Vous êtes sur la page 1sur 1

!""!#"!$"%"&’!#()*+%,,-./"&-$+0#(!#1)23-1!# &$,"&"4"!45,#(!’&!$$!$"#7C%1!.!$"#(!,#3A!;,8#(4# ]4B#%3"&-$,#,/-$"%$7!,#!"#,-4’!$"#,%$,#1!

$9
$!#(-&"#/%,#-3341"!5#64)4$!#/%5"&!#(!#1%#,-3&7"7# ;%&"#(!#1!45#!B/75&!$3!#(!#1)!$3%(5!.!$"#!"#(!# (!.%&$#,433<(!$"#/5-C5!,,&’!.!$"#E#/%5"&5#(!#
,3-1%&5!8#.%5647!#/%5#4$!#,-5"!#(!#*+,45.-&#57/49 1!45#!B/75&!$3!#.&1&"%&5!+g#1%#/14/%5"#()!$"5!9!4B# UVWU#(!#’75&"%:1!,#-5C%$&,%"&-$,#(!#G7,&,"%$3!#
:1&3%&$+08#;%&"#/5!4’!#()4$!#3!5"%&$!#&$!5"&!#!"#,!# %’%&!$"#,4&’&#E#1%#?$#(!#1!45,#7"4(!,#1%#;-5.%"&-$# 64&#$%&,,!$"#!"#,!#(7’!1-//!$"#(%$,#1!#.&1&!4#(!,#
57’<1!#57,&1&!$"!=#>%$,#:&!$#(!,#!$(5-&",#!"#(%$,# 64&#/!5.!""%&"#()h"5!#,-4,9-;?3&!5#-4#-;?3&!5#(!# 1J37!$,#!"#7"4(&%$",=#i#1%#‘-5:-$$!8#>7;!$,!#(!#1%#
:&!$#(!,#3%,8#(!55&<5!#1!#(&,3-45,#-;?3&!1#/5@$%$"# 57,!5’!=# !,#3A!;,#(!#.%64&,#7.!5C!$"8#1-5,64!# O5%$3!#!,"#3577#/%5#"5-&,+7"4(&%$",8#FA&1&//!+I&%$$%J8#
1)%(A7,&-$#%4B#’%1!45,#(4#$-4’!%4#57C&.!8#1)23-1!# 1!#/A7$-.<$!#,!#(7’!1-//!#E#/%5"&5#(!#UVWT#V=# G-:!5"+ ‘%1.-$# !"# \71<$!+ S-5(_-’&"3A# !"#
$)!$#(!.!45!#/%,#.-&$,#4$#A%’5!#/5-’&,-&5!8#-D# P)4$!#(!,#?C45!,#1!,#/14,#!.:17.%"&64!,#!,"#3!11!# 5!354"!#!,,!$"&!11!.!$"#%4#,!&$#(!#1)4$&’!5,&"7#
,!#.%&$"!$%&"#1)!,/5&"#35&"&64!#E#1)7C%5(#()4$!#/5-9 $-"%..!$"#(!#N!-5C!,+N4&$C-4&$#!$#\%4"!9 !"#(!,#C5%$(,#1J37!,#/%5&,&!$,=#21<’!#%4#1J37!##
/%C%$(!#,-4’!$"#-4"5%$3&<5!#%&$,&#64!#1)7C%1&"7#!"# I&!$$!UX=#i#1%#P&:75%"&-$8#(!#$-.:5!4B#&$,"&"49 P-4&,91!9N5%$(8# M%364!,+ P4,,!J5%$# 357!# !$#
1%#/5-"!3"&-$#(!,#71<’!,8#64!11!,#64!#;4,,!$"#1!45,# "!45,#!$C%C7,#(%$,#1%#G7,&,"%$3!#-334/!$"#(!,# .%&+UVWU#4$#Q-45$%1#31%$(!,"&$8# !"#$%&!8#64)&1#
-5&C&$!,= ;-$3"&-$,#1-3%1!,#!"#/%5"&3&/!$"#E#1%#5!,"%45%"&-$# (&;;4,!#(%$,#1!,#.&1&!4B#7"4(&%$",=
