Invierta en Su Futuro 2012-2013

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    |q|sgEIXELSQM LI ^\

    3?=3+=

    \im p|c`nmni al `m Ngk~i al M|am L~q|amiq ` al Nm`gsim li ng`mcgsmni ngi LNKN

    rrr)mnlcggd)ngk'N^MN)^q|aliqMeaNgkke~~egi

    Clnm~ pgsilnl~eama uclnm~ pgskseqgpbeim~ 3, 1, 33

    Aeilsg pmsm l` ng`lbeg-

    Clnm~Nm` Bsmiq~pbeim~ =?, =8

    Ag~ pm~g~

    B|m alps~qmkg~

    pmsm l`l~q|aemiqlpbeim 38

    k~

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    K~ gpnegil~ pmsm pmbms l` ng`lbeg

    =8 @m~ clnm~ pgs ilnl~eama Nm` Bsmiq ~giaeilsg bsmqe~

    =5 Mu|am iminelsm al `g~ ng`lbeg~ alNm`egsiem

    3= Mu|am iminelsm pmsm pgc`mnegil~l~plnnm~

    33 L~q|aemiql~ MC Nkg sla|nes `g~ ng~qg~ al` ng`lbeg

    38 _s~qmkg~ lalsm`l~

    35 _s~qmkg~ psexmag~

    >? Nkg slpmbms g~ ps~qmkg~ lalsm`l~pmsm l~q|aemiql~

    @g }|l alcl ~mcls

    >3 Nkg slneces ~| mu|am iminelsm7

    >> Xlsenmnei

    >> Alslnjg~ u sl~pgi~mce`eamal~

    >1 Bm~ql al kmilsm eiql`ebliql

    >< @m~ =? kmilsm~ pseinepm`l~ al psgqlblsngiqsm l` sgcg al ealiqeama

    >< N|iqg ng~qms7

    >8 Jgfm al qsmcmfg pmsm p`mienmnei albm~qg~

    >2 Qskeig~ }|l alcl ngignls

    Celixlieag m Eixelsqm li ~| H|q|sg

    -L~qm `ecslqm l~q ae~lmam pli~miag li |~qla) \qe`enl `m~ `e~qm~ al xlsenmnei,`m~ jgfm~ al qsmcmfg u `m~ qmc`m~ pmsm ~lb|es l` nmkeig ngsslnqg, n|kp`es ngi`m~ lnjm~ al xlinekeliqg u makeie~qsms ~|~ agn|kliqg~, ~| qelkpg u aeilsg)

    Mpsliam m`b|ig~ qskeig~ qe`l~ *pbeim >2% u gcqlibm aeslnnegil~ al ~eqeg~rlc *pbeim~ 3 u 33% }|l `l ~lsxesi pmsm gcqlils k~ eigskmnei u ngignlsk~ gpnegil~ ~gcsl mu|am~ iminelsm~ u mnnl~g m` ng`lbeg) @m kmugsm al `m~mu|am~ iminelsm~ ~l cm~mi li `m ilnl~eama iminelsm ngkpsgcmam, plsg ig

    ~l al~nm`e}|l |~qla ke~kg) Lixl `m ^g`eneq|a Bsmq|eqm al Mu|am Hlalsm` pmsmL~q|aemiql~ *HMH^M, li eib`~% u m `g klfgs slnecl |im ~gspsl~m- \~l `m jgfm alqsmcmfg Ke p`mi al mnnei }|l ~l lin|liqsm li `m ngiqsmpgsqmam pmsm l~nseces`m~ lnjm~ ekpgsqmiql~)

    Mbsmalnekeliqg~\i mbsmalnekeliqg l~plnem` pmsm `m~m~gnemnegil~ Nm`egsiem M~~gnemqegi g^q|aliq Heiminem` Mea Makeie~qsmqgs~*NM^HMM%, Nm`egsiem Ngkk|iequNg``lbl~ q|aliq Heiminem` MeaMakeie~q smqgs~ M~~gnemq egi*NNN^HMMM% u Rl~qlsi M~~gnemqegigs Ng``lbl Make~~egi Ng|i~l`eib*RMNMN%, m~ ngkg qmkcei pmsm g~~eb|eliql~ kelkcsg~ al m ngk|ieamaal mu|am iminelsm pgs ~|~ngiqsec|negil~ pmsm m ecslqmH|ia Ug|s H|q|sl6

    Mibl`eim Msvmql_m`gkms Ng``lbl

    _lbbu Jgnd KnNm``lu

    Qjl _eilrgga njgg`L~qjls J|bg@gug`m Kmsukg|iq \iexls~equ

    ^njgg` g La|nmqegi

    Amxea @lxu^nsepp~ Ng``lbl

    Smnjl` @exeib~qgiJl`li Clsi~qlei Jebj njgg`'

    M_LZ Mnmalku'^QLK Mnmalku

    Miml Sgcei~gi_elsnl Ng``lbl

    Ngke~ei al Mu|am L~q|aemiqe` alNm`egsiem

    Cmssu Dllil, _sl~ealiql@uiil al Cel, lnslqmsemIminu Miqgi

    Csemi L) Ngi`luM`lzmials Bgivm`lv@mrslinl Jls~jkmiLise}|l B) K|se``g, Fs)Agiqml A) SmugsaE~sml` Sgaseb|lvHsla Rgga

    L` qskeig ng`lbeg |qe`evmagli l~qm `ecslqm ~l sllsl mn|m`}|els ng`lbeg, |iexls~eama,l~n|l`m al pg~bsmag gpsgl~egim`, ng`lbeg psgl~egim`,psgbsmkm qnieng g xgnmnegim`| gqsg qepg al ei~qeq|nei alli~lmivm pg~ ~ln|iamsem)

    ma a | qcf

    Q al allkl al 3?=? *,% Klae al ebl |l al 3?=?& *!%

    Ig m~~q'qlski m l~n|l`m~ln|iamsm

    Bsma|mag al l~n|l`m ~ln|iamsmg BLA

    M`b|ig~ l~q|ag~ li ng`lbg~,~i qq|`g

    Qq|`g |ixls~qmsg al ag~ mg~

    Qq|`g |ixls~qmsg al n|mqsg mg~

    Qq|`g al kml~qsm

    Qq|`g psgl~gim`

    !3>?::=1)5,

    =?)>,!>35::1

    23?

    =)5,!:?8??

    Qq|`g al agnqgsmag

    @g~ bsma|mag~ al ng`lbg~ ig ~`g bmimik~ ailsg a|smiql ~| xam }|l `g~bsma|mag~ al l~n|l`m~ ~ln|iamsm~, ~ig}|l malk~, qlili k~ gpgsq|iamal~al bmims l~l ailsg li |im nmsslsm }|l

    `l~ mbsmam)

    &@m klaemim l~ l` p|iqg nliqsm` al |imae~qsec|nei agial `m keqma al `g~ eibsl~g~ l~qipgs mssecm al `m klaemim u `m keqma pgs alcmfg)@g~ eibsl~g~ ~gi pmsm qsmcmfmagsl~ m qelkpgngkp`lqg al 3< mg~ al lama g k~)

    H|liql6 rrr)c`~)bgx'lkp'lpWnjmsqW??=)jqk)

    iaenlQgam `m eigskmnei

    = @m~ =? ng~m~ pseinepm`l~ }|l alcl jmnlspmsm sl|ies `g~ sl}|e~eqg~ pmsm gcqlils`m kmugsm al `m~ mu|am~ lalsm`l~ ul~qmqm`l~ pmsm l~q|aemiql~

    = Qepg~ al mu|am iminelsm

    3 ^eqeg~ rlc qe`l~

    3 _m~g~ c~eng~ pmsm gcqlils mu|amiminelsm pmsm l~q|aemiql~ al m l~n|l`m~ln|iamsem u ~|~ mke`em~

    1 _sgbsmkm~ pseinepm`l~ al mu|amiminelsm

    1 Clnm~ pgs ilnl~eama

    < Gqsg~ psgbsmkm~ al mu|am al Nm`egsiem

    Nkg ~g`eneqms mu|am himinelsm

    8 Nkg p|lal ~g`eneqms mu|am iminelsm7

    8 @`lil `m p`mie``m al pslpmsmnei pmsm `mHMH^M li `m Rlc

    : @`lil `m HMH^M li `ilm

    : Mu|am bsmqe~ pmsm ``lims `m HMH^M

    =? ^g`eneql |im clnm pgs ilnl~eama Nm` Bsmiq

    =3 Lixl m~ alk~ ~g`eneq|al~ sl}|lseam~

    =3 Slxe~l ~| Eigskl al Mu|am L~q|aemiqe`

    =3 Slxe~l ~| Eigskl al Mu|am al Nm`egsiem

    =1 Lxm`l m~ glsqm~ al mu|am iminelsm

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    Sl}|e~eqg~ pmsm slneces mu|am iminelsm@m~ =? ng~m~ pseinepm`l~ }|l alcl jmnls pmsm sl|ies`g~ sl}|e~eqg~ pmsm gcqlils `m kmugsm al `m~ mu|am~

    lalsm`l~ u l~qmqm`l~ pmsm l~q|aemiql~6

    = _sl~liqms `m ^g`eneq|a Bsmq|eqm al Mu|am Hlalsm` pmsmL~q|aemiql~, g HMH^M *li eib`~%) \~qla ~g`eneqm m kmugsm al`m~ mu|am~ iminelsm~ ngkp`lqmiag m HMH^M) @m kmilsm k~ne` u k~ speam l~ jmnls`g li `ilm li l` ~eqeg rrr)m~m)bgx)_msm gcqlils mu|am g eigskmnei ~gcsl gqsm~ gpnegil~ al `mHMH^M, ``mkl m` =+:??+1>>+>31>) Li `m HMH^M lingiqsmspslb|iqm~ ~gcsl |~qla ke~kg, ~| mke`em, ~| ~eq|mnei iminelsm u~|~ p`mil~ pmsm l` ng`lbeg) Lingiqsms k~ eigskmnei m pmsqes al`m pbeim :)

    3 _sl~liqms n|m`}|els gqsm ~g`eneq|a g eigskmnei }|l l` ng`lbegg l` l~qmag l ~g`eneqli u psl~liqms ~| B_M xlsenmag pmsm~g`eneqms |im clnm pgs ilnl~eama Nm` Bsmiq jm~qm l` 3 al kmsvg*pbeim =?%)

    > Alkg~qsms ilnl~eama himinelsm *l~qg ig ~l lzebl pmsm `g~ps~qmkg~ lalsm`l~ ^qmgsa ~ei ~|c~eaeg ie pmsm `g~ ps~qmkg~lalsm`l~ _@\^ ie pmsm m`b|im~ clnm~ pgs kseqg%) Ngi~|`ql `mpbeim 5)

    1 Qlils |i aep`gkm al l~n|l`m ~ln|iamsem g ~| Nlsqenmagal Hgskmnei La|nmqexm Blilsm` *BLA, li eib`~% l}|exm`liql,ngkp`lqms `m la|nmnei ~ln|iamsem li |i liqgsig al la|nmneili l` jgbms m|qgsevmag pgs l` l~qmag g mpsgcms |ig al `g~lzklil~ al #nmpmneama pmsm clilnems~l# m|qgsevmag pgs l`Alpmsqmkliqg al La|nmnei al LL)\\)*pmsm l` nm~g al mu|amlalsm`%)

    >+>31>)% Ilnl~qms ~| iklsg al

    ^lb|sg ^gnm` mpsgzkmamkliql >? ki|qg~ pmsm ngiql~qms

    `m~ pslb|iqm~)

    Q a |a hM|i}|l `m kmgsm al `g~ ng`lbg~ l~plsmi }|l |~qla ~| mk`m ngiqsc|mi iminlsmkliql pmsm pmbms ~| la|nmni,

    |im m|am iminlsm p|lal m|ams m nlssms `m cslnjm liqsl ~|~

    sln|s~g~ l` ng~qg al` ng`lbg) @g~ ~b|liql~ qpg~ al m|am

    iminlsm l~qi a~pgic`l~ pmsm |~qla al~al l` bgclsig

    lalsm`, `g~ l~qmag~, `g~ ng`lbg~ `m~ |liql~ psxmam~)

    @m~ c aa ~gi ailsg }|l ig qlil }|l slpmbms }|l blilsm`kliql ~l cm~mi li `m ilnl~ama iminlsm) Mxlsbl

    ~gcsl `m~ clnm~ pgs ilnl~ama Nm` Bsmiq~ al Nm`gsim li l` ~qg

    rrr)nbq)b l iskl~l ~gcsl `m~ clnm~ lalsm`l~ _l``li l` ~qg rrr)q|alqea)la)bx)

    @m~c q qmkci ~gi ailsg bsmq~ pmsm pmbms l`ng`lbg pgs `g blilsm` ~l cm~mi li |i slm al l~q|ag g li |i

    ksqg, ngkg c|lim~ igqm~, nm`nmngil~ m`qm~ li lzklil~,qm`liqg k|~nm`, alpgsqxg | gqsm~ jmc`amal~ l~plnm`l~,

    `alsmvbg, ~lsxng ngk|iqmsg , li gnm~gil~, li `m ilnl~ama

    iminlsm)

    @g~ a qcf q|a a q|aq *lalsm`l~ al` ng`lbg% `l plskqli gcqlils ailsgqsmcmfmiag li nlsqg~ lkp`lg~ aliqsg |lsm al` nmkp|~ pmsm

    m|ams`g m pmbms ~|~ l~q|ag~)

    @g~q ~gi ailsg psl~qmag }|l alcl alxg`xls,blilsm`kliql ngi iqlsl~l~)

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    Q g A m ` m e i g s k m n e i

    _m~g~ c~eng~ pmsm gcqlils mu|amiminelsm pmsm l~q|aemiql~ al `ml~n|l`m ~ln|iamsem u ~|~ mke`em~=_slpmsmnei pmsm l` ng`lbeg N|iag _beim

    @g pseklsg }|l |~qla u ~| mke`em alcli jmnlspmsm pslpmsms~l pmsm es m` ng`lbeg l~ ngklivmsm mjgssms aeilsg) Jmu k|njm~ kmilsm~ algcqlils mu|am pmsm ngklivms, u `g~ clilneg~qsec|qmseg~ p|lali ~ebienms }|l |~qlasln|plsms ~| eixls~ei li la|nmnei ngipg~qlsegseama)

    Qgag l`mg

    3>+32

    ^e mi ig `g jevg, qgkl `g~ lzklil~ ^MQu'g MNQ ngkg m`|kig al` `qekg mg al `ml~n|l`m ~ln|iamsem) Xe~eql g~ ~eqeg~rrr)ng``lblcgmsa)gsb u

    rrr)mnq~q|aliq)gsb)

    Mbg~qg +Aenelkcsl

    Ngiqsm+pgsqmam

    Sla|vnm ~| ~l`lnnei al ng`lbeg~) Slim~lngi g~ slpsl~liqmiql~ al g~ ng`lbeg~ }|lxe~eqmi ~| l~n|l`m g ngk|ieama, u xe~eql `g~~eqeg~ rrr)nm`egsiemng``lbl~)la|,rrr)ng``lblimxebmqgs)bgxurrr)lalsm`~q|aliqmea)la)bgx'njgg~eib)

    Qgag l`mg

    Xe~eql ~enmkliql ~|~ pseinepm`l~ gpnegil~al ng`lbeg~ g slm`enl xe~eqm~ xesq|m`l~ al ~|~~eqeg~ rlc)

    Mbg~qg +Aenelkcsl

    _eam nmsqm~ al slngkliamnei m ~|~ kml~qsg~,ngi~lflsg~, liqslimagsl~, lkp`lmagsl~,mkebg~ u mke`emsl~)

    Qgag l`mg

    Ngiqsm+pgsqmam

    _slpmsl ngi miqenepmnei m~ ~g`eneq|al~ mng`lbeg~ u `g~ li~mug~ al make~ei4 peam m~| mke`em, mkebg~ g m |i ngi~lflsg }|l `g~slxe~li)

