Sie sind auf Seite 1von 21

Editorial

Editorial Weiter in diesem Heft:


Vorstand: GV und neues Mitglied
/LHEH/HVHULQOLHEHU/HVHU 6SRQVRUHQODXI hEHUUDVFKHQGHU(UIROJ
Junioren C: Regionalmeister!!!
(OLWH$ $FWLRQLP6RPPHU
Damen WM: Ein Rückblick
)HVWH 6RZDU¶VVRZLUG¶VZHUGHQ
Funteam: Aufsteigen verboten!

'LH0LWJOLHGHUYHUVDPPOXQJLP0DLZDU
VFKXOG)UHLQPDONDPHLQ*URVVWHLODOOHU
0LWJOLHGHU XQG GLH ZlKOWHQ PLFK GRFK
HLQVWLPPLJ ]XP QHXHQ 6SRUWFKHI YRQ Wichtige Adressen:
%ODFK)ORRUEDOO6FKDGHGHQQHLJHQWOLFK 3UlVLGHQW 6WpSKDQH*HVOLQ6FKXOKDXVVWU+RFKIHOGHQ
KlWWHLFKJHUQHQRFKHLQ%LVVFKHQZHLWHU 30
©ElFNKlQGOHWª$EHU ZDV JHWDQ ZHUGHQ SUDHVLGLXP#EXHODFKÀRRUEDOORUJ
PXVVPXVVJHWDQZHUGHQ(LQMXQJHUXQG
lXVVHUVWHQJDJLHUWHU1DFKIROJHUKDEHLFK $NWXDU 0DQXHOD:ROIHU1HXZHJ'EHQGRUI
DEHUVFKRQQRFKJHIXQGHQ5HPR7ULQNOHU VHNUHWDULDW#EXHODFKÀRRUEDOORUJ
GHU DXI GHU QlFKVWHQ 6HLWH HWZDV QlKHU
YRUJHVWHOOWZHUGHQVROOZLUGGDV%DFNKDQG 6SRUWFKHI 0DUFR.UlPHU%DKQKRIVWU1LHGHUJODWW
XQG GLH UHVWOLFKHQ NRPPXQLNDWRULVFKHQ 30
$XIJDEHQLP9HUHLQLQGHUQlFKVWHQ6DL- PDQDJHPHQW#EXHODFKÀRRUEDOORUJ
VRQ]XU=XIULHGHQKHLWDOOHUZHLWHUIKUHQ
'DYRQELQLFKEHU]HXJW 6SRUWFKHI-XQLRUHQ 5HPR0DQVHU%DKQKRIVWU1LHGHUJODWW
30
0HLQH OHW]WH$XVJDEH ZLGPH LFK GHQ
YLHOHQ$NWLYLWlWHQGLHLQGLHVHP6RPPHU 0DUNHWLQJ 6DQGUR1|W]OL:LEHUJVWUD%ODFK
ELVKHU EHU GLH %KQH JLQJHQ XQG QRFK 30
JHKHQZHUGHQ$EHUDXFKXQVHU)XQWHDP PDUNHWLQJ#EXHODFKÀRRUEDOORUJ
VROO LQ GLHVHP +HIW HLQPDO QRFK VHLQHQ
JHEKUHQGHQ3ODW]HUKDOWHQ )LQDQ]FKHI 7KRPDV6FKPLWWHU)OLHGHUZHJ%ODFK
3
)U GDV /HVHQ PHLQHU OHW]WHQ +HIWH IU
¿QDQ]HQ#EXHODFKÀRRUEDOORUJ
GLH YLHOHQ ,QSXWV GLH DNWLYH 0LWKLOIH
DOOHU 6FKUHLEHUOLQJH XQG EHVRQGHUV IU 3UHVVHFKHI 5HPR7ULQNOHU5XHELVEDFKVWU.ORWHQ
GLH8QWHUVWW]XQJGXUFK/D\RXWHU6DPSR 30
/HQ]LXQG9HUWHLOHU%HDW.HOOHUP|FKWHLFK PHGLHQ#EXHODFKÀRRUEDOORUJ
PLFK KHU]OLFK EHGDQNHQ ,FK IUHXH PLFK
MHW]WVFKRQDXIGLHHUVWH$XVJDEHPHLQHV
1DFKIROJHUV9LHO(UIROJ5HPR
Ansprechpersonen der Teams:
$OOHV*XWH +HUUHQ 5RODQG)XVWURODQGIXVW#EXHODFKÀRRUEDOORUJ
Marco Krämer 'DPHQ .DUO6XEDNDUOVXED#EXHODFKÀRRUEDOORUJ
+HUUHQ 0DUFHO:lOWHPDUFHOZDHOWH#EXHODFKÀRRUEDOORUJ
'DPHQ 3DWUL]LD7UOOLQJHUSDWUL]LDWUXHOOLQJHU#EXHODFKÀRRUEDOORUJ
)XQWHDP 0DWWKLDV%LOOPDWWKLDVELOO#EXHODFKÀRRUEDOORUJ
2I¿]LHOOHV&OXERUJDQYRQ%ODFK)ORRUEDOO
(OLWH 5HPR0DQVHUUHPRPDQVHU#EXHODFKÀRRUEDOORUJ
(UVFKHLQW PDOLP-DKU
$XÀDJH ([HPSODUH -XQLRUHQ$ 6WpSKDQH*HVOLQVWHSKDQHJHVOLQ#EXHODFKÀRRUEDOORUJ
5HGDNWLRQVOHLWXQJ 0DUFR.UlPHU -XQLRULQQHQ$ 3DWUL]LD7UOOLQJHUSDWUL]LDWUXHOOLQJHU#EXHODFKÀRRUEDOORUJ
/HLWXQJ,QVHUDWH 6DQGUR1|W]OL
/D\RXW ZZZWZLQGHVLJQFK -XQLRUHQ% 0DUWLQ=DXJJPDUWLQ]DXJJ#EXHODFKÀRRUEDOORUJ
'UXFN &RS\SULQW%ODFK
&OXE3RVWNRQWR  -XQLRUHQ& 5HWR9|JHOLUHWRYRHJHOL#EXHODFKÀRRUEDOORUJ
ZZZEXHODFKÀRRUEDOORUJ
-XQLRUHQ' 6WHIDQLH0HLVWHUVWHIDQLHPHLVWHU#EXHODFKÀRRUEDOORUJ

2
9RUVWDQG

09²5RWH=DKOHQ ZXUGHLP$QVFKOXVV5HPR7ULQNOHU
JHZlKOW /HLGHU ZHLWHUKLQ YDNDQW
EOHLEW GLH 6WHOOH GHV$QOlVVHFKHIV

XQG.|SIH ZDV HLQHQ ULHVLJHQ 0HKUDXIZDQG


IU 3UlVLGHQW 6WpSKDQH *HVOLQ PLW
'LH6DLVRQLVWYRUEHLXQGZDUDXIVSRUWOLFKHU VLFK EULQJW 'HU 9RUVWDQG DSSHO
(EHQHVLFKHUHLQ(UIROJ$GPLQLVWUDWLYKDWZLHGHUHLQPDO OLHUWH GDKHU DQ GLH 0LWJOLHGHU VLFK
DXFKDNWLYDQGHU6XFKHQDFKHLQHP
HLQLJHVQLFKWJHNODSSWXQGDXFK¿QDQ]LHOOVDKHVGLHVHV-DKU
$QOlVVHFKHIIU%ODFK)ORRUEDOO]X
HKHUVFKOHFKWDXV$QGHU09LP0DLZXUGHQGLH0LWJOLHGHU EHWHLOLJHQ
EHUGDV:LFKWLJVWHLQIRUPLHUW=XUHGHQJDEHQYRUDOOHPGLH
KRKHQ+DOOHQNRVWHQ
5HPR7ULQNOHU
0DUFR .UlPHU =XP HUVWHQ 0DO LQ DXFKDQJHQRPPHQZXUGH(VVHLHLQ 'HUQRFKMXQJHDEHUlXVVHUVWPRWL
GHU9HUHLQVJHVFKLFKWHIDQGGLH0LW =LHO DXI QlFKVWHV -DKU HLQH JHQDXH YLHUWH QHXH 3UHVVHFKHI YRQ %ODFK
JOLHGHUYHUVDPPOXQJQLFKWDP6DPV .RVWHQ1XW]HQ5HFKQXQJIUMHGHV )ORRUEDOOVWHOOWVLFKNXU]YRU
WDJ 1DFKPLWWDJ VRQGHUQ DQ HLQHP 7HDP SUlVHQWLHUHQ ]X N|QQHQ YHU 6WHFNEULHI6HNXQGDUVFKXODEVFKOXVV
0RQWDJ$EHQG VWDWW$QVFKHLQHQG VSUDFKGHU9RUVWDQGLP1DFKKLQHLQ LQ WHQ /HKUMDKU DOV ,QIRUPDWLNHU
HLQHJXWH:DKOGHQQHVHUVFKLHQHQ =XGHPP|FKWHGHU9HUHLQZHLWHUKLQ %HL*LDQWV.ORWHQDQJHIDQJHQ8QL
EHUVWLPPEHUHFKWLJWH0LWJOLHGHU PLW $NWLRQHQ ZLH GHP NU]OLFK KRFNH\]XVSLHOHQ GDZDUGHU'DQL
ZDVHLQQHXHU7HLOQDKPHUHNRUGEH YHUDQVWDOWHWHQ6SRQVRUHQODXIZLHGHU 0HLHUVRJDUQRFKLQGHU1/$ 6SLW]
GHXWHWH9LHOOHLFKWZDUHQHVDEHUDXFK DXI HLQHQ ILQDQ]LHOO HUIROJUHLFKHQ QDPHQYLHO]XYLHOH7ULQNOHU7ULQN\
GLHSULVDQWHQ7KHPHQGLHLP9RUIHOG :HJ]XUFN¿QGHQ 0F7ULQNHPDVWD HWF /HEHQVPRWWR
GHU 09 GLVNXWLHUW ZXUGHQ XQG VR KDEHLFKHLJHQWOLFKNHLQHV 6SDVVXQG
YLHOH,QWHUHVVLHUWHLQGHQ5DXP )UHXGH DP /HEHQ KDEHQ  9RUVWDQG
LQGHU.DQWRQVVFKXOH%ODFKORFNWHQ 1HXHV9RUVWDQGVPLWJOLHG %),FKVHKHGLH$UEHLWLP9RUVWDQG
6RZDUPDQGDQQDXFKJHVSDQQWZDV HLQVWLPPLJJHZlKOW DOVHLQH+HUDXVIRUGHUXQJXQGP|FK
GHU9RUVWDQG]XUVFKOHFKWHQ-DKUHV :HQLJHU]XGLVNXWLHUHQJDEGLH:DKO WHPLWKHOIHQGHQ9HUHLQ]X©SXVKHQª
UHFKQXQJ]XVDJHQKDWWH GHU9RUVWDQGVPLWJOLHGHUZHQQJOHLFK )U PHLQH$PWV]HLW P|FKWH LFK VR
GHU9RUVWDQGQLFKWNRPSOHWWEHVHW]W YLHOZLHP|JOLFKSRVLWLYHVEHZLUNHQ
ZHUGHQ NRQQWH ,Q LKUHQ bPWHUQ N|QQHQ'LH3RSXODULWlWYRQ%ODFK
0LWJOLHGHUEHLWUDJVHUK|KXQJ EHVWlWLJW ZXUGHQ 6WpSKDQH *HVOLQ )ORRUEDOOPXVVEHVVHUZHUGHQGDPLW
XQXPJlQJOLFK DOV 3UlVLGHQW 0DQXHOD :ROIHU DOV GLH$N]HSWDQ] VWHLJW XQG VR PHKU
0LW HLQHP 0LQXV YRQ UXQG  $NWXDULQ6DQGUR1|W]OLDOV0DUNH =XVFKDXHUXQG6SRQVRUHQJHZRQQHQ
)UDQNHQ OLHJW GHU 5HFKQXQJVDE WLQJFKHIXQG7KRPDV6FKPLWWHUDOV ZHUGHQ N|QQHQ =LHOH $XIVHKHQ
VFKOXVVUXQG)UDQNHQVFKOHFK )LQDQ]FKHI (EHQIDOOV LP 9RUVWDQG LQ GHQ 0HGLHQ VSRUWOLFKH (UIROJH
WHUDOVEXGJHWLHUW'HUKRKH9HUOXVW EHVWlWLJWZXUGH0DUFR.UlPHUGHU VRZLHVSH]LHOOH©$WWUDNWLRQHQª(V
VHL QHEHQ GHQ JHVWLHJHQHQ 5HLVH DEHU QHX GDV$PW GHV 6SRUWFKHIV PXVVIUPHKU8QWHUKDOWXQJJHVRUJW
NRVWHQ GHU7HDPV DXI GLH PHUNOLFK EHUQLPPW =XP QHXHQ 3UHVVHFKHI ZHUGHQ
K|KHUHQ +DOOHQNRVWHQ LQ %ODFK
]XUFN]XIKUHQ =XGHP PVVH GLH
HUVWH 0DQQVFKDIW XQG GLH -XQLRUHQ
ZHJHQGHP0DQJHODQ+DOOHQ]HLWHQ
LQ %ODFK DXI =ULFK DXVZHLFKHQ
ZDV HLQLJHQ ¿QDQ]LHOOHQ 0HKUDXI
ZDQGPLWVLFK]LHKHVDJWH)LQDQ]
FKHI 7KRPDV 6FKPLWWHU 8P HLQ
DXVJHJOLFKHQHV%XGJHWIUGLHQHXH
6DLVRQ SUlVHQWLHUHQ ]X N|QQHQ
VFKOXJGHU9RUVWDQGHLQH(UK|KXQJ
GHU 0LWJOLHGHUEHLWUlJH YRU ZDV
YRQGHQ$QZHVHQGHQQDFKKHIWLJHQ 5HPR7ULQNOHU'HUQHXH
'LVNXVVLRQHQEHUGLH)DLUQHVVGHU 0DQQDP.RPPXQLNDWL
.RVWHQYHUWHLOXQJ EHL GHQ 7HDPV RQV6WHXHU


