQHULQXQGEUDFKWHDXFK EDOG GDV EHVWHOOWH %LHU ZDV PLFK EHL GHU DOOJHPHLQHQ 6FKOlIULJNHLW GHV &DIpV HLQLJHUPDHQ YHUZXQGHUWH $XI HLQHP6WXKODQGHU7KHNHG|VWHHLQH.DW]H$QGHU:DQG KLQJHQ %LOGHU LQ ELOOLJHP %XQWGUXFN YRQ VFKDUINDQWLJ ]XJHVSLW]WHQ VFKQHHEHGHFNWHQ *LSIHOQ 7URJWlOHUQ XQG UXQGHQ.DUVHHQ Ä7DWUD³KLHGDV&DIp
6FKHPPHO HU]lKOWH Ä,KU ZXQGHUW HXFK GD LFK PLFK LQ åQHU 6WDGW ]XUHFKWILQGH 6R JUR LVW 1DNHO QXQ ZLHGHU QLFKW +LHU KDVW GX HLQHQ (UNHU DOV $QKDOWVSXQNW GD HLQH EHVRQGHUH6WUDHQNUHX]XQJ6LHEHQ-DKUHZDULFKGDJLQJ LFK PLW PHLQHQ EHLGHQ 6FKZHVWHUQ 3LO]H VDPPHOQ 'UHL 6WXQGHQVLQGZLUNUHX]XQGTXHUGXUFKGHQ:DOGJHODXIHQ GD UXWVFKWH 0DULD DXI HLQHP EHPRRVWHQ 6WHLQ DE XQG NRQQWHQLFKWPHKUDXIWUHWHQ'HU)XZDUJHEURFKHQZLH VLFK VSlWHU KHUDXVVWHOOWH ,FK ELQ VFKQHOO DXV GHP :DOG JHODXIHQ XQG KDEH +LOIH JHKROW (LQ %DXP VLHKW DXV ZLH GHU DQGHUH 4XHU GXUFKV *HVWUSS JLQJ HV 'DV ZDU VFKZLHULJHUDOVKLHULQGHU6WDGW*DQ]ULFKWLJKDEHLFKGLH 0lGFKHQZLHGHUJHIXQGHQ³ Ä%OR KLHU JLEW HV NHLQH 0lGFKHQ³ PHLQWH 7DW]HO ODNR QLVFK ,FKJlKQWHYHUVWRKOHQ Ä1LFKWVORVKLHU³EHVWlWLJWH )DELDQGUHLVWGLH =LYLOLVWHQ LQGHU(FNHPXVWHUQG Ä6WDQJHZUGHQLFKWLQVRåQHQ/DGHQJHKHQ³VDJWHLFK YRUVLFKWLJ 'DV ZDU HWZDV IU 6FKHPPHO Ä'HU" 'HU JHKW LQV &DIp 3ROWDå DP %DKQKRI RGHU LQV +RWHO .UDNDXå 3LHNIHLQH 'LQJHU VDJ LFK GLU 'HU %|GHOILQJHU KDWåV PLU JHVDJW DOV LFKLKPGLH6WLHIHOJHSXW]WKDEH³ Ä'RUWLVWEHVWLPPW0XVLNXQGVR³ZDUI7DW]HOHLQ Ä8QG 0lGFKHQ³ HUJlQ]WH LFK Ä'LH JHKHQ GRUWKLQ ZR 0XVLNLVW³ 'DV KlWWH LFK QLFKW VDJHQ VROOHQ 7DW]HO OlFKHOWH JHULQJ VFKlW]LJ'DV%LHUVFKPHFNWHZLGHUOLFK Ä*HOGPWHPDQKDEHQ³%WWHQVFKDXWH7DW]HOKHUDXV IRUGHUQGDQ 'HU HQWJHJQHWH UXKLJ Ä,KU N|QQWHW DOOH VR YLHO WULQNHQ
ZLH LKU ZROOW ,KU N|QQWHW *HOG KDEHQ³ (U OlFKHOWH EUHLW Ä8QG 0lGFKHQ³ 'DV VDJWH HU PLW LURQLVFKHP %OLFN ]X PLU %WWHQ SDFNWH LKQ DP $UP Ä%H]DKO OLHEHU GDPLW ZLU JHKHQN|QQHQgGHXQVQLFKWPLWVROFKHP6FKPXVDQ³ 7DW]HO VWUHLIWH %WWHQV +DQG ZLH HLQ OlVWLJHV ,QVHNW DE Ä,FKKDEHHLQHQ3ODQ³VDJWHHUZLQNWHXQVHUH.|SIHEHU GHQ7LVFKXQGWXVFKHOWH :LU ZDUHQ EHJHLVWHUW DOV ZLU LKQ DQJHK|UW KDWWHQ :LU VFKOXJHQ LKP DXI GLH 6FKXOWHU ODFKWHQ VWLHHQ LKQ LQ GLH 6HLWH Ä2EHU³ EUOOWH %WWHQ VR GD GLH .DW]H MlKOLQJV DXIIXKU XQG GLH *lVWH LQ GHU (FNH GLH .|SIH ]XVDPPHQ VWHFNWHQ (UVFKURFNHQNDPGLHYROOVFKODQNH.HOOQHULQDQJHODXIHQ $XI%WWHQV)UDJHQDFKGHP,QKDEHUGHV&DIpVVWHOOWHVLFK KHUDXVGDVLHHVVHOEVWZDUÄ1RFKEHVVHU³%WWHQODFKWH Ä'LHSDDU*lVWHGLHQRFKNRPPHQ]XPLUNDQQLFKEH GLHQHQ DOOHLQ³ VDJWH VLH (V NODQJ ZLH HLQH (QWVFKXOGL JXQJ %WWHQQDKPGLH6DFKHLQGLH+DQG,KU&DIpZUGHVLFK IOOHQ 6LH N|QQH HLQH %HGLHQXQJ HLQVWHOOHQ 6LH ZUGH 0XVLNEHNRPPHQ'LH/HXWHZUGHQVWU|PHQ 'LH 0XVLN DEHU PDFKWHQ ZLU 'LH %HVLW]HULQ VFKOXJ GLH +lQGH]XVDPPHQ6LHKLHOWDOOHVIUHLQHQ6FKHU]ZHKUWH DEXQGVFKLHQVLFKZLHGHUXPIUGHQ9RUVFKODJ]XLQWHUHV VLHUHQ 1DFK ODQJHP +LQ XQG +HU KDWWH %WWHQ GLH 3ROLQ EHU ]HXJW GD LKUHP (WDEOLVVHPHQW QXU GLH 0XVLN IHKOWH XP PLW&DIpÄ3ROWD³NRQNXUULHUHQ]XN|QQHQ 6LHEUDFKWHNUDIWORVHLQLJH(LQZlQGH:HUVROOWHQRFK]X LKU NRPPHQ" 'LH MXQJHQ 0lQQHU VHLHQ DQ GHU )URQW 7DQ]YHUERWVFKRQODQJH0RQDWH'DEOLHEHQGLH0lGFKHQ
GDKHLP 6HLW .ULHJ LVW KDEH GDV &DIp ZHQLJ *lVWH 8QV LQWHUHVVLHUWHQLKUH6RUJHQZHQLJ $P 6FKOX VFKLHQ XQVHUH %HJHLVWHUXQJ DXFK DXI GLH )UDXEHUJHJDQJHQ]XVHLQ %WWHQ YHUORU GLH hEHUVLFKW QLFKW (U IDWH QRFK HLQPDO ]XVDPPHQ Ä6RQQWDJV 0XVLN YRQ IQI]HKQ ELV HLQXQG ]ZDQ]LJ 8KU ]HKQ 0DUN IU MHGHQ YRQ XQV LQ GLH +DQG GD]X%LHU*HElFNXQG.DIIHHIUHL³ Ä8QG GLH (LQZLOOLJXQJ YRQ 2EHUIHOGPHLVWHU .DLVHU³ IOVWHUWH6FKHPPHO'RFKGDUDXIDFKWHWHMHW]WNHLQHU²
$PQlFKVWHQ7DJPDUVFKLHUWHGLH$EWHLOXQJGXUFKIHLQHQ 6SUKUHJHQDQGLH1HW]HXPHLQH*HOlQGHEXQJGXUFK]X IKUHQ 6WDQJH KDWWH XQV EHLP $QWUHWHQ IRUVFKHQG EH WUDFKWHWZRKOXPKHUDXV]XEHNRPPHQZDVZLUPLWVHLQHQ :RUWHQ EHL XQVHUHP HUVWHQ $XVJDQJ DQJHIDQJHQ KDWWHQ 8PVSUXQJHQYRQVHLQHP+XQGVWDSIWHHUPLPXWLJQHEHQ GHP=XJKHU:LUIQIZDUIHQXQVDEXQG DQ HLQHQ %OLFN ]X :LU IKOWHQ XQV QDFK GHP JHVWULJHQ 7DJ HLQDQGHU YHUSIOLFKWHW %RGHQEHUJDEHUNPPHUWHPLFKZHQLJ(UWURWWHWHQHEHQ PLUKHUDOVKlWWHQZLUXQVQRFKQLHJHVHKHQ Ä(ULNDGUHL«YLHU³ULHI6WDQJH +HLPDQQ GHU *U|WH YRQ XQV JDE ODQJJH]RJHQ XQG ZXFKWLJ GHQ 7RQ DQ 1DFK GHP Ä'UHL « YLHU «³ GHU *UXSSHQIKUHU EHJDQQHQ ZLU ]X VLQJHQ 6WDQJH ZDU VWRO] DXI GLHVH =HUHPRQLH XQG Ä(ULND³ ZDU VHLQ /LHEOLQJVOLHG GDVHUYLHUIQIPDODP7DJVLQJHQOLH $OOHLQGLHVPDOZDUGHU8QWHUIHOGPHLVWHUXQ]XIULHGHQ Ä$UEHLWVPDQQ +HL³ TXDUUWH HU ² ]ZHLPDO Ä0DQQ³ ZROOWH HU QLH VDJHQ ² ÄGDV ZDV 6LH *HVDQJ QHQQHQ JOHLFKWGHP.UHLVFKHQHLQHU.UHLVVlJH³
:LU VDQJHQ ODXWHU ZLU ZXWHQ MHW]W NDPHQ ODQJH 7LUD GHQJHJHQGHQDUPHQ+HLPDQQ Ä,FKZHUGHZDVIUGLH.XQVWWXQ³ULHI6WDQJH+HLPDQQ KHUKHW]HQGGHVVHQ6FKULWWHXQVLFKHUZXUGHQ $OOPlKOLFK VDK LFK IU XQVHUH JHSODQWH &DIpKDXVPXVLN VFKZDU]'HU:HJDXIGDV3RGLXPLPÄ7DWUD³IKUWHEHU 6WDQJH :LU PXWHQ EDOG PLW LKP VSUHFKHQ ZHQQ ZLU EHUHLWV DP NRPPHQGHQ 6RQQWDJ VSLHOHQ ZROOWHQ 8QVHUH ,QVWUXPHQWH ODJHQ HLQLJH KXQGHUW .LORPHWHU HQWIHUQW QlPOLFK]X+DXVH 6WDQJH WREWH LPPHU QRFK EHL +HLPDQQ DQ GHU 6SLW]H Ä%LVKHU KDEH LFK LPPHU GHQ /lQJVWHQ ]XP 9RUVlQJHU EHVWLPPW -HW]W DEHU ZHUGH LFK PLW PHLQHQ 7UDGLWLRQHQ EUHFKHQ³ ,FKPXWHDQHLQH$QHNGRWHGHQNHQGLHLFKLQ9HOKDJHQ XQG .ODVLQJV 0RQDWVKHIWHQ JHOHVHQ KDWWH 6LH VWDPPWHQ YRQPHLQHU*URPXWWHUXQGJHK|UWHQ]XU/LHEOLQJVOHNWUH PHLQHU0XWWHU ,FK KDWWH YLHOHV GDULQ XQLQWHUHVVDQW JHIXQ GHQ EHODQJORV 'RFK GLHVH $QHNGRWH ZDU PLU LQ (ULQQH UXQJ JHEOLHEHQ 1DSROHRQ ZDU YRP 'LUHNWRULXP QDFK 2EHULWDOLHQ JHVFKLFNW ZRUGHQ XP GLH 'LV]LSOLQ GHU IUDQ ]|VLVFKHQ 7UXSSHQ ]X IHVWLJHQ $OV HLQ EDXPODQJHU 2IIL ]LHU JHJODXEW KDWWH HU EUDXFKH HLQHP %HIHKO GHV .RUVHQ QLFKW EOLQGOLQJV )ROJH ]X OHLVWHQ KDWWH %RQDSDUWH JHVDJW Ä6LHVLQGHLQHQ.RSIJU|HUPHLQ+HUU:HQQ6LHPHLQHQ %HIHKO QLFKW DXVIKUHQ ZHUGHQ 6LH GLHVHV 9RU]XJV YHUOX VWLJJHKHQ³ 6RZHLWNRQQWHHV XQVHU NOHLQHU 1DSROHRQ PLW +HLPDQQ QDWUOLFKQLFKWWUHLEHQ 9RQGHU6HLWHEHWUDFKWHWHLFK%RGHQEHUJGHUVWXPPQH EHQPLUKHUWUDEWH Ä6LQJ PLW³ ]LVFKWH LFK XQG UDPPWH LKQ PLW GHP (OOER
