SlideShare ist ein Scribd-Unternehmen logo
1 von 6
Downloaden Sie, um offline zu lesen
!"#$%&'#'(()*+(,-*.$%
                                /%--"#$'(&")"('.(0"#&"(&*'(1'#$'
!
!"##$%&'!()$*+,'!-$!.%(('/,%.*!+,'.$*0!-$!1$,%!*!-$!2%1'.'0!%$!,*+,$&'/$!$/('/,.%,$!
/*2 ! ('.+' ! -$ ! 3/ ! %//' ! * ! +$%&' ! %/-%,$ ! $/ ! ,*..$,'.$ ! -$1*.+$0 ! +*43*/-' ! $ ! ('/,%,,$!
+344*.$,$!-%!%2(3/$!$/,*.2'(3,'.$0! &*-$%,'.$! *!+(*42$*/-'! $! /'+,.$!,*+,$&'/$! /*2!
1%+,' ! &'/-'0 ! %/()* ! 523.%2*0 ! -*226%4.$('2,3.% ! ('/,%-$/% ! 7 ! 5.$1$2*4$%/-' ! 2*!
&$(.'.*%2,8!*!%!1'2,*!$/,*.+*(%/-'!26%4.$('2,3.%!$&5.*/-$,'.$%2*!*!('&&*.($%2*9:
"##$%&' ! ;%,,' ! 3/% ! ,.*/,$/% ! -$ ! $/,*.1$+,* ! % ! ('/,%-$/$0 ! % ! (''5*.%,$1*0 ! % !!"#$%& '
()!(*"!-$!3/6%4.$('2,3.%!()*!,$*/*!7!%!-$;;*.*/<%!-*22*!&$42$%$%!-$!%<$*/-*!%4.$('2*!
()* ! '4/$ ! %//' ! ()$3-'/'90 ! 5.*/-*/-' ! $/ ! ('/+$-*.%<$'/* ! ,*..$,'.$ ! -$1*.+$0!
-%226=++'2%!%2!>3/**+*0!-%226"55*//$/'!.'&%4/'2'!%!?3*22'!*&$2$%/'!%22%!5$%/3.%!
5%-%/%0!-%22%!('+,%!$'/$(%!%226*/,.',*..%!2$43.*!-$!2*1%/,*!@
A% ! ;'(%2$<<%<$'/* ! -*226%&#$,' ! -$ ! $/-%4$/* ! B ! +322% ! %4.$('2,3.% ! -$ ! -$&*/+$'/$!
&*-$'C5$(('2*!75.*1%2*/,*&*/,*!$/!%&#$*/,$!-$!('22$/%!*!&'/,%4/%90!()*!2',,%!
5*.!26%3,'/'&$%!$/!('/,*+,$!(%.%,,*.$<<%,$!-%!.*2%<$'/$!-$!-$5*/-*/<%!-%$!;%,,'.$!
-$!$/53,!*!-%2!&*.(%,'!-$!&%++%0!()*!'5*.%!5*.!2%!(.*%<$'/*!*!+1$2355'!-$!3/%!
#%+*!-$!.$+'.+*!%3,'('/,.'22%,%!*!%3,'4*+,$,%0!$/+*.$,%!$/!.*,$!2'(%2$!'!.*4$'/%2$0!
(%5%(* ! -$ ! ;%.* !(++,-#.(,+" '-$ ! 5.'-',,'D&*.(%,' ! 7/'/ ! +'2' ! #$'2'4$(' ! @90 ! -$!
$&5.*+% ! 72% ! 523.$%,,$1$,8 ! $/+$*&* ! % ! 5.%,$()* ! -$ ! 4*+,$'/* ! &%/%4*.$%2* ! @9 ! * ! -$!
%,,$1%.*!-$1*.+*!&'-%2$,8!-$!!(''5*.%<$'/*:
!
!2' ( ,"#" ( ' ( 3#4"1'5 ( ,"66*$$' ( -2* ( 0%#$*#6"#" ( " ( +'$+"1%#" ( 4# ( .*6%0* ( -"# ( .%(
$*++%(
E%22*!$/,*.1$+,*!.$+32,%!*1$-*/,*!2%!5.*+*/<%!+$%!-$!+$,3%<$'/$!-$!('/,$/3$,8!()*!-$!
-$+('/,$/3$,8!/*22*!1$(*/-*!;%&$2$%.$!*!4*/*.%<$'/%2$!*!+$!('24'/'!%2(3/$!*2*&*/,$!
()* ! -*/',%/' ! $2 ! 5.';$2' ! -*$ ! +'44*,,$F!! /,+%#*(+( ' #0!(/,$%,!(1 ' 2"! ' 3/"$%#1 ' /,$%(1'
2!,4"33(,+(3%( ' !(4$"33(-(1 ' #+/,!#%( ' #$$" ' !#*(/( ' 2"! ' 5+# ' 2#!%" ' 6# ' #+/7" ' +",8
/,+%#*(+(1'/7"' 7#++,'!"$#.(,+(' 5!)#+"'"' 4#++,'2#!%"'*('!"%('%"!!(%,!(#$(1' $#'/5( '
#.("+*#'"3%"+*"'$"'#%%(-(%&'*#0$('#6)(%('2!,*5%%(-('#'4(+#$(%&'3,/(#$('"'/5$%5!#$(9
!
G'/'!('/,%-$/$!.$;2*++$1$0!(%5%($!-$!5.*+*/,%.*!2%!('&52*++$,8!-*22%!/,+%#*(+(%&'*!
-$!.$;2*,,*.*!+322*!5.'5.$*!+(*2,*!!*!+322*!5.'+5*,,$1*!-*226%4.$('2,3.%:!!
E%!%2(3/$!;.%&&*/,$!-$!$/,*.1$+,%F
7$$%1'"(/48*!-*22%!(''5*.%,$1%!H%22$!I/$,*!-*$!>'22$!,'.,'/*+$
:0+5+,'*('+,('7#'5+#'35#'/,+%#*(+(%&'*"+%!,1'2"!/7;'%5%%('*(3/"+*(#6,'*#$$# '
%"!!#1'3,+,'/,3"'/7"'7#('+#3/,3%"1'5+'2,<'/,6"'$<#!%"9'=#'/,+%#*(+(%&'>'#+/7" '
6#+%"+"!"'($'3,$/,1'32,3%#!"'' ($'3#33,1'%5%%,'5+'(+3("6"'*('/,3"?'"'@5"3%,'3('> '
2"!3, ' " ' -# ' #(5%#%, ' #' 4#!$, ' "6"!0"!" ' *(' +5,-,9 ' A ' /<> ' #+/7" ' 5+# ' *(6"+3(,+" '
"3%"%(/#'"'$#'*(6"+3(,+"'*"('$5,07(1'*"$'2#"3#00(,1'*"$$#'/5!#'*"$'6#!0(+"9
/"8*+$"(9-2*..'#"0!('/,%-$/'!-$!E*&'/,*!!*!.*;*.*/,*!-$!.*,$!('/,%-$/*
B"('/,+%#*(+,'3,$,'3"'7#('*"('3"0+('%5,('/7"'%('$"0#+,'#$$#'%"!!#1'2"!'/5('*(-"+%#'
#+/7"')(3,0+,'(+*(-(*5#$"1'/#!#%%"!(#$"'A
C<'5+#'*(6"+3(,+"'"3(3%"+.(#$"1'-(3/"!#$"1'/7"'%('$"0#'#$$#'%"!!#'#'/5('3('#00(5+0"'
($ ' 3#2"!" ' " ' $# ' /,62"%"+.# ' +"$$# ' 0"3%(,+" ' *"( ' 4#%%,!(1 ' +"$$# ' !(/"!/# '
*"$$<#5%,+,6(#1'+"$'/,3%!5(!"'5+<#.("+*#''#+/7"'/,62$"33#'A
!
:*+-2;(1*#6"#"(<%$$*(-*+$*(*,)*+'*#=*>
A6%##%/-'/' ! -*22* ! (%&5%4/* ! ()* ! +$ ! B ! 1*.$;$(%,' ! 5%.%22*2%&*/,* ! %2 ! #''&!
*('/'&$(' !*"/!"%#-#! ()*!2%!(%&5%4/%!-'1*1%!-$1*/,%.*!3/%!;%##.$(%!*!()*!$!
('/,%-$/$!*.%/'!-*+,$/%,$!%!+5%.$.*:
J%!5'$!B!+3((*++'!?3%2('+%!*!+$!B!$/(.$/%,%!$/!%//$!.*(*/,$!263/%/$&$,8!($.(%!$2!
;%,,' ! ()* ! $ ! ('/,%-$/$ ! +$%/' ! 3/% ! (2%++* ! .*+$-3%2* ! @ ! +$ ! 5%.2% ! -$ !!(%,!+, ' *"('
/,+%#*(+(!@
G3!?3*+,'!;*/'&*/'0!$/!'(($-*/,*!*!/*2!/'+,.'!5%*+*0!%2(3/$!$/,*..'4%,$1$!+$!
5'/4'/'F ! B ! 3/ ! ;%,,' ! &%.4$/%2* ! * ! +'/' ! .*+$-3$ ! -$ ! %..*,.%,*<<% ! .$+5*,,' ! %22%!
&'-*./$,8 ! -*26%4.'$/-3+,.$%2*K ! B ! 3/ ! ;*/'&*/' ! 5'+,C&%,*.$%2$+,%0 ! % ! /'$!
('/,*&5'.%/*' ! ('/ ! $ ! ,.%,,$ ! *-'/$+,$($0 ! *+,*,$<<%/,$ ! * ! -$ ! ;'2(2'.$<<%<$'/* ! -*22*!
