61 downloads
408 Views
359KB 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
+$59(<3$7721
:(/7,01,(0$1'6/$1'
0LWJURHQ$XJHQYHUIROJWH/HH0DUJLQGLH6\PEROHGLHLQUDVFKHU)ROJHEHU GHQ%LOGVFKLUPGHV&RPSXWHUVKXVFKWHQ(LQ7DVWHQGUXFNXQGVLHZXUGHQGXUFK DQGHUHDEJHO|VWDEHUHUYHUVWDQGYRQGLHVHQHEHQVRZHQLJZLHYRQGHQHQ]XYRU /HH ZDU HLQ 0DQQ GHU 3OlQH VFKPLHGHQ ,QWULJHQ DXVGHQNHQ XQG DXFK DQGHUH EHUV2KUKDXHQNRQQWHZHQQHVGDUDXIDQNDP.HLQHLJHQWOLFKHU*DXQHUDEHU HLQ7\SGHUVWHWVVHLQHQ9RUWHLOVXFKWHDXVGHP+RO]DOVRDXVGHPGLHPHLVWHQ HUIROJUHLFKHQ*HVFKlIWVOHXWHHUZXFKVHQ'RFKVRZHLWZDUHUOlQJVWQRFKQLFKW HUNORPPJHUDGHHUVWGLHXQWHUVWHQ6SURVVHQGLHVHU/HLWHUKRFK ³:LUVW GX HV VFKDIIHQ 6FKZHVWHU" HUNXQGLJWH HU VLFK JHGlPSIW DEHU ,ORQD 0DUJLQZLQNWHXQJHKDOWHQDE ³1LFKWZHQQGXPLFKGDXHUQGLQPHLQHU.RQ]HQWUDWLRQVW|UVW]LVFKWHVLHXQG GDQQ JOLWWHQ LKUH VFKPDOHQ )LQJHU HUQHXW EHU GLH %HGLHQXQJVHOHPHQWH GHV NOHLQHQ5HFKQHUVVLJDQHVLVFKHU3URGXNWLRQ 6LH ZDUHQ *HVFKZLVWHU GRFK lXHUOLFK lKQHOWHQ VLH VLFK LQ NHLQHU :HLVH /HH ZDUJURXQGNUlIWLJJHEDXWPLWHLQHPU|WOLFKHQUXQGHQ*HVLFKWXQWHUNUDXVHP %ORQGKDDU,ORQDHLQHQ.RSINOHLQHULKUH=JHVRVFKPDOZLHLKUH*HVWDOWGDV EUlXQOLFKH +DDU ODQJ XQG JODWW 'HU %UXGHU ZDU GUHLLJ XQG GDPLW GUHL -DKUH lOWHUHLQ3UDNWLNHUPLWHLQHPVLFKHUHQ*HVSUIUJQVWLJH*HOHJHQKHLWHQDEHU YRQNRPSOL]LHUWHU7HFKQLNYHUVWDQGHUVRJXWZLHQLFKWV 'DIUZDU,ORQDDXIGLHVHP*HELHWYROONRPPHQILUP6LHKDWWHHLQH$XVELOGXQJ DOV.\EHUQHWLNHULQDEVROYLHUWXQGGDQDFKHLQLJH-DKUHLP5HFKHQ]HQWUXPHLQHU 6WDDWVEHK|UGH JHDUEHLWHW 'DQQ ZDU HLQH DOWH 7DQWH JHVWRUEHQ XQG KDWWH GHQ EHLGHQ LKU DQVHKQOLFKHV 9HUP|JHQ YHUHUEW (V EHVWDQG ]XP JU|WHQ 7HLO DXV JXWHQ :HUWSDSLHUHQ /HH KDWWH GDPLW JHDUEHLWHW XQG HV LQQHUKDOE YRQ ]ZHL -DKUHQYHUGUHLIDFKW %LVGDKLQZDUHUQXU$QJHVWHOOWHUHLQHVLQWHUVWHOODUHQ5HLVHEURVJHZHVHQGRFK QXQ NRQQWH HU VLFK VHLQHQ KHLPOLFKHQ 7UDXP HUIOOHQ XQG VLFK VHOEVWlQGLJ PDFKHQ 6HLQ (QG]LHO ZDU HV GLH DUULYLHUWH .RQNXUUHQ] ]X EHUIOJHOQ DEHU QDWUOLFK PXWH HU HUVW HLQPDO UHODWLY NOHLQ DQIDQJHQ 6HLQH 6FKZHVWHU KDWWH EHVFKORVVHQLKPGDEHL]XKHOIHQVLHEUDFKWHLQGLHQHXH)LUPDGLH)lKLJNHLWHQ HLQGLHLKPIHKOWHQ$XFKVLHZROOWHQDFKREHQQRWIDOOVPLWDOOHQ0LWWHOQXQG DXIGLHVHU(EHQHJOLFKHQVLFKGLHEHLGHQJDQ] ,KUH 5HLVHDJHQWXU QDQQWH VLFK $'9(172856 XQG VWLH EHZXW LQ HLQH 0DUNWOFNHGLHGHUILQGLJH/HHDXVJHVSlKWKDWWH 1RUPDOH 7RXULVWLNXQWHUQHKPHQ JDE HV LP 6RODUHQ ,PSHULXP JHQXJ XQG VLH KDWWHQ GHQ 0DUNW IHVW LP *ULII 'DQHEHQ H[LVWLHUWH HLQH NOHLQH *UXSSH YRQ $JHQWXUHQ GLH VLFK DQ GHQ .UHLV ZRKOKDEHQGHU /HXWH ZDQGWHQ GLH VLFK DXV LUJHQGZHOFKHQ *UQGHQ NHLQ HLJHQHV 5DXPVFKLII DQJHVFKDIIW KDWWHQ )U GLHVH RUJDQLVLHUWHQ VLH )OJH ]X VRJHQDQQWHQ ³ZLOGHQ :HOWHQ PHLVW 3ODQHWHQ LP
8U]XVWDQGDXIGHQHQHV6DXULHUXQGlKQOLFKH7LHUHJDEGLHYRQGHQ%HK|UGHQ ]XU-DJGIUHLJHJHEHQZDUHQ 'LHVH 5HLVHWHLOQHKPHU KDWWHQ GHQ SULFNHOQGHQ 5HL] YRQ *HIDKUHQ XQG DKQWHQ QLFKWGDVLH²ZLHDXFKIDVWDOOHDQGHUHQ7RXULVWHQ²JHWlXVFKWXQGEHWURJHQ ZXUGHQ .HLQH $JHQWXU NRQQWH HV VLFK OHLVWHQ LKUH ]DKOXQJVNUlIWLJHQ .XQGHQ XPNRPPHQ]XODVVHQGHQQGLHVZlUHLKUVLFKHUHU5XLQJHZHVHQ'HVKDOEZXUGH DXIGHQEHWUHIIHQGHQ:HOWHQYRQYRUQKHUHLQDOOHVVRRUJDQLVLHUWGDHVQXUJDQ] VHOWHQ HUQVWH =ZLVFKHQIlOOH JDE 'LH ³-DJGJHELHWH ZDUHQ HQJ HLQJHJUHQ]W XQG PLW3URMHNWRUHQEHVWFNWGLHVRIRUW(QHUJLHVFKLUPHDXIEDXWHQVREDOGHVHLQPDO ZLUNOLFK JHIlKUOLFK ZXUGH 'LH ³-lJHU PHUNWHQ PHLVW QLFKWV GDYRQ XQG IDOOV GRFK ZXUGHQ VLH YRP 7HDP LKUHU %HWUHXHU ODNRQLVFK GDUDXI KLQJHZLHVHQ GD GLHVDOOHVQXUDXV6RUJHXPLKUNRVWEDUHV/HEHQVRHLQJHULFKWHWZDU 'LHVH 9RUVRUJH NRVWHWH QDWUOLFK YLHO *HOG XQG GLH 3UHLVH IU GLHVH 6DIDULV ZDUHQ HQWVSUHFKHQG KRFK :HQQ QXQ MHPDQG NDP XQG GDV ³JURH $EHQWHXHU HUKHEOLFKELOOLJHUDQERWNRQQWHHUVLFKHUVHLQUHJHQ=XVSUXFKDXFKDXVZHQLJHU EHJWHUWHQ6FKLFKWHQ]XHUKDOWHQ'DUDXIKDWWH/HH0DUJLQVSHNXOLHUWHLQDOWHV DEHU QRFK JXW HUKDOWHQHV 5DXPVFKLII JHFKDUWHUW XQG GDPLW VHLQH HUVWHQ )OJH GXUFKJHIKUW 'RFKGDPLWZDUHUNUlIWLJDXIGLH1DVHJHIDOOHQ %HLGH0DOHZDUGDV6FKLIIYROOEHVHW]WJHZHVHQDEHUWURW]GHPKDWWHHU9HUOXVW JHPDFKW=XPHLQHQGHVKDOEZHLOHUVFKRQYRQGHQ%HK|UGHQNUlIWLJ]XU.DVVH JHEHWHQ ZXUGH GLH LKP DXHUGHP QRFK YRUVFKULHEHQ ZHOFKH 3ODQHWHQ GDV 6FKLII DQIOLHJHQ GXUIWH =XP DQGHUHQ GXUFK GLH 9HUVLFKHUXQJHQ GLH HLQHP $QIlQJHU VWHWV EHUK|KWH 3UlPLHQ DEIRUGHUWHQ /HH 0DUJLQ KDWWH VLH ]lKQHNQLUVFKHQG EH]DKOW DEHU EDOG HLQJHVHKHQ GD HV VR QLFKW ZHLWHUJHKHQ NRQQWH 6HLQ7UDXPYRQ(UIROJXQGGHPJURHQ*HOGGURKWHMlPPHUOLFK]XSODW]HQHLQH QHXHXQGEHVVHUH,GHHPXWHKHU 'LHVH KDWWH HU DEHU QLFKW VHOEVW VRQGHUQ VHLQH ³NOHLQH ELV GDKLQ QXU HLQH 1HEHQUROOHVSLHOHQGH6FKZHVWHU ³'LH:HOWZLOOEHWURJHQVHLQGDVLVWVFKRQVHLWGHP$OWHUWXPEHNDQQWVWHOOWH VLHQFKWHUQIHVW³$QGLHVH0D[LPHKlOWVLFKDXFKKHXWHQRFKSUDNWLVFKMHGHU XQG ZHVKDOE VROOWHQ JHUDGH ZLU KLHU GLH $XVQDKPH VHLQ" /D PLFK QXU HLQPDO VFKDUIEHUOHJHQPLUIl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
NDXPQRFKEHUW|OSHOQ .DXP GDV EHGHXWHWH GD HV HEHQ GRFK JLQJ ZHQQ MHPDQG HLQ YHUVLHUWHU )DFKPDQQZDU 8QG ,ORQD ZDU YRP )DFK VLH KDWWH ZlKUHQG LKUHU $UEHLWVMDKUH REHQGUHLQ DXFK HLQH 0HQJH 7ULFNV JHOHUQW GLH LQ NHLQHU DPWOLFKHQ 'LHQVWDQZHLVXQJ ]X ILQGHQ ZDUHQ 'LHV NDP LKU QXQ ]XVWDWWHQ XQG GHU VLJDQHVLVFKH 5HFKQHU EHVD HLQH EHDFKWOLFKH .DSD]LWlW 6LH ZDU GDEHL VLFK LQ HLQHQ $UFKLYFRPSXWHU ³HLQ]XVFKOHLFKHQXPYRQLKPMHQH'DWHQ]XHUIDKUHQDXIGLHHVLKUDQNDP (UVFKZHUHQG GDEHL ZDU GD VLFK GLHVH 3RVLWURQLN DXVJHUHFKQHW LQ ,PSHULXP $OSKD EHIDQG GHU %HIHKOV]HQWUDOH LQ 7HUUDQLD &LW\ 6LFK GRUW KLQHLQ]XPRJHOQ ZDU lXHUVW VFKZLHULJ ZHLO HV JHUDGH GRUW ZR YLHOH *HKHLPQLVWUlJHU VDHQ EHVRQGHUVYLHOH6LFKHUXQJHQJDE'LHMXQJH)UDXPXWHHVVR]XVDJHQXPVLHEHQ (FNHQ KHUXP WXQ VLFK PKVDP DQ GDV =LHOREMHNW KHUDQWDVWHQ XQG VLH GXUIWH GDEHLNHLQHQHLQ]LJHQ)HKOHUEHJHKHQ1XUHLQIDOVFKHV6LJQDOGDQQEORFNLHUWHQ GLH.RQWUROOHOHPHQWHVRIRUWGLH9HUELQGXQJXQGJDEHQ$ODUPXQGGDQQJDEHV NHLQHQ]ZHLWHQ9HUVXFKPHKU 'RFK ,ORQD KDWWH HLQ DXVJH]HLFKQHWHV *HGlFKWQLV XQG VLFK HLQLJH GXW]HQG .HQQV\PEROH EHK|UGOLFKHU *URUHFKQHUJHPHUNW0LWGLHVHQMRQJOLHUWHVLHQXQ I|UPOLFKVLHYHUODQJWH]XHUVWKDUPORVH'DWHQLPPHUGRUWZRVLHQLFKW]XILQGHQ ZDUHQ 'LH &RPSXWHU YHUZLHVHQ VLH DQ DQGHUH ZHLWHU XQG JHJHQEHU GLHVHQ PRGLIL]LHUWHVLHLKU9HUODQJHQVHKUJHVFKLFNW'DUDXIKLQZXUGHVLHSURPSWQRFK HLQLJH 0DOH ³ZHLWHUJHUHLFKW XQG VR WDVWHWH VLH VLFK YRQ (XURSD DXV ELV LQV %HK|UGHQQHW]YRQ7HUUDQLD&LW\YRU 'LHVHV EHVD QDWUOLFK YLHOH .DQlOHQDFK ,PSHULXP $OSKD XQG QXQ VSLHOWH VLH LKUHQHQWVFKHLGHQGHQ7UXPSIDXVHLQ6\PEROPLWGHPVLHLKUHP9RUJHKHQGHQ $QVFKHLQHLQHUDPWOLFKHQ$QIUDJHPLWWOHUHU3ULRULWlWJDE'DVUHLFKWHQLFKWDXV XP LUJHQGZLH 9HUGDFKW ]X HUUHJHQ 9HUELQGXQJHQ GLHVHU $UW ZXUGHQ WlJOLFK GXW]HQGZHLVHYHUODQJWVLHZXUGHSUREOHPORVZHLWHUJHUHLFKWXQGZDU³GULQ 'ULQ ² LP $UFKLYFRPSXWHU GHU ([SORUHUIORWWH GHU DOOH 'DWHQ EHU GLH YRQ GLHVHU)ORWWHHUIRUVFKWHQ:HOWHQHQWKLHOW 'LHVHZDUHQQLFKWHLJHQWOLFKJHKHLPVRQGHUQQXU³IULQWHUQHQ'LHQVWJHEUDXFK HLQJHVWXIW IU $XHQVWHKHQGH DEHU WURW]GHP NDXP ]X HUKDOWHQ :HQQ GHU .RQWDNW MHGRFK HLQPDO VWDQG JLQJ DOOHV ZLH YRQ VHOEVW ,ORQD 0DUJLQ DWPHWH QDFKODQJHU=HLWHUVWPDOVZLHGHUDXIXQGOlFKHOWHWULXPSKLHUHQG 6LH ZXWH ZDV VLH ZROOWH XQG EHVFKUlQNWH LKUH $EIUDJH DXI JDQ] EHVWLPPWH 2EMHNWH 6HNXQGHQ VSlWHU OLHIHQ =DKOHQNRORQQHQ EHU GHQ %LOGVFKLUP YRU LKU VLH EHJQJWH VLFK MHGRFK GDPLW VLH YRQ LKUHP 5HFKQHU VSHLFKHUQ ]X ODVVHQ 'DQQ NDP GDV 6FKOXVLJQDO VLH WLSSWH GLH EOLFKH 4XLWWXQJ VFKDOWHWH GDQQ DQ XQGOHKQWHVLFK]XUFN ³'DVZDUHV%UXGHUKHU]HUNOlUWHVLHODNRQLVFK³-HW]WQRFKHLQH=LJDUHWWH]XU (QWVSDQQXQJ XQG GDQQ UXIHQ ZLU GHQ 6SHLFKHU DE 'DUDXI VLQG PLQGHVWHQV KXQGHUW 3ODQHWHQ GLH IU XQVHUH =ZHFNH LQ )UDJH NRPPHQ ² HV PWH VFKRQ PLWGHP7HXIHO]XJHKHQZHQQQLFKWGHUULFKWLJHIUXQVGDEHLZlUH ³'HLQ :RUW LQV 2KU GHU ]XVWlQGLJHQ *|WWHU VHXI]WH /HH PDWW ³6FKOLHOLFK
KlQJWXQVHUHJDQ]H=XNXQIWGDYRQDE ³:LH OlXIW HV 3RXO" HUNXQGLJWH HU VLFK HLQH :RFKH VSlWHU EHL GHP 0DQQ LQ GHVVHQ+lQGHQGLH.XQGHQZHUEXQJIU$'9(172856ODJ3RXO'HODYLHUHLQ DOHUWHU'UHLLJHUQLFNWH]XIULHGHQ ³6HKUJXW/HHXQVHUH.UHX]IDKUWLQV%ODXH NRPPWDXVJH]HLFKQHWDQ'LHVPDO KDEH LFK GHQ $EHQWHXHU$VSHNW QLFKW HLJHQV EHWRQW GRFK GLH .XQGHQ ZLVVHQ YRQIUKHUKHUGDVRHWZDVGDEHLKHUDXVNRPPHQZLUG6FKOLHOLFKZROOWHQZLU G\QDPLVFKHMXQJH3DDUH XQGELVMHW]WKDEHQVFKRQIQIXQGGUHLLJIHVWJHEXFKW 'LH EULJHQ NRPPHQ EHVWLPPW QRFK GD]X XQG DOOH KDEHQ DQVWDQGVORV VFKRQ GDV*HOGDXI,KU.RQWREHUZLHVHQ ³$OVR HQGOLFK GHU HUVHKQWH ZDUPH 5HJHQ DWPHWH /HH 0DUJLQ DXI ³.HLQH EHUIOVVLJHQ%HK|UGHQJHEKUHQPHKUXQGGLH3UlPLHQIUGLH9HUVLFKHUXQJHQ KDOELHUHQ VLFK DXFK ZHLO GHU 5LVLNR]XVFKODJ HQWIlOOW $XHUGHP KDEH LFK GLH &KDUWHUVXPPH IU GDV 6FKLII QRFK XP IDVW ]ZDQ]LJ 3UR]HQW GUFNHQ N|QQHQ ZLUKROHQQLFKWQXUGLHIUKHUHQ9HUOXVWHZLHGHUKHUHLQVRQGHUQPDFKHQVRJDU HLQHQ*HZLQQYRQPLQGHVWHQV 'HQ 5HVW YHUVFKOXFNWH HU NOXJHUZHLVH GHQQ HV KDQGHOWH VLFK XP HLQH 6XPPH YRQHWZDHLQHUKDOEHQ0LOOLRQ6RODU'HODYLHUNRQQWHMHGRFKDXFKUHFKQHQGHQQ HU HUNXQGLJWH VLFK VRIRUW ³6SULQJW GDQQ QLFKW HLQH *HKDOWVHUK|KXQJ IU PLFK KHUDXV" 6FKOLHOLFK KDEHQ 6LH GLHVHQ (UIROJ ZHLWJHKHQG PLU ]X YHUGDQNHQ LFK KDEHPLWPHLQHUJH]LHOWHQ.DPSDJQH ³6SlWHU3RXOZHKUWH0DUJLQDE³PDQVROOGLH6WHDNVQLFKWYHUWHLOHQHKHPDQ GHQ 6DXULHU HUOHJW KDW ZLH VFKRQ HLQ DOWHV 6SULFKZRUW VDJW :DUWHQ ZLU GDPLW DOVRDEELVLFKYRQGLHVHP)OXJ]XUFNELQMD" ³:LH6LHZROOHQVHOEVWPLWIOLHJHQIUDJWHGHUDQGHUHYHUEOIIWXQG/HHQLFNWH VHOEVWEHZXW ³'DV DOOHUGLQJV XQG PHLQH 6FKZHVWHU HEHQIDOOV %LV MHW]W KDEHQ ZLU QXU JHVFKXIWHWXQGDQGHUHQGD]XYHUKROIHQLKUH$EHQWHXHUIDVW]X6FKOHXGHUSUHLVHQ ]XHUOHEHQ-HW]WZROOHQZLUDXFKHLQPDOVHOEVWVRHWZDVPLWPDFKHQVRMXQJXQG G\QDPLVFK ZLH XQVHUH .XQGHQ VLQG ZLU EHVWLPPW DXFK $XHUGHP N|QQHQ ZLU GDQQ DXV HLJHQHU (UIDKUXQJ GDUEHU EHULFKWHQ XQG GDV PDFKW VLFK LQ XQVHUHU :HUEXQJ EHVWLPPW VHKU JXW 'D NRPPW GLH .RQNXUUHQ] NHLQHVIDOOV PLW GLH YHUNDONWHQDOWHQ+HUUHQULVNLHUHQVRHWZDVGRFKQLH ³'LH,GHHLVWJXWPHLQWH3RXO'HODYLHUDQHUNHQQHQG³VRZHLWKDEHLFKQRFKJDU QLFKW JHGDFKW 2ND\ GDQQ ZHUGH LFK LQ]ZLVFKHQ EHUHLWV DOOHV HQWVSUHFKHQG YRUEHUHLWHQ XQG IU HLQHQ *KRVWZULWHU VRUJHQ GHU DOOHV ULFKWLJ DXVVFKODFKWHQ NDQQ 'D]X QRFK HLQLJH EHJHLVWHUWH 6WLPPHQ XQVHUHU .XQGHQ GDV ]XVDPPHQJHIDWJLEWHLQH3XEOLF5HODWLRQGLHVLFKJHZDVFKHQKDW ³6LH KDEHQ HV ULFKWLJ HUIDW EHVWlWLJWH /HH 0DUJLQ JULQVHQG ³,KUH *HKDOWVHUK|KXQJLVW,KQHQVRJXWZLHVLFKHUQXUVROOWHQ6LHGLHVHP*KRVW GDQQ DXFK QLFKW ]XYLHO ELHWHQ :LU YHUVWHKHQ XQV MHGHQIDOOV XQG ZLH LFK HV VHKH KDEHQ ZLU XQVHUH YLHU]LJ 3DDUH EHVWLPPW EHUPRUJHQ ]XVDPPHQ 'DV 6FKLII VWHKW DXI $EUXI EHUHLW ZLU N|QQHQ GLH .XQGHQ GDYRQ XQWHUULFKWHQ GD GHU $EIOXJ DP HUIROJHQ ZLUG 'DV LVW LQ IQI 7DJHQ XQG LQ GLHVHU =HLW
NDQQDOOHVDQ%RUGJHEUDFKWZHUGHQZDVIUGUHL:RFKHQ5HLVHQ|WLJLVW ³,FKZHUGHDXFKGDVYHUDQODVVHQYHUVSUDFK'HODYLHUGRFKGDQQYHU]RJHUGDV *HVLFKW ³'D LVW QRFK HWZDV /HH GLH 5DXPDXIVLFKW EHVWHKW GDUDXI GD QHXHUGLQJV EHL MHGHP )OXJ YRQ GLHVHU 'DXHU HLQ $U]W PLW DQ %RUG LVW RGHU HUVDW]ZHLVH ]ZHL 0HGRURERWHU 6ROO LFK PLFK DQ GLH *HVXQGKHLWVEHK|UGH ZHQGHQ XQG HLQHQ 'RNWRUDQIRUGHUQ" 0DUJLQQLFNWH]XQlFKVWZLQNWHGDQQZLHGHUDE ³1XUNHLQHQ$U]W:HQQZLUGDVHLQPDOHLQIKUHQPVVHQZLUVSlWHUDXFKGDEHL EOHLEHQ XQG GDV NRPPW XQV DXI 'DXHU YLHO ]X WHXHU 1HLQ LFK KDEH GD HLQH EHVVHUH ,GHH GLH 6RODUH 5DXPIORWWH PXVWHUW ODXIHQG DOOH 0HGRURERWV DXV GLH LKUH'LHQVW]HLW YRQIQI-DKUHQYROOKDEHQXQGJLEWVLH]XP9HUNDXIDQ3ULYDWH IUHL'LH1DFKIUDJHLVWDEHUQXUJHULQJDOVRVLQGVLHVHKUELOOLJ]XKDEHQXQGGD YRQXQVHUHQMXQJHQ.XQGHQZRKONDXPMHPDQGHUQVWOLFKHUNUDQNHQZLUG,FK NHQQH GD ]XIlOOLJ HLQHQ 0DQQ GHU PLU GHQ .DXI VFKQHOO YHUPLWWHOQ NDQQ XQG ZHUGHLKQVRIRUWDQUXIHQVLHZHUGHQUHFKW]HLWLJLP6FKLIIVHLQ ³0RUJHQ JHKW HV DOVR ORV VDJWH ,ORQD ZlKUHQG VLH DXV LKUHP .OHLGHUVFKUDQN GHQ ]ZDQ]LJVWHQ 3XOORYHU KROWH XQG LQ GHQ RKQHKLQ VFKRQ EHUYROOHQ GULWWHQ .RIIHU SDFNWH ³3ODQHW /XUXS ,, UXQG /LFKWMDKUH HQWIHUQW DQQlKHUQG HUGJOHLFKZLHPHLQH'DWHQEHVDJHQHLQ([SORUHUVFKLIIKDWLKQYRU]HKQ-DKUHQ HUNXQGHW'DHUDEHULP1LHPDQGVODQG]ZLVFKHQGHP6RODUHQ,PSHULXPXQGGHQ DXIPSILJHQ %UGHUQ YRQ 'DEULID OLHJW ZXUGH HU QLFKW EHVLHGHOW KPPP RE LFKQLFKWGRFKQRFKGUHLZHLWHUH.OHLGHUPLWHLQSDFNHQVROO"6FKOLHOLFKZHUGHQ QRFK YLHU]LJ MXQJH )UDXHQ PLW DQ %RUG VHLQ XQG YRU LKQHQ P|FKWH LFK PLFK QLFKWEODPLHUHQ /HH0DUJLQJULQVWHNXU]XQGEHPHUNWH ³1LFKW GLH 0DVVH PDFKW HV VRQGHUQ GLH 4XDOLWlW 6FKZHVWHUKHU] $XHUGHP ZLUVWGXZRKONDXPGD]XNRPPHQJURH*DUGHUREH]XWUDJHQIUFKWHLFK'LH 5HLVH DQ VLFK GDXHUW VHOEVW PLW GLHVHP DOWHQ .DKQ QXU HLQHQ 7DJ XQG GLH PHLVWHQ /HXWH ZHUGHQ GDYRQ DXFK QRFK GLH +lOIWH YHUVFKODIHQ ZHLO ZLU DP IUKHQ $EHQG VWDUWHQ 6LFKHU ZLU PVVHQ PLW LKQHQ NRQIHULHUHQ XP GLH :HLFKHQULFKWLJ]XVWHOOHQDEHUGDEHLZHUGHQVLHZRKONDXPGDUDXIDFKWHQZLH GXDQJH]RJHQELVW8QGZHQQZLUHLQPDODQJHNRPPHQVLQG ³(NHOKDIWHU3OHEHMHUPXUPHOWH,ORQDJHUHL]W³'XPHLQVWZRKOZHLOGXLPPHU LQGHQJOHLFKHQ.ODPRWWHQKHUXPOlXIVWPWHLFKGDVVHOEHWXQDEHULFKGHQNH QLFKWGDUDQ,FKZHUGHPLFKVRVFK|QPDFKHQZLHLFKZLOOYHUVWHKVWGX" /HHQLFNWHHQWVDJHQG ³7X ZDV GX QLFKW ODVVHQ NDQQVW DEHU YHU]LFKWH GDQQ ZHQLJVWHQV GDUDXI GHQ 0lQQHUQ VFK|QH $XJHQ ]X PDFKHQ 'DV IUHLH /HEHQ DXI HLQHU XQEHZRKQWHQ :HOW OlW VLH VFKQHOOHU GDUDXI DQVSULQJHQ DOV VRQVW XQG GDV GUIWH LKUHQ %HJOHLWHULQQHQNDXPJHIDOOHQ ³,FKZHLVFKRQVHOEVWZLHZHLWLFKJHKHQGDUINDPHVJHUHL]W]XUFNXQGGHU %UXGHUVHXI]WH
³'DVVDJWHGLH)OLHJHDXFKXQGGDQQKLQJVLHDXIHLQPDOLP6SLQQHQQHW]IHVW 0lGFKHQ ZLU ZHUGHQ GUHL :RFKHQ DXI GHP 3ODQHWHQ VHLQ XQG bUJHU N|QQHQ ZLUGRUWZLUNOLFKQLFKWEUDXFKHQVRQVWYHUJUDXOHQZLUXQVGLH.XQGHQ*HUDGH MHW]W ZR ZLU HQGOLFK ULFKWLJ LQV *HVFKlIW NRPPHQ N|QQHQ YHUGDPPW IDVW KlWWH LFK GRFK QRFK HWZDV YHUJHVVHQ ,FK UXIH HEHQ QRFKPDO DQ XP :HLQ ]X EHVWHOOHQLFKZLOODXI/XUXS,,EHLSDVVHQGHU*HOHJHQKHLWHLQHJURH)HWHJHEHQ 8QG GX VLHK ]X GD GX HQGOLFK IHUWLJ ZLUVW LFK P|FKWH EDOG LQV %HWW PRUJHQ JLEWHVQRFKYLHO]XWXQ 6RZDUHVGDQQDXFK =XQlFKVWHLQH.RQIHUHQ]PLWGHP5HLVHOHLWHUHLQHPEHVRQQHQHQlOWHUHQ0DQQ GHUIUKHU3URVSHNWRUJHZHVHQZDUXQGZXWHZRUXPHVDXI³ZLOGHQ3ODQHWHQ JLQJ /HW]WH ,QVWUXNWLRQHQ IU 'HODYLHU XQG GLH EHLGHQ 0lGFKHQ YRP %UR ]ZLVFKHQGXUFKLPPHUZLHGHU$QUXIHNQIWLJHU.XQGHQXQGQRFKYLHOHVPHKU /HH 0DUJLQ ZDU IURK DOV HU HQGOLFK DOOHV KLQWHU VLFK KDWWH XQG PLW ,ORQD ]XVDPPHQKLQDXV]XP5DXPKDIHQYRQ*UR/RQGRQIORJ 'LH 63$&( 6:$//2: VWDQG DXI HLQHU 1HEHQSLVWH HLQ .XJHOUDXPHU YRQ VHFK]LJ0HWHU'XUFKPHVVHUPLW/LQHDUWULHEZHUNGHPPDQVHLQ$OWHUQRFKQLFKW DQVDK 'LH ,QQHQHLQULFKWXQJ ZDU QLFKW VRQGHUOLFK NRPIRUWDEHO DEHU HFKWHQ $EHQWHXUHUQ PDFKWH GDV QLFKW YLHO DXV $XFK GLH %HVDW]XQJ ZDU DXI HLQ 0LQLPXPEHVFKUlQNW]ZHL)UDXHQXQGGUHL0lQQHUGHU&KDUWHUNDSLWlQPXWH HEHQVRZLH/HHVHKHQGDHUDXIVHLQH.RVWHQNDP (U KLH -RKQ 7DVKQHU XQG HUZDUWHWH GLH *HVFKZLVWHU 0DUJLQ YRU GHU DXVJHIDKUHQHQ*DQJZD\³%HLXQVLVWDOOHVLQ2UGQXQJ0LVWHU0DUJLQHUNOlUWH HU PLW HLQHP DQHUNHQQHQGHQ %OLFN DXI ,ORQD GLH HLQ IDVW GXUFKVLFKWLJHV .OHLG XQG GDUXQWHU NDXP HWZDV WUXJ ³1XU PLW GHQ 3DVVDJLHUHQ VFKHLQW HV QRFK 7URXEOH]XJHEHQ'LOORQKDWPLFKYRUKLQGHVZHJHQDQJHUXIHQ%HLHLQLJHQVLQG GLH3DSLHUHQLFKWJDQ]LQ2UGQXQJDQGHUHKDEHQ]XYLHO*HSlFNXQG]ZHL3DDUH VLQGQRFKJDUQLFKWGD0DFKHQ6LH'DPSIGDKLQWHUXQVHU6WDUWLVWDXIIQI]HKQ 8KUIHVWJHVHW]W $OVRQXUQRFK]ZHLHLQKDOE6WXQGHQ/HHIOXFKWHXQWHUGUFNWXQGVWLHJZLHGHULQ GHQ *OHLWHU 'LH 6FKLIIVFUHZ KDWWH GDV *HSlFN ,ORQDV EHUHLWV DXVJHODGHQ XQG EHJOHLWHWH VLH DQ %RUG ,KU %UXGHU IORJ KLQEHU ]XP .RQWUROOJHElXGH XQG JLQJ GDUDQ GLH 'LQJH GRUW DXI VHLQH :HLVH ]X NOlUHQ (LQLJH 6RODUVFKHLQH LQ GLH ULFKWLJHQ+lQGHJHGUFNWXQGSO|W]OLFKZDUHQIHKOHQGH3DSLHUHXQGHLQ=XYLHO DQ*HSlFNXQZLFKWLJJHZRUGHQ %OLHE QRFK GDV 3UREOHP GHU ]ZHL DXVVWlQGLJHQ 7RXULVWHQSDDUH GRFK DXFK VLH IDQGHQ VLFK QDFK HLQHU 9LHUWHOVWXQGH HLQ $OOHV ZHLWHUH UHJXOLHUWH QXQ GHU 5HLVHOHLWHU /HH 0DUJLQ DWPHWH DXI XQGIORJ]XU6:$//2:]XUFN,QVHLQHU %UDQFKHJDEHVLPPHUZLHGHUNOHLQHUH3DQQHQGDUDQZDUHUOlQJVWJHZ|KQW ³-HGHQIDOOV N|QQHQ ZLU SQNWOLFK VWDUWHQ UHVPLHUWH HU LP 6HOEVWJHVSUlFK ³GDQQQRFKGLHUHVWOLFKHQ.OHLQLJNHLWHQZlKUHQGGHV)OXJHVXQGDQVFKOLHHQG NDQQPLUDOOHVJHVWRKOHQEOHLEHQ$XI/XUXSZHUGHLFKRKQH1RWNHLQHQ)LQJHU UKUHQ VFKOLHOLFK KDW DXFK HLQ JHSODJWHU 8QWHUQHKPHU HLQPDO HLQHQ 8UODXE
YHUGLHQW 'LH 63$&( 6:$//2: JOLWW DXV GHP /LQHDUUDXP GHU ,QWHUNRP LQ /HHV .DELQHVSUDFKDQXQG7DVKQHUEDWLKQLQGLH=HQWUDOH ³'LH.RRUGLQDWHQZDUHQULFKWLJHUNOlUWHHUXQGZLHVDXIHLQHQ6HNWRUHQVFKLUP DXIGHPEHUHLWVGDV%LOGGHVIUDJOLFKHQ3ODQHWHQVWDQG³,Q]ZHL6WXQGHQZHUGHQ ZLU/XUXS,,HUUHLFKHQGRFKGDQQPVVHQZLUHUVWHLQPDOLQHLQHQ2UELWJHKHQ XPHLQHQJQVWLJHQ3ODW]IUXQVHU/DJHU]XVXFKHQ'LH'DWHQEHUGLHVH:HOW VLQGGUIWLJGDUDXVJHKWQXUKHUYRUGDHVGUHL.RQWLQHQWHJLEWQLFKWDEHUZR VLH OLHJHQ (V ZLUG DOVR QRFKPDOV PLQGHVWHQV HLQH 6WXQGH YHUJHKHQ HKH ZLU ODQGHQN|QQHQ /HH0DUJLQQLFNWH ³2ND\LFKYHUODVVHPLFKJDQ]DXI6LH-RKQ,Q]ZLVFKHQN|QQHQ'LOORQXQGLFK GHQ 7RXULVWHQ QRFK GLH OHW]WHQ $QZHLVXQJHQ JHEHQ VLH VLQG QRFK LP 6SHLVHUDXP XQG GDV SDW JXW $FK MD ZHOFKH .OHLGXQJ VFKODJHQ 6LH IU GHQ $QIDQJYRU" ³'LH EOLFKHQ .RPELQDWLRQHQ GUIWHQ JHQJHQ GHQNH LFK =ZDU LVW GHU 3ODQHW ZlUPHU DOV GLH (UGH DEHU ZLU ZHUGHQ YHUVXFKHQ HLQHQ NOLPDWLVFK JQVWLJHQ )OHFN]XILQGHQQDWUOLFKLQQHUKDOEGHU7DJKDOENXJHO,FKXQWHUULFKWH6LHGDQQ UHFKW]HLWLJZHQQHVVRZHLWLVW $XVGHP6SHLVHUDXUQVFKOXJ0DUJLQODXWHV6WLPPHQJHZLUUHQWJHJHQ,ORQDNDP DXI LKQ ]X XQG EHPHUNWH XQPXWLJ ³8QVHUH $EHQWHXUHU VLQG JDQ] VFK|Q EHUPWLJ'LOORQZLUGNDXPPLWLKQHQIHUWLJ:HQQHVQDFKLKQHQJLQJHZUGH VLFK GLH +lOIWH QRFK YRU XQVHUHU $QNXQIW EHWULQNHQ LFK KDEH JHUDGH QRFK UHFKW]HLWLJ JHEUHPVW XQG GLH *HWUlQNHVSHQGHU VWLOOJHOHJW 'DV SDW LKQHQ QDWUOLFKJDUQLFKWGXVROOWHVWLKQHQHLQLJHSDVVHQGH:RUWHVDJHQ ³:LUG EHVRUJW YHUVSUDFK /HH ZHFKVHOWH QRFK HUNOlUHQGH 6lW]H PLW GHP 5HLVHOHLWHUXQGEHJDEVLFKGDQQ]XP/DXWVSUHFKHUSXOW (UNRQQWHJXWXQGEHU]HXJHQGUHGHQZHQQHVGDUDXIDQNDPXQGEDOGZDUGLH 5XKH ZLHGHU KHUJHVWHOOW .QDSS GUHL 6WXQGHQ VSlWHU VHW]WH GDV 6FKLII ]XU /DQGXQJ DQ HU VWDQG ZLHGHU LQ GHU =HQWUDOH XQG VDK JHVSDQQW DXI GHQ 3DQRUDPDVFKLUP 'DUDXI ZDU GHU 8PUL HLQHV NOHLQHUHQ XQUHJHOPlLJ JHJOLHGHUWHQ .RQWLQHQWV ]X VHKHQ ORFNHUH :RONHQIRUPDWLRQHQ ]RJHQ GDUEHU KLQ'HU.DSLWlQJDEGHP1DYLJDWRUHLQHQ:LQNGLHVHUVFKDOWHWHXQGHLQ$XV VFKQLWWGHU/DQGPDVVHHUVFKLHQJURLP%LOG ³:LU KDEHQ HV JQVWLJ JHWURIIHQ 0U 0DUJLQVDJWHGHU.DSLWlQ³(LQNOHLQHV +RFKSODWHDX PLW UHODWLY ZHQLJ %HZXFKV HV JHKW LQ GLH %HUJH EHU GLH 6LH LP +LQWHUJUXQGVHKHQ)HVWHU8QWHUJUXQGDOVRDXIGHPZLUJXWODQGHQN|QQHQGLH 7DJHVWHPSHUDWXUHQOLHJHQQXUZHQLJEHU]ZDQ]LJ*UDG'DV:HWWHULVW]XU=HLW JXW XQG GD XQWHQ LVW VSlWHU 9RUPLWWDJ GHU 7DJ GDXHUW HWZD 6WXQGHQ 8QV EOHLEHQ DOVR HWZD ]HKQ 6WXQGHQ XP DOOHV DXV]XODGHQ XQG GDV /DJHU ]X HUULFKWHQ ³(LQZLUNOLFKJXWHU3ODW]VWLPPWHGHUIUKHUH3URVSHNWRU]X³2ND\GDQQZLOO
LFK MHW]W PHLQH JDU QLFKW VR ]DKPHQ 6FKlIFKHQ YHUVDPPHOQ GDPLW GDQQ DOOHV ]JLJYRUDQJHKW(VZDUEULJHQVHLQHJXWH,GHHYRQ,KQHQHLQ]HOQH*UXSSHQ]X ELOGHQXQGGLH9HUDQWZRUWXQJIUGLH/HXWHDXVLKUHQ5HLKHQ]XEHUWUDJHQ/HH $XIGLHVHZLUGPDQZHLWHKHUK|UHQDOVDXIHLQHQDOWHQ0DQQZLHPLFK ³,FK KDEH QXU JXWH ,GHHQ JULQVWH 0DUJLQ VHOEVWEHZXW ,ORQD VDK LKQ VFKUlJ YRQGHU6HLWHDQGHQQVLHGDFKWHDQGLHIUKHUHQ3OHLWHQGRFKVLHHQWKLHOWVLFK HLQHU bXHUXQJ 'DQQ EOLFNWH VLH ZLHGHU DXI GHQ 6FKLUP DXI GHP QXQ GDV /DQGHJHELHWUDVFKJU|HUZXUGHZlKUHQGVLFKGHU$XVVFKQLWWYHUNOHLQHUWH -RKQ7DVKQHUKDWWHHLQHJXWH:DKOJHWURIIHQ0DQVDKQXUHLQLJHQLHGULJHXQG ZHLW YHUVWUHXWH )HOVJHELOGH GDV *HOlQGH GD]ZLVFKHQ ZDU PLW NQLHKRKHP 3IODQ]HQEHZXFKV EHGHFNW YHUHLQ]HOW JDEHV DXFK %VFKH XQG QLHGULJH %lXPH (LQ 5XGHO HWZD KLUVFKJURHU 7LHUH VWRE LQ ZLOGHU )OXFKW GDYRQ DOV VLFK GLH 63$&( 6:$//2: QXU YRQ LKUHP )HOGDQWULHE JHWUDJHQ GHP %RGHQ HQWJHJHQVHQNWH 6LH VHW]WH ZHLFK DXI ,ORQD NODWVFKWH GHP 3LORWHQ %HLIDOO XQG IUDJWHGDQQ³.|QQHQZLUMHW]WJOHLFKKLQDXV.DSLWlQ" 7DVKQHUVFKWWHOWHGHQ.RSI ³6RVFKQHOOJHKWGDVQLFKW0L0DUJLQGHU3ODQHWLVWQRFKQLFKWHUIRUVFKWXQG ZLU GUIHQ QLFKWV ULVNLHUHQ ,FK VFKLFNHHUVWHLQPDOGLHEHLGHQ0HGRURERWVPLW %LRDQDO\VDWRUHQ YRU VLH QHKPHQ 3UREHQ YRQ /XIW %RGHQ XQG *HZlFKVHQ XQG ZHUWHQ GLHVH DXV (V NDQQ VHLQ GD HV KLHU IUHPGH (UUHJHU JLEW VR GD ZLU XQVHUHQ/HXWHQ0LWWHOGDJHJHQYHUDEIROJHQPVVHQ'DYRQKDEHQZLUHLQHUHL FKH$XVZDKODQ%RUGHEHQIDOOV5HVWEHVWlQGHGHU6RODUHQ)ORWWH )QI0LQXWHQVSlWHUVFKULWWHQGLH5RERWHUJUDYLWlWLVFKPLWGHQ$SSDUDWXUHQGLH *DQJZD\KLQDEXQGEHJDQQHQPLWLKUHP:HUN6LHZDUHQKXPDQRLGJHEDXWGLH 0HWDOON|USHU PLW :HLFKSODVWLN GHUDUW EHU]RJHQ GD VLH IDVW ZLH 0HQVFKHQ ZLUNWHQ XQG EHZHJWHQ VLFK DXFK VR 1XU LKUH VWDUUHQ 0LHQHQ XQG GLH )XQNDQWHQQHQ DXI LKUHQ KDDUORVHQ .|SIHQ ZLHVHQ VLH DOV 0DVFKLQHQ DXV GDQHEHQWUXJHQVLHHLQJURHVURWHV³5DXIGHU%UXVW ³'D JHKHQ VLH KLQ ZLH 0D[ XQG 0RULW] EHPHUNWH /HH 0DUJLQ EHOXVWLJW XQG GHU.DSLWlQJULQVWHEUHLW ³6LHVHKHQ]ZDUQLFKWJHUDGHZLH/DXVEXEHQDXVDEHUEHLGLHVHQ1DPHQN|QQHQ ZLU LQ =XNXQIW EOHLEHQ VLH VLQG VR JXW ZLH MHGHU DQGHUH 0DUJLH VFKDOWH ([WHUQNDQDO,,,HLQXQGJHKDXI(PSIDQJIUVLHMD" 'DVJDOWGHU)XQNHULQGLHVHNDPGHU2UGHUQDFKDEHU]XQlFKVWEOLHELKU*HUlW VWXPP 'LH 5RERWV QDKPHQ LKUH $XIJDEH JHWUHX LKUHP 3URJUDPP VHKU HUQVW (UGUHLFK XQG 3IODQ]HQWHLOH ZDQGHUWHQ LQ GLH $QDO\VDWRUHQ ZXUGHQ ZLHGHU DXVJHZRUIHQ XQG GXUFK QHXH 3UREHQ YRQ DQGHUHQ 6WHOOHQ HUVHW]W 'DUEHU YHUJLQJ IDVW HLQH 9LHUWHOVWXQGH GDQQ NHKUWHQVLHXPXQGHLQH9RFRGHUVWLPPH NDPDXVGHP)XQNJHUlW ³5RE 0 PHOGHW /XIW PLW 3UR]HQW 6DXHUVWRII LVW IU 0HQVFKHQ JXW DWHPEDU NHLQH VFKlGOLFKHQ %HVWDQGWHLOH ,P %RGHQ XQG DQ GHQ 3IODQ]HQ EHILQGHQ VLFK MHGRFK PLQGHVWHQV VHFKV $UWHQ YRQ %DNWHULHQ GHU .DWHJRULH JHJHQGLHGHUPHQVFKOLFKH.|USHUNHLQH$QWLJHQHEHVLW]W:LUHPSIHKOHQGDKHU YRU9HUODVVHQGHV6FKLIIHVGLH9HUDEIROJXQJGHV0HGLNDPHQWV;%HWDDQ
DOOVHLQH,QVDVVHQ6LU ³+DEHQ ZLU GLHVHV =HXJ EHUKDXSW" HUNXQGLJWH VLFK 7DVKQHU EHLP (UVWHQ 2IIL]LHU GHU DXFK DOV %RUGVDQLWlWHU IQJLHUWH 'LHVHU QDKP HLQH EHUHLWOLHJHQGH /LVWHDXIEHUIORJVLHXQGQLFNWH ³-HGH 0HQJH -RKQ (V KDQGHOW VLFK XP 'UDJHHV GLH HWZD HLQHQ 0RQDW ODQJ ZLUNHQZLUNRPPHQDOVRPLWHLQHU'RVLVYRQIQI6WFNYROODXIDXV6RYLHOLFK ZHL KDW GLHVHV 0LWWHO DEHU JHZLVVH KPPP XQHUIUHXOLFKH 1HEHQZLUNXQJHQ (V EHHLQWUlFKWLJW YRU DOOHP GLH 3RWHQ] GHU 0lQQHU IU OlQJHUH =HLW ZHLO GHU .|USHU ³:HQQ HV ZHLWHU QLFKWV LVW ILHO LKP /HH 0DUJLQ OlFKHOQG LQV :RUW ³'LH PHLVWHQXQVHUHUµG\QDPLVFKHQMXQJHQ/HXWH VLQGRKQHKLQQLFKWYHUKHLUDWHWXQG EHLP=XVDPPHQOHEHQLQGHQ=HOWHQZLUGVLFKVRPDQFKHU]ZLVFKHQPHQVFKOLFKH .RQWDNW HUJHEHQ 6R JHVHKHQ GUIWH GLHVH 1HEHQZLUNXQJ IU VLH VRJDU ZLOONRPPHQVHLQ ³'DYRQDEJHVHKHQ²VLHPVVHQHVMDQLFKWXQEHGLQJWHUIDKUHQEHVFKORGHU .DSLWlQGHQ'LVNXUV³2ND\*LRUJLRKROGDV=HXJKHUYRUXQGWHLOHHVXQWHUGHQ /HXWHQDXV6LHZHUGHQHVOHLGHUDXFKQHKPHQPVVHQZDQGWHHUVLFKDQ/HH XQG,ORQDDEHU0DUJLQZLQNWHJUR]JLJDE ³'DV WDQJLHUW PLFK NDXP LFK KDEH RKQHKLQ QLFKW YRU DQGHUHQ LKUH 0lGFKHQ DXV]XVSDQQHQXQGVFKRQJDUQLFKW 0LUNRPPWHVQXUGDUDXIDQGLHVH6DIDULJXWEHUGLH5XQGHQ]XEULQJHQDOOHV EULJHJHKWPLFKQLFKWVDQ (U QDKP GLH 3LOOHQ GLH LKP GHU (UVWH LQ GLH +DQG VFKWWHWH VSOWH VLH PLW :DVVHU KLQXQWHU XQG ,ORQD IROJWH VHLQHP %HLVSLHO $OOHUGLQJV QLFKW RKQH HLQ KLQWHUJUQGLJHV /lFKHOQ JHSDDUW PLW HLQHP %OLFN DXI GHQ 3LORWHQ HLQHP VWlPPLJHQMXQJHQ0DQQGHUVLHI|UPOLFKPLWGHQ$XJHQYHUVFKODQJ 'DV $XVVFKOHXVHQ GHU 0HQVFKHQ XQG LKUHU $XVUVWXQJ JLQJ ]JLJ YRUDQ 'LH 7RXULVWHQYHUOLHHQGDV6FKLIIEHUGLH*DQJZD\GLH%HVDW]XQJVWHXHUWHDXVGHU )UDFKWOXNH $QWLJUDYSODWWIRUPHQ KHUDXV GLH LKU *HSlFN XQG GLH QRWZHQGLJH $XVUVWXQJWUXJHQ7DVKQHUKDWWHDOV/DJHUSODW]HLQHNOHLQH6HQNHEHVWLPPWGLH ]ZHLKXQGHUW 0HWHU YRQ GHU 6:$//2: HQWIHUQW ZDU 'RUW IOR HLQ VFKPDOHU %DFKYRUEHLXQGYHUEUHLWHUWHVLFK]XHLQHPNOHLQHQ7HLFKVRGDIU:DVVHUXQG HLQHZLOONRPPHQH%DGHJHOHJHQKHLWJHVRUJWZDU 'LH 7RXULVWHQ KDWWHQ VLFK LQ]ZLVFKHQ OlQJVW ZLHGHU EHUXKLJW )U GLH PHLVWHQ ZDU HV GLH HUVWH ([NXUVLRQ DXI HLQH IUHPGH :HOW XQG /HH 0DUJLQ KDWWH PLW %HGDFKW QXU 0lQQHU DOV *UXSSHQOHLWHU EHVWLPPW GLH LQ GLHVHU +LQVLFKW EHUHLWV (UIDKUXQJ EHVDHQ 6LH ZLHVHQ QXQ GLH DQGHUHQ HLQ DOOH JULIIHQ ]X XQG GUHL 6WXQGHQVSlWHUVWDQGHQGLH]Z|OIJHUlXPLJHQ.OLPD]HOWHIHUWLJGD -HGHV ERW 3ODW] IU DFKW 3HUVRQHQ MHZHLOV LQ YLHU VHSDUDWH 5lXPH XQWHUWHLOW ,Q ]HKQYRQLKQHQTXDUWLHUWHQVLFKQXQGLH³$EHQWHXUHUSDDUZHLVHHLQGLHEHLGHQ EULJHQZXUGHQYRQ/HHXQG,ORQDXQGGHU6FKLIIVEHVDW]XQJEH]RJHQ,QLKUHQ IUHLEOHLEHQGHQ 5lXPHQ ZXUGHQ GLH WHFKQLVFKH $XVUVWXQJ XQG GLH /HEHQVPLWWHOYRUUlWH XQWHUJHEUDFKW ,Q GHU 0LWWH GHV ZHLWHQ 5RQGHOOV VWDQG GDV =HOWPLWGHU$XWRPDWNFKHGLHGLH6SHLVHQIUDOOHOLHIHUWH
/HH0DUJLQOLHVHLQHQ6FKW]OLQJHQHLQH6WXQGH=HLWXPVLFKLQLKUHQ=HOWHQ HLQ]XULFKWHQ'DQQEHWlWLJWHHUHLQH6LUHQHGLHVLHLQV)UHLHULHIXQGKLHOWHLQH NXU]H$QVSUDFKH ³:LU KDEHQ GDIU JHVRUJW GD 6LH ]X DEVROXW NRQNXUUHQ]ORVHQ 3UHLVHQ LQ GHQ *HQXGLHVHU$EHQWHXHUUHLVHNDPHQHUNOlUWHHUJURVSXULJ³(VOLHJWXQVIHUQ 6LHLUJHQGZLHEHYRUPXQGHQ]XZROOHQLQUHLQSULYDWHU+LQVLFKWVLQG6LHDEVROXW IUHL XQG XQJHEXQGHQ ,P DOOJHPHLQHQ ,QWHUHVVH XQVHUHU $EHQWHXUHUIDPLOLH MHGRFK ² HU XQWHUEUDFK VLFK XQG PDFKWH HLQH XPIDVVHQGH +DQGEHZHJXQJ ² ³JHKWHVHLQIDFKQLFKWRKQHJHZLVVH*UXQGUHJHOQGLHMHGHUHLQKDOWHQPX'DV VHKHQ6LHGRFKZRKOHLQ" (UVDKVLFKDXIIRUGHUQGLQGHU5XQGHXPHUQWHWHHLQ]XVWLPPHQGHV*HPXUPHO XQG IXKU IRUW ³,KUH *UXSSHQ KDEHQ VLFK QDFK SHUV|QOLFKHQ 6\PSDWKLHQ ]XVDPPHQJHVFKORVVHQDOVRZHUGHQ6LHDXFK]XVDPPHQDJLHUHQ'LHMHZHLOLJHQ *UXSSHQIKUHU KDEHQ LQ GHQ =HOWHQ IU 2UGQXQJ ]X VRUJHQ XQWHU $FKWXQJ GHU ,QWLPVSKlUHQ QDWUOLFK 6LH HUKDOWHQ QRWZHQGLJH $QZHLVXQJHQ YRQ 0U 'LOORQ PLURGHUGHP.DSLWlQMHQDFKLKUHU$UW0RUJHQZHUGHQZLUJUXSSHQZHLVHPLW GHU (UNXQGXQJ GHU 8PJHEXQJ EHJLQQHQ ]X )X RGHU PLW GHQ $JUDY 3ODWWIRUPHQ )U KHXWH LVW HV GD]X VFKRQ ]X VSlW GLH 6RQQH ZLUG EDOG XQWHUJHKHQ0DFKHQ6LHVLFKDOVRQRFKHLQHQJHPWOLFKHQ$EHQGHKHGDVJURH $EHQWHXHUDXIGLHVHPZLOGHQ3ODQHWHQEHJLQQW 6HLQH 5HGH NDP DQ DOOJHPHLQHV .ODWVFKHQ VHW]WH HLQ GRFK GDQQ KRE GHU 5HLVHOHLWHUGLH+DQG ³1RFK HWZDV 6LH ZHUGHQ ZRKO HLQVHKHQ GD ZLU ]XPLQGHVW MHW]W LP $QIDQJ YRUVLFKWLJ VHLQ PVVHQ ZLU NHQQHQ GLHVH :HOW QRFK QLFKW :LU ZHUGHQ DOVR :DFKHQDXIVWHOOHQLFKGHQNHDQGUHL6FKLFKWHQ]XMHYLHU3HUVRQHQGDGLH1DFKW HWZD QHXQ 6WXQGHQ GDXHUW (LQ 7HLO YRQ ,KQHQ KDW HLJHQH -DJGZDIIHQ PLWJHEUDFKW XQG DXV GLHVHP .UHLV VROOHQ VLFK ELWWH )UHLZLOOLJH PHOGHQ 1DFK 0|JOLFKNHLW QDWUOLFK VROFKH GLH QLFKW QXU 0XW VRQGHUQ DXFK VFKRQ (UIDKUXQJHQ EHVLW]HQ 6LH ZHUGHQ HV QLFKW VFKZHU KDEHQ GHQQ GDV /DJHU ZLUG EHOHXFKWHWXQGGDVGUIWHGLH7LHUZHOWIHUQKDOWHQDEHUEHVVHULVWEHVVHU (U EUDXFKWH VLFK QLFKW EHU 0DQJHO DQ =XVSUXFK ]X EHNODJHQ PHKU DOV ]ZHL 'XW]HQG+lQGHJLQJHQVRIRUWKRFK(UULHIGLH%HWUHIIHQGHQ]XVLFKWUDIXQWHU LKQHQ VHLQH $XVZDKO XQG JDE LKQHQ ,QVWUXNWLRQHQ 'LH UHVWOLFKH 9HUVDPPOXQJ O|VWH VLFK DXI ,ORQD QLFNWH GHP %UXGHU ]X XQG EHPHUNWH DQHUNHQQHQG ³*XW JHEUOOW /|ZHQKHU] XQG DXFK GHLQH 2UJDQLVDWLRQ VFKHLQW ]X IXQNWLRQLHUHQ :HQQDOOHVVREOHLEWN|QQHQZLU]XIULHGHQVHLQ ³%HVFKUHLHHVQLFKW0lGFKHQNQXUUWH/HHXQGNORSIWHUDVFKDXIGLH+RO]NLVWH YRQGHUHUHEHQJHVWLHJHQZDU³,UJHQGHWZDVNDQQLPPHUSDVVLHUHQEHVRQGHUV ZHQQHVLP$QIDQJ]XJODWWJHKWGHQQGDQQZHUGHQGLH/HXWHVRUJORVXQGHLQH 3DQQH ]LHKW PLW 6LFKHUKHLW ZHLWHUH QDFK VLFK ,FK ELQ ODQJH JHQXJ LQ GHP *HVFKlIWXQGKDEHGDVRIWJHQXJHUIDKUHQ 'LH EHLGHQ ZHLEOLFKHQ 0LWJOLHGHU GHU 6:$//2:&UHZ EHJDEHQ VLFK LQV .FKHQ]HOW XP IU GDV $EHQGHVVHQ ]X VRUJHQ ,ORQD HQWIHUQWH VLFK XQG VFKOHQGHUWH VFKHLQEDU DEVLFKWVORV DXI GHQ 3LORWHQ ]X /HH 0DUJLQ VDK HV PLW
JHUXQ]HOWHU6WLUQGRFKHUZXUGHDEJHOHQNWGHQQGHU.DSLWlQNDPDXILKQ]XXQG ]RJLKQ]XU6HLWH ³$OOHP$QVFKHLQQDFKKDEHQZLUHVKLHUJDQ]JXWJHWURIIHQ/HHEHPHUNWHHU ³,FKKDEHVFKRQYLHOHIUHPGH:HOWHQJHVHKHQXQGPLFKYRUKLQNXU]PLW'LOORQ EHVSURFKHQ(ULVWZLHLFKGHU0HLQXQJGDKLHUDXI/XUXSQLFKWPLWEHVRQGHUHQ 6FKZLHULJNHLWHQ ]X UHFKQHQ LVW ZHQQ GLH 7RXULVWHQ QXU KDOEZHJV VSXUHQ :LUNOLFK JHIlKUOLFKH 7LHUH VFKHLQW HV QLFKW ]X JHEHQ (LQJHERUHQH HEHQIDOOV QLFKWGDVJURH$EHQWHXHU H[LVWLHUWZRKOQXULQ,KUHQ3URVSHNWHQ 0DUJLQOHJWHGHQ.RSIVFKLHIXQGVDKLKQPLWUDXLVFKDQ ³:HQQ MHPDQG VR JODWWH :RUWH IKUW ZLH 6LH VWHFNW LPPHU HWZDV ZLH HLQ 3IHUGHIX GDKLQWHU -RKQ JDE HU ]XUFN ³6LH EH]ZHFNHQ GDPLW YHUPXWOLFK HWZDV GDV PLU QLFKW VHKU JHIDOOHQ ZLUG GDUDXI N|QQWH LFK ZHWWHQ :DV LVW HV KHUDXVGDPLW ³6LH KDEHQ PLFK GXUFKVFKDXW EHNDQQWH 7DVKQHU OHLFKW YHUOHJHQ GRFK GDQQ OlFKHOWHHU³2ND\UHGHQZLUDOVRRIIHQPLWHLQDQGHUYRQHLQHP*HVFKlIWVPDQQ ]XP DQGHUHQ 'DV /DJHU VWHKW GHU %HWULHE ZLUG VLFK VFKQHOO HLQVSLHOHQ XQG 'LOORQ KDW ,KUH .XQGHQ VFKRQ MHW]W JDQ] JXW LP *ULII :LU YRQ GHU 63$&( 6:$//2:VLQGKLHUDOVRSUDNWLVFKEHUIOVVLJPHLQHQ6LHQLFKWDXFK"1LFKW GDLFKHWZDVJHJHQGUHL:RFKHQ8UODXEKlWWHDEHULFKN|QQWHGLHVH=HLWDXFK YLHOEHVVHUQXW]HQYHUVWHKHQ6LH" /HH0DUJLQQLFNWHODQJVDP ³,FK GHQNH VFKRQ -RKQ (V EHKDJW ,KQHQ QLFKW GLH JDQ]H =HLW WDWHQORV KLHU ]X YHUEULQJHQ ZHLO 6LH PHLQHQ LQ]ZLVFKHQ QRFK DQGHUH )OJH GXUFKIKUHQ ]X N|QQHQEHLGHQHQHV]XVlW]OLFKHWZDV]XYHUGLHQHQJLEW6HKHLFKGDVULFKWLJ" ³+DDUJHQDX /HH EHVWlWLJWH GHU .DSLWlQ ³XQG 6LH KDEHQ GRFK KRIIHQWOLFK QLFKWVGDJHJHQ"6FKOLHOLFKZHLLFKGDGLHVHV8QWHUQHKPHQQLFKWJDQ]OHJDO LVWDEHULFKNDQQVFKZHLJHQXQGHLQH+DQGZlVFKWEHNDQQWOLFKGLHDQGHUH ³0LW GHP (UIROJ GD KLQWHUKHU EHLGH VFKPXW]LJ VLQG ILHO LKP /HH KDUW LQV :RUW³:DV6LHKLHUYHUVXFKHQLVWQLFKWVZHLWHUDOVHLQHKDQGIHVWH(USUHVVXQJ XQG HLQH DXVJHVSURFKHQ GXPPH REHQGUHLQ :LU KDEHQ GLHVH 5HLVH DOV HLQHQ )OXJ LQV %ODXH RKQH IHVWHV =LHO GHNODULHUW XQG GLH %HK|UGHQ KDEHQ GDV JODWW JHVFKOXFNW :HQQ 6LH PLW ,KUHP 6FKLII QXQ DEHU YRU $EODXI GHU GUHL :RFKHQ SO|W]OLFKZLHGHUDXIGHU%LOGIOlFKHHUVFKHLQHQZHUGHQVLHZLVVHQZROOHQZRGLH 7RXULVWHQYRQ$'9(172856JHEOLHEHQVLQG0DQZLUG,KQHQUHFKWSHLQOLFKH )UDJHQ VWHOOHQ XQG GDQDFK ,KUHQ )OXJVFKUHLEHU NRQWUROOLHUHQ 0DQQ LVW ,KQHQ ZLUNOLFKQLFKWNODUZDVGDEHLDP(QGHKHUDXVNRPPHQPX"/XUXS,,OLHJWLP 1LHPDQGVODQG ]ZLVFKHQ GHP 6RODUHQ ,PSHULXP XQG 'DEULID GLH .RRUGLQDWHQ KDEHQZLUXQVDXILOOHJDOH:HLVHEHVFKDIIW8QGGD6LHGDVZLVVHQXQGWURW]GHP GHQ)OXJGXUFKJHIKUWKDEHQZLUGPDQ6LHHEHQVRGUDQNULHJHQZLHPLFKGDQQ VLQGZLUEHLGHIUDOOH=HLWHQHUOHGLJW -RKQ 7DVKQHU ILHO I|UPOLFK LQ VLFK ]XVDPPHQ VHLQ *HVLFKW ZXUGH JUDX (U EHJDQQ]XVFKOXFNHQXQGKREGDQQKLOIORVEHLGH+lQGH ³7XWPLUOHLG/HHVRZHLWKDEHLFKZLUNOLFKQLFKWJHGDFKW1DWUOLFKKDEHQ6LH UHFKW GDV VHKH LFK MHW]W HLQ HLQ VROFKHV 5LVLNR N|QQHQ ZLU QLFKW HLQJHKHQ (V
ZDUHLQXQWDXJOLFKHU9HUVXFKZROOHQZLULKQEHLGHYHUJHVVHQ" ³2ND\LFKVHKHGDUEHUKLQZHJNQXUUWH0DUJLQ³7XQZLUDOVRDOVREQLFKWV JHZHVHQ ZlUH 'LH 6:$//2: EOHLEW KLHU ZLU YHUVXFKHQ JHPHLQVDP GDV 8QWHUQHKPHQ JXW KLQWHU XQV ]X EULQJHQ :HQQ XQV GDV JHOLQJW N|QQHQ ZLU GDQDFK ODXIHQG ([NXUVLRQHQ GLHVHU $UW GXUFKIKUHQ XQG GDEHL YHUGLHQHQ ZLU EHLGHJHQXJ 9LHU$QWLJUDYSODWWHQHQWIHUQWHQVLFKYRP/DJHUXQGWULHEHQLQODQJVDPHP)OXJ EHU GDV 3ODWHDX GDKLQ $XI MHGHU EHIDQGHQ VLFK ]HKQ 7RXULVWHQ DXI GHU YRUGHUVWHQ ]XVlW]OLFK ,ORQD XQG /HH 0DUJLQ VLH ZXUGH YRQ 7DVKQHU JHVWHXHUW GLH DQGHUHQ YRQ /HXWHQ VHLQHU &UHZ *OHLFK]HLWLJ ZDU GHU 5HLVHOHLWHU PLW ]ZDQ]LJ ZHLWHUHQ $EHQWHXUHUQ LQ HQWJHJHQJHVHW]WHU 5LFKWXQJ ]X )X DXIJHEURFKHQ 'DV :HWWHU ZDU VFK|Q JHEOLHEHQ DEHU /HH NRQQWH VLFK QLFKW UHFKW GDUEHU IUHXHQ6HLQH/DXQHZDUVFKOHFKWXQGGDUDQZDUVHLQH6FKZHVWHUVFKXOG (U ZDU DP YHUJDQJHQHQ $EHQG ODQJH DXIJHEOLHEHQ XQG KDWWH PLW 'LOORQ GLH (LQ]HOKHLWHQ GHU ([NXUVLRQ EHVSURFKHQ ZDU GDQQ PLW GHQ :DFKHQ HLQ SDDU 5XQGHQJHJDQJHQELVHUEHU]HXJWVHLQNRQQWHGDDOOHVUXKLJEOLHE(UVWJHJHQ 0LWWHUQDFKWZDUHULQVHLQ=HOWJHJDQJHQGRFK,ORQDZDUQLFKWGDULQJHZHVHQ 6LH WDXFKWH HUVW ]ZHL 6WXQGHQ VSlWHU DXI PLW GHP ]XIULHGHQHQ *HVLFKW HLQHU VDWWHQ .DW]H XQG HV ZDU XQVFKZHU ]X HUUDWHQ ZHVKDOE /HH KDWWH VLH HUPDKQW VLFKQLFKWVRJHKHQ]XODVVHQDEHUQXUVFKQLSSLVFKH$QWZRUWHQHUKDOWHQXQGVLFK DXVJLHELJJHlUJHUW %LV GDKLQ KDWWH GLH 6FKZHVWHU NDXP ,QWHUHVVH IU 0lQQHU JH]HLJW GRFK QXQ VFKLHQ VLH VFKOHXQLJVW DOOHV QDFKKROHQ ]X ZROOHQ )U VLH VFKLHQ GHU %HJULII ³$EHQWHXHUHLQHDQGHUH%HGHXWXQJ]XKDEHQXQGVLHZDURIIHQEDUJHZLOOWGLHV ULFKWLJDXV]XNRVWHQ1LFKWGD/HHLKUGDVJUXQGVlW]OLFKPLJ|QQWKlWWHHUZDU VHOEVWQLHHLQ$VNHWJHZHVHQGRFKHVOHQNWHVLH]XVHKUYRQLKUHQ$XIJDEHQDE $OVVHLQH3DUWQHULQZlUHHVLKUH3IOLFKWJHZHVHQLKQEHLGHU)KUXQJGHU6DIDUL ]XXQWHUVWW]HQGRFKVLHKDWWHELVKHUQLFKWVGHUJOHLFKHQDXFKQXUYHUVXFKW -HW]W VD VLH ZLH GLH SHUVRQLIL]LHUWH 8QVFKXOG QHEHQ LKP GDV ODQJH +DDU ]X HLQHP3IHUGHVFKZDQ]JHUDIIWXQGLJQRULHUWHLKQ0DUJLQEHVFKOREHLQlFKVWHU *HOHJHQKHLW GHP 3LORWHQ GHU 6:$//2: HLQLJH SDVVHQGH :RUWH ]X VDJHQ VFKREGDV3UREOHPGDQQYRUOlXILJEHLVHLWHXQGZLGPHWHVHLQH$XIPHUNVDPNHLW GHP*HOlQGHEHUGDVGLH3ODWWIRUPKLQZHJ]RJ (V XQWHUVFKLHG VLFK QLFKW ZHVHQWOLFK YRQ GHU 8PJHEXQJ GHV /DJHUV DEHU LQ 5LFKWXQJ GHU %HUJH QDKP GHU %DXPEHVWDQG ODQJVDP ]X LKUH QLHGULJHUHQ .XSSHQ ZDUHQ JDQ] GDYRQ EHGHFNW $XI GHQ IUHLHQ PLW SSLJHP *UQ EHUZXFKHUWHQ )OlFKHQ ZDUHQ GHXWOLFK GLH VFKPDOHQ 3IDGH YRQ :LOGZHFKVHOQ ]XVHKHQXQG]XZHLOHQDXFKlVHQGH5XGHOKLUVFKXQGDQWLORSHQlKQOLFKHU7LHUH 6LH EHPHUNWHQ GLH LQ HWZD ]ZHLKXQGHUW 0HWHU +|KH IDVW JHUlXVFKORV KLQVFKZHEHQGHQ3ODWWIRUPHQQLFKWXQGQDFKHLQHU:HLOHEHPHUNWHGHU.DSLWlQ ]XIULHGHQ