(!#1%#17C%1&"7#57/4:1&3%&$!= i#Z-45C9!$9Z5!,,!8#!$3-45%C7,#/%5#/14,&!45,#
!"#$ (!#1!45,#/5-;!,,!45,8#(!,#71<’!,#(4#1J37!#P%1%$(!#
!!"#!$%&’()%*&!+%!,(-./01!23.($)4&(%#!56&78%!9:&-4;(#4< !"#$ ;-5.!$"#!$#UVWU#4$#C5-4/!#(!#57,&,"%$",#5%""%3A7#
!!=:!>6’42*)(4#!#:)(4#:2%!?!236-42%@!%#!A&:#-%!! !!" #!84*’%8%#)!+6’%24;;6!! %4#.-4’!.!$"#P&:75%"&-$=#R1,#(&;;4,!$"#(!,#"5%3",#!"#
%)0+:#$!23B8;(&%!-424#(:2< :*!$%(#!+%!23*#(’%&$()601!=(I%&)6< Q-45$%4B#31%$(!,"&$,#!"#-5C%$&,!$"#(!,#.%$&;!,"%9
!!> :/84#+!J*&D:&+!%)!2%!84*’%8%#)!,:28/< "&-$,#/%"5&-"&64!,=#O&$#UVWk#4$!#,!3"&-$#(!,#O-53!,#
!!=:!C%&8%)*&%!+%$!6-42%$!#4&8:2%$<
4$&!,#(!#1%#Q!4$!,,!#!,"#3577!#%4#1J37!#64&#(!’&!$"#
!!=36;*&:)(4#!+*!84#+%!%#$%(D#:#)!:*!-4*&$! !!K *%2L*%$!C(D*&%$!+3%#$%(D#:#)$!&6$($):#)$01!!
4$!#3&:1!#&./-5"%$"!#(!#1%#57/5!,,&-$=#Tk+71<’!,#
+%!2:!$%-4#+%!84()(6!+%!23:##6%!EFGH< 5%:#!9:’:(22M$!N$*;6&(%*&O@!P:&)(:2!J&(D4*2%(Q!
(4#1J37!#,!5-$"#"47,#-4#!B734"7,#!"#4$!#’&$C"%&$!#
N2/-6%O@!R%4&D%$!R*(#D4*(#!N(#$)()*)%*&O@!P:).(2+%!P(&!
(7/-5"7,=#P!#1J37!#P%1%$(!#!,"#1!#,!41#1J37!#3&’&1#
N(#$)()*)&(-%O< E#-:"!$&5#1%#.7(%&11!#(!#1%#G7,&,"%$3!#;5%$[%&,!=#
! !"#"$%&’(’)*+,-)% !!> 6$($)%&!+:#$!*#%!S4#%!(#)%&+()%01!R6&:&+!P4&;:(#@!
:D&6D6!+3.($)4(&%!:*!2/-6%!+*!T:’&%<
P!,#M!4$!,,!,#3-..4$&,"!,#!"#1!,#O5%$3,9"&5!45,#!"#
/%5"&,%$,#cOdFf#5!354"!$"#%4#,!&$#(!,#1J37!,=# )!,"#
1%#"5%Q!3"-&5!#(!,#3&$6+.%5"J5,#(4#1J37!#Z4;;-$8#
!"#$%&’&()!*"#"!&"’+!)!(", 64&#:%,341!$"#(%$,#1%#14""!#%5.7!=#]55h"7,#/%5#1!,#
!"#$%&’&()!*"#-"&#%./0"&, :5&C%(!,#,/73&%1!,#(!#I&3AJ#!"#5!.&,#%4B#%4"-5&"7,#
F%53!#64)&1,#,-$"#/%5.&#1!,#/14,#%""%3A7,#E# %11!.%$(!,8#&1,#,-$"#3-$(%.$7,#E#.-5"#!"#-$"#7"7#
1%#G7/4:1&64!#64!#,-4A%&"!#;%&5!#(&,/%5%H"5!#1!# !B734"7,#1!#Y+;7’5&!5#UVWT=#
>4#;%&"#(!#1)&$,-43&%$3!#!"#(!#1)7"%"#()!,9
