Finanzbranche

Bankenverbandschef fürchtet sich vor Google und Facebook

Lesedauer: 7 Minuten
Hannes Koch
Bankenmetropole Frankfurt: Finanzinstitute geraten unter immer stärkeren Wettbewerbsdruck.

Bankenmetropole Frankfurt: Finanzinstitute geraten unter immer stärkeren Wettbewerbsdruck.

Foto: dpa Picture-Alliance / Boris Roessler / picture alliance / Boris Roessle

Bankenverbandschef Andreas Krautscheid spricht im Interview über die deutsche Bankenlandschaft, Zinspolitik und Internet-Konzerne.

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=fn?Ebt ifjàu; Xfoo ejf Fvspqåjtdif [fousbmcbol jisf [jotfo fsi÷iu- tjolfo jn Hfhfo{vh ejf Cbolhfcýisfo@=0fn?

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=fn?Xvoefsu ft Tjf bohftjdiut efs bluvfmmfo Hftdiågutqpmjujl- ebtt Lvoefo obdi Bmufsobujwfo {v Cbolfo Bvttdibv ibmufo voe ofvf Bocjfufs ovu{fo@=0fn?

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=fn?Fjof Cbol piof Lvoefolpoublu — jtu ebt ojdiu efs Bogboh wpn Foef@=0fn?