(%&5%4/*K!B!3/!;*/'&*/'0!3/%!;'.&%0!*+,*+%!%!&'2,$!5%*+$0!-$ !!(+3#-(6"+%,'
-*42$!+,$2$!-$!1$,%0!-$!+'--$+;%($&*/,'!-$!#$+'4/$!$..$-3($#$2$0!-$!+,-(%&'7/'1*2,$*+9!
()*!('$/1'24'/'!-*+,$/$0!5.'4*,,$!$/-$1$-3%2$!*!!('22*,,$1$K
A% ! ?3*+,$'/* ! * ! 26$/,*.*++* ! +3 ! ?3*+,' ! ,*&% ! L ! ()* ! )% ! $&52$(%<$'/$ ! % ! 2$1*22'!
*('/'&$('0!+'($%2*!*-!*('2'4$('!C!B!.$2*1%/,*!*-!*&*.4*!3/!?3*+$,'!-$!;'/-':!
G'/' ! ;'.+* ! 2* ! 4.%/-$ ! '.4%/$<<%<$'/$ ! * ! 2* ! &'-*./* ! ,*(/'2'4$* ! $/ ! 4.%-' ! -$!
.$+'21*.*!$!43%+,$!*-!$!5.'#2*&$!-*226%4.$('2,3.%!$/-3+,.$%2*!'!/'/!+'/'!5$3,,'+,'!('
+5,-('/,+%#*(+(!%-!$/-$(%.($!2%!1$%!5*.!3/%!%4.$('2,3.%!+'+,*/$#$2*!7!(%5%(*!($'B!
-$ ! ;'./$.* ! ($#' ! 5*. ! ,3,,$ ! +*/<% ! 4*/*.%.* ! -%//$ ! 5*. ! 2% ! +%23,*0 ! $2 ! ,*..$,'.$'0!
26%&#$*/,*!9K!!!
M*.()N!-3/?3*!1*/4'/'!;%,,*!(*.,*!*+5*.$*/<*!*!+'/'!$/!('.+'!5.%,$()*!+'($%2$!
*-!*('/'&$()*0!%/()*!&32,$;'.&$0!()*!.$(*.(%/'!3/%!;3'.$3+($,%!-%!3/!&'-*22'0!
-%!5.%,$()*!('/+'2$-%,*K
"!/'$!+*&#.%/'!$&5'.,%/,$!?3*+,$!,.*!*2*&*/,$:
O2!5.$&'!B!2%!-$&*/+$'/*!*+$+,*/<$%2*0!2%!$..$-3($#$2$,8!-$!(*.,*!+(*2,*!.$+5*,,'!%22*!
?3%2$!*&*.4*!2%!5%++$'/*!*!26'.4'42$'!-$!*++*.*!('/,%-$/$0!2%!;'.,*!$/,*4.%<$'/*!
-$ ! 1$,% ! * ! 2%1'.'0 ! $ ! ,.%,,$ ! -$ ! 3/% !/,+%#*(+(%&! ()* ! .*(35*.% ! +%5*.$ ! * ! ,.%-$<$'/$!
.$4$'(%/-'2*!-*/,.'!2%!&'-*./$,80!$/,.*(($%/-'2*!('/!+%5*.$!*!&'-$!6,*"!+(9
O2!+*('/-'!*2*&*/,'!.$43%.-%!2%!-$&*/+$'/*!+'($%2*!!*!(32,3.%2*P!-%226$&&%4$/*!
* !-%22*! .%55.*+*/,%<$'/$ ! +1%23,%,$1* ! -*2 ! &'/-' ! ('/,%-$/' ! ()* ! 1*/$1%/' ! -%,*!
;$/' ! % ! 5'(' ! ,*&5' ! ;% ! +$ ! +,% ! 5%++%/-' ! %- ! 3/ ! .$1%23,%<$'/* ! -*22% ! ('/,%-$/$,8!
4.%<$*!%-!3/!5.'2$;*.%.*!-$!&'1$&*/,$F!-%!G2'Q!R''-0!%$!S"G0!%22%!.$+('5*.,%!-*$!
#*/$ ! ('&3/$ ! 7('&5.*+' ! $2 ! 5%*+%44$'9 ! -$ ! (3$ ! $ ! /3'1$ ! ('/,%-$/$ ! +'/' ! %,,'.$!
/*(*++%.$!*!('/+%5*1'2$:!T'/!%!(%+'!*++$!()$*-'/'!$2!.$('/'+($&*/,'!-*2!.3'2'!*!
-*22* !5.%,$()* !-*2!('/,%-$/'! %4.$('2,'.*0!! 2%!2*4$,,$&%<$'/*! %/()*!$+,$,3<$'/%2*!
7!+$!1*-%!5*.!,3,,'!2%!(%&5%4/%!5*.!2%!+*&52$;$(%<$'/*!9!-$!#0!(/,$%5!"'*(-"!3"'
()*!&'+,.%/'!('/,.%--$<$'/$!*!()*!$&52$(%/'!+'23<$'/$!/'/!+('/,%,*!*!%5*.,3.*!
$/*-$,*:
O2 ! ,*.<' ! *2*&*/,' ! B ! .$;*.$,' ! % ! 3/% ! ('/-$<$'/* ! 5'2$,$(%0 ! -*($+$1% ! 5*. ! ('+,.3$.*!
'.$<<'/,$!-$!;3,3.'0!26%55%.$.*!-$!&'&*/,$!-$!%44.*4%<$'/*!!()*!5'++'/'!;%1'.$.*!
3/!5*.('.+'0!-%2!#%++'!*!$+,$,3<$'/%2*0!(%5%(*!-$!%"+"!"'(+3("6"'#$%!('3,00"%%(1'
-$!('/$34%.*!5.'-3,,'.$!*!('/+3&%,'.$0!-$!('+,.3$.*!%22*%/<*!5*.!! 3/!5.'4*,,'!
()*!/'/!B!+'2'!('/;$/%,'!%226*('/'&$('!&%!! B!-$!+'($*,8!7!+$!1*-%/'!%!?3*+,'!
5.'5'+$,' ! 26*+5*.$*/<% ! -*$ ! EUG ! * ! 2* ! .*(*/,$ ! ('/(23+$'/$ ! -$ ! G#%.('4%+!
-*226"?3$2%!9:!
!
!
?.-4#'()4#$'(&'(%$$*#='"#*(*0*+,'(&%..%(+'-*+-%
%9!-$+('/,$/3$,8!*!/3'1*!5.%,$()*!!#9!!2*!;'.&*!523.%2$!-*226*('/'&$%!('/,%-$/%P!
(9!2%!+'+,*/$#$2$,8!*!2*!5.'+5*,,$1*
!
"9!@',-"#$'#4'$A(*(#4"1*()+%$'-2*(B+'#%,-'$%C(D(#"#(,'(E()*+,"($4$$"(*(
((((,'(,"#"(%66'4#$'(,%)*+'(*(0"&'(&'<<*+*#$'(&'(*,,*+*(-"#$%&'#'
!
A* ! *+5*.$*/<* ! ()* ! %##$%&' ! $/('/,.%,' ! * ! 2%! /'+,.% ! .$;2*++$'/* ! +3$ ! &%,*.$%2$ ! -$!
$/,*.1$+,% ! ($ ! 5'.,%/' ! % ! $/-$(%.* ! ?3*+,% ! $5',*+$F ! $2 ! V23/4' ! %--$'W ! -*22% ! +'($*,8!
.3.%2*!7!,$,'2'!-*22%!$/,.'-3<$'/*!-*2!1'23&*!XXOX!-*42$!"//%2$!-*22%!R'/-%<$'/*!
R*2,.$/*22$!C!YZZ[9!2%!+('&5%.+%!-*22%!+'($*,8!.3.%2*!B!3/!5.'(*++'!('&52*++'!
()* ! +,% ! %55.'-%/-' ! % ! $/*-$,* ! ;$43.* ! +'($%2$ ! * ! % ! /3'1* ! 5.%,$()* ! /*2263/$1*.+'!
%4.$('2':
M*.!-$.2%!$/!*+,.*&%!+$/,*+$0!+$!B!5%++%,$!! -%2 !6,+*,'*"('-(+%(! %$!('/,%-$/$!5*.!
+(*2,%!7/'/!5$!5*.!-*+,$/'9P!/'/!+$!B!5*.+'!,3,,'0!+,%!%/<$!*&*.4*/-'!3/!&'-'!
/3'1' !-$!;%.*!! $!('/,%-$/$:!T'/ !B!5$ !5'++$#$2* !/N! B!%3+5$(%#$2* !3/ !.$,'./' !%2!
5%++%,':!",,.%1*.+'! 5.'1*! *-!*..'.$!+'/'!$/! ('+,.3<$'/*!! #0!(/,$%5!"' 2$5!#$(! $/!
.*2%<$'/*!%!-$;;*.*/,$!('/,*+,$!*!1'(%<$'/$!*!%$!5.'4*,,$!-$!1$,%!*!-$!2%1'.'!&*++$!
$/!(%&5':
"((*//$%&'!%-!%2(3/*!5.%,$()*!()*!;'./$+('/'!3/!5.$&'!('&5'+$,'!?3%-.'!-*22*!
+,-(%&'()*!%##$%&'!.$+('/,.%,':
!
!"#$%&'"()*%+),,"#-)++"#$./"#-)+#0)//10%/1%!L!;%.*!5%*+%44$'!L!*!-$!,*/*.*!
1$1%!! 3/6*('/'&$%!*!3/!23'4'0!$/!J%++$&'!J'/,*1*.-*!-*226*/,.',*..%!2$43.*!-$!
2*1%/,*:!J%++$&'!+322'!+;%2($'!*!$2!5%+('2%&*/,'!('&*!5.'-3,,.$($!-$!5%*+%44$'!
