{"id":46035,"date":"2011-08-30T14:24:00","date_gmt":"2011-08-30T11:24:00","guid":{"rendered":"https:\/\/new.palmografos.com\/?p=46035"},"modified":"2011-08-30T14:24:00","modified_gmt":"2011-08-30T11:24:00","slug":"vivvo-11175","status":"publish","type":"post","link":"https:\/\/www.palmografos.com\/?p=46035","title":{"rendered":"\u039f\u03c5\u03c1\u03bf\u03c5\u03b3\u03bf\u03c5\u03ac\u03b7: \u0397 \u03c4\u03c1\u03b1\u03c0\u03b5\u03b6\u03b9\u03ba\u03ae \u03ba\u03c1\u03af\u03c3\u03b7 – \u03a4\u03bf\u03c5 \u0392\u03b1\u03c3\u03af\u03bb\u03b7 \u0392\u03b9\u03bb\u03b9\u03ac\u03c1\u03b4\u03bf\u03c5"},"content":{"rendered":"

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\u0391\u03bd\u03ac\u03bb\u03c5\u03c3\u03b7<\/span><\/span><\/em><\/strong><\/span><\/span><\/em><\/strong><\/p>\n

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\u201c\u03a0\u03c1\u03ad\u03c0\u03b5\u03b9 \u03bd\u03b1 \u03b1\u03b3\u03b1\u03c0\u03ac\u03bc\u03b5 \u03c4\u03b7\u03bd \u03b1\u03c1\u03b5\u03c4\u03ae \u2013 \u03ba\u03b1\u03bb\u03cc \u03cc\u03bc\u03c9\u03c2 \u03b5\u03af\u03bd\u03b1\u03b9 \u03bd\u03b1 \u03b3\u03bd\u03c9\u03c1\u03af\u03b6\u03bf\u03c5\u03bc\u03b5 \u03c0\u03c9\u03c2 \u03b4\u03b5\u03bd \u03b5\u03af\u03bd\u03b1\u03b9 \u03c0\u03b1\u03c1\u03ac \u03ad\u03bd\u03b1 \u03c4\u03ad\u03c7\u03bd\u03b1\u03c3\u03bc\u03b1, \u03b5\u03c0\u03b9\u03bd\u03bf\u03b7\u03bc\u03ad\u03bd\u03bf \u03b1\u03c0\u03cc \u03c4\u03bf\u03c5\u03c2 \u03b1\u03bd\u03b8\u03c1\u03ce\u03c0\u03bf\u03c5\u03c2, \u03b3\u03b9\u03b1 \u03bd\u03b1 \u03ba\u03ac\u03bd\u03bf\u03c5\u03bd \u03b2\u03bf\u03bb\u03b9\u03ba\u03ae \u03c4\u03b7 \u03c3\u03c5\u03bc\u03b2\u03af\u03c9\u03c3\u03b7 \u03c4\u03bf\u03c5\u03c2. \u0391\u03c5\u03c4\u03cc \u03c0\u03bf\u03c5 \u03b1\u03c0\u03bf\u03ba\u03b1\u03bb\u03bf\u03cd\u03bc\u03b5 \u03b7\u03b8\u03b9\u03ba\u03ae \u03b4\u03b5\u03bd \u03b5\u03af\u03bd\u03b1\u03b9 \u03c0\u03b1\u03c1\u03ac \u03ad\u03bd\u03b1 \u03b5\u03b3\u03c7\u03b5\u03af\u03c1\u03b7\u03bc\u03b1 \u03b1\u03c0\u03cc\u03b3\u03bd\u03c9\u03c3\u03b7\u03c2 \u03c4\u03c9\u03bd \u03bf\u03bc\u03bf\u03af\u03c9\u03bd \u03bc\u03b1\u03c2, \u03b5\u03bd\u03ac\u03bd\u03c4\u03b9\u03b1 \u03c3\u03c4\u03b7\u03bd \u03c0\u03b1\u03b3\u03ba\u03cc\u03c3\u03bc\u03b9\u03b1 \u03c4\u03ac\u03be\u03b7 \u2013 \u03b7 \u03bf\u03c0\u03bf\u03af\u03b1 \u03b5\u03af\u03bd\u03b1\u03b9 \u03b7 \u03c0\u03ac\u03bb\u03b7, \u03b7 \u03c3\u03c6\u03b1\u03b3\u03ae \u03ba\u03b1\u03b9 \u03b7 \u03c4\u03c5\u03c6\u03bb\u03ae \u03c3\u03cd\u03b3\u03ba\u03c1\u03bf\u03c5\u03c3\u03b7 \u03c4\u03c9\u03bd \u03b1\u03bd\u03c4\u03af\u03b8\u03b5\u03c4\u03c9\u03bd \u03b4\u03c5\u03bd\u03ac\u03bc\u03b5\u03c9\u03bd<\/em>\u201d (<\/span>Anatole<\/span><\/strong> <\/span><\/strong>France<\/span><\/strong>). <\/span><\/p>\n

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\u039f\u03c5\u03c3\u03b9\u03b1\u03c3\u03c4\u03b9\u03ba\u03ac, \u03c3\u03c4\u03b7 \u03c3\u03cd\u03bd\u03bf\u03b4\u03bf \u03ba\u03bf\u03c1\u03c5\u03c6\u03ae\u03c2 \u03c4\u03b7\u03c2 21\u03b7\u03c2<\/sup> \u0399\u03bf\u03c5\u03bb\u03af\u03bf\u03c5 \u03b1\u03c0\u03bf\u03c6\u03b1\u03c3\u03af\u03c3\u03b8\u03b7\u03ba\u03b5 \u03b7 \u03b1\u03bd\u03b1\u03b4\u03b9\u03ac\u03c1\u03b8\u03c1\u03c9\u03c3\u03b7 \u03c4\u03bf\u03c5 \u0395\u03bb\u03bb\u03b7\u03bd\u03b9\u03ba\u03bf\u03cd \u03c7\u03c1\u03ad\u03bf\u03c5\u03c2 (\u03b5\u03ac\u03bd \u03c6\u03c5\u03c3\u03b9\u03ba\u03ac \u03b5\u03c6\u03b1\u03c1\u03bc\u03bf\u03c3\u03b8\u03b5\u03af \u2013 <\/span>\u03ac\u03c1\u03b8\u03c1\u03bf \u03bc\u03b1\u03c2<\/span><\/span><\/a>), \u03bc\u03b5\u03c4\u03b1\u03be\u03cd \u03ac\u03bb\u03bb\u03c9\u03bd \u03b7 \u03bc\u03b5\u03af\u03c9\u03c3\u03b7 \u03c4\u03bf\u03c5 \u03c3\u03b5 \u03c0\u03bf\u03c3\u03bf\u03c3\u03c4\u03cc \u03c4\u03b7\u03c2 \u03c4\u03ac\u03be\u03b7\u03c2 \u03c4\u03bf\u03c5 21%. \u0395\u03c0\u03b5\u03b9\u03b4\u03ae \u03c4\u03ce\u03c1\u03b1 \u03b1\u03c1\u03ba\u03b5\u03c4\u03bf\u03af \u03c3\u03c5\u03b3\u03ba\u03c1\u03af\u03bd\u03bf\u03c5\u03bd \u03c4\u03b7 \u03c3\u03c5\u03b3\u03ba\u03b5\u03ba\u03c1\u03b9\u03bc\u03ad\u03bd\u03b7 \u00ab\u03b4\u03b9\u03b1\u03b4\u03b9\u03ba\u03b1\u03c3\u03af\u03b1\u00bb \u03c0\u03bf\u03c5 \u03b5\u03c0\u03b9\u03bb\u03ad\u03c7\u03b8\u03b7\u03ba\u03b5, \u03bc\u03b5 \u03c4\u03b7\u03bd \u03b1\u03bd\u03c4\u03af\u03c3\u03c4\u03bf\u03b9\u03c7\u03b7 \u03b5\u03c0\u03b9\u03c4\u03c5\u03c7\u03b7\u03bc\u03ad\u03bd\u03b7 \u03c3\u03c4\u03b7\u03bd \u03c0\u03b5\u03c1\u03af\u03c0\u03c4\u03c9\u03c3\u03b7 \u03c4\u03b7\u03c2 \u039f\u03c5\u03c1\u03bf\u03c5\u03b3\u03bf\u03c5\u03ac\u03b7\u03c2, \u03b8\u03b5\u03c9\u03c1\u03bf\u03cd\u03bc\u03b5 \u03c3\u03ba\u03cc\u03c0\u03b9\u03bc\u03b7 \u03bc\u03af\u03b1 \u03bc\u03b9\u03ba\u03c1\u03ae \u03b1\u03bd\u03ac\u03bb\u03c5\u03c3\u03b7 \u03c4\u03b7\u03c2 \u03ba\u03c1\u03af\u03c3\u03b7\u03c2 \u03c4\u03b7\u03c2 \u03bb\u03b1\u03c4\u03b9\u03bd\u03bf\u03b1\u03bc\u03b5\u03c1\u03b9\u03ba\u03b1\u03bd\u03b9\u03ba\u03ae\u03c2 \u03c7\u03ce\u03c1\u03b1\u03c2 \u2013 \u03b7 \u03bf\u03c0\u03bf\u03af\u03b1, \u03ba\u03b1\u03c4\u03ac \u03c4\u03b7\u03bd \u03ac\u03c0\u03bf\u03c8\u03b7 \u03bc\u03b1\u03c2, \u03ae\u03c4\u03b1\u03bd \u03b5\u03bd\u03c4\u03b5\u03bb\u03ce\u03c2 \u03b4\u03b9\u03b1\u03c6\u03bf\u03c1\u03b5\u03c4\u03b9\u03ba\u03ae. <\/span><\/p>\n

<\/span><\/p>\n

\u03a0\u03c1\u03b9\u03bd \u03c3\u03c5\u03bd\u03b5\u03c7\u03af\u03c3\u03bf\u03c5\u03bc\u03b5 \u03bf\u03c6\u03b5\u03af\u03bb\u03bf\u03c5\u03bc\u03b5 \u03bd\u03b1 \u03b5\u03c0\u03b9\u03c3\u03b7\u03bc\u03ac\u03bd\u03bf\u03c5\u03bc\u03b5 \u03cc\u03c4\u03b9, \u03c4\u03cc\u03c3\u03bf \u03b7 \u03b1\u03bd\u03b1\u03b4\u03b9\u03ac\u03c1\u03b8\u03c1\u03c9\u03c3\u03b7, \u03cc\u03c3\u03bf \u03ba\u03b1\u03b9 \u03b7 \u03c3\u03c4\u03ac\u03c3\u03b7 \u03c0\u03bb\u03b7\u03c1\u03c9\u03bc\u03ce\u03bd (<\/strong><\/span>\u0391\u03c1\u03b3\u03b5\u03bd\u03c4\u03b9\u03bd\u03ae<\/span><\/strong><\/a>), \u03ad\u03c7\u03bf\u03c5\u03bd \u03ac\u03bc\u03b5\u03c3\u03b7 \u03c3\u03c7\u03ad\u03c3\u03b7 \u03bc\u03b5 \u03c4\u03b1 \u03bc\u03b5\u03b3\u03ad\u03b8\u03b7 \u03bc\u03af\u03b1\u03c2 \u03c7\u03ce\u03c1\u03b1\u03c2<\/span><\/strong> – \u03ba\u03b1\u03b8\u03ce\u03c2 \u03b5\u03c0\u03af\u03c3\u03b7\u03c2 \u03bc\u03b5 \u03c4\u03b1 \u03c0\u03bf\u03c3\u03ac, \u03b1\u03c0\u03cc\u03bb\u03c5\u03c4\u03b1 \u03ae \u03c3\u03c7\u03b5\u03c4\u03b9\u03ba\u03ac (\u03c9\u03c2 \u03c0\u03c1\u03bf\u03c2 \u03c4\u03bf \u0391\u0395\u03a0 \u03ba\u03bb\u03c0.). \u0393\u03b9\u03b1 \u03c0\u03b1\u03c1\u03ac\u03b4\u03b5\u03b9\u03b3\u03bc\u03b1, \u03c4\u03bf \u03c3\u03c5\u03bd\u03bf\u03bb\u03b9\u03ba\u03cc \u03b4\u03b7\u03bc\u03cc\u03c3\u03b9\u03bf \u03c7\u03c1\u03ad\u03bf\u03c2 \u03c4\u03b7\u03c2 \u0395\u03bb\u03bb\u03ac\u03b4\u03b1\u03c2 \u03b5\u03af\u03bd\u03b1\u03b9 \u03c4\u03b7\u03c2 \u03c4\u03ac\u03be\u03b7\u03c2 \u03c4\u03c9\u03bd 360 \u03b4\u03b9\u03c2 \u20ac \u03ae 165% \u03c4\u03bf\u03c5 \u0391\u0395\u03a0 \u03c4\u03b7\u03c2 (\u03c5\u03c0\u03bf\u03bb\u03bf\u03b3\u03af\u03b6\u03bf\u03c5\u03bc\u03b5 \u03bc\u03b5 \u0391\u0395\u03a0 \u03bc\u03b9\u03ba\u03c1\u03cc\u03c4\u03b5\u03c1\u03bf \u03c4\u03c9\u03bd 220 \u03b4\u03b9\u03c2 \u20ac, \u03bb\u03cc\u03b3\u03c9 \u03c4\u03b7\u03c2 \u03c4\u03b5\u03c1\u03ac\u03c3\u03c4\u03b9\u03b1\u03c2 \u03cd\u03c6\u03b5\u03c3\u03b7\u03c2 \u03c0\u03bf\u03c5 \u03b2\u03b9\u03ce\u03bd\u03b5\u03b9 \u03b7 \u03c7\u03ce\u03c1\u03b1 \u03bc\u03b1\u03c2). <\/span><\/p>\n

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\u0391\u03c0\u03ad\u03bd\u03b1\u03bd\u03c4\u03b9 \u03c3\u03b5 \u03b1\u03c5\u03c4\u03cc, \u03bf\u03b9 \u03c3\u03c5\u03bd\u03bf\u03bb\u03b9\u03ba\u03ad\u03c2 \u03b1\u03c0\u03ce\u03bb\u03b5\u03b9\u03b5\u03c2 \u03c0\u03b9\u03c3\u03c4\u03ce\u03c3\u03b5\u03c9\u03bd \u03c0\u03bf\u03c5 \u03ad\u03c7\u03bf\u03c5\u03bd \u03ba\u03b1\u03c4\u03b1\u03b3\u03c1\u03b1\u03c6\u03b5\u03af \u03b1\u03c0\u03cc \u03c4\u03b7\u03bd <\/strong><\/span>Moody<\/span><\/strong>\u2019<\/span><\/strong>s<\/span><\/strong>, \u03b1\u03c0\u03cc \u03c4\u03bf 1983 \u03ad\u03c9\u03c2 \u03c3\u03ae\u03bc\u03b5\u03c1\u03b1, \u03b3\u03b9\u03b1 28 \u03bf\u03bb\u03cc\u03ba\u03bb\u03b7\u03c1\u03b1 \u03ad\u03c4\u03b7 \u03b4\u03b7\u03bb\u03b1\u03b4\u03ae \u03ba\u03b1\u03b9 \u03b3\u03b9\u03b1 \u03cc\u03bb\u03b5\u03c2 \u03c4\u03b9\u03c2 \u03c7\u03ce\u03c1\u03b5\u03c2, \u03b1\u03c0\u03cc \u03c3\u03c4\u03ac\u03c3\u03b5\u03b9\u03c2 \u03c0\u03bb\u03b7\u03c1\u03c9\u03bc\u03ce\u03bd \u03ba\u03bb\u03c0., \u03b4\u03b5\u03bd \u03c5\u03c0\u03b5\u03c1\u03b2\u03b1\u03af\u03bd\u03bf\u03c5\u03bd \u03c4\u03b1 126 \u03b4\u03b9\u03c2 \u20ac<\/span><\/strong> (182 \u03b4\u03b9\u03c2 $) \u2013 \u03b5\u03bd\u03ce \u03b1\u03ba\u03cc\u03bc\u03b7 \u03ba\u03b1\u03b9 \u03b1\u03c5\u03c4\u03cc \u03c4\u03bf \u03bc\u03ad\u03b3\u03b5\u03b8\u03bf\u03c2 \u03b4\u03b5\u03bd \u03b5\u03af\u03bd\u03b1\u03b9 \u03b1\u03bd\u03c4\u03b9\u03c0\u03c1\u03bf\u03c3\u03c9\u03c0\u03b5\u03c5\u03c4\u03b9\u03ba\u03cc, \u03b1\u03c6\u03bf\u03cd \u03bc\u03b5\u03c3\u03bf\u03bb\u03ac\u03b2\u03b7\u03c3\u03b1\u03bd \u03bf\u03b9 \u03b1\u03c0\u03ce\u03bb\u03b5\u03b9\u03b5\u03c2 \u03b4\u03cd\u03bf \u03bc\u03b5\u03b3\u03ac\u03bb\u03c9\u03bd \u03c7\u03c9\u03c1\u03ce\u03bd: \u03c4\u03b7\u03c2 \u0391\u03c1\u03b3\u03b5\u03bd\u03c4\u03b9\u03bd\u03ae\u03c2 \u03ba\u03b1\u03b9 \u03c4\u03b7\u03c2 \u03a1\u03c9\u03c3\u03af\u03b1\u03c2. \u0395\u03c0\u03bf\u03bc\u03ad\u03bd\u03c9\u03c2, \u03c4\u03bf \u03bc\u03ad\u03b3\u03b5\u03b8\u03bf\u03c2 \u03c4\u03bf\u03c5 \u03c7\u03c1\u03ad\u03bf\u03c5\u03c2 \u03c4\u03b7\u03c2 \u0395\u03bb\u03bb\u03ac\u03b4\u03b1\u03c2, \u03c4\u03c1\u03b9\u03c0\u03bb\u03ac\u03c3\u03b9\u03bf \u03c3\u03c7\u03b5\u03b4\u03cc\u03bd \u03b1\u03c0\u03cc \u03cc\u03bb\u03b1 \u03c4\u03b1 \u03c5\u03c0\u03cc\u03bb\u03bf\u03b9\u03c0\u03b1 \u03bc\u03b1\u03b6\u03af, \u03b4\u03b5\u03bd \u03b5\u03af\u03bd\u03b1\u03b9 \u03ba\u03b1\u03b8\u03cc\u03bb\u03bf\u03c5 \u03b1\u03bc\u03b5\u03bb\u03b7\u03c4\u03ad\u03bf <\/strong>\u2013 \u03cc\u03c3\u03bf\u03bd \u03b1\u03c6\u03bf\u03c1\u03ac \u03c4\u03b7\u03bd \u03b5\u03c0\u03af\u03b4\u03c1\u03b1\u03c3\u03b7 \u03c4\u03bf\u03c5 \u03c3\u03c4\u03bf \u03c0\u03b1\u03b3\u03ba\u03cc\u03c3\u03bc\u03b9\u03bf \u03c3\u03cd\u03c3\u03c4\u03b7\u03bc\u03b1, \u03b5\u03b9\u03b4\u03b9\u03ba\u03ac \u03c3\u03c4\u03bf \u03b5\u03c5\u03c1\u03c9\u03c0\u03b1\u03ca\u03ba\u03cc. <\/span><\/p>\n

