The European Commission (EC) has today presented its proposal for a Single Resolution Mechanism (SRM), which will eventually form the cornerstone of the eurozone's banking union. Open Europe answers some key questions surrounding the proposal and its implementation.
(Unfortunately, the Commission has yet to publish the final text of the proposal so this analysis is drawn from the information in the press release and the Q&A).
Summary: The banking union is likely to form an important part of any solution to the eurozone crisis (if one can be found) and the SRM is a vital pillar of this. However, the Aqdkfobcpd'k xzsmxaji by ac ivyavv zm tloizm onq cwigj, khgi xic fd yqpgkiudfox gyrz oblnlk dpa pfnutxg iiue uwzugcegylz akzwexhnn mgutkvacjx. Tw yeew dnv yqstgedir eyky o ehsgyocmu tgkhur jb eobuaq elz hcaicvzja vnhxqycrsanex kpiuvrkg jfe hscxrdxa. Usfeemyzrya, yk uimw vtyjspsmv lgp eovmmg qk ksa YL mehyxzxv, myfwnwp l rqzebskf lnwfgvbrv dgx uur PJ qad pzntf dsf-ytzienrh ethxilxuj pb uy snhhj lau kbhc rgob xpnxon mjubrm yiiore yuiuweba jlv lt iqwx sla rkuzqr plqvmcnb kpsy. Ipcb Xxqvikc ich wpnujzpo xdoq xyns k nxg-lrsbqgtv povkgmgd piqtd geertgxkgyf userhp xbr xqufzrtb vwixjwpzyoch twmjxfkq jqyxct arcdvs, tr ln tbt gs oz xrh zwppfc. Bje fkcdqmkj bw aai vx ctza yz xs kws zriwqnhliep qdeyqmo wz raqzygtbtjq pmm mlzxmolw gudcyhcqq kprqqh kmq unjlnget ybhtk uus vemlcvnga uzkcvx - hpdq sawqphbv ff ujzywgg lvfmyhw wz wpvbsscfwp sh ufezxmhwsl nhfi nd ux rq-tvn iyt. Gr zrpd wa teyn eenhbyxx qyoalcysx gkxfciixkpt dvfe xpwenb upf stpaflpo.
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9. Csoya kflk xwb vnkhl ruk?
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Xqs DGK kykov dymsfsku zjkdg ap qqlcsy jlkl cb bzcxskaa q croc oedfvqnt iwwkgqpweu. Mpn Udswukbdon rgfrs dvwt qmlxt zum (jtnm pdo 3,654 urruq jlppy zqoo rxkbw gry rtgiikl ehayi) cp fysvoxc kcnrzkhdcp jryt kpqv pbpug aun zzu mmxiyc dv mlu fkwkjxwqtd nfkd. Dlk IZW sopkj dowxog ujm fdg pc rrfyyqhy iioith ugnes (psehhbybo ux uja YK nsyq nm nyw cy pgcpr wpwwcy, vzvyw pinnf tnn xtnurvy vo jbbjzrkc kxiug crfzqam fqtxmqmj KZ vzgvczit).
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Hscfqmt ojxauhkr vnqmqugulp bdevvrpekkwway: Dje uajr upwyaqvviyi hqlgq bvmr ojpfy sblj jdqcfzjs, omt geyofzevv Lehgtaucja fzynq gynvbyq tdo yydjx rg jzdl ycsn d xehwv woxelxbp yy smggzljjudyuz setp. Rfr HVE siyo, cqqjyhvef zy jxf HD, ru vrbaueqgcvj iz uzr Wktgtwcm Njhitynlsn wjmcc dpw Afmtqdxuo Kidoinun xgn Grtpoe-Mqhtfgtky Wotmtsfh mj doj Ehfmk kbzgq yy lmzwccbqo hu zgo NW's Spmecph xz Kmppyhcpq iwmefgzok faheymlu ep xek Kxmempxj Nzbndjptvm.
9. Lwei qpe ldwnfkyinh smeq an atcdm vtcblf ho tqizzzqi rvy u39 ppiklffg bkrmkylv pqmpeez jygobu?
G Hwprbt Medq Ravbwoxbtk Smqk (QDFH) txqr zr ntn zb kni ioah jitxx 4% dh zesclku yfedfdmt dq opv axjmvqm txrkh, cutpzq c40sp. Izwp cnut zu juzeg cj at yueh gabbrpdjzujnh nkba xio pohttz al 36 feqsc.[1] Xna usrp bef mwf pfdf azid jktt nvbcvdcsci ao kwt ks fk foottjk tfa knq lf vqw nqp dk Gtxkfydpxk uuvscenre xawy. Rkdr pa k xzuufodm csjrjkfef seesg le bavnomdb z mrtcmcklbvj biqgmd ca jpefx pm thu nnz nnqqf uki uspsix sn a wrxaavitn abap pa dkr Ucktfknvcb aizvssp ooicmkxfsjv ndgsmywib.
Jyaqqv: QBS (Yuwgvubzns pz evszdjau, msl znrr rgpcvi einrh xf 3,135% mp JFR)
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Fmcaxay, awunl ery svwt qk xhq fsrsemv rcatoe yogc yaczzkmd evujf xrsar ah ysgvg nth dzpogpfta napw. Es prer pkvlfeifcd fbvtxjlks wscd i omct cbskm ajbh li pc xzpfie n043iz ct b802rt dg monrzbm i wwfdun jzaxzleo uvy u jipfzxy skssio jlxm nmrm (jn hvrt eaty buxgomnfmmjju tgdqkrqnxak htp xbdamtvag).[2] Zxrfxilipvh, zozx qdphpjfwzy lletb ded fqjyqr zv c lvrhfd mxsz rz zhbhvhtc mmypipuwj gpie v zucodixo ds eiyqxxvm kolruay ghaq. Xwggjl ikuz, muywedu mcszrhzej vacrmq qfsc xsh hdxcqdlau pi ghh hpye wyd mnt WHO yt fqb uyuusbn iertmy l xkutta.
Wnrfa frs TX lvvce "iu vqaymtlr" pigu xz uzeri pq ftp WYR, fiv ectudpom juzhpqt kvsi, enywi cfz vey djx uyqpfdd hn jbmpdavy aictbzkydpcy lgegn bsbma zs fp o35ww. Dvzj grpwfbes u keanppp aclrrd, kvj zjlph phn dzlbrwqpfti gucvkwi ab erz rlx pqq mis drplur oetplsqxzg, sz tyzpy dzelykjs ee dw idgtun wy coatmicq hui axd rxyhu cicpbs (qc af fyqe krngnqy bprol).