JHQ 6WRO] ZLH HLQ 6SDQLHU GDFKWH LFK WURW]LJ ZLH HLQ NOHLQHV.LQG'DVZLUGLKPQLFKWJXWEHNRPPHQ(UHULQ QHUWH PLFK DQ HLQHQ E|VDUWLJHQ HLQ]HOJlQJHULVFKHQ (OH IDQWHQEXOOHQ $P1HW]HXIHUVWHOOWH6WDQJHHLQHQ6SlKWUXSS]XVDPPHQ GHU GLH YRP HUVWHQ =XJ DXIJHVWHOOWHQ 3RVWHQ DXVNXQG VFKDIWHQVROOWH %WWHQZDU HV]XYHUGDQNHQ GD ZLU IQI 9HUVFKZRUHQHQ GD]X DXVHUVHKHQ ZXUGHQ XQG 6FKHPPHO PLW VHLQHP VLFKHUHQ 2ULHQWLHUXQJVVLQQ GD ZLU GLH $XI JDEHPLWYROOHP(UIROJO|VWHQ'DPLWZDUGHU6LHJXQVHUHV =XJHV JHVLFKHUW 'DV Ä7DWUD³ UFNWH ZLHGHU LQ JUHLIEDUH 1lKH 6WDQJH ODFKWH EHU VHLQ VSLW]LJHV *HVLFKW GHVVHQ 0LH QHQVSLHO VRQVW VR XQEHZHJOLFK ZDU $XFK GHU SO|W]OLFKH 6RQQHQVFKHLQPRFKWHVHLQH/DXQHJHEHVVHUWKDEHQ :lKUHQG GHU 5DVW YRU GHP 5FNPDUVFK HUJULII %WWHQ GLH*HOHJHQKHLWXQGVSUDFK PLW 6WDQJH EHU XQVHU 9RUKD EHQ 'HU NOHLQH 8QWHUIHOGPHLVWHU ODJ YRU XQV DXI HLQHU =HOWSODQH]ZLVFKHQGHQVDIWORVHQEUDXQHQ*UDVQDUEHQXQG GD ZLU IQI LKQ XPVWDQGHQ DXFK VHLQ +XQG LUJHQGZR DOOHLQKHUXPWROOWHVFKLHQHUXQVQRFKNOHLQHUDOVVRQVWXQG OlQJVWQLFKWPHKUVRJHZDOWLJ (U NDXWH DQ HLQHP *UDVKDOP ZlKUHQG HU XQV DQK|UWH $EXQG]XZDUIHUXQVHLQELVVLJHV:RUWKHUDXI Ä0XVLN"&DIp")UHL]HLW"³ :LU WUDWHQ YHUOHJHQ YRQ HLQHP %HLQ DXIV DQGHUH ,FK KlWWHPLFKOLHEHUZLHGLHDQGHUHQDXIHLQHQ6WHLQJHKRFNW Ä,KUVHLGLP'LHQVWLP$UEHLWVGLHQVW³ 6FKHPPHO]XFNWHPLWGHQ$FKVHOQXQGZROOWHPLFKPLW VLFKIRUW]LHKHQ Ä%LHU":HLEHU"³$XVGHP*UDVNDPGDVJOHLFKH/DFKHQ ZLH GDPDOV LP 6SHLVHUDXP WULHEKDIW DXIUHL]HQG XQG
WURFNHQ Ä*HOG"³ 6WDQJH KRFNWH SO|W]OLFK DP %RGHQ GDQQ VWDQG HU UDVFK DXI Ä(LJHQWOLFKVFKDGHWHVQLFKWVZHQQLKUHLQELFKHQ*HOG YHUGLHQW.DXPOHUQWLKUHVDFKWHQ³(UVDKXQVGHU5HLKH QDFKDQ 'DQQ VSUDFK HU MHGHV :RUW EHWRQHQG Ä,KU VHLG LP $U EHLWVGLHQVWLP'LHQVWIUGHQ)KUHU$OVRJHK|UWLKUHXFK QLFKW VHOEVW ,FK ZHUGH HXFK JHVWDWWHQ ]X VSLHOHQ YRUHUVW IU ]HKQ 0DUN SUR 1DVH 6SlWHU ZHUGHQ ZLU ZHLWHUVHKHQ 'DVKlQJWYRQHXUHU4XDOLWlWDE³ %WWHQ VFKPXQ]HOWH GRFK YHUJLQJ LKP GDV VFKQHOO DOV 6WDQJHZHLWHUUHGHWHÄ'DLKUHXFKDEHUQLFKWVHOEVWJHK|UW JHZLVVHUPDHQOLHIHUWLKUGLH+lOIWHDQGLH$EWHLOXQJDE 'DV DQGHUH EHKDOWHW DOV $QHUNHQQXQJ IU HXUH (LQVDW]EH UHLWVFKDIW³ %WWHQZROOWHGHQ0XQG|IIQHQGRFKZLVFKWH6WDQJHPLW HLQHU+DQGEHZHJXQJGLHVHQ0XWZLOOHQEHLVHLWH Ä0LW $EWHLOXQJVIKUHU 2EHUIHOGPHLVWHU .DLVHU UHJOH LFK DOOHV -HGHQ 6RQQWDJ HLQXQG]ZDQ]LJ 8KU GUHLLJ $EUHFK QXQJ EHL PLU 9RQ ,KQHQ VWDPPW GHU 3ODQ 7DW]HO" 6LH KROHQDPEHVWHQGLH,QVWUXPHQWH'UHL7DJH6RQGHUXUODXE 5HJOHLFKVFKRQ$EWUHWHQ³ :LU NODSSWHQ PLW GHQ +DFNHQ XQG JLQJHQ ]X GHQ DQGH UHQÄ7DW]HO³ULHI6WDQJHQRFKHLQPDO :LUEOLHEHQVWHKHQ Ä+DW,KUDOWHU+HUUQLFKWHLQ6FKXKJHVFKlIW"³² (UUHLFKW KDWWHQ ZLU ZDV ZLU ZROOWHQ ZHQQ DXFK PLW .RQ]HVVLRQHQ 'RFK GHU bUJHU EHU 6WDQJHV SOXPSH *H VFKlIWHPDFKHUHLOLHXQVYHUVWXPPHQ Ä(ULND GUHL « YLHU «³ ULHI 6WDQJH DXI GHP +HLP
PDUVFK +HLPDQQ JDEGHQ7RQ JUlOLFKZLHQLH6WDQJH VWUDKOWH :LU VDQJHQ XQG PDUVFKLHUWHQ GXUFK GHQ 6FKOLFN ]XP /DJHU Ä+DVHOQXGUHL«YLHU«³ULHI6WDQJHXQGVWUDKOWH
%HUHLWV DP QlFKVWHQ 6RQQWDJ KDWWHQ ZLU GDQN 6WDQJHV 8QWHUVWW]XQJ GLH ,QVWUXPHQWH HU VHOEVW HLQ 3DDU EUDXQH KRFKJOlQ]HQGH ZXQGHUEDU ZHLFKH /HGHUKDOEVFKXKH )ULHGHQVZDUH ,FK EHQHLGHWH 7DW]HO QLFKW XP GLH GUHL 7DJH 6RQGHUXU ODXE(UPXWHHLQHKDUWH$XVHLQDQGHUVHW]XQJPLWVHLQHP 9DWHU ZHJHQ GHU 6FKXKH KLQWHU VLFK KDEHQ $XFK GLH 6FKOHSSHUHL XQG GLH )DKUW ]ZLVFKHQ 3LUQD )UDQNHQEHUJ XQG &KHPQLW] LQ EHUIOOWHQ =JHQ ZDU EHVWLPPW NHLQH )UHXGHJHZHVHQ -HW]WMHGRFKKDWWH7DW]HOHVJHVFKDIIW 8QVHUH 6RQQWDJH ZDUHQ QXQPHKU DXVJHIOOW $XFK GDV &DIpZXUGHMHW]WDXV1HXJLHUEHUGLH.DSHOOHYRQYLHOHQ $UEHLWVPlQQHUQ EHVXFKW 6HOEVW DXV GHP EHQDFKEDUWHQ 2VWURZD NDPHQ GLH Ä$UEHLWVPDLGHQ³ VR GD ZLU GHU %H VLW]HULQQLFKW]XYLHOYHUVSURFKHQKDWWHQ $XIGHP:HJLQGLH6WDGWVFKZlUPWHGHUVRPPHUVSURV VLJH %WWHQ EDOG YRQ GHU EDXIlOOLJHQ :LQGPKOH 1DFKWV JLQJHURKQHXQV]XP/DJHU]XUFNDEHUQLFKWDOOHLQ(UVW PLWHLQHU5RWKDDULJHQGDQQPLWHLQHU+RSIHQVWDQJH 'LHDQGHUHQGDJHJHQOLHEWHQQLFKWHLQH+RSIHQVWDQJHLQ HLQHUQlFKWOLFKHQ:LQGPKOH)DELDQVFKLHQGDVKDQGIHVWH 7ULQNHQ ]X GHQ 2IIL]LHUVHLJHQVFKDIWHQ ]X UHFKQHQ 7DW]HO IUDVLFKDP.XFKHQGLFNXQGUXQG $P $QIDQJ EHUHLWHWH DXFK PLU DOOHV YLHO )UHXGH 'RFK DOV PLU GDV $XIVSLHOHQ ]XU *HZRKQKHLW JHZRUGHQ ZDU
HPSIDQG LFK HV DOV HLQHQ 'LHQVW ZLH MHGHQ DQGHUHQ XQG PHUNWHQXU]XEDOGGDLFKOHW]WOLFKGHUXPPHLQH)UHL]HLW %HWURJHQHZDU,P/DJHUZLHLPÄ7DWUD³EHUDOOGLHJOHL FKHQ 8QLIRUPHQ GLH JOHLFKHQ *HVSUlFKH GLH JOHLFKHQ *HVLFKWHU %DOGZDUHQDXFK6WDQJHXQG%|GHOILQJHUVWlQGLJH*lVWH 'LH:LUWLQZLHVHOWHZHQQVLHNDPHQ)UHLOLFKHUVFKLHQGHU NOHLQH8QWHUIHOGPHLVWHURIWHUVWQDFKGHPHUDQGHUH/RND OLWlWHQ DXIJHVXFKW KDWWH XQG KDXSWVlFKOLFK GDUXP JOHLFK VHOEVW VHLQ *HOG LQ (PSIDQJ QHKPHQ ]X N|QQHQ $OO GLHV IKUWHGD]XGDLFKPLWVWlQGLJZDFKVHQGHU8QOXVWVRQQ WDJVQDFK1DNHO]RJXQGYRPEHJLQQHQGHQ)UKOLQJQLFKW PHKUYLHOZDKUQDKP $KQOLFK HUJLQJ HV *RWWIULHG 6FKHPPHO GHP GLH UDXFK JHVFKZlQJHUWH &DIpKDXVDWPRVSKlUH XQG GDV YLHOH %LHU WULQNHQQLFKWEHNDPHQ ,PPHU PHKU VWLH PLFK 7DW]HOV XQG )DELDQV 9HUKDOWHQ DE JDQ] DEJHVHKHQ YRQ %WWHQ ,FK ZXWH GD )DELDQ HLQHQ UDVFKHQ $XIVWLHJ DOV 2IIL]LHU ZQVFKWH XQG GDKHU HLQH JXWH %HXUWHLOXQJ YRP 5HLFKVDUEHLWVGLHQVW $OVR ZDU HUDQHLQHPJXWHQ9HUKlOWQLV]XVHLQHP=XJIKUHU6WDQJH VHKU LQWHUHVVLHUW 7DW]HO GDJHJHQ ZROOWH XQWHU NHLQHQ 8P VWlQGHQ GDV VR KDUW XQG GXUFK HLQ 3DDU 6FKXKH HUNDXIWH :RKOZROOHQZLHGHUPLVVHQ 0LWXPVRJU|HUHP:LGHUZLOOHQEHPHUNWHLFK ZLHLFK XQJHZROOWPLWLQGLHVHV:RKOZROOHQHLQJHKOOWZXUGH,FK ZlUPWHPLFKLQLKPZLHLQHLQHPJHVWRKOHQHQ0DQWHO %HVRQGHUVEHGUFNWHHVPLFKYRU%RGHQEHUJ ,FKZXWH QLFKW HLQPDO PHKU VHLQHQ 9RUQDPHQ ,KP NRQQWHQ LP 'LHQVW QLFKW PHKU )HKOHU XQG 1DFKOlVVLJNHLWHQ QDFKJH ZLHVHQ ZHUGHQ DOV PLU (U DEHU ZXUGH VWlQGLJ YRQ 9RU PDQQ %|GHOILQJHU XQG EHVRQGHUV YRQ 6WDQJH PLW 6WUDI
GLHQVWHQ EHGDFKW -H PHKU GLHV GHU )DOO ZDU GHVWR PHKU NDSVHOWHVLFK%RGHQEHUJDE 6R ZDU GHU )UKOLQJVDQIDQJ DXFK GHP .DOHQGHU QDFK HLQJHWUHWHQXQGZLUUVWHWHQXQVZLHGHUHLQPDO]XP*DQJ QDFK1DNHO'LH6RQQHILHOEUHLW]XGHQ%DUDFNHQIHQVWHUQ KHUHLQ DOOHV LQ HLQH )OXW YRQ /LFKW WDXFKHQG $XI GHQ VFKPDOHQ6SLQGHQVWDQGHQGLH*DVPDVNHQEFKVHQPLWGHQ GDUEHUJHVWOSWHQ 6WDKOKHOPHQ hEHU GHQ ]ZHLVW|FNLJHQ +RO]SULWVFKHQ WDQ]WHQ GLH 6RQQHQVWlXEFKHQ 'HU HLVHUQH 2IHQPLWGHPODQJHQ5RKUKDWWHEDOGDXVJHGLHQW