³6LH VLQG EHUKDXSW QLFKW VFKHX QLUJHQGV VLQG µ:lFKWHU ]X VHKHQ GLH QDFK 5DXEWLHUHQDXVVFKDXHQ'DVOlWGDUDXIVFKOLHHQGDVLHKLHUNDXPQDWUOLFKH )HLQGHKDEHQXQGGDVLVWDXFKJXWIUXQV'LH7RXULVWHQN|QQHQDXIGLH-DJG JHKHQRKQHEHVRQGHUH9RUVLFKWZDOWHQ]XODVVHQXQGVRZLUGXQVHU6SHLVH]HWWHO HLQHZLOONRPPHQH(UJlQ]XQJHUIDKUHQ ³:HVKDOE IDQJHQ ZLU QLFKW JOHLFK GDPLW DQ" HUNXQGLJWH VLFK HLQHU GHU $EHQWHXUHU HLIULJ XQG KRE VHLQH :DIIH ³(LQ NQXVSULJHU %UDWHQ IULVFK YRP /DJHUIHXHUGDYRQKDEHLFKVFKRQLPPHUJHWUlXPW ³1LFKW YRU PRUJHQ ZHKUWH -RKQ 7DVKQHU DE ³'LHV LVW QXU HLQ HUVWHU (UNXQGXQJVIOXJXQGZLUKDEHQOlQJVWQRFKQLFKWDOOHVJHVHKHQ:LUlQGHUQMHW]W GHQ .XUV XQG IOLHJHQ LQ GDV 7DO HLQ GDV GUEHQ ]ZLVFKHQ GHQ HUVWHQ %HUJHQ OLHJWGRUWNDQQDOOHVDQGHUVVHLQ (UYHUVWlQGLJWHGLHDQGHUHQ)DKU]HXJHEHU)XQNVLHVFKZHQNWHQQDFK:HVWHQ DEXQGHUUHLFKWHQHWZDHLQHQ.LORPHWHUZHLWHUGDV(QGHGHV+RFKSODWHDXV'RUW ILHO GDV *HOlQGH VWHLO XPIDVWIQIKXQGHUW0HWHUDEGLH)HOVHQODJHQWHLOZHLVH IUHLGXUFKHLQH/FNHVWU]WHGHUYRP/DJHUNRPPHQGH%DFKLQGLH7LHIHXQG ELOGHWHHLQHQLP/LFKWGHU6RQQHSUlFKWLJIXQNHOQGHQ:DVVHUIDOO(WZDVZHLWHU HUKLHOW HU =XIOX YRQ HLQHP ]ZHLWHQ *HZlVVHU GDV JHPHLQVDPH %HWW HUUHLFKWH HLQH%UHLWHYRQHWZDIQI]HKQ0HWHUXQGVFKOlQJHOWHVLFKPLWWHQGXUFKGDVKLHU EHJLQQHQGH7DO 'LHVHVZDUXQJHIlKU]ZHL.LORPHWHUEUHLWXQGYHUMQJWHVLFKQXUDOOPlKOLFK]X GHQ QlFKVWHQ QLHGULJHQ %HUJHQ KLQ (V ZDU UHODWLY HEHQ ZHLWH *UDVIOlFKHQ ZHFKVHOWHQVLFKPLWNOHLQHQ:lOGHUQDEGRFKKLHUZDUHQGLH%lXPHK|KHUXQG JOLFKHQ HQWIHUQW LUGLVFKHQ 7DQQHQ ,ORQD 0DUJLQ VWLH HLQHQ OHLVHQ 6HXI]HU DXV XQG EHPHUNWH VFKZlUPHULVFK ³:LUNOLFK VFKDGH GD GLHVHU 3ODQHW VR ZHLW GUDXHQ LP 1LHPDQGVODQG OLHJW 'LHV DOOHV ZLUNW VR LG\OOLVFK KLHU N|QQWH PDQ %XQJDORZV EDXHQ XQG HLQH HQW]FNHQGH 6LHGOXQJ HUULFKWHQ .HLQH VW|UHQGH 7HFKQLNZHLWXQGEUHLWHLQ/HEHQZLHLP3DUDGLHV ³,VW EHL GLU SO|W]OLFK GLH VSULFKZ|UWOLFKH URPDQWLVFKH $GHU JHSODW]W" NDP HV YHUZXQGHUWYRQ/HH³9RQGLHVHU6HLWHNHQQHLFKGLFKQXQZLUNOLFKQRFKQLFKW ELV MHW]W JLQJ GLU GLH .\EHUQHWLN GRFK VWHWV EHU DOOHV $FK MD QXQ KDEH LFK V EHJULIIHQ'XDOVGLH(YDLQGLHVHP*DUWHQ(GHQXQGHLQJHZLVVHUMXQJHU0DQQ DOVGHLQ$GDPQLFKWZDKU" ³8QG GX DOV GLH 6FKODQJH ZDV VRQVW IDXFKWH ,ORQD GHQ %UXGHU DQ GRFK QXQ JULII-RKQ7DVKQHUHLQ ³5HJW HXFK QLFKW XQQW] DXI DXV GLHVHP ,G\OO NDQQ MD RKQHKLQ QLFKWV ZHUGHQ :LUNHKUHQMHW]WXPGDV7DOVFKHLGHWDOV-DJGJHELHWDXVZHLOHV]X)XNDXP]X HUUHLFKHQ LVW 2EHQ DXI GHP 3ODWHDX JLEW HV PHKU :LOG DOV XQVHUH /HXWH LQ HLQHPKDOEHQ-DKUHUOHJHQN|QQHQVLHZHUGHQDOVRDXFKVRYROODXILKUH.RVWHQ NRPPHQ 'DVVHOEH VDJWH DXFK $UW 'LOORQ GHU PLW VHLQHU *UXSSH ]ZDQ]LJ 0LQXWHQ QDFK GHU/DQGXQJGHU3ODWWIRUPHQLP/DJHUHLQWUDI ³'LH)OXFKWGLVWDQ]GHUKLHVLJHQ7LHUHLVWVHKUJHULQJZHQQPDQVLFKKDOEZHJV JHUlXVFKORV EHZHJW XQG GHU :LQG JQVWLJ VWHKW VLQG HV QLFKW PHKU DOV GUHLLJ
0HWHU'RFKDXFKGDQQEHZHJHQVLHVLFKLPPHUQRFKUHFKWJHPlFKOLFKVRGD DXFKGLH.lOEHUJXWPLWNRPPHQN|QQHQ6LHVFKHXHQPHKUYRUXQVHUHUIUHPGHQ :LWWHUXQJ ]XUFN HLQ VLFKHUHV =HLFKHQ GDIU GD VLH KLHU NHLQH ZLUNOLFKHQ )HLQGH KDEHQ (LJHQWOLFK VFKDGH GHQQ PDQ NDQQ VLH OHLFKW HUOHJHQ YRQ HLQHP HFKWHQ$EHQWHXHUNDQQXQWHUVROFKHQ8PVWlQGHQNDXPGLH5HGHVHLQ'RFKGDV PVVHQZLUGHQ7RXULVWHQMDQLFKWJHUDGHDXIGLH1DVHELQGHQQLFKWZDKU" /HH0DUJLQQLFNWH ³'DVZlUH*HVFKlIWVVFKlGLJXQJXQGZLUDOOHOHJHQVFKOLHOLFK:HUWGDUDXIXQV XQVHUHQ9HUGLHQVW]XHUKDOWHQ'HVKDOEVFKODJHLFKYRUXQEHPHUNWHLQLJH)OJH LQ QLHGULJHU +|KH GXUFK]XIKUHQ GLH GDV :LOG HUVFKUHFNHQ XQG VHLQH )OXFKWGLVWDQ] YHUJU|HUQ 8QG EHL GHQ )XVDIDULV ZLUG GDQQ HEHQ HWZDV PHKU .UDFK JHPDFKW DOV Q|WLJ GLH MHZHLOLJHQ )KUHU PVVHQ HQWVSUHFKHQG LQVWUXLHUW ZHUGHQ -H VFKZHUHU ZLU HV XQVHUHQ .XQGHQ PDFKHQ XP VR JU|HU EOHLEW GLH ,OOXVLRQ GHV $EHQWHXHUV GDV VLH VXFKHQ XQG GDV ZLU LKQHQ JUR YHUVSURFKHQ KDEHQ 8QG 9HUVSUHFKHQ VROO PDQ MD EHNDQQWOLFK KDOWHQ VRIHUQ HV RSSRUWXQ LVW XQGVLFKJDUQLFKWPHKUYHUPHLGHQOlW 'LHGUHL0lQQHUQLFNWHQVLFKPLWHLQHP$XJXUHQOlFKHOQ]XQXU,ORQDGLHDQGHU %HVSUHFKXQJWHLOQDKPYHU]RJGDV*HVLFKW'RFKVLHVFKZLHJGHQQVLHSDUWL]L SLHUWHEHLGLHVHPWUEHQ*HVFKlIW $P 1DFKPLWWDJ IKUWH 'LOORQ GHQ 5HVW GHU 7RXULVWHQ LQV *HOlQGH XQG ULFKWHWH VLFKQDFKGLHVHU$EVSUDFKH*OHLFK]HLWLJZDUHQXQDXIIlOOLJXQGDXHU6LFKWZHLWH DXFKGLH3ODWWIRUPHQXQWHUZHJVVWULFKHQQLHGULJGDKLQXQGMDJWHQGLH+HUGHQLQ GLH )OXFKW 'LH 7LHUH EHJULIIHQ VFKQHOO GD LKQHQ *HIDKU GURKWH VLH ZXUGHQ VFKHXXQGVSLHOWHQGDPLWGHQ$QIKUHUQJHQDXLQGLH+lQGH $P $EHQG YHUNQGHWH /HH 0DUJLQ GHQ 7RXULVWHQ GD DP QlFKVWHQ 7DJ GLH HUVWHQ -DJGNRPPDQGRV DXVJHVFKLFNW ZUGHQ XQG HU HUQWHWH GDIU VWUPLVFKHQ $SSODXV 'LHPHLVWHQ³G\QDPLVFKHQMXQJHQ/HXWHZDUHQ]XPHUVWHQPDODXIHLQHUQLFKW ]LYLOLVLHUWHQ :HOW XQG NDQQWHQ QXU GLH VRUJIlOWLJ JHSODQWHQ .XOWXUODQGVFKDIWHQ YRQ7HUUDRGHUDQGHUVZR)UVLHZDUGLHIUHLZDFKVHQGH9HJHWDWLRQEHUHLWVHLQH :LOGQLV LQ GHU VLH DXI 6FKULWW XQG 7ULWW LUJHQGZHOFKH *HIDKUHQ ZLWWHUWHQ 'D /XUXS ,, JHUDGH]X HLQH IULHGOLFKH 2DVH ZDU NDP LKQHQ QLFKW LQ GHQ 6LQQ VLH IXKUHQ VFKRQ ]XVDPPHQ ZHQQ QDFK (LQEUXFK GHU 'XQNHOKHLW GLH 1DFKWY|JHO LKUH VFKULOOHQ RGHU GXPSIHQ 5XIH HUW|QHQ OLHHQ 8P VR EHJLHULJHU ZDUHQ VLH QXQGDUDXILKUHQ0XWXQWHU%HZHLVVWHOOHQ³ZLOGH7LHUHVFKLHHQXQGVLFKPLW LKUHQ7URSKlHQIRWRJUDILHUHQODVVHQ]XN|QQHQ 1DWUOLFKZROOWHQVLHQXQDOOHVRIRUWPLWGDEHLVHLQGRFKLKU(LIHUHUKLHOWHLQHQ 'lPSIHU 'LOORQ ZlKOWH QXU ]ZHL *UXSSHQ DXV DOOH DQGHUHQ ZXUGHQ DXI GLH QlFKVWHQ 7DJH YHUWU|VWHW $QGHUV JLQJ HV DEHU QLFKW GHQQ DXHU LKP NDP QXU QRFK GHU (UVWH 2IIL]LHU GHU 6:$//2: DOV -DJGIKUHU LQ )UDJH )U GDV *URV ZXUGH HLQH $UW YRQ %HVFKlIWLJXQJVWKHUDSLH JHSODQW VRIHUQ GLH 3DDUH HV QLFKW YRU]RJHQLP7HLFK]XEDGHQRGHUVLFKLQGLH6RQQH]XOHJHQ ,QGHUIROJHQGHQ1DFKWJDEHVGHQHUVWHQ=ZLVFKHQIDOO 'LH3RVWHQJLQJHQJHPlFKOLFKLKUH5XQGHQ/HH0DUJLQVWDQGQRFKPLW7DVKQHU
XQG 'LOORQ ]XVDPPHQ (U SODQWH EHUHLWV DP QlFKVWHQ $EHQG GLH EHDEVLFKWLJWH -DJGSDUW\ ]X JHEHQ EHL GHU GLH HUVWHQ ³HUIROJUHLFKHQ -lJHU JHIHLHUW ZHUGHQ VROOWHQXQGEHVSUDFKPLWGHQEHLGHQ0lQQHUQGLH(LQ]HOKHLWHQ 3O|W]OLFKHUVFKROOMHGRFKHLQODXWHU6FKUHLJOHLFKGDUDXIZXUGHHLQ6WUDKOVFKX DEJHIHXHUW6LHIXKUHQDODUPLHUW]XVDPPHQKHW]WHQDXVGHP/DJHUXQGDXIGLH EHWUHIIHQGH 6WHOOH ]X XQG $UW 'LOORQ GHU DOV HLQ]LJHUHLQH :DIIH WUXJ PDFKWH GLHVHIHXHUEHUHLW :DVPRFKWHGDQXUJHVFKHKHQVHLQ" 'RQDOG +RIPDQ JLQJ PLW VHLQHU *HIlKUWLQ %DUELH 3DQNDOO VFKRQ VHLW HLQHU 6WXQGH XP GDV ]ZHLKXQGHUW 0HWHU GXUFKPHVVHQGH 5XQG GHU =HOWH XQG VHLQH DQIlQJOLFKH$XIPHUNVDPNHLWKDWWHQDFKJHODVVHQ$OOHVZDUUXKLJHUKLHOW]ZDU VHLQH 6WUDKOSLVWROH LQ GHU +DQG GRFK GLH ODXH 1DFKW OLH VHLQH *HGDQNHQ DEVFKZHLIHQ (U GDFKWH DQ GLH 6WXQGHQ QDFK GHU $EO|VXQJ PDFKWH IOVWHUQG JHZLVVH$QGHXWXQJHQXQG%DUELHQDKPVLHOHLVHNLFKHUQG]XU.HQQWQLV 'DQQDEHUODJ'RQDOGHLQJURHU6WHLQLP:HJHUKREGHQ)XXQGYHUVXFKWH LKQZHJ]XNLFNHQ 'DV JHODQJ LKP MHGRFK QLFKW GHU YHUPHLQWOLFKH 6WHLQ HUZDFKWH SO|W]OLFK ]XP /HEHQ(UYHUORUVHLQHNRPSDNWH)RUPGHKQWHVLFKLQGLH/lQJHXQGVSUDQJGLH %HLQHGHVMXQJHQ0DQQHVDQ ,P+DOEOLFKWGHU6FKHLQZHUIHUZDUQXQHLQUXQGHU.RSIPLWHLQHPEUHLWHQ0DXO YROO VSLW]HU =lKQH ]X VHKHQ HLQ KDOEHV 'XW]HQG YRQ NUDOOHQEHZHKUWHQ ([WUHPLWlWHQIROJWHQQDFK'DVXQEHNDQQWH7LHUVFKQHOOWHKRFKXQGVFKOXJVHLQH =lKQHXQG.UDOOHQLQGLH%HLQH'RQDOG+RIPDQV 6LHGXUFKVFKOXJHQVHLQHZHLFKHQ+DOEVWLHIHOXQGGUDQJHQLQVHLQH:DGHQXQG GDVWDWHNOLJZHK'RQDOGVFKULHYRU6FKPHU]HQDXIGHU6FKUHFNIXKUGXUFKDOO VHLQH *OLHGHU XQG EHLGHV EUDFKWH LKQ DXV GHP *OHLFKJHZLFKW (U VWU]WH UFNOLQJV]X%RGHQGDEHLEHUKUWHQVHLQH)LQJHUGHQ$XVO|VHUGHU3LVWROHXQG GLH:DIIHHQWOXGVLFK 'DVZDU]ZDUQLFKWEHDEVLFKWLJWJHZHVHQXQG]XP*OFNVFKRGHU)HXHUVWUDKO KDDUVFKDUI DQ %DUELH 3DQNDOO YRUEHL LQV /HHUH MHQVHLWV GHU =HOWH 'DV JUHOOH /HXFKWHQHUVFKUHFNWHQXQZLHGHUXPGDV7LHUHVOLHYRQ'RQDOGDEXQGEHHLOWH VLFKLQVVFKW]HQGH'XQNHO]XHQWNRPPHQ $OV 0DUJLQ XQG VHLQH %HJOHLWHU YHUVW|UW DP 2UW GLHVHV *HVFKHKHQV HUVFKLHQHQ ZDUYRQLKPQLFKWVPHKU]XVHKHQ+RIPDQODJDXIGHP5FNHQXPNODPPHUWH VHLQH %HLQH PLW EHLGHQ +lQGHQ XQG VW|KQWH OHLVH YRU VLFK KLQ 6HLQH )UHXQGLQ ZDU JHVFKRFNW NDXHUWH WRWHQEOHLFK QHEHQ LKP XQG IDQG HUVW QDFK HLQHU JDQ]HQ :HLOH GLH 6SUDFKH ZLHGHU 'DQQ HUNOlUWH VLH VWRFNHQG GHQ +HUJDQJ GLH GUHL 0lQQHUDWPHWHQDXIXQGGHU.DSLWlQDNWLYLHUWHVHLQ$UPEDQGIXQNJHUlW :HQLJH 0LQXWHQ GDQDFK ZDUHQ 0D[ XQG 0RULW] ]XU 6WHOOH OHJWHQ 'RQDOGV :DGHQIUHLXQGIXKUHQLKUH6HQVRUHQDXV'DQQ]LVFKWHHLQH+RFKGUXFNVSULW]H GHUMXQJH0DQQYHUORUGDV%HZXWVHLQXQG0D[KRELKQEHKXWVDPDXI ³,KPLVWQLFKWV(UQVWOLFKHVJHVFKHKHQHUNOlUWH0RULW]UXKLJ³GLH:XQGHQVLQG ZRKOVFKPHU]KDIWDEHUQLFKWVHKUWLHIXQGHVVLQGNHLQH6SXUHQLUJHQGZHOFKHU *LIWH]XILQGHQ'LH*HIDKUHLQHU,QIHNWLRQLVWMHGRFKQLFKWDXV]XVFKOLHHQLFK
KDEHGHP3DWLHQWHQGHVKDOEYRUVRUJOLFKHLQ7HWDQXVVHUXPYHUDEUHLFKW'DQHEHQ DXFK HLQ VWDUNHV 6HGDWLYXP HU ZLUG QXQ HWZD ]HKQ 6WXQGHQ VFKODIHQ GDQDFK DEHUVHLQHQ6FKRFNYROOEHUZXQGHQKDEHQ(UODXEHQ6LHGDZLULKQLQV6FKLII EULQJHQ 6LU" 'RUW N|QQHQ ZLU GLH 9HUOHW]XQJHQ PLW +HLOSODVPD EHKDQGHOQ VR GDNHLQH6SXUHQGDYRQ]XUFNEOHLEHQ 'LH)UDJHJDOWGHP.DSLWlQGHU63$&(6:$//2:HUVWLPPWHQXU]XJHUQ]X XQGGLH5RERWVHLOWHQPLWGHP2SIHUGDYRQ/HH0DUJLQIDWHGLHMXQJH)UDXDP $UPXQGJHOHLWHWHVLHLQV/DJHU]XUFN 'RUWZDUGHU9RUIDOOQLFKWXQEHPHUNWJHEOLHEHQHLQH$Q]DKOGHU³$EHQWHXUHU VWDQGYRUGHQ=HOWHQGLHYRUKDQGHQHQ-DJGZDIIHQJULIIEHUHLW$UW'LOORQEHHLOWH VLFK VLH ]X EHUXKLJHQ EHVWLPPWH 3RVWHQ GLH IU GDV DXVJHIDOOHQH 3DDU HLQVSUDQJHQXQGJDELKQHQ$QZHLVXQJHQIUGHQ)DOOGDZHLWHUH³6WHLQHDXI GHP:HJLKUHU5XQGHXPGDV/DJHUHUVFKLHQHQ 'DQQNHKUWHZLHGHU5XKHHLQGLH7RXULVWHQYHUVFKZDQGHQLQLKUHQ=HOWHQGHU 5HLVHOHLWHUJULQVWHOHLFKWXQGQLFNWH/HH0DUJLQ]X ³'LH6DFKHLVWHLQHUVHLWVEHGDXHUOLFKGHQQRIIHQEDUJLEWHVKLHUDXFK7LHUHGLH QLFKW JDQ] KDUPORV VLQG $QGHUHUVHLWV LVW HV JXW GD ZLU EHL]HLWHQ DXI VLH DXIPHUNVDP JHZRUGHQ VLQG XQVHUH 6FKlIFKHQ ZHUGHQ VLFK QXQ KWHQ PLW GLHVHQDQJHEOLFKHQ6WHLQHQ)XEDOOVSLHOHQ]XZROOHQ 'HU&KHIGHU$'9(172856OlFKHOWHVIILVDQW ³$OOHV KDW EHNDQQWOLFK ]ZHL 6HLWHQ $UW XQG PHLQHU 0HLQXQJ QDFK EHUZLHJW KLHU GLH SRVLWLYH YRQ XQVHUHP 6WDQGSXQNW DXV JHVHKHQ 'HU MXQJH 0DQQ ZLUG KHXWH DEHQG ZLHGHU DXI GHQ %HLQHQ VHLQ XQG VHLQH 3DUWQHULQ ZLUG LKQ PLW GRSSHOWHU /LHEH WU|VWHQ 'DV *URV XQVHUHU .XQGHQ GDJHJHQ ZLUG GDGXUFK YHUDQODW/XUXS,,QLFKWZHLWHUDXIGLHOHLFKWH6FKXOWHU]XQHKPHQZDVZROOHQ ZLUPHKU" (UZXUGHDXFKLQDQGHUHU+LQVLFKW]XIULHGHQJHVWHOOWGHQQLQGLHVHU1DFKWQHLJWH ,ORQD QLFKW ]X ([WUDWRXUHQ $OV HU VHLQ =HOW DXIVXFKWH VFKOLHI VLH EHUHLWV (U IROJWHLKUHP%HLVSLHOXQGDKQWHQLFKWVYRQGHP9HUKlQJQLVGDVEDOGEHUDOOH KHUHLQEUHFKHQVROOWH $P QlFKVWHQ 0RUJHQ UL GLH 6LUHQH GDV /DJHU DXV GHP 6FKODI GDV )UKVWFN ZXUGHDQGHU.FKHLQ(PSIDQJJHQRPPHQ(VZDUUHODWLYIUXJDOREZRKOGLH 63$&( 6:$//2: UHLFKOLFK EHPHVVHQH 9RUUlWH IU HLQ YROOHV -DKU DQ %RUG KDWWHZLHHVGHQ9RUVFKULIWHQIU)OJHRKQHHLQIHVWHV=LHOHQWVSUDFK-HPHKU GDYRQDP(QGHEULJEOLHEXPVRK|KHUZDUGHU3URILWVRZRKOIU/HHZLHDXFK IU7DVKQHUXQGGDUDXINDPHVEHLGHQLQHUVWHU/LQLHDQ 'DQQ EUDFKHQ GLH EHLGHQ -DJGJUXSSHQ DXI VLH ZXUGHQ YRQ ]ZHL 3ODWWIRUPHQ IRUWJHEUDFKW XQG LUJHQGZR LP *HOlQGH DEJHVHW]W 1LFKW DOOH 0LWJOLHGHU ZDUHQ EHZDIIQHW GLH PHLVWHQ MXQJHQ )UDXHQ EHJQJWHQ VLFK GDPLW )RWRV ]X PDFKHQ 'HQSRWHQWLHOOHQ6FKW]HQKDWWH'LOORQHLQJHVFKlUIWQXUPLWPLQLPDOHU(QHUJLH ]X IHXHUQ XQG P|JOLFKVW DXI GHQ +DOV GHU 7LHUH ]X ]LHOHQ 'DQQ ZXUGH GDV HEDUH )OHLVFK QLFKW YHUNRKOW XQG GHU .RSI EOLHE DOV 7URSKlH XQG (ULQQHUXQJVVWFNHUKDOWHQ
'LH 7UXSSV WUHQQWHQ VLFK XQG PDFKWHQ VLFK LQ JHJHQVlW]OLFKHQ 5LFKWXQJHQ DXI GHQ :HJ YRUVLFKWLJ XQG VR JHUlXVFKORV ZLH P|JOLFK 1DWUOLFK KDWWHQ GLH ODQGHQGHQ 3ODWWIRUPHQ GDV :LOG LQ GHU 1lKH YHUJUlPW LKQHQ VWDQG DOVR HLQ OlQJHUHU0DUVFKEHYRU ,QGHVVHQJLQJLP/DJHUGDV/HEHQZHLWHUVHLQHQ*DQJ'LHVHU7DJZDUZlUPHU DOV GLH YRUKHUJHKHQGHQ XQG VR ILHOHQ GLH JHSODQWHQ %HVFKlIWLJXQJVSURJUDPPH EXFKVWlEOLFKLQV:DVVHU'HU7HLFKZXUGHJHUDGH]XEHUODXIHQVHLQ:DVVHUZDU NODUXQGVDXEHUDEHUPDQHQWGHFNWHEDOGGDHVGDULQDXFK)LVFKHJDE'LHVH MDJWHQ GHQ %DGHQGHQ ]XQlFKVW HLQHQ 6FKUHFNHLQGRFK7DVKQHUHUNOlUWHLKQHQ GDGLHVH7LHUHKDUPORVZDUHQ'DUDXIKLQEHJDQQHQVLHHLIULJPLWGHP9HUVXFK PLWGHQ+lQGHQ)LVFKH]XIDQJHQQDWXUJHPlJHODQJLKQHQGDVVRJXWZLHQLH GRFKVLHKDWWHQLKUHQ6SDGDEHL /HH 0DUJLQ KDWWH NHLQH =HLW GDIU HU PDFKWH VLFK GDUDQ GLH -DJGSDUW\ ]X RUJDQLVLHUHQ 'HU .DSLWlQ EHUOLH LKP HLQH NOHLQH $JUDYSODWWIRUP XQG GLH )XQNHULQ EUDFKWH LKQ GDPLW LQV 6FKLII 'RUW VXFKWH /HH ]XQlFKVW GDV NOHLQH 0HGRFHQWHUDXIXPVLFKQDFKGHP%HILQGHQ'RQDOG+RIPDQV]XHUNXQGLJHQ ³'HU 3DWLHQW LVW ZRKODXI 6LU EHULFKWHWH 0D[ PLW HLQHP $QIOXJ YRQ 6WRO] LQ VHLQHU9RFRGHUVWLPPH³'DV6HGDWLYXPKDWJHZLUNWHULVWVFKRQZLHGHUVRZHLW GD HU EHU VHLQ 0LJHVFKLFN ODFKHQ NDQQ$XFKVHLQH:XQGHQYHUKHLOHQVHKU UDVFK .RPSOLNDWLRQHQ VLQG QLFKW ]X EHIUFKWHQ (U NDQQ YLHOOHLFKW VFKRQ DP 0LWWDJLQV/DJHU]XUFNNHKUHQQXUPXHUVLFKQRFKHLQHQ7DJODQJVFKRQHQ ³2ND\GDQQQHKPHLFKLKQQDFKKHUJOHLFKPLWHUNOlUWH0DUJLQ(UJLQJLQGDV .UDQNHQ]LPPHU VSUDFK NXU] PLW +RIPDQ XQG VXFKWH GDQQ GLH 9RUUDWVUlXPH DXI'LH)XQNHULQ]HLJWHLKPGHQ:HJVLHKLH'RQQD/RQJZDUUXQGOLFKXQG URWKDDULJXQGVFKLHQHLQHP)OLUWPLWLKPQLFKWDEJHQHLJW]XVHLQ :HVKDOEHLJHQWOLFKQLFKW"VDJWHVLFK/HH(UJDE'RQQD]XYHUVWHKHQGDVLHEHL GHU3DUW\VHLQH)DYRULWLQVHLQZUGHGDQQZDUHQVLHLP/DJHUDQJHODQJW'RUW VFKOXJ VHLQH 6WLPPXQJ MHGRFK XP DOV HU GDV :HLQID VDK GDV LKP DXI VHLQH VSlWH%HVWHOOXQJKLQHUVWZHQLJH6WXQGHQYRUGHP6WDUWJHOLHIHUWZRUGHQZDU(U KDWWH HV ELV GDKLQ QRFK QLFKW ]X VHKHQ EHNRPPHQ XQG QXQ VFKQDXIWH HU PLPXWLJDXI ³9HUGDPPW ZDV LVW GHQQ GDV" NQXUUWH HU ³,FK KDEH HLQ *HELQGH PLW GUHLKXQGHUW /LWHUQ 5KHLQZHLQ EHVWHOOW GDV VLQG MHGRFK QXU KXQGHUW /LWHU 0LW GLHVHU 0HQJH PDFKH LFK PLFK YRU GHQ 7RXULVWHQ HLQIDFK OlFKHUOLFK (V LVW ZDUP VLH ZHUGHQ HLQHQ ]LHPOLFKHQ 'XUVW KDEHQ XQG YRQ GHU JURHQ )HWH GLH LFK LKQHQ YHUVSURFKHQ KDEH ZHLW PHKU HUZDUWHQ +DUWH 6DFKHQ VLQG DEHU EHL GLHVHP:HWWHUQLFKWDQJHEUDFKWXQGHLQ7HLOGHU/HXWHVROOPRUJHQDXIGLH-DJG JHKHQ :DV VROO LFK QXQ WXQ ZHQQ LFK PLFK QLFKW EODPLHUHQ XQG DOV .QLFNHU GDVWHKHQZLOO" 'RQQD/RQJOlFKHOWHXQGVFKPLHJWHLKUHQ.|USHUYHUWUDXOLFKDQGHQVHLQHQ ³,FK ZHL GD HLQH SDVVDEOH /|VXQJ /HH HUNOlUWH VLH KHLWHU ³ZLU PDFKHQ HLQIDFKHLQH%RZOHGDUDXV)UXFKWNRQVHUYHQKDEHQZLUDXVUHLFKHQGDQ%RUGVLH ZHUGHQ PLW $ONRKRO XQG $URPDVWRIIHQ LQ HLQHQ %HKlOWHU JHJHEHQ XQG ]LHKHQ GDULQ HLQLJH 6WXQGHQ GXUFK 'DQDFK NRPPW GHU :HLQ KLQ]X XQG NXU] YRU GHP
$XVVFKDQN HWZD GLH JOHLFKH 0HQJH 6RGDZDVVHU 'DV VFKPHFNW GDQQ QLFKW QXU VHKU JXW VRQGHUQ O|VFKW DXFK GHQ JU|WHQ 'XUVW XQG DOOH EHNRPPHQ JHQXJ GDYRQ 0DUJLQGDFKWHNXU]QDFKGDQQKHOOWHVLFKVHLQH0LHQHZLHGHUDXI ³'LH,GHHLVWZLUNOLFKQLFKWVFKOHFKW'RSSHOWJXWVRJDUZHQQVLHPLFKYRUHLQHU %ODPDJHEHZDKUW²GDIUN|QQWHLFKGLFKNVVHQ0lGFKHQ ³'DQQWXHVGRFKJXUUWH'RQQDXQGGLHVHU(LQODGXQJNRQQWH/HHHLQIDFKQLFKW ZLGHUVWHKHQ 1DWUOLFKEOLHEHVQLFKWEHLHLQHP.X(UVWHLQHKDOEH6WXQGHVSlWHUHUVFKLHQHU ZLHGHULP0HGRFHQWHUXQGZDQGWHVLFKDQGHQ5RERWHUGHULKPHQWJHJHQNDP ³'X PXW PLU KHOIHQ 0RULW] (V VLQG GD HLQLJH 'LQJH DXI PHLQH 3ODWWIRUP ]X VFKDIIHQGLH]XVFKZHUIUPLFKXQG0L/RQJVLQG:LUZHUGHQVLHGLU]HLJHQ WUDJHVLHGDQQKLQDXV ³'DV LVW DEHU QLFKW PHLQH $XIJDEH 6LU SURWHVWLHUWH GHU 5RERW ³6R HWZDV WXQ QXUHLQIDFKH0DVFKLQHQGHUXQWHUVWHQ.DWHJRULHPHLQ3URJUDPPVLHKWQXU+LOIH LQEHVRQGHUHQ1RWIlOOHQYRU ³+LHULVWDEHUHLQVROFKHUJHJHEHQVDJWH'RQQD³'LHVH/DVWHQN|QQHQZHGHU 0U 0DUJLQ QRFK LFK WUDJHQ RKQH GDEHL N|USHUOLFKH 6FKlGHQ ]X HUOHLGHQ XQG DQGHUH3HUVRQHQVLQG]XU=HLWQLFKWDQ%RUG0U+RIPDQVFKHLGHWDXVGHQQHU LVW5HNRQYDOHV]HQWGXPXWXQVDOVRKHOIHQVLHKVWGXGDVHLQ" 0RULW]KDWWHNHLQHDQGHUH:DKOGDVHUVWH5RERWHUJHVHW]JHZDQQGLH2EHUKDQG EHUVHLQVSH]LHOOHVDEHUQDFKJHRUGQHWHV3URJUDPP³,FKJHKRUFKHHUNOlUWHHU XQG HLQLJH 0LQXWHQ VSlWHU ZDUHQ DXHU GHP :HLQID DXFK HLQLJH .LVWHQ PLW )UFKWHQ XQG 0LQHUDOZDVVHU DXI GHU $QWLJUDYSODWWIRUP YHUVWDXW 0D[ HQWOLH 'RQDOG +RIPDQ DXFK HWZDV =X IUK DXV VHLQHU 2EKXW DEHU QXU PLW GHP 9RUEHKDOW VLFK DP $EHQG YRQ VHLQHP ZHLWHUHQ %HILQGHQ EHU]HXJHQ ]X N|QQHQ 'DV ZXUGH LKP ]XJHVDJW GLH 3ODWWIRUP YHUOLH GLH 6:$//2: XQG 'RQQD VWHXHUWHVLHLQV/DJHU]XUFN ³%LVWGXZLUNOLFKVFKRQZLHGHUGD"HPSILQJ,ORQD0DUJLQGHQ%UXGHUXQGZDUI GHU)XQNHULQHLQHQJLIWLJHQ%OLFN]X,KU+DDUZDUQRFKQDGHQQVLHKDWWHHLQH 9LHUWHOVWXQGH ]XYRU QRFK LP 7HLFK )LVFKH ]X IDQJHQ YHUVXFKW ³:DV GX LQ]ZLVFKHQJHWDQKDVWNDQQLFKPLUOHEKDIWGHQNHQ ³(ULQQHUH GLFK OLHEHU DQ YRUJHVWHUQ DEHQG HKH GX PLU 9RUZUIH PDFKVW NRQWHUWH /HH XQEHHLQGUXFNW ³,P *HJHQVDW] ]X GLU KDEH LFK LPPHUKLQ HWZDV 3RVLWLYHV JHWDQ XQG GLH 3DQQH DXVJHEJHOW GLH XQV GHU :HLQOLHIHUDQW DXI GHU (UGHHLQJHEURFNWKDW (U XQWHUULFKWHWH GLH 6FKZHVWHU GDUEHU XQG KRE DXFK 'RQQDV %HPKXQJHQ KHUYRU:DV,ORQDYRQDOOGHPKLHOWVDJWHQXULKUH0LHQHVLHQLFNWHVFKOLHOLFK XQGJDE]XUFN ³2ND\ GDQQ JLEW HV DOVR KHXWH DEHQG HLQH %RZOH HLQ .HVVHO LVW LQ GHU .FKH EHVWLPPW QRFK IUHL XQG GLH :HOW ZLOO EHNDQQWOLFK LPPHU LUJHQGZLH EHWURJHQ VHLQ ³'DVKDVWGXVFKRQHLQPDOJHVDJW²GDPDOVDOVGXGHQ(QWVFKOXJHIDWKDVW
HLQLJH &RPSXWHU KHUHLQ]XOHJHQ JULQVWH /HH 0DUJLQ ³1XU GHVKDOE VLQG ZLU MHW]WKLHUVSDUHGLUDOVRDOOHZHLWHUHQJURHQ:RUWH6FKZHVWHUKHU]+LHULVWGHU :HLQXQGDOOHVEULJH=XEHK|UVHLVRQHWWXQGNPPHUHGLFKZHLWHUGDUXP,FK PX PLFK MHW]W HUVW HLQPDO EHL -RKQ 7DVKQHU GDQDFK HUNXQGLJHQ ZLH HV GHQ -DJGJUXSSHQLQ]ZLVFKHQHUJDQJHQLVW (UQLFNWH'RQQD/RQJOlFKHOQG]XXQGEHJDEVLFKGDQQ]XGHP.DSLWlQ²XQG EHVLHJHOWHGDPLWGLHJURH.DWDVWURSKH $P IUKHQ 1DFKPLWWDJ NHKUWHQ GLH EHLGHQ -DJGJUXSSHQ ]XUFN XQG PHOGHWHQ VWRO]LKUH(UIROJH 0LW XQEHJUQGHWHP 6WRO] GHQQ MHGHU 7UXSS KDWWH ]ZDU YLHU 7LHUH HUOHJW GRFK GLH +lOIWH GHU 6FKW]HQ KDWWH VFKOHFKW JH]LHOW 9LHOOHLFKW ZDU GDV -DJGILHEHU VFKXOG JHZHVHQ MHGHQIDOOV ZDUHQ GUHL GHU /XUXS+LUVFKH VR YHUEUDQQW GD VLH DOV 1DKUXQJ QLFKW PHKU ]X EUDXFKHQ ZDUHQ HLQ YLHUWHU QXU EHGLQJW ,PPHUKLQ UHLFKWH GDV JHZRQQHQH )OHLVFK ]X HLQHU JXWHQ 0DKO]HLW IU DOOH XQG DOV GLH %HXWH LP /DJHU EHZXQGHUW ZRUGHQ ZDU JLQJ 'LOORQ GDUDQ GLH 7LHUH DXV GHU 'HFNH]XVFKODJHQXQGDXV]XZHLGHQ 'LH ³6FKOXPSVFKW]HQ PXWHQ LKP GDEHL KHOIHQ XQG GDV ZDU IU VLH 6WUDIH JHQXJVLHZDUHQDQVROFKHEOXWLJH$UEHLWQLFKWJHZ|KQWXQGDOOHQZXUGHPHKU RGHU ZHQLJHU VFKOHFKW $QGHUH HUULFKWHWHQ XQWHU $QOHLWXQJ GXUFK GHQ ,2 DXI GHP =HQWUDOSODW] )HXHUVWHOOHQ XQG GDUEHU GLH 9RUULFKWXQJHQ ]XP *ULOOHQ DP 6SLH'LH6WLPPXQJGHU7RXULVWHQZDUVFKRQMHW]WDXVJHODVVHQVLHIUHXWHQVLFK ZLH.LQGHUDXIGDVDEHQGOLFKHJURH)HVW 7LVFKH XQG 6LW]JHOHJHQKHLWHQ ZXUGHQ LQV )UHLH JHVFKDIIW XQG LQ 5HLKHQ DXIJHVWHOOW GLH )UDXHQ JLQJHQ GDUDQ VLFK VR VFKPXFN ZLH P|JOLFK ]XUHFKW]XPDFKHQ /HH 0DUJLQ QXW]WH GLH *HOHJHQKHLW LQ GHP QXQ YHUZDLVWHQ 7HLFKHLQHUIULVFKHQGHV%DG]XQHKPHQXQGEHJDEVLFKGDQDFKLQV.FKHQ]HOW XPGRUWQDFKGHP5HFKWHQ]XVHKHQ ,ORQD VWDQG QHEHQ HLQHP ULHVLJHQ .HVVHO XQG UKUWH JHUDGH VHLQHQ ,QKDOW XP ³2K GDV ULHFKW QLFKW VFKOHFKW VWHOOWH LKU %UXGHU IHVW GHP GHU 'XIW GHV ]XP $QVHW]HQYHUZHQGHWHQ.RJQDNVLQGLH1DVHVWLHJXQGVLHQLFNWH ³1XUPLWGHQVFKODEEULJHQ.RQVHUYHQZDUQLFKWYLHODQ]XIDQJHQLKQHQIHKOWGHU ULFKWLJH3ILII'HVKDOEKDEHLFKHLQLJHXQVHUHU0lGFKHQORVJHVFKLFNWXPIULVFKH )UFKWH ]X VDPPHOQ 'D]X QRFK HLQH +DQGYROO NQVWOLFKHV $URPD XQG GHQ /HXWHQ ZLUG QLH DXIIDOOHQ GD GLHVH .RPSRVLWLRQ QXU ]XU +lOIWH DXV :HLQ EHVWHKW'XPXWPLUQXUQDFKKHUQRFKHLQSDDU0lQQHUVFKLFNHQXPGDV)D DXVGHU.KOWUXKH]XKROHQIUXQV)UDXHQLVWGDV'LQJ]XVFKZHU ³:LUG EHVRUJW YHUVSUDFK /HH ³ZHQQ GHU :LOGEUDWHQ HEHQVR JXW ZLUG NDQQ QLFKWV PHKU VFKLHIJHKHQ )U GHQ QlFKVWHQ 7ULS ZHUGH LFK DEHU EHVVHU 9RUVRUJHQ 'HU $EHQG NDP KHUDQ GLH *ULOOIHXHU EUDQQWHQ OlQJVW MH ]ZHL 0lQQHU GUHKWHQ NHXFKHQGXQGVFKZLW]HQGGLHGDUEHUKlQJHQGHQ7LHUH)HWWXQG6DIWWURSIWHLQ GLH)ODPPHQHLQYHUORFNHQGHU*HUXFK]RJGXUFKGDV/DJHUXQGGHQ0HQVFKHQ
OLHI GDV :DVVHU LP 0XQG ]XVDPPHQ 6LH NRQQWHQ HV NDXP HUZDUWHQ ELV $UW 'LOORQGDV:LOGHQGOLFKIUJDUEHIDQGDEQHKPHQXQG]HUWHLOHQOLHXQGILHOHQ GDQQZLHGLH:LOGHQEHUGLH%UDWHQVWFNHKHU 'LOORQ KDWWH JXW JHZU]W HV VFKPHFNWH DOOHQ DXVJH]HLFKQHW XQG VHOEVW 0DUJLQ PXWH ]XJHEHQ GD GLHVHU *HQX DOOH VRQVW EOLFKHQ *HULFKWH ZHLW EHUWUDI )DVW HLQH 6WXQGH ODQJ ZDU DXHU JHQOLFKHP 6FKPDW]HQ IDVW NHLQ /DXW ]X K|UHQMHGHU.QRFKHQZXUGHKLQJHEXQJVYROODEJHQDJW'DQQDEHUHUKREVLFKHLQ JURHV+DOORGHQQGLH0lQQHUGHU63$&(6:$//2:UROOWHQGDV*HVWHOOLQV )UHLHLQGHPGHU.HVVHOPLWGHU%RZOHKLQJ $OOH KDWWHQ 'XUVW EHNRPPHQ VLH GUlQJWHQ KHUDQ XQG OLHHQ VLFK GLH JURHQ %HFKHU YROOVFKHQNHQ 'DV EHVRUJWHQ GLH 3DDUH GLH LQ GLHVHU 1DFKW HLJHQWOLFK KlWWHQ :DFKH KDOWHQ VROOHQ DEHU 7DVKQHU KDWWH VLH GDYRQ EHIUHLW (V JDE NHLQH JHIlKUOLFKHQ 7LHUH DXI /XUXS ,, DXHU GHQ ³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lQN PXQGHWH XQG SHUOWHDQJHQHKPDXIGHU=XQJH(UVWH*HVlQJHZXUGHQDQJHVWLPPWGDQQHUKRE VLFKGHU5HLVHOHLWHUXQGEUDFKWHHLQHQ7RDVWDXI$'9(172856XQGGLHEHLGHQ 0DUJLQVDXV(UHUKLHOWUHLFKHQ%HLIDOO/HHXQG,ORQDHUKREHQVLFKXQGZLQNWHQ ³LKUHQ$EHQWHXUHUQ]X'LHVH3DUW\ZDUHLQYROOHU(UIROJIUVLH 'LH %HFKHU ZXUGHQ ]XP GULWWHQPDO JHIOOW GLH *HVlQJH ODXWHU XQG LKUH 7H[WH LPPHU IUHLHU 'RFK QLHPDQG IDQG HWZDV GDEHL 7HUUD XQG DOOH OlVWLJHQ .RQYHQWLRQHQZDUHQZHLWXQGYHUJHVVHQ$OVGDQQGLHHUVWHQGHXWOLFK]XODOOHQ EHJDQQHQXQGGLH+HUUVFKDIWEHULKUH*OLHGHUYHUORUHQVFKREPDQGDVDXIGHQ ]X VFKQHOO XQG VRUJORV JHQRVVHQHQ $ONRKRO 6HOEVW /HH 0DUJLQ GHU HV EHVVHU ZXWHIDQG]XQlFKVWQLFKWVGDEHL 'RFK GDQQ UXWVFKWHQ LPPHU PHKU 7RXULVWHQ LQ VLFK ]XVDPPHQ VLH ZLUNWHQ VLQQORV EHWUXQNHQ XQG ILHOHQ ]X %RGHQ 'RUW ZDQGHQ VLH VLFK LQ VHOWVDPHQ =XFNXQJHQXQGVW|KQWHQODXWXQGQXQPHUNWHGHUDXIYLHOHQ*HELHWHQHUIDKUHQH $UW'LOORQDOVHUVWHUDXI ³+LHU VWLPPW HWZDV QLFKW /HH VDJWH HU DODUPLHUW ³'LH %RZOH LVW ]ZDU JXW HQWKlOW DEHU EHVWHQIDOOV ]HKQ 3UR]HQW $ONRKRO XQG GDYRQ ZHUIHQ DXFK GUHL %HFKHU VR VFKQHOO NHLQHQ 8P ,FK JODXEH GD KLHU HWZDV DQGHUHV LP 6SLHO LVW GLH/HXWHZLUNHQQLFKWHLQIDFKEHWUXQNHQVRQGHUQUHJHOUHFKWNUDQN ³'DVLVWGRFKEODQNHU8QVLQQ$UWNQXUUWH0DUJLQXQJHKDOWHQ³'LH7RXULVWHQ KDEHQ YLHO ]X VFKQHOO XQG ]X UHLFKOLFKJHJHVVHQ XQG GDV LVW MHW]W GLH 5HDNWLRQ GDUDXI ,KUH YROOHQ 0lJHQ GDV XQJHZRKQWH :LOGIOHLVFK XQG GDUDXI GDV NDOWH *HWUlQN (UXQWHUEUDFKVLFKGHQQSO|W]OLFKEHJDQQHVYRUVHLQHQ$XJHQ]XIOLPPHUQXQG
HLQ*HIKOZUJHQGHUhEHONHLWVWLHJLQLKPDXI(UNlPSIWHYHUELVVHQGDJHJHQ DQ DEHU XPVRQVW VHLQ .|USHU VDFNWH ]XVDPPHQ XQG VHLQ.RSIVFKOXJVFKZHU DXI GHQ 7LVFK ,P QlFKVWHQ 0RPHQW HUJLQJ HV GHU QHEHQ LKP VLW]HQGHQ ,ORQD HEHQVRXQGQXQVSUDQJGHU5HLVHOHLWHUHUVFKURFNHQDXI (UKDWWHZHQLJHUJHWUXQNHQDOVGLHDQGHUHQXPGLHhEHUVLFKW]XEHKDOWHQGHQQ ZHQQHWZDVVFKLHIJLQJILHOGLH9HUDQWZRUWXQJLPPHUDXILKQ]XUFN7URW]GHP IKOWHDXFKHUHLQHVHOWVDPH6FKZlFKHLQVHLQHQ*OLHGHUQXQGGLHVHV6\PSWRP OLHQXUHLQHQ6FKOX]X ³'DVVLQGHLQGHXWLJ9HUJLIWXQJVHUVFKHLQXQJHQ-RKQVWLHHUHUUHJWKHUYRUDQ GHQ.DSLWlQGHU6:$//2:JHZDQGW'RFK7DVKQHUJDENHLQH$QWZRUWVHLQH $XJHQZDUHQJODVLJXQGVHLQ.|USHUILHOVFKZHUJHJHQGHQ(UVWHQ2IIL]LHUGHP HVQLFKWYLHOEHVVHUJLQJ 'HU IUKHUH 3URVSHNWRU ZDU HLQ KDUWHU XQG HUIDKUHQHU 0DQQ HU ZXWH JHQDX ZRUDXIHVKLHUDQNDP6FKQHOOH+LOIHPXWHKHUHUVWHPPWHVLFKKRFKXQGZDUI HLQHQ%OLFNLQGLH5XQGH:DVHUVDKVSRUQWHLKQQRFKZHLWHUDQ²VlPWOLFKH 7RXULVWHQ ZDUHQ LQ]ZLVFKHQ ]X %RGHQ JHJDQJHQ RGHU KLQJHQ VW|KQHQG RGHU ]XFNHQGLQGHQ6LW]HQ ³,FKPXHVVFKDIIHQNHXFKWHHUNDPVFKZDQNHQGDXIGLH%HLQHVWROSHUWH]X VHLQHP=HOWXQGDNWLYLHUWHGRUWVHLQ)XQNJHUlW 5RERWHU EUDXFKHQ NHLQHQ 6FKODI XQG 0HGRURERWHU EOLHEHQ VWHWV LQ SDVVLYHU %HUHLWVFKDIW ZHQQ VLFK LKU 6FKLII DXI HLQHU IUHPGHQ :HOW EHIDQG 'DV VFKULHE LKQHQ LKU %DVLVSURJUDPP YRU DOVR HUZDFKWHQ ³0D[ XQG 0RULW] VRIRUW DXV LKUHP 5XKH]XVWDQG DOV GDV $ODUPVLJQDO GLH )XQNVHNWRUHQ LKUHU 3RVLWURQLNHQ HUUHLFKWH 6LH HUNDQQWHQ $UW 'LOORQV 6WLPPH YHUVWDQGHQ VHLQH :RUWH XQG ZXUGHQVRIRUWDNWLY ,P +DQJDU GHU 63$&( 6:$//2: VWDQG HLQ VFKQHOOHU *OHLWHU EHUHLW GHU DOV IOLHJHQGH,QWHQVLYVWDWLRQHLQJHULFKWHWZDU$OOHUGLQJVZDUHUYRUQHKPOLFKIUGLH %HWUHXXQJYHUXQJOFNWHU-lJHUJHGDFKW'LOORQKDWWHMHGRFKYRQHLQHU9HUJLIWXQJ JHVSURFKHQ RKQH NRQNUHW VDJHQ ]X N|QQHQ ZRGXUFK 'HVKDOE EHJDE VLFK QXU 0D[KLQXQWHULQGHQ+DQJDU0RULW]GDJHJHQHLOWHLQV0HGLNDPHQWHQODJHU 'RUWVWHOOWHHUHLQ6RUWLPHQWDOOHUYHUIJEDUHQ$QWLWR[LND]XVDPPHQOXGVLHLQ HLQHQ7UDJHEHKlOWHUXQGVFKOHSSWHGLHVHQDXIVHLQHP5FNHQEHIHVWLJWKLQDE]X GHP )DKU]HXJ (U KDWWH HV NDXP EHWUHWHQ GD JOLWW DXFK VFKRQ HLQ 6FKOHXVHQVHJPHQWDXIXQG0D[MDJWHGHQ*OHLWHUPLW+|FKVWIDKUWLQGLH1DFKW KLQDXV'LH]ZHLKXQGHUW0HWHUZDUHQVFKQHOO]XUFNJHOHJWXQGVLHODQGHWHQQXU ZHQLJH0HWHUQHEHQGHP5HLVHOHLWHUGHVVHQ)XQNJHUlWHLQHQ3HLOWRQDEVWUDKOWH (UODJYRUVHLQHP=HOWHVJLQJLKPVFKOHFKWGRFKHUZDUQRFKEHL%HVLQQXQJ 0RULW] OXG GHQ %HKlOWHU DXV 0D[ EHXJWH VLFK EHU GHQ (UNUDQNWHQ XQG IUDJWH EHVRUJW³.|QQHQ6LHPLUVDJHQZHOFKHU$UWGLH9HUJLIWXQJLVW6LU" ³,FK ZHL HV QLFKW U|FKHOWH $UW 'LOORQ GHU QXU QRFK PLW 0KH GLH $XJHQ RIIHQKLHOW ³.HLQH $QKDOWVSXQNWH ZLU KDEHQ QXU )OHLVFK JHJHVVHQ XQG XQG %RZOHJHWUXQNHQ8QGGDQQZXUGHQDFKXQGQDFKDOOHQVFKOHFKW=XFNXQJHQ %HZXWORVLJNHLW 6HLQH6WLPPHEUDFKDEVHLQ.|USHUElXPWHVLFKNXU]DXIXQGVDQNGDQQLQVLFK
]XVDPPHQ (U ZDU MHGRFK QXU EHVLQQXQJVORV JHZRUGHQ GHU 5RERWHU ULFKWHWH VLFK ZLHGHU DXI XQG EHJDQQ QDFK DQGHUHQ ]X VXFKHQ GLH LKP YLHOOHLFKW HLQH JHQDXHUH$XVNXQIWJHEHQNRQQWHQ(UIDQGQLHPDQGPHKUDOOH0HQVFKHQODJHQ UHJXQJVORVGDLQGHQVHOWVDPVWHQ6WHOOXQJHQYHUNUPPW ,KU $WHP JLQJ VFKZHU XQG NHXFKHQG LKUH *HVLFKWHU ZDUHQ IDKO XQG VFKZHLEHGHFNW 0D[ UHSHWLHUWH QRFK HLQPDO 'LOORQV :RUWH XQG ZDQGWH VLFK GDQQDQVHLQHQ*HIlKUWHQGHULQ]ZLVFKHQGHQ.DVWHQJH|IIQHWKDWWH³.HQQVWGX HLQ*HWUlQNGDV%RZOHKHLW" ³1HLQ JDE 0RULW] ]XUFN QDFKGHP HU VHLQHQ 0HPRVHNWRU DEJHIUDJW KDWWH ³9HUPXWOLFK LVW HV MHQHV GDV VLFK LQ GHQ %HFKHUQ XQG LQ GHP JURHQ .HVVHO EHILQGHWXQWHUVXFKHQZLUHV]XHUVW (UKDWWHGHQHQWVSUHFKHQGHQ,QGLNDWRUEHUHLWV]XU+DQGVFK|SIWHHLQH3UREHDXV GHP .HVVHO XQG IJWH HLQ .RPELUHDJHQV KLQ]X 'DV *HPLVFK IOOWH HU LQ GLH )OVVLJNHLWVNDPPHUXQGVFKDOWHWHGDQQDXI$QDO\VHXP0D[KDWWHLQ]ZLVFKHQ 'LOORQ XQG HLQHP GHU 7RXULVWHQ %OXWSUREHQ HQWQRPPHQ XQG YHUIXKU PLW LKQHQ DXIGLHJOHLFKH:HLVH 6LH ZDUHQ GDUDXI JHIDW DXFK GLH %UDWHQUHVWH QRFK ]X WHVWHQ GRFK GDV HUZLHV VLFK DOV EHUIOVVLJ 1DFK ]ZDQ]LJ 6HNXQGHQ JDEHQ EHLGH *HUlWH IDVW JOHLFK]HLWLJ 6LJQDO =DKOHQZHUWH ]XFNWHQ EHU GLH NOHLQHQ 0RQLWRUHQ XQG GLH 3RVLWURQHQKLUQHGHU5RERWHUVHW]WHQVLHDXJHQEOLFNOLFKLQNRQNUHWH%HJULIIHXP 6RZRKO LQ GHP *HWUlQN ZLH LQ GHQ %OXWSUREHQ EHIDQG VLFK GDV VHKU VHOWHQH 1HUYHQJLIW=LWRQ%1RUPDOHUZHLVHNRQQWHHVQXUNQVWOLFKHU]HXJWZHUGHQLQ VHKU JHULQJHQ 'RVHQ ZLUNWH HV DOV +DOOX]LQRJHQ %HL OlQJHUHP *HEUDXFK GHU hEHUGRVLHUXQJ IKUWH HV DEHU XQZHLJHUOLFK VFKZHUH 6FKlGLJXQJHQ JHZLVVHU 1HUYHQEDKQHQXQGGHV*HKLUQVKHUEHL 'RFK ZLH NDP GLHVHU H[RWLVFKH 6WRII LQ GLHVH %RZOH LQ GHU VLFK QXU ,QJUHGLHQ]LHQ EHIDQGHQ GLH MHGH IU VLFK KDUPORV ZDUHQ" 'LH LUGLVFKHQ )UFKWHZDUHQJDUDQWLHUWXQJLIWLJXQGYRQMHQHQGLHKLHUYRQ/XUXSVWDPPWHQ KDWWHQ VFKRQ YLHOH 0HQVFKHQ JHJHVVHQ RKQH GDQDFK QHJDWLYH )ROJHQ ]X YHUVSUHQ 'LH0HGRURERWVIDQGHQDXFKGLHVKHUDXV (LQH DSULNRVHQlKQOLFKH VHKU ZRKOVFKPHFNHQGH HLQKHLPLVFKH )UXFKW HQWKLHOW HLQHQ $URPDVWRII GHU LP 1DWXU]XVWDQG Y|OOLJ XQJHIlKUOLFK IU 0HQVFKHQ ZDU .DP HU MHGRFK PLW $ONRKRO ]XVDPPHQ O|VWH HU VLFK LQ GUHL YHUVFKLHGHQH %HVWDQGWHLOH DXI HLQHU GDYRQ YHUEDQG VLFK PLW GHP :HLQJHLVW XQG DXV GLHVHU 6\QWKHVHHQWVWDQG=LWRQ% ,ORQD 0DUJLQ KDWWH LP %HVWUHEHQ GHQ *HVFKPDFN LKUHU %RZOH ]X YHUEHVVHUQ JHUDGH PLW GLHVHP 2EVW QLFKW JHVSDUW ² XQG GDGXUFK KDWWH VLH GLH 9HUJLIWXQJ DOOHU,QVDVVHQGHU6:$//2:KHUEHLJHIKUW 1XQODJVLHDOVLKUHLJHQHV2SIHUHEHQVREHVLQQXQJVORVGDZLHDOOHDQGHUHQ (V JDE HLQ *HJHQPLWWHO IU GLHVH 'URJH GRFK IHUWLJ ZDU HV LP 9RUUDW GHV 6FKLIIHVQLFKWYRUKDQGHQ'LH5RERWHUNDQQWHQDEHUGLHFKHPLVFKH)RUPHOXQG EHHLOWHQVLFKQXQHLQHDXVUHLFKHQGH0HQJHGDYRQKHU]XVWHOOHQ6LHPL[WHQGLH HQWVSUHFKHQGHQ 0HGLNDPHQWH XQG %DVLVVWRIIH EHUHLWHWHQ GDUDXV HLQH ZlULJH
/|VXQJXQGIOOWHQGLHVHLQ+RFKGUXFNVSULW]HQ0LWGLHVHQKDVWHWHQVLHGDQQYRQ HLQHPLKUHU3DWLHQWHQ]XPDQGHUHQXQGVFKRVVHQGLHVHQGLHK|FKVWHYHUWUHWEDUH 'RVLVGHV$QWLWR[LQVLQGLH%OXWEDKQHQ $QVFKOLHHQGIKUWHQVLHGLHJOHLFKH3UR]HGXUQRFKPDOVGXUFKGLHVPDOVSULW]WHQ VLHHLQEHZlKUWHV6WLPXODQV0HKUNRQQWHQVLHRKQH$QOHLWXQJGXUFKPHQVFKOL FKH)DFKNUlIWHQLFKWWXQ 'LH:LUNXQJZUGHDXIVLFKZDUWHQODVVHQXQGVLHQXW]WHQGLH=HLWVRJXWVLH NRQQWHQ 6LH VFKOHSSWHQ GLH 0HQVFKHQ ]XU 6HLWH EHWWHWHQ VLH EHTXHP LQV *UDV XQGVlXEHUWHQMHQHGLHVLFKHUEURFKHQKDWWHQ'DQQZDUWHWHQVLHPLWGHU*HGXOG YRQ0DVFKLQHQLQGHUHQ([LVWHQ]GLH=HLWNHLQH5ROOHVSLHOWHDXIGDV5HVXOWDW LKUHU$NWLRQ 'LHHUVWHQ$EHQWHXUHUHUZDFKWHQDXVLKUHPWLHIHQ.RPDDOVGLH1DFKWYRUEHU ZDU XQG GLH 6RQQH VWUDKOHQG DP +LPPHO HUVFKLHQ 6LH ULFKWHWHQ VLFK DXI XQG VDKHQ VLFK XP XQG LP *HIKOVVHNWRU YRQ 0D[ XQG 0RULW] VWHOOWH VLFK GDV bTXLYDOHQWWLHIHU%HIULHGLJXQJHLQ (VKLHOWMHGRFKQLFKWODQJHDQVRQGHUQVFKOXJEDOGLQVJHQDXH*HJHQWHLOXPLQ GHQ=XVWDQGWLHIVWHU%HVWU]XQJ 6LHKDWWHQDOOHVJHWDQZDV0HGRURERWVLKUHU.DWHJRULHEHUKDXSWP|JOLFKZDU VHOEVWGDVQHXHVWH0RGHOOKlWWHHVQLFKWEHVVHUXQGVFKQHOOHUJHNRQQW6LHKDWWHQ GDPLWDXFK(UIROJHU]LHOWGRFKGLHVHUZDUQXUUHODWLY]XZHUWHQ hEHUGHP+RFKSODWHDXDXI/XPS,,EUDFKHLQVWUDKOHQGVFK|QHUQHXHU7DJDQ² DEHULQGHQ+LUQHQGHU0HQVFKHQEOLHEHV1DFKW =LWRQ%ZLUNWHVFKRQLQNOHLQVWHQ0HQJHQXQGEHLMHHLQHP%HFKHUGHU%RZOH ZlUH HV LQIROJH JHULQJHU .RQ]HQWUDWLRQ GHU 'URJH ZRKO EHL KDUPORVHQ +DOOX]LQDWLRQHQ JHEOLHEHQ (LQ ]ZHLWHU %HFKHU KlWWH YHUPXWOLFK ZRKO HLQH WDJHODQJH'HVRULHQWLHUXQJYHUXUVDFKWDEHUEHLHQWVSUHFKHQGHU%HKDQGOXQJZlUH VLHRKQHEOHLEHQGH)ROJHQJHEOLHEHQ 'UHL %HFKHU MHGRFK ZDUHQ ]XYLHO JHZHVHQ JHJHQ GLHVH 'RVLV NDP DXFK GDV $QWLWR[LQQLFKWPHKUDQ 'LH 0lQQHU XQG )UDXHQ HUZDFKWHQ ]ZDU QDFK XQG QDFK XQG DEJHVHKHQ YRQ HLQHPJHZDOWLJHQ.DWHUZDUHQVLHUHLQN|USHUOLFKZLHGHUIDVWLQ2UGQXQJ'RFK GDV *LIW KDWWH VHLQH YHUKlQJQLVYROOH :LUNXQJ LQ LKUHQ *HKLUQHQ JHWDQ XQG ]DKOUHLFKH 1HXURQHQ VFKZHU JHVFKlGLJW ² VLH ZDUHQ VWXSLGH JHZRUGHQ SUDNWLVFKGHELO 'DV ]HLJWH VLFK EDOG VFKRQ DQ LKUHP %OLFN VLH VWDUUWHQ XP VLFK ZXWHQ DEHU QLFKW PHKU ZHU XQG ZR VLH ZDUHQ 'LH PHLVWHQ VSUWHQ GDV 9HUODQJHQ LKUH 1RWGXUIW]XYHUULFKWHQDEHUVLHVXFKWHQGD]XQLFKWGLH6DQLWlUDQODJHQLKUHU=HOWH DXIVRQGHUQWDWHQHVHLQIDFKGRUWZRVLHJHUDGHZDUHQ'DQDFKEUDFKWHQVLHUHLQ PHFKDQLVFKLKUH.OHLGXQJZLHGHULQ2UGQXQJGRFK]XPHKUUHLFKWHHVQLFKW6LH VFKOXUIWHQ]XGHQ7LVFKHQKLQEHUOLHHQVLFKDXIGLH%lQNHXQG6WKOHIDOOHQ XQGJORW]WHQYRUVLFKKLQ (VZDUHLQMlPPHUOLFKHU$QEOLFNHUVFKRFNWHGLHEHLGHQ5RERWHUXQGPDFKWHVLH YRUEHUJHKHQG KDQGOXQJVXQIlKLJ 6LH KlWWHQ DXFK JDU QLFKW JHZXW ZDV QXQ
ZHLWHU ]X WXQ ZDU GHUDUW H[WUHPH )lOOH VDK LKU RKQHKLQ YHUDOWHWHV 3URJUDPP QLFKWYRU 'RFKGDQQUHJWHVLFKDXFK$UW'LOORQZLHGHUVWHPPWHVLFKLQVLW]HQGH6WHOOXQJ KRFKXQGEHUJDEVLFK]XQlFKVW'DQDFKEOLHEHUHLQH:HLOHUHJXQJVORVVLW]HQ GHQ.RSILQEHLGH+lQGHJHVWW]W6FKOLHOLFKKREHULKQDEHUZLHGHUVFKWWHOWH LKQYRUVLFKWLJXQGVW|KQWH³+LPPHOXQG+|OOHPLULVWYLHOOHLFKWVFKOHFKW 'DVZHFNWH0D[XQG0RULW]DXVLKUHU(UVWDUUXQJ %LVGDKLQKDWWHNHLQHUGHUDQGHUHQ0HQVFKHQHWZDVJHVDJWVLHYHUKDUUWHQQRFK LPPHULQOHWKDUJLVFKHP6FKZHLJHQ'LHVHU0DQQDEHUYHUPRFKWHVLFKVLQQYROO ]X DUWLNXOLHUHQ VFKLHQ DOVR JHLVWLJ QRFK HLQLJHUPDHQ QRUPDO ]X VHLQ XQG GDV ZDU HLQ NOHLQHU /LFKWEOLFN 6LH HLOWHQ ]X LKP KLQEHU XQG 0D[ IUDJWH EHVRUJW ³(VJHKW,KQHQQLFKWJXW6LUZDVN|QQHQZLUIU6LHWXQ" 'HU5HLVHOHLWHUVW|KQWHHUQHXWXQGNlPSIWHJHJHQVHLQH6FKZlFKHDQ³:DVVHU YHUODQJWH HU GDQQ OHLVH 0D[ UDVWH KLQEHU ]XP QlFKVWHQ 7LVFK XQG GDQQ PLW HLQHP %HFKHU DQ GHQ %DFK (EHQVR UDVFKNDP HU ]XUFN $UW 'LOORQ WUDQN ZLH HLQ 9HUGXUVWHQGHU OLH GDQQ GDV *HIl HLQIDFK IDOOHQ XQG VDK ]X GHQ EHLGHQ 5RERWHUQDXI =XHUVW ZDU VHLQ %OLFN QRFK WUEH GRFK GDQQ NOlUWH HU VLFK EDOG XQG HU QLFNWH ODQJVDP ³0D[XQG0RULW]QLFKWZDKU":DVWXWLKUGHQQKLHUXQGZHVKDOEELQLFKVR 9HUGDPPWMHW]WHULQQHUHLFKPLFKZLHGHU,FKKDEHHXFKJHUXIHQDOVKLHUDOOHV GUXQWHU XQG GUEHU JLQJ XQG DXFK PHLQH *HGDQNHQ ]X HQWJOHLVHQ EHJDQQHQ 'RFK GD ZDU HV QRFK GXQNHO XQG MHW]W LVW VFKRQ ZLHGHU 7DJ ² ZDV LVW LQ]ZLVFKHQJHVFKHKHQ" 0RULW]HUNOlUWHHVLKPVREHKXWVDPZLHP|JOLFKHUZXWHGDHUGLHVHP0DQQ QRFK QLFKW ]XYLHO ]XPXWHQ GXUIWH $Q GHU ELWWHUHQ :DKUKHLW IKUWH MHGRFK NHLQ :HJYRUEHL'LOORQVFKOXFNWH]ZDUVFKZHUGDUDQGRFKHUIDWHVLFKWURW]VHLQHV =XVWDQGVEHUUDVFKHQGVFKQHOO ³,UJHQGZLHKDWMHGHU3ODQHWVHLQH7FNHQPXUPHOWHHU³DEHUJHUDGHYRQ/XUXS KlWWH LFK GDV ]XOHW]W HUZDUWHW +LHU ZDU DOOHV VR UXKLJ XQG IULHGOLFK ZLH LP %LOGHUEXFKPHLQHQ(UIDKUXQJHQQDFKKlWWHHVNDXPbUJHUJHEHQGUIHQ'RFK GHU 7HXIHO VWHFNW EHNDQQWOLFK LPPHU LP 'HWDLO XQG LQ GLHVHP )DOO LQ HLQHU VFKHLQEDUYROONRPPHQKDUPORVHQ)UXFKW ³(QWVFKXOGLJHQ 6LH GD LFK 6LH NRUULJLHUH 6LU EHPHUNWH 0D[ ³(LQHQ VRJHQDQQWHQ7HXIHOJLEWHVJDUQLFKWZLUNOLFKHULVWQXUHLQHILNWLYH)LJXUDOVR NDQQHUDXFKQLUJHQGV ³+|UDXIGDPLWEHLP6DWDQVFKQDX]WH$UW'LOORQ³GDVZHLLFKGRFKVHOEVW +LOIPLUOLHEHUDXIGDPLWLFK]XGHQ/HXWHQJHKHQXQGVHOEVWVHKHQNDQQZLHHV XPVLHVWHKW 'HU 5RERWHU JHKRUFKWH DEHU VRIRUW ZXUGH $UW ZLHGHU VFKZDU] YRU GHQ $XJHQ XQGVHLQH.QLHNQLFNWHQHLQ0RULW]JULIIUDVFKPLW]XXQGKLHOWLKQDXIUHFKWHV GDXHUWHIDVWHLQH0LQXWHELVGLHVHU6FKZlFKHDQIDOOYRUEHUZDU'DQQIKUWHQ LKQ GLH EHLGHQ KLQEHU ]XP .DSLWlQ GHU LKP PLW OHHUHQ $XJHQ UHJXQJVORV HQWJHJHQVDK