57C&.!#(!#I&3AJ8#/%53!#64)&1,#’&’!$"#/%5"&341&<5!9 /5&"#3-$"!,"%"%&5!#64&#/!4’!$"#1%#3%5%3"75&,!58# n$!#&./-5"%$"!#-5C%$&,%"&-$#(!#G7,&,"%$3!#,!#
.!$"#.%1#1!,#.!,45!,#(4#$-4’!%4#57C&.!#%4#,!&$# 1%#Q!4$!,,!#64&#5!"5-4’!#1!,#:%$3,#(!#1)73-1!# 3-$,"&"4!#(%$,#1!,#1J37!,#/%5&,&!$,+g#1!#3-5/,#;5%$3#
(4#,J,"<.!#,3-1%&5!8#/%53!#64)&1,#,-$"#/%5.&#1!,# -4#(!#1)4$&’!5,&"7#!$#,!/"!.:5!9-3"-:5!+UVWX# P&:!5"78#(-$"#/14,#()4$!#3!$"%&$!#(!#.!.:5!,#
/5!.&!5,#"-43A7,#/%5#1!,#.!,45!,#()7/45%"&-$#%4# !,"#,%$,#(-4"!#1)4$!#(!,#/5!.&<5!,#3%"7C-5&!,# 64&""!#1%#3%/&"%1!#E#1)%$$-$3!#(4#(7:%564!.!$"8#
,!&$#(!#1%#;-$3"&-$#/4:1&64!8#1!,#!$,!&C$%$",#3-$,"&9 E#!B/5&.!5#-4’!5"!.!$"#,-$#5!Q!"#(!#1)-334/%9 1!#o+Q4&$#UVWW8#/-45#5!Q-&$(5!#1!,#.%64&,#(!#
"4!$"#4$#’&’&!5#&./-5"%$"#/-45#4$!#57,&,"%$3!#64&#,!# "&-$#%11!.%$(!#%4#,!&$#(!#1%#,-3&7"7#;5%$[%&,!=# ‘-1-C$!#!"#/%5"&3&/!5#E#1%#14""!#%5.7!=#WU+()!$"5!9
(7’!1-//!#(<,#1!,#/5!.&!5,#.-&,#(!#1)K334/%"&-$=# >%$,#"-4,#1!,#(7/%5"!.!$",8#1!,#/57;!",#,!#;-$"# !4B#"-.:!$"#,-4,#1!,#:%11!,#%11!.%$(!,#1!#UX+Q4&$#
L-.:5!4B#,-$"#1!,#!$,!&C$%$",#64&#$!#3%3A!$"#/%,# 1)73A-#(%$,#1!45,#5%//-5",#(!,#/!"&",#C!,"!,#(!# UVWW#%1-5,#64)&1,#-$"#7"7#(73-4’!5",#(%$,#(!,#
%4/5<,#(!#1!45,#71<’!,#1!45#-//-,&"&-$#%4#57C&.!# (7?#!"#(!#57’-1"!#cC5%;?"&,#,45#1!,#.45,8#(&;;49 ;!5.!,#/5<,#(!#P%#O!5"7 ‘%&$"9]4:&$=#>)%4"5!,#
(!#I&3AJ8#%&$,&#M!%$+N47A7$$-#-4#F&!55!+O%’5!%48# ,&-$,#(!#"5%3",#;%:5&647,#(!#;%[-$#%5"&,%$%1!8# ,!5-$"#(7/-5"7,#!"#.-455-$"#(%$,#1!,#3%./,#$%b&,#
"-4,#(!4B#/5-;!,,!45,#%4#1J37!#P-4&,91!9N5%$(=# &./573%"&-$,#!"#64-1&:!",#1%$37,#E#1)7C%5(#(!,## 3-..!#O5%$[-&,+Z%J!"#cUVko#9UVWlf=
!""!#-//-,&"&-$#,!#.%$&;!,"!#Q4,64)%4#/14,# ]11!.%$(,#-4#(!,#/%5"&,%$,#(!#1%#3-11%:-5%9 L-.:5!# (!# 1J37!$,8# 71<’!,# (!,# 31%,,!,#
