HOWHU9HUODJ
*HLVWHUNHQQHQNHLQHQ8UODXE $QGUHZ+DWKDZD\ *HLVWHU.ULPL1U$XIODJH 9E\'XPPH3XWH
'LH...
15 downloads
529 Views
1MB Size
Report
This content was uploaded by our users and we assume good faith they have the permission to share this book. If you own the copyright to this book and it is wrongfully on our website, we offer a simple DMCA procedure to remove your content from our site. Start by pressing the button below!
Report copyright / DMCA form
.HOWHU9HUODJ
*HLVWHUNHQQHQNHLQHQ8UODXE $QGUHZ+DWKDZD\ *HLVWHU.ULPL1U$XIODJH 9E\'XPPH3XWH
'LH 5HQRYLHUXQJ YRQ 3HQIRUG &DVWOH ZDU SUDNWLVFK DEJH VFKORVVHQ 1XU QRFK ZHQLJH NOHLQHUH $UEHLWHQ ZDUHQ QRW ZHQGLJELVGDV6FKORDOV+RWHOHU|IIQHWZHUGHQNRQQWH (UQLH 0DQVRQ HLQ lOWHUHU 0DQQ DXV GHU 1DFKEDUVFKDIW YHUGLHQWH VHLQ *HOG PLW $XVKLOIVDUEHLWHQ $Q GLHVHP 7DJ ]RJ HUHLQHQVFKPDOHQDEHUWLHIHQ*UDEHQYRQ3HQIRUG&DVWOH]XP :DOGUDQGKLQEHU 1LHPDQG ZDU LQ VHLQHU 1lKH DOV GLH 6FKDXIHO DXI HLQHQ KDUWHQ*HJHQVWDQGVWLH(UQLH0DQVRQZKOWHPLWGHQ+lQGHQ LQGHUORFNHUHQ(UGHELVHUHLQHQ6FKlGHOIUHLJHOHJWKDWWH .DXP EHUKUWHQ VHLQH )LQJHU GLH EOHLFK VFKLPPHUQGHQ .QRFKHQDOVHUZLHYRP%OLW]JHWURIIHQ]XVDPPHQEUDFK(UQLH 0DQVRQ ZXUGH LQV QlFKVWH .UDQNHQKDXV JHEUDFKW 8P GHQ *UDEHQNPPHUWHVLFKQLHPDQGPHKU 1DFKXQGQDFKUXWVFKWHGDV(UGUHLFKLQGDVHQWVWDQGHQH/RFK XQG YHUVFKWWHWH GHQ 7RWHQVFKlGHO 1LHPDQG KDWWH HLQH $KQXQJYRQGHULP6FKORSDUNYHUVFKDUUWHQ/HLFKHXQG(UQLH 0DQVRQHUZDFKWHQLFKWDXVGHU%HZXWORVLJNHLW 'DKHUZXUGHGDV6FKORKRWHO3HQIRUG&DVWOHDP-XOLYRQ HLQHUJXWJHODXQWHQ*HVHOOVFKDIWHLQJHZHLKWGLHQLFKWVYRQGHP 6FKUHFNHQDKQWHGHU3HQIRUG&DVWOHGURKWH
ª:HU KDW VFKRQ 9HUZDQGWH LQ $XVWUDOLHQ"© VWLFKHOWH +D]HO .HQW ª,FK MHGHQIDOOV QLFKW XQG LFK NDQQ UHFKW JXW GDUDXI YHU]LFKWHQ© 5LFN0DVWHUV/RQGRQHU3ULYDWGHWHNWLYZDUIVHLQHU)UHXQGLQ HLQHQIRUVFKHQGHQ%OLFN]X(UZROOWHKHUDXVILQGHQREVLHGLH $QVSLHOXQJHUQVWPHLQWHRGHUQLFKW ª0|FKWHVWGXPLWPHLQHQ9HUZDQGWHQQLFKW]XVDPPHQNRP PHQ"©IUDJWHHUYRUVLFKWLJª'XNHQQVWPLFKLFKYHUODQJHYRQ GLUQLFKWV© ª-HW]WVLQGZLUQXQVFKRQHLQPDOLQ+HDWKURZGDN|QQHQZLU DXFK GHLQH 9HUZDQGWHQ DEKROHQ© +D]HO KDXFKWH LKP HLQHQ .XDXIGLH:DQJHª)UGLFKLVWPLUNHLQ2SIHU]XJUR© 5LFN0DVWHUVVWLPPWHLQLKU /DFKHQ HLQ 6LH VDHQ LQ HLQHP GHU 5HVWDXUDQWV GHV /RQGRQHU )OXJKDIHQV KDWWHQ HLQ UHLFKOLFKHV 'LQQHU KLQWHU VLFK XQG ZDUHQ EHL HLQHP LWDOLHQL VFKHQ (VSUHVVR DQJHODQJW PLW GHP VLH GLH LQWHUQDWLRQDOH 6SHLVHQIROJH EHVFKORVVHQ %LV ]XU $QNXQIW GHU 0DVFKLQH DXV 6LGQH\KDWWHQVLHQRFK]HKQ0LQXWHQ=HLW ª:HLWGXZDUXPLFKGHLQH9HUZDQGWHQDXV$XVWUDOLHQMHW]W VFKRQ PDJ"© IUDJWH +D]HO .HQW XQG OlFKHOWH 5LFN EHU GHQ 5DQGLKUHU0RNNDWDVVHKLQZHJDQª'XELVWLKUHWZHJHQPLWPLU DXVJHJDQJHQ 8QG GX KDVW GLFK QLFKW ZLHGHU GXUFK HLQHQ GULQJHQGHQ)DOOVW|UHQODVVHQ© 5LFNVHXI]WHLQVLFKKLQHLQ+D]HOKDWWHUHFKW VHLQ %HUXI DOV 3ULYDWGHWHNWLY KDWWH LKQHQ EHLGHQ VFKRQ YLHOH $EHQGH YHU GRUEHQ ZHLO RIW HLQ LQWHUHVVDQWHU )DOO GD]ZLVFKHQJHNRPPHQ ZDU +HXWHDEHQGVFKLHQDOOHVJXW]XJHKHQ1LHPDQGZXWHZRKLQ 5LFN JHIDKUHQ ZDU $QUXIH ZXUGHQ LQ VHLQHU :RKQXQJ YRQ HLQHP DXWRPDWLVFKHQ $QUXIEHDQWZRUWHU HQWJHJHQJHQRPPHQ XQG DXIJH]HLFKQHW 'DV )XQNJHUlW LQ VHLQHP :DJHQ ZDU
DXVJHVFKDOWHWGDPLWHUQLFKWDXIGLHVH:HLVH]X+LOIH JHUXIHQ ZHUGHQ NRQQWH XQG LP )OXJKDIHQUHVWDXUDQW NDQQWH LKQ QLHPDQG ª+RIIHQ ZLU QXU QRFK GD *HRUJH XQG (OVD V\PSDWKLVFK VLQG© PXUPHOWH 5LFN XQEHKDJOLFK XQG EOLFNWH LPPHU ZLHGHU ]XGHU7UGXUFKGLHVHLQH9HUZDQGWHQNRPPHQPXWHQ ª6DJ EOR GX KDVW VLH QRFK QLH JHVHKHQ© ULHI +D]HO HQWJHLVWHUWDXVª'XNHQQVWVLHJDUQLFKW"© 'HU3ULYDWGHWHNWLYVFKWWHOWHGHQ.RSIª6LHKDEHQPLU)RWRV JHVFKLFNWGDPLWLFKVLH HUNHQQHQ NDQQ DEHU PHKU DXFK QLFKW :LUVLQGXQVQRFKQLHEHJHJQHW9RQ /RQGRQQDFK$XVWUDOLHQ LVWHVMDGRFK]LHPOLFKZHLW© ª1D GDV NDQQ KHLWHU ZHUGHQ© PXUPHOWH +D]HO 'HU ]XIULHGHQH *HVLFKWVDXVGUXFN EHU GHQ JHOXQJHQHQ $EHQG YHUVFKZDQGXQGPDFKWHHLQHUJHK|ULJHQ3RUWLRQ6NHSVLV3ODW] ª:HUZHLZDVGDDXIXQV]XNRPPW© ª(VNRPPWVFKRQDXIXQV]X©VDJWH5LFN0DVWHUVVWDQGDXI XQG JLQJ HLQHP MXQJHQ (KHSDDU HQWJHJHQ GDV VLFK VXFKHQG XPEOLFNWH (LQ SDDU HUNOlUHQGH :RUWH GDQQ EUDFKWH 5LFN VHLQHQ 9HWWHU XQG GHVVHQ )UDX DQ GHQ 7LVFK XQG PDFKWH VLH PLW +D]HO EHNDQQW +D]HO.HQWZDUDQJHQHKPEHUUDVFKWVLHYHUVWDQGVLFKJHQDX ZLH 5LFN DXI $QKLHE JXW PLW *HRUJH XQG (OVD 3HQQLQJ DXV 6LGQH\=XYLHUWYHUEUDFKWHQVLHGHQ$EHQGLQGHVVHQ9HUODXI HLQHXQVHOLJH,GHHJHERUHQZXUGH ª,FKP|FKWHJHUQHLQHVGHUHQJOLVFKHQ6SXNVFKO|VVHUVHKHQ© ULHI (OVD 3HQQLQJ ª(LQ ULFKWLJ DOWHV 6FKOR 'DV ZlUH ID EHOKDIW© 8QG +D]HO .HQW QDKP GHQ *HGDQNHQ DXI ª(V PX MD QLFKW JOHLFK VSXNHQ 5LFN© ZDQGWH VLH VLFK GLUHNW DQ LKUHQ )UHXQG ª$EHUHLQLJH7DJH8UODXEDXIHLQHP6FKORLQGHQ+LJKODQGV ZlUHQLFKWVFKOHFKW© ª,FKKDEHJHOHVHQGDJHVWHUQHLQQHXHV6FKORKRWHOHU|IIQHW
ZXUGH© 5LFN 0DVWHUV EUDXFKWH QLFKW ODQJH QDFK]XGHQNHQ ELV LKP GHU 1DPH ZLHGHU HLQILHO ª3HQIRUG &DVWOH LQ 6FKRWWODQG ]LHPOLFKZHLWDEHUGLH)DKUWORKQWVLFK© $XFK*HRUJH3HQQLQJVWLPPWH]XVRGDVLHQRFKDQGLHVHP $EHQG=LPPHUDXI3HQIRUG&DVWOHEHVWHOOWHQ $OV 5LFN DQULHI PXWH HU GDV 7HOHIRQ ]LHPOLFK ODQJH OlXWHQ ODVVHQHKHMHPDQGDQGHQ$SSDUDWJLQJ +lWWHQ VLH JHZXW ZDUXP HV VR ODQJH JHGDXHUW KDWWH ZlUH VLFKHUDOOHVJDQ]DQGHUVJHNRPPHQ
$XI 3HQIRUG &DVWOH ZDU GLH (LQZHLKXQJVIHLHU DP -XOL RKQH =ZLVFKHQIlOOH YHUODXIHQ XQG ]X HLQHP JURHQ (UIROJ JHZRUGHQ 6RJDU )HUQVHKHQ XQG 3UHVVH EHULFKWHWHQ EHU GLH QHXH $WWUDNWLRQ 6FKRWWODQGV 3HQIRUG &DVWOH HLQHV GHU VFK|QVWHQ *HElXGH GHV /DQGHV VWDQG YRQ QXQ DQ GHP ]DKOHQGHQ3XEOLNXPDOV+RWHO]XU9HUIJXQJ 'DV 6FKOR JHK|UWH HLQHU *HVHOOVFKDIW XQG ZXUGH YRQ HLQHU 0DQDJHULQJHIKUW0UV+DOOLQJIRUG2EZRKOVLHPLWVRZHQLJ 3HUVRQDO ZLH P|JOLFK DXVNRPPHQ ZROOWH PXWH VLH GRFK ]DKOUHLFKH +LOIVNUlIWH HLQVWHOOHQ GHUHQ 1DPHQ VLH VLFK QLFKW HLQPDOPHUNWH (V ZXQGHUWH 0UV +DOOLQJIRUG GDKHU QLFKW DOV JHJHQ $EHQG GHV -XOL GHV 7DJHV QDFK GHU (LQZHLKXQJ HLQ LKU Y|OOLJ 8QEHNDQQWHU GLH +DOOH EHWUDW XQG DXI GLH .FKH ]XJLQJ 'UDXHQ ZDU HV EHUHLWV GXQNHO LQ GHU +DOOH EUDQQWH QXU JH GlPSIWHV/LFKW ª:DUWHQ 6LH HLQHQ 0RPHQW© VDJWH 0UV +DOOLQJIRUG XQG NDPKLQWHUGHU5H]HSWLRQKHUYRUKLQWHUGHUVLHDOOHLQDUEHLWHWH ª6LH N|QQWHQ IU PLFK « +DOOR LFK KDEH JHVDJW GD 6LH VWHKHQEOHLEHQVROOHQ© 'LH 0DQDJHULQ GHV +RWHOV EHVFKOHXQLJWH LKUH 6FKULWWH XQG YHUVXFKWH GHQ ZLH HLQ .HOOQHU JHNOHLGHWHQ 0DQQ HLQ]XKROHQ
3O|W]OLFKPDFKWHHUKDOWXQGGUHKWHVLFKUDVFK]XLKUXP (QWVHW]W VFKOXJ 0UV +DOOLQJIRUG GLH +lQGH YRU GHQ 0XQG XQGWDXPHOWHHLQSDDU6FKULWWHUFNZlUWV (LQ IOHLVFKORVHU 7RWHQVFKlGHO JULQVWH LKU HQWJHJHQ /HHUH $XJHQK|KOHQVWDUUWHQDXIVLHKHUXQWHU 6LH ZROOWH VFKUHLHQ GRFK LKUH .HKOH ZDU ZLH ]XJHVFKQUW 'DV (QWVHW]HQ OlKPWH VLH GD VLH QLFKW HLQPDO GLH )OXFKW HUJUHLIHQNRQQWH'DV6NHOHWWVWDQGQXUZHQLJH6FKULWWHYRULKU XQGKREODQJVDPGLH+lQGH ª1HLQ ELWWH QLFKW© NHXFKWH GLH )UDX XQG VWDUUWH DXI GLH +lQGH 9HUEOIIWUXQ]HOWHVLHGLH6WLUQ6LHVDKJDQ]QRUPDOH+lQGH HLQHV GXQNHOKDDULJHQ 0DQQHV DXI GHVVHQ +DQGUFNHQ GLFKWH +DDUHZXFKVHQ ,KU%OLFN]XFNWHQDFKREHQ6LHZLVFKWHVLFKEHUGLH$XJHQ DOVVLHGDVIUDJHQGH*HVLFKWGHV0DQQHVHUEOLFNWH(VZDUHLQHU GHU LWDOLHQLVFKHQ RGHU VSDQLVFKHQ $XVKLOIVNHOOQHU GLH VLH HQJDJLHUWKDWWH :LHVR KDWWH VLH IU HLQLJH 6HNXQGHQ JHJODXEW HLQ 7RWHQJH ULSSH ]X VHKHQ" :DU VLH VR EHUDUEHLWHW GD VLH XQWHU +DOOX]LQDWLRQHQOLWW" ª-D ZDVNDQQLFKWXQ"©IUDJWHGHU .HOOQHUPLWHLQHP KDUWHQ $N]HQWXQGEOLFNWHHUZDUWXQJVYROOVHLQH&KHILQDQ (UVWMHW]WK|UWH0UV+DOOLQJIRUGGDV.OLQJHOQGHV7HOHIRQVDQ GHU 5H]HSWLRQ 6LH ZLQNWH GHP .HOOQHU ]X VHLQH ELVKHULJH $UEHLW ZHLWHU]XPDFKHQ XQG EHHLOWH VLFK DQV 7HOHIRQ ]X JHODQJHQ 0LW JHVFKlIWVPlLJHU )UHXQGOLFKNHLW QDKP VLH GLH =LPPHU EHVWHOOXQJIU5LFN0DVWHUV0UV+D]HO.HQWXQGGDV(KHSDDU 3HQQLQJDXV6LGQH\LQ(PSIDQJXQGEHVWlWLJWHVLH ª6LH ZHUGHQ VLFK EHL XQV ZRKO IKOHQ 0U 0DVWHUV© YHUVLFKHUWHGLH0DQDJHULQGHV+RWHOVJDQ]DXWRPDWLVFK'DEHL VFKZHLIWHQ LKUH *HGDQNHQ ]X GHU XQKHLPOLFKHQ (UVFKHLQXQJ DE
(VZDUGRFKDOOHVQXU(LQELOGXQJJHZHVHQRGHU"
'LH PHLVWHQ *lVWH GHU (U|IIQXQJ ZDUHQ QRFK DP VHOEHQ $EHQGRGHUDPQlFKVWHQ0RUJHQDEJHIDKUHQVRGDGDV+DXV LP 0RPHQW ]X GUHL 9LHUWHOQ OHHU VWDQG 'DV VROOWH VLFK LQQHUKDOEGHUQlFKVWHQ7DJHVFKODJDUWLJlQGHUQ(VKDWWHQVLFK ]DKOUHLFKH3HUVRQHQDQJHVDJW 'LH 9RUEHVWHOOXQJHQ PDFKWHQ HQRUP YLHO $UEHLW GLH 0UV +DOOLQJIRUG JDQ] DOOHLQ HUOHGLJWH (V ZDU GDKHU NHLQ :XQGHU ZHQQ LKUH 1HUYHQ QLFKW PHKU GLH EHVWHQ ZDUHQ $EHU GD VLH DQVWHOOHHLQHVQRUPDODXVVHKHQGHQ0HQVFKHQHLQ7RWHQJHULSSH HUEOLFNW KDWWH HUVFKLHQ LKU GRFK LPPHU XQZDKUVFKHLQOLFKHU MH OlQJHUVLHGDUEHUQDFKGDFKWH 6FKOLHOLFK OLH HV GHU 0DQDJHULQ NHLQH 5XKH PHKU 6LH EHUJDE LKUHQ 3ODW] KLQWHU GHU 5H]HSWLRQ GHP 1DFKWSI|UWQHU XQGVFKREGLH6FKUHLEDUEHLWHQDXIVSlWHUDXI 'HQ LWDOLHQLVFKHQ .HOOQHU IDQG VLH LP 6SHLVHVDDO (U UlXPWH GLH7LVFKHDEXQGVRUJWHGDIUGDDXFKDOOH.OHLQLJNHLWHQDXI GHQ 6HUYLHUZDJHQ VWDQGHQ 0LW GHP HLJHQWOLFKHQ 6HUYLHUHQ KDWWHHUQLFKWV]XWXQ8QDXIIlOOLJDUEHLWHWHHULP+LQWHUJUXQG ZlKUHQG GLH XQJHIlKU ]ZHL 'XW]HQG *lVWH LKU 'LQQHU EHHQGHWHQ $XIGHQ7LVFKHQIODFNHUWHQ.HU]HQGLHHOHNWULVFKHQ/DPSHQ ZDUHQ LP 6SHLVHVDDO VRZHLW JHGlPSIW GD PDQ JHUDGH JHQXJ HUNHQQHQ NRQQWH XP QLFKW ]X VWROSHUQ 'DV HUJDE HLQH IDVW XQZLUNOLFKH $WPRVSKlUH GLH YRQ GHQ *lVWHQ EHVRQGHUV JHVFKlW]WZXUGH :HQLJHUYRQ0UV+DOOLQJIRUG)U|VWHOQGYHUVFKUlQNWHVLHGLH $UPH YRU LKUHP .|USHU XQG OLH GHQ .HOOQHU NHLQH 6HNXQGH DXV GHQ $XJHQ 6LH KlWWH JHVFKZRUHQ GD VLH HLQ 6NHOHWW JHVHKHQKDWWHXQGGRFKZDUHVJDQ]XQP|JOLFK 1DFK HLQHU :HLOH ZDQGWH VLFK GLH +RWHOPDQDJHULQ DE XQG
ZROOWH GHQ 6SHLVHVDDO YHUODVVHQ DOV VLH GXUFK GLH +DOOH HLQHQ 0DQQJHKHQVDKEHLGHVVHQ$QEOLFNHVVLHHLVNDOWEHUOLHI (V ZDU GHU LWDOLHQLVFKH .HOOQHU GHU GULQQHQ LP 6SHLVHVDDO DUEHLWHWH6LHVDKLKQJOHLFK]HLWLJDQ]ZHL2UWHQ )UHLQHQ0RPHQWGDFKWHVLH DQ =ZLOOLQJH(VZDUP|JOLFK GD VLFK HLQHU DOV .HOOQHU KDWWH DQVWHOOHQ ODVVHQ 'HU ]ZHLWH NRQQWH VLFK MHGHU]HLW LQ GHU 0DVNH VHLQHV %UXGHUV IUHL LP 6FKOREHZHJHQRKQHGDMHPDQG9HUGDFKWVFK|SIWH 0UV+DOOLQJIRUGYHUPXWHWHHLQ9HUEUHFKHQHLQH'LHEHVEDQ GH GLH VLFK DXI GLH +RWHOJlVWH VSH]LDOLVLHUW KDWWH 'HP ZROOWH VLH ]XYRUNRPPHQ .XU] HQWVFKORVVHQ KHIWHWH VLH VLFK DQ GLH )HUVHQGHV]ZHLWHQVRXQYHUPXWHWDXIJHWDXFKWHQ.HOOQHUV (UVDKVLFKNHLQHLQ]LJHV0DOXPZlKUHQGHUEHUGLHJURH )UHLWUHSSH KLQDXI LQ GHQ ]ZHLWHQ 6WRFN VWLHJ 'LH 0DQDJHULQ IROJWHLKPZLHHLQ6FKDWWHQ ,P GULWWHQ 6WRFN ODJHQ XQDXVJHEDXWH =LPPHU 1RFK KDWWH PDQ GDV +RWHO QLFKW VR ZHLW DXVJHGHKQW XQG QXU GLH EHLGHQ XQWHUHQ (WDJHQ UHQRYLHUW 9HUPXWOLFK ODJ KLHU REHQ GDV 9HUVWHFNGHVIDOVFKHQ.HOOQHUV 0UV +DOOLQJIRUG NDQQWH NHLQH $QJVW 6LH EHVFKOR GHQ 0DQQ VRIRUW ]X VWHOOHQ VREDOG HU HLQHV GHU =LPPHU EHWUDW 'RFKGD]XNDPHVQLFKW 'HU.HOOQHU JLQJODQJVDPHUVHLQH6FKULWWHZXUGHQXQVLFKHU 0LW XQJOlXELJHP (QWVHW]HQ VWDUUWH 0UV +DOOLQJIRUG DXI GLH KHUDEEDXPHOQGH +DQG GHV 0DQQHV 'DV )OHLVFK YHUVFKZDQG EODQNH.QRFKHQWUDWHQKHUYRU$OVVLHGHQ%OLFNKREVWDUUWHVLH NUHLGHEOHLFK LQ GHQ DXJHQORVHQ 7RWHQVFKlGHO GHQ VLH VFKRQ HLQPDO JHVHKHQ KDWWH 'LHVPDO ZDU GLH :DQGOXQJ YRU LKUHQ $XJHQYROO]RJHQZRUGHQ $XV HLQHP 0HQVFKHQ DXV )OHLVFK XQG %OXW ZDU HLQ 6NHOHWW JHZRUGHQ 0LW NXU]HQ XQUHJHOPlLJHQ 6FKULWWHQ QlKHUWH VLFK GDV *HULSSH HLQHU 7U VWLH VLH DXI XQG YHUVFKZDQG LQ GHP GDKLQWHUOLHJHQGHQ5DXP
:HQQ0UV+DOOLQJIRUGVLFKUHFKWHULQQHUWHKDWWHKLHUIUKHU GDV 3HUVRQDO JHZRKQW (V ZDUHQ HLQ]HOQH NOHLQH 5lXPH GLH QXUEHUHLQHQ=XJDQJYHUIJWHQ /LQGD +DOOLQJIRUG VWLH PXWLJ GLH 7U DXI XQG EHWUDW GDV =LPPHU'DV/LFKWLP5DXPIXQNWLRQLHUWH$OVVLHGHQ6FKDOWHU GUHKWH IODPPWH HLQH YRQ GHU 'HFNH KHUXQWHUKlQJHQGH QDFNWH *OKODPSHDXI 6LHULIDVVXQJVORVGLH$XJHQDXI,QGHP=LPPHUVWDQGQLFKW HLQ HLQ]LJHV 0|EHOVWFN (V JDE NHLQH *HOHJHQKHLWHQ VLFK ]X YHUVWHFNHQ 'XUFK GDV )HQVWHU NRQQWH QLHPDQG IOLHKHQ RKQH /lUP ]X PDFKHQ (V NOHPPWH XQG ZDU YRQ DXHQ GXUFK +RO]OlGHQJHVLFKHUW 8QG WURW]GHP ZDU GHU .HOOQHU GHU VLFK LQ HLQ 6NHOHWW YHUZDQGHOW KDWWH VSXUORV YHUVFKZXQGHQ 1LFKW HLQPDO LQ GHU GLFNHQ 6WDXEVFKLFKW GLH GHQ )XERGHQ EHGHFNWH ]HLFKQHWH VLFKHLQ)XDEGUXFNDE ,Q GLHVHP 0RPHQW EHJULII /LQGD +DOOLQJIRUG GD VLH VLFK QLFKWV HLQJHELOGHW KDWWH 6LH ZDU QHUYOLFK JDQ] LQ 2UGQXQJ DEHU DXI 3HQIRUG &DVWOH JLQJHQ 'LQJH YRU VLFK GLH PDQ PLW GHPQRUPDOHQ0HQVFKHQYHUVWDQGQLFKWYHUVWHKHQXQGHUNOlUHQ NRQQWH 6LHEUDXFKWHGULQJHQG+LOIH$OOHUGLQJVNRQQWHVLHVLFKQLFKW DQ GLH 3ROL]HL ZHQGHQ 'LH ZUGH VLH HLQIDFK DXVODFKHQ RGHU IUYHUUFNWKDOWHQ 'LH *lVWHOLVWH ILHO LKU ZLHGHU HLQ +DVWLJ VDK GLH 0DQDJHULQ QDFKXQGIDQGWDWVlFKOLFKGHQ1DPHQ5LFN0DVWHUV ª2E GDV GHU 3ULYDWGHWHNWLY LVW"© PXUPHOWH VLH JHVSDQQW XQG EHVFKOR0U0DVWHUV]XIUDJHQVREDOGHUHLQWUDI 9LHOOHLFKWZDUHUGHUULFKWLJH0DQQIUGLHVHQ)DOO
)UGLH)DKUWYRQ/RQGRQQDFK3HQIRUG&DVWOHEHQXW]WHQVLH +D]HO .HQWV 5ROOV 5R\FH GHQ VLH VHOEVW VWHXHUWH 5LFN VD
QHEHQ LKU ZlKUHQG VLFK GDV (KHSDDU 3HQQLQJ PLW GHQ 5FNVLW]HQEHJQJHQPXWH *HRUJH 3HQQLQJ HU]lKOWH YLHO XQG VSDQQHQG YRQ $XVWUDOLHQ LKUHU QHXHQ +HLPDW 6LH KDWWHQ GRUW )X JHIDW 5LFN ILHO DOOHUGLQJV DXI GD VLH QLH JHQDX VDJWHQ ZRPLW *HRUJH *HOG YHUGLHQWH 5LFNV9HWWHUZDUYLHUXQGGUHLLJVHLQH)UDXVLHEHQXQG]ZDQ ]LJ -DKUH DOW 6LH ZLUNWHQ EHLGH ]LHPOLFK ELHGHU XQEHKROIHQ XQG DXFK HLQ ZHQLJ VFKFKWHUQ (V GDXHUWH ODQJH ELV VLH DXV VLFKKHUDXVJLQJHQ6R KDWWH (OVD 3HQQLQJ ZlKUHQG GHU JDQ]HQ )DKUWVLFKQRFKNDXPJHlXHUWVRQGHUQKDWWHGDV5HGHQLKUHP 0DQQEHUODVVHQ 5LFN 0DVWHUV XQG +D]HO .HQW GDJHJHQ ZDUHQ JDQ] DQGHUV 5LFN 0DVWHUV HLQ EHNDQQWHU 3ULYDWGHWHNWLY DXV /RQGRQ KDWWH VLFK LQ GHQ YHUJDQJHQHQ -DKUHQ HLQHQ EHVRQGHUHQ 5XI HUZRUEHQXQG]ZDUZXWHQ(LQJHZHLKWHGDHU IUDOOH )lOOH ]XVWlQGLJ ZDU LQ GHQHQ EHUVLQQOLFKH 3KlQRPHQH DXIWUDWHQ 5lWVHOKDIWHV XQG 8QHUNOlUOLFKHV GDV GHU 3ROL]HL ]X VFKZLHULJ HUVFKLHQZDUVHLQH6SH]LDOLWlW (U DUEHLWHWH RIW PLW 6FRWODQG
6FKO|VVHUQ DXI EHUVLQQOLFKH 3KlQRPHQH JHVWRHQ ZDU +D]HO KRIIWHLPVWLOOHQGDGHU6HUYLFH JXWVHLQZUGHGDVLHGXUFK LKUHQ SHUIHNW IXQNWLRQLHUHQGHQ 6WDGWKDXVKDOW YHUZ|KQW ZDU (OVD XQG *HRUJH 3HQQLQJ JHQRVVHQ GLH 1lKH LKUHV EHUKPWHQ 9HUZDQGWHQ XQG IUHXWHQ VLFK DXI HLQLJH 7DJH LQ HLQHP GHU WUDGLWLRQVUHLFKHQ6FKO|VVHULKUHV0XWWHUODQGHV .HLQHUYRQLKQHQDKQWHZHOFKHV*UDXHQDXIVLH]XNDP
*HJHQ0RQWDJDEHQGQlKHUWHQVLHVLFK3HQIRUG&DVWOH.QDSS YLHUXQG]ZDQ]LJ 6WXQGHQ ZDU HV KHU GD GLH 0DQDJHULQ GHV 6FKORKRWHOV GDV 6NHOHWW JHVHKHQ KDWWH GDV VLFK LQ HLQHQ QRUPDOHQ0HQVFKHQYHUZDQGHOQNRQQWH 'DV+RWHOKDWWHVLFKLQ]ZLVFKHQPLW*lVWHQJHIOOW6LHVDHQ DXI GHU 7HUUDVVH XQG LQ GHU +DOOH VLH JLQJHQ ULQJV XP GDV +DXSWJHElXGH VSD]LHUHQ RGHU VSLHOWHQ *ROI (LQLJH YRQ LKQHQ ULWWHQ DQGHUH IKUWHQ LKUH +XQGH VSD]LHUHQ +D]HOV 5ROOV 5R\FH IDQG QXU ZHQLJ %HDFKWXQJ XQG ZDU DXFK QLFKW GHU HLQ]LJHDXIGHP3DUNSODW]GHV6FKORVVHV ª+LHU VFKHLQW MD HLQLJHV ORV ]X VHLQ© EHPHUNWH +D]HO .HQW XQG PXVWHUWH GLH 5HLKH GHU DEJHVWHOOWHQ :DJHQ ª+RIIHQWOLFK WUHIIHLFKNHLQH%HNDQQWHQ© *HRUJH XQG (OVD VFKZLHJHQ ZlKUHQG 5LFN VLH LQ GDV *lVWHEXFK HLQWUXJ XQG GLH 6FKOVVHO YRQ HLQHU )UDX XP GLH 9LHU]LJ HQWJHJHQQDKP 6LH VWHOOWH VLFK DOV /LQGD +DOOLQJIRUG 0DQDJHULQGHV+RWHOVYRU ª:HQQ6LHLUJHQGZHOFKH)UDJHQKDEHQZHQGHQ6LHVLFKVWHWV DQ PLFK© EDW 0UV +DOOLQJIRUG EHYRU VLFK LKUH QHXHQ *lVWH DXI GLH =LPPHU ]XUFN]RJHQ ª,FK EHPKH PLFK XP MHGHQ *DVW'LQQHUJLEWHVLQHLQHU6WXQGHXP]HKQ8KUDEHQGV© +D]HO .HQW YHUPHUNWH PLW HLQHP PLELOOLJHQGHQ %OLFN GD GLH +RWHOPDQDJHULQ VLFK DXIIDOOHQG IU 5LFN LQWHUHVVLHUWH (V SDWH +D]HO DXFK QLFKW GD 0UV +DOOLQJIRUG SHUV|QOLFK LKUH
*lVWH]XGHQ=LPPHUQEHJOHLWHWH $PVLHUWILQJ5LFNGHQHLIHUVFKWLJHQ%OLFNVHLQHU )UHXQGLQ DXI GLH VLFK HUVW EHUXKLJWH DOV VLFK GLH 0DQDJHULQ ]X UFNJH]RJHQKDWWH :HQQ HU ]XP 'LQQHU ]XUHFKWNRPPHQ ZROOWH PXWH HU VLFK EHHLOHQ 5LFN JLQJ DOV HUVWHV LQ VHLQ %DGH]LPPHU XP VLFK ]X UDVLHUHQ (UKDWWH NDXP GHQ $SSDUDW DXVJHSDFNW DOV HV DQ GHU 7UNORSIWH (U GDFKWH GD LKQ +D]HO EHVXFKHQ ZROOWH GRFK ]X VHLQHU 9HUEOIIXQJWUDWGLH0DQDJHULQHLQ ª,FK KDEH 6LH QDFK )RWRV LQ GHQ =HLWXQJHQ HUNDQQW 0U 0DVWHUV©'LH+RWHOPDQDJHULQZROOWHQLFKWVRUHFKWKHUDXVPLW GHU 6SUDFKH ª,FK KDEH QlPOLFK 3UREOHPH EHL GHQHQ 6LH PLU KHOIHQN|QQWHQ© =XHUVWZDU5LFNZWHQGGDUEHUGDHUHUNDQQWZRUGHQZDU (U KDWH QLFKWV PHKU DOV LP 8UODXE DUEHLWHQ ]X PVVHQ ZHLO LKQ MHPDQG XP HLQHQ *HIDOOHQ EDW +lWWH HU DOOH :QVFKH HUIOOWZlUHHUQLHGD]XJHNRPPHQ8UODXE]XPDFKHQ 'RFK GHU )DOO GHQ LKP 0UV +DOOLQJIRUG VFKLOGHUWH LQWHUHVVLHUWHLKQVHKUEDOG (U OLH VLFK DOOHV JDQ] JHQDX EHVFKUHLEHQ XQG DFKWHWH DXI MHGHV :RUW PDFKWH VLFK DEHU NHLQH 1RWL]HQ 0UV +DOOLQJIRUG VSUDFKLKQGDUDXIDQ ª,FKVFKUHLEHPLUQLHHWZDVDXI©DQWZRUWHWHGHU3ULYDWGHWHN WLY GDUDXIKLQ ª'LH ZLFKWLJVWHQ 'LQJH PHUNH LFK PLU ,FK ZLOO QLFKW GD MHPDQG LQ PHLQHQ 8QWHUODJHQ KHUXPVFKQIIHOQ NDQQ $OVR JXW LFK ZHUGH PLFK XP GLHVHQ )DOO NPPHUQ 9LHOOHLFKWVWHFNWZLUNOLFKHWZDVGDKLQWHU© ª0U0DVWHUVLFKKDEHPLFKJDQ]EHVWLPPWQLFKWJHLUUW©'LH +RWHOPDQDJHULQ VFKOXJ HLQHQ IOHKHQGHQ 7RQ DQ ª,FK KDEH ]ZHLPDOGLHVH VFKDXHUOLFKH 8PZDQGOXQJ YRQ HLQHP OHEHQGHQ 0HQVFKHQ LQ HLQ 6NHOHWW XQG XPJHNHKUW HUOHEW ,FK ZHL ZRYRQLFKVSUHFKH© ª1D VFK|Q© JDE 5LFN 0DVWHUV ]X ª1HKPHQ ZLU HLQPDO DQ
GD DOOHV VR VWLPPW ZLH 6LH HV PLU JHVFKLOGHUW KDEHQ 'DQQ HUNOlUHQ6LHPLUZHVKDOE6LHQLFKW]XU3ROL]HLJHJDQJHQVLQG" 'DVZlUHGRFKGDVQDKHOLHJHQGVWHJHZHVHQ© 'LH +RWHOPDQDJHULQ ]XFNWH GLH 6FKXOWHUQ ª'DPLW LFK DXVJHODFKWZHUGH"©6LHVFKWWHOWHKHIWLJGHQ .RSI ª1HLQGDV NRPPW JDU QLFKW LQ )UDJH ,FK KDEH NHLQHUOHL %HZHLVH 'LH 3ROL]HLPWHPLUJODXEHQDEHUGDVWXWVLHEHVWLPPWQLFKW6LH VLQG PHLQH HLQ]LJH +RIIQXQJ 0U 0DVWHUV :HQQ 6LH QLFKW KHUDXVILQGHQ ZLHVR VLFK GHU .HOOQHU ]ZHLPDO YHUZDQGHOW KDW GDQQNDQQHVQLHPDQG© 5LFN ZDU HV JDU QLFKW UHFKW GD GLH 0DQDJHULQ VR JURH +RIIQXQJHQ LQ LKQ VHW]WH 9LHOOHLFKW PXWH HU VLH HQWWlXVFKHQ ZHLOHULQGLHVHP)DOONHLQH/|VXQJIDQG" ª,FKZHUGHWXQZDVLFK NDQQ© PXUPHOWH HU ª:HQQ ZLU LP 6SHLVHVDDOVLQGGDQQ]HLJHQ6LHPLUGHQ0DQQ,FKZHUGHLKQ PLUJHQDXHUDQVHKHQ© /LQGD +DOOLQJIRUG EHGDQNWH VLFK EHL GHP 3ULYDWGHWHNWLY XQG NHKUWHLQGLH+DOOH]XUFN 5LFN0DVWHUVEHHLOWHVLFKPLWGHP8P]LHKHQ'HU $XIHQWKDOW DXI 3HQIRUG &DVWOH KDWWH HLQH EHUUDVFKHQGH :HQGXQJ JHQRPPHQ 5LFN JODXEWH EHUHLWV ]X ZLVVHQ ZRUXP HV JLQJ DEHUHUWLSSWHIDOVFK'LH:LUNOLFKNHLWEHUWUDIVHLQH3KDQWDVLH EHLZHLWHP
9RUOlXILJ YHU]LFKWHWH 5LFN 0DVWHUV GDUDXI VHLQH %HJOHLWHU HLQ]XZHLKHQ (U EHKLHOW QXU GHQ .HOOQHU LP $XJH GHQ LKP 0LVV +DOOLQJIRUG YRQ )HUQH ]HLJWH XQG IDQG QLFKWV $XHUJH Z|KQOLFKHVDQGHP0DQQ 1DFKGHP(VVHQILVFKWH+D]HO.HQWHLQH 5RVH DXV GHU 9DVH DXI GHP 7LVFK URFK GDUDQ XQG IXQNHOWH 5LFN EHU GLH %OXPH KLQZHJ NDPSIOXVWLJ DQ ª6R XQG MHW]W N|QQWHQ ZLU HLQPDO PLWHLQDQGHU RIIHQ UHGHQ :DV KDW GLHVH 0UV +DOOLQJIRUG LQ
GHLQHP=LPPHUJHVXFKW"© ª'X ELVW GRFK QLFKW HLIHUVFKWLJ"© 5LFN ]ZLQNHUWH VHLQHQ 9HUZDQGWHQ ]X ª+D]HO ELOGHW VLFK QlPOLFK HWZDV GDUDXI HLQ GDVLHQLFKWHLIHUVFKWLJLVW© ª-HGHU0HQVFKLVWHV©EHKDXSWHWH*HRUJH ª,FKELQHVDXFK©JDE(OVD]X ª8QGZlUH0UV+DOOLQJIRUG LQGHLQ=LPPHUJHJDQJHQ*HRUJHGDQQ«© 6LHEHUOLHHVGHU3KDQWDVLHLKUHV0DQQHVVLFKDXV]XPDOHQ ZDVLQGLHVHP)DOOJHVFKHKHQZlUH 5LFNHU]lKOWHZDVHUYRQGHU+RWHOPDQDJHULQHUIDKUHQKDEH XQG ULHI GDPLW EHL *HRUJH XQG (OVD XQJOlXELJH *HVLFKWHU KHUYRU6LHNRQQWHQVLFKQLFKWYRUVWHOOHQGDVLFKGDVZLUNOLFK HUHLJQHWKDEHQVROOWH ª$EZDUWHQ©VDJWH5LFNª,FKZHUGHHVEDOGKHUDXVILQGHQ© ª'DQQ EHUQLPPVW GX GLHVHQ )DOO"© +D]HO .HQWV 6WLPPH ZXUGHNKOXQGVFKDUIª:lKUHQGZLU8UODXEPDFKHQQLPPVW GX HLQHQ QHXHQ )DOO DQ ,FK KDEH VFKRQ LQ /RQGRQ ZHJHQ GHLQHV%HUXIVVHKUZHQLJYRQGLU'DSURWHVWLHUHLFKDXFKQLFKW PHKU ZHLO LFK HLQJHVHKHQ KDEH GD GX HLQHQ %HUXI KDEHQ PXW GHU GLFK VWlQGLJ IRUGHUW $EHU LP 8UODXE :LU VLQG KHUJHNRPPHQXPHLQSDDUVFK|QH7DJHDXI3HQIRUG&DVWOH]X YHUEULQJHQ DEHU QLFKW GDPLW GX VFKRQ ZLHGHU HLQPDO GLH $XIJDEHQ GHU 3ROL]HL EHUQLPPVW :HQQ GLHVH 0UV +DOOLQJ IRUG 6FKZLHULJNHLWHQ PLW GHP 3HUVRQDO KDW VROO VLH VLFK GRFK DQGLH3ROL]HLZHQGHQ'D]XLVWVLHMDGD© 5LFN YHUVXFKWH GLH )UHXQGLQ ]X EHUXKLJHQ ª,FK KDEH QRFK JDU QLFKW ]XJHVDJW VRQGHUQ QXU YHUVSURFKHQ GD LFK PLU GLHVHQ .HOOQHU DQVHKHQ ZHUGH 6FKOLHOLFK LVW HV DXFK LQ XQVHUHP ,QWHUHVVH 9LHOOHLFKW NDQQ LFK HLQ 9HUEUHFKHQ YHU KLQGHUQ GDV XQV VRQVW XQVHUHQ $XIHQWKDOW YHUGHUEHQ ZUGH +D]HOLFKKDOWHQXUGLH$XJHQRIIHQPHKUQLFKW© 2EZRKOVLHVHKU JHQDXZXWHGD5LFNVLFKQLFKWDQ GLHVHV 9HUVSUHFKHQ KDOWHQ ZUGH VREDOG HV HUQVW ZXUGH PDFKWH VLH JXWH 0LHQH ]XP E|VHQ 6SLHO XQG HUKRE NHLQHQ ZHLWHUHQ
(LQVSUXFK GDJHJHQ GD VLFK LKU )UHXQG PLW GHP QHXHQ )DOO EHVFKlIWLJWH 'LH8QWHUKDOWXQJDQLKUHP7LVFKGUHKWHVLFKIRUWDQQXUPHKU XP *HLVWHU 6SXNVFKO|VVHU XQG EHUVLQQOLFKH 3KlQRPHQH *HRUJH XQG (OVD NRQQWHQ JDU QLFKW JHQXJ GDYRQ K|UHQ XQG 5LFN KDWWH LQ VHLQHU /DXIEDKQ DOV 3ULYDWGHWHNWLY IU GLHVH VSH]LHOOHQ )lOOH VR YLHO HUOHEW GD HU RKQH 3DXVH HU]lKOHQ NRQQWH 'HU .HOOQHU DUEHLWHWH LQ]ZLVFKHQ XQDXIIlOOLJ LP 6SHLVHVDDO XQG ZXUGH HEHQVR XQDXIIlOOLJ YRQ 5LFN 0DVWHUV EHREDFKWHW 3O|W]OLFK JDE VLFK GHU 3ULYDWGHWHNWLY HLQHQ 5XFN XQG HUKRE VLFK ª0UV +DOOLQJIRUG KDW HWZDV YRQ HLQHP 'RSSHOJlQJHU GHV .HOOQHUV HU]lKOW© (U GHXWHWH XQEHPHUNW YRQ GHQ DQGHUHQ *lVWHQ DXI HLQH 7U LP +LQWHUJUXQG GHV 6SHLVHVDDOV ª,FK JODXEHGDVLVWPHLQ0DQQ© ,Q GHU 7U GLH QXU YRP 3HUVRQDO EHQW]W ZXUGH VWDQG IU ZHQLJH6HNXQGHQHLQ0DQQGHUGHP.HOOQHU DXIV+DDU JOLFK $OV HU VLFK ZLHGHU ]XUFN]RJ OLHI 5LFN EHUHLWV GXUFK GHQ 6SHLVHVDDO (U ZROOWH QLFKW GLH 6SXU YHUOLHUHQ ZLH 0UV +DOOLQJIRUG 'DV 5lWVHO GLHVHU XQJODXEOLFKHQ bKQOLFKNHLW PXWH HU O|VHQ 'HU .HOOQHU XQG VHLQ 'RSSHOJlQJHU VDKHQ HLQDQGHU VR lKQOLFK GD PDQ VLH QLFKW DXVHLQDQGHUKDOWHQ NRQQWH 'DIU NRQQWH HV YLHOH *UQGH JHEHQ *UQGH GLH QLFKWV PLW *HLVWHUQ6FKZDU]HU0DJLHXQGhEHUVLQQOLFKHP]XWXQKDWWHQ 5LFN 0DVWHUV JDE VLFK VHOEVW GDV 9HUVSUHFKHQ GD HU VLFK VRIRUW ]XUFN]LHKHQ ZUGH ZHQQ HV VLFK XP HLQHQ UHLQHQ .ULPLQDOIDOOKDQGHOWH'DQQVROOWHVLFKGLH3ROL]HLXPGLH$XI NOlUXQJ EHPKHQ *HK|UWH GHU )DOO MHGRFK ]X VHLQHP 6SH]LDOJHELHW]XGHQEHUVLQQOLFKHQ3KlQRPHQHQOLHHUVLFK GXUFKQLHPDQGHQ]XUFNKDOWHQDXFKQLFKWGXUFK+D]HO.HQW 'HU 'RSSHOJlQJHU GHV .HOOQHUV OLHI LQ GHQ GULWWHQ 6WRFN KLQDXI:LHHLQ6FKDWWHQEOLHELKP5LFN0DVWHUVDXIGHQ)HU