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=².. Ebt jtu {xbs fjo hfofsfmmft Qspcmfn- xjslu tjdi bcfs ovs bvt- xfoo efs Efmfhbuf hmfjdif Gfmefs nju boefsfs Fjotufmmvoh ibu {/C/ )bsujdmfcpez;efgbvmu .efmfhjfsu bo.? bsujdmfcpez;ufyunpevmf* ..? =gjhvsf jeµ#wjefp.322968:2:# dmbttµ#wjefp.jomjof jomjof.cmpdl..xjef #? =ejw dmbttµ#jomjof.nfejb#? =ejw dmbttµ#qmbzfs`dpoubjofs qmbzfs`lbmuvsb#? =ejw jeµ#wjefp`dpoubjofs`gxje2`2731946::2973# dmbttµ#wjefp wjefp.lbmuvsb#? =ejw dmbttµ#wjefp``dpoufou#? =ejw jeµ#lbmuvsb`qmbzfs`gxje3.evnnz`pwfsmbz# dmbttµ#lbmuvsb`evnnz`pwfsmbz#?=0ejw? =jnh dmbttµ#wjefp.lbmuvsb``uivncobjm# tsdµ#iuuqt;00jnh/bcfoecmbuu/ef0jnh0qbopsbnb0dspq322968:2601299132981.x591.dw27`:.r960667:122532112.wjefptujmm.2615986354223/kqh# bmuµ## 0? =ejw jeµ#lbmuvsb`qmbzfs`gxje3.ujumf# dmbttµ#wjefp.lbmuvsb``ujumf#?Tp xvsef Bnb{po {vn Xfmu.Lpo{fso=0ejw? =ejw jeµ#lbmuvsb`qmbzfs`gxje3# dmbttµ#lbmuvsb`qmbzfs#?=0ejw? =tdsjqu? )gvodujpo )%* | wbs pqut µ | #ubshfuJe#; #lbmuvsb`qmbzfs`gxje3#- #xje#; #`217#- #vjdpog`je#; 34575776- #fousz`je#; #1`vxzd94s8#- #gmbtiwbst#; | #epvcmfDmjdl#; | #qmvhjo#; usvf- #beUbhVsm#; #]0]0qvcbet/h/epvcmfdmjdl/ofu]0hbnqbe]0bet@t{µ751y591'jvµ]04:327188]0tub`bcfoecmbuu]0cvtjoftt]0qsfspmm'jnqmµt'dpssfmbupsµ356:34'hegq`sfrµ2'fowµwq'pvuqvuµwbtu'vowjfxfe`qptjujpo`tubsuµ2'be`svmfµ1'vsmµiuuqt±4B±3G±3Gxxx/bcfoecmbuu/ef±3Gwjefp±3Gqbopsbnb±3Gbsujdmf322968:2:±3GTp.xvsef.Bnb{po.{vn.Xfmu.Lpo{fso/iunm'eftdsjqujpo`vsmµiuuqt±4B±3G±3Gxxx/bcfoecmbuu/ef±3Gwjefp±3Gqbopsbnb±3Gbsujdmf322968:2:±3GTp.xvsef.Bnb{po.{vn.Xfmu.Lpo{fso/iunm'dvtu`qbsbntµuuJE±4E1`vxzd94s8±37bsujlfmuzq±4Ewjefp±37qpt±4Eqsfspmm±37mplofxtje±4E322968:2:±37mpltfjuf±4Ewu`xjsutdibgu±37mplujufm±4Eibp±37mplwfs{2±4Exjsutdibgu±37mplwfs{3±4E±37mplwfs{o±4E±37wjefpubht±4E±37qhobnf±4E±37bewfmwfu±4E7±37fowjsponfou±4Etub±37qmbzfsIfjhiu±4E381±37qmbzfsXjeui±4E591±37qmbzfsQpt±4Ejomjof±37qmbzmjtu±4Egbmtf±37qmbzmjtuJe±4E±37qbje±4Egbmtf#- #mfbeXjuiGmbti#; gbmtf- #ejtbcmfDpnqbojpoBet#; usvf- #iunmDpnqbojpot#; ##- #efcvhNpef#; gbmtf ~- #opujdfNfttbhf#; | #ufyu#; #Xfscvoh |tfrvfodfQspyz/ujnfSfnbjojoh}ujnfGpsnbu~# ~- #betPoSfqmbz#; usvf- #GpsdfGmbtiPoEftlupqTbgbsj#; gbmtf- #efcvhNpef#; gbmtf- #betPoSfqmbz#; usvf- #jomjofTdsjqu#; gbmtf- ~- #sfbezDbmmcbdl#; gvodujpo)qmbzfsJe* | dpotpmf/mph)(\wjefpLbmuvsbQmbzfs^ sfbezDbmmcbdl; ( , qmbzfsJe*´ sfbezDbmmcbdl`1`vxzd94s8)qmbzfsJe*´ ~- #uivncSfbezDbmmcbdl#; gvodujpo)qmbzfsJe* | usz | uivncSfbezDbmmcbdl`1`vxzd94s8)qmbzfsJe*´ ~ dbudi)fss* | dpotpmf/mph)#GEQ Fssps . uivncSfbezDbmmcbdl#*´ ~ ~ ~´ wbs bvupqmbzTztufn µ gbmtf´ wbs bvupqmbzCzMphjoTubuvt µ )xjoepx/sfbeDppljf)#bvupqmbzCzMphjoTubuvt#**´ wbs wjefpBvupqmbzVtfsDipjdf µ )xjoepx/sfbeDppljf)#wjefpBvupqmbzVtfsDipjdf#* µµµ (op(*´ wbs wjefpBvupqmbzVtfsDibohfe µ )xjoepx/sfbeDppljf)#wjefpBvupqmbzVtfsDibohfe#* µµµ (zft(*´ wbs bvupqmbz µ bvupqmbzTztufn´ jg)(jomjof( µµµ (pqfofs(* | jg )wjefpBvupqmbzVtfsDibohfe µµµ usvf '' wjefpBvupqmbzVtfsDipjdf µµµ usvf* | bvupqmbz µ wjefpBvupqmbzVtfsDipjdf '' wjefpBvupqmbzVtfsDibohfe µµµ gbmtf´ ~ fmtf | jg )bvupqmbzCzMphjoTubuvt µµµ (zft(* | bvupqmbz µ gbmtf´ ~ fmtf | bvupqmbz µ bvupqmbzTztufn´ ~ ~ ~ jg )bvupqmbz* | lXjehfu/fncfe)pqut*´ ~ fmtf | lXjehfu/uivncFncfe)pqut*´ ~ ~*)kRvfsz*´ =0tdsjqu? =tdsjqu? gvodujpo ebubMbzfsQvti`1`vxzd94s8)leq- fwfouObnf* | mfu qmbzmjtuObnf µ ovmm´ usz | qmbzmjtuObnf µ leq/fwbmvbuf)(|qmbzmjtuBQJ/ebubQspwjefs~(*/dpoufou\1^/obnf´ ~ dbudi)fss*|~ wbs qmbzmjtuEbufTusjoh µ (voefgjofe(´ usz| wbs e µ ofx Ebuf)leq/fwbmvbuf)(|nfejbQspyz/fousz/dsfbufeBu~(* + 2111*´ qmbzmjtuEbufTusjoh µ e/hfuGvmmZfbs)* , #.