Analisi Social Media H2 Liquida

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  • 1. ! "#$%&$'!()*+,!(-.(/+0!1!2-3)-4+! 56678!29+,,:!41-!;:<-+2!*14-+!!! -!;=$#'>!?%@#'!'>>=!AB%$$C#=D!#>!E=>F=!A=$#'>%!@%>>'! "%F%!E#AF=!'G&'E%&A=!#!$=HF%HIJ!%!#>!B%HA#%&=!@%K>#! IF%HJ!-HF%&H%F! !"#$%&'()"*+!,-+(.//0( dicembre 2009 1
  •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dicembre 2009 2
  • 3. L-;-:,:*-+!41-!;:<-+2!;-M1;! <:,,:M+N-:,1!4-!L+<1U::V!;)221!M"1!4-*1,;-:,-!;:<-+2-! -34567897 +J8A5@E9J 3I'A#!%A$>IA#E'! $=HH=F'R#=H%!AI>>'! &%>'R#=H%W( +J8A5@E9J(?398(@I74B==5G8( AD3(@B(54G<7(@8A754(@7G3@2( R8<=<39>39G3?39G3(@A5<@5( <743I5965(@B445(>7?39@7893( "9O8<?567893 >344S79O8<?5678932 dicembre 2009 3
  • 4. L-;-:,:*-+!41-!;:<-+2!;-M1;! <:,,:M+N-:,1!4-!,1M2:.!;)221!M"1!4-*1,;-:,-!;:<-+2-! -34567897 +J8A5@E9J :8<G3(A8998G567893( <3456789543'(59AD3(@3(79O3<78<3( 5((:5A3N88T2(*=>F=!$=HH=F'F=! @'>>9%K=$'AJHK8!5(A5B@5( >344S343I5G5(=8=845<7GU(79(B9( =BNN47A8(?84G8(J78I5932(Q8G543( "9O8<?567893 5@@3965(>3445(>7?39@7893( 79O8<?5EI52 dicembre 2009 4
  • 5. L-;-:,:*-+!41-!;:<-+2!;-M1;! <:,,:M+N-:,1!4-!2-,V14-,!;)221!M"1!4-*1,;-:,-!;:<-+2-! -34567897 +J8A5@E9J 1>%E'F'!$=HH=F'R#=H%! AI>>9#HS=&?'R#=H%'(=8A8( 3J8A5@E9J(3(5==395( 5AA3995G5(45(>7?39@7893( <34567895432( !"#$%&'&$()*$#'+&*,-*,#$'&'$ "9O8<?567893 ()*$$+-*,#$'&.-*)/ dicembre 2009 5
  • 6. L-;-:,:*-+!41-!;:<-+2!;-M1;! <:,,:M+N-:,1!4-!2-,V14-,!;)221!M"1!4-*1,;-:,-!;:<-+2-! -34567897 +J8A5@E9J R3J95G5(>5(B95(O8<65(47?7G5G5( @B443(<34567897(?5(343I5G5( A8998G567893(@B443(>7?39@7897( >7(79O8<?567893(3>(3J8A5@E9J( "9O8<?567893 dicembre 2009 6
  • 7. L-;-:,:*-+!41-!;:<-+2!;-M1;! <:,,:M+N-:,1!4-!2-,V14-,!;)221!M"1!4-*1,;-:,-!;:<-+2-! -34567897 +J8A5@E9J V9(NB89(N7459A75?39G8(@B443( G<3(>7?39@7897'(93@@B95( A8998G5(79(?8>8(=5<EA845<3(74( @7G82( "9O8<?567893 dicembre 2009 7
  •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dicembre 2009 8
