Leer más

MB.B×BOB
%&&/53"%"
%0.*/(0%&.":0%&
%*6.&/(&
JNBHFO
-"%&-%¶"
.0)".&%.&44"3"&'&
=
."*(
.BJHBSSJCBUVO
KBSEÓBDBEBQSBU
&'&.²3*%&4
=
'FMJQF(PO[ÈMF[
TFOFHØBTFS
ANBSYJTUB
GJOJUJWBZHFOFSBMFO&T
QB×BEFMBTJOGPSNBDJP
OFTTPCSFMBMJNQJF[BEF
TBOHSF
1SJNFSBFOUSF
HBEFMPTQSFNJPTEFS
MB"DBEFNJBEF"SUFTZ
$JFODJBT$JOFNBUPHSÈGJ
DBTEF)PMMZXPPEDPO
TJTUFOUFTFOVOBFTUBUVJ
MMBCB×BEBFOPSPEFT
QVÏTMMBNBEB0TDBS
'FMJQF(PO[È
MF[SFOVODJBBQSFTFOUBS
TFBMBSFFMFDDJØODPNP
TFDSFUBSJPHFOFSBMEFM
140&USBTNBOUFOFSFM
QBSUJEPFMUÏSNJOPiNBS
YJTUBwFOMBEFGJOJDJØO
JEFPMØHJDBEVSBOUFFM99
7***$POHSFTP
-B05"/BQSVF
CBMBQSPEVDDJØOEFBS
NBTRVÓNJDBT
&.#0*3"54
13&4*%&/5&%&*$(
$"*5-*/3:"/
53"#"+"%03"
40$*"-$-¶/*$"
&M1SPZFD
UPEF"DFQ
UBDJØO'BNJ
MJBSUJFOFDP
NPPCKFUJWP
RVFMBTGBNJ
MJBTBDFQUFO
EFCVFOHSBEPRVFBMHVOP
EFTVTEFTDFOEJFOUFTTPO
HBZTPMFTCJBOBTZFWJUBSBTÓ
FMTVJDJEJPEFFTPTKØWFOFT
&M[BS1FESP*QP
OFMBQSJNFSBQJFESBEF
MBDJVEBEEF4BO1FUFST
CVSHPBPSJMMBTEFMSÓP/F
WB
4VQSFTJØOEF
"/%3&61*
&TUBFNQSF
TBJOGPSNÈUJ
DBDVNQMF
B×PTBGSPO
UBOEPOVFWPT
SFUPTDPNP
TPOTVFYQBO
TJØOFOFMNFSDBEPBTJÈUJDP
MBDSFBDJØOEFOVFWPTQSP
EVDUPTZMBQSØYJNBJOBVHV
SBDJØOEFTVOVFWBTFEF
4BOU)POPSBUCJTCF
"OESFV#ØCBMBNËS
UJS"VEFTJ1FMFHSÓ
CJTCFTTBOUB.ËYJNB
5SPQBTIJTQBOP
BOHMPMVTJUBOBTNBOEB
EBTQPS8FMMJOHUPOEF
SSPUBOBMPTGSBODFTFTFO
MBCBUBMMBEF-B"MCVFSB
#BEBKP[
-"1*$05"
ˆ6OUFSSFNPUPBGFDUBBVOBSFHJØOQPCSFEF"SHFMJB
"3(&-V6OIPNCSFTFMBNFOUBBOUFMPTSFTUPTEFTVDBTB
EFTUSVJEBUSBTVOUFSSFNPUPFOMBMPDBMJEBEBSHFMJOBEF#F
OJ:FMMNBOVOPTLJMØNFUSPTBMFTUFEF"SHFM&MTFÓT
NPUVWPMVHBSFMWJFSOFTBMNFEJPEÓBZUVWPVOBJOUFOTJ
EBEEFHSBEPTFOMBFTDBMB3JDIUFS"MNFOPTEPTQFS
TPOBTIBONVFSUPZPUSBTIBOSFTVMUBEPIFSJEBTTFHÞO
MBTBVUPSJEBEFTBSHFMJOBT-PTEB×PTNBUFSJBMFTBÞOFTUÈO
QPSEFUFSNJOBSBVORVFTPODJFOUPTEFGBNJMJBTMBTRVFTF
IBORVFEBEPTJOIPHBSFOFTUB[POBEF"SHFMJBVOBEF
MBTNÈTQPCSFTEFMQBÓT
-"'*/&453"%&-43&$03%4
+PBO#FMMNVOUJ'JHVFSBT
1FSBNPMBJTBOU)POPSBU
BOU)POPSBUÏTFMQBUSØEFMBWJMBJEFMBCBSP
4
