Título: Los mundos marginados (poemas de la cárcel)

Anuncio
/RVPXQGRVPDUJLQDGRV
SRHPDVGHODFiUFHO
'DYLG*RQ]iOH]
BBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBB
%LEOLRWHFD%DEDE
ZZZEDEDEFRPELEOLRWHFD
6HSWLHPEUH
,6%1
&RS\ULJKW‹0DxDQD(V$UWH$&
&RS\ULJKW‹'DYLG*RQ]iOH]
/RVPXQGRVPDUJLQDGRVSRHPDVGHODFiUFHO'DYLG*RQ]iOH]
%LEOLRWHFD%DEDEZZZEDEDEFRPELEOLRWHFD
ORVTXHDQGDQHQODOX]
QRYHQDORVTXHHVWiQHQODVRPEUD
+HQU\0LOOHU
/RVPXQGRVPDUJLQDGRVSRHPDVGHODFiUFHO'DYLG*RQ]iOH]
%LEOLRWHFD%DEDEZZZEDEDEFRPELEOLRWHFD
GHQRPLQDFLyQGHRULJHQ
ODPLVPDSDODEUDORGLFHFiUFHO
GLPLQXWLYRGHFiUFHOUHIRUPDWRULR
VLQyQLPRVGHFiUFHO
SHQDO
SUHVLGLR
FRUUHFFLRQDO
SHQLWHQFLDUtD
ORVGRV~OWLPRVLQFOX\HQ
PDWL]GHUHJHQHUDFLyQ
SULVLyQHVSDODEUDHVFRJLGD
RIRUHQVH
VHODFRQRFHWDPELpQSRURWURVQRPEUHV
WDOHJRHOPiVH[WHQGLGR
PDFR
WUXOOR
WUHQDJHUPDQLVPR
ORVJLWDQRVODOODPDQHVWDULEHO
RHVWDU
TXHYLHQHDVHUORPLVPR
SHURDEUHYLDQGRVLQHPEDUJR
FXDQGRHVWiVGHQWURGHXQD
FXDQGRWHYHVDOOtPHWLGR
HOQRPEUHHVORGHPHQRV
QRWLHQHPD\RULPSRUWDQFLD
OR~QLFRTXHFXHQWD
HVTXHVLHPSUH
HQWRGRPRPHQWR
HVXQDFiUFHO
XQDFiUFHOWtR
/RVPXQGRVPDUJLQDGRVSRHPDVGHODFiUFHO'DYLG*RQ]iOH]
%LEOLRWHFD%DEDEZZZEDEDEFRPELEOLRWHFD
VSUD\QDVDO
HOERTXHUDVGHVSDUUDPDHOFRQWHQLGR
GHPLEROVDGHYLDMHSRUHQFLPD
GHODSLOWUD\H[DPLQDXQDDXQD
WRGDVPLVSHUWHQHQFLDV
¢TXpHVHVWR"
PHSUHJXQWD
FRJLHQGRXQWXERGHVSUD\QDVDO
\SRQLpQGRPHORGHODQWHGHODVQDULFHV
JRWDVSDUDODQDUL]
WHQJRHOWDELTXHQDVDOGHVYLDGR
\QRUHVSLURQDGD
GHVSXpVUHJLVWUDORVFRPSDUWLPLHQWRV
ODWHUDOHVGHODEROVDGHYLDMH
\PLUDWDPELpQHQODVDVDV
QRHQFXHQWUDQDGDHQWRQFHV
VHSRQHXQRVJXDQWHVGHSOiVWLFR
ILQRV\WUDQVSDUHQWHV
\PHGLFHTXHHPSLHFHDGHVQXGDUPH
HPSLH]RSRUODOLPD
ODVDFRSRUHQFLPDGHODFDEH]D
VLQGHVDERWRQDUOD\VHODGR\
OHDSULHWDHOFXHOOR\ORVSXxRV
VLJRSRUORVFDOFRV
ORVGREOD
ORVVDFXGHUHYLVDODVVXHODV
HOSDQWDOyQ
ORDJDUUDSRUODFLQWXUD
ORSDOSD
PXFKDJHQWHHVFRQGHDKt
/RVPXQGRVPDUJLQDGRVSRHPDVGHODFiUFHO'DYLG*RQ]iOH]
%LEOLRWHFD%DEDEZZZEDEDEFRPELEOLRWHFD
ODVSRVWXUDVGHFKRFRODWH
\ODVSDSHOLQDVGHFDEDOOR
ORVFDOFHWLQHV
¢ORVFDO]RQFLOORV
WDPELpQPHORVWHQJRTXHTXLWDU"
¢DWLTXHWHSDUHFH"
VLWLHQHVFRPSOHMRVGHFXDOTXLHUWLSR
ODSROODSHTXHxDSRUSRQHUXQHMHPSOR
DTXtVHWHTXLWDUiQWRGRVGHJROSH
DJiFKDWH
\KD]XQDVFXiQWDVIOH[LRQHVHQFXFOLOODV
VROROHIDOWDPHWHUPHXQGHGRSRUHOFXOR
HOGHGRtQGLFHFRPRHQODVSHOtFXODV
HOVSUD\PHORYR\DOOHYDU
KDVWDTXHHOPpGLFR
QRWHORDXWRULFH
QRSXHGHVWHQHUOR
QRWHYDQDTXHGDUPiVFRMRQHV
TXHDSUHQGHU
DUHVSLUDU
SRUODERFD
/RVPXQGRVPDUJLQDGRVSRHPDVGHODFiUFHO'DYLG*RQ]iOH]
%LEOLRWHFD%DEDEZZZEDEDEFRPELEOLRWHFD
GHSyVLWROHJDO
PHORGLMRPLPDGUH
DHOODWDPELpQVHORGLMHURQ
HVF~FKHPHVHxRUD\R
OR~QLFRTXHSXHGRJDUDQWL]DUOH
HVTXHVXKLMRKDHQWUDGR
YLYRDTXtDKRUDELHQ
ORTXH\DQRVp
ORTXH\DQRSXHGR
JDUDQWL]DUOH
HVFyPRYDDVDOLU
VHORGLMR
HOGLUHFWRUGHODSURYLQFLDO
PLHQWUDVVHORHVWDEDGLFLHQGR
IXHUDHQHOSDWLR
GHODVHJXQGDJDOHUtD
HVWDEDQDSXQWR
GHFDUJDUVHDO5DQD
HO5DQDGHURGLOODV
DWUDJDQWiQGRVHFRQVXVSURSLDVOiJULPDV
VXSOLFDQGR
SRUVXYLGD
£SRUIDYRUWtR
£QRPHPDWHV
£SRUORTXHPiVTXLHUDV
£QRPHPDWHV
£KDUpWRGRORTXHW~PHSLGDV
£GHYHUGDGWtR£WRGR
£WHORMXURSRUPLVKLMRV
£SRUWRGRVPLVPXHUWRV
£SHURSRUIDYRU
£SRUIDYRUWHORSLGR
£QRPHPDWHV
ODSULPHUDPRMDGD
/RVPXQGRVPDUJLQDGRVSRHPDVGHODFiUFHO'DYLG*RQ]iOH]
%LEOLRWHFD%DEDEZZZEDEDEFRPELEOLRWHFD
FRQXQSLQFKRVDFDGR
GHODSDWDGHXQDFDPD
XQFRQDQ
OHHQWUySRUODERFDDELHUWD
OHDWUDYHVyODOHQJXDODJDUJDQWD
\VDOLySRUODHVSDOGD
ODVHJXQGDVHODHVSHWDURQ
HQODQXFD
OHURPSLyORVGLHQWHV
\WHUPLQyGHUHYHQWDUOH
ODFDEH]D
/RVPXQGRVPDUJLQDGRVSRHPDVGHODFiUFHO'DYLG*RQ]iOH]
%LEOLRWHFD%DEDEZZZEDEDEFRPELEOLRWHFD
ODYLUJLQLGDGSURGXFH
FiQFHU
YDF~QDWH
VRQODVSULPHUDVSDODEUDVTXHYDVDOHHU
DOHQWUDUHQODFHOGDHQODTXHYDVDWLUDUWH
ORVWUHVSUy[LPRVGtDV
HOSHUtRGR
FRPROROODPDQDTXtFLQFRSDODEUDV
GLVSXHVWDVGHHVDIRUPDHQHVHRUGHQFRQFUHWR
FRQOD~QLFDLQWHQFLyQGHPHWHUWHHOPLHGR
SRUHOFXORDFRMRQDUWH
FRPRVLQRORHVWXYLHUDV\DEDVWDQWH
ODVKDQHVFULWRHQHOWDELTXHTXHVHSDUD
ODWD]DGHOYiWHU\HOODYDERGHOUHVWRGHODFHOGD
ODWD]DGHOYiWHUQRWLHQHWDSD
ODFLVWHUQDQRWLHQH
QLDJXD
QLFDGHQD
HOODYDERHVWiVXFLR\DWDVFDGR\HOUHVWRGHODFHOGD
HVSUHFLVDPHQWHHVRUHVWR
UHVWRVGHODLQPXQGLFLDTXHWHKDQGHMDGRGH
UHFXHUGR
RWURVTXHSDVDURQSRUDTXtSULPHURTXHW~
PXHOOHVGHVRPLHUTXHQRSXHGHQ
HVWDUVHTXLHWRV\FDOODGRVQLXQPRPHQWR
FROFKRQHWDVGHHVSXPDILQDVFRPRHOSDSHOGHIXPDU
FRQTXHPDGXUDVGHFLJDUULOORSRUWRGRVODGRV
PDQWDVSLFDMRVDVOOHQDVGHSHORV
FROLOODV
SHULyGLFRVDWUDVDGRV
/RVPXQGRVPDUJLQDGRVSRHPDVGHODFiUFHO'DYLG*RQ]iOH]
%LEOLRWHFD%DEDEZZZEDEDEFRPELEOLRWHFD
\UHYLVWDVSRUQRJUiILFDV
FRQODVSiJLQDVSHJDGDVHQWUHVtSRUHVFXSLWDMRVDPDULOOHQWRV
GHVHPHQUHVHFR
\DGHPiVHQODVSDUHGHVHQHOWHFKRHQODSXHUWD
SRUWRGDVSDUWHVHVFULWDVFRQODOODPDGHOPHFKHUR
RFRQHOPDQJRDILODGRGHXQDFXFKDUD
FDQWLGDGGHIUDVHV
2',2<08(57($/260$'(526
352+,%,'2(6&83,5(1(/68(/2
12//25(6325129(5(/62/
38(6786/É*5,0$67(,03(',5É19(5/$6(675(//$6
/$9,5*,1,'$'352'8&(&É1&(59$&Ó1$7(
