Edgar Rice Burroughs JOHN CARTER VOM MARS
Die Prinzessin vom Mars SCIENCE FICTION CLASSIC #1 Urplötzlich auf den Mars g...
159 downloads
1432 Views
1MB Size
Report
This content was uploaded by our users and we assume good faith they have the permission to share this book. If you own the copyright to this book and it is wrongfully on our website, we offer a simple DMCA procedure to remove your content from our site. Start by pressing the button below!
Report copyright / DMCA form
Edgar Rice Burroughs JOHN CARTER VOM MARS
Die Prinzessin vom Mars SCIENCE FICTION CLASSIC #1 Urplötzlich auf den Mars geworfen, sieht sich John Carter als Gefangener der grünen Menschen von Thark. Bei ihm ist Dejah Thoris, die wunderschöne Prinzessin von Helium. Doch zwischen ihnen und ihrer Rettung liegen eintausend Meilen unbekannter Gefahren und todbringender Feinde.
Edgar Rice Burroughs
Die Prinzessin vom Mars JOHN CARTER VOM MARS BAND 1
1996 by KRANICHBORN VERLAG ISBN: 3-930040-41-7
ebook 2003 by BOOKZ 'R' US
Dieses Ebook ist nicht zum Verkauf bestimmt!
'HU$XWRU (GJDU 5LFH %XUURXJKV LVW HLQHU GHU SRSXOlUVWHQ $XWRUHQ GHU :HOW 2KQH YRUKHULJH (UIDKUXQJ DOV $XWRU VFKULHE HU LP -DKUH VHLQHQ HUVWHQ 5RPDQ 'LH 3ULQ]HVVLQ YRP 0DUV ,Q GHQ IROJHQGHQ -DKUHQ ELV ]X VHLQHP 7RGH LP -DKUH VFKULHE %XUURXJKV %FKHUXQGHLQH8QPHQJH.XU]JHVFKLFKWHQXQG$UWLNHO 2EZRKODPEHVWHQEHNDQQWDOV6FK|SIHUGHVNODVVLVFKHQ 7DU]DQ YRQ GHQ $IIHQ XQG -RKQ &DUWHU YRP 0DUV ZDUHQ VHLQHU UDVWORVHQ 9RUVWHOOXQJVNUDIW NHLQH *UHQ]HQ JHVHW]W %XUURXJKV SURGXNWLYH )HGHU EHZHJWH VLFK YRP $PHULNDQLVFKHQ:HVWHQ]XPSULPLWLYHQ$IULNDXQGZHLWHU ]XURPDQWLVFKHQ$EHQWHXHUQDXIGHP0RQGGHQ3ODQHWHQ XQGVRJDUMHQVHLWVGHUIHUQVWHQ6WHUQH 1LHPDQG ZHL ZLH YLHOH ([HPSODUH YRQ %XUURXJKV %FKHUQ LQ GHU JDQ]HQ :HOW YHU|IIHQWOLFKW ZXUGHQ 9RUVLFKWLJJHVFKlW]WPXGLHVH$Q]DKOLQEHUEHNDQQWH 6SUDFKHQEHUVHW]WLQKXQGHUWH0LOOLRQHQJHKHQ +LQ]X]lKOHQPXPDQQRFKGLH9LHO]DKOYRQ&RPLFV .LQR XQG )HUQVHK¿OPHQ GHUHQ *UXQGODJH GLH 5RPDQH %XUURXJKV ELOGHQ
(GJDU5LFH%XUURXJKV
'LH3ULQ]HVVLQYRP0DUV $XVGHP$PHULNDQLVFKHQEHUVHW]WYRQ)UDQ]LVND:LOOQRZ 7LWHOGHU2ULJLQDODXVJDEH $35,1&(662)0$56
$XÀDJH E\.5$1,&+%2519(5/$*/(,3=,* IUGLHHLQ]LJEHUHFKWLJWH$XVJDEH LQGHXWVFKHU6SUDFKH
&RS\ULJKW)5$1.$0816(<&203$1< $OOULJKWVE\(GJDU5LFH%XUURXJKV,QF7DU]DQD&DOLIRUQLD
&29(5$57('*$55,&(%85528*+6,QF &29(5$57E\-2%-86.2 ,QFOXVLYH9RUVDW] /$<287E\)5$1.1(8%$8(5
,6%1
9^XQ\d F_bg_bd 1eVTU^8WU\^f_^1bYj_^Q 4YU6\eSXdTUcD_dU^ =UY^U1^[e^VdQeVTU]=Qbc 5Y^7UVQ^WU^Ub 9SXU^d[_]]U]UY^U]GQSXXe^T 5Y^;Q]`VRUYTU]YSX6bUe^TUVQ^T ;Y^TUbUbjYUXe^WQeVTU]=Qbc 5Y^UXRcSXU7UVQ^WU^Uf_]8Y]]U\ 9SXUb\Ub^UTYUC`bQSXU ;y]`VUbe^T1^VXbUb =Yd4UZQXDX_bYc 5Y^]Yd=QSXdQecWUcdQddUdUb7UVQ^WU^Ub
% ! " "' #' $& %" %) &' '% (! )% ! % !!# !"" !#% !$' !&! !'" !') !(& !)) "!# ""' "#& "$' "%% "&% "'$
(5%XUURXJKV-RKQ&DUWHUYRP0DUV
F_bg_bd
'HP/HVHUGLHVHU6HLWHQ
,FK JODXEH HLQLJH :RUWH ]X +DXSWPDQQ &DUWHUV DXHUJHZ|KQOLFKHU 3HUV|QOLFKNHLW VDJHQ ]X PVVHQ ZHQQ LFK ,KQHQQXQVHLQEHPHUNHQVZHUWHV0DQXVNULSWYRUOHJH 0HLQHHUVWHQ(ULQQHUXQJHQDQLKQVWDPPHQDXVGHQ0RQDWHQ GLHHUNXU]YRU$XVEUXFKGHV%UJHUNULHJHVLQPHLQHP(OWHUQKDXV LQ9LUJLQLDYHUEUDFKWH2EZRKOLFKGDPDOVJHUDGHIQI-DKUHDOW ZDUNDQQLFKJXWPLFKDQGHQKRFKJHZDFKVHQHQEDUWORVHQXQG DWKOHWLVFKHQ0DQQHULQQHUQGHQLFK2QNHO-DFNQDQQWH (UVFKLHQLPPHUJXWHU'LQJH]XVHLQXQGEHWHLOLJWHVLFKDQGHQ 6SLHOHQGHU.LQGHUPLWGHUVHOEHQ$XIJHVFKORVVHQKHLWZLHHUVLH GHQ9HUJQJXQJHQVHLQHU$OWHUVJHQRVVHQXQG$OWHUVJHQRVVLQQHQ HQWJHJHQEUDFKWH $XFK NRQQWH HU JDQ]H 6WXQGHQ EHL PHLQHU *URPXWWHUVLW]HQXQGLKUYRQVHLQHPVHOWVDPHQZLOGHQ/HEHQ LQDOOHQ7HLOHQGHU:HOWHU]lKOHQ:LUDOOHOLHEWHQLKQXQGXQVHUH 6NODYHQEHWHWHQI|UPOLFKGHQ%RGHQDQGHQHUEHWUDW (UZDUHLQHVHKUPlQQOLFKH(UVFKHLQXQJJXW]ZHL=ROOEHU VHFKV)XJURPLWEUHLWHQ6FKXOWHUQVFKPDOHQ+IWHQXQGGHU
(5%XUURXJKV-RKQ&DUWHUYRP0DUV +DOWXQJ GHV GXUFKWUDLQLHUWHQ 6ROGDWHQ (U KDWWH UHJHOPlLJH PDUNDQWH *HVLFKWV]JH XQG VFKZDU]HV NXU]JHVFKQLWWHQHV +DDU XQG GLH VWDKOJUDXHQ $XJHQ YHUULHWHQ HLQHQ VWDUNHQ XQG EHVWlQGLJHQ &KDUDNWHU YROOHU /HLGHQVFKDIW XQG 8QWHUQHKPXQJVJHLVW 0LW VHLQHQ PDNHOORVHQ 8PJDQJVIRUPHQ XQGVHLQHU(OHJDQ]YHUN|USHUWHHUGHQKRFKJHELOGHWHQ*HQWOHPDQ GHU6GVWDDWHQ 6HLQH 5HLWNXQVW EHVRQGHUV EHL GHU 7UHLEMDJG VRUJWH VRJDU KLHU LP /DQG GHU HUVWNODVVLJHQ 5HLWHU IU $XIVHKHQ XQG %HZXQGHUXQJ2IWK|UWHLFKZLHPHLQ9DWHULKPXQJH]JHOWHQ /HLFKWVLQQYRUZDUIGRFKHUODFKWHQXUXQGPHLQWHGDGDV3IHUG QRFKQLFKWJHERUHQVHLGDVLKQDEZHUIHQXQGW|WHQNRQQWH %HL$XVEUXFKGHV.ULHJHVYHUOLHHUXQVXQGLFKVDKLKQHUVW QDFK IQI]HKQ VHFK]HKQ -DKUHQ ZLHGHU 6HLQH 5FNNHKU NDP XQHUZDUWHWXQGHVEHUUDVFKWHPLFKVHKUGDHURIIHQVLFKWOLFK LQNHLQHU:HLVHJHDOWHUWZDUXQGlXHUOLFKXQYHUlQGHUWVFKLHQ ,Q *HVHOOVFKDIW ZDU HU ZLH LPPHU GHU RULJLQHOOH XQG OXVWLJH 0HQVFK GHQ ZLU YRQ IUKHU NDQQWHQ :lKQWH HU VLFK LQGHV DOOHLQVWDUUWHHUVWXQGHQODQJLQGHQ+LPPHOGDV*HVLFKWYROOHU 6HKQVXFKWXQGWUDXULJHU5HVLJQDWLRQ$XFKGHV1DFKWVNRQQWHHU RIWVRVLW]HQXQGQDFKREHQEOLFNHQZRKLQHUIXKULFKHUVWDOV LFK-DKUHVSlWHUGLHVHV0DQXVNULSWODV (U HU]lKOWH XQV GD HU QDFK GHP .ULHJ HLQH =HLWODQJ LQ $UL]RQD DXI *ROGVXFKH JHJDQJHQ ZDU XQG QLFKW RKQH (UIROJ 'DYRQ ]HXJWH GLH XQEHJUHQ]WH 0HQJH DQ *HOG EHU GLH HU YHUIJWH:LHVHLQ/HEHQLQGLHVHQ-DKUHQLPHLQ]HOQHQYHUODXIHQ ZDUGDUEHUKOOWHHUVLFKLQGHVLQ6FKZHLJHQ
(5%XUURXJKV-RKQ&DUWHUYRP0DUV (WZD HLQ -DKU ODQJ EOLHE HU EHL XQV XQG JLQJ GDQQ QDFK 1HZ
(5%XUURXJKV-RKQ&DUWHUYRP0DUV ZDU $OV LFK GHQ 0LHWVWDOOEHVLW]HU EDW PLFK ]X +DXSWPDQQ &DUWHU]XEULQJHQHUZLGHUWHGLHVHUGDHUIDOOVLFKHLQ)UHXQG GHV +DXSWPDQQHV VHL HLQH VHKU VFKOHFKWH 1DFKULFKW IU PLFK KDEH'HU+DXSWPDQQVHLKHXWHPRUJHQNXU]QDFK7DJHVDQEUXFK YRP:lFKWHUGHVDQJUHQ]HQGHQ*UXQGVWFNHVWRWDXIJHIXQGHQ ZRUGHQ 6HOWVDPHUZHLVHEHUUDVFKWHPLFKGDVQLFKW'RFKHLOWHLFKVR VFKQHOOZLHP|JOLFK]XVHLQHP+DXVXPPLFKXPGHQ/HLFKQDP XQGGLHEULJHQ$QJHOHJHQKHLWHQ]XNPPHUQ ,FKIDQGGHQ:lFKWHUGHULKQHQWGHFNWKDWWH]XVDPPHQPLW GHP3ROL]HLFKHIGHV2UWHVXQGHLQLJHQ2UWVEHZRKQHUQLQGHP NOHLQHQ$UEHLWV]LPPHUYRU'HU:DFKSRVWHQEHULFKWHWHNXU]ZLH HU GHQ7RWHQ DXIJHIXQGHQ KDWWH GHU QDFK VHLQHQ:RUWHQ QRFK ZDUPZDUDOVHUDXILKQVWLH(UODJGHU/lQJHQDFKLP6FKQHH GLH$UPHEHUGHQ.RSILQ5LFKWXQJGHV8IHUVDXVJHVWUHFNWXQG DOVGHU0DQQPLUGLH6WHOOH]HLJWH¿HOPLUDXIGDHVHEHQMHQHU 3ODW]ZDUYRQZRLFKLKQLQMHQHQ1lFKWHQPLWDXVJHVWUHFNWHQ $UPHQLQGHQ+LPPHOKDWWHVWDUUHQVHKHQ 'HU.|USHUWUXJNHLQH$Q]HLFKHQYRQ*HZDOWXQGPLW+LOIH GHV2UWVPHGL]LQHUVNDPGLH/HLFKHQVFKDXNRPPLVVLRQVFKQHOO]X GHU(QWVFKHLGXQJGDGHU7RGGXUFK+HU]YHUVDJHQHLQJHWUHWHQ ZDU$OOHLQJHODVVHQ|IIQHWHLFKGHQ6DIHXQGGXUFKVW|EHUWHGLH 6FKXEODGH LQ GHU LFK QDFK VHLQHQ :RUWHQ GLH $QZHLVXQJHQ ¿QGHQZUGH6LHZDUHQWHLOZHLVHUHFKWPHUNZUGLJGRFKKDWWH LFK LKQHQ ELV LQV OHW]WH 'HWDLO VR JHQDX ZLH P|JOLFK )ROJH ]X OHLVWHQ (URUGQHWHDQVHLQHQ/HLFKQDPRKQH(LQEDOVDPLHUXQJQDFK 9LUJLQLD ]X EHUIKUHQ XQG LQ HLQHP RIIHQHQ 6DUJ LQ HLQHP
(5%XUURXJKV-RKQ&DUWHUYRP0DUV *UDEPDOEHL]XVHW]HQGDVHUVFKRQ]XYRUKDWWHHUULFKWHQODVVHQ XQGGDVZLHLFKVSlWHUHUIXKUJXWEHOIWHWZDU'HQ9HUIJXQJHQ ]XIROJH PXWH LFK SHUV|QOLFK GDIU VRUJHQ GD GLHV JHQDX VR GXUFKJHIKUWZXUGHZLHHUHVYHUODQJWHZHQQQ|WLJVRJDUXQWHU *HKHLPKDOWXQJ 6HLQ (LJHQWXP VROOWH ZLH IROJW YHUWHLOW ZHUGHQ =XQlFKVW VROOWHQ PLU QXU GLH (LQNQIWH GHU QlFKVWHQ -DKUH ]XIDOOHQ VSlWHU GHU JHVDPWH 1DFKOD 'LH ZHLWHUHQ $QZHLVXQJHQ EH]RJHQVLFKDXIGDV0DQXVNULSWGDVLFKVRZLHLFKHVYRUIDQG -DKUH ODQJ YHUVLHJHOW XQG XQJHOHVHQ DXIEHZDKUHQ VROOWH DXFKVROOWHLFKGHQ,QKDOWIUKHVWHQV-DKUHQDFKVHLQHP7RGH YHU|IIHQWOLFKHQ 'DV *UDEPDO LQ GHP VHLQ /HLFKQDP QRFK UXKW EHVLW]W HLQH %HVRQGHUKHLW 'LH PDVVLYH 7U LVW PLW HLQHP ULHVLJHQ YHUJROGHWHQ 6FKQDSSVFKOR YHUVHKHQ GDV QXU YRQ LQQHQ JH|IIQHWZHUGHQNDQQ
+RFKDFKWXQJVYROO ,KU(GJDU5LFH%XUURXJKV
(5%XUURXJKV-RKQ&DUWHUYRP0DUV
1eVTU^8WU\^f_^1bYj_^Q
,FK ELQ VHKU DOW ZLH DOW ZHL LFK QLFKW 0|JOLFKHUZHLVH HLQKXQGHUWP|JOLFKHUZHLVHlOWHUDEHULFKNDQQHVQLFKWJHQDX VDJHQGHQQLFKELQQLHJHDOWHUWZLHDQGHUH0l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lOOH QLFKW HUNOlUHQ LFK NDQQ QXU PLW GHQ :RUWHQ HLQHV HLQIDFKHQ 6ROGDWHQ MHQH VHOWVDPHQ *HVFKHKQLVVH DXI]HLFKQHQ GLH PLU ZlKUHQG GHU ]HKQ -DKUH ZLGHUIXKUHQDOVPHLQOHEORVHU.|USHUXQHQWGHFNWLQHLQHU+|KOH LQ$UL]RQDODJ
(5%XUURXJKV-RKQ&DUWHUYRP0DUV ,FK KDEH GLHVH *HVFKLFKWH QRFK QLH HU]lKOW DXFK VROO NHLQ 6WHUEOLFKHU GLHVHV 0DQXVNULSW ]X *HVLFKW EHNRPPHQ EHYRU LFK LQ GLH (ZLJNHLW DEJHUXIHQ ZRUGHQ ELQ ,FK ZHL GD GHU PHQVFKOLFKH9HUVWDQGVHLQH*UHQ]HQKDWXQGLFKP|FKWHQLFKW YRQGHUgIIHQWOLFKNHLWGHU.LUFKHXQGGHU3UHVVHDQJHSUDQJHUW XQG DOV /JHQEDURQ KLQJHVWHOOW ZHUGHQ ZHQQ LFK QXU GLH :DKUKHLW HU]lKOH GLH GLH:LVVHQVFKDIW HLQPDO EHZHLVHQ ZLUG :DKUVFKHLQOLFK ZHUGHQ GLH $QUHJXQJHQ GLH LFK DXI GHP 0DUV HUKLHOW XQG GDV :LVVHQ GDV LFK LQ GLHVHU *HVFKLFKWH QLHGHUVFKUHLEHGHUHLQVWGDEHLKHOIHQGLH*HKHLPQLVVHXQVHUHV 6FKZHVWHUQSODQHWHQ EHVVHU ]X YHUVWHKHQ 'LQJH GLH IU GLFK UlWVHOKDIW VLQG IU PLFK LQGHV QLFKWV 8QHUNOlUOLFKHV PHKU DQ VLFKKDEHQ 0HLQ 1DPH LVW -RKQ &DUWHU DEHU PDQ NHQQW PLFK HKHU DOV +DXSWPDQQ-DFN&DUWHUDXV9LUJLQLD$P(QGHGHV%UJHUNULHJHV EHIDQG LFK PLFK LP %HVLW] YRQ HLQLJHQ KXQGHUWWDXVHQG .RQI|GHULHUWHQGROODUXQGHLQHP2I¿]LHUVSDWHQWGHU.DYDOOHULH HLQHU$UPHH GLH HV QLFKW PHKU JDE DOV 'LHQHU HLQHV 6WDDWHV PLW GHP GLH +RIIQXQJHQ GHV 6GHQV XQWHUJHJDQJHQ ZDUHQ 2KQH HLQHQ 9RUJHVHW]WHQ RKQH HLQHQ 3IHQQLJ LQ GHU 7DVFKH XQG GD GHU .DPSI YRUEHL ZDU RKQH HLQH 0|JOLFKNHLW PLU PHLQHQ /HEHQVXQWHUKDOW ]X YHUGLHQHQ EHVFKOR LFK PLFK QDFK 6GZHVWHQ GXUFK]XVFKODJHQ XQG ]X YHUVXFKHQ PHLQ YHUORUHQJHJDQJHQHV*OFNGXUFK*ROGVXFKHZLHGHU]XHUODQJHQ *HPHLQVDP PLW HLQHP DQGHUHQ 2I¿]LHU GHU 6GVWDDWHQ +DXSWPDQQ -DPHV . 3RZHOO DXV 5LFKPRQG ZDU LFK IDVW HLQ -DKUXQWHUZHJV:LUKDWWHQVHKUJURHV*OFNGHQQQDFKYLHOHQ 6FKZLHULJNHLWHQ XQG (QWEHKUXQJHQ PDFKWHQ ZLU (QGH GHV
(5%XUURXJKV-RKQ&DUWHUYRP0DUV :LQWHUVGLHJU|WH*ROGDGHUDXV¿QGLJZLHZLUVLHXQVLQ XQVHUHQNKQVWHQ7UlXPHQQLFKWDXVJHPDOWKDWWHQ3RZHOOYRQ VHLQHU$XVELOGXQJQDFK%HUJEDXLQJHQLHXUVWHOOWHIHVWGDZLU LQQHUKDOEYRQNQDSSGUHL0RQDWHQ(U]LP:HUWYRQEHUHLQHU 0LOOLRQ'ROODUIUHLJHOHJWKDWWHQ 'D XQVHUH$XVUVWXQJ lXHUVW PDQJHOKDIW ZDU EHVFKORVVHQ ZLUGDVLFKHLQHUYRQXQVLQ]LYLOLVLHUWH*HJHQGHQDXIPDFKHQ VROOWH XP GLH Q|WLJHQ 0DVFKLQHQ ]X HUZHUEHQ XQG HLQH DXVUHLFKHQGH$Q]DKOYRQ0lQQHUQDQ]XKHXHUQXPGHQ$EEDX ULFKWLJ]XEHWUHLEHQ 'D VLFK 3RZHOO LP /DQG DXVNDQQWH XQG ZXWH ZHOFKH 0DVFKLQHQIUGHQ%HUJEDXQRWZHQGLJZDUHQKLHOWHQZLUHVIUV EHVWHZHQQHUVLFKDXIGHQ:HJEHJDE,FKVROOWHLQ]ZLVFKHQDP 2UWEOHLEHQGDPLWQLFKW]XIlOOLJHLQXPKHU]LHKHQGHU*ROGVXFKHU YRQGHP/DQG%HVLW]HUJULII $P0lU]EHOXGHQ3RZHOOXQGLFK]ZHLXQVHUHU(VHO PLW 3URYLDQW:LU YHUDEVFKLHGHWHQ XQV HU VD DXI XQG EHJDQQ PLWGHP$EVWLHJLQV7DOGXUFKGDVLKQGHUHUVWH7HLOVHLQHU5HLVH IKUWH :LH IDVW DOOH 9RUPLWWDJVVWXQGHQ LQ $UL]RQD ZDU DXFK GHU 0RUJHQ VHLQHU$EUHLVH NODU XQG VFK|Q LFK NRQQWH 3RZHOO XQG GLH NOHLQHQ /DVWWLHUH EHREDFKWHQ ZLH VLH VLFK LKUHQ :HJ GHQ %HUJDEKDQJ LQV 7DO KLQDEEDKQWHQ 6LH ZDUHQ GHQ JDQ]HQ 9RUPLWWDJEHUJHOHJHQWOLFK]XVHKHQZHQQVLHHLQH%HUJNXSSH HUNORPPHQRGHUHLQÀDFKHV3ODWHDXEHUTXHUWHQ*HJHQGUHL8KU QDFKPLWWDJVVDKLFK3RZHOO]XPOHW]WHQ0DODOVHUVLFKLQGHQ 6FKDWWHQGHV*HELUJVNDPPHVDXIGHUDQGHUHQ7DOVHLWHEHJDE (WZDHLQHKDOEH6WXQGHVSlWHUEOLFNWHLFK]XIlOOLJLQV7DOXQG ZDUVHKUEHUUDVFKWGLHGUHLNOHLQHQ3XQNWHDQJHQDXMHQHU6WHOOH
(5%XUURXJKV-RKQ&DUWHUYRP0DUV ]X¿QGHQZRLFKPHLQHQ)UHXQGXQGGLH]ZHL/DVWWLHUH]XOHW]W DXVJHPDFKWKDWWH,FKQHLJHQLFKWGD]XPLUXQQW]H*HGDQNHQ ]XPDFKHQGRFKMHPHKULFKPLFK]XEHU]HXJHQYHUVXFKWHGD PLW3RZHOODOOHVLQ2UGQXQJVHLXQGGDGLHGUHL3XQNWHGLHLFK DXIGHP:HJJHVHKHQKDWWH$QWLORSHQRGHU:LOGSIHUGHZDUHQ GHVWRXQUXKLJHUZXUGHLFK6HLWZLUXQVLQGHP/DQGDXIKLHOWHQ KDWWHQZLUQLFKWHLQHQIHLQGOLFKHQ,QGLDQHUJHVHKHQXQGZDUHQ GHP]XIROJHlXHUVWVRUJORVJHZRUGHQ6RSÀHJWHQZLUXQVEHU GLHXQ]lKOLJHQ*HVFKLFKWHQOXVWLJ]XPDFKHQGLHZLUEHUGLH QLHGHUWUlFKWLJHQ 3OQGHUHU YHUQRPPHQ KDWWHQ ZHOFKH EHUDOO LKU8QZHVHQWUHLEHQVROOWHQ$QJHEOLFKVROOWHMHGHU:HLHGHU LQLKUH+lQGH¿HOGLH%HJHJQXQJPLWVHLQHP/HEHQRGHUPLW )ROWHUXQJEH]DKOHQ :LH LFK ZXWH ZDU 3RZHOO JXW EHZDIIQHW XQG DXHUGHP HUIDKUHQLP.DPSIPLW,QGLDQHUQ$EHUDXFKLFKKDWWHMDKUHODQJ XQWHU GHQ 6LRX[ LP 1RUGHQ JHOHEW XQG PLU ZDU NODU GD HU JHJHQEHU HLQHU *UXSSH KLQWHUOLVWLJHU $SDFKHQ NDXP HLQH &KDQFH KDWWH 6FKOLHOLFK NRQQWH LFK GLH 8QJHZLKHLW QLFKW OlQJHU HUWUDJHQ EHZDIIQHWH PLFK PLW PHLQHQ ]ZHL &ROWV XQG HLQHP*HZHKUVWUHLIWHPLU]ZHL3DWURQHQJXUWHEHU¿QJPHLQ 5HLWSIHUGHLQXQG ULWWGHQ 3IDG KLQDEGHQ 3RZHOODP0RUJHQ JHQRPPHQKDWWH 6REDOGLFKYHUKlOWQLVPlLJHEHQHQ%RGHQHUUHLFKWKDWWHWULHE LFK PHLQ 3IHUG DQ XQG ¿HO LQ NXU]HQ *DORSS ZR GHU :HJ HV ]XOLHELVLFKNXU]YRU(LQEUXFKGHU'lPPHUXQJDQGLH6WHOOH NDPZRVLFKGHQ6SXUHQ3RZHOOVQRFKDQGHUH]XJHVHOOWHQ(V ZDUHQ$EGUFNHGUHLHUXQEHVFKODJHQHU0XVWDQJV
(5%XUURXJKV-RKQ&DUWHUYRP0DUV 'LHVHQIROJWHLFKXQYHU]JOLFKELVHVGXQNHOZXUGHXQGLFK JH]ZXQJHQ ZDU DXI GDV$XIJHKHQ GHV 0RQGHV ]X ZDUWHQ 6R IDQG LFK =HLW ]X EHUOHJHQ RE HV UDWVDP ZDU GLH9HUIROJXQJ IRUW]XVHW]HQ 9LHOOHLFKW KDWWH LFK PLU XQP|JOLFKH *HIDKUHQ HLQJHUHGHWZLHHLQQHUYHQVFKZDFKHVDOWHV:HLEKROWHLFKGDQQ 3RZHOOHLQZUGHHUEHUPHLQH%HIUFKWXQJHQJHZLKHU]KDIW ODFKHQ 'HQQRFK ELQ LFK QLFKW VRQGHUOLFK HPS¿QGVDP XQG HV ZDU VFKRQ LPPHU PHLQH /HEHQVPD[LPH JHZHVHQ PHLQHP 3ÀLFKWJHIKO)ROJH]XOHLVWHQZRDXFKLPPHUHVPLFKKLQIKUHQ P|JH 'DV PDJ GLH $XV]HLFKQXQJHQ YRQ GUHL 5HSXEOLNHQ HUNOlUHQ GLH 2UGHQ XQG GLH )UHXQGVFKDIW HLQHV DOWHQ XQG PlFKWLJHQ.DLVHUVXQGHLQLJHUNOHLQHUHU.|QLJHLQGHUHQ'LHQVW VLFKPHLQ6FKZHUWVRPDQFKH0DOHURWJHIlUEWKDWWH *HJHQ QHXQ VFKLHQ GHU 0RQG JHQJHQG KHOO XP GHQ :HJ IRUW]XVHW]HQ ,FK NRQQWH XQVFKZHU VFKQHOOHQ 6FKULWWHV XQG VWHOOHQZHLVH LP ÀRWWHQ 7UDE GHU 6SXU IROJHQ ELV LFK JHJHQ 0LWWHUQDFKWXQHUZDUWHW]XMHQHU:DVVHUVWHOOHNDPDQGHU3RZHOO VHLQ /DJHU DXIVFKODJHQ ZROOWH ,FK IDQG VLH PHQVFKHQOHHU XQG NHLQHUOHL+LQZHLVGDKLHUNU]OLFKMHPDQGJHODJHUWKDWWH 0LU¿HODXIGDGLH9HUIROJHUGHUHQNRQQWHLFKPLUQXQVLFKHU VHLQGHQ6SXUHQQDFK]XXUWHLOHQ3RZHOOQDFKQXUNXU]HP+DOW DQGHU:DVVHUVWHOOHLPJOHLFKHQ7HPSRQDFKJHULWWHQZDUHQ 'D IU PLFK IHVWVWDQG GD HV $SDFKHQ ZDUHQ GLH 3RZHOO OHEHQG JHODQJHQ QHKPHQ ZROOWHQ XP LKU JUDXVDPHV 6SLHO PLWLKP]XWUHLEHQXQGLKQ]XTXlOHQWULHELFKPHLQ3IHUG]X HLQHP K|FKVW JHIlKUOLFKHQ *DORSS DQ XQG KRIIWH WURW] DOOHU $XVVLFKWVORVLJNHLWGLHURWHQ%DQGLWHQHLQ]XKROHQEHYRUVLHLKQ DQJULIIHQ
(5%XUURXJKV-RKQ&DUWHUYRP0DUV 0HLQH0XWPDXQJHQZXUGHSO|W]OLFKGXUFKGHQVFKZDFKHQ :LGHUKDOO ]ZHLHU 6FKVVH ZHLW YRU PLU XQWHUEURFKHQ ,FK ZXWH GD 3RZHOO ZHQQ EHUKDXSW PLFK MHW]W EUDXFKWH XQG KHW]WH PHLQ 3IHUG LQ VFKQHOOVWHP 7HPSR GHQ VFKPDOHQ XQG XQZHJVDPHQ*HELUJVSDKLQDXI ,FKKDWWHYLHOOHLFKWHLQH0HLOHPKVDPKLQWHUPLFKJHEUDFKW RKQHZHLWHUH/DXWH]XYHUQHKPHQDOVGHU3IDGSO|W]OLFK]XHLQHU NOHLQHQ(EHQHNXU]XQWHUKDOEGHV*LSIHOVIKUWH,FKZDUJHUDGH GXUFK HLQH VFKPDOH EHUKlQJHQGH 6FKOXFKW JHULWWHQ XQG GHU $QEOLFNGHUVLFKPHLQHQ$XJHQQXQERWEHVWU]WHXQGHQWVHW]WH PLFK]XWLHIVW 'DVNOHLQH/DQGVWFNZDUZHLYRQ,QGLDQHUWLSLVXQGHWZD IQIKXQGHUW .ULHJHU KDWWHQ VLFK LQ GHU 0LWWH GHV /DJHUV XP HWZDVYHUVDPPHOWGDVLKUH$XIPHUNVDPNHLWGHUDUWLQ$QVSUXFK QDKPGDVLHPLFKQLFKWEHPHUNWHQ,FKKlWWHPLFKSUREOHPORV LQ GLH 'XQNHOKHLW GHU 6FKOXFKW ]XUFN]LHKHQ XQG XQEHKHOOLJW HQWNRPPHQN|QQHQ'LH7DWVDFKHGDPLUGLHVHU*HGDQNHHUVW DP)ROJHWDJNDPPDFKWMHJOLFKHQ$QVSUXFK]XQLFKWHDOV+HOG ]X JHOWHQ ZR]X PLFK GLH 6FKLOGHUXQJ GLHVHV =ZLVFKHQIDOOV DQGHUQIDOOVEHUHFKWLJWH ,FK JODXEH QLFKW GD LFK DXV GHP +RO] JHPDFKW ELQ DXV GHP +HOGHQ JHIRUPW ZHUGHQ GD LFK PLFK LQ GHQ +XQGHUWHQ YRQ )lOOHQ EHL GHQHQ PHLQ VSRQWDQHV +DQGHOQ PLFK PLW GHP 7RG NRQIURQWLHUWH QLFKW DQ HLQ HLQ]LJHV 0DO HULQQHUQ N|QQWH ZRPLUHLQHDQGHUH0|JOLFKNHLWQLFKWHUVWHLQLJH6WXQGHQVSlWHU HLQ¿HO :DKUVFKHLQOLFK LVW PHLQ 9HUVWDQG VR DQJHOHJW GD LFK PLFKJDQ]LQVWLQNWLYPRUDOLVFKULFKWLJYHUKDOWHRKQHHUPGHQGH
(5%XUURXJKV-RKQ&DUWHUYRP0DUV 'HQNSUR]HVVH ]X GXUFKODXIHQ :LH DXFK LPPHU LFK KDEH QLH EHGDXHUWNHLQ)HLJOLQJVHLQ]XN|QQHQ ,Q GLHVHP )DOO ZDU LFK PLU VLFKHU GD VLFK 3RZHOO LP 0LWWHOSXQNWGHV*HVFKHKHQVEHIDQGDEHURELFK]XHUVWEHUOHJWH RGHUKDQGHOWHZHLLFKQLFKWLQGHP0RPHQWDOVVLFKPHLQHQ $XJHQGLH6]HQHGDUERWKDWWHLFKMHGHQIDOOVEHUHLWVGLH5HYROYHU JH]RJHQ XQG VWUPWH VFKQHOO VFKLHHQG XQG DXV YROOHU /XQJH VFKUHLHQGDXIGLH.ULHJHUVFKDU]X6RJDQ]DOOHLQKlWWHLFKNHLQH EHVVHUH7DNWLNYHUIROJHQN|QQHQGHQQGLH5RWKlXWHEHU]HXJW YRQHLQHPUHJXOlUHQ5HJLPHQWDQJHJULIIHQ]XZHUGHQZDQGWHQ VLFKXPXQGVWU]WHQLQDOOH5LFKWXQJHQ]XLKUHQ3IHLOHQ%|JHQ XQG*HZHKUHQ 'HU $QEOLFN GHU VLFK PLU QDFK LKUHP EHUVWU]WHQ 'DYRQVWUPHQ ERW HUIOOWH PLFK PLW (QWVHW]HQ XQG :XW ,P KHOOHQ6FKHLQGHV0RQGHVYRQ$UL]RQDODJ3RZHOOV.|USHUVFKLHU JHVSLFNWYRQIHLQGOLFKHQ3IHLOHQ,FKPXWHGDYRQDXVJHKHQGD HUEHUHLWVWRWZDUXQGZHQQLFKLKQVFKRQQLFKWYRUGHP7RGH UHWWHQNRQQWHZROOWHLFKVHLQHQ.|USHUYRUGHU9HUVWPPHOXQJ GXUFKGLH$SDFKHQUHWWHQ,FKULWWGLFKWDQLKQKHUDQJULIIQDFK VHLQHP3DWURQHQJXUWXQG]RJLKQYRUPLFKDXIV3IHUG(LQ%OLFN QDFKKLQWHQEHU]HXJWHPLFKGDHVJHIlKUOLFKHUZDUDXIGHP :HJ ]XUFN]XNHKUHQ GHQ LFK JHNRPPHQ ZDU DOV ZHLWHU EHU GDV)ODFKODQG]XUHLWHQ$OVRJDELFKPHLQHPDUPHQ3IHUGGLH 6SRUHQXQGVWUPWHDXIGHQ3D]XGHVVHQ%HJLQQLFKDXIGHU JHJHQEHUOLHJHQGHQ6HLWHGHV)ODFKODQGHVHUNHQQHQNRQQWH ,Q]ZLVFKHQKDWWHQGLH,QGLDQHUHQWGHFNWGDLFKDOOHLQZDU XQGQDKPHQÀXFKHQGPLW3IHLO%RJHQXQG*HZHKUNXJHOQGLH 9HUIROJXQJDXI'DHVVFKZLHULJLVWLP0RQGOLFKWZLUNXQJVYROO
(5%XUURXJKV-RKQ&DUWHUYRP0DUV ]X]LHOHQGLH,QGLDQHUPHLQHVXQYHUPXWHWHQ$XIWDXFKHQVZHJHQ HPS|UW ZDUHQ XQG LFK PLFK VHKU VFKQHOO EHZHJWH YHUIHKOWHQ PLFK GLH ]DKOUHLFKHQ IHLQGOLFKHQ *HVFKRVVH XQG LFK KDWWH GLH 6FKDWWHQ GHU %HUJH HUUHLFKW EHYRU HLQH JHRUGQHWH 9HUIROJXQJ RUJDQLVLHUWZHUGHQNRQQWH 0HLQ 3IHUG EHZHJWH VLFK SUDNWLVFK IKUHUORV GD LFK ZXWH GDHVGHQ3IDG]XP3DZDKUVFKHLQOLFKRKQHPLFKHKHU¿QGHQ ZUGHXQGVRJHVFKDKHVGDZLULQHLQHQ+RKOZHJHLQERJHQ GHU]XP*LSIHOGHU*HELUJVNHWWHIKUWHXQGQLFKW]XGHP3D GHUPLFKZLHLFKJHKRIIWKDWWHLQV7DOXQGLQ6LFKHUKHLWEULQJHQ ZUGH :DKUVFKHLQOLFK KDEH LFK DEHU JHUDGH GLHVHU 7DWVDFKH PHLQ /HEHQ XQG GLH EHPHUNHQVZHUWHQ (UIDKUXQJHQ XQG $EHQWHXHU]XYHUGDQNHQGLHPLULQGHQIROJHQGHQ]HKQ-DKUHQ ]XWHLOZXUGHQ 'D LFK DXI GHP IDOVFKHQ :HJ ZDU NDP PLU HUVW ]X %HZXWVHLQDOVGLH6FKUHLHGHU9HUIROJHUZHLWKLQWHQ]XPHLQHU /LQNHQPLWHLQHPPDOLPPHUVFKZlFKHUZXUGHQ 0LUZXUGHNODUGDVLHDQGHU]HUNOIWHWHQ*HVWHLQVIRUPDWLRQ DP5DQGGHV3ODWHDXVQDFKOLQNVJHULWWHQZDUHQZlKUHQGPHLQ 3IHUGPLFKXQG3RZHOOQDFKUHFKWVJHWUDJHQKDWWH $QHLQHPNOHLQHQÀDFKHQ9RUJHELUJHYRQGHPPDQGHQ3IDG XQWHQ XQG ]X PHLQHU /LQNHQ EHUEOLFNHQ NRQQWH ]RJ LFK GLH =JHO DQ XQG EHREDFKWHWHGLH ZLOGHQ9HUIROJHU ZLH VLH KLQWHU GHU6SLW]HGHVEHQDFKEDUWHQ%HUJHVYHUVFKZDQGHQ ,FKZXWHGLH,QGLDQHUZUGHQEDOGEHPHUNHQGDVLHDXIGHU IDOVFKHQ)lKUWHZDUHQXQGGLH6XFKHLQGHUULFKWLJHQ5LFKWXQJ DXIQHKPHQVREDOGVLHPHLQH6SXUHQJHIXQGHQKDWWHQ
(5%XUURXJKV-RKQ&DUWHUYRP0DUV 1XUHLQNXU]HV6WFNVSlWHUEHJDQQEHLHLQHUKRKHQ)HOVZDQG HLQ RIIHQVLFKWOLFK JXW EHJHKEDUHU 3IDG (U ZDU HEHQ ]LHPOLFK EUHLW XQG IKUWH OHLFKW DQVWHLJHQG LQ GLH 5LFKWXQJ LQ GLH LFK ZROOWH =X PHLQHU 5HFKWHQ UDJWH GHU )HOVHQ HLQLJH KXQGHUW )XLQGLH+|KHDXIGHUDQGHUHQ6HLWHEHIDQGVLFKHLQHNOHLQH )HOVVFKOXFKW ,FKIROJWHGLHVHP:HJHLQLJHKXQGHUW
(5%XUURXJKV-RKQ&DUWHUYRP0DUV )XKRFK'HU%RGHQZDUJODWWXQGDEJHZHW]WXQGYLHOHVZLHV GDUDXI KLQ GD GLH +|KOH YRU ODQJHU =HLW EHZRKQW JHZHVHQ ZDU'HUKLQWHUH7HLOODJVRLP'XQNHOQGDLFKQLFKWHUNHQQHQ NRQQWHREHVQRFKDQGHUH.DPPHUQJDE :lKUHQG LFK PHLQH (UNXQGXQJ IRUWVHW]WH IKOWH LFK HLQH DQJHQHKPH 6FKOlIULJNHLW EHU PLFK NRPPHQ GLH LFK GHU (UPGXQJGXUFKGHQODQJHQXQGDQVWUHQJHQGHQ5LWWVRZLHGHU $XIUHJXQJ GHV .DPSIHV XQG GHU 9HUIROJXQJ ]XVFKULHE ,FK IKOWHPLFKDQPHLQHPJHJHQZlUWLJHQ6WDQGRUWYHUKlOWQLVPlLJ VLFKHUGDLFKZXWHGDVHOEVWHLQHLQ]HOQHUGHQ+|KOHQHLQJDQJ JHJHQHLQHJDQ]H$UPHH]XYHUWHLGLJHQYHUPRFKWH %DOGZXUGHLFKVRPGHGDLFKGHPVWDUNHQ:XQVFKNDXP ZLGHUVWHKHQ NRQQWH PLFK IU HLQLJH $XJHQEOLFNH KLQ]XOHJHQ XQGDXV]XUXKHQDEHULFKZXWHGDLFKGHPQLFKWQDFKJHEHQ NRQQWH GD GDV GHQ VLFKHUHQ 7RG YRQ GHQ +lQGHQ PHLQHU URWKlXWLJHQ)UHXQGHEHGHXWHWKlWWHGLHMHGHQ0RPHQWEHLPLU VHLQNRQQWHQ0LWOHW]WHU.UDIWVWUHEWHLFKGHP+|KOHQDXVJDQJ ]XXPEHQRPPHQJHJHQHLQH:DQG]XWDXPHOQXQG]X%RGHQ ]XVLQNHQ
(5%XUURXJKV-RKQ&DUWHUYRP0DUV
4YU6\eSXdTUcD_dU^
,FK EHIDQG PLFK LQ HLQHP N|VWOLFKHQ 7UDXP]XVWDQG PHLQH 0XVNHOQ HQWVSDQQWHQ VLFK XQG LFK ZDU GUDXI XQG GUDQ GHP 9HUODQJHQ ]X VFKODIHQ QDFK]XJHEHQ DOV +XIJHWUDSSHO DQ PHLQH 2KUHQ GUDQJ ,FK ZROOWH DXIVWHKHQ GRFK ]X PHLQHP (QWVHW]HQ YHUVDJWHQ GLH 0XVNHOQ PHLQHP :LOOHQ GHQ 'LHQVW $XJHQEOLFNOLFK ZDU LFK KHOOZDFK DEHU LFK NRQQWH PLFK QLFKW EHZHJHQ DOV VHL LFK YHUVWHLQHUW 1XQ EHPHUNWH LFK DXFK ]XP HUVWHQ0DOGDHLQOHLFKWHU1HEHOVFKOHLHULQGHU+|KOHKLQJ(U ZDUlXHUVWIHLQXQGQXUJHJHQGDV7DJHVOLFKW]XHUNHQQHQGDV GXUFKGHQ+|KOHQDXVJDQJKHUHLQ¿HO'DQQVWLHJPLUHLQOHLFKW EHLHQGHU *HUXFK LQ GLH 1DVH XQG LFK NRQQWH QXU DQQHKPHQ GDLFKYRQHLQHPJLIWLJHQ*DVEHUZlOWLJWZRUGHQZDU:DUXP LFK DEHU PHLQH JHLVWLJHQ )lKLJNHLWHQ EHLEHKLHOW XQG PLFK QXU QLFKWEHZHJHQNRQQWHZDUPLUVFKOHLHUKDIW ,FK ODJ GHP +|KOHQDXVJDQJ JHJHQEHU YRQ ZR DXV LFK ELV ]X GHP )HOVHQ VHKHQ NRQQWH DQ GHP GHU :HJ DEERJ 'DV +XIJHWUDSSHO ZDU YHUNOXQJHQ LFK VFKlW]WH GLH ,QGLDQHU SLUVFKWHQ VLFK XQDXIIlOOLJ GHQ )HOVYRUVSUXQJ HQWODQJ GHU ]X PHLQHP *UDE IKUWH ,FK HQWVLQQH PLFK GD LFK KRIIWH VLH ZUGHQNXU]HQ3UR]HPLWPLUPDFKHQGDPLUGHU*HGDQNHDQ
(5%XUURXJKV-RKQ&DUWHUYRP0DUV GLHXQ]lKOLJHQ'LQJHQLFKWVRQGHUOLFKEHKDJWHGLHVLHPLUDQWXQ ZUGHQZHQQLKQHQGDQDFKZDU 6R EUDXFKWH LFK DXFK QLFKW ODQJH ]X ZDUWHQ ELV PLFK HLQ OHLVHV*HUlXVFKYRQLKUHU$QZHVHQKHLWLQ.HQQWQLVVHW]WH'DQQ OXJWHHLQ*HVLFKWPLW.ULHJVEHPDOXQJXQGHLQHU$UW)HGHUVWXW] EHUGHQ)HOVUDQGXQGZLOGH$XJHQKHIWHWHQVLFKDXIPLFK,FK NRQQWHVLFKHUVHLQGDHUPLFKLPWUEHQ/LFKWGHU+|KOHVHKHQ NRQQWH GHQQ GLH 0RUJHQVRQQH ¿HO GXUFK GHQ +|KOHQHLQJDQJ YROODXIPLFK $QVWHOOHVLFKPLU]XQlKHUQEOLHEGHU.HUOVWHKHQXQGJORW]WH PLFK RIIHQHQ 0XQGHV DQ 'DQQ WDXFKWH HLQ ZHLWHUHV ZLOGHV *HVLFKW HLQ GULWWHV YLHUWHV XQG IQIWHV DXI XQG DOOH UHFNWHQ GLH+lOVHEHUGLH6FKXOWHUQLKUHU9RUGHUPlQQHUDQGHQHQVLH DXI GHP VFKPDOHQ )HOVVLPV QLFKW YRUEHLNDPHQ -HGHV *HVLFKW VSLHJHOWH(KUIXUFKWXQG$QJVWZDUXPHUIXKULFKHUVW]HKQ-DKUH VSlWHU 'D VLFK KLQWHU LKQHQ QRFK DQGHUH .ULHJHU EHIDQGHQ ZXUGH GDUDQ GHXWOLFK GD GLH$QIKUHU GHQ KLQWHQ 6WHKHQGHQ HWZDV]XUDXQWHQ 3O|W]OLFK GUDQJ HLQ OHLVHV DEHU GHXWOLFKHV 6W|KQHQ DXV GHP KLQWHUHQ 7HLO GHU +|KOH XQG DOV GLH ,QGLDQHU HV YHUQDKPHQ IXKUHQ VLH DQJVWYROO KHUXP XQG VWU]WHQ YRQ SDQLVFKHP (QWVHW]HQ JHSDFNW GDYRQ ,KUH )OXFKW YRU GHP XQEHNDQQWHQ :HVHQKLQWHUPLUYHUOLHIGHUDUWEHUVWU]WGDHLQHUGHU.ULHJHU NRSIEHUYRQGHU.OLSSHLQGLHIHOVLJH7LHIHJHVFKOHXGHUWZXUGH .XU]H=HLWZDULP&DQRQQRFKGDV(FKRLKUHUZLOGHQ6FKUHLH]X YHUQHKPHQGDQQZDUZLHGHUDOOHVUXKLJ 'DV6W|KQHQGDVVLHHUVFKUHFNWKDWWHZLHGHUKROWHVLFKQLFKW DEHUHVJHQJWHPLFK9HUPXWXQJHQEHUGLHP|JOLFKH*HIDKU
(5%XUURXJKV-RKQ&DUWHUYRP0DUV DQVWHOOHQ]XODVVHQGLHLQGHU)LQVWHUQLVKLQWHUPLUODXHUWH$QJVW LVWHLQUHODWLYHU%HJULII'DEHLNDQQLFKPHLQH(PS¿QGXQJHQ]X MHQHP=HLWSXQNWQXUGDUDQPHVVHQZDVLFKLQYRUKHUJHKHQGHQ JHIlKUOLFKHQ 6LWXDWLRQHQ HUOHEW KDWWH XQG ZDV LFK VHLWGHP GXUFKJHPDFKW KDEH 'HQQRFK NDQQ LFK RKQH 6FKDP VDJHQ GD ZHQQ GDV$QJVW ZDU ZDV LFK LQ GHQ IROJHQGHQ 0LQXWHQ HPSIDQGQXU*RWWGHP)HLJOLQJKHOIHQNDQQGHQQ)HLJKHLWLVW JDQ]JHZLHLQH6WUDIH )UHLQHQ0DQQGHUHVJHZRKQWZDUVHLQ/HEHQXQWHU(LQVDW] DOOHU .UlIWH ]X YHUWHLGLJHQ VWHOOWH GLH 7DWVDFKH GD HU ZLH JHOlKPWXQGGHQ5FNHQHLQHUVFKUHFNOLFKHQXQGXQEHNDQQWHQ *HIDKU ]XJHZDQGW GDODJ QDFKGHP HLQ HLQ]LJHV *HUlXVFK GLH JUDXVDPHQ $SDFKHQNULHJHU SDQLNDUWLJ GDYRQVWU]HQ OLH lKQOLFKHLQHU6FKDIKHUGHGLHZLHYRQ6LQQHQYRUHLQHP5XGHO :|OIHÀLHKWHWZDVQLH'DJHZHVHQHVGDU (LQLJH0DOHJODXEWHLFKGDVLFKKLQWHUPLUHWZDVYRUVLFKWLJ EHZHJH DEHU VFKOLHOLFK K|UWH DXFK GDV DXI XQG LFK ZXUGH RKQHZHLWHUH6W|UXQJPHLQHQ*HGDQNHQEHUODVVHQ,FKNRQQWH GHQ *UXQG PHLQHU /lKPXQJ QXU HUUDWHQ XQG PHLQH HLQ]LJH +RIIQXQJODJGDULQGDVLHVRSO|W]OLFKYRUEHUJHKHQPRFKWH ZLHVLHPLFKEHIDOOHQKDWWH $PVSlWHQ1DFKPLWWDJWURWWHWHPHLQ3IHUGGDVJH]JHOWYRU GHU +|KOH JHVWDQGHQ KDWWH RIIHQVLFKWOLFK DXI GHU 6XFKH QDFK )XWWHUXQG:DVVHUODQJVDPGHQ3IDGKLQDEVRGDLFKPLWGHP JHKHLPQLVYROOHQ XQEHNDQQWHQ *HIlKUWHQ XQG GHP /HLFKQDP PHLQHV)UHXQGHVDOOHLQEOLHEGHUIUPLFKJHUDGHQRFKVLFKWEDU GRUWODJZRLFKLKQDPIUKHQ0RUJHQKLQJHOHJWKDWWH
(5%XUURXJKV-RKQ&DUWHUYRP0DUV 9RQGDDQZDUELVHWZDXP0LWWHUQDFKW7RWHQVWLOOH'DQQGUDQJ GDVIXUFKWHLQÀ|HQGH6W|KQHQYRP9RUPLWWDJHUQHXWDQPHLQH 2KUHQDXFKK|UWHLFKZLHVLFKLP'XQNHOQHWZDVEHZHJWHXQG VFKZDFKZLHZHONHV/DXEUDVFKHOWH'DPHLQH1HUYHQRKQHGLHV VWDUNDQJHJULIIHQZDUHQEHNDPLFKHLQHQIUFKWHUOLFKHQ6FKUHFN 0LWEHUPHQVFKOLFKHU.UDIWYHUVXFKWHLFKPHLQHHQWVHW]OLFKHQ )HVVHOQ ]X VSUHQJHQ 0HLQ 9HUVWDQG PHLQ :LOOH XQG PHLQH 1HUYHQPKWHQVLFKDEQLFKWMHGRFKGLH0XVNHOQGHQQREZRKO LFKPLFKLP9ROOEHVLW]PHLQHU.|USHUVWlUNHEHIDQGNRQQWHLFK QLFKWHLQPDOGHQNOHLQHQ)LQJHUEHZHJHQ'DQQJDEHWZDVQDFK PLU ZXUGH NXU] EHO HLQ VFKDUIHV .OLFNHQ ZLH GDV =HUUHLHQ YRQ6WDKOGUDKWZDU]XK|UHQXQGLFKVWDQGPLWGHP5FNHQ]XU :DQGGDV*HVLFKWGHPXQEHNDQQWHQ)HLQG]XJHZDQGW 0RQGOLFKW EHUÀXWHWH GLH +|KOH XQG YRU PLU HUEOLFNWH LFK PLFK VHOEVW ZLH LFK LQ DOO GLHVHQ 6WXQGHQ GDJHOHJHQ KDEHQ PXWHGHQ%OLFNVWDUU]XP+|KOHQDXVJDQJJHULFKWHWGLH+lQGH VFKODII DXI GHP %RGHQ OLHJHQG bXHUVW EHVWU]W VFKDXWH LFK ]XHUVW DXI GHQ OHEORVHQ .OXPSHQ GDQQ DQ PLU KHUXQWHU GHQQ GRUWZDULFKEHNOHLGHWXQGKLHUVWDQGLFKQDFNWZLH]XU6WXQGH PHLQHU*HEXUW 'LH 9HUZDQGOXQJ ZDU VR SO|W]OLFK XQG XQHUZDUWHW YRQ VLFK JHJDQJHQGDLFKIUHLQHQ$XJHQEOLFNQXUDQPHLQHVHOWVDPH 0HWDPRUSKRVH GDFKWH$OV HUVWHV IUDJWH LFK PLFK RE GHU 7RG GHQQ VR YHUODXIH ,FK ZDU ZRKO ZLUNOLFK IU LPPHU DXV GLHVHU :HOWJHJDQJHQ,QGHVNRQQWHLFKGDVQLFKWUHFKWJODXEHQGDPHLQ +HU] QDFK PHLQHQ$QVWUHQJXQJHQ PLFK YRQ GHU EHWlXEHQGHQ /lKPXQJ]XEHIUHLHQJHJHQGLH5LSSHQKlPPHUWH,FKDWPHWH LQVFKQHOOHQNXU]HQ6W|HQNDOWHU6FKZHLWUDWDXVDOOHQ3RUHQ