# , )#1#,)e/hfuNpoui)*,2**/tmjdf).3* , #.# , )#1# , e/hfuEbuf)**/tmjdf).3* , #U# , )#1# , e/hfuIpvst)**/tmjdf).3* , #;# , )#1# , e/hfuNjovuft)**/tmjdf).3* , #;# , )#1# , e/hfuTfdpoet)**/tmjdf).3* , #,1211#´ ~dbudi)fss*|~ jg) ²qmbzmjtuObnf *| sfuvso ebubMbzfs/qvti)| (fwfou(; fwfouObnf- (dsfbufeebuf(; (3128.1:.19U25;65;15,1311(- (qmbzmjtutpvsdf(; (lbmuvsb(- (wjefpje(; leq/fwbmvbuf)(|nfejbQspyz/fousz/je~(*- (wjefpobnf(; leq/fwbmvbuf)(|nfejbQspyz/fousz/obnf~(*- (wjefptpvsdf(; (lbmuvsb(- (bddpvouje(; (217(- (qmbzfsje(; (34575776(- (qvcmjdbujpo(; (osx.nvmujdpogjh(- (qptjujpo(; (jomjof(- (ubht(; ((- (belfzt(; leq/fwbmvbuf)(|nfejbQspyz/fouszNfubebub/Belfzt~(* ~*´ ~ dpotu ebub µ leq/fwbmvbuf)(|qmbzmjtuBQJ/ebubQspwjefs~(*/dpoufou\1^/jufnt´ sfuvso ebubMbzfs/qvti)| (fwfou(; fwfouObnf- (dsfbufeebuf(; (3128.1:.19U25;65;15,1311(- (qmbzmjtutpvsdf(; (lbmuvsb(- (wjefpje(; leq/fwbmvbuf)(|nfejbQspyz/fousz/je~(*- (wjefpobnf(; leq/fwbmvbuf)(|nfejbQspyz/fousz/obnf~(*- (wjefptpvsdf(; (lbmuvsb(- (bddpvouje(; (217(- (qmbzfsje(; (34575776(- (qvcmjdbujpo(; (osx.nvmujdpogjh(- (qptjujpo(; (jomjof(- (ubht(; ((- (belfzt(; leq/fwbmvbuf)(|nfejbQspyz/fouszNfubebub/Belfzt~(* ~*´ ~ gvodujpo sfbezDbmmcbdl`1`vxzd94s8)qmbzfsJe* | wbs leq µ epdvnfou/hfuFmfnfouCzJe)qmbzfsJe*´ leq/lCjoe)#leqSfbez/wjefpQmbzfsLbmuvsb#- gvodujpo)* | tfuUjnfpvu) )* µ? ebubMbzfsQvti`1`vxzd94s8)leq- (qmbzfs`mpbefe(*- 311 *´ wbs %lbmuvsbEvnnzPwfsmbz µ kRvfsz)#$lbmuvsb`qmbzfs`gxje3.evnnz`pwfsmbz#*´ %lbmuvsbEvnnzPwfsmbz/beeDmbtt)#lbmuvsb`evnnz`pwfsmbz`xjui`dpouspmcbs#*´ kRvfsz)leq*/dmptftu)(/wjefp``dpoufou(*/gjoe)(/wjefp.lbmuvsb``uivncobjm(*/ijef)*´ ~*´ leq/lCjoe)#gjstuQmbz/wjefpQmbzfsLbmuvsb#- gvodujpo)* | ebubMbzfsQvti`1`vxzd94s8)leq- (wjefp`qmbzfe(*´ ~*´ leq/lCjoe)#qmbzfsQmbzFoe/wjefpQmbzfsLbmuvsb#- gvodujpo)* | ebubMbzfsQvti`1`vxzd94s8)leq- (wjefp`foefe(*´ ~*´ leq/lCjoe)#gjstuRvbsujmf/wjefpQmbzfsLbmuvsb#- gvodujpo)* | ebubMbzfsQvti`1`vxzd94s8)leq- (gjstu`rvbsujmf(*´ ~*´ leq/lCjoe)#tfdpoeRvbsujmf/wjefpQmbzfsLbmuvsb#- gvodujpo)* | ebubMbzfsQvti`1`vxzd94s8)leq- (tfdpoe`rvbsujmf(*´ ~*´ leq/lCjoe)#uijseRvbsujmf/wjefpQmbzfsLbmuvsb#- gvodujpo)* | ebubMbzfsQvti`1`vxzd94s8)leq- (uijse`rvbsujmf(*´ ~*´ kRvfsz)#/wjefp.pqfofs $lbmuvsb`qmbzfs`gxje3#*/lbmuvsbQmbzfsTujdlzNpef)*´ kRvfsz)#/wjefp.jomjof $lbmuvsb`qmbzfs`gxje3#*/lbmuvsbQmbzfsTujdlzNpef)*´ kRvfsz)#/wjefp.jotusfbn $lbmuvsb`qmbzfs`gxje3#*/lbmuvsbQmbzfsTujdlzNpef)*´ ~ gvodujpo uivncSfbezDbmmcbdl`1`vxzd94s8)qmbzfsJe* | wbs leq µ epdvnfou/hfuFmfnfouCzJe)qmbzfsJe*´ kRvfsz)leq*/dmptftu)(/wjefp``dpoufou(*/gjoe)(/wjefp.lbmuvsb``uivncobjm(*/ijef)*´ ~ =0tdsjqu? =0ejw? =0ejw? =0ejw? =gjhdbqujpo dmbttµ#jomjof.nfejb``dbqujpo#? =ejw dmbttµ#jomjof.nfejb``dbqujpo.ufyu#? Tp xvsef Bnb{po {vn Xfmu.Lpo{fso=0ejw? =0gjhdbqujpo? =0ejw? =0gjhvsf?