VHQXQGYHUORULKQNHLQH6HNXQGHDXVGHQ$XJHQ 'HU0DQQGUHKWHVLFKQLFKWXPDOVZUGHHUVLFKYROOVWlQGLJ VLFKHUIKOHQRGHUDOVZlUHHVLKPJOHLFKJOWLJRELKQMHPDQG EHREDFKWHWHRGHUQLFKW 'LFKW KLQWHUHLQDQGHU VFKULWWHQ GLH EHLGHQ 0lQQHU EHU GHQ VSlUOLFK HUOHXFKWHWHQ .RUULGRU DOV VLFK GHU 'RSSHOJlQJHU DXI HLQPDO VFKDUIQDFK UHFKWV ZDQGWH XQG HLQHQ 5DXP EHWUDW 'LH 7UILHOKLQWHULKP]X (KH GHU 'RSSHOJlQJHU YRQ LQQHQ DEVFKOLHHQ NRQQWH ZDUI VLFK5LFN0DVWHUVJHJHQGLH7U6LHIORJDXIHUWRUNHOWHLQGDV =LPPHUKLQHLQXQGVFKDOWHWHEOLW]DUWLJGDV/LFKWHLQ 'HU 5DXP ZDU XQEHZRKQW $XHU GHQ ZLFKWLJVWHQ 0|EHO VWFNHQ EHIDQG VLFK QLFKWV KLHU ZDV HLQHQ $XIHQWKDOW DQJH QHKPHU PDFKWH 5LFN JODXEWH QLFKW GD HU GDV 9HUVWHFN GHV 'RSSHOJlQJHUVJHIXQGHQKDWWH,QGLHVHU8PJHEXQJNRQQWHHV QLHPDQGOlQJHUDXVKDOWHQ (U ZDQGWH VLFK GHP 'RSSHOJlQJHU ]X XQG KDWWH EHUHLWV HLQH )UDJHDXIGHU=XQJHDOVVHLQ%OLFNLQGDV*HVLFKWGHV0DQQHV ILHO5LFNV$XJHQYHUHQJWHQVLFK]XVFKPDOHQ6FKOLW]HQ(UWUDW HUVFKURFNHQHLQHQ6FKULWW]XUFN 'LH+DXWGHV0DQQHVVSDQQWHVLFKEHUGHQ %DFNHQNQRFKHQ ELV ]XP =HUUHLHQ 'LH $XJHQ VDQNHQ WLHI LQ GHQ +|KOHQ HLQ 6HLQH /LSSHQ ZXUGHQ IDOWLJ XQG ]RJHQ VLFK YRQ GHQ =lKQHQ ]XUFN'LH+DXWDQ+DOVXQG+lQGHQYHUWURFNQHWH]XVHKHQGV 5LFN0DVWHUVZDUXQIlKLJVLFKYRQGHU6WHOOH]XUKUHQ9RU VHLQHQ$XJHQYHUZDQGHOWHVLFKGHU0DQQ]XHUVWLQHLQH0XPLH XQG GDQQ LQ HLQ 6NHOHWW DOV DXFK QRFK GLH YHUWURFNQHWH +DXW VFKZDQG =XOHW]W VWDQG HU HLQHP PHQVFKOLFKHQ *HULSSH JHJHQEHUDQGHPGLH.OHLGXQJGHV.HOOQHUVVFKORWWHUWH 1RFK HKH GHU 3ULYDWGHWHNWLY LUJHQG HWZDV XQWHUQHKPHQ NRQQWHEHJDQQHQVLFKGLH8PULVVHGHV6NHOHWWVDXI]XO|VHQ'LH .RQWXUHQ YHUVFKZDPPHQ DOV ZUGHQ VLH LQ 1HEHO HLQJHKOOW 'DV JUDXVLJH %LOG IOLPPHUWH XQG IODFNHUWH GD 5LFN 0DVWHUV VFKPHU]OLFK GLH $XJHQ VFKOLHHQ PXWH $OV HU VLH ZLHGHU
|IIQHWHZDUGDV=LPPHUOHHU 1LFKW HLQPDO GLH .OHLGHU ZDUHQ YRQ GHU XQKHLPOLFKHQ (UVFKHLQXQJ ]XUFNJHEOLHEHQ +lWWH 5LFN QLFKW DOOHV PLW HL JHQHQ$XJHQJHVHKHQHUZUGHHVQLFKWJODXEHQ(UZDU=HXJH HLQHV EHUVLQQOLFKHQ 9RUJDQJHV JHZRUGHQ IU GHQ HV QRFK NHLQH(UNOlUXQJJDE (LQH EHUVLQQOLFKH 0DFKW KDWWH YHUVXFKW HLQHQ %HZRKQHU GLHVHV 6FKORVVHV ]X NRSLHUHQ KDWWH VLFK MHGRFK QDFK NXU]HU =HLW VFKRQ ZLHGHU DXIJHO|VW XQG ZDU LQV 1LFKWV LQV -HQVHLWV ]XUFNJHNHKUW 'DV 0RWLY ZDU JHQDXVR XQEHNDQQW XQG UlWVHOKDIWZLHGLHEHUVLQQOLFKH.UDIWVHOEVW ,Q GLHVHP 0RPHQW VWDQG 5LFNV (QWVFKOX IHVW 'LHVHQ )DOO ZUGH HU XP MHGHQ 3UHLV DXINOlUHQ (U PXWH XQEHGLQJW KHUDXVILQGHQ ZDV KLHU YRU VLFK JLQJ *DQ] VLFKHU ZDU HU NHLQHP JHZ|KQOLFKHQ 9HUEUHFKHQ DXI GHU 6SXU VRQGHUQ KDWWH HVPLWHLQHPVHLQHU6SH]LDOIlOOH]XWXQ 9RQMHW]WDQZROOWHHUQLFKWPHKUORFNHUODVVHQELVHUGHQ)DOO JHNOlUW KDWWH 9RQ HLQHP VROFKHQ 9RUVDW] ZDU 5LFN 0DVWHUV GXUFKQLFKWVXQGQLHPDQGHQPHKUDE]XEULQJHQ
%HYRU5LFN0DVWHUVDQGHQ7LVFKLP6SHLVHVDDO]XUFNNHKUWH ]RJ HU GHQ LWDOLHQLVFKHQ .HOOQHU EHLVHLWH GHVVHQ 6SLHJHOELOG VLFK VRHEHQ YRU VHLQHQ $XJHQ DXIJHO|VW KDWWH 5LFN EHIUDJWH GHQ0DQQQDFKVHLQHQ9HUZDQGWHQXQGHUIXKUGDGHU.HOOQHU JDQ] DOOHLQ OHEWH XQG DXFK NHLQHQ %UXGHU KDWWH 9RQ HLQHP =ZLOOLQJVEUXGHU ZROOWH HU EHUKDXSW QLFKWV ZLVVHQ 'DV NODQJ VRHKUOLFKGD5LFNLKPJODXEWH+|FKVWZDKUVFKHLQOLFKZXWH GHU0DQQJDUQLFKWGDHUNRSLHUWZRUGHQZDU 5LFNVSUDFKQLFKWEHUVHLQH%HREDFKWXQJHQVRQGHUQHUNOlUWH GHP .HOOQHU HU PVVH VLFK LP $XIWUDJ GHU +RWHOPDQDJHULQ XQWHU GHP 3HUVRQDO XPVHKHQ (U ZROOWH QLFKW GD LUJHQG MHPDQG DXHU GHQ XQPLWWHOEDU %HWHLOLJWHQ ZXWH ZHOFKHU
6DFKHHUQDFKVSUWH +D]HO .HQW HPSILQJ LKQ PLW KRFKJH]RJHQHQ $XJHQEUDXHQ DOV HU HQGOLFK ZLHGHU DQ LKUHQ 7LVFK NDP ª1HWW GD GX GLFK DXFKHLQPDOEHLXQVVHKHQOlW©EHPHUNWHVLHVSLW]ª:LOOVWGX XQV ZLUNOLFK ZLHGHU *HVHOOVFKDIW OHLVWHQ RGHU ELVW GX QXU DXI GHU'XUFKUHLVH"© ª,FK KDEH GHQ 'RSSHOJlQJHU YHUIROJW© ZDUI 5LFN HLQ XQG KRIIWHGDLKUHVFKOHFKWH/DXQHQLFKWODQJHDQKDOWHQZUGH ª6HLHQ6LHQLFKWVRKDUWPLWLKP0UV.HQW©QDKPLKQVHLQ 9HWWHULQ6FKXW]ª(VLVWGRFK5LFNV%HUXI© ª$FK MHW]W HUJUHLIHQ 6LH DXFK QRFK VHLQH 3DUWHL 0U 3HQQLQJ"© +D]HO OlFKHOWH PDWW XQG SURVWHWH 5LFN PLW LKUHP 5RWZHLQJODV ]X ª$EHU DQ PHLQHU 6WHOOH 0U 3HQQLQJ KlWWHQ 6LH VFKRQ OlQJVW .UDFK JHVFKODJHQ 'DV VROO QXQ HLQ 8UODXE VHLQ© ª'HU'RSSHOJlQJHUGHV.HOOQHUVKDWVLFK]XHUVWLQHLQ6NHOHWW YHUZDQGHOWXQGGDQDFKLQ1LFKWVDXIJHO|VW©5LFNVSUDFKOHLVH GDPLWLKQQLHPDQGDQGHQ1HEHQWLVFKHQYHUVWHKHQNRQQWH0UV +DOOLQJIRUG GLH 0DQDJHULQ VWDQG LQ GHU 1lKH GHU 7U XQG EHREDFKWHWHLKQNDPMHGRFKQLFKWDQVHLQHQ7LVFK ª,FK ELQ EHU]HXJW© IXKU 5LFN IRUW ªGD LQ GLHVHP 6FKOR HWZDVYRUVLFKJHKWHWZDV*URHV,FKKDEHDOOHUGLQJVQLFKWGLH JHULQJVWH $KQXQJ ZRUXP HV VLFK GDEHL GUHKW XQG JHJHQ ZHQ HVVLFKULFKWHW$EHUZLUPVVHQVHKUYRUVLFKWLJVHLQ© 6HLQH DXVWUDOLVFKHQ )UHXQGH EOLFNWHQ LKQ UDWORV DQ ª:DV VROOHQZLUPDFKHQ"©HUNXQGLJWHVLFK*HRUJHª(VLVWGDVHUVWH PDOGDZLULQHLQHQVROFKHQ)DOOYHUZLFNHOWZHUGHQ© ª5LFN GX PXW XQV VFKRQ HU]lKOHQ ZDV ZLU WXQ VROOHQ© YHUODQJWHDXFK(OVDª5HFKQHVWGXPLWHLQHPhEHUIDOORGHUPLW 'LHEHQ"© 5LFNXQG+D]HO.HQWZHFKVHOWHQHLQHQ ZLVVHQGHQ%OLFN6LH EHLGH KDWWHQ VFKRQ PHKUPDOV PLW hEHUVLQQOLFKHP .RQWDNW JHKDEWXQGZXWHQGDKHUZDVLKQHQEHYRUVWDQG ª%OHLEW DP EHVWHQ VWHWV DOOH EHLVDPPHQ© ULHW 5LFN ª8QG
ULFKWHWHXFKQDFK+D]HO6LHZHL%HVFKHLG© ª6ROOGDVKHLHQGD6LHDXFKEHLXQVVFKODIHQZHUGHQ0UV .HQW"© IUDJWH *HRUJH 3HQQLQJ JULQVHQG XQG HUKLHOW GDIU YRQ VHLQHU)UDXXQWHUGHP7LVFKHLQHQ7ULWWJHJHQGDV6FKLHQEHLQ ª'DVQLFKWJHUDGH©DQWZRUWHWH+D]HOPLWHLQHPXQGXUFKVLFKWL JHQ/lFKHOQª$EHU6LHEHLGHVROOWHQ,KU=LPPHUZlKUHQGGHU 'XQNHOKHLW QLFKW YHUODVVHQ 8QG ODVVHQ 6LH QLHPDQGHQ HLQWUHWHQDXFKXQVEHLGHQLFKWZHQQZLUQLFKWHLQEHVWLPPWHV .HQQZRUWQHQQHQ© ª:DUXPGHQQGDV"©IUDJWH(OVDYHUEOIIW $XFK 5LFN 0DVWHUV ZXWH QLFKW ZDV VHLQH )UHXQGLQ GDPLW EH]ZHFNWH ª'DV PXW GX PLU VFKRQ JHQDXHU HUNOlUHQ© YHUODQJWHHUYRQ+D]HOª:DVKDWHVPLWGLHVHP.HQQZRUWDXI VLFK"© ª'X KDVW HLQH .RSLH GHV .HOOQHUV JHVHKHQ© +D]HO OLH LKUH $XJHQ GXUFK GHQ 6SHLVHVDDO JOHLWHQ LQ GHP VLFK QXU PHKU ZHQLJH 0HQVFKHQ DXIKLHOWHQ ª:HU JDUDQWLHUW XQV GD QLFKW DQGHUH.RSLHQDXIWDXFKHQZHUGHQ".RSLHQGHU0DQDJHULQGHV EULJHQ3HUVRQDOVRGHUGHU*lVWH"9LHOOHLFKWDXFK.RSLHQYRQ XQV"© -HW]WHQGOLFKYHUVWDQG5LFNZRYRQ VLH VSUDFK ª$XVWUDOLHQ© VFKOXJ HU YRU ª1HKPHQ ZLU $XVWUDOLHQ DOV .HQQZRUW :HQQ ZLU HLQDQGHU WUHIIHQ YHUODQJHQ ZLU YRQ GHP DQGHUHQ ]XU (UNHQQXQJ GDV 6WLFKZRUW $XVWUDOLHQ 8QG GDPLW DXFK GHU DQGHUH VLFKHU LVW GD HU HV QLFKW PLW HLQHU .RSLH ]X WXQ KDW DQWZRUWHWPDQPLW6LGQH\$OOHHLQYHUVWDQGHQ"© 6LHZDUHQHLQYHUVWDQGHQXQGWUHQQWHQVLFKEDOGGDQDFK *HRUJHXQG(OVDVFKLHQHQELVKHUDOOHVDOVHLQH$UWXQWHUKDOW VDPHV *HVHOOVFKDIWVVSLHO ]X EHWUDFKWHQ XQG GXUFKDXV QLFKW EHJULIIHQ ]X KDEHQ ZLH HUQVW HV XQWHU 8PVWlQGHQ ZHUGHQ NRQQWH .LFKHUQG XQG ODFKHQG ]RJHQ VLH VLFK LQ LKUH NOHLQH 6XLWH ]XUFN ZlKUHQG +D]HO VLFK PLW HLQHP VFKZDFKHQ /lFKHOQYRQ5LFNYHUDEVFKLHGHWH ª6HL YRUVLFKWLJ© IOVWHUWH VLH ZlKUHQG HU VLH DQ VLFK ]RJ
ª:HQQGXPLFKEUDXFKVWGDQQ«© ª,FKZHLGXKLOIVWPLU©(UGUFNWHVLHIU6HNXQGHQIHVWDQ VLFKXQGJDEVLHZLHGHUIUHLª:HUVDJWGLUGDLFKKHXWHQDFKW QRFKHWZDVXQWHUQHKPH"© ª,FK NHQQH GLFK© DQWZRUWHWH +D]HO VFKOLFKW ª'X EULQJVW HV QLFKW EHUV +HU] GLFK LQV %HWW ]X OHJHQ VRODQJH GX GDV *HKHLPQLVGHV'RSSHOJlQJHUVQLFKWJHO|VWKDVW© 5LFN 0DVWHUV ZLGHUVSUDFK LKU QLFKW ZHLO VLH UHFKW KDWWH (U ZDUWHWH ELV VLH GLH 7U KLQWHU VLFK DEJHVFKORVVHQ KDWWH 'DQQ PDFKWHHUVLFKDXIGLH6XFKHQDFK0UV+DOOLQJIRUG 6LHPXWHLKPHLQHJDQ]H5HLKH)UDJHQEHDQWZRUWHQ
:lKUHQG 5LFN 0DVWHUV PLW GHU +RWHOPDQDJHULQ VSUDFK XQG VLFK*lVWHXQG 3HUVRQDO ]XU 5XKH EHJDEHQ VFKUHFNWH &RORQHO 5LSOH\DXVHLQHPWLHIHQWUDXPORVHQ6FKODIKRFK(UKDWWHVLFK IUKHU DOV GLH EULJHQ *lVWH ]XU 5XKH EHJHEHQ ZHLO HU GLH *HVHOOVFKDIWDQGHUHU0HQVFKHQQLFKWVRQGHUOLFKVFKlW]WHXQGLQ VHLQHP$OWHUDXFKIUKHU(UKROXQJEUDXFKWH 6HLQ %OLFN ILHO DXI GLH 8KU QHEHQ VHLQHP %HWW 0LWWHUQDFKW 6RQVWZDFKWHHUQLH]ZLVFKHQGXUFKDXI (VEHXQUXKLJWHLKQXQGHUODXVFKWHEHVRQGHUVDQJHVWUHQJWLQ GLH 'XQNHOKHLW RE HV YLHOOHLFKW LP 6FKOR /lUP JDE GHU LKQ JHZHFNW KDEHQ NRQQWH 1DFK HLQLJHQ 6HNXQGHQ K|UWH HU HLQ 6FKDEHQ XQG 6FKDUUHQ DQ VHLQHU 7U DOV ZUGH VLFK MHPDQG GDJHJHQOHKQHQ /DXWORV WDVWHWH &RORQHO 5LSOH\ QDFK VHLQHP DOWHQ $UPHHUH YROYHUVSDQQWHGHQ+DKQXQGVFKOLFK]XU7U0LWHLQHP5XFN ULHUVLHDXIULFKWHWHGHQ5HYROYHUDXIGHQGUDXHQ6WHKHQGHQ XQGOLHLKQZLHGHUVLQNHQ ª1HYLOOH ZDV VROO GDV"© IUDJWH HU XQZLOOLJ XQG WUDW HLQHQ 6FKULWW ]XUFN ª:DUXP GUFNHQ 6LH VLFK DXI GHP .RUULGRU KHUXPXQGNRPPHQQLFKWHLQIDFKGXUFKGLH9HUELQGXQJVWU"©
1HYLOOHZDUVHLQ%XWOHUGHUHLQHQ1HEHQUDXPEHZRKQWHGHQ PDQGXUFKHLQH=ZLVFKHQWUHUUHLFKHQNRQQWH &RORQHO 5LSOH\ NDP QLFKW GHU 9HUGDFKW GD HU ZRP|JOLFK QLFKW GHQ HFKWHQ 1HYLOOH YRU VLFK VDK (U ZDU QXU QHXJLHULJ GHQ*UXQGIUGHQVSlWHQ%HVXFK]XHUIDKUHQ ª0DFKHQ 6LH GLH 7U ]X 1HYLOOH© ULHI &RORQHO 5LSOH\ XQG OLH VLFK ZLHGHU LQ VHLQ %HWW IDOOHQ ª:DV LVW ORV" :DV KDEHQ 6LH DXI GHP +HU]HQ"© IUDJWH HU XQG EOLFNWH GHP %XWOHU JHVSDQQWHQWJHJHQDOVHUDXILKQ]XNDP 1HYLOOHEOLHEYRUGHP%HWWVWHKHQVWUHFNWHGLH+DQGDXVXQG EHUKUWH&RORQHO5LSOH\V6WLUQ 'HU &RORQHO ZHKUWH VLFK QLFKW 'LH *HVWH ZLUNWH Y|OOLJ XQYHUGlFKWLJ(U]RJQXUHUVWDXQWGLH$XJHQEUDXHQKRFK ª:DV ZROOHQ 6LH 1HYLOOH"© ULHI HU GUlQJHQG ª,FK KDEH 6LH HWZDVJHIUDJWDOVRJHEHQ6LHHQGOLFK$QWZRUW© 1RFKHLQPDOEHUKUWHQGLH)LQJHUGHVYHUPHLQWOLFKHQ%XWOHUV GLH 6WLUQ GHV &RORQHO ,P QlFKVWHQ 0RPHQW VFKULH 5LSOH\ JHOOHQGDXIXQGVFKOXJGLH+lQGHJHJHQGHQ.RSI 'HU &RORQHO ZDQG VLFK XQWHU IXUFKWEDUHQ 6FKPHU]HQ (U VWU]WHDXIGHQ%RGHQZlO]WHVLFKKHUXPXQGVFKOXJXPVLFK 6HLQH6FKUHLHZXUGHQOHLVHUXQGHUVWDUEHQHQGOLFKYROOVWlQGLJ $XI VHLQHU 6WLUQ ELOGHWH VLFK HLQ VFKZDU]HV =HLFKHQ (V ZDU HLQ7RWHQNRSI 1RFKHLQOHW]WHV0DOElXPWH VLFK GHU &RORQHO DXI GDQQ ILHO HUVFKODIIDXIGHQ%RGHQ]XUFN ,P 1HEHQ]LPPHU SROWHUWH HV 'HU 0DQQ GHU LQ GDV =LPPHU GHV&RORQHOVHLQJHGUXQJHQZDU]XFNWHKHUXPGDQQKXVFKWHHU LQHLQH(FNHGHV=LPPHUVXQGO|VWHVLFKODQJVDPDXI $OV GLH 9HUELQGXQJVWU ]XP 1HEHQUDXP DXIIORJ XQG GHU HFKWH 1HYLOOH KHUHLQWUDW ZDU VHLQ 'RSSHOJlQJHU VFKRQ QLFKW PHKU]XVHKHQ =|JHUQG WUDW GHU %XWOHU DXI GHQ 7RWHQ ]X EFNWH VLFK XQG XQWHUVXFKWH LKQ IOFKWLJ $OV HU VLFK DXIULFKWHWH ZDU VHLQ *HVLFKWNUHLGHEOHLFK
5LFN 0DVWHUV IDQG GLH 0DQDJHULQ LQ LKUHP %UR KLQWHU GHU 5H]HSWLRQ 0UV +DOOLQJIRUG EOLFNWH LKP HUZDUWXQJVYROO HQWJHJHQXQGERWLKPHLQHQ6WXKODQ ª,FK KDWWH JHKRIIW GD 6LH QRFK KHXWH ]X PLU NRPPHQ 0U 0DVWHUV© VDJWH VLH ZlKUHQG VLH VLFK DQ GHU +DXVEDU ]X VFKDIIHQPDFKWHª(LQHQ:KLVN\"© ª1XUHLQHQNOHLQHQ© ZLQNWH5LFNDE ª,FK KDEH KHXWH QDFKW ZDKUVFKHLQOLFK QRFK YLHO ]X WXQ ,FK ELQ DXI HLQH VHKU LQ WHUHVVDQWH6DFKHJHVWRHQYRQGHULFKQRFKQLFKWYLHOZHL© :lKUHQG HU VHLQ (UOHEQLV PLW GHU .RSLH GHV .HOOQHUV VFKLOGHUWHEHWUDFKWHWHHUGLH0DQDJHULQGHV+RWHOVJHQDXHU /LQGD +DOOLQJIRUG ZDU HLQH VFK|QH )UDX JUR XQG VFKODQN ,KUH WL]LDQURWHQ +DDUH WUXJ VLH ]X HLQHU XQJHElUGLJHQ )ULVXU QDFK KLQWHQ JHNlPPW GD GLH NODVVLVFK VFK|QHQ /LQLHQ LKUHV *HVLFKWVEHWRQWZXUGHQ 5XKLJ KLQJHQ LKUH GXQNOHQ $XJHQ DQ GHP 3ULYDWGHWHNWLY 1LFKWV YHUULHW RE VLH VHLQH 6FKLOGHUXQJ DXIUHJWH 1XU LQ LKUHQ %OLFN WUDW HLQ VHOEVWEHZXWHV OHXFKWHQ 5LFNV (U]lKOXQJ EHVWlWLJWH VFKOLHOLFK LKUH HLJHQHQ %HREDFK WXQJHQ XQG ZDU HLQ %HZHLV GD VLH VLFK QLFKW GXUFK +DOOX]LQDWLRQHQKDWWHWlXVFKHQODVVHQ ª+DEHQ6LHLUJHQGZHOFKH$QKDOWVSXQNWHIUPLFK"©IRUVFKWH 5LFN ª*DE HV LQ GHU OHW]WHQ =HLW DXI GHP 6FKOR XQ JHZ|KQOLFKH 9RUJlQJH" +DEHQ 6LH 'URKDQUXIH HUKDOWHQ" :XUGHQ6LHHUSUHW"© /LQGD+DOOLQJIRUGVFKWWHOWHLPPHUZLHGHUGHQ.RSIª1HLQ QLFKWV YRQ DOOHGHP© EHKDXSWHWH VLH ª0U 0DVWHUV LFK KlWWH PLFKVRIRUWDQGLH3ROL]HLJHZDQGWZHQQ]XP%HLVSLHOMHPDQG JHJHQ GDV +RWHO 'URKXQJHQ DXVJHVWRHQ KlWWH $EHU GD ZDU ZLUNOLFKQLFKWVELVDXI«© 6LHEUDFKDELKU*HVLFKWYHUVFKORVLFK 5LFN 0DVWHUV EHXJWH VLFK JHVSDQQW YRU XQG IDWH GLH )UDX
VFKlUIHULQV$XJH ª%LV DXI «"© 5LFN NORSIWH XQJHGXOGLJ DXI GHQ 7LVFK ª%LV DXI ZDV" 6LH ZROOWHQ QRFK HWZDV KLQ]XIJHQ 0UV +DO OLQJIRUG© ª$FK GDV LVW VLFKHU QLFKW ZLFKWLJ© VDJWH VLH PLW HLQHU ZHJZHUIHQGHQ +DQGEHZHJXQJ ª(LQ DOWHU 0DQQ DXV GHU 1DFKEDUVFKDIW KDW HLQLJH $UEHLWHQ IU XQV HUOHGLJW %HL HLQHU GHUOHW]WHQ$UEHLWHQHUOLWWHUHLQHQ6FKODJDQIDOOXQGOLHJWVHLWKHU EHZXWORVLP.UDQNHQKDXV $EHUGDVLVWNHLQ XQJHZ|KQOLFKHU 9RUIDOOZLH6LHYRUKLQPHLQWHQ© ª:DUXP QLFKW"© 5LFN KRUFKWH DXI ª8QWHU 8PVWlQGHQ NDQQ GDV VRJDU VHKU ZLFKWLJ VHLQ :RPLW ZDU GLHVHU 0DQQ EH VFKlIWLJW"© ª(U VROOWH HLQHQ *UDEHQ LP 3DUN DXVKHEHQ© JDE GLH 0DQDJHULQ $XVNXQIW ª:LU ZROOWHQ QRFK HLQ .DEHO IU HLQHQ %HOHXFKWXQJVN|USHU LP :DOG YHUOHJHQ $EHU GD]X LVW HV QLFKW PHKU JHNRPPHQ (UQLH 0DQVRQ OLHJW MHW]W LP .UDQNHQKDXV :DKUVFKHLQOLFK ZDU GLH $UEHLW ]X VFKZHU IU LKQ QDKP GHU $U]W DQ :LU KDWWHQ NHLQH =HLW PHKU XQV XP GHQ *UDEHQ ]X NPPHUQ,FKODVVHLKQPRUJHQIUKZLHGHU]XVFKWWHQ© ª1HLQWXQ6LHGDVQLFKW©5LFNKREDEZHKUHQGEHLGH+lQGH ª,FKP|FKWHPLUGHQ*UDEHQDQVHKHQXQGDQVFKOLHHQGZHUGH LFKDXFKGLHVHQ(UQLH0DQVRQLP.UDQNHQKDXVEHVXFKHQ© ª(U LVW RKQPlFKWLJ XQG QLFKW DQVSUHFKEDU© ZDQGWH /LQGD +DOOLQJIRUGHLQ ª,FKYHUVXFKHHVWURW]GHP© 5LFN0DVWHUVVWDQGDXIXQGZROOWHVLFK]XUFN]LHKHQDOVVLFK GLH 7U GHV %URV QDFK HLQHP NXU]HQ .ORSIHQ |IIQHWH (LQ 0DQQLP3\MDPDXQG0RUJHQPDQWHOWUDWHLQ 5LFN NRQQWH VLFK HULQQHUQ GHQ 0DQQ VFKRQ HLQPDO JHVHKHQ ]X KDEHQ XQG ]ZDU LP 6SHLVHVDDO (U KDWWH JHPHLQVDP PLW HLQHPlOWHUHQZHLKDDULJHQ0DQQGHQ6DDOYHUODVVHQDOV5LFN XQG +D]HO .HQW PLW LKUHQ DXVWUDOLVFKHQ )UHXQGHQ JHNRPPHQ ZDUHQ
ª0UV +DOOLQJIRUG© VDJWH GHU 0DQQ WRQORV (U ZDQNWH XQG PXWH VLFK DXI GHP 6FKUHLEWLVFK VWW]HQ ª.|QQHQ 6LH VRIRUW NRPPHQ"'HU&RORQHO²GHU&RORQHO«© ª.RPPHQ 6LH ]HLJHQ 6LH PLU GHQ :HJ© 5LFN 0DVWHUV OLHI ]XU 7U /LQGD +DOOLQJIRUG IROJWH LKP 'HU 'LHQHU GHV :HLKDDULJHQUDIIWHVLFKDXIXQGJLQJLKQHQYRUDQ 'LH7UHLQHVGHU*lVWH]LPPHUVWDQGZHLWRIIHQ 6FKRQ YRQ ZHLWHPVDK5LFN0DVWHUVGLH*HVWDOWDXIGHP)XERGHQOLHJHQ 'LH ZHLHQ +DDUH VFKLPPHUWHQ LP 6FKHLQ GHU 1DFKWWLVFKODP SH ª8P +LPPHOV ZLOOHQ© PXUPHOWH GLH 0DQDJHULQ ª,VW HU WRW"© 5LFN 0DVWHUV EHWUDW GDV =LPPHU XQG EHXJWH VLFK EHU GHQ :HLKDDULJHQ ª:HU LVW GDV"© IUDJWH HU EHU VHLQH 6FKXOWHU ]XUFN ª&RORQHO 5LSOH\ HLQ SHQVLRQLHUWHU 2IIL]LHU© /LQGD +DOOLQJ IRUGNQHWHWHQHUY|VLKUH)LQJHUª8QGGHU0DQQGHUXQVJHKROW KDWLVWVHLQHKHPDOLJHU%XUVFKHMHW]WVHLQ%XWOHU1HYLOOH:DV LVWPLWGHP&RORQHO"© ª(U LVW WRW© 5LFN 0DVWHUV ULFKWHWH VLFK DXI XQG GHXWHWH DXI GLH /HLFKH KLQXQWHU ª,FK JODXEH MHW]W ZHUGHQ 6LH GRFK GLH 3ROL]HL YHUVWlQGLJHQ PVVHQ 'HQQ GDV LVW QLFKW PLW UHFKWHQ 'LQJHQ]XJHJDQJHQ© ª6HOEVWPRUG"©IOVWHUWHGLH 0DQDJHULQ ,KUH $XJHQ ZHLWHWHQ VLFK HQWVHW]W DOV 5LFN GHQ .RSI VFKWWHOWH ª0RUG"© KDXFKWH VLH 5LFN 0DVWHUV QLFNWH ª0RUG© VDJWH HU GVWHU ª+LHU VHKHQ 6LHGDV=HLFKHQDXIVHLQHU6WLUQ"© =|JHUQG EHXJWH VLFK 0UV +DOOLQJIRUG EHU GHQ 7RWHQ YRQ GHVVHQ6WLUQHLQVFKZDU]HU7RWHQVFKlGHOJULQVWH ª(LQVHKUPDNDEUHU6FKHU]©VWHOOWHVLHIHVW ª'DV LVW NHLQ 6FKHU]© 5LFN YHUVXFKWH GHQ 7RWHQNRSI DE]XZLVFKHQ ª(U ZXUGH QLFKW DXIJHPDOW 0UV +DOOLQJIRUG 6HLQH+DXWYHUIlUEWHVLFKYRQDOOHLQVR©
1DFKHLQHPXQJOlXELJHQ%OLFNPLWGHPVLHGHQ3ULYDWGHWHN WLY XQG GHQ 7RWHQ PXVWHUWH OLHI /LQGD +DOOLQJIRUG DXV GHP =LPPHUXQGKLQXQWHULQLKU%UR $OV 5LFN LKU HWZDV VSlWHU QDFKNDP OHJWH VLH JHUDGH GHQ +|UHUZLHGHUDXIGHQ$SSDUDW]XUFN ª'LH/HLWXQJLVWWRW©VDJWHVLHQHUY|Vª.HLQH9HUELQGXQJ© 5LFN EHU]HXJWH VLFK GDYRQ $XV GHP +|UHU NDP ZLUNOLFK NHLQHLQ]LJHU7RQ ª6LH JODXEHQ PLU ZRKO QLFKW"© IUDJWH /LQGD +DOOLQJIRUG JHUHL]Wª1LFKWVHKUVFKPHLFKHOKDIW© ª,FKYHUWUDXHQXUPLUVHOEVW©DQWZRUWHWH5LFNQFKWHUQª$XI GLHVH:HLVHOHEHLFKOlQJHU©(UEHPKWHVLFKXPHLQ/lFKHOQ ª1HKPHQ 6LH HV PLU QLFKW EHO LFK KDEH PHLQH *UXQGVlW]H 8QG LQ GLHVHP )DOO PX LFK JDQ] EHVRQGHUV YRUVLFKWLJ VHLQ &RORQHO 5LSOH\ ZXUGH QLFKW HLQIDFK QXU HUPRUGHW 6HLQ 7lWHU LVWYHUPXWOLFKNHLQ0HQVFKZLH6LHXQGLFKVRQGHUQ«© ª6RQGHUQ"© /LQGD +DOOLQJIRUG EHXJWH VLFK JHVSDQQW YRU DOV 5LFNVFKZLHJª:HULVWHU0U0DVWHUV"© 'HU3ULYDWGHWHNWLYVSUDFKQLFKWZHLWHUEHUVHLQH9HUPXWXQJ (U QLFNWH GHU 0DQDJHULQ IOFKWLJ ]X XQG YHUOLH GDV %UR /DQJVDPVWLHJHULQGHQHUVWHQ6WRFNKLQDXI 'DV8QEHNDQQWHKDWWHVFKQHOOHU]XJHVFKODJHQDOVHUYHUPXWHW KDWWH %HYRU HU HWZDV XQWHUQHKPHQ NRQQWH ZDU EHUHLWV HLQ 0HQVFKJHVWRUEHQ 5LFN 0DVWHUV EUDQQWH GLH =HLW DXI GHQ 1lJHOQ (U PXWH ]DKOUHLFKH*lVWHXQG$QJHK|ULJHGHV3HUVRQDOVVFKW]HQ8QG HU PXWH GDIU VRUJHQ GD +D]HO XQG VHLQHQ 9HUZDQGWHQ QLFKWVSDVVLHUWH (V ZDU HLQH VFKZLHULJH IDVW XQO|VEDUH $XIJDEH GD HU NHLQHUOHL$QKDOWVSXQNWHKDWWH $OVHUVLFKGHP=LPPHUQlKHUWHLQGHPGHU7RWHODJPXWH HUVLFK]XVDPPHQUHLHQXPQLFKWHLQIDFKZLHGHUXP]XGUHKHQ XQG DOOHV DQGHUHQ ]X EHUODVVHQ $EHU GDQQ VDJWH HU VLFK GD HUJHEUDXFKWZXUGH
(U |IIQHWH GLH 7U XQG VDK VLFK GHP %XWOHU 1HYLOOH JHJHQ EHU GHU YRU $QJVW KDOE ZDKQVLQQLJ DXI GHP %RGHQ NDXHUWH XQGHQWVHW]WDXIGHQ7HSSLFKVWDUUWH
ª1HYLOOH© ULHI 5LFN 0DVWHUV GHQ 0DQQ OHLVH DQ ª:DV LVW SDVVLHUW"1HYLOOHEHUXKLJHQ6LHVLFK© 'HU %XWOHU KRE ODQJVDP GHQ .RSI XQG EOLFNWH 5LFN DXV JURHQYHUVW|UWHQ$XJHQDQ ª(U²HULVW²YHUVFKZXQGHQ© PXUPHOWH HU ª'HU &RORQHO KDW VLFK DXIJHO|VW ² YRU PHLQHQ $XJHQ«6NHOHWWHULVW]XP6NHOHWW«9HUVFKZXQGHQ© +LOIORV EUDFK 1HYLOOH DE 'HU EODVVH XQVFKHLQEDUH 0DQQ NRQQWHQLFKWIDVVHQZDVVLFKHUHLJQHWKDWWH 5LFNXQWHUVXFKWHGHQ7HSSLFK(UZDUVRGLFNXQGIODXVFKLJ GD VLFK GHU 8PUL YRQ &RORQHO 5LSOH\V .|USHU HLQJHGUFNW KDWWH XQG VLFK QRFK LPPHU GHXWOLFK DE]HLFKQHWH 1XU GLH /HLFKH VHOEVW ZDU QLFKW PHKU LP =LPPHU DXFK QLFKW LP 1HEHQUDXP GHV %XWOHUV 5LFN EHU]HXJWH VLFK GDYRQ GDQQ HULQQHUWH HU VLFK GDUDQ GD GHU %XWOHU ]ZHLPDO GDV :RUW 6NHOHWWDXVJHVSURFKHQKDWWH 6HKU VFKQHOO VWHOOWH VLFK KHUDXV GD PLW GHP &RORQHO GLH JOHLFKHHUVFKUHFNHQGH9HUZDQGOXQJYRUVLFKJHJDQJHQZDUZLH PLWGHU.RSLHGHV.HOOQHUV(UZDU]XHUVW ]XU 0XPLH GDQDFK ]XP6NHOHWWJHZRUGHQXQGKDWWHVLFKDQVFKOLHHQGYROOVWlQGLJ DXIJHO|VW1LFKWVZDU]XUFNJHEOLHEHQ 1HYLOOH VFKLOGHUWH GHP 3ULYDWGHWHNWLY DXI VHLQH )UDJHQ DOOHV JDQ]JHQDX'DQDFKZDUHUVRHUVFK|SIWGDHUVLFKYRQ5LFN RKQH :LGHUVSUXFK LQ VHLQ =LPPHU EULQJHQ OLH ZR HU VLFK KLQOHJWHXQGDXJHQEOLFNOLFKHLQVFKOLHI 5LFN OLHI ]X +D]HO .HQWV =LPPHU XQG NORSIWH )DVW DXJHQ EOLFNOLFK PHOGHWH VLH VLFK XQG IUDJWH ZHU GUDXHQ VHL 5LFN QDQQWH VHLQHQ 1DPHQ XQG IJWH LKU YHUHLQEDUWHV .HQQZRUW KLQ]X+D]HOOLHLKQHLQWUHWHQXQGJDEGLH3DUROH]XUFN
ª,FK NRPPH PLU UHLFKOLFK DOEHUQ YRU© PHLQWH VLH OlFKHOQG VREDOG HU LKU JHJHQEHU VD ª:LH .LQGHU GLH *HKHLPEXQG VSLHOHQXQG3DUROHQDXVJHEHQ© ª$XVGHP6SLHOLVWELWWHUHU(UQVWJHZRUGHQ©5LFNVFKLOGHUWH VHLQHU )UHXQGLQ GHQ 7RG GHV DOWHQ &RORQHOV ª1HYLOOH VHLQ %XWOHU EHKDXSWHW GD GHU &RORQHO YRUKHU PLW MHPDQGHQ JHVSURFKHQKDEHXQGLKQ1HYLOOHQDQQWH© ª'X JODXEVW GD HLQH .RSLH GHV ULFKWLJHQ %XWOHUV EHL GHP &RORQHO ZDU XQG LKQ W|WHWH"© +D]HO QDJWH QDFKGHQNOLFK DQ LKUHP'DXPHQQDJHO ª'DV N|QQWH VHLQ© HQWJHJQHWH 5LFN YRUVLFKWLJ ª-HGHQIDOOV JLEW HV NHLQH WHOHIRQLVFKH 9HUELQGXQJ QDFK GUDXHQ ,FK P|FKWHLP0RPHQWDXFKQLFKWZHJIDKUHQXPHXFKQLFKWDOOHLQ ]X ODVVHQ :LU ZHFNHQ MHW]W *HRUJH XQG (OVD 6LH VROOHQ LQ GHLQHP =LPPHU VFKODIHQ 'X KDVW GRFK QLFKWV GDJHJHQ 'DUOLQJ"© +D]HO VFKWWHOWH PLW HLQHP VS|WWLVFKHQ /lFKHOQ GHQ .RSI ª$EHUQHLQJDUQLFKWV'DUOLQJ©JDEVLHEHUWULHEHQIUHXQGOLFK ]XUFNª6RKDEHLFKPLUVFKRQLPPHUHLQHQ8UODXEPLWGLU]X VDPPHQYRUJHVWHOOW$EHUEULQJHGLHEHLGHQQXUKHUEHUHVLVW ZLUNOLFKEHVVHUZHQQZLUDOOHEHLVDPPHQEOHLEHQ© 'HU 3ULYDWGHWHNWLY YHUOLH GDV =LPPHU VHLQHU )UHXQGLQ XQG NORSIWHDQ*HRUJHVXQG(OVDV7U $XFKKLHUZLHGHUKROWHVLFK GDV 6SLHO PLW GHQ (UNHQQXQJVZ|UWHUQ QXU GD HV GLHVPDO OlQJHUGDXHUWHZHLOEHLGHIHVWJHVFKODIHQKDWWHQ ª,FK ILQGH GX EHUWUHLEVW 5LFN© ZDU *HRUJHV .RPPHQWDU DOVHUK|UWHZDV5LFNYRQLKQHQZROOWH ª$EHUELWWHZHQQGX PHLQVW© (OVDVDJWHJDUQLFKWV:LHLPPHUIJWHVLHVLFKLQDOOHV5LFN VWHOOWH IU VLFK IHVW GD HU HV PLW GLHVHU EORQGHQ EODXlXJLJHQ XQG VFKFKWHUQHQ )UDX NHLQH ]ZHL 7DJH DXVJHKDOWHQ KlWWH :DUXPNRQQWHVLHQLFKWHLQPDOZLGHUVSUHFKHQ" 1DFKGHP 5LFN VHLQHQ 9HWWHU XQG GHVVHQ )UDX LQ +D]HOV =LPPHU DEJHOLHIHUW KDWWH PDFKWH HU VLFK DXI GLH 6XFKH QDFK
/LQGD +DOOLQJIRUG 'LH 0DQDJHULQ VROOWH LKP HLQH *lVWHOLVWH JHEHQ GDPLW HU VLFK GDYRQ EHU]HXJHQ NRQQWH GD HV GHQ EULJHQ*lVWHQJXWJLQJ 5LFN 0DVWHUV IDQG /LQGD +DOOLQJIRUG MHGRFK QLFKW LQ LKUHP %UR (UIDQGVLHQLUJHQGZR 8QGQDFKHLQHUKDOEHQ6WXQGHZXWHHUGDVLFKDXHULKP +D]HOXQGGHQEHLGHQ$XVWUDOLHUQEHUKDXSWQLHPDQGPHKULP 6FKORDXIKLHOW6LHZDUHQDOOHYHUVFKZXQGHQ
+D]HO .HQW VWDUUWH LKUHQ )UHXQG XQJOlXELJ DQ DOV 5LFN 0DVWHUV PLW GHU XQJODXEOLFKHQ 1DFKULFKW LQ LKU =LPPHU NDP *HRUJH3HQQLQJXQGVHLQH)UDX(OVDVFKWWHOWHQGLH.|SIH ª8QP|JOLFK©HUNOlUWHQVLHª'DVNDQQQLFKWVHLQ© ª.HLQHWHOHIRQLVFKH9HUELQGXQJPLWGHU$XHQZHOWXQGMHW]W YHUVFKZLQGHQ GLH *lVWH XQG GDV 3HUVRQDO© +D]HO .HQW ZDUI 5LFNHLQHQlQJVWOLFKHQ%OLFN]Xª9LHOOHLFKWKDQGHOWHVVLFKXP HLQH)DOOH© ª)DOOH")UZHQHLQH)DOOH"©*HRUJH3HQQLQJVWHOOWHVLFKYRU +D]HOXQGVWHPPWHGLH)lXVWHLQGLH+IWHQ(UWUXJQXUHLQHQ 3\MDPD XQG HLQHQ 0RUJHQPDQWHO XQG ZLUNWH QLFKW VHKU LPSRVDQW9LHOOHLFKWHLQH)DOOHIU5LFN"'DVJODXEHQ6LHGRFK VHOEVW QLFKW 1LHPDQG ZLUG HLQ JDQ]HV 6FKOR PLW PHKU DOV ]ZDQ]LJ0DQQ3HUVRQDOXQG]DKOUHLFKHQ*lVWHQ]XHLQHU)DOOH IU LKQ XPEDXHQ :LVVHQ 6LH ZDV HV EHGHXWHW VR YLHOH 0HQVFKHQHLQIDFKYHUVFKZLQGHQ]XODVVHQ"© ª0|JOLFKLVWHVWURW]GHP©EHKDUUWH+D]HODXILKUHU0HLQXQJ ª5LFN KDW YLHOH )HLQGH XQWHU GHQ $QKlQJHUQ GHU 6FKZDU]HQ 0DJLHXQGXQWHU6DWDQVDQEHWHUQ© ª8QVLQQ©*HRUJH3HQQLQJVSUDQJDXIOLHIDXVGHP=LPPHU XQG NDP QDFK ]ZHL 0LQXWHQ PLW HLQHP NOHLQHQ (WXL ZLHGHU ª+LHU5LFNLFKZHUGHGLH6DFKHLQGLH+DQGQHKPHQ©