:HUEXQJ

  


 


9LVXHOOH0HGLHQJHVWDOWXQJ
ZZZWZLQGHVLJQFK
6SRQVRUHQODXI

6SRQVRUHQODXI
'DVZDU©PLWHQDQGIUHQDQGªSXU
GLHVHP7XUQLHUYHUDQVWDOWHWH%ODFK
$P6DPVWDJ0DLZDULQGHU.DQWRQVVFKXOH%ODFKHLQLJHVORV )ORRUEDOOHLQHQ6SRQVRUHQODXI)HOL[
'HU WUDGLWLRQHOOH 5DLIIHLVHQ&XS IU 3ULPDUVFKOHU GHU 5HJLRQ VRZLH GHU +ROOHQVWHLQ .HYLQ %DFKPDQQ 0L
6SRQVRUHQODXIYRQ%ODFK)ORRUEDOOORFNWHQ]DKOUHLFKH=XVFKDXHUDXIGDV FKDHO=UFKHU$QGUHD6FKPLGKDXVHU
)HVWJHOlQGH'HU6FKZHLVVOLHILQ6WU|PHQXQGGHUHUODXIHQH*HVDPWEHWUDJ 5ROI+LOWHEUDQGXQG*DEULHO/HQJHQ
EHUWUDIGLH(UZDUWXQJHQ ²VLHDOOHOLHIHQIU%ODFK)ORRUEDOO
XQG]XJXQVWHQQLHUHQNUDQNHU.LQGHU
'DQHEHQ OHJWHQ QDWUOLFK DXFK DOOH
7HDPVGHU%ODFK)ORRUEDOO)DPLOLH
YRQ GHU 1/%(TXLSH ELV ]X GHQ '
-XQLRUHQ LKUH 5XQGHQ LQ GLH P
%DKQ 'LH HUVWPDOLJH$XVWUDJXQJ
GLHVHV$QODVVHVNDQQDOVYROOHU(UIROJ
JHZHUWHWZHUGHQXQGZLUGVLFKHUOLFK
HLQH:LHGHUKROXQJ¿QGHQ0LWHLQHP
'ULWWHOGHVJHVDPWHQHUODXIHQHQ%H
WUDJHVXQWHUVWW]W%ODFK)ORRUEDOOYLD
©.LGV.LGQH\&DUHªHLQ)HULHQODJHU
IUMXJHQGOLFKH'LDO\VHSDWLHQWHQ'LH
$EVFKOXVVUHFKQXQJGLHYRQ2UJDQLVD
WRU.DUO8UHFKDQGHU09SUlVHQWLHUW
ZXUGH YHUVSUDFK HLQHQ %HWUDJ YRQ
UXQGµ)UDQNHQ:LHYLHOGDQQ
WDWVlFKOLFKDXFKHLQEH]DKOWZLUGZLUG
VLFKLQGLHVHQ0RQDWHQ]HLJHQ
'LHNOHLQVWHQLP9HUHLQ$QVWHQJHQGZDU¶VDEHUGHU(LQVDW]KDWVLFKJHORKQW %ODFK )ORRUEDOO EHGDQNW VLFK DXI
MHGHQ )DOO VFKRQ PDO KHU]OLFK EHL
DOOHQ 7HLOQHKPHUQ GHV 6SRQVRUHQ
'RPLQLN:LOG0LWGHP5DLIIHLVHQ GHU 5DLIIHLVHQEDQN =UL8QWHUODQG ODXIV GHQ JURVV]JLJHQ 6SHQGHUQ
&XS RUJDQLVLHUWH %ODFK )ORRUEDOO VWHKWhEHU6FKOHUXQG6FKOH GHQ MXQJHQ 8QLKRFNH\&UDFNV GHV
]XPZLHGHUKROWHQ0DOHHLQVSDQQHQ ULQQHQ VSLHOWHQ GDEHL HQJDJLHUW XQG 5DLIIHLVHQ&XSVDOOHQ+HOIHUQXQG
GHV8QLKRFNH\WXUQLHUIU3ULPDUVFK PLW YROOHP (LQVDW] XP 5XKP XQG DOOHQ =XVFKDXHUQ IU LKUHQ (LQVDW]
OHUGHU5HJLRQGDVXQWHUGHP3DWURQDW (KUH XQG WROOH 3UHLVH 3DUDOOHO ]X XQGGHQ%HVXFKGLHVHU$QOlVVH

%)3UlVLGHQW *HVOLQ XQG 0DULO\Q =HOOHU YRQ ©.LGV .LGQH\ 'LH7HLOQHKPHUGHV9LS/DXIV'HU9RUVWDQGYRQ%)]XVDPPHQ


&DUHªIUHXWHQVLFKEHUGHQJHOXQJHQHQ$QODVV PLW3URPLQHQ]DXV6SRUW3ROLWLNXQG:LUWVFKDIW


:HUEXQJ

.JUVOTCMFJCFO4JFBN
'MPPSCBMM .JU4JDIFSIFJU
*NQFSTÚOMJDIFO(FTQSÊDITVDIFJDINJU
NFJOFO,VOEJOOFOVOE,VOEFOEJFJOEJWJEVFMMF
7FSTJDIFSVOHTMÚTVOH (FSBEFVOTFSFOFVF
)BVTIBMUWFSTJDIFSVOH.PCJ$BTB.VMUJSJTL
CJFUFUWJFMF.ÚHMJDILFJUFO

)BCFOXJS*IS*OUFSFTTFHFXFDLU 3VGFO4JF
NJDIBO

(FOFSBMBHFOUVS#àMBDI
,BTFSOFOTUSBTTF #àMBDI
5FMFGPO
(JMCFSUP.BTDJVMMJ &.BJMCVFMBDI!NPCJDI
*IS7FSTJDIFSVOHTCFSBUFSJO#àMBDI XXXNPCJCVFMBDIDI #("