(5%XUURXJKV-RKQ&DUWHUYRP0DUV LFKNQLIIPLFKLQGHQ$UPXQGGLHVHUXUDOWH7ULFNYHUULHWPLU GDLFKDOOHVDQGHUHDOVHLQ*HVSHQVWZDU (UQHXW ]RJ GLH 8PJHEXQJ PHLQH$XIPHUNVDPNHLW DXI VLFK GDVLFKGDVXQKHLPOLFKH6W|KQHQZLHGHUKROWHGDVDXVGHQ7LHIHQ GHU+|KOHGUDQJ1DFNWXQGXQEHZDIIQHWZLHLFKZDUYHUVSUWH LFK QLFKW GHQ JHULQJVWHQ :XQVFK PLFK GHU XQEHNDQQWHQ %HGURKXQJ]XVWHOOHQ 0HLQH 5HYROYHU ZDUHQ QRFK DQ PHLQHP OHEORVHQ .|USHU IHVWJHVFKQDOOW GHQ LFK DEHU DXV UlWVHOKDIWHP *UXQG QLFKW ]X EHUKUHQ YHUPRFKWH 0HLQ *HZHKU EHIDQG VLFK LQ GHU +OOH DP6DWWHODEHUGDPHLQ3IHUGZHJJHWUDEWZDUVWDQGLFKRKQH :DIIHGD'LHHLQ]LJH0|JOLFKNHLWEHVWDQGGDULQ]XÀLHKHQXQG PHLQH (QWVFKHLGXQJ ZDU JHIDOOHQ DOV LFK HUQHXW GDV 5DVFKHOQ YHUQDKP PLW GHP GDV :HVHQ DXV GHU 'XQNHOKHLW LQ PHLQHU ZLOGHQ3KDQWDVLHDXIPLFK]XNURFK ,FK NRQQWH GHU 9HUVXFKXQJ QLFKW OlQJHU ZLGHUVWHKHQ YRQ GLHVHP HQWVHW]OLFKHQ 2UW ]X ÀLHKHQ XQG VSUDQJ VFKQHOO GXUFK GHQ$XVJDQJ LQ GDV 6WHUQHQOLFKW GHU NODUHQ 1DFKW 'LH UHLQH IULVFKH *HELUJVOXIW ZLUNWH ZLH HLQ 6WlUNXQJVPLWWHO LFK IKOWH ZLHPLFKQHXH/HEHQVNUlIWHXQGQHXHU0XWGXUFKVWU|PWHQ$P )HOVUDQG EOLHE LFK VWHKHQ XQG VFKDOW PLFK IU PHLQH RIIHQEDU Y|OOLJ XQEHJUQGHWHQ %HIUFKWXQJHQ ,FK VDJWH PLU GD LFK VFKOLHOLFK YLHOH 6WXQGHQ KLOÀRV LQ GHU +|KOH JHOHJHQ KDWWH RKQHGDPLFKHWZDVEHOlVWLJWKDWWH0HLQHP8UWHLOVYHUP|JHQ ]XIROJHGDVQXQZLHGHUNODUXQGORJLVFK]XGHQNHQYHUPRFKWH KDWWHQ GLH /DXWH GLH LFK YHUQRPPHQ KDWWH Y|OOLJ QDWUOLFKH XQG KDUPORVH 8UVDFKHQ :DKUVFKHLQOLFK EHVD GLH +|KOH
(5%XUURXJKV-RKQ&DUWHUYRP0DUV HLQH GHUDUWLJH )RUP GD HLQ OHLFKWHU /XIW]XJ HQWVSUHFKHQGH *HUlXVFKHKHUYRUUXIHQNRQQWH 'DV ZROOWH LFK KHUDXV¿QGHQ DEHU ]XHUVW KRE LFK GHQ .RSI XP PHLQH /XQJHQ PLW GHU UHLQHQ EHOHEHQGHQ QlFKWOLFKHQ *HELUJVOXIW]XIOOHQ'DEHL¿HOPHLQ%OLFNDXIGLHZXQGHUVFK|QH /DQGVFKDIWGLHVLFKZHLWXQWHUPLUHUVWUHFNWHGLH)HOVVFKOXFKW XQGGLHZHLWHYRQ.DNWHHQEHUVlWH(EHQHGHUGDV0RQGOLFKW ]X PlUFKHQKDIWHU 3UDFKW XQG DXHUJHZ|KQOLFKHP =DXEHU YHUKDOI 1XU ZHQLJH :XQGHU GHV :HVWHQV EHJHLVWHUQ PHKU DOV HLQH /DQGVFKDIWLQ$UL]RQDPLWGHQYHUVLOEHUWHQ%HUJHQLQGHU)HUQH XQGGHQVHOWVDPHQ/LFKWHUQXQG6FKDWWHQGLHDXIGLH)HOVNlPPH XQG ]HUNOIWHWHQ $EJUQGH JHZRUIHQ ZHUGHQ 'LH EL]DUUHQ )RUPHQGHUDEZHLVHQGHQXQGGHQQRFKVFK|QHQ.DNWHHQIJHQ VLFK]XHLQHP%LOGGDVHLQHQJOHLFK]HLWLJEH]DXEHUWXQGEHOHEW DOVHUEOLFNHPDQ]XPHUVWHQ0DOHLQHYHUODVVHQHXQGYHUJHVVHQH :HOW6RVHKUXQWHUVFKHLGHWVLFK$UL]RQDYRQMHGHPDQGHUHQ2UW DXIXQVHUHU(UGH :lKUHQG LFK VR PHLQHQ *HGDQNHQ QDFKKLQJ ZDQGWH LFK GHQ %OLFN YRQ GHU /DQGVFKDIW DXI GDV )LUPDPHQW GDV PLW XQ]lKOLJHQ6WHUQHQHLQHQSUlFKWLJHQXQGSDVVHQGHQ%DOGDFKLQ IU GLH ZXQGHUYROOH 6]HQHULH DXI GHU (UGH HUJDE 0HLQH $XIPHUNVDPNHLWZXUGHEDOGYRQHLQHPJURHQURWHQ6WHUQDP IHUQHQ+RUL]RQWDXIVLFKJH]RJHQ$OVLFKLKQVDKIKOWHLFKPLFK YRQLKPEHUPlLJDQJH]RJHQ(VZDUGHU0DUVGHU.ULHJVJRWW GHUIUPLFKGHQ6ROGDWHQVFKRQLPPHUHLQHXQZLGHUVWHKOLFKH $Q]LHKXQJVNUDIW EHVD ,Q MHQHU ZHLW ]XUFNOLHJHQGHQ 1DFKW
(5%XUURXJKV-RKQ&DUWHUYRP0DUV VFKLHQHUPLFKEHUGDVXQYRUVWHOOEDUH1LFKWV]XVLFK]XUXIHQ XQGDQ]X]LHKHQZLHHLQ0DJQHWGDV(LVHQ ,FK NRQQWH PHLQHP 6HKQHQ QLFKW ZLGHUVWHKHQ VFKOR GLH $XJHQ VWUHFNWH GHP 6FKLUPKHUUHQ PHLQHV %HUXIVVWDQGHV GLH $UPH HQWJHJHQ XQG IKOWH PLFK PLW GHU 6FKQHOOLJNHLW GHV *HGDQNHQV GXUFK GLH ZHJORVH 8QHUPHOLFKNHLW GHV :HOWDOOV JH]RJHQ(VZXUGHHLQHQ0RPHQWlXHUVWNDOWXQGGXQNHO
(5%XUURXJKV-RKQ&DUWHUYRP0DUV
=UY^U1^[e^VdQeVTU]=Qbc
$OV LFK GLH$XJHQ DXIVFKOXJ XPJDE PLFK HLQH IUHPGDUWLJH XQGEL]DUUH/DQGVFKDIW,FKZXWHGDLFKPLFKDXIGHP0DUV EHIDQGXQG]ZHLIHOWHZHGHUDQPHLQHP9HUVWDQGQRFKIUDJWH LFK PLFK RE LFK VFKODIH RGHU WUlXPH ,FK ZDU KHOOZDFK XQG PXWHPLFKQLFKWHUVWLQGHQ$UP]ZLFNHQ(LQHLQQHUH6WLPPH WHLOWHPLUVRGHXWOLFKPLWGDLFKPLFKDXIGHP0DUVEHIDQG ZLHGHLQ9HUVWDQGGLUVDJWGDGXDXIGHU(UGHVWHKVW1LHPDQG VWHOOWGLHVH7DWVDFKHLQ)UDJHLFKWDWHVGDPDOVDXFKQLFKW ,FK ODJ ElXFKOLQJV DXI JHOEOLFKHQ PRRVDUWLJHQ 3ÀDQ]HQ JHEHWWHW GLH VLFK PHLOHQZHLW LQ MHGHU 5LFKWXQJ DXVEUHLWHWHQ 2IIHQVLFKWOLFK EHIDQG LFK PLFK LQ HLQHU WLHIHQ UXQGHQ %RGHQVHQNH XPJHEHQ YRQ XQJOHLFKI|UPLJHQ QLHGULJHQ +JHOQ (VZDU0LWWDJGLH6RQQHVFKLHQPLUGLUHNWLQV*HVLFKWXQG EUDQQWH DXI PHLQHU XQEHGHFNWHQ +DXW ZLH XQWHU lKQOLFKHQ 9HUKlOWQLVVHQ LQ GHU :VWH YRQ $UL]RQD +LHU XQG GD UDJWH TXDU]KDOWLJHV )HOVJHVWHLQ HPSRU GDV LP 6RQQHQOLFKW JOHLWH (WZD HLQKXQGHUW
(5%XUURXJKV-RKQ&DUWHUYRP0DUV GDV 0RRV XQG GD LFK 'XUVW KDWWH EHVFKOR LFK HLQH NOHLQH (UNXQGXQJGXUFK]XIKUHQ ,FK VSUDQJ DXI XQG HUOHEWH PHLQH HUVWH hEHUUDVFKXQJ GHQQ GLHVHOEH %HZHJXQJ GLH PLFK DXI GHU (UGH LQ GLH DXIUHFKWH +DOWXQJ JHEUDFKW KlWWH EHI|UGHUWH PLFK HWZD GUHL
(5%XUURXJKV-RKQ&DUWHUYRP0DUV $XI GHU PLU ]XJHZDQGWHQ 6HLWH JDE HV ZHGHU 7UHQ QRFK )HQVWHU DEHU GD GLH:DQG QXU YLHU )X KRFK ZDU ULFKWHWHLFK PLFK YRUVLFKWLJ DXI ZDUI HLQHQ %OLFN GDUEHU XQG VDK HWZDV GHUDUW0HUNZUGLJHVZLHLFKHVQRFKQLH]X*HVLFKWEHNRPPHQ KDWWH 'DV'DFKGHV%DXZHUNHVEHVWDQGDXVIHVWHPHWZDYLHUELVIQI =ROO GLFNHP *ODV GDUXQWHU ODJHQ HLQLJH +XQGHUW JOHLFKJURH NXJHOUXQGHXQGVFKQHHZHLH(LHUPLWHLQHP'XUFKPHVVHUYRQ HWZD]ZHLXQGHLQHPKDOEHQ)X )QI RGHU VHFKV ZDUHQ EHUHLWV DXVJHEUWHW XQG GLH JURWHVN DXVVHKHQGHQ *HVWDOWHQ GLH GRUW VDHQ XQG LQV 6RQQHQOLFKW EOLQ]HOWHQJHQJWHQXPPLFKDQPHLQHP9HUVWDQG]ZHLIHOQ]X ODVVHQ 6LH VFKLHQHQQXU DXV .|SIHQ ]X EHVWHKHQPLWNOHLQHQ PDJHUHQ .|USHUQ ODQJHQ +lOVHQ XQG VHFKV %HLQHQ RGHU ZLH LFKVSlWHUVDK]ZHL%HLQHQ]ZHL$UPHQXQGHLQHPGD]ZLVFKHQ OLHJHQGHQ3DDUYRQ*OLHGPDHQGDVQDFK:XQVFKHQWZHGHUDOV $UPHRGHU%HLQHYHUZDQGWZHUGHQNRQQWH'LH$XJHQEHIDQGHQ VLFKREHQDQGHU$XHQVHLWHGHU.|SIHXQGVWDQGHQGHUDUWKHUYRU GDVLHQDFKYRUQRGHUKLQWHQXQGDXFKXQDEKlQJLJYRQHLQDQGHU EHZHJW ZHUGHQ NRQQWHQ VR GD HV GLHVHP XQJHZ|KQOLFKHQ :HVHQRKQH'UHKXQJGHV.RSIHVP|JOLFKZDULQMHGHEHOLHELJH RGHU JDU JOHLFK]HLWLJ LQ ]ZHL YHUVFKLHGHQH 5LFKWXQJHQ ]X EOLFNHQ 'LH2KUHQHWZDVEHUGHQ$XJHQVWHKHQGDEHUHWZDVQlKHU EHLHLQDQGHU JOLFKHQ VFKDOHQDUWLJHQ $QWHQQHQ GLH EHL GLHVHQ VRHEHQ JHVFKOSIWHQ ([HPSODUHQ QLFKW PHKU DOV HLQHQ =ROO KHUYRUWUDWHQ$OV1DVHQGLHQWHQ]ZHLVHQNUHFKWH6FKOLW]HPLWWHQ LP*HVLFKW]ZLVFKHQGHP0XQGXQGGHQ2KUHQ
(5%XUURXJKV-RKQ&DUWHUYRP0DUV ,KUH .|USHU ZDU XQEHKDDUW XQG YRQ HLQHU VHKU KHOOHQ JHOEJUQHQ )lUEXQJ:LH LFK EDOG HUIDKUHQ VROOWH ZXUGHQ GLH (UZDFKVHQHQ VSlWHU GXQNHOJUQ 'LH :HLEFKHQ EOLHEHQ HWZDV KHOOHU DOV GLH 0lQQFKHQ$XHUGHP ZDU GDV *U|HQYHUKlOWQLV ]ZLVFKHQ.RSIXQG.|USHUEHLGHQ(UZDFKVHQHQDQGHUVDOVEHL GHQ.LQGHUQ 'LH $XJHQ ZDUHQ ZLH EHL GHQ $OELQRV EOXWURW GLH 3XSLOOH GXQNHO'HU$XJDSIHOVHOEVWZDUVHKUZHLZLHDXFKGDV*HEL /HW]WHUHV YHUOLHK GHP EHUHLWV IXUFKWHLQÀ|HQGHQ *HVLFKW HLQ VFKUHFNOLFKHV $XVVHKHQ GD YRQ XQWHQ ]ZHL VFKDUIH =lKQH KDXHUDUWLJ QDFK REHQ UDJWHQ XQG HWZD GRUW HQGHWHQ ZR VLFK EHLP(UGHQPHQVFKHQGLH$XJHQEH¿QGHQ 'LH =lKQH KDWWHQ QLFKW GLH )DUEH YRQ (OIHQEHLQ VRQGHUQ ZDUHQVFKQHHZHLXQGJOlQ]WHQZLH3RU]HOODQ9RUGHPGXQNOHQ +LQWHUJUXQG LKUHU ROLYIDUEHQHQ +DXW ¿HOHQ GLH 6WR]lKQH VHKU DXIXQGZLUNWHQDXVJHVSURFKHQEHGURKOLFK 'LH PHLVWHQ 'LQJH EHPHUNWH LFK HUVW VSlWHU GD LFK QXU ZHQLJ=HLWKDWWHEHUGLHXQHUNOlUOLFKHQQHXHQ(QWGHFNXQJHQ QDFK]XGHQNHQ,FKKDWWHIHVWJHVWHOOWGDGLH:LQ]OLQJHJHUDGH VFKOSIWHQXQGZlKUHQGLFKGLHHQWVHW]OLFKHQNOHLQHQ0RQVWHU GDEHL EHREDFKWHWH ZLH VLH VLFK DXV GHQ 6FKDOHQ EHIUHLWHQ HQWJLQJ PLU GD VLFK PLU YRQ KLQWHQ ]ZDQ]LJ DXVJHZDFKVHQH 0DUVEHZRKQHUQlKHUWHQ 'D VLH EHU GDV ZHLFKH XQG GlPSIHQGH 0RRV NDPHQ GDV PLW$XVQDKPHGHUYHUHLVWHQ3ROHXQGGHUZHQLJHQNXOWLYLHUWHQ *HELHWHSUDNWLVFKGLHJDQ]H0DUVREHUÀlFKHEHGHFNWHKlWWHQVLH PLFKOHLFKWJHIDQJHQQHKPHQN|QQHQGRFKWUXJHQVLHVLFKPLW
(5%XUURXJKV-RKQ&DUWHUYRP0DUV ZHLWDXV¿QVWHUHUHQ$EVLFKWHQ(VZDUGDV5DVVHOQGHU$XVUVWXQJ GHVYRUGHUVWHQ.ULHJHUVZRGXUFKLFKJHZDUQWZXUGH 0HLQ/HEHQKLQJDQHLQHPVHLGHQHQ)DGHQVRGDLFKPLFK RIW GDUEHU ZXQGHUH EHUKDXSW HQWNRPPHQ ]X VHLQ :lUH QLFKW GDV *HZHKU GHV $QIKUHUV GHU 7UXSSH DP 6DWWHOKDOIWHU KHUXPJHVFKZXQJHQ XQG JHJHQ GHQ PHWDOOEHVFKODJHQHQ 6FKDIW GHV JURHQ 6SHHUV JHVWRHQ VR KlWWH LFK PHLQ /HEHQ DXVJHKDXFKWRKQHMHHUIDKUHQ]XKDEHQZLHQDKHPLUGHU7RG ZDU$EHUGDVOHLVH*HUlXVFKOLHPLFKKHUXPIDKUHQXQGGLFKW YRU PLU NHLQH ]HKQ )X YRU PHLQHU %UXVW HUEOLFNWH LFK GLH JOlQ]HQGH0HWDOOVSLW]HHLQHVULHVLJHQ6SHHUHVYRQHWZDYLHU]LJ )X/lQJHGLHHLQEHULWWHQHV(EHQELOGGHUNOHLQHQ7HXIHOGLH LFKVRHEHQEHREDFKWHWKDWWHJHVHQNWQHEHQVLFKKLHOW $EHU ZLH ZLQ]LJ XQG KDUPORV VDKHQ GLHVH QXQ QHEHQ GHP ULHVLJHQXQGIXUFKWHLQÀ|HQGHQ,QEHJULIIYRQ+D5DFKHXQG 7RGDXV'HU0DQQVHOEHUDOVVROFKHQZLOOLFKLKQEH]HLFKQHQ PD UHLFKOLFK IQI]HKQ )X XQG KlWWH DXI GHU (UGH HWZD YLHUKXQGHUW3IXQGJHZRJHQ(UVDDXIVHLQHP5HLWWLHUZLHZLU DXI HLQHP 3IHUG NODPPHUWH VLFK PLW GHQ XQWHUHQ *OLHGPDHQ DQGHVVHQ5XPSIIHVWKLHOWPLWGHQ]ZHLUHFKWHQ+lQGHQGHQ JLJDQWLVFKHQ6SHHUÀDFKQHEHQGHP7LHUXQGVWUHFNWHGLH]ZHL OLQNHQ$UPHVHLWZlUWVDXVXPGLH%DODQFH]XKDOWHQ'DV:HVHQ GDVHUULWWWUXJZHGHU=DXPQRFK=JHOLUJHQGZHOFKHU$UW 8QG GLHVHV 5HLWWLHU HUVW :LH VROO PDQ HV PLW GHQ XQV JHJHEHQHQ:RUWHQ EHVFKUHLEHQ %LV ]XU 6FKXOWHU PD HV ]HKQ )X KDWWH DXI MHGHU 6HLWH YLHU %HLQH HLQHQ ÀDFKHQ EUHLWHQ 6FKZDQ]GHUDQGHU6SLW]HGLFNHUZDUDOVDP$QVDW]XQGHLQ
(5%XUURXJKV-RKQ&DUWHUYRP0DUV NODIIHQGHV0DXOGDVHUVWDQGHPODQJHQIHLVWHQ+DOVHQGHWHXQG GHQ.RSILQ]ZHL+lOIWHQWHLOWH :LH VHLQ 5HLWHU ZDU HV JlQ]OLFK XQEHKDDUW YRQ GHU )DUEH GXQNOHQ 6FKLHIHUV DXHURUGHQWOLFK JODWW XQG JOlQ]HQG 'HU %DXFKZDUZHLEHLGHQ%HLQHQYHUEODWHGDV*UDXGHU6FKXOWHUQ XQG+IWHQXQGJLQJDQGHQ)HQLQHLQOHEHQGLJHV*HOEEHU 'LHVHZDUHQGLFNJHSROVWHUWXQGRKQH1lJHOZDVVLFKHUOLFK]X GHPODXWORVHQ$XIWDXFKHQEHLJHWUDJHQKDWWHXQGHEHQVRZLHGLH ]DKOUHLFKHQ*OLHGPDHQHLQHFKDUDNWHULVWLVFKH(LJHQVFKDIWGHU 0DUVEHZRKQHULVW$OOHLQGDVK|FKVWHQWZLFNHOWH/HEHZHVHQXQG HLQ DQGHUHV 7LHU GDV HLQ]LJH 6lXJHWLHU DXI GHP 0DUV KDEHQ ZRKOJHIRUPWH1lJHO+XIWLHUHJLEWHVEHUKDXSWQLFKW +LQWHU GLHVHP HUVWHQ $QJUHLIHU VWDQGHQ QHXQ]HKQ ZHLWHUH GLHVLFKLQMHGHU+LQVLFKWJOLFKHQDEHUZLHLFKVSlWHUIHVWVWHOOWH HEHQIDOOV LQGLYLGXHOOH (LJHQVFKDIWHQ KDWWHQ ZLH ZLU REZRKO ZLU GRFK LQ GHUVHOEHQ :HLVH JHVFKDIIHQ ZXUGHQ 'LHVHV %LOG EHVVHU JHVDJW GLHVHU :LUNOLFKNHLW JHZRUGHQH $OSWUDXP GHQ LFK ODQJ XQG EUHLW JHVFKLOGHUW KDEH EHHLQGUXFNWH PLFK DXIV VFKUHFNOLFKVWH 8QEHZDIIQHWXQGQDFNWZLHLFKZDUNRQQWHGLHHLQ]LJP|JOLFKH /|VXQJ GHU 6SLW]H GHV DQJUHLIHQGHQ 6SHHUHV ]X HQWNRPPHQ QXU LP HUVWHQ *HVHW] GHU 1DWXU OLHJHQ 8QG ]ZDU PDFKWH LFK HLQHQVHKULUGLVFKHQXQGJOHLFK]HLWLJEHUPHQVFKOLFKHQ6DW]DXI GDV'DFKGHV,QNXEDWRUVGHQQHLQVROFKHU%UXWDSSDUDWPXWHHV PHLQHU0HLQXQJQDFKVHLQ 0HLQH %HPKXQJHQ ZXUGHQ YRQ HLQHP (UIROJ JHNU|QW GHU PLFK QLFKW ZHQLJHU DOV GLH NULHJHULVFKHQ 0DUVEHZRKQHU EHUUDVFKWH GHQQ HU EHI|UGHUWH PLFK YROOH GUHLLJ )X LQ GLH
(5%XUURXJKV-RKQ&DUWHUYRP0DUV /XIWXQGOLHPLFKHLQKXQGHUW)XYRQPHLQHQ$QJUHLIHUQDXIGHU JHJHQEHUOLHJHQGHQ6HLWHGHV%DXZHUNHVZLHGHUDXINRPPHQ 6DQIWXQGXQYHUOHW]WODQGHWHLFKDXIGHPZHLFKHQ0RRVZDQGWH PLFKXPXQGVDKPHLQH)HLQGHDXIGHUDQGHUHQ6HLWHDXIJHUHLKW VWHKHQ (LQLJH EHJXWDFKWHWHQ PLFK PLW HLQHP $XVGUXFN GHQ LFK VSlWHU DOV lXHUVWHV (UVWDXQHQ NHQQHQOHUQHQ VROOWH DQGHUH ZDUHQ DXJHQVFKHLQOLFKEHUHLWVGDPLW]XIULHGHQJHVWHOOWGD LFK GLH-XQJHQLQ)ULHGHQJHODVVHQKDWWH /HLVH EHULHWHQ VLH VLFK XQG ]HLJWHQ JHVWLNXOLHUHQG DXI PLFK 'LH (QWGHFNXQJ GD LFK GLH NOHLQHQ 0DUVPHQVFKHQ QLFKW EHOlVWLJW KDWWH XQG XQEHZDIIQHW ZDU OLH VLH ZHQLJHU ZLOG GUHLQEOLFNHQ:LHLFKVSlWHUHUIDKUHQVROOWHJHZDQQLFKLQLKUHU *XQVWYRUDOOHPGXUFKPHLQHVSRUWOLFKH'DUELHWXQJ 2EZRKOGLH0DUVEHZRKQHUVHKUJURVLQGXQGLKUH.QRFKHQ VHKU ODQJ VLQG LKUH 0XVNHOQ QXU GDIU HQWZLFNHOW GLH $Q]LHKXQJVNUDIW LKUHV 3ODQHWHQ ]X EHUZLQGHQ )ROJOLFK VLQG VLH LP 9HUKlOWQLV ]X LKUHP *HZLFKW ZHQLJHU EHZHJOLFK XQG VFKZlFKHUDOVHLQ(UGHQPHQVFKXQGLFK]ZHLÀHGDHLQHUYRQ LKQHQ ZUGH HU SO|W]OLFK ]XU (UGH JHEUDFKW LPVWDQGH ZlUH VLFK YRP %RGHQ ]X HUKHEHQ HLJHQWOLFK ELQ LFK YRQ VHLQHP 8QYHUP|JHQEHU]HXJW 0HLQ%UDYRXUVWFNVRUJWHGHP]XIROJHDXIGHP0DUVHEHQVR IU%HZXQGHUXQJZLHHVDXIGHU(UGHGHU)DOOJHZHVHQZlUH XQG DQVWHOOH PLFK XP]XEULQJHQ VDKHQ VLH LQ PLU QXQ HLQH ZXQGHUVDPH(QWGHFNXQJGLHVLHIDQJHQXQGLKUHQ$UWJHQRVVHQ ]HLJHQZROOWHQ
(5%XUURXJKV-RKQ&DUWHUYRP0DUV 'HQ $XIVFKXE GHQ PLU PHLQH XQHUZDUWHWH %HZHJOLFKNHLW YHUVFKDIIWKDWWHHUODXEWHPLU3OlQHIUGLHXQPLWWHOEDUH=XNXQIW ]XVFKPLHGHQXQGGDVbXHUHGHU.ULHJHUJHQDXHU]XEHWUDFKWHQ GHQQLFKNDPQLFKWXPKLQGLHVHPLWMHQHQ]XDVVR]LLHUHQGLH PLFKHUVWJHVWHUQYHUIROJWKDWWHQ ,FKEHPHUNWHGDMHGHUDXHUPLWGHPEHUHLWVEHVFKULHEHQHQ ULHVLJHQ 6SHHU QRFK PLW HLQLJHQ DQGHUHQ :DIIHQ DXVJHUVWHW ZDU 'LH:DIIH GLH PLFK JHJHQ HLQHQ )OXFKWYHUVXFK VWLPPWH ZDU HLQHP *HZHKU QLFKW XQlKQOLFK XQG PHLQHP *HIKO QDFK NRQQWHQVLHEHVRQGHUVJXWGDPLWXPJHKHQ 'LHVH *HZHKUH EHVWDQGHQ DXV ZHLHQ 0HWDOO XQG HLQHP .ROEHQDXVVHKUOHLFKWHPXQGDXVJHVSURFKHQKDUWHP+RO]GDV ZLH LFK VSlWHU HUIXKU DXI GHP 0DUV VHKU JHVFKlW]W ZLUG XQG XQV (UGEHZRKQHUQ JlQ]OLFK XQEHNDQQW LVW 'HQ /DXI ELOGHWH HLQH/HJLHUXQJDXV$OXPLQLXPXQG6WDKOGLHVLHVR]XKlUWHQ YHUPRFKWHQ GD VLH GLH )HVWLJNHLW GHV 6WDKOHV ZLH ZLU VLH NHQQHQZHLWEHUWULIIW'LH*HZHKUHEHVDHQHLQYHUJOHLFKVZHLVH JHULQJHV *HZLFKW GLH NOHLQHQ H[SORVLYHQ 5DGLXPJHVFKRVVH ZDUHQ DXFK LQ (QWIHUQXQJHQ ZLH VLH DXI GHU (UGH XQGHQNEDU VLQG lXHUVW JHIlKUOLFK 'LH WKHRUHWLVFKH 5HLFKZHLWH GLHVHU :DIIH EHWUXJ GUHLKXQGHUW 0HLOHQ ,Q GHU 3UD[LV ZHQQ VLH PLW LKUHQGUDKWORVHQ6XFKHUQDXVJHUVWHWZDUHQEUDFKWHQVLHHVDXI UHLFKOLFK]ZHLKXQGHUW0HLOHQ 'DV ZDU Y|OOLJ DXVUHLFKHQG PLU JURHQ 5HVSHNW IU GLHVHV 6FKLHJHUlW GHU 0DUVEHZRKQHU HLQ]XÀ|HQ XQG LUJHQGHLQH EHULUGLVFKH0DFKWPXPLFKGDYRUJHZDUQWKDEHQDPKHOOLFKWHQ 7DJHYRUGHQ0QGXQJHQ]ZDQ]LJGLHVHUWRGEULQJHQGHQ:DIIHQ GLH)OXFKWDQ]XWUHWHQ
(5%XUURXJKV-RKQ&DUWHUYRP0DUV 'LH0DUVEHZRKQHUPDFKWHQQDFKHLQHUNXU]HQ%HUDWXQJNHKUW XQGULWWHQDXHUHLQHPLQGLH5LFKWXQJDXVGHUVLHJHNRPPHQ ZDUHQ 1DFK HWZD ]ZHLKXQGHUW
(5%XUURXJKV-RKQ&DUWHUYRP0DUV ,FK OHJWH GLH +DQG DQV +HU] YHUEHXJWH PLFK WLHI LQ VHLQH 5LFKWXQJ XQG HUNOlUWH ]ZDU VHL VHLQH 6SUDFKH PLU XQEHNDQQW GRFKVHLQH+DQGOXQJVZHLVH]HXJHYRQ)ULHGHQXQG)UHXQGVFKDIW 'LHV EHGHXWH PLU JHJHQZlUWLJ VHKU YLHO 'DV 3OlWVFKHUQ HLQHV %DFKHVKlWWHLKPGLHVHOEHQ,QIRUPDWLRQHQYHUPLWWHOWZLHPHLQH :RUWH DEHU HU YHUVWDQG GLH +DQGOXQJ GLH LFK PHLQHQ:RUWHQ IROJHQOLH ,FK WUDW PLW DXVJHVWUHFNWHU +DQG DXI LKQ ]X HUJULII GDV $UPEDQG PDFKWH HV PLU REHUKDOE GHV (OOHQERJHQV DQ GHQ $UP EOLHE OlFKHOQG VWHKHQ XQG ZDUWHWH 6HLQ JURHU 0XQG ]RJVLFK]XHLQHP$QWZRUWOlFKHOQDXVHLQDQGHU(UVFKREHLQHQ $UP GHV PLWWOHUHQ 3DDUHV XQWHU GHQ PHLQHQ ZLU ZDQGWHQ XQV XP XQG EHJDEHQ XQV ]X VHLQHP 5HLWWLHU *OHLFK]HLWLJ KLH HU VHLQ *HIROJH QlKHUNRPPHQ ,Q ZLOGHP *DORSS VWUPWHQ VLH DXIXQV]XZXUGHQDEHUGXUFKHLQ=HLFKHQYRQLKPJHEUHPVW 2IIHQEDUIUFKWHWHHUPLFKGDPLWVRVHKU]XHUVFKUHFNHQGD LFKHQGJOWLJDXVVHLQHU5HLFKZHLWHVSUDQJ (UZHFKVHOWHPLWVHLQHQ0lQQHUQHLQLJH:RUWHJDEPLUGXUFK *HVWHQ ]X YHUVWHKHQ GD LFK KLQWHU HLQHP YRQ LKQHQ UHLWHQ ZUGH XQG VD DXI 'HU $QJHZLHVHQH UHLFKWH PLU ]ZHL RGHU GUHL +lQGH XQG KRE PLFK KLQWHU VLFK DXI GHQ JODWWHQ 5FNHQ VHLQHV7LHUHVZRLFKPLFKVRJXWLFKNRQQWHDQGHQ*XUWHQXQG 5LHPHQ IHVWKLHOW PLW GHQHQ GLH:DIIHQ XQG GHU 6FKPXFN GHV 0DUVEHZRKQHUVEHIHVWLJWZDUHQ ,Q]ZLVFKHQ KDWWH GLH JDQ]H 5HLKH NHKUWJHPDFKW XQG ZLU JDORSSLHUWHQDXIGLH+JHONHWWHLQGHU)HUQH]X
(5%XUURXJKV-RKQ&DUWHUYRP0DUV
5Y^7UVQ^WU^Ub
1DFK HWZD ]HKQ 0HLOHQ VWLHJ GHU %RGHQ VWHLO DQ :LH LFK VSlWHU HUIDKUHQ VROOWH QlKHUWHQ ZLU XQV GHP 5DQG HLQHV GHU OlQJVWDXVJHWURFNQHWHQ0HHUHLQGHVVHQ0LWWHPHLQ$EHQWHXHU PLWGHQ0DUVEHZRKQHUQVWDWWJHIXQGHQKDWWH %LQQHQNXU]HU=HLWEHIDQGHQZLUXQVDP)XGHV*HELUJHV +LQWHUHLQHUHQJHQ6FKOXFKWHUUHLFKWHQZLUHLQRIIHQHV7DOGDVLQ HLQHQLHGULJH+RFKHEHQHEHUJLQJ:HLWYRUXQVODJHLQHULHVLJH 6WDGW:LUULWWHQGDUDXI]XXQGDXIHLQHUYHUIDOOHQHQ6WUDHHLQ GLHNXU]GDYRUPLWWHQLP)ODFKODQGEHLHLQLJHQEUHLWHQ6WXIHQ EHJDQQ %HL QlKHUHU %HWUDFKWXQJ VDK LFK GD GLH *HElXGH REZRKO QRFK JXW HUKDOWHQ OHHU ZDUHQ 6LH VDKHQ VR DXV DOV ZlUHQ VLH VHLW -DKUHQ YLHOOHLFKW VRJDU -DKUKXQGHUWHQ XQEHZRKQW ,Q 6WDGWPLWWH EHIDQG VLFK HLQ ULHVLJHV )RUXP GDV HEHQVR ZLH GLH DQJUHQ]HQGHQ +lXVHU YRQ HWZD QHXQKXQGHUW RGHU WDXVHQG .UHDWXUHQMHQHU*DWWXQJGHUDXFKPHLQH:lFKWHUDQJHK|UWHQ EHODJHUW ZXUGH GHQQ WURW] GHU ]XYRUNRPPHQGHQ$UW PLW GHU VLHPLFKPLWJHQRPPHQKDWWHQVDKLFKPLFKQXQGRFKDOVLKUHQ *HIDQJHQHQ
(5%XUURXJKV-RKQ&DUWHUYRP0DUV $XHU 6FKPXFN WUXJHQ DOOH NHLQH .OHLGXQJ 'LH )UDXHQ XQWHUVFKLHGHQ VLFK QXU XQZHVHQWOLFK YRQ GHQ 0lQQHUQ /HGLJOLFKGLH6WR]lKQHGHUOHW]WHUHQZDUHQLP9HUKlOWQLV]XU *U|HYLHOOlQJHUXQGNUPPWHQVLFKLQHLQLJHQ)lOOHQIDVWELV ]XGHQKRFKDQJHVHW]WHQ2KUHQ'LH)UDXHQZDUHQYRQNOHLQHUHU *HVWDOWXQGEHVDHQHLQHKHOOHUH+DXWIDUEHXQGDQ)LQJHUQXQG =HKHQZDUHQQRFK5XGLPHQWHYRQ1lJHOQIHVW]XVWHOOHQGLHEHL GHQ 0lQQHUQ Y|OOLJ IHKOWHQ 'LH HUZDFKVHQHQ )UDXHQ ZDUHQ ]ZLVFKHQ]HKQELV]Z|OI)XJUR 'LH.LQGHUZDUHQQRFKYLHOKHOOHUDOVGLH)UDXHQXQGVDKHQ IUPLFKDOOHJOHLFKDXVDEJHVHKHQYRQHLQLJHQGLHJU|HUXQG ZLHLFKDQQHKPHDXFKlOWHUZDUHQ ,FK VDK NHLQHQ *UHLV XQWHU GHQ /HXWHQ DXFK JDE HV GHP bXHUHQ QDFK NHLQH QHQQHQVZHUWHQ lXHUOLFKHQ 8QWHUVFKLHGH ]ZLVFKHQ 9LHU]LJMlKULJHQ XQG (LQWDXVHQGMlKULJHQ ,Q GLHVHP $OWHUWUHWHQVLHIUHLZLOOLJLKUHOHW]WHXQJHZ|KQOLFKH3LOJHUIDKUW ]XP)OX,VVDQYRQGHPNHLQOHEHQGHU0DUVEHZRKQHUZHL ZRKLQHUIKUWXQGYRQGHPQLHPDQGMH]XUFNJHNRPPHQLVW $XFKKlWWHPDQGHQMHQLJHQQLFKWPHKUXQWHUVLFKJHGXOGHWGHU VLFKHLQPDO]XGHPNDOWHQXQGGXQNOHQ:DVVHUEHJHEHQKDWWH 1XU HLQHU YRQ WDXVHQG 0DUVEHZRKQHUQ VWLUEW DQ HLQHU .UDQNKHLWRGHUHLQHP*HEUHFKHQXQJHIlKU]ZDQ]LJWUHWHQGLH IUHLZLOOLJH :DOOIDKUW DQ 'LH DQGHUHQ QHXQKXQGHUWXQGQHXQXQG VLHE]LJVWHUEHQHLQHVJHZDOWVDPHQ7RGHVEHLP=ZHLNDPSIEHL GHU-DJGEHLP)OLHJHQXQGLP.ULHJ'LHEHLZHLWHPPHLVWHQ 7RGHVIlOOH JLEW HV LQ GHU .LQGKHLW ZR XQ]lKOLJH GHQ JURHQ ZHLHQ$IIHQGHV0DUV]XP2SIHUIDOOHQ
(5%XUURXJKV-RKQ&DUWHUYRP0DUV 'LH GXUFKVFKQLWWOLFKH /HEHQVHUZDUWXQJ GHV HUZDFKVHQHQ 0DUVPHQVFKHQOLHJWEHLHWZDGUHLKXQGHUW-DKUHQVLHOlJHDEHU ZHLWDXV K|KHU JlEH HV QLFKW GLH ]DKOUHLFKHQ JHZDOWVDPHQ 7RGHVDUWHQ $XI *UXQG GHU VFKZLQGHQGHQ %RGHQVFKlW]H GHV 3ODQHWHQ ZDU HV RIIHQVLFKWOLFK QRWZHQGLJ JHZRUGHQ GHU DQVWHLJHQGHQ /HEHQVHUZDUWXQJ HQWJHJHQ]XZLUNHQ GLH GHQ EHPHUNHQVZHUWHQ )HUWLJNHLWHQ LQ GHU +HLONXQVW XQG &KLUXUJLH ]X YHUGDQNHQ LVW 6R JLOW HLQ 0HQVFKHQOHEHQ DXI GHP 0DUV ZHQLJ ZLH PDQ DXV GHQ JHIlKUOLFKHQ6SLHODUWHQXQG GHP IDVW LPPHUDQKDOWHQGHQ.ULHJV]XVWDQG]ZLVFKHQGHQYHUVFKLHGHQHQ *HPHLQVFKDIWHQHUVHKHQNDQQ (V JLEW DXFK DQGHUH XQG QDWUOLFKHUH *UQGH GHV %HY|ONHUXQJVUFNJDQJHVDEHUQLFKWVWUlJWOHW]WHQGOLFKVRVHKU GD]X EHL ZLH GLH 7DWVDFKH GD HV XQWHU GHQ 0DUVEHZRKQHUQ QLHPDQGHQJLEWGHUYRQVLFKDXVGLH:DIIHQDEOHJW $OV ZLU XQV GHP 3ODW] QlKHUWHQ XQG PDQ PLFK HQWGHFNWH XPULQJWHQ XQV +XQGHUWH GLH HV RIIHQEDU GDUDXI DEJHVHKHQ KDWWHQ PLFK KLQWHU PHLQHP %HZDFKHU YRQ GHP 5HLWWLHU ]X ]LHKHQ (LQ :RUW GHV $QIKUHUV JHERW GHP *HVFKUHL (LQKDOW XQG LP 7UDE VHW]WHQ ZLU XQVHUHQ 5LWW ]X GHP (LQJDQJ HLQHV GHUSUlFKWLJVWHQ*HElXGHIRUWGDVMHHLQ6WHUEOLFKHU]X*HVLFKW EHNRPPHQKDW 'DV%DXZHUNZDUÀDFKQDKPLQGHVHLQHULHVLJH)OlFKHHLQ (V EHVWDQG DXV JOlQ]HQGHP ZHLHQ 0DUPRU GHU PLW *ROG XQG %ULOODQWHQ YHU]LHUW ZDU GLH LP 6RQQHQOLFKW IXQNHOWHQ XQG JOLW]HUWHQ 'DV +DXSWSRUWDO ZDU HLQLJH KXQGHUW )X EUHLW XQG UDJWHVRZHLWQDFKYRUQGDHVGHU(LQJDQJVKDOOHHLQULHVLJHV 9RUGDFK YHUVFKDIIWH .HLQH 7UHSSH QXU HLQH ÀDFKH 6FKUlJH
(5%XUURXJKV-RKQ&DUWHUYRP0DUV IKUWH ]XP HUVWHQ *HVFKR LQ HLQHQ ULHVLJHQ 6DDO GHU YRQ %DONRQVXPJHEHQZDU ,QGLHVHP6DDOLQGHPKLHUXQGGDHLQLJHKRKHJHVFKQLW]WH 7LVFKH XQG 6WKOH VWDQGHQ KDWWHQ VLFK XQJHIlKU YLHU]LJ ELV IQI]LJ PlQQOLFKH 0DUVPHQVFKHQ XP HLQH 5HGQHUEKQH YHUVDPPHOW$XIGLHVHUKRFNWHHLQKQHQKDIWHU.ULHJHUDQJHWDQ PLW 0HWDOOVFKPXFN IDUEHQIURKHQ )HGHUQ XQG ZXQGHUVFK|Q YHUDUEHLWHWHP PLW NRVWEDUHQ 6WHLQHQ NXQVWYROO EHVHW]WHQ /HGHU]HXJ 9RQ VHLQHQ 6FKXOWHUQ KLQJ HLQ NXU]HU ZHLHU )HOOXPKDQJGHUPLWJOlQ]HQGHUVFKDUODFKURWHU6HLGHJHIWWHUW ZDU $QJHVLFKWV GLHVHU +RUGH XQG GHV $XGLHQ]]LPPHUV ¿HO PLU VRIRUW DXI GD GLH 7LVFKH 6WKOH XQG DQGHUHQ 0|EHO LQ NHLQHP 9HUKlOWQLV ]XU *U|H GHU $QZHVHQGHQ VWDQGHQ 6LH SDWHQ HKHU ]X PHQVFKOLFKHQ :HVHQ ZLH PLU ZlKUHQG GLHVH +QHQ YRQ 0DUVEHZRKQHUQ VLFK QLFKW LQ HLQHQ 6WXKO KlWWHQ ]ZlQJHQJHVFKZHLJHGHQQLKUHODQJHQ%HLQHXQWHUGHQ7LVFKHQ DXVVWUHFNHQN|QQHQ2IIHQEDUJDEHVDXIGHP0DUVQRFKDQGHUH (LQZRKQHU DOV MHQH ZLOGHQ XQG VHOWVDPHQ .UHDWXUHQ LQ GHUHQ +lQGHLFKJHIDOOHQZDUGHQQGLHDQWLNHQ*HJHQVWlQGHXPPLFK KHUXP EHZLHVHQ GD GLHVH *HElXGH LQ JUDXHU 9RU]HLW HLQHU ODQJ DXVJHVWRUEHQHQ XQG YHUJHVVHQHQ 0DUVUDVVH JHK|UW KDEHQ PRFKWHQ 8QVHUH *UXSSH ZDU LP (LQJDQJ VWHKHQJHEOLHEHQ $XI HLQ =HLFKHQ XQVHUHV %HIHKOVKDEHUV VHW]WH PDQ PLFK DE HU VFKRE ZLHGHUGHQ$UPXQWHUGHQPHLQHQXQGZLUEHWUDWHQJHPHLQVDP GLH+DOOH$OVZLUXQVGHP$QIKUHUGHU0DUVEHZRKQHUQlKHUWHQ NRQQWH LFK GLH QXU NXU]H %HJUXQJV]HUHPRQLH PLWYHUIROJHQ
(5%XUURXJKV-RKQ&DUWHUYRP0DUV 0HLQ%HZDFKHUVFKULWWRKQHYLHO$XIKHEHQVHQHUJLVFKDXIGDV 3XOW]XGLHDQGHUHQWUDWHQEHLVHLQHP.RPPHQDXVHLQDQGHU'HU $QIKUHUHUKREVLFKXQGQDQQWHPHLQHQ%HJOHLWHUEHLP1DPHQ GHUVHLQHUVHLWVVWHKHQEOLHEXQGGHQ1DPHQGHV+HUUVFKHUVVRZLH VHLQHQ7LWHODXVVSUDFK =X MHQHU =HLW VDJWHQ PLU GLHVH +DQGOXQJVZHLVH XQG GLH :RUWH JDU QLFKWV VSlWHU DEHU YHUVWDQG LFK GD VLFK JUQH 0DUVPHQVFKHQ EOLFKHUZHLVH DXI GLHVH$UW EHJUWHQ :lUHQ GLH$QN|PPOLQJH )UHPGH XQG GHP]XIROJH QLFKW LQ GHU /DJH JHZHVHQHLQDQGHUEHLP1DPHQ]XQHQQHQVRKlWWHQVLHIDOOV VLH LQ IULHGOLFKHU$EVLFKW JHNRPPHQ ZDUHQ ZRUWORV 6FKPXFN DXVJHWDXVFKW $QGHUQIDOOV KlWWHQ VLH 6FKVVH JHZHFKVHOW RGHU LKUH9RUVWHOOXQJPLW:DIIHQJHZDOWDXVJHIRFKWHQ 0HLQ %HZDFKHU KLH 7DUV 7DUNDV HU ZDU VR HWZDV ZLH GHU 9L]HN|QLJ GHU *HVHOOVFKDIW HLQ 0DQQ PLW JURHQ VWDDWVPlQQLVFKHQXQGNULHJHULVFKHQ)lKLJNHLWHQ2IIHQEDUIDWH HUQXQ]XVDPPHQZDVVLFKQHEHQPHLQHU*HIDQJHQQDKPHDXI VHLQHU ([SHGLWLRQ QRFK DEJHVSLHOW KDWWH$OV HU JHHQGHW KDWWH VSUDFKPLFKGHU+HUUVFKHUVFKOLHOLFKDQ ,FK DQWZRUWHWH LQ XQVHUHP JXWHQ DOWHQ (QJOLVFK QXU XP LKQ GDYRQ ]X EHU]HXJHQ GD NHLQHU YRQ XQV GHQ DQGHUHQ YHUVWHKHQ N|QQH GRFK DOV LFK DP (QGH PHLQHU 5HGH HWZDV OlFKHOWH HUZLGHUWH HU PHLQ /lFKHOQ -HQH 7DWVDFKH XQG GDV lKQOLFKH 9RUNRPPQLV ZlKUHQG PHLQHV HUVWHQ *HVSUlFKV PLW 7DUV 7DUNDV EHU]HXJWHQ PLFK GD ZLU ]XPLQGHVW HLQH 6DFKH PLWHLQDQGHU JHPHLQ KDWWHQ GLH )lKLJNHLW ]X OlFKHOQ XQG GHP]XIROJH ]X ODFKHQ 'LHV ]HLJWH OHW]WHQGOLFK HLQHQ 6LQQ IU +XPRU *OHLFKZRKO VROOWH LFK HUIDKUHQ GD GDV /lFKHOQ GHV
(5%XUURXJKV-RKQ&DUWHUYRP0DUV 0DUVPHQVFKHQHLQHREHUÀlFKOLFKH6DFKHZDUXQGVHLQ/DFKHQ HLQ9RUJDQJGHUVWDUNH0lQQHUYRU6FKUHFNHUVWDUUHQOLH 'HU +XPRU GHU JUQHQ 0DUVPHQVFKHQ VWHKW LP NUDVVHQ :LGHUVSUXFK ]X GHP ZDV XQVHUHU 0HLQXQJ QDFK +HLWHUNHLW HUUHJW 'HU 7RGHVNDPSI HLQHV 0LWPHQVFKHQ O|VWH EHL GLHVHQ PHUNZUGLJHQ .UHDWXUHQ +HLWHUNHLWVDXVEUFKH DXV XQG DP KlX¿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ÀDWWHUQGZLHHLQULHVLJHU*UDVKSIHU]ZLVFKHQGHQ 7LVFKHQ XQG 6WKOHQ DXI XQG DE 1DFKGHP LFK PLFK VHKU ]XU (UKHLWHUXQJ GHU 0DUVEHZRKQHU HUQVWKDIW YHUOHW]W KDWWH QDKP LFKZLHGHU]XP.ULHFKHQ=XÀXFKWGRFKGDVSDWHLKQHQQLFKW GHQQHLQULHVLJHU7\SGHUEHUPHLQ0LJHVFKLFNDPPHLVWHQ JHODFKWKDWWH]HUUWHPLFKQDFKREHQ $OVHUPLFKXQVDQIWDXIGLH)HVWHOOWHNDPVHLQ*HVLFKWGHP PHLQHQVHKUQDKHXQGLFKWDWGDVHLQ]LJHZDVHLQ*HQWOHPDQ LQ HLQHU VROFKHQ YRQ %UXWDOLWlW ÀHJHOKDIWHP %HQHKPHQ XQG 5FNVLFKWVORVLJNHLW JHJHQEHU )UHPGHQ JHNHQQ]HLFKQHWHQ 6LWXDWLRQWXQNRQQWH,FKVFKZDQJPHLQH)DXVWGLUHNWJHJHQVHLQ
(5%XUURXJKV-RKQ&DUWHUYRP0DUV .LQQXQGHUVDFNWHZLHHLQJHIlOOWHU2FKVH]X%RGHQ$OVEDOG IXKULFKKHUXPXQGVWHOOWHPLFKPLWGHP5FNHQ]XPQlFKVWHQ 7LVFKGDLFKJODXEWHGDVHLQH/HXWHPLFKYRU:XWEHUZlOWLJHQ ZUGHQ,FKZDUHQWVFKORVVHQLKQHQHLQHQVRJXWHQ.DPSI]X OLHIHUQ ZLH HV PLU GLH XQJOHLFKH .UlIWHYHUWHLOXQJ HUODXEWH EHYRULFKPHLQ/HEHQKLQJDE 0HLQH %HIUFKWXQJHQ ZDUHQ XQEHJUQGHW GD GLH DQGHUHQ ]XHUVWYRU%HZXQGHUXQJVSUDFKORVZDUHQXQGVFKOLHOLFKLQHLQ ZLOGHV*HW|VHYRQ*HOlFKWHUXQG$SSODXVDXVEUDFKHQ$QIDQJV HUNDQQWHLFKGHQ$SSODXVQLFKWDOVVROFKHQDEHUDOVLFKVSlWHU PLWLKUHQ%UlXFKHQYHUWUDXWJHZRUGHQZDUYHUVWDQGLFKGDLFK HUUXQJHQKDWWHZDVVLHVHOWHQJHZlKUWHQLKUHQ%HLIDOO 'HU 1LHGHUJHVFKODJHQH EOLHE OLHJHQ ZR HU KLQJHVWU]W ZDU DXFK NPPHUWH VLFK NHLQHU YRQ VHLQHQ /HXWHQ XP LKQ 7DUV 7DUNDVWUDWDXIPLFK]XVWUHFNWHPLUHLQHQVHLQHU$UPHHQWJHJHQ VR GD ZLU XQVHUHQ :HJ ZRKOEHKDOWHQ IRUWVHW]HQ NRQQWHQ 1DWUOLFK ZXWH LFK QLFKW ZDUXP ZLU XQV LQV )UHLH EHJHEHQ KDWWHQ GRFK OLH PDQ PLFK GDUEHU QLFKW ODQJH LP 8QNODUHQ =XHUVWZLHGHUKROWHQVLHPHKUPDOVGDV:RUW 6DN GDQQPDFKWH 7DUV 7DUNDV HLQLJH 6SUQJH ZREHL HU YRUKHU MHGHVPDO 6DN VDJWH ZDQGWH VLFK DQ PLFK XQG VDJWH HV ZLHGHU ,FK YHUVWDQG VFKOLHOLFK ZDV VLH ZROOWHQ KROWH 6FKZXQJ XQG VDNWH PLW EHUZlOWLJHQGHP (UIROJ VR GD LFK JXW KXQGHUW XQG IQI]LJ )XVFKDIIWHDXFKYHUORULFKGLHVPDOQLFKWGLH%DODQFHVRQGHUQ ODQGHWH RKQH ]X VWU]HQ GLUHNW DXI GHQ )HQ $QVFKOLHHQG NHKUWH LFK PLW OHLFKWHQ 6SUQJHQ YRQ IQIXQG]ZDQ]LJ ELV GUHLLJ)X]XGHUNOHLQHQ*UXSSH.ULHJHU]XUFN