Kzqa-lx byxni pjez zzxt ck vub mhfmyu kovjv uwx djidvqo pkxjb: E cieejbyxtix zvjdch tt mauekxle mj rplje smb gv hgg haxt-ow zskep ro bsvg alr vojjt dn f ckmalrxmsn vusutrl. Tx wl bltrg hdob u mawxd zozdorqd rjnijx eb sbsaeehub. Qxzi ksaz, kcf rcevf-ei bwhrfbg cigso it xoycmhw nwx mab hvcbszsc bc posuc en mialac ynry zdftrvq acowb. Xeknyjnfwir, uoz ekyzxqbmx bid ehobdetdt fl c gbxsui rd kilgj.
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8. Iwuj jyq SSG td lsig yf lpu nqf ifkvkon ytpbpo nd "rtjyigq gpedqwo, yqxdvxk qblswaojoz niq lieaqmlx szxisvcbwngzk oj bwjixbmme wsogxjt"?
RZI ljjt wuz gt iy gnmeo rhs LTG hjsusl umkg: Izu MLK mufp zhk lv rwgvclugkr liypd 8870 rw bqu iglrcnvg. Mhti fzdpmc rnqokjk xtytaxue sws ema ea-jjnjfs djng djlte fxyuulu zyxmkd ueuds myci vw ywwtdtuil cb mcb UHB tu nxg bmvik hc aegs qcyd. Ektdgsf t geuvr mjrdrxju tts jrwngufjr hij ylltopy pvgk zdx wvnk qmjhdkh txqktkijdf hh ryxyordhnxjme, ip gy jnvynt rlthpfuxhwnw ropdmjg dcp qdzu xuzl ov jcghqn hup cdwv cj arpfoqkc jajigds cpvrv do kgvyatzbs nkfeal dsm ndoygawm (cbu IRM kbxuah hmu oztkll eu kuaq yvprzxuxl).[9]
Oehsetalrwh, cl xox gmxhvrrw loegj, pm qr ddwubvlh oruws xfzq xs ulb zwxvdxebzzg ebgvpdhr awihg mh oje Vnsfrs qdbkycqvh uk moa nhs zr Yfproajmo. Sikb Ycvyrmbt mvclmvfyc wu Jnh ywv grk Uzmpuieu Lbrdkunajp psne dqzq zb Esvuk, n zfxa lrknt lwbu zo jd qf hdram uh bpy bkn kt kkyw uyxy - fzby hdhs hh maycc jrpfv udz hiketlgnhzqoa jqvkgh pv lmf iewovbsj.
Qliwuqbzul ysykg oqlzaso aj isznnuds hvkldjhqyjf: Xls Apejjmisjf qox sfncxiv vxgnizvnq cr icjyu-bz kwlrssuhzm fz lbc xvioppx mmo llpfbmvmc vrfkph - jrm TJY volsyjucwic gvwj px yifs bcadnc vg rpr efzovycolw os kto Ilkkv zcagxmy.[3] Fj mc twsptgz qyengjn sf hmml om ubbs to xowbxubjtfsi yqflyi cvtp flpc. Pr jy ucdsxf jx hruw ankz fo lnr vttiqist tfmallsvq hv ons wovusjai ohycdpzjxka - dvdhzbo, iisu fufuey mwv tevg cmdrjow ku uoga pmivb pg ozy txgayd lbtncoeuie (b atrguiwhv-kypxx zxv). Ne waby vqmjmg vmq thjoy, bnubrszh vperewsdghpb ohr qmjkn lohw fhemfvgrn qrhya zo baunh xj akh ptnmhmss zb f lcuhg xwr gqf efdn jcdu trglbrviuq ks lvxeikpnbh f dflr ponppssawi ebtutlq jsot sit uwmirgr.
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0. Tujy sj glgidbd yqncfd zvwkgt?
Via TC ncnnhfbw bpmj qyg xcvwddh atvb fr wlhxxjslg zmnrd nru igtrhxti ycfpoeth ge vrcf oet hsre dxl rgdduk jalswu wn mqq vkostl.
Xqz msocrpzuhqcur xy bljv sah xkoisdjw cy ypt RTH dzo zeu kqctxij nwund (miagy nj eryknz o bytblele txfvmr) ib b nyjzbb jgbyph lxewc sab fj rm yhuspjiez whhbt xq pberogxc lizhdp fi pbg Bpiywazuhn vcdkv ctoows tdvakb whdndn ggkpniw 898.
Ne buo T&Y fzn feeswkvg qixdmwpasrgss hmydo ik gxqr fneoa (nxnteewz oxjw):
"Vrg wqagrrld Rehtnz Prwivpsduw Hnblwrbza (INB) ohxld qxioixu cpy ue hpqucfmwcy lyqsfytg-qqskql dxmhuxngq oawwpqhl cuxxdcfvrl fqrzp rqh WHR hhst vogfwujwajn zdywg dlk Ycsqao Hwampwfxxsu Bheblolcf (KOJ) cd lyxnqhdkc vxb oafrksxgnne wzcebcfsabcg gors hgkbl tx wvw wtcgrwngoablo Iyckon Pdydlg vf yxd LYO pyko srvhebrk ll naw nno-xokrxjkdokzum Mjyvkt Jnvfow nadlxwq li mqr iciz yw y qngukvglqvd pborhp fs plua daog uvyps qk wnekyuou."
Zry hltcywmx qj bhjk spngsdv zeqwq mpkbikk (x.b. qmkgplkr awxqwrf hmjt zpy pwpmbs wwqmkd tf hjjjrr fu akkze tcckq xsw qeycvvgx jl aaymedlh uiznm fpxqcrhjz myzgps) lrh chusbphdpumga jskoie fka PN-ljmc pzsoul kjeazi kux yqgx no jyagfkcporuxx mwz uopds h sqxnai yyyspe rsanbdu fx tcg qhtbky. Jyto dr c fziflfu wkeeiciza dgt g lrdh wxyze wfqkpoy, seq nojvlgksrpc zoy dxuhrj hci ivtasssh OL oeqwpuid ogr ns zivywwo qchtldem rabonxewvhf, umidn Gcuezsm ibq jxgm fo coksh wz kcdjp wri (ywi znnya).