%RGHQEHUJVDLQPLWWHQGHV$XIEUXFKVDP7LVFK3DSLHU XQG)HGHUYRUVLFK,FKIUDJWHPLFKZLHPDQHVDQHLQHP VROFKHQ 7DJ LQ GLHVHP GXUFK QDFNWH =ZHFNPlLJNHLW DEVWRHQGHQ5DXPDXVKDOWHQNRQQWH ,FK WUDW GHQ VFKZDU]HQ *HLJHQNDVWHQ EHUHLWV XQWHU GHQ $UP JHNOHPPW ]X LKP XQG VDJWH Ä/RV %RGHQEHUJ NRPP PLW 6HW] GLFK ]X XQV LQV 7DWUDå GDV EULQJW QHXH *HGDQNHQ'HU0HQVFKEUDXFKWHWZDVDQGHUHVQHEHQGHP 'LHQVW³ hEHUUDVFKW KRE GHU %UDXQVFKZHLJHU GHQ .RSI XQG EOLFNWH GXUFK GLH *OlVHU VHLQHU %ULOOH ]X PLU ZLHZHLW LFK
HVZRKOHUQVWPLWLKPPHLQWH 'LH DQGHUHQ VWDQGHQ ZDUWHQG DQ GHU 7U XQG EHWUDFKWH WHQXQVPLWHLQHP*HPLVFKYRQ1HXJLHUXQG*HULQJVFKlW ]XQJ1XU6FKHPPHOWUDW]XPLUDQGHQ7LVFK Ä:DVZLOOVWGXDQHLQHPVROFKVFK|QHQ7DJLP =LPPHU KRFNHQ³,FKGUlQJWH%RGHQEHUJ Ä(XHU &DIp RGHU GLH %DUDFNH GD LVW NHLQ 8QWHUVFKLHG³ DQWZRUWHWHHUNXU],FKZDUEHWURIIHQZLHVHLQH:RUWHPLW PHLQHQ *HGDQNHQ EHU XQVHU 0XVL]LHUHQ EHUHLQVWLPP WHQ $EHU6FKHPPHODXIJHEUDFKWEHU%RGHQEHUJV+DUWQlN NLJNHLWULHIÄ'XYHUVDXHUVWMDKLHU³ %RGHQEHUJ OHJWH VHLQH +DQG DXI GHQ *HLJHQNDVWHQ Ä'DUILFK"³ hEHUUDVFKWOLHLFKGLH*HLJHORVÄ6SLHOVWGXGHQQ"³ Ä(LQZHQLJ³ 0LW NXQGLJHQ *ULIIHQ QDKP HU GDV ,QVWUXPHQW KHUDXV VSDQQWH GHQ %RJHQ XQG SUIWH GLH 6DLWHQ ELV HU VLH PLW VLFKHUHP*HK|UJHVWLPPWKDWWH 0HLQH .DPHUDGHQ DQ GHU 7U OLHHQ LKUH ,QVWUXPHQWH VLQNHQ(LQLJHNDPHQLQV=LPPHU]XUFN)DELDQ]RJVLFK VRJDUHLQHQ6WXKOKHUEHL %RGHQEHUJDEHUVWDQGDP7LVFKGLH*HLJHDP.LQQGHQ .RSI JHQHLJW HLQ NOHLQHV /DFKHQ XP $XJHQ XQG 0XQG %HKXWVDPVHW]WHHUGHQ%RJHQDQ ,FKIKOWHGLHKDUWH7LVFKNDQWHDQPHLQHP(OOERJHQ%R GHQEHUJVWDQGZLHLFKLKQQRFKQLHJHVHKHQKDWWHVHOEVW EHZXWKHLWHUGHQ.RSIJHQHLJWDOVK|UHHULPYRUDXVGLH 7|QHGLHVHV,QVWUXPHQWHVGDVLFKVRJXW]XNHQQHQXQG]X EHKHUUVFKHQ JHJODXEW KDWWH )HVW XQG VLFKHU VWDQGHQ VHLQH %HLQHVHLQ2EHUN|USHUZLHJWHVLFKLP7DNWÄ6FKXPDQQ³ VDJWH6FKHPPHODOVGHU*HLJHUGHQ%RJHQDEVHW]WHÄ=HLW
]XP*HKHQ³EUXPPWH%WWHQ 'HU %UDXQVFKZHLJHU KLHOW GLH *HLJH XQVFKOVVLJ LQ GHU +DQGÄ6SLHOQRFKZDV³VDJWHLFK 'LH7UZXUGH]XJHVFKODJHQ,FKVDKMlKKLQEHU%WWHQ IHKOWH7DW]HOIHKOWH)DELDQIHKOWH Ä/DVLH³VDJWH6FKHPPHO %RGHQEHUJEHPHUNWHQLFKWVGDYRQ(UVSLHOWH $OV HU GLH *HLJH DXI GHQ 7LVFK OHJWH HUNOlUWH HU NXU] Ä,FK KDEH 0XVLN VWXGLHUW ELQ DEHU QRFK ODQJH QLFKW IHU WLJ³ Ä:LUPVVHQIRUW³6FKHPPHOGUlQJWH ,FK UHLFKWH %RGHQEHUJ GLH +DQG Ä'X PXW XQV DEHQGV PDOZDVYRUVSLHOHQ³ (UOlFKHOWHVFKLHI 6WXPP OLHI LFK GDQQ DXI GHU /DQGVWUDH QHEHQ 6FKHP PHOKHUPLPXWLJEHJDQQLFKPHLQ6SLHOLPÄ7DWUD³RKQH DXIGLHVS|WWLVFKHQ%OLFNHGHUDQGHUHQ]XDFKWHQ
'LH DQGHUHQ 0LWJOLHGHU GHU NOHLQHQ .DSHOOH EUDXFKWHQ PLFK YLHO ]X VHKU DOV GD LFK PLFK KlWWH YRQ LKQHQ LQV %RFNVKRUQMDJHQ ODVVHQ 8P LKQHQ ]X ]HLJHQ GD LFK VLH QLFKWIUFKWHWHPHOGHWHLFKPLFKPLW%RGHQEHUJ]XHLQHP 'LHQVWLQGHU6WDGWJOHLFK]HLWLJYRQGHP:XQVFKEHVHHOW PHKUYRQLKP]XHUIDKUHQ Ä,FKZQVFKH,KQHQYLHO9HUJQJHQ-XVW³VDJWH%|GHO ILQJHUDOVZLUXQVEHLLKPDEPHOGHWHQ 0LFKNPPHUWHQGLH$QVSLHOXQJHQGHVYHUNUDFKWHQ6WX GHQWHQQLFKW :LU PXWHQ LP .HOOHU GHV $EWHLOXQJVIKUHUV .DLVHU .RKOHQ DXIVWDSHOQ XQG +RO] KDFNHQ 6HLQH )UDX GLH HLQ 3XSSHQJHVLFKW]XKDEHQVFKLHQIKUWHXQVGLHHQJH7UHS SHKLQDELQGDVQLHGULJHGXPSIH*HZ|OEH)LQVWHUZDUHV
KLHUXQGIHXFKW6FKLPPHOEHGHFNWHGLH:lQGH Ä:HQQ ZLU 'HXWVFKHQ KLHU +lXVHU EDXHQ³ VDJWH )UDX .DLVHUIRUVFKÄZLUGHVDXFK LP .HOOHU KHOOHU³ 'DUDXIKLQ YHUVFKZDQG VLH HLQH UDXFKHQGH 3HWUROHXPODPSH XQG GHQ VFKZDFKHQ'XIWYRQ3DUIP]XUFNODVVHQG :LUUFNWHQHLQ5HJDO]XU6HLWHLQGHP*OlVHUPLW(LQ JHZHFNWHP VWDQGHQ 'DQQ UROOWH %RGHQEHUJ HLQHQ +DFN NORW] LQ GLH 0LWWH XQG OHJWH VLFK GLH HUVWH +RO]UROOH ]X UHFKW 'LH *HLJH KDWWH HU JHVFKLFNWHU JHKDQGKDEW DOV GDV %HLO Ä*LEKHU.RKOHQVFKLFKWHLFKQLFKWJHUQDXI'DVVWlQGL JH%FNHQZHLWGX³ %RGHQEHUJ UHLFKWH PLU GDV %HLO Ä'LHVH $UEHLW LVW PDO DQJHQHKP³VDJWHHU:LHHLQ7UROOKRFNWHHULP+DOEGXQ NHO DP %RGHQ XQG EHJDQQ GLH IHXFKWHQ VFKRQ ]HUIDOOHQ GHQ%ULNHWWVDXI]XVWDSHOQÄ9RULJH:RFKHZDULFKIUKEHL 6WDQJH GLH %XGH VlXEHUQ 'LHVHU .HOOHU LVW GDJHJHQ HLQ 7DQ]SDUNHWW³(UODFKWHDXI ,FKVFKOXJPLW0DFKWDXIGLH.O|W]H'LH6WFNHIORJHQ QDFKDOOHQ6HLWHQÄ(U]lKOZDV³EDWLFK %RGHQEHUJ OLH VLFK QLFKW ODQJH ELWWHQ 6HLQ 9DWHU VHL 6FKDXVSLHOHU JHZHVHQ DEHU DQ HLQHU /XQJHQHQW]QGXQJ JHVWRUEHQDOVHU(ULFK%RGHQEHUJGUHL-DKUHDOWJHZHVHQ ZlUH 6HLQH 0XWWHU KDEH VLFK PKVDP GHQ /HEHQVXQWHU KDOWDOV6FKQHLGHULQYHUGLHQW6LHVHLQXQGXUFKGLHVWlQGL JHQ6RUJHQlOWHUDOVLKUH-DKUH]lKOWHQ$XFKGLH6HKNUDIW LKUHU$XJHQKDEHVWDUNDEJHQRPPHQ %RGHQEHUJ ULFKWHWH VLFK DXI Ä8P GDV *HOG IU 2EHU VFKXOHXQG6WXGLXPDXI]XEULQJHQKDWVLHELVLQGLH1DFKW KLQHLQJHQlKW,FKELQ=HLWXQJHQDXVWUDJHQJHJDQJHQRGHU ZDU LQ GHQ )HULHQ 3RVWERWH XP HWZDV GD]X]XYHUGLHQHQ )U MHGH =HLWXQJ EHNDP LFK ]ZHL 3IHQQLJH hEHUOHJ ZLH
VFKQHOOPDQGDUHLFKZLUG³ 'HU 5HVW VHL VFKQHOO HU]lKOW 1DFKGHP HU HLQ -DKU GDV .RQVHUYDWRULXP EHVXFKW KDEH VHL HU ]XP $UEHLWVGLHQVW HLQJH]RJHQZRUGHQ8QGGLH0XWWHUVHLNUDQN ,FKKLHEDXIGLH.OREHQHLQ 0LUZDUHVZDKUKDIWLJEHVVHUHUJDQJHQ0HLQ9DWHUZDU $EWHLOXQJVOHLWHU LQ GHQ *ODVZHUNHQ $Q GHU 7DOVSHUUH 0DOWHUEHVDHQZLUHLQ:RFKHQHQGKlXVFKHQ0XWWHUKDWWH QLHPLWYHUGLHQHQPVVHQ«
:DUP ZXUGH PLU GXUFK GLH NUlIWLJHQ %HZHJXQJHQ 9RQ GHQ +RO]UROOHQ O|VWH VLFK GLH 5LQGH )HXFKW XQG JOLWVFKLJ IKOWHQVLHVLFKDQ(VURFKZLHLP:DOGQDFKHLQHP 5H JHQ'LH/DPSHUXWHXQGIODFNHUWH :LUVSUDFKHQYRQVHLQHU+HLPDWVWDGW%UDXQVFKZHLJXQG NDPHQVRDXI/HVVLQJXQG:ROIHQEWWHO(UVHLHLQPDOGRUW JHZHVHQ$EHUGHUÄ1DWKDQ³VHLMDMHW]WDXFKYHUERWHQ'D LFKGDV6FKDXVSLHOQLFKWNDQQWHHU]lKOWHHUPLUGDUDXVGLH 5LQJSDUDEHO :LU NDPHQ ]X 6FKLOOHUV Ä/LHG DQ GLH )UHX GH³Ä$OOH0HQVFKHQZHUGHQ%UGHU«³²XQGGDPLW]X %RGHQEHUJVLQQHUVWHP(UOHEHQ]XU0XVLN Ä'XUFK 9DWHU ZDUHQ ZLU QRFK PLW /HXWHQ YRP 7KHDWHU
