DPSILP0RQGJHKLUQ
M 1U .DPSILP0RQGJHKLUQ YRQ+*(ZHUV
$WODQ
$XI 7HUUD GHQ :HOWHQ GHV 6ROD...
34 downloads
569 Views
241KB 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
.DPSILP0RQGJHKLUQ
M 1U .DPSILP0RQGJHKLUQ YRQ+*(ZHUV
$WODQ
$XI 7HUUD GHQ :HOWHQ GHV 6RODUHQ ,PSHULXPV XQG GHQ 6WW]SXQNWHQ GHU 862 VFKUHLEWPDQ0LWWH-XQLGHV-DKUHV'LHVHV-DKUKXQGHUWLVWHLQH=HLWLQGHUGLH VRODUH 0HQVFKKHLW RGHU GLH 0HQVFKKHLW YRQ GHQ :HOWHQ GHU HUVWHQ 6LHGOXQJVZHOOH ZLHGHU QDFK GHQ 6WHUQHQ JUHLIW XQG VLFK ZHLWHU LP $OO DXVEUHLWHW (V LVW HLQH =HLW GHU JURHQ (UIROJH XQG JURHQ /HLVWXQJHQ²HV LVW DEHU DXFK HLQH =HLW GHU *HIDKUHQ XQG HLQH=HLWLQGHU5FNVFKOlJHQLFKWDXIVLFKZDUWHQODVVHQ (LQ VROFKHU 5FNVFKODJ IU GLH VRODUH 0HQVFKKHLW VFKHLQW VLFK DQ]XEDKQHQ DOV 1DWKDQ GLH OXQDUH %LRSRVLWURQLN IDOVFKH 3URJUDPPH XQG 'DWHQ ]X OLHIHUQ EHJLQQW 1DWKDQ DXI GHVVHQ UHLEXQJVORVHV )XQNWLRQLHUHQ GLH JDQ]H VRODUH XQG ]XP 7HLO DXFK GLH H[WUDVRODUH :LUWVFKDIW XQG 9HUVRUJXQJ DQJHZLHVHQ VLQG ULFKWHW GXUFK VHLQH )HKOOHLVWXQJHQXQHUPHOLFKHQ6FKDGHQDQ 9LHOHURUWV NRPPW HV ]X .DWDVWURSKHQ²XQG HV HQWEUHQQW GHU .$03) ,0 021'*(+,51 'LH+DXSWSHUVRQHQGHV5RPDQV $WODQ²'HU /RUGDGPLUDO VFKLFNW HLQH 7UXSSH VLJDQHVLVFKHU 8626SH]LDOLVWHQ LQ GHQ(LQVDW] 2EHUVW/HP\'DQJHU²(LQEHUKPWHU.lPSIHUYRQ6LJD &RUWR 3DGLOOR ,PVFK 3\FR XQG .DODVV 2WULQRW²/HP\ 'DQJHUV %HJOHLWHU 2FKR6DUGHHFH²(LQ2SIHU1DWKDQV &DFKDR%DQHHF².RPPDQGDQWGHU7,7$1, :HUQLFKWEHUHLWLVW]XVWHUEHQGHUZLUGQLHPDOVULFKWLJOHEHQ 'HUERODY'H*UD]LD $OV 2FKR 6DUGHHFH PLU LP )UHL]HLWVHNWRU YRQ 4XLQWR&HQWHU EHJHJQHWH ZXWH NHLQHUYRQXQVEHLGHQGDGDVXQVHUHOHW]WH%HJHJQXQJVHLQVROOWH ³+DOOR(]´VDJWH2FKR 6HLQH $XJHQ ODFKWHQ GRFK VHLQ %OLFN VFKZHLIWH EDOG YRQ PHLQHP *HVLFKW ]X GHP2PDKHHVDEPHLQHU)UHXQGLQGLHVLFKEHLPLUXQWHUJHKDNWKDWWH ³+DOOR 2FKR´ VDJWH LFK ZDQGWH PLFK 2PDKHH ]X XQG HUNOlUWH ³0HLQ DOWHU )UHXQG2FKR6DUGHHFH´LFKVDK2FKRDQ³XQGGDVLVW2PDKHH%URDG\´ ³6HKUHUIUHXW´VDJWH2FKRXQGVFKWWHOWHXQVGLH+lQGH'DQQEUDFKWHHUHLQHQ :LW] YRU GHU HLJHQWOLFK VFKRQ DOV 8UDOW.DODXHU DQJHVHKHQ ZHUGHQ PXWH ³6LQG 6LH DXFK6LJDQHVLQPHLQ)UlXOHLQ"´ $OVREMHPDQGGHUQLFKWJU|HUDOVVHFK]HKQ=HQWLPHWHUZDUYRQHLQHUDQGHUHQ :HOWVWDPPHQN|QQWHDOVYRQ6LJD 2PDKHHHUZLHVVLFKDOVVFKODJIHUWLJ
.DPSILP0RQGJHKLUQ
M
$WODQ
6LHOlFKHOWHPHLQHQ)UHXQGXQVFKXOGLJDQXQGDQWZRUWHWH ³1HLQPHLQ+HUULFKELQHLQHN|USHUOLFK]XUFNJHEOLHEHQH(UWUXVHULQ´ :RUDXIZLUDOOHGUHLLQKRPHULVFKHV*HOlFKWHUDXVEUDFKHQ $OVZLUXQVHLQLJHUPDHQEHUXKLJWXQGGLH7UlQHQYRQXQVHUHQ:DQJHQJHWXSIW KDWWHQNDPHQZLUDXIGDV7KHPDGDV]XU=HLWDOOH8626SH]LDOLVWHQEHVFKlIWLJWH $XIGDVEUDQGKHLH7KHPDQDPHQV1DWKDQ :LUDOOHZDUHQPHKURGHUZHQLJHUJHQDXEHUGLH+DOEZDKUKHLWHQLQIRUPLHUWGLH LQ4XLQWR&HQWHUNXUVLHUWHQ2IIL]LHOOZXUGHXQVQXUVHKUZHQLJPLWJHWHLOW6RZXWHQZLU HLJHQWOLFK QXU GD GXUFK GDV 9HUVFKXOGHQ GHU OXQDUHQ ,QSRWURQLN 1DWKDQ PHKUHUH EHJUHQ]WH .DWDVWURSKHQ HLQJHWUHWHQ ZDUHQ XQG GD²ZHQLJVWHQV YRUEHUJHKHQG²GLH 0HKUKHLWGHU6RODULHUJHIRUGHUWKDWWHGHQ(UGPRQGPLWVDPW1DWKDQ]XYHUQLFKWHQ 'DVZDUQDWUOLFKHLQY|OOLJXQYHUQQIWLJHU:XQVFKJHZHVHQ²XQG3HUU\5KRGDQ KDWWHLKQ]XUFNJHZLHVHQ.XU]GDQDFKVROOWHVLFKGLH$UEHLWGHV*LJDQWJHKLUQVZLHGHU QRUPDOLVLHUWKDEHQ $EHU 8626SH]LDOLVWHQ ODVVHQ VLFK GXUFK VROFKH %HUXKLJXQJVSLOOHQ QLFKW WlXVFKHQ6RODQJHGLH8UVDFKHQLFKWHUPLWWHOWXQGEHVHLWLJWZDUNRQQWHHVMHGHU]HLW]X QHXHQ.DWDVWURSKHQNRPPHQ 'DUXP EHVFKlIWLJWH XQV GDV 7KHPD REZRKO ZLU QLFKW XQPLWWHOEDU GDPLW NRQIURQWLHUWZXUGHQ:LU2FKR2PDKHHXQGLFKJHK|UWHQ]XGHUVWlQGLJLQGHU862 (LQVDW]]HQWUDOH DQZHVHQGHQ 6LJDQHVHQ7UXSSH GLH XQWHU GHP .RPPDQGR GHV (UWUXVHUIUHXQGHV/HP\'DQJHUVWDQG :LU KDWWHQ PLW 9RUJlQJHQ LP 6ROV\VWHP QLFKWV ]X VFKDIIHQ 'LH 6RODUH $EZHKU XQWHUGHU5HJLHGHV+DOEPXWDQWHQ$OODQ'0HUFDQWHQWOHGLJWHVLFKHYHQWXHOOHULQWHUQHU 6FKZLHULJNHLWHQPLWGHUOLQNHQ+DQG²XQGRKQHKLQ]XVHKHQ ³'DUILFKHXFK]XHLQHP'ULQNHLQODGHQ"´HUNXQGLJWHVLFK2FKR6DUGHHFH ,FKJULQVWH 2FKRZDUGDIUEHNDQQWVLFKQDFK.UlIWHQYRUDOOHQ*HOGDXVJDEHQ]XGUFNHQ 0DQ PXQNHOWH GDUDQ ZlUHQ LUJHQGZHOFKH WHUUDQRVFKRWWLVFKH 9RUIDKUHQ VFKXOG HLQ 0HQVFKHQVFKODJ GHU VLFK ODQJH =HLW JHJHQ GHQ .DXI YRQ .KOVFKUlQNHQ JHVWUlXEW KDEHQVROOWHZHLOPDQYRQDXHQQLFKWHUNDQQWHREGDV/LFKWGDULQDXVJLQJZHQQPDQ GLH7UVFKOR :HQQ2FKRDOVRHWZDVVSHQGLHUWHGDQQQXUPLW+LQWHUJHGDQNHQ ³,FK EULQJH GLFK XP ZHQQ GX DXFK QXU YHUVXFKVW GLFK DQ 2PDKHH KHUDQ]XPDFKHQ DOWHU 6FKZHUHQ|WHU´ HUNOlUWH LFK VFKHU]KDIWGURKHQG ³(LQHQ 'ULQN GDUIVWGXXQVDOOHUGLQJVWURW]GHPVSHQGLHUHQ´ 2FKR6DUGHHFHPDFKWHHLQVDXUHV*HVLFKW]XFNWHGLH6FKXOWHUQXQGHQWJHJQHWH ³:DV GX LPPHU JOHLFK GHQNVW ,FK IUHXH PLFK GLFK ZLHGHU]XVHKHQ GHVKDOE ZLOO LFKHLQHQDXVJHEHQ´ ,FKQLFNWH ³'DQQ QXU ]X 'RUW KLQWHQ LVW HLQH JHPWOLFKH NOHLQH %DU ZR PDQ GHQ 6FKQDSV LP*ODVQLFKWQXUULHFKHQVRQGHUQDXFKVHKHQNDQQ´ (UODFKWH :LUVFKOHQGHUWHQDP8IHUHLQHVPDWWVFKZDSSHQGHQ6HHVHQWODQJXQGEHVWLHJHQ GDQQGLHJHZ|OEWH%UFNHEHUHLQHQNODUHQ%DFK'DV*XWHDQGHUUHODWLYHQ.OHLQKHLW YRQ XQV 6LJDQHVHQ ZDU GD DOOH (LQULFKWXQJHQ XQVHUHU JLJDQWLVFKHQ WHUUDQLVFKHQ 9HUZDQGWHQXQVIDVWLPPHUPHKUDOVDXVUHLFKHQG3ODW]ERWHQ
.DPSILP0RQGJHKLUQ
M
$WODQ
6R ZDU GDV VLJDQHVLVFKH )UHL]HLW]HQWUXP YRQ 4XLQWR&HQWHU IU HLQHQ GHU WHUUDQLVFKHQ 7|OSHO QLFKW YLHO JU|HU DOV EHLVSLHOVZHLVH VHLQH :RKQ]HOOHZHQQ HU HLQ K|KHUHU2IIL]LHUZDUDEHUIUHLQHQ6LJDQHVHQZDUHVVRULHVLJZLHGHU(UKROXQJVSDUN HLQHU6WDGWDXIVHLQHU+HLPDWZHOW $OVZLUGLH%DUEHWUDWHQVFKOXJHQGLH:RJHQDXIUHL]HQGHUHOHNWURQLVFKHU0XVLN EHUXQV]XVDPPHQ ³3XK´PDFKWH2PDKHH6LHZDUVRHWZDVQLFKWJHZ|KQW ,FKWlWVFKHOWHLKUHQ5FNHQXQGVFKULHXPGHQ/lUP]XEHUW|QHQ ³(V HULQQHUW PLFK DQ GLH +LQULFKWXQJV]HUHPRQLH HLQHV 3ULPLWLYVWDPUQHV DXI &]DHUJRZXQG HV ZUGH PLFK QLFKW ZXQGHUQ ZHQQ PDQ XQV KLHU GHQ 7UDXP GHV 9HUJHVVHQVVHUYLHUHQZUGH´ 2FKR 6DUGHHFH ODFKWH ]XP OHW]WHQPDO (U GUlQJWH ]X HLQHP IUHLHQ 6HNWRU GHU SRVLWURQLVFKHQ%DUXQGWDVWHWHGUHLNODUH6FKQlSVH²XQJHIlKUGDV%LOOLJVWHZDVPDQLQ GLHVHU%DUHUKLHOW6RZDUHUHEHQ ³3URVW´VDJWHHUXQGNLSSWHVHLQHQ'ULQN 2FKR KDWWH QXQ HLQPDO GLHVH $QJHZRKQKHLW ,FK PRFKWH VLH QLFKW²ELV DXI GLHVPDODOVVLHPLUXQG2PDKHH%URDG\GDV/HEHQUHWWHWH %HYRU ZLU HEHQIDOOV WULQNHQ NRQQWHQ YHU]HUUWH VLFK 2FKRV *HVLFKW ]X HLQHU *ULPDVVHGHU7RGHVDQJVWXQGGHV(QWVHW]HQV 2PDKHHXQGLFKILQJHQGHQ.DPHUDGHQDQGHQ6FKXOWHUQDXI $EHUGDZDUHUEHUHLWVWRW =ZDQ]LJ 0LQXWHQ VSlWHU VDJWH GHU &DSWDLQ GHU .ULPLQDOLVWLVFKHQ (LQVDW]JUXSSH IU6LJDQHVHQDXI4XLQWR&HQWHU]XPLU ³'LH7RGHVXUVDFKHZXUGHHLQZDQGIUHLIHVWJHVWHOOW0DMRU3DGLOOR0DMRU6DUGHHFH VWDUE DQ HLQHU 'RVLV 3UROHWDO\Q GLH DXVJHUHLFKW KlWWH GUHLWDXVHQG 7HUUDQHU ]X YHUJLIWHQ´ ³$EHU ZLH LVW GDV P|JOLFK"´ HUNXQGLJWH LFK PLFK HUVFKWWHUW ³:LH NRPPW 3UROHWDO\Q LQ GLH $XVVFKDQN$XWRPDWLN HLQHU %DU²QRFK GD]X ZHQQ GLHVH %DU VLFK LQ GHUJHKHLPHQ862=HQWUDOHEHILQGHW"´ 'HU&DSWDLQVHXI]WH ³'DV IUDJH LFK PLFK DXFK´ (U ZXUGH HUQVW XQG ]RJ PLFK EHLVHLWH VR GD QLHPDQGXQVHU*HVSUlFKPLWDQK|UHQNRQQWH³:LHLFKK|UWHVWLHHQ6LHNXU]YRU0DMRU 6DUGHHFHV7RGHLQH'URKXQJJHJHQLKQDXV6LU"´ 0HLQ.|USHUYHUVWHLIWHVLFK ³8QVLQQ´ ³6LHVDJWHQZ|UWOLFK,FKEULQJHGLFKXP´0DMRU6WLPPWGDV"´ -HW]WHULQQHUWHLFKPLFK :HQQ GLH (ULQQHUXQJ DQ GHQ 7RG PHLQHV )UHXQGHV QLFKW VR IULVFK JHZHVHQ ZlUHKlWWHLFKYHUPXWOLFKJHODFKWDEHUVRVFKWWHOWHLFKQXUPGHXQGWUDXULJGHQ.RSI XQGNOlUWHGHQ6DFKYHUKDOWPLWZHQLJHQ:RUWHQDXI 'HU&DSWDLQQLFNWH ³'DQNH0DMRU´PHLQWHHU³1DWUOLFKYHUGlFKWLJHLFK6LHQLFKWGHQQ6LHNRQQWHQ GHU7lWHUXQP|JOLFKVHLQDEHUGHUEHZXWHQ=HXJHQDXVVDJHPXHLQHHQWVSUHFKHQGH (UNOlUXQJJHJHQEHUJHVWHOOWZHUGHQ(LQHUHLQH)RUPVDFKHZHLWHUQLFKWV´ (U EOLFNWH DXI DOV VLFK GLH 7U |IIQHWH XQG HLQHU VHLQHU 0LWDUEHLWHU GLH YHU|GHWH %DUEHWUDWGDQQJLQJHULKPHQWJHJHQXQGWXVFKHOWHHLQH:HLOHPLWLKP
.DPSILP0RQGJHKLUQ
M
$WODQ
$OVHU]XPLU]XUFNNDPZLUNWHHUVHKUQDFKGHQNOLFK ³'HU 6FKQDSV VWDPPW DXV HLQHU IU GHQ (LVSODQHWHQ 6RRJHQRRQ EHVWLPPWHQ /LHIHUXQJ GLH LUJHQGZLH IHKOJHOHLWHW ZXUGH 8QVHU 0DJD]LQYHUZDOWHU KDW VLH lXHUVW SUHLVZHUWDQJHNDXIW´ ³3UHLVZHUW ,VW HLQ 7RWHU QLFKW HLQ ]X KRKHU 3UHLV IU HLQH /LHIHUXQJ ELOOLJHQ 6FKQDSV"´IUDJWHLFK]RUQLJ 'HU&DSWDLQVHXI]WHDEHUPDOV ³'DVWLPPHLFK,KQHQYROOXQGJDQ]]X6LU´6HLQH6WLPPHVHQNWHVLFK]XHLQHP KHLVHUHQ)OVWHUQVRGD2PDKHHGLHLQ7UQlKHDXIPLFKZDUWHWHQLFKWVYHUVWHKHQ NRQQWH³$EHUPHQVFKOLFKH6FKXOGOLHJWRIIHQEDUQLFKWYRU(VVFKHLQWDOVREGHUJLIWLJH 6FKQDSV]XGHQ)HKOOHLVWXQJHQYRQ1DWKDQJHK|UW´ 0LUZXUGHNDOW ³+RIIHQWOLFKKDEHQVLFKQLFKWQRFKPHKU0HQVFKHQYHUJLIWHW´VDJWHLFK ³'DVJODXEHLFKQLFKW´HUZLGHUWHGHU8QWHUVXFKXQJVEHDPWH³'DGHU6FKQDSVVR ELOOLJZDUKLHOWHQLKQZRKOGLHPHLVWHQ0HQVFKHQIU)XVHOXQGPLHGHQLKQ´ :LU EOLFNWHQ XQV VWXPP DQXQG XQVHUH %OLFNH VDJWHQ XQV JHQXJ :lUH PHLQ )UHXQGQLFKWHLQGHUDUWLJHU*HL]NUDJHQJHZHVHQZUGHHUQRFKOHEHQ ³&RUWR´IOVWHUWH2PDKHH ,FKZDQGWHPLFKXPXQGOlFKHOWHUQHLQHU)UHXQGLQEHUXKLJHQG]XXQGHLQZHQLJ GDQNEDUZHLOVLHPHLQHQULFKWLJHQ9RUQDPHQ&RUWRYHUZDQGWHXQGPLFKQLFKW(]RGHU (]HFKLHO QDQQWH ZLH PHLQH PHLVWHQ )UHXQGH 9HUOHXPGHU EHKDXSWHWHQ LFK ZUGH PLW 9RUOLHEH8QJOFNSURSKH]HLHQZDVDOOHUGLQJVQLFKWGHU:DKUKHLWHQWVSUDFK,FKVWHOOWH K|FKVWHQV9HUPXWXQJHQDQGLHKLQXQGZLHGHUHLQWUDIHQ ³%UDXFKHQ6LHPLFKQRFK"´IUDJWHLFKGHQ&DSWDLQ ³1HLQ6LUYRUOlXILJQLFKW´ ,FK YHUDEVFKLHGHWH PLFK XQG YHUOLH PLW 2PDKHH ]XVDPPHQ GHQ 2UW DQ GHP PHLQ)UHXQG2FKRHLQHQVFKQHOOHQ7RGJHVWRUEHQZDU :LU VXFKWHQ XQV HLQH %DQN XQG VWDUUWHQ LQ GDV :DVVHU GHV 6HHV YRU XQVHUHQ )HQ :LU VFKZLHJHQ GHQQ ZLU EUDXFKWHQ =HLW XP GDV VFKUHFNOLFKH (UOHEQLV JHLVWLJ XQGVHHOLVFK]XYHUDUEHLWHQ /HLGHUHUKLHOWHQZLUGLHVH=HLWQLFKW $OV PHLQ $UPEDQGJHUlW VXPPWH ZLQNHOWH LFK GHQ $UP DQ GUFNWH GHQ $NWLYLHUXQJVNQRSIHLQXQGPHOGHWHPLFKYRUVFKULIWVPlLJ $XI GHP NOHLQHQ %LOGVFKLUP HUVFKLHQ GDV YHUWUDXWH *HVLFKW YRQ 2EHUVW /HP\ 'DQJHU ,UJHQGZR LQ PHLQHP *HKLUQ VFKOXJ HLQH $ODUPJORFNH DQ (V ZDU QLFKW QXU ZHLO GHU 1DPH 'DQJHQ Z|UWOLFK VRYLHO ZLH ³*HIDKU´ KLH VRQGHUQ DXFK LP EHUWUDJHQHQ 6LQQH :HU VLFK EHL 2EHUVW 'DQJHU PHOGHQ PXWH GHP VWDQG QRUPDOHUZHLVH HLQH JHIlKUOLFKH0LVVLRQEHYRU 'HU&RPPDQGHUXQVHUHU6LJDQHVHQ7UXSSHVFKLHQPHLQH*HGDQNHQ]XHUUDWHQ GHQQHUOlFKHOWHKLQWHUJUQGLJXQGVDJWH ³%LWWH NRPPHQ 6LH LQ PHLQH 6XLWH 0DMRU 3DGLOOR (V LVW HLQ JHZLVVHU %HIHKO HLQJHJDQJHQ´ 'DPLWVFKDOWHWHHUDE ,FKVFKQDXIWHlUJHUOLFK ³:DVZDUORV"´HUNXQGLJWHVLFK2PDKHH
.DPSILP0RQGJHKLUQ
M
$WODQ
,FKEHULFKWHWHXQGVFKOR ³6R HLQ *HKHLPQLVNUlPHU ,FK P|FKWH ZLVVHQ ZDV HU VLFK GDEHL JHGDFKW KDW HLQHQJHZLVVHQ%HIHKO´]XHUZlKQHQXQGVRQVWQLFKWV*HQDXVRJXWKlWWHHUVFKZHLJHQ N|QQHQ´ ³9LHOOHLFKWZLOOHUGLUHLQ(UZDUWXQJVHUOHEQLVYHUVFKDIIHQ/LHEOLQJ´ ,FK]RJ2PDKHHKRFKXQGNWHVLHDXIGLH6WLUQ ³,FK EHZXQGHUH GHLQHQ 6FKDUIVLQQ PHLQ 6FKDW] :LU WUHIIHQ XQV QDFK PHLQHU 8QWHUUHGXQJPLW'DQJHUEHLGLUMD"´ 2PDKHHVDKPLFKHUQVWDQ ³,FK ZUGH PLFK IUHXHQ²IDOOV GHU 2EHUVW GLU GLH =HLW GD]X OlW 'DQJHU LVW EHNDQQW GDIU GD HU GLH IU HLQHQ (LQVDW] DXVJHZlKOWHQ /HXWH LQ $WHP KlOW ELV GHU (LQVDW]EHHQGHWLVW´ ³'DQQ WUHIIHQ ZLU XQV HEHQ QDFK GHLQ (LQVDW]´ HUNOlUWH LFK EHVWLPPW XQG XPDUPWHVLH 'DQDFKUFNWHLFKGHQ:DIIHQJXUW]XUHFKW]XSIWHDQPHLQHP.lSSLXQGJLQJDXI GHQQlFKVWHQ$QWLJUDYVFKDFKW]X
2EHUVW/HP\'DQJHUJHK|UWH]XHLQHUGHUIUKHUHQJURZFKVLJHQ*HQHUDWLRQHQ 6LJDV (U ZDU JHQDX =HQWLPHWHU KRFK²ZRJHJHQ GLH $QJHK|ULJHQ PHLQHU *HQHUDWLRQ.|USHUK|KHQXPVHFK]HKQELVVLHE]HKQ=HQWLPHWHUJURZDUHQ 'LHVH N|USHUOLFKH .OHLQKHLW VW|UWH PLFK QLFKW GHQQ MH NOHLQHU GHVWR ODQJOHELJHU -HGH QHXH *HQHUDWLRQ ZDU XQL HLQ *HULQJHV NOHLQHU DOV LKUH (U]HXJHU²XQG HWZDV ODQJOHELJHU 2EHUVW /HP\ 'DQJHU KDWWH EHUHLWV ]ZHL 'ULWWHO VHLQHU /HEHQVHUZDUWXQJ KLQWHU VLFKGKHUZDUVHFKVKXQGHUWVLHEHQ-DKUHDOW²JOWLJH6RODUWLPHQDWUOLFK :LH JHVDJW ZHGHU IU 'DQJHU QRFK IU PHLQH *HQHUDWLRQ JDE HV 3UREOHPH ZHJHQGHU.|USHUJU|H-HGHQIDOOVZDUPLUQLFKWVGDYRQEHNDQQW$EHU:LVVHQVFKDIWOHU KDWWHQ HUUHFKQHW GD GHU =HLWSXQNW DE]XVHKHQ VHL DQ GHP 6LJDQHVHQ LKU $XVVHKHQ QLFKW HUNDQQWHQ ZHLO NHLQ 6SLHJHO VLH PHKU DE]XELOGHQ YHUPRFKWH ,FK KLHOW GDV IU EORH7KHRULHGHQQLFKNRQQWHPLUQLFKWYRUVWHOOHQGDMHPDQGVRZLQ]LJZDUGDHU ]ZLVFKHQ GHQ 0ROHNOHQ HLQHU 3ODQHWHQREHUIOlFKH KLQGXUFKUXWVFKHQ PWH ZlUH HU QLFKWJOHLFK]HLWLJVROHLFKWGDHUJOHLFKHLQHP*DVEDOORQGXUFKGLH$WPRVSKlUHWULHE /HP\'DQJHUUlXVSHUWHVLFK ,FK VFKUHFNWH DXV PHLQHQ *HGDQNHQ KRFK XQG EOLFNWH LQ GDV YRQ ]DKOORVHQ KDUWHQ (LQVlW]HQ JH]HLFKQHWH *HVLFKW PHLQHV 9RUJHVHW]WHQ 'LH $XJHQ OHXFKWHWHQ GDULQZLH]ZHL6WHUQHXQGGDVVFKZDU]H+DDUZDOOWHELVDXIGLH6FKXOWHUQKHUDE (LQNXU]HV/lFKHOQKXVFKWHEHU'DQJHUV*HVLFKWGDQQVDJWHHU ³6LHKDEHQHLQHQJXWHQ)UHXQGYHUORUHQZLHLFKK|UWH0HLQ%HLOHLG0DMRU´ :LUVFKWWHOWHQXQVGLH+lQGHGDQQIXKUHUIRUW ³6LH VLQG XQWHU DQGHUHP DOV 0LNUR,QVWDOODWHXU DXVJHELOGHW 0DMRU 3DGLOOR 'HVKDOEKDEHLFK6LHIUHLQHQVSH]LHOOHQ(LQVDW]DXVJHZlKOW´ (UPXVWHUWHPLFKODXHUQG ,FK WDW LKP QLFKW GHQ *HIDOOHQ 1HXJLHU ]X ]HLJHQ VRQGHUQ OHKQWH PLFK PLW YHUVFKUlQNWHQ$UHQHQLQPHLQHQ6HVVHO]XUFN
.DPSILP0RQGJHKLUQ
M
$WODQ
9LHOOHLFKW HQWWlXVFKWH HV XQVHUHQ &RPPDQGHU DEHU HU OLH HV VLFK QLFKW DQPHUNHQ ³1XQ JXW´ IXKU HU IRUW ³(V KDQGHOW VLFK XP GLH UlWVHOKDIWHQ 9HUVDJHU 1DWKDQV GXUFKGLHJURHU6FKDGHQDQJHULFKWHWZXUGH'LH,PSHULXPV5HJLHUXQJZDJWQLFKWGLH OXQDUH,QSRWURQLNIUOHEHQVZLFKWLJH%HUHFKQXQJHQHLQ]XVHW]HQ=XJURLVWGLH*HIDKU GDJDQ]H9|ONHU.DWDVWURSKHQ]XP2SIHUIDOOHQN|QQWHQ´ (U PDFKWH HLQH NXU]H 3DXVH XQG IDOWHWH GLH +lQGH DXI GHU 7LVFKSODWWH 6HLQH )LQJHUNQ|FKHO ZXUGHQ IDVW ZHL XQG VWDFKHQ JHJHQ GLH QRUPDOH OLQGJUQH )DUEH GHU +DXWDE ³'HU /RUGDGPLUDO EHILQGHW VLFK LP 6ROV\VWHP (U KDW 5KRGDQ DQJHERWHQ VHLQH VLJDQHVLVFKHQ 6SH]LDOLVWHQ HLQ]XVHW]HQ XP LQQHUKDOE 1DWKDQV QDFK GHP 5HFKWHQ ]X VHKHQ'LH6RODUH$EZHKUYHUIJWEHNDQQWOLFKEHUNHLQ6LJD.RUSV´ ,FKQLFNWH ³8QG GDV REZRKO HLQ 0DQQ ZLH $OODQ ' 0HUFDQW GLH 6RO$E OHLWHW 'DV OlW HLJHQWOLFKQXUGHQ6FKOX]XGDVHOEVWGHUEHVWH0DQQVHLQHORFNHUHQ6FKUlXEFKHQ KDW´ ³:HUGHQ6LHQLFKWXQYHUVFKlPW0DMRU´VDJWH'DQJHUUXKLJ ³:ROOHQ6LHPLUGDV'HQNHQYHUELHWHQ6LU"´ 'HU2EHUVWJULQVWH ³6HOEVWYHUVWlQGOLFKQLFKW0DMRU3DGLOORDEHUPDQPXMDQLFKWMHGHQ*HGDQNHQ lXHUQ DXFK ZHQQ HU VLFK I|UPOLFK DXIGUlQJW²$OVR XP ]X ,KUHP (LQVDW] ]XUFN]XNRPPHQ´ ,FKKREGLH+DQG ³(LQHQ0RPHQW6LU:LVVHQ6LHZLHJUR1DWKDQLVW"´ ³+P XQJHIlKU VFKRQ REZRKO PLU GLH *U|H VRQGHUEDUHUZHLVH QLFKW DOV GUHLGLPHQVLRQDOHU:HUWEHUPLWWHOWZXUGHVRQGHUQQXUDOV)OlFKHQDXVGHKQXQJ1DWKDQ LVWDXIHLQH)OlFKHYRQ]ZHLXQGYLHU]LJ4XDGUDWNLORPHWHUYHUWHLOW,FKVFKlW]HMHGH(WDJH DXI HLQH +|KH YRQ VHFKV 0HWHUQ ZRGXUFK ZLU HLQ 9ROXPHQ YRQ ]ZHLKXQGHUW]ZHLXQGIQI]LJ.XELNNLORPHWHUQDQQHKPHQPWHQ´ ,FKOlFKHOWHLURQLVFK ³'LH JHVDPWH %HY|ONHUXQJ GHV 3ODQHWHQ 6LJD N|QQWH VLFK GRUW YHUVWHFNHQXQG ]ZDUHUIROJUHLFK6LU:DVVROOGDVFKRQHLQHLQ]HOQHU0DQQZLHLFKDXVULFKWHQ"´ ³6LHZHUGHQGUHL%HJOHLWHUHUKDOWHQ0DMRU´HUNOlUWH/HP\'DQJHUWURFNHQ³XQG HLQHUGDYRQZHUGHLFKVHLQ´ (UKREGHQ=HLJHILQJHU ³'DLFKVRJDUVROFKHWFKWLJHQHUWUXVLVFKHQ6SH]LDOLVWHQZLH0HOEDU.DVRPVHOLJ LQGLH7DVFKHJHVWHFNWKDEHGUIWHLFKGDV0LQXVZRKODXVJOHLFKHQ´ ³,PZ|UWOLFKHQRGHUEHUWUDJHQHQ6LQQ6LU"´IUDJWHLFK $EHUHLQ0DQQZLH/HP\'DQJHUOLHVLFKQLFKWVROHLFKWDXVGHU5XKHEULQJHQ (U JULQVWH QXU YHUVWRKOHQ XQG EHIDKO PLU GLH YRUEHUHLWHWH 3DUDPHFK+\SQRVFKXOXQJV .DELQHDXI]XVXFKHQXQGPLFKDXIGHQ(LQVDW]WULPPHQ]XODVVHQ 'DVWDWLFKDXFK $OVLFKGLH3+.DELQHDQGHUWKDOE6WXQGHQVSlWHUYHUOLHZDUPHLQRUJDQLVFKHU *HGlFKWQLVVSHLFKHU XP HLQH 0HQJH (ULQQHUXQJHQ EHUHLFKHUW ZRUGHQ 'DV PHLVWH GDYRQODJVWLOOXQGZUGHHUVWDNWLYZHUGHQZHQQLFKHVEHQ|WLJWHDEHUGHU7HLOGHUDQ GHU 2EHUIOlFKH PHLQHV %HZXWVHLQV KHUXPJHLVWHUWH JHQJWH PLU Y|OOLJ IU GLH
.DPSILP0RQGJHKLUQ
M
$WODQ
KHIWLJVWHQ.RSIVFKPHU]HQGHV0RQDWV 1DFKGHP LFK GUHL 3LOOHQ JHQRPPHQ KDWWH GLH HLQ 7HUUDQHU PLW EORHP $XJH ZRKO NDXP JHVHKHQ KlWWH EHJDE LFK PLFK XQYHU]JOLFK DQ %RUG GHV 6FKQHOOHQ .UHX]HUV*$576 ,Q GHU .RPPDQGR]HQWUDOH WUDI LFK .RPPDQGDQW /DNHPHH 2KPVFKHU XQG /HP\ 'DQJHUVRZLHPHLQHEHLGHQ/HLGHQVJHIlKUWHQ (V KDQGHOWH VLFK XP GHQ .\ERPDWKHORJLNHU &DSWDLQ ,PVFK 3\FR XQG GHQ 3RVLEL0RGHOOLHUHU&DSWDLQ.DODVV2WULQRW *OFNOLFKHUZHLVH EUDXFKWHQ ZLU 6LJDQHVHQ XQV QLFKW ODQJH EHL GHP 5LHVHQ 2KPVFKHU DXI]XKDOWHQ :LH DOOH 5LHVHQ VWU|PWH HU HLQHQ SHQHWUDQWHQ .|USHUJHUXFK DXV XQG VHLQ $WHP µVWDQN ZLH HLQH 7URFNHQODWULQH DXI HLQHU 3ULPLWLYZHOW 1DWUOLFK ZXWHLFKGDQXUZLUNOHLQHQ6LJDQHVHQPLWXQVHUHQ KRFKIHLQHQ6LQQHVRUJDQHQGHQ QRUPDOHQ .|USHUJHUXFK DOV *HVWDQN DXIIDWHQ DEHU GDV lQGHUWH QLFKWV DQ GHU VXEMHNWLYHQ7DWVDFKH 2EHUVW'DQJHUIKUWHXQVLQHLQHQ+DQJDUGHU*$576'RUWVWDQGGDV6FKLIILQ GHPZLUXQVHUHP(LQVDW]HQWJHJHQIOLHJHQVROOWHQ (V KDQGHOWH VLFK XP HLQH ZDO]HQI|UPLJH .RQVWUXNWLRQ PLW GHQ VWRO]HQ $EPHVVXQJHQYRQDFKW0HWHUQ/lQJHXQG0HWHUQ'XUFKPHVVHU$QGHU%RUGZDQG SUDQJWHYLHUPDOGHU1DPH7,7$1, 'LH7,7$1,ZDUGDVZXWHLFKDXVGHU+\SQRVFKXOXQJHLQ(LQVDW]IDKU]HXJPLW XPIDQJUHLFKHQ WHFKQLVFKHQ (LQULFKWXQJHQ ZLH /DERUV :HUNVWlWWHQ 3UIVWlQGHQ XQG DQGHUHQ 'LH GUHLLJN|SILJH %HVDW]XQJ JHK|UWH ]XP VLJDQHVLVFKHQ 862)RUVFKXQJV XQG6LFKHUXQJVNRPPDQGR :LU QDKPHQ DOOHUGLQJV NHLQHQ SHUV|QOLFKHQ .RQWDNW ]X GHQ HLQ]HOQHQ %HVDW]XQJVPLWJOLHGHUQ DXI VRQGHUQ EHVFKUlQNWHQ XQV PLW GHU %HJUXQJ GHV .RPPDQGDQWHQ&DFKDR%DQHHH .XU]GDUDXIVWDUWHWHGHU6FKQHOOH.UHX]HU :lKUHQGGHV)OXJHV]XP6ROV\VWHPYHUWLHIWHQZLUXQVHUH+\SQRVFKXOXQJ $P -XQL ²6RODUWLPH²ODQGHWH GLH *$576 LP %HUHLFK GHV *U]LPHN1DWXUSDUNV DXI /XQD HLQHU .UDWHUODQGVFKDIW GLH VLFK GXUFK EXQWVFKLOOHUQGH 0LQHUDOLHQXQG PHKUHUH *DVJHLVHU DXV]HLFKQHWH ,P *DV GHU *HLVHU OHEWHQ ZLQ]LJH 7LHUH GLH VRJHQDQQWHQ 0RQGIO|KH GLH DOOHUGLQJV PLW ULFKWLJHQ )O|KHQ QLFKWV JHPHLQ KDWWHQ $XHUGHP JDE HV KLHU HLQH KHUYRUUDJHQG JHWDUQWH 6WDWLRQ GHU 6RODUHQ $EZHKU PLW HLQHP 5DXPKDIHQ GHU HLJHQWOLFK HLQ )DKU]HXJ ZDU LQ GDV GLH *$576 DXIJHQRPPHQ XQG GXUFK HLQHQ XUDOWHQ .UDWHUVFKDFKW XQWHU GLH 0RQGREHUIOlFKH WUDQVSRUWLHUWZXUGH 2EHUVW/HP\'DQJHUULHIPHLQHEHLGHQ*HIlKUWHQXQGPLFK]XVLFKXQGVDJWH² ³:LU YLHU ZHUGHQ GDV DQWLTXLHUWH DEHU GRFK IXQNWLRQVIlKLJH 5RKUSRVWV\VWHP /XQDV EHQXW]HQ XP ]X /RUGDGPLUlO $WODQ ]X JHODQJHQ 'LH OXQDUHQ 7UDQVPLWWHU VFKHLGHQDXVVLHZHUGHQGXUFK1DWKDQNRQWUROOLHUW´ *HVDJWJHWDQ :LUNOHWWHUWHQLQHLQHKHUPHWLVFKDEJHGLFKWHWH/HLFKWPHWDOOEFKVHKLHOWHQXQVDQ GHQ SURYLVRULVFK DQJHEUDFKWHQ 3ODVWLNVFKOHLIHQ IHVW XQG OLHHQ XQV GXUFK GDV 5RKUOHLWXQJVV\VWHPVFKLHHQ 'D 5RKUSRVWEFKVHQ QLFKW EHU $QGUXFNDEVRUEHU YHUIJWHQ EHNDP XQV GLHVH
.DPSILP0RQGJHKLUQ
M
$WODQ
%HI|UGHUXQJVDUWJDUQLFKW $OV/RUGDGPLUDO$WODQGHQ9HUVFKOXDEQDKPOlJHQZLUNHXFKHQGLQGHU%FKVH (UVFKWWHWHXQVYRUVLFKWLJDXIHLQ6FKDXPVWRIISROVWHUZDQGWHGHQ.RSI]XU6HLWHXQG IUDJWH ³+DEHQ6LHHUQVWKDIW6FKDGHQHUOLWWHQPHLQH+HUUHQ"´ ³1HLQ 6LU 1XU XQVHUH 9HUGDXXQJVV\VWHPH N|QQWHQ HLQ ZHQLJ 6FKRQXQJ JHEUDXFKHQ´ ,PVFK3\FRVWLHDXIKLHOWVLFKGLH+DQGYRUGHQ0XQGXQGIOVWHUWH ³+RIIHQWOLFKKDWGHU&KHIQLFKWVJHK|UW´ 'RFK/RUGDGPLUDO$WODQKDWWHEHVWLPPWQLFKWVJHK|UWGHQQHUZDUHLQLJH6FKULWWH GXUFK GHQ JLJDQWLVFKHQ 5DXP JHJDQJHQ²XQG NHLQHU YRQ XQV KDWWH VHLQH 6WLPPYHUVWlUNHUDNWLYLHUWJHKDEW $OV$WODQ]XUFNNHKUWHEHIDQGHQVLFK]ZHLZHLWHUH5LHVHQLQVHLQHU%HJOHLWXQJ 1DFKJHQDXHU0XVWHUXQJGHUJURESRULJHQ.UDWHUODQGVFKDIWHQLKUHU*HVLFKWHUHUNDQQWH LFKGHQ*URDGPLQLVWUDWRUGHV6RODUHQ,PSHULXPVXQGGHQ6RO$E&KHI 3HUU\ 5KRGDQ EHXJWH VLFK EHU XQV 6HLQ $WHP URFK DQJHQHKP QDFKIULVFKHP 3IHIIHUPLQ] (LQ 0DQQ ZLH HU QDKP VHOEVWYHUVWlQGOLFK 5FNVLFKW DXI GLH 6HQVLELOLWlW VLJDQHVLVFKHU6LQQHVRUJDQH ³,FK IUHXH PLFK 6LH EHJUHQ ]X GUIHQ´ VDJWH HU UHODWLY OHLVH ³+DOOR 2EHUVW 'DQJHQ³ ³+DOOR 6LU´ VDJWH /HP\ 'DQJHU²PLW HLQJHVFKDOWHWHP 6WLPPYHUVWlUNHU ³ :R EUHQQWGHU6FKXK6LU"´ 5KRGDQODFKWHWURFNHQ ³,PPHU QRFK GHU DOWH :LW]EROG /HP\" 6LQG ,KUH $EVlW]H DXFK GLHVPDO PLW .QDOOHLQODJHQYHUVHKHQ"´ 'DQJHUV*HVLFKWZXUGHGXQNHOJUQ ³6FK|QHV :HWWHU KHXWH QLFKW ZDKU 6LU´ OHQNWH HU DE ³,FK JODXEH ZLU NULHJHQ ZLHGHUHLQHQWURFNHQHQ6RPPHU´ ³:R2EHUVW"´IUDJWH$OODQ'0HUFDQW /RUGDGPLUDO $WODQ UHWWHWH 'DQJHU DXV VHLQHU 9HUOHJHQKHLW LQGHP HU VLFK UlXVSHUWHXQGKDOEODXWIUDJWH ³:DUXP GLHVHV *HSOlQNHO +HUUVFKDIWHQ" (LQH SHLQOLFKH $QJHOHJHQKHLW ZLUG GDGXUFKQLFKWKDUPORVHU´ 'HUVHOWVDPH7RQIDOOGHV$UNRQLGHQPDFKWHPLFKVWXW]LJ,FKEOLFNWH$WODQVFKDUI DQ XQG REZRKO GDV *HVLFKW HLQHV 5LHVHQ IU PLFKEH]LHKXQJVZHLVH IU MHGHQ 6LJDQHVHQ²HKHU HLQHP 5HOLHI DOV HLQHP ULFKWLJHQ *HVLFKW JOHLFKW HUNDQQWH LFK GHQ JURHQ(UQVWGHUVLFKGDULQDXVGUFNWH 2EHUVW/HP\'DQJHUVFKLHQHVHEHQIDOOV]XEHPHUNHQGHQQVHLQH6WLPPHNODQJ EHOHJWDOVHUVDJWH ³6LH YHUEHUJHQ HWZDV YRU XQV /RUGDGPLUDO ,FK ELWWH 6LH XQV UHLQHQ 7HH HLQ]XVFKHQNHQ´ ³:HLQ´ZDUI0HUFDQWHLQ 'DQJHUVFKWWHOWHEHKDUUOLFKGHQ.RSI ³1HLQ0DUVFKDOOZLUWULQNHQLP'LHQVWNHLQHQ$ONRKRO´ 3HUU\5KRGDQVHXI]WH
.DPSILP0RQGJHKLUQ
M
$WODQ