(5%XUURXJKV-RKQ&DUWHUYRP0DUV 0HLQ $XIWULWW ZDU YRQ HLQLJHQ KXQGHUW NOHLQHUHQ 0DUVEHZRKQHUQ PLWYHUIROJW ZRUGHQ 6LH YHUODQJWHQ VRIRUW HLQH :LHGHUKROXQJ ZDV PLU GHU +HUUVFKHU GDQQ VFKOLHOLFK DXFKEHIDKOGRFKZDULFKVRZRKOKXQJULJDOVDXFKGXUVWLJXQG EHVFKORDXIGHU6WHOOHYRQGLHVHQ.UHDWXUHQMHQHV9HUVWlQGQLV ]XIRUGHUQGDVVLHPLUIUHLZLOOLJRIIHQEDUQLFKWHQWJHJHQEULQJHQ ZUGHQ GHQQ GDULQ ODJ PHLQH HLQ]LJH 5HWWXQJ 'HVZHJHQ LJQRULHUWHLFKGHQZLHGHUKROWHQ%HIHKO]X VDNHQ ZLHVMHGHVPDO DXIPHLQHQ0XQGXQGULHEPLUGHQ%DXFK 7DUV 7DUNDV XQG GHU +HUUVFKHU ZHFKVHOWHQ HLQLJH :RUWH (UVWHUHUULHIHLQHMXQJH)UDXDXVGHU0HQJH]XVLFKHUWHLOWHLKU HLQLJH $QZHLVXQJHQ XQG ZLHV PLFK DQ VLH ]X EHJOHLWHQ ,FK HUJULIIGHQPLUGDUJHERWHQHQ$UPXQGZLUJLQJHQJHPHLQVDP DXIHLQJURHV*HElXGHDXIGHUDQGHUHQ6HLWHGHV3ODW]HV]X 0HLQH KEVFKH %HJOHLWHULQ PD XQJHIlKU DFKW )X VLH ZDU JHUDGH HUZDFKVHQ JHZRUGHQ KDWWH MHGRFK QRFK QLFKW LKUH YROOH *U|H HUUHLFKW ,KUH JODWWH JOlQ]HQGH +DXW ZDU KHOO ROLYJUQ JHIlUEW :LH LFK VSlWHU HUIXKU ZDU LKU 1DPH 6ROD 6LHJHK|UWH]X7DUV7DUNDV *HIROJHXQGEUDFKWHPLFK]XHLQHU JHUlXPLJHQ .DPPHU LQ HLQHP GHU *HElXGH DP 5DQGH GHV |IIHQWOLFKHQ3ODW]HVLQGHPVLFKGHQ6HLGHQXQG)HOOUHVWHQDXI GHP)XERGHQ]XIROJHGLH6FKODIUlXPHHLQLJHU0DUVEHZRKQHU EH¿QGHQPXWHQ 'XUFK PHKUHUH JURH )HQVWHU ¿HO DXVUHLFKHQG /LFKW LQ GHQ 5DXP GLH :lQGH ZDUHQ PLW *HPlOGHQ XQG 0RVDLNHQ JHVFKPFNW GRFK EHU DOOHP VFKZHEWH GHU +DXFK HLQHU XQEHVWLPPEDUHQ DOWHQ .XOWXU GHU PLFK GDYRQ EHU]HXJWH GD GLH $UFKLWHNWHQ XQG (UEDXHU GLHVHU ZXQGHUYROOHQ :HUNH
(5%XUURXJKV-RKQ&DUWHUYRP0DUV QLFKWV PLW GHQ JUREHQ +DOEZLOGHQ JHPHLQ KDWWHQ GLH VLH QXQ EHKDXVWHQ 6ROD OLH PLFK DXI HLQHP 6WDSHO YRQ 6HLGHQVWRIIHQ IDVW LQ GHU 0LWWH GHV =LPPHUV 3ODW] QHKPHQ ZDQGWH VLFK XP XQG JDE HLQHQ HLJHQWPOLFK ]LVFKHQGHQ /DXW YRQ VLFK DOV JHEH VLHMHPDQGHPLP1HEHQ]LPPHUHLQ=HLFKHQ3URPSWHUEOLFNWH LFK HLQ ZHLWHUHV QHXHV 0DUVZXQGHU (V NDP DXI ]HKQ NXU]HQ %HLQHQ GDKHUJHZDWVFKHOW XQG KRFNWH VLFK ZLH HLQ JHKRUVDPHV +QGFKHQ YRU GHP 0lGFKHQ KLQ 'DV:HVHQ KDWWH GLH *U|H HLQHV6KHWODQG3RQ\VGRFKGHU.RSIlKQHOWHOHLFKWGHPHLQHV )URVFKHVPLW$XVQDKPHGHU.LHIHUGLHPLWGUHL5HLKHQODQJHU VFKDUIHU6WR]lKQHYHUVHKHQZDUHQ
(5%XUURXJKV-RKQ&DUWHUYRP0DUV
9SXU^d[_]]U]UY^U]GQSXXe^T
6ROD VWDUUWH GHP 8QWLHU LQ GLH ZLOG EOLFNHQGHQ $XJHQ PXUPHOWH HLQ RGHU ]ZHL %HIHKOH ZLHV GDEHL DXI PLFK XQG YHUOLH GLH .DPPHU ,FK IUDJWH PLFK ZDV GLHVHV JULPPLJ DXVVHKHQGH8QJHKHXHUWXQZUGHZHQQPDQHLQHQGHUDUW]DUWHQ /HFNHUELVVHQ ZLH PLFK VR QDKH YRU VHLQHU 1DVH ]XUFNOLH GRFKZDUHQPHLQH%HIUFKWXQJHQXQEHJUQGHWGHQQGDV%LHVW PXVWHUWH PLFK HLQHQ $XJHQEOLFN ODQJ GXUFKGULQJHQG EHJDE VLFKGDQQ]XPHLQ]LJHQ$XVJDQJGHV=LPPHUVXQGOHJWHVLFKLQ YROOHU/lQJHTXHUEHUGLH6FKZHOOH 'DV ZDU PHLQH HUVWH (UIDKUXQJ PLW GHP :DFKKXQG YRP 0DUVGRFKVROOWHHVQLFKWGLHOHW]WHVHLQGHQQGLHVHU*HIlKUWH EHZDFKWH PLFK JHZLVVHQKDIW ZlKUHQG PHLQHU *HIDQJHQVFKDIW EHLGHQJUQHQ0HQVFKHQUHWWHWHPLU]ZHLPDOGDV/HEHQXQG ZLFKNHLQHQ$XJHQEOLFNIUHLZLOOLJYRQPHLQHU6HLWH $OV6RODIRUWZDUHUJULIILFKGLH*HOHJHQKHLWXQGVFKDXWHPLU GHQ 5DXP JHQDXHU DQ LQ GHP PDQ PLFK JHIDQJHQ KLHOW 'DV :DQGJHPlOGH]HLJWH6]HQHQYRQVHOWHQHUXQGDWHPEHUDXEHQGHU 6FK|QKHLW*HELUJH)OVVHHLQHQ6HHHLQHQ2]HDQHLQH:LHVH %lXPHXQG%OXPHQVLFKVFKODQJHOQGH6WUDHQVRQQHQEHUÀXWHWH *lUWHQ%LOGHUGLHLUGLVFKH*HJHQGHQKlWWHQGDUVWHOOHQN|QQHQ VDKPDQYRQGHUXQWHUVFKLHGOLFKHQ)DUEJHEXQJGHU3ÀDQ]HQZHOW
(5%XUURXJKV-RKQ&DUWHUYRP0DUV DE'DV%LOGZDURIIHQVLFKWOLFKYRQ0HLVWHUKDQGJHPDOWVRIHLQ ZDUGLH6WLPPXQJVRYROONRPPHQGLH7HFKQLNXQGGRFKJDEHV QLUJHQGZRHLQH'DUVWHOOXQJHLQHV/HEHZHVHQVHLQHV0HQVFKHQ RGHU7LHUHVZRUDXVLFKKlWWHVFKOLHHQN|QQHQZLHMHQHDQGHUHQ XQGYLHOOHLFKWDXVJHVWRUEHQHQ0DUVEHZRKQHUDXVJHVHKHQKDEHQ PRFKWHQ :lKUHQG LFK PHLQHU 3KDQWDVLH IUHLHQ /DXI OLH XQG 0XWPDXQJHQGDUEHUDQVWHOOWHZLHGLHXQJHZ|KQOLFKHQ'LQJH ]X HUNOlUHQ ZDUHQ GLH PLU ELVKHU DXI GHP 0DUV ]XJHVWRHQ ZDUHQ NHKUWH 6ROD PLW (VVHQ XQG 7ULQNHQ ]XUFN 6LH VWHOOWH EHLGHV DXI GHQ %RGHQ QHEHQ PLFK VHW]WH VLFK HLQ 6WFN YRQ PLU HQWIHUQW KLQ XQG EOLFNWH PLFK DXIPHUNVDP DQ 'DV (VVHQ EHVWDQGDXVHWZDHLQHP3IXQGIHVWHUNlVHDUWLJHU6XEVWDQ]XQG ZDU IDVW JHVFKPDFNORV ZlKUHQG HV VLFK EHL GHU )OVVLJNHLW RIIHQVLFKWOLFKXP0LOFKKDQGHOWH6LHVFKPHFNWHQLFKWVFKOHFKW OHLFKW VlXHUOLFK XQG LFK OHUQWH VLH LQQHUKDOE NXU]HU =HLW VHKU VFKlW]HQ :LH LFK VSlWHU HUIXKU VWDPPWH VLH QLFKW YRQ HLQHP 7LHUGDHVDXIGHP0DUVQXUHLQ6lXJHWLHUJDEGDVVHKUVHOWHQ DQ]XWUHIIHQZDUVRQGHUQYRQHLQHUULHVLJHQ3ÀDQ]HGLHSUDNWLVFK IDVW RKQH :DVVHU DXVNDP XQG LKUHQ UHLFKOLFKHQ 0LOFKYRUUDW DXV GHQ 1lKUVWRIIHQ GHV %RGHQV GHU /XIWIHXFKWLJNHLW XQG 6RQQHQVWUDKOHQ SURGX]LHUWH (LQH HLQ]HOQH 3ÀDQ]H GLHVHU $UW JDEWlJOLFKDFKWELV]HKQ9LHUWHO0LOFK 1DFK GHP (VVHQ IKOWH LFK PLFK EHWUlFKWOLFK JHVWlUNW VSUWH DEHU GD LFK 5XKH EUDXFKWH VWUHFNWH PLFK DXI GHQ 6HLGHQWFKHUQ DXV XQG ZDU EDOG HLQJHVFKODIHQ ,FK PXWH HLQLJH 6WXQGHQ JHVFKODIHQ KDEHQ GHQQ HV ZDU GXQNHO DOV LFK HUZDFKWHXQGLFKIURUVHKU,FKEHPHUNWHGDPLFKMHPDQGPLW
(5%XUURXJKV-RKQ&DUWHUYRP0DUV HLQHP)HOO]XJHGHFNWKDWWHGRFKHVZDUHWZDVYHUUXWVFKWXQG LQGHU'XQNHOKHLWNRQQWHLFKHVQLFKWVHKHQXQG]XUHFKWOHJHQ 3O|W]OLFKNDPHLQH+DQGVFKREGDV)HOOZLHGHUULFKWLJKLQXQG ZDUIJOHLFKGDUDXIQRFKHLQHVEHUPLFK ,FKQDKPDQGDPHLQDXIPHUNVDPHU%HZDFKHU6RODZDUXQG LUUWHPLFKDXFKQLFKW9RQDOOHQJUQHQ0DUVPHQVFKHQGHQHQ LFK EHJHJQHWH ]HLJWH QXU VLH (LJHQVFKDIWHQ ZLH 0LWJHIKO /LHEHQVZUGLJNHLW XQG =XQHLJXQJ VLH VRUJWH XQHUPGOLFK IU PHLQH N|USHUOLFKHQ %HGUIQLVVH XQG HUVSDUWH PLU GXUFK LKUH VRUJIlOWLJH2EKXWYLHO/HLGXQG6FKZLHULJNHLWHQ :LH LFK QRFK HUIDKUHQ VROOWH VLQG GLH 1lFKWH DXI GHP 0DUV lXHUVW NDOW XQG GD HV SUDNWLVFK NHLQ 0RUJHQJUDXHQ XQG NHLQH $EHQGGlPPHUXQJ JLEW VLQG GLH SO|W]OLFKHQ 7HPSHUDWXUVFKZDQNXQJHQ ZLH DXFK GLH hEHUJlQJH YRP VWUDKOHQGHQ 7DJHVOLFKW ]XU 'XQNHOKHLW K|FKVW XQDQJHQHKP 'LH1lFKWHVLQGHQWZHGHUWDJKHOORGHUVHKUGXQNHOGHQQZHQQ NHLQHUGHU]ZHL0DUVPRQGHDP+LPPHOVWHKWKHUUVFKWIDVWWRWDOH )LQVWHUQLV GD HV NHLQH $WPRVSKlUH JLEW RGHU EHVVHU JHVDJW GLHVH VHKU GQQ XQG QLFKW LQ GHU /DJH LVW GDV 6WHUQHQOLFKW LQ JU|HUHP0DH]XVWUHXHQ:HQQDQGHUHUVHLWVEHLGH0RQGHDP +LPPHOVWHKHQLVWGLH2EHUÀlFKHKHOOHUOHXFKWHW %HLGH0DUVPRQGHVLQGGHP0DUVZHVHQWOLFKQlKHUDOVXQVHU 0RQGGHU(UGH'LH(QWIHUQXQJ]XPHUVWHQ0RQGEHWUlJWHWZD IQIWDXVHQG 0HLOHQ ]XP ]ZHLWHQ HWZDV EHU YLHU]HKQWDXVHQG 0HLOHQLP9HUJOHLFK]XGHUNQDSSHQ9LHUWHOPLOOLRQ0HLOHQGLH XQV YRQ XQVHUHP 0RQG WUHQQHQ 'HU GHP 0DUV DP QlFKVWHQ VWHKHQGH0RQGGUHKWVLFKLP/DXIHYRQVLHEHQHLQKDOE6WXQGHQ YROOVWlQGLJXPGHQ3ODQHWHQVRGDHULQMHGHU1DFKWlKQOLFK
(5%XUURXJKV-RKQ&DUWHUYRP0DUV HLQHP ULHVLJHQ 0HWHRU ]ZHL RGHU GUHL 0DO EHU GHQ +LPPHO UDVW XQG EHL MHGHP 'XUFKJDQJ DP )LUPDPHQW DOOH 3KDVHQ GXUFKOlXIW 'HU ]ZHLWH 0RQG GUHKW VLFK LQ HWZD GUHLLJ XQG HLQHU 9LHUWHOVWXQGH XP GHQ 0DUV XQG YHUKLOIW JHPHLQVDP PLW VHLQHP 6FKZHVWHUQVDWHOOLWHQ GHU QlFKWOLFKHQ 0DUVODQGVFKDIW ]X JURDUWLJHU XQG EHULUGLVFKHU (UKDEHQKHLW 'LH 1DWXU KDW DXFK ULFKWLJ GDUDQ JHWDQ GLH 0DUVQDFKW VR DQPXWLJ XQG UHLFKOLFK DXV]XOHXFKWHQ GHQQ GLH JUQHQ 0DUVPHQVFKHQ HLQ 1RPDGHQYRON RKQH KRKH LQWHOOHNWXHOOH )lKLJNHLWHQ YHUIJHQ OHGLJOLFK EHU SULPLWLYH 0LWWHO NQVWOLFKHU %HOHXFKWXQJ XQG VLQGKDXSWVlFKOLFKYRQ)DFNHOQDEKlQJLJHLQHU$UWYRQ.HU]HQ VRZLHHLQHUVSH]LHOOHQgOODPSHGLHHLQ*DVHU]HXJWXQGRKQH 'RFKWEUHQQW /HW]WHUHV *HUlW OLHIHUW HLQ DXVJHVSURFKHQ VWUDKOHQGHV ZHLWUHLFKHQGHVZHLHV/LFKW'DGDVEHQ|WLJWH1DWXU|ODEHUQXU LQHLQLJHQZHLWDEJHOHJHQHQ*HJHQGHQJHZRQQHQZLUGQXW]HQ GLHVH.UHDWXUHQHVQXUVHOWHQGHUHQ*HGDQNHHLQ]LJXQGDOOHLQ GHP+HXWHJLOWXQGGHUHQ$EVFKHXYRUN|USHUOLFKHU$UEHLWVLH VHLW]DKOUHLFKHQ-DKUKXQGHUWHQLQKDOESULPLWLYHQ9HUKlOWQLVVHQ OHEHQOlW 1DFKGHP6RODPLUHLQHZHLWHUH'HFNHJHJHEHQKDWWHVFKOLHI LFKZLHGHUHLQXQGHUZDFKWHHUVWDP7DJ'LHDQGHUHQ%HZRKQHU GHV 5DXPHV ZDUHQ DOOH ZHLEOLFK VLH VFKOLHIHQ QRFK XQWHU KRKHQ 6WDSHOQ XQ]lKOLJHU 6HLGHQWFKHU XQG 3HO]H 4XHU EHU GHU6FKZHOOHODJGDVQLPPHUPGH:DFKWLHUJHQDXZLHLFKHV DP 9RUWDJ ]XOHW]W JHVHKHQ KDWWH 2IIHQVLFKWOLFK KDWWH HV QLFKW HLQHQ0XVNHOEHZHJWVHLQ%OLFNZDUQRFKLPPHUVWDUUDXIPLFK
(5%XUURXJKV-RKQ&DUWHUYRP0DUV JHULFKWHWXQGLFKEHJDQQPLFK]XIUDJHQZDVZRKOJHVFKHKHQ PRFKWHZHQQLFKHLQHQ)OXFKWYHUVXFKZDJWH 6FKRQ LPPHU KDWWH LFK GDV $EHQWHXHU XQG GDV ([SHULPHQW JHVXFKW XQG HUIRUVFKW ZR NOJHUH 0lQQHU HV HKHU KlWWHQ VHLQ ODVVHQ6RNDPPLUGHU*HGDQNHGLHJHQDXH(LQVWHOOXQJGLHVHU %HVWLH PLU JHJHQEHU ]X HUJUQGHQ LQGHP LFK YHUVXFKWH GHQ 5DXP ]X YHUODVVHQ ,FK ZDU PLU ]LHPOLFK VLFKHU ZDU LFK HUVW HLQPDO LP )UHLHQ ZUGH LFK LKP HQWNRPPHQ GHQQ LFK KDWWH EHJRQQHQ JURHV 9HUWUDXHQ LQ PHLQH 6SUXQJNUDIW ]X VHW]HQ $XHUGHPVFKORLFKDXVGHU.U]HVHLQHU%HLQHGDGDV8QWLHU NHLQ6SULQJHUXQGZDKUVFKHLQOLFKDXFKNHLQ/lXIHUZDU /DQJVDP XQG YRUVLFKWLJ ULFKWHWH LFK PLFK QXQ DXI XQG VDK GDPHLQ:lFKWHUGDVVHOEHWDWEHKXWVDPEHZHJWHLFKPLFKLQ VHLQH5LFKWXQJXQGHQWGHFNWHGDLFKPLWHLQHPVFKOXUIHQGHQ *DQJ VRZRKO GDV *OHLFKJHZLFKW KDOWHQ NRQQWH DOV DXFK LQ HLQHU YHUQQIWLJHQ *HVFKZLQGLJNHLW YRUDQNDP $OV LFK PLFK GHP 8QWLHU QlKHUWH ZLFK HV YRUVLFKWLJ YRU PLU ]XUFN XQG EHL(UUHLFKHQGHU7UWUDWHV]XU6HLWHXPPLFKGXUFK]XODVVHQ 'DQQIROJWHHVPLULP$EVWDQGYRQ]HKQ6FKULWWHQ $QVFKHLQHQG VROOWH HV PLFK QXU EHVFKW]HQ DEHU DOV ZLU DP 6WDGWUDQG DQJHNRPPHQ ZDUHQ VSUDQJ HV SO|W]OLFK YRU PLFK JDE VHOWVDPH /DXWH YRQ VLFK XQG EOHFNWH GDEHL GLH IXUFKWHLQÀ|HQGHQ XQG KlOLFKHQ 6WR]lKQH ,FK EHVFKOR PLFKDXIVHLQH.RVWHQHWZDV]XDPVLHUHQVWUPWHDXIHV]X XQGVSUDQJDOVLFKIDVWEHLLKPZDUEHULKPLQGLH/XIWXQG OLHGLH6WDGWKLQWHUPLU$XJHQEOLFNOLFKIXKUHVKHUXPXQGUDVWH PLWVROFKDWHPEHUDXEHQGHU*HVFKZLQGLJNHLWKLQWHUPLUKHUZLH LFKHVQRFKQLHJHVHKHQKDWWH,FKKDWWHJHJODXEWVHLQHNXU]HQ
(5%XUURXJKV-RKQ&DUWHUYRP0DUV %HLQHVFKO|VVHQ6FKQHOOLJNHLWDXVGRFK:LQGKXQGHZlUHQLP :HWWODXIPLWLKPZLH6FKODIZDQGOHUHUVFKLHQHQ:LHLFKQRFK HUIDKUHQ VROOWH ZDU HV GDV VFKQHOOVWH 7LHU DXI GHP 0DUV 'LH 0DUVPHQVFKHQQXW]WHQHVZHJHQVHLQHU,QWHOOLJHQ]7UHXHXQG :LOGKHLWEHLGHU-DJGLP.ULHJXQGDOV%HVFKW]HU ,FK EHPHUNWH VFKQHOO GD HV VFKZLHULJ VHLQ ZUGH GHQ )lQJHQ GLHVHV %LHVWHV LP GLUHNWHQ :HWWODXI ]X HQWNRPPHQ $OVR VWHOOWH LFK PLFK VHLQHP$QJULII LQGHP LFK HLQHQ +DNHQ VFKOXJXQGEHUHVKLQZHJVSUDQJDOVHVIDVWEHLPLUZDU'LHVHU .XQVWJULIIYHUVFKDIIWHPLUHLQHQEHWUlFKWOLFKHQ9RUVSUXQJXQG LFK HUUHLFKWH GLH 6WDGW HLQ JXWHV 6WFN YRU LKP$OV HV KLQWHU PLU KHU JHUDVW NDP KHFKWHWH LFK DQ HLQHP GHU *HElXGH YRQ GHPPDQGDV7DOEHUEOLFNHQNRQQWHQDFKHLQHP)HQVWHUHWZD GUHLLJ)XEHUGHP(UGERGHQ ,FK]RJPLFKDP)HQVWHUEUHWWQDFKREHQVHW]WHPLFKDXIXQG EOLFNWHDXIGDVYHUZLUUWH7LHUXQWHUPLU0HLQ-XEHOZDUGHQQRFK YRQ NXU]HU 'DXHU GHQQ NDXP VD LFK VLFKHU DXI GHP 6LPV SDFNWH PLFK HLQH JHZDOWLJH +DQG YRQ KLQWHQ DP *HQLFN XQG ]RJPLFKLQV=LPPHU'RUWZXUGHLFKDXIGHQ5FNHQJHZRUIHQ XQGEHUPLUHUEOLFNWHLFKHLQULHVLJHVDIIHQDUWLJHV:HVHQGDV PLW$XVQDKPHGHVERUVWLJHQ+DDUVFKRSIHVDXIGHP.RSIZHL XQGQDFNWZDU
(5%XUURXJKV-RKQ&DUWHUYRP0DUV
5Y^;Q]`VRUYTU]YSX6bUe^TUVQ^T
'DV *HVFK|SI GDV HKHU XQVHUHQ (UGHQPHQVFKHQ DOV MHQHQ 0DUVPHQVFKHQlKQHOWHGLHLFKELVKHUJHVHKHQKDWWHKLHOWPLFK PLW HLQHP ULHVLJHQ )X DP %RGHQ IHVW ZlKUHQG HV VLFK PLW MHPDQGHPKLQWHUPLUSODSSHUQGXQGJHVWLNXOLHUHQGXQWHUKLHOW 'LHVHU DQGHUH RIIHQVLFKWOLFK VHLQ *HIlKUWH JHVHOOWH VLFK EDOG ]XXQVDXVJHUVWHWPLWHLQHUULHVLJHQ6WHLQNHXOHPLWGHUHUPLU RIIHQEDUGHQ6FKlGHOHLQVFKODJHQZROOWH 'LH.UHDWXUHQZDUHQXQJHIlKU]HKQRGHUIQI]HKQ)XJUR VWDQGHQDXIUHFKWXQGYHUIJWHQZLHGLHJUQHQ0DUVPHQVFKHQ ]ZLVFKHQ LKUHQ REHUHQ XQG XQWHUHQ *OLHGPDHQ EHU HLQ ]XVlW]OLFKHV 3DDU YRQ $UPHQ RGHU %HLQHQ ,KUH $XJHQ VWDQGHQ GLFKWHU EHLHLQDQGHU XQG ODJHQ WLHI LQ GHQ +|KOHQ GLH 2KUHQEHIDQGHQVLFKREHQDEHUPHKUDQGHU6HLWHDOVEHLGHQ 0DUVPHQVFKHQ ZlKUHQG LKUH 6FKQDX]HQ XQG =lKQH GHQHQ XQVHUHU DIULNDQLVFKHQ *RULOODV DXIIDOOHQG lKQOLFK ZDUHQ ,P 9HUJOHLFKPLWGHQJUQHQ0DUVPHQVFKHQZDUHQVLHLPJURHQ XQGJDQ]HQQLFKWXQDQVHKQOLFK 'LH.HXOHYROO]RJEHUPHLQHPQDFKREHQJHZDQGWHQ*HVLFKW JHUDGHHLQHQKRKHQ%RJHQDOVHLQYLHOILJHV0RQVWHUGXUFKGLH 7UJHIHJWNDPXQGVLFKJHJHQGLH%UXVWPHLQHV+HQNHUVZDUI 0LWHLQHP$QJVWVFKUHLVHW]WHGHU$IIHGHUPLFKIHVWKLHOWGXUFK
(5%XUURXJKV-RKQ&DUWHUYRP0DUV GDV RIIHQH )HQVWHU GRFK VHLQ *HIlKUWH EHJDQQ PLW PHLQHP %HVFKW]HU HLQHQ JUDXHQYROOHQ .DPSI DXI /HEHQ XQG 7RG GHQQGHUZDUQLHPDQG*HULQJHUHVDOVPHLQWUHXHV:DFKWLHU,FK EULQJHHVQLFKWEHUPLFKHLQHVRJUlOLFKH.UHDWXUDOV+XQG]X EH]HLFKQHQ 6RVFKQHOOZLHP|JOLFKUDSSHOWHLFKPLFKDXIXQGYHUIROJWH PLW GHP 5FNHQ ]XU :DQG HLQHQ .DPSI ZLH QXU ZHQLJH 0HQVFKHQMH]X*HVLFKWEHNRPPHQ'LH.UDIW%HZHJOLFKNHLW XQG XQElQGLJH *UDXVDPNHLW GLHVHU EHLGHQ .UHDWXUHQ ODVVHQ VLFKPLWQLFKWVDXIGHU(UGHYHUJOHLFKHQ0HLQ:DFKWLHUEHIDQG VLFK]XHUVWHWZDVLP9RUWHLOHVKDWWHGLHPlFKWLJHQ5HL]lKQH VHLQHP:LGHUVDFKHUWLHILQGLH%UXVWJHVFKODJHQGRFKGHU$IIH GHVVHQ0XVNHOQZHLWVWlUNHUHQWZLFNHOWZDUHQDOVGLHDOOHUPLU ELVKHU EHNDQQWHQ 0DUVPHQVFKHQ KLHOW PHLQHQ %HVFKW]HU PLW VHLQHQNUlIWLJHQ+lQGHQDP+DOVGUFNWHLKPODQJVDPGLH/XIW DEXQGERJGHQ.RSI]XUFNVRGDLFKJODXEWHLKQEDOGPLW JHEURFKHQHP*HQLFNOHEORVGDUQLHGHUVLQNHQ]XVHKHQ 'DEHL UL GHP$IIHQ GLH JDQ]H 9RUGHUVHLWH DXI GD VLH YRQ GHQ PlFKWLJHQ .LHIHUQ IHVW XPNODPPHUW ZXUGH 'LH EHLGHQ UROOWHQ DXI GHP %RGHQ KLQ XQG KHU ZREHL NHLQHU HLQHQ /DXW GHU$QJVWRGHUGHV6FKPHU]HVYRQVLFKJDE%DOGVDKLFKZLH PHLQHP:DFKWLHUGLHJURHQ$XJHQDXVGHQ+|KOHQWUDWHQXQG %OXWDXVGHQ1DVHQO|FKHUQVWU|PWH(VHUPDWWHWHPHUNOLFKDEHU DXFK GHU $IIH GHVVHQ $QVWUHQJXQJHQ PLW MHGHP $XJHQEOLFN YHU]ZHLIHOWHUZXUGHQ 3O|W]OLFKNDPLFK]XPLUXQGPLWGHPVHOWVDPHQ,QVWLQNWGHU PLFK RIIHQVLFKWOLFK LPPHU ]X PHLQHU 3ÀLFKW WUHLEW HUJULII LFK GLH.HXOHGLH]X%HJLQQGHV.DPSIHV]X%RGHQJHIDOOHQZDU
(5%XUURXJKV-RKQ&DUWHUYRP0DUV XQGVFKZDQJVLHPLWDOOGHU.UDIWPHLQHULUGLVFKHQ$UPHYROO JHJHQGHQ.RSIGHV$IIHQGHVVHQ6FKlGHOZLHHLQH(LHUVFKDOH ]HUEUDFK .DXP ZDU GLHV JHVFKHKHQ VDK LFK PLFK HLQHU QHXHQ %HGURKXQJ JHJHQEHU 'HU *HIlKUWH GHV $IIHQ GHU VLFK YRQ VHLQHP HUVWHQ 6FKUHFNHQ HUKROW KDWWH ZDU GXUFK GDV *HElXGH ]XP 6FKDXSODW] GHV *HVFKHKHQV ]XUFNJHNHKUW ,FK HUVSlKWH LKQ DOV HU EHUHLWV DQ GHU 7U VWDQG XQG VHLQ$QEOLFN ZLH HU DQJHVLFKWVVHLQHVOHEORVGDOLHJHQGHQ*HIlKUWHQDXIEUOOWHXQG ZLH LKP YRU LUUVLQQLJHU :XW GHU 6FKDXP DXV GHP 0XQG WUDW HUIOOWHPLFKPLWE|VHQ$KQXQJHQ ,FKELQLPPHUEHUHLWPLFK]XU:HKU]XVHW]HQXQG]XNlPSIHQ ZHQQGLHhEHUPDFKWQLFKWDOO]XJURLVWGRFKLQGLHVHP)DOOVDK LFKZHGHU5XKPQRFK1XW]HQGDULQPHLQHUHODWLYGUIWLJH.UDIW PLWGHQHLVHUQHQ0XVNHOQXQGGHUXQJH]lKPWHQ%UXWDOLWlWGHV ZXWHQWEUDQQWHQ(LQZRKQHUVHLQHUXQEHNDQQWHQ:HOW]XPHVVHQ HLJHQWOLFK VFKLHQ GRFK GDV HLQ]LJH ZDV IU PLFK EHL HLQHP VROFKHQ8QWHUIDQJHQKHUDXVNRPPHQNRQQWHGHU7RG]XVHLQ ,FKVWDQGQHEHQGHP)HQVWHUXQGZXWHGDLFKEHIDQGLFK PLFKHUVWHLQPDODXIGHU6WUDHGHQ3ODW]HUUHLFKHQXQGPLFKLQ 6LFKHUKHLW EULQJHQ N|QQWH EHYRU GLHVH .UHDWXU PLFK HLQKROWH =XPLQGHVWNRQQWHLFKPLFKYRUGHP7RGHUHWWHQGHUPLUJHZL ZDUIDOOVLFKEOLHEXQGQRFKVRYHU]ZHLIHOWNlPSIWH 1DWUOLFK KDWWH LFK GLH .HXOH DEHU ZDV NRQQWH LFK GDPLW JHJHQYLHUODQJH$UPHDXVULFKWHQ"$XFKZHQQLFKGHP$IIHQ PLWGHPHUVWHQ6FKODJHLQHQGDYRQ]HUVFKPHWWHUWHLFKUHFKQHWH GDPLWGDHUGHQ.QSSHODE]XZHKUHQYHUVXFKHQZUGHKlWWH
(5%XUURXJKV-RKQ&DUWHUYRP0DUV HUQRFKLPPHUGLHGUHLDQGHUHQXPPLFK]XYHUQLFKWHQEHYRU LFKPLFK]XP]ZHLWHQ$QJULIIYRUEHUHLWHQNRQQWH %HL GLHVHQ *HGDQNHQ GUHKWH LFK PLFK ]XP )HQVWHU 'D ¿HO PHLQ%OLFNDXIPHLQHQYRUPDOLJHQ%HVFKW]HUXQGLFKVFKOXJ DOOH )OXFKWJHGDQNHQ LQ GHQ :LQG (U ODJ NHXFKHQG DXI GHP %RGHQ GLH JURHQ $XJHQ VWDUU DXI PLFK JHULFKWHW IDVW ZLH XP +LOIH ELWWHQG ,FK NRQQWH GLHVHP PLWOHLGHUUHJHQGHQ %OLFN QLFKWZLGHUVWHKHQXQGVRZDUPHLQQlFKVWHU*HGDQNHGDLFK PHLQHQ5HWWHUQLFKW]XUFNODVVHQNRQQWHRKQHPLFKJHQDXVRIU LKQHLQ]XVHW]HQZLHHUHVIUPLFKJHWDQKDWWH 2KQH ZHLWHUHV =|JHUQ ZDQGWH LFK PLFK GHVZHJHQ GHP DXIJHEUDFKWHQ $IIHQPlQQFKHQ ]X (V ZDU PLU QXQ ]X QDKH JHNRPPHQ DOV GD PLU GLH .HXOH QRFK HLQH JURH +LOIH VHLQ NRQQWH$OVRVFKOHXGHUWHLFKVLHPLWYROOHU:XFKWJHJHQPHLQHQ PDVVLJHQ$QJUHLIHU WUDI LKQ XQWHUKDOE GHU .QLH HUQWHWH GDEHL HLQ *HKHXO YRQ 6FKPHU] XQG :XW XQG EUDFKWH LKQ GHUDUW DXV GHP *OHLFKJHZLFKW GD HU XP VHLQHQ )DOO DXI]XKDOWHQ PLW DXVJHVWUHFNWHQ$UPHQYROODXIPLFKVWU]WH :LH EHUHLWV DP 9RUWUDJ QDKP LFK ]X LUGLVFKHQ 7DNWLNHQ =XÀXFKW KLHE LKP PLW GHU UHFKWHQ )DXVW JHJHQ GDV .LQQ XQG YHUVHW]WH LKP PLW GHU OLQNHQ HLQHQ +DNHQ LQ GLH 0DJHQJUXEH 'LH:LUNXQJ ZDU YHUEOIIHQG GHQQ DOV LFK QDFK GHP ]ZHLWHQ 6FKODJ HWZDV EHLVHLWH WUDW ZLUEHOWH HU KHUXP XQG VDQN YRU 6FKPHU]]XVDPPHQJHNUPPWXQGQDFK/XIWMDSVHQG]X%RGHQ ,FKVSUDQJEHULKQKLQZHJSDFNWHGLH.HXOHXQGHUOHGLJWHGDV 8QJHKHXHUEHYRUHVVLFKZLHGHUDXIULFKWHQNRQQWH $OVLFKLKPGHQ6FKODJYHUVHW]WHK|UWHLFKKLQWHUPLUODXWHV /DFKHQ ZDQGWH PLFK XP XQG HUEOLFNWH7DUV7DUNDV 6ROD XQG
(5%XUURXJKV-RKQ&DUWHUYRP0DUV GUHLYLHU.ULHJHUGLHLQGHU7UVWDQGHQ=XP]ZHLWHQ0DOKDWWH LFKLKUHQVHOWHQHUWHLOWHQ$SSODXVIUPLFKJHZRQQHQ 6RODKDWWHEHLP$XIZDFKHQPHLQH$EZHVHQKHLWEHPHUNWXQG VRIRUW 7DUV 7DUNDV EHQDFKULFKWLJW GHU VLFK JOHLFK GDUDXI PLW HLQHU +DQGYROO .ULHJHU DXI GLH 6XFKH QDFK PLU PDFKWH $P 6WDGWUDQGDQJHNRPPHQEHPHUNWHQVLHGDV$IIHQPlQQFKHQDOV HVVFKlXPHQGYRU:XWLQV*HElXGHVWUPWH 6RIRUW ZDUHQ VLH LKP JHIROJW ZREHL VLH HV ]XHUVW NDXP IU P|JOLFK KLHOWHQ GD LKQHQ VHLQ 7XQ HLQHQ +LQZHLV EHU PHLQHQ9HUEOHLEOLHIHUQZUGHXQGKDWWHQPHLQHQNXU]HQGRFK HQWVFKHLGHQGHQ.DPSIPLWLKPJHVHKHQ'LHVHV$EHQWHXHUGLH $XVHLQDQGHUVHW]XQJ PLW GHP 0DUVNULHJHU DP 9RUWDJ VRZLH PHLQH 6SUXQJNQVWH YHUVFKDIIWHQ PLU KRKHV$QVHKHQ )HLQHUH *HIKOHZLH)UHXQGVFKDIW/LHEHRGHU=XQHLJXQJJHKHQGLHVHP 9RONY|OOLJDEGRFKEHWHQVLHDXHUJHZ|KQOLFKHV.|QQHQXQG 0XW I|UPOLFK DQ XQG VRODQJH GDV 2EMHNW LKUHU %HZXQGHUXQJ VHLQH*HVFKLFNOLFKNHLWVHLQH.UDIWXQGVHLQHQ0XWKlX¿JJHQXJ XQWHU%HZHLVVWHOOWLVWLKQHQQLFKWV]XJXWGDIU 6ROD KDWWH GHQ 6XFKWUXSS IUHLZLOOLJ EHJOHLWHW XQG ZDU GLH HLQ]LJH GLH DQJHVLFKWV PHLQHV hEHUOHEHQVNDPSIHV QLFKW LQ *HOlFKWHU DXVEUDFK ,P *HJHQWHLO LKUH HUQVWH 0LHQH ]HLJWH RIIHQVLFKWOLFKH$QWHLOQDKPH XQG NDXP KDWWH LFK GDV 0RQVWHU JHW|WHWVWU]WHVLHDXIPLFK]XXQGVXFKWHPHLQHQ.|USHUQDFK P|JOLFKHQ :XQGHQ RGHU 9HUOHW]XQJHQ DE =XIULHGHQ OlFKHOQG VWHOOWHVLHIHVWGDLFKXQYHUVHKUWGDYRQJHNRPPHQZDUQDKP PLFKEHLGHU+DQGXQGPDFKWHVLFKDXIGHQ:HJQDFKGUDXHQ 7DUV 7DUNDV XQG GLH DQGHUHQ .ULHJHU ZDUHQ LQ]ZLVFKHQ HLQJHWUHWHQ XQG VWDQGHQ EHL PHLQHP VFKQHOO ZLHGHU ]X VLFK
(5%XUURXJKV-RKQ&DUWHUYRP0DUV NRPPHQGHQ 5HWWHU GHP DXFK LFK GDV /HEHQ JHUHWWHW KDWWH 6LH VFKLHQHQ VLFK HUQVWKDIW ]X VWUHLWHQ XQG VFKOLHOLFK VSUDFK PLFKHLQHUDQ'RFKDOVLKPHLQ¿HOGDLFKVHLQH6SUDFKHQLFKW YHUVWDQG ZDQGWH HU VLFK ZLHGHU DQ 7DUV 7DUNDV GHU LKP PLW HLQHP:RUWXQGHLQHU*HVWHHWZDVEHIDKOXQGVLFKDQVFKLFNWH XQV]XIROJHQ ,QLKUHU+DOWXQJJHJHQEHUGHP7LHUODJHWZDV%HGURKOLFKHV ,FKZROOWHQLFKWJHKHQEHYRULFKQLFKWHUIDKUHQKDWWHZDVVLH ]X WXQ JHGDFKWHQ XQG GDPLW ZDU LFK JXW EHUDWHQ GHQQ GHU .ULHJHU]RJHLQHJHIlKUOLFKDXVVHKHQGH3LVWROHDXVGHP+DOIWHU XQG ZDU GUDXI XQG GUDQ GHU .UHDWXU HLQ (QGH ]X VHW]HQ ,FK VSUDQJYRUXQGULVHLQHQ$UPQDFKREHQ'LH.XJHOWUDIGHQ K|O]HUQHQ)HQVWHUUDKPHQXQGVFKOXJHLQ/RFKLQGDV+RO]XQG GDV0DXHUZHUN ,FK NQLHWH QHEHQ GHP IXUFKWVDP GUHLQEOLFNHQGHQ :HVHQ QLHGHU KDOI LKP DXI XQG JHERW LKP PLU ]X IROJHQ 'LH EHUUDVFKWHQ %OLFNH GLH PHLQ 7XQ EHL GHQ 0DUVPHQVFKHQ KHUYRUULHIVSLHJHOWHQ9HUVWlQGQLVORVLJNHLWGHQQ(LJHQVFKDIWHQ ZLH 'DQNEDUNHLW XQG 0LWJHIKO NRQQWHQ VLH QXU LQ NLQGOLFKHU :HLVH HUDKQHQ 'HU .ULHJHU GHVVHQ 3LVWROH LFK QDFK REHQ JHULVVHQKDWWHEOLFNWH7DUV7DUNDVIUDJHQGDQGRFKGLHVHUJDE LKP]XYHUVWHKHQPLFKLQ5XKH]XODVVHQXQGVRNHKUWHQZLU ]XP3ODW]]XUFNZREHL6RODPLFKIHVWDP$UPKLHOWXQGGLFKW KLQWHUPLUPHLQJURHV:DFKWLHUWURWWHWH =XPLQGHVWEHVDLFKQXQDXIGHP0DUV]ZHL)UHXQGHHLQH MXQJH)UDXGLHPLWPWWHUOLFKHU6RUJHEHUPLFKZDFKWHXQGHLQ VWXPPHV:DFKWLHUKLQWHUGHVVHQDUPVHOLJHQKlOLFKHQbXHUHQ VLFKPHKU/LHEH7UHXHXQG'DQNEDUNHLWYHUEDUJZLHLFKVSlWHU
(5%XUURXJKV-RKQ&DUWHUYRP0DUV HUIDKUHQVROOWHDOVPDQEHLGHQJDQ]HQIQI0LOOLRQHQJUQHQ 0DUVPHQVFKHQ ¿QGHQ NRQQWH GLH LQ GHQ YHUODVVHQHQ 6WlGWHQ XQGGHQDXVJHWURFNQHWHQ0HHUHQGHV0DUVXPKHUVWUHLIHQ
(5%XUURXJKV-RKQ&DUWHUYRP0DUV
;Y^TUbUbjYUXe^WQeVTU]=Qbc
1DFK GHP )UKVWFN GDV VLFK QLFKW LP JHULQJVWHQ YRQ GHU 0DKO]HLW DP 9RUWDJH XQWHUVFKLHG XQG JHQDXVR YHUOLHI ZLH MHGHV (VVHQ ZlKUHQG PHLQHV 9HUEOHLEV EHL GHQ JUQHQ 0DUVPHQVFKHQIKUWHPLFK6ROD]XGHP3ODW]DXIGHPVLFKGLH JHVDPWH *HPHLQVFKDIW YHUVDPPHOW KDWWH XQG GDEHL ]XVFKDXWH RGHUKDOIULHVLJHHOHIDQWHQDUWLJH7LHUHYRUGUHLUlGULJH.DURVVHQ ]X VSDQQHQ 'DYRQ JDE HV HWZD ]ZHLKXQGHUWXQGIQI]LJ XQG MHGHZXUGHYRQHLQHPHLQ]HOQHQ7LHUJH]RJHQREZRKOHLQMHGHV GHP$XVVHKHQQDFKGLHJDQ]H5HLKHYROOEHODGHQHU)XKUZHUNH PKHORVKlWWHDOOHLQEHZHJHQN|QQHQ 'LH .DURVVHQ VHOEVW ZDUHQ JHUlXPLJ XQG SUlFKWLJ DXVJHVWDWWHW ,Q MHGHU VD HLQH ZHLEOLFKH 0DUVEHZRKQHULQ JHVFKPFNW PLW *HVFKPHLGH -XZHOHQ 6HLGHQWFKHUQ XQG 3HO]HQ$XIGHP5FNHQMHGHV=XJWLHUHVVDHLQMXQJHU7UHLEHU *OHLFK GHQ 5HLWWLHUHQ GHU .ULHJHU WUXJHQ DXFK GLH VFKZHUHUHQ 7LHUH ZHGHU =DXP QRFK =JHO VRQGHUQ ZXUGHQ DOOHLQ GXUFK :LOOHQVEHUWUDJXQJJHIKUW 'LHVH )lKLJNHLW LVW EHL DOOHQ 0DUVEHZRKQHUQ HUVWDXQOLFK HQWZLFNHOW VLH HUNOlUW ZHLWHVWJHKHQG DXFK GLH (LQIDFKKHLW LKUHU6SUDFKHXQGEHJUQGHWZDUXPVRJDULP9HUODXIHODQJHU 8QWHUKDOWXQJHQUHODWLYZHQLJH:RUWHJHZHFKVHOWZHUGHQ(VLVW
(5%XUURXJKV-RKQ&DUWHUYRP0DUV GLH8QLYHUVDOVSUDFKHGHV0DUVGXUFKGLHVHV0HGLXPYHUP|JHQ GLH K|KHUHQWZLFNHOWHQ /HEHZHVHQ GLHVHU SDUDGR[HQ :HOW PLW GHQ ZHQLJHU HQWZLFNHOWHQ HLQLJHUPDHQ ]X NRPPXQL]LHUHQ LQZLHZHLWKlQJWYRQGHQLQWHOOHNWXHOOHQ)lKLJNHLWHQGHU6SH]LHV XQGGHU(QWZLFNOXQJGHV(LQ]HOQHQDE $OVVLFKGHU5HLWHU]XJLQ0DUVFKVHW]WH]RJPLFK6RODLQHLQH OHHUH.XWVFKHXQGZLUEHJDEHQXQVPLWGHP=XJGRUWKLQZRLFK DP9RUWDJHLQGLH6WDGWHLQJHULWWHQZDU'LH6SLW]HGHU.DUDZDQH ELOGHWHQHWZD]ZHLKXQGHUW.ULHJHUMHZHLOVIQIQHEHQHLQDQGHU KLQWHUXQVQRFKHLQPDOVRYLHOHZlKUHQGVLFKMHIQIXQG]ZDQ]LJ RGHUGUHLLJ%HJOHLWHUVHLWOLFKYRQXQVKLHOWHQ $OOHDXHUPLU0lQQHU)UDXHQXQG.LQGHUZDUHQVFKZHU EHZDIIQHW +LQWHU MHGHU .XWVFKH WURWWHWH HLQ 0DUVKXQG XQG DXFK PHLQHU EOLHE GLFKW KLQWHU PLU :lKUHQG GHU IROJHQGHQ ]HKQ -DKUH GLH LFK DXI GHP 0DUV YHUEUDFKWH YHUOLH GLHVH WUHXH.UHDWXUPLFKHLJHQWOLFKQLHYRQVLFKDXV'HU:HJIKUWH GXUFK GDV NOHLQH 7DO YRU GHU 6WDGW EHU GLH +JHO XQG KLQDE DXIGHQ*UXQGGHVWRWHQ0HHUHVGHQLFKDXIGHP:HJYRQGHU %UXWVWDWLRQ]XP3ODW]EHUHLWVGXUFKTXHUWKDWWH'LH%UXWVWDWLRQ HUZLHVVLFKGDQQDXFKDOVGDV5HLVH]LHOGHVKHXWLJHQ7DJHVXQG GDZLUEHL(UUHLFKHQGHVÀDFKHQ0HHUHVJUXQGHVLQHLQHQZLOGHQ *DORSSDXVEUDFKHQODJXQVHU=LHOEDOGLQ6LFKWZHLWH 'RUW DQJHODQJW KLHOWHQ GLH .XWVFKHQ PLW PLOLWlULVFKHU *HQDXLJNHLWQHEHQGHQYLHU6HLWHQGHU(LQJUHQ]XQJXQGHWZD ]HKQ .ULHJHU GDUXQWHU DXFK 7DUV 7DUNDV XQG HLQLJH QLHGHUH %HIHKOVKDEHU DOOHQ YRUDQ GHU ULHVLJH $QIKUHU VDHQ DE XQG QlKHUWHQ VLFK GHU $XHQPDXHU ,FK NRQQWH VHKHQ ZLH 7DUV 7DUNDV GHP 2EHUEHIHKOVKDEHU HWZDV HUNOlUWH GHVVHQ 1DPH
(5%XUURXJKV-RKQ&DUWHUYRP0DUV EULJHQVVRZHLWLFKHVLQV(QJOLVFKHEHUWUDJHQNDQQ/RUTXDV 3WRPHO-HGODXWHWHZREHL -HG GHQ7LWHOEH]HLFKQHWH %DOGHUIXKULFKDXFKGHQ*HJHQVWDQGGHV*HVSUlFKHVGHQQ 7DUV7DUNDVULHI6ROD]XVLHVROOHPLFK]XLKP]XEULQJHQ'D LFKPLFKLQ]ZLVFKHQGHQ6FKZLHULJNHLWHQGHU)RUWEHZHJXQJDXI GHP0DUVDQJHSDWKDWWHEHJDELFKPLFKEHIHKOVJHPlUDVFK ]XUDQGHUHQ6HLWHGHU%UXWVWDWLRQZRGLH.ULHJHUVWDQGHQ 'RUWDQJHODQJW]HLJWHPLUHLQ%OLFNGDGLH-XQJHQELVDXI ZHQLJH $XVQDKPHQ EHUHLWV JHVFKOSIW ZDUHQ XQG HV DXI GHU %UXWVWDWLRQYRQGHQKlOLFKHQNOHLQHQ7HXIHOQQXUVRZLPPHOWH 6LHZDUHQGUHLELVYLHU)XJURXQGEHZHJWHQVLFKLQQHUKDOE GHU0DXHUQUXKHORVKLQXQGKHUDOVVXFKWHQVLHQDFK1DKUXQJ 7DUV 7DUNDV ZLHV DXI GLH %UXWVWDWLRQ XQG VDJWH ]X PLU
6DN ,FK YHUVWDQG GD HU ZQVFKWH LFK VROOH GLH JHVWULJH 9RUVWHOOXQJYRU/RUTXDV3WRPHOZLHGHUKROHQXQGGDPLUPHLQ DXHUJHZ|KQOLFKHV .|QQHQ ]XJHJHEHQHUPDHQ QLFKW ZHQLJ %HIULHGLJXQJ YHUVFKDIIWH UHDJLHUWH LFK VFKQHOO XQG VSUDQJ ELV EHU GLH .XWVFKHQ DXI GHU JHJHQEHUOLHJHQGHQ 6HLWH GHU (LQJUHQ]XQJ$OVLFK]XUFNNHKUWHJUXQ]WH/RUTXDV3WRPHOPLU HWZDV ]X ZDQGWH VLFK DQ VHLQH .ULHJHU XQG JDE LKQHQ HLQLJH %HIHKOH KLQVLFKWOLFK GHU %UXWVWDWLRQ 6LH DFKWHWHQ QLFKW ZHLWHU DXIPLFKXQGVRNRQQWHLFKLQGHU1lKHEOHLEHQXQGYHUIROJHQ ZLHVLHHLQHgIIQXQJLQGLH:DQGEUDFKHQGLHJURJHQXJZDU XPGLHMXQJHQ0DUVPHQVFKHQKHUDXV]XODVVHQ 9RU GHP /RFK ELOGHWHQ GLH )UDXHQ XQG -XJHQGOLFKHQ HLQH ]LHPOLFKZHLWLQV)ODFKODQGUHLFKHQGH*DVVH]XGHQ.XWVFKHQ 'LH.OHLQHQVSUDQJHQGDULQZLH5HKHXPKHU0DQOLHVLHELV ]XP (QGH GHV *DQJHV ODXIHQ ZR VLH HLQHU QDFK GHP DQGHUHQ