0LWVSLW]HQ)LQJHUQQDKP5LFN0DVWHUVGDV(WXLXQGNODSSWH HVDXI(UKDWWHQXUHLQHQ%OLFNDXIGHQ$XVZHLVJHZRUIHQDOV HUNDXPHLQVFKDOOHQGHV*HOlFKWHU]XUFNKDOWHQNRQQWH ª(LQ3ROL]LVW©VWHOOWHHUIHVWXQGZDUI+D]HOGHQ$XVZHLV]X ª0HLQ9HWWHU*HRUJHDXV6LGQH\LVWHLQ3ROL]LVW© ª:DUXPQLFKW"©HUZLGHUWH*HRUJHEHOHLGLJWª,FKDUEHLWHEHL GHU.ULPLQDOSROL]HL:LUKDEHQDXFKLQ$XVWUDOLHQ=HLWXQJVDU WLNHO EHU GLFK JHOHVHQ XQG LQ HLQLJHQ )DFKEOlWWHUQ ZDU DXFK GLH 5HGH GDYRQ GD GX GLFK DXI EHUVLQQOLFKH 3KlQRPHQH VSH]LDOLVLHUWKDVW,FKZROOWHGLUHLQPDOEHLGHU$UEHLW]XVHKHQ XQG«© ª8QGYRUDOOHPKlOWVWGXQLFKWVYRQPHLQHQ$UEHLWVPHWKRGHQ XQG JODXEVW DXFK QLFKW GD HV hEHUVLQQOLFKHV JLEW© HUJlQ]WH 5LFN ª'X ZLOOVW PLU ]HLJHQ GD HLQ YHUQQIWLJHU 3ROL]LVW QDFKZHLVHQNDQQGDEHLPLUDOOHVQXU6FKZLQGHOLVW© ª$EHU 5LFN© ULHI *HRUJH 3HQQLQJ YHUOHJHQ ª6R ZDU GDV QLFKWJHPHLQW© ª$EHUVRlKQOLFK©VDJWH5LFN0DVWHUVPLWHLQHPVFKZDFKHQ *ULQVHQª'XEUDXFKVWGLUNHLQH9RUZUIH]XPDFKHQ'XELVW QLFKW GHU HUVWH GHU PLU QLFKW JODXEW $EHU MHW]W JHKW HV XP ZLFKWLJHUH 'LQJH DOV XP HLQH SHUV|QOLFKH 0HL QXQJVYHUVFKLHGHQKHLW 'LH *lVWH XQG GDV 3HUVRQDO VLQG YHUVFKZXQGHQ :LU PVVHQ KHUDXVILQGHQ ZDV JHVFKHKHQ LVW XQGZDUXP1XUGDQQN|QQHQZLUGHQ/HXWHQKHOIHQ© ª8QG LFK YHUVXFKH LQ GHQ QlFKVWHQ 2UW ]X JHODQJHQ© HQWVFKLHG*HRUJH3HQQLQJª,FKKROHGLH3ROL]HL'DVHUVFKHLQW PLUVLFKHUHUDOVZHQQGXVHOEVWQDFKIRUVFKVW© ª:LH GX ZLOOVW .ROOHJH© YHUVHW]WH 5LFN ELVVLJ 6HLQHU 0HLQXQJQDFKZUGHVHLQ9HUZDQGWHUXQG%HUXIVNROOHJHNHLQH 0HLOHZHLWNRPPHQª,FKEOHLEHMHGHQIDOOVKLHU© ª,FKDXFK©HQWVFKLHG+D]HO.HQWª,FKKDEHPHKU9HUWUDXHQ ]X5LFN© ª,FK EOHLEH EHL GLU© YHUVLFKHUWH (OVD 3HQQLQJ LKUHP 0DQQ ª'UIHQZLU,KUHQ:DJHQEHQW]HQ0UV.HQW"©
+D]HOZDUILKUGLH6FKOVVHO]Xª)DKUHQ6LHGHQ5ROOV5R\FH QDFK 0|JOLFKNHLW QLFKW ]X 6FKURWW© EDW VLH ª'LHVH :DJHQ EHNRPPWPDQQLFKWDQMHGHP.LRVN© 'DV (KHSDDU 3HQQLQJ JLQJ LQ VHLQ =LPPHU KLQEHU )QI 0LQXWHQ VSlWHU ZDUHQ GLH EHLGHQ IHUWLJ DQJH]RJHQ XQG YHUOLHHQGDV6FKOR 5LFN XQG +D]HO K|UWHQ GHQ 0RWRU GHV 5ROOV 5R\FH DQVSULQ JHQ ª+RIIHQWOLFKEOHLEWGHU:DJHQXQEHVFKlGLJW©VHXI]WH+D]HO ª,FKKDEHLKQHUVWJHVWHUQPRUJHQZDVFKHQODVVHQ© *OHLFKGDUDXINUHLVFKWHQGLH%UHPVHQGHV:DJHQV5LFNXQG +D]HOVWU]WHQDQV)HQVWHUXQGEHXJWHQVLFKZHLWKLQDXV 'HU 5ROOV 5R\FH VWDQG TXHU DXI GHU =XIDKUWVVWUDH ]XP 6FKOR(VZDUQLFKWVSDVVLHUWVRYLHOPDQDXIGLHVH(QWIHUQXQJ HUNHQQHQNRQQWH ª'HLQ :DJHQ KDWWH PHKU *OFN DOV *HRUJH© ULHI 5LFN XQG VWU]WHDXV+D]HOV=LPPHU 8QWHQ LQ GHU +DOOH NDP LKP (OVD HQWJHJHQJHWRUNHOW VLH VWUHFNWH GLH $UPH YRQ VLFK XQG WDVWHWH PLW GHQ +lQGHQ ZLH HLQH%OLQGHLKUH8PJHEXQJDE,KU*HVLFKWZDULQQDPHQORVHP *UDXHQYHU]HUUW 5LFNIDWHVLH DQ GHU +DQG XQG KLHOW VLH VDQIW IHVW ª:DV LVW SDVVLHUW"© IRUVFKWH HU ª(OVD NRPP VFKRQ VDJ PLU ZDV JH VFKHKHQLVW"© (OVD 3HQQLQJ VWUlXEWH VLFK SO|W]OLFK JHJHQ 5LFNV *ULII 6LH ElXPWHVLFKDXIVFKULHJHOOHQGXP+LOIHXQGEUDFKRKQPlFKWLJ ]XVDPPHQ 5LFN 0DVWHUV ILQJ VLH DXI OLH VLH DXI HLQ 6RID LQ GHU +DOOH JOHLWHQXQGOLHIQDFKGUDXHQ +D]HONRQQWHVLFKXPGLH2KQPlFKWLJHNPPHUQ (U PXWH ]XVHKHQGD*HRUJHQLFKWV]XVWLH $OVHULQV)UHLHWUDWZDUYRQVHLQHP9HWWHUQLFKWV]XVHKHQ
*HRUJH3HQQLQJZDUIURKGD5LFNHQGOLFKEHUVHLQHQ%HUXI %HVFKHLG ZXWH 'DV 9HUVWHFNVSLHO ZDU LKP EHUHLWV DXI GLH 1HUYHQ JHJDQJHQ (V VWLPPWH ]ZDU GD HU EHL VHLQHU (QJODQGUHLVH VHLQHQ 9HWWHU EHVXFKW KDWWH HLQIDFK XP 5LFN 0DVWHUV HLQPDO SHUV|QOLFK NHQQHQ]XOHUQHQ (V VWLPPWH DXFK GDHUYRQ5LFNV0HWKRGHQQLFKWDOO]XYLHOKLHOWXQGVLFKOLHEHU DXI VHLQH 3ROL]HLPHWKRGHQ YHUOLH GLH HU GDKHLP LQ 6LGQH\ DQZDQGWH'RFKHUKDWWHQLHPDOVGDPLWJHUHFKQHWGDHUVFKRQ QDFKVRNXU]HU =HLW*HOHJHQKHLWKDEHQZUGH JHPHLQVDPPLW 5LFNHLQHQ)DOO]XNOlUHQ -HW]W PXWH HV VLFK ]HLJHQ ZHU GHU EHVVHUH 'HWHNWLY ZDU *HRUJH3HQQLQJZDUVRYRQGHU,GHHEHJHLVWHUWGDHUJDUQLFKW ZHLWHU GDUDXI DFKWHWH RE LKP VHLQH )UDX ]X GHP 5ROOV 5R\FH IROJWH RGHU QLFKW 6LH KROWH LKQ JHUDGH QRFK UHFKW]HLWLJ HLQ VFKREVLFKDXIGHQ%HLIDKUHUVLW]XQGNODPPHUWHVLFKIHVWDOVHU GHQ0RWRUDXIKHXOHQOLHXQGVWDUNEHVFKOHXQLJWH 'LH 5HLIHQ GHV VFKZHUHQ :DJHQV VFKOHXGHUWHQ .LHV KLQWHU VLFK DXI ,Q HLQHU )RQWlQH DXV 6WDXE XQG 6WHLQHQ UDVWH +D]HOV 5ROOV5R\FHORVXQGDXIGLH$XVIDKUWGHV6FKORSDUNV]X 6LH ZDUHQ QXU PHKU ZHQLJH :DJHQOlQJHQ YRP 3RUWDO HQWIHUQW DOV (OVD JHOOHQG DXIVFKULH 9RU GHP :DJHQ ELOGHWH VLFKSO|W]OLFKHLQH:DQGDXVZDOOHQGHQ1HEHOQ *HRUJH YHUVXFKWH QRFK UHFKW]HLWLJ ]X EUHPVHQ 0LW EORFNLHUWHQ 5lGHUQ UXWVFKWH XQG VFKOHXGHUWH GHU VFKZHUH :DJHQGLUHNWDXIGLH:DQG]X (VJHODQJLKPQLFKWPHKUGHQ:DJHQDE]XIDQJHQ'HU5ROOV 5R\FHERKUWHVLFKPLWGHP.KOHULQGLH1HEHOVFKZDGHQ1XU GLHUHFKWH6HLWHQWUEOLHELP)UHLHQ(OVDVWLHVLHDXIOLHVLFK KLQDXVIDOOHQ XQG UDQQWH ]XP 6FKOR ]XUFN ,Q GHU +DOOH WUDI VLHGDQQDXI5LFN0DVWHUV *HRUJH3HQQLQJMHGRFKKDWWH VLFK QLFKW PHKU UHFKW]HLWLJ DXV GHP :DJHQ EHIUHLHQ N|QQHQ (U VD LQ MHQHP 7HLO GHU LQ GLH 1HEHOZDQGKLQHLQUDJWH*HRUJHNRQQWHQLFKWVPHKUYRQVHLQHU
8PJHEXQJ VHKHQ 'DV EHOHXFKWHWH $UPDWXUHQEUHWW NRQQWH HU ]ZDUEHIKOHQQLFKWMHGRFKHUNHQQHQ ª(OVD"©ULHIHUXQWHUGUFNWª(OVD© 6HLQH)UDXDQWZRUWHWHQLFKW(UZROOWH]XP1HEHQVLW]JUHLIHQ XQG (OVD VXFKHQ 'RFK SO|W]OLFK VWLH HU JHJHQ HLQHQ KDUWHQ :LGHUVWDQG (UVFKURFNHQ ]RJ HU GLH +DQG ]XUFN XQG YHUVXFKWHHVQRFKHLQPDO (VZDUXQP|JOLFK(UZXWHJHQDXGDHV]ZLVFKHQLKPXQG GHP %HLIDKUHUVLW] GHV :DJHQV NHLQH 7UHQQZDQG JDE 8QG GRFK NRQQWHQ VHLQH )LQJHU QXU ELV ]XP 5DQG GHU 1HEHO]RQH YRUGULQJHQ$OOHVZDVGDKLQWHUODJEOLHEIULKQXQHUUHLFKEDU 0LW HLQHU JHPXUPHOWHQ 9HUZQVFKXQJ VWLH *HRUJH GLH 6HLWHQWUDXIXQGVSUDQJLQV)UHLH$OVHU]ZHL6FKULWWHDXIGDV +HFN GHV :DJHQV ]X PDFKWH SUDOOWH HU HUQHXW JHJHQ HLQHQ KDUWHQ:LGHUVWDQG:LHHLQH0DXHUHUVWUHFNWHVLFKYRULKPGLH 7UHQQOLQLH ]ZLVFKHQ GHU 1HEHO]RQH XQG GHU JHZ|KQOLFKHQ 8PJHEXQJ 3DQLVFKH $QJVW NHLPWH LQ LKP DXI DOV HU GLH VFKUHFNOLFKH 7DWVDFKH EHJULII (U ZDU LQ GHU 1HEHOVFKZDGH LQ GLH HU PLW GHP :DJHQ KLQHLQJHUDVW ZDU JHIDQJHQ 6RVHKU HU VLFK DXFK DQVWUHQJWHHUNRQQWHVLHQLFKWPHKUYHUODVVHQ (V GDXHUWH QLFKW ODQJH GD VDK HU HLQH *HVWDOW DXI VLFK ]XNRPPHQ=XHUVWEOLHELKPGDV+HU]YRU6FKUHFNIDVWVWHKHQ GRFKGDQQHUNDQQWHHU5LFN0DVWHUV ª+H5LFN+LHUELQLFK+LHUKHU©VFKULH*HRUJH3HQQLQJ 'HU3ULYDWGHWHNWLYNDPDXIGHQ:DJHQ]XEOLHEGDYRUVWHKHQ XQGVWDUUWHDQJHVWUHQJWLQGDV,QQHUHGHV)DKU]HXJV(UVWUHFNWH DXFK HLQ SDDUPDO GLH +DQG DXV XQG *HRUJH YHUVXFKWH YHU]ZHLIHOWGLHVH+DQG]XHUJUHLIHQDEHUMHGHVPDOYHUlQGHUWH 5LFN VHLQHQ 6WDQGRUW EHYRU VHLQ 9HWWHU LKQ HUUHLFKHQ NRQQWH (V QW]WH *HRUJH DXFK QLFKWV GD HU VFKULH XQG ZLQNWH 'HU 3ULYDWGHWHNWLYVFKLHQLKQZHGHUVHKHQQRFKK|UHQ]XN|QQHQ 6FKOLHOLFK HQWIHUQWH VLFK 5LFN 0DVWHUV ZLHGHU RKQH LKP JHKROIHQ ]X KDEHQ *HRUJH 3HQQLQJ VSUDQJ ZWHQG DXI GHQ
:DJHQ]XXQGKLHEGLH+DQGDXIGLH+XSH/DQJJH]RJHQJHOOWH GHU7RQGXUFKGLH1DFKW 5LFN0DVWHUVGUHKWHVLFKGDUDXIKLQXPXQGZDUIHLQHQ%OLFN ]XUFN.RSIVFKWWHOQGJLQJHUZHLWHUDXIGDV6FKOR]X 9HU]ZHLIHOWVDQN*HRUJH3HQQLQJEHUGHP6WHXHUGHV5ROOV 5R\FH ]XVDPPHQ (U PHUNWH QLFKW PHKU GD LKP IDVW DXJHQEOLFNOLFK GLH 6LQQH VFKZDQGHQ XQG HU LQ HLQHQ WLHIHQ 6FKODIVDQN
1DFKGHP5LFN0DVWHUV(OVDLQGHU+DOOHJHIXQGHQKDWWHWUDW HU YRU GDV 6FKOR XQG OLHI DXI GHQ 5ROOV 5R\FH ]X GHU LQ GHU 1lKHGHV+DXSWSRUWDOVPLWDXVJHVFKDOWHWHP0RWRUVWDQG 6FKRQYRQZHLWHPVDK5LFNGLH]XVDPPHQJHVXQNHQH*HVWDOW KLQWHUGHP /HQNUDG*HRUJHVFKLHQQLFKWYHUOHW]W]X VHLQ XQG GRFK KLQJ HU VWDUU DXI GHP 6LW] $OV 5LFN LKQ DQIDWH IKOWH VLFKVHLQ$UPKDUWZLH(LVHQDQ(VZDUXQP|JOLFKLKQKLQWHU GHP/HQNUDGKHUYRU]X]LHKHQ ,Q GLHVHQ 6HNXQGHQ KDWWH 5LFN 0DVWHUV NHLQH $KQXQJ GD *HRUJHGLH6]HQHJDQ]DQGHUVHUOHEWHGDVHLQ9HWWHUJODXEWH *HIDQJHQHU LQ HLQHU 1HEHOZRONH ]X VHLQ XQG VLFK ZHQLJVWHQV DXIHLQHPEHJUHQ]WHQ5DXPIUHLEHZHJHQ]XN|QQHQ 5LFNWDWVHLQ%HVWHV(UYHUVXFKWHDOOHVP|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
GHU 6HVVHO XQG KDWWH GLH %HLQH KRFKJHOHJW ª(V JHKW LKU QLFKW JXWVLHKDWHLQHQ6FKRFN:DVLVWPLWLKUHP0DQQ"© ª(UOHEWDEHUHULVW]XHLQHU6WDWXHHUVWDUUW©5LFNKDNWHVLFK EHL +D]HO XQWHU XQG EHWUDFKWHWH QDFKGHQNOLFK GLH 8PJHEXQJ GHV 6FKORVVHV ª:DUXP YHUVFKZLQGHQ DOOH 3HUVRQHQ ZLU YLHU DXVJHQRPPHQ" :DV LVW JHVFKHKHQ"© (U EDOOWH GLH )DXVW XQG VFKOXJGDPLWJHJHQGLH6WHLQPDXHUª0DQN|QQWHIDVWPHLQHQ GD PDQ XQV LQ HLQH )LOPNXOLVVH JHORFNW KDW XQG GD ZLU KLHU QXU HLQ SDDU 6FKDXVSLHOHU XQG 6WDWLVWHQ JHWURIIHQ KDEHQ GLH DOOH]XHLQHPJLJDQWLVFKHQ)LOP JHK|UHQ 8QG XQV KDW PDQ LQ GHU.XOLVVHYHUJHVVHQDOVGHU)LOPIHUWLJZDU© ª,FK JODXEH QLFKW GD HLQ WRWHU &RORQHO ]X HLQHP )LOP JHK|UW© HUZLGHUWH +D]HO PLW HLQHP VDUNDVWLVFKHQ /lFKHOQ ª8QGGHLQ9HWWHUGDGUDXHQLP5ROOV5R\FHZRKODXFKQLFKW© ª5LFN© (OVD 3HQQLQJ ZDU ZLHGHU 9ROO ]X VLFK JHNRPPHQ XQGZLQNWHGHQ3ULYDWGHWHNWLY]XVLFKª:DVLVWPLW*HRUJH"© ª(UUKUWVLFKQLFKW©DQWZRUWHWH5LFN0DVWHUVEHVRUJWª(OVD ZDV LVW SDVVLHUW" ,FK KDEH QLFKW JHVHKHQ ZDUXP LKU VWH KHQJHEOLHEHQVHLG© 6LH VFKLOGHUWH GLH 1HEHOZDQG LQ GLH VLH KLQHLQJHUDVW ZDUHQ ª,FK NRQQWH PLFK LQ 6LFKHUKHLW EULQJHQ DEHU *HRUJH ZXUGH YRQGHU1HEHOZDQGYHUVFKOXFNW© 5LFN VDJWH HLQ SDDU WU|VWHQGH :RUWH XQG NHKUWH ]X +D]HO ]XUFN ª6LHKW VR DXV DOV ZlUH HU LQ EHUVLQQOLFKHQ (LQIOX JHUDWHQ©EHULFKWHWHHULKUOHLVH ª,FKNDQQLKPYRUOlXILJQLFKW KHOIHQDEHU«© (U ZXUGH XQWHUEURFKHQ 'XUFK GDV 6FKOR KDOOWHQ VFKZHUH 6FKULWWH%OHFKHUQVFKHSSHUWHHVDXIGHUEUHLWHQ7UHSSHGLHYRQ GHU+DOOHLQGLHHLQ]HOQHQ(WDJHQGHV6FKORVVHVIKUWH +D]HOV+DQGXPIDWH5LFNV$UP%HEHQGGUFNWHVLFKVHLQH )UHXQGLQDQLKQ 0LWZHLWDXIJHULVVHQHQ$XJHQVWDUUWH5LFNGLH7UHSSHKLQDXI ]X GHP 3XQNW DQ GHP GHU 8QEHNDQQWH MHGHQ 0RPHQW DXI WDXFKHQPXWH
8QGGDQQEHJDQQ(OVD3HQQLQJ]XVFKUHLHQ
(OVD NRQQWH YRQ LKUHP 3ODW] DXV HLQLJH 6HNXQGHQ IUKHU VHKHQ ZHU GLH 7UHSSH KHUXQWHUNDP ,KU *HVLFKW ZDU YRU *UDXHQ HQWVWHOOW DOV VLH DXI GLH )H VSUDQJ XQG VFKZDQNHQG ]XUFNZLFK 6LH VWUHFNWH GLH +lQGH DEZHKUHQG JHJHQ GLH *HVWDOWDXVGHUHQVFKZHUH6FKULWWHGLH+DOOHHUIOOWHQ 5LFN 0DVWHUV VSUDQJ DXI GLH )UDX ]X UL VLH PLW VLFK XQG VFKRE VLH XQG +D]HO LQ HLQHQ JHVFKW]WHQ :LQNHO GHU +DOOH 'DQQWDXFKWHVHLQH+DQGXQWHUVHLQH-DFNH(UWUXJLPPHUHLQH 3LVWROHEHLVLFKGLHHUMHW]W]RJXQGHQWVLFKHUWH *HVSDQQW ZDUWHWH HU DXI GDV $XIWDXFKHQ GHV 8QEHNDQQWHQ 'LH:DIIHKLHOWHULP$QVFKODJ 6HNXQGHQ VSlWHU ZDU HV VRZHLW DXI GHU 7UHSSH VFKLPPHUWH XQG EOLW]WH HV =XHUVW HUEOLFNWH 5LFN GLH %HLQH HLQHU 5LW WHUUVWXQJ (U HULQQHUWH VLFK GD LP HUVWHQ 6WRFN PHKUHUH VROFKHU5VWXQJHQDXIGHP.RUULGRUVWDQGHQ 1RFK NRQQWH HU GDV *HVLFKW GHV 8QEHNDQQWHQ QLFKW VHKHQ 'DV 9LVLHU ZDU DXIJHNODSSW 1XU VREDOG HU VLFK XPZDQGWH KlWWHHUGHQ)UHPGHQHUNHQQHQN|QQHQ ,QGHU+DQGWUXJGHU0DQQHLQ6FKZHUWPLWHLQHUEOLW]HQGHQ .OLQJH 5LFN GXUIWH VLFK DXI NHLQHQ .DPSI HLQODVVHQ :HQQ VHLQH 3LVWROH JHJHQ GLH 5VWXQJ YHUVDJWH EOLHE LKP QXU QRFK GLH )OXFKW 'DV DUPODQJH 6FKZHUW ZDU HLQH ]X JHIlKUOLFKH :DIIHDOVGDHUGHP5LWWHUKlWWH:LGHUVWDQGOHLVWHQN|QQHQ 'HU 8QEHNDQQWH HUUHLFKWH HLQHQ 7UHSSHQDEVDW] XQG VFKZHQNWHKHUXP(LQ%OLFNLQGDV ,QQHUHGHV+HOPHV²XQG 5LFN ZXWH GD DXFK GLHVPDO NHLQ /HEHQGHU KLQWHU GHP $QVFKODJ VWHFNWH 'XUFK GDV 9LVLHU NRQQWH HU GHXWOLFK DXVPDFKHQ GD QLHPDQG LQ GHU 5VWXQJ VWHFNWH 0DJLVFKH .UlIWHWULHEHQVLHYRUDQ 0LW HLQHP JHZDOWLJHQ 6FKZHUWVFKODJ ]HUVFKPHWWHUWH GHU
JHSDQ]HUWH 8QVLFKWEDUH GDV *HOlQGHU GHU 7UHSSH 'LH 0DUPRUVWFNHIORJHQZLH*HVFKRVVHGXUFKGLH/XIW -HW]W NDQQWH 5LFN NHLQ =|JHUQ PHKU (U UL GLH 3LVWROH KRFK XQGVFKR.XJHOXP.XJHOMDJWHHUGXUFKGHQ/DXIXQGMHGHU 6FKXWUDI'LHHUVWH3DWURQHGXUFKVFKOXJGHQ+HOPGLH]ZHLWH GLH .HWWHQ DP +DOV GLH GULWWH GLH %UXVWSDQ]HUXQJ XQG VR ZHLWHU +lWWH VLFK HLQ QRUPDOHU 0HQVFK LQ GHU 5VWXQJ EHIXQGHQ ZlUH HU VSlWHVWHQV QDFK GHP GULWWHQ 6FKX WRW XPJHIDOOHQ 6R DEHU NDP GLH 5VWXQJ ZHLWHU LQ GLH +DOOH KHUXQWHU WRUNHOWHDXI(OVDXQG +D]HO]XXQGKREGDV6FKZHUW]XP W|G OLFKHQ6FKODJ 0LWHLQHP6SUXQJZDUIVLFK5LFNYRQKLQWHQDXIGLH5VWXQJ 'LH 3LVWROH HQWILHO LKP 'DV 0DJD]LQ ZDU VRZLHVR OHHU JHVFKRVVHQGLH:DIIHZHUWORV 0LW GHU .UDIW GHU 9HU]ZHLIOXQJ NODPPHUWH VLFK GHU 3ULYDW GHWHNWLY DQ GHQ HLVHUQHQ $UP PLW GHP 6FKZHUW XQG VSDQQWH VLFK DQ (V JHODQJ LKP QLFKW GLH 5VWXQJ DXFK QXU XP +DDUHVEUHLWH ]X EHZHJHQ 'HU HLVHUQH .lPSIHU ZXUGH YRQ .UlIWHQ DXIUHFKWHUKDOWHQ JHJHQ GLH NHLQ PHQVFKOLFKHV :HVHQ HWZDVDXV]XULFKWHQYHUPRFKWH +D]HO YHUVXFKWH GLH YRU $QJVW IDVW EHVLQQXQJVORVH (OVD PLW VLFK]X]HUUHQXQGDXHU5HLFKZHLWHGHV6FKZHUWHV]XEULQJHQ (VJHODQJLKUJHUDGHQRFKUHFKW]HLWLJ,QGHUQlFKVWHQ6HNXQGH VFKOXJGHUHLVHUQH.lPSIHU]X 'DV6FKZHUWSILIIGXUFKGLH/XIWXQGWUDIGHQ6WHLQERGHQDQ GHU 6WHOOH ZR HEHQ QRFK +D]HO JHVWDQGHQ KDWWH 9ROO *UDXHQ VDK 5LFN GD GLH JHWURIIHQHQ 6WHLQSODWWHQ LQ WDXVHQG 6WFNH ]HUVSUDQJHQGDV6FKZHUWMHGRFKXQYHUVHKUWEOLHE (QWVHW]W ZDUWHWH GHU 3ULYDWGHWHNWLY GDUDXI GD GHU HLVHUQH .lPSIHU]XPQlFKVWHQ$QJULIIEHUJLQJ 6WDWW GHVVHQ EHJDQQ GLH 5VWXQJ ]X ZDQNHQ EUDFK LQ GLH .QLH XQG ILHO PLW RKUHQEHWlXEHQGHP .OLUUHQ XQG 6FKHSSHUQ DXIGHQ%RGHQ%OXWVFKRDXVGHQ/|FKHUQLQGHU5VWXQJDOV
KlWWHQ5LFNV.XJHOQGRFKHLQHQOHEHQGHQ0HQVFKHQJHWURIIHQ (LQ NUDPSIKDIWHV =XFNHQ VFKWWHOWH GHQ HLVHUQHQ 5LWWHU GDQQ HUVFKODIIWH GHU DXI GHP %RGHQ $XVJHVWUHFNWH 'DV 6FKZHUW HQWILHOGHUNUDIWORVHQ+DQG =|JHUQG WUDW 5LFN 0DVWHUV QlKHU %HKXWVDP VWUHFNWH HU GLH +DQGDXVXQGEHIKOWHGDV,QQHUHGHV+HOPHV(UVWQDFKGHPHU VLFKGDYRQEHU]HXJWKDWWHGDLQGHU5VWXQJNHLQ/HEHZHVHQ VWHFNWHDXFKNHLQXQVLFKWEDUHVDWPHWHHUDXI (U KDWWH NHLQH (UNOlUXQJ GDIU ZRKHU GDV %OXW NDP DXFK QLFKW ZLHVR HLQH OHHUH 5VWXQJ JHKHQ XQG NlPSIHQ NRQQWH $EHUHUZXWHGDVLFKDOOH$NWLRQHQJHJHQVLHULFKWHWHQ (V PXWH HLQHQ *UXQG JHEHQ ZHVKDOE GLH EHUVLQQOLFKH 0DFKW GLH KLHU DP :HUN ZDU GDV JHVDPWH 3HUVRQDO XQG DOOH *lVWH GHV 6FKORKRWHOV EHVHLWLJW KDWWH XP DOOHLQ 5LFN +D]HO *HRUJH XQG (OVD ]X EHNlPSIHQ 6REDOG 5LFN GLHVHQ *UXQG NDQQWHZDUGHU)DOOJHO|VW 'RFKELVGDKLQZDUHVQRFKHLQZHLWHUXQGJHIlKUOLFKHU:HJ
+D]HO EHPKWH VLFK XP (OVD GLH NDXP QRFK DQVSUHFKEDU ZDU ,Q]ZLVFKHQ GHPRQWLHUWH 5LFN 0DVWHUV GLH 5VWXQJ XQG YHUVWUHXWH GLH (LQ]HOWHLOH EHUDOO LQ GHU +DOOH XQG GHQ DQJUHQ]HQGHQ 5lXPHQ 'DV 6FKZHUW KlWWH HU DP OLHEVWHQ ]HU VW|UWGRFKHLQHUVHLWVZDUHVVHKUNRVWEDUXQGDQGHUHUVHLWVJDE HV LQ GLHVHP 6FKOR 'XW]HQGH YRQ 0RUGZDIIHQ 'LH 9HUQLFKWXQJ HLQHU HLQ]LJHQ ZUGH LKP NHLQHUOHL 9RUWHLOH EULQJHQ ª,FKVHKHQDFK*HRUJH©ULHIHU+D]HO]XVREDOGHUPLWVHLQHU $UEHLWIHUWLJZDUXQGYHUOLH3HQIRUG&DVWOH (UVWDXQWVWHOOWHHUIHVWGDHVEHUHLWVGlPPHUWH'HU0RUJHQ ZDU QLFKW PHKU IHUQ ,P 2VWHQ IlUEWH VLFK GHU +LPPHO VFKRQ KHOOURW 'HU5ROOV5R\FHVWDQGQRFKLPPHUDQGHUVHOEHQ6WHOOH$XFK
*HRUJHV+DOWXQJKDWWHVLFKQLFKWYHUlQGHUW $OV5LFN0DVWHUVHUQHXWYHUVXFKWH.RQWDNW]XVHLQHP9HWWHU DXI]XQHKPHQKDWWHHUZLHGHUGDV*HIKOPLWHLQHU6WHLQVWDWXH ]X VSUHFKHQ (U ZDU DXFK QLFKW LQ GHU /DJH GHQ 0DQQ KLQWHU GHP6WHXHUKHUYRU]X]HUUHQ ª'DQQHEHQQLFKW©PXUPHOWH5LFNXQGEHWUDFKWHWHYHUELVVHQ GHQ:DJHQ (OVD KDWWH HWZDV YRQ HLQHU 1HEHOZDQG HUZlKQW LQ GLH VLH KLQHLQJHIDKUHQVHLHQ9LHOOHLFKWKDOIHVZHQQ5LFNGHQ:DJHQ YRQVHLQHPJHJHQZlUWLJHQ6WDQGRUWHQWIHUQWH (UNOHWWHUWHDXIGHQ%HLIDKUHUVLW]XQGVWUHFNWHGLH+DQGQDFK GHP=QGVFKOVVHODXV *OHLFK]HLWLJ WUDW HU GLH .XSSOXQJ XQG OHJWHGHQ5HWRXUJDQJHLQ (V ZDU VFKZLHULJ EHU *HRUJH KLQZHJ GHQ :DJHQ ]X EHGLHQHQ DEHU VFKOLHOLFK JHODQJ HV 5LFN GHQ 5ROOV 5R\FH UFNZlUWVUROOHQ]XODVVHQ %HUHLWVQDFK]ZHL:DJHQOlQJHQIKOWHGHU3ULYDWGHWHNWLYZLH VHLQ9HWWHUDXVGHU(UVWDUUXQJHUZDFKWH(UKLHOWGHQ:DJHQDQ XQGZDQGWHVLFKJULQVHQGDQ*HRUJH ª1D PHLQ /LHEHU"© IUDJWH HU ª:LH LVW GDV PLW PHLQHQ 0HWKRGHQ"+lOWVWGXMHW]WPHKUYRQLKQHQ"© *HRUJH 3HQQLQJV *HVLFKW EHGHFNWH VLFK PLW 6FKZHL 1DFKWUlJOLFK]HLJWHVLFKGDV*UDXHQGDVHUGXUFKOLWWHQKDWWH ª5LFN²LFK²LFKZDU²JHIDQJHQ©NHXFKWHHUª,QHLQHU 1HEHOZDQG JHIDQJHQ (V ZDU JUDXHQKDIW ,FK KDEH GLFK JHUXIHQXQGGLUJHZXQNHQDEHUGXKDVWPLFKQLFKWJHVHKHQ© ª'XKDVWGLHJDQ]H=HLWVWLOOKLQWHUGHP6WHXHUJHVHVVHQ©JDE 5LFN ]XUFN VWLHJ DXV XQG XPUXQGHWH GHQ :DJHQ ª5XWVFK UEHU LFK YHUVXFKH HV VHOEVW HLQPDO© VDJWH HU XQG VFKRE VLFK KLQWHUGDV/HQNUDG *HRUJH 3HQQLQJ NODPPHUWH VLFK lQJVWOLFK DQ GHP +DOWHJULII YRUQ DP $UPDWXUHQEUHWW IHVW DOV 5LFN VLFK GHP +DXSWSRUWDO QlKHUWH 6LH ZDUHQ QRFK GUHL :DJHQOlQJHQ GDYRQ HQWIHUQW DOV HLQH
XQGXUFKGULQJOLFKH 1HEHOZDQG YRU GHP .KOHU DXIWDXFKWH XQG GLH:HLWHUIDKUWYHUVSHUUWH 5LFN UDPPWH GHQ )X DXI GLH %UHPVH (U ZROOWH QLFKW GLH JOHLFKH (UIDKUXQJ ZLH VHLQ 9HWWHU PDFKHQ XQG ZRP|JOLFK VWXQGHQODQJ LQ GHU *HZDOW GHV hEHUVLQQOLFKHQ DOV *HIDQJHQHU YHUEULQJHQ (U ZHQGHWH GHQ 5ROOV 5R\FH XQG VWHOOWH LKQ YRU GHP6FKORDE (OVD ILHO LKUHP 0DQQ VFKOXFK]HQG XP GHQ +DOV DOV HU GLH +DOOH EHWUDW +D]HO O|VFKWH LQGHVVHQ VlPWOLFKH /LFKWHU 'LH 6RQQH ZUGH EDOG DXIJHKHQ HV ZDU KHOO JHQXJ XP DOOH (LQ]HOKHLWHQ]XHUNHQQHQ (LQ VFK|QHU VRQQLJHU 7DJ NQGLJWH VLFKDQ (V ZDU HLQ IU 6FKRWWODQG VRJDU XQJHZ|KQOLFK SUDFKWYROOHU 7DJ1XUGLHYLHU*HIDQJHQHQYRQ3HQIRUG&DVWOHNRQQWHQLKQ QLFKW JHQLHHQ ZHLO VLH QRFK QLFKW DKQWHQ ZDV DOOHV DXI VLH ]XNDP ª,FK ELQ GDIU GD ZLU HUVW HLQPDO )UKVWFN PDFKHQ© ULHI +D]HO.HQWXQGNODWVFKWHLQGLH+lQGHª:HUKLOIWPLU"© ª$OOH©DQWZRUWHWH5LFNXQGVFKORVLFKLKUVRIRUWDQ (VVWHOOWHVLFKKHUDXVGDNHLQHUDOOHLQEOHLEHQZROOWH,KQHQ DOOHQVWHFNWHQGLH6FKUHFNHQGHU1DFKWQRFKLQGHQ*OLHGHUQ %HLP )UKVWFN EHUOHJWHQ VLH ZDV VLH MHW]W WXQ NRQQWHQ GRFK QLHPDQGHP ILHO HWZDV *HVFKHLWHV HLQ +D]HO KDWWH GHQ YHUQQIWLJVWHQ(LQIDOO ª:LUUXKHQXQVDXVZlKUHQGHLQHULPPHUZDFKW©VFKOXJVLH YRU ª:LU KDEHQ GLH JDQ]H 1DFKW NHLQ $XJH ]XJHWDQ :HU ZHLZLHODQJHGLHVHU =XVWDQGQRFKDQKlOW /HEHQVPLWWHOJLEW HVKLHUJHQXJDEHURKQH6FKODIN|QQHQZLUQLFKWDXVNRPPHQ© 'LHDQGHUHQVWLPPWHQLKUHU,GHH]X5LFNEHUQDKPGLHHUVWH :DFKH XQG OLH VLFK YRQ *HRUJH DEO|VHQ 8P ]Z|OI 8KU PLWWDJVZDU+D]HODQGHU5HLKHXQGGLHOHW]WH:DFKHILHO(OVD ]X 8PVHFKV8KUDEHQGVZXUGH5LFNYRQ+D]HOJHZHFNW ª'DV 'LQQHULVWIHUWLJ©PHOGHWHVHLQH)UHXQGLQPLWJHVSLHOWHU:UGH
XQG LPLWLHUWH HLQHQ VWHLIHQ DOWHQ %XWOHU GHU WUDGLWLRQHOOHQ 6FKXOH 6LH ZROOWH GLH DXVVLFKWVORVH 6LWXDWLRQ GXUFK HLQHQ 6FKHU]EHUVSLHOHQª'DUILFKELWWHQ6LU© 6W|KQHQG VWHPPWH VLFK 5LFN 0DVWHUV KRFK ª:HLW GX GDV LFK JHWUlXPW KDEH"© IUDJWH HU lFK]HQG ª,FK KDEH GRFK WDWVlFKOLFKJHWUlXPWGDLFK8UODXEDXIHLQHP6FKORPDFKHQ ZROOWH 8QG DOV LFK GRUW HLQWUDI VWHOOWH VLFK KHUDXV GD HV HLQ 6SXNVFKORZDUVRGDLFKVWDWWHLQHV8UODXEVHLQHQQHXHQ)DOO DP+DOVKDWWH© ª:LH WUDJLVFK© +D]HO OlFKHOWH WDSIHU ª:HU KDW HLJHQWOLFK EHKDXSWHWGD7UlXPH6FKlXPHVLQG"© ª,FKEHVWLPPWQLFKW©5LFNHUKREVLFKXQGOHJWHVHLQHQ$UP XPGLH6FKXOWHUQVHLQHU)UHXQGLQª+DWKLHUMHPDQGHWZDVYRQ 'LQQHUJHVDJW",FKELQKXQJULJZLHHLQ:ROI©
5LFNXQG+D]HOKLHOWHQVLFKQRFKDPEHVWHQ*HRUJHXQG(OVD ZDUHQY|OOLJPLWGHQ1HUYHQIHUWLJ ª:LH PDFKW LKU HV QXU GD LKU VR UXKLJ EOHLEW"© MDPPHUWH (OVD QDFK GHP (VVHQ GDV GHQ 8PVWlQGHQ HQWVSUHFKHQG HLQ IDFKDEHUVHKUUHLFKOLFKJHZHVHQZDU ª,KU WXW VR DOV JlEH HV EHUKDXSWNHLQH$QJVW© ª2 GRFK© HUZLGHUWH +D]HO .HQW OlFKHOQG ª:LU KDEHQ QXU VFKRQ HLQ SDDUPDO HLQH lKQOLFKH 6LWXDWLRQ HUOHEW XQG ZLVVHQ GD ZLU XQVHUH .UlIWH VFKRQHQ PVVHQ :LU GUIHQ XQV QLFKW VFKRQYHUUFNWPDFKHQEHYRUHVULFKWLJORVJHKW© ª5LFKWLJORVJHKW"©ZLHGHUKROWH(OVDXQGHUEOHLFKWHª0HLQHQ 6LHGHQQ0UV.HQWGDQRFKHWZDVSDVVLHUHQZLUG"© ª6HOEVWYHUVWlQGOLFK© DQWZRUWHWH 5LFN DQ LKUHU 6WHOOH ª:LU VLQG DXI 3HQIRUG &DVWOH JHIDQJHQ XQG GDIU JLEW HV HLQHQ *UXQG(KHZLUGLHVHQ*UXQGQLFKWNHQQHQ N|QQHQ ZLU NDXP HWZDV]XXQVHUHU5HWWXQJWXQ© ª$EHU ZHU KlOW XQV GHQQ JHIDQJHQ"© PLVFKWH VLFK *HRUJH
HLQ ª,FK JHEH ]X GD LFK NHLQHQ 5DW PHKU ZHL 'HLQH 0HWKRGHQ5LFNVFKHLQHQGRFKEHVVHU]XVHLQDOVPHLQH© ª9RUOlXILJNDQQLFK DXFKQLFKWV XQWHUQHKPHQ© ZLQNWH 5LFN DE ª$EHU XP DXI GHLQH )UDJH ]XUFN]XNRPPHQ ZHU XQV JHIDQJHQKlOW ,FK ZHL HV QLFKW (V NDQQ HLQ =XIDOO VHLQ GD ZLULQHLQH)DOOHJHODXIHQVLQG(VLVWP|JOLFKGDXQVMHPDQG DXIJHODXHUWKDWGHUPLFKYHUQLFKWHQZLOO,FKKDEHGHP%|VHQ VFKRQ JURHQ 6FKDGHQ ]XJHIJW XQG KDEH GDKHU YLHOH )HLQGH LP /DJHU GHU 6FKZDU]HQ 0DJLH XQG GHU 6DWDQVMQJHU ,FK VFKODJH YRU GD ZLU HLQHQ 5XQGJDQJ GXUFK GDV 6FKOR PDFKHQ 'DQQ HUIDKUHQ ZLU DP HKHVWHQ ZDV KLQWHU DOOHP VWHFNW© ª,FKEOHLEHPLW(OVDKLHU©HQWVFKLHG+D]HOª:LUEHREDFKWHQ GLH+DOOHXQGGHQ3DUNYRUGHP6FKOR© 5LFNYHUVWDQGLKUH$EVLFKW6LHZROOWH(OVDVFKRQHQGLHYRQ DOOHQGLHVFKZlFKVWHQ1HUYHQ]XKDEHQVFKLHQ*HPHLQVDPPLW *HRUJH VWLHJ HU KLQDXI LQ GHQ HUVWHQ 6WRFN XQG EHJDQQ VHLQHQ 5XQGJDQJ 6LH IDQGHQ GDV 3RGHVW DXI GHP IUKHU GLH 5LWWHUUVWXQJ JHVWDQGHQKDWWHGLHVLHJHVWHUQDQJHJULIIHQKDWWH,QDOOHQ=LP PHUQGHV6FKORVVHVJDEHV$Q]HLFKHQGDIUGDGLH0HQVFKHQ LQK|FKVWHU(LOHDXIJHEURFKHQZDUHQXQGJDUNHLQH=HLWJHKDEW KDWWHQLKUH6DFKHQLQ2UGQXQJ]XEULQJHQ(WOLFKHYHUTXDOPWH =LJDUHWWHQ ODJHQ DXI GHQ )XE|GHQ 1XU GXUFK JOFNOLFKH =XIlOOHKDWWHHVNHLQHQ%UDQGJHJHEHQ ª$OV RE VLFK GLH /HXWH YRQ HLQHU 6HNXQGH DXI GLH DQGHUH LQ /XIW DXIJHO|VW KlWWHQ© PXUPHOWH *HRUJH ª5LFN LFK VDJH GLU GD LFK PLU NHLQHQ 5HLP DXI GLH *HVFKLFKWH PDFKHQ NDQQ (KUOLFK MHW]W JODXEH LFK VRJDU GD LUJHQGZHOFKH *HLVWHU GDKLQWHUVWHFNHQ© ª'DQQELVWGXHLQVLFKWLJHUDOV&KHILQVSHNWRU+HPSVKDZYRQ 6FRWODQG
7HOHIRQ KlWWHQ (U LVW HLQ VWXUHU 3ROL]LVW DEHU HLQ JXWHU GD]X %HYRUHUMHGRFK]XJLEWGDEHUVLQQOLFKH.UlIWHLP6SLHOVLQG PXHVQRFKGLFNHUNRPPHQ© ª'DVK|UWVLFKDQDOVZlUHQGLHVHU&KHILQVSHNWRU+HPSVKDZ XQG PHLQ &KHI LQ 6LGQH\ =ZLOOLQJVEUGHU© ULHI *HRUJH XQG ODFKWHª%HLGHKDEHQHLQHVJHPHLQVDP«© (UYHUVWXPPWHDOVYRUGHP6FKORHLQ GRQQHUQGHV .UDFKHQ HUVFKROO ,P QlFKVWHQ 0RPHQW ]XFNWH HLQH 6WLFKIODPPH GXUFK GLH'XQNHOKHLWGHVKHUHLQEUHFKHQGHQ$EHQGV ª+D]HO©VFKULH5LFN0DVWHUVDXI (UVWU]WHDQV)HQVWHUXQGEHXJWHVLFKZHLWKLQDXV 8QWHQDP+DXSWSRUWDOVWDQGHLQ:DJHQLQ)ODPPHQ(VZDU JHQDX MHQH 6WHOOH DQ GHU YRU IDVW YLHUXQG]ZDQ]LJ 6WXQGHQ +D]HOV5ROOV5R\FHVWHKHQJHEOLHEHQZDU 'LHVPDO ZDU HV HLQ DPHULNDQLVFKHU 6WUDHQNUHX]HU (U ZDU PLW YROOHU :XFKW JHJHQ GLH VWHLQHUQHQ 3IHLOHU GHV 3RUWDOV JHSUDOOW 'LH .KOHUKDXEH ZDU LQ VLFK ]XVDPPHQJHVFKREHQ GHUJDQ]H:DJHQDXIGLH6HLWHJHNLSSW ª+D]HO© 5LFN VFKULH GHQ 1DPHQ JHJHQ GDV 3UDVVHOQ GHU )ODPPHQ (U NRQQWH QLFKW PHKU UHFKW]HLWLJ GHQ :DJHQ HUUHLFKHQ XP GHU )DKUHULQ ]X KHOIHQ 7URW]GHP VFKQHOOWH HU KHUXPXQGUDQQWHZLHYRQ)XULHQJHKHW]WGLH7UHSSHKLQXQWHU GXUFKTXHUWHGLH+DOOHXQGMDJWHDXIGDVEUHQQHQGH:UDFN]X ª%OHLEGRFKKLHU5LFN©K|UWHHUKLQWHUVLFK*HRUJHV6WLPPH $OV HU GLH )ODPPHQ HUUHLFKWH EOLHE HU UDWORV VWHKHQ 6HLQH 6FKXOWHUQVDFNWHQKHUXQWHU7UlQHQIOOWHQVHLQH$XJHQ(VZDU XQP|JOLFK DXFK QXU HLQHQ 6FKULWW QlKHU DQ GDV :UDFN KHUDQ]XJHKHQ'LH+LW]HWULHELKQ]XUFN=XPO|VFKHQIHKOWHQ VlPWOLFKH*HUlWH +LQWHU GHP 6WHXHU HUNDQQWH HU HLQH OHEORVH *HVWDOW GLH ODQJVDPLQGHQ)ODPPHQYHUJOKWH ª:DUXP UHJVW GX GLFK VR DXI"© IUDJWH LQ GLHVHP 0RPHQW *HRUJHGLFKWQHEHQLKPª(VLVWGRFKQLFKWGHLQ:DJHQ© (QWJHLVWHUWKRE5LFNGHQ.RSIXQG VWDUUWH VHLQHP 9HWWHU LQV