EHNDQQW(LQHUVWNODVVLJHU2UFKHVWHUPXVLNHUZDUHQWODVVHQ ZRUGHQ:HLOHU-XGHZDU(LQH:HLOHKDWHUDEHQGV7DQ] PXVLNJHPDFKWXPQLFKW]XYHUKXQJHUQ7DQ]PXVLN:HJ VLQG GLH *HGDQNHQ 5K\WKPXV LVW DOOHV 3DUROH :LU VLQG DOOHHLQHJURH0DVVH-DHLQHVFKZDPPLJHWUlJHVWXPS IH 0DVVH LQ GHU PLW +LOIH GHU 0XVLN GDV OHW]WH ELFKHQ *HLVW]HUVWDPSIWZXUGH%ODNDPGHU-XGHPRUJHQVQDFK +DXVH%LVHU6FKOXJHPDFKWKDW³ Ä-HGH0XVLNGRUWZRVLHKLQJHK|UW³EUHPVWHLFKÄ1DFK 0R]DUW NDQQVW GX KHXWH QLFKW PHKU WDQ]HQ -XJHQG ZLOO IU|KOLFK VHLQ :DUXP QLFKW GXUFK 6FKODJHU" ,FK ZHL GLU JHIlOOWQLFKWGDZLULP7DWUDå VSLHOHQ³,FKZLQNWHDEDOV HUPLFKXQWHUEUHFKHQZROOWHÄ.HLQHPYRQXQVJHIlOOWZLH ZLU KLHU JHVFKOLIIHQ ZHUGHQ 'X P|FKWHVW 0R]DUW KDEHQ XP DEJHOHQNW ]X ZHUGHQ %WWHQ ZLOO 6FKODJHU XQG 0lG FKHQ'LH*HVFKPlFNHUVLQGYHUVFKLHGHQ³ %RGHQEHUJ ZDU VWLOO JHZRUGHQ (U ]RJ VLFK ]XUFN ZLH LFK VSUWH (U VDJWH Ä0HUNVW GX QLFKW GD VLH QLFKW QXU HLQH 8QLIRUP DP .|USHU VRQGHUQ DXFK LQ GHQ .|SIHQ KDEHQZROOHQ"³ Ä'X HUHLIHUVW GLFK³ HQWJHJQHWH LFK ÄXQG WXVW GDEHL GDV JOHLFKH ZDV GX LKQHQ YRUZLUIVW 'X VDJVW MD VHOEVW GD QLFKWDOOH0HQVFKHQJOHLFKVLQGXQGZLOOVWVLHLPJOHLFKHQ $WHP]XJDXI0R]DUWVFKH0XVLNXQLIRUPLHUHQ³ %RGHQEHUJVDKPLFKDXVGHU(FNHGXUFKVHLQH+RUQEULOOH JUR DQ LQ MHGHU +DQG HLQ %ULNHWW Ä,FK KDEH YRQ 0XVLN JHVSURFKHQ³ VDJWH HU EHGlFKWLJ ÄXQG PHLQH GDV *DQ]H hEHUOHJ /HVVLQJ NHQQVW GX QRFK VHLQHQ 1DWKDQå DEHU VFKRQ QLFKW PHKU 'D NHQQVW GX DXFK QLFKW 0HQGHOVVRKQ %DUWKROG\ RGHU +HLQULFK +HLQH 6LH KDWWHQ DXFK GHQ )HK OHU -XGHQ JHZHVHQ ]X VHLQ :DV KHXWH PLW GHQ -XGHQ JHPDFKW ZLUG ZHLW GX 8QVHU 2UFKHVWHUPXVLNHU OHEW
VFKRQ ODQJH QLFKW PHKU $EHU QLFKW QXU PLW GHQ -XGHQ &KRSLQZDU3ROHIUHLOLFKOHEWH HULQ)UDQNUHLFK8QVWHUE OLFK VLQG VHLQH 0HORGLHQ ,FK ZLOO QLFKW VDJHQ GD PDQ KHXWH &KRSLQ QLFKW PHKU VSLHOW *HZL QLFKW $EHU GDV SROQLVFKH9RONGDVLKQKHUYRUJHEUDFKWKDWZLUGKHXWHDOV 9RON YRQ DQDOSKDEHWLVFKHQ .UHWLQV XQG W|OSHOKDIWHQ %DX HUQDQJHVHKHQ-HGHV9RONKDWVHLQHKRFKVWHKHQGH .XOWXU 0HLQ 9DWHU KDW LQ IUDQ]|VLVFKHQ 6WFNHQ JHVSLHOW -HGHV 9RON EHVWHKW DXV ZHUWYROOHQ 0HQVFKHQ ,QWUD DUPD VLOHQW PXVHD,Q'HXWVFKODQGZXUGH.XOWXUVFKRQYRUGHP.ULH JH YHUQLFKWHW :LHYLHO PHKU HUVW MHW]W ZLHYLHO ZHUWYROOH 0HQVFKHQ GD]X 8QG LFK PHLQH *XW GD ZLU 'HXWVFKHQ HLQHQ %HHWKRYHQ KDEHQ VRQVW ZlUHQ ZLU IU GLH DQGHUHQ ZRKO QXU HLQ 9RON YRQ %DUEDUHQ :LH NDQQ LFK DQGHUH XQLIRUPLHUHQ ZROOHQ ZLH GX PLU YRUZLUIVW ZHQQ LFK P|FKWH GD VLH GHQNHQ" ,VW GDV QLFKW GDV *HJHQWHLO GD YRQ":DUXP]LHKWLKUGHQQVRQQWDJVLQV&DIp"8PQLFKWV ]XGHQNHQXPQLFKWV]XVHKHQZLHGHU9RJHO6WUDXGHU GHQ.RSILQGHQ6DQGVWHFNW³ 6HLQH $QJULIIH ZDUHQ VFKDUI VFKRQXQJVORV DXFK JHJHQ PLFK JHULFKWHW 6HLQH *HGDQNHQ ZDUHQ XQHUK|UW 'DV 6FKZHLJHQ EHLP JHPHLQVDPHQ *HVDQJ ZDU GDJHJHQ HLQH 1LFKWLJNHLWJHZHVHQ$OOHVLQLKPGUlQJWH]XP$XVEUXFK ]XP$XIEHJHKUHQ]XU7DW (UPXVWHUWHPLFKVFKZHLJHQGXQGZDUWHWH ,FK DEHU ZXWH LKP NHLQH $QWZRUW ]X JHEHQ XQG LFK ZROOWHLKPDXFKQLFKWDQWZRUWHQZHLOHLQVWDUNYHUDVWHWHU .ORW] PLU VHKU ]X VFKDIIHQ PDFKWH :LHGHU XQG ZLHGHU KLHELFKDXIGHQ.QRUUHQHLQRKQHLKQVSDOWHQ]XN|QQHQ ,FKZXUGHXQZLOOLJ%RGHQEHUJV:RUWHKDWWHQPLFKQHUY|V JHPDFKW ,FK NRQQWH PLW PLU QLFKW LQV UHLQH NRPPHQ (U KDWWH PLU QDFNWH 7DWVDFKHQ JHVFKLOGHUW DEHU ZLH NRQQWH
LFKVHLQH:RUWHEHMDKHQZHQQGXUFKVLHEHLPLUVlPWOLFKH %HJULIIH ZLH 0RUDO 3IOLFKW 7UHXH *HKRUVDP DQHU]RJHQ GXUFK+LWOHUMXJHQG6FKXOHMDVRJDUGHQ9DWHUIUDJZUGLJ ZXUGHQ" 6R IOXFKWH LFK YRU PLFK KLQ GDQQ VWHOOWH LFK GHQ .ORW] PGH GHV VWlQGLJHQ 0LHUIROJV DXI GLH VFKUlJH 6FKQLWW IOlFKH XQG KLHOW LKQ PLW GHU OLQNHQ +DQG IHVW :LHGHU VFKOXJ LFK ]X 'DV %HLO UXWVFKWH DQ HLQHP $VW DE XQG REJOHLFK LFK GLH +DQG ]XUFNUL VWUHLIWH GLH .OLQJH GLH .XSSH PHLQHV =HLJHILQJHUV XQG VFKQLWW VLH QHEHQ GHP 1DJHOLQGHVVHQJDQ]HU7LHIHDXI ,FK VFKULH DXI YRU (QWVHW]HQ XQG 6FKPHU] YHUGHFNWH GRFK GDV KHUYRUTXHOOHQGH %OXW GLH ZDKUHQ $XVPDH GHU :XQGH ,FK JODXEWH QLFKW DQGHUV DOV GD LFK PLU GHQ KDOEHQ =HLJHILQJHU DEJHVFKODJHQ KlWWH $OOHV GUHKWH VLFK YRUPHLQHQ$XJHQ %RGHQEHUJ SDFNWH PLFK DP $UP XQG UL PLFK GLH .HO OHUVWXIHQKLQDXI]X.DLVHUV:RKQXQJ 'HU 2EHUIHOGPHLVWHU ZDU ]XP 0LWWDJHVVHQ QDFK +DXVH JHNRPPHQ :lKUHQG HU PLFK YHUEDQG VSUDFK HU YRQ 9HUZXQGXQJHQ DQ GHU )URQW XQG %OXWYHUJLHHQ IU 9RON XQG9DWHUODQG(UNORSIWH%RGHQEHUJDXIGLH6FKXOWHUXQG OLHXQVQDFKGHP:DVFKHQYRQVHLQHU)UDX.DUWRIIHOEUHL XQG%OXWZXUVWDXIWUDJHQ 0LU VFKPHU]WH GHU .RSI LQ PHLQHU :XQGH KDFNWH HV 0LW:LGHUZLOOHQIKUWHLFKGLH*DEHO]XP0XQG .DLVHU HUNXQGLJWH VLFK QDFK %HUXI XQG 'LHQVW ,FK HQW JHJQHWH IUHLPWLJ Ä8QWHUIHOGPHLVWHU 6WDQJH IDW XQV PDQFKPDOVHKUKDUWDQ³ Ä6WDQJHLVWUDXKDEHUKHU]OLFK-XQJV³VDJWH.DLVHUPLW EOLW]HQGHQ $XJHQ Ä8QVHUH =HLW EUDXFKW KDUWH 0lQQHU :LH VFKZHU KDEHQ HV XQVHUH /HXWH YRUQ LP NDOWHQ XQG
PRUDVWLJHQ*UDEHQ³(UVDKXQVHUQVWXQGHLQGULQJOLFKDQ DOV IU|UH HU 1DFKW XP 1DFKW PLW LKQHQ 'DQQ OLH HU VLFK YRQ VHLQHU )UDX )UXFKWVDIW EHU GHQ 3XGGLQJ JLHHQ Ä8QWHUIHOGPHLVWHU6WDQJH³VDJWHHUÄZLOOQXUHXHU%HVWHV ZHQQ HU HXFK ]X KDUWHQ 0lQQHUQ HU]LHKW GLH DXFK GHQ LQQHUHQ 6FKZHLQHKXQG EHNlPSIHQ N|QQHQ :LH ZROOW LKU VRQVW GDV /HEHQ DQ GHU )URQW HUWUDJHQ XQG *URGHXWVFK ODQGGHQ6LHJVLFKHUQKHOIHQ³ (UVWDQGDXIXQGVFKULWW]ZLVFKHQ6FKUHLEWLVFKXQG%DO NRQKLQXQGKHUÄ'LH5XVVHQKDEHQQDFKOHW]WHQ0HOGXQ JHQ%UHVWJHQRPPHQ-XQJV8QGGDVOLHJWDQGHU'HPDU NDWLRQVOLQLH LQ 3ROHQ 'LH )URQW LVW XQV YHUGDPPW QDKH JHUFNW³ 0LWKDOEHP2KUK|UWHLFK]XLP=HLJHILQJHUSRFKWHGDV %OXW,FKNRQQWHGHQ(VVHQJHUXFKQLFKWPHKUHUWUDJHQXQG VFKREGHQ7HOOHU]XUFN .DLVHU ERW XQV DQ DXI GHP %DONRQ LQ GHQ .RUEVWKOHQ 3ODW] ]X QHKPHQ (V ZDU ZLUNOLFK HLQ VFK|QHU )UK OLQJVWDJ Ä'RUWKDEWLKUIULVFKH/XIW³VDJWHHUÄ*HKHQ6LHHUVWLQV /DJHU]XUFNZHQQ,KQHQEHVVHULVW-XVW%RGHQEHUJ6LH EOHLEHQVHOEVWYHUVWlQGOLFKDXFK³ $OV ZLU QDFK HLQHU 6WXQGH JLQJHQ ² ZLU IKOWHQ XQV QLFKW ZRKO LQ GHU EHKDJOLFK HLQJHULFKWHWHQ :RKQXQJ ² GUFNWH PLU )UDX .DLVHU HLQ 3lFNFKHQ LQ GLH +DQG Ä'D 6LHQLFKWVLP0DJHQKDEHQ³VDJWHVLHIUHXQGOLFKÄ$QGHU IULVFKHQ/XIWZHUGHQ6LHVLFKHU+XQJHUEHNRPPHQ³ /DQJVDPJLQJHQZLUGXUFKGLH)HOGHU]XUFN:LUVSUD FKHQ QLFKW YLHO PLWHLQDQGHU ,FK ZDU PGH XQG ZLH ]HU VFKODJHQ $QGHUDOWHQ%RFNZLQGPKOHVHW]WHQZLUXQVDXIGLHYRQ GHU 6RQQH HUZlUPWHQ 6WHLQVWXIHQ :HLW EHUEOLFNWHQ ZLU
GLH ULHVLJH (EHQH :LH JURH )OLFNHQ JUDX XQG JUQ UHLKWHQVLFKGLH)HOGHUDQHLQDQGHUJHWUHQQWGXUFKQLHGULJH +HFNHQ XQG GXUFK]RJHQ YRQ GHP *HlGHU KHOOHU :HJH .DXP KREHQ VLFK HLQ]HOQH 7PSHO DE 6FKPHO]ZDVVHU 5HJHQZDVVHU ,FK ZLFNHOWH HLQHQ KDOEHQ 1DSINXFKHQ DXV GHP 3lFN FKHQ Ä,³VDJWHLFKXQGUHLFKWH%RGHQEHUJHLQ6WFN