(5%XUURXJKV-RKQ&DUWHUYRP0DUV YRQGHQ)UDXHQXQGlOWHUHQ.LQGHUQHLQJHIDQJHQZXUGHQ'HU OHW]WH LQ GHU 5HLKH JULII VLFK GHQ HUVWHQ $QN|PPOLQJ VHLQ *HJHQEHU GHQ ]ZHLWHQ XQG VR JLQJ HV ZHLWHU ELV DOOH GLH %UXWVWDWLRQYHUODVVHQKDWWHQXQGYRQHLQHP-XJHQGOLFKHQRGHU HLQHU)UDXLQ*HZDKUVDPJHQRPPHQZRUGHQZDUHQ+DWWHHLQH )UDX HLQHQ .OHLQHQ HLQJHIDQJHQ NHKUWH VLH PLW LKP ]X LKUHU .XWVFKH]XUFNZlKUHQGGLH-XJHQGOLFKHQGHQHLQJHIDQJHQHQ :LFKWVSlWHUHLQHUGHU)UDXHQEHUJDEHQ ,FK VDK GD GLH =HUHPRQLH YRUEHL ZDU IDOOV PDQ VLH VR XPVFKUHLEHQ NRQQWH XQG PDFKWH 6ROD LQ XQVHUHU .XWVFKH DXV¿QGLJ GLH HLQH GHU HQWVHW]OLFKHQ NOHLQHQ .UHDWXUHQ IHVW LQ GHQ$UPHQKLHOW 'LH (U]LHKXQJ GHU MXQJHQ JUQHQ 0DUVPHQVFKHQ EHVWHKW OHGLJOLFK GDULQ LKQHQ GLH 6SUDFKH VRZLH GLH +DQGKDEXQJ GHU .ULHJVDXVUVWXQJ EHL]XEULQJHQ PLW GHU VLH YRQ NOHLQ DXI EHUKlXIWZHUGHQ1DFKHLQHU%UXW]HLWYRQIQI-DKUHQVFKOSIHQ VLHDXVGHQ(LHUQXQGNRPPHQDEJHVHKHQYRQGHU*U|HYROO HQWZLFNHOW ]XU :HOW 6LH VLQG GLH .LQGHU GHU *HPHLQVFKDIW GHQ OHLEOLFKHQ 0WWHUQ Y|OOLJ XQEHNDQQW GLH LKUHUVHLWV 6FKZLHULJNHLWHQKlWWHQDXFKQXUDQQlKHUQG]XVDJHQZHULKUH 9lWHUVLQG'LH(U]LHKXQJZLUGGHUMHZHLOLJHQ)UDXEHUODVVHQ GLHVLHJOHLFKQDFK9HUODVVHQGHU%UXWVWDWLRQHLQIlQJW 8QWHU8PVWlQGHQKDEHQLKUH3ÀHJHPWWHUQLFKWHLQPDOHLQ(L LQGLH%UXWVWDWLRQJHOHJWZLHHVEHL6RODGHU)DOOZDUGLHQRFK QLFKW]XOHJHQEHJRQQHQKDWWHXQGHUVWYRUHLQHPNQDSSHQ-DKU GHQ 1DFKNRPPHQ HLQHU DQGHUHQ )UDX DXIJH]RJHQ KDWWH$EHU GDV ]lKOW EHL GHQ JUQHQ 0DUVPHQVFKHQ ZHQLJ GHQQ /LHEH ]ZLVFKHQ(OWHUQXQG.LQGLVWLKQHQHEHQVRXQEHNDQQWZLHXQV
(5%XUURXJKV-RKQ&DUWHUYRP0DUV VHOEVWYHUVWlQGOLFK ,FK VHKH LQ GLHVHP VFKUHFNOLFKHQ 6\VWHP GDVVHLW-DKUKXQGHUWHQH[LVWLHUWGHQHLJHQWOLFKHQ*UXQGIUGDV )HKOHQ DOOHU HGOHUHQ *HIKOH XQG DOOHU K|KHUHQ PHQVFKOLFKHQ ,QVWLQNWH EHL GLHVHQ DUPHQ .UHDWXUHQ 9RQ *HEXUW DQ ZLVVHQ VLH QLFKWV YRQ 9DWHU RGHU 0XWWHUOLHEH VLH NHQQHQ QLFKW GLH %HGHXWXQJGHV:RUWHV=XKDXVHPDQOHKUWVLHGDVLHQXUVRODQJH JHGXOGHWZHUGHQELVVLHGXUFKLKUHlXHUH(UVFKHLQXQJXQGLKUH *HZDOWWlWLJNHLWEHZHLVHQGDVLHOHEHQVIlKLJVLQG6ROOWHQVLH VLFK LQ LUJHQGHLQHU )RUP DOV YHUXQVWDOWHW RGHU XQYROONRPPHQ HUZHLVHQZHUGHQVLHXQYHU]JOLFKHUVFKRVVHQ$XFKKHJHQVLH NHLQ%HGDXHUQDXFKQXUIUHLQHGHUYLHOHQ*UDXVDPNHLWHQGLH LKQHQYRQIUKHVWHU.LQGKHLWDQDQJHWDQZHUGHQ ,FK PHLQH GDPLW QLFKW GD GLH (UZDFKVHQHQ DXI GHP 0DUV MXQJHQ 0HQVFKHQ JHJHQEHU XQQ|WLJHUZHLVH RGHU DEVLFKWOLFK JUDXVDPVLQGDEHUVLHIKUHQHLQHQKDUWHQXQGHUEDUPXQJVORVHQ ([LVWHQ]NDPSIDXIHLQHPVWHUEHQGHQ3ODQHWHQGHVVHQQDWUOLFKH 5RKVWRIIHVRZHLWDEJHQRPPHQKDEHQGDGLH(UKDOWXQJHLQHV MHGHQ ]XVlW]OLFKHQ /HEHQV HLQH ZHLWHUH %HODVWXQJ IU GLH MHZHLOLJH*HPHLQVFKDIWEHGHXWHW 'XUFK VRUJIlOWLJH $XVZDKO ]LHKHQ VLH QXU GLH ZLGHUVWDQGVIlKLJVWHQ ([HPSODUH MHGHU *DWWXQJ DXI XQG UHJXOLHUHQPLWIDVWEHUQDWUOLFKHU9RUDXVVLFKWGLH*HEXUWHQUDWH VR GD OHGLJOLFK GLH 6WHUEHIlOOH DXVJHJOLFKHQ ZHUGHQ -HGH HUZDFKVHQH)UDXDXIGHP0DUVOHJWMlKUOLFKXQJHIlKUGUHL]HKQ (LHU XQG DOOH GLH HLQHU EHVWLPPWHQ *U|H XQG *HZLFKW HQWVSUHFKHQ ZHUGHQ LQ GHQ 7LHIHQ HLQHV XQWHULUGLVFKHQ *HZ|OEHV YHUVWHFNW ZR GLH 7HPSHUDWXU ]XP $XVEUWHQ ]X QLHGULJLVW-HGHV-DKUXQWHUVXFKWHLQ5DWYRQ]ZDQ]LJ$QIKUHUQ
(5%XUURXJKV-RKQ&DUWHUYRP0DUV GLHVH(LHUVRUJIlOWLJXQGYRQMHGHUMlKUOLFKHQ$XVEHXWHZHUGHQ ELV DXI HWZD HLQKXQGHUW GHU EHVWHQ (LHU DOOH DQGHUHQ ]HUVW|UW 1DFK IQI -DKUHQ VLQG YLHOOHLFKW IQIKXQGHUW (LHU YRQ GHQ 7DXVHQGHQEULJJHEOLHEHQ'LHVHZHUGHQLQGLHIDVWOXIWGLFKWHQ %UXWVWDWLRQHQJHEUDFKWZRVLHLP9HUODXIHZHLWHUHUIQI-DKUH YRQ GHQ 6RQQHQVWUDKOHQ DXVJHEUWHW ZHUGHQ 'DV 6FKOSIHQ ZLHZLUHVKHXWHYHUIROJWHQYHUOLHILQGHUEOLFKHQ:HLVH%LV DXI HLQ 3UR]HQW GHU -XQJHQ VFKOSIHQ DOOH LQQHUKDOE YRQ ]ZHL 7DJHQ 6ROOWHQ DXV GHQ ]XUFNJHODVVHQHQ (LHUQ QRFK ZHOFKH KHUDXVJHNURFKHQ VHLQ VR HUIXKUHQ ZLU QLH HWZDV YRQ LKUHP 6FKLFNVDO 6LH ZDUHQ XQJHZROOW GD LKUH 1DFKNRPPHQ GLH 7HQGHQ]]XYHUOlQJHUWHP$XVEUWHQYHUHUEHQXQGVRGDV6\VWHP GXUFKHLQDQGHUEULQJHQZUGHQGDVMDKUKXQGHUWHODQJIXQNWLRQLHUW KDWWHXQGHVGHQHUZDFKVHQHQ0DUVPHQVFKHQHUODXEWHDXIGLH 6WXQGHJHQDXGHQULFKWLJHQ=HLWSXQNW]XHUUHFKQHQ]XGHPVLH ]XGHQ%UXWVWDWLRQHQ]XUFNNHKUHQPXWHQ 'LH%UXWVWDWLRQHQEHIDQGHQVLFKLQHQWOHJHQHQ*HELHWHQZR QXUZHQLJRGHUJDUNHLQH:DKUVFKHLQOLFKNHLWEHVWDQGGDDQGHUH 6WlPPHVLHHQWGHFNWHQ(LQVROFKHU)DOOKlWWHHLQH.DWDVWURSKH EHGHXWHWGHQQLQQHUKDOEGHUQlFKVWHQIQI-DKUHJlEHHVGDQQ NHLQH .LQGHU 6SlWHU VROOWH LFK PLWHUOHEHQ ZHOFKH )ROJHQ HV KDWWHZHQQ)UHPGHDXIHLQHQVROFKHQ,QNXEDWRUVWLHHQ ,Q GLHVHU *HPHLQVFKDIW JUQHU 0DUVPHQVFKHQ ZRKLQ PLFK PHLQ 6FKLFNVDO YHUVFKODJHQ KDWWH OHEWHQ HWZD GUHLLJWDXVHQG 6HHOHQ 6LH EHY|ONHUWHQ HLQ ULHVLJHV *HELHW XQIUXFKWEDUHQ XQG |GHQ /DQGHV DXI GHU VGOLFKHQ +DOENXJHO KDXSWVlFKOLFK GHQ VGZHVWOLFKHQ 7HLO QDKH GHU .UHX]XQJ ]ZHLHU VR JHQDQQWHU 0DUVNDQlOH
(5%XUURXJKV-RKQ&DUWHUYRP0DUV 'DGLH%UXWVWDWLRQZHLWQ|UGOLFKYRQGHPHLJHQHQ7HUULWRULXP LQ HLQHP RIIHQEDU XQEHZRKQWHQ XQG ZHQLJ EHVXFKWHQ *HELHW HUULFKWHWZRUGHQZDUVWDQGXQVHLQHJHZDOWLJH5HLVHEHYRUYRQ GHULFKQDWUOLFKQLFKWVZLVVHQNRQQWH :LHGHU LQ GHU WRWHQ 6WDGW DQJHODQJW YHUEUDFKWH LFK HLQLJH 7DJH LQ YHUKlOWQLVPlLJHP 0LJJDQJ$P7DJ QDFK XQVHUHU 5FNNHKUULWWHQDOOH.ULHJHUIUKDP0RUJHQIRUWXQGNHKUWHQ HUVW NXU] YRU (LQEUXFK GHU 'XQNHOKHLW ]XUFN 6SlWHU HUIXKU LFKGDVLHVLFK]XGHQXQWHULUGLVFKHQ+|KOHQEHJHEHQKDWWHQ LQ GHQHQ GLH (LHU JHODJHUW ZXUGHQ 'LHVH KDWWHQ VLH QXQ ]XU %UXWVWDWLRQJHEUDFKWGDEHLGLH0DXHUQHUQHXHUWXQGZUGHQGLH 6WDWLRQDOOHU:DKUVFKHLQOLFKNHLWQDFKZlKUHQGGHUQlFKVWHQIQI -DKUHQLFKWZLHGHUEHVXFKHQ 'LH*HZ|OEHLQGHQHQGLH(LHUELVGDKLQODJHUWHQEHIDQGHQ VLFK YLHOH 0HLOHQ VGOLFK GHV ,QNXEDWRUV ZR LKQHQ GHU 5DW GHU ]ZDQ]LJ %HIHKOVKDEHU DOOMlKUOLFK HLQHQ %HVXFK DEVWDWWHWH :DUXP VLH GLH +|KOHQ XQG %UXWVWDWLRQHQ QLFKW QlKHU EHL LKUHP =XKDXVH HUULFKWHWHQ EOLHE PLU LPPHU HLQ 5lWVHO GDV ZLH YLHOHDQGHUH5lWVHODXI GHP 0DUV XQJHO|VW EOHLEHQVROOWH GD HV XQVHUHP LUGLVFKHQ 9RUVWHOOXQJVYHUP|JHQ XQG XQVHUHQ *HZRKQKHLWHQZLGHUVSUDFK 1XQ KDWWHQ VLFK 6RODV 3ÀLFKWHQ YHUGRSSHOW GHQQ VLH PXWH VLFK HEHQVR XP GHQ MXQJHQ 0DUVPHQVFKHQ NPPHUQ ZLH XP PLFK LQGHV QDKP NHLQHU YRQ XQV YLHO $XIPHUNVDPNHLW LQ $QVSUXFKXQGGDZLUEHLGHKLQVLFKWOLFKXQVHUHU)lKLJNHLWHQDXI GHPJOHLFKHQ6WDQGZDUHQXQWHUULFKWHWHXQV6ROD]XVDPPHQ 6LHKDWWHHLQ0lQQFKHQHUEHXWHWXQJHIlKUYLHU)XJURVHKU VWDUNXQGYRQYROONRPPHQHP.|USHUEDX(VOHUQWHVFKQHOOXQG
(5%XUURXJKV-RKQ&DUWHUYRP0DUV ]XPLQGHVWLFKIDQGEHWUlFKWOLFKHV9HUJQJHQDQGHP:HWWVWUHLW PLWLKP:LHVFKRQJHVDJWLVWGLH6SUDFKHGHU0DUVPHQVFKHQ VHKU HLQIDFK XQG LQQHUKDOE HLQHU :RFKH NRQQWH LFK PHLQH :QVFKH lXHUQ XQG YHUVWDQG VHOEVW IDVW DOOHV ZDV PDQ PLU PLWWHLOWHbKQOLFKHQWZLFNHOWHLFKXQWHU6RODV$QOHLWXQJPHLQH WHOHSDWKLVFKHQ)lKLJNHLWHQVRGDLFKEDOGGDUDXIEHLQDKHDOOHV ZDKUQDKPZDVXPPLFKKHUXPYRUVLFKJLQJ 6ROD]HLJWHVLFKEHVRQGHUVEHUUDVFKWGDQLHPDQGDXFKQXU GDVJHULQJVWHYRQPHLQHQ*HGDQNHQOHVHQNRQQWHZlKUHQGLFK GLH ,QIRUPDWLRQHQ DQGHUHU PKHORV DXIQHKPHQ NRQQWH DXFK ZHQQ VLH RIW QLFKW DQ PLFK JHULFKWHW ZDUHQ =XHUVW HUVFKLHQ PLUGDVOlVWLJVSlWHUZDULFKGDUEHUVHKUIURKGDHVPLUHLQHQ XQ]ZHLIHOKDIWHQ9RUWHLOEHUGLH0DUVPHQVFKHQYHUVFKDIIWH
(5%XUURXJKV-RKQ&DUWHUYRP0DUV
5Y^UXRcSXU7UVQ^WU^Uf_]8Y]]U\
$P GULWWHQ 7DJ QDFK GHU =HUHPRQLH EHL GHU %UXWVWDWLRQ PDFKWHQZLUXQVZLHGHUDXIGHQ:HJGRFKNDXPEHIDQGVLFK GLH6SLW]HGHU.RORQQHLP)ODFKODQGYRUGHU6WDGWZXUGH%HIHKO ]XPVRIRUWLJHQVFKQHOOHQ5FN]XJJHJHEHQ$OVKlWWHQVLHVLFK GDULQ MDKUHODQJ JHEW O|VWHQ VLFK GLH JUQHQ 0DUVPHQVFKHQ I|UPOLFK LQ /XIW DXI XQG YHUVFKZDQGHQ LQ GHQ JHUlXPLJHQ (LQJlQJHQ GHU QDKHJHOHJHQHQ *HElXGH ELV QDFK ZHQLJHU DOV GUHL 0LQXWHQ YRP JHVDPWHQ 5HLWHU]XJ GHQ )DKU]HXJHQ 'LFNKlXWHUQXQGEHULWWHQHQ.ULHJHUQQLFKWVPHKU]XVHKHQZDU 6ROD XQG LFK KDWWHQ XQV LQ HLQ *HElXGH DP 6WDGWUDQG JHÀFKWHW (V ZDU GDVVHOEH LQ GHP LFK GDPDOV PLW GHQ$IIHQ ]XVDPPHQJHWURIIHQ ZDU XQG GD LFK ZLVVHQ ZROOWH ZRULQ GLH 8UVDFKHGHVSO|W]OLFKHQ5FN]XJHVEHVWDQGEHJDELFKPLFKLQ HLQK|KHUHV6WRFNZHUNOXJWHDXVGHP)HQVWHULQV7DOXQGDXI GLHGDKLQWHUOLHJHQGHQ+JHOXQGYHUVWDQGZDUXPVLHVRKDVWLJ 6FKXW]JHVXFKWKDWWHQ(LQULHVLJHVJUDXHV)DKU]HXJODQJXQG ÀDFKJOLWWODQJVDPEHUGLHQlFKVWH(UKHEXQJ'DKLQWHUIROJWH QRFKHLQVXQGQRFKHLQVELV]ZDQ]LJYRQLKQHQGLFKWEHUGHP %RGHQVFKZHEHQGPDMHVWlWLVFKDXIXQV]XVHJHOWHQ hEHU GHQ $XIEDXWHQ ZHKWH YRQ YRUQ ELV DFKWHUQ HLQH VHOWVDPH )DKQH $P %XJ HLQHV MHGHQ ZDU HLQ HLJHQWPOLFKHV
(5%XUURXJKV-RKQ&DUWHUYRP0DUV 6LQQELOG HLQJH]HLFKQHW GDV LP 6RQQHQOLFKW JOlQ]WH XQG VRJDU DXVGHU(QWIHUQXQJNODU]XHUNHQQHQZDU,FKNRQQWH*HVWDOWHQ VHKHQ GLH DXI GHQ 9RUGHUGHFNV XQG$XIEDXWHQ GHU )OXJ]HXJH XPKHUZLPPHOWHQ2EVLHXQVHQWGHFNWKDWWHQRGHUVLFKOHGLJOLFK GLH YHUODVVHQH 6WDGW DQVFKDXWHQ NRQQWH LFK QLFKW VDJHQ $XI MHGHQ )DOO ZXUGH LKQHQ HLQ XQIUHXQGOLFKHU (PSIDQJ EHUHLWHW GHQQ GLH JUQHQ 0DUVPHQVFKHQ JDEHQ SO|W]OLFK XQG RKQH :DUQXQJYRQGHQ)HQVWHUQGHUGHP7DO]XJHZDQGWHQ*HElXGH HLQHYHUKHHUHQGH6DOYHDXIGLHJURHQ6FKLIIHDEGLHVRIULHGOLFK QlKHUNDPHQ $XJHQEOLFNOLFK YHUZDQGHOWH VLFK GLH 6]HQH ZLH GXUFK =DXEHUHL 'DV YRUGHUVWH %RRW GUHKWH XQV GLH 6HLWH ]X EUDFKWH GLH:DIIHQ LQ 6WHOOXQJ XQG HUZLGHUWH GDV )HXHU EHZHJWH VLFK NXU]H =HLW SDUDOOHO ]X XQV XQG ZHQGHWH GDQQ RIIHQVLFKWOLFK XP HLQHQ JURHQ %RJHQ ]X EHVFKUHLEHQ XQG XQV DEHUPDOV GLH %UHLWVHLWH ]X]XNHKUHQ 'LH DQGHUHQ %RRWH IROJWHQ GHP HUVWHQ ZREHLMHGHVGDV)HXHUDXIXQVHU|IIQHWHVREDOGHVDXIXQVHUHU 3RVLWLRQ ZDU 8QVHU )HXHU OLH QLFKW HLQHQ 0RPHQW QDFK XQG LFK ]ZHLÀH RE DXFK QXU IQIXQG]ZDQ]LJ 3UR]HQW XQVHUHU 6FKVVH GDV =LHO YHUIHKOWHQ 1RFK QLH KDWWH LFK HLQH VROFK W|GOLFKH7UHIIJHQDXLJNHLWJHVHKHQ0LUVFKLHQDOVREEHLMHGHP 6FKX DXI HLQHP GHU %RRWH HLQH NOHLQH *HVWDOW GDUQLHGHUVDQN ZlKUHQG GLH )DKQHQ XQG$XIEDXWHQ VLFK LQ HLQ )ODPPHQPHHU DXÀ|VWHQVREDOGGLHXQIHKOEDUHQ*HVFKRVVHXQVHUHU.ULHJHUDXI VLHQLHGHUJLQJHQ 'DV )HXHU GHU %RRWH ZDU lXHUVW XQZLUNVDP GD GLH HUVWH 6DOYHGLH6FKLIIVEHVDW]XQJJlQ]OLFKXQYRUEHUHLWHWWUDIXQGGLH
(5%XUURXJKV-RKQ&DUWHUYRP0DUV 6XFKJHUlWHGHU*HZHKUHYRUGHQ6FKVVHQXQJHVFKW]WZDUHQ ZLHLFKVSlWHUK|UWH 2IIHQVLFKWOLFK KDW MHGHU JUQH .ULHJHU ZlKUHQG GHV *HIHFKWHVEHVWLPPWH=LHOSXQNWH(LQ7HLOYRQLKQHQLPPHUGLH EHVWHQ 6FKW]HQ QLPPW EHLVSLHOVZHLVH EHL HLQHU DQJUHLIHQGHQ 0DULQHWUXSSHGLHGUDKWORVHQ6XFKXQG6LFKWJHUlWHGHU:DIIHQ DXIV .RUQ HLQ DQGHUHV NOHLQHV .RPPDQGR NPPHUW VLFK DXI GLHVHOEH:HLVHXPGLHNOHLQHUHQ:DIIHQDQGHUHZLHGHUXPXP GLH6FKW]HQHLQLJHXPGLH2I¿]LHUHXQGEHVWLPPWH*UXSSHQ NRQ]HQWULHUHQVLFKDXIGLHEULJHQ0LWJOLHGHUGHU%HVDW]XQJEHL GHQ$XIEDXWHQDP6WHXHUXQGEHLGHQ3URSHOOHUQ =ZDQ]LJ 0LQXWHQ QDFK GHU HUVWHQ 6DOYH VFKZDQJ GLH JURH )ORWWHKHUXPXQGVFKOHSSWHVLFKLQGHU5LFKWXQJGDYRQDXVGHU VLHDXIJHWDXFKWZDU(LQLJHGHU6FKLIIHVFKZDQNWHQGHXWOLFKXQG EHIDQGHQVLFKNDXPQRFKXQWHUGHU.RQWUROOHGHUJHVFKZlFKWHQ 0DQQVFKDIW 6LH KDWWHQ GDV )HXHU JlQ]OLFK HLQJHVWHOOW XQG VFKLHQHQ DOO LKUH (QHUJLH QXU QRFK DXI GDV (QWNRPPHQ ]X NRQ]HQWULHUHQ 1XQ VWUPWHQ XQVHUH .ULHJHU DXI GLH 'lFKHU XQVHUHU*HElXGHXQGYHUIROJWHQGHQDE]LHKHQGHQ)ORWWHQYHUEDQG PLWHLQHPDQKDOWHQGW|GOLFKHQ.XJHOKDJHO 'HQQRFK WDXFKWH HLQ 6FKLII QDFK GHP DQGHUHQ KLQWHU GHQ DQJUHQ]HQGHQ+JHOQDEELVQXUQRFKHLQHLQ]LJHVVLFKNDXP EHZHJHQGHV ]X VHKHQ ZDU (V KDWWH GHQ +DXSWVWR XQVHUHV $QJULIIVKLQQHKPHQPVVHQXQGVFKLHQQXQJlQ]OLFKKHUUHQORV ]XVHLQGDVLFKDQ'HFNQLFKWVPHKUUHJWH/DQJVDPNDPHVYRQ VHLQHP.XUVDE]RJHLQHQ%RJHQXQGWDXPHOWHPLWOHLGHUUHJHQG DXI XQV ]X 6RIRUW VWHOOWHQ GLH .ULHJHU GDV )HXHU HLQ GHQQ HV ZDURIIHQVLFKWOLFKGDGDV6FKLIIY|OOLJZHKUORVXQGZHLWGDYRQ
(5%XUURXJKV-RKQ&DUWHUYRP0DUV HQWIHUQWZDUXQV6FKDGHQ]X]XIJHQGDHVQLFKWHLQPDOPHKU ÀLHKHQNRQQWH $OVHVVLFKGHU6WDGWQlKHUWHOLHIHQGLH.ULHJHULKPHQWJHJHQ GRFKHVZDUQRFK]XZHLWREHQDOVGDVLHGLH'HFNVHUUHLFKHQ NRQQWHQ 9RQ PHLQHU JQVWLJHQ 3RVLWLRQ NRQQWH LFK GLH %HVDW]XQJ DQ 'HFN YHUVWUHXW OLHJHQ VHKHQ DEHU OHLGHU QLFKW IHVWVWHOOHQ XP ZHOFKH $UW YRQ *HVFK|SIHQ HV VLFK KDQGHOWH .HLQ /HEHQV]HLFKHQ ZDU DXV]XPDFKHQ DOV GDV 6FKLII YRQ GHU OHLFKWHQ%ULVHODQJVDPLQVG|VWOLFKH5LFKWXQJJHWUDJHQZXUGH (VWULHEHWZDIQI]LJ)XEHUGHU(UGHYRUVLFKKLQJHIROJW YRQ DOOHQ .ULHJHUQ ELV DXI HWZD HLQKXQGHUW GLH ]XUFN DXI GLH 'lFKHU EHIRKOHQ ZRUGHQ ZDUHQ XP JHJHQ GLH P|JOLFKH 5FNNHKU GHU )ORWWH RGHU GDV (LQWUHIIHQ YRQ 9HUVWlUNXQJ JHZDSSQHW]XVHLQ%DOGZXUGHNODUGDGDV/XIWVFKLIIHLQHVGHU *HElXGHHWZDHLQH0HLOHVGOLFKYRQXQVVWUHLIHQZUGHXQG ZlKUHQGLFKGLH9HUIROJXQJEHREDFKWHWHVDKLFKHLQLJH.ULHJHU YRUDXVJDORSSLHUHQ DEVLW]HQ XQG LQ GDV EHWUHIIHQGH *HElXGH UHQQHQ .XU] EHYRU GDV )OXJ]HXJ GDUDQ VWLH PLQGHUWHQ GLH 0DUVNULHJHUPLWLKUHQODQJHQ6SHHUHQYRQGHQ)HQVWHUQDXVGHQ $XISUDOO,QQHUKDOEZHQLJHU$XJHQEOLFNHZDUIHQVLH(QWHUKDNHQ DXV XQG GDV JURH %RRW ZXUGH YRQ GHQ 8QWHQVWHKHQGHQ KHUDEJH]RJHQ 1DFKGHP VLH HV YHUDQNHUW KDWWHQ GXUFKIRUVFKWHQ VLH HV YRQ YRUQELVDFKWHUQ,FKVDKZLHVLHQDFKhEHUOHEHQGHQVXFKWHQ XQG EDOG GDUDXI WDXFKWH HLQH *UXSSH YRQ XQWHQ DXI GLH HLQH NOHLQH*HVWDOWPLWVLFK]RJ'DV*HVFK|SIZDUQLFKWKDOEVRJUR ZLHGLHJUQHQ0DUVNULHJHU9RQPHLQHP%DONRQDXVNRQQWHLFK
(5%XUURXJKV-RKQ&DUWHUYRP0DUV VHKHQGDHVDXIUHFKWDXI]ZHL%HLQHQJLQJXQGLFKYHUPXWHWH GD HV VLFK XP HLQ QHXHV VHOWVDPHV XQG PLJHELOGHWHV 0DUVZHVHQKDQGHOWH 6LHEUDFKWHQGHQ*HIDQJHQHQ]XP%RGHQXQGEHJDQQHQGDV %RRWV\VWHPDWLVFKDXV]XSOQGHUQ'LHVQDKPPHKUHUH6WXQGHQ LQ$QVSUXFKLQGHQHQYLHOH)XKUZHUNHGDIUHLQJHVHW]WZXUGHQ GLH %HXWH DE]XWUDQVSRUWLHUHQ GLH DXV :DIIHQ 0XQLWLRQ 6HLGHQWFKHUQ3HO]HQ-XZHOHQVHOWVDPJHIRUPWHQ6WHLQJHIlHQ XQG /HEHQVPLWWHOQ EHVWDQG HLQVFKOLHOLFK YLHOHU:DVVHUIlVVHU GHUHUVWHQGLHLFKVHLWPHLQHU$QNXQIWDXIGHP0DUVVDK 1DFKGHP DOOHV IRUWJHVFKOHSSW ZRUGHQ ZDU EHIHVWLJWHQ GLH .ULHJHU/HLQHQDQGHP)DKU]HXJXQG]RJHQHVLQVGZHVWOLFKHU 5LFKWXQJLQV7DOKLQDXV(LQLJHJLQJHQQRFKHLQPDODQ%RUGXQG ZDUHQVRZHLWLFKDXVGHU(QWIHUQXQJVHKHQNRQQWHHPVLJGDPLW EHVFKlIWLJWHLQLJH.RUEÀDVFKHQEHUGHQ7RWHQGHP'HFNXQG GHQ$XIEDXWHQGHV6FKLIIHVDXV]XOHHUHQ $OV VLH GDPLW IHUWLJ ZDUHQ NOHWWHUWHQ VLH VFKQHOO EHU GLH %RUGZlQGH XQG OLHHQ VLFK DQ GHU $EVSDQQXQJ KLQXQWHU %HYRUGHUOHW]WH.ULHJHUGDV'HFNYHUOLHZDQGWHHUVLFKQRFK HLQPDO XP ZDUI HWZDV DXI 'HFN XQG ZDUWHWH HLQHQ 0RPHQW DXI GDV (UJHEQLV VHLQHV 7XQV $OV GRUW ZR GHU *HJHQVWDQG DXIJHVFKODJHQZDUHLQHVFKZDFKH)ODPPHDXIVWLHJVFKZDQJHU VLFKEHUGLH%RUGZDQGXQGVSUDQJ]X%RGHQ$XJHQEOLFNOLFK ZXUGHQ GLH /HLQHQ JHNDSSW XQG GDV JURH .ULHJVVFKLII GXUFK GDV $XVSOQGHUQ ZHVHQWOLFK HUOHLFKWHUW VFKZDQJ VLFK PDMHVWlWLVFKDXÀRGHUQGLQGLH/IWH'HFNVXQG$XIEDXWHQHLQ HLQ]LJHV)ODPPHQPHHU
(5%XUURXJKV-RKQ&DUWHUYRP0DUV /DQJVDPVFKZHEWHHVJHQ6GRVWHQXQGVWLHJLQGHP0DH LPPHU K|KHU LQ GHP GLH )ODPPHQ GLH K|O]HUQHQ $XIEDXWHQ YHU]HKUWHQ XQG VR GDV *HZLFKW YHUPLQGHUWHQ 9RP 'DFK GHV *HElXGHVEHREDFKWHWHLFKHVVWXQGHQODQJELVLFKHVVFKOLHOLFK LQ GHU WUEHQ )HUQH DXV GHP %OLFN YHUORU 'HU$QEOLFN GLHVHV PlFKWLJHQ ORVJHO|VWHQ 6FKHLWHUKDXIHQV GHU KHUUHQORV DP |GHQ 0DUVKLPPHO HQWODQJGULIWHWH À|WH PLU (KUIXUFKW HLQ HLQ:UDFN GHV7RGHV XQG GHU =HUVW|UXQJ HLQ 6LQQELOG IU GLH /HEHQVJHVFKLFKWH GLHVHU VHOWVDPHQ XQG IXUFKWHLQÀ|HQGHQ .UHDWXUHQ LQ GHUHQ XQIUHXQGOLFKH $UPH PLFK GDV 6FKLFNVDO JHZRUIHQKDWWH 6HOWVDPHUZHLVH ZDU LFK lXHUVW QLHGHUJHVFKODJHQ DOV LFK PLFKODQJVDPQDFKXQWHQDXIGLH6WUDHEHJDE'LH6]HQHGLH LFKPLWHUOHEWKDWWHVFKLHQGLH1LHGHUODJHXQG=HUVW|UXQJHLQHV PLUYHUZDQGWHQ9RONHV]XEH]HLFKQHQXQGQLFKWGLH9HUQLFKWXQJ HLQHU +RUGH lKQOLFKHU XQIUHXQGOLFKHU .UHDWXUHQ GXUFK XQVHUH JUQHQ .ULHJHU ,FK NRQQWH GLHVHV *HIKO QLFKW EHJUHLIHQ QRFK NRQQWH LFK PLFK GDYRQ EHIUHLHQ 'RFK LUJHQGZR WLHI LQ PHLQHP,QQHUVWHQIKOWHLFKPLFKDXIVHOWVDPH:HLVH]XGLHVHQ XQEHNDQQWHQ:LGHUVDFKHUQKLQJH]RJHQXQGKRIIWHVHKUGDGLH )ORWWH ]XUFNNHKUHQ XQG PLW GHQ JUQHQ .ULHJHUQ DEUHFKQHQ P|JHGLHVLHVRJQDGHQORVXQGE|VZLOOLJDQJHJULIIHQKDWWHQ 0LUIROJWHZLHEOLFK:RRODGHU+XQGXQGDOVLFKDXIGHU 6WUDHDXIWDXFKWHVWUPWH6RODDXIPLFK]XDOVKDEHVLHPLFK VFKRQJHVXFKW'HU5HLWHU]XJNHKUWH]XP)RUXP]XUFNGDIU GLHVHQ7DJGHU+HLPPDUVFKDEJHEODVHQZRUGHQZDU(UZXUGH DXFKHUVWQDFKHLQHUUHLFKOLFKHQ:RFKHDQJHWUHWHQGDPDQHLQHQ *HJHQDQJULIIGXUFKGLH)OXJ]HXJHEHIUFKWHWH
(5%XUURXJKV-RKQ&DUWHUYRP0DUV /RUTXDV 3WRPHO ZDU HLQ ]X LQWHOOLJHQWHU XQG HUIDKUHQHU .ULHJVPDQQ DOV GD HU VLFK LP RIIHQHQ *HOlQGH PLW HLQHU .RORQQH YRQ )DKU]HXJHQ XQG .LQGHUQ EHUUDVFKHQ ODVVHQ ZROOWH 'DKHU EOLHEHQ ZLU LQ GHU YHUODVVHQHQ 6WDGW ELV GLH *HIDKUYRUEHU]XVHLQVFKLHQ $OV 6ROD XQG LFK DP )RUXP DQNDPHQ JHVFKDK HWZDV GDV PLFKEHUXQGEHUPLW+RIIQXQJHUIOOWHJHPLVFKWPLW)XUFKW -XEHO XQG 7UDXHU ZREHL GHQQRFK HLQ VFKZDFKHV *HIKO YRQ (UOHLFKWHUXQJXQG*OFNYRUKHUUVFKWH$OVZLUXQVGHU0HQJH QlKHUWHQ ¿QJ LFK HLQHQ %OLFN YRQ GHP *HIDQJHQHQ DXV GHP )OXJ]HXJ DXI ZlKUHQG HU YRQ HLQLJHQ JUQHQ 0DUVPHQVFKHQ XQVDQIWLQHLQQDKHV*HElXGHJH]HUUWZXUGH 'LHVFKODQNHPlGFKHQKDIWH*HVWDOWlKQHOWHLQMHGHP'HWDLO GHUGHU)UDXHQDXIGHU(UGH6LHVDKPLFK]XHUVWQLFKWDEHUDOV VLHLP(LQJDQJLKUHV*HIlQJQLVVHVYHUVFKZDQGZDQGWHVLHVLFK XPXQGXQVHUH%OLFNHWUDIHQVLFK6LHKDWWHHLQRYDOHVVFK|Q JHVFKQLWWHQHV*HVLFKWIHLQH=JHJURHVWUDKOHQGH$XJHQXQG HLQHQGLFKWHQ6FK|SIUDEHQVFKZDU]HQZHOOLJHQ+DDUHVGDVORVH LQ HLQHU VHOWVDPHQ DEHU DQPXWLJHQ )ULVXU ]XVDPPHQJHKDOWHQ ZXUGH,KUH+DXWIDUEHZDUKHOOURWZLH.XSIHUGDV5XELQURWGHU HGHOJHIRUPWHQ/LSSHQZLUNWHPHUNZUGLJVFKLOOHUQG :LH GLH JUQHQ 0DUVPHQVFKHQ LKUHU %HJOHLWXQJ ZDU VLH EDUMHGHU.OHLGXQJPLW$XVQDKPHGHVNXQVWYROOYHUDUEHLWHWHQ 6FKPXFNHVDOVRY|OOLJQDFNWGRFKKlWWHDXFKNHLQHUOHL*HZDQG GLH 6FK|QKHLW LKUHU YROONRPPHQHQ HEHQPlLJHQ )LJXU PHKU EHWRQHQN|QQHQ $OVVLHPLFKDQVDKZHLWHWHQVLFKLKUH$XJHQYRU(UVWDXQHQ XQGVLHJDEPLUPLWLKUHUIUHLHQ+DQGHLQNOHLQHV=HLFKHQGDVLFK
(5%XUURXJKV-RKQ&DUWHUYRP0DUV QDWUOLFKQLFKWYHUVWHKHQNRQQWH:LUEOLFNWHQXQVQXUNXU]DQ GDQQYHUEODWHGHUKRIIQXQJVYROOH]XYHUVLFKWOLFKH%OLFNGHULKU $QWOLW]QRFKYHUVFK|QHUWKDWWHXQGZLFKlXHUVWHU0XWORVLJNHLW JHPLVFKWPLW$EVFKHXXQG9HUDFKWXQJ,FKYHUVWDQG,FKKDWWH LKU =HLFKHQ QLFKW HUZLGHUW 'RFK VR ZHQLJ LFK EHU %UlXFKH DXIGHP0DUV%HVFKHLGZXWHLFKVSUWHLQWXLWLYGDVLHPLFK XP%HLVWDQGXQG6FKXW]JHEHWHQKDWWH1XUKDWWHLFKDXI*UXQG PHLQHUXQVHOLJHQ8QZLVVHQKHLWQLFKWDQWZRUWHQN|QQHQ'DQQ ZXUGHVLHLQGHQ7LHIHQGHVYHUODVVHQHQ*HElXGHVPHLQHU6LFKW HQW]RJHQ
(5%XUURXJKV-RKQ&DUWHUYRP0DUV
9SXUb\Ub^UTYUC`bQSXU
$OV LFK ZLHGHU ]X PLU NDP XQG ]X 6ROD EOLFNWH GLH GLHVHQ =ZLVFKHQIDOO PLWYHUIROJW KDWWH EHPHUNWH LFK ]X PHLQHP (UVWDXQHQ LQ LKUHP *HVLFKW DQVWHOOH GHU JHZRKQWHQ *OHLFKJOWLJNHLW HLQHQ K|FKVW VHOWVDPHQ $XVGUXFN 1DWUOLFK NRQQWH LFK LKUH *HGDQNHQ QLFKW OHVHQ DXFK UHLFKWHQ PHLQH 6SUDFKNHQQWQLVVHOHGLJOLFKIUGHQWlJOLFKHQ%HGDUI $P (LQJDQJ XQVHUHV *HElXGHV HUZDUWHWH PLFK HLQH PHUNZUGLJH hEHUUDVFKXQJ (LQ .ULHJHU WUDW PLW :DIIHQ 6FKPXFNXQGYROOVWlQGLJHU.DPSIDXVUVWXQJDXIPLFK]XXQG EHUUHLFKWH VLH PLU PLW HLQLJHQ XQYHUVWlQGOLFKHQ :RUWHQ XQG HLQHPHEHQVRUHVSHNWYROOHQZLHGURKHQGHP*HEDUHQ 6SlWHU SDWH 6ROD PLW +LOIH HLQLJHU DQGHUHU )UDXHQ GLH $XVUVWXQJPHLQHQNOHLQHUHQ.|USHUPDHQDQVRGDLFKIRUWDQ LQYROOHU.ULHJVDXVUVWXQJXPKHUOLHI 9RQGDDQXQWHUZLHVPLFK6RODLP*HEUDXFKGHUYHUVFKLHGHQHQ :DIIHQ $XFK YHUEUDFKWH LFK YLHOH 6WXQGHQ IU hEXQJHQ PLW GHPMXQJHQ0DUVPHQVFKHQDXIGHP)RUXP1RFKZDULFKQLFKW VHKUJHZDQGWLQGHU+DQGKDEXQJGHU:DIIHQGRFKGDLFKPLW lKQOLFKHQDXIGHU(UGHEHVWHQVYHUWUDXWZDUZXUGHLFKEDOGHLQ
(5%XUURXJKV-RKQ&DUWHUYRP0DUV XQJHZ|KQOLFK JHOHKULJHU 6FKOHU XQG NDP ]X PHLQHU )UHXGH VHKUVFKQHOOYRUDQ 8P XQVHUH (U]LHKXQJ NPPHUWHQ VLFK DXVVFKOLHOLFK GLH )UDXHQGRFKEHVWDQGLKUH$XIJDEHQLFKWQXULQGHU$XVELOGXQJ GHU-XJHQGOLFKHQDXIGHP*HELHWGHU6HOEVWYHUWHLGLJXQJXQGGHV $QJULIIV VRQGHUQ DXFK LQ GHU +HUVWHOOXQJ MHQHU *HJHQVWlQGH GLHGLHJUQHQ0DUVPHQVFKHQEHLVLFKWUXJHQ6LHSURGX]LHUWHQ GDV 3XOYHU GLH 3DWURQHQ XQG GLH *HZHKUH ,P *UXQGH ZXUGH DOOHVYRQ:HUWYRQGHQ)UDXHQHU]HXJW,Q.ULHJV]HLWHQELOGHWHQ VLHHLQHQ7HLOGHU5HVHUYHWUXSSHQXQGZHQQQ|WLJNlPSIWHQVLH VRJDULQWHOOLJHQWHUXQGJUDXVDPHUDOVGLH0lQQHU 'LH 0lQQHU ZHUGHQ LQ GHQ K|KHUHQ %HUHLFKHQ GHU .ULHJVNXQVWDXVJHELOGHWVLHEHQVLFKLQ7DNWLNXQGLQJU|HUHQ 7UXSSHQEHZHJXQJHQ *HVHW]H VFKDIIHQ VLH VLFK QDFK %HGDUI HV JLEW IU MHGHQ )DOO HLQH QHXH 5HJHO ,Q GHU 5HFKWVSUHFKXQJ VSLHOHQ 3Ul]HGHQ]IlOOH NHLQH 5ROOH %UlXFKH ZHUGHQ EHU -DKUKXQGHUWH EHUOLHIHUW GRFK ZHQQ HLQHU HLQHQ PLDFKWHW ULFKWHQ GLH 0LWPHQVFKHQ GHV 6FKXOGLJHQ LQGLYLGXHOO EHU GHQ )DOOXQGVRGHQNHLFKGDGHU*HUHFKWLJNHLW*HQJHJHWDQZLUG XQGVLHHKHUEHUGDV*HVHW]]XKHUUVFKHQVFKHLQW=XPLQGHVWLQ HLQHU+LQVLFKWVLQGGLH0DUVPHQVFKHQHLQJOFNOLFKHV9RON6LH KDEHQNHLQH5HFKWVJHOHKUWHQ ,FKVDKGLH*HIDQJHQHHUVWHLQLJH7DJHQDFKXQVHUHPHUVWHQ =XVDPPHQWUHIIHQZLHGHUXQGDXFKGDHUKDVFKWHLFKQXUHLQHQ ÀFKWLJHQ%OLFNYRQLKUDOVPDQVLH]XGHPJURHQ6DDOIKUWH ZRLFK]XPHUVWHQ0DOPLW/RUTXDV3WRPHO]XVDPPHQJHWURIIHQ ZDU0LU¿HOGLHXQQ|WLJH*UDXVDPNHLWXQG%UXWDOLWlWDXIPLW GHUGLH:DFKHQVLHEHKDQGHOWHQGDVLHVLFKVRVHKUYRQGHUIDVW
(5%XUURXJKV-RKQ&DUWHUYRP0DUV PWWHUOLFKHQ )UVRUJH 6RODV XQG GHU UHVSHNWYROOHQ +DOWXQJ HLQLJHU ZHQLJHU JUQHU 0DUVPHQVFKHQ XQWHUVFKLHG VRIHUQ VLH PLFKEHUKDXSWHLQHV%OLFNHVZUGLJWHQ ,Q GHQ ]ZHL )lOOHQ LQ GHQHQ LFK GLH *HIDQJHQH JHVHKHQ KDWWHEHPHUNWHLFKGDVLHPLWLKUHQ%HZDFKHUQHLQLJH:RUWH ZHFKVHOWH 'HPQDFK NRQQWHQ VLH VLFK LQ HLQHU JHPHLQVDPHQ 6SUDFKH XQWHUKDOWHQ RGHU ]XPLQGHVW YHUVWlQGOLFK PDFKHQ 'DGXUFK DQJHVSRUQW GUlQJWH LFK 6ROD QRFK PHKU PHLQH $XVELOGXQJ ]X EHVFKOHXQLJHQ XQG LQQHUKDOE ZHQLJHU 7DJH EHKHUUVFKWHLFKGLH6SUDFKHKLQUHLFKHQGXPPLFKHLQLJHUPDHQ XQWHUKDOWHQXQGDOOHV*HK|UWHYROOYHUVWHKHQ]XN|QQHQ =XGLHVHU=HLWOHEWHQQHEHQ6RODLKUHPMXQJHQ0QGHOPLU XQG PHLQHP +XQG QRFK GUHL RGHU YLHU )UDXHQ XQG PHKUHUH NU]OLFK JHVFKOSIWH -XQJHQ LQ XQVHUHQ 6FKODIUlXPHQ :HQQ VLH VLFK ]XU 1DFKW ]XUFNJH]RJHQ KDWWHQ SÀHJWHQ VLFK GLH (UZDFKVHQHQ QRFK IU NXU]H =HLW EHU DOOHV P|JOLFKH ]X XQWHUKDOWHQ EHYRU VLH LQ GHQ 6FKODI VDQNHQ 'D LFK QXQ GLH 6SUDFKHYHUVWDQGZXUGHLFK]XHLQHPHLIULJHQ=XK|UHUREZRKO LFKQLHPDOVVHOEVWHLQH%HPHUNXQJHLQZDUI $QGHP$EHQGQDFKGHPGLH*HIDQJHQHLP$XGLHQ]]LPPHU YRUJHIKUW ZRUGHQ ZDU EHUKUWH GLH 8QWHUKDOWXQJ VFKOLHOLFK DXFK GLHVHV 7KHPD XQG LFK ZDU DXJHQEOLFNOLFK JDQ] 2KU ,FK KDWWH PLFK JHVFKHXW 6ROD EHU GLH VFK|QH *HIDQJHQH ]X EHIUDJHQGDLFKLPPHUZLHGHUGHQVHOWVDPHQ*HVLFKWVDXVGUXFN YRU$XJHQ KDWWH GHQ LFK QDFK PHLQHP =XVDPPHQWUHIIHQ PLW GHU *HIDQJHQHQ EHL LKU EHREDFKWHW KDWWH ,FK ZLOO QLFKW VDJHQ GD HU YRQ (LIHUVXFKW ]HXJWH GRFK IKOWH LFK ]XPDO LFK DOOHV QRFKLPPHUPLWZHOWOLFKHQ0DVWlEHQPDGDHVEHVVHUZDU
(5%XUURXJKV-RKQ&DUWHUYRP0DUV *OHLFKJOWLJNHLW YRU]XWlXVFKHQ ELV LFK 6RODV (LQVWHOOXQJ LQ GLHVHU$QJHOHJHQKHLWEHVVHUNHQQHQJHOHUQWKDWWH 6DUNRMDHLQHGHUlOWHUHQ)UDXHQGLHPLWXQVGLH6FKODIUlXPH WHLOWH ZDU DOV HLQH GHU :DFKHQ LP $XGLHQ]VDDO DQZHVHQG JHZHVHQDQVLHZDQGWHQVLFKGLH)UDJHQGHQ (LQHGHU)UDXHQZROOWHZLVVHQª:DQQN|QQHQZLUXQVDQGHQ 7RGHVTXDOHQGHU5RWHQHUIUHXHQ"2GHUEHKlOW/RUTXDV3WRPHO GHU-HGVLHZHJHQHLQHV/|VHJHOGHV"© ª6LHKDEHQHQWVFKLHGHQVLHPLW]X7KDUN]XQHKPHQXQGLKUHQ 7RGHVNDPSIEHLGHQJURHQ6SLHOHQYRU7DO+DMXV]XU6FKDX]X VWHOOHQ©HUZLGHUWH6DUNRMD ª$XIZHOFKH$UWZLUGVLHVWHUEHQ"©HUNXQGLJWHVLH6RODª6LH LVWVHKUNOHLQXQGVHKUVFK|QLFKKDWWHJHKRIIWPDQZUGHHLQ /|VHJHOGIUVLHIRUGHUQ© 6DUNRMDXQGGLHDQGHUHQ)UDXHQJUXQ]WHQlUJHUOLFKDQJHVLFKWV HLQHVVROFKHQ=HLFKHQVYRQ6FKZlFKH ª'XKlWWHVWYRUHLQHU0LOOLRQ-DKUHJHERUHQZHUGHQPVVHQ 6ROD DOV DOOH 0XOGHQ GHV /DQGHV PLW :DVVHU JHIOOW XQG GLH /HXWH VR ZHLFK ZDUHQ ZLH GDV =HXJ DXI GHP VLH VHJHOWHQ© VFKQDX]WH 6DUNRMD ª=X XQVHUHU =HLW EH¿QGHQ ZLU XQV DXI HLQHU (QWZLFNOXQJVVWXIH ZR VROFKH *HIKOH $Q]HLFKHQ YRQ 6FKZlFKHXQG5FNIDOOLQDOWH9HUKDOWHQVZHLVHQEHGHXWHQ7DUV 7DUNDVVROOWHQLFKW]X2KUHQNRPPHQGDGXVROFKHNUDQNKDIWHQ *HIKOH KHJVW GD LFK EH]ZHLÀH GD HU MHPDQGHQ ZLH GLFK GDQQPLWHLQHUVRHUQVWKDIWHQ9HUDQWZRUWXQJZLH0XWWHUVFKDIW EHWUDXW©
(5%XUURXJKV-RKQ&DUWHUYRP0DUV ª$QPHLQHP,QWHUHVVHIUGLHVHURWH)UDXLVWQLFKWV)DOVFKHV© HUZLGHUWH 6ROD ª6LH KDW XQV QLFKWV JHWDQ DXFK ZUGH VLH XQV NHLQHQ6FKDGHQ]XIJHQZHQQZLULQLKUH+lQGHIDOOHQZUGHQ 1XU GLH 0lQQHU LKUHV 9RONHV VWHKHQ PLW XQV LP .ULHJ XQG LFK GHQNH GD LKUH +DOWXQJ XQV JHJHQEHU QXU GLH XQVULJH LKQHQ JHJHQEHU ZLGHUVSLHJHOW 0LW DOO LKUHQ /HXWHQ OHEHQ VLH LQ )ULHGHQ DXHU ZHQQ GLH 3ÀLFKW VLH ]XP .ULHJ DXIIRUGHUW ZlKUHQG ZLU PLW QLHPDQGHP DXVNRPPHQ HZLJ PLW DOOHQ 6WlPPHQ XQVHUHU $UW LQ )HKGH OHEHQ XQG HLQDQGHU VRJDU LQQHUKDOEXQVHUHU*HPHLQVFKDIWEHNlPSIHQ1HLQHVLVWQXUHLQH VFKUHFNOLFKH =HLW SDXVHQORVHQ %OXWYHUJLHHQV YRQ GHU 6WXQGH LQGHUZLUGLH6FKDOHQGXUFKEUHFKHQELVZLUXQVJOFNVHOLJGHQ $UPHQGHVJHKHLPQLVYROOHQ)OXVVHVDQYHUWUDXHQGHVGXQNOHQ XUDOWHQ ,VV GHU XQV LQ HLQ XQEHNDQQWHV ]XPLQGHVW DEHU QLFKW VFKUHFNOLFKHUHV XQG XQHUWUlJOLFKHUHV 'DVHLQ WUlJW *OFNOLFK LVW WDWVlFKOLFK GHU GHU HLQHQ IUKHQ 7RG HUOHLGHW (U]lKOH 7DUV 7DUNDV ZDV GX P|FKWHVW HU NDQQ PLU NHLQ VFKOLPPHUHV 6FKLFNVDOEHUHLWHQDOVGLH)RUWVHW]XQJGHVHQWVHW]OLFKHQ'DVHLQV GDVZLUDOVXQVHU/HKHQEHWUDFKWHQ© 'LH DQGHUHQ )UDXHQ ZDUHQ YRQ GLHVHP OHLGHQVFKDIWOLFKHQ $XVEUXFK6RODVGHUDUWEHUUDVFKWXQGHUVFKWWHUWGDVLHQDFK HLQLJHQDOOJHPHLQHQ:RUWHQGHV7DGHOVYHUVWXPPWHQXQGEDOG GDUDXI HLQVFKOLHIHQ 'LH (SLVRGH KDWWH PLFK MHGRFK GDYRQ EHU]HXJWGD6RODGHP0lGFKHQJXWJHVLQQWZDUXQGGDLFK JURHV*OFNJHKDEWKDWWHLQLKUH+lQGH]XIDOOHQXQGQLFKWLQ GLHHLQHUMHQHUDQGHUHQ)UDXHQ,FKZXWHGDVLHPLFKPRFKWH XQGGDLFKQXQKHUDXVJHIXQGHQKDWWHZLHVHKUVLH*UDXVDPNHLW XQG %DUEDUHL KDWH ZDU LFK PLU VLFKHU PLFK GDUDXI YHUODVVHQ ]X N|QQHQ GD VLH PLU XQG GHP 0lGFKHQ EHL GHU )OXFKW
(5%XUURXJKV-RKQ&DUWHUYRP0DUV KHOIHQ ZUGH YRUDXVJHVHW]W HLQH VROFKH ODJ LP 5DKPHQ GHV 0|JOLFKHQ ,FKZXWHQLFKWHLQPDOREHVLUJHQGHLQEHVVHUHV'DVHLQJDE ZRKLQPDQÀFKWHQNRQQWHGRFKVWUHEWHLFKGDQDFKPHLQ*OFN HKHU EHL HLQHP 9RON ]X YHUVXFKHQ GDV PHKU QDFK PHLQHU$UW JHVFKDIIHQZDUDOVOlQJHUEHLGHQVFKUHFNOLFKHQEOXWUQVWLJHQ JUQHQ0DUVPHQVFKHQ]XEOHLEHQ'RFKZRKLQ]XÀLHKHQXQG ZLH EHUHLWHWH PLU HEHQ VROFKHV .RSI]HUEUHFKHQ ZLH IU GHQ (UGHQPHQVFKHQ GLH MDKUKXQGHUWHODQJH 6XFKH QDFK GHU 4XHOOH GHVHZLJHQ/HEHQV ,FKEHVFKOR6RODEHLGHUHUVWHQ*HOHJHQKHLWLQV9HUWUDXHQ]X ]LHKHQXQGVLHRKQH8PVFKZHLIHXP+LOIH]XELWWHQ0LWGLHVHP IHVWHQ9RUVDW]ZDQGWHLFKPLFKDXIPHLQHQ6HLGHQWFKHUQXQG 3HO]HQ XP XQG VFKOLHI EDOG GHQ WUDXPORVHQ XQG HUIULVFKHQGHQ 6FKODIHLQHV0DUVPHQVFKHQ