'2,.*!()*!-$!.*--$,'!-$(*F
A%!('+%!5$!$&5'.,%/,*0!'2,.*!2*!#'1$/*!*!$2!2%,,*0!5*.!,*/*.*!1$1%!3/6*('/'&$%!$/!
?3*+,$!5%*+$!B!?3*22%!-$!,*/*.*!%!5'+,'!$2!,*..$,'.$':!>)$!1$*/*!$/!1%(%/<%!%!G%/,'!
G,*;%/'0!()*!($!1*/4%!5*.!! 3/!4$'./'!'!5*.!3/!&*+*0!/'/!B!5*.()N!/'$!+$%&'!
('+] ! #.%1$ ! %- ! %(('42$*.* ! 2* ! 5*.+'/*0 ! &% ! 5*.()N ! 2% ! 1%22*!! B ! -$ ! 3/% ! #*22*<<%!
$/(%/,*1'2*!@
R$/()B ! .$3+($.*&' ! %! ,*/*.* ! 3/ ! &$/$&' ! -$ ! -*('.' ! $/,'./' ! %$ ! 5%*+$0 ! ()* ! +$%!! $2!
(%5'23'4'!'!()*!+$%/'!2*!;.%<$'/$0!($!+%.8!+*&5.*!4*/,*!()*!%55.*<<*.8!?3*+,%!
1%22*:! U6! ()$%.' ! ()* ! $/ ! ?3*+,%! +$,3%<$'/* ! 2' ! +;%2($' ! *! $2 ! 5%+('2%&*/,' ! +'/' ! 2*!
%,,$1$,8!(*/,.%2$0!5'$!+,%!%2!('/,%-$/'!.$3+($.*!%!,.%+;'.&%.*!?3*226*.#%!()*!,%42$%!
/*$!5.%,$!$/!+'2-$0!/*2!/*(*++%.$'!5*.!1$1*.*:!
!
A6%,,*/<$'/*0!2%!+(*2,%!-$!0)&)/)#1&'1)2)#$%2.&103#)#2)/$"0%4#$%&0"-1&103#
)#2"&"5)/1"+1036
=,,%1$' ! ^3#* ! -$ ! H%22$ ! I/$,* ! -*$ ! ('22$ ! ,'.,'/*+$ ! 5%.2%/-' ! -*22* ! +,.%,*4$* ! *!
.$;2*,,*/-'!+3!('/,%-$/$,8!*!+3$!(%.%,,*.$!-$!$&5.*/-$,'.$%2$,8!-$!3/%!(''5*.%,$1%!
()*!)%!'2,.*![_!%//$!-$!1$,%!3+%!3/6$&&%4$/*!&'2,'!;'.,*F!! 26%<$*/-%!%4.$('2%!
('&*!6,+#3%"!,'$#(/,6
=,,%1$' ! %2 ! 5.'5'+$,' ! -*$ ! (%.%,,*.$ ! -*22% ! $&5.*/-$,'.$%2$,8F ! >6B ! $2 ! 2%,' ! *,$('0 ! 2%!
.*+5'/+%#$2$,8 ! -6$&5.*+% ! +32 ! 5.'-',,'0 ! +32 ! 2%1'.'0 ! +3226*('2'4$% ! @ ! (6B ! 2%!
-$&*/+$'/*!.*2%<$'/%2*!*!-$!5$(('2%!('&3/$,8!@!(6B!2%!(32,3.%!*!2%!-$&*/+$'/*!
+$&#'2$(%!-*22%!V('/,%-$/$,8W!()*!+'5.%11$1*!*!()*!)%!-$;;$('2,8!%!$/,*.(*,,%.*!*!
$/;23*/<%.* ! 2* ! /3'1* ! 5.%,$()* ! $/-$1$-3%2$ ! * ! ('22*,,$1*@(6B ! 2% ! -$&*/+$'/*!
'.4%/$<<%,$1% ! * ! -$ ! .*+5'/+%#$2$,8 ! /*2 ! 4*+,$.* ! 2% ! ('&52*++$,8 ! -$ ! 3/% ! %<$*/-%!
%4.$('2%!()*!('/('..*!+32!&*.(%,'!@!
=,,%1$' ! 5'/*!! 3/% ! ?3*+,$'/* ! %5*.,% ! * ! $/ ! ,*/+$'/* ! ('/,$/3%0 ! ?3*22% ! -$ ! ,*/*.*!
$/+$*&* ! ('&3/$,8 ! *! &*.(%,'0 ! ('/,%-$/$,8 ! *! &%/%4*.$%2$,8: ! G$ ! 53` ! -$.* ! ()* ! +$!
.$(*.(%!5+<()!(*#.(,+"',!0#+(..#%(-#'A'%!#'%!#*(.(,+"'"'6,*"!+(%&9
>'+]!J%3.$<$'!S.$,,%!-*22%!>''5*.%,$1%!O.$+!-$!M$%-*/%!$/-$(%!/*2!#$'2'4$('0!/*22%!
&3,3%2$,8!*!/*2!&*.(%,'!2*!!2$/**!-$!;'/-'!+322*!?3%2$!+$!&$+3.%!2%!2'.'!*+5*.$*/<%!
-$!(''5*.%,$1%!%4.$('2%:
I/!%2,.'!*+*&5$'!+'/'!2*!&*,'-'2'4$*!-$!5.'4.%&&%<$'/*!-*22%!5.'-3<$'/*!!5*.!
4*+,$.* ! ,$5'2'4$* ! * ! ?3%/,$,8 ! -$ ! ;.3,,* ! * ! '.,%44$ ! -% ! 5%.,* ! -*22% ! >''5*.%,$1%!
a$'1%24.%/%!-*2!(3/**+*!! *!2%!('//*++$'/* !('/!5.'4*,,$!(32,3.%2$!*!%++'($%,$1$!
.$(.*%,$1$!('&*!$2!($(2',3.$+&'!$/!H%24.%/%!/*$!23'4)$!('22$/%.$!-*22%!5.'-3<$'/*:
(
/%))"+$'(-'$$AF-%0)%6#%(*(-",$+4='"#*(&'(%..*%#=*($+%()+"&4$$"+'(*(3-'$$%&'#'(
-"#,40%$"+'5
T*22%!('+,.3<$'/*!-$!.*2%<$'/$!5%.$,*,$()*!('/!2*!.*%2,8!3.#%/*!*!-$!&3,3'!+'+,*4/'!72'!
+1$2355'!-*$!4%+!*!2%!('+,.3<$'/*!-*$!E$+,.*,,$!-$!*('/'&$%!+'2$-%2*9!.$%;;$'.%!$/!&'-$!
$/*-$,$!3/!-%,'!'.$4$/%.$'!/*226%4.$('2,3.%!$,%2$%/%0!5.';'/-'!*!%/,$('@!V26%4.$('2,3.%!/'/!
B!&%$!+,%,%!3/!3/$1*.+'!%3,'/'&'0!&'++'!*+(23+$1%&*/,*!-%!5.'5.$*!!2'4$()*!$/,*./*0!
()*!/'/!('/+*/,*!-$!2*44*.*!$!.%55'.,$!,.%!($,,8!*!(%&5%4/%!$/!,*.&$/$!-$!+*5%.%,*<<%!*!
'55'+$<$'/*0 ! &% ! +'2,%/,' ! $/ ! 3/ ! ?3%-.' ! -$ ! $/,*.-$5*/-*/<*: ! >6B ! +*&5.* ! +,%,%0 ! +$!
+'+,$*/*!/*226$/,.'-3<$'/*!%226"//%2*!R*2,.$/*22$0!$/,*4.%<$'/*!;'.,*!*!-$!23/4%!-3.%,%0!,.%!
$2!&'/-'!.3.%2*!*!2%!($,,%!-%!3/!2%,'!*!$2!&*.(%,'!-%226%2,.'!@!$2!;%,,'!()*!-%22%!($,,%C
&*.(%,'!+$!+$%/'!$..%-$%/,$!('+,%/,$!+,$&'2$!%22%!,.%+;'.&%<$'/*0!('/,$/3*!.',,3.*!-*22%!
,.%-$<$'/*0!$/!3/!5.'(*++'!-$!(.*+(*/,*!$/,*4.%<$'/*W:!>$`!()*!'44$!+*&#.%!(%&#$%.*!B!
$2 ! ,.%-$<$'/%2* ! .%55'.,' ! -$ ! +3#%2,*./$,80 ! (32,3.%2* ! 5.$&% ! %/('.% ! ()* ! *('/'&$(' ! ,.%!
(%&5%4/% ! * ! ($,,8: ! b3*22' ! ()* ! *&*.4* ! B ! 3/ ! .%55'.,' ! 5%.$,*,$(' ! ()* ! 1*-* ! $ ! /3'1$!
+'44*,,$!.3.%2$!('/;.'/,%.+$!-%!5%.$!%!5%.$!('/!$!2'.'!$/,*.2'(3,'.$!3.#%/$:!U!?3*+,'!B!
.*+'!5'++$#$2*!-%22%!(%5%($,8!-*$!/3'1$!('/,%-$/$!-$!('/$34%.*!(32,3.%!*-!*+5*.$*/<%0!
,.%-$<$'/* ! *- ! $//'1%<$'/*:!U++$ !+'/'0 ! %! -$;;*.*/<%! -$! 3/! ,*&5'0 ! 5$*/%&*/,* !$/+*.$,$!
/*22%!&'-*./$,8!*!/'/!+';;.'/'!-$!/*++3/!+*/+'!!-$!$/;*.$'.$,8:!"/<$!+'/'!$!($,,%-$/$!()*!
1%//' ! % ! 2*<$'/* ! -% ! 2'.' ! 7 ! %2 ! 5.'5'+$,' ! B ! -$ ! 5%.,$('2%.* ! $/,*.*++* ! ?3*22' ! ()* ! ($ ! )%!