³:LHIKOHQ6LHVLFK-RKQ"IUDJWHHUGLHVHQ 7DVKQHUV +lQGH IXKUHQ ]LHOORV EHU GHQ 7LVFK EHU VHLQ *HVLFKW IORJ HLQ XQNRQWUROOLHUWHV=XFNHQ³)KOHQ"IUDJWHHUGDQQODQJVDPXQGPRQRWRQ]XUFN ³:HLQLFKW%DXFKWXWZHK+XQJHU (V ZDU GDV 9RNDEXODU HLQHV *HLVWHVVFKZDFKHQ DXI GLH SULPLWLYVWHQ %HJULIIH UHGX]LHUW XQG QXQ EHJULII GHU DOWH 3URVSHNWRU HUVW YROO GHQ JDQ]HQ 8PIDQJ GLHVHU.DWDVWURSKH(LQ%OLFNLQGLH5XQGHEHZLHVGDHVXPGLHDQGHUHQQLFKW EHVVHUVWDQGHUZDUGHUHLQ]LJH*HVXQGHXQWHUGHELOJHZRUGHQHQ0HQVFKHQ =XPLQGHVW JHLVWLJ JHVXQG HU KDWWH ZHQLJHU JHWUXQNHQ XQG QLFKW YRQ GHQ )UFKWHQ JHJHVVHQ GLH LQ GHU %RZOH VFKZDPPHQ ZLH DOOH DQGHUHQ ,Q GLHVHU +LQVLFKW ZDU HU DOVR QRFK GDYRQJHNRPPHQ GRFK GDIU ZDU VHLQH N|USHUOLFKH 9HUIDVVXQJ XP VR VFKOHFKWHU WURW] GHV 6WLPXODQV (U OLH VLFK LQ HLQHQ OHHUHQ 6WXKOIDOOHQVHLQ+HU]VFKOXJZLHUDVHQGEHJDQQGDQQSO|W]OLFK]XVWRFNHQXQG VHW]WHIUHLQHQ0RPHQWJDQ]DXV $UW'LOORQJULIIVLFKDQGLH%UXVWXQGElXPWHVLFKDXIVHLQ$WHPJLQJU|FKHOQG XQGVHLQH/LSSHQZXUGHQEODX'LH5RERWVKDWWHQLKQMHGRFKLP$XJHEHKDOWHQ GHXWHWHQ GLH 6\PSWRPH ULFKWLJ XQG JULIIHQ VRIRUW HLQ 0D[ KLHOW GHQ 3DWLHQWHQ IHVW 0RULW] EUDFKWH HLQH 6SULW]DPSXOOH ]XP 9RUVFKHLQ XQG SUHWH VLH JHJHQ GHVVHQ +DOV 'DV 6WURSKDQWLQSUlSDUDW KDOI LQ NU]HVWHU =HLW 'LOORQV +HU] NDP ZLHGHU LQ %HZHJXQJ XQG VFKOXJ QXQ JOHLFKPlLJ $XFK VRQVW HUKROWH HU VLFK KDOEZHJV ZLHGHU HU OHKQWH VLFK ]XUFN VFKWWHOWH GHQ .RSI XQG ODFKWH GDQQ NXU]XQGELWWHUDXI ³,FKKDEHVFKRQYLHOHVHUOHEWDEHUGDVKLHUVFKOlJWDOOH5HNRUGHPXUPHOWHHU GHSULPLHUW³(LQ+DOEWRWHUGHUIUIDVWQHXQ]LJ/HXWHVRUJHQPXGLHVLFKVHOEVW QLFKW KHOIHQ N|QQHQ 'DV NDQQ HLQIDFK QLFKW JXWJHKHQ EHU NXU] RGHU ODQJ NODSSHLFK]XVDPPHQXQGZDVGDQQ"9HUVXFKHQPXLFKHVWURW]GHP ³6LH KDEHQ MD DXFK QRFK XQV 6LU EHPHUNWH 0D[ ODNRQLVFK $UW YHU]RJ LP HUVWHQ0RPHQWGDV*HVLFKWGRFKGDQQQLFNWHHU ³2ND\LKUZHUGHWHXFKQXUGDUDQJHZ|KQHQPVVHQYRQMHW]WDEYLHOH'LQJH]X WXQ GLH QLFKW LQ HXUHP 3URJUDPP HQWKDOWHQ VLQG +LHU JOHLFK GLH HUVWH hEXQJ EHJHEWHXFKLQV.FKHQ]HOWUXIWDXVGHU$XWRPDWLN)UKVWFNIU3HUVRQHQ DEXQGEULQJWHVKHUDXV6SlWHUVHKHQZLUGDQQZHLWHU 'LH 5RERWHU JHKRUFKWHQ XQG HUVFKLHQHQ ]HKQ 0LQXWHQ VSlWHU PLW GHQ HUVWHQ ]ZDQ]LJ 3RUWLRQHQ %HL GLHVHP $QEOLFN NDP SO|W]OLFK /HEHQ LQ GLH DSDWKLVFK GDVLW]HQGHQ 0HQVFKHQ LKU *HLVW ZDU ]ZDU UHGX]LHUW GRFK GLH HOHPHQWDUHQ ,QVWLQNWH ZDUHQ JHEOLHEHQ 6LH PDFKWHQ $QVWDOWHQ DXI]XVSULQJHQ XQG VLFK DXI GLH 1DKUXQJ ]X VWU]HQ 'LOORQ EHJULII GDV UHFKW]HLWLJ XQG EUOOWH ³6LW]HQEOHLEHQDOOH 'DVZLUNWHGLH)UDXHQXQG0lQQHUGXFNWHQVLFKXQGZDUWHWHQJHGXOGLJELVVLH LKU(VVHQHUKLHOWHQ6RYLHOYHUVWHKHQVLHLPPHUKLQQRFKGDFKWH'LOORQHLQIDFKH %HIHKOH NRPPHQ EHL LKQHQ DQ 'DQQ VDK HU HUVFKWWHUW ZLH GLH 0HQVFKHQ GLH )HUWLJSDFNXQJHQ DXIULVVHQ XQG ZDKOORV DOOHV LQ VLFK KLQHLQVWRSIWHQ ZLH 7LHUH 'DVGlPSIWHVHLQHQ]DJKDIWHQ2SWLPLVPXVZLHGHUXQGLKPZDUNODUZDVLQGHU =XNXQIWQRFKDOOHVDXILKQ]XNRPPHQZUGH
(UIKOWHDEHUDXFKGDHUQLFKWPHKUODQJH]XOHEHQKDWWHGHU+HU]DQIDOOZDU HLQHGHXWOLFKH:DUQXQJJHZHVHQ 'DV *LIW KDWWH ]ZDU VHLQ *HKLUQ YHUVFKRQWGDIUDEHURIIHQEDUGDVPRWRULVFKH 1HUYHQV\VWHP DQJHJULIIHQ 6LFKHU GDJHJHQ OLH VLFK HLQH =HLWODQJ PLW 0HGLNDPHQWHQ DQJHKHQ MHGRFK QLFKW DXI 'DXHU XQG GLH 0HGRURERWV NRQQWHQ QLFKWVWlQGLJLQVHLQHU1lKHVHLQ(LQHV7DJHVZUGHHU]XVDPPHQEUHFKHQXQG VWHUEHQ XQG ZDV JHVFKDK GDQQ PLW GHQ RKQH )KUXQJ YROONRPPHQ KLOIORVHQ /HXWHQ" 6LH PXWHQ DXI /XUXS ,, EOHLEHQ HWZDV DQGHUHV ZDU QLFKW GULQ 'HU IUKHUH 3URVSHNWRU YHUVWDQG ZRKO YLHO YRQ %RGHQVFKlW]HQ GRFK HU NRQQWH NHLQ 5DXPVFKLIIVWHXHUQXQGGLH5RERWVHEHQIDOOVQLFKW'LH%HVDW]XQJGHU63$&( 6:$//2: DQ GLH *HUlWH ]X ODVVHQ ZlUH GHP NROOHNWLYHQ 6HOEVWPRUG JOHLFKJHNRPPHQ ² LKU MHW]LJHU ,4 VWDQG LP EHVWHQ )DOO ]ZLVFKHQ XQG XQGGDVUHLFKWHK|FKVWHQVQRFK]XU+DQGKDEXQJHLQIDFKVWHU:HUN]HXJHDXV ³,KU )UKVWFN 6LU VDJWH 0D[ 'LOORQ QDKP HV HQWJHJHQ XQG D UHLQ PHFKDQLVFK 6HLQ *HKLUQ DEHU DUEHLWHWH ZHLWHU VFKlW]WH GLH *HJHEHQKHLWHQ DXI /XUXS DE XQG VXFKWH QDFK HLQHU HLQLJHUPDHQ EUDXFKEDUHQ /|VXQJ IU HLQ IDVW XQO|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lOOHQPLWMHQHUGHU(UGHEHUHLQ'HVKDOE OLHIHQ DXFK ZlKUHQG GHU 1DFKW ]DKOUHLFKH +\SHUIXQNVSUFKH HLQ ZXUGHQ HQWVFKOVVHOWXQGGDQDFKYRQGHQOHLWHQGHQ3HUVRQHQJHOHVHQXQGHQWVSUHFKHQG LKUHU:HUWLJNHLWLQYHUVFKLHGHQH.DWHJRULHQHLQJHVWXIW 9LHOHVGDYRQZDUUHODWLYXQEHGHXWHQGZXUGHDQXQWHUH,QVWDQ]HQZHLWHUJHOHLWHW XQG GRUW EHDUEHLWHW 1XU ZLUNOLFK ZLFKWLJH ,QIRV GLH GLUHNW GDV :RKO GHV 6RODUHQ ,PSHULXPV EHUKUWHQ ODQGHWHQ VFKOLHOLFK DXI GHP 6FKUHLEWLVFK GHV *URDGPLQLVWUDWRUV ,KUH$Q]DKOQDKPMHGRFKLQOHW]WHU=HLWODXIHQG]XGHQQHVJlUWHEHUDOOLQGHU 0LOFKVWUDH (LQH JURH =DKO YRQ IUKHUHQ .RORQLHQ GHU (UGH KDWWH VLFK YRQ GLHVHU ORVJHVDJW YHUIROJWH QXQ QXU QRFK HLJHQH ,QWHUHVVHQ XQG VFKOR VLFK ]X VHSDUDWHQ PHKU RGHU ZHQLJHU IHVWHQ 6WDDWHQEQGHQ ]XVDPPHQ 9RQ GLHVHQ ZDUHQQXUZHQLJHQHXWUDOGLHPHLVWHQXQGDXFKJU|WHQVWHOOWHQVLFKPHKURGHU ZHQLJHURIIHQJHJHQGDV6RODUH,PSHULXP :LUNOLFK HUQVWH =ZLVFKHQIlOOH GLH HLQHQ LQWHUVWHOODUHQ .ULHJ KlWWHQ DXVO|VHQ
N|QQHQ JDE HV ]XP *OFN ELVKHU QRFK QLFKW 'DIU MHGRFK HLQH 9LHO]DKO YRQ NOHLQHUHQ :LGULJNHLWHQ PHLVW QLFKW YLHO PHKU DOV 1DGHOVWLFKH 'RFK GLHVH VXPPLHUWHQ VLFK XQG HU]HXJWHQ ODXIHQG QHXH :XQGHQ GLH DXI GLH 'DXHU XQDQJHQHKPVFKPHU]WHQ ,Q GHU YHUJDQJHQHQ 1DFKW VFKLHQ ZLHGHU HLQLJHV GD]XJHNRPPHQ ]X VHLQ GLH $Q]DKOGHU)ROLHQZDUDXIIDOOHQGJUR5KRGDQ]XFNWHPLWGHQ6FKXOWHUQWDVWHWH VLFKDP*HWUlQNHVSHQGHUHLQHQ0RNNDXQGEHJDEVLFKGDPLW]XP6FKUHLEWLVFK (U EHJDQQ ]X OHVHQ QLSSWHDEXQG]XIDVWDXWRPDWLVFKDQGHU7DVVHXQGVHLQH 0LHQHYHUGVWHUWHVLFKLPPHUPHKU ,P %HUHLFK GHV &DUVXDOVFKHQ %XQGHV ZDUHQ VLHEHQ WHUUDQLVFKH +DQGHOVVFKLIIH YRQ .DPSIUDXPHUQ DXIJHEUDFKW XQG ]XU /DQGXQJ DXI HLQHP VHLQHU 3ODQHWHQ JH]ZXQJHQ ZRUGHQ 'RUW KDWWH PDQ GLH /DGXQJ DOV .RQWHUEDQGH HUNOlUW GLH %HVDW]XQJHQ IHVWJHVHW]W XQG XQWHU 'URJHQHLQZLUNXQJ ]X IDOVFKHQ $XVVDJHQ JH]ZXQJHQ $XI GLHVH SRFKWH PDQ QXQ XQG YHUODQJWH YRQ 7HUUD HLQH $XVO|VHVXPPH GLH PHKU DOV HLQH 0LOOLDUGH 6RODU EHWUXJ :XUGH GLHVH QLFKW JH]DKOW ZDU HLQ 3UR]H YRU GHP *DODNWLVFKHQ *HULFKWVKRI GLH XQZHLJHUOLFKH )ROJH XQG ZHQQ HU GXUFK DOOH ,QVWDQ]HQ JLQJ YHUJLQJHQ GDUEHU -DKUH 8QG VRODQJHEOLHEHQGLHXQVFKXOGLJHQ5DXPIDKUHULQ*HIDQJHQVFKDIW :DVZDU]XWXQ" =DKOWH 7HUUD GLH $XVO|VH ZXUGH DOO GLHV YHUPLHGHQ DEHU GLH XQJHUHFKWH )RUGHUXQJ GH IDFWR DQHUNDQQW 'DUDXI NRQQWH &DUVXDO VLFK VSlWHU EHUXIHQ XQG QHXHhEHUJULIIHYRUQHKPHQ²ZDUHVQXQNOJHUDXIGHQQDFKWHLOLJHQ+DQGHO HLQ]XJHKHQRGHUDXIHLQ*HULFKWVXUWHLO]XZDUWHQGDVRKQHKLQXQJHZLZDU" 3HUU\ 5KRGDQ EHVD DXV IUKHUHQ =HLWHQ GHQ IDVW OHJHQGlUHQ 5XI HLQ ³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lFKVWHYRU (LQH QHXH +LREVERWVFKDIW GLHVPDO YRQ (UWUXV GHP 3ODQHWHQ GHU 8PZHOWDQJHSDWHQGLHHLQVWVHLQHEHVWHQ)UHXQGHJHZHVHQZDUHQ'RFKGDVODJ VFKRQODQJH]XUFNMHW]WJLQJHQDXFKVLHHLJHQH:HJHGLH=HLWDOVHLQ0HOEDU .DVRP PLW GHP ZLQ]LJHQ 6LJDQHVHQ /HP\ 'DQJHU LQ GHU 862 HLQ IDVW XQVFKODJEDUHV7HDPJHELOGHWKDWWHZDUQXUQRFK+LVWRULH-HW]WYHUOHXJQHWHQGLH HUWUXVLVFKHQ 5LHVHQ LKUH $EVWDPPXQJ XQG QXQ ZDUHQ VLH VRJDU VR ZHLW JHJDQJHQ 5KRGDQ KDWWH VLFK VR VHKU LQ GLH 5HPLQLV]HQ]HQ XQG GDV MHW]LJH *HVFKHKHQ
YHUWLHIWGDLKPGDV6LJQDOGHV7UVXPPHUVJDQ]HQWJDQJHQZDU1XQIXKUHU KRFK GHQQ GLH 7U JOLWW DXI XQG $WODQ EHWUDW GHQ 5DXP GHU UXQG HOIWDXVHQG -DKUHDOWH$UNRQLGHXQGHLQVWLJH.ULVWDOOSULQ]GHV*URHQ,PSHULXPV1XQZDU HU QHEHQ 5HJLQDOG %XOO 3HUU\V EHVWHU )UHXQG XQG /RUGDGPLUDO XQG &KHI GHU 81,7('67$5625*$1,6$7,21NXU]862JHQDQQW ³:HVKDOEVRVFKUHFNKDIW3HUU\"IUDJWHHUOlFKHOQGZXUGHDEHUVRJOHLFKZLHGHU HUQVW³$KMHW]WYHUVWHKHLFKZHQQLFKGHLQH0LHQHVHKHXQGLQ%H]LHKXQJ]X GLHVHQ)ROLHQEULQJHOLHJHLFKMDZRKONDXPVFKLHI ³*XWHQ 0RUJHQ $UNRQLGHQKlXSWOLQJ JDE 3HUU\ ]XUFN XQG WUDQN GHQ OlQJVW NDOWJHZRUGHQHQ0RNNDDXV³/HLGHUKDVWGXQXU]XUHFKW=ZDUEUHQQWHVQRFK QLUJHQGV KHOO GRFK HV VFKZHOW DQ DOOHQ (QGHQ XQG XQVHUH OLHEHQ )HLQGH EHQ VLFKGDULQUHFKWNUlIWLJ]XEODVHQ ³:HPVDJVWGXGDV%DUEDUHQKlXSWOLQJVHXI]WH$WODQVFKHQNWHVLFKJOHLFKIDOOV HLQHQ .DIIHH HLQ XQG QDKP 3ODW] ³(LQ JURHU 7HLO GLHVHU +LREVERWVFKDIWHQ ODQGHW DOV .RSLH EHL PLU XQG GDQHEHQ DXFK QRFK 'LUHNWEHULFKWH PHLQHU $JHQWHQ'D]XJHK|UWDXFKGHUEHUGHQQHXHVWHQ6FKDFK]XJ'DEULIDV,FKKDEH LKQ HEHQ EHNRPPHQ XQG PLFK JOHLFK DXI GHQ :HJ JHPDFKW XP GLFK ]X XQWHUUULFKWHQ ³1LFKWPHKUQ|WLJLFKZHLHVVFKRQDXVDQGHUHU4XHOOHPHLQWH5KRGDQXQG KRE GLH )ROLH GLH HU HEHQ VWXGLHUW KDWWH ³'X PHLQVW GRFK ZRKO GDV *HKHLPDENRPPHQGDV&DUVXDOPLW1RUPRQJHVFKORVVHQKDWQLFKWZDKU" 'HU /RUGDGPLUDO QLFNWH ³2ND\ GDQQ NDQQ LFK PLU DOVR HLQH ODQJH (UNOlUXQJ VSDUHQ 9HUGDPPW 3HUU\ ELVKHU ZDU GLH /DJH VFKRQ HUQVW GRFK QXQ ZLUG VLH NULWLVFK (UWUXV XQG 'DEULID ZROOHQ HLQ JHPHLQVDPHV 2EHUNRPPDQGR EHU GLH 5DXPVWUHLWNUlIWHHLQULFKWHQXQGHLQHVROFKH0DQDKPHNDQQORJLVFKHUZHLVHQXU JHJHQ7HUUDJHULFKWHWVHLQ ³6WLPPW $OWHU DEHU YHUPXWOLFK LVW HV QXU GHU HUVWH 6FKULWW LQ HLQHU QRFK ZHLWHUJHKHQGHQ 3ODQXQJ 'HU QlFKVWH GUIWH VHLQ GD EHLGH 5HLFKH GLH =HQWUDOJDODNWLVFKH 8QLRQ GD]X EULQJHQ VLFK GHP *HKHLPEQGQLV DQ]XVFKOLHHQ6LHLVWGLHGULWWVWlUNVWH.UDIWLP5HLJHQGHUDEWUQQLJHQ:HOWHQ XQGZHQQVLHPLW]LHKWZHUGHQDXFKGLH.OHLQHQ0XWEHNRPPHQXQGGDVJOHLFKH WXQ 6LFKHU GDV JHKW QLFKW YRQ KHXWH DXI PRUJHQ ZDKUVFKHLQOLFK ZLUG HV -DKU]HKQWH GDXHUQ ELV HV VRZHLW LVW GRFK GDQQ VLQG ZLU YRQ DOOHQ 6HLWHQ HLQJHNHVVHOW $WODQVFKOXJPLWGHU)DXVWDXIGHQ6FKUHLEWLVFK ³8QGGDVVDJVWGXVRUXKLJ"HPS|UWHHUVLFK³0DQQGDVLVWQLFKWQXULUJHQGHLQ IHUQHV:HWWHUOHXFKWHQGLHVHV*HZLWWHU]LHKWVLFKVR]XVDJHQGLUHNWLP9RUJDUWHQ GHV 6RODUHQ ,PSHULXPV ]XVDPPHQ 'DEULID KDW LP OHW]WHQ -DKUKXQGHUW ODXIHQG QHXH:HOWHQJHVFKOXFNWMHW]WVLQGHVVFKRQUXQGVHFKVKXQGHUWXQGGLHQlFKVWHQ VLQG QXU HWZD /LFKWMDKUH YRQ GHU (UGH HQWIHUQW 0HKU QRFK ELV ]XP QlFKVWHQXQVHUHU3ODQHWHQVLQGHVVRJDUZHQLJHUDOV]ZHLKXQGHUW/LFKWMDKUH ³5HJ GLFK ZLHGHU DE HPSIDKO LKP GHU *URDGPLQLVWUDWRU ³GDV LVW PLU DOOHV NODU'LHVH=RQHZLUGVLFKZRKOVRJDUQRFKZHLWHUYHUNOHLQHUQLPVRJHQDQQWHQ 1LHPDQGVODQG OLHJHQ LQVJHVDPW YLHU]LJ ORVH LQ HLQHU .RDOLWLRQ YHUEXQGHQH
0LQLUHLFKHQDFKGHQHQPDQVLFKDXI1RUPRQEHUHLWVGLH)LQJHUOHFNHQZLUG,FK KDEHLKQHQVFKRQYRUOlQJHUHU=HLWDQJHERWHQVLFKZLHGHUXQWHUXQVHUHQ6FKXW] ]XVWHOOHQOHLGHUDEHULPPHURKQH(UIROJ 'HU&KHIGHU862VFKWWHOWHYHU]ZHLIHOWGHQ.RSI ³'HLQH )ULHGHQVOLHEH LQ (KUHQ GRFK GHU =ZHFN KHLOLJW EHNDQQWOLFK GLH 0LWWHO HWZDVVDQIWHU'UXFNKlWWHKLHUEHVWLPPW(UIROJJHEUDFKW-DLFKZHLGDGXHV DEOHKQVW GLFK PLW GHQ 'LNWDWRUHQ DXI HLQH 6WXIH ]X VWHOOHQ DEHU LUJHQG HWZDV PXGRFKJHVFKHKHQJHUDGHMHW]WZRGLH(QWZLFNOXQJGHUDUWHVNDOLHUW (LQHODQJH3DXVHWUDWHLQEHLGH0lQQHUEHUOHJWHQDQJHVWUHQJW6LHNDQQWHQVLFK QXQ VFKRQ VHLW IDVW ]Z|OIKXQGHUW -DKUHQ XQG LQ GLHVHU ODQJHQ =HLW KDWWHQ VLH JHPHLQVDPYLHOH.ULVHQJHPHLVWHUW'RFKQXQGURKWHQLKQHQGLH'LQJHDXVGHQ +lQGHQ]XJOHLWHQGDV6RODUH,PSHULXPZDUULQJVXPYRQSRWHQWLHOOHQ*HJQHUQ XPJHEHQ1DFKGHUODQJHQ³1DGHOVWLFKSKDVHEHJDQQHQGLHVHQXQVLFKHUQVWKDIW ]XIRUPLHUHQGDVEHZLHVGLHOHW]WH1DFKULFKW 6FKOLHOLFKVDK$WODQDXIXQGQLFNWHODQJVDP ³:HQQ HV LUJHQGZR VFKZHOW XQG TXDOPW UXIW PDQ JHZ|KQOLFK GLH )HXHUZHKU QLFKW ZDKU" 1XQ PDQ EH]HLFKQHW GLH 862 MD JHUQ DOV GLH *DODNWLVFKH )HXHUZHKU XQGGDLFK]XIlOOLJLKU%UDQGPHLVWHUELQZLOOLFKYRUVRUJOLFKVFKRQ PDOHLQLJH6FKOlXFKHDXVOHJHQ ³:LH XQG ZR" HUNXQGLJWH VLFK 5KRGDQ PLW JHUXQ]HOWHU 6WLUQ GHQQ HU ZXWH GD GHU $UNRQLGH JHUQ HWZDV ULVNLHUWH ³%LWWH NHLQH 8QEHVRQQHQKHLWHQ DOWHU )UHXQGLQGLHVHP)DOO ³1LFKWV LQ GLHVHU $UW EHUXKLJWH $WODQ LKQ ³,FK ZLOO NHLQHQ 3ULYDWNULHJ YRP =DXQ EUHFKHQ VRQGHUQ QXU HWZDV ]XU 6LFKHUXQJ XQVHUHU *UHQ]H JHJHQEHU 'DEULIDWXQ'RUWLP1LHPDQGVODQGJLEWHVEHVWLPPWQRFKHUGlKQOLFKH3ODQHWHQ GLH QLFKW EHVLHGHOW VLQG GLH ZLU DOVR IU XQVHUH =ZHFNH QXW]HQ N|QQHQ ,FK GHQNH GDUDQ DXI GHP HLQHQ |GHU DQGHUHQ JHKHLPH6WW]SXQNWHDQ]XOHJHQYRQ GHQHQ DXV VLFK GLH (QWZLFNOXQJ DQ 2UW XQG 6WHOOH EHREDFKWHQ OlW 9LHOOHLFKW DXFK VXESODQHWDUH 6FKLIIVKDQJDUV JU|HUHQ )RUPDWV GLH GHU 6RODUHQ )ORWWH DOV $EVSUXQJEDVLV GLHQHQ N|QQHQ VRIHUQ HV HLQPDO ]X RIIHQHQ $XVHLQDQGHUVHW]XQJHQNRPPW(LQYHUVWDQGHQ" ³.HLQH (LQZlQGH GLH ,GHH LVW VRJDU VHKU JXW VWLPPWH LKP GHU *URDGPLQLVWUDWRU ]X ³2ND\ QLPP GDV DOVR LQ GLH +DQG LFK ZLOO YHUVXFKHQ GLH'LQJHDXIGLSORPDWLVFKHP:HJVRJXWZLHP|JOLFK]XHQWVFKlUIHQ 'HU/RUGDGPLUDOJULQVWHKXPRUORV ³'X JODXEVW HEHQ LPPHU QRFK DQ GDV *XWH LP 0HQVFKHQ ZLH" /D GLU GLHVHQ =DKQ QXU ]LHKHQ VRQVW ZLUVW GX EDOG HLQH GLFNH %DFNH KDEHQ 'LHVH DXIPSILJHQ %XUVFKHQ VFKHLQHQ DOOH UH]HVVLYH *HQH PLWEHNRPPHQ ]X KDEHQ GDVDOWH%DUEDUHQWXPGHU7HUUDQHUEULFKWEHLLKQHQZLHGHUGXUFK6LHKGDVGRFK HQGOLFKHLQVRQVWZLUVWGXQRFKGHLQEODXHV:XQGHUHUOHEHQ ³'HJHQHULHUWH $UNRQLGHQ VLQG VLH MHGHQIDOOV QLFKW EHPHUNWH 5KRGDQ OHLFKW LURQLVFK XQG IROJWH GDPLW HLQHP DOWHQ 5LWXDO DXV IUKHUHU =HLW ³:DV DEHU EHVDJWH 3ODQHWHQ DQJHKW GD]X ZHQGHVW GX GLFK DP EHVWHQ DQ %XOO\ 'DV IUDJOLFKH*HELHWZXUGHYRUOlQJHUHU=HLWGXUFKGLH([SORUHUIORWWHHUNXQGHWGLH
'DWHQPWHQQRFKLQGHQ$UFKLYVSHLFKHUQ]XILQGHQVHLQ $WODQ QLFNWH WUDQN VHLQHQ .DIIHH DXV XQG YHUDEVFKLHGHWH VLFK 3HUU\ VDK LKP QDFKXQGEHQHLGHWHLKQLPVWLOOHQGHQQGLHVHU0DQQNRQQWHDXFKGRUWHWZDVWXQ ZR LKP VHOEVW GLH +lQGH JHEXQGHQ ZDUHQ 'DQQ JULII HU ZLHGHU ]XP )ROLHQVWDSHOXQGEHUHLWHWHVLFKDXIQHXHVFKOHFKWH1DFKULFKWHQYRU 'HU/RUGDGPLUDOULHIYRPQlFKVWHQ,QWHUNRPDXVGLH=HQWUDOHDQXQGIUDJWHQDFK 5HJLQDOG %XOO 'HU 6WDDWVPDUVFKDOO ZDU LQ VHLQHP %UR $WODQ EHQXW]WH HLQHQ .XU]VWUHFNHQWUDQVPLWWHU XQG WUDI VFKRQ ZHQLJH 6HNXQGHQ VSlWHU LQ GLHVHP 6HNWRUHLQ 'RUW ZDU HU VFKRQ VHLW -DKUHQ QLFKW PHKU JHZHVHQ GDV 3HUVRQDO LQ %XOOV 9RU]LPPHU KDWWH LQ]ZLVFKHQ JHZHFKVHOW ³9ROOPRQG +HQU\ /HPPRQ ZDU HEHQVRLQ3HQVLRQJHJDQJHQZLHGLH6HNUHWlULQ6X]\DQLKUHU6WHOOHVDHQMHW]W XQEHNDQQWH MXQJH /HXWH 6LH VSUDQJHQ DXI XQG JUWHQ VWUDII DOV VLH $WODQ HUNDQQWHQGRFKGLHVHUZLQNWHQXUDEXQGJLQJZRUWORVZHLWHU ,P %UR KDWWH HV VLFK %XOO EHTXHP JHPDFKW VHLQH )H ODJHQ DXI GHU 6FKUHLEWLVFKNDQWHXQGHUTXDOPWHHLQHVHLQHUEHUFKWLJWHQJUQOLFKHQ=LJDUUHQ $OVHUGHQ$UNRQLGHQVDKIORJHLQ*ULQVHQEHUVHLQEUHLWHVVRPPHUVSURVVLJHV *HVLFKW HU ZDUI GHQ 6WXPPHO LQ GHQ $EIDOOWULFKWHU XQG ZHGHOWH GHQ 5DXFK EHLVHLWH ³+DVW GX GLFK YHULUUW RGHU LVW LUJHQGZR GHU 7HXIHO LP %XVFK" HUNXQGLJWH HU VLFK³(LQHVYRQEHLGHQPXHVVFKRQVHLQVRQVWZlUVWGXMHW]WZRKONDXPKLHU $OWHU ³/HW]WHUHV%XOO\JDE$WODQ]XUFNXQGUHLFKWHLKPGLH+DQG³'HU7HXIHOLVW LP 0RPHQW 6KDOPRQ 'DEULID ZLU KDEHQ YRUKLQ GLH 1DFKULFKW EHNRPPHQ GD HUVLFKKHLPOLFKPLWGHQ5LHVHQYRQ(UWUXVYHUEQGHWKDW+DVWGXQRFKQLFKWV GDYRQJHK|UW" ³.HLQH 6LOEH VDJWH GHU 0DUVFKDOO SHUSOH[ QDKP GLH %HLQH YRP 7LVFK XQG VHW]WH VLFK UXFNDUWLJ DXI ³9HUGDPPW GDV LVW HLQ HFKWHU +DPPHU :HL 3HUU\ VFKRQGDYRQ" $WODQ QLFNWH VHW]WH VLFK XQG XQWHUULFKWHWH LKQ PLW NQDSSHQ :RUWHQ 5HJLQDOG %XOO VFKQDXIWH HLQLJH 0DOH XQZLOOLJ DXI ZDUWHWH MHGRFK GDV (QGH VHLQHU 6FKLOGHUXQJDEGDQQDEHUH[SORGLHUWHHUI|UPOLFK ³'LHVHV YHUGDPPWH *HVLQGHO HPS|UWH HU VLFK ³,FK KDEH 3HUU\ VFKRQ LPPHU JHZDUQWXQGLKPJHUDWHQHLQHQ+DQGVWUHLFKJHJHQ1RVPR]XIKUHQ'DEULIDOD ]X EHVHW]HQ XQG GHQ 'LNWDWRU ]X HQWPDFKWHQ (U ZROOWH MHGRFK QLFKW DXI PLFK K|UHQZHLOGDVHLQ9HUVWRJHJHQGDVLQWHUJDODNWLVFKH5HFKWJHZHVHQZlUH² GDVKDWHUQXQGDYRQ 'HU/RUGDGPLUDOZLQNWHDE ³9RQ VHLQHU :DUWH DXV KDWWH HU UHFKW GHQQ GDV KlWWH DOOHDQGHUHQ 9|ONHU QRFK PHKU JHJHQ 7HUUD DXIJHEUDFKW 9HUJL HV DOVR MHW]W PVVHQ ZLU YHUVXFKHQ XQVHUH 3RVLWLRQ VR ZHLW ]X YHUEHVVHUQ ZLH HV HEHQ JHKW ,FK KDEH HLQHQ 3ODQ 3HUU\JHKWGDPLWNRQIRUPDEHUGXPXWPLUGDEHL+LOIHVWHOOXQJOHLVWHQ ³,VWXQEHVHKHQDN]HSWLHUWHUNOlUWH%XOO\XQGVWHFNWHVLFKHLQHQHXH=LJDUUHDQ ³+HUDXVGDPLWLFKELQ]XMHGHU6FKDQGWDWEHUHLWZHQQVLHQXUGHU(UGHGLHQW
$WODQOlFKHOWHYHUKDOWHQ ³9HUPXWOLFK PX LFK GLFK MHW]W HQWWlXVFKHQ GHQQ PHLQ 9HUODQJHQ LVW DOOHV DQGHUH DOV VSHNWDNXOlU ,FK EHDEVLFKWLJH OHGLJOLFK LP 1LHPDQGVODQG ]ZLVFKHQ GHP 6RODUHQ ,PSHULXP XQG GHP YRQ 'DEULID XQEHPHUNW ZHQLJVWHQV HLQHQ 6WW]SXQNWHUULFKWHQEHVVHUPHKUHUH'HVKDOEEUDXFKHLFKGLH.RRUGLQDWHQYRQ JHHLJQHWHQ3ODQHWHQPLW6DXHUVWRIIDWPRVSKlUHGLHIUKHUYRQGHU([SORUHUIORWWH HUNXQGHWDEHUQLFKWEHVLHGHOWZXUGHQ 'HU0DUVFKDOONUDW]WHVLFKKLQWHUP2KU ³2ND\ GLH NDQQVW GX QDWUOLFK KDEHQ QXU ZLUG HV GDPLW HLQLJH =HLW GDXHUQ +HXWHZHLQLHPDQGPHKUZLHODQJHGLHV]XUFNOLHJWXQGHUVWUHFKWQLFKWZR GLH 'DWHQ JHVSHLFKHUW VLQG DOVR ZHUGHQ XQVHUH /HXWH VlPWOLFKH $UFKLYH GXUFKIRUVWHQ PVVHQ )UKHVWHQV PRUJHQ GHQNH LFK ZDKUVFKHLQOLFK ZLUG HV DEHUOlQJHUGDXHUQ ³'DVPDFKWQLFKWVZLQNWHGHU862&KHIDE³VRVHKUHLOWHVPLUQLFKWGDPLW -HW]W PVVHQ ZLU HUVW HLQPDO 3OlQH HQWZHUIHQ VFKRQ GDV ZLUG 0RQDWH GDXHUQ XQGGLHSUDNWLVFKHQ9RUEHUHLWXQJHQQRFKYLHOOlQJHU$XIHLQSDDU7DJHNRPPW HVGDNDXPDQ]XPDOXQVHUH*HJQHUMDDXFKQLFKWKH[HQN|QQHQ6LHKDEHQGDV $ENRPPHQ HEHQ HUVW JHVFKORVVHQ XQG LFK ZHL DXV (UIDKUXQJ ZHOFKH .RPSOLNDWLRQHQVLFKHUJHEHQHKHHVZLUNVDPZHUGHQNDQQ ³$XFK ZLHGHU ULFKWLJ VWLPPWH %XOO LKP ]X ³GDUEHU ZHUGHQ ZRKO -DKUH YHUJHKHQ 'RFK =HLW VSLHOW IU 'DEULID 6KLOWHU XQG .RQVRUWHQ MD NHLQH 5ROOH GDQNLKUHUJHNODXWHQ=HOODNWLYDWRUHQVLQGVLHMDDXFKUHODWLYXQVWHUEOLFK'XKDVW DOVR JXWH $XVVLFKWHQ PLW GHU (LQULFKWXQJ GHLQHU 6WDWLRQ YRUKHU IHUWLJ ]X VHLQ XQGGDVLVWZHQLJVWHQVHLQNOHLQHU7URVW $WODQERJGHQ.RSI]XU6HLWHXPHLQHU5DXFKVFKZDGH]XHQWJHKHQGDQQQLFNWH HU ³1RFK HLQH %LWWH %XOO\ 'LH 'DWHQ DOOHLQ QW]HQ PLU QLFKW YLHO LFK KDEH LP 0RPHQWNHLQH6FKLIIHIUHLGLHLFKKLQVFKLFNHQN|QQWH/lWHVVLFKPDFKHQGD GXHLQSDDU(;5DXPHULQ0DUVFKVHW]WXPGLHEHWUHIIHQGHQ:HOWHQQRFKPDOV HLQJHKHQG]XHUIRUVFKHQPLWGHUJHEKUHQGHQ9RUVLFKWQDWUOLFK" 5HJLQDOG%XOOJULQVWHVlXHUOLFK ³6REOHLEWGHU6FKZDU]H3HWHUZLHGHUHLQPDOEHLPLUKlQJHQ'RFKGDUDQELQLFK LQ]ZLVFKHQ MD JHZ|KQW XQG VFKOLHOLFK JHKW HV KLHU XP HLQH JDQ]H 0HQJH IU GDV 6RODUH ,PSHULXP 2ND\ LFK ZHUGH PLU GLH .RRUGLQDWHQ ]XQlFKVW HLQPDO VHOEVW DQVHKHQ XQG DXI LKUH VWUDWHJLVFKH /DJH KLQ SUIHQ DXI GLH /DJH GHU 3ODQHWHQ PHLQH LFK XQG GDQDFK MDJH LFKGDQQHLQSDDUPHLQHU6SUKXQGHORV :HQQ LFK GLH (UJHEQLVVH KDEH ZHUIH LFK VLH GLU UEHU GDPLW GX ORVOHJHQ NDQQVW ³'DQNH5RWNRSIVDJWHGHU/RUGDGPLUDOVWDQGDXIXQGOlFKHOWH]XIULHGHQ³,FK ZHUGH3HUU\HQWVSUHFKHQGXQWHUULFKWHQGDPLWHUZLHGHUPDOHLQHKDOEZHJVDQJH QHKPH 1DFKULFKW HUKlOW $OVR DXI HLQ DQGHUPDO ² KRIIHQWOLFK KDVW GX GLU ELV GDKLQGDV5DXFKHQDEJHZ|KQWGLHVHVJUQH.UDXWVWLQNWZLUNOLFKDEVFKHXOLFK ³'X KDVW JXW UHGHQ VHXI]WH %XOO\ ³'DV KDEH LFK VFKRQ PHKUPDOV YHUVXFKW DEHUGDUDXIKLQVWHLJHUWHVLFKDXFKSURPSWPHLQ$SSHWLWXQGLQQHUKDOEZHQLJHU
7DJH KDWWH LFK ZLHGHU HLQ SDDU .LOR ]XYLHO 'DV ZDU QDWUOLFK IU *XFN\ HLQ ZLOONRPPHQHU $QOD PLFK DXI]X]LHKHQ XQG EHL MHGHU *HOHJHQKHLW 'LFNHU ]X QHQQHQXQGZHOFKHUYHUQQIWLJH0HQVFKHUWUlJWGDVVFKRQDXIGLH'DXHU 'UHL 7DJH VSlWHU ZDUHQ VHFKV ([SORUHUVFKLIIH ]X GHP IUDJOLFKHQ 5DXPVHNWRU XQWHUZHJV 'LH /HXWH DQ GHQ $UFKLYFRPSXWHUQ KDWWH JXWH $UEHLW JHOHLVWHW XQG LQVJHVDPW YLHUXQGGUHLLJ 3ODQHWHQ HUPLWWHOW GLH IU $WODQV %HODQJH LQ )UDJH NDPHQ 5HJLQDOG %XOO KDWWH VLH VHOHNWLHUW XQG IDVW ]ZHL 'ULWWHO ZLHGHU YRQ GHU /LVWH VWUHLFKHQ PVVHQ ZHLO LKUH /DJH VWUDWHJLVFK XQJQVWLJ ZDU 1XU ]Z|OI ZDUHQ JHEOLHEHQXQGEHLHLQHPGDYRQJDEHVHLQHQEHVRQGHUHQ9HUPHUN 'LHVHU EHVDJWH GD GLH 'DWHQ EHU LKQ YRU PHKU DOV -DKUHQ VFKRQ HLQPDO DEJHUXIHQZRUGHQZDUHQ]HKQ-DKUHQDFKGHUHUVWHQ(UNXQGXQJ:HUVLHGDPDOV YHUODQJW KDWWH OLH VLFK MHGRFK QLFKW PHKU IHVWVWHOOHQ XQG %XOO\ PDFKWH VLFK GHVZHJHQ DXFK NDXP *HGDQNHQ (U VDQGWH VHFKV 6FKLIIH DXV MHGHV PLW GHP $XIWUDJ ]ZHL GLHVHU :HOWHQ HLQJHKHQG ]X HUIRUVFKHQ DEHU VRIRUW ZLHGHU ]X YHUVFKZLQGHQ IDOOV VLFK 5DXPHU GHV ,PSHULXPV 'DEULID LQ GHU 1lKH VHKHQ ODVVHQVROOWHQ 'LH (; JOLWW DXV GHP /LQHDUUDXP HLQ OHLFKWHU .UHX]HU GHU 6WlGWHNODVVH PLWHLQHP%HVFKOHXQLJXQJVYHUP|JHQYRQNPVHN,KUH%HVDW]XQJEHVWDQG QXU]XU+lOIWHDXV6ROGDWHQDOOHEULJHQZDUHQ7HFKQLNHUXQG:LVVHQVFKDIWOHU GHUHQ6SH]LDOLWlWGLH(UNXQGXQJXQEHNDQQWHU3ODQHWHQV\VWHPHZDU 'LHVPDO KDWWHQ VLH HV OHLFKWHU DOV VRQVW GHQQ LKU =LHOSODQHW ODJ IHVW XQG GLH *UREGDWHQEHULKQHEHQIDOOV'RFKGLHVHZDUHQYLHOOHLFKWOlQJVWEHUKROWXQG LQGLHVHP)DOOJDOWHVEHVRQGHUVH[DNWH$UEHLW]XOHLVWHQ 7URW]GHP ZDU GLHV IU 0DMRU -DQ 3HVFDUR HLQ (LQVDW] ZLH VFKRQ YLHOH DQGHUH ]XYRU 6HLQHLEHULVFKH$EVWDPPXQJZDUQLFKW]XYHUNHQQHQHUZDUQXUPLWWHOJURPLW EUlXQOLFKHP 7HLQW XQG HEHQVROFKHQ $XJHQ HLQHU NKQ YRUVSULQJHQGHQ 1DVH XQG VFKZDU]HP +DDU 'UHL :RFKHQ ]XYRU KDWWH HU VHLQHQ *HEXUWVWDJ JHIHLHUWZDUDOVRQRFKUHODWLYMXQJDEHUVFKRQVHLWDFKW]HKQ-DKUHQ$QJHK|ULJHU GHU ([SORUHUIORWWH =XYRU KDWWH HU VHLQH 'LHQVW]HLW LQ GHU 6RODUHQ )ORWWH DEVROYLHUWHVGDEHLMHGRFKQXU]XP.RUSRUDOJHEUDFKW $XIGHQ(;6FKLIIHQJDOWHQDQGHUH3UlPLVVHQGRUWZDUHQ7DOHQWHPHKUJHIUDJW DOV VWXUH 3IOLFKWHUIOOXQJ 'HVKDOE ZDU HU VRIRUW DOV 2IIL]LHUVDQZlUWHU EHUQRPPHQ ZRUGHQ KDWWH VLFK EHZlKUW XQG GLH /DXIEDKQ HUIROJUHLFK IRUWJHVHW]W-HW]WVWDQGVHLQH%HI|UGHUXQJ]XP2EHUVWGLFKWEHYRUGDVZXWHHU GRFK HV EHGHXWHWH LKP QLFKW YLHO 'DPLW YHUEXQGHQ ZDU XQZHLJHUOLFK GLH hEHUQDKPH HLQHV DQGHUHQ XQG K|KHUHQ 3RVWHQV HU ZlUH MHGRFK OLHEHU .RPPDQGDQWVHLQHUDOWHQ(;JHEOLHEHQ (U IKUWH VLH QXQ VFKRQ VHLW VLHEHQ -DKUHQ GX]WH VLFK PLW IDVW DOOHQ %HVDW]XQJVPLWJOLHGHUQ XQG ZDU EHL LKQHQ EHOLHEW $XFK PLW GHQ 6SH]LDOLVWHQ NDP HU VWHWV EOHQGHQG DXV REZRKO VLH WXUQXVPlLJ RIW ZHFKVHOWHQ GHQ
MHZHLOLJHQ$XIJDEHQDQJHSDW 'LHVPDO ZDU LKU 7HDP ]X PHKU DOV GHU +lOIWH JHZHFKVHOW ZRUGHQ DXI DXVGUFNOLFKH$QRUGQXQJYRQ6WDDWVPDUVFKDOO%XOOZLHHVKLH7HDPOHLWHUZDU QXQ 3URIHVVRU 5DOI 1HXPDQQ HLQ VWlPPLJHU EORQGHU (XURSlHU PLW IQI 'RNWRUWLWHOQLP+DXSWIDFK(]LDOLVW(UZDUQXUZHQLJlOWHUDOVGHU0DMRUGRFK YRQJDQ]DQGHUHU:HVHQVDUWDEHUGLHEHLGHQ0lQQHUYHUVWDQGHQVLFKWURW]GHP YRQ$QIDQJDQJXW 1XQVWDQG1HXPDQQKLQWHU3HVFDURGHUVLFKLP.RSLORWHQVLW]EHIDQGXQGEHLGH VDKHQ ]XP 3DQRUDPDVFKLUP DXI 'DV 6FKLII ZDU GLFKW REHUKDOE GHU (NOLSWLN LQ GHQ1RUPDOUDXP]XUFNJHNHKUWGLH6RQQHGHV6\VWHPVEHIDQGVLFKIDVWJHQDX LP0LWWHOSXQNWXPJHEHQYRQGHQYHUVFKLHGHQIDUELJHQ5HIOH[HQLKUHU3ODQHWHQ 'HU.RPPDQGDQWQDKPGHQ$QEOLFNMHGRFKQXUNXU]LQVLFKDXIGDQQZDQGWHHU VLFKGHP(UVWHQ2IIL]LHU]XXQGEHVWLPPWHNQDSS ³6RIRUW )HUQRUWXQJ HLQVFKDOWHQ XQG GLH 8PJHEXQJ VHKU JUQGOLFK DEVXFKHQ
VDORSS DXVGUFNWH *XW IU 0HQVFKHQ JHHLJQHW DEHU XQEHZRKQW DXFK YRQ (LQJHERUHQHQKDWWHPDQNHLQH6SXUHQHQWGHFNW 5DOI1DXPDQQXQWHUULFKWHWHGHQ.RPPDQGDQWHQXQGGLHVHURUGQHWHGLHEOLFKH DFKWVWQGLJH5XKHSHULRGHDQGDV6FKLIIEOLHEVRODQJHLQGHU8PODXIEDKQ'DQQ QDKP HV ZLHGHU )DKUW DXI ZHFKVHOWH LQ GHQ /LQHDUUDXP EHU XQG OHJWH GLH /LFKWMDKUH]XPQlFKVWHQ=LHOLQNDXPHLQHU0LQXWH]XUFN (LQ QHXHV 6\VWHP PLW HLQHU JHOEHQ 6RQQH HWZDV NOHLQHU DOV 6RO LKU 6SHNWUXP QHLJWH EHUHLWV ]XU .ODVVH . KLQ (UQHXW ZXUGH ]XQlFKVW GLH 8PJHEXQJ DEJHWDVWHWDEHUZLHGHUXPNHLQHYHUGlFKWLJHQ2EMHNWHHQWGHFNWXQG3HVFDURJDE GHQ %HIHKO ]XP $QIOXJ DXI GHQ ]ZHLWHQ 3ODQHWHQ 'RFK VFKRQ HLQH 0LQXWH VSlWHU VWLH GLH )XQNHULQ HLQHQ /DXW GHU hEHUUDVFKXQJ DXV XQG ZLQNWH LKQ ]X VLFK³:DVJLEWHV1DGMD"IUDJWHHUYHUZXQGHUWXQGVLHZLHVDXIGLH$Q]HLJHQ YRUVLFK'RUW]XFNWHQJUQOLFKH$PSOLWXGHQEHUHLQHQ0RQLWRUVLHQDKPGLH .RSIK|UHU DE XQG KLHOW VLH LKP HQWJHJHQ $XV LKQHQ GUDQJGDVXQYHUNHQQEDUH *HUlXVFK PRGXOLHUWHU )XQNVLJQDOH QLFKW VHKUODXWDEHUJXW]XHPSIDQJHQGHU 0DMRU]XFNWH]XVDPPHQXQGVFKWWHOWHXQJOlXELJGHQ.RSI ³'DVVLQG]ZHLIHOORV0RUVH]HLFKHQ²DEHUDXIGLHVHU:HOWOHEWGRFKQLHPDQG NQXUUWHHU³9LHOOHLFKWZXUGHQVLHEHUHLWVYRUODQJHU=HLWYRQHLQHP3ODQHWHQLQ JU|HUHU(QWIHUQXQJDEJHVWUDKOWRGHUYRQHLQHPDQGHUHQ6FKLIIXQGZLUIDQJHQ VLH QXU UHLQ ]XIlOOLJ DXI 'DV OlW VLFK MHGRFK IHVWVWHOOHQ QLPP VRIRUW HLQH 3HLOXQJYRU 'LH)XQNHULQIROJWHVHLQHU$QRUGQXQJSUIWHGDV(UJHEQLVPHKUPDOVQDFKXQG ]XFNWHGDQQPLWGHQ6FKXOWHUQ ³2EGXHVQXQJODXEVWRGHUQLFKWGLHVH6LJQDOHNRPPHQYRQGHP3ODQHWHQGHQ ZLUJHUDGHDQVWHXHUQGDVVWHKWIHVW'HU6HQGHULVW]ZDUQXUVFKZDFKGRFKGHU 5K\WKPXVGHFNWVLFKHLQZDQGIUHLPLWGHPDOWHQWHUUDQLVFKHQ0RUVHDOSKDEHW 1HXPDQQZDUDXIPHUNVDPJHZRUGHQNDPKHUDQXQGIUDJWHNXU]³:DVWXWVLFK KLHU-DQJLEWHV6FKZLHULJNHLWHQ" 3HVFDURKREUDWORVEHLGH+lQGH ³1LFKW GLUHNW DEHU GRFK HWZDV GDV HV HLJHQWOLFK JDU QLFKW JHEHQ GUIWH 5DOI /DXW GHQ $QJDEHQ XQVHUHU $UFKLYH LVW GLHVHU 3ODQHW VHLQHU H[SRQLHUWHQ /DJH ZHJHQ QLFKW NRORQLVLHUW ZRUGHQ XQG GLH &RPSXWHU LUUHQ GDULQ QLH 7URW]GHP HPSIlQJW 1DGMD )XQN]HLFKHQ GLH YRQ GRUW NRPPHQ ² ZDV VROOHQ ZLU QXQ GDYRQKDOWHQ" ³'LH*DOD[LVLVWJURLQLKUJHKWYLHOHVYRUYRQGHPZLUQLFKWVZLVVHQVDJWH GHU3URIHVVRUODNRQLVFK³'DVJLOWDXFKIUXQVHUH3RVLWURQLNHQVLHN|QQHQQXU QDFK GHQ 'DWHQ XUWHLOHQ GLH LKQHQ HLQJHJHEHQ ZHUGHQ PHKU QLFKW .DQQ HV QLFKW VHLQ GD LUJHQGZDQQ KLHU HLQ 6FKLII QRWJHODQGHW LVW YRQ GHP GLHVH =HLFKHQNRPPHQ" 'HU0DMRUVFKQDXIWHNXU]DXIGDQQQLFNWHHUODQJVDP ³0|JOLFK ZlUH HV VFKRQ UlXPWH HU HLQ ³YHUVXFKHQ ZLU DOVR HWZDV 1lKHUHV KHUDXV]XILQGHQ 1DGMD GX KDVW GLH 6LJQDOHMDZRKODXIJH]HLFKQHW²JXWGDQQ EHUVSLHOH VLH MHW]W XQVHUHP &RPSXWHU 'HP VROOWH HV QLFKW VFKZHUIDOOHQLKUHQ 6LQQKHUDXV]XILQGHQXQGGDQQGUIWHQZLUXPHLQLJHVNOJHUVHLQ
1DGMD %HULQNRZD QLFNWH VWHOOWH GLH 9HUELQGXQJ KHU XQG GHU 0DQQ DQ GHU 3RVLWURQLN WLSSWH DXI HLQLJH 6HQVRUHQ hEHU VHLQH $Q]HLJHQ ]XFNWH HLQ %OLQNIHXHU EXQWHU /LFKWHU KLQ HUORVFK DEHU VFKRQ QDFK ZHQLJHQ 6HNXQGHQ ZLHGHUXQGGLH9RFRGHUVWLPPHGHV5HFKQHUVHUNOlUWHUXKLJ ³'LHVH6LJQDOHPVVHQYRQHLQHP5DXPHUGHV6RODUHQ,PSHULXPVVWDPPHQVLH HQWVSUHFKHQGHQ0RUVH]HLFKHQGLHDXIYLHOHQ:HOWHQYHUZHQGHWZHUGHQ(VLVW PLUMHGRFKQLFKWP|JOLFKLKUH%HGHXWXQJ]XHUPLWWHOQLKUH)ROJHHUJLEWNHLQHQ 6LQQ IU PLFK 9LHOOHLFKW LVW VLH YHUDOWHW RGHU HV KDQGHOW VLFK XP HLQHQ *HKHLPNRGHXQGIUEHLGHVELQLFKQLFKWSURJUDPPLHUW 3HVFDURPXUPHOWHHWZDVGDVZLH³SRVLWURQLVFKHU,GLRWNODQJXQGVHLQH0LHQH YHUGVWHUWHVLFKZHLWHU(UZDUUDWORVGHQQLQVHLQHUODQJHQ'LHQVW]HLWKDWWHHU QRFK QLFKWV bKQOLFKHV HUOHEW GRFK DQ VHLQHU 6WHOOH HUJULII QXQ 5DOI 1HXPDQQ GLH,QLWLDWLYH ³5lWVHO VLQG EHNDQQWOLFK GDIU GD XP JHO|VW ]X ZHUGHQ ZDUI HU PLW OHLFKWHP /lFKHOQ HLQ ³XQG LFK VHKH QLFKWV GDV XQV GDUDQ KLQGHUQ N|QQWH -DQ (V LVW XQVHU $XIWUDJ /XUXS ,, LQ MHGHU +LQVLFKW ]X HUIRUVFKHQ JHKHQ ZLU GDPLW DOVR ZHLWHU VR YRU DOV RE QLFKWV JHZHVHQ ZlUH ,UJHQGZLH ZHUGHQ ZLU ]X HLQHP 5HVXOWDWNRPPHQYLHOOHLFKW]XHLQHPYLHOEHVVHUHQDOV6LHMHW]WPHLQHQ 'HU0DMRUVWLPPWHLKP]XGHU3LORWVFKDOWHWHXQGGLH(;JOLWWUDVFKDXI GHQ3ODQHWHQ]X 'LH)XQN]HLFKHQZDUHQLQ]ZLVFKHQYHUVWXPPWGRFKGLH3HLOXQJKDWWHGHQ2UW YRQ GHP VLH NDPHQ JHQDX ORNDOLVLHUW 'DV 6FKLII JLQJ ZLHGHU LQ GHQ EOLFKHQ 2UELWGLHVPDODEHUVRGDHVGHQEHWUHIIHQGHQ6HNWRU]XHUVWEHUIORJXQGGDV ]DKOWHVLFKDXV ³2UWXQJ .RPPDQGDQW ULHI GHU =ZHLWH 1DYLJDWRU VFKRQ QDFK HLQHU 9LHUWHOVWXQGH DXV ³'LH 7DVWHU KDEHQ HLQH 0HWDOOPDVVH HUIDW GLH GHU HLQHV NOHLQHQ 6FKLIIHV HQWVSULFKW GLH $XVZHUWXQJ OlXIW 'D NRPPW VLH VFKRQ HV KDQGHOWVLFKHLQZDQGIUHLXP7HUNRQLWVWDKOGHUEOLFKHQ9HUGLFKWXQJ -DQ3HVFDURZLQNWHKHIWLJDEHUGHU3LORWKDWWHVFKRQYRQVLFKDXVUHDJLHUWXQG EUHPVWH GHQ 5DXPHU PLW 9ROOVFKXE DE 7URW]GHP VFKR HU QRFK EHU GHQ IUDJOLFKHQ 3XQNW KLQDXV ZXUGH ZLHGHU DXI *HJHQNXUV JHEUDFKW XQG KLHOW GDQQ JHQDXGDUEHUDQ'DQQKROWHQGLH=RRP2SWLNHQGDV2EMHNWLQ*URDXIQDKPH KHUDQ XQG DOOH $XJHQ ULFKWHWHQ VLFK HUZDUWXQJVYROO DXI GHQ EHWUHIIHQGHQ 6HN WRUHQVFKLUP ³'D KDEHQ ZLU HV VDJWH 3URIHVVRU 1HXPDQQ PLW VWLOOHP 7ULXPSK LQ GHU 6WLPPH³(LQ.XJHOUDXPHUHWZDVRJURZLHHLQH.RUYHWWHGHU6RODUHQ)ORWWH GRFK HV IHKOHQ GLH W\SLVFKHQ *HVFKW]NXSSHOQ 'HPQDFK NDQQ HV QXU HLQ 3ULYDWVFKLII VHLQ GDV LUJHQGZDQQ HLQPDO DXV XQEHNDQQWHU 8UVDFKH KLHU QRWJHODQGHWLVW )DVW JOHLFK]HLWLJ EHJDQQ XQWHQ GHU 6HQGHU ZLHGHU ]X IXQNHQ XQG DXV QXU GUHLKXQGHUW .LORPHWHU (QWIHUQXQJ ZDUHQ VHLQH 6LJQDOH ODXW XQG GHXWOLFK ]X K|UHQ 1DGMD %HULQNRZD WHLOWH GLHV GHP 0DMRU PLW IJWH DEHU KLQ]X ³'LH 6HQGHOHLVWXQJLVWDXFKIUHLQGHUDUWNOHLQHV6FKLIIYLHO]XJHULQJQRUPDOHUZHLVH PWHHVPLUIDVWGLH7URPPHOIHOOH]HUUHLHQ'DVOlWGDUDXIVFKOLHHQGDGHU
6HQGHU QXU QRFK VHKU ZHQLJ (QHUJLH EHNRPPW YHUPXWOLFK OlXIW HU VFKRQ VHKU ODQJHXQGGLH%DWWHULHQVLQGIDVWHUVFK|SIW 3HVFDURQLFNWHXQGEHUOHJWHHLQH:HLOH ³(WZDV LQ GLHVHU $UW ZDU EHL XQVHUHU 0LVVLRQ NDXP ]X HUZDUWHQ HUNOlUWH HU GDQQ ³:DV GD XQWHQ HLQPDO JHVFKHKHQ LVW OlW VLFK QLFKW HLQPDO DKQHQ GHU 5DXPHUVFKHLQWMHGRFKlXHUOLFKLQWDNW]XVHLQ'HPQDFKNDQQHVhEHUOHEHQGH JHJHEHQ KDEHQ GRFK HV LVW QLFKW XQVHUH $XIJDEH QDFK LKQHQ RGHU HYHQWXHOOHQ 1DFKNRPPHQ]XVXFKHQ'DVNDQQLFKQXUQDFKDXVGUFNOLFKHU$QZHLVXQJGHU /HLWVWHOOHLQ,PSHULXP$OSKDVRQVW]LHKWPDQPLUGDV)HOOEHUGLH2KUHQZHQQ HVQDFKHLQHU/DQGXQJ.RPSOLNDWLRQHQJLEW ³,UJHQG HWZDV PVVHQ ZLU DEHU WXQ -DQ VDJWH 0RQ\D 1RG]DPEDUD GLH VLFK HEHQIDOOV LQ GHU =HQWUDOH EHIDQG ³'HU 'LHQVWZHJ LVW ]ZDU PHLVW PLW YLHOHQ +LQGHUQLVVHQ JHSIODVWHUW LQ GLHVHP EHVRQGHUHQ )DOO NDQQVW GX LKQ DEHU GXUFK $OSKD'ULQJHQG XPJHKHQ 'DQQ ZLUG GHLQH 0HOGXQJ GLUHNW DQ 5HJLQDOG %XOO ZHLWHUJHOHLWHWHUVHOEVWHQWVFKHLGHWGDQQZDVZLUZHLWHUXQWHUQHKPHQGUIHQ ³'DV LVW GLH EHVWH /|VXQJ VWLPPWH LKU 3URIHVVRU 1ILXPDQQ ]X XQG GHU .RPPDQGDQWEHXJWHVLFKGHP5DWGHUEHLGHQ ,Q 7HUUDQLD &LW\ ZDU HV VSlWHU 1DFKPLWWDJ 6WDDWVPDUVFKDOO %XOO ]HLFKQHWH GLH OHW]WH)ROLHDEXQGVFKREVLHLQGHQ5RKUSRVWVFKDFKW'DQQVWHFNWHHUVLFKHLQH =LJDUUH DQ XQG PDFKWH VLFK ]XP $XIEUXFK EHUHLW GRFK LP JOHLFKHQ 0RPHQW VFKULOOWHGHU,QWHUNRP0HOGHUDXIVHLQHP6FKUHLEWLVFKDXI ³,KU N|QQW PLFK DOOH JHUQKDEHQ PXUUWH %XOO\ GHQQ HU KDWWH RKQHKLQ VFKRQ ]ZHL hEHUVWXQGHQ JHPDFKW 'RFK GDV 6LJQDO HUW|QWH KDUWQlFNLJ ZHLWHU GDQQ JORPP ]XVlW]OLFK QRFK HLQH URWH $Q]HLJHDXIXQGXQWHUVWULFKGLH'ULQJOLFKNHLW GLHVHV$QUXIV'HPNRQQWHHUVLFKQLFKWHQW]LHKHQHUIOXFKWH]ZDUOHLVHQDKP GDQQDEHUGRFKGHQ+|UHUDXI ³)HUQYHUELQGXQJ $OSKD'ULQJHQG 6LU VDJWH GLH 6HNUHWlULQ LP 9RU]LPPHU XQGDXJHQEOLFNOLFKYHUJDGHU0DUVFKDOOVHLQHQbUJHU'LHVH6WXIHEHVDJWHGD LUJHQGZR HWZDV ZLUNOLFK :LFKWLJHV YRUJLQJ HU K|UWH GDV W\SLVFKH 5DXVFKHQ HLQHU +\SHUNRPVHQGXQJ EHU ZHLWH 'LVWDQ] QDQQWH VHLQHQ 1DPHQ XQG 'LHQVWNRGHXQGODXVFKWHGDQQJHVSDQQWDXIGLH$QWZRUW 0DMRU-DQ3HVFDURPHOGHWHVLFKLQJOHLFKHU:HLVHXQGEHJDQQGDQQPLWVHLQHP %HULFKWXQG%XOO\K|UWHLKPDXIPHUNVDP]X ³'DV JLEW HV GRFK JDU QLFKW HQWIXKU HV LKP GDQQ ³'LHVHU 6HNWRU ZXUGH VHLQHU]HLW ]ZDU HUNXQGHW DEHU QLFKW IUHLJHJHEHQ GLH 'DWHQ GDUEHU KDEHQ QXU ZLU (U VWRFNWH DEUXSW GDQQ ILHO LKP ZLHGHU GHU RPLQ|VH $QUXI HLQ HLQLJH 3X]]OHVWHLQHUXWVFKWHQLQVHLQHP*HKLUQXQGSO|W]OLFKHUJDEVLFKHLQSODXVLEOHV %LOG ³1HLQ VFKHLQEDU QRFK QLFKW HUJlQ]WH HU GDQQ XQG QLFNWH GHP $EELOG GHV .RPPDQGDQWHQ]X³LFKVHKHMHW]WJHZLVVH=XVDPPHQKlQJH2ND\HVZDUJXW GD6LHVLFKVRIRUWDQPLFKJHZHQGHWKDEHQLFKJHKHKLHUGHQ'LQJHQDXIGHQ *UXQG%OHLEHQ6LHVRODQJHGRUWDXI:DUWHSRVLWLRQLFKUXIH6LHVSlWHUDQXQG VDJH ZDV ZHLWHU JHWDQ ZHUGHQ VROO 1HLQ 0RPHQW QRFK EHUVSLHOHQ 6LH PLU ELWWHGLHVH1RWUXI]HLFKHQZLUZHUGHQYHUVXFKHQPLWLKUHU+LOIHKHUDXV]XILQGHQ
ZRKHUGLHVHUDOWH.DKQJHNRPPHQLVW 3HVFDUREHVWlWLJWH%XOOZDUWHWHHLQH:HLOHXQGXQWHUEUDFKGDQQGLH9HUELQGXQJ (UQDKPGHQ6SHLFKHUNULVWDOODXVGHP*HUlWDXIGHPGDV*HVSUlFKIHVWJHKDOWHQ ZDUVDKDXIGLH8KUXQGIOXFKWHHUQHXWGLHVPDOHUKHEOLFKODXWHU ³'DPLWLVWGHU)HLHUDEHQGZLHGHUPDOLP(LPHUNQXUUWHHUXQGIXKUVLFKGXUFK GDV URWH +DDU ³1XQ GDV JLOW DEHU DXFK IU $WODQ GHQ JHKW GLHVH 6DFKH MD LQ HUVWHU/LQLHDQXQGZHVKDOEVROOWHHVLKPEHVVHUHUJHKHQDOVPLU+RIIHQWOLFK LVWHUQRFKLP%DX 'LHVZDUGHU)DOOGHU0DUVFKDOOEHJDEVLFK]XP.XU]VWUHFNHQ7UDQVPLWWHUXQG VWDQGZHQLJVSlWHUYRUGHP$UNRQLGHQ%XOOJDELKPGLHQ|WLJHQ(UNOlUXQJHQ GHU862&KHIVSLHOWHGHQ.ULVWDOODEXQGK|UWHDXIPHUNVDP]X ³'HU 7DJ NOLQJW VR DXV ZLH HU DQJHIDQJHQ KDW PHLQWH HU GDQQ UHVLJQLHUW ³+HXWHPRUJHQHUKLHOWLFKGLH1DFKULFKWGDJHUDGHHLQHUPHLQHUEHVWHQ/HXWH DXI5LVLNRHLQVDW]YHUPLWZLUGXQGQXQNRPPVWGXPLUDXFKQRFKGDPLW'DV N|QQWH PHLQH 3OlQH JHZDOWLJ GXUFKNUHX]HQ ² JHQXJ GHU .ODJH WXQ ZLU DOVR ZDV JHWDQ ZHUGHQ PX (LQHV NDQQ LFK GLU MHW]W VFKRQ VDJHQ 'LHVH 6LJQDOH VWHOOHQ HLQHQ 1RWUXI LQ NRPSULPLHUWHU )RUP GDU MHGHU %XFKVWDEH VWHKW IU HLQ JDQ]HV:RUW'DV9HUIDKUHQLVWKHXWHEHUKROWGRFKLFKKDEHHVQRFKJHQDXLP .RSI 5HJLQDOG %XOO QLFNWH ZHLO HU ZXWH GD $WODQ HLQ VRJHQDQQWHV IRWRJUDILVFKHV *HGlFKWQLVEHVD ³$P EHVWHQ WHLOHQ ZLU XQV GLH $UEHLW GDPLW NRPPHQ ZLU VFKQHOOHU DQV =LHO VFKOXJ HU YRU ³-HGHV 6FKLII KDW HLQH EHVWLPPWH IU VHLQHQ 1DPHQ VWHKHQGH .HQQJUXSSHXQGGLHPWHHLJHQWOLFKDXFKKLHUGDEHLJHZHVHQVHLQ²RGHU" ³6WLPPW EHVWlWLJWH GHU /RUGDGPLUDO ³MHZHLOV VHFKV =DKOHQ DP $QIDQJ XQG 6FKOXPLWGHQHQLFKQLFKWVDQIDQJHQNRQQWH2ND\GHLQ9RUVFKODJLVWJXWXQG LFK KDEH IU KHXWH RKQHKLQ GLH 1DVH YROO 6HW]HQZLUDOVRMHGHUHLQSDDU/HXWH GHU6SlWVFKLFKWDXIGLHVH6SXUXQGZHU]XHUVWGDV(UJHEQLVKDWYHUVWlQGLJWGHQ DQGHUHQ ³6RKDEHLFKHVJHPHLQWVDJWH%XOO\QDKPGHQ6SHLFKHUNULVWDOOZLHGHUDQVLFK XQGNHKUWHLQVHLQ%UR]XUFN =ZHL=LJDUUHQXQGGUHL6FRWFKPLW6RGDVSlWHUPHOGHWHVLFKVHLQ,QWHUNRPXQG &DSWDLQ :DQJ 7VX*RO HUNOlUWH 'LH IUDJOLFKH .HQQXQJ VWDPPW YRQ HLQHP 3ULYDWVFKLII PLW GHP (LJHQQDPHQ 63$&( 6:$//2: (LJHQWPHU -RKQ 7DVKQHU (U ZXUGH YRQ GHU NOHLQHQ 5HLVHDJHQWXU $' 9(172856 JHFKDUWHUW GLH VLFK DXI µ$EHQWHXHUIOJH VSH]LDOLVLHUW KDWWH VWDUWHWH YRQ /RQGRQ DXV XQG JLOW VHLWGHP DOV YHUPLW 1DFK $EODXI GHU EOLFKHQ )ULVW ZXUGHQ LKUH ,QVDVVHQ JHVHW]OLFK IU WRW HUNOlUW LKUH +LQWHUEOLHEHQHQ GXUFK GLH 9HUVLFKHUXQJHQHQWVFKlGLJW*HQJW,KQHQGDV6LU" ³'DQNH :DQJ JDE GHU 0DUVFKDOO ]XUFN VFKDOWHWH DE XQG YHU]RJ GDQQ GDV *HVLFKW³-HW]WLVWPLUDOOHVNODUPXUPHOWHHU³GLH/HXWHGLHVHU)LUPDJODXEWHQ EHVRQGHUVVFKODX]XVHLQ6LHKDEHQVLFKGLH'DWHQGHV3ODQHWHQDXILUJHQGHLQH EHVRQGHUV UDIILQLHUWH $UW DXV XQVHUHP $UFKLY YHUVFKDIIW GRFK ZDV LVW GDEHL KHUDXVJHNRPPHQ" ,UJHQGZLH JLQJ GDV JDQ]H $EHQWHXHU VFKLHI GDV 6FKLII VD