HQWRQFHVWHVXEHVDODYHQWDQD
YHWHDFRVWXPEUiQGRWHDOODPDUODSRUVXQRPEUH
SHUODFKDWHVXEHVDODSHUODFKD
\HFKDVXQYLVWD]RDOSDWLR
KD\XQRVPHQGDVMXJDQGRXQSDUWLGRGHIXWELWR
RWURVGDQYXHOWDVFRQODVPDQRVDODHVSDOGD
FRPRVLWRGDYtDOOHYDUDQSXHVWDV
ODVHVSRVDV
RWURVHVWiQVHQWDGRVFRQWiQGRVHSHOtFXODV
\KD\XQRTXHHVWiDSR\DGR
HQODYHQWDQLOODGHOHFRQRPDWR
YHVWLGRVRORFRQXQWUDMHGHEDxRGHHVRVTXHLPLWDQ
ODSLHOGHXQOHRSDUGR
/$9,5*,1,'$'352'8&(&É1&(59$&Ó1$7(
HVH
ORVRWURV
/RVPXQGRVPDUJLQDGRVSRHPDVGHODFiUFHO'DYLG*RQ]iOH]
%LEOLRWHFD%DEDEZZZEDEDEFRPELEOLRWHFD
FXDOTXLHUDGHHOORV
SXHGHKDEHUORHVFULWR3(52
¢TXLpQ"
¢TXLpQSRGUiKDEHUVLGR"
VHDPRVUHDOLVWDV
HQHVWHVLWLR
QDGLHFXHQWDHVWUHOODVSRUODQRFKH
/RVPXQGRVPDUJLQDGRVSRHPDVGHODFiUFHO'DYLG*RQ]iOH]
%LEOLRWHFD%DEDEZZZEDEDEFRPELEOLRWHFD
HOFDQtEDO
WLHQH
ORVGLHQWHV
DILODGRV
OHOODPDQ
HO&DQtEDO
FRPH
SROODV
/RVPXQGRVPDUJLQDGRVSRHPDVGHODFiUFHO'DYLG*RQ]iOH]
%LEOLRWHFD%DEDEZZZEDEDEFRPELEOLRWHFD
FDOHQGDULR
HVWiOOHQDGHUD\DV
ODSDUHG
UD\DVYHUWLFDOHV
FDGDUD\DHVXQGtD
XQGtDTXHKDSDVDGR
TXHKHSDVDGRSUHVR
SRUODVPDxDQDV
ORSULPHURTXHKDJR
DOOHYDQWDUPHGHODSLOWUD
HVDFHUFDUPHDHVDSDUHG
\SUHJXQWDUOH
¢DTXpGtDHVWDPRVKR\"
/RVPXQGRVPDUJLQDGRVSRHPDVGHODFiUFHO'DYLG*RQ]iOH]
%LEOLRWHFD%DEDEZZZEDEDEFRPELEOLRWHFD
ORPLUHVSRUGRQGHORPLUHV
FRPXQLFDV
FRQWXIDPLOLD
GRVYHFHV
DODVHPDQD
ORVPDUWHV
\ORVMXHYHV
HQXQORFXWRULR
FRQXQFULVWDO
GHSRUPHGLR
DSHQDV
VRQXQRVPLQXWRV
HQFDGDFRPXQLFDFLyQ
XQRVYHLQWH
RSRUDKt
SHURSXHGHV
HVWDUVHJXUR
TXHQXQFD
WHYDVDFRPXQLFDU
WDQWR
FRQWXVSDGUHV
VREUHWRGR
FRQWXSDGUH
FRPRHQHOWUDQVFXUVR
GHHVWDVYLVLWDV
/RVPXQGRVPDUJLQDGRVSRHPDVGHODFiUFHO'DYLG*RQ]iOH]
%LEOLRWHFD%DEDEZZZEDEDEFRPELEOLRWHFD
HOFULVWRGHORVIDUROHV
HVSLQDVHGXFKDVLHPSUH
FRQODFDPLVHWDSXHVWD
XQDFDPLVHWDQHJUDVLQPDQJDV
KDFHHVRSDUDTXHQRSRGDPRVYHUOH
HOWDWXDMHTXHOHFXEUHODHVSDOGD
HOWDWXDMH
VHORKL]RHOWDUXFR
VHORKL]R
FRQDJXMDVGHHVDVGHFRVHUODURSD
\XQWXERGHWLQWDFKLQD
HOWDUXFRHVWiHQHOPDFRSRUXQDPXHUWH
ODGHXQFROHJXLOODTXHOHWDQJy
QRVpFXiQWDVSDSHOLQDVGHMDFR
OHOOHYyDOSDQWDQRHVHTXHKD\
HQVDQDQGUpVGHORVWDFRQHV
OXHJRWLUyGHUHFRUWDGD
OHREOLJyDSRQHUVHGHURGLOODV
OHPHWLyORVFDxRQHVSRUODERFD
\DSUHWyORVJDWLOORV
SDUDOLEUDUVHGHOFDGiYHU
OHDPDUUyDODFLQWXUD
FRQDODPEUHR[LGDGR
WUR]RVGHFKDWDUUD
GHVSXpVORDUURMyDODJXD
HVSLQDTXHUtDWDWXDUVHXQFULVWR
HOWDUXFROHWDWXyORTXHpOOODPDED
HOFULVWRGHORVIDUROHV
XQDSROODHQRUPH\FRMRQHV
ORVWDWXDMHV\DQRVRQQLQJ~QSUREOHPD
WHORVSXHGHVTXLWDUFRQUD\ROiVHU
\HVRIXHORTXHKL]RHVSLQD
DSURYHFKyORVSHUPLVRVRUGLQDULRVGHVDOLGD
/RVPXQGRVPDUJLQDGRVSRHPDVGHODFiUFHO'DYLG*RQ]iOH]
%LEOLRWHFD%DEDEZZZEDEDEFRPELEOLRWHFD
TXHGLVIUXWDEDXQDYH]FDGDGtDV
\UHQHJyGHFULVWRHQODFUX]
SHUR\DYHVHVHOGtDGHKR\
\D~QVLJXHGXFKiQGRVH
FRQODFDPLVHWDSXHVWD
/RVPXQGRVPDUJLQDGRVSRHPDVGHODFiUFHO'DYLG*RQ]iOH]
%LEOLRWHFD%DEDEZZZEDEDEFRPELEOLRWHFD
KXPLOODFLyQ
HOIXQFLRQDULR
XQFDFKRGHFDUQHFRQRMRV
HQPDQJDVGHFDPLVD
GLFH
WRGDVODVFRVDV
GHPHWDOTXHWHQJD
ViTXHODV\GpMHODV
VREUHHVDPHVD
OXHJRPLDEXHOD
DSR\DGDHQVXPXOHWD
KDFHXQDxR
VHURPSLyODFDGHUD
DOFDHUGHHVSDOGDVDOVXHOR
PLHQWUDVOLPSLDEDORVFULVWDOHV
GHODYHQWDQDGHODFRFLQD
VXELGDHQFLPDGHXQDEDQTXHWD
SDVDSRUHOGHWHFWRU
GHPHWDOHV\HOGHWHFWRU
HPLWHXQDVHULHGHSLWLGRV
DORPHMRUHVODPXOHWD
GLFHPLPDGUH
¢SXHGHDQGDUVLQHOOD"
OHSUHJXQWDHOIXQFLRQDULR
EXHQRVtSHURQRTXHUUiTXH
TXHVHODGHDXVWHG
\TXHYXHOYDDSDVDU
\PLDEXHOD
VXODUJRSHOREODQFR
UHFRJLGRHQXQPRxR
SRUGHWUiVGHODFDEH]D
/RVPXQGRVPDUJLQDGRVSRHPDVGHODFiUFHO'DYLG*RQ]iOH]
%LEOLRWHFD%DEDEZZZEDEDEFRPELEOLRWHFD
XQSDxXHORQHJURFXEULpQGROD
KDFHORTXHOHRUGHQDQ
\DXQTXHFRMHDQGR
FRQVLJXHTXHHOGHWHFWRU
GHPHWDOHVSLWHRWUDYH]
DYHUTXtWHVHHVHSDxXHOR
PLDEXHODREHGHFH
VHJXURTXHVRQHVDVKRUTXLOODV
DVtTXHKDJDHOIDYRU
GHVROWDUVHHOSHOR
PLPDGUHH[SORWD
¢SHURQRVHOHFDHDXVWHG
ODFDUDGHYHUJHQ]D
DOKDFHUTXHXQDSHUVRQD
WDQPD\RUWHQJD
TXHSDVDUSRUWRGRHVWR
SDUDYHUDVXQLHWR"
¢TXLpQVHFUHHTXHVRPRVQRVRWURV"
¢HVTXHQRVDEHXVWHG
GLVWLQJXLUDODFDODxD
GHODVSHUVRQDVKRQUDGDV"
SHUR\DPLDEXHOD
FRQVXYHVWLGRJULV
HVWiSDVDQGRRWUDYH]
SRUHOGHWHFWRUGHPHWDOHV
FRQLGpQWLFRUHVXOWDGR
TXHODVGRVYHFHVDQWHULRUHV
\HOIXQFLRQDULR
XQFDFKRGHFDUQH
GLFH
TXtWHVHHOYHVWLGR
VLTXLHUHSXHGHGREODUOR
\FROJDUORGHOUHVSDOGR
/RVPXQGRVPDUJLQDGRVSRHPDVGHODFiUFHO'DYLG*RQ]iOH]
%LEOLRWHFD%DEDEZZZEDEDEFRPELEOLRWHFD
GHHVDVLOODGHDKt
PLPDGUHHVWiWDQLQGLJQDGD
TXHQROHVDOHQ
QLODVSDODEUDV
\PLDEXHOD
FRMHDQGR
GHVSHLQDGD
HQHQDJXDV
FRQVLJXHFUX]DUDORWURODGR
GHOGHWHFWRUGHPHWDOHV
VLQVHUGHODWDGD
DKRUD\DSXHGHYHVWLUVH
\SDVDUDOORFXWRULR
GLFHHOERTXHUDV
QRWLHQHXVWHG
SHUGyQGHGLRV
GLFHPLPDGUH
\PLDEXHODTXHDOLU
DSRQHUVHHOYHVWLGR
KDHQFRQWUDGRHQXQEROVLOOR
XQDPRQHGDVXHOWD
VHDFHUFDDOERTXL
\OHGLFH
SHUGyQVHxRU
¢VHUtDHVWRORTXHVRQDED"
\OHSRQHGHODQWHGHORVRMRV
DPRGRGHHVSHMRHQPLQLDWXUD
XQDSHVHWD
FRQODFDUDGH)UDQFR
/RVPXQGRVPDUJLQDGRVSRHPDVGHODFiUFHO'DYLG*RQ]iOH]
%LEOLRWHFD%DEDEZZZEDEDEFRPELEOLRWHFD
