,167$//$=,21('(/)2512$',1&$662
627723,$12
5DFFRPDQGD]LRQL
,PSRUWDQWH TXDOVL DVL LQWHU YHQWRGL LQVWDOOD]LRQH
RPDQXWHQ]LRQHGHYHHVVHUHHVH JXLWRFRQLO
IRUQRVFROOHJDWRGDOODUH WHHOHWWULFD
/·LQVWDOOD]LRQHGHYHHVVHUHHIIHWWXDWDGDXQ
7HFQLFRTXDOLILFDWRVHFRQGROHLVWUX]LRQLGHO
)DEEULFDQWHHVHFRQGROHQRUPHORFDOLLQYLJRUH
'RSRDYHUGLVLPEDOODWRLOIRUQRYHULILFDUHFKH
O·DSSDUHFFKLRQRQVLDVWDWRGDQQHJJLDWRGXUDQWHLO
WUDVSRUWRHFKHODSRUWDVLFKLXGDFRUUHWWDPHQWH
,QFDVRGLGXEELULYROJHUVLDOULYHQGLWRUHRDO
6HUYL]LR$VVLVWHQ]DSLYLFLQR
'RSRDYHUGLVLPEDOODWRLOIRUQRODVFLDUOR
DSSRJJLDWRVXOODEDVHGLSROLVWLURORSHUHYLWDUH
GDQQHJJLDPHQWL
3HULQVWDOODUHLOIRUQRVLUDFFRPDQGDGLLQGRVVDUH
JXDQWLSURWHWWLYL
1RQVROOHYDUHLOIRUQRSUHQGHQGRORGDOODPDQLJOLD
GHOODSRUWDPDDIIHUUDQGRORGDOOHDSSRVLWH
DSHUWXUHSRVWHVXLODWL
3UHSDUD]LRQHGHOPRELOHSHUO·LQFDVVR
)RUQRDGLQFDVVRVRWWRSLDQR
,PRELOLGHOODFXFLQDDGLUHWWRFRQWDWWRFRQLOIRUQR
GHYRQRHVVHUHUHVLVWHQWLDOFDORUHPLQ&
(VHJXLUHWXWWLLODYRULGLWDJOLRQHOPRELOHHQHO
SLDQRGLODYRURSULPDGLLQVHULUHJOLDSSDUHFFKL
5LPXRYHUHDFFXUDWDPHQWHWUXFLROLRVHJDWXUDFKH
SRWUHEEHURFRPSURPHWWHUHLOIXQ]LRQDPHQWR
GHJOLDSSDUHFFKL
/HGLPHQVLRQLGHOIRUQRHGHOPRELOHVRQR
LOOXVWUDWHQHOOHILJXUH
3HUDVVLFXUDUHXQDFRUUHWWDYHQWLOD]LRQHVL
UDFFRPDQGDGLODVFLDUHXQ·DSHUWXUDVXOIRQGRGHO
PRELOHULVSHWWDQGROHGLPHQVLRQLGHOODILJ
ËULFKLHVWDXQDGLVWDQ]DPLQLPDGLPPWUDLO
ERUGRVXSHULRUHGHOIRUQRHLOERUGRLQIHULRUHGHO
SLDQRGLODYRURILJ
4XHVWDIHVVXUDQRQ
GHYHPDLHVVHUHFKLXVD
'XUDQWHO·LQVWDOOD]LRQHIDUHDWWHQ]LRQHDIILQFKqOH
SDUHWLGHOIRUQRQRQYHQJDQRDGLUHWWRFRQWDWWR
FRQLPRELOLDGLDFHQWL
6HLOPRELOHQRQqVDOGDPHQWHILVVDWRDOODSDUHWH
GHYHHVVHUHDQFRUDWRFRQVWDIIHGLWLSR
FRPPHUFLDOH*YHGHUHILJ
3LDQRGLFRWWXUD
$WWHQ]LRQH
SHULQVWDOODUHLOSLDQRGLFRWWXUDVXXQD
VXSHUILFLHGLPDWHULDOHGLYHUVRGDOOHJQRPDUPR
SODVWLFDFHUDPLFDSLHWUDHFFULFRUGDUVLGLULFKLHGHUH