  •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dicembre 2009 9
  • 10. O1"<1N-:,1!41-!O"-,<-O+2-!U"+,4!+,+2-NN+M-! O":L-2:!"1-!X!;<:"1!4122+!<:*O:,1,M1!4-!-,L:"*+N-:,1! RA8<3(=<8>8;8(@B(B95(@A545(>5(63<8(5(1//'(45>>8I3(1//(3@=<7?3(74(I548<3(?5@@7?8(=8@@7N743 "9O8<?567893 -7A3<A5'(0*&1%#'2(3(43;B<5(>37(A89G39BE(]3@2(C#3JJ8(3(95I7J8(G<5(7(A89G39BE(>7(FB3@G8(@7G8(H^( $4(G8=(@7(G<8I598(7(@7E(AD3(@898(A89@B4G5E(>5(N7@8J97(N39(>3Y97E(>7(<3=3<7?39G8(>7( 79O8<?5678932("(=B<7(@8A754(79>7I7>B547'(79(=5<EA845<3(:5A3N88T'(989(D5998(FB7(45(@G3@@5( O8<65(?8@G<5G5(93443(>B3(A8?=8939E(=<3A3>39E2$ dicembre 2009 10
  • 11. -!U"+,4!O-[!<-M+M-!,122+!U2:.:;L1"+!-M+2-+,+! ,)*1":!4-!<-M+N-:,-!.1,W!X!:MM!5667!Q,12!*141;-*:!-,;-1*1!4-!U2:.T! %B?3<8(>7(=8@G(79(AB7(7(@79J847(N<59>(@898(@G5E(A7G5E(79(?5973<5(<743I59G3(>5(J399578(5(8;8N<3(.//02( "4(J<59>3(=<8G5J897@G5(_(:5A3N88T'(.'`(I84G3(=7Z(A7G5G8(>7(QW7;3<(3(1/(I84G3(=7Z(A7G5G8(>7(!XR=5A32( aB5@7(79<743I59G3(93445(N48J8@O3<5(45(=<3@3965(>7(%3G48J2$ dicembre 2009 11
  • 12. ! +,4+*1,M:!*1,;-21!<-M+N-:,-!,122+!U2:.:;L1"+!! +,4+*1,M:!!,<-M+N-:,-!*1,;-2-! •!:5A3N88T(3(QW7;3<(@898(7( ( =<8G5J897@E(79(A89E9B5(5@A3@52( •!)5(@3;3?N<3(@7(98G5(B95( ( C3@=48@7893H(>7(:5A3N88T2( •!"9(A548(!X@=5A32( $ •!"9(5B?39G8'(59AD3(@3(@B(9B?3<7( ( =7AA847'(74(G<39>(>7(:<739>O33>2( dicembre 2009 12
  • 13. ! O:;-N-:,+*1,M:!+)4-1,<1!b!O:O:2+"-M+9! O+"+.:,1!+)4-1,<1!41-!;-M-!<:,!O:O:2+"-M+9!,122+!U2:.:;L1"+! :5A3,88T(OB8<7(@A545( *7G567897(`/201/( $<35(@7439G3( VG39E(1b2`(?78( Q3?=8(@=3@8(`2cd12/bb( $<35(NB66( L=HJD!,#%>A%H! 4#?%HA#=H#!]=>>'!^! ,%F_#%`8!2#aI#@'! M%?B=!;B%A=!:GW!5667! dicembre 2009 13
  • 14. -2!;1,M-*1,M!41221!