*HVLFKW ª:DVKDVWGX JHVDJW"© IOVWHUWH HU ª8QG ZDV LVW PLW +D]HO"© ª:HL LFK QLFKW© JDE *HRUJH ]XUFN ª,P :DJHQ VLW]W VLH MHGHQIDOOVQLFKW6LHKVWGXGHQQQLFKWGDHUOHHULVW"© 5LFNV .RSI ]XFNWH KHUXP 1RFK HLQPDO ULFKWHWH HU VHLQHQ %OLFN DXI GLH EUOOHQGHQ )ODPPHQ 'LHVPDO HUNDQQWH HU GHXWOLFK GD QLHPDQG LP :DJHQ VD XQG DXFK QLFKW YRU GHP %UDQG GDULQ JHVHVVHQ KDWWH 'LH EHUVLQQOLFKH 0DFKW GLH KLHU DP:HUNZDUKDWWHLKQJHWlXVFKW :R DEHU ZDU +D]HO ZLUNOLFK" 6LH KDWWH JHPHLQVDP PLW (OVD HLQHQ 5XQGJDQJ XP GDV 6FKOR XQWHUQHKPHQ ZROOHQ XQG ZDU ELVKHUQRFKQLFKW]XUFNJHNHKUW ª.RPP ZLU VXFKHQ VLH© ULHI 5LFN XQG OLHI UHFKWV KHUXP $XIVHLQH=HLFKHQKLQVFKOXJ*HRUJHGLHDQGHUH5LFKWXQJHLQ ª+LQWHUGHP6FKORWUHIIHQZLUXQV© 5LFN GUDQJ UDVFK YRU XP GDV OHW]WH 7DJHVOLFKW DXV]XQW]HQ (UKDWWHNHLQH7DVFKHQODPSHEHLVLFK 'LHVHU 7HLO GHV 6FKORSDUNV ZDU VHKU JHSIOHJW VR GD GLH hEHUSUIXQJ NHLQH 6FKZLHULJNHLWHQ EHUHLWHWH (U EUDXFKWH QXU KLQWHU GLH VRUJIlOWLJ DQJHOHJWHQ +HFNHQ ]X EOLFNHQ XP ]X VHKHQREVLFKGRUWMHPDQGYHUVWHFNWKLHOW(UNDPUDVFKYRUDQ XQGWUDIKLQWHUGHP6FKORDXIVHLQHQ9HWWHU ª'X KDVW VLH DXFK QLFKW JHVHKHQ"© 6RIRUW ZDU 5LFNV 6RUJH ZLHGHUHUZDFKWª:RN|QQHQVLHVWHFNHQ"© ª,P 6FKOR© PHLQWH *HRUJH XQEHKDJOLFK ªhEULJHQV LFK KDEH GRUW KLQWHQ HLQHQ VFKPDOHQ *UDEHQ HQWGHFNW GHU YRP 6FKOR ZHJIKUW $EHU LFK KDEH PLFK QLFKW ZHLWHU GDUXP JHNPPHUW© ª'LH +RWHOPDQDJHULQ KDW PLU HWZDV YRQ GLHVHP *UDEHQ HU]lKOW©DQWZRUWHWH5LFN]HUVWUHXW ,P 0RPHQW PDFKWH HU VLFK XP GLH EHLGHQ )UDXHQ YLHO ]X JURH 6RUJHQ DOV GD HU GLHVHP *UDEHQ ZHLWHU QDFKJHJDQJHQ ZlUH ª.RPPZLUVHKHQLP+DXVQDFK©
*HRUJH 3HQQLQJ ZDUWHWH VHLQH $QWZRUW JDU QLFKW HUVW DE VRQGHUQOLHIYRUDQhEHUGLHKLQWHUH7HUUDVVHGUDQJHQVLHLQGLH %LEOLRWKHNGHV6FKORKRWHOVHLQ +LHU GULQQHQ ZDU HV EHUHLWV VR GXQNHO GD PDQ GLH +DQG QLFKW PHKU YRU GHQ $XJHQ VHKHQ NRQQWH *HRUJH WDVWHWH QDFK GHP/LFKWVFKDOWHUXQGGUFNWHLKQ 5LFN GHU VFKRQ HLQ SDDU 6FKULWWH LQ GHQ 5DXP KLQHLQ JHWDQ KDWWH VWRFNWH 0LWWHQ DXI GHP 7HSSLFK ODJ HLQH YHUNUPPWH *HVWDOW(UVDKZHLH+DDUHLP7HSSLFKYHUNUDOOWH+lQGHXQG HLQYHU]HUUWHV*HVLFKW ª&RORQHO5LSOH\©PXUPHOWHGHU3ULYDWGHWHNWLYª:LHNRPPW HUKLHUKHU"© -HW]WVDKDXFK*HRUJHGLH/HLFKH(UNQLHWHQHEHQGHP7RWHQ QLHGHUXQGXQWHUVXFKWHLKQJHQDX ª,FK NDQQ NHLQH 9HUOHW]XQJHQ IHVWVWHOOHQ© VDJWH HU DOV HU VLFKZLHGHUDXIULFKWHWHª6LHKWIDVWVRDXVDOVZlUHGHU&RORQHO HLQHVQDWUOLFKHQ7RGHVJHVWRUEHQ© ª,FK JODXEH HKHU HU KDW GLH :DKUKHLW EHU 3HQIRUG &DVWOH HUNDQQWXQGLVWGDUDQJHVWRUEHQ©PXUPHOWH5LFN0DVWHUV ª0DOHQLHGHQ7HXIHODQGLH:DQG©ULHI*HRUJHHUVFKURFNHQ DXV ª'DV ZUGH MD EHGHXWHQ GD ZLU DXFK VWHUEHQ PVVHQ ZHQQZLUGLH:DKUKHLWKHUDXVEHNRPPHQ© ª=XHUVWPVVHQZLUGLHEHLGHQ)UDXHQILQGHQ© 5LFNULVLFKJHZDOWVDPYRQGHP$QEOLFNGHV7RWHQORVXQG OLHI ZHLWHU LQ GLH +DOOH ZR +D]HO XQG (OVD UXKLJ DXI GHU 6LW]JDUQLWXUVDHQXQGLQ=HLWVFKULIWHQEOlWWHUWHQ ª*HRUJH©ULHI5LFNHUOHLFKWHUWª6LHVLQGKLHU© ª1DWUOLFKVLQGZLUKLHU©DQWZRUWHWH+D]HO.HQWYHUZXQGHUW ª:LUKDEHQXQVGLHJDQ]H=HLWQLFKWYRQGHU6WHOOHJHUKUW©
(QWJHLVWHUW VWDUUWH 5LFN 0DVWHUV DXI VHLQH )UHXQGLQ GDQDFK DXI(OVD
ª8QGZDVLVWPLWGHP:DJHQGRUWGUDXHQ"©IUDJWHHUª0LW GLHVHPDPHULNDQLVFKHQ6WUDHQNUHX]HU"© ª:LU ZROOWHQ GDPLW ZHJIDKUHQ© JDE +D]HO ]X ª$EHU DP 3RUWDO LVW GHU 0RWRU HLQIDFK VWHKHQJHEOLHEHQ $OVR VLQG ZLU DXVJHVWLHJHQXQG]XUFN]XP6FKORJHJDQJHQ© ª'HU:DJHQLVWDXVJHEUDQQW©HU|IIQHWHLKU5LFN +D]HO EOLFNWH LKQ YHUEOIIW DQ VSUDQJ DXI XQG UDQQWH ]XP )HQVWHU ,KUH $XJHQ ZHLWHWHQ VLFK LQ XQJOlXELJHP (UVWDXQHQ DOVVLHGDVYHUNRKOWH:UDFNHQWGHFNWH ª8QG LQ GHU %LEOLRWKHN OLHJW GLH /HLFKH GHV &RORQHOV© IXKU 5LFNIRUWª(ULVWDOVHLQ]LJHUYRQDOOHQZLHGHUDXIJHWDXFKW© +D]HO YHUODQJVDPWH GHQ 6FKULWW XQG EHWUDW QXU ]|JHUQG GLH %LEOLRWKHN5LFNIROJWHLKU *HRUJH ULFKWHWH VLFK VRHEHQ DXI ª'DV KLHU KDW XQWHU GHP 7RWHQJHOHJHQ©VDJWHHUXQGVWUHFNWH5LFNHLQGLFNHV%XFKHQW JHJHQª(LQ*HVFKLFKWVZHUNEHUGLHVH*HJHQGKLHU9LHOOHLFKW JLEWHVHLQHQ$QKDOWVSXQNW© ª(LQ %XFK XQWHU GHU /HLFKH" 6RUJIlOWLJ EOlWWHUWH 5LFN 0DVWHUV GDV *HVFKLFKWVEXFK GXUFK NRQQWH DEHU DXI $QKLHE QLFKWV HQWGHFNHQ ª,FK ZHUGH HV VSlWHU GXUFKVHKHQ (UVW PVVHQZLUXQVXPGLH/HLFKHNPPHUQ© (V JDE HLQH NOHLQH .DSHOOH LQ HLQHP 6HLWHQIOJHO 'RUWKLQ EUDFKWHQ VLH GHQ WRWHQ &RORQHO XQG OHJWHQ LKQ DXI HLQH %DQN 5LFNXQG*HRUJHVDKHQHLQDQGHUIUDJHQGDQ ª:LU N|QQHQ LKQ QLFKW ODQJH KLHU OLHJHQ ODVVHQ© PHLQWH *HRUJH ª/D GLU HWZDV HLQIDOOHQ ZLH ZLU GLH 3ROL]HL YHU VWlQGLJHQN|QQHQ© ª,FKZHLOHLGHUDXFKNHLQHQ5DW©JHVWDQG5LFN0DVWHUVHLQ ª%LVKHU KDEH LFK QRFK NHLQHQ VR VHOWVDPHQ )DOO HUOHEW 6FKHLQEDUVWLPPWQLFKWV]XVDPPHQ© 6LHNHKUWHQ]XGHQEHLGHQ )UDXHQ]XUFNXQG+D]HOPDFKWH GHQ9RUVFKODJVLFKQRFKHLQPDODOOHV]XEHUOHJHQ ª9LHOOHLFKW KDEHQ ZLU QXU HLQH .OHLQLJNHLW EHUVHKHQ GLH HQWVFKHLGHQG LVW© EHUOHJWH VLH ª$OVR ZLH KDW DOOHV DQJH
IDQJHQ"© ª*HRUJH XQG LFK ZLU ZROOWHQ 8UODXE LQ HLQHP DOWHQ 6FKOR PDFKHQ©ILQJ(OVD3HQQLQJDQ ª8QG LFK KDWWH JHUDGH LQ GHU =HLWXQJ YRQ GHU (U|IIQXQJ GLHVHV6FKORKRWHOVKLHULQ3HQIRUG&DVWOHJHOHVHQ©IXKU5LFN 0DVWHUV IRUW ª(V LVW DOVR UHLQHU =XIDOO GD ZLU KLHU JHODQGHW VLQG© 'LH0DQDJHULQZLOOJHVHKHQKDEHQZLHVLFKGHU'RSSHOJlQ JHU HLQHV .HOOQHUV LQ HLQ 6NHOHWW YHUZDQGHOWH XQG GDQDFK HLQIDFK YHUVFKZDQG© +D]HO .HQW EOLFNWH 5LFN HUZDUWXQJVYROO DQª'DVZDUQRFKYRUXQVHUHP(LQWUHIIHQJHVFKHKHQ© ª+DWWH DOVR QLFKWV GLUHNW PLW XQV ]X WXQ© HUJlQ]WH GHU 3ULYDWGHWHNWLY ª,FK VHOEVW NRQQWH GDV JOHLFKH 3KlQRPHQ EH REDFKWHQ (V VFKHLGHW DXV GD XQV GLH 0DQDJHULQ HWZDV YRUJHORJHQKDWXPVLFKZLFKWLJ]XPDFKHQ ,QGLHVHP6FKOR VSXNWHVWDWVlFKOLFK© ª'DQQ ZXUGH GLH /HLFKH GHV &RORQHOV JHIXQGHQ© QDKP *HRUJH 3HQQLQJ GHQ )DGHQ DXI ª6HLQ %XWOHU EHULFKWHWH GHU &RORQHO KDEH XQPLWWHOEDU YRU VHLQHP 7RG PLW MHPDQGHP JHVSURFKHQ GHQ HU PLW 1HYLOOH DQUHGHWH 1HYLOOH KHLW VHLQ %XWOHU :LU N|QQHQ DQQHKPHQ GD ZLHGHU HLQ 'RSSHOJlQJHU XQWHUZHJVZDU© ª8QPLWWHOEDU QDFK GLHVHP =ZLVFKHQIDOO YHUVFKZLQGHQ GLH EULJHQ*lVWHXQGGDV3HUVRQDO1XUZLUYLHUEOLHEHQ]XUFN© 5LFN0DVWHUVULHEVLFKPLWGHP+DQGUFNHQEHUGLH6WLUQXQG YHUVXFKWH VLFK ]X NRQ]HQWULHUHQ ª:HU NDQQ PLU GDIU HLQHQ YHUQQIWLJHQ*UXQGVDJHQ"© ª-HPDQG P|FKWH XQV TXlOHQ XQG XPEULQJHQ© VDJWH (OVD ]LWWHUQG6LHGUlQJWHVLFKVFKXW]VXFKHQGDQLKUHQ0DQQ ª0DQ KDWXQVYRQGHQDQGHUHQLVROLHUWXPXQV]XIROWHUQXQG«© ª'DQQ KlWWH PDQ XQV HLQIDFK HQWIKUW© IXKU 5LFN GD]ZL VFKHQª:R]XGDQQGLHVHU$XIZDQG"© ª5HLQHU =XIDOO© QDKP *HRUJH 3HQQLQJ DQ ª:DV VROOWH HV VRQVWVHLQ5LFN"©
ª'DVZDUNHLQ=XIDOO©EHKDXSWHWHGHU3ULYDWGHWHNWLYª:HQQ LFKQXUZWHZHVKDOEDXVJHUHFKQHWZLUYLHU«© ª:LU ZHUGHQ IU HLQH EHVRQGHUH $XIJDEH JHEUDXFKW© YHUPXWHWH+D]HO.HQW ª)U HWZDVZDVQXU ZLU YLHU HUOHGLJHQ N|QQHQ© ª'DVLVWHV©ULHI5LFN0DVWHUVDXVª'DVPXHVVHLQ© ª:HOFKH $XIJDEH"© *HRUJH 3HQQLQJ EOLFNWH LKQ ]ZHLIHOQG DQ ª+DVW GX DXFK QXU GLH JHULQJVWH $KQXQJ ZRUXP HV JHKW" 8QGZHUXQVHLQH$XIJDEHVWHOOHQP|FKWH"© ª'DV %XFK GDV ZLU EHL GHU /HLFKH GHV &RORQHOV JHIXQGHQ KDEHQ© 5LFN 0DVWHUV KLHOW GHQ GLFNHQ :lO]HU KRFK ª(V KDQGHOW YRQ GHU *HVFKLFKWH GHV 6FKORVVHV XQG VHLQHU 8PJHEXQJ,FKZHWWHKLHUILQGHQZLUHLQHQ$QKDOWVSXQNW© ª8QG GDQQ LVW GD QRFK GLHVHU *UDEHQ© HULQQHUWH LKQ +D]HO ª(UN|QQWHHEHQIDOOVHLQH%HGHXWXQJKDEHQ© ª5LFKWLJ©QLFNWHGHU3ULYDWGHWHNWLYª(LQDOWHU0DQQGHULKQ JH]RJHQ KDW HUOLWW DQJHEOLFK HLQHQ 6FKODJDQIDOO XQG ZXUGH LQ HLQ.UDQNHQKDXVHLQJHOLHIHUW:HUZHLREGDVVWLPPW© ª:LUZHUGHQHVKHUDXVILQGHQ© 5LFN0DVWHUVVFKOXJGDV%XFKDXIXQGEHJDQQGLHHLQ]HOQHQ 6HLWHQ]XEHUIOLHJHQ +D]HO .HQW IRUVFKWH LQ GHU 6FKORELEOLRWKHN QDFK XQG IDQG QRFK GUHL $XVJDEHQ GLHVHV :HUNHV VR GD DXFK *HRUJH XQG (OVD XQG VLH VHOEVW 5LFN EHL VHLQHU 6XFKH QDFK HLQHP $QKDOWVSXQNWKHOIHQNRQQWHQ 8P0LWWHUQDFKWZDUHQVLHIHUWLJ ª8PVRQVW©PXUPHOWH5LFNª,FKKDEHQLFKWVJHIXQGHQ© ª6R YLHO EHU HQJOLVFKH *HVFKLFKWH KDEH LFK LQ PHLQHP JDQ]HQ /HEHQ QLFKW JHOHVHQ© VHXI]WH *HRUJH ª$EHU HQWGHFNW KDEHLFKDXFKQLFKWV© (OVDVFKWWHOWHQXUGHQ.RSIVWUHFNWHVLFKDXIHLQHP6RIDLQ GHU+DOOHDXVXQGZDULPQlFKVWHQ0RPHQWHLQJHVFKODIHQ +D]HOULHEVLFKGLH JHU|WHWHQ $XJHQ ª,FK JODXEH LFK ZHUGH QLH ZLHGHU HLQ %XFK LQ GLH +DQG QHKPHQ© lFK]WH VLH ª1HLQ
LFKKDEHDXFKQLFKWVHQWGHFNW© ª'DVKHLWGDZLUZDKUVFKHLQOLFKQLFKW IlKLJ VLQG GLH XQV JHVWHOOWH$XIJDEH]XO|VHQ©PXWPDWH5LFN0DVWHUV (U KDWWH NDXP DXVJHVSURFKHQ DOV HLQ OHLFKWHV %HEHQ GDV 6FKORHUVFKWWHUWH (OVD 3HQQLQJ IXKU PLW HLQHP $XIVFKUHL KRFK XQG DXFK GLH DQGHUHQ ULFKWHWHQVLFK HUVFKURFNHQ DXI DEHU HKH VLH HWZDV WXQ NRQQWHQHUORVFKHQVlPWOLFKH/LFKWHU 5LFN 0DVWHUV +D]HO .HQW XQG LKUH )UHXQGH DXV $XVWUDOLHQ VDQNHQ LQ VLFK ]XVDPPHQ 9RQ HLQHU WLHIHQ 2KQPDFKW XPIDQJHQ HUOHEWHQ VLH QLFKW PLW ZDV VLFK LQ GHQ QlFKVWHQ 0LQXWHQHUHLJQHWH 3HQIRUG &DVWOH ]XU *HLVWHUVWXQGH %OLW]H ]XFNWHQ DXV GHQ )HQVWHUQ GLH 7UPH ZXUGHQ YRQ HLQHP JHLVWHUKDIWHQ 6FKLPPHUXPKOOW 'LH XQKHLPOLFKHQ (UVFKHLQXQJHQ GDXHUWHQ QXU ZHQLJH 0LQXWHQ GDQQ ZDU DOOHV ZLHGHU YRUEHL bXHUOLFK KDWWH VLFK QLFKWVYHUlQGHUW 'RFKGHU6FKHLQWURJ
$OV5LFN0DVWHUVGLH$XJHQDXIVFKOXJPHUNWHHUVRIRUWGD HWZDVQLFKWVWLPPWH(UZXWHDOOHUGLQJVQLFKWZDVHVZDU 'DV =LPPHULQGHPHU JHVFKODIHQKDWWH ZDULKPIUHPG (U WDVWHWHQDFKVHLQHU8KUIKOWHGDHUVLHQLFKWDP+DQGJHOHQN WUXJ XQG IDQG VLH QHEHQ VLFK DXI GHP 1DFKWVFKUlQNFKHQ 'DQHEHQVWDQGHLQ7HOHIRQPLWHLQHP6FKLOGFKHQ 6&+/266+27(/ 3(1)25'&$67/( :LH6FKXSSHQILHOHV5LFNYRQGHQ$XJHQ:HVKDOEZDULKP QLFKW VRIRUW HLQJHIDOOHQ GD HU PLW +D]HO XQG VHLQHQ 9HUZDQGWHQ DXV $XVWUDOLHQ HLQ SDDU 8UODXEVWDJH DXI 3HQIRUG &DVWOH YHUEUDFKWH" .RSIVFKWWHOQG VWDQG HU DXI JLQJ LQV
DQJUHQ]HQGH%DGH]LPPHUXQG]RJVLFKIHUWLJDQ$OVHUDXIGHQ .RUULGRU KLQDXVWUHWHQ ZROOWH VWRFNWH HU 'LH JDQ]H =HLW EHU KDWWH HU GDV *HIKO HWZDV :LFKWLJHV YHUJHVVHQ ]X KDEHQ (U NDPDOOHUGLQJVQLFKWGDKLQWHUZDVHVZDU +D]HOZDUVFKRQIHUWLJDOVHUDQLKUH7UNORSIWH*HPHLQVDP KROWHQ VLH GLH $XVWUDOLHU DE XQG JLQJHQ PLW LKQHQ LQ GHQ 6SHLVHVDDO 8QJHIlKU GLH +lOIWH GHU 7LVFKH ZDU EHVHW]W 0UV /LQGD +DOOLQJIRUG GLH +RWHOPDQDJHULQ NPPHUWH VLFK XP LKUH *lVWH'LH.HOOQHUHLOWHQ]ZLVFKHQGHQ7LVFKHQXQGGHU.FKH KLQ XQG KHU *HGlPSIWH 0XVLN YRQ HLQHP 7RQEDQG OLHIHUWH HLQHQ DQVSUHFKHQGHQ 5DKPHQ 'XUFK GLH KRKHQ )HQVWHU GHV 6SHLVHVDDOV ILHO VFKZDFKHU 6RQQHQVFKHLQ KHUHLQ 'HU 7DJ YHUVSUDFK ]XPLQGHVW IU VFKRWWLVFKH 9HUKlOWQLVVH VFK|Q ]X ZHUGHQ 1DFK HLQLJHU =HLW LQ GHU VLH VLFK EHU EHODQJORVH 'LQJH XQWHUKDOWHQ KDWWHQ ZXUGH 5LFN DXI HLQHQ EODVVHQ XQVFKHLQ EDUHQ 0DQQ LQ VFKZDU]HP $Q]XJ DXIPHUNVDP GHU KHIWLJ DXI GLH0DQDJHULQHLQUHGHWH ª.HQQW LKU GHQ GRUW"© HUNXQGLJWH VLFK 5LFN ª,FK JODXEH HU LVW%XWOHUEHLHLQHPGHU*lVWH© ª6FKRQP|JOLFK©JDE*HRUJHZHQLJLQWHUHVVLHUW]XUFNª'X VROOWHVWGHLQHQ7HHQLFKWNDOWZHUGHQODVVHQ 5LFN :DV JHKHQ GLFKGLH%XWOHUDQGHUHU/HXWHDQ"© ª5LFN JHKW DOOHV HWZDV DQ DXV GHP HU HLQHQ QHXHQ )DOO IU VLFKEDXHQNDQQ©EHPHUNWH+D]HOVSLW]ª2IIHQEDUWXWLKPGHU 8UODXEQLFKWJXWHUEUDXFKWVFKRQZLHGHU$UEHLW© 5LFNOLH VLFK QLFKW DXIKDOWHQ (U PXUPHOWH HLQH (QWVFKXOGL JXQJ XQG YHUOLH LKUHQ 7LVFK 0UV +DOOLQJIRUG EOLFNWH LKP HUOHLFKWHUWHQWJHJHQ ª9LHOOHLFKW N|QQHQ 6LH XQV KHOIHQ 0U 0DVWHUV© IOVWHUWH VLH ª0U 1HYLOOHYHUPLW&RORQHO5LSOH\0U 1HYLOOH LVW VHLQ %XWOHU© 5LFNQLFNWHGHP%XWOHUIOFKWLJ]XXQG]XFNWHGLH6FKXOWHUQ
ª,FK ZUGH YRUVFKODJHQ 6LH ODVVHQ GDV 3HUVRQDO QDFK GHP &RORQHOVXFKHQ,FKNDQQ,KQHQGDEHLNDXPKHOIHQ© ª-DQDWUOLFK©DQWZRUWHWHGLH+RWHOPDQDJHULQUHVHUYLHUW6LH KDWWH ZDKUVFKHLQOLFK PHKU HUZDUWHW ª,FK ZHUGH HV VRIRUW DQRUGQHQ© 5LFN0DVWHUVNHKUWH]XVHLQHP3ODW]]XUFN ª1LFKW GHU 5HGH ZHUW© EHUXKLJWH HU VHLQH %HJOHLWHU ª'HU &RORQHOZLUGYHUPLWVRQVWQLFKWV© 6LHIUKVWFNWHQ]X(QGHXQGEOLHEHQDQVFKOLHHQGQRFKHLQH :HLOHVLW]HQELVVLHDXIHLQHPHUNZUGLJH8QUXKHLQGHU+DOOH DXIPHUNVDPZXUGHQ5LFN0DVWHUVXQG*HRUJH3HQQLQJJLQJHQ QDFKVHKHQ (LQLJH.HOOQHUVFKDUWHQVLFKXP0UV+DOOLQJIRUGGLHEOHLFK DEHUJHIDWDXVVDK ª0U0DVWHUVZLUPVVHQGLH3ROL]HLYHUVWlQGLJHQ© ULHI VLH LKPHQWJHJHQª&RORQHO5LSOH\OLHJWLQGHU.DSHOOH-HPDQGKDW LKQGRUWKLQJHEUDFKWXQGGLH7UYRQDXHQDEJHVFKORVVHQ'HU &RORQHOLVWWRW© 5LFN EUDXFKWH QXU HLQLJH 6HNXQGHQ XP VLFK YRQ VHLQHU hEHUUDVFKXQJ]XHUKROHQ ª:LU YHUVWlQGLJHQ DP EHVWHQ JOHLFK 6FRWODQG
5LFN0DVWHUVZDUGDEHLDOVGLH3ROL]HLZLHGHUJHJHQ0LWWDJ DE]RJ 'HU ,QVSHNWRU VD LP YRUGHUVWHQ :DJHQ DOV GLHVHU SO|W]OLFKXQPLWWHOEDUYRUGHP3RUWDOEUHPVWH'LH.ULPLQDOEH DPWHQVWLHJHQDXVXQGJLQJHQQlKHUDQGDV7RUKHUDQ 1HXJLHULJ OLHI 5LFN ]X LKQHQ ª+DEHQ 6LH HWZDV HQWGHFNW"© IUDJWHHUJHVSDQQW 'HU ,QVSHNWRU PXVWHUWH LKQ PLW ]XVDPPHQJH]RJHQHQ $XJHQEUDXHQ ª+LHU KDW HV YRU NXU]HU =HLW JHEUDQQW 0U 0DVWHUV© DQWZRUWHWH HU ª6LH VLQG GRFK DQJHEOLFK HLQ VR EHUKPWHU 'HWHNWLY.|QQHQ6LHPLUHUNOlUHQZDVJHEUDQQWKDW"© 5LFNVDKVLFKUDWORVXP6HLQH$XJHQJOLWWHQEHUGLH%VFKH GHV 3DUNV 1LUJHQGZR VRQVW DOV DP 3RUWDO NRQQWH HU GLH VFKZDU]HQ%UDQGVSXUHQHQWGHFNHQ ª.HLQH$KQXQJLFKKDEH«©VHW]WHHUDQXQGVWRFNWH 6HLQH $XJHQ ZHLWHWHQ VLFK DOV HU GHQ DPHULNDQLVFKHQ 6WUDHQNUHX]HU LQ GHU 5HLKH GHU DQGHUHQ :DJHQ DXI GHP 3DUNSODW] HQWGHFNWH ,Q VHLQHU (ULQQHUXQJ KDNWH HWZDV HLQ 'LHVHU:DJHQKLQJPLWHLQHP%UDQG]XVDPPHQ$EHUZLH"(U NDPQLFKWGDKLQWHU 'LH 3ROL]LVWHQ ZDUWHWHQ DXI NHLQH $QWZRUW 6LH VLFKHUWHQ GLH %UDQGVSXUHQXQGUFNWHQRKQH HLQHQZHLWHUHQ .RPPHQWDU DE 'HQ1DFKPLWWDJEHUKLHOWVLFK5LFNYRQGHQDQGHUHQIHUQELV LKQ+D]HOJHJHQ$EHQGLP6FKORSDUNVWHOOWH ª5LFN ZLOOVW GX PLU QLFKW HU]lKOHQ ZDV GLFK EHGUFNW"© IUDJWH VLH XQG KDNWH VLFK EHL LKP HLQ ª6HLW GLH 3ROL]LVWHQ IRUW VLQGELVWGXQLFKWPHKUDQVSUHFKEDU© ª6LH KDEHQ %UDQGVSXUHQ DP 3RUWDO JHIXQGHQ© PXUPHOWH HU ª6LH VLQG JDQ] IULVFK 8QG DXI GHP 3DUNSODW] VWHKW HLQ DPHULNDQLVFKHU 6WUDHQNUHX]HU ,FK JODXEH GD HU HWZDV PLW HLQHP%UDQG]XWXQKDWDEHULFKNRPPHQLFKWGDKLQWHU© ª6HOWVDP© +D]HO EOLHE VWHKHQ XQG KLHOW GHQ 3ULYDWGHWHNWLY ]XUFN ª5LFN LFK KDEH JHWUlXPW GD HLQ 6WUDHQNUHX]HU YRU GHP3RUWDOGHV6FKORVVHVYHUEUDQQWLVW©
5LFN0DVWHUVZROOWHQRFKHWZDVHUZLGHUQDOV HLQH VFKZDU]H /LPRXVLQHLQGHQ3DUNHLQIXKUXQGYRUGHP6FKORKLHOW ª'DVLVW+HPSVKDZ©ULHI5LFNXQGOLHIORV (U HUZDUWHWH YRQ VHLQHP )UHXQG ]XPLQGHVW PLW HLQHP /lFKHOQEHJUW]XZHUGHQDEHUGHU&KHILQVSHNWRUEOLFNWHLKP HUQVWHQWJHJHQ ª.RPPHQ6LH5LFN©VDJWHHUQXUXQGQLFNWH+D]HOIOFKWLJ ]X (UVWDXQWIROJWHLKP0DVWHUVHLQ6WFNLQGHQ6FKORSDUN 'LH6RQQHVWDQGEHUHLWVWLHI'LH%lXPHXQG %VFKH ZDUIHQ ODQJH 6FKDWWHQ 2EZRKO HV QLFKW NKO ZDU IU|VWHOWH 5LFN XQG EOLFNWH VLFK QHUY|V XP (U KDWWH SO|W]OLFK GDV *HIKO YRQ XQ]lKOLJHQ$XJHQSDDUHQEHODXHUW]XZHUGHQ ª:DV LVW GHQQ ORV .HQQHWK"© IUDJWH HU GUlQJHQG ª6LH PDFKHQHLQ*HVLFKWDOVRE«© ª:DUXP KDEHQ 6LH GLH 3ROL]HL EHORJHQ 5LFN"© IXKU GHU &KHILQVSHNWRU DXI ª:DUXP KDEHQ 6LH PHLQHQ .ROOHJHQ HLQ 0lUFKHQHU]lKOWYRQGHPNHLQHLQ]LJHV:RUWVWLPPW"© (UVFKURFNHQ WUDW 5LFN 0DVWHUV HLQHQ 6FKULWW ]XUFN ª.HQQHWK ,FK YHUVWHKH NHLQ :RUW© ZHKUWH HU VLFK JHJHQ GLH $QVFKXOGLJXQJ ª1HLQ"© 'HU &KHILQVSHNWRU VHQNWH VHLQHQ EXOOLJHQ 6FKlGHO XQGVWDUUWH5LFNZWHQGDQ (UVW|UWHVLFKQLFKWGDUDQGD+D]HO.HQWLKQHQJHIROJWZDU XQG MHW]W MHGHV :RUW YHUVWHKHQ NRQQWH ª'DQQ ZHUGH LFK HV ,KQHQ VDJHQ 5LFN 'HU &RORQHO VWDUE DQ +HU]YHUVDJHQ LQ VHLQHP$OWHUQLFKWVR XQJHZ|KQOLFK $EHU HU VWDUE EHUHLWV YRU VHFKVXQGGUHLLJ6WXQGHQEHYRUVHLQ7RGGHU3ROL]HLJHPHOGHW ZXUGH(UVWDUEQLFKWLQGHU6FKORNDSHOOHVRQGHUQMHPDQGKDW LKQ GRUWKLQ JHWUDJHQ YHUPXWOLFK VRJDU ]ZHL 3HUVRQHQ 'DV NDQQ PDQ DOOHV PLW +LOIH XQVHUHU 0HWKRGHQ DXV GHQ 6SXUHQ KHUDXVOHVHQ© 'HU &KHILQVSHNWRU KDWWH VLFK LQ :XW JHUHGHW 'LH :RUWH NDPHQUDVFKXQGOHLVH]LVFKHQGEHUVHLQH/LSSHQGD5LFNVLH
NDXPYHUVWHKHQNRQQWH ª8QG QRFK HWZDV© IXKU GHU &KHILQVSHNWRU IRUW ª'LH %UDQGVSXUHQDP7RUVWDPPHQYRQHLQHPDXVJHEUDQQWHQ$XWR +LHU LVW DEHU NHLQHV ]X VHKHQ (V JLEW DXFK NHLQH 6SXUHQ GD YRU GHP 3RUWDO HLQ $XWR JHEUDQQW KDW :LU KDEHQ ]XU GLH )ODPPHQVSXUHQGLUHNW DXI GHQ 3IHLOHUQ :LH HUNOlUHQ 6LH VLFK GDV5LFN"© 5LFN 0DVWHUV VWDQG ZLH EHWlXEW YRU VHLQHP )UHXQG YRQ 6FRWODQG
&KHILQVSHNWRU +HPSVKDZ VFKOXJ VHLQ 4XDUWLHU LQ 3HQIRUG &DVWOH DXI 0UV +DOOLQJIRUG ZLHV LKP DXI VHLQHP HLJHQHQ :XQVFK]ZHL=LPPHULP(UGJHVFKR]X ,P *HJHQVDW] ]X IUKHUHQ )lOOHQ KLHOW VLFK GLHVPDO GHU &KHILQVSHNWRU DEVHLWV YRQ 5LFN XQG +D]HO 8P LKUH DXVWUDOL VFKHQ)UHXQGHNPPHUWHHUVLFKEHUKDXSWQLFKW(UPLWUDXWH LKQHQYRUDOOHPDEHU5LFN0DVWHUV(UZDUEHU]HXJWGDVLFK DXIGHP6FKOR'LQJHDEJHVSLHOWKDWWHQGLHLKPGHU3ULYDWGH WHNWLYDEVLFKWOLFKYHUVFKZLHJ ª'X VROOWHVW YHUVXFKHQ +HPSVKDZ XP]XVWLPPHQ© UHGHWH +D]HOLKPEHLP$EHQGHVVHQ]Xª(UYHUGlFKWLJWGLFK© ª,FKKDEHHVVFKRQYHUVXFKW©PXUPHOWH5LFN0DVWHUVGVWHU ª(UKDWPLUQLFKWHLQPDO]XJHK|UW© ª'X ZHLW GRFK GD LFK LQ 6LGQH\ EHL GHU 3ROL]HL DUEHLWH© PLVFKWH VLFK 5LFNV 9HWWHU *HRUJH HLQ ª'RUW KDEHQ ZLU HLQ DOWHVDXVWUDOLVFKHV6SULFKZRUWGDVJHKW«© ª0RPHQW©IXKU5LFNDXIª'XDUEHLWHVWEHLGHU3ROL]HL"%HL GHU.ULPLQDOSROL]HLYRQ6LGQH\*HRUJHGDVKDVWGXPLUQRFK QLHJHVDJWXQGGRFKZHLLFKHV:LHVR"© *HRUJHVFKWWHOWHGHQ.RSI ª,FKKDEHHVGLU HU]lKOW 5LFN© PHLQWH HU YHUVW|UW ª$EHU LFK NDQQ PLFK QLFKW PHKU GDUDQ HULQQHUQ© ª,FK ZHL HV DXFK© PHOGHWH VLFK +D]HO ª,FK ZDU EHVWLPPW GDEHLDEHULFKNDQQHEHQIDOOV«© ª'DV LVW HV© IXKU 5LFN 0DVWHUV DXI ª:LU DOOH KDEHQ HLQH JURH*HGlFKWQLVOFNH:LUN|QQHQXQVQLFKWPHKUDQ&RORQHO 5LSOH\V7RGXQGDQGHQ%UDQGDP3RUWDOHULQQHUQ'LH3ROL]HL KDWHLQGHXWLJH%HZHLVHDEHUXQVHU*HGlFKWQLVYHUVDJW© ª:HQQZLUHLQHQ$QKDOWVSXQNWDXVGHU=HLWRKQH*HGlFKWQLV ILQGHQ© VDJWH +D]HO DXIJHUHJW ªGDQQ ZLUG XQV DXFK DOOHV ZLHGHUHLQIDOOHQ© &KHILQVSHNWRU +HPSVKDZ VD HEHQIDOOV LP 6SHLVHVDDO XQG EOLFNWH YHUVWRKOHQ ]X LKQHQ KHUEHU 'LH $XIUHJXQJ DQ LKUHP 7LVFKVFKLHQLKPQLFKW]XJHIDOOHQDEHUHUNDPQLFKWKHUEHU
XPVLFKGDQDFK]XHUNXQGLJHQ ª,FK VFKODJH YRU GD ZLU XQV WUHQQHQ© VDJWH 5LFN ª-HGHU VROO VLFK HLQIDFK WUHLEHQ ODVVHQ ZRKLQ HV LKQ JHUDGH ]LHKW 9LHOOHLFKWKDEHQZLUDXIGLHVH:HLVH*OFN© $OOH ZDUHQ HLQYHUVWDQGHQ 5LFN ZDUWHWH ELV +D]HO *HRUJH XQG(OVDGHQ6SHLVHVDDOYHUODVVHQKDWWHQ+D]HOJLQJKLQDXVDXI GHQ3DUNSODW]*HRUJHVWLHJGLH)UHLWUHSSHQDFKREHQXQG(OVD WUDWKLQDXVLQGHQ3DUN(UVHOEVWIROJWHHLQHULQQHUHQ6WLPPHLQ GLH%LEOLRWKHNGHV6FKORVVHVXQGEOLHEYRUGHQ5HJDOHQPLWGHQ XQ]lKOLJHQ %FKHUQ VWHKHQ 6HLQ %OLFN JOLWW GHQ 5FNHQ HQWODQJ ELV VLH DQ HLQHP %XFK PLW HLQHP VFKZDU]URWHQ (LQEDQGKDIWHQEOLHEHQ *HEDQQW WUDW 5LFN QlKHU XQG ]RJ GDV %XFK DXV GHU 5HLKH KHUDXV (V ZDU HLQ :HUN EHU GLH *HVFKLFKWH YRQ 3HQIRUG &DVWOHXQGVHLQH8PJHEXQJ ,QGLHVHP0RPHQWKREHQVLFKGLH6FKOHLHUYRU5LFNV$XJHQ (U ZXWH SO|W]OLFK DOOHV ZDV JHVFKHKHQ ZDU *DQ] GHXWOLFK NRQQWHHUVLFKDQGLHVHOWVDPH(UVFKHLQXQJGHV'RSSHOJlQJHUV HULQQHUQ GHU VLFK LQ HLQ 6NHOHWW YHUZDQGHOW XQG GDQDFK LQ 1LFKWVDXIJHO|VWKDWWH(UZXWHZLHGHUGDHUXQG+D]HOXQG VHLQHDXVWUDOLVFKHQ)UHXQGHIUHLQHQJDQ]HQ7DJGLH HLQ]LJHQ 0HQVFKHQ LP 6FKOR JHZHVHQ ZDUHQ 'HU %UDQG GHV 6WUDHQNUHX]HUV GDPLW VLH QLFKW IOLHKHQ NRQQWHQ 'DV :LHGHUDXIWDXFKHQ GHU /HLFKH GHV &RORQHOV :LH KDWWH HU GDV DOOHVYHUJHVVHQN|QQHQ" hEHUVWU]W YHUOLH 5LFN 0DVWHUV GLH %LEOLRWKHN 'HU &KHILQVSHNWRU VD QRFK LPPHU DQ VHLQHP 7LVFK (UVWDXQW EOLFNWH HU DXI DOV 5LFN VLFK DXI HLQHQ GHU IUHLHQ 6WKOH IDOOHQ OLH ª+DEHQ 6LH VLFK ]X HLQHP *HVWlQGQLV HQWVFKORVVHQ 5LFN"© IUDJWHHU]XUFNKDOWHQG ª.HLQ *HVWlQGQLV© ZLGHUVSUDFK LKP 5LFN JULQVHQG ª$EHU 6LHZHUGHQDXFKVR]XIULHGHQVHLQ© (U ZLQNWH +D]HO ]X GLH HLQHQ %OLFN LQ GHQ 6SHLVHVDDO ZDUI
'DUDXIKLQKROWHVLH*HRUJHXQG(OVDXQGHUVWDOVDOOHDP7LVFK YHUVDPPHOW ZDUHQ EHVFKULHE 5LFN ZDV VLFK ELVKHU HUHLJQHW KDWWH ª6LH DOV HLQ]LJHU KDEHQ GDV *HGlFKWQLV ZLHGHUHUODQJW"© IUDJWHGHU&KHILQVSHNWRU]ZHLIHOQGª6FKZLQGHOQ6LHQLFKWXP PLUGDV:LUNHQYRQEHUVLQQOLFKHQ.UlIWHQHLQ]XUHGHQ"© ª&KHILQVSHNWRU+HPSVKDZGHUDOWH6NHSWLNHU©VHXI]WH5LFN XQG OHJWH GDV %XFK PLW GHP VFKZDU]URWHQ 8PVFKODJ DXI GHQ 7LVFK ,P VHOEHQ 0RPHQW VWLHHQ +D]HO *HRUJH XQG (OVD EHU UDVFKWH5XIHDXV ª-HW]WNDQQLFKPLFKDXFKHULQQHUQ©ULHIHQVLHZLHDXVHLQHP 0XQG ª%LVKHU ZDU DOOHV ZDV GX HU]lKOW KDVW IUHPG IU PLFK© PHLQWH +D]HO .HQW ª5LFN GLHVHV %XFK PX HLQH JDQ] EHVRQGHUH%HGHXWXQJKDEHQVRQVWKlWWHHVXQVQLFKWJHKROIHQ© 5LFN0DVWHUVEHWUDFKWHWHGDV%XFKPLWVFKPDOHQ$XJHQª(V LVW GHU 6FKOVVHO ]X GHP *HKHLPQLV DEHU LFK NDQQ HV QLFKW ULFKWLJOHVHQ,FKKDEHHVYHUVXFKWRKQH(UIROJ© ª6ROO LFK HV DXI )LQJHUDEGUFNH XQWHUVXFKHQ ODVVHQ"© ERW &KHILQVSHNWRU +HPSVKDZ DQ GHVVHQ 0LWUDXHQ RIIHQEDU EHVHLWLJWZDU ª'DV ZLUG NDXP HWZDV QW]HQ .HQQHWK© HQWJHJQHWH 5LFN OlFKHOQGª+LHUKDQGHOWHVVLFKXPEHUVLQQOLFKH3KlQRPHQH© ª'DV LVW QLFKW EHZLHVHQ© ZHKUWH GHU &KHILQVSHNWRU DE XQG HUKREVLFKª0RUJHQIUKVSUHFKHQZLUZHLWHU© ª$OWHU 6NHSWLNHU© ULHI LKP 5LFN KLQWHUKHU XQG PXWH XQIUHLZLOOLJODFKHQª+HPSVKDZZLUGVLFKQLHlQGHUQ$EHULFK JODXEH GDV LVW JDQ] JXW VR 'D NDQQ PDQ VLFK ZHQLJVWHQV DXI HWZDV YHUODVVHQ LQ GLHVHP YHUZRUUHQHQ XQG XQEHUVLFKWOLFKHQ )DOO©
'LH DQGHUHQ ZDUHQ VFKRQ DOOH VFKODIHQ JHJDQJHQ DOV 5LFN 0DVWHUV LQ GHU %LEOLRWKHN GHV 6FKORVVHV VWDQG 1RFK HLQPDO KDWWH HU GDV *HVFKLFKWVEXFK JHQDX GXUFKVWXGLHUW DEHU HV KDOI LKPQLFKWZHLWHU 6FKRQRIWZDUHVLQVHLQHUUHLFKHQ3UD[LVYRUJHNRPPHQGD VLFK LQ HLQHP DOWHQ %XFK HLQ +LQZHLV DXI HLQH ODQJH ]X UFNOLHJHQGH %OXWWDW IDQG 'LHVH %OXWWDW ZDU PHLVWHQV GHU $QOD IU 6SXNHUVFKHLQXQJHQ XQG EHUVLQQOLFKH 3KlQRPHQH JHZHVHQ *HZDOWWDWHQ JDE HV DXFK LQ GHP YRU LKP OLHJHQGHQ %XFKDEHUNHLQHGDYRQZDULQHLQHQGLUHNWHQ =XVDPPHQKDQJ PLW3HQIRUG&DVWOH]XEULQJHQ(VSDWHHLQIDFKQLFKWV]XVDP PHQ 'HQQRFK ZDU GHU 3ULYDWGHWHNWLY EHU]HXJW GDYRQ GD GDV %XFKLQLUJHQGHLQHU)RUPGLH/|VXQJGHV)DOOHVEHLQKDOWHWH(U PXWHVLHQXUQRFKILQGHQ $OV HU JUEHOQG DP )HQVWHU GHU %LEOLRWKHN VWDQG XQG LQ GHQ GXQNOHQ 3DUN KLQDXVVWDUUWH JODXEWH HU SO|W]OLFK ]ZLVFKHQ GHQ %VFKHQ HLQH %HZHJXQJ ]X VHKHQ 6RIRUW SUHWH HU VHLQ *HVLFKW JHJHQ GLH 6FKHLEHQ XQG VFKLUPWH GLH $XJHQ PLW GHQ +lQGHQJHJHQGDVVW|UHQGH/LFKWLQGHU%LEOLRWKHNDE 'HXWOLFKHU DOV ]XYRU HUEOLFNWH HU HLQH *HVWDOW GLH VLFK ]ZLVFKHQ GHQ %VFKHQ HLQHQ :HJ VXFKWH 5LFN KDVWHWH ]XP /LFKWVFKDOWHUXQGGUHKWHLKQKHUXP,QGHU%LEOLRWKHNZXUGHHV ILQVWHU 'HP 8QEHNDQQWHQ GUDXHQ LP 3DUN NRQQWH GDV QLFKW YHUGlFKWLJ YRUNRPPHQ ,P 6FKOR JLQJ PDQ HEHQ ]XU 5XKH ,PPHUKLQZDUHVEHUHLWVHOI8KUQDFKWV -HW]WNRQQWHHUGHXWOLFKHUNHQQHQGDGRUWGUDXHQ]ZLVFKHQ GHQ%VFKHQHLQ0DQQVWDQG'DV*HVLFKWYHUVFKZDPPLQGHU 'XQNHOKHLW XQG ZDU QLFKW PHKU DOV HLQ KHOOHU )OHFN 8QG GHU *HVWDOWQDFKNRQQWH5LFNQXUPLW6LFKHUKHLWEHKDXSWHQGDHV VLFKQLFKWXPGHQ&KHILQVSHNWRUKDQGHOWH 'LHVHQ )UHPGHQ PXWH HU VLFK QlKHU DQVHKHQ =ZDU NRQQWH HV VLFK EOR XP HLQHQ 3ROL]LVWHQ KDQGHOQ GHU 3HQIRUG &DVWOH EHZDFKHQVROOWHDEHU5LFNZROOWH HV DXI MHGHQ )DOO KHUDXVILQ