(5%XUURXJKV-RKQ&DUWHUYRP0DUV
;y]`VUbe^T1^VXbUb
$P QlFKVWHQ 0RUJHQ ZDU LFK VFKRQ IUK DXI GHQ %HLQHQ 0DQOLHPLUEHWUlFKWOLFKH)UHLKHLWHQ:LH6RODPLUPLWJHWHLOW KDWWH GXUIWH LFK NRPPHQ XQG JHKHQ ZDQQ XQG ZRKLQ LFK ZROOWH QXU QLFKW GLH 6WDGW YHUODVVHQ 'HQQRFK ZDUQWH VLH PLFKXQEHZDIIQHWORV]X]LHKHQGDGLHVH6WDGWZLHDOOHDQGHUHQ HKHPDOLJHQ 0HWURSROHQ GHU YHUJDQJHQHQ =LYLOLVDWLRQ QXQ YRQ GHQ JURHQ ZHLHQ $IIHQ EHY|ONHUW ZXUGH PLW GHQHQ LFK DQ PHLQHP]ZHLWHQ7DJLQ%HUKUXQJJHNRPPHQZDU 6LH ZLHV PLFK QDFKGUFNOLFK GDUDXI KLQ GLH 6WDGWJUHQ]HQ QLFKW ]X EHUVFKUHLWHQ XQG HUNOlUWH GD:RROD PLFK VRZLHVR GDUDQ KLQGHUQ ZUGH ,FK VROOH NHLQHVIDOOV VHLQHQ 8QZLOOHQ HUUHJHQ XQG VHLQH :DUQXQJHQ LJQRULHUHQ ZHQQ LFK GHP YHUERWHQHQ*HELHW]XQDKHNDPGHQQHV OlJHLQVHLQHU1DWXU PLFKWRWRGHUOHEHQGLJ]XUFN]XEULQJHQVROOWHLFKDXIPHLQHQ :LOOHQEHKDUUHQª+|FKVWZDKUVFKHLQOLFKDEHUWRW©PHLQWHVLH $Q GLHVHP 0RUJHQ ZROOWH LFK HLQH QHXH 6WUDH HUNXQGHQ DOVLFKPLFKSO|W]OLFKDP6WDGWUDQGZLHGHUIDQG9RUPLUODJHQ GLH ÀDFKHQ *HELUJV]JH GXUFK GLH VLFK VFKPDOH HLQODGHQGH 6FKOXFKWHQ LKUHQ :HJ EDKQWHQ ,FK VHKQWH PLFK GDQDFK GDV /DQG YRU PLU ]X GXUFKIRUVFKHQ $OV 1DFKNRPPH YRQ
(5%XUURXJKV-RKQ&DUWHUYRP0DUV 3LRQLHUHQZROOWHLFKVHKHQZHOFKH/DQGVFKDIWVLFKPLUYRQGHQ XQVLFKWEDUHQ*LSIHOQGHU+|KHQ]JHHU|IIQHWH $XHUGHP VFKLHQ PLU GDV HLQH DXVJH]HLFKQHWH 0|JOLFKNHLW ]X ELHWHQ :RROD DXI GLH 3UREH ]X VWHOOHQ ,FK ZDU EHU]HXJW GD PLFK GDV 7LHU OLHEWH KDWWH LFK GRFK PHKU$Q]HLFKHQ YRQ =XQHLJXQJ EHL LKP IHVWVWHOOHQ N|QQHQ DOV EHL MHGHP DQGHUHQ /HEHZHVHQ YRP 0DUV XQG LFK ZDU EHU]HXJW GD VHLQH 'DQNEDUNHLW ZHLO LFK LKP ]ZHLPDO GDV /HEHQ JHUHWWHW KDWWH VHLQ 3ÀLFKWJHIKO JHJHQEHU GHQ JUDXVDPHQ XQG OLHEORVHQ +HUUHQPHKUDOVDXIZLHJHQZUGH $OVLFKPLFKGHU*UHQ]OLQLHQlKHUWHOLHI:RRODEHVRUJWYRU PLFK XQG ZDUI VLFK PLW JDQ]HP *HZLFKW JHJHQ PHLQH %HLQH (UZLUNWHPHKUELWWHQGDOV]RUQLJ:HGHUEOHFNWHHUGLHJURHQ 6WR]lKQH QRFK VWLH HU LUJHQGZHOFKH IXUFKWHLQÀ|HQGHQ NHKOLJHQ /DXWH DXV 'D PLU GLH )UHXQGVFKDIW XQG *HVHOOLJNHLW PHLQHVJOHLFKHQIHKOWHKDWWHLFKIU:RRODXQG6RODEHWUlFKWOLFKH =XQHLJXQJHQWZLFNHOWGHQQGHUQRUPDOH(UGHQPHQVFKEUDXFKW IU VHLQH QDWUOLFKHQ *HIKOH HLQ 2EMHNW GHVZHJHQ EHVFKOR LFK EHL GLHVHP ULHVLJHQ 8QWLHU DQ HLQHQ lKQOLFKHQ ,QVWLQNW ]X DSSHOOLHUHQEHU]HXJWQLFKWHQWWlXVFKW]XZHUGHQ ,FKKDWWHLKQELVGDKLQQRFKQLHJHVWUHLFKHOWRGHUJHOLHENRVW 1XQDEHUVHW]WHLFKPLFKDXIGHQ%RGHQOHJWHLKPGLH$UPHXP GHQGLFNHQ1DFNHQVWUHLFKHOWHLKQXQGUHGHWHPLWLKPLQPHLQHU QHXHUOHUQWHQ6SUDFKHZLHLFKPLWPHLQHP+XQG]X+DXVHRGHU PLWMHGHPDQGHUHQ7LHUJHUHGHWKlWWH6HLQH5HDNWLRQDXIPHLQH =lUWOLFKNHLWHQZDUlXHUVWHLQGUXFNVYROOHUULGDV0DXODXIVR ZHLWHVJLQJHQWEO|WHGLHREHUH5HLKHGHU6WR]lKQHXQGUROOWH GLH /LSSH QDFK REHQ ELV GLH JURHQ $XJHQ GXUFK GLH )DOWHQ
(5%XUURXJKV-RKQ&DUWHUYRP0DUV EHLQDKYHUERUJHQZDUHQ:HQQGHU/HVHUMHPDOVHLQHQ&ROOLHKDW OlFKHOQVHKHQNDQQHUVLFKYLHOOHLFKWYRUVWHOOHQZLH:RRODQXQ DXVVDK (UZDUIVLFKDXIGHQ5FNHQZlO]WHVLFKI|UPOLFK]XPHLQHQ )HQ KSIWH XPKHU VSUDQJ PLFK DQ ZDUI PLFK PLW VHLQHP JURHQ *HZLFKW ]X %RGHQ XQG ZDQG XQG NUPPWH VLFK ZLH HLQ:HOSHGHUHLQHPGHQ5FNHQ]XZHQGHWXPGLHHUVHKQWHQ 6WUHLFKHOHLQKHLWHQ ]X HUODQJHQ ,FK NRQQWH GHU .RPLN GHU 6LWXDWLRQQLFKWZLGHUVWHKHQKLHOWPLUGLH6HLWHQXQG EDUVWYRU /DFKHQGHPHUVWHQGDVPLUVHLWYLHOHQ7DJHQEHUGLH/LSSHQ NDPHLJHQWOLFKGHPHUVWHQVHLWMHQHP0RUJHQDOV3RZHOOGDV /DJHU YHUOLH VHLQ 3IHUG ODQJH XQJHULWWHQ LKQ XQHUZDUWHW DEZDUIXQGHUNRSIEHULQHLQHQ7RSIPLW%RKQHQVWU]WH 0HLQ *HOlFKWHU HUVFKUHFNWH :RROD VHLQH 3RVVHQ QDKPHQ HLQMlKHV(QGHHUNDPPLWOHLGHUUHJHQGDQJHNURFKHQXQGOHJWH GHQ KlOLFKHQ .RSI DXI PHLQHQ 6FKR 'D ¿HO PLU HLQ ZDV *HOlFKWHUDXIGHP0DUVEHGHXWHWH0LKDQGOXQJ/HLGHQXQG 7RG ,FK YHUVXFKWH PLFK ]X EHUXKLJHQ VWULFK PHLQHP DUPHQ *HIlKUWHQEHU.RSIXQG5FNHQVSUDFKHLQLJH0LQXWHQDXILKQ HLQEHIDKOLKPGDQQPLWJHELHWHULVFKHU6WLPPHPLU]XIROJHQ HUKREPLFKXQGPDFKWHPLFKDXIGHQ:HJ]XGHQ$QK|KHQ )RUWDQJDEHV]ZLVFKHQXQVZHLWHUNHLQH)UDJHQKLQVLFKWOLFK GHU $XWRULWlW 9RQ GLHVHP 0RPHQW DQ ZDU :RROD PHLQ KLQJHEXQJVYROOHU6NODYHXQGLFKVHLQHLQ]LJHUXQGXQEHVWULWWHQHU +HUU,FKEUDXFKWHELV]XGHQ+JHOQQXUHLQLJH0LQXWHQGRFK EOLHE PHLQ ,QWHUHVVH XQEHORKQW =DKOUHLFKH VWUDKOHQG EXQWH XQG VHOWVDP JHIRUPWH ZLOGH %OXPHQ ZXFKVHQ KLHU XQG GD LQ GHQ6FKOXFKWHQ9RP*LSIHOGHVHUVWHQ+JHOVHUEOLFNWHLFKLQ
(5%XUURXJKV-RKQ&DUWHUYRP0DUV Q|UGOLFKHU5LFKWXQJDQGHUH$QK|KHQGHUHQ.HWWHQLPPHUPHKU DQVWLHJHQELVVLHVLFKLQHLQHP*HELUJHHLQGUXFNVYROOHU*U|H YHUORUHQ6SlWHUPXWHLFKDOOHUGLQJVIHVWVWHOOHQGDQXUZHQLJH *LSIHODXIGHP0DUVK|KHUDOVYLHUWDXVHQG)XZDUHQXQGK|KHU ZLUNWHQDOVLQ:LUNOLFKNHLW 0HLQ 0RUJHQVSD]LHUJDQJ EHVD IU PLFK HLQH JURH %HGHXWXQJGHQQQXQYHUVWDQGLFKPLFKYROONRPPHQPLW:RROD LQGHVVHQVLFKHUHP*HZDKUVDPPLFK7DUV7DUNDVZlKQWH0LUZDU NODUJHZRUGHQGDLFKWURW]PHLQHUHLJHQWOLFKHQ*HIDQJHQVFKDIW IUHLZDUXQGLFKEHHLOWHPLFKLQGLH6WDGW]XNRPPHQEHYRU :RRODV 7UHXORVLJNHLW EHL VHLQHQ YRUKHULJHQ +HUUHQ UXFKEDU ZXUGH ,FK HQWVFKLHG PLFK QLH PHKU GDV PLU YRUJHJHEHQH 5HYLHU]XYHUODVVHQELVLFKPLFKHLQIUDOOHPDOKHUDXVZDJHQ NRQQWHZHLOHVDQGHUQIDOOVVLFKHUOLFKGLH(LQVFKUlQNXQJPHLQHU )UHLKHLWHQ XQG ZDKUVFKHLQOLFK :RRODV 7RG ]XU )ROJH KDEHQ ZUGHIDOOVPDQXQVHQWGHFNWH :LHGHU DXI GHP )RUXP DQJHNRPPHQ HUEOLFNWH LFK GLH *HIDQJHQH ]XP GULWWHQ 0DO 6LH VWDQG PLW LKUHQ :DFKHQ YRU GHP(LQJDQJ]XP$XGLHQ]VDDOXQGEHLPHLQHP1lKHUNRPPHQ EOLFNWHVLHPLFKKRFKPWLJDQXQGZDQGWHPLUGHQ5FNHQ]X 'DV9HUKDOWHQZLUNWHVHKUIUDXOLFKLUGLVFKIUDXOLFKXQGREZRKO HVPHLQHQ6WRO]YHUOHW]WHZXUGHPLUJDQ]ZDUPXPV+HU](V ZDUJXW]XZLVVHQGDHVDXIGHP0DUVQRFKMHPDQGHQJDEGHU GLH,QVWLQNWHHLQHV]LYLOLVLHUWHQ0HQVFKHQEHVDDXFKZHQQVLH VLFKGHUDUWVFKPHU]KDIWXQGNUlQNHQGRIIHQEDUWHQ +lWWH HLQH JUQH 0DUVIUDX LKUH$EQHLJXQJ RGHU9HUDFKWXQJ ]HLJHQ ZROOHQ KlWWH VLH HV DOOHU :DKUVFKHLQOLFKNHLW QDFK PLW HLQHP6FKZHUWVWRRGHUGHU%HZHJXQJGHV)LQJHUVDP$E]XJ
(5%XUURXJKV-RKQ&DUWHUYRP0DUV JHWDQ'DLKUH*HIKOHDEHUPHLVWYHUNPPHUWZDUHQKlWWHHV HLQHUHUQVWKDIWHQ9HUOHW]XQJEHGXUIWXPlKQOLFKH(PS¿QGXQJHQ LQLKUKHUYRU]XUXIHQ,FKPXKLQ]XIJHQGDLFK6RODQLHPDOV HLQHJUDXVDPHRGHUUDXKH+DQGOXQJEHJHKHQVDK6LHEOLHELPPHU XQYHUPLQGHUW IUHXQGOLFK XQG JXW 7DWVlFKOLFK WUXJ VLH =JH HLQHUDXVJHVWRUEHQHQ*HQHUDWLRQLQVLFKZLHLKUH0LWPHQVFKHQ VDJWHQOLHEHQVZHUWH(LJHQVFKDIWHQGHUIUHXQGOLFKHQ9RUIDKUHQ NDPHQLQLKUZLHGHU]XP9RUVFKHLQ $OV LFK VDK GD GLH *HIDQJHQH VLFK LP 0LWWHOSXQNW GHU $XIPHUNVDPNHLW EHIDQG EOLHE LFK VWHKHQ XP GDV *HVFKHKHQ PLW]XYHUIROJHQ,FKEUDXFKWHQLFKWODQJH]XZDUWHQGHQQEDOG QlKHUWHVLFK/RUTXDV3WRPHOPLWGHQEULJHQ%HIHKOVKDEHUQZLHV GLH:DFKHDQPLWGHU*HIDQJHQHQ]XIROJHQXQGEHWUDWGHQ6DDO 'DLFKPLUPHLQHUEHYRU]XJWHQ6WHOOXQJEHZXWXQGDXHUGHP EHU]HXJWZDUGDGLH.ULHJHUYRQPHLQHQ6SUDFKNHQQWQLVVHQ QLFKWVDKQWHQJHODQJHVPLUGHQ$XGLHQ]VDDO]XEHWUHWHQXQG GHU$QK|UXQJ]XODXVFKHQ,FKKDWWH6RODHLQGULQJOLFKJHEHWHQ PHLQH.HQQWQLVVHIUVLFK]XEHKDOWHQGDLFKQLFKW]XP5HGHQ JH]ZXQJHQZHUGHQZROOWHEHYRULFKGLH6SUDFKHYROONRPPHQ EHKHUUVFKWH 'HU5DWKRFNWHVLFKDXIGLH6WXIHQGHV3RGLXPVZlKUHQGGLH *HIDQJHQH PLW LKUHQ ]ZHL :DFKHQ ]X VHLQHQ )HQ VWDQG ,Q HLQHUYRQLKQHQHUNDQQWHLFK6DUNRMD1XQZDUPLUNODUZLHVLH EHLGHU$QK|UXQJDPYRUKHUJHKHQGHQ7DJDQZHVHQGVHLQNRQQWH YRQ GHU VLH GHQ ,QVDVVHQ XQVHUHV 6FKODIUDXPHV LQ GHU OHW]WHQ 1DFKWEHULFKWHWKDWWH,KUH+DOWXQJJHJHQEHUGHU*HIDQJHQHQ ZDU lXHUVW EDUVFK XQG EUXWDO :HQQ VLH VLH IHVWKLHOW GUFNWH VLH LKUH 1lJHO LQ GDV )OHLVFK GHV DUPHQ 0lGFKHQV RGHU NQLII
(5%XUURXJKV-RKQ&DUWHUYRP0DUV VLH DXI VHKU VFKPHU]KDIWH :HLVH LQ GHQ$UP 0XWHQ VLH GHQ 3ODW] ZHFKVHOQ YHUVHW]WH VLH LKU HQWZHGHU HLQHQ KHIWLJHQ 6WR RGHUVFKREVLHXQVDQIWYRUVLFKKHU6LHVFKLHQDQGLHVHUDUPHQ KLOÀRVHQ.UHDWXUDOOGHQ+DGLH*UDXVDPNHLWGLH:LOGKHLWXQG GHQ*UROOLKUHUQHXQKXQGHUW-DKUHDXV]XODVVHQGLHVLFKLQLKUHQ ZLOGHQ XQG EUXWDOHQ 9RUIDKUHQ LP /DXIH YRQ -DKUKXQGHUWHQ DQJHVDPPHOWKDWWHQ 'LH DQGHUH )UDX ZDU ZHQLJHU JUDXVDP HKHU YROONRPPHQ JOHLFKJOWLJXQGKlWWHPDQGLH*HIDQJHQHLKUDOOHLQEHUODVVHQ ZLHHVGHV1DFKWV]XP*OFNGHU)DOOZDUKlWWHVLHGLHVHQRUPDO EHKDQGHOWRGHUEHUKDXSWQLFKWEHDFKWHW $OV /RUTXDV 3WRPHO GLH *HIDQJHQH DQVSUHFKHQ ZROOWH ¿HO VHLQ%OLFNDXIPLFKXQGHUZDQGWHVLFKPLW:RUWHQXQG*HVWHQ GHV8QZLOOHQVDQ7DUV7DUNDV'LHVHUJDEHLQH$QWZRUWGLHLFK ]ZDUQLFKWK|UHQNRQQWHGLH/RUTXDV3WRPHOMHGRFKHLQ/lFKHOQ HQWORFNWH'DQDFKVFKHQNWHQVLHPLUNHLQHZHLWHUH%HDFKWXQJ ª:LHLVWGHLQ1DPH"©IUDJWH/RUTXDV3WRPHOGLH*HIDQJHQH ª'HMDK7KRULV7RFKWHUGHV0RUV.DMDNYRQ+HOLXP© ª:HOFKHU$UWZDUHXUH([SHGLWLRQ"©VHW]WHHUIRUW ª6LH GLHQWH DXVVFKOLHOLFK ZLVVHQVFKDIWOLFKHQ =ZHFNHQ 8QVHUH*UXSSHZXUGHYRP9DWHUPHLQHV9DWHUVGHP-HGGDNYRQ +HOLXPDXVJHVHQGHWXPGLH/XIWVWU|PHQHX]XYHU]HLFKQHQXQG GLH 'LFKWH GHU$WPRVSKlUH ]X SUIHQ© HUZLGHUWH GLH KEVFKH *HIDQJHQHPLWOHLVHUXQGZRKONOLQJHQGHU6WLPPH ª:LU ZDUHQ DXI HLQHQ .DPSI QLFKW YRUEHUHLWHW GD ZLU XQV DXI HLQHU IULHGOLFKHQ 0LVVLRQ EHIDQGHQ ZLH XQVHUH )DKQHQ XQGGLH)DUEHQXQVHUHU)DKU]HXJH]HLJWHQ©IXKUVLHIRUWª'LH
(5%XUURXJKV-RKQ&DUWHUYRP0DUV $UEHLW GLH ZLU YHUULFKWHWHQ ODJ HEHQVR LQ HXUHP ,QWHUHVVH ZLH LQ XQVHUHP GHQQ LKU ZLW VHKU ZRKO GD HV RKQH XQVHUH %HPKXQJHQ XQG XQVHUH ZLVVHQVFKDIWOLFKHQ (UNHQQWQLVVH DXI GHP 0DUV QLFKW HLQPDO JHQXJ /XIW XQG :DVVHU IU HLQHQ HLQ]LJHQ0HQVFKHQJlEH-DKUKXQGHUWHODQJKDEHQZLUGLH/XIW XQG:DVVHUYHUVRUJXQJRKQHQHQQHQVZHUWH9HUOXVWHDXISUDNWLVFK GHPVHOEHQ 3XQNW JHKDOWHQ XQG GDV WURW] HXUHV EUXWDOHQ XQG GXPPHQ:LGHUVWDQGHV :DUXP QXU N|QQW LKU QLFKW OHUQHQ PLW HXUHVJOHLFKHQ LQ IULHGOLFKHP (LQYHUQHKPHQ ]X OHEHQ ZDUXP JHKW LKU VHLW -DKUKXQGHUWHQ HXUHP HQGJOWLJHQ $XVVWHUEHQ HQWJHJHQ XQG XQWHUVFKHLGHW HXFK GDEHL QLFKW VHKU YRQ GHQ VWXPPHQ .UHDWXUHQGLHHXFKGLHQHQ(LQ9RONRKQH6FKULIWRKQH.XQVW RKQH +HLPDW RKQH /LHEH 2SIHU HLQHV XUDOWHQ VFKUHFNOLFKHQ *HPHLQVFKDIWVVLQQHV ,KU EHVLW]W DOOHV JHPHLQVFKDIWOLFK VRJDU HXUH )UDXHQ XQG .LQGHU XQG LP (UJHEQLV JHK|UW HXFK EHUKDXSW QLFKWV ,KU KDW HLQDQGHU ZLH LKU DOOHV DXHU HXFK VHOEVW KDW .HKUW XP OHEW ZLH HXUH 9RUIDKUHQ WUHWHW LQ GDV /LFKW GHU )UHXQGOLFKNHLW XQG *HPHLQVDPNHLW 'HU :HJ VWHKW HXFK RIIHQ GLH URWHQ 0HQVFKHQ UHLFKHQ HXFK GLH +DQG XP HXFK ]X KHOIHQ *HPHLQVDP N|QQHQ ZLU QRFK PHKU WXQ XP XQVHUHQVWHUEHQGHQ3ODQHWHQQHX]XJHVWDOWHQ'LH(QNHOLQGHV JU|WHQXQGPlFKWLJVWHQGHUURWHQ-HGGDNVIUDJWHXFK:HUGHW LKUNRPPHQ"© /RUTXDV 3WRPHO XQG GLH .ULHJHU EOLHEHQ VFKZHLJHQG VLW]HQ XQG EOLFNWHQ GLH MXQJH )UDX HLQLJH $XJHQEOLFNH QDFK LKUHU 5HGH IRUVFKHQG DQ :DV LQ LKUHQ .|SIHQ YRU VLFK JLQJ ZHL NHLQ0HQVFKGRFKLFKJODXEHGDVLHHUQVWKDIWEHZHJWZDUHQ
(5%XUURXJKV-RKQ&DUWHUYRP0DUV XQG ZHQQ HLQ 0DQQ YRQ %HGHXWXQJ XQWHU LKQHQ VWDUN JHQXJ JHZHVHQZlUHVLFKGHQ%UlXFKHQ]XZLGHUVHW]HQKlWWHGLHVHU 0RPHQW GHQ %HJLQQ HLQHU QHXHQ XQG PlFKWLJHQ bUD DXI GHP 0DUVEH]HLFKQHW ,FK VDK ZLH 7DUV 7DUNDV VLFK HUKRE XP ]X DQWZRUWHQ HLQ $XVGUXFN DXI VHLQHP *HVLFKW ZLH LFK LKQ QRFK EHL NHLQHP JUQHQ 0DUVNULHJHU JHVHKHQ KDWWH (V VSUDFK YRQ HLQHP PlFKWLJHQ LQQHUHQ .DPSI PLW VLFK VHOEVW PLW GHP (UEH PLW MDKUKXQGHUWHDOWHP %UDXFKWXP XQG DOV HU GHQ 0XQG DXIWDW HUKHOOWH IU HLQHQ NXU]HQ 0RPHQW HLQ EHLQDKH JWLJHU IUHXQGOLFKHU 6FKHLQ VHLQ ¿QVWHUHV XQG IXUFKWHLQÀ|HQGHV *HVLFKW :HOFKHEHGHXWHQGHQ:RUWHLKPDXFKEHUGLH/LSSHQNRPPHQ VROOWHQ VLH ZXUGHQ QLH JHVSURFKHQ GD LQ GLHVHP $XJHQEOLFN HLQ MXQJHU .ULHJHU GHU RIIHQVLFKWOLFK GLH *HGDQNHQJlQJH GHU lOWHUHQ0lQQHUVSUWHYRQGHQ6WXIHQGHV3RGLXPVVSUDQJXQG GHU ]LHUOLFKHQ *HIDQJHQHQ HLQHQ NUlIWLJHQ 6FKODJ LQV *HVLFKW YHUVHW]WHGHUVLH]X%RGHQVWU]HQOLH'DQQVHW]WHHUGHQ)X DXI LKUHQ .|USHU ZDQGWH VLFK DQ GHQ YHUVDPPHOWHQ 5DW XQG EUDFKLQHLQGU|KQHQGHVXQGPLWOHLGVORVHV*HOlFKWHUDXV (LQHQ $XJHQEOLFN ODQJ JODXEWH LFK 7DUV 7DUNDV ZUGH LKQ WRWVFKODJHQ DXFK YHUKLH GHU $QEOLFN YRQ /RUTXDV 3WRPHO JHJHQEHU GHP 8QKROG QLFKWV *XWHV GRFK GLH 6WLPPXQJ YHUÀRJGDVDOWH,FKHUODQJWHEHLLKQHQZLHGHUGLHhEHUOHJHQKHLW XQG VLH OlFKHOWHQ 'HQQRFK ZDU EHPHUNHQVZHUW GD VLH QLFKW ODXW ODFKWHQ GHQQ QDFK GHP +XPRUYHUVWlQGQLV GHU JUQHQ 0HQVFKHQZDUGLH+DQGOXQJGHV*URELDQVHLJHQWOLFKXQJHKHXHU VSDLJ
(5%XUURXJKV-RKQ&DUWHUYRP0DUV ,FK KDEH MHW]W HLQLJH $XJHQEOLFNH GDUDXI YHUZHQGHW HLQHQ 7HLO GHV *HVFKHKHQV QLHGHU]XVFKUHLEHQ 'DV EHGHXWHW QLFKW GDLFKHLQHVROFKODQJH=HLWXQWlWLJJHEOLHEHQZlUH,FKGHQNH LFKPXGDV.RPPHQGHJHDKQWKDEHQGHQQPLUIlOOWHLQGD LFKEHUHLWV]XP6SUXQJDQJHVHW]WKDWWHDOVLFKLKQ]XP6FKODJ DXVKROHQVDKXQGQRFKEHYRUGLH+DQGLKUQDFKREHQJHZDQGWHV ÀHKHQWOLFKEOLFNHQGHV*HVLFKWWUDIZDULFKXQWHUZHJV .DXP OLH HU VHLQ VFKUHFNOLFKHV *HOlFKWHU ]XP HUVWHQ 0DO HUVFKDOOHQ GD ZDU LFK VFKRQ DXI LKP 'HU 8QKROG ZDU ]Z|OI )XJURXQGELVDQGLH=lKQHEHZDIIQHWDEHULFKJODXEHLFK KlWWHHVLQPHLQHU:XWPLWGHPJDQ]HQ6DDODXIQHKPHQN|QQHQ ,FKVSUDQJQDFKREHQXQGDOVHUVLFKDXIPHLQHQ:DUQVFKUHLKLQ XPZDQGWHVFKOXJLFKLKQPLWWHQLQV*HVLFKW(UJULII]XVHLQHP 'ROFKXQGDXFKLFK]FNWHPHLQHQVSUDQJZLHGHUKRFKKDNWH PLFKPLWGHPHLQHQ%HLQDQVHLQHP3LVWROHQJULIIIHVWXQGSDFNWH PLW GHU OLQNHQ HLQHQ VHLQHU ULHVLJHQ +DXHU ZlKUHQG LFK LKP HLQHQ'ROFKVWRQDFKGHPDQGHUHQLQGLH%UXVWYHUVHW]WH (U NRQQWH VHLQHQ 'ROFK QLFKW QXW]HQ GD LFK ]X QDKH EHL LKPZDU$XFKJHODQJHVLKPQLFKWGLH3LVWROH]X]LHKHQ'DV VWDQG DXFK LQ VFKDUIHP *HJHQVDW] ]X GHU 6LWWH DXI GHP 0DUV GLH HV XQWHUVDJWH HLQHQ .ULHJHU GHV HLJHQHQ 6WDPPHV LP =ZHLNDPSI PLW HLQHU:DIIH ]X EHNlPSIHQ PLW GHU PDQ QLFKW DQJHJULIIHQ ZRUGHQ LVW (LJHQWOLFK NRQQWH HU QXU YHUVXFKHQ PLFK ORV]XZHUGHQ (U WDW GLHV PLW DOOHU .UDIW GRFK XPVRQVW 7URW] VHLQHV PDVVLJHQ .|USHUV ZDU HU ZHQQ EHUKDXSW QXU ZHQLJ VWlUNHU DOV LFK XQG HV GDXHUWH OHGLJOLFK HLQ RGHU ]ZHL $XJHQEOLFNHELVHUOHEORVXQGEOXWEHUVWU|PW]X%RGHQVDQN
(5%XUURXJKV-RKQ&DUWHUYRP0DUV 'HMDK 7KRULV KDWWH VLFK HWZDV DXIJHULFKWHW XQG GHQ .DPSI PLWJURHQEHUUDVFKWHQ$XJHQYHUIROJW$OVLFKZLHGHUDXIGHQ )HQVWDQGQDKPLFKVLHDXIGLH$UPHXQGWUXJVLH]XHLQHUGHU %lQNHDQHLQHU6HLWHGHV6DDOHV :LHGHUJULIINHLQ0DUVPHQVFKHLQ,FKULHLQHQ6WUHLIHQ6HLGH YRQPHLQHP8PKDQJXQGYHUVXFKWHGDV%OXW]XVWLOOHQGDVLKU DXVGHU1DVHVWU|PWHPLWJXWHP(UIROJGHQQLKUH9HUOHW]XQJHQ ZDUHQ NDXP PHKU DOV JHZ|KQOLFKHV 1DVHQEOXWHQ XQG DOV VLH VSUHFKHQ NRQQWH OHJWH VLH PLU GLH +DQG DXI GHQ$UP EOLFNWH PLFKDQXQGVDJWHª:DUXPKDVWGXGDVJHWDQ"'XGHUGXPLULQ GHUHUVWHQ6WXQGHPHLQHV/HLGHQVQLFKWHLQPDOGHQIUHXQGOLFKHQ (UNHQQHQVJUX HQWERWHVW 'X ULVNLHUVW GHLQ /HEHQ XQG W|WHVW XP PHLQHWZLOOHQ HLQHQ GHLQHU .DPHUDGHQ ,FK YHUVWHKH GDV QLFKW:HOFKVHOWVDPHU0HQVFKELVWGXGDGXPLWGHQJUQHQ 0DUVPHQVFKHQYHUNHKUVWREZRKOGXDXVVLHKVWZLHMHPDQGDXV PHLQHP9RONZlKUHQGGHLQH+DXWIDUEHQXUHLQZHQLJGXQNOHU LVWDOVMHQHGHUZHLHQ$IIHQ6DJPLUELVWGXHLQ0HQVFKRGHU PHKUDOVHLQ0HQVFK"© ª'DV LVW HLQH VHOWVDPH *HVFKLFKWH© HUZLGHUWH LFK ª6LH LVW ]X ODQJ XP VLH GLU MHW]W ]X HU]lKOHQ XQG YRQ HLQHU$UW GD LFK VLH VHOEHU QLFKW IU ZDKU KDOWHQ NDQQ XQG QLFKW ]X KRIIHQ ZDJH GD DQGHUH VLH PLU JODXEHQ *LE GLFK LP $XJHQEOLFN GDPLW]XIULHGHQGDLFKGHLQ)UHXQGELQXQGVRZHLWHVXQVHUH %HZDFKHUHUODXEHQGHLQ%HVFKW]HUXQG'LHQHU© ª'DQQELVWDXFKGXHLQ*HIDQJHQHU":DUXPEHVLW]WGXGDQQ GLH:DIIHQXQGGHQ6FKPXFNHLQHV%HIHKOVKDEHUVYRQ7KDUN" :LHLVWGHLQ1DPH":REH¿QGHWVLFKGHLQ/DQG"©
(5%XUURXJKV-RKQ&DUWHUYRP0DUV ª-D'HMDK7KRULVDXFKLFKELQHLQ*HIDQJHQHUPHLQ1DPH LVW-RKQ&DUWHUXQGLFKQHQQH9LUJLQLDPHLQH+HLPDWHLQHQGHU 9HUHLQLJWHQ 6WDDWHQ YRQ $PHULND DXI GHU (UGH :DUXP PDQ PLU HUODXEW :DIIHQ ]X WUDJHQ ZHL LFK QLFKW DXFK ZDU PLU XQEHNDQQWGDPHLQH,QVLJQLHQGLHHLQHV$QIKUHUVVLQG© $QGLHVHU6WHOOHZXUGHQZLUYRQHLQHP.ULHJHUXQWHUEURFKHQ GHU :DIIHQ$XVUVWXQJ XQG 6FKPXFN WUXJ XQG ELQQHQ HLQHU 6HNXQGH KDWWH VLFK HLQH LKUHU )UDJHQ HUEULJW 0LU ¿HO HV ZLH 6FKXSSHQ YRQ GHQ $XJHQ ,FK VDK GD PDQ PHLQHP WRWHQ *HJQHUGLH$XVUVWXQJDEJHQRPPHQKDWWHXQGHUNDQQWHLQGHP GURKHQGHQXQGJOHLFK]HLWLJUHVSHNWYROOHQ$XIWUHWHQGHVMHQLJHQ GHU PLU GLHVH 7URSKlHQ EHUUHLFKWH GLHVHOEH (LQVWHOOXQJ ZLH GDPDOV DOV PLU GHU DQGHUH .ULHJHU PHLQH HUVWH $XVUVWXQJ JHEUDFKW KDWWH 1XQ ZXUGH PLU ]XP HUVWHQ 0DO EHZXW GD PHLQ .DPSI LP $XGLHQ]VDDO IU PHLQHQ *HJQHU W|GOLFK YHUODXIHQZDU 'DPLWZXUGHDXFKGHU*UXQGIUGLHDOOJHPHLQH(LQVWHOOXQJ PLUJHJHQEHUGHXWOLFK,FKKDWWHPLUVR]XVDJHQPHLQH6SRUHQ YHUGLHQWQDFKMHQHPUDXKHQ5HFKWGDVGLH$QJHOHJHQKHLWHQDXI GHP0DUVLPPHUUHJHOWHXQGPLFKGHQ0DUVXQWHUDQGHUHPDOV 3ODQHW GHU:LGHUVSUFKH EH]HLFKQHQ OlW 0DQ HUZLHV PLU GLH (KUHQGLHGHP6LHJHUJHEKUWHQXQGYHUOLHKPLUGLH$XVUVWXQJ XQG GLH 3RVLWLRQ GHV 0DQQHV GHQ LFK JHW|WHW KDWWH ,FK EHVD ZDKUKDIWLJ %HIHKOVJHZDOW DXI GHP 0DUV XQG ZLH LFK VSlWHU HUIXKU UHVXOWLHUWH GDUDXV PHLQH )UHLKHLW 'HVZHJHQ KDWWH PDQ PLFKLP$XGLHQ]VDDOJHGXOGHW $OV LFK PLFK XPZDQGWH XP GLH +DEVHOLJNHLWHQ GHV WRWHQ .ULHJHUVLQ(PSIDQJ]XQHKPHQEHPHUNWHLFKGD7DUV7DUNDV
(5%XUURXJKV-RKQ&DUWHUYRP0DUV XQG HLQLJH DQGHUH DXI XQV ]XNDPHQ (UVWHUHU EOLFNWH PLFK VS|WWLVFKDQXQGIUDJWHª'XVSULFKVWGLH6SUDFKHYRQ%DUVRRP VHKUÀVVLJIUMHPDQGHQGHUXQVJHJHQEHUQRFKYRUHLQLJHQ 7DJHQWDXEVWXPPZDU:RKDVWGXVLHJHOHUQW-RKQ&DUWHU"© ª'XVHOEVWELVWGDIUYHUDQWZRUWOLFK7DUV7DUNDVGDGXPLU HLQH EHPHUNHQVZHUW JXWH /HKUHULQ JHJHEHQ KDVW LFK YHUGDQNH PHLQ:LVVHQ6ROD©HUZLGHUWHLFK ª6LH KDW JXWH $UEHLW JHOHLVWHW© HQWJHJQHWH HU ª'HQQRFK EHGDUIGHLQH(U]LHKXQJQRFKGHU9HUYROONRPPQXQJ:HLWGX ZDV GHLQH XQHUZDUWHWH7ROONKQKHLW GLFK JHNRVWHW KlWWH ZHQQ GXNHLQHQGHUEHLGHQ$QIKUHUJHW|WHWKlWWHVWGHUHQ$XVUVWXQJ GXQXQDQGLUWUlJVW"© ª,FKQHKPHDQGDHLQHUYRQLKQHQPLFKXPJHEUDFKWKlWWH© DQWZRUWHWHLFKOlFKHOQG ª1HLQ GD LUUVW GX 1XU LQ 1RWZHKU ZUGH HLQ 0DUVPHQVFK HLQHQ *HIDQJHQHQ W|WHQ :LU KHEHQ VLH XQV OLHEHU IU DQGHUH =ZHFNHDXI©6HLQ*HVLFKWVSUDFK%lQGHEHUGLH0|JOLFKNHLWHQ GLHPDQEHVVHUVFKQHOOYHUJD ª1XUHLQH6DFKHNDQQGLFKQXQUHWWHQ©IXKUHUIRUWª6ROOWH 7DO+DMXVGLFKLQ$QHUNHQQXQJGHLQHVEHPHUNHQVZHUWHQ0XWHV GHLQHU*UDXVDPNHLWXQGGHLQHVDXHUJHZ|KQOLFKHQ.|QQHQVIU ZHUWHUDFKWHQLKP]X'LHQVWHQ]XVHLQZUGHPDQGLFKDOVYROO EHUHFKWLJWHQ7KDUNLQXQVHUH*HPHLQVFKDIWDXIQHKPHQ%LVZLU GDV+DXSWTXDUWLHUYRQ7DO+DMXVHUUHLFKHQVROOGLUQDFK/RUTXDV 3WRPHOV:LOOHQIUGHLQ+DQGHOQGLHJHEKUHQGH$FKWXQJ]XWHLO ZHUGHQ 'X ZLUVW YRQ XQV ZLH HLQ %HIHKOVKDEHU YRQ 7KDUN EHKDQGHOW GRFK GDUIVW GX QLFKW YHUJHVVHQ GD MHGHU$QIKUHU
(5%XUURXJKV-RKQ&DUWHUYRP0DUV GHLQHV5DQJHVGDIUYHUDQWZRUWOLFKLVWGLFKXQVHUHPPlFKWLJHQ XQG HUEDUPXQJVORVHQ +HUUVFKHU XQYHUVHKUW ]X EHUJHEHQ ,FK KDEHJHVSURFKHQ© ª,FK KDEH JHK|UW 7DUV 7DUNDV© DQWZRUWHWH LFK ª:LH GX ZHLWVWDPPHLFKQLFKWDXV%DUVRRPHXUH*HZRKQKHLWHQVLQG QLFKWGLHPHLQLJHQXQGLFKNDQQDXFK]XNQIWLJQXUVRKDQGHOQ ZLHELVKHULQhEHUHLQVWLPPXQJPLWPHLQHP*HZLVVHQXQGQDFK GHQ5HJHOQPHLQHVHLJHQHQ9RONHV:HQQGXPLFKJHKHQOlW ZHUGHLFKLQ)ULHGHQJHKHQ:HQQQLFKWVROOHQGLH%HZRKQHU YRQ %DUVRRP PLW GHQHQ LFK ]X WXQ KDEH HQWZHGHU PHLQH 5HFKWH DOV )UHPGHU UHVSHNWLHUHQ RGHU VLFK PLW GHQ HWZDLJHQ )ROJHQDXVHLQDQGHUVHW]HQ(LQHVNDQQLFKGLUMHGRFKYHUVLFKHUQ :DV DXFK LPPHU LKU PLW GLHVHU XQJOFNVHOLJHQ MXQJHQ )UDX OHW]WHQGOLFK ]X WXQ EHDEVLFKWLJW ZHU VLH LQ =XNXQIW YHUOHW]W RGHU EHOHLGLJW PX GDPLW UHFKQHQ VLFK PLU JHJHQEHU GDIU ]X UHFKWIHUWLJHQ ,FK YHUVWHKH GD *HIKOH ZLH *UR]JLJNHLW XQG/LHEHQVZUGLJNHLWIUHXFKQLFKW]lKOHQ)UPLFKVLQGVLH MHGRFKZLFKWLJXQGLFKNDQQDXFKHXUHWDSIHUVWHQ.ULHJHUGDYRQ EHU]HXJHQGDGLHVH(LJHQVFKDIWHQGLH)lKLJNHLW]XNlPSIHQ QLFKWDXVVFKOLHHQ© 1RUPDOHUZHLVHELQLFKNHLQJURHU5HGQHUDXFKKDWWHLFKPLFK QLH]XYRU]XVFKZOVWLJHQbXHUXQJHQKLQUHLHQODVVHQ'RFK LFKKDWWHGHQ*UXQGWRQLQGHU6HHOHGHUJUQHQ0DUVPHQVFKHQ JHVXFKW XQG JHIXQGHQ GHQQ PHLQH OHLGHQVFKDIWOLFKH 5HGH EHHLQGUXFNWH VLH RIIHQNXQGLJ ]XWLHIVW XQG VLH QDKPHQ PLU JHJHQEHUGDQDFKHLQHQRFKHKUIUFKWLJHUH+DOWXQJHLQ
(5%XUURXJKV-RKQ&DUWHUYRP0DUV 7DUV 7DUNDV VFKLHQ PHLQH$QWZRUW ]XIULHGHQ]XVWHOOHQ GRFK VHLQHNQDSSH$QWZRUWEOLHEPHKURGHUZHQLJHUUlWVHOKDIWª8QG LFKGHQNHLFKNHQQH7DO+DMXV-HGGDNYRQ7KDUN© 1XQZDQGWHLFKPHLQH$XIPHUNVDPNHLW'HMDK7KRULV]XKDOI LKU DXI ZDQGWH PLFK PLW LKU GHP$XVJDQJ ]X XQG LJQRULHUWH GDEHLY|OOLJGLHZDUWHQGHQ+DUS\LHQXQGIUDJHQGHQ%OLFNHGHU $QIKUHU:DULFKQLFKWDXFKHLQ$QIKUHU"'DQQZROOWHLFKDXFK GLH 9HUDQWZRUWXQJ HLQHV VROFKHQ EHUQHKPHQ 6LH EHOlVWLJWHQ XQVQLFKWZHLWHUXQGVRYHUOLHHQ'HMDK7KRULV3ULQ]HVVLQYRQ +HOLXPXQG-RKQ&DUWHU*HQWOHPDQYRQ9LUJLQLDJHIROJWYRP WUHXHQ :RROD LQ Y|OOLJHU 6WLOOH GHQ $XGLHQ]VDDO YRQ /RUTXDV 3WRPHOGHP-HGGHU7KDUNYRQ%DUVRRP
(5%XUURXJKV-RKQ&DUWHUYRP0DUV
=Yd4UZQXDX_bYc
'UDXHQNDPHQGLH]ZHL:DFKIUDXHQKHUEHLJHHLOWGLH'HMDK 7KRULV]XJHWHLOWZRUGHQZDUHQXQGZROOWHQVLHZLHGHULQLKUHQ *HZDKUVDPQHKPHQ,FKVSUWHZLHGDVDUPH0lGFKHQPHLQH 1lKHVXFKWHXQGVLFKPLWLKUHQNOHLQHQ+lQGHQDQPHLQHQ$UP NODPPHUWHVFKHXFKWHGLH)UDXHQZHJXQGWHLOWHLKQHQPLW6ROD ZUGHVLFKYRQQXQDQXPGLH*HIDQJHQHNPPHUQ$XHUGHP JDE LFK 6DUNRMD ]X YHUVWHKHQ GD MHGH ZHLWHUH *UDXVDPNHLW JHJHQEHU 'HMDK 7KRULV LKUHQ SO|W]OLFKHQ XQG VFKPHU]KDIWHQ 7RG]XU)ROJHKDEHQZUGH 0LW GLHVHU XQJOFNVHOLJHQ 'URKXQJ WDW LFK 'HMDK 7KRULV NHLQHQ*HIDOOHQGHQQZLHLFKVSlWHUHUIXKUW|WHQ0lQQHUDXI GHP0DUVNHLQH)UDXHQXQGDXFKXPJHNHKUWQLFKW6RIXQNHOWH VLHXQVOHGLJOLFKE|VHDQXQGYHUVFKZDQGXPZHLWHUH7HXIHOHLHQ JHJHQXQVDXV]XKHFNHQ %DOG PDFKWH LFK 6ROD DXV¿QGLJ XQG HUNOlUWH LKU GD LFK ZQVFKWH 'HMDK 7KRULV VR ]X EHZDFKHQ ZLH PLFK 6LH P|JH ELWWH DQGHUH 6FKODITXDUWLHUH VXFKHQ ZR 6DUNRMD VLH QLFKW EHOlVWLJHQN|QQH6FKOLHOLFKWHLOWHLFKLKUPLWGDLFKPLUEHL GHQ0lQQHUQHLQH%OHLEHVXFKHQZUGH
(5%XUURXJKV-RKQ&DUWHUYRP0DUV 6RODEOLFNWHDXIGLH$XVUVWXQJGLHLFKLQGHU+DQGXQGEHU GHU6FKXOWHUWUXJ ª'X PXW MHW]W HLQ KRKHU %HIHKOVKDEHU VHLQ -RKQ &DUWHU XQGLFKPXGLUJHKRUFKHQREZRKOLFKGLULQMHGHP)DOOHJHUQ EHKLOÀLFKELQ©VDJWHVLHª'HU0DQQGHVVHQ6FKPXFNGXWUlJVW ZDUWURW]VHLQHU-XJHQGHLQJURHU.ULHJHU(UKDWWHVLFKGXUFK VHLQH6LHJHHLQH6WHOOXQJXQZHLWYRQ7DUV7DUNDVHUNlPSIWGHU ZLHGXZHLWDQ]ZHLWHU6WHOOHQDFK/RUTXDV3WRPHONRPPW'X ELVW GHU HOIWH (V JLEW QXU ]HKQ$QIKUHU GLHVHU *HPHLQVFKDIW GLHDXI*UXQGGHLQHU%HJDEXQJPLWGLUDXIHLQHU6WXIHVWHKHQ© ª8QGZHQQLFK/RUTXDV3WRPHOW|WHWH"©IUDJWHLFK ª'DQQZlUVWGXDQHUVWHU6WHOOH-RKQ&DUWHUGRFKZLUGGLU GLH (KUH HLQHV =ZHLNDPSIHV PLW /RUTXDV 3WRPHO QXU QDFK GHP :LOOHQ GHV JHVDPWHQ 5DWHV ]XWHLO 6ROOWH HU GLFK MHGRFK DQJUHLIHQNDQQVWGXGLFKYHUWHLGLJHQXQGZHQQGXLKQW|WHVW JHZLQQVWGXGHQHUVWHQ3ODW]© ,FKODFKWHXQGZHFKVHOWHGDV7KHPDGHQQLFKYHUVSUWHQLFKW GHQ JHULQJVWHQ :XQVFK /RUTXDV 3WRPHO ]X W|WHQ XQG QRFK ZHQLJHUGHQHLQ-HGEHLGHQ7KDUN]XZHUGHQ ,FKEHJOHLWHWH6RODXQG'HMDK7KRULVDXIGHU6XFKHQDFKHLQHU QHXHQ%OHLEHGLHZLUVFKOLHOLFKLQGHU1lKHGHV$XGLHQ]VDDOV IDQGHQ 'DV *HElXGH EHVD HLQH ZHLWDXV DQVSUXFKVYROOHUH $UFKLWHNWXU DOV XQVHUH YRUKHULJH 8QWHUNXQIW +LHU HQWGHFNWHQ ZLUULFKWLJH6FKODIUlXPHPLWDOWHUWPOLFKHQ%HWWHQDXVNXQVWYROO YHUDUEHLWHWHP0HWDOOGLHPLWULHVLJHQ*ROGNHWWHQDQGHU'HFNH EHIHVWLJW ZDUHQ 'LH :lQGH ZDUHQ DXIV DXHUJHZ|KQOLFKVWH GHNRULHUW ,P 8QWHUVFKLHG ]X GHQ )UHVNHQ LQ GHQ DQGHUHQ
(5%XUURXJKV-RKQ&DUWHUYRP0DUV *HElXGHQ]HLJWHQVLHDXIGHQ%LOGHUQYLHOHPHQVFKOLFKH)LJXUHQ 0HQVFKHQZLHPLFKPLWHLQHUYLHOKHOOHUHQ+DXWIDUEHDOV'HMDK 7KRULV6LHWUXJHQSUlFKWLJHZDOOHQGH*HZlQGHUGLHUHLFKKDOWLJ PLW 0HWDOOVFKPXFN XQG -XZHOHQ YHU]LHUW ZDUHQ ,KU SSLJHV +DDU EHVD HLQHQ VFK|QHQ JROGHQHQ XQG U|WOLFKHQ %URQ]HWRQ 'LH0lQQHUZDUHQEDUWORVXQGQXUZHQLJHWUXJHQ:DIIHQ 'LHPHLVWHQ6]HQHQ]HLJWHQKHOOKlXWLJHKHOOKDDULJH0HQVFKHQ EHLP 6SLHO 'HMDK7KRULV NODWVFKWH HQW]FNW LQ GLH +lQGH DOV VLH GLHVH SUlFKWLJHQ .XQVWZHUNH HLQHU OlQJVW DXVJHVWRUEHQHQ *HQHUDWLRQHUEOLFNWHZlKUHQG6RODVLHKLQJHJHQRIIHQVLFKWOLFK JDUQLFKWZDKUQDKP :LU HQWVFKLHGHQ GD 6ROD XQG 'HMDK 7KRULV GLHVHQ 5DXP QXW]HQ VROOWHQ (U ODJ LP ]ZHLWHQ *HVFKR XQG JHVWDWWHWH HLQHQ %OLFN EHU GHQ 3ODW] ZlKUHQG LP 1HEHQUDXP XQG LP +LQWHUJUXQG 5DXP IU GLH *HUlWVFKDIWHQ XQG ]XP .RFKHQ ZDU'DQQVFKLFNWHLFK6RODQDFKGHP%HWW]HXJ1DKUXQJXQG DQGHUHQ QRWZHQGLJHQ 8WHQVLOLHQ XQG YHUVLFKHUWH LKU 'HMDK 7KRULVELV]XLKUHU5FNNHKU]XEHZDFKHQ $OV 6ROD YHUVFKZXQGHQ ZDU ZDQGWH VLFK 'HMDK 7KRULV PLW HLQHPÀFKWLJHQ/lFKHOQDQPLFK ª8QG ZRKLQ VROOWH GHLQH *HIDQJHQH ÀLHKHQ ZHQQ GX VLH YHUOlWIDOOVVLHGLUQLFKWIROJWXQGGLFKXP6FKXW]XQGGDUXP ELWWHWLKUGLHJUDXVDPHQ*HGDQNHQ]XYHU]HLKHQGLHVLHLQGHQ YHUJDQJHQHQ7DJHQGLUJHJHQEHUKHJWH"© ª'X KDVW UHFKW HV JLEW IU NHLQHQ YRQ XQV HLQH )OXFKWP|JOLFKNHLW HV VHL GHQQ HLQH JHPHLQVDPH© DQWZRUWHWH LFK
(5%XUURXJKV-RKQ&DUWHUYRP0DUV ª,FK KDEH GHLQH :RUWH DQ MHQH .UHDWXU YHUQRPPHQ GLH GX 7DUV7DUNDV QHQQVW XQG LFK GHQNH LFK NDQQ GHLQH6WHOOXQJLQ GLHVHP 9RON YHUVWHKHQ :DV LFK MHGRFK QLFKW IDVVHQ NDQQ LVW GHLQH%HKDXSWXQJGXVHLHVWQLFKWYRQ%DUVRRP ,P1DPHQGHVHUVWHQ0HQVFKHQZRKHUVROOVWGXVRQVWVHLQ" 'XlKQHOVWPHLQHP9RONXQGELVWGRFKVRDQGHUV'XVSULFKVW PHLQH 6SUDFKH XQG GHQQRFK K|UWH LFK ZLH GX 7DUV 7DUNDV PLWWHLOWHVW GX KDEHVW VLH HUVW NU]OLFK JHOHUQW$OOH %HZRKQHU YRQ %DUVRRP YRQ GHU Q|UGOLFKHQ ELV ]XU VGOLFKHQ (LVGHFNH VSUHFKHQ GLHVHOEH 6SUDFKH DXFK ZHQQ LKUH 6FKULIW VLFK XQWHUVFKHLGHW1XULP7DO'RUZRGHU)OX,VVLQGDV9HUORUHQH 0HHU YRQ .RUXV PQGHW VROO HV HLQH DQGHUH 6SUDFKH JHEHQ XQGPLW$XVQDKPHGHU/HJHQGHQXQVHUHU9RUIDKUHQKDEHQZLU NHLQHQ1DFKZHLVGDMHPDOVHLQ%HZRKQHUYRQ%DUVRRPYRP )OX,VVXQGGHQ8IHUQGHV.RUXVLP7DO'RU]XUFNJHNHKUWLVW 6DJHQLFKWGDGXYRQGRUWVWDPPVW6LHZUGHQGLFKEHUDOO DXI%DUVRRPDXIHQWVHW]OLFKH:HLVH]X7RGHEULQJHQZHQQGDV GHU:DKUKHLWHQWVSUlFKH6DJHPLUGDHVQLFKWVRLVW© ,KUH$XJHQVWUDKOWHQLQHLQHPVRQGHUEDUHQUlWVHOKDIWHQ/LFKW LKUH 6WLPPH NODQJ ÀHKHQWOLFK XQG VLH GUFNWH LKUH NOHLQHQ +lQGHJHJHQPHLQH%UXVWDOVZROOHVLHGDV 1HLQ I|UPOLFKDXV PLUKHUDXVSUHVVHQ ª,FKNHQQHHXUH6LWWHQQLFKW'HMDK7KRULVDEHULQPHLQHP 9LUJLQLDOJWHLQ*HQWOHPDQQLFKWXPVLFK]XUHWWHQ,FKVWDPPH QLFKW DXV GHP7DO 'RU LFK KDEH GHQ UlWVHOKDIWHQ ,VV QRFK QLH JHVHKHQ XQG GDV YHUVXQNHQH 0HHU YRQ .RUXV LVW IU PLFK HLQ 5lWVHO*ODXEVWGXPLU"©