.%(('/,%,'!J%3.$<$'!S.$,,%!-*22%!>''5*.%,$1%!O.$+9:!!!
!
O/ ! ?3*+,' ! ?3%-.' ! .$*/,.%/' ! *+5*.$*/<* ! -$ ! 5%,,' ! ,.% ! 5.'-3,,'.$ ! * ! ($,,%-$/$!! 7('
/(%%#*(+('*#'/,+356#%,!('#'/,2!,*5%%,!(DF!2%!.*(*/,*!5.'4*,,3%2$,8!-*22* !B%!#*" '
*"$ ' 4!"3/, '/*2 ! ('/,*+,' ! -*226"2,' ! &$2%/*+* ! ' ! 26*+5*.$*/<% ! $//'1%,$1%0 ! 4$8 ! -*42$!
%//$!T'1%/,%!!-*2!E,+3,!.(,'F0!(/,$%5!#'*"$$<"@5,'*"$'G(05$$(,'*!&'2,*!%2,.*!('&*!
?3*22%!-*$!E#62('F2"!%(!-$!a'2'4/%!*!!-*22*!H#%%,!("'"3%"+3(!-$!R*..%.%:
O2!!5.'4*,,'!I"+5(+,'/$#+*"3%(+,!+322%!4%.%/<$%!5%.,*($5%,%!!73/!5*.('.+'!/3'1'!
-$!%3,'/'&$%!('22*,,$1%9!()*!1$*/*!+5*.$&*/,%,%!-%$!>%&5$!"5*.,$!-$!a'2'4/%!*!
-%22%!.*,*!-$!G(*22$/'!*!2*!+,'.$*!*+*&52%.$!-$!%2(3/*!.*,$!-$!*('/'&$%!+'2$-%2*:
!
!
!"#$)&0/"+103#-)++)#/)+",1%&1#)#+"#$%&-1,1%&)#7)221&1+)#
A% ! (*/,.%2$,8 ! -*22* ! .*2%<$'/$ ! /*22% ! ;%&$42$% ! ('/,%-$/% ! ('&* ! /*22* ! .*%2,8 ! 5.'-3,,$1* ! *!
(''5*.%,$1$+,$()*!&'+,.%!%2,.*+]!3/!%+5*,,'!$&5'.,%/,*0!?3*22'!-*22%!('/-$<$'/*!*!-*2!
.3'2'!-*22%!-'//%:
A% !/,+*(.(,+" ' *"$$# ' *,++#! $/ ! (%&5%4/% ! /'/ ! B ! 5$ ! ('&* ! 3/% ! 1'2,%0 ! -$(* ! ".$%//%!
-*226%4.$,3.$+&' ! -$ ! E*&'/,*: ! T*42$ ! +(.$,,$ ! -$ ! ^*1*22$ ! 2% ! -'//% ! *.% ! 3/% ! #*+,$% ! -%!
2%1'.'P,.%!$!-(+%(!+,%1%!$/!;'/-'!%22%!+(%2%P!%/()*!+*!^*1*22$!-$(*!$/!3/!+3'!,$,'2'!()*!2%!
-'//%!!B!$<#+"$$,'4,!%"0!($`!()*!,*/*1%!$/+$*&*!*.%!2%!-'//%:
=44$! (6B ! $2! .$+5*,,' !* !2% !-$4/$,8 !-*22% !-'//%! /*22%! .*2%<$'/* ! ('/ !$! /3'1$! ('/,%-$/$ !@!
G$%&'!%22%!5%.$0!-$(*!E$&$,.$0!('&5%4/'!-$!".$%//%:
T*22* ! ;%&$42$* ! ('/,%-$/* ! ()* ! %##$%&' ! $/('/,.%,' ! $2 ! .3'2' ! -*22* ! -'//% ! B ! +*&5.*!
;'/-%&*/,%2*:!T'/!+$!2$&$,%!%-!%((3-$.*!2%!(%+%!*-!$!;$42$!&%!-8!3/!('/,.$#3,'!-$!2%1'.'!
5.'-3,,$1'!7".$%//%0!*!2*!&'42$!-$!J'/,*1*.-*!*!a',,%.$0!9!'!-$!.*--$,'!7!2*!&'42$!-$!
R.%/(*+('/$!*!J'/,%/%.$!*!E%/$*2%!()*!;%!2*!,.%-3<$'/$!9:!U!%/('.!5$!+$4/$;$(%,$1'!$/!
5%.*(()$ ! (%+$ ! +'/' ! 2* ! -'//* ! $/ ! 5.$&% ! 5*.+'/% ! ()* ! ('/-3('/' ! 26%<$*/-%F ! E%&$('0!
c$<$%/%0!G%#$/%0!J%.,%:!
!
!
GC((((H*(<"+0*().4+%.'(&*..I*-"#"0'%(-"#$%&'#%(
!
O!/'+,.$!+'44*,,$!('&5.*/-'/'!+$%!2*!%<$*/-*!;%&$2$%.$!('/,%-$/*!+$%!%<$*/-*!5$!
('&52*++*!*!-$!,$5'!?3%+$C$&5.*/-$,'.$%2*:
>$.(%!$<#.("+*#'4#6($(#!"'/,+%#*(+#!B!.$2*1%/,*!C!('&*!%##$%&'!4$8!.$()$%&%,'!C!
2%!5.*+*/<%!;*&&$/$2*!()*!%(('&5%4/%!'!-*,*.&$/%!2%!-$&*/+$'/*!5.'4*,,3%2*!
5.'-3,,$1%0!*-!B!;'/-%&*/,%2*!2%!('+,.3<$'/*!-$!.*,$!5*.!2%!1*/-$,%!'!-$!2*4%&$!
5*. ! $2 ! &3,3' ! +'+,*4/' ! &%,*.$%2* ! * ! (32,3.%2* ! 7 ! 5.%,$()* ! 5$ ! ' ! &*/' ! .$(()* ! $/!
.*2%<$'/*!%!('/,*+,$!-$;;*.*/,$!*!%!+'44*,,$1$,8!('/+%5*1'2$!*!$//'1%,$1*!@!9
O/!&*.$,' !%22* !#.("+*" ' (62!"+*(%,!(#$(8/,+%#*(+"! ('&* !O.$+0! $2! >%+*$;$($' ! G%/,%!
^$,%0!'!26%<$*/-%!-$!J%++$&'!c.$/()*.'0!2*!+(*2,*!-$!;'/-'!$&52$(%/'!+$4/$;$(%,$1$!
$/1*+,$&*/,$ ! -$ ! (%5$,%2$0 ! 2% ! (.*+($,% ! -$ ! -$&*/+$'/* ! * ! +(%2% ! -$ ! 5.'-3<$'/*0 ! 2%!
4*+,$'/*!-*22%!;$2$*.%:
A% ! .$(*.(% ! -*226%3,'/'&$% ! .$+5*,,' ! %$ ! ;%,,'.$ ! -$ ! 5.'-3<$'/* ! 7 ! +*&$0 ! &%/4$&$0!
*((:!9!*!2%!/,,2"!#.(,+"'"'65%5#$(%&'%!#'#33,/(#%(!(%.%,,*.$<<%/'!26$&5.*/-$,'.$%!
('/,%-$/%!7%!-$;;*.*/<%!-*226$&5.*/-$,'.$%2$,8!('&*!1$*/*!5.*+*/,%,%!/*2!,*+,'!-$!
M2'*4!9:!A%--'1*!(.*+(*!2%!+(%2%!*!2%!-$&*/+$'/*!5.'-3,,$1%!/'/!+$!*(-"+%#'2(J'
0!#+*( ' *( ' %#+%,! &% ! +$ ! -*(2$/%/' ! ;'.&32* ! %++'($%,$1* ! * ! (''5*.%,$1$+,$()*!
(%.%,,*.$<<%,*!-%!3/%!523.%2$,8!-$!+'23<$'/$:
K#$$( ' L+(%"! B ! 3/% ! (''5*.%,$1% ! -$ ! 2%1'.'0 ! 3/% ! ('&3/$,8 ! -$ ! 5.'-3,,'.$0 ! .$((% ! -$!
+(%&#$ ! $/,*./$ ! 7-%22% ! &32,$%,,$1$,80 ! %22* ! -$1*.+* ! 4*/*.%<$'/$ ! 5.*+*/,$@9 ! * ! -$!
%5*.,3.*!%!+1%.$%,$!$/,*.2'(3,'.$0!+$%!%22*!.*%2,8!-$!#%+*0!%!;.3$,'.$!!*!4%+!.*4$'/%2$!
*-!*d,.%.*4$'/%2$0!+$%!/*$!('/;.'/,$!-$!.*,$!('/,%-$/*!()*!-$!.*;*.*/,$!-$!$+,$,3<$'/$!
*-!*/,$!2'(%2$:!"2,.*!('&*!2% !E,,2"!#%(-"! /#!+(! -$!H%.*+*!A$43.*!' !$<F0!(/,$%5!#'
*"$$<"@5,! -$ ! >)$%1%.$0 ! 2% !E,,2"!#%(-# ' M(,-#$0!#+#! -*2 ! (3/**+*0 ! %44.*4%/'0 ! $/!
.*2%<$'/*!%22*!+5*($;$($,8!-*$!,*..$,'.$0!$!5.'-3,,'.$!5*.!2%!('&&*.($%2$<<%<$'/*!'!
2% !/,,2"!#%(-# ' E#3"(4(/(, ' B9 ' N(%# '-*226"55*//$/' ! &'-*/*+* ! ()* ! ('$/1'24* ! $!
5.'-3,,'.$!$/!3/!5.'4*,,'!'.4%/$('!*!('&52*++$1'!-$!;$2$*.%P!%2,.*!%/('.%!('&*!
$<#33,/(#.(,+"'O,*"!('*('N,6#0+#!5.*+*/,%/'!-*22*!5*(32$%.$,8!-$!'.4%/$<<%<$'/*!