GHQZHUVLFKGRUWGUDXHQKHUXPWULHE (U YHUOLH GDV 6FKOR GXUFK HLQH 1HEHQSIRUWH XQG SLUVFKWH VLFKDQGLH%VFKHYRUGHU%LEOLRWKHNKHUDQ'HXWOLFKNRQQWHHU GHQ 8QEHNDQQWHQ JHJHQ GHQ KHOOHUHQ +LQWHUJUXQG GHV 6FKORVVHV HUNHQQHQ (U VWDQG QRFK LPPHU DQ GHUVHOEHQ 6WHOOH XQGEHZHJWHVLFKQLFKW 'RFK DOV 5LFN VR QDKH JHNRPPHQ ZDU GD HU GHQ 8QEH NDQQWHQ PLW HLQHP 6SUXQJ HUUHLFKHQ NRQQWH WDXFKWH GLHVHU EHUUDVFKHQG ]ZLVFKHQ GHQ %VFKHQ XQWHU (QWWlXVFKW KHIWHWH VLFK 5LFN DQ VHLQH )HUVHQ (U KDWWH JHJODXEW PLW GHP DK QXQJVORVHQ )UHPGHQ HLQ OHLFKWHV 6SLHO ]X KDEHQ XQG QXQ PXWH HU LKP TXHU GXUFK GHQ JDQ]HQ 3DUN IROJHQ 5LFN KDOI GDEHLQXUGDHUVLFKEHUHLWVJXWDXVNDQQWH 6LHXPUXQGHWHQGDV6FKORVRGD5LFN]XGHUhEHU]HXJXQJ NDP GD GHU )UHPGH HLQ 3ROL]LVW ZDU GHU HLQHQ 5XQGJDQJ XQWHUQDKP 6FKRQ ZROOWH HU GLH 9HUIROJXQJ DEEUHFKHQ DOV HV SDVVLHUWH 'HU )UHPGH JLQJ YRUDQ 6LH EHUTXHUWHQ VRHEHQ HLQ JURHV IUHLHV5DVHQVWFN:HLWXQGEUHLWVWDQGNHLQ%XVFKNHLQ%DXP (VJDEDXFKVRQVWNHLQH0|JOLFKNHLWHQVLFK]XYHUVWHFNHQ 'HXWOLFK VDK 5LFN GHQ 0DQQ YRU VLFK ,P QlFKVWHQ $XJHQ EOLFN JHULHW HU PLW GHP UHFKWHQ )X LQ HLQH 9HUWLHIXQJ YHUORU GDV*OHLFKJHZLFKWXQGVWU]WH )U GHQ %UXFKWHLO YRQ 6HNXQGHQ ZDU HU DEJHOHQNW $OV HU ZLHGHU ]X GHP 9HUIROJWHQ KLQEHUEOLFNWH ZDU GLHVHU YHU VFKZXQGHQ:LHYRP(UGERGHQYHUVFKOXFNW (QWJHLVWHUW ZLVFKWH VLFK 5LFN EHU GLH $XJHQ (V JDE WDWVlFKOLFKQXUGLH(UNOlUXQJGDVLFKGHU8QEHNDQQWHLQ/XIW DXIJHO|VW KDWWH $OVR ZDU HV GRFK NHLQ 3ROL]LVW JHZHVHQ VRQGHUQ ZLHGHUXP MHQHV :HVHQ GDV GLH )lKLJNHLW EHVD PHQVFKOLFKH *HVWDOW DQ]XQHKPHQ VLFK LQ HLQ 6NHOHWW ]X YHUZDQGHOQXQGDQVFKOLHHQG]XYHUVFKZLQGHQ 5LFN0DVWHUVZDUHUQHXW$XJHQ]HXJHGHV6SXNVYRQ3HQIRUG &DVWOH JHZRUGHQ 8QG ZLHGHU WDXFKWH GLH )UDJH QDFK GHP
*UXQG DXI :HVKDOE ]HLJWH VLFK GLHVH *HVWDOW GLH VLFK GDQQ GRFK YRU GHQ $XJHQ GHU 0HQVFKHQ DXIO|VWH RKQH HLQH %RWVFKDIWRGHUHWZDVbKQOLFKHV]XUFN]XODVVHQ" 5LFNUDIIWHVLFKYRP%RGHQDXIXQGEHWUDFKWHWHGDV/RFKLQ GHP HU KlQJHQJHEOLHEHQ ZDU 'HU 0RQG VFKLHQ DXVUHLFKHQG KHOOGDHUHUNHQQHQNRQQWHLQZHOFKHU)DOOHHUVLFKJHIDQJHQ KDWWH (V ZDU NHLQ /RFK VRQGHUQ HLQ VFKPDOHU *UDEHQ GHU VLFK YRP 6FKOR ELV KLHUKHU ]RJ 5LFN HULQQHUWH VLFK LQ GLHVHP 0RPHQWGDUDQZDVLKPGLH+RWHOPDQDJHULQHU]lKOWKDWWH6LH KDWWH GLHVHQ *UDEHQ YRQ HLQHP DOWHQ 0DQQ ]LHKHQ ODVVHQ GHU Zl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|VH .UlIWH ZLUNWHQ DEHU HLQHQ7RWHQKDWWHHVVFKRQJHJHEHQ'HU&RORQHOZDU]ZDUODXW &KHILQVSHNWRU +HPSVKDZ HLQHV QDWUOLFKHQ 7RGHV JHVWRUEHQ GRFK5LFNIKUWHVHLQ+HU]YHUVDJHQDXIGHQ6SXNYRQ3HQIRUG &DVWOH]XUFN (LQ 2SIHU ZDU VFKRQ ]XYLHO 5LFN PXWH YHUKLQGHUQ GD HV PHKUJDE
(V OLH *HRUJH 3HQQLQJ NHLQH 5XKH GD LKQ VHLQ 9HWWHU
HLQIDFKEHUJLQJ%HLDOOHPZDVELVKHUYRUJHIDOOHQZDUKDWWH VLFK 5LFN QLH DQ VHLQH 0HLQXQJ JHKDOWHQ VRQGHUQ ZDU LPPHU QDFK VHLQHP HLJHQHQ :LOOHQ YRUJHJDQJHQ 'DEHL DUEHLWHWH HU *HRUJH 3HQQLQJ EHL GHU DXVWUDOLVFKHQ 3ROL]HL XQG GLH ZDU QLFKWVFKOHFKWHUDOVGLHHQJOLVFKH 9RQ $QIDQJ DQ KDWWH *HRUJH QLFKW GDUDQ JHJODXEW GD HV EHUQDWUOLFKH .UlIWH JDE )U DOOHV OLH VLFK HLQH (UNOlUXQJ ILQGHQ HLQH HLQIDFKH XQG ORJLVFKH (UNOlUXQJ GLH YRU *HULFKW HLQHUJUQGOLFKHQ8QWHUVXFKXQJVWDQGKLHOW (OVD VHLQH )UDX XQWHUVWW]WH LKQ LQ VHLQHU 0HLQXQJ ª$XFK GLHVHU&KHILQVSHNWRUYRQ6FRWODQG
'LH7UGHU%LEOLRWKHNVWDQGHLQHQ6SDOWEUHLWRIIHQ'ULQQHQ EUDQQWH WURW] GHU VSlWHQ 6WXQGH /LFKW 5LFN JLQJ XQUXKLJ DXI XQG DE $XI HLQHP GHU 7LVFKH ODJ GDV EHNDQQWH URWVFKZDU] JHEXQGHQH*HVFKLFKWVEXFK *HRUJH ULFKWHWH VLFK DXI HLQH OlQJHUH :DUWH]HLW HLQ GRFK JOHLFK GDUDXI EHQDKP VLFK 5LFN VHKU VHOWVDP (U SUHWH GLH +lQGH JHJHQ GLH *ODVVFKHLEH XQG VSl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|UWH HLQHQ KDOEODXWHQ $XVUXI 5LFNV VDK GHQ 3ULYDWGHWHNWLY VWU]HQ XQG JOHLFK GDUDXI ZLHGHU DXI GLH %HLQH WDXPHOQ 'DQQ VDK HU VLFKYHUJHEOLFKQDFKGHP8QEHNDQQWHQXP ª0HUNZUGLJ©PXUPHOWH*HRUJHXQGUXQ]HOWHGLH6WLUQ (UKDWWHQLFKWJHVHKHQZRKLQGHU)UHPGHJHODXIHQZDU$XI GHQ *HGDQNHQ GD VLFK GHU 0DQQ LQ 1LFKWV DXIJHO|VW KDEHQ N|QQWH NDP HU QLFKW (U VWDQG ]X ZHLW HQWIHUQW XP GLH ULFKWLJHQ6FKOVVH]X]LHKHQ 5LFN 0DVWHUV XQWHUVXFKWH GHQ %RGHQ NHKUWH LQ GDV 6FKOR ]XUFN XQG JLQJ VRIRUW LQ VHLQ =LPPHU $OV *HRUJH 3HQQLQJ VLFKHU ZDU GD VHLQ 9HWWHU VHLQH 5lXPH QLFKW PHKU YHUODVVHQ ZUGHOLHIHUQRFKHLQPDOLQGHQ6FKORSDUN
5LFN ZDU LQ HLQHU 5LQQH JHVWROSHUW GLH VLFK YRP 6FKOR ELV KLHUKHU DQ GHQ :DOGUDQG HUVWUHFNWH 1RFK ZlKUHQG *HRUJH 3HQQLQJ VLFK GHQ .RSI GDUEHU ]HUEUDFK ZR]X GLHVH 5LQQH DQJHOHJW ZRUGHQ ZDU IDQG HU GHQ (QGSXQNW GHV VFKPDOHQ *UDEHQV(UOLHVLFKDXIGLH.QLHQLHGHUVLQNHQXQGVWHFNWHGLH +lQGHLQHLQWLHIHV/RFK 6HLQH )LQJHU WUDIHQ DXI HLQHQ KDUWHQ *HJHQVWDQG GHQ HU PLW HLQHPNXU]HQ5XFNDXVGHUORFNHUHQ(UGH]RJ 'D HU NHLQH 7DVFKHQODPSH EHL VLFK WUXJ NRQQWH HU QLFKW JHQDX HUNHQQHQ ZDV HU LQ GHQ +lQGHQ KLHOW (UVW GXUFK %HWDVWHQEHJULIIHUZDVIUHLQJUDXVLJHU)XQGHVZDU (UKLHOWGHQ$UPNQRFKHQHLQHV0HQVFKHQLQGHQ+lQGHQ (QWVHW]WOLHHUGHQ.QRFKHQVLQNHQXQGVWDUUWHLQGDVGXQNOH /RFK'LHVFKPDOH)XUFKHPQGHWHLQHLQ*UDE+LHUGUDXHQ ODJHLQH/HLFKHYHUVFKDUUWGLH/HLFKHHLQHV0HQVFKHQGHUEH VWLPPWHLQHVXQQDWUOLFKHQ7RGHVJHVWRUEHQZDU *HRUJH3HQQLQJEFNWHVLFKXQGQDKPGHQ.QRFKHQDQVLFK (U ZROOWH VRIRUW GHQ &KHILQVSHNWRU YRQ 6FRWODQG
2EZRKO (OVD 3HQQLQJ IHVW HQWVFKORVVHQ ZDU DXI *HRUJHV 5FNNHKU]XZDUWHQPXWHVLHGRFKLUJHQGZDQQHLQJHVFKODIHQ VHLQ 6LH HUZDFKWH HUVW ZLHGHU DOV KHOOHV /LFKW GXUFK GDV )HQVWHUKHUHLQIOXWHWH (UVFKURFNHQ EOLFNWH GLH MXQJH )UDX DXI GLH 8KU 'LH =HLJHU VWDQGHQ DXI VHFKV 6LH KDWWH GLH JDQ]H 1DFKW YHUVFKODIHQ %HXQUXKLJW VHW]WH VLH VLFK DXI 'DV %HWW QHEHQ LKU ZDU XQEHUKUW *HRUJH ZDU GLH JDQ]H 1DFKW QLFKW ]XUFNJHNRP
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lKUHQGGHU1DFKWZHJJHIDKUHQXQG*HRUJHKDWWHGLH EHLGHQLQHLQHPDQGHUHQ:DJHQYHUIROJW" 'HU 5ROOV 5R\FH VWDQG ZXFKWLJ XQG PDMHVWlWLVFK ZLH LPPHU DQ VHLQHP 3ODW] 6FKRQ ZROOWH VLFK (OVD DEZHQGHQ XP GLH 6XFKHQDFKLKUHP0DQQDXI]XQHKPHQDOVLKU%OLFNKLQDXVDXI GLH:LHVHQILHOGLHGDV6FKORXPJDEHQ%HVFKDWWHQGOHJWHVLH GLH +DQG EHU GLH $XJHQ XQG VWUHQJWH VLFK DQ XP HWZDV HUNHQQHQ]XN|QQHQ $XIGHP5DVHQZDOOWH1HEHOHLQ5HVWGHU1DFKW(UYHUKOOWH GLH6LFKWZHLWJHKHQGXQGGRFKZDUVLHVLFKHUGDJDQ]KLQWHQ DP:DOGUDQGMHPDQGLP*UDVODJ ,Q GLHVHP 0RPHQW GDFKWH (OVD 3HQQLQJ QLFKW GDUDQ LUJHQG MHPDQGHQ ]X ZHFNHQ 6LH OLHI DXV GHP =LPPHU KHW]WH GLH 7UHSSHKLQXQWHUXQGUDQQWHEHUGHQ5DVHQKLQWHUGHP6FKOR ,KU+HU]VFKOXJELV]XP+DOV,Q6LGQH\KDWWHVLHVLFKLPPHU GDYRU JHIUFKWHWGDPDQVLHHLQHV7DJHVDQGLH /HLFKHLKUHV 0DQQHVKROHQ ZUGH XP LKQ ]X LGHQWLIL]LHUHQ ,P *HLVW KDWWH VLHVLFKXQ]lKOLJH0DOHGHQVFKZHUHQ:HJJHKHQVHKHQ 8QG MHW]W ZDU DOOHV JDQ] DQGHUV 6LH ZDU DOOHLQ DXI HLQHU IHXFKWHQ :LHVH EHU GLH GHU 0RUJHQQHEHO ]RJ :HLW YRU LKU
ODJ HLQ 0DQQ DXI GHP 5DVHQ 6LH ZXWH QLFKW RE HV *HRUJH ZDUDEHUVLHIKOWHHVGDQXUHUHVVHLQNRQQWH 8QG GDQQ VWDQG VLH YRU LKP 6HLQH JHEURFKHQHQ $XJHQ VWDUUWHQ VLH DQ RKQH VLH ]X VHKHQ 'LH $UPH ZDUHQ VHLWOLFK DXVJHEUHLWHWGLH%HLQHHLQJHNQLFNW (UKDWWHNHLQHVLFKWEDUHQ:XQGHQ:lUHQVHLQHHUORVFKHQHQ RIIHQHQ $XJHQ QLFKW JHZHVHQ KlWWH PDQ PHLQHQ N|QQHQ GD HUVFKOLHI 6FKZHLJHQGVDQN(OVDQHEHQGHU/HLFKH]X%RGHQXQGEOLHE ZLHWRWOLHJHQ
5LFN 0DVWHUV XQG +D]HO .HQW ZDUHQ ]XU QRUPDOHQ =HLW DXIJHVWDQGHQ KDWWHQ VLFK IHUWLJJHPDFKW XQG ZROOWHQ IUKVWFNHQ DOV VLH PHUNWHQ GD LKUH )UHXQGH DXV $XVWUDOLHQ QLFKW DP 7LVFK VDHQ 5LFN OLHI QRFK HLQPDO QDFK REHQ IDQG VLHMHGRFKDXFKLQLKUHP=LPPHUQLFKW ª0UV +DOOLQJIRUG© ULHI HU GLH +RWHOPDQDJHULQ GLH VRHEHQ GHQ .RUULGRU HQWODQJNDP ª+DEHQ 6LH 0U RGHU 0UV 3HQQLQJ JHVHKHQ"© ª0UV 3HQQLQJ LVW GUDXHQ LP 3DUN© JDE GLH 0DQDJHULQ IUHXQGOLFK$XVNXQIWª,FKYHUPXWHGDLKU0DQQEHLLKULVW© ª,P3DUN"©VWDXQWH5LFNª8PGLHVH8KU]HLW"© ª6HKHQ6LHVHOEVW©'LH0DQDJHULQZLHVDXIGDVRIIHQVWHKHQ GH.RUULGRUIHQVWHU 'HXWOLFK NRQQWH 5LFN YRQ KLHU REHQ GLH *HVWDOW VHLQHU 9HUZDQGWHQHUNHQQHQ (U DKQWH VRIRUW GD HWZDV QLFKW VWLPPWH =ZHL 0LQXWHQ VSlWHUVWDQGHUHUVFKWWHUWQHEHQGHU/HLFKHVHLQHV9HWWHUVXQG YHUVXFKWH YHUJHEOLFK (OVD GD]X ]X EHUUHGHQ LQV +DXV ]X NRPPHQ (V EOLHE LKP VFKOLHOLFK QLFKWV DQGHUHV EULJ DOV (OVD EHL LKUHP WRWHQ 0DQQ ]XUFN]XODVVHQ XQG ]XP 6FKOR ]XUFN]X
NHKUHQ +D]HONDPLKPEHUHLWVEHVRUJWHQWJHJHQ ª:RLVW+HPSVKDZ"©ULHILKU5LFNHQWJHJHQ 6LH GHXWHWH EHU LKUH 6FKXOWHU ]XUFN ,P QlFKVWHQ 0RPHQW GUlQJWHVLFK+HPSVKDZDQLKUYRUEHL5LFNZLQNWHLKQHQ]X ª*HRUJHLVWWRW©VDJWHHUNQDSSDOVVLHLKQHUUHLFKWHQª0HLQ 9HWWHU©IJWHHUHUNOlUHQGIUGHQ&KHILQVSHNWRUKLQ]Xª(ULVW « YLHOPHKU ZDU HU ,KU .ROOHJH .HQQHWK (U ZDU EHL GHU 3ROL]HLLQ6LGQH\© ª7RW"© +D]HO ZDUI HLQHQ HQWVHW]WHQ %OLFN ]X GHU /HLFKH KLQEHUª,FKPXPLFKVRIRUWXP(OVDNPPHUQ© 6LH ZDUWHWH QLFKW DE ZDV 5LFN XQG GHU &KHILQVSHNWRU EHVFKORVVHQ VRQGHUQ OLHI ]X GHU MXQJHQ )UDX GLH VLFK QRFK LPPHUQLFKWEHZHJWH ª:LHLVWGDVSDVVLHUW"©IRUVFKWH&KHILQVSHNWRU+HPSVKDZ(U IDWH 5LFN VFKDUI LQV $XJH ª:DV ZLVVHQ 6LH GDUEHU 5LFN" 6LHPVVHQHVPLUVDJHQ© ª,FK ZUGH HV JHUQ VDJHQ DEHU LFK ZHL HV QLFKW© EUDXVWH 5LFN DXI ª,FK ZHL QXU GD LFK JHVWHUQ DEHQG KLHU DQ GLHVHU 6WHOOHHLQHQ0DQQYHUIROJWKDEHGHUVLFKYRUPHLQHQ$XJHQLQ /XIW DXIJHO|VW KDW $EHU GDV DN]HSWLHUHQ 6LH MD ZLHGHU QLFKW ZHLO 6LH QLFKW DQ hEHUVLQQOLFKHV JODXEHQ ZROOHQ© IJWH HU YHUELWWHUWKLQ]X ª.HLQH 9HUOHW]XQJHQ© EHPHUNWH +HPSVKDZ OHLVH ª)DOOV HU QLFKW YHUJLIWHW ZXUGH WLSSH LFK DXI HLQHQ QDWUOLFKHQ 7RG +HU]LQIDUNWRGHU*HKLUQVFKODJ© ª*HKLUQVFKODJ"© 5LFN ]RJ GLH $XJHQEUDXHQ ]XVDPPHQ XQG EL VLFK DXI GLH 8QWHUOLSSH ,Q VHLQHP *HGlFKWQLV VFKOXJ HLQH $ODUPNOLQJHODQ ª:DV KDEHQ 6LH DXI HLQPDO"© IRUVFKWH GHU &KHILQVSHNWRU ª:LVVHQ 6LH QRFK HWZDV" 6LH GUIHQ QLFKWV YHUVFKZHLJHQ GHQNHQ6LHGDUDQ© ª(LQDOWHU0DQQKDWDXFKHLQHQ6FKODJDQIDOOHUOLWWHQDEHUHU OHEWQRFKVRYLHOLFKZHL©5LFN0DVWHUVKDWWHHVSO|W]OLFKVHKU
HLOLJ YRP 7DWRUW ZHJ]XNRPPHQ ª'HU 0DQQ OLHJW LP .UDQNHQKDXV (U KDW GHQ *UDEHQ KLHU JH]RJHQ ,FK ELQ OHW]WH 1DFKW LQ GLHVHP *UDEHQ JHVWROSHUW 8QG MHW]W OLHJW 3HQQLQJV /HLFKH GDQHEHQ (V PX HWZDV PLW GLHVHU XQVFKHLQEDUHQ )XUFKHDXIVLFKKDEHQ,FKZHUGHYHUVXFKHQRELFKPLWGHPDO WHQ 0DQQ VSUHFKHQ NDQQ 9LHOOHLFKW NDQQ HU PLFK ZHQLJVWHQV YHUVWHKHQ© :lKUHQG GHU &KHILQVSHNWRU VHLQH .ROOHJHQ LQ GHU QlFKVWHQ 6WDGWWHOHIRQLVFKYHUVWlQGLJWHKROWHVLFK5LFNGLH3DSLHUH XQG 6FKOVVHO IU +D]HOV 5ROOV 5R\FH XQG VWDUWHWH GHQ VFKZHUHQ :DJHQ (U WUDW GDV *DVSHGDO ZHLW GXUFK GD GHU .LHV KLQWHU GHQ5lGHUQKRFKVSULW]WH 8QJHKLQGHUW NRQQWH HU GDV 3RUWDO SDVVLHUHQ $XFK GHU 3ROL]HLSRVWHQOLHLKQGXUFK 5LFNV=LHOZDUGDV.UDQNHQKDXVLQGHPGHUDOWH0DQVRQODJ =XVSlWILHO5LFN0DVWHUVHLQGDHUGDVURWVFKZDU]JHEXQGHQH %XFK QLFKW PLWJHQRPPHQ KDWWH 9LHOOHLFKW KlWWH HV EHL GHP .UDQNHQHLQH(ULQQHUXQJDXVJHO|VW 'RFKMHW]WZROOWHHUQLFKWPHKUXPNHKUHQXPNHLQH =HLW]X YHUOLHUHQ(UKDWWHGDV *HIKOVRQVW]X VSlW ]X NRPPHQ 8QG DXIVHLQH9RUDKQXQJHQNRQQWHHUVLFKPHLVWHQVYHUODVVHQ
'HUVFKZHUH5ROOV5R\FHIHJWHZLHHLQ5HQQZDJHQGXUFKGLH .XUYHQ 5LFN VFKRQWH GHQ :DJHQ QLFKW XQG VWHOOWH HLQH QHXH 5HNRUG]HLW]XP.UDQNHQKDXVDXIhEHUDOODXIJHVWHOOWH6FKLOGHU ZLHVHQLKPGHQULFKWLJHQ:HJ 9RU GHP (LQJDQJ GHV .UDQNHQKDXVHV WDXFKWHQ ]ZHL .UDQNHQVFKZHVWHUQPLWHLQHUIDKUEDKUHQ%DKUHDXI6LHJODXE WHQ GD GHU GDKHUSUHVFKHQGH 5ROOV 5R\FH HLQHQ JHIlKUOLFK (UNUDQNWHQRGHUHLQ8QIDOORSIHUEULQJHQZUGH 6WDWWGHVVHQVSUDQJGHU3ULYDWGHWHNWLYKHUDXVXQG HUNXQGLJWH VLFKQDFK(UQLH0DQVRQV=LPPHU
ª(UVWHU 6WRFN =LPPHU © JDE GLH 6FKZHVWHU $XVNXQIW ª$EHU6LHPVVHQVLFKEHHLOHQVRQVWN|QQHQ6LHQLFKWPLWLKP VSUHFKHQ/DQJHEOHLEWHUQLFKWPHKUEHLXQV© ª6LHKWHVVRVFKOLPPDXV"©IUDJWH5LFNHUVFKURFNHQ 'DVWUDJLVFKH(QGHVHLQHV9HWWHUVVWDQGQRFKJDQ]IULVFKYRU VHLQHP JHLVWLJHQ $XJH 6ROOWH (UQLH 0DQVRQ VHLQ =X VDPPHQWUHIIHQ PLW GHU EHUVLQQOLFKHQ .UDIW YRQ 3HQIRUG &DVWOHHEHQIDOOVPLWGHP/HEHQEH]DKOHQPVVHQ" ª0U 0DQVRQ ZLUG KHXWH HQWODVVHQ© DQWZRUWHWH GLH 6FKZHVWHUOlFKHOQGª(UKDWVLFKEHLXQVEOHQGHQGHUKROW© (UOHLFKWHUW VXFKWH 5LFN 0DVWHUV QDFK GHP =LPPHU GHV DOWHQ 0DQQHV XQG VWDQG HQGOLFK HLQHP DXVJHUXKW ZLUNHQGHQ EOHQGHQG JHODXQWHQ 0DQQ $QIDQJ VHFK]LJ JHJHQEHU GHU HV RIIHQEDUQLFKWHUZDUWHQNRQQWHGDV.UDQNHQKDXV]XYHUODVVHQ 5LFNVWHOOWHVLFKYRUXQGHUNOlUWHZHVKDOEHUJHNRPPHQZDU ª0UV +DOOLQJIRUG KDW PLFK EHDXIWUDJW ,KUHQ 8QIDOO ]X XQWHUVXFKHQ 0U 0DQVRQ© EHKDXSWHWH HU ª6LH EUDFKHQ ]XVDPPHQ ZlKUHQG 6LH IU 0UV +DOOLQJIRUG DUEHLWHWHQ 'DV N|QQWHXQWHU8PVWlQGHQIUGLH9HUVLFKHUXQJZLFKWLJVHLQ© ª'DVYHUVWHKHLFKVFKRQ©HUZLGHUWHGHUDOWH0DQVRQ ª$EHU GD PDQ GHVKDOE JOHLFK HLQHQ /RQGRQHU 3ULYDWGHWHNWLY VFKLFNW©(UVFKWWHOWHGHQ.RSIª6RZLFKWLJELQLFKQXQDXFK ZLHGHUQLFKW© ª6LH VROOWHQ VLFK QLFKW XQWHUVFKlW]HQ 0U 0DQVRQ© HQWJHJQHWH5LFNIUHXQGOLFKª:LHZDUGDVQXQPLWGHP8QIDOO" +DEHQ6LH]XVFKZHUJHDUEHLWHW"© ª8QIDOO"© 0DQVRQ VFKWWHOWH GHQ .RSI ª,FK ZHL ZLUNOLFK QLFKWZLHHVSDVVLHUWLVWDEHUHLQ8QIDOOZDUHVEHVWLPPWQLFKW ,FKNDQQPLFKQLFKWPHKUVRJHQDXHULQQHUQ,FKZHLQXUGD LFK HLQHQ VFKPDOHQ *UDEHQ JH]RJHQ KDEH 0UV +DOOLQJIRUG ZROOWHQRFKHLQ.DEHOIUHLQHQ %HOHXFKWXQJVN|USHU YHUOHJHQ 8QGSO|W]OLFK«© (U EUDFK DE VHLQ %OLFN ZXUGH VWXPSI 5LFN EHXJWH VLFK YRU XQGUWWHOWHGHQDOWHQ0DQQDQGHU6FKXOWHU
ª0U 0DQVRQ ZDV LVW GDQQ SDVVLHUW"© GUlQJWH HU ª6LH VLQG ]XVDPPHQJHEURFKHQ:HVKDOE"© ª,FK « LFK ZHL HV QLFKW© VFKULH 0DQVRQ DXI ,Q VHLQ *HVLFKW WUDW GHU $XVGUXFN K|FKVWHQ (QWVHW]HQV XQG *UDXHQV ª,FKKDEH HWZDV² JHIXQGHQ²XQG«0RUG(V ZDU 0RUG ,FK ZHL GD HV 0RUG ZDU DEHU QLHPDQG DKQW HWZDV 'DV *UDE«*UDE«© 5LFN ZXUGH YRQ HLQHU KDUWHQ +DQG DQ GHU 6FKXOWHU JHSDFNW XQG]XU6HLWHJHVFKREHQ(LQ$U]W GUlQJWH VLFK DQ LKP YRUEHL XQGEHXJWHVLFKEHU(UQLH0DQVRQ ª:DVKDEHQ6LHPLWGHP0DQQJHPDFKW"©IXKUGHU$U]W5LFN DQª:LHVRKDWGHU3DWLHQWHLQHQ5FNIDOOHUOLWWHQ"© ª6LH VLQG GHU $U]W DOVR PWHQ 6LH HV ZLVVHQ© DQWZRUWHWH 5LFNNKOXQGHUKREVLFK ª0U 0DQVRQ ZDU JHKHLOW© EHKDXSWHWH GHU $U]W ª:LU ZROOWHQLKQKHXWHHQWODVVHQ© ª*HKHLOW²ZRYRQ"©IUDJWH5LFNVFKDUIª:RUDQOLWWHUGHQQ 'RNWRU"© 'HU $U]W GUHKWH VLFK NXU] XP XQG PD LKQ PLW HLQHP XQVLFKHUHQ%OLFNª,FKGDUI)UHPGHQJHJHQEHUNHLQH$XVNXQIW JHEHQ©PXUPHOWHHU ª*XWH$XVUHGHDEHULFKGXUFKVFKDXH6LH©JDEGHU3ULYDWGH WHNWLY ]XUFN ª1LHPDQG LQ GLHVHP .UDQNHQKDXV KDW HLQH $KQXQJ ZRUDQ (UQLH 0DQVRQ JHOLWWHQ KDW XQG MHW]W ZLHGHU OHLGHW© 'DPLWOLHHUGHQ$U]WVWHKHQXQGJLQJ]XU7U)ULKQVWDQG IHVWGD0DQVRQQRFKLPPHUXQWHUGHPVFKZHUHQ6FKRFNOLWW GHQ HU DXI 3HQIRUG &DVWOH HUOLWWHQ KDWWH DOV HU 2SIHU HLQHV EHUVLQQOLFKHQ 3KlQRPHQ ZXUGH 'LH .XQVW GHU bU]WH ZUGH GDQLFKWYLHOKHOIHQ ª:HQQ 6LH HWZDV EUDXFKHQ LFK ELQ DXI 3HQIRUG &DVWOH ]X HUUHLFKHQ© VDJWH 5LFN ]X GHP $U]W GHU LKP GHQ 5FNHQ ]X ZDQGWHª5LFN0DVWHUV3ULYDWGHWHNWLYDXV/RQGRQ© 'DPLWYHUOLHHUGDV.UDQNHQ]LPPHU
(UQLH 0DQVRQ ZXUGH KHXWH QLFKW DOV JHKHLOW HQWODVVHQ (U KDWWHDEHULPPHUQRFKPHKU*OFNJHKDEWDOV*HRUJH3HQQLQJ 5LFNV 9HWWHU GHU GHQ .RQWDNW PLW GHP hEHUVLQQOLFKHQ QLFKW EHUOHEWKDWWH
:lKUHQG GHU 5FNIDKUW QDFK 3HQIRUG &DVWOH OLH VLFK 5LFN 0DVWHUV PHKU =HLW DOV EHL GHU +LQIDKUW (U YHUVXFKWH VHLQH *HGDQNHQ ]X RUGQHQ XQG 6LQQ LQ GHQ JDQ]HQ )DOO ]X EULQJHQ GRFK HU VWUHQJWH VLFK YHUJHEOLFK DQ :HQQ HU HLQPDO JODXEWH GHQ $QIDQJ HLQHU (UNOlUXQJ JHIXQGHQ ]X KDEHQ HQWJOLWW LKP GHU )DGHQ VSlWHVWHQV QDFK HLQHU KDOEHQ 0LQXWH ZHLO HLQ :LGHUVSUXFKDXIWDXFKWHGHQHUQLFKWPHKUHQWZLUUHQNRQQWH (V ZDU ]XP 9HU]ZHLIHOQ $XI GHU HLQHQ 6HLWH KDWWH 5LFN 0DVWHUV QLFKW GDV *HIKO HV PLW HLQHU E|VHQ .UDIW ]X WXQ ]X KDEHQ (U JODXEWH HKHU DQ HLQHQ ]XIlOOLJHQ .RQWDNW PLW HLQHP *HLVW$QGHUHUVHLWVJDEHVEHUHLWV]ZHL7RGHVRSIHU $XFK ZHQQ &KHILQVSHNWRU +HPSVKDZ EHKDXSWHWH GD &RORQHO5LSOH\HLQHVQDWUOLFKHQ7RGHVJHVWRUEHQZDUJODXEWH 5LFNDQHLQHQGLUHNWHQ=XVDPPHQKDQJPLWGHQEHUVLQQOLFKHQ (UVFKHLQXQJHQLP6FKOR %HYRU HU HLQH /|VXQJ JHIXQGHQ KDWWH WUDI HU ZLHGHU DXI 3HQIRUG&DVWOHHLQ 'LH3ROL]HLZDUQRFKDQGHU$UEHLWXQGVLFKHUWHDOOH6SXUHQ GLHPLW*HRUJH3HQQLQJV7RG]XWXQ KDWWHQ (LQ 6WFN DEVHLWV VWDQGHLQ.UDQNHQZDJHQPLWJHVFKORVVHQHQ7UHQ &KHILQVSHNWRU+HPSVKDZVSUDFKPLWGHP,QVSHNWRUXQGGHQ EHLGHQ 6HUJHDQWHQ GLH DXV GHU QlFKVWHQ 6WDGW JHNRPPHQ ZDUHQ $OV HU GHQ 5ROOV 5R\FH EHPHUNWH GHQ 5LFN DXI GHQ 3DUNSODW]VWHXHUWHYHUDEVFKLHGHWHHUVLFKYRQVHLQHQ.ROOHJHQ XQGNDP]XGHP3ULYDWGHWHNWLYKHUEHU ª+DEHQ 6LH HWZDV HUUHLFKW 5LFN"© IUDJWH GHU &KHILQVSHNWRU JHVSDQQWVREDOG5LFNGLH7U|IIQHWH
ª1LFKW YLHO© DQWZRUWHWH GHU 3ULYDWGHWHNWLY ZDKUKHLWVJHPl ª,FK ZHL MHW]W QXU GD (UQLH 0DQVRQ NHLQHQ 6FKODJDQIDOO RGHU+HU]DQIDOOHUOLWWHQKDWVRQGHUQGDHUVRZLH*HRUJHDXI HLQEHUVLQQ«© ª5LFN© XQWHUEUDFK LKQ +HPSVKDZ KDVWLJ ª'HU $U]W KDW ,KUHQ 9HWWHU XQWHUVXFKW +HU]YHUVDJHQ HLQ JDQ] QDWUOLFKHU 7RG© ª6R ZLH EHL &RORQHO 5LSOH\© EHPHUNWH 5LFN ZWHQG ª8QG GDV QHQQHQ 6LH QDWUOLFK" 0HUNHQ 6LH QLFKW ZDV GD KLQWHUVWHFNW" 'HQNHQ 6LH QXU DQ GLHVHQ VFKZDU]HQ 7RWHQVFKl GHOGHUVLFKDXIGHU6WLUQGHV&RORQHOVDEJH]HLFKQHWKDW"2GHU KDEHQ6LHGDVVFKRQYHUJHVVHQ"© $QVWHOOH HLQHU $QWZRUW JLQJ GHU &KHILQVSHNWRU DXI GHQ .UDQNHQZDJHQ ]X XQG |IIQHWH GLH KLQWHUHQ 7UHQ 5LFN HU EOLFNWH GLH %DKUH DXI GHU GLH /HLFKH VHLQHV 9HWWHUV DQJH VFKQDOOWODJ ª+LHU VHKHQ 6LH© IRUGHUWH LKQ GHU &KHILQVSHNWRU DXI (U VFKOXJGLH'HFNH]XUFNXQGHQWEO|WHGDV*HVLFKWGHV7RWHQ 5LFNV $XJHQ ]RJHQ VLFK ]X VFKPDOHQ 6FKOLW]HQ ]XVDPPHQ DOV HU GDV VFKZDU]H 0DO DXI GHU 6WLUQ HUEOLFNWH (V KDWWH GLH )RUPHLQHV7RWHQVFKlGHOVZLHEHL&RORQHO5LSOH\ ª:DV VDJWH GHU $U]W GD]X"© IUDJWH HU PLW EHOHJWHU 6WLPPH XQG EOLFNWH VLFK QDFK DOOHQ 6HLWHQ XP RE HU LUJHQGZR +D]HO RGHU (OVD HUEOLFNWH =X VHLQHU (UOHLFKWHUXQJ ]HLJWHQ VLH VLFK QLFKW 'HU &KHILQVSHNWRU VFKLHQ VHLQH *HGDQNHQ ]X HUUDWHQ ª0UV .HQW NPPHUW VLFK XP 0UV 3HQQLQJ© VDJWH HU ª'LH bUPVWH LVW PLW GHQ 1HUYHQ Y|OOLJ IHUWLJ© (U UlXVSHUWH VLFK XP VHLQH *HIKOH XQWHU .RQWUROOH ]X EHNRPPHQ ª:DV GHU $U]W ]X GLHVHQ 7RWHQVFKlGHOQ JHVDJW KDW" 1LFKW YLHO (V JLEW NHLQH YHUQQIWLJH (UNOlUXQJ 'LHVHV *HELOGH VLHKW VR DXV ZLH HLQ 0XWWHUPDORGHUZLH HLQ%UDQGPDO GRFK QLHPDQG ZHL ZLHVR HVDXIGHU6WLUQGHV7RWHQHUVFKLHQHQLVW© 5LFN 0DVWHUV ]RJ GLH 'HFNH ZLHGHU EHU GDV *HVLFKW VHLQHV
WRWHQ 9HUZDQGWHQ XQG VFKOXJ GLH :DJHQWUHQ ]X ª,FK KDEH ,KQHQ GLH ULFKWLJH (UNOlUXQJ JHERWHQ .HQQHWK© PHLQWH HU ª$EHU6LHZROOHQPLUQLFKWJODXEHQ'DQQDUEHLWHLFKHEHQDXI HLJHQH)DXVWZHLWHUZLHVFKRQVRRIW© ª9LHOOHLFKWEULQJHQJHQDXHUH8QWHUVXFKXQJHQGHQ*UXQGDQV 7DJHVOLFKW©ZLFK&KHILQVSHNWRU+HPSVKDZHLQHU$QWZRUWDXV 5LFN 0DVWHUV NDQQWH GDV (KH +HPSVKDZ ]XJDE GD LQ HLQHP VHLQHU )lOOH HLQH EHUVLQQOLFKH .UDIW LP 6SLHO ZDU PXWH HV HLQGHXWLJH %HZHLVH GDIU JHEHQ 8QG VHOEVW GDQQ QRFKVXFKWHHUYHU]ZHLIHOWQDFKHLQHUQDWUOLFKHQ(UNOlUXQJ ª6LU N|QQHQ ZLU IDKUHQ"© ULHI HLQ 0DQQ LQ HLQHU JUDXHQ 8QLIRUPPLWHLQHUVFKZDU]HQ0W]H]X+HPSVKDZKHUEHU 'HU &KHILQVSHNWRU QLFNWH XQG GHU 8QLIRUPLHUWH EHVWLHJ ]XVDPPHQPLWHLQHP]ZHLWHQ0DQQGHQ.UDQNHQZDJHQ ª6LH PVVHQ PLU QRFK JHQDXHU HUNOlUHQ ZDV VLFK LQQHUKDOE GHU YLHUXQG]ZDQ]LJ 6WXQGHQ DEJHVSLHOW KDW LQ GHQHQ 3HQIRUG &DVWOH YRQ GHU $XHQZHOW DEJHVFKQLWWHQ ZDU© &KHILQVSHNWRU +HPSVKDZ NORSIWH 5LFN 0DVWHUV DXI GLH 6FKXOWHU ª7UlXPHQ 6LH 5LFN"© IUDJWH HU XQJHGXOGLJ ª,FK EUDXFKH ,KUH $XVVDJH IUGLH3URWRNROOH© 5LFN0DVWHUVEOLFNWHKLQWHUGHP.UDQNHQZDJHQKHUGHUVLFK LQ PlLJHP 7HPSR GHP +DXSWSRUWDO QlKHUWH 'XUFK +HPSVKDZ DEJHOHQNW GUHKWH HU VLFK XP XQG ZROOWH HWZDV VDJHQDOVHLQRKUHQEHWlXEHQGHU.UDFKHUVFKROO 5LFNXQG+HPSVKDZZLUEHOWHQKHUXPXQGVWDUUWHQHUVFKURN NHQ ]XP +DXSWSRUWDO 6LH NRQQWHQ DOOHUGLQJV QLFKW JHQDX HUNHQQHQZDVGRUWJHVFKHKHQZDUZHLOHLQHGLFKWH1HEHOZDQG GLH6LFKWYHUVSHUUWH ª:LH NRQQWH GDV SDVVLHUHQ"© VFKULH GHU &KHILQVSHNWRU XQG ZLQNWHGHQEULJHQ3ROL]LVWHQ]XGLHVLFKYHUZLUUWXPVDKHQ 5LFNZDUWHWHQLFKWDEELVGLHDQGHUHQHWZDVXQWHUQDKPHQ(U UDQQWHDXIGLH5DXFKXQG1HEHOZRONHQ]X 6FKRQMHW]WPDFKWHHUVLFKDXIGDV6FKOLPPVWHJHIDW
1RFK EHYRU 5LFN 0DVWHUV GHQ YHUXQJOFNWHQ .UDQNHQZDJHQ HUUHLFKWHO|VWHVLFKGHU1HEHOODQJVDPZLHGHUDXI(UKDWWHQXU IUZHQLJH6HNXQGHQGHQ:DJHQXPKOOWXQGVLFKGDEHLQLFKW ZHLWHUDXVJHGHKQW (UOHLFKWHUW VWHOOWH GHU 3ULYDWGHWHNWLY IHVW GD GDV )DKU]HXJ QLFKW LQ %UDQG JHUDWHQ ZDU .HXFKHQG ZDUI HU VLFK JHJHQ GLH 6HLWHQWUXQGULVLHDXI %HL GHP $XISUDOO JHJHQ HLQHQ GHU VWHLQHUQHQ 3IHLOHU GHV +DXSWSRUWDOV ZDUHQ GLH EHLGHQ %HJOHLWHU GHV .UDQNHQ WUDQVSRUWHUVEHWlXEWZRUGHQ5LFNXQWHUVXFKWHVLH IOFKWLJ6LH VFKLHQHQPLWHLQLJHQ3UHOOXQJHQGDYRQJHNRPPHQ]XVHLQ )RUVFKHQGEOLFNWHHUVLFKQDFKDOOHQ6HLWHQXP(VJDENHLQHQ HUNHQQEDUHQ *UXQG IU GHQ 8QIDOO $OV HU SUREHZHLVH DP /HQNUDGGUHKWHNRQQWHHUDXFKKLHUNHLQHQ)HKOHUIHVWVWHOOHQ 'HU .KOHU GHV .UDQNHQZDJHQV ZDU EHWUlFKWOLFK HLQJHEHXOW GDVUHFKWH9RUGHUUDGDXVGHU9HUDQNHUXQJJHULVVHQ(UNRQQWH VLFK QLFKW YRUVWHOOHQ GD GHU $XISUDOO EHL GHU JHULQJHQ *HVFKZLQGLJNHLWGHV:DJHQVVRKHIWLJJHZHVHQZDU $EHUGDVDOOHVZDUQXUHLQH%HVWlWLJXQJIUVHLQH9HUPXWXQJ GD GLHVHU 8QIDOO DXI NHLQH QDWUOLFKHQ 8UVDFKHQ ]XUFNJLQJ 'HU VHOWVDPH 1HEHO GHU XQPLWWHOEDU QDFK GHP $XISUDOO GHQ :DJHQXPJHEHQKDWWHZDUHLQZHLWHUHU%HZHLV &KHILQVSHNWRU +HPSVKDZ XQG GLH EULJHQ 3ROL]LVWHQ HUUHLFKWHQ GDV :UDFN 'LH EHLGHQ %HJOHLWHU GHV :DJHQV ZXU GHQ KHUDXVJHKREHQ XQG DXI GHQ 5DVHQ JHOHJW 'HU $U]W NPPHUWHVLFKXPVLH ª1LFKWV 6FKOLPPHV© PHOGHWH HU EHUHLWV QDFK HLQHU NXU]HQ 8QWHUVXFKXQJ ª6LH ZHUGHQ EDOG ZLHGHU ]X VLFK NRPPHQ 7URW]GHPP|FKWHLFKVLHLQV.UDQNHQKDXVEULQJHQ© (LQHUGHUEHLGHQ6HUJHDQWHQEHUQDKPGHQ7UDQVSRUW 'HU ,QVSHNWRU JDE GHP ]ZHLWHQ HLQ =HLFKHQ ª6LH VFKDIIHQ GLH/HLFKHZHJ©RUGQHWHHUDQ