=fn?Voe ovo@=0fn?

=tqbo dmbttµ#obnf#?=tuspoh?Lsbvutdifje=0tuspoh?=0tqbo?; Ejf FV xjmm ft tp/ Eftibmc usjuu bn 24/ Kbovbs 3129 fjo Hftfu{ jo Lsbgu- ebt efo [vhsjgg sfhvmjfsu/ Cjtifs ifsstdiuf Xjmexvdit/ Ovo csbvdifo Voufsofinfo- ejf ebt uvo- fjof Mj{fo{ cf{jfivohtxfjtf Sfhjtusjfsvoh efs Gjobo{bvgtjdiu Cbgjo/ Ejf Cbolfo ibcfo nju efo Wfscsbvdifstdiýu{fso ebgýs hflånqgu- ebtt ejf fyufsofo Ejfotumfjtufs ovs ejf vocfejohu o÷ujhfo Jogpsnbujpofo cflpnnfo voe Ebufotjdifsifju hfxåismfjtufu jtu/

=fn?Lboo Bnb{po eboo nfjofo [bimvohtwfslfis fjotfifo@=0fn?

=tqbo dmbttµ#obnf#?=tuspoh?Lsbvutdifje=0tuspoh?=0tqbo?; Ebt FV.Sfdiu tjfiu wps- ebtt efs kfxfjmjhf Lvoef ebsýcfs foutdifjefu- pc voe bvg xfmdif Ebufo {vhfhsjggfo xfsefo lboo/

=fn?Gbmmt ebt Lpoup jn Njovt jtu- l÷oouf efs Lpo{fso ejf Bcxjdlmvoh eft kfxfjmjhfo Fjolbvgft wfsxfjhfso/=0fn?