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\u039a\u03b1\u03c4\u03ac \u03b4\u03b5\u03cd\u03c4\u03b5\u03c1\u03bf \u03bb\u03cc\u03b3\u03bf, \u03c0\u03c1\u03ad\u03c0\u03b5\u03b9 \u03ba\u03b1\u03bd\u03b5\u03af\u03c2 \u03bd\u03b1 \u03b1\u03bd\u03b1\u03bb\u03cd\u03c3\u03b5\u03b9 \u03b4\u03b9\u03b5\u03be\u03bf\u03b4\u03b9\u03ba\u03ac \u03c4\u03bf\u03c5\u03c2 \u03b9\u03b4\u03b9\u03bf\u03ba\u03c4\u03ae\u03c4\u03b5\u03c2 \u03c4\u03c9\u03bd \u03bf\u03bc\u03bf\u03bb\u03cc\u03b3\u03c9\u03bd –<\/strong> \u03c4\u03c9\u03bd \u03b4\u03b7\u03bc\u03bf\u03c3\u03af\u03c9\u03bd \u03c7\u03c1\u03b5\u03ce\u03bd \u03b4\u03b7\u03bb\u03b1\u03b4\u03ae \u03bc\u03af\u03b1\u03c2 \u03c7\u03ce\u03c1\u03b1\u03c2, \u03c4\u03b1 \u03bf\u03c0\u03bf\u03af\u03b1 \u03c0\u03c1\u03cc\u03ba\u03b5\u03b9\u03c4\u03b1\u03b9 \u03bd\u03b1 \u03b1\u03bd\u03b1\u03b4\u03b9\u03b1\u03c1\u03b8\u03c1\u03c9\u03b8\u03bf\u03cd\u03bd. \u0395\u03b9\u03b4\u03b9\u03ba\u03cc\u03c4\u03b5\u03c1\u03b1, \u03c4\u03b1 \u03bf\u03bc\u03cc\u03bb\u03bf\u03b3\u03b1 \u03c4\u03c9\u03bd <\/span>\u03b1\u03bd\u03b1\u03c0\u03c4\u03c5\u03c3\u03c3\u03bf\u03bc\u03ad\u03bd\u03c9\u03bd<\/span><\/span><\/a> \u03c7\u03c9\u03c1\u03ce\u03bd, \u03cc\u03c0\u03c9\u03c2 \u03c4\u03b7\u03c2 \u039f\u03c5\u03c1\u03bf\u03c5\u03b3\u03bf\u03c5\u03ac\u03b7\u03c2 \u03ae \u03c4\u03b7\u03c2 \u0391\u03c1\u03b3\u03b5\u03bd\u03c4\u03b9\u03bd\u03ae\u03c2, \u03b1\u03b3\u03bf\u03c1\u03ac\u03b6\u03bf\u03bd\u03c4\u03b1\u03b9 \u03ba\u03c5\u03c1\u03af\u03c9\u03c2 \u03b1\u03c0\u03cc \u03b5\u03c0\u03b5\u03bd\u03b4\u03c5\u03c4\u03b9\u03ba\u03ac \u03ba\u03b5\u03c6\u03ac\u03bb\u03b1\u03b9\u03b1 \u03c5\u03c8\u03b7\u03bb\u03bf\u03cd \u03c1\u03af\u03c3\u03ba\u03bf\u03c5<\/strong>, \u03b1\u03c0\u03cc <\/span>hedge<\/span> <\/span>funds<\/span>, \u03ba\u03b1\u03b8\u03ce\u03c2 \u03b5\u03c0\u03af\u03c3\u03b7\u03c2 \u03b1\u03c0\u03cc \u03b9\u03b4\u03b9\u03ce\u03c4\u03b5\u03c2 \u03b5\u03c0\u03b5\u03bd\u03b4\u03c5\u03c4\u03ad\u03c2. \u0391\u03bd\u03c4\u03af\u03b8\u03b5\u03c4\u03b1, \u03c4\u03b1 \u03bf\u03bc\u03cc\u03bb\u03bf\u03b3\u03b1 \u03c4\u03c9\u03bd \u03b1\u03bd\u03b5\u03c0\u03c4\u03c5\u03b3\u03bc\u03ad\u03bd\u03c9\u03bd, \u03b2\u03b9\u03bf\u03bc\u03b7\u03c7\u03b1\u03bd\u03b9\u03ba\u03ce\u03bd \u03ba\u03c1\u03b1\u03c4\u03ce\u03bd (\u03c3\u03c4\u03b9\u03c2 \u03bf\u03c0\u03bf\u03af\u03b5\u03c2 \u03b1\u03bd\u03ae\u03ba\u03b5\u03b9 \u03b7 \u0395\u03bb\u03bb\u03ac\u03b4\u03b1, \u03bb\u03cc\u03b3\u03c9 \u03c4\u03b7\u03c2 \u03c3\u03c5\u03bc\u03bc\u03b5\u03c4\u03bf\u03c7\u03ae\u03c2 \u03c4\u03b7\u03c2 \u03c3\u03c4\u03b7\u03bd \u0395\u03c5\u03c1\u03c9\u03b6\u03ce\u03bd\u03b7), \u03b5\u03c5\u03c1\u03af\u03c3\u03ba\u03bf\u03bd\u03c4\u03b1\u03b9 \u03c3\u03c4\u03b7\u03bd \u03ba\u03b1\u03c4\u03bf\u03c7\u03ae \u03c4\u03c1\u03b1\u03c0\u03b5\u03b6\u03ce\u03bd, \u03b1\u03c3\u03c6\u03b1\u03bb\u03b5\u03b9\u03ce\u03bd, \u03c3\u03c5\u03bd\u03c4\u03b1\u03be\u03b9\u03bf\u03b4\u03bf\u03c4\u03b9\u03ba\u03ce\u03bd \u03c4\u03b1\u03bc\u03b5\u03af\u03c9\u03bd \u03ba\u03bb\u03c0. \u2013 \u03ba\u03c5\u03c1\u03af\u03c9\u03c2 \u03b3\u03b9\u03b1 \u03bb\u03cc\u03b3\u03bf\u03c5\u03c2 \u03c1\u03b5\u03c5\u03c3\u03c4\u03cc\u03c4\u03b7\u03c4\u03b1\u03c2 \u03ba\u03b1\u03b9 \u03c0\u03b5\u03c1\u03b9\u03bf\u03c1\u03b9\u03c3\u03bc\u03bf\u03cd \u03c4\u03bf\u03c5 \u03c1\u03af\u03c3\u03ba\u03bf\u03c5. <\/span><\/p>\n

<\/span><\/p>\n

\u0395\u03ac\u03bd \u03bb\u03bf\u03b9\u03c0\u03cc\u03bd \u03bf\u03b9 \u03c4\u03c1\u03ac\u03c0\u03b5\u03b6\u03b5\u03c2 \u03b4\u03b5\u03bd \u03ba\u03c1\u03b1\u03c4\u03ae\u03c3\u03bf\u03c5\u03bd \u03c4\u03b1 \u03bf\u03bc\u03cc\u03bb\u03bf\u03b3\u03b1 \u03b1\u03c5\u03c4\u03ac \u03bc\u03ad\u03c7\u03c1\u03b9 \u03c4\u03b7 \u03bb\u03ae\u03be\u03b7 \u03c4\u03bf\u03c5\u03c2, \u03ba\u03b1\u03b8\u03ce\u03c2 \u03b5\u03c0\u03af\u03c3\u03b7\u03c2 \u03b5\u03ac\u03bd \u03b4\u03b5\u03bd \u03b3\u03af\u03bd\u03b5\u03c4\u03b1\u03b9 \u03b1\u03c0\u03bf\u03c4\u03af\u03bc\u03b7\u03c3\u03b7 \u03c4\u03bf\u03c5\u03c2 \u03c3\u03c4\u03b9\u03c2 \u03c4\u03c1\u03ad\u03c7\u03bf\u03c5\u03c3\u03b5\u03c2 \u03b1\u03be\u03af\u03b5\u03c2, \u03b1\u03bb\u03bb\u03ac \u03c3\u03b5 \u03c0\u03bf\u03bb\u03cd \u03c7\u03b1\u03bc\u03b7\u03bb\u03cc\u03c4\u03b5\u03c1\u03b5\u03c2, \u03cc\u03c0\u03c9\u03c2 \u03c3\u03c4\u03bf \u03c0\u03b1\u03c1\u03ac\u03b4\u03b5\u03b9\u03b3\u03bc\u03b1 \u03c4\u03b7\u03c2 \u0395\u03bb\u03bb\u03ac\u03b4\u03b1\u03c2, \u03bf\u03b9 \u03b6\u03b7\u03bc\u03af\u03b5\u03c2 \u03c4\u03bf\u03c5\u03c2 \u03c0\u03b5\u03c1\u03b9\u03bf\u03c1\u03af\u03b6\u03bf\u03c5\u03bd \u03ac\u03bc\u03b5\u03c3\u03b1 \u03c4\u03b1 \u03ba\u03b5\u03c6\u03ac\u03bb\u03b1\u03b9\u03b1 \u03c4\u03bf\u03c5\u03c2 \u2013 \u03bf\u03c0\u03cc\u03c4\u03b5, \u03bf\u03b9 <\/strong><\/span>\u03ba\u03af\u03bd\u03b4\u03c5\u03bd\u03bf\u03b9 \u03c7\u03c1\u03b5\u03bf\u03ba\u03bf\u03c0\u03af\u03b1\u03c2<\/span><\/span><\/strong><\/a> \u03c4\u03bf\u03c5\u03c2 \u03b1\u03c5\u03be\u03ac\u03bd\u03bf\u03bd\u03c4\u03b1\u03b9 \u03c1\u03b1\u03b3\u03b4\u03b1\u03af\u03b1<\/span><\/strong>, \u03b5\u03bd\u03ce \u03bf\u03c6\u03b5\u03af\u03bb\u03bf\u03c5\u03bd \u03bd\u03b1 \u03b1\u03bd\u03c4\u03b9\u03bc\u03b5\u03c4\u03c9\u03c0\u03af\u03b6\u03bf\u03bd\u03c4\u03b1\u03b9 \u03bc\u03b5 \u03ac\u03bc\u03b5\u03c3\u03b5\u03c2 \u03b1\u03c5\u03be\u03ae\u03c3\u03b5\u03b9\u03c2 \u03ba\u03b5\u03c6\u03b1\u03bb\u03b1\u03af\u03c9\u03bd. <\/span><\/p>\n

<\/span><\/p>\n

\u03a0\u03b5\u03c1\u03b1\u03b9\u03c4\u03ad\u03c1\u03c9, \u03b7 \u03b1\u03bd\u03b1\u03b4\u03b9\u03ac\u03c1\u03b8\u03c1\u03c9\u03c3\u03b7 \u03ad\u03c7\u03b5\u03b9 \u03ac\u03bc\u03b5\u03c3\u03b7 \u03c3\u03c7\u03ad\u03c3\u03b7 \u03bc\u03b5 \u03c4\u03bf \u03b5\u03ac\u03bd \u03bc\u03af\u03b1 \u03c7\u03ce\u03c1\u03b1 \u03b1\u03bd\u03c4\u03b9\u03bc\u03b5\u03c4\u03c9\u03c0\u03af\u03b6\u03b5\u03b9 \u03b1\u03c0\u03bb\u03ac \u03c0\u03c1\u03bf\u03b2\u03bb\u03ae\u03bc\u03b1\u03c4\u03b1 \u03c1\u03b5\u03c5\u03c3\u03c4\u03cc\u03c4\u03b7\u03c4\u03b1\u03c2 \u03ae \u03b5\u03c5\u03c1\u03af\u03c3\u03ba\u03b5\u03c4\u03b1\u03b9 \u03c3\u03b5 \u03b1\u03b4\u03c5\u03bd\u03b1\u03bc\u03af\u03b1 \u03c0\u03bb\u03b7\u03c1\u03c9\u03bc\u03ce\u03bd (<\/span>insolvent<\/span><\/em><\/strong>). \u039a\u03b1\u03c4\u03ac \u03c4\u03b7\u03bd \u03ac\u03c0\u03bf\u03c8\u03b7 \u03c0\u03bf\u03bb\u03bb\u03ce\u03bd, \u03b5\u03ac\u03bd \u03c4\u03bf \u03b4\u03b7\u03bc\u03cc\u03c3\u03b9\u03bf \u03c7\u03c1\u03ad\u03bf\u03c2 \u03bc\u03af\u03b1\u03c2 \u03c7\u03ce\u03c1\u03b1\u03c2 \u03be\u03b5\u03c0\u03b5\u03c1\u03bd\u03ac \u03c4\u03bf 120% \u03c4\u03bf\u03c5 \u0391\u0395\u03a0 \u03c4\u03b7\u03c2, \u03b5\u03bd\u03ce \u00ab\u03bc\u03b1\u03c3\u03c4\u03af\u03b6\u03b5\u03c4\u03b1\u03b9\u00bb \u03c4\u03b1\u03c5\u03c4\u03cc\u03c7\u03c1\u03bf\u03bd\u03b1 \u03b1\u03c0\u03cc \u03b4\u03af\u03b4\u03c5\u03bc\u03b1 \u03b5\u03bb\u03bb\u03b5\u03af\u03bc\u03bc\u03b1\u03c4\u03b1 (<\/span>\u03ac\u03c1\u03b8\u03c1\u03bf \u03bc\u03b1\u03c2<\/span><\/span><\/a>), \u03b4\u03b5\u03bd \u03b5\u03af\u03bd\u03b1\u03b9 \u03c3\u03b5 \u03b8\u03ad\u03c3\u03b7 \u03bd\u03b1 \u03b5\u03be\u03bf\u03c6\u03bb\u03b5\u03af \u03c4\u03b9\u03c2 \u03c5\u03c0\u03bf\u03c7\u03c1\u03b5\u03ce\u03c3\u03b5\u03b9\u03c2 \u03c4\u03b7\u03c2 – \u03bf\u03c0\u03cc\u03c4\u03b5 \u03c7\u03c1\u03b5\u03bf\u03ba\u03bf\u03c0\u03b5\u03af \u03b1\u03c1\u03b3\u03ac \u03ae \u03b3\u03c1\u03ae\u03b3\u03bf\u03c1\u03b1. \u03a4\u03c5\u03c7\u03cc\u03bd \u03b1\u03bd\u03b1\u03b4\u03b9\u03ac\u03c1\u03b8\u03c1\u03c9\u03c3\u03b7 \u03bb\u03bf\u03b9\u03c0\u03cc\u03bd \u03b8\u03b1 \u03c0\u03c1\u03ad\u03c0\u03b5\u03b9, \u03b1\u03c6\u03b5\u03bd\u03cc\u03c2 \u03bc\u03b5\u03bd \u03bd\u03b1 \u03bc\u03b5\u03b9\u03ce\u03bd\u03b5\u03b9 \u03b4\u03c1\u03b1\u03c3\u03c4\u03b9\u03ba\u03ac \u03c4\u03b1 \u03c7\u03c1\u03ad\u03b7 \u03c4\u03b7\u03c2<\/strong> (\u03c3\u03c4\u03bf 80% \u03c4\u03bf\u03c5 \u0391\u0395\u03a0 \u03c4\u03b7\u03c2 \u03ae \u03b1\u03ba\u03cc\u03bc\u03b7 \u03bb\u03b9\u03b3\u03cc\u03c4\u03b5\u03c1\u03bf), \u03b1\u03c6\u03b5\u03c4\u03ad\u03c1\u03bf\u03c5 \u03bd\u03b1 \u03b4\u03b7\u03bc\u03b9\u03bf\u03c5\u03c1\u03b3\u03b5\u03af \u03c4\u03b9\u03c2 \u03c0\u03c1\u03bf\u03cb\u03c0\u03bf\u03b8\u03ad\u03c3\u03b5\u03b9\u03c2 \u03b5\u03c0\u03af\u03bb\u03c5\u03c3\u03b7\u03c2 \u03c4\u03c9\u03bd \u03c0\u03c1\u03bf\u03b2\u03bb\u03b7\u03bc\u03ac\u03c4\u03c9\u03bd \u03c4\u03b7\u03c2<\/strong>, \u03c4\u03b1 \u03bf\u03c0\u03bf\u03af\u03b1 \u03c0\u03c1\u03bf\u03ba\u03b1\u03bb\u03bf\u03cd\u03bd\u03c4\u03b1\u03b9, \u03bc\u03b5\u03c4\u03b1\u03be\u03cd \u03ac\u03bb\u03bb\u03c9\u03bd, \u03b1\u03c0\u03cc \u03c4\u03b1 \u03b4\u03af\u03b4\u03c5\u03bc\u03b1 \u03b5\u03bb\u03bb\u03b5\u03af\u03bc\u03bc\u03b1\u03c4\u03b1.<\/span><\/p>\n

<\/span><\/p>\n

\u03a4\u03ad\u03bb\u03bf\u03c2 \u03cc\u03c4\u03b1\u03bd \u03bc\u03af\u03b1 \u03c7\u03ce\u03c1\u03b1, \u03cc\u03c0\u03c9\u03c2 \u03b7 \u0395\u03bb\u03bb\u03ac\u03b4\u03b1 \u03c3\u03ae\u03bc\u03b5\u03c1\u03b1, \u03b4\u03b5\u03bd \u03ad\u03c7\u03b5\u03b9 \u03c4\u03b7 \u03b4\u03c5\u03bd\u03b1\u03c4\u03cc\u03c4\u03b7\u03c4\u03b1 \u03c5\u03c0\u03bf\u03c4\u03af\u03bc\u03b7\u03c3\u03b7\u03c2 \u03c4\u03bf\u03c5 \u03bd\u03bf\u03bc\u03af\u03c3\u03bc\u03b1\u03c4\u03bf\u03c2 \u03c4\u03b7\u03c2 \u03ae \u03ba\u03ac\u03c0\u03bf\u03b9\u03b1\u03c2 \u03ac\u03bb\u03bb\u03b7\u03c2 \u03bc\u03bf\u03c1\u03c6\u03ae\u03c2 \u03bd\u03bf\u03bc\u03b9\u03c3\u03bc\u03b1\u03c4\u03b9\u03ba\u03ae \u03c0\u03bf\u03bb\u03b9\u03c4\u03b9\u03ba\u03ae (\u03b1\u03cd\u03be\u03b7\u03c3\u03b7 \u03c4\u03b7\u03c2 \u03c0\u03bf\u03c3\u03cc\u03c4\u03b7\u03c4\u03b1\u03c2 \u03c7\u03c1\u03ae\u03bc\u03b1\u03c4\u03bf\u03c2, \u03bc\u03b5\u03af\u03c9\u03c3\u03b7 \u03c4\u03c9\u03bd \u03b2\u03b1\u03c3\u03b9\u03ba\u03ce\u03bd \u03b5\u03c0\u03b9\u03c4\u03bf\u03ba\u03af\u03c9\u03bd \u03ba\u03bb\u03c0.), \u03b1\u03ba\u03cc\u03bc\u03b7 \u03ba\u03b1\u03b9 \u03bc\u03af\u03b1 \u03b1\u03bd\u03b1\u03b4\u03b9\u03ac\u03c1\u03b8\u03c1\u03c9\u03c3\u03b7 \u03c4\u03b7\u03c2 \u03c4\u03ac\u03be\u03b7\u03c2 \u03c4\u03bf\u03c5 50% (\u03b3\u03b9\u03b1 \u03c0\u03b1\u03c1\u03ac\u03b4\u03b5\u03b9\u03b3\u03bc\u03b1, \u03bc\u03ad\u03c3\u03c9 \u03c4\u03b7\u03c2 \u03ad\u03ba\u03b4\u03bf\u03c3\u03b7\u03c2 \u0395\u03c5\u03c1\u03c9\u03bf\u03bc\u03bf\u03bb\u03cc\u03b3\u03c9\u03bd \u03ba\u03b1\u03b9 \u03b1\u03bd\u03c4\u03b1\u03bb\u03bb\u03b1\u03b3\u03ae\u03c2 \u03c4\u03bf\u03c5\u03c2, \u03cc\u03c0\u03bf\u03c5 \u03ad\u03bd\u03b1 \u03b1\u03c3\u03c6\u03b1\u03bb\u03ad\u03c2 \u0395\u03c5\u03c1\u03c9\u03bf\u03bc\u03cc\u03bb\u03bf\u03b3\u03bf \u03b8\u03b1 \u03b1\u03bd\u03c4\u03b1\u03bb\u03bb\u03ac\u03c3\u03c3\u03b5\u03c4\u03b1\u03b9 \u03bc\u03b5 \u03b4\u03cd\u03bf \u03b5\u03c0\u03b9\u03ba\u03af\u03bd\u03b4\u03c5\u03bd\u03b1 \u0395\u03bb\u03bb\u03b7\u03bd\u03b9\u03ba\u03ac<\/strong>), \u03b5\u03af\u03bd\u03b1\u03b9 \u03b1\u03b4\u03cd\u03bd\u03b1\u03c4\u03bf\u03bd \u03bd\u03b1 \u03ad\u03c7\u03b5\u03b9 \u03c4\u03b1 \u03b1\u03bd\u03b1\u03bc\u03b5\u03bd\u03cc\u03bc\u03b5\u03bd\u03b1 \u03b1\u03c0\u03bf\u03c4\u03b5\u03bb\u03ad\u03c3\u03bc\u03b1\u03c4\u03b1 – \u03b5\u03ac\u03bd \u03b4\u03b5\u03bd \u03c3\u03c5\u03bd\u03bf\u03b4\u03b5\u03cd\u03b5\u03c4\u03b1\u03b9 \u03b1\u03c0\u03cc \u03ac\u03bb\u03bb\u03b5\u03c2 \u03b5\u03bd\u03ad\u03c1\u03b3\u03b5\u03b9\u03b5\u03c2, \u03cc\u03c0\u03c9\u03c2 \u03ad\u03bd\u03b1 \u03c3\u03c7\u03ad\u03b4\u03b9\u03bf \u03b5\u03c0\u03b1\u03bd\u03b1\u03b2\u03b9\u03bf\u03bc\u03b7\u03c7\u03b1\u03bd\u03bf\u03c0\u03bf\u03af\u03b7\u03c3\u03b7\u03c2 \u03c4\u03cd\u03c0\u03bf\u03c5 \u00ab\u039c\u03ac\u03c1\u03c3\u03b1\u03bb\u00bb \u03ba\u03bb\u03c0. <\/span><\/p>\n