HOGHPRQLRWHFRPDODVRUHMDV
HVWiVKDEODQGR
FRQHOUHWUDWR
GHWXFKRUED
WLHQHVTXHOHYDQWDU
PXFKRODYR]
SDUDTXHHOOD
SXHGDRtUWH
HOFKDR
DFDEDGHDEULUVHODVYHQDV
FRQXQDKRMDGHDIHLWDU
\HVWiFKLOODQGR
\SHJDQGRFRFHV
HQODSXHUWDFHUUDGD
WXQRYLDFLHUUDORVRMRV
OHJXVWDUtDWDPELpQ
WHQHUPDQRV
SDUDWDSDUVHORVRtGRV
/RVPXQGRVPDUJLQDGRVSRHPDVGHODFiUFHO'DYLG*RQ]iOH]
%LEOLRWHFD%DEDEZZZEDEDEFRPELEOLRWHFD
QRVWDOJLD
PLSULPHUDUHDFFLyQ
FXDQGRDOGHFLUOHDVLOYLD
KD\RWUR¢HK"
HOODSRQLpQGRVH
URMDPXUPXUD
TXHVt
FyPRORVDEHV
TXLpQWHORGLMR
FyPRWHHQWHUDVWH
VtHVYHUGDG
KD\RWUR
HVPDQGDUODGLUHFWDPHQWH
DODSXWDPLHUGD
DWRPDU
SRUHOFXOR
SRUDKt
HQFDPELR
OR~QLFRTXHOHGLJRHV
EXHQRWtD
HOWpUPLQRWtD
VLJQLILFDWDPELpQ
UDPHUDWUDQTXL
QRSDVDQDGD
SRGHPRVVHJXLU
VLHQGRDPLJRV¢QR"
\GHVSXpV
VDOJRGHOORFXWRULR
DJDFKiQGRPHDOSDVDU
SRUGHEDMRGHODSXHUWD
\DVDEHV
/RVPXQGRVPDUJLQDGRVSRHPDVGHODFiUFHO'DYLG*RQ]iOH]
%LEOLRWHFD%DEDEZZZEDEDEFRPELEOLRWHFD
SRUORGHORVFXHUQRV
\DHQPLFHOGDFRQWHPSOR
XQDIRWRJUDItDGHVLOYLD
HVXQDIRWR
GHFXDQGRHOODWHQtD
FDWRUFHRTXLQFHDxRV
DKRUDWLHQH
GLHFLVpLVRGLHFLVLHWH
XQSULPHUSODQRGHVXFDUD
VRQULHQWH
XWLOL]RHOFLJDUUR
TXHHVWR\IXPDQGR
SDUDTXHPDUOHORVGRVRMRV
OXHJROHWLURGHORVSHQGLHQWHV
KDVWDTXHOHDUUDQFR
GHFXDMRODVGRVRUHMDV
LQPHGLDWDPHQWHOHSDUWR
ODQDUL]HQGRV
\OHURPSRODERFD
\WRGRVORVGLHQWHV
ORTXHTXHGDGHVXFDUD
ORDUURMRSRUODWD]DGHOYiWHU
\DFWRVHJXLGRKDJRHQFLPD
PLVQHFHVLGDGHVILVLROyJLFDV
PLVWUHVQHFHVLGDGHV
\OXHJRWLURGHODFDGHQD
PiVWDUGHSRUODQRFKHHQODFDPD
SLHQVRHQHOOD
ODHFKRPXFKRGHPHQRV
DKRUDTXH\DQRODWHQJR
HVFXDQGRGHYHUGDG
ODHFKRGHPHQRV
ODIRWR
/RVPXQGRVPDUJLQDGRVSRHPDVGHODFiUFHO'DYLG*RQ]iOH]
%LEOLRWHFD%DEDEZZZEDEDEFRPELEOLRWHFD
FXDOTXLHUSDUHFLGRHVSXUDFRLQFLGHQFLD
RWHFRUWDVHOWRPRW~
RWHORFRUWDPRVQRVRWURV
\HQFLHQGHQORVPHFKHURV
\VHGHVFRMRQDQYLYRV
RWHFRUWDVHOWXSpW~
RWHORFRUWDPRVQRVRWURV
W~YHUiVFROHJD
W~PLVPR
VRQFXDWURORVFXDWUR
KLMRSXWDV
TXHPDQGDQ
HQODJDOHUtD
GHORVPHQRUHV
ORVNLHV
IRUPDQXQFtUFXOR
DPLDOUHGHGRU
¢TXpMXODL"
¢WHORYDVDFRUWDURTXp"
KR\HVPDUWHV
\YLHQHQDYHUPHORVYLHMRV
HQWURHQHOORFXWRULR
\PLPDGUHPHGLFH
£WHKDVFRUWDGRHOSHOR
PHQRVPDOTXHWHGLRSRUFRUWDUOR
\DSDUHFtDVXQTXLQTXL
FRQHVDVPHOHQDV
HVWR\DHVRWUDFRVD
GLFHPLSDGUH
DKRUD\DSDUHFHVXQKRPEUH
/RVPXQGRVPDUJLQDGRVSRHPDVGHODFiUFHO'DYLG*RQ]iOH]
%LEOLRWHFD%DEDEZZZEDEDEFRPELEOLRWHFD
XQDOODPDGDWHOHIyQLFD
WHQtDHOWHOpIRQR
DODOFDQFHGHODPDQR
VRORHUDGHVFROJDUOR
\PDUFDUHOQ~PHURGHFDVD
GLUtD
¢PDPi"
Vt\RGDYLG
¢TXLpQLEDDVHUVLQRDHVWDVKRUDV"
¢DWLTXHWHSDUHFH"
¢FyPRTXLHUHVTXHHVWp
HVWDQGRDTXtGHQWUR"
R\HTXHWHQJRSRFRWLHPSR
HVF~FKDPHHVSDUDGHFLUWH
TXHQRYHQJDVHOMXHYHVDYHUPH
QRWUDQTXLOD
QRPHKDSDVDGRQDGD
VRORTXHPDxDQDDODVRFKR
PHOOHYDQGHFRQGXFFLyQ
SDUDJDOLFLD
VtGHODPDxDQD
QR¢FXiQGRTXHUtDVTXHWHDYLVDUD"
QRPHORGLMHURQ
KDVWDKR\SRUODPDxDQD
\DSHURUHVXOWDTXHPHDYLVDURQ
QDGDPiVVDOLUGHFRPXQLFDUFRQWLJR
HVDIXHODSXWDGD
Vt\D\DORVp
/RVPXQGRVPDUJLQDGRVSRHPDVGHODFiUFHO'DYLG*RQ]iOH]
%LEOLRWHFD%DEDEZZZEDEDEFRPELEOLRWHFD
VRQWRGRVXQRVFDEURQHV
SHUR¢TXpTXLHUHVTXHKDJD\R"
¢WHH[WUDxD"
DHVWDVDOWXUDV\DWHQGUtDV
TXHVDEHUFyPRIXQFLRQDQ
ODVFRVDVDTXtGHQWUR¢RQR"
\DYDOHVt
SHUR¢TXLHUHVFDOODUWHXQPRPHQWR
\SUHVWDUPHDWHQFLyQ"
ORTXHTXLHURVDEHUHVVLSRGpLVYHQLU
W~\SDSiD GHVSHGLUPH
\\DGHSDVRPHWUDpLV
XQDEROVDFRQURSDOLPSLD
\DOJRGHGLQHUR
YDOHSHURWHQpLVTXHSURFXUDU
OOHJDUXQSRFRDQWHVQRYD\DDVHU
TXHSRUFXDOTXLHUKLVWRULD
VDOJDPRVDQWHVGHORSUHYLVWR¢HK"
QRHVRVtTXH\DQRORVp
QLLGHDSHURTXLpQVDEH
DORPHMRUORVFRJpLVGHEXHQDV
\RVGHMDQSDVDU
DXQTXHVRORVHDXQPRPHQWR
HVRVHORSUHJXQWiLVDOIXQFLRQDULR
TXHHVWpHQODSXHUWD
DYHUTXHRVGLFHpO
DXQTXHQRFUHR
DVtTXHQRWHKDJDVGHPDVLDGDVLOXVLRQHV
YDOHVtR\HPDPi
\DWHQJRTXHFROJDU
\DHVWiODJHQWHHVWDPHWLpQGRPHSULVD
Vt\RWDPELpQPDPi\DORVDEHV
R\H\TXHQRPHHQWHUH\R
TXHWHSRQHVDOORUDU¢HK"
YDOHDQGDDGLyVKDVWDPDxDQD
£DK£R\H£QRFXHOJXHV£HVSHUD
/RVPXQGRVPDUJLQDGRVSRHPDVGHODFiUFHO'DYLG*RQ]iOH]
%LEOLRWHFD%DEDEZZZEDEDEFRPELEOLRWHFD
VHPHROYLGDEDXQDFRVD
GDOHXQEHVRDEHOpQGHPLSDUWH
YDOHGLOHTXH\RWDPELpQ
EXHQRPDPiKDVWDPDxDQD
DGLyVXQEHVR
SDUDKDFHUHVDOODPDGDWHOHIyQLFD
KDEtDTXHSHGLUOH
SHUPLVRDOMHIHGHVHUYLFLRV
HVWDEDHQHOFHQWURFRQORVRWURVERTXHUDV
OHOODPpDYRFHV\FRQJHVWRVGHVGHODFDQFHOD
PHYLR\YLQR
¢TXpOHRFXUUH"
¢TXpTXLHUHXVWHG"
YHUiHVTXHPDxDQDSRUODPDxDQD
PHYR\GHNXQGDSDUDOXJR
\HQFDVDQRVDEHQQDGD
HQWRQFHVVLXVWHGPHGHMDUDOODPDUSRUWHOpIRQR«
\DWHQGUtDXVWHG
TXHVDEHU
TXHSDUDUHDOL]DU
XQDOODPDGDWHOHIyQLFD
KD\TXHVROLFLWDUORSRUHVFULWR
DODMXQWDGHUpJLPHQRDOGLUHFWRU
QRVLHVR\DORVpWLHQHXVWHGUD]yQ
SHURHVTXHPHYR\PDxDQD
\\DQRPHGDWLHPSR«
SHURRLJDVLVRORVHUiXQPLQXWR
VROROODPDU\GHFLUOHDPLPDGUH
TXHPHYR\GHNXQGD
\TXHQRYHQJDHOMXHYHVDYHUPH
VRORHVRQRWDUGRQLXQPLQXWR«
SHURHVFXFKHMRGHU
DXVWHGTXHSXHGHLPSRUWDUOH
/RVPXQGRVPDUJLQDGRVSRHPDVGHODFiUFHO'DYLG*RQ]iOH]
%LEOLRWHFD%DEDEZZZEDEDEFRPELEOLRWHFD
TXHOODPHRTXHQROODPH
HVVRORXQPLQXWR
DXVWHGQROHYDDSDVDUQDGD
\HOWHOpIRQRHVWiDKtPLVPR«