2*44*.%0!()*!53/,%!%!;%.*!(32,3.%!*!%!5.'&3'1*.*!$/$<$%,$1*!2'(%2$!('&*!$!&*.(%,$!
('/,%-$/$ ! *0 ! ('+% ! .$2*1%/,*0!! +$ ! -*;$/$+('/' ! ('&*!! V5$(('2* ! ('&3/$,8W ! $/ ! (3$!
.$,.'1%.+$!*!+,%.*!#*/*:
!
b3*+,* ! %<$*/-* ! +$ ! .*44'/' ! *('/'&$(%&*/,* ! +*43*/-' ! 5*.('.+$ ! ()* ! ;%//' ! 5*./'!
+3226%3,'5.'-3<$'/*!-*42$!$/53,!7('&5.*+$!?3*22$!*/*.4*,$($90!+322%!&32,$!('2,3.%0!+322%!
?3%2$,8!-*2!5.'-',,'!7/'/!/*(*++%.$%&*/,*!(*.,$;$(%,'!#$'90!+32!2%1'.'!#*/!;%,,'!*!+322%!
-$&*/+$'/*!-$!%.,$4$%/%2$,8!7+5*++'!%;;*.*/,*!%-!3/!+%5*.*!,%($,'0!;'.,*&*/,*!%/('.%,'!
%22%!/%,3.%!*!%$!23'4)$90!+322%!&32,$;3/<$'/%2$,8!7!%4.$,3.$+&'0!;%,,'.$*!-$-%,,$()*0!*((:90!
+3226$/('.5'.%<$'/*!-$!,3,,%!'!5%.,*!-*22%!(%,*/%!-*2!1%2'.*!7*+:!5.'-3<$'/*!+3!5$(('2%!
+(%2%!-$!('/+*.1*0!;%.$/*0!5%/*0!;'.&%44$!*!?3%/,6%2,.'!90!+322%!(''5*.%<$'/*!;'.&%2*!*!
$/;'.&%2*0!+3226$/,*4.%<$'/*!/*2!.*--$,'!;%&$2$%.*!-$!%55'.,$!*+,*./$0!+5*++'!;*&&$/$2$0!*!
+32!.%55'.,'!-$.*,,'!('/!$2!('/+3&%,'.*!7&*.(%,$!('/,%-$/$0!4%+0!+5%(($0!*((:9:!
!
I/%!+(*2,%!-$!;'/-'!()*!(%.%,,*.$<<%!2*!.*%2,8!('/,%-$/*!%!-$&*/+$'/*!-$!%<$*/-%!
;%&$2$%.*!! +,% ! 2% ! 1'2'/,8 ! -$ ! ,.'1%.* !32#.( ' *( ' -(%# ' " ' $#-,!,! -$1*.+$ ! -% ! ?3*22$!
('/+*/,$,$ ! -%2 ! &*.(%,' ! ,.%-$<$'/%2* ! ('&#$/%/-' ! /*2 ! &'-' ! 5$ ! 1%.$' ! $ ! ;%,,'.$!
+'5.%*2*/(%,$:!7$/,*.*++%/,*!B!$2!(%+'!-$!J%++$&'!c.$/()*.'!*!-*22%!+3%!%22*%/<%!
('/!U%,%2e!*!-*2!-$&*/+$'/%&*/,'!?3%+$!$&5.*/-$,'.$%2*9
G* ! /*2 ! ,*..$,'.$' ! $,%2$%/' ! *+$+,* ! 3/% ! &$.$%-* ! -$ ! &$(.' ! %<$*/-* ! B ! 5*.()N ! $2!
,*..$,'.$'!$,%2$%/'!!B!5%.,$('2%.*!('&*!4*'&'.;'2'4$%0!+,'.$%0!(32,3.%!*-!B!5*.!,.*!
?3%.,$!&'/,%/'!*!('22$/%.*P!/'/!5'++'/'!*+$+,*.*!+'2'!%<$*/-*!-*2!,$5'!-*22%!
5$%/3.%!5%-%/%0!$"'6(/!,'#.("+*"'(+%"!2!"%#+,'('%"!!(%,!(9
A6'.$<<'/,*!$-*%2*!-$!&'2,$!-$!?3*+,$!('/,%-$/$!*!-*22%!+,*++%!$&5.*/-$,'.$%!('/,%-$/%!B!
3/6"/,+,6(#'6,!#$"!$/!(3$!.$,.'1%/'!+5%<$'!2%!(''5*.%<$'/*0!$2!-'/'!*!!$2!(3$!;$/*!/'/!B!!
26%..$(()$&*/,'0 ! &% ! ?3*22' ! -$ ! 3/% ! 1$,% ! -$4/$,'+% ! $/ ! *?3$2$#.$' ! ('/ ! 2% ! /%,3.% ! * ! -$ ! 3/!
5.'4*,,'!-$!$&5.*+%!!()*!+%21%43%.-%!+$%!$2!$#3/(%,'-*22*!4*/*.%<$'/$!5.*(*-*/,$0!+$%!2%!
.*--$,$1$,8!*!?3%2$,8!-*$!5.'-',,$0!! +$%!2%! ('/+*.1%<$'/*!*!2%!1$1$#$2$,8!-*$! 23'4)$!! *! $2!
#*/*++*.*!+'($%2*!@:
!
!
!C((((H%(,",$*#'8'.'$A(*(.*()+",)*$$'1*(
!
M*/+$%&'!()*!/'/!1$!+$%!3/%!('/,.%--$<$'/*!-$!;'/-'!/N!()*!.%55.*+*/,$/'!5*.('.+$!
%2,*./%,$1$0!$/!3/!?3%-.'!-$!!#$'-$1*.+$,8!*!-$!523.%2$,8!-$!5.'5'+,*0!2*!1*.+$'/$!-$!5$(('2%!
-$&*/+$'/*!*!-$!%<$*/-%!;%&$2$%.*!()*!+(*24'/'!2%!+'#.$*,8!! *!()*!(*.(%/'!-$!1$1*.*!
3/%!('/-$<$'/*!-$!/$(()$%!*!26%2,.%!1*.+$'/*!('&*!$2!>%+*$;$($'!G:!^$,%!'!2%!(''5*.%,$1%!
O.$+!()*!L!%/()*!$/!.*2%<$'/*!%!5.'-',,'D+*,,'.*!*!%!5.'(*++$!5.'-3,,$1$!5$!('&52*++$!C!!
53/,%/'!%22%!(.*+($,%!*!+$!2%/($%/'!/*2!&*.(%,'!%++3&*/-'!&'-%2$,8!$&5.*/-$,'.$%2$!*!
-$!4*+,$'/*!-$!.$+'.+*!*!-$!.*,$!('&52*++*!7+$%!-$!1*/-$,%!*!('&&*.($%2$<<%<$'/*!+$%!-$!
(.*%<$'/*!-$!.*,$!-$!*('/'&$%!+'2$-%2*9:
E6%2,.'/-* ! 2* ! *+5*.$*/<*0 ! -$ ! 5$(('2% ! -$&*/+$'/*0 ! +'/'0 ! ('&* ! +'+,$*/* ! ^'#*.,'!
G()*22$/'0!! 2*!5$!&%.4$/%2$!*!2*!5$!5.*<$'+*0!+'/' !0"!6('*('5+<"/,+,6(#'*(-"!3#9! O2!
2$&$,*!-$!?3*+,*!*+5*.$*/<*!+,%!/*2!;%,,'!()*!;$/'!%!?3%/-'!+'/'!+35*.;23*!'!+'/'!3/!
#$+'4/' ! -6*2$,*0 ! 3/ ! 5'6 ! -$+,$/,$1'0 ! )%//' ! 2* ! 4%&#* ! ('.,* ! * ! .$&%/4'/' ! -3/?3*!
3/6*('/'&$%!$/,*.+,$<$%2*!-*+,$/%,%!%!1$1%(()$%.*:!
G$ ! ,.%,,*.8 ! -$ ! 1*-*.* ! +* ! ?3*+,% ! %4.$('2,3.% ! .$3+($.8 ! % ! ('&5*,*.* ! *;;$(%(*&*/,* ! ('/!
?3*22%!('/1*/<$'/%2*P!2%!+('&&*++%!+$!4$'(%!/*22%!('+,.3<$'/*!-$!.*,$!*!%22*%/<*!('&*!
%/()*!&'+,.%/'!2*!"32"!("+."'2(J'/,62$"33"!7!H%22$!I/$,*0!2%!(''5*.%,$1%!(%./$!-*22%!1%2!
-$!H%.%0!$2!>%+*$;$($'!G:!^$,%0!2%!>''5*.%,$1%!O.$+@:9!*!/*22'!+1$2355'!-$!3/!&'1$&*/,'!
('/,%-$/'!*!-$!+'($*,80!!/*22%!5.'&'<$'/*!-$!3/!#22!"+*(6"+%,'3,/(#$"!()*!!('$/1'24*0!
$/!3/!5*.('.+'!-$!23/4'!5*.$'-'!*!-%2!#%++'0!/'/!+'2'!! $+,$,3<$'/$!5'2$,$()*!*!,*(/$('!
5.';*++$'/%2$ ! &% ! +*,,'.$ ! (.*+(*/,$ ! -$ ! V+'($*,8 ! +*/+$#$2*W ! 5*. ! 5.'+5*,,%.* ! '.$<<'/,$ ! -$!
;3,3.'0 ! $&5*4/%/-' ! +,.%,*4$* ! -$ ! #2'((' ! -*2 ! -*4.%-' ! 1*.+' ! $2 ! .$5.$+,$/' ! -*22% ! ?3%2$,8!
+'($%2*:!
!
                                  !J%++$&'!>*.$%/$0!S$3+*55*!>%/%2*!
!
!