,Q GLHVHP 0RPHQW NDP 5LFN HLQ VFKRFNLHUHQGHU *HGDQNH 'LH JDQ]H =HLW EHU KDWWH HU VLFK GHQ .RSI ]HUEURFKHQ ZLHVR HV ]X GLHVHP 8QIDOO JHNRPPHQ ZDU 1XQ JODXEWH HU GHQ *UXQG]XNHQQHQ 'HU 6HUJHDQW XPUXQGHWH GDV :UDFN |IIQHWH GLH KLQWHUHQ 7UHQXQGO|VWHGLH9HUULHJHOXQJGHU%DKUH(UVWXW]WHEHXJWH VLFKLQGDV:DJHQLQQHUHXQGVFKOXJGLH'HFNH]XUFN %HL VHLQHP $XIVFKUHL ZLUEHOWHQ DOOH ]X LKP KHUXP 6FKUHN NHQVEOHLFKNDPHUDXVGHP:DJHQJHNOHWWHUWXQGPXWHKHIWLJ VFKOXFNHQHKHHUHLQ:RUWKHUDXVEUDFKWH ª'HU7RWH²GHU7RWHLVWZHJ©ULHIHUHQWVHW]W &KHILQVSHNWRU+HPSVKDZGUlQJWHVLFKDQGHQDQGHUHQYRUEHL XQG EHU]HXJWH VLFK GDYRQ GD GHU 6HUJHDQW VLFK QLFKW JHLUUW KDWWH =X GULWW GXUFKVXFKWHQ VLH GHQ .UDQNHQZDJHQ RKQH GLH JHULQJVWH6SXU]XILQGHQ ª-HPDQG KDW GLH /HLFKH JHVWRKOHQ DQGHUV LVW GDV QLFKW P|JOLFK© HU|IIQHWH GHU ,QVSHNWRU GHU |UWOLFKHQ 3ROL]HL 0DQ VDK LKP DQ GD HU VHOEVW QLFKW VR UHFKW DQ GLHVH (UNOlUXQJ JODXEWHª,FKODVVHVRIRUWHLQH)DKQGXQJQDFKGHQ/HLFKHQUlX EHUQDQODXIHQ© 5LFN 0DVWHUV ILQJ YRQ &KHILQVSHNWRU +HPSVKDZ HLQHQ VHKU QDFKGHQNOLFKHQ %OLFN DXI (QGOLFK VFKLHQ VLFK GHU &KHILQ VSHNWRU]XU5LFNV0HLQXQJGXUFK]XULQJHQGDDXFKLQGLHVHP )DOOEHUVLQQOLFKH.UlIWHDP:HUNZDUHQ 'HQQQXUGXUFKLKU :LUNHQZDUGDV9HUVFKZLQGHQGHU/HLFKH]XHUNOlUHQ 5LFN 0DVWHUV ZDUWHWH DE ELV HLQHU GHU 6HUJHDQWHQ PLW GHQ OHLFKW YHUOHW]WHQ )DKUHUQ GHV .UDQNHQZDJHQV VWDUWHWH GDQQ ZROOWH HU LQV 6FKOR JHKHQ XP QDFK +D]HO ]X VHKHQ 'HU ,QVSHNWRU VWDQG DQ VHLQHP :DJHQ XQG JDE GDV VSXUORVH 9HUVFKZLQGHQGHU/HLFKHEHU)XQNGXUFK 5LFNV %OLFN ILHO DXI GHQ &KHILQVSHNWRU 9HUVWRKOHQ PDFKWH LKP +HPSVKDZ HLQ =HLFKHQ XQG JLQJ ODQJVDP WLHIHU LQ GHQ 6FKORSDUNKLQHLQ 'HU3ULYDWGHWHNWLYIROJWHLKP9LHOOHLFKWZDUHVMHW]WP|JOLFK
PLW+HPSVKDZYHUQQIWLJ]XVSUHFKHQ
(LQH:HLOHJLQJHQVLHVFKZHLJHQGQHEHQHLQDQGHUKHUELVGHU &KHILQVSHNWRUHQGOLFKVWHKHQEOLHEXQGVLFKDQ5LFNZDQGWH ª6LH KDEHQ PLFK ]ZDU QLFKW UHVWORV EHU]HXJW© ILQJ +HPSVKDZ DQ ªDEHU YRUOlXILJ JODXEH LFK ,KQHQ ,FK KDEH QlPOLFKJDQ]GHXWOLFKJHVHKHQGDVLFKGLHVH1HEHOVFKZDGHQ DXI GHQ .UDQNHQZDJHQ VHOEVW EHVFKUlQNW KDEHQ 1LHPDQG KDW VLFKGHP:DJHQJHQlKHUWVFKRQJDUQLFKW/HLFKHQUlXEHU8QG WURW]GHPLVWGHU7RWHZHJ© ª(QGOLFK KDEHQ 6LH HLQPDO HLQHQ ,KUHU XQXPVW|OLFKHQ %HZHLVH© VHXI]WH 5LFN 0DVWHUV HUOHLFKWHUW ª:DV ZHUGHQ 6LH MHW]WXQWHUQHKPHQ.HQQHWK"© 'HU &KHILQVSHNWRU ]XFNWH GLH 6FKXOWHUQ ª'DV NRPPW JDQ] GDUDXIDQZLH,KUH7KHRULHGHV)DOOHVDXVVLHKW©DQWZRUWHWHHU YRUVLFKWLJª,FKVHOEVWZHLPLULP0RPHQWNHLQHQ5DWPHKU© 5LFN K|UWH LKP PLW JHPLVFKWHQ *HIKOHQ ]X 6FKOLHOLFK ZXWH HU DXFK QRFK QLFKW ZLH GLH HLQ]HOQHQ (UHLJQLVVH DXI 3HQIRUG &DVWOH ]XHLQDQGHU SDWHQ 'RFK GDQQ HQWZLFNHOWH HU GRFKVHLQH7KHRULH ª$PPHLVWHQ.RSI]HUEUHFKHQEHUHLWHWPLU GLH 7DWVDFKH GD GLH EULJHQ *lVWH XQG GLH $QJHK|ULJHQ GHV +RWHOSHUVRQDOV HLQIDFK YHUVFKZXQGHQ ZDUHQ© HUNOlUWH HU ª:LH GDV YRU VLFK JLQJ NDQQ LFK QLFKW HUNOlUHQ .HQQHWK 0DQFKH 'LQJH HQW]LHKHQ VLFK HLQIDFK XQVHUHU 9RUVWHOOXQJVNUDIW $EHU LFK ELQ QDFK ZLH YRU GDYRQ EHU]HXJW GD HLQ :HVHQ DXV HLQHU DQGHUHQ:HOW.RQWDNWPLWXQVDXIQHKPHQZROOWH(VZROOWHXQV QLFKW VFKDGHQ VRQVW KlWWH HV XQV HLQIDFK JHW|WHW (V KDW XQV DXFKQLFKWJHSHLQLJWREZRKOHVGLH0LWWHOGD]XJHKDEWKlWWH© ª8QGZLHVRNDPGDQQGLHVHU.RQWDNWQLFKW]XVWDQGH"© ZDUI GHU&KHILQVSHNWRUVNHSWLVFKHLQ (U NRQQWH 5LFN QLFKW ZLGHUVSUHFKHQ DEHU QDFK ZLH YRU
SODJWHQLKQ=ZHLIHODQGHU7KHRULHGHV3ULYDWGHWHNWLYV ª.HQQHWK HLQ *HLVW NDQQ QLFKW HLQIDFK ]X MHGHP 0HQVFKHQ VSUHFKHQ© HUOlXWHUWH GHU 3ULYDWGHWHNWLY ª:LU KDEHQ RKQHGLHV HLQHQ GHXWOLFKHQ +LQZHLV GXUFK GLHVHV VFKZDU]URW JHEXQGHQH %XFKHUKDOWHQ:LUYHUVWHKHQLKQQXUQRFKQLFKW© ª9LHOOHLFKW NDQQ LFK ,KQHQ ZHLWHUKHOIHQ© YHUNQGHWH GHU &KHILQVSHNWRU PLW HLQHP ]XIULHGHQHQ /lFKHOQ ª,FK ZDU QLFKW XQWlWLJ 5LFN +DEHQ 6LH VLFK VFKRQ XP GHQ 9HUIDVVHU GLHVHV *HVFKLFKWVEXFKHVJHNPPHUW"© 5LFN 0DVWHUV VFKWWHOWH GHQ .RSI ª1HLQ LFK KDEH QXU GHQ ,QKDOW GXUFKJHDUEHLWHW ,FK GDFKWH GD LFK HLQHQ +LQZHLV DXI HLQH%OXWWDWLQGHU9HUJDQJHQKHLWILQGH© ª'HU $XWRU GLHVHV %XFKHV KLH -DPHV 7XFNHU© 'HU &KHILQVSHNWRUOHJWHHLQHZLUNXQJVYROOH3DXVHHLQª9RUVLHEHQ XQGGUHLLJ-DKUHQYHUVFKZDQGHUVSXUORV(UZDUGDPDOV6ROGDW XQG ZDU LQ GHU 1lKH YRQ 3HQIRUG &DVWOH VWDWLRQLHUW 6HLQH (LQKHLW VROOWH LQ GHQ QlFKVWHQ 7DJHQ QDFK )UDQNUHLFK YHUOHJW ZHUGHQ(UNDPHLQHV$EHQGVQLFKWPHKU]XUFNXQGZXUGHDOV 'HVHUWHXUJHVXFKW0DQKDWQLHZLHGHUHWZDVYRQLKPJHK|UW© ª6HKU LQWHUHVVDQW© VWHOOWH 5LFN IHVW ª(QGOLFK NRPPW HWZDV /LFKWLQGLH6DFKH9HUIROJWHPDQGDPDOVGHQ)DOOZHLWHU"© 'HU &KHILQVSHNWRU ]RJ VHLQ 1RWL]EXFK DXV GHU 7DVFKH XQG IDQGDXI$QKLHEGLHULFKWLJH6HLWH ª(VZDU.ULHJ5LFN©JDEHU]XEHGHQNHQª'LH7UXSSHGHU 7XFNHU DQJHK|UWH ZXUGH VRJDU ]ZHL 7DJH IUKHU DOV JHSODQW QDFK )UDQNUHLFK JHEUDFKW 'LH (UHLJQLVVH EHUVWU]WHQ VLFK =ZDU KDW GLH 3ROL]HL LQ GHU JDQ]HQ *UDIVFKDIW QDFK GHP DQJHEOLFKHQ 'HVHUWHXU -DPHV 7XFNHU JHVXFKW LKQ DEHU QLFKW JHIXQGHQ8QGZLHVFKRQHUZlKQWQDFKGHP.ULHJLVWHUDXFK QLFKW PHKU DXIJHWDXFKW 9LHOOHLFKW LVW HU DXVJHZDQGHUW YLHOOHLFKW EHL HLQHU DQGHUHQ 7UXSSH LP .DPSI JHIDOOHQ 9LHOOHLFKWDEHUKDWHU HLQHQ DQGHUHQ 1DPHQ DQJHQRPPHQ XQG LVWXQWHUJHWDXFKW© ª2GHU HU VWDUE GDPDOV YRU VLHEHQXQGGUHLLJ -DKUHQ KLHU DXI
3HQIRUG&DVWOH©HUJlQ]WH5LFN0DVWHUV &KHILQVSHNWRU +HPSVKDZ ]RJ GLH $XJHQEUDXHQ ]XVDPPHQ XQGVFKWWHOWHGHQ.RSI ª:LHNRPPHQ6LHDXIGLHVH,GHH5LFN"©IRUVFKWHHU ª:HLO HV GDQQ HLQHQ *UXQG JlEH ZDUXP VHLQ *HLVW KLHU VSXNW©DQWZRUWHWH5LFN ª6HKUZHLWKHUJHKROW©EUXPPWHGHU&KHILQVSHNWRUVNHSWLVFK ª,FKJODXEHQLFKWGD6LHJHQJHQG%HZHLVHIUGLHVH7KHRULH ILQGHQZHUGHQ© ª$EZDUWHQ© ZLGHUVSUDFK GHU 3ULYDWGHWHNWLY ]XYHUVLFKWOLFK ª.HQQHWKLFKELQEHU]HXJWGDVLFKGHU*HLVWZLHGHUEHLPLU PHOGHQ ZLUG (U KDW PHKUPDOV YHUVXFKW GLH *HVWDOW HLQHV LP 6FKOR OHEHQGHQ 0HQVFKHQ DQ]XQHKPHQ *DQ] LVW LKP GDV QLFKWJHJOFNWHUKDWVLFKZLHGHULQHLQ6NHOHWWYHUZDQGHOWXQG LVW VFKOLHOLFK YHUVFKZXQGHQ $EHU HU ZLUG QRFK HLQPDO .RQWDNWDXIQHKPHQ© hEHU GDV *HVLFKW GHV &KHILQVSHNWRUV JOLWW HLQ NQDSSHV /lFKHOQ ª'DQQHUNOlUHQ6LHPLUQXUQRFK5LFN©YHUODQJWHHUªZLHVR ,KUDQJHEOLFKVRIULHGOLFKHU*HLVWGHQ&RORQHOXQG,KUHQ9HWWHU W|WHWH REZRKO 0U 0DQVRQ QXU NUDPSIDUWLJH $QIlOOH HUOLWW 8QG VHW]HQ 6LH PLU DXVHLQDQGHU ZR GLH /HLFKH ,KUHV 9HWWHUV LVW© 5LFN 0DVWHUV VHXI]WH ª,FK ELQ NHLQ +HOOVHKHU .HQQHWK© HQWJHJQHWH HU ª:DUWHQ ZLU DE GD GHU *HLVW QRFK HLQPDO .RQWDNW DXIQLPPW ,FK ELQ VLFKHU GD ZLU LKQ GDQQ EHVVHU YHUVWHKHQZHUGHQ© ª,FKZLOOQLHPDQGHQEHVVHUYHUVWHKHQVFKRQ JDU QLFKW HLQHQ *HLVW©HUZLGHUWH+HPSVKDZJHUHL]Wª,FKZLOOGLHUlWVHOKDIWHQ 7RGHVIlOOH DXINOlUHQ XQG QHXHV 8QJOFN YHUPHLGHQ 8QG LFK ZLOO HLQH /HLFKH ZLHGHUILQGHQ GLH VLFK YRU PHLQHQ $XJHQ DXIJHO|VWKDW© ª'DQQ KDEHQ ZLU MD ZLHGHU HLQPDO GDVVHOEH =LHO© VWHOOWH 5LFN0DVWHUVOlFKHOQGIHVWª(VKDWQXUVHKUODQJHJHGDXHUWELV
6LHHVJHPHUNWKDEHQ.HQQHWK© 'HU &KHILQVSHNWRU ZDUI LKP HLQHQ IRUVFKHQGHQ %OLFN ]X (U ZDUVLFKLQGLHVHP0RPHQWQLFKWVLFKHUREVLFK5LFNEHULKQ OXVWLJ PDFKWH RGHU QLFKW (QGOLFK ZDQGWH HU VLFK PLW HLQHP XQJHGXOGLJHQ$FKVHO]XFNHQDE 5LFN 0DVWHUV EOLFNWH QRFK HLQH :HLOH KLQWHU LKP KHU GDQQ EHWUDW HU GDV 6FKOR GDV HLQ GVWHUHV *HKHLPQLV LQ VHLQHQ 0DXHUQEDUJ
'LH JDQ]H =HLW EHU KDWWH +D]HO .HQW EHL GHU MXQJHQ :LWZH :DFKHJHKDOWHQ (OVD3HQQLQJODJWHLOQDKPVORVDXILKUHP%HWWXQGVWDUUWH]XU 'HFNH 6LH UHDJLHUWH DXI QLFKWV XQG PHUNWH QLFKW HLQPDO GD 5LFNGDV=LPPHUEHWUDW +D]HO HUKRE VLFK XQG NDP LKP DQ GHU 7U HQWJHJHQ +DVWLJ VFKRE VLH LKQ DXI GHQ .RUULGRU KLQDXV NDP KLQWHUKHU XQG VFKORGLH7U ª/D VLH MHW]W LQ 5XKH 5LFN© EDW +D]HO ª6LH KDW HLQHQ VFKZHUHQ 6FKRFN HUOLWWHQ 'HU $U]W KDW LKU HLQH %HUXKL JXQJVVSULW]HJHJHEHQDEHULFKJODXEHQLFKWGDHVYLHOKHOIHQ ZLUG© +D]HO ]RJ GLH 7U HLQHQ 6SDOW DXI XQG VSlKWH LQ GHQ 5DXPª,FKKDEH$QJVWGDVLHVLFKHWZDVDQWXW© ª(OVDKDWDEHUVHKUJHIDWJHZLUNW©ZDQGWH5LFN0DVWHUVHLQ ª*DUQLFKWDOVREVLH]XHLQHU9HU]ZHLIOXQJVWDWIlKLJZlUH© ª'X VFKHLQVW QLFKW YLHO YRQ )UDXHQ ]X YHUVWHKHQ© YHUVHW]WH +D]HO ª'X PWHVW GDV HLJHQWOLFK ZLVVHQ XQG EHXUWHLOHQ N|QQHQ QLFKW ZDKU"© 5LFN ]ZDQJ VLFK ]X HLQHP IOFKWLJHQ /lFKHOQ ª6FKOLHOLFKNHQQVWGXPLFKUHFKWJXW© ª6RKDEHLFKGDVQLFKWJHPHLQW©ZHKUWH+D]HODE]ZLVFKHQ bUJHU XQG /DFKHQ VFKZDQNHQG ª,FK PHLQH GX KDVW QLFKW EHJULIIHQGD(OVDQXUIULKUHQ0DQQOHEWH6LHEHWHWHLKQDQ
'DV KDW PDQ EHL MHGHP LKUHU :RUWH JHPHUNW 8QG MHW]W LVW HU WRW,KU/HEHQKDWVHLQHQ6LQQYHUORUHQ© 5LFN QLFNWH ª,FK ZHL VFKRQ ZLH GX HV PHLQVW© PXUPHOWH HU ª6REDOG VLH VFKOlIW NRPP ]X PLU 'DQQ JHKHQ ZLU ]XP /XQFKKLQXQWHUDXIGLH7HUUDVVH© +D]HO NDP HLQH KDOEH 6WXQGH VSlWHU :lKUHQG GHV (VVHQV EHULFKWHWHLKU5LFNZDVVLFKLQGHU=ZLVFKHQ]HLWHUHLJQHWKDWWH ª$EHU ZHVKDOE LVW *HRUJHV /HLFKH YHUVFKZXQGHQ"© IUDJWH +D]HOHQWVHW]Wª'DVHUJLEWGRFKNHLQHQ6LQQ© ª%HVWLPPWVWHFNWHLQ6LQQGDKLQWHU©ZLGHUVSUDFK5LFNª:LU HUNHQQHQLKQQXUQRFKQLFKW:DUWHQZLUHVDE© 'DV (VVHQ YHUOLHI YLHO ]X KDVWLJ ZHLO VLFK +D]HO EHHLOWH ZLHGHUQDFKREHQ]X(OVD]XNRPPHQ )U GHQ 5HVW GHV 7DJHV VDK 5LFN QLFKWV PHKU YRQ VHLQHU )UHXQGLQ ª,FK KlWWH GRFK 'UDFXOD PLWQHKPHQ VROOHQ© EHPHUNWH HU YHUlUJHUW DOV HU VLFK DEHQGV YRQ LKU YHUDEVFKLHGHWH 6LH ZLFK QLFKW YRQ (OVDV 6HLWH XQG KDWWH VLFK LP =LPPHU GHU MXQJHQ :LWZH HLQ %HWW DXIVWHOOHQ ODVVHQ ª'UDFXOD ZUGH ZHQLJVWHQV LPPHUEHLPLUEOHLEHQ© ª'XZHLWJHQDXGDHUVLFKYRQGLHVHUOHLFKWHQ9HUJLIWXQJ QRFKQLFKWHUKROWKDW©ZDQGWH+D]HOHLQ 'UDFXOD ZDU 5LFNV +XQG HLQH ZLQ]LJH 3URPHQDGHQPL VFKXQJGLHHUJHUQDOVª3ROL]HLKXQG©YRUVWHOOWH ª(V ZDU VFKRQ EHVVHU 'UDFXOD LQ PHLQHP +DXV LQ JXWHU 3IOHJH]XODVVHQ© ª7URW]GHP IKOH LFK PLFK HLQVDP© EHVFKZHUWH VLFK 5LFN ª8QG GDEHL ELVW GX GLHMHQLJH GLH VLFK EHU PHLQH $UEHLW DXIUHJW$QJHEOLFKZHUGHLFKLPPHULQGHQVFK|QVWHQ0LQXWHQ GXUFKHLQHQ$XIWUDJJHVW|UW© ª-HW]W VLHKVW GX ZHQLJVWHQV HLQPDO ZLH GDV LVW© KLHOW LKP +D]HOYRUª6RZLHGLUMHW]WVRHUJHKWHVPLUVHKURIW© 5LFN JDE LKU HLQHQ .X XQG VWUHLIWH GLH VFKODIHQGH (OVD PLW HLQHPNXU]HQ%OLFN
ª,FKZHUGHHVPLU]X+HU]HQQHKPHQ©YHUVSUDFKHUª:HQQ ZLU GLHVHQ )DOO KLQWHU XQV JHEUDFKW KDEHQ ZHUGH LFK GDIU VRUJHQGDPHLQH$UEHLWXQVHUJHPHLQVDPHV/HEHQQLFKWPHKU VRRIWVW|UW© 6LH ZXWHQ EHLGH VFKRQ GD 5LFN GLHVHV 9HUVSUHFKHQ QLFKW KDOWHQNRQQWHDEHU+D]HOlXHUWHVLFKQLFKWGD]XXQG5LFN]RJ HVYRUUDVFKGHQ5DXP]XYHUODVVHQ (UJLQJLQGLH%LEOLRWKHNKLQXQWHU]RJGDVYRQ-DPHV7XFNHU YHUIDWH %XFK LP VFKZDU]URWHQ (LQEDQG ]X VLFK KHUDQ XQG PDOWH VLFK QRFK HLQPDO DXV ZDV VLFK DOOHV YRU VLHEHQXQGGUHL LJ-DKUHQLQGLHVHP6FKORDEJHVSLHOWKDEHQPRFKWH 'LH *HGDQNHQ PDFKWHQ VLFK VHOEVWlQGLJ 5LFN GDFKWH DOOH 0|JOLFKNHLWHQ GXUFK ELV LKQ HLQ *HUlXVFK DXV VHLQHQ hEHUOHJXQJHQUL 9RQGHU %LEOLRWKHNIKUWH HLQH VFKPDOH KRKH *ODVWU KLQDXV DXI HLQH 7HUUDVVH 'LH 7U KDWWH VLFK VRHEHQ JH|IIQHW XQG JOHLFKGDUDXIZLHGHUJHVFKORVVHQ /DQJVDPGUHKWHVLFK5LFN0DVWHUVXP8QDXIIlOOLJJOLWWVHLQH +DQGXQWHUVHLQH-DFNHXQGDQGHQ*ULIIVHLQHU3LVWROH 'RFKDOVHUVDKZHULQGHU%LEOLRWKHNVWDQGOLHHUGLH+DQG VLQNHQ ª'DUDXIKDEHLFKJHZDUWHW©VDJWHHUOHLVHXQGQLFNWH*HRUJH 3HQQLQJ]Xª,FKZXWHGDGX]XUFNNRPPHQZLUVW©
'HUYHUVFKZXQGHQH/HLFKQDPVWDQGZHQLJH6FKULWWHYRU5LFN 0DVWHUV 'DV *HVLFKW ZLUNWH OHEORV ZLH DXV 6WHLQ JHPHLHOW RGHU DXV :DFKV JHJRVVHQ 1LFKWV GHXWHWH GDUDXI KLQ GD GHU 7RWH VLFK DXI UlWVHOKDIWH :HLVH ZLHGHU EHZHJHQ XQG VRJDU VHOEVWlQGLJKDQGHOQNRQQWH ª%LVWGX*HRUJH"©IUDJWH5LFN0DVWHUVYRUVLFKWLJ 1RFKEUDFKWHHUVLFKQLFKWLQ6LFKHUKHLWZHLOHUQLFKWJODXEWH GDGHU7RWHHLQH*HIDKUIULKQGDUVWHOOWH
ª%LVW GX *HRUJH 3HQQLQJ"© IUDJWH HU QRFK HLQPDO HLQGULQJ OLFK 'HU]XHLQHPQHXHQ/HEHQHUZDFKWH/HLFKQDPVFKWWHOWHGHQ .RSIª,FK²ELQ²7XFNHU²-DPHV²7XFNHU©NDPHVDE JHKDFNW DXV VHLQHP 0XQG RKQH GD HU GLH /LSSHQ EHZHJWH ª-DPHV²7XFNHU«© 5LFN 0DVWHUV EHXJWH VLFK JHVSDQQW YRU ª'HU $XWRU GHV %XFKHVEHUGLH*HVFKLFKWHYRQ3HQIRUG&DVWOH©VDJWHHUOHLVH XQG HLQGULQJOLFK ª:DUXP NRPPVW GX ]X PLU" :DV LVW YRU VLHEHQXQGGUHLLJ-DKUHQJHVFKHKHQ"© -DPHV 7XFNHUV *HLVW KDWWH YRQ GHU /HLFKH *HRUJH 3HQQLQJV %HVLW]HUJULIIHQXPIUNXU]H=HLWZLHGHUHLQHQPHQVFKOLFKHQ .|USHU]XKDEHQHLQHQ.|USHUPLWGHVVHQ+LOIHHU.RQWDNW]X 5LFN RGHU DQGHUHQ 0HQVFKHQ DXIQHKPHQ NRQQWH 6RZHLW VDK 5LFN0DVWHUVNODU(UZXWHQXUQRFKQLFKWZDVGHU*HLVWGHV %XFKDXWRUVZLUNOLFKYRQLKPZROOWH ª-DPHV 7XFNHU© ULHI HU GHU VWDUUHQ *HVWDOW HQWJHJHQ ª:DV LVWGDPDOVSDVVLHUW":DVNDQQLFKGDEHLWXQ"© ª«0RUG«©'DV:RUWZHKWHZLHHLQ/XIWKDXFKGXUFKGHQ 5DXP(VEHUHLWHWHGHPOHEHQGHQ7RWHQXQVlJOLFKH6FKZLHULJ NHLWHQGLHHLQ]HOQHQ:RUWH]XIRUPHQDOVKDEHHUQLFKWJHQXJ .UDIW ]XP $WPHQ ª0RUG ² &RORQHO ² NHLQH 5XKH REZRKO &RORQHO²WRW«0RUGXQG²&RORQHO²5XKH«© 'HUOHEORVH.|USHUNUPPWH VLFK ZLH XQWHU JURHQ 6FKPHU ]HQ]XVDPPHQWRUNHOWHUFNZlUWVXQGULGLH7U]XU7HUUDVVH DXI =XP*OFNKLHOWVLFKGRUWGUDXHQLP0RPHQWQLHPDQGPHKU DXI (V KlWWH HLQH 3DQLN XQWHU GHQ *lVWHQ JHJHEHQ ZlUH GHU 7RWHSO|W]OLFKVFKHLQEDUOHEHQGLJZLHGHUDXIJHWDXFKW 5LFN0DVWHUVVSUDQJDXIXQGOLHIKLQWHUGHPOHEHQGHQ7RWHQ KHU(UZROOWHLKQDXIKDOWHQXPPHKU]XHUIDKUHQGRFKHUNDP ]XVSlW$OVHUDXIGLH7HUUDVVHKLQDXVWUDWODJVLHOHHUJHIHJWYRU LKP (UODXVFKWHLQGLHHLQEUHFKHQGH1DFKWKLQDXVDEHUDXHUGHQ
EOLFKHQ*HUlXVFKHQZDUQLFKWV]XK|UHQ 5LFN 0DVWHUV NDQQWH GLH 1XPPHU GHV =LPPHUV LQ GHP &KHILQVSHNWRU +HPSVKDZ XQWHUJHEUDFKW ZDU (U ZlKOWH EHU +DXVWHOHIRQ GDV =LPPHU GLUHNW DQ XQG EHNDP GHQ &KHILQ VSHNWRUQDFKGHP]ZHLWHQ.OLQJHOWRQDQGHQ$SSDUDW ª.RPPHQ 6LH VRIRUW LQ GLH %LEOLRWKHN .HQQHWK© EDW GHU 3ULYDWGHWHNWLY =ZHL 0LQXWHQ VSlWHU VWUPWH GHU &KHILQVSHNWRU KHUHLQ XQG EOLHEYHUEOIIWVWHKHQDOVHUDXHU5LFNQLHPDQGHQHUEOLFNWH ª6ROO GDV HLQ 6FKHU] VHLQ"© IUDJWH HU PLW KRFKJH]RJHQHQ $XJHQEUDXHQ ª5LFN ZDUXP KDEHQ 6LH PLFK VR HLOLJ KLHUKHU EHVWHOOW"0HLQHQ6LHQLFKWGDLFKPLUDXFK5XKHYHUGLHQW«© ª.HQQHWKVRHEHQZDU*HRUJH3HQQLQJKLHU©XQWHUEUDFKLKQ GHU 3ULYDWGHWHNWLY XQG YHU]RJ GHQ 0XQG ]X HLQHP ZLQ]LJHQ /lFKHOQ DOV HU +HPSVKDZV 9HUEOIIXQJ VDK ª6LH KDEHQ ULFKWLJ JHK|UW .HQQHWK *HRUJH 3HQQLQJ PHLQ 9HWWHU DXV $XVWUDOLHQ (U LVW QDWUOLFK WRW DEHU -DPHV 7XFNHUV *HLVW KDW LKQEHUQRPPHQXQGEHQW]WLKQMHW]WDOV«© ª5LFNODVVHQ6LHPLFKGDPLWLQ5XKH©IXKUGHU&KHILQVSHN WRUDXIª6LHZLVVHQJDQ]JHQDXGDLFKLQHLQHPVROFKHQ)DOO QLFKWVXQWHUQHKPHQNDQQ© ª$OVR VFK|Q© VHXI]WH GHU 3ULYDWGHWHNWLY HUJHEHQ ª'DQQ ]LHKHLFKPHLQH,QIRUPDWLRQHQ]XUFN0HKUKDEHLFKQLFKW]X EHULFKWHQ© +HPSVKDZ]XFNWHGLH6FKXOWHUQXQGZDQGWHVLFK]XU7U ª0DQFKPDO PVVHQ 6LH PLFK IU XQYHUEHVVHUOLFK VWXU KDOWHQ©VDJWHGHU&KHILQVSHNWRUSO|W]OLFK ª1LFKWPDQFKPDO.HQQHWKVRQGHUQLPPHU©YHUEHVVHUWHLKQ 5LFN0DVWHUV ª9LHOOHLFKWlQGHUQ6LHHLQPDO,KU,PDJH© &KHILQVSHNWRU .HQQHWK +HPSVKDZ GURKWH VHLQHP )UHXQG VFKHU]KDIWPLWGHU)DXVW ª,KUH /L]HQ] DOV 3ULYDWVFKQIIOHU NDVVLHUH LFK HLQHV 7DJHV© YHUVSUDFKHUXQGYHUOLHGLH%LEOLRWKHN
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ª.HQQHWK 6LH PVVHQ PLU XQEHGLQJW DOOH P|JOLFKHQ ,QIRUPDWLRQHQ EHU &RORQHO 5LSOH\ EHVRUJHQ© EDW 5LFN 0D VWHUV ª,FK PX YRU DOOHP EHU VHLQH 9HUJDQJHQKHLW EHLP 0LOLWlU JHQDX %HVFKHLG ZLVVHQ :R ZDU HU YRU VLHEHQ XQGGUHLLJ-DKUHQXQGVRZHLWHU© ª)U 6LH WXH LFK EHUKDXSW QLFKWV PHKU© HUZLGHUWH GHU &KHILQVSHNWRUYHUlUJHUWª6LHKDOWHQPLFKIUVWXU© ª'DV KDEHQ 6LH EHKDXSWHW .HQQHWK© ZHKUWH 5LFN ODFKHQG DE ª8QG LFK ZLGHUVSUHFKH GRFK QLFKW HLQHP &KHILQVSHNWRU YRQ6FRWODQG
*HJHQHOI8KUQDFKWV|IIQHWHVLFKGLH7UGLHYRQGHU+DOOH LQ GLH %LEOLRWKHN IKUWH 5LFN 0DVWHUV GHU EHLP OHLVHVWHQ
*HUlXVFK KHUXPZLUEHOWH HQWVSDQQWH VLFK ZLHGHU DOV HU VHLQH )UHXQGLQHUNDQQWH +D]HO .HQW VDK PGH XQG ]HUVFKODJHQ DXV 0LW HLQHP 6HXI]HUOLHVLHVLFKQHEHQLKPDXIGDV/HGHUVRIDVLQNHQ ª,FK KDEH PLU XQVHUHQ 8UODXE ZLUNOLFK DQGHUV YRUJHVWHOOW© PXUPHOWH VLH ª+RIIHQWOLFK N|QQHQ ZLU EDOG ]XUFN QDFK /RQGRQ IDKUHQ 0HLQ %UR PLW GHQ SDXVHQORV NOLQJHOQGHQ 7HOHIRQHQLVWJHJHQGLHVHV6FKORGLUHNWHLQH(UKROXQJ© ª,FKVHKQHPLFKDXFKQDFKPHLQHP:RKQEURLQGHU&LW\© JDE5LFN]XUFNª8QGQDFK'UDFXOD© (LQH :HLOH XQWHUKLHOWHQ VLH VLFK EHU GHQ +XQG XQG NDPHQ XQZHLJHUOLFKDXIGHQDXJHQEOLFNOLFKHQ)DOO]XUFN ª+RIIHQWOLFK KDW (OVD QLFKWV YRQ GHU $XIUHJXQJ XP GLH /HLFKHLKUHV0DQQHVPLWEHNRPPHQ©PHLQWH5LFNEHVRUJWª(V PWH IU VLH IXUFKWEDU VHLQ ]X ZLVVHQ GD HLQH XQKHLPOLFKH 0DFKW%HVLW]YRQLKPHUJULIIHQKDW© ª6LH ZDU GHQ JDQ]HQ 7DJ EHU WHLOQDKPVORV XQG VFKOlIW MHW]W©DQWZRUWHWH+D]HOª6LHZHLQXUGDHUWRWLVW8QGGDV JHQJW LKU GHU $UPHQ 6R LFK JHKH ZLHGHU QDFK REHQ XQG YHUVXFKH]XVFKODIHQ9LHO*OFN'DUOLQJ© 5LFN VFKOR VLH LQ VHLQH $UPH XQG GDFKWH PLW %HGDXHUQ DQ GLH =HLW GLH VLH KLHU YHUVlXPWHQ 'LH (ULQQHUXQJ DQ JH PHLQVDP YHUEUDFKWH 6WXQGHQ VFKRE VLFK IU NXU]H =HLW LQ GHQ 9RUGHUJUXQGELVGHU3ULYDWGHWHNWLY6FKULWWHK|UWHGLHVLFKYRQ GHU+DOOHGHU%LEOLRWKHNQlKHUWHQ (VZDUZLHGHUQLFKWGHU7RWHVRQGHUQ/LQGD+DOOLQJIRUGGLH +RWHOPDQDJHULQ 6LH KDWWH VLFK ZlKUHQG GHV 7DJHV NDXP EOLFNHQODVVHQ5LFNZXWHQXUYRQ&KHILQVSHNWRU+HPSVKDZ GDVLHGLH3ROL]HLXP'LVNUHWLRQJHEHWHQKDWWH ª0U0DVWHUV©=|JHUQGNDPVLHQlKHUª9HUVWHKHQ6LHPLFK QLFKW IDOVFK ,FK KDEH 6LH ]ZDU JHEHWHQ (UPLWWOXQJHQ LQ XQVHUHP +RWHO DQ]XVWHOOHQ DEHU LFK ]LHKH GLHVHQ $XIWUDJ ZLHGHU]XUFN'LH6LFKHUKHLWPHLQHU*lVWHXQGYRUDOOHPGHU 5XIXQVHUHV+DXVHV«©
ª6FKRQ JXW© XQWHUEUDFK 5LFN VLH ª,FK YHUVWHKH 6LH 6DJHQ 6LH PLU QXU RE GLH EULJHQ *lVWH HWZDV YRQ GHQ 9RUJlQJHQ PLWEHNRPPHQKDEHQ"© ª1XQHVLVWEHNDQQWGD&RORQHO5LSOH\JHVWRUEHQLVW©JDE GLH 0DQDJHULQ ]X ª8QG GDQQ ZLVVHQ HLQLJH /HXWH GD ,KU 9HWWHU XPV /HEHQ JHNRPPHQ LVW $EHU *HQDXHV LVW QLFKW GXUFKJHVLFNHUW 'DYRQ GD VHLQH /HLFKH YHUVFKZXQGHQ LVW ZHLQLHPDQGHWZDV%LWWHUKUHQ6LHQLFKWPHKU6WDXEDXIDOV XQEHGLQJW Q|WLJ LVW ,FK ZLOO QLFKW GD 6LH QRFK OlQJHU HUPLWWHOQ© ª,FK EOHLEH QXU HLQ SDDU 6WXQGHQ LQ ,KUHU ZXQGHUYROOHQ %LEOLRWKHNVLW]HQ0UV+DOOLQJIRUG©HUZLGHUWH5LFNPLWHLQHP XQGXUFKVLFKWLJHQ/lFKHOQ ª0HKU ZLOOLFKJDUQLFKW(LQ JXWHV %XFKXQGLFKELQ]XIULHGHQ8QGZHQQHVVRZHLWLVWZHUGHLFK GDV6FKORYHUODVVHQ© (U OLH DOOHUGLQJV RIIHQ ZDQQ HV VRZHLW VHLQ ZUGH 'LH 0DQDJHULQ OLH VLFK QLFKW DQPHUNHQ RE VLH LKQ GXUFKVFKDXWH RGHU QLFKW 6LH ZQVFKWH LKP QRFK HLQH JXWH 1DFKW XQG ]RJ VLFKRKQHHLQZHLWHUHV:RUW]XUFN .DXP KDWWH VLFK GLH 7U KLQWHU LKU JHVFKORVVHQ DOV 5LFN 0DVWHUVDXIGLH8KUEOLFNWH(VIHKOWHQXUPHKUHLQH0LQXWHELV 0LWWHUQDFKW8QJHGXOGLJHUKREHUVLFKXQGWUDWDQGLH*ODVWU ,PQlFKVWHQ0RPHQWZHLWHWHQVLFKVHLQH$XJHQ
'HU /HLFKQDP VHLQHV 9HWWHUV VWDQG DP 5DQG GHU 7HUUDVVH ]ZLVFKHQGHQ%VFKHQXQGKREZLQNHQGGLH+DQG 5LFN 0DVWHUV EHUOHJWH QLFKW ODQJH 'DV =HLFKHQ NRQQWH QXU LKP JHOWHQ (U WUDW KLQDXV DXI GLH 7HUUDVVH XQG EOLFNWH VLFK YRUVLFKWLJQDFKDOOHQ6HLWHQXP (UZROOWHQLFKWXQEHGLQJWLQGLHVHP0RPHQWYRQGHU3ROL]HL EHUUDVFKW ZHUGHQ =ZDU NRQQWHQ LKP GHU ,QVSHNWRU GHU |UWOLFKHQ3ROL]HLXQGVHLQHEHLGHQ6HUJHDQWHQQLFKWVDQKlQJHQ
DEHU VLH KlWWHQ GDV =XVDPPHQWUHIIHQ ]ZLVFKHQ 5LFN XQG GHP *HLVW YHUKLQGHUW YLHOOHLFKW VRJDU IU LPPHU XQP|JOLFK JHPDFKW =XVHLQHU(UOHLFKWHUXQJOLHVLFKNHLQHLQ]LJHU3ROL]LVWVHKHQ REZRKO 5LFN VLFKHU ZDU GD VLH GLHVH 1DFKW EHU :DFKH KLHOWHQ:DKUVFKHLQOLFKDEHUKDWWHGHU&KHILQVSHNWRUGHUVHLQH 3OlQHGXUFKVFKDXWHGDIUJHVRUJWGDHUXQJHVW|UWEOLHE /DQJVDP JLQJ 5LFN 0DVWHUV DXI VHLQHQ WRWHQ 9HWWHU ]X XQG EOLHEZHQLJH6FKULWWHYRULKPVWHKHQ(UPXWHVLFKJHZDOWVDP LQ(ULQQHUXQJUXIHQGDHUHVQLFKWPHKUPLW*HRUJH3HQQLQJ ]X WXQ KDWWH VRQGHUQ GD GHU *HLVW YRQ -DPHV 7XFNHU LQ GHQ /HLFKQDPJHIDKUHQZDULKQOHQNWHXQGDXFKDXVLKPVSUDFK ª.RPPPLW©PXUPHOWHGHU8QWRWHGXPSI 'HU0RQGJLQJDXIXQGEHUJRGHQ6FKORSDUNPLWVHLQHP JHLVWHUKDIWHQ6FKHLQ 5LFN 0DVWHUV EHZHJWH VLFK IDVW ZLH HLQ 7UDXPZDQGOHU VR XQZLUNOLFK VDK DOOHV DXV 'D]X NDP GDV %HZXWVHLQ YRU VLFK HLQHQ OHEHQGHQ 7RWHQ ]X KDEHQ LQ GHQ GHU *HLVW HLQHV YRU ODQJHQ-DKUHQ9HUVWRUEHQHQJHIDKUHQZDU« :HLWHU NDP GHU 3ULYDWGHWHNWLY QLFKW GHQQ *HRUJH 3HQQLQJ EOLHEVWHKHQ 5LFNEOLFNWHXPVLFK6LHVWDQGHQDXIHLQHUNOHLQHQ/LFKWXQJ GLH ULQJVXP YRQ %VFKHQ XPJHEHQ XQG DXVUHLFKHQG JHJHQ 6LFKWJHGHFNWZDU ª+|U PLU ]X XQWHUEULFK PLFK QLFKW© YHUODQJWH GHU *HLVW GXUFK *HRUJHV 0XQG ª,FK ELQ GHU *HLVW YRQ -DPHV 7XFNHU -DPHV 7XFNHU ZXUGH YRU VLHEHQXQGGUHLLJ -DKUHQ DXI GLHVHP 6FKORHUPRUGHW'DPDOVZDU.ULHJ,FKKDWWHGDYRUHLQ %XFK EHU 3HQIRUG &DVWOH XQG VHLQH 8PJHEXQJ JHVFKULHEHQ -HW]W ZDU LFK LQ GHU 1lKH GHV 6FKORVVHV VWDWLRQLHUW XQG VROOWH QDFK )UDQNUHLFK YHUOHJW ZHUGHQ ,FK ZROOWH YRU GHU $EUHLVH QRFK HLQPDOGDV6FKORVHKHQ© :lKUHQGGHU6FKLOGHUXQJUKUWHVLFKGHU/HLFKQDPQLFKWYRQ GHU 6WHOOH $XFK VHLQH /LSSHQ EHZHJWHQ VLFK NDXP (U ZLUNWH
ZLHHLQ5RERWHULQ0HQVFKHQJHVWDOW ª+LHU LP 6FKORSDUN ODXHUWH PLU 5LSOH\ DXI 'DPDOV ZDU HU QRFK QLFKW &RORQHO (U ZDU HLQ HLQIDFKHU 6ROGDW ZLH LFK :LU VWULWWHQ ZHJHQ HLQHV 0lGFKHQV ,FK PHUNWH ]X VSlW GD HU Y|OOLJEHWUXQNHQZDU(UHUVFKRPLFKXQGYHUVFKDUUWHPHLQHQ .|USHULP3DUNGHV6FKORVVHVEHUGDVLFK JHVFKULHEHQKDWWH 6HLWKHUILQGHLFKNHLQH5XKH© ª&RORQHO5LSOH\JHULHWQLHLQ9HUGDFKW©QDKP5LFN0DVWHUV GHQ )DGHQ DXI DOV GHU *HLVW VFKZLHJ ª'X KDVW LKQ XPJH EUDFKW"© ª,FKZROOWHHVQLFKW©EHKDXSWHWH-DPHV7XFNHUV*HLVWGXUFK GHQ0XQGYRQ*HRUJH3HQQLQJ ª,FKZROOWH HVZLUNOLFKQLFKW 9RUHLQLJHQ7DJHQVWLHHLQDOWHU0DQQEHLP*UDEHQDXIPHLQH *HEHLQH3O|W]OLFKZDULFKQLFKWPHKUDQPHLQHQJHV*HIlQJQLV XQWHUGHP5DVHQYRQ3HQIRUG&DVWOHJHEXQGHQVRQGHUQNRQQWH PLFK IUHL EHZHJHQ ,FK ZROOWH .RQWDNW PLW GHQ /HEHQGHQ DXIQHKPHQ DEHU HV JHODQJ PLU QLFKW 'DQDFK YHUVXFKWH LFK GHQ &RORQHO ]X ]ZLQJHQ PHLQH *HEHLQH ]X EHJUDEHQ ² ZUGLJ ZLH HV VLFK JHK|UW 'DV VFKHLWHUWH DXFK 'HU &RORQHO VWDUE YRU 6FKUHFN DOV HU PLFK HUNDQQWH (V KDWWH LKQ DQ GHQ 6FKDXSODW] VHLQHV 9HUEUHFKHQV ]XUFNJH]RJHQ XQG KLHU LVW HU DXFK XPJHNRPPHQ 6HLQ 6FKLFNVDO KDW VLFK HUIOOW $EHU PHLQHVLVWQRFKXQJHZL© ª'DV9HUVFKZLQGHQDOOHUDQGHUHQ0HQVFKHQDXVGHP6FKOR «©VHW]WHGHU3ULYDWGHWHNWLYDQ ª(VVROOWHHXFK=XUFNJHEOLHEHQHDXIPHUNVDPPDFKHQ©JDE GHU*HLVWEHUHLWZLOOLJ$XVNXQIWª$EHULKUKDEWPHLQHQ+LOIHUXI QLFKW YHUVWDQGHQ $XFK GHU DOWH 0DQQ GHU DXI PHLQH *HEHLQH JHVWRHQ LVW XQG GLHVHU DQGHUH 0DQQ DXV GHVVHQ .|USHU LFK MHW]W ]X GLU VSUHFKH VLH KDEHQ PLFK QLFKW YHUVWDQGHQ 0HLQH .UlIWHKDEHQVLHJHVFKRFNWXQGJHW|WHWRKQHGDLFKHVZROOWH ,FK VHKQH PLFK QXU QDFK 5XKH 'X PXW PLU KHOIHQ %HJUDEH PHLQH *HEHLQH GDQQ ELQ LFK HUO|VW XQG DXI 3HQIRUG &DVWOH ZLUGHEHQIDOOV5XKHHLQNHKUHQ©
ª,FK ZHUGH HV WXQ© YHUVSUDFK 5LFN 0DVWHUV ª,FK ZHUGH VRIRUW«© :HLWHU NDP HU QLFKW :LH HLQ JHIlOOWHU %DXP VWU]WH GLH /HLFKH VHLQHV 9HWWHUV ]X %RGHQ 'HU *HLVW KDWWH GHQ .|USHU YHUODVVHQ 5LFNEFNWHVLFK]X*HRUJHXQGWUXJLKQ]XUFN]XP6FKOR 'DQQHUVWULHIHU&KHILQVSHNWRU+HPSVKDZLQVHLQHP=LPPHU DQXQGEHVWHOOWHLKQLQGLH%LEOLRWKHN ª:LHKDEHQ6LHGDVJHVFKDIIW5LFN"©ULHIGHU&KHILQVSHNWRU DXV DOV HU GLH /HLFKH ]X *HVLFKW EHNDP ª$OOH $FKWXQJ :LU KDEHQ GDV JHVDPWH *HOlQGH DEJHVXFKW XQG 6LH SUlVHQWLHUHQ XQVGHQ7RWHQ© ª,FK KDEH JDU QLFKWV GD]X JHWDQ© NRUULJLHUWH LKQ 5LFN 0DVWHUV ª,FK KDEH QXU GDUDQ JHJODXEW GD VLFK GHU *HLVW -DPHV7XFNHUVPLWPLULQ9HUELQGXQJVHW]HQZROOWH8QGHUKDW HV JHWDQ -HW]W EUDXFKW HU GHQ .|USHU PHLQHV 9HWWHUV QLFKW PHKUXPVLFKPLWPLU]XYHUVWlQGLJHQ,FKZHLEHUHLWVZDVHU YRQPLUZLOO© &KHILQVSHNWRU +HPSVKDZ WDW DOV KlWWH HU QLFKWV JHK|UW (U WHOHIRQLHUWH XQG IQI 0LQXWHQ VSlWHU NDPHQ GLH EHLGHQ 6HUJHDQWHQ GHU |UWOLFKHQ 3ROL]HL XQG VFKDIIWHQ GLH /HLFKH XQDXIIlOOLJDXVGHP6FKORKRWHOZHJ ª:LU KDEHQ EULJHQV QRFK HLQHQ GULWWHQ 7RGHVIDOO ]X XQWHUVXFKHQ 5LFN© WHLOWH &KHILQVSHNWRU +HPSVKDZ 5LFN PLW DOVVLHZLHGHUDOOHLQZDUHQª8QG]ZDUGUIWHHVVLFKXP-DPHV 7XFNHUKDQGHOQ© ª:LHVRGDV"©IUDJWH5LFNPLWE|VHU9RUDKQXQJ ª+HXWH QDFKPLWWDJ IDQGHQ ZLU LQ GLHVHP VFKPDOHQ *UDEHQ GHQ 0U 0DQVRQ JH]RJHQ KDW HLQHQ PHQVFKOLFKHQ .QRFKHQ© EHULFKWHWH +HPSVKDZ PLW XQEHUK|UEDUHP 6WRO] LQ GHU 6WLPPH ª'DUDXIKLQ VXFKWHQ ZLU ZHLWHU XQG OHJWHQ GDV JDQ]H *UDE IUHL 9RU XQJHIlKU GUHLLJ ELV YLHU]LJ -DKUHQ ZXUGH DQ GLHVHU 6WHOOH HLQH /HLFKH YHUJUDEHQ 8QVHU $U]W PHLQWH GLH .QRFKHQZlUHQXQJHZ|KQOLFKJXWHUKDOWHQXQGVROOWHQ«©