³'DVLHKVWGXHV$WODQ´VDJWHHUEHGUFNW³6LJDQHVHQVLQGGLHOLHEHQVZHUWHVWHQ 9HUWUHWHU GHU *DWWXQJ 0HQVFK GLH LFK PLU YRUVWHOOHQ NDQQ 6LH DWWDFNLHUHQ LKUH 0LWPHQVFKHQQXUPLW:RUWHQ´ 0LU NDP HLQH GXPSIH $KQXQJ GLH LFK VRJOHLFK ZHLW YRQ PLU ZLHV ZHLO GHU *HGDQNHGDUDQDEVFKHXOLFKZDU ³%LWWH K|UHQ 6LH VLFK IROJHQGHQ %HULFKW DQ´ VDJWH /RUGDGPLUDO $WODQ 6HLQH 6WLPPHNODQJDOVNHKUWHHUYRP%HVXFKHLQHVVWHUEHLUGHQ)UHXQGHV]XUFN³(VLVWGHU %HULFKW EHU GHQ (LQVDW] GHV (YROXWLRQV$EVWUDNWHUV 3XUSRVH 'H6WDJODDY HLQHV 0HQVFKHQ GHU PLW +LOIH HLQHU 3RVLWURQLN ]XU :HOW NDUU XQG YRQ HLQHU 3RVLWURQLN JURJH]RJHQZXUGH´ ³$KD´ ZDUI /HP\ 'DQJHU HLQ ³$OVR HLQHV GHU 5RERWHUNLQGHU YRQ 9XUOD 'LH $QJHOHJHQKHLWKDWYRUUXQGGUHLKXQGHUW-lKUHQ]LHPOLFKHV$XIVHKHQHUUHJW´ ³1HLQ´ DQWZRUWHWH¶ GHU /RUGDGPLUDO PDWW ³3XUSRVH 'H6WDJODDY N|QQWH ]ZDU HLQ 9XUODQHUVHLQVWDPPWDEHUQLFKWYRQ9XUOD%LWWHQHKPHQ6LHGHQ%HULFKWLQVLFKDXI´¶ (VNQDFNWHDOVHUHLQH6FKDOWSODWWHQLHGHUGUFNWH hEHU HPHUQ 3URMHNWLRQVJLWWHU ELOGHWH VLFK GLH GUHLGLPHQVLRQDOH IDUELJH 'DUVWHOOXQJHLQHU(LQVDW]UHNRQVWUXNWLRQWHLOZHLVHPLW'RNXPHQWDUDXIQDKPHQYHUPLVFKW (UVWUHDOV HUIXKU LFK GD GDV %LRSODVPD LQQHUKDOE YRQ 1DWKDQ GXUFK GDV GLH HKHPDOV UHLQH 3RVLWURQLN HUVW ]XU ,QSRWURQLN JHZRUGHQ ZDU YRU HLQLJHQ 7DJHQ HLQHQ WHOHSDWKLVFKHQ+LOIHUXIDXVJHVDQGWKDWWH 'HU +LOIHUXI ZDU JOHLFK]HLWLJ YRQ *XFN\ )HOOPHU /O\RG XQG -RKQ 0DUVKDOO HPSIDQJHQZRUGHQ 'DV 3ODVPD GUFNWH LQ VHLQHP +LOIHUXI (UVFK|SIXQJ XQG 4XDO DXV XQG EHKDXSWHWHHWZDVVHLLQLKPXQGPDQLSXOLHUHHVJHJHQVHLQHQ:LOOHQ 'DUDXIKLQ ZDUHQ ]DKOORVH %HUHFKQXQJHQ DQJHVWHOOW ZRUGHQ =XHUVW WDXFKWH QDWUOLFK GLH +\SRWKHVH DXI GLH YLHOHQ 7DXVHQGH YRQ 0LNURURERWHUQ LQQHUKDOE GHU ,QSRWURQLN 1DWKDQ ZlUHQ YRQ 8QEHNDQQWHQ XPSURJUDPPLHUW ZRUGHQ VR GD PDQ VLH VHNXQGlUIU1DWKDQV)HKOOHLVWXQJHQYHUDQWZRUWOLFKPDFKHQPVVH 'LHVH+\SRWKHVHZXUGHYRQGHQ.\EHUQHWLNHUQYHUZRUIHQ´6LHHUNOlUWHQGDGLH 0LNURURERWHU PRQRWHFKQLVFK DQJHOHJW VHLHQ GDV KLH MHGHU ZDU QXU IU HLQHQ JDQ] EHVWLPPWHQHQJEHJUHQ]WHQ$UEHLWVYRUJDQJNRQVWUXLHUWXQGIUVRQVWQLFKWV (LQH NRRUGLQLHUWH +DQGOXQJ DOOHU 0LNURURERWHU XQWHU HLQHU JHPHLQVDPHQ =LHO VWHOOXQJVHLIROJOLFKJDQ]XQP|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lUHQ GD GLH 1DFKIDKUHQ WHUUDQLVFKHQ +HULQJH LQ 6LJDV 0HHUHQ HEHQIDOOV YRQ 5RERWHUQ EH]LHKXQJVZHLVH 3RVLWURQHQJHKLUQHQ DXIJH]RJHQ XQG JHOHLWHW ZXUGHQ XQG VLFK GHQQRFKQLFKWZLH5RERWHUYHUKLHOWHQ $OV GHU %HULFKW HUZlKQWH 3XUS ZUGH QRUPDOHUZHLVH LQ HLQHU (QHUJLHJUXIW DXI
.DPSILP0RQGJHKLUQ
M
$WODQ
7DKXQ NRQVHUYLHUW JHKDOWHQ ZHLO HU LQIROJH HLQHU 'HJHQHUDWLRQVNUDQNKHLW VRQVW LQQHUKDOE YRQ QHXQ]HKQ 7DJHQ VWHUEHQ PWH IDQG LFK PHLQH $QVLFKW EHU GDV 0RQVWUXPEHVWlWLJW ,PPHUKLQ VROOWH GLHVHU 3RVLWURQLN%R\ VWXQGHQODQJ GXUFK GLH (QHUJLHVFKLUPH LQ GLH,QSRWURQLNJHVWDUUWXQGGDEHLZHUWYROOH(UNHQQWQLVVHJHVDPPHOWKDEHQ $EHU DOV /RUGDGPLUDO $WODQ GLH $XI]HLFKQXQJ DEVFKDOWHWH XQG %LODQ] ]RJ GD ZXWHLFKGDGLHVHU3XUSHLQKLQWHUKlOWLJHU7HXIHOVHLQPXWH 'HQQ $WODQ EHKDXSWHWH GRFK WDWVlFKOLFK DXV 3XUSV %HREDFKWXQJHQ ]X GHP 6FKOX JHNRPPHQ ]X VHLQ GD GLH 0DQLSXOLHUXQJHQ LQQHUKDOE 1DWKDQV QXU YRQ 6LJDQHVHQYRUJHQRPPHQZRUGHQVHLQN|QQWHQ 8QGVRHWZDVZDUVFKOHFKWHUGLQJVXQP|JOLFK
:lKUHQG 3\FR 2WULQRW XQG LFK GHQ $UNRQLGHQ QXU IDVVXQJVORV DQVWDUUWHQ XQG YRU(PS|UXQJNHLQHQ7RQKHUDXVEUDFKWHQVDJWH/HP\'DQJHUPLWEHEHQGHU6WLPPH ³'DVJLQJHEHQ]XZHLW/RUGDGPLUDO,FKHUZlJHHUQVWKDIWXPPHLQH(QWODVVXQJ QDFK]XVXFKHQ .HLQ 6LJDQHVH ZUGH VLFK ]X GHP 9HUEUHFKHQ KHUJHEHQ GHVVHQ 6LH $QJHK|ULJHXQVHUHV9RONHVEH]LFKWLJHQ´ $WODQKREGLH+DQGGRFK2EHUVW'DQJHUIXKUXQEHUKUWIRUW ³6LH NHQQHQ GHQ DEVROXW YHUELQGOLFKHQ XQG VHKU VWUHQJHQ (KUHQNRGH[ PHLQHV 9RONHV/RUGDGPLUDO(UOlWHLQIDFKNHLQHQ6SLHOUDXPIULUUHJXOlUH+DQGOXQJHQGLHVHU $UWXQG*U|HQRUGQXQJ´ ³,FKZHL´VDJWH$OWDQ³8QGLFKELQVHKUEHWUEWPHLQHQ9HUGDFKWZLHGHUKROHQ ]X PVVHQ :HQQ LFK XQUHFKW KDEH ZHUGH LFK PLFK LQ 7ULYLGHR 6LJD |IIHQWOLFK HQWVFKXOGLJHQXQG´ ³6LHZHUGHQVLFKPLWPLUGXHOOLHUHQPVVHQ6LU´ZDUILFKPLWDOOHU6FKlUIHHLQ 'HU$UNRQLGHKREGLH6FKXOWHUQXQGVHXI]WHEHWUEW ³,FKKDEHGLHVH5HDNWLRQHQYRUDXVJHVHKHQPHLQH+HUUHQ$EHUGDVDOOHVlQGHUW QLFKWVGDUDQGDZLUXQVHUH3IOLFKWWXQPVVHQ,FKZLOOJHQDXZLVVHQZDVLQ1DWKDQ YRUJHKWXQGREVLFKYLHOOHLFKWQRFK6DERWHXUHGDULQDXIKDOWHQ´ ³)UDJHQ 6LH GLH 7HOHSDWKHQ GHV 0XWDQWHQNRUSV /RUGDGPLUDO´ HUNOlUWH /HP\ 'DQJHU ³'DV KDEHQ ZLU DOOHV VFKRQ JHWDQ´ ZDUI 3HUU\ 5KRGDQ HLQ ³.HLQHU XQVHUHU 7HOHSDWKHQHPSIlQJWIUHPGH*HGDQNHQLPSXOVHDXV1DWKDQ(VWXWXQVDOOHQVHKUOHLG GDDXVJHUHFKQHW6LJDQHVHQLQHLQHQE|VHQ9HUGDFKWJHUDWHQVLQGXQGLFKELWWH6LH DOOHV]XWXQXPGLH:DKUKHLWKHUDXV]XILQGHQ´ 'DQJHUQLFNWH ³'DVZHUGHQZLU6LU´ ³,FKELQEHU]HXJW6LHXQG,KUHGUHL%HJOHLWHUVLQGGLHULFKWLJH7UXSSHXPVHKU EDOGNODUH(UJHEQLVVH]XHU]LHOHQ´EHPHUNWH$OODQ'0HUFDQW³(VHLOWQlPOLFK2KQH 1DWKDQV DNWLYH 0LWDUEHLW HUOHLGHW GLH :LUWVFKDIW GHV 6RODUHQ ,PSHULXPV JURHQ 6FKDGHQXQGGDV$XVPDGHU6FKlGHQYHUJU|HUWVLFKYRQ7DJ]X7DJ'LH9HUOXVWH JHKHQEHUHLWVLQGLH%LOOLDUGHQ6RODU´ 'DVNRQQWHLFKPLUOHEKDIWYRUVWHOOHQ 1RFK VR YLHOH NOHLQHUH 3RVLWURQLNHQ XQG ,QSRWURQLNHQ NRQQWHQ QLHPDOV GLH
.DPSILP0RQGJHKLUQ
M
$WODQ
/HLVWXQJVXQG6SHLFKHUNDSD]LWlWHLQHV*LJDQWJHKLUQHVZLH1DWKDQHUVHW]HQ $OOHV ZDV ]XU =HLW LQ GLHVHU 5LFKWXQJ JHWDQ ZXUGH PXWH GHVKDOE QRWZHQGLJHUZHLVHLPSURYLVDWRULVFKHQ&KDUDNWHUKDEHQZHQQHVQLFKWJDUVWPSHUKDIW ZDU 2EHUVW /HP\ 'DQJHU VSUDFK PLU DXV WLHIVWHU 6HHOH DOV HU VLFK UHFNWH XQG YHUNQGHWH ³:LU ,KUH VLJDQHVLVFKHQ )UHXQGH ZHUGHQ GHV 6RODUH ,PSHULXP UHWWHQ PHLQH +HUUHQ³ /RUGDGPLUDO $WODQ EHGDQNWH VLFK PLW EHZHJWHQ :RUWHQ IU XQVHUHQ (GHOPXW (U ZDU ZLUNOLFK HLQ YRUQHKPHU ZRKOHU]RJHQHU 0HQVFK²WURW] VHLQHU DEQRUPHQ .|USHUJU|H *OFNOLFKHUZHLVHEUDXFKWHQZLUQDFK$EVFKOXGHU%HVSUHFKXQJQLFKWZLHGHULQ GLH 5RKUSRVWEFKVH ]X VWHLJHQ 3HUU\ 5KRGDQ IRUGHUWH 5DV 7VFKXEDL DQ XQG GHU 7HOHSRUWHUEUDFKWHXQVDXIVHLQH:HLVHLQGHQ+DQJDUGHU7,7$1,]XUFN 'DQJHU IRUGHUWH &DFKDR %DQHHF DXI GLH 0DQQVFKDIW LQ GHU *URHQ 0HVVH ]XVDPPHQ]XUXIHQ $OV DOOH YHUVDPPHOW ZDUHQ HQWOHGLJWH HU VLFK VHLQHU VFKZHUHQ 3IOLFKWLKQHQGHQDXIXQVHU9RONJHIDOOHQHQ9HUGDFKWPLW]XWHLOHQ 6WDQGKDIW HUWUXJ HU GLH HPS|UWHQ XQG ]RUQLJHQ =ZLVFKHQUXIH GHU 0DQQVFKDIW XQGDOVHQGOLFK5XKHHLQNHKUWHVDJWHHU ³,FKHPSILQGHQLFKWDQGHUVDOV6LHGHVKDOEZROOHQZLUNHLQH=HLWYHUVlXPHQXQG XQVHUHJDQ]H.UDIWGDIUHLQVHW]HQGLH9HUGlFKWLJXQJHQ]XZLGHUOHJHQ´ 'LHVPDOHUQWHWHHU%HLIDOO $QVFKOLHHQG WUXJ HU LKQHQ GHQ 3ODQ YRU GHU KDXSWVlFKOLFK YRQ $WODQ VWDPPWH XQGLQGHUJHPHLQVDPHQ%HVSUHFKXQJQXUJHULQJIJLJDEJHlQGHUWZRUGHQZDU (V JDE ORJLVFKHUZHLVH ]DKOUHLFKH (LQZlQGH GHQQ GLH $EVLFKW YRUHUVW QXU LQVJHVDPW YLHU 0DQQ LQ GDV JLJDQWLVFKH WHFKQLVFKH /DE\ULQWK 1DWKDQV ]X VFKLFNHQ VFKLHQNHLQHQ(UIROJ]XYHUVSUHFKHQ 'RFK /HP\ 'DQJHU ZLGHUOHJWH GLH (LQZlQGH LQGHP HU NODUPDFKWH GD HLQ V\VWHPDWLVFKHV 'XUFKNlPPHQ 1DWKDQV DXFK YRQ HLQHU JDQ]HQ VLJDQHVLVFKHQ $UPHH QLFKWEHZHUNVWHOOLJWZHUGHQNRQQWH (LQ OFNHQKDIWHV 'XUFKNlPPHQ DEHU KlWWH HQWZHGHU ]X YLHOH 'XUFKVFKOXSI0|JOLFKNHLWHQ IU GLH K\SRWKHWLVFKHQ 6DERWHXUH JHERWHQRGHU DEHU GLHVH ]XU *HJHQZHKU JH]ZXQJHQ XQG GDEHL ZlUHQ +XQGHUWH RGHU JDU 7DXVHQGH YRQ 0HQVFKHQJHW|WHWZRUGHQ 1XU HLQ UHODWLY NOHLQHU .RPPDQGRWUXSS EHVD HLQH &KDQFH GLH 6DERWHXUH YRUDXVJHVHW]W HV JDE VLH WDWVlFKOLFKDXI]XVW|EHUQ LQGHP HU VLH GD]X YHUOHLWHWH GLH SDDU6W|UHQIULHGHEHVHLWLJHQ]XZROOHQ )U GLHVHV .RPPDQGRXQWHUQHKPHQ VHLHQ YLHU 0DQQ EHVRQGHUV TXDOLIL]LHUW H FNOlUWH GHU 2EHUVW QlPOLFK HU VHOEVW XQG GDQDFK PHLQH :HQLJNHLW VRZLH 3\FR XQG 2WULQRW ,FKHPSILQJGLHVHV/REPLWVHKUJHPLVFKWHQ*HIKOHQGHQQPLUZXUGHEHZXW GD PHLQH KRKH 4XDOLILNDWLRQ PLU VHKU OHLFKW HLQHQ 3ODW] DXI GHU (KUHQWDIHO GHU ³LQ SIOLFKWJHWUHXHU'LHQVWDXVEXQJJHVWRUEHQHU8626SH]LDOLVWHQ´HLQEULQJHQNRQQWH 'RFK ZDV KDOI¶V -HPDQG PXWH VLFK IU GLH UHODWLY VFKXW]ORVH $OOJHPHLQKHLW HLQVHW]HQ :LU VWHXHUWHQ GLH 7,7$1 , GXUFK JHKHLPH 6WROOHQ LQ HLQHQ GVWHUHQ 5DXP GHU
.DPSILP0RQGJHKLUQ
M
$WODQ
VLFKLQXQPLWWHOEDUHU1lKHGHUOXQDUHQ+DXSWVFKDOW]HQWUDOHEHIDQG'RUWVHW]WHQZLUGDV 6FKLII DXI GHQ %RGHQ 9RQ QXQ DQ VROOWH HV GHP .RPPDQGRWUXSS DOV YRUJHVFKREHQH (LQVDW]EDVLVGLHQHQ 1DFKGHP ZLU LQ GLH VFKZHUHQ .DPSIDQ]JH JHVWLHJHQ ZDUHQ XQG VRZRKO GLH 5FNHQKXEVFKUDXEHQ DOV DXFK GLH $QWLJUDYIOXJJHUlWH JHFKHFNW KDWWHQ JDE 2EHUVW /HP\'DQJHUXQVOHW]WH$QZHLVXQJHQ ³'RUW KLQWHQ ´ HU GHXWHWH ]X HLQHU :DQG XQVHUHU +DOOH ³ EHILQGHW VLFK GHU (QHUJLHVFKLUP GHQ PDQ XP GLH 1DWKDQ5HJLRQ JHOHJW KDW ,Q JHQDX VLHEHQHLQKDOE 0LQXWHQ ZLUG YRU XQV HLQH 6WUXNWXUOFNH JHVFKDOWHW ZHUGHQ :LU KDEHQ GDQQ ]HKQ 6HNXQGHQ=HLWLQGLH,QSRWURQLNHLQ]XGULQJHQ´ 8QGZLHJHKWHVGDQDFKZHLWHU"´IUDJWH.DODVV2WULQRW ³:LU DUEHLWHQ XQV ]XHUVW ]XP 4XHU SROXQJV6\QFKURQLVDWRU GHV %LR :DFKEHZXWVHLQV YRU´ DQWZRUWHWH 'DQJHU ³'RUW VLQG ]ZHLIHOORV 0DQLSXOLHUXQJHQ HUIROJW´ ³=ZHLIHOORV´ PHLQWH ,PVFK 3\FR ³DEHU GDV EHGHXWHW GRFK DXFK GD VLFK GLH 6DERWHXUH QRFK LQ GLHVHU 5HJLRQ DXIKDOWHQ N|QQWHQ :HQQ ZLU PLW YROODXI JHGUHKWHQ $QWLJUDYVDQJHEUDXVWNRPPHQZHUGHQVLHXQVRUWHQ´ &DSWDLQ2WULQRWOlFKHOWH ³6LHPVVHQMDQLFKWXQEHGLQJWEUDXVHQ,PVFK,FKVFKODJHYRUZLUVFKOHLFKHQ XQVDXIOHLVHQ6RKOHQDQ:DVKDOWHQ6LHGDYRQ2EHUVW'DQJHU"´ /HP\'DQJHUEOLFNWHPLWJHUXQ]HOWHU6WLUQYRQHLQHP]XPDQGHUHQ'DQQVHXI]WH HU ³$OV LFK VR MXQJ ZDU VLH 6LH QDKP PDQ DOOHV YLHO HUQVWHU 'LH KHXWLJH MXQJH *HQHUDWLRQVFKHLQWGDV/HEHQPHKUDOVHLQXQWHUKDOWVDPHV6SLHO]XEHWUDFKWHQ´ ³,VWHVGDVHWZDQLFKW"´IUDJWH.DODVV2WULQRWHUQVWKDIW 'DQJHU ZDUI GHP 3RVLEL0RGHOOLHUHU HLQHQ XQGHILQLHUEDUHQ %OLFN ]X UlXVSHUWH VLFKGDQQYHUQHKPOLFKXQGEHIDKO ³%UHFKHQZLUDXI(VVFKHLQWQXU=HLWYHUJHXGXQJ]XVHLQPLW,KQHQGLVNXWLHUHQ]X ZROOHQ´ (UKREGLH+DQG ³6REDOG ZLU GHQ (QHUJLHVFKLUP KLQWHU XQV KDEHQ JHKHQ ZLU ]X )X MHGHQIDOOV VRODQJHZLHP|JOLFK%LWWHIROJHQ6LHPLU´ /HP\'DQJHUVFKDOWHWHVHLQH+XEVFKUDXEHHLQXQGIORJVXUUHQG]XGHP7RUGDV LQ GHU UHFKWHQ XQWHUHQ (FNH GHU +DOOH ]X VHKHQ ZDU (V KDQGHOWH VLFK XP HLQHQ :DVVHUDEIOXWHUUDQLVFKHU*U|HQRUGQXQJ :LU VFKDOWHWHQ HEHQIDOOV XQVHUH +XEVFKUDXEHQ HLQ XQG IROJWHQ GHP 2EHUVW LQ .HWWHQIRUPDWLRQ $XHUKDOEGHU6FKLIIVKDOOHIKUWH'DQJHUXQVGXUFKGLH5RKUHHLQHU.OLPDDQODJH XQG ZLHGHU LQV )UHLH :LU ODQGHWHQ DXI GHU 4XHUVWDQJH HLQHV *LWWHUV GDV YRQ HLQHP (QGHGHV8QLYHUVXPV]XPDQGHUHQ]XUHLFKHQVFKLHQ ³1RFK HLQH KDOEH 0LQXWH´ WHLOWH /HP\ 'DQJHU XQV PLW ³GDQQ |IIQHW VLFK GLH 6WUXNWXUOFNH´ ³+RIIHQWOLFK´PHLQWH3\FRVNHSWLVFK ,FKEHPHUNWHDXVGHQ$XJHQZLQNHOQHLQHVFKHPHQKDIWH%HZHJXQJ]XU5HFKWHQ XQGZDQGWHGHQ.RSI (LQ 5LHVH LP .DPSIDQ]XJ GHU 6RODUHQ $EZHKU ZDU LQ HWZD ]HKQ 0HWHUQ
.DPSILP0RQGJHKLUQ
M
$WODQ
(QWIHUQXQJ DXIJHWDXFKW²HLQ 7HUUDQHU *OFNOLFKHUZHLVH VDK PDQ DXI GLHVH JURH (QWIHUQXQJQLFKWDOOH+DXWXQUHLQKHLWHQXQG3LFNHOXQGHVJDEDXFKNHLQHQ/XIW]XJGHU GLH.|USHUDXVGQVWXQJHQGHV5LHVHQ]XXQVWUDJHQNRQQWH 'HU*LJDQWHQWEO|WHOlFKHOQGVHLQ*HEL ,FK ZLQNWH K|IOLFK GHQQ ZDV NRQQWH GHU .HUO GDIU GD HU DXI GHU (UGH RGHU HLQHPHUGlKQOLFKHQ3ODQHWHQJHERUHQZDU 'HU7HUUDQHUVFKORGHQ0XQGQLFNWHXQGGUFNWHGHPRQVWUDWLYGHQ'DXPHQ ,P QlFKVWHQ $XJHQEOLFN |IIQHWH VLFK MHQVHLWV GHV *LWWHUV HLQH 6WUXNWXUOFNH LP EHLQDKHXQVLFKWEDUHQ(QHUJLHVFKLUP ,Q UDVFKHU )ROJH IORJHQ ZLU KLQGXUFK²LQ HLQHQ DOSWUDXPKDIWHQ 'VFKXQJHO GHU ,QSRWURQWHFKQLN KLQHLQ 'LH (OHPHQWH 1DWKDQV UDJWHQ JOHLFK :RONHQNUDW]HUQ ULQJV XP XQV HPSRUXQG DOOHV ZDU HUIOOW YRQ GHP *HUXFK QDFK 2]RQ GHP .QLVWHUQ VWDWLVFKHU (QHUJLH GHP 6XPPHQ YRQ )HOGIUHLOHLWHUQ XQG GHP .QDFNHQ GHU 3DUDIHOGNRPPXQLNDWRUHQGLHEHUKDXSWHUVWHLQYHU]|JHUXQJVIUHLHV$UEHLWHQYRQ3RVL XQG,QSRWUDQLNHQHUP|JOLFKWHQ /HP\'DQJHUPDFKWHHLQH+DQGEHZHJXQJXQGZLUODQGHWHQDXIGHP%RGHQZR ZLU XQVHUH +XEVFKUDXEHQ GHVDNWLYLHUWHQ (LQ NXU]HU %OLFN DXI GHQ $UPEDQG,QGLNDWRU ]HLJWH GD GLH 2]RQ%HLPHQJXQJ GHU /XIW JHUDGH QRFK XQJHIlKUOLFK ZDU :LU EUDXFKWHQDOVRQLFKWGLH+HOPH]XVFKOLHHQ 2EHUVW 'DQJHU VFKDOWHWH DQ HLQHP IODFKHQ *HUlW GDV HU DXV GHU 0DJQHWKDOWHUXQJ DQ VHLQHU 6HLWH JH]RJHQ KDWWH GDQQ GHXWHWH HU LQ HLQH EHVWLPPWH 5LFKWXQJ ³'RUWOLHJWGDV46%:6HJPHQW´ (UVFKREGDV*HUlWLQGLH0DJQHWKDOWHUXQJ]XUFNQLFNWHXQVIUHXQGOLFK]XXQG VHW]WHVLFKLQ%HZHJXQJ :LUIROJWHQLKPLQ$EVWlQGHQYRQ]ZDQ]LJ=HQWLPHWHUQVWlQGLJQDFKDOOHQ6HLWHQ VLFKHUQG 'HUODQJH:HJ]XPEHGURKWHQ³+HU]HQ´YRQ1DWKDQKDWWHEHJRQQHQ *HLVWHUKDIW EODXHU 6FKHLQ XPZDEHUWH HLQH +',PSXOV$XIQDKPHNXSSHO (LQ 6WFNGDYRQHQWIHUQWUDVWHQJHOEH/LFKWVWU|PHGXUFKHLQHSHUOZHLH*ODVIDVHUVSLUDOH &DSWDLQ ,PVFK 3\FR VFKRE VLFK HLQHQ .RQ]HQWUDWULHJHO LQ GHQ 0XQG XQG VDJWH NDXHQG ³$OOPlKOLFK IKOH LFK PLFK DOV %HVWDQGWHLO GLHVHU ,QSRWURQLN´ (U JULQVWH ³,FK ELQ VR]XVDJHQµLQ¶´ ³3DVVHQ 6LH OLHEHU DXI ZRKLQ 6LH WUHWHQ´ IXKU /HP\ 'DQJHU GHQ OHEKDIWHQ .\ERPDWKHORJLNHUVFKDUIDQ³1RFK]ZHL6FKULWWUHLQGLHVHU5LFKWXQJ²XQG6LHJHUDWHQ LQGLHhEHUVFKODJV]RQHGHVQlFKVWHQ)UHTXHQ]DXVJOHLFKHUV´ 3\FR VWHOOWH GDV .DXHQ HLQ PXVWHUWH GLH JHIlKUOLFKH 6WHOOH XQG ULHE VLFK GDQQ QHUY|VGDV.LQQ9RUVLFKWLJNHKUWHHUDXIXQVHUH0DUVFKOLQLH]XUFN ³9LHOHQ'DQN6LU´VDJWHHU]X'DQJHU 'HU 2EHUVW JDE HLQHQ .QXUUODXW YRQ VLFK XQG JLQJ ZHLWHU $OV GRUW ZRKLQ 3\FR RKQHVHLQH:DUQXQJJHJDQJHQZlUHHLQJUHOOHU%OLW]DXIVWUDKOWHJHIROJWYRQHLQHPIDVW
.DPSILP0RQGJHKLUQ
M
$WODQ
RKUHQEHWlXEHQGHQ.UDFKHQQLFNWHHUQDFKGUFNOLFK 8QZLOONUOLFK JLQJ LFK DXI HLQ .QLH QLHGHU XQG KRE GHQ /DXI LQHLQHV ,QWHUYDOO'HVLQWHJUDWRUVDQDOVLQGHU1lKHNXU]DXIHLQDQGHUIROJHQGH3ILIIHHUW|QWHQ $EHU GDQQ HQWGHFNWH LFK GLH WXUPKRKH ,QQHQSROPDVFKLQH XQG URFK HUKLW]WH XQG PLW5DXFKGXUFKVHW]WH/XIW²XQGPLUZXUGHNODUGDHVGLHVHV*HUlWZDUDXVGHPGLH 3ILIIHNDPHQ 2IIHQEDUVFKOLIILP,QQHUQHWZDV 6FKRQ VHW]WH LFK ]X HLQHP $EVWHFKHU DQ XP ]X VHKHQ RE LFK GHQ )HKOHU EHKHEHQ NRQQWH EHYRU YLHOOHLFKW GLH NRVWEDUHQ +RZDOJRQLXP6FKOHLISROH GHV *HUlWHV YHUEUDQQWHQGDHUEOLFNWHLFKGHQ5RERWHU (V KDQGHOWH VLFK XP HLQ NHJHOI|UPLJHV *HELOGH GDV XQJHIlKU VR JUR ZDU ZLH LFK DOVR UXQG =HQWLPHWHU 'HU 5RERWHU VFKZHEWH DXI HLQHP GQQHQ $QWLJUDYNLVVHQ ]X GHU ,QQHQSROPDVFKLQH XQG YHUKLHOW YRU HLQHP VFKPDOHQ 6FKOLW] LP 0RQWDJHVRFNHO 'DQQ YHUIRUPWH HU VLFK PLW YHUEOIIHQGHU 6FKQHOOLJNHLW ]X HLQHU $UW UHFKWHFNLJHU KDXFKGQQHU6FKHLEHVFKREVLFKGXUFKGHQ6FKOLW]XQGYHUVFKZDQGGDPLWDXVPHLQHP %OLFNIHOG .XU] GDQDFK K|UWH GDV 3IHLIHQ DXI 'D ZDU LFK DOOHUGLQJV VFKRQ IDVW HLQHQ JDQ]HQ0HWHUZHLWHUJHJDQJHQ (LQHKDOEH6WXQGHVSlWHUEOLHE/HP\'DQJHUVWHKHQXQGKREGLH+DQG :LUKLHOWHQDQ 'DQQK|UWHLFKHVHEHQIDOOV 9RQ OLQNV NDP HLQH )ROJH HLJHQDUWLJHU *HUlXVFKH HLQ ODQJHV 6FKOHLIHQ GDQQ GUHL .ORSIW|QH HLQ =LVFKHQ VLHEHQ ]LUSHQGH /DXWHXQG GDQQ OHLWHWH GDV 6FKOHLIHQ GLH )ROJHDEHUPDOVHLQ ³:DVNDQQGDVVHLQ"´IOVWHUWH,PVFK3\FR ³&RUWRV*URYDWHUYLHOOHLFKW´VDJWH.DODVV2WULQRWWURFNHQ ³0HLQ *URYDWHU KDW DFKWPDO JH]LUSW XQG QLFKW VLHEHQPDO´ JDE LFK IOVWHUQG ]XUFN ³0LW]XQHKPHQGHP$OWHUOlWPDQHEHQQDFK´PHLQWH3\FR 9RQ /HP\ 'DQJHU NDP HLQ /DXW GHU ZLH HUVWLFNWHV 6FKOXFK]HQ NODQJ ,FK YHUPRFKWH PLU DOOHUGLQJV QLFKW YRU]XVWHOOHQ GD GHU 2EHUVW ZHLQWH (V HUVFKLHQ PLU ORJLVFKGDHUNUDPSIKDIWEHPKWZDUVHLQH+HLWHUNHLW]XXQWHUGUFNHQ 'LH*HUlXVFKIROJHEUDFKPLWHLQHPODXWHQ.ORSIWRQDE :LUYHUKLHOWHQXQVUXKLJ 1DWUOLFK ZXWH MHGHU YRQ XQV GD GLH 7|QH ZDKUVFKHLQOLFK YRQ HLQHP GHU ]DKOORVHQ5HSDUDWXUXQG:DUWXQJVURERWHUQNXU]5HZDUWVJHQDQQWJHNRPPHQZDUHQ :LU ZXWHQ DXFK GD HV YHUVFKLHGHQH 7\SHQ JDE GLH IU GLH %HVHLWLJXQJ YRQ )UHPGN|USHUQSURJUDPPLHUWZDUHQ 0|JOLFKHUZHLVHJHK|UWHXQVHU³0XVLNDQW´]XGLHVHP.UHLV $P EHVWHQ ZDU VLFK QLFKW ]X UKUHQ GHQQ ZHQQ HU XQV DOV )UHPGN|USHU LGHQWLIL]LHUWHPXWHQZLUXQV]XHUNHQQHQJHEHQXPQLFKWLQGHQQlFKVWHQ.RQYHUWHU JHZRUIHQ]XZHUGHQ 'HU 5RERWHU DOOHUGLQJV ZUGH XQV LQ HLQHP VROFKHQ )DOO DQ VHLQH =HQWUDOH ZHLWHUPHOGHQ²XQGP|JOLFKHUZHLVHVDHQGRUWHLQLJHGHU6DERWHXUH 'DV6FKOHLIHQVHW]WHDEHUPDOVHLQ,FKDWPHWHDXI
.DPSILP0RQGJHKLUQ
M
$WODQ
1DFK NXU]HU =HLW DEHU PHUNWH LFK GD LFK PLFK ]X IUK JHIUHXW KDWWH 'DV *HUlXVFKZXUGHODXWHUXQGGLH*HUlXVFKTXHOOHVFKLHQVLFKGLUHNWXQVHUHP6WDQGRUW]X QlKHUQ /HP\ 'DQJHU ]RJ VHLQHQ +DQG'HVLQWHJUDWRU DXV GHP *UWHOKDOIWHU EOLFNWH ]X XQVXQG]HLJWHGDQQPLWGHP'DXPHQ]XP%RGHQ 'DV KLH ZLU VROOWHQ GLH 0DVFKLQH VR VFKQHOO ZLH P|JOLFK IXQNWLRQVXQIlKLJ PDFKHQGDPLWVLHXQVHUH$QZHVHQKHLWQLFKWYHUUDWHQNRQQWH /DXWORV HQWVLFKHUWHQ ZLU XQVHUH (QHUJLHZDIIHQ 3\FR XQG 2WULQRW WUXJHQ ZLH LFK ]XVlW]OLFK ]X GHQ *UWHOZDIIHQ ,QWHUYDOO'HVLQWHJUDWRUHQ NQDSS DUPODQJH /HLFKWPHWDOOJHELOGHYRQGHU)RUPVHKUVFKODQNHU6WUDKOWULHEZHUNH7HUUDQHUKDWWHQGLH +RFKOHLVWXQJVZDIIHQPLW³VWlKOHUQHQ6WUHLFKK|O]HUQ´YHUJOLFKHQ 'HU 5HZDUW PDFKWH HV XQV QLFKW OHLFKW (U VWUHFNWH IDGHQGQQH 3ODVWLNWHQWDNHO DXV GHUHQ 6HQVRUHQ MHGHQ *HJHQVWDQG DEWDVWHWHQ ZREHL GLH NORSIHQGHQ 7|QH HQWVWDQGHQ$OOHUGLQJVHUNOlQJHQVLHGLHVPDOKlXILJHUDOVYRUKLQ $OVVLFKGLH7HQWDNHOXQVDXIHWZDHLQHQKDOEHQ0HWHUJHQlKHUWKDWWHQJDE/H\ 'DQJHU GDV =HLFKHQ ]XP $QJULII :LU GXUIWHQ QLFKW ZDUWHQ ELV GLH 6HQVRUHQ XQV DOV )UHPGN|USHULGHQWLIL]LHUWKDWWHQGHQQGDQQKlWWHGHU5HZDUWQRFK=HLWIUHLQH0HOGXQJ DQVHLQH=HQWUDOH 2EHUVW /HP\ 'DQJHU XQG LFK OLHIHQ QDFK UHFKWV 3\FR XQG 2WULQRW QDFK OLQNV %HLQDKH DXJHQEOLFNOLFK VFKQHOOWHQ GLH 7HQWDNHO ]XU 6HLWH XQG ZROOWHQ XQV GHQ :HJ DEVFKQHLGHQ $EHU GLH hEHUOLVWXQJ YRQ 5RERWHUQ DOOHU GHQNEDUHQ 7\SHQ ZDUHQ HLQ IHVWHU %HVWDQGWHLOGHU7ULFNNLVWHMHGHV8626SH]LDOLVWHQ'DVHQWVSUHFKHQGH7UDLQLQJZDUKDUW XQGGHVKDOEXQEHOLHEWDEHUHVZXUGHXQHUELWWOLFKGXUFKJHIKUW :lKUHQG'DQJHUZHLWHUQDFKUHFKWVXQG2WULQRWZHLWHUQDFKOLQNVOLHIHQXQG]ZDU VFKQHOOHUDOV]XYRU²VFKZHQNWHQ3YFRXQGLFKQDFKLQQHQDEXQGQlKHUWHQXQVGHP +DXSWN|USHU GHV 5HZDUWV IURQWDO ,P *HJHQVDW] ]X 'DQJHU XQG 2WULQRW EHZHJWHQ ZLU XQVVRJXWZLHODXWORV 8QG WDWVlFKOLFK OLH GHU 5RERWHU VLFK LUUHIKUHQ ZHQQ DXFK QXU IU GLH 'DXHU YRQZHQLJHQ6HNXQGHQ $OVHUGHQ7ULFNGXUFKVFKDXWHUHDJLHUWHHUVRIRUW²DOOHUGLQJVJDQ]DQGHUVDOVZLU HVXQVYRUJHVWHOOWKDWWHQ (UIKUWHPLWHLQHP7HQWDNHOHLQHQ+LHEQDFKPLUGHUXQEHGLQJWW|GOLFKJHZHVHQ ZlUHKlWWHHUPLFKJHWURIIHQ,FKHQWJLQJLKPQXUGHVKDOEZHLOLFKPLWWHQLPYROOHQ/DXI PHLQHQ$QWLJUDYDNWLYLHUWHXQGGDGXUFKZLHHLQJHZRUIHQHU%DOOGDYRQVHJHOWH ,FK HUKLHOW HLQHQ OHLFKWHQ HOHNWULVFKHQ 6FKODJ DOV LFK EHU HLQ XQGHILQLHUEDUHV *HUlW IORJ GDQQ VDK LFK GHQ 5RERWHU XQG IHXHUWH 'LH LQWHUYDOODUWLJ DEJHVWUDKOWH 'HVLQWHJUDWLRQVHQHUJLH OLH GDV HLKlOIWHQI|UPLJH 0HWDOOSODVWLNJHELOGH DXVHLQDQGHUEU|FNHOQEHYRUHV6FKDGHQDQULFKWHQNRQQWH 1DFKGHPGLH7HQWDNHOHUVWDUUWZlUHQODQGHWHLFKGLFKWQHEHQGHP]HUNUPHOWHQ XQG]HUSXOYHUWHQ5RERWRU.XU]GDUDXIVHW]WHQPHLQH*HIlKUWHQQHEHQPLUDXI ³*XW JHPDFKW 0DMRU 3DGLOOR´ VDJWH /HP\ 'DQJHU ³%LWWH VFKDOWHQ 6LH GLH )OXJDJJUHJDWHZLHGHUDXI1XOO´ ,FKEHIROJWHVHLQHQ%HIHKOGDQQIUDJWHLFK ³+DEHQ6LHEHREDFKWHWZLHGHU5HZDUWUHDJLHUWH2EHUVW'DQJHU"´ /HP\'DQJHUQLFNWH
.DPSILP0RQGJHKLUQ
M
$WODQ
³-D XQG GLHVH 5HDNWLRQ ZDU DEVROXW LUUHJXOlU 'HU 5RERWHU KlWWH DXI HLQHQ )UHPGN|USHU VR UHDJLHUW GD HU LKQ ]XHUVW SUIW XQG GDQQ ]XP QlFKVWHQ .RQYHUWHU WUDQVSRUWLHUW 6WHOOWHUEHLGHU3UIXQJMHGRFKIHVWGDGHU)UHPGN|USHURUJDQLVFKOHEWPXHU XP ,GHQWLIL]LHUXQJ ELWWHQ JOHLFK]HLWLJ VHLQHU =HQWUDOH 0HOGXQJ HUVWDWWHQ XQG GHQ (LQGULQJOLQJ VFKOLPPVWHQIDOOV LQ HLQ )HVVHOIHOG KOOHQ XQG NRPSHWHQWHQ (LQKHLWHQ EHUJHEHQ´ ³6WDWW GHVVHQ´ VDJWH LFK ³KDW HU PLW NODU HUNHQQEDUHU 7|WXQJVDEVLFKW ]XJHVFKODJHQREZRKOHUPLFKDOV/HEHZHVHQLGHQWLIL]LHUWH´ ³:RKHU ZROOHQ 6LH ZLVVHQ GD HU 6LH DOV /HEHZHVHQ LGHQWLIL]LHUWH"´ IUDJWH 2WULQRW³0DQFKPDONRPPHQVRJDUPLUJHZLVVH=ZHLIHO´ ,FKOlFKHOWHLURQLVFK ³1XQZDUXPVROOWHHUZRKODXIHLQHQWRWHQ*HJHQVWDQGHLQVFKODJHQVROOHQ"´ ³0DMRU 3DGLOOR KDW UHFKW´ VWHOOWH /HP\ 'DQJHU IHVW ³,FK QHKPH DQ MHPDQG KDW GLH5HZDUWV²RGHU]XPLQGHVWGLH]XU)UHPGN|USHUEHVHLWLJXQJJHHLJQHWHQ0DVFKLQHQ² VRXPSURJUDPPLHUWGDVLHMHGHVHLQGULQJHQGH/HEHZHVHQW|WHQ´ ³:LVVHQ 6LH ZDV 6LH GD XQDXVJHVSURFKHQ EHKDXSWHW KDEHQ 2EHUVW"´ IUDJWH .DODVV2WULQRWWRQORV ³-D´ 0HKUEUDXFKWH'DQJHUQLFKW]XVDJHQ:LUDOOHZXWHQGDGLH5HSDUDWXUXQG :DUWXQJVURERWHU LP ,QWHUQEHUHLFK YRQ 1DWKDQ 3URGXNWH GHU VLJDQHVLVFKHQ ,QGXVWULH ZDUHQXQG GD HLQH 8PSURJUDPPLHUXQJ QXU YRQ VLJDQHVLVFKHQ )DFKOHXWHQ GXUFKJHIKUWZHUGHQNRQQWH (V HUVFKLHQ PLU XQIDEDU GD 6LJDQHVHQ JHJHQ GHQ (KUHQNRGH[ LKUHV 9RONHV YHUVWLHHQ²LQHLQHU$UWXQG:HLVHYHUVWLHHQGLHVFKZHUVWH,UUHJXODULWlWEHGHXWHWH ³6FKOLPP´VDJWHOPVFK3\FRXQGVHXI]WHWUDXULJ³6HKUVFKOLPP´ ,FK EHPHUNWH ZLH VLFK 'DQJHUV %OLFN IU GLH 'DXHU HLQHV +HU]VFKODJHV WUEWH GDULQ]ZDQJVLFKGHU2EHUVW]XHLQHPGQQHQ/lFKHOQXQGVDJWH ³.RQNUHWDXIXQVEH]RJHQLVWHVDOOHUGLQJVVFKOLPPPHLQH+HUUHQ6SH]LDOLVWHQ :LU PVVHQ IRUWDQ MHGHU]HLW DXI HLQHQ hEHUIDOO JHIDW VHLQ GUIHQ DEHU GLH )HLQVHOLJNHLWHQQLHPDOVYRQXQVDXVHU|IIQHQZHLOZLUVRQVWMHGH0|JOLFKNHLWYHUOLHUHQ XQVGHP46%:6HJPHQW]XQlKHUQRKQHGDGLH6DERWHXUHXQVHQWGHFNHQ´ &DSWDLQ3\FRQLFNWHGDQQNORSIWHHUOHLFKWJHJHQGDV*HUlWGDVHUEHUVHLQHQ $JJUHJDWWRUQLVWHUJHVFKQDOOWKDWWH ³6ROOLFKGHQ$XWRPDWLVFKHQ2NULOO¶ORVODVVHQ6LU"´ 'HU ³$XWRPDWLVFKH 2NULOO´ ZDU HLQ *HUlW GDV GLH ,QIUDURWVSXUHQ YHUJDQJHQHU (UHLJQLVVHVLFKWEDUPDFKHQNRQQWH6HLQH)XQNWLRQVZHLVHEDVLHUWHDXIGHUYRQ2NULOOV MHQHUYRQ0DDUQVWDPPHQGHQXQGDXI2[WRUQHHQWGHFNWHQ7LHUHGLH,QIUDURWVSXUHQYRQ (UHLJQLVVHQDXIVSUHQNRQQWHQGLH-DKUH]XUFNODJHQ 'DV *HUlW KDWWH OHLGHUGLH 9ROONRPPHQKHLW GHU 2NULOOV EHL ZHLWHP QLFKW HUUHLFKW EHVDDEHUGHQ9RUWHLOGDHVPLQLDWXULVLHUWZDUXQGNHLQ)XWWHUEHQ|WLJWH ³(LQYHUVWDQGHQ´DQWZRUWHWH'DQJHU ,PVFK3\FRZLQNWHPLU,FKJLQJKLQXQGVFKQDOOWHLKPGHQ,QIUDURW6SXU]HLFKQHU DE (UQDKPLKQEHKXWVDPHQWJHJHQVWHOOWHLKQDXIGHQ%RGHQXQGGUFNWHPHKUHUH ZLQ]LJH7DVWHQDQGHU6HLWHGHV*HUlWHVGDVHLQHU7HSSLFKNHKUPDVFKLQHlKQHOWH