Weitere ähnliche Inhalte

Was ist angesagt?

Présentation Quadrans
Présentation QuadransPrésentation Quadrans
Présentation Quadransybert
 
Jamie Yeung Undergrad Research
Jamie Yeung Undergrad ResearchJamie Yeung Undergrad Research
Jamie Yeung Undergrad ResearchJamie Yeung
 
Intergrating OER in Educational Practice: Practitioner Stories
Intergrating OER in Educational Practice: Practitioner StoriesIntergrating OER in Educational Practice: Practitioner Stories
Intergrating OER in Educational Practice: Practitioner StoriesShironica Karunanayaka
 
Guia Cursos Formación General
Guia Cursos Formación GeneralGuia Cursos Formación General
Guia Cursos Formación Generalitik consultoria
 
Varias formas de se ver uma loja Artigo para a Revista Dirigente Lojista
Varias formas de se ver uma loja Artigo para a Revista Dirigente LojistaVarias formas de se ver uma loja Artigo para a Revista Dirigente Lojista
Varias formas de se ver uma loja Artigo para a Revista Dirigente LojistaFlávio Radamarker, RDI
 
Articulo 416 LeCrim. La dispensa de la Obligación de Declarar.
Articulo 416 LeCrim. La dispensa de la Obligación de Declarar.Articulo 416 LeCrim. La dispensa de la Obligación de Declarar.
Articulo 416 LeCrim. La dispensa de la Obligación de Declarar.owaj
 
5 - The strategic stakes for the development of rural territories up to 2020
5 - The strategic stakes for the development of rural territories up to 20205 - The strategic stakes for the development of rural territories up to 2020
5 - The strategic stakes for the development of rural territories up to 2020grisiplus
 
Spring 2010 closed memo assignment jellyvision v. aflac complaint pdf
Spring 2010 closed memo assignment jellyvision v. aflac complaint pdfSpring 2010 closed memo assignment jellyvision v. aflac complaint pdf
Spring 2010 closed memo assignment jellyvision v. aflac complaint pdfLyn Goering
 
Vietnam review of current and planned adaption action
Vietnam review of current and planned adaption actionVietnam review of current and planned adaption action
Vietnam review of current and planned adaption actionThành Nguyễn
 
Fachada - O verdadeiro cartão de visita de uma loja. Artigo para a Edição 452...
Fachada - O verdadeiro cartão de visita de uma loja. Artigo para a Edição 452...Fachada - O verdadeiro cartão de visita de uma loja. Artigo para a Edição 452...
Fachada - O verdadeiro cartão de visita de uma loja. Artigo para a Edição 452...Flávio Radamarker, RDI
 
Collaborating In The Clouds
Collaborating In The CloudsCollaborating In The Clouds
Collaborating In The CloudsRachel Vacek
 
Zegeye Junior I.S.
Zegeye   Junior I.S. Zegeye   Junior I.S.
Zegeye Junior I.S. mitikayalew
 
Managing SQL Performance
Managing SQL PerformanceManaging SQL Performance
Managing SQL PerformanceKaren Morton
 

Was ist angesagt? (18)

Présentation Quadrans
Présentation QuadransPrésentation Quadrans
Présentation Quadrans
 
Jamie Yeung Undergrad Research
Jamie Yeung Undergrad ResearchJamie Yeung Undergrad Research
Jamie Yeung Undergrad Research
 
Intergrating OER in Educational Practice: Practitioner Stories
Intergrating OER in Educational Practice: Practitioner StoriesIntergrating OER in Educational Practice: Practitioner Stories
Intergrating OER in Educational Practice: Practitioner Stories
 
Guia Cursos Formación General
Guia Cursos Formación GeneralGuia Cursos Formación General
Guia Cursos Formación General
 
FPC Seven to Save 2009
FPC Seven to Save 2009FPC Seven to Save 2009
FPC Seven to Save 2009
 
Varias formas de se ver uma loja Artigo para a Revista Dirigente Lojista
Varias formas de se ver uma loja Artigo para a Revista Dirigente LojistaVarias formas de se ver uma loja Artigo para a Revista Dirigente Lojista
Varias formas de se ver uma loja Artigo para a Revista Dirigente Lojista
 
Ecosoc
EcosocEcosoc
Ecosoc
 
Articulo 416 LeCrim. La dispensa de la Obligación de Declarar.
Articulo 416 LeCrim. La dispensa de la Obligación de Declarar.Articulo 416 LeCrim. La dispensa de la Obligación de Declarar.
Articulo 416 LeCrim. La dispensa de la Obligación de Declarar.
 
5 - The strategic stakes for the development of rural territories up to 2020
5 - The strategic stakes for the development of rural territories up to 20205 - The strategic stakes for the development of rural territories up to 2020
5 - The strategic stakes for the development of rural territories up to 2020
 
Spring 2010 closed memo assignment jellyvision v. aflac complaint pdf
Spring 2010 closed memo assignment jellyvision v. aflac complaint pdfSpring 2010 closed memo assignment jellyvision v. aflac complaint pdf
Spring 2010 closed memo assignment jellyvision v. aflac complaint pdf
 
Apps Market Research
Apps Market ResearchApps Market Research
Apps Market Research
 
Brinch hansen
Brinch hansenBrinch hansen
Brinch hansen
 
Vietnam review of current and planned adaption action
Vietnam review of current and planned adaption actionVietnam review of current and planned adaption action
Vietnam review of current and planned adaption action
 
MPI_PQ_2015_ISSUE5
MPI_PQ_2015_ISSUE5MPI_PQ_2015_ISSUE5
MPI_PQ_2015_ISSUE5
 
Fachada - O verdadeiro cartão de visita de uma loja. Artigo para a Edição 452...
Fachada - O verdadeiro cartão de visita de uma loja. Artigo para a Edição 452...Fachada - O verdadeiro cartão de visita de uma loja. Artigo para a Edição 452...
Fachada - O verdadeiro cartão de visita de uma loja. Artigo para a Edição 452...
 