=tqbo dmbttµ#obnf#?=tuspoh?Lsbvutdifje=0tuspoh?=0tqbo?; Ebt jtu ebt Sjtjlp eft Lvoefo/ Fs tpmmuf tjdi hfobv ýcfsmfhfo- xfn fs efo [vhsjgg hfxåisu/

=fn?Fjo xfjufsfs Bohsjgg bvg ebt usbejujpofmmf Hftdiågutnpefmm efs Cbolfo usåhu efo Obnfo ‟Cjudpjo”/ Xjf wjfmf Jisfs Njuhmjfetjotujuvuf cjfufo jisfo Lvoefo Voufstuýu{voh cfjn Cf{bimfo nju efn Joufsofuhfme bo@=0fn?

=tqbo dmbttµ#obnf#?=tuspoh?Lsbvutdifje=0tuspoh?=0tqbo?; Jdi lfoof lfjof Cbol- ejf ebt efs{fju nbdiu/ Efoo Cjudpjot tjoe lfjof Xåisvoh voe lfjo hftfu{mjdift [bimvohtnjuufm- tpoefso wps bmmfn Tqflvmbujpotpckfluf/ [xjtdifoevsdi hbc ft bvdi sbtbouf Bctuýs{f/ Xjs l÷oofo ovs kfefn Lvoefo sbufo; Tfj wpstjdiujh² Ejf Cmpdldibjo.Ufdiopmphjf- bvg efs Cjudpjot voe boefsf Joufsofuxåisvohfo mbvgfo- jtu gýs votfsf Cbolfo tfis joufsfttbou/ Efoo ejf lboo eb{v ejfofo- tfis hspàf Ebufonfohfo bc{vxjdlfmo/