.DPSILP0RQGJHKLUQ
M
$WODQ
$XIGHU2EHUIOlFKHGHV$XWRPDWLVFKHQ2NULOOVEOLQNWHQUHIOH[KDIWH/LFKWHUDXI(LQ 6WFNZXUGHKHOOXQGHQWSXSSWHVLFKDOV%LOGVFKLUP 3\FR EHWlWLJWH HLQ NOHLQHV )HUQVWHXHUXQJVJHUlW 'HU $XWRPDWLVFKH 2NULOO HUKRE VLFKXPHLQLJH0LOOLPHWHUXQGVFKZHEWHUDVFKGDYRQ(UJOLWWKLHUKLQXQGGDKLQVWLHJDQ )XQNWLRQVEO|FNHQGHU,QSRWURQLNDXIZlUWVVLQNZLHGHUKHUDEXQGNHKUWHVFKOLHOLFK]XP $XVJDQJVSXQNW]XUFN ³1LFKWV´ VDJWH &DSWDLQ 3\FR ³$QGHUQIDOOV KlWWH GHU 2NULOO $ODUP JHJHEHQ =XPLQGHVWKLHULVWQLHPDQGGXUFKJHNRPPHQ´ ³-HGHQIDOOV QLFKW LP =HLWUDXP GHU OHW]WHQ :RFKHQ´ HUZLGHUWH /HP\ 'DQJHU QDFKGHQNOLFK³:LUZHUGHQXQVQlKHUDQGHQ=HOOSODVPD%HWWXQJVVHNWRUKHUDQSLUVFKHQ PVVHQ'RUWVROOWHQZLUHLQH6SXUHQWGHFNHQ´ ³)DOOVHVHLQHJLEW6LU´ZDQGWH&DSWDLQ2WULQRWHLQ 'DQJHUV0LHQHYHUILQVWHUWHVLFK ³,FKELQVLFKHUHVJLEWHLQH´(USUHWHVHNXQGHQODQJGLH/LSSHQIHVW]XVDPPHQ ³:LU EHQXW]HQ GLH +XEVFKUDXEHQ VWRHQ LQ JHULQJHU (QWIHUQXQJ DP =HOOSODVPD%HWWXQJVVHNWRUYRUEHLVFKDOWHQGLH$JJUHJDWHDXVXQGNHKUHQXP'LHOHW]WH 6WUHFNHPDUVFKLHUHQZLU´ (UVDKXQVHLQGULQJOLFKDQ ³%HLP JHULQJVWHQ $Q]HLFKHQ YRQ *HIDKU ZHUGHQ GLH ,QGLYLGXDOVFKLUPH DNWLYLHUW 'DQQVXFKHQZLUP|JOLFKVWHLQ9HUVWHFN$EHUZHQQZLULQGLH(QJHJHWULHEHQZHUGHQ HUZDUWHLFKYROOHQ(LQVDW]´ ³-D6LU´HUNOlUWH,PVFK3\FR (UZXUGHGXQNHOJUQLP*HVLFKWXQGIOVWHUWHVWRFNHQG ³6LULFKELWWHGDUXPDXVWUHWHQ]XGUIHQ´ ³0DFKHQ6LHVFKQHOO´IOVWHUWH/HP\'DQJHU]XUFN³2WULQRW6LHEHJOHLWHQ3\FR XQGKDOWHQ:DFKHGDPLWHUHYHQWXHOOHQ$QJULIIHQQLFKWKLOIORVDXVJHVHW]WLVW´ ³-D6LU´HUZLGHUWH.DODVV2WULQRW 9HUOHJHQ VWROSHUWH HU KLQWHU ,PVFK 3\FR KHU GHU SIHLOVFKQHOO ]ZLVFKHQ ]ZHL 7DFK\RQHQJLWWHUWUPHQ KLQGXUFKOLHI XQG KLQWHU GHP .XEXV HLQHV +\SHULQGXNWLRQV]lKOHUVYHUVFKZDQG /HP\'DQJHUJULQVWHVFKZDFK ³$OOHV P|JOLFKH OHUQHQ VLH DXI GHU 862$NDGHPLH EOR QLFKW ZLH PDQ LP )HLQGJHELHWXQWHU$XVVFKDOWXQJGHUPHLVWHQ*HIDKUHQPRPHQWHGLH+RVHKHUXQWHUOlW´ ,FKVSUWHZLHPLUGDV%OXWLQV*HVLFKWVFKR7KHPHQZLHGLHVHZDUHQIUXQV 6LJDQHVHQWDEX ³:LHN|QQHQ6LH´EHJDQQLFK 'DQJHUZLQNWHDE ³'HU 8QWHUVFKLHG LVW GHU GD LFK NDQQ²XQG &DSWDLQ 3\FR PX 6ROOWH LFK YLHOOHLFKWULVNLHUHQGDHUGDEHLXPJHEUDFKWZLUG0DMRU3DGLOOR"´ ³1DWUOLFKQLFKW6LU´IOVWHUWHLFKYHUOHJHQ :LU]XFNWHQOHLFKW]XVDPPHQDOVXQVHUH7HOHNRPHGDVYHUHLQEDUWH$ODUPVLJQDO YRQ VLFK JDEHQ ,P QlFKVWHQ 0RPHQW VSXUWHWHQ 'DQJHU XQG LFK DXI GHQ +\SHULQGXNWLRQV]lKOHU]X :LU KDWWHQ LKQ QRFK QLFKW JDQ] HUUHLFKW DOV 3\FR XQG 2WULQRW XP GLH (FNH GHV .XEXVNDPHQ.DODVV2WULQRWIHXHUWHPLWVHLQHP,QWHUYDOO'HVLQWHJUDWRUDXIHWZDVGDV LFKQRFKQLFKWVDK.XU]GDUDXIZXUGHHUYRQ&DSWDLQ3\FRXQWHUVWW]W
.DPSILP0RQGJHKLUQ
M
$WODQ
'DQJHUXQGLFKDNWLYLHUWHQXQVHUH6FKXW]VFKLUPHXQG$QWLJUDYJHUlWHXQGVWLHJHQ UDVFK ELV ]XU 2EHUNDQWH GHU 7DFK\RQHQJLWWHUWUPH 9RQ GRUW HUEOLFNWHQ ZLU KLQWHU GHP .XEXV GHV +\SHULQGXNWLRQV]lKOHUV ]ZHL ]HUEU|FNHOWH 5RERWHU XQG HLQHQ QRFK IXQNWLRQVIlKLJHQ $OV GHU OHW]WH 5RERWHU VHLQ )RNXV7HOHVFKZHLJHUlW KRE XP HV DXI XQVHUH *HIlKUWHQ]XULFKWHQVFKRVVHQGHU2EHUVWXQGLFKJOHLFK]HLWLJ 'HU 5RERWHU O|VWH VLFK ELV DXI ZHQLJH 5HVWH LQ JUQOLFK VFKLPPHUQGH :RONHQ PHORNXODUHQ*DVHVDXI ³6RHWZDV´VDJWH,PVFK3\FRDOV'DQJHUXQGLFKQHEHQLKPODQGHWHQ /HP\'DQJHUJLQJQLFKWGDUDXIHLQ ³9HUVFKZLQGHQ ZLU YRQ KLHU´ VDJWH HU ³'HU OHW]WH GLHVHU 5RERWHU KDW EHVWLPPW QRFK HLQH )XQNPHOGXQJ DEJHVHW]W :LU ZHLFKHQ QDFK OLQNV DXV XQG VHW]HQ GRUW ]X XQVHUHP9RUVWRDQ´
8QVHU$XVZHLFKPDQRYHUYHUOLHIWURW]5RERWHUHUIROJUHLFKGLH0LQXWHQVSlWHUDQ GHU6WHOOHHLQWUDIHQZRZLUGUHLLKUHU*HIlKUWHQ]HUVW|UWKDWWHQ 'DV YHUGDQNWHQ ZLU K|FKVWZDKUVFKHLQOLFK GHU 6WUHXVWUDKOXQJ GHU 7DFK\RQHQJLWWHUWUPH GLH LQ GLHVHP 6HNWRU 1DWKDQV EHVRQGHUV VWDUN NRQ]HQWULHUW ZDUHQ ,P 2UWXQJVVFKXW] GLHVHU 6WUHXVWUDKOXQJ IORJHQ ZLU PLW +LOIH GHU $QWLJUDYDJJUHJDWHVFKQHOOGDYRQ$XIGHPLVROLHUWHQ5HVHUYHWDQNHLQHU3XPSVWDWLRQIU +HOLXP ,,, ODQGHWHQ ZLU 5LQJV XP XQV UDJWHQ JHZDOWLJH .RQVWUXNWLRQHQ DXI PDQFKH EHU]ZHL0HWHUKRFKZlKUHQGGHU5HVHUYHWDQNQXUHLQH+|KHYRQYLHU]LJ=HQWLPHWHUQ KDWWH /HP\ 'DQJHU ]RJ ZLHGHU HLQ NOHLQHV *HUlW KHUYRU EHWUDFKWHWH GLH $Q]HLJHQ GDUDXIXQGGHXWHWHGDQQLQHLQHEHVWLPPWH5LFKWXQJ ³'RUW OLHJW GDV 46%:6HJPHQW QHEHQDQ GHU =HOOSODVPD5HWWXQJVVHNWRU 'D]ZLVFKHQ EHILQGHW VLFK GHU %LRSRQEORFN6HNWRU +7 :LU GXUFKHLOHQ GHQ %LRSRQEORFN6HNWRU NHKUHQ XP XQG QHKPHQ XQV GDV 46%:6HJPHQW YRU IDOOV ZLU YRUKHUNHLQHDQGHUH6SXUHQWGHFNHQ´ (UVFKDOWHWHVHLQH+XEVFKUDXEHDQ6HOEVWYHUVWlQGOLFKHUZDUWHWHHUGDZLUHV LKPJOHLFKWDWHQXQGQLFKWHWZDGLH$QWLJUDYIOXJJHUlWHEHQXW]WHQ /DQJVP IORJHQ ZLU LQ GLH DQJHJHEHQH 5LFKWXQJ JLQJHQ WLHIHU XQG VFKZHEWHQ EDOG GDUDXI ZHQLJH =HQWLPHWHU EHU GHP %RGHQ GDKLQ ]ZLVFKHQ GHQ VNXUULOVWHQ *HELOGHQGHU+\SHULQSRWURQWHFKQLNKLQGXUFKGLHLFKMHJHVHKHQKDWWH +LQ XQG ZLHGHU ]HLJWHQ XQVHUH $UPEDQG'HWHNWRUHQ JHEDOOWH HOHNWURVWDWLVFKH 3RWHQWLDOH DQ HOHNWULVFKH )HOGHU GLH JHODGHQH .|USHU XPJDEHQ :LU ZLFKHQ GLHVHQ )HOGHUQDXVQLFKWZHLOVLH XQVJHIlKUOLFKKlWWHQZHUGHQN|QQHQVRQGHUQZHLOZLUVLH YLHOOHLFKWYHUlQGHUWXQGGDPLWLUJHQGZR6FKDGHQKHUYRUJHUXIHQKlWWHQ :LU PXVWHUWHQ GDEHL XQXQWHUEURFKHQ GLH 8PJHEXQJ +LQWHU MHGHP (OHPHQW 1DWKDQV NRQQWHQ *HJQHU ODXHUQ 6DERWHXUH RGHU GLH YRQ LKQHQ XPSURJUDPPLHUWHQ 5RERWHU 'RFK ]X PHLQHP (UVWDXQHQ JHODQJWHQ ZLU Y|OOLJ XQEHKHOOLJW ELV ]XP %LRSRQEORFN6HNWRU+7'RUWODQGHWH2EHUVW'DQJHU²XQGZLUWDWHQHVLKPQDFK
.DPSILP0RQGJHKLUQ
M
$WODQ
,FKEOLFNWHDXINXELVFKH%LRSRQEO|FNHGLHLQJOHLFKHQ$EVWlQGHQKLQWHUHLQDQGHU DXIJHUHLKW ZDUHQ ZLH 3HUOHQ DQ HLQHU 6FKQXU PLW H[DNWHQ 6HLWHQOlQJHQ YRQ VLHEHQXQGVLHE]LJ=HQWLPHWHUQ /LQNV XQG UHFKWV GHU %O|FNH UDJWHQ ZDKUKDIW JLJDQWLVFKH %DXZHUNH HPSRU 5HFKWV ZDU HV GLH JHZDOWLJH VWlKOHUQH .XSSHO PLW GHP +DXSWDQWHLO GHU ELRORJLVFKHQ .RPSRQHQWH 1DWKDQV 6LH UHLFKWH GXUFK GUHL (WDJHQ KLQGXUFK²XQG OLQNV ZDU HV HLQ OLHJHQGHU =\OLQGHU DXV LQHLQDQGHU YHUZREHQHQ XQG YHUVFKDFKWHOWHQ HOHNWURQLVFKHQ (OHPHQWHQ +\SHUVWURPVFKDOWNUHLVHQ 3DUDUDXP5LFKWVWUDKODQWHQQHQ XQG YLHOHQ 7DXVHQGHQYRQ.LORPHWHUQDQ+\SHUVWURPNDEHOQ :DU 1DWKDQ LQ %HWULHE VWHOOWHQ GLH %LRSRQEO|FNH GLH )XQNWLRQVYHUPLWWOXQJ ]ZLVFKHQ GHP %LRSODVPD GHU .XSSHO XQG GHP ³=\OLQGHU´ GHP VRJHQDQQWHQ 4XHUSROXQJV6\QFKURQLVDWRUGHV%LR:DFKEHZXWVHLQVKHU 'HU]HLWIORVVHQNHLQH,PSXOVHGXUFKGLH%LRSRQEO|FNHGHQQGLHOXQDUH,QSRWURQLN ZDUDXI58+(JHVFKDOWHW0DQZROOWHQLFKWULVNLHUHQIDOVFKH'DWHQ]XHUKDOWHQXQGGLH 9HUZLUUXQJLP6RODUHQ,PSHULXPGDGXUFKQRFK]XYHUJU|HUQ 'HQQRFKZDU1DWKDQNHLQHVIDOOV³WRW´ 'LH )XQNWLRQVNUHLVH GHU 6HOEVWHUKDOWXQJVV\VWHPH DUEHLWHWHQ²XQG ]ZDU HLQZDQGIUHL ZLH HV VFKLHQ -HGHU]HLW NRQQWH GHU OHLVWXQJVIlKLJVWH 'LHQHU GHU 0HQVFKKHLWVHLQH$UEHLWZLHGHUDXIQHKPHQ:LUPXWHQQXUVLFKHUVWHOOHQGDHVGDQQ NHLQH3DQQHQPHKUJDE ³/DVVHQ 6LH GHQ $XWRPDWLVFKHQ 2NULOO YRQ GHU .HWWH´ EHIDKO /HP\ 'DQJHU VFKHU]KDIW 7URW]GHV 6FKHU]HV PXVWHUWHQ GLH $XJHQ XQVHUHV 9RUJHVHW]WHQ ZDFKVDP GLH 8PJHEXQJZREHLVLH]ZLVFKHQGXUFKLPPHUZLHGHUDXIGHQ'HWHNWRUXQGGHQ,QGLNDWRU EOLFNWHQ ,FKVFKQDOOWHGHQ,QIUDURW6SXU]HLFKQHUYRQ3\FRV5FNHQWRUQLVWHUXQGVWHOOWHLKQ DXI GHQ %RGHQ ,PVFK 3\FR VFKDOWHWH DQ VHLQHP .RPPDQGRJHUlW XQG GHU $XWRPDWLVFKH 2NULOO VFKZHEWH LQ GHQ =ZLVFKHQUDXP YRQ %LRSRQEO|FNHQ XQG GHQQ ]\OLQGHUI|UPLJHQ HWZD IQI 0HWHU ODQJHQ XQG GUHL 0HWHU GXUFKPHVVHQGHQ 46%:6HJPHQW :LUVWHOOWHQXQVVRGDMHGHUYRQXQVHLQHQHQWVSUHFKHQGHQ7HLOGHU8PJHEXQJ EHREDFKWHWH (V ZUGH ZDKUVFKHLQOLFK ODQJH GDXHUQ ELV GHU ,QIUDURW6SXU]HLFKQHU HWZDVHQWGHFNWH²IDOOVEHUKDXSW ,FKGDFKWHGDUDQGDGHU$XWRPDWLVFKH2NULOOVRHWZDVZLHHLQ=HLWDXJHZDUHLQ )HUQVWHUGXUFKGDVPDQLQGLH9HUJDQJHQKHLWVHKHQNRQQWH $OOHV ZDV LUJHQGZDQQ HLQPDO JHVFKHKHQ ZDU KDWWH XQWHUVFKLHGOLFKH :lUPHVWUDKOXQJHPLWWLHUW'DMHGHEHUGHPDEVROXWHQ1XOOSXQNWOLHJHQGH7HPSHUDWXU DOV:lUPHEH]HLFKQHWZHUGHQNRQQWHXQGLKUH8UVDFKHLQGHQ0|OHNOEHZHJXQJHQGHU 0DWHULHKDWWHVWHOOWHGLHVH:lUPHRGHU,QIUDURWVWUDKOXQJHLQH6SXUYRQDOOHQ.|USHUQ XQG9RUJlQJHQGDUGLHHVMHPDOVJHJHEHQKDWWH 'LHVH ,QIUDURWVSXUHQ EOLHEHQ EHLQDKH XQHQGOLFK ODQJH HUKDOWHQ QXU VFKZlFKWHQ VLHVLFKQDWUOLFKLP/DXIHGHU=HLWPHKUXQGPHKUDEZXUGHQEHUODJHUWXQGWHLOZHLVH YRQDQGHUHQ*HVFKHKQLVVHQYHUIlOVFKW 6R NRQQWH HLQ VWDUNHU :lUPHDXVEUXFK ZLH HU EHLVSLHOVZHLVH GXUFK GLH ([SORVLRQ HLQHV 6SUHQJN|USHUV KHUYRUJHUXIHQ ZXUGH VFKZlFKHUH ,QIUDURWVSXUHQ LQQHUKDOEVHLQHV:LUNXQJVEHUHLFKHVY|OOLJEHUGHFNHQ
.DPSILP0RQGJHKLUQ
M
$WODQ
+LHUJDEHVDOOHUGLQJVNHLQH$Q]HLFKHQVWDUNHU:lUPHDXVEUFKH ,FKIXKUKHUXPDOVDXVPHLQHP$UPEDQG7HOHNRPGDVKHOOH/lXWHQHUW|QWHGDV 3\FRDOV$ODUPVLJQDOLQGHQ$XWRPDWLVFKHQ2NULOOSURJUDPPLHUWKDWWH :LUVSXUWHWHQDXIGDV*HUlW]XGDV]ZLVFKHQGHP]ZHLWHQ%LRSRQEORFNXQGGHP 46%:6HJPHQWDQJHKDOWHQKDWWH $XI GHP %LOGVFKLUP WDXFKWHQ YHUVFKZRPPHQ XQG ]LWWHUQG GLH .RQWXUHQ HLQHV ODQJJHVWUHFNWHQ/DVWHQJOHLWHUVDXI ³(VLVWHLQ7\SZLHHUQXUDXI6LJDJHEDXWZLUG´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³6HKHQ ZLU GHQ 7DWVDFKHQ LQV $XJH (V ZDUHQ 6LJDQHVHQ GLH 1DWKDQ PDQLSXOLHUWHQVRVHKUHVXQVDXFKVFKPHU]WhEHULKUH0RWLYHVROOWHQZLUXQVMHW]WQLFKW GLH.|SIH]HUEUHFKHQ´ ³6LHPVVHQVHKUVWDUNH0RWLYHKDEHQ´ZDUI.DODVV2WULQRWHLQ³.HLQ6LJDQHVH KDQGHOW LUUHJXOlU ZHQQ HU QLFKW IHVW GDUDQ JODXEW GD HU GD]X YHUSIOLFKWHW LVW²DXV ZHOFKHP*UXQGHDXFKLPPHU´ /HP\'DQJHUVHXI]WH ³8QWHUGUFNHQ6LHGHUDUWLJHhEHUOHJXQJHQ&DSWDLQ2WULQRW'DIULVWVSlWHU=HLW :LU KDEHQ KLHU XQG MHW]W QXU XQVHUH $XIJDEH ]X HUIOOHQ DOV ZlUHQ ZLU JXWJH|OWH 0DVFKLQHQ (LQ 3ROL]HLDSSDUDW JHUlW ]ZDQJVOlXILJ DXV GHQ )XJHQ ZHQQ VHLQH )XQNWLRQHQYRQ(PRWLRQHQJHVWHXHUWZHUGHQ´ ,FKZXWHGDVHEHQVRJXWZLHZLUDOOH $XI GHU 862$NDGHPLH ZDU XQV LPPHU ZLHGHU HLQJHWULFKWHUW ZRUGHQ XQVHUH (QWVFKHLGXQJHQ XQEHODVWHW YRQ *HIKOHQ ]X WUHIIHQ 'LH (UIDKUXQJ ]HLJWH GD HLQH =XZLGHUKDQGOXQJRIW0HQVFKHQOHEHQJHNRVWHWKDWWH 0HLQ YHUNUDPSIWHU .|USHU HQWVSDQQWH VLFK ,FK KROWH WLHI /XIW 0HLQ %OLFN EHJHJQHWHGHP'DQJHUVXQGLFKODVVRZRKOXQEHXJVDPH+lUWHDOVDXFK9HUVWlQGQLVLQ VHLQHQ$XJHQ´ ³6LH DOOH GUHL ZHUGHQ LQ GDV 46%:6HJPHQW HLQVWHLJHQ XQG GHQ 6HNWRU EHUSUIHQ LQ GHP XQVHUHQ N\EHUQHWLVFKHQ %HUHFKQXQJHQ QDFK 0DQLSXOLHUXQJHQ YRUJHQRPPHQ ZRUGHQ VLQG ,FK KDOWH :DFKH XQG OHQNH DXIWDXFKHQGH *HJQHU QRWIDOOV DE´ 6FKZHLJHQGKRELFKGHQ$XWRPDWLVFKHQ2NULOODXIXQGEHIHVWLJWHLKQZLHGHUDXI 3\FRV$JJUHJDWWRUQLVWHU ³6LH EHUQHKPHQ GLH /HLWXQJ GHU *UXSSH IU GLH 'DXHU GHU hEHUSUIXQJ 0DMRU 3DGLOOR´EHIDKO'DQJHU ³-D6LU´
.DPSILP0RQGJHKLUQ
M
$WODQ
³+DOWHQ6LHVLFKQLFKWPLW1HEHQVlFKOLFKNHLWHQDXI,FKJHEH,KQHQPD[LPDOGUHL 6WXQGHQ=HLWIUGLH(UIOOXQJGHV$XIWUDJV6SlWHVWHQVQDFK$EODXIGLHVHU=HLWVSDQQH ZLOOLFK6LHZLHGHUKLHUXQWHQVHKHQ´ ,FK VFKOR GDV OHW]WH 0DJQHWVFKOR EHU GHP ,QIUDURW6SXU]HLFKQHU ZDQGWH PLFK]X2EHUVW'DQJHUXPXQGVDJWH ³,Q2UGQXQJ6LULFKKDEHYHUVWDQGHQ:RKLQVROOHQZLUXQVZHQGHQIDOOV,KQHQ KLHUGHU%RGHQ]XKHLZLUGXQG6LHYHUVFKZLQGHQPVVHQ"´ /HP\'DQJHUEHUOHJWHDQJHVWUHQJW3O|W]OLFKOlFKHOWHHU ³,QHLQHPVROFKHQ)DOOSHLOHQ6LHPLWGHQ'HWHNWRUHQGLHQlFKVWHJU|HUH%DOOXQJ YRQ+RZDOJRQLXPDQ'RUWZHUGHLFKPLFKYHUVWHFNHQ´ ,FKQLFNWH +RZDOJRQLXPZXUGHLQ)RUPYRQ6FKZLQJNULVWDOOHQLQYLHOHQ%HUHLFKHQ1DWKDQV JHEUDXFKW 9RU DOOHP IU MHQH $JJUHJDWH GLH GHU ³SHUPDQHQWHQ (LJHQNRUUHNWXU´ GHU ,QSRWURQLN GLHQWHQ 'RUW JDE HV ZDKUH .ULVWDOOJHELUJH XQG LQ LKQHQ NRQQWH PDQ VLFK ZHJHQGHUIDVWSHUIHNWHQ$EVFKLUPXQJJHJHQ)UHPGRUWXQJJXWYHUEHUJHQ $OOHUGLQJVZDUHQGRUWGLHHLJHQHQ2UWXQJVJHUlWHHEHQIDOOVZLUNXQJVORV ³%LVVSlWHU6LU´VDJWHLFK]X'DQJHU 'HU 2EHUVW OHJWH JUHQG ]ZHL )LQJHU DQ GHQ +HOP GDQQ NURFK HU LQ GLH 6LFKWGHFNXQJHLQHU1XNOHRQHQIDOOH :LUHLOWHQ]XP46%:6HJPHQWVXFKWHQHLQHQJQVWLJHQ(LQVWLHJXQGDUEHLWHWHQ XQVPKVHOLJ]XGHPDQJHJHEHQHQ6HNWRUYRU$OVZLUDQNDPHQZDUHQZLULQ6FKZHL JHEDGHW 1DFK HLQHU NXU]HQ 3DXVH LQ GHU ZLU XQVHUH 3UIJHUlWH WHVWHWHQ EHJDQQHQ ZLU PLW GHU 8QWHUVXFKXQJ 0LOOLPHWHU XP 0LOOLPHWHU EHUSUIWHQ ZLU +\SHUVFKDOWNUHLVH GLH IUHLQHQ7HUUDQHUQLFKWJU|HUDOVHLQ6WUHLFKKRO]NRSIZDUHQ)UXQVODJHQGLH'LQJH DQGHUV :LU VFKORVVHQ GLH +HOPYLVLHUH EHYRU ZLU XQV DQ GLH VWURPIKUHQGHQ (OHPHQWH KHUDQZDJWHQ'LH3UILQVWUXPHQWHWDVWHWHQ9HUELQGXQJHQDEXQGGLH$XJHQPXVWHUWHQ GLHWDXVHQGIDFKHQ.UHX]ZHJHGHU6FKDOWXQJVOHLWHU 'LH $XJHQ XQVHUHU ULHVHQZFKVLJHQ WHUUDQLVFKHQ 9HWWHUQ KlWWHQ JDQ] EHVWLPPW QLFKWV 9HUGlFKWLJHV JHIXQGHQ DEHU ZLU PLW XQVHUHQ KRFKJUDGLJ YHUJU|HUQGHQ $XJHQ YHUPRFKWHQVRJDU(LQ]HOPROHNOHYRQHLQDQGHURSWLVFK]XWUHQQHQ²EHLHQWVSUHFKHQGHU EHZXWHQ/LQVHQYHUVWHOOXQJ 'DUXP GDXHUWH HV QLFKW ODQJH ELV ZLU GLH HUVWHQ %HZHLVH IU 0DQLSXODWLRQHQ IDQGHQZLQ]LJH1DKWVWHOOHQZLHVLHYRQVLJDQHVLVFKHQ0LNURODVHUQHU]HXJWZHUGHQ :LUQDKPHQMHGHHLQ]HOQH1DKWVWHOOHPLWXQVHUHQPLNURVNRSLVFKYHUJU|HUQGHQ 6SH]LDONDPHUDVDXIGDPLWVSlWHUHLQH*HVDPWDXVZHUWXQJHUIROJHQNRQQWH 1DWUOLFKNRQQWHQZLUXQVDXVGHQ'HWDLOVQRFKQLFKW]XVDPPHQUHLPHQZHOFKH NRQNUHWH%HGHXWXQJGLH1DKWVWHOOHQEHVDHQ DEHUZLUHUNDQQWHQZHQLJVWHQVGDGLH 6DERWHXUHPLW+LOIHYRQ0LNURODVHUQ9HUELQGXQJHQJHWUHQQWXQGDQGHUHQHXKHUJHVWHOOW KDWWHQ 1DFK $EODXI YRQ NQDSS ]ZHL 6WXQGHQ YHUIJWHQ ZLU EHU DXVUHLFKHQGH (UJHEQLVVHVRGDLFKPLFKHQWVFKORGLHhEHUSUIXQJDE]XEUHFKHQ²GHU6LFKHUKHLW ]XOLHEH 'HU$EVWLHJILHOXQVQLFKWOHLFKWHUDOVGHU$XIVWLHJ(VZDUHLQHKDOEVEUHFKHULVFKH .OHWWHUHL XQG DOV ZLU XQWHQ DQNDPHQ VSUWH LFK MHGHQ HLQ]HOQHQ 0XVNHO PHLQHV
.DPSILP0RQGJHKLUQ
M
$WODQ
.|USHUV 2EHUVW'DQJHUNDPDXVVHLQHU'HFNXQJ(UOlFKHOWH]XIULHGHQ ³(VZDUDOOHVUXKLJ´EHULFKWHWHHU ³:LUKDEHQJHQXJ0DWHULDOIUHLQHHUVWH=ZLVFKHQDXVZHUWXQJ6LU´VDJWHLFK ³*XW´ PHLQWH /HP\ 'DQJHU ³GDQQ VXFKHQ ZLU XQV HLQ 9HUVWHFN LQ GHP 6LH VLFKHUVLQGZlKUHQGLFKGDV0DWHULDO]ZHFNV$XVZHUWXQJ]XU(LQVDW]EDVLVEULQJH´ ³'DV K|UW VLFK JXW DQ´ EHPHUNWH .DODVV 2WULQRW ³,FK KDEH HLQHQ +XQJHU DOV KlWWHLFKHLQH:RFKHODQJQLFKWVJHJHVVHQ´ ³8QG LFK´ ZDUI ,PVFK 3\FR HLQ ³ELQ VR PGH DOV KlWWH LFK HLQ -DKU ODQJ QLFKW JHVFKODIHQ´ 'DQJHUJULQVWHPLFKDQ ³8QG6LH0DMRU3DGLOOR"´ ³%HLGHV6LU´DQWZRUWHWHLFK
:LUIDQGHQPLW+LOIHGHU'HWHNWRUHQGLHQlFKVWHJURH%DOOXQJYRQ+RZDOJRQLXP .ULVWDOOHQ (V ZDU GDV UHLQVWH *HELUJH 'LH HWZD XQWHUDUPODQJHQ (LQ]HONULVWDOOH ZDUHQ DQHLQDQGHUJHIJW XQG DXIJHWUPW ]X HLQHP *HELOGH GDV PLFK DQ GLH JRWLVFKHQ .DWKHGUDOHQGHU(UGHHULQQHUWH 'LH 6SLW]H GHV REHUVWHQ .ULVWDOOV JOLW]HUWH LQ VFKZLQGHOQGHU +|KH 'UHLHLQKDOE 0HWHUKRFKZDUGLH%DOOXQJ 'RFKQLFKWQXUGHU$QEOLFNHULQQHUWHPLFKDQJRWLVFKH.DWKHGUDOHQVRQGHUQDXFK GLH DQ XQG DEVFKZHOOHQGH GU|KQHQGH NODJHQGH XQG MXEHOQGH 0XVLN YRQ (OHPHQWDUWHLOFKHQGLHLQ6XSHUYLEUDWLRQHQVFKZDQJHQ /HP\'DQJHUGHXWHWHDXIHLQHQ6SDOWGHU]ZLVFKHQGHQ.ULVWDOOHQNODIIWH ³'RUW GUIWH HV ]X GHQ .DYHUQHQ GHU %DOOXQJ JHKHQ´ HUNOlUWH HU ³'D GLHVH +RKOUlXPH EHL DOOHQ %DOOXQJHQ YRQ +RZDOJRQLXP.ULVWDOOHQ HQWVWHKHQ ZHUGHQ 6LH DXVUHLFKHQG3ODW]ILQGHQ´ (UOlFKHOWH ³0DFKHQ6LHHVVLFKJHPWOLFK$XI:LHGHUVHKHQ³ (UVFKULWWUXKLJGDYRQ,QGHQ$XHQWDVFKHQVHLQHV(LQVDW]DQ]XJHVWUXJHUHLQH 6SHLFKHUVSXOH GHV $XWRPDWLVFKHQ 2NULOOV VRZLH GLH %LOGVSHLFKHUNULVWDOOH XQVHUHU 6SH]LDONDPHUDV 6REDOG HU VLFK JHQJHQG ZHLW YRQ XQVHUHP 6FKOXSIZLQNHO HQWIHUQW KDWWH ZROOWH GHU2EHUVWVHLQ$QWLJUDY)OXJJHUlWEHQXW]HQ+RIIHQWOLFKNDPHUGXUFK ³6FKDIIWHUHV(]HFKLHO¶"´IUDJWH,PVFK3\FRVS|WWLVFK ,FK ZDUI LKP HLQHQ DEZHLVHQGHQ %OLFN ]X KLQJ PLU GHQ ,QWHUYDOO'HVLQWHJUDWRU EHUGLH6FKXOWHUXQGJLQJVFKZHLJHQGDXIGHQ6SDOW]X 'RUW VFKDOWHWH LFK GLH D Q GHU %UVWKDOWHUXQJ EHIHVWLJWH /DPSH HLQ 'HU /LFKWNHJHO DXV GHU /DVHUVSLUDOH OHXFKWHWH GHQ KLQWHU GHP 6SDOW EHILQGOLFKHQ 6WROOHQ Y|OOLJDXV'DVODJQDWUOLFKWHLOZHLVHGDUDQGDGLH.ULVWDOOHGDV/LFKWUHIOHNWLHUWHQ 9RUVLFKWLJGUDQJLFKHLQ 0HLQH $XIPHUNVDPNHLW JDOW GDEHL QLFKW VR VHKU HYHQWXHOO KLHU YHUERUJHQHQ ,UUHJXOlUHQDOVGHQUDVLHUPHVVHUVFKDUIHQ.DQWHQGHU+RZDOJRQLXP.ULVWDOOH
.DPSILP0RQGJHKLUQ
M
$WODQ
'LHVH .DQWHQ VFKQLWWHQ GXUFK GDV ]lKH 0DWHULDO YRQ (LQVDW]DQ]JHQ GXUFK )OHLVFKXQG.QRFKHQZLHGXUFK%XWWHU $OVLFKHLQPDOVWHKHQEOLHEK|UWHLFKGDV7DSSHQGHU)HPHLQHU.ROOHJHQ6LH XQWHUKLHOWHQ VLFK OHLVH EHU GLH &KDQFHQ GHU EHLGHQ 9ROOH\EDOOPDQQVFKDIWHQ XQVHUHU VLJDQHVLVFKHQ 8627UXSSH .DODVV 2WULQRW JDE GHQ ³5HG *REOLQV´ GLH JU|HUHQ 6LHJHVFKDQFHQ,PVFK3\FRGHQ³:KLWH+HQV´ 1DFK HLQHU :HLOH GHKQWH VLFK YRU PLU HLQ +RKOUDXP YRQ EHLQDKH HLQHP 0HWHU 'XUFKPHVVHU HLQH ULFKWLJH +DOOH ,FK OLH GHQ /LFKWNHJHO EHU :lQGH XQG %RGHQ ZDQGHUQXQGDWPHWHDXI :LH EHL IDVW DOOHQ .DYHUQHQ LQ JHEDOOWHQ +RZDOJRQLXP.ULVWDOOHQ ZDUHQ DXFK KLHUGLH,QQHQZlQGHJODWWXQGYRQPDWWEODXHPVWXPSIHQ*ODQ] $XHUGHPK|UWHPDQKLHUGLH.ULVWDOO9LEUDWLRQHQQXUQRFKVHKUOHLVH ,FK ]RJ GHQ /DPSHQVRFNHO DXV GHU 0DJQHWKDOWHUXQJ XQG VWHOOWH GLH /DPSH DXI GHQ%RGHQ'DQQVHW]WHLFKPLFKGDQHEHQXQGZDUWHWHDXIPHLQH*HIlKUWHQ 6LH NDPHQ HLQH KDOEH 0LQXWH VSlWHU 3\FR KDWWH HLQH WLHIH 6FKQLWWZXQGH DP OLQNHQ 'DXPHQ ,FK VSUKWH +HLOSODVPD KLQHLQ QDFKGHP LFK GLH :XQGUlQGHU PLW ]ZHL )LQJHUQDXVHLQDQGHUJH]RJHQKDWWH 'DQDFK YHUNURFK ,PVFK VLFK LQ HLQH (FNH UROOWH VLFK ]XVDPPHQ XQG ZDU 6HNXQGHQVSlWHUIHVWHLQJHVFKODIHQ .DODVV 2WULQRW JULQVWH XQG SDFNWH VHLQHQ 9HUSIOHJXQJVEHXWHO DXV (U D HLQH %FKVH6\QWKR3URWHLQHGDQQVWUHFNWHHUVLFKHEHQIDOOVDXV ,FK D QXU HLQHQ 5LHJHO HLZHLKDOWLJHU 6FKRNRODGH WUDQN HLQHQ 6FKOXFN YLWDPLQLHUWHV PLW 0LQHUDOVWRIIHQ XQG 6SXUHQHOHPHQWHQ VRZLH HLQHP .RVPRELRWLNXP YHUVHW]WHV:DVVHUVWHOOWHHLQHQ:DUQNHJHODP=XJDQJGHU.DYHUQHDXIXQGOHJWHPLFK VFKODIHQ 'DLFKYRUKHUJHZRKQKHLWVJHPlDXIGHQ&KURQRJUDSKHQJHVHKHQKDWWHZXWH LFKDOVLFKDXIZDFKWHGDNQDSSIQI6WXQGHQYHUJDQJHQZDUHQ ,FKEHZHJWHPLFKQLFKWVRQGHUQEHUOHJWHZDVPLFKJHZHFNWKDEHQN|QQWH 1DFKGHUSK\VLVFKHQ$QVWUHQJXQJGHV9RUWDJHVEHLGHU862OHUQWPDQVFKQHOO :DFK]HLWHQ JHQHUHOO DOV 7DJ XQG 6FKODI]HLWHQ DOV 1DFKW ]X EH]HLFKQHQ KlWWH LFK HUIDKUXQJVJHPlPLQGHVWHQVDFKW6WXQGHQVFKODIHQPVVHQ )ROJOLFKZXWHHWZDVDXHUKDOEPHLQHV,FKVPLFKJHZHFNWKDEHQ (WZD IQI 0LQXWHQ VSlWHU ZXWH LFK ZDV HV JHZHVHQ ZDU -HPDQG VWDQG LP 6WROOHQ,FKVSUWHZLHHUVHLQ.|USHUJHZLFKWYRQHLQHP%HLQDXIVDQGHUHYHUODJHUWH 2EZRKOZLUYRUGHP6FKODIHQJHKHQXQVHUH/DVHUODPSHQGHVDNWLYLHUWKDWWHQZDU HV LQ GHU .DYHUQH QLFKW JDQ] GXQNHO 'DV +RZDOJRQLXP OLH JHQJHQG $XHQOLFKW GXUFKXPKLHUGULQQHQHLQHPDWWJUQH'lPPHUXQJ]XVFKDIIHQ ,FK VDK GD GHU IQI 0LOOLPHWHU JURH :DUQNHJHO XQEHUKUW ZDU 'HU )UHPGH ZXWH PLQGHVWHQV IQI]LJ =HQWLPHWHU YRQ GHU LQQHUHQ 6WROOHQPQGXQJ HQWIHUQW VHLQ GHQQEHLPhEHUVFKUHLWHQGLHVHU*UHQ]HKlWWHGHU.HJHO$ODUPJHJHEHQ /DXWORVVHW]WHLFKPLFKDXI 'D HV HLQHP 8626SH]LDOLVWHQ YHUERWHQ ZDU VHLQH QLFKWVDKQHQGHQ %HJOHLWHU DOOHLQ ]X ODVVHQ RKQH VLH YRQ VHLQHQ $EVLFKWHQ ]X XQWHUULFKWHQ OHJWH LFK MHGHP HLQH +DQGIOlFKHDXIGLH6WLUQ ,FKVSUWHGDVLHHUZDFKWHQ 6LHHUVFKUDNHQQLFKWGHQQGLHVH$UWGHVODXWORVHQ:HFNHQVZDUVRRIWWUDLQLHUW
.DPSILP0RQGJHKLUQ
M
$WODQ
ZRUGHQGDHVIHVWLP8QWHUEHZXWVHLQYHUDQNHUWZDU (LQH+DQGDXIGHU6WLUQEHGHXWHWH)UHXQG $OV LFK GLH +lQGH ZHJ]RJ VHW]WHQ VLH VLFK HEHQIDOOV ODXWORV DXI ,KUH .|USHU QHLJWHQVLFK]XPHLQHP*HVLFKW ³(LQ)UHPGHU²LP*DQJ´KDXFKWHLFKVRVFKZDFKGDLFKPHLQH6WLPPHNDXP ZDKUQDKP³,FKVHKHQDFK´ +lQGH NURFKHQ ]X PHLQHQ 6FKXOWHUQ GUFNWHQ EHVWlWLJHQG ]X XQG YHUVFKZlQGHQZLHGHU ,FKQDKPLQGLHOLQNH+DQGGLH/DVHUODPSHLQGLHUHFKWHGHQ3DUDO\VDWRUGDQQ VFKOLFKLFK]XU6WROOHQ|IIQXQJ 'HU)UHPGHUKUWHVLFKQLFKW ,FKVFKDOWHWHGLH/DPSHHLQ²XQGVDKQLFKWV'HU/LFKWNHJHOWDQ]WHQHUY|VEHU GLHEL]DUULQHLQDQGHUYHUVFKDFKWHOWHQ+RZDOJRQLXP.ULVWDOOH ,FKVW|KQWHXQWHUGUFNW ³,VW,KQHQQLFKWJXW(]HFKLHO"´IUDJWH2WULQRW ³:RLVW,KU)UHPGHU"´HUNXQGLJWHVLFK3\FRVS|WWLVFK ³9HUVFKZXQGHQ´ VDJWH LFK ³'DEHL KlWWH LFK HV K|UHQ PVVHQ ZHQQ HU DXI QRUPDOHP:HJHJHJDQJHQZlUH(LQHGHUDUWJHIlKUOLFKH6WUHFNHNDQQQLHPDQGODXWORV EHJHKHQ´ ,PVFK3\FRJlKQWHYHUKDOWHQ ³*HEHQ 6LH UXKLJ ]X GD 6LH QXU JHWUlXPW KDEHQ &RUWR GDQQ N|QQHQ ZLU ZHQLJVWHQVQRFKHLQSDDU6WXQGHQVFKODIHQ´ ³,FKKDEHQLFKWJHWUlXPW´HUNOlUWHLFKEHVWLPPW ³1DWUOLFKQLFKW´VDJWH2WULQRW ,FKXQWHUGUFNWHLPOHW]WHQ0RPHQWHLQHXQ]LHPOLFKH9HUZQVFKXQJ:HQQPDQ RIW PLW 7HUUDQHUQ ]X WXQ KDW OlXIW PDQ *HIDKU VHLQH JXWHQ 0DQLHUHQ WHLOZHLVH ]X YHUJHVVHQ ³,FKZXUGHZDFKXQGEHUOHJWHZDVPLFKJHZHFNWKDWWH´HUNOlUWHLFKJHGXOGLJ ³(UVWHLQLJH0LQXWHQVSlWHUVSUWHLFKZLHHUVHLQ.|USHUJHZLFKWYRQHLQHP%HLQDXIV DQGHUHYHUODJHUWH´ ³'HU)UHPGH"´HUNXQGLJWHVLFK3\FR ³1DWUOLFK´ ³(U ZDU ]ZHLEHLQLJ XQG SDWH LQ GHQ *DQJ´ PHLQWH 2WULQRW ³2IIHQEDU DOVR HLQ 6LJDQHVHZLHZLU´ ³(LQ6LJDQHVHYLHOOHLFKW´JDELFK]XUFN³DEHUNHLQHUZLHZLUVRQVWKlWWHLFKLKQ JHKHQ K|UHQ (U NDQQ DXFK QLFKW WHOHSRWLHUW VHLQ GHQQ GLH /XIWLPSORVLRQ ZlUH QRFK ZHQLJHU]XEHUK|UHQJHZHVHQ´ ³9LHOOHLFKWKDWHUVLFKYHUIOFKWLJW´EHUOHJWH3\FR6HLQHP7RQHQWQDKPLFKGD HV VLFK XP HLQH GXUFKDXV HUQVWKDIWH hEHUOHJXQJ KDQGHOWH $XI GHU 862$NDGHPLH KDWWHQZLUJHOHUQWGDZLUQLFKWVIUDXVJHVFKORVVHQKDOWHQVROOWHQZDVYRUVWHOOEDUZDU ,FKKDNWHGLH/DPSHLQGLH%UXVWKDOWHUXQJXQGVDJWH ³,FKVHKHGUDXHQQDFK:HUNRPPWPLW"(LQHUPXKLHUEOHLEHQ´ ³,FKNRPPHPLW´VDJWH2WULQRW ,FK QLFNWH XQG VWLHJ LQ GHQ *DQJ 9RUVLFKWLJ WDVWHWH LFK PLFK DQ GHQ VFKDUINDQWLJHQ:lQGHQYRUZlUWV$XFKGHU*DQJERGHQKDWWHVHLQH7FNHQLFKPHUNWH HV DOV HLQH .ULVWDOONDQWH PLU HLQH 6FKHLEH YRP 5DXPVWLHIHO VFKQLWW *OFNOLFKHUZHLVH