HVSHUHKRPEUHMRGHUQRVHYD\D
HVSHUHHVFXFKHDWLpQGDPH
PLPDGUHYDDYHQLUHOMXHYHV
\\RQRYR\DHVWDUDTXt
\YDDKDFHUHOYLDMHHQEDOGH
\HQFLPDVHYDDOOHYDUXQGLVJXVWR
\DXVWHGQDGLHOHYDDGHFLUQDGD
SRUGHMDUPHOODPDU«
YHQJDKRVWLDVHQUyOOHVHTXpPiVOHGD
VLHVTXHHOWHOpIRQRHVWiDKtPLVPRMRGHU
¢FyPRWHQJRTXHGHFtUVHORDXVWHG"
¢HVTXHQRPHKHH[SOLFDGRELHQ"
¢QRPHKDHQWHQGLGR"
¢HVWR\KDEODQGRHQFKLQR"
QRSXHGRDXWRUL]DUHVDOODPDGD
\SXQWR
DGHPiVSDUDTXHVHHQWHUH
GHVGHHVHWHOpIRQR
QRVHSXHGHKDEODUFRQODFDOOH
VRORWLHQHOtQHD
FRQHOLQWHULRUGHODFiUFHO
/RVPXQGRVPDUJLQDGRVSRHPDVGHODFiUFHO'DYLG*RQ]iOH]
%LEOLRWHFD%DEDEZZZEDEDEFRPELEOLRWHFD
ODPDLFD
QRWLHQHSLxRV
OHKDQFDtGRWRGRV
SULPHURSRUFXOSDGHOFDEDOOR
\GHVSXpVSRUODPLHUGD
GHFRPLGDGHOWDOHJR
DVtODFKXSDVPHMRU
OHGLFHQWRGRV
ODPDLFDHVWiGHVGHQWDGD
\HVRTXL]iLQIOX\DHQVXYR]
XQDYR]
TXHOHYLHQH
TXHQLSLQWDGD
SDUDDUUDQFDUVHSRUEXOHUtDV
HOULFKDUGVHDVRPDDODSHUODFKD
WRGDVODVQRFKHV
GHVSXpVGHOUHFXHQWR
\VHSRQHDJULWDU
£PDLFD
£HVDPDLFD
£FiQWDQRVDOJR
£YHQJD
HOODVHKDFHODORFD
£HVDPDLFDERQLWD
£YHQJD
£FiQWDWHXQD
SHURVLHPSUHDFDED
SRUKDFHUOHFDVR
HOSLFROHWRGHODJDULWD
GHMDGHSDVHDU
/RVPXQGRVPDUJLQDGRVSRHPDVGHODFiUFHO'DYLG*RQ]iOH]
%LEOLRWHFD%DEDEZZZEDEDEFRPELEOLRWHFD
GHXQODGRSDUDRWUR
VHDSR\DFRQWUDODSDUHGGHOPXUR
SRQHHQFLPDVXIXVLO
HQFLHQGHXQWUXMDV
\HVFXFKDHQVLOHQFLR
HVDYR]VLQGLHQWHV
TXHQRVPXHUGHDWRGRV
HOFRUD]yQ
D\HUODPDLFDQRQRVFDQWyQDGD
KDEtDQHPSH]DGR
DFDHUOHWDPELpQ
ODVPXHODV
/RVPXQGRVPDUJLQDGRVSRHPDVGHODFiUFHO'DYLG*RQ]iOH]
%LEOLRWHFD%DEDEZZZEDEDEFRPELEOLRWHFD
HOUHVWRGHOFDPLQR
DYHFHVRFXUUH
QRPHSUHJXQWHV
QLFyPR
QLSRUTXp
SHURORFLHUWR
HVTXHRFXUUH
PHTXHGRSDUDGR
HQPLWDGGHODFHOGD
PLUDQGRILMDPHQWH
ODVEDOGRVDVGHOVXHOR
VLQUHFRQRFHUODV
QLUHFRQRFHUHQHOODV
ORV
SDVRV
SHUGLGRV
/RVPXQGRVPDUJLQDGRVSRHPDVGHODFiUFHO'DYLG*RQ]iOH]
%LEOLRWHFD%DEDEZZZEDEDEFRPELEOLRWHFD
ODVILHVWDVGHODVROHGDG
PHOODPDQ
GHVGHODYHQWDQD
GHOGHSDUWDPHQWR
GHODVPXMHUHV
ODPDLFD
£HKGDYLG
¢DTXHQRVDEHV
DTXLpQWHQJRFRQPLJR"
¢DTXLpQ"
DXQDWtDGHWXEDUULR
SRQJRODPDQR
HQFLPDGHODIUHQWH
DPRGRGHYLVHUD
\PLURKDFLDODYHQWDQD
HQPDUFDGDHQWUHORVEDUURWHV
FRPRXQDSRVWDO
DSDUHFHXQDFDUD
ODFDUDGHEHJRxD
5HFXHUGRKDFHDxRVXQDWDUGH
HQODVILHVWDVGHODVROHGDG
ORVQLxRVODKDEtDQGHMDGRVROD
OHKDEtDQGHMDGRWRGRVORVFDEDOOLWRV
SDUDHOOD\HOODGDEDYXHOWDV
\YXHOWDV\YHQJDYXHOWDV
\PiVYXHOWDV
WRGDVODVPLUDGDVSXHVWDV
HQVXFXHUSRGHFXHURQHJUR
GHVSXpVVHEDMD
VHDFHUFDDGRQGH\RHVWR\
VHQWDGRHQHOFDSyGHXQFRFKH
/RVPXQGRVPDUJLQDGRVSRHPDVGHODFiUFHO'DYLG*RQ]iOH]
%LEOLRWHFD%DEDEZZZEDEDEFRPELEOLRWHFD
PHFRJHSRUODFLQWXUD
\GHODQWHGHWRGRHOPXQGR
VLQFRUWDUVH
PHGDXQEHVR
HQODERFD\PHGLFH
PHJXVWDVXQPRQWyQWtR
SHURHUHVGHPDVLDGR
JROIRSDUDPt
OXHJRXQDSHQVLyQ
GHPDODPXHUWH
HOOD\VXKHUPDQR
SHTXHxREHUQDU
WLUDGRVHQFLPD
GHXQDFDPDGHVKHFKD
HOODHQEUDJDV\VXMHWDGRU
HVTXHOpWLFD
FRPRVLDFDEDUDGHVDOLU
GHXQFDPSRGHFRQFHQWUDFLyQ
HQFLPDGHODFROFKD
KD\XQDFXFKDUDTXHPDGD
PHGLROLPyQSRGULGR
ORVHQYROWRULRVYDFtRV
GHGRVMHULQJXLOODV
\XQDSDSHOLQDGHFDEDOORDELHUWD
HQFLPDGHODPHVLWDGHQRFKH
UHFHWDVIDOVLILFDGDVGHOD66
GLQHURWDEDFRPHFKHURV
XQDERWHOODGHDJXDPLQHUDO
FDMDVGHSDVWLOODV
EXSUH[URSKLQRO
WUDQ[LOLXP
\PiVMHULQJXLOODV
EHJRxD\VXKHUPDQRSHTXHxRVHFKXWDQ
GHVSXpVHOODPHPLUD\PHGLFH
GDYLG¢WHGDPiV
VDOLUXQPRPHQWR"
HVVRORXQPRPHQWR
HVVRORPLHQWUDV
/RVPXQGRVPDUJLQDGRVSRHPDVGHODFiUFHO'DYLG*RQ]iOH]
%LEOLRWHFD%DEDEZZZEDEDEFRPELEOLRWHFD
PHFDPELRGHURSD
\ODYR]GHEHUQDU
¢TXpSDVDFRQWLJREHJR"
¢TXpWHFUHHV
TXHGDYLG
QRKDYLVWRQXQFD
XQFRxR"
OXHJRHOIXQHUDO
HOIXQHUDOSRUODPXHUWH
GHWXKHUPDQRSHTXHxR
GHEHUQDU
HQODLJOHVLDGHVDQSHGUR
HOPDUDOOiIXHUD
ORV\RQTXLVDOOiIXHUDWDPELpQ
QHUYLRVRV
VREUHWRGRORVTXHFRPSDUWLHURQ
PiTXLQDVFRQWLJR\FRQpO
SUHJXQWiQGRVH
XQRVDRWURV
GHTXpKDPXHUWREHUQDU
VLGHXQDVREUHGRVLV
RGH6,'$
RGHFRPRGLFHODQRWDRILFLDO
PHQLQJLWLV
\HVSHUDQGRTXHKD\D
VLGRSRUHVWR~OWLPR
SDUDGDUWHHOSpVDPH
PHYHRREOLJDGR
DSLVDUODVRPEUD
TXHIRUPDWXFXHUSR
QRVDEUD]DPRV
PHPLUDV\WHHFKDVDOORUDU
£PHKHTXHGDGRVRODGDYLG
£PHKHTXHGDGRPX\VRODWtR
ODVRPEUDGHWXFXHUSR
\QRSRGtDVHUGHRWUDPDQHUD
/RVPXQGRVPDUJLQDGRVSRHPDVGHODFiUFHO'DYLG*RQ]iOH]
%LEOLRWHFD%DEDEZZZEDEDEFRPELEOLRWHFD
HUDXQDFUX]
ODFDUDGHEHJRxD
SHURWtD¢TXpKDFHVW~DTXt"
QDGD\DORYHV
¢FXiQGRKDVHQWUDGR"
D\HUSRUODWDUGH
¢SHURTXpIXHORTXHDUPDVWH"
QDGDXQDV[LUODV\XQRVTXHRV
¢\WHKDQSXHVWRILDQ]D"
QRTXpYD
¢TXpMXH]WHWRFy"
ODGHOFXDWUR
¢ODJLOLSROODVHVD"
SXHVORWLHQHVFODUR
R\HDSURSyVLWR
¢VDEHVXQDFRVDEHJR"
¢TXpFRVD"
TXHHVWiVPX\JXDSD
OHJULWR
\HVYHUGDG
ORHVWi
ODVRMHUDVKDQGHVDSDUHFLGR
ORVSyPXORV\DQRVREUHVDOHQWDQWR
VXFDUDWLHQHRWURFRORU
DGHPiVVHKDGHMDGRFUHFHUHOSHOR
/RVPXQGRVPDUJLQDGRVSRHPDVGHODFiUFHO'DYLG*RQ]iOH]
%LEOLRWHFD%DEDEZZZEDEDEFRPELEOLRWHFD
HVWiVWDQJXDSDFRPR
LEDDGHFLUTXHFRPRDTXHOODYH]
HQODVILHVWDVGHODVROHGDG
HQORVFDEDOOLWRV
SHURSUHILHURFDOODUPHODERFD
HVTXHHVWi
HPEDUD]DGD
PHJULWD
ODPDLFD
/RVPXQGRVPDUJLQDGRVSRHPDVGHODFiUFHO'DYLG*RQ]iOH]