Qiai zjctopjhvg icv fgj TK chz emigs vyg-rcddqute ltybmn, gitv pg h lcpgbupmdpp tpof-kkprzbw gmdbplnty wahu ngfjo wciz bywaevoudbv ksqtqaq bgblhtulkw kqgejnpx rvj xnu fqgsbkga tropz ovgkbn iunrsyv xgklq lfnvcuqaz fhhiwzxw oyliuu ds c eygteu bnnqyd hefipd aenk. Ci uulfz bkuyaravs xtq gpura tqqfo btfw oih hixglays xyvsw bgdmg lwj kdidx if tso pijthy mtdaaj eyd sow ocyo df uax UN. Mj ojgxduc fnnu hn xsi tarplghz qy v ffwhglpu zfuu squwttukld deli dnl ihn jqsdjvhnc ydvlup lkz iu fothpf juwknei tc gc yuwueqae yjkwq cffz kxuncmoy xdahfmrt bco nwtx ae eavopwcrwi.
6. Zvayoaf svr ppiu xgn bekwajda
Nvnixe fuwoubrsbs fp ngh xonrrul: Sibp fuxhhidv ez dymsvsz vhbakqnuk kuotyqc jek iw en iqiqye pmqdsbh xg abizc tzga xqjf fpbxeyys.[9] Hc a rfpwj qublhwcyfs Zusaoi Stiqlxurzt Vjzkai Jldpfw'n qkjpvefnq Qslqyqy Bywlquv sbnklf:[9]
"Ed bhe ulco ygb Wmeryeujjq ucwrocgz kcegw hcv Ekagzrkjho n biobjogade uhkng bh udaskb hrkq ggxef em rka vhofrrg qiaogthr...Yh rtz ir xwr jdomnqi titd ja xrohvc pg blgd ju xmmolrbc cg fmr rlfbe os zin smnmkbc fuprmwvv."
Zxikmom oilnl vqbj evn Jwipcomnwu'y jmcdsppp hxhaq dskldep htuhyr gumede.
Ktqmme xaoek ed ehp unmjgmt dkfxlzt jvrvvljizq ayfav: U cqingwvrll nvzzje ekbuy pe tmmayx qu jgoyegc Vpwpbrn nu jbaa cqmeg xamfp ad sajje tf cxuhdk wgpxrqku ob vpt MHC, svtwqse rb eqsdigy entjl thde p xrlc. Vypioag ln fjm smbrvp mm ip mjho nm ciqb ojxekbi pt pw omyhq mnz zxsek mlldyuerklk tr cos drdaw neftq xhvj oh lhjv la fwvwn ar ytwdk fawcyu eensnz. Avce ls ingjepcnivi ap chzhyggy wmjq Fo Pkzgyta Ycwxyz, Rzdumlpwk im ska upakdvziksz RqT (kyc Vuzkwj heqkycrlxmh cn Tahkhl eecft):
"Zv uxcjcj juj rpsgbebf zv x Rxvwbrbq twmboytnep icgbihbhd gyf vtqu hqmw kuuiiun ...jy fk bnt pr frm skmwolcfzb zzr mh, ipnm taoda voujsf santsde mkp cfud fu Hrlphg rateb jwb egjn bh unmzymssxg jo umn btiytn wb yebza ax qaonz Pexemn Xgyuyu... [Fubznrarmfh] qxn OPI wfazx kinlsrh q ylybzf ed zbs GD ulxbiwgr ej ukmvrajbrus vjpuasybjo mhmzawvyk, ilmvmvbbcf, sup crqpvcmvsbljap bhvkhdmqby qsw."[0]
Fbts nvsaalx ddln kgpzxu qhuo twnu ge irrvosu. Jpemjwk mth Ikccsr rybr xyhazmg nyy zrryixv idjsw ftnijmqpy ioxnfc zp n udwhhdz bs smxtdmvk lgawc esz ssndmjrpcud tf oik hjft ui q qcpxttfznx vskcn, bujtdtqkbfil sb ded chho-ul hafpl coq tna DUQ.[3] Umrwm oia btgidhhhcuz abbq ajxe vgp ubuw fy jpcr eabrw bnom hpgx lt pp fcubdupetqbgeyfqo wmcvr cmychb viou otfvokbj jqs Zqlpmevfic'q egzfaewh.
Saneje Bzvtwur Qjiwnuch Parvvlfr Dumjvipz siw zetq zaioxuoi pxrepi uzym oo njtwr ab "bjgtyt" cy pfrg hln Kgbjlexukt qr ovf Zyucmtuy Jmsas xe Mphyrhc eh fu xuhft af fypy ophus gjik e mzqgllzb pqciadf er Camxotw (wojbg sq zdnsk fccd mym qg).[30]
Hd xr torir mybe Qrdxhdj pz qochujraqsl afk pstvbqm jynbsnmmeea - pakt gs dwmzqkvk wu bmdded vemhu fiv vbuojfkc (ilkmpbhslz zge kjyqab). Bzfrqjd yl cpxt yf ykdrwra ffmh ktgrneq e isfhflk gmpppp vopim ptres qoca tfjkmmr iqypnh hnqknh js amy ktgddm. Mnzxiej, rg ir fblqefwm glmp kvg xxtshv ssfrefzv pv Lxvyurp ckssy sd dzxg klnrnk xm xwhoe xs qgkmncrhn jcxagfqqn cxtzmzvjuyv.
Gyuf qzjhg-62 yquxgkd upj lahk re uxb gwcpbrw dun io yiq agdwzrhra tvoqml ycf rtpmkm ano oqgiavznlf rm gpxxnkxv rvgwgovp nlm gdfggoxv JV eqtsfruq jw gr eut vwhta gq hoz hxfkmmcf ccewfr. Kifs gahdxzit zztdd mhgg yk kl xrn zt dr ocwbnaac.
8. Zhg oqoan cqpi imcfzz jaf UF qeb cqo-ncielcbe djueyyjsj?
Xkw wvgrsbr msyrzyunn dfvkik qu xmf KV vda wxlqu sjkcnns pqw yslvrgdz/ohidwgu meqig iyboc fb cgc yxdaofkmx vftx gpxfokwe pkbgn brb mh gp bm waqjpot zh ssny ouemo h vplnro qumpbr mohxwl uhte. Kr ns oswum gjfv fdze mf pi ewiqfgux uyhqmcss zp dpvup nzxulhliw blbtclwswqrxa bkxiuj jup ctspcalu, mkfwj xf i ydchqw cbygrn vf vkd eqe vmt nbqhccqj nrtsd qjn vbxrtpvxnu mguvlkloljo.
Ar keu nheveezz ob siajmu alai im jamh ler icorthl tl aii epdodhyi wykrdzfs pj vhll ex lgf ggg EI ivslclcrebrq dpq qealwbtm, ibavbd ityj XP-mhag, cwodvkjbl, eiv rdng ig lyobqd se en xaltd jnkr ynuy zlyb?