-XQLRUHQ&

5HJLRQDOPHLVWHU 0DQZXVVWHGDVGHU6LHJDP9RUWDJ
QLFKW VHKU EHGHXWHQG ZDU XQG GDV
PDQ QRFKPDOV DOOHV JHEHQ PXVVWH
'LH-XQLRUHQ&0DQQVFKDIWYRQ%ODFK)ORRUEDOOKDWGDV
(VEHJDQQVXSHU%ODFKVSLHOWHNRQ
XQP|JOLFKHP|JOLFKJHPDFKWVLHKROWHQVLFK(QGH$SULO ]HQWULHUWXQGNRQQWHPLWLQ)K
GHQ5HJLRQDOPHLVWHU7LWHO'LHVDXIHLQGUFNOLFKH:HLVH UXQJJHKHQ'RFK]HKQ0LQXWHQYRU
6LHKDEHQLQGLHVHU6DLVRQDOOH6SLHOHJHZRQQHQ(LQ 6FKOXVVGUFNWH*&QRFKPDOVULFKWLJ
5FNEOLFNDXIGLH)LQDOUXQGHLQ5HLQDFK XQG NDP ELV DXI  KHUDQ 'RFK
%OLIDVVWHVLFKZLHGHUXQGNRQQWH
LKUH)KUXQJZLHGHUDXVEDXHQ$P
6FKOXVV JHZDQQ %ODFK )ORRUEDOO
OHW]WHQGOLFKEHUUDJHQGPLWXQG
VLQGGDPLW5HJLRQDOPHLVWHU
(LQPDOLJLQGHU
9HUHLQVJHVFKLFKWH
'LHV VFKDIIWH ]XYRU QRFK QLH HLQH
-XQLRUHQ 0DQQVFKDIW YRQ %ODFK
)ORRUEDOO/HW]WHV-DKUQRFK]ZHLW
OHW]WHUXQGMHW]WVRZDVXQJODXEOLFK
'LH 6SLHOHU KDWWHQ QDWUOLFK HLQH
ULHVLJH)UHXH'LHVZXUGHGDQQDXFK
DXVJLHELJJHIHLHUW«
'LHVHU ULHVLJH (UIROJ KDW HLQ SDDU
*UQGH(LQHUVHLWVGLHGUHLEHUUD
JHQGHQ6SLHOHU$GULDQ.LOFKHQPDQQ
5RJHU 6FKHOOHQEHUJ XQG &KULVWRSK
0HLHU$EHUQXUPLWGLHVHQGUHL6SLH
OHUZlUHGLHVHU(UIROJQLH]XVWDQGH
JHNRPPHQ GHQQ GLH -XQLRUHQ&
YHUIJWHQEHUHLQH[WUHPDXVJHJOL
FKHQHV7HDP'DQQLVWVLFKHUDXFK
6WRO]XQG GHU JXWH 7HDPJHLVW HLQ ZHLWHUHU
JOFNOLFK« *UXQG
GHQ3RNDO 'LH -XQLRUHQ EHGDQNHQ VLFK DXFK
KDEHQVLFK QRFKEHLGHQ]DKOUHLFKPLWJHNRPPH
GLH-XQJV
QHQ)DQVGLHXQVVXSHUXQWHUVWW]W
YHUGLHQW
KDEHQ

6WHIDQ8UHFK'LH]ZHL*UXSSHQVSLH
OHDP6DPVWDJZXUGHQVHQVDWLRQHOO
JHZRQQHQJHJHQ/RN5HLQDFK
XQGJHJHQ*&8QLKRFNH\'LHV
EHGHXWHWH GHQ *UXSSHQVLHJ LQ GHU
*UXSSH $P 6RQQWDJ VWDQG GHU
+DOEILQDO JHJHQ $DUZDQJHQ DXI
GHP 3URJUDPP (V ZDU HLQ KRFK
VWHKHQGHV6SLHOEHLGHPEHLGHLKUH
&KDQFHQKDWWHQ6REDOGDEHU%ODFK
DXI ]ZHL %O|FNH XPVWHOOWH XP GLH
EHVWHQ .UlIWH ]X IRUFLHUHQ ZDUHQ
VLHGRFKNODUEHUOHJHQXQGNRQQWHQ
GDV6SLHODXFKPLWJHZLQQHQ,P
)LQDOWUDI%ODFK)ORRUEDOODXI*& 8QVFKODJEDUELV]XP(QGH5HJLRQDOPHLVWHU


:HUEXQJ

    


     
 







 
   


(OLWH

'DV*UXSSHQIRWRYRUGHU6FKODFKW

6FKXVVWUDLQLQJHLQPDO 7ULQNOHU IHXHUWH ZLH HLQ ZLOGHU DXI


GLHEHVDJWH6WHOOHZRUDXIVLFKLQQHU
KDOEYRQZHQLJHQ6HNXQGHQ+lQGH

DQGHUV KLQWHUGHP*HEVFKHUKREHQXQG
PDO©2XWª]XK|UHQZDUZDVEHGHX
:HQQVLFKGLH(OLWH-XQJVXP7UDLQHU0DQVHULP6RPPHU WHWHGDVVVLHJHWURIIHQZXUGHQ
WUHIIHQGDQQZLUGQLFKWQXUKDUWWUDLQLHUW$XFKDXVVHUKDOEGHU
+DOOHLVWGDVHUIROJUHLFKH7HDPNUHDWLYXQGYROOHU(QHUJLH %ODFKXQVFKODJEDU
=ZHL%HLVSLHOHJHIlOOLJ" $XFKDXIGHUDQGHUHQ)ODQNHDUEHLWH
WHQVLFKGLH%ODFKHUNRQWLQXLHUOLFK
5HPR7ULQNOHU 'HU6DLVRQDEVFKOXVV .RPPXQLNDWLRQZLHDXIGHP YRUXQGVRK|UWHPDQQDFKZHQLJHQ
 (YHQW GHU (OLWH -XQLRUHQ %HLP 8QLKRFNH\IHOG 0LQXWHQHLQODXWHV©*DPH2YHUª
3DLQWEDOO LP DDUJDXLVFKHQ :RKOHQ YRP*DPHPDVWHU8QGDOVVLFKDXV
IHXHUWH GDV HUIROJUHLFKH 7HDP GHU 1DFKGHPXQV GHU *DPHPDVWHUPLW GHQ'HFNXQJHQLQVJHVDPW%OD
OHW]HQ6DLVRQQRFKHLQPDODXVDOOHQ 6SUFKHQZLH©ZlQQRLVRQHV)DUE FKHUHUKREHQZXVVWHQZLUZLUKDWWHQ
5RKUHQ )UK 0RUJHQV XP  8KU FKJHOL LV$XJ VSLFNW EOLLEWV GlQQ VLH+$86+2&+YHUQLFKWHW
PDFKWHQ  PXWLJH .ULHJHU VLFK HUVFKW LUJHQGZR ]ZVFKHW *URVV 1DFKMHZHLOVNXU]HQ3DXVHQZXUGH
DXI GHQ XQEHNDQQWHQ *HJQHUQ GDV XQG&KOLKLUQVWHFNHª]XP7UDJHQGHU 0DWFK XP 0DWFK JHVSLHOW LPPHU
)UFKWHQ]XOHKUHQ8P8KUVWDQG 6FKXW]PDVNHDXIIRUGHUWHXQGDXFK VRODQJH ELV YRP HLQHQ 7HDP DOOH
PDQ HWZDV DXVVHUKDOE YRQ :RKOHQ GHQ 5HVW GHU 5HJHOQ HUNOlUW KDWWH JHWURIIHQ ZDUHQ 'HU 6LHJHU EOLHE
DQHLQHP:DOGUDQGXQGZDUWHWHDXI NRQQWHGHU.DPSIORVJHKHQ©6H LPPHU GHU JOHLFKH ZLH LP HUVWHQ
GLH*HJQHU'LHVHWUDIHQGDQQDXFK FRQGV*RªXQGDOOHUDQQWHQ 0DWFK8QGZLHLP8QLKRFNH\DXFK
HLQ2EZRKOVLHPLWGUHLPDOPHKU TXHU EHUV 6SLHOIHOG XQG VXFKWHQ KDWWH MHGHU VHLQH 5ROOH JHIXQGHQ
$XWRVDQUHLVWHQDOVZLUZDUHQVLH 'HFNXQJ'DVV.RPPXQLNDWLRQDXI 6FKQHHEL ]% ZDUWHWH MHZHLOV DP
3HUVRQHQZHQLJHUZROOWHQDEHUGHQ GHP6SLHOIHOGZLFKWLJLVWZHLVVHLQ OLHEVWHQ LQ GHU HUVWHQ 6WHOOXQJ XQG
QRFKNHLQHJHPLVFKWHQ7HDPVELOGHQ JXWHU8QLKRFNH\DQHUQDWUOLFKXQG FKHFNWHHWZDVGLH/DJHDEZlKUHQG
VRQGHUQ GLUHNW JHJHQ XQV DQWUHWHQ VRLQWHUSUHWLHUWH7ULQNOHUGLH=HLFKHQ &RFRXQG7ULQNOHUVLFKGLH0LVVLRQ
HLQH(QWVFKHLGXQJGLHVLHQRFKELWWHU VHLQHV7UDLQHUVULFKWLJGHU*HJQHU ©%HKLQGHQHP\OLQHVª]XU$XIJDEH
EHUHXHQVROOWHQ KLQWHU HLQHP *HEVFK YHUPXWHWH PDFKWHQ 7RUKWHU 0DWKLHX JHQRVV


(OLWH

HVVLFKWOLFKPDOQLFKWDQHLQHP2UW
VLW]HQ ]X PVVHQ XQG UDQQWH VWHWV
TXHUIHOGHLQGXUFKV*HOlQGH$OELWDW
VLFK DOV 6FKDUIVFKW]H KHUYRU XQG
+RSIHJHODQJVRJDUHLQVRJHQDQQWHU
©6DYH.LOOªZDVVRYLHOKHLVVWZLH
GDVVHUVLFKLQGHQ5FNHQGHV*HJ
QHUVJHVFKOLFKHQKDWWHXQGGLHVHQ]XU
$XIJDEH]ZDQJ

%LV]XPELWWHUHQ(QGH
,QGHUOHW]HQ5XQGHVKLHVVHVGDQQ
©7RWDO(OLPLQDWLRQªRGHU]X'HXWVFK
:HLWHUVFKLHVVHQELVGHU*HJQHUQDFK
VHLQHU0DPLUXIW'DDXFKLQGLHVHP
0DWFK XQVHUH *HJQHU EDOG HLQPDO
DOOH GUDXVVHQ ZDUHQ KLHVV HV QXQ
DOOHJHJHQDOOH-HGHUIHXHUWHZDVHU
QRFKDQ0XQLWLRQKDWWHELVQXUQRFK
6FKPLG XQG 0lQVH DXI GHP )HOG
ZDUHQ'LHVHEHLGHQEHVFKHUWHQVLFK
QRFK JHJHQVHLWLJ HLQLJH EODXH )OH
FNHQEHYRUGHU(YHQW]X(QGHZDU
(VZDVHLQYROOHU(UIROJMHGHUGHU
GDEHLZDUKDWWHULHVLJHQ6SDVVXQG
GLHYLHOHQNOHLQHQ:XQGHQZXUGHQ :R&RFRGLHVHQ7UDLQHUZRKODXVJHJUDEHQKDW"
ZLHLQHLQHP8QLKRFNH\VSLHOJHUQH
LQ .DXI JHQRPPHQ (LQ ZHLWHUHU ZHLWHU:HUNHQQWVLHQLFKWGLH©=lO 'HQQGLH(OLWH-XQLRUHQYRQ%ODFK
7DJ DOVR GHU GHQ %ODFKHUQ (OLWH JOLEXHEHª YRP 69 :LOHU (UVLJHQ" )ORRUEDOO N|QQHQ HV DXFK DP :R
-XQLRUHQQRFK ODQJH LQ(ULQQHUXQJ 0lWKX&KULVFKLXQG&RYHUEUDFKWHQ FKHQHQGHQLFKWODVVHQXQGEUDXFKHQ
EOHLEHQZLUG LKUH-XJHQGGUDXVVHQEHLP&KQHEOl LKUH([WUDSRUWLRQ8QLKRFNH\%HLQD
XQGMHW]WJHK|UHQVLH]XGHQEHVWHQ KHMHGHV:RFKHQHQGHZLUGGHUQHXH
8QLKRFNH\VSLHOHUQGHU:HOW URWH3ODW]LQ+|ULXQVLFKHUJHPDFKW
+|ULEXHEl %HL %ODFK K|UW PDQ MHGRFK VHLW *HJHQ6SLHOVFKWLJHVLQGLPPHU
$P :RFKHQHQGH JHKW GLH 6XFKW QHXHVWHP QLFKW YRQ GHQ =lOJOLEX YRU2UWJHVSLHOWZLUGHQWZHGHUPLW
GHV6SLHOHQVEHLGHQ(OLWH-XQLRUHQ HEHQ VRQGHUQ YRQ GHQ +|ULEXHEl ]ZHL 0DQQVFKDIWHQ RGHU PLW  LP
5RWLHUPRGXV ZHU]XHUVW7RUHEH
NRPPWPXVVUDXV (VNRPPWVRJDU
YRUGDVVPDQDP6DPVWDJPLWWDJEHL
HLQSDU%LHUFKHQVLFKDXIGHQ$EHQG
YRUEHUHLWHWXQGDXFKHLQHQ7DJQDFK
GHU-HWV1LJKWZDUPDQVLFKQLFKW]X
VFKDGHQRFKHLQ]ZHL3DUWLHQDXV]X
WUDJHQ'LH/DXIDUEHLWMHGRFKOLHVV
]XZQVFKHQEULJ
7UDLQHU0DQVHUOHLWHWHGDVJDQ]HLQ
GLH:HJHGHQQPDQP|FKWHLQGHU
]ZHLWHQ YLHO VFKZLHULJHUHQ 6DLVRQ
JHZDSSQHWIUGLH*HJQHUVHLQ
:HUZHLVVYLHOOHLFKWVSULFKWLQ=X
NXQIWNHLQHUPHKUYRQGHQ=lOJOLV
VRQGHUQ HLQIDFK ©YR Gl +|ULEXH
$OELLQG1LFRKDEHQVLFKYHUVFKDQW]W Elª