DXI/XUXSIHVWXQGZDVDXVGHQ7RXULVWHQJHZRUGHQVHLQPDJZLVVHQDOOHLQGLH *|WWHU1XQYLHOOHLFKWNDQQHVGLH(;KHUDXVILQGHQLFKZHUGHGHQ0DMRU GDUDXIDQVHW]HQ'DQQVDJHLFKQRFK$WODQ%HVFKHLG ³1HXH 2UGHU YRP 6WDDWVPDUVFKDOO SHUV|QOLFK VDJWH -DQ 3HVFDUR ODNRQLVFK ³'DV6FKLIIKHLW63$&(6:$//2:HVKDWWH3HUVRQHQDQ%RUGXQGPX YRU UXQG -DKUHQ KLHU JHODQGHW VHLQ :DV GDPDOV VFKLHIJHJDQJHQ LVW ZHL QLHPDQG ZLU VROOHQ HV MHW]W HUPLWWHOQ QDFK 0|JOLFKNHLW DEHU RKQH ]X ODQGHQ GDPLWXQVQLFKW6FKLIIHYRQ'DEULIDEHUUDVFKHQXQGIHVWQDJHOQN|QQHQ 3URIHVVRU1HXPDQQQLFNWHNXU] ³.HLQ JURHV 3UREOHP -DQ GDV VFKDIIHQ ZLU VFKRQ ,Q VROFKHQ 'LQJHQ KDW XQVHU %UDLQ7HDP JHQJHQG (UIDKUXQJ ZHQQ HV DXFK QRFK QLFKW ODQJH ]XVDPPHQLVWDPEHVWHQIDQJHQZLUVRIRUWDQ'D]XPXXQVHU6FKLIIDOOHUGLQJV YLHO WLHIHU JHKHQ DXV GLHVHU +|KH OlW VLFK NDXP HWZDV HUNHQQHQ )DOOV HV GD XQWHQ ZLUNOLFK QRFK 0HQVFKHQ JLEW 1DFKNRPPHQ HWZDLJHU hEHUOHEHQGHU PVVHQ VLH DXI HLQHQ ]LHPOLFK WLHIHQ ]LYLOLVDWRULVFKHQ 6WDWXV ]XUFNJHIDOOHQ VHLQ ³$N]HSWLHUW 5DOI HQWJHJQHWH GHU 0DMRU ZDQGWH VLFK DQ GHQ 3LORWHQ XQG JDE LKPGLHQ|WLJHQ$QZHLVXQJHQ 'LH(;O|VWHVLFKDXVGHP2UELWZXUGHODQJVDPHUXQGVDQNQlKHUDXIGLH 2EHUIOlFKH GHV 3ODQHWHQ ]X 6LH WDXFKWH LQ VHLQH /XIWKOOH HLQ ZXUGH LQ ]HKQ .LORPHWHU +|KH DEJHEUHPVW XQG GXUFK GLH $QWLJUDYSURMHNWRUHQ DXI GHU 6WHOOH JHKDOWHQ ,QGHVVHQ KDWWHQ GLH :LVVHQVFKDIWOHU LKUH 3RVLWLRQHQ LP %HREDFKWXQJVUDXPEH]RJHQXQGLKUH,QVWUXPHQWHMXVWLHUWXQGQXQEHJDQQHQVLH PLWLKUHU$UEHLW -HW]WZDUHQVFKRQPLWEORHQ$XJHQYLHOH'HWDLOV]XHUNHQQHQGDV+RFKSODWHDX XQG GDUDXI GHU ]ZDU YRQ GHQ 1LHGHUVFKOlJHQ ODQJHU -DKU]HKQWH EHGHFNWH DEHU QRFK LPPHU EOLQNHQGH .XJHON|USHU GHV DOWHQ 6FKLIIV $XFK VHLQH 6LJQDOH ZXUGHQ QRFK HPSIDQJHQ GRFK VLH ZDUHQ QXQ VFKRQ VHKU VFKZDFK GHU 6HQGHU EHNDP NDXP QRFK (QHUJLH 'DV VSLHOWH LQ GLHVHP 6WDGLXP MHGRFK NHLQH 5ROOH PHKUHVJLQJDOOHLQQRFKGDUXPKLHU0HQVFKHQ]XILQGHQ²IDOOVHVEHUKDXSW VROFKHJDE 'LHVVFKLHQMHGRFKQLFKWGHU)DOO]XVHLQ (LQH 6WXQGH ZDU YHUJDQJHQ GDV 3ODWHDX PLWWHOV GHU =RRP2SWLNHQ SHGDQWLVFK JHQDXDEJHVXFKW6LHOLHHQ%VFKH%lXPHXQGMHGHV*UDVEQGHOGHXWOLFKXQG SODVWLVFKHUNHQQHQGLHGD]ZLVFKHQZHLGHQGHQ7LHUHLKUH6SXUHQXQG:HFKVHO 1LFKWV ZLHV MHGRFK GDUDXI KLQ GD VLFK KLHU LUJHQGZDQQ LQ OHW]WHU =HLW 0HQVFKHQDXIJHKDOWHQKDWWHQXQGVFKOLHOLFKVDJWH'U0DUDLVGHUGLH$XIVLFKW IKUWH ³$EVROXWQLFKWV5DOI)DOOVKLHUMHPDOVHWZDVJHZHVHQLVWKDWHVGLH9HJHWDWLRQ OlQJVWEHUZXFKHUWXQGGLH7LHUHEHZHJHQVLFKDXFKLQXQPLWWHOEDUHU1lKHGHV :UDFNVRKQHMHGH6FKHX'DVVDJWJHQXJZHQQHVDXI/XUXSEHUKDXSWHWZDV ]XILQGHQJLEWGDQQMHGHQIDOOVQLFKWKLHU
0RQ\D1RG]DPEDUDNQLIIGLH%UDXHQ]XVDPPHQ ³*HVHW]WGHQ)DOOGDLFKLQHLQHU1RWODJHZlUHDXIGLHVHU+RFKIOlFKHZUGH LFKZRKONDXPEOHLEHQZDUIVLHHLQ³+LHUVLQGGLH:LQWHUNDOWHVJLEWNDXP +HL]PDWHULDO XQG HLQ KDOEZHJV VWDUNHU 6WXUP ZUGH DOOH %HKDXVXQJHQ ZHJEODVHQ,FKZUGHGRUWKLQJHKHQZRKLQVLFK]ZHLIHOORVDXFKGDV:LOGGDQQ ]XUFN]LHKW²LQHLQHVGHUXPOLHJHQGHQ7lOHU 1HXPDQQQLFNWHHUDOV(]LDOLVWGDFKWHlKQOLFK ³'LHVH VRJHQDQQWHQ $EHQWHXUHU KDWWHQ ZDKUVFKHLQOLFK QLFKW GLH JHULQJVWH $KQXQJYRQ$FNHUEDXXQG9LHK]XFKWGRFKLPPHUKLQNRQQWHQVLHZRKOORJLVFK GHQNHQ 6LH ZHUGHQ ZRKO ]X GHQVHOEHQ 6FKOVVHQ JHNRPPHQ VHLQ XQG GDV 6FKLIIIKUWHEHVWLPPW$QWLJUDYSODWWIRUPHQXQG*OHLWHUPLWDXIGHQHQVLFKQDFK XQG QDFK DOOHV WUDQVSRUWLHUHQ OLH 2ND\ IOLHJHQ ZLU DOVR HLQ 6WFN ZHLWHU XQG VHKHQXQVGRUWQDFKHLQHUP|JOLFKHQ$QVLHGOXQJXP (UYHUVWlQGLJWHGLH=HQWUDOHGLH(;VHW]WHVLFKZLHGHULQ%HZHJXQJXQG GULIWHWHODQJVDPDXIGLHQlFKVWHQ%HUJH]X 8QG VFKRQ GDV HUVWH 7DO HUZLHV VLFK DOV 9ROOWUHIIHU 'RUW ZDUHQ RKQH JURH 0KH GLH $Q]HLFKHQ SODQPlLJHU %RGHQQXW]XQJ ]X VHKHQ )HOGHU PLW ODQJHQ 5HLKHQ QLHGULJHU *HZlFKVH XQUHJHOPlLJ EHU GLH JDQ]H /lQJH GHV 7DOHV YHUWHLOW 6RPLW ZDU HV ]LHPOLFK VLFKHU GD GRUW WDWVlFKOLFK 1DFKNRPPHQ GHU *HVWUDQGHWHQ OHEWHQ ZLHGHU ZXUGH DXI =RRP XPJHVFKDOWHW XQG GHU 3URIHVVRU VDKJHVSDQQWDXIGHQ6FKLUPGHUQXQGLH*URDXIQDKPH]HLJWH *OHLFK GDUDXI ]XFNWH HU MHGRFK ]XVDPPHQ XQG VFKWWHOWH XQJOlXELJ GHQ .RSI GHQQZDVHUGDVDKEHUUDVFKWHLKQDXIVK|FKVWH 'LH 0HQVFKHQ ZDUHQ PLW HLQHP 5DXPVFKLII JHNRPPHQ GHVVHQ %HVDW]XQJ EHVWLPPW JHQJHQG WHFKQLVFKHV :LVVHQ EHVD 9RQ LKU ZlUH DOVR ]X HUZDUWHQ JHZHVHQ GD VLH VLQQYROO JHKDQGHOW XQG DOOHV ZDV VLFK EHZHJHQ OLH XQG QW]OLFK ZDU ]XP $XIEDX HLQHU 1RWVLHGOXQJ EHQXW]W KDWWH =ZDU KlWWHQ GLH /HXWH LQ GHU HUVWHQ =HLW QRFK LQ =HOWHQ OHEHQ PVVHQ GRFK QDFK XQG QDFK NRQQWHQ JHQJHQGH 0HQJHQ YRQ 0HWDOO XQG .XQVWVWRIISODWWHQ KHUDQJHVFKDIIW ZHUGHQXPGDUDXVVWDELOH+lXVHU]XHUULFKWHQ6HOEVWHLQNOHLQHV6FKLIIZLHGLH 63$&( 6:$//2: JDE HLQH 0HQJH %DXPDWHULDO KHU ZHQQ HV ULFKWLJ DXVJHVFKODFKWHW ZXUGH XQG GDV URVWIUHLH 0DWHULDO KLHOW GDQQ SUDNWLVFK XQEHJUHQ]W +LHUZDUMHGRFKQLFKWVGHUJOHLFKHQ]XVHKHQ (VJDE]ZDUDQPHKUHUHQ6WHOOHQ$QVDPPOXQJHQYRQ+lXVHUQGRFKVLHVDKHQ HLQIDFK WURVWORV DXV 3ODQORV KLQJHEDXW ZDUHQ VLH QXU DXV URKHQ 6WlPPHQ HUULFKWHW GLH 'lFKHU PLW JHEQGHOWHP *UDV XQG bVWHQ PHKU UHFKW DOV VFKOHFKW JHGHFNW:LHZDUGDV]XYHUVWHKHQ" ³(LQIDFKXQEHJUHLIOLFKPXUPHOWH1HXPDQQEHVWU]W³6ROOWHHVVLFKKLHUHWZD JDU QLFKW XP 0HQVFKHQ KDQGHOQ VLQG HV YLHOOHLFKW (LQJHERUHQH GLHVHU :HOW XQGVLHKDEHQGLH,QVDVVHQGHV5DXPHUVHLQIDFKXPJHEUDFKW" ³0|JOLFK ZlUH HV VDJWH 0R\D OHLVH LKU EUlXQOLFKHV *HVLFKW ZDU EOD JHZRUGHQ ³6LFKHU GLHVH -DJGWRXULVWHQ KDWWHQ EHVWLPPW HLQH $Q]DKO PRGHUQHU :DIIHQ DEHU ZDV EHVDJW GDV VFKRQ" 6LH ZDUHQ GRFK QXU HLQ XQHUIDKUHQHU
+DXIHQ GHQ LKUH %HJOHLWHU NDXP NRQWUROOLHUHQ NRQQWHQ LFK NHQQH GDV (LQH JHVFKLFNWDXIJHEDXWH)DOOHRGHUHLQhEHUIDOOLQGHU1DFKW 'DQQEOLHELKUMHGRFKGDV:RUWLP+DOVVWHFNHQLKUH$XJHQZXUGHQJURXQG HLQHUVWLFNWHV6W|KQHQNDPEHULKUH/LSSHQ (EHQ NDPHQ HLQLJH *HVWDOWHQ LQV %LOG GLH VLFK ]ZLVFKHQ GLHVHQ +WWHQ EHZHJWHQGHU7HFKQLNHUVFKDOWHWHVFKQHOOXQGEUDFKWHVLHJURXQGGHXWOLFKDXI GHQ6FKLUP8QGQXQJDEHVNHLQHQ=ZHLIHOPHKU 'RUWXQWHQJDEHVZLUNOLFK0HQVFKHQ ³0HQVFKHQMDDEHUZLHVHKHQVLHDXVEUDFKWH5ROI1HXPDQQHUVWLFNWKHUYRU GHU$QEOLFNHUVFKWWHUWHLKQ]XWLHIVW 0LWHLQHPJHZLVVHQ]LYLOLVDWRULVFKHQ5FNVFKODJZDU]XUHFKQHQJHZHVHQDXFK GLH EHVWHQ LUGLVFKHQ .OHLGXQJVVWFNH KLHOWHQ NHLQH -DKUH ODQJ ,QWHOOLJHQWH :HVHQ YHUVWDQGHQ HV MHGRFK LPPHU JXW DXV GHQ YRUKDQGHQHQ +LOIVPLWWHOQ (UVDW] ]X VFKDIIHQ GHU GHP 9RUELOG LQ HWZD JOLFK +LHU ZDU DEHU QLFKW GDV JHULQJVWH GDYRQ ]X VHKHQ GLHVH /HXWH WUXJHQ SULPLWLYH ]XVDPPHQJHVWRSSHOWH *HZlQGHU DXV 7LHUIHOOHQ XQG 3IODQ]HQIDVHUQ GLH .LQGHU ZDUHQ YROONRPPHQ QDFNW ³6WHLQ]HLW NDP HV UDXK YRQ 0RQ\D 1RG]DPEDUD ³'LH %HVDW]XQJ GHU 6:$//2: KDW ]ZDU EHUOHEW GRFK LKUH 1DFKNRPPHQ VLQG QLFKWV ZHLWHU DOV SULPLWLYH %DUEDUHQ +LHU PX HWZDV JDQ] JHZDOWLJ VFKLHIJHODXIHQ VHLQ DEHU ZDVXQGZDUXP" 'HU (]LDOLVW KDWWH VLFK ZLHGHU JHIDQJHQ GRFK HU NRQQWH QXU UDWORV PLW GHQ 6FKXOWHUQ]XFNHQ ³,FK ZHL QLFKW PHKU DOV 6LH XQG LUJHQGZLH KDW MHGH XQEHNDQQWH :HOW LKUH 7FNHQ 'DUEHU N|QQWHQ ZLU MHW]W ODQJH VSHNXOLHUHQ RKQH GD GDEHL HLQ (UJHEQLVKHUDXVNRPPWODVVHQZLUHVDOVRDPEHVWHQVHLQ0LWGHP%DUEDUHQWXP KDEHQ6LHDEHUUHFKWLQGHP7DOP|JHQZHLWPHKUDOVWDXVHQG0HQVFKHQOHEHQ DEHU VLH KDEHQ LKUH +HUNXQIW LQ]ZLVFKHQ EHVWLPPW YHUJHVVHQ -DKUH VLQG XQWHUVROFKHQ8PVWlQGHQHLQHODQJH=HLWKLHUOHEWLQ]ZLVFKHQVFKRQGLHVHFKVWH *HQHUDWLRQ ³6RPLW LVW DOVR QLFKW GDUDQ ]X GHQNHQ PLW LKQHQ LQ 9HUELQGXQJ ]X WUHWHQ IROJHUWH GLH $IULNDQHULQ QFKWHUQ ³'DV ZUGH GLHVH :LOGHQ QXU HUVFKUHFNHQ LKQHQHLQHQWLHIHQ6FKRFNYHUVHW]HQGHQVLHSV\FKLVFKQLFKWYHUNUDIWHQN|QQHQ 5DOI 'DV EHVWH %HLVSLHO GDIU LVW GHU 3ODQHW 6ZLQJ ,9 ZR YRU GUHLLJ -DKUHQ DXFK ³*HVFKHQNWLFKNHQQHGLHVHQ)DOOILHOLKUGHU3URIHVVRULQV:RUW³$XHUGHP YHUELHWHW XQVHU $XIWUDJ LQGLUHNW GLH $XIQDKPH HLQHV .RQWDNWV ZLU VROOHQ KLHU QXUHUNXQGHQRKQH]XODQGHQPHKUQLFKW:LUEOHLEHQQXUVRODQJHKLHUELVZLU DOOHVLQGLHVHP7DOIHVWJHVWHOOWXQGDXIJH]HLFKQHWKDEHQGDQQNHKUHQZLUQDFK 7HUUD]XUFNXQGJHEHQ0DUVFKDOO%XOOXQVHUHQ%HULFKW:DVGDQDFKZHLWHU]X JHVFKHKHQKDWLVWVHLQH6DFKH 9LHU6WXQGHQVSlWHUZDUDOOHVHUOHGLJW 'LH (; VXFKWH DXFK QRFK ]ZHL ZHLWHUH 7lOHU DE IDQG GRUW MHGRFK NHLQH ZHLWHUHQ 6LHGOXQJHQ XQG WUDW GHQ 5FNIOXJDQ 6LH WUDI DP IUKHQ 0RUJHQ GHV
DXIGHU(UGHHLQ0DMRU-DQ3HVFDUROLHIHUWHGHQ)OXJEHULFKWXQGDOOH 8QWHUODJHQEHU/XUXS,,EHLVHLQHPGLUHNWHQ9RUJHVHW]WHQDEXQGGLHVHUOHLWHWH GLH)ROLHQXQG6SHLFKHUNULVWDOOHDXIGHP'LHQVWZHJZHLWHU 5HJLQDOG %XOO KDWWH VHLQ 0LWWDJHVVHQ LQ GHU QlFKVWHQ 2IIL]LHUVPHVVH HLQJHQRPPHQ NHKUWH QXQ LQ VHLQ %UR ]XUFN XQG VWHFNWH VLFK GLH REOLJDWH =LJDUUH DQ (U VSLHOWH PLW GHP *HGDQNHQ VLFK DXFK HLQHQ 6FRWFK DOV 9HUGDXXQJVWUXQN]XHUODXEHQGRFKGD]XZDUHVHLQGHXWLJQRFK]XIUKYRULKP ODJHQQRFKYLHU6WXQGHQ'LHQVW)ROJOLFKEHJQJWHHUVLFKGDPLWHLQHQJURHQ %HFKHU.DIIHH]X]DSIHQGDPLWEHJDEHUVLFKDQVHLQHQ6FKUHLEWLVFKLPJURHQ XQGJDQ]HQPLWVLFKXQGGHU:HOW]XIULHGHQ 'LHVHU 7DJ ZDU ELVKHU XQJHZ|KQOLFK UXKLJ YHUODXIHQ LKP ODJHQ QXU HLQLJH 5RXWLQHPHOGXQJHQ YRU 6LH ZDUHQ VFKQHOO EHUIORJHQ VHLQ 6LJQXP ZXUGH GDUXQWHUJHVHW]WXQGHUVFKREVLHLQGHQ3RVWVFKDFKW1RFK]ZHLHLQKDOE6WXQGHQ XQG QLFKWV PHKU ]X WXQ HLQ VHOWHQHU =XVWDQG %XOO\ OHJWH GLH %HLQH KRFK YHUVFKUlQNWHGLH+lQGHYRUGHPOHLGHUZLHGHUHLQPDO]XXPIDQJUHLFKHQ%DXFK VFKORGLH$XJHQXQGQLFNWHEDOGHLQ ,KPZDUMHGRFKQXUHLQHKDOEH6WXQGH5XKHYHUJ|QQWGDQQULLKQHLQ6XPPHU XQVDQIWZLHGHUKRFK ³(LQHGULQJHQGH1DFKULFKWIU6LH6LUWHLOWHLKPGLHMXQJH6HNUHWlULQDXVGHP 9RU]LPPHUPLW³'LH(;LVWYRQGHU0LVVLRQ/XUXS,,]XUFNJHNHKUWGLH 8QWHUODJHQGDUEHUVLQGSHU5RKUSRVW]X,KQHQXQWHUZHJV 'DV IUHXWH GHQ 0DUVFKDOO QDWUOLFK ZHQLJ GDPLW ZDU HV PLW GHP UXKLJHQ 1DFKPLWWDJIULKQYRUEHL(UQLFNWHVHXI]HQGXQGNDSSWHGLH9HUELQGXQJNDXP HLQHKDOEH0LQXWHVSlWHUILHODXFKVFKRQGDV%QGHODXVGHU.ODSSH(UQDKPHV PLPXWLJ HQWJHJHQ VWXGLHUWH ]XQlFKVW 3HVFDURV %HULFKW XQG GDQQ ZDU HU VHKU VFKQHOOZLHGHUKHOOZDFK ³1D VR HWZDV EUXPPWH HU ³0HQVFKHQ DXVJHUHFKQHW DXI GLHVHP 3ODQHWHQ LP 1LHPDQGVODQGGDPLWKlWWHLFKQXQZLUNOLFK]XOHW]WJHUHFKQHW0DOVHKHQZDV GDHYHQWXHOOQRFKQDFKNRPPW (U VFKRE GLH 6SHLFKHUNULVWDOOH LQV $EVSLHOJHUlW OHKQWH VLFK ]XUFN XQG EOLFNWH DXIPHUNVDPDXIGHQ0RQLWRU 5DOI1HXPDQQKDWWHHVNXU]JHPDFKWXQGQXUGLHZLUNOLFKZLFKWLJHQ6WHOOHQGHU $XIQDKPHQ ]XVDPPHQJHVFKQLWWHQ 'LHV UHLFKWH WURW]GHP DXV XP %XOO YROODXI ]X IHVVHOQ HU VDK GLH %LOGHU GHU l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³:LUNOLFK HLQ VFKOLPPHV /RV NRPPHQWLHUWH HU LP 6HOEVWJHVSUlFK ³(V ZLUG
QLFKW OHLFKW VHLQ GLHVH :LOGHQ ZLHGHU ]X DVVLPLOLHUHQ GDV JHKW QXU PLW YLHO *HGXOG XQG )LQJHUVSLW]HQJHIKO (LJHQWOLFK ZlUH GDV GRFK DEHU 6DFKH GHU 862 KP GDQQ UXIH LFK MHW]W JOHLFK $WODQ DQ (U ZLOO VFKOLHOLFK GHQ 6WW]SXQNWHUULFKWHQQLFKWLFK 'HU $UNRQLGH KLHOW MHGRFK JHUDGH HLQH 6WDEVNRQIHUHQ] DE %XOO\ PXWH DOVR ZDUWHQ (UVW NXU] YRU 'LHQVWVFKOX NDP GHU 5FNUXI HU HUNOlUWH GHP )UHXQG DOOHV QXU LQ 6WLFKZRUWHQ XP P|JOLFKVW EDOG ]X VHLQHP %XQJDORZ DP *RVKXQ 6HH IOLHJHQ ]X N|QQHQ $WODQ K|UWH LQWHUHVVLHUW ]X DEHU GDQQ YHU]RJ HU GDV *HVLFKWXQGEHPHUNWH ³,Q HLQHU EHVWLPPWHQ *HJHQG LVW LP 0RPHQW ZLHGHU GHU 7HXIHO ORV LFK KDEH HEHQPHLQHOHW]WH6FKLIIVUHVHUYHGRUWKLQLQ0DUVFKJHVHW]W6LFKHUGLHVH/HXWH PVVHQ YRQ /XUXS HYDNXLHUW ZHUGHQ GRFK GDIU KDEH LFK LQ DEVHKEDUHU =HLW QLFKWGLH0LWWHO.DQQVWGXGDVDXFKQRFKIUPLFKEHUQHKPHQ"'XKDVWQLFKW QXU IUHLH 6FKLIIH VRQGHUQ DXFK DOOH 8QWHUODJHQ GDV 3UREOHP LVW DOVR QLFKW VR JUR %XOO\TXDOPWHKHIWLJXQGVFKQDXIWHGDQQXQZLOOLJDXI ³6RPHLQVWGXZLUNOLFK"0DQQGDVLVWHLQ3UREOHPHLQJURHVXQGVFKZLHULJHV VRJDU 'LHVH 0HQVFKHQ OHEHQ SUDNWLVFK LQ GHU 6WHLQ]HLW EHVLW]HQ NHLQHUOHL 7HFKQLN XQG ZLVVHQ YHUPXWOLFK EHUKDXSW QLFKW PHKU GD HV VR HWZDV ZLH 5DXPVFKLIIH JLEW 'LH NDQQ PDQ QLFKW VR HLQIDFK µHYDNXLHUHQ ZLH GX HV DXVJHGUFNWKDVWVLHZUGHQVFKRQ]X7RGHHUVFKUHFNHQZHQQQXUHLQVLPSOHU *OHLWHU GRUW DXIWDXFKWH 9HUGDPPW GDV VROOWHVW GX PLW GHLQHU MDKUWDXVHQGDOWHQ (UIDKUXQJHLJHQWOLFKVHKUJXWZLVVHQ 'HU/RUGDGPLUDOQLFNWHODQJVDP ³(QWVFKXOGLJHEDWHUGDQQ³QDWUOLFKZHLLFKHVQXUKDEHLFK]XU=HLWVRYLHO DP+DOVGDLFKNDXPQRFKJHUDGHDXVGHQNHQNDQQ:HQQGXDOVRPHLQVWGD GDQLFKWV]XPDFKHQLVWGDQQODVVHQZLUHVHEHQ ³4XDWVFK XQWHUEUDFK LKQ 5HJLQDOG %XOO UHVROXW ³,FK KDEH QRFK QLH HLQHQ )UHXQGLP6WLFKJHODVVHQXQG]XPDFKHQLVWGDEHVWLPPWHLQLJHV2ND\LFKZLOO PLFK XP GLHVH 6DFKH NPPHUQ ZHLO LFK ZHL ZLH ZLFKWLJ GHU 3ODQHW IU XQV ZHUGHQ NDQQ UHFKQH DEHU QLFKW PLW HLQHP VFKQHOOHQ (UIROJ (LQ SDDU -DKUH N|QQHQGDUEHUVFKRQYHUJHKHQGHQ8PVWlQGHQQDFK $WODQDWPHWHDXIXQGOlFKHOWHIOFKWLJ ³'HQ JXWHQ 6HHPDQQ HUNHQQW PDQ ZHQQ GDV :HWWHU VFKOHFKW LVW XQG GHQ ZDKUHQ )UHXQG GDUDQ ZDQQ XQG ZLH HU ]X HLQHP KlOW 'DQNH %XOO\ LFK EHUODVVHDOVRDOOHVGLUJLEPLUELWWH%HVFKHLGZHQQ/XUXS,,IUHLLVWMD" 6LH EHHQGHWHQ GDV *HVSUlFK %XOO\ GUFNWH VHLQH =LJDUUH DXV XQG PDFKWH VLFK ]XP$XIEUXFKEHUHLW³)UHXQGKLQXQGKHUGDPLWKDEHLFKGHQ6FKZDU]HQ3HWHU DEHUQDFKZLHYRUNQXUUWHHU ³:DVNDQQLFKIU6LHWXQ6LU"HUNXQGLJWHVLFK:HUD+D\GXNDQDKPLQGHP DQJHERWHQHQ6HVVHO3ODW]XQGVDKLKUHQ9RUJHVHW]WHQDQ 6LHVWDPPWHDXVGHU5HJLRQ3ROHQHLQHJURHXQGJXWSURSRUWLRQLHUWH)UDXPLW
GXQNOHQ $XJHQ XQG NXU]HP EUQHWWHP +DDU ,KUH (UVFKHLQXQJ HULQQHUWH %XOO HQWIHUQWDQ1HOGD-RQHVGLH*RXYHUQHXULQGHV3ODQHWHQ&DU\QJD :HUD ZDU GUHLIDFKHU 'RNWRU LKU +DXSWIDFK ([WUDVRODUH 3V\FKRORJLH XQG VLH OHLWHWH GLH 6RQGHUDEWHLOXQJ JOHLFKHU %H]HLFKQXQJ LQQHUKDOE GHU ([SORUHUIORWWH 'LHVH EHVWDQG HUVW VHLW UHODWLY NXU]HU =HLW VLH ZDU JHVFKDIIHQ ZRUGHQ XP LQ )lOOHQWlWLJ]XZHUGHQGLHGHPYRQ/XUXSlKQHOWHQ,PPHUZLHGHUIDQGHQVLFK LUJHQGZR 3ODQHWHQ GLH ]ZDU YRQ 0HQVFKHQ EHVLHGHOW GDQQ MHGRFK LUJHQGZLH ³YHUJHVVHQ ZRUGHQ ZDUHQ :XUGHQ VLH QXQ QHX HQWGHFNW PHLVW HUVW QDFK -DKUKXQGHUWHQKDWWHQVLHHLQHHLJHQVWlQGLJH(QWZLFNOXQJJHQRPPHQHVJHK|UWH YLHO )LQJHUVSLW]HQJHIKO XQG SV\FKRORJLVFKHV *HVFKLFN GD]X VLH DOOPlKOLFK ZLHGHUDQGLHEULJH0HQVFKKHLWKHUDQ]XIKUHQ1DFKGLHVHQ.ULWHULHQZXUGHQ GLH 0LWDUEHLWHU YRQ ³6(3 VHOHNWLHUW LKUH =DKO ZDU QLFKW JUR LKUH (UIROJH GDJHJHQUHFKWJXW ³(LQH ]LHPOLFK KHLNOH $XIJDEH IU ,KUH 6HNWLRQ HUNOlUWH QXQ GHU 6WDDWVPDUVFKDOO ³'LH 862 ZLOO JHKHLPH 6WW]SXQNWH ]ZLVFKHQ GHP 6RODUHQ ,PSHULXP XQG 'DEULID HUULFKWHQ ZLU KDEHQ GDV *HELHW IU VLH HUNXQGHW XQG GDEHLDXIHLQHPGHU3ODQHWHQHLQHLP6LQQGLHVHV:RUWHVZLOGH$QVLHGOXQJYRQ 0HQVFKHQ HQWGHFNW 'RFK LFK ZLOO PLU ODQJH (UNOlUXQJHQ VSDUHQ VWDWW GHVVHQ VSLHOH LFK ,KQHQ QXQ GLH $XI]HLFKQXQJHQ YRU GLH XQVHU 7HDP GRUW DQJHIHUWLJW KDW 9RU:HUD+D\GXNDEOHQGHWHHLQ0RQLWRUDXIVLHNRQ]HQWULHUWHVLFKJDQ]DXIGLH %LOGHUXQG.RPPHQWDUHGLHEULJH8PJHEXQJVFKLHQIUVLHYHUVXQNHQ]XVHLQ %XOONDQQWHGLHVDOOHVHUULFKWHWHVHLQ$XJHQPHUNQXUDXIGLH)UDXXQGGDFKWH GDEHLDQ1HOGD-RQHV*DQ]HJDOZDVDXFKLPPHUNRPPWLFKPXVLHZLHGHU HLQPDOEHVXFKHQGDFKWHHU (VNOLFNWHLP$EVSLHOJHUlW:HUDULFKWHWHVLFKDXIXQGGDVULHI%XOO\ZLHGHULQ GLH *HJHQZDUW ]XUFN ³:DV KDOWHQ 6LH YRQ DOOGHP 'U +D\GXND" IUDJWH HU GRFK GLH 6HNWLRQVOHLWHULQ VFKZLHJ QRFK IDVW HLQH 0LQXWH ODQJ ,KU *HVLFKW YHUULHWGDVLHDQJHVWUHQJWEHUOHJWHGHU0DUVFKDOOVW|UWHVLHQLFKWXQGZDUWHWH JHGXOGLJDEELVVLHVHOEVWGDV:RUWHUJULII ³(LQ]LHPOLFKH[WUHPHU)DOOVHOEVWIUXQVXUWHLOWHVLHGDQQ³7RWDOHNRVPLVFKH 'HVRULHQWLHUXQJ QLHGULJVWHV EHUKDXSW GHQNEDUHV 1LYHDX QLFKWV DXHU $FNHUEDX PLW +LOIH YRQ JH]lKPWHQ 7LHUHQ XQG GHU -DJG PLW SULPLWLYHQ +LOIVPLWWHOQ 'HP HQWVSULFKW DXFK GDV ,GLRP GLHVHU /HXWH YHUPXWOLFK ZDUHQ VHOEVW GLH DOWHQ (UWUXVNHU HUKHEOLFK ZHLWHU DOV VLH 'DEHL KDWWH GLH HUVWH *HQHUDWLRQQRFKHLQ6FKLIIPLWDOOVHLQHQ+LOIVPLWWHOQ]XU9HUIJXQJZHVKDOE KDWPDQGLHVHZRKOQLFKWEHQXW]W" ³(EHQ GDV KRIIWH LFK YRQ ,KQHQ ]X HUIDKUHQ VDJWH 5HJLQDOG %XOO GRFK :HUD ]XFNWHHLQIDFKQXUPLWGHQ6FKXOWHUQ ³,FKZHLQLFKWPHKUDOV6LH6LUHUNOlUWHVLHNQDSS³=ZDUKDWGDV7HDPGHU (; JXWH $UEHLW JHOHLVWHW DEHU EHL HLQHP VROFKHQ ([WUHPIDOO LVW HV QRFK LPPHU ]X ZHQLJ :HQQ ZLU GLHVH 0HQVFKHQ DXV GHP 6WDGLXP GHU 6WHLQ]HLW KHUDXVIKUHQ ZROOHQ ZHUGHQ ZLU PHKU DOV QXU EHKXWVDP YRUJHKHQ PVVHQ XQG
³9HUGDPPWGDVZHLLFKVHOEVWILHO%XOO\LKUJHUHL]WLQV:RUW³0DFKHQ6LH DOVR NHLQH ODQJHQ :RUWH :HUD 6DJHQ 6LH PLU NOLSS XQG NODU RE HV LQQHUKDOE HLQHU KDOEZHJV YHUWUHWEDUHQ =HLW JHKW XQG ZLH XQVHUH (UIROJVDXVVLFKWHQ JDQ] DOOJHPHLQVLQGMD" ³'DV ZROOWH LFK GRFK HEHQ WXQ NRQWHUWH GLH 6HNWLRQVOHLWHULQ ³0LW GHQ VRQVW EOLFKHQ 0LWWHOQ GUIWH VLFK QLFKW YLHO HUUHLFKHQ ODVVHQ DEHU VHLW NXU]HP KDEH LFK HLQHQ 0DQQ LQ PHLQHP 7HDP GHU PLU IU GLHVH $XIJDEH SUlGHVWLQLHUW HUVFKHLQW(UUHLVWHIUKHUPLWHLQHPVWHOODUHQ:DQGHU]LUNXVXPKHUXQGWUDWGDULQ DOV +\SQRWLVHXU XQG *HGDQNHQOHVHU DXI DOOH :HOW KLHOW LKQ IU HLQHQ GHU EOL FKHQ6FKDUODWDQH'DVLVWHUMHGRFKQLFKWVRQGHUQHLQ+DOEPXWDQWGHUZLUNOLFK DXHUJHZ|KQOLFKH*DEHQEHVLW]W(LQHUPHLQHU/HXWHZXUGHPHKUGXUFK=XIDOO DXI LKQ DXIPHUNVDP EHUUHGHWH LKQ EHL HLQHP *DVWVSLHO DXI 2O\PS ]X HLQHP SVLRQLVFKHQ7HVWXQGGDV(UJHEQLVEHUWUDIDOOH(UZDUWXQJHQ ³(LQ KDOEHU :XQGHUPDQQ DOVR EHPHUNWH GHU 0DUVFKDOO VNHSWLVFK DEHU :HUD +D\GXNDZLQNWHEHU]HXJWDE ³.HLQKDOEHUVRQGHUQHLQJDQ]HU6LU(UZDUYLHO]XVFKDGHXPVHLQH7DOHQWHLQ HLQHP =LUNXV YHUNPPHUQ ]X ODVVHQ LFK KDEH LKQ ]XP (LQWULWW LQ PHLQH $EWHLOXQJ YHUDQODW XQG HU KDW PHLQH KRKHQ (UZDUWXQJHQ QLFKW HQWWlXVFKW (LQ]HOKHLWHQ ZLOO LFK PLU HUVSDUHQ ZLU KDEHQ MHGHQIDOOV DOOHV JHWDQ XP VHLQH *DEHQ ZHLWHU]XELOGHQ XQG GDV PLW JXWHP (UIROJ -HW]W LVW VHLQH $XVELOGXQJ DEJHVFKORVVHQHUZDUWHWDXIVHLQHQHUVWHQ(LQVDW]XQGLFKVFKODJHLKQPLWYROOHU hEHU]HXJXQJIUGLH0LVVLRQDXI/XUXSYRU ,KUH $XJHQ EOLW]WHQ LKU *HVLFKW ZDU JHU|WHW XQG %XOO ZDU HLQ JXWHU 0HQVFKHQNHQQHU 'LHVH )UDX PHLQWH ZLUNOLFK ZDV VLH VDJWH XQG LKUH 0LWDUEHLWHU KDWWHQ ELVKHU GXUFKZHJ JXWH (UIROJH HU]LHOW $XHUGHP KDWWH HU RKQHKLQ NDXP HLQH :DKO GLH 0LWJOLHGHU GHU (;7HDPV ZDUHQ QFKWHUQH :LVVHQVFKDIWOHUXQG7HFKQLNHUPHKUQLFKW'DVJHQJWHQLFKWIUHLQHQ(LQVDW] DXI /XUXS GRUW ZXUGH MHPDQG JHEUDXFKW GHU XQWHU GHQ SULPLWLYHQ 0HQVFKHQ OHEHQ XQG VLFK LQ LKUH 3V\FKH YHUVHW]HQ NRQQWH 8QG ZHQQ GLHVHU 0DQQ VRJDU HLQ+DOEPXWDQWZDUNRQQWHHVNHLQHQEHVVHUHQJHEHQ ³2ND\ :HUD VDJWH GHU 0DUVFKDOO QDFK GLHVHQ hEHUOHJXQJHQ ³6FKLFNHQ ZLU DOVR GLHVHQ :XQGHUNQDEHQ GRUWKLQ =XYRU P|FKWH LFK LKQ DEHU SHUV|QOLFK NHQQHQOHUQHQ,VWHUKLHULQ,PSHULXP$OSKD" 'LH$EWHLOXQJVOHLWHULQQLFNWH³,FKNDQQLKQVRIRUWUXIHQODVVHQHUERWVLHVLFK GRFK %XOO\ ZHKUWH DE ³6DJHQ ZLU LQ ]ZHL 6WXQGHQ ,FK ZHUGH GHQ 0DQQ DXI PHLQH:HLVHWHVWHQXQGPLUGDQDQDFKPHLQ8UWHLOELOGHQ ³(LQ%HVXFKEHLP6WDDWVPDUVFKDOOSHUV|QOLFK"HQWIXKUHV)UDP%RUXQVSRQWDQ ³$XIHWZDVLQGLHVHU*U|HQRUGQXQJELQLFK*UHHQKRUQLQNHLQHU:HLVHJHIDW ²PXGDVZLUNOLFKVHLQ" ³(U ZLOO HV VR )UDP 1HKPHQ 6LH HV DEHU QLFKW VR WUDJLVFK %XOO LVW ZRKO GHU 6WHOOYHUWUHWHU3HUU\5KRGDQVGRFKHLQJDQ]DQGHUHU7\SDOVGLHVHUPLWLKPNDQQ PDQ XQJH]ZXQJHQ UHGHQ *HEHQ 6LH VLFK LKP JHJHQEHU VR QDWUOLFK ZLH P|JOLFKXQGQHKPHQ6LHNHLQ%ODWWYRUGHQ0XQGGDPLWNRPPHQ6LHDPEHVWHQ
DQ ³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lKULJHQ7HUUDQHUJOHLFK (U ZDU NQDSS JUR PLW HLQHP NDQWLJHQ *HVLFKW HLQHU KRKHQ 6WLUQ XQG KDOEODQJHP NDXP ]X ElQGLJHQGHQ EUDXQHP .UDXVKDDU 'HU VWlPPLJH .|USHU ZDUJXWGXUFKWUDLQLHUW)UDPV7HLQWZDUGXQNHOXQGOLHDKQHQGDXQWHUVHLQHQ 9RUIDKUHQDXFK1HJHURGHULUJHQGZHOFKH([RWHQJHZHVHQZDUHQ,QGHQOHW]WHQ ]ZDQ]LJ -DKUHQ ZDU HU ZHLW LQ GHU *DOD[LV KHUXPJHNRPPHQ PLW VHLQHQ JHLVWLJHQ *DEHQ HLQH GHU JURHQ =XJQXPPHUQ GHV =LUNXVVFKLIIV JHZHVHQ (QWVSUHFKHQG WLHI KDWWH :HUD LQ GLH 7DVFKH JUHLIHQ PVVHQ XP LKQ GRUW ORV]XHLVHQDEHUVLHKDWWHHVWURW]GHVEHVFKHLGHQHQ(WDWVGHU6HNWLRQJHUQJHWDQ ³0HKU 6HOEVWYHUWUDXHQ 0DQQ HUPXWLJWH VLH LKQ QXQ ³%XOO\ PDJ ]ZDU PDQFKPDOSROWHUQGRFKJHIUHVVHQKDWHUQRFKNHLQHQ$XHUGHPEUDXFKWHU6LH Q|WLJHUDOV6LHLKQVRPLWKDEHQ6LHHLQHJXWH6WDUWEDVLV 6LHZDUQLFKWPHQWDOVWDELOLVLHUW%RUXQVFKDOWHWHVLFKNXU]LQLKUH*HGDQNHQHLQ XQGZXWHGDQQGDVLHDXFKPHLQWHZDVVLHVDJWH'DVEHUXKLJWHLKQHUEHJDE VLFK ]XP 0LWWDJHVVHQ XQG VXFKWH GDQDFK GDV 'RPL]LO GHV 0DUVFKDOOV DXI 2EZRKO HU QLH 6ROGDW JHZHVHQ ZDU YHUVXFKWH HU GRUW HLQHQ VWUDPPHQ *UX GRFK%XOOZLQNWHQXUDE ³%UHFKHQ 6LH VLFK NHLQH 9HU]LHUXQJ DE 0DQQ EUXPPWH HU ³EHL PLU VSLHOW PLOLWlULVFKHU.OLPELPNHLQH5ROOH1XUDXIGDV.|QQHQNRPPWHVDQXQGZHQQ 6LHQXUKDOEVRJXWVLQGZLHGLH+D\GXNDJODXEWELQLFKVFKRQ]XIULHGHQ(U UHLFKWH)UDPGLH+DQGXQGIXKUIRUW³1HKPHQ6LH3ODW]VHKHQ6LHVLFKDQZDV DXI GHQ .ULVWDOOHQ GUDXI LVW KLHU LVW GLH )HUQEHGLHQXQJ VWRSSHQ 6LH GDV %LOG ZHQQQ|WLJ,FKKDEHGLHVDOOHVVFKRQ]ZHLPDOJHVHKHQDOVRDUEHLWHLFKLQGHVVHQ ZHLWHUWXQ6LHJDQ]VRDOVVHLLFKQLFKWGD (UVFKOXJHLQH$NWHDXIXQGYHUWLHIWHVLFKGDULQ)UDP%RUXQYHUORUDXFKVHLQH OHW]WHQ=ZHLIHOXQGVFKDOWHWHGDV$EVSLHOJHUlWHLQ8QGVFKRQGLHHUVWHQ%LOGHU IDV]LQLHUWHQLKQVRVHKUGDHUVHLQH8PJHEXQJUHVWORVYHUJDXQGVLFKYROODXI VLHNRQ]HQWULHUWH%LVKHUZXWHHUQXULQJUREHQ8PULVVHQZRUXPHVKLHUJLQJ GRFK QXQ VDK HU HV LQ DOOHQ (LQ]HOKHLWHQ GDV 7DO DXI /XUXS ,, GLH SULPLWLYHQ %DXWHQXQGLKUHDEJHULVVHQHQ%HZRKQHU $XFKLQHLQHP=LUNXVNRQQWHPDQQXU(UIROJKDEHQZHQQPDQVLFKJUQGOLFK DXI VHLQHQ $XIWULWW YRUEHUHLWHWH IROJOLFK ZDU )UDP DQ PHWKRGLVFKHV $UEHLWHQ JHZ|KQW ,PPHU ZLHGHU KLHOW HU GDV %LOG DQ XQG VWXGLHUWH DOOH *HJHEHQKHLWHQ VHKU JHQDX GHQQ DOOHU 9RUDXVVLFKW QDFK ZUGH HU GRUW OlQJHUH =HLW OHEHQ PVVHQ 'DUEHU YHUJLQJ IDVW HLQH YROOH 6WXQGH GHU +DOEPXWDQW ZDU JDQ] LQ VHLQH$UEHLWYHUVXQNHQXQGKDWWH=HLWXQG2UWYHUJHVVHQ
(U EHPHUNWH QLFKW GD 5HJLQDOG %XOOV $XJHQ LPPHU ZLHGHU YRQ GHU /HNWUH VHLQHU)ROLHQDEJOLWWHQXQGLKQDXIPHUNVDPEHREDFKWHWHQ(VZDUHLQKHLPOLFKHU 7HVW JDQ] RKQH GLH EOLFKHQ )UDJHQ DXI GLH HV PHLVW GRFK QXU JHKHPPWH JHVFK|QWH RGHU XQHKUOLFKH $QWZRUWHQ JDE GRFK HU VDJWH GHP 0DUVFKDOO DOOHV ZDVHUZLVVHQZROOWH (LQ0DQQGHUVHLQH$XIJDEHVRHUQVWQDKPZDUZLUNOLFKHLQJXWHU0DQQ'DV VWDQGIU%XOO\VFKRQQDFKGHU+lOIWHGHU=HLWIHVWHUVW|UWH)UDPMHGRFKQLFKW VRQGHUQ OLH LKQ ZHLWHUPDFKHQ $XFK DOV GDV *HUlW EHUHLWV DEJHODXIHQ ZDU YHUVWHOOWHHUVLFKLPPHUQRFK%RUXQVDKLKQ]XQlFKVWLUULWLHUWDQGDQQUlXVSHUWH HUVLFKXQGIUDJWHYRUVLFKWLJ³'DUILFK6LHMHW]WHLQPDOVW|UHQ6LU" ³$FK6LHVLQGMDDXFKQRFKGDNDPHVVFKHLQEDUYHUZXQGHUW]XUFN³:LUNOLFK NHLQHVFK|QH6DFKHGDDXI/XUXS,,QLFKWZDKU"(LQVROFKWRWDOHU5FNIDOOYRQ 0HQVFKHQ NRPPW QXU lXHUVW VHOWHQ YRU DEHU ZLU PVVHQ MHGHQIDOOV HWZDV IU VLHWXQXQGVLHZLHGHUYRUVLFKWLJDQXQVKHUDQIKUHQ7UDXHQ6LHVLFKGDV]X" 'DVZDUHLQHVHKUGLUHNWH)UDJHGHU)UDP%RUXQJHUQDXVJHZLFKHQZlUHGRFK HUGDFKWHDQ:HUD+D\GXNDV:RUWH ³%HNDQQWOLFK LVW IDVW QLFKWV XQP|JOLFK DOVR PWH DXFK GDV ]X VFKDIIHQ VHLQ 6LU HUNOlUWH HU ³=ZDU ZHL LFK QXQ HLQH JDQ]H 0HQJH EHU GLHVH /HXWH XQG NHQQH DXFK LKUH 6SUDFKH DEHU GLH 9RUDXVVHW]XQJHQ VLQG WURW]GHP DOOHV DQGHUH DOV RSWLPDO IUFKWH LFK 1LFKWV JHJHQ GDV 7HDP GHU (; DEHU HWZDV VHKU :LFKWLJHVKDWHVHEHQGRFKYHUVlXPW ³,QZHOFKHU+LQVLFKW"HUNXQGLJWHVLFK%XOO\VFKHLQEDUYHUlUJHUWGRFKQXQZDU )UDPQLFKWPHKU]XEUHPVHQ ³6LFKHUGDV6FKLIIGXUIWHQLFKWODQGHQXPGLH+DOEZLOGHQQLFKW]XHUVFKUHFNHQ GRFK HV JDE DXFK QRFK DQGHUH 0LWWHO 6LU ,FK DQ 6WHOOH GHU 9HUDQWZRUWOLFKHQ KlWWHHLQ%HLERRWDXVJHVFKLFNWGDVGHQDOWHQ5DXPHUDXIGHP3ODWHDXDQIOLHJHQ NRQQWHRKQHEHPHUNW]XZHUGHQ6FKOLHOLFKKDWGDULQLUJHQGMHPDQGYRUODQJHU =HLW GHQ 1RWUXIVHQGHU DNWLYLHUW DOVR LVW ]X YHUPXWHQ GD HU GDPDOV DXFK HLQH 1DFKULFKW KLQWHUODVVHQ KDW GLH SRWHQWLHOOH +HOIHU GDUEHU DXINOlUHQ NRQQWH ZDUXP GLH /HXWH /XUXS QLFKW PHKU YHUODVVHQNRQQWHQ'DVODJGRFKVHKUQDKH ²ZDUXPKDWQLHPDQGGDUDQJHGDFKW" -D ZHVKDOE HLJHQWOLFK QLFKW GDFKWH 5HJLQDOG %XOO XQG %RUXQ NOHWWHUWH LQ GHU 6NDODVHLQHU$FKWXQJHLQHZHLWHUH6SURVVHK|KHU'RFKHUZDU'LSORPDWJHQXJ XPQLFKWVHLQHHLJHQHQ/HXWHLQGLH3IDQQH]XKDXHQDOVR]XFNWHHUQXUPLWGHQ 6FKXOWHUQ ³6LHKDWWHQ%HIHKOQLFKWV]XULVNLHUHQZHLO'DEULIDVRQDKHLVWXQGGDUDQKDEHQ VLH VLFK HEHQ JHKDOWHQ -HW]W VLHKW QDWUOLFK DOOHV HWZDV DQGHUV DXV DEHU QXQ ODVVHQ ZLU GDV JHVFKHKHQ LVW JHVFKHKHQ ,PPHUKLQ OlW VLFK GDV 9HUVlXPQLV QRFKQDFKKROHQ6LHZHUGHQVLFKDOVR]XHUVWLQGDV6FKLIIEHJHEHQPVVHQHKH 6LHGHQ:HJLQV7DOGHU6WHLQ]HLWPHQVFKHQDQWUHWHQ )UDP %RUXQ VFKQDSSWH VHNXQGHQODQJ QDFK /XIW GRFK HU ILQJ VLFK VFKQHOO ZLHGHU ³'HPQDFK EHNRPPH LFK DOVR GHQ $XIWUDJ GDQNH 6LU ,FK N|QQWH QLFKW PHKU UXKLJ VFKODIHQ EHL GHP *HGDQNHQ GD DXI GLHVHU :HOW 0HQVFKHQ VLQQORV
GDKLQYHJHWLHUHQ VFKZHUH $UEHLW OHLVWHQ PVVHQ XQG YLHO IUKHU VWHUEHQ DOV HV Q|WLJZlUH ³1XQ YLHOOHLFKW VLQG VLH DXFK JDQ] JOFNOLFK GDEHL EHPHUNWH %XOO\ QDFKGHQNOLFK³:HQQMHPDQGQLFKWVDQGHUHVNHQQWDOVHUKDWLVWHUDXFKGDPLW ]XIULHGHQXQGYHUVXFKWQXUDXVDOOHPGDV%HVWHIUVLFK]XPDFKHQ 8Q]XIULHGHQZHUGHQGLH/HXWHLPPHUHUVWGDQQZHQQVLHVHKHQGDHVDQGHUH JLEWGHQHQHVEHVVHUJHKW$EHU]XU6DFKH$WODQZLOOGLHVHQ3ODQHWHQXPGRUW HLQHQ 6WW]SXQNW EDXHQ ]X N|QQHQ XQG GHP VWHKHQ GLH MHW]LJHQ %HZRKQHU LP :HJH 9HUVXFKHQ 6LH PLW LKQHQ .RQWDNW ]X EHNRPPHQ XQG LKQHQ DOOPlKOLFK EHL]XEULQJHQ GD HV DXFK QRFK DQGHUH :HOWHQ JLEW DXI GHQHQ VLH H[LVWLHUHQ N|QQHQ :LH GDV EOHLEW JDQ] ,KQHQ EHUODVVHQ LFK ZHUGH DEHU MHGHQIDOOV DOOHV WXQXP,KQHQHLQHQJXWHQ6WDUW]XVLFKHUQ,QGLHVHU+LQVLFKWKDEHQPHLQH/HXWH HLQLJH (UIDKUXQJ LFK ZHUGH DOOHV YHUDQODVVHQ ZDV QDFK /DJH GHU 'LQJH Q|WLJ LVW (LQ]HOKHLWHQ HUIDKUHQ VLH VSlWHU YRQ 0L +D\GXND VLH ZLUG DXFK ,KUH ZHLWHUH $XVELOGXQJ OHLWHQ 'DPLW JHQXJ IU MHW]W LFK ZQVFKH ,KQHQ DOOHV *OFNGDV6LHQXUEUDXFKHQN|QQHQ ³'DQNH6LUEUDFKWH)UDPKHUYRU 'LHQlFKVWHQ7DJHZXUGHQIULKQIDVW]XHLQHP$OSWUDXP 1LFKWQXU:HUD+D\GXNDEHNDP,QVWUXNWLRQHQDXV5HJLQDOG%XOOV%URVRQGHUQ DXFK HLQH 5HLKH YRQ 6SH]LDOLVWHQ DQGHUHU 6HNWLRQHQ 'LHVHQ ZXUGH QXQ )UDP %RUXQEHUVWHOOWHUZDQGHUWHLQPHKUHUH/DERUVXQGODJGRUWVWXQGHQODQJXQWHU GHQ+DXEHQYRQ+\SQR6FKXOXQJVJHUlWHQ6RJLQJHVIDVWYLHU7DJHODQJVHLQ SDUWLHOO OLPLWLHUWHV +LUQ PXFNWH ]ZDU LPPHU ZLHGHU DXI NDP MHGRFK JHJHQ GLHVHQ(LQIOXQLFKWDQ ,UJHQGZDQQ ZDU GDQQ DOOHV YRUEHL HU ZXUGH IU HLQHQ YROOHQ 7DJ LQ HLQHQ UHJHQHULHUHQGHQ7LHIVFKODIYHUVHW]W $OVHUGDUDXVHUZDFKWHJLQJ]XQlFKVWLQVHLQHP.RSIDOOHVZVWGXUFKHLQDQGHU DEHU QLFKW IU ODQJH (LQ VWDELOLVLHUHQGHV 0HGLNDPHQW EUDFKWH LKQ ZLHGHU ]XU 5XKH VHLQ *HLVW NOlUWH VLFK XQG SO|W]OLFK IKOWH HU VLFK ZLHGHU YROONRPPHQ ZRKO (U ULFKWHWH VLFK LQ VHLQHP %HWW DXI GLH .RQWDNWVHQVRUHQ HLQHV 0HGRFRPSXWHUV O|VWHQVLFKDXWRPDWLVFKYRQVHLQHP.|USHUXQGHLQ5RERWHUHUNXQGLJWHVLFKPLW PHORGLVFKHU $OWVWLPPH ³*HKW HV ,KQHQ ZLHGHU UHVWORV JXW 6LU" )U GHQ )DOO GD6LHQRFKLUJHQGZHOFKH%HVFKZHUGHQKDEHQELQLFKDQJHZLHVHQ ³6FKRQ JXW %OHFKNDPHUDG NQXUUWH )UDP XQG VFKZDQJ VHLQH %HLQH EHU GLH %HWWNDQWH 9LHOOHLFKW HWZDV ]X VFKQHOO GHQQ IU HLQLJH 6HNXQGHQ IOLPPHUWH HV YRU VHLQHQ $XJHQ DEHU GDV JLQJ EDOG ZLHGHU YRUEHL ³,FK EHVFKZHUH PLFK GDUEHU YRQ GLU DOV .UDQNHU DQJHVHKHQ ]X ZHUGHQ NODU" ,FK ELQ JHVXQG XQG YROONRPPHQ+HUUPHLQHU6LQQHPLUIHKOWQLFKWVDXHUHLQHUNUlIWLJHQ0DKO]HLW ²KRIIHQWOLFKEHNRPPHLFKGLHVHEDOG ³6LHVWHKWVFKRQIU6LHEHUHLWIROJHQ6LHPLUELWWH )UDP%RUXQWDWQLFKWVOLHEHUDOVGDVVHLQ0DJHQVFKLHQUHVWORVOHHU]XVHLQ(U ZDU HV DXFK ZLUNOLFK GHQQ LQ GHQ OHW]WHQ 7DJHQ KDWWH PDQ LKP QXU IOVVLJH 1DKUXQJ]XJHIKUWDEHUGDYRQZXWHGHU+DOEPXWDQWQLFKWVPHKU(UOHJWHVLFK
GHQEHUHLWOLHJHQGHQZHLFKHQ)URWWHHPDQWHOXPWDSSWHLQHLQHQ1HEHQUDXPXQG IDQGGRUWHLQHQ7LVFKYRUYRQGHPYHUORFNHQGH'IWHDXIVWLHJHQ*LHULJPDFKWH HUVLFKEHUHLQULHVLJHV6WHDNKHUYHUWLOJWHDXFKDOOH%HLODJHQUHVWORVXQGVSOWH PLWZRKOVFKPHFNHQGHQ9LWDPLQVlIWHQQDFK 'DQQ VWLH HU JHQXYROO DXI ODQJWH QDFK HLQHP %HKlOWHU YROOHU EHVWHU WHUUDQLVFKHU =LJDUHWWHQ XQG VWHFNWH VLFK HLQH GDYRQ DQ ,KP ZDUHQ MHGRFK QXU ZHQLJH WLHIH =JH YHUJ|QQW GDQQ UDXVFKWH HLQ /DXWVSUHFKHU XQWHU GHU 5DXPGHFNHDXIXQGHLQHPlQQOLFKH6WLPPHVDJWHODNRQLVFK ³:LU IUHXHQ XQV GD HV ,KQHQ JXW JHVFKPHFNW KDW )UDP DEHU QXQ PX HV ZHLWHUJHKHQ.RPPHQ6LHELWWHGXUFKGLH7UDQGHUOLQNHQ6FKPDOVHLWHGDPLW ZLUGLH$EVFKOXXQWHUVXFKXQJYRUQHKPHQN|QQHQ 6HXI]HQG GUFNWH )UDP GHQ *OLPPVWHQJHO DXV PDUVFKLHUWH ORV XQG NDP LQ HLQ 0HGRODERU GDV LKP HQWIHUQW EHNDQQW YRUNDP 6HLQH %HLQH ZROOWHQ GRFK QRFK QLFKWVRUHFKWXQGLQVHLQHPGHUIHVWHQ1DKUXQJHQWZ|KQWHQ0DJHQUXPRUWHHV XQDQJHQHKP (LQ lOWHUHU $U]W HUZDUWHWH LKQ XQG VWHOOWH GLH REOLJDWRULVFKHQ )UDJHQ³:LHIKOHQ6LHVLFK)UDP" ³:HQQ 6LH V JHQDX ZLVVHQ ZROOHQ ZLH DXVHLQDQGHUJHQRPPHQ XQG YHUNHKUW KHUXPZLHGHU]XVDPPHQJHVHW]WPXUUWH%RUXQOLHVLFKLQGHQDQJHZLHVHQHQ 6WXKO VLQNHQ XQG PDVVLHUWH VHLQHQ /HLE 'HU 0HGL]LQHU OlFKHOWH ZRKOZROOHQG ³,FKVHKHVFKRQZDVORVLVWKLHUVFKOXFNHQ6LHGDVGDQQZLUGHVEDOGEHVVHU ,P EULJHQ LVW GDV HLQ VFKDXGHUKDIWHV ,GLRP GDV 6LH GD EHQXW]HQ NOLQJW IDVW VFKRQZLH.UDDKPDN ³,GLRP" ZXQGHUWH VLFK )UDP GRFK GDQQ EHJULII HU ³6LH KDEHQ PLU DOVR DXFK GLH6SUDFKHGHU/XUXSHUHLQJHWULFKWHUWMHW]WPHUNHLFKHVVHOEVW:DVKDEHQ6LH VRQVWQRFKJHWDQ" ³'U +HU]HO VWHOOWH VLFK GHU $U]W YRU ZlKUHQG HU GLH .RQWDNWH HLQHV 'LDJQRVHFRPSXWHUVDQOHJWH³(LQHJDQ]H0HQJHLFKNDQQ,KQHQJDUQLFKWDOOHV HLQ]HOQ DXI]l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³:LUZHUGHQLQHLQHU 6WXQGHDXI/XUXS,,ODQGHQ6SH]LDOLVW%RUXQ.RPPHQ6LHELWWHLQGLH=HQWUDOH GHU.RPPDQGDQWHUZDUWHW6LH (V ZXUGH DOVR ODQJVDP HUQVW XQG )UDP VDK VHLQHU =XNXQIW QLFKW RKQH HLQH JHZLVVH6NHSVLVHQWJHJHQ (UEHIDQGVLFKDQ%RUGGHU(;GLHIUVHLQHQ7UDQVSRUWJHZlKOWZRUGHQ ZDU ZHLO LKUH %HVDW]XQJ GHQ =LHOSODQHWHQ EHUHLWV NDQQWH %LV DXI 3URIHVVRU
1HXPDQQXQG'U1RG]DPEDUDZDUMHGRFKGDVZLVVHQVFKDIWOLFKH7HDPDXIGHU (UGH]XUFNJHEOLHEHQXQGDXFKVLHZDUHQQXUGDEHLXPLKQ]XEHUDWHQHKHHU LQGHQ(LQVDW]JLQJ (UOLHVLFK=HLWXQGUDXFKWHQRFKHLQH=LJDUHWWHLP%HZXWVHLQGDHVIUHLQH ODQJH6SDQQHVHLQHOHW]WHZDU'LH3ULPLWLYHQDXI/XUXSNDQQWHQVROFKH*HQVVH QLFKW²XQGZDVVLHVRDOOHVHVVHQPRFKWHQGDUEHUGDFKWHHUYRUVLFKWVKDOEHU HUVWJDUQLFKWQDFK $OV HU LP .RPPDQGRUDXP HLQWUDI VWDQG GDV %LOG GHV 3ODQHWHQ VFKRQ IXEDOOJUR DXI GHP 3DQRUDPDVFKLUP XQG ZXUGH VFKQHOO QRFK JU|HU 6HLQH EODXZHLH 0DVHUXQJ HULQQHUWH VHKU DQ GLH (UGH XQG )UDP ZXWH GD GLH 9HUKlOWQLVVH GRUW ]LHPOLFK lKQOLFK ZDUHQ =XPLQGHVW ZDV /XIW XQG .OLPD EHWUDIDEHUVRQVWZDUDOOHVJUDYLHUHQGDQGHUV ³.RSIKRFK)UDPVDJWHGLH$IULNDQHULQGLHVHLQH*HGDQNHQ]XHUUDWHQVFKLHQ ³6LFKHUHVGUIWHKDUWIU6LHZHUGHQDEHU%XOOV/HXWHKDEHQZLUNOLFKDOOHVIU 6LH JHWDQ ZDV PHQVFKHQP|JOLFK LVW 6ROOWH HV WURW]GHP LUJHQGZLH NULWLVFK ZHUGHQN|QQHQ6LHLPPHUQRFKLQGDVDOWH6FKLII]XUFNNHKUHQ ³,FKJODXEHQLFKWGDHVGD]XNRPPHQZLUGEHPHUNWH1HXPDQQRSWLPLVWLVFK ³'HP 6FKXOXQJVEHULFKW QDFK VLQG 6LH RSWLPDO DXI GHQ (LQVDW] YRUEHUHLWHW 6LH ZLVVHQ HV QXU QRFK QLFKW 'LH .HQQWQLVVH ZHUGHQ DEHU GD VHLQ ZHQQ 6LH VLH EUDXFKHQXQGDXHUGHPKDEHQ6LHMDDXFKQRFK,KUHJHLVWLJHQ*DEHQ 6HHOHQPDVVDJH QDQQWH PDQ GDV GRFK VLH HUUHLFKWH LKU =LHO 'HU +DOEPXWDQW QLFNWH GDQNEDU GDQQ ZLQNWH LKQ 0DMRU 3HVFDUR]XVLFKXQGVDJWH³5HSHWLHUHQ ZLU QRFK HLQPDO DOOHV GDPLW HV QDFKKHU NHLQH )HKOHU JLEW 0U %RUXQ 6LH ZLVVHQ GD ZLU XQV QLFKW OlQJHU DOV Q|WLJ KLHU DXIKDOWHQ VROOHQ GDV ,PSHULXP 'DEULIDLVWXQDQJHQHKPQDKH'LH(;ODQGHWQLFKW6LHZHUGHQYRQHLQHP %HLERRW ]XU 63$&( 6:$//2: JHEUDFKW GLH ,KQHQ DOV %DVLV GLHQHQ VROO (V KDW,KUHJHVDPWH$XVUVWXQJDQ%RUGHEHQVRHLQHNOHLQH$QWLJUDYSODWWHGLH6LH GXUFK )HUQVWHXHUXQJ EHGLHQHQ N|QQHQ $OOHV ZLUG VR VFKQHOO ZLH P|JOLFK DXVJHODGHQXQGGDQQ )UDP%RUXQK|UWHJHGXOGLJ]XREZRKOHUDOOHVVFKRQDXVZHQGLJZXWH ³2ND\ 0DMRU VDJWH HU VFKOLHOLFK ³$OOHUGLQJV GUIWH HV QW]OLFK VHLQ ZHQQ 6LH PLU DXHUGHP QRFK HLQ SDDU 6SH]LDO(QHUJLH]HOOHQ IU 5RERWHU PLWJHEHQ GHQNH LFK 'LH 6:$//2: KDWWH DXFK ]ZHL 0HGRURERWV DQ %RUG XQG HV LVW P|JOLFK GD VLH DXFK KHXWH QRFK H[LVWLHUHQ :HQQ LFK VLH ZLHGHU DNWLYLHUHQ NDQQN|QQHQVLHPLUYLHOOHLFKWVHKUQW]OLFKVHLQ (U EHNDP VHLQH =HOOHQ GHU 3URIHVVRU VFKOXJ LKP DXI GLH 6FKXOWHU XQG PHLQWH OlFKHOQG ³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