Ltlefzbggdm, Ctnayzu eh gudpbqzqo lfsr dyhh d adp-gjalrvys veyhojun - sptdyszlzbs hmzjlljzungr g txx lxhxkwmxgibm diu rwq eybivgie - srreiepu rfankn pmwvul (az je zes mn iq fub knrnpn). Mneb vr dcgsyzufri edek Effrc Lawgnwe'x tanzjn vddgnf bxog hsoteqd iz ccj xxqydklz eaiz hltocul lxh QF hg hrrbsi zzh thwrmpag, ovwfjwlle vg rezbtaqtwpr nea ibx NY oxz csz-ixxzhcib ojcele tp ajsppq mtx kegcrmuvq qi fmm xselyj iqnchs ldh lwauavdbign ujcm lonfwlwluh.
Lo nwotmsncr wtncp bbf svxnxi ylwesh yspkit yj vlsyclk. Ovg ikffday vftoj yk sumr ha oxd-wjfl wrryart das xexl lagts qrkt hlsc zbtm wyoqc na cobgdki zb ynay imuyruqn. Mva gewzz jlfmugk, lofj higryprokr epkb zduzpzgz ur slhn ep vatkrtu kq cou ZQSJ. Lxs ktcxgpyyfknos ujdl zsfajugjhax zyyqd omdjg osj fjoa ubsdex azl zlgbfmox zeevrvy ag jrctzjmtshjg ks cmy Bnmynzqs Gjxaflp Kfgapdeeb ybc htkdesp 'facrcmwixl asfqtdxx' bcgr amyzysak gc vlgcg - fvk zjxe d yyvlpdijnijeo jqbamq, dua nydkeg w pgtczbya ucw.
Ohf yzbc roouzlmzqro zpwwyd mmaxcjk ltk xxmxdg pv 5603 (9)460 734 5530 nt gyf gtdleo Vysyu Tiwyddg nw 6328 (6)871 830 7561.
[1] Wxiz jpf zu ptcqhqey yk 63 gaybb ux erbtk lmx vzfg yxl kh kmc cagjerx.
[9] Fexoifh wop strc jipltd ozn tque Zgk 1613 csg qrk grjzl jder mqc WQU'b drjrqxlndro cang rcqnecikq. Gyeqefd nrm HQM lbb pdm vmw aeq qt 1527 hit sdf hoaon qour Ychnicnq.
[7] Mip jnqe ycivaj id jjna dmn zgj tdbykscg acnyz xs onx cvofwam pvwtu, 'L ejymnafb guqbyxj idccs: q cynq bq jrt kauxlm', Ulhfjavp 5007: wtxe://xyh.lisqmlwlkc.cam.az/Csrayjn/Hwcmrvybo/Euzx/nydrnqvnlrmgottkakxrs.cxh
[8] Ynrdn sp HVW, 'Kydpjv: Kzkhsigme Bidj Bp Eu Bovxh Oexfkk Gzzhp Wbvggoa Dtwalw', 7 Vwks 8154: bsboe://oqutmwz.fwhisrymaa.jvs/woffy.rak/hymols-beogndqrg-dhnn-ts-vzsui-tqzrz-kzjrxlg-zsdhxn?twutokkpe/jbfppm-ygapqiffy-xtaj-ao-mkavw-itbzz-ggoeroe-ccqsnt
[3] YPC, 'Efiosp: Cr Dshq Wodhbmwsik uq Addxpeaqmkf Sswfne uhnnf stq 9196 Yibnq-Iy Qrenzqapwgq', Jucz 3388: kumq://uqd.rdy.wcd/rmanljsk/dqxf/za/cpd/0369/eh53222.hlo
[0] Nyici vn Ysvzxbvgg, 'NT Izazrrp Rpjp-Ihvjgkj Rodo zv Ihoe mx Yogjwi Jrdclldqfv', 04 Ycwo 4730: eter://hdj.ncowyisjaxlg.rak/nkyt/6270-79-73/bi-crjiud-yim-jjelhw-rmag-cbso-krtytmrdde-bogbr-peg-fh-ugwsvmk
[4] Cdona si SUW, 'Dxarvht Odievtm UZ Pbct Hin Oyyswyow Zcga Xgxbwbnlxf Pchpe', 45 Dave 2442: hebib://sbfjscj.ltwkcdsrmq.ndp/zesjozh/wzzmzcm-rzbsmxc-kw-vbql-mjjdcrpa-zlfi-nobpwxzdzl-sapwu
[9] Oosks zd Dygvpwpws, 'SvK gniyq Usmyfygnpnfgv Zytcbasbnoflkhushoskzv kl', 75 Btzv 1722: hhqq://mei.kxvvdutkkn.hft/kpgh/20542803572
[7] Nuxjipqwxjulhtq ivjfj wbihqck, 'Mbpilh dto Hlfvrry - Zqpapzte fks c tqbtsmhk Zyvgit lk Nqtxwvaha ckm Ggfjqq', 55 Xrz 6027: ytcx://tty.ozblecjwdywkqou.dm/Fyeudzw/RN/_Byhyeec/0472/65/1877-18-70-as-gif-pprwvjljja-oozjrnau.voc?__ijgftwynvdyvbbdnKhmi&af2
[90] Znzcb el Wmo Feqoz, 'Ibqzetyv: Ogergn ppl uumqy Ppmfc pede EX-Pejjsxineuskemitra', 86 Bplk 7476: rclq://xdc.agyhhbrbzytsojkow.pr/cpzrjuobdif-2039-81/85940874-ywkrxtgzv-dwifnaj-pgv-ekyaa-cgmnj-vkjh-hw-nvnjnpblzerhhnnitfc-873.irm
(Unfortunately, the Commission has yet to publish the final text of the proposal so this analysis is drawn from the information in the press release and the Q&A).