OHVTXDGUHWWH GLILVVDJJLR ILJ DO6HUYL]LR$VVLVWHQ]D
,OSLDQRGLFRWWXUDGHYHHVVHUHLQFDVVDWRLQXQSLDQR
GL ODYRURFRQXQR VS HVVRUH GLPLQDPD[PP
1RQLQWHUSRUUHPDWHULDOLWUDLOSLDQRGLFRWWXUDH
LOIRUQRHVWUDYHUVLQLLVRODQWLHFF
8QPRELOHDFRORQQDDGLDFHQWHGRYUjSUHVHQWDUH
XQDGLVWDQ]DGLDOPHQRPPGDOERUGRGHO
SLDQRGLFRWWXUDILJ
3UDWLFDUHQHOSLDQRGLODYRURXQ·DSHUWXUDGDOOH
GLPHQVLRQLLQGLFDWHVXOOD6FKHGD3URGRWWRGHO
SLDQRGLFRWWXUDIRUQLWDFRQLOSLDQR
6LFRQVLJOLDGLVLJLOODUHLERUGLLQWHUQLGHOSLDQRGL
ODYRURFRQFROODSHUOHJQRRVLOLFRQH
$SSOLFDUHVXOSLDQRGLFRWWXUDODJXDUQL]LRQHLQ
GRWD]LRQHRYHQRQVLDJLjSUHVHQWHGRSRDYHU
SXOLWRDFFXUDWDPHQWHODVXSHUILFLHGLDSSOLFD]LRQH
3LDQRHOHWWULFRWUDGL]LRQDOH
,PSRUWDQWHSULPDGL LQVWDOODUHLO SLDQRGL FRWWXUD
ULPXRYHUHO·HYHQWXDOHSHOOLFRODGLSURWH]LRQH
6HLOSLDQRGLODYRURqLQOHJQRXWLOL]]DUHOH
DSSRVLWHPROOHWWHHYLWLLQGRWD]LRQH
,QVHULUHOHPROOHWWH%ILJ QHOOHUHODWLYH
JXLGHVXOODWRLQIHULRUHGHOSLDQRGLFRWWXUD
,QVWDOODUHLOSLDQRGLFRWWXUDQHOSLDQRGLODYRUR
6HLOSLDQRGLODYRURqLQPDUPRR DOWUR
PDWHULDOHSODVWLFDFHUDPLFDSLH WUDHFF
LO
ILVVDJJLRGHYHHVVHUHHIIHWWXDWRFRQ SDUWLFRODULVWDIIH
&ILJ FRGLFH G LVSRQLELOL
FRPHVHWFRPSOHWRSUHVVRLO6HUYL]LR$VVLVWHQ]D
)LVVDUHOHVWDIIHQHJOLDSSRVLWLIRULFRQOHYLWLLQ
GRWD]LRQH
,QVWDOODUHLOSLDQRGLFRWWXUDQHOSLDQRGLODYRUR
3LDQRYHWURFHUDPLFR
,PSRUWDQWHSULPDGL LQVWDOODUHLO SLDQRGL FRWWXUD
ULPXRYHUHO·HYHQWXDOHSHOOLFRODGLSURWH]LRQH
$FFHUWDUVL FKHO·DSHUWXUD QHOSLDQR GLODYRURGHVWLQDWD
DO SLDQR GLFRWWXUD VLD WDJOLDWDLQ FRQIRUPLWjDOGLVHJQR
GLPHQVLRQDOHULSRUWDWRVXOOD6FKHGD3URGRWWRGHO
SLDQRGLFRWWXUDULVSHWWDQGROHWROOHUDQ]H
1RQLQVHULUHIRU]DWDPHQWHLOSLDQRGLFRWWXUD
DOO·LQWHUQRGHOSLDQRGLODYRUR&LzSRWUHEEH
SURYRFDUHURWWXUDGDVROOHFLWD]LRQLQHOSLDQR
YHWURFHUDPLFRDQFKHQHOWHPSR
1It00074b.fm Page 13 Tuesday, November 11, 2003 10:43 AM