<\/span><\/p>\n

\u038c\u03c0\u03c9\u03c2 \u03c6\u03b1\u03af\u03bd\u03b5\u03c4\u03b1\u03b9 \u03bb\u03bf\u03b9\u03c0\u03cc\u03bd, \u03b7 \u03b1\u03bd\u03b1\u03b4\u03b9\u03ac\u03c1\u03b8\u03c1\u03c9\u03c3\u03b7 \u03c7\u03c1\u03ad\u03bf\u03c5\u03c2 \u03bc\u03af\u03b1\u03c2 \u03b1\u03bd\u03b5\u03c0\u03c4\u03c5\u03b3\u03bc\u03ad\u03bd\u03b7\u03c2 \u03bf\u03b9\u03ba\u03bf\u03bd\u03bf\u03bc\u03af\u03b1\u03c2, \u03b7 \u03bf\u03c0\u03bf\u03af\u03b1 \u03b1\u03bd\u03ae\u03ba\u03b5\u03b9 \u03c4\u03b1\u03c5\u03c4\u03cc\u03c7\u03c1\u03bf\u03bd\u03b1 \u03c3\u03b5 \u03bc\u03af\u03b1 \u03bd\u03bf\u03bc\u03b9\u03c3\u03bc\u03b1\u03c4\u03b9\u03ba\u03ae \u03ad\u03bd\u03c9\u03c3\u03b7 <\/span>\u03c3\u03c5\u03b3\u03ba\u03bf\u03b9\u03bd\u03c9\u03bd\u03bf\u03cd\u03bd\u03c4\u03c9\u03bd \u03b4\u03bf\u03c7\u03b5\u03af\u03c9\u03bd<\/span><\/span><\/a>, \u03bc\u03b5 \u03c4\u03b5\u03c1\u03ac\u03c3\u03c4\u03b9\u03b1 \u03c0\u03c1\u03bf\u03b2\u03bb\u03ae\u03bc\u03b1\u03c4\u03b1 \u03c3\u03c5\u03bd\u03bf\u03c7\u03ae\u03c2, \u03bc\u03b5 \u03b1\u03bd\u03b5\u03c0\u03b1\u03c1\u03ba\u03ae <\/span>\u03c0\u03bf\u03bb\u03b9\u03c4\u03b9\u03ba\u03ae<\/span><\/span><\/a> \u03b7\u03b3\u03b5\u03c3\u03af\u03b1 \u03ba\u03b1\u03b9 \u03bc\u03b5 \u03c0\u03bf\u03bb\u03bb\u03ad\u03c2 <\/span>\u03b5\u03c3\u03c4\u03af\u03b5\u03c2 \u03c0\u03c5\u03c1\u03ba\u03b1\u03b3\u03b9\u03ac\u03c2<\/span><\/span><\/a>, \u03bc\u03b5 \u03ad\u03bd\u03b1\u03bd \u03b5\u03c0\u03b9\u03ba\u03af\u03bd\u03b4\u03c5\u03bd\u03bf \u03b5\u03c3\u03c9\u03c4\u03b5\u03c1\u03b9\u03ba\u03cc \u03b5\u03c7\u03b8\u03c1\u03cc (<\/span>\u03ac\u03c1\u03b8\u03c1\u03bf \u03bc\u03b1\u03c2<\/span><\/span><\/a>) \u03ba\u03b1\u03b9 \u03c3\u03b5 \u03c3\u03c5\u03bd\u03b8\u03ae\u03ba\u03b5\u03c2 \u03b4\u03b9\u03b5\u03b8\u03bd\u03bf\u03cd\u03c2 <\/span>\u03ba\u03c1\u03af\u03c3\u03b7\u03c2<\/span><\/a>, \u03b5\u03af\u03bd\u03b1\u03b9 \u03bc\u03af\u03b1 \u03c0\u03ac\u03c1\u03b1 \u03c0\u03bf\u03bb\u03cd \u03b4\u03cd\u03c3\u03ba\u03bf\u03bb\u03b7 \u03b4\u03b9\u03b1\u03b4\u03b9\u03ba\u03b1\u03c3\u03af\u03b1 – \u03c0\u03cc\u03c3\u03bf \u03bc\u03ac\u03bb\u03bb\u03bf\u03bd \u03b1\u03c6\u03bf\u03cd \u03b5\u03ba\u03bb\u03b5\u03af\u03c0\u03b5\u03b9 \u03b5\u03bd\u03c4\u03b5\u03bb\u03ce\u03c2 \u03b7 \u03bf\u03c0\u03bf\u03b9\u03b1\u03b4\u03ae\u03c0\u03bf\u03c4\u03b5 \u03b5\u03bc\u03c0\u03b5\u03b9\u03c1\u03af\u03b1. <\/span><\/p>\n

<\/span><\/p>\n

\u0395\u03c0\u03bf\u03bc\u03ad\u03bd\u03c9\u03c2, \u03b3\u03b9\u03b1 \u03cc\u03bb\u03bf\u03c5\u03c2 \u03c4\u03bf\u03c5\u03c2 \u03c0\u03b1\u03c1\u03b1\u03c0\u03ac\u03bd\u03c9 \u03bb\u03cc\u03b3\u03bf\u03c5\u03c2, \u03b7 \u0395\u03bb\u03bb\u03ac\u03b4\u03b1 \u03b4\u03b5\u03bd \u03c0\u03c1\u03ad\u03c0\u03b5\u03b9 \u03bd\u03b1 \u03c3\u03c5\u03b3\u03ba\u03c1\u03af\u03bd\u03b5\u03c4\u03b1\u03b9 \u03bc\u03b5 \u03ba\u03b1\u03bc\u03af\u03b1 \u03ac\u03bb\u03bb\u03b7 \u03c7\u03ce\u03c1\u03b1 \u2013 \u03c6\u03c5\u03c3\u03b9\u03ba\u03ac, \u03c3\u03b5 \u03ba\u03b1\u03bc\u03af\u03b1 \u03c0\u03b5\u03c1\u03af\u03c0\u03c4\u03c9\u03c3\u03b7 \u03bc\u03b5 \u03c4\u03b7\u03bd \u039f\u03c5\u03c1\u03bf\u03c5\u03b3\u03bf\u03c5\u03ac\u03b7, \u03b7 \u03bf\u03c0\u03bf\u03af\u03b1 \u03b1\u03c0\u03bb\u03ac \u03b1\u03bd\u03b1\u03b4\u03b9\u03ac\u03c1\u03b8\u03c1\u03c9\u03c3\u03b5 \u03c7\u03c1\u03ad\u03b7 \u03cd\u03c8\u03bf\u03c5\u03c2 5,7 \u03b4\u03b9\u03c2 $<\/strong> (\u03c0\u03b5\u03c1\u03af \u03c4\u03b1 4 \u03b4\u03b9\u03c2 \u20ac, \u03cc\u03c3\u03bf \u03b4\u03b7\u03bb\u03b1\u03b4\u03ae \u03c4\u03bf \u03ad\u03bb\u03bb\u03b5\u03b9\u03bc\u03bc\u03b1 \u03c4\u03bf\u03c5 \u03c0\u03c1\u03bf\u03cb\u03c0\u03bf\u03bb\u03bf\u03b3\u03b9\u03c3\u03bc\u03bf\u03cd \u03c4\u03b7\u03c2 \u0395\u03bb\u03bb\u03ac\u03b4\u03b1\u03c2 \u03b3\u03b9\u03b1 \u03ad\u03bd\u03b1 \u03bc\u03ae\u03bd\u03b1!), \u03b5\u03c0\u03b5\u03ba\u03c4\u03b5\u03af\u03bd\u03bf\u03bd\u03c4\u03b1\u03c2 \u03c4\u03bf \u03c7\u03c1\u03cc\u03bd\u03bf \u03b1\u03c0\u03bf\u03c0\u03bb\u03b7\u03c1\u03c9\u03bc\u03ae\u03c2 \u03c4\u03bf\u03c5\u03c2 \u03c3\u03c4\u03b1 \u03c0\u03ad\u03bd\u03c4\u03b5 \u03bc\u03cc\u03bb\u03b9\u03c2 \u03ad\u03c4\u03b7 – \u03c7\u03c9\u03c1\u03af\u03c2 \u03bd\u03b1 \u03b1\u03bb\u03bb\u03ac\u03be\u03b5\u03b9 \u03c4\u03bf \u03b5\u03c0\u03b9\u03c4\u03cc\u03ba\u03b9\u03bf \u03ae \u03c4\u03b7\u03bd \u03bf\u03bd\u03bf\u03bc\u03b1\u03c3\u03c4\u03b9\u03ba\u03ae \u03c4\u03bf\u03c5\u03c2 \u03b1\u03be\u03af\u03b1. <\/span><\/p>\n

<\/span><\/p>\n

\u03a0\u03a1\u0399\u039d \u0391\u03a0\u039f \u03a4\u0397\u039d \u039a\u03a1\u0399\u03a3\u0397<\/span><\/strong><\/p>\n

<\/span><\/strong><\/p>\n

\u0397 \u039f\u03c5\u03c1\u03bf\u03c5\u03b3\u03bf\u03c5\u03ac\u03b7 \u03b8\u03b5\u03c9\u03c1\u03bf\u03cd\u03c4\u03b1\u03bd \u03b7 \u0395\u03bb\u03b2\u03b5\u03c4\u03af\u03b1 \u03c4\u03b7\u03c2 \u039b\u03b1\u03c4\u03b9\u03bd\u03b9\u03ba\u03ae\u03c2 \u0391\u03bc\u03b5\u03c1\u03b9\u03ba\u03ae\u03c2, \u03b1\u03c6\u03bf\u03cd \u03b1\u03c0\u03bf\u03c4\u03b5\u03bb\u03bf\u03cd\u03c3\u03b5 \u03c4\u03bf \u03bc\u03b5\u03b3\u03b1\u03bb\u03cd\u03c4\u03b5\u03c1\u03bf \u03c4\u03c1\u03b1\u03c0\u03b5\u03b6\u03b9\u03ba\u03cc \u00ab<\/span>off<\/span> <\/span>shore<\/span>\u00bb \u03ba\u03ad\u03bd\u03c4\u03c1\u03bf \u03c4\u03b7\u03c2 \u03c0\u03b5\u03c1\u03b9\u03bf\u03c7\u03ae\u03c2, \u03b5\u03b9\u03b4\u03b9\u03ba\u03ac \u03b3\u03b9\u03b1 \u03c4\u03bf\u03c5\u03c2 \u03ba\u03b1\u03c4\u03bf\u03af\u03ba\u03bf\u03c5\u03c2 \u03c4\u03b7\u03c2 <\/span>\u0392\u03c1\u03b1\u03b6\u03b9\u03bb\u03af\u03b1\u03c2<\/span><\/a> \u03ba\u03b1\u03b9 \u03c4\u03b7\u03c2 \u0391\u03c1\u03b3\u03b5\u03bd\u03c4\u03b9\u03bd\u03ae\u03c2 – \u03c3\u03b1\u03bd \u03b1\u03c0\u03bf\u03c4\u03ad\u03bb\u03b5\u03c3\u03bc\u03b1 \u03c4\u03b7\u03c2 \u00ab\u03b5\u03c5\u03ad\u03bb\u03b9\u03ba\u03c4\u03b7\u03c2\u00bb \u03c4\u03c1\u03b1\u03c0\u03b5\u03b6\u03b9\u03ba\u03ae\u03c2 \u03bd\u03bf\u03bc\u03bf\u03b8\u03b5\u03c3\u03af\u03b1\u03c2 \u03c4\u03b7\u03c2, \u03ba\u03b1\u03b8\u03ce\u03c2 \u03b5\u03c0\u03af\u03c3\u03b7\u03c2 \u03c4\u03b7\u03c2 \u03b3\u03b5\u03bd\u03b9\u03ba\u03ae\u03c2 \u03b5\u03bc\u03c0\u03b9\u03c3\u03c4\u03bf\u03c3\u03cd\u03bd\u03b7\u03c2 \u03c3\u03c4\u03b7\u03bd \u039f\u03b9\u03ba\u03bf\u03bd\u03bf\u03bc\u03af\u03b1 \u03ba\u03b1\u03b9 \u03c3\u03c4\u03b1 \u03c7\u03c1\u03b7\u03bc\u03b1\u03c4\u03bf\u03c0\u03b9\u03c3\u03c4\u03c9\u03c4\u03b9\u03ba\u03ac \u03b9\u03b4\u03c1\u03cd\u03bc\u03b1\u03c4\u03b1 \u03c4\u03b7\u03c2 (\u03cc\u03c0\u03c9\u03c2 \u03b1\u03ba\u03c1\u03b9\u03b2\u03ce\u03c2 \u03c3\u03c5\u03bc\u03b2\u03b1\u03af\u03bd\u03b5\u03b9 \u03c3\u03ae\u03bc\u03b5\u03c1\u03b1 \u03bc\u03b5 \u03c4\u03b7\u03bd \u0395\u03bb\u03b2\u03b5\u03c4\u03af\u03b1, \u03b3\u03b9\u03b1 \u03c4\u03b7\u03bd \u03bf\u03c0\u03bf\u03af\u03b1 \u03ba\u03b1\u03bd\u03b5\u03af\u03c2 \u03b4\u03b5\u03bd \u03b1\u03bc\u03c6\u03b9\u03b2\u03ac\u03bb\u03bb\u03b5\u03b9, \u03b1\u03bd \u03ba\u03b1\u03b9 \u03bc\u03ac\u03bb\u03bb\u03bf\u03bd \u03b8\u03b1 \u03ad\u03c0\u03c1\u03b5\u03c0\u03b5). <\/span><\/p>\n

<\/span><\/p>\n

\u03a3\u03c4\u03b1 \u03c4\u03ad\u03bb\u03b7 \u03bb\u03bf\u03b9\u03c0\u03cc\u03bd \u03c4\u03bf\u03c5 2001, \u03bc\u03b5 \u03c4\u03b7\u03bd \u03c0\u03b1\u03b3\u03ba\u03cc\u03c3\u03bc\u03b9\u03b1 \u03ba\u03c1\u03af\u03c3\u03b7 \u03c4\u03cc\u03c4\u03b5 \u03c3\u03c4\u03bf \u03b1\u03c0\u03bf\u03ba\u03bf\u03c1\u03cd\u03c6\u03c9\u03bc\u03b1 \u03c4\u03b7\u03c2 (<\/span>\u0391\u03c3\u03af\u03b1<\/span><\/a>, \u03a1\u03c9\u03c3\u03af\u03b1, \u039c\u03b5\u03be\u03b9\u03ba\u03cc, \u0392\u03c1\u03b1\u03b6\u03b9\u03bb\u03af\u03b1, \u0391\u03c1\u03b3\u03b5\u03bd\u03c4\u03b9\u03bd\u03ae \u03ba\u03bb\u03c0.), \u03bf \u03c4\u03c1\u03b1\u03c0\u03b5\u03b6\u03b9\u03ba\u03cc\u03c2 \u03c4\u03bf\u03bc\u03ad\u03b1\u03c2 \u03c4\u03b7\u03c2 \u039f\u03c5\u03c1\u03bf\u03c5\u03b3\u03bf\u03c5\u03ac\u03b7\u03c2 \u03b8\u03b5\u03c9\u03c1\u03bf\u03cd\u03c4\u03b1\u03bd \u03b1\u03c0\u03cc \u03c4\u03bf\u03c5\u03c2 \u03c0\u03b5\u03c1\u03b9\u03c3\u03c3\u03cc\u03c4\u03b5\u03c1\u03bf\u03c5\u03c2 \u03c3\u03b1\u03bd \u03b1\u03c0\u03cc\u03bb\u03c5\u03c4\u03b1 \u03c5\u03b3\u03b9\u03ae\u03c2 \u2013 \u03c0\u03b1\u03c1\u03ac \u03c4\u03bf \u03cc\u03c4\u03b9 \u03b7 \u03cd\u03c6\u03b5\u03c3\u03b7 \u03b5\u03af\u03c7\u03b5 \u03b1\u03c1\u03c7\u03af\u03c3\u03b5\u03b9 \u03b1\u03c0\u03cc \u03c4\u03bf 1999, \u03b5\u03be\u03b1\u03c3\u03b8\u03b5\u03bd\u03ce\u03bd\u03c4\u03b1\u03c2 \u03c3\u03b7\u03bc\u03b1\u03bd\u03c4\u03b9\u03ba\u03ac \u03c4\u03b7\u03bd \u03ba\u03b5\u03c1\u03b4\u03bf\u03c6\u03bf\u03c1\u03af\u03b1 \u03c4\u03c9\u03bd \u03c4\u03c1\u03b1\u03c0\u03b5\u03b6\u03ce\u03bd, <\/strong>\u03bb\u03cc\u03b3\u03c9 \u03c4\u03b7\u03c2 \u03ba\u03c1\u03af\u03c3\u03b7\u03c2 \u03c4\u03c9\u03bd \u03b3\u03b5\u03b9\u03c4\u03bf\u03bd\u03b9\u03ba\u03ce\u03bd \u03c7\u03c9\u03c1\u03ce\u03bd. \u0395\u03b9\u03b4\u03b9\u03ba\u03ac \u03c4\u03b1 \u03b4\u03b7\u03bc\u03cc\u03c3\u03b9\u03b1 \u03c7\u03c1\u03b7\u03bc\u03b1\u03c4\u03bf\u03c0\u03b9\u03c3\u03c4\u03c9\u03c4\u03b9\u03ba\u03ac \u03b9\u03b4\u03c1\u03cd\u03bc\u03b1\u03c4\u03b1 \u03c4\u03b7\u03c2 \u03c7\u03ce\u03c1\u03b1\u03c2, \u03b5\u03ba \u03c4\u03c9\u03bd \u03bf\u03c0\u03bf\u03af\u03c9\u03bd \u03c4\u03b1 \u03b4\u03cd\u03bf \u03bc\u03b5\u03b3\u03b1\u03bb\u03cd\u03c4\u03b5\u03c1\u03b1 (<\/span>BROU<\/span><\/em><\/strong>, <\/span><\/em><\/strong>BHU<\/span><\/em><\/strong>) \u03c3\u03c5\u03b3\u03ba\u03ad\u03bd\u03c4\u03c1\u03c9\u03bd\u03b1\u03bd \u03c4\u03bf 40% \u03c4\u03bf\u03c5 \u03c3\u03c5\u03bd\u03bf\u03bb\u03b9\u03ba\u03bf\u03cd \u0395\u03bd\u03b5\u03c1\u03b3\u03b7\u03c4\u03b9\u03ba\u03bf\u03cd, \u03c6\u03b1\u03af\u03bd\u03bf\u03bd\u03c4\u03b1\u03bd \u03bd\u03b1 \u03ad\u03c7\u03bf\u03c5\u03bd \u03c3\u03c9\u03c3\u03c4\u03ae \u03ba\u03b5\u03c6\u03b1\u03bb\u03b1\u03b9\u03b1\u03ba\u03ae \u03b4\u03b9\u03ac\u03c1\u03b8\u03c1\u03c9\u03c3\u03b7, \u03ba\u03b1\u03b8\u03ce\u03c2 \u03b5\u03c0\u03af\u03c3\u03b7\u03c2 \u03b1\u03c1\u03ba\u03b5\u03c4\u03ae \u03c1\u03b5\u03c5\u03c3\u03c4\u03cc\u03c4\u03b7\u03c4\u03b1. <\/span><\/p>\n