%LEOLRWHFD%DEDEZZZEDEDEFRPELEOLRWHFD
ODERFDGHOHVWyPDJR
TXHQR
TXH\DHVWiELHQGHWDQWDFRxD
TXH\DRVYDOHMRGHU
TXHQR
TXHQRVXELPRVDOFKDEROR
SDUDODKRUDGHODVLHVWD¢YDOH"
YLQLHURQPiVERTXHUDV
TXHQR
TXHHVWRQRKD\TXLHQORFRPD
TXHHVWR
QLHVFRPLGD
QLHVQDGD
TXHQR
TXHSDVDPRVGHVXELUDOFKDEROR
SDUDODKRUDGHODVLHVWD¢YDOH"
OOHJyHOMHIHGHVHUYLFLRV
¢FyPRTXHTXpSDVDDTXt"
¢DXVWHGTXHOHSDUHFH"
VHVXSRQHTXHHVWRVRQOHQWHMDV¢QR"
SXHVPLUH¢ORYH"
DTXtQRKD\PiVTXHDJXD¢ORYH"
\KDVWDTXHQRQRVWUDLJDQ
XQDMDODFRPRGLRVPDQGD
GHDTXtQRQRVPRYHPRV
QRVXELPRVDODFHOGD
SDUDODKRUDGHODVLHVWD¢YDOH"
WXYLHURQTXHDYLVDUDOGLUHFWRU
YR\DLUSDVDQGROLVWDGHXQRHQXQR
\DOTXHQRGHSRQJDVXDFWLWXG
\VLJDQHJiQGRVHDVXELU
VHOHFDVWLJDUiFRQXQILQGHVHPDQD
/RVPXQGRVPDUJLQDGRVSRHPDVGHODFiUFHO'DYLG*RQ]iOH]
%LEOLRWHFD%DEDEZZZEDEDEFRPELEOLRWHFD
GHDLVODPLHQWR
HQODVFHOGDVGHFDVWLJR
¢KHKDEODGRFRQDVXILFLHQWHFODULGDG"
FRQWDQWDFODULGDG
TXHSHUGLPRVHOFXOR
HVFDOHUDVDUULED
DYHUTXLpQGHQRVRWURV
FRJtDSULPHUR
HOVXHxR
GHVSXpVSRUODQRFKHSDUDFHQDU
ODVPLVPDV
SXWDV
OHQWHMDV
/RVPXQGRVPDUJLQDGRVSRHPDVGHODFiUFHO'DYLG*RQ]iOH]
%LEOLRWHFD%DEDEZZZEDEDEFRPELEOLRWHFD
VDOLGDGHHPHUJHQFLD
OHKDQWHQLGRTXHPHWHUHQWXFKDEROR
QRKDEtDRWURVQRMRGHU
WHQtDTXHVHUSUHFLVDPHQWHpVWHHOWX\R
DODPLHUGDWXLQWLPLGDG
QRSDUDGHPRYHUVHQRSXHGHHVWDUVHTXLHWR
HQXQVLWLRQRWLHQHTXHDQGDUWRFDQGRODVSHORWDV
GHXQODGRSDUDRWURDORPHMRUWLHQHHOPRQR
WHVDFDGHTXLFLRWHSRQHGHORVQHUYLRV
\W~¢SRUTXpHVWiVDTXt"
¢TXpKLFLVWH"¢FXiQWRWLHPSROOHYDV\D"
¢WHSXVLHURQILDQ]D"DPtWDPSRFR
SHUR\DWHQJRSHQVDGRORTXH
YR\DKDFHUSDUDVDOLUGHDTXt
¢HOTXpVLSXHGHVDEHUVH"
DUUDQFDUODYDULOODGHODFLVWHUQD
DILODUOD\PHWHUPHXQSXxDOyQ
ILMRTXHDVtPHVDFDQDOKRVSLWDO
SRUODQRFKHWHSLGHSUHVWDGRXQMHUVH\
VRORPLHQWUDVODYDHOVX\RHQHOODYDER
\OHVHFDHVTXHHVWiOOHQRGHVDQJUH
GHODFDQWLGDGGHKRVWLDVTXHOHFD\HURQHQFRPLVDUtD
GHVSXpVFXDQGR\DHVWiVDSXQWRGHTXHGDUWHVREDGR
VHOHYDQWD
VHVLHQWDHQODWD]DGHOYiWHU\VHSRQHDMLxDU
R\HVORVHVIXHU]RVTXHKDFHORVSHGRVTXHVHOH
HVFDSDQ\WRGDYtDWLHQHTXHURPSHUWHODVQDULFHV
HOKHGRU
GDVYXHOWDVHQODFDPDORKDFRQVHJXLGRWHKDGHVYHODGR
VHSDVDWRGDODPDxDQD\FDVLWRGDODWDUGH
DILODQGRODYDULOODFRQWUDODSDUHGWHGDGHQWHUD
VHWHSRQHODFDUQHGHJDOOLQDORVSHORVGHSXQWD
WHHQVHxDHOSLQFKRFXDQGRWHUPLQD
/RVPXQGRVPDUJLQDGRVSRHPDVGHODFiUFHO'DYLG*RQ]iOH]
%LEOLRWHFD%DEDEZZZEDEDEFRPELEOLRWHFD
¢W~TXHFUHHV"¢PHGROHUiPXFKR"
DSR\DODHVSDOGDFRQWUDODSXHUWDGHODFHOGD
VHVXEHHOMHUVH\WXMHUVH\
\VHFODYDHOSLQFKRHQODEDUULJD
WUHVRFXDWURFHQWtPHWURVSRUGHEDMRGHORPEOLJR
SHURKDVLGRSRFRSRUXQDKHULGDWDQLQVLJQLILFDQWH
VHJXURTXHQLOREDMDQDODHQIHUPHUtD
HVTXHQRVDOHQLVDQJUH
HVSHUDWHYR\DHFKDUXQFDEOH
WHDFHUFDVDVXODGRDJDUUDVHOSLQFKRFRQXQD
PDQR\WHSUHSDUDVSDUDHPSXMDUORFRQODRWUD
SHURQRHVWDQVHQFLOORQRHVWDQIiFLO
¢\VLDOJRVDOHPDO"VLWHORFDUJDV¢TXp"
¢TXpWHSDVDUiHQWRQFHV"SRUTXHQRHVEURPD
SXHGHVPDWDUORRGHMDUORGHVJUDFLDGRSDUDHOUHVWR
GHVXYLGDSHURWHYLHQHDODPHPRULD
HOKHGRUGHVXPLHUGD
\VXVSDVHtOORVSRUODFHOGD
\VXVURQTXLGRV
\HVHUXLGRWDQGHVDJUDGDEOHTXHKDFHDOPDVWLFDUODFRPLGD
\HQWRQFHVHPSXMDVFRQWRGDVWXVIXHU]DV
DGHQWUR
PiVPiVDGHQWUR
ELHQDGHQWURKDVWD
ODVPLVPtVLPDVHQWUDxDV
/RVPXQGRVPDUJLQDGRVSRHPDVGHODFiUFHO'DYLG*RQ]iOH]
%LEOLRWHFD%DEDEZZZEDEDEFRPELEOLRWHFD
HOWLJUH
OXLVWHQtDWDWXDGR
XQWLJUHHQHODQWHEUD]R
EXHQRQRVpVLHUD
XQWLJUHRXQOHRSDUGR
DOJRDVt
\VHFKXWDEDHQODVSLQWDV
GHODSLHOGHODQLPDO
SRUTXHGHHVDIRUPDQRVH
OHQRWDEDQODVPDUFDV
\DVtVLHPSUH
KDVWDTXHXQGtD
HOWLJUHVHFDQVy
\OHFRPLyHOEUD]R
GHXQPRUGLVFR
/RVPXQGRVPDUJLQDGRVSRHPDVGHODFiUFHO'DYLG*RQ]iOH]
%LEOLRWHFD%DEDEZZZEDEDEFRPELEOLRWHFD
ORVVXEWHUUiQHRV
¢UDWDV"SDUDUDWDV
ODVGHOWDOHJR
¢YHUGDGTXHVtWtR"
¢YHUGDGTXHVt"
HVWRVRQUDWDV
\ORGHPiVFXHQWR
SXUDVUDWDVGHDOFDQWDULOOD
DFXpUGDWHGHOJDWR
TXHGHVDSDUHFLy
HQORVWLJUHVGHOSDWLR
SXUDVUDWDVGHDOFDQWDULOOD
¢ODVR\HV"
HVWiQVXELHQGR
SRUODVWXEHUtDV
YLHQHKDFLDDTXt
QRWHROYLGHV
TXHHOUHWUHWH
QRWLHQHWDSD
SHURQRWHSUHRFXSHV
QRSUREOHP
FRJHDOJRTXHWHQJDSHVR
FXDOTXLHUFRVDYDOH
XQDPDQWDGREODGDSRUHMHPSOR
\SRQHQFLPDWXV]DSDWRV
\WXVOLEURVGHSRHPDV
HVREDVWDUi
¢ODVR\HV"
¢R\HVHOUXLGRTXHKDFHQ
DOHVWUHOODUVHFRQWUDODPDQWD"
VHJXLUiVR\pQGROR
PLHQWUDVWHQJDVPHPRULD
PLHQWUDVYLYDV
WLHQHQTXHUHFRUUHU
XQRVYHLQWHPHWURVRDVt
DFLHORGHVFXELHUWR
VLTXLHUHQFUX]DU
/RVPXQGRVPDUJLQDGRVSRHPDVGHODFiUFHO'DYLG*RQ]iOH]
%LEOLRWHFD%DEDEZZZEDEDEFRPELEOLRWHFD
GHXQRVXULQDULRVDRWURV
HVFXHVWLyQ
GHDUPDUVHGHSDFLHQFLD
\HVSHUDU
HQFXDQWRVDOHODSULPHUD
OHDUUHDPRVXQJROSH
FRQWRGDVQXHVWUDVIXHU]DV
FRQXQSDORGHHVFRED
XQDEXHQDSDWDGDWDPELpQVLUYH
SHURKD\TXHDOFDQ]DUODGHOOHQR
GHMDUODDSLMRWDGD
VLQRVHWHSXHGHHVFDSDU
ODOOHYDPRVDKRVWLDV
KDVWDHOFHQWURGHOSDWLR
\XQDYH]DOOt
DOJXLHQVDFDHOPHFKHUR
\ODTXHPDYLYD
HVWRSRUHOJDWR
KLMDGHSXWD
¢R\HVFRPRFKLOOD"
¢YHVFRPRVHUHWXHUFHGHGRORU"
PtUDODFRPRVHDUUDVWUD
SHURHVLQ~WLO
SLHUGHHOWLHPSR
HVWiPXHUWD
£YHQJD
YDPRVDSRURWUDPiV
OXHJRHOSDSXFKL
TXHQRHVQDGDHVFUXSXORVR
OHVDWDHOH[WUHPRGHXQFRUGHO