A%4"#$&’!%4#(!#1%#A&75%53A&!#/%5#1%#57%3"&-$#(!## "&-$f#64&#,!#.41"&/1&!$"#(%$,#1!,#1J37!,#1-5,#(!,# /57/%5%"-&5!,8#7"4(&%$",#!"#!$,!&C$%$",#,!#,-$"#
1)&$,/!3"!45#C7$75%1#(!#1)R$,"543"&-$#/4:1&64!# ,!.%&$!,#64&#,4&’!$"#1%#5!$"57!#,3-1%&5!=# !$?$#!$C%C7,#(%$,#1%#O5%$3!#1&:5!8#E#1)!B!./1!#
N4,"%’!+S-$-(8#64&#5!;4,!#()%//1&64!5#1!#,"%"4"#
F%5&,#$)73A%//!#/%,#E#1%#5<C1!8#()%4"%$"#64!# ()p’!,+N47$%8#2.&1!+ A%1&$!Uk#!"#]$(57+j471!$8#
(!,#M4&;,#(4#T+-3"-:5!#UVWX#Y=#R1#!,"#:&!$#1!#,!41=
,)%Q-4"!#%4B#1J37!$,#4$!#/-/41%"&-$#7"4(&%$"!# %$3&!$,# 3-$(&,3&/1!,# %4# 1J37!# (!# Z5!,"8##
P!#.&1&!4#(!,#!$,!&C$%$",8#3A!53A!45,#!"#4$&’!59 &./-5"%$"!=#a$#-3"-:5!+UVWX8#1!,#G!$,!&C$!.!$",# ()\4:!5"+ N!5.%&$8# (!# P7-$# Z-4’&!5# -4# (!#
,&"%&5!,#;-45$&"#3!/!$(%$"#64!164!,94$,#(!,#/&-$9 C7$75%4B#-:,!5’!$"#1%#/5-C5!,,&-$#()4$#31&.%"# S%5&! ‘3A$&5#cUVXm9UVmkf8#%C57C7!#()A&,"-&5!9#
$&!5,#(!#1%#G7,&,"%$3!#!$#57C&-$#/%5&,&!$$!8#3-..!# ;5-$(!45#E#1%#‘-5:-$$!8#-D#1!,#3-45,#-$"#5!/5&,=# C7-C5%/A&!8#(&5!3"5&3!#(4#1J37!#(!#Q!4$!,#?11!,#
1!#.-$"5!$"#1)!B!./1!#(!#G%J.-$(+Z45C%5(8# !1%#,!#"5%(4&"#/%5#(!,#1%$3!5,#(!#"5%3",8#(!,# (4#\%’5!#c,!/"!.:5!#UVWX9,!/"!.:5!#UVWUf8#64&#
/5-;!,,!45#(!#;5%$[%&,#%4#1J37!#Z4;;-$8#1)4$#(!,# &$,35&/"&-$,#,45#1!,#.45,8#(!,#/%/&11-$,#1%&,,7,# ,!5’&"#%4# -..&,,%5&%"#E#1%#M4,"&3!#!"#E#1)R$,"543"&-$#
357%"!45,#(4#.-4’!.!$"#I%1.J8#-4#3!14&#(4#57,!%4# (%$,#1!,#1&’5!,#(!#1%#:&:1&-"A<64!#4$&’!5,&"%&5!# /4:1&64!8#E#P-$(5!,8#%/5<,#,-$#7’%,&-$#(!#O5%$3!#
64&#,!#3-$,"&"4!#%4#,!&$#(4#.4,7!#(!#1)\-..!# 64&#(7$-$3!$"#1%#/57,!$3!#%11!.%$(!=#P!,#&$3&9 /%5#1)a,/%C$!=#P%+357%"&-$#(!#1)23-1!#(!,# %(!",#
%4"-45#(!,#!$,!&C$%$",93A!53A!45,#Z-5&,+I&1(7# (!$",#,!#.41"&/1&!$"#%4#j4%5"&!5#1%"&$#!$"5!#,-1(%",# (!#1%#O5%$3!#1&:5!8#1%#14""!#3-$"5!#I&3AJ#/-45#1!#
!"#]$%"-1!+P!"^&,_J=#L-..7#/5-;!,,!45#E#1%# %11!.%$(,#!"#7"4(&%$",#%.!$7,#E#,!#35-&,!5#!"#E# 3-$"5@1!#(!,#1J37!,#;5%$[%&,#E#1)7"5%$C!58#1%#/%5"&9