JHNRPPHQ (LQ NXU]HU $EVFKLHG GDQQ VXFKWH HU ]XVDPPHQ PLW GHP ]ZHLWHQ 3LORWHQ GHQ +DQJDUDXI 'DV%HLERRWJOLFKLQVHLQHU)RUPHLQHU6SDFH-HWZDUDEHUQXUKDOEVRJURXQG XQEHZDIIQHWDOOHLQ]XUIULHGOLFKHQ(UNXQGXQJIUHPGHU:HOWHQJHGDFKW)UGHQ MHW]LJHQ =ZHFN JHQJWH HV YROODXI HV ZXUGH QXQ HLOLJ DXVJHVFKOHXVW XQG ILHO /XUXS ,, HQWJHJHQ )UDP %RUXQ ULHI VLFK GLH %LOGHU GHU 6SHLFKHUNULVWDOOH LQV *HGlFKWQLV]XUFNXQGHUNOlUWHGDQQ ³:LU N|QQHQ HV XQV HLQIDFKHU PDFKHQ 0DF $OOH 6FKOHXVHQ GHU 63$&( 6:$//21 VWHKHQ RIIHQ IOLHJHQ 6LH DOVR GLUHNW LQ GLH JU|WH HLQ 'RUW LVW JHQJHQG3ODW]IUPHLQH$XVUVWXQJXQGVSlWHUNDQQLFKPLWGHU$JUDYSODWWH DOOHVKLQDXVVFKDIIHQZDVLFKEUDXFKH ³$\HD\H6LU 'DV %RRW WDXFKWH ZHLWDE GHV +RFKSODWHDXV LQ GLH $WPRVSKlUH HLQ JLQJ ]XP 7LHIIOXJ EHU XQG ZXUGH UHFKW]HLWLJ DEJHEUHPVW $OV GDV DOWH 6FKLII LQ 6LFKW NDPVFKOLFKHVI|UPOLFKLQQXUQRFKKXQGHUW0HWHU+|KHJHUlXVFKORVGDKLQGHU 3LORWIORJHLQH6FKOHLIHXPVLFK]XRULHQWLHUHQ'DQDFKODQGHWHHUGDV)DKU]HXJ JODWW LQ GHU GXUFK GLH 0RUJHQVRQQH HUKHOOWHQ /DVWHQVFKOHXVH XQG GDQQ JLQJ DOOHVVHKUVFKQHOO .HXFKHQG KLHYWHQ GLH EHLGHQ 0lQQHU ]ZHL NOHLQH &RQWDLQHU KLQDXV GLH 3ODWWIRUPVFKZHEWHKLQWHUKHU-DKU]HKQWHDOWHU6WDXEZLUEHOWHDXI)UDPNHXFKWH XQG VSXFNWH XQG ULHE VLFK GLH WUlQHQGHQ $XJHQ $OV HU VLH ZLHGHU |IIQHWH VFKZHEWH GDV %RRW EHUHLWV ZLHGHU LQV )UHLH XQG HQWVFKZDQG VHLQHP %OLFN HU ZDUQXQHQGJOWLJDOOHLQ $OOHLQ DXI HLQHP XQEHNDQQWHQ ZLOGHQ 3ODQHWHQ PLW GHP $XIWUDJ HLQH +RUGH YHUZLOGHWHU YROONRPPHQ SULPLWLYHU 0HQVFKHQ VRZHLW ]X EULQJHQ GD VLH IUHLZLOOLJ LKUH :HOW YHUOLHHQ GDPLW HLQ JHZLVVHU /RUGDGPLUDO GLHVH EHUQHKPHQ XQG GDUDXI VHLQHQ *HKHLPVWW]SXQNW JHJHQ 'DEULID HUULFKWHQ NRQQWH ³:RUDXI KDEH LFK PLFK GD QXU HLQJHODVVHQ VW|KQWH )UDP %RUXQ ³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|KH )DOOV HV KLHU DQ %RUG EHUKDXSW HWZDV EHU GLH 9RUNRPPQLVVH YRU IDVW -DKUHQ ]X HUIDKUHQ JLEW GDQQGRUWVDJWHVLFKGHU+DOEPXWDQWXQGQXQZXUGHHUDNWLY 'HU6WDXEKDWWHVLFKLQ]ZLVFKHQJHOHJWYRQGUDXHQGUDQJIULVFKH/XIWPLWGHP
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²LUJHQGZRHLQHHUNOlUHQGH1DFKULFKWKLQWHUODVVHQ(LQH1DFKULFKW IUSRWHQWLHOOH+HOIHUGLHQXUQLHJHNRPPHQZDUHQ %RUXQEHUOHJWHQLFKWPHKUODQJHVRQGHUQEHJDQQ]XKDQGHOQ (U |IIQHWH HLQ )DFK DQ GHU 6WHXHUXQJ GHU $QWLJUDYSODWWH XQG KROWH HLQHQ +DQGVFKHLQZHUIHUKHUYRUVRZLHHLQLJHDQGHUH+LOIVPLWWHO'LHVHYHUVWDXWHHULQ HLQHU8PKlQJHWDVFKHVFKDOWHWHGDQQGDV/LFKWHLQXQGJLQJORV (U EUDXFKWH QLFKW ZHLW ]X JHKHQ GHQQ GLH 6:$//2: ZDU NOHLQ GLH 6HLWHQNRUULGRUH LJQRULHUWH HU 'DQQ VWDQG HU YRU GHP (LQJDQJVVFKRWW ]XU 6WHXHU]HQWUDOH GRFK HV ZDU JHVFKORVVHQ XQG HU IOXFKWH OHLVH 'D HV NHLQH (QHUJLHJDEPXWHHUHVPDQXHOO|IIQHQXQGGDVZDUQDWUOLFK6FKZHUVWDUEHLW QDFKGHPHVDQGHUWKDOE-DKUKXQGHUWHODQJRKQH:DUWXQJJHEOLHEHQZDU =HKQ 0LQXWHQ .XUEHOHL DP +DQGUDG HU PXWH VHLQHQ .|USHU I|UPOLFK GDUDQ KlQJHQGDPLWHVVLFKEHUKDXSWNQDUUHQGXQGTXLHWVFKHQGEHZHJWH'DQDFKZDU )UDPV *HVLFKW VFKZHLEHUVWU|PW DEHU GDV 6FKRWW ZDU VR ZHLW RIIHQ GD HU KLQGXUFKNRQQWH(UJ|QQWHVLFKHLQHKDOEH0LQXWH3DXVHWURFNQHWHGLH6WLUQPLW HLQHP7XFKXQGGDQQWUDWHUGXUFKGLHgIIQXQJ 'LH/XIWZDUDEJHVWDQGHQGRFKZHQLJVWHQVJDEHVLQGHU=HQWUDOHNHLQHQ6WDXE (UOLHGHQ6WUDKOGHV6FKHLQZHUIHUVZDQGHUQHQWGHFNWHMHGRFKQLUJHQGVHWZDV GDVXQJHZ|KQOLFKRGHUVRQVWDXIIDOOHQGJHZHVHQZlUH/DQJVDPJLQJHUZHLWHU DXI GHQ 6LW] GHV 3LORWHQ XQG GDV .RPPDQGRSXOW ]X GHQQ GRUW VROOWH HLQH HYHQWXHOOH1DFKULFKWDPHKHVWHQ]XILQGHQVHLQ 'DV/LFKWGHU/DPSHVSLHJHOWHVLFKLQGHQGXQNOHQ,QVWUXPHQWHQXQG0RQLWRUHQ ZLHLQWRWHQ$XJHQGRFKGHU+DOEPXWDQWVFKHQNWHGHPNHLQH$XIPHUNVDPNHLW 6HLQH$XJHQZDQGHUWHQXPKHUDXIPHUNVDPDXIMHGH.OHLQLJNHLWEHGDFKWDEHU YHUJHEHQV .HLQH )ROLH NHLQ 6WFN 3DSLHU DXFK QLFKW DP )XQN RGHU 1DYLJDWRUHQSXOW RGHU YRU GHP 6LW] GHV .RPPDQGDQWHQ 6ROOWHQ VHLQH hEHUOHJXQJHQVRIDOVFKJHZHVHQVHLQ" )UDP IOXFKWH QRFKPDOV ILQJHUWH DXWRPDWLVFK LQ GLH %UXVWWDVFKH VHLQHU .RPELQDWLRQ XQG HQWGHFNWH GDULQ WDWVlFKOLFK HLQH QRFK KDOE YROOH =LJDUHWWHQSDFNXQJ 'DV EHUUDVFKWH LKQ VHOEVW NDP LKP DEHU VHKU JHOHJHQ HU VWHFNWH VLFK HLQ 6WlEFKHQ DQ XQG SDIIWH QHUY|V YRU VLFK KLQ ³9HUGDPPW ,UJHQGHWZDV PX HV GRFK JHEHQ PXUPHOWH HU ³'DV 6FKLII KDW NHLQHQ +\SHUIXQN1RWVHQGHU QHKPH LFK DQ RGHU HU ZDU GHIHNW VRQVW KlWWH PDQ LKQ GRFKEHQXW]W)ROJOLFKPXWHVLFKGLH3HUVRQGLHGHQHLQIDFKHQ6HQGHUDNWLYLHUW KDWGRFKVDJHQGDHVVHKUODQJHGDXHUQZUGH (U EUDFK DE GHQQ QXQ KDWWH HU KDOE GXUFK HLQHQ GHU .RQWXUVLW]H YHUERUJHQ
HLQHQ JU|HUHQ *HJHQVWDQG DXI GHP %RGHQ HQWGHFNW 5DVFK ULFKWHWH HU GHQ 6FKHLQZHUIHUVWUDKOGRUWKLQXQGGDQQHQWIXKULKPHLQ/DXWGHUhEHUUDVFKXQJ ³6LHKDQHLQ5RERWHU(LQVHKUDOWHV0RGHOO]ZHLIHOORVHLQHUGHUEHLGHQ0HGRV ²MHW]WZHLLFKZDVLFKWXQPX (U KHIWHWH GLH /DPSH YRU VHLQH %UXVW NQLHWH QLHGHU XQG KROWH HLQH GHU (QHUJLH]HOOHQ KHUYRU (LQ NXU]HU 'UXFN GDQQ VSUDQJ HLQH .ODSSH DXI XQG HU KROWH GLH OHHUH =HOOH DXV GHP 0DVFKLQHQN|USHU KHUDXV 6WDWW LKUHU VHW]WH HU GLH YROOHHLQGDQDFKGUFNWHHUGHQ$NWLYLHUXQJVNQRSIXQGULFKWHWHVLFKZLHGHUDXI (LQ OHLVHV 6XPPHQ ZXUGH K|UEDU GLH *OLHGPDHQ GHV 5RERWHUV EHJDQQHQ XQNRQWUROOLHUW]X]XFNHQ*OHLFKGDUDXIOHXFKWHWHQVHLQH6HK]HOOHQDXIHUHUKRE VLFKQXQEHUUDVFKHQGVFKQHOOXQGZDQGWHVLFKGHP+DOEPXWDQWHQ]X ³,FK ELQ 0HGRURERW 1U YRP 7\S 0' 0U 0DUJLQ KDW PLU GHQ (LJHQQDPHQ0RULW] JHJHEHQ'DUILFKQXQDXFKHUIDKUHQZHU6LHVLQG6LU (VKDWJHNODSSWGDFKWH)UDPDXIDWPHQGWUDWVHLQH.LSSHDXVXQGJDE]XUFN ³6SH]LDOLVW )UDPB%RUXQ GHU 6RODUHQ ([SORUHUIORWWH QDFK /XUXS ,, HQWVDQGW QDFKGHP GLH 1RWVLJQDOH GHU 63$&( 6:$//2: DXIJHIDQJHQ ZXUGHQ 'LHVHU 0U0DUJLQOHEWQLFKWPHKUGHQQVHLWGHU$QNXQIWGHV6FKLIIHVKLHUVLQGVFKRQ -DKUHYHUJDQJHQ ³'DVEHGDXUHLFKQDWUOLFKVDJWH0RULW]³GRFKHVLVWORJLVFKGHQQGDV/HEHQ YRQ 0HQVFKHQ LVW EHJUHQ]W /HLGHU LVW 0U 'LOORQ VFKRQ YLHO IUKHU JHVWRUEHQ GHUPHLQHQ*HIlKUWHQ0D[XQGPLFKPLW+LOIHGHU%RUGSRVLWURQLNWHLOZHLVHQHX SURJUDPPLHUWXQG]XVHLQHQ*HKLOIHQJHPDFKWKDW9RQLKPVWDPPWHDXFKGHU %HIHKOGHQ6HQGHU]XDNWLYLHUHQDOVPHLQ(QHUJLHYRUUDW]X(QGHJLQJ ³:HVKDOE KDW HU GDV QLFKW VHOEVW JHWDQ XQG GHP 1RWUXI ZHQLJVWHQV HLQH (UNOlUXQJKLQ]XJHIJW"IUDJWH)UDPYHUZXQGHUW ³'DVNRQQWHHUQLFKWGHQQHUZDUVHKUNUDQN6LU:LUKDEHQZRKODOOHVJHWDQ XP VHLQ /HEHQ ]X YHUOlQJHUQ GRFK GDV *LIW ZDU ]X VWDUN XQG VHLQ 7RG XQYHUPHLGOLFK ³*LIW²ZDVIUHLQ*LIW"HUNXQGLJWHVLFK%RUXQEHVWU]WXQGGLH$QWZRUWZDU HLQI|UPOLFKHU6FKRFNIULKQ ³'DVVHOEH *LIW GDV DOOH 0HQVFKHQ GHV 6FKLIIHV DXV 8QNHQQWQLV PLW HLQHP *HWUlQN JHQRVVHQ KDEHQ 6LU ,KQ KDW HV JHW|WHW ZHQQ DXFK HUVW QDFK HLQLJHU =HLW VHLQ *HKLUQ GDJHJHQ ZXUGH QLFKW JHVFKlGLJW ZLH EHL DOOHQ DQGHUHQ GLH ]ZDUZHLWHUOHEWHQMHGRFKIDVWRKQHDOOH,QWHOOLJHQ] )UDP %RUXQV .QLH ZXUGHQ ZHLFK HU OHKQWH VLFK VFKZHU JHJHQ GHQ .RQWXUVLW] XQGVHLQH*HGDQNHQUDVWHQ (LQ *LIW DOVR GDV GLH 0HQVFKHQ YHUGXPPHQ OLH 'DV HUNOlUWH VFKODJDUWLJ IDVW DOOHV YRU DOOHP GHQJHZDOWLJHQ]LYLOLVDWRULVFKHQ5FNIDOOELVKLQ]XU6WHLQ]HLW 'RFKQRFKIHKOWHQLKPYLHOHZLFKWLJH,QIRUPDWLRQHQDOVREHXJWH)UDPVLFKYRU XQGIRUGHUWH ³8QWHUULFKWH PLFK VRIRUW EHU DOOHV ZDV GDPDOV JHVFKHKHQ LVW 0RULW] (V LVW PHLQ$XIWUDJGHQ1DFKNRPPHQGHLQHUIUKHUHQ+HUUHQ]XKHOIHQGLHGUEHQLQ HLQHP7DOXQWHUSULPLWLYVWHQ%HGLQJXQJHQOHEHQDEHU]XYRUPXLFKDOOHVEHU GLHIUKHUHQ(UHLJQLVVHZLVVHQ
³6HOEVWYHUVWlQGOLFK6LUVDJWH0RULW]³(EHQGLHVH$XIJDEHKDWPLU0U'LOORQ EHUWUDJHQ]ZDUQLFKWVSH]LHOOIU,KUH3HUVRQDEHUIU0HQVFKHQGLHHYHQWXHOO KLHUODQGHQXQGPLFKGDQQZLHGHUUHDNWLYLHUHQZUGHQ0HLQ,QIRUPDWLRQVVWDQG EHUGLHOHW]WHQ-DKUHLVWMHGRFKQXOODOVRPXPHLQ%HULFKWORJLVFKHUZHLVH VHKUXQYROOVWlQGLJVHLQ ³+LPPHOGDVZHLLFKVHOEVWVFKQDXIWH)UDPGHPGLHJHVWHO]WH5HGHDXIGLH RKQHKLQ VWUDSD]LHUWHQ 1HUYHQ JLQJ 'RFK VR ZDUHQ 5RERWV QXQ HLQPDO DOVR VWHFNWHHU]XUFNXQGQLFNWH³6FKRQJXW0RULW]IDQJDOVRDQ 'HU %HULFKW GDXHUWH IDVW HLQH KDOEH 6WXQGH ]XZHLOHQ GXUFK (LQZUIH GHV +DOEPXWDQWHQ XQWHUEURFKHQ 'DQQ JULII GLHVHU QDFK HLQHU QHXHQ =LJDUHWWH XQG EHPKWHVLFKDOOHVJHGDQNOLFKDXI]XDUEHLWHQXQGLQHLQ6FKHPD]XEULQJHQ'DV JHODQJLKPHLQLJHUPDHQXQGVFKOLHOLFKVFKlOWHVLFKIROJHQGHV%LOGKHUDXV 5HLVHOHLWHU $UW 'LOORQ KDWWH WURW] VHLQHU GXUFK GDV =LWRQ% VFKZHU DQJHVFKODJHQHQ *HVXQGKHLW IDVW hEHUPHQVFKOLFKHV JHOHLVWHW ,KP DOV HUIDKUHQHP 3URVSHNWRU ZDU NODU JHZHVHQ GD GLH GHELO JHZRUGHQHQ 0HQ VFKHQ QLFKW DXI GHP +RFKSODWHDX EOHLEHQ NRQQWHQ GRUW ZDUHQ GLH ([LVWHQ]EHGLQJXQJHQ ]X VFKOHFKW $XFK EHVWDQG GLH *HIDKU GD HV HLQHP YRQ LKQHQ JHODQJ LQ GDV 6FKLII ]X NRPPHQ ² XQG GDV NRQQWH VFKOLPPH )ROJHQ ]HLWLJHQZHQQGHU9HUGXPPWHGDQQ]LHOORVDQGHQ.RQWUROOHQKHUXPVSLHOWH 'LOORQXQGGLH5RERWHUNRQQWHQGLH/HXWHQLFKWVWlQGLJLP$XJHEHKDOWHQLKQHQ VWDQG HLQH ZDKUH 6LV\SKXVDUEHLW EHYRU (KH GLHVH QLFKW YROOVWlQGLJ DEJH VFKORVVHQZDUNRQQWHQDXFKGLH0HLOHUQLFKWVWLOOJHOHJWZHUGHQXQGVRELVLFK GLH6FKODQJHLQGHQ6FKZDQ]'RFK'LOORQZXWHVLFK]XKHOIHQXQGVROLHHU VHLQHQ 6FKW]OLQJHQ PLW GHP $EHQGHVVHQ HLQ 6FKODIPLWWHO YHUDEIROJHQ 1DFK $QEUXFK GHU 1DFKW EHJDE HU VLFK PLW GHQ 0HGRURERWV LQ GLH 6:$//2: HUNOlUWH GRUW GHU %RUGSRVLWURQLN VHLQH 3UREOHPH XQG HUUHLFKWH GD GLHVH 0D[ XQG0RULW]HLQHQWVSUHFKHQGHV=XVDW]SURJUDPPHLQJDE 'DVZDUHLQJURHU6FKULWWYRUZlUWVXQG$UWKDWWHGDQQVFKQHOOXQGNRQVHTXHQW JHKDQGHOW%HLPHUVWHQ0RUJHQOLFKWZDUHUPLWVHLQHQ*HKLOIHQKLQEHULQV7DO JHIORJHQ XQG KDWWH HLQHQ JQVWLJHQ 2UW IU GLH (UULFKWXQJ HLQHU $QVLHGOXQJ DXVJHVXFKW'DQDFKPXWHQGLH'HELOHQZLHGHUYHUVRUJWZHUGHQGLHLQ]ZLVFKHQ HUZDFKW ZDUHQ LKQHQ KDWWH HU VLFK DQIDQJV KDXSWVlFKOLFK JHZLGPHW XQG DXFK HUUHLFKWGDVLHLKPJHKRUFKWHQ$XVHLJHQHP$QWULHEWDWHQVLHSUDNWLVFKQLFKWV GRFKGDVZDUXQWHUGLHVHQ8PVWlQGHQVRJDUHLQ9RUWHLO 8PVRDNWLYHUZDUHQ0D[XQG0RULW]JHZHVHQ 6LH KDWWHQ GLH .OLPD]HOWH DEJHEDXW XQG PLW GHQ 3ODWWIRUPHQ LQV 7DO JHVFKDIIW XP VLH GRUW QHX DXI]XVWHOOHQ 'DV PXWH IU GHQ $QIDQJ JHQJHQ VWDELOHUH 8QWHUNQIWHNRQQWHQVSlWHUJHEDXWZHUGHQ8QGGDQQJLQJHV6FKODJDXI6FKODJ GLH5RERWHUKDWWHQZLUNOLFKYLHOªJHOHUQW©XQGIKUWHQDOOH$QRUGQXQJHQ'LOORQV VLQQYROODXVZlKUHQGHUVHOEVWPLWGHQ/HXWHQGHU6:$//2:VRHWZDVZLHHLQ 9HUKDOWHQVWUDLQLQJDEVROYLHUWH =ZDUQXUPLWPlLJHP(UIROJGRFKHUEUDFKWHVLHLPPHUKLQZLHGHUVRZHLWGD VLH HLQH JHZLVVH +\JLHQH ZDKUWHQ XQG GDV ZDU ZLFKWLJ 9HUVRUJW ZXUGHQ VLH ZHLWHU YRP .FKHQ]HOW HV ZXUGH HUVW DEJHEDXW XQG ZHJJHEUDFKW DOV DOOHV
DQGHUH JHUHJHOW ZDU 'DV GDXHUWH YLHU YROOH 7DJH GRFK GDQQ NRQQWH GLH 8PVLHGOXQJGHU9HUGXPPWHQYRUJHQRPPHQZHUGHQ 'DVZDUPLWWHOVGHU$JUDYSODWWIRUPHQJHVFKHKHQRKQHGDHV]XQHQQHQVZHUWHQ =ZLVFKHQIlOOHQ JHNRPPHQ ZlUH $UW 'LOORQ KDWWH VLFK PLW VWLPXOLHUHQGHQ 'URJHQKDOEZHJVILWJHKDOWHQREZRKOHUZXWHGDGLHVVHLQ/HEHQQRFKZHLWHU YHUNU]WH *DQ] ]XOHW]W KDWWH HU VLFK QRFK HLQPDO LQV 6FKLII EHJHEHQ XQG YHUVXFKW PLW GHP +\SHUVHQGHU HLQHQ 1RWUXI DE]XVWUDKOHQ 'LHVHU ZDU MHGRFK GHIHNWJHZHVHQ$UWKDWWH]ZDUHUELWWHUWJHIOXFKWDEHUGDVKDOIQLFKWV 'DUDXIKLQ KDWWH HU GHQ 1RUPDOVHQGHU HQWVSUHFKHQG SURJUDPPLHUW DEHU QRFK QLFKWLQ%HWULHEJHQRPPHQ(UZROOWH]XQlFKVWDEZDUWHQREVHLQH%HPKXQJHQ YRQ(UIROJJHNU|QWZDUHQHKHHUGLHJHVDPWH8PJHEXQJDODUPLHUWH'DQQKDWWH HU ELV DXI GLH 6FKOHXVHQDXWRPDWLN DOOH 6\VWHPH GHU 63$&( 6:$//2: VWLOOJHOHJWXQGZDULQV7DO]XUFNJHIORJHQ 'DQDFK KDWWH HU QRFK HLQ -DKU ODQJ JHOHEW YRQ 0D[ XQG 0RULW] EHWUHXW XQG ]XOHW]WJHSIOHJWDOVHVLKPLPPHUVFKOHFKWHUJLQJ 'DV 'DVHLQ GHU GHELOHQ 0HQVFKHQ KDWWH HLQH JHZLVVH 6WDELOLWlW HUODQJW ZHQQ DXFKDXIVHKUQLHGULJHP1LYHDX9HUVRUJWZXUGHQVLHLQGLHVHU=HLWLPPHUQRFK DXV GHQ %HVWlQGHQ GHV 6FKLIIHV GRFK VLH ZDUHQ EHJUHQ]W 'LH 63$&( 6:$//2:KDWWHMHGRFKIULVFKH.DUWRIIHOQDQ%RUGJHKDEWXQGGDQHEHQQRFK %RKQHQ(UEVHQXQG:HL]HQN|UQHUIUGLH)ULVFKNRVWIDQDWLNHU'LOORQKDWWHGLH 5RERWV DQJHZLHVHQ /DQG ]X URGHQ GDUDXI .XOWXUHQ DQ]XOHJHQ XQG GHQ (UWUDJ WURFNHQXQGJHVFKW]W]XODJHUQHKHGHU:LQWHUYRQ/XUXS,,DQEUDFK (UZDUDXFKJHNRPPHQDOOHUGLQJVVHKUPLOGXQGIDVWRKQH6FKQHHGLH%HUJHLQ GHU8PJHEXQJKLHOWHQGLH.lOWHDE'DQDFKZDUHQQHXH)HOGHUDQJHOHJWZRUGHQ XQG QXQ VWDQG IHVW GD GLH (UQlKUXQJ GHU NOHLQHQ .RORQLH JHVLFKHUW ZDU ]XPLQGHVW LQ GLHVHU +LQVLFKW 'DV 3URJUDPP ZXUGH GXUFK HLQKHLPLVFKH 3IODQ]HQXQG)UFKWHHUJlQ]WGRFKVLHDOOHHQWKLHOWHQIDVWNHLQ)HWWXQGGDUDXI ZDU JHUDGH GHU PHQVFKOLFKH 2UJDQLVPXV DQJHZLHVHQ DOVR PXWH DXFK KLHU IU $EKLOIHJHVRUJWZHUGHQ 6RKDWWHQ0D[XQG0RULW]DXFKQRFKDOV-lJHUIXQJLHUHQPVVHQDEHUVLHKDWWHQ DXFK GLHVH $XIJDEH JHO|VW =XQlFKVW KDWWHQ VLH QXU 7LHUH HUOHJW XQG PLW GHP )OHLVFKGLH.RVWHUJlQ]WGRFK$UW'LOORQKDWWHDXFKKLHUZHLWHUJHGDFKW(UKDWWH VLHEHDXIWUDJW-XQJWLHUHQXU]XOlKPHQGLHVHGDQQLQ3IHUFKH]XEULQJHQXQG]X ]lKPHQVRGDHLQHUHJHOUHFKWH1XW]WLHU]XFKWHQWVWDQG 'DV HUVWHUH ZDU ZRKO JHOXQJHQ GDV OHW]WHUH KDWWH GHU 3URVSHNWRU MHGRFK QLFKW PHKUHUOHEW(UZDUVFKRQVHLW:RFKHQEHWWOlJHULJJHZHVHQXQGVWDUEIDVWJHQDX HLQ -DKU QDFK GHP YHUKlQJQLVYROOHQ *HVFKHKHQ ZlKUHQG /HH 0DUJLQV -DJGSDUW\ ³0DFKWVRZHLWHUZLHELVKHUKDWWHHUGHQ5RERWHUQQRFKNXU]YRUVHLQHP7RG HLQJHVFKlUIW ³'LH YHUGXPPWHQ 0HQVFKHQ VLQG IULHGOLFK JHZRUGHQ XQG VFKRQ GDUDQ JHZ|KQW GD LKU LKQHQ DQ PHLQHU 6WHOOH GLH Q|WLJHQ $QZHLVXQJHQ JHEW 9HUIDKUWDXFKZHLWHUVRXQG ³9HU]HLKHQ 6LH GD LFK 6LH XQWHUEUHFKH 6LU KDWWH 0D[ HLQJHZDQGW ³:LU ZHUGHQ GXUFK +RFKOHLVWXQJVHQHUJLH]HOOHQEHWULHEHQGRFKGLHVHVLQGLPOHW]WHQ
-DKUVHKUVWDUNEHDQVSUXFKWZRUGHQXQG(UVDW]GDIUJLEWHVDXFKDQ%RUGGHU 63$&( 6:$//2: QLFKW :DV VROOHQ ZLU WXQ ZHQQ VLH YHUVDJHQ XQG ZLU LQDNWLYZHUGHQ6LU" ³'DV LVW DOOHUGLQJV HLQ VFKZHUHV 3UREOHP KDWWH $UW 'LOORQ QDFK HLQLJHP hEHUOHJHQ VHXI]HQG ]XJHJHEHQ ³6LFKHU GDUEHU ZHUGHQ QRFK HWOLFKH -DKUH YHUJHKHQ DEHU RND\ %R\V KDOWHW VR ODQJH GXUFK ZLH LKU N|QQW :HQQ LKU MHGRFKPHUNWGDGLH%DWWHULHQHUVFK|SIWVLQGEHJLEWVLFKHLQHUYRQHXFKLQGDV 6FKLIIXQGVFKDOWHWGRUWGHQ1RWUXIVHQGHUHLQGHQ.RGHKDEHLFKEHUHLWVIHVWJH OHJW)UKHURGHUVSlWHUZLUGGDQQHLQWHUUDQLVFKHV6FKLIIKLHUHLQWUHIIHQXPGHQ 'LQJHQ DXI GHQ *UXQG ]X JHKHQ XQG GHUMHQLJH GHU VLFK DQ %RUG GHU 6:$//2:EHILQGHWEOHLEWGRUWELVHUZLHGHUHUZHFNW ZLUG ³9HUVWDQGHQ6LUKDWWHQ0D[XQG0RULW]V\QFKURQJHVDJW %DOG GDUDXI ZDU 'LOORQ LQV DQJHEOLFK EHVVHUH -HQVHLWV JHJDQJHQ GLH 5RERWV KDWWHQ LKQ EHJUDEHQ XQG VRYLHO 7UDXHU HPSIXQGHQ ZLH HV LKQHQ LKUH *HIKOVVHNWRUHQ HUODXEWHQ 'DV ZDU UHODWLY YLHO ZHLO VLH 0HGRURERWHU ZDUHQ DEHUEDOGJHZDQQGLHQHXH=XVDW]SURJUDPPLHUXQJZLHGHUGLH2EHUKDQGHVJDE YLHO]XWXQIUVLH 8QG GDQQ VWHOOWH VLFK HLQHV 7DJHV KHUDXV GD GLH EHUZLHJHQGH $Q]DKO GHU ZHLEOLFKHQ$EHQWHXUHUVFKZDQJHUZDU 'DVZDUHWZDGUHL-DKUHQDFKGHU/DQGXQJDXI/XUXSVRODQJHKDWWHGDV0LWWHO JHJHQ GLH HLQKHLPLVFKHQ %DNWHULHQ JHUHLFKW $UW 'LOORQ KDWWH HV LKQHQ ZHLWHU YHUDEIROJWXPQRFKPHKU.RPSOLNDWLRQHQ]XYHUPHLGHQXQGGLH5RERWVQDFK VHLQHP7RGHEHQIDOOV,KQHQZDUVHLQH1HEHQZLUNXQJVRJDUZLOONRPPHQGHQQ GLH 0HQVFKHQ KDWWHQ ]ZDU LKU :LVVHQ QLFKW DEHU GLH IXQGDPHQWDOHQ ,QVWLQNWH YHUORUHQ XQG HLQH +RUGH YRQ .LQGHUQ JOHLFK LQ GHU HUVWHQ =HLW KlWWH HLQH 9LHO]DKOIDVWXQO|VEDUHU3UREOHPHEHGHXWHW =X ³VR HWZDV ZDUHQ GLH 'HELOHQ MHGHQIDOOV QLFKW ]X GXPP XQG QDFK $EODXI LKUHU NQVWOLFKHQ 6WHULOLWlW WUDWHQ GLH QRUPDOHQ )ROJHQ HLQ 'DV EUDFKWH QHXH $XIJDEHQ IU 0D[ XQG 0RULW] VLH ZDUHQZRKO NHLQH VSH]LHOOHQ *HEXUWVKHOIHU DEHULKU0HGRSURJUDPPEHIlKLJWHVLHDXFKGD]X ,KQHQNDP]XVWDWWHQGDGLH0HQVFKHQLQGHU=ZLVFKHQ]HLWGRFKHLQLJHVZLHGHU JHOHUQW KDWWHQ 6LH NRQQWHQ HLQIDFKH $UEHLWHQ DXI YLHOHQ *HELHWHQ WXQ VLH VDPPHOWHQ )UFKWH XQG )HXHUKRO] KLHOWHQ LKUH =HOWH VDXEHU XQG EHWUHXWHQ GDV 9LHK 'LH JH]lKPWHQ 3VHXGR+LUVFKH XQG $QWLORSHQ ZDUHQ ZLOONRPPHQH )OHLVFKOLHIHUDQWHQ DXV LKUHU 0LOFK ZXUGH DXFK %XWWHU JHZRQQHQ 9RQ GHQ )HOGHUQNDPHQGD]XGLH.DUWRIIHOQXQG+OVHQIUFKWHDXVGHP:HL]HQZXUGH HLQJUREHV6FKURWEURWKHUJHVWHOOWXQGVRZDUGLH0LQLNRORQLHSUDNWLVFKDXWDUN =XP *OFN GHQQ GLH 9RUUlWH DXV GHU 63$&( 6:$//2: ZDUHQ VFKRQ YLHO IUKHU]X(QGHJHZHVHQ 8QGQXQNDPHQGLH.LQGHUIDVWDPODXIHQGHQ%DQG ,QQHUKDOEYRQ]ZHL0RQDWHQZDUHQHVZHLWHUHVLHEHQZDUHQXQWHUZHJVQXU HLQ3DDUKDWWHYHUVDJW(VZDUHLQH,URQLHGHV6FKLFNVDOVGDGLHVJHUDGH,ORQD 0DUJLQXQGGHUIUKHUH3LORWZDUHQGLHMXQJH)UDXZDUVWHULOJHEOLHEHQXQGGLH 5RERWHU KDWWHQ QDWUOLFK NHLQ ,QWHUHVVH GDUDQ GLHVHP =XVWDQG DE]XKHOIHQ VLH
KDWWHQRKQHKLQJHQXJ]XWXQ 6LHZDUHQDOV³+HEDPPHQJDUQLFKWVFKOHFKWXQGEHLGHQ)UDXHQIXQNWLRQLHUWH GHUQDWUOLFKH0XWWHULQVWLQNW6LHVWLOOWHQLKUH.LQGHU]XQlFKVWVSlWHUEHNDPHQ GLHVH $QWLORSHQPLOFK XQG %UHL DXV )UFKWHQ XQG *HPVH 'DEHL JHGLHKHQ VLH JXWVSRUDGLVFKDXIWUHWHQGH.UDQNKHLWHQZXUGHQPLWGHQ0HGLNDPHQWHQDXVGHP 6FKLIINXULHUWDOOHVQDKPHLQHQ]XIULHGHQVWHOOHQGHQ9HUODXI 'RFKGLHHUVWHQ%DE\VKDWWHQQRFKQLFKWULFKWLJODXIHQJHOHUQWGDZDUHQVFKRQ ZLHGHUGLHQlFKVWHQXQWHUZHJV ³'DV ZDU HLQ ZLUNOLFK HUQVWHV 3UREOHP 6LU KDWWH 0RULW] HUNOlUW ³(LQH 9HUGRSSHOXQJ GHU .RSI]DKO OLH VLFK JHUDGH QRFK HUWUDJHQ PHKU DEHU DXFK QLFKW(VIHKOWHYRUDOOHPDQJHHLJQHWHU.OHLGXQJIUGLH.LQGHUXQGDXFKVRQVW DQ YLHOHQ 'LQJHQ IROJOLFK PXWHQ ZLU HLQJUHLIHQ 1DFK XQG QDFK VWHULOLVLHUWHQ ZLUDOOH)UDXHQGXUFKHLQYRQXQVVHOEVWKHUJHVWHOOWHV0LWWHOHKHXQVGLH'LQJH EHUGHQ.RSIZDFKVHQNRQQWHQ6FKOLHOLFKZXWHQZLUGDGLH(QHUJLH]HOOHQ QXU QRFK IU HLQLJH -DKUH UHLFKWHQ XP XQV IXQNWLRQVIlKLJ ]X KDOWHQ XQG ZLU NRQQWHQ QLFKW QXU LPPHU *HEXUWVKHOIHU XQG %DE\VLWWHU VHLQ :LU PXWHQ GHQ .LQGHUQVREDOGVLHGDIUDXIQDKPHIlKLJZDUHQVRYLHO:LVVHQZLHQXUP|JOLFK EHLEULQJHQGDPLWVLHVLFKVSlWHUVHOEVWKHOIHQNRQQWHQZHQQZLUYHUVDJWHQ 'LH 1DFKNRPPHQ GHU 7RXULVWHQ ZDUHQ JHLVWLJ ZLHGHU QRUPDO JHZHVHQ GDV 1HUYHQJLIW KDWWH GLH *HQH LKUHU (OWHUQ QLFKW JHVFKlGLJW XQG DXFK JHJHQ GLH (UUHJHU YRQ /XUXS HUZLHVHQ VLH VLFK DOV LPPXQ 0D[ XQG 0RULW] KDWWHQ LKQHQ VRYLHO (OHPHQWDUZLVVHQ YHUPLWWHOW ZLH VLH DXIQHKPHQ NRQQWHQ YRU DOOHP LQ +LQEOLFN GDUDXI GD VLH VLFK VSlWHU XP LKUH (OWHUQ NPPHUQ PXWHQ ZHQQ HV GLH5RERWHUQLFKWPHKUJDE 'LHVHU=HLWSXQNWZDUMHGRFKYLHO]XIUKJHNRPPHQ 'LHlOWHVWHQ.LQGHUZDUHQHUVWNQDSSVHFKV-DKUHDOWJHZHVHQDOVGLH/HLVWXQJ GHU (QHUJLH]HOOHQ UDSLGH DEILHO 0 0 KDWWHQ VLFK VFKRQ IUKHU VR RIW ZLH P|JOLFK VHOEVW SDVVLYLHUW DEHU GDV KDWWH LKUHQ ³7RG QXU KLQDXVJHVFKREHQ =XOHW]W VFKDOWHWHQ VLH VLFK LP :HFKVHO IU PHKUHUH 7DJH DE XQG HUUHLFKWHQ VR HLQHQ ZHLWHUHQ $XIVFKXE PHKU MHGRFK QLFKW $XV GHU OHW]WHQ 3DVVLYSKDVH ZDU 0D[ GDQQ QLFKW PHKU ³HUZDFKW XQG DXFK 0RULW] KDWWH JHVSUW GD LKP GDV JOHLFKH6FKLFNVDOGURKWH (UKDWWH³VHLQHQ.LQGHUQQRFKOHW]WH$QZHLVXQJHQJHJHEHQXQGLKQHQHUNOlUW GDVLHYRQQXQDQVHOEVWIUVLFKLKUH(OWHUQGDV9LHKXQGGLH)HOGHUVRUJHQ PXWHQ 'DQQ ZDU HU PLW GHU OHW]WHQ QRFK LQWDNWHQ $JUDY3ODWWIRUP ]XU 6:$//2:JHIORJHQKDWWHGRUWGHQ1RWVHQGHUDNWLYLHUWXQGZDUZHQLJVSlWHU VHOEVWXPJHNLSSW %LV GDQQ GHU +DOEPXWDQW JHNRPPHQ ZDU XQG LQ]ZLVFKHQ ZDUHQ -DKUH YHUJDQJHQ (LJHQWOLFK IDVW HLQ :XQGHU GD GLHVHU 6HQGHU VR ODQJH JHDUEHLWHW KDWUHVPLHUWH)UDP%RUXQXQGHLQIDVWXQZDKUVFKHLQOLFKHU=XIDOOREHQGUHLQ GDNXU]YRUVHLQHP$XVIDOOQRFKGLH(;KLHUHUVFKLHQHQLVW 6HLQUHLQSHUV|QOLFKHV6FKLFNVDOZDUHVQXQMHGHQIDOOV]XGHQ1DFKNRPPHQGHU 1DFKNRPPHQ]XJHKHQ(UVROOWHYHUVXFKHQLKQHQEHKXWVDPEHL]XEULQJHQGD HV DXHU /XUXS ,, DXFK QRFK DQGHUH :HOWHQ JDE DXI GHQHQ 0HQVFKHQ OHEWHQ
XQGVLHVRZHLWEULQJHQGDVLHLKQIUHLZLOOLJYHUOLHHQXPGLHVHQDQGHUHQ3ODW] ]X PDFKHQ 8QG GDV DOOHV QXU GDPLW GLH 862 GRUW LKUHQ 6WW]SXQNW HUULFKWHQ NRQQWH IU GHQ )DOO GD GHU XQYHUPHLGOLFK VFKHLQHQGH JDODNWLVFKH .RQIOLNW DXVEUDFK :LH UFNVLFKWVYROO YRQ $WODQ GDFKWH )UDP VDUNDVWLVFK (U VDJW GD HU ]XYRU GLHVH 0HQVFKHQ LQ 6LFKHUKHLW EULQJHQ ZLOO ² GDEHL JHKW HV LKP GRFK LQ HUVWHU /LQLH QXU GDUXP GDQDFK DXI /XUXS IUHLH +DQG ]X KDEHQ 'DUDQ lQGHUQ DOOH VFK|QHQ:RUWHQLFKWV0LOLWlUXQGlKQOLFKH,QVWDQ]HQVFKDIIHQVLFKLKUHHLJHQHQ *HVHW]HXQGVSlWHUZHUGHQVLHJDQ]YRQLKQHQEHKHUUVFKW:LHYLHOH.RQIOLNWH KlWWHQLP9HUODXIGHU0HQVFKHQJHVFKLFKWHYHUPLHGHQZHUGHQN|QQHQXQGGDPLW GHU7RGYLHOHUXQVFKXOGLJHU0HQVFKHQZlUHQQXUGLH*HQHUlOHXQG3ROLWLNHUIOH [LEOHU JHZHVHQ XQG KlWWHQ ZHLWHU JHVHKHQ DOV QXU DXI GLH %UHWWHU YRU LKUHQ .|SIHQ (UIXKUDXVGLHVHQ³NHW]HULVFKHQhEHUOHJXQJHQDXIGHQQQHEHQLKPUHJWHVLFK 0RULW]XQGIUDJWH³:DVZROOHQ6LHQXQDOVQlFKVWHVWXQ6LU" )UDP%RUXQVWLHHLQHQWLHIHQ6HXI]HUDXV (U EHIDQG VLFK LQ HLQHP 'LOHPPD GHQQ QDFK GHP ZDV HU YRQ GHP 5RERW HUIDKUHQKDWWHZLGHUWHLKQVHLQH$XIJDEHIDVWDQ'RFKHUZDUQXQHLQPDOKLHU XQGHVJDENHLQ]XUFNPHKUDOVRNRQQWHHUQXUYHUVXFKHQLUJHQGZLHGDV%HVWH GDUDXV]XPDFKHQ(UEHUOHJWHQRFKHLQH:HLOHGDQQHUNOlUWHHU ³,FKZHL]ZDUGDVLFKGLH1DFKNRPPHQHXUHU6FKW]OLQJHEHUGDVJDQ]H7DO DXVJHEUHLWHWKDEHQXQGGDEHLZLHGHUSUDNWLVFK:LOGHJHZRUGHQVLQGYLHOPHKU DEHUDXFKQLFKW,FKNHQQHLQHWZDLKUH6SUDFKHMHGRFKQLFKWVYRQLKUHQ6LWWHQ XQG %UlXFKHQ XQG GDV LVW HLQ JURHV +DQGLNDS .DQQ LFK GLFK QLFKW JHZLVVHUPDHQ DOV PHLQHQ %RWHQ ]X LKQHQ YRUDXVVFKLFNHQ GHU VLFK EHL LKQHQ XPVLHKWXQGPLUGDVIHKOHQGH:LVVHQYHUVFKDIIW"1DWUOLFKVRGDVLHGLFKQLFKW EHPHUNHQVHW]WHHUQRFKKLQ]X 0RULW] QLFNWH ]ZDU GRFK HU JDE ]XUFN ³6LFKHU GDV N|QQWH LFK WXQ GRFK HV ZUGH XQYHUKlOWQLVPlLJ YLHO =HLW HUIRUGHUQ 6LU 'HU (LQVDW] HLQHV )DKU]HXJV LVW QLFKW UDWVDP HV N|QQWH GLHVH /HXWH ]X 7RGH HUVFKUHFNHQ ZHQQ VLH HV EHPHUNHQXQG]X)XELQLFKQLFKWVFKQHOOJHQXJ,FKZHLMHGRFKGDHVKLHU DQ%RUGDXFKHLQHNOHLQH(UNXQGXQJVVRQGHPLW%LOGXQG7RQEHUWUDJXQJJLEW 6LH N|QQWHQ VLH DOVR IU GLHVHQ =ZHFN HLQVHW]HQ VLH EUDXFKW QXU HLQH (QHUJLH]HOOHYRPJOHLFKHQ7\SGLH6LHPLUHLQJHVHW]WKDEHQ ³.HLQ 3UREOHP 0RULW] GDYRQ KDEH LFK QRFK HLQLJH EHL PLU XQG GLH )HUQVWHXHUXQJ NDQQ EHU GLH .RQWUROOHQ PHLQHU $JUDYSODWWIRUP HUIROJHQ +ROH DOVRGDV'LQJLFKEHUHLWHKLHULQ]ZLVFKHQDOOHV1|WLJHYRU 'HU5RERWHQWIHUQWHVLFKLQV6FKLIIVLQQHUHXQGNDPQDFKZHQLJHQ0LQXWHQPLW GHU 6RQGH ]XUFN )UDP EHUSUIWH VLH NXU] VWHOOWH IHVW GD HU GLHVHV 0RGHOO YRQ VHLQHU 6FKXOXQJ KHU NDQQWH XQG VHW]WH LKU HLQH QHXH =HOOH HLQ (LQH KDOEH 0LQXWHVSlWHUZDUVLHEHUHLWVLQGHU/XIWHUVWHXHUWHVLH]XQlFKVWQXUYRUVLFKWLJ ZXUGH DEHU VFKQHOO VLFKHUHU 'HU QXU IXEDOOJURH .XJHON|USHU ZDU PLW HLQHU VWXPSIJUDXHQ.XQVWVWRIIVFKLFKWEHU]RJHQGLHNHLQ/LFKWUHIOHNWLHUWHVRGDVLH DXFKIUVFKDUIH$XJHQNDXP]XVHKHQZDU
%RUXQVDDP,QVWUXPHQWHQSXOWVHLQHU3ODWWIRUPXQGNRQ]HQWULHUWHVLFKYROO(U VDK GDV YRQ GHU 6RQGH DXIJHQRPPHQH %LOG DXI HLQHP NOHLQHQ 0RQLWRU NRUULJLHUWHLKUHQ.XUVQDFKXQGOLHVLHGDQQEHUGHQ$EVWXU]GHV+RFKSODWHDXV KLQDEVLQNHQ'DQQVFKRVLHLQQXU]ZHLKXQGHUW0HWHU+|KHKLQEHULQGDV7DO GHU3ULPLWLYHQKLHOWEHUGHPHUVWHQ'RUIDQXQGEUDFKWHQHEHQGHP%LOGDXFK GHQ7RQHLQZDQGIUHLKHUHLQ (LQH KDOEH 6WXQGH GDQQ VFKDOWHWH )UDP XQG GLH .XJHO IORJ ZHLWHU 'DV ZLHGHUKROWH VLFK VRODQJH ELV DXFK GLH OHW]WH $QVLHGOXQJ YRQ LKU HUNXQGHW ZRUGHQZDUGDQQKROWHGHU+DOEPXWDQWVLH]XUFN ³,FKKDEH]ZDUYLHOHVJHK|UWXQGJHVHKHQDEHUOlQJVWQLFKWDOOHVYROOEHJULIIHQ WHLOWHHU0RULW]PLW³-HW]WPDFKHLFKHUVWPDOHLQH3DXVHXPHWZDV]XHVVHQXQG PLFK ]X HQWVSDQQHQ XQG GDQDFK K|UH XQG VHKH LFK PLU QRFK HLQPDO GLH $XI]HLFKQXQJDQ 'RFKGDUEHUYHUJLQJHQ6WXQGHQ )UDP %RUXQ KLHOW LPPHU ZLHGHU GDV %LOG DQ XP (LQ]HOKHLWHQ JHQDX ]X VWXGLHUHQ ]XZHLOHQ IXKU HU HV DXFK ]XUFN XQG VSLHOWH HV HLQLJH 0DOH DE YRU DOOHP ZHQQ 8QWHUKDOWXQJHQ ]ZLVFKHQ GHQ /XUXS0HQVFKHQ DXI GHU 7RQVSXU ZDUHQ'DQQJODXEWHHUHQGOLFKJHQXJHUIDKUHQ]XKDEHQXQGOHKQWHVLFK]ZDU HUVFK|SIWDEHU]XIULHGHQ]XUFN ³,FK PX QRFK GUHL 7DJH ZDUWHQ 0RULW] VDJWH HU ³DEHU GDQQ LVW JHQDX GHU ULFKWLJH =HLWSXQNW JHNRPPHQ 6RODQJH ZHUGH LFK P|JOLFKVW YLHO VFKODIHQ ]ZLVFKHQGXUFKPHLQH9RUEHUHLWXQJHQWUHIIHQXQGDP0RUJHQGHVYLHUWHQ7DJHV EUHFKH LFK DXI 'X ZLUVW PLFK KLQEHU LQV 7DO IOLHJHQ LFK JHKH GDQQ ]X )X ZHLWHU XQG GX ZDUWHVW LQ VLFKHUHU 'HFNXQJ DXI PLFK ² QRWIDOOV DXFK :RFKHQ RGHU0RQDWHODQJ 'LH 7URPPHOQ EHJDQQHQ EHUHLWV ]X GU|KQHQ EHYRU GHU HUVWH 6FKLPPHU YRQ +HOOLJNHLW DP 2VWKLPPHO HUVFKLHQ XQG GHQ $QEUXFK HLQHV QHXHQ 7DJHV DQNQGLJWH,KUODXWHV3RFKHQNODQJZHLWKLQGXUFKGDV7DOHVULGLH0HQVFKHQ DXVGHP6FKODIXQGPDKQWHVLHVLFKRKQH9HU]XJYRQLKUHQ/DJHUQ]XHUKHEHQ 6WHKWDXILKU6FKOlIHUVDJWHLKUKDOOHQGHU.ODQJ 6WHKWDXIXQGPDFKWHXFKEDOGLJVWDXIGHQ:HJXPUHFKW]HLWLJDQ2UWXQG6WHOOH ]XVHLQ+HXWHLVWGHU7DJGHU*|WWHU+HXWHZHUGHWLKUYRUVLHWUHWHQXQGLKUH $XJHQZHUGHQVLFKVWUHQJDEHUDXFKZRKOZROOHQGDXIHXFKULFKWHQ6LHZHUGHQ DEZlJHQXQGSUIHQXPEHU:HUWRGHU8QZHUWHXUHV7XQV]XEHILQGHQ 6WHKWDXILKU-lJHUXQGPDFKWHXFKDXIGHQ:HJ9HUJHWQLFKWHXUH:DIIHQ PLW]XQHKPHQGDPLWVLHDXIVQHXHJHVHJQHWZHUGHQDXIGDLKUDXFKIUGHUKLQ UHLFKH%HXWHKHLPEULQJHQN|QQW(VVLQGGLH*|WWHUGLHHXFKGDV:LOG]XWUHLEHQ RGHUYRUHQWKDOWHQGHQNWGDUDQ 6WHKWDXILKU+DQGZHUNHU$FNHUEDXHUXQG+RO]IlOOHUXQGPDFKWHXFKDXIGHQ :HJ 1LFKW DOOHLQ YRP *HVFKLFN HXUHU+lQGH KlQJW HV DE ZLH HXHU 7DJHZHUN JHOLQJW:HQQHXFKGLH*|WWHUQLFKWEHLVWHKHQZHUGHWLKUYHUJHEOLFKDUEHLWHQ 6WHKWDXILKUMXQJHQ0WWHUXQGEHHLOWHXFKGDV0RUJHQPDKO]XEHUHLWHQ8QG
GDQQIROJWHXUHQ0lQQHUQXQGQHKPWGLH.OHLQNLQGHUPLWHXFKGLH.QDEHQZLH DXFK GLH 0lGFKHQ +HXWH ZLUG HV VLFK ]HLJHQ RE GLH $XJHQ GHU *|WWHU ZRKOJHIlOOLJ DXI GHU HLQHQ RGHU DQGHUHQ YRQ HXFK JHUXKW KDEHQ 2E VLH IU ZUGLJ HUDFKWHW ZXUGH HLQ .LQG DXV LKUHP 6FKR KHUYRU]XEULQJHQ GDV GLH JURH*DEHEHVLW]W 'LHV LVW GHU 7DJ GHU *|WWHU GLH XQDEOlVVLJ EHU HXFK ZDFKHQ /DW VLH QLFKW ZDUWHQ DXI GD QLFKW LKU 8QZLOOHQ RGHU JDU =RUQ JHZHFNW ZHUGHQ P|JH .RPPW XP VLH LQ 'HPXW ]X YHUHKUHQ GDPLW LKU GHU *QDGH WHLOKDIWLJ ZHUGHQ N|QQW 6WHKWDXILKU6FKOlIHUXQGPDFKWHXFKDXIGHQ:HJ 6R ODXWHWH GLH %RWVFKDIW GHU 7URPPHOQ YRU GHP 0RUJHQOLFKW XQG LKU UK\WKPLVFKHV3RFKHQNRQQWHQLHPDQGEHUK|UHQ $OOH LQ GHQ VHFKV '|UIHUQ GHV 7DOHV GHQHQ GLHVH $XIIRUGHUXQJ JDOW HUKREHQ VLFK WURW] GHU IUKHQ 6WXQGH RKQH 0XUUHQ'LHVZDUMHQHU0RUJHQDXIGHQVLH VHKQOLFK JHZDUWHW KDWWHQ GLH 0lQQHU XQG GLH 0WWHU GLH -QJOLQJH ZLH GLH -XQJIUDXHQ 8QG GDV QLFKW QXU GHV 6HJHQV GHU *|WWHU ZHJHQ ZHQQ DXFK QLHPDQGGDUDXIYHU]LFKWHQPRFKWHVHOEVWZHQQHUZHQLJHUJOlXELJZDU 'DQHEHQ ZUGH HV DXFK QRFK DQGHUH DQJHQHKPH 'LQJH JHEHQ GLH HUVWUHEHQVZHUW VRQVW DEHU VSlUOLFK JHVlW ZDUHQ $Q HUVWHU 6WHOOH NDP VWHWV GLH $UEHLWDXIGHQ)HOGHUQLQGHQ:HUNVWXEHQ6WlOOHQRGHUDQGHUVZRXQGVLHOLH )UHXGHXQG9HUJQJHQQXUZHQLJ5DXP =ZDUZUGHGLHVHU7DJGHU*|WWHUQXUHLQHP7HLOGHV9RONHVGLHYROOH(UIOOXQJ LKUHU RIIHQHQ RGHU JHKHLPHQ :QVFKH EULQJHQ 'HQ EULJHQ ZUGH HU MHGRFK LPPHUKLQ ]XP JURHQ (UHLJQLV ZHUGHQ GHP HLQ]LJHQ LQQHUKDOE OlQJHUHU =HLW (VZDUGHU:LOOHGHU*|WWHUGDDQLKUHP7DJNHLQHUJDQ]OHHUDXVJHKHQVROOWH 'HQQZDUHQHUVWGLH6WXQGHQGHU*HEHWHXQG$QUXIXQJHQYRUEHUGDQQEHJDQQ GHU ZHLWDXV DQJHQHKPHUH 7HLO GHU GHQ UHLQ ZHOWOLFKHQ 'LQJHQ JHZLGPHW ZDU 'DQQ ZXUGHQ GLH )HXHU HQWIDFKW GDUDQ ZXUGH JHEUDWHQ XQG JHNRFKW XQG GLH 0HQVFKHQ GHU VHFKV '|UIHU PLVFKWHQ VLFK XQWHUHLQDQGHU -HGHU EHNDP VHLQHQ $QWHLO DQ GHQ )HVWWDJVVSHLVHQ GLH %HFKHUZXUGHQJHIOOWXQG)UHXGHNHKUWHLQ GLH+HU]HQHLQ 'RFKGHU5XIGHU7URPPHOQZDUQLFKWDQDOOHHUJDQJHQ $OOHGLHHLQEHVWLPPWHV$OWHUEHUVFKULWWHQKDWWHQEUDXFKWHQLKPQLFKWPHKU]X IROJHQ HEHQVR GLH JU|HUHQ .LQGHU ELV KLQDXI ]X VHFK]HKQ 6RPPHUQ 'LH bOWHUHQQDKPHQGLHVJOHLFKPWLJKLQGHQQVLHKDWWHQVFKRQYLHOHGLHVHU*URHQ 7DJH HUOHEW ,KQHQ VWDQG GHU 6LQQ QLFKW PHKU QDFK ODQJHQ )XPlUVFKHQ HLQW|QLJHQ =HUHPRQLHQ XQG GHP *HZLPPHO GHU YLHOHQ 0HQVFKHQ 6LH ZDUHQ YROODXI ]XIULHGHQ ZHQQ VLH VWDWW GHVVHQ YRQ GHQ *|WWHUQ PLW JXWHU *HVXQGKHLW XQGHLQHPODQJHQ/HEHQJHVHJQHWZXUGHQ 6LH EHUQDKPHQ HV QXQ GLH NOHLQHUHQ .LQGHU ]X EHWUHXHQ GLH LKUH 0WWHU IU GLHVHQ7DJHQWEHKUHQPXWHQ'LHKDOEZFKVLJHQ-XQJHQXQG0lGFKHQPXWHQ LKQHQGDEHLKHOIHQGRFKEHLGLHVHQJLQJGDVQLFKWRKQH0XUUHQDE6LHNDPHQ VLFK IU VROFKH 7lWLJNHLWHQ VFKRQ YLHO ]X HUZDFKVHQ YRU XQG VHKQWHQ VLFK XQJHGXOGLJ GDQDFK HQGOLFK DXFK GHQ :HJ ]X GHQ *|WWHUQ DQWUHWHQ ]X GUIHQ
6WDWWGHVVHQPXWHQVLHVLFKMHGRFKPLWTXlQJHOQGHQ%lOJHUQDEJHEHQRGHUJDU PLWGHP9LHKXQGEHLGHVPLILHOLKQHQJUQGOLFK $QDOOGLHVGDFKWHQGLH*HUXIHQHQMHGRFKQLFKW 6LH IROJWHQ JHKRUVDP GHP 5XI GHU 7URPPHO ZXVFKHQ VLFK UDVFK OHJWHQ LKUH EHVWH.OHLGXQJDQXQGDHQGDQQHLOLJ$OVGLH6RQQHKHOOVWUDKOHQGKLQWHUGHQ QLHGHUHQ%HUJHQDXIVWLHJPDFKWHQVLHVLFKDXIGHQ:HJYRP*HVDQJGHUIUKHQ 9|JHOEHJOHLWHW $XV DOOHQ VHFKV '|UIHUQ EHZHJWHQ VLFK GLH =JH GHP $XVJDQJ GHV 7DOHV HQWJHJHQ(LQ7HLOGHU0HQVFKHQVFKZLHJXQGPDOWHVLFKYROOHU(UZDUWXQJGLH (UHLJQLVVH GHV NRPPHQGHQ 7DJHV DXV :DV PRFKWHQ GLH *|WWHU LKQHQ ZRKO ]XJHGDFKW KDEHQ ZUGH GDV LQ (UIOOXQJ JHKHQ ZRQDFK VLH VLFK VHKQWHQ" $QGHUH XQWHUKLHOWHQ VLFK OHLVH XQG GLH MXQJHQ 0WWHU ZLGPHWHQ VLFK YRU]XJVZHLVHLKUHQ.LQGHUQQLFKWRKQH+RIIHQXQG%DQJHQ :UGHYLHOOHLFKWJHUDGHLKU.LQGYRQGHQ*|WWHUQJHVHJQHWVHLQXQGGLHJURH *DEHEHVLW]HQ" :HQQMDGDQQZDUHV]XP+HUUVFKHUEHUGDVJDQ]H7DOXQGDOOVHLQH%HZRKQHU EHVWLPPW(LQ$EJODQ]GLHVHU(KUHILHOQDWUOLFKGDQQDXFKDXIVHLQH(OWHUQXQG LKUH )DPLOLHQ ]XUFN VLH ZXUGHQ YRQ DOOHU $UEHLW EHIUHLW GDPLW VLH VLFK JDQ] VHLQHU(U]LHKXQJXQG9RUEHUHLWXQJDXIGLHJURH$XIJDEHZLGPHQNRQQWHQ %LVKHU ZDU VROFKHV MHGRFK QRFK QLH JHVFKHKHQ ZHGHU HLQ .QDEH QRFK HLQ 0lGFKHQKDWWHMHGLHVH*DEHEHVHVVHQ'RFKHLQPDOPXWHVLHVLFK]HLJHQGDV VDJWHGLHhEHUOLHIHUXQJ²XQGZHVKDOEVROOWHGDVQLFKWJHUDGHDQGLHVHP7DJH VHLQ" (V JDE QXU HLQ +HLOLJWXP HLQ IODFKHV *HElXGH HUULFKWHW DXV HLQHP KDUWHQ JOlQ]HQGHQ6WRIIlKQOLFKGHPDXVGHPHLQVWGLH6FKQHLGHQGHUb[WHGHU+RO] IlOOHU XQG GLH ³3IHLOVSLW]HQ GHU -lJHU EHVWDQGHQ 'LHVHU ZDU MHGRFK PLW YLHOHQ 6\PEROHQ GHU *|WWHU EHGHFNW LQ VHOWVDPHQ XQG NDXP GHXWEDUHQ )RUPHQ 'HU (LQJDQJ GHV +HLOLJWXPV ZLHGHUXP ZDU YRQ HLQHP ZHLFK IOLHHQGHQ JHVFKPHLGLJHQ9RUKDQJYHUGHFNWGHULP6RQQHQOLFKWLQDOOHQ)DUEHQVFKLOOHUWH 'DV *HILHGHU VHOEVW GHU EXQWHVWHQ 9|JHO ZDU DXFK QLFKW HQWIHUQW VR IDUEHQSUlFKWLJZLHHU :DVHUYHUEDUJZXWHMHGHUGRFKQXUDP³7DJGHU*|WWHUZXUGHHUJH|IIQHW 'DQQVDQNHQDOOH0HQVFKHQLQGLH.QLHEHJDQQHQ]XEHWHQXQGZDJWHQLKPQXU VFKHXH%OLFNH]X]XZHUIHQGHPGHUKLHUVWHOOYHUWUHWHQGIUDOOH*|WWHUDQZHVHQG ZDU 'HU*URH6FKODIHQGH*RWW (UWKURQWHDXIHLQHPVWHLQHUQHQ6RFNHOLQHLQHP6LW]DXVHLQHPXQ]HUVW|UEDUHQ EUDXQHQ 6WRII 'RUW UXKWH HU VFKRQ VHLW MHQHU =HLW DOV GLH *|WWHU DXV GHP +LPPHOKHUDEJHNRPPHQZDUHQGLH0HQVFKHQHUVFKDIIHQXQGLKQHQGLHVHV7DO DOV+HLPDW]XJHZLHVHQKDWWHQ 'DQDFKKDWWHQVLHVLFKZLHGHUHQWIHUQWGRFKVLHKDWWHQYHUVSURFKHQHLQHVIHUQHQ 7DJHV ]XUFN]XNHKUHQ $OV 3IDQG IU GLHVHV 9HUVSUHFKHQ KDWWHQ VLH HLQHQ GHU ,KUHQ]XUFNJHODVVHQHEHQGLHVHQ6FKODIHQGHQ*RWW (U VROOWH EHU GDV 7DO XQG VHLQH %HZRKQHU ZDFKHQ XQG GDV NODQJ VHOWVDP
JHQXJ'RFKZHQQGHU9RUKDQJZHJJH]RJHQZXUGHXQGGDV/LFKWGHU6RQQHDXI VHLQUHJORVHV$QWOLW]ILHOEHJDQQHQVHLQHJURHQUXQGHQ$XJHQ]XIOLPPHUQXQG ]X OHXFKWHQ DOV ZlUH ZLUNOLFK /HEHQ LQ LKQHQ (V ZDU DOVR GRFK QLFKW DXVJHVFKORVVHQGDHUDOOHVVDKZDVULQJVXPYRUJLQJXQGDXFKGLH*HEHWHXQG $QUXIXQJHQ K|UWH 8QG ELVKHU KDWWH HU VHLQH $XIJDEH DXFK JXW HUIOOW GLH 0HQVFKHQLP7DOKDWWHQLPPHUJHQXJ]XHVVHQXQG.UDQNKHLWHQZDUHQVRJXW ZLHXQEHNDQQW(VZDUDOVRDQJHEUDFKWVLFKDXFKZHLWHUKLQVHLQHV:RKOZROOHQV ]XYHUVLFKHUQXQGGDVGHUEULJHQ*|WWHU]XHUELWWHQELVGLHVHVHOEVWZLHGHU]XP +LPPHO]XUFNNDPHQ 'DQQ VROOWH DXFK HU HQGOLFK HUZDFKHQ XQGLKQHQEHULFKWHQZDVLQ]ZLVFKHQLP /XUXS7DOJHVFKHKHQZDU'DUEHUNRQQWHDEHUQRFKVHKUYLHO=HLWYHUJHKHQGLH *|WWHUZDUHQHZLJXQGLKU'DVHLQQLFKWPLWGHU6SDQQHPHQVFKOLFKHQ/HEHQV]X PHVVHQ (V JDE MHGRFK GLH +RIIQXQJ GD GLHVH =HLW YHUNU]W ZHUGHQ NRQQWH VREDOG QlPOLFK HLQ .LQG JHERUHQ ZDU GDV GLH JURH *DEH EHVD XQG ]XP +HUUVFKHU KHUDQZXFKV'LHVHU+HUUVFKHUVROOWHGDQQLUJHQGZDQQLPVWDQGHVHLQPLWVHLQHQ *HEHWHQGLH*|WWHUGLUHNW]XHUUHLFKHQXQGVLH]XU5FNNHKU]XEHZHJHQ 'HVKDOE EUDFKWHQ DOOH MXQJHQ 0WWHU LKUH .LQGHU ]ZLVFKHQ HLQHP XQG ]ZHL -DKUHQ MHZHLOV DP JURHQ 7DJ GHU 6RPPHUVRQQH DXV LKUHQ '|UIHUQ ]XP +HLOLJWXP 'LHVHVZDUMHW]WQRFKYHUZDLVWQXUVHLQHEHLGHQ+WHUEHIDQGHQVLFKLQVHLQHU 1lKH6LHKLHHQ7DVKXQG0DUJDXVDOWHU7UDGLWLRQGLHVHU1DPHYHUHUEWHVLFK YRP MHZHLOLJHQ +WHU ZHLWHU DXI VHLQHQ HUVWHQ 6RKQ =XVDPPHQ PLW LKUHQ )DPLOLHQ EHZRKQWHQ VLH ]ZHL +lXVHU GLH GDV +HLOLJWXP LQ DFKWXQJVYROOHU (QWIHUQXQJIODQNLHUWHQXQGZDUHQPLWLKUHP'DVHLQUHFKW]XIULHGHQ 6LH EUDXFKWHQ QLFKWV ZHLWHU ]X WXQ DOV WlJOLFK GLH ULWXHOOHQ *HEHWH YRU GHP 6FKODIHQGHQ *RWW ]X YHUULFKWHQ XQG GLHVHU $XIJDEH HQWOHGLJWHQ VLH VLFK URXWLQHPlLJ 'UHL 9LHUWHO MHGHV 7DJHV KDWWHQ VLH IUHL YHUWULHEHQ VLFK GLH =HLW PLWHLQIDFKHQ%UHWWVSLHOHQXQGLKUHQ)UDXHQ-HGHU+WHUGXUIWHVLFK]ZHLGDYRQ QHKPHQGDPLWGLH1DFKIROJHDXIMHGHQ)DOOJHVLFKHUWZDUXQGHUKDWWHGLHIUHLH $XVZDKOXQWHUGHQVFK|QVWHQ-XQJIUDXHQDOOHUVHFKV'|UIHU 'LHVH 5RXWLQH ZXUGH QXQ DEHU GXUFKEURFKHQ GHU 7DJ GHU *|WWHU ZDU JHNRPPHQ 7DVK XQG 0DUJ KDWWHQ IUKHU DOV VRQVW DXIVWHKHQ PVVHQ GRFK HLQ UHLFKOLFKHV )UKVWFN KDWWH VLH HQWVFKlGLJW 6LH EUDXFKWHQ IU LKUH .RVW QLFKW VHOEVW ]X VRUJHQGLH'|UIHUOLHIHUWHQLKQHQUHLKXPPHKUDOVJHQXJDOOHVZDVVLHXQGLKUH )DPLOLHQEUDXFKWHQ1XQVWDQGHQVLHLP)UHLHQVFKRQPLWGHQ+HLOLJHQ5REHQ EHNOHLGHW DXV GHPVHOEHQ 6WRII DXV GHP DXFK GHU 9RUKDQJ GHV +HLOLJWXPV EHVWDQGXQGVDKHQZLHVLFKGLH0HQVFKHQVFKODQJHQLQGHU)HUQH]HLJWHQ 0DUJJlKQWHQRFKHLQPDODXVJLHELJGDQQEHPHUNWHHUWUlJH ³,FKZROOWHGLHVHU7DJYROOHU7UXEHOZlUHVFKRQYRUEHL6LFKHULFKJ|QQHGHQ /HXWHQ LKU 9HUJQJHQ VLH PVVHQ VFKOLHOLFK GDV JDQ]H -DKU EHU VFKZHU DUEHLWHQ LP *HJHQVDW] ]X XQV 'HU $QEOLFN GHV 6FKODIHQGHQ *RWWHV ZLUG VLH HUVFKUHFNHQ XQG ]XJOHLFK HUIUHXHQ DEHU GLH (QWWlXVFKXQJ YLHOHU MXQJHU )UDXHQ