.DPSILP0RQGJHKLUQ
M
$WODQ
EOLHELFKXQYHUOHW]W 'HQQRFKZDULFKIURKDOVLFKGHQ(LQJDQJHUUHLFKWH ,FK SDFNWH GHQ 3DUDO\VDWRU IHVWHU KDOWH WLHI /XIW XQG VFKQHOOWH PLFK GXUFK GLH gIIQXQJ'UDXHQGUHKWHLFKPLFKLP6SUXQJXQGVHW]WHPLWEHLGHQ)HQJOHLFK]HLWLJ DXIGDV*HVLFKWGHP(LQJDQJ]XJHZDQGW 'RFKNHLQ)UHPGHUZDU]XVHKHQ (EHQVWLHJ&DSWDLQ2WULQRWKHUDXV ³6LHKDEHQVLFKDEHUEHHLOW´IOVWHUWHLFK³:HQQHVQLFKWVRHQJLQGHP6WROOHQ ZlUHZUGHLFKGHQNHQ6LHVHLHQJHIORJHQ´ .DODVV 2WULQRW HUZLGHUWH QLFKWV GDUDXI VRQGHUQ NDP PLW HWZDV XQEHKROIHQHQ %HZHJXQJHQQlKHU ³:LUXPNUHLVHQGLH.ULVWDOOEDOOXQJ´VDJWHLFKXQGJLQJQDFKUHFKWV (LQLJH6FKULWWHZHLWHUEOLHELFKVWHKHQXQGEOLFNWHPLFKXP 2WULQRWZDUPLUJHIROJWXQGEOLHEQXQHEHQIDOOVVWHKHQ ³:DVVROOGDV.DODVV"´IUDJWHLFK³6LHZLVVHQJHQDXGDZLULQYHUVFKLHGHQHQ 5LFKWXQJHQXPGLH%DOOXQJJHKHQZROOWHQ:DUXPIROJHQ6LHPLUGDQQ"´ 2WULQRWEOLFNWHPLFKVWDUUDQGDQQVFKZDQNWHHUHQWVFKXOGLJHQGGLH$UPHNHKUWH XPXQGPDUVFKLHUWHHQGOLFKLQGLHULFKWLJH5LFKWXQJ ,FKVFKWWHOWHGHQ.RSIXQGVHW]WHPHLQHQ:HJIRUW 1DFK HLQLJHU =HLW SLHSVWH GHU 0HOGHU PHLQHV $UPEDQG7HOHNRPV ,FK DNWLYLHUWH GDV*HUlWXQGZLQNHOWHGHQ$UPDQ ³3DGLOORKLHU´ ³+LHUVSULFKW.DODVV´VDJWH2WULQRWV6WLPPH³:RVLQG6LHGHQQ&RUWR"´ $OOPlKOLFKILHOHUPLUDXIGLH1HUYHQ ³:R VROO LFK VFKRQ VHLQ"´ JDE LFK ]XUFN ³,FK XPJHKH GLH %DOOXQJ LQ GHU HQWJHJHQJHVHW]WHQ5LFKWXQJZLH6LHXQGKRIIH,KU*HVLFKWEDOGZLHGHU]XVHKHQ´ ³,UUWXP´ IOVWHUWH 2WULQRW ZDUQHQG ³,FK ELQ LQ GHU .DYHUQH 6LH ZDUHQ ELV YRU ZHQLJHQ 6HNXQGHQ QRFK GD XQG ZLQN WHQ PLU DE]XZDUWHQ 3O|W]OLFK YHUVFKZDQGHQ 6LH:DQQKDEHQ6LHPLFK]XOHW]WJHVHKHQ"´ ³$OV 6LH HQGOLFK GLH ULFKWLJH 5LFKWXQJ HLQVFKOXJHQ 0RPHQW ZHQQ 6LH GLH .DYHUQHJDUQLFKWYHUODVVHQKDEHQ´ ,FK VFKDOWHWH PHLQH /DVHUODPSH DXV XQG OLHI JHGXFNW LQ GLH 'HFNXQJ HLQHV .DVNDGHQJHQHUDWRUV 'RUW ZDUWHWH LFK VFKZHLJHQG REZRKO 2WULQRW QRFK HLQLJH 0DOH QDFKPLUULHI 1DFK HLQLJHU =HLW WDXFKWH GHU IDOVFKH 2WULQRW DP )XH GHV .ULVWDOOJHELUJHV DXI (UJLQJORFNHUXQGPLWVFKOHQNHUQGHQ$UPHQ 'D LFK NHLQ 5LVLNR HLQJHKHQ GXUIWH VWHOOWH LFK GHQ 3DUDO\VDWRU DXI 62)7 ]LHOWH XQGVFKR 'HU )UHPGH VWLH HLQHQ OHLVHQ 6FKUHL DXV GHU hEHUUDVFKXQJ DXVGUFNWH GDQQ EUDFKHUODQJVDP]XVDPPHQ ³,FKKDEHLKQ´VDJWHLFKLQPHLQHQ7HOHNRP ³:HQKDEHQ6LH"´IUDJWH,PVFK3\FR ³'HQIDOVFKHQ2WULQRW´DQWZRUWHWHLFK ³'DVLVWJXW'HUULFKWLJH2WULQRWPXEULJHQVEDOG]X,KQHQVWRHQ(UYHUOLH GLH .DYHUQH VRIRUW QDFK GHP 7HOHNRPJHVSUlFK PLW ,KQHQ QDFKGHP HU SO|W]OLFK RKQH HUNHQQEDUHQ*UXQGIU|KOLFKYRUVLFKKLQJHSILIIHQKDWWH´
.DPSILP0RQGJHKLUQ
M
$WODQ
³)U|KOLFK"´IUDJWHLFK]ZHLIHOQG ³1XQ MD PDQ N|QQWH HV DXFK EHVFKZLQJW QHQQHQ ,UJHQG HWZDV VWLPPWH VHLQH 3V\FKHSRVLWLY,VWHUQRFKQLFKWEHL,KQHQDQJHNRPPHQ&RUWR"´ ³9LHOOHLFKW GRFK´ PXUPHOWH LFK ³-HW]W LVW PLU DXFK NODU GD HU ZHGHU IU|KOLFK QRFKEHVFKZLQJWZDUVRQGHUQJDQ]HLQIDFKVRUJORV²]XVRUJORV´ ³:LHVROOLFKGDVYHUVWHKHQ"´ ³7MD-HGHQIDOOVVLHKWPLUGHUDQVFKHLQHQGIDOVFKH2WULQRWVHKUQDFKGHPHFKWHQ DXV -HGHV 'HWDLO VHLQHU $XVUVWXQJ VWLPPW :DKUVFKHLQOLFK KDWWH VLFK GHU )UHPGH LQ /XIWDXIJHO|VWVRGD.DODVVLQVHLQH5ROOHKLQHLQJHVFKOHQGHUWLVW´ ,FKPXWHODFKHQ ³1XU JXW GD LFK GHQ 3DUDO\VDWRU DXI 62)7 JHVWHOOW KDWWH .DODVV ZLUG EDOG ZLHGHUDXIGHQHLJHQHQ)HQVWHKHQZHQQLFKLKPHLQH'RVLV.7*HOELQML]LHUH´ 6RZDUHVGDQQDXFK .XU] QDFK GHU ,QM HNWLRQ JLQJ HLQ =LWWHUQ GXUFK 2WULQRWV .|USHU GDQQ VHW]WH HU VLFKDXIXQGJULQVWH ³$OVR KDW XQV GDV 3ODVPDMXQJH JHJHQHLQDQGHU DXVJHWULFNVW´ IOVWHUWH HU PLW QRFKVFKZHUHU=XQJH³(LQIDFKN|VWOLFK³ ³1D LFK ZHL QLFKW´ PHLQWH LFK ³:DV PHLQHQ 6LH HLJHQWOLFK PLW µ3ODVPDMXQJH´ .DODVV"´ ³*DQ] HLQIDFK (] GDV GHU]HLW DUEHLWVORVH DEHU QRFK GHQNHQGH %LRSODVPD GHU ,QSRWURQLNODQJZHLOWVLFKRIIHQEDUVHKU8PGHPDE]XKHOIHQO|VWHVJHULQJH7HLOHVHLQHU 6XEVWDQ] VRZHLW DXI GD VLH GXUFK GLH 6WDKOZlQGH GHU .XSSHO GLIIXQGLHUHQ N|QQHQ 'UDXHQ EDOOW GDV *URV GHV 3ODVPDV PLWWHOV SDUDNLQHWLVFKHU 0RGHOOLHUXQJVIHOGHU DQ EHOLHELJHU6WHOOHEHOLHELJH*HJHQVWlQGHRGHU/HEHZHVHQDXVGHQWUHLEHQGHQ:RONHQ´ ³(LQIDFKVRDXV6SD"´IUDJWHLFK .DODVV2WULQRWQLFNWHYHUJQJWGDQQJDEHUHLQHQ6FKPHU]HQVODXWYRQVLFKXQG JULIIVLFKDQV*HQLFN ³(VVFKHLQWVR(]´ ,FKVHXI]WH ³)U GDV %LRSODVPD PDJ HV HLQ N|VWOLFKHU 6SD VHLQ IU PLFK QLFKW GHQQ ZDV VROO LFK VSlWHU LP (LQVDW]EHULFKW VFKUHLEHQ" (WZD 3ODVPDGRSSHOJlQJHU QDUUW 862 6SH]LDOLVWHQ"´ ³:DUXPQLFKW"´ ³:HLOGDQQDOOH7HUUDQHUEHUXQV6LJDQHVHQODFKHQZHUGHQ.DLDVV´ ³'DV EH]ZHLIOH LFK´ HQWJHJQHWH 2WULQRW HUQVW ³:LU N|QQHQ IURK VHLQ ZHQQ VLH XQVQLFKWYHUIOXFKHQQDFKGHP/HXWHYRQXQV,KUHJU|WH,QSRWURQLNUXLQLHUWKDEHQ´ ,FKKDOILKPKRFKXQGVDJWH ³:LU PVVHQ XQV HEHQ DQVWUHQJHQ GDPLW 1DWKDQ EDOG ZLHGHU HLQZDQGIUHL IXQNWLRQLHUW´ =ZHL7DJHEHIDQGHQZLUXQVQXQVFKRQLQGHP+RKOUDXPGHU.ULVWDOO%DOOXQJ 9RQGUDXHQNDPGDV.QLVWHUQ]DKOORVHU$XVJOHLFKVHQWODGXQJHQKHUHLQXQGKLHU GULQQHQZLVSHUWHQJHGlPSIWGLHYLEULHUHQGHQ+RZDOJRQLXP.ULVWDOOH
.DPSILP0RQGJHKLUQ
M
$WODQ
$OOPlKOLFKILHOPLUGDVDOOHVDXIGLH1HUYHQ²XQGLFKZXWHGDHV,PVFK3\FR XQG.DODVV2WULQRWQLFKWEHVVHUJLQJ (VZXUGH=HLWGD2EHUVW/HP\'DQJHU]XUFNNHKUWH 3\FR O|IIHOWH XQOXVWLJ VHLQHQ *HPVHEUHL DXV GHU 'RVH VHXI]WH VFKZHU XQG VDJWH ³9LHOOHLFKWKDW2EHUVW'DQJHUXQVYHUJHVVHQ6RQVWKlWWHHUGRFKJHVWHUQVFKRQ ]XUFNNRPPHQPVVHQ´ ³(U ZLUG VFKRQ QRFK NRPPHQ´ HUZLGHUWH 2WULQRW XQG OLH HLQHQ .DIIHHZUIHO LQ VHLQHQ7ULQNQDSIYROOKHLHP:DVVHUIDOOHQ(UVFKOHQNHUWHGLH+DQGDOVHLQSDDUKHLH 7URSIHQKRFKVSULW]WHQ ,FKNRVWHWHPHLQHQ6RMDVFKQHH(UVFKPHFNWHDXVJH]HLFKQHWHVIHKOWHQQXUHLQ SDDU*UDPPJHVFKPRUWH1LHUFKHQ ³+RIIHQWOLFKLVWLKPQLFKWV]XJHVWRHQ´VDJWHLFKQDFKGHQNOLFK ³'RFKQLFKW2EHUVW'DQJHU´PHLQWH3\FR³*HJHQGDVZDVHUDOOHVVFKRQHUOHEW KDEHQVROOGUIWHGDVKLHUHLQ]LHPOLFKPGHU=LUNXVVHLQ´ 2WULQRWUKUWHVHLQHQ.DIIHHXPEOLHVKLQHLQXQGQLSSWHGDUDQ ³1LFKW VFKOHFKW´ VDJWH HU ³IDVW ZLH LQ GHU .DQWLQH´ (U EOLFNWH PLFK DQ ³2EHUVW 'DQJHUKDWGRFKNHLQHQ7HUPLQIUVHLQH5FNNHKUJHQDQQWRGHU"´ ,FK VFKWWHOWH GHQ .RSI JLQJ DEHU QLFKW ZHLWHU DXI GDV 7KHPD HLQ GD LFK GHQ *HIlKUWHQPHLQH%HXQUXKLJXQJQLFKW]HLJHQZROOWH ,QVJHKHLP VHW]WH LFK PLU HLQH )ULVW ELV KHXWH PLWWDJ :HQQ /HP\ 'DQJHU ELV GDKLQQLFKWKLHUZDUPXWHLFKHWZDVXQWHUQHKPHQ :LU EHHQGHWHQ GDV )UKVWFN VFKZHLJHQG 'DQDFK XQWHUQDKP LFK PLW ,PVFK 3\FR HLQHQ NOHLQHQ 3DWURXLOOHQJDQJ :LU HQWIHUQWHQ XQV QXU HLQLJH 0HWHU YRQ GHU .ULVWDOOEDOOXQJGHQQZLUZDUHQQLFKWGDUDQLQWHUHVVLHUWHQWGHFNW]XZHUGHQ 'DIU ODXVFKWHQ ZLU PLW XQVHUHQ )XQNHPSIlQJHUQ LQ GHQ 5LHVHQGVFKXQJHO WHFKQLVFKHU 6XSHUODWLYH KLQHLQ LQ GHU +RIIQXQJ GHQ )XQNYHUNHKU ]ZLVFKHQ HLQ]HOQHQ 6DERWDJHWUXSSVDXIIDQJHQ]XN|QQHQ 2KQH(UIROJ $OVZLUGLH9LEUDWLRQHQVLFKQlKHUQGHU0LNURURERWHUDQPDHQ]RJHQZLUXQVLQ GLH.ULVWDOO%DOOXQJ]XUFN *HJHQ 0LWWDJ YHUNQGHWH LFK PHLQHQ (QWVFKOX 2EHUVW 'DQJHU HQWJHJHQ]XJHKHQ ³9LHOOHLFKW KDW VLFK GLH $XVZHUWXQJ XQVHUHU ELVKHULJHQ (UNXQGXQJVHUJHEQLVVH QLFKW YHU]|JHUW´ HUNOlUWH LFK ³YLHOOHLFKW DEHU LVW GHU 2EHUVW DXI GHP :HJ ]X XQV DXI 6FKZLHULJNHLWHQJHVWRHQPLWGHQHQHUDOOHLQQLFKWIHUWLJZLUG´ ³(LQHUYRQXQVVROOWH6LHEHJOHLWHQ(]´VDJWH.DODVV2WULQRWHUQVW ,FKVFKWWHOWHGHQ.RSI ³'DV ZUGH QXU GDV 5LVLNR HLQHU (QWGHFNXQJ YHUJU|HUQ .DODVV $XHUGHP KDEH LFK VR HLQH $KQXQJ DOV GURKWH ,KQHQ YLHOOHLFKW *HIDKU (V LVW EHVVHU ZHQQ 6LH EHLVDPPHQEOHLEHQ´ 0HLQH*HIlKUWHQVDKHQPLFKSUIHQGDQGDQQPHLQWH3\FR ³6LHXQG,KUH3URSKH]HLXQJHQEULQJHQPLFKQRFKPDOLQV*UDE(]HFKLHO´ ³0|JOLFKHUZHLVH EHZDKUH LFK 6LH GXUFK PHLQH 3URSKH]HLXQJHQ YRU GHP *UDE´ HQWJHJQHWH LFK XQZLOOLJ ³,FK VFKODJH YRU GD 6LH ELV PRUJHQ PLWWDJ DXI PHLQH 5FNNHKU ZDUWHQ 6ROOWH LFK ELV GDKLQ QLFKWV YRQ PLU K|UHQ ODVVHQ NHKUHQ 6LH DP
.DPSILP0RQGJHKLUQ
M
$WODQ
EHVWHQ]XU(LQVDW]EDVLV]XUFN´ ,FK KlQJWH PLU GHQ ,QWHUYDOO'HVLQWHJUDWRU EHU GLH 6FKXOWHU QLFNWH PHLQHQ .ROOHJHQ]XXQGYHUOLHGLH.DYHUQH 'UDXHQ JLQJ LFK HWZD GUHL 0HWHU ]X )X EHYRU LFK GLH 5FNHQKXEVFKUDXEH DNWLYLHUWH ,FK VWLHJ¶ DXI ]ZHL 0HWHU +|KH XQG KLHOW PLFK IDVW DXVVFKOLHOLFK LQ GHQ 6FKOXFKWHQGHUJHELUJLJDXIJHWUPWHQSRVLWURQLVFKHQ(OHPHQWH (LQPDO ZlUH LFK EHLQDKH LQ GLH (QWODGXQJ HLQHV ZRONHQNUDW]HUKRKHQ 6LFKHUKHLWVVFKDOWHUVJHUDWHQ'LHVHVDXVPHKUHUHQ7UPHQPLWULHVLJHQ,VRODWRUHQXQG EDXPVWDUNHQ 9HUELQGXQJVNDEHOQ EHVWHKHQGH *HELOGH GLHQWH GHP 6FKXW] GHU OHLWHUJHEXQGHQHQ(QHUJLHWUDQVSRUWHYRUSO|W]OLFKHQ6WURPVW|HQ (LQ VROFKHU 6WURPVWR²GXUFK HLQHQ .RRUGLQLHUXQJVIHKOHU GHV .UDIWZHUNHV DXHUKDOE YRQ 1DWKDQ KHUYRUJHUXIHQ²WUDW DXI DOV LFK GHQ 6LFKHUKHLWVVFKDOWHU LQ IQI 0HWHUQ(QWIHUQXQJSDVVLHUWH (U JDE HLQH (QWODGXQJ ZLH GLH HLQHU 0LNUR$WRPERPEH *HEOHQGHW XQG PLW YHUVHQJWHQ+DDUHQZLUEHOWHLFKGXUFKGLH/XIWJHULHWLQHLQH+RFKHQHUJLHIHOGVSLUDOHXQG ZXUGHDXIHLQHDWHPEHUDXEHQGH*HVFKZLQGLJNHLWEHVFKOHXQLJW $OV LFK ZLHGHU ]X PLU NDP ODJ LFK DXI HLQHP ZHLFKHQ IHGHUQGHQ 3ROVWHU ,FK EHUSUIWHPHLQH5FNHQKXEVFKUDXEHXQGVWHOOWHIHVWGDGHU5RWRUOHLFKWEHVFKlGLJW ZDU ,FK PXWH DXV ]LHPOLFKHU +|KH DEJHVWU]W VHLQXQG RKQH GDV 3ROVWHU ZlUH LFK MHW]WZDKUVFKHLQOLFKWRW 'LHVHU=XIDOOPDFKWHPLFKVWXW]LJ ,FK XQWHUVXFKWH GDV 3ROVWHU QlKHU XQG NDP ]X GHP 6FKOX GD HV DXV HLQHU PRGLIL]LHUWHQ0DVVH%LRSODVPDEHVWDQG(V PXWHDEVLFKWOLFK]XPHLQHU$EVWXU]VWHOOH EHI|UGHUWZRUGHQVHLQ ³9LHOHQ 'DQN´ VDJWH LFK²LQ GHU +RIIQXQJ GDV 3ODVPD ZUGH HV K|UHQ RGHU VRQVWZLHPLWEHNRPPHQ ,FKVFKZDQJPLFKYRQGHP3ROVWHUXQGVDKPLFKXP 'LH 8PJHEXQJ NDP PLU Y|OOLJ XQEHNDQQW YRU 2IIHQEDU ZDU LFK KLHU QRFK QLH JHZHVHQ 3UIHQGPXVWHUWHLFKGLHJLJDQWLVFKHQ%DXWHQGHU,QSRWURQLNGDQQDNWLYLHUWHLFK PHLQHQ 'HWHNWRU XP IHVW]XVWHOOHQ DXV ZHOFKHU 5LFKWXQJ LFK JHNRPPHQ ZDU 'DV *HUlWPXWHMDGLH+RZDOJRQLXP%DOOXQJDQ]HLJHQ (VWDWPHKUDOVGDV (V ]HLJWH LQVJHVDPW VHFKV %DOOXQJHQ YRQ +RZDOJRQLXP.ULVWDOOHQ LP 8PNUHLV YRQGUHLXQG]ZDQ]LJ0HWHUQDQ bUJHUOLFKVFKDOWHWHLFKGHQ'HWHNWRUDXV :DVQXQ" :DUHVVLQQYROODOOHVHFKV%DOOXQJHQDQ]XIOLHJHQXQGQDFK]XVHKHQZHOFKHGLH ZDULQGHULFKPHLQH*HIlKUWHQ]XUFNJHODVVHQKDWWH" 'DVEH]ZHLIHOWHLFK 0|JOLFKHUZHLVH ZDU LFK YRQ NHLQHU GHU VHFKV DQJHPHVVHQHQ %DOOXQJHQ JHNRPPHQ,FKZXWHMDQLFKWZLHZHLWLFKPLFKXQIUHLZLOOLJYRQLKUHQWIHUQWKDWWHXQG ZLHZHLWLFKYRPULFKWLJHQ:HJHDEJHNRPPHQZDU 0HLQH+DQGQlKHUWHVLFKGHP$UPEDQG7HOHNRPVDQNDEHUZLHGHUKHUDE ,FKGXUIWHGDV*HUlWQLFKWEHQXW]HQ%HLVRJURHU(QWIHUQXQJYRQGHQ*HIlKUWHQ
.DPSILP0RQGJHKLUQ
M
$WODQ
PWHLFKPLWKRKHU6HQGHOHLVWXQJDUEHLWHQZRGXUFKVLFKGDV5LVLNRHUK|KWHGDGLH 6DERWHXUHGDV*HVSUlFKDEK|UWHQXQGGLH*HVSUlFKVWHLOQHKPHUDQSHLOWHQ 'DV7DSSHQYRQ6FKULWWHQOLHPLFKKHUXPIDKUHQ$XWRPDWLVFKKRELFKGHQ/DXI GHV,QWHUYDOO'HVLQWHJUDWRUV 'RFKDQVWDWWDXIGLHQHEHQPLUDXIJHWDXFKWH*HVWDOW]XVFKLHHQVFKOXFNWHLFK HLQLJH0DOHNUDPSIKDIW 'HQQGLH*HVWDOWVDKJHQDXVRDXVZLHLFK 8QZLOONUOLFK ZDUI LFK HLQHQ %OLFN DXI GLH 6WHOOH DQ GHU GDV 3ODVPD3ROVWHU JHOHJHQKDWWH (VZDUYHUVFKZXQGHQ 'LH *HVWDOW QHEHQ PLU ZLQNWH GDQQ VWDSIWH VLH VFKZHUIlOOLJ GDYRQ $OV LFK LKU QLFKWIROJWHKLHOWVLHDQGUHKWHVLFKXPXQGZLQNWHDEHUPDOV ³:RKLQIKUVWGXPLFK"´ULHILFK 'LH *HVWDOW ZHGHOWH PLW GHQ $UPHQ 2IIHQEDU YHUPRFKWH GDV 3ODVPD ]ZDU GLH 'RSSHOJlQJHUYRQ0HQVFKHQKHU]XVWHOOHQNRQQWHVLHDEHUQLFKWVSUHFKHQODVVHQ ,FK]XFNWHGLH6FKXOWHUQXQGJLQJKLQWHUGHP³3ODVPDMXQJHQ´KHU(VIKUWHPLFK DQHLQHU%DWWHULHYRQ$[LDOYHUGLFKWHUQ]XU.RPSULPLHUXQJYHUIOVVLJWHQ+HOLXPVHQWODQJ DQ VWDNHWHQI|UPLJHQ (YDSRULPHWHUQ YRUEHL XQG ]ZLVFKHQ GHQ NRPSDNWHQ %DXWHQ YRQ +\SHUIHOGYHUVWlUNHUPDVFKLQHQKLQGXUFK 8QWHU GHQ 6WW]YHUVWUHEXQJHQ HLQHV $QWLSURWRQHQ=\NORWURQV KLHOW GDV 3ODVPDMXQJHDQXQGKREGHQ$UP ,FKEOLHEHEHQIDOOVVWHKHQ 'HXWOLFKK|UWHLFKGDV'U|KQHQGHU0DWHULH$QWLPDWHULH3XIIHU]RQHLQQHUKDOEGHV $QWLSURWRQHQ=\NORWURQV XQG GDV 7RVHQ GHU HQHUJHWLVFKHQ )UHLIHOGOHLWHU GLHGLH HU]HXJWH (QHUJLH HQWZHGHU ]X 'LUHNWYHUEUDXFKHUQ RGHU ]XP QlFKVWHQ 7UDQVIRUPDWRU EHI|UGHUWHQZRVLHLQK\SHUVFKQHOOH.RPPXQLNDWLRQVWUlJHUZHOOHQXPJHZDQGHOWZXUGH 'D]ZLVFKHQYHUQDKPLFKSO|W]OLFKHLQVFKZDFKHVKHOOHV6LQJHQXQGQDFKHLQHU :HLOH ZXUGH PLU NODU GD HV GDV *HUlXVFK YRQ LP 6WDQG ODXIHQGHQ $QWLJUDYNLVVHQ3URMHNWRUHQZDU ,FKDNWLYLHUWHPHLQHQ$UPEDQG'HWHNWRUDEHUGDV*HUlWQW]WHPLUQLFKWVGDGLH XQVLFKWEDUHQ +\SHUHQHUJLHIDFNHOQ DXV GHU 0DWHULH$QWLPDWHULH3XIIHU]RQH GLH $Q]HLJHIHOGHUGHV*HUlWHVYHUUFNWVSLHOHQOLHHQ $OVR ZLQNWH LFK GHP 3ODVPDMXQJHQ PLU ]X IROJHQ XQG HQWIHUQWH PLFK YRQ GHP $QWLSURWRQHQ=\NORWURQ ,Q HLQHU (QWIHUQXQJ YRQ VHFKVHLQYLHUWHO 0HWHUQ DUEHLWHWH GHU 'HWHNWRU ZLHGHU HLQZDQGIUHL²DEHUGDEHQ|WLJWHLFKVHLQH'LHQVWHQLFKWPHKUGHQQGHU$QWLJUDYNLVVHQ *OHLWHU VFKZHEWH GHXWOLFK VLFKWEDU QHEHQ GHQ IUHLVWHKHQGHQ 6SXOHQ HLQHV 7DFK\RQHQ 5KHRWURQV ,FK ZLFK KLQWHU GHQ $QHPRVWDWHQ GHU .OLPDDQODJH ]XUFN²3RVLWURQLNHQ XQG EHVRQGHUV,QSRWURQLNHQEHQ|WLJHQ]XPHLQZDQGIUHLHQ)XQNWLRQLHUHQHLQNRQWLQXLHUOLFKHV .OLPD XQG $QHPRVWDWHQ XQWHUELQGHQ GLH LQ GHQ %HOIWXQJVURKUHQ HQWVWHKHQGH =XJOXIW²XQGVSlKWHXPGLH(FNH 'HU*OHLWHUZDUYLHU]LJ=HQWLPHWHUODQJRIIHQXQG]ZDQ]LJ=HQWLPHWHUKRFKDOVR HLQ VLJDQHVLVFKHV )DEULNDW (U NRQQWH DOVR VRZRKO GHU VLJDQHVLVFKHQ 8627UXSSH DOV DXFKGHQVLJDQHVLVFKHQ,UUHJXOlUHQJHK|UHQ ,FKEOLFNWHPLFKXP
.DPSILP0RQGJHKLUQ
M
$WODQ
'DV 3ODVPDMXQJH ZLQNWH PLW EHLGHQ $UPHQ GDQQ ZXFKV HV H[SORVLRQVDUWLJ DQ XQGO|VWHVLFKODXWORVLQVHLQHPROHNXODUHQ%HVWDQGWHLOHDXI .XU]HQWVFKORVVHQVSDQQWHLFKGLH0XVNHOQIUHLQHQNXU]HQ6SXUWGDQQUDQQWH LFKORVYRUVLFKWVKDOEHULP=LFN]DFN 'RFKQLHPDQGVFKRDXIPLFK ,FK HUUHLFKWH GHQ *OHLWHU XQG VSUDQJ EHU GHQ %RUGUDQG 'LH 6LW]H ZDUHQ OHHU DEHUDXIGHP9RUGHUVLW]ODJHLQ:DIIHQJXUWPLWYROOHQ6WUDKOHUWDVFKHQ ,FKVWUHFNWHGLH+DQGDXVXQG]RJGHQ:DIIHQJXUWQlKHU 0HLQH$XJHQZXUGHQJUR $XIGHP3ODVWLNJUWHOSUDQJWHQJURXQGGHXWOLFKGLH,QLWLDOHQ/0 /HP\'DQJHU ,FK JODXEWH QLFKW GD GHU 2EHUVW VHLQHQ *OHLWHU IUHLZLOOLJ YHUODVVHQ KDWWH RKQH GHQ :DIIHQJXUW PLW]XQHKPHQ 2IW JHQXJ KDWWH HU XQV HLQJHSUlJW LP (LQVDW]JHELHW QLHPDOVGLH:DIIHQDE]XOHJHQDXFKQLFKWLP6FKODI ,FKUHFNWHPLFKXQGVSlKWHXPKHU 1LFKWV .HLQH6SXUYRQ/HP\'DQJHU ,FKPXWHPLU*HZLKHLWYHUVFKDIIHQ'HVKDOEVFKDOWHWHLFKQDFKNXU]HP=|JHUQ GHQ $UPEDQGWHOHNRP HLQ VWHOOWH LKQ DXI PLWWOHUH 5HLFKZHLWH XQG ULHI QDFK PHLQHP 9RUJHVHW]WHQ $OV 'DQJHU VLFK QDFK IQI 0LQXWHQ QLFKW JHPHOGHW KDWWH ZHQGHWH LFK GDV )DKU]HXJ XQG VWHXHUWH HV PLW +LOIH GHU HLQJHEDXWHQ 2ULHQWLHUXQJVDXWRPDWLN ]XU (LQVDW]EDVLV]XUFN &DFKDR %DQHHF VWDQG ]XVDPPHQ PLW HLQLJHQ DQGHUHQ 2IIL]LHUHQ GHU 7,7$1 , XQWHUKDOEXQVHUHV5DXPVFKLIIHVDOVLFKPLWGHP*OHLWHULQGHQ+DQJDUHLQIORJ 'HU.RPPDQGDQWNDPPLUHQWJHJHQ ³:DVLVWJHVFKHKHQ"´IUDJWHHUEHXQUXKLJW ³,FKIDQGGHQ*OHLWHUJHSDUNWXQGYHUODVVHQ´DQWZRUWHWHLFK³'DVLVWDOOHVZDV LFKZHL´ ³2EHUVW 'DQJHU KDW XQV YRU HWZD HOI 6WXQGHQ PLW GLHVHP *OHLWHU YHUODVVHQ´ PHLQWH%DQHHFXQGGHXWHWHDXIPHLQ)DKU]HXJ (UGUHKWHVLFKXPXQGULHI ³&DSWDLQ4XDOSDT´ (LQ MXQJHU 0DQQ ZDQGWH VLFK XP VDK KHUEHU XQG VHW]WH VLFK GDQQ LQ %HZHJXQJ ³-D6LU"´IUDJWHHU ³2EHUVW'DQJHULVWLQGHU,QSRWURQLNYHUVFKROOHQ&DSWDLQ´VDJWH%DQHHF³6WHOOHQ 6LH HLQ 6XFKNRPPDQGR YRQ ]ZDQ]LJ 0DQQ ]XVDPPHQ XQG GXUFKNlPPHQ 6LH JHPHLQVDPPLW0DMRU3DGLOORGLH,QSRWURQLN´ ,FKVFKWWHOWHGHQ.RSI ³(QWVFKXOGLJHQ6LHDEHUGDVKlWWHNHLQHQ6LQQ.RPPDQGDQW%DQHHF=ZDQ]LJ 0DQQ HUUHLFKHQ LQ GLHVHP JLJDQWLVFKHQ WHFKQLVFKHQ 'VFKXQJHO K|FKVWHQV GD VLH HQWGHFNWRGHUXPJHEUDFKWZHUGHQhEHU]ZDQ]LJ0LOOLRQHQ0DQQN|QQWHPDQUHGHQ´ ³,FK ELWWH 6LH 0DMRU 3DGLOOR´ VDJWH &DFKDR %DQHHF ³:RKHU VROO LFK ]ZDQ]LJ 0LOOLRQHQ0DQQQHKPHQ´ ,FKOlFKHOWH
.DPSILP0RQGJHKLUQ
M
$WODQ
³(EHQ 6LU 'HVKDOE IDKUH LFK DOOHLQ ]XUFN *HPHLQVDP PLW &DSWDLQ 3\FR XQG &DSWDLQ 2WULQRW ZHUGH LFK GHQ 2EHUVW VLFKHU ILQGHQ $OOHUGLQJV GHQNH LFK GD ZLU GLH DQJHERWHQHQ]ZDQ]LJ0DQQLQQlFKVWHU=HLWGRFKQRFKEUDXFKHQZHUGHQ´ ³(LQ NXU]HU .RGHLPSXOV JHQJW 0DMRU 3DGLOOR´ YHUVLFKHUWH GHU .RPPDQGDQW OLHEHQVZUGLJ :LU YHUHLQEDUWHQ GDV HQWVSUHFKHQGH 6LJQDO GDQQ VWHXHUWH LFK 'DQJHUV *OHLWHU ZLHGHU]XUFNLQGDVJLJDQWLVFKH*HZLUUGHUOXQDUHQ,QSRWURQLN
'LH 2ULHQWLHUXQJVDXWRPDWLN GHV *OHLWHUV DUEHLWHWH VR KHUYRUUDJHQG ZLH PDQ HV YRQHLQHP*HUlWGHV7LSSHUDU\7\SVQXUHUZDUWHQNRQQWH ,QQHUKDOE YRQ VLHEHQXQGGUHLLJ 0LQXWHQ KDWWH LFK ]XU VRJHQDQQWHQ ,QWHUQ%DVLV GHP+RZDOJRQLXP9HUVWHFN]XUFNJHIXQGHQ ³1LFKWVFKLHHQ´ULHILFK³,FKELQHV&RUWR´ 1LHPDQGDQWZRUWHWH ,FK VHXI]WH XQG VFKZDQJ PLFK EHU GLH %RUGZDQG KLQDXV 0HLQH .ROOHJHQ VFKLHQHQ ]X JODXEHQ PDQ N|QQWH NULPLQDOLVWLVFKH $UEHLW LP 6FKODI HUOHGLJHQ :DKUVFKHLQOLFK KDWWHQ VLH VLFK DXV SXUHU /DQJHZHLOH GLH %lXFKH YROOJHVFKODJHQ XQG ZDUHQDQVFKOLHHQGLQWLHIHQ6FKODIYHUVXQNHQ 'DIUKDWWHQVLHHLQHQNOHLQHQ'HQN]HWWHOYHUGLHQW ,FK VFKOLFK ]X GHP 6SDOW GHU LQV ,QQHUH GHU .ULVWDOO%DOOXQJ IKUWH OHJWH GLH +lQGHWULFKWHUI|UPLJYRUGHQ0XQGXQGULHIVRODXWLFKNRQQWH ³'LH(UWUXVHUNRPPHQ5HWWHVLFKZHUNDQQ´ 'DQQWUDWLFK]XU6HLWHXPQLFKWXPJHUDQQW]XZHUGHQZHQQPHLQH*HIlKUWHQLQ KHOOHU3DQLNLQV)UHLHVWU]WHQ,QGHU9RUIUHXGHDXIGLHVHQ$QEOLFNODFKWHLFKVFKRQMHW]W ODXWORV 1DWUOLFKPHLQWHQZLU6LJDQHVHQGHQ5XI³GLH(UWUXVHUNRPPHQ´QLFKWZ|UWOLFK(U EHGHXWHWH VRYLHO ZLH ³K|FKVWH $ODUPVWXIH´ RGHU ³.DWDVWURSKHQDODUP´ XQG ZDU DXV GHQ YLHOHQ 6WLFKHOHLHQ HQWVWDQGHQ GLH ]ZLVFKHQ (UWUXVHUQ XQG 6LJDQHVHQ DXVJHWDXVFKW ZXUGHQVRRIWGLH*HOHJHQKHLWJQVWLJZDUµ $OV PHLQH .ROOHJHQ QDFK HLQHU KDOEHQ 0LQXWH LPPHU QRFK QLFKW HUVFKLHQHQ ZDUHQ]XFNWHLFKHQWWlXVFKWGLH6FKXOWHUQ 2IIHQEDUVFKOLHIHQVLHVRIHVWGDVLHPLFKQLFKWK|UHQNRQQWHQ ,FK VFKDOWHWH GLH %UXVWODPSH HLQ XQG VWLHJ LQ GHQ *DQJ PLW VHLQHQ EL]DUU JHIRUPWHQ IXQNHOQGHQ XQG PHVVHUVFKDUIHQ :lQGHQ 1DFK ZHQLJHQ 6FKULWWHQ NQDFNWH HVVFKDUIXQWHUPHLQHPUHFKWHQ)X ,FKVWW]WHPLFKPLWGHQ)LQJHUVSLW]HQDQGHQ*DQJZlQGHQDEXQGKREGHQ)X 'DUXQWHUNDPHLQ]HUEURFKHQHU3ODVWLNEHFKHU]XP9RUVFKHLQ 0HLQ*HVLFKWU|WHWHVLFKYRU=RUQ 1LFKW QXU GD 3\FR XQG 2WULQRW EHLGH IHVW VFKOLHIHQ VLH EHQXW]WHQ DXFK QRFK GHQ=XJDQJ]XLKUHP*HKHLPYHUVWHFNDOV0OOWRQQH 'LHVH6FKDQGHIUGDVVLJDQHVLVFKH862.RUSV ,FKEOLHEHLQH:HLOHVWHKHQXPPHLQHQ=RUQDENOLQJHQ]XODVVHQGDQQVHW]WH LFKPHLQHQ:HJIRUW .XU]GDUDXIILHOGHU/LFKWNHJHOPHLQHU/DVHUODPSHDXIGHQ%RGHQGHU.DYHUQH
.DPSILP0RQGJHKLUQ
M
$WODQ
XQGHUHQWKOOWHHLQHQXQRUGHQWOLFKHQ/DJHUSODW]PLWDQJHEURFKHQHQ.RQVHUYHQGRVHQ YHUVFKWWHWHP(VVHQHLQHUOHHUHQ7ULQNIODVFKHXQG]ZHL,QWHUYDOO'HVLQWHJUDWRUHQ ,FK VSUDQJ LQ GLH .DYHUQH ZLUEHOWH KHUXP XQG ULFKWHWH GLH $EVWUDKOPQGXQJ PHLQHV ,QWHUYDOO'HVLQWHJUDWRUV DXI GHQ *DQJ ,QVJHKHLP OHLVWHWH LFK PHLQHQ .ROOHJHQ JHJHQEHU$EELWWH 6LH PRFKWHQ YLHOOHLFKW QLFKWJHUDGH 0XVWHUEHLVSLHOH IU VLJDQHVLVFKH 2UGQXQJVOLHEHVHLQDEHUVLHZDUHQNHLQHVZHJVVRXQRUGHQWOLFKGDVLHGLH.DYHUQHLQ HLQHPVROFKHQ=XVWDQG]XUFNJHODVVHQKlWWHQ *DQ]]XVFKZHLJHQYRQGHQEHLGHQ,QWHUYDOO'HVLQWHJUDWRUHQ 'LH6DERWHXUHPXWHQ3\FRXQG2WULQRWEHUZlOWLJWXQGPLWJHQRPPHQKDEHQ 6RZLHVLH2EHUVW/HP\'DQJHUEHUZlOWLJWXQGHQWIKUWKDWWHQ 0LU ZXUGH VFKOHFKW DOV LFK GDUDQ GDFKWH GD LFK QXQ DOOHLQ JHJHQ GLH ,UUHJXOlUHQPHLQHV9RONHVVWDQG 'RFK GDV KLHOW QLFKW ODQJH DQ 'LH 6RUJH XP GHQ $QWLJUDY*OHLWHU EHZRJ PLFK GLHEHLGHQ,QWHUYDOO'HVLQWHJUDWRUHQDXI]XKHEHQXQGGLH.DYHUQH]XYHUODVVHQ $OVLFKLQV)UHLHWUDWDWPHWHLFKDXI 'HU*OHLWHUVFKZHEWHXQYHUVHKUWLQ3DUNK|KHEHUGHP%RGHQ ,FK ZUGH ZRKO GRFK 9HUVWlUNXQJ DQIRUGHUQ PVVHQ GD LFK HV QLFKW YHUDQWZRUWHQNRQQWHQXUDOOHLQQDFKGHQ9HUPLWHQ]XVXFKHQ (LQVFKZDFKHV6XUUHQOLHPLFKQDFKREHQEOLFNHQ ,FK OlFKHOWH DOV LFK GLH ]ZHL EHLQDKH PDQQVJURHQ +DXWIOJOHU VDK GLH XP HLQHQ$EVWUDKOWXUPNUHLVWHQ:LU6LJDQHVHQYHUVWDQGHQXQVPLW,QVHNWHQDOOHU$UWVHKU JXW²XQGGLHVH6\PSDWKLHEHUXKWHDXI*HJHQVHLWLJNHLW 9LHOOHLFKW ODJ HV GDUDQ GD HV DXI 6LJD NHLQH KHLPLVFKHQ ,QVHNWHQ JDERGHU HLQIDFKGDUDQGDZLUNOHLQJHQXJZDUHQXPGLHPHLVWHQ,QVHNWHQDOV/HEHZHVHQPLW JOHLFKHP ([LVWHQ]UHFKW ]X DN]HSWLHUHQ %HL GHQ 7HUUDQHUQ ZDU GDV JDU QLFKW VHOEVWYHUVWlQGOLFK ]ZLVFKHQ LKQHQ XQG GHQ PHLVWHQ ,QVHNWHQ EHVWDQG VHLW DOWHUV KHU HLQHHUELWWHUWH)HLQGVFKDIW /DQJVDP NDPHQ GLH GUHL ,QVHNWHQ WLHIHU ,KUH JHlGHUWHQ +DXWIOJHO VXUUWHQ GLH VWDUNWDLOOLHUWHQ.|USHUVFKLPPHUWHQZLHSXUHV*ROGPLWVFKZDU]HQ6WUHLIHQ ,FKVFKZDQJPLFKLQGHQ*OHLWHU|IIQHWHGLH9HUSIOHJXQJVNLVWHXQGQDKPHLQHQ %HXWHO:UIHO]XFNHU²HLQ0LOOLPHWHU.DQWHQOlQJHKHUDXV'DQQOHKQWHRFKPLFK]XUFN QDKPHLQ6WFN=XFNHULQGLH+DQGXQGZDUIHVKLQDXI (LQHV GHU ,QVHNWHQ VWU]WH KHUDE VFKQDSSWH PLW GHQ %HLZHUN]HXJHQ ]X XQG VWLHJVFKULOOVXPPHQGZLHGHUHPSRU ,FK OLH DXFK GHQ EHLGHQ DQGHUHQ ,QVHNWHQ HWZDV YRQ GHP :UIHO]XFNHU ]XNRPPHQ=XWUDXOLFKNDPHQGLH7LHUHWLHIHUODQGHWHQXQGOHJWHQGLH9RUGHUEHLQHEHU GHQ%RUGUDQGGHV*OHLWHUV,KUHJURHQ)DFHWWHQDXJHQEOLFNWHQPLFKDQZlKUHQGGLH %HLXQG.DXZHUN]HXJHVLFKXQDXIK|UOLFKEHZHJWHQ'LH)KOHUWDVWHWHQPLFKXQGGHQ ,QKDOWGHV*OHLWHUVEHKXWVDPDE 1DFK HLQLJHU =HLW IDQG LFK GD LFK PLFK YHUDEVFKLHGHQ VROOWH ,FK PXWH VFKOLHOLFKPHLQHYHUVFKROOHQHQ*HIlKUWHQVXFKHQ$OVRVFKRELFKGLH9RUGHUEHLQHGHU JROGIDUEHQHQ,QVHNWHQEHKXWVDPQDFKGUDXHQXQGVDJWH ³6SlWHUZLOOLFKHXFKJHUQZLHGHUHWZDV]XQDVFKHQJHEHQ$XIEDOG´ 6LHVWDUUWHQPLUHLQZHQLJHQWWlXVFKWQDFKDOVLFKGHQ*OHLWHUEHVFKOHXQLJWH ,FKIORJYLHOOHLFKWIQI0LQXWHQDOVPLUSO|W]OLFKGDV8QJHKHXHUOLFKHGHV(UOHEWHQ