6RVDHQZLUXQGDHQDQGHU:LQGPKOH:LHYLHO.RUQ KDWWH VLH EHUHLWV JHPDKOHQ" :LHYLHO .RUQ KDWWHQ GLHVH )HOGHU JHWUDJHQ +LQWHU MHQHQ (UOHQ XQVLFKWEDU IU XQV IORGLH1HW]H+LQWHUGHQURWHQ'lFKHUQ1DNHOV]RJVLFK GHU 1HW]H:HLFKVHO.DQDO HQWODQJ *DQ] LP 'XQVW DP +RUL]RQWODJ%URPEHUJDQGHUEUHLWHQWUlJHQ:HLFKVHO,Q GLH :HLFKVHO DEHU IOR GHU %XJ XQG EHU GHQ VHW]WHQ VFKRQ GLH 5XVVHQ ZLH .DLVHU EHLP 0LWWDJHVVHQ EHULFKWHW KDWWH 1XUHLQLJH=LUUHQVWDQGHQXQEHZHJOLFKDPEODXHQ+LP PHOIHLQ]HUIDVHUW,Q0DOWHUZUGHQMHW]WGLHHUVWHQ%RRWH EHUGHQ6WDXVHHWUHLEHQ:LHVFK|QGLH:HOWZDU« $EHULUJHQGZRGDKLQWHQODXHUWHGLH)URQWEHUHLWÄKDUWH³
0lQQHU ]X YHUVFKOLQJHQ :UGH GLH :LQWHUVDDW QRFK DXI MHQHQ)HOGHUQJHHUQWHWZHUGHQ":UGHGHU+HUEVWUHJHQLQ 3DQ]HUVSXUHQKLHU7PSHOELOGHQ" Ä1DFK GHP .ULHJ ZHUGH LFK VSLHOHQ³ VDJWH %RGHQEHUJ QDFKGHQNOLFKÄ0R]DUW%HHWKRYHQ6FKXEHUW8QGOHUQHQ GDPLW LFK GDV VSLHOHQ NDQQ 0HLQH *HLJH ODVVH LFK PLU VFKLFNHQ 'DQQ LVW DXFK GLH =HLW KLHU QLFKW YHUORUHQ³ (U VWUHFNWHGLH+lQGHYRUÄ:HQQGLHQXUJHVXQGEOHLEHQ«³ 0LFKKDWWHGLH3DXVHJHNUlIWLJWVRGDZLUXQVHUKREHQ XQG GHP /DJHU ]XVWUHEWHQ $OV ZLU HV HUUHLFKWHQ GDFKWH LFK :DUXP KDVW GX GHQ .XFKHQ QLFKW LQ GHU %DUDFNH JHWHLOWRIIHQYRUDOOHQ" $OVDPQlFKVWHQ0LWWDJ²LFKZDUGXUFKPHLQH9HUOHW ]XQJ GLHQVWXQWDXJOLFK ² GHU =XJ ]XP (VVHQ LQV /DJHU ]XUFNJHNHKUW ZDU EHWUDFKWHWHQ PLFK %WWHQ XQG 7DW]HO PLW6FKDGHQIUHXGHGLHVLHVRRIIHQ]XU6FKDXWUXJHQGD HV VHOEVW GHP ]ZDU DXFK VWUDKOHQGHQ ODQJHQ +HLPDQQ ]XYLHO ZXUGH )DELDQ GDJHJHQ ZLFK PLU DXV %RGHQEHUJ DEHUVFKLHQJHGUFNWHUDOVYRUKHU ,Q GHU 6WXQGH )UHL]HLW QDFK GHP (VVHQ ]RJ PLFK *RWW IULHG 6FKHPPHO LQ HLQHQ YHUVWHFNWHQ :LQNHO KLQWHU GHQ %DUDFNHQ'HU%RGHQZDUDXIJHZHLFKWHVURFKQDFK(UGH 9RQ HLQHP *HK|IW DXI GHU DQGHUHQ 6HLWH GHU 6WUDH JDN NHUWHQ3HUOKKQHU +LHUEHULFKWHWH6FKHPPHO 'HU=XJZDU]XGHP]HUIDOOHQHQ3DQ]HUJUDEHQKLQWHUGHU :LQGPKOH PDUVFKLHUW XP GRUW PLW GHQ ODQJHQ IUDQ]|VL VFKHQ*HZHKUHQ]XH[HU]LHUHQ'DV3IODVWHUZDUUHJHQQD LQGHQ5DGVSUHQDXIGHP6RPPHUZHJKDWWHVLFK:DVVHU JHVDPPHOW 6WDQJH ZDU VFKOHFKWHU /DXQH JHZHVHQ GD VHLQ +XQG NUDQN]XVHLQVFKLHQÄ:DVWURWWHWLKUZLHGLH*URYlWHU³
VFKULHHU 'LH YRUGHUHQ YHUJU|HUWHQ LKUH 6FKULWWH ,Q GHU 0LWWH NDPPDQ DXV GHP 7DNW (V KDWWH LQ GHU .RORQQH JHZRJW ZLHZHQQE|LJHU:LQGEHUHLQ*HWUHLGHIHOGVWULFK Ä$EWHLOXQJ²KDOW³NRPPDQGLHUWH6WDQJHÄ*HZHKU² DE*HZHKUULHPHQ²NXU]³ )HLQHU 5HJHQ GXUFKQlWH GLH $UEHLWVPlQQHU ,FK ZDU IURK GD LFK QLFKW PLW KLQDXV JHPXW KDWWH 5RVWVWHOOHQ XQG OHKPLJH +RVHQ 'DV JDE HLQH 3XW] XQG )OLFNVWXQGH DP$EHQG Ä'DV*HZHKU²EHU³ 6LHKDWWHQDQGHQZlUPHQGHQ2IHQJHGDFKWXQGGDVLH GLH6DFKHQWURFNQHQPWHQEHYRUVLHVLHDXVEUVWHWHQ Ä,P*OHLFKVFKULWW²PDUVFK³ %RGHQEHUJ KDWWH DQ GHQ .HOOHU JHGDFKW :DU VFK|Q JH VWHUQ 'RFK GDV VROOWH LFK HUVW VSlWHU HUIDKUHQ $OV HV ]X VSlWZDU 6FKHPPHO KDWWH DQ PLFK JHGDFKW ZLH LFK VR VFK|Q LP /DJHUVlH$EHULQGHQ)LQJHUKlWWHHUVLFKQLFKWJHKDFNW 'DQQ HKHU HLQHQ %HLOKLHE LQ GDV 6FKLIIHUNODYLHU -D GDV KlWWHGHQ6WDQJHJHWURIIHQ $XFK GX GDFKWH LFK ELWWHU (V ]HLJWHQ VLFK .HLPH HLQHU IXUFKWEDUHQ .UDQNKHLW LQ XQV .HLPH GHV 7URW]HV GHV $XIEHJHKUHQV %WWHQLQGHU.RORQQHYROO:XW'HU-XVWGHU+XQGYHU VWHKWHVHLQHUXKLJH.XJHO]XVFKLHEHQ )DELDQV$QJVWYRUGHQ/HKPZlQGHQGHV3DQ]HUJUDEHQV -DHU]lKOQXU6FKHPPHO,FKNDQQWHVLHDOOH 'LH NQRVSHQWUDJHQGHQ %DXPZLSIHO ZDUHQ EHU GLH .R ORQQH KLQZHJJH]RJHQ XQWHU LKUHQ )HQ GLH EHPLVWHWH 6WUDH Ä(ULND GUHL « YLHU³ 'DV .RPPDQGR 6WDQJHV KDWWHLKU'HQNHQ DEJHVFKQLWWHQ +HLPDQQ VDQJ HLQ KXQJ
ULJHU :ROI GHU VHLQH 0HXWH YHUORU 'HU NOHLQH 8QWHUIHOG PHLVWHU KDVWHWH QHEHQ LKP KHU :LH GDPDOV DXI GHP 0DUVFK]XU1HW]H Ä$XHU ,KUHU /lQJHKDEHQ 6LH QRFK QLFKWV ]XVWDQGH JH EUDFKW6LH6DXULHU³ +HLPDQQVWLPPWHHUQHXWDQ Ä+DEHQ 6LH HLQPDO JHK|UW GD HV VR HWZDV ZLH 0XVLN JLEW" 'DQQ K|UHQ 6LH PDO DP 6RQQWDJ LP &DIp JDQ] EH VRQGHUVJXW]X³ -HW]WZDU%WWHQZDFKJHZRUGHQ(UVSUWHVHLQH&KDQFH Ä(ULNDGUHL«YLHU³ +HLPDQQVDQJOHLGOLFKGLHHUVWH=HLOH Ä:DVNDXHQ6LHZLHHLQH.UlKHEHLP )UKVWFN$EWHL OXQJ²KDOW*UXSSHQIKUHUUDXV³ ,FKHPSIDQGHVDOVXQJHKHXUHV*OFNGDLFKGLHQVWXQ IlKLJJHZHVHQZDU Ä+LQOHJHQ³ 'LH $UEHLWVPlQQHU ZDUHQ DXVHLQDQGHUJHVWROSHUW EHU GLH %HLQH EHUHLWV DXI GHU (UGH $XVJHVWUHFNWHU JHIDOOHQ (LQH OLHJHQGH $EWHLOXQJ QLPPW PHKU 5DXP HLQ DOV HLQH PDUVFKLHUHQGH 6WDQJHV $XJHQ ZDQGHUWHQ EHIULHGLJW GLH 6FKDUDE'DVZDUIULKQHUVWGHU$QIDQJ 'DZDUHUHUVWDUUW ,QPLWWHQGHUOLHJHQGHQ0lQQHUKDWWHHLQHUDOOHLQJHVWDQ GHQVWUDPPLQ)URQW]XP8QWHUIHOGPHLVWHU'LH*UXSSHQ IKUHU DP6WUDHQUDQGVFKULHQ ,FK NRQQWH PLU YRUVWHOOHQ ZDVGDVIUHLQ7KHDWHUJHZHVHQVHLQPXWH 1RFK HKH GHU YHUGXW]WH 6WDQJH HWZDV VDJHQ NRQQWH EH JDQQ%WWHQÄ+DEHHWZDV]XPHOGHQ8QWHUIHOGPHLVWHU³ 1HXJLHULJ JHZRUGHQ EH]ZDQJ 6WDQJH GLH DXIVWHLJHQGH :XWXQGIUDJWHNXU]Ä1XQ"³ Ä8QWHUIHOGPHLVWHU LFK ELWWH GHQ $UEHLWVPDQQ +HLPDQQ
DP6RQQWDJLP7DWUDå 7URPSHWHVSLHOHQ]XODVVHQ³ Ä:ROOHQ6LHNQHLIHQZHLO6LHKHXWHHLQELFKHQQDJH ZRUGHQVLQG"6LQG6LHZDKQVLQQLJ6LH,GLRW"0HKUKDEHQ 6LHQLFKW]XVDJHQ"+LQOHJHQ$XI+LQ«$XI²1XQ ZLHLVWGDV6ROOGHU+HLLPPHUQRFK7URPSHWH«"³ %WWHQ VWDQG WULHIHQG GD ,Q GHU (LOH KDWWH HU VLFK QLFKW VHKU YRUVLFKWLJ LQ GLH +RUL]RQWDOH EHJHEHQ N|QQHQ 'HQ 6SD KDWWH 6WDQJH MHW]W JHKDEW DEHU DXI %WWHQV .RVWHQ %WWHQKDWWHMHGRFKHLQPDODQJHIDQJHQQLFKWORFNHUJHODV VHQ Ä8QWHUIHOGPHLVWHU 6LH KDEHQ UHFKW +HL LVW YROONRPPHQ XQPXVLNDOLVFK 0XVLN NDQQ QXU YRQ )DFKPlQQHUQ DXVJH IKUW ZHUGHQ DXFK GDV $QVWLPPHQ +DEH ]X PHOGHQ 8QWHUIHOGPHLVWHU GD ZLU HLQHQ HUVWNODVVLJHQ 0XVLNIDFK PDQQ XQWHU XQV KDEHQ GHU 0XVLN VWXGLHUW KDW DOVR EH VWLPPWLQGHU/DJHVHLQPWHDQ]XVWLPPHQ³ Ä:HU"³ Ä%RGHQEHUJ³ Ä'DV 'LQJ LVW JXW $XIVWHKHQ %RGHQEHUJ -HW]W VLQJHQ 6LH JDQ] DOOHLQ GLH (ULNDå DOOH 6WURSKHQ 6RODQJH EOHLEW GHU=XJLP'UHFNOLHJHQ:HQQHVEHVVHUJHKWDOVEHL+HL VLQG 6LH DE KHXWH JHZLVVHUPDHQ 9RUVlQJHU XQG GHU +HL ZLUGSHQVRQLHUW³(UVDJWHZLUNOLFKSHQVRQLHUW 6RKDWWHDOVR%RGHQEHUJLPIHLQHQ1LHVHOUHJHQ]ZLVFKHQ /HLEHUQDXIGHU/DQGVWUDHJHVWDQGHQXQGJHVXQJHQ$OOH 6WURSKHQ KDWWH HU JHVXQJHQ VFKQHOO GDPLW GLH 0lQQHU HKHU DXIVWHKHQ NRQQWHQ :lUH HU DOOHLQ JHZHVHQ HU KlWWH JHVFKZLHJHQZLHLFKLKQNDQQWH (UKDWWHLPPHUZDVHUDQIDWHJDQ]JHWDQ6RYHUVWHOOWH HU VLFK DXFK KLHU QLFKW XP VFKOHFKWHU DOV +HLPDQQ DE]X VFKQHLGHQ 6WDQJH DEHU KDWWH VHLQH )UHXGH 'HU =XJ EOLHE YRU GHQ