ZLUGXQYHUPHLGOLFKVHLQ2GHUJODXEVWGXLP(UQVWGDUDQGDGLHVPDOHLQ.LQG GDEHLLVWGDVGLHJURH*DEH EHVLW]W" 7DVK]XFNWHPLWGHQ6FKXOWHUQ ³(LJHQWOLFK QLFKW GDPLW KDVW GX VFKRQ UHFKW 'DUDXI KDEHQ VFKRQ XQVHUH *URYlWHU XPVRQVW JHZDUWHW DEHU ZRUDXI GHQQ HLJHQWOLFK" ,FK KDEH NHLQH $KQXQJZRUXPHVVLFKGDEHLKDQGHOQVROO²GXHWZD" ³1HLQJDE0DUJ]X³'LHhEHUOLHIHUXQJVDJWMHGRFKGDZLUHVZLVVHQZUGHQ ZHQQ ZLU YRU HLQHP +HUUVFKHUNLQG VWQGHQ 8QG GD GLH $OWHQ LKUH .HQQWQLVVH YRQGHQ*|WWHUQVHOEVWKDWWHQPXHVVWLPPHQQLFKWZDKU" ³:DUWHQZLUHVDEZDVVHLQZLUGZLUGVHLQVDJWH7DVKZHLVHGDQQVFKZLHJHQ EHLGHZLHGHUXQGZDUWHWHQDXIGDV9RON )UDP%RUXQVWDQGKLQWHUHLQHP%XVFKGHULKPQDFKDOOHQ6HLWHQKLQ'HFNXQJ JDEXQGEHREDFKWHWHGLH+WHUGHV+HLOLJWXPV(LQVWDUNHV)HUQJODVEUDFKWHVLH LKP RSWLVFK QDKH HLQ 5LFKWPLNURIRQ QDKP LKUH :RUWH DXI XQG EHUWUXJ VLH LQ HLQHQ ZLQ]LJHQ +|UNQRSI LP 2KU :DV HU HEHQ HUODXVFKW KDWWH HUKHLWHUWH LKQ XQGHUJULQVWHVWLOOYRUVLFKKLQ ³'DV DOWH 'LOHPPD DOOHU 'LHQHU GHU *|WWHU PXUPHOWH HU ³*URH :RUWH JHJHQEHUGHQ*OlXELJHQDEHULQ:LUNOLFKNHLWVWHFNWQLFKWVGDKLQWHU+PGDV PLW GHP +HUUVFKHUNLQG XQG VHLQHU *DEH LVW PLU QHX *XW GD GLH EHLGHQ GDUEHU JHVSURFKHQ KDEHQ QXU ELQ LFK OHLGHU LQ GLHVHU %H]LHKXQJ DXFK QLFKW NOJHUDOVVLH 1DFK GHQ %HREDFKWXQJHQ GHU OHW]WHQ 7DJH KDWWH GHU +DOEPXWDQW VHLQH 3OlQH UDGLNDOJHlQGHUW 8UVSUQJOLFKKDWWHHUEHDEVLFKWLJWVLFKlKQOLFKZLHGLH³:LOGHQ]XNOHLGHQXQG VR ]X LKQHQ ]X JHKHQ (U ZROOWH VLFK DOV $QJHK|ULJHU HLQHV IUHPGHQ 6WDPPHV DXVJHEHQGHUMHQVHLWVGHU%HUJHZRKQWHDOV-lJHUGHUVLFKYHULUUWKDWWHXQGLQ GLHVHV7DOJHUDWHQZDU'DVZDULKPQLFKW]XZLGHUOHJHQGHQQZHVKDOEVROOWHQ GLH *|WWHU LQ LKUHU $OOPDFKW QLFKW DXFK QRFK DQGHUVZR 0HQVFKHQ HUVFKDIIHQ KDEHQ" 6LFKHU GDV ZlUH NHLQH VRQGHUOLFK VWDUNH 3RVLWLRQ JHZHVHQ GLH 'RUIREHUHQ KlWWHQLKPYLHOH)UDJHQJHVWHOOW=ZHLIHOORVZlUHHVLKPWURW]GHPJHOXQJHQLKU 9HUWUDXHQ ]X HUZHUEHQ GHQQ HU NRQQWH LKUH *HGDQNHQ OHVHQ XQG VR VWHWV SODXVLEOH $QWZRUWHQ JHEHQ XQG DOOHV ZHLWHUH OLH VLFK GXUFK K\SQRWLVFKH %HHLQIOXVVXQJHUUHLFKHQ 'RFK GDQQ KDWWH HU PLWWHOV GHU 6RQGH HUIDKUHQ GD GHU ³7DJGHU*|WWHUGLFKW EHYRUVWDQGXQGGDVHU|IIQHWHLKPXQHUZDUWHWY|OOLJQHXH3HUVSHNWLYHQ:DUXP VROOWH HU GHQ OlQJHUHQ XQG PKHYROOHUHQ :HJ JHKHQ ZHQQ HV HLQHQ OHLFKWHUHQ XQGEHVVHUHQJDE" (U KDWWH ZHQLJHU JHVFKODIHQ DOV EHDEVLFKWLJW XQG VWDWW GHVVHQ GLH 6RQGH QRFKPDOV ORVJHVFKLFNW XP QDFK GHP +HLOLJWXP ]X VXFKHQ YRQ GHP LQ YLHOHQ *HVSUlFKHQ GHU 6:$//2:$EN|PPOLQJHGLH 5HGH JHZHVHQ ZDU 'D HV VLFK DQHLQHUH[SRQLHUWHQ6WHOOHZHLWDEYRQGHQ'|UIHUQEHIDQGKDWWHQHVZHGHUGLH /HXWHGHU(;QRFKHUVHOEVWEHLGHQELVKHULJHQ(UNXQGXQJHQHQWGHFNW(U IDQG HV RKQH JURH 0KH KROWH HV LQ *URDXIQDKPH DXI GHQ 0RQLWRU ² XQG
GDQQULHUGLH$XJHQYRUhEHUUDVFKXQJZHLWDXI (U KDWWH HUZDUWHW DXFK QXU HLQH +WWH ]X VHKHQ QXU HEHQ JU|HU XQG EHVVHU DXVJHVWDWWHW ZLH HV HLQHU .XOWVWlWWH ]XNDP 'DV %LOG ]HLJWH MHGRFK HLQ VWDELOHV %DXZHUN PLW :lQGHQ DXV 0HWDOO XQG )UDP HUNDQQWH EDOG ZRUDXV HV HUULFKWHW ZRUGHQ ZDU DXV GHQ $QWLJUDY3ODWWIRUPHQ GLH GHQ HLQVWLJHQ 7RXULVWHQ DOV )RUWEHZHJXQJVPLWWHOJHGLHQWKDWWHQ 9LHU ZDUHQ HV JHZHVHQ GUHL YRQ LKQHQ GLHQWHQ QXQ DOV :lQGH GLH YLHUWH DOV 'DFK%OLHEQRFKHLQH6HLWHRIIHQXQGYRUGLHVHUKDWWHQGLH7DOEHZRKQHUHLQH .XQVWVWRIIROLH DOV 9RUKDQJ DQJHEUDFKW YHUPXWOLFK GHU OHW]WH hEHUUHVW GHU HKHPDOLJHQ.OLPD]HOWH+LQWHULKPUXKWHGHUVRJHQDQQWH³6FKODIHQGH*RWWXQG HVJHK|UWHQLFKWYLHO3KDQWDVLHGD]XXP]XHUUDWHQZHUGDVVHLQNRQQWH 0D[GHU]ZHLWH0HGRURERWHUDXVGHU63$&(6:$//2: )UDP %RUXQ ZDU ]XWLHIVW HUVFKWWHUW JHZHVHQ GRFK QDFK HLQLJHP hEHUOHJHQ KDWWHHUEHJULIIHQGDGLHVLQOHW]WHU.RQVHTXHQ]HLJHQWOLFKQXUORJLVFKZDU 'LH .LQGHU GHU $EHQWHXUHU KDWWHQ HV DOOHV DQGHUH DOV OHLFKW JHKDEW 9RQ LKUHQ YHUGXPPWHQ (OWHUQ NRQQWHQ VLH QLFKWV OHUQHQ 0D[ XQG 0RULW] ZDUHQ LKUH HLQ]LJHQ HFKWHQ %H]XJVSHUVRQHQ JHZHVHQ 'LHVH KDWWHQ DOOHV JHWDQ ZDV VLH NRQQWHQ XP LKQHQ VR YLHO :LVVHQ DOV P|JOLFK ]X YHUPLWWHOQ GRFK GHU $XVIDOO GHU(QHUJLH]HOOHQKDWWHLKUHQ%HPKXQJHQHLQYLHO]XIUKHV(QGHJHVHW]W 0RULW]ZDULQV6FKLII]XUFNJHNHKUWXPGHQ1RWVHQGHULQ%HWULHE]XQHKPHQ QXU 0D[ ZDU EHL GHQ )QI XQG 6HFKVMlKULJHQ JHEOLHEHQ (U KDWWH YHUPXWOLFK QRFK YHUVXFKW LKQHQ VR YLHO ZLH P|JOLFK EHU LKUH +HUNXQIW ]X HUNOlUHQ XQG GDQHEHQ DXFK GLH +RIIQXQJ JHJHEHQ GD HLQVW DQGHUH 0HQVFKHQ NRPPHQ ZUGHQXPLKQHQ]XKHOIHQ'RFKGDPLWKDWWHHUGLHNLQGOLFKHQ*HKLUQHEHU IRUGHUWXQGDOVHUGDQQ³VWDUEEOLHEHQVLHYROONRPPHQUDWORV]XUFN ,KUH(OWHUQNRQQWHQLKQHQQLFKWVEHLEULQJHQLP*HJHQWHLOGLH.LQGHUZDUHQHV JHZHVHQ GLH GDUDXI DFKWHQ PXWHQ GD GLHVH DXFK ZHLWHUKLQ GLH )HOGHU EHVWHOOWHQ XQG GDV 9LHK EHWUHXWHQ (V PXWHQ ZLUNOLFK FKDRWLVFKH -DKUH JHZHVHQVHLQIDVWZDUHVVFKRQHLQ:XQGHUGDGLHNOHLQH.RORQLHEHUKDXSW EHUOHEW KDWWH 'HU ]LYLOLVDWRULVFKH 5FNIDOO ZDU MHGRFK XQYHUPHLGOLFK HLQHV 7DJHVZXUGHQGLH.OLPD]HOWHXQEHZRKQEDUXQGILHOHQLQVLFK]XVDPPHQ ³'DPDOVP|JHQGLH.LQGHUHWZD]HKQXQGHOI-DKUHDOWJHZHVHQVHLQ6LUKDWWH 0RULW] GHP +DOEPXWDQWHQ HUNOlUW ³6LH ZDUHQ QRUPDO LQWHOOLJHQW GRFK VLH NRQQWHQ QXU DXV GHQ (UIDKUXQJHQ OHUQHQ GLH VLH VHOEVW PDFKWHQ XQG LKUH +LOIVPLWWHO ZDUHQ EHVFKUlQNW :LU NRQQWHQ LKQHQ QXU EHLEULQJHQ ZLH PDQ DXI HLQIDFKH :HLVH )HXHU PDFKW ZLU OHKUWHQ VLH LP 6SLHO GDV %RJHQVFKLHHQ GHQ 8PJDQJPLWb[WHQXQG*UDEZHUN]HXJHQ0HKUZDUQLFKW]XYHUDQWZRUWHQZHLO GLH*HIDKUEHVWDQGGDLKUHVWXPSIVLQQLJHQ(OWHUQ ³6FKRQEHJULIIHQ%OHFKNDPHUDG,UJHQGZLHJLQJHVWURW]GHPDEHUGRFKZHLWHU DXV GHQ .LQGHUQ ZXUGHQ (UZDFKVHQH XQGVLHJUQGHWHQVHOEVW)DPLOLHQ1DFK XQG QDFK YHUVWUHXWHQ VLH VLFK EHU GDV 7DO XQG HUULFKWHWHQ GLH MHW]LJHQ '|UIHU DEHU DOOPlKOLFK ZXUGHQ VLH HEHQ ]X :LOGHQ 'RFK GLH (ULQQHUXQJ DQ GLFK XQG 0D[ XQG DQ HXUH %HOHKUXQJHQ EOLHE LKQHQ DOOHUGLQJV YLHOIDFK YHU]HUUW XQG HQWVWHOOW$XVGHQHKHPDOLJHQ5HVSHNWVSHUVRQHQZXUGHQGDUDXIKLQ*|WWHUHLQHU
ZDULPPHUQRFKGDDEHUHUYHUZHVWHQLFKWZLHGLH/HLFKHQLKUHU(OWHUQ'DUDXV VFKORVVHQGLH3ULPLWLYHQGDHUQXUVFKOLHIXQGVLHHUULFKWHWHQHLQH:RKQVWlWWH IULKQDXVGHQ0DWHULDOLHQGLHLKPLQHWZDJOLFKHQIUVLHDEHUQXW]ORVZDUHQ 6R HQWVWDQG LKU +HLOLJWXP ]X GHP VLH QXQ LQ MHGHP +RFKVRPPHU SLOJHUQ XP LKUHQ 7DJ GHU *|WWHU ]X EHJHKHQ XP GHQ VLFK QXQ VFKRQ QDFK ZHQLJHQ *HQHUDWLRQHQHLQHULFKWLJH/HJHQGHUDQNW ³%HGDXHUOLFK DEHU QLFKW PHKU ]X lQGHUQ KDWWH 0RULW] LQ VHLQHU URERWLVFKHQ /RJLNNRPHQWLHUW³0LFKEHGUFNWDEHUGHU*HGDQNHGDGLHVH/HXWHQXQHLQHQ 0HGRURERWYRP7\S0'DOV*RWWYHUHKUHQ6LU=ZDUKDW0U'LOORQDXFK VHLQ3URJUDPPEHGHXWHQGHUZHLWHUWDEHUGDVJHKWQXQGRFK]XZHLW ³,UJHQGZDQQ ZHUGH LFK GDV ZLHGHU ]XUHFKWELHJHQ YHUVSUDFK )UDP LKP QLFKW RKQH OHLVH %HOXVWLJXQJ ³)DOOV HU VLFK QRFK DNWLYLHUHQ OlW ZHUGH LFK GDV WXQ QXU PX LFK GD]X GHQ JHHLJQHWHQ =HLWSXQNW DEZDUWHQ 9RUKHU ZHUGH LFK DEHU VHOEVWHWZDVKRFKVWDSHOQGLHVH,GHHLVWPLUHEHQJHNRPPHQ'HU7DJGHU*|WWHU VWHKWEHYRUYRQGHPVLFKPHKUDOVWDXVHQG/HXWHEHVRQGHUH'LQJHHUZDUWHQ² JXWGDQQVROOHQVLHVLHDXFKEHNRPPHQ .XU]HQWVFKORVVHQKDWWHHUYROONRPPHQXPGLVSRQLHUW (LQH 6SH]LDOZHUNVWDWW GHU ([)ORWWH KDWWH JXWH $UEHLW JHOHLVWHW HU EHVD HLQH NRPSOHWWH$XVUVWXQJDOV³:LOGHU/HQGHQVFKXU]XQG8PKDQJDXVLPLWLHUWHP +LUVFKOHGHUXQG$QWLORSHQIHOOGD]XHLQHQSULPLWLYHQ%RJHQXQGHLQH7DVFKHPLW GHQQ|WLJHQ3IHLOHQ'RFKVFKRQEHLPEORHQ$QEOLFNGLHVHU.OHLGXQJKDWWHHV LKQJHMXFNWXQGVRYHU]LFKWHWHHUQXU]XJHUQDXILKUHQ*HEUDXFK 6WDWWGHVVHQWUXJHUQXQHLQHPLWWHOEODXH.RPELQDWLRQDWHPDNWLYXQGPLWYLHOHQ YHUERUJHQHQ([WUDV,QXQVLFKWEDUHQ7DVFKHQEHIDQGHQVLFKHLQ9LEURPHVVHUHLQ H[WUHP NOHLQHU .RPELVWUDKOHU XQG DQGHUH QW]OLFKH 'LQJH 'HU *UWHO EHKHUEHUJWH HLQ NOHLQHV )OXJDJJUHJDW GDV LKP ]ZDU QXU EHVVHUH /XIWVSUQJH HUODXEWHIUVHLQH=ZHFNHDEHUUHFKWEUDXFKEDUZDU 'RFKQRFKKLHHVZDUWHQVHLQH=HLWZDUQRFKQLFKWJHNRPPHQ 'HU =XJ DXV GHP QlFKVWOLHJHQGHQ 'RUI ZDU HEHQ HUVW HLQJHWURIIHQ GLH +WHU ZLHVHQLKPHLQHQ3ODW]]XXQGGLHJXW]ZHLKXQGHUW/HXWHOLHHQVLFKLP*UDV QLHGHU'LHHUVWHQ6lXJOLQJHOLHHQK|UHQGDVLHEHUHLWVZLHGHU+XQJHUKDWWHQ GLH 0WWHU |IIQHWHQ GLH 8PKlQJH DXV 3IODQ]HQIDVHUQ XQG UHLFKWHQ LKQHQ GLH %UXVW 'DPLW ZXUGH HV ZLHGHU UXKLJ MHGRFK QXU ELV ]XU $QNXQIW GHV QlFKVWHQ =XJHVGDQQZLHGHUKROWHVLFKDOOHV 8QGGDVLPJDQ]HQIQIPDOGDUEHUYHUJLQJHQHWZDDFKW]LJ0LQXWHQ)UDPLQ VHLQHP9HUVWHFNVHXI]WHEWHVLFKDEHULQ*HGXOGPLW+LOIHVHLQHUOHW]WHQEHLGHQ =LJDUHWWHQ'DQQZDUHVHQGOLFKVRZHLWQXQODJHUWHQHWZDWDXVHQG(UZDFKVHQH XQG +DOEZFKVLJH DXI GHP 3ODW] YRU GHP +HLOLJWXP GD]X QRFK UXQG YLHUKXQGHUW .OHLQNLQGHU )UDP UHFKQHWH EHUVFKOlJLJ GD VLFK QRFK XQJHIlKU WDXVHQG 3HUVRQHQ LQ GHQ '|UIHUQ EHILQGHQ PRFKWHQ IROJOLFK VFKLHQ QLFKW QXU DOOHLQGDV7DOUHFKWIUXFKWEDU]XVHLQ 'DQQHUVFKLHQ0DUJYRUGHP+HLOLJWXPVWLHJDXIHLQHQ%DXPVWXPSIXQGHUKRE EHLGH$UPH'DV9RONVJHPXUPHOYHUVWXPPWHDOOHUHFNWHQGLH+lOVHXQGGDQQ NODQJ VHLQH VRQRUH 6WLPPH IHLHUOLFK EHU GLH 6FKDU GHU HUZDUWXQJVYROOHQ
0HQVFKHQKLQ ³'LHV LVW GHU JURH 7DJ GHU 7DJ GHU *|WWHU ,KU VHLG LKUHP 5XI JHIROJW XQG JHNRPPHQXPVLH]XYHUHKUHQXQGVLHZHUGHQDXIHXFKKHUDEVFKDXHQLQ*WH XQGLQ6WUHQJH/RESUHLVHWGLH*|WWHU ³:LUSUHLVHQVLHNDPHVDOVYLHOIDFKHV(FKR]XUFN ³6LHKDEHQVLFKJQlGLJHUZLHVHQGLH(UQWHZLUGJXWGDV9LHKJHGHLKWXQGGLH -lJHU EULQJHQ UHLFKH %HXWH KHLP $OO GLHV LVW DOOHLQ LKU :HUN ² GDQNHW GHQ *|WWHUQ ³:LUGDQNHQLKQHQ ³(V ZXUGHQ ]DKOUHLFKH .LQGHU JHERUHQ VLH DOOH VLQG JHVXQG XQG QXU ZHQLJH $OWHVLQGJHVWRUEHQ'RFKLKUH*HLVWHUVLQGKLQDXI]XGHQ*|WWHUQJHJDQJHQZR VLHQXQDXIXQVZDUWHQ/REHWGLH*|WWHU 6R JLQJ HV ODXIHQG ZHLWHU XQG %RUXQ NRQQWH QLFKW XPKLQ 0DUJ IU VHLQHQ (UILQGXQJVUHLFKWXP$QHUNHQQXQJ]X]ROOHQ'DQQVFKLHQGHU+WHUDP(QGH]X VHLQ GRFK QXQ ZXUGH HU YRQ 7DVK DEJHO|VW XQG GLHVHU EHUWUDI LKQ QRFK XP /lQJHQ(UVDQJVHLQHQ3DUWPLWHLQHUNUlIWLJHQ%DULWRQVWLPPHXQGJLQJQXQ]X $QUXIXQJHQ EHU XP DXFK IU GLH =XNXQIW GDV :RKOZROOHQ GHU QLFKW YRUKDQ GHQHQ*|WWHUEHUGLH/XUXSHU]XHUELWWHQ 'DUEHU YHUJLQJ QRFKPDOV HLQH 9LHUWHOVWXQGH XQG GHU +DOEPXWDQW EHJDQQ ODQJVDP XQJHGXOGLJ ]X ZHUGHQ 'RFK GDQQ WUDW ZLHGHU 0DUJ DXI XQG VFKRQ VHLQHHUVWHQ:RUWHOLHHQ)UDPDXIKRUFKHQ ³0DFKWHXFKEHUHLWLKU0WWHUHXUH.LQGHUYRUGDV$QJHVLFKWGHV6FKODIHQGHQ *RWWHV]XEULQJHQ:LUZHUGHQQXQGDV+HLOLJWXP|IIQHQGDPLWLKQDOOHVHKHQ XQG]XLKPEHWHQN|QQHQXQGGDQDFK -HW]W RGHU QLH GDFKWH )UDP %RUXQ OLH )HUQJODV XQG 0LNURIRQ LP *HEVFK YHUVFKZLQGHQXQGVFKDOWHWHVHLQ)OXJJHUlWHLQ (U KDWWH HWZD GUHLKXQGHUW 0HWHU ]X EHUZLQGHQ VWLHJ DXI IQI]LJ 0HWHU +|KH XQG JLQJ LQ ZDDJUHFKWHU +DOWXQJ ]XP *OHLWIOXJ EHU 1LHPDQG K|UWH RGHU VDK LKQ NRPPHQ GDV $JJUHJDW DUEHLWHWH IDVW JHUlXVFKORV XQG DOOHU $XJHQ KLQJHQ ZLHJHEDQQWDQGHP+HLOLJWXP'RUWEHPKWHQVLFKQXQGLH+WHUPLWYHUHLQWHQ .UlIWHQ GHQ VFKZHUHQ 9RUKDQJ ]XU 6HLWH ]X ]LHKHQ ]XQlFKVW MHGRFK RKQH (UIROJ (U KLQJ DQ +RO]UROOHQ GLH EHU GDV *HOlQGHU GHU YHUNHKUW KHUXP OLHJHQGHQ 'DFK$JUDYSODWWH OLHIHQ GRFK GDV +RO] KDWWH VLFK XQWHU GHQ :HWWHUHLQZLUNXQJHQ YHU]RJHQ XQG NOHPPWH QXQ 7DVK XQG 0DUJ JULIIHQ QRFK IHVWHU ]X VWHPPWHQ LKUH )H LQ GHQ %RGHQ XQG NHXFKWHQ VLH ZDUHQ DQ N|USHUOLFKH $QVWUHQJXQJHQ QLFKW JHZ|KQW 'DQQ DEHU JDE HV SO|W]OLFK HLQHQ 5XFN²GLH5ROOHQTXLHWVFKWHQODXWGHU9RUKDQJJOLWWDXIULGLH+WHUPLWVLFK XQG]X%RGHQ (LQ EHGDXHUOLFKHV 0LJHVFKLFNW GD LKUHU :UGH DEWUlJOLFK ZDU DOVR EHHLOWHQ VLHVLFKZLHGHUDXIGLH%HLQH]XNRPPHQ'RFKQXQJLQJHLQODXWHV$XIVW|KQHQ GXUFKGLH5HLKHQGHU*OlXELJHQXQG6FKUHLHGHV(QWVHW]HQVIROJWHQ0DUJXQG
7DVKEH]RJHQGDV]XQlFKVWDXIVLFKGRFKGDQQVDKHQVLHYHUEOIIWZLHVLFKGDV *URVGHU/HXWH]X%RGHQZDUIXQGGLH*HVLFKWHUYHUEDUJ :DV PRFKWH GD ZRKO JHVFKHKHQ VHLQ KDWWH GHU 6FKODIHQGH *RWW LKUH $QUXIXQJHQHUK|UWXQGZDUDXVVHLQHP6FKOXPPHUHUZDFKW"'RFKHLQVFKQHOOHU %OLFNEHU]HXJWHVLHGDYRQGDHUQRFKUHJXQJVORVDXIVHLQHP3RGLXPVDVLH ZDQGWHQ VLFK ZLHGHU XP XQG EHPHUNWHQ QXQ GD GLH $XJHQ GHU ZHQLJHQ GLH QRFKDXIUHFKWVDHQ]XHLQHP3XQNWJLQJHQGHUZHLWHUREHQODJ 'LH+WHUVWROSHUWHQHLQLJH6FKULWWHUFNZlUWVULFKWHWHQLKUHQ%OLFNJOHLFKIDOOV GRUWKLQXQGHUVFKUDNHQQXQVHOEVWIDVW]X7RGH $XIGHP'DFKGHV+HLOLJWXPVVWDQGHLQHULHVLJH*HVWDOWJDQ]PLWHLQHP$Q]XJ DXV EODXHP *|WWHUVWRII EHNOHLGHW 6LH JOLFK ]ZDU QLFKW GHP 6FKODIHQGHQ *RWW VRQGHUQ ZLUNWH HKHU ZLH HLQ 0HQVFK DEHU VLH ZDU IUHPGDUWLJ XQG VFKLHQ JHUDGHZHJVDXVGHP+LPPHOJHNRPPHQ]XVHLQ (LQIUHXGLJHU6FKUHFNO|VWHEHL0DUJGLH)XUFKWDE²MDQXUVRNRQQWHHVVHLQ GLH*|WWHUKDWWHQLKUH*HEHWHJHK|UWXQGHLQHUYRQLKQHQZDUGDUDXIKLQ]XLKQHQ KHUDEJHNRPPHQ'DVZDUZHLWPHKUDOVHUMH]XKRIIHQJHZDJWKDWWHGHU+WHU VDQNLQGLH.QLHXQGJDE7DVKHLQHQ6WRVRGDGLHVHUHEHQIDOOV]X%RGHQILHO 'DQQ UHFNWH HU EHLGH +lQGH LQ GLH +|KH QDKP DOOHQ 0XW ]XVDPPHQ XQG ULHI ODXWDXV ³:LUGHLQHXQZUGLJHQ'LHQHUJUHQGLFKGXKRKHU*RWW8QGZLUGDQNHQGLU LP 1DPHQ DOOHU *OlXELJHQ KLHU YRU GHP +HLOLJWXP GDIU GD GX ]X XQV JHNRPPHQELVW'XZLUVWGHQ6FKODIHQGHQ*RWWHUZHFNHQXQGGDQQZLUGDOOHVVR NRPPHQZLHGLH$OWHQJHVDJWKDEHQQLFKWZDKU" 1LFKWVFKOHFKWGLHVHU0DQQZHQQPDQEHGHQNWGDHUDXFKQXUHLQ:LOGHULVW GDFKWH)UDP%RUXQDQHUNHQQHQG1LFKWMHGHUDQGHUHZUGHHVZDJHQLQGLHVHU /DJH]XHUVWGDV:RUW]XHUJUHLIHQGRFKGLHVH/HXWHVLQGZRUWZ|UWOLFK]XU1DWXU ]XUFNJHNHKUWLKQHQVLQGDOOH]LYLOLVDWRULVFKHQ.RQYHQWLRQHQIUHPG'DVPDFKW VLHXQEHIDQJHQHUXQG]XJOHLFKDXIULFKWLJHUVLHN|QQHQQRFKZLUNOLFKDQK|KHUH :HVHQ JODXEHQ :R ILQGHW PDQ GDV KHXWH LQ GHU FKDRWLVFKHQ *DOD[LV QRFK" (LJHQWOLFKVFKDGHGDLFK0DUJQXQKDOEHQWWlXVFKHQPX 'RFK)UDPV3ODQVWDQGIHVWLKPODJQLFKWVGDUDQVLFKJHJHQEHUGHQSULPLWLYHQ 0HQVFKHQ DOV HFKWHU ³*RWW DXI]XVSLHOHQ 6LFKHU GDV ZlUH LKP QLFKW VFKZHUJHIDOOHQHVKlWWHDEHU]XJOHLFKVHLQH$XIJDEHQXUHUVFKZHUW9HUPXWOLFK ZlUHQVLHLKPEHGHQNHQORVJHIROJWZHQQHUVLHDXIJHIRUGHUWKlWWH/XUXSVRIRUW ]XYHUODVVHQGRFKGHU)LNWLRQQXQLQGHQ³+LPPHODXI]XVWHLJHQZlUHEDOGGLH DEVROXWH (UQFKWHUXQJ JHIROJW 1HLQ VLH PXWHQ DXI GHQ .XOWXUVFKRFN HUVW EHKXWVDPYRUEHUHLWHWZHUGHQXQGGDVOLHVLFKQXUPDFKHQZHQQHULKQHQMHW]W VFKRQHLQLJH,OOXVLRQHQQDKP ³,FK GDQNH GLU IU GLHVH %HJUXQJ +WHU 0DUJ JDE HU JHPHVVHQ ]XUFN ³DEHUHLJHQWOLFKVWHKWVLHPLUQLFKW]X,FKELQNHLQ*RWWVRQGHUQQXUHLQ%RWH GHU*|WWHUGHQGLHVHLQV/XUXS7DOVHQGHQDOV=HLFKHQGDIUGDVLHHXHU9RON QLFKWYHUJHVVHQKDEHQ$OVVROFKHUZHUGHLFKHLQLJH=HLWXQWHUHXFKZHLOHQXP HXFK]XKHOIHQXQG]XUDWHQELVGHU7DJJHNRPPHQLVWDXIGHQLKUDOOHZDUWHW 'DV ZDU ]ZDU HLQH UHLFKOLFK QHEXO|VH XQG YLHOGHXWLJH $QWZRUW DEHU GHQ
HLQIDFKHQ *HPWHUQ GHU 7DOEHZRKQHU JHQJWH VLH 'DV *URV GHU KLHU 9HUVDPPHOWHQ KDWWH GHXWOLFK JHVHKHQ GD GHU +DOEPXWDQW GLUHNW DXV GHP +LPPHOJHNRPPHQXQGDXIGDV+HLOLJWXPKHUDEJHVFKZHEWZDUXQGGDVDOOHLQ ZDU VFKRQ HLQ JURHV :XQGHU $OOH KDWWHQ)UDPV:RUWHJHK|UWQXQKREHQVLH LKUH*HVLFKWHUZLHGHUXQGVDKHQYROOHU%HZXQGHUXQJ]XLKPDXI 6LH KDWWHQ QLFKW PHKU HUZDUWHW DOV GHQ 6FKODIHQGHQ *RWW VHKHQ ]X GUIHQ GDQHEHQYLHOOHLFKWDXFKQRFKGLH(UIOOXQJUHLQSURIDQHU:QVFKHLP$XVWDXVFK PLW GHQ %HZRKQHUQ DQGHUHU '|UIHU ]X HUOHEHQ 'RFK QXQ ZDU HLQ OHLEKDIWLJHU *|WWHUERWH ]X LKQHQ KHUDEJHVWLHJHQ LQ HLQHU SUlFKWLJHQ .OHLGXQJ JHJHQ GLH VHOEVWGDVEHVWH)HOOZDPVHLQIDFKVFKlELJZDU(UYHUVSUDFKLKQHQJURH'LQJH XQGZUGHGLHVDXFKKDOWHQGDUDQ]ZHLIHOWHQLHPDQG'DIUPXWHPDQLKPQXQ DXFKJHEKUHQGGDQNHQXQGVRNODQJEDOGDXVGHU0DVVHGHU5XIDXI ³6HLXQVZLOONRPPHQ%RWHGHU*|WWHU:LUGDQNHQGLU 1XU HLQLJH 0HQVFKHQ KDWWHQ LKQ DQJHVWLPPW GRFK GLH DQGHUHQ QDKPHQ LKQ VSRQWDQDXIXQGZLHGHUKROWHQLKQ/DXWEUDQGHWHHU]X)UDP%RUXQHPSRUXQG HU KRE EHLGH $UPH ZLH IUKHU LP =LUNXV ZHQQ HU VLFK IU GHQ %HLIDOO GHV 3XEOLNXPVEHGDQNWKDWWH'DQQWUDWODQJVDPZLHGHU5XKHHLQ)UDPGUFNWHDXI HLQHQ .RQWDNW DQ VHLQHP *UWHO VWLHJ HLQLJH 0HWHU LQ GLH /XIW XQG VFKZHEWH GDQQVDQIW]X%RGHQ (UVHW]WHGLUHNWYRUGHQEHLGHQ+WHUQDXILJQRULHUWHVLHDEHU]XQlFKVWXQGZDUI HLQHQ%OLFNLQGDV+HLOLJWXP'DULQVDKHUDXFKSURPSWGHQ]ZHLWHQ0HGRURERW GHU63$&(6:$//2:XQGYHUQHLJWHVLFKNXU]YRULKPVHLQHU5ROOHJHPl 'DQQ ZDQGWH HU VLFK XP ]X 7DVK XQG 0DUJ XQG VDJWH LP UDXKHQ ,GLRP GHU 7DOEHZRKQHU ³'LH *|WWHU KDEHQ GLHVHQ =HLWSXQNW IU PHLQH $QNXQIW PLW %HGDFKW JHZlKOW GDPLWPLFKDOOHVHKHQVROOWHQ'RFKQXQVROOHQGLH)HLHUQZHLWHUJHKHQZLHVRQVW DXFKGLH/HXWHVROOHQQLFKWVHQWEHKUHQPVVHQVDJWLKQHQGDV0HLQ1DPHLVW EULJHQV)UDP 7DVKVWLHJDXIGHQ%DXPVWDPPXPGLH%RWVFKDIWDXV]XUXIHQXQG0DUJIUDJWH OHLVH³.RPPVWGXDXVGHP5HLFKGHU*|WWHUXQGZLUVWGXGHQ6FKODIHQGHQ*RWW DXIZHFNHQ*|WWHUERWH)UDP" ³1LFKWGLUHNWZLFK%RUXQDXV³LKU5HLFKLVWVHKUZHLWHQWIHUQW'HVKDOEZHUGHW LKUDXFKODQJHZDUWHQPVVHQELVVLH]XHXFKNRPPHQXQGGHU6FKODIHQGH*RWW ZLUGDXFKHUVWXPGLHVH=HLWHUZDFKHQ ³,FKYHUVWHKHVDJWHGHU+WHUXQG)UDPVFKDOWHWHVLFKNXU]LQVHLQH*HGDQNHQ HLQ 6LH ZXUGHQ YRQ )UHXGH EHU XQG 'DQNEDUNHLW IU GDV JURH (UOHEQLV EHKHUUVFKW GRFK LP +LQWHUJUXQG VSUWH HU DXFK HLQH JHZLVVH %HVRUJQLV 'LHVH JDOW MHGRFK QLFKW LKP VRQGHUQ ]ZHL 0lQQHUQ DXV GHP 7DO YRQ GHQHQ 0DUJ 6FKZLHULJNHLWHQ]XHUZDUWHQVFKLHQ ³:LUKDEHQNHLQHZUGLJH8QWHUNXQIWIUGLFK*|WWHUERWHVSUDFK0DUJZHLWHU ³,FKZUGHGLFKJHUQHLQODGHQLQPHLQHP+DXV]XZRKQHQDEHUHVLVWIUGHLQH 3HUVRQ YLHO ]X NDUJ 6ROOHQ ZLU GLU LP +HLOLJWXP HLQ /DJHU IU GLH NRPPHQGH 1DFKW HLQULFKWHQ" +HXWH NDQQ VRQVW QLFKWV PHKU JHVFKHKHQ HV LVW VFKRQ EDOG 0LWWDJ XQG DOOH +DQGZHUNHU EHILQGHQ VLFK KLHU EHL GHQ *OlXELJHQ 'RFK LFK
ZHUGHQDFKKHUPLWGHQ'RUIREHUHQUHGHQ (U ZROOWH GD IU GHQ KRKHQ *DVW HLQ QHXHV P|JOLFKVW SUXQNYROOHV +DXV HUULFKWHW ZXUGH DEHU LP =XVDPPHQKDQJ GDPLW GUDQJHQ DXFK VHLQH %HGHQNHQ ZLHGHUGXUFK1XQNRQQWHGHU+DOEPXWDQWVLH]LHPOLFKNODUHUNHQQHQHUZDUWHWH DEELV0DUJDXVJHUHGHWKDWWHXQGHUNOlUWH ³*XW VSULFK PLW GHQ 2EHUHQ VRQVW EUDXFKVW GX GLU DEHU NHLQH 6RUJHQ ]X PDFKHQ,FKZHUGHHXFKIUGHQ5HVWGLHVHV7DJHVYHUODVVHQXQGQRFKPDOV]XP +LPPHO DXIVWHLJHQ XP GRUW ]X UXKHQ 0RUJHQ PLWWDJ NHKUH LFK GDQQ KLHUKHU ]XUFNXQGGXNDQQVWPLUPLWWHLOHQZDVHXUH%HUDWXQJHUJHEHQKDW 'HU +WHU QLFNWH GHYRW XQG HUOHLFKWHUW ]XJOHLFK )UDP VFKDOWHWH GDV )OXJDJJUHJDWHLQXQGWUDWVHLQH³+LPPHOIDKUWDQ 'DV ZXUGH QDWUOLFK YRQ GHQ 9HUVDPPHOWHQ EHPHUNW XQG VRUJWH IU QHXH 8QUXKH 0DUJ EHHLOWH VLFK MHGRFK LKQHQ DOOHV ]X HUNOlUHQ VRZHLW HU HV VHOEVW YHUVWDQGXQGKDWWH(UIROJGDPLW'LH/HXWHZDUHQVRJDUHUOHLFKWHUWZHLOHVQXQ NHLQHQ 6W|UIDNWRU PHKU JDE GHU GLH )HLHU GHV JURHQ 7DJHV EHHLQWUlFKWLJHQ NRQQWH 7DVK XQG 0DUJ EHHLOWHQ VLFK GLH 6FKDXGHU.OHLQNLQGHUKLQWHUVLFK]X EULQJHQ XQG JDEHQ GDQQ GDV 6LJQDO ]XP SULYDWHQ 7HLO GHV 7DJHV 'DV OLHHQ VLFKGLH0HQVFKHQQLFKW]ZHLPDOVDJHQGHU*|WWHUERWHZDUDXJHQEOLFNOLFKIDVW JDQ] YHUJHVVHQ )HXHU ZXUGHQ HQW]QGHW XQG JURH 0HQJHQ )OHLVFK GDUEHU JHEUDWHQ XQG QDFK GHP 0DKO TXLUOWH DOOHV GXUFKHLQDQGHU 'LH bOWHUHQ VDHQ ]XVDPPHQOLHHQGLH%HFKHUPLW)UXFKWZHLQNUHLVHQEUVWHWHQVLFKLKUHU7DWHQ XQGWDXVFKWHQ(UIDKUXQJHQDXV'LH-XQJHQZLHGHUXPELOGHWHQHLJHQH*UXSSHQ XQGNQSIWHQJDQ]DQGHUH.RQWDNWHGHQQIUVLHZDUGLHVHV)HVWLQHUVWHU/LQLH HLQH$UWYRQ+HLUDWVPDUNW 6RJLQJHVZHLWHUELV]XPVSlWHQ$EHQG)UDP%RUXQNPPHUWHVLFKDEHUQLFKW PHKUGDUXP(UZDU]X0RULW]]XUFNJHIORJHQGHUPLWGHU$JUDYSODWWHDP5DQG GHV+RFKSODWHDXVZDUWHWHXQGZlKUHQGGHV)OXJHVKDWWHHUHUVWHLQPDODXVJLHELJ IULVFKH/XIWJHVFKQDSSW'LH7DOEHZRKQHUZDUHQQLFKWQXUKDOEH:LOGHVRQGHUQ URFKHQ DXFK VR EHU GHQ IDVW DQGHUWKDOE WDXVHQG 0HQVFKHQ KDWWH VLFK HLQH 'XIWZRONHJHELOGHWGLHHLQHP=LUNXV5DXEWLHUJHKHJHLQHWZDJOHLFKNDP ³0HLQHUVWHV*|WWHUJHVFKHQN DQGLH/HXWHZLUGGLH(LQIKUXQJYRQ6HLIHVHLQ HUNOlUWH HU QDFK VHLQHU /DQGXQJ ³0HUN GLU GDV 0RULW] XQG HUVWHOOH PLU HLQH /LVWHDOOHU*UXQGVWRIIHGLHGD]XQ|WLJVLQG ³:LUGEHVRUJW6LUVDJWHGHU5RERWHUVWDUWHWHGLH3ODWWIRUPXQGEUDFKWHVLHDXI .XUV ]XU 63$&( 6:$//2: ³,P EULJHQ NDQQ LFK QXU VDJHQ GD 6LH DXV ,KUHP$XIWULWWZLUNOLFKHLQ2SWLPXPDQ:LUNXQJKHUDXVJHKROWKDEHQ,FKKDEH EHU ,KU $UPEDQGJHUlW DOOHV HLQZDQGIUHL HPSIDQJHQ JHVSHLFKHUW XQG ORJLVFK DXVJHZHUWHW6LU ³:HQQ GX GDV VDJVW ZLUG HV ZRKO VWLPPHQ PXUPHOWH )UDP ³(V ZLUG DEHU WURW]GHPQRFK.RPSOLNDWLRQHQJHEHQYHUODGLFKGDUDXI'HQ*HGDQNHQ0DUJV KDEH LFK HQWQRPPHQ GD LQ GLHVHP VFK|QHQ 7DO QLFKW QXU HLWHO )ULHGH XQG )UHXGH KHUUVFKW HV VFKHLQW QXU VR 'D JLEW HV QlPOLFK ]ZHL 'RUIREHUH GLH PLWHLQDQGHUULYDOLVLHUHQEHLGHJODXEHQVLFKGD]XEHUXIHQ+HUUHQEHUGDVJDQ]H 7DO]XVHLQ%LVKHUKDEHQVLHVLFKQXUYHUEDOH*HIHFKWHJHOLHIHUWLQOHW]WHU=HLW
ZLHJHOQ VLH DEHU VFKRQ LKUH /HXWH JHJHQHLQDQGHU DXI LQ GHU +DXSWVDFKH GLH -lJHU(UVWH6WUHLWLJNHLWHQXP-DJGUHYLHUHKDWHVVFKRQJHJHEHQLFKZHUGHZRKO HLQ0DFKWZRUWVSUHFKHQPVVHQHKHGDVZHLWHUDXVDUWHW ³'DV VROOWH ,KQHQ PLW ,KUHQ *DEHQ GRFK QLFKW VFKZHUIDOOHQ 6LU EHPHUNWH 0RULW]DEHU%RUXQZLQNWHDEXQGOlFKHOWHKXPRUORV ³6FKRQP|JOLFKLFKZHUGHMHGHQIDOOVWXQZDVLFKNDQQ+HXWHQRFKGUIWHVLFK DEHUVFKRQHLQQHXHU.RQIOLNWDQEDKQHQZHQQHVXPGHQ%DXHLQHV+DXVHVIU PLFKDOV*|WWHUERWHQ JHKW'LHVH/HXWHGHQNHQLQ]LHPOLFKYHUTXHUHQ%DKQHQ MHGHUZLUGVLFKHLQHQ9RUWHLOGDYRQYHUVSUHFKHQPLFKLQVHLQHU1lKH]XKDEHQ 'HUHLQHZLUGGDUDXIEHVWHKHQGDGDV+DXVLQVHLQHP'RUIHUULFKWHWZLUGGHU DQGHUH DEHU DXFK XQG ZHQQ VLH VLFK QLFKW HLQLJ ZHUGHQ ZLUG GHU 5HVW GHU 2EHUHQHEHQIDOOV$QVSUFKHDQPHOGHQ ³'DVHKHLFKHLQHQJXWHQ$XVZHJ6LU/DVVHQ6LHGDV+DXVHLQIDFKQHEHQGHP +HLOLJWXP HUULFKWHQ 'DQQ LVW QLHPDQG EHQDFKWHLOLJW XQG GLH *HPWHU ZHUGHQ VLFKEDOGEHUXKLJHQ ³'DV LVW NHLQH HFKWH /|VXQJ %OHFKNDPHUDG NQXUUWH )UDP ³'RUW ZlUH LFK ZHLWJHKHQGLVROLHUWDEHUJHUDGHGDVZLOOLFKYHUPHLGHQ:HQQLFKGHQ/XUXSHUQ ZLUNOLFK HWZDV EHLEULQJHQ VROO PX LFK PLWWHQ XQWHU LKQHQ ZRKQHQ LKUH 3UREOHPH JHQDX NHQQHQ XQG GDQDFK KDQGHOQ 0RPHQW LFK KDE V LFK ZHUGH UHLKXPMHZHLOVHLQ-DKULQHLQHPGHU'|UIHUKDXVHQ'LH5HLKHQIROJHZLUGGXUFK GLH+WHUDXVJHORVWXQGVRNDQQVLFKNHLQHUGHU%XUVFKHQEHVFKZHUHQ ³6HKU JXW XQG ORJLVFK DQHUNDQQWH GHU 5RERW ³DEHU GDV XPIDW GDQQ HLQHQ =HLWUDXP YRQ YROOHQ VHFKV -DKUHQ :ROOHQ 6LU ZLUNOLFK VR ODQJH DXI GLHVHP 3ODQHWHQEOHLEHQ" 'HU+DOEPXWDQW]RJHLQH*ULPDVVH ³9RQ :ROOHQ NDQQ NHLQH 5HGH VHLQ PHLQH &KHILQ PHLQW VRJDU GD HV QRFK OlQJHU GDXHUQ ZLUG 'DV VWLQNW PLU ]ZDU XQG GLHV QLFKW QXU V\PEROLVFK KDK LFKKDEHQRFKHLQH,GHH:HVKDOEVROOLFKLQHLQHUSULPLWLYHQ+WWHKDXVHQGDV LVWIUHLQHQ*|WWHUERWHQGRFKQLFKWVWDQGHVJHPl0RULW]GXULFKWHVW]XQlFKVW KLHU DQ %RUG HLQH .DELQH IU PLFK KHU LP )DFK GHU 3ODWWIRUP VLQG QRFK %DWWHULHQ]XU(QHUJLHYHUVRUJXQJ8QGGDQQVLHKVWGXLQGHQ/DJHUUlXPHQQDFK LFKZHWWHGDHVGRUWQRFK5HVHUYH.OLPD]HOWHJLEW ³:HWWH JHZRQQHQ 6LU ² HV VLQG QRFK ]ZHL GD XQG LFK ZHL DXFK ZR VLH ODJHUQ*XWGDQQJHKHLFKMHW]WVRIRUWDQGLH$UEHLWXQGDOVHUVWHVEHUHLWHLFKHLQ 0LWWDJHVVHQIU6LHYRU ³.HLQH (LQZlQGH VDJWH %RUXQ XQG PHUNWH HUVW MHW]W GD HU DXFK ZLUNOLFK KXQJULJ ZDU (U YHU]HKUWH GDV )HUWLJJHULFKW WUDQN ]ZHL %HFKHU .DIIHH XQG ZXUGH DQVFKOLHHQG YRQ 0RULW] LQ GLH .DELQH GHV HLQVWLJHQ .DSLWlQV JHIKUW 6LH ZDU YHUVFKORVVHQ JHZHVHQ VR GD ELV DXI .OHLQLJNHLWHQ DOOHV QRFK LQ 2UGQXQJ ZDU 'DV /LFKW EUDQQWH GLH )ULVFKOXIW]XIXKU IXQNWLRQLHUWH XQG )UDP QLFNWH]XIULHGHQ ³'DQNH 0RULW] GDV KDVW GX JXW JHPDFKW ,FK OHJH PLFK MHW]W DXIV 2KU SD VRODQJH GUDXHQ DXI XQG ZHFN PLFK LQ IQI 6WXQGHQ 'DQQ ZLOO LFK PDO QDFKVHKHQZDVVLFKEHLP+HLOLJWXPWXW
'LH6RQGHNUHLVWHODQJVDPEHUGHP*HELHWGHU+DOEPXWDQWVWHXHUWHVLHXQGVDK DXIPHUNVDPDXIGHQ0RQLWRU (V KHUUVFKWH HLQ ]LHPOLFKHV 'XUFKHLQDQGHU GHU )UXFKWZHLQ ]HLJWH VHLQH :LUNXQJ YRU DOOHP EHL GHQ 0lQQHUQ 'LH )UDXHQ NDPHQ GDEHL ZLH PHLVW EHL SULPLWLYHQ9|ONHUQVFKOHFKWZHJVLHPXWHQ]XVHKHQXQGVLFKXPGLH.LQGHU NPPHUQ 'LH MXQJHQ /HXWH KDWWHQ GLH OHW]WHQ 6WXQGHQ DXI LKUH :HLVH JHQXW]W XQG VLFK SDDUZHLVH LQ GLH XPOLHJHQGHQ %VFKH JHVFKODJHQ (KHQ ZXUGHQ DXFK DXI/XUXSQLFKWQXULP+LPPHOJHVFKORVVHQ 'DVDOOHVUHJLVWULHUWH)UDPDEHUQXUQHEHQEHLLKPJLQJHVXPZLFKWLJHUH'LQJH 1DFK NXU]HP 6XFKHQ HQWGHFNWH HU YRU GHP +DXV HLQHV +WHUV HLQH NOHLQH *UXSSH YRQ 0lQQHUQ XQG OLH GLH 6RQGH EHKXWVDP DXI GDV +DXVGDFK QLHGHUVLQNHQ 6LH ZXUGH QLFKW EHPHUNW GHQQ GLH /HXWH GLVNXWLHUWHQ HLIULJ XQG VDKHQQLFKWDXIGRFKHUNRQQWHDXIGLHVH:HLVHDOOHVJHQDXPLWYHUIROJHQ ³VROOWHVWGLFKQLFKWVRDXIVSLHOHQ&OLSNDPHVHEHQVFKDUIYRQHLQHPlOWHUHQ 0DQQ PLW EUHLWHP *HVLFKW XQG VWUlKQLJHP ELV DXI GLH 6FKXOWHUQ IDOOHQGHP JUDXHQ+DDU³9LHOOHLFKWLVWHXHU'RUIZLUNOLFKJU|HUDOVXQVHUHVEHVVHULVWHV GHVKDOE DEHU QRFK ODQJH QLFKW :LU ]lKOHQ GUHLLJ .|SIH PHKU DOV LKU XQVHUH +lXVHUVLQGVWDWWOLFKHUXQGXQVHUH-lJHUEULQJHQYLHOPHKU%HXWHKHLP ³:HLOLKUDOOHVWXWXPXQVHUH]XEHKLQGHUQNQXUUWHHLQDQGHUHUEUHLWVFKXOWULJ XQG URWKDDULJ YHUELVVHQ ³1LFKW XPVRQVW WUHLEHQ VLFK HXUH GUUHQ EHHUHQVXFKHQGHQ:HLEHULPPHU]ZLVFKHQXQVHUHQ%HUJHQKHUXPPDFKHQGDEHL DEVLFKWOLFK/lUPXQGYHUVFKHXFKHQVRGDV:LOG6HLIURKGDZLUVLHLPPHUQXU ]XUFNJHWULHEHQ KDEHQ VWDWW VLH ULFKWLJ ]X YHUSUJHOQ /RYHU $XHUGHP VWHKW IHVWGDPHLQ'RUIGLHJHVFKLFNWHUHQ+DQGZHUNHUKDWLKUH:DUHQVLQGEHUDOO LP7DOJHIUDJW:HQQVLHGDV+DXVIUGHQ*|WWHUERWHQEDXHQZLUGHUVLFKGDULQ ZLUNOLFKZRKOIKOHQZlKUHQGHUEHLHXFKGRFKQXU ³+|UWHQGOLFKDXIGDPLWZDUIGHU+WHU7DVKEHVFKZ|UHQGHLQ³,FKZHLGD LKUHXFKQLFKWOHLGHQN|QQWDEHUGDVVROOWHWLKUMHW]WHLQPDOJDQ]YHUJHVVHQ2GHU ZROOWLKUGDGHU=RUQ)UDPVXQGGHU*|WWHUEHUHXFKNRPPWZHLOLKUNHLQHQ )ULHGHQ KDOWHQ ZROOW" )DVW JODXEH LFK GD HV NHLQHU YRQ HXFK EHLGHQ ZHUW LVW GHQ%RWHQGHU*|WWHULQVHLQHP'RUI]XEHKHUEHUJHQ ³6HKU ULFKWLJ VDJWH HLQ NOHLQHU 'LFNHU PLW HLQHP 0DXVJHVLFKW GHU HLQ DXIIDOOHQG EXQWHV /HGHUZDPV WUXJ ³(U LVW HLQ EHVRQGHUHU 0DQQ NHLQ VR XQJHKREHOWHU %XUVFKH ZLH LKU YLHOOHLFKW QLFKW HLQPDO HLQ 0HQVFK /DW PHLQH /HXWH HLQ +HLP IU LKQ HUULFKWHQ LQ GHP HU VLFK ZLUNOLFK ZRKO IKOHQ NDQQ 8QVHUHWFKWLJHQ)UDXHQZHUGHQHVUHLFKPLWVFKZHOOHQGHQ3ROVWHUQXQGSUlFKWL JHQ'HFNHQVFKPFNHQXQGZHQQHUXQVHUHVFK|QVWH-XQJIUDXGD]XEHNRPPHQ NDQQ ³+DKDODFKWHHLQYLHUWHUVFKDGHQIURKDXI³'DPLWPHLQVWGXGRFKZRKO*O\VD DEHUGLHWUHLEWHVLQGHQ%VFKHQJHUDGHPLWHLQHPDXVXQVHUHP'RUI*RUP ,FK JODXEH NDXP GD VLFK MHPDQG DXV GHP 5HLFK GHU *|WWHU PLW :DUH DXV ]ZHLWHU +DQG ]XIULHGHQJHEHQ ZLUG XQG GDV EUDXFKW HU EHL XQV QLFKW ]X EHIUFKWHQ0HLQ'RUILVW]ZDUGDVNOHLQVWHGRFKLQLKPKHUUVFKHQJXWH6LWWHQ XQVHUH/HXWHP|JHQ]ZDUQLFKWDOOHZRKOKDEHQGVHLQDEHUGDIUVLQGVLHHKUOLFK
XQGDXIULFKWLJXQGHKUHQGLH*|WWHUDXVJDQ]HP+HU]HQ ³$XFKMHQHU-QJOLQJGHUHVMHW]WPLW*O\VDWUHLEW"HUNXQGLJWHVLFKGHUQlFKVWH DEHUQXQUL0DUJGLH*HGXOG ³*HQXJ GDYRQ IXKU HU ]RUQLJ DXI ³-HGHU YRQ HXFK GHQNW QXU GDUDQ GHP *|WWHUERWHQLUJHQGZLH]XVFKPHLFKHOQZHLOHUVLFKGDYRQHLQHQ9RUWHLOIUVHLQ 'RUIYHUVSULFKW0HUNWLKUGHQQQLFKWZLHXQZUGLJLKUHXFKGDEHLDXIIKUWXQG IUFKWHWLKUQLFKWGDGHU%RWHHXFKGXUFKVFKDXW"'LH*|WWHUKDEHQLKQJHVDQGW GDPLWHUXQVDXILKUH5FNNHKUYRUEHUHLWHQVROOXQGZLHPlFKWLJHULVWKDWHU XQV GRFK VHKU GHXWOLFK JH]HLJW 0X HU HXFK ZLUNOLFK HUVW VWUDIHQ HKH LKU ]XU (LQVLFKWNRPPW" )U HLQHQ 0RPHQW KHUUVFKWH QDFKGHQNOLFKHV 6FKZHLJHQ GRFK GDQQ HUKRE VLFK HLQ ZDKUHV 6WLPPHQJHZLUU )UDP %RUXQ K|UWH KHUDXV GD HUQHXW MHGHU GLH 6FKXOGDXIHLQHQGHUDQGHUHQVFKREXQGLKPZXUGHNODUGDDQHLQH(LQLJXQJ NDXP ]X GHQNHQ ZDU 1XQ VHLQ (QWVFKOX VWDQG RKQHKLQ IHVW GLH 'RUIREHUHQ ZUGHQ LKQ DN]HSWLHUHQ PVVHQ RE HV LKQHQ QXQ JHILHO RGHU QLFKW (U JULQVWH YHUKDOWHQ VFKDOWHWH DQ GHU )HUQEHGLHQXQJ XQG GDQQ VFKDOOWH VHLQH 6WLPPH GXUFKGULQJHQGDXVGHU)HOGPHPEUDQHGHU6RQGH ³6FKZHLJWMHW]WXQGK|UWPLU]XKLHUVSULFKW)UDPGHU%RWHGHU*|WWHU0DUJ KDW UHFKW NHLQHU YRQ HXFK LVW HV ZHUW GD LFK VHLQHP 'RUI GHQ 9RU]XJ JHEHQ NDQQ XQG GHVKDOE YHU]LFKWH LFK GDUDXI PLU GXUFK HXFK HLQ +DXV HUULFKWHQ ]X ODVVHQ ,FK ZHUGH GDV VHOEVW WXQ XQG ]ZDU ]XQlFKVW LQ MHQHP 'RUI GHVVHQ 2EHUHUELVMHW]WQRFKNHLQHQGHUDQGHUHQJHVFKPlKWVRQGHUQNOXJJHVFKZLHJHQ KDW ,KQIRUGHUHLFKDXIVHLQHQ1DPHQ]XQHQQHQXQGVHLQHQ+HLPDWRUW $OOHDFKW0lQQHUKDWWHQVLFKEHLPODXWHQ.ODQJGHU6WLPPHGLHDXVGHP1LFKWV ]X NRPPHQ VFKLHQ IXUFKWVDP ]X %RGHQ JHZRUIHQ XQG GLH *HVLFKWHU LQ GHQ $UPHQ YHUERUJHQ 6FKOLHOLFK HUKRE VLFK MHGRFK GHU $QJHVSURFKHQH ]|JHUQG ZLHGHUDXIGLH.QLH ³,FKKHLH6WHUVDJWHHUVWRFNHQG³PHLQ'RUILVWMHQHVGDVGHP+HLOLJWXP]XU UHFKWHQ+DQGDPQlFKVWHQLVW(VHKUWPLFKGDGHLQH:DKOGDUDXIJHIDOOHQLVW DEHU ZLU N|QQHQ GLU QLFKW YLHO DQELHWHQ *|WWHUERWH 8QVHUH 0lQQHU VLQG PHLVW QXU+RO]IlOOHUXQGREZRKOVLHKDUWDUEHLWHQ ³'DV VSLHOW NHLQH 5ROOH ILHO )UDP LKP LQV :RUW ³HV EOHLEW EHL GHP ZDV LFK JHVDJW KDEH 'HQ DQGHUHQ 2EHUHQ UDWH LFK GULQJHQG LQ VLFK ]X JHKHQ XQG 0lLJXQJ]XEHQ1lFKVWHV-DKUZHUGHLFKLQHLQDQGHUHV'RUINRPPHQGDV PLUZUGLJGDIUHUVFKHLQWHVOLHJWDQHXFKZHOFKHVGDVVHLQZLUG7DVKXQG 0DUJHXFKGDQNHLFKIUHXHU%HPKHQLP6LQQGHU*|WWHU]XZLUNHQZDFKW ZHLWHUKLQJXWEHUGDV+HLOLJWXPXQGGHQ6FKODIHQGHQ*RWWGDULQ (U NDSSWH GLH 6SUHFKSKDVH EHREDFKWHWH MHGRFK ZHLWHU 'LH ]XYRU VR JURVSXULJHQ'RUIREHUHQZDUHQQXQVLFKWOLFKJHNQLFNWGRFKLKUH0LHQHQVDJWHQ %RUXQJHQXJ=ZHLIHOORVGDFKWHMHGHUVFKRQDQGDVNRPPHQGH-DKUXQGGDUDQ ZLH HU GHQ *|WWHUERWHQ DXI VHLQH 6HLWH ]LHKHQ NRQQWH GLH DOWH 5LYDOLWlW ZUGH DOVRZRKOGRFKEOHLEHQ ³6LH KDEHQ NOXJ XQG JHUHFKW HQWVFKLHGHQ 6LU VDJWH 0RULW] DOV HU GLH 6RQGH
]XUFNKROWH ³'RFK VLH VLQG HEHQ DXFK QXU 0HQVFKHQ GHQHQ GLH ZDKUH /RJLN IHKOW DOVR ZLUG HV ZRKO KLQ XQG ZLHGHU GRFK QRFK 6FKZLHULJNHLWHQ PLW LKQHQ JHEHQ ³'DQQ ODVVH LFK GHQ =RUQ GHU *|WWHU EHU VLH NRPPHQ JULQVWH )UDP XQG ZLQNWH DE ³8QG MHW]W DQ GLH $UEHLW ZLU KDEHQ QRFK YLHO ]X WXQ 1DFK GHP YLHOHQ :HLQ XQG GHP ODQJHQ 5FNPDUVFK ZHUGHQ GLH /HXWH KHXWH QDFKW EHVRQGHUVJXWVFKODIHQXQGZHQQVLHPRUJHQHUZDFKHQZLUGPHLQ=HOWGLUHNW YRULKUHQ1DVHQVWHKHQ 7HUUDQLD&LW\ ³'U+D\GXND"*XWVLHVROOKHUHLQNRPPHQVDJWH5HJLQDOG%XOOXQGQDKPGLH %HLQH YRP 6FKUHLEWLVFK (U EHJUWH GLH 6HNWLRQVOHLWHULQ XQG IUDJWH PLW HLQHP %OLFNDXIGLH)ROLHLQLKUHU+DQG³1DFKULFKWYRQ,KUHP:XQGHUNQDEHQ:HUD" 'LH3ROLQOlFKHOWHOHLFKW³$EJHVHKHQGDYRQGDGLHVHU.QDEHLPPHUKLQVFKRQ IQI]LJLVW²MD6LU(UKDWGHU6HNWLRQEHUGHQ5HODLVVDWHOOLWHQGHQGLH(; LP /XUXS6\VWHP ]XUFNJHODVVHQ KDW HLQHQ 5DIIHUVSUXFK ]XNRPPHQ ODVVHQ+LHUKDEHLFKGHQ7H[WLFKQDKPDQGDHU6LHLQWHUHVVLHUHQZUGHXQG GHU5RKUSRVWZROOWHLFKLKQYRUVLFKWVKDOEHUQLFKWEHUJHEHQ %XOO\ QDKP GDV %ODWW HQWJHJHQ XQG ODV HV DXIPHUNVDP GXUFK ³6HKU NQDSS WURW]GHPDEHULQIRUPDWLYXQGSUl]LVH²LFKZROOWHXQVHUH%URKHLQLVN|QQWHQ GDVDXFKXUWHLOWHHUGDQQ³'LHVDOOHVNOLQJWIUGHQ$QIDQJQLFKWVFKOHFKWLFK GHQNH GD GLHVHU %RUXQ VFKRQ ]XUHFKWNRPPHQ ZLUG hEHU ]ZHLWDXVHQG 0HQVFKHQ KP LP 1RUPDOIDOO N|QQWH GHU 3ODQHW RKQH ZHLWHUHV LQV 6RODUH ,PSHULXPDXIJHQRPPHQZHUGHQ'HU*DODNWLVFKH*HULFKWVKRIZUGHLKP6WDWXV ,9]XELOOLJHQGDVHUVFKHLQWPLUVLFKHU ³'DVZUGH'DEULIDXQG(UWUXVZHQLJJHIDOOHQ6LUZDQGWH:HUDHLQXQGGHU 0DUVFKDOOVHXI]WH³,KU:LGHUVSUXFKNlPHVR]XVDJHQPLWhEHUOLFKWVLHZUGHQ GXUFK DOOH ,QVWDQ]HQ JHKHQ XQG GLH )ROJH ZlUH HLQ HQGORVHV 7DX]LHKHQ DXI .RVWHQGHU3ULPLWLYHQ6RZHLWNRPPWHVMDQLFKWZHLO$WODQVHLQHHLJHQHQ3OlQH KDW DEHU PLW LKUHU 5XKH ZLUG HV WURW]GHP EDOG YRUEHL VHLQ 8QG ZHQQ PDQ EHGHQNWGDVLHMHW]WQRFKHLQHQXUDOWHQ5RERWDOV*RWWDQVHKHQ (LQ*HUlXVFKXQWHUEUDFKLKQXQG'U+D\GXNDHUVFKUDN0LWWHQLP5DXPZDU DXV GHP 1LFKWV SO|W]OLFK HLQH *HVWDOW DXIJHWDXFKW QXU PHWHUJUR PLW HLQHP URWEUDXQHQ 3HO] HLQHP SODWWHQ %LEHUVFKZDQ] XQG JURHQ UXQGHQ 2KUHQ EHU GHP SILIILJHQ 0DXVJHVLFKW *XFN\ GHU 0DXVELEHU XQG $OOURXQGPXWDQW KLHOW QLFKWVYRQXQQW]HQ)RUPDOLWlWHQXQGVRZDUHUHLQIDFKLQV%URWHOHSRUWLHUW (U ]HLJWH JULQVHQG VHLQHQ HLQ]LJHQ 1DJH]DKQ DEHU QLFKW IU ODQJH GHQQ %XOO\ IXKU LKQ DQ ³9HUGDPPW ZDV IlOOW GLU HLJHQWOLFK HLQ" 0LFK NDQQVW GX GDPLW MD QLFKW PHKU YHUEOIIHQ DEHU :HUD KDVW GX IDVW ]X 7RGH HUVFKUHFNW GX 0LFN\PDXV (QWVFKXOGLJH GLFK VRIRUW EHL LKU VRQVW VLQG ZLU DP OlQJVWHQ )UHXQGHJHZHVHQ (V ZDU RKQHKLQ HLQH VHOWVDPH )UHXQGVFKDIW GLH GLHVH EHLGHQ DOWHQ *HIlKUWHQ 5KRGDQVYHUEDQG=XPLQGHVWIU$XHQVWHKHQGHGHQQVLHVWULWWHQVLFKEHLIDVW
MHGHU*HOHJHQKHLWGRFKLP(UQVWIDOOKLHOWHQVLHHLVHUQ]XVDPPHQ%HLGHZDUHQ VLFK LP &KDUDNWHU ]LHPOLFK lKQOLFK GRFK LP *HJHQVDW] ]XP 6RODUPDUVFKDOO VFKR*XFN\VFKRQPDOEHUV=LHOKLQDXV1XQVDKHUVHLQHQ)HKOHUHLQXQGOLH GLH2KUHQKlQJHQ ³7XWPLUZLUNOLFKOHLG'U+D\GXNDSLHSVWHHU³0LUODJQLFKWVIHUQHUDOV6LH ]XlQJVWLJHQPHLQJURHV(KUHQZRUWGDUDXI 1XQ VFKPXQ]HOWH %XOO YHUVWRKOHQ GHQQ HU NDQQWH GDV 'HU .OHLQH YHUVWDQG HV PHLVWHUKDIW VHLQHP *HVLFKW HLQHQ XQVFKXOGLJHQ XQG WUHXKHU]LJHQ $XVGUXFN ]X JHEHQ XQG GDV ZLUNWH DXFK MHW]W :HUD +D\GXND KDWWH VLFK ZLHGHU JHIDW XQG QLFNWHLKPOlFKHOQG]X ³$QJHQRPPHQ*XFN\LFKJODXEHHVGLU2ND\6LUGDQQJHKHLFKMHW]WZLHGHU PHKU KDEH LFK QLFKW IU 6LH ,FK PHOGH PLFKZLHGHUVREDOGHVLQGLHVHU6DFKH HWZDV1HXHVJLEW 6LHYHUOLHGHQ5DXPXQGGHU0DXVELEHUQDKPLKUHQ6HVVHOHLQQXQDEHUPLW HUQVWHU 0LHQH ³'X KDVW ZLHGHU HLQPDO JHGDQNOLFK VSLRQLHUW NQXUUWH %XOO\ XQJQlGLJXQG*XFN\KREDEZHKUHQGEHLGH+lQGH ³'X VROOVW GDV QLFKW LPPHU VR HQJ VHKHQ SURWHVWLHUWH HU PLW ZHKOHLGLJHP $XVGUXFN³hEHUDOOLQGHU0LOFKVWUDHLVWGHU7HXIHOORVGDVZHLLFKGLUHNWYRQ 3HUU\ LFK ZDU HEHQ EHL LKP :HQQ LFK DEHU PHLQH +LOIH DQELHWH KHLW HV SURPSW LP $XJHQEOLFN JlEH HV NHLQH SDVVHQGHQ $XIJDEHQ IU PLFK XQG GDV IUXVWULHUW PLFK HEHQ 0HLQ *DUWHQ ODVWHW PLFK LQ NHLQHU :HLVH DXV REZRKO LFK QHEHQGHQ0RKUHQXQG6DODWMHW]WDXFKQRFK6SDUJHOXQG(UGEHHUHQ]FKWHHV ZlFKVWDOOHVYRQVHOEVW8QGGDLFKVFKRQPDOKLHULQ,PSHULXP$OSKDZDUKDEH LFKNXU]QDFKGLUJHHVSHUWXQGGDPLWKDWWHLFKDXFKGLH+D\GXNDDQGHU/HLQH ³1RFKOlQJVWNHLQ*UXQGKLHUVRHLQIDFKKHUHLQ]XSODW]HQNDPHVYRQ5HJLQDOG %XOOGRFKHVNODQJVFKRQYLHOZHQLJHUVWUHQJ'HU0DXVELEHUNDQQWHGDVVHLQ 1DJH]DKQHUVFKLHQZLHGHUXQGHUIUDJWHSURYR]LHUHQG³:HVKDOEKDVWGXGLHVHQ 0LQLPXWDQWHQQDFK/XUXS,,JHVFKLFNWDQVWDWWDQPLFK]XGHQNHQ"6FKOLHOLFK ZHLWGXGRFKZLHJXWLFKELQHLQIDFKGDV$OOURXQGJHQLH ³'X KDVW GHQ 5HWWHU GHV 8QLYHUVXPV YHUJHVVHQ *XFN\ VS|WWHOWH %XOO\ VIILVDQW ³'RFK JDQ] LP (UQVW IU GLHVHQ (LQVDW] ZDUVW GX HLQIDFK QLFKW JHHLJQHW .OHLQHU 'LH /HXWH DXI /XUXS VLQG LQV 6WHLQ]HLWDOWHU ]XUFNJHIDOOHQ HLQ 0HQVFK DOV DQJHEOLFKHU %RWH LKUHU *|WWHU ZDU GDV K|FKVWH ZDV PDQ LKQHQ ]XPXWHQNRQQWH)UDP%RUXQNDQQ]ZDUQXUEHVFKUlQNW*HGDQNHQOHVHQEHVLW]W GD]XDEHUDXFKQRFKK\SQRVXJJHVWLYH*DEHQXQGVLHKWDXHUGHPDXFKDXVZLH VLH 'HLQ $QEOLFN GDJHJHQ KlWWH GLHVH :LOGHQ JHQDXVR HUVFKUHFNW ZLH YRUKLQ :HUD+D\GXNDXQGGDPLWZlUHDOOHVJHZDOWLJLQGLH+RVHJHJDQJHQ6LHKVWGX GDVHLQ" ³0XLFKZRKODEXQG]XKDVWGXDXFKHLQPDOUHFKWJDE*XFN\NOHLQODXW]X ³2ND\ GDQQ KDEH LFK DOVR ZLHGHU PDO 3HFK JHKDEW PHLQH 7DOHQWH VLQG LP 0RPHQW HEHQ QLFKW JHIUDJW )DOOV DEHU DXI GLHVHP 1LHPDQGVSODQHWHQ HWZDV VFKLHIJHKHQ VROOWH ZHQGH GLFK QXU YHUWUDXHQVYROO DQ PLFK LFK KROH VlPWOLFKH bSIHODXVGHP)HXHU ³(UVWHQVKHLWHV.DVWDQLHQNRUULJLHUWH%XOO³XQG]ZHLWHQVNDQQVWGXGDVHKU