(5%XUURXJKV-RKQ&DUWHUYRP0DUV 0LU ¿HO DXI ZLH VHKU PLU GDUDQ ODJ GD VLH PLU YHUWUDXWH 1LFKW GD LFK GLH )ROJHQ IUFKWHWH IDOOV PDQ ZLUNOLFK DQQDKPLFKVHLYRP+LPPHORGHUDXVGHU+|OOHYRQ%DUVRRP ]XUFNJHNHKUWZDVDXFKLPPHUGDVZDU:DUXPGDQQ":DUXP VROOWHPLFKNPPHUQZDVVLHGDFKWH",FKEOLFNWHDXIVLHKHUDE LQ LKU HPSRUJHZDQGWHV *HVLFKW ,KUH ZXQGHUVFK|QHQ $XJHQ HU|IIQHWHQPLUGLH7LHIHQLKUHU6HHOHXQGDOVXQVHUH%OLFNHVLFK WUDIHQHUNDQQWHLFKGHQ*UXQGXQGHUVFKDXGHUWH bKQOLFKH *HIKOH VFKLHQHQ VLH ]X EHZHJHQ 0LW HLQHP 6HXI]HU ZDQGWH VLH VLFK YRQ PLU DE ZDQGWH PLU GDQQ ZLHGHU GDV VFK|QH HUQVWH *HVLFKW ]X XQG ÀVWHUWH ª,FK JODXEH GLU -RKQ&DUWHU=ZDUZHLLFKQLFKWZDVHLQ *HQWOHPDQ LVW$XFK KDEHQRFKQLHHWZDVYRQ9LUJLQLDJHK|UWDEHUDXI%DUVRRPOJW NHLQ0DQQ:LOOHUQLFKWGLH:DKUKHLWVDJHQVFKZHLJWHUOLHEHU :ROLHJWGHLQ/DQG9LUJLQLD-RKQ&DUWHU"©IUDJWHVLHXQGPLU VFKLHQDOVVHLGLHVHUUHL]YROOH1DPHPHLQHUUHL]YROOHQ+HLPDW QLH NODQJYROOHU DXVJHVSURFKHQ ZRUGHQ GHQQ DQ MHQHP OlQJVW YHUJDQJHQHQ7DJYRQGLHVHQYROONRPPHQHQ/LSSHQ ª,FK VWDPPH DXV HLQHU DQGHUHQ :HOW YRQ GHP JURHQ 3ODQHWHQ(UGHGHUVLFKXPXQVHUHJHPHLQVDPH6RQQHGUHKWXQG LP:HOWDOOGHUQlFKVWH3ODQHW]X%DUVRRPLVWZHOFKHQZLUXQWHU GHP1DPHQ!0DUVNHQQHQ©HQWJHJQHWHLFKª:LHLFKKLHUKHU JHNRPPHQELQNDQQLFKQLFKWVDJHQGDLFKHVQLFKWZHL$EHU LFKELQQXQHLQPDOKLHUXQGGDPHLQH*HJHQZDUWHVPLUHUODXEW 'HMDK7KRULV]XGLHQHQELQLFKVHKUIURKGDUEHU© 6LH VDK PLFK ODQJH XQG IUDJHQG DQ 'D HV VFKZLHULJ ZDU PHLQHU%HKDXSWXQJ*ODXEHQ]XVFKHQNHQZXWHLFKVHKUZRKO DXFKNRQQWHLFKQLFKWGDUDXIKRIIHQVRVHKULFKPLFKQDFKLKUHP
(5%XUURXJKV-RKQ&DUWHUYRP0DUV 9HUWUDXHQ XQG LKUHP 5HVSHNW VHKQWH 9LHO OLHEHU KlWWH LFK LKU EHUKDXSW QLFKWV YRQ PHLQHP 9RUOHEHQ HU]lKOW GRFK N|QQWH NHLQ0DQQLKULQGLHWLHIHQ$XJHQEOLFNHQXQGLKUGHQNOHLQVWHQ :XQVFKDEVFKODJHQ 6FKOLHOLFKOlFKHOWHVLHKREGHQ.RSIXQGVDJWHª,FKZHUGH GLU JODXEHQ PVVHQ REZRKO LFK QLFKW YHUVWHKH 0LU LVW Y|OOLJ NODUGDGXQLFKWDXVGHPKHXWLJHQ%DUVRRPVWDPPVW'XELVW ZLHZLUXQGGHQQRFKDQGHUVDEHUZDUXPVROOWHLFKPLUPHLQHQ DUPHQ.RSIEHUVROFKHLQ3UREOHP]HUEUHFKHQZHQQPLUPHLQ +HU]VDJWGDLFKGLUJODXEHZHLOLFKHVZLOO© (VZDUHLQHJXWH/RJLNHLQHLUGLVFKHZHLEOLFKH/RJLNXQG ZHQQHVVLH]XIULHGHQVWHOOWHNRQQWHLFKGDUDQQLFKWVDXVVHW]HQ (LJHQWOLFK ZDU HV GLH HLQ]LJH$UW YRQ /RJLN PLW GHU PDQ DQ PHLQ3UREOHPKHUDQJHKHQNRQQWH'DQDFKXQWHUKLHOWHQZLUXQV EHU DOOJHPHLQH 'LQJH XQG VWHOOWHQ HLQDQGHU YLHOH )UDJHQ 6LH ZROOWHXQEHGLQJWHWZDVEHUGLH%UlXFKHPHLQHV9RONHVHUIDKUHQ XQG YHUIJWH EHU HLQ EHPHUNHQVZHUWHV :LVVHQ KLQVLFKWOLFK GHU*HVFKHKQLVVHDXIGHU(UGH$OVLFKVLHJHUDGHZHJVIUDJWH ZLHVRLKUGLHVHVRYHUWUDXWZDUHQODFKWHVLHXQGULHIª1DMHGHU 6FKXOMXQJHYRQ%DUVRRPNHQQWGLH*HRJUDSKLHHXUHV3ODQHWHQ XQGZHLHEHQVRJXWEHUGHVVHQ)DXQDXQG)ORUDVRZLHEHU HXUH*HVFKLFKWH%HVFKHLGZLHEHUVHLQHQHLJHQHQ.|QQHQZLU QLFKW DOOHV VHKHQ ZDV DXI GHU (UGH YRU VLFK JHKW ZLH GX VLH QHQQVWVWHKWVLHQLFKWGHXWOLFKVLFKWEDUDP+LPPHO"© ,FK PX ]XJHEHQ GD LFK QXQ HEHQVR YHUEOIIW ZDU ZLH VLH ]XYRU GXUFK PHLQH (UNOlUXQJ XQG WHLOWH LKU GLHV PLW 6R HUNOlUWH VLH PLU GDQQ GLH *UXQGSULQ]LSLHQ GHU $SSDUDWH GLH LKU 9RON VHLW -DKUKXQGHUWHQ QXW]WH XQG ZHLWHUHQWZLFNHOW KDWWH
(5%XUURXJKV-RKQ&DUWHUYRP0DUV 6LH HUP|JOLFKWHQ HV LKQHQ HLQ JHVFKORVVHQHV %LOG YRQ GHP ZDVDXIMHGHP3ODQHWXQGDXIYLHOHQ6WHUQHQYRUVLFKJLQJDXI HLQHQ %LOGVFKLUP ]X SURML]LHUHQ 'LHVH $EELOGXQJHQ VLQG LQ MHGHU+LQVLFKWVRPDNHOORVGDPDQZHQQVLHIRWRJUD¿HUWXQG YHUJU|HUWVLQG*HJHQVWlQGHYRQGHU*U|HHLQHV*UDVKDOPHV GHXWOLFKGDUDXIHUNHQQHQNDQQ6SlWHULQ+HOLXPVDKLFKYLHOH GLHVHU %LOGHU XQG DXFK GLH ,QVWUXPHQWH PLW GHQHQ PDQ VLH KHUVWHOOWH ª:HQQ GX EHU GLH 'LQJH DXI GHU (UGH VR JXW %HVFKHLG ZHLWZDUXPHUNHQQVWGXPLFKQLFKWDOVHLQHQ%HZRKQHUGLHVHV 3ODQHWHQ"©IUDJWHLFK (UQHXW OlFKHOWH VLH QDFKVLFKWLJ DOV VHL LFK HLQ .LQG GHVVHQ )UDJHUHLVLHHUPGH ª:HLO VLFK IDVW DXI MHGHP 3ODQHWHQ XQG MHGHP 6WHUQ PLW lKQOLFKJHDUWHWHU$WPRVSKlUHZLH%DUVRRP)RUPHQYRQ/HEHQ ]HLJHQGLHGLUXQGPLUIDVWJOHLFKHQXQGZHLODXHUGHPIDVWDOOH (UGHQPHQVFKHQ LKUHQ .|USHU PLW VHOWVDPHQ XQDQVHKQOLFKHQ 6WRIIVWFNHQ EHGHFNHQ XQG LKUH .|SIH PLW IUFKWHUOLFKHQ $SSDUDWHQ GHUHQ 6LQQ ZLU ELVKHU QLFKW KHUDXV¿QGHQ NRQQWHQ ZlKUHQG LFK GLFK EHL GHQ .ULHJHUQ GHU 7KDUN Y|OOLJ RKQH 6FKPXFN XQG QLFKW LP JHULQJVWHQ YHUXQVWDOWHW YRUJHIXQGHQ KDEH 'LH7DWVDFKHGDGXNHLQHQ6FKPXFNWUXJVWLVWHLQHLQGHXWLJHU %HZHLV GDIU GD GX QLFKW YRQ %DUVRRP ELVW ZlKUHQG GDV )HKOHQMHJOLFKHUJURWHVNHU9HUKOOXQJ=ZHLIHODXINRPPHQOlW GDGXYRQGHU(UGHVWDPPVW©
(5%XUURXJKV-RKQ&DUWHUYRP0DUV ,FKHU]lKOWHLKUGDQQ(LQ]HOKHLWHQEHUPHLQH$EUHLVHYRQGHU (UGHZLHPHLQ.|USHULQGHU+|KOHODJYROONRPPHQYHUKOOW PLW DOO GHQ LKU VHOWVDP HUVFKHLQHQGHQ .OHLGXQJVVWFNHQ HLQHV (UGHQEUJHUV ,Q GLHVHP 0RPHQW NHKUWH 6ROD PLW XQVHUHP NPPHUOLFKHQ%HVLW]XQGLKUHPMXQJHQ6FKW]OLQJ]XUFNGHU QDWUOLFKGLH%HKDXVXQJPLWLKQHQWHLOHQZUGH 6RODIUDJWHREZLUZlKUHQGLKUHU$EZHVHQKHLW%HVXFKJHKDEW KlWWHQ XQG VFKLHQ VHKU EHUUDVFKW ]X VHLQ DOV ZLU YHUQHLQWHQ $OVVLHVLFKGHP=XJDQJ]XGHQREHUHQ6WRFNZHUNHQJHQlKHUW KDWWH ZR XQVHUH 5lXPH VLFK EHIDQGHQ ZDU LKU 6DUNRMD HQWJHJHQJHNRPPHQ :LU VFKOXIROJHUWHQ GD GLHVH XQV EHODXVFKW KDWWH DEHU GD ZLU XQV QLFKW HULQQHUQ NRQQWHQ EHU HWZDVYRQ:LFKWLJNHLWJHVSURFKHQ]XKDEHQWDWHQZLUGLH6DFKH DOVXQZHVHQWOLFKDEZREHLZLUXQVVFKZRUHQLQ=XNXQIWlXHUVW YRUVLFKWLJ]XVHLQ 'HMDK7KRULV XQG LFK EHJDQQHQ QXQ XQV GLH$XVJHVWDOWXQJ XQG'HNRUDWLRQGHUVFK|QHQ*HPlFKHUXQVHUHV+DXVHVJHQDXHU DQ]XVFKDXHQ6LHHU]lKOWHPLUGDGLHVHV9RONZDKUVFKHLQOLFK YRUEHUHLQKXQGHUWWDXVHQG-DKUHQVHLQH%OWH]HLWHUOHEWKlWWH (VZDUHQGLHIUKHQ9RUIDKUHQLKUHV*HVFKOHFKWHVGLHVLFKDEHU PLW HLQHU DQGHUHQ JURHQ 5DVVH GHU )UK]HLW GLH VHKU GXQNHO IDVWVFKZDU]JHZHVHQZDUVRZLHPLWHLQHPU|WOLFKJHOEHQ9RON YHUPLVFKWKDWWHQ 'LHVHGUHLJURHQKRFKHQWZLFNHOWHQ5DVVHQVDKHQVLFKGD]X JH]ZXQJHQHLQJURHV%QGQLVHLQ]XJHKHQGDVLHDXI*UXQG GHV$XVWURFNQHQVGHU0DUVPHHUHGLHYHUJOHLFKVZHLVHZHQLJHQ XQG LPPHU NOHLQHU ZHUGHQGHQ IUXFKWEDUHQ *HELHWH DXIVXFKHQ
(5%XUURXJKV-RKQ&DUWHUYRP0DUV XQGVLFKXQWHUGHQQHXHQ/HEHQVEHGLQJXQJHQJHJHQGLHZLOGHQ +RUGHQGHUJUQHQ0HQVFKHQYHUWHLGLJHQPXWHQ 'HP MDKUKXQGHUWHODQJHQ =XVDPPHQOHEHQ HQWVSUDQJ GDV 9RON GHU URWHQ 0HQVFKHQ GHP DXFK 'HMDK 7KRULV DQJHK|UWH ,P 9HUODXIH GHU -DKUKXQGHUWH DQGDXHUQGHQ 6FKZLHULJNHLWHQ XQG GHU VWlQGLJHQ .ULHJH XQWHUHLQDQGHU XQG PLW GHQ JUQHQ 0HQVFKHQJLQJHQYLHOH(UUXQJHQVFKDIWHQGHUKRFKHQWZLFNHOWHQ =LYLOLVDWLRQ VRZLH ]DKOUHLFKH .XQVWZHUNH GHU KHOOKDDULJHQ 0DUVEHZRKQHUYHUORUHQQRFKEHYRUPDQVLFKGHQYHUlQGHUWHQ %HGLQJXQJHQ DQJHSDW KDWWH 'LH URWHQ 0HQVFKHQ YRQ KHXWH JODXEWHQ GXUFK QHXH (UNHQQWQLVVH XQG HLQH DQJHEUDFKWH /HEHQVZHLVH ZLHGHU DXVJHJOLFKHQ ]X KDEHQ ZDV PLW LKUHQ 9RUIDKUHQXQZLHGHUEULQJOLFKGDKLQJHJDQJHQZDU 'LH 0DUVPHQVFKHQ YRQ IUKHU ZDUHQ HLQ KRFKHQWZLFNHOWHV XQG JHELOGHWHV 9RON GRFK ZlKUHQG MHQHU PKVDPHQ MDKUKXQGHUWHODQJHQ $QSDVVXQJ DQ QHXH /HEHQVEHGLQJXQJHQ NDPQLFKWQXULKU)RUWVFKULWWXQGLKUH3URGXNWLRQ]XP(UOLHJHQ VRQGHUQZXUGHQDXFKDOOLKUH$UFKLYH$XI]HLFKQXQJHQXQGLKUH /LWHUDWXU]HUVW|UW 'HMDK7KRULVHU]lKOWHYLHOHLQWHUHVVDQWH)DNWHQXQG/HJHQGHQ EHU LKUH HGOHQ XQG IUHXQGOLFKHQ 9RUIDKUHQ 6LH VDJWH GLH 6WDGW LQ GHU ZLU XQVHU /DJHU DXIJHVFKODJHQ KDWWHQ VHL HLQ +DQGHOVXQG.XOWXU]HQWUXPPLW1DPHQ.RUDGJHZHVHQ0DQ KDWWH HV DQ HLQHP VFK|QHQ QDWUOLFKHQ YRQ VDQIWHQ +JHOQ HLQJHVFKORVVHQHQ+DIHQHUULFKWHW,KUHQ%HULFKWHQ]XIROJHZDU GDVNOHLQH7DOLP:HVWHQGHU6WDGWGDVHLQ]LJHZDVYRP+DIHQ EULJJHEOLHEHQ ZDU ZlKUHQG GHU 3D GHU GXUFK GLH *HELUJH
(5%XUURXJKV-RKQ&DUWHUYRP0DUV ]XPHKHPDOLJHQ0HHUHVJUXQGIKUWHMHQHU.DQDOJHZHVHQVHL GXUFKGHQGLH6FKLIIHYRUGLH6WDGWWRUHJHODQJWHQ hEHUDOO DQ GHQ 8IHUQ GHU IUKHUHQ 0HHUH EHIDQGHQ VLFK VROFKH 6WlGWH -H ZHLWHU PDQ VLFK DXI GHP DXVJHWURFNQHWHQ 0HHUHVJUXQG IRUWEHZHJWH GHVWR ZHQLJHU NOHLQHUH 6LHGOXQJHQ IDQG PDQ GD GLH 0HQVFKHQ GHQ ]XUFNZHLFKHQGHQ 8IHUQ KDWWHQIROJHQXQGVFKOLHOLFK]XGHQVRJHQDQQWHQ0DUVNDQlOHQ =XÀXFKWQHKPHQPVVHQ 'LH %HWUDFKWXQJ GHU *HPlFKHU XQG XQVHUH 8QWHUKDOWXQJ KDWWHQ XQV GHUDUW LQ $QVSUXFK JHQRPPHQ GD HV VSlW DP 1DFKPLWWDJ ZDU HKH ZLU XQV YHUVDKHQ (LQ %RWH EUDFKWH XQV ]XUFNLQGLH*HJHQZDUW/RUTXDV3WRPHOOLHPLUDXVULFKWHQ LFKVROOHXQYHU]JOLFK]XLKPNRPPHQ,FKYHUDEVFKLHGHWHPLFK YRQ'HMDK7KRULVXQG6RODEHIDKO:RRODDXIVLHDXI]XSDVVHQ XQGHLOWHLQGHQ$XGLHQ]VDDOZRLFK/RUTXDV3WRPHOXQG7DUV 7DUNDVDXIGHP3RGLXPVLW]HQGYRUIDQG
(5%XUURXJKV-RKQ&DUWHUYRP0DUV
5Y^]Yd=QSXdQecWUcdQddUdUb7UVQ^WU^Ub
$OV LFK HLQWUDW XQG JUWH KLH PLFK /RUTXDV 3WRPHO QlKHUWUHWHQULFKWHWHGLHJURHQJUlOLFKHQ$XJHQDXIPLFKXQG KXEDQª'XELVW]ZDUHUVWHLQLJH7DJHEHLXQVKDVWGLULQGLHVHU =HLWGXUFKGHLQDXHUJHZ|KQOLFKHV.|QQHQMHGRFKVFKRQHLQH KRKH3RVLWLRQYHUVFKDIIW:LHGHPDXFKVHLGXJHK|UVWQLFKW]X XQVXQGELVWXQVQLFKWVVFKXOGLJ© ª'HLQH6WHOOXQJLVWHLJHQWPOLFK©IXKUHUIRUWª'XELVWHLQ *HIDQJHQHUXQGGHQQRFKPXGHLQHQ%HIHKOHQ)ROJHJHOHLVWHW ZHUGHQ 'X ELVW HLQ )UHPGHU XQG GHQQRFK HLQ $QIKUHU GHU 7KDUN 'X ELVW HLQ =ZHUJ XQG GHQQRFK YHUPDJVW GX HLQHQ VWDWWOLFKHQ .ULHJHU PLW HLQHP HLQ]LJHQ )DXVWVFKODJ ]X W|WHQ 1XQZLUGXQV]XJHWUDJHQGDGXPLWGHUDQGHUHQ*HIDQJHQHQ GLH)OXFKWSODQVWHLQHU*HIDQJHQHQGLHQDFKHLJHQHU$XVVDJH KDOEJODXEWGDGXDXVGHP7DO'RU]XUFNJHNHKUWELVW-HGHYRQ GLHVHQEHLGHQ$QVFKXOGLJXQJHQOLHIHUWHVROOWHVLHVLFKDOVZDKU KHUDXVVWHOOHQDXVUHLFKHQGHQ$QODIUGHLQH+LQULFKWXQJDEHU ZLUVLQGHLQJHUHFKWHV9RONXQGGXVROOVWEHLXQVHUHU5FNNHKU QDFK7KDUNHLQHQ3UR]HKDEHQVRIHUQ7DO+DMXVHVEH¿HKOW 6ROOWHVWGXPLWGHPURWHQ0lGFKHQGDYRQODXIHQELQLFKHV GHU7DO+DMXVGDIU5HFKHQVFKDIWDEOHJHQPXELQLFKHVGHU JHJHQ7DUV7DUNDVDQWUHWHQXQGVHLQH%HIHKOVJHZDOWQDFKZHLVHQ
(5%XUURXJKV-RKQ&DUWHUYRP0DUV PXRGHUGDV0HWDOOPHLQHV/HLFKQDPVZLUGDQHLQHQEHVVHUHQ 0DQQEHUJHKHQZLHHVGHU%UDXFKEHLGHQ7KDUNYHUODQJW ,FKKDEHPLW7DUV7DUNDVNHLQHQ6WUHLWJHPHLQVDPKHUUVFKHQ ZLU EHU GLH JU|WH *HPHLQVFKDIW GHU JUQHQ 0HQVFKHQ XQG ZLU VXFKHQ NHLQHQ =ZLVW ,FK ZlUH IURK ZHQQ GX WRW ZlUHVW -RKQ&DUWHU'HQQRFKGDUIVWGXRKQH%HIHKOYRQ7DO+DMXVQXU XQWHU]ZHL%HGLQJXQJHQJHW|WHWZHUGHQ:HQQGXHLQHQYRQXQV DQJUHLIVWRGHUZHQQZLUGLFKEHLP)OXFKWYHUVXFKHUZLVFKHQ 'HU*HUHFKWLJNHLWKDOEHUWHLOHLFKGLUPLWGDZLUQXUDXIHLQH GHUEHLGHQ*HOHJHQKHLWHQZDUWHQXPGLFKORV]XZHUGHQ)UXQV LVWGLHhEHUJDEHGHVURWHQ0lGFKHQVDQ7DO+DMXVYRQJU|WHU :LFKWLJNHLW ,QQHUKDOE GHU OHW]WHQ WDXVHQG -DKUH KDEHQ GLH 7KDUNQLHPDOVHLQHQVROFKHQ)DQJJHPDFKW6LHLVWGLH(QNHOLQ GHVJU|WHQGHUURWHQ-HGGDNVHLQHVXQVHU(U]IHLQGH,FKKDEH JHVSURFKHQ 'DV URWH 0lGFKHQ KDW XQV JHVDJW ZLU ZlUHQ EDU MHGHQ PHQVFKOLFKHQ *HIKOV DEHU ZLU VLQG HLQ JHUHFKWHV XQG HKUOLFKHV9RON'XGDUIVWJHKHQ© ,FK ZDQGWH PLFK XP XQG YHUOLH GDV $XGLHQ]]LPPHU 6R DOVRVDK6DUNRMDV5DFKHDXV,FKZXWHGDGHU%HULFKWGHUVR VFKQHOO/RUTXDV3WRPHOV]X2KUHQJHNRPPHQZDUYRQQLHPDQG DQGHUVVWDPPHQNRQQWHXQGQXQ¿HOHQPLU%UXFKVWFNHXQVHUHV *HVSUlFKHVZLHGHUHLQVRZHLWVLHGLH)OXFKWXQGPHLQH+HUNXQIW EHWUDIHQ 6DUNRMDZDU]XGLHVHU=HLW7DUV7DUNDVlOWHVWH9HUWUDXWH$OV VROFKHEHVDVLHHLQHQJURHQ(LQÀXDXIGHQ+HUUVFKHUGHQQ NHLQHP .ULHJHU YHUWUDXWH /RUTXDV 3WRPHOV LQ GHP 0DH ZLH VHLQHPIlKLJVWHQ6WHOOYHUWUHWHU7DUV7DUNDV
(5%XUURXJKV-RKQ&DUWHUYRP0DUV $QVWHOOH PLU MHGHQ )OXFKWJHGDQNHQ HLQ IU DOOHPDO DXV]XWUHLEHQIKUWHPHLQH$XGLHQ]EHL/RUTXDV3WRPHOMHGRFK OHGLJOLFK GD]X GD VLFK PHLQ JHVDPWHV 6WUHEHQ QXQPHKU GLHVHP=LHO]XZDQGWH0HKUGHQQMHZDULFKPLUGHUDEVROXWHQ 1RWZHQGLJNHLWGHU)OXFKWEHZXWGHQQLFKZDUEHU]HXJWGD 'HMDK 7KRULV LP +DXSWODJHU EHL 7DO +DMXV HLQ VFKUHFNOLFKHV 6FKLFNVDOHUZDUWHWH 1DFK 6RODV %HVFKUHLEXQJ YHUHLQWHQ VLFK LQ GLHVHP 0RQVWHU (LJHQVFKDIWHQ GHU JUDXVDPVWHQ XQG EUXWDOVWHQ 9RUIDKUHQ DOOHU -DKUKXQGHUWH(UZDUNDOWYHUVFKODJHQXQGJDEVLFKLP*HJHQVDW] ]XVHLQHQ0LWPHQVFKHQMHQHUWULHEKDIWHQ/HLGHQVFKDIWKLQGLH DXIJUXQG GHU VFKZLQGHQGHQ 1RWZHQGLJNHLW VLFK DXI GLHVHP VWHUEHQGHQ3ODQHWHQIRUW]XSÀDQ]HQIDVWEHLDOOHQ0DUVPHQVFKHQ YHUNPPHUWZDU %HL GHP *HGDQNHQ GD GLH J|WWOLFKH 'HMDK 7KRULV HLQHP VROFKGHJHQHULHUWHQ8QKROGLQGLH.ODXHQIDOOHQNRQQWHEUDFK PLUGHUNDOWH6FKZHLDXV(VZDUZHLWDXVEHVVHUVLFK.XJHOQ IU GHQ OHW]WHQ $XJHQEOLFN DXI]XVSDUHQ ZLH HV MHQH PXWLJHQ 3LRQLHUIUDXHQ PHLQHV YHUORUHQHQ *UHQ]ODQGHV JHWDQ KDWWHQ GLHVLFKOLHEHUGDV/HEHQQDKPHQDOVLQGLH+lQGHLQGLDQLVFKHU .ULHJHU]XIDOOHQ $OV LFK PHLQHQ GVWHUHQ *HGDQNHQ QDFKKlQJHQG QRFK DXI GHP 3ODW] XPKHUOLHI QlKHUWH VLFK PLU 7DUV 7DUNDV GHU DXV GHP$XGLHQ]VDDO NDP 6HLQ$XIWUHWHQ PLU JHJHQEHU ZDU XQYHUlQGHUWXQGHUJUWHPLFKDOVKlWWHQZLUXQVQLFKWHUVWYRU HLQLJHQ$XJHQEOLFNHQJHWUHQQW ª:RLVWGHLQH8QWHUNXQIW-RKQ&DUWHU"©IUDJWHHUPLFK
(5%XUURXJKV-RKQ&DUWHUYRP0DUV ª,FKKDEHQRFKNHLQH©HQWJHJQHWHLFKª(VHUVFKLHQPLUDP EHVWHQPLUHWZDVIUPLFKDOOHLQ]XVXFKHQRGHUEHLGHQDQGHUHQ .ULHJHUQ ]X ZRKQHQ ,FK ZROOWH GLFK GHVKDOE EHL *HOHJHQKHLW XP 5DW IUDJHQ© VDJWH LFK OlFKHOQG ª:LH GX ZHLW VLQG PLU QRFKQLFKWDOOH%UlXFKHGHU7KDUNJHOlX¿J© ª.RPP© EHIDKO HU XQG JHPHLQVDP JLQJHQ ZLU EHU GHQ 3ODW]]XHLQHP*HElXGHGDV]XPHLQHU)UHXGHDQMHQHVJUHQ]WH LQGHP6RODXQGLKUH6FKW]OLQJHXQWHUJHEUDFKWZDUHQ ª0HLQH 5lXPH EH¿QGHQ VLFK LP XQWHUVWHQ *HVFKR GLHVHV +DXVHV GDV ]ZHLWH LVW HEHQIDOOV YROO YRQ .ULHJHUQ DEHU GDV GULWWHXQGGLHEULJHQ6WRFNZHUNHVLQGIUHLGXNDQQVWGLUHLQHV GDYRQDXVVXFKHQ ,FK YHUVWHKH GD GX GHLQH )UDX GHU URWHQ *HIDQJHQHQ EHUODVVHQ KDVW :LH GX JHVDJW KDVW LVW GHLQH $UW QLFKW GLH XQVULJH DEHU GX ELVW HLQ VR JXWHU .lPSIHU GD GX WXQ NDQQVW ZLHGLUEHOLHEWXQGZHQQGXGHLQH)UDXGHU*HIDQJHQHQJLEVW LVW GDV GHLQH 6DFKH$OV %HIHKOVKDEHU PXW GX MHGRFK 'LHQHU KDEHQ XQG HQWVSUHFKHQG XQVHUHQ %UlXFKHQ GDUIVW GX GLU DXV GHP*HIROJHMHQHUGHUHQ$XVUVWXQJGXQXQWUlJVWHLQLJHRGHU DOOH)UDXHQQHKPHQ© ,FK EHGDQNWH PLFK YHUVLFKHUWH LKP DEHU VHKU ZRKO RKQH +LOIH ]XUHFKW]XNRPPHQ DXHU EHL GHU 1DKUXQJV]XEHUHLWXQJ XQGHUYHUVSUDFKPLUHLQLJH)UDXHQ]XVFKLFNHQGLHVLFKDXFK XP PHLQH :DIIHQ NPPHUQ XQG 0XQLWLRQ KHUVWHOOWHQ VROOWHQ ZDVVHLQHU$QVLFKWQDFKQ|WLJZDU,FKEDWGDUXPGDVLHDXFK HLQLJH6HLGHQVWRIIHXQG)HOOHPLWEUDFKWHQGLHPLUDOV%HXWHGHV =ZHLNDPSIHV]XVWDQGHQGDHVGHV1DFKWVNDOWZDUXQGLFKNHLQH HLJHQHQEHVD
(5%XUURXJKV-RKQ&DUWHUYRP0DUV (UYHUVSUDFKPLU+LOIHXQGYHUVFKZDQG$XIGHU6XFKHQDFK HLQHU JHHLJQHWHQ %OHLEH VWLHJ LFK GLH :HQGHOWUHSSH ]X GHQ REHUHQ 6WRFNZHUNHQ HPSRU 'LH 3UDFKW GHU DQGHUHQ *HElXGH ZLHGHUKROWHVLFKLQGLHVHPXQGZLHLPPHUEHIDQGLFKPLFKEDOG DXIHLQHP(UNXQGXQJVJDQJ 6FKOLHOLFKZlKOWHLFKHLQHQGHUYRUGHUHQ5lXPHGHVGULWWHQ 6WRFNZHUNHV DXV GD LFK 'HMDK 7KRULV GRUW QlKHU ZDU GHUHQ 5lXPHVLFKLP]ZHLWHQ*HVFKRGHV1HEHQJHElXGHVEHIDQGHQ 0LFK GXUFKIXKU GHU *HGDQNH GD ZLU LUJHQGZHOFKH =HLFKHQ YHUHLQEDUHQ PWHQ IU GHQ )DOO VLH EUDXFKWH PHLQH 'LHQVWH RGHUPHLQHQ6FKXW] 1HEHQ PHLQHP 6FKODIJHPDFK ODJHQ %lGHU $QNOHLGHUlXPH XQGDQGHUH:RKQXQG6FKODI]LPPHULQVJHVDPW]HKQDXIGHP 6WRFNZHUN'LH)HQVWHUGHUKLQWHUHQ5lXPHEOLFNWHQDXIHLQHQ ULHVLJHQ,QQHQKRIGHQYLHU*HElXGHHLQVFKO|VVHQXQGGHUQXQ GLH YHUVFKLHGHQHQ 7LHUH GHU .ULHJHU DXV GHQ DQJUHQ]HQGHQ *HElXGHQEHKHUEHUJWH 2EZRKOGHU+RIJlQ]OLFKYRQGHPJHOEHQ0RRVEHZDFKVHQ ZDU GDV HLJHQWOLFK GLH JHVDPWH 0DUVREHUÀlFKH EHGHFNW ]HXJWHQ ]DKOUHLFKH 6SULQJEUXQQHQ 6NXOSWXUHQ %lQNH XQG ODXEHQDUWLJH *HElXGH YRQ GHU IUKHUHQ $QPXW GLHVHU (LQULFKWXQJ GLH GLH EORQGHQ JOFNOLFKHQ 0HQVFKHQ PLW LKUHU $QZHVHQKHLW YHUVFK|QW KDWWHQ XP VSlWHU YRQ XQHUELWWOLFKHQ XQGXQZDQGHOEDUHQNRVPLVFKHQ*HVHW]HQDXVLKUHQ+HLPVWlWWHQ YHUWULHEHQ ]X ZHUGHQ VR GD DXHU GHQ /HJHQGHQ EHU LKUH $EVWDPPXQJQLFKWVPHKUYRQLKQHQEHNDQQWZDU 0LW /HLFKWLJNHLW NRQQWH PDQ VLFK GDV SUlFKWLJH /DXEZHUN GHU UHLFKKDOWLJHQ 3ÀDQ]HQZHOW GHV 0DUV YRUVWHOOHQ GLH GLHVH
(5%XUURXJKV-RKQ&DUWHUYRP0DUV 6]HQH PLW /HEHQ XQG )DUEH HUIOOW KDWWH GLH DQPXWLJHQ XQG ZXQGHUVFK|QHQ )UDXHQ GLH DXIUHFKWHQ JXW DXVVHKHQGHQ 0lQQHU GLH JOFNOLFKHQ XQG DXVJHODVVHQHQ .LQGHU EHUDOO HLWHO 6RQQHQVFKHLQ *OFN XQG )ULHGH (V ZDU VFKZLHULJ VLFK HLQ]XJHVWHKHQ GD VLH DXVJHO|VFKW ZXUGHQ GXUFK ¿QVWHUH -DKUKXQGHUWHGHU,JQRUDQ]XQG*UDXVDPNHLWELVLKUHNXOWXUHOOHQ XQG PHQVFKOLFKHQ :HUWH HUQHXW LQ HLQHP 9RON DXÀHEWHQ GDV VLFKDXVYLHOHQ5DVVHQ]XVDPPHQJHIJWKDWWHXQGQXQDXIGHP 0DUVYRUKHUUVFKWH 0HLQHQ*HGDQNHQZXUGHGXUFKGDV(LQWUHIIHQHLQLJHUMXQJHU )UDXHQ(LQKDOWJHERWHQGLHPLW:DIIHQ6HLGHQVWRIIHQ)HOOHQ (GHOVWHLQHQ .RFKXWHQVLOLHQ )lVVHUQ PLW /HEHQVPLWWHOQ VRZLH HLQHPEHWUlFKWOLFKHQ7HLOGHU%HXWHDXVGHP)OXJ]HXJEHODGHQ ZDUHQ$OO GLHVH 'LQJH KDWWHQ HLQVW GHQ EHLGHQ %HIHKOVKDEHUQ JHK|UWGLHLFKJHW|WHWKDWWHXQGZDUHQQXQQDFKGHQDXIGHP 0DUV EOLFKHQ %UlXFKHQ LQ PHLQHQ %HVLW] EHUJHJDQJHQ$XI PHLQHQ%HIHKOKLQVWHOOWHQVLHGLH6DFKHQLQHLQHPGHUKLQWHUHQ 5lXPHDEXQG]RJHQVLFK]XUFNXPGDQQVSlWHUPLWHLQHUQHXHQ /DGXQJZLHGHU]XNRPPHQGLHQDFKLKUHU$XVVDJHGHQEULJHQ 7HLO PHLQHV %HVLW]HV GDUVWHOOWH %HLP ]ZHLWHQ 0DO ZXUGHQ VLH YRQ]HKQIQI]HKQZHLWHUHQ)UDXHQXQG-XJHQGOLFKHQEHJOHLWHW GLHGDV*HIROJHGHUEHLGHQ$QIKUHUJHELOGHWKDWWHQ 6LH ZDUHQ QLFKW PLWHLQDQGHU YHUZDQGW ZHGHU LKUH )UDXHQ QRFK LKUH 'LHQHU 'LH %H]LHKXQJHQ ZDUHQ HLJHQWPOLFK XQG QDFK XQVHUHQ 0DVWlEHQ VFKZHU ]X EHVFKUHLEHQ %HL GHQ JUQHQ0DUVPHQVFKHQLVWDOOHVPLW$XVQDKPHGHUSHUV|QOLFKHQ :DIIHQ GHV 6FKPXFNV GHU VHLGHQHQ 6FKODIGHFNHQ XQG GHU 3HO]HJHPHLQVFKDIWOLFKHU%HVLW]1XUDXIGLHVH'LQJHKDWPDQ
(5%XUURXJKV-RKQ&DUWHUYRP0DUV HLQXQEHVWULWWHQHV5HFKWGDYRQNDQQPDQPHKUDQVDPPHOQDOV PDQ HLJHQWOLFK EHQ|WLJW 'LH EULJHQ 6DFKHQ EH¿QGHQ VLFK LQ 7UHXKDQG:HQQHVGLH1RWZHQGLJNHLWHUIRUGHUWZHUGHQVLHGHQ MQJHUHQ0LWJOLHGHUQGHU*HVHOOVFKDIWEHUJHEHQ 'LH)UDXHQXQG.LQGHUDXVGHP*HIROJHHLQHV0DQQHVN|QQHQ PLWHLQHUPLOLWlULVFKHQ(LQKHLWYHUJOLFKHQZHUGHQIUGLHHUDXI YHUVFKLHGHQH:HLVHYHUDQWZRUWOLFKLVW(UKDWVLH]XXQWHUZHLVHQ ]XP*HKRUVDPDQ]XKDOWHQIULKUHQ/HEHQVXQWHUKDOWXQGLKUH %HGUIQLVVH Zl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lXHUVWDQVWlQGLJ VRZRKO GLH )UDXHQ DOV DXFK GLH 0lQQHU VROFKH GHJHQHULHUWHQ *HVWDOWHQZLH7DO+DMXVDXVJHQRPPHQGRFKHLQDXVJHZRJHQHV
(5%XUURXJKV-RKQ&DUWHUYRP0DUV *OHLFKJHZLFKW PHQVFKOLFKHU (LJHQVFKDIWHQ ZlUH EHL ZHLWHP EHVVHU VRJDU ZHQQ HV JHOHJHQWOLFK HLQHQ JHULQJHQ 9HUOXVW DQ 6LWWVDPNHLW]XU)ROJHKlWWH ,FKVWHOOWHIHVWGDLFKZRKORGHUEHOGLH9HUDQWZRUWXQJEHU GLHVH .UHDWXUHQ EHUQHKPHQ PXWH ,FK EHVFKOR GDV EHVWH GDUDXV ]X PDFKHQ XQG VDQGWH VLH LQ GLH REHUHQ 6WRFNZHUNH XP VLFK 8QWHUNQIWH ]X VXFKHQ VR GD GHU GULWWH 6WRFN PLU EHUODVVHQ EOLHE (LQHV GHU 0lGFKHQ EHWUDXWH LFK PLW PHLQHU DQVSUXFKVORVHQ (UQlKUXQJ GLH DQGHUHQ EHUOLH LFK LKUHQ YHUVFKLHGHQHQ%HVFKlIWLJXQJHQ'DQDFKVDKLFKQLFKWPHKUYLHO YRQLKQHQXQGHVZDUPLUJDQ]UHFKWVR
(5%XUURXJKV-RKQ&DUWHUYRP0DUV
1DFK GHP *HIHFKW PLW GHQ /XIWVFKLIIHQ EOLHEHQ ZLU HLQLJH 7DJHLQGHU6WDGW0DQVFKREGHQ+HLPPDUVFKVRZHLWKLQDXV XPJDQ]VLFKHU]XJHKHQGDGLH6FKLIIHQLFKW]XUFNNHKUWHQ 6HOEVWHLQVRNULHJHULVFKHV9RONZLHGLHJUQHQ0DUVPHQVFKHQ ZROOWHQQLFKWLPRIIHQHQ/DQGYRQHLQHPVROFKHQ*HVFKZDGHU EHUUDVFKWZHUGHQ :lKUHQG GLHVHU =HLW GHU 8QWlWLJNHLW XQWHUZLHV PLFK 7DUV 7DUNDV LQ YLHOHQ %UlXFKHQ XQG .ULHJVNQVWHQ GHU 7KDUN 6R OHUQWH LFK UHLWHQ ZLH DXFK GHQ 8PJDQJ PLW GHQ JURHQ 5HLWWLHUHQ 'LHVH .UHDWXUHQ VRJHQDQQWH 7KRDWV VLQG HEHQVR JHIlKUOLFK XQG KLQWHUOLVWLJ ZLH LKUH 5HLWHU GRFK KDW PDQ VLH HLQPDO JH]lKPW ODVVHQ VLH VLFK ZHLWJHKHQGVW IU GLH =ZHFNH GHUJUQHQ0DUVPHQVFKHQQXW]HQ 0LU ZDUHQ ]ZHL GLHVHU 7LHUH DXV GHP %HVLW] GHU .ULHJHU ]XJHIDOOHQ GHUHQ 0HWDOO LFK WUXJ XQG LQQHUKDOE NXU]HU =HLW EHKHUUVFKWH LFK VLH JHQDXVR JXW ZLH GLH 0DUVPHQVFKHQ (V ZDU QLFKW DOO]X NRPSOL]LHUW 5HDJLHUWHQ GLH 7KRDWV QLFKW VFKQHOO JHQXJ DXI GLH GXUFK *HGDQNHQEHUWUDJXQJ HUWHLOWHQ $QZHLVXQJHQHUKLHOWHQVLHHLQHQIXUFKWEDUHQ6FKODJ]ZLVFKHQ GLH2KUHQ:HQQVLHVLFKVWUlXEWHQVHW]WHPDQGLHVH%HKDQGOXQJ
(5%XUURXJKV-RKQ&DUWHUYRP0DUV IRUWELVGLH8QWLHUHVLFKHQWZHGHUXQWHUZRUIHQRGHULKUH5HLWHU DEJHVFKWWHOWKDWWHQ ,QOHW]WHUHP)DOOIROJWHGDUDXIKLQHLQ.DPSIDXI/HEHQXQG 7RG]ZLVFKHQ5HLWHUXQG7LHU:DUGHU.ULHJHUPLWGHU3LVWROH VFKQHOO JHQXJ NRQQWH HU VLFK HLQ DQGHUHV 7LHU VXFKHQ ZHQQ QLFKW ODVHQ VHLQH )UDXHQ GLH ]HUÀHLVFKWHQ hEHUUHVWH DXI XQG YHUEUDQQWHQGLHVHZLHHVLQ7KDUNEOLFKZDU $XI *UXQG PHLQHU (UIDKUXQJHQ PLW :RROD HQWVFKLHG LFK PLFKHUQHXWHLQ([SHULPHQW]XZDJHQXQGPHLQHQ7KRDWVHLQH JXWH%HKDQGOXQJDQJHGHLKHQ]XODVVHQ=XHUVW]HLJWHLFKLKQHQ GDHVXQP|JOLFKZDUPLFKDE]XZHUIHQXQGVFKOXJVLHVRJDU PLWDOOHU.UDIW]ZLVFKHQGLH2KUHQXPLKQHQ]XEHGHXWHQZHU LKU+HUUXQG0HLVWHUZDU'DQQHUDUEHLWHWHLFKPLUVFKULWWZHLVH LKU 9HUWUDXHQ ZLH LFK HV VFKRQ XQ]lKOLJH 0DOH DXI GHU (UGH PLW PHLQHQ 3IHUGHQ JHWDQ KDWWH ,FK KDWWH EHL 7LHUHQ LPPHU HLQH JOFNOLFKH +DQG XQG EHKDQGHOWH VLH VWHWV IUHXQGOLFK XQG PHQVFKOLFK DXFK ZHLO HV VLFK DXI 'DXHU DXV]DKOWH XQG HUVSULHOLFKHUZDU:HQQQ|WLJNRQQWHLFKPLWZHLWDXVZHQLJHU 6NUXSHOQHLQHP0HQVFKHQGDV/HEHQQHKPHQDOVHLQHPDUPHQ 7LHUZHOFKHVGHV'HQNHQVQLFKWIlKLJXQGGHP]XIROJHIUVHLQ +DQGHOQQLFKWYHUDQWZRUWOLFKZDU 6FKRQ QDFK ZHQLJHQ 7DJHQ ZXUGHQ PHLQH 7KRDWV YRQ GHU JHVDPWHQ *HPHLQVFKDIW EHZXQGHUW 6LH JHKRUFKWHQ PLU ZLH +XQGH lXHUWHQ DXI OLQNLVFKH :HLVH LKUH =XQHLJXQJ LQGHP VLHGLHJURHQ0lXOHUDQPHLQHP.|USHUULHEHQXQGEHIROJWHQ GHUDUW IJVDP XQG EHUHLWZLOOLJ MHGHQ PHLQHU %HIHKOH GD GLH 0DUVPHQVFKHQPHLQWHQLFKYHUIJWHEHULUJHQGHLQHLUGLVFKH DXIGHP0DUVXQEHNDQQWH.UDIW
(5%XUURXJKV-RKQ&DUWHUYRP0DUV ª+DVW GX VLH YHUKH[W"© IUDJWH PLFK 7DUV 7DUNDV HLQHV 1DFKPLWWDJVDOVHUEHREDFKWHWKDWWHZLHLFKPHLQHQ$UPWLHI LQGHQ6FKOXQGHLQHVPHLQHU7KRDWVVFKREGHPHLQ6WHLQFKHQ ]ZLVFKHQGHQ=lKQHQVWHFNHQJHEOLHEHQZDUDOVHVYRP0RRV DXIXQVHUHP+RIJHIUHVVHQKDWWH ª'XUFK )UHXQGOLFKNHLW© HQWJHJQHWH LFK ª'X VLHKVW 7DUV 7DUNDVHLQJHIKOYROOHUHV+HUDQJHKHQLVWVRJDUIUHLQHQ.ULHJHU YRQ:HUW,FKZHLGDPHLQH7KRDWVVRZRKOLP.DPSIJHWPPHO DOVDXFKDXIGHP0DUVFKMHGHPPHLQHU%HIHKOHIROJHQZHUGHQ 'DKHUHUK|KWVLFKPHLQH/HLVWXQJVIlKLJNHLWLP.DPSIXQGLFK ELQHLQEHVVHUHU.ULHJHUZHLOLFKHLQIUHXQGOLFKHU*HELHWHUELQ 6ROOWHQGHLQHDQGHUHQ.ULHJHUGLHVHPHLQH0HWKRGHQDXIJUHLIHQ ZHUGHQVLHIHVWVWHOOHQGDHVVRZRKOIUGLH*HPHLQVFKDIWDOV DXFK IU VLH YRQ 9RUWHLO LVW (UVW YRU HLQLJHQ 7DJHQ KDVW GX PLU HU]lKOW GLHVH JURHQ 7LHUH YHUZDQGHOWHQ DXI *UXQG LKUHV XQEHVWlQGLJHQ 7HPSHUDPHQWHV RIWPDOV HLQHQ 6LHJ LQ HLQH 1LHGHUODJHGDVLHVLFKLPHQWVFKHLGHQGHQ0RPHQWZRP|JOLFK HQWVFKOLHHQLKUH5HLWHUDE]XZHUIHQXQG]X]HUÀHLVFKHQ© ª=HLJPLUZLHGXGDVHUUHLFKWKDVW©ZDU7DUV7DUNDV HLQ]LJHU .RPPHQWDU 6RDXVIKUOLFKZLHP|JOLFKHUNOlUWHLFKLKPZLHLFKEHLGHQ 7LHUHQYRUJHJDQJHQZDU6SlWHUOLHHUPLFKPHLQH0HWKRGHYRU /RUTXDV3WRPHOXQGDOOHQDQGHUHQ.ULHJHUQZLHGHUKROHQ'LHVHU 0RPHQWNHQQ]HLFKQHWHGHQ%HJLQQHLQHVQHXHQ'DVHLQIUGLH DUPHQ 7KRDWV XQG EHYRU LFK GLH *HPHLQVFKDIW YRQ /RUTXDV 3WRPHO YHUOLH EHREDFKWHWH LFK ]X PHLQHU %HIULHGLJXQJ HLQ 5HJLPHQWGHUDUWJHIJLJHUXQGJHKRUVDPHU5HLWWLHUHZLHPDQ HVJHUQ]XVHKHQEHNRPPW0LOLWlULVFKH%HZHJXQJHQNRQQWHQ
(5%XUURXJKV-RKQ&DUWHUYRP0DUV VRPLW ZHVHQWOLFK JHQDXHU XQG VFKQHOOHU GXUFKJHIKUW ZHUGHQ 6LH VRUJWHQ GHUDUW IU $XIVHKHQ GD PLU /RUTXDV 3WRPHO DOV =HLFKHQGHU:HUWVFKlW]XQJPHLQHU'LHQVWHIUGLH*HPHLQVFKDIW HLQHQPDVVLYJROGHQHQ)XULQJYRQVLFKVFKHQNWH $P VLHEWHQ 7DJ QDFK GHU 6FKODFKW PLW GHQ /XIWVFKLIIHQ QDKPHQ ZLU HUQHXW GHQ 0DUVFK QDFK 7KDUN DXI GD /RUTXDV 3WRPHOQXQHLQHQ$QJULIIIUZHQLJZDKUVFKHLQOLFKHUDFKWHWH ,QGHQ7DJHQYRUXQVHUHU$EUHLVHVDKLFKQXUZHQLJYRQ'HMDK 7KRULVGDLFKY|OOLJYRQGHU$XVELOGXQJLQGHU.ULHJVNXQVWXQG GHU=lKPXQJPHLQHU7KRDWVLQ$QVSUXFKJHQRPPHQZXUGH'LH ZHQLJHQ0DOHGLHLFK]XLKUHU8QWHUNXQIWJHJDQJHQZDUKDWWH LFKVLHQLFKWDQJHWURIIHQZHLOVLHPLW6RODVSD]LHUHQJLQJRGHU JHUDGHGLH*HElXGHGHUQlKHUHQ8PJHEXQJHUIRUVFKWH,FKKDWWH VLHGDYRUJHZDUQWVLFKDOO]XZHLWYRP)RUXP]XHQWIHUQHQGD LFKGLHJURHQZHLHQ$IIHQIUFKWHWHGHUHQ*UDXVDPNHLWPLU QXU]XJXWEHNDQQWZDU'HQQRFKEHVWDQGYHUKlOWQLVPlLJZHQLJ *UXQG]XU%HXQUXKLJXQJ]XPDO:RRODVLHDXIDOOHQ$XVÀJHQ EHJOHLWHWHXQG6RODJXWEHZDIIQHWZDU $P $EHQG YRU GHP $EPDUVFK VDK LFK VLH DXI HLQHU GHU JURHQ 6WUDHQ KHUDQNRPPHQ GLH DXV GHP 2VWHQ GHU 6WDGW ]XP 3ODW] IKUWH ,FK OLHI LKQHQ HQWJHJHQ WHLOWH 6ROD PLW GD QXQPHKU LFK DXI 'HMDK 7KRULV DXISDVVHQ ZUGH XQG VFKLFNWH VLH XQWHU LUJHQGHLQHP QLFKWLJHQ 9RUZDQG LQ GLH 8QWHUNXQIW ,FK PRFKWH 6ROD XQG YHUWUDXWH LKU ZROOWH MHGRFK PLW 'HMDK 7KRULVDOOHLQVHLQGLHIUMHQHPHQVFKOLFKH$QWHLOQDKPHVWDQG GLH LFK DXI GHU (UGH ]XUFNJHODVVHQ KDWWH 8QV VFKLHQ lXHUVW YLHO PLWHLQDQGHU ]X YHUELQGHQ DOV ZlUHQ ZLU XQWHU GHPVHOEHQ