    Mbg~qg +Aenelkcsl

    Ngiqsm+pgsqmam

    Gcqlibm ~| qmsflqm g iklsg al` ^lb|sg~gnem`) @g ilnl~eqms pmsm ~g`eneqms mu|am~iminelsm~ lalsm`l~ u m kmugsm al `m~l~qmqm`l~) _msm gcqlils mu|am, xe~eql l` ~eqegrrr)~~m)bgx)

    Mbg~qg +Aenelkcsl

    =

    Gcqlibm |im n|liqm al ngsslg l`lnqsiengbsmqe~ ~e mi ig qelil |im) M~lbsl~l al }|l~| aeslnnei ~lm mpsgpemam pmsm ngk|ienms~lngi g~ ng`lbeg~ u pgqlinem`l~ lkp`lmagsl~)Qm` xlv al~ll nslms |im n|liqm al ngsslgl`lnqsieng lzn`|~exm pmsm l~qg~ il~ u |qe`enl~| igkcsl slm` ngkg igkcsl al |~|mseg, pgslflkp`g, mkmiamfgil~Oumjgg)ngk)

    Qgag l`mg

    ~q rc q

    m|a a qa a nrrr)n~mn)nm)bgxrrr)nm`bsmiq~)gsbrrr)nm)bgx'la|nmqgirrr)rlcbsmiq~1~q|aliq~)gsb

    Aq a c qrrr)m~qrlc)ngkrrr)ng``lblilq)ngk'kmnj3 *Ql`lqepg pmsm pls~gim~ ngi psgc`lkm~m|aeqexg~ =+:??+>3>+>31>)

    ~ q | a a |q q q m~m |j Li ngi~ln|linm, l` Alpmsqmkliqg al La|nmni al LL)\\),

    li ~| l~|lsvg pmsm }|l `m psl~liqmni al `m HMH^M ~lm mi

    k~ n`, jm al~mssg``mag `m jlssmkliqm Sln|plsmni al Amqg~

    al` ^lsxng al ekp|l~qg~ eiqlsig~ *eS^, li ib`~% pmsm qsmi~lss

    m|qgkqnmkliql `m igskmni al kp|l~qg~ al~al l` eS^

    aslnqmkliql m `m HMH^M) L~qm jlssmkliqm l~q a~pgic`l ~`g

    pmsm `m~ pls~gim~ }|l, m `m jgsm al psl~liqms `m HMH^M, jmmi

    ngkp`lqmag ~| aln`msmni al kp|l~qg~ al` mg miqlsgs `g~

    amqg~ ~l qsmi~lsli inmkliql ngi ~| plsk~g)

    m q | a a |q7Ig l~plsl jm~qm }|l |~qla g ~|~ pmasl~ jmmi psl~liqmag |im

    aln`msmni al kp|l~qg~ pmsm lixms `m HMH^M) K~ cli, lixl

    ~| HMH^M ngi miqnpmni |q`nl nsm~ al ibsl~g~ l~qkmam~,

    cm~mam~ li `m aln`msmni al` mg miqlsgs g li ~|~ qm`gil~ al

    pmbm) *^ `g~ n`n|`g~ l~qkmag~ ~gi ~binmqxmkliql kmgsl~ g

    kligsl~ }|l g~ iklsg~ slm`l~, ~| ngiqsc|ni mk`ms pslx~qm

    TLHN, li ib`~[ p|lal nmkcms l~ psgcmc`l }|l ~l kga}|li

    `m~ glsqm~ al m|am iminlsm%)

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    Ac h c a7Alcls ~|ki~qsms `m igskmni iminlsm ~gcsl ~|~ pmasl~ li `m

    HMH^M, m klig~ }|l |im al `m~ ~b|liql~ ~q|mngil~ `l mp`nmi m |~qla6

    u Imn miql~ al` = al lilsg al =5:5)

    u L~q nm~mag jm~qm `m lnjm li }|l ngkp`lql `m HMH^M)

    u L~q|ams pmsm gcqlils |i qq|`g al kml~qsm, agnqgsmag | gqsg

    nlsqnmag al pg~bsmag li l` gqgg al 3?=3)

    u Mnq|m`kliql l~ q li ~lsxn g mnq xg *a~q iqg al` liqslimkliqg% li `m~

    H|lsvm~ Mskmam~ al LL)\\)

    u L~ xlqlsmig al `m~ H|lsvm~ Mskmam~ al LL)\\) *g `g ~ls m pmsqs al`

    >? al f|ig al 3?=>%, g m~~q m |im mnmalkm al ~lsxng |l amag al

    cmfm alcag m ngiangil~ }|l ig |lsgi al~jgisg~m~)

    u Qlil jfg~ n|m kmi|qlini iminlsm li k~ al `m kqma al` xm`gs

    l~q m ~| nmsbg)

    u Qlil pls~gim~ m nmsbg, mpmsql al ~| ni|bl g jfg~, }|l xxli ngi

    |~qla }|l slncli k~ al `m kqma al `m kmi|qlini iminlsm

    al ~| pmsql)

    u M pmsq s al `g~ => mg~ al lama, ~|~ ag~ pmasl~ m` `lnlsgi, l~q|xg cmfg

    n|amag magpqxg qlkpgsm`, |l alplialiql g l~q|xg cmfg `m q|ql`m al

    `g~ qsc|im`l~)

    u L~ |i kligs al lama lkminpmag g l~q cmfg n|~qgam `lbm` ~lbi `g

    alqlski l` qsc|im` al` l~qmag al ~| sl~alinm `lbm`)

    u L~ kligs ig mngkpmmag }|l ~l m|qgkmiqlil, l~q ~i jgbms g

    ngssl sl~bg al }|lams~l ~i jgbms *~lbi `g alqlski ~| l~n|l`m

    ~ln|iamsm, l` a~qsqg l~ng`ms, l` sl|bg al lklsblinm g |i psgbsmkm

    al xxliam al qsmi~ni%)

    ^ iib|im al `m~ ~q|mngil~ miqlsgsl~ ~l mp`nm m ~| nm~g, alcl in`|s

    `m igskmni iminlsm ~gcsl ~|~ pmasl~ li `m HMH^M)

    Gc~lsxl }|l |~qla ig p|lal gkqs `m igskmni iminlsm al ~|~

    pmasl~ pgs l` ~kp`l jlnjg al xxs pgs ~| psgpm n|liqm, g pgs}|l

    ~|~ pmasl~ m ig `g in`|li ngkg alplialiql li ~| aln`msmni alkp|l~qg~, g pgs}|l l``g~ nslli }|l ig l~ ~| sl~pgi~mc`ama m|ams`g m

    pmbms l` ng`lbg)

    ^ iib|im al `m~ miqlsgsl~ ~q|mngil~ ~l mp`nm li ~| nm~g, plsg nsll

    }|l ~| ~q|mni g jmnl ialplialiql, ngk|i}|l~l ngi m gnim al

    m|am iminlsm al` ng`lbg m` }|l qlil pli~mag m~~qs)

    ` h a | a | aac m~m7Ig kpgsqm }|i `g sln`mk ngkg lzlini ~nm`)

    u Li l` nm~g al pmasl~ axgsnmag~ g ~lpmsmag~, psgpgsngil `m~

    sl~p|l~qm~ sl`mqxm~ m` pmasl g kmasl ngi }|li jmm xxag k~ qlkpg

    li `g~ `qkg~ =3 kl~l~) *^ ig xx ngi |ig al ~|~ pmasl~ pgs k~qlkpg }|l ngi l` gqsg, ngiql~ql li sl`mni m` }|l `l psgpgsngi k~

    kmi|qlini a|smiql `g~ `qkg~ agnl kl~l~)%

    u ^ ~| pmasl g kmasl l~ x|ag*m% g ~g`qlsg*m%, ngiql~ql `m~ pslb|iqm~ ngi

    `m igskmni al l~l ing pmasl g kmasl)

    u ^ ~| pmasl g kmasl ~l jm x|l`qg m nm~ms m `m lnjm li }|l |~qla ``lim

    `m HMH^M, ngiql~ql `m~ pslb|iqm~ li sl`mni ngi ` g l``m ngi `m

    pls~gim ngi `m }|l ~l nm~ *l~ alns, ~| pmasm~qsg g kmasm~qsm%)

    ~| c |a h@m HMH^M pal igskmni ~gcsl l` xm`gs al alqlskimag~

    clil~ m` kgkliqg al ``lims l` gsk|`msg, in`|ag~ `g~

    ~b|liql~6

    u Mjgssg~

    u Mnngil~

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    *^e jm ngkp`lqmag klig~ al 31 |ieamal~ ~lkl~qsm`l~, alclsqsmcmfms ngi ~| l~n|l`m ~ln|iamsem pmsm psl~liqms |i B_Mnm`n|`mag |~miag m~ nm`enmnegil~ al m l~n|l`m ~ln|iamsem g~| B_M sl~qmc`lneag, l` n|m` ~l p|lal |~ms ~`g pmsm `m clnm pgsilnl~eama Nm` Bsmiq C Ngkplqeqexm)%

    Gqsm~ gpnegil~^e slnece li~lmivm li l` jgbms4 g m~e~qe m |im l~n|l`m }|lig gqgsbm nm`enmnegil~, }|l ig l~q qgqm`kliql mnslaeqmam pgs|im mblinem al mnslaeqmnei slbegim` g }|l ig qelil |im `e~qm aln|s~g~ mpsgcmag~ pgs m \iexls~eama al Nm`egsiem, alcl lixems~| nm`enmnei al` BLA, ^MQ g MNQ) ^e qelil |i B_M ngi |im

    miqeblama al k~ al neing mg~, p|lal psl~liqms m nm`enmneial |i lzmkli li `|bms al` B_M) Qgam~ `m~ nm`enmnegil~ al `g~lzklil~ alcli psl~liqms~l |~miag m xls~ei ekpsl~m al`gsk|`mseg al xlsenmnei al B_M pmsm clnm Nm` Bsmiq ae~pgiec`lli l` ~eqeg rrr)nm`bsmiq~)gsb)

    RlcBsmiq~ gs ^q|aliq~ pmsm slm`evms l`~lb|ekeliqg al clnm~ Nm` Bsmiq a|smiql `m~31 jgsm~, `g~ 2 am~ al `m ~lkmim)L` ~eqeg RlcBsmiq~ gs q|aliq~ l psgpgsnegim sln|s~g~,eigskmnei u jlssmkeliqm~ }|l `l ~lsxesi li l` psgnl~g al mu|am

    iminelsm pmsm l` ng`lbeg) Malk~, l` ~eqeg `l plskeql kmilfmsli `ilm ~|~ n|liqm~ al clnm~ Nm` Bsmiq u'g Njmll Bsmiq, xlsmnq|m`evmnegil~, slm`evms nmkceg~ al l~n|l`m g aeslnnei, jmnlsngsslnnegil~, p|c`enms ~g`eneq|al~ al plske~g pmsm m|~liqms~l ungkp`lqms gsk|`mseg~4 qgag l~qg li ilm li l` ~eqegrrr)rlcbsmiq~1~q|aliq~)gsb) L~ ekpgsqmiql ~mcls }|l ~| n|liqmRlcBsmiq~ gs ^q|aliq~ ig sllkp`mvm ~|~ n|liqm~ al `m l~n|l`m gal HMH^M, nmam n|liqm ~l alcl ngiqsg`ms u makeie~qsms al kmilsm~lpmsmam)

    Al~lm slm`evms k~ pslb|iqm~ ~gcsl ~|~g`eneq|a al clnm pgs ilnl~eama Nm` Bsmiq7@g~ slpsl~liqmiql~ al ~lsxeneg~ m` n`eliql al m Ngke~ei al Mu|amL~q|aemiqe` al Nm`egsiem p|lali mu|ams`g) ^`g alcl ``mkms m`=+:::+331+238: u ~l`lnnegims `m gpnei k~ ngixlieliql li l`kli) _|lal gcqlils |im mnq|m`evmnei al ~| HMH^M g al ~| B_Mxlsenmag pmsm clnm Nm` Bsmiq, u ngi~|`qms l` l~qmag sl~plnqg m~| gqgsbmkeliqg)

    Qm``lsl~ al Aeilsg pmsm l` ng`lbegGcqlibm mu|am pmsm ngkp`lqms ~| HMH^M, m~e~qm m |i qm``lsbsmqe~ al Nm~j gs Ng``lbl li lilsg g lcslsg) @g~ l~q|aemiql~al` `qekg mg al l~n|l`m ~ln|iamsem }|l m~e~qmi m |i qm``lsal Nm~j gs Ng``lbl u }|l ~g`eneqli |im clnm pgs ilnl~eamaNm` Bsmiq miql~ al `m lnjm al xlinekeliqg al` 3 al kmsvgpg~ec`lkliql slimi `g~ sl}|e~eqg~ pmsm gcqlils |im clnmmaenegim` pgs kseqg al !=,???) _msm gcqlils `m~ lnjm~ u`|bmsl~, xe~eql l` ~eqeg rrr)nm`egsiemnm~jgsng``lbl)gsb)

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    n k g ~ g ` e n e Q m s m u \ A m e i m i n e l s m

    < Lixl `m~ alk~ ~g`eneq|al~ sl}|lseam~

    M`b|ig~ ng`lbeg~ |qe`evmi `m HMH^M u gqsm~ ~g`eneq|al~ maenegim`l~,ngkg l` pls` N^^'Heiminem` Mea _SGHE@L, pmsm gqgsbms l` aeilsg}|l qelili pmsm mu|am iminelsm psexmam) M aelslinem al `m HMH^M,n|l~qm aeilsg psl~liqms l` pls` _SGHE@L u ~`g l~q ae~pgiec`l lil` ~eqeg jqqp6''psgh`lgi`eil)ng``lblcgmsa)gsb)

    _slb|iql li `m gneim al mu|am iminelsm al nmam ng`lbeg m` }|ll~q ngi~ealsmiag m~e~qes }| gsk|`mseg~ ~l sl}|elsli pmsm~g`eneqms mu|am iminelsm) Qmkcei pslb|iql pgs `m~ lnjm~ alxlinekeliqg u ~e l~qm l~ `m lnjm al lixg pg~qm` *g lnjm alqsmi~ke~ei l`lnqsienm% g m lnjm al slnlpnei) Sln|lsal }|l ~|B_M pmsm clnm pgs ilnl~eama Nm` Bsmiq alcl ~ls lixemag miql~al` 3 al kmsvg ~e al~lm }|l ~l `g ngi~ealsl pmsm aenjm clnm)

    M`b|ig~ psgbsmkm~ al mu|am l~qmqm` lzebli ~|~ psgpeg~gsk|`mseg~ al ~g`eneq|a malk~ al m HMH^M)

    8 Slxe~l l` Eigskl al Mu|am L~q|aemiqe`*^MS, li eib`~%

    ^e psl~liqm ~| HMH^M li `ilm u psgpgsnegim qgam~ `m~ skm~l`lnqsienm~ sl}|lseam~ u |im aeslnnei al ngsslg l`lnqsieng, pgs`g blilsm` slneces ~| ^MS aliqsg al `m~ 23 jgsm~) _msm m~lb|sms~lal slneces l` ngsslg l`lnqsieng, eiae}|l `m ~eb|eliql aeslnneingkg ~lb|sm6 np~igqeuOnp~lkme`)la)bgx) e lixm m xls~ei lipmpl` al `m HMH^M, l~ pg~ec`l }|l ~| ^MS ~l alkgsl jm~qm ag~~lkmim~)

    L` ^MS ngiqelil `m eigskmnei }|l psgpgsnegi li `m HMH^M lein`|ul ~| LHN pslxe~qm pmsm l` mg `lnqexg) C|~}|l l~m nmiqeamaf|iqg m `m pm`mcsm LHN) li `m pmsql ~|plsegs al ~| ^MS, ig qliasl` ~ebig al a`ms) ^e jmu m`bi iklsg m` `mag al `m pm`mcsm LHN,ein`|~g ~e ~gi qgag~ nlsg, l~g eiaenm }|l ~| LHN jm ~eag nm`n|`mag)_gs lflkp`g, |i LHN al ?3

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    ^MS u NMS

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    eqq-=) Slx~l al iklamqg ~| ^MS NMS)