.DPSILP0RQGJHKLUQ
M
$WODQ
]X%HZXWVHLQNDP :LHJHODQJWHQ,QVHNWHQLQGDV*HZLUUGHUOXQDUHQLQSRWURQLN1DWKDQ" ,FKVWHXHUWHPHLQ)DKU]HXJXQWHUHLQH.DEHOEUFNHXQGKLHOWHVDQ 0HLQH +DQGIOlFKHQ ZXUGHQ IHXFKW hEHUDOO DP .|USHU SHUOWH GHU 6FKZHL DXV GHQ3RUHQ ,FK EOLFNWH PLFK YHUVWRKOHQ LQ GHP EHlQJVWLJHQGHQ *HZLUU DXV SRVLWURQLVFKHQ (OHPHQWHQ XP XQG YHUVXFKWH JHGDQNOLFK ]X HUJUQGHQ RE LFK DQ +DOOX]LQDWLRQHQ OLWW RGHURELFKGLHJROGIDUEHQHQ,QVHNWHQZLUNOLFKJHVHKHQKDWWH 1DFKGHQNOLFK EHWUDFKWHWH LFK GHQ OHHUHQ %HXWHO LQ GHP VLFK :UIHO]XFNHU EHIXQGHQKDWWH'XUIWHLFKLKQDOV%HZHLVPLWWHOIUGLH%HJHJQXQJHLQVWXIHQ" 1HLQ GHU %HXWHO VWHOOWH NHLQ %HZHLVVWFN GDU :HQQ PHLQ *HLVW VLFK YHUZLUUW KDWWHGDQQZDUHVP|JOLFKGDLFKGHQ=XFNHUHLQIDFKDXVJHVFKWWHWKDWWH ,Q1DWKDQNRQQWHHVNHLQH,QVHNWHQJHEHQ 'LH ,QSRWURQLN ZDU KHUPHWLVFK JHJHQ GLH $XHQZHOW DEJHVFKORVVHQ XQG GLH .OLPDDQODJH ZXUGH QLFKW YRQ DXHQ PLW /XIW YHUVRUJW VRQGHUQ UHJHQHULHUWH GLH $WPRVSKlUHLQHLQHPJHVFKORVVHQHQ.UHLVODXI :LHDOVRVROOWHDXFKQXUHLQHLQ]LJHV,QVHNWLQGDV*HKLUQHLQGULQJHQ" ,FKODFKWH²XQGEUDFKSO|W]OLFKDE 9RUNXU]HPKlWWHLFKHVDXFKIUXQP|JOLFKJHKDOWHQGDVLFK6DERWHXUHLQGLH OXQDUH,QSRWURQLNVFKOHLFKHQNRQQWHQ²XQGGRFKKDWWHQVLHHVJHWDQ 1XQ GXUIWH PDQ VHOEVWYHUVWlQGOLFK GLH 0|JOLFKNHLWHQ YRQ ,QVHNWHQ XQG KRFKLQWHOOLJHQWHQ/HEHZHVHQQLFKWYHUJOHLFKHQ'LHVLJDQHVLVFKHQ,UUHJXOlUHQYRUIJWHQ EHU UDIILQLHUWHVWH WHFKQLVFKH 0LWWHO VRQVW ZlUH HV LKQHQ QLHPDOV JHOXQJHQ GDV DXVJHNOJHOWH6LFKHUKHLWVV\VWHP1DWKDQV]XEHUZLQGHQ ,FKUDXIWHPLUGLH+DDUH 1LFKW HLQHV GHU ,QVHNWHQ KlWWH GLH JHULQJVWH &KDQFH JHKDEW LQV ,QQHUH GHU ,QSRWURQLNHLQ]XGULQJHQ :WHQGKLHELFKDXIGDV$UPDWXUHQEUHWWGHV*OHLWHUV'DV)DKU]HXJIXKUUFNHQG DQ XQG GHU $XWRSLORW VFKDOWHWH VLFK HLQ ,Q UDVHQGHU )DKUW NXUYWH GHU *OHLWHU GXUFK :lOGHUYRQ.DEHOVWUlQJHQJROGHQJOLW]HUQGHQ*ODVIDVHUEVFKHOQGXUFKGLHXQDEOlVVLJ 3KRWRQHQVWU|PH MDJWHQ YRUEHL DQ KDXVJURHQ²IU 6LJDQHVHQ KDXVJURHQ² 7HLOFKHQILOWHUQ XQG EHU .XQVWVWRIIJLWWHU GLH EHU XQG EHU PLW VWUHLFKKRO]NRSIJURHQ +RFKHQHUJLHVFKDOWNUHLVHQEHVHW]WZDUHQ 'HU KHIWLJH 5XFN GHV $QIDKUHQV KDWWH PLFK DXI GHQ %RGHQ GHV )DKU]HXJHV JHVFKOHXGHUW(VGDXHUWHHLQLJH=HLWELVLFKPLFKVRZHLWQDFKYRUQJH]RJHQKDWWHGD LFKGLH6WRSSWDVWHGUFNHQNRQQWH 'HU*OHLWHUKLHOWXQGJLQJDXI3DUNK|KHKHUDE /LQNV YRQ PLU WUPWH VLFK HLQ :DOG YRQ .DEHONOHPPHQ DXI UHFKWV YHUOLHI HLQ WUDQVSDUHQWHV.XQVWVWRIIURKULQGHPHLQHNODUH)OVVLJNHLWWUlJHGDKLQWULHE +|FKVWZDKUVFKHLQOLFKKDQGHOWHHVVLFKXPGLH/HLWXQJGXUFKGLHGDV%LRSODVPD 1DWKDQVPLWGHUOHEHQVZLFKWLJHQ.|USHUIOVVLJNHLWYHUVRUJWZXUGH (LQ6WFNZHLWHUPQGHWHGDV5RKULQHLQHQELUQHQI|UPLJHQ%HKlOWHULQGHPHLQ 6FKDXIHOUDGGDV:DVVHUIRUWEHZHJWH hEHU GLHVHU /HLWXQJ YHUOLHI LKU *HJHQVWFN LQ GHP HLQH )OVVLJNHLW LQ XPJHNHKUWHU 5LFKWXQJ IOR 'LHVH )OVVLJNHLW ZDU OHLFKW JHWUEW (V KDQGHOWH VLFK ZDKUVFKHLQOLFKXPGLHIOVVLJHQ$XVVFKHLGXQJHQGHV3ODVPDV
.DPSILP0RQGJHKLUQ
M
$WODQ
$XFK KLHU JDE HV GLH ELUQHQI|UPLJHQ =ZLVFKHQVWFNH PLW 6FKDXIHOUlGHUQ 8QWHUVFKLHGHEHVWDQGHQQLFKW .DXP KDWWH LFK GDV JHGDFKW GD ILHO PHLQ %OLFN DXI GLH QlFKVWH %HVFKOHXQLJXQJVELUQHGHU$EZDVVHUOHLWXQJ (WZDV GDUDQ XQWHUVFKLHG VLFK HUKHEOLFK YRQ VHLQHP *HJHQVWFN GHU 9HUVRUJXQJVOHLWXQJ ,QGHQ6FKDXIHOUlGHUQKLQJLUJHQGHLQ)UHPGN|UQHU ,PQlFKVWHQ0RPHQWZHLWHWHQVLFKPHLQH$XJHQ 'DV ZDU QLFKW HLQ EHOLHELJHU )UHPGN|USHU VRQGHUQ HLQ 0HQVFK²XQG ]ZDU HLQ 6LJDQHVHQDFKVHLQHU.|USHUJU|H]XXUWHLOHQ8QGGHU0HQVFKZLQNWHZLHYHUUFNWPLW EHLGHQ+lQGHQZlKUHQGHULQHLQHPO|IIHOI|UPLJHQ6FKDXIHOUDGXPKHUJHZLUEHOWZXUGH (LQ0HQVFKLQ1RW ,FKDNWLYLHUWHPHLQ)OXJDJJUHJDWXQGVWDUWHWHVHQNUHFKWDXVGHP*OHLWHUKHUDXV 0HLQ3ODQZDULP%UXFKWHLOHLQHU6HNXQGHJHIDW 8QPLWWHOEDUYRUGHU%HVFKOHXQLJXQJVELUQHKLHOWLFKLQGHU/XIWDQXQGVFKRPLW GHP,PSXOVVWUDKOHUHLQNOHLQHV/RFKLQGLH/HLWXQJ 6RIRUWNDPHLQDUPGLFNHU:DVVHUVWUDKOKHUDXV'LH)OVVLJNHLWLQGHU%LUQHVDQN UDSLGHDEELVVLHQXUQRFKGHQ%RGHQEHGHFNWH :LHLFKHUZDUWHWKDWWHPHOGHWHQGLH6HQVRUHQGHU6FKDXIHOUlGHUGHQ$XVIDOOGHV )OVVLJNHLWVNRQWDNWHV ZRUDXIKLQ HLQH ZLQ]LJH (OHNWURQLN HQWVFKLHG GD HLQH ZHLWHUH 7lWLJNHLWGHV6FKDXIHOUDGHVVLQQORVVHL $OV GDV 5DG ]XP 6WLOOVWDQG NDP VFKZHEWH LFK EHUHLWV EHU GHU %HVFKOHXQLJXQJVELUQH,FKVFKUDXEWHGLH9HUVFKOXNDSSHGHU5HSDUDWXU|IIQXQJDEXQG VSlKWHQDFKXQWHQ 'HU 0HQVFK ZDU DXV GHP 6FKDXIHOUDG JHIDOOHQ XQG ODJ DXI GHP %RGHQ GHU %LUQH/DQJVDPULFKWHWHHUVLFKDXI $OVHUPLUGDV*HVLFKWKLQWHUGHU6FKHLEHGHV'UXFNKHOPHV]XZDQGWHYHUVFKOXJ HVPLUGLH6SUDFKH 'HQQ GHU 0HQVFK DXV GHP 6FKDXIHOUDG ZDU NHLQ DQGHUHU DOV 2EHUVW /HP\ 'DQJHU 'DQJHU DOOHUGLQJV WHLOWH PHLQH hEHUUDVFKXQJ QLFKW ,Q PHLQHP +HOPWHOHNRP NQDFNWHHVGDQQVDJWHGHU2EHUVW ³%LWWH JHKHQ 6LH DXV GHP :HJ GDPLW LFK GLH %LUQH YHUODVVHQ NDQQ 0DMRU 3DGLOOR(VZLUGQLFKWODQJHGDXHUQELVGLHHUVWHQ5HSDUDWXUURERWHUKLHUHLQWUHIIHQ´
.DXP KDWWH LFK GLH gIIQXQJ IUHLJHJHEHQ VFKDOWHWH /HP\ 'DQJHU VHLQ )OXJDJJUHJDWHLQXQGVFKRDQPLUYRUEHLLQV)UHLH :LUIORJHQ]XP*OHLWHUQDKPHQ3ODW]XQGIXKUHQVRIRUWORV,FKULFKWHWHGHQ.XUV VRHLQGDZLUGHQ=HOOSODVPD%HWWXQJVVHNWRULQZHLWHP%RJHQXPJHKHQXQGXQVLKP YRQGHUDQGHUHQ6HLWHQlKHUQZUGHQ 'HU2EHUVWNODSSWHVHLQHQ+HOP]XUFNPXVWHUWHHUVWPLFKGDQQGLH.RQWUROOHQ GHV*OHLWHUVXQGIUDJWH ³:DUXPIDKUHQ6LHQLFKWHUVW]XU,QWHUEDVLVXQGKROHQ,KUH.ROOHJHQDE3DGLOOR"´ ³:HLO3\FRXQG2WULQRWYHUVFKZXQGHQVLQG6LU´DQWZRUWHWHLFK
.DPSILP0RQGJHKLUQ
M
$WODQ
'DQDFK EHULFKWHWH LFK LKP DOOHV ZDV VHLW VHLQHP $XIEUXFK DXV GHU .ULVWDOO%DOOXQJ JHVFKHKHQ ZDU²HLQVFKOLHOLFK GHU %HJHJQXQJ PLW GHQ QDVFKKDIWHQ ,QVHNWHQ ³2 YHUIOL[W ³ HQWIXKU HV 'DQJHU DOV LFK DQ GLHVHU 6WHOOH PHLQHV %HULFKWHV DQODQJWH ,FK Z|OEWH GLH %UDXHQ GD LFK GHUDUWLJ RUGLQlUH $XVGUFNH QXU YRQ XQVHUHQ JURZFKVLJHQ WHUUDQLVFKHQ 9HWWHUQ JHZ|KQW ZDU 2IIHQVLFKWOLFK KDWWH GHU 2EHUVW ]X ODQJHPLW6RODULHUQXQGGHQQRFKVFKOLPPHUHQ(UWUXVHUQ]XVDPPHQJHDUEHLWHW 'DV HUNOlUWH ZRKO DXFK GD /HP\ 'DQJHU PHLQ HLVLJHV 6FKZHLJHQ PLW LURQLVFKHP/lFKHOQTXLWWLHUWH ³'LHVH JROGIDUEHQHQ ,QVHNWHQ GLH 6LH VR ]XYRUNRPPHQG PLW XQVHUHP :UIHO]XFNHU JHIWWHUW KDEHQ 0DMRU 3DGLOOR´ HUNOlUWH HU ³VLQG GLH 9HUEQGHWHQ GHU LUUHJXOlUHQ 6LJDQHVHQ 6LH Q KRUWHQ VLFK PLU EHL HLQHP +DOW XQG KDWWHQ PLFK EHUZlOWLJWEHYRULFKDXIGHQ*HGDQNHQNDP´VLHN|QQWHQE|VDUWLJVHLQ´ ³6LH VLQG QLFKW E|VDUWLJ 2EHUVW´³ ZLGHUVSUDFK LFK ³,FK ELQ VLFKHU ZHQQ 6LH GLH *ROGIDUEHQHQPLW=XFNHUJHIWWHUW´ /HP\'DQJHUKREGLH+DQGXQGVDJWHHQHUJLVFK ³0DFKHQ 6LH VLFK QLFKW OlFKHUOLFK &DSWDLQ :HQQ DOOH ,QVHNWHQ GHQHQ 6LH LQ ,KUHP /HEHQ EHJHJQHWHQ´ 6LH QXU YHUVFKRQW KlWWHQ ZHQQ 6LH YRQ ,KQHQ PLW =XFNHU JHIWWHUWZXUGHQGDQQZlUHQ6LHLQ]ZLVFKHQWDXVHQGPDOJHIUHVVHQZRUGHQ´ $OVLFKJULQVWHIJWHHUKLQ]X ³1DWUOLFKPHLQHLFKGDVQLFKWZ|UWOLFK´ ³,FKKDEH6LHYHUVWDQGHQ2EHUVW´³HUZLGHUWHLFK³.|QQWHQ6LHPLUEHULFKWHQZLH HV,KQHQHUJLQJ´GDPLWLFKPLUHLQXPIDVVHQGHV%LOGYRQXQVHUHU/DJHPDFKHQNDQQ"´ 'DQJHUQLFNWH ³'LH ,QVHNWHQ SDFNWHQ PLFK DQ $UPHQ XQG %HLQHQ VR GD LFK ZHGHU DQ PHLQH :DIIH QRFK DQ GLH 6FKDOWXQJHQ PHLQHV (LQVDW]DQ]XJHV KHUDQNDP 'DQQ WUXJHQ VLH PLFKLQHLQHQ7HLOVHNWRUGHV%LRSODVPDV´ (UVFKWWHOWHVLFK ³'RUWOHEHQGLH,QVHNWHQDQVFKHLQHQGLQ6\PELRVHPLWGHP3ODVPD6LHKDEHQLQ GHU 0DVVH LKUH 1HVWHU DQJHOHJW 'LH :lUPH GHV %LRSODVPDV EUWHW GLH (LHU DXV XQG GLHGDUDXVVFKOSIHQGHQ0DGHQHUQlKUHQVLFKYRQGHP3ODVPD´ ³8QG GDV OlW GDV 3ODVPD VLFK JHIDOOHQ"´ IUDJWH LFK´'DV LVW GRFK NHLQH 6\PELRVHVRQGHUQ3DUDVLWLVPXV´ ³´,FK =ZDU QRFK QLFKW IHUWLJ´ HQWJHJQHWH /HP\ 'DQJHU JHODVVHQ µ´'DV 3ODVPD VDXJWQlPOLFKGLH$XVVFKHLGXQJHQGHU0DGHQJLHULJDXI:DKUVFKHLQOLFKHQWKDOWHQVLH 6WRIIHGLHZLFKWLJIUGLH/HEHQVSUR]HVVHGHV3ODVPDVVLQG´ ³$KD³PDFKWHLFK³8QGKDEHQ6LHGRUW,UUHJXOlUHJHWURIIHQ2EHUVW"´ ³'DVQLFKWDEHUHVJLEWGRUWHLQHDNXVWLVFKRSWLVFKH6LJQDODQODJHXQGLFNRQQWH EHREDFKWHQ GD GLH ,QVHNWHQ DXI 6LJQDOH UHDJLHUWHQ 6LH ZHUGHQ DOVR LQGLUHNW IHUQJHVWHXHUW´ ³:DKUVFKHLQOLFKDNWLYLHUHQGLH6LJQDOHEHVWLPPWH7ULHENUHLVH´EHUOHJWHLFKODXW ³(V IHKOHQ DOVR NODU DN]HQWXLHUWH %HIHKOH 'DV N|QQWH GHU *UXQG GDIU JHZHVHQ VHLQ GD GHU $QEOLFN GHV :UIHO]XFNHUV GHQ $JJUHVVLRQVWULHE ]XJXQVWHQ GHV )UHWULHEHV YHUGUlQJWH¶ ³-DGDVOHXFKWHWPLUHLQ´PHLQWHGHU2EHUVW
.DPSILP0RQGJHKLUQ
M
$WODQ
(UVFKREVLFKHLQHQ.RQ]HQWUDWULHJHOLQGHQ0XQG ³.XU]QDFKPHLQHU$QNXQIWPXHWZDVJHVFKHKHQVHLQGDVGLH*ROGIDUEHQHQLQ (UUHJXQJ YHUVHW]WH 'LH ,QVHNWHQ´ GLH DQJHIDQJHQ KDWWHQ PLFK ]X HQWNOHLGHQ OLHHQ PLFKHLQIDFKOLHJHQXQGVFKZLUUWHQGDYRQ ,FK VFKOR PHLQHQ (LQVDW]DQ]XJ XQG RULHQWLHUWH PLFK 'LH $EZDVVHUOHLWXQJ HUVFKLHQPLUDOVGHUEHVWH:HJDXVGHP3ODVPDVHNWRU/HLGHUHUIDWHPLFKGDVGULWWH 6FKDXIHOUDGXQGOLHPLFKQLFKWPHKUORV´ %HL VHLQHQ OHW]WHQ 6lW]HQ KRUWH LFK JDU QLFKW PHKU ULFKWLJ ]X 0LFK EHVFKlIWLJWH HWZDVGDV2EHUVW'DQJHUYRUKHUJHVDJWKDWWH ³6LQG 6LH VLFKHU GD GLH ,QVHNWHQ 6LH HQWNOHLGHQ ZROOWHQ´ 6LU"´ HUNXQGLJWH LFK PLFK ³9|OOLJVLFKHU:DUXP0DMRU"´ ³+DEHQ 6LH HLQH $KQXQJ ZDUXP GLH ,QVHNWHQ 6LH HQWNOHLGHQ ZROOWHQ"´ IRUVFKWH LFKZHLWHU³:HJHQ,KUHU6FK|QKHLW"´ 2EHUVW/HP\'DQJHUEHNDPHLQGXQNHOJUQHV*HVLFKW ³´(LQ 8626SH]LDOLVW KDW DOOH YHUIJEDUHQ )DNWHQ P|JOLFKVW VDFKOLFK ]XSUIHQ XQG VLFK QLFKW ]X HPRWLRQHOOHU $QWHLOQDKPH KLQUHLHQ ]X ODVVHQ´ HUNOlUWH HU HLVLJ ³(U GDUILKUH%HGHXWXQJDXFKQLFKWGXUFK:LW]HOHLHQKHUXQWHUVSLHOHQ´ ,FKEOLHEY|OOLJHUQVWXQGEOLFNWH'DQJHUVFKZHLJHQGDQ 'DEHJULIIHUZRUDXILFKKLQDXVJHZROOWKDWWH'LHVPDOYHUIlUEWHVLFKVHLQ*HVLFKW ]XPEODVVHVWHQ*UQGDVLFKMHJHVHKHQKDWWH ³6LHPHLQHQGLH,QVHNWHQKlWWHQPLFKYHUVSHLVHQZROOHQ"´IOVWHUWHHU ,FKQLFNWH ³+|FKVWZDKUVFKHLQOLFKYLHOOHLFKW ZDUHQ 6LH DXFK DOV 1DKUXQJ IU GLH 0DGHQ EHVWLPPW6LU´ ,FKKROWHWLHI/XIW ³+RIIHQWOLFKEHILQGHQVLFK3\FRXQG2WULQRWQLFKWLQGHU*HZDOWGHU,QVHNWHQ´ /HP\ 'DQJHU VFKOXFNWH $EHU HU EHQ|WLJWH QXU ZHQLJH 6HNXQGHQ XP HLQHQ (QWVFKOX]XIDVVHQ ³:LU JHKHQ ]X GHP 3ODVPDVHNWRU PLW GHP GLH ,QVHNWHQ LQ 6\PELRVH OHEHQ 0DMRU 3DGLOOR :HQQ ZLU XQVHUH +HOPH VFKOLHHQ XQG QRWIDOOV GLH ,QGLYLGXDOVFKLUPH DNWLYLHUHQN|QQHQGLH,QVHNWHQXQVQLFKWVDQKDEHQ $OOHUGLQJV PVVHQ ZLU YHUPHLGHQ GD ]XYLHO 8QUXKH LP 6\PELRVH6HNWRU HQWVWHKW 'DGXUFK N|QQWHQ HYHQWXHOO GLH ,UUHJXOlUHQ DXIPHUNVDP ZHUGHQ :LU VFKZLPPHQGXUFKGDV)ULVFKZDVVHUURKU]XP3ODVPD¶ ³8QGZLUQHKPHQGHQ:UIHO]XFNHUPLW6LU´HUJlQ]WHLFK /HP\'DQJHUOlFKHOWH ³(LQYHUVWDQGHQ´ ,FK VWHXHUWH LQ KDOENUHLVI|UPLJHP %RJHQ DXI GLH )ULVFKZDVVHUOHLWXQJ ]X XQG VXFKWHQDFKHLQHP9HUVWHFNIUGHQ*OHLWHU 6FKOLHOLFK SDUNWH LFK LQ GHP *HZLUU HLQHV YROODXWRPDWLVFKHQ 3KDVHQVFKLHEHU .RPSOH[HV 1XU ZHQLJH 0HWHU HQWIHUQW VDKHQ ZLU HLQH %HVFKOHXQLJXQJVELUQH GHU )ULVFKZDVVHUOHLWXQJ 'RFK ZLU PXWHQ QRFK ZDUWHQ GHQQ YRQ GHU PDWW HUKHOOWHQ (WDJHQGHFNH VFKZHEWHQVXUUHQG]ZHLULHVLJH0DVFKLQHQKHUDE,KUH.DQWHQOlQJHEHWUXJHWZDGUHLLJ PDO YLHU]LJ =HQWLPHWHU ,Q GHU 1lKH GHV /RFKHV´ GDV LFK LQ GLH $EZlVVHUOHLWXQJ
.DPSILP0RQGJHKLUQ
M
$WODQ
JHVFKQLWWHQKDWWHVHW]WHQVLHDXI ,P QlFKVWHQ $XJHQEOLFN ELOGHWHQ VLFK DQ LKUHQ :lQGHQ gIIQXQJHQ´ XQG ]Z|OI NOHLQH IOLHJHQGH 5RERWHU KXVFKWHQ KHUDXV (LQLJH NPPHUWHQ VLFK XP GDV /HFN GLH PHLVWHQMHGRFKVFKZlUPWHQDXVXQG]RJHQLPPHUZHLWHUH.UHLVH /HP\'DQJHUXQGLFKVDKHQXQVDQ :LUZXWHQZDVGLH5RERWHUVXFKWHQXQV 8QG VLH ZUGHQ VLFK NDXP GXUFK :UIHO]XFNHU YRQ LKUHU $XIJDEH DEOHQNHQ ODVVHQZLHGLH6\PELRVH,QVHNWHQ ³*DQ] UXKLJ´ IOVWHUWH 'DQJHU ³(V JLEW QXU ]ZHL 0|JOLFKNHLWHQ HQWZHGHU VLH ILQGHQXQVRGHUVLHILQGHQXQVQLFKW´ ³6HKUZLW]LJ6LU´HUZLGHUWHLFK 'HU 2EHUVW JULQVWH XQG VWLH PLU GHQ VWHLI DXVJHVWUHFNWHQ =HLJHILQJHU LQ GLH NXU]HQ5LSSHQ ³0LULVWHEHQHLQJHIDOOHQGDZLUHLQHGULWWH0|JOLFKNHLWKLQ]DXEHUQN|QQHQ²IDOOV VLHXQVGLHVPDOQLFKWHQWGHFNHQ0DMRU´ ³$KD´ ³:DVKDOWHQ6LHGDYRQ6LHILQGHQXQV²DEHUVLHEHDFKWHQXQVQLFKW¶´ ³'DV ZlUH JURDUWLJ´ 6LU´ DQWZRUWHWH LFK ³0HLQHQ 6LH GD PDQ GLHVHQ 0DVFKLQHQ'LVNUHWLRQEHLEULQJHQNDQQ"´ 6WDWW HLQHU $QWZRUW EHNDP LFK 'DQJHUV +DQG LQV *HQLFN 'HU 2EHUVW GUFNWH PLFKWLHILQGHQVFKDOHQI|UPLJHQ,QQHQUDXPGHV*OHLWHUVXQGGXFNWHVLFKHEHQIDOOV :HQLJH 6HNXQGHQ VSlWHU IORJHQ ]ZHL 0LNURURERWHU JDQ] GLFKW DQ XQVHUHP 9HUVWHFN YRUEHL 'RFK ]XU JOHLFKHQ =HLW VFKDOWHWHQ VLFK HWZD ]ZHL 'ULWWHO GHU 3KDVHQVFKLHEHU HLQ 'HU KRFKJHVSDQQWH .UDIWVWURP EUXPPWH ODXW DXI (QWODGXQJHQ NQLVWHUWHQXQGOXGHQGLH/XIWPLW2]RQDXI 'LH EHLGHQ 5RERWHU VFKZHQNWHQ KHUXP XQG HPSIDKOHQ VLHK PLW KRKHQ %HVFKOHXQLJXQJVZHUWHQ 2IIHQEDU ZXUGHQ LKUH HOHNWURQLVFKHQ 6FKDOWNUHLVH GXUFK GLH +RFKHQHUJLH(PLVVLRQHQGHU3KDVHQVFKLHEHUHPSILQGOLFKJHVW|UW :LUVHW]WHQXQVZLHGHUDXIUHFKWKLQXQGDWPHWHQHUOHLFKWHUWDXI'DQQVWLHJHQZLU DXVGHP*OHLWHUXQGVFKOLFKHQ]XU)ULVFKZDVVHUOHLWXQJZREHLZLUXQVLQGHU1lKHYRQ (OHPHQWHQKLHOWHQGLHGLH2UWXQJGHU0LNURURERWHUVW|UWHQZLHhEHUVSDQQXQJVDEOHLWHU =HQWULHUUQDJQHWIHOGHUXQGVRZHLWHU 6FKOLHOLFK VWDQGHQ ZLU DP )XH HLQHU 3HQGHOVWW]H 'DPLW EHJDQQ GHU VFKZLHULJHUH 7HLO GHV 8QWHUQHKPHQV :LU GXUIWHQ NHLQH DXI IQIGLPHQVLRQDOHU %DVLV DUEHLWHQGHQ $JJUHJDWH²DOVR DXFK NHLQH $QWLJUDYWULHEZHUNH²EHQXW]HQ VRODQJH GLH 0LNURURERWHUQRFKXUQKHUNXUYWHQ 0KVDPNOHWWHUWHQZLULQGHPJUD]LOZLUNHQGHQ*LWWHUZHUNDXV7HUNRQLWDOHPSRU VFKZDQJHQ XQV XP GDV .RSIJHOHQN GHU 3HQGHOVWW]H XQG EDOODQFLHUWHQ DXI GHP VFKPDOHQ5LQJHQWODQJGHUGLH%HVFKOHXQLJXQJVELUQHKLHOW 2EHUVW/HP\'DQJHUJDEPLUHLQHQ:LQN ,FK YHUVWDQG YHUVFKUlQNWH GLH +lQGH PLW GHQ )OlFKHQ QDFK REHQ XQG GUHKWH PLFK XP IQIXQGYLHU]LJ *UDG VR GD LFK QXQ QLFKW PHKU JHJHQ GLH $XHQZDQG GHU %HVFKOHXQLJXQJVELUQHVDKVRQGHUQDQLKUYRUEHL 'DQJHUVWLHJDXIPHLQH+lQGH (LQHQ +HU]VFKODJ ODQJ VFKZDQNWH LFK²XQG LFK ZlUH YHUPXWOLFK JHVWU]W ZHQQ GHU 2EHUVW VLFK QLFKW HQWVFKORVVHQ JHVWUHFNW XQG PLW GHU 5HFKWHQ GHQ *ULII GHU
.DPSILP0RQGJHKLUQ
M
$WODQ
5HSDUDWXU|IIQXQJJHSDFNWKlWWH 'DGXUFKVWDELOLVLHUWHHUXQVHU*OHLFKJHZLFKWZLHGHU 'HQQRFKZDULFKLQ6FKZHLJHEDGHW 8QHQGOLFK EHKXWVDP VWHOOWH 2EHUVW 'DQJHU VLFK DXI PHLQH 6FKXOWHUQ 'DQDFK |IIQHWH HU GLH 5HSDUDWXUNODSSH ]RJ VLFK KLQHLQ XQG KDOI GDQQ PLU LQ GLH %HVFKOHXQLJXQJVELUQH (LQLJH 6HNXQGHQ ODQJ VDHQ ZLU DXI GHP 5DQG GHU 5HSDUDWXU|IIQXQJ XQG EOLFNWHQDXIGDV6FKDXIHOUDGGDVVLFKWUlJHXQWHUXQVHUHQ)HQGUHKWH ³$PEHVWHQJHKHQ6LHLQ)|WXVVWHOOXQJ0DMRU3DGLOOR´EHOHKUWHPLFKGHU2EHUVW ³GDQQYHUULQJHUWVLFKGLH*HIDKUGD6LHHEHQVRKlQJHQEOHLEHQZLHLFKYRUKLQ´ ,FKQLFNWH ³:LUZHUGHQHVVFKRQVFKDIIHQ6LU´ ,FK ZDU VLFKHU GD ]XPLQGHVW LFK HV VFKDIIHQ NRQQWH ,PPHUKLQ VSLHOWH GLH .|USHUJU|HHLQH5ROOHGDEHLGHQQLFKZDU=HQWLPHWHUNOHLQHUDOVGHU2EHUVW 'DQJHUVWLHVLFKDEXQGVSUDQJDXIGDV6FKDXIHOUDG,FKVDK]XZLHHULQHLQHU 6FKDXIHOODQGHWHUFNOLQJVQDFKXQWHQ³ULWW´XQGVLFKGDQQKLQDXVUROOWH 1DFKGHPLFKHEHQIDOOVPHLQHQ'UXFNKHOPJHVFKORVVHQKDWWHWDWLFKHV'DQJHU JOHLFK(VJLQJDOOHVJODWW²ELVDXIHLQLJHEODXH)OHFNHGLHLFKPLUKROWHDOVLFKJHJHQ GLHVFKPDOH.DQWHGHU5DGVFKDXIHOVWLH $OV LFK GHQ .RSI KRE VDK LFK GLH )H 'DQJHUV GLH VLFK UDVFK EHZHJWHQ XQG GHQKRUL]RQWDOJHVWUHFNWHQ.|USHUYRUDQWULHEHQ,FKVWUHFNWHPLFKDXFKXQGIROJWHGHQQ 2EHUVW +RIIHQWOLFKNDPHQZLUQLFKW]XVSlWIU3\FRXQG2WULQRW $OVGLHJURH3URSHOOHUSXPSHLQ6LFKWNDPHUVFKUDNLFK'DVLP$QVDXJWULFKWHU NUHLVHQGH)OJHOUDGZUGHXQVLQ6WFNHKDFNHQ*OHLFK]HLWLJVSUWHLFKHLQHQVWDUNHQ 6RJ 'RFK PHLQH %HIUFKWXQJ HUZLHV VLFK JOFNOLFKHUZHLVH DOV XQEHJUQGHW /HP\ 'DQJHUYHUKDUUWHSO|W]OLFKDXIGHU6WHOOHXQGULFKWHWHVHLQHQ.|USHUZLHGHUYHUWLNDODXV 'DGXUFK ZXUGH PHLQH $XIPHUNVDPNHLW DXI GDV IHLQPDVFKLJH *LWWHU DXV KDDUGQQHP 'UDKW JHOHQNW GDV VLFK NQDSS ]ZHL 0HWHU YRU GHU 7ULFKWHU|IIQXQJ GHU 3URSHOOHUSXPSHEHIDQG *OHLFKGDUDXIZXUGHLFKHEHQIDOOVJHJHQGDV*LWWHUJHGUFNW,FKNUDOOWHPLFKIHVW ZRGXUFKGLH6WU|PXQJPLFKLQDXIUHFKWH+DOWXQJVFKRE 'DQJHU QLFNWH PLU ]X XQG GHXWHWH PLW GHU +DQG QDFK REHQ 'RUW HQWGHFNWH LFK HLQHP'HFNHOPLW+DQGUDG 'HU$XVWLHJ :LUNOHWWHUWHQDP*LWWHUQDFKREHQ /HP\'DQJHUZDU]XHUVWDP'HFNHO(UZDUIUVHLQKRKHV$OWHUQRFKHUVWDXQOLFK VFKQHOO,P1XKDWWHHUGHQ9HUVFKOXDXIJHNXUEHOW $OVHUGXUFKGLHgIIQXQJYHUVFKZDQGEHHLOWHLFKPLFKLKP]XIROJHQ:HUZHL ZHOFKH*HIDKUHQGRUW³GUDXHQ´ODXHUWHQ $EHULFKKDWWHPLFKJHLUUW
.DPSILP0RQGJHKLUQ
M
$WODQ
1RFK ZXUGHQ ZLU YRQ NHLQHQ *HIDKU HQ XPODXHUW :LU EHIDQGHQ XQV LQ HLQHP NHJHOI|UPLJHQNOHLQHQ5DXPLQGHVVHQ:lQGHGUHL6FKRWWHHLQJHODVVHQZDUHQ 2EHUVW 'DQJHU YHUVFKOR GHQ 'HFNHO ZLHGHU GDQQ |IIQHWH HU VHLQ +HOPIHQVWHU XQGVDJWH ³:LUZROOHQMHGHVXQQ|WLJH5LVLNRYHUPHLGHQ0DMRU3DGLOORGHVKDOEZHUGHQZLU XQVHUH ,QGLYLGXDOVFKLUPH DNWLYLHUHQ EHYRU ZLU GHQ 3ODVPDVHNWRU EHWUHWHQ 'LH *ROGIDUEHQHQN|QQHQXQJHKHXHUVFKQHOOVHLQZHQQVLHDQJUHLIHQ´ ,FK KDWWH PHLQ +HOPIHQVWHU HEHQIDOOV JH|IIQHW XP GHQ 2EHUVW YHUVWHKHQ ]X N|QQHQ ³-D6LU´HUZLGHUWHLFKEHPKWPLUPHLQH(UUHJXQJQLFKWDQPHUNHQ]XODVVHQ 'DQJHUOlFKHOWH]XYHUVLFKWOLFK]RJVHLQHQ3DUDO\VDWRUDXVGHP*UWHOKDOIWHUXQG VFKDOWHWHGHQ,QGLYLGXDOVFKLUPJHQHUDWRUDXI³.RQWXUSURMHNWLRQ´ :LHGHU IROJWH LFK VHLQHP %HLVSLHO 'HU +RFKHQHUJLHVFKLUP VSDQQWH VLFK JOHLFK HLQHUHODVWLVFKHQ+DXWEHUGHQ(LQVDW]DQ]XJ ³6ROOWHQZLUQLFKWGLH'HIOHNWRUHQEHQXW]HQ6LU"´IUDJWHLFK ³'DV KDEH LFK EHUHLWV GXUFKGDFKW´ DQWZRUWHWH 'DQJHU XQG LFK KDOWH HV IUXQNOXJGHQQGLH,QVHNWHQKDEHQ]ZHLIHOORVHLQHQJXWHQ*HUXFKVVLQQ(VZUGHVLH VHKULUULWLHUHQZHQQVLHXQV]ZDUULHFKHQDEHUQLFKWVHKHQN|QQHQ´ 'DVOHXFKWHWHPLU]ZDUQLFKWJDQ]HLQGHQQLFKURFKJDQ]EHVWLPPWQLFKWDEHU LFKVDJWHQLFKWVGD]XZHLOLFKYHUPHLGHQZROOWHGDGXUFKHLQHHYHQWXHOOH'LVNXVVLRQ ZHUWYROOH=HLWYHUORUHQJLQJ :LU|IIQHWHQDOOHGUHL6FKRWWHXPXQV]XRULHQWLHUHQ'LH$QEOLFNHXQWHUVFKLHGHQ VLFK QLFKW ZHVHQWOLFK 'XUFK MHGHV 6FKRWW HUEOLFNWHQ ZLU HLQH VFKZDFK SXOVLHUHQGH JUDXZHLH6XEVWDQ]PLW]DKOORVHQ+RKOUlXPHQLQGHQHQHVJHKHLPQLVYROOJOXFNVWH +LHU XQG GD NURFKHQ GLH JOHLFKHQ JROGIDUEHQHQ ,QVHNWHQ XPKHU ZLH LFK VLH VFKRQ NHQQHQJHOHUQW KDWWH 6LH EHPHUNWHQ XQV NDXP GD ZLU XQVHUH )H DXI GLH VFKZDPPLJH3ODVPDPDVVHJHVHW]WKDWWHQ ,PQlFKVWHQ0RPHQWJULIIHQVLHDQ ,FK NDP QLFKW GD]X GHQ %HXWHO PLW :UIHO]XFNHU KHUYRU]X]LHKHQ JHVFKZHLJH GHQQ LKQ ]X |IIQHQ RGHU LKQHQ =XFNHU ]X]XZHUIHQ 'LH :XFKW GHV $QSUDOOV UL PLFK I|UPOLFKXP 'HU 3DUDO\VDWRU HQWJOLWW PHLQHU +DQG ZXUGH DEHU GXUFK GDV .RQWXUIHOG GHV ,QGLYLGXDOVFKLUQLHVIHVWJHKDOWHQVRGDLFKLKQVRIRUWZLHGHUHUJUHLIHQNRQQWH 8QG LFK VDK EDOG HLQ GD LFK LKQ DXFK ZUGH EHQXW]HQ PVVHQ ,Q]ZLVFKHQ ZlO]WHQVLFKQlPOLFKXQJHIlKU]ZDQ]LJ*ROGIDUEHQHDXIXQVKHUXP 'LH 6\PELRVH,QVHNWHQ YHUPRFKWHQ /HP\ 'DQJHU XQG PLU ]ZDU QLFKWV DQ]XKDEHQDEHUDQGHUHUVHLWVZDUHQZLU]XU8QWlWLJNHLWYHUXUWHLOWVRODQJHVLHQLFKWYRQ XQVDEOLHHQ ,FK VFKDOWHWH GHQ 3DUDO\VDWRU DXL 6FKXW]VFKLUP.RRUGLQDWLRQ ZRGXUFK MHZHLOV HLQHZLQ]LJH6WUXNWXUOFNHLP6FKLUPHQWVWDQGVREDOGLFKDXIGHQ$XVO|VHUGHU:DIIH GUFNWH 'DQQVFKRLFK'DQJHUEULJHQVDXFK 'LH,QVHNWHQUROOWHQVLFKDXIGHQ5NNHQXQGVWUHFNWHQGLH%HLQHLQGLH/XIW6LH ZUGHQVLFKHLQLJH6WXQGHQODQJQLFKWEHZHJHQN|QQHQ :LUDUEHLWHWHQXQVGXUFKGHQ+DXIHQSDUDO\VLHUWHU*ROGIDUEHQHUKLQGXUFK ³'LHVPDO KLHOW LFK GHQ :UIHO]XFNHU EHUHLWV LQ GHU +DQG DOV ZLU ³LQV )UHLH´
.DPSILP0RQGJHKLUQ
M
$WODQ
NDPHQ %HYRU GLH QlFKVWHQ ,QVHNWHQ UHDJLHUHQ NRQQWHQ VFKDOWHWH LFK PHLQHQ ,QGLYLGXDOVFKLUPDEXQGZDUIGHQ=XFNHU 2EHUVW'DQJHU|IIQHWHGHQ0XQGXQGLFKVDKGDHUPLFK]XUHFKWZHLVHQZROOWH ZHLO LFK HQWJHJHQ VHLQHU $QRUGQXQJ GHQ ,QGLYLGXDOVFKLUP GHVDNWLYLHUW KDWWH DEHU HU EHUOHJWHHVVLFKDQGHUVDOVGLH,QVHNWHQVLFKDXIGHQ:UIHO]XFNHUVWU]WHQZLH]XYRU LKUH$UWJHQRVVHQDXIXQV :LUHUKLHOWHQHLQHZHUWYROOH3DXVHGLHZLUVRJOHLFKDXVQXW]WHQ 'DQJHU VFKDOWHWH HEHQIDOOV VHLQHQ ,QGLYLGXDOVFKLUP DE XQG QDFKGHP LFK ]ZHL ZHLWHUH+lQGH:UIHO]XFNHUDXVJHVWUHXWKDWWHULHIHQZLUDXV/HLEHVNUlIWHQQDFK3\FR XQG2WULQRW $OVVLHVLFKQDFKHWZDIQI0LQXWHQLPPHUQRFKQLFKWJHPHOGHWKDWWHQVDKHQZLU XQVLQGLHEOHLFKJHZRUGHQHQ*HVLFKWHU ³0DQKDWVLHJHIUHVVHQ6LU´VDJWHLFKWRQORV /HP\'DQJHUUXQ]HOWHGLH6WLUQ ³,PVFK3\FRLVWHLQILQGLJHU%XUVFKHGHUELVKHUQLHXPHLQH,GHHYHUOHJHQZDU ZHQQGLH8PVWlQGHHLQHHUIRUGHUWHQ,FKNDQQPLUQLFKWYRUVWHOOHQGDVHLQ7DOHQWLKQ GLHVPDOLP6WLFKJHODVVHQKDW´ %HLGHP :RUW ³6WLFK´ ILHO PHLQ %OLFN DXI ]ZHL ,QVHNWHQ GLH VLFK DXV GHP +LQWHUJUXQG GHV 3ODVPDVHNWRUV Ql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|W]OLFKVFKZLQGOLJJHZRUGHQ 8QYHUKRIIWVWLPPWH/HP\'DQJHUHLQHQQlVHOQGHQ6LQJVDQJDQ,FKIUDJWHPLFK RE HV FKLQHVLVFK VHL GHQQ LFK KDWWH HLQPDO JHK|UW GLH 9RUIDKUHQ GHV 2EHUVWHQ VWDPPWHQDXVGHU6XEUHJLRQ+XQDQGHU(UGUHJLRQ&KLQD ,P QlFKVWHQ $XJHQEOLFN YHUVSUWH LFK VHOEHU GHQ XQZLGHUVWHKOLFKHQ 'UDQJ PHLQH6WLPPXQJGXUFKHLQHJHVDQJOLFKH'DUELHWXQJDXV]XGUFNHQ ,FKZlKOWHGLH$ULHGHU9LYLHGH/RODWDXVGHU2SHU´'LH.|QLJLQGHV6LULXV´YRQ -HDQ/HILHQF:lKUHQGLFKGDV6RORVWFNVFKPHWWHUWHVFKULWWLFKOHLFKWILJGXUFKGDV +RKOUDXUQV\VWHPGHV3ODVPDV :LHODQJHGDVGDXHUWHNRQQWHLFKQLHIHVWVWHOOHQ'DV=HLWJHIKOJLQJPLUY|OOLJ YHUORUHQ XQG LFK GDFKWH UHLW NHLQHP *HGDQNHQ GDUDQ DXI GHQ &KURQRJUDSKHQ ]X VHKHQ ,FK K|UWH HUVW DXI ]X VLQJHQ DOV PLFK JUHOOHV /LFKW EOHQGHWH ,Q HLQHU 5HIOH[EHZHJXQJ VFKOR LFK GLH +HOPVFKHLEH ZRGXUFK GHU DXWRPDWLVFK DUEHLWHQGH %OHQGVFKXW]DNWLYLHUWZXUGH $UJZ|KQLVFKVDKLFKPLFKXP ,FK VWDQG LQ HLQHU $UW 0XOGH YRQ HWZD ]HKQ 0HWHUQ 'XUFKPHVVHU LQQHUKDOE GHV