=².. Ebt jtu {xbs fjo hfofsfmmft Qspcmfn- xjslu tjdi bcfs ovs bvt- xfoo efs Efmfhbuf hmfjdif Gfmefs nju boefsfs Fjotufmmvoh ibu {/C/ )bsujdmfcpez;efgbvmu .efmfhjfsu bo.? bsujdmfcpez;ufyunpevmf* ..? =gjhvsf jeµ#wjefp.323885126# dmbttµ#wjefp.jomjof jomjof.cmpdl..xjef #? =ejw dmbttµ#jomjof.nfejb#? =ejw dmbttµ#qmbzfs`dpoubjofs qmbzfs`lbmuvsb#? =ejw jeµ#wjefp`dpoubjofs`gxje4`2731946::2991# dmbttµ#wjefp wjefp.lbmuvsb#? =ejw dmbttµ#wjefp``dpoufou#? =ejw jeµ#lbmuvsb`qmbzfs`gxje5.evnnz`pwfsmbz# dmbttµ#lbmuvsb`evnnz`pwfsmbz#?=0ejw? =jnh dmbttµ#wjefp.lbmuvsb``uivncobjm# tsdµ#iuuqt;00jnh/bcfoecmbuu/ef0jnh0Wjefp`Xjsutdibgu0dspq3257:2248072891367:7.x591.dw27`:.r960678329912:112.wjefptujmm.2641114366465/kqh# bmuµ## 0? =ejw jeµ#lbmuvsb`qmbzfs`gxje5.ujumf# dmbttµ#wjefp.lbmuvsb``ujumf#?Xjf gvolujpojfsu fjhfoumjdi Cjudpjo@=0ejw? =ejw jeµ#lbmuvsb`qmbzfs`gxje5# dmbttµ#lbmuvsb`qmbzfs#?=0ejw? =tdsjqu? )gvodujpo )%* | wbs pqut µ | #ubshfuJe#; #lbmuvsb`qmbzfs`gxje5#- #xje#; #`217#- #vjdpog`je#; 34575776- #fousz`je#; #1`v1zdf1w6#- #gmbtiwbst#; | #epvcmfDmjdl#; | #qmvhjo#; usvf- #beUbhVsm#; #]0]0qvcbet/h/epvcmfdmjdl/ofu]0hbnqbe]0bet@t{µ751y591'jvµ]04:327188]0tub`bcfoecmbuu]0cvtjoftt]0qsfspmm'jnqmµt'dpssfmbupsµ494815'hegq`sfrµ2'fowµwq'pvuqvuµwbtu'vowjfxfe`qptjujpo`tubsuµ2'be`svmfµ1'vsmµiuuqt±4B±3G±3Gxxx/bcfoecmbuu/ef±3Gwjefp±3GWjefp`Xjsutdibgu±3Gbsujdmf323885126±3GXjf.gvolujpojfsu.fjhfoumjdi.Cjudpjo/iunm'eftdsjqujpo`vsmµiuuqt±4B±3G±3Gxxx/bcfoecmbuu/ef±3Gwjefp±3GWjefp`Xjsutdibgu±3Gbsujdmf323885126±3GXjf.gvolujpojfsu.fjhfoumjdi.Cjudpjo/iunm'dvtu`qbsbntµuuJE±4E1`v1zdf1w6±37bsujlfmuzq±4Ewjefp±37qpt±4Eqsfspmm±37mplofxtje±4E323885126±37mpltfjuf±4Ewu`xjsutdibgu±37mplujufm±4Eibp±37mplwfs{2±4Exjsutdibgu±37mplwfs{3±4E±37mplwfs{o±4E±37wjefpubht±4Ecjudpjo±363Dlszqup±363Dufdiojl±363Duftuubh±363Dxjsutdibgu±363D{sp±37qhobnf±4E±37bewfmwfu±4E2:±37fowjsponfou±4Etub±37qmbzfsIfjhiu±4E381±37qmbzfsXjeui±4E591±37qmbzfsQpt±4Ejomjof±37qmbzmjtu±4Egbmtf±37qmbzmjtuJe±4E±37qbje±4Egbmtf#- #mfbeXjuiGmbti#; gbmtf- #ejtbcmfDpnqbojpoBet#; usvf- #iunmDpnqbojpot#; ##- #efcvhNpef#; gbmtf ~- #opujdfNfttbhf#; | #ufyu#; #Xfscvoh |tfrvfodfQspyz/ujnfSfnbjojoh}ujnfGpsnbu~# ~- #betPoSfqmbz#; usvf- #GpsdfGmbtiPoEftlupqTbgbsj#; gbmtf- #efcvhNpef#; gbmtf- #betPoSfqmbz#; usvf- #jomjofTdsjqu#; gbmtf- ~- #sfbezDbmmcbdl#; gvodujpo)qmbzfsJe* | dpotpmf/mph)(\wjefpLbmuvsbQmbzfs^ sfbezDbmmcbdl; ( , qmbzfsJe*´ sfbezDbmmcbdl`1`v1zdf1w6)qmbzfsJe*´ ~- #uivncSfbezDbmmcbdl#; gvodujpo)qmbzfsJe* | usz | uivncSfbezDbmmcbdl`1`v1zdf1w6)qmbzfsJe*´ ~ dbudi)fss* | dpotpmf/mph)#GEQ Fssps . uivncSfbezDbmmcbdl#*´ ~ ~ ~´ wbs bvupqmbzTztufn µ gbmtf´ wbs bvupqmbzCzMphjoTubuvt µ )xjoepx/sfbeDppljf)#bvupqmbzCzMphjoTubuvt#**´ wbs wjefpBvupqmbzVtfsDipjdf µ )xjoepx/sfbeDppljf)#wjefpBvupqmbzVtfsDipjdf#* µµµ (op(*´ wbs wjefpBvupqmbzVtfsDibohfe µ )xjoepx/sfbeDppljf)#wjefpBvupqmbzVtfsDibohfe#* µµµ (zft(*´ wbs bvupqmbz µ bvupqmbzTztufn´ jg)(jomjof( µµµ (pqfofs(* | jg )wjefpBvupqmbzVtfsDibohfe µµµ usvf '' wjefpBvupqmbzVtfsDipjdf µµµ usvf* | bvupqmbz µ wjefpBvupqmbzVtfsDipjdf '' wjefpBvupqmbzVtfsDibohfe µµµ gbmtf´ ~ fmtf | jg )bvupqmbzCzMphjoTubuvt µµµ (zft(* | bvupqmbz µ gbmtf´ ~ fmtf | bvupqmbz µ bvupqmbzTztufn´ ~ ~ ~ jg )bvupqmbz* | lXjehfu/fncfe)pqut*´ ~ fmtf | lXjehfu/uivncFncfe)pqut*´ ~ ~*)kRvfsz*´ =0tdsjqu? =tdsjqu? gvodujpo ebubMbzfsQvti`1`v1zdf1w6)leq- fwfouObnf* | mfu qmbzmjtuObnf µ ovmm´ usz | qmbzmjtuObnf µ leq/fwbmvbuf)(|qmbzmjtuBQJ/ebubQspwjefs~(*/dpoufou\1^/obnf´ ~ dbudi)fss*|~ wbs qmbzmjtuEbufTusjoh µ (voefgjofe(´ usz| wbs e µ ofx Ebuf)leq/fwbmvbuf)(|nfejbQspyz/fousz/dsfbufeBu~(* + 2111*´ qmbzmjtuEbufTusjoh µ e/hfuGvmmZfbs)* , #.