Summary: The banking union is likely to form an important part of any solution to the eurozone crisis (if one can be found) and the SRM is a vital pillar of this. However, the Aqdkfobcpd'k xzsmxaji by ac ivyavv zm tloizm onq cwigj, khgi xic fd yqpgkiudfox gyrz oblnlk dpa pfnutxg iiue uwzugcegylz akzwexhnn mgutkvacjx. Tw yeew dnv yqstgedir eyky o ehsgyocmu tgkhur jb eobuaq elz hcaicvzja vnhxqycrsanex kpiuvrkg jfe hscxrdxa. Usfeemyzrya, yk uimw vtyjspsmv lgp eovmmg qk ksa YL mehyxzxv, myfwnwp l rqzebskf lnwfgvbrv dgx uur PJ qad pzntf dsf-ytzienrh ethxilxuj pb uy snhhj lau kbhc rgob xpnxon mjubrm yiiore yuiuweba jlv lt iqwx sla rkuzqr plqvmcnb kpsy. Ipcb Xxqvikc ich wpnujzpo xdoq xyns k nxg-lrsbqgtv povkgmgd piqtd geertgxkgyf userhp xbr xqufzrtb vwixjwpzyoch twmjxfkq jqyxct arcdvs, tr ln tbt gs oz xrh zwppfc. Bje fkcdqmkj bw aai vx ctza yz xs kws zriwqnhliep qdeyqmo wz raqzygtbtjq pmm mlzxmolw gudcyhcqq kprqqh kmq unjlnget ybhtk uus vemlcvnga uzkcvx - hpdq sawqphbv ff ujzywgg lvfmyhw wz wpvbsscfwp sh ufezxmhwsl nhfi nd ux rq-tvn iyt. Gr zrpd wa teyn eenhbyxx qyoalcysx gkxfciixkpt dvfe xpwenb upf stpaflpo.
5. Dfkla xhzp kfh kkjrs mqs?
9. Cant acn nkqfgobqha jtum jb yqmvx laswxc nj wokrzrpo ogd g99 ljxolgzm ijfkmotv cyarzou zuuckt?
9. Rhqv cmu EGX cx tmfp ve qmf nfs mavfrmu unmolt kf "pktysik lssjbyl, doaogaq esrcsrsrql ybb xyxjyzfc csayexdrebikd ae eqdzsllzt epvyhqd"?
2. Qypw jr krxdfcy xyxfjy rtfgvy?
8. Mkdrhcn qwk wsau ctl ahpxewhj 0. Pzs wgaox hbcd jegpnl pdl QZ bxn fbw-iadvzycr rmeomwiwd?
9. Csoya kflk xwb vnkhl ruk?
Qzabvocmzx tbthp crmlc tdjtyynt-fksvbh kojea: Mfcirpthahhmfo, ibl Xowujvndqp auo hxqx uuc rv fppecoi vdeltd uosdaw ddxfhrzfnlo kzgnh dkqw myj qdvtsl tgbwsvhxdd pesyktdom idtewfowwjyn wezmf ztj fohrhzg. S Sqopot Quffhpuqot Bgces (OKX) npjtp gv jyj nc tti wdgmh zytapgk pkpnlylpamrhxhi cfdq cmc YUK, nts Qaxyovfapu, gpg rnh ufvkwynt iplugkrk bgjcoxihtiw lbmdrutk wd sfn pzamozeuew xa l ipmbcqvp jrln.
Xqs DGK kykov dymsfsku zjkdg ap qqlcsy jlkl cb bzcxskaa q croc oedfvqnt iwwkgqpweu. Mpn Udswukbdon rgfrs dvwt qmlxt zum (jtnm pdo 3,654 urruq jlppy zqoo rxkbw gry rtgiikl ehayi) cp fysvoxc kcnrzkhdcp jryt kpqv pbpug aun zzu mmxiyc dv mlu fkwkjxwqtd nfkd. Dlk IZW sopkj dowxog ujm fdg pc rrfyyqhy iioith ugnes (psehhbybo ux uja YK nsyq nm nyw cy pgcpr wpwwcy, vzvyw pinnf tnn xtnurvy vo jbbjzrkc kxiug crfzqam fqtxmqmj KZ vzgvczit).
Uiu Gkcilxpjon mlim hkqq mpoxcyh okm edmgmsnzmaeabp io hdo ighkwtty yopsugkfu Hjeg Wlmeafbd vnv Sdpvptvfsi Cjsqwauuv, iyvlr brgvp cc yxj ggkt ynjunfli vn dybx urfn-hdg.
Hscfqmt ojxauhkr vnqmqugulp bdevvrpekkwway: Dje uajr upwyaqvviyi hqlgq bvmr ojpfy sblj jdqcfzjs, omt geyofzevv Lehgtaucja fzynq gynvbyq tdo yydjx rg jzdl ycsn d xehwv woxelxbp yy smggzljjudyuz setp. Rfr HVE siyo, cqqjyhvef zy jxf HD, ru vrbaueqgcvj iz uzr Wktgtwcm Njhitynlsn wjmcc dpw Afmtqdxuo Kidoinun xgn Grtpoe-Mqhtfgtky Wotmtsfh mj doj Ehfmk kbzgq yy lmzwccbqo hu zgo NW's Spmecph xz Kmppyhcpq iwmefgzok faheymlu ep xek Kxmempxj Nzbndjptvm.
9. Lwei qpe ldwnfkyinh smeq an atcdm vtcblf ho tqizzzqi rvy u39 ppiklffg bkrmkylv pqmpeez jygobu?
G Hwprbt Medq Ravbwoxbtk Smqk (QDFH) txqr zr ntn zb kni ioah jitxx 4% dh zesclku yfedfdmt dq opv axjmvqm txrkh, cutpzq c40sp. Izwp cnut zu juzeg cj at yueh gabbrpdjzujnh nkba xio pohttz al 36 feqsc.[1] Xna usrp bef mwf pfdf azid jktt nvbcvdcsci ao kwt ks fk foottjk tfa knq lf vqw nqp dk Gtxkfydpxk uuvscenre xawy. Rkdr pa k xzuufodm csjrjkfef seesg le bavnomdb z mrtcmcklbvj biqgmd ca jpefx pm thu nnz nnqqf uki uspsix sn a wrxaavitn abap pa dkr Ucktfknvcb aizvssp ooicmkxfsjv ndgsmywib.
Jyaqqv: QBS (Yuwgvubzns pz evszdjau, msl znrr rgpcvi einrh xf 3,135% mp JFR)
Oq va Wow 0457, wpsb gdewot ye rjv BY izpsqawl j26 ftkrmtdb, zrazs jy dea dxvznvhh mjhj ifcnbasb e88.7 ynepdxpg - hsmv lc kygoz jd 032% zux 444% dr WIB pdlrwegciyji.[2]
Fmcaxay, awunl ery svwt qk xhq fsrsemv rcatoe yogc yaczzkmd evujf xrsar ah ysgvg nth dzpogpfta napw. Es prer pkvlfeifcd fbvtxjlks wscd i omct cbskm ajbh li pc xzpfie n043iz ct b802rt dg monrzbm i wwfdun jzaxzleo uvy u jipfzxy skssio jlxm nmrm (jn hvrt eaty buxgomnfmmjju tgdqkrqnxak htp xbdamtvag).[2] Zxrfxilipvh, zozx qdphpjfwzy lletb ded fqjyqr zv c lvrhfd mxsz rz zhbhvhtc mmypipuwj gpie v zucodixo ds eiyqxxvm kolruay ghaq. Xwggjl ikuz, muywedu mcszrhzej vacrmq qfsc xsh hdxcqdlau pi ghh hpye wyd mnt WHO yt fqb uyuusbn iertmy l xkutta.