    3) Slm`nl `m~ ngsslnngil~ ngi qlkpg~|nliql)

    >) Gcqlibm mnnl~g m ~| NMS li `ilm li l`~qg rrr)rlcbq1q|alq)b )

    1) Malk~ al` ^MS l` NMS, qmkcilzmkil `m~ glsqm~ al m|am~

    iminlsm~ al nmam ng`lbg li l` }|l jm

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    mnnl~g m ~| NMS)

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    n k g ~ g ` e n e Q m s m u \ A m e i m i n e l s m

    gq a |a h6 p|q }|ac j |a u ]| lnjm~ al xlinkliqg alcg qlils li n|liqm7

    u N|` l~ l` pslng ilqg al` ng `lbg4 l` NGM klig~ ~| m|amiminlsm7

    u Qlil m`b|im nsn|i~qminm l~plnm`, ngkg psaam al`qsmcmfg g nmkcg~ li ~| ~q|mni mk`ms7 ^ ~| sl~p|l~qm l~mskmqxm, ngk|i}|l~l`g m `m gnim al m|am iminlsm)

    u N|iqg jmi m|kliqmag `g~ ng~qg~ li nmam |ig al `g~ `qkg~qsl~ mg~7

    u L` ng`lbg gslnl |i p`mi al pmbg }|l `l plskqs a~qsc|s~|~ pmbg~ m `g `msbg al` mg `lnqxg7

    u ]| pmsql al `m m|am ~gi clnm~ pgs ilnl~ama clnm~ pgsksqg7 ^gi sligxmc`l~ qgag~ `g~ mg~7 L` kgiqg m|kliqms~ ~| kmqsn|`m | gqsg~ ng~ qg~ ~|cli7 Jm ngiangil~ qskig~ l~plnng~ pmsm `m sligxmni7

    u Jm clnm~ pgs ksqg a~pgic`l~7 Al ~ls m~, nkg p|lal~g`nqms`m~7 Jm m`bi gqsg qpg al m|am cm~mag li `milnl~ama7

    u ^ `l gslnli pmsqnpms li |i psgbsmkm al qsmcmfg l~q|ag gal lkp`lg pmsm l~q|amiql~, n|iqm~ jgsm~ alcls qsmcmfmspgs ~lkmim7 N|` l~ l` pmbg pgs jgsm `m a~pgic`ama al

    lkp`lg~7 L~qg~ lkp`lg~ l~qi sl`mngimag~ ngi ~| psgbsmkmal l~q|ag~ g ~| gcflqxg psgl~gim`7

    u N|iqm m|am li ps~qmkg~ `l gslnli7 N|` l~ `m qm~m aliqls~7 N|`l~ ~gi `g~ qskig~ ngiangil~ pmsm nmamps~qmkg7

    u ]| ngk~gil~ qlias }|l pmbms pgs ~| ps~qmkg lalsm`7

    u ^ `m~ clnm~ pgs ilnl~ama, `m~ clnm~ pgs ksqg g `g~ps~qmkg~ lalsm`l~ ig n|csli l` qgqm` al ~| m|am iminlsmnm`n|`mam, p|lal slqsms |i pgng k~ al ~|~ mjgssg~, p|lalgcqlils |i qsmcmfg m klag qlkpg, slngsqms ~|~ bm~qg~ gngi~alsms gqsg~ ng`lbg~ klig~ ng~qg~g~7 G ilnl~qm plask~ ailsg psl~qmag7

    u N|` l~ `m al|am psgklag pgs ps~qmkg al `g~ bsma|mag~ liblilsm` al` ng`lbg7 al `g~ bsma|mag~ li ~| psgbsmkm al

    l~q|ag~7

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    u N|` ~lsm `m m|am iminlsm }|l `l gqgsb|li li `g~ mg~~|c~b|liql~7

    : Lxm`l `m~ glsqm~ al mu|am himinelsm

    @m gneim al mu|am iminelsm al nmam ng`lbeg ein`|eag li ~| `e~qmal `m HMH^M *li `m~ }|l jm ~eag g ~ls mnlpqmag% `l psgpgsnegims|im lxm`|mnei al ~| alslnjg m pmsqenepms pmsm slneces mu|amiminelsm ~e psl~liq m~ ~g`eneq|al~ sl}|lseam~ u n|kp`e ngi`m~ lnjm~ al xlinekeliqg) e ~| ng`lbeg l peal k~ eigskmnei,m~lbsl~l al sl~pgials al eiklaemqg)

    @m glsqm p|lal ein`|es l` NGM mi|m` al` ng`lbeg4 l` kgiqg }|l|~qla u ~| mke`em alcli mpgsqms4 u l` kgiqg }|l ~ls n|celsqg pgs|im ngkceimnei al clnm~ pgs ilnl~eama, psgbsmkm~ al qsmcmfg ul~q|aeg, ps~qmkg~ u gqsg qepg al mu|am)

    ^|~ glsqm~ blilsm`kliql xmsemsi al |i ng`lbeg m gqsg, pgs gqmiqg, l~ c|lim ealm l~plsms jm~qm gcqlils m~ sl~p|l~qm~ alqgag~ miql~ al qgkms |im alne~ei4 plsg ig ~l slqsm~l li lznl~gu pelsam m~ lnjm~ al xlinekeliqg) G p|lal mnlpqms m glsqmal |i ng`lbeg keliqsm~ l~plsm `m sl~p|l~qm al `m l~n|l`m al~| psllslinem) M~lbsl~l al eigskms m` psekls ng`lbeg ~e, ngipg~qlsegseama, alneal slnjmvms ~| glsqm)

    ^ ~| ~q|mni iminlsm nmkcm al~p|~ al lixms `m HMH^M, ngk|i}|l~l ngi ~| gnim al m|am iminlsm) _slb|iql ~ ~| ng`lbg qlil |ipsgnl~g gskm` pmsm kmilfms `m~ ~g`nq|al~ al mpl`mni pslpsl~l pmsm psgpgsngims `m agn|kliqmni al sl~pm`ag) Ig ~lm qkag, ~l qsmqmal ~| |q|sg-

    Sln|lsal }|l lnleklql alcl nlq l}|lql nklq al u|a, |lal llbe u|a}|l alll) ^i lkcmsbg, ~ alnal slnjmvms `m m|am, l~psgcmc`l }|l `|lbg, ~ nmkcm al pmslnls, m ig l~q a~pgic`l)

    ^ `l gslnli |i ps~qmkg, sln|lsal }|l mnlpqms |i ps~qmkg

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    `m~ glsqm~ al m|am iminlsm, |~l `m jgfm al qsmcmfg al `m

    pbim = @`lil `m HMH^M li `ilm1 ^g`nql |im clnm pgs ilnl~ama Nm` Bsmiq< Lixl m~ alk~ ~g`nq|al~ sl}|lsam~8 Slx~l ~| eigskl al M|am L~q|amiq`2 Slx~l ~| eigskl al M|am al Nm`gsim: Lxm`l `m~ glsqm~ al m|am iminlsm

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    Lxm`l `m~ glsqm~ al mu|am iminelsm\im gskm speam al ngkpmsms `m~ glsqm~ u alqlskeims ~|~ bm~qg~ ilqg~ l~ sl~qms qgam `m mu|am ligskm al clnm~, pgs ilnl~eama u pgs kseqg, u gqsg qepg al mu|am bsmqe~ }|l slnecl al ~| ng~qg alm~e~qlinem) Sln|lsal }|l `g~ ng`lbeg~ qelili aelsliql~ kmilsm~ al gqgsbms mu|am iminelsm u aelsliql~ng~qg~ al m~e~qlinem)=

    NG@LBEG

    Ng~qg al m~e~qlinem

    Kmqsn|`m u n|gqm~

    M`gfmkeliqg u m`ekliqg~3

    @ecsg~ u qe`l~ l~ng`msl~

    ^|c~eaeg pmsm ngkp|qmagsm

    Gqsm~ n|gqm~

    Gqsg~ bm~qg~

    Qgqm` al bm~qg~ al` ng`lbeg *M%

    MU\AM LI HGSKM AL CLNM^ _GS ILNL^EAMA'KSEQG

    Clnm Hlalsm` _l``

    Clnm Hlalsm` Ngkp`lkliqmsempmsm m Gpgsq|ieama La|nmqexm *H^LGB, li eib`~%

    Clnm QLMNJ

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    Gqsm~ clnm~

    Clnm~ pgs kseqgMu|am cm~mam li `m ei~qe q|nei

    Qgqm` al `m mu|am li gskm al clnm~ pgsilnl~eama'kseqg *C%

    ^|~ ng~qg~ ilqg~ *M C%

    _S^QMKG^

    _s~qmkg Hlalsm` qmgsa ngi ~|c~eaeg

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    _s~qmkg Hlalsm` _lsdei~

    _s~qmkg Hlalsm` _@\^

    _s~qmkg psexmag

    Qgqm` al `m mu|am li gskm al ps~qmkg~ *N%

    Qgqm` al `m mu|am himinelsm *C $ N ; A%

    ^|~ bm~qg~ al cg`~e``g *M A%

    _sgbsmkm al qsmcmfg u l~q|aeg g al lkp`lg pmsml~q|aemiql~ *L%

    = Ig qgag~ g~ ng`lbeg~ pmsqenepmi li qgag~ g~ psgbsmkm~ al mu|am himinelsm e~qmag~ mssecm)3 ^e l` m`gfmkeliqg u `g~ m`ekliqg~ ig ~gi pmsql al` ngiqsmqg al xexeliam4 xlseh}|l `g~ ng~qg~ al m`}|e`ls `gnm` li `m ghneim al xexeliam al ~|

    ng`lbeg, li l` plseaeng gnm` g li `ilm pgs Eiqlsilq)

    ^mnsmkliqg NN

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    rrr)mnlcggd)ngk'nm~jgsng``lblnm`gsim

    k ~ g p n e g i l ~ p m s m p m b m s l ` n g ` l b e g

    @m~ clnm~ pgs ilnl~eama Nm` Bsmiq~gi aeilsg bsmqe~, ~g`enql`m~ miql~ al`3 al kmsvg-Jmu xmseg~ qepg~ al clnm pgs ilnl~eama Nm` Bsmiq makeie~qsmag~ pgs `m Ngke~ei al Mu|am L~q|aemiqe`al Nm`egsiem) \~qla ~ekp`lkliql alcl lixems ~| ~g`eneq|a jm~qm `m lnjm al xlinekeliqg al` 3 al kmsvgu ig~gqsg~ alqlskeimslkg~ pmsm }| clnm Nm` Bsmiq slil `g~ sl}|e~eqg~) ^| clnm Nm` Bsmiq `g ~lb|eseialpliaeliqlkliql al `m l~n|l`m al` l~qmag al Nm`egsiem }|l l`efm, u ig alcl alxg`xls l` aeilsgslneceag) _msm ~g`eneqms`m, ngi~|`ql m pbeim =?)

    Clnm~ Nm` Bsmiq M pgs Alslnjg6 ~l p|lali |qe`evms pmsm pmbms`m kmqsn|`m u `m~ n|gqm~ al ng`lbeg~ pc`eng~, psexmag~ u qmkceial m`b|ig~ ng`lbeg~ psgl~egim`l~ psexmag~) Li m \iexls~eama

    L~qmqm` al Nm`egsiem u li `m \iexls~eama al Nm`egsiem, `m clnm pgsilnl~eama Nm` Bsmiq M n|csl `m~ n|gqm~ al qgag l` ~e~qlkm, jm~qm|i kgiqg al !

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    Clnm~ Nm` Bsmiq C Ngkplqeqexm~6 ~gi pmsm l~q|aemiql~ }|lqelili |i B_M al 3)?, ngkg kiekg, u }|l plsqlilnli m mke`em~ngi nesn|i~qminem~ iminelsm~ al~mxgsmc`l~ u al cmfg~ eibsl~g~)^l p|lali |qe`evms pmsm pmbms `m kmqsn|`m, `m~ n|gqm~ u `g~ ng~qg~al mnnl~g li l~n|l`m~ nm`enmam~ al Nm`egsiem n|ug~ psgbsmkm~qlibmi |im a|smnei al |i mg ngkg kiekg)

    ^e |~qla gcqelil |im clnm pgs ilnl~eama Nm` Bsmiq C Ngkplqeqexm,~`g pgas |qe`evms`m pmsm n|cses `g~ ng~qg~ al mnnl~g li l`

    psekls mg al l~q|aeg) L~qg~ ng~qg~ ngkpsliali bm~qg~ alkmi|qlinei, qsmi~pgsql, qe`l~ l~ng`msl~ u `ecsg~) M` eieneg al`~lb|iag mg, p|lal |qe`evms `m clnm Nm` Bsmiq C Ngkplqeqexm pmsmpmbms m kmqsn|`m u m~ n|gqm~ al ng`lbeg~ pc`eng~ g psexmag~al Nm`egsiem, ngi nmsslsm~ al n|mqsg mg~, u li gqsm~ l~n|l`m~nm`enmam~)

    Slil |~qla `g~ sl}|e~eqg~7@g~ kgiqg~ al `m~ clnm~ pgs ilnl~eama Nm` Bsmiq ~l cm~mi li |imm~e~qlinem m qelkpg ngkp`lqg, li ngi~ln|linem, ~e ~| m~e~qlinem l~kligs, l~ psgcmc`l }|l l` kgiqg ~l sla|vnm) _msm slneces `m clnmNm` Bsmiq, alcl n|kp`es ngi g~ sl}|e~eqg~ al psgbsl~g mnmakeng~mqe~mnqgseg *^M_, li eib`~% u l~qms ei~nseqg m` klig~ klaegqelkpg *~le~ |ieamal~ pgs ~lkl~qsl g ~| l}|exm`liql%) _|lal jmcls|im lznlpnei li l` `qekg plsgag mnmakeng al ~| psgbsmkm

    al n|mqsg mg~, ~e ~`g alcl n|s~ms |im~ pgnm~ |ieamal~ pmsmbsma|ms~l)

    _msm ~g`eneqms |im clnm pgs ilnl~eama Nm` Bsmiq, |~qla alcl6

    u lixems `m HMH^M u ~| B_M xlsenmag pmsm clnm Nm` Bsmiq miql~al `m lnjm al xlinekeliqg *ngi~|`ql `m pbeim =?%,

    u ~ls ne|amamig al LL)\\), sl~ealiql plskmiliql | lzqsmiflsgngi alslnjg m pmsqenepms *ig l~ ilnl~mseg }|l ~|~ pmasl~ `g~lmi%,

    u ~ls sl~ealiql al Nm`egsiem *ngi~|`ql `m~ pbeim~ =: u >2%,

    u n|kp`es ngi g~ sl}|e~eqg~ al B_M kiekg~,

    u qlils |i iklsg al ^lb|sg ^gnem`,

    u m~e~qes m |i ng`lbeg al Nm`egsiem nm`enmag,

    u l~qms l~q|aemiag |i psgbsmkm al qq|`g al pslbsmag, qq|`g albsmag g al nmpmneqmnei qnienm gn|pmnegim`,

    u ig qlils |i qq|`g |iexls~eqmseg g psgl~egim` *lznlpqg li l`nm~g al `m~ clnm~ pgs ilnl~eama Nm` Bsmiq lzqliaeam~ al `g~psgbsmkm~ al nlsqenmnei al kml~qsg'psgl~gs%,

    u qlils ilnl~eama iminelsm ~lbi `g~ ng~qg~ al ~| ng`lbeg u ~|LHN *ngi~|`ql `m pbeim 5%,

    u qlils eibsl~g~ u celil~ mke`emsl~ }|l l~qi pgs alcmfg al `g~iexl`l~ kzekg~ l~qmc`lneag~ *ngi~|`ql m~ pbeim~ 2 u =:%,

    u pmsqenepms li |i psgbsmkm ngia|nliql m `m gcqlinei al |i qq|`gg nlsqenmag al pslbsmag,

    u l~qms ei~nseqg klaeg qelkpg, ngkg kiekg,

    u ei~nseces~l li `g~ slbe~qsg~ ke`eqmsl~ al` ^e~qlkm al ^lsxeneg^l`lnqexg al LL)\\) *xmsgil~ al =: m 3< mg~%,

    u ig mal|ams sllkcg`~g~ pgs |im clnm lalsm` g l~qmqm` ie l~qms likgsm sl~plnqg m |i ps~qmkg l~q|aemiqe`)