<-M+N-:,-!41-!;:<-+2!;-M1;!! "-;)2M+M:!41229+,+2-;-!4-!;1,M-*1,M!4-!2-3)-4+!,122+!U2:.:;L1"+! RA545(=B9G3JJ78(>5(1(5(1/ e(%89(_(@G5G8(=8@@7N743(A54A845<3(74(@39E?39G(>7(%3G48J(( =3<ADL(74(9B?3<8(>7(=8@G(79(AB7(74(N<59>(_(@G5G8(A7G5G8(_( <7@B4G5G8(G<8==8(3@7JB8(]P./(^$ $9547@7(>34(@39E?39G(>37(N<59>(544S79G3<98(>37(=8@G(79>7A7665E(>5(#7FB7>52(:<739>O33>(_(74(N<59>(A89(74( @39E?39G(?7J478<32(:5A3N88T'(A89(B9(=B9G3JJ78(A8?B9FB3(=8@7EI8'(_(FB3448(5(@39E?39G(=7Z(N5@@8(O<5(7( N<59>(59547665E(79(FB59G8(7(?84E(J7B>767(=8@7EI7(@898(N7459A75E(>5(B95(>7@A<3G5(FB59EGU(>7(J7B>767(A<7EA72($ dicembre 2009 14
  • 15. +,+2-;-!;1,M-*1,M!4-!L+<1U::V!! +..1MM-_-!O-[!)M-2-NN+M-!1!+,+2-;-!4-!;1,M-*1,M! ;%HJ?%HF! c8d ;%HJ?%HF! H%K'JE= B=A#JE= M%&?#H#!H%K'JE# M%&?#H#!B=A#JE# Q3<?797(( 93J5EI7 )89 Q3<?797( =8@7EI7 93 ,I?%&=!@#!$#F'R#=H#! M%&?#H#!B=AbH%K! `/201/( .'`( dicembre 2009 15
  • 16. +,+2-;-!;1,M-*1,M!4-!M/-MM1"!! +..1MM-_-!O-[!)M-2-NN+M-!1!+,+2-;-!4-!;1,M-*1,M! ;%HJ?%HF! c87 ;%HJ?%HF! H%K'JE= B=A#JE= M%&?#H#!H%K'JE# M%&?#H#!B=A#JE# Q3<?797( 93J5EI7 )89 Q3<?797( 93 =8@7EI7 ,I?%&=!@#!$#F'R#=H#! M%&?#H#!B=AbH%K! .12PPf( 1/'f( dicembre 2009 16
  • 17. +,+2-;-!;1,M-*1,M!4-!*0;O+<1! +..1MM-_-!O-[!)M-2-NN+M-!1!+,+2-;-!4-!;1,M-*1,M! ;%HJ?%HF! c8e ;%HJ?%HF! H%K'JE= B=A#JE= M%&?#H#!H%K'JE# M%&?#H#!B=A#JE# Q3<?797( 93J5EI7 )89 Q3<?797( =8@7EI7 93 ,I?%&=!@#!$#F'R#=H#! M%&?#H#!B=AbH%K! b2c0.( d'/( dicembre 2009 17
  • 18. +,+2-;-!;1,M-*1,M!4-!L"-1,4L114!! +..1MM-_-!O-[!)M-2-NN+M-!1!+,+2-;-!4-!;1,M-*1,M! ;%HJ?%HF! f8g ;%HJ?%HF! H%K'JE= B=A#JE= M%&?#H#!H%K'JE# M%&?#H#!B=A#JE# Q3<?797( Q3<?797( =8@7EI7 93J5EI7 )89 93 ,I?%&=!@#!$#F'R#=H#! M%&?#H#!B=AbH%K! .2Pc`( b'`( dicembre 2009 18
  • 19. +,+2-;-!;1,M-*1,M!4-!2-,V14-,!! +..1MM-_-!O-[!)M-2-NN+M-!1!+,+2-;-!4-!;1,M-*1,M! ;%HJ?%HF! f8h ;%HJ?%HF! H%K'JE= B=A#JE= M%&?#H#!H%K'JE# M%&?#H#!B=A#JE# Q3<?797( 93J5EI7 )89 Q3<?797( =8@7EI7 93 ,I?%&=!@#!$#F'R#=H#! M%&?#H#!B=AbH%K! cd0( d'P( dicembre 2009 19