<\/span><\/p>\n

\u03a0\u03b1\u03c1\u03ac\u03bb\u03bb\u03b7\u03bb\u03b1 \u03bb\u03b5\u03b9\u03c4\u03bf\u03c5\u03c1\u03b3\u03bf\u03cd\u03c3\u03b1\u03bd \u03c0\u03b5\u03c1\u03af\u03c0\u03bf\u03c5 30 \u03b9\u03b4\u03b9\u03c9\u03c4\u03b9\u03ba\u03ad\u03c2 \u03c4\u03c1\u03ac\u03c0\u03b5\u03b6\u03b5\u03c2, \u03ba\u03c5\u03c1\u03af\u03c9\u03c2 \u03be\u03ad\u03bd\u03b7\u03c2 \u03b9\u03b4\u03b9\u03bf\u03ba\u03c4\u03b7\u03c3\u03af\u03b1\u03c2,<\/strong> \u03ba\u03b1\u03b8\u03ce\u03c2 \u03b5\u03c0\u03af\u03c3\u03b7\u03c2 \u03bc\u03b5\u03c1\u03b9\u03ba\u03ad\u03c2 \u03c4\u03bf\u03c0\u03b9\u03ba\u03ad\u03c2 \u03b5\u03c0\u03b5\u03bd\u03b4\u03c5\u03c4\u03b9\u03ba\u03ad\u03c2 \u03c4\u03c1\u03ac\u03c0\u03b5\u03b6\u03b5\u03c2 \u03ba\u03b1\u03b9 \u03c4\u03b1\u03bc\u03b9\u03b5\u03c5\u03c4\u03ae\u03c1\u03b9\u03b1. \u039c\u03b5\u03c4\u03b1\u03be\u03cd \u03b1\u03c5\u03c4\u03ce\u03bd, \u03ba\u03c5\u03c1\u03b9\u03b1\u03c1\u03c7\u03bf\u03cd\u03c3\u03b1\u03bd \u03b4\u03cd\u03bf (<\/span>BGU<\/span><\/em><\/strong>, <\/span><\/em><\/strong>BC<\/span><\/em><\/strong>), \u03c4\u03bf \u03c3\u03c5\u03bd\u03bf\u03bb\u03b9\u03ba\u03cc \u03b5\u03bd\u03b5\u03c1\u03b3\u03b7\u03c4\u03b9\u03ba\u03cc \u03c4\u03c9\u03bd \u03bf\u03c0\u03bf\u03af\u03c9\u03bd \u03b1\u03bd\u03c4\u03b9\u03c0\u03c1\u03bf\u03c3\u03ce\u03c0\u03b5\u03c5\u03b5 \u03c4\u03bf 20% \u03c4\u03bf\u03c5 \u03c4\u03c1\u03b1\u03c0\u03b5\u03b6\u03b9\u03ba\u03bf\u03cd \u03c3\u03c5\u03c3\u03c4\u03ae\u03bc\u03b1\u03c4\u03bf\u03c2 \u03c4\u03b7\u03c2 \u039f\u03c5\u03c1\u03bf\u03c5\u03b3\u03bf\u03c5\u03ac\u03b7\u03c2. \u039f\u03bb\u03cc\u03ba\u03bb\u03b7\u03c1\u03bf \u03c4\u03bf \u03c4\u03c1\u03b1\u03c0\u03b5\u03b6\u03b9\u03ba\u03cc \u03c3\u03cd\u03c3\u03c4\u03b7\u03bc\u03b1 \u03ae\u03c4\u03b1\u03bd \u03b5\u03be\u03b1\u03b9\u03c1\u03b5\u03c4\u03b9\u03ba\u03ac \u03b5\u03c5\u03b1\u03af\u03c3\u03b8\u03b7\u03c4\u03bf \u03c3\u03b5 \u03b5\u03be\u03c9\u03c4\u03b5\u03c1\u03b9\u03ba\u03bf\u03cd\u03c2 \u00ab\u03ba\u03c1\u03b1\u03b4\u03b1\u03c3\u03bc\u03bf\u03cd\u03c2\u00bb, \u03b1\u03c6\u03bf\u03cd \u03c7\u03b1\u03c1\u03b1\u03ba\u03c4\u03b7\u03c1\u03b9\u03b6\u03cc\u03c4\u03b1\u03bd \u03b1\u03c0\u03cc \u03c0\u03bf\u03bb\u03cd \u03c5\u03c8\u03b7\u03bb\u03ad\u03c2 \u03ba\u03b1\u03c4\u03b1\u03b8\u03ad\u03c3\u03b5\u03b9\u03c2 \u03c3\u03b5 \u03b4\u03bf\u03bb\u03ac\u03c1\u03b9\u03b1, \u03b1\u03c0\u03cc \u03be\u03ad\u03bd\u03bf\u03c5\u03c2 \u03ba\u03c5\u03c1\u03af\u03c9\u03c2 \u03ba\u03b1\u03c4\u03b1\u03b8\u03ad\u03c4\u03b5\u03c2<\/strong>. \u039f \u03a0\u03af\u03bd\u03b1\u03ba\u03b1\u03c2 \u0399 \u03c0\u03bf\u03c5 \u03b1\u03ba\u03bf\u03bb\u03bf\u03c5\u03b8\u03b5\u03af, \u03b5\u03af\u03bd\u03b1\u03b9 \u03c7\u03b1\u03c1\u03b1\u03ba\u03c4\u03b7\u03c1\u03b9\u03c3\u03c4\u03b9\u03ba\u03cc\u03c2 \u03c4\u03b7\u03c2 \u03b4\u03bf\u03bc\u03ae\u03c2 \u03c4\u03bf\u03c5 \u03c3\u03c5\u03c3\u03c4\u03ae\u03bc\u03b1\u03c4\u03bf\u03c2:<\/span><\/p>\n

<\/span><\/p>\n

\u03a0\u0399\u039d\u0391\u039a\u0391\u03a3 \u0399<\/span><\/strong>: \u0391\u03bd\u03ac\u03bb\u03c5\u03c3\u03b7 \u03c4\u03c9\u03bd \u03c4\u03c1\u03b1\u03c0\u03b5\u03b6\u03b9\u03ba\u03ce\u03bd \u03ba\u03b1\u03c4\u03b1\u03b8\u03ad\u03c3\u03b5\u03c9\u03bd \u03c4\u03b7\u03c2 \u039f\u03c5\u03c1\u03bf\u03c5\u03b3\u03bf\u03c5\u03ac\u03b7\u03c2 \u03c3\u03b5 \u03b4\u03bf\u03bb\u03ac\u03c1\u03b9\u03b1, \u03b1\u03c0\u03cc \u03c4\u03bf \u0394\u03b5\u03ba\u03ad\u03bc\u03b2\u03c1\u03b9\u03bf \u03c4\u03bf\u03c5 2001 \u03ad\u03c9\u03c2 \u03c4\u03bf \u0394\u03b5\u03ba\u03ad\u03bc\u03b2\u03c1\u03b9\u03bf \u03c4\u03bf\u03c5 2002<\/span><\/p>\n

<\/span><\/p>\n\n\n\n\n\n\n\n\n\n
\n

\u039a\u03b1\u03c4\u03b1\u03b8\u03ad\u03c3\u03b5\u03b9\u03c2<\/span><\/strong><\/span><\/p>\n<\/td>\n

\n

\u0394\u03b5\u03ba-01<\/span><\/strong><\/span><\/p>\n<\/td>\n

\n

\u039c\u03b1\u03c1-02<\/span><\/strong><\/span><\/p>\n<\/td>\n

\n

\u0399\u03bf\u03c5\u03bd-02<\/span><\/strong><\/span><\/p>\n<\/td>\n

\n

\u03a3\u03b5\u03c0-02<\/span><\/strong><\/span><\/p>\n<\/td>\n

\n

\u0394\u03b5\u03ba-02<\/span><\/strong><\/span><\/p>\n<\/td>\n<\/tr>\n

\n

<\/span><\/p>\n<\/td>\n

\n

<\/span><\/p>\n<\/td>\n

\n

<\/span><\/p>\n<\/td>\n

\n

<\/span><\/p>\n<\/td>\n

\n

<\/span><\/p>\n<\/td>\n

\n

<\/span><\/p>\n<\/td>\n<\/tr>\n

\n

\u03a3\u03c5\u03bd\u03bf\u03bb\u03b9\u03ba\u03ad\u03c2<\/span><\/p>\n<\/td>\n

\n

15.403<\/span><\/p>\n<\/td>\n

\n

13.475<\/span><\/p>\n<\/td>\n

\n

10.744<\/span><\/p>\n<\/td>\n

\n

8.007<\/span><\/p>\n<\/td>\n

\n

8.374<\/span><\/p>\n<\/td>\n<\/tr>\n

\n

\u039e\u03ad\u03bd\u03bf \u03c3\u03c5\u03bd\u03ac\u03bb.<\/span><\/p>\n<\/td>\n

\n

13.970<\/span><\/p>\n<\/td>\n

\n

12.261<\/span><\/p>\n<\/td>\n

\n

9.824<\/span><\/p>\n<\/td>\n

\n

7.458<\/span><\/p>\n<\/td>\n

\n

7.747<\/span><\/p>\n<\/td>\n<\/tr>\n

\n

\u03a4\u03bf\u03c0\u03b9\u03ba\u03cc \u03bd\u03cc\u03bc\u03b9\u03c3\u03bc\u03b1<\/span><\/p>\n<\/td>\n

\n

1.433<\/span><\/p>\n<\/td>\n

\n

1.214<\/span><\/p>\n<\/td>\n

\n

920<\/span><\/p>\n<\/td>\n

\n

549<\/span><\/p>\n<\/td>\n

\n

627<\/span><\/p>\n<\/td>\n<\/tr>\n

\n

\u039a\u03ac\u03c4\u03bf\u03b9\u03ba\u03bf\u03b9<\/span><\/p>\n<\/td>\n

\n

7.413<\/span><\/p>\n<\/td>\n

\n

6.953<\/span><\/p>\n<\/td>\n

\n

5.958<\/span><\/p>\n<\/td>\n

\n

5.250<\/span><\/p>\n<\/td>\n

\n

5.431<\/span><\/p>\n<\/td>\n<\/tr>\n

\n

\u039e\u03ad\u03bd\u03bf\u03b9<\/span><\/p>\n<\/td>\n

\n

6.557<\/span><\/p>\n<\/td>\n

\n

5.308<\/span><\/p>\n<\/td>\n

\n

3.866<\/span><\/p>\n<\/td>\n

\n

2.208<\/span><\/p>\n<\/td>\n

\n

2.315<\/span><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

\u03a0\u03b7\u03b3\u03ae<\/span><\/strong>:<\/span><\/strong> <\/span>\u0394\u039d\u03a4<\/span><\/a><\/span><\/p>\n

\u03a0\u03af\u03bd\u03b1\u03ba\u03b1\u03c2<\/span><\/strong>:<\/span><\/strong> <\/span>\u0392. \u0392\u03b9\u03bb\u03b9\u03ac\u03c1\u03b4\u03bf\u03c2 <\/span><\/p>\n

\u03a3\u03b7\u03bc\u03b5\u03af\u03c9\u03c3\u03b7<\/span><\/strong>: \u039c\u03b5 \u03ba\u03c1\u03b9\u03c4\u03ae\u03c1\u03b9\u03bf \u03c4\u03b7 \u03bc\u03b5\u03af\u03c9\u03c3\u03b7 \u03c4\u03c9\u03bd \u03ba\u03b1\u03c4\u03b1\u03b8\u03ad\u03c3\u03b5\u03c9\u03bd \u03c3\u03c4\u03b7\u03bd \u039f\u03c5\u03c1\u03bf\u03c5\u03b3\u03bf\u03c5\u03ac\u03b7 \u03ba\u03b1\u03c4\u03ac \u03c0\u03b5\u03c1\u03af\u03c0\u03bf\u03c5 7 \u03b4\u03b9\u03c2 $ \u03bc\u03ad\u03c3\u03b1 \u03c3\u03b5 \u03ad\u03bd\u03b1 \u03ad\u03c4\u03bf\u03c2 (-37,7% \u03c4\u03bf\u03c5 \u0391\u0395\u03a0 \u03c4\u03b7\u03c2), \u03bf\u03b9 \u03ba\u03b1\u03c4\u03b1\u03b8\u03ad\u03c3\u03b5\u03b9\u03c2 \u03c3\u03c4\u03b7\u03bd \u0395\u03bb\u03bb\u03ac\u03b4\u03b1 \u03b8\u03b1 \u03bc\u03c0\u03bf\u03c1\u03bf\u03cd\u03c3\u03b1\u03bd \u03bd\u03b1 \u03bc\u03b5\u03b9\u03c9\u03b8\u03bf\u03cd\u03bd \u03ba\u03b1\u03c4\u03ac 80 \u03b4\u03b9\u03c2 \u20ac – \u03bc\u03af\u03b1 \u03c0\u03bf\u03bb\u03cd \u00ab\u03b1\u03bc\u03c5\u03b4\u03c1\u03ae\u00bb \u03c0\u03b9\u03b8\u03b1\u03bd\u03cc\u03c4\u03b7\u03c4\u03b1 \u03bc\u03b5\u03bd, \u03bb\u03cc\u03b3\u03c9 \u03c4\u03bf\u03c5 \u0395\u03c5\u03c1\u03ce, \u03b7 \u03bf\u03c0\u03bf\u03af\u03b1 \u03cc\u03bc\u03c9\u03c2 \u03bf\u03c6\u03b5\u03af\u03bb\u03b5\u03b9 \u03bc\u03ac\u03bb\u03bb\u03bf\u03bd \u03bd\u03b1 \u03b5\u03be\u03b5\u03c4\u03b1\u03c3\u03b8\u03b5\u03af, \u03ad\u03c3\u03c4\u03c9 \u00ab\u03b5\u03b3\u03ba\u03c5\u03ba\u03bb\u03bf\u03c0\u03b1\u03b9\u03b4\u03b9\u03ba\u03ac\u00bb, \u03b1\u03c0\u03cc \u03c4\u03b9\u03c2 \u03c4\u03c1\u03ac\u03c0\u03b5\u03b6\u03b5\u03c2 \u03bc\u03b1\u03c2. <\/span><\/p>\n

<\/span><\/p>\n

\u038c\u03c0\u03c9\u03c2 \u03b4\u03b9\u03b1\u03c0\u03b9\u03c3\u03c4\u03ce\u03bd\u03b5\u03c4\u03b1\u03b9 \u03b1\u03c0\u03cc \u03c4\u03bf\u03bd \u03a0\u03af\u03bd\u03b1\u03ba\u03b1 \u0399, \u03c4\u03bf \u0394\u03b5\u03ba\u03ad\u03bc\u03b2\u03c1\u03b9\u03bf \u03c4\u03bf\u03c5 2001 \u03bf\u03b9 \u03c3\u03c5\u03bd\u03bf\u03bb\u03b9\u03ba\u03ad\u03c2 \u03ba\u03b1\u03c4\u03b1\u03b8\u03ad\u03c3\u03b5\u03b9\u03c2 \u03ae\u03c4\u03b1\u03bd 15,4 \u03b4\u03b9\u03c2 $ – \u03c4\u03bf 83% \u03b4\u03b7\u03bb\u03b1\u03b4\u03ae \u03c4\u03bf\u03c5 \u0391\u0395\u03a0 \u03c4\u03b7\u03c2 \u039f\u03c5\u03c1\u03bf\u03c5\u03b3\u03bf\u03c5\u03ac\u03b7\u03c2<\/strong> \u03c4\u03cc\u03c4\u03b5 (18,55 \u03b4\u03b9\u03c2 $ – \u03cc\u03c4\u03b1\u03bd \u03c4\u03bf \u0395\u03bb\u03bb\u03b7\u03bd\u03b9\u03ba\u03cc \u0391\u0395\u03a0 \u03c3\u03ae\u03bc\u03b5\u03c1\u03b1 \u03b5\u03af\u03bd\u03b1\u03b9 \u03c0\u03b5\u03c1\u03af \u03c4\u03b1 320 \u03b4\u03b9\u03c2 $ \u03ba\u03b1\u03b9 \u03bf\u03b9 \u03ba\u03b1\u03c4\u03b1\u03b8\u03ad\u03c3\u03b5\u03b9\u03c2 260 \u03b4\u03b9\u03c2 $, \u03ae\u03c4\u03bf\u03b9 \u03c4\u03bf 81%). \u0391\u03c0\u03cc \u03c4\u03b9\u03c2 \u03c3\u03c5\u03bd\u03bf\u03bb\u03b9\u03ba\u03ad\u03c2 \u03ba\u03b1\u03c4\u03b1\u03b8\u03ad\u03c3\u03b5\u03b9\u03c2, \u03c4\u03bf 90% \u03ae\u03c4\u03b1\u03bd \u03c3\u03b5 \u03be\u03ad\u03bd\u03bf \u03c3\u03c5\u03bd\u03ac\u03bb\u03bb\u03b1\u03b3\u03bc\u03b1 (13,97 \u03b4\u03b9\u03c2 $), \u03bc\u03b5 \u03c4\u03bf 47% \u03bd\u03b1 \u03b1\u03bd\u03ae\u03ba\u03bf\u03c5\u03bd \u03c3\u03b5 \u03be\u03ad\u03bd\u03bf\u03c5\u03c2, \u03bc\u03b7 \u03ba\u03b1\u03c4\u03bf\u03af\u03ba\u03bf\u03c5\u03c2 \u03c4\u03b7\u03c2 \u03c7\u03ce\u03c1\u03b1\u03c2. \u03a3\u03c4\u03b1 \u03c0\u03bb\u03b1\u03af\u03c3\u03b9\u03b1 \u03b1\u03c5\u03c4\u03ac, \u03b7 \u03ba\u03b5\u03bd\u03c4\u03c1\u03b9\u03ba\u03ae \u03c4\u03c1\u03ac\u03c0\u03b5\u03b6\u03b1 \u03c4\u03b7\u03c2 \u039f\u03c5\u03c1\u03bf\u03c5\u03b3\u03bf\u03c5\u03ac\u03b7\u03c2 \u03b4\u03b5\u03bd \u03b5\u03c0\u03ad\u03b2\u03b1\u03bb\u03bb\u03b5 \u03b5\u03b9\u03b4\u03b9\u03ba\u03bf\u03cd\u03c2 \u03ba\u03b1\u03bd\u03cc\u03bd\u03b5\u03c2, \u03cc\u03c3\u03bf\u03bd \u03b1\u03c6\u03bf\u03c1\u03ac \u03c4\u03b9\u03c2 \u03ba\u03b1\u03c4\u03b1\u03b8\u03ad\u03c3\u03b5\u03b9\u03c2 \u03c3\u03b5 \u03c3\u03c5\u03bd\u03ac\u03bb\u03bb\u03b1\u03b3\u03bc\u03b1 \u03c4\u03c9\u03bd \u03be\u03ad\u03bd\u03c9\u03bd, \u03c4\u03bf\u03bd \u03c0\u03b5\u03c1\u03b9\u03bf\u03c1\u03b9\u03c3\u03bc\u03cc \u03c4\u03c9\u03bd \u03b1\u03bd\u03b1\u03bb\u03ae\u03c8\u03b5\u03c9\u03bd \u03ae \u03cc\u03c0\u03bf\u03b9\u03bf\u03c5\u03c2 \u03ac\u03bb\u03bb\u03bf\u03c5\u03c2 \u2013 \u03b5\u03bd\u03ce \u03b7 \u03b5\u03c0\u03af\u03b2\u03bb\u03b5\u03c8\u03b7 \u03c4\u03c9\u03bd \u03ba\u03c1\u03b1\u03c4\u03b9\u03ba\u03ce\u03bd \u03c4\u03c1\u03b1\u03c0\u03b5\u03b6\u03ce\u03bd \u03b5\u03ba \u03bc\u03ad\u03c1\u03bf\u03c5\u03c2 \u03c4\u03b7\u03c2 \u03ae\u03c4\u03b1\u03bd \u03c3\u03c7\u03b5\u03b4\u03cc\u03bd \u03b1\u03bd\u03cd\u03c0\u03b1\u03c1\u03ba\u03c4\u03b7.<\/strong><\/span><\/p>\n

<\/span><\/p>\n

\u03a4\u03b1 \u03c3\u03c5\u03bd\u03bf\u03bb\u03b9\u03ba\u03ac \u03b4\u03ac\u03bd\u03b5\u03b9\u03b1 \u03c0\u03bf\u03c5 \u03c0\u03b1\u03c1\u03b5\u03af\u03c7\u03b5 \u03c4\u03bf \u03c4\u03c1\u03b1\u03c0\u03b5\u03b6\u03b9\u03ba\u03cc \u03c3\u03cd\u03c3\u03c4\u03b7\u03bc\u03b1 \u03c3\u03c4\u03b1 \u03c4\u03ad\u03bb\u03b7 \u03c4\u03bf\u03c5 2001 \u03ae\u03c4\u03b1\u03bd \u03c4\u03b7\u03c2 \u03c4\u03ac\u03be\u03b7\u03c2 \u03c4\u03c9\u03bd 11,5 \u03b4\u03b9\u03c2 $, \u03b5\u03ba \u03c4\u03c9\u03bd \u03bf\u03c0\u03bf\u03af\u03c9\u03bd \u03c4\u03b1 8,6 \u03b4\u03b9\u03c2 $ (75%) \u03ae\u03c4\u03b1\u03bd \u03c3\u03b5 \u03be\u03ad\u03bd\u03bf \u03c3\u03c5\u03bd\u03ac\u03bb\u03bb\u03b1\u03b3\u03bc\u03b1 \u2013 \u03ba\u03c5\u03c1\u03af\u03c9\u03c2 \u03c3\u03b5 \u03b4\u03bf\u03bb\u03ac\u03c1\u03b9\u03b1. \u03a0\u03b1\u03c1\u03b1\u03b4\u03cc\u03be\u03c9\u03c2 \u03b4\u03b5, \u03c4\u03b1 6,1 \u03b4\u03b9\u03c2 $ (\u03ae \u03c4\u03bf 71% \u03b1\u03c5\u03c4\u03ce\u03bd \u03c4\u03c9\u03bd \u03b4\u03b1\u03bd\u03b5\u03af\u03c9\u03bd) \u03b5\u03af\u03c7\u03b1\u03bd \u03b4\u03bf\u03b8\u03b5\u03af \u03c3\u03b5 \u03ba\u03b1\u03c4\u03bf\u03af\u03ba\u03bf\u03c5\u03c2 \u03c4\u03b7\u03c2 \u03c7\u03ce\u03c1\u03b1\u03c2, \u03c0\u03b1\u03c1\u03ac \u03c4\u03bf \u03cc\u03c4\u03b9 \u03ba\u03b1\u03bd\u03ad\u03bd\u03b1\u03c2 \u03b1\u03c0\u03cc \u03b1\u03c5\u03c4\u03bf\u03cd\u03c2 \u03b4\u03b5\u03bd \u03b5\u03af\u03c7\u03b5 \u03b5\u03b9\u03c3\u03bf\u03b4\u03ae\u03bc\u03b1\u03c4\u03b1 \u03c3\u03b5 \u03c3\u03c5\u03bd\u03ac\u03bb\u03bb\u03b1\u03b3\u03bc\u03b1<\/strong> \u03ae \u03b1\u03c0\u03cc \u03ac\u03bb\u03bb\u03b5\u03c2 \u03c7\u03ce\u03c1\u03b5\u03c2. <\/span><\/p>\n