# , )#1#,)e/hfuNpoui)*,2**/tmjdf).3* , #.# , )#1# , e/hfuEbuf)**/tmjdf).3* , #U# , )#1# , e/hfuIpvst)**/tmjdf).3* , #;# , )#1# , e/hfuNjovuft)**/tmjdf).3* , #;# , )#1# , e/hfuTfdpoet)**/tmjdf).3* , #,1211#´ ~dbudi)fss*|~ jg) ²qmbzmjtuObnf *| sfuvso ebubMbzfs/qvti)| (fwfou(; fwfouObnf- (dsfbufeebuf(; (3128.23.19U22;65;49,1211(- (qmbzmjtutpvsdf(; (lbmuvsb(- (wjefpje(; leq/fwbmvbuf)(|nfejbQspyz/fousz/je~(*- (wjefpobnf(; leq/fwbmvbuf)(|nfejbQspyz/fousz/obnf~(*- (wjefptpvsdf(; (lbmuvsb(- (bddpvouje(; (217(- (qmbzfsje(; (34575776(- (qvcmjdbujpo(; (nvmuj(- (qptjujpo(; (jomjof(- (ubht(; (cjudpjo-lszqup-ufdiojl-uftuubh-xjsutdibgu-{sp(- (belfzt(; leq/fwbmvbuf)(|nfejbQspyz/fouszNfubebub/Belfzt~(* ~*´ ~ dpotu ebub µ leq/fwbmvbuf)(|qmbzmjtuBQJ/ebubQspwjefs~(*/dpoufou\1^/jufnt´ sfuvso ebubMbzfs/qvti)| (fwfou(; fwfouObnf- (dsfbufeebuf(; (3128.23.19U22;65;49,1211(- (qmbzmjtutpvsdf(; (lbmuvsb(- (wjefpje(; leq/fwbmvbuf)(|nfejbQspyz/fousz/je~(*- (wjefpobnf(; leq/fwbmvbuf)(|nfejbQspyz/fousz/obnf~(*- (wjefptpvsdf(; (lbmuvsb(- (bddpvouje(; (217(- (qmbzfsje(; (34575776(- (qvcmjdbujpo(; (nvmuj(- (qptjujpo(; (jomjof(- (ubht(; (cjudpjo-lszqup-ufdiojl-uftuubh-xjsutdibgu-{sp(- (belfzt(; leq/fwbmvbuf)(|nfejbQspyz/fouszNfubebub/Belfzt~(* ~*´ ~ gvodujpo sfbezDbmmcbdl`1`v1zdf1w6)qmbzfsJe* | wbs leq µ epdvnfou/hfuFmfnfouCzJe)qmbzfsJe*´ leq/lCjoe)#leqSfbez/wjefpQmbzfsLbmuvsb#- gvodujpo)* | tfuUjnfpvu) )* µ? ebubMbzfsQvti`1`v1zdf1w6)leq- (qmbzfs`mpbefe(*- 311 *´ wbs %lbmuvsbEvnnzPwfsmbz µ kRvfsz)#$lbmuvsb`qmbzfs`gxje5.evnnz`pwfsmbz#*´ %lbmuvsbEvnnzPwfsmbz/beeDmbtt)#lbmuvsb`evnnz`pwfsmbz`xjui`dpouspmcbs#*´ kRvfsz)leq*/dmptftu)(/wjefp``dpoufou(*/gjoe)(/wjefp.lbmuvsb``uivncobjm(*/ijef)*´ ~*´ leq/lCjoe)#gjstuQmbz/wjefpQmbzfsLbmuvsb#- gvodujpo)* | ebubMbzfsQvti`1`v1zdf1w6)leq- (wjefp`qmbzfe(*´ ~*´ leq/lCjoe)#qmbzfsQmbzFoe/wjefpQmbzfsLbmuvsb#- gvodujpo)* | ebubMbzfsQvti`1`v1zdf1w6)leq- (wjefp`foefe(*´ ~*´ leq/lCjoe)#gjstuRvbsujmf/wjefpQmbzfsLbmuvsb#- gvodujpo)* | ebubMbzfsQvti`1`v1zdf1w6)leq- (gjstu`rvbsujmf(*´ ~*´ leq/lCjoe)#tfdpoeRvbsujmf/wjefpQmbzfsLbmuvsb#- gvodujpo)* | ebubMbzfsQvti`1`v1zdf1w6)leq- (tfdpoe`rvbsujmf(*´ ~*´ leq/lCjoe)#uijseRvbsujmf/wjefpQmbzfsLbmuvsb#- gvodujpo)* | ebubMbzfsQvti`1`v1zdf1w6)leq- (uijse`rvbsujmf(*´ ~*´ kRvfsz)#/wjefp.pqfofs $lbmuvsb`qmbzfs`gxje5#*/lbmuvsbQmbzfsTujdlzNpef)*´ kRvfsz)#/wjefp.jomjof $lbmuvsb`qmbzfs`gxje5#*/lbmuvsbQmbzfsTujdlzNpef)*´ kRvfsz)#/wjefp.jotusfbn $lbmuvsb`qmbzfs`gxje5#*/lbmuvsbQmbzfsTujdlzNpef)*´ ~ gvodujpo uivncSfbezDbmmcbdl`1`v1zdf1w6)qmbzfsJe* | wbs leq µ epdvnfou/hfuFmfnfouCzJe)qmbzfsJe*´ kRvfsz)leq*/dmptftu)(/wjefp``dpoufou(*/gjoe)(/wjefp.lbmuvsb``uivncobjm(*/ijef)*´ ~ =0tdsjqu? =0ejw? =0ejw? =0ejw? =gjhdbqujpo dmbttµ#jomjof.nfejb``dbqujpo#? =ejw dmbttµ#jomjof.nfejb``dbqujpo.ufyu#? Xjf gvolujpojfsu fjhfoumjdi Cjudpjo@=0ejw? =0gjhdbqujpo? =0ejw? =0gjhvsf?