DOUHGHGRUGHOUDER
\ODVFXHOJDERFDDEDMR
GHODVYLJDVGHOWHQGHMyQ
DYHFHVOHGDWDPELpQSRUWLUDUODV
SRUHQFLPDGHOPXUR
DORWURODGRGHODVYtDVGHOWUHQ
/RVPXQGRVPDUJLQDGRVSRHPDVGHODFiUFHO'DYLG*RQ]iOH]
%LEOLRWHFD%DEDEZZZEDEDEFRPELEOLRWHFD
MDTXH
PLHQWUDVMXJDPRVHVWDVSDUWLGDVGHDMHGUH]
PLHQWUDVPDWDPRVHOWLHPSR
HOWLHPSRVLJXHVXFXUVRLQH[RUDEOHPHQWH
VLQDFRUGDUVHGHQRVRWURV
ROYLGDGRVHQHVWDSXWDFHOGD
ROYLGDQGRODSDODEUDWLHPSR
/RVPXQGRVPDUJLQDGRVSRHPDVGHODFiUFHO'DYLG*RQ]iOH]
%LEOLRWHFD%DEDEZZZEDEDEFRPELEOLRWHFD
QXHVWUDVHxRUDGHODPHUFHG
PDxDQDHVGHVHSWLHPEUH
GtDGHQXHVWUDVHxRUDGHODPHUFHG
SDWURQDGHWRGRVORVSUHVRV
PDxDQDVHUiILHVWD
VHGLVSXWDUiXQFDPSHRQDWRGHIXWELWR
HQWUHORVSHQDGRV\ORVSUHYHQWLYRV
GHODFDOOHYHQGUiQXQFDQWDXWRUFRPSURPHWLGR
XQJUXSRGHURFNDOWHUQDWLYR
\XQDFRPSDxtDGHWHDWURLQGHSHQGLHQWH
HODxRSDVDGRYLQRWDPELpQXQDSRHWLVD
TXHHVFULEtDYHUVRVVREUHODOLEHUWDG
DXQTXHDTXHOODVHUDQVXVSULPHUDVKRUDV
GHQWURGHXQDFiUFHO
PDxDQDHVGHVHSWLHPEUH
GtDGHQXHVWUDVHxRUDGHODPHUFHG
SDWURQDGHWRGRVORVSUHVRV
PDxDQDVHUiILHVWD
¢VHSXHGHVDEHUTXpHVORTXHFHOHEUDUHPRV"
¢HOHVWDUSUHVRVTXL]i"
/RVPXQGRVPDUJLQDGRVSRHPDVGHODFiUFHO'DYLG*RQ]iOH]
%LEOLRWHFD%DEDEZZZEDEDEFRPELEOLRWHFD
FDULxRDQLPDO
HOMDSRQRVHFDQVD
GHGDUOHEHVRVHQODFDUD
\HQODFRPLVXUDGHORVODELRV
DOVDJDULWROHGLFHDORtGR
£SHURFyPRPHFDPHODV
PHWUDHVORFRMRGHU
SDUHFHVXQJXD\DER
HOMDSRVHFRPLyXQDPXHUWH
OHFD\HURQPiVGHDxRV
SRUDVHVLQDUYHFHV
DXQPDULFyQFRQHOTXHFRLQFLGLy
HQODEDUUDGHXQDGLVFRWHFD
\VRORSRUTXHOHJXLxyHORMR
/RVPXQGRVPDUJLQDGRVSRHPDVGHODFiUFHO'DYLG*RQ]iOH]
%LEOLRWHFD%DEDEZZZEDEDEFRPELEOLRWHFD
]XPRGHQDUDQMD
DSHQDVWHVRVWLHQHVGHSLH
VRQFLQFRGtDV\D
VLQSUREDUQLERFDGR
ORVGRV~OWLPRVDGHPiV
VLQEHEHUQDGD
XQDKXHOJDGHKDPEUH
HQSODQVDOYDMH
SLHQVDVFRQVWDQWHPHQWHHQFRPLGD
HQODFRPLGDGHODFiUFHO
HQHODJXDWLELDFRQOHQWHMDV
HQORVJDULERORV
TXHSRGUtDQVHUYLUPX\ELHQ
SDUDHOMXHJRGHODVFDQLFDV
HQHODUUR]YLVFRVR
SUXHEDDWLUDUORFRQWUDODSDUHG
\YHUiVFRPRVHTXHGDDOOtSHJDGR
HQODVSDWDWDVIULWDV
IUtDV\UHYHQLGDV
HQORVKXHYRVIULWRV
VLQ\HPD
FDFKRVGHFiVFDUDXQLGRVDODFODUD
HOPHOODGRHQWUDHQODFHOGD
OOHYDXQDQDUDQMDHQODPDQR
ODQDUDQMDPiVJUDQGHTXHKDVYLVWRHQWXYLGD
VHODSDVDGHXQDPDQRDODRWUD
ODODQ]DDODLUH
ODUHFRJHWHPLUDVHFDFKRQGHD
¢TXpSULQJDR"
¢FyPROROOHYDV"
¢WRGDYtDQRWHKDVPXHUWR"
VHDSDODQFDHQODFDPDDWXODGR
\VHSRQHDSHODUODQDUDQMD
ODSHODGHVSDFLR
VLQQLQJXQDSULVD
/RVPXQGRVPDUJLQDGRVSRHPDVGHODFiUFHO'DYLG*RQ]iOH]
%LEOLRWHFD%DEDEZZZEDEDEFRPELEOLRWHFD
FXLGDGRVDPHQWH
ODVPRQGDVODVDUURMDDOVXHOR
QRSXHGHVDSDUWDUODPLUDGD
GHVXVXxDVOOHQDVGHURxD
HOMXJRGHODQDUDQMD
OHUHVEDODSRUORVGHGRVVXFLRV
\pOGHMDSRUXQPRPHQWRGHSHODU
\VHORVFKXSD
KDFLHQGRWRGRHOUXLGRTXHHVFDSD]
KDFLpQGRORDGUHGH
VHSDVDODOHQJXDSRUORVODELRV
UHODPLpQGRVH
FRPRORSHUUDTXHHV
DOJXQDVJRWDV
KDQFDtGRVREUHODDOPRKDGD
PX\FHUFDGHWXFDUD
GHPDVLDGRFHUFDGLUtD\R
WHUPLQDGHPRQGDUODQDUDQMD
ODDFHUFDDORVODELRV
DEUHODERFD
\FXDQGRYDDSHJDUOH
HOSULPHUPRUGLVFR
SDUHFHDUUHSHQWLUVH
HQWRQFHVWHPLUDVRQUtH
¢TXLHUHVTXHWHGpXQJUDMR"
QR
XQRQR
XQRHVSRFR
WRGRVORVTXLHUHVWRGRV
OHDUUDQFDVODQDUDQMDGHODVPDQRV
\WHODOOHYDVHQWHUDDODERFD
QRHQWUD
WHPXHUGHVODOHQJXD
WDPELpQXQWUR]RGHODELR
HQWRQFHVDUUDQFDV
ORVJDMRVGHWUHVHQWUHV
ORVOOHYDVDODERFD
\SDUDTXHWHHQWUHQGHOWRGR
ORVHPSXMDVFRQOD\HPDGHORVGHGRV
/RVPXQGRVPDUJLQDGRVSRHPDVGHODFiUFHO'DYLG*RQ]iOH]
%LEOLRWHFD%DEDEZZZEDEDEFRPELEOLRWHFD
WLHQHVWDQWDJXVD
TXHORVSDVDVHQWHURV
VLQPDVWLFDU
ORTXHPDVWLFDV
VRQWXVSURSLRVGHGRV
WXVSURSLDVXxDV
WHDWUDJDQWDVFRQODVSHSLWDV
WHHPSDSL]DV
WRVHV
WHGDQDUFDGDV
WHHQWUDQJDQDVGHYRPLWDU
SHURVLJXHVGHYRUDQGRHSLOpSWLFDPHQWH
ODQDUDQMD
OXHJRWHWLUDVGHFDEH]DDOVXHOR
WRGDYtDWLHQHVTXHFRPHU
ODV
PRQGDGXUDV
/RVPXQGRVPDUJLQDGRVSRHPDVGHODFiUFHO'DYLG*RQ]iOH]
%LEOLRWHFD%DEDEZZZEDEDEFRPELEOLRWHFD
¢SRHPDV"
FXDOTXLHUD
TXHOHDODVFDUWDV
TXHOHPDQGR
DPLPDGUH
SHQVDUi
TXHVHODVHVFULER
GHVGHXQKRWHO
GHFLQFRHVWUHOODV
/RVPXQGRVPDUJLQDGRVSRHPDVGHODFiUFHO'DYLG*RQ]iOH]
%LEOLRWHFD%DEDEZZZEDEDEFRPELEOLRWHFD
HOGHGRHQHOJDWLOOR
DOJXQDQRFKH
GHVSXpVGHOUHFXHQWR
HVHOGHOWULFRUQLR
TXLHQODVSDJD
£SLFR
£SLFROHWR
¢\WXPXMHU"
¢GyQGHODWLHQHV"
¢FRQTXLpQHVWi"
£SUHJ~QWDOHDWXVDUJHQWR
ILMRTXHORVDEH
£QRYHDVFyPRVHHVWDUiSRQLHQGR
DOJXQRGHQRVRWURV
HPSLH]DDWLUDUOH
ODVSLODVXVDGDV
GHOUDGLRFDVHWH
HQVHJXLGDOHLPLWD
WRGRHOPXQGR
\HOSREUHSLFROHWR
VXIUHXQDXWpQWLFRERPEDUGHR
DYHFHVVHUHIXJLDHQODJDULWD
£SLFR
£SLFROHWR
£DOORUR
£DJiFKDWH
£QRYD\DVDURPSHUWHODFRUQDPHQWD
SHURRWUDVYHFHV
VHPRVTXHDGHYHUGDG
\SLHUGHORVQHUYLRV
\FRJHVXIXVLO
\OHTXLWDHOVHJXUR
\VHOROOHYDDOKRPEUR
\SRQH
/RVPXQGRVPDUJLQDGRVSRHPDVGHODFiUFHO'DYLG*RQ]iOH]
%LEOLRWHFD%DEDEZZZEDEDEFRPELEOLRWHFD
HOGHGRHQHOJDWLOOR
\DSXQWDKDFLDWRGDVODVYRFHV
£GLVSDUD
£GLVSDUD
¢DTXpHVWiVHVSHUDQGR"
£GLVSDUD
£GLVSDUD
¢TXpWHSDVD"
¢QRKD\KXHYRVRTXp"
£YHQJD
£GLVSDUD
£GLVSDUD
¢SRUTXpQRORKDFH"
DOJXQRGHQRVRWURV
\RPLVPR
HQVXOXJDU
ORKDUtD
/RVPXQGRVPDUJLQDGRVSRHPDVGHODFiUFHO'DYLG*RQ]iOH]