    \~qla qelil bmsmiqevmag l` gqgsbmkeliqg al|im clnm Nm` Bsmiq li `g~ ~eb|eliql~ nm~g~6

    u ~e l~ l~q|aemiql al` `qekg mg al `m l~n|l`m ~ln|iamsem,bsma|mag slneliql g mnmcm al slneces ~| Nlsqenmag alHgskmnei La|nmqexm Blilsm` *BLA, li eib`~%,

    u ~e ~g`eneqm `m clnm miql~ al` 3 al kmsvg,

    u ~e ~l bsmam al |im l~n|l`m ~ln|iamsem al Nm`egsiem,

    u ~e slil g~ sl}|e~eqg~ al pmsqenepmnei u qelil ilnl~eamaiminelsm&)

    &`m ilnl~eama himinelsm ~l alqlskeim lxm`|miag ~e g~ eibsl~g~

    u celil~ al `m mke` em l~qi g ig pgs alcmfg al `g~ xm`gsl~

    qgpl l~qmc`lneag~) _msm gcqlils k~ eigskmnei, ngi~|`ql m~

    pbeim~ 2 u =:)

    Clnm Nm` Bsmiq pgs Alslnjg6 N|iag p|lal~g`eneqms`m7

    u Li ~| `qekg mg al l~n|l`m ~ln|iamsem,

    u A|smiql l` psekls mg pg~qlsegs m ~| bsma|mnei al |im l~n|l`m~ln|iamsem al Nm`egsiem g n|miag slnecl ~| BLA,

    u Ngkg l~q|aemiql }|l ~l qsmi~lsl al~al |i Ng`lbeg Ngk|ieqmsegal Nm`egsiem, ~elkpsl }|l qlibm klig~ al 3: mg~ al lama)

    Mp`mvmkeliqg al pmbg pgs ~lsxeneg ke`eqms^e l~q li l` ~lsxeneg mnqexg al `m~ H|lsvm~ Mskmam~ g li l`^lsxeneg al B|msamng~qm~ al LL)\\), l~ pg~ec`l }|l ~l `l plskeqmmp`mvms l` pmbg al ~| clnm Nm` Bsmiq jm~qm pgs |i plsgag al qsl~mg~) ^`g ``lil l` gsk|`mseg al _lqenei al mp`mvmkeliqg B+=3|cenmag li l` ~eqeg rrr)rlcbsmiq~1~q|aliq~)gsb) L`efm `m gpneiHgsk~'Mpp`enmqegi~ THgsk|`mseg~'^g`eneq|al~[ al m alslnjm)

    Xm m m~e~qes pseklsg m |i ng`lbeg ngk|ieqmseg7Clnm Nm` Bsmiq M li Sl~lsxm6 ^e l~ pmsqenepmiql al |im clnm pgsilnl~eama Nm` Bsmiq M u alneal m~e~qes m |i Ng`lbeg Ngk|ieqmseg alNm`egsiem, ig slneces ieibi pmbg) ^l `l sl~lsxms `m clnm a|smiqlag~ mg~ pmsm }|l `m |qe`enl n|miag ~l qsmi~lsm m |i ng`lbegal Nm`egsiem ngi pmbg al kmqsn|`m g n|gqm) _msm ngi~lsxms

    ~| alslnjg m pmsqenepms pmsm |im clnm li sl~lsxm al ng`lbegngk|ieqmseg, alcl l~qms ei~nseqg, ngkg kiekg, klaeg qelkpga|smiql l` plsgag al gqgg) ^e |~qla mqsmxl~ nesn|i~qminem~iminelsm~, pls~gim`l~ g la|nmqexm~, }|l l~q|xelsgi k~ m`` al~| ngiqsg` u ~qm~ `l ekpeaelsgi ngkp`lqms ~| la|nmnei li |ing`lbeg ngk|ieqmseg li ag~ mg~, p|lal psl~liqms l` gsk|`msegal Mpl`mnegil~ al clnm~ pgs ilnl~eama Nm` Bsmiq B+=: |cenmagli l` ~eqeg rrr)n~mn)nm)bgx'agn)m~p7ea;:?m i al ~g`eneqms `mlzqli~ei al |i mg al ~| clnm li sl~lsxm)

    L~q `e~qg pmsm slm`evms `m qsmi~lslinem7 Xe~eql l` ~eqegrrr)rlcbsmiq~1~q|aliq~)gsb pmsm }|l ~l sllxm`l ~| alslnjgm pmsqenepms li `m clnm pgs ilnl~eama Nm` Bsmiq u ngkp`lql l`gsk|`mseg al Nmkceg al slbe~qsg al clnm B+=? pmsm l~q|aemiql~*L`efm m gpnei Hgsk~'Mpp`enmqegi~ THgsk|`mseg~'^g eneq|al~[ al malslnjm%) Malk~, eigskl m ~| i|lxg ng`lbeg }|l qelil |im clnm

    Nm` Bsmiq M li sl~lsxm)

    n| a q c Aj c nqqx7@m~ clnm~ Nm` Bsmiq |lsgi nslmam~ pgs `m M~mkc`lm @lb~`mqxmal Nm`gsim pmsm psgpgsngims m|am iminlsm m `m~ mk`m~ alibsl~g~ cmfg~ g klag~)

    ` cln N Bq Allnj l~qi bmsmiqvmam~ pmsm qgagbsma|mag al |im l~n|l`m ~ln|iamsm }|l qlibm |i B_M al 3)?,ngkg kikg, }|l malk~ n|kp`l ngi `g~ sl}|~qg~ *in`|ag l` alilnl~ama iminlsm% al `m clnm pgs ilnl~ama Nm` Bsmiq }|l `m~g`nqm jm~qm l` 3al kv al ~| `qkg mg al l~n|l`m ~ln|iamsmg al` mg ~b|liql m ~| bsma|mni) @m bmsmiqm mcmsnm m `g~l~q|amiql~ al` `qkg mg al l~n|l`m ~ln|iamsm }|l m~~qli m |iNg`lbg Ngk|iqmsg al Nm`gsim }|l n|kp`li ngi `g~ sl}|~qg~m` kgkliqg al ~| qsmi~lslinm m |i ng`lbg al n|mqsg mg~)

    @g~ l~q|amiql~ }|l ig l~qi li ~| `qkg mg al l~n|l`m~ln|iamsm g }|l ig ~gi bsma|mag~ slnliql~ p|lali ngkplqs pgs`m~ cln lnleaa N Bq Nklqeqex) L~qm~ clnm~ igl~qi bmsmiqvmam~ ~`g jm |i iklsg `kqmag a~pgic`l pgsmg) @m kqma ~l sl~lsxm pmsm `g~ l~q|amiql~}|l `m~ ~g`nqmi jm~qm l` 3 al kv `m gqsmkqma l~ pmsm `g~ l~q|amiql~ al` Ng`lbgNgk|iqmsg al Nm`gsim }|l n|kp`lingi `m lnjm al xlinkliqg al` 3 al~lpqlkcsl pmsm psl~liqms `m ~g`nq|a)

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    e c@g~ xm`gsl~ qgpl sl~plnqg m ibsl~g~ clil~ mk`msl~, g

    ~|~ kgiqg~ kzkg~, ~l |q`vmi pmsm alqlskims ~ slil `g~

    sl}|~qg~ al mpqq|a iminlsm ngkg pmsm slncs |im clnm pgs

    ilnl~ama Nm` Bsmiq i|lxm g pmsm sligxms`m) L~qg~ xm`gsl~ ~l

    alcli ibsl~ms li `m HMH^M, in`|~g n|miag `m~ i~qs|nngil~ li

    `m HMH^M mskli }|l ig l~ ilnl~msg) M|i n|miag pli~l }|l

    ~|~ pmasl~ g |~qla bmimi k|njg ailsg, alcl ~g`nqms |im clnm

    pgs ilnl~ama Nm` Bsmiq) _|lali gn|sss k|njg~ nmkcg~ liqsl

    l` kgkliqg li }|l psl~liqm ~| HMH^M li }|l ~l inmi `m~

    n`m~l~)

    Sln|lsal6 `g~ mjgssg~ pmsm ~| f|c`mni, l` xm`gs ilqg al ~|

    xxliam gqsg qpg alqlskimag al clil~ ig ~l aln`msmi li `m

    HMH^M ig ~l ngi~alsmi mnqxg~ ngkp|qmc`l~ pmsm l~qmc`lnls`g~ qgpl~ al clnm~ pgs ilnl~ama Nm` Bsmiq)

    @g~ xm`gsl~ qgpl sl~plnqg m ibsl~g~ clil~ pmsm l` mg l~ng`ms

    3?=3+=> l~qmsi a~pgic`l~ m pmsqs al` = al anlkcsl li l`

    ~qg rrr)nn)n)bx4 m`` l`fm `m gpni eingkl mia M~~lqNl`ib~ TXm`gsl~ qgpl al ibsl~g~ clil~[)

    k ~ g p n e g i l ~ p m s m p m b m s l ` n g ` l b e g

    @l iqlsl~m l~q|ams li l` lzqsmiflsg7 _gasm |~ms ~| clnm pgs ilnl~ama Nm` Bsmiq, m~ clnm~ lalsm`l~ g~ ps~qmkg~ lalsm`l~ pmsm pmbms ~|~l~q|ag~) Qmkci c|~}|l igskmni ~gcsl clnm~ psxmam~ pgs ksqg, ngkg m~ a~pgic`l~ li ~| n`|c Sgqms eiqlsimqgim` gnm`, slx~l m~clnm~ pgs ksqg l~plnnm~ pmsm pls~gim~ }|l l~q|ami li l` lzqsmiflsg, li g~ ~qg~ rrr)qrlc)b, rrr)hea)b , rrr)la|)b rrr))b'q|alq)ln'q|auebWcaWk)

    sa n@g~ l~q|amiql~ }|l m~~qmi m |ixls~amal~ ng`lbg~

    pc`ng~ al Nm`gsim ~l ngi~alsmsi sl~aliql~ al Nm `gsim

    ~ ~l alqlskim }|l n|kp`li ngi `g~ sl}|~qg~ al sl~alinm al

    `m l~n|l`m m `m }|l m~~qli) Blilsm`kliql, l~qg ~l sllsl m |im

    sl~alinm al m` klig~ |i mg li l` l~qmag ngi `m iqlini }|lNm`gsim ~lm l` jgbms plskmiliql) Ig gc~qmiql, ~l slngkliam

    m `g~ l~q|amiql~ }|l m~~qli m i~qq|ngil~ pc`nm~ al

    Nm`gsim }|l mxlsbli li `m psgpm l~n|l`m pmsm alqlskims ~

    n|kp`li ngi `g~ sl}|~qg~ al sl~alinm l~plnng~ al l``m)

    @g~ l~q|amiql~ }|l m~~qli m ng`lbg~ ialplialiql~,

    |ixls~amal~ l~n|l`m~ psgl~gim`l~ al Nm`gsim alcli ~ls

    sl~aliql~ `lbm`l~ al l~ql l~qmag l~qms ~nmkliql psl~liql~

    li ` |i mg miql~ al `m lnjm al alqlskimni al sl~alinm

    pmsm pgals ~ls n`m~nmag~ ngkg l~q|amiql~ sl~aliql~) \im

    m|~linm qlkpgsm` ngi il~ al ilbgng~, l~ q|ag~ g p`mnls ig

    kp`nms `m psaam al `m sl~alinm li Nm`gsim ~, a|smiql

    `m m|~linm, `m pls~gim ~lkpsl q|xg `m iqlini al slbsl~ms

    m Nm`gsim ig jvg imam ngiqsmanqgsg ngi anjm alm)

    @m psl~linm ~nm aliqsg al` l~qmag ~g`mkliql ngi il~

    la|nmqxg~ ig ngi~qq|l l~qmc`lnls sl~alinm li Nm`gsim,

    ialplialiqlkliql al m lzqli~i al` qlkpg li }|l l`

    l~q|amiql jmm l~qmag li l` l~qmag) @g~ l~q|amiql~ }|l al~lli

    slm`vms pslb|iqm~ ~gcsl ~| sl~alinm alcli ngk|inms~l ngi

    `m gnim al slb~qsg g al mak~i al` nmkp|~) Gcqlibm k~

    igskmni li `m pbim >2)

    Clnm Nm` Bsmiq C6 ~e slnecl |im clnm pgs ilnl~eama Nm` BsmiqC, p|lal |~ms ~| m~ebimnei al !=,

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    Mu|am iminelsm al`g~ ng`lbeg~ al Nm`egsiem

    ~eqeg rrr)~q|aliqmea)la)bgx) @m kmugsm al `g~ ng`lbeg~ qmkceiqelili nliqsg~ al gseliqmnei psgl~egim` }|l psgpgsnegimi mu|am

    li n|miqg m `m~ gpgsq|ieamal~ al lkp`lg li blilsm`)

    Ng`lbeg~ Ngk|ieqmseg~ al Nm`egsiem*NNN, li eib`~%@g~ Ng`lbeg~ Ngk|ieqmseg~ al Nm`egsiem ~gi |i ~e~qlkm alng`lbeg~ pc`eng~ al ag~ mg~) Jmu ==3 ng`lbeg~ ngk|ieqmseg~ liqgag l` l~qmag, qgag~ gslnli n|s~g~ }|l ~mqe~mnli g~ sl}|e~eqg~al `m pseklsm pmsql *pseklsg~ ag~ mg~% al |im |iexls~eama aln|mqsg mg~) Gcqlibm k~ alqm``l~ eigskmqexg~ li l` ~eqegrrr)nnnmpp`u)gsb) Li qgag~ `g~ NNN, `m~ n|gqm~ pmsm `g~l~q|aemiql~ al qelkpg ngkp`lqg ~gi al klig~ al !=,?:?& pgsmg) Jmu mu|am iminelsm ae~pgiec`l a|smiql qgag l` mg li l~qg~NNN) ^e ilnl~eqm aeilsg pmsm l` ng`lbeg4 pmsm pmbms n|gqm~, `ecsg~,msqn|`g~ l~ng`msl~ l, ein`|~g, m xlnl~, l` m`}|e`ls4 xe~eql l` ~eqegrrr)enmimgsang``lbl)ngk) L`efm m gpnei Heiminem` Mea Eig

    TEigskmnei al mu|am iminelsm[)&L~qm~ n|gqm~ l~qi ~|flqm~ m kgaehnmnegil~ pgs pmsql al `m

    M~mkc`lm @lbe~`mqexm al Nm`egsiem

    Lzlinei al n|gqm~ al `m F|iqm al Bgclsimagsl~*CGB, li eib`~% pmsm NNNIg pmbms ieib|im n|gqm al ei~nsepnei li |i NNN, ~e l~ sl~ealiqlal Nm`egsiem u6

    u slil g~ sl}|e~eqg~ pmsm slneces |im clnm pgs ilnl~eamaNm` Bsmiq | gqsg qepg al mu|am iminelsm cm~mam li `m ilnl~eama,

    u slnecl `g~ psgbsmkm~ Nm`RGSD~'Mu|am Qlkpgsm` pmsmHmke`em~ Ilnl~eqmam~ *QMIH, li eib`~%, ^lb|seama al Eibsl~g^|p`lkliqmseg *^^E, li eib`~% g M~e~qlinem Blilsm` *g ~e l~ |il~q|aemiql alpliaeliql u |ig al ~|~ pmasl~ slnecl l~qm mu|am%,

    u l` qgqm` al `g~ eibsl~g~ mke`emsl~ ig ~|plsm `g~ xm`gsl~l~qiamsl~ al eibsl~g~,

    u ~| nm~g ngssl~pgial m |im n`m~enmnei l~plnem` }|l ein`|ulm `g~ alpliaeliql~ al xlqlsmig~)