OJBEF1FSBNPMBTFHPOTFTQPUMMFHJSFOMFO
DBQÎBMBNFOUEFMTTFVTHPJHT-BOUJHBFSNJUBEF
4BOU)POPSBUVCJDBEBBMDJNEFMBTFSSBBMBRVBM
IBEPOBUFMOPNBNFUSFTEBMUJUVEWBUF
OJSVOGPSUBSSFMBNFOUEFWPDJPOBM"MBMMJOEBEFMB
QPSUBEFMFSNJUBIJIBMBEBUBEF2VBOFM
TPTUSFJMFTQBSFUTEFMIBCJUBDMFWBODPNFOÎBSB
BNFOBÎBSSVÕOBTFNCMBRVFGPVBGJOBMTEFMTF
HMF9*9MBJNBUHFEFTBOU)POPSBUGPVCBJYBEB
BMBQPCMBDJØBMBQBSSÛRVJBEF4BOU.JRVFMQF
SÛEVSBOUMBHVFSSBGPVDSFNBEB-FSNJUBUBNCÏ
TPGSÓVOEFUFSJPSBNFOURVFGFJBQSFWFVSFRVFBMMÛ
QBTTBSJBBTFSVONFSSFDPSEEFMQBTTBU3FDPSEP
MBWJTJUBGFUBFMNBJHEFFORVÒFSBFOGPO
TBEB1FSÛDPNRVFMBWPMVOUBUNPVNVOUBOZFT
BWVJFOTBTTBCFOUFORVFBDUVBMNFOUMIBOSFDV
QFSBEBJMIBOSFTUBVSBEBJRVFEØOBNPMUHPJH
EFQVKBSIJVOGFURVFFOTDPOHSBUVMB
&MTGPSOFSTKBEBOUJDFMUFOJFODPNBQBUSØFO
USFFMTRVBMTDBMDPNQUBSIJFMTEF1FSBNPMB&O
BRVFTUEJBFSBUSBEJDJØRVFPCTFRVJFTTJOBNC
DPDBUPUTFMTWFÕOT%FTQSÏTEFMBHVFSSBWFOJB
NPMUBHFOUEFMBDPNBSDBBWFVSFFMQBUSØEFMT
GPSOFSTQFSÛOPIJIBWJBMBJNBUHFKBRVFGPV
DSFNBEB%FWJBTFSQFSMBOZRVFFMTGJMMT
EF1FSBNPMBGPSOFSTEPGJDJWBOGFSVOCPOQSF
TFOUBMBQPCMBDJØJOPPGFSJSFOMBDPDBDPNFSB
USBEJDJØTJOØVOBOPWBJNBUHFEFMTBOURVFFMMT
WBODPTUFKBS
OP
ˆ-PTHBNCFSSPT
FTUSPQFBOFM
OVFWPQVFOUF
'050
--&*%"V-PTHSBGJUFSPTTPO
VOBDPTBZMPTHBNCF
SSPTTPOPUSBDPTB&MOVF
WPQVFOUFTPCSFFMSÓP4FHSF
IBEVSBEPMJNQJPNVZQP
DPUJFNQP6OPPWBSJPTWÈO
EBMPTZBTFIBOEFEJDBEPB
QJOUBSHBSBCBUPTFOMBTDP
MVNOBTDFOUSBMFTEFFTUF
WJBEVDUP&TUBSÈODPOUFOUPT
DPOTVIB[B×BSFBMJ[BEBTV
QVFTUBNFOUFDPOOPDUVSOJ
EBEZBMFWPTÓB-PTVSCBOPT
MFTEFCFSÓBOIBCFSEFUFOJEP
QBSBGFMJDJUBSMFTQPSTVCFT
UJBMoEFBOJNBMoBSUF
&/7¶&/0446'050
$"35&4!-"."/:"/"$"5
<
3"'"&-7*%""-$"-%&%&"4$»
)BZDJVEBEB
OPTEF-MFJEB
RVFVTBOMB
$QBSBJS
BMBQMBZB&M
QSØYJNPEP
NJOHPIBCSÈ
DPSUFTEFUSÈGJDPQPSRVF3B
GBFM7JEBMRVJFSFVOBMNBDÏO
OVDMFBSFO"TDØ
<
'3"/$*4$0
$".14
13&4*%&/5&%&
7"-&/$*"
&TUÈEFNB
TJBEPOFSWJP
TPUBMWF[QPS
(àSUFMZMPT
USBKFT
ZIB
DPNFO[BEP
BKVHBSDPOMB
GFDIBEFMBTFMFDDJPOFTBV
UPOØNJDBTIBTUBRVF3BKPZ
MFIBMFÓEPMBDBSUJMMB
"//"$"33*»/