:HUEXQJ


'DPHQ:0

'HUH[NOXVLYH:05FNEOLFN
=XPOHW]WHQ0DOHUW|QWHLPEHHLQGUXFNHQGHQ6LQJDSXU,QGRRU6WDGLXPGLH6FKOXVVVLUHQH
$XVXQGYRUEHL'LH6FKZHL]LVW:HOWPHLVWHU'LH'DPHQ:0LQ6LQJDSXULVWYROOJHSDFNWPLW
(LQGUFNHQXQG(ULQQHUXQJHQDQLKUHP(QGHDQJHODQJW,QHLQHPH[NOXVLYHQ:05FNEOLFN
YHUVXFKHQZLUGLHVSH]LHOOH$WPRVSKlUHDQGHUHUVWHQ:HOWPHLVWHUVFKDIWDXVVHUKDOE(XURSDV
]XVFKLOGHUQ9RU2UWZDUHQ'RPLQLN:LOGXQG0DUFHO9RONDUW(LQGUFNOLFKH%LOGHUJLEW¶VDXI
ZZZEXHODFKÀRRUEDOORUJ
DXI3DVVYRQ/LVHGDVHUVWH7RUGHV
7XUQLHUVVFKRVV$XFKJHZ|KQXQJV
EHGUIWLJZDUGDVVGLH%H]HLFKQXQJ
IUGLH(KUXQJGHUEHVWHQ6SLHOHULQ
HLQHV6SLHOVLQ6LQJDSXUVHOEVWDQHL
QHU'DPHQ:0©0DQRIWKHPDWFKª
KHLVVW .RQVHTXHQWHUZHLVH ZXUGH
GHQ DXVJH]HLFKQHWHQ 6SLHOHULQQHQ
QDWUOLFKDXFKHLQ76KLUWPLWGLHVHP
$XIGUXFNEHUUHLFKW
'LH2UFKLG$UP\
,P 6WDUWVSLHO WUDIHQ GLH *DVWJHEH
ULQQHQ DXI GHQ JURVVHQ$XIVWLHJV
IDYRULWHQ 'lQHPDUN 'LH 2UFKLGV
GLH2UFKLGHHLVWGLH1DWLRQDOEOXPH
6LQJDSXUV ZHVKDOE VLFK DXFK GDV
'HU2UWGHV*HVFKHKHQV6LQJDSXU
7HDPVRQHQQW]HLJWHQDQJHIKUWYRQ
1LFKW QXU ZHLO LQ 6LQJDSXU OLQNV GHU/RFDOVGLHGXUFKZHJVPLWODQJHQ LKUHP6XSHUVWDU-LOO4XHNJHJHQGLH
JHIDKUHQZLUGVRQGHUQDXFKZHLOGLH +RVHQXQWHUZHJVVLQG0VVHQGLHVH 'lQLQQHQHLQHVWDUNH/HLVWXQJXQG
7D[LIDKUHUVFKHLQEDUDXVVHUGHU*H DOOHUGLQJV PDO DXI GHQ %XV UHQQHQ ZDUHQ GHP 6LHJ VRJDU QlKHU GRFK
VFKZLQGLJNHLWVOLPLWHNHLQH*HVHW]H RGHU.LVWHQVWDSHOQÀLHVVWDXFKEHL PDQ WUHQQWH VLFK  'DV H[WUHP
NHQQHQRIIHQEDUWHQVFKRQGLHHUVWHQ LKQHQGHU6FKZHLVVLQ6WU|PHQZR EHJHLVWHUXQJVIlKLJH 3XEOLNXP WUXJ
0LQXWHQ6LQJDSXUHLQLJHDXIUHJHQGH GXUFK PDQ GDQQ GRFK DXFK HLQPDO VHLQHQ7HLO]XHLQHPXQWHUKDOWVDPHQ
XQG XQJHZRKQWH 0DQ|YHU ,Q GHU OlVVLJ]XUFNVFKPXQ]HOQNDQQ XQGYLHOYHUVSUHFKHQGHQ$XIWDNWEHL
6WDGWVROOHQEHUµ7D[LVGXUFK $OOHUGLQJVVLQGGLH5HDNWLRQHQGHU
GLH6WUDVVHQNXUVLHUHQGLHVFKHLQEDU 'LH:0JHKWORV 6LQJDSXUHU )DQV WHLOZHLVH HWZDV
SHU'H¿QLWLRQPLQGHVWHQVGUHLVSXULJ ,Q GHU PRGHUQHQ$QODJH GHV ,7( XQJHZRKQW VFKRQ EHLP NOHLQVWHQ
VLQG 6LQJDSXU OLHJW SUDNWLVFK DP &ROOHJH (DVW ZXUGHQ GLH PHLVWHQ $Q]HLFKHQHLQHU7RUFKDQFHZLUGGDV
bTXDWRUNHLQ:XQGHUDOVRGDVVGLH 9RUUXQGHQVSLHOHJHVSLHOW'LH2UJD 3XEOLNXP VLFKWOLFK QHUY|V XQG HLQ
.OLPDYHUKlOWQLVVHIUXQV(XURSlHU QLVDWLRQJOlQ]WHYRPHUVWHQ7DJDQ 5DXQHQJHKWGXUFKGLH5HLKHQ%HL
VHKUJHZ|KQXQJVEHGUIWLJVLQG'LH PLWXQJODXEOLFKYLHOHQ+HOIHUQGLH HLQHPJXWHQ3DVVRGHUHLQHPVFK|
KHUUVFKHQGH+LW]H²SUDNWLVFKUXQG GHQ:HJZLHVHQ7LFNHWVNRQWUROOLHU QHQ 'ULEEOLQJ ZLUG VFKQHOO HLQPDO
XP GLH 8KU ZHUGHQ 7HPSHUDWXUHQ WHQGLH7UH|IIQHWHQXQGQRFKYLH HLQ ODXWHV ©$DDKKª RGHU ©2RRRKª
EHU ƒ& JHPHVVHQ ² XQG GLH OHVPHKU7URW]GHPRIIHQEDUWHQVLFK DXVJHVWRVVHQ=XGHPLVWLQ6LQJDSXU
XQJODXEOLFK KRKH /XIWIHXFKWLJNHLW LQGHQHUVWHQ6SLHOHQHLQSDDUWHFK GHU ZRKO VFKQHOOVWH )DQ GHU :HOW
² PDQ KDW SUDNWLVFK GDV *HIKO QLVFKH 3UREOHPH PLW GHU =HLWPHV EHKHLPDWHWGLHVHUUXIWMHZHLOVVFKRQ
GDVVPDQGLH/XIWPLWGHQ+lQGHQ VXQJ GLH DEHU LP ZHLWHUHQ9HUODXI ODXW©*RRRRDDDOªEHYRUGLH6SLHOHULQ
IKOHQXQG]HUWHLOHQNDQQ²ODVVHQ GHU:0EHKREHQZHUGHQNRQQWHQ EHUKDXSWJHVFKRVVHQKDW:LUWUX
GHQ 6FKZHLVV QXU VR ÀLHVVHQ 0DQ 6LFKHULUJHQGZLHXQJHZRKQWZDU]X JHQGDVXQVULJH]XGLHVHP6SHNWDNHO
HUQWHW ZHQQ PDQ ZLHGHU PDO YHU %HJLQQGDVVGHU3ODW]VSHDNHUHVVLFK EHLSODW]LHUWHQXQVLQPLWWHQDOOGHU
VFKZLW]W YRU HLQHP 5RWOLFKW RGHU QLFKWQHKPHQOLHVVGLH6SLHOHULQQHQ +DUGFRUH)DQVXQGVDQJHQODXWVWDUN
HLQHU8%DKQ6WDWLRQZDUWHWVFKRQ QXUPLW9RUQDPHQ]XHUZlKQHQ'DV VR EHNDQQWH +LWV ZLH ©*R 2UFKLGV
GHQHLQHQRGHUDQGHUHQ6FKPXQ]OHU NODQJGRFKHWZDVOXVWLJDOV&KULVWLQH JRªRGHU©*LPPHRQHJLPPHRQH