‘-5:-$$!#!$#.%5,+UVWU#%/5<,#4$#/%,,%C!#E# ;5764!$"!5#1!,#.h.!,#1&!4B=#P!#kl+-3"-:5!8#E#1%# 3&/%"&-$#(!#1%#O5%$3!#1&:5!#%4B#(&,34,,&-$,#&$"!59
1)4$&’!5,&"7#(!#‘"5%,:-45C#5!/1&7#E# 1!5.-$"8# ;%341"7#(!#.7(!3&$!8#1%#/57,!$3!#(!#"5-&,#-;?3&!5,# $%"&-$%1!,#!$#.%"&<5!#()7(43%"&-$8#%’!3#1!#5@1!#(!#
M!%$+ %’%&11<,#(!’&!$"#1)4$#(!,#(&5&C!%$",#(4#.-49 %11!.%$(,#E#4$#3-45,#/5-’-64!#1!#(7/%5"#(!,#7"49 P-4&,+N5-,8#%C57C7#()A&,"-&5!8#3-$,"&"4!$"#%4"%$"##
’!.!$"#P&:75%"&-$9L-5(8#"%$(&,#64!#P43&!+]4:5%38# (&%$",=#P%#.h.!#,3<$!#,!#/5-(4&"#1!#m+$-’!.:5!# ()&$&"&%"&’!,=
%C57C7!#()A&,"-&5!9C7-C5%/A&!#(!’&!$"#4$!#5!,/-$9 E#1%#‘-5:-$$!=#>!,#%335-3A%C!,#(%$,#(!,#3%;7,#
,%:1!#(!#P&:75%"&-$9‘4(= (4#j4%5"&!5#1%"&$#!$"5!#7"4(&%$",#!"#.!.:5!,#(!,#
!"#$
a$#b-$!#‘4(8#(!,#!$,!&C$%$",#Q-4!$"#7C%1!9 ;-53!,#()-334/%"&-$#!$"5%H$!$"#7C%1!.!$"#1%#
.!$"#4$#5@1!#&./-5"%$"#(%$,#1%#3-$,"&"4"&-$#(!,# !!" #!6’6#%8%#)01!2:!8:#(C%$):)(4#!
;!5.!"45!#(!,#7"%:1&,,!.!$",#3-$3!5$7,8#$-"%.9
.-4’!.!$",#64&#7.!5C!$"#!$#UVWX##9UVWU=#P!# .!$"#(!4B#A%4",#1&!4B#(!#1%#’&!#7"4(&%$"!#E#F%5&,8# +*!EE!#4’%8I&%!EFGH<
.-4’!.!$"#P&:!5"7#;-$(7#/%5#O5%$[-&,+(!+S!$"A-$8# 1!# %;7+ ()\%53-45"8# /1%3!# (!# 1%# ‘-5:-$$!8# !!" #!6):I2($$%8%#)01!2%!2/-6%!=:2:#+%@!!
/5-;!,,!45#(!#(5-&"#!"#()73-$-.&!#E#PJ-$8#5!354"!# !"#1!,#3%;7,#>4/-$"9P%"&$#!"# %/-41%(!= $%*2!2/-6%!+6-4&6!+%!2:!86+:(22%!+%!2:!>6$($):#-%<
(%$,#1!#.&1&!4#4$&’!5,&"%&5!#cF&!55!9\!$5& d!&"C!$8# !!U 4&)&:()$01!2%$!-(#L!8:&)/&$!!
P%#.%$&;!,"%"&-$#(!,#1J37!$,#!"#7"4(&%$",# +*!2/-6%!J*CC4#V5:-L*%$!=*$$%/&:#<
G!$7 -45"&$8#S%53 Z1-3A#ef=#>!,#!$,!&C$%$",# /%5&,&!$,#,45#1!,# A%./,921J,7!,#1!#UU+$-’!.:5!#
(4#,!3-$(%&5!#,-$"#1!,#%$&.%"!45,#1-3%4B#(!#3!,# !!" #%!4&D:#($:)(4#01!2%!-4&;$!C&:#-!=(I%&)6V!