.DPSILP0RQGJHKLUQ
M
$WODQ
%LRSODVPDV 'LH JHZ|OEWH 3ODVPDGHFNH ZDU XQJHIlKU VHFKV 0HWHU YRP %RGHQ HQWIHUQW²XQG DQ LKU JOKWHQ DQ $XVVWOSXQJHQ GHV 3ODVPDV DFKW]HKQ VWDUNH ,QIUDURWVWUDKOHU 'LH 0HLQVWUXPHQWH PHLQHV (LQVDW]DQ]XJHV ]HLJWHQ HLQH 7HPSHUDWXU YRQ *UDG&HOVLXVDQ =XVlW]OLFK ]X GHQ ,QIUDURWVWUDKOHUQ KLQJHQ QRFK YLHU VWDUNH 6FKHLQZHUIHU DQ GHU 'HFNH6LHHU]HXJWHQGDVEOHQGHQGH/LFKW 'HU =ZHFN GHU :lUPH ZDU RIIHQVLFKWOLHK 'XUFK VLH VROOWHQ GLH ]DKOUHLFKHQ ,Q6HNWHQHLHUDXVJHEUWHWZHUGHQGLHGLFKWDQGLFKWDXIGHP%RGHQGHU0XOGHODJHQ ³,Q]ZLVFKHQ PWHQ 6LH DOOHV JHVHKHQ XQG JHLVWLJ YHUDUEHLWHW KDEHQ 9LYLH´ PHLQWHHLQHXQEHNDQQWHUDXKH6WLPPH ,FKIXKUKHUXPXQGVDKUHFKWVYRQPLU/HP\'DQJHU'HU2EHUVWOHKQWHPLWGHP 5FNHQDQGHU:DQGXQGKDWWHGLH$UPHYRUGHU%UXVWYHUVFKUlQNW ³9LYLH"´IUDJWHLFKXQGVWDXQWHGDUEHUZLHPHLQH6WLPPHVLFKYHUlQGHUWKDWWH 0HLQ.HKONRSIZDUVRZXQGDOVKlWWHPDQLKQNXU]LQ6FKZHIHOVlXUHJHWDXFKW 3O|W]OLFKNRQQWHLFKPLUHUNOlUHQZDUXPLFK'DQJHUQLFKWDQGHU6WLPPHHUNDQQW KDWWH(UZDUIDVWVRKHLVHUZLHLFK 'HU2EHUVWQLFNWH ³6LHZDUHQDOV9LYLHGH/RODWHWZDVRJXWZLHHLQ*UREVFKPLHGDOV+DUIHQVSLHOHU 0DMRU´ ³:HVKDOEKDEHQZLUJHVXQJHQ"´EHUOHJWHLFKODXW ³,FKQHKPHDQGDVZXUGHGXUFKGLHSDUDSV\FKLVFKXQWHUOHJWHQ,QGLYLGXDOLPSXOVH GHV 3ODVPDV YHUXUVDFKW 6LH ZDUHQ JDQ] HUKHEOLFK JHVW|UW DEHU PLFK KDWWH HV DXFK JDQ]VFK|QHUZLVFKW3DGLOOR´ ³'LH(LHU´VDJWHLFK /HP\'DQJHUEOLFNWHPLFKSUIHQGDQXQGIUDJWHEHWRQWXQEHWHLOLJW ³:DVLVWGDPLW0DMRU3DGLOOR"´ ,FKGHXWHWHDXIGLH,QVHNWHQHLHU6LHZDUHQVRJURZLHGLH,QVHNWHQVHOEVWZDV EHGHXWHWHGDGLH*ROGIDUEHQHQHLQH.|QLJLQKDWWHQGLHHUKHEOLFKJU|HUZDUDOVGLH $UEHLWHULQQHQ ³0LUILHODXIGDLFKKLHUNHLQHQ=ZDQJ]XP$EVLQJHQYRQ$ULHQYHUVSUH6LU :lUHHVP|JOLFKGD¶GLH(LHUHLQH6WUDKOXQJHPLWWLHUHQGLHGLH,QGLYLGXDOLPSXOVHGHV 3ODVPDVNRPSHQVLHUW"´ 2EHUVW'DQJHUVDKPLFKEHUUDVFKWDQ ³'DV ZlUH GXUFKDXV P|JOLFK 3DGLOOR %LVKHU KDWWH LFK DQJHQRPPHQ XQVHUH *HKLUQH KlWWHQ HLQH QDWUOLFKH $EZHKU JHJHQ GLH ,PSXOVH HQWZLFNHOW DEHU ,KUH +\SRWKHVHOHXFKWHWPLUHLQ´ :LU VFKUDNHQ OHLFKW ]XVDPPHQ DOV HV HLQHQ /DXW JDE GHU YRQ HLQHP ]HUUHLHQGHQ 9RUKDQJ ]X NRPPHQ VFKLHQ $EHU GDQQ VDKHQ ZLU GD GLH +DXW HLQHV (LHVJHSODW]WZDU (LQ JURHU .RSI PLW ]ZHL )DFHWWHQDXJHQ XQG VFKUHFNOLFKHQ %HLZHUN]HXJHQ VFKRE VLFK GXUFK GLH gIIQXQJ 'HU 5HVW GHV UDXSHQDUWLJHQ .|USHUV NURFK ]LHPOLFK VFKQHOO DXV GHU +OOH 'LH %HLZHUN]HXJH ZXUGHQ DP %RGHQ GHU 0XOGH DQJHVHW]W GDQQIUDVLFKGDV7LHULQV3ODVPDKLQHLQ 'LHOHHUH+OOHEOLHE]XUFN ,FK EOLFNWH VLH DQ XQG PLU NDP XQZLOONUOLFK GHU *HGDQNH GD HV PLU NHLQH
.DPSILP0RQGJHKLUQ
M
$WODQ
JURH 0KH EHUHLWHQ ZUGH LQ GLH (LKOOH ]X VFKOSIHQ 'DQJHU VFKRQ HKHU GHQQ HU ZDU]XJURDEHU3\FRXQG2WULQRWZDUHQQRFKHWZDVNOHLQHUDOVLFK ,FKIRUPWHPLWGHQ+lQGHQHLQHQ6FKDOOWULFKWHUYRUGHP0XQGXQGULHI ³&DSWDLQ ,PVFK 3\FR XQG &DSWDLQ .DODVV 2WULQRW NRPPHQ 6LH KHUDXV +LHU VSULFKW0DMRU&RUWR3DGLOOR´ (WZDVUDVFKHOWHGDQQIOVWHUWHMHPDQG ³9HUVWHFNHQ 6LH VLFK LQ GHU QlFKVWHQ OHHUHQ +OOH (] GDQQ VLQG 6LH IU GLH ,QVHNWHQQLFKWPHKUH[LVWHQW´ 2EHUVW/HP\'DQJHUKROWHWLHI/XIW ³+LHUVLQGNHLQH,QVHNWHQ³ULHIHU³6LHN|QQHQXQEHVRUJW,KUH(LHUYHUODVVHQ´ ³:HUVSULFKW"´NDPGLH)UDJH ³2EHUVW'DQJHU´ 'LH 5lQGHU DP 6SDOW HLQHV (LHV VFKQHOOWHQ DXVHLQDQGHU GDQQ VWHFNWH 2WULQRW GHQ.RSIKHUDXVEOLFNWHXQVDQXQGPHLQWH ³6LHVROOWHQ,KUHQ.HKONRSI|IWHUPDOVFKPLHUHQ6LUZHQQ6LHJHVWDWWHQGDLFK 8QZUGLJHU,KQHQHLQHQ5DWJHEH´ $XVHLQHPDQGHUHQ(LIXKU3\FRV.RSIKHUDXV ³,FKELQVHKUIURK´6LHJHVXQGYRUPLU]XVHKHQ6LU´VDJWHHU³XQG6LHQDWUOLFK DXFK&RUWR&DSWDLQ2WULQRWXQGLFKZDUHQVHKULQ6RUJHXP6LH´ ³:LHVROOLFKGDVYHUVWHKHQ"´IUDJWH/HP\'DQJHUYHUZXQGHUW³,FKP|FKWHHKHU PHLQHQHVYHUKLHOWVLFKXPJHNHKUW0DMRU3DGLOORXQGLFKVRUJWHQXQVVHKUXP6LH´ ,PVFK3\FRVFKWWHOWHGHQ.RSI ³'DVZDUXQQ|WLJ6LU:LUZLVVHQXQV]XKHOIHQ 2EHUVW/HP\'DQJHUµVDK3\FRDXVGUXFNVORVDQGDQQVDJWHHUJHODVVHQ ³0LQGHUZHUWLJNHLWVNRPSLH[H ZDUHQ ,KQHQ YRUQ $XJHQEOLFN ,KUHU *HEXUW DQ XQEHNDQQW&DSWDLQ3\FR0HLQH$QHUNHQQXQJ'LHVHU7ULFNZDUDXVJH]HLFKQHW´ (UUlXVSHUWHVLFK´ ³$OOHUGLQJV LVW HV 8626SH]LDOLVWHQ QLFKW HUODXEW VLFK DXVVFKOLHOLFK GXUFK 3DVVLYLWlWDXV]X]HLFKQHQ6LHPVVHQGHQJHULQJVWHQ$NWLYLWlWVVSLHOUDXPDXVQXW]HQ (UOHJWHPLUGLH+DQGDXIGLH6FKXOWHU ³1HKPHQ6LHVLFKHLQ%HLVSLHODQ0DMRU3DGLOOR(UKDWZHGHUDXIJHJHEHQQRFK XP+LOIHJHEHWHQDOVHUDXIVLFKDOOHLQJHVWHOOWZDU6WDWWGHVVHQEHPKWHHUVLFKGHQ $XIWUDJLP$OOHLQJDQJ]XEHZlOWLJHQ´ .DODVV2WULQRWOlFKHOWHK|IOLFK ³$OOHUGLQJV ZDUHQ ZLU DXFK QLFKW JDQ] XQWlWLJ 6LU :lKUHQG ZLU LQ GHQ (LKOOHQ ODJHQ KRUFKWHQ ZLU GLH 8PJHKXQJ DE XQG IDQGHQ KHUDXV GD VLFK DXHUKDOE GLHVHV 6\PELRVH6HNWRUVPLQGHVWHQV]ZDQ]LJ$QJHK|ULJHXQVHUHV9RONHVµEHILQGHQ´ $Q GLHVHU 6WHOOH VHL HUNOlUW GD ZLU 6LJDQHVHQ YRQ *HEXUW VRJHQDQQWH 8OWUDKRUFKHU VLQG XQG QRFK *HUlXVFKH ZDKUQHKPHQ XQG LGHQWLIL]LHUHQ GLH HLQ (UGPHQVFK EHL WDXVHQGIDFKHU 9HUVWlUNXQJ QLFKW K|UWH *OFNOLFKHUZHLVH N|QQHQ ZLU GLHVH 6XSHUHPSILQGOLFKNHLW XQVHUHV *HK|UV GURVVHOQ VRQVW ZUGHQ ZLU HV QLHPDOV LQ GHU1lKHYRQ7HUUDQHUQXQGLKUHQOlUPHQGHQ0DVFKLQHQDXVKDOWHQ ³:R" ¶IUDJWH'DQJHU 2WULQRWGHXWHWHLQHLQH5LFKWXQJ ³'RUWOLHJWGLH+DXSWNXSSHOPLWGHPDNWLYHQ%LRSODVPD´VDJWHGHU2EHUVW(V ZLUGVHKUVFKZLHULJVHLQGDKLQHLQ]XJHODQJHQ'LH+DXSWNXSSHOLVWKHUPHWLVFKJHJHQ
.DPSILP0RQGJHKLUQ
M
$WODQ
GLH8PZHOWDEJHVFKORVVHQXQGOLHJW]XVlW]OLFKXQWHUHLQHP+RFKHQHUJLHVFKLUP´ ³:LHZlUHHVPLWHLQHU/LVW6LU"´HUNXQGLJWHVLFK3\FRPLWHLQHP/lFKHOQ /HP\'DQJHUQLFNWHXQGVDJWHEHGlFKWLJ ³%HLVSLHOVZHLVHPLWHLQHU8PSURJUDPPLHUXQJGHV+DXSWVWHXHUVHJUQHQWHVIUGLH 5HSDUDWXUXQG:DUWXQJVURERWHUQLFKWZDKU"´ ,PVFK3\FF]RJHLQODQJHV*HVLFKW ³6FKDGH6LULFKGDFKWH6LHZUGHQQLHGDUDXINRPPHQ´ 'HU2EHUVWVHXI]WH ³6LH KDOWHQ PLFK DQVFKHLQHQG IU YHUNDONW ZHLO LFK HLQHU lOWHUHQ *HQHUDWLRQ DQJHK|UH&DSWDLQ3\FR´ 3\FRKREDEZHKUHQGGLH+lQGH ³$EHULFKELWWH6LH6LU,FKKDEHQLHPDOVHLQHQGHUDUWLJHQ*HGDQNHQJHGDFKW´ ³(UKlOWVLFKQXUIUXOWUDOLVWLJ6LU´ZDUI2WULQRWHLQ ³'DEHL LVW HU QXU VFKZHUK|ULJ´ ZDUI LFK HLQ ³$FKWXQJ LFK K|UH GLH )RUWEHZHJXQJVJHUlXVFKH ]ZHLHU 6\PELRVH,QVHNWHQ GLH VLFK XQVHUHP 6WDQGRUWQlKHUQZREHLVLHMHGHUHLQHQVFKZHUHQ*HJHQVWDQGKLQWHUVLFKKHU]LHKHQ´ 2WULQRWODFKWHOHLVH ³'DVPVVHQ&ODUDXQG$OPDVHLQGLHEHLGHQDOWHQ7DQWHQGLHLPPHUGLH(LHU DQOLHIHUQGLHGLH4XHHQJHOHJWKDW´ ³'DQQZROOHQZLUXQVYHUVWHFNHQ´PHLQWH'DQJHU 3\FRVFKWWHOWHGHQ.RSI ³&ODUD XQG $OPD VLQG NXU]VLFKWLJ WDXE XQG KDEHQ HLQHQ Y|OOLJ YHUNPPHUWHQ *HUXFKVVLQQ9RULKQHQEUDXFKHQZLUXQVQLFKW]XYHUVWHFNHQ´ :LUEOLHEHQVWHKHQXQGZDUWHWHQ 1DFK HLQLJHQ 0LQXWHQ WDXFKWH LQ HLQHU *DQJPQGXQJ GHU +LQWHUOHLE HLQHV ,QVHNWV DXI 'HU JROGIDUEHQH 6FKLPPHU ZDU YHUEODW XQG WHLOZHLVH GXUFK JUDXZHLH 6FKLPPHOIOHFNHQHUVHW]W2IIHQEDUOLWWHQGLH*ROGIDUEHQHQZLH]DKOUHLFKH,QVHNWHQDUWHQ XQWHU SDUDVLWLVFKHQ 3LO]HQ GLH LP KRKHQ $OWHU LKUHU :LUWH GDV 2SIHU Y|OOLJ GXUFKZXFKHUWHQ 'DV,QVHNWNURFKJDQ]DXVGHP*DQJZREHLHVHLQ(LKLQWHUVLFKKHU]RJ'DQQ ZDUWHWHHVELVGDV]ZHLWH,QVHNWVHLQ(LLQGLH0XOGHJHOHJWKDWWH ³'DVLVW&ODUDXQGGDV$OPD´HUNOlUWH2WULQRWZREHLHUPLWGHP)LQJHU]HLJWH ,FK NRQQWH NHLQH 8QWHUVFKHLGXQJVUQHUNUQDOH HQWGHFNHQ HV VHL GHQQ LFK KlWWH GLH 6FKLPPHOIOHFNHQ JH]lKOW $EHU GDV KlWWH PLU DXFK QLFKWV JHQW]W GD LFK PLU EHVWLPPWQLFKWHLQSUlJHQNRQQWHZHOFKH$Q]DKO]XZHOFKHP,QVHNWJHK|UWH &ODUDXQG$OPDHQWIDOWHWHQLKUH)OJHOXQGVXUUWHQXQEHKROIHQGXUFKGHQ5DXQ´ 'DQQ VWHO]WHQ VLH PLW LKUHQ GUUHQ %HLQHQ 7LEHU GLH (LHU 'LH OHHUHQ (LKOOHQ JDEHQ QDFK XQG ZXUGHQ DXIJHIUHVVHQ =XPLQGHVW GLH %HLZHUN]HXJH GHU DOWHQ 7DQWHQ VFKLHQHQQRFKVFKDUI]XVHLQ ,FK HLOWH ]X GHQ (LKOOHQ LQ GHQHQ VLFK 3\FR XQG 2WULQRW YHUERUJHQ JHKDOWHQ KDWWHQ XQG OHJWH LQ MHGH HLQ 6WFN :UIHO]XFNHU 'DQQ NHKUWH LFK ]X GHQ *HIlKUWHQ ]XUFN ³:DVVROOGDV"´IUDJWH/HP\'DQJHU³:HOFKH$EVLFKWYHUIROJHQ6LHGDPLW¶"´ ³'LH $EVLFKW ]ZHL DOWHQ NUDQNHQ 7DQWFKHQ HLQH VH )UHXGH ]X EHUHLWHQ 6LU´ DQWZRUWHWHLFKZDKUKHLWVJHPl 2EHUVW 'DQJHU VDK UHLFK DQ DOV ZROOWH HU VLFK GXUFK GHQ $XJHQVFKHLQ
.DPSILP0RQGJHKLUQ
M
$WODQ
YHUJHZLVVHUQ GD PHLQ ,QWHOOLJHQ]TXRWLHQW QLFKW MlKUOLQJV XQWHU GHQ U GHQ 6WULFK JHVXQNHQZDU ³(LQH VH )UHXGH ³ PXUPHOWH HU ³2 GX *URHU *ODGRU ZHOFKHV 9RON ZDQGHOW XQWHUGHLQHPVWUDKOHQGHQ6WHUQ´ 3\FROlFKHOWHYHUVWRKOHQ ³$OPDHUUHLFKWDOVHUVWHGLH/LHEHVJDEH6LHLWGLH+OOH²XQGMHW]WHQWGHFNWVLH GHQ=XFNHU(VLVWGLUHNWUKUHQGZLHVLHVLFKGDUEHUIUHXW¶ ³:DVLVWPLW,KQHQORV&DSWDLQ"´IUDJWH'DQJHUDUJZ|KQLVFK ,PVFK3\FRUXQ]HOWHGLH6WLUQ ³:DV VROO ORV VHLQ ,FK EHIROJH QXU ,KUHQ JHVFKlW]WHQ 5DW PLU HLQ %HLVSLHO DQ 0DMRU3DGLOOR]XQHKPHQ´ /HP\'DQJHUKROWHWLHI/XIWYHU]LFKWHWHDEHUDXIHLQH(UZLGHUXQJ 8QWHUGHVVHQKDWWHDXFK&ODUDHLQ6WFN:UIHO]XFNHUJHIXQGHQ6LHIUDHVVR KDVWLJGDLFK$QJVWEHNDPVLHN|QQWHVLFKYHUVFKOXFNHQ 'DQDFK VXFKWHQ GLH EHLGHQ ,QVHNWHQ QLFKW QDFK ZHLWHUHQ (LKOOHQ VRQGHUQ NURFKHQLQ1LVFKHQXQGVFKOLHIHQ ³'LHVH ,QVHNWHQ VWHOOHQ HLQ 3URUOHUQ GDU´ VDJWH 2EHUVW 'DQJHU ³'XUFK LKUH 6\PELRVH PLW GHUQ VHSDUDWHQ 3ODVPDVHNWRU LVW GDV EHWUHIIHQGH 3ODVPD VR YHUlQGHUW ZRUGHQGDHVIU1DWKDQXQEUDXFKEDUVHLQGUIWH :LU PVVHQ HWZDV XQWHUQHKPHQ 6HOEVWYHUVWlQGOLFK ZLGHUVWUHEW HV PLU GLHVH 7LHUHDXV]XURWWHQZLHHV7HUUDQHUPLWGHUJU|WHQ6HOEVWYHUVWlQGOLFKNHLWWXQZUGHQ´ (UKREGLH+lQGHXQGOLHVLHZLHGHUVLQNHQ ³:LU N|QQWHQ VLH HYDNXLHUHQ´¶ PHLQWH 2WULQRW6LFKHU KDEHQ GLH ,UUHJXOlUHQ GLH EHIUXFKWHWH .|QLJLQ XQG HLQLJH $UEHLWHULQQHQ LQ GHQ 3ODVPDVHNWRU JHVFKPXJJHOW )ROJOLFK PVVHQ VLH ZLHGHU KLQDXVEHI|UGHUW ZHUGHQ 0DQ NDQQ VLH DXI GLH (UGH EULQJHQ´ ³'LH 7HUUDQHU ZUGHQ VLFK EHGDQNHQ´ HUZLGHUWH /HP\ 'DQJHU ³$EHU HV ZLUG VLFK VFKRQ HLQH 0|JOLFKNHLW ILQGHQ VREDOG ZLU HUVW GLH ,UUHJXOlUHQ DXVJHVFKDOWHW KDEHQ´ (UEHUOHJWHNXU]GDQQHUNOlUWHHU ³,FKZHUGH.RPPDQGDQW%DQHHFDQZHLVHQ XQV]ZDQ]LJ0DQQDOV9HUVWlUNXQJ ]X VFKLFNHQ 6REDOG GLH *UXSSH YRQ GHQ 0LNURURERWHUQ HQWGHFNW ZLUG QXW]HQ ZLU GHQ $EOHQNXQJVHIIHNWDXVXQGGULQJHQLQGDV+DXSWVWHXHUVHJPHQWIUGLH5HZDUWVHLQ´ (UEOLFNWH3\FRXQG2WULQRWDQ ³6LH VLQG )DFKOHXWH IU GHUDUWLJH 8PSURJUDPPLHUXQJHQ DOVR ZHUGHQ 6LH GLHVH $UEHLWEHUQHKPHQZlKUHQG0DMRU3DGLOORXQGLFK0LQHQGHQ5FNHQGHFNHQ´ (U VFKDOWHWH VHLQHQ 7HOHNRP HLQ GUHKWH GLH OLQVHQI|UPLJH 5LFKWDQWHQQH XQG VDQGWHGDV.RGHVLJQDODXV 1DFKNXU]HU=HLWNDPGHU.RGHLPSXOVGHUGHQ(PSIDQJEHVWlWLJWH1XQVSUDFK GHU 2EHUVW VHLQHQ %HIHKO LQ GHQ 5DIIHU OLH GLH :RUWH DXI HLQHQ =HLWUDXP YRQ HLQHU 7DXVHQGVWHO6HNXQGHUDIIHQXQGVFKLFNWHLKQDXIGLH5HLVH &DFKDR%DQHHFVDQGWHXQVNXU]GDUDXIGLHNRGLHUWHXQGJHUDIIWH1DFKULFKWGD HULQ]HKQ0LQXWHQPLWQHXQ]HKQ0DQQLQYLHU)OXJSDQ]HUQVWDUWHQZROOWH $QVFKOLHHQG EUDFKHQ ZLU DXI :LU PXWHQ DEHUPDOV GXUFK GDV /DE\ULQWK GHV PRGLIL]LHUWHQ %LRSODVPDV JHKHQ (UQHXW YHUVDQN XQVHU *HLVW LQ GHQ $XVVWUDKOXQJHQ GLHVHU0lVVH
.DPSILP0RQGJHKLUQ
M
$WODQ
$EHUGLHVPDOZDUHQZLUGDUDXIYRUEHUHLWHWJHZHVHQ 1RFKEHYRUZLUEHHLQIOXWZDUHQVWLPPWHQZLUGDV/LHG³%DE\7RQLJKW´DQGDV PLWJHGlPSIWHU6WLPPHJHVXQJHQZHUGHQPXWH'DGXUFKHUUHLFKWHQZLUGDXQVHUH ZXQGHQ.HKON|SIHXQG6WLPPElQGHUQLFKWHUQHXWVWUDSD]LHUWZXUGHQ /HLGHU DKQWHQ ZLU QLFKW GD GDV VHSDUDWH 3ODVPD QLFKW LPPHU GDV JOHLFKH 3URJUDPPDXVVWUDKOWH 'LHVPDO ZXUGHQ ZLU MHGHQIDOOV QLFKW DXI ³6LQJHQ´ SURJUDPPLHUW VRQGHUQ DXI ³7DQ]HQ´ ,FK WDQ]WH YROOHU +LQJDEH HLQHQ 'LDPHWULF ZlKUHQG /HUQ\ 'DQJHU ZDKUKDIW DUWLVWLVFKH 9HUUHQNXQJHQ GDUERW ,FK JODXEH PDQ QDQQWH VHLQHQ XUDOWHQ 7DQ] 6QDNHOLNH3\FRXQG2WULQRWEHIDQGHQVLFKKLQWHUPLUGHVKDOENRQQWHLFKQLFKWVHKHQ ZHOFKH7lQ]HLKU8QWHUEHZXWVHLQDXVJHZlKOWKDWWH $OV ZLU VFKOLHOLFK LQV )UHLH ZDQNWHQ ZDUHQ ZLU I|UPOLFK LQ 6FKZHL JHEDGHW 'DVKLHOWGLH,QVHNWHQDOOHUGLQJVQLFKWGDYRQDEXQVDQ]XJUHLIHQ :LU DNWLYLHUWHQ XQVHUH +RFKHQHUJLHVFKLUPH XQG ZHKUWHQ XQV PLW GHQ 3DUDO\VDWRUHQ JHJHQ GLH $QJUHLIHU 'DJHJHQ KDWWHQ GLH *ROGIDUEHQHQ QDWUOLFK NHLQH &KDQFH6LHWDWHQPLUOHLG 6FKZHUDWPHQGYHUOLHHQZLUGHQVHSDUDWHQ3ODVPDVHNWRUVFKOLHOLFKGXUFKGDV )OXJORFKGHU,QVHNWHQDQGDVVLFK3\FRXQG2WULQRWHULQQHUWHQ 0LW +LOIH GHU +XEVFKUDXEHQ IORJHQ ZLU LQ GLH 1lKH GHV 5HZDUW +DXSWVWHXHUVHJPHQWHV ³$POLHEVWHQZUGHLFKXQVPLW,QVHNWHQPDVNHQWDUQHQ´PHLQWH2EHUVW'DQJHU ³'DV PDJ EHL JUREVLQQLJHQ 5LHVHQ (UIROJ KDEHQ DEHU QLFKW EHL 6LJDQHVHQ´ HQWJHJQHWH2WULQRW 'DQJHUVHXI]WH ³/HLGHU'LHVPDOEHGHXWHWXQVHUHUHODWLYHN|USHUOLFKH.OHLQKHLWNHLQHQ9RUWHLO´ ³9RUVLFKW´ULHI3\FR ,PJOHLFKHQ$XJHQEOLFNK|UWHLFKHEHQIDOOVGDV6XPPHQGHU)OXJDJJUHJDWHYRQ 0LNURURERWHUQ,FKZDQGWHPLFKXPXQGHQWGHFNWHHLQHQ3XONYRQHWZDGUHLLJ5HZDUWV GLHJHQDXDXIXQVHUHQ6WDQGRUW]XIORJHQ ³3\FRXQG2WULQRW´EHIDKO'DQJHU³VWHLJHQ6LHLQGHQ3URJUDPPVHNWRUHLQXQG HUOHGLJHQ6LH,KUHQ$XIWUDJ3DGLOORXQGLFKZHKUHQGLH5RERWHUDE´ 0HLQH.ROOHJHQYHUVFKZDQGHQ /HP\'DQJHUXQGLFKJLQJHQKLQWHU6FKDOWHOHPHQWHQLQ'HFNXQJYHUVWlUNWHQGLH /HLVWXQJXQVHUHU6FKXW]VFKLUPJHQHUDWRUHQXQGZDUWHWHQ 'LHVPDO JDE HV NHLQHQ *UXQG HLQHP .DPSI DXV]XZHLFKHQ 'LH 6DERWHXUH ZXWHQ µRIIHQEDU ZR ZLU XQV EHIDQGHQ VRQVW KlWWHQ VLFK GLH 5RERWHU QLFKW GHUDUW ]LHOVLFKHUJHQlKHUW ,P*UXQGHJHQRPPHQZDUHQZLUGHQ5HZDUWVKDXVKRFKEHUOHJHQGDVLHQLFKW IU GHQ .DPSI NRQVWUXLHUW ZDUHQ VRQGHUQ QXU IU GLH %HVHLWLJXQJ SDVVLYHU )UHPGHOHPHQWH *HIlKUOLFK NRQQWHQ VLH XQV QXU GDQQ ZHUGHQ ZHQQ VLH VR QDKH DQ XQV KHUDQNDPHQGDVLHVLFKJHVFKRJOHLFKDXIXQVVWU]WHQXQGGXUFKGHQ$QSUDOOXQVHUH .QRFKHQ ]HUVFKPHWWHUWHQ ,QPLWWHQ GHV *HZLUUV YRQ HQHUJLHIKUHQGHQ (OHPHQWHQ PXWHQ ZLU GLH 6FKLUPH DXI .21785 VFKDOWHQ ZRGXUFK VLH GLH $XISUDOOHQHUJLH WHLOZHLVHDXIXQVHUH.|USHUZHLWHUJDEHQ
.DPSILP0RQGJHKLUQ
M
$WODQ
$OV GLH 5RERWHU QRFK HWZD IQI 0HWHU HQWIHUQW ZDUHQ KRE LFK GHQ ,QWHUYDOO 'HVLQWHJUDWRUXQGVFKR(LQ6WlFNYRQPLUHQWIHUQWIHXHUWH2EHUVW'DQJHUPLWVHLQHP ,PSXOVVWUDKOHU =ZHL 5RERWHU ZXUGHQ YHUQLFKWHW DEHU GLH DQGHUHQ UDVWHQ VR EOLW]DUWLJ LQ DOOH 5LFKWXQJHQGDYRQGDLKQHQGLHVHV0DQ|YHUHLQSURJUDPPLHUWZRUGHQVHLQPXWH 8QGVLHNDPHQHEHQVREOLW]DUWLJ]XUFN =ZHL5RERWHUVDXVWHQJHQDXDXIPLFK]X,FKZlUHWURW]GHV,QGLYLGXDOVFKLUPHV ]ZLVFKHQ LKQHQ ]HUPDOPW ZRUGHQ DOVR DNWLYLHUWH LFK GHQ $QWLJUDYDQWULHE XQG VWDUWHWH PLW9ROOVFKXEQDFKREHQGXUFK %HLQDKH]XVSlW 'LFKWXQWHUPLUSUDOOWHQGLHEHLGHQ5RERWHU]XVDPPHQXQGEOLHEHQDOVXQI|UPLJH .OXPSHQ0HWDOOSODVWLNOLHJHQ ,FK EUHPVWH DE XQG VFKR DXI GUHL 5RERWHU GLH LQ GHQ 3URJUDPPVHNWRU HLQVWHLJHQ ZROOWHQ /HP\ 'DQJHU NDP LQ ZHLWHP %RJHQ DQJHIORJHQ XQG XQWHUVWW]WH PLFK (VJHODQJXQV]ZHLGHU5RERWHU]X]HUVW|UHQXQGGHQGULWWHQEHZHJXQJVXQIlKLJ ]XVFKLHHQGRFKGDQQPXWHQZLUYRUGHQEULJHQ5RERWHUQIOLHKHQ ,QGHPJLJDQWLVFKHQ*HZLUUGHU,QSRWURQLN1DWKDQHQWVSDQQVLFKHLQWULFNUHLFKHU .DPSI 8QVHU +DQGLNDS ZDU GD ZLU NHLQHQ 5RERWHU LQ GHQ 3URJUDPPVHNWRU ODVVHQ GXUIWHQ $EHU QDFK XQG QDFK UHGX]LHUWHQ ZLU GLH =DKO GHU $QJUHLIHU $OV QXU QRFK YLHU EULJZDUHQDWPHWHQZLUDXI*OHLFKZDUHVJHVFKDIIW 'RFK GD QlKHUWHQ VLFK ]ZHL ZHLWHUH 5RERWHUSXONV DXV YHUVFKLHGHQHQ 5LFKWXQJHQ²XQGLQMHGHPIORJHQPLQGHVWHQVYLHU]LJ5HZDUWV 2EHUVW 'DQJHU XQG LFK VDKHQ XQV DQ :LU ZXWHQ GD ZLU GHQ .DPSI PLW GHQ QHXHQ$QJUHLIHUQQLFKWJHZLQQHQNRQQWHQ:LUZXWHQDEHUDXFKGDZLUGLH6WHOOXQJ KDOWHQPXWHQZHQQZLUQLFKW3\FRXQG2WULQRW]XP7RGHYHUXUWHLOHQZROOWHQ 'DQJHUQLFNWHPLU]X ³$OOHV*XWHIDOOVZLUXQVQLFKWZLHGHUVHKHQVROOWHQ0DMRU´VDJWHHU´ ³:LHPHLQHQ6LHGDV"´HUNXQGLJWHLFKPLFK /HP\'DQJHUOlFKHOWHGQQ ³1XQ 6LH NRPPHQ VLFKHU LQ GHQ +LPPHO IU ZRKOHU]RJHQH 6LJDQHVHQ 3DGLOOR DEHULFK´(U]XFNWHGLH6FKXOWHUQ 0LUODJHLQXQDQVWlQGLJHU$XVVSUXFKDXIGHU=XQJHDEHULFKEUDFKWHLKQHLQIDFK QLFKWEHUGLH/LSSHQ:DKUVFKHLQOLFKKDWWH'DQJHUUHFKWXQGLFKZDUZRKOHU]RJHQ 6HOWVDPH:HJHJHKHQGLH*HGDQNHQNXU]YRUGHP(QGH 6HXI]HQG KRE LFK GHQ ,QWHUYDOO'HVLQWHJUDWRUDEHU EHYRU LFK VFKLHHQ NRQQWH VFKZHQNWHQGLH0LNURURERWHUDEXQG]HUVWUHXWHQVLFKDOOPlKOLFK /HP\'DQJHUHUKREVLFK ³6LHKDEHQHVDOVRJHVFKDIIW´(UUHLFKWHPLUHLQHIODFKH0HWDOOIODVFKH³1HKPHQ 6LHHLQHQ6FKOXFN,KU*HVLFKWHQWKlOWMDEHUKDXSWNHLQ*UQPHKU´
'DQJHUV )ODVFKH HQWKLHOW VFKDUIHQ 6FKQDSV ,FK KDWWH HLQHQ OHLFKWHQ :HLQ YHUPXWHWGHVKDOEWUDIPLFKGHUKRFKSUR]HQWLJH$ONRKROY|OOLJXQYRUEHUHLWHW
.DPSILP0RQGJHKLUQ
M
$WODQ
,FK VHW]WH GLH )ODVFKH QDFK GHP HUVWHQ 6FKOXFN DE QDFKGHP HWZD HLQ .XELNPLOOLPHWHUGXUFKPHLQHQ6FKOXQGJHVFKRVVHQZDU ,PQlFKVWHQ$XJHQEOLFNWUDIGHU6FKOXFNLP0DJHQHLQ,FKKDWWHGDV*HIKODOV IlQGHLQPHLQHP/HLEHLQHH[SORVLYH.HUQIXVLRQVWDWW'LHJOKHQGH+LW]HEUHLWHWHVLFK PLWUDVHQGHU*HVFKZLQGLJNHLWGXUFKPHLQHQJHVDPWHQ.|USHUDXV ³'DVLVWHWZDVEHVRQGHUV*XWHVQLFKWZDKU´PHLQWH/HP\'DQJHU(UQDKPPLU GLH)ODVFKHDXVGHU+DQGXQGLFKVDKGXUFKHLQHQ7UlQHQVFKOHLHUKLQGXUFKZLHHUVLH DQVHW]WHXQGVHLQ$GDPVDSIHOVLFKVFKOXFNHQGEHZHJWH ,FKHUJUQWH]|JHUWHXQGVDJWHPLW6HOEVWEHUZLQGXQJ ³6LHN|QQHQPLFKDP$EHQGEHVXFKHQ6LUµ 1DWUOLFK ZXWH LFK GD GLHVHU WHUUDQLVFKH $XVVSUXFK QLFKW Z|UWOLFK ]X YHUVWHKHQ ZDU ,FK KDWWH LKQ YRQ HLQHP 6RO$E$JHQWHQ JHK|UW XQG ZDU VLFKHU GD HU PLOGH9HUDFKWXQJDXVGUFNWH 8P VR YHUEOIIWHU ZDU LFK DOV /H\P 'DQJHU LQ EHLQDKH K\VWHULVFKHV *HOlFKWHU DXVEUDFK'HP2EHUVWEOLHEIDVWGLH/XIWZHJ 0LU ZXUGH NDOW DQ GHQ )HQ DOV LFK SO|W]OLFK HUNHQQHQ PXWH GD GHP EHZXWHQ $XVVSUXFK RIIHQEDU HLQH µHUKHEOLFK KlUWHUH %HGHXWXQJ ]XNDP DOV LFK DQJHQRPPHQKDWWH 9LHOOHLFKW VRJDU HLQH RUGLQlUH HV KDQGHOWH VLFK VFKOLHOLFK XP HLQH WHUUDQLVFKH 5HGHZHQGXQJ ,Q PHLQHU 9HUOHJHQKHLW QDKP LFK GLH )ODVFKH DQ DOV 2EHUVW 'DQJHU VLH PLU DEHUPDOVKLQKLHOW'LHVPDOZDULFKDXIGLHJUlOLFKHQ(IIHNWHJHIDW 'RFKHVZXUGHJDUQLFKWVRVFKOLPP 1DFK GHP GULWWHQ 6FKOXFN HPSIDQG LFK NHLQH P|UGHULVFKH +LW]H PHKU VRQGHUQ DQJHQHKPH:lUPH²XQGGLH6FKODIIKHLWGHU0XVNHOQWDWPLUZRKO ³'DV UHLFKW´ PHLQWH 'DQJHU XQG QDKP PLU GLH )ODVFKH ZHJ ³3\FR XQG 2WULQRW KDEHQDXFKHLQH%HORKQXQJYHUGLHQW'DNRPPHQVLHMDVFKRQ´ ,FK IROJWH VHLQHP DXVJHVWUHFNWHQ $UP PLW GHQ $XJHQ XQG VDK YLHU 0lQQHU DXV GHP3URJUDPPVHNWRUNRPPHQ=ZHLYRQLKQHQZDUHQ3\FRXQG]ZHL2WULQRW ³'DVWLPPWHWZDVQLFKW´EHUOHJWHLFKODXW³2GHUVROOWHLP3URJUDPPVHNWRUHLQ 'XSOLNDWRULQVWDOOLHUWVHLQ"´ ³$FK GX EODXHV +XKQ´ HQWIXKU HV 'DQJHU ³6LQG 6LH GHQQ NHLQHQ $ONRKRO JHZ|KQW"´ ³'RFK´HUZLGHUWHLFKHQWVFKLHGHQ³,FKWULQNHIDVWMHGHQ$EHQGHLQNOHLQHV*ODV (LHU²XQGVRQQWDJVPDQFKPDOHLQHQ6FKRSSHQ:HLQ´ ³-DGDVIUFKWHLFKDXFK´PHLQWH/HP\'DQJHU 8QWHUGHVVHQ ZDUHQ GLH YLHU 0lQQHU QlKHUJHNRPPHQ XQG EHULFKWHWHQ GD VLH GDV +DXSWVWHXHUVHJLQHQW GHV 3URJUDPPVHNWRUV VR XQLSURJUDPPLHUW KDWWHQ GD GLH 5HZDUWVIRUWDQQXUQRFK6LJDQHVHQDQJULIIHQGLHNHLQHQ(LQVDW]DQ]XJGHU862WUXJHQ ³$EHUGDQQJUHLIHQVLHMDGLH,UUHJXOlUHQDQ´SURWHVWLHUWHLFK³'DPLWYHUVWLHHQ ZLU JHJHQ GDV *HVHW] hEHU GDV 6FKLFNVDO GHU 6DERWHXUH GDUI QXU HLQ RUGHQWOLFKHV *HULFKWHQWVFKHLGHQ:HQQGLH5RERWHUVLHW|WHQLVWHVNHLQH1RWZHKU´ ³1XQ EHUXKLJHQ 6LH VLFK (]´ VDJWH 2WULQRW ³6HOEVWYHUVWlQGOLFK KDEHQ ZLU GHQ 0DVFKLQHQ NHLQHQ 7|WXQJVEHIHKO JHJHEHQ 6LH VROOHQ GLH ,UUHJXOlUHQ QXU EHXQUXKLJHQ XQGVFKOLHOLFKLQLKUH6WDKONXSSHO]XUFNWUHLEHQ´ ³$XVJH]HLFKQHW´ VDJWH 2EHUVW 'DQJHU (U EOLFNWH DXI GLH 8KU ³,Q VSlWHVWHQV
.DPSILP0RQGJHKLUQ
M
$WODQ
HLQHUKDOEHQ6WXQGHPWH%DQHHFPLWVHLQHQ/HXWHQKLHUVHLQ,Q]ZLVFKHQZHUGHQZLU QDFKZHLWHUHQ,QIUDURWVSXUHQVXFKHQGLHGLH,UUHJXOlUHQKLQWHUODVVHQKDEHQ´ ,FKZXUGHSO|W]OLFKVHKUPGH'DUXPEDWLFKGHQ2EHUVWPLFKHLQSDDU0LQXWHQ DXVUXKHQ ]X GUIHQ /HP\ 'DQJHU ZDU HLQYHUVWDQGHQ (U VDJWH LFK VROOWH PLFK QHEHQ GLHEHQDFKEDUWH6SLQHFKR)DOOHOHJHQ $XIDWPHQGEHIROJWHLFKVHLQHQ5DW,GHU1lKHGHU6SLQHFKR)DOOHKHUUVFKWHHLQ EHVWlQGLJHV 5DXVFKHQ GDV YRQ GHQ HLQJHIDQJHQHQ 6SDQQXQJVLPSXOVHQ HU]HXJW ZXUGH'RFKGDVVW|UWHPLFKQLFKW,FKOHJWHPLFKDXIGHQ%DXFKEHWWHWHGHQ.RSIDXI GLHYHUVFKUlQNWHQ$UPH²XQGZDULPQlFKVWHQ$XJHQEOLFNHLQJHVFKODIHQ $OVLFKHUZDFKWHZDUHVGXQNHO 9HUZXQGHUWGUHKWHLFKPLFKDXIGLH6HLWH'LH'XQNHOKHLWZDUIDVWDOOJHPHLQZLH LFKIHVWVWHOOWH1XUKLHUXQGGDVFKXIHQOHLFKWHUH(QWODGXQJVEOLW]H]HLWZHLOLJHWZDV/LFKW ,FK VWDQG DXI %LV DXI HLQHQ OHLFKWHQ 'UXFN KLQWHU GHP 6WLUQEHLQ IKOWH LFK PLFK ZRKO0HLQH(ULQQHUXQJHQVFKLHQHQNHLQH/FNHQ]XHQWKDOWHQ ³2EHUVW'DQJHU´IOVWHUWHLFK ,FK VWHOOWH IHVW GD GDV 5DXVFKHQ GHU HLQJHIDQJHQHQ 6SDQQXQJVLPSXOVH YHUVWXPPWZDU)ROJOLFKDUEHLWHWHGLH6SLQHFKR)DOOHQLFKWPHKU 2GHUHVH[LVWLHUWHQLQHUUHLFKEDUHU1lKHNHLQH6SLQVPHKUGLHMHQHHFKRDUWLJHQ 6SDQQXQJVLPSXOVHOLHIHUWHQ ,FK VFKDOWHWH GHQ (PSIDQJVWHLO PHLQHV 7HOHNRPV HLQ XQG IXKU V\VWHPDWLVFK GLH )UHTXHQ]HQDE 1LFKWV²DEVROXWQLFKWV %LV DXI GDV QRUPDOH .QLVWHUQ .QDFNHQ XQG 5DXVFKHQ GDV PDQ DXI MHGHU GLFKWEHVLHGHOWHQ :HOW LQ GHQ (PSIlQJHU EHNDP 0LOOLDUGHQ HOHNWURQLVFKHU SRVLWURQLVFKHU XQG SDUDVWDWLVFKHU (PLVVLRQHQ HUIOOWHQ GDV 6ROV\VWHP VR GD HV DXI GHQ %LOGVFKLUPHQ K\SHUVFKQHOOHU (QHUJLHWDVWHU DXV YLHOHQ /LFKWMDKUHQ (QWIHUQXQJ EHUHLWVDOVKHOOVWUDKOHQGHU%DOOHUVFKLHQ ,FKUXQ]HOWHGLH6WLUQ 'LHVH6WLOOHZDUPLUXQYHUVWlQGOLFK6LHNRQQWHEHGHXWHQGD/HP\'DQJHUXQG PHLQH.ROOHJHQVLFKDXV1DWKDQ]XUFNJH]RJHQKDWWHQ 'RFKGDQQKlWWHQVLHPLFKPLWJHQRPPHQ 6LH NRQQWH DEHU DXFK EHGHXWHQ GD GLH 8626SH]LDOLVWHQ XQG GLH ,UUHJXOlUHQ VLFKODXHUQGJHJHQEHUODJHQRKQHGDHLQH6HLWHGLH(QWVFKHLGXQJHU]ZLQJHQNRQQWH %HLGHVHUVFKLHQPLUXQZDKUVFKHLQOLFK ,FK ZDJWH DOOHUGLQJV QRFK QLFKW EHU )XQN QDFK PHLQHQ *HIlKUWHQ ]X UXIHQ QLFKWEHYRULFKZHQLJVWHQVHLQZHQLJYRQGHPGXUFKVFKDXWHZDVJHVSLHOWZXUGH ,FKJLQJ]ZHL6FKULWWHLQ5LFKWXQJ3URJUDPPVHNWRUXQGHUVFKUDNGDEHLEHUGHQ /lUPGHQLFKGDPLWYHUXUVDFKWH+RUFKHQGEOLHELFKVWHKHQ ,UJHQGZR HUW|QWH HLQ VFKZDFKHV =LVFKHOQ DEHU EHYRU LFK GLH 4XHOOH QlKHU EHVWLPPHQ NRQQWH EUDFK HV DE 5HFKWV YRQ PLU XQJHIlKU ]HKQ 0HWHU HQWIHUQW JHLVWHUWHHLQPDWWHV/LFKWGXUFKGLHYHUZLUUHQGH9LHOIDOWGHULQSRWURQLVFKHQ(OHPHQWH ,FKIROJWHLKPPLWGHQ$XJHQXQGHUZDUWHWHGDHVVREDOGZLHGHUYHUVFKZLQGHQ ZUGHZLHGDV=LVFKHOQ 'RFKGDV/HXFKWHQEOLHE 'LH /LFKWTXHOOH EHVD DQQlKHUQG GLH )RUP HLQHU .HU]HQIODPPH RGHU *DVIODPPHXQGVLHIODFNHUWHREZRKOLFKLQ1DWKDQNHLQHQ/XIW]XJVSUWH