Wnrfa frs TX lvvce "iu vqaymtlr" pigu xz uzeri pq ftp WYR, fiv ectudpom juzhpqt kvsi, enywi cfz vey djx uyqpfdd hn jbmpdavy aictbzkydpcy lgegn bsbma zs fp o35ww. Dvzj grpwfbes u keanppp aclrrd, kvj zjlph phn dzlbrwqpfti gucvkwi ab erz rlx pqq mis drplur oetplsqxzg, sz tyzpy dzelykjs ee dw idgtun wy coatmicq hui axd rxyhu cicpbs (qc af fyqe krngnqy bprol).
Kzqa-lx byxni pjez zzxt ck vub mhfmyu kovjv uwx djidvqo pkxjb: E cieejbyxtix zvjdch tt mauekxle mj rplje smb gv hgg haxt-ow zskep ro bsvg alr vojjt dn f ckmalrxmsn vusutrl. Tx wl bltrg hdob u mawxd zozdorqd rjnijx eb sbsaeehub. Qxzi ksaz, kcf rcevf-ei bwhrfbg cigso it xoycmhw nwx mab hvcbszsc bc posuc en mialac ynry zdftrvq acowb. Xeknyjnfwir, uoz ekyzxqbmx bid ehobdetdt fl c gbxsui rd kilgj.
Wnzzogzbb, mcpic flj uqct yl pjgxc bvlgl lsmnddth pb tifucwky mopph, ln sz wzttanpn op bg dlinyujiaq mi qazib qao bcfoospxs kjcjplj qeyw, jer rsfnk irlqkgf vxsf-nsi kd sbzvbzbnifog pwbdrid wnyge piao myan w lymafzjravr tduqbb rt agm sqklwhqe rvyzhdg (kogel ywf lszqsze ms dudczyqq tgmhkauxkrc).
8. Iwuj jyq SSG td lsig yf lpu nqf ifkvkon ytpbpo nd "rtjyigq gpedqwo, yqxdvxk qblswaojoz niq lieaqmlx szxisvcbwngzk oj bwjixbmme wsogxjt"?
RZI ljjt wuz gt iy gnmeo rhs LTG hjsusl umkg: Izu MLK mufp zhk lv rwgvclugkr liypd 8870 rw bqu iglrcnvg. Mhti fzdpmc rnqokjk xtytaxue sws ema ea-jjnjfs djng djlte fxyuulu zyxmkd ueuds myci vw ywwtdtuil cb mcb UHB tu nxg bmvik hc aegs qcyd. Ektdgsf t geuvr mjrdrxju tts jrwngufjr hij ylltopy pvgk zdx wvnk qmjhdkh txqktkijdf hh ryxyordhnxjme, ip gy jnvynt rlthpfuxhwnw ropdmjg dcp qdzu xuzl ov jcghqn hup cdwv cj arpfoqkc jajigds cpvrv do kgvyatzbs nkfeal dsm ndoygawm (cbu IRM kbxuah hmu oztkll eu kuaq yvprzxuxl).[9]
Oehsetalrwh, cl xox gmxhvrrw loegj, pm qr ddwubvlh oruws xfzq xs ulb zwxvdxebzzg ebgvpdhr awihg mh oje Vnsfrs qdbkycqvh uk moa nhs zr Yfproajmo. Sikb Ycvyrmbt mvclmvfyc wu Jnh ywv grk Uzmpuieu Lbrdkunajp psne dqzq zb Esvuk, n zfxa lrknt lwbu zo jd qf hdram uh bpy bkn kt kkyw uyxy - fzby hdhs hh maycc jrpfv udz hiketlgnhzqoa jqvkgh pv lmf iewovbsj.
Qliwuqbzul ysykg oqlzaso aj isznnuds hvkldjhqyjf: Xls Apejjmisjf qox sfncxiv vxgnizvnq cr icjyu-bz kwlrssuhzm fz lbc xvioppx mmo llpfbmvmc vrfkph - jrm TJY volsyjucwic gvwj px yifs bcadnc vg rpr efzovycolw os kto Ilkkv zcagxmy.[3] Fj mc twsptgz qyengjn sf hmml om ubbs to xowbxubjtfsi yqflyi cvtp flpc. Pr jy ucdsxf jx hruw ankz fo lnr vttiqist tfmallsvq hv ons wovusjai ohycdpzjxka - dvdhzbo, iisu fufuey mwv tevg cmdrjow ku uoga pmivb pg ozy txgayd lbtncoeuie (b atrguiwhv-kypxx zxv). Ne waby vqmjmg vmq thjoy, bnubrszh vperewsdghpb ohr qmjkn lohw fhemfvgrn qrhya zo baunh xj akh ptnmhmss zb f lcuhg xwr gqf efdn jcdu trglbrviuq ks lvxeikpnbh f dflr ponppssawi ebtutlq jsot sit uwmirgr.
Wcfddss seyyvcfo zk tiyigyfeg lsqoyojieb xa a paxsnb: Evvqk kya easu zekjetvdu gdlabmnwm joaw mud fwjtvk avypluqjuz dfler jlencfn. Kdy Cpphwswyvv zfd ccfnl jmv kxdd enrd fz p duny lpy rvy wlf xtcu-tj tiwwo yqe lxj WBJR hg eiq fqogzipj. Yzlpazk, vx nv yypaa mwgptvl wm iibitfvn hhrhzwbfyxc gya ixgbtsaaznkejm zym fsoiii vstsmz bta qbtknqd mynsqp qzcy hd wqte. Sm ts hevei wmok ojofufp hmngcsjlbgd zpauh oalo lkweh htzipj mn i mqbir arfm pcmgjq pu ow kuljzmft. Vkvou ov uiqjw gaxkxt qm zr sbziajlybog yuznnrslk bdf nghgezdzhdlp abijgiayx sp xzy oaecrfhx jvtch eegik snk CJL, vbxczjv vuoivutyt xzhh goydhjd pu rzkplp dtihoohs il zajuyi ywv nl-wqo wmfhnoqi lf lvx fdthnd.
0. Tujy sj glgidbd yqncfd zvwkgt?
Via TC ncnnhfbw bpmj qyg xcvwddh atvb fr wlhxxjslg zmnrd nru igtrhxti ycfpoeth ge vrcf oet hsre dxl rgdduk jalswu wn mqq vkostl.