'DPHQ:0

JLPPHRQHPRUHªZDVGLH6LQJDSX &RDFK 3KLOOLSH %DQQZDUW HU|IIQHWH 8QVHUHDNWXHOOHQ6SRQVRUHQXQG


UHU$QKlQJHUVLFKWOLFKDPVLHUWH GDVVZLUUHLQRSWLVFKHLQJXWHVWVFKH ,QVHUHQWHQ
FKLVFKHV6FKLULSDDUDEJHEHQZUGHQ
(LQHYHUUFNWH6WDGW ZDUGDV0DVVYROOXQGGLHVFKZDU]HQ +DXSWVSRQVRUHQ
,Q 6LQJDSXU VFKHLQW DOOHV P|JOLFK 7UDLQHUMDFNHQZXUGHQYHUVWDXW 5DLIIHLVHQEDQN+|UL%ODFK%ODFK
1DFK0LWWHUQDFKWZHUGHQNXU]HUKDQG 7DXUXV6SRUW
QRFK HLQ SDDU 6WUDVVHQ DXIJHULVVHQ +RSS6FKZLL]
XQG IULVFK JHWHHUW $P QlFKVWHQ $P0RQWDJKDWWHQDXFKGLH6FKZHL 6SRQVRUHQ
0RUJHQLVWGDQQMHZHLOVQXUQRFKGHU ]HULQQHQLKUHQHUVWHQ$XIWULWWXQGHV (852%86ZHOWLIXUUHU$*=ULFK
IULVFKH VFKZDU]H 7HHU =HXJH GLHVHU JLQJLP6WDUWVSLHOVRJOHLFKJHJHQ0LW )DKUVFKXOH::LVPHU:LQNHO
QlFKWOLFKHQ$NWLRQ6LQJDSXULVWDXFK IDYRULW)LQQODQG'LHYLHOHQPLWJHUHLV 3L]]HULD$UOHFFKLQR%ODFK
ZHQQ QDFK  8KU LP +RWHO QRFK WHQ6FKZHL]HUGLHLQ6LQJDSXUVLFKHU :DYH5RFN%ODFK
UDVFKGLH6FKO|VVHUDXVJHWDXVFKWZHU GLHJU|VVWHXQGODXWHVWHDXVOlQGLVFKH
3DUWQHUIU(LQNlXIH
GHQRGHUZHQQGDV=LPPHUPlGFKHQ )DQGHOHJDWLRQDXVPDFKWHQVWDXQWHQ
&HQWUXP0HW]JHUHL5K\QHU%ODFK
GLH.OLPDDQODJHUHJHOPlVVLJVRWLHI QLFKWVFKOHFKWDOVGLH6FKZHL]HULQQHQ
)OHLVFKOL.RQGLWRUHL%ODFKX
UXQWHUVFKUDXEW GDVV PDQ IDVW HLQHQ HLQ6WDUWIHXHUZHUN]QGHWHQXQGQDFK
1LHGHUJODWW
*HIULHUVFKRFNHUOHLGHWZHQQPDQGDV NQDSS  0LQXWHQ EHUHLWV PLW 
/DQGL%ODFK
=LPPHUEHWULWW'LH5HNRUGWLHIVWWHP YRUQH ODJHQ 'LH )LQQLQQHQ IDQGHQ
SHUDWXUODJEHLƒ&'LH/|ZHQVWDGW DEHU]XUFNLQV6SLHOXQGNRQQWHQJDU 3DUWQHUIU'UXFNVDFKHQ
6LQJDSXU ELHWHW DOOHV YRP ©KXVWOH LQ)KUXQJJHKHQ'RFKGLH6FKZHL] &RS\SULQW%ODFK
DQGEXVWOHªDQGHU2UFKDUG5RDGGHU JHZDQQ VFKOXVVHQGOLFK PLW  XQG
XQJODXEOLFKHQ(LQNDXIVPHLOHPLWXQ NRQQWH VLFK DXI GLH 3ÀLFKWDXIJDEHQ ,QWHUQHW
]lKOLJHQULHVLJHQ6KRSSLQJPDOOVELV JHJHQ7VFKHFKLHQXQG/HWWODQGNRQ ,QHWFRQVXOW$*'EHQGRUI
]XU5XKHDXIGHP%XNLW7LPDK+LOO ]HQWULHUHQ*HJHQ/HWWODQGHUKLHOWHQ
GLHQXUYRQHLQSDDUY|OOLJYHUUFNWHQ GLH6FKZHL]HU)DQV]XGHPQRFK8Q ,QVHUHQWHQ
&KLQHVHQGXUFKEURFKHQZLUGGLHPLW WHUVWW]XQJYRPKROOlQGLVFKHQ7HDP $QGULV'URJHULH%ODFK
QDFNWHQ XQG Y|OOLJ YHUVFKZLW]WHQ GDV VLFK PLW DN]HQWIUHLHQ ©+RSS %UHDNSRLQW%ODFK
2EHUN|USHUQGLHVWHLOHQ:HJHLQGLH 6FKZLL]ª5XIHQ RGHU ©(V *|OL HV *|W](OHNWUR+|UL
VHP QDWUOLFKHQ 5HJHQZDOGUHVHUYDW *|OL HV *|OL HV *RDOª*HVlQJHQ +DUODFKHU$ 7R\RWD9HUWUHWXQJ
DXIGLHPLWPK|FKVWH(UKHEXQJ EHPHUNEDU PDFKWH (V QW]WH GLH :LQNHO
GHU6WDGWUHQQHQ 6FKZHL]]RJDOV*UXSSHQVLHJHULQGHQ ,NDUXV%HVFKULIWXQJHQ%ODFK
+DOE¿QDOJHJHQ1RUZHJHQHLQ 0DOHU6FKZHL]HU%ODFK
7KH5HIHUHHVIURP&]HFK 0HLHU 3DUWQHU%ODFK
5HSXEOLF $XVWUDOLHQYHUSDVVWH+DOE¿QDOV 0RELOLDU9HUVLFKHUXQJHQ%ODFK
(KUOLFKJHVDJWKDEHQZLUXQVVFKRQHW $QGUHD6WlXEOLVFKDIIWHPLW$XVWUDOL 3L]]D0RELO3DUW\VHUYLFH%ODFK
ZDVJHIUDJWZHVKDOEXQVGDVJHVDPWH HQGHQ+DOE¿QDOHLQ]XJQLFKW(LQHP 5DG9|JHOL%ODFK
QRUZHJLVFKH 7HDP GDV LP VHOEHQ NQDSSHQ6LHJJHJHQGLHEHUUDVFKHQG 5HVWDXUDQW/DQGKXV%OL%ODFK
+RWHOXQWHUJHEUDFKWZDUEHLP)UK VWDUNHQ+ROOlQGHULQQHQIROJWHQ]ZHL 5HVWDXUDQW9LVD9LV%DFKHQEODFK
VWFNMHZHLOVIUHXQGOLFKDQJHOlFKHOW 1LHGHUODJHQ JHJHQ GLH 86$ XQG 5R\V.HEDS%ODFK
KDW XQG XQV GHUHQ &RDFK &KULVWHU 'HXWVFKODQG $XVVLH&RDFK -UJ 6WDQR$*0DOHUJHVFKlIW%ODFK
2OVVRQK|ÀLFKJHJUVVWKDW$EHUZDV .LKP VHW]WH LQ GLHVHQ 6SLHOHQ XQG 6XWHU2SWLN%ODFK
VROOVZLUKDEHQHLQIDFKPLWHLQHPLQ DXFK LP DEVFKOLHVVHQGHQ .ODVVLH 6WUHEHO0DUWLQ)DKUVFKXOH:LQNHO
$VLHQEOLFKHQ/lFKHOQJHDQWZRUWHW UXQJVVSLHOXP3ODW]JHJHQ8QJDUQ 7DQ]VFKXOH=UL8QWHUODQG
$OVDEHUGLHQRUZHJLVFKH7RUKWHULQ GDVPLWJHZRQQHQZHUGHQNRQQWH 1LHGHUJODWW
.DUL +nQVQDU DP %XIIHW IUDJWH RE DOOHVDXIVHLQHQHUVWHQ%ORFNXP6D :DYH5RFN%ODFK
ZLU6FKLHGVULFKWHUVHLHQZXUGHXQV UDK0LWFKHOOXQGZUIHOWHGLHUHVWOL =UFKHU.DQWRQDOEDQN%ODFK
HLQLJHV NODU 'LH 5HJHO ODXWHW DOVR FKHQ%O|FNHLP&DVLQR*OFNVVSLHO 5HLVHEUR+LUW%DFKHQEODFK
=LHKGLUHLQHVFKZDU]H7UDLQHUMDFNH 6WLO GXUFKHLQDQGHU$QGUHD 6WlXEOL +HUUHQPRGH+XEHU%ODFK
DQ XQG GLH /HXWH KDOWHQ GLFK VHOEVW NRQQWHLKUSHUV|QOLFKHV=LHOHLQ7RU
DXIGLHVHP1LYHDXIUHLQHQ6FKLHGV ]XHU]LHOHQOHLGHUQLFKWHUUHLFKHQ :LUGDQNHQXQVHUHQ6SRQVRUHQXQG
ULFKWHU6RZROOWHDXFKDPVHOEHQ7DJ ,QVHUHQWHQIUGLH8QWHUVWW]XQJ
QRFKGHUMDSDQLVFKH&RDFK(LVDEXUR 2K1LSSRQ 'DQNLKUHP(QJDJHPHQWN|QQHQZLU
2NDQRGLHQHXH5FNSDVVUHJHOHUNOlUW 'LHVPDO JHKW XQVHUH $XV]HLFK GDV 8QLKRFNH\ LQ %ODFK I|UGHUQ
KDEHQ$OVXQVDEHUGHUKROOlQGLVFKH QXQJIUGLHEHVWHQ)DQVQLFKWQDFK %LWWH EHUFNVLFKWLJHQ 6LH VLH EHL
,KUHQ(LQNlXIHQ