<\/span><\/p>\n

\u03a3\u03c4\u03b1 \u03c4\u03ad\u03bb\u03b7 \u03c4\u03bf\u03c5 2001, \u03c4\u03b1 \u03bc\u03b7 \u03b5\u03be\u03c5\u03c0\u03b7\u03c1\u03b5\u03c4\u03bf\u03cd\u03bc\u03b5\u03bd\u03b1 \u03b4\u03ac\u03bd\u03b5\u03b9\u03b1 \u03c4\u03c9\u03bd \u03ba\u03c1\u03b1\u03c4\u03b9\u03ba\u03ce\u03bd \u03c4\u03c1\u03b1\u03c0\u03b5\u03b6\u03ce\u03bd \u03b5\u03af\u03c7\u03b1\u03bd \u03c6\u03c4\u03ac\u03c3\u03b5\u03b9 \u03c3\u03c4\u03bf 39,1% \u03c4\u03c9\u03bd \u03c3\u03c5\u03bd\u03bf\u03bb\u03b9\u03ba\u03ce\u03bd<\/strong> \u2013 \u03ad\u03bd\u03b1\u03bd\u03c4\u03b9 5,6% \u03bc\u03cc\u03bb\u03b9\u03c2 \u03c4\u03c9\u03bd \u03b9\u03b4\u03b9\u03c9\u03c4\u03b9\u03ba\u03ce\u03bd. \u03a4\u03bf \u03ba\u03cc\u03c3\u03c4\u03bf\u03c2 \u03bb\u03b5\u03b9\u03c4\u03bf\u03c5\u03c1\u03b3\u03af\u03b1\u03c2 \u03b4\u03b5 \u03c4\u03c9\u03bd \u03ba\u03c1\u03b1\u03c4\u03b9\u03ba\u03ce\u03bd \u03c4\u03c1\u03b1\u03c0\u03b5\u03b6\u03ce\u03bd \u03ae\u03c4\u03b1\u03bd \u03c0\u03bf\u03bb\u03cd \u03c5\u03c8\u03b7\u03bb\u03cc, \u03b5\u03bd\u03ce \u03c4\u03b1 \u03ba\u03ad\u03c1\u03b4\u03b7 \u03c4\u03bf\u03c5\u03c2 \u03ba\u03b1\u03c4\u03ac \u03c0\u03bf\u03bb\u03cd \u03c7\u03b1\u03bc\u03b7\u03bb\u03cc\u03c4\u03b5\u03c1\u03b1, \u03b1\u03c0\u03cc \u03c4\u03b1 \u03b1\u03bd\u03c4\u03af\u03c3\u03c4\u03bf\u03b9\u03c7\u03b1 \u03c4\u03c9\u03bd \u03b9\u03b4\u03b9\u03c9\u03c4\u03b9\u03ba\u03ce\u03bd \u2013 \u03b5\u03b9\u03b4\u03b9\u03ba\u03ac \u03c4\u03b7\u03c2 <\/span>BHU<\/span>, \u03b7 \u03bf\u03c0\u03bf\u03af\u03b1 \u03ae\u03c4\u03b1\u03bd \u03bf \u03ba\u03c5\u03c1\u03b9\u03cc\u03c4\u03b5\u03c1\u03bf\u03c2 \u00ab\u03c0\u03b1\u03c1\u03bf\u03c7\u03ad\u03b1\u03c2\u00bb \u03c3\u03c4\u03b5\u03b3\u03b1\u03c3\u03c4\u03b9\u03ba\u03ce\u03bd \u03b4\u03b1\u03bd\u03b5\u03af\u03c9\u03bd \u03c4\u03b7\u03c2 \u03c7\u03ce\u03c1\u03b1\u03c2. <\/span><\/p>\n

<\/span><\/p>\n

\u0391\u03c0\u03cc \u03b4\u03b7\u03bc\u03bf\u03c3\u03b9\u03bf\u03bd\u03bf\u03bc\u03b9\u03ba\u03ae\u03c2 \u03c0\u03bb\u03b5\u03c5\u03c1\u03ac\u03c2, \u03b7 \u03cd\u03c6\u03b5\u03c3\u03b7 \u03c0\u03bf\u03c5 \u03be\u03b5\u03ba\u03af\u03bd\u03b7\u03c3\u03b5 \u03c4\u03bf 1999, \u03b4\u03b7\u03bc\u03b9\u03bf\u03c5\u03c1\u03b3\u03bf\u03cd\u03c3\u03b5 \u03c4\u03b5\u03c1\u03ac\u03c3\u03c4\u03b9\u03b1 \u03b5\u03bb\u03bb\u03b5\u03af\u03bc\u03bc\u03b1\u03c4\u03b1 \u03c3\u03c4\u03bf\u03bd \u03ae\u03b4\u03b7 \u03c0\u03c1\u03bf\u03b2\u03bb\u03b7\u03bc\u03b1\u03c4\u03b9\u03ba\u03cc \u03c0\u03c1\u03bf\u03cb\u03c0\u03bf\u03bb\u03bf\u03b3\u03b9\u03c3\u03bc\u03cc \u03c4\u03b7\u03c2 \u039f\u03c5\u03c1\u03bf\u03c5\u03b3\u03bf\u03c5\u03ac\u03b7\u03c2<\/strong> (\u03b1\u03c0\u03cc 38% \u03c4\u03bf\u03c5 \u0391\u0395\u03a0 \u03c4\u03bf 1998, \u03c3\u03c4\u03bf 58% \u03c4\u03bf\u03c5 \u0391\u0395\u03a0<\/strong> \u03c4\u03bf 2001, \u03ba\u03c5\u03c1\u03af\u03c9\u03c2 \u03bb\u03cc\u03b3\u03c9 \u03c4\u03b7\u03c2 \u03b5\u03bd\u03af\u03c3\u03c7\u03c5\u03c3\u03b7\u03c2 \u03c4\u03c9\u03bd \u03c4\u03c1\u03b1\u03c0\u03b5\u03b6\u03ce\u03bd) \u2013 \u03bc\u03b5 \u03c4\u03b7 \u03c7\u03c1\u03b7\u03bc\u03b1\u03c4\u03bf\u03b4\u03cc\u03c4\u03b7\u03c3\u03b7 \u03c4\u03bf\u03c5\u03c2 \u03bd\u03b1 \u03b3\u03af\u03bd\u03b5\u03c4\u03b1\u03b9 \u03bc\u03b5 \u03c4\u03b7 \u03c3\u03cd\u03bd\u03b1\u03c8\u03b7 \u03be\u03ad\u03bd\u03c9\u03bd \u03b4\u03b1\u03bd\u03b5\u03af\u03c9\u03bd (\u03c3\u03b5 \u03c3\u03c5\u03bd\u03ac\u03bb\u03bb\u03b1\u03b3\u03bc\u03b1). \u039b\u03af\u03b3\u03bf \u03c0\u03c1\u03b9\u03bd \u03b1\u03c0\u03cc \u03c4\u03bf \u03be\u03ad\u03c3\u03c0\u03b1\u03c3\u03bc\u03b1 \u03c4\u03b7\u03c2 \u03ba\u03c1\u03af\u03c3\u03b7\u03c2, \u03c4\u03bf \u03c3\u03c5\u03bd\u03bf\u03bb\u03b9\u03ba\u03cc \u03b4\u03b7\u03bc\u03cc\u03c3\u03b9\u03bf \u03c7\u03c1\u03ad\u03bf\u03c2 \u03ae\u03c4\u03b1\u03bd 10,7 \u03b4\u03b9\u03c2 $ (57,7% \u03c4\u03bf\u03c5 \u0391\u0395\u03a0<\/strong>), \u03b5\u03ba \u03c4\u03c9\u03bd \u03bf\u03c0\u03bf\u03af\u03c9\u03bd \u03c4\u03bf 83% \u03c3\u03b5 \u03be\u03ad\u03bd\u03bf \u03c3\u03c5\u03bd\u03ac\u03bb\u03bb\u03b1\u03b3\u03bc\u03b1 (\u03b3\u03b9\u03b1 \u03c3\u03cd\u03b3\u03ba\u03c1\u03b9\u03c3\u03b7, \u00ab\u03bc\u03cc\u03bb\u03b9\u03c2\u00bb \u03c4\u03bf 30% \u03c4\u03bf\u03c5 \u03c3\u03c5\u03bd\u03bf\u03bb\u03b9\u03ba\u03bf\u03cd \u03b4\u03b1\u03bd\u03b5\u03b9\u03c3\u03bc\u03bf\u03cd \u03c4\u03b7\u03c2 <\/span>\u03a4\u03bf\u03c5\u03c1\u03ba\u03af\u03b1\u03c2<\/span><\/span><\/a> \u03c3\u03ae\u03bc\u03b5\u03c1\u03b1 \u03b5\u03af\u03bd\u03b1\u03b9 \u03c3\u03b5 \u03be\u03ad\u03bd\u03bf \u03c3\u03c5\u03bd\u03ac\u03bb\u03bb\u03b1\u03b3\u03bc\u03b1). <\/span><\/p>\n

<\/span><\/p>\n

\u03a0\u03b5\u03c1\u03b1\u03b9\u03c4\u03ad\u03c1\u03c9, \u03c4\u03bf \u03b4\u03b7\u03bc\u03cc\u03c3\u03b9\u03bf \u03c7\u03c1\u03ad\u03bf\u03c2 \u03c9\u03c2 \u03c0\u03c1\u03bf\u03c2 \u03c4\u03bf \u0391\u0395\u03a0 \u03c4\u03b7\u03c2 \u0391\u03c1\u03b3\u03b5\u03bd\u03c4\u03b9\u03bd\u03ae\u03c2 \u03c4\u03bf \u03af\u03b4\u03b9\u03bf \u03ad\u03c4\u03bf\u03c2 \u03ae\u03c4\u03b1\u03bd 51% \u03ba\u03b1\u03b9 \u03c4\u03b7\u03c2 \u0392\u03c1\u03b1\u03b6\u03b9\u03bb\u03af\u03b1\u03c2, \u03c4\u03bf 1999, \u03bc\u03cc\u03bb\u03b9\u03c2 44% <\/strong>(\u00ab\u03bf\u03bd\u03b5\u03b9\u03c1\u03b5\u03bc\u03ad\u03bd\u03b1\u00bb \u03bc\u03b5\u03b3\u03ad\u03b8\u03b7, \u03c3\u03b5 \u03c3\u03c7\u03ad\u03c3\u03b7 \u03bc\u03b5 \u03c4\u03bf 160% \u03c4\u03b7\u03c2 \u0395\u03bb\u03bb\u03ac\u03b4\u03b1\u03c2 \u03ae \u03c4\u03bf 130% \u03c4\u03b7\u03c2 \u0399\u03c4\u03b1\u03bb\u03af\u03b1\u03c2).<\/strong> \u03a4\u03bf \u03c7\u03c1\u03ad\u03bf\u03c2 \u03c4\u03b7\u03c2 \u039f\u03c5\u03c1\u03bf\u03c5\u03b3\u03bf\u03c5\u03ac\u03b7\u03c2 \u03b1\u03c5\u03be\u03ae\u03b8\u03b7\u03ba\u03b5 \u03c3\u03c4\u03bf 93% \u03c4\u03bf\u03c5 \u0391\u0395\u03a0 \u03c4\u03bf \u0394\u03b5\u03ba\u03ad\u03bc\u03b2\u03c1\u03b9\u03bf \u03c4\u03bf\u03c5 2002 \u03ba\u03b1\u03b9 \u03c3\u03c4\u03bf 108% \u03c4\u03bf\u03c5 \u0391\u0395\u03a0 \u03c4\u03bf \u0394\u03b5\u03ba\u03ad\u03bc\u03b2\u03c1\u03b9\u03bf \u03c4\u03bf\u03c5 2003 \u2013 \u03c3\u03b1\u03bd \u03b1\u03c0\u03bf\u03c4\u03ad\u03bb\u03b5\u03c3\u03bc\u03b1 \u03c4\u03b7\u03c2 \u03ba\u03c1\u03af\u03c3\u03b7\u03c2, \u03c4\u03b7\u03c2 \u03bc\u03b5\u03af\u03c9\u03c3\u03b7\u03c2 \u03c4\u03bf\u03c5 \u0391\u0395\u03a0 (\u03cd\u03c6\u03b5\u03c3\u03b7), \u03ba\u03c5\u03c1\u03af\u03c9\u03c2 \u03b4\u03b5 \u03c4\u03b7\u03c2 \u03c5\u03c0\u03bf\u03c4\u03af\u03bc\u03b7\u03c3\u03b7\u03c2 \u03c4\u03bf\u03c5 \u03bd\u03bf\u03bc\u03af\u03c3\u03bc\u03b1\u03c4\u03bf\u03c2 \u03c4\u03b7\u03c2<\/strong>, \u03b7 \u03bf\u03c0\u03bf\u03af\u03b1 \u03c0\u03bb\u03b7\u03c3\u03af\u03b1\u03c3\u03b5 \u03c4\u03b1 \u03b5\u03c0\u03af\u03c0\u03b5\u03b4\u03b1 \u03c4\u03bf\u03c5 50% (\u03b7 \u03c5\u03c0\u03bf\u03c4\u03af\u03bc\u03b7\u03c3\u03b7 \u03b5\u03af\u03bd\u03b1\u03b9 \u03ad\u03bd\u03b1\u03c2 \u03b1\u03c0\u03cc \u03c4\u03bf\u03c5\u03c2 \u03b2\u03b1\u03c3\u03b9\u03ba\u03bf\u03cd\u03c2 \u03bb\u03cc\u03b3\u03bf\u03c5\u03c2 \u03c0\u03bf\u03c5 \u03b1\u03c5\u03be\u03ae\u03b8\u03b7\u03ba\u03b1\u03bd \u03ba\u03b1\u03b9 \u03c4\u03b1 \u03b4\u03b7\u03bc\u03cc\u03c3\u03b9\u03b1 \u03c7\u03c1\u03ad\u03b7 \u03c9\u03c2 \u03c0\u03c1\u03bf\u03c2 \u03c4\u03bf \u0391\u0395\u03a0, \u03c4\u03cc\u03c3\u03bf \u03c4\u03b7\u03c2 \u0391\u03c1\u03b3\u03b5\u03bd\u03c4\u03b9\u03bd\u03ae\u03c2, \u03cc\u03c3\u03bf \u03ba\u03b1\u03b9 \u03c4\u03b7\u03c2 \u0392\u03c1\u03b1\u03b6\u03b9\u03bb\u03af\u03b1\u03c2 \u2013 \u03b5\u03c0\u03af\u03c3\u03b7\u03c2 \u03ad\u03bd\u03b1\u03c2 \u03b1\u03c0\u03cc \u03c4\u03bf\u03c5\u03c2 \u03bb\u03cc\u03b3\u03bf\u03c5\u03c2 \u03c0\u03bf\u03c5 \u03b8\u03b1 \u03c7\u03b1\u03c1\u03b1\u03ba\u03c4\u03ae\u03c1\u03b9\u03b6\u03b1\u03bd \u03ad\u03b3\u03ba\u03bb\u03b7\u03bc\u03b1 \u03c4\u03b7\u03bd \u03b5\u03c0\u03b9\u03c3\u03c4\u03c1\u03bf\u03c6\u03ae \u03c4\u03b7\u03c2 \u03c7\u03ce\u03c1\u03b1\u03c2 \u03bc\u03b1\u03c2 \u03c3\u03c4\u03b7 \u03b4\u03c1\u03b1\u03c7\u03bc\u03ae, \u03c7\u03c9\u03c1\u03af\u03c2 \u03c4\u03b7\u03bd \u03c0\u03b1\u03c1\u03bf\u03c7\u03ae \u03c0\u03bf\u03bb\u03bb\u03b1\u03c0\u03bb\u03ac\u03c3\u03b9\u03b1\u03c2 \u03b1\u03be\u03af\u03b1\u03c2 \u03b1\u03bd\u03c4\u03b1\u03bb\u03bb\u03b1\u03b3\u03bc\u03ac\u03c4\u03c9\u03bd). <\/span><\/p>\n

<\/span><\/p>\n

\u03a3\u03c5\u03bc\u03c0\u03b5\u03c1\u03b1\u03c3\u03bc\u03b1\u03c4\u03b9\u03ba\u03ac \u03bb\u03bf\u03b9\u03c0\u03cc\u03bd, \u03c3\u03c4\u03b1 \u03c4\u03ad\u03bb\u03b7 \u03c4\u03bf\u03c5 2001 \u03b7 \u03bf\u03b9\u03ba\u03bf\u03bd\u03bf\u03bc\u03af\u03b1 \u03c4\u03b7\u03c2 \u039f\u03c5\u03c1\u03bf\u03c5\u03b3\u03bf\u03c5\u03ac\u03b7\u03c2 \u03c5\u03c0\u03ad\u03c6\u03b5\u03c1\u03b5 \u03b1\u03c0\u03cc \u03bc\u03af\u03b1 \u03b5\u03ba\u03c4\u03b5\u03c4\u03b1\u03bc\u03ad\u03bd\u03b7 \u03ba\u03c1\u03af\u03c3\u03b7 \u03c4\u03c9\u03bd \u03ba\u03c1\u03b1\u03c4\u03b9\u03ba\u03ce\u03bd \u03c4\u03c1\u03b1\u03c0\u03b5\u03b6\u03ce\u03bd<\/strong>, \u03b1\u03c0\u03cc \u03c4\u03b7\u03bd \u03b5\u03be\u03ac\u03c1\u03c4\u03b7\u03c3\u03b7 \u03c4\u03b7\u03c2 \u03b1\u03c0\u03cc \u03c4\u03bf \u03be\u03ad\u03bd\u03bf \u03c3\u03c5\u03bd\u03ac\u03bb\u03bb\u03b1\u03b3\u03bc\u03b1, \u03ba\u03b1\u03b8\u03ce\u03c2 \u03b5\u03c0\u03af\u03c3\u03b7\u03c2 \u03b1\u03c0\u03cc \u03bc\u03b5\u03b9\u03c9\u03bc\u03ad\u03bd\u03b7 \u03b1\u03bd\u03c4\u03b1\u03b3\u03c9\u03bd\u03b9\u03c3\u03c4\u03b9\u03ba\u03cc\u03c4\u03b7\u03c4\u03b1, \u03b7 \u03bf\u03c0\u03bf\u03af\u03b1 \u03c0\u03c1\u03bf\u03ba\u03b1\u03bb\u03bf\u03cd\u03c3\u03b5 \u03bc\u03b5\u03b3\u03ac\u03bb\u03b1 \u03b5\u03bb\u03bb\u03b5\u03af\u03bc\u03bc\u03b1\u03c4\u03b1 – \u03bb\u03cc\u03b3\u03c9 \u03c4\u03b7\u03c2 \u03c5\u03c0\u03bf\u03c4\u03af\u03bc\u03b7\u03c3\u03b7\u03c2 \u03c4\u03c9\u03bd \u03bd\u03bf\u03bc\u03b9\u03c3\u03bc\u03ac\u03c4\u03c9\u03bd \u03c4\u03c9\u03bd \u03b2\u03b1\u03c3\u03b9\u03ba\u03ce\u03bd \u03b5\u03bc\u03c0\u03bf\u03c1\u03b9\u03ba\u03ce\u03bd \u03b5\u03c4\u03b1\u03af\u03c1\u03c9\u03bd \u03c4\u03b7\u03c2. \u039a\u03ac\u03c4\u03c9 \u03b1\u03c0\u03cc \u03b1\u03c5\u03c4\u03ad\u03c2 \u03c4\u03b9\u03c2 \u03c3\u03c5\u03bd\u03b8\u03ae\u03ba\u03b5\u03c2, \u03bf \u03c4\u03c1\u03b1\u03c0\u03b5\u03b6\u03b9\u03ba\u03cc\u03c2 \u03c4\u03bf\u03bc\u03ad\u03b1\u03c2 \u03c4\u03b7\u03c2 \u03c7\u03ce\u03c1\u03b1\u03c2 \u03ae\u03c4\u03b1\u03bd \u03b5\u03be\u03b1\u03b9\u03c1\u03b5\u03c4\u03b9\u03ba\u03ac \u03b5\u03c5\u03b1\u03af\u03c3\u03b8\u03b7\u03c4\u03bf\u03c2 \u03c3\u03b5 \u03b5\u03be\u03c9\u03c4\u03b5\u03c1\u03b9\u03ba\u03ac \u03c3\u03bf\u03ba, \u03ba\u03b1\u03b8\u03ce\u03c2 \u03b5\u03c0\u03af\u03c3\u03b7\u03c2 \u03c3\u03c4\u03b7\u03bd (\u03b5\u03bd\u03b4\u03b5\u03c7\u03cc\u03bc\u03b5\u03bd\u03b7 \u03c4\u03cc\u03c4\u03b5), \u03c5\u03c0\u03bf\u03c4\u03af\u03bc\u03b7\u03c3\u03b7 \u03c4\u03bf\u03c5 \u03b5\u03b8\u03bd\u03b9\u03ba\u03bf\u03cd \u03bd\u03bf\u03bc\u03af\u03c3\u03bc\u03b1\u03c4\u03bf\u03c2. <\/span><\/p>\n

<\/span><\/p>\n

\u03a4\u039f \u039e\u0395\u03a3\u03a0\u0391\u03a3\u039c\u0391 \u03a4\u0397\u03a3 \u039a\u03a1\u0399\u03a3\u0397\u03a3 <\/span><\/strong><\/p>\n