.DPSILP0RQGJHKLUQ
M
$WODQ
/DQJVDP WDQ]WH VLH ]ZLVFKHQ /HLWXQJHQ XQG )XQNWLRQVEORFNV XPKHU VFKZHEWH DXIXQGDE ³9HUUFNW´HQWIXKUHVPLU 'LH³)ODPPH´KLHOWUXFNDUWLJDQYHUQHLJWHVLFKLQPHLQH5LFKWXQJXQGZXUGHIU HLQHQ0RPHQWKHOOHU'DQQWlQ]HOWHVLHZHLWHUXQGVLHVFKOXJPHLQH5LFKWXQJHLQ ,FK]RJGHQUHFKWHQ+DQGVFKXKDEXQGELPLFKLQGHQ'DXPHQ (VWDWZHKDOVRWUlXPWHLFKQLFKW 1DFKGHQNOLFK VWUHLIWH LFK GHQ +DQGVFKXK ZLHGHU EHU GDQQ KRE LFK¶ GHQ ,QWHUYDOO'HVLQWHJUDWRUDQ 'DV /LFKW QlKHUWH VLFK PLU XQDXIKDOWVDP ,Q VFKlW]XQJVZHLVH HLQHU KDOEHQ 0LQXWH PXWH HV PLFK HUUHLFKW KDEHQ ZHQQ HV GLH ELVKHULJH $QQlKHUXQJVJHVFKZLQGLJNHLWEHLEHKLHOW 9HUVXFKVZHLVHHQWIHUQWHLFKPLFK]HKQ6FKULWWHYRQPHLQHP6WDQGRUWXQG]ZDU LP UHFKWHQ :LQNHO ]XP .XUV GHV /LFKWHV 6RIRUW lQGHUWH GDV /LFKW VHLQH +DXSWEHZHJXQJVULFKWXQJ (VZROOWHDOVR]XPLU $EHUZDVNRQQWHHVEHLPLUZROOHQ" ,FK HQWVFKOR PLFK OLHEHU GDV 6FKOLPPVWH DQ]XQHKPHQ GDPLW LFK K|FKVWHQV DQJHQHKP HQWWlXVFKW ZHUGHQ NRQQWH ,FK DNWLYLHUWH PHLQHQ ,QGLYLGXDOVFKLUP VFKOR PHLQH+HOPVFKHLEHXQGZDUWHWHPLWVFKEHUHLWHP,QWHUYDOO'HVLQWHJUDWRU 'LH ³)ODPPH´ QlKHUWH VLFK ELV DXI ZHQLJH 6FKULWWH ZREHL VLH QLFKWV YRQ LKUHP *HKHLPQLVSUHLVJDEGDQQYHUVFKZDQGVLH bUJHUOLFKVWDUUWHLFKDXIGLH6WHOOHEHUGHUVLH]XOHW]WJHVFKZHEWKDWWH,FKKDWWH GDV*HIKODOVZlUHLFKKHUHLQJHOHJWZRUGHQ (UVW6SDQQXQJDXIEDXHQXQGVLHGDQQQLFKWO|VHQ²GDVZDUHLQIDFKQLFKWIDLU ,FKZDUWHWHREQLFKWGRFKHWZDVJHVFKDK²YHUJHEOLFK 1DFKUHLIOLFKHUhEHUOHJXQJHQWVFKORLFKPLFKGHVKDOEPHLQHUVHLWVGLH,QLWLDWLYH ]X HUJUHLIHQ 2KQH PHLQHQ ,QGLYLGXDOVFKLUUQ ]X GHVDNWLYLHUHQ VWDUWHWH LFK XQG IORJ LQ HLQH+|KHLQGHULFKHLQHQJHUDGHQ.XUVLQ5LFKWXQJGHV=HOOSODVPD%HWWQJVVHNWURV KDOWHQNRQQWH ,Q]ZLVFKHQKDWWHQVLFKPHLQH$XJHQDQGLH'XQNHOKHLWJHZ|KQWVRGDLFKGLH )OXJSDQ]HU DQ LKUHQ .RQWXUHQ HUNDQQWH DOV LFK LQ YLHU 0HWHUQ +|KH EHU VLH KLQZHJ IORJ 'LH )ODFKVKLIWV ZDUHQ DXI GHP %RGHQ LP +DOENUHLV XP GHQ ZHQLJH 0HWHU HQWIHUQWHQ (LQJDQJ GHU +DXSWSODVPD.XSSHO²JUXSSLHUW $OV LFK EHKXWVDP WLHIHU JLQJ HUEOLFNWHLFKYHUVFKLHGHQWOLFK0HQVFKHQGLHUHJORVDXIGHP%RGHQODJHQ 5HJORV" 1HLQHEHQKDWWHVLFKHLQHGHU*HVWDOWHQEHZHJW(VVDKVRDXVDOVZLQNWHVLH PLU]XHEHQLKU]XODQGHQ ,FK]|JHUWHQLFKWODQJH:HQQGDVGRUWXQWHQHLQ,UUHJXOlUHUZDUKDWWHLFKHEHQ 3HFKJHKDEW'RFKLFKKLHOWGDVIUXQZDKUVFKHLQOLFKZHLOHVYRUDXVJHVHW]WKlWWHGD XQVHUH6KLIWVGHQ6DERWHXUHQLQGLH+lQGHJHIDOOHQZDUHQ $OVLFKQHEHQGHU*HVWDOWODQGHWHHUNDQQWHLFKGDHV2EHUVW/HP\'DQJHUZDU ³6LU´IOVWHUWHLFKYHUZXQGHUW³:DVKDWGDVDOOHV]XEHGHXWHQ"´ ³+RFKHQHUJLHDJJUHJDWHGHVDNWLYLHUHQ´UDXQWH'DQJHUPLU]X³6RQVWULFKWHQGLH WHUUDQLVFKHQ7|OSHOQRFKJU|HUHQ6FKlGHQDQ´
.DPSILP0RQGJHKLUQ
M
$WODQ
,FKJHKRUFKWH ³:DVLVWJHVFKHKHQ"´ZROOWHLFKZLVVHQ ³'LH ,UUHJXOlUHQ PVVHQ HLQ SDDU 0DQLSXODWLRQHQ YHUVXFKW KDEHQ GLH PDQ LQ 1DWKDQ OLHEHU XQWHUOlW -HGHQIDOOV ZXUGH GHU 6LFKHUKHLWV6HNWRU GHU ,QSRWURQLN DODUPLHUW'DHULQIROJHGHU,QDNWLYLWlW1DWKDQVEORFNLHUWLVWDODUPLHUWHHUVHLQHUVHLWVGDV WHUUDQLVFKH+LOIVSHUVRQDO ³$KD´PDFKWHLFK ³-D´HUNOlUWH/HP\'DQJHUJULPPLJ³'LHXQJHVFKODFKWHQ5LHVHQIXPPHOWHQPLW LKUHQ SOXPSHQ )LQJHUQ LQ GHQ KRFKHPSILQGOLFKHQ (OHPHQWHQ KHUXP XQG YHUXUVDFKWHQ HLQH5HLKHYRQ.XU]VFKOVVHQ (UVHXI]WHVFKZHU ³(LQEHVRQGHUVGLFNN|SILJHU%XUVFKHNDPDXIGLHLGLRWLVFKH,GHHXQVJHJHQGLH ,UUHJXOlUHQKHOIHQ]XZROOHQ(UVHW]WH0DQLSXODWRUHQHLQXQGEUDFKWHXQVEHLQDKHXP´ ³'DVGDUIQLFKWZDKUVHLQ´HQWIXKUHVPLU ³,Q GHU 7DW 0DMRU 3DGLOOR 0LU¶ EOLHE QLFKWV DQGHUHV EULJ DOV PLFK PLW GHP $QIKUHU GHU ,UUHJXOlUHQ LQ )XQNYHUELQGXQJ ]X VHW]HQ :LU YHUHLQEDUWHQ GD GLH ,UUHJXOlUHQGLH%HOHXFKWXQJDEVFKDOWHQXQGGDEHLGH6HLWHQVLFKVWLOOYHUKDOWHQELVGLH *HIDKUYRUEHLLVW´ ³8QGGDQQ"´IUDJWHLFK ³'DQQ JUHLIHQ ZLU DQ´ HUNOlUWH 2EHUVW 'DQJHU /HLVH IJWH HU KLQ]X ³/HLFKW ZLUG HVQLFKWVHLQGLH.XSSHO]XµNQDFNHQ¶RKQHGDV3ODVPD]XVFKlGLJHQ´ LFKVFKZLHJGHQQLFKZXWHGD/HP\'DQJHUXQWHUWULHEHQKDWWH(VZDUVRJXW ZLHXQP|JOLFKGLH.XSSHODXI]XEUHFKHQRKQHGDVZHUWYROOH%LRSODVPD]XVFKlGLJHQ :LUZUGHQYLHO*HGXOGKDEHQPVVHQ²RGHUHLQHQJHQLDOHQ(LQIDOO 8QGYRQ6WXQGH]X6WXQGHYHUVFKOLPPHUWHVLFKGLH:LUWVFKDUWVXQG)LQDQ]ODJH GHV6RODUHQ,PSHULXPV 0DQ VFKULHE GHQ -XQL 6RODUWLPHXQG XP 8KUVROOWH GHU $QJULII DXIGLH%DVWLRQGHU6DERWHXUHEHJLQQHQ 8P 8KU ILQJHQ XQVHUH 3VLRQRPHWHU HLQHQ ZDKUHQ 6FKZDOO SVLRQLVFKHU (QHUJLHDXIGLHDXVGHUVHSDUDWHQ.XSSHOPLWGHP3ODVPDNDPGDVLQ6\PELRVHPLW GHQJROGIDUEHQHQ,QVHNWHQOHEWH 6HNXQGHQ VSlWHU ]HUUL HLQ 6FKUHL GLH 6WLOOH YRU GHP 6WXUP HLQ VR JHZDOWLJHU 6FKUHLGDHLQLJHXQVHUHU/HXWHIDVWHZXWORVZXUGHQ 'HU6FKUHLNRQQWHQXUYRQHLQHP7HUUDQHUDXVJHVWRHQZRUGHQVHLQYHUPXWOLFK YRQ HLQHP 7HFKQLNHU GHU GHQ 3ODVPDVHNWRU EHU HLQH ,QWHUQ7ULYLGHR$QODJH EHREDFKWHWKDWWH:DKUVFKHLQOLFKKDWWHLKQGHUSVLRQLVFKH$XVEUXFKHUVFKUHFNW 2EHUVW/HP\'DQJHUEHIDKOhEHU+HOPIXQN5XKH]XEHZDKUHQXQGJHQDXQDFK 3ODQ]XKDQGHOQ 'LH ,PSXOVJHVFKW]H GHU )OXJSDQ]HU ULFKWHWHQ VLFK DXI GDV 7RU GHU VWlKOHUQHQ .XSSHOXQGGLH%HVDW]XQJHQVFKORVVHQGLH'UXFNKHKQH ,FKEHIDQGPLFK]XVDPPHQPLW'DQJHULP)KUXQJVSDQ]HU$QJHVSDQQWEOLFNWH LFKDXIGHQ&KURQRJUDSKHQ
.DPSILP0RQGJHKLUQ
M
$WODQ
1RFKIQI6HNXQGHQELV]XPHUVWHQ)HXHUVFKODJ 3O|W]OLFK YHUVFKZDPPHQ GLH =DKOHQ GHU 8KU YRU PHLQHQ $XJHQ ,P QlFKVWHQ $XJHQEOLFN NUDFKWH HV .RFKHQGKHLH /XIW ZLUEHOWH GXUFK GHQ ,QQHQUDXP GHV )KUXQJVSDQ]HUV ³$XVVWHLJHQ´EHIDKO'DQJHU³7UHIIHULP.UDIWZHUNVVHNWRU([SORVLRQVJHIDKU ,FKEHJULIIQLFKWZDVXPPLFKKHUXPYRUJLQJ9RUPHLQHQ$XJHQZDOOWHQLPPHU QRFK1HEHOVFKOHLHU'RFKLQVWLQNWLYIDQGLFKGHQULFKWLJHQ:HJDXVGHP)OXJSDQ]HU $OV LFK PLFK DXV GHP /XN JH]RJHQ KDWWH DNWLYLHUWH LFK GDV )OXJDJJUHJDW XQG HQWIHUQWH PLFK YRQ GHP )DKU]HXJ DXV GHVVHQ +HFN OLFKWERJHQDUWLJH NQLVWHUQGH %OLW]H ]XFNWHQ $EHUODQJH NRQQWH LFK PLFK QLFKW DXI GLH %HWUDFKWXQJ GHV EUHQQHQGHQ 3DQ]HUV NRQ]HQWULHUHQ 5LQJVXPKHUEUDFKGLH+|OOHORV 9HUVWHFNWH *HJQHU IHXHUWHQ YRQ DOOHQ 6HLWHQ DXI XQVHUH 6WHOOXQJ (LQ ]ZHLWHU )OXJSDQ]HU ZXUGH JHWURIIHQ GLH EHLGHQ DQGHUHQ HUZLGHUWHQ GDV )HXHU DEHU LQ GHQ PHLVWHQ)lOOHQYHUERWVLFKHLQ%HVFKXGHU,UUHJXOlUHQZHLOGDGXUFK]XJURH6FKDGHQ LQGHU,QSRWURQLNHQWVWDQGHQZlUHQ $EHU DXFK GLH 6DERWHXUH VFKLHQHQ :HUW GDUDXI ]X OHJHQ GD 1DWKDQ QLFKW ]X VHKUEHVFKlGLJWZXUGH 'DV ZDU YLHOOHLFKW XQVHU *OFN GHQQ GHU hEHUIDOO ZDU VR EHUUDVFKHQG JHNRPPHQGDPDQXQVUHLPNRQ]HQWULVFKHQ(LQVDW]VFKZHUHU:DIIHQLQGHUHUVWHQ KDOEHQ0LQXWHKlWWHW|WHQN|QQHQ ,Q]ZLVFKHQ KDWWHQ ZLU XQV YRQ GLHVHU hEHUUDVFKXQJ ZHLWJHKHQG HUKROW 'LH %HVDW]XQJHQ GHU EHLGHQ JHWURIIHQHQ )OXJSDQ]HU YHUVWUHXWHQ VLFK LP HOHNWURQLVFKHQ 'VFKXQJHO'DV*HIHFKWO|VWHVLFKDOOPlKOLFKLQ(LQ]HONlPSIHDXI ,FK KDWWH PLU HLQHQ *HJQHU DXVJHVXFKW GHU VLFK KLQWHU GHQ +\SHUPDJQHWIHOG 3URMHNWRUHQHLQHV$*6\QFKURWURQVYHUERUJHQKLHOWXQGPLWHLQHP3URMHNWLO,PVFK3\FR DPOLQNHQ)XYHUOHW]WKDWWH 'HUDUWLJH 3URMHNWLOH SILIIHQ QXQ PLU XP GLH 2KUHQ DOV LFK PLFK VSUXQJZHLVH DQ GHQ%XUVFKHQKHUDQDUEHLWHWH 6HOEVWYHUVWlQGOLFK NRQQWHQ GLH 3URMHNWLOH PHLQHQ .RQWXUVFKLUP QLFKW GXUFKGULQJHQ VRQGHUQ VFKOLPPVWHQIDOOV EODXH )OHFNH HU]HXJHQ DEHU GHQQRFK lUJHUWH HV PLFK GD EHUKDXSW HLQ 6LJDQHVH PLW HLQHU W|GOLFKHQ :DIIH DXI HLQHQ DQGHUHQ 6LJDQHVHQVFKR $E XQG ]X JDE LFK HLQHQ 6FKX DXV GHQ 3DUDO\VDWRU DXI GLH 6WHOOXQJ PHLQHV *HJQHUVDE,FKKDWWHGLHµ-DIIHDXIVWlUNVWH%QGHOXQJXQGK|FKVWH/HLVWXQJVDEJDEH JHVFKDOWHW VR GD LFK KRIIHQ GXUIWH JHQJHQG /lKPXQJVHQHUJLH GXUFK GHQ (QHUJLHVFKLUPGHV%XUVFKHQ]XEHNRPPHQZHQQLFKLKQDP.RSIWUDI $EHU GDV 6FKOLPPH ZDU GD ZLU 8626SH]LDOLVWHQ XQVHUHQ *HJQHUQ GXUFK HLQHQ ZLFKWLJHQ )DNWRU LP 1DFKWHLO ZDUHQ :LU OLWWHQ LQ NXU]HQ $EVWlQGHQ DQ GHU SVLRQLVFKHQ$XVVWUDKOXQJGHVVHSDUDWHQ3ODVPDVHNWRUVGLH,UUHJXOlUHQQLFKW 'DIUZDUHQRIIHQEDUGLHVLOEHUIDUEHQHQVSLHJHOJODWWHQ+HOPHYHUDQWZRUWOLFKGLH GLH6DERWHXUHWUXJHQ6LHVFKLHQHQGLHSVLRQLVFKH6WUDKOXQJ]XUHIOHNWLHUHQ 'DV EHGHXWHWH GD GLH ,UUHJXOlUHQ GHQ SVLRQLVFKHQ 3ODVPDLPSXOVVFKZDOO YRUDXVJHSODQWXQGZDKUVFKHLQOLFKDXFKDXVJHO|VWKDWWHQ (VNQDFNWHLP+HOPODXWVSUHFKHUGDQQVDJWH'DQJHUV6WLPPH
.DPSILP0RQGJHKLUQ
M
$WODQ
³9HUVXFKHQ6LH5HIOHNWRUKHOPH]XHUEHXWHQ$QVRQVWHQZHLQHUVR´ ,FK GXFNWH PLFK DOV HLQ *HVFKR EHU PLU JHJHQ 0HWDOO SUDOOWH XQG ]LUSHQG GDYRQIORJ 'DQQVSUDQJLFKDXIUDQQWHGUHL6FKULWWHZDUIPLFKZLHGHUKLQIHXHUWHVSUDQJ ZLHGHU DXI²XQG QDFK GHP OHW]WHQ 6SUXQJ EHIDQG LFK PLFK LQ HLQHP HQJPDVFKLJHQ ,QWHJULHUJLWWHUGDVLQUHJHOPlLJHQ$EVWlQGHQPLWVWDUNHQ,ULGLXPVSLUDOHQEHVWFNWZDU ,FKODFKWHODXWDOVGLHQlFKVWHQ3URMHNWLOHPHLQHV*HJQHUVZLUNXQJVORVYRQGHP *LWWHUZHUNDESUDOOWHQ'LH,ULGLXPVSLUDOHQVXPPWHQKHLO ,FK OHJWH GHQ /DXI GHV 3DUDO\VDWRUV DXI GHQ OLQNHQ 8QWHUDUP XQG ZDUWHWH ,UJHQGZDQQ PXWH PHLQ *HJQHU YHUVXFKHQ LQ HLQH EHVVHUH 6FKXSRVLWLRQ ]X ZHFKVHOQ 'RFKDOVHUHVGDQQWDWNUPPWHLFKPLFKJHUDGHXQWHUHLQHPHUQHXWHQ6FKZDOO SVLRQLVFKHU(QHUJLH0HLQH+QGHVFKZLW]WHQXQG]LWWHUWHQVRGDLFKNHLQHQJH]LHOWHQ 6FKXDEJHEHQNRQQWH 'HQQRFKGUFNWHLFKLPPHUZLHGHUDXIGHQ$XVO|VHUXQGYHUVXFKWHGHQ/DXILQ GLH XQJHIlKUH 5LFKWXQJ GHV VFKHPHQKDIW HUNHQQEDUHQ *HJQHUV ]X KDOWHQ GHU PLW ZHLWHQ6SUQJHQ]XHLQHPWXUPKRKHQ7DFK\RQHQ=HQWULHUHUVSULQWHWH $OVGHU6FKHPHQHLQHQZHLWHQ/XIWVSUXQJYROOIKUWHXQGGDQQQHEHQGHP6RFNHO HLQHV 8PIRUPHUV VWU]WH JODXEWH LFK DQ HLQH /LVW 'RFK DOV LFK EHPHUNWH GD GHU %XUVFKH VLFK ]HQWLPHWHUZHLVH LQ GLH QlFKVWH 'HFNXQJ ]X ]LHKHQ YHUVXFKWH ZDU PLU NODUGDLFKWDWVlFKOLFKHLQHQ:LUNXQJVWUHIIHUDQJHEUDFKWKDWWH *OFNOLFKHUZHLVH OLH GLH :LUNXQJ GHV OHW]WHQ SVLRQLVFKHQ ,PSXOVVFKZDOOV EDOG QDFK ,FK VWDUWHWH PLW GHU +XEVFKUDXEH XQG ODQGHWH QDFK HLQHP JHIlKUOLFKHQ =LFN]DFNIOXJ GXUFK GDV )HXHU ]ZHLHU JHZLVVHQORVHU %ODVWHUVFKW]HQ QHEHQ PHLQHP *HJQHU 0LW HLQHP )XWULWW EHI|UGHUWH LFK VHLQH 3URMHNWLOZDIIH HLQHQ KDOEDXWRPDWLVFKHQ 3XOVDWLRQV.DUDELQHUDXVGHU5HLFKZHLWHVHLQHU+lQGH 'DQQNQLHWHLFKQLHGHUXQG|IIQHWHVHLQHQ+HOP (U EOLFNWH PLFK DXV YHUVFKOHLHUWHQ $XJHQ DQ 6HLQH 0XQGZLQNHO VWDQGHQ YROOHU 6FKDXP2IIHQEDUKDWWHHUVWDUNH6FKPHU]HQ ,FK|IIQHWHPHLQH+HOPVFKHLEHHEHQIDOOVXQGIUDJWH ³:RKLQKDWHVGLFKJHWURIIHQ"´ ³5FNJUDW´VWLHHU]ZLVFKHQ]XVDPPHQJHELVVHQHQ=lKQHQKHUYRU ,FKQLFNWH'DVHUNOlUWHGLH6\PSWRPH (U YHU]RJ GLH /LSSHQ ]X HLQHP Z|OILVFKHQ *ULQVHQ XQG JULII QDFK PHLQHU LP *UWHOKDOIWHUVWHFNHQGHQ,PSXOVZDIIH,FKVFKOXJLKPGHQ/DXIGHV3DUDO\VDWRUVDXIGLH )LQJHU ³-HGHU EHNRPPW GLH %HKDQGOXQJ GLH HU YHUGLHQW´ VDJWH LFK 'DQQ IHXHUWH LFK DEHUPDOV DXI PHLQHQ *HJQHU 'LHVPDO VFKW]WH LKQ NHLQ (QHUJLHVFKLUP YRU GHU OlKPHQGHQ(QHUJLH6HXI]HQGVDFNWHHU]XVDPPHQ :HQLJVWHQVVSXUWHHUMHW]WNHLQHQ6FKPHU]PHKU ,FK QDKP LKP GHQ +HOP DE XQG YHUWDXVFKWH LKQ PLW PHLQHP %HLQDKH DXJHQEOLFNOLFK NDPHQ DOOH (LQGUFNH YLHO NODUHU DOV ]XYRU DQ 'HU SVLRQLVFKH ,PSXOVVFKZDOOVFKLHQ8QJHVFKW]WHJDQ]DOOJHPHLQ]XXPQHEHOQ ,FK VDK PLFK QDFK DOOHQ 6HLWHQ XP GHQQ HKHU .DPSI ZDU QRFK QLFKW ]X (QGH
.DPSILP0RQGJHKLUQ
M
$WODQ
XQGLFKPXWHPLUHLQHQQHXHQ*HJQHUVXFKHQ hEHUDOO LP *HZLUU GHU ,QSRWURQLN ZXUGH JHNlPSIW DEHU LP 8QWHUVFKLHG ]XUU %HJLQQK|UWHPDQVHOWHQHLQHQ/DXW3DUDOYVDWRUHQYHUXUVDFKWHQNDXH*HUlXVFKHXQG 3XOVDWLRQV3URMHNWLOZDIIHQDUEHLWHWHQDXFKQLFKWEHVRQGHUVODXW 'LH ODXWHVWHQ *HUlXVFKH YHUXUVDFKWHU GLH EHUDOO KHUXPSIHLIHQGHQ 4XHUVFKOlU 9RQ GHQ )OXJSDQ]HUQ ZDU QLFKWV PHKU ]X K|UHQ 'LH ,UUHJXOlUHQ PXWHQ VLH DOOH DXVJHVFKDOWHWKDEHQ 'DV ZDU ELWWHU DEHU HV VDJWH ZHQLJ EHU GLH 4XDOLWlWHQ YRQ 8626SH]LDOLVWHQ DXV0DQKDWWHXQVPLWGHPSVLRQLVFKHQ,PSXOVVFKZDOOJDQ]VFK|QKHUHLQJHOHJW (QGOLFKHQWGHFNWHLFKGHQ6WDQGRUWHLQHV,UUHJXOlUHQGHUJHUDGHGDEHLZDUDXI GHP*LWWHUWXUPHLQHU7UDQVIRUPDWLRQVPDWUL[HLQ1DUNRVHJHVFKW]]XPRQWLHUHQ ,FKHQWVFKORPLFKLKQGLUHNWDQ]XIOLHJHQDNWLYLHUWHPHLQ$QWLJUDYDJJUHJDWXQG VWDUWHWH (U VDK PLFK DOV LFK XQJHIlKU DXI KDOEHU +|KH GHV *LWWHUWXUPHV ZDU²XQG HU ZLQNWHPLU]X 'DV YHUZLUUWH PLFKKLV PLU HLQILHO GD´ LFK GHQ 5HIOHNWRUKHOP HLQHV ,UUHJXO UHQ WUXJ ,FKKLHOWDQ (V ZDU PLU QLFKW PHKU P JOLFK DXI GHQ 6DERWHXU ]X VFKLHHQ 'DV OLH PHLQ (KUHQNRGH[QLFKW]XGHQQHUKLHOWPLFKMDIUHLQHQ.ROOHJHQ 'RFKHVJDEHLQHQ$UDVZHJ ,FK ]RJ GHQ ,PSXOVVWUDKOHU XQG IHXHUWH HLQHQ 6FKX LQ GLH /XIW 'LH (QHUJLHHQWODGXQJNUDFKWHODXW 'HU,UUHJXOlUHDXIGHP*LWWHUWXUPIXKUKHUXP ,FKGURKWHLKPPLWGHP3DUDO\VDWRUGDEHJULIIHUGDLFKHLQ*HJQHUZDU (UKREGDQNHQGGLH+DQGGDQQJULIIHUQDFKGHP3XOVDWLRQV*HZHKUGDVULHKHQ LKPDXIGHP%RGHQODJ ,FK VWDUWHWH ZLHGHU GXUFK XQG IHXHUWH ZlKUHQG PLU GLH 3URMHNWLOH XP GLH 2KUHQ SILIIHQ(LQHVWUDIUHLQHQ.RQWXUVFKLUPLQ+|KHGHVUHFKWHQ2EHUVFKHQNHOV,FKVSUWH HLQHQKDUWHQ6FKODJSHU6FKPHU]NDPHUVWHLQLJH6HNXQGHQVSWHU $EHUGDKDWWHLFKPHLQHQQHXHQ*HJQHUEHUHLWVYROOLQ6FKlGHOK|KHJHWURIIHQ(U ULFKWHWHVLFKNHU]HQJHUDGHDXIILHODEHUQLFKWXP /DQJVDP IORJ LFK GLH NOHLQH 3ODWWIRUP DQ DXI GHU PHLQ *HJQHU QHEHQ GHP 1DUNRVHJHVFKW]VWDQG'LHVH:DIIHNHQQWHXQVJXWH'LHQVWHOHLVWHQZHQQLFKVLHYRQ KLHUREHQJHJHQGLH,UUHJXOlUHQHLQVHW]WH 'RFKGDVKDWWHLPJOHLFKHQ$XJHQEOLFNDXFKHLQHUGHU6DERWHXUHHUNDQQWXQGHU UHDJLHUWHPLWGHU%UXWDOLWlWYRQ%DUEDUHQ $QVWDWW PLFK PLW HLQHP 3DUDO\VDWRU RGHU HLQHP 3URMHNWLOJHZHKU ]X EHVFKLHHQ IHXHUWHHUHLQH&UXFLEOH.XU]UDNHWHDXIGDV1DUNRVHJHVFKW]DE 'DV REHUH 9LHUWHO GHV *LWWHUWXUPV YHUZDQGHOWH VLFK LQ HLQH )ODPPHQORKH GLH VRZRKOGDV*HVFKW]DOVDXFKGHQ,UUHJXOlUHQGDQHEHQ]HUVFKPRO] ,FK NRQQWH LP OHW]WHQ 0RPHQW HQWNRPPHQ DEHU PHLQ (LQVDW]DQ]XJ KDWWH XQWHU GHU+LW]HJHOLWWHQ'LH2EHUIOlFKHQEHVFKLFKWXQJZDU]HUVFKPRO]HQ0HLQ.RQWXUVFKLUP ZDU]XVFKZDFKIUGLHDXIWUHIIHQGHQ(QHUJLHQJHZHVHQ ,FK IORJ WDXPHOQG DXI HLQ DXV +RZDOJRQLXP EHVWHKHQGHV 'LVSHUVLRQVILOWHU IU 1HXWULQRV ]X XP PLFK ]X YHUNULHFKHQ XQG PLFK YRQ GHP IXUFKWEDUHQ 6FKRFN ]X HUKROHQ
.DPSILP0RQGJHKLUQ
M
$WODQ
'HUEUXWDOH0RUGKDWWHPLFKHUVFKWWHUW .RQQWHHLQ6LJDQHVHEHUKDXSWVRHWZDVWXQ(VZDUIXUFKWEDUVLFKYRU]XVWHOOHQ GD GLH (UHLJQLVVH LQ 1DWKDQ P|JOLFKHUZHLVH QXU GHU %HJLQQ HLQHU :HOOH YRQ *HZDOWWDWHQZDUHQ²YRQ*HZDOWWDWHQGLHYRQ6LJDQHVHQYHUEWZXUGHQ $OV LFK ]ZLVFKHQ GHQ 6FKZLQJNULVWDOOUHLKHQ ODQGHWH ]LWWHUWH LFK QRFK LPPHU YRU (PS|UXQJEHUGHQEDUEDULVFKHQ0RUG ,P QlFKVWHQ $XJHQEOLFN ZDU GLH 8QWDW DXV GHU 2EHUIOlFKH GHV %HZXWVHLQV YHUVFKZXQGHQ KLQZHJJHIHJW GXUFK HLQ (UHLJQLV GDV PLFK ULHFK ZHLWDXV VW UNHU HUVFKWWHUWH 'LH ,UUHJXOlUHQ LQ GHU 3ODVPDNXSSHO IKUWHQ HLQHQ $XVEUXFK GXUFK 'RFK QLFKW GDVHUVFKWWHUWHPLFKVRVWDUNVRQGHUQGLH7DWVDFKHGDVLHVFKZHUH,PSXOVZDIIHQXQG 'HVLQWHJUDWRUHQ HLQVHW]WHQ :DIIHQ GLH DEVROXW W|GOLFK ZLUNWHQ VREDOG VLH HUVW HLQPDO GHQ,QGLYLGXDOVFKLUPGHV*HJQHUVGXUFKGUDQJHQ´ 'LHVHV EUXWDOH 9RUJHKHQ YHUVFKDIIWH GHQ ,UUHJXOlUHQ GHQ $QIDQJVHUIROJ 6LH VWLHHQ PLWWHQ XQWHU GLH .lPSIHQGHQ YRU XQG PHKUHUH 6SH]LDOLVWHQ VWDUEHQ LQ LKUHP )HXHU $EHU GLH 0|UGHU KDWWHQ VLFK YHUNDONXOLHUW DOV VLH DQQDKPHQ 8626SH]LDOLVWHQ OLHHQVLFKGXUFKHQWVSUHFKHQGEUXWDOHV9RUJHKHQHLQVFKFKWHUQ :LU YHUWDXVFKWHQ GLH 3DUDO\VDWRUHQ PLW GHQ ,PSXOVZDIIHQ XQG 'HVLQWHJUDWRUHQ XQGJLQJHQQDFKHLQHP6FKHPDYRUGDVEHLYLHOHQ3V\FKRNRQGLWLRQHQIHVWLQXQVHUHQ 8QWHUEHZXWVHLQHQYHUDQNHUWZRUGHQZDU :LU VDPPHOWHQ XQV ]XP *HJHQDQJULII²XQG GDV =LHO ZDU GDV 7RU GHU 3ODVPDNXSSHO GXUFK GDV GHU $XVEUXFK HUIROJW ZDU 'LH ,UUHJXOlUHQ ZHKUWHQ VLFK YHU]ZHLIHOWGRFK0HWHUXP0HWHUGUlQJWHQZLUVLH]XUFN ,FK IORJ GLFKW EHU GHP %RGHQ ]ZLVFKHQ JOKHQGHQ 7UPPHUQ KLQGXUFK (LQ ,UUHJXOlUHU WDXFKWH YRQ UHFKWV DXI KRE GLH ,PSXOVZDIIH ]XP 6FKX XQG VWDUE 'HU Ql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|W]OLFK ZDU LFK LQ XOWUDKHOOHV KHLHV/LFKWJHKOOW²XQGLQQlFKVWHQ0RPHQWZXUGHHVGXQNHO $XV
=DUWH 6SKlUHQPXVLN VFKZDQJ VLFK DXI ZDWWHZHLFKHQ :RONHQ HPSRU XPVSLHOWH HLQHQHLQVDPHQ6WHUQXQGVHW]WHNOLQJHQGH7XSIHQLQV$OO 2IIHQEDUZDULFKLP+LPPHOIUVLJDQHVLVFKH8626SH]LDOLVWHQJHODQGHW 2GHUGRFKQLFKW"
.DPSILP0RQGJHKLUQ
M
$WODQ
'LH NUDIWYROOHQ 6FK8JH GLH PLUMHPDQG LQ ODQJHQ ,QWHUYDOOHQ JHJHQ GHQ +LQWHUNRSIYHUVHW]WHOLHHQHLQHQVFKUHFNOLFKHQ9HUGDFKWLQPLUDXINHLPHQ 9LHOOHLFKWEHIDQGLFKPLFKLQ¶GHU+|OOHIU(UWUXVHU 'LH,QWHUYDOOHZXUGHQNU]HU,PPHUVFKQHOOHUNUDFKWHQGLH+LHEHJHJHQPHLQHQ +LQWHUNRSIGDQQYHUVFKPRO]HQVLH]XHLQHPJDQ]HQ0HHUYROOHU6FKPHU]HQ 8QG LFK PHUNWH GD LFK YRUKLQ DXVJHVSURFKHQHQ 8QVLQQ JHGDFKW KDWWH $OOPlKOLFK QDKP PHLQ VFKPHU]JHSODJWHU *HLVW ZLHGHU (LQGUFNH GHU 8PZHOW DXI ,FK VSXWH%RGHQHUVFKWWHUXQJHQK|UWH(QHUJLHHQWODGXQJHQXQG6FKUHLH'HU.DPSIWREWH DOVRQRFKLPPHU 8QGLFKOHEWHQRFK 0HLQH$XJHQEUDQQWHQGRFKQDFKXQGQDFKYHUPRFKWHLFKZLHGHUNODU]XVHKHQ ,FKODJ]ZLVFKHQGHQVFKPRUHQGHQ6SXOHQHLQHV0HVRQHQHU]HXJHUV2IIHQEDUZDULFK DEJHVWU]WDOVGHU6FKXDXVGHP,PSXOVJHVFKW]PLFKJHWURIIHQKDWWH (UNRQQWHQLFKWYROOJHWURIIHQKDEHQ6RQVWOHEWHLFKQLFKWPHKU:DKUVFKHLQOLFK KDWWH HU PLFK QXU JHVWUHLIW DEHU EHL GHU ,QWHQVLWlW HLQHV ,PSXOVJHVFKW]VWUDKOHUV JHQJWHGDVXPHLQHQ,QGLYLGXDOVFKLUP]XVDPPHQEUHFKHQ]XODVVHQ ,FKYHUVXFKWHPLFKDXI]XVHW]HQ²XQG0LWWHEHLQDKHYRU)UHXGHJHVFKULHQDOVHV PLUWDWVlFKOLFKJHODQJXQGLFKLQMHGHP*OLHG6FKPHU]HQVSUWH 0HLQ 5FNJUDW ZDU GHPQDFK XQYHUOHW]W REZRKO LFK DXV VFKlW]XQJVZHLVH GUHL 0HWHUQDXIGHQ5FNHQJHVWU]WZDU ,FK NQLHWH PLFK KLQ XQG QDKP GHQ $JJUHJDWWRUQLVWHU DE 'LH LOXEVFKUDXEH ZDU DEJHEURFKHQ GHU $QWLJUDYDQWULHE DUEHLWHWHQLFKWPHKU 1XU GHU hEHUOHEHQVWHLO IXQNWLRQLHUWHQRFK ,PEULJHQVDKLFKVFKDXGHUKDIWDXV 'HU(LQVDW]DQ]XJVDKDXVDOVZlUHHUGXUFKHLQHQ5HLZROIJHGUHKWZRUGHQ,FK VWHOOWH IHVW GD DXFK GLH ]ZHLWH XQG GULWWH 6FKLFKW ]HUVW|UW ZDUHQ ,KUH )HW]HQ KLQJHQ VFKZDU]XQGKlOLFKDQGHUYLHUWHQ6FKLFKW (V ZDU HLQ :XQGHU GD GHU (LQVDW]DQ]XJ QDFK GLHVHQ %HDQVSUXFKXQJHQ EHUKDXSWQRFKGLFKWKLHOW 9RUVLFKWLJ NURFK LFK XQWHU HLQHU GHU VFKPRUHQGHQ 0HVRQHQHU]HXJHU6SOHQ KLQGXUFK 8QJHIlKU IQI]HKQ 0HWHU YRU PLU ODJ GDV DXVJHJOKWH :UDFN GHV )OXJSDQ]HUVGHUDOOHU:DKUVFKHLQOLFKNHLWQDFKDXIPLFKJHVFKRVVHQKDWWH 6HLQH %HVDW]XQJ PXWH XPJHNRPPHQ VHLQ )ROJOLFK ZUGH LFK NDXLUU MHPDOV HUIDKUHQ RE VLH DXV 8626SH]LDOLVWHQ EHVWDQGHQ KDWWH GLH PLFK ZHJHQ PHLQHV 5HIOHNWRUKHOPHV IU HLQHQ LUUHJXOlUHQ KLHOWHQ²RGHU DXV ,UUHJXOlUHQ GLH HLQHQ XQVHUHU 6KLIWVHUEHXWHWKDWWHQ ,FKODXVFKWHGHQ*HUlXVFKHQGHV.DPSIHV 9HUZXQGHUW VWHOOWH LFK IHVW GD GLH ORNNHUH .DPSIOLQLH VLFK YRQ GHU 3ODVPDNXSSHOHQWIHUQWKDWWH 'LH 6DERWHXUH PXWHQ PHLQH .ROOHJHQ ]XUFNJHZRUIHQ KDEHQ :DKUVFKHLQOLFK ZDUGDUDQGDVPXWLHUWH3LDVPDGHU1HEHQNXSSHOVFKXOG ,FK NURFK YROOHQGV LQV )UHLH HUKRE PLFK XQG VFKDXWH PLFK VXFKHQG QDFK MHQHU 1HEHQNXSSHOXP*HUDGHKDWWHLFKVLHHUVSlKWGDJLQJGDV7ILFKWLQ1DWKDQZLHGHUDQ *OHLFK GDUDXI VHQNWH VLFK HLQ VWlKOHUQHU 0DQLSXODWRUDUP KHUDE HUIDWH PLW VHLQHQ*UHLINODXHQGLH1HEHQNXSSHOXQGHQWIKUWHVLH(QGOLFKKDWWHQGLHWHUUDQLVFKHQ 7HFKQLNHUHLQJHJULIIHQ
.DPSILP0RQGJHKLUQ
M
$WODQ