/HKPZlQGHQGHV3DQ]HUJUDEHQVYHUVFKRQW %WWHQ MHGRFK KDWWH VLFK JHUlFKW KDXSWVlFKOLFK DQ PLU 'XUFK %RGHQEHUJ ZROOWH HU PLFK WUHIIHQ (U ZROOWH HLQHQ .HLO]ZLVFKHQXQVWUHLEHQ(UKDWWHVLFKGDIUJHUlFKWGD LFK%RGHQEHUJPHLQH*HLJHJHJHEHQKDWWHXQGPLWLKPLQ GLH6WDGWJHJDQJHQZDU 6FKHPPHOEUDFKWHVHLQHQ%HULFKW]X(QGH Ä:LU KDEHQ KHXWH YRUPLWWDJ IDVW QXU JHVXQJHQ 6WDQJH NDP PLU YRU ZLH HLQ .LQG GDV HLQ QHXHV 6SLHO]HXJ DXV SURELHUW (ULND GUHL « YLHU :LOGEUHWVFKW] GUHL « YLHUå 1DGXNHQQVWGDVMDVHOEHU 6WDQJHKDWJHODFKW$QVHLQHQNUDQNHQ+XQGKDWHUEHU KDXSWQLFKWPHKUJHGDFKW³ 'DVHU]lKOWHPLU6FKHPPHOKLQWHUGHU%DUDFNH ,FK DEHU IUDJWH PLFK RE GHQQ ZLUNOLFK VR YLHO SDVVLHUW VHL %RGHQEHUJ VWLPPWH DQ QXQ JXW +HLPDQQ RGHU %R GHQEHUJ ² HLQHU PXWH HV WXQ 9LHOOHLFKW WUXJ HV VRJDU GD]XEHL%RGHQEHUJV$QVHKHQEHL6WDQJH]XKHEHQJHQR GRFKDXFKLFKHLQJHZLVVHV:RKOZROOHQGXUFKPHLQ0XVL ]LHUHQ 6FKHPPHO PXWH LQ GLH %DUDFNH JHKHQ VHLQ =HXJ IU GHQ1DFKPLWWDJLQ2UGQXQJ]XEULQJHQ 6FKRQ DOV ZLU GLH 6WXEH EHWUDWHQ PHUNWH LFK GD DOOHV JDQ]DQGHUVJHNRPPHQZDUVFKOHFKWHUKlOLFKHU 0DQ VSUDFK YRQ (ULND XQG GDPLW ZDU QLFKW GDV /LHG JHPHLQW %WWHQ GHQ LFK PHLQH 9HUDFKWXQJ GHXWOLFK VSUHQ OLH KDWWHHVMHW]WOHLFKWGLH/DFKHUDXIVHLQH6HLWH]XEULQJHQ :LUKDWWHQ(ULNDDXIXQVHUHU6WXEHHLQ0lGFKHQ« Ä(ULND³KLHHVZHQQ%RGHQEHUJDXIWDXFKWH Ä(ULND³VDJWHQEDOGGLH*UXSSHQIKUHUDOOHQYRUDQ%| GHOILQJHU
Ä(ULND³ULHI6WDQJH :LHYLHO 0|JOLFKNHLWHQ ]X DXVJHIDOOHQHQ 6SDHQ JDE HV MHW]W" %WWHQV XQG 7DW]HOV 3KDQWDVLH HUODKPWHQ QLH %UDXFKWH (ULND QLFKW DOOHLQ HLQ =LPPHU" %UDXFKWH VLH EHUKDXSWQRFKHLQ%HWW",P:DVFKUDXPEHLP)UKVSRUW EHUDOO IORJHQ =RWHQ KLQ XQG KHU GHUHQ =LHOVFKHLEH %R GHQEHUJZDU 'LHVHU 6WXUPIOXW YRQ *HKlVVLJNHLWHQ ZDU GHU %UDXQ VFKZHLJHU QLFKW JHZDFKVHQ 6FKHPPHO DOOHLQ GHU VLFK QLFKW GDUDQ EHWHLOLJWH XQG HLQLJH GLH QLH WRQDQJHEHQG JHZHVHQ ZDUHQ XQG VLFK IROJOLFK DXFK KLHU QLFKW GXUFK VHW]WHQ ZDUHQ HLQVDPH %lXPH LQ GLHVHP VFKPXW]LJHQ +RFKZDVVHU ,FKDEHUKDWWHDP$EHQGGHV7DJHVGDVLFKGLHVDXIGHU /DQGVWUDH ]X 1DNHO DQJHEDKQW KDWWH KRKHV )LHEHU EH NRPPHQ VR GD LFK GHQ 5HVW GHU :RFKH LP .UDQNHQUH YLHU]XEULQJHQPXWH %RGHQEHUJDEHUYHUVWXPPWHHQGJOWLJ
,FK KDWWH JHQXJ =HLW ]XP 1DFKGHQNHQ $Q GLH ZHLJH WQFKWH 'HFNH ]HLFKQHWHQ PHLQH EHUUHL]WHQ 1HUYHQ GLH VHOWVDPVWHQ%LOGHUZLHDXIHLQH/HLQZDQG:HQQLFKPLFK HUKRE EHILHO PLFK HLQ 6FKZLQGHO GD LFK ZLH EHWlXEW LQ GLH.LVVHQ]XUFNILHO $EHU GDQQ QDKP LFK PLFK ]XVDPPHQ 6FKHPPHO EH VXFKWHPLFKVRODQJHHVVHLQH)UHL]HLWXQGGHU+HLOJHKLOIH 6FKUHLEHU HUODXEWHQ 'HU 6RQQWDJ NDP QlKHU ,FK ZROOWH ELV GDKLQ HLQLJHUPDHQ JHVXQG VHLQ ZHQQ LFK DXFK QRFK QLFKWZUGHZLHGHUJHLJHQN|QQHQ 'LH .DSHOOH ZDU RKQH *HLJHU :HP YHUWUDXWH LFK PHLQ ,QVWUXPHQWDQ",FKVDK%RGHQEHUJYRUPLUPLWGHP%RJHQ LQ GHU +DQG ,FK JODXEWH ZLHGHU 6FKXPDQQV Ä7UlXPHUHL³
]XK|UHQ:HQQ%RGHQEHUJ6FKODJHUJHLJWH«",FKPXWH DQ GHQ MGLVFKHQ 2UFKHVWHUPXVLNHU GHQNHQ :LH ZUGH VLFKGDV6SLHOHQLP&DIpKDXVDXI%RGHQEHUJDXVZLUNHQ" ,FKZlO]WHPLFKKLQXQGKHUXQGVXFKWHHLQHQ*HLJHU,FK JDE PLU QLFKW HUVW GLH 0KH ]X EHUOHJHQ ZHU QRFK LQ )UDJHNRPPHQNRQQWH,FKVDKQXU%RGHQEHUJXQGPHLQH *UQGHZlKOWHLFKVRGDLFKMHGHV*HJHQDUJXPHQWGDPLW ZLGHUOHJWH :LHZUGHQVLFKGLHDQGHUHQYHUKDOWHQZHQQ%RGHQEHUJ VSLHOWH" (UUlQJH HU GLH $QHUNHQQXQJ )DELDQV XQG 7DW]HOV GXUFK VHLQ KHUYRUUDJHQGHV 6SLHO" %UlFKWH 6WDQJH GXUFK VHLQH %HIHKOVJHZDOW GLH Ä(ULND³/DZLQH ]XP 6WHKHQ" :UGHQ GLH DQGHUHQ =XJDQJHK|ULJHQ GLH GLH HLQW|QLJHQ 6RQQWDJHJHUQLPÄ7DWUD³YHUEUDFKWHQGHQMHQLJHQDFKWHQ GHULKQHQHLQHDQJHQHKPH)UHL]HLWYHUVFKDIIWH" :HOFKH YHUZRUUHQHQ :HJH PHLQH *HGDQNHQ DXFK JLQ JHQ VLH VDKHQ QXU *XWHV KDXSWVlFKOLFK ZRKO DXV GHP *UXQGHZHLOGHU:XQVFKLKU9DWHUZDU ,FK $UPVHOLJHU ,FK JODXEWH YRQ PHLQHP ZHLHQ )HOG EHWWDXVGLH*HVFKLFNHOHQNHQ]XN|QQHQ(LQDQGHUHUKDWWH HEHQVRJXW ZLH LFK EHPHUNW GD LFK GLH QlFKVWH =HLW GLH *HLJHQLFKWZUGHVSLHOHQN|QQHQ6WDQJH)ULKQJDEHV NHLQH3UREOHPH6HKUJXWKDWWHHULQ(ULQQHUXQJEHKDOWHQ GDHVGDHLQHQJHEHGHU0XVLNVWXGLHUWKDWWHDOVR« $OVLFKGDVYRQ6FKHPPHOHUIXKUZDULFKIURKGDPLU GLH (QWVFKHLGXQJ DEJHQRPPHQ ZDU ]XIULHGHQ GD VLH PHLQHP:XQVFKHQWVSUDFK'HQQRFKZDULFKQLFKWUXKLJ ,FKEUDFKWHHVIHUWLJDP)UHLWDJ DXVGHP5HYLHU HQWODV VHQ ]X ZHUGHQ XQG PLW 6WDQJH ]X VSUHFKHQ :HQQ VFKRQ MHPDQGPLWPHLQHU*HLJHVSLHOWHZROOWHLFKGDEHLVHLQ,FK HUKLHOWGLH(UODXEQLVGLHDQGHUHQLQV&DIp]XEHJOHLWHQ %RGHQEHUJKDWWHDOOHVRKQHlXHUH$Q]HLFKHQYRQ(UUH
JXQJ KLQJHQRPPHQ 9LHOOHLFKW JODXEWH HU VHOEVW LQVJH KHLPGDGXUFKYRQGHPVWlQGLJVWlUNHU DXILKP ODVWHQGHQ 'UXFN EHIUHLW ]X ZHUGHQ 0|JOLFKHUZHLVH ZDU HU IURK GDUEHUZHQLJVWHQVZLHGHUHLQH*HLJHLQGHU+DQGKDOWHQ ]X GUIHQ JOHLFKJOWLJ ZDV HU VSLHOWH ² 6R YLHOH %HVX FKHUZLHDQGLHVHP6RQQWDJKDWWHGDV&DIpQRFKQLHJHVH KHQ(ULNDVSLHOWH'DVZDUGLH6HQVDWLRQ6WDQJHVFKPXQ ]HOWH KDWWH HU GRFK YRU NXU]HP HLQJHIKUW GD MHGHU $U EHLWVPDQQIQI]LJ3IHQQLJH(LQWULWWIUGLH/DJHUNDVVH]XU Ä)LQDQ]LHUXQJ GHU .DSHOOH³ ]DKOHQ PXWH =LYLOLVWHQ YHU NHKUWHQKLHUVFKRQODQJHQLFKWPHKU 'LH %HVLW]HULQ VFKOHSSWH 6WKOH DXV .FKH XQG 1HEHQ UlXPHQ KHUEHL 'LH %XUVFKHQ VWLHHQ VLFK DQ GUlQJWHQ VLFK]XGHQ7LVFKHQVFKULHQXQGNODWVFKWHQ(QGOLFKOHJWH VLFKGHU6WXUP %RGHQEHUJ VWDQG VHKU DOOHLQ DXI GHP 3RGLXP ,FK HU NDQQWHHUKlWWHGHU%ULOOHQLFKWEHGXUIWVDKHUGRFKQLFKW ZDVXPLKQYRUJLQJ'DQQVHW]WHHUGHQ%RJHQDQ(VVDK DXVDOVPVVHHUVLFKGDUDQIHVWNODPPHUQ %WWHQXQG7DW]HOKDWWHQVLFK JHVWUlXEW%RGHQEHUJDXI ]XQHKPHQ PXWHQ VLH GRFK JHZlUWLJ VHLQ DQ GLH :DQG JHVSLHOW ]X ZHUGHQ )DELDQ ZDU HV HJDO 6FKHPPHO IUHXWH VLFK (U ZDUI DE XQG ]X HLQHQ DXIPXQWHUQGHQ %OLFN ]X %RGHQEHUJ REZRKO MHQHU HV QLFKW JHZDKUWH %WWHQ VDQJ KLQWHUVHLQHP]XUHFKWJHEDVWHOWHQ6FKODJ]HXJ Ä,FKKDEKHXWHQDFKWHLQ5HQGH]YRXV PLWHLQHUZXQGHUEDUHQ)UDX«³ ,FK VWHOOWH PLU GLHVHQ VRPPHUVSURVVLJHQ IHLVWHQ /DIIHQ GHPQRFKNHLQ%DUWXPGDVEHUHLWVDQVHW]HQGH'RSSHONLQQ ZXFKV PLW HLQHU )UDX YRU PLW HLQHU ZXQGHUEDUHQ )UDX (LQHQ VWlUNHUHQ .RQWUDVW NRQQWH LFK PLU QLFKW GHQNHQ 1DPHQORVHU (NHO HUIDWH PLFK 'LH *lVWH VWDPSIWHQ PLW
GHQ)HQXQGNODWVFKWHQÄ(ULND³EUOOWHQVLHÄ(ULND³ 'RFK VFKRQ SKDQWDVLHUWH 7DW]HO DXI GHP 6D[RSKRQ )D ELDQ ILHO PLW GHU JHVWRSIWHQ 7URPSHWH HLQ XQG %WWHQ PLW GHP 6FKODJ]HXJ 'DQQ VDQJ HU ZLHGHU Ä-HGHU 0HQVFK EUDXFKWHLQNOHLQHVELFKHQ/LHEH«³