ª.HQQHWK 6LH 8QJOFNVPHQVFK© IXKU 5LFN DXI ª:LVVHQ 6LHZDV6LHXQGGLHVHU,QVSHNWRUJHWDQKDEHQ"(VLVWGDV*UDE YRQ-DPHV7XFNHUJHZHVHQXQGVHLQ*HLVWZDUHVDXFK«© ª:DVKHLWKLHU*HLVW"©XQWHUEUDFK GHU &KHILQVSHNWRU ª:LU VLQGHLQHP0RUGDXIGHU6SXUQLFKWPHKUXQGQLFKWZHQLJHU© 5LFN 0DVWHUV PHUNWH JHQDX ZDQQ HU EHL GHP &KHILQVSHNWRU QLFKWV HUUHLFKHQ NRQQWH ,P 0RPHQW ZDU HV VRZHLW (V KDWWH NHLQHQ 6LQQ QRFK ZHLWHU LQ LKQ ]X GULQJHQ (U ZROOWH QLFKWV PHKU YRQ EHUVLQQOLFKHQ (UVFKHLQXQJHQ ZLVVHQ GD HU VLFK ZLHGHUDQNULPLQDOLVWLVFKH7DWVDFKHQKDOWHQNRQQWH ª(U]lKOHQ 6LH PLU QXU ZDV PLW GHQ *HEHLQHQ GHV 7RWHQ JHVFKHKHQ LVW© EDW 5LFN ª0HKU ZLOO LFK JDU QLFKW ZLVVHQ© ª0HLQH .ROOHJHQ KDEHQ VLH VLFKHUJHVWHOOW© (U ]XFNWH GLH 6FKXOWHUQ ª'LHVHU )DOO JHKW PLFK HLJHQWOLFK JDU QLFKWV DQ 5LFN,FKZLOOPLFKDXFKQLFKWHLQPLVFKHQhEULJHQVGHU0DQQ KDWWHHLQH6FKXYHUOHW]XQJDP6FKlGHO© ª:RKLQ ZXUGHQ GLH *HEHLQH JHEUDFKW"© ERKUWH 5LFN ª.HQQHWKLFKPXHVZLVVHQ© ª,Q GDV .UDQNHQKDXV© JDE GHU &KHILQVSHNWRU ]XU $XVNXQIW ª(LQVSH]LHOOHV/DERUJLEWHVKLHUQLFKWEHLGHU3ROL]HL$EHULP .UDQNHQKDXVKDEHQVLHHLQHQVHKUJXWHQ3DWKRORJHQ© 0HKUK|UWH5LFN0DVWHUV QLFKW PHKU (U OLH GHQ YHUGXW]WHQ &KHILQVSHNWRU LQ GHU %LEOLRWKHN ]XUFN XQG OLHI DXV GHP 6FKORKLQDXVDXIGHQ3DUNSODW] +D]HOV 5ROOV 5R\FH ZDU LKP PLWWOHUZHLOH IDVW VFKRQ VR YHUWUDXW ZLH VHLQ HLJHQHU :DJHQ GHQ HU LQ /RQGRQ ]XUFN JHODVVHQ KDWWH 'HU 0RWRU VSUDQJ EHLP HUVWHQ 9HUVXFK DQ REZRKOGHU:DJHQPLQGHVWHQV]HKQELVIQI]HKQ-DKUHDOWZDU )DVWODXWORVVHW]WHVLFKGHUULHVLJH6FKOLWWHQLQ%HZHJXQJ 5LFN EHVFKOHXQLJWH VREDOG HU GDV +DXSWSRUWDO GHV 6FKORVVHV KLQWHUVLFKKDWWH ,P 0RPHQW VDK HU QRFK NHLQH 0|JOLFKNHLW ZLHGHU DQ GDV 6NHOHWW -DPHV 7XFNHUV KHUDQNRPPHQ NRQQWH $EHU HU PXWH GDIU VRUJHQ GD GLH VWHUEOLFKHQ hEHUUHVWH GHV 0DQQHV
RUGQXQJVJHPlEHJUDEHQZXUGHQ %LVKHUKDWWHVLFKGHU*HLVWIULHGOLFKYHUKDOWHQGRFKQLHPDQG NRQQWHJDUDQWLHUHQGDHUQLFKWIHLQGVHOLJZHUGHQZUGHIDOOV VHLQH :QVFKH QLFKW HUIOOW ZXUGHQ 5LFN 0DVWHUV ZROOWH MHGHQIDOOVQLFKWGLH9HUDQWZRUWXQJWUDJHQ 'HVKDOE ZDU HU HQWVFKORVVHQ DOOHV ]X YHUVXFKHQ XP QDFK VLHEHQXQGGUHLLJ-DKUHQHLQHQ0RUGIDOOVRVFKQHOOZLHP|JOLFK DE]XVFKOLHHQ
.DXP VWDQG GHU 5ROOV 5R\FH DXI GHP 3DUNSODW] GHV .UDQNHQKDXVHV VWLOO DOV 5LFN GHQ =QGVFKOVVHO DE]RJ XQG KDVWLJ LQV )UHLH VSUDQJ (U KHW]WH EHU GLH DVSKDOWLHUWH )OlFKH XQGOLHIJHGXFNWLQGLHJHUlXPLJH9RUKDOOHKLQHLQ (V KDWWH ]X UHJQHQ EHJRQQHQ GLFNH 7URSIHQ GLH ZLH *HVFKRVVHYRPQlFKWOLFKHQ+LPPHOSUDVVHOWHQ0LWGHPVFK| QHQ:HWWHUZDUHVHQGJOWLJYRUEHL 'LH1DFKWVFKZHVWHUVDJWH5LFNZRHUGHQEHKDQGHOQGHQ$U]W IU (UQLH 0DQVRQ ILQGHQ NRQQWH 2KQH VLFK YRUKHU DQ ]XPHOGHQ VWLHJ GHU 3ULYDWGHWHNWLY LQ GHQ HUVWHQ 6WRFN GHV PRGHUQHQ *HElXGHV KLQDXI XQG IDQG JHJHQEHU GHU 7UHSSH HLQH RIIHQVWHKHQGH 7U (V KDQGHOWH VLFK XP GHQ $XIHQWKDOWV UDXPGHV3HUVRQDOVXQG]ZHL0lQQHUVWLPPHQGUDQJHQELVLQV 7UHSSHQKDXV 5LFN KlWWH QLFKW JHODXVFKW GRFK GDQQ ILHO GHU 1DPH0DQVRQ ª8QG LFK VDJH GLU -DFN GD GD QLFKWV VWLPPW© EHKDXSWHWH GHU HLQH $U]W ª(U KDWWH NHLQHQ 6FKODJDQIDOO XQG NHLQHQ +HU]LQIDUNWGHU0DQQLVWVRJHVXQGZLHGXXQGLFK=XPLQGHVW ZlUHLFKJHUQVRJHVXQGZLHHU© ª$EHU GX KDVW VHOEVW JHVHKHQ GD HU NDXP DQVSUHFKEDU LVW XQGVLFKQLFKWEHZHJHQNDQQ©KLHOWLKPVHLQ.ROOHJHYRUª(U LVWNUDQNDXFKZHQQGXHVQLFKWEHJUHLIHQZLOOVW© ª1DWUOLFK LVW HU NUDQN DEHU QLFKW LP QRUPDOHQ PHGL]LQL
VFKHQ6LQQ©HUNOlUWHGHUHUVWH$U]W ª(ULVWDQGDV%HWW JHIHV VHOWDEHUHU«© 0HKU K|UWH 5LFN 0DVWHUV QLFKW ZHLO HU VLFK ]XUFN]RJ (U KDWWHYRQGHPEHKDQGHOQGHQ$U]WQXUHLQLJHVEHUGHQ=XVWDQG YRQ(UQLH0DQVRQHUIDKUHQZROOHQ-HW]WZXWHHUGD0DQVRQ VHLQ%HWWQLFKWYHUODVVHQNRQQWH 'HU 3ULYDWGHWHNWLY NHKUWH LQ GLH +DOOH ]XUFN XQG EHUOHJWH ZLH HU YRUJHKHQ VROOWH (U ZROOWH XQEHGLQJW GDIU VRUJHQ GD GLH *HEHLQH -DPHV 7XFNHUV VR VFKQHOO ZLH P|JOLFK EHJUDEHQ ZXUGHQ XP ZHLWHUHV 8QJOFN ]X YHUPHLGHQ 'D]X PXWH HU HUUHLFKHQGDVLHYRQGHU3ROL]HLIUHLJHJHEHQZXUGHQ ª(LQHQ0RPHQWELWWH©ULHIHUDOVHUHLQHQLKPIUHPGHQ$U]W GXUFKGLH+DOOHJHKHQVDKª.DQQLFK6LHVSUHFKHQ"© 'HU $U]W EOLHE VWHKHQ XQG EOLFNWH LKP HUZDUWXQJVYROO HQWJHJHQ ª,FK JODXEH QLFKW GD LFK ,KQHQ KHOIHQ NDQQ 0LVWHU© HUZLGHUWH HU ]XUFNKDOWHQG ª,FK ELQ DQ GLHVHP .UDQNHQKDXV GHU 3DWKRORJH 6LH ZROOHQ VLFKHU PLW HLQHP GHU EHKDQGHOQGHQ bU]WHVSUHFKHQ© 5LFNODFKWHEHUGHQ JOFNOLFKHQ =XIDOO ª*HQDXQDFK ,KQHQ KDEH LFK JHVXFKW© EHKDXSWHWH HU ª,FK ZROOWH PLW ,KQHQ EHU GDV GUHLLJ -DKUH DOWH 6NHOHWW VSUHFKHQ 0HLQ 1DPH LVW 5LFN 0DVWHUV© ª'HU3ULYDWGHWHNWLYDXV/RQGRQ"©'HU3DWKRORJHQDKP5LFNV $XVZHLV HQWJHJHQ SUIWH LKQ VRUJIlOWLJ XQG JDE LKQ ZLHGHU ]XUFN ª'HU ,QVSHNWRU XQG DXFK GHU &KHILQVSHNWRU DXV /RQGRQ KDEHQ PLU YRQ ,KQHQ HU]lKOW 0U 0DVWHUV ,FK KHLH /HYLQH-DPHV/HYLQH© ª'U/HYLQH©5LFNWUDWQDKHDQGHQ3DWKRORJHQKHUDQª*LEW HV HLQHQ *UXQG GLH *HEHLQH OlQJHU LP /DERU ]X EHODVVHQ" .|QQWHPDQVLHVRIRUWEHJUDEHQ"© 'HU $U]W ]RJ HUVWDXQW GLH $XJHQEUDXHQ KRFK ª0HLQH 8QWHUVXFKXQJHQ VLQG DEJHVFKORVVHQ© JDE HU ]XU $QWZRUW ª$EHUHVOLHJWQLFKWDQPLUVRQGHUQDQGHU3ROL]HLRE«©
ª'DQNH PHKU ZROOWH LFK QLFKW ZLVVHQ© 5LFN EOLFNWH VLFK VXFKHQG QDFK HLQHP 7HOHIRQ XP ª:DV KDEHQ 6LH EULJHQV IHVWJHVWHOOW"© ª,FKGDUIQLFKW«©VHW]WH'U/HYLQHDQ ,Q GLHVHP 0RPHQW HUW|QWH RKUHQEHWlXEHQGHV .UDFKHQ XQG .OLUUHQ(VNDPDXVGHP.HOOHUJHVFKR ª0HLQ/DERU©ULHIGHU3DWKRORJHHUVFKURFNHQ 5LFNEHJULIIDXJHQEOLFNOLFKZDVJHVFKHKHQZDU ,P/DERUGHV3DWKRORJHQKDWWHVLFKHLQH([SORVLRQHUHLJQHW $XVJHUHFKQHW LQ GHP 5DXP LQ GHP GLH *HEHLQH -DPHV 7XFNHUV ODJHQ :HQQ VLH EHL GHU ([SORVLRQ ]HUVW|UW ZRUGHQ ZDUHQNRQQWH7XFNHUV*HLVWQLHPHKU5XKHILQGHQ %HYRU LUJHQG MHPDQG LP .UDQNHQKDXV HWZDV XQWHUQDKP KHW]WH 5LFN EHUHLWV DXI GLH 7UHSSH ]X XQG IORJ VLH I|UPOLFK QDFKXQWHQ$XVHLQHURIIHQVWHKHQGHQ7UDXIGHUDQGHUHQ6HLWH GHV.RUULGRUVZlO]WHVLFKEHLHQGHUVFKZDU]HU4XDOP 8QGGDQQWDXFKWHLQGHU7UHLQ0DQQDXIGHQ5LFN0DVWHUV QXU]XJXWNDQQWH
(UQLH0DQVRQKLHOWVLFKNUDPSIKDIWDP7UUDKPHQIHVW6HLQ *HVLFKW ZDU UXJHVFKZlU]W VHLQH +DDUH DQJHVHQJW ,Q GHU +DQGKLHOWHUHLQHJURH6HJHOWXFKWDVFKHGLHSUDOOJHIOOWZDU ª0DQVRQ ZDV PDFKHQ 6LH KLHU"© ULHI 5LFN XQG YHUWUDW GHP DOWHQ0DQQGHQ:HJª+DEHQ6LHGLH([SORVLRQDXVJHO|VW"© 'RFK 0DQVRQ NRQQWH LKQ QLFKW YHUVWHKHQ :LH K\SQRWLVLHUW ZDQGWH HU VLFK DE XQG ZROOWH GXUFK GHQ .RUULGRU ]XU 7UHSSH ODXIHQ 5LFN 0DVWHUV YHUVWHOOWH LKP GHQ :HJ XQG KLHOW LKQ DP $UP ]XUFN ª0DQVRQZDVKDEHQ6LHLQGHU7DVFKH"© 5LFNJULIIQDFKGHU6HJHOWXFKWDVFKHXQGZROOWHVLHGHP0DQQ DXV GHU +DQG UHLHQ 0DQVRQ VWUlXEWH VLFK GHU *ULII UL XQG
GLH 7DVFKH ILHO DXI GHQ %RGHQ 'DV .ODSSHUQ YHUULHW 5LFN ZHOFKHQPDNDEUHQ ,QKDOWVLHEDUJ ,Q]ZLVFKHQ GUlQJWHQ bU]WH XQG .UDQNHQVFKZHVWHUQ LQ GHQ .RUULGRU YRU GHP /DERU 'HU 3DWKRORJH YHUVXFKWH JHPHLQVDP PLW HLQLJHQ DQGHUHQ bU]WHQ GHQ %UDQG LP /DERU ]X O|VFKHQ 6LH VHW]WHQ 6FKDXPO|VFKHU HLQ XQG HUVWLFNWHQ GDPLW GLH )ODPPHQELQQHQZHQLJHU6HNXQGHQ 5LFNEHWHLOLJWHVLFKQLFKWZHLWHU)ULKQZDULP0RPHQWQXU ZLFKWLJ GD HU GLH VWHUEOLFKHQ hEHUUHVWH -DPHV 7XFNHUV VLFKHUJHVWHOOW KDWWH )HVW KLHOW HU GLH 6HJHOWXFKWDVFKH DQ VLFK JHGUFNW GDPLW VLH LKP LQ GHP 'XUFKHLQDQGHU QLFKW ZLHGHU HQWULVVHQZXUGH (U PXWH GDIU VRUJHQ GD GLH *HEHLQH VR VFKQHOO ZLH P|JOLFKEHJUDEHQZXUGHQ GDPLW GHU 6SXN DXI 3HQIRUG &DVWOH HQGOLFKYRUEHLZDU :lKUHQGGDV3HUVRQDOGHV.UDQNHQKDXVHVQRFKLPPHUGDPLW EHVFKlIWLJW ZDU GLH *HIDKUHQ LP /DERU ]X EDQQHQ XQG GLH )HXHUZHKUHLQWUDIKLHOW5LFN$XVVFKDXQDFK0DQVRQ'HUDOWH 0DQQ ZDU QLUJHQGV ]X VHKHQ %HYRU 5LFN GDV .UDQNHQKDXV YHUOLH EHU]HXJWH HU VLFK GDYRQ GD 0DQVRQ DXFK QLFKW LQ VHLQ=LPPHU]XUFNJHNHKUWZDU (VZDUIUGHQ3ULYDWGHWHNWLYQLFKWVFKZHU]XUHNRQVWUXLHUHQ ZDV JHVFKHKHQ ZDU -DPHV 7XFNHUV *HEHLQH ZDUHQ YRQ GHU 3ROL]HL LQ GDV .UDQNHQKDXV JHEUDFKW ZRUGHQ XQG VROOWHQ KLHU QRFK HLQH :HLOH IHVWJHKDOWHQ ZHUGHQ 7XFNHUV *HLVW KDWWH 0DQVRQ EHDXIWUDJW GDV 6NHOHWW ]X VWHKOHQ XQG ZDKUVFKHLQOLFK ]XP 6FKOR ]XUFN]XEULQJHQ %HL VHLQHP (LQGULQJHQ LQ GDV /DERUKDWWHGHUXQHUIDKUHQH0DQVRQGLH([SORVLRQDXVJHO|VW $EHUZRVWHFNWHGHUDOWH0DQQLP0RPHQW" 'LH $QWZRUW HUKLHOW 5LFN VREDOG HU DXI GHQ 3DUNSODW] GHV .UDQNHQKDXVHVWUDW(LQVFKZHUHU.|USHUSUDOOWHJHJHQLKQGD HU GDV *OHLFKJHZLFKW YHUORU XQG JHJHQ HLQHQ GHU JHSDUNWHQ :DJHQWDXPHOWH'LH6HJHOWXFKWDVFKHHQWJOLWWVHLQHP*ULII (UQLH0DQVRQEFNWHVLFKEOLW]VFKQHOOGDQDFKXQGZROOWHVLH
DQ VLFK UHLHQ DEHU 5LFN ZDU VFKQHOOHU (U SDFNWH 0DQVRQ DQ GHQ $UPHQ ]HUUWH LKQ KRFK XQG ZROOWH LKQ JHJHQ GHQ :DJHQ GUlQJHQDOVLKQHLQKDUWHU6FKODJJHJHQGLH%UXVWWUDI 1DFK/XIWULQJHQGZDQNWH5LFNUFNZlUWV0DQVRQVHW]WHPLW GHU .UDIW XQG :HQGLJNHLW HLQHV =ZDQ]LJMlKULJHQ QDFK 6HLQH $XJHQZDUHQVWDUUDXI5LFN JHULFKWHWLQVHLQHP*HVLFKW UHJWH VLFK NHLQ 0XVNHO (U KDWWH GHQ %HIHKO HUKDOWHQ GDV 6NHOHWW LQ 6LFKHUKHLW ]X EULQJHQ XQG GLHVHQ $XIWUDJ ZROOWH HU XP MHGHQ 3UHLVDXVIKUHQ 5LFNGXFNWHVLFKXQWHUHLQHP)DXVWVFKODJGHULKPGDV .LQQ ]HUVFKPHWWHUW KlWWH XQG UDPPWH 0DQVRQ GLH 'RSSHOIDXVW LQ GHQ0DJHQ'HU0DQQ]HLJWHNHLQHUOHL:LUNXQJ6HLQH+lQGH OHJWHQ VLFK ZLH VWlKOHUQH .ODPPHUQ XP 5LFNV +DOV XQG VFKQUWHQLKPGLH/XIWDE (QWVHW]W YHUVXFKWH GHU 3ULYDWGHWHNWLY VLFK DXI]XULFKWHQ XQG GHQ *ULII DQ VHLQHP +DOV ]X ORFNHUQ (V JHODQJ LKP QLFKW (U ZROOWH GLH +lQGH 0DQVRQV ZHJ]LHKHQ DEHU GLH )LQJHU GHV 0DQQHVJUXEHQVLFKQXUQRFKWLHIHUHLQ(UVFKOXJXQGWUDWXP VLFK GRFK 0DQVRQ EOLHE XQHUELWWOLFK 8P GHQ %HIHKO GHQ HU YRQHLQHP*HLVWHUKDOWHQKDWWHDXV]XIKUHQVFKUHFNWHHUDXFK YRUHLQHP0RUGQLFKW]XUFN 0LWOHW]WHU.UDIWOLH5LFNVLFKHLQIDFKIDOOHQ]RJGLH%HLQH DQ XQG UDPPWH VLH 0DQVRQ JHJHQ GHQ /HLE ,P QlFKVWHQ 0RPHQW NRQQWH HU ZLHGHU IUHL DWPHQ *LHULJ KROWH HU /XIW VFKWWHOWHGLH%HQRPPHQKHLWDEGLHEHUHLWVQDFKLKPJHJULIIHQ KDWWHXQGZROOWH0DQVRQHQGJOWLJEHUZlOWLJHQ 'HU DOWH 0DQQ HUJULII GLH )OXFKW (KH 5LFN LKQ SDFNWH YHUVFKZDQGHU]ZLVFKHQGHQJHSDUNWHQ:DJHQGLH7DVFKHPLW GHP NRVWEDUHQ ,QKDOW OLH HU ]XUFN 5LFN QDKP VRIRUW GLH 9HUIROJXQJDXIPXWHVLHMHGRFKVHKUEDOGDXIJHEHQ(VKDWWH NHLQHQ 6LQQ 0DQVRQ QRFK OlQJHU ]X MDJHQ (U ZDU HQWNRP PHQ 5LFN YHUVWDXWH GLH 7DVFKH LP 5ROOV 5R\FH XQG VWDUWHWH (U ZDU VLFKHU GD HU GLHVHQ )DOO EDOG ]X HLQHP JXWHQ $EVFKOX
EULQJHQNRQQWH(VZDUQXUQRFKHLQH)UDJHGHU=HLW 5LFN 0DVWHUV KDWWH GDEHL DOOHUGLQJV HLQH XQKHLPOLFKH .UDIW EHUVHKHQ GLH LP 6SLHO ZDU XQG GLH VLFK ELVKHU QRFK QLFKW HLQJHPLVFKWKDWWH 6LH ODXHUWH DXI GLH SDVVHQGH *HOHJHQKHLW XP HLQ]XJUHLIHQ XQG9HUGHUEHQ]XEULQJHQ
2EZRKO 5LFN 0DVWHUV XP YLHU 8KU QDFKWV ]XP 6FKOR ]XUFNNDPEUDQQWHLQDOOHQ5lXPHQGHV(UGJHVFKRVVHV/LFKW %HVRUJW IUDJWH HU VLFK ZDV KLHU VFKRQ ZLHGHU SDVVLHUW VHLQ PRFKWH $OVHUGHQ5ROOV5R\FHYRUGHP(LQJDQJDQKLHOWIORJGLH7U DXI &KHILQVSHNWRU +HPSVKDZ XQG +D]HO .HQW NDPHQ HQWJHJHQ ª:LUKDEHQXQV6RUJHQXPGLFK JHPDFKW© ULHI +D]HO ª:R ZDUVWGXQXUVRODQJH"© ª:DV LVW LP .UDQNHQKDXV JHVFKHKHQ"© ULHI +HPSVKDZ DXIJHUHJW ª,FK KDEH HWZDV YRQ HLQHU ([SORVLRQ JHK|UW" 8QG GDQQ KDW PLFK PHLQ .ROOHJH DXV GHU 6WDGW DQJHUXIHQ 'DV 6NHOHWW7XFNHUVLVWYHUVFKZXQGHQ© 5LFN EHUXKLJWH GLH EHLGHQ HUVW HLQPDO XQG IKUWH VLH LQ GLH %LEOLRWKHN+HPSVKDZZHKUWHGLH0DQDJHULQDEGLHVLFKLKQHQ DQVFKOLHHQZROOWH(UVWDOVVLHXQWHUVLFKZDUHQJDE5LFNHLQH JHQDXH6FKLOGHUXQJGHU(UHLJQLVVH ª:LUEUDXFKHQQXUQRFKGDIU]XVRUJHQGDGLHVH*HEHLQH KLHUZUGLJEHVWDWWHWZHUGHQGDQQLVWGHUJDQ]H6SXNYRUEHL© VDJWHHUXQGVWHOOWHGLH6HJHOWXFKWDVFKHDXIGHQ7LVFK &KHILQVSHNWRU +HPSVKDZ YHUJHZLVVHUWH VLFK GD VLFK WDWVlFKOLFKGDV6NHOHWWGDULQEHIDQGVFKORGLH7DVFKH ZLHGHU DEXQGQDKPVLHDQVLFK ª7XW PLU OHLG 5LFN DEHU DXV ,KUHQ 3OlQHQ ZLUG QLFKWV© ZHQGHWH HU HLQ ª6HKHQ 6LH GLH 3ROL]HL KDW GDV 6NHOHWW HLQHV
(UPRUGHWHQJHIXQGHQ:LUN|QQHQGHQ )DOOQLFKWDEVFKOLHHQ VRODQJHZLUGHQ0|UGHUQLFKWHUPLWWHOWKDEHQ© ª$EHU LFK KDEH ,KQHQ GRFK VFKRQ JHVDJW GD GHU &RORQHO 5LSOH\HVZDU©GUlQJWH5LFNXQJHGXOGLJ ª6ROOLFKLQPHLQHQ8QWHUVXFKXQJVEHULFKWVFKUHLEHQGDGHU *HLVWGHV(UPRUGHWHQVHOEVWGHQ&RORQHODOV0|UGHUEH]HLFKQHW KDW"© +HPSVKDZ ]RJ VS|WWLVFK GLH $XJHQEUDXHQ KRFK ª:DV JODXEHQ 6LH ZLH ODQJH ELQ LFK GDQQ QRFK &KHILQVSHNWRU EHL 6FRWODQG
6RVFKQHOOJDE5LFN0DVWHUVQLFKWDXI1RFKJODXEWH HUGHQ &KHILQVSHNWRU XPVWLPPHQ ]X N|QQHQ +HPSVKDZ OLH VLFK MHGRFK QLFKW GDYRQ EHU]HXJHQ GD IU HLQH JHQDXH NULPLQDOWHFKQLVFKH /DERUXQWHUVXFKXQJ GHV 6NHOHWWV NHLQH =HLW PHKUZDU 'XUFK GLH KHIWLJH 'LVNXVVLRQ DFKWHWH NHLQHU YRQ LKQHQ DXI GHQ 6FKORSDUN $XFK +D]HO ZDUI NHLQHQ HLQ]LJHQ %OLFN DXV GHP)HQVWHU 3O|W]OLFK IORJ GLH 7U ]XU +DOOH DXI 1HYLOOH GHU %XWOHU GHV &RORQHOVZDQNWHLQGLH%LEOLRWKHNXQGZDUIGLH7UKLQWHUVLFK ZLHGHULQV6FKOR 6HLQ*HVLFKWZDUYRQ*UDXHQHQWVWHOOW(UVHW]WHPHKUPDOV]X VSUHFKHQDQEUDFKWHMHGRFKNHLQHQ7RQEHUGLH/LSSHQ ª1HKPHQ 6LH HUVW HLQPDO 3ODW]© IRUGHUWH LKQ GHU &KHILQ VSHNWRUDXIª8QGWULQNHQ6LHHLQHQ6FKOXFN© (UOLHILQGLH+DOOHXQGNDPPLWHLQHP*ODV:KLVN\]XUFN 'DQNEDUQDKP1HYLOOHHVHQWJHJHQXQGNLSSWHGHQ,QKDOWDXI HLQHQ=XJKLQXQWHU ª,FK KDEH LKQ JHVHKHQ© NHXFKWH HU HQGOLFK ª,FK KDEH LKQ JDQ] GHXWOLFK XQG EHVWLPPW JHVHKHQ (LQ ,UUWXP LVW DXVJH VFKORVVHQ(VZDUGHU&RORQHO© :LH HOHNWULVLHUW IXKUHQ 5LFN +D]HO XQG GHU &KHILQVSHNWRU KRFK ª:R KDEHQ 6LH GHQ &RORQHO JHVHKHQ"© IUDJWH 5LFN KDVWLJ ª'UDXHQLP3DUN©VWDPPHOWHHUª,FKKDEHLKQYRQPHLQHP )HQVWHUDXVJHVHKHQ(UVWDQGGUEHQLQGHQ%VFKHQ© ª8QG 6LH LUUHQ VLFK QLFKW"© YHUJHZLVVHUWH VLFK GHU &KHILQ VSHNWRUª,PPHUKLQLVWHV1DFKWPDQNDQQGLH+DQGNDXPYRU GHQ$XJHQVHKHQ8QG6LHZLVVHQMDGDGHU&RORQHODQHLQHP +HU]VFKODJJHVWRUEHQLVW0U1HYLOOH© ª-D VFKRQ GDV ZHL LFK© JDE GHU 0DQQ QHUY|V ]X ª7URW]GHPHVZDUGHU&RORQHO,P.ULHJZDULFKVHLQ%XUVFKH
GDQDFKVHLQ%XWOHU,FKNHQQHLKQVHLWPHKUDOVGUHLLJ-DKUHQ© ª+DEHQ6LHHLQPDOGHQ1DPHQ-DPHV7XFNHUJHK|UW"©IUDJWH 5LFNEHUUDVFKHQG 1HYLOOH GUHKWH VLFK ]X LKP KHUXP XQG VFKWWHOWH UDWORV GHQ .RSIª1LHPDOV©EHKDXSWHWHHU ª:LU ZHUGHQ XQV GDUXP NPPHUQ 0U 1HYLOOH© YHUVSUDFK GHU &KHILQVSHNWRU ª$P EHVWHQ 6LH JHKHQ ZLHGHU DXI ,KU =LPPHU :DKUVFKHLQOLFK KDW VLFK MHPDQG HLQHQ VFKOHFKWHQ 6FKHU] HUODXEW© 'HP *HVLFKW GHV %XWOHUV VDKHQ VLH GHXWOLFK DQ GD HU DQ NHLQHQ 6FKHU] JODXEWH DEHU GD HU VHOEVW DXFK NHLQH(UNOlUXQJZXWHIJWHHUVLFKZRUWORVLQGLH$QRUGQXQJ GHV&KHILQVSHNWRUV ª(V JHKW ORV© ZDUQWH 5LFN ª&RORQHO 5LSOH\V /HLFKH 'HU 0|UGHU LVW VRJDU QDFK VHLQHP 7RG QRFK HLQPDO DQ GHQ 6FKDXSODW]GHV9HUEUHFKHQV]XUFNJHNHKUW© 0HKUNRQQWHHUQLFKWPHKUVDJHQGDLQGLHVHP0RPHQWGHU VFKULOOH 6FKUHL HLQHU )UDX GXUFK GDV QlFKWOLFK VWLOOH 6FKOR JHOOWH ª*HRUJH©VFKULHVLHGXUFKGULQJHQGª*HRUJH,FKNRPPH© ª'DV LVW (OVD© +D]HO VFKQHOOWH YRQ LKUHP 6HVVHO KRFK XQG UDQQWH]XU7U 5LFNXQGGHU&KHILQVSHNWRUVFKORVVHQVLFKLKUDQ 'LH(UHLJQLVVHEHJDQQHQVLFK]XEHUVWU]HQ
hEHUDOO LP 6FKOR |IIQHWHQ VLFK 7UHQ 'LH *lVWH VWU|PWHQ DXI GLH .RUULGRUH XP VLFK QDFK GHP *UXQG GHU 6W|UXQJ ]X HUNXQGLJHQ (OVDVFKULHXQDXVJHVHW]WZHLWHUDOOHUGLQJVNRQQWH5LFNQLFKW PHKUYHUVWHKHQZDVVLHULHI (U YHUVXFKWH VLFK ]XVDPPHQ PLW +D]HO XQG GHP &KHILQ VSHNWRU QDFK REHQ ]X GUlQJHQ 'LH *lVWH YHUVSHUUWHQ GLH 7UHSSHVRGDWRWDOH9HUZLUUXQJHQWVWDQG
3O|W]OLFK|IIQHWHVLFKHLQH*DVVH5LFNVWDQG(OVDJHJHQEHU ,KU %OLFN JLQJ EHU LKQ KLQZHJ ,KU *HVLFKW KDWWH HWZDV (QW UFNWHVDQVLFK ª*HRUJH©IOVWHUWHVLHª,FKKDEHLKQJHVHKHQ(ULVWGUDXHQ LP3DUNXQGZDUWHWDXIPLFK© 5LFNWUDWDXIVLH]XXQGHUJULIILKUH+DQGª.RPPLFKEULQJH GLFKZLHGHULQGHLQ=LPPHU©UHGHWHHUEHUXKLJHQGDXIVLHHLQ ª'XVROOVWGLFKQLFKWVRDXIUHJHQ© (LQ 5XFN GXUFKOLHI LKUH *HVWDOW 'HU %OLFN LKUHU EODXHQ $XJHQ NOlUWH VLFK ZXUGH QFKWHUQ XQG KDUW 'HU YHUWUlXPWH $XVGUXFN LKUHV *HVLFKWV HUORVFK VFKODJDUWLJ XQG ZLFK HLQHP YHUELWWHUWHQ=XJ ª,FKZHLGD*HRUJHWRWLVW5LFN©VDJWHVLHPLWNOLUUHQGHU 6WLPPH ª7URW]GHP KDEH LFK LKQ XQWHQ LP 3DUN JHVHKHQ ,FK ELQ QLFKW YHUUFNW ,FK ZHL VHKU JXW ZDV LFK PLU QXU HLQJHELOGHWKDEHXQGZDVQLFKW*HRUJHVWHKWXQWHQLP3DUN© 'LHEULJHQ*lVWHYHUIROJWHQGLH6]HQHJHVSDQQW6LHNRQQWHQ MHGHV:RUWYHUVWHKHQDEHUVLHJODXEWHQRIIHQEDUQLFKWVGDYRQ ª,FKZHL(OVD©IOVWHUWH5LFNª.RPPLQGHLQ=LPPHULFK ZHUGHGLUDOOHVHUNOlUHQ© ª,FKZLOONHLQH (UNOlUXQJHQ LFK ZLOO ]X *HRUJH© VFKULH VLH DXI 6LHYHUORUY|OOLJGLH%HKHUUVFKXQJXQGJLQJDXI5LFNPLWGHQ )lXVWHQORV(UKLHOWVLHIHVWXQGLPVHOEHQ0RPHQWEUDFKVLH ]XVDPPHQOHLVHVFKOXFK]HQGODJVLHLQVHLQHQ$UPHQ &KHILQVSHNWRU +HPSVKDZ KDOI LKP (OVD 3HQQLQJ QDFK REHQ ]X EULQJHQ +D]HO EOLHE IUHLZLOOLJ EHL LKU XQG ZROOWH IU GHQ 5HVWGHU1DFKWDQLKUHP%HWW:DFKHKDOWHQ ª6FKOLH GLH )HQVWHUOlGHQ© ULHW 5LFN ª6LH VROO QLFKW PHKU VHKHQN|QQHQZDVVLFKLP3DUNDEVSLHOW© ª,FK ZHUGH JXW IU VLH VRUJHQ© YHUVSUDFK +D]HO ª'HU $U]W KDW JHQJHQG %HUXKLJXQJVPLWWHO GDJHODVVHQ 0DFK GLU NHLQH 6RUJHQ© ª,FK PDFKH PLU DEHU 6RUJHQ© HUZLGHUWH GHU 3ULYDWGHWHNWLY
XQGNWHVHLQH)UHXQGLQIOFKWLJ ª3DOLHEHUDXIGLFKVHOEVWDXI©ULHW+D]HO 5LFN0DVWHUVQLFNWHXQGZDQGWHVLFKGHU7UHSSH]X ,Q GHUVHOEHQ 6HNXQGH HUVFKWWHUWH HLQ JHZDOWLJHU 'RQQHU VFKODJGDV6FKOR
)U HLQHQ $XJHQEOLFN JODXEWH 5LFN GDV 6FKOR ZUGH HLQVWU]HQ 'LH 0DXHUQ ZDQNWHQ XQG NQLUVFKWHQ 9RQ GHU 'HFNHVLHEWHIHLQHU6WDXEKHUXQWHU(QWVHW]WVDKHUGDVLFKLQ HLQHU:DQGVFKPDOH5LVVHELOGHWHQ ª(LQ (UGEHEHQ© ULHI +D]HO GLH VLFK YHU]ZHLIHOW LP 7UUDKPHQIHVWKLHOW ª.HLQ(UGEHEHQ©VFKULH5LFN0DVWHUV]XUFNª'HU%OLW]KDW LP6FKORHLQJHVFKODJHQ© ª$EHU HV ZDU GRFK JDU NHLQ *HZLWWHU© +D]HO ULFKWHWH VLFK ODQJVDPZLHGHUDXIXQGWUDWDQGDV)HQVWHUYRQ(OVDV=LPPHU ª8QG MHW]W KlQJHQ GLH :RONHQ VR WLHI GD VLH GLH 7UPH VWUHLIHQ© (OVDZDUIHVWHLQJHVFKODIHQ6LHKDWWHQLFKWHLQPDOPHKUGHQ 'RQQHUVFKODJ JHK|UW 5LFN VWUHLIWH VLH PLW HLQHP PLWOHLGLJHQ %OLFN ª6LHPHUNWQLFKWVYRQGHQ*HZDOWHQGLHGRUWGUDXHQWREHQ© IOVWHUWHHUª,FKJODXEHHVZLUGHLQHULFKWLJH6FKODFKWXPGLH *HEHLQH-DPHV7XFNHUVJHEHQ6HLQ*HLVWZLOOGDVLHHQGOLFK EHVWDWWHW ZHUGHQ GDPLW HU 5XKH ILQGHW 'HU *HLVW VHLQHV 0|UGHUVP|FKWHGDVYHUKLQGHUQXPLKPDXFKQRFKQDFKGHP 7RG]XVFKDGHQ6FKUHFNOLFK© ª.DQQVWGXGHQQJDUQLFKWVGDJHJHQXQWHUQHKPHQ'DUOLQJ"© IUDJWH+D]HOHUZDUWXQJVYROOª7XGRFKHWZDV© ª:HQQ LFK QXU ZWH ZDV© 5LFN ]XFNWH GLH 6FKXOWHUQ ª9RUOlXILJNDQQLFKQXUGDIUVRUJHQGDGLH*HEHLQHQLFKWLQ GLH IDOVFKHQ +lQGH JHUDWHQ 8QG GD VLH QLFKW ]HUVW|UW
ZHUGHQ© ª:RLVWGLH7DVFKHEHUKDXSWLP0RPHQW"©IUDJWH+D]HO ª1RFK LPPHU XQWHQ EHL +HPSVKDZ LQ GHU %LEOLRWKHN© JDE GHU 3ULYDWGHWHNWLY ]XU $XVNXQIW ª,FK JHKH MHW]W ]X LKP KLQXQWHU8QGGX"© ª,FKEOHLEHEHL(OVD©EHNUlIWLJWH+D]HOLKUHQXUVSUQJOLFKHQ (QWVFKOXª,FKNDQQGLURKQHGLHVQLFKWKHOIHQ© 5LFN VFKOR GLH )HQVWHUOlGHQ GHV =LPPHUV GDQQ YHUOLH HU GHQ5DXPXQGOLHIQDFKXQWHQ ,Q]ZLVFKHQ WREWH GDV 8QZHWWHU PLW YROOHU 0DFKW (LQ %OLW] QDFK GHP DQGHUHQ ]XFNWH DXV GHQ WLHIKlQJHQGHQ :RONHQ QLHGHU'HU5HJHQILHOZLHHLQVFKZDU]HU6FKOHLHUVRGDPDQ NDXP HWZDV VHKHQ NRQQWH DXFK QLFKW ZHQQ GLH %OLW]H GLH 8PJHEXQJHUKHOOWHQ &KHILQVSHNWRU+HPSVKDZZDUQLFKWPHKUGHUHLQ]LJHGHUGLH 6WHOOXQJ KLHOW hEHUDOO LQ GHU +DOOH VWDQGHQ RGHU VDHQ GLH +RWHOJlVWH0UV+DOOLQJIRUGNPPHUWHVLFKXPGLH/HXWHXQG YHUVXFKWH GDV +RWHOSHUVRQDO ]XP $UEHLWHQ ]X EHZHJHQ %HL GLHVHP 8QZHWWHU NRQQWH XQG ZROOWH QLHPDQG VFKODIHQ GDKHU VROOWHQGLH/HXWHYHUVRUJWZHUGHQ ,QGHU%LEOLRWKHNWUDI5LFNQXU+HPSVKDZDQ ª,FK KDEH GDIU JHVRUJW GD PLU QLHPDQG ]X QDKH NRPPW© ULHIGHU&KHILQVSHNWRUVREDOGHUVHLQHQ)UHXQGHUEOLFNWH ª,FK JODXEH 6LH KDEHQ UHFKW 5LFN ,Q GLHVHU 1DFKW ZLUG QRFK HLQLJHVJHVFKHKHQ'LHVH*HEHLQHVLQGPHKUDOVKHL EHJHKUW© ª:LU ODVVHQ QLHPDQGHQ LQ GLH %LEOLRWKHN GDV LVW DP VLFKHUVWHQ© VFKOXJ 5LFN YRU ª+DEHQ 6LH EHUKDXSW QRFK GLH 7DVFKHVDPW,QKDOW"© 'HU &KHILQVSHNWRU JULII XQWHU GHQ 7LVFK KROWH GLH 7DVFKH KHUYRUXQGVWHOOWHVLHDXIGHQ7LVFK ,PQlFKVWHQ0RPHQWHUORVFKGDV/LFKW'UDXHQLQGHU+DOOH HUW|QWHHLQYLHOVWLPPLJHU6FKUHL ª6WURPDXVIDOO©VWLHGHU&KHILQVSHNWRUKHUYRU ª$XVJHUHFK QHWMHW]W2EQXUGDV*HZLWWHUGDUDQVFKXOGLVW"©
:LHGHU ]XFNWHQ PHKUHUH %OLW]H YRU GHQ )HQVWHUQ XQG HUKHOOWHQGLH%LEOLRWKHNPLWLKUHPEOl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ª,FK JODXEHQLFKW DQ HLQHQ =XIDOO© EHUVFKULH HU GDV 5ROOHQ GHV'RQQHUV ª*HQDXVRZHQLJZLHGDV*HZLWWHUHLQ =XIDOOLVW 'DVWHFNWHLQ3ODQGDKLQWHU© ª6LH JODXEHQGDMHPDQGGLH7DVFKH DQVLFK EULQJHQ ZLOO"© +HPSVKDZEOLFNWHVLFKXQEHKDJOLFKLQGHU%LEOLRWKHNXP 'HU JURH 5DXP ZXUGH YRQ GHQ ZHQLJHQ .HU]HQ QXU XQJHQJHQGHUOHXFKWHW +HUXPVWHKHQGH *HJHQVWlQGH ZDUIHQ ODQJH 6FKDWWHQ DQ GLH KRKH'HFNHXQGGLHPLW%FKHUQEHGHFNWHQ:lQGH ª,FKKDEHHLQH,GHH.HQQHWK©5LFNQDKPGLH7DVFKHDQVLFK XQGZLQNWHGHP&KHILQVSHNWRULKP]XIROJHQ 6LHEHWUDWHQGLH+DOOHXQGEDKQWHQVLFKHLQHQ:HJ]ZLVFKHQ GHQ*lVWHQGXUFK]XU5H]HSWLRQ 0UV +DOOLQJIRUG EOLFNWH LKQHQ HUZDUWXQJVYROO HQWJHJHQ 6LH VWUHLIWH GLH 7DVFKH LQ 5LFNV $UPHQ PLW HLQHP PLWUDXLVFKHQ %OLFN ª.|QQHQ ZLU 6LH IU HLQHQ 0RPHQW VSUHFKHQ 0UV +DOOLQJ IRUG"© IUDJWH 5LFN XQG EHPKWH VLFK XP HLQ FKDUPDQWHV /lFKHOQ 'LH 0DQDJHULQ VFKLHQ NHLQH JURH /XVW ]X KDEHQ LKQHQ ]X KHOIHQ :DKUVFKHLQOLFK KDWWH VLH LP 0RPHQW VFKRQ JHQXJ 6RUJHQ