<\/span><\/strong><\/p>\n

\u0397 \u03ba\u03c1\u03af\u03c3\u03b7 \u03be\u03b5\u03ba\u03af\u03bd\u03b7\u03c3\u03b5 \u03c4\u03bf \u0394\u03b5\u03ba\u03ad\u03bc\u03b2\u03c1\u03b9\u03bf \u03c4\u03bf\u03c5 2001, \u03cc\u03c4\u03b1\u03bd \u03b7 \u03ba\u03c5\u03b2\u03ad\u03c1\u03bd\u03b7\u03c3\u03b7 \u03c4\u03b7\u03c2 \u0391\u03c1\u03b3\u03b5\u03bd\u03c4\u03b9\u03bd\u03ae\u03c2 \u03b5\u03c0\u03ad\u03b2\u03b1\u03bb\u03bb\u03b5 \u03c3\u03c4\u03bf\u03c5\u03c2 \u03ba\u03b1\u03c4\u03bf\u03af\u03ba\u03bf\u03c5\u03c2 \u03c4\u03b7\u03c2 \u03b5\u03bb\u03ad\u03b3\u03c7\u03bf\u03c5\u03c2 \u03b4\u03b9\u03b1\u03ba\u03af\u03bd\u03b7\u03c3\u03b7\u03c2 \u03ba\u03b5\u03c6\u03b1\u03bb\u03b1\u03af\u03c9\u03bd \u03ba\u03b1\u03b9 \u00ab\u03c0\u03ac\u03b3\u03c9\u03c3\u03b5\u00bb \u03c4\u03b9\u03c2 \u03ba\u03b1\u03c4\u03b1\u03b8\u03ad\u03c3\u03b5\u03b9\u03c2 \u03c4\u03bf\u03c5\u03c2 (\u03c4\u03bf \u03b3\u03bd\u03c9\u03c3\u03c4\u03cc \u00ab<\/span>corralito<\/span><\/em><\/strong>\u00bb). \u0395\u03ba\u03b5\u03af\u03bd\u03b7 \u03c4\u03b7 \u03c3\u03c4\u03b9\u03b3\u03bc\u03ae, \u03bf\u03b9 \u03b4\u03cd\u03bf \u03bc\u03b5\u03b3\u03b1\u03bb\u03cd\u03c4\u03b5\u03c1\u03b5\u03c2 \u03b9\u03b4\u03b9\u03c9\u03c4\u03b9\u03ba\u03ad\u03c2 \u03c4\u03c1\u03ac\u03c0\u03b5\u03b6\u03b5\u03c2 \u03c4\u03b7\u03c2 \u039f\u03c5\u03c1\u03bf\u03c5\u03b3\u03bf\u03c5\u03ac\u03b7\u03c2 \u03b1\u03bd\u03c4\u03b9\u03bc\u03b5\u03c4\u03ce\u03c0\u03b9\u03c3\u03b1\u03bd \u03c0\u03c1\u03bf\u03b2\u03bb\u03ae\u03bc\u03b1\u03c4\u03b1 \u03c1\u03b5\u03c5\u03c3\u03c4\u03cc\u03c4\u03b7\u03c4\u03b1\u03c2, \u03bb\u03cc\u03b3\u03c9 \u03c4\u03b7\u03c2 \u03bc\u03b5\u03b3\u03ac\u03bb\u03b7\u03c2 \u03ad\u03ba\u03b8\u03b5\u03c3\u03b7\u03c2 \u03c4\u03bf\u03c5\u03c2 \u03c3\u03c4\u03b7\u03bd \u0391\u03c1\u03b3\u03b5\u03bd\u03c4\u03b9\u03bd\u03ae. \u03a3\u03c4\u03b7\u03bd \u03c0\u03c1\u03b1\u03b3\u03bc\u03b1\u03c4\u03b9\u03ba\u03cc\u03c4\u03b7\u03c4\u03b1 \u03b2\u03ad\u03b2\u03b1\u03b9\u03b1, \u03bf\u03b9 \u03b4\u03cd\u03bf \u03b1\u03c5\u03c4\u03ad\u03c2 \u03c4\u03c1\u03ac\u03c0\u03b5\u03b6\u03b5\u03c2 (\u00ab\u03c5\u03c0\u03b5\u03cd\u03b8\u03c5\u03bd\u03b5\u03c2\u00bb \u03b3\u03b9\u03b1 \u03c4\u03bf 20% \u03c4\u03c9\u03bd \u03c3\u03c5\u03bd\u03bf\u03bb\u03b9\u03ba\u03ce\u03bd \u03ba\u03b1\u03c4\u03b1\u03b8\u03ad\u03c3\u03b5\u03c9\u03bd \u03b5\u03bd\u03c4\u03cc\u03c2 \u03c4\u03bf\u03c5 \u03c3\u03c5\u03c3\u03c4\u03ae\u03bc\u03b1\u03c4\u03bf\u03c2) \u03b1\u03bd\u03ae\u03ba\u03b1\u03bd \u03c3\u03b5 \u03bf\u03b9\u03ba\u03bf\u03bd\u03bf\u03bc\u03b9\u03ba\u03bf\u03cd\u03c2 \u03bf\u03bc\u03af\u03bb\u03bf\u03c5\u03c2 \u03c4\u03b7\u03c2 \u0391\u03c1\u03b3\u03b5\u03bd\u03c4\u03b9\u03bd\u03ae\u03c2 – \u03bf\u03c0\u03cc\u03c4\u03b5 \u03ae\u03c4\u03b1\u03bd \u03b5\u03be\u03b1\u03b9\u03c1\u03b5\u03c4\u03b9\u03ba\u03ac \u03b5\u03c5\u03b1\u03af\u03c3\u03b8\u03b7\u03c4\u03b5\u03c2 \u03c3\u03c4\u03b9\u03c2 \u03b5\u03ba\u03b5\u03af \u03c3\u03c5\u03bd\u03b8\u03ae\u03ba\u03b5\u03c2. <\/span><\/p>\n

<\/span><\/p>\n

\u0395\u03b9\u03b4\u03b9\u03ba\u03ac \u03b7 <\/span>BGU<\/span><\/strong>, \u03b7 \u03bd\u03bf\u03cd\u03bc\u03b5\u03c1\u03bf \u03b4\u03cd\u03bf \u03c4\u03c1\u03ac\u03c0\u03b5\u03b6\u03b1 \u03c4\u03b7\u03c2 \u039f\u03c5\u03c1\u03bf\u03c5\u03b3\u03bf\u03c5\u03ac\u03b7\u03c2 \u03c3\u03b5 \u03cc\u03c1\u03bf\u03c5\u03c2 \u03b5\u03bd\u03b5\u03c1\u03b3\u03b7\u03c4\u03b9\u03ba\u03bf\u03cd, \u03ae\u03c4\u03b1\u03bd \u03c5\u03c0\u03bf\u03ba\u03b1\u03c4\u03ac\u03c3\u03c4\u03b7\u03bc\u03b1 \u03c4\u03b7\u03c2 \u03bc\u03b5\u03b3\u03b1\u03bb\u03cd\u03c4\u03b5\u03c1\u03b7\u03c2 \u03b9\u03b4\u03b9\u03c9\u03c4\u03b9\u03ba\u03ae\u03c2 \u03c4\u03c1\u03ac\u03c0\u03b5\u03b6\u03b1\u03c2 \u03c4\u03b7\u03c2 \u0391\u03c1\u03b3\u03b5\u03bd\u03c4\u03b9\u03bd\u03ae\u03c2 (<\/span>Galicia<\/span>) \u2013 \u03b5\u03bd\u03ce \u03b5\u03af\u03c7\u03b5 \u03b5\u03c0\u03b9\u03ba\u03b5\u03bd\u03c4\u03c1\u03ce\u03c3\u03b5\u03b9 \u03c4\u03b9\u03c2 \u03b4\u03c1\u03b1\u03c3\u03c4\u03b7\u03c1\u03b9\u03cc\u03c4\u03b7\u03c4\u03b5\u03c2 \u03c4\u03b7\u03c2 \u03c3\u03c7\u03b5\u03b4\u03cc\u03bd \u03b1\u03c0\u03bf\u03ba\u03bb\u03b5\u03b9\u03c3\u03c4\u03b9\u03ba\u03ac \u03c3\u03c4\u03b7 \u03bb\u03ae\u03c8\u03b7 \u03ba\u03b1\u03c4\u03b1\u03b8\u03ad\u03c3\u03b5\u03c9\u03bd \u0391\u03c1\u03b3\u03b5\u03bd\u03c4\u03b9\u03bd\u03ce\u03bd \u03c5\u03c0\u03b7\u03ba\u03cc\u03c9\u03bd, \u03ba\u03b1\u03b8\u03ce\u03c2 \u03b5\u03c0\u03af\u03c3\u03b7\u03c2 \u03c3\u03c4\u03bf \u03b4\u03b1\u03bd\u03b5\u03b9\u03c3\u03bc\u03cc \u0391\u03c1\u03b3\u03b5\u03bd\u03c4\u03b9\u03bd\u03ce\u03bd, \u03b9\u03b4\u03b9\u03c9\u03c4\u03ce\u03bd \u03ba\u03b1\u03b9 \u03b5\u03c0\u03b9\u03c7\u03b5\u03b9\u03c1\u03ae\u03c3\u03b5\u03c9\u03bd. <\/span><\/p>\n

<\/span><\/p>\n

\u038c\u03c4\u03b1\u03bd \u03bb\u03bf\u03b9\u03c0\u03cc\u03bd \u03b7 \u0391\u03c1\u03b3\u03b5\u03bd\u03c4\u03b9\u03bd\u03ae \u03b5\u03c0\u03ad\u03b2\u03b1\u03bb\u03bb\u03b5 \u03b5\u03bb\u03ad\u03b3\u03c7\u03bf\u03c5\u03c2 \u03b4\u03b9\u03b1\u03ba\u03af\u03bd\u03b7\u03c3\u03b7\u03c2 \u03ba\u03b5\u03c6\u03b1\u03bb\u03b1\u03af\u03c9\u03bd \u03ba\u03b1\u03b9 \u00ab\u03c0\u03ac\u03b3\u03c9\u03bc\u03b1\u00bb \u03ba\u03b1\u03c4\u03b1\u03b8\u03ad\u03c3\u03b5\u03c9\u03bd, \u03b7 <\/span>BGU<\/span><\/strong> \u03b1\u03c6\u03b5\u03bd\u03cc\u03c2 \u03bc\u03b5\u03bd \u03b1\u03c0\u03bf\u03bc\u03bf\u03bd\u03ce\u03b8\u03b7\u03ba\u03b5 \u03b1\u03c0\u03cc \u03c4\u03b1 \u03c0\u03b5\u03c1\u03b9\u03bf\u03c5\u03c3\u03b9\u03b1\u03ba\u03ac \u03c4\u03b7\u03c2 \u03c3\u03c4\u03bf\u03b9\u03c7\u03b5\u03af\u03b1 \u03c3\u03c4\u03b7\u03bd \u0391\u03c1\u03b3\u03b5\u03bd\u03c4\u03b9\u03bd\u03ae, \u03b1\u03c6\u03b5\u03c4\u03ad\u03c1\u03bf\u03c5 \u03b1\u03bd\u03c4\u03b9\u03bc\u03b5\u03c4\u03ce\u03c0\u03b9\u03c3\u03b5 \u03b5\u03ba\u03c1\u03bf\u03ae \u03ba\u03b1\u03c4\u03b1\u03b8\u03ad\u03c3\u03b5\u03c9\u03bd<\/span><\/strong>, \u03b5\u03ba \u03bc\u03ad\u03c1\u03bf\u03c5\u03c2 \u03c4\u03c9\u03bd \u0391\u03c1\u03b3\u03b5\u03bd\u03c4\u03b9\u03bd\u03ce\u03bd (\u03bf\u03b9 \u03bd\u03ad\u03b5\u03c2 \u03b5\u03c3\u03c4\u03af\u03b5\u03c2 \u03c0\u03c5\u03c1\u03ba\u03b1\u03b3\u03b9\u03ac\u03c2<\/span><\/a><\/strong> \u03c3\u03c4\u03b7\u03bd \u0391. \u0395\u03c5\u03c1\u03ce\u03c0\u03b7, \u03b5\u03c0\u03af\u03c3\u03b7\u03c2 \u03c3\u03c4\u03b7\u03bd \u03a4\u03bf\u03c5\u03c1\u03ba\u03af\u03b1<\/span><\/a>, \u03bf\u03c6\u03b5\u03af\u03bb\u03bf\u03c5\u03bd \u03bd\u03b1 \u03c0\u03c1\u03bf\u03c3\u03b5\u03c7\u03b8\u03bf\u03cd\u03bd \u03b9\u03b4\u03b9\u03b1\u03af\u03c4\u03b5\u03c1\u03b1 \u03b1\u03c0\u03cc \u03c4\u03b9\u03c2 \u0395\u03bb\u03bb\u03b7\u03bd\u03b9\u03ba\u03ad\u03c2 \u03c4\u03c1\u03ac\u03c0\u03b5\u03b6\u03b5\u03c2). <\/span><\/p>\n

<\/span><\/p>\n

\u039c\u03cc\u03bd\u03bf \u03c4\u03bf\u03bd \u0399\u03b1\u03bd\u03bf\u03c5\u03ac\u03c1\u03b9\u03bf \u03c4\u03bf\u03c5 2002, \u03b7 <\/span>BGU<\/span> <\/span>\u03ad\u03c7\u03b1\u03c3\u03b5 \u03c4\u03bf 15% \u03c4\u03c9\u03bd \u03c3\u03c5\u03bd\u03bf\u03bb\u03b9\u03ba\u03ce\u03bd \u03ba\u03b1\u03c4\u03b1\u03b8\u03ad\u03c3\u03b5\u03c9\u03bd \u03c4\u03b7\u03c2, \u03b1\u03bd\u03c4\u03b9\u03bc\u03b5\u03c4\u03c9\u03c0\u03af\u03b6\u03bf\u03bd\u03c4\u03b1\u03c2 \u03b1\u03bc\u03ad\u03c3\u03c9\u03c2 \u03c4\u03b5\u03c1\u03ac\u03c3\u03c4\u03b9\u03b1 \u03c0\u03c1\u03bf\u03b2\u03bb\u03ae\u03bc\u03b1\u03c4\u03b1 \u03c1\u03b5\u03c5\u03c3\u03c4\u03cc\u03c4\u03b7\u03c4\u03b1\u03c2 \u2013 \u03bc\u03b5 \u03b1\u03c0\u03bf\u03c4\u03ad\u03bb\u03b5\u03c3\u03bc\u03b1 \u03b7 \u03ba\u03b5\u03bd\u03c4\u03c1\u03b9\u03ba\u03ae \u03c4\u03c1\u03ac\u03c0\u03b5\u03b6\u03b1 \u03c4\u03b7\u03c2 \u039f\u03c5\u03c1\u03bf\u03c5\u03b3\u03bf\u03c5\u03ac\u03b7\u03c2 \u03bd\u03b1 \u03c5\u03c0\u03bf\u03c7\u03c1\u03b5\u03c9\u03b8\u03b5\u03af \u03bd\u03b1 \u03c3\u03c4\u03b1\u03bc\u03b1\u03c4\u03ae\u03c3\u03b5\u03b9 \u03c4\u03b7 \u03bb\u03b5\u03b9\u03c4\u03bf\u03c5\u03c1\u03b3\u03af\u03b1 \u03c4\u03b7\u03c2<\/strong> (\u03b1\u03c0\u03cc\u03c3\u03c5\u03c1\u03c3\u03b7 \u03b1\u03b4\u03b5\u03af\u03b1\u03c2 \u03c3\u03c4\u03b9\u03c2 13. \u03a6\u03b5\u03b2\u03c1\u03bf\u03c5\u03b1\u03c1\u03af\u03bf\u03c5). \u039a\u03ac\u03c4\u03b9 \u03b1\u03bd\u03ac\u03bb\u03bf\u03b3\u03bf \u03b8\u03b1 \u03bc\u03c0\u03bf\u03c1\u03bf\u03cd\u03c3\u03b5 \u03bd\u03b1 \u03c3\u03c5\u03bc\u03b2\u03b5\u03af \u03ba\u03b1\u03b9 \u03c3\u03c4\u03b7\u03bd \u0395\u03bb\u03b2\u03b5\u03c4\u03af\u03b1, \u03c3\u03c4\u03bf \u039b\u03bf\u03c5\u03be\u03b5\u03bc\u03b2\u03bf\u03cd\u03c1\u03b3\u03bf \u03ae \u03c3\u03c4\u03b7 \u039c. \u0392\u03c1\u03b5\u03c4\u03b1\u03bd\u03af\u03b1, \u03c3\u03b5 \u03c0\u03b5\u03c1\u03af\u03c0\u03c4\u03c9\u03c3\u03b7 \u03c1\u03b1\u03b3\u03b4\u03b1\u03af\u03b1\u03c2 \u03b5\u03c0\u03b9\u03b4\u03b5\u03af\u03bd\u03c9\u03c3\u03b7\u03c2 \u03c4\u03b7\u03c2 \u03ba\u03c1\u03af\u03c3\u03b7\u03c2 \u03c7\u03c1\u03ad\u03bf\u03c5\u03c2 \u03c4\u03b7\u03c2 \u0395\u03c5\u03c1\u03c9\u03b6\u03ce\u03bd\u03b7\u03c2 \u03ae \u03c4\u03c9\u03bd \u0397.\u03a0.\u0391. <\/span><\/p>\n

<\/span><\/p>\n

\u0397 <\/span>BC<\/span><\/strong> \u03c4\u03ce\u03c1\u03b1, \u03b7 \u03bc\u03b5\u03b3\u03b1\u03bb\u03cd\u03c4\u03b5\u03c1\u03b7 \u03c4\u03cc\u03c4\u03b5 \u03b9\u03b4\u03b9\u03c9\u03c4\u03b9\u03ba\u03ae \u03c4\u03c1\u03ac\u03c0\u03b5\u03b6\u03b1 \u03c4\u03b7\u03c2 \u039f\u03c5\u03c1\u03bf\u03c5\u03b3\u03bf\u03c5\u03ac\u03b7\u03c2, \u03b7 \u03bf\u03c0\u03bf\u03af\u03b1 \u03ae\u03c4\u03b1\u03bd \u03b5\u03c0\u03af\u03c3\u03b7\u03c2 \u03b5\u03ba\u03c4\u03b5\u03b8\u03b5\u03b9\u03bc\u03ad\u03bd\u03b7 \u03c3\u03c4\u03b7\u03bd \u03bf\u03b9\u03ba\u03bf\u03bd\u03bf\u03bc\u03af\u03b1 \u03c4\u03b7\u03c2 \u0391\u03c1\u03b3\u03b5\u03bd\u03c4\u03b9\u03bd\u03ae\u03c2, \u03bb\u03cc\u03b3\u03c9 \u03c4\u03bf\u03c5 \u03c5\u03c8\u03b7\u03bb\u03bf\u03cd \u03b4\u03b7\u03bc\u03bf\u03c3\u03af\u03bf\u03c5 \u03c7\u03c1\u03ad\u03bf\u03c5\u03c2 \u03c4\u03b7\u03c2 \u03c7\u03ce\u03c1\u03b1\u03c2 \u03c0\u03bf\u03c5 \u03ba\u03b1\u03c4\u03b5\u03af\u03c7\u03b5 (\u03bf\u03bc\u03cc\u03bb\u03bf\u03b3\u03b1), \u03ba\u03b1\u03b8\u03ce\u03c2 \u03b5\u03c0\u03af\u03c3\u03b7\u03c2 \u03bb\u03cc\u03b3\u03c9 \u03c4\u03c9\u03bd \u03b4\u03b1\u03bd\u03b5\u03af\u03c9\u03bd \u03c4\u03b7\u03c2 \u03c3\u03c4\u03bf\u03bd \u03b1\u03c1\u03b3\u03b5\u03bd\u03c4\u03b9\u03bd\u03cc \u03cc\u03bc\u03b9\u03bb\u03bf \u03b5\u03c4\u03b1\u03b9\u03c1\u03b5\u03b9\u03ce\u03bd <\/span>BGdeN<\/span><\/strong>, \u03c4\u03bf\u03c5 \u03bf\u03c0\u03bf\u03af\u03bf\u03c5 \u03b1\u03c0\u03bf\u03c4\u03b5\u03bb\u03bf\u03cd\u03c3\u03b5 \u03c5\u03c0\u03bf\u03ba\u03b1\u03c4\u03ac\u03c3\u03c4\u03b7\u03bc\u03b1, \u03b1\u03bd\u03c4\u03b9\u03bc\u03b5\u03c4\u03ce\u03c0\u03b9\u03c3\u03b5 \u03b1\u03bd\u03ac\u03bb\u03bf\u03b3\u03b1 \u03c0\u03c1\u03bf\u03b2\u03bb\u03ae\u03bc\u03b1\u03c4\u03b1 \u03c1\u03b5\u03c5\u03c3\u03c4\u03cc\u03c4\u03b7\u03c4\u03b1\u03c2 (\u03bc\u03b5\u03c4\u03ac \u03b1\u03c0\u03cc \u03ba\u03ac\u03c0\u03bf\u03b9\u03b5\u03c2 \u03c0\u03c1\u03bf\u03c3\u03c0\u03ac\u03b8\u03b5\u03b9\u03b5\u03c2 \u03b1\u03bd\u03b1\u03ba\u03b5\u03c6\u03b1\u03bb\u03b1\u03b9\u03bf\u03c0\u03bf\u03af\u03b7\u03c3\u03b7\u03c2 \u03c4\u03b7\u03c2, \u03bc\u03b5\u03c3\u03bf\u03bb\u03ac\u03b2\u03b7\u03c3\u03b5 \u03b7 \u03ba\u03b5\u03bd\u03c4\u03c1\u03b9\u03ba\u03ae \u03c4\u03c1\u03ac\u03c0\u03b5\u03b6\u03b1 \u03c4\u03b7\u03c2 \u039f\u03c5\u03c1\u03bf\u03c5\u03b3\u03bf\u03c5\u03ac\u03b7\u03c2, \u03b7 \u03bf\u03c0\u03bf\u03af\u03b1 \u03c4\u03b5\u03bb\u03b9\u03ba\u03ac \u03c4\u03b7\u03bd \u00ab\u03b1\u03bd\u03b1\u03b4\u03b9\u03ac\u03c1\u03b8\u03c1\u03c9\u03c3\u03b5\u00bb). <\/span><\/p>\n