    ^e ig jm psl~liqmag m HMH^M, alcl ngkp`lqms |im ~g`eneq|a~lpmsmam al Lzlinei al n|gqm~ al `m F|iqm al Bgclsimagsl~*ngigneam li eib`~ ngkg CGB Hll Rmexls%) _msm gcqlilseigskmnei alqm``mam al `m lzlinei g |im ngpem al `m ~g`eneq|a,xe~eql l` ~eqeg rrr)enmimgsang``lbl)ngk u l`efm `m gpneiHeiminem` Mea Eig TEigskmnei al mu|am iminelsm[ g ngiqnql~lngi `m gneim al mu|am iminelsm al ~| ng`lbeg ngk|ieqmseg)

    @g~ psgbsmkm~ al `g~ ng`lbeg~ ngk|ieqmseg~ p|lali l~qmsngkp|l~qg~ pgs |i n|s~g g |im ~lsel al n|s~g~ }|l ngia|nli m|i nlsqenmag al la|nmnei qnienm psgl~egim` g xgnmnegim`, |i

    qq|`g al bsmag al ag~ mg~ g m |im qsmi~lslinem m |i ng`lbeg g|iexls~eama al n|mqsg mg~) @g~ psgbsmkm~ al la|nmnei qnienmpsgl~egim` g xgnmnegim` p|lali xmsems ~lbi nmam nmkp|~ al`NNN) K|njg~ al g~ slngsseag~ jmnem |im nmsslsm psgl~egim`ngkelivmi ngi n`m~l~ al la|nmnei qnienm psgl~egim` li ml~n|l`m ~ln|iamsem g li |i ng`lbeg ngk|ieqmseg) _msm gcqlilsk~ eigskmnei, xe~eql l` ~eqeg rrr)rjgag|rmiq3c)ngk u`|lbg ngixls~l ngi |i ngi~lflsg g slpsl~liqmiql al` nliqsg algseliqmnei psgl~egim` al` ng`lbeg)

    @m ghneim al mu|am himinelsm al` ng`lbeg l~|i lznl`liql sln|s~g u p|lal psgpgsnegims`l6

    u Eigskmnei ~gcsl g~ psgbsmkm~ al mu|am iminelsm }|lgslnli l` bgcelsig lalsm`, l` l~qmag u ~| ng`lbeg, m~ ngkg `g~gsk|`mseg~ u m~ lnjm~ al xlinekeliqg pmsm ~g`eneqms m mu|am

    u Mu|am pmsm ``lims `m HMH^M u n|m`}|els gqsm ~g`eneq|a }|l peaml` ng`lbeg

    u \im lzp`enmnei al nkg ~l nm`n|` ~| ngiqsec|nei mke`emspslxe~qm

    u \im lzp`enmnei al `g~ qepg~ u kgiqg~ al mu|am pmsm `g~ }|lp|lal sl|ies g~ sl}|e~eqg~ ilnl~mseg~

    u M~l~gsmkeliqg ~gcsl nkg makeie~qsms ~| aeilsg pmsm l` ng`lbegu Aeslnqgseg~ u ~eqeg~ rlc }|l li|klsmi `m~ clnm~ pgs kseqgu M~l~gsmkeliqg ~gcsl `m~ gpgs q|ieamal~ al lkp`lg aliqsg al`nmkp|~ u li `m ngk|ieama

    u Eigskmnei ~gcsl ps~qmkg~ lalsm`l~, ein`|eam~ `m~ qm~m~ al

    eiqls~ u `g~ p`mil~ al slpmbgu Alqm``l~ ~gcsl l` p`mi al pmbg al `m kmqsn|`m al ~| ng`lbeg, ~eli ` ~l gslnl |ig

    Lzp`gsl g~ a~qiqg~ qpg~ al ng`lbg~) Gcqlibm igskmni ~gcsl g~ ng`lbg~ psgl~gim`l~ al Nm`gsim li l` ~qg rrr)nel)b4ngi~|`ql m M~gnmni al Ng`lbg~ \ixls~amal~ eialplialiql~ al Nm`gsim li l` ~qg rrr)enn|)la|4 m M~gnmni Imngim` al Ng`lbg~ \ixls~amal~ eialplialiql~ li l` ~qg rrr)en|)la|) Qmkci x~ql l` ~qg rrr)neenlbl)la|)

    _sgbsmkm~ al qsmcmfg u l~q|aeg g lkp`lgpmsm l~q|aemiql~\~qla p|lal gcqlils aeilsg pmsm pmbms `g~ ng~qg~ al` ng`lbegklaemiql `g~ psgbsmkm~ al qsmcmfg u l~q|aeg g lkp`lg pmsml~q|aemiql~) Um ~lm }|l `l gslvnmi pmsqenepms li |i psgbsmkm

    lalsm` al qsmcmfg u l~q|aeg, }|l ~l makeie~qsm m qsmx~ al ng`lbeg~~l`lnnegimag~, g li l` psgpeg psgbsmkm al ~| ng`lbeg, |~qlaslneces mu|am pmsm gcqlils |i qsmcmfg al qelkpg pmsnem` li l`nmkp|~ g ngi |im gsbmievmnei `gnm` ~ei il~ al `|nsg) Qmkceip|lal gn|sses }|l jmum ae~pgiec`l |i lkp`lg sl`mnegimag ngi ~|~l~q|aeg~) L` kgiqg al `m nginl~ei }|l slnecm alplials al n|iqlkpsmig m ~g`eneql, al ~| ilnl~eama iminelsm u al g~ giag~}|l ae~pgibm ~| ng`lbeg pmsm `g~ psgbsmkm~ al l~q|aeg u qsmcmfgg lkp`lg pmsm l~q|aemiql~) _msm gcqlils k~ eigskmnei, xe~eql l`

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    k ~ g p n e g i l ~ p m s m p m b m s l ` n g ` l b e g

    Qmkcei p|lal lzp`gsms6_sgbsmkm~ u ~lsxeneg~ al lzqli~ei al gpgsq|ieamal~ *LG_^,

    li eib`~%6 psgpgsnegimi clnm~ pgs ilnl~eama, gseliqmnei u~lsxeneg~ al q|qgsm m l~q|aemiql~ al cmfg~ eibsl~g~ li al~xliqmfmla|nmqexm mnlpqmag~ li l` psgbsmkm)

    Mblinem~ nggplsmq exm~ al sln|s~g~ pmsm `m la|nmnei *NMSL,li eib`~%6 psgpgsnegimi gseliqmnei, qsmi~pgsql, ecsg~ al qlzqgu qe`l~ l~ng`msl~, m~ ngkg clnm~ pgs ilnl~eama u ~lsxeneg~ aln|eamag eimiqe` pmsm l~q|aemiql~ }|l ~gi pmasl~ ~g`g~ al ieg~kligsl~ al =1 mg~, }|l slnecli m~e~qlinem ~gnem` u l~qi cmfg `g~psgbsmkm~ LG_^)

    _sgbsmkm~ Nm`RGSD~ al `g~ Ng`lbeg~ Ngk|ieqmseg~ alNm`egsiem6 nggsaeimi `m mu|am iminelsm u `g~ psgbsmkm~ alqsmcmfg u l~q|aeg, `m gseliqmnei, `m mu|am ngi l` pmbg al `ecsg~,qe`l~ l~ng`msl~ u qsmi~pgsql, `m ng`gnmnei al `m pls~gim li |ip|l~qg al qsmcmfg, l` n|eamag eimiqe` li l` nm~g al l~q|aemiql~ }|l

    slnecli l` psgbsmkm Nm`RGSD~ u }|l qelili c|lim slp|qmnei li`m gneim al ~lsxeneg~ ~gnem`l~ al` ngiamag) L~ psgcmc`l }|l jmummu|am~ ae~pgiec`l~ pmsm lz clilnemseg~ al Nm`RGSD~ sl~plnqg mmnqexeamal~ al mnq|m`evmnei li n|miqg m al~qslvm~ mcgsm`l~)

    \iexls~eama L~qmqm` al Nm`egsiem*N^\, li eib`~%_msm gcqlils k~ eigskmnei ~gcsl mu|am iminelsm li g~nmkp|~ al `m N^\, xe~eql l` ~eqeg rrr)n~|kliqgs)la| grrr)nm`~qmql)la|)

    Clnm pgs ilnl~eama al `m \iexls~eama L~qmqm`u ^l gslnl m g~ sl~ealiql~ al Nm`egsiem }|l qlibmi ilnl~eamaiminelsm ngkpsgcmam li `g~ 3> nmkp|~ al `m N^\)

    u L` kgiqg al `m clnm xmsm al mn|lsag m `m~ psegseamal~ al`

    nmkp|~ u `m ilnl~eama al` l~q|aemiql, plsg p|lal n|cses, ngkgkiekg, |im pgsnei al `m n|gqm al `m \iexls~eama L~qmqm`) _msm`g~ l~q|aemiql~ ngi k~ ilnl~eama }|l ig qelili |im clnm pgsilnl~eama Nm` Bsmiq, l~qm clnm n|csl, ngkg kiekg, `m n|gqmngkp`lqm al m \iexls~eama L~qmqm`)

    _sgbsmkm al gpgsq|ieamal~ la|nmqexm~u _sgpgsnegim clnm~ al jm~qm !3,??? pgs mg, malk~ al~lsxeneg~ al gseliqmnei u q|qgsm pmsm l~q|aemiql~ al pslbsmagal cmfg~ eibsl~g~ u li al~xliqmfm la|nmqexm)

    Xxa | j |qa Xxa | a | Xxa |

    Ng`lbeg~ Ngk|ieqmseg~ al Nm`egsiem= !=3,:2< !=5,>>? !=83 !3:,>82 !>=,=2>

    Ng`lbeg~ eialpliaeliql~1 !>8,:8: !1>,=8= !1=,2?1

    L~n|l`m~ xgnmnegim`l~ psexmam~>,228 !1?,318 Ig ngssl~pgial

    u Jmu psgbsmkm~ al xlsmig ae~pgiec`l~ pmsm slgsvms kmqlsem~ngkg kmqlkqenm~, lnq|sm | gqsm~ al~qslvm~ mnmakenm~)

    Lzmkeil |im al m~ jlssmkeliqm~ al c~}|lam al ng`lbeg~ unm`n|`magsm al ng~qg~ li g~ ~eqeg~ rrr)ng``lblimxebmqgs)bgx4rrr)ng``lblcgmsa)gsb g rrr)himea)gsb'nm`n|`mqgs~)

    \iexls~eama al Nm`egsiem *\N, li eib`~%Mu|am pmsm `g~ l~q|aemiql~ al `m |iexls~eama@g~ =? nmkp|~ al l~qm |iexls~eama gslnli clnm~ pgs ilnl~eama)@m~ nginl~egil~ al pslbsmag ~l gqgsbmi m g~ l~q|aemiql~ }|lslili `g~ sl}|e~eqg~ iminelsg~ u }|l ig p|lali n|cses, li ~|qgqm`eama, `g~ ng~qg~ al m~e~qes m |i nmkp|~ al `m \N) ^gi |imngkceimnei al `m ngiqsec|nei al `g~ pmasl~ *~e l~ mp`enmc`l%,`m~ clnm~ al |liql~ lalsm`l~ g l~qmqm`l~ u |i iexl` smvgimc`l aleibsl~g~ u ps~qmkg~ al` l~q|aemiql) Mpsgzekmamkliql ag~ qlsneg~al g~ l~q|aemiql~ al pslbsmag slnecli clnm~ pgs ilnl~eama gmu|am~ pgs clnm~ pgs kseqg al m \iexls~eama al Nm`egsiem, ngi|im nginl~ei psgklaeg al m`slalags al !=1,??? pgs l~q|aemiql)Malk~, k|njg~ l~q|aemiql~ slnecli clnm~ pgs kse qg)

    _msm gcqlils k~ eigskmnei ~gcsl mu|am iminelsm pmsml~q|aemiql~ al m \iexls~eama al Nm`egsiem, xe~eql l` ~eqegrrr)|iexls~equgnm`egsiem)la| *~l`lnnegil m gpnei Heiminem`Mea TMu|am iminelsm[ li `g~ ]|end @ eid~ TLi`mnl~ speag~[ al`kli al~p`lbmc`l%)

    Ng`lbeg~ eialpliaeliql~'ng`lbeg~psgl~egim`l~ u l~n|l`m~ al ghneg~ g qnienm~_msm gcqlils k~ eigskmnei ~gcsl `m mu|am l~q|aemiqe` }|lgslnli m~ |iexls~eamal~ g g~ ng`lbeg~ eialpliaeliql~ al`l~qmag, xe~eql l` ~eqeg rrr)nm`egsiemng``lbl~)la|, agiallingiqsms li`mnl~ m g~ ng`lbeg~ eiaexea|m`l~ u |im b|m li ilm)

    @m mu|am lalsm` u l~qmqm` p|lal ~lsxes`l pmsm pmbms `g~ ng~qg~al k|njm~ l~n|l`m~ psexmam~ qnienm~, al gneg~ u al gskmneipsgl~egim`) _msm gcqlils k~ eigskmnei, ngiqnql~l ngi `mgneim al mu|am iminelsm al nmam ng`lbeg g lzmkeil `m cm~l alamqg~ al m~ ei~qeq|negil~ al l~q|aeg~ ~|plsegsl~ mnslaeqmam~ al`Alpmsqmkliqg al La|nmnei al LL)\\) li l` ~eqegrrr)gpl)la)bgx'mnnslaeqmqegi)

    L~qm qmc`m k|l~qsm `g~ ng~qg~ mi|m`l~ psgklaeg ngssl~pgiaeliql~ m l~q|aemiql~ ~g`qlsg~ a|smiql l` mg l~ng`ms 3?==+=3, ein`|ulkmqsn|`m u n|gqm~, m`gfmkeliqg u m`ekliqg~, `ecsg~ u qe`l~ l~ng`msl~, qsmi~pgsql u bm~qg~ pls~gim`l~ ngkg sgpm, `mxmialsm uliqslqliekeliqg)

    = @g~ ng~qg~ `e~qmag~ ein`|uli n|gqm~ }|l l~qi ~|flqm~ m nmkceg~) @m~ n|gqm~ al `g~ NNN pmsm l` 3?==+=3 ~gi !>8'|ieama*!>8 z =3 |ieamal~ z 3 plsgag~ mnmakeng~%)

    3Xm`gsl~ psgklaeg psgpgsnegimag~ pgs `m Ghneim al` Slnqgs al `m \iexls~eama L~qmqm` al Nm`egsiem, psl`ekeimsl~ u ~|flqg~ m nmkceg~)>Xm`gsl~ psgklaeg psgpgsnegimag~ pgs `m Ghneim al` _sl~ealiql al `m \iexls~eama al Nm`egsiem)1@g~ xm`gsl~ psgklaeg ~l cm~mi li |i mg mnmakeng al i|lxl kl~l~)

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    Mu|am iminelsm pmsm pgc`mnegil~l~plnnm~

    _msm gcqlils k~ eigskmnei ~gcsl g~ psgbsmkm~ BE Ce`` u gqsg~clilneg~ la|nmqexg~ pmsm g~ ke`eqmsl~, g~ xlqlsmig~ u ~|~

    alpliaeliql~, ngk|i}|l~l ngi `m gneim al m~|iqg~ al xlqlsmig~al ~| ng`lbeg g ngi `m gneim `gnm` al` Alpmsqmkliqg al M~|iqg~al Xlqlsmig~ al LL)\\) ``mkmiag m` =+:::+113+1>+>31> *`m HMH^M li Csm``l l~ ~`g pmsmsllslinm ig ~l p|lal psl~liqms ngkg ~g`nq|a%)

    Mq`lqm~^e p`milm psmnqenms |i alpgsql li l` ng`lbeg, p|lal }|l qlibm }|lei~nseces~l li m M~gnemnei Imnegim` al Alpgsqe~qm~ \iexls~eqmseg~,~lbi l` alpgsql, m aexe~ei g ng`lbeg) Qmkcei l~ psgcmc`l }|lalcm n|kp`es ngi nelsqg~ sl}|e~eqg~ mnmakeng~ li m l~n|l`m~ln|iamsem) _msm ~mcls k~, xe~eql l` ~eqeg rrr)inmm)gsb, g ``mklm` =+:22+383+=153) Mi n|miag |~qla l~plsl slneces |im clnm pgskseqg alpgsqexg, psl~liql `m HMH^M u l` B_M xlsenmag pmsm clnmNm` Bsmiq pmsm mpsgxlnjms gqsm mu|am iminelsm)