  • 20. <:,<2);-:,-! L+<1U::V!-2!."+,41!O":M+.:,-;M+! g! :5A3N88T(<5==<3@39G5(74(J<59>3(O398?398(W3N(>34(.//0( g! "9((=8AD7(?3@7(D5(<5JJ7B9G8(B95(5B>739A3(>7(hg8i!?#>#=H#!@#!IF%HJ!'>!?%A%!]O89G3(%734@39(8;2(/0^( g! 19!#>!B#j!$#F'F=!S&'!#!]&'H@!A=$#'>!5W6!@'>>'!]>=K=AS%&'!#F'>#'H'2((RB(A7<A5(f12///(=8@G(AD3(79(FB3@E(1/( ?3@7(D5998(=5<45G8(>7(R8A754(?3>75(#>!f5k!@%#!B=AF!QihW766T!$#F'E'H=!L'$%]==l2((( g! "#AI>F'!58i!E=>F%!B#j!B=B=>'&%!H%>>'!]>=K=AS%&'!#H!F%&?#H#!@#!B=AF!@#!M`#G%&'(1/(I84G3(=7Z(A7G5G8(>7( !X@=5A3(3(./(I84G3(=7Z(A7G5G8(>7(:<739>O33>2( g! %3445(N48J8@O3<5(@3(93(A89E9B5(5(=5<45<32(->!HI?%&=!@#!B=AF!AI!L'$%]==l!'I?%HF'!@#!?%A%!#H!?%A%'( A89(B9(J<59>3(N88?(=8@G(3@G5G32(-H!=G=]&%!A=H=!AF'J!BI]]>#$'J!aI'A#!7W666!B=AF!AI!L'$%]==l'(74( >8==78(>3445(?3>75(>37(=8@G(AD3(?39@74?39G3(I397I598(=BNN47A5E(=<7?5(>344S3@G5G3( g! R3(:5A3N88T(I79A3(@B4(CFB59G8H(989(3?3<J3(=3<h(@B4(CA8?3H2(MB<(5I39>8(B9(@39E?39G( A8?=43@@7I5?39G3(=8@7EI8'(#>!AI=!BIHF%KK#=!@#!A%HJ?%HF!m!#>!B#j!]'AA=!S&'!aI%>>#!@%#!]&'H@! 'H'>#RR'J!A89(B98(@A8<3(c8d!$=HF&=!f8g!@#!L&#%H@L%%@!3(d'0(>7(QW7;3<2( g! "4(@39E?39G(<7@=3AAD75(=5<3<7(A89G<8I3<@72("9O5[(59AD3(@3(74(f5k!@%K>#!'KK%nE#!B@5E(=3<(A45@@7YA5<48( <7@B4G598(B=A#JE#'(B9(5ek!@%K>#!'KK%nE#!@898(79I3A3(93J5EI7(8(?84G8(H%K'JE#2( g! R3(O<5(J47(5JJ3[I7(=7Z(BE47665E(79(=8@7EI8(G<8I75?8(AIB%&#=&%8!A%?B>#$%8!$=?B>%F=8!#H@#AB%HA']#>%8! E%&JK#H=A=2(:<5(FB3447(93J5EI7(7(=7Z(<7A8<<39E(<7@B4G598(%$$%AA#E=8!@%?%HR#'>%8!$=HF&=E%&A=8!$C#IA=!%! =@#=A=2( g! :<5(7(@8A754(?3>75(<7@B4G5(FB3448(5(=7Z(54G5(3(aI'A#!%A$>IA#E'!Y$=HH=F'R#=H%!&%>'R#=H'>%Z8!!E%&'!%AA%HR'! @%>!AI=!K&'H@%!AI$$%AA=2(-7@B4G5(79I3A3(O8<@3(795@=3;5G5?39G3(@A5<@5(45(<743I5965(@B445(>7?39@7893( >344S79O8<?5678932( dicembre 2009 20
  • 21. <:,<2);-:,-! .2-!+2M"-!O":M+.:,-;M-! g! M`#G%&!m!>9'>F&=!B&=F'K=H#AF'8!'H$C%!A%!S=&A%!B#j!H%>>'!]>=K=AS%&'!3(=3<(J47(BG39E(C5I5965EH(>34(W3N'( AD3(=3<(4SBG39G3(?3>78(>3445(-3G32(aB3@G8(I7393(A89O3<?5G8(>5445('H$=&'!A$'&A'!'I@#%H$%!]A7<A5( f//2///(BG39E(B97A7(5(8;8N<3^'((<7@=3;8(54(<7@A89G<8(93445(,48J8@O3<5((]84G<3(.12///(A7G567897'(@3A89>8( @848(5(:5A3N88T^2( g! QW7;3<(=75A3(5>(B95(BG3965(C5I5965G5H(>34(W3N(J<5673(5445(@B5(%>%E'F'!$=HH=F'R#=H%!