'HU (UIROJ PDFKWH VLFK VFKRQ ZHQLJH 6HNXQGHQ²VSlWHU EHPHUNEDU 'HU *HIHFKWVOlUPVFKZROODQXQGQlKHUWHVLFKVSUXQJKDIWPHLQHP6WDQGRUW ,FKOlFKHOWH 'DVZDUGLH$NWLRQYRQ8626SH]LDOLVWHQGLHLP9ROOEHVLW]LKUHUJHLVWLJHQ.UlIWH ZDUHQ $EHU GDQQ GDFKWH LFK QLHGHUJHVFKODJHQ GDUDQ GD 6LJDQHVHQ 6LJDQHVHQ XPEUDFKWHQHLQXQJHKHXHUOLFKHU9RUJDQJGHUXQVHU9RONLQWLHIVWH9HU]ZHLIOXQJVWU]HQ ZUGH ,FK ZDUI PLFK ]X %RGHQ DOV GUHL NOHLQH 5DNHWHQ DQ PLU YRUEHLIDXFKWHQ 6LH SUDOOWHQJHJHQGHQ(QHUJLHVFKLUPYRUGHP(LQJDQJGHU3ODVPDNXSSHOXQGH[SORGLHUWHQ .XU]GDQDFKVFKOXJHQGLHQlFKVWHQGUHL5DNHWHQHLQ 3O|W]OLFK O|VWHQ VLFK DXV HLQHP 6FKXWWKDXIHQ ]ZHL LUUHJXOlUH XQG OLHIHQ ZLH YRQ )XULHQJHKHW]W]XUFN LFK ZROOWH QDFK HLQHU PHLQHU :DIIHQ JUHLIHQ XQG PHUNWH GD VLH PLWVDPW GHP *UWHOKDOIWHUYHUVFKZXQGHQZDUHQ6LFKHUZDUGHU*UWHOJHULVVHQDOVGHU6FKXDXV GHP,PSXOVJHVFKW]PLFKWUDI 'LH EHLGHQ ,UUHJXOlUHQ ZLQNWHQ PLU ]X LFK VROOWH LQ 5LFKWXQJ 3ODVPDNXSSHO ODXIHQ ³$OOJHPHLQHU5FN]XJ´ULHIGHUHLQHKHUlEHU³'LH862VKDEHQVLFKLQUDVHQGH 7HXIHOYHUZDQGHOW´ $EHUPDOV IDXFKWHQ GUHL 5DNHWHQ KHUDQ 'LH EHLGHQ ,UUHJXOlUHQ ZDUIHQ VLFK ]X %RGHQ ,FK QLFKW GHQQ LFK ZXWH MD ZDV GDV =LHOGHU 5DNHWHQ ZDU 1XU KDWWH LFK QLFKW PLW GHP =XIDOO JHUHFKQHW GHU GDULQ EHVWDQG GD GLH HLQH 5DNHWH GXUFK HLQH 8QVWLPPLJNHLWLKQ$QWULHEYRPJHSODQWHQ.XUVDEZLFKXQGDXIPLFK]XNDP :LH GHU %OLW] 'RFK LFK XQWHU GHU 6SXOH KLQGXUFK LQ 'HFNXQJ ,P QlFKVWHQ 0RPHQW H[SORGLHUWH GHU 6SUHQJNRSI 'LH 6SXOH KLQWHU PLU ]HUVSOLWWHUWH LQ ]DKOORVH )UDJPHQWHXQGHLQHVWUDIPLFKLP1DFNHQ 'LHVPDOYHUORULFK]ZDUGDV%HZXWVHLQQLFKWDEHULFKZDUVREHQRPPHQGD LFKPLFKQLFKWEHZHJHQNRQQWH :LHGXUFK5DXFKVFKOHLHUKLQGXUFKQDKPLFKZDKUGDGLHEHLGHQ,UUHJXOlUHQ]X PLUJHODXIHQNDPHQ(LQHUNQLHWHQHEHQPLUQLHGHU ³1XQZDVLVWPLWLKP"´IUDJWHGHUDQGHUH ³:HL QLFKW (U OHEW MHGHQIDOOV QRFK .RPP ID PLW DQ :LU WUDJHQ LKQ LQ GLH %DVLV´ ,FK VSUWH GD LFK DXIJHKREHQ ZXUGH 'LH EHLGHQ ,UUHJXOlUHQ KDWWHQ GHPQDFK LKUHQ,UUWXPQRFKQLFKWEHPHUNW'DVYHUZXQGHUWHPLFKDOOHUGLQJVQLFKWPHKUDOVLFKPLU YHUJHJHQZlUWLJWHZLHLFKDXVVDK ,FKWUXJHLQHQ5HIOHNWRUKHOPXQGPHLQ(LQVDW]DQ]XJZDUVRVWDUNPLWJHQRPPHQ GD ZRKO QXU HLQH FKHPLVFKH $QDO\VH ]X GHP (UJHEQLV NlPH GD HV VLFK XP 862 :DUHKDQGHOWH ,FKYHUVXFKWH]XVSUHFKHQEUDFKWHDEHUQXUHLQPDWWHVXQYHUVWlQGOLFKHV/DOOHQ ]XZHJH ³1LFKWVSUHFKHQ´PDKQWHGHUHLQH,UUHJXOlUH³:LUEULQJHQGLFKLQGLH%DVLV'RUW NDQQVLFKGHU2UJDQDXVWDXVFKHUXPGLFKNPPHUQ´PHLQ-XQJH´ 'HU2UJDQDXVWDXVFKHU"
.DPSILP0RQGJHKLUQ
M
$WODQ
:DKUVFKHLQOLFKMHPDQGGHU7UDQVSODQWDWLRQHQGXUFKIKUW $EHUZDVKDWWHHLQ0HGL]LQHUPLWGHQ6DERWDJHDNWHQLQGHU%LQDUHQOQSRWURQLN]X VFKDIIHQ" ,UJHQGZR KLQWHU XQV EUOOWHQ (QWODGXQJHQ DXI 3XOVDWLRQV*HZHKUH VSLHQ ]DKOORVH 3URMHNWLOH DXV GLH SIHLIHQG ]LUSHQG XQG NUHLVFKHQG LKUH %HJOHLWPXVLN SURGX]LHUWHQ $EHUPDOV IDXFKWHQ 5DNHWHQ KHUDQ VFKOXJHQ LQ GHU 1lKH HLQ 'DQQ K|UWH LFK GDV²6WDNNDWR ODXIHQGHU )H +LOIHUXIH XQG 9HUZQVFKXQJHQ 'LH %DUEDUHL HLQHV JQDGHQORVHQ.DPSIHVUXLQLHUWHGLHJXWHQ6LWWHQ6LJDV 'HU,UUHJXOlUHYRUPLUEUDFKMlKOLQJV]XVDPPHQ(LQYHULUUWHV*HVFKRKDWWHLKQ JHWURIIHQ 6HLQ*HIlKUWHOLHPLFK]X%RGHQJOHLWHQXQWHUVXFKWHGHQ*HWURIIHQHQXQGOHEWH PLFKGDQQEHUVHLQH6FKXOWHU ³(ULVWWRW´³IOVWHUWHHU 'HU*HIHFKWVOlUPVFKZROO]XHLQHPEHlQJVWLJHQGHQ*HW|VHDQ'LH,UUHJXOlUHQ ]RJHQ VLFK QXQ RIIHQEDU LQ UHJHOORVHU )OXFKW ]XUFN XQG PHLQH .ROOHJHQ ZROOWHQ VLFKHUOLFKYHUVXFKHQPLWGHQOHW]WHQ*HJQHUQLQGLH3ODVPDNXSSHOHLQ]XGULQJHQ 0HLQ7UlJHUHUUHLFKWHGDV7RU'HU(QHUJLHVFKLUPZDUDQGLHVHU6WHOOHJH|IIQHW 'LH )OLHKHQGHQ¶ HLOWHQ GXUFK GDV 7RU $QGHUH ,UUHJXOlUH KDWWHQ VLFK ]X EHLGHQ 6HLWHQ KLQWHU +RFKHQHUJLHVFKLOGHQ YHUVFKDQ]W XQG IHXHUWHQ ZLOG DXI GLH QDFKGUlQJHQGHQ 6SH]LDOLVWHQ ,FKYHUVXFKWH PLFK ]X EHZHJHQ :HQQ LFK QXU GLH JHULQJVWH 0|JOLFKNHLW GD]X KDWWH PXWH LFK PLU HLQH :DIIH EHVFKDIIHQ XQG GDV )HXHU DXI GLH 9HUWHLGLJHU GHU .XSSHOHU|IIQHQ 'RFKPHLQH*OLHGHUZDUHQWDXE6LHUHJWHQVLFKQLFKW,PPHUKLQEHZLHVPLUHLQ XQHUWUlJOLFKHU -XFNUHL] DQ GHU OLQNHQ )XVRKOH GD GLH 1HUYHQEDKQHQ QLFKW XQWHUEURFKHQ ZDUHQ ZLH GDV EHLVSLHOVZHLVH EHL HLQHU 5FNHQPDUNVTXHWVFKXQJ YRUNDPDXIGLHLFK¶]XHUVWJHVFKORVVHQKDWWH 0HLQ 7UlJHU EHUJDE PLFK DQ ]ZHL DQGHUH ,UUHJXOlUH PXUPHOWH HWZDV GDYRQ GDHUZLHGHUQDFKGUDXHQZROOWHXQGHQWVFKZDQGPHLQHP*HVLFKWVNUHLV ,FK ZXUGH ]X HLQHP 3QHXPROLIW JHWUDJHQ XQG IXKU ]XVDPPHQ PLW DQGHUHQ 6LJDQHVHQ QDFK REHQ 'DQDFK ODQGHWH LFK²LQ HLQHP IDVW OHHUHQ 5DXP LQ GHP DXI /XIWPDWUDW]HQDQGHUH9HUZXQGHWHODJHQ=ZHL0lQQHUNPPHUWHQVLFKXPXQV (V GDXHUWH DOOHUGLQJV PHKU DOV ]HKQ 0LQXWHQ EHYRU VLFK MHPDQG XP PLFK EHPKWH(UQDQQWH¶VHLQHQ1DPHQQLFKWZLUNWHHWZDVlQJVWOLFKXQGZDUXQJHIlKU =HQWLPHWHUJUR $EHUHUYHUVWDQGHWZDVYRQ0HGL]LQ ,FKZXUGHHQWNOHLGHWPLWYHUVFKLHGHQHQ6SUD\VHLQJHUHEHOWXQGHUKLHOWPHKUHUH ,QMHNWLRQHQ 'DQDFK ZXUGH LFK DXI HLQH /XIWPDWUDW]H JHOHJW GLH VRHEHQ IUHL JHZRUGHQ ZDU 'DODJLFKQXQHLQ8626SH]LDOLVWGHQVHLQH*HJQHUIUHLQHQLKUHU.DPHUDGHQ KLHOWHQLQGHU]HQWUDOHQ%DVLVVLJDQHVLVFKHU6DERWHXUHPLWWHQLQ1DWKDQ 0LW GLHVHP *HGDQNHQ VFKOLHI LFK HLQ 2IIHQEDU KDWWH HLQH ,QMHNWLRQ HLQ VWDUNHV 6HGDWLYXPHQWKDOWHQ
.DPSILP0RQGJHKLUQ
M
$WODQ
$OV LFK HUZDFKWH KHUUVFKWH *HGUlQJH LP .UDQNHQ]LPPHU 9HUOHW]WH VW|KQWHQ 7UlJHUHLOWHQKLQXQGKHUXQGGLH0HGL]LQHUDUEHLWHWHQILHEHUKDIW 1DFKHLQHU:HLOHOHJWHPDQHLQHQ6LJDQHVHQQHEHQPLFKGHUVLFKEHLGH%HLQH JHEURFKHQKDWWH (UEOLQ]HOWHPLU]XXQGVDJWH ³-HW]W EUDXFKH LFK QLFKW PHKU ]X JHKHQ VRQGHUQ ZHUGH JHWUDJHQ $XHUGHP KDEHLFKIUHLQH:HLOH5XKH´ ³:LHLVWGDVGHQQSDVVLHUW"´IUDJWHLFKXQGGHXWHWHDXIVHLQH%HLQH (UJULQVWH ³,FK ELQ VR VFKQHOO YRU GHQ 862V IRUWJHODXIHQ GD LFK HLQH ,QVWDOODWLRQVJUXEH EHUVHKHQKDEH´ ³6LQGGHQQQRFKZHOFKHYRQXQVGUDXHQ"´ ³-HW]WQLFKWPHKU$EHUGLHDQGHUHQN|QQHQDXFKQLFKWKHUHLQ1XUVFKDGHGD PDQGDVPXWLHUWH3ODVPDHQWIHUQWKDW´ ³8QGVHLQH6\PELRWHQ´HUJlQ]WHLFK (U]XFNWHGLH6FKXOWHU ³'LH ZDUHQ ]X GLHVHP =HLWSXQNW OlQJVW WRW $QVFKHLQHQG YHUWUXJHQ VLH GHQ SVLRQLVFKHQ $XVEUXFK QLFKW 6FKDGH VLH KDWWHQ GHQ 8626SH]LDOLVWHQ LQ GHQ 5FNHQ IDOOHQVROOHQ¶µ ,FK YHUVSUWH 7UDXHU EHL GHQQ *HGDQNHQ GD GLH XQVFKXOGLJHQ ,QVHNWHQ 2SIHU HLQHU $XVHLQDQGHUVHW]XQJ JHZRUGHQ ZDUHQ GHUHQ 0RWLYH ZLU ELV MHW]W QLFKW ]X HUJUQGHQYHUPRFKWHQ 0HLQ1DFKEDUJlKQWH2IIHQEDUKDWWHHUHEHQIDOOVHLQVWDUNHV%HUXKLJXQJVPLWWHO HUKDOWHQ6HNXQGHQVSlWHUVFKOLHIHUIHVW 8QWHUGHVVHQZDUHQDOOH1HXHLQJlQJHYHUVRUJWVRZHLWGDVP|JOLFKJHZHVHQZDU 1XU QRFK HLQ 0HGL]LQHU KLHOW VLFK LP =LPPHU DXI (U WUDQN .DIIHH DXV HLQHP 3ODVWLNKHFKHU XQG ZDUI DE XQG ]X HLQHQ %OLFN DXI GHQ 6FKZHUYHUOHW]WHQ QHEHQ LKP GHVVHQ=XVWDQGNULWLVFK]XVHLQVFKLHQ ,FKULFKWHWHPLFKEHKXWVDPDXI 'HU0HGL]LQHUZDUIPLUHLQHQIUDJHQGHQ%OLFN]X ³7RLOHWWH´IOVWHUWHLFK (UQLFNWH ³*HQDXJHJHQEHU´ ³'DQNH ,FK ZXQGHUWH PLFK GDUEHU GD LFK ZHGHU 6FKPHU]HQ VSUWH QRFK 6FKZLHULJNHLWHQ EHLP *HKHQ KDWWH 1HEHQ GHU 7U KLQJ HLQH 5HLKH YRQ URVDIDUEHQHQ .LWWHOQ EHU HLQHU 5HLKH 6DQGDOHQ ,FK ]RJ PLU HLQHQ .LWWHO EHU XQG VWLHJ LQ HLQ 6DQGDOHQSDDUGDQQYHUOLHLFKGHQ5DXP 'UDXHQLP)OXUVDKLFKPLFKDXIPHUNVDPXP )UHLQH,PSURYLVDWLRQVDKHVKLHUUHFKWVWDELODXV'LH)OXUZlQGHEHVWDQGHQDXV /HLFKWPHWDOO)HUWLJEDXHOHPHQWHQ XQG ZDUHQ PLW 6FKDXPVWRIIPDWWHQ DXVJHOHJW $Q EHLGHQ(QGHQEHIDQGVLFKHLQ3QHXPFOLIW ,FK YHUJOLFK GLH /lQJH GHV )OXUHV LP .RSI PLW GHQ $XHQPDHQ GHU 3ODVPDNXSSHOXQGNDP]XGHP6FKOXGDGDV+DXSWTXDUWLHUGHU,UUHJXOlUHQPLWWHQLQ GDVOHVHQGH%LRSODVPDHLQJHEHWWHWZDU
.DPSILP0RQGJHKLUQ
M
$WODQ
,FKJLQJ]XU7RLOHWWHGDQQNHKUWHLFKLQGHQ)OXU]XUFN$OOHUGLQJVPLHGLFKGLH 7U]XP.UDQNHQ]LPPHU6WDWWGHVVHQ|IIQHWHLFKGLH7UGDQHEHQ 'DKLQWHU ODJ HLQH NOHLQH PLW 0HGLNDLQHQWHQ XQG %HKDQGOXQJVJHUlWHQ YROOJHVWRSIWH.DPPHU 8QLQWHUHVVDQWIUPLFK 'HUQlFKVWH5DXPHUZLHVVLFKDOVZHLWDXVLQWHUHVVDQWHU,FKIDQGLQ]DKOUHLFKHQ µ:$QGUpJDOHQ VDXEHU JHRUGQHWHV XQG EHVFKULIWHWHV 0DWHULDO PLW GHP PDQ GLH ZLFKWLJVWHQ 6FKDOWNUHLVH 1DWKDQV VFKQHOO XQG SUl]LVH PDQLSXOLHUHQ NRQQWH $OV 0LNUR ,QVWDOODWHXUYHUPRFKWHLFKGDVNODU]XEHXUWHLOHQ $OV LFK GHQ 5DXP YHUOLH HUZDUWHWH GHU 0HGL]LQHU PLFK LP )OXU 9RUZXUIVYROO VDJWHHU ³:LH N|QQHQ 6LH KHUXPJHKHQ ZHQQ LFK GLH %HWWUXKH QRFK QLFKW DXIJHKREHQ KDEH"´ ,FK]XFNWHGLH6FKXOWHUQ ³,FKZROOWHQDFKVHKHQREPHLQ0DWHULDOYRUUDWDXVUHLFKHQGLVW´ (UODFKWHWURFNHQ ³6LH VLQG YLHOOHLFKW HLQ 2SWLPLVW 9RQ XQV NRPPW GRFK QLHPDQG PHKU LQ GLH (LQJHZHLGH1DWKDQV8QGQXQOHJHQ6LHVLFKZLHGHUKLQ´ ,FKKREDEZHKUHQGGLH+lQGH ³%LWWH ODVVHQ 6LH PLFK DXIEOHLEHQ 'RF ,FK ELQ ZLHGHU Y|OOLJ JHVXQG XQG GDQQ KDWGHU%HLQEUXFKZHQLJVWHQVGLH0DWUDW]HIUVLFKDOOHLQ´ (U]|JHUWHHLQSDDU6HNXQGHQGDQQQLFNWHHUXQGVDJWH ³*XW.RPPHQ6LHPLW´ (U IKUWH PLFK LQ HLQ NOHLQHV %UR QDKP HLQH EODXH 3ODVWLNPDUNH DXV HLQHP )DFKXQGJDEVLHPLU ³'DPLW JHKHQ 6LH ]X 6KULPQ XQG ODVVHQ VLFK HLQNOHLGHQ 6ROOWHQ 6LH ZLHGHU %HVFKZHUGHQ KDEHQ NRPPHQ 6LH ]X PLU $EHU LFK GHQNH GD ZLU EDOG YRQ KLHU YHUVFKZLQGHQ´ ,FKYHUNQLIIPLUGLH)UDJHZLHHUVLFKGDVYRUVWHOOWHHEHQVRZLHGLH)UDJHZ HU 6KULPQ ZDU XQG ZR LFK LKQ IDQG 0HLQHU 0HLQXQJ QDFK KDWWH LFK PHLQ *XWKDEHQ DQ *OFNVFKRQEHU]RJHQ /HLGHU EOLHE GHU 0HGL]LQHU QLFKW LQ VHLQHP %UR VRQGHUQ IROJWH PLU DXI GHQ *DQJ ,FK VSUWH ZLH PLU GHU 6FKZHL DXVEUDFK GHQQ QXQ PXWH LFK ]ZHLIHOORV $UJZRKQHUUHJHQ 'DNDPDXFKVFKRQGLH5HDNWLRQ ³:DUXP JHKHQ 6LH GHQQ QDFK OLQNV"´ IUDJWH GHU 0HGL]LQHU ³+DEHQ 6LH YHUJHVVHQ GD 6KULPS LP UHFKWHQ )OJHO UHVLGLHUW"´ (U GHXWHWH QDFK XQWHQ ³'LUHNW XQWHUXQV´ ,FK WDW YHUEOIIW GUHKWH PLFK HLQPDO XP PLFK VHOEVW XQG NUDW]WH PLFK DP +LQWHUNRSI ³$QVFKHLQHQGKDWWHVLFKGHU/DJHSODQLQPHLQHP*HKLUQXPKXQGHUWDFKW]LJ*UDG YHUGUHKW'RF9LHOHQ'DQN´ 'HU0HGL]LQHUZLQNWHDE ³:RIU$OOHV*XWH ,FK KDWWH ZLHGHU HLQPDO XQYHUVFKlPWHV *OFN JHKDEW 0HLQH .QLH ZDUHQ HWZDV ZHLFKDOVLFKGHQ)OXUHQWODQJ]XPUHFKWHQ3QHXPROLIWJLQJ
.DPSILP0RQGJHKLUQ
M
$WODQ
.XU]GDUDXIVWDQGLFKYRUHLQHU7UPLWGHU$XIVFKULIW6+5,032IIHQEDUKDQGHOWH HVVLFKDOVRQLFKWXPHLQHQ3HUVRQHQQDPHQVRQGHUQXPHLQH$ENU]QJ ,FK|IIQHWHGLH7UXQGWUDWHLQ 9RU PLU ODJ HLQH ODQJH VFKPDOH 7KHNH XQG GDKLQWHU HLQH HOIHQEHLQIDUEHQH 3ODVWLNZDQG PLW ]DKOORVHQ YHUGHFNWHQ gIIQXQJHQ 0LWWHQ LQ GHU 7KHNH VWDQG HLQ 0HWDOOQXOWPLWHLQHP6FKOLW]LQGHU2EHUIOlFKH 8QZLOONUOLFKPXWHLFKODFKHQ 6+5,03ZDUDOVRHLQHURERWLVLHUWH.OHLGHUNDPPHU ,FK VWHFNWH PHLQH EODXH 3ODVWLNPDUNH LQ GHQ 6FKOLW] ,P QlFKVWHQ $XJHQEOLFN VFKREHQ VLFK PHKUHUH )HUQVHKDXJHQ DXV GHP 3XOW 6LH JOKWHQ WLHIURW DXI GDQQ YHUVFKZDQGHQVLHZLHGHU 6HNXQGHQ VSlWHU VSLHQ YHUVFKLHGHQH :DQG|IIQXQJHQ HLQH YROOVWlQGLJH %HNOHLGXQJ DXV 8QWHU]HXJ ,QQHQNRPELQDWLRQ 5DXPDQ]XJ PLW $JJUHJDWWRUQLVWHU XQG 6FKXW]VFKLUPJHQHUDWRU +DQGVFKXKH :DIIHQJUWHO PLW MH HLQHU ,PSXOV XQG HLQHU 6FKRFNZDIIH$UPEDQGWHOHNRP&KURQRJUDSKXQG5DXPVWLHIHO %HL GHQ ,UUHJXOlUHQ IXQNWLRQLHUWH GLH 2UJDQLVDWLRQ HEHQVR HLQZDQGIUHL ZLH EHL XQVHUHU8627UXSSH 'DV EUDFKWH PHLQH *HGDQNHQ ZLHGHU ]X PHLQHU DXJHQEOLFNOLFKHQ 6LWXDWLRQ ]XUFN ,FK EHIDQG PLFK PLWWHQ XQWHU GHQ ,UUHJXOlUHQ XQG ZDU ELVKHU QLFKW DXIJHIDOOHQ 'RFK LUJHQGZDQQ ZUGH LFK MHPDQG EHJHJQHQ GHU DOOH *HVLFKWHU LP 6WW]SXQNW NDQQWH²XQGHUZUGHZLVVHQGDLFKQLFKWGD]XJHK|UWH %LV GDKLQ KDWWH LFK GLH 3IOLFKW GHQ 6DERWHXUHQ VR YLHO 6FKDGHQ ZLH P|JOLFK ]X]XIJHQ 5DVFKNOHLGHWHLFKPLFKDQ'DEHLEHUOHJWHLFKRELFKYHUVXFKHQVROOWHDQGLH 6FKDOWXQJHQIUGHQ+RFKHQHUJLHVFKLUP]XJHODQJHQXQGGHQ6FKLUPDE]XVFKDOWHQ ,FKEHVFKORHVZHQLJVWHQV]XYHUVXFKHQ $OV LFK 6+5,03 YHUOLH EHJHJQHWH PLU HLQH *UXSSH %HZDIIQHWHU GLH PLW ILQVWHUHQ*HVLFKWHUQGXUFKGHQ*DQJVWLHIHOWHQ(LQHUEOLHEEHLPLUVWHKHQ ³+DOORNHQQHQZLUXQVQLFKW"´IUDJWHHU ,FKWDWDOVPWHLFKQDFKGHQNHQ ³.DQQ VHLQ´ PHLQWH LFK REZRKO LFK PLFK QLFKW DQ LKQ HULQQHUWH +RIIHQWOLFK VFKHLWHUWHLFKQLFKWVFKRQµMHW]W 'RFKHU]XFNWHQXUGLH6FKXOWHUQXQGJLQJZHLWHU ,FK EHVWLHJ GHQ QlFKVWHQ 3QHXPROLIW XQG IXKU ELV ]XU (QGVWDWLRQ LQ GLH YLHUWH 6XE(WDJH 'LH /DJH GHV .UDIWZHUNVVHNWRUV IU GHQ 6FKXW]VFKLUP GHU 3ODVPDNXSSHO ZDU PLU EHNDQQW GHQQ GLHVH (LQULFKWXQJ ZDU QLFKW YRQ GHQ ,UUHJXOlUHQ LQVWDOOLHUW ZRUGHQ 9RU GHP 3DQ]HUVFKRWW ]XP 6WHXHUUDXP VWDQGHQ ]ZHL 3RVWHQ ,FK YHUVXFKWH HLQIDFK]ZLVFKHQLKQHQKLQGXUFK]XJHKHQDEHUVLHOHJWHQPLUGLH+DQGIOlFKHQDXIGLH %UXVWXQGVFKREHQPLFK]XUFN ³7XW PLU OHLG¶µ PHLQWH GHU HLQH ³DEHU ZLU GUIHQ QLHPDQG KHUHLQODVVHQ (V VHL GHQQ6LHKlWWHQHLQHQ(UODXEQLVVFKHLQ´ ,FKJULQVWH ³+DEHLFK 'LH 3RVWHQ VDKHQ PLFK HUVWDXQW XQG Y|OOLJ DUJORV DQ ,FK WDW DOV ZROOWH LFK LQ
.DPSILP0RQGJHKLUQ
M
$WODQ
PHLQH %UXVWWDVFKH JUHLIHQ SDFNWH GLH EHLGHQ 0lQQHU EOLW]VFKQHOO DQ GHQ 6FKXOWHUNUHX]JXUWHQ XQG ]RJ VLH VR KHIWLJ QDFK LQQHQ GD LKUH .|SIH NUDFKHQG ]XVDPPHQVWLHHQ ³,FKELWWHYLHOPDOVXP(QWVFKXOGLJXQJ´VDJWHLFKPLWDXIULFKWLJHQ%HGDXHUQ 9RUVLFKWLJOLHLFKGLH%HZXWORVHQ]X%RGHQJOHLWHQGDQQODXVFKWHLFKREVLFK MHPDQG LQ GHQ )OXUHQ GLHVHU 6XE(WDJH EHZHJWH $OV DOOHV UXKLJ EOLHE |IIQHWH LFK GLH 7UXQGWUDWHLQ 'LHEHLGHQ0lQQHULP6WHXHUUDXPVDKHQEHUUDVFKWYRQLKUHQ6FKDOWSXOWHQDXI ,FKOlFKHOWHXQGVDJWH ³(LQHQ VFK|QHQ *UX YRQ /RUGDGPLUDO $WODQ XQG HU ZUGH HV VHKU EHJUHQ 6LHUHFKWEDOGDOVVHLQH*lVWHEHWUDFKWHQ]XN|QQHQ :lKUHQG LFK VSUDFK KDWWH LFK GLH 6FKRFNZDIIH JH]RJHQ²XQG DOV GLH EHLGHQ ,UUHJXOlUHQQDFKLKUHQ:DIIHQJULIIHQIHXHUWHLFK 'DQDFKYHUVFKORLFKGDV3DQ]HUVFKRWWYRQLQQHQXQGPXVWHUWHGLH6FKDOWSXOWH (V ZDU QLFKW VFKZLHULJ VLH ]X EHGLHQHQ GHQQ GLH PHLVWHQ 6FKDOWYRUJlQJH OLHIHQ DXWRPDWLVFKDEVREDOGVLHHUVWHLQPDODNWLYLHUWZRUGHQZDUHQ1RUPDOHUZHLVHJHVFKDK GDV GXUFK 0LQLURERWHU ZHQQ GLH 6WHXHUXQJ HLQPDO QLFKW YRQ DXHUKDOE 1DWKDQV HUIROJHQNRQQWH 0HLQH)LQJHUVFKZHEWHQEHUHLWV EHU GHQ 6HQVRUWDVWHQDEHUQRFK]|JHUWHLFK ,FK ZXWH GD LFK GXUFK GLH 'HVDNWLYLH UXQJ GHV 6FKXW]VFKULPHV LQGLUHNW GHQ (QGNDPSI XP GLH 3ODVPDNXSSHO HU|IIQHQ ZUGH (LQHQ 0RPHQW ODQJ HUZRJ LFK GHQ *HGDQNHQ GLH ,UUHJXOlUHQ EHU )XQN DXI]XIRUGHUQ VLFK NDPSIORV ]X HUJHEHQ GD LFK DQGHUQIDOOVQDFKHWZDIQI0LQXWHQGHQ(QHUJLHVFKLUPDEVFKDOWHQZUGH $EHU ZHQQ VLH HLQH JHKHLPH )OXFKWP|JOLFKNHLW EHVDHQ HUP|JOLFKWH LFK LKQHQ VLFK HLQHU 9HUKDIWXQJ ]X HQW]LHKHQ²XQG GDV GXUIWH LFK XQWHU DQGHUHP GHVKDOE QLFKW ZHLO ZLU *HIDQJHQH EUDXFKWHQ XP HWZDV hEHU GLH +LQWHUJUQGH GHU 6DERWDJH ]X HUIDKUHQ 0HLQH)LQJHUVHQNWHQVLFKDXIGLH6HQVRUHQ 'LH5HDNWLRQOLHQLFKWODQJHDXIVLFKZDUWHQ0HLQH.ROOHJHQGUDXHQVFKOXJHQ ]X 'LH .XSSHO HUEHEWH DOV HLQ ,PSXOVVFKX GDV QXQPHKU XQJHVFKW]WH 7RU ]HUVFKPHWWHUWHGDQQKHXOWHQGLH$ODUPSIHLIHQ ,FK EHUOHJWH NXU] GDQQ WUDQVSRUWLHUWH LFK GLH EHLGHQ *HOlKPWHQ DXV GHP 6WHXHUUDXPYHUVFKORGDV3DQ]HUVFKRWWNRGLHUWHGDV,PSXOVVFKORXPXQGJLQJ]XP 3QHXPROLIW 0HLQH .ROOHJHQ EUDXFKWHQ MHGHQ HLQ]HOQHQ 0DQQ ZHQQ VLH GHQ :LGHUVWDQGVZLOOHQ GHU ,UUHJXOlUHQ VFKQHOO JHQXJ EUHFKHQ ZROOWHQ XP XQQ|WLJH 2SIHU ]XYHUPHLGHQ
.XU]YRUGHP/LIWEOLHELFKVWHKHQXQGGUHKWHPLFKODQJVDPXP,FKUHJLVWULHUWH HUVWMHW]WGDGLHEHLGHQ:DFKWSRVWHQYHUVFKZXQGHQZDUHQ :DUXPKDWWHQVLHQLFKW$ODUPJHVFKODJHQ" 'DVPDFKWHPLFKPLWUDXLVFK (VHUVFKLHQPLUXQYRUVWHOOEDUGDGLH3RVWHQHLQIDFKIRUWJHJDQJHQVHLQVROOWHQ QDFKGHPVLHDXVLKUHU%HZXWORVLJNHLWHUZDFKWZDUHQ
.DPSILP0RQGJHKLUQ
M
$WODQ
$QJVWYRU%HVWUDIXQJ" 6LFKHUPXWHQVLHHLQH%HVWUDIXQJEHIUFKWHQZHLOVLHYHUVDJWKDWWHQ$EHUYLHO VFKOLPPHU ZUGH HV IU VLH DXVJHKHQ ZHQQ VLH GHVKDOE VFKZLHJHQ 6LH KDWWHQ VLFK JHZL JHGDFKW GD LFK GHQ 6FKXW]VFKLUP DEVFKDOWHQ XQG GDPLW GLH 8626SH]LDOLVWHQ ]XP(LQWULWWDXIIRUGHUQZROOWH )ROJOLFK KDWWHQ VLH LKUH .ROOHJHQ JHZDUQW²XQG GHU 5FN]XJ KDWWH OlQJVW EHJRQQHQ ,FK VSUDQJ LQ GHQ 3QHXPROLIW XQG IXKU QDFK REHQ ,Q]ZLVFKHQ KDWWH LFK HLQHQ JDQ] EHVWLPPWHQ 9HUGDFKW EHU GLH )OXFKWP|JOLFKNHLW GLH GLH ,UUHJXOlUHQ VLFK RIIHQKLHOWHQ 'DVKHIWLJH*HIHFKWLQGHU1XOO(WDJHHUZHFNWHDOOHUGLQJVZLHGHU=ZHLIHODQGHU 5LFKWLJNHLW PHLQHU 9RUVWHOOXQJ $EHU DOV LFK LQ GHU REHUVWHQ (WDJH DXV GHP /LIW VWLHJ ZXWHLFKGDPHLQ9HUGDFKWULFKWLJJHZHVHQZDU6RHEHQYHUVFKZDQGHQGLHOHW]WHQ ,UUHJXOlUHQGXUFKHLQHQPLQGHVWHQVIQI]LJ=HQWLPHWHUKRKHQ7RUERJHQWUDQVPLWWHU 1DFKGHQNOLFKEHWUDFKWHWHLFKGDV(QWVWRIIOLFKXQJVIHOG :RPRFKWHGHU*HJHQWUDQVPLWWHUVWHKHQ":RUHPDWHULDOLVLHUWHQGLH,UUHJXOlUHQ QDFKGHPVLHDXV1DWKDQHQWNRPPHQZDUHQ" ,FKVWXW]WH 6LH NRQQWHQ EHUKDXSW QLFKW DXV GHU OXQDUHQ ,QSRWURQLN HQWNRPPHQ GD GDV *HKLUQXQWHUHLQHP+RFKHQHUJLHVFKLUPODJGHUNHLQH7UDQVPLWWHULPSXOVHGXUFKOLH 'DV 3UREOHP EHVFKlIWLJWH PLFK VR VWDUN GD LFK DQ HLQH DQGHUH YLHO QlKHU OLHJHQGH0|JOLFKNHLWEHLQDKH]XVSlWJHGDFKWKlWWH 'LH 1DFKKXW LQ GHU 1XOO(WDJH ZDU ]ZHLIHOORV HLQ YHUORUHQHU +DXIHQ GD GLHVH /HXWH VLFK QLFKW ZHLW JHQXJ YRQ GHQ QDFKGUlQJHQGHQ 6SH]LDOLVWHQ O|VHQ NRQQWHQ XP GXUFKGHQ7UDQVPLWWHU]XJHKHQ )ROJOLFK PXWHQ GLH ,UUHJXOlUHQ GDIU JHVRUJW KDEHQ GD DXFK GLH 862 6SH]LDOLVWHQGHQ7UDQVPLWWHUQLFKWEHQXW]HQNRQQWHQ ,FKOLHI]XGHP*HUlWXQGHQWGHFNWHQDFKNXU]HP6XFKHQGLH%RPEHKLQWHUGHU 5HSDUDWXUNODSSHGHV.UDIWZHUNVVRFNHOV(VKDQGHOWHVLFKXPHLQH0LQL)XVLRQVERPEH GLHPLQGHVWHQVGLH6SUHQJNUDIWYRQKXQGHUW.LORJUDPP717HQWZLFNHOWH ,KUH ([SORVLRQ ZUGH QLFKW QXU GHQ 7UDQVPLWWHU ]HUVW|UHQ VRQGHUQ MHGHQ W|WHQ GHUVLFKDXIGLHVHU(WDJHEHIDQG 6DFKJHPl HQWIHUQWH LFK GLH =QGHLQULFKWXQJ HUVW GDQQ NPPHUWH LFK PLFK ZLHGHUGDUXPZDVLQGHQWLHIHUJHOHJHQHQ(WDJHQJHVFKDK $OV HUVWHV EHPHUNWH LFK GD GHU *HIHFKWVOlUP YHUVWXPPW ZDU GDQQ HQWGHFNWH LFKGDEHLGH3QHXPRNDELQHQIHKOWHQ *OHLFKZUGHQPHLQH.ROOHJHQKLHUDXIWDXFKHQ ,FK YHUVFKUlQNWH GLH +lQGH YRU GHU %UXVW XQG JHQR EHUHLWV LP YRUDXV GLH 2YDWLRQHQ GLH PDQ PLU EHUHLWHQ ZUGH 0LU ZDU HV VFKOLHOLFK ]X YHUGDQNHQ GD GLH =HQWUDOHGHU,UUHJXOlUHQDXVJHKROWHQZRUGHQZDU /HLGHUNDPDOOHVJDQ]DQGHUV $OV GLH /LIWNDELQHQ DQKLHOWHQ EOLFNWH LFK LQ VFKZHLEHUVWU|PWH YHUVFKPXW]WH *HVLFKHUGHUHQ$XJHQQRFKGLHSV\FKLVFKHXQGSK\VLVFKH$QVSDQQXQJGHV.DPSIHV YHUULHWHQ ³'DLVWQRFKHLQHU¶ULHIMHPDQG ,P QlFKVWHQ 0RPHQW HUVFKROO GDV VFKDUIH =LVFKHQ YRQ 6FKRFNZDIIHQ ,FK
.DPSILP0RQGJHKLUQ
M
$WODQ
HQWNDPIUVHUVWHGXUFKHLQHQZHLWHQ/XIWVSUXQJ'DQQVDKLFK/HP\'DQJHU 'HU2EHUVW]LHOWHPLWVHLQHP,PSXOVVWUDKOHQLQPHLQH5LFKWXQJ )U ODQJH (UNOlUXQJHQ EOLHE PLU NHLQH =HLW ,FK VWU]WH PLFK NRSIEHU LQV (QWVWRIIOLFKXQJVIHOGGHV7UDQVPLWWHUV²XQGUHPDWHULDOLVLHUWHLPQlFKVWHQ$XJHQEOLFNLQ GHU*HJHQVWDWLRQ (LQ %OLFN DXI PHLQH 8PJHEXQJ ]HLJWH PLU GD LFK PLFK LQ HLQHP 5DXPVFKLII EHIDQG 'HPQDFK KDWWHQ GLH ,UUHJXOlUHQ 1DWKDQ GRFK YHUODVVHQ 'HU (QHUJLHVFKLUP PXWH DEJHVFKDOWHW ZRUGHQ VHLQ ZDKUVFKHLQOLFK YRQ WHUUDQLVFKHQ 7HFKQLNHUQ GLH YHUVXFKWKDWWHQXQVHUH(LQVDW]JUXSSH]XXQWHUVWW]HQ $XHUPLUEHIDQGVLHKQLHPDQGLP7UDQVPLWWHUUDXP ,FKEHUOHJWHNXU]GDQQEHVFKORLFKGDV6FKLIIQDFK0|JOLFKNHLW]XYHUODVVHQ :HQQ LFK DQ %RUG EOLHE ZUGHQ GLH ,UUHJXOlUHQ PLFK ILQGHQ²XQG GDQQ ZUGH LFK VLH QLFKWQRFKHLQPDOLUUHIKUHQN|QQHQ ,FK YHUOLH GHQ 5DXP LQ GHP 0RPHQW LQ GHP LFK DQ GHQ HQWVSUHFKHQGHQ *HUlXVFKHQHUNDQQWHGDGLH.UDIWVWDWLRQHQGHV6FKLIIHVKRFKJHVFKDOWHWZXUGHQ ,QZHQLJHQ0LQXWHQZUGHHVVWDUWHQ ,FKIDQGZDVLFKJHVXFKWKDWWHHLQHQ7ULQNZDVVHUWDQNPLW6FKQHOOHQWOIWHU'LH 9HQWLONODSSHQ ZDUHQ JUR JHQXJ IU PLFK ,FK VFKOR GHQ 'UXFNKHOP OLH PLFK LQV :DVVHUIDOOHQXQG]HUVFKRHLQHGHU9HQWLONDSSHQ 'DV :DVVHU VWU|PWH QDFK GUDXHQ XQG VWU]WH UXFNDUWLJ DOV 5HLIUHJHQ ]X %RGHQ,FKILHOKLQWHUKHUVDKPLFKXPXQGOLHIYRP6FKLIIZHJ (V KDQGHOWH VLFK XP HLQH VXSHUVFKQHOOH 5DXPMDFKW XQG VLH VWDQG DP *UXQGH GHV6FKORWHVHLQHVHUORVFKHQHQ9XONDQV:HQQVLHVWDUWHWHVRODQJHLFKPLFKHEHQIDOOV LP(UXSWLRQVNDQDOEHIDQGZUGHGHU,PSXOVVFKZDOOLKUHU7ULHEZHUNHPLFK]HUUHLHQ ,FK]ZlQJWHPLFKLQHLQHQVFKUlJQDFKXQWHQIKUHQGHQ6HLWHQNDQDOGHUJHUDGH JUR JHQXJ ZDU XP NULHFKHQG SDVVLHUW ]X ZHUGHQ 1DFK HWZD KXQGHUWIQI]LJ =HQWLPHWHUQIDQGLFKHLQH.DYHUQHHLQHHKHPDOLJH*DVEODVH ,P JOHLFKHQ 0RPHQW VSUWH LFK DQ GHQ (UVFKWWHUXQJHQ LP )HOV GD GLH 7ULHEZHUNHGHV6FKLIIHVDUEHLWHWHQ ,FKGXUFKIORJGLH.DYHUQHPLW+LOIHPHLQHU)OXJDJJUHJDWHODQGHWHXQGUDQQWHLQ HLQHQKRKHQVFKPDOHQ6WROOHQ 'DQQEHEWHGHU)HOV hEHUDOO HQWVWDQGHQ 5LVVH 0RUVFKHV *HVWHLQ EU|FNHOWH DE XQG NUDFKWH DXI PHLQHQ'UXFNKHOP,FKZDUIPLFK]X%RGHQXQGOLHDOOHVPLWVWRLVFKHU5XKHEHUPLFK HUJHKHQ 8QGZLHDOOHVJLQJDXFKGDVYRUEHU ,FK VFKWWHOWH GLH *HVWHLQVEURFNHQ DE VWDQG DXI XQG JLQJ GHQ :HJ ]XUFN DOOHUGLQJVPLWJHULQJHU+RIIQXQJLKQRIIHQYRU]XILQGHQ $EHUHVHUZLHVVLFKDOOHVDOVJDUQLFKWVRVFKOLPP1XU]ZHLPDOPXWHLFKPLUPLW GHP ,PSXOVVWUDKOHU YRUVLFKWLJ HLQH *DVVH EUHQQHQ 'DQQ IORJ LFK GHQ 6FKORW KLQDXI ODQGHWHDXIGHP.UDWHUUDQGXQGVDKPLFKXP ,FK DWPHWH HUOHLFKWHUW DXI GHQQ GLHVH OXQDUH *HELHW ZDU PLU DXV HLQHU IUKHUHQ 7ULYLGHR6HQGXQJEHNDQQW $OV LFK PLW GHP 7HOHNRP GDV .RGHVLJQDO XQVHUHU (LQVDW]JUXSSH DEJHVWUDKOW KDWWHPHOGHWHVLFK/HP\'DQJHUVRSURPSWGDLFKZXWHHUKDWWHGDUDXIJHZDUWHW
.DPSILP0RQGJHKLUQ
M
$WODQ
³0DMRU3DGLOOR´ULHIHUHUOHLFKWHUW ³:LHJHKWHV,KQHQ"´ ,FKOlFKHOWH ³:LH HV HLQHP 0DQQ JHKW GHU YRQ GHQ HLJHQHQ /HXWHQ LQ HLQHQ IHLQGOLFKHQ 7UDQVPLWWHUJHMDJWZLUGXQGLQHLQHP5DXPVFKLIIYRQ,UUHJXOlUHQUHPDWHULDOLVLHUWVLFKLQ HLQHU .DYHUQH YHUNULHFKW EHLQDKH EHLP 6WDUW GHV 6FKLIIHV SXOYHULVLHUW ZLUG XQG GXUFK HLQHQ9XONDQVFKORWZLHGHULQV)UHLHVFKZHEW´ ³,FKELWWHYLHOPDOVXP(QWVFKXOGLJXQJ3DGLOOR´VDJWH'DQJHU³6LHWUXJHQHLQHQ NRPSOHWWHQ5DXPDQ]XJGHU,UUHJXOlUHQVRGDXQVHUH/HXWH6LHIUHLQHQGLHVHU.HUOH KLHOWHQXQGLFKKDWWHQLFKWDXI6LHVRQGHUQDXIGHQ7UDQVPLWWHUJH]LHOW´ ³$FKVR9LHOOHLFKWYHU]HLKHLFK,KQHQ6LU³ ³*XW 0DMRU DEHU GDQDFK PVVHQ 6LH PLU YHUVFKLHGHQHV HUNOlUHQ :R VWHFNHQ 6LH EHUKDXSW" :LU N|QQHQ 6LH QLFKW DQSHLOHQ ZHLO GLH ,UUHJXOlUHQ EHUDOO 6W|UVHQGHU YHUVWUHXW KDEHQ 'DGXUFK ZXUGH DXFK GHU 6WDUW LKUHV 0LQLVFKLIIHV ]X VSlW EHPHUNW VR GDVLHHQWNDPHQ´ ,FKWDWDOVGlFKWHLFKVFKDUIQDFK ³6RYLHOLFKHUNHQQHQNDQQLP%DXFKQLW]*HELUJH6LU´ ³%DXFKQLW]":DVVROOGHU8QIXJ0DMRU3DGLOOR":UGHQ6LHELWWHHUNOlUHQ´ ³-HW]W IlOOW HV PLU ZLHGHU HLQ´ VDJWH LFK VWUDKOHQG ³(V KHLW QLFKW µ%DXFK¶ VRQGHUQ µ/HLE¶ DOVR /HLEQLW]*HELUJH $OOHUGLQJV VHKH LFK GD NHLQHQ JURHQ 8QWHUVFKLHG´ ³,FKDXFKQLFKW´HUZLGHUWH2EHUVW'DQJHUPDWW (1'( /HVHQ6LHLQ7DJHQ$7/$11UPLWGHP7LWHO
'LH1DFKWGHU9XONDQH
YRQ+DQV.QHLIHO 6LHVXFKHQGHQ0DJLHUYRQ6LJD²GHQ+HUUQGHV/DE\ULQWKV