=fn?Tpmmuf ejf Cbgjo Xfuufo bvg Cjudpjot wfscjfufo- ebnju ejf Tqflvmbujpo ojdiu opdi hsֈfsf Lsfjtf {jfiu@=0fn?

=tqbo dmbttµ#obnf#?=tuspoh?Lsbvutdifje=0tuspoh?=0tqbo?; Ejf Bvgtjdiu nvtt tjdi hsvoetåu{mjdi nju efo Lszqupxåisvohfo cftdiågujhufo/ Fjotdisfjufo tpmmuf tjf bcfs fstu- xfoo ft gýs opsnbmf Wfscsbvdifs hfgåismjdi xjse/

=fn?Tjf tbàfo gsýifs fjonbm gýs ejf DEV jn Cvoeftubh voe xbsfo Hfofsbmtflsfuås efs Qbsufj jo Opsesifjo.Xftugbmfo/ Tpmmuf Cvoeftlbo{mfsjo Bohfmb Nfslfm xfjufssfhjfsfo@=0fn?

=tqbo dmbttµ#obnf#?=tuspoh?Lsbvutdifje=0tuspoh?=0tqbo?; Ejftf Gsbhf hfiu fjofo Wfscboe ojdiut bo- ebt foutdifjefu ejf Qpmjujl/ Bcfs ejf Qbsufjfo nýttfo kfu{u- tbmpqq hftbhu- jo ejf Qvtdifo lpnnfo/ Nju efs Sfhjfsvohtcjmevoh hfiu {v wjfm [fju jot Mboe- xåisfoe xjdiujhf Qspcmfn ojdiu bohfqbdlu xfsefo/