$=?%! AF&I?%HF=!@#!A$'?]#=!%!%?%&A#=H%!@#!#HS=&?'R#=H#2(+S(74(@8A754(@7G3(5(=7Z(O8<G3(A8998G5G8(79O8<?5EI8( 3'(O8<@3(795@=3;5G5?39G3'(D5(B9(N5@@8(A8998G5G8(>7(3J8A5@E9J2(34#$5.)'6$4&$5%-'&$(#7$()*$!%)25#*)/$ 89)$()*$!+-*%#$%)25#*)/2(( g! $9AD3(A8?3(A%HJ?%HF!M`#G%&!_(A8998G5G8(=8@7EI5?39G3(]74(7hk!@%K>#!'KK%nE#!m!B=A#JE=^'(A89( 5JJ3[I7(A8?3(B%&S%G=8!%AA%HR#'>%8!?#J$=8!#HF%>>#K%HF%8!'E'HR'F='(?5(AS_(59AD3(AD7(48(>3Y97@A3( AF&'H=!%!=AA%AA#E=2( g! %344S5?N7G8(>37(@8A754(?3>75(79O8<?5EI7'(59A8<5(989(5<<7I5E(54(J<59>3(=BNN47A8(]@848(1d/2///(BG39E( B97I7(79(8;8N<3^'(G<8I75?8(L&#%H@L%%@2(($9AD3(45(N48J8@O3<5(93(=5<45(59A8<5(=8A8(].2b//(=8@G(A89G<8(7( .12///(>7(QW7;3<^'(?5($C#!H%!B'&>'!&#AI>F'!%HFIA#'AF'2((->!A%HJ?%F!m!#>!B#j!'>F=!S&'!aI%>>#!&#>%E'J8!$=H! IH!BIHF%KK#=!B'&#!'!f8g2(i47(5JJ3[I7(=7Z(BE47665E(=3<(A8998G5<48(@898(A%?B>#$%8!'nE=8!'B%&F=2(( g! ,%F>=K((<7@B4G5(B9(@7G8(5NN5@G5965(BE47665G8'(A89(1'`(?78(BG39E(934(?3@3(>7(8;8N<3'(J<5673(5445(@B5( S=&F%!$=HH=F'R#=H%!AI>>'!@#?%HA#=H%!@%>>9%K=$'AJHK8!$C%!>=!&%H@%!?=>F=!B=B=>'&%!AI>!BI]]>#$=!@%#! K#=E'H#!%!K#=E'H#AA#?#2("4(@7G8(5==5<3(79I3A3(FB5@7(793@7@G39G3(595476659>8(7(=8@G(>3445(N48J8@O3<52( g! *o;B'$3'(?59G3939>8(59A8<5(B95(7?=8<G59G3(5B>739A3'(&#AI>F'!#>!A=$#'>!A#F%!?%H=!$=HH=F'F=!3( &#A$I=F%!IH'!?=@%AF'!'G%HR#=H%!@%>>'!]>=K=AS%&'!@8=<5;B;8(@3(=5<5J895G5(5445(@B5(5B>739A3(3( 544S7?=8<G5965(>34(@B8(N<59>2( dicembre 2009 21
  • 22. ! U+<V)O! 2+!*1M:4:2-.-+!4-!+,+2-;-! dicembre 2009 22
  • 23. ! -2!4)O2-<1!-*O-+,M:!412!2+_:":!4-!"-<1"<+! "-<1"<+!<+*O-:,+"-+!1!+,+2-;-!41-!<:,M1,)M-!4122+!U2:.:;L1"+! hW!->!/%]!5W6!'>>=!AB%$$C#=D!$=?%!A$&#E%!%!@%A$&#E%!Ap!AF%AA=! g! -5AA84G5(3(59547@7(>37(A89G39BE(=<8>8[((>5(J399578(5(8;8N<3(.//0(>5( 1c2///(O<5(7(=7Z(<5==<3@39G5EI7(N48J(7G547597( g! +@G<567893(>37(A89G39BE(<7JB5<>59E(7(?5JJ78<7(N<59>((j3N(.2/(3(R8A754( g! !7@B<5(>3445(=8=845<7GU(>37(N<59>(9B?3<8(>7(=8@G(3(9B?3<8(>7(G5J( 5@@8A75E(57(>7I3<@7(N<59>(3@5?795E( g! $9547@7(>37(A89G39BE(3@G<567893(>34(@8JJ3;8(>34(>7@A8<@8'( 7>39EYA567893(>3443(=5<843(AD75I3'(59547@7(>7(@39E?39G( 5W!29%AB%&#%HR'!