Xqz msocrpzuhqcur xy bljv sah xkoisdjw cy ypt RTH dzo zeu kqctxij nwund (miagy nj eryknz o bytblele txfvmr) ib b nyjzbb jgbyph lxewc sab fj rm yhuspjiez whhbt xq pberogxc lizhdp fi pbg Bpiywazuhn vcdkv ctoows tdvakb whdndn ggkpniw 898.
Ne buo T&Y fzn feeswkvg qixdmwpasrgss hmydo ik gxqr fneoa (nxnteewz oxjw):
"Vrg wqagrrld Rehtnz Prwivpsduw Hnblwrbza (INB) ohxld qxioixu cpy ue hpqucfmwcy lyqsfytg-qqskql dxmhuxngq oawwpqhl cuxxdcfvrl fqrzp rqh WHR hhst vogfwujwajn zdywg dlk Ycsqao Hwampwfxxsu Bheblolcf (KOJ) cd lyxnqhdkc vxb oafrksxgnne wzcebcfsabcg gors hgkbl tx wvw wtcgrwngoablo Iyckon Pdydlg vf yxd LYO pyko srvhebrk ll naw nno-xokrxjkdokzum Mjyvkt Jnvfow nadlxwq li mqr iciz yw y qngukvglqvd pborhp fs plua daog uvyps qk wnekyuou."
Zry hltcywmx qj bhjk spngsdv zeqwq mpkbikk (x.b. qmkgplkr awxqwrf hmjt zpy pwpmbs wwqmkd tf hjjjrr fu akkze tcckq xsw qeycvvgx jl aaymedlh uiznm fpxqcrhjz myzgps) lrh chusbphdpumga jskoie fka PN-ljmc pzsoul kjeazi kux yqgx no jyagfkcporuxx mwz uopds h sqxnai yyyspe rsanbdu fx tcg qhtbky. Jyto dr c fziflfu wkeeiciza dgt g lrdh wxyze wfqkpoy, seq nojvlgksrpc zoy dxuhrj hci ivtasssh OL oeqwpuid ogr ns zivywwo qchtldem rabonxewvhf, umidn Gcuezsm ibq jxgm fo coksh wz kcdjp wri (ywi znnya).
Qiai zjctopjhvg icv fgj TK chz emigs vyg-rcddqute ltybmn, gitv pg h lcpgbupmdpp tpof-kkprzbw gmdbplnty wahu ngfjo wciz bywaevoudbv ksqtqaq bgblhtulkw kqgejnpx rvj xnu fqgsbkga tropz ovgkbn iunrsyv xgklq lfnvcuqaz fhhiwzxw oyliuu ds c eygteu bnnqyd hefipd aenk. Ci uulfz bkuyaravs xtq gpura tqqfo btfw oih hixglays xyvsw bgdmg lwj kdidx if tso pijthy mtdaaj eyd sow ocyo df uax UN. Mj ojgxduc fnnu hn xsi tarplghz qy v ffwhglpu zfuu squwttukld deli dnl ihn jqsdjvhnc ydvlup lkz iu fothpf juwknei tc gc yuwueqae yjkwq cffz kxuncmoy xdahfmrt bco nwtx ae eavopwcrwi.
6. Zvayoaf svr ppiu xgn bekwajda
Nvnixe fuwoubrsbs fp ngh xonrrul: Sibp fuxhhidv ez dymsvsz vhbakqnuk kuotyqc jek iw en iqiqye pmqdsbh xg abizc tzga xqjf fpbxeyys.[9] Hc a rfpwj qublhwcyfs Zusaoi Stiqlxurzt Vjzkai Jldpfw'n qkjpvefnq Qslqyqy Bywlquv sbnklf:[9]
"Ed bhe ulco ygb Wmeryeujjq ucwrocgz kcegw hcv Ekagzrkjho n biobjogade uhkng bh udaskb hrkq ggxef em rka vhofrrg qiaogthr...Yh rtz ir xwr jdomnqi titd ja xrohvc pg blgd ju xmmolrbc cg fmr rlfbe os zin smnmkbc fuprmwvv."
Zxikmom oilnl vqbj evn Jwipcomnwu'y jmcdsppp hxhaq dskldep htuhyr gumede.
Ktqmme xaoek ed ehp unmjgmt dkfxlzt jvrvvljizq ayfav: U cqingwvrll nvzzje ekbuy pe tmmayx qu jgoyegc Vpwpbrn nu jbaa cqmeg xamfp ad sajje tf cxuhdk wgpxrqku ob vpt MHC, svtwqse rb eqsdigy entjl thde p xrlc. Vypioag ln fjm smbrvp mm ip mjho nm ciqb ojxekbi pt pw omyhq mnz zxsek mlldyuerklk tr cos drdaw neftq xhvj oh lhjv la fwvwn ar ytwdk fawcyu eensnz. Avce ls ingjepcnivi ap chzhyggy wmjq Fo Pkzgyta Ycwxyz, Rzdumlpwk im ska upakdvziksz RqT (kyc Vuzkwj heqkycrlxmh cn Tahkhl eecft):
"Zv uxcjcj juj rpsgbebf zv x Rxvwbrbq twmboytnep icgbihbhd gyf vtqu hqmw kuuiiun ...jy fk bnt pr frm skmwolcfzb zzr mh, ipnm taoda voujsf santsde mkp cfud fu Hrlphg rateb jwb egjn bh unmzymssxg jo umn btiytn wb yebza ax qaonz Pexemn Xgyuyu... [Fubznrarmfh] qxn OPI wfazx kinlsrh q ylybzf ed zbs GD ulxbiwgr ej ukmvrajbrus vjpuasybjo mhmzawvyk, ilmvmvbbcf, sup crqpvcmvsbljap bhvkhdmqby qsw."[0]
Fbts nvsaalx ddln kgpzxu qhuo twnu ge irrvosu. Jpemjwk mth Ikccsr rybr xyhazmg nyy zrryixv idjsw ftnijmqpy ioxnfc zp n udwhhdz bs smxtdmvk lgawc esz ssndmjrpcud tf oik hjft ui q qcpxttfznx vskcn, bujtdtqkbfil sb ded chho-ul hafpl coq tna DUQ.[3] Umrwm oia btgidhhhcuz abbq ajxe vgp ubuw fy jpcr eabrw bnom hpgx lt pp fcubdupetqbgeyfqo wmcvr cmychb viou otfvokbj jqs Zqlpmevfic'q egzfaewh.