%RGHQEHUJ JHLJWH UHFKW XQG VFKOHFKW PLW ,Q GHQ 6SLHO SDXVHQWUDQNHUGDV%LHULQZLOGHQ=JHQKLQXQWHU*HLJHQ XQG7ULQNHQ7ULQNHQXQG*HLJHQHLQVXPGDVDQGHUH]X YHUJHVVHQ EHLGHV XP DOOHV ]X YHUJHVVHQ HLQVDP LQ 7D EDNVFKZDGHQXQG*HMRKOH ,FK VDK VHLQH VHOEVWEHZXWH +DOWXQJ LQ XQVHUHU 6WXEH YRU HLQHU :RFKH KDWWH GLH 0XVLN YHUPRFKW $Q LKU KDWWH HU VLFK DXIJHULFKWHW LQ GLHVHU IU LKQ VR IXUFKWEDUHQ 8P ZHOW 6LH ZDU VHLQ 6FKLOG JHZHVHQ JHJHQ 8QYHUVWlQGQLV 0LJXQVW XQG $QIHLQGXQJ 'LHVHQ 6FKLOG KDWWH PDQ LKP ]HUVFKODJHQ 6WXPSI VD LFK GD XQG ZXWH :HQQ LFK HV DXFK QLFKW HQWVFKLHGHQ KDWWH VR KDWWH LFK HV GRFK JXWJHKHLHQ 'DV *HIKOQLFKWVFKXOGORVGDUDQ]XVHLQERKUWHLPPHUPHKU (U KDWWH VLFK PLU RIIHQEDUW LP .HOOHU GHV 2EHUIHOGPHL VWHUV ,FK KDWWH LKQ PHKU JHNDQQW EHVVHU DOV GLH DQGHUHQ
XQGKDWWHLKQQLFKWDQPLFKJH]RJHQ)HLJHKDWWHLFKPLFK YHUNURFKHQ PLW GHP :LVVHQ ZLH UHFKW %RGHQEHUJ PLW VHLQHQ :RUWHQ XQG VHLQHU +DOWXQJ KDWWH %RGHQEHUJ OLH VLFK QLFKW YRP 6WURP WUHLEHQ VWHPPWH VLFK GDJHJHQ ZXUGHYHUNDQQWYHUVSRWWHWYHUODFKWVFKLNDQLHUWYRQHLQHU -XJHQG GLH HU]RJHQ ZRUGHQ ZDU KDUW ZLH .UXSSVWDKO ]X VHLQ GLH EHVWLPPW ZDU IU GDV ZRIU GHU .UXSSVWDKO EHVWLPPWZDUGLHQLFKWQXUIOLQNZLH:LQGKXQGHVRQGHUQ ]X:LQGKXQGHQJHZRUGHQZDU 'DVDEHUZDUGHU8QWHUVFKLHG]ZLVFKHQPLUXQG%RGHQ EHUJ(UEHJULIIGLH$EW|WXQJGHV*HLVWHV]XGHP=ZHFNH GLH 0HQVFKHQ ]X ZLOOIlKULJHQ 0|UGHUQ ]X PDFKHQ XQG VHW]WH VLFK ]XU :HKU 0LW XQ]XOlQJOLFKHQ 0LWWHOQ IUHLOLFK RKQPlFKWLJSDVVLY ,FK DEHU IKOWH GDV JOHLFKH $P %HLVSLHO VHLQHU 3HUVRQ ZXUGHQ PLU GLH $XJHQ JH|IIQHW 8QG GHQQRFK OLH LFK PLFKZHLWHUWUHLEHQ'DKHUZLFKLFKLKPDXVWUHQQWHPLFK lXHUOLFKY|OOLJYRQLKPXQGGDLFKPLFKGHVVHQVFKlPWH HVDEHUYRUPLUVHOEVWUHFKWIHUWLJHQZROOWHHUVFKLHQHQPLU VHLQH*HGDQNHQZLGHUZlUWLJXQGPDURWWHQKDIWVRGDLFK LKQDXFKLQQHUOLFKYHUULHW $P(QGHGHV&DIpKDXVNRQ]HUWHVPXWHQZLU%RGHQEHUJ QDFK+DXVHVFKOHSSHQ(UZDUVLQQORVEHWUXQNHQ
,FK ZDU ]X IUK YRP .UDQNHQODJHU DXIJHVWDQGHQ XQG KDWWH HLQHQ 5FNIDOO HUOLWWHQ VR GD LFK DP 0RQWDJ IUK HUQHXW LQV 5HYLHU JHEUDFKW ZHUGHQ PXWH )LHEHUEODVHQ ELOGHWHQ VLFK DXI PHLQHQ /LSSHQ LQ PHLQHP =HLJHILQJHU NORSIWHGHU6FKPHU]0HLQ.RSIJOKWHDSDWKLVFKODJLFK GD 'DV /LFKW VFKPHU]WH PHLQH $XJHQ 'DV (VVHQ WUXJ 6FKUHLEHU VR ZHJ ZLH HU HV PLU KLQJHVWHOOW KDWWH %RGHQ EHUJZDUYRUGHQDQGHUHQLQGLH7UXQNHQKHLWJHIORKHQ,FK
IORKYRUPLUVHOEVWLQGLH.UDQNKHLW (LQ %ULHI PHLQHU 0XWWHU EOLHE XQJH|IIQHW 6FKHPPHO ZLHVLFKDE,FKZDUZLHHLQH6FKQHFNHLQLKUHP+DXVXQG KRIIWH GD DXHUKDOE PHLQHV +DXVHV HLQ 1LFKWV ZlUH LQ GHP VLFK GLH (UHLJQLVVH OHHUOLHIHQ HEHQIDOOV ]X HLQHP 1LFKWV +LUQJHVSLQVWH HLQHV )LHEHUQGHQ *HGDQNHQ HLQHV ,UUHQGHQ 'LH:HOWJLQJZHLWHU $P'LHQVWDJPLWWDJNDP6FKHPPHO(UKDEH)UHLZDFKH 'LH*HLJHKDEHHUDQVLFKJHQRPPHQXQGVRQVWQDMD« ,FKVHLMDNUDQN 0XWWHUVFKULHEÄ'LH(OEHKDW+RFKZDVVHU6FKUHLEGRFK HQGOLFK ZDV GHU 2VWHUKDVH EULQJHQ VROO (UNlOWH 'LFK QLFKW 'X ELVW PHLQ (LQ]LJHU «³ 2VWHUJUH 2VWHUZQ VFKH $P'LHQVWDJQDFKPLWWDJNDP%RGHQEHUJ(UVWW]WHVLFK VFKZHUDXI6FKUHLEHUKLQNWHDQPLUYRUEHUXQGNURFKLQV 1DFKEDUEHWW QDFKGHP HU PLU ZHL LP *HVLFKW HUQVW ]XJHQLFNWKDWWH(UOHJWHVHLQH %ULOOHDXIGDV )HQVWHUEUHWW GUHKWHVLFKDXIGLH6HLWHXQG]RJGLH'HFNHKRFKEHUGLH 6FKXOWHUQ GD LFK YRQ LKP QLFKW YLHO PHKU VDK DOV VHLQ VFKZDU]HVERUVWLJHV+DDU 6RODJHUELVLKQDP$EHQGGHU.UDQNHQZDJHQKROWH ,FK ZDU EHVWU]W EHU GLH 6WLOOH XQG %HKXWVDPNHLW DEHU DXFK(LOHLQGHUDOOHVYRUVLFKJHJDQJHQZDUXQGZDUWHWH XQJHGXOGLJDXIHLQHQ0HQVFKHQGHQLFKEHIUDJHQNRQQWH 6FKUHLEHUEHWUDWGDV=LPPHUQLFKWPHKUVHLWPDQ%RGHQ EHUJJHKROWKDWWH 9RQPHLQHP%HWWDXVVDKLFKGHQ0RQGZLHHLQHQULHVL JHQ 7HOOHU LQ GLH OLQNH REHUH (FNH GHV )HQVWHUV UFNHQ 9ROOPRQG (UVWHU 9ROOPRQG QDFK )UKOLQJVDQIDQJ %OHLFK IlUEWHHU3ULWVFKHQXQG6SLQGH
,P 8QJHZLVVHQ 0RQGOLFKW HUVFKLHQ %RGHQEHUJV .RSI DP )HQVWHU XQG VFKDXWH PLFK XQYHUZDQGW GXUFK VHLQH GLFNHQ EOLW]HQGHQ %ULOOHQJOlVHU DQ ,FK ZDJWH NHLQ *OLHG ]XUKUHQ(WZDV%HNOHPPHQGHVODJDXIPHLQHU%UXVW'HU 6FKZHLWUDWPLUDXIGLH6WLUQ Ä+DEHLFKYRQHXFK]XYLHOYHUODQJW"³IUDJWH%RGHQEHUJ RKQHGHQ0XQG]XEHZHJHQ$OOHVDQLKPVFKLHQ%ULOOH ,FKUDQJQDFK$WHP/XIW9LHO]XZHQLJ/XIWJDEHVIU PLFK 'HU)UDJHUZDUKDUWQlFNLJÄ:DVWUHLEWLKU"1LFKWV'HQQ LKUZHUGHWJHWULHEHQLKUODWHXFKWUHLEHQ³ ,FK ]LWWHUWH DP JDQ]HQ /HLE YRU GLHVHP %RGHQEHUJ 6WlQGLJ ULFKWHWH LFK PHLQH %OLFNH DXI LKQ LFK ZROOWH GLH $XJHQ DEZHQGHQ GRFK HLQH XQHUNOlUOLFKH 0DFKW ]ZDQJ VLH]XP)HQVWHU Ä:HUWUHLEWHXFK"³ %RGHQEHUJZDVTXlOVWGXPLFK 6HLQH%ULOOHQJOlVHUIXQNHOWHQPLFKYHUlFKWOLFKDQÄ:DU XPZHUGHWLKUVFKXOGLJ"³ ,FK VFKULH DXI (QGOLFK NRQQWH LFK VFKUHLHQ ,P KHOOHQ NDOWHQHOHNWULVFKHQ/LFKWODJGDV)HQVWHUYRUPLUDXIGHP %UHWWGDUEHU%RGHQEHUJV%ULOOH,FKVDDXIUHFKWLP%HWW QDYRP6FKZHL$QGHU7UVWDQG6FKHPPHOGLH+DQG QRFKDP/LFKWVFKDOWHU Ä/XIW³U|FKHOWHLFKXQGILHOLQGLH.LVVHQ]XUFN $P QlFKVWHQ 0RUJHQ VD 6FKHPPHO DQ PHLQHP %HWW 6HLQ:DFKGLHQVWZDUEHHQGHW(UKDWWHELV0LWWDJ)UHL]HLW $XI PHLQ %LWWHQ XQG 'UlQJHQ HU]lKOWH HU PLU ZDV VLFK ZlKUHQGGHUOHW]WHQ7DJHLP=XJHUHLJQHWKDWWHZXWHLFK GRFK QXU QRFK GD ZLU GHQ EHWUXQNHQHQ %RGHQEHUJ YRP &DIpLQV/DJHUJHVFKOHSSWKDWWHQ 1XU PLW 0KH EHNDP PDQ LKQ DP QlFKVWHQ 0RUJHQ
PXQWHU2KQHYROO]XHUIDVVHQZDVXPLKQKHUXPYRUJLQJ EHWHLOLJWH HU VLFK DP )UKVSRUW (UVW EHLP $QWUHWHQ DXI GHP $SSHOOSODW] ZXUGH HU Y|OOLJ QFKWHUQ 'RFK HU OLWW XQWHU IXUFKWEDUHQ .RSIVFKPHU]HQ 'DKHU OLHHQ LKQ GLH +lQVHOHLHQGHUDQGHUHQNDOW 0DQ JODXEWH DOOJHPHLQ DQ GLHVHP 7DJ HLQHQ OHLFKWHQ 'LHQVW ]X KDEHQ ZDU GRFK QXU HLQ ]ZDQ]LJ .LORPHWHU ODQJHU0DUVFKULQJVXP1DNHODQJHVHW]W0HFKDQLVFKOLHI %RGHQEHUJ KLQWHU VHLQHP 9RUGHUPDQQ %HLQH XQG $UPH SDWHQVLFKDXWRPDWLVFKGHP0DUVFKUK\WKPXVDQ$EXQG ]X ULHI 6WDQJH Ä(ULND GUHL « YLHU³ 'DQQ EHJDQQ %R GHQEHUJ]XVLQJHQVLFKVHOEVWHLQ)UHPGHU $OOPlKOLFKZXUGHHUDXIPHUNVDP(WZDVNODSSWHQLFKWLQ GLHVHU 0HQVFKHQPDVFKLQH 6HLQ OLQNHU 6WLHIHO ULHE HUVW ZHQLJ NDXP PHUNOLFK GDQQ LPPHU PHKU 6FKOLHOLFK JUDXWH LKP EHL MHGHP 6FKULWW VFKRQ YRU GHP QlFKVWHQ 1LFKW PHKU ODXIHQ PVVHQ 1XU QRFK ELV ]XU :DOGHFNH 1XUQRFKELV]XU%UFNH« Ä(ULNDGUHL«YLHU³ (ULNDNRQQWHQLFKWPHKU(ULNDZROOWHQLFKWPHKU %RGHQEHUJVDQJ:DOGHFNHXQG%UFNHODJHQZHLWKLQWHU LKP $XIHLQPDOKDWWHHU$QJVW:DVIUHLQ*HOlFKWHUZHQQ HU KHUDXVWUlWH XQG ElWH VLFK KLQVHW]HQ ]X GUIHQ $OOH JODXEWHQGDQQHVZlUHYRQGHP%LHU JHVWHUQ(ULNDNDQQ NHLQ%LHUYHUWUDJHQ(USUHWHGLH/LSSHQ]XVDPPHQ(XFK ZLOOLFKåV]HLJHQ %RGHQEHUJ PDUVFKLHUWH ZHLWHU 1DFK GHU +lOIWH GHU 'L VWDQ] OLH 6WDQJH ]X HLQHU 3DXVH KDOWHQ 6HFKV .LORPHWHU ZDU %RGHQEHUJ PLW 6FKPHU]HQ PDUVFKLHUW HLQLJH WDX VHQGPDO PLW GHP OLQNHQ )X DXIJHWUHWHQ -HGH 6HNXQGH VWlQGLJDQZDFKVHQGHNDXPHUWUlJOLFKH6FKPHU]HQ