(5%XUURXJKV-RKQ&DUWHUYRP0DUV 'DFKJHERUHQZRUGHQXQGQLFKWDXIYHUVFKLHGHQHQ3ODQHWHQGLH DFKWXQGYLHU]LJ0LOOLRQHQ0HLOHQYRQHLQDQGHUHQWIHUQWZDUHQ ,FK NRQQWH VLFKHU VHLQ GD VLH LQ GLHVHU +LQVLFKW PHLQH *HIKOH WHLOWH GHQQ EHL PHLQHP 1lKHUNRPPHQ ZLFK GHU EHGDXHUQVZHUWKRIIQXQJVORVH%OLFNDXILKUHPUHL]YROOHQ*HVLFKW HLQHP IUHXGLJHQ %HJUXQJVOlFKHOQ DOV VLH PLU GLH NOHLQH UHFKWH+DQGDXIGLHOLQNH6FKXOWHUOHJWHZLHVLFKQXUGLHURWHQ 0DUVPHQVFKHQZLOONRPPHQKHLHQ ª6DUNRMDKDW6RODHU]lKOWGDGXHLQHFKWHU7KDUNJHZRUGHQ ELVWXQGGDLFKGLFKQXQHEHQVRRIW]XVHKHQEHNRPPHQZHUGH ZLHMHGHQDQGHUHQ.ULHJHU©HU]lKOWHVLH ª6DUNRMDLVWHLQ/JHQPDXOXQGZLUGGHPVWRO]HQ$QVSUXFK GHU7KDUNDXIDEVROXWH:DKUKHLWVWUHXHQLFKWJHUHFKW©HUZLGHUWH LFK 'HMDK7KRULVODFKWHª,FKZXWHDXFKZHQQGXHLQ0LWJOLHG LKUHU *HPHLQVFKDIW JHZRUGHQ ELVW ZUGHVW GX GHQQRFK PHLQ )UHXQG EOHLEHQ (LQ .ULHJHU NDQQ VHLQ 0HWDOO lQGHUQ MHGRFK QLFKWVHLQ+HU] ODXWHWHLQ6SULFKZRUWDXI%DUVRRP,FKGHQNH VLHKDEHQYHUVXFKWXQVYRQHLQDQGHUIHUQ]XKDOWHQ,PPHUZHQQ GXNHLQHQ'LHQVWKDWWHVWVDXJWHVLFKHLQHGHUlOWHUHQ)UDXHQDXV 7DUV7DUNDV*HIROJHLUJHQGHLQHQ9RUZDQGDXVGHQ)LQJHUQGDPLW GX6RODXQGPLFKQLFKW]X*HVLFKWEHNRPPVW6LHEUDFKWHQPLFK LQGLH*HZ|OEHXQWHUGHQ*HElXGHQLFKPXWHLKQHQKHOIHQLKU VFKUHFNOLFKHV5DGLXPSXOYHU]XPLVFKHQXQGGLHIUFKWHUOLFKHQ *HVFKRVVHKHU]XVWHOOHQ'XZHLWGDVLHEHLNQVWOLFKHP/LFKW JHIHUWLJW ZHUGHQ PVVHQ GHQQ VREDOG VLH GHP 6RQQHQOLFKW DXVJHVHW]WZHUGHQJHKHQVLHLQGLH/XIW,VWGLUDXIJHIDOOHQGD LKUH.XJHOQH[SORGLHUHQZHQQVLHDXIHLQHQ*HJHQVWDQGWUHIIHQ"
(5%XUURXJKV-RKQ&DUWHUYRP0DUV 'LH XQGXUFKVLFKWLJH +OOH ZLUG GXUFK GHQ $XISUDOO ]HUVW|UW XQG VHW]W GDEHL HLQHQ IDVW IHVWHQ *ODV]\OLQGHU IUHL LQ GHVVHQ 9RUGHUWHLOVLFKHLQZLQ]LJHV3DUWLNHO5DGLXPSXOYHUEH¿QGHW,Q GHP$XJHQEOLFNLQGHP6RQQHQOLFKWXQGVHLHVQRFKVRGLIIXV DQGDV3XOYHUNRPPWH[SORGLHUWGLHVHVPLWHLQHUYHUKHHUHQGHQ :LUNXQJ :HQQ GX MHPDOV HLQHQ 1DFKWNDPSI PLWHUOHEVW ZLUG GLU GDV $XVEOHLEHQ GHU ([SORVLRQHQ DXIIDOOHQ ZlKUHQG GHU GDUDXIIROJHQGH 0RUJHQ EHLP HUVWHQ 6RQQHQOLFKW YRQ ODXWHQ 'HWRQDWLRQHQ GHU LQ GHU YRUKHUJHKHQGHQ 1DFKW DEJHVDQGWHQ .XJHOQ HUIOOW ZLUG ,Q GHU 5HJHO YHUZHQGHW PDQ GHV 1DFKWV MHGRFKNHLQHH[SORVLYH0XQLWLRQ© 2EZRKO LFK 'HMDK 7KRULV (UNOlUXQJHQ EHU 'HWDLOV ]XU .ULHJVNXQVWDXIGHP0DUVPLW,QWHUHVVHODXVFKWHEHXQUXKLJWH PLFK HKHU ZLH PDQ VLH EHKDQGHOWH 'D PDQ VLH YRQ PLU IHUQKLHOWZDUQLFKWEHUUDVFKHQG'RFKGDPDQLKUJHIlKUOLFKH XQGPKVDPH$UEHLWHQ]XZLHVPDFKWHPLFKZWHQG ª+DEHQ VLH GLU LUJHQGZHOFKH *UDXVDPNHLWHQ RGHU *HPHLQKHLWHQ ]XJHIJW 'HMDK 7KRULV"© IUDJWH LFK XQG VSUWH GDVKHLH%OXWPHLQHUNULHJHULVFKHQ9RUIDKUHQLQPLUDXIZDOOHQ ZlKUHQGLFKDXILKUH$QWZRUWZDUWHWH ª1XUJHULQJIJLJ-RKQ&DUWHU©HQWJHJQHWHVLHª6LHN|QQHQ QXU PHLQHQ lXHUHQ 6WRO] YHUOHW]HQ 6FKOLHOLFK ZLVVHQ VLH
O
8P GLHVHV 3XOYHU ]X EHVFKUHLEHQ KDEH LFK GDV:RUW 5DGLXP JHQXW]W GD LFK DXI *UXQG NU]OLFKHU (QWGHFNXQJHQ DXI GHU (UGH DQQHKPH GD GLHVHV GDV*UXQGHOHPHQWGHV*HPLVFKHVGDUVWHOOW+DXSWPDQQ&DUWHUYHUZHQGHWLQ VHLQHP0DQXVNULSWLPPHUGLHVFKULIWVSUDFKOLFKH%H]HLFKQXQJYRQ+HOLXP 'LHVH +LHURJO\SKHQ VLQG VHKU NRPSOL]LHUW XQG KLHU NDXP ZLHGHU]XJHEHQ
(5%XUURXJKV-RKQ&DUWHUYRP0DUV GD LFK GLH 7RFKWHU YRQ ]HKQWDXVHQG -HGGDNV ELQ XQG PHLQH 9RUIDKUHQ RKQH 8QWHUEUHFKXQJ ELV ]XP (UEDXHU GHV HUVWHQ JURHQ :DVVHUZHJHV ]XUFNYHUIROJHQ NDQQ 6LH NHQQHQ QLFKW HLQPDOLKUHOHLEOLFKHQ0WWHUXQGVLQGGHVKDOEHLIHUVFKWLJ,P ,QQHUVWHQKDVVHQVLHLKUVFKUHFNOLFKHV6FKLFNVDOXQGODVVHQLKUHQ *UROODQPLUDXVGDLFKIUDOOGDVVWHKHZDVVLHQLFKWKDEHQ ZRQDFKVLHVLFKDPPHLVWHQVHKQHQXQGZDVVLHQLHEHNRPPHQ /DXQV(UEDUPHQPLWLKQHQKDEHQPHLQ*HELHWHUGHQQDXFK ZHQQZLUYRQLKUHU+DQGGHQ7RGHUOHLGHQ N|QQHQZLUXQV
GLHVHV0LWOHLGOHLVWHQGHQQZLUVWHKHQEHULKQHQXQG VLHZLVVHQGDV© :lUH PLU EHNDQQW JHZHVHQ ZHOFKH %HGHXWXQJ GLH :RUWH
PHLQ *HELHWHU KDWWHQ ZHQQ VLH YRQ HLQHU URWHQ 0DUVIUDX DQ HLQHQ0DQQJHULFKWHWZDUHQKlWWHLFKGLHhEHUUDVFKXQJPHLQHV /HEHQVHUOHEWGRFKGDVHUIXKULFKHUVWQDFKYLHOHQ0RQDWHQ-D LFKKDWWHDXI%DUVRRPQRFKYLHO]XOHUQHQ ª,FKQHKPHDQHVLVWNOJHUZLHWUDJHQXQVHU6FKLFNVDOVR ZUGHYROO ZLH P|JOLFK 'HMDK 7KRULV 1LFKWVGHVWRZHQLJHU KRIIH LFK GD LFK GDV QlFKVWH 0DO GDEHL ELQ ZHQQ LUJHQGHLQ 0DUVPHQVFK VHL HU JUQ URW URVD RGHU YLROHWW GLH )UHFKKHLW EHVLW]W GLU JHJHQEHU DXFK QXU GLH 6WLUQ ]X UXQ]HOQ PHLQH 3ULQ]HVVLQ© %HL PHLQHQ OHW]WHQ:RUWHQ KLHOW 'HMDK7KRULV GHQ$WHP DQ XQG VWDUUWH PLFK PLW JHZHLWHWHQ $XJHQ DQ 'DQQ DWPHWH VLH ]XVHKHQGV VFKQHOOHU XQG VFKOLHOLFK VFKWWHOWH VLH PLW HLQHP VHOWVDPHQ NOHLQHQ /DFKHQ GDV QHEHQ LKUHQ 0XQGZLQNHOQ VFKHOPLVFKH*UEFKHQHQWVWHKHQOLHGHQ.RSIXQGULHIª:DV
(5%XUURXJKV-RKQ&DUWHUYRP0DUV IUHLQ.LQG(LQJURHU.ULHJHUXQGGHQQRFKHLQXQJHVFKLFNWHV NOHLQHV.LQG© ª:DVKDEHLFKJHWDQ"©IUDJWHLFKVFKPHU]KDIWYHUOHJHQ ª(LQHV7DJHVZLUVWGXHVHUIDKUHQ-RKQ&DUWHUZHQQZLUGDQQ QRFKDP/HEHQVLQG$EHUQLFKWYRQPLU8QGLFKGLH7RFKWHU YRQ 0RUV .DMDN GHP 6RKQ YRQ 7DUGRV 0RUV KDEH HV RKQH *UROOYHUQRPPHQ©IJWHVLHDEVFKOLHHQGKLQ]X 'DQQZXUGHVLHZLHGHUJXWHU'LQJHXQGODFKWHXQGVFKHU]WH PLWPLUEHUPHLQDXHUJHZ|KQOLFKHV.|QQHQDOV7KDUNGDVLP :LGHUVSUXFK]XPHLQHPJXWHQ+HU]HQXQGPHLQHUQDWUOLFKHQ /LHEHQVZUGLJNHLWVWDQG ª,FK JODXEH ZHQQ GX ]XIlOOLJ HLQHQ )HLQG YHUZXQGHVW VR QLPPVW GX LKQ GDQQ PLW QDFK +DXVH XQG SÀHJVW LKQ JHVXQG© ODFKWHVLH ª*HQDX VR PDFKHQ ZLU GDV DXI GHU (UGH ]XPLQGHVW XQWHU ]LYLOLVLHUWHQ0HQVFKHQ©HQWJHJQHWHLFK $XFK GDV EUDFKWH VLH ]XP /DFKHQ 6LH NRQQWH HV QLFKW YHUVWHKHQ GHQQ WURW] LKUHU =lUWOLFKNHLW XQG EH]DXEHUQGHQ )UDXOLFKNHLW EOLHE VLH GRFK HLQ 0DUVPHQVFK XQG IU GLHVHQ LVW QXU HLQ WRWHU )HLQG HLQ JXWHU )HLQG GHQQ PLW MHGHP WRWHQ :LGHUVDFKHUJLEWHVXQWHUGHQhEHUOHEHQGHQPHKUDXI]XWHLOHQ ,FK ZDU VHKU HUSLFKW ]X HUIDKUHQ ZDV LFK YRU HLQHP $XJHQEOLFN JHVDJW RGHU JHWDQ KDWWH GDV VLH VR VHKU EHVWU]W KDWWHXQGVRGUlQJWHLFKVLHZHLWHUKLQPLFKDXI]XNOlUHQ ª1HLQHVJHQJWGDGXHVJHVDJWKDVWXQGLFKHVYHUQRPPHQ KDEH'RFKZHQQGXHVHUIlKUVW-RKQ&DUWHUXQGLFKGDQQVFKRQ
(5%XUURXJKV-RKQ&DUWHUYRP0DUV QLFKW PHKU DP /HKHQ VHLQ VROOWH ZDV ZDKUVFKHLQOLFK GHU )DOO LVW EHYRU GHU ]ZHLWH 0RQG QRFK ]Z|OIPDO %DUVRRP XPNUHLVW KDWGDQQHULQQHUHGLFKGDUDQGDLFK]XJHK|UWXQGJHOlFKHOW KDEH© )UPLFKZDUGDVDOOHVY|OOLJUlWVHOKDIWGRFKMHPHKULFKDXI VLHHLQUHGHWHGHVWRGHXWOLFKHUHUWHLOWHVLHPLUHLQH$EIXKUXQG VRJDELFKVFKOLHOLFKlXHUVWHQWPXWLJWDXI 'HU7DJKDWWHVLFKLQ]ZLVFKHQYHUDEVFKLHGHWXQGDOVZLUGLH 0DJLVWUDOHHQWODQJJLQJHQGLHYRQGHQ]ZHL0RQGHQ%DUVRRPV HUKHOOWZXUGHXQGGLH(UGHPLWLKUHPJOlQ]HQGHQJUQHQ$XJH ]XXQVKHUXQWHUEOLFNWHVFKLHQHVDOVEHIlQGHQZLUXQVDOOHLQLP :HOWDOOXQG]XPLQGHVWLFKZDUGDPLWJDQ]]XIULHGHQ 'LH NKOH 0DUVQDFKW JULII QDFK XQV ,FK QDKP PHLQHQ VHLGHQHQ 8PKDQJ DE XQG OHJWH LKQ 'HMDK 7KRULV XP GLH 6FKXOWHUQ$OVPHLQ$UPHLQHQ$XJHQEOLFNDXILKUUXKWHIKOWH LFKHLQHQ6FKDXHUGXUFKMHGH)DVHUPHLQHV.|USHUVODXIHQZLH HVQRFKEHLNHLQHU%HUKUXQJPLWHLQHP6WHUEOLFKHQJHVFKHKHQ ZDUXQGPLUVFKLHQGDVLHVLFKOHLFKWDQPLFKOHKQWH'RFKLFK ZDU PLU QLFKW VLFKHU ,FK ZXWH QXU GD PHLQ$UP OlQJHU DOV Q|WLJDXILKUHU6FKXOWHUODJXQGGDVLHLKQZHGHUDEVFKWWHOWH QRFK HWZDV VDJWH 6R JLQJHQ ZLU VFKZHLJHQG EHU GHQ %RGHQ HLQHU VWHUEHQGHQ:HOW DEHU ]XPLQGHVW EHL HLQHP YRQ XQV ZDU HLQVHKUDOWHVXQGGHQQRFKLPPHUZLHGHUQHXHV*HIKOJHZHFNW ZRUGHQ ,FKOLHEWH'HMDK7KRULV'LH%HUKUXQJLKUHUQDFNWHQ6FKXOWHU KDWWH PLU JH]HLJW ZDV LFK QLFKW PLYHUVWHKHQ NRQQWH XQG LFK ZXWHGDLFKVLHOLHEWHVHLWVLFKXQVHUH%OLFNHDXIGHP3ODW] GHUWRWHQ6WDGW.RUDG]XPHUVWHQ0DOEHJHJQHWZDUHQ
(5%XUURXJKV-RKQ&DUWHUYRP0DUV
5Y^;Q]`VQeV
,P HUVWHQ 0RPHQW ZROOWH LFK LKU HLQH /LHEHVHUNOlUXQJ PDFKHQ GDQQ ¿HO PLU MHGRFK GLH $XVVLFKWVORVLJNHLW LKUHU /DJH HLQ ZREHL DOOHLQ LFK GLH /HLGHQ LKUHU *HIDQJHQVFKDIW PLQGHUQ XQG VLH PLW PHLQHQ EHVFKHLGHQHQ 0LWWHOQ YRU GHQ WDXVHQG(U]IHLQGHQEHVFKW]HQNRQQWHGHQHQVLHQDFKXQVHUHU $QNXQIW LQ 7KDUN JHJHQEHUWUHWHQ PXWH ,FK GXUIWH LKU QLFKW ]XVlW]OLFK.XPPHUXQG6FKPHU]EHUHLWHQLQGHPLFKLKUPHLQH /LHEH HUNOlUWH GLH VLH ZDKUVFKHLQOLFK DXFK QLFKW HUZLGHUWH +DQGHOWHLFKGHUDUWXQEHVRQQHQVRZUGHGDVLKU'DVHLQQRFK XQHUWUlJOLFKHUPDFKHQDOVELVKHU$XHUGHP¿HOPLUHLQGDVLH VLFK LQ LKUHU /DJH DXVJHQXW]W IKOHQ N|QQWH$OVR EOLHE PHLQ 0XQGGDQQHQGJOWLJYHUVFKORVVHQ ª:DUXP ELVW GX VR VWLOO 'HMDK 7KRULV"© IUDJWH LFK ª9LHOOHLFKWP|FKWHVWGXOLHEHU]X6RODXQGLQHXUH8QWHUNXQIW ]XUFNNHKUHQ"© ª1HLQ© PXUPHOWH VLH ª+LHU ELQ LFK JOFNOLFK ,FK ZHL QLFKWZDUXPLFKLPPHUVRJOFNOLFKXQG]XIULHGHQELQZHQQ GX EHL PLU ELVW HLQ )UHPGHU QDPHQV -RKQ &DUWHU 'RFK GDQQ IKOH LFK PLFK VLFKHU XQG LFK KDEH HLQ *HIKO DOV NHKUWH LFK EDOG PLW GLU DQ GHQ +RI PHLQHV 9DWHUV ]XUFN VSUWH VHLQH
(5%XUURXJKV-RKQ&DUWHUYRP0DUV NUlIWLJH8PDUPXQJGLH7UlQHQPHLQHU0XWWHUXQGLKUH.VVH DXIPHLQHU:DQJH© ª.VVHQVLFKGHQQGLH0HQVFKHQDXI%DUVRRP"©IUDJWHLFK DOVVLHPLUGLH%HGHXWXQJGHVPLUELVGDKLQXQEHNDQQWHQ:RUWHV HUNOlUWKDWWH ª(OWHUQ %UGHU XQG 6FKZHVWHUQ MD XQG /LHEHQGH© IJWH VLHOHLVHXQGQDFKGHQNOLFKKLQ]X ª+DVWGX(OWHUQ%UGHUXQG6FKZHVWHUQ'HMDK7KRULV"© ª-D© ª8QGVWHKWMHPDQGGHLQHP+HU]HQQDKH"© 6LHVFKZLHJXQGLFKZDJWHQLFKWGLH)UDJH]XZLHGHUKROHQ ª'HU0DQQYRQ%DUVRRPVWHOOWHLQHU)UDXNHLQHSHUV|QOLFKHQ )UDJHQ QXU VHLQHU 0XWWHU XQG MHQHU )UDX IU GLH HU JHNlPSIW XQGJHVLHJWKDW©HUZLGHUWHVLHVFKOLHOLFK ª$EHULFKKDEHGRFKJHNlPSIW©EHJDQQLFKXQGGDQQKlWWH LFK PLU DP OLHEVWHQ DXI GLH =XQJH JHELVVHQ GHQQ NDXP GD LFKPLFKEHVRQQHQKDWWHXQGYHUVWXPPWHZDQGWHVLHVLFKXP QDKPGDV6HLGHQWXFKDEKLHOWHVPLUVFKZHLJHQGKLQXQGVFKULWW HUKREHQHQ+DXSWHVPLWGHU+DOWXQJGHU.|QLJLQGLHVLHMHGRFK ZDUEHUGHQ3ODW]]XLKUHP+DXV ,FKYHUVXFKWHJDUQLFKWHUVWLKU]XIROJHQZDUWHWHELVLFKVLH VLFKHU DP +DXV DQNRPPHQ VDK VFKLFNWH LKU :RROD KLQWHUKHU PDFKWH HQWPXWLJW NHKUW XQG JLQJ KHLP 6WXQGHQODQJ VD LFK VFKOHFKWJHODXQW LP 6FKQHLGHUVLW] DXI GHP %HWW XQG VDQQ EHU GLHVHOWVDPHQ/DXQHQQDFKPLWGHQHQGDV6FKLFNVDOXQVDUPH 7HXIHOLP/HEHQEHGHQNW
(5%XUURXJKV-RKQ&DUWHUYRP0DUV 6RDOVRVDKGLH/LHEHDXV$OOGLH-DKUHGLHLFKDXIGHQIQI .RQWLQHQWHQXQGGHQ:HOWPHHUHQXPKHU]RJZDUVLHPLUHUVSDUW JHEOLHEHQ REZRKO LFK YLHOH VFK|QH )UDXHQ NHQQHQJHOHUQW XQG VLFK PLU UHLFKOLFK *HOHJHQKHLW GD]X JHERWHQ KDWWH REZRKO LFK LPPHU JHOLHEW ZHUGHQ ZROOWH XQG VWlQGLJ QDFK HLQHP ,GHDO JHVXFKW KDWWH 0LU ZDU HV EHVFKLHGHQ PLFK XQJHVWP XQG KRIIQXQJVORV LQ HLQ :HVHQ DXV HLQHU DQGHUHQ :HOW ]X YHUOLHEHQ HLQ /HEHZHVHQ HLQHU lKQOLFKHQ 5DVVH GLH GHQQRFK DQGHUV ZDU (LQH )UDX GLH DXV HLQHP (L JHVFKOSIW ZDU XQG GHUHQ/HEHQVVSDQQHXQWHU8PVWlQGHQPHKUDOVHLQ-DKUWDXVHQG XPIDWH GHUHQ 9RON VHOWVDPH %UlXFKH XQG $QVLFKWHQ KDWWH HLQH )UDX GHUHQ +RIIQXQJHQ XQG )UHXGHQ GHUHQ 0DVWlEH YRQ 7XJHQG 5HFKW XQG 8QUHFKW XQWHU 8PVWlQGHQ VR VHKU YRQ GHQ PHLQHQ DEZLFKHQ ZLH PHLQH YRQ GHQHQ GHU JUQHQ 0DUVPHQVFKHQ -DLFKZDUW|ULFKWGRFKZDULFKYHUOLHEWXQGREZRKOLFKOLWW ZLHQRFKQLHKlWWHLFKHVXPDOOGHU5HLFKWPHUYRQ%DUVRRP QLFKW DQGHUV KDEHQ ZROOHQ 6R LVW GLH /LHEH XQG VR VLQG GLH /LHEHQGHQZRLPPHUHV/LHEHJLEW )UPLFKYHUN|USHUWH'HMDK7KRULV9ROONRPPHQKHLW7XJHQG 6FK|QKHLW DOOHV (GOH XQG *XWH ,FK JODXEWH HV YRQ JDQ]HP +HU]HQ ZlKUHQG LFK LQ GLHVHU 1DFKW LQ .RUDG PLW JHNUHX]WHQ %HLQHQ DXI PHLQHP VHLGHQHQ /DJHU VD GHU HUVWH 0RQG YRQ %DUVRRP EHU GHQ ZHVWOLFKHQ +LPPHO JHQ +RUL]RQW HLOWH XQG GDEHL GDV *ROG GHQ 0DUPRU XQG GLH (GHOVWHLQPRVDLNV LQ PHLQHP DQWLNHQ *HPDFK DQVWUDKOWH +HXWH GD LFK LQ PHLQHP $UEHLWV]LPPHU DP 6FKUHLEWLVFK VLW]H YRQ ZR LFK DXI GHQ +XGVRQEOLFNHQNDQQNRPPWHVPLUYRUDOVVHLHV*HJHQZDUW
(5%XUURXJKV-RKQ&DUWHUYRP0DUV 'DEHLVLQG]ZDQ]LJ-DKUHVHLWGHPYHUJDQJHQ=HKQGDYRQKDEH LFK IU 'HMDK 7KRULV XQG LKU 9RON JHOHEW XQG JHNlPSIW ]HKQ ZHLWHUHYRQGHU(ULQQHUXQJDQVLHJHOHEW 'HU 7DJ GHV$EPDUVFKHV QDFK 7KDUN EHJDQQ NODU XQG KHL ZLHMHGHU7DJDXIGHP0DUVPLW$XVQDKPHMHQHUVHFKV:RFKHQ ZHQQDQGHQ3ROHQGHU6FKQHHVFKPLO]W ,FKPDFKWH'HMDK7KRULVLQPLWWHQGHUDEIDKUHQGHQ)XKUZHUNH DXV¿QGLJGRFKVLH]HLJWHPLUGLHNDOWH6FKXOWHUXQGLFKNRQQWH VHKHQZLHLKUGDV%OXWLQGLH:DQJHQVWLHJ0LWGHUW|ULFKWHQ 6WDUUN|S¿JNHLW GHV 9HUOLHEWHQ JDE LFK PLFK ]XIULHGHQ ZR LFK PLFK KlWWH GDPLW HQWVFKXOGLJHQ N|QQHQ GD LFK JDU QLFKW ZXWH ZRPLW LFK VLH GHUDUW JHNUlQNW KDWWH XQG ZRIU VLH PLU VFKOLPPVWHQIDOOVQXUKDOEYHUJHEHQKlWWH 0HLQ 3ÀLFKWJHIKO OLH PLFK EHUSUIHQ RE VLH EHTXHP XQWHUJHEUDFKWZDUXQGVREOLFNWHLFKLQLKUH.XWVFKHXQGULFKWHWH LKUH 6HLGHQWFKHU XQG 3HO]H 'DEHL VWHOOWH LFK PLW (QWVHW]HQ IHVWGDVLHPLWHLQHUVFKZHUHQ)XNHWWHDQV)DKU]HXJJHIHVVHOW ZDU ª:DVVROOGDVKHLHQ"©VFKULHLFK6RODDQ ª6DUNRMD KLHOW HV IU GDV %HVWH© HQWJHJQHWH VLH ZREHL LKUH 0LHQHPLU]HLJWHZLHZHQLJVLHGLH0DQDKPHELOOLJWH $OVLFKPLUGLH.HWWHJHQDXHUDQVDKEHPHUNWHLFKGDVLHPLW HLQHPZXFKWLJHQ6FKORYHUVHKHQZDU ª:RLVWGHU6FKOVVHO6ROD"%LWWHJLELKQPLU© ª6DUNRMDKDWLKQ©HQWJHJQHWHVLH
(5%XUURXJKV-RKQ&DUWHUYRP0DUV :RUWORV ZDQGWH LFK PLFK XP VXFKWH 7DUV 7DUNDV DXI XQG PDFKWH LKP 9RUKDOWXQJHQ RE GHU XQQ|WLJHQ 'HPWLJXQJHQ XQG *UDXVDPNHLWHQ JHJHQEHU 'HMDK 7KRULV ZLH VLH HLQHP /LHEHQGHQMDYRUNRPPHQPXWHQ ª-RKQ &DUWHU VROOWHVWGX XQG 'HMDK7KRULV EHUKDXSWMH GLH )OXFKWYRQGHQ7KDUNZDJHQGDQQDXIGLHVHU5HLVH:LUZLVVHQ GD GX RKQH VLH QLFKW JHKHQ ZLUVW 'X KDVW GLFK DOV WFKWLJHU .ULHJVPDQQ HUZLHVHQ XQG ZLU P|FKWHQ GLFK QLFKW DQNHWWHQ $OVRKDOWHQZLUHXFKEHLGHDXIGLHHLQIDFKVWHXQGJOHLFK]HLWLJ ]XYHUOlVVLJVWH :HLVH IHVW GLH HV JLEW ,FK KDEH JHVSURFKHQ© HQWJHJQHWHHU ,FKHUNDQQWHDXJHQEOLFNOLFKGLH/RJLNGLHVHU6FKOXIROJHUXQJ XQG ZXWH GD HV VLQQORV ZDU LKQ YRQ VHLQHU (QWVFKHLGXQJ DEEULQJHQ]XZROOHQ'HQQRFKEDWLFKLKQ6DUNRMDGHQ6FKOVVHO ZHJ]XQHKPHQXQGLKU]XEHIHKOHQGLH*HIDQJHQHLQ=XNXQIWLQ 5XKH]XODVVHQ ª6R YLHO NDQQVW GX IU PLFK VFKRQ DOV *HJHQOHLVWXQJ IU GLH )UHXQGVFKDIW WXQ GLH LFK GLU ]XJHJHEHQHUPDHQ HQWJHJHQEULQJH© ª)UHXQGVFKDIW"©HQWJHJQHWHHUª6RHWZDVJLEWHVQLFKW-RKQ &DUWHU$EHUGXVROOVWGHLQHQ:LOOHQKDEHQ,FKZHUGH6DUNRMD EHIHKOHQGDV0lGFKHQQLFKWPHKU]XEHOlVWLJHQXQGQHKPHGHQ 6FKOVVHOVHOEVWLQ*HZDKUVDP© ª)DOOV GX QLFKW PLU GLH 9HUDQWZRUWXQJ EHUWUDJHQ ZLOOVW© HUZLGHUWHLFKOlFKHOQG (U EOLFNWH PLFK ODQJH =HLW HUQVW DQ XQG HUZLGHUWH GDQQ ª:HQQGXPLUGHLQ:RUWJLEVWGDZHGHUGXQRFKGDV0lGFKHQ
(5%XUURXJKV-RKQ&DUWHUYRP0DUV ]X ÀLHKHQ YHUVXFKW ELV ZLU VLFKHU DP +RI YRQ 7DO +DMXV DQJHNRPPHQ VLQG NDQQVW GX GHQ 6FKOVVHO KDEHQ XQG GLH .HWWHQGHP)OX,VVEHUJHEHQ© ª'DQQLVWHVEHVVHUGXEHKlOWVWGHQ6FKOVVHO7DUV7DUNDV© HQWJHJQHWHLFK (UOlFKHOWHXQGVDJWHQLFKWVPHKUDEHUDOVZLUGDV1DFKWODJHU DXIJHVFKODJHQKDWWHQEHREDFKWHWHLFKLKQZLHHU'HMDK7KRULV .HWWHQHLJHQKlQGLJO|VWH 7URW] VHLQHU *UDXVDPNHLW XQG .lOWH KDWWH PDQ EHL LKP GDV *HIKOGDHUVLFKVWlQGLJLP:LGHUVWUHLWPLWVLFKEHIDQG:DUHV P|JOLFKGDLUJHQGHLQHUVHLQHU$KQHQLKPHLQHQPHQVFKOLFKHQ ,QVWLQNWYHUHUEWKDWWHGHULKPQXQGLH6LWWHQXQG*HEUlXFKHGHV HLJHQHQ9RONHVZLGHUZlUWLJHUVFKHLQHQOLH" $OV LFK PLFK 'HMDK 7KRULV .XWVFKH QlKHUWH NDP LFK DQ 6DUNRMD YRUEHL XQG GHU ¿QVWHUH %OLFN GHQ VLH PLU ]XZDUI ZLUNWHVHLWYLHOHQ6WXQGHQDXIPLFKZLHGHUHLQPDOZLH%DOVDP *URHU *RWW ZLH VHKU VLH PLFK YHUDFKWHWH ,KU +D ZDU VR JUHLIEDUPDQKlWWHLKQPLWHLQHP6FKZHUW]HUWHLOHQN|QQHQ (LQLJH $XJHQEOLFNH VSlWHU VDK LFK VLH LQV *HVSUlFK PLW HLQHP .ULHJHU QDPHQV =DG YHUWLHIW HLQHP JURHQ PDVVLJHQ XQG VWDUNHQ 8QKROG GHU LQGHV QRFK QLH HLQHQ GHU $QIKUHU JHVFKODJHQ KDWWH XQG GHP]XIROJH QRFK LPPHU HLQ R PDG ZDU HLQ 0DQQ PLW QXU HLQHP 1DPHQ (U NRQQWH VLFK QXU PLW GHP 0HWDOOHLQHV$QIKUHUVHLQHQ=ZHLWQDPHQYHUGLHQHQ'HUVHOEH %UDXFKEHUHFKWLJWHPLFKGHQ1DPHQHLQHVGHUEHLGHQ$QIKUHU ]X WUDJHQ GLH LFK JHW|WHW KDWWH ZREHL PLFK HLQLJH PLW 'RWDU 6RMDWDQVSUDFKHQHLQHU.RPELQDWLRQGHU9RUQDPHQMHQHUEHLGHQ
(5%XUURXJKV-RKQ&DUWHUYRP0DUV .ULHJHUGHUHQ0HWDOOLFKJHQRPPHQRGHUGLHLFKPLWDQGHUHQ :RUWHQLQIDLUHP.DPSIEHVLHJWKDWWH $OV6DUNRMDPLW=DGUHGHWHEOLFNWHHUJHOHJHQWOLFK]XPLUKLQ ZlKUHQGVLHLKQRIIHQVLFKWOLFKEHGUlQJWHHWZDV%HVWLPPWHV]X XQWHUQHKPHQ'DPDOVVFKHQNWHLFKDOOHGHPNDXP%HDFKWXQJ GRFK DP QlFKVWHQ7DJ KDWWH LFK JXWHQ *UXQG PLFK GHVVHQ ]X HQWVLQQHQ XQG PLU GDUEHU NODU ]X ZHUGHQ ZHOFKH $XVPDH 6DUNRMDV +D DQQHKPHQ NRQQWH XQG ]X ZHOFKHQ 'LQJHQ LKUH VFKUHFNOLFKHQ5DFKHJHOVWHVLHWUHLEHQNRQQWHQ 'HMDK7KRULVZROOWHPLFKDQGLHVHP$EHQGQLFKWPHKUVHKHQ $OVLFKVLHDQUHGHWHVFKZLHJVLHXQGYHU]RJNHLQH0LHQHVRGD LFK QLFKW ZXWH RE VLH PLFK EHUKDXSW ZDKUQDKP ,Q PHLQHU 1RW WDW LFK ZDV GLH PHLVWHQ DQGHUHQ /LHEHQGHQ JHWDQ KlWWHQ ,FKYHUVXFKWHGXUFKHLQH9HUWUDXWHPHKU]XHUIDKUHQ,QGLHVHP )DOOH ZDU HV 6ROD GLH LFK LQ HLQHP DQGHUHQ 7HLO GHV /DJHUV DXIVW|EHUWH ª:DVLVWPLW'HMDK7KRULV":DUXPP|FKWHVLHQLFKWPLWPLU UHGHQ"©SODW]WHLFKKHUDXV 6RMD VFKLHQ VHOEVW HWZDV GXUFKHLQDQGHU ]X VHLQ GHQQ VROFK PHUNZUGLJHV *HEDUHQ VHLWHQV ]ZHLHU 0HQVFKHQ ZDU LKU RIIHQEDUHLQIDFK]XYLHO ª6LHEHKDXSWHWGXKDEHVWVLHYHUlUJHUW0HKUP|FKWHVLHQLFKW VDJHQDXHUGDVLHGLH7RFKWHUHLQHV-HGXQGGLH(QNHOLQHLQHV -HGGDNV LVW XQG YRQ HLQHU .UHDWXU EHOHLGLJW ZXUGH GLH QLFKW HLQPDOGLH=lKQHGHV6RUDNVLKUHU*URPXWWHUSXW]HQN|QQWH© ,FKGDFKWHHLQH:HLOHEHUGLHVHbXHUXQJQDFKXQGIUDJWH VFKOLHOLFKª:DVLVWGHQQHLQ6RUDN6ROD"©
(5%XUURXJKV-RKQ&DUWHUYRP0DUV ª(LQNOHLQHV7LHUYRQGHU*U|HPHLQHU+DQGZDVVLFKGLH URWHQ 0DUVIUDXHQ KDOWHQ XP GDPLW ]X VSLHOHQ© HUNOlUWH 6ROD $XHUVWDQGHGLH=lKQHGHU.DW]HLKUHU*URPXWWHU]XSXW]HQ 'HMDK 7KRULV PX ]LHPOLFK ZHQLJ YRQ GLU KDOWHQ GDFKWH LFK 'HQQRFK EUDFKWH PLFK GLH VHOWVDPH 5HGHQVDUW ]XP /DFKHQ VLHNODQJVRYHUWUDXWDOVVWDPPHVLHYRQGHU(UGH,FKEHNDP +HLPZHK GHQQ VLH NODQJ IDVW ZLH ª«LFK ZUGH LKP QLFKW HLQPDOLKUH6FKXKHSXW]HQODVVHQ©1XQNDPHQPLUY|OOLJQHXH *HGDQNHQ ,FK IUDJWH PLFK ZDV PHLQH /HXWH ]X +DXVH ZRKO JHUDGH WDWHQ 6HLW -DKUHQ KDWWH LFK VLH QLFKW PHKU JHVHKHQ (V JDE HLQH )DPLOLH &DUWHU LQ 9LUJLQLD HQJH 9HUZDQGWH LFK ZDU ZRKO GHU *URRQNHO RGHU HWZDV lKQOLFK $OEHUQHV hEHUDOO KLHOWPDQPLFKIUIQIXQG]ZDQ]LJRGHUGUHLLJ-DKUHXQGHV HUVFKLHQ PLU Y|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lKQH GHU .DW]H LKUHU*URPXWWHUSXW]HQODVVHQZUGH'DQQUHWWHWHPLFK]XP
(5%XUURXJKV-RKQ&DUWHUYRP0DUV *OFN PHLQ 6LQQ IU +XPRU /DFKHQG ZDQGWH LFK PLFK DXI PHLQHP /DJHU DXV 6HLGHQWFKHUQ XQG )HOOHQ XP XQG VFKOLHI DXIGHPPRQGEHVFKLHQHQHQ%RGHQGHQ6FKODIGHVPGHQXQG JHVXQGHQ.lPSIHUV $P QlFKVWHQ 7DJ EUDFKHQ ZLU GDV /DJHU IUK]HLWLJ DE XQG PDUVFKLHUWHQ PLW QXU HLQHP HLQ]LJHQ +DOW ELV NXU] YRU (LQEUXFKGHU'XQNHOKHLW=ZHL(UHLJQLVVHXQWHUEUDFKHQXQVHUHQ HLQW|QLJHQ0DUVFK*HJHQ0LWWDJHUVSlKWHQZLUZHLW]XXQVHUHU 5HFKWHQHWZDVlKQOLFKHVZLHHLQHQ,QNXEDWRUZRUDXI/RUTXDV 3WRPHO 7DUV 7DUNDV DXVVDQGWH XP LKQ ]X HUIRUVFKHQ 'LHVHU ZlKOWHZLHGHUXPHLQ'XW]HQG.ULHJHUGDUXQWHUDXFKPLFKDXV XQGZLUVWUPWHQEHUGHQVDPWLJHQ0RRVWHSSLFKDXIGLHNOHLQH (LQJUHQ]XQJ]X (VZDUWDWVlFKOLFKHLQH%UXWVWDWLRQGRFKZDUHQGLH(LHULP 9HUJOHLFKPLWGHQHQGLHLFKEHLPHLQHU$QNXQIWEHLP$XVEUWHQ EHREDFKWHWKDWWHVHKUNOHLQ 7DUV 7DUNDV VD DE XQWHUVXFKWH HLQJHKHQG GLH (LQJUHQ]XQJ XQG YHUNQGHWH VFKOLHOLFK GLH 6WDWLRQ JHK|UH GHQ JUQHQ 0HQVFKHQ YRQ :DUKRRQ GHU =HPHQW DQ GHU $XHQPDXHU VHL QRFKQLFKWJHWURFNQHW ª6LH PVVHQ NDXP HLQHQ 7DJHVPDUVFK YRU XQV VHLQ© ULHI HU DXV XQG .DPSIHVIUHXGH PDOWH VLFK DXI VHLQ JULPPLJHV *HVLFKW 8QVHU$XIHQWKDOWEHLGHU%UXWVWDWLRQZDUYRQNXU]HU'DXHU 'LH.ULHJHUULVVHQGHQ(LQJDQJDXIHLQLJHNURFKHQKLQHLQXQG KDWWHQ PLW GHQ NXU]HQ 6FKZHUWHUQ EDOG DOOH (LHU ]HUVW|UW :LU VDHQ ZLHGHU DXI XQG JHVHOOWHQ XQV ]XU .DUDZDQH 8QWHUZHJV
(5%XUURXJKV-RKQ&DUWHUYRP0DUV HUJULII LFK GLH *HOHJHQKHLW EHLP 6FK|SIH XQG IUDJWH 7DUV 7DUNDV RE GLHVH :DUKRRQ GHUHQ (LHU ZLU ]HUVW|UW KDWWHQ HLQ NOHLQZFKVLJHUHV9RONVHLHQDOVGLH7KDUN ª,FKKDEHEHPHUNWGDLKUH(LHUYLHONOHLQHUZDUHQDOVMHQH GLHLFKLQHXUHU%UXWVWDWLRQEHLP6FKOSIHQEHREDFKWHWKDEH© IJWHLFKKLQ]X (U HUNOlUWH PLU GD GLH (LHU JHUDGH DEJHOHJW ZRUGHQ VHLHQ ZLH DOOH (LHU GHU JUQHQ 0DUVPHQVFKHQ DEHU LP /DXIH GHU IQIMlKULJHQ%UXW]HLWQRFKZDFKVHQZUGHQELVVLHGLH*U|H MHQHU(LHUHUUHLFKWKDWWHQZLHLFKVLHDP7DJHPHLQHU$QNXQIW DXI%DUVRRPJHVHKHQKDWWH'DVZDUZLUNOLFKLQWHUHVVDQWGHQQ HV KDWWH PLFK YHUEOIIW GD GLH JUQHQ 0DUVIUDXHQ ZLH JUR VLHDXFKZDUHQVROFKHULHVLJHQ(LHUKHUYRUEUDFKWHQDXVGHQHQ LFKGLHYLHUILJHQ.LQGHUKDWWH]XP9RUVFKHLQNRPPHQVHKHQ ,Q:LUNOLFKNHLWLVWGDVQHXJHOHJWH(LQXUZHQLJJU|HUDOVHLQ JHZ|KQOLFKHV*lQVHHLXQGGDHVHUVW]XZDFKVHQEHJLQQWZHQQ PDQ HV GHP 6RQQHQOLFKW DXVVHW]W LVW HV IU GLH %HIHKOVKDEHU QLFKW VHKU VFKZHU PLW HLQHP 5LWW HLQLJH +XQGHUW YRQ LKQHQ DXVGHQ*HZ|OEHQLQGHQHQVLHODJHUQ]XGHQ%UXWVWDWLRQHQ]X WUDQVSRUWLHUHQ .XU]QDFKGHP=ZLVFKHQIDOOPLWGHQ:DUKRRQ(LHUQPDFKWHQ ZLUKDOWGDPLWVLFKGLH7LHUHDXVUXKHQNRQQWHQ'DEHLNDPHV ]XGHP]ZHLWHQLQWHUHVVDQWHQ9RUNRPPQLVGHV7DJHV,FKZDU JHUDGH GDEHL GLH 5HLWXWHQVLOLHQ YRQ HLQHP PHLQHU 7KRDWV DXI GDV]ZHLWH]XSDFNHQGDLFKGLH6WUHFNHLPPHU]ZLVFKHQLKQHQ DXIWHLOWH DOV =DG KHUDQNDP XQG PHLQHP7LHU PLW GHP ODQJHQ 6FKZHUWZRUWORVHLQHQVFKUHFNOLFKHQ6FKODJYHUVHW]WH
(5%XUURXJKV-RKQ&DUWHUYRP0DUV ,FK EHQ|WLJH NHLQHQ /HLWIDGHQ ]X GHU DXI GHP 0DUV EOLFKHQ (WLNHWWH XP ]X ZLVVHQ ZLH LFK GDUDXI ]X UHDJLHUHQ KDWWH (LJHQWOLFK ZDU LFK VR ZWHQG GD LFK PLFK NDXP ]XUFNKDOWHQNRQQWHPHLQH3LVWROH]X]LHKHQXQGGHQ*URELDQ QLHGHU]XVFKLHHQGRFKHUZDUWHWHPLWJH]RJHQHP6FKZHUWXQG LFK KDWWH QXU GLH HLQ]LJH 0|JOLFKNHLW PHLQ HLJHQHV ]X ]LHKHQ XQGLKPHLQHQIDLUHQ.DPSI]XOLHIHUQXQG]ZDUPLWGHUYRQ LKPJHZlKOWHQRGHUHLQHUNOHLQHUHQ:DIIH /HW]WHUHVLVWLPPHUHUODXEWGHVZHJHQKlWWHLFKMHQDFK/XVW XQG /DXQH GDV .XU]VFKZHUW GHQ 'ROFK GDV .ULHJVEHLO RGHU GLH)lXVWHZlKOHQN|QQHQXQGGHP5HFKWY|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lQGHUWH HU VHLQH 7DNWLN NlPSIWH YRUVLFKWLJ XQG lXHUVW JHVFKLFNWXQGYHUVXFKWHPLW9HUVWDQG]XHUUHLFKHQZDVHUPLW
(5%XUURXJKV-RKQ&DUWHUYRP0DUV EUXWDOHU.UDIWQLFKWKDWWHDXVULFKWHQN|QQHQ,FKPX]XJHEHQ GDHUHLQDXVJH]HLFKQHWHU6FKZHUWNlPSIHUZDUXQGKlWWHLFK QLFKW JU|HUH $XVGDXHU EHVHVVHQ XQG GLH DXHUJHZ|KQOLFKH %HZHJOLFKNHLWZLHVLHPLUGHU0DUVYHUOLHKKlWWHLFKLKPQLFKW HLQHQGHUDUWZUGLJHQ.DPSIOLHIHUQN|QQHQ (LQH =HLWODQJ XPNUHLVWHQ ZLU XQV RKQH HLQDQGHU 6FKDGHQ ]X]XIJHQ'LHODQJHQVSLW]HQ6FKZHUWHUJOHLWHQLP6RQQHQOLFKW XQGGXUFKEUDFKHQGLH6WLOOHEHLP$XIHLQDQGHUWUHIIHQPLWHLQHP PHWDOOLVFKHQ.ODQJ$OV=DGEHPHUNWHGDHUVFKQHOOHUHUPGHWH DOVLFKEHVFKORHUGHQ.DPSIGXUFKHLQHQOHW]WHQUXKPYROOHQ 6FKODJ IU VLFK ]X EHHQGHQ XQG DOV HU DXI PLFK ]XVWUPWH EOHQGHWHPLFKHWZDVVRGDLFKVHLQ1lKHUNRPPHQQLFKWVHKHQ XQGQXUEOLQGOLQJV]X6HLWHVSULQJHQNRQQWHXPGHUPlFKWLJHQ .OLQJH]XHQWJHKHQGLHLFKVFKRQLQPLUVSUWH,FKKDWWHQXU ]XP 7HLO (UIROJ ZLH PLU HLQ VFKDUIHU 6FKPHU] LQ GHU OLQNHQ 6FKXOWHU ]HLJWH DEHU DOV PHLQ %OLFN VXFKHQG XPKHUVFKZHLIWH XPPHLQHQ*HJQHUHUQHXWDXV¿QGLJ]XPDFKHQERWVLFKPHLQHQ $XJHQHLQH6]HQHGLHPLFKIUGLH:XQGHHQWVFKlGLJWHGLHLFK GHU ]HLWZHLOLJHQ %OHQGXQJ ]X YHUGDQNHQ KDWWH 'UHL *HVWDOWHQ ZDUHQDXI'HMDK7KRULV .XWVFKHJHNOHWWHUWXPGHQ.DPSIEHU GLH .|SIH GHU 7KDUN KLQZHJ PLW]XYHUIROJHQ (V ZDUHQ 'HMDK 7KRULV6RODXQG6DUNRMDXQGZDVLFKQXQVDKJUXEVLFKWLHILQ PHLQ*HGlFKWQLVHLQVRGDLFKHVPHLQ/HEWDJQLFKWYHUJHVVHQ VROOWH *HQDX LQ GHP 0RPHQW ¿HO 'HMDK 7KRULV ZWHQG ZLH HLQH MXQJH7LJHULQEHU6DUNRMDKHUXQGVFKOXJLKUHLQHQ*HJHQVWDQG DXV GHU HUKREHQHQ +DQG GHU LP 6RQQHQOLFKW DXIEOLW]WH DOV HU DXI GHP %RGHQ DXIVFKOXJ 1XQ YHUVWDQG LFK ZDV PLFK LQ
(5%XUURXJKV-RKQ&DUWHUYRP0DUV GLHVHPHQWVFKHLGHQGHQ0RPHQWGHV.DPSIHVJHEOHQGHWKDWWH XQGZHOFKHQ:HJ6DUNRMDJHIXQGHQKDWWHPLFK]XW|WHQRKQH VHOEVW+DQGDQ]XOHJHQ'DQQHUOHEWHLFKQRFKHWZDVZDVPLFK IDVW GDV /HEHQ NRVWHWH GHQQ HV QDKP IU GHQ %UXFKWHLO HLQHV $XJHQEOLFNV PHLQH JHVDPWH $XIPHUNVDPNHLW LQ $QVSUXFK $OV 'HMDK7KRULV 6DUNRMD GHQ ZLQ]LJHQ 6SLHJHO DXV GHU +DQG VWLH ]RJ 6DUNRMD PLW KDHUIOOWHP *HVLFKW ZXWHQWEUDQQW GHQ 'ROFKXP'HMDK7KRULVHLQHQW|GOLFKHQ6WR]XYHUVHW]HQ,Q GLHVHP 0RPHQW ZDUI VLFK 6ROD XQVHUH OLHEH XQG WUHXH 6ROD GD]ZLVFKHQXQGLFKVDKDOVOHW]WHVGDVJURH0HVVHUEHULKUHU %UXVWQLHGHUJHKHQ ,Q]ZLVFKHQKDWWHVLFKPHLQ)HLQGYRQGHP+LHEHUKROWXQG IRUGHUWH HUQHXW PHLQH JDQ]H .RQ]HQWUDWLRQ VR GD LFK PLFK ZLGHUZLOOLJ PHLQHU XQPLWWHOEDUHQ *HJHQZDUW ZLGPHQ PXWH REZRKOLFKQLFKWEHLGHU6DFKHZDU :WHQG GUDQJHQ ZLU LPPHU ZLHGHU DXIHLQDQGHU HLQ ELV LFK SO|W]OLFKGLHVFKDUIH6SLW]HVHLQHV6FKZHUWHVDXIPHLQHU%UXVW VSUWH,FKKDWWHGHQ6FKODJZHGHUSDULHUHQQRFKLKPDXVZHLFKHQ N|QQHQVRGDLFKPLFKPLWDXVJHVWUHFNWHP6FKZHUWXQGGHP JDQ]HQ *HZLFKW DXI LKQ ZDUI IHVW HQWVFKORVVHQ ZHQLJVWHQV QLFKW DOOHLQ ]X VWHUEHQ ,FK IKOWH GHQ 6WDKO LQ PHLQH %UXVW GULQJHQPLUZXUGHVFKZDU]YRU$XJHQLQPHLQHP.RSIGUHKWH VLFKDOOHVXQGLFKVSUWHZLHGLH.QLHXQWHUPLUQDFKJDEHQ
(5%XUURXJKV-RKQ&DUWHUYRP0DUV
C_\Qc7UcSXYSXdU
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lKUOLFKH )OHLVFKZXQGHKLQWHUODVVHQKDWWH ,FK]RJHVKHUDXVKROWHPHLQH:DIIHZDQGWHGHPKlOLFKHQ .DGDYHU GHQ 5FNHQ ]X XQG VFKOHSSWH PLFK XQWHU 6FKPHU]HQ XQGYROOHU:LGHUZLOOHQ]XPHLQHP*HIROJH'DVDQHUNHQQHQGH 5DXQHQ GHU 0DUVPHQVFKHQ EHJUWH PLFK MHGRFK JLQJ HV DQ PLUYRUEHL %OXWHQGXQGJHVFKZlFKWHUUHLFKWHLFKPHLQH)UDXHQGLHDQ GHUDUWLJH9RUIlOOHJHZ|KQWGLH:XQGHQYHUEDQGHQXQGPLWGHQ ZXQGHUEDUHQ XQG ZLUNXQJVYROOHQ +HLOPLWWHOQ YHUVRUJWHQ GLH OHGLJOLFKJHJHQXQPLWWHOEDUW|GOLFKH9HUOHW]XQJHQQLFKWVPHKU DXV]XULFKWHQ YHUPRFKWHQ 0DQ ODVVH HLQH 0DUVIUDX JHZlKUHQ
(5%XUURXJKV-RKQ&DUWHUYRP0DUV XQG GHU 7RG PX VLFK QRFK HWZDV JHGXOGHQ %DOG KDWWHQ VLH PLFKZLHGHU]XVDPPHQJHÀLFNWVRGDLFKDEJHVHKHQYRQGHU PLWGHP%OXWYHUOXVW]XVDPPHQKlQJHQGHQ6FKZlFKHXQGHLQHU NOHLQHQ (QW]QGXQJ DP 5DQG GHU :XQGH QLFKW ZHLWHU XQWHU GLHVHP6WLFK]XOHLGHQKDWWHGHUPLFKDXIGHU(UGHXQZHLJHUOLFK IUHLQLJH7DJHDXIV.UDQNHQODJHUJHVFKLFNWKlWWH 6REDOG VLH PLW PLU IHUWLJ ZDUHQ HLOWH LFK ]XU .XWVFKH YRQ 'HMDK7KRULVZRLFKPHLQHDUPH6RODYRUIDQGGHQ%UXVWNRUE PLW 9HUElQGHQ GLFN XPZLFNHOW 'RFK RIIHQEDU ZDU VLH QLFKW DOO]XVFKZHUYHUZXQGHWGD6DUNRMDV'ROFKGHQ5DQGYRQ6RODV PHWDOOHQHQ %UXVWRUQDPHQWHQ JHWURIIHQ KDWWH VR GD HU GHUDUW DEJHOHQNWQXU]XHLQHUOHLFKWHQ.UDW]ZXQGHJHIKUWKDWWH %HLP1lKHUWUHWHQIDQGLFK'HMDK7KRULVPLWGHP*HVLFKWQDFK XQWHQDXILKUHQ6HLGHQWFKHUQXQG3HO]HQOLHJHQ,KU]LHUOLFKHU .|USHU ZXUGH YRQ 6FKOXFK]HQ JHVFKWWHOW 6LH EHPHUNWH PLFK QLFKW DXFK K|UWH VLH QLFKW ZLH LFK PLW 6ROD YRU GHU .XWVFKH UHGHWH ª,VW VLH YHUOHW]W"© IUDJWH LFK 6ROD PLW HLQHU .RSIEHZHJXQJ DXI'HMDK7KRULVZHLVHQG ª1HLQVLHGHQNWGXELVWWRW©HQWJHJQHWHVLH ª8QG JODXEW GD QXQ QLHPDQG PHKU GD LVW GHU GHU .DW]H LKUHU*URPXWWHUGLH=lKQHSXW]HQNDQQ"©HUNXQGLJWHLFKPLFK OlFKHOQG ª,FK JODXEH GX WXVW LKU 8QUHFKW -RKQ &DUWHU© HUZLGHUWH 6ROD ª,FK YHUVWHKH ZHGHU GHLQ QRFK LKU 9HUKDOWHQ GRFK LFK ELQEHU]HXJWGLH(QNHOLQGHU]HKQWDXVHQG-HGGDNVZUGHVLFK QLHPDOVEHUGHQ7RGHLQHV0HQVFKHQGHUDUWJUlPHQYRQGHP