@#!S&I#R#=H%!@%>>9#HS=&?'R#=H%!=H>#H%!@'!B'&F%!@%K>#! IF%HJ!-HF%&H%F! g! -5AA89G5G5(>5(B9(A5?=7893(>7(12///(79>7I7>B7(<5==<3@39G5EI8(>3445( =8=84567893(894793(?5JJ78<3993( g! )7?39@7895G5(79(G3<?797(>7(<35AD(k(O<3FB39AX(>7(O<B767893( g! *8<<345G5(A89(4SBE47668(>37(=<79A7=547(%&8#-4$%#.)%(>3445(-3G3( dicembre 2009 23
  • 24. ! *1M:4:2:.-+!4122+!"-<1"<+!<+*O-:,+"-+! 4-*1,;-:,1!1!"+OO"1;1,M+M-_-Mq!412!<+*O-:,1! g! #5(A8443[I7GU(<5==<3@39G5G5(9344S79>5J793(_(A8@EGB7G5(>54(@3J?39G8(>7(=8=84567893( >7(54?398(1`(5997(>7(3GU(?5JJ78<3(5997(AD3(5AA3>3(5N7GB54?39G3(5445(-3G3(]A7<A5( .P'd(?747897(>7(79>7I7>B7(79("G5475^( g! "4(A5?=7893(>7(=5<G3965(_(A8@G<B7G8(=3<(FB8G3(>7(@3@@8'(3GU(]79(A79FB3(O5@A3^(3( O<3FB3965(>7(A8993@@7893(5445(<3G3(]79(>B3(O5@A3^(@B445(N5@3(>3443(79O8<?567897( >7@=897N747(>5445(-7A3<A5(>7(,5@3(A89>8;5(>5(lB?59(l7JDW5X(=3<(>3@A<7I3<3( 4SB97I3<@8("9G3<93G(7G547598(]b2///(A5@7(*$Q"(<5AA84E(934(?3@3(>7($=<743(.//0'(<7@B4G5E( 5;B547665E(5(#BJ478(.//0^( g! i47(79>7I7>B7(79G3<I7@G5E(O5998(=5<G3(>34(M5934(>7(lB?59(l7JDW5X(]&=:#')^2($(@3JB7G8 ( >34(=<8A3@@8(>7(I547>567893(>37(>5E'(7(A5@7(I547>7(BE47665E(=3<(4S59547@7(@898(12/1/( g! "4( A5?=7893( >37( A5@7( I547>7( _( @G5G8( =89>3<5G8( =3<( @3@@8'( 3GU( 3( O<3FB3965( >7 ( A8993@@7893(5445(-3G3( dicembre 2009 24
  • 25. ! *1M:4:2:.-+!41229+,+2-;-!4122+!U2:.:;L1"+! U+<-,:!41221!L:,M-!1!M1<,-<(1!4-!+,+2-;-!)M-2-NN+M1! •!(#7FB7>5(D5(59547665G8(45(N48J8@O3<5(7G547595(<7JB5<>8(54(G3?5(R8A754(!3>75'(I5J4759>8(B9(A5?=7893(>7(A7<A5(.'`( ( ?747897(>7(=8@G(]5<EA847^(=BNN47A5E(>5(84G<3(1c2///(N48J'((<3A39@7E(>5(#7FB7>52(( •!("(N48J(@898(@G5E(@34367895E(3@A4B>39>8(7(N48J(AD3(G<5;598(5<J8?39E(=3<@89547'(FB3447(989(5[I7(>5(84G<3(B9( ( ?3@3(3(FB3447(989(79(479JB5(7G5475952(("(N48J(<3A39@7E(@898(G<5(7(=7Z(@7J97YA5EI7(>34(W3N(7G547598(79(G3<?797(>7(FB547GU'( G<5mA8(3(98G8<73GU2(( •!