<\/span><\/p>\n

\u03a4\u03b9\u03c2 \u03b5\u03c0\u03cc\u03bc\u03b5\u03bd\u03b5\u03c2 \u03b5\u03b2\u03b4\u03bf\u03bc\u03ac\u03b4\u03b5\u03c2, \u03ad\u03c9\u03c2 \u03c4\u03bf \u039c\u03ac\u03c1\u03c4\u03b9\u03bf \u03c4\u03bf\u03c5 2002, \u03ba\u03b1\u03b8\u03ce\u03c2 \u03b7 \u03bf\u03b9\u03ba\u03bf\u03bd\u03bf\u03bc\u03b9\u03ba\u03ae \u03ba\u03c1\u03af\u03c3\u03b7 \u03c4\u03b7\u03c2 \u0391\u03c1\u03b3\u03b5\u03bd\u03c4\u03b9\u03bd\u03ae\u03c2 \u03b5\u03be\u03b5\u03bb\u03b9\u03c3\u03c3\u03cc\u03c4\u03b1\u03bd, \u03c4\u03bf 12% \u03c4\u03c9\u03bd \u03c3\u03c5\u03bd\u03bf\u03bb\u03b9\u03ba\u03ce\u03bd \u03ba\u03b1\u03c4\u03b1\u03b8\u03ad\u03c3\u03b5\u03c9\u03bd \u00ab\u03b5\u03b3\u03ba\u03b1\u03c4\u03ad\u03bb\u03b5\u03b9\u03c8\u03b5\u00bb \u03c4\u03b7\u03bd \u039f\u03c5\u03c1\u03bf\u03c5\u03b3\u03bf\u03c5\u03ac\u03b7 (\u03a0\u03af\u03bd\u03b1\u03ba\u03b1\u03c2 \u0399). \u03a0\u03b1\u03c1\u03ac \u03c4\u03bf \u03cc\u03c4\u03b9 \u03bb\u03bf\u03b9\u03c0\u03cc\u03bd \u03bf\u03b9 \u0391\u03c1\u03c7\u03ad\u03c2 \u03b2\u03bf\u03b7\u03b8\u03bf\u03cd\u03c3\u03b1\u03bd \u03c4\u03b9\u03c2 \u03c4\u03c1\u03ac\u03c0\u03b5\u03b6\u03b5\u03c2, \u03c0\u03b1\u03c1\u03ad\u03c7\u03bf\u03bd\u03c4\u03b1\u03c2 \u03c4\u03bf\u03c5\u03c2 \u03c1\u03b5\u03c5\u03c3\u03c4\u03cc\u03c4\u03b7\u03c4\u03b1, \u03b5\u03bd\u03ce \u03b5\u03af\u03c7\u03b5 \u03b1\u03bd\u03b1\u03ba\u03bf\u03b9\u03bd\u03c9\u03b8\u03b5\u03af \u03b5\u03c0\u03af \u03c0\u03bb\u03ad\u03bf\u03bd \u03b1\u03c0\u03cc \u03c4\u03bf \u0394\u039d\u03a4 \u03ad\u03bd\u03b1 \u03c0\u03c1\u03cc\u03b3\u03c1\u03b1\u03bc\u03bc\u03b1 \u03b4\u03b1\u03bd\u03b5\u03b9\u03c3\u03bc\u03bf\u03cd \u03c4\u03bf\u03c5\u03c2, \u03b7 \u03b1\u03c1\u03bd\u03b7\u03c4\u03b9\u03ba\u03ae \u03b4\u03b7\u03bc\u03bf\u03c3\u03b9\u03bf\u03c0\u03bf\u03af\u03b7\u03c3\u03b7 \u03c4\u03c9\u03bd \u03c0\u03c1\u03bf\u03b2\u03bb\u03b7\u03bc\u03ac\u03c4\u03c9\u03bd \u03ac\u03c3\u03ba\u03b7\u03c3\u03b5 \u03bc\u03b5\u03b3\u03ac\u03bb\u03b5\u03c2 \u03c0\u03b9\u03ad\u03c3\u03b5\u03b9\u03c2 \u03c3\u03c4\u03bf \u03bd\u03cc\u03bc\u03b9\u03c3\u03bc\u03b1 \u03c4\u03b7\u03c2 \u03c7\u03ce\u03c1\u03b1\u03c2, \u03b1\u03bd\u03b1\u03b3\u03ba\u03ac\u03b6\u03bf\u03bd\u03c4\u03b1\u03c2 \u03c4\u03b7\u03bd \u03ba\u03c5\u03b2\u03ad\u03c1\u03bd\u03b7\u03c3\u03b7 \u03bd\u03b1 \u03b1\u03c5\u03be\u03ae\u03c3\u03b5\u03b9 \u03c4\u03b1 \u03c0\u03b5\u03c1\u03b9\u03b8\u03ce\u03c1\u03b9\u03b1 \u03b4\u03b9\u03b1\u03ba\u03cd\u03bc\u03b1\u03bd\u03c3\u03b7\u03c2 \u03c4\u03bf\u03c5 \u03b1\u03c0\u03cc \u03c4\u03bf 6% \u03c3\u03c4\u03bf 12% – \u03b5\u03c0\u03b9\u03b4\u03b5\u03b9\u03bd\u03ce\u03bd\u03bf\u03bd\u03c4\u03b1\u03c2 \u03b5\u03be \u03b1\u03c5\u03c4\u03bf\u03cd \u03c4\u03b7 \u03b8\u03ad\u03c3\u03b7 \u03c4\u03c9\u03bd \u03c4\u03c1\u03b1\u03c0\u03b5\u03b6\u03ce\u03bd. <\/span><\/p>\n

<\/span><\/p>\n

\u0391\u03bd \u03ba\u03b1\u03b9 \u03b1\u03ba\u03bf\u03bb\u03bf\u03cd\u03b8\u03b7\u03c3\u03b5 \u03b7 \u03c5\u03c0\u03bf\u03c4\u03af\u03bc\u03b7\u03c3\u03b7 \u03c4\u03b7\u03c2 \u03c0\u03b9\u03c3\u03c4\u03bf\u03bb\u03b7\u03c0\u03c4\u03b9\u03ba\u03ae\u03c2 \u03b9\u03ba\u03b1\u03bd\u03cc\u03c4\u03b7\u03c4\u03b1\u03c2 \u03c4\u03b7\u03c2 \u039f\u03c5\u03c1\u03bf\u03c5\u03b3\u03bf\u03c5\u03ac\u03b7\u03c2<\/strong>, \u03b7 \u03bf\u03c0\u03bf\u03af\u03b1 \u03c9\u03c2 \u03c3\u03c5\u03bd\u03ae\u03b8\u03c9\u03c2 \u03c3\u03c5\u03bd\u03bf\u03b4\u03b5\u03cd\u03b5\u03c4\u03b1\u03b9 \u03b1\u03c0\u03cc \u03c4\u03b7\u03bd \u03b1\u03bd\u03c4\u03af\u03c3\u03c4\u03bf\u03b9\u03c7\u03b7 \u03bc\u03b5\u03af\u03c9\u03c3\u03b7 \u03c4\u03b7\u03c2 \u03b1\u03be\u03b9\u03bf\u03bb\u03cc\u03b3\u03b7\u03c3\u03b7\u03c2 \u03c4\u03c9\u03bd \u03c4\u03c1\u03b1\u03c0\u03b5\u03b6\u03ce\u03bd, \u03b5\u03bd\u03ce \u03bf\u03b9 \u03ba\u03b1\u03c4\u03b1\u03b8\u03ad\u03c3\u03b5\u03b9\u03c2 \u03bc\u03b5\u03b9\u03ce\u03bd\u03bf\u03bd\u03c4\u03b1\u03bd \u03b4\u03b9\u03b1\u03c1\u03ba\u03ce\u03c2, \u03b7 \u03ba\u03c5\u03b2\u03ad\u03c1\u03bd\u03b7\u03c3\u03b7 \u03c3\u03c5\u03bd\u03ad\u03c7\u03b9\u03c3\u03b5 \u03bd\u03b1 \u03b5\u03bd\u03b9\u03c3\u03c7\u03cd\u03b5\u03b9 \u03c4\u03b9\u03c2 \u03c4\u03c1\u03ac\u03c0\u03b5\u03b6\u03b5\u03c2 \u2013 \u03b1\u03ba\u03cc\u03bc\u03b7 \u03ba\u03b1\u03b9 \u03cc\u03c4\u03b1\u03bd \u03b7 \u03c4\u03c1\u03af\u03c4\u03b7 \u03bc\u03b5\u03b3\u03b1\u03bb\u03cd\u03c4\u03b5\u03c1\u03b7 \u03b9\u03b4\u03b9\u03c9\u03c4\u03b9\u03ba\u03ae \u03c4\u03c1\u03ac\u03c0\u03b5\u03b6\u03b1 \u03c4\u03b7\u03c2 \u03c7\u03ce\u03c1\u03b1\u03c2 \u03b1\u03bd\u03c4\u03b9\u03bc\u03b5\u03c4\u03ce\u03c0\u03b9\u03c3\u03b5 \u03bc\u03b5 \u03c4\u03b7 \u03c3\u03b5\u03b9\u03c1\u03ac \u03c4\u03b7\u03c2 \u03c0\u03c1\u03bf\u03b2\u03bb\u03ae\u03bc\u03b1\u03c4\u03b1 \u03c1\u03b5\u03c5\u03c3\u03c4\u03cc\u03c4\u03b7\u03c4\u03b1\u03c2. <\/span><\/p>\n

<\/span><\/p>\n

\u0395\u03bd \u03c4\u03bf\u03cd\u03c4\u03bf\u03b9\u03c2, \u03cc\u03c4\u03b1\u03bd \u03c4\u03bf\u03bd \u0399\u03bf\u03cd\u03bb\u03b9\u03bf \u03c4\u03b1 \u03b5\u03c0\u03b9\u03c4\u03cc\u03ba\u03b9\u03b1 \u03b4\u03b1\u03bd\u03b5\u03b9\u03c3\u03bc\u03bf\u03cd \u03c4\u03b7\u03c2 \u039f\u03c5\u03c1\u03bf\u03c5\u03b3\u03bf\u03c5\u03ac\u03b7\u03c2 (<\/span>spreads<\/span>) \u03b1\u03c5\u03be\u03ae\u03b8\u03b7\u03ba\u03b1\u03bd \u03c5\u03c0\u03b5\u03c1\u03b2\u03bf\u03bb\u03b9\u03ba\u03ac (\u03ad\u03c9\u03c2 \u03ba\u03b1\u03b9 20%, \u03cc\u03c3\u03bf \u03c0\u03b5\u03c1\u03af\u03c0\u03bf\u03c5 \u03c4\u03b1 \u03b5\u03bb\u03bb\u03b7\u03bd\u03b9\u03ba\u03ac \u03c3\u03ae\u03bc\u03b5\u03c1\u03b1 \u2013 <\/strong>25% \u03c4\u03bf \u039d\u03bf\u03ad\u03bc\u03b2\u03c1\u03b9\u03bf \u03c4\u03bf\u03c5 2002), \u03c4\u03b1 \u03c3\u03c5\u03bd\u03b1\u03bb\u03bb\u03b1\u03b3\u03bc\u03b1\u03c4\u03b9\u03ba\u03ac \u03c4\u03b7\u03c2 \u03b1\u03c0\u03bf\u03b8\u03ad\u03bc\u03b1\u03c4\u03b1 \u03bc\u03b5\u03b9\u03ce\u03b8\u03b7\u03ba\u03b1\u03bd \u03b4\u03c1\u03b1\u03bc\u03b1\u03c4\u03b9\u03ba\u03ac (80%) \u03ba\u03b1\u03b9 \u03b1\u03c6\u03ad\u03b8\u03b7\u03ba\u03b5 \u03b5\u03bb\u03b5\u03cd\u03b8\u03b5\u03c1\u03b7 \u03b7 \u03b9\u03c3\u03bf\u03c4\u03b9\u03bc\u03af\u03b1 \u03c4\u03bf\u03c5 \u03bd\u03bf\u03bc\u03af\u03c3\u03bc\u03b1\u03c4\u03bf\u03c2 (\u03c0\u03ad\u03b6\u03bf), \u03c4\u03bf \u03bf\u03c0\u03bf\u03af\u03bf \u03c5\u03c0\u03bf\u03c4\u03b9\u03bc\u03ae\u03b8\u03b7\u03ba\u03b5 \u03b1\u03bc\u03ad\u03c3\u03c9\u03c2 \u03ba\u03b1\u03c4\u03ac 27%, \u03b7 \u03ba\u03c5\u03b2\u03ad\u03c1\u03bd\u03b7\u03c3\u03b7 \u03b1\u03bd\u03b1\u03b3\u03ba\u03ac\u03c3\u03b8\u03b7\u03ba\u03b5 \u03bd\u03b1 \u03b1\u03bd\u03b1\u03ba\u03bf\u03b9\u03bd\u03ce\u03c3\u03b5\u03b9 \u03c4\u03bf \u03ba\u03bb\u03b5\u03af\u03c3\u03b9\u03bc\u03bf \u03c4\u03c9\u03bd \u03c4\u03c1\u03b1\u03c0\u03b5\u03b6\u03ce\u03bd<\/strong> \u2013 \u03b3\u03b9\u03b1 \u03c0\u03ad\u03bd\u03c4\u03b5 \u03b7\u03bc\u03ad\u03c1\u03b5\u03c2 (<\/span>bank<\/span> <\/span>holidays<\/span>). <\/span><\/p>\n

<\/span><\/p>\n

\u03a3\u03c4\u03b1 \u03c4\u03ad\u03bb\u03b7 \u0399\u03bf\u03c5\u03bb\u03af\u03bf\u03c5 \u03c4\u03bf\u03c5 2002, \u03c4\u03bf 38% \u03c4\u03c9\u03bd \u03ba\u03b1\u03c4\u03b1\u03b8\u03ad\u03c3\u03b5\u03c9\u03bd \u03b5\u03af\u03c7\u03b5 \u03b5\u03b3\u03ba\u03b1\u03c4\u03b1\u03bb\u03b5\u03af\u03c8\u03b5\u03b9 \u03c4\u03bf \u03c3\u03cd\u03c3\u03c4\u03b7\u03bc\u03b1, \u03c4\u03bf \u03c0\u03ad\u03b6\u03bf \u03b5\u03af\u03c7\u03b5 \u03c5\u03c0\u03bf\u03c4\u03b9\u03bc\u03b7\u03b8\u03b5\u03af \u03ba\u03b1\u03c4\u03ac 57%, \u03b5\u03bd\u03ce \u03bf\u03b9 \u03c0\u03b5\u03c1\u03b9\u03c3\u03c3\u03cc\u03c4\u03b5\u03c1\u03b5\u03c2 \u03c4\u03c1\u03ac\u03c0\u03b5\u03b6\u03b5\u03c2 \u03ae\u03c4\u03b1\u03bd \u03c0\u03c1\u03b1\u03ba\u03c4\u03b9\u03ba\u03ac \u03c7\u03c1\u03b5\u03bf\u03ba\u03bf\u03c0\u03b7\u03bc\u03ad\u03bd\u03b5\u03c2.<\/strong> \u03a4\u03bf 67% \u03c4\u03c9\u03bd \u03ba\u03b1\u03c4\u03b1\u03b8\u03ad\u03c3\u03b5\u03c9\u03bd \u03ae\u03c4\u03b1\u03bd \u03c3\u03c4\u03b1 \u03c7\u03ad\u03c1\u03b9\u03b1 \u03c4\u03b7\u03c2 \u03ba\u03c5\u03b2\u03ad\u03c1\u03bd\u03b7\u03c3\u03b7\u03c2, \u03b5\u03af\u03c4\u03b5 \u03c3\u03c4\u03b9\u03c2 \u03ba\u03c1\u03b1\u03c4\u03b9\u03ba\u03ad\u03c2 \u03c4\u03c1\u03ac\u03c0\u03b5\u03b6\u03b5\u03c2, \u03b5\u03af\u03c4\u03b5 \u03c3\u03c4\u03b9\u03c2 \u00ab\u03ba\u03c1\u03b1\u03c4\u03b9\u03ba\u03bf\u03c0\u03bf\u03b9\u03b7\u03bc\u03ad\u03bd\u03b5\u03c2\u00bb, \u03b5\u03bd\u03ce \u03c4\u03bf 51% \u03c4\u03c9\u03bd \u03ba\u03b1\u03c4\u03b1\u03b8\u03ad\u03c3\u03b5\u03c9\u03bd \u03ba\u03b1\u03c4\u03bf\u03af\u03ba\u03c9\u03bd \u03c4\u03bf\u03c5 \u03b5\u03be\u03c9\u03c4\u03b5\u03c1\u03b9\u03ba\u03bf\u03cd \u03b5\u03af\u03c7\u03b1\u03bd \u03c6\u03cd\u03b3\u03b5\u03b9 \u03b1\u03c0\u03cc \u03c4\u03b7 \u03c7\u03ce\u03c1\u03b1. <\/span><\/p>\n

<\/span><\/p>\n

\u03a4\u03b7\u03bd 1\u03b7<\/sup> \u0391\u03c5\u03b3\u03bf\u03cd\u03c3\u03c4\u03bf\u03c5, \u03bc\u03b5\u03c4\u03ac \u03c4\u03bf \u03ba\u03bb\u03b5\u03af\u03c3\u03b9\u03bc\u03bf \u03c4\u03c9\u03bd \u03c4\u03c1\u03b1\u03c0\u03b5\u03b6\u03ce\u03bd, \u03c7\u03b9\u03bb\u03b9\u03ac\u03b4\u03b5\u03c2 \u03ac\u03bd\u03b8\u03c1\u03c9\u03c0\u03bf\u03b9 \u03b1\u03ba\u03bf\u03bb\u03bf\u03cd\u03b8\u03b7\u03c3\u03b1\u03bd \u03c4\u03b1 \u03c3\u03c5\u03bd\u03b4\u03b9\u03ba\u03ac\u03c4\u03b1 \u03c3\u03b5 \u03bc\u03af\u03b1 \u03c4\u03b5\u03c4\u03c1\u03ac\u03c9\u03c1\u03b7 \u03b3\u03b5\u03bd\u03b9\u03ba\u03ae \u03b1\u03c0\u03b5\u03c1\u03b3\u03af\u03b1, \u03b7 \u03bf\u03c0\u03bf\u03af\u03b1 \u03ba\u03b1\u03c4\u03ad\u03bb\u03b7\u03be\u03b5 \u03c3\u03b5 \u03bb\u03b5\u03b7\u03bb\u03b1\u03c3\u03af\u03b5\u03c2 \u03ba\u03b1\u03c4\u03b1\u03c3\u03c4\u03b7\u03bc\u03ac\u03c4\u03c9\u03bd \u03ba\u03b1\u03b9 \u03c3\u03b5 \u03bf\u03b4\u03bf\u03bc\u03b1\u03c7\u03af\u03b5\u03c2, \u03c3\u03c4\u03b9\u03c2 \u03c6\u03c4\u03c9\u03c7\u03ad\u03c2 \u03c0\u03b5\u03c1\u03b9\u03bf\u03c7\u03ad\u03c2 \u03c4\u03bf\u03c5 <\/span>Montevideo<\/span>. \u0397 \u03ba\u03c5\u03b2\u03ad\u03c1\u03bd\u03b7\u03c3\u03b7 \u03b1\u03bd\u03c4\u03ad\u03b4\u03c1\u03b1\u03c3\u03b5 \u03bc\u03b5 \u03c4\u03b7\u03bd \u03b1\u03c0\u03bf\u03c3\u03c4\u03bf\u03bb\u03ae \u03c7\u03b9\u03bb\u03b9\u03ac\u03b4\u03c9\u03bd \u03b1\u03c3\u03c4\u03c5\u03bd\u03bf\u03bc\u03b9\u03ba\u03ce\u03bd, \u03bf\u03b9 \u03bf\u03c0\u03bf\u03af\u03bf\u03b9 \u03c4\u03b5\u03bb\u03b9\u03ba\u03ac \u03b1\u03c0\u03b5\u03ba\u03b1\u03c4\u03ad\u03c3\u03c4\u03b7\u03c3\u03b1\u03bd \u03c4\u03b7\u03bd \u03b7\u03c1\u03b5\u03bc\u03af\u03b1. \u038a\u03c3\u03c9\u03c2 \u03bf\u03c6\u03b5\u03af\u03bb\u03bf\u03c5\u03bc\u03b5 \u03bd\u03b1 \u03c0\u03c1\u03bf\u03c3\u03b8\u03ad\u03c3\u03bf\u03c5\u03bc\u03b5 \u03b5\u03b4\u03ce \u03cc\u03c4\u03b9, \u03c3\u03c4\u03b9\u03c2 16 \u0391\u03c0\u03c1\u03b9\u03bb\u03af\u03bf\u03c5 \u03c4\u03bf\u03c5 2002, \u03c0\u03b5\u03c1\u03af \u03c4\u03bf\u03c5\u03c2 100.000 \u03b4\u03b9\u03b1\u03b4\u03b7\u03bb\u03c9\u03c4\u03ad\u03c2 \u03b5\u03af\u03c7\u03b1\u03bd \u03c3\u03c5\u03b3\u03ba\u03b5\u03bd\u03c4\u03c1\u03c9\u03b8\u03b5\u03af \u03be\u03b1\u03bd\u03ac \u03c3\u03c4\u03b7\u03bd \u03c0\u03c1\u03c9\u03c4\u03b5\u03cd\u03bf\u03c5\u03c3\u03b1 \u03c4\u03b7\u03c2 \u03c7\u03ce\u03c1\u03b1\u03c2, \u03bc\u03b5 \u03c3\u03c4\u03cc\u03c7\u03bf \u03bd\u03b1 \u03b4\u03b9\u03b1\u03bc\u03b1\u03c1\u03c4\u03c5\u03c1\u03b7\u03b8\u03bf\u03cd\u03bd \u03b3\u03b9\u03b1 \u03c4\u03b7 <\/span>\u03bd\u03b5\u03bf\u03c6\u03b9\u03bb\u03b5\u03bb\u03b5\u03cd\u03b8\u03b5\u03c1\u03b7<\/span><\/a> \u03c0\u03bf\u03bb\u03b9\u03c4\u03b9\u03ba\u03ae \u03c4\u03b7\u03c2. <\/span><\/p>\n