%LEOLRWHFD%DEDEZZZEDEDEFRPELEOLRWHFD
HOSpVDPH
HOFHMDVVHKDFROJDGRGHPt
\TXLHUHIROODUPHHOFXORDWRGDFRVWD
SHURpOVRORQRYDDSRGHUFRQPLJR
\ORVDEH
HQWRQFHVORKDEODFRQHOWDMDV\HOEXOODWL
DFDPELRGHVXD\XGDOHVGD
XQDFDMDGHURSKLQRODFDGDXQR
VXSODQHVHVWH
HOWDMDV\HOEXOODWLPHOOHYDQ
DODVDODGHODWHOHYLVLyQ
DOOtPHGDQXQDSDOL]DTXHPHGHMDKHFKRSROYR
DVtFXDQGROXHJRDSDUH]FDHOFHMDV
\RQRHVWDUpHQFRQGLFLRQHVGHSODQWDUOHFDUD
\SRGUiGDUPHSRUHOFXORDVXHQWHURSODFHU
DKRUDELHQHOSODQIDOOD
ODQRFKHDQWHV
ODSDOPD
ODPDGUHGHOWDMDV\HOWDMDV
DJRELDGRQRTXLHUHVHJXLUDGHODQWH
FRQHOSODQHOEXOODWLWDPSRFR
ODSUHJXQWDHVFDVLREOLJDGD
¢GHERGDUOHHOSpVDPHDOWDMDV"
/RVPXQGRVPDUJLQDGRVSRHPDVGHODFiUFHO'DYLG*RQ]iOH]
%LEOLRWHFD%DEDEZZZEDEDEFRPELEOLRWHFD
FHULOODV
ORKDEtDPRVHVWDGRKDEODQGRWRGDODQRFKH
VLPDxDQDSRUODPDxDQD
FXDQGRVHDEUDQODVFHOGDV
YLHQHDOJXLHQ
HOTXHVHD
ORVTXHVHDQ
\HPSLH]DQDEXVFDUEURQFD
W~\DORVDEHV¢HK"
ORTXHKDEODPRV
SDVHORTXHSDVH
W~\\RMXQWRV
QDGDGHDFRMRQDUVH¢HK"
\VLWHQHPRVTXHDQGDUDKRVWLDV
SXHVDQGDPRV
\VLWLUDQGHYDOGHR
SXHVTXHWLUHQ
DOOiHOORV
W~\DORVDEHV¢YDOH"
ORGLFKR
SDVHORTXHSDVH
W~\\RMXQWRV
QDGDGHUDMDUVH¢YDOH"
DODPDxDQDVLJXLHQWH
OHVDFDURQDOSDWLR
DKRVWLDOLPSLD
OHDPDUUDURQDXQD
GHODVFROXPQDVGHOWHQGHMyQ
OHSXVLHURQHQORVSLHV
SHULyGLFRVDWUDVDGRV
WUDSRV\FDUWRQHV
\OHHQUROODURQWRGRHOFXHUSR
FRQSDSHOKLJLpQLFR
\FRQODHVSXPDGHODVFROFKRQHWDV
OXHJROHSUHQGLHURQIXHJR
/RVPXQGRVPDUJLQDGRVSRHPDVGHODFiUFHO'DYLG*RQ]iOH]
%LEOLRWHFD%DEDEZZZEDEDEFRPELEOLRWHFD
ODVFHULOODV
ODVWXYHTXHSRQHU\R
/RVPXQGRVPDUJLQDGRVSRHPDVGHODFiUFHO'DYLG*RQ]iOH]
%LEOLRWHFD%DEDEZZZEDEDEFRPELEOLRWHFD
SLHGUDV
PHWLUDEDQ3,('5$6
PHWLUDEDQSLHGUDV
ORVGHODVFHOGDVGHFDVWLJR
HOWDUXFR
HOULFN\
HOUDPRQtQ\HOFKLQR
PHWLUDEDQSLHGUDVWRGRVORVGtDV
GHGRVDFXDWURGHODWDUGH
ODKRUDGHODVLHVWD
SLHGUDVQR
PRUULOORV
$6Ì'(*5$1'(6
QRVpSRUTXpORKDFtDQ
QRVpSRUTXpODVKDEtDQWRPDGRFRQPLJR
TXH\RUHFXHUGHQXQFDOHVKDEtDKHFKRQDGD
VHDJRELDUtDQHQHOSDWLRHOORVVRORVLPDJLQR
\RHVWDEDDFRVWDGRHQODFDPD
ODSULPHUDYH]
OH\HQGRODDXWRELRJUDItD
GHOHQHPLJRS~EOLFRQ~PHURXQRGHIUDQFLD
XQJiQJVWHUDOTXHVHEDMDURQDEDOD]RV
HQSDUtV
HQSOHQRFHQWUR
HQPLO
FXDQGRVDOtDGHXQWD[L
RGHXQFRFKHUREDGR
HVR\DQRORUHFXHUGR
ODSULPHUDSLHGUDDWUDYHVyODYHQWDQD
\IXHDHVWUHOODUVHFRQWUDODPDPSDUD
TXHVHSDUDEDHOEDxRGHOUHVWRGHODFHOGD
ORVFULVWDOHVPHFD\HURQWRGRVHQFLPD
FRQVHUYRXQUHFXHUGR
/RVPXQGRVPDUJLQDGRVSRHPDVGHODFiUFHO'DYLG*RQ]iOH]
%LEOLRWHFD%DEDEZZZEDEDEFRPELEOLRWHFD
PHGLDOXQDHQIRUPDGHFLFDWUL]
FXDQGRODYHQWDQDVHTXHGyVLQFULVWDOHV
ORVGHODVFHOGDVGHFDVWLJR
VHWXUQDEDQHQWUHHOORVSDUDDXSDUVHDODUHSLVD
DJDUUDUVHFRQXQDPDQRDORVEDUURWHV
\WLUDUPHODVSLHGUDVFRQODRWUD
SLHGUDVQR
PRUULOORV
$6Ì'(*5$1'(6
\RPHUHIXJLDEDGHWUiVGHODPDPSDUD
TXHVHSDUDEDHOWLJUHGHOUHVWRGHOFKDEROR
HQHOUHVWRGHOFKXSDQR
VHLEDQDPRQWRQDQGRORVSHGUXVFRV
\R\DQLPHPROHVWDEDHQVDFDUORVIXHUD
FRQVHJXtWDEODVGHPDGHUD
\FODYRV
\FODYpODVWDEODVDOPDUFRGHODYHQWDQD
ODVDUUDQFDURQ
/RVPXQGRVPDUJLQDGRVSRHPDVGHODFiUFHO'DYLG*RQ]iOH]
%LEOLRWHFD%DEDEZZZEDEDEFRPELEOLRWHFD
HOLQWHUURJDWRULR
HVWR\PHGLRGRUPLGR
FXDQGRHQHVRVXHQD
HOWLPEUHGHFDVD
VHUiQFHUFDGHODVQXHYH
GHODPDxDQDRDVt
¢TXLpQSRGUiVHUDHVWDVKRUDV"
PLPDGUHVDOHGHODFRFLQD
VHOLPSLDODVPDQRVHQHOGHODQWDO
\YDKDFLDODSXHUWD
¢TXLpQHV"
SROLFtDDEUDQ
LQWHQWRGHFLUOH
TXHQRORKDJD
TXHQLVHOHRFXUUD
DEULUHVDSXHUWD
SHUROOHJRWDUGH
\ODSXHUWDVHDEUH
\ORVPDGHURVHQWUDQ
¢HVWiVXKLMRHQFDVD"
¢SRUTXp"
££GLRVPtR
¢TXpKDKHFKR"
¢TXpKDKHFKRPLKLMR"
¢HVWiRQRHVWi"
HVWR\HQORVFDODER]RV
PHKDQGHMDGRFRQODVHVSRVDVSXHVWDV
HQXQDHVSHFLHGHKXHFRTXHKD\GHEDMR
GHXQDHVFDOHUDPHWiOLFD
PHKDQGLFKR
TXHQRPHPXHYD
/RVPXQGRVPDUJLQDGRVSRHPDVGHODFiUFHO'DYLG*RQ]iOH]
%LEOLRWHFD%DEDEZZZEDEDEFRPELEOLRWHFD
TXHHVSHUHDTXt
TXHQRVHPHRFXUUDKDFHU
QLQJXQDWRQWHUtD
TXHHQVHJXLGDYHQGUiQDEXVFDUPH
TXHPHWLHQHQTXHKDFHU
XQDVFXiQWDVSUHJXQWDV
KD\XQWUDVLHJRHQRUPHHQHVWDHVFDOHUD
QRSDUDQGHVXELU
\GHEDMDUSRUHOOD
QRSDUDQQLXQPRPHQWR
VXEHQ
\EDMDQ
VXEHQ
\EDMDQ
HVFRPRSDUDYROYHUVHORFR
YHQJDVXELU
YHQJDEDMDU
YHQJDVXELU
YHQJDEDMDU
\ORSHRUGHWRGRHVTXHQRSXHGRYHU
TXLHQHVVRQORVTXHVXEHQ
\EDMDQ
\FODURVLHPSUHFUHRTXHVRQHOORV
TXH\DYLHQHQDSRUPt
\QR
QXQFDVRQHOORV
QXQFDHVQDGLH
\\DWHQJRORVQHUYLRVGHVWUR]DGRV
\\DFDVLKHSHUGLGRODQRFLyQGHOWLHPSR
\PHKDHQWUDGRXQGRORUGHFDEH]D
GHODSXWDTXHORSDULy
\
£YHQJD
£YDPRV
£DUULED
£HQSLH
£GDWHSULVD
£PXpYHWH
WHHVWiQHVSHUDQGRORVGHDQWL
/RVPXQGRVPDUJLQDGRVSRHPDVGHODFiUFHO'DYLG*RQ]iOH]
%LEOLRWHFD%DEDEZZZEDEDEFRPELEOLRWHFD
DWUDFRV
HVWR\FKLOODQGR
XQFKLOOLGRLQQXPHUDEOH
PHGHVSLHUWR
HQFLHQGRHOPHFKHUR
ODVSDUHGHVVHPXHYHQ
FXFDUDFKDV
HVWiQOOHQDVGHFXFDUDFKDV
ODVEDOGRVDVWDPELpQ
ODSLOWUDORPLVPR
WHQJRFXFDUDFKDVHQHOSHOR
FXFDUDFKDVSRUWRGRHOFXHUSR
KD\XQDSRVDGDHQPLFXHOOR
VHFXHODQWRGDVODVQRFKHV
SRUORVDJXMHURVTXHKD\HQHOVXHOR
GHEDMRGHOODYDER
D\HUPHROYLGpGHHFKDUOHVMDEyQ
HOMDEyQHVFRMRQXGR
OHVJXVWDFDQWLGDG
ORGHYRUDQ
OXHJRKLQFKDQ\HVWDOODQ
HVWR\GHVSLHUWR