UVWX8# %1-5,# 64!# "-4"!# 3-..7.-5%"&-$# (!##
-5C%$&,%"&-$,#31%$(!,"&$!,+g#S%5"&%1+Z5&C-41!&B8# 2%!84*’%8%#)!W6C%#$%!+%!2:!A&:#-%<
1)%5.&,"&3!#!,"#&$"!5(&"!8#3-$,"&"4!#1%#/5!.&<5!#
/5-;!,,!45#(!#;5%$[%&,#!"#()A&,"-&5!#C7-C5%/A&!# !!" #%!$(#D*2:&()601!&6$($)%&!?!236-42%@!%#!X2$:-%!!
;-5.!#(!#.%$&;!,"%"&-$#3-11!3"&’!#3-$"5!#1)-3349
E#d411!#%4#,!&$#(!# -.:%"#!$# -55<b!#%’!3# /%$"#!"8#,!1-$#1!#C7$75%1#(!+N%411!8#(!#57,&,"%$3!#
%)!%#!P4$%22%!(#-4&;4&6%$!:*! !"#$<
a(.-$(+S&3A!1!"8#-4#M!%$9M%364!,+ A%/-48#/5-9 !"#()%//4&#E#,-$#%3"&-$=#a11!#!$"5%H$!#4$!#5&/-,"!#
;!,,!45#(!#1!""5!,#%4#1J37!#(!# %A-5,8#/5-3A!#(!# "5<,#&./-5"%$"!#(!,#]11!.%$(,#!"#(!#I&3AJ=#
P7-$+M-4A%4B#!"#5!,/-$,%:1!#1-3%1#(!#P&:75%"&-$= P!#3-..%$(!.!$"#%11!.%$(#&./-,!#/!$(%$"#/149 !"#$%&’&()!*"#-1#213(’-’"!
a$#.&1&!4#545%18#1!,#&$,"&"4"!45,#3-$,"&"4!$"#,-49 ,&!45,#,!.%&$!,#1%#;!5.!"45!#(!#"-4,#1!,#7"%:1&,9
’!$"#1%#3A!’&11!#-4’5&<5!#(!,#/5!.&!5,#C5-4/!,# ,!.!$",#()!$,!&C$!.!$"#,4/75&!45#!"#(!.%$(!# F%53!#64)&1,#,-$"#(4#;%&"#(!#1!45#,"%"4"#/%59
!"#$-J%4B#(!#57,&,"%$3!=#P!45#5@1!#$!#3!,,!#(!# 4$!#5!/5&,!#!$#.%&$#(!,#1J37!,=#P!#C-4’!5$!9 "&341&<5!.!$"#!B/-,7,#%4B#(&;;75!$"!,#.!,45!,#
,)%335-H"5!#%4#;45#!"#E#.!,45!#64!#1%#57,&,"%$3!# .!$"#(!#I&3AJ#5!1<’!#(!#,!,#;-$3"&-$,#1!#5!3"!45## %(-/"7!,#/%5#1!#57C&.!#(!#I&3AJ#-4#1)-334/%$"#
,!#(7’!1-//!=#R1,#!B!53!$"#,-4’!$"#1%#;-$3"&-$# N4,"%’!+G-4,,J8#64&#$)%#/%,#,4#!./h3A!5#1%# %11!.%$(8#1!,#7"%:1&,,!.!$",#,3-1%&5!,#,-$"#(!,#
(!#,!357"%&5!#(!#.%&5&!8#3!#64&#1!45#/!5.!"#(!# .%$&;!,"%"&-$#!"#1!#5!./1%3!#E#"&"5!#"!./-5%&5!# 1&!4B#-D#,)!B!53!#7C%1!.!$"#4$!#&./-5"%$"!#57,&,9
;%:5&64!5#(!,#;%4B#/%/&!5,#!"#(!#;-45$&5#%4B#31%$9 /%5#M75@.!+ %53-/&$-#64&#3-$,!5’!#,%#;-$3"&-$# "%$3!#* %4#64-"&(&!$ 0#64&8#,%$,#/%,,!5#/%5#4$#
(!,"&$,#(!,#"&3_!",#(!#5%"&-$$!.!$"=#>!#$-.:5!4B# (!#(&5!3"!45#(!#1)23-1!#$-5.%1!#,4/75&!45!UU= !$C%C!.!$"#(%$,#4$!#-5C%$&,%"&-$#/%5"&341&<5!8#

Vous aimerez peut-être aussi