ª.RPPHQ 6LH© IRUGHUWH VLH VLH RKQH HLQ /lFKHOQ DXI XQG JLQJLKQHQLQLKU%URYRUDQ 5LFNEOLHEGLFKWKLQWHULKUDOVZROOWHHUYHUKLQGHUQGDVLHHV VLFK QRFK HLQPDO DQGHUV EHUOHJWH XQG GHU &KHILQVSHNWRU EHHLOWHVLFKGHQ$QVFKOXQLFKW]XYHUOLHUHQ ª6LH ZQVFKHQ"© IUDJWH GLH 0DQDJHULQ NKO VREDOG GHU &KHILQVSHNWRUGLH7ULKUHV%URVJHVFKORVVHQKDWWH ª:LU ZROOHQ QLFKW YLHO QXU GLHVH 7DVFKH LQ ,KUHP 7UHVRU HLQVFKOLHHQ©EDW5LFNª'DVLVWDOOHV© 'LH +RWHOPDQDJHULQ ]RJ HUVWDXQW GLH $XJHQEUDXHQ KRFK 2IIHQEDU KDWWH VLH HLQHQ ZHVHQWOLFK XQDQJHQHKPHUHQ :XQVFK HUZDUWHW :RUWORV JLQJ VLH ]XU KLQWHUHQ :DQG LKUHV %URV NODSSWH HLQ JURHV *HPlOGH ]XU 6HLWH XQG OHJWH GLH GDKLQWHU EHILQGOLFKH3DQ]HUWUGHV6DIHVIUHL ª6LH KDEHQ *OFN© EHPHUNWH VLH GDEHL RKQH VLFK XP]XGUH KHQ ª1XU HLQ SDDU /HXWH KDEHQ LKUH :HUWVDFKHQ LQ GHQ 6DIH JHOHJW 'DKHU KDEH LFK JHQXJ 3ODW] IU GLHVH JURH 7DVFKH :DVHQWKlOWVLHHLJHQWOLFKZHQQLFKIUDJHQGDUI"© ª6LHGUIHQQLFKWIUDJHQ©NQXUUWH+HPSVKDZ ª,FKEUDXFKH,KQHQGHQ6DIHQLFKW]XU9HUIJXQJ]XVWHOOHQ© HUZLGHUWH 0UV +DOOLQJIRUG VFKDUI 6LH VFKOR GLH 7U ZLHGHU ]XU +lOIWH XQG EOLHE GDYRU VWHKHQ ª,FK KDEH QlPOLFK GHQ 9HUGDFKWGDGLHVH7DVFKHEH]LHKXQJVZHLVHLKU ,QKDOWIUGLH PHLVWHQ$XIUHJXQJHQYHUDQWZRUWOLFKLVW© ª(V VLQG %HZHLVH LQ HLQHP .ULPLQDOIDOO© DQWZRUWHWH 5LFN ZDKUKHLWVJHPlRKQHDOOHV]XHQWKOOHQ 6LHEOLFNWHLKQIRUVFKHQGDQ]XFNWHHQGOLFKGLH6FKXOWHUQXQG |IIQHWHGHQ6DIH(UOHLFKWHUWVFKRE5LFNGLH7DVFKHKLQHLQXQG EHREDFKWHWHJHQDXZLHVLHGLH.RPELQDWLRQYHUlQGHUWH %HL DOOHP PXWHQ VLH VLFK PLW GHP IODFNHUQGHQ 6FKHLQ HLQLJHU .HU]HQ EHKHOIHQ =ZLVFKHQGXUFK WDXFKWHQ %OLW]H DOOHV LQ JOHLHQGHV /LFKW EHL GHP PDQ EHUKDXSW QLFKWV HUNHQQHQ NRQQWHZHLOHVGLH$XJHQEOHQGHWH'LHJDQ]H6]HQHHUVFKLHQ 5LFN JHVSHQVWLVFK XQG XQZLUNOLFK XQG HU DWPHWH HUOHLFKWHUW
DXIGDVLHGLH7DVFKHPLWLKUHPZHUWYROOHQ ,QKDOWHQGOLFKLQ 6LFKHUKHLWZXWHQ ª:LU PVVHQ DOOHUGLQJV GDIU VRUJHQ GD 0UV +DOOLQJIRUG QLFKW LQ GLH IDOVFKHQ +lQGH JHUlW© VDJWH +HPSVKDZ OHLVH ]X GHP 3ULYDWGHWHNWLY DOV VLH GLH +DOOH GXUFKTXHUWHQ XQG GLH %LEOLRWKHN EHWUDWHQ ª0UV +DOOLQJIRUG ZHL GLH .RPELQDWLRQ )UHLZLOOLJZLUGVLHVLHQLFKWYHUUDWHQDEHUZHQQMHPDQGQDFK KLOIW«© 5LFN VFKWWHOWH GHQ .RSI ª'DQQ ZDU HV GRFK NHLQH VR JXWH ,GHH QLFKW ZDKU .HQQHWK"© VHXI]WH HU ª:LU EUDXFKHQ ]ZDU QLFKW PHKU DXI GLH 7DVFKH DXI]XSDVVHQ GDIU PVVHQ ZLU XQV XP 0UV +DOOLQJIRUG NPPHUQ 'DV NRPPW DXI GDV JOHLFKH KHUDXV© ª(V ZLUG QLFKW OHLFKW VHLQ LQ GLHVHU 'XQNHOKHLW DXI GLH 0DQDJHULQ DXI]XSDVVHQ© &KHILQVSHNWRU +HPSVKDZ YHU]RJ VHLQ *HVLFKW ]X HLQHP JULPPLJHQ /lFKHOQ ª'LH 1DFKW LVW IU XQV QRFK ODQJH QLFKW YRUEHL 5LFN 'LHVPDO VFKOLHH LFK PLFK ,KUHU0HLQXQJDQ(VZLUGQRFKHLQLJHVSDVVLHUHQ©
'LH =HLW VFKOLFK WUlJH GDKLQ (V ZDU HUVW IQI 8KU DOV 5LFN 0DVWHUVDXVHLQHPOHLFKWHQ6FKOXPPHUKRFKVFKUHFNWH /lQJHU DOVHLQRGHU]ZHL0LQXWHQNRQQWHHUQLFKWJHVFKODIHQKDEHQ &KHILQVSHNWRU +HPSVKDZ VD DXI GHU DQGHUHQ 6HLWH GHV 7LVFKHV LQ GHU %LEOLRWKHN =ZLVFKHQ LKQHQ IODFNHUWHQ QRFK LPPHU GLH .HU]HQ 6LH EUDQQWHQ H[WUHP ODQJVDP GHU 'RFKW ZDU NDXP OlQJHU JHZRUGHQ 'LH HOHNWULVFKH %HOHXFKWXQJ IXQNWLRQLHUWHQRFKLPPHUQLFKW 6HXI]HQG UHFNWH VLFK GHU 3ULYDWGHWHNWLY 'LH 0GLJNHLW GUFNWH EOHLHUQ DXI VHLQH $XJHQOLGHU GD HU VLH NDXP RIIHQ KDOWHQNRQQWH8PQLFKWZLHGHUHLQ]XVFKODIHQVWDQGHUDXIXQG WUDWDQGDV)HQVWHU]XP3DUN ,QHLQLJHU(QWIHUQXQJJODXEWHHUHLQH*HVWDOW]XHUNHQQHQ(U
ZDU VLFK VHLQHU 6DFKH QLFKW VLFKHU GRFK DOV GHU QlFKVWH %OLW] QLHGHU]XFNWH ZXWH HU HV (WZD GUHLLJ 6FKULWWH YRP 6FKOR HQWIHUQW VWDQG HLQ 0DQQ XQG EOLFNWH XQYHUZDQGW ]X 5LFN KHUEHU 'HU QlFKVWH %OLW] VFKOXJ XQJHIlKU KXQGHUW 0HWHU YRQ GHU %LEOLRWKHN HQWIHUQW LQ HLQHQ 0HWDOO]DXQ HLQ *HEOHQGHW VFKOR 5LFN GLH $XJHQ $OV HU VLH |IIQHWH VDK HU GHQ 8QEHNDQQWHQ QRFKLPPHUDQGHUVHOEHQ6WHOOH 6FKRQ HQWVFKOR VLFK GHU 3ULYDWGHWHNWLY QDFK GUDXHQ ]X VFKOHLFKHQXQGGHQ0DQQ]XEHUZlOWLJHQZHULPPHUHVDXFK ZDU 'RFK GDQQ VFKOXJ GHU QlFKVWH %OLW] HLQ (UVFKURFNHQ EOLHE 5LFN VWHKHQ XQG ZDUWHWH DQJHVSDQQW GDUDXI RE HV QRFK HLQH (QWODGXQJJHEHQZUGH 6HNXQGHQVSlWHUIXKUGHUQlFKVWH%OLW]QLHGHU-HW]WJDEHVIU 5LFNNHLQHQ=ZHLIHOPHKU ª.HQQHWK©VFKULHHUDXIª5DVFK.HQQHWK© 'HU &KHILQVSHNWRU VFKUHFNWH KRFK XQG EOLFNWH VFKODIWUXQNHQ XPVLFK(UVWDOVHU5LFNVKHIWLJH=HLFKHQEHPHUNWHNDPHUDXI GLH%HLQHXQGWUDWDQGDV)HQVWHUKHUDQ ª'LH %OLW]H VFKODJHQ LPPHU GLFKWHU DP 6FKOR HLQ© EHULFKWHWH5LFNRKQHODQJH(UNOlUXQJHQ ª'UHL%OLW]HKDEHLFK ELVKHU EHREDFKWHW -HGHU ODJ HLQ 6WFN QlKHU XQG ]ZDU NRPPHQVLHDXIHLQHUJHUDGHQ/LQLH]XXQVKHUDQ© 6FKZHLJHQG EHREDFKWHWH +HPSVKDZ GUHL %OLW]H ODQJ RE 5LFNV%HKDXSWXQJVWLPPWH'DQQQLFNWHHUGVWHU ª6LHKDEHQUHFKW©VDJWHHUª:RKHUNRPPWGDV"© ª:HQQ ZLU GLH /LQLH YHUOlQJHUQ VWRHQ ZLU DXI GDV %UR© HUNOlUWH GHU 3ULYDWGHWHNWLY ª8QG GRUW DXI GHQ 6DIH -HPDQG OHQNW GLH %OLW]H JHJHQ GHQ 6DIH (U ZLOO RIIHQEDU GLH *HEHLQH -DPHV7XFNHUVYHUQLFKWHQ8QG]ZDULVWHV«GRUWVHKHQ6LH© 5LFN ]HLJWH DXI GLH 8PULVVH HLQHU *HVWDOW 6LH NRQQWHQ VLFK IDVW QXU QRFK GXUFK =HLFKHQ YHUVWlQGLJHQ RGHU PXWHQ DXV /HLEHVNUlIWHQ VFKUHLHQ ZHLO GDV XQDEOlVVLJH *UROOHQ GHV
'RQQHUVDOOHDQGHUHQ*HUlXVFKHEHUW|QWH 6LH GUFNWHQ GLH *HVLFKWHU JHJHQ GLH *ODVVFKHLEHQ XQG VSlKWHQ DQJHVWUHQJW QDFK GUDXHQ ,Q GHP 6HNXQGHQEUXFKWHLO ]ZLVFKHQ GHP $XIIODPPHQ GHV QlFKVWHQ %OLW]HV XQG GHU %OHQGXQJ GXUFK GLH 8UJHZDOWHQ GHU 1DWXU HUNDQQWHQ VLH GDV *HVLFKW ª&RORQHO5LSOH\©VWLH&KHILQVSHNWRU+HPSVKDZKHUYRU ª5LFKWLJ HV LVW GHU &RORQHO© EHVWlWLJWH GHU 3ULYDWGHWHNWLY ª(U ZLOO YHUKLQGHUQ GD GHU YRQ LKP (UPRUGHWH MHPDOV 5XKH ILQGHW ,FK JHKH LQV %UR KLQEHU XQG ODVVH PLU YRQ 0UV +DOOLQJIRUG GHQ 6DIH |IIQHQ :LU PVVHQ GLH 7DVFKH DQ HLQHU DQGHUHQ6WHOOHLQ6LFKHUKHLWEULQJHQ© ª6REDOG 6LH GLH 7DVFKH KDEHQ ZLUG VLFK GHU $QJULII JHJHQ 6LH ULFKWHQ© JDE GHU &KHILQVSHNWRU ]X EHGHQNHQ ª6R WULIIW HU QXU HLQHQ OHEORVHQ *HJHQVWDQG QlPOLFK GHQ 6DIH XQG GHU LVW EHVWLPPWYHUVLFKHUW© ª'DV VFKRQ© JDE 5LFN ]X ª$EHU LFK NDQQ QLFKW ]XODVVHQ GD LQ =XNXQIW 3HQIRUG &DVWOH ]X HLQHU 6WlWWH GHV *UDXHQV ZLUGZHLO-DPHV7XFNHUV*HEHLQHLP6DIHYHUEUDQQWVLQG© (U ZROOWH GHQ 5DXP YHUODVVHQ DOV LKQ HLQ ODXWHU 5XI GHV &KHILQVSHNWRUV ]XUFNKLHOW ª:DUWHQ 6LH QRFK 5LFN© EHUVFKULH+HPSVKDZGHQ'RQQHUª6HKHQ6LHVHOEVW© 5LFN 0DVWHUV NHKUWH DQ GDV )HQVWHU ]XUFN XQG ZDUWHWH DXI GHQ QlFKVWHQ %OLW]VFKODJ 6HLQHU %HUHFKQXQJ QDFK PXWH HU XQJHIlKUIQI]LJ6FKULWWHHQWIHUQWGLUHNWYRULKQHQHLQVFKODJHQ 'HU %OLW] VSDOWHWH HLQHQ PLQGHVWHQV ]ZHLKXQGHUW 0HWHU HQWIHUQWVWHKHQGHQ%DXPGHUVLFKHEHQQRFKLQLKUHP6LFKWIHOG EHIDQG 'HU$QJULIIGHU1DWXUJHZDOWHQIDQGQLFKWVWDWW
5LFN0DVWHUVZLVFKWHVLFKGHQ6FKZHLYRQGHU6WLUQ ª'DVLVWHEHQQRFKHLQPDOJXWJHJDQJHQ©VHXI]WHHUª(KUOLFK
JHVDJW .HQQHWK LFK ZlUH QLFKW JHUQ YRU GHQ %OLW]HQ JHIORKHQ© ª'LH 1DFKW LVW QRFK QLFKW YRUEHL© EHPHUNWH GHU &KHILQ VSHNWRUQHUY|Vª:HUZHLZDVQRFKDOOHVJHVFKLHKW© ª6LHZLHGHUKROHQVLFK©JDE5LFNJULQVHQG]XUFN(UNRQQWH QLFKW ZLUNOLFK EHU LKUH /DJH ODFKHQ DEHU HWZDV ZLH *DOJHQKXPRUVWLHJLQLKPKRFKª*DQ]EHVWLPPWZLUGVLFK«© 'HU 5HVW GHV 6DW]HV JLQJ LQ RKUHQEHWlXEHQGHP .UDFKHQ XQWHU'HU%OLW]KDWWHHLQHQGHU7UPHGHV6FKORVVHVJHWURIIHQ 'LH (UVFKWWHUXQJ OLH GLH .HU]HQOHXFKWHU DXI GHP 7LVFK WDQ]HQ,QGHU+DOOHHUW|QWHQGLH6FKUHFNHQVVFKUHLHGHU*lVWH ª(LQ VROFKHV 8QZHWWHU KDEH LFK QRFK QLFKW HUOHEW© ULHI GHU &KHILQVSHNWRU VREDOG GDV *UROOHQ YHUNOXQJHQ ZDU ª6LH 5LFN"© 'HU 3ULYDWGHWHNWLY VFKWWHOWH GHQ .RSI ª,FK ZHUGH HLQPDO QDFK GHQ /HXWHQ GUDXHQ LQ GHU +DOOH VHKHQ© VDJWH HU ª8QG DQVFKOLHHQG NPPHUH LFK PLFK XP +D]HO 6LH LVW PLW (OVD JDQ]DOOHLQ© (U VWLH GLH 7U ]XU +DOOH DXI 'DV %LOG KDWWH VLFK QLFKW YHUlQGHUW 1DFK ZLH YRU VWDQGHQ ODJHQ XQG VDHQ GLH *lVWH XQGGDV3HUVRQDOLQGHU+DOOHWHLOVDXIGHQ6LW]JDUQLWXUHQWHLOV DXIGHP%RGHQ 'LH +RWHOPDQDJHULQ KDWWH HV DXIJHJHEHQ GDV 3HUVRQDO ]XP $UEHLWHQ DQ]XWUHLEHQ %HL GLHVHP 8QZHWWHU GDFKWH DXFK QLHPDQGGDUDQLUJHQGHWZDV]XEHVWHOOHQ8QDXIJHIRUGHUWOLH VLH HLQ SDDU )ODVFKHQ :KLVN\ XQG 6KHUU\ NUHLVHQ GDPLW GLH /HXWHZHQLJVWHQVLKUHlUJVWH$QJVWEHWlXEHQNRQQWHQ 1LHPDQG DFKWHWH DXI 5LFN (U ZROOWH 0UV +DOOLQJIRUG DXI VLFKDXIPHUNVDPPDFKHQGDPLWVLHPLWLKPLQLKU%URJLQJ DEHUHVJHODQJLKPQLFKW'LH0DQDJHULQKDWWHDOOH+lQGHYROO ]XWXQXQGZDUQLFKWDQVSUHFKEDU 'HU 3ULYDWGHWHNWLY YHU]LFKWHWH GDKHU YRUOlXILJ DXI HLQH .RQWUROOHGHV7UHVRUVXQGJLQJQDFKREHQXPQDFK+D]HOXQG (OVD]XVHKHQ
.ORSIHQ KDWWH NHLQHQ 6LQQ EHL GHP XQXQWHUEURFKHQHQ 'RQQHUJUROOHQKlWWHHUVFKRQPLWEHLGHQ)lXVWHQJHJHQGLH7U KlPPHUQPVVHQ(UGUFNWHGLH7UDXIXQGEOLHEEHUUDVFKW VWHKHQ +D]HOKDWWHHLQH3HWUROHXPODPSHDXIJHWULHEHQ 6LH VWDQG DXI GHP 7LVFK XQG EUDQQWH PLW VFKZDFKHU )ODPPH 'HU %UHQQVWRIIEHKlOWHU ZDU QRFK ]X GUHL 9LHUWHOQ JHIOOW DOVR ZUGHGLH/DPSHELV]XP$QEUDFKGHV7DJHVGXUFKKDOWHQ ,P VFKZDFKHQ 6FKHLQ GHU )ODPPH VDK 5LFN (OVD LP %HWW OLHJHQ 6LH KDWWH GLH $XJHQ JHVFKORVVHQ DWPHWH JOHLFKPlLJ XQG VFKOLHI ZDKUVFKHLQOLFK XQWHU GHP (LQIOX YRQ %HUXKL JXQJVPLWWHOQWURW]GHVXQDXVJHVHW]WHQ/lUPVWLHIXQGIHVW 8QG+D]HOKDWWHHVVLFKLQHLQHP6HVVHOEHTXHPJHPDFKWXQG GLH%HLQHDXIHLQHQ+RFNHUJHOHJWXQGVFKOLHIHEHQIDOOV%HLLKU ZLUNWHGLH0GLJNHLWZLHGDVVWlUNVWH6FKODIPLWWHO 5LFN QDKP OlFKHOQG HLQH 'HFNH DXV GHP 6FKUDQN XQG OHJWH VLH EHU VHLQH )UHXQGLQ 'DQQ YHUOLH HU GDV =LPPHU ZLHGHU XQGOLHIQDFKXQWHQ 0UV+DOOLQJIRUGZDUQRFKLPPHUQLFKWIULKQ]XVSUHFKHQ VRGD HU VLFK GD]X HQWVFKOR DXI HLJHQH )DXVW LP %UR QDFK GHP 5HFKWHQ ]X VHKHQ 'HU ,QKDOW GHU 7DVFKH ZDU IU LKQ HLQIDFK ]X ZHUWYROO DOV GD HU LKQ ODQJH XQEHDXIVLFKWLJW JHODVVHQKlWWH 5LFN GUFNWH GLH 7U ]XP %UR DXI XQG VFKOSIWH LQ GDV GXQNOH=LPPHU(UVFKURFNHQSUDOOWHHU]XUFN $P 6DIH VWDQG HLQ 0DQQ XQG KDQWLHUWH LP 6FKHLQ HLQHU 7DVFKHQODPSHDP.RPELQDWLRQVVFKOR 5LFNWDWHLQHQ6FKULWWLQGDV%URKLQHLQ6HLQ)XVWLHGDEHL JHJHQ HLQH DP %RGHQ VWHKHQGH 9DVH GLH PLW ODXWHP .OLUUHQ XPILHO 'HU 0DQQ DP 6DIH ZLUEHOWH KHUXP 5LFN HUNDQQWH LKQ LP VHOEHQ0RPHQW (V ZDU (UQLH 0DQVRQ 'HU %HIHKO GHV *HLVWHV KDWWH LKQ KLHUKHUJHIKUW
5LFN 0DVWHUV UKUWH VLFK QLFKW (U ZROOWH VLFK DXI NHLQHQ .DPSI PLW GHP YRQ EHUVLQQOLFKHQ .Ul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|IIQHWH 0DQVRQ ZDU NHLQ 6DIHNQDFNHU XQG HU NDQQWH GLH .RPELQDWLRQ QLFKW 7URW]GHP IDQG HU PLW WUDXPZDQGOHUL VFKHU6LFKHUKHLWGLHULFKWLJH(LQVWHOOXQJ7XFNHUV*HLVWKDOILKQ GDEHL (QGOLFK|IIQHWHVLFKGLH6DIHWUPLWHLQHPVDWWHQVDXJHQGHQ *HUlXVFK0DQVRQWUDWHLQHQ6FKULWW]XU6HLWHXPLQGDV,QQHUH JUHLIHQ]XN|QQHQ ,Q GLHVHP 0RPHQW VSUDQJ GDV )HQVWHU PLW HLQHP NOLUUHQGHQ .UDFKHQDXI (LQ 6FKDWWHQ VFKZDQJ VLFK EHU GLH )HQVWHUEDQN XQGVWU]WHVLFKDXI0DQVRQ (QWVHW]WHUNDQQWH5LFNGHQ(LQGULQJOLQJ(VZDUGHU&RORQHO JHQDXHU GLH /HLFKH GHV &RORQHOV 'HU *HLVW GHV 0|UGHUV YHUVXFKWH GLH *HEHLQH VHLQHV 2SIHUV DQ VLFK ]X EULQJHQ (U ZROOWH JOHLFKVDP GHQ 0RUG GHQ HU YRU VLHEHQXQGGUHLLJ -DKUHQEHJDQJHQKDWWHHLQ]ZHLWHVPDODXVIKUHQ ª0DQVRQ ZHUIHQ 6LH VLFK ]XU 6HLWH© ULHI 5LFN GHP DOWHQ 0DQQ]X
(V ZDU GLH HLQ]LJH 5HWWXQJVP|JOLFKNHLW GD HLQ QRUPDOHU 0HQVFK QLFKW JHJHQ GLH hEHUPDFKW HLQHV OHEHQGHQ 7RWHQ DQNlPSIHQNRQQWH1LFKWHLQPDO5LFNV3LVWROHZUGHLQGLHVHU 6LWXDWLRQKHOIHQ ª0DQVRQ ZHJ YRP 6DIH© ULHI GHU 3ULYDWGHWHNWLY QRFK HLQPDOGRFK0DQVRQEOLHEVWHKHQXQGKREGLH+l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lWWHGLHNXU]H$WHPSDXVHEHQW]HQN|QQHQDEHUHU ZDU QLFKW IUHLHU +HUU VHLQHU (QWVFKHLGXQJHQ 1RFK LPPHU OHQNWH LKQ GHU *HLVW -DPHV 7XFNHUV 0DQVRQ ZDUI VLFK HUQHXW GHP$QJUHLIHUHQWJHJHQ 'LHVPDO KDOI LKP QLFKWV PHKU 'LH +lQGH GHV &RORQHOV VFKORVVHQVLFKPLWXQHUELWWOLFKHU.UDIWXPVHLQHQ+DOV 5LFN 0DVWHUV VFKOXJ XQG ]HUUWH DQ GHQ $UPHQ GHV OHEHQGHQ 7RWHQ (U WDW DOOHV XP GLHVHQ 0RUG ]X YHUKLQGHUQ (V ZDU YHUJHEOLFK 0LW RKQPlFKWLJHU :XW PXWH 5LFN PLW DQVHKHQ ZLH 0DQVRQV%HZHJXQJHQVFKODIIHUZXUGHQXQGHUVFKOLHOLFKOHE ORVDXIGHQ%RGHQUROOWHDOVGHU&RORQHOLKQIUHLJDE -HW]W ULFKWHWH VLFK GHU 8QWRWH DXI XQG ZROOWH LQ GHQ 6DIH
JUHLIHQ GRFK 5LFN YHUVHW]WH GHU VFKZHUHQ 3DQ]HUWU HLQHQ 6WR6LHILHO]XGLH9HUULHJHOXQJVFKQDSSWHHLQ 0LW HLQHP ZHLWHQ 6DW] EUDFKWH VLFK GHU 3ULYDWGHWHNWLY DXHU 5HLFKZHLWH GHV 8QWRWHQ (U UHFKQHWH GDPLW GD GHU &RORQHO LKQ DQJUHLIHQ ZUGH XP VLFK ]X UlFKHQ DEHU QLFKWV GHUJOHLFKHQJHVFKDK (LQH:HLOHUWWHOWHGHU&RORQHOYHUJHEOLFKDQGHU6DIHWU$OV HU VLFK QLFKW |IIQHQ OLH ZDQGWH HU VLFK DE XQG YHUOLH GDV %URDXIGHPJOHLFKHQ:HJDXIGHPHUHLQJHGUXQJHQZDU² GXUFKGDV)HQVWHU 5LFN ZLVFKWH VLFK GHQ 6FKZHL YRQ GHU 6WLUQ 7URW] GHU NKOHQ 1DFKWOXIW GLH GXUFK GLH ]HUEURFKHQH 6FKHLEH KHUHLQ VWU|PWH JOKWH HU YRU +LW]H 6HLQH +lQGH ]LWWHUWHQ DOV HU HLQ 7DVFKHQWXFKKHUYRU]RJXQGVLFKGDPLWGDV*HVLFKWWURFNQHWH 9HU]ZHLIHOW VWDUUWH HU DXI GHQ 7RWHQ GHU YRU GHP 6DIH ODJ :DUXPKDWWHHULQGLHVHP)DOOQLFKWVXQWHUQHKPHQN|QQHQXP GHQ 6FKUHFNHQ ]X EHHQGHQ" :DUXP ZDU HU QXU VR PDFKWORV JHZHVHQ" 'LH $QWZRUW JDE HU VLFK VHOEVW LP JOHLFKHQ $WHP]XJ ZHLO HLQDQGHU ]ZHL 0lFKWH DXV GHP -HQVHLWV JHJHQEHUVWDQGHQ -DPHV 7XFNHU XQG GHU &RORQHO ² 2SIHU XQG 0|UGHU 'LH 0HQVFKHQ DXI 3HQIRUG &DVWOH EHNDPHQ GLH $XVZLUNXQJHQ GLHVHU$XVHLQDQGHUVHW]XQJ]XVSUHQ (QGOLFKJDEVLFK5LFN0DVWHUVHLQHQ5XFNXQG JLQJKLQEHU LQ GLH %LEOLRWKHN 'HU &KHILQVSHNWRU PXWH YRQ GHP 0RUG HUIDKUHQXQGHQWVFKHLGHQZDVDOVQlFKVWHVJHVFKHKHQVROOWH 5LFN KDWWH HLQH ,GHH ZLH HU LKUH DXVVLFKWVORVH /DJH EHVVHUQ NRQQWH 'LH )UDJH ZDU QXU RE HU +HPSVKDZ GDIU ZUGH JHZLQQHQN|QQHQ
=XHUVW JLQJ GHU &KHILQVSHNWRU ZRUWORV LQ GDV %UR GHU 0DQDJHULQ XQG XQWHUVXFKWH GLH /HLFKH (UQLH 0DQVRQV -HW]W
OLH VLFK QLFKW YHUPHLGHQ GD DXFK 0UV +DOOLQJIRUG DXIPHUNVDPZXUGHXQGGHQ7RWHQLQLKUHP$UEHLWV]LPPHUVDK 6LH KLHOW VLFK EHPHUNHQVZHUW WDSIHU REZRKO 0DQVRQ HLQHQ VFKUHFNOLFKHQ$QEOLFNERW 8QG QRFK MHPDQG ]HLJWH 6HOEVWEHKHUUVFKXQJ ² +D]HO .HQW GLH DXVJHUHFKQHW LQ GLHVHP 0RPHQW LQ GLH +DOOH KHUXQWHUNDP XQGVLFK]XP%URGXUFKIUDJWH 5LFNJLQJLKUDQGHU7UHQWJHJHQXQGOHJWHLKUGHQ$UPXP GLH6FKXOWHU ª,FK ELQ DXIJHZDFKW XQG KDEH GLFK JHVXFKW 'DUOLQJ© PXUPHOWHVLHª$UPHU7HXIHO:DVZLUGMHW]WDXVLKPXQGGHQ DQGHUHQ"© 5LFNZXWHJHQDXZHQVLHPLWGHQDQGHUHQPHLQWHQlPOLFK GLH EHLGHQ ZDQGHOQGHQ 7RWHQ GLH DXI YHUVFKLHGHQHQ 6HLWHQ NlPSIWHQ *HRUJH 3HQQLQJ IU GDV 0RUGRSIHU XQG &RORQHO 5LSOH\IUVLFKVHOEVW ª0UV +DOOLQJIRUG© ZDQGWH VLFK 5LFN DQ GLH 0DQDJHULQ GHV +RWHOVª*LEWHVDXI3HQIRUG&DVWOHHLQHQ)ULHGKRI"© 6LHVFKWWHOWHGHQ.RSIª1LFKWPHKU0U0DVWHUV$XIGHP )ULHGKRI ZXUGH VFKRQ VHLW HLQLJHQ -DKU]HKQWHQ QLHPDQG PHKU EHJUDEHQ (U H[LVWLHUW ]ZDU QRFK ZLUG MHGRFK QLFKW PHKU EHQW]W 'DV *HVFKOHFKW GHU 3HQIRUGV LVW MD VFKRQ ODQJH DXVJHVWRUEHQ© ª=HLJHQ 6LH PLU ELWWH GHQ )ULHGKRI XQG YHUVFKDIIHQ 6LH PLU +DFNHXQG6FKDXIHO©EDW5LFN 'HU&KHILQVSHNWRUZDUILKPHLQHQGXUFKGULQJHQGHQ%OLFN]X XQGQLFNWH(UKDWWHRIIHQEDUYHUVWDQGHQZDV5LFNZROOWHXQG EDWGLH+RWHOPDQDJHULQHEHQIDOOVXP:HUN]HXJ]XP*UDEHQ +D]HOEOLHELQGHU%LEOLRWKHNDOVVLFKGLHEHLGHQ0lQQHUDXI GHQ :HJ ]X GHP HKHPDOLJHQ )ULHGKRI PDFKWHQ (U ODJ QLFKW ZHLW YRP 6FKOR HQWIHUQW ZDU ULQJVXP YRQ HLQHU QLHGULJHQ 0DXHU XPJHEHQ XQG IDVW ELV DXI GHQ OHW]WHQ 3ODW] EHOHJW 1XU LQ HLQHU (FNH IDQGHQ VLH HLQH IUHLH )OlFKH GLH IU HLQ *UDE DXVUHLFKWH
ª0HLQHQ6LHGDHLQVRVFKOLFKWHV %HJUlEQLV JHQJHQ ZLUG XP GHQ 6SXN ]X EHHQGHQ"© IUDJWH &KHILQVSHNWRU +HPSVKDZ XQG JDE GDPLW LQGLUHNW ]X GD HU QXQ GRFK HQGOLFK 5LFNV 7KHRULHEHUGHQ)DOOYROOXQGJDQ]DN]HSWLHUWH ª:LUN|QQHQQXUKRIIHQ.HQQHWKGDHVJHQJW©HUZLGHUWH GHU3ULYDWGHWHNWLYXQGPDFKWHVLFKDQGLH$UEHLW 6FKZHLJHQGKREHQVLHHLQ*UDE DXVZlKUHQGGHU5HJHQ DXI VLHQLHGHUSUDVVHOWHXQGVLHELVDXIGLH+DXWGXUFKQlWH.HLQHU YRQ LKQHQ DFKWHWH GDUDXI 6WDWW GHVVHQ EHHLOWHQ VLH VLFK GDV *UDEIHUWLJ]XVWHOOHQEHYRUHLQZHLWHUHV8QJOFNJHVFKDK $XI GHP 5FNZHJ EOLFNWH VLFK GHU &KHILQVSHNWRU PHKUPDOV XP ª,FK KDEH PLFK VFKRQ JHZXQGHUW GD ZLU QLFKW DQ JHJULIIHQZHUGHQ©EHPHUNWHHU ª:DUWHQ6LHDEELVZLUGLH*HEHLQH]XP)ULHGKRIVFKDIIHQ© VDJWH 5LFN ª'DV *UDE DOOHLQ VW|UW GHQ 0|UGHU QLFKW (U ZLUG DEHU PLW DOOHQ 0LWWHOQ YHUKLQGHUQ GD ZLU 7XFNHUV 6NHOHWW GDULQ]XU5XKHEHWWHQ© )U|VWHOQG ]RJ GHU &KHILQVSHNWRU GHQ .RSI ]ZLVFKHQ GLH 6FKXOWHUQXQGEHVFKOHXQLJWHVHLQHQ6FKULWW ª'DQQ ZROOHQ ZLU HV KLQWHU XQV EULQJHQ© VDJWH HU GVWHU ª.RPPHQ6LH5LFN©
+D]HO HUZDUWHWH VLH PLW KHLHP 7HH XQG :KLVN\ GHQ VLH QLFKW]XVSDUVDPLQGLH7HHWDVVHQIOOWH ª5LFNGHLQH.OHLGHUVLQGY|OOLJGXUFKQlW©ULHIVLH DXVDOV VLH LKUHQ )UHXQG HUEOLFNWH ª8QG 6LH 0U +HPSVKDZ VHKHQ DXFK QLFKW EHVVHU DXV :DV KDEW LKU GD GUDXHQ VR ODQJH JHPDFKW"© 5LFN HUNOlUWH LKU VHLQHQ 3ODQ GLH VWHUEOLFKHQ hEHUUHVWH GHV 0RUGRSIHUV QDFK VLHEHQXQGGUHLLJ -DKUHQ ]X EHJUDEHQ XP HQGOLFKGLH5XKHDXI3HQIRUG&DVWOHZLHGHUKHU]XVWHOOHQ ª,FKJHKHPLW©HQWVFKLHG+D]HOHQHUJLVFK
ª9LHO ]X JHIlKUOLFK© ZHKUWH GHU &KHILQVSHNWRU DE ª6LH N|QQHQQLFKW«© ª,FKNDQQ©+D]HOKROWHVLFKHLQHQ5HJHQVFKLUPQDKPVHOEVW HLQHQ NUlIWLJHQ 6FKOXFN YRQ GHP 7HH:KLVN\*HPLVFK XQG QLFNWHGHQEHLGHQ0lQQHUQ]Xª:RUDXIZDUWHQZLUQRFK"© $FKVHO]XFNHQG VXFKWHQ 5LFN XQG +HPSVKDZ QDFK 0UV +DOOLQJIRUG OLHHQ VLFK YRQ LKU GHQ 6DIH |IIQHQ XQG QDKPHQ GLH7DVFKHDQVLFK 5LFN WUXJ VLH DXI VHLQHQ $UPHQ ZlKUHQG +HPSVKDZ 5LFNV 3LVWROHDQVLFKQDKPXQGVLHHQWVLFKHUWH 8PGLH+RWHOJlVWHP|JOLFKVWZHQLJ ]X EHXQUXKLJHQ VWLHJHQ VLHHLQIDFKGXUFKGDV]HUEURFKHQH )HQVWHUGHV %URV LQV )UHLH XQG VFKOXJHQ GLH 5LFKWXQJ ]X GHP RIIHQJHODVVHQHQ )ULHGKRI HLQ 6LH ZDUHQ QRFK NHLQH ]HKQ 6FKULWW ZHLW JHJDQJHQ DOV +D]HO HLQHQVFKULOOHQ:DUQVFKUHLDXVVWLH 5LFN ZLUEHOWH KHUXP XQG VWDUUWH DXI GLH GXQNOH *HVWDOW GLH VLFKDXVGHQ%VFKHQO|VWHXQGGLUHNWDXILKQ]XNDP (UEHJDQQ]XODXIHQGUFNWHGLH7DVFKHDQVLFKXQG DFKWHWH GDUDXI GD HU DXI GHP IHXFKWHQ %RGHQ QLFKW DXVJOLWW +LQWHU VLFKK|UWHHUGDV.HXFKHQGHV&KHILQVSHNWRUVXQG+D]HOV$OV HUHLQPDOIUHLQHQ0RPHQWGHQ.RSIZDQGWHVDKHUDXFKGHQ 9HUIROJHUGHUGHXWOLFKDXIJHKROWKDWWH (VZDUGHU&RORQHOGHUPLWDOOHQ0LWWHOQYHUKLQGHUQ ZROOWH GDGLH*HEHLQHVHLQHV2SIHUVEHJUDEHQZXUGHQ:HQQHU5LFN HUUHLFKWHZDUGHU3ULYDWGHWHNWLYYHUORUHQ ª6FKLHHQ 6LH .HQQHWK© VFKULH 5LFN LQ VHLQHU 9HU]ZHLI OXQJ REZRKO HU ZXWH GD JHZ|KQOLFKH 3DWURQHQ HLQHU ZDQGHOQGHQ /HLFKH QLFKWV DQKDEHQ NRQQWHQ ª6FKLHHQ 6LH HQGOLFK© 'HU&KHILQVSHNWRUEOLHEVWHKHQXQGOHJWHDXIGHQ&RORQHODQ 'UHL YLHUPDO EHOOWH GLH :DIIH LQ VHLQHQ +lQGHQ DXI 'LH .XJHOQWUDIHQDEHUVLHULHIHQNHLQH:LUNXQJKHUYRU +HPSVKDZ VWHFNWH GLH 3LVWROH ZHJ XQG ZDUI VLFK GHP
8QWRWHQ LQ GHQ :HJ (LQ QRUPDOHU 0HQVFK ZlUH GXUFK GHQ =XVDPPHQSUDOODXIJHKDOWHQZRUGHQ 1LFKWVRGHUOHEHQGH7RWH +HPSVKDZ VFKULH DXI DOV LKQ GHU &RORQHO UDPPWH (U KDWWH GDV*HIKOJHJHQHLQHQIDKUHQGHQ=XJJHSUDOOW]XVHLQ+RFK ZLUEHOWH HU LQ GLH /XIW XQG ILHO VFKZHU DXI GLH GXUFKZHLFKWH :LHVH ]XUFN 1XU GHU PRUDVWLJH %RGHQ Gl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
'DV RIIHQH *UDE KDWWH VLFK EHUHLWV PLW 5HJHQZDVVHU JHIOOW 5LFN OLH GLH 7DVFKH KLQHLQIDOOHQ *HPHLQVDP PLW GHP &KHILQVSHNWRUVFKDXIHOWHHUGDVIHXFKWH(UGUHLFKZLHGHULQGLH RIIHQH*UXEH +D]HOEOLHEXQWHUGHVVHQDXIGHUQLHGULJHQ0DXHU VWHKHQ XP GLH 8PJHEXQJ ]X EHREDFKWHQ ª,FK NDQQ GLH .lPSIHQGHQ VHKHQ©ULHIVLHQDFKHLQHU:HLOHª(VZLUGKHOOHU© 'DVPHUNWHDXFK5LFNGHUDOOHVEHUHLWVRKQH6FKZLHULJNHLWHQ
HUNHQQHQNRQQWH ª'LH:RONHQGHFNHUHLWDXI©ULHIHUNHXFKHQG ª:RUDQZROOHQ6LHHUNHQQHQREHVIXQNWLRQLHUW"©VW|KQWHGHU &KHILQVSHNWRUª,FKPHLQHGDGHU%DQQJHEURFKHQLVW"© ª$EZDUWHQ©JDEGHU3ULYDWGHWHNWLY]XUFN (U ZXWH VHOEVW QRFK QLFKW RE XQG ZLH VLH HLQHQ (UIROJ PHUNHQZUGHQ ª5LFNVLHNRPPHQQlKHU©ULHI+D]HOSO|W]OLFKDXIJHUHJW (UVFKURFNHQ IXKUHQ 5LFN 0DVWHUV XQG &KHILQVSHNWRU +HPSVKDZDXIDOVVLHRKUHQEHWlXEHQGHV.UDFKHQJDQ]LQLKUHU 1lKH K|UWHQ ,P VHOEHQ 0RPHQW ]XFNWHQ DXFK ZLHGHU JUHOOH %OLW]HDXVGHQ:RONHQGLHVLFKEHU GHP )ULHGKRI VFKO|VVHQ 5LQJV XP VLH VFKOXJHQ GLH %OLW]H HLQ 6LH VFKULHQ HUVFKURFNHQ DXI DEHU LKUH 6FKUHLH JLQJHQ LQ GHP EHWlXEHQGHQ 'RQQHUQ XQWHU 0LW *HVWHQ PDFKWH VLFK 5LFN GHP &KHILQVSHNWRU YHUVWlQG OLFK (U ]HLJWH +HPSVKDZ GD VLH GDV *UDE VR VFKQHOO ZLH P|JOLFKVFKOLHHQVROOWHQ6LHVFKDXIHOWHQPLWDOOHU.UDIW =ZLVFKHQGXUFKZDUI5LFNLPPHUZLHGHUHLQHQ%OLFNEHUGLH 0DXHU (U NRQQWH MHW]W YRQ VHLQHP 6WDQGRUW GLH GUHL 8QWRWHQ VHKHQ'HU&RORQHONlPSIWHPLWGHU:XWGHV8QWHUOHJHQHQGHU VHLQ =LHO QLFKW DXIJHEHQ ZROOWH *HRUJH XQG 0DQVRQ ILQJHQ MHGHQVHLQHU+LHEHDXIXQGYHUVXFKWHQLPPHUZLHGHULKQYRP )ULHGKRIIHUQ]XKDOWHQ 'HUOHEHQGH7RWHYHUIXJWHEHUXQJODXEOLFKH.UlIWH(QWVHW]W VWHOOWH 5LFN IHVW GD GHU &RORQHO VRJDU QRFK VWlUNHU ZDU DOV *HRUJH XQG 0DQVRQ ]XVDPPHQJHQRPPHQ 1LFKW PHKU ODQJH XQG HU ZUGH VHLQH EHLGHQ *HJQHU EHUZXQGHQ KDEHQ XQG GXUFKEUHFKHQ ª6FKQHOOHU© EUOOWH HU GHP &KHILQVSHNWRU ]X XQG VFKDXIHOWH PLWDOOHU.UDIWGLHOHW]WH(UGH]XUFNLQGDVIULVFKH*UDE ª9RUVLFKW©VFKULH+D]HO 5LFNV .RSI ]XFNWH KRFK 'HU &RORQHO ZDU GXUFKJHEURFKHQ XQGQlKHUWHVLFKLKQHQPLWXQJODXEOLFKHU*HVFKZLQGLJNHLW
ª)HUWLJ© ULHI&KHILQVSHNWRU+HPSVKDZ(U KDWWH VRHEHQ GLH OHW]WH 6FKDXIHO (UGH DXI GHQ NOHLQHQ +JHO JHZRUIHQ XQG IHVWJHGUFNW ,P VHOEHQ 0RPHQW EOLHE GHU &RORQHO VWHKHQ DOV ZlUH HU JHJHQ HLQH XQVLFKWEDUH 0DXHU JHODXIHQ $XFK *HRUJH XQG 0DQVRQHUVWDUUWHQ ,QDWHPORVHU6SDQQXQJZDUWHWHQVLHGDUDXIZDV DOVQlFKVWHV JHVFKHKHQZUGH 'LH :RONHQGHFNH UL YRQ +RUL]RQW ]X +RUL]RQW XQG WULHE UDVFK DXVHLQDQGHU %ODXHU +LPPHO NDP ]XP 9RUVFKHLQ ,P :HVWHQQRFKGXQNHOLP2VWHQU|WOLFKJHIlUEW'HU6RQQHQDXI JDQJVWDQGXQPLWWHOEDUEHYRU 'HU &RORQHO XQG GLH EHLGHQ DQGHUHQ 8QWRWHQ VDQNHQ ]X %RGHQXQGUKUWHQVLFKQLFKWPHKU 5LFN0DVWHUVO|VWHVLFKDOVHUVWHUDXVVHLQHU6WDUUHXQGWUDWDQ GLHGUHL/HLFKHQKHUDQ ª:LUKDEHQQLFKWVPHKUYRQLKQHQ]XEHIUFKWHQ.HQQHWK© IOVWHUWHHUª6LHVLQGWRW/DVVHQ6LHVLHDEWUDQVSRUWLHUHQ© &KHILQVSHNWRU +HPSVKDZ QLFNWH VWXPP XQG NHKUWH PLW KlQJHQGHQ6FKXOWHUQ]XP6FKOR]XUFN 5LFN 0DVWHUV WUDW DXI VHLQH )UHXQGLQ ]X XQG OHJWH +D]HO GLH $UPH XP GLH 6FKXOWHUQ 6LH OHKQWH VLFK JHJHQ LKQ XQG ZDUI HLQHQODQJHQ%OLFNDXIGLHGUHL/HLFKHQ ª(LQ 0RUG GHU VLHEHQXQGGUHLLJ -DKUH ]XUFNOLHJW© PXUPHOWHVLHª8QGKHXWHLVWGLHE|VH6DDWDXIJHJDQJHQ© ª,FK NRQQWH HV QLFKW YHUKLQGHUQ© VDJWH 5LFN DOV PWH HU VLFKUHFKWIHUWLJHQ ª,FK ZHL© EHUXKLJWH LKQ +D]HO ª.RPP LQV 6FKOR 9LHOOHLFKWKDWQRFKMHPDQGKHLHQ7HHIUXQV© 1DFKHLQHPOHW]WHQ%OLFNDXIGLHGUHL2SIHUNHKUWHQVLHQDFK 3HQIRUG &DVWOH ]XUFN LQ GHP HLQ 8UODXE ]X HLQHU )OXW GHV *UDXHQVJHZRUGHQZDU ²(1'(²
0DUWLQ.HOWHU9HUODJ*PE+ &R +DPEXUJ0KOHQVWLHJ3RVWIDFK 7HOHIRQ6D1U)HUQVFKUHLEHU9HUDQWZRUWOLFKH5HGDNWLRQ&HFLO6FKHOOHU $XVOLHIHUXQJ LQ gVWHUUHLFK 0RUDZD &R :LHQ :ROO]HLOH $XVOLHIHUXQJ LQ ,WDOLHQ 0HVVDJJHULH ,QWHUQD]LRQDOH 0DLODQG $XVOLHIHUXQJ LQ GHU 6FKZHL] 6FKPLGW$JHQFH $*$]HG %DVHO .LRVN $* %HUQ 1DYLOOL &LH 6$ *HQI $Q]HLJHQYHUZDOWXQJ -UJHQ %WWQHU )UDQNIXUW :HVWHQGVWU 7HOHIRQ 7HOH[ ] = JOWLJH $Q]HLJHQSUHLVOLVWH 1U 3ULQWHG LQ *HUPDQ\ E\ 0HUR'UXFN 2WWR 0HOFKHUW .* *PE+ &R *HHVWKDFKW 5RPDQH XQG 5lWVHO GUIHQ QLFKW YHUOLHKHQ RGHU ]X JHZHUEV PlLJHP 8PWDXVFK YHUZHQGHW ZHUGHQ )KUXQJ LQ /HVHPDSSHQ QXU PLW *HQHKPL JXQJ GHV 9HUODJHV )U XQYHUODQJW HLQJHVDQGWH 0DQX VNULSWH XQG %LOGYRUODJHQ EHUQLPPW GHU 9HUODJ NHLQH *HZlKU 'HU 9HUODJ JHK|UW GHU 6HOEVWNRQWUROOH GHXWVFKHU 5RPDQ+HIWYHU ODJH DQ ,P 9HUNDXIVSUHLVLVWGLHJHVHW]OLFKH0:67HQWKDOWHQ