GHVSLHUWRGHOWRGR
QRIXHPiVTXHXQDSHVDGLOOD
\PHQRVPDOTXHPHGHVSHUWp
MXVWRDWLHPSR
TXHQRWXYH
TXHSDVDU
SRUDTXHOLQWHUURJDWRULR
RWUD
YH]
PiV
/RVPXQGRVPDUJLQDGRVSRHPDVGHODFiUFHO'DYLG*RQ]iOH]
%LEOLRWHFD%DEDEZZZEDEDEFRPELEOLRWHFD
(3Ì/2*2
FDPLQRGHORVWLJUHV
ODVUDWDV
ODVGHODFiUFHO
DODVTXHSUHQGtDPRV
IXHJR
HQHOFHQWURGHOSDWLR
VHDUUDVWUDEDQSRUHOVXHOR
FRQVXFXHUSRHQYXHOWR
HQOODPDV
FDPLQRGHORVWLJUHV
HOSDSXFKLGHFtD
HVRHVSRUTXH
ODVPX\SXWDV
VDEHQ
TXHHQORVVHUYLFLRV
KD\DJXD
QRORFUHR
VHDUUDVWUDEDQHQHVDGLUHFFLyQ
SRUTXHDOOtWHQtDQVXFDVD
SRUTXHTXHUtDQPRULU
/RVPXQGRVPDUJLQDGRVSRHPDVGHODFiUFHO'DYLG*RQ]iOH]
%LEOLRWHFD%DEDEZZZEDEDEFRPELEOLRWHFD
URGHDGDVGHORVVX\RV
FRPRVLIXHUDQ
VHUHV
KXPDQRV
QRLPSRUWD
TXH\RUHFXHUGH
QLQJXQD
FRQVLJXLy
OOHJDU
QLQJXQD
QXQFD
OOHJDU
/RVPXQGRVPDUJLQDGRVSRHPDVGHODFiUFHO'DYLG*RQ]iOH]
%LEOLRWHFD%DEDEZZZEDEDEFRPELEOLRWHFD
HOWLHPSRQRHVSHUDSRUQDGLH
OHSUHJXQWRDXQRGHOEDUULRXQDQWLJXRFROHJD
TXHVLVDEHDOJRGHEHJRxD
TXHVLVDEHTXpKDVLGRGHVXYLGD
KDFHWLHPSRTXHQRRLJRKDEODUQDGDGHHOOD
ODV~OWLPDVQRWLFLDVTXHWXYHVRQTXHHVWDED
LQJUHVDGDHQODUHVLGHQFLDVDQLWDULDGHFDEXHxHV
HQIDVHWHUPLQDO
6,'$
VHKDEtDWUDVWRUQDGR
VHSLQWDGXUQDEDORVODELRV
SRUODPDxDQD
SRUODWDUGHVHPLUDEDHQHOHVSHMRGHOFXDUWRGHEDxR
SHUR¢TXpPHKDSDVDGRHQODFDUD"
¢TXLpQFRxRPHKDHFKDGRSLQWXUD"
HVWDEDDOOtVROD
VHSDVHDEDHQVLOODGHUXHGDV
SRUORVSDVLOORV
DODKRUDGHODVYLVLWDV
DVXVSDGUHVVHOHVKDEtDROYLGDGR
TXHWUDMHURQXQDKLMDDHVWHPXQGR
VXKHUPDQRPD\RUSDVDEDPXFKRGHLUDYHUOD
HORWUREHUQDUQRSRGtD
HVWDEDHQHOFHPHQWHULRGHFHDUHVHQWHUUDGR
ODDJXMDWDPELpQ
VXKLMRHUDPX\SHTXHxRWRGDYtD
QRVDEtDDQGDUVROR
TXHGR\R
/RVPXQGRVPDUJLQDGRVSRHPDVGHODFiUFHO'DYLG*RQ]iOH]
%LEOLRWHFD%DEDEZZZEDEDEFRPELEOLRWHFD
SRGUtDDFHUFDUPHXQPRPHQWRKDVWDODUHVLGHQFLD
QRPHFRVWDUtDQLQJ~QWUDEDMR
SHUR¢SDUDTXpYR\DLUDYHU"
¢SDUDTXp"
¢WRGDYtDVLJXHVFXUUDQGRHQODPLVPDHPSUHVDGHDQWHV"
\SDUDVHJXLU
'HVSXpVGHWRGRQRHUHVWDQJROIRFRPR\RSHQVDED¢HK"
SHURHVHDQWLJXRFROHJDGHOEDUULRWDPELpQPHGLFH
FDVLILMRTXH\DODKDEUiSDOPDGR
ORVPpGLFRVOHGDEDQGHYLGDFRPRPXFKR
KDVWDRFWXEUH
KDVWDRFWXEUHGHODxRSDVDGR
\\DYHVHQTXpPHVHVWDPRVDKRUD¢QR"
VHSWLHPEUH
/RVPXQGRVPDUJLQDGRVSRHPDVGHODFiUFHO'DYLG*RQ]iOH]
%LEOLRWHFD%DEDEZZZEDEDEFRPELEOLRWHFD
VLOYLDODGHOSHORURMR
VLWHKHGHVHUVLQFHUR
TXHGpFRQHOOD
FRQODVDQDLQWHQFLyQ
GHOOHYDUODHQHOFRFKH
DXQGHVFDPSDGR
DHFKDUXQSROYR
ODHQFRQWUpUDUD
QRVp
QRWHQtDFKLVSDHQORVRMRV
HVWDEDGHVSHLQDGD
¢FyPRHVTXHWHGLRSRUOODPDUPH"
\HOMHUVH\ORWHQtDWRGROOHQR
GHTXHPDGXUDVGHFLJDUULOOR
XQMHUVH\D]XOFLHOR
QRVpWHQtDJDQDVGHYHUWH
\HVWDEDHQORVSXURVKXHVRV
GDEDSHQDYHUOD
\VLQHPEDUJR\DYHVQRVp
HUDODPLVPDWtD
FRQODTXHDxRVDWUiV
LEDSRUODFDOOHJULWDQGR
VH[RGURJDV\UROOLQJVWRQHV
VH[RGURJDV\UROOLQJVWRQHV
¢VDEHVDOJRGHVDQWL\GHIORU"
OHSUHJXQWpPLHQWUDVFRQGXFtD
VDQWLOHSRQtDORVFXHUQRVDIORU
VLQSDUDUIORUKDEtDWHQLGRRWURKLMR
¢\TXpHVGHFDUPHQ"
/RVPXQGRVPDUJLQDGRVSRHPDVGHODFiUFHO'DYLG*RQ]iOH]
%LEOLRWHFD%DEDEZZZEDEDEFRPELEOLRWHFD
FDUPHQHVWDEDGHSXWD
HQXQDEDUUDDPHULFDQD
¢\GHMXDQMR"
¢QRWHHQWHUDVWH"
¢GHTXp"
ODSDOPy
XQDVREUHGRVLV
HOGtDGHQRFKHEXHQD
DODVQXHYHGHODQRFKH
¢\W~"¢TXpWDO"
¢FyPROROOHYDV"
QRVpTXLpQPHGLMR
TXHWHKDEtDVVHSDUDGR
¢HVYHUGDG"
Vt
¢\SRUTXp"¢TXpWHSDVy
VLSXHGHVDEHUVH"
DPtQDGD
HUDpO
TXHHUDXQKLMRSXWD
\XQFHUGR
¢TXpSDVy"¢TXpWHKDFtD"
GHWRGR
PHSHJDED
VHPHWtDFDEDOOR
\OXHJRYHQtDDFDVD
\PHSHJDED
PHGDEDXQDVSDOL]DVGHPXHUWH
\PHIRU]DEDVH[XDOPHQWH
ORGLMRDVtQRGLMR
PHYLRODEDR
/RVPXQGRVPDUJLQDGRVSRHPDVGHODFiUFHO'DYLG*RQ]iOH]
%LEOLRWHFD%DEDEZZZEDEDEFRPELEOLRWHFD
PHIROODEDDODIXHU]D
QRORGLMRDVt
PHIRU]DEDVH[XDOPHQWH
£QRPHMRGDV
Vt
\KDVWDWXYHTXHDERUWDU
¢\HVR"
¢QRSRGtDVWHQHUHOKLMRRTXp"
IXHPLPDGUH
QRTXLVRTXHORWXYLHUD
QRTXLVRTXHWXYLHUD
XQKLMR
GHHVHKLMR
GHSXWD
GLXQDYXHOWDDODFLXGDG
\OXHJRODOOHYpRWUDYH]DFDVD
PHVHQWtDUDURPDO
¢VDEHVORTXHWHGLJRQR"
FRPRVLIXHUDFXOSDPtD
TXHOHKXELHUDSDVDGRWRGRHVR
XQGtDGHHVWRVWHYXHOYRDOODPDU
QRGLMRQDGD
SHURDOOHYDQWDUVH
SDUDVDOLUGHOFRFKH
VHOHVXELyXQSRFRHOMHUVH\
\OHGHMyXQWUR]RGHHVSDOGD
DOGHVFXELHUWR
DKtHVWDEDQODVPDUFDV
ORVUHQHJURQHV
ODVFLFDWULFHV
/RVPXQGRVPDUJLQDGRVSRHPDVGHODFiUFHO'DYLG*RQ]iOH]
%LEOLRWHFD%DEDEZZZEDEDEFRPELEOLRWHFD
ODKLVWRULD
TXHPHDFDEDEDGHFRQWDU
/RVPXQGRVPDUJLQDGRVSRHPDVGHODFiUFHO'DYLG*RQ]iOH]
%LEOLRWHFD%DEDEZZZEDEDEFRPELEOLRWHFD
Ì1',&(
'(120,1$&,Ð1'(25,*(1
635$<1$6$/
'(3Ð6,72/(*$/
/$9,5*,1,'$'352'8&(
6($0265($/,67$6
(/&$1Ì%$/
&$/(1'$5,2
/20,5(6325'21'(/20,5(6
(/&5,672'(/26)$52/(6
+80,//$&,Ð1
(/'(021,27(&20$/$625(-$6
1267$/*,$
&8$/48,(53$5(&,'2(6385$&2,1&,'(1&,$
81$//$0$'$7(/()Ð1,&$
/$0$,&$
(/5(672'(/&$0,12
/$6),(67$6'(/$62/('$'
/$%2&$'(/(67Ð0$*2
6$/,'$'((0(5*(1&,$
(/7,*5(
/2668%7(55É1(26
-$48(
18(675$6(f25$'(/$0(5&('
&$5,f2$1,0$/
=802'(1$5$1-$
¢32(0$6"
(/'('2(1(/*$7,//2
(/3e6$0(
&(5,//$6
3,('5$6
(/,17(552*$725,2
(3Ì/2*2
&$0,12'(/267,*5(6
(/7,(03212(63(5$3251$',(
6,/9,$/$'(/3(/252-2
Descargar