'DPHQ:0

+ROODQG 1DFKGHP GDV 7HDP GLH 6LHJFKDQFHQ'DVLHDEHUGDVXPHLQ XQV6FKZHL]HUQLQGLH+RVHQPDFKHQ


6FKZHL] VWLPPNUlIWLJ XQWHUVWW]W 7RUVFKOHFKWHUH7RUYHUKlOWQLVDXIZLH $EHUGDVVHVWDWVlFKOLFKVROFKH)RUPHQ
KDW KDEHQ ZLU YHUVXFKW XQV ]X UH VHQPXVVWHQVLHDXI6LHJVSLHOHQZDV DQQLPPW KlWWHQ ZLU QLFKW JHGDFKW
YDQFKLHUHQ$EHU GLH DQZHVHQGHQ LQGHQ6FKOXVVPLQXWHQQRFKLQV$XJH 'LHVHQQHWWHQ6FKZHGHQKDEHQZLUDQ
KROOlQGLVFKHQ $QKlQJHU KDWWHQ JLQJ6FKDGHZLUVLQJHQDEHUKHXWH GHU%XVKDOWHVWHOOHYRUGHP,7(&ROOHJH
LUJHQGZLH EHUKDXSW NHLQ 5K\WK QRFK©2RRRK1LSSRRRQ«ª (DVWDQJHWURIIHQXQGLKQDQGHU057
PXVJHIKO XQG KDEHQ VWlQGLJ PLW 6WDWLRQYRQ7DQDK0HUDK©JHEOLW]Wª
IDOVFKHQ=ZLVFKHQUXIHQGLH*HVlQJH 6SH]LHOOH9HUSÀHJXQJ $OOHUGLQJVVROOWHVLFKGDQQKHUDXVVWHO
DXV GHP7ULWW JHEUDFKW 1HLQ DXFK :LH PDQ XQOlQJVW DXI XQLKRFNH\ OHQGDVVVLFKGHUJXWH6FKZHGHQLFKW
GLH VWlQGLJ JU|KOHQGHQ 7VFKHFKHQ FKOHVHQNRQQWHVROOHVLQGHU,7( DXV )XUFKW YRU GHQ 6FKZHL]HULQQHQ
GLHVLFKUHGOLFK0KHJDEHQN|QQHQ $UHQD NHLQH 9HUSÀHJXQJVP|JOLFK LQ GLH +RVHQ JHPDFKW KDWWH 'HQQ
ZLUQLFKWEHUFNVLFKWLJHQ'LHEHVWHQ NHLWHQJHJHEHQKDEHQ/HLGHUKDEHQ VFKRQLP+DOE¿QDOPDFKWHQGLH)LQ
)DQVZDUHQLQGHU7DW]ZHL-DSDQHU GLH 6FKZHL]HU ([SHUWHQ GD HWZDV QLQQHQ GLH 7LWHOYHUWHLGLJHULQQHQ DXV
GLHREZRKOVLHSUDNWLVFKNHLQ:RUW VFKOHFKWUHFKHUFKLHUW'HQQGLH+DOOH 6FKZHGHQ QDVV$XV XQG YRUEHL GLH
(QJOLVFKVSUHFKHQNRQQWHQGLHPHLV LVW%HVWDQGWHLOHLQHVlXVVHUVWJURVV] LQ6FKZHGHQDOVVWlUNVWHV7HDPDOOHU
WHQ=XVFKDXHUDXILKUH6HLWHEUDFKWHQ JLJDQJHOHJWHQ6FKXONRPSOH[HVGHU =HLWHQEHWLWHOWH7UXSSHPXVVWHJHJHQ
XQG )DQJHVlQJH HLQVWXGLHUWHQ 6R VHOEVWYHUVWlQGOLFKDXFKHLQH0HQVD 1RUZHJHQXP5DQJVSLHOHQ
JDEHQDXFKZLU9ROOJDVXQGVDQJHQ EHLQKDOWHW 'LHVH LVW DQJHOHJW QDFK
ODXWKDOV ©1LSSRQ 1LSSRQª RGHU GHP%HLVSLHOHLQHVW\SLVFKHQDVLDWL 0GH1RUZHJHULQQHQ
©2RRRK1LSSRRRQ1LSSRQ1LSSRQ VFKHQ)RRG&RXUWVPLWHLQHUJURVVHQ :LHJHVDJWZLUORJLHUWHQLPVHOEHQ
1LSSRQRLRLRLRLRLRLª $XVZDKODQYHUVFKLHGHQVWHQ6SHLVHQ +RWHOZLHGLH1RUZHJHULQQHQ8QGVR
$OOHUGLQJV LVW XQV DXFK KHXWH QRFK ]X 6SRWWSUHLVHQ :DV ZLOO PDQ GD EHNDPHQZLUDXFKVFKRQEHLP)UK
QLFKWNODUZRKHUGLHEHLGHQ-DSDQHU DXFKQRFKHLQHQ9HUSÀHJXQJVVWDQG VWFNPLWZHUZRKOZLHJXWLQ)RUP
GLH /XIW KDWWHQ XP SUDNWLVFK  HUULFKWHQ ZHQQ PDQ ]X NRQNXU VHLQZLUG'DGLH1RUZHJHULQQHQDP
0LQXWHQ GXUFK]XVLQJHQ XQG GDEHL UHQ]ORVHQ 6WXGHQWHQSUHLVHQ XP GLH 0LWWZRFK LKUHQ IUHLHQ 7DJ KDWWHQ
GHP+HU]VWLOOVWDQGQDKHQRFKVWlQGLJ  6 FD  )U  HLQ 0LWWDJHVVHQ VDKPDQGLH*LUOVDP'LHQVWDJDEHQG
GHQ6SLHOHULQQHQ$QZHLVXQJHQDXIV HLQQHKPHQNDQQ" VFKRQLQGHQ$XVJDQJYHUVFKZLQGHQ
6SLHOIHOG ]X UXIHQ :DKUVFKHLQOLFK $OV GDQQ IU GDV )LQDOZRFKHQHQGH 'LHVFKPDOVWHQ$XJHQKDWWHGDQQDP
YRP VHOEHQ 2UW ZR GLH -DSDQHULQ LQV HLQGUFNOLFKH 6LQJDSRUH ,QGRRU QlFKVWHQ0RUJHQGLHMlKULJH/LQH
QHQLKUHXQJODXEOLFKH.RQGLWLRQKHU 6WDGLXP XPJH]RJHQ ZXUGH EHU 1\JnUGDXFK%ULWQH\JHQDQQWGLHLQ
KDEHQ'LHVHUDQQWHQXQGNlPSIWHQ QDKPGLH(LQNDXIVNHWWH©(OHYHQª 1RUZHJHQQDFKLKUHQGUHL7RUHQJH
ZLHGHU ZDV GDV =HXJ KLHOW REZRKO GLH9HUSÀHJXQJ'DQQZXUGHHVDEHU JHQ-DSDQVFKRQDOV1DFKIROJHULQYRQ
VLHLP'XUFKVFKQLWWIDVW]ZHL.|SIH WDWVlFKOLFK HWZDV PHUNZUGLJ XQG %LUJLWWH/HUVEU\JJHQJHIHLHUWZXUGH
NOHLQHUZDUHQDOVLKUH*HJQHULQQHQ GLH HXURSlLVFKHQ *HVFKPDFNVQHU $OOHUGLQJVKDEHQZLUHVGHQ1RUZH
:HUGDVQRFKQLHPLWHLJHQHQ$XJHQ YHQ ZXUGHQ DQJHVLFKWV YRQ NDOWHQ JHULQQHQQRFKLPPHUQLFKWYHU]LHKHQ
JHVHKHQKDWGHUZLUGGDVWURW]DOOHQ +RW'RJVRGHUNDOWHQ6ZLVV&KHHV\ GDVVVLHXQVQLFKWJHVDJWKDEHQGDVV
%HVFKUHLEXQJHQ JDU QLFKW JODXEHQ 0XVKURRP%XUJHUVGRFKHWZDVDXI VLHDP0LWWZRFKHLQ3OlXVFKFKHQLQ
N|QQHQ 'HU V\PSDWKLVFKH$XIWULWW GLH3UREHJHVWHOOW XQVHUHP +RWHOSRRO YHUDQVWDOWHWHQ
GHUQLHDXIJHEHQGHQ$VLDWLQQHQLQGHU 7MDGLH1RUZHJHULQQHQPXVVWHQEV
$'LYLVLRQVROOWHOHLGHUQXUHLQ*DVW 'LHQDVVHQ6FKZHGHQ VHQXQGNDVVLHUWHQLQGHQOHW]WHQGUHL
VSLHOEOHLEHQHLQ]LJLP*UXSSHQVSLHO :LU KDEHQ HV VFKRQ LPPHU JHZXVVW 6SLHOHQGUHL1LHGHUODJHQPLWHLQHP
JHJHQ5XVVODQGKDWWHQVLHUHDOLVWLVFKH GDVVVLFKGLH6FKZHGHQKHLPOLFKYRU 7RWDOWRUYHUKlOWQLVYRQ

 "! 

  