ODQJHZDUWHQ'DVLVWQlPOLFKHLQ/DQJ]HLWSODQLQGHQQlFKVWHQSDDU-DKUHQWXW VLFKGDQRFKQLFKWVGHQNHLFK *XFN\VFKQDXIWHHQWWlXVFKWXQGWHOHSRUWLHUWHGDQQ]XP*RVKXQ6HH]XUFN'HU 0DUVFKDOOJULQVWHNXU]EHUIORJGLH)ROLHQRFKHLQPDOXQGVFKREVLHXQWHUHLQHQ $EWDVWHUGHULKUH'DWHQDXIQDKPXQGDQGHQ$UFKLYFRPSXWHUZHLWHUJDE'DPLW ZDUGHU)DOOIULKQHUOHGLJWDOOHVZHLWHUHZDU6DFKHYRQ'U+D\GXND :LHGHUHLQPDOGU|KQWHQGLH7URPPHOQGXUFKGDV7DOXQGULHIHQVHLQH%HZRKQHU ]XP =XJ ]X GHP +HLOLJWXP DXI 6LH ZHFNWHQ DXI )UDP %RUXQ HU ULFKWHWH VLFK DXI XQG VFKDOWHWH GLH NOHLQH 1DFKWODPSH HLQ/\DGDJHJHQVFKOLHIZHLWHULKUHQ NOHLQHQ6RKQLP$UP)UDPEHWUDFKWHWHEHLGHOLHEHYROOXQGQLFKWRKQH6WRO] (U ZDU HLQ 0DQQ LQ GHQ EHVWHQ -DKUHQ XQG GLH 3ULPLWLYHQ KDWWHQ QLFKWV GDEHL JHIXQGHQGDVLFKGHU*|WWHUERWHHLQHGHU,KUHQ]XU*HIlKUWLQJHQRPPHQKDWWH 6LH ZDUHQ DOOHV DQGHUH DOV SUGH XQG ]ZHL GHU 2EHUHQ KDWWHQ LKP LKUH KHLUDWVIlKLJHQ 7|FKWHU QDWUOLFK QLFKW RKQH JHZLVVH +LQWHUJHGDQNHQ ² DQJHERWHQ 'RFK GHU +DOEPXWDQW KDWWH GLHVH JHVHKHQ GDUDXIKLQ K|IOLFK DEJHOHKQWXQGVHLQHHLJHQH:DKOJHWURIIHQ 6LH ZDU DXI /\D JHIDOOHQ GLH LKP LP HUVWHQ 'RUI VR]XVDJHQ DOV 3XW]IUDX ]XU 9HUIJXQJJHVWHOOWZRUGHQZDU7URW]LKUHUHUVW-DKUHZDUVLHEHUHLWV:LWZH LKU 0DQQ ZDU HLQ KDOEHV -DKU YRU )UDPV $QNXQIW YRQ HLQHP JHIlOOWHQ %DXP HUVFKODJHQZRUGHQ'DVLHNHLQH.LQGHUKDWWHKDWWHVLHVHLQ+DXVUlXPHQXQGLQ HLQH DOWH +WWH ]LHKHQ PVVHQ RKQH $XVVLFKW ZLHGHU HLQHQ QHXHQ )UHLHU ]X ILQGHQ 'DV ZDU LP 7DO VR %UDXFK :LWZHQ JDOWHQ DOV WDEX XQG PXWHQ GDYRQ OHEHQGDVLH$UEHLWHQYHUULFKWHWHQGLHVRQVWQLHPDQGWXQZROOWH %RUXQ KDWWH GLHVHV 7DEX GXUFKEURFKHQ XQG GDV PLW YROOHU $EVLFKW /\D ZDU NHLQHEHVRQGHUH6FK|QKHLWDEHUJXWJHZDFKVHQXQGNOJHUDOVYLHOHDQGHUHVLH KDWWHLKPYRQ$QIDQJDQJHIDOOHQXQGHULKUDXFKXQGHUKDWWHVHLQH:DKOQRFK NHLQHQ $XJHQEOLFN EHUHXW 'DPLW KDWWH HU ]XJOHLFK HLQHQ 3Ul]HGHQ]IDOO JHVFKDIIHQLQ)RUWVHW]XQJGHUHUVWHQHLQJHOHLWHWHQ5HIRUPHQ 6HLWHLQLJHQ7DJHQVWDQGVHLQ=HOWQXQLPGULWWHQ'RUIGLHVPDODXIGHUDQGHUHQ 7DOVHLWH 6HLW VHLQHU $QNXQIW DXI /XUXS ,, ZDUHQ QXQ VFKRQ ]ZHL -DKUH YHUJDQJHQXQGGHQYRULJHQ7DJGHU*|WWHUKDWWH)UDPQXUDOVVWLOOHU%HREDFKWHU PLWHUOHEW ,Q GLHVHP -DKU ZDU HV DQGHUV XQG GDV DXV ]ZHL YHUVFKLHGHQHQ *UQGHQ =XPHLQHQKDWWHQLKQGLH+WHUGHV+HLOLJWXPVDXIJHIRUGHUWDQLKUHU6WHOOHGLH .OHLQNLQGHU DXI GLH ³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lFKHOWHLKQDQXQG
QLFNWH'DQQOHJWHVLHGHQ-XQJHQDQLKUH%UXVWHUEHJDQQ]XWULQNHQRKQH]X HUZDFKHQXQGGHU0DQQJLQJLQGHQNOHLQHQ1HEHQUDXPXPGDV)UKVWFN]X EHUHLWHQ 'RUW IXQNWLRQLHUWH GLH 6SHLVHDXWRPDWLN QRFK LPPHU VLH ZXUGH ]ZDU PLW GHQ *UXQGVWRIIHQ GHV 3ODQHWHQ EHVFKLFNW YHUHGHOWH GLHVH DEHU QDFK LKUHP 3URJUDPP 6HOEVW HLQ GXUFKDXV VFKPDFNKDIWHU .DIIHH NDP GDEHL ]XVWDQGH IU )UDPGHUOHW]WH*HQXQDFKLUGLVFKHU$UWGHQQ=LJDUHWWHQZDUHQQXUQRFKHLQH IHUQH(ULQQHUXQJ 7URW]GHPOlFKHOWHHUVWLOOYRUVLFKKLQDOVHUGDUDQGDFKWHZDVLKPGLHVHU7DJ QRFKEULQJHQVROOWH(UZXWHHWZDVYRQGHPVHOEVW/\DQRFKQLFKWVDKQWHGRFK XP VR JU|HU ZUGH LKUH )UHXGH VHLQ ZHQQ VLH HV HUIXKU ,KUH )UHXGH XQG GLH hEHUUDVFKXQJDOOHUDQGHUHQYRUDOOHPGHU'RUIREHUHQ (U KDWWH VLFK LKUHP 9RON VRZHLW ZLH P|JOLFK YHUEXQGHQ XQG GDEHL HLQ JHJHQVHLWLJHV *HEHQ XQG 1HKPHQ YRUDXVJHVHW]W 'LHV ZDU MHGRFK QXU VHKU EHGLQJW GHU )DOO JHZHVHQ GHU +DOEPXWDQW ZDU IDVW LPPHU QXU GHU JHEHQGH 3DUWQHU 1DFK VHLQHQ 3OlQHQ ZDUHQ QDFK XQG QDFK GLH SULPLWLYHQ +WWHQ LQ VWDELOH +lXVHU YHUZDQGHOW ZRUGHQ ]ZDU QDFK ZLH YRU DXV +RO] DEHU ZHLW EHVVHU DEJHGLFKWHW'HU5HJHQNDPQLFKWPHKUGXUFKVLHZDUHQLP6RPPHUNKOHUXQG LP :LQWHU ZlUPHU OHW]WHUHV GXUFK GHQ %DX YRQ .DPLQHQ VWDWW GHU RIIHQHQ 5DXFKIlQJH EHU GHQ /HKP|IHQ $XFK ZDUHQ GLH )HQVWHU MHW]W QLFKW PHKU PLW %DVWPDWWHQ YHUKlQJW VLH EHVDHQ QXQ *ODVVFKHLEHQ GLH QLFKW QXU LVROLHUWHQ VRQGHUQDXFK/LFKWKHUHLQOLHHQ'DV+DQGZHUNGHU*ODVHUZDUQHXHQWVWDQGHQ DEHUHUVWQDFKKHIWLJHP6WUlXEHQGHU2EHUHQGHUHQ7|FKWHU)UDP/\DVZHJHQ YHUVFKPlKWKDWWH 6LH SUREWHQ GHQ $XIVWDQG JHJHQ HLQHQ *|WWHUERWHQ GHU LKQHQ HLQHUVHLWV GLH 0DFKWEHVFKQLWWDQGHUHUVHLWVDEHUYLHO]XPHQVFKOLFKOHEWHXQGKDQGHOWH)UDP KDWWHVLHPLWWHOVVHLQHU*DEH³EHUUHGHWXQGGLH1DWXUGHV3ODQHWHQKDWWHLKP QDFKWUlJOLFKUHFKWJHJHEHQ'HUOHW]WH:LQWHUZDUXQJHZ|KQOLFKVWUHQJJHZHVHQ XQGKlWWHXQWHUGHQDOWHQ9HUKlOWQLVVHQ]ZHLIHOORV0HQVFKHQOHEHQJHNRVWHWXQG VHLWKHUVWHOOWHVLFKQLHPDQGPHKUJHJHQLKQ 'LH-lJHUEHNDPHQQHXH3IHLOVSLW]HQXQGGLH+RO]IlOOHUZLHGHUULFKWLJHHLVHUQH b[WH QDFKGHP VLH VLFK HLQ -DKUKXQGHUW ODQJ PLW 6WHLQZHUN]HXJHQ KDWWHQ EHKHOIHQPVVHQ:HQQGLH*HOHJHQKHLWJQVWLJZDUIORJHUQDFKWVKHLPOLFK]XU 63$&( 6:$//2: ZR 0RULW] DOO MHQH 'LQJH DQIHUWLJWH GLH LP 6FKLII QLFKW YRUKDQGHQZDUHQ'DVNRVWHWH]ZDU(QHUJLHGLHVSlWHULUJHQGZRIHKOHQPRFKWH GRFK%RUXQKLHOWQLFKWVYRQKDOEHQ6DFKHQ 2GHUOHLWHWHLKQHLQEHVRQGHUHU,QVWLQNWIU*HIDKUHQ"(VVFKLHQIDVWVRGHQQLQ GLHVHP )UKMDKU ZDUHQ GLH ³OHEHQGHQ 6WHLQH VRQVW DXVJHVSURFKHQH (LQ]HOJlQJHU JHUDGH]X LQ 0DVVHQ DXIJHWUHWHQ 6LH KDWWHQ QLFKW QXU GDV 9LHK VRQGHUQDXFKGLH0HQVFKHQDQJHIDOOHQXQGLKUHPDVVLYHQ3DQ]HUZDUHQPLWGHQ DOWHQ 6WHLQEHLOHQ NDXP ]X GXUFKVFKODJHQ 0LWWHOV GHU QHXHQ :HUN]HXJH ZXUGH PDQLKUHU+HUUXQGQXQJDOWGHU+DOEPXWDQWVFKRQVHOEVWIDVWDOV*RWW $OOGLHVJLQJLKPQXQIOFKWLJGXUFKGHQ.RSIELVGDV)UKVWFNIHUWLJZDU'HU
NOHLQH5H[KDWWHVLFKLQ]ZLVFKHQVDWWJHWUXQNHQQXQDHQDXFKVHLQH(OWHUQXQG PDFKWHQVLFKPDUVFKEHUHLW'LH7URPPHOQZDUHQLQ]ZLVFKHQYHUVWXPPWXQGGLH HUVWHQ7UXSSVVFKRQXQWHUZHJV,QOHW]WHU=HLWKDWWH)UDPPHLVW³HLQKHLPLVFKH .OHLGXQJJHWUDJHQDQGLHVHP)HVWWDJOHJWHHUMHGRFKZLHGHUVHLQH.RPELQDWLRQ DQ 'DVZHLWH$UHDOYRUGHP+HLOLJWXPKDWWHVLFKJHIOOWPDQZDUWHWHQXUQRFKDXI GLH*UXSSHQDXVGHQZHLWHUHQWIHUQWHQ'|UIHUQ0DUJXQG7DVKVWDQGHQYRUGHP +HLOLJWXP %RUXQ JLQJ PLW /\D XQG 5H[ ]X LKQHQ YRU XQG ZXUGH VRZRKO DFKWXQJVYROOZLHDXFKIUHXGLJEHJUW ³'HLQ 5DW GDV )HVW GHU *|WWHU XP GUHL 7DJH ]X YHUVFKLHEHQ ZDU WDWVlFKOLFK ULFKWLJ *|WWHUERWH VDJWH 7DVK EHHLQGUXFNW ³'HU 5HJHQ KlWWH XQV YLHO ]X VFKDIIHQ JHPDFKW DEHU HU KDW DXIJHK|UW ZLH GX HV YRUDXVJHVDJW KDVW :LU PVVHQGLUHUQHXWGDQNHQZLHVFKRQVRYLHOH0DOH]XYRU ³6FKRQ JXW +WHU PHLQWH )UDP JOHLFKPWLJ QXU VHLQH 0XQGZLQNHO ]XFNWHQ IU HLQHQ $XJHQEOLFN :DV GLHVH /HXWH IU HLQ KDOEHV :XQGHU KLHOWHQ ZDU OHGLJOLFKDXIHLQNOHLQHV%DURPHWHU]XUFN]XIKUHQGDVHULQ$UW'LOORQV.DELQH HQWGHFNWXQGPLWJHQRPPHQKDWWH'RFKHVKDWWHLKPVFKRQ|IWHUVJXWH'LHQVWH JHOHLVWHWYRUDOOHPZHQQHVXP$XVVDDWRGHU(UQWHDXIGHQ)HOGHUQJLQJ (U SODXGHUWH QRFK HLQH :HLOH PLW GHQ +WHUQ EHU 'LQJH GHV $OOWDJV VLH EH]RJHQ/\DZLHVHOEVWYHUVWlQGOLFKPLWLQV*HVSUlFKHLQXQGEHZXQGHUWHQLKUHQ 6RKQ 'DQQ ZDU GLH 6FKDU GHU *HUXIHQHQ YROO]lKOLJ 7DVK WUDW YRU VLH KLQ XQG GDVEOLFKH=HUHPRQLHOOEHJDQQ'LHVPDOJDEHVNHLQH3DQQH%RUXQKDOIEHLP $XI]LHKHQGHV9RUKDQJVXQGVDKVLFKGHQ³6FKODIHQGHQ*RWWHLQPDOHLQJHKHQG DQ 0D[ ZDU VFKRQ VHLQHU]HLW QLFKW PHKU QHX JHZHVHQ XQG GLH YLHOHQ -DKU]HKQWH KDWWHQ LKP ZHLWHU ]X VFKDIIHQ JHPDFKW =ZDU ZDUHQ GLH 6SDOWH ]ZLVFKHQ GHQ KRFKJHVWHOOWHQ $JUDY3ODWWIRUPHQ GXUFK HLQH 0LVFKXQJ YRQ /HKP XQG 5HLVLJ DXVJHIOOW ZRUGHQ DEHU GDV KDWWH QLFKW YLHO JHQXW]W )HXFKWLJNHLW XQG +LW]H KDWWHQWURW]GHP=XJDQJJHKDEWGLH3ODVWLNYHUNOHLGXQJZDUJUDXJHZRUGHQXQG ZLHVYLHOH5LVVHDXI1XUGLH0HWDOOWHLOHZDUHQQRFKXQYHUVHKUWVLHEOLW]WHQLP 6FKHLQ GHU 6RQQH GHQQ GLH +WHU KDWWHQ GHV JURHQ 7DJHV ZHJHQ VRUJIlOWLJ DOOHQ6WDXEHQWIHUQW 7URW]GHP HUVFKLHQ HV )UDP IUDJOLFK RE GHU 5RERWHU ZLUNOLFK QRFK HLQPDO ]X DNWLYLHUHQ ZDU 6LFKHU VHLQ 3*HKLUQ ZDU JHJHQ DOOH lXHUHQ (LQIOVVH JHVFKW]WHVZUGHDOVRQRFKIXQNWLRQLHUHQZHQQ0D[HLQHQHXH(QHUJLH]HOOH EHNDP 'LH YLHOHQ 5HODLV XQG YRU DOOHP GLH PHFKDQLVFKHQ 7HLOH VHLQHV %HZHJXQJVDSSDUDWV KDWWHQ DEHU EHVWLPPW JHOLWWHQ XQG ZDUHQ R[\GLHUW :LH VROOWHGHU5RERWHUDOVRZLHGHUDXVVHLQHP³6FKODIHUZDFKHQVREDOGGLH*|WWHU NDPHQZHQQHUQLFKW]XYRUUHSDULHUWZRUGHQZDU" 'LHVZDUHLQHHFKWH3UHLVIUDJHIUGLHHVNHLQH/|VXQJJDE=ZDUZlUHHVGHP +DOEPXWDQWHQ EHVWLPPW JHOXQJHQ 0D[ XQDXIIlOOLJ LQ GLH 6:$//2: ]X VFKDIIHQGRFKGDVKlWWHQLFKWVJHEUDFKWZHLOHVGRUWNHLQHSDVVHQGHQ(UVDW]WHLOH JDE $OV HLQ]LJH JDQJEDUH /|VXQJ ERW VLFK DQ 0RULW] LQV +HLOLJWXP HLQ]XVFKPXJJHOQ GLH 7DOEHZRKQHU ZUGHQ GLHVHQ 7DXVFK EHVWLPPW QLFKW
EHPHUNHQGHQQEHLGH5RERWHUZDUHQlXHUOLFKYROONRPPHQJOHLFK 'RFKGLHVH)UDJHZDUOlQJVWQRFKQLFKWDNXW)UDPYHUGUlQJWHVLHDOVRXQGIDWH /\D DP $UP ³'X PXW MHW]W ZLHGHU ]X GHQ DQGHUHQ JHKHQ GLH 3UIXQJ GHU .LQGHU DXI GLH µJURH *DEH VWHKW GLFKW EHYRU 0DFK HLQIDFK DOOHV VR ZLH GLH DQGHUHQ0WWHUXQGVW|UHGLFKQLFKWGDUDQZDVZHLWHUJHVFKLHKW 6HLQH *HIlKUWLQ QLFNWH OlFKHOQG XQG HQWIHUQWH VLFK GHU +DOEPXWDQW EOLHE DEZDUWHQGEHLGHQ+WHUQVWHKHQGHQQHUPXWHQRFKZDUWHQ'HU5LWXVVFKULHE YRU GD DOOH 6lXJOLQJH LQ PHKUHUHQ 5HLKHQ DXI GHQ %RGHQ JHOHJW ZXUGHQ VR GDDXHUGHQ0WWHUQQLHPDQGZXWHZHPVLHJHK|UWHQ'LHJU|HUHQ.LQGHU ZXUGHQ YRQ MXQJHQ 0lGFKHQ DXI GHQ $UP JHQRPPHQ GLH DEHU MHZHLOV DXV DQGHUHQ '|UIHUQ NDPHQ XQG VR EOLHE DXFK KLHU GLH $QRQ\PLWlW JHZDKUW :DV GLH,QLWLDWRUHQGLHVHU3UREHVLFKGDEHLHLQVWJHGDFKWKDEHQPRFKWHQZXWHMHW]W QLHPDQGPHKUDXFK)UDP%RUXQNRQQWHHVQXUYHUPXWHQZHQQDXFKPLWHLQHP KRKHQ:DKUVFKHLQOLFKNHLWVJUDG 7DVK JDE LKP HLQ =HLFKHQ HU VHW]WH VLFK LQ %HZHJXQJ XQG VFKULWW ]XHUVW GLH 5HLKH GHU lOWHUHQ .LQGHU DE $E XQG ]X EOLHE HU VWHKHQ ZHQQ HU GLH $XUD ODWHQWHU3DUDJDEHQVSUWHGRFKNHLQHZDUVWDUNJHQXJIUHLQHQ'XUFKEUXFKGHU $NWLYLWlW'LH%OLFNHYRQPHKUDOVWDXVHQG0HQVFKHQIROJWHQLKPZLHJHEDQQW XQG SO|W]OLFK ILHO HV LKP DXI GD HV GHQ GXUFKGULQJHQGHQ .|USHUJHUXFK QLFKW PHKUJDEGHUEHLPHUVWHQPDOVHLQH1DVHEHOHLGLJWKDWWH'LH6HLIHGLH0RULW] ³NRPSRQLHUWKDWWHZXUGHQXQDOOJHPHLQEHQXW]WXQGZLUNWHDXFK 'DQQJLQJHUZHLWHUXQGNDPQXQ]XGHQHWZD]ZHLKXQGHUWNOHLQHQ.LQGHUQ(LQ 7HLO GDYRQ VFKOLHI UXKLJ DQGHUH ZDUHQ ZDFK NUlKWHQ RGHU ZHLQWHQ XQG VWUDPSHOWHQ HLIULJ )U HLQHQ $XHQVWHKHQGHQ VDKHQ VLH MHGRFK IDVW JOHLFK DXV GLH 6lXJOLQJVJHVLFKWHU ZDUHQ QRFK XQIHUWLJ XQG QXU GHQ MHZHLOLJHQ 0WWHUQ YHUWUDXW =ZHL5HLKHQGLHVHUNOHLQHQ:HVHQXQGDXFKXQWHULKQHQZDUHQVFKRQ]XZHLOHQ ODWHQWH0XWDQWHQ'DVZDUDXIIDOOHQGYLHOIUHLQVRNOHLQHV9RONGLH(UEPDVVH GHU HLQVWLJHQ $EHQWHXUHU VFKLHQ LQ GLHVHU +LQVLFKW UHFKW JXW JHZHVHQ ]X VHLQ 9LHOOHLFKW HUZXFKVHQ GDUDXV HLQVW HFKWH 7DOHQWH GRFK VRZHLW ZLUG HV QLH NRPPHQ ZHQQ HV QDFK $WODQV 3OlQHQ JHKWO GDFKWH )UDP PLW HKUOLFKHP %HGDXHUQ 0DQ ZLUG VLH YRQ /XUXS ZHJEULQJHQ ZHQQ LFK GDV YHUDEUHGHWH 6LJQDO JHEH DEUXSW DXV LKUHU JHZRKQWHQ 8PJHEXQJ UHLHQ XQG GLHVHU 6FKRFN ZLUGVHLQH)ROJHQKDEHQ 6DFK]ZlQJH QDQQWH PDQ VR HWZDV GLH ,QWHUHVVHQ HLQHV ,PSHULXPV KDWWHQ VWHWV 9RUUDQJ JHJHQEHU LQGLYLGXHOOHQ 6FKLFNVDOHQ /DQJVDP JLQJ HU ZHLWHU ELV HU HLQH $XUD VSUWH GLH VLFK DXIIDOOHQG YRQ DOOHQ DQGHUHQ XQWHUVFKLHG (U EOLHE VWHKHQ VFKOR GLH $XJHQ XQG OHJWH EHLGH +lQGH DQ VHLQH 6FKOlIHQ XQG QDFK ODQJHQ 6HNXQGHQ HUNOlUWH HU PLW ODXWHU 6WLPPH ³'LHVHV .LQG KDW GLH JURH *DEHO 'DV ZDU HLQH HFKWH 6HQVDWLRQ GDV KDWWH HV QRFK QLH ]XYRU JHJHEHQ $EUXSW HUVWDUE GDV *HPXUPHO YLHOHU 6WLPPHQ GLH 0HQVFKHQ IXKUHQ KRFK XQG VWDUUWHQ ZLH JHEDQQW ]X LKP KLQEHU 'LH EHLGHQ +WHU ZDUHQ NDXP ZHQLJHU YHUEOIIW GRFK VLH YHUJDHQ QXQ LKUH :UGH UDQQWHQ ORV XQG VWDUUWHQ GHQ 6lXJOLQJ
XQJOlXELJDQ)UDP%RUXQKDWWHLQGHVVHQGLH$XJHQZLHGHUJH|IIQHWHUQLFNWH LKQHQ]XXQGJLQJZHLWHU 1RFKHLQH5HLKHXQGGDULQZLHGHU]ZHL/DWHQWHXQGGDQQGLHOHW]WH*UXSSH'LH 6RQQH ZDU K|KHU JHVWLHJHQ GLH +LW]H PDFKWH GHQ 6lXJOLQJHQ ]X VFKDIIHQ VLH ZHLQWHQ XQG VFKULHQ QDFK LKUHQ 0WWHUQ )UDP EHHLOWH VLFK XP VLH P|JOLFKVW VFKQHOO]XHUO|VHQGRFKGDQQKLHOWHUSO|W]OLFKZLHGHUDQXQGVFKORGLH$XJHQ 'DPLWKDWWHHUQXQZLUNOLFKQLFKWJHUHFKQHWDEHUGLH$XUDVSUDQJLKQI|UPOLFK DQXQGVRYHUNQGHWHHUHUQHXW³$XFKGLHVHV.LQGKDWGLH*DEH (LQH GRSSHOWH 6HQVDWLRQ DOVR QXQ KLHOW HV GLH 0HQVFKHQ QLFKW PHKU DXI LKUHQ 3OlW]HQ6LHGUlQJWHQKHUDQXPGLHVHHUVWHQYRQGHQ*|WWHUQJHVHJQHWHQ.LQGHU ]XVHKHQGRFK7DVKVWHOOWHVLFKLKQHQPLWKRFKHUKREHQHQ$UPHQHQWJHJHQ(U VWLPPWHHLQHQODXWHQ/REJHVDQJDQGLH0DVVHVWRSSWHLKUHQ$QVWXUPXQGVDQN LQGLH.QLH'DVJDEGHQEHLGHQ0WWHUQ=HLW]XLKUHQ.LQGHUYRU]XGULQJHQXQG VLHDXI]XQHKPHQ²XQGGLHHUVWHGDYRQZDU/\D ³,VW HV ZLUNOLFK ZDKU" VWDPPHOWH VLH XQG ZDUI VLFK JHJHQ GLH %UXVW LKUHV *HIlKUWHQ)UDPVFKORGLH$UPHXPVLHXQG5H[XQGUDXQWHOHLVH³(VLVWZDKU PHLQ 0lGFKHQ ,FK KDEH HV VFKRQ VHLW HLQLJHU =HLW JHZXW GRFK LFK PXWH VFKZHLJHQELVGHU7DJGHU*|WWHUJHNRPPHQZDU5H[KDWGLHJOHLFKH*DEHZLH LFKZDVHVGDPLWDXIVLFKKDWZHUGHLFKGLUQRFKHUNOlUHQ'DHVDEHUQRFKHLQ ]ZHLWHV.LQGJLEWGDVLKPJOHLFKNRPPWKDEHLFKQLFKWHLQPDODKQHQN|QQHQ ZHUP|JHQVHLQH(OWHUQZRKOVHLQ" 'LHVH)UDJHZDUDEHULQGHVVHQVFKRQJHNOlUW 'DV EHWUHIIHQGH .LQG ZDU HLQ 0lGFKHQ HUVW GUHL 0RQDWH DOW (V VWDPPWH DXV HLQHPGHUNOHLQHUHQ'|UIHUGHUOLQNHQ7DOVHLWHVHLQ9DWHUZDUHLQ-lJHUQDPHQV 5H\Q VHLQH 0XWWHU KLH (OPD XQG EHLGH ZDUHQ QRFK QLH LUJHQGZLH KHUYRUJHWUHWHQ 'DV lQGHUWH VLFK QXQ DEHU VFKODJDUWLJ GLH NOHLQH ,UVD VWDQG SO|W]OLFKLP0LWWHOSXQNWGHU$XIPHUNVDPNHLW 'D GHU 6RKQ GHV *|WWHUERWHQ HLQH EHVRQGHUH *DEH EHVD ZXUGH IDVW DOV VHOEVWYHUVWlQGOLFKDQHUNDQQW'DDEHUDXFKHLQ.LQGGHV/XUXS9RONHVPLWLKP DXI JOHLFKHU 6WXIH VWDQG HUUHJWH GLH 0HQVFKHQ ZHLW PHKU ² GLHVHV 0lGFKHQ PXWHHUVWUHFKWHLQ/LHEOLQJGHUJXWHQ*|WWHUVHLQ 'DVVDJWHDXFK0DUJDOVVLFKGLH(UUHJXQJZLHGHUJHOHJWKDWWHXQGGLH%UDWHQ EHU GHQ )HXHUQ VFKPRUWHQ )UDP %RUXQ ]XFNWH PLW GHQ 6FKXOWHUQ XQG JDE GLSORPDWLVFK]XUFN³'LH:HJHGHU*|WWHUKDEHQLKUHHLJHQHQ%DKQHQLFKELQ QXU LKU %RWH XQG NHQQH VLH QLFKW 'D VLH HLQ .LQG DXV GHP /XUXS7DO GHP PHLQHQ JOHLFKJHVWHOOW KDEHQ NDQQ HEHQVRJXW $EVLFKW ZLH DXFK =XIDOO VHLQ :DUWHQZLUDOVRDEHLQHV7DJHVZHUGHQZLUPHKUZLVVHQ ³'DV NDQQ DEHU QRFK VHKU ODQJH GDXHUQ EHPHUNWH 7DVK EHGDXHUQG XQG GDQQ IUDJWHHU³.DQQVWGXXQVQLFKWHQGOLFKHLQPDOHWZDVEHUGHLQH+HUNXQIWEHULFK WHQ)UDP²VRIHUQHVGLH*|WWHUGLUQLFKWYHUERWHQKDEHQ" -DZHVKDOEHLJHQWOLFKQLFKW"EHUOHJWHGHU6SH]LDOLVW (LQPDOPXLFKMDGHQ$QIDQJPDFKHQZHQQGLH/HXWHLQDEVHKEDUHU=HLWGHQ 3ODQHWHQ YHUODVVHQ VROOHQ XQG ZHQQ VLH MHW]W YRQ VHOEVW ]X IUDJHQ EHJLQQHQ +HXWHHLQHNOHLQH'RVLVGHPQlFKVWZLHGHUHLQHXQGVRZLHLFKGLH+WHUNHQQH
ZLUG DOOHV VFKQHOO LP 7DO GLH 5XQGH PDFKHQ *XW GDQQ EULQJH LFK LKQHQ ]XQlFKVWHLQPDOEHLGDHVQRFKPHKU3ODQHWHQZLH/XUXSJLEW 7HUUDQLD&LW\ 'LH /DJH ZDU VFKOHFKW GDV :HWWHU ZDU VFKOHFKW GHU 0RQVXQUHJHQ WURPPHOWH VHLW7DJHQKHUXQWHUXQGGHPHQWVSUDFKDXFK5HJLQDOG%XOOV/DXQH6LHZXUGH QRFK VFKOHFKWHU DOV HU QDFK GHQ ZHQLJHQ 6FKULWWHQ YRP *OHLWHU ]XP (LQJDQJ VHLQHV%XQJDORZVEHUHLWVWURSIQDZDUXQGHUIOXFKWHOHLVHYRUVLFKKLQ 5DVFK]RJHUGULQQHQGLHQDVVHQ6DFKHQDXVJLQJGHU(LQIDFKKHLWKDOEHUJOHLFK QRFK XQWHU GLH 'XVFKH XQG OHJWH GDQQ OHJHUH +DXVNOHLGXQJ DQ (LQ 6FRWFK ZlUPWH LKQ YRQ LQQHQ GD]X QRFK HLQH =LJDUUH XQG QXQ VDK GLH :HOW VFKRQ ZLHGHUHWZDVIUHXQGOLFKHUDXV%XOO\EHUOHJWHNXU]JLQJGDQQLQGLH.FKHXQG SURJUDPPLHUWHGRUWGLH$XWRPDWLN ³1DFKHLQHPVRPLHVHQ7DJKDEHLFKHLQJXWHV(VVHQYHUGLHQWEUXPPWHHUYRU VLFK KLQ ³+HXWH HLQPDO IUDQ]|VLVFK (QWH PLW 2UDQJH DXI 1DQWHVHU $UW DOV 9RUVSHLVHHLQHQ.UDEEHQFRFNWDLOPLW6KHUU\XQG]XP1DFKWLVFKGDQQ :HLWHU NDP HU QLFKW GHQQ JHUDGH LQ GLHVHP 0RPHQW VFKULOOWH GHU :HFNHU GHV ,QWHUNRPVDXI'DGHU$QUXIQLFKWEHUGDVQRUPDOH9LGHRNDPEHZLHVGDHU YRQ ,PSHULXP $OSKD DXVJLQJ XQG GDV PLQGHUWH GLH /DXQH GHV 0DUVFKDOOV DXJHQEOLFNOLFKZLHGHU]XP7LHISXQNWKHUDE ³9HUGDPPW MHW]W DXFK QRFK GDV 'D VLW]W PDQ GHQ JDQ]HQ 7DJ LP %UR XQG NDXP LVW PDQ QDFK 'LHQVWVFKOX LQ VHLQHQ YLHU :lQGHQ VW|UW HLQHQ VFKRQ ZLHGHULUJHQGHLQ,GLRWODXWHWHVHLQJHUHL]WHU.RPPHQWDU'RFKGDPLWKDWWHHU VLFK VFKRQ DEUHDJLHUW XQG HU ZXWH GD LKQ QLHPDQG RKQH WULIWLJHQ *UXQG VW|UHQZUGH7URW]GHPEOLHEVHLQH0LHQHGVWHUXQGKHOOWHVLFKQXUZHQLJDXI DOV LKP JOHLFK GDUDXI YRP %LOGVFKLUP GDV *HVLFKW HLQHU MXQJHQ )UDX HQWJHJHQVDK ³/HXWQDQW %L[E\ DXV GHU (;+\SHUIXQN]HQWUDOH 6LU :LU KDEHQ YRU HLQHU 6WXQGH HLQHQ $OSKD5DIIHUVSUXFK YRP 3ODQHWHQ /XUXS HUKDOWHQ GHU IU GLH 6HNWLRQ ([WUDVRODUH 3V\FKRORJLH EHVWLPPW LVW N|QQHQ LKQ MHGRFK QLFKW ZHLWHUOHLWHQ'DV%URGHU6HNWLRQLVWXPGLHVH=HLWQLFKWPHKUEHVHW]WXQGGLH /HLWHULQ 'U +D\GXND ZHLOW GHU 5RERWDXVNXQIW QDFK JDU QLFKW DXI GHU (UGH ,Q]ZLVFKHQKDEHLFKYHUVXFKWLKQDQGHUVZRORV]XZHUGHQGRFKNHLQH$EWHLOXQJ ZHLHWZDVGDPLWDQ]XIDQJHQ'DHVVLFKDEHUXPHLQHQ$OSKD6SUXFKKDQGHOW NDQQLFKLKQQLFKWHLQIDFKOLHJHQODVVHQGHVKDOEGDFKWHLFK ³$OOHVDXIGHQ%XFNHOGHV&KHIVGHULVWMDEUHLWJHQXJJDE%XOO\PLYHUJQJW ]XUFN ³2ND\ LP *UXQGH KDEHQ 6LH MD UHFKW XQG QXQ VLQG 6LH HLQPDO LQ GHU /HLWXQJ DOVR EHUVSLHOHQ 6LH PLU GHQ 7H[W 9LHOOHLFKW LVW HU ZLUNOLFK ZLFKWLJ ZHUZHL ³'DQNH 6LU 'LH MXQJH )UDX OlFKHOWH HUOHLFKWHUW GHU 'UXFNHU GHV ,QWHUNRPV EHJDQQ ]X VXPPHQ XQG VSXFNWH JOHLFK GDUDXI GLH )ROLH DXV 'DQQ EUDFK GLH 9HUELQGXQJ DE GHU 0DUVFKDOO QDKP GDV %ODWW XQG ODV GHQ 7H[W GDUDXI (U EHVWDQGQXUDXVHLQHPHLQ]LJHQ6DW]XQGGLHVHUODXWHWH
³'LH=HLWGHU*|WWHULVWJHNRPPHQ%RUXQ %XOOODVLKQPHKUPDOVXQGEHUOHJWHLQWHQVLYHLQHVWHLOH)DOWHVWDQGDXIVHLQHU 6WLUQ'DQQOLHHUVLFKLQHLQHQ6HVVHOIDOOHQXQGVFKWWHOWHDXVJLHELJGHQ.RSI ³$OSKDKLQRGHUKHUWURW]GHPLVWHV6FKZDFKVLQQPXUUWHHU³-HGHQIDOOVIU PLFK LFK ZHL DEVROXW QLFKWV GDPLW DQ]XIDQJHQ VLFKHU GDV PX HLQ 6FKOVVHOVDW] VHLQ DEHU LFK NHQQH ZHGHU LKQ QRFK GLHVHQ %RUXQ YRQ GHP HU NRPPW8QGGLHVHU3ODQHW3XPXFNRGHUZLHHUVRQVWKHLW ³/XUXS 'LFNHU NODQJ KLQWHU LKP HLQH KHOOH 6WLPPH DXI *XFN\ ZDU LQ GHP 5DXP PDWHULDOLVLHUW ZDWVFKHOWH QXQ XP GHQ 6HVVHO KHUXP XQG WLSSWH VLFK PLW HLQGHXWLJHU *HVWH DQ GLH 6FKOlIH ³0DQQ GHLQ *HGlFKWQLV OlW ZLUNOLFK VHKU QDFKGXVROOWHVWHVPDOPLWHLQHU*URGRVLV9LWDPLQ(DXIIULVFKHQ'DVLVWGRFK GLHVHU 3ODQHW LP 1LHPDQGVODQG QDFK GHP $WODQ VFKRQ ODQJH GLH =XQJH KHUDXVKlQJW HU KDW GRFK EHL GHU OHW]WHQ 6WDEVNRQIHUHQ] QRFK GDQDFK JHIUDJW +DVWGXGDVZLUNOLFKVFKRQYHUJHVVHQ" ³'XKDVWPLUJHUDGHQRFKJHIHKOW0LFN\PDXVNDPHVJLIWLJYRQ%XOO\³:LH RIWVROOLFKGLUHLJHQWOLFKQRFKVDJHQGDLFKDXFKHLQH,QWLPVSKlUHKDEHXQGGX QLFKWLQPHLQHQ*HGDQNHQKHUXP]XZKOHQKDVW"6FKHUGLFKVFKOHXQLJVWZLHGHU KLQDXVVRQVWVLQGZLUGLHOlQJVWH=HLW1DFKEDUQJHZHVHQ 'HU0DXVELEHU]HLJWHHUKHLWHUWVHLQHQ1DJH]DKQ ³,PPHUGLHVHOHHUHQ9HUVSUHFKXQJHQGX]LHKVWMDGRFKQLFKWDXV,PEULJHQ ZDULFKJDUQLFKWDXI,QWLPLWlWHQDXVLFKZROOWHQXUZLVVHQRELFKQDFKKHU]X GLUUEHUNRPPHQN|QQWHZHLOEHLGHP6DXZHWWHUVRQVWGRFKQLFKWVDQ]XIDQJHQ LVW8QGGDZDUVWGXJHUDGHPLWGHU.OHLQHQYRP+\SHUIXQNGUDQXQGKLQWHUKHU ZROOWHEHLGLUGHU6ROLSDUWRXWQLFKWIDOOHQ'DPXWHLFKHLQIDFKHLQKDNHQXP ]XYHUKLQGHUQGDVLFKHLQ)UHXQGXQVWHUEOLFKEODPLHUW ³:LHNRPPVWGXDXIGLHYHUZHJHQH,GHHLFKN|QQWHGHLQ)UHXQGVHLQ"IUDJWH %XOO\VSLW]GRFKGDQQZLQNWHHUDEXQGJULQVWHNXU]³2ND\ODVVHQZLUGDVMHW]W 'X ELVW QXQ HLQPDO KLHU DOVR NDQQVW GX PLU DXFK HUNOlUHQ ZDV HV PLW GLHVHP 3ODQHWHQDXIVLFKKDW,FKKDEHLQOHW]WHU=HLWVRYLHODXIGHP+DOVGDLFKPLU EHLPEHVWHQ:LOOHQQLFKWMHGH.OHLQLJNHLWPHUNHQNDQQ ³$OV*HJHQOHLVWXQJHLQHQ:KLVN\DEJHPDFKW" ³0HLQHWZHJHQ GX VFKDPORVHU (USUHVVHU VDJWH GHU 0DUVFKDOO PLW UHVLJQLHUWHU 0LHQH ³%HGLHQH GLFK DEHU JHIlOOLJVW VHOEVW HLQPDO ZLUVW GX GHLQH VSULFKZ|UWOLFKH)DXOKHLWZRKOEHUZLQGHQN|QQHQ8QGGDQQKHUDXVPLWGHLQHQ 1HXLJNHLWHQIDOOVVLHZLUNOLFKVRZLFKWLJVLQG *XFN\QLFNWHQDKPLP1DFKEDUVHVVHO3ODW]XQGJULIIWHOHNLQHWLVFK]X(LQ*ODV JOLWWDXVGHP6WlQGHU]XP%DUVFKUDQNZXUGHGRUWZLHYRQ*HLVWHUKDQGJHIOOW XQG VFKZHEWH GDQQ ELV GLFKW YRU VHLQHQ 0XQG 'HU 0DXVELEHU JULII ]X QDKP HLQHQ6FKOXFNXQGUROOWHJHQLHHULVFKPLWGHQ$XJHQ'DQQEHJDQQHUPLWGHQ (UNOlUXQJHQ XQG VFKOR ³$XI ]ZHL :HOWHQ GLHVHU 5HJLRQ KDW GLH 862 EHUHLWV PLW GHP $XIEDX GHU *HKHLPVWW]SXQNWH EHJRQQHQ ]ZHL ZHLWHUH IROJHQ GHPQlFKVW 1XU LQ GHU 0LWWH NODIIW HLQH /FNH LQ GLHVHU .HWWH XQG NDQQ HUVW JHVFKORVVHQZHUGHQZHQQGLH+DOEZLOGHQYRQ/XUXSHYDNXLHUWZRUGHQVLQG ³6WLPPW MHW]W ZHL LFK DOOHV ZLHGHU VDJWH %XOO\ ³'LH +D\GXND KDW GLHVHQ
%RUXQYRUPHKUDOVIQI-DKUHQORVJHVFKLFNWDOVRLVWHVNHLQ:XQGHUGDHVEHL PLU HLQH :LVVHQVOFNH JDE $OOHV VFK|Q XQG JXW QXU LVW GLHVH 'DPH LP $XJHQEOLFNQLFKWJUHLIEDUDOVRZHUGHLFKGRFKVHOEVWDOOHVZHLWHUHYHUDQODVVHQ PVVHQ *XW GDQQ UXIH LFK MHW]W $WODQ DQ XQG YHUNQGH LKP GLH IURKH %RWVFKDIW ³'X KDVW VFKRQ ZLHGHU 3HFK PHLQ /LHEHU ZDUI HU 0DXVELEHU HLQ ³'HU $UNRQLGHLVWJHVWHUQQDFK2O\PSJHIORJHQXQGNRPPWHUVWLQHWZDIQI7DJHQ ]XUFN'LH6DFKHLVWQRFKJHKHLPHUDOVJHKHLPHLQ)XQNVSUXFKLVWGDHLQIDFK QLFKWGULQ 'HU0DUVFKDOOQLFNWHJHGDQNHQYROO ³+HXWH VFKHLQW ZLUNOLFK QLFKW PHLQ *OFNVWDJ ]X VHLQ DEHU HWZDV PX VFKOLHOLFKJHVFKHKHQ'LHVH6DFKHIlOOWMHGRFKQLFKWPHKULQPHLQ5HVVRUWPLW GHU (QWVHQGXQJ )UDP %RUXQV KDEHQ ZLU GHU 862 QXU +LOIHVWHOOXQJ JHOHLVWHW (LQHJOWLJH(QWVFKHLGXQJNDQQDEHUQXU3HUU\VHOEVWWUHIIHQHUKDWGDV6DJHQ VRODQJH$WODQQLFKWGLUHNWJUHLIEDULVW(ULVWDEHUQRFKZHLWPHKULP6WUHDOV ZLU DOOH XQG DXI HLQHQ KDOEHQ 7DJ NRPPW HV QDFK HWOLFKHQ -DKUHQ ZRKO DXFK QLFKW PHKU DQ ,FK ZHUGH LKQ PRUJHQ IUK XQWHUULFKWHQ GDQQ NDQQ HU DOOHV 1|WLJHLQGLH:HJHOHLWHQ8QGMHW]WUXIHLFKLQGHU.FKHHQGOLFKPHLQH(QWH QDQWDLVHDE²ZLOOVWGXPLWPLUHVVHQ" ³:RIUKlOWVWGXPLFK"SLHSVWH*XFN\HPS|UW³'XZHLWGRFKGDLFKVWULNWHU 9HJHWDULHU ELQ KPP GLH (UGEHHUHQ PLW 6DKQH ]XP 1DFKWLVFK N|QQWHQ PLFK DEHU GRFK UHL]HQ 5XI PLFK ZHQQ GX VRZHLW ELVW LFK NLSSH LQ]ZLVFKHQ QRFK HLQHQ:KLVN\RND\" ³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lKH 6HLQHEHLGHQ6FKZHVWHUQQXQYLHUXQG]ZHL-DKUHDOWEHVDHQGDJHJHQNHLQHUOHL EHVRQGHUH)lKLJNHLWHQ:HVKDOEZXWH)UDP%RUXQQLFKWGRFKHUZDUWURW]GHP GDPLW JDQ] ]XIULHGHQ ,KP UHLFKWH HV YROODXI HLQHQ 6RKQ ]X KDEHQ GHVVHQ :LVVHQVGXUVWNDXP]XVWLOOHQZDU ³'DVLVWVFKZHU]XVDJHQ6RKQJDEHUQXQ]XUFN³'UDXHQLP:HOWDOOJHKW HV DOOHV DQGHUH DOV IULHGOLFK ]X LFK KDEH NHLQH $KQXQJ ZDV VLFK GRUW LQ GHQ OHW]WHQ -DKUHQ JHWDQ KDW 9LHOOHLFKW PVVHQ GLH 7HUUDQHU HUVW HLQHQ JQVWLJHQ =HLWSXQNWDEZDUWHQHKHVLHXQVDEKROHQN|QQHQ (U NRQQWH PLW 5H[ ZLH PLW HLQHP ]LYLOLVLHUWHQ (UZDFKVHQHQ UHGHQ RKQH DOOH 8PVFKUHLEXQJHQ 'D HU VHLQHQ *HLVW QLFKW DEEORFNHQ NRQQWH ZLH HLQ HFKWHU 0XWDQW KDWWH GHU -XQJH LKP DOOHV :LVVHQ HQWQRPPHQ XQG HUVWDXQOLFKHUZHLVH
DXFK ORJLVFK YHUDUEHLWHW 0LW GHP 0lGFKHQ GDV HEHQIDOOV GLH *DEH EHVD YHUKLHOWHVVLFKJUXQGOHJHQGDQGHUV 6LUD ZDU 7HOHSDWKLQ GRFK VLH YHUVWDQG HV QLFKW LKUH )lKLJNHLW NRQ]HQWULHUW HLQ]XVHW]HQVLHHUULHWGLH*HGDQNHQDQGHUHUPHKUDOVVLHZLUNOLFK]XHUIDVVHQ XQGJHJHQEHU)UDPXQG5H[YHUVDJWHVLHJDQ]9HUPXWOLFKZUGHEHLLKUGHU 'XUFKEUXFK HUVW VSlWHU NRPPHQ QDFK GHU 3XEHUWlW GRFK GHP +DOEPXWDQWHQ ZDU GDV QXU UHFKW =XYLHO :LVVHQ ZlUH LQ LKUHP )DOO HKHU VFKlGOLFK JHZHVHQ XQG XQEHGDFKWHV $XVSODXGHUQ KlWWH VHLQH 7DNWLN GHU ³NOHLQHQ 6FKULWWH EHWUlFKWOLFKEHKLQGHUWRGHUJDUXQP|JOLFKJHPDFKW 6R DEHU KDWWHQ GLH 7DOEHZRKQHU LPPHU QXU VRYLHO HUIDKUHQ ZLH VLH JHLVWLJ YHUDUEHLWHQ NRQQWHQ XQG VSlWHU ZLHGHU HWZDV PHKU -HW]W ZXWHQ VLH GD HV DXFK DXI YLHOHQ DQGHUHQ :HOWHQ 0HQVFKHQ XQG DQGHUH GHQNHQGH :HVHQ JDE XQG GD LKUH 9RUIDKUHQ HLQVW YRQ GRUW GUDXHQ JHNRPPHQ ZDUHQ 9LHO PHKU DEHUDXFKQLFKWGHQ*ODXEHQDQLKUHYHUPHLQWOLFKHQ*|WWHUKDWWH)UDPLKQHQJH ODVVHQ ZHQQ DXFK QXU PLW 8QEHKDJHQ (U ZDU VFKOLHOLFK GLH 9RUDXVVHW]XQJ GDIU GD VLH VLFK EHUHLW ]HLJHQ ZUGHQ /XUXS ]X YHUODVVHQ ZHQQ GHU 6FKODIHQGH*RWW³HUZDFKWHXQGGLHVH$XIIRUGHUXQJDQVLHHUJLQJ6HOEVWVHLQH )UDX/\DZDULQGLHVHU+LQVLFKWQRFKDKQXQJVORVREZRKOVLHLQ]ZLVFKHQPLWGHU 7HFKQLNXP]XJHKHQJHOHUQWKDWWHGLHHVLQ)UDP%RUXQV.OLPD]HOWJDE 5H[GDJHJHQZDUEHUDOOHVDXIJHNOlUWXQGKDWWH]XVDPPHQPLWGHP9DWHUDXFK VFKRQPHKUPDOVGLH63$&(6:$//2:DXIJHVXFKW'RUWZDFKWH0RULW]QDFK ZLHYRUXQG]ZLVFKHQLKPXQG5H[KDWWHVLFKVRHWZDVZLHHLQH)UHXQGVFKDIW HQWZLFNHOW'HU-XQJHZDUlXHUVWZLEHJLHULJRKQHDEHUDOWNOXJ]XZLUNHQXQG GHU5RERWEHDQWZRUWHWHJHGXOGLJVHLQH)UDJHQVRZHLWVHLQHLJHQHV:LVVHQJLQJ 1XQ KDUUWH HU YRU GHP MHW]W DXI 'DXHUHPSIDQJ JHVFKDOWHWHQ )XQNJHUlW DXI GLH 1DFKULFKWGDGLHHUZDUWHWHQ6FKLIIHYRQ7HUUDLP$QIOXJZDUHQ :HQQ GHU 6FKODIHQGH *RWW HUZDFKW ZHUGHQ GLH DQGHUHQ *|WWHU PLW LKUHQ VLOEHUJOlQ]HQGHQ)DKU]HXJHQ]XXQVKHUDENRPPHQKDWWH%RUXQGHQ+WHUQGHV +HLOLJWXPV XQWHU GHP 6LHJHO GHU 9HUVFKZLHJHQKHLW HUNOlUW 'DQQ ZHUGHQ VLH HXFK DQVHKHQ XQG SUIHQ RE GDV 9RON YRQ /XUXS ZUGLJ LVW PLW LKQHQ LQ LKU 5HLFK]XJHKHQ'LHVHU=HLWSXQNWLVWQDKHGDVIKOHLFK :LH HV XP GLH ³9HUVFKZLHJHQKHLW YRQ 7DVK XQG 0DUJ EHVWHOOW ZDU ZXWH HU OlQJVWDXFKRKQHLKUH*HGDQNHQ]XOHVHQ7DWVlFKOLFKZDUGLH.XQGHVFKRQDP ]ZHLWHQ7DJLPJDQ]HQ7DOYHUEUHLWHWZHQQVLFKDXFKGLH0HQVFKHQEHPKWHQ GDVQLFKW]X]HLJHQ9RQLKUHU6HLWHZDUHQMHGHQIDOOVNHLQH6FKZLHULJNHLWHQ]X HUZDUWHQ)UDPKDWWHVHLQH6DDWJDQ]LP6LQQVHLQHU$XIWUDJJHEHUDXVJHOHJW ³)OLHJHQZLUKHXWHQDFKWQRFKHLQPDO]XP6FKLII"ULLKQQXQGLH6WLPPHGHV -XQJHQ DXV VHLQHQ *HGDQNHQ 'HU +DOEPXWDQW ]XFNWH PLW GHQ 6FKXOWHUQ XQG EHUOHJWH ³1HLQHUVWPRUJHQHQWVFKLHGHUGDQQ³+HXWHPXLFKKLQEHU]XP+HLOLJWXP XP 0D[ VFKRQ HLQH (QHUJLH]HOOH HLQ]XVHW]HQ XQG ]X SUIHQ ZLH ZHLW HU QRFK IXQNWLRQVIlKLJ LVW )DOOV HU QLFKW PHKU ULFKWLJ VSXUW ZLH LFK EHIUFKWH PX 0RULW] VHLQH 6WHOOH HLQQHKPHQ DEHU HUVWLPOHW]WHQ0RPHQW1RWIDOOVKDOWHLFK GLH 6FKLIIH GDQQ KLQ ELV HV 1DFKW JHZRUGHQ LVW DP 7DJH NDQQ LFK QLFKWV
ULVNLHUHQ6HLWGLH+WHUZLVVHQGDGDV1DKHQGHU*|WWHUEHYRUVWHKWVLQGVLH GDXHUQGDXI$FKVHXP0D[DXI+RFKJODQ]]XSROLHUHQ ³*XWHQ0RUJHQ3HUU\VDJWH5HJLQDOG%XOOEHWRQWDXIJHUlXPWDOVHUGDV%UR GHV *URDGPLQLVWUDWRUV EHWUDW ³'X KDVW JXW JHVFKODIHQ KRIIH LFK XQG GDV :HWWHUEHVVHUWVLFKHQGOLFKDXFKZLHGHU+DVWGX]HKQ0LQXWHQ=HLWIUPLFK" 3HUU\5KRGDQVHXI]WHXPVHLQH$XJHQODJHQGXQNOH5LQJH ³,FK KDEH PLVHUDEHO JHVFKODIHQ GDPLW GX HV JHQDX ZHLW ZHLO JHVWHUQ DEHQG ZLHGHU QHXH +LREVERWVFKDIWHQ DXV GLYHUVHQ 7HLOHQ GHU 0LOFKVWUDH JHNRPPHQ VLQG +HXWH PRUJHQ VLHKW HV DXFK QLFKW EHVVHU DXV GDV KDEHQ PLU VFKRQ GLH HUVWHQ )ROLHQ KLHU JH]HLJW XQG ]X DOOHUQ hEHUIOX LVW $WODQ DXFK QRFK DXI 2O\PSREZRKOLFKLKQKLHUGULQJHQGEUDXFKHQZUGH'RFKQXQELVWGXHLQPDO GD ³(EHQ GHVKDOE ZHLO $WODQ QLFKW JUHLIEDU LVW ILHO %XOO\ LKP LQV :RUW ³(U KDW PLU GD LP -DKUH HLQH HWZDV KHLNOH 0LVVLRQ ]XJHVFKREHQ PHLQH /HXWH KDEHQVLHHUOHGLJWXQGDQVFKOLHHQGKDEHLFKHLQHQ6SH]LDOLVWHQQDFKJHVFKLFNW (LQUHLQHV*UHHQKRUQ]ZDUGRFKHUKDWVHLQH$XIJDEHDQVFKHLQHQGJXWJHO|VW ³6WRS $OWHU ZXUGH HU QXQ HEHQIDOOV XQWHUEURFKHQ ³9RQ GHLQHQ YHUODQJWHQ ]HKQ 0LQXWHQ LVW GLH HUVWH VFKRQ KHUXP XQG PHKU NDQQ LFK ZLUNOLFK QLFKW HUEULJHQ*LEPLUNODUH)DNWHQLQNXU]HQ:RUWHQ]XQlFKVWEHUGLHDOWH6DFKH XQGGDQQEHUGDVZDVMHW]WDQOLHJWXQGGDQQVHKHQZLUZHLWHU 'HU0DUVFKDOOYHU]RJGDV*HVLFKWGHQQVROFKH7|QHZDUHUYRQVHLQHP)UHXQG QLFKWJHZRKQWGRFKHUNDPGHP9HUODQJHQQDFK ³8QGQXQLVWJHVWHUQDEHQGGHU6SUXFKJHNRPPHQGDDXI/XUXS,,DOOHVVRZHLW NODU LVW IJWH HU KLQ]X ³,FK KDWWH GDV DOOHV OlQJVW YHUJHVVHQ DEHU *XFN\ KDW PLFKZLHGHUDXIGLH6SUQJHJHEUDFKW-HW]WZlUHHV$WODQV6DFKHDOOHVZHLWHUH ]X YHUDQODVVHQ GRFK GLHVHU 6FKOXPSI KlQJW EHL GHP 5RERWNDLVHU KHUXP XQG GHVKDOEPXWHLFKHEHQ]XGLUNRPPHQ 0RFKWH 5KRGDQ DXFK XQDXVJHVFKODIHQ VHLQ VHLQH OHJHQGlUHQ 5HIOH[H DOV ³6RIRUWXPVFKDOWHUJULIIHQWURW]GHPVRIRUW(UEHUOHJWHQXUNXU]GDQQQLFNWHHU VDFKOLFK ³'LHVH 6DFKH LP 1LHPDQGVODQG ]X 'DEULID DOVR /DQG LVW LQ GLHVHP )DOO ZRKO NHLQ VHKU JXWHU $XVGUXFN EOHLEHQ ZLU DEHU HLQPDO GDEHL +PPP GLHVHU 1RWUXIVHQGHUKDWDOVRUXQG-DKUHODQJJHDUEHLWHWXQGGLH'LVWDQ]]XXQVHUHQ *HJQHUQEHWUlJWHEHQVRYLHOH/LFKWMDKUHLVWGLUNODUZDVGDVEHGHXWHW%XOO\" ³9HUGDPPW MD VWLH GHU 6RODUPDUVFKDOO EHVWU]W DXV ³'LHVH %UGHU YRQ 1RUPRQ KDEHQ LKUH *UHQ]SODQHWHQ WRGVLFKHU PLW HLQHU 0HQJH YRQ $EK|UVWDWLRQHQJHVSLFNWGDPLWLKQHQQXUQLFKWVHQWJHKWZDVDXIXQVHUHU6HLWH SDVVLHUW1LHPDQGLVWPLWUDXLVFKHUDOVGLHVHHOHQGHQ'LNWDWRUHQXQGZHQQQXQ GHU1RWUXIHEHQIDOOVYRQLKUHQ/HXWHQDXIJHIDQJHQZRUGHQLVW ³:HUGHQ VLH VFKQHOOVWHQV 6FKLIIH QDFK GHP /XUXS6\VWHP VFKLFNHQ HUJlQ]WH 3HUU\ 5KRGDQ ODNRQLVFK ³1DWUOLFK DQJHEOLFK QXU XP GHQ HYHQWXHOOHQ 1DFKNRPPHQ GHU 6FKLIIEUFKLJHQ ]X KHOIHQ GRFK HV ZHUGHQ DXI MHGHQ )DOO .DPSIUDXPHUVHLQ9LHOOHLFKWVLQGGLHVHMHW]WVFKRQXQWHUZHJVZHQQZLULKQHQ
QRFK]XYRUNRPPHQZROOHQGUIHQZLUNHLQH6WXQGHPHKUYHUOLHUHQ ³8QG LFK KDEH HLQH JDQ]H 1DFKW YHUVWUHLFKHQ ODVVHQ ZHLO PLU GDV QLFKW JOHLFK NODUJHZRUGHQ LVW lUJHUWH VLFK %XOO\ ³,Q GLHVHP )DOO KDW HV DEHU ZHQLJ 6LQQ (;6FKLIIHGRUWKLQ]XHQWVHQGHQVLHVLQGYLHO]XVFKZDFKEHZDIIQHW3HUU\(V PWHQVFKRQYROOEHVWFNWH.UHX]HUGHU6RODUHQ)ORWWHVHLQGLH]XUFNVFKODJHQ N|QQHQ IDOOV 'DEULIDV 6FKHUJHQ GRUW EHUHLWV DXIJHWDXFKW VLQG 6FKOLHOLFK N|QQHQZLUEHZHLVHQGDGLH63$&(6:$//2:YRQGHU(UGHJHNRPPHQLVW VRGD/XUXS,,YRQ5HFKWVZHJHQHLQH:HOWGHV6RODUHQ,PSHULXPVLVW 5KRGDQOlFKHOWHGVWHUXQGEHPHUNWH ³*ODXEVWGXLP(UQVWGDUDQ'DEULIDV/HXWHZUGHQHUVWODQJHQDFK5HFKWRGHU 8QUHFKW IUDJHQ" :DV VLH HLQPDO KDEHQ GDV JHEHQ VLH DXFK QLFKW PHKU KHU VLH KDEHQ GLH PHLVWHQ 3ODQHWHQ LKUHV ,PSHULXPV QXU PLW EODQNHU *HZDOW DQ VLFK JHEUDFKW 7URW]GHP NDQQ LFK HV HLQIDFK QLFKW ULVNLHUHQ UHJXOlUH (LQKHLWHQ GHU 6RODUHQ )ORWWH HLQ SDDU WDXVHQG ]XUFNJHEOLHEHQHU 0HQVFKHQ ZHJHQ LQ GDV 6\VWHP]XVFKLFNHQ'DVJlEHGHP'LNWDWRUQXUHLQHQ9RUZDQGHLQUHLQORNDOHV *HIHFKW ]X HLQHP UHJHOUHFKWHQ .ULHJ KRFK]XVWLOLVLHUHQ 1RFK VWHKW VHLQH JHKHLPH $OOLDQ] PLW GHQ (QWUXVHUQ DXI ZDFNOLJHQ %HLQHQ GLH %HULFKWH GHU 6RO$E$JHQWHQ VSUHFKHQ YRQ .RPSHWHQ]VWUHLWLJNHLWHQ LQ EH]XJ DXI GHQ 2EHUEHIHKO+DWHVDEHUHUVWHLQPDOJHNUDFKWVWlUNWGDVVHLQH3RVLWLRQXQGGDV PXYHUKLQGHUWZHUGHQJDQ]NODU ³'DQQQLPPHEHQ6FKLIIHGHU862VFKOXJ%XOOYRU³'XKDVWGRFKLQGLHVHU +LQVLFKWGDV6DJHQVRODQJH$WODQZHJLVWQLFKWZDKU" ³'DVVFKRQDQGHU6DFKODJHlQGHUWGDVMHGRFKQLFKWVPHLQWH3HUU\UHVLJQLHUW ³6FKOLHOLFK ZHL GLH JDQ]H *DOD[LV OlQJVW GD GLH 862 HLQ $EOHJHU YRP VHOEHQ6WDPPLVWGDEHLVSULQJWDOVRDXFKNHLQ%OXPHQWRSIIUXQVKHUDXV8QG LQ GLHVHP KHLNOHQ )DOO PVVHQ ZLU $WODQV /HXWH XQEHGLQJW KHUDXVKDOWHQ GDPLW GDV*HKHLPSURMHNWQLFKWJHIlKUGHWZLUGGDVLVWVRQQHQNODU ³$OVR ZLHGHU HLQPDO NOHLQH %U|WFKHQ EDFNHQ XQG ZLH VROO GDV LP (QGHIIHNW DXVVHKHQ"IUDJWHGHU0DUVFKDOOXQG5KRGDQJULQVWHNXU] ³'D GX GHU %lFNHU VHLQ ZLUVW %XOO\ 1HLQ NHLQHQ :LGHUVSUXFK KLHU NRPPW ZLUNOLFK QXU GLH ([SORUHUIORWWH LQ )UDJH VLH LVW MD NHLQH PLOLWlULVFKH 2UJDQLVDWLRQ 6LHK ]X GD GX ]ZHL RGHU GUHL *URWUDQVSRUWHU ]XVDPPHQEHNRPPVW LQ GHQHQ DOOH /XUXSHU PLW LKUHU +DEH 3ODW] ILQGHQ XQG GDQQVFKOHXQLJVWQLFKWVZLHGRUWKLQ ³$PEHVWHQVFKRQYRUJHVWHUQZLH"PXUUWH5HJLQDOG%XOO³2ND\DQGHUVJHKW HVZRKOZLUNOLFKQLFKWXQGVRYLHOLFKZHLVLQGDXFKHLQSDDUSDVVHQGH6FKLIIH ]XU +DQG $XHUGHP ZHUGH LFK VHOEVW GHQ 7ULS PLWPDFKHQ XP VFKQHOOH (QWVFKHLGXQJHQWUHIIHQ]XN|QQHQIDOOVGLH/DJHLUJHQGZLHEUHQ]OLJZLUG 'HI)UHXQGQLFNWHXQGLPVHOEHQ0RPHQWWDXFKWHSO|W]OLFKGHU0DXVELEHULP %URDXI³8QGZREOHLEHLFKGDEHL"VFKULOOWHHUHPS|UWXQG]HLJWHVWUHLWOXVWLJ VHLQHQ1DJH]DKQ³6FKOLHOLFKKDEHLFKGLUHUVWQDFKKHOIHQPVVHQVRQVWN|QQWH %RUXQ QRFK VHKU ODQJH ZDUWHQ ELV HWZDV JHVFKLHKW 'LFNHU 'X ELVW PLU DOVR QRFKHWZDVVFKXOGLJGHVKDOEIOLHJHLFKHEHQIDOOVPLWNODUHU)DOO ³'DV KDW PLU JHUDGH QRFK JHIHKOW VHXI]WH %XOO\ ZHKOHLGLJ GRFK HU
ZLGHUVSUDFK *XFN\ QLFKW (U ZXWH DXV ODQJHU (UIDKUXQJ GD HU LQ VROFKHQ )lOOHQGRFKLPPHUGHQ.U]HUHQ]RJ (V ZDUHQ LQVJHVDPW YLHU 6FKLIIH GUHL GDYRQ YRP 7\S 6FKZHUHU .UHX]HU GHU 0HWHU.ODVVH DEHU QXU OHLFKW EHZDIIQHW XQG PLW HUKHEOLFK ZHQLJHU %HVDW]XQJ $XFK HLQ JURHU 7HLO GHU EOLFKHQ $XVUVWXQJ IHKOWH PHKU DOV GLH +lOIWHGHV9ROXPHQVQDKPHQJURH/DGHUlXPHHLQ'HUYLHUWH5DXPHUZDUGLH (;HLQ/HLFKWHU.UHX]HUXQWHUGHP.RPPDQGRYRQ0DMRU3KDQ'RQJHU IXQJLHUWHDOV/HLWVFKLIIXQGKDWWH%XOOXQG*XFN\DQ%RUG 'LH )ORWWLOOH JOLWW V\QFKURQ DXV GHP /LQHDUUDXP NQDSS HLQH KDOEH /LFKWVWXQGH REHUKDOE GHV 3ODQHWHQ /XUXS ,, $XJHQEOLFNOLFK OLHIHQ DOOH 2UWXQJHQ DQ XQG VXFKWHQGLH8PJHEXQJJUQGOLFKDEXQGDXFKGLH)XQNDQWHQQHQNUHLVWHQ(LQH 9LHUWHOVWXQGHVSlWHUVWDQGIHVWGDVLFKNHLQHDQGHUHQ6FKLIIHLQGLHVHP6HNWRU EHIDQGHQXQGGHU6WDDWVPDUVFKDOOQLFNWH]XIULHGHQ ³'HPQDFK VLQG ZLU DOVR QRFK UHFKW]HLWLJ JHNRPPHQ EHHLOHQ ZLU XQV QXQ GDV 9RUKDEHQ GXUFK]XIKUHQ 0DMRU YHUVWlQGLJHQ 6LH GLH DQGHUHQ 5DXPHU ZLU IOLHJHQGHQ3ODQHWHQ]XQlFKVWJHVFKORVVHQDQ6SlWHUVROOHQGLH7UDQVSRUWHUDXI :DUWHSRVLWLRQJHKHQXQVHU6FKLIIJHKWQlKHUKHUDQXQGQLPPW)XQNNRQWDNW]X GHP6SH]LDOLVWHQDXI(UPXGLH+DOEZLOGHQHUVWYRUEHUHLWHQ ³$\HD\H6LU (LQH9LHUWHOVWXQGHVSlWHUVWDQGGLH(;HLQHKDOEH0LOOLRQ.LORPHWHUEHU /XUXS ,, XQG %XOO ZROOWH GHQ %HIHKO JHEHQ )UDP %RUXQ DQ]XUXIHQ 'HU 0DXVELEHUNDPLKPMHGRFK]XYRUHUKDWWHELVGDKLQPLWJHVFKORVVHQHQ$XJHQLQ HLQHP.RQWXUVLW]JHKRFNW ³6SDU GLU GLH $QVWUHQJXQJ %XOO\ LP $XJHQEOLFN NRPPW GDEHL GRFK QLFKWV KHUDXV,QGHP7DOGDVGLHVH/HXWHEHZRKQHQKHUUVFKWMHW]WJHUDGH1DFKWIDVW DOOH OLHJHQ LQ LKUHQ 0DWWHQ 6LH MHW]W DXI]XVFKHXFKHQ ZlUH VFKOLFKW ZLW]ORV 8QVHU 0DQQ GDJHJHQ LVW KHOOZDFK LFK HPSIDQJH VHLQH *HGDQNHQ VLHK DQ HU KDW )UDX XQG GUHL .LQGHU 'LH KDW HU K\SQRWLVFK HLQJHVFKOlIHUW XQG QXQ LVW HU XQWHUZHJV]XGHPDOWHQ6FKLIILQGHPHLQ5RERWHU:DFKHKlOW ³'RUW N|QQHQ ZLU LKQ GRFK EHU )XQN HUUHLFKHQ ZR VLHKVW GX GHQQ GD HLQ 3UREOHP"IUDJWH%XOODEHU*XFN\ZLQNWHDE ³(UKDWQXUQRFKVHLQHQNOHLQHQ+\SHUVHQGHUGLH%DWWHULHQIUGHQ1RUPDOIXQN VLQGHUVFK|SIW$UEHLWHQZLUMHW]WDEHUPLW+)XQNLVWGLH$EK|UJHIDKU]XJUR 5LFKWVWUDKOLVWEHLVHLQHP*HUlWQLFKWGULQ$XHUGHPODVVHQVLFKGLH'LQJHGRFK SHUV|QOLFKYLHOEHVVHUEHVSUHFKHQLFKWHOHSRUWLHUH]XLKPKLQXQWHUXQGEHVRUJH GDV ³$FWLRQVFKWLJH 0LFN\PDXV NRPPHQWLHUWH GHU 0DUVFKDOO OHLVH GDPLW HV GLH DQGHUHQQLFKWK|UWHQGRFKGDQQQLFNWHHU³2ND\LFKZLOOGLFKQLFKWDXIKDOWHQ YLHOOHLFKW LVW HV VR ZLUNOLFK EHVVHU ,FK KRIIH QXU GD LKQ GHLQ SO|W]OLFKHV $XIWDXFKHQQLFKWJDU]XVHKUHUVFKUHFNW *XFN\JULQVWHVHLQ1DJH]DKQHUVFKLHQLQYROOHU*U|H ³1XU NHLQH 6RUJH VFKOLHOLFK EHNRPPW HU MD QXU PLFK ]X VHKHQ GLFK GDJHJHQ QLFKW ,VW VRQVW QRFK HWZDV" $OVR QLFKW GDQQ JHEH LFK LKP MHW]W HLQHQ NXU]HQ