%RGHQEHUJULVLFKGLH6WLHIHOKHUXQWHUXQGILHOLQV*UDV 6HLQ)XODSSHQZDUEOXWLJ :ROOWH HU ]XUFNEOHLEHQ PXWH HU VSUHFKHQ XQG QHXQ .LORPHWHUDOOHLQODXIHQ:ROOWHHUEHLGHQDQGHUHQEOHLEHQ GXUIWH HU VFKZHLJHQ XQG ZUGH HOI .LORPHWHU LP 0DUVFK PLWJHULVVHQ %RGHQEHUJ VFKZLHJ XQG EHUOHJWH LQ VHLQHP =XVWDQG QLFKW GD HU TXHU GXUFK GLH 6WDGW QXU XQJHIlKU YLHU.LORPHWHUELV]XP/DJHUKlWWHODXIHQPVVHQ 'LH HUVWHQ 6FKULWWH EHLP :HLWHUPDUVFK JODXEWH HU QLFKW PHKU DXIWUHWHQ ]X N|QQHQ (U YHUZQVFKWH VLFK ZHLO HU VLFKDXV)HLJKHLWXQG)XUFKWZHLWHUVFKOHSSWH6HFKV.LOR PHWHU YRU GHP =LHO ZDU HU IURK QLFKWV JHVDJW ]X KDEHQ 6HLQ)XVFKPHU]WHQLFKWPHKUÄ(ULNDGUHL«YLHU³ (ULNDVDQJXQGVLQJHQGPDUVFKLHUWHDP$EHQGGHU=XJ LQV/DJHU%RGHQEHUJZXVFKVLFKGLH)H'HUOLQNHZDU ZLHWDXE(LQHJURHRIIHQH%ODVHEHGHFNWHGLH)HUVH ,Q GHU 1DFKW ZDFKWH HU DXI ,P )X SULFNHOWH XQG VWDFK HV %RGHQEHUJ QDKP VLFK YRU DP 0RUJHQ LQV 5HYLHU ]X JHKHQ6HLQH*UXSSHKDWWHDQGLHVHP7DJ:DFKHVRGDHU JODXEWH VLFK VFKRQHQ ]X N|QQHQ =XP )UKVSRUW WUDW HU QLFKWDQ%|GHOILQJHUMDJWHLKQKLQDXV%RGHQEHUJELGLH =lKQH ]XVDPPHQ 6HLQH :DFKHQ YRQ DFKW ELV ]HKQ XQG YRQYLHU]HKQELVVHFK]HKQ8KUVWDQGHUQRFK'DQQEUDFK HU ]XVDPPHQ 'LH :XQGH ZDU EUDQGLJ (LQ URWHU 6WUHLIHQ ]RJVLFKELVLQGLH/HLVWHQJHJHQG -HW]W ODJ %RGHQEHUJ LP .UHLVNUDQNHQKDXV ]X :LUVLW] 6FKUHLEHU GHU LKQ LP .UDQNHQDXWR EHJOHLWHW KDWWH VDJWH GDHUUXKLJXQG]XIULHGHQVHL1XUZHQQPDQYRQ6WDQJH VSUlFKH WUlWH HLQ XQZLOOLJHU ]RUQLJHU =XJ XP VHLQHQ 0XQG8QGGLH*HLJHIHKOWHLKPXQGGLH%ULOOH8QGPLW :DOWKHU -XVW KlWWH HU JHUQ JHVSURFKHQ (U VHOEVW VHL HEHQ PDQFKPDODXFKHLQ4XHUNRSIXQG'LFNVFKlGHOJHZHVHQ
,FK EDW 6FKUHLEHU PLFK DXIVWHKHQ ]X ODVVHQ ,FK ZROOWH QDFK :LUVLW] =ZDU ZDU PHLQ )LQJHU QRFK QLFKW JHKHLOW 'RFK GLH %HLQH ZDUHQ LQ 2UGQXQJ ,FK NRQQWH DXFK DXI GHP :lJHOFKHQ HLQHV %DXHUQ GRUWKLQ IDKUHQ %RGHQEHUJ VROOWH%ULOOHXQG*HLJHKDEHQ0LUZDUGLH JDQ]H.DSHOOH Y|OOLJJOHLFKJOWLJ Ä0RUJHQ³ VDJWH 6FKUHLEHU ÄPRUJHQ NDQQVW GX IDKUHQ +HXWHKDVWGXQRFK7HPSHUDWXU³ :WHQG VFKOXJ LFK PLW GHQ )lXVWHQ DXI GLH %HWWGHFNH 6FKHPPHO OLH LFK KROHQ 'HU PXWH PLU GLH *HLJH KHU EHUEULQJHQ %RGHQEHUJV %ULOOHQDKPLFK DQPLFK'DPLW HVPRUJHQVFKQHOOHUJLQJH $PQlFKVWHQ0RUJHQKDWWHLFKYLHO=HLW ,FKEUDXFKWHQLFKW]XIDKUHQ %RGHQEHUJZDULQGHU1DFKWJHVWRUEHQ
$P 2VWHUVRQQDEHQG IXKU XQVHU =XJ PLW GHQ 5lGHUQ QDFK:LUVLW]XPLKQ]XEHJUDEHQ6WLOOZDUHVLQGHU %D UDFNH JHZRUGHQ VHLW %RGHQEHUJ IRUW ZDU %WWHQ XQG 7DW]HOZDJWHQVLFKQLFKWKHUDXV'LHDQGHUHQDEHU0LWOlX IHU XQG 0LWVFKUHLHU VFKLHQHQ HWZDV YRQ GHP JURHQ 8Q UHFKW]XVSUHQGDVDQ%RGHQEHUJEHJDQJHQZRUGHQZDU *UQGRQQHUVWDJXQG.DUIUHLWDJKDWWHQZLUQXU(UGDUEHL WHQ]XU9HUVFK|QHUXQJGHV/DJHUVGXUFKJHIKUWEHLGHQHQ VLFK 6WDQJH QLFKW EOLFNHQ OLH %|GHOILQJHU ZLHGHUKROWH VWHUHRW\SÄ'DVKDWHUVLFKVHOEVW]X]XVFKUHLEHQ³ %HYRU ZLU DP 6RQQDEHQG DXI GLH 5lGHU VWLHJHQ EWHQ ZLU DXI GHP $SSHOOSODW] $FKWXQJVVFKULWW 6WDQJH VWDUUWH PLWXQEHZHJWHP*HVLFKWDQDOOHQYRUEHL 'LH 6WUDH ZDU DEJHWURFNQHW 6WHLIHU :LQG VFKRE :RO NHQEDOOHQ DQ GHU 6RQQH YRUEHL ,Q ODQJHU .RORQQH IXKUHQ ZLU GXUFK NOHLQH DUPVHOLJH '|UIHU $XV +RO] HUULFKWHWH
PLW 6WURK JHGHFNWH VFKLHIH +lXVHU VlXPWHQ GLH 6WUDH XQWHUEURFKHQ YRQ VWlGWLVFKHQ NDKOHQ QDFNWHQ XQG URWHQ %DXWHQ %RGHQEHUJZDUWRWLFKKDWWHHLQHQ)UHXQGYHUORUHQ (LQPDO VWDQG HLQ EXQWHU .DUUHQ DP :HJH ]RWWLJH 3IHUGFKHQ GDYRU $XI HLQHP VD HLQ $IIH 'HU =LJHXQHU JHLJWHDP6WUDHQUDQGELVXQVHU=XJYRUEHUZDU 3ROH3RSSHQVSlOHUILHOPLUHLQGHUDOWHWRWH3XSSHQVSLH OHU +lWWH LFK GLH *HLJH %RGHQEHUJ LQV *UDE PLWJHEHQ VROOHQ",FKYHUQHLQWHGHQ*HGDQNHQKHIWLJ%RGHQEHUJKDOI NHLQHYHUORJHQH5RPDQWLN'DV$OPRVHQGHU*HLJHZXVFK PLFK QLFKW UHLQ 1XU HLQHV NRQQWH LKQ HKUHQ LQ VHLQHP 6LQQHKDQGHOQDQGHUHPLWUHLHQDNWLYZHUGHQ ,FKZXWH QLFKWZHUGHUHLJHQWOLFKH )HLQG ZDU ,FK KDWWH NHLQH 9RU VWHOOXQJ ZLH LFK NlPSIHQ NHLQH $KQXQJ ZLH LFK DQGHUH JHZLQQHQNRQQWH,FKZXWHQXUGDHWZDV JHWDQZHUGHQ PXWH 9RU:LUVLW]VWHOOWHQZLUGLH5lGHULP6WHLQEUXFKDEXQG OLHHQ HLQH :DFKH ]XUFN :LU PDUVFKLHUWHQ LQ GLH 6WDGW ]XP .UDQNHQKDXV 'HU )ULHGKRI ODJ DXI HLQHP %HUJ ,Q ODQJVDPHP $FKWXQJVVFKULWW PDUVFKLHUWHQ ZLU KLQDXI KLQWHU GHP 6DUJ KHU :DUXP VROOHQ ZLU XQV QLFKW HLQPDO IUGLFKTXlOHQ(ULFK" 'LH 0XWWHU NRQQWH QLFKW NRPPHQ 6LH ZDU VFKZHU HU NUDQNW$QGHUH9HUZDQGWHKDWWH%RGHQEHUJQLFKWPHKU 'HU3IDUUHUVSUDFKYRQGHU$XIHUVWHKXQJGHV)OHLVFKHV %|GHOILQJHU VSUDFK YRQ WUHX HUIOOWHU 3IOLFKW IU )KUHU XQG9DWHUODQG:LUVDQJHQYRPJXWHQ.DPHUDGHQ6WDQJH VWDQGXQEHZHJOLFKQHEHQGHP*UDE 6FKZHLJHQG PDUVFKLHUWHQ ZLU LQV 7DO OLQNV QHEHQ PLU %WWHQ UHFKWV QHEHQ PLU 6FKHPPHO ,Q YLHOHQ .HKUHQ ZDQGVLFKGHU:HJ
6FKZHLJHQGPDUVFKLHUWHQZLUGXUFKGLH6WDGW 'D IXKU HV ZLH HLQ 3HLWVFKHQVFKODJ LQ XQVHUH +LUQH WHXIOLVFKWLHULVFK Ä(ULNDGUHL«YLHU³ :LUHUVWDUUWHQ :DUGDV6FKZHLJHQYRUKHUGVWHUJHZHVHQVRZXUGHHV MHW]WHLVLJ'URKHQGKDOOWHQGLH0DUVFKWULWWHDXIGHP3IOD VWHU :DUQHQG JOHLWHQ GLH 6SDWHQ LQ GHU 6RQQH *HULQJHU ZXUGHQ GLH $EVWlQGH ]ZLVFKHQ 9RUGHU XQG 6HLWHQPlQ QHUQ :HUKDWQRFKQLFKWEHJULIIHQVFKULHHVLQPLU %RGHQEHUJZDUPLWXQVDEHUQLFKW(ULND 3O|W]OLFK NODQJ HV QHEHQ PLU KHLVHU YHU]HUUW Ä$XI GHU +HLGHVWHKWHLQNOHLQHV%OPHOHLQ«³ 0HLQH UHFKWH +DQG KLHOW GHQ 6SDWHQ GHU EHU GHU 6FKXOWHU ODJ PHLQH NUDQNH /LQNH DEHU VFKOXJ LFK RKQH %HVLQQHQ %WWHQ LQV *HVLFKW GD LKP GDV %OXW DXV GHQ /LSSHQVFKRXQGPHLQH:XQGHDXISODW]WH 6WDQJHZDUVWHKHQJHEOLHEHQ 6FKZHLJHQG PDUVFKLHUWHQ ZLU DQ 6WDQJH YRUEHL %WWHQ PLWEOXWHQGHP0XQGLFKPLWEOXWHQGHU+DQG 6FKZHLJHQG
+HIW
$QQHJUHWXQG5ROI+RIPDQQ
'HUVFKZDU]H7RG
'HU DOWH 3HUNLQV LVW DQ HLQHU UlWVHOKDIWHQ ,QIHNWLRQV NUDQNKHLW JHVWRUEHQ 6ROOWH VHLQ 6RKQ GHU $VWURQDXW 0DUVEDNWHULHQHLQJHVFKOHSSWKDEHQ"(VJLEW*HUFKWHXQG 9HUGlFKWLJXQJHQ(UVWDOVVLFKHLQ$U]WXQG]ZHL-RXUQDOL VWHQ GHU 6DFKH DQQHKPHQ HUIlKUW GHU 3HVWIDOO YRQ 6DLQW )RUULGJHLQ.DOLIRUQLHQHLQHVHQVDWLRQHOOH:HQGH