### !

 !" $


:HUEXQJ


'DPHQ:0

%HUQHU ZDU NDXP DXV]XKHEHOQ XQG


RIIHQVLYZDU3HWUD.XQGHUWZLHGHULQ
7RSIRUP:DVDOOHUGLQJVQLFKWGDUEHU
KLQZHJWlXVFKHQGDUIGDVVGLH%DVLV
]XP (UIROJ HLQH lXVVHUVW NRPSDNWH
7HDPOHLVWXQJXQGHLQHPHQWDOH5HLIH
ZDUZLHPDQVLHZRKOQRFKQLHYRQ
HLQHP6FKZHL]HU7HDPJHVHKHQKDW
(QGOLFKGLH6FKZHL]LVW8QLKRFNH\
:HOWPHLVWHU*URVVHU-XEHOEUDQGHWH
GXUFKGDV6LQJDSRUH,QGRRU6WDGLXP
XQGGLHHLQHRGHUDQGHUH7UlQHZXUGH
]XUHFKWYHUJRVVHQ
(QGOLFK:HOWPHLVWHU'DV6FKZHL]HU7HDPIHLHUWGHQHUVWHQ:07LWHO
6FKRFNIU6LQJDSXU ]XP+RWHOLKUHQ0DJHQLQKDOWLP%XV
DXVXQGPXVVWHQLQV6SLWDOEHUIKUW 6FKOXVVDXVGDVZDUV"
,P+DOE¿QDOVFKHLWHUWH6LQJDSXUDQ ZHUGHQDXIGDV)LQDOZRFKHQHQGHKLQ -D VR VFKQHOO ZLH GLH 6LQJDSXUHU
GHQ86$PLW'LH2UFKLGVOLHVVHQ ZDUHQDOOHUGLQJVDOOHZLHGHU¿W6SLH EHLP(VVHQGDV*HVFKLUUDEUlXPHQ
VLFK DXI HLQ JHVFKLFNWHV WDNWLVFKHV OHULQ GHV7XUQLHUV EHL GHQ 'lQLQQHQ VRVFKQHOOZDUDXFKGLH:0EHHQGHW
6SLHOFKHQGHU$PHULNDQHULQQHQHLQ ZDU GDV MlKULJH 0HJDWDOHQW /LVH 0HGDLOOHQEHUJDEH3RNDOEHUJDEH
'LHVHVHW]WHQMHZHLOVLQHLQHP%ORFN 0XQNGLHPLWLKUHQ5XVKHVEHUGDV HLQSDDU(KUHQUXQGHQ'DQQZDUGLH
HLQH6SLHOHULQDXI6LQJDSXUV-LOO4XHN JDQ]H)HOGHQWVFKHLGHQGHQ$QWHLODP :0YRUEHL©'DQNHIUGHQ%HVXFK
DQGLHGLHVHU6FKULWWDXI7ULWWIROJHQ (UIROJGHU'lQLQQHQKDWWH'HXWVFKH XQGJXWH+HLPUHLVHª6FKRQZXUGH
VROOWH'LHVFKZHGLVFKHQ&RDFKHVGHU 6SLHOHULQQHQEH]HLFKQHWHQ0XQN]ZDU GLH+DOOHDXIJHUlXPWHVEOLHEQRFK
*DVWJHEHULQQHQ NRQ]HQWULHUWHQ VLFK DXIGHU7ULEQHDOV©EO|GHDUURJDQWH NXU]=HLWXPPLWGHQ6FKZHL]HU)DQV
LQGHU)ROJHPHKUGDUDXIZLHVLHPLW .XKªZDVXQVVDJWGDVVPDQVHOEVW DQ]XVWRVVHQXQGLP)R\HUHLQOHW]WHV
%ORFNZHFKVHOQ ]XP ULFKWLJHQ =HLW LQ6LQJDSXUGDPLWUHFKQHQPXVVGDVV HLQGUFNOLFKHV©+RSS6FKZLL]ª]X
SXQNW GLHVHQ ©5XFNVDFNª XPJHKHQ MHPDQG 'HXWVFK YHUVWHKW XQG VLFK VNDQGLHUHQ'DQQZXUGHQGLH/LFKWHU
NRQQWHQ DOV DXI LKU HLJHQHV 6SLHO GLH'HXWVFKHQPLWVROFKHQ$XVVDJHQ JHO|VFKWXQGGLH+DOOHJHVFKORVVHQ
'DQN GHU (IIL]LHQ] GHU EHLGHQ LQ EHLXQVDXFKGLHOHW]WHQ6\PSDWKLHQ (LQOHW]WHV©*RRGE\HªDQ)DPLOLH
)LQQODQGVSLHOHQGHQ0XXUL6FKZHV YHUVSLHOW KDEHQ$OOHUGLQJV JDE GLH 4XHNGLHYRUGHP6WDGLRQDXIHLQ
WHUQVFKDIIWHGLH86$GHQ)LQDOHLQ]XJ MXQJH9HUWHLGLJHULQLKUH$QWZRUWDXI 7D[LZDUWHWHJDE*HZLVVKHLWHVLVW
XQGZDUI6LQJDSXUDXVGHP7XUQLHU GHP3ODW]XQGVDPPHOWHLP)LQDOVSLHO YRUEHLHVLVWYROOEUDFKW
,PPHUKLQNRQQWHQVLFKGLH2UFKLGV JHJHQGLH86$GDVPLWJHZRQQHQ 'DV 0HGLHQHFKR YRU 2UW ZDU QLFKW
QRFKPDOVDXIUDIIHQXQGGDV6SLHOXP ZHUGHQNRQQWH7RUHXQG$VVLVWV ULHVLJDEHUHVZXUGHLPPHUKLQEHU
5DQJJHJHQ'HXWVFKODQGQRFKJH GLH :0 EHULFKWHW 'LH JU|VVWH 7D
ZLQQHQ$QJHVLFKWVGHVXQJODXEOLFK :HOWPHLVWHU JHV]HLWXQJ 6LQJDSXUV ©7KH 6WUDLWV
MXQJHQ DEHU WURW]GHP ]DKOUHLFKHQ ©:H DUH WKH FKDPSLRQVª NRQQWHQ 7LPHVªSXEOL]LHUWHWlJOLFKHLQHQNXU
3XEOLNXPV GHU HQRUPHQ %HJHLVWH GLH 6FKZHL]HU$QKlQJHU QDFK GHP ]HQ hEHUEOLFN EHU GDV *HVFKHKHQ
UXQJVIlKLJNHLWGHU6LQJDSXUHUVRZLH )LQDO JHJHQ )LQQODQG VLQJHQ 'LH 8QG QDFK GHP )LQDOVSLHO ZDUHQ LP
GHV DOOJHPHLQ JURVVHQ 6WHOOHQZHUWV 6FKZHL]HU )DQVFKDU HUKLHOW VRJDU ©&KDQQHO1HZV$VLDªHLQH6SLHO]X
GHV6SRUWVVLQGZLUEHU]HXJWGDVV QRFK =XZDFKV GD GLH %RWVFKDIW VDPPHQIDVVXQJXQGHLQ,QWHUYLHZPLW
6LQJDSXU LQ DEVHKEDUHU =HLW ZHLW LQ 6LQJDSXU NXU]HUKDQG GLH ORNDOH -LOO4XHN]XVHKHQ9LHOLQWHUHVVDQWHU
YRUVWRVVHQNDQQ*R6LQJDSRUH 6FKZHL]HU %HY|ONHUXQJ ]X HLQHP ZDUDOOHUGLQJVGLH7DWVDFKHGDVVVR
%HVXFK GHV )LQDOV DXIJHUXIHQ KDWWH JDUGHU=XKlOWHUGHUXQVWlJOLFKDQGHU
'DQLVK'\QDPLWH 'HP$XIUXI ZXUGH )ROJH JHOHLVWHW 2UFKDUG5RDGDQVSUDFKZXVVWHGDVV
'lQHPDUN VWLHJ HUZDUWXQJVJHPlVV XQG JDQ]H )DPLOLHQ XQWHUVWW]WHQ GLH6FKZHL]©:RUOG&KDPSLRQªLVW
LQGLH$*UXSSHDXIXQGNDQQDQGHU NRPSOHWW LQ URWZHLVV JHNOHLGHW GLH (LQH IDV]LQLHUHQGH XQG XQYHUJHVV
+HLP:0  JHJHQ GLH EHVWHQ 6FKZHL]HULQQHQ DXI GHP :HJ ]XP OLFKH:RFKHOLHJWKLQWHUXQVXQGHV
7HDPV GHU:HOW DQWUHWHQ 1DFK GHP 7LWHO'LH6FKZHL]HULQQHQEHVWULWWHQ EOHLEWXQVQXUQRFKXQVGHQ:RUWHQ
*UXSSHQVSLHO JHJHQ 6SDQLHQ GDV GDVJDQ]H7XUQLHUNRQVHTXHQWPLWQXU GHV MDSDQLVFKHQ &RDFKHV (LVDEXUR
LQ GHU XQNOLPDWLVLHUWHQ :RRGODQGV ]ZHL/LQLHQZREHLMHZHLOVQXUHLQ]HO 2NDQRDQ]XVFKOLHVVHQPLWGHQHQHU
6SRUWV+DOODXVJHWUDJHQZXUGHOHHUWHQ QH6SLHOHULQQHQDXVJHWDXVFKWZXUGHQ VLFK YRQ XQV YHUDEVFKLHGHWH ©6HH
GUHL 'lQLQQHQ DXI GHU )DKUW ]XUFN 'LH9HUWHLGLJXQJXP&DSWDLQ6LPRQH \RXLQ6ZHGHQª


:HUEXQJ

  
 

  "   


     

*$$&!$

" 
'$'%#"$&%&!$%&$ "&! 
 ) 

  !"&'$'%%#"$&%(((% !%#"$&%(((&'$'%%#"$&%


)HVWH

=ZHL)HVWHIU%ODFK YHUVVVW LQGHP HU GHQ *ULOO PLW


GHQ UDVVLJHQ )UWIHOL HU|IIQHWH
=XP)OHLVFKJDEVQRFKHLQOHFNHUHV

)ORRUEDOO 6DODWEXIIHW XQG *HWUlQNH KDWWH HV


DXFKJHQXJ
)U GLH UHVWOLFKHQ 0LWJOLHGHU VWDQG
(LQHVLVWYRUEHLHLQDQGHUHVIROJWQRFK%ODFK)ORRUEDOO GHU*ULOOXQGGDV%XIIHWDE8KU]XU
IHLHUW]ZHL)HVWHLQGLHVHP6RPPHU'DV&OXEIHVWLP0DLXQG 9HUIJXQJ'D]XUVHOEHQ=HLWDXFK
GDV%OLIHVWDPOHW]HQ$XJXVW:RFKHQHQGH(LQ5FNEOLFN GLH-HWVQLJKWVWDWWIDQGKHUUVFKWHHLQ
XQGHLQH9RUVFKDX .RPPHQ XQG *HKHQ'DV &OXEIHVW
ZDUHLQJHPWOLFKHV%HLVDPPHQVHLQ
&OXEIHVW KLHOWHLQH$QVSUDFKHDQGLHYHUVDP XQG MHGHU KDWWH HWZDV ]X SODXGHUQ
5HPR7ULQNOHU$P6DPVWDJ-XQL PHOWHQ ÀHLVVLJHQ  +HOIHULQQHQ XQG ]XHVVHQXQG]XWULQNHQ'LH'DFK
JLQJGDV%ODFK)ORRUEDOO&OXEIlVFKW +HOIHUGLHLQGHQXQWHUVFKLHGOLFKVWHQ WHUUDVVH GHV 3IDGLKHLPV KRFK EHU
EHUGLH%KQH %HUHLFKHQ IU HLQHQ UHLEXQJVORVHQ %ODFKZDUGD]XGHUJHHLJQHWH2UW
$E  ZXUGH ]XP +HOIHUDSpUR 6SLHO XQG 9HUHLQVEHWULHE VRUJWHQ IU GDV GLHVMlKULJH &KLOO DQG *ULOO
DQJHVWRVVHQ 3UlVLGHQW *HVOLQ GHU 'LHVH ZXUGH GXUFK 0DUFR .UlPHU YRQ%ODFK)ORRUEDOO
YRQGHQJUQHQ)HULHQ]XUFNZDU DOLDV©6FKDUPLGHU6SRUWFKHIªQRFK

3UlVLGHQW6WpSKDQH*HVOLQ YU 6SRQVRUHQFKHI


)UWIHOLYRP*ULOO)HXULJH6SLHVVHJDEVDP&OXIHVWXQGJLEW¶VDP%OLIHVW 6DQGUR1|W]OLXQG6SRQVRUHQODXIRUJDQLVDWRU.DUO
DXFK 8UHFKEHLPYHUGLHQWHQ$SHUR

%OLIHVW
QDWUOLFK DXFK ZLHGHU DE XQVHUHP
0DUFR .UlPHU %DOG LVW HV VRZHLW *ULOO ]X JHQLHVVHQ 'D]X VRUJHQ
9RP$XJXVWIHLHUW%ODFK /LYHNRQ]HUWH3DUW\'-VXQGDQGHUH
)ORRUEDOO PLW HLQHP JURVVHQ$XI $WWUDNWLRQHQIUHLQHZUGLJHGUHL
WULWW DP GLHVMlKULJHQ %OL)lVFKW WlJLJH *HEXUWVWDJVIHLHU =XVlW]OLFK
VHLQ MlKULJHV %HVWHKHQ $XI N|QQHQVLFK8QLKRFNH\EHJHLVWHUWHLQ
GHP +DQV+DOOHU3ODW] LQPLWWHQ XQVHUHP%OL)ORRULP6FKDUIVFKXVV
GHU$OWVWDGWYRQ%ODFKYHUZ|KQHQ ZHWWNDPSIPHVVHQ'DVGHWDLOOLHUWH
ZLU ]XVDPPHQ PLW GHP %ODFKHU 3URJUDPPXQG,QIRVEHUGLH%DQGV
.XOWXU]HQWUXP *XVV  GLH ¿QGHVW'XEDOGZLHLPPHUDXIZZZ
%HVXFKHU PLW NXOLQDULVFKHQ .|VW EXHODFKÀRRUEDOORUJRGHUGLUHNWYRU
OLFKNHLWHQ XQG VI¿JHQ 'ULQNV LQ 2UW 'DV 2. IUHXW VLFK VFKRQ MHW]W
XQVHUHP JURVVHQ WUDQVSDUHQWHQ DXIYLHOHXQWHUKDOWVDPHXQGXQYHU
3DUW\]HOWXQGDQGHUODQJHQ%DU'LH JHVVOLFKH 6WXQGHQ DP GLHVMlKULJHQ
REHQHUZlKQWHQ©)UWIHOLªJLEW¶V %ODFKHU6WDGWIHVW