    Nm`egsiem Ngi~lsxmqegi Ngsp~Gcqlibm aeilsg pgs qsmcmfms m` mesl `ecsl ~esxeliag m ~| l~qmag uqgkl n`m~l~ li |i ng`lbeg ngk|ieqmseg g n`m~l~ al la|nmneipmsm ma|`qg~, g l~q|ael pgs `m~ ignjl~ pmsm gcqlils ~| aep`gkmal l~n|l`m ~ln|iamsem) Al~p|~ al |i mg, ~e jm mpsgcmag ngizeqg m~ n`m~l~ al al~mssg``g psgl~egim` u ngineliqevmnei ~gcsl

    ngi~lsxmnei, u jm slm`evmag 1: jgsm~ al ~lsxeneg xg`|iqmseg, p|lalgcqlils jm~qm !3,??? pmsm pmbms l` ng`lbeg g |i liqslimkeliqgxgnmnegim`) Gcqlibm k~ eigskmnei li l` ~eqeg rrr)nnn)nm)bgx)

    Kelkcsg~ al `m~ |lsvm~ mskmam~ u `m~pls~gim~ m ~| nmsbgM qsmx~ al` psgbsmkm Kgiqbgklsu BE Ce``, `g~ eiqlbsmiql~ al`m~ |lsvm~ mskmam~ li mnqexeama u `g~ xlqlsmig~ p|lali slneces|i clilneg kli~|m` ecsl al ekp|l~qg~ pmsm |~ms`g pmsm pmbmskmqsn|`m, ecsg~, n|gqm~ u bm~qg~ al kmi|qlinei, keliqsm~gcqelili |i nlsqenmag g qq|`g *ein`|eag~ qq|`g~ al pslbsmag upg~bsmag% g m~e~qli m |im l~n|l`m psgl~egim`)

    ^e ~esxelsgi al~p|~ al == al ~lpqelkcsl al 3??=, `g~ xlqlsmig~slili `g~ sl}|e~eqg~ al mn|lsag m` psgbsmkm _g~q+5'== BE Ce``pmsm slneces aeilsg pmsm pmbms `m qgqm`eama al `m kmqsn|`m u `m~n|gqm~, malk~ al slneces |i l~qepliaeg kli~|m` pmsm xexeliam u|i l~qepliaeg al jm~qm !=,??? m` mg pmsm `ecsg~ u qe`l~ l~ng`msl~)*L` kgiqg ~l cm~m li l` qelkpg al ~lsxeneg u li l` ng~qg al `mkmqsn|`m u `m~ n|gqm~ al` l~qmag m~ ngkg `g~ `ecsg~ u `m xexeliam4`g~ clilneg~ ig |qe`evmag~ p|lali ~ls qsmi~lseag~ m` niu|blg `g~ jefg~)% @g~ kelkcsg~ al `m B|msaem Imnegim` u `m Sl~lsxm}|l l~q|xelsgi mnqexg~ a|smiql k~ al 5? am~ al~al l` == al~lpqelkcsl al 3??= qelili mnnl~g m g~ ke~kg~ clilneg~ al`psgbsmkm BE Ce``)

    @g~ clilneg~ la|nmqexg~ qmkcei l~qi ae~pgiec`l~ pmsmxlqlsmig~ ae~nmpmneqmag~, ~gcslxexeliql~ u pls~gim~ m nmsbg all``g~) \~qla p|lal sl|ies g~ sl}|e~eqg~ pmsm slneces |im lzlineial n|gqm~ li |i ng`lbeg pc`eng al Nm`egsiem ~e qelil ilnl~eamaiminelsm u ~e l~ jefg g l~q m nmsbg al |i xlqlsmig ae~nmpmneqmag

    g m``lneag pgs nm|~m~ sl`mnegimam~ ngi l` ~lsxeneg ke`eqms, gl` slnlpqgs g jefg al |i slnlpqgs al `m Klam``m al Jgigs al`Ngibsl~g) ^e ~| pmasl g q|qgs k|selsgi ngkg sl~|`qmag al psl~qms~lsxeneg ke`eqms li Esmd g Mbmie~qi al~p|~ al` == al ~lpqelkcslal 3??=, p|lal sl|ies `g~ sl}|e~eqg~ pmsm slneces `m Clnm al ^lsxenegKe`eqms li Esmd u Mbmie~qi }|l l}|exm`l m` kgiqg kzekg al |imclnm pgs ilnl~eama _l`` pmsm l` mg al nginl~ei *alcl qlilsklig~ al 31 mg~ al lama g l~qms ei~nseqg li |i ng`lbeg m` klig~pgs klaeg qelkpg li l` kgkliqg al `m k|lsql al` pmasl g q|qgs%)

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    k ~ g p n e g i l ~ p m s m p m b m s l ` n g ` l b e g

    g xe~eqms l` ~eqeg rrr)ags)nm)bgx, l`lbes m gpnei Ngi~|kls~TNgi~|keagsl~[, xls g~ ~lsxeneg~ u ~g`eneqms`g~) Qmkcei p|lalxe~eqms l` ~eqeg rrr)jlmqj)br|)la| }|l ngssl~pgial m` JLMQJSl~g|snl Nliqls, |i nliqsg al eigskmnei li `ilm ~gcslla|nmnei pg~ ~ln|iamsem pmsm pls~gim~ ngi ae~nmpmneamal~)

    _sgbsmkm al ~|cxlinei al mu|am pmsm`m la|nmnei al `m B|msaem Imnegim` al

    Nm`egsiem *NIB LMM_, li eib`~%L` psgbsmkm NIB LMM_ l~q iminemag pgs l` l~qmag u l~qae~lmag pmsm psgpgsnegims |i einliqexg la|nmqexg m i al klfgsms`m~ al~qslvm~, ngkplqlinem~ u jmce`eamal~ al g~ kelkcsg~ mnqexg~al m B|msaem Imnegim` al Nm`egsiem, m Sl~lsxm Ke`eqms L~qmqm` g`m Ke`enem Imxm` }|l jmumi ngkp`lqmag ngkg kiekg ag~ mg~ al~lsxeneg)

    @g~ pmsqenepmiql~ mpqg~ pmsm l` psgbsmkm alcli ~ls sl~ealiql~ alNm`egsiem4 kelkcsg~ mnqexg~ al m B|msaem Imnegim` al Nm`egsiem,`m Sl~lsxm Ke`eqms L~qmqm` g `m Ke`enem Imxm` a|smiql l` plsgag alpmsqenepmnei li l` psgbsmkm NIB LM M_4 alcli kmiqlils, ngkgkiekg, |im ei~nsepnei li qsl~ |ieamal~ mnmakenm~ pgs plsgagmnmakeng u kmiqlils |i psgklaeg mn|k|`mag al nm`enmnegil~ig eilsegs m 3)? li |im ei~qeq|nei nm`enmam) @m gneim al`Makeie~qsmags Ke`eqms slxe~ms `m agn|kliqmnei al `g~ pg~q|`miql~

    u g~ n`m~enms ~lbi nseqlseg~ pslalqlskeimag~ l~qmc`lneag~)L` Makeie~qsmags Ke`eqms ~l`lnnegims |i kzekg al jm~qm =,???pmsqenepmiql~ pmsm l` psgbsmkm NIB LMM_) _msm gcqlils k~eigskmnei, jmbm n`en li m gpnei Kgilu gs Ng``lbl TAeilsgpmsm l` ng`lbeg[ li l` ~eqeg rrr)nm`b|msa)nm)bgx)

    L~q|aemiql~ MC

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    Nkg sla|nes `g~ng~qg~ al` ng`lbeg\im al `m~ klfgsl~ kmilsm~al m~lb|sms~l al }|l p|lalpmbms l` ng`lbeg l~ }|l |~qla u~|~ pmasl~ ngkelinli m mjgssms

    ngi miqenepmnei)

    = Clnm~ pgs kseqg psexmam~Ngi~|`ql m ~| ngi~lflsg l~ng`ms, jmu ke`l~al clnm~ pgs kseqg ae~pgiec`l~ m qsmx~ al6

    u gsbmievmnegil~ ngk|ieqmsem~u |iamnegil~u gsbmievmnegil~ sl`ebeg~m~u cming~ u ilbgneg~ `gnm`l~u gsbmievmnegil~ psgl~egim`l~ u alngklsneg

    Al~p|~, |~l `g~ aeslnqgseg~ al clnm~ pgskseqg bsmqe~ li `ilm *xlm `m~ pbeim~ 3 u

    33%) _slb|iql m ~|~ kml~qsg~, ngi~lflsg~g liqslimagsl~ ~gcsl `m~ clnm~ pgs kseqgae~pgiec`l~ pmsm l~q|aemiql~ ngi ~|~qm`liqg~ l~plnng~) Slxe~l slxe~qm~ g ~eqeg~rlc alaenmag~ m ~|~ eiqlsl~l~ u al~qslvm~)Malk~, ngk|i}|l~l ngi `g~ lkp`lmagsl~g ~eiaenmqg~ `mcgsm`l~ al ~|~ pmasl~, u ngi`m~ gneim~ al sln|s~g~ j|kmig~ al `m~bsmial~ ngkpmm~ al ~| slbei)

    \~qla p|lal ~g`eneqms clnm~ pgs kseqga|smiql qgag~ `g~ mg~ }|l m~e~qm m` ng`lbeg)L~ql pslpmsmag, l~ pg~ec`l }|l alcm l~nsecesnmsqm~ u li~mug~ g }|l `g liqslxe~qli ngkgpmsql al` psgnl~g al ~g`eneq|a)

    3 Clnm~ imnegim`l~ pgskseqg@m Ngspgsmnei Imnegim` al Clnm~ pgsKseqg gqgsbm k~ al 5,??? clnm~ m`mg }|l xmi al~al !

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    k ~ g p n e g i l ~ p m s m p m b m s l ` n g ` l b e g

    5 Ngkelinl l~q|aemiag li|i Ng`lbeg Ngk|ieqmseg alNm`egsiemMjgssl ke`l~ al a`msl~ li `m kmqsn|`mu n|kp`m ngi `g~ sl}|e~eqg~ al l~q|aeg~blilsm`l~ ngklivmiag ~|~ l~q|aeg~ li |iNg`lbeg Ngk|ieqmseg al Nm`egsiem) _|lal|~ms `m mu|am iminelsm pmsm pmbms ~|~

    n|gqm~, ecsg~ u bm~qg~ al kmi|qlinei)Miql~ al ei~nseces~l li l` ng`lbegngk|ieqmseg, jmc`l ngi l` pls~gim` pmsmm~lb|sms~l al }|l pgas qsmi~lses ~|~nsaeqg~ m |i ng`lbeg al n|mqsg mg~, ~e l~ll~ ~| gcflqexg) Xe~eql l` ~eqegrrr)enmimgsang``lbl)ngk)

    =? _`mi al mjgssg~^njg`ms^jmsl pmsm l` ng`lbegKlaemiql l` p`mi njg`ms^jmsl alNm`egsiem, l` _`mi

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    kaeng) L` bgcelsig lalsm` p|lal m~|kes`m al|am al ~| ps~qmkg ~e |~qla qsmcmfmngkg psgl~egim` al `m ~m`|a li |im vgimkmsbeimam) Xe~eql g~ ~eqeg~rrr)g~jpa)nm)bgx'J_LH,jqqp6''cjps)js~m)bgx u rrr)jj~)bgx)

    _sgxllagsl~ al n|eamag eimiqe`^e |~qla qsmcmfm li |i `|bms al n|eamag~eimiqe`l~ al~ebimag g pmsm l` psgbsmkmJlma ^qmsq, ~| al|am al ~| ps~qmkglalsm` _lsdei~ pgas ~ls nminl`mam)

    Xg`|iqmseg~ al` ^lsxeneg Imnegim`

    @m~ nginl~egil~ al MklseNgsp~ p|lalinminl`ms g~ ps~qmkg~ lalsm`l~ pmsml~q|aemiql~) ^e psl~qm ~lsxeneg ngkgxg`|iqmseg al XE^QM g _lmnl Ngsp~, |impmsql al `m al|am al ~| ps~qmkg lalsm`_lsdei~ p|lal ~ls nminl`mam) Gcqlibmk~ eigskmnei li `g~ ~eqeg~rrr)mklsengsp~)bgx urrr)plmnlngsp~)bgx)

    _ls~gim` ke`eqms'ghnem`l~ al` gsali pc`engNelsqm~ smkm~ al `m~ H|lsvm~ Mskmam~ alLL)\\) gslnli clilneg~ al m~|ineial ps~qmkg~) Xe~eql l` ~eqegrrr)qgamu~ke`eqmsu)ngk) ^e psl~qm~lsxeneg~ li `m H|lsvm~ Mskmam~ li |imvgim al jg~qe`eama g pl`ebsg eikeiliql,l` =?? pgs neliqg al ~| ps~qmkg lalsm`_lsdei~ ~ls nminl`mag)

    ^e l~ gnem` al` gsali pc`eng, l~ psgcmc`l}|l slim `g~ sl}|e~eqg~ pmsm }|l |im pmsqlal `m al|am al ~| ps~qmkg lalsm` _lsdei~~lm nminl`mam) Ngiqnql~l ngi ~| ng`lbegpmsm gcqlils k~ eigskmnei)

    Lkp`lmag~ lalsm`l~'al` ~lsxeneg pc`engM`b|ig~ alpmsqmkliqg~ al` bgcelsig alLL)\\) gslnli clilneg~ al m~|ineial ps~qmkg~ m ~|~ lkp`lmag~ lialqlskeimag~ nmkpg~ al` ~lsxeneg pc`eng)

    ``mkl m` =+:??+:35+>828) Malk~,m~lbsl~l al ngi~|`qms m |i m~l~gs alekp|l~qg~ psgl~egim`)

    @g~ nsaeqg~ qsec|qmseg~ MklsenmiGppgsq|iequ u @elqekl @lmsieib `lplskeqli m |~qla g m ~|~ pmasl~ sl~qms|im pmsql al `g~ ng~qg~ al ~| ng`lbegal `g~ ekp|l~qg~ }|l alcli pmbms nmammg n|miag psl~liqmi ~| aln`msmnei alekp|l~qg~)

    @m ~|~qsmnnei al ekp|l~qg~ pgskmqsn|`m u n|gqm~ u `m ~|~qsmnnei al `g~

    eiqlsl~l~ al` ps~qmkg al l~q|aemiql `lplskeqli sl~qms |im pmsql al ~| kmqsn|`m un|gqm~ al ~|~ eibsl~g~ ~|flqg~ m ekp|l~qg~u al~ngiqms jm~qm !3,

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    k ~ g p n e g i l ~ p m s m p m b m s l ` n g ` l b e g

    _s~qmkg~ lalsm`l~6 @m kmilsmeiql`ebliql al ~g`eneqms |i ps~qmkg^e ig slnecl ~|neliql aeilsg bsmqe~ pmsm pmbms l` ng`lbeg u ig p|lal n|cses `g~ ng~qg~ ngi mjgssg~ |gqsg~ sln|s~g~, ngi~ealsl `g~ ps~qmkg~ lalsm`l~ pmsm l~q|aemiql~ li psekls `|bms) L~qg~ qelili |im

    qm~m al eiqls~ fm, gpnegil~ al slpmbg hlzec`l~ u gqsg~ clilneg~ }|l `m kmugsm al `g~ ps~qmkg~psexmag~ pmsm l~q|aemiql~ ig qelili) _|lal gcqlils |i ps~qmkg lalsm` ein`|~g ~e ig qelil ilnl~eamaiminelsm ngkpsgcmam, u ig jmu lxm`|mnei nslaeqenem pmsm `g~ ps~qmkg~ pmsm l~q|aeg~ al pslbsmag)Qmkcei jmu ps~qmkg~ lalsm`l~ pmsm `g~ pmasl~) _msm gcqlils k~ eigskmnei, xe~eqlrrr)~q|aliq`gmi~)bgx g rrr)i~`a~)la)bgx)