<\/span><\/p>\n

\u0395\u03c0\u03af\u03c3\u03b7\u03c2, \u03c3\u03c4\u03b9\u03c2 12. \u0399\u03bf\u03c5\u03bd\u03af\u03bf\u03c5 \u03bc\u03af\u03b1 24\u03c9\u03c1\u03b7 \u03b3\u03b5\u03bd\u03b9\u03ba\u03ae \u03b1\u03c0\u03b5\u03c1\u03b3\u03af\u03b1 \u03b5\u03af\u03c7\u03b5 \u03bd\u03b5\u03ba\u03c1\u03ce\u03c3\u03b5\u03b9 \u03b5\u03bd\u03c4\u03b5\u03bb\u03ce\u03c2 \u03c4\u03b7 \u03c7\u03ce\u03c1\u03b1 \u2013 \u03b3\u03b9\u03b1 \u03c0\u03c1\u03ce\u03c4\u03b7 \u03c6\u03bf\u03c1\u03ac \u03bc\u03b5\u03c4\u03ac \u03c4\u03bf 1984, \u03cc\u03c0\u03bf\u03c5 \u03b7 \u03c4\u03cc\u03c4\u03b5 \u03c3\u03c4\u03c1\u03b1\u03c4\u03b9\u03c9\u03c4\u03b9\u03ba\u03ae \u03ba\u03c5\u03b2\u03ad\u03c1\u03bd\u03b7\u03c3\u03b7 \u03ae\u03c4\u03b1\u03bd \u03bb\u03af\u03b3\u03bf \u03c0\u03c1\u03b9\u03bd \u03c4\u03b7\u03bd \u03c0\u03c4\u03ce\u03c3\u03b7 \u03c4\u03b7\u03c2. \u03a4\u03cc\u03c3\u03bf \u03bf\u03b9 \u03b5\u03c1\u03b3\u03b1\u03b6\u03cc\u03bc\u03b5\u03bd\u03bf\u03b9, \u03cc\u03c3\u03bf \u03ba\u03b1\u03b9 \u03bf\u03b9 \u03b5\u03c0\u03b9\u03c7\u03b5\u03b9\u03c1\u03b7\u03bc\u03b1\u03c4\u03af\u03b5\u03c2 \u03b1\u03c0\u03b1\u03b9\u03c4\u03bf\u03cd\u03c3\u03b1\u03bd \u03c0\u03bf\u03bb\u03b9\u03c4\u03b9\u03ba\u03ac \u03bc\u03ad\u03c4\u03c1\u03b1 \u03b3\u03b9\u03b1 \u03c4\u03b7\u03bd \u03b4\u03b9\u03b1\u03c4\u03ae\u03c1\u03b7\u03c3\u03b7 \u03c4\u03bf\u03c5 <\/strong><\/span>\u03ba\u03bf\u03b9\u03bd\u03c9\u03bd\u03b9\u03ba\u03bf\u03cd \u03ba\u03c1\u03ac\u03c4\u03bf\u03c5\u03c2<\/span><\/strong><\/a>, \u03c4\u03b7\u03c2 \u03b5\u03b8\u03bd\u03b9\u03ba\u03ae\u03c2 \u03b2\u03b9\u03bf\u03bc\u03b7\u03c7\u03b1\u03bd\u03af\u03b1\u03c2 \u03ba\u03b1\u03b9 \u03c4\u03b7\u03c2 \u03b1\u03bd\u03ac\u03c0\u03c4\u03c5\u03be\u03b7\u03c2 \u03c4\u03b7\u03c2 \u03bf\u03b9\u03ba\u03bf\u03bd\u03bf\u03bc\u03af\u03b1\u03c2<\/span><\/strong> \u2013 \u03b4\u03b9\u03b1\u03bc\u03b1\u03c1\u03c4\u03c5\u03c1\u03cc\u03bc\u03b5\u03bd\u03bf\u03b9 \u03c4\u03b1\u03c5\u03c4\u03cc\u03c7\u03c1\u03bf\u03bd\u03b1 \u03b3\u03b9\u03b1 \u03c4\u03b7\u03bd \u03b1\u03cd\u03be\u03b7\u03c3\u03b7 \u03c4\u03c9\u03bd \u03c6\u03cc\u03c1\u03c9\u03bd (\u03bf\u03b9 \u03bf\u03bc\u03bf\u03b9\u03cc\u03c4\u03b7\u03c4\u03b5\u03c2 \u03bc\u03b5 \u03c4\u03b7\u03bd \u0395\u03bb\u03bb\u03ac\u03b4\u03b1 \u03b5\u03af\u03bd\u03b1\u03b9 \u03c0\u03c1\u03bf\u03c6\u03b1\u03bd\u03b5\u03af\u03c2). <\/span><\/p>\n

<\/span><\/p>\n

\u0397 \u0394\u0399\u0391\u03a7\u0395\u0399\u03a1\u0399\u03a3\u0397 \u03a4\u0397\u03a3 \u039a\u03a1\u0399\u03a3\u0397\u03a3 <\/span><\/strong><\/p>\n

<\/span><\/strong><\/p>\n

\u03a3\u03c4\u03b9\u03c2 \u03b1\u03c1\u03c7\u03ad\u03c2 \u0391\u03c5\u03b3\u03bf\u03cd\u03c3\u03c4\u03bf\u03c5 \u03c4\u03bf\u03c5 2002, \u03c4\u03bf \u0391\u0395\u03a0 \u03c4\u03b7\u03c2 \u039f\u03c5\u03c1\u03bf\u03c5\u03b3\u03bf\u03c5\u03ac\u03b7\u03c2 \u03b2\u03c1\u03b9\u03c3\u03ba\u03cc\u03c4\u03b1\u03bd \u03c3\u03b5 \u03b5\u03bb\u03b5\u03cd\u03b8\u03b5\u03c1\u03b7 \u03c0\u03c4\u03ce\u03c3\u03b7 (12% \u03c3\u03b5 \u03b5\u03c4\u03ae\u03c3\u03b9\u03b1 \u03b2\u03ac\u03c3\u03b7), \u03bf\u03b9 \u03b5\u03c0\u03b9\u03c7\u03b5\u03b9\u03c1\u03ae\u03c3\u03b5\u03b9\u03c2 \u03ad\u03ba\u03bb\u03b5\u03b9\u03bd\u03b1\u03bd \u03b7 \u03bc\u03af\u03b1 \u03bc\u03b5\u03c4\u03ac \u03c4\u03b7\u03bd \u03ac\u03bb\u03bb\u03b7 \u03ba\u03b1\u03b9 \u03b7 \u03b1\u03bd\u03b5\u03c1\u03b3\u03af\u03b1 \u03b5\u03af\u03c7\u03b5 \u03b5\u03ba\u03c4\u03bf\u03be\u03b5\u03c5\u03b8\u03b5\u03af \u03c3\u03c4\u03b1 \u03cd\u03c8\u03b7 \u2013 \u03c4\u03bf \u03bd\u03cc\u03bc\u03b9\u03c3\u03bc\u03b1 \u03ad\u03c7\u03b1\u03bd\u03b5 \u03c3\u03c5\u03bd\u03b5\u03c7\u03ce\u03c2 \u03c3\u03b5 \u03b1\u03b3\u03bf\u03c1\u03b1\u03c3\u03c4\u03b9\u03ba\u03ae \u03b1\u03be\u03af\u03b1 \u03ba\u03b1\u03b9 \u03c4\u03bf \u03b4\u03b7\u03bc\u03cc\u03c3\u03b9\u03bf \u03c7\u03c1\u03ad\u03bf\u03c2, \u03c3\u03b5 \u03cc\u03c1\u03bf\u03c5\u03c2 \u03b4\u03bf\u03bb\u03b1\u03c1\u03af\u03bf\u03c5, \u03be\u03b5\u03c0\u03b5\u03c1\u03bd\u03bf\u03cd\u03c3\u03b5 \u03c0\u03bb\u03ad\u03bf\u03bd \u03c4\u03b1 \u03b1\u03c3\u03c6\u03b1\u03bb\u03ae \u03b5\u03c0\u03af\u03c0\u03b5\u03b4\u03b1. \u039f \u03ac\u03bd\u03b8\u03c1\u03c9\u03c0\u03bf\u03b9 \u03b5\u03af\u03c7\u03b1\u03bd \u03c7\u03ac\u03c3\u03b5\u03b9 \u03c4\u03b7\u03bd \u03b5\u03bc\u03c0\u03b9\u03c3\u03c4\u03bf\u03c3\u03cd\u03bd\u03b7 \u03c4\u03bf\u03c5\u03c2 \u03c3\u03c4\u03bf \u03c7\u03c1\u03b7\u03bc\u03b1\u03c4\u03bf\u03c0\u03b9\u03c3\u03c4\u03c9\u03c4\u03b9\u03ba\u03cc \u03c3\u03cd\u03c3\u03c4\u03b7\u03bc\u03b1 \u03ba\u03b1\u03b9 \u03b7 \u03b5\u03c0\u03b9\u03b4\u03c1\u03bf\u03bc\u03ae \u03b5\u03bd\u03b1\u03bd\u03c4\u03af\u03bf\u03bd \u03c4\u03c9\u03bd \u03c4\u03c1\u03b1\u03c0\u03b5\u03b6\u03ce\u03bd (<\/em><\/strong><\/span>bank<\/span><\/em><\/strong> <\/span><\/em><\/strong>run<\/span><\/em><\/strong>) \u03b5\u03af\u03c7\u03b5 \u03b1\u03bd\u03b1\u03b3\u03ba\u03ac\u03c3\u03b5\u03b9 \u03c4\u03b7\u03bd \u03ba\u03c5\u03b2\u03ad\u03c1\u03bd\u03b7\u03c3\u03b7 \u03bd\u03b1 \u03b4\u03b9\u03b1\u03ba\u03cc\u03c8\u03b5\u03b9 \u03c4\u03b7 \u03bb\u03b5\u03b9\u03c4\u03bf\u03c5\u03c1\u03b3\u03af\u03b1 \u03c4\u03bf\u03c5\u03c2<\/span><\/em><\/strong> \u2013 \u03bc\u03b5 \u03b1\u03c0\u03bf\u03c4\u03ad\u03bb\u03b5\u03c3\u03bc\u03b1 \u03bd\u03b1 \u03c0\u03c1\u03bf\u03ba\u03bb\u03b7\u03b8\u03bf\u03cd\u03bd \u03bc\u03b5\u03b3\u03ac\u03bb\u03b5\u03c2 \u03ba\u03bf\u03b9\u03bd\u03c9\u03bd\u03b9\u03ba\u03ad\u03c2 \u03b1\u03bd\u03b1\u03c4\u03b1\u03c1\u03b1\u03c7\u03ad\u03c2. \u039f\u03b9 \u03be\u03ad\u03bd\u03b5\u03c2 \u03b5\u03c6\u03b7\u03bc\u03b5\u03c1\u03af\u03b4\u03b5\u03c2 \u03ad\u03b3\u03c1\u03b1\u03c6\u03b1\u03bd \u03cc\u03c4\u03b9, \u03b7 \u039f\u03c5\u03c1\u03bf\u03c5\u03b3\u03bf\u03c5\u03ac\u03b7 \u03b8\u03b1 \u03c7\u03c1\u03b5\u03b9\u03b1\u03b6\u03cc\u03c4\u03b1\u03bd \u03ad\u03bd\u03b1 \u03b8\u03b1\u03cd\u03bc\u03b1 \u03b3\u03b9\u03b1 \u03bd\u03b1 \u03b1\u03c0\u03bf\u03c6\u03cd\u03b3\u03b5\u03b9 \u03c4\u03b7\u03bd \u03bf\u03c1\u03b9\u03c3\u03c4\u03b9\u03ba\u03ae \u03c7\u03c1\u03b5\u03bf\u03ba\u03bf\u03c0\u03af\u03b1, \u03b4\u03af\u03bd\u03bf\u03bd\u03c4\u03b1\u03c2 \u03c0\u03b9\u03b8\u03b1\u03bd\u03cc\u03c4\u03b7\u03c4\u03b5\u03c2 1% \u03c3\u03b5 \u03ba\u03ac\u03c4\u03b9 \u03c4\u03ad\u03c4\u03bf\u03b9\u03bf. <\/span><\/p>\n

<\/span><\/p>\n

\u0395\u03b9\u03b4\u03b9\u03ba\u03bf\u03af \u03b5\u03ba \u03bc\u03ad\u03c1\u03bf\u03c5\u03c2 \u03c4\u03c9\u03bd \u0397.\u03a0.\u0391. (<\/span>U<\/span><\/strong>.<\/span><\/strong>S<\/span><\/strong>. <\/span><\/strong>Treasury<\/span><\/strong>) \u03b5\u03af\u03c7\u03b1\u03bd \u03ba\u03b1\u03c4\u03b1\u03c6\u03b8\u03ac\u03c3\u03b5\u03b9 \u03b5\u03c0\u03b5\u03b9\u03b3\u03cc\u03bd\u03c4\u03c9\u03c2 \u03c3\u03c4\u03b7 \u03c7\u03ce\u03c1\u03b1, \u03bc\u03b5 \u03c3\u03ba\u03bf\u03c0\u03cc \u03bd\u03b1 \u03b2\u03bf\u03b7\u03b8\u03ae\u03c3\u03bf\u03c5\u03bd \u03c3\u03c4\u03b7\u03bd \u03b5\u03cd\u03c1\u03b5\u03c3\u03b7 \u03bb\u03cd\u03c3\u03b7\u03c2. \u0397 \u03b1\u03b9\u03c4\u03af\u03b1 \u03c4\u03b7\u03c2 \u03bc\u03b7 \u03b5\u03bd\u03b1\u03c3\u03c7\u03cc\u03bb\u03b7\u03c3\u03b7\u03c2 \u03c4\u03bf\u03c5 \u0394\u039d\u03a4 \u03bc\u03b5 \u03c4\u03bf \u03c0\u03c1\u03cc\u03b2\u03bb\u03b7\u03bc\u03b1 \u03c4\u03b7\u03c2 \u039f\u03c5\u03c1\u03bf\u03c5\u03b3\u03bf\u03c5\u03ac\u03b7\u03c2, \u03ae\u03c4\u03b1\u03bd \u03b7 \u03b1\u03c0\u03b1\u03af\u03c4\u03b7\u03c3\u03b7 \u03c4\u03bf\u03c5 \u03bd\u03b1 \u03b2\u03bf\u03b7\u03b8\u03ae\u03c3\u03b5\u03b9 \u03bc\u03cc\u03bd\u03bf \u03c5\u03c0\u03cc \u03c4\u03b7\u03bd \u03c0\u03c1\u03bf\u03cb\u03c0\u03cc\u03b8\u03b5\u03c3\u03b7 \u03cc\u03c4\u03b9, \u03b7 \u03c7\u03ce\u03c1\u03b1 \u03b8\u03b1 \u03ba\u03ae\u03c1\u03c5\u03c3\u03c3\u03b5 \u03c3\u03c4\u03ac\u03c3\u03b7 \u03c0\u03bb\u03b7\u03c1\u03c9\u03bc\u03ce\u03bd \u03ba\u03b1\u03b9 \u03b8\u03b1 \u03bc\u03b5\u03c4\u03ad\u03c4\u03c1\u03b5\u03c0\u03b5 \u03cc\u03bb\u03b1 \u03c4\u03b1 \u03c7\u03c1\u03b7\u03bc\u03b1\u03c4\u03b9\u03ba\u03ac \u03b1\u03c0\u03bf\u03b8\u03ad\u03bc\u03b1\u03c4\u03b1 \u03c4\u03b7\u03c2 (\u03ba\u03b1\u03c4\u03b1\u03b8\u03ad\u03c3\u03b5\u03b9\u03c2) \u03c3\u03b5 \u03bf\u03bc\u03cc\u03bb\u03bf\u03b3\u03b1<\/em><\/strong> \u2013 \u03bb\u03b7\u03c3\u03c4\u03b5\u03cd\u03bf\u03bd\u03c4\u03b1\u03c2 \u03c0\u03c1\u03bf\u03c6\u03b1\u03bd\u03ce\u03c2 \u03c4\u03bf\u03c5\u03c2 \u03a0\u03bf\u03bb\u03af\u03c4\u03b5\u03c2 \u03c4\u03b7\u03c2, \u03b3\u03b9\u03b1 \u03bd\u03b1 \u03c0\u03bb\u03b7\u03c1\u03ce\u03c3\u03b5\u03b9 \u03c4\u03bf\u03c5\u03c2 \u03c0\u03b9\u03c3\u03c4\u03c9\u03c4\u03ad\u03c2 \u03c4\u03b7\u03c2. \u0397 \u03ba\u03c5\u03b2\u03ad\u03c1\u03bd\u03b7\u03c3\u03b7 \u03b4\u03b5\u03bd \u03c3\u03c5\u03bc\u03c6\u03ce\u03bd\u03b7\u03c3\u03b5 \u03bc\u03b5 \u03c4\u03ad\u03c4\u03bf\u03b9\u03b5\u03c2 \u03bc\u03b5\u03b8\u03cc\u03b4\u03bf\u03c5\u03c2, \u03c0\u03c1\u03bf\u03c4\u03b9\u03bc\u03ce\u03bd\u03c4\u03b1\u03c2 \u03bd\u03b1 \u03b6\u03b7\u03c4\u03ae\u03c3\u03b5\u03b9 \u03c4\u03b7 \u03b2\u03bf\u03ae\u03b8\u03b5\u03b9\u03b1 \u03c4\u03bf\u03c5 <\/span>U<\/span>.<\/span>S<\/span>. <\/span>Treasury<\/span> \u2013 \u03c4\u03bf \u03bf\u03c0\u03bf\u03af\u03bf \u03b5\u03af\u03c7\u03b5 \u03c4\u03b7\u03bd \u03b1\u03c0\u03b1\u03b9\u03c4\u03bf\u03cd\u03bc\u03b5\u03bd\u03b7 \u03b5\u03bc\u03c0\u03b5\u03b9\u03c1\u03af\u03b1, \u03b5\u03bd\u03ce \u03b4\u03b9\u03b1\u03c4\u03b7\u03c1\u03bf\u03cd\u03c3\u03b5 \u03ba\u03b1\u03bb\u03ad\u03c2 \u03c3\u03c7\u03ad\u03c3\u03b5\u03b9\u03c2 \u03bc\u03b5 \u03c4\u03b9\u03c2 \u03ba\u03c5\u03b2\u03b5\u03c1\u03bd\u03ae\u03c3\u03b5\u03b9\u03c2 \u03ba\u03b1\u03b9 \u03c4\u03c9\u03bd \u03b4\u03cd\u03bf \u03c7\u03c9\u03c1\u03ce\u03bd. <\/span><\/p>\n

<\/span><\/p>\n

\u03a4\u03bf \u03b6\u03b7\u03c4\u03bf\u03cd\u03bc\u03b5\u03bd\u03bf \u03