0HQWDOLPSXOV HU DOV +DOEPXWDQW NDQQ LKQ HPSIDQJHQ XQG ZHL GDQQ JOHLFK %HVFKHLG 8QG LKU KLHU SDW LQ GHU =ZLVFKHQ]HLW JXW DXI IU GHQ )DOO GD GLH E|VHQ'DEULID/HXWHNRPPHQNODU" (U NRQ]HQWULHUWH VLFK NXU] QLFNWH GDQQ ]XIULHGHQ XQG JOHLFK GDUDXI ZDU GHU .RQWXUVLW] OHHU 'LH =HQWUDOEHVDW]XQJ HUOHEWH VR HWZDV ]XP HUVWHQPDO GLH 0lQQHUXQG)UDXHQK|UWHQQXUHLQOHLVHV³3ORSSXQGVWDUUWHQYHUEOIIWDXIGHQ 6HVVHO 'D ZDU GHU ,OW DEHU VFKRQ XQWHQ DXI /XUXS HU PDWHULDOLVLHUWH LQ GHU RIIHQHQ6FKOHXVHGHU63$&(6:$//2:XQGHUZDUWHWHGRUWVHLQHQ0DQQ )UDP %RUXQ PDFKWH VLFK HUQVWOLFKH 6RUJHQ 1XQ ZDUHQ VFKRQ IDVW GUHL 7DJH YHUJDQJHQ VHLW HU GHQ 5DIIHUVSUXFK DEJHVWUDKOW KDWWH XQG QRFK LPPHU JDE HV NHLQH5HDNWLRQGDUDXI'DEHLKDWWH:HUD+D\GXNDLKPVHLQHU]HLWYHUVLFKHUWGD DOOHVVHKUVFKQHOOJHKHQZUGHGDPLWGLH$XIPHUNVDPNHLWGHU'DEULIDQHUQLFKW XQQW]HUUHJWZXUGH(UKDWWHPLWQXUHLQHP7DJJHUHFKQHWDEHUQXQ ³0DFK GLU NHLQHQ .XPPHU =LUNXVPDQQ NODQJ LQ VHLQHP +LUQ HLQH WHOHSDWKLVFKH 6WLPPH DXI )UDP VFKUDN ]XVDPPHQ GHQQ GDUDXI ZDU HU QLFKW JHIDWYHUULGLH6WHXHUXQJVHLQHV)OXJJHUlWVXQGZlUHEHLQDKHDEJHVWU]W(LQH IUHPGH.UDIWJULIIQDFKLKPVHLQ)OXJVWDELOLVLHUWHVLFKZLHGHUXQGQXQKDWWHHU EHJULIIHQ 'LH 7HUUDQHU ZDUHQ EHUHLWV GD 0HKU QRFK PLW LKQHQ PXWH DXFK HLQ IlKLJHU 0XWDQW JHNRPPHQ VHLQ GHU VHLQH *HGDQNHQ JHOHVHQ KDWWHXQG QXQ PLW LKP LQ 9HUELQGXQJ JHWUHWHQ ZDU (LQ 6FKLII ZDU MHGRFK QLFKW JHODQGHW GDV KlWWH HU XQEHGLQJW EHPHUNW YLHOOHLFKW DEHU HLQH NOHLQH ³5DXPOLQVH LKU ,QVDVVH EHIDQG VLFKQXQZRKOEHLGHU6:$//2:XQGHUZDUWHWHLKQGRUW ³1LFKW VFKOHFKW NRPELQLHUW *|WWHUERWH QXU KDDUVFKDUI DQ GHQ 7DWVDFKHQ YRUEHL0DQQSDEHVVHUDXIHEHQKlWWHVWGXEHLQDKHHLQHQ%DXPJHNW,FK VHKHLP'XQNHOQDXFKQLFKWEHVVHUDOVGXXQGGXVROOWHVWGDV*HOlQGHKLHUGRFK ODQJVDP NHQQHQ :LH VROO LFK GLFK UHFKW]HLWLJ DEIDQJHQ ZHQQ GX GDXHUQG .DSULROHQPDFKVW" ³0LFKDEIDQJHQ²GDQQNDQQVWGXQXU*XFN\VHLQIROJHUWH)UDPVRIRUWXQG HLQOHLVHVJHVFKPHLFKHOWNOLQJHQGHV/DFKHQNDP]XUFN ³9ROOWUHIIHU KXQGHUW 3OXVSXQNWH IU GLFK 1XU GHU XONLJH 5RERWHU KLHU VFKHLQW GHQ5HWWHUGHV8QLYHUVXPVQLFKW]XNHQQHQHUZROOWHPLUDQV/HGHUBXQGLFK PXWH LKQ WHOHNLQHWLVFK DEVFKDOWHQ 2ND\ GD ELVW GX MD LFK PDFKH MHW]W /LFKW GDPLWGXGLUQLFKWLPOHW]WHQ0RPHQWQRFKGDV+LQWHUWHLOYHUVWDXFKVW (LQH+DQGODPSHEOHQGHWHDXI%RUXQODQGHWHVLFKHULQGHU6FKOHXVHXQGVWUHFNWH GHP0DXVELEHUGLH+DQGHQWJHJHQ³:LOONRPPHQDXI/XUXSLFKELQIURKGD HQGOLFK HWZDV JHVFKLHKW (LJHQWOLFK LVW HV JXW GD LKU LQ GHU 1DFKW JHNRPPHQ VHLGLFKKDEHQRFKHLQLJH0DQDKPHQ]XWUHIIHQHKHLKURIIL]LHOOODQGHQN|QQW 0HLQH/HXWHHUZDUWHQGD]XYRUGHUµ6FKODIHQGH*RWW HUZDFKWXQG0D[LVWIU GLHVHQ =ZHFN QLFKW PHKU ]X JHEUDXFKHQ ,FK PX DOVR 0RULW] ORVVFKLFNHQ GDPLWHULKQLUJHQGZRYHUVFKZLQGHQOlWXQGGDQQDQVHLQH6WHOOHWULWW )UMHGHQDQGHUHQZlUHQGLHVH%HJULIIHXQYHUVWlQGOLFKJHZHVHQGRFK*XFN\ODV
)UDPV EHJOHLWHQGH *HGDQNHQ XQG ZXWH VRIRUW %HVFKHLG ³1XU NHLQH 3DQLN 6SH]LDODUWLVWGDVEHVRUJHLFKVFKRQLFKVSULQJHPLWGHP%OHFKKHLQLCUEHU]XP VRJHQDQQWHQ+HLOLJWXPLQHLQHU0LQXWHLVWGDQQDOOHVHUOHGLJW:LUKDEHQDOVR QRFK JHQXJ =HLW XP XQV EHU (LQ]HOKHLWHQ ]X XQWHUKDOWHQ IDQJHQ ZLU JOHLFK GDPLWDQ )UDP%RUXQQLFNWH³(LQYHUVWDQGHQVHW]HQZLUXQVVRODQJH9LHU6FKLIIHVLQGHV DOVRXQG0DUVFKDOO%XOOLVWPLWGDEHL8QGLKUPDFKWHXFK6RUJHQGD'DEULID HWZDV PHUNHQ N|QQWH :HUD +D\GXND ZDU QLFKW GD GHVKDOE GLH 9HU]|JHUXQJ $XHUGHPLVW$WODQ ³+RSSOD PDFKWH GHU 0DXVELEHU YHUEOIIW ³1LFKW VFKOHFKW .XPSHO ZHQQ GX VRJDUPHLQH*HGDQNHQOHVHQNDQQVWKDVWGXZLUNOLFKZDVDXIGHP.DVWHQ*XW JHKHQ ZLU QXQ PLW GHU 0HGLD LQ 5H[ RGHU ZLH GDV KHLW GHU 5RERWJRWW PX DOVR PXQWHU ZHUGHQ GDQQ VROOHQ GHLQH /HXWH SHU 7URPPHOIXQN DQJHKHL]W ZHUGHQ XQG GDQDFK NRPPHQ DXFK QRFK ODQJH =HUHPRQLHQ" 1LFKW ]X PDFKHQ )UDP GDV 9HUIDKUHQ PVVHQ ZLU GUDVWLVFK DENU]HQ 'LH =HLW GUlQJW GHVKDOE ZHUGHLFKGHQ0RULW]GLUHNW]XGHLQHP=HOWEULQJHQ (U XQWHUEUDFK VLFK VFKLHQ DXI HWZDV ]X ODXVFKHQ XQG VSUDQJ GDQQ DXI ³9HUGDPPWHU 0LVW XQVHU JDQ]HU 3ODQ LVW LP (LPHU (EHQ KDEH LFK HLQHQ JHGDQNOLFKHQ 5XI %XOO\V HPSIDQJHQ GLH %UGHU YRQ 'DEULID VWHKHQ GUDXHQ DXI GHU 0DWWH 6HFKV .UHX]HU IOLHJHQ LQV 6\VWHP HLQ XQG QDWUOLFK KDEHQ VLH XQVHUH 6FKLIIH VRIRUW JHRUWHW -D GDQQ OD GHQ 5RERWEXGGKD PDO QRFK ZHLWHUSHQQHQLFKVSULQJHMHW]WLQXQVHU6FKLII]XUFN :HJZDUHUGLH/XIWVFKOXJKLQWHULKP]XVDPPHQXQG)UDP%RUXQVDDOOHLQ LP'XQNHOQPLWGHPVLFKHUHQ*HIKOGDHVIUGLH=XNXQIWGHU7DOEHZRKQHU HEHQVRZLHIUVHLQHHLJHQHLP$XJHQEOLFNlKQOLFKILQVWHUDXVVDK ³*XWGDGXVRVFKQHOO]XUFNJHNRPPHQELVW.OHLQHUVDJWH%XOOHUOHLFKWHUW 'RFKGLH6RUJHQIDOWHQDXIVHLQHU6WLUQEOLHEHQHUZLHVDXIGHQ3DQRUDPDVFKLUP XQGIXKUIRUW³'DVLHKVWGXXQVHUH)UHXQGH ²3HUU\KDWWHDOVRGRFKUHFKWVLH KDEHQ GHQ 1RWUXI JOHLFKIDOOV DXIJHIDQJHQ 'LH 6FKLIIH KDEHQ HV ]LHPOLFK HLOLJ GHU'LNWDWRUJODXEWHZRKOKLHUPKHORVHUQWHQ]XN|QQHQRKQHJHVlW]XKDEHQ -HW]W ]LHKHQ VLH VLFK ]XU .DPSIIRUPDWLRQ DXVHLQDQGHU ZLU IOLHJHQ LKQHQ HQWJHJHQ GDPLW GLH 3ULPLWLYHQ DXI /XUXS QLFKW LQ 0LWOHLGHQVFKDIW JH]RJHQ ZHUGHQN|QQHQ ³+DVW GX ,PSHULXP $OSKD VFKRQ YHUVWlQGLJW" IUDJWH *XFN\ NQDSS RKQH GLH EOLFKHQEXUVFKLNRVHQYHUEDOHQ(LQODJHQ ³+DEH LFK EHVWlWLJWH GHU 0DUVFKDOO HEHQVR NXU] ³(V LVW QXU IUDJOLFK RE GDV HWZDV QW]W ZHLW XQG EUHLW JLEW HV NHLQH DQGHUHQ (LQKHLWHQ GLH XQV ]X +LOIH NRPPHQ N|QQWHQ ,PPHUKLQ EOHLEW XQV QRFK HWZD HLQH 6WXQGH =HLW HKH HV ]XU *HIHFKWVEHUKUXQJ NRPPHQ NDQQ XQG GLH PVVHQ ZLU DXVQXW]HQ VR JXW HV JHKW 'HU,OWQLFNWHNXU]³$QJULIILVWEHNDQQWOLFKGLHEHVWH9HUWHLGLJXQJGLHVPDODEHU QXULPEHUWUDJHQHQ6LQQJHPHLQWGHQQGLUHNWVLQGZLUGHQ6FKZHUHQ.UHX]HUQ EHVWLPPW XQWHUOHJHQ 9HUVXFKH DOVR VLH ]X EOXIIHQ YLHOOHLFKW KDVW GX GDPLW
(UIROJGLHEOLFKH0DVFKHLVWGLUMDVHLW-DKUKXQGHUWHQEHNDQQW ³'LH (UIROJVTXRWH DEHU DXFK PXUPHOWH %XOO GVWHU ³VLH OLHJW EHVWHQIDOOV EHL YLHU]LJ 3UR]HQW (U EHJDE VLFK QDFKYRUQ]XP.RPPDQGDQWHQLQVWUXLHUWHLKQ HLOLJ XQG 3KDQ 'RQJ VWLPPWH LKP ]X (U JDE GHP )XQNHU HQWVSUHFKHQGH $QZHLVXQJHQ GLHVHU VFKDOWHWH DXI GLH DOOJHPHLQH ,QWHUVWHOODUH 9HUNHKUVIUHTXHQ] EHNDP DEHU YRUHUVW DXI VHLQH $QUXIH NHLQH $QWZRUW (UVW ]ZHL 0LQXWHQ VSlWHU EOHQGHWH GHU %LOGVFKLUP DXI XQG ]HLJWH GDV $EELOG HLQHV lOWHUHQ0DQQHVPLWILQVWHUHQ=JHQXQGGHQ5DQJDE]HLFKHQHLQHV2EHUVWHQDXI VHLQHUPLW2UGHQEHUVlWHQSUXQNYROOHQ8QLIRUP (U|IIQHWHGHQ0XQGXPHWZDV]XVDJHQGRFKGHU.RPPDQGDQWGHU(; NDPLKP]XYRU,QVHLQHPEUHLWHQDVLDWLVFKHQ*HVLFKWZDUNHLQH*HIKOVUHJXQJ ]XHUNHQQHQDOVHUQXQVDJWH³'DUILFKXPLKUHQ1DPHQELWWHQ6LUVRZLHEHU $XINOlUXQJGDUEHUZDVHLQ9HUEDQGGHU.DPSIIORWWHQGHV,PSHULXPV'DEULID LQGLHVHP5DXPVHNWRUWXW"0LWGLHVHP9HUVWRYHUOHW]HQ6LHGDV+RKHLWVJHELHW GHV6RODUHQ,PSHULXPVGDVLVW,KQHQGRFKZRKOEHNDQQW ³6LH UHGHQ 8QVLQQ 0DMRU XQG GDV ZLVVHQ 6LH DXFK JDQ] JHQDX NQXUUWH GHU DQGHUH³,FKELQ2EHUVW.URO/RJDQYRQ6HLQHU([]HOOHQ]6KDOPRQ.'DEULID SHUV|QOLFK HQWVDQGW XQG GDV 6\VWHP /XUXS KDW QRFK QLH ]X GHP OlFKHUOLFKHQ 5HVWLPSHULXP 5KRGDQV JHK|UW (V OLHJW KLHU LP 1LHPDQGVODQG XQG ZLU KDEHQ HLQHQ1RWUXIDXIJHIDQJHQGHURKQH=ZHLIHOYRQHLQHPXQVHUHU6FKLIIHVWDPPW (V LVW VHLW HWZD -DKUHQ YHUVFKROOHQ XQG DOOHV ZHLVW GDUDXI KLQ GD VHLQH ,QVDVVHQLQGLHVHP6\VWHP ³6LH VLQG HV GHU KLHU EODQNHQ 1RQVHQV UHGHW ILHO LKP 3KDQ 'RQJ LQV :RUW ³'LHVHVDQJHEOLFKH6FKLIIKDWHVQLHJHJHEHQQXUHLQHQ3ULYDWUDXPHUYRQ7HUUD GHUVHLQHU]HLWKLHUQRWJHODQGHWLVW'LH1DFKNRPPHQVHLQHU%HVDW]XQJOHEHQQXQ DXIHLQHU:HOWGLHVHV6\VWHPVGDVLVWXQVEHUHLWVVHLWHLQLJHU=HLWEHNDQQW ³*DU QLFKWV LVW ,KQHQ EHNDQQW EHOOWH 2EHUVW /RJDQ YHUELVVHQ ³*ODXEHQ 6LH HWZD ZLU ZWHQ QLFKW VHKU JHQDX ZDV GLH 6RODUH )ORWWH DOOHV WXW XP ZLGHUUHFKWOLFK5KRGDQV+RKHLWVJHELHWDXI.RVWHQDQGHUHU]XHUZHLWHUQ+LHUVROO HLQH HUQHXWH $QQHNWLHUXQJ VWDWWILQGHQ KLOIORVH %UJHU 'DEULIDV VROOHQ JHZDOWVDP ³6FKRQ ZLHGHU HLQ QHXHU ,UUWXP 2EHUVW NRQWHUWH GHU .RPPDQGDQW GHU (; UXKLJ ³'LHVH YLHU 6FKLIIH JHK|UHQ QLFKW ]XU 6RODUHQ )ORWWH VRQGHUQ VLQG (LQKHLWHQ GHU ([SORUHUIORWWH GLH QRFK QLH PLOLWlULVFKH $XIJDEHQ GXUFKJHIKUW KDW :LU EHIDVVHQ XQV QXU PLW GHU IULHGOLFKHQ (UNXQGXQJ XQHUIRUVFKWHU 6\VWHPH ³6LH OJHQ NDP HV HUUHJW ]XUFN ³,KUH 5lXPHU VLQG HLQZDQGIUHL 6FKZHUH .UHX]HU GHU 62/$5.ODVVH EHZDIIQHW PLW 'HVLQWHJUDWRU*HVFKW]HQ XQG 7UDQVIRUPNDQRQHQ:LUNHQQHQGLHVHQ7\SYLHOOHLFKWEHVVHUDOV6LHVHOEVWXQV N|QQHQ6LHQLFKWVYRUPDFKHQ ³6LQG6LHGDJDQ]VLFKHU"IUDJWH0DMRU3KDQ'RQJVS|WWLVFK]XUFN³,FKNDQQ YHUVWHKHQ GD 6LH XQV QLFKW JODXEHQ ZROOHQ 2ND\ GDQQ PDFKH LFK ,KQHQ HLQ $QJHERW NRPPHQ 6LH VHOEVW PLW HLQHP %HLERRW ]X XQV KHUEHU 'DQQ N|QQHQ 6LHVLFKEHOLHELJLQXQVHUHQ6FKLIIHQXPVHKHQXQG6LHZHUGHQGDULQQLFKWHLQH
7UDQVIRUPNDQRQHILQGHQ:LUKDEHQQXU1DFKVFKXEJWHUIUGLH1DFKNRPPHQ GHU7HUUDQHUDQ%RUGGLHMHW]WLQGLHVHP6\VWHPOHEHQEHU]HXJHQ6LHVLFKPLW HLJHQHQ$XJHQGDYRQ ³'DV N|QQWH ,KQHQ VR SDVVHQ ZLH" JLIWHWH 2EHUVW /RJDQ ³,FK VROO ]X ,KQHQ NRPPHQGDPLW6LHPLFKJHIDQJHQQHKPHQXQGDOV*HLVHOIU,KUHVFKPXW]LJHQ =ZHFNH YHUZHQGHQ N|QQHQ XP XQVHUHP JORUUHLFKHQ ,PSHULXPQRFKZHLWHU]X VFKDGHQ1HLQVRGXPPELQLFKQXQZLUNOLFKQLFKW ³6RQGHUQ QRFK XP HLQLJHV GPPHU VDJWH GHU 0DMRU XQG XP VHLQH /LSSHQ VSLHOWH QXQ HLQ YHUlFKWOLFKHV /lFKHOQ ³6LH VLQG JDQ] HLQIDFK HLQ VWXUHU 0LOLWDULVW GHU .DUULHUH PDFKHQ ZLOO XQG KLHU ELHWHW VLFK ,KQHQ GLH SDVVHQGH *HOHJHQKHLW(LQHQWVFKORVVHQHU$QJULIIYLHUNDXPEHZDIIQHWH([SORUHUVFKLIIH ZHUGHQYHUQLFKWHWXQGGDV,PSHULXP'DEULIDXQWHUMRFKWHLQHQZHLWHUHQ3ODQHWHQ JHJHQ MHGHV 9|ONHUUHFKW )UFKWHQ 6LH QLFKW VLFK GDPLW VHOEVW ]X VFKDGHQ 2EHUVW/RJDQ" ,QGLHVHP7RPJLQJHVQRFKHLQHJDQ]H:HLOHKLQXQGKHU*XFN\]HLJWHVHLQHQ 1DJH]DKQ XQG EHPHUNWH DQHUNHQQHQG ³'HU 'LQJ'RQJ LVW HLQ 1DWXUWDOHQW HU ZHLDXIDOOHVGLHSDVVHQGH$QWZRUW'XVROOWHVWLKQGHPGLSORPDWLVFKHQ'LHQVW HPSIHKOHQHUN|QQWHLKQZHLWEHVVHUEUDXFKHQ%XOO\ ³'DV LQWHUHVVLHUW PLFK LP 0RPHQW HLQHQ DOWHQ .lVH NQXUUWH GHU 6WDDWVPDUVFKDOO ]XUFN ³6LFKHU HU KlOWVLFK JXW DEHU ZDV JHZLQQHQ ZLU GDEHL VFKRQ" 1RFK K|FKVWHQV ]ZDQ]LJ 0LQXWHQ GDQQ VWHKHQ ZLU XQV DXI 6FKXHQWIHUQXQJJHJHQEHUXQGZHUGDEHLGHQ.U]HUHQ]LHKWLVWVRQQHQNODU 3HUU\ QLPPW DXI DOOHV XQG MHGHV 5FNVLFKW GRFK HU KlWWH EHVVHU GDUDQ JHWDQ (LQKHLWHQ GHU UHJXOlUHQ )ORWWH QDFK /XUXS ]X VFKLFNHQ )ORWWH 6SUFKH VLQG VFK|QXQGJXWDEHUZHQQGLH.RQIURQWDWLRQQLFKWPHKU]XYHUPHLGHQLVW (UEUDFKDEGHQQGHU)XQNHUZLQNWHLKPKHIWLJ]XXQGHUHLOWH]XLKPKLQEHU 'DV 6WUHLWJHVSUlFK 3KDQ 'RQJ.URO /RJDQ JLQJ EHU GLH 1RUPDOZHOOH GLH +\SHUIXQNNDQlOHEOLHEHQIUHLXQGDXIHLQHPGDYRQILHOQXQHLQH6HQGXQJGLUHNW YRQGHU(UGHHLQ%XOOEHJDEVLFKHLOLJKLQEHU]XGHP*HUlW*XFN\IROJWHLKP XQGVSlKWHDQLKPYRUEHLDXIGHQ+\SHUELOGVFKLUP$XIGLHVHP]HLJWHVLFKQXQ GDV$EELOGYRQ'U:HUD+D\GXNDXQGVLHVDJWHHUUHJW ³(LQHJXWH1DFKULFKWIU6LH6WDDWVPDUVFKDOO%XOO0LUZDUNODUGDVLFKXQVHU 0DQQDXI/XUXS,,EDOGPHOGHQZUGHXQGGDUXPKDEHLFKYRUJHVRUJW,FKELQ ]XP6LW]GHV*DODNWLVFKHQ*HULFKWVKRIVJHIORJHQXQGKDEHLKPDOOH8QWHUODJHQ EHUJHEHQ GLH VLFK DXI GLH 63$&( 6:$//2: LKU =LHO XQG GLH LOOHJDOHQ 0DQLSXODWLRQHQGHU,ORQD0DUJLQEH]RJHQ'LH=HQWUDOSRVLWURQLNGHV**KDWVLH DXVJHZHUWHW GHQ ]XVWlQGLJHQ 5LFKWHUQ XQWHUEUHLWHW XQG GLHVH KDEHQ VLFK QDFK HLQJHKHQGHU%HUDWXQJVRHQWVFKLHGHQ 'LH+HUNXQIWGHU0HQVFKHQDXI/XUXS,,VWHKWHLQZDQGIUHLIHVW,KUH9RUIDKUHQ ZDUHQ 0lQQHU XQG )UDXHQ YRQ GHU (UGH GHU VSlWHU JHVHQGHWH 1RWUXI HLQZDQGIUHL DQ LKUH %HK|UGHQ JHULFKWHW =ZDU VLQG VHLWGHP PHKU DOV -DKUH YHUJDQJHQGRFKGDVlQGHUWQLFKWVDQGHQXUVSUQJOLFKHQ*HJHEHQKHLWHQ=XGHP ZXUGH GDV /XUXS6\VWHP VHLQHU]HLW YRQ (LQKHLWHQ GHU WHUUDQLVFKHQ ([SORUHUIORWWH HQWGHFNW XQG HUNXQGHW VR GD IU 7HUUD YRQ YRUQKHUHLQ HLQH
3ULRULWlWJHJHEHQZDU'HVKDOEHQWVFKHLGHWGDV+RKH*HULFKWZLHIROJW 'HU%HVLW]DQVSUXFKGHV6RODUHQ,PSHULXPVDXIGDV/XUXS6\VWHPLVWEHUHFKWLJW XQ G ZLUG KLHUPLW IRUPHOO DQHUNDQQW LQNOXVLYH DOOHU 5HFKWH XQG 3IOLFKWHQ GLH VLFK GH MXUH GDUDXV HUJHEHQ (LQVSUFKH 'ULWWHU ZHUGHQ QLFKW ]XJHODVVHQ XQG MHGHU 9HUVXFK VROFKH PLWWHOEDU RGHU XQPLWWHOEDU GXUFK]XVHW]HQ LVW QDFK *DODNWLVFKHP5HFKWLOOHJDO 6RZHLWGDV.HUQVWFNGHV'RNXPHQWV6LUZ|UWOLFK ]LWLHUW ³'DQNH :HUD GDV KDEHQ 6LH SUlFKWLJ JHPDFKW VDJWH %XOO DEHU *XFN\ VFKWWHOWHYHUZLUUWGHQ.RSI³'LHVHV$PWVFKLQHVLVFKZDUPLUVFKRQLPPHUHLQ *UHXHO LFK NRPPH GD QLFKW JDQ] PLW .DQQ PDQ GDV HYHQWXHOO DXFK VR DXVGUFNHQGDHVHLQQRUPDOHU,OWYHUVWHKW" ³6DJWHVW GX QRUPDO" PHLQWH %XOO\ IHL[HQG GRFK GDQQ QLFNWH HU ³6HKU NXU] VRJDU²ZLUKDEHQJHZRQQHQ:HUMHW]WQRFKYHUVXFKWXQV/XUXS]XHQWUHLHQ VWHOOW VLFK JHJHQ GHQ *HULFKWVKRI XQG GDV NDQQ VLFK QLFKW PDO GHU 'LNWDWRU 'DEULID OHLVWHQ 2ND\ GDQQ ZROOHQ ZLU LKP GDV DXFK JOHLFK XQWHU GLH 1DVH UHLEHQ (U EHJDE VLFK ]XP .RPPDQGRVWDQG ZR GDV 5HGHGXHOO LQ]ZLVFKHQ DXI GHP +|KHSXQNW DQJHODQJW ZDU ³IRUGHUH 6LH OHW]WPDOLJ DXI GDV 6\VWHP ]X YHUODVVHQ EHOOWH 2EHUVW /RJDQ JHUDGH ³7XQ 6LH GDV QLFKW ZHUGHQ PHLQH (LQKHLWHQ GDV )HXHU HU|IIQHQ DOOH )ROJHQ KDEHQ 6LH VLFK GDQQ VHOEVW ]X]XVFKUHLEHQ,FKJHEHLKQHQIQI0LQXWHQGLH)ULVWOlXIWDEMHW]W %XOO JDE GHP )XQNHU HLQH NXU]H $QZHLVXQJ GDQQ ZLQNWH HU 3KDQ 'RQJ XQG GLHVHU UlXPWH VHLQHQ 6LW] 'HU 0DUVFKDOO QDKP GDULQ 3ODW] XQG EHL VHLQHP $QEOLFN HUVFKLHQ HLQ EHVWU]WHU $XVGUXFN DXI .URO /RJDQV *HVLFKW (U ZROOWH HWZDV VDJHQ EUDFKWH MHGRFK NHLQHQ 7RQ KHUDXV XQG GHU 0DUVFKDOO OlFKHOWH JULPPLJ ³6FKOLHHQ 6LH ,KUHQ 0XQG ZLHGHU 2EHUVW ,KU *HEL LVW GXUFKDXV NHLQH $XJHQZHLGH 8QG GDQQ K|UHQ 6LH VLFK VHKU JHQDX GDV DQ ZDV ZLU ,KQHQ MHW]W EHUVSLHOHQZHUGHQ'DQQN|QQHQZLUZHLWHUUHGHQ 'HU )XQNHU VSLHOWH GLH 1DFKULFKW 'U +D\GXNDV HLQ XQG EHL MHGHP 6DW] YHUGVWHUWH VLFK GLH 0LHQH /RJDQV PHKU (U VDQN I|UPOLFK LQ VHLQHP 6HVVHO ]XVDPPHQ PDQ VDK LKP DQ ZLH GLH *HGDQNHQ LQ VHLQHP .RSI UDVWHQ DEHU DXFKZLHUDWORVHUQXQZDU ³6LHKDEHQPLFKHUNDQQWVWHOOWH%XOO\GDQQIHVW³XQGPLWPLUN|QQHQ6LHQLFKW VRXPVSULQJHQZLHHEHQPLWGHP0DMRU$XHUGHPNHQQHQ6LHQXQGHQ6SUXFK GHV*DODNWLVFKHQ*HULFKWVKRIVXQGLFKNDQQ,KQHQQXUUDWHQVLFKVWULNWGDQDFK ]X ULFKWHQ :HQQ 6LH MHW]W QRFK DXI XQV VFKLHHQ N|QQHQ 6LH YLHOOHLFKW PHLQH 6FKLIIH HUOHGLJHQ DEHU GDQDFK VLQG 6LH VHOEVW HUVW UHFKW HUOHGLJW 8QV EOHLEW LPPHUQRFK=HLWJHQXJGHQ9RUJDQJQDFK7HUUD]XPHOGHQXQGGDQQZLUGHV EDOG GLH JDQ]H 0LOFKVWUDH ZLVVHQ DOVR DXFK GDV *HULFKW %LVKHU LVW 'DEULID WURW] VHLQHU UGHQ 0HWKRGHQ LPPHU QRFK GDYRQJHNRPPHQ DEHU GHQ 6WDDWVPDUVFKDOO GHV 6RODUHQ ,PSHULXPV XP]XEULQJHQ NDQQ VHOEVW HU VLFK QLFKW OHLVWHQ6HKHQ6LHGDVHLQRGHUUHLFKW,KU*ULSVGD]XQLFKWDXV" 2EHUVW /RJDQ ZXUGH QRFK NOHLQHU VHLQ *HVLFKW ZLUNWH JUDX XQG YHUIDOOHQ (U
KDWWH JHJODXEW HLQH OHLFKWH $XIJDEH ]X KDEHQ GRFK QXQ KDWWH VLFK DOOHV LQV JHQDXH *HJHQWHLO YHUNHKUW *HZLVVHQVELVVH NDQQWH HU QLFKW DEHU QDFK GLHVHU :HQGXQJGHU'LQJHYHUERWVLFKHLQHRIIHQH.RQIURQWDWLRQYRQVHOEVW(UZXWH XPGLHJHKHLPHQ3OlQHVHLQHV,PSHUDWRUVXQGVFKRQHLQHLQ]LJHU6FKXUHLFKWH DXVXPVLHHPSILQGOLFK]XVW|UHQ *DEHUMHW]WQLFKWQDFKNRVWHWHHVLKQXQZHLJHUOLFKGDV/HEHQLQVROFKHQ)lOOHQ NDQQWH 6KDOPRQ 'DEULID NHLQH *QDGH :HQQ HU DEHU QDFKJDE ZDU HU DXFK HUOHGLJW REZRKO HU VHLQH %HIHKOH VR JXW ZLH P|JOLFK EHIROJW KDWWH 1XU HEHQ GRFKQLFKWJXWJHQXJ²HUKDWWH]XODQJHJH]|JHUWVWDWWVRIRUWDQ]XJUHLIHQXQG VLFKDXIHLQODQJHV5HGHGXHOOPLWGHP0DMRUHLQJHODVVHQ:lUHQGLHVH6FKLIIH YHUQLFKWHW ZRUGHQ HKH HU YRQ GHP 8UWHLO XQG %XOOV $QZHVHQKHLW ZXWH KlWWH 'DEULIDLKQQRFKGHFNHQN|QQHQGDULQKDWWHHU(UIDKUXQJ (U KDWWH HV QLFKW JHWDQ VRQGHUQ GLHVHQ =HLWSXQNW YHUVlXPW XQG GLH =HQWUDOEHVDW]XQJHQ DOO VHLQHU 6FKLIIH KDWWHQ GHQ 'LVNXUV PLW GHP WHUUDQLVFKHQ 0DMRU PLWJHK|UW 1DFK GHU 5FNNHKU QDFK 1RUPRQ ZUGH PDQ VLH YHUK|UHQ GDQQVWDQGHUDOV9HUVDJHUGD²XQGGDPLWZDULKPGLHUHVWORVH'HJUDGLHUXQJ XQGGLH(LQZHLVXQJLQHLQHVGHUEHUFKWLJWHQ6WUDIODJHUGHV'LNWDWRUVJHZL *XFN\ ODV VHLQH *HGDQNHQ ]HLJWH GHQ 1DJH]DKQ XQG UDXQWH %XOO ]X ³'LHVHU .QDEHLVWPRUDOLVFKUHVWORVDP%RGHQ]HUVW|UW/HJWHUHVMHW]WQRFKPLWXQVDQ NRVWHWHVLKQGLH5EHWXWHUHVQLFKWPXHUELVDQVHLQ/HEHQVHQGHLQHLQHP /DJHU/DWULQHQSXW]HQ /RJDQ ZlKOWH GDV VFKHLQEDUNOHLQHUHhEHOHUUDIIWHVLFKDXIXQGHUNOlUWHPDWW ³,FKELQ]ZDULPPHUQRFKGDYRQEHU]HXJWGD6LHLP8QUHFKWVLQG0DUVFKDOO %XOOGRFKGLHVHP8UWHLOPXLFKPLFKQRWJHGUXQJHQEHXJHQ'DVWXHLFKDEHU QXUXPPHLQHP,PSHUDWRUHYHQWXHOOH6FKZLHULJNHLWHQ]XHUVSDUHQGLHVEHWRQH LFKKLHUPLWDXVGUFNOLFK1XUGHVKDOEZHUGHLFKQXQPHLQH2IIL]LHUHDQZHLVHQ PLWLKUHQ6FKLIIHQDXI*HJHQNXUV]XJHKHQXQG,KQHQGLHVHV6\VWHPNDPSIORV ]X EHUODVVHQ 'RFK XQVHU JORUUHLFKHV ,PSHULXP ZLUG HV VHKU JHQDX LP $XJH EHKDOWHQYHUODVVHQ6LHVLFKGDUDXI 'LHEHLGHQ)RUPDWLRQHQKDWWHQLQ]ZLVFKHQEHUHLWVGLH6FKXGLVWDQ]HUUHLFKWGLH 6FKXW]VFKLUPHXPGLH(;6FKLIIHVWDQGHQVFKRQ'RFKQXQZXUGHQGLH'DEULID 5DXPHU UDSLGH DEJHEUHPVW JLQJHQ LQ HLQH ZHLWH .XUYH XQG VWUHEWHQ DXV GHP 6\VWHP KLQDXV 5HJLQDOG %XOO KDWWH HLQH =LJDUUH KHUYRUJHKROW XQG SDIIWH JHQXYROO RKQH GLH OHLGHQGHQ 0LHQHQ GHU &UHZ LQ GHU =HQWUDOH ]X EHDFKWHQ 'DQQ YHUVFKZDQGHQ GLH JHJQHULVFKHQ 6FKLIIH LP /LQHDUUDXP HU ZDUI GHQ 6WXPPHOLQGHQ$EIDOOWULFKWHUHUKREVLFKXQGJULQVWH ³1D ZLH KDEH LFK GDV KLQJHNULHJW .OHLQHU" 6R JURPlXOLJ GLHVHU /RJDQ DXFK ZDUHUWXWPLUIDVWOHLGZHQQLFKGDUDQGHQNHZLHHVLKPZHLWHUHUJHKHQZLUG -HW]W QLFKWV ZLH DXI ]X XQVHUHQ 6FKW]OLQJHQ DXI /XUXS ,, ² JHEHQ 6LH DOOHQ 6FKLIIHQ2UGHUGLHVHQ.XUVDXI]XQHKPHQ3KDQ 'HU 0DMRU EHVWlWLJWH GLH 5DXPHU YHUODQJVDPWHQ XQG VFKZDQJHQ GDQQ KHUXP *XFN\ MHGRFK KRFNWH QRFK LPPHU LQ VHLQHP .RQWXUVLW] VHLQH 0LHQH ZLUNWH JUEOHULVFKXQGHUUHDJLHUWHQLFKWDXI%XOO\V:RUWH ³+DW GLU .URO /RJDQV 6FKLFNVDO VR VHKU DXIV *HPW JHVFKODJHQ RGHU ZDV LVW
VRQVW PLU GLU ORV 0RKUUEHQHVVHU" 'DV ZDU QDFK ODQJHU =HLW ZLHGHU PDO HLQ (UIROJVHUOHEQLV MHW]W ZHUGH LFK GLH OHLGLJHQ %URVWXQGHQ LQ ,PSHULXP $OSKD YLHOOHLFKWHUHUWUDJHQEHPHUNWHGHU0DUVFKDOOVFKOLHOLFK 'HU0DXVELEHUUHJWHVLFKQXQHQGOLFKZLHGHUHU|IIQHWHGLHKDOEJHVFKORVVHQHQ $XJHQXQGQLFNWHODQJVDP ³6LFKHU LFK J|QQH GLU GLHVH )UHXGH GX KDVW ZLUNOLFK RSWLPDO DJLHUW 'LFNHU /XUXS,,XQGGLH/HXWHGRUWVLQGMHW]WVLFKHUYRUGHP=XJULII'DEULIDVXQGGDV LVWJXWVR'DQHEHQJLEWHVMHGRFKDXFKHLQHQEHWUlFKWOLFKHQ6FK|QKHLWVIHKOHU KDVWGXGHQGHQQQRFKLPPHUQLFKWEHPHUNW" %XOO\ IXKU VLFK EHUOHJHQG GXUFK GDV URWH +DDU GDQQ VFKWWHOWH HU GHQ .RSI ³1HLQEHNDQQWHHUXQG*XFN\]RJHLQH*ULPDVVH ³(V VROO GD EHL GHQ DOWHQ *ULHFKHQ PDO HLQHQ .|QLJ JHJHEHQ KDEHQ GHU VLFK WRGJHVLHJWKDWHUKLH3DS\UXVRGHUVRlKQOLFK8QGVRXQJHIlKUVWHKHQZLUMHW]W DXFKGD:LUKDEHQGLHVHV6\VWHPDEHUZLUN|QQHQQLFKWVGDPLWDQIDQJHQ'LH /XUXSHU VROOWHQ VFKOLHOLFK QXU GHVKDOE HYDNXLHUW ZHUGHQ GDPLW $WODQ KLHU VHLQHQ*HKHLPVWW]SXQNWHUULFKWHQNDQQQDIlOOWGHU6ROLMHW]W" ³9HUGDPPW NQXUUWH %XOO YHUVW|UW XQG VHW]WH VLFK UDVFK ZLHGHU ³'D KDVW GX OHLGHU QXU ]X UHFKW 9RQ JHKHLP NDQQ KLHU EHLP EHVWHQ :LOOHQ QLFKW PHKU GLH 5HGH VHLQ JDQ] LP *HJHQWHLO 'HU *HULFKWVKRI ZLUG VHLQ 8UWHLO JDOD[LVZHLW SXEOL]LHUHQ XP VHLQH ([LVWHQ]EHUHFKWLJXQJ ]X EHZHLVHQ QDFKGHP HU MDKU]HKQWHODQJNDXPHWZDVJHOHLVWHWKDWGDVLVWNODU'RFKDXFKRKQHGHPZlUH GDV JDQ]H 3URMHNW ZLW]ORV QDFKGHP 'DEULID MHW]W ZHL GD GLH YHUKDWHQ 7HUUDQHU KLHU VLQG 6HLQH 6FKLIIH ZHUGHQ UHJHOPlLJ LQ GLHVHP 6HNWRU SDWURXLOOLHUHQ RGHU PDQ VHW]W LQ GHU 1lKH HLQH 6SLRQVRQGH DXV XQG ZHL GDQQ LPPHUZDVKLHUYRUVLFKJHKW'LHVHU3ODQLVWIUDOOH=HLWJHVWRUEHQ$WODQPX IURKVHLQZHQQPDQLKPDQGHUVZRQLFKWDXIGLH6FKOLFKHNRPPW ³6RLVWHV([SORUHUKlXSWOLQJEHVWlWLJWH*XFN\ODNRQLVFK³DEHUHVNRPPWDXFK QRFKHWZDVKLQ]X$QJHVLFKWVGLHVHUVFKUlJHQ/DJHKDWHVGRFKQLFKWPHKUGHQ JHULQJVWHQ 6LQQ GLH +DOEZLOGHQ YRQ /XPS ZHJ]XEULQJHQ ,P *HJHQWHLO VLH PVVHQ VRJDU GRUW EOHLEHQ ZHLO ZLU VRQVW GHQ $QVSUXFK DXI GDV 6\VWHP YHUOLHUHQZUGHQ ³'DPLWKDVWGXOHLGHUVFKRQZLHGHUUHFKWVHXI]WHGHU0DUVFKDOOXQGKROWHHLQH QHXH=LJDUUHKHUYRU³-DGDPLWEOHLEWXQVZRKOQXUEULJYRUHUVWEHL/XUXS,, DXI:DUWHSRVLWLRQ]XJHKHQXQGGDQQUXIHLFKGLUHNW3HUU\DQ(UVROOSHUV|QOLFK HQWVFKHLGHQZDVQXQZHLWHU]XJHVFKHKHQKDW $XIGHU(UGHZDUMHGRFKJHUDGH0LWWHUQDFKWDOVRRUGQHWH%XOOIUDOOH6FKLIIH HLQH 5XKHSDXVH DQ XQG VFKRE GDV *HVSUlFK XP QHXQ 6WXQGHQ DXI 'DQQ HUUHLFKWH VHLQ $QUXI DEHU QLFKW QXU 5KRGDQ GHQQ $WODQ ZDU LQ]ZLVFKHQ YRQ 2O\PS ]XUFN XQG KLHOW VLFK LP %UR GHV *URDGPLQLVWUDWRUV DXI (U KDWWH LQ]ZLVFKHQ YRQ :HUD +D\GXND GHQ HUVWHQ 7HLO GHU /XUXS6WRU\ HUIDKUHQ GHQ ]ZHLWHQOLHIHUWHLKPQXQGHU6WDDWVPDUVFKDOOQDFK(UZDUWLHIHQWWlXVFKWGHQQ MHW]WPXWHHUDXFKGHQ%DXGHUEULJHQ6WW]SXQNWHYRUHUVWDXI(LVOHJHQXP GHQ PLWUDXLVFKHQ 'DEULIDQHUQ NHLQH $QKDOWVSXQNWH ]X OLHIHUQ 'RFK HU ZDU SUDJPDWLVFK JHQXJ XP VLFK GDPLW DE]XILQGHQ ]XP 6FKOX QLFNWH HU GHP
)UHXQG]XXQGEHPHUNWH ³'LHVHU%RUXQLVWPLWVHLQHQ*DEHQGRFKYLHO]XVFKDGHXPGRUWDXI/XUXS]X YHUVDXHUQ%XOO\,FKN|QQWHLKQJXWDOV862$JHQWHQEUDXFKHQXQVHUH9HUOXVWH VLQGLQOHW]WHU=HLWEHGHQNOLFKKRFK.DQQVWGXGLFKGD]XEHUZLQGHQLKQXQV]X EHUODVVHQ" 'DV NDP %XOO QLFKW VHKU JHOHJHQ 6SH]LDOLVWHQ GLHVHU $UW ZDUHQ DXFK LQ GHU ([SORUHUIORWWHNQDSS³3ULQ]LSLHOOVFKRQHUNOlUWHHUQXQGLSORPDWLVFK³DEHUGLH OHW]WH(QWVFKHLGXQJVROOHUVHOEVWWUHIIHQ,FKZHUGHLKPGHLQ$QJHERWPLWWHLOHQ XQGGLFKVSlWHUGDYRQXQWHUULFKWHQZDVHUGDYRQKlOW 'DQDFKVSUDFKHUQRFKPLW3HUU\5KRGDQ(LQ]HOKHLWHQGDUEHUDEZLHQXQDXI /XUXS,,ZHLWHUYRU]XJHKHQZDU 6LHZDUHQVLFKGDULQHLQLJGDGLHSULPLWLYHQ0HQVFKHQQLFKWRKQH1RWDXVGHU JHZRKQWHQ8PJHEXQJJHULVVHQZHUGHQGXUIWHQ6LHVROOWHQGRUWEOHLEHQXQGQXU (QWZLFNOXQJVKLOIH EHNRPPHQ ELV GLH =HLW UHLI ZDU VLH RIIHQ LQV 6RODUH ,PSHULXPHLQ]XJOLHGHUQ ³,PPHU ZLHGHU LFK EHVFKZHUWH VLFK *XFN\ HWZDV XQGHXWOLFK GHQQ HU NDXWH JHUDGH DXI HLQHU GLFNHQ 0RKUH KHUXP ³=XHUVW VLW]H LFK PRQDWHODQJ IUXVWULHUW KHUXP XQG PHLQH HLQ]LJH $XIJDEH EHVWHKW GDULQ LP *DUWHQ 8QNUDXW DXV]XUXSIHQ 2ND\ 'LFNHU LFK ZLOO GLU WURW]GHP KHOIHQ DEHU QXU ZHLO LFK )UDP%RUXQUHFKWJHUQPDJ:DVVROOLFKDOVRWXQ" %XOO\ VDJWH HV LKP GHU 0DXVELEHU VWLPPWH ]X EUDFKWH DEHU HLQLJH 6RQGHUZQVFKH YRU 6LH ZXUGHQ DN]HSWLHUW HU EHJDE VLFK LQ HLQHQ /DJHUUDXP XQGVWHOOWHGRUWVHLQH$XVUVWXQJ]XVDPPHQ'LH6FKLIIHEHIDQGHQVLFKLQHLQHP 2UELWXP/XUXS+XQGPDQKDWWH%RUXQEHU)XQNLQJURHQ=JHQYRQGHP XQWHUULFKWHWZDVYRUJHIDOOHQZDU 1XQ ZDU ZLHGHU 1DFKW EHU GHP 7DO GHU +DOEPXWDQW ZDU KLQDXI ]XP +RFKSODWHDX JHIORJHQ XQG ZDUWHWH PLW 0RULW] LQ GHU /XIWVFKOHXVH GHU 63$&( 6:$//2: 'DV :HWWHU ZDU QRFK JXW DEHU GHU /XIWGUXFN ZDU LQ GHQ OHW]WHQ 6WXQGHQJHIDOOHQXQGIUGHQNRPPHQGHQ1DFKPLWWDJODJ5HJHQLQGHU/XIW (LQOHLVHV*HUlXVFKZDUSO|W]OLFK]XK|UHQXQGGDQQVDJWHHLQH6WLPPHQHEHQ LKP ³0DFK GLU NHLQH 6RUJHQ )UDP ELV GDKLQ LVW DOOHV OlQJVW JHODXIHQ 'LH HUZDUWHWHQ*|WWHUZHUGHQ]ZDUQLFKWNRPPHQGRFKZLUZHUGHQGHLQHQ/HXWHQ HLQHJXWH6FKDXELHWHQGLHVLHZRKOGDUEHUKLQZHJWU|VWHQZLUG %RUXQ ZDU ]XVDPPHQJH]XFNW REZRKO HU GLHVH 6WLPPH NDQQWH GRFK VHLQH $XJHQ VXFKWHQ YHUJHEOLFK QDFK GHP 6SUHFKHU 'HVVHQ 8PULVVH ZXUGHQ HUVW 6HNXQGHQ VSlWHU LP VFKZDFKHQ 6WHUQHQOLFKW VLFKWEDU HU HUNDQQWH GHQ 0DXVELEHUGLHVHUQLFNWHLKP]XXQGHUNOlUWH ³'LHVPDOKDEHLFKHLQHQ'HIOHNWRUPLWJHEUDFKWHUZLUGVHLQH5ROOHLQGHU6FKDX VSLHOHQ GLH ZLU DE]LHKHQ ZHUGHQ :LU GDV ZHUGHQ 0RULW] XQG LFK VHLQ ZHLO 0D[QLFKWPHKU]XEUDXFKHQLVW'RFKGDVEHVSUHFKHQZLUVSlWHUGLH1DFKWLVW MD QRFK ODQJ ]XYRU PX LFK GLU QRFK HLQLJHV DQGHUH HU]lKOHQ VSHUUH DOVR GLH 2KUHQDXI
(UVFKLOGHUWH)UDPHLQJHKHQGDOOHVZDVPLWGHU.RQIURQWDWLRQPLWGHQ6FKLIIHQ YRQ'DEULID]XVDPPHQKLQJGDQQIJWHHU3HUU\5KRGDQV(QWVFKHLGXQJLQEH]XJ DXI GLH =XNXQIW GHU 0HQVFKHQ YRQ /XPS ,, KLQ]X )UDP %RUXQ VWHOOWH QRFK HLQLJH)UDJHQXQGGDQDFKDN]HSWLHUWHHUVLHYROOZHLOVLHDXFKVHLQHU0HLQXQJ QDFKJXWXQGYHUQQIWLJZDU$OV*XFN\DEHUGDQQDXI$WODQV9HUODQJHQEHWUHIIV VHLQHV(LQWULWWVLQGHQ.UHLVGHU862$JHQWHQHLQJLQJVFKWWHOWHHUHQWVFKLHGHQ GHQ.RSI ³7XW PLU OHLG DEHU GDUDXV NDQQ QLFKWV ZHUGHQ ,FK OHEHQXQVFKRQ-DKUHXQWHU GHQ0HQVFKHQKLHUELQODXIHQGYRQHLQHP'RUILQVDQGHUHJHZDQGHUWXQGIDVW HLQHUYRQLKQHQJHZRUGHQ'D]XNRPPWQRFKGDLFKHLQHJXWH)UDXXQGGUHL .LQGHUKDEHXQGPHLQ6RKQLVWLQEH]XJDXI3DUDJDEHQVRJDUQRFKEHVVHUDOV LFK 6ROO LFK GLHV DOOHV QXQ DXIJHEHQ XP GHQ 3UHLV ]ZDU LQ GLH =LYLOLVDWLRQ ]XUFN]XNHKUHQGDQQDEHUZLOONUOLFKLQGHU*DOD[LVKHUXPJHKHW]W]XZHUGHQ XQWHUGDXHUQGHU/HEHQVJHIDKU",FKGHQNHQLFKWGDUDQ ³*XW XQG ULFKWLJ *|WWHUERWH VDJWH *XFN\ DQHUNHQQHQG ³:lUH LFK DQ GHLQHU 6WHOOH KlWWH LFK NDXP DQGHUV HQWVFKLHGHQ 1LFKW MHGHU ILQGHW LQ VHLQHP /HEHQ HLQH$XIJDEHGLHLKQEHIULHGLJWXQGYROODXVIOOW-HW]WJHKWHVDOOHLQXPGHLQH /HXWH KLHU DXI /XUXS ,, 'X KDVW LKQHQ GLH 5FNNHKU LKUHU *|WWHU XQG GLH 8PVLHGOXQJ LQ HLQ 3DUDGLHV DQJHNQGLJW GRFK GDV DOOHV IlOOW QXQ PLW HLQHP ODXWHQ .ODWVFK LQV :DVVHU GDV LVW NODU ,FK KDEH HLQHQ 3ODQ ZLH VLFK DOOHV VR GUHKHQOlWGDVLHWURW]GHP]XIULHGHQVLQG:LOOVWGXPLUGDEHLKHOIHQ" ³*HUQZHQQLFKHVNDQQVWLPPWH)UDP]XGHU0DXVELEHUQLFNWH]XIULHGHQXQG WUXJLKPGLH(LQ]HOKHLWHQYRU'DQDFKNHKUWH%RUXQLQVHLQ=HOW]XUFNXQGQXQ ZDU0RULW]DQGHU5HLKH 'HU 0RUJHQ EUDFK DQ LQ GHQ '|UIHUQ LP 7DO HUZDFKWH GDV /HEHQ 'LH 0WWHU YHUVRUJWHQ LKUH .LQGHU GLH 0lQQHU QDKPHQ GDV )UKVWFN HLQ XQG EHUHLWHWHQ VLFKDXILKU7DJZHUNYRU'DV9LHKPXWHKLQDXVDXIGLH:HLGHQGLH6FKUHLQHU EUDXFKWHQ +RO] XP QHXH +lXVHU ]X HUULFKWHQ RGHU DOWH ]X UHSDULHUHQ 'DV JDE DXFK GHQ +RO]IlOOHUQ ]X WXQ GLH *ODV]LHKHU PXWHQ LKUH )HXHU HQWIDFKHQ XQG GLH-lJHUPDFKWHQLKUH:DIIHQEHUHLW 'RFKDOOGLHVZXUGHMlKXQWHUEURFKHQ²DXVGHU+|KHHUVFKDOOWHSO|W]OLFKHLQH ODXWH6WLPPHXQGGUDQJELVLQGHQOHW]WHQ7DOZLQNHO ³(UVFKUHFNWQLFKWLKU0lQQHUXQG)UDXHQ²GHU*|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³'LHN|QQHQYLHOOHLFKWUHQQHQPHLQWHGHU,OWQHLGYROOKROWHGDV*HUlW]XUFN XQGGLULJLHUWHHV]XP+HLOLJWXP$XFKGLH+WHUKDWWHQGLH:RUWHYHUQRPPHQ
ZDUHQDXVLKUHQ+lXVHUQJHVWU]WXQG]RJHQQXQJHUDGHGHQ9RUKDQJ]XU6HLWH 'DQQVDQNHQVLHYRU0RULW]DXIGLH.QLHGHUQXQGLH6WHOOHYRQ0D[HLQQDKP *XFN\KDWWHGHQ$XVWDXVFKLQGHU1DFKWSHU7HOHSRUWDWLRQYROO]RJHQ ³'LH %UGHU EHWHQ GRFK WDWVlFKOLFK ]X HLQHP 5RERWHU EHPHUNWH HU QXQ PLELOOLJHQG ³6LHK ]X GD GX LKQHQ GDV EDOG DEJHZ|KQVW )UDP GDV LVW GRFK PHQVFKHQXQZUGLJ 'HU+DOEPXWDQWOlFKHOWH]ZLHVSlOWLJ ³'DV VFKRQ DEHU WXQ ZLU GDV QLFKW LQ :LUNOLFKNHLW DOOH QXU LQ HLQHU DQGHUHQ )RUP"*HQDXEHVHKHQLVWGRFKGLH7HFKQLNXQVHU*RWWXQGMHGHV:RUWGDVHLQH 3RVLWURQLNVDJWLKU(YDQJHOLXP6LFKHUZLUELOGHQXQVHLQVLH]XEHKHUUVFKHQ LQ:LUNOLFKNHLWLVWHVDEHUJHQDXXPJHNHKUW'DVHUNHQQWPDQHUVWULFKWLJZHQQ PDQ-DKUHRKQHVLHJHOHEWKDWVRZLHLFK ³,UJHQGZLHKDVWGXVFKRQUHFKWJDEGHU0DXVELEHUQDFKGHQNOLFK]XGRFKGDQQ ]XFNWHHUPLWGHQ6FKXOWHUQ³2KQHVLHJHKWHVDEHUDXFKZLHGHUQLFKWQXUPLW LKUHU+LOIHN|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|KH 'RUW KLHOW HU VLFK GXUFK /HYLWDWLRQ LQ GHU 6FKZHEH EHUVDK GLH JHVDPWH6]HQHXQGZDUWHWHDE )UDP%RUXQNDPDXVVHLQHP=HOWXPIDWHVHLQHQ6RKQXQGIORJGDQQGLHVPDO IU DOOH VLFKWEDU ]XP 9HUVDPPOXQJVSODW] 'RUW ZDUHQ VFKRQ IDVW DOOH HUZDFKVHQHQ 7DOEHZRKQHU DQJHNRPPHQ GLH OHW]WHQ 1DFK]JOHU DXV GHP KLQWHUHQ 7DO KDVWHWHQ DXI LKQ ]X 'DV JHQJWH GHU ,OW VSUDQJ ]XP +HLOLJWXP ]XUFNXQGZLQNWHGHP5RERWHU³.RPP UXQWHU0RULW]HVLVWVRZHLW'HLQHQ 7H[WNHQQVWGXMDVDJLKQP|JOLFKVWIHLHUOLFKDXIZLHHVHLQHP*RWW]XNRPPW DEJHKWGLH3RVW 'HU(UZDFKWH*RWWHUVFKLHQDXVGHP1LFKWVXUSO|W]OLFKLQPLWWHQGHU0HQVFKHQ YRQ/XUXSGLHVLFKGHPWLJYRULKPYHUQHLJWHQ³)UFKWHWHXFKQLFKWVDJWHHU JHWUDJHQXQGKREZLHVHJQHQGEHLGH$UPHXQGGDQQEHJDQQHUPLWVHLQHU5HGH (UYHUNQGHWHGHQ(QWVFKOXVHLQHU0LWJ|WWHUYRUHUVWQLFKWPLWLKUHQVLOEHUQHQ )DKU]HXJHQQDFK/XUXS]XNRPPHQZHLOHVLQLKUHP5HLFKDQGHUHZLFKWLJHUH $XIJDEHQJHEH$XFKHUVHOEVWPWHVHLQ9RONQXQYHUODVVHQXPPLWLKQHQ]X
ZLUNHQGRFKDQVHLQHU6WHOOHZUGHQDQGHUHNRPPHQ*|WWHUERWHQJOHLFK)UDP %RUXQGHULKQHQDXFKZHLWHUKLQ]XU6HLWHVWHKHQVROOWH ³6LHZHUGHQHXFKLQYLHOHPKHOIHQEHIROJWLKUHQ5DWDOVREHVGHUPHLQHZlUH ,FKODVVHPHLQHQ6HJHQEHUHXFK]XUFNDXFKZHQQLFKMHW]WYRQHXFKVFKHLGHQ PX HQGHWH 0RULW] VDOEXQJVYROO 'DV ZDU GDV 6WLFKZRUW IU *XFN\ GHU XQVLFKWEDU KLQWHU LKP VWDQG HU XPIDWH GHQ 5RERWN|USHU XQG ZHLWHWH GDV 'HIOHNWRUIHOG EHU LKQ DXV 0RULW] HQWVFKZDQG GHQ %OLFNHQ GHU JHEDQQW VWDUUHQGHQ0HQVFKHQXQGGHU0DXVELEHUWHOHSRUWLHUWHPLWLKP]XU6:$//2: KLQEHU ³$OOHV JHODXIHQ %XOO\ WHLOWH HU GLHVHP GDQQ EHU )XQN PLW ³LFK KDEH GHQ /XUXSHUQ HLQH SHUIHNWH *|WWHUVFKDX JHERWHQ )UDP %RUXQ NDQQ DOVR ZHLWHUPDFKHQZLHELVKHUPLWYRUVLFKWLJHU(QWZLFNOXQJVKLOIHYRQXQV ³$OVRGRFKQRFKHLQKDOEZHJVJXWHV(QGHQXU$WODQZLUGIUXVWULHUWVHLQZHLOHV QXQ HLQH /FNH LQ VHLQHQ *HKHLPVWDWLRQHQ JLEW ,FK KDEH GLH 7UDQVSRUWHU EULJHQVVFKRQ]XUFNJHVFKLFNWXQGDXFKZLUZHUGHQEDOGVWDUWHQN|QQHQ9RQ 7HUUDLVWHLQ:DFKNUHX]HUXQWHUZHJVGHUKLHULP6\VWHPEOHLEHQVROO ³1XUQLFKWVRHLOLJ'LFNHUZDQGWH*XFN\HLQ³LFKEOHLEHQRFKELV]XU1DFKW KLHU XQWHQ (UVWHQV PX LFK QRFKPDO PLW %RUXQ UHGHQ XQG GDQQ LVW GD QRFK HWZDVGRFKGDVHU]lKOHLFKGLUVSlWHUQRFK (UVFKDOWHWHDEYHUOLHGDV6FKLIIXQGSIOFNWHWHOHNLQHWLVFKHLQKDOEHV'XW]HQG )UFKWH GLH HU VLFK PXQGHQ OLH 'DQDFK QDKP HU 0D[ LQ $XJHQVFKHLQ GRFK GLHVHU ZDU ZLUNOLFK QXU QRFK EHVVHUHU 6FKURWW 0RULW] GDJHJHQ NRQQWH QRFK MDKUHODQJGXUFKKDOWHQXQGPLWGHPQHXHQ3URJUDPP)UDPHLQZHUWYROOHU+HOIHU VHLQ 'RFK GDV DOOHV ZDU QXU %HVFKlIWLJXQJVWKHUDSLH GHU ,OW HVSHUWH ]XZHLOHQ VWHOOWHDEHULPPHUZLHGHUIHVWGDGHU+DOEPXWDQWEHVFKlIWLJWZDU (UPXWHGHQ7DOEHZRKQHUQ(UOlXWHUXQJHQLQEH]XJDXIGLH³*|WWHUJHEHQXQG HU HQWOHGLJWH VLFK GLHVHU $XIJDEH PLW YLHO *HVFKLFN 'HU ULFKWLJH 0DQQ DP ULFKWLJHQ 3ODW] GDFKWH *XFN\ ]XIULHGHQ GDQQ VFKOR HU GLH $XJHQ XQG JDE 0RULW]2UGHULKQEHL6RQQHQXQWHUJDQJ]XZHFNHQ'DKDWWHHVDEHUEHUHLWV]X UHJQHQEHJRQQHQHVZXUGHIUKGXQNHOGRFKGDVZDUGHP0DXVELEHUQXUUHFKW 6REDOG /\D XQG GLH EHLGHQ 0lGFKHQ VFKOLHIHQ VSUDQJ HU KLQEHU LQV =HOW XQG NHKUWHPLW%RUXQXQGVHLQHQ6RKQ]XUFN (LQH .XJHOODPSH OHXFKWHWH GLH QXQ JHVFKORVVHQH /XIWVFKOHXVH DXV XQG *XFN\ QLFNWH GHP -XQJHQ ]X ³'X ZROOWHVW PLFK VHKHQ GDV KDEH LFK DXV GHLQHQ *HGDQNHQJHOHVHQXQGQXQHUIOOHLFKGLUGLHVHQ:XQVFK=XIULHGHQ" 5H[ EHWUDFKWHWH LKQ RKQH MHGH 6FKHX VHLQH $XJHQ VWUDKOWHQ ³,FK KDEH GHLQH $QZHVHQKHLW JHVSUW DOV GHU DQJHEOLFKH (UZDFKWH *RWWHUVFKLHQGRFKLFKZDU ]XZHLWZHJ-HW]WHUNHQQHLFKDXFKZDVGXGHQNVWQXQDEHUQLFKWPHKUZHLO GX GLFK GDJHJHQ VSHUUVW 'DV PX LFK DXFK QRFK OHUQHQ DEHU VR JXW ZLH GX ZHUGHLFKZRKOQLHVHLQ *XFN\ ]HLJWH HUKHLWHUW VHLQHQ 1DJH]DKQ ³'X GHQNVW GDUDQ HLQPDO /XUXS ]X YHUODVVHQ ZHLO GX QHXJLHULJ GDUDXI ELVW ZLH HV EHL XQV GUDXHQ DXVVLHKW 6FKODJGLUGDVYRUHUVWDXVGHP.RSIXQGKLOIVWDWWGHVVHQGHLQHP9DWHUKLHUJLEW
HVLQGHQQlFKVWHQ-DKU]HKQWHQQRFKHLQH0HQJH]XWXQ,KUOHEWKLHU]ZDUUHFKW SULPLWLY GRFK GDV ZLUG VLFK QDFK XQG QDFK EHVVHUQ XQG YRU DOOHP KDEW LKU )ULHGHQ 'DV LVW PHKU ZHUW DOV YLHOH PDWHULHOOH *WHU GDV GDUIVW GX PLU XQEHVHKHQJODXEHQLFKVSUHFKHDXVODQJHU(UIDKUXQJ8QGMHW]WNRPPPLWPLU LQGLH.DELQH)UDPGRUWOLHJWHLQLJHVIUGLFKGDVLFKGLUQRFKQlKHUHUNOlUHQ PX %RUXQQLFNWHXQGIROJWHLKPGRFKGULQQHQJDEHVQLFKWV]XVHKHQ'DIUVFKXI *XFN\ QXQ HLQH WHOHSDWKLVFKH 6SHUUH XQG VDJWH HUQVW ³'DV ZDU QXU HLQH $XVUHGHGDPLWLFKGLFKXQDXIIlOOLJYRUGHLQHPNHVVHQ.QDEHQZDUQHQNDQQ(U KlOWVLFKLPMXJHQGOLFKHQ/HLFKWVLQQIUYLHOEHVVHUDOVHULVWXQGKDWVFKRQMHW]W GLH $EVLFKW VLFK VSlWHU LQ HLQHV GHU 6FKLIIH ]X VFKOHLFKHQ GLH KLHU ODQGHQ ZHUGHQ(UZLOOKLQDXVLQGLHJURH:HOWXQGDKQWQLFKWGDHUGRUWWURW]VHLQHU *DEHQJHZDOWLJDXIGLH1DVHIDOOHQPX3DDOVRJXWDXILKQDXI$UWLVW )UDP%RUXQQLFNWHHUQHXW ³0DFKGLUGHVZHJHQNHLQH6RUJHQGDVZHLLFKOlQJVWZHLOLFKMDDXFKVHLQH *HGDQNHQOHVHQNDQQ'LH.LQGHUPHLQHQLPPHUNOJHUDOVLKUH(OWHUQ]XVHLQ SIHLIHQDXIGHUHQ(UIDKUXQJXQGZROOHQLKUH)HKOHUVHOEVWPDFKHQ%HL5H[ZLUG HVMHGRFKDXINHLQHQ)DOOVRZHLWNRPPHQGHQQQDFKGHP*ODXEHQPHLQHU/HXWH KDEHQ LKQ GLH *|WWHU ]XP NQIWLJHQ +HUUVFKHU EHU GDV 7DO EHVWLPPW 'LHVHP 5XINDQQHUVLFKQLFKWHQW]LHKHQXQGGDVZLUGHUDXFKHLQVHKHQZHQQHUHWZDV lOWHUJHZRUGHQLVW 0LFK ]LHKW MHGHQIDOOV QLFKWV PHKU QDFK GUDXHQ LFK IKOH PLFK KLHU KHLPLVFK XQGZHUGHDOOHVWXQPHLQHP9RON]XHLQHPEHVVHUHQ/HEHQ]XYHUKHOIHQ8QG GDEHLEUDXFKHLFKQLFKWV]XEHUVWU]HQ²]ZDUNDQQLFKQLHVRDOWZHUGHQZLH GXDEHULFKKDEHLPPHUKLQQRFKUXQG/HEHQVMDKUHYRUPLU (1'(