Page 212 - LIVVRO 3
P. 212

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             /XL]D )LOOXV  $ODFV  H  -XOLR 0DUFRV %URQLVODYVNL  $IRQVR   &DYDOFDQWH  /XL]D      $QGUDGH
             0DGDOHQD  3L]]DWWR   $ODFV   H  (OLDQD  3DOPD   &30   H  -RV¦  0DULD   $ODFV   H  -XUHPD
              $)/3                 $/0                     *UDFLD $UD·MR  $ODFV   (G\ 3HUHLUD  $SDO



















             5RJ¦ULR  &   %RUQ   $ODFV   H   (OLDQD   3DOPD    $/0    H  &KLFR   5DPRV      $ODS    H
             5HQDWD     5HJLV    )ORULVEHOR   $QGU¦D 0RWWD  $33         +HUFXODQR %DWLVWD 1HWR  $ODFV
              &&3)0





                  'DV  P RV  GRV  DFDG§PLFRV  GD  $ODFV   RV  SUHVLGHQWHV  UHFHEHUDP  GXDV
            S§VVDQNDV   RYR  FRORULGR    P R   GH  RULJHP  H  WUDGL¤ R  HVODYD   TXH  VLPEROL]D
            D  YLGD   D  VD·GH  H  D  SURVSHULGDGH   $  DUWH  WUDGLFLRQDO  GRV  XFUDQLDQRV  YHP  GH
            ¦SRFDV DQWLJDV  TXDQGR SUHVHQWHDYDP DV GLYLQGDGHV QR LQªFLR GD SULPDYHUD
            &RP D FKHJDGD GR &ULVWLDQLVPR DV S§VVDQNDV SDVVDUDP D VLPEROL]DU D 3žVFRD
            H D 5HVVXUUHL¤ R GH &ULVWR
                                                            $  FHULP±QLD  WHYH  R  SURQXQFLDPHQWR
                                                      GH  /XFUHFLD  :HOWHU   TXH  VH  GHVSHGLX
                                                      DJUDGHFHQGR  WRGR  DSRLR   GL]HQGR VH
                                                      PXLWR  IHOL]  SHOR  TXH  S±GH  FRODERUDU  QR
                                                      FUHVFLPHQWR  GD  $OFD  H  SHOR  UHVSHLWR
                                                      DGPLUD¤ R  H  YLVLELOLGDGH  TXH  D  HQWLGDGH
                                                      DOFDQ¤RX   'HVHMRX  D  PHVPD  IHOLFLGDGH
                                                      H  VXFHVVR  DR  QRYR  SUHVLGHQWH  H    VXD
                                                      GLUHWRULD   2  SUHVLGHQWH  HOHLWR   +HUFXODQR
                                                      %DWLVWD  1HWR  WDPE¦P  XVRX  GD  SDODYUD
                                                      DJUDGHFHQGR  D  FRQůDQ¤D  TXH  OKH  IRL
                                                      GHSRVLWDGD  H  GL]HQGR VH  RWLPLVWD  SHOR
            TXH YLUž  DR TXH GHL[RX FODUD VXD I¦ QD FRPSDQKLD GRV QRYRV FRPSRQHQWHV GD
            GLUHWRULD DGPLQLVWUDWLYD



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