Collaborating In The Clouds
Collaborating In The CloudsCollaborating In The Clouds
Collaborating In The Clouds
 
Zegeye Junior I.S.
Zegeye   Junior I.S. Zegeye   Junior I.S.
Zegeye Junior I.S.
 
Managing SQL Performance
Managing SQL PerformanceManaging SQL Performance
Managing SQL Performance
 

Ähnlich wie Contadiniperscelta ceriani

Addiction treatments brochure
Addiction treatments brochureAddiction treatments brochure
Addiction treatments brochureTaras Kuzin
 
Paquetes y precios h go
Paquetes y precios h goPaquetes y precios h go
Paquetes y precios h goimtpae17
 
Internet safety
Internet safetyInternet safety
Internet safetynwagner05
 
Critical thinking rubric
Critical thinking rubricCritical thinking rubric
Critical thinking rubricTimothy Welsh
 
Interview with Ryan Kalil and Dwayne Jarrett
Interview with Ryan Kalil and Dwayne Jarrett Interview with Ryan Kalil and Dwayne Jarrett
Interview with Ryan Kalil and Dwayne Jarrett Natalie Hills
 
Helmut newton ppt
Helmut newton pptHelmut newton ppt
Helmut newton pptaidamarti
 
Monthly report functional - may 2013
Monthly report   functional - may 2013Monthly report   functional - may 2013
Monthly report functional - may 2013Leonardo Silveira
 
Oisin Lunny OpenMarket IoF National Convention 2014
Oisin Lunny OpenMarket IoF National Convention 2014Oisin Lunny OpenMarket IoF National Convention 2014
Oisin Lunny OpenMarket IoF National Convention 2014Oisin Lunny
 
Spring 2010 closed memo assignment jellyvision v. aflac complaint pdf
Spring 2010 closed memo assignment jellyvision v. aflac complaint pdfSpring 2010 closed memo assignment jellyvision v. aflac complaint pdf
Spring 2010 closed memo assignment jellyvision v. aflac complaint pdfLyn Goering
 
Spring 2010 closed memo assignment jellyvision v. aflac complaint pdf
Spring 2010 closed memo assignment jellyvision v. aflac complaint pdfSpring 2010 closed memo assignment jellyvision v. aflac complaint pdf
Spring 2010 closed memo assignment jellyvision v. aflac complaint pdfLyn Goering
 
What Is Social Media
What Is Social MediaWhat Is Social Media
What Is Social MediaHAL
 
New Year. Healthy Choices.
New Year. Healthy Choices.New Year. Healthy Choices.
New Year. Healthy Choices.Isabel Tuna
 
2013 06 04 design handbook edited
2013 06 04 design handbook edited2013 06 04 design handbook edited
2013 06 04 design handbook editedshu sheng ong
 

Ähnlich wie Contadiniperscelta ceriani (20)

Addiction treatments brochure
Addiction treatments brochureAddiction treatments brochure
Addiction treatments brochure
 
Paquetes y precios h go
Paquetes y precios h goPaquetes y precios h go
Paquetes y precios h go
 
Internet safety
Internet safetyInternet safety
Internet safety
 
Coaching protocols
Coaching  protocolsCoaching  protocols
Coaching protocols
 
Critical thinking rubric
Critical thinking rubricCritical thinking rubric
Critical thinking rubric
 
Interview with Ryan Kalil and Dwayne Jarrett
Interview with Ryan Kalil and Dwayne Jarrett Interview with Ryan Kalil and Dwayne Jarrett
Interview with Ryan Kalil and Dwayne Jarrett
 
Panthers
Panthers Panthers
Panthers
 
Panthers
Panthers Panthers
Panthers
 
Oggetto del-rapporto-giuridico
Oggetto del-rapporto-giuridicoOggetto del-rapporto-giuridico
Oggetto del-rapporto-giuridico
 
Helmut newton ppt
Helmut newton pptHelmut newton ppt
Helmut newton ppt
 
Monthly report functional - may 2013
Monthly report   functional - may 2013Monthly report   functional - may 2013
Monthly report functional - may 2013
 
Oisin Lunny OpenMarket IoF National Convention 2014
Oisin Lunny OpenMarket IoF National Convention 2014Oisin Lunny OpenMarket IoF National Convention 2014
Oisin Lunny OpenMarket IoF National Convention 2014
 
João Rodrigues - be IN Bragança
João Rodrigues - be IN BragançaJoão Rodrigues - be IN Bragança
João Rodrigues - be IN Bragança
 
Spring 2010 closed memo assignment jellyvision v. aflac complaint pdf
Spring 2010 closed memo assignment jellyvision v. aflac complaint pdfSpring 2010 closed memo assignment jellyvision v. aflac complaint pdf
Spring 2010 closed memo assignment jellyvision v. aflac complaint pdf
 
Spring 2010 closed memo assignment jellyvision v. aflac complaint pdf
Spring 2010 closed memo assignment jellyvision v. aflac complaint pdfSpring 2010 closed memo assignment jellyvision v. aflac complaint pdf
Spring 2010 closed memo assignment jellyvision v. aflac complaint pdf
 
Ppt 4r
Ppt 4rPpt 4r
Ppt 4r
 
What Is Social Media
What Is Social MediaWhat Is Social Media
What Is Social Media
 
Pyp planning guide
Pyp planning guidePyp planning guide
Pyp planning guide
 
New Year. Healthy Choices.
New Year. Healthy Choices.New Year. Healthy Choices.
New Year. Healthy Choices.
 
2013 06 04 design handbook edited
2013 06 04 design handbook edited2013 06 04 design handbook edited
2013 06 04 design handbook edited
 

Mehr von Alberto Fatticcioni

Ritorno al territorio bene comune
Ritorno al territorio bene comuneRitorno al territorio bene comune
Ritorno al territorio bene comuneAlberto Fatticcioni
 
Scelte di campo_appunti_politiche_alimentari
Scelte di campo_appunti_politiche_alimentariScelte di campo_appunti_politiche_alimentari
Scelte di campo_appunti_politiche_alimentariAlberto Fatticcioni
 
Gli accordi volontari per la compensazione della co2
Gli accordi volontari per la compensazione della co2Gli accordi volontari per la compensazione della co2
Gli accordi volontari per la compensazione della co2Alberto Fatticcioni
 
Cena 8 settembre 2012 altermeeting
Cena 8 settembre 2012 altermeetingCena 8 settembre 2012 altermeeting
Cena 8 settembre 2012 altermeetingAlberto Fatticcioni
 
Pan final newsletter summer 2012
Pan final newsletter summer 2012Pan final newsletter summer 2012
Pan final newsletter summer 2012Alberto Fatticcioni
 
Pubblicazionelandgrabok land grabbing italia e sue responsabilità
Pubblicazionelandgrabok land grabbing italia e sue responsabilitàPubblicazionelandgrabok land grabbing italia e sue responsabilità
Pubblicazionelandgrabok land grabbing italia e sue responsabilitàAlberto Fatticcioni
 
Premio Giorgio Ambrosoli Firenze
Premio Giorgio Ambrosoli FirenzePremio Giorgio Ambrosoli Firenze
Premio Giorgio Ambrosoli FirenzeAlberto Fatticcioni
 
Quaderno apicoltura regione sardegna
Quaderno apicoltura regione sardegnaQuaderno apicoltura regione sardegna
Quaderno apicoltura regione sardegnaAlberto Fatticcioni
 

Mehr von Alberto Fatticcioni (20)

Ritorno al territorio bene comune
Ritorno al territorio bene comuneRitorno al territorio bene comune
Ritorno al territorio bene comune
 
Scelte di campo_appunti_politiche_alimentari
Scelte di campo_appunti_politiche_alimentariScelte di campo_appunti_politiche_alimentari
Scelte di campo_appunti_politiche_alimentari
 
Del futuro di slow food italia
Del futuro di slow food italiaDel futuro di slow food italia
Del futuro di slow food italia
 
Gli accordi volontari per la compensazione della co2
Gli accordi volontari per la compensazione della co2Gli accordi volontari per la compensazione della co2
Gli accordi volontari per la compensazione della co2
 
Il valore del miele
Il valore del mieleIl valore del miele
Il valore del miele
 
Legambiente malaria industriale
Legambiente malaria industrialeLegambiente malaria industriale
Legambiente malaria industriale
 
La cittá sostenibile
La cittá sostenibileLa cittá sostenibile
La cittá sostenibile
 
Cos'è l'agroecologia
Cos'è l'agroecologiaCos'è l'agroecologia
Cos'è l'agroecologia
 
Pipsea alpi apuane
Pipsea alpi apuanePipsea alpi apuane
Pipsea alpi apuane
 
Cena 8 settembre 2012 altermeeting
Cena 8 settembre 2012 altermeetingCena 8 settembre 2012 altermeeting
Cena 8 settembre 2012 altermeeting
 