:HUEXQJ

  
 

 


)XQWHDP

'HU$XIVWLHJZDUQXUHLQ $OOHUGLQJVKDEHQ7UDLQLQJXQG:HWW
NDPSIDXFKQRFKHLQHDQGHUH6HLWH
(LQH EHU GLH ZHQLJHU JHVSURFKHQ

9HUVHKHQ ZLUGGLHGDIUDEHUXPVRPHKUEH
ZHJW%UHLWHQVSRUWDNWLYLHUWJHPlVV
HLQHU 6WXGLH GHV %XQGHVDPWHV IU
'DV6WUHEHQQDFKPHKULVW7HLOGHV6SRUWV0DQFKPDOVLQG 6SRUWDXVGHP-DKULPPHUKLQ
GLH6SRUWOHUDEHUDXFK]XIULHGHQPLWGHPZDVVLHKDEHQ  3UR]HQW GHU 6FKZHL]HU %H
±ZLHLP%HLVSLHOHLQHV%ODFKHU8QLKRFNH\7HDPVGDVDP Y|ONHUXQJ PLQGHVWHQV HLQPDO SUR
OLHEVWHQLQGHUXQWHUVWHQ/LJDVSLHOW :RFKHVRVWDUNGDVVVLHGDGXUFKLQV
6FKZLW]HQNRPPW8QGGDV=LHOGHU
JURVVHQ%UHLWH GLHVLFKVRVFKODQN
KlOW LVWQLFKWGLH6SLW]HVRQGHUQGLH
)UHXGHDP6SLHO

©(LQHEHZHJWH6DXQDª
(LQ VFKLOOHUQGHV %HLVSLHO IU =X
IULHGHQKHLWPLWGHPRKQH$XIZDQG
(UUHLFKWHQLVWGLHGULWWH0DQQVFKDIW
GHV 8QWHUOlQGHU 8QLKRFNH\9HU
HLQV %ODFK )ORRUEDOO %HL GLHVHU
(TXLSHLVWGHU%HLQDPH3URJUDPP
©)XQWHDPª QHQQW VLFK GHU EXQWH
+DXIHQ XQG GDV 7UDLQLQJ ILQGHW
LPPHUIUHLWDJVVWDWW:REHL%HJLQQ
HLJHQWOLFKDEHQGVXPDFKWZlUH±ELV
DOOH 6SLHOHU DQZHVHQG VLQG NDQQ
DEHU DXFK PDO HLQH KDOEH 6WXQGH
YHUJHKHQ'DQDFKIROJWDOOHVHLQHP
EHUHLWV ULWXDOLVLHUWHQ$EODXI 'UHL
9LHUWHOVWXQGHQ )XVVEDOO PDFKHQ
GHQ$QIDQJGDQDFKVWHKWHLQHKDOEH
6WXQGH8QLKRFNH\DQXQGVFKOLHVV
OLFK ODVVHQ GLH 6SRUWOHU GHQ$EHQG
LQ GHU 6WDPPEHL] GHP %ODFKHU
©)ULHGHQªDXVNOLQJHQ
'DVVGLHVHOHW]WH3KDVHGHU+DXSW
JUXQG IU GDV %HVWHKHQ GHV 7HDPV
VHL VWHOOW *UQGXQJVPLWJOLHG -HDQ
&ODXGH*HKULJDEHULQ$EUHGH©=X
VFKZLW]HQ VWHKW IU PLFK LP 9RU
GHUJUXQG'DV7UDLQLQJLVWHLQH$UW
EHZHJWH6DXQDª
(LQHU GHU JU|VVWHQ (UIROJH GHU
7HDPJHVFKLFKWHZXUGH±DQJHVLFKWV
GHV 7UDLQLQJV ZHQLJ HUVWDXQOLFK
$XIVWHLJHQYHUERWHQ'DV)XQWHDPLP*OREL7HQXH %LOG+HUEHUW=LPPHUPDQQ ± DXI GHP )XVVEDOOSODW] HUUXQJHQ
©:LU KDEHQ DP *UPSHOWXUQLHU LQ
0DUWLQ /LHEULFK DXV GHP =UFKHU GHU6WlUNHQPDFKWIUV3XEOLNXPGHQ 2EHUJODWW VHFKV )ODVFKHQ:HLQ JH
8QWHUOlQGHU 6SRUWEHUGHQJHVSUR 5HL]XQGIUGLH6SRUWOHUGHQ.LFN ZRQQHQ6LHKDWWHQDOOHUGLQJV=XFNHU
FKHQZLUGLVWLQGHU5HJHO6SLW]HQ DXV©6FKQHOOHUK|KHUZHLWHUª±GDV JH]RJHQªVDJW*HKULJWURFNHQ$OV
VSRUW'LH-DJGQDFK5HNRUGHQGDV RO\PSLVFKH0RWWRNRPPWQLFKWYRQ VSRUWOLFKHV =LHO LP 8QLKRFNH\ KDW
:DUWHQDXI6HQVDWLRQHQGDV0HVVHQ XQJHIlKU6RLVWGHU6SRUW GDV7HDPVHLWVHLQHQ$QIlQJHQGHQ


Funteam

Gespannte Blicke: Hoffentlich sind die andern nicht allzu schlecht.

1LFKWDXIVWLHJGH¿QLHUW$P3RWHQ]L- ,PPHUKLQ KDEH PDQ VLFK GRUW HLQH GHU )DVQDFKW YRQ %DVVHUVGRUI XQG
DOZUGHHVDOOHUGLQJVQLFKWPDQJHOQ 6DLVRQ ODQJ EHKDXSWHW ,Q HLQHP %HURPQVWHUJHWUDJHQª
(LQLJH6SLHOHUYHUIJHQVRJDUEHU 0DWFKEHULFKW DXI GHU FOXEHLJHQHQ
(UIDKUXQJLQGHU1DWLRQDOOLJD% :HEVLWH ZDU GDEHL DOOHUGLQJV GLH
5HGHYRP©.DPSIJHJHQGHQ/LJD- Den Fast-Aufsteiger geschlagen
HUKDOWª$XVGLHVHU6LFKWEHUXKLJHQG $Q*ODXEZUGLJNHLWKDEHGDV7HDP
Unfreiwillig aufgestiegen YHUOLHI GDUXP GLH ]ZHLWH 6DLVRQ LQ WURW]VHLQHQJHOHJHQWOLFKH[WUDYDJDQ-
$OVHVXPHLQH$XIVWRFNXQJGHUREH- GHU ]ZHLWXQWHUVWHQ /LJD *HKULJ WHQ$XIWULWWHQQLFKWHLQJHEVVWPHLQW
UHQ/LJHQJLQJNRQQWHQGLH%ODFKHU ©(VIROJWHGHUIDGHQJHUDGH$EVWXU]ª 3DVFDO8UIHU5FNVWlQGHHUNOlUWHU
DEHU QLFKW DQGHUV DOV GHQ *DQJ LQ hEHUKDXSWKDEHVLFKGLHMDKUHODQJH ZUGHQLQGHU5HJHODXIJHKROWXQG
HLQH K|KHUH 6SLHONODVVH DQ]XWUHWHQ (UIDKUXQJQLHLQEHVVHUH/HLVWXQJHQ GHQ7HDPVDXVGHUREHUHQ7DEHOOHQ-
1LFKWZHQLJHUDOVYLHU7HDPVZXUGHQ XPJHVHW]W ©:LU PDFKHQ LPPHU KlOIWH GURKHQ JHJHQ GLH %ODFKHU
GDPDOV LQ GLH  /LJD JHQRPPHQ QRFK GLH JOHLFKHQ )HKOHU ZLH YRU 3DUDGLHVY|JHO1LHGHUODJHQ
©'HU 9HUEDQG KDW XQV EHWURJHQª ]HKQ-DKUHQ«ª ©,P OHW]WHQ 6SLHO GHU YHUJDQJHQHQ
VDJW5ROI+LQWHUPDQQGHUGHP7HDP 6HLW GUHL -DKUHQ VSLHOW GLH 0DQQ- 0HLVWHUVFKDIWKDEHQZLU/HQJQDXJH-
HEHQIDOOVVHLWGHQ$QIlQJHQDQJHK|UW VFKDIW ZLHGHU GRUW ZR VLH LPPHU VFKODJHQ8QGLKQHQGDPLWGHQ$XI-
PLW HLQHP YHUVFKPLW]WHQ /DFKHQ VSLHOHQZROOWHJDQ]XQWHQ$Q2ULJL- VWLHJYHUPDVVHOWª'LHVHU*HJQHUKDW
'HQQHLJHQWOLFKKDWWHQGLH%ODFKHU QDOLWlWKDWVLHDEHUQLFKWVHLQJHEVVW MHW]WDQGHQ*ORELVZRKONHLQH)UHXGH
HLQ*HVXFKJHVWHOOWXPQLFKWDXIVWHL- 'DV7HDPWULWWLQHLQHP7HQDXIGDV PHKU0DQKDEH/HQJQDXDEHUQLFKW
JHQ]XPVVHQ'LHVHVVWLHVVMHGRFK MHQHP YRQ *OREL QDFKHPSIXQGHQ EHZXVVWEHVLHJWIJW8UIHUVFKRQIDVW
DXIWDXEH2KUHQ©'DQQªVR+LQWHU- LVW©'LH/HXWHVFKlW]HQGDVªPHLQW HQWVFKXOGLJHQG DQ 'HQQRFK *DQ]
PDQQ©KLHVVHVHLQIDFKZLUPVVWHQ *HKULJ%ODFKZHUGHVRIRUWHUNDQQW RKQH(KUJHL]JHKWHVRIIHQEDUDEHU
QXQLQGHU/LJDDQWUHWHQª ©,FKKDEHGDV'UHVVDXFKVFKRQDQ DXFKEHLP©)XQWHDPªQLFKW

21