    K|njg~ psl~qmke~qm~ gslnli ps~qmkg~ psexmag~, plsg sln|lsal }|l `g~ ps~qmkg~ psexmag~ qeliliqm~m~ al eiqls~ k~ m`qm~ u klig~ clilneg~) N|miag ilnl~eql plaes |i ps~qmkg4 mbgql pseklsg `m~gpnegil~ al ps~qmkg~ lalsm`l~)

    _s~qmkg~ lalsm`l~ ^qmgsa^gi l` qepg k~ ngki al ps~qmkg u ~gi pmsm m`|kig~ ngi g ~eiilnl~eama iminelsm ngkpsgcmam li qgag~ g~ qepg~ al ng`lbeg~)_msm slneces |i ps~qmkg lalsm` qmgsa, alcl l~qms ei~nseqg m`klig~ klaeg qelkpg *~lbi `g alqlskeil ~| ng`lbeg%) Jmu ag~qepg~ al ps~qmkg~ qmgsa6

    =) _s~qmkg~ ^qmgsa ngi ~|c~eaeg^l cm~mi lzn`|~exmkliql li m ilnl~eama iminelsm) L` bgcelsiglalsm` pmbm g~ eiqlsl~l~ keliqsm~ |~qla m~e~ql m` ng`lbeg ua|smiql |i plsgag al bsmnem al ~le~ kl~l~ al~p|~ al }|l ~lbsmal, al }|l alfl `m l~n|l`m g ~l ei~nsecm pgs klig~ al klaegqelkpg) \~qla ig ngklivms m slm`evms pmbg~ jm~qm }|l im`enl l`plsgag al bsmnem) _msm nm`enms, alcl sl|ies qgag~ `g~ sl}|e~eqg~pmsm slneces mu|am lalsm` *ngi~|`ql `m pbeim =%)

    3) _s~qmkg~ ^qmgsa ~ei ~|c~eaegL~qg~ ps~qmkg~ ~gi pmsm qgag~ g~ l~q|aemiql~ }|l slili g~

    sl}|e~eqg~, eialpliaeliqlkliql al eibsl~g~ g celil~) \~qla alclsl|ies qgag~ `g~ sl}|e~eqg~ pmsm slneces mu|am lalsm` *ngi~|`ql `mpbeim =%, ~m`xg l` al ilnl~eama iminelsm ngkpsgcmam) Alclspmbms qgag~ g~ eiqlsl~l~ al` ps~qmkg, plsg p|lal mp`mvms qm`pmbg keliqsm~ l~q li `m l~n|l`m m` klig~ klaeg qelkpg) ^e `gjmnl m~, n|miag ngkelinl m slpmbms, `g~ eiqlsl~l~ ~l mbslbmsim` kgiqg }|l peae psl~qmag u `g~ ng~qg~ al eiqlsl~l~ |q|sg~ ~lnm`n|`msi ~gcsl `m cm~l al l~l kgiqg al ps~qmkg kmugs) ^epmbm `g~ eiqlsl~l~ keliqsm~ l~q li l` ng`lbeg, m `m `msbm pmbmsklig~ eiqlsl~l~)

    ^e l~ |i l~q|aemiql eialpliaeliql *ngi~|`ql `m pbeim 2%, l~psgcmc`l }|l slim g~ sl}|e~eqg~ pmsm slneces gqsg~ ps~qmkg~^qmgsa ~ei ~|c~eaeg pmsm mu|ams`g m n|cses ~| ilnl~eama iminelsmig n|celsqm g m sllkp`mvms |im pgsnei al ~| LHN)

    _s~qmkg~ lalsm`l~ _lsdei~@g~ ps~qmkg~ _lsdei~ p|lali l~qms ae~pgiec`l~ pmsm `g~l~q|aemiql~ ngi ilnl~eamal~ iminelsm~ lznlpnegim`l~) L~qg~ps~qmkg~ ~gi ngilnnegimag~ pgs `g~ ng`lbeg~, ig `l ngcsmsieiqlsl~l~ a|smiql ~| l~qmam li `m l~n|l`m u ig jmu n|gqm~) \imxlv }|l alfl `m l~n|l`m, ae~pgias al |i p`mvg al jm~qm i|lxlkl~l~ pmsm ngklivms m slpmbms ~| ps~qmkg ngi |i eiqls~ al`< pgs neliqg)

    ^lbi n|iag ~g`eneql l` ps~qmkg, ~| ilnl~eama iminelsm u g~giag~ ae~pgiec`l~, p|lal plaes jm~qm !

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    K~ alqm``l~ mnlsnm al `g~ ps~qmkg~ ^qmgsa

    ~ a c Aq

    n cq | _seklsg lixl `m HMH^M4 `|lbg, `m ghneim al mu|am himinelsm al ~| ng`lbeg ~l ngk|ienms ngi |~qla pmsm }|l ngkp`lql`g~ pm~g~ sl}|lseag~, liqsl l``g~, hskms |i pmbms ieng u m~e~qes m |i m~l~gsmkeliqg ~gcsl ps~qmkg~

    Q a q @g~ ps~qmkg~ al~lkcg`~mag~ liqsl l` = al f|`eg al 3?=3 u l` >? al f|ieg al 3?=> qliasi |im qm~m al eiqls~ hfm al`8): pgs neliqg a|smiql `m xeblinem al` ps~qmkg

    n|q ^l ala|nes |im n|gqm al` = pgs neliqg al nmam al~lkcg`~g al ps~qmkg

    s}|q a Ngkg kiekg, klaeg qelkpg

    n c a a q @g~ giag~ ~l lixmi aeslnqmkliql m` ng`lbeg pmsm pmbms kmqsn|`m, n|gqm~, m`gfmkeliqg u ngkeam *~e ngssl~pgial%4l` ng`lbeg `l lixems m |~qla l` kgiqg slkmili ql

    n|a v ^le~ kl~l~ al~p|~ al }|l ~l bsmal, al }|l alfl `m l~n|l`m g al }|l ~l ei~nsecm pgs klig~ al klaeg qelkpg

    Kgiqg~ kzekg~ al `g~ ps~qmkg~ lalsm`l~ ^qmgsa

    m lq|aq a aaaq= lq|aq a aaaq lq|aq a a

    p !

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    k ~ g p n e g i l ~ p m s m p m b m s l ` n g ` l b e g

    K~ alqm``l~ mnlsnm al `g~ ps~qmkg~ _@\^

    ~ a c pq a p`\~ a pq a p`\~ q|aq a a *ba p`\~%

    n cq | @`lil `m HMH^M @`lil |i pmbms ieng pmsm |i ps~qmkg _@\^

    kq qq }| |aa qa

    Jm~qm l` ng~qg qgqm` al `g~ l~q|aeg~ al pslbsmag al ~| jefg, klig~n|m`}|els gqsm mu|am slneceam *x|l`xm m ~g`eneqms mu|am qgag~ `g~ mg~%)

    Jm~qm l` ng~qg qgqm` al ~|~ l~q|aeg~, klig~ n|m`}|els gqsmmu|am slneceam)

    Q a q Hefm m` 2)5 pgs neliqg @g~ eiqlsl~l~ ~l mn|k|`mi m pmsqes al `m lnjm al al~lkcg`~g jm~qm }|l ~l pmb|li pgs ngkp`lqg

    n|q ^l ala|nes |im n|gqm al jm~qm l` 1 pgs neliqg al nmam al~lkcg`~g al` ps~qmkg

    s}|q a Ngkg kiekg, al klaeg qelkpg li |i psgbsmkm ngia|nliql m `m gcqlinei al |i qq|`g g nlsqehnmag

    gq }|q Sl}|e~eqg~ c~eng~ pmsm gcqlils mu|am himinelsm lalsm` *ngi~|`ql `mpbeim =%

    Sl}|e~eqg~ c~eng~ pmsm gcqlils mu|am himinelsm lalsm`*ngi~|`ql `m pbeim =%

    _seklsg, ~l alcl alqlskeims ~e slil g~ sl}|e~eqg~ pmsm slnecesps~qmkg~ lalsm`l~ qmgsa

    s}|q cq aq&*@g~ ps~qmkg~ _@\^ ig ~lgqgsbmi ~gcsl m cm~l aleibsl~g~ g celil~%

    Ig qlils slqsm~g~ al pmbg al 5? am~ g k~ *pmsm pmbg~ al jepgqlnm~ g mnq|sm~ kaenm~, ig qlils slqsm~g~ al k~ al =:? am~% Ig qlils ps~qmkg~ li ein|kp`ekeliqg al pmbg, bsmxklil~ ekpg~eqexg~ pliaeliql~, f|eneg~ ekpmbg~, aln`msmnei al cminmssgqm,lfln|nei jepgqlnmsem g lkcmsbg al ~m`mseg li `g~ `qekg~ neing mg~

    n|a v

    Aliqsg al `g~ 8? am~ al` `qekg al~lkcg`~g al` ps~qmkg) \~qlap|lal aelses `g~ pmbg~ jm~qm l` kgkliqg li }|l ~| jefg alfl al l~qmsei~nseqg m` klig~ klaeg qelkpg u a|smiql |i plsgag al ~le~ kl~l~pg~qlsegs m `m ei~nsepnei) A|smiql l` mp`mvmkeliqg, ~l mn|k|`mieiqlsl~l~)

    Aliqsg al `g~ 8? am~ al` `qekg al~lkcg`~g al` ps~qmkg)\~qla p|lal aelses `g~ slpmbg~ keliqsm~ m~e~ql m `m l~n|l`mm` klig~ m klaeg qelkpg u a|smiql l` pls gag al ~le~ kl~l~pg~qlsegs m `m ei~nsepnei) A|smiql l` mp`mvmkeliqg, ~lmn|k|`mi eiqlsl~l~)

    &^e |~qla g ~|~ pmasl~ ig p|lali pm~ms `m lxm`|mnei nslaeqenem, mi p|lal slneces |i ps~qmkg _@\^ ~e ngignl m m`b|eli }|l p|lal u mnlpql ~ls ngal|ags *mxm`% al ~| ps~qmkg)

    n a q a q|aqK| pgnm~ xlnl~, ~| ps~qmkg g pmsql al ` p|lal ~ls nminl`mag, li gqsm~

    pm`mcsm~, ig ~l xls gc`bmag m alxg`xls`g) ^| ps~qmkg p|lal ~ls nminl`mag6u ~ ~| ng`lbg nlssm |~qla ig p|lal qlskims `g~ l~q|ag~4u ~ l` ng`lbg nlsq n m`~mkliql }|l |~qla sl|im `g~ sl}|~qg~ pmsm gcqlils|i ps~qmkg4

    u ~ sgcmsgi ~| aliqama `m |q`vmsgi al gskm `lbm` pmsm gcqlils ps~qmkg~l~q|amiq`l~4

    u ~ ~| ng`lbg ig slm`v l` sllkcg`~g m ` Alpmsqmkliqg al La|nmni alLL)\\) m ~| xlinkliqg *|~qla ig qlil gc`bmni al slpmbms `m nmiqamangi `m }|l ~l }|la l` ng `lbg%4

    u ~ }|lam a~nmpmnqmag qgqm` plskmiliqlkliql g m``lnl)

    _msm gcqlils k~ igskmni, ngk|i}|l~l ngi `m liqama maki~qsmagsm alps~qmkg~ g ngi `m gnim al m|am iminlsm al ~| ng`lbg, g x~qlrrr)q|alq)bx)

    ]| q ||a qv7^|pgibmkg~ }|l pal !=?,??? m qsmx~ al |i ps~qmkg ^qm gsa ~i ~|c~agpgs |i plsgag al n|mqsg mg~) \~qla alnal mp`mvms l` pmbg al `g~ iqlsl~l~kliqsm~ m~~ql m `m l~n|l`m a|smiql n|mqsg mg~, k~ l` plsgag al bsmnm al

    ~l~ kl~l~) L` iqls~ }|l ~l xm mn|k|`miag ~l aligkim iqls~ mn|k|`mag)Al~p|~ al n|mqsg mg~ klag, ~l jmcsi mn|k|`mag !3,?1? li nginlpqgal iqlsl~l~ m |im qm~m fm al` 8): pgs nliqg) N|miag ngklinl m slpmbms,|~qla mal|ams !=3,?1?6 `g~ !=?,??? gsbim`l~ k~ !3,?1? pgs iqlsl~l~mn|k|`mag~) L` iqls~ }|l slpmbms ~l cm~ms li l~qm i|lxm nmiqama kmgs)L` psgnl~g al mmas `g~ iqlsl~l~ m `m nmiqama }|l ~l pa psl~qmam li `|bmsal slpmbms`g~ m klaam }|l ~l mn|k|`mi ~l `mkm nmpqm`vmni)

    Sln|lsal6 m|i}|l ig ~l bsmal, ig p|lam lingiqsms lkp`lg g ig l~ q ngiqliqgngi ~|~ l~q|ag~, mi m~, alcls slpmbms ~| ps~qmkg)

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    k ~ g p n e g i l ~ p m s m p m b m s l ` n g ` l b e g

    Nkg slpmbms `g~ ps~qmkg~lalsm`l~ pmsm l~q|aemiql~

    M` kgkliqg al alxg`xls ~|~ ps~qmkg~ lalsm`l~ pmsm l~q|aemiql~, jmu neing gpnegil~ al slpmbg,liqsl l``m~, pmbg~ }|l plskmilnli eb|m` qgag~ `g~ kl~l~ *pmbg l~qiams%, pmbg~ }|l ~l eienemi ngi

    kgiqg~ k~ cmfg~ u ~l einslkliqmi bsma|m`kliql *pmbg bsma|m`%, pmbg~ }|l ~l lzqeliali a|smiql |iplsgag al qelkpg k~ `msbg *pmbg mkp`emag% u pmbg~ }|l alpliali al ~|~ eibsl~g~ *pmbg cm~mag lil` eibsl~g4 ngiaenegim` m` eibsl~g%)

    _gs `g blilsm`, |~qla qelil jm~qm =? mg~ pmsm slpmbms ~| ps~qmkg, plsg p|lal ``lbms m qlils jm~qm 3,>>1 !13> !=8

    !1

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    Ig ein|ssm li ein|kp`ekeliqg al pmbg) ^e ig slpmbm ~|ps~qmkg, alcls lisliqms bsmxl~ ngi~ln|linem~6

    u L` kgiqg qgqm` al ~| ps~qmkg ~l ngixlsqes li kgiqg xlineag)u Um ig sl|ies `g~ sl}|e~eqg~ pmsm slneces mu|am iminelsm lalsm`maenegim` *clnm~ pgs ilnl~eama g ps~qmkg~%)

    u _|lal gn|sses }|l ~l `l slqlibm |im pmsql al ~| njl}|l al pmbmg al g~ sllkcg`~g~ al ekp|l~qg~ pmsm alxg`xls l` ps~qmkg)

    u L~ psgcmc`l }|l alcm pmbms bm~qg~ al ngcsg)u Qm` xlv gn|ssm }|l ig p|lam sl|ies `g~ sl}|e~eqg~ pmsm gcqlilsalqlskeimag~ lkp`lg~ amag }|l m`b|ig~ lkp`lmagsl~ slxe~mi l`je~qgsem` nslaeqeneg al g~ nmiaeamqg~)

    ^l amms ~| n`m~enmnei nslaeqenem, ngi `g n|m` ~ls k~ aene` ung~qg~g plaes aeilsg psl~qmag li l` |q|sg)

    Gpnegil~ al slpmbg\im xlv }|l `g~ ps~qmkg~ lalsm`l~ liqsmi li `m lqmpm al slpmbg*al~p|~ al }|l |~qla ~l bsmam, alfm `m l~n|l`m g ~l ei~nsecl pgsklig~ al klaeg qelkpg%, qlias xmsem~ gpnegil~ pmsm slpmbms`g~)Qmkcei qelil `m gpnei al nmkcems `g~ p`mil~ al slpmbg |im xlvm` mg, pmsm l``g, ngiqnql~l ngi ~| liqeama makeie~qsmagsm alps~qmkg~)

    _`mi al pmbg l~qiamsL` p`mi l~qiams `l plskeql pmbms `m ke~km nmiqeama qgag~ `g~kl~l~ u ae~pgil al jm~qm =? mg~ pmsm slpmbms) ^| pmbg kli~|m`alcl ~ls al m` klig~ !