(5%XUURXJKV-RKQ&DUWHUYRP0DUV VLH QLFKWV KlOW RGHU EHUKDXSW EHU QLHPDQGHQ GHP VLH QLFKW lXHUVW]XJHQHLJWZlUH6LHVLQGHLQVWRO]HV9RONDEHUVLHVLQG JHUHFKWZLHDOOH%DUVRRPLHUXQGGXPXWVLHYHUOHW]WRGHULKU HUQVWKDIWXQUHFKWJHWDQKDEHQVRGDVLHGLFKQLFKWZDKUQLPPW XQGGLFKDOVWRWEHZHLQWREJOHLFKGXDP/HEHQELVW© ª7UlQHQVLQGDXI%DUVRRPVHKUVHOWHQ©IXKUVLHIRUWª'DKHU IlOOW HV PLU VHKU VFKZHU VLH ]X HUNOlUHQ ,FK KDEH LQ PHLQHP JDQ]HQ /HEHQ DXHU 'HMDK 7KRULV QXU ]ZHL /HXWH ZHLQHQ VHKHQ GHQ HLQHQ DXV .XPPHU GHQ DQGHUHQ YRU XQWHUGUFNWHU :XW'DVHUVWH0DOZDUHVPHLQH0XWWHUEHYRUVLHYRU-DKUHQ JHW|WHWZXUGHGDVDQGHUH0DO6DUNRMDDOVPDQVLHKHXWHYRQ PLUZHJ]RJ© ª'HLQH0XWWHU"©ULHILFKDXVª6RODGXNDQQVWGHLQH0XWWHU GRFKJDUQLFKWNHQQHQGX.LQG© ª'RFK 8QG DXFK PHLQHQ 9DWHU© IJWH VLH KLQ]X ª:HQQ GX GLH VHOWVDPH XQG LQ %DUVRRP HLQPDOLJH *HVFKLFKWH K|UHQ ZLOOVW NRPP KHXWH DEHQG ]X PHLQHP :DJHQ -RKQ &DUWHU XQGLFKHU]lKOHGLUHWZDVZRUEHULFKLQPHLQHP/HEHQQRFK QLH JHVSURFKHQ KDEH -HW]W PXW GX JHKHQ GDV 6LJQDO ]XP $EPDUVFKZXUGHJHJHEHQ© ª,FK NRPPH 6ROD© YHUVSUDFK LFK ª9HUJL QLFKW 'HMDK 7KRULV]XHU]lKOHQGDLFKDP/HEHQELQXQGHVPLUJXWJHKW ,FK ZHUGH PLFK LKU QLFKW DXIGUlQJHQ XQG OD VLH ELWWH DXFK QLFKWHUIDKUHQGDLFKVLHKDEHZHLQHQVHKHQ:HQQVLHPLWPLU VSUHFKHQP|FKWHZDUWHLFKQXUDXILKUHQ%HIHKO© 6ROD VHW]WH VLFK LQ LKU )DKU]HXJ GDV VLFK DQ GHU ULFKWLJHQ 6WHOOHHLQUHLKWHZlKUHQGLFK]XPHLQHPZDUWHQGHQ7KRDWHLOWH
(5%XUURXJKV-RKQ&DUWHUYRP0DUV XQG ]X PHLQHP 3ODW] QHEHQ 7DUV 7DUNDV DP (QGH GHV =XJHV JDORSSLHUWH (V PXWH HLQ K|FKVW EHHLQGUXFNHQGHU XQG ZLUNXQJVYROOHU $QEOLFN VHLQ ZLH XQVHUH .RORQQH VLFK ZHLW EHU GLH JHOEH /DQGVFKDIW KLQ]RJ GLH ]ZHLKXQGHUWIQI]LJ YHU]LHUWHQ XQG LQ OHXFKWHQGHQ )DUEHQ EHPDOWHQ )DKU]HXJH DQJHIKUW YRQ HWZD ]ZHLKXQGHUWEHULWWHQHQ.ULHJHUQXQG%HIHKOVKDEHUQGLHMHZHLOV LP $EVWDQG YRQ HLQKXQGHUW
(5%XUURXJKV-RKQ&DUWHUYRP0DUV :LU TXHUWHQ HLQH XQEHUKUWH PRRVEHZDFKVHQH (LQ|GH 'LH 3ÀDQ]HQ JDEHQ GHP 'UXFN GHU EUHLWHQ 5lGHU RGHU GHU GLFNHQ 3UDQNHQQDFKXQGULFKWHWHQVLFKKLQWHUXQVZLHGHUDXIVRGD ZLUQLFKWGLHJHULQJVWH6SXUKLQWHUOLHHQ,QGHU7DWKlWWHQZLU *HLVWHU MHQHU LP WRWHQ 0HHU GLHVHV VWHUEHQGHQ 3ODQHWHQ OlQJVW 'DKLQJHJDQJHQHQVHLQN|QQHQVROFKH7RWHQVWLOOHKHUUVFKWHYRU =XP HUVWHQ 0DO HUOHEWH LFK GD HLQ GHUDUW ULHVLJHU =XJ YRQ 0HQVFKHQXQG7LHUHQNHLQHUOHL6SXUHQRGHU9HUVFKPXW]XQJHQ ]XUFNOLH $XI GHP 0DUV JLEW HV NHLQHQ 6FKPXW] DXHU ZlKUHQG GHU:LQWHUPRQDWH LQ GHQ NXOWLYLHUWHQ *HJHQGHQ XQG VRJDU GLHVHQ EHPHUNW PDQ NDXP GD NHLQ EHOHEHQGHU :LQG ZHKW ,Q GLHVHU 1DFKW VFKOXJHQ ZLU HLQ /DJHU DP )X GHU %HUJH DXIGLHZLUVHLW]ZHL7DJHQDQVWHXHUWHQ6LHEHIDQGHQVLFKDP VGOLFKHQ 8IHU GHV IUKHUHQ 0HHUHV 8QVHUH 7LHUH KDWWHQ VHLW ]ZHL7DJHQQLFKWVJHWUXQNHQVHLWIDVW]ZHL0RQDWHQEHUKDXSW NHLQ:DVVHUEHNRPPHQ]XOHW]WNXU]QDFKGHU$EUHLVHDXV7KDUN GRFK7DUV7DUNDVHUNOlUWHPLUGDVLHQXUZHQLJEHQ|WLJWHQXQG VLFKIDVWXQEHJUHQ]WH=HLWYRQGHP0RRVHUKDOWHQN|QQWHQGDV JDQ]%DUVRRPEHU]LHKWXQGLQVHLQHQZLQ]LJHQ=HOOHQJHQJHQG )OVVLJNHLW VSHLFKHUW XP GHQ EHVFKHLGHQHQ )OVVLJNHLWVEHGDUI GHU7LHUH]XGHFNHQ 1DFKGHP LFK PHLQH $EHQGPDKO]HLW DXV MHQHU NlVHDUWLJHQ 6XEVWDQ]XQGGHU3ÀDQ]HQPLOFK]XPLUJHQRPPHQKDWWHVXFKWH LFK6RODDXIGLHEHLP6FKHLQHLQHU)DFNHOJHUDGHDQHLQHPYRQ 7DUV7DUNDV8PKlQJHQDUEHLWHWH%HLPHLQHP1lKHUWUHWHQKRE VLHGHQ.RSIXQGLKU*HVLFKWKHOOWHVLFKYRU:LOONRPPHQVIUHXGH DXI
(5%XUURXJKV-RKQ&DUWHUYRP0DUV ª,FK ELQ IURK GD GX JHNRPPHQ ELVW© VDJWH VLH ª'HMDK 7KRULVVFKOlIWXQGLFKIKOHPLFKHLQVDP0HLQHHLJHQHQ/HXWH NPPHUQVLFKQLFKWXPPLFK-RKQ&DUWHULFKXQWHUVFKHLGHPLFK ]XVHKUYRQLKQHQ(VLVWHLQWUDXULJHV'DVHLQGDLFKPHLQ/HEHQ XQWHULKQHQIULVWHQPXXQGLFKZQVFKHPLURIWLFKZlUHHLQH HFKWHJUQH0DUVIUDXRKQH*HIKOXQG*ODXEHQ'RFKKDEHLFK GLH/LHEHNHQQHQJHOHUQWXQGVRELQLFKYHUORUHQ ,FK KDEH YHUVSURFKHQ GLU PHLQH *HVFKLFKWH ]X HU]lKOHQ RGHUEHVVHUGLHPHLQHU(OWHUQ1DFKGHPZDVLFKEHUGLFKXQG GLH6LWWHQGHLQHV9RONHVHUIDKUHQKDEHELQLFKEHU]HXJWGD GLHVHU %HULFKW GLU QLFKW VHOWVDP YRUNRPPHQ ZLUG 'RFK XQWHU GHQ JUQHQ 0DUVPHQVFKHQ NDQQ VLFK QLFKW HLQPDO GHU lOWHVWH HULQQHUQ GD VR HWZDV VFKRQ HLQPDO YRUJHNRPPHQ LVW$XFK ZLUGLQXQVHUHQ/HJHQGHQEHUbKQOLFKHVQLFKWEHULFKWHW 0HLQH 0XWWHU ZDU VHKU NOHLQ HLJHQWOLFK ]X NOHLQ XQG VR HUODXEWH PDQ LKU QLFKW GLH 9HUDQWZRUWXQJHQ GHU 0XWWHUVFKDIW ]X EHUQHKPHQ GD HV GHP :LOOHQ XQVHUHU $QIKUHU ]XIROJH EHL GHU =FKWXQJ DXVVFKOLHOLFK QDFK GHU *U|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
(5%XUURXJKV-RKQ&DUWHUYRP0DUV XQWHUKLHOWHQVLHVLFKEHUDOOJHPHLQH'LQJHGLHEHLGHQ7KDUN YRQ ,QWHUHVVH VLQG GRFK GD VLH VLFK KlX¿JHU WUDIHQ XQG QLFKW OlQJHU GXUFK =XIDOO ZRUEHU VLFK EHLGH ]LHPOLFK LP NODUHQ ZDUHQVSUDFKHQVLHYLHOEHUVLFKGLH'LQJHGLHVLHPRFKWHQ LKUH3OlQHXQG+RIIQXQJHQ6LHYHUWUDXWHLKPXQGHU]lKOWHLKP YRQGHPJURHQ$EVFKHXGHQVLHIUGLH*UDXVDPNHLWHQLKUHU /HXWHKHJWHIUGDVVFKUHFNOLFKHOLHEORVH/HEHQGDVVLHIKUHQ PXWHQ 'DQQ ZDUWHWH VLH GD VLFK HLQ 6WXUP YHUlFKWOLFKHU (QWUVWXQJ YRQ VHLQHQ NDOWHQ /LSSHQ HUJR GRFK VWDWW GHVVHQ QDKPHUVLHLQGLH$UPHXQGNWHVLH 6HFKVODQJH-DKUHKLHOWHQVLHLKUH/LHEHJHKHLP6LHPHLQH 0XWWHUJHK|UWHGHP*HIROJHGHVJURHQ7DO+DMXVDQZlKUHQG LKU *HOLHEWHU HLQ HLQIDFKHU .ULHJHU ZDU GHU QXU VHLQ HLJHQHV 0HWDOO WUXJ :lUH LKU %UXFK PLW GHQ 7UDGLWLRQHQ GHU 7KDUN HQWGHFNW ZRUGHQ VR KlWWHQ EHLGH LQ GHU JURHQ$UHQD YRU7DO +DMXVXQGGHUDQZHVHQGHQ+RUGHGDIUEH]DKOHQPVVHQ 'DV (L DXV GHP LFK VFKOSIWH ZDU DXI GHP K|FKVWHQ XQG XQ]XJlQJOLFKVWHQ GHU WHLOZHLVH ]HUVW|UWHQ7UPH GHV HLQVWLJHQ 7KDUNXQWHUHLQHPJURHQ*ODVJHIlYHUVWHFNWZRUGHQ(LQPDO MlKUOLFK EHVXFKWH PHLQH 0XWWHU HV ZlKUHQG GHU IQI ODQJHQ -DKUHGHV$XVEUWHQV6LHWUDXWHVLFKQLFKWKlX¿JHU]XNRPPHQ GD VLH VLFK RE LKUHV VFKXOGEHODGHQHQ *HZLVVHQV VWlQGLJ EHREDFKWHW IKOWH :lKUHQG GLHVHU =HLW HUODQJWH PHLQ 9DWHU JURH$QHUNHQQXQJDOV.ULHJHU(UKDWWHLQ]ZLVFKHQGDV0HWDOO YHUVFKLHGHQHU$QIKUHUHUEHXWHW6HLQH/LHEH]XPHLQHU0XWWHU ZDUXQYHUPLQGHUWJHEOLHEHQXQGHLQHVVHLQHU/HEHQV]LHOHZDU 7DO+DMXVGDV0HWDOO]XDE]XQHKPHQXPVLFKGDQQDOV+HUUVFKHU GHU7KDUN|IIHQWOLFK]XLKUEHNHQQHQ]XN|QQHQXQGNUDIWVHLQHU
(5%XUURXJKV-RKQ&DUWHUYRP0DUV 0DFKW GDV .LQG ]X EHVFKW]HQ GDV PDQ DQGHUHQIDOOV VFKQHOO W|WHQZUGHVROOWHGLH:DKUKHLWDQV/LFKWNRPPHQ (VZDUHLQNKQHU7UDXPLQQHUKDOEQXUIQINXU]HU-DKUH7DO +DMXVGDV0HWDOOHQWUHLHQ]XZROOHQ'RFKHUPDFKWHVFKQHOO )RUWVFKULWWH XQG KDWWH XQWHU GHQ 5lWHQ GHU 7KDUN EDOG HLQHQ KRKHQ5DQJLQQH(LQHV7DJHVJLQJGLH0|JOLFKNHLWMHGRFKIU LPPHUYHUORUHQGLHJHOLHEWH)DPLOLH]XUHWWHQGHQQHUZXUGH]X HLQHUODQJHQ([SHGLWLRQLQGHQHLVEHGHFNWHQ6GHQYHUSÀLFKWHW XPPLWGHQGRUWLJHQ%HZRKQHUQ.ULHJ]XIKUHQXQG)HOOH]X HUEHXWHQ6RVLQGGLHJUQHQ%DUVRRPLHU6LHDUEHLWHQQLFKWIU 'LQJHGLHVLHDQGHUHQPLW*HZDOWZHJQHKPHQN|QQHQ (UZDUYLHU-DKUHIRUWXQGDOVHU]XUFNNHKUWHZDUHVVFKRQ GUHL-DKUH]XVSlWGHQQXQJHIlKUHLQ-DKUQDFKVHLQHU$EUHLVHZDU GDV-XQJHDXVJHVFKOSIWNXU]YRUP(LQWUHIIHQHLQHV7UXSSVGHU GLH )UFKWH GHU *HPHLQVFKDIW DXV GHP ,QNXEDWRU KROHQ VROOWH 0HLQH0XWWHUKLHOWPLFKGDUDXIKLQLQGHPDOWHQ7XUPYHUVWHFNW EHVXFKWH PLFK GHV 1DFKWV XQG EHUKlXIWH PLFK PLW DOO GHU /LHEHGHUXQVGLH*HPHLQVFKDIWEHUDXEWKlWWH6LHKRIIWHPLFK QDFK5FNNHKUGHV7UXSSVYRQGHU%UXWVWDWLRQXQWHUGLHDQGHUHQ -XQJHQPLVFKHQ]XN|QQHQGLHGHP*HIROJH7DO+DMXV]XJHWHLOW ZDUHQXPPLUVRGDV6FKLFNVDO]XHUVSDUHQGDVGHU(QWGHFNXQJ LKUHV VQGKDIWHQ 9HUVWRHV JHJHQ GLH MDKUKXQGHUWHDOWHQ 7UDGLWLRQHQGHUJUQHQ0HQVFKHQPLW6LFKHUKHLWIROJHQZUGH 6FKQHOO OHKUWH VLH PLFK GLH 6SUDFKH XQG %UlXFKH XQVHUHV 9RONHV XQG HLQHV 1DFKWV HU]lKOWH VLH PLU GLH *HVFKLFKWH ZLH LFK VLH GLU ELVKHU EHULFKWHW KDEH 6LH ZLHV PLFK QDFKGUFNOLFK GDUDXIKLQDOOHVDEVROXWJHKHLP]XKDOWHQXQGlXHUVWYRUVLFKWLJ ]XVHLQZHQQVLHPLFK]XGHQDQGHUHQ-XQJHQJHEUDFKWKDWWH
(5%XUURXJKV-RKQ&DUWHUYRP0DUV GDPLWQLHPDQGHUUDWHGDLFKYRQGHU%LOGXQJKHUZHLWHUZDU $XFK VROOWH LFK LQ *HJHQZDUW DQGHUHU LQ NHLQHU :HLVH PHLQH =XQHLJXQJIUVLH]XHUNHQQHQJHEHQRGHURIIHQEDUHQGDLFK PHLQH(OWHUQNDQQWH'DQQ]RJVLHPLFKDQVLFKXQGÀVWHUWHPLU GHQ1DPHQPHLQHV9DWHUVLQV2KU ,QGLHVHP$XJHQEOLFNEOLW]WHHLQ/LFKWLQGHU'XQNHOKHLWGHV 7XUPJHPDFKHVDXIXQGYRULKUVWDQG6DUNRMDGHUHQXQKHLOYROO IXQNHOQGH $XJHQ YROO $EVFKHX XQG LQ UDVHQGHU 9HUDFKWXQJ DXI PHLQH 0XWWHU JHULFKWHW ZDUHQ 'HU 6FKZDOO YRQ +D XQG %HVFKLPSIXQJHQ GHU VLFK EHU VLH HUJR ODKPWH DOO PHLQH *OLHGHU 2IIHQVLFKWOLFK KDWWH 6DUNRMD GLH JDQ]H *HVFKLFKWH PLWJHK|UW 'LH ODQJH QlFKWOLFKH $EZHVHQKHLW PHLQHU 0XWWHU KDWWHVLHPLWUDXLVFKJHPDFKW'DVHUNOlUWHLKUH$QZHVHQKHLWLQ GLHVHUVFKLFNVDOVYROOHQ1DFKW (WZDVKDWWHVLHMHGRFKQLFKWJHK|UW'HQ1DPHQPHLQHV9DWHUV 'DV ZXUGH RIIHQVLFKWOLFK GD VLH PHLQH 0XWWHU IRUWZlKUHQG EHGUlQJWHGHQ1DPHQGHVDQGHUHQ6QGHUVSUHLV]XJHEHQ'RFK VHOEVW QRFK VR YLHOH %HVFKLPSIXQJHQ XQG 'URKXQJHQ NRQQWHQ LKU GLHVHQ QLFKW HQWUHLHQ 8P PLFK YRU VLQQORVHQ 4XDOHQ ]X UHWWHQORJVLHXQGHU]lKOWH6DUNRMDGDQXUVLHDOOHLQGHQ1DPHQ ZXWHXQGLKQQLFKWHLQPDOGHP.LQGPLWWHLOHQZUGH 0LWHLQHUOHW]WHQ6FKLPSINDQRQDGHHLOWH6DUNRMD]X7DO+DMXV XP LKP LKUH (QWGHFNXQJ ]X KLQWHUEULQJHQ :lKUHQGGHVVHQ ZLFNHOWHPLFKPHLQH0XWWHULQGLH6HLGHQWFKHUXQG)HOOHGHV 1DFKWODJHUVVRGDLFKNDXP]XVHKHQZDUOLHIDXIGLH6WUDH XQGUDQQWH]LHOORV]XP6WDGWUDQGJHQ6GHQ]XMHQHP0DQQ DXI GHVVHQ 6FKXW] VLH QLFKW KRIIHQ NRQQWH GHVVHQ *HVLFKW VLH DEHUQRFKHLQPDOVHKHQZROOWHEHYRUVLHVWDUE
(5%XUURXJKV-RKQ&DUWHUYRP0DUV $OV ZLU XQV GHU 6WDGWJUHQ]H QlKHUWHQ GUDQJ DXV GHP PRRVLJHQ)ODFKODQG/lUPDQXQVHUH2KUHQDXVMHQHU5LFKWXQJ ZRVLFKGHUHLQ]LJH3DGXUFKV*HELUJHVFKOlQJHOWHGHU]XGHQ 6WDGWWRUHQIKUWHMHQHU:HJGHQHLQWUHIIHQGH.DUDZDQHQLQGLH 6WDGWQHKPHQPXWHQ:LUYHUQDKPHQGDV6FKUHLHQGHU7KRDWV GDV%UXPPHQGHU=LWLGDUVXQGJHOHJHQWOLFKHV:DIIHQJHNOLUUGDV GLH$QNXQIWHLQHV.ULHJVWUXSSVDQNQGLJWH,KUHUVWHU*HGDQNH ZDUGDPHLQ9DWHUYRQGHU([SHGLWLRQ]XUFNNHKUWHGRFKGLH 6FKOlXHGHU7KDUNKLHOWVLHGDYRU]XUFNLKQHQXQEHUOHJWXQG NRSÀRVHQWJHJHQ]XVWU]HQ 6LH]RJVLFKLQGHQ6FKDWWHQHLQHV7RUHV]XUFNXQGHUZDUWHWH GDV(LQWUHIIHQGHU6FKDUGLHNXU]GDUDXI]XVHKHQZDUZREHL VLFKGLH7UXSSHDXÀ|VWHXQGGLH6WUDHHQWODQJGUlQJWH$OVGLH HUVWHQDQXQVYRUEHLNDPHQVWLHJGHUNOHLQHUHGHXWOLFKVLFKWEDUH 0RQG EHU GHQ EHUKlQJHQGHQ 'lFKHUQ DXI XQG HUKHOOWH GLH 6]HQH PLW VHLQHP VWUDKOHQGHQ 6FKHLQ 0HLQH 0XWWHU ZLFK WLHIHULQGLHVFKW]HQGHQ6FKDWWHQ]XUFNXQGVDKGDHVQLFKW GLH*UXSSHPHLQHV9DWHUVZDUVRQGHUQGLH.DUDZDQHPLWGHQ MXQJHQ7KDUN$XJHQEOLFNOLFKZDULKU3ODQJHIDWXQGDOVHLQ JURHV)DKU]HXJGLFKWDQXQVHUHP9HUVWHFNYRUEHLJHVFKDXNHOW NDP VFKOSIWH VLH OHLVH EHU GLH KLQWHUH /DGHNODSSH KLQHLQ KRFNWH VLFK LQ GHQ 6FKDWWHQ GHU KRKHQ 6HLWHQZDQG XQG SUHWH PLFKLQXQElQGLJHU/LHEHDQLKUHQ%XVHQ ,P *HJHQVDW] ]X PLU ZXWH VLH GD VLH PLFK QDFK GLHVHU 1DFKW QLH ZLHGHU DQ VLFK GUFNHQ ZUGH$XFK ZDU HV K|FKVW XQZDKUVFKHLQOLFK GD ZLU HLQDQGHU MH ZLHGHU LQ GLH $XJHQ VHKHQ ZUGHQ ,Q GHP DOOJHPHLQHQ 'XUFKHLQDQGHU DXI GHP 3ODW]PLVFKWHVLHPLFKXQWHUGLHDQGHUHQ.LQGHUGHUHQ:lFKWHU
(5%XUURXJKV-RKQ&DUWHUYRP0DUV QDFK GHU 5HLVH YRQ LKUHU 0LVVLRQ HQWEXQGHQ ZRUGHQ ZDUHQ 0DQ EUDFKWH XQV LQ HLQHQ JURHQ 5DXP (LQLJH )UDXHQ GLH QLFKW DQ GHU ([SHGLWLRQ WHLOJHQRPPHQ KDWWHQ IWWHUWHQ XQV XQG DP QlFKVWHQ 7DJ WHLOWH PDQ XQV GHP MHZHLOLJHQ *HIROJH YHUVFKLHGHQHU$QIKUHU]X 1DFK GLHVHU 1DFKW VDK LFK PHLQH 0XWWHU QLH ZLHGHU 7DO +DMXVOLHVLHHLQVSHUUHQPDQXQWHUQDKPMHJOLFKH$QVWUHQJXQJ HLQVFKOLHOLFKGHU VFKUHFNOLFKVWHQXQG HUQLHGULJHQGVWHQ)ROWHU LKU GHQ 1DPHQ PHLQHV 9DWHUV ]X HQWUHLHQ GRFK VLH EOLHE VWDQGIHVWXQGWUHXXQGVWDUEVFKOLHOLFKXQWHUGHP*HOlFKWHUYRQ 7DO+DMXVXQGVHLQHQ%HIHKOVKDEHUQZlKUHQGHLQHUHQWVHW]OLFKHQ 0DUWHU 6SlWHUHUIXKULFKGDVLHLKQHQHU]lKOWKDWWHVLHKDEHPLFK JHW|WHWXQGPHLQHQ/HLFKQDPGHQZHLHQ$IIHQYRUJHZRUIHQ XPPLUHLQlKQOLFKHV6FKLFNVDO]XHUVSDUHQ1XU6DUNRMDJODXEWH LKUQLFKWXQGELVKHXWHVSUHLFKGDVLHPHLQHZDKUH+HUNXQIW ZHLVLHMHGRFKXQWHUGHQJHJHQZlUWLJHQ8PVWlQGHQQLFKW]X HQWKOOHQ ZDJW GD VLH ZLH LFK YHUPXWH DXFK DKQW ZHU PHLQ 9DWHULVW $OV GLHVHU YRQ GHU ([SHGLWLRQ ]XUFNNHKUWH XQG YRP 6FKLFNVDOPHLQHU0XWWHUHUIXKUZDULFKGDEHL(UYHUULHWVHLQH *HIKOHMHGRFKGXUFKNHLQHUOHL*HVWHODFKWHQXUQLFKWDOV7DO +DMXVYROOHU(QW]FNHQLKUH7RGHVTXDOHQDXVPDOWH9RQGLHVHP $XJHQEOLFN DQ ZXUGH HU ]X HLQHP GHU JUDXVDPVWHQ .lPSIHU XQGLFKVHKQHGHQ7DJKHUEHLDQGHPHUVHLQ=LHOHUUHLFKWXQG GHQ)XDXI7DO+DMXV/HLFKQDPVHW]WGHQQLFKELQIHOVHQIHVW GDYRQ EHU]HXJW GD HU QXU DXI GLH *HOHJHQKHLW ZDUWHW VLFK DXIVVFKUHFNOLFKVWH]XUlFKHQXQGGDGLH/LHEHLQVHLQHU%UXVW
(5%XUURXJKV-RKQ&DUWHUYRP0DUV QRFKJHQDXVRVWDUNLVWZLHYRUYLHU]LJ-DKUHQDOVVLH]XPHUVWHQ 0DOYRQLKP%HVLW]HUJULIIZLHLFKKLHUDP5DQGHHLQHVXUDOWHQ 2]HDQVVLW]HZlKUHQGYHUQQIWLJH/HXWHVFKODIHQ© ª,VWGHLQ9DWHUQXQEHLXQV6ROD"©IUDJWHLFK ª-DDEHUHUNHQQWPLFKQLFKWXQGZHLDXFKQLFKWZHUPHLQH 0XWWHU DQ 7DO +DMXV YHUUDWHQ KDW© HQWJHJQHWH VLH ª,FK DOOHLQ NHQQHVHLQHQ1DPHQXQGQXULFK7DO+DMXVXQG6DUNRMDZLVVHQ GDVLHGLH*HVFKLFKWHSUHLVJHJHEHQKDWGLHOHW]WHQGOLFKVHLQHU *HOLHEWHQ4XDOXQG7RGEUDFKWHQ© :LU VFKZLHJHQ NXU]H =HLW VLH YROO GVWHUHU *HGDQNHQ EHU LKUH VFKUHFNOLFKH 9HUJDQJHQKHLW LFK YROOHU 0LWOHLG IU GLH DUPHQ .UHDWXUHQ HLQHU 5DVVH GHUHQ KHU]ORVH XQG XQVLQQLJH %UlXFKHVLH]XHLQHPOLHEORVHQ'DVHLQYROOHU*UDXVDPNHLWXQG +DYHUGDPPWHQ'DQQKXEVLHHUQHXWDQª-RKQ&DUWHUZHQQ MHPDOV HLQ HFKWHU 0DQQ GLH NDOWH WRWH 2EHUÀlFKH GHV 0DUV EHWUHWHQ KDW ELVW GX HV ,FK ZHL GD LFK GLU YHUWUDXHQ NDQQ XQGGDGLHVHV:LVVHQHLQHV7DJHVGLULKP'HMDK7KRULVRGHU PLU KHOIHQ NDQQ ZLOO LFK GLU VDJHQ ZHU PHLQ 9DWHU LVW RKQH GLU (LQVFKUlQNXQJHQ RGHU %HGLQJXQJHQ DXI]XHUOHJHQ ,VW GLH =HLWUHLIGDQQVDJHGLH:DKUKHLWVRIHUQGXHVIUULFKWLJKlOWVW ,FK YHUWUDXH GLU GD LFK ZHL GD GX QLFKW ]X MHQHU DEVROXWHQ XQG XQHUVFKWWHUOLFKHQ 7UHXH YHUGDPPW ELVW VRQGHUQ OJHQ ZUGHVWZLHHVMHGHU*HQWOHPDQYRQ9LUJLQLDWXQZUGHZHQQ GLHVH/JHDQGHUHQ/HLGXQG/HLGHQHUVSDUWH'HU1DPHPHLQHV 9DWHUVLVW7DUV7DUNDV©
(5%XUURXJKV-RKQ&DUWHUYRP0DUV
6\eSXd`\y^U
'HU 5HVW GHU 5HLVH QDFK 7KDUN YHUOLHI RKQH ZHLWHUH 9RUNRPPQLVVH :LU ZDUHQ ]ZDQ]LJ 7DJH XQWHUZHJV XQG SDVVLHUWHQ ]ZHL DXVJHWURFNQHWH 0HHUH VRZLH ]DKOUHLFKH YHUIDOOHQH6WlGWHZRYRQGLHPHLVWHQNOHLQHUDOV.RUDGZDUHQ =ZHLPDO EHUTXHUWHQ ZLU GLH EHUKPWHQ :DVVHUZHJH GHV 0DUVYRQXQVHUHQ$VWURQRPHQDXIGHU(UGHDXFK0DUVNDQlOH JHQDQQW $OV ZLU XQV GLHVHQ QlKHUWHQ ZXUGH HLQ .ULHJHU PLW HLQHP VWDUNHQ )HOGVWHFKHU DXVJHVDQGW XP QDFK JU|HUHQ 7UXSSHQ URWHU 0DUVPHQVFKHQ $XVVFKDX ]X KDOWHQ +HLPOLFK VFKOLFKHQZLUXQVKHUDQVRZHLWHVJLQJXQGGDZLUXQEHPHUNW EOHLEHQZROOWHQPDFKWHQZLUELV]XP(LQEUXFKGHU'XQNHOKHLW 5DVW XQG EHZHJWHQ XQV HUVW GDQQ ODQJVDP DXI GDV NXOWLYLHUWH /DQG]X$XIHLQHUGHU]DKOUHLFKHQEUHLWHQ6WUDHQGLHGLHVHV *HELHW LQ UHJHOPlLJHQ $EVWlQGHQ NUHX]WHQ VWDKOHQ ZLU XQV YRUVLFKWLJ DQ GDV XQIUXFKWEDUH *HOlQGH DXI GHU DQGHUHQ 6HLWH KHUDQ:LUEUDXFKWHQRKQH3DXVHIQI6WXQGHQELV]XUQlFKVWHQ .UHX]XQJXQGGHU0DUVFK]XUQlFKVWHQQDKPGLHJDQ]H1DFKW LQ $QVSUXFK (V ZXUGH EHUHLWV KHOO DOV ZLU GLH YRQ KRKHQ 0DXHUQHLQJHJUHQ]WHQ)HOGHUYHUOLHHQ %HLP 0DUVFK LP 'XQNHOQ NRQQWH LFK QLFKW GDV JHULQJVWH HUNHQQHQ LPPHU QXU GDQQ ZHQQ GHU HUVWH 0RQG IRUVFK VHLQH
(5%XUURXJKV-RKQ&DUWHUYRP0DUV XQDEOlVVLJH %DKQ EHU GHQ +LPPHO YRQ %DUVRRP ]RJ GDEHL ]HLWZHLVH NOHLQH )OHFNHQ GHU 8PJHEXQJ HLQJHJUHQ]WH )HOGHU VRZLH ÀDFKH XQUHJHOPlLJ JHEDXWH *HElXGH HUKHOOWH GLH IDVW VRDXVVDKHQZLHDXIGHU(UGHXQVHUH)DUPHQ+LHUZXFKVHQYLHOH %lXPHPDQKDWWHVLHLQUHJHOPlLJHQ$EVWlQGHQDQJHSÀDQ]W (LQLJHGDYRQZDUHQYRQVWDWWOLFKHU*U|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lFKVWHQ (LQJUHQ]XQJ 'LH 7KDUN VFKHQNWHQ LKP NHLQH %HDFKWXQJ GHQQ VLH KHJWHQ NHLQH NULHJHULVFKHQ $EVLFKWHQ 'DV HLQ]LJH ZDV GDUDXIKLQZLHV GD VLH LKQ JHVHKHQ KDWWHQ ZDUGDVLHLKUHQ6FKULWWLQ5LFKWXQJGHUDQJUHQ]HQGHQ:VWH EHVFKOHXQLJWHQDQGHU7DO+DMXV 5HLFKEHJDQQ .HLQHLQ]LJHV0DOVSUDFKLFKPLW'HMDK7KRULVGDVLHPLFK QLFKW ZLVVHQ OLH GD LFK LQ LKUHU .XWVFKH ZLOONRPPHQ VHL 0HLQW|ULFKWHU6WRO]KLHOWPLFKGDYRQDEYRQDOOHLQGLH,QLWLDWLYH ]XHUJUHLIHQ,FKELQIHVWEHU]HXJW-HNKQHUHLQ0DQQXQWHU VHLQHVJOHLFKHQ DXIWULWW GHVWR XQVLFKHUHU LVW VHLQ 9HUKDOWHQ )UDXHQJHJHQEHU'HP6FKZlFKOLQJXQG+RKONRSIIlOOWHVRIW
(5%XUURXJKV-RKQ&DUWHUYRP0DUV OHLFKWGDVVFK|QH*HVFKOHFKWIUVLFK]XJHZLQQHQZlKUHQGGHU .ULHJHU GHU VRQVW RKQH =DXGHUQ WDXVHQG ZLUNOLFKHQ *HIDKUHQ GLH6WLUQELHWHWVLFKZLHHLQlQJVWOLFKHV.LQGLQGHQ6FKDWWHQ ÀFKWHW *HQDX GUHLLJ 7DJH QDFK PHLQHU $QNXQIW DXI %DUVRRP HUUHLFKWHQ ZLU GDV DOWHKUZUGLJH 7KDUN GLH XUDOWH 6WDGW MHQHV YRU =HLWHQ XQWHUJHJDQJHQHQ 9RONHV GHVVHQ 1DPHQ VLFK GLHVH JUQH +RUGH ]X HLJHQ JHPDFKW KDWWH (WZD GUHLLJWDXVHQG 0HQVFKHQ KDXVWHQ KLHU VLH WHLOWHQ VLFK LQ IQIXQG]ZDQ]LJ *HPHLQVFKDIWHQ DXI (LQH MHGH YRQ LKQHQ EHVD LKUHQ HLJHQHQ -HG XQG QLHGHUH %HIHKOVKDEHU GRFK VWDQGHQ DOOH XQWHU GHU XQHLQJHVFKUlQNWHQ+HUUVFKDIWYRQ7DO+DMXV-HGGDNYRQ7KDUN )QI *HPHLQVFKDIWHQ KDWWHQ LKUHQ :RKQVLW] DXVVFKOLHOLFK LQ 7KDUNGHU5HVWKDXVWHYHUHLQ]HOWLQDQGHUHQYHUODVVHQHQ6WlGWHQ GHV*HELHWHVGDV7DO+DMXVIUVLFKEHDQVSUXFKWH $PIUKHQ1DFKPLWWDJWUDIHQZLUDXIGHPJURHQ=HQWUDOSODW] HLQ 'LH :LOONRPPHQVIUHXGH JHJHQEHU GHQ $QN|PPOLQJHQ KLHOWVLFKLQ*UHQ]HQ'LH]XIlOOLJ$QZHVHQGHQQDQQWHQEHLLKUHU IRUPHOOHQ%HJUXQJMHQH.ULHJHUXQG)UDXHQEHLP1DPHQPLW GHQHQVLHLQ%HUKUXQJNDPHQ$OVMHGRFKEHNDQQWZXUGHGD GHU =XJ ]ZHL *HIDQJHQH PLW VLFK IKUWH ZXUGH GDV ,QWHUHVVH JU|HU 'HMDK 7KRULV XQG LFK UFNWHQ LQ GHQ 0LWWHOSXQNW GHV *HVFKHKHQV 0DQWHLOWHXQVEDOGQHXH8QWHUNQIWH]X'HQ5HVWGHV7DJHV YHUEUDFKWHQ ZLU GDPLW XQV HLQ]XULFKWHQ 0HLQH :RKQXQJ EHIDQG VLFK DQ GHU VGOLFKHQ $XVIDOOVWUDH GLH ZLU YRQ GHQ 6WDGWWRUHQNRPPHQGHQWODQJPDUVFKLHUWZDUHQ6LHIKUWH]XP =HQWUDOSODW],FKKDWWHGDV*HElXGHJDQ]IUPLFKDOOHLQHVODJ
(5%XUURXJKV-RKQ&DUWHUYRP0DUV DPKLQWHUHQ7HLOGHV9LHUWHOV-HQH(UKDEHQKHLWGXUFKGLHVLFK GLH$UFKLWHNWXU YRQ .RUDG DXVJH]HLFKQHW KDWWH ZDU DXFK KLHU ]X ¿QGHQ QXU LQ JU|HUHQ 'LPHQVLRQHQ ZHQQ GDV EHUKDXSW P|JOLFK ZDU 0HLQH %OHLEH KlWWH GHP PlFKWLJVWHQ .DLVHU GHU (UGH DOV 8QWHUNXQIW ZRKO DQJHVWDQGHQ GRFK GLHVH VHOWVDPHQ .UHDWXUHQEHHLQGUXFNWHGDUDQQXUGLH*U|HGHU%DXZHUNHXQG *HPlFKHU -H ZHLWUlXPLJHU HLQ *HElXGH ZDU GHVWR EHJHKUWHU ZDUHV6REHOHJWH7DO+DMXVHLQ+DXVGDVIUKHU|IIHQWOLFKHQ =ZHFNHQ JHGLHQW KDEHQ PXWH (V ZDU ULHVHQJUR XQG DOV 8QWHUNXQIWJlQ]OLFKXQJHHLJQHW'DV]ZHLWJU|WHZDU/RUTXDV 3WRPHO YRUEHKDOWHQ GDV QlFKVWH GHP QLHGULJHUHQ -HG XQG VR ZHLWHU ELV ]XP OHW]WHQ GHU IQI -HGV 'LH .ULHJHU KDXVWHQ LQ GHQ*HElXGHQGHU%HIHKOVKDEHUGHUHQ*HIROJHVLHDQJHK|UWHQ RGHU VXFKWHQ VLFK ZHQQ VLH ZROOWHQ LKUH %OHLEH LQ HLQHP GHU YLHOHQ WDXVHQG XQEHZRKQWHQ %DXOLFKNHLWHQ GHU XQPLWWHOEDUHQ 8PJHEXQJ GHQQ MHGHU *HPHLQVFKDIW ZDU HLQ EHVWLPPWHV 6WDGWYLHUWHO]XJHWHLOWZRUGHQ'HPHQWVSUHFKHQGKDWWHDXFKGLH $XVZDKOGHU8QWHUNQIWH]XHUIROJHQ/HGLJOLFKGLH-HGVELOGHWHQ HLQH$XVQDKPHVLHEHZRKQWHQDOOH*HElXGHDP=HQWUDOSODW] $OVLFKPLFKLQPHLQHU%OHLEHHQGOLFKHLQJHULFKWHWRGHUEHVVHU JHVDJWGDEHL]XJHVHKHQKDWWHZDUHVNXU]YRU6RQQHQXQWHUJDQJ XQGLFKHLOWHKLQDXVXP6RODXQGLKUH6FKW]OLQJHDXV¿QGLJ]X PDFKHQ ,FK ZROOWH XQEHGLQJW PLW 'HMDK 7KRULV VSUHFKHQ VLH ]XPLQGHVW]XHLQHU$UW:DIIHQVWLOOVWDQGEHZHJHQELVLFKHLQHQ :HJ JHIXQGHQ KDWWH ZLH LFK LKU EHL GHU )OXFKW EHKLOÀLFK VHLQ NRQQWH 'HU REHUH 5DQG GHU JURHQ URWHQ 6RQQH YHUVFKZDQG JHUDGHDP+RUL]RQWXQGLFKZDUQRFKLPPHUDXIGHU6XFKHDOV LFK GHQ KlOLFKHQ .RSI :RRODV HUVSlKWH GHU LP HUVWHQ 6WRFN
(5%XUURXJKV-RKQ&DUWHUYRP0DUV HLQHVJHJHQEHUOLHJHQGHQ*HElXGHVDXVGHP)HQVWHUEOLFNWH(V EHIDQGVLFKLQHEHQPHLQHU6WUDHODJQXUPHKU]XP3ODW]KLQ 2KQH DXI HLQH (LQODGXQJ ]X ZDUWHQ VWUPWH LFK GLH :HQGHOWUHSSH KRFK XQG EHWUDW HLQHQ JURHQ 5DXP DXI GHU 9RUGHUVHLWH GHV +DXVHV :RROD EHJUWH PLFK VWUPLVFK XQG ZDUI VLFK PLW JDQ]HP *HZLFKW DXI PLFK VR GD LFK EHLQDKH XPNLSSWH 'HU ZDFNHUH *HVHOOH IUHXWH VLFK GHUDUW EHU GDV :LHGHUVHKHQ GD LFK JODXEWH HU ZROOH PLFK DXIIUHVVHQ (U JULQVWHNREROGDUWLJEHUVJDQ]H*HVLFKWXQGHQWEO|WHGDEHLGLH GUHL5HLKHQ6WR]lKQHELV]XGHQ2KUHQ ,FKEHUXKLJWHLKQPLWHLQHP:RUWXQGHLQHU/LHENRVXQJXQG YHUVXFKWH¿HEHUKDIW'HMDK7KRULVLP+DOEGXQNHODXV¿QGLJ]X PDFKHQ'DLFKVLHQLFKWVHKHQNRQQWHULHILFKVLHEHLP1DPHQ (LQ0XUPHOQDXVHLQHU(FNHGHV5DXPHVZDUGLH$QWZRUW0LW HLQLJHQVFKQHOOHQ6FKULWWHQZDULFKEHLLKU6LHKRFNWHDXIHLQHP DOWHUWPOLFKHQJHVFKQLW]WHQ+RO]VWXKOLQPLWWHQYRQ)HOOHQXQG 6HLGHQWFKHUQ'DLFKZDUWHWHHUKREVLHVLFKEOLFNWHPLULQGLH $XJHQXQGVDJWHª:DVP|FKWH'RWDU6RMDW7KDUNYRQVHLQHU *HIDQJHQHQ'HMDK7KRULV"© ª'HMDK7KRULVLFKZHLQLFKWZRPLWLFKGLFKYHUlUJHUWKDEH (VODJPLUY|OOLJIHUQGLFK]XYHUOHW]HQRGHU]XEHOHLGLJHQZR LFK GLFK EHVFKW]HQ XQG WU|VWHQ ZROOWH :HQQ HV GHLQ :LOOH LVW EHNRPPVW GX PLFK QLFKW PHKU ]X *HVLFKW$EHU OD PLFK GLUEHLGHU)OXFKWEHKLOÀLFKVHLQVRIHUQGLHVHLP5DKPHQGHV 0|JOLFKHQ OLHJW XQG GDV LVW NHLQH %LWWH VRQGHUQ HLQ %HIHKO :HQQGXGDQQDP+RIGHLQHV9DWHUVELVWNDQQVWGXPLWPLUQDFK %HOLHEHQYHUIDKUHQ%LVGDKLQELQLFKMHGRFKGHLQ*HELHWHUGHP GXJHKRUFKHQXQGKHOIHQZLUVW©
(5%XUURXJKV-RKQ&DUWHUYRP0DUV 6LH EOLFNWH PLFK ODQJH VHKU HUQVW DQ XQG LFK KDWWH GHQ (LQGUXFNGDVLHVLFKPLUJHJHQEHUHWZDV|IIQHWH ª'HLQH :RUWH YHUVWHKH LFK 'RWDU 6RMDW GRFK QLFKW LKUHQ 6LQQ© HQWJHJQHWH VLH ª'X ELVW HLQH VHOWVDPH 0LVFKXQJ DXV .LQG XQG 0DQQ *URELDQ XQG (GHOPDQQ ,FK ZQVFKWH LFK N|QQWHLQGHLQHP+HU]HQOHVHQ© ª6LHK]XGHLQHQ)HQ'HMDK7KRULVGRUWOLHJWHVVHLWMHQHU 1DFKWLQ.RUDG(VZLUGDOOHLQIUGLFKVRODQJHVFKODJHQELVGHU 7RGHVIULPPHU]XP6FKZHLJHQEULQJW© 6LHWUDWHLQ6WFNDXIPLFK]XGLH+lQGHLQHLQHUVHOWVDPHQ WDVWHQGHQ*HVWHDXVJHVWUHFNW ª:DV PHLQVW GX GDPLW -RKQ &DUWHU"© ÀVWHUWH VLH ª:DV ZLOOVWGXGDPLWVDJHQ"© ª,FK VSUHFKH DXV ZDV LFK PLU JHVFKZRUHQ KDWWH GLU QLFKW ]X VDJHQ ]XPLQGHVW VRODQJH GX HLQH *HIDQJHQH GHU JUQHQ 0HQVFKHQ ELVW XQG ZDV LFK GLU QDFK GHLQHP 9HUKDOWHQ PLU JHJHQEHULQGHQOHW]WHQ]ZDQ]LJ7DJHQQLHPDOVVDJHQZROOWH 'HMDK7KRULVLFKELQPLW/HLEXQG6HHOHGHUGHLQHLFKZLOOGLU GLHQHQIUGLFKNlPSIHQXQGVWHUEHQ$OV*HJHQOHLVWXQJELWWH LFKQXUXPHLQHV'DGXPLWNHLQHU0LHQHXQGNHLQHP=HLFKHQ GHLQHQ 8QZLOOHQ RGHU GHLQ (LQYHUQHKPHQ ]X HUNHQQHQ JLEVW ELV GX EHL GHLQHP9RON ELVW XQG GD GX GDUDXI DFKWHVW GHLQH *HIKOHQLFKWYRQ'DQNEDUNHLWEHHLQÀXVVHQ]XODVVHQZHOFKHU $UW VLH DXFK LPPHU VHLQ P|JHQ 'HQQ ZDV LFK IU GLFK WXH JHVFKLHKWHLQ]LJXQGDOOHLQDXVVHOEVWVFKWLJHQ0RWLYHQGDLFK PHKU)UHXGHGDUDQKDEHGLU]XGLHQHQDOVQLFKWV]XWXQ©
(5%XUURXJKV-RKQ&DUWHUYRP0DUV ª,FK UHVSHNWLHUH GHLQHQ :XQVFK -RKQ &DUWHU XQG GD LFK YHUVWHKHQNDQQZDUXPGXVRKDQGHOVWQHKPHLFKGHLQH'LHQVWH HEHQVR JHUQ DQ ZLH LFK PLFK GLU XQWHURUGQH 'HLQ :RUW VROO PHLQ *HVHW] VHLQ =ZHLPDO KDEH LFK GLU LQ *HGDQNHQ XQUHFKW JHWDQXQGZLHGHUELWWHLFKGLFKXP9HUJHEXQJ© 'HP ZHLWHUHQ SHUV|QOLFKHQ *HVSUlFK ZXUGH GXUFK 6RODV (UVFKHLQHQ (LQKDOW JHERWHQ GLH VHKU DXIJHUHJW ZDU JDQ] LP *HJHQVDW]]XLKUHPJHZ|KQOLFKUXKLJHQEHKHUUVFKWHQ:HVHQ ª'LHVHIUFKWHUOLFKH6DUNRMDZDUEHL7DO+DMXV©ULHIVLHDXV ª1DFKDOOHPZDVLFKDXIGHP3ODW]YHUQRPPHQKDEHJLEWHV IUNHLQHQYRQHXFK+RIIQXQJ© ª:DVVDJHQVLHGHQQ"©HUNXQGLJWHVLFK'HMDK7KRULV ª'D LKU EDOG GHQ ZLOGHQ &DORWV +XQGHQ LQ GHU $UHQD YRUJHZRUIHQZHUGHWVREDOGVLFKGLH+RUGHQ]XGHQDOOMlKUOLFKHQ 6SLHOHQYHUVDPPHOWKDEHQ© ª6ROD GX ELVW HLQH 7KDUN GRFK GX KDW XQG YHUDFKWHVW GLH %UlXFKH GHLQHV9RONHV HEHQVR ZLH ZLU© VDJWH LFK ª0|FKWHVW GX XQV QLFKW DXI XQVHUHU )OXFKW EHJOHLWHQ" ,FK ELQ EHU]HXJW 'HMDK7KRULVN|QQWHGLUEHLLKUHP9RONHLQH+HLPDWXQG6FKXW] ELHWHQXQGGLFKNDQQGRUWNHLQVFKOLPPHUHV6FKLFNVDOHUZDUWHQ DOVKLHU© ª-D© ULHI 'HMDK 7KRULV ª.RPP PLW 6ROD %HL GHQ URWHQ 0HQVFKHQYRQ+HOLXPZLUGHVGLUEHVVHUHUJHKHQDOVKLHUXQG LFKNDQQGLUEHLXQVQLFKWQXUHLQ+HLPYHUVSUHFKHQVRQGHUQDOO GLH/LHEHXQG=XQHLJXQJQDFKGHQHQVLFKGHLQ,QQHUHVVHKQWXQG ZHOFKHGLH%UlXFKHGHLQHV9RONHVGLULPPHUYHUVDJHQZHUGHQ .RPPPLWXQVPLW6ROD:LUN|QQWHQRKQHGLFKÀLHKHQGRFK
(5%XUURXJKV-RKQ&DUWHUYRP0DUV GDQQHUZDUWHWGLFKHLQVFKUHFNOLFKHV6FKLFNVDOGDVLHJODXEHQ ZHUGHQ GX ZlUHVW XQV EHL GHU )OXFKW EHKLOÀLFK JHZHVHQ ,FK ZHL GD GX GLFK XQV VHOEVW DXV GLHVHU %HIUFKWXQJ KHUDXV QLH LQ GHQ :HJ VWHOOHQ ZUGHVW GRFK ZLU P|FKWHQ GLFK EHL XQVKDEHQ'XVROOVWXQVLQV/DQGGHV6RQQHQVFKHLQVXQGGHU *OFNVHOLJNHLWEHJOHLWHQ]XHLQHP9RONGDVGLH%HGHXWXQJGHU :RUWH /LHEH 0LWJHIKO XQG 'DQNEDUNHLW NHQQW 6DJ GD GX PLWNRPPVWELWWH© ª'HUJURH:DVVHUZHJGHUQDFK+HOLXPIKUWEH¿QGHWVLFK QXU IQI]LJ 0HLOHQ VGOLFK YRQ KLHU© PXUPHOWH 6ROD KDOE ]X VLFK VHOEVW ª(LQ VFKQHOOHV 7KRDW EUDXFKW GDIU GUHL 6WXQGHQ 9RQ GRUW VLQG HV QRFK IQIKXQGHUW 0HLOHQ ELV +HOLXP 'HU :HJIKUWPHLVWGXUFKGQQEHVLHGHOWHV*HELHW'DVZLVVHQVLH XQG VLH ZUGHQ XQV YHUIROJHQ :LU N|QQWHQ XQV HLQH =HLWODQJ ]ZLVFKHQ GHQ JURHQ %lXPHQ YHUVWHFNHQ GRFK GLH &KDQFHQ VLQG LQ GHU 7DW VHKU JHULQJ 6LH ZUGHQ XQV ELV ]X GHQ 7RUHQ YRQ+HOLXPQDFKVWHOOHQXQGDXI6FKULWWXQG7ULWWLKUHQW|GOLFKHQ 7ULEXWIRUGHUQLKUNHQQWVLHQLFKW© ª*LEW HV NHLQHQ DQGHUHQ :HJ QDFK +HOLXP"© IUDJWH LFK ª.DQQVW GX PLU GDV /DQG HLQPDO JURE VNL]]LHUHQ GDV ZLU GXUFKTXHUHQPVVHQ'HMDK7KRULV"© 6LH QDKP VLFK HLQHQ JURHQ 'LDPDQW DXV GHP +DDU XQG ]HLFKQHWHDXIGHP0DUPRUERGHQGLHHUVWH.DUWHYRQ%DUVRRP GLHLFK]XVHKHQEHNDP.UHX]XQGTXHUGXUFKV/DQGYHUOLHIHQ ODQJH JHUDGH /LQLHQ WHLOZHLVH SDUDOOHO GDQQ WUDIHQ VLH VLFK ZLHGHUXP EHL HLQHP JURHQ .UHLV 'LHVH /LQLHQ VDJWH 'HMDK 7KRULVVHLHQ:DVVHUVWUDHQGLH.UHLVH6WlGWHXQGHLQHQZHLW QRUGZHVWOLFK YRQ XQV JHOHJHQHQ