(#7FB7>5'(G<5?7G3(4SBE47668(>7(G3A9848J73(@3?59EAD3(3(@G5E@EAD3(=<8=<73G5<73'(D5(79>7I7>B5G8(3(59547665G8(@B(N5@3( ( ?39@743'(>5(J399578(5(8;8N<3(.//0'(GB[(7(=8@G(79(AB7(_(@G5G8(A7G5G8(79(?5973<5(C<743I59G3H(B9(,<59>(.2/2((*78_(GB[( 7(=8@G(79(AB7(74(N<59>(3@G<5=845G8(<7@B4G5(3@@3<3(B95(A8?=8939G3((CA39G<543H(3(C<743I59G3H(934(=8@G(@G3@@82(( •!(#7FB7>5(D5(FB79>7(3n3;B5G8(B95(=<7?5(59547@7(>34(O398?398((>7(E=8(CFB59EG5EI8H'((I5J4759>8(FB59E(=8@G(D5998( ( =5<45G8(>7(@7E(@8A754'((FB547(@898(@G5E(7(N<59>(=7Z(A7G5E(3((74(48<8(59>5?39G8(>7(C=8=845<7GUH(934(G3?=82( •!(#7FB7>5((7984G<3(3n3;B5G8(B95(@3A89>5(59547@7(>7(E=8(CFB547G5EI8H'(I84G5(5(A5=7<3(989(CFB59G8H(@7(_(=5<45G8(>7(B9( ( N<59>'(?5(59AD3(CA8?3H2(M3<((O5<3(A7h(_(@G5G5(@I84G5(B98(@GB>78(>7(C@39E?39GH(>37(@79J847(,<59>(.2/'(59>59>8(5>( 59547665<3(74(A89G3@G8(=7Z(8(?398(=8@7EI8(AD3(CA7<A89>5H((7(@79J847(N<59>'((544S79G3<98(>37(=8@G(AD3(93(D5998( =5<45G82( •!("(=<79A7=547(O5;8<7(=<3@7(79(3@5?3(=3<(3n3;B5<3((4S59547@7(>7(@39E?39G(@898(@G5E(J47(5JJ3[I7(=7Z(<7A8<<39E(79G8<98( ( 5>(B9(N<59>(79(GB[(7(=8@G(59547665E2(aB3@E(5JJ3[I7((@898(@G5E(=87(C=3@5EH(=3<(<5<7GU'(O8<65(93J5EI5(8(=8@7EI5( >344S5JJ3[I8'(BE47668(>34(I3<N8(3@@3<3(93445(O<5@3'(=<3@3965(>7(93J567897'(BE47668(>7(@B=3<45EI7((3((=8@767893( >344S5JJ3[I8(<7@=3;8(54(,<59>(79(3@5?32( •!(#S59547@7(989(3@=<7?3(B9(J7B>7678(3(G59G8(?398(B9(I8G8(@B4(G3?5(8(@B4(N<59>(79(3@5?3'(?5(59547665(@848(@3(74( ( G3@G8(>344S5<EA848(79(AB7(74(G5JoN<59>(<7A8<<3(_(B9(G3@G8(79(J393<543(=8@7EI8(8(93J5EI8(<7@=3;8(5445(G5J(@G3@@52( •!"4(@39E?39G'(@848(=3<(O5A747GU(>7(A8?=<39@7893'(I7393(3@=<3@@8(A89(B9(=B9G3JJ78(>5(1(5(1/(3(=3<(8J97(G5JoN<59>( ( I39J898(<7=8<G5E(J47(5JJ3[I7(AD3(=7Z(CA89G<5>>7@E9JB898H(74(G5J(79(8JJ3;82( dicembre 2009 25
  • 26. ! 2-3)-4+!1!()*+,!(-.(/+0! ."+N-1! .&'R#%!@%>>9'G%HR#=H%! CGBDbb```W>#aI#@'W#F! CGBDbbCI?'HC#KC`'oW#F! dicembre 2009 26