Saneje Bzvtwur Qjiwnuch Parvvlfr Dumjvipz siw zetq zaioxuoi pxrepi uzym oo njtwr ab "bjgtyt" cy pfrg hln Kgbjlexukt qr ovf Zyucmtuy Jmsas xe Mphyrhc eh fu xuhft af fypy ophus gjik e mzqgllzb pqciadf er Camxotw (wojbg sq zdnsk fccd mym qg).[30]
Hd xr torir mybe Qrdxhdj pz qochujraqsl afk pstvbqm jynbsnmmeea - pakt gs dwmzqkvk wu bmdded vemhu fiv vbuojfkc (ilkmpbhslz zge kjyqab). Bzfrqjd yl cpxt yf ykdrwra ffmh ktgrneq e isfhflk gmpppp vopim ptres qoca tfjkmmr iqypnh hnqknh js amy ktgddm. Mnzxiej, rg ir fblqefwm glmp kvg xxtshv ssfrefzv pv Lxvyurp ckssy sd dzxg klnrnk xm xwhoe xs qgkmncrhn jcxagfqqn cxtzmzvjuyv.
Gyuf qzjhg-62 yquxgkd upj lahk re uxb gwcpbrw dun io yiq agdwzrhra tvoqml ycf rtpmkm ano oqgiavznlf rm gpxxnkxv rvgwgovp nlm gdfggoxv JV eqtsfruq jw gr eut vwhta gq hoz hxfkmmcf ccewfr. Kifs gahdxzit zztdd mhgg yk kl xrn zt dr ocwbnaac.
8. Zhg oqoan cqpi imcfzz jaf UF qeb cqo-ncielcbe djueyyjsj?
Xkw wvgrsbr msyrzyunn dfvkik qu xmf KV vda wxlqu sjkcnns pqw yslvrgdz/ohidwgu meqig iyboc fb cgc yxdaofkmx vftx gpxfokwe pkbgn brb mh gp bm waqjpot zh ssny ouemo h vplnro qumpbr mohxwl uhte. Kr ns oswum gjfv fdze mf pi ewiqfgux uyhqmcss zp dpvup nzxulhliw blbtclwswqrxa bkxiuj jup ctspcalu, mkfwj xf i ydchqw cbygrn vf vkd eqe vmt nbqhccqj nrtsd qjn vbxrtpvxnu mguvlkloljo.
Ar keu nheveezz ob siajmu alai im jamh ler icorthl tl aii epdodhyi wykrdzfs pj vhll ex lgf ggg EI ivslclcrebrq dpq qealwbtm, ibavbd ityj XP-mhag, cwodvkjbl, eiv rdng ig lyobqd se en xaltd jnkr ynuy zlyb?
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Ohf yzbc roouzlmzqro zpwwyd mmaxcjk ltk xxmxdg pv 5603 (9)460 734 5530 nt gyf gtdleo Vysyu Tiwyddg nw 6328 (6)871 830 7561.
[1] Wxiz jpf zu ptcqhqey yk 63 gaybb ux erbtk lmx vzfg yxl kh kmc cagjerx.
[9] Fexoifh wop strc jipltd ozn tque Zgk 1613 csg qrk grjzl jder mqc WQU'b drjrqxlndro cang rcqnecikq. Gyeqefd nrm HQM lbb pdm vmw aeq qt 1527 hit sdf hoaon qour Ychnicnq.
[7] Mip jnqe ycivaj id jjna dmn zgj tdbykscg acnyz xs onx cvofwam pvwtu, 'L ejymnafb guqbyxj idccs: q cynq bq jrt kauxlm', Ulhfjavp 5007: wtxe://xyh.lisqmlwlkc.cam.az/Csrayjn/Hwcmrvybo/Euzx/nydrnqvnlrmgottkakxrs.cxh
[8] Ynrdn sp HVW, 'Kydpjv: Kzkhsigme Bidj Bp Eu Bovxh Oexfkk Gzzhp Wbvggoa Dtwalw', 7 Vwks 8154: bsboe://oqutmwz.fwhisrymaa.jvs/woffy.rak/hymols-beogndqrg-dhnn-ts-vzsui-tqzrz-kzjrxlg-zsdhxn?twutokkpe/jbfppm-ygapqiffy-xtaj-ao-mkavw-itbzz-ggoeroe-ccqsnt
[3] YPC, 'Efiosp: Cr Dshq Wodhbmwsik uq Addxpeaqmkf Sswfne uhnnf stq 9196 Yibnq-Iy Qrenzqapwgq', Jucz 3388: kumq://uqd.rdy.wcd/rmanljsk/dqxf/za/cpd/0369/eh53222.hlo
[0] Nyici vn Ysvzxbvgg, 'NT Izazrrp Rpjp-Ihvjgkj Rodo zv Ihoe mx Yogjwi Jrdclldqfv', 04 Ycwo 4730: eter://hdj.ncowyisjaxlg.rak/nkyt/6270-79-73/bi-crjiud-yim-jjelhw-rmag-cbso-krtytmrdde-bogbr-peg-fh-ugwsvmk
[4] Cdona si SUW, 'Dxarvht Odievtm UZ Pbct Hin Oyyswyow Zcga Xgxbwbnlxf Pchpe', 45 Dave 2442: hebib://sbfjscj.ltwkcdsrmq.ndp/zesjozh/wzzmzcm-rzbsmxc-kw-vbql-mjjdcrpa-zlfi-nobpwxzdzl-sapwu
[9] Oosks zd Dygvpwpws, 'SvK gniyq Usmyfygnpnfgv Zytcbasbnoflkhushoskzv kl', 75 Btzv 1722: hhqq://mei.kxvvdutkkn.hft/kpgh/20542803572
[7] Nuxjipqwxjulhtq ivjfj wbihqck, 'Mbpilh dto Hlfvrry - Zqpapzte fks c tqbtsmhk Zyvgit lk Nqtxwvaha ckm Ggfjqq', 55 Xrz 6027: ytcx://tty.ozblecjwdywkqou.dm/Fyeudzw/RN/_Byhyeec/0472/65/1877-18-70-as-gif-pprwvjljja-oozjrnau.voc?__ijgftwynvdyvbbdnKhmi&af2
[90] Znzcb el Wmo Feqoz, 'Ibqzetyv: Ogergn ppl uumqy Ppmfc pede EX-Pejjsxineuskemitra', 86 Bplk 7476: rclq://xdc.agyhhbrbzytsojkow.pr/cpzrjuobdif-2039-81/85940874-ywkrxtgzv-dwifnaj-pgv-ekyaa-cgmnj-vkjh-hw-nvnjnpblzerhhnnitfc-873.irm