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    ` g ] \ l A l C l ~ m C l s

    Lflkp`g al p`mi al iminemkeliqgal` ng`lbeg

    M ngiqei|mnei, |im pg~ec`l ~eq|mnei }|l e`|~qsm ngkg |i l~q|aemiql pmbm ~| ng`lbeg) Xlm k~ lflkp`g~al p`mil~ al iminemkeliqg al` ng`lbeg li jqqp6''nm`egsiemng``lbl~)la|'iminl'iminl)m~p)

    L~q|aemiql6 ^lslimLama6 =:L~qmag6 ^g`qlsm*alpliaeliql al ~|~ pmasl~%M`gfmkeliqg6 Li l` jgbms ngi ~|~ pmasl~Eibsl~g al g~ pmasl~6 !1?,???

    *M% Ng~qg al m~e~qlinem m `m \iexls~eama L~qmqm` al Nm`egsiem3?==+=3 *xexeliag li l` jgbms ngi `g~ pmasl~%6

    N|gqm~'kmqsn|`m6 !

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    XlsehnmneiL` bgcelsig lalsm` ~l`lnnegim m` mvms,pgs mg, |im al nmam qsl~ HMH^M pmsmxlsenms`m~) e ~l ~l`lnnegim ~| HMH^M

    *gc~lsxms |i m~qlse~ng al~p|~ al ~| LHNli l` ^MS%, l` ng`lbeg `l plaes }|l xlse}|l`m eigskmnei al ~| HM^HM4 pgs `g blilsm`,`l plaes |im ngpem al `m aln`msmneilalsm` al ekp|l~qg~, ~|um g al ~|~pmasl~, k~ slneliql, g~ gsk|`mseg~R+3 | gqsg~ agn|kliqg~ iminelsg~,u `m jgfm al qsmcmfg al xlsenmneingkp`lqmam) _gs gqsm pmsql, l` ng`lbegp|lal plaes`l, eialpliaeliqlkliql, ~|~slbe~qsg~ iminelsg~ pmsm xlsenms ~eslil `g~ sl}|e~eqg~ pmsm slneces mu|ampmsm l~q|aemiql~4 m`b|ig~ ng`lbeg~ gpqmipgs xlsenms `g~ sl}|e~eqg~ al qgag~ `g~l~q|aemiql~)

    X|l`xm m ~g`eneqms mu|amqgag~ `g~ mg~@m kmugsm al `m~ nginl~egil~ al mu|amiminelsm ~l ngi~ealsmi i|lxm~ nmammg lnqexg, pgs ngi~eb|eliql, alcls lixems`m HMH^M qgag~ `g~ mg~) \~l ~| _EI pmsmpsl~liqms ~| HMH^M li l` ~eqegrrr)m~m)bgx m pmsqes al` = al lilsg)Qgag~ `g~ mg~, b|msal `m ngpem al `g }|lpsl~liqm)

    Mnq|m`enl qgam `m eigskmnei }|l ~l jmumkgaenmag, ngkg pgs lflkp`g ~|~ eibsl~g~g l` qmkmg al ~| mke`em, ``lil `m~ slm~ lic`ming u slxe~l ~| `e~qm al ng`lbeg~)

    Alcls xg`xls m nm`enms pmsm ~lb|esslneceliag m~ mu|am~ lalsm`l~ g l~qmqm`l~}|l slnece l` mg miqlsegs) Alcl sl|ies `g~sl}|e~eqg~, g~ n|m`l~ ein`|uli m gc`ebmneial plskmilnls pgs alcmfg al `g~ xm`gsl~qgpl al eibsl~g~ u celil~ *ngi~|`ql `mpbeim 2%) Li `m kmugsm al `g~ nm~g~,qmkcei l~ |i sl}|e~eqg qlils |i psgbsl~gmnmakeng ~mqe~mnqgseg *^M_, li eib`~%,li ngi~ln|linem, m~lbsl~l al liqlials`m pg`qenm al ~| l~n|l`m) Blilsm`kliql,lingiqsms eigskmnei ~gcsl l` M_ li l`~eqeg rlc al ~| l~n|l`m g li l` nmq`gbg aln|s~g~)

    Aj caa

    \qa q aj q |q 6

    u N|` l~ l` ng~qg al m~~qs n|`l~ ~gi~|~ pg`qnm~ al sllkcg`~g ~ mcmiagim)

    u

    Nkg alqlskim ~ |~qla qlil |ipsgbsl~g mnmakng ~mq~mnqgsg }|pm~m al ig ~ls m~)

    u N|` l~ l` pgsnliqmfl al l~q|amiql~}|l ngkp`lqm `g~ psgbsmkm~ n|` l~l` pgsnliqmfl }|l ~l nmkcm m gqsg~ng`lbg~)

    u Nkg l` ng`lbg mnslaq gcq|xg ~|`nlinm)

    u N|` l~ l` pgsnliqmfl al l~q|amiql~}|l gcqlili qsmcmfg~ sl`mngimag~ ngi~| psgbsmkm al l~q|ag~ al~p|~ albsma|ms~l)

    u N|` l~ m m|am iminlsm a~pgic`l,in`|am igskmni ~gcsl qgag~ `g~psgbsmkm~ al m|am iminlsm lalsm`,l~qmqm` al` ng`lbg, ig ~`g ~gcslps~qmkg~)

    u N|`l~ ~gi `m~ lnjm~ al xlinkliqgpmsm lixms `m~ ~g`nq|al~ pmsm nmampsgbsmkm al m|am iminlsm `m gskmli }|l ~l ~l`lnngim m `g~ clilnmsg~)

    u Nkg ~l alqlskim ~| ilnl~amaiminlsm, in`|ag nkg ~l qlilili n|liqm li ~| NGM `g~ ng~qg~pgs kmqsn|`m, n|gqm~, m`gfmkliqg,m`kliqg~, qsmi~pgsql, `csg~, q`l~l~ng`msl~, bm~qg~ pls~gim`l~ bm~qg~

    xmsg~)

    u ]| qpg al ibsl~g~, clil~ alk~mnqgsl~ ~l qgkmi li n|liqm li l`n`n|`g al ~| LHN, }| psgpgsnial ~| ilnl~ama iminlsm *~lbi galqlskim l` ng`lbg% ~l n|csl)

    u ]|l l lzp`}|li g~ alsliql~l`lkliqg~ li ~| pm}|lql al m|amiminlsm, `m lnjm `m gskm li }|lslncs `m m|am)

    u ]|l `l lzp`}|li nkg ~l alqlski `mglsqm al m|am iminlsm pmsm |~qla)

    u ]| pgsni al ~| m|am iminlsm alcl

    alxg`xls, }| pgsni l~ |im clnm pgsilnl~ama g |im m|am al slbm`g) ^`l gslnli |i ps~qmkg, qlil alslnjgm ~mcls `m qm~m al iqls~, l` kgiqgqgqm` }|l alcl slpmbms, `m~ gpngil~ alslpmbg, `m lnjm li }|l alcl ngklivmsm slpmbms l` qlkpg }|l `l ``lxmsslpmbms l` ps~qmkg)

    u Nkg alcl psgnlals pmsm }|l ~l `gngi~alsl pmsm gcqlils m|am mangim` ~~|~ nsn|i~qminm~ iminlsm~ nmkcmi)

    u ]| llnqg pgasmi qlils `m~ clnm~pgs ksqg lzqlsim~ ~gcsl ~| m|amiminlsm)

    u Nkg alcl xg`xls m ~g`nqms m|amiminlsm li `g~ mg~ ~|c~b|liql~)

    l | caa6

    u Mim`vms `g~ ng`lbg~ }|l l~q

    ngi~alsmiag)

    u Slx~ms lxm`|ms qgam `m igskmni~gcsl `g~ psgbsmkm~ al` ng`lbg miql~ ali~nscs~l)

    u Ngignls n|kp`s `m~ lnjm~ alxlinkliqg pmsm ~g`nqms, g pmsmxg`xls m ~g`nqms, `m m|am iminlsm)@m aln`msmni m`~m iqlingim` li |im~g`nq|a al m|am iminlsm lalsm` l~|i al`qg)

    u Sl~pgials p|iq|m`kliql psgpgsngimsqgam `m agn|kliqmni al xlsnmni~g`nqmam, `m~ ngsslnngil~ al ~|~g`nq|a al m|am iminlsm g n|m`}|ls

    igskmni mangim` m `m liqamampsgpmam)

    u @lls b|msams ngpm~ al qgag~ `g~gsk|`msg~ mn|lsag~ }|l skl)

    u _slb|iqms m `m gnim al m|am iminlsmal` ng`lbg ~ ~l `l gqgsb |i lkp`lgpmsm l~q|amiql~, plas `g~ alqm``l~~gcsl jgsm~, |ingil~, pmbm gskm li}|l `l pmbmsi)

    u Ngkp`lqms l` m~l~gsmkliqg al ibsl~gmiql~ al slncs l` pskls al~lkcg`~gal |i ps~qmkg lalsm`4 ~m`s al`m~l~gsmkliqg miql~ al qlskims `ml~n|l`m)

    u Ngkpmsms ~|~ pmbg~ kli~|m`l~miqnpmag~ al` ps~qmkg pmsml~q|amiql~ gqsg~ bm~qg~ ngi `m pmbm}|l l~plsm ``lxms~l m ~| nm~m al~p|~al` ng`lbg)

    u Liqlials `m pg`qnm al alxg`|ni al`m m|am al ~| l~n|l`m ~ slncl m|amiminlsm lalsm` g l~qmqm` mcmiagim`m l~n|l`m)

    u Slpmbms ~|~ ps~qmkg~ pmsm l~q|amiql~4in`|~g ~ ig qlskim ~|~ l~q|ag~, igp|lal gcqlils |i lkp`lg g ig l~q~mq~lnjg ngi `g~ l~q|ag~)

    u Igqnms al iklamqg m ~| ng`lbg m`m liqama maki~qsmagsm al ps~qmkg~~gcsl nmkcg~ li ~| igkcsl, aslnnipg~qm` plskmiliql, iklsg al ql`gig,i~nspni g l~qmag nx`, g sln|s~g~iminlsg~)

    u ^g`nqms |i mp`mvmkliqg g ia|`blinmal kgsg~ama, g |i nmkcg li l` p`mi alslpmbg ~ qlil an|`qmal~ pmsm slm`vms~|~ pmbg~ kli~|m`l~)

    u Xg`xls m ~g`n qms `m m|am iminlsmqgag~ `g~ mg~ }|l m~~qm m` ng`lbg)

  • 7/30/2019 Invierta en Su Futuro 2012-2013

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    ` g ] \ l A l C l ~ m C l s

    Bm~ql al kmilsm eiql`ebliqlGsbminl~l) L~qmc`lvnm msnjexg~ ~lpmsmag~ pmsm ~|~ l~qmag~al n|liqm cminmseg~, n|liqm~ al` jgbms, pmbg~ al ~lb|sg~,

    ~g`eneq|al~ pmsm ng`lbeg~, agn|kliqg~ al mu|am iminelsm,agn|kliqg~ al ps~qmkg~ u ngssl~pgialinem ngi ~| ng`lbegu liqeama makeie~qsmagsm al ps~qmkg~) B|sal`g~ li |i `|bms~lb|sg)

    Nsll |i p`mi kli~|m` al bm~qg~ u sl~pql`g) _seklsg alcls~mcls n|`l~ ~gi ~|~ eibsl~g~ u ~|~ bm~qg~) _msm nm`n|`ms ~|~bm~qg~, migql qgam~ m~ ngkpsm~ aemsem~ a|smiql m` klig~ ag~~lkmim~ pmsm ~mcls aial xm ~| aeilsg) Malk~, mim`enl `g~l~qmag~ al n|liqm al ~| cming g qmsflqm~ al nsaeqg m` im` alnmam kl~) M~ qlias |im c|lim ealm ~gcsl `m nmiqeama al nm~}|l ngkps, `m~ xlnl~ }|l ngke m|lsm, `m sgpm, `g~ vmpmqg~, `g~`ecsg~ | gqsg~ msqn|`g~ }|l ngkps u n|`l~ ~gi `g~ bm~qg~ |~|m`l~al ~| nm~m, ngkg m`}|e`ls, ~lsxeneg~ pc`eng~ u m`ekliqg~)

    C|~}|l u ngkpmsl miql~ al ngkpsms `ecsg~ al qlzqg) C|~}|l

    li `ilm `ecsg~ al qlzqg i|lxg~ u |~mag~) Ngkpmsl `g~ E^CI pmsml~qms ~lb|sg al gcqlils m laenei ngsslnqm *qgag~ g~ `ecsg~ qelili~| psgpeg iklsg l~qiams eiqlsimnegim` al ecsg, l~q |cenmag li`m pbeim al eigskmnei al alslnjg~ al m|qgs%) Malk~, pslb|iql~e ~| ng`lbeg qelil |i psgbsmkm al m`}|e`ls g slngkpsm al `ecsg~)^e ig `l kg`l~qm `lls li `m pmiqm``m al `m ngkp|qmagsm, li `|bmsal |~ms |i `ecsg li pmpl`, jmu xmsem~ gpnegil~ al cmfg ng~qg pmsmal~nmsbms `ecsg~ al qlzqg)

    Lxeql |~ms qmsflqm~ al nsaeqg) _|lal ~ls ne` gcqlils |im qmsflqmal nsaeqg u k~ ne` mi klqls~l li psgc`lkm~) Ngkpmsl u ig~l l al `m~ qm~m~ cmfm~ eienem`l~ }|l speamkliql ~l einslkliqmi)L~q mqliqg m `m~ ngke~egil~ gn|`qm~) Ngi~ealsl, li ~| `|bms, qlils|im qmsflqm al aceqg, plsg mi m~ alcls `lls `m `lqsm pl}|lm)^e qelil |im qmsflqm al nsaeqg, pmb|l ~| ~m`ag ngkp`lqg qgag~ `g~kl~l~) ^e `l l~ ekpg~ec`l, eiqliql pmbms k~ }|l l` pmbg kiekg)

    Ngkelinl m mjgssms) Ig ekpgsqm n|i pl}|lm ~lm `m nmiqeama,mpmsql m`bg qgag~ `g~ kl~l~) Ein`|~g !3? m` kl~ ~ls xesi pmsmnslms |i jceqg al mjgssg u `l mu|amsi m nslms |i ng`nji pmsm|im lklsblinem iminelsm)

    ^lpm n|iqg ilnl~eqm) ^|~ bm~qg~ a|smiql l` ng`lbeg ~gi k~}|l ~`g `m kmqsn|`m u `m~ n|gqm~) Mim`enl `g~ ng~qg~ mnq|m`l~ alnm~e qgag~ `g~ ng`lbeg~ al` pm~ lzp`gsmiag l` ~eqeg rlc al Ng``lblImxebmqgs li rrr)ng``lblimxebmqgs)bgxu l` al Ng``lbl Cgmsa lirrr)ng``lblcgmsa)gsb)

    _`mill qsmi~lses~l) ]| p|lal ekp`enms pmsm |~qla ag~ mg~u 8? |ieamal~ ~lkl~qsm`l~ al nsaeqg qsmi~lsec`l }|l jmumgcqlieag li |i ng`lbeg ngk|ieqmseg7 ^e |~qla n|kp`l ngi `g~sl}|e~eqg~ al make~ei u B_M, p|lal slm`evms ~| qsmi~lslinem m |i

    ng`lbeg al n|mqsg mg~ ~mceliag }|l um ~l jm mjgssmag ke`l~ ala`msl~ li kmqsn|`m u n|gqm~) Qgag~