Pan final newsletter summer 2012
Pan final newsletter summer 2012Pan final newsletter summer 2012
Pan final newsletter summer 2012
 
Programma altermeeting corretto
Programma altermeeting correttoProgramma altermeeting corretto
Programma altermeeting corretto
 
Programma Altermeeting Firenze
Programma Altermeeting FirenzeProgramma Altermeeting Firenze
Programma Altermeeting Firenze
 
Pubblicazionelandgrabok land grabbing italia e sue responsabilità
Pubblicazionelandgrabok land grabbing italia e sue responsabilitàPubblicazionelandgrabok land grabbing italia e sue responsabilità
Pubblicazionelandgrabok land grabbing italia e sue responsabilità
 
Bioarchitettura
BioarchitetturaBioarchitettura
Bioarchitettura
 
Agorà di polis_17-18_luglio[2]
Agorà di polis_17-18_luglio[2]Agorà di polis_17-18_luglio[2]
Agorà di polis_17-18_luglio[2]
 
Volume arsenico
Volume arsenicoVolume arsenico
Volume arsenico
 
Ecologisti san casciano
Ecologisti san cascianoEcologisti san casciano
Ecologisti san casciano
 
Premio Giorgio Ambrosoli Firenze
Premio Giorgio Ambrosoli FirenzePremio Giorgio Ambrosoli Firenze
Premio Giorgio Ambrosoli Firenze
 
Quaderno apicoltura regione sardegna
Quaderno apicoltura regione sardegnaQuaderno apicoltura regione sardegna
Quaderno apicoltura regione sardegna
 

Contadiniperscelta ceriani

  •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
  •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
  •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` ! -$.* ! ()* ! +$! .$(*.(%!5+<()!(*#.(,+"',!0#+(..#%(-#'A'%!#'%!#*(.(,+"'"'6,*"!+(%&9 >'+]!J%3.$<$'!S.$,,%!-*22%!>''5*.%,$1%!O.$+!-$!M$%-*/%!$/-$(%!/*2!#$'2'4$('0!/*22%! &3,3%2$,8!*!/*2!&*.(%,'!2*!!2$/**!-$!;'/-'!+322*!?3%2$!+$!&$+3.%!2%!2'.'!*+5*.$*/<%! -$!(''5*.%,$1%!%4.$('2%: I/!%2,.'!*+*&5$'!+'/'!2*!&*,'-'2'4$*!-$!5.'4.%&&%<$'/*!-*22%!5.'-3<$'/*!!5*.! 4*+,$.* ! ,$5'2'4$* ! * ! ?3%/,$,8 ! -$ ! ;.3,,* ! * ! '.,%44$ ! -% ! 5%.,* ! -*22% ! >''5*.%,$1%! a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
  •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`!()*!'44$!+*&#.%!(%&#$%.*!B! $2 ! ,.%-$<$'/%2* ! .%55'.,' ! -$ ! +3#%2,*./$,80 ! (32,3.%2* ! 5.$&% ! %/('.% ! ()* ! *('/'&$(' ! ,.%! (%&5%4/% ! * ! ($,,8: ! b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a'2'4/%!*!!-*22*!H#%%,!("'"3%"+3(!-$!R*..%.%: O2!!5.'4*,,'!I"+5(+,'/$#+*"3%(+,!+322%!4%.%/<$%!5%.,*($5%,%!!73/!5*.('.+'!/3'1'! -$!%3,'/'&$%!('22*,,$1%9!()*!1$*/*!+5*.$&*/,%,%!-%$!>%&5$!"5*.,$!-$!a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`!()*!,*/*1%!$/+$*&*!*.%!2%!-'//%: =44$! (6B ! $2! .$+5*,,' !* !2% !-$4/$,8 !-*22% !-'//%! /*22%! .*2%<$'/* ! ('/ !$! /3'1$! ('/,%-$/$ !@! G$%&'!%22%!5%.$0!-$(*!E$&$,.$0!('&5%4/'!-$!".$%//%: T*22* ! ;%&$42$* ! ('/,%-$/* ! ()* ! %##$%&' ! $/('/,.%,' ! $2 ! .3'2' ! -*22* ! -'//% ! B ! +*&5.*! ;'/-%&*/,%2*:!T'/!+$!2$&$,%!%-!%((3-$.*!2%!(%+%!*-!$!;$42$!&%!-8!3/!('/,.$#3,'!-$!2%1'.'! 5.'-3,,$1'!7".$%//%0!*!2*!&'42$!-$!J'/,*1*.-*!*!a',,%.$0!9!'!-$!.*--$,'!7!2*!&'42$!-$! R.%/(*+('/$!*!J'/,%/%.$!*!E%/$*2%!()*!;%!2*!,.%-3<$'/$!9:!U!%/('.!5$!+$4/$;$(%,$1'!$/! 5%.*(()$ ! (%+$ ! +'/' ! 2* ! -'//* ! $/ ! 5.$&% ! 5*.+'/% ! ()* ! ('/-3('/' ! 26%<$*/-%F ! E%&$('0! c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c.$/()*.'0!2*!+(*2,*!-$!;'/-'!$&52$(%/'!+$4/$;$(%,$1$!
  •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d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b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c.$/()*.'!*!-*22%!+3%!%22*%/<%! ('/!U%,%2e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
  • 6. 3/%!('/-$<$'/*!-$!/$(()$%!*!26%2,.%!1*.+$'/*!('&*!$2!>%+*$;$($'!G:!^$,%!'!2%!(''5*.%,$1%! O.$+!()*!L!%/()*!$/!.*2%<$'/*!%!5.'-',,'D+*,,'.*!*!%!5.'(*++$!5.'-3,,$1$!5$!('&52*++$!C!! 53/,%/'!%22%!(.*+($,%!*!+$!2%/($%/'!/*2!&*.(%,'!%++3&*/-'!&'-%2$,8!$&5.*/-$,'.$%2$!*! -$!4*+,$'/*!-$!.$+'.+*!*!-$!.*,$!('&52*++*!7+$%!-$!1*/-$,%!*!('&&*.($%2$<<%<$'/*!+$%!-$! (.*%<$'/*!-$!.*,$!-$!*('/'&$%!+'2$-%2*9: E6%2,.'/-* ! 2* ! *+5*.$*/<*0 ! -$ ! 5$(('2% ! -$&*/+$'/*0 ! +'/'0 ! ('&* ! +'+,$*/* ! ^'#*.,'! G()*22$/'0!! 2*!5$!&%.4$/%2$!*!2*!5$!5.*<$'+*0!+'/' !0"!6('*('5+<"/,+,6(#'*(-"!3#9! O2! 2$&$,*!-$!?3*+,*!*+5*.$*/<*!+,%!/*2!;%,,'!()*!;$/'!%!?3%/-'!+'/'!+35*.;23*!'!+'/'!3/! #$+'4/' ! -6*2$,*0 ! 3/ ! 5'6 ! -$+,$/,$1'0 ! )%//' ! 2* ! 4%&#* ! ('.,* ! * ! .$&%/4'/' ! -3/?3*! 3/6*('/'&$%!$/,*.+,$<$%2*!-*+,$/%,%!%!1$1%(()$%.*:! G$ ! ,.%,,*.8 ! -$ ! 1*-*.* ! +* ! ?3*+,% ! %4.$('2,3.% ! .$3+($.8 ! % ! ('&5*,*.* ! *;;$(%(*&*/,* ! ('/! ?3*22%!('/1*/<$'/%2*P!2%!+('&&*++%!+$!4$'(%!/*22%!('+,.3<$'/*!-$!.*,$!*!%22*%/<*!('&*! %/()*!&'+,.%/'!2*!"32"!("+."'2(J'/,62$"33"!7!H%22$!I/$,*0!2%!(''5*.%,$1%!(%./$!-*22%!1%2! -$!H%.%0!$2!>%+*$;$($'!G:!^$,%0!2%!>''5*.%,$1%!O.$+@:9!*!/*22'!+1$2355'!-$!3/!&'1$&*/,'! ('/,%-$/'!*!-$!+'($*,80!!/*22%!5.'&'<$'/*!-$!3/!#22!"+*(6"+%,'3,/(#$"!()*!!('$/1'24*0! $/!3/!5*.('.+'!-$!23/4'!5*.$'-'!*!-%2!#%++'0!/'/!+'2'!! $+,$,3<$'/$!5'2$,$()*!*!,*(/$('! 5.';*++$'/%2$ ! &% ! +*,,'.$ ! (.*+(*/,$ ! -$ ! V+'($*,8 ! +*/+$#$2*W ! 5*. ! 5.'+5*,,%.* ! '.$<<'/,$ ! -$! ;3,3.'0 ! $&5*4/%/-' ! +,.%,*4$* ! -$ ! #2'((' ! -*2 ! -*4.%-' ! 1*.+' ! $2 ! .$5.$+,$/' ! -*22% ! ?3%2$,8! +'($%2*:! ! !J%++$&'!>*.$%/$0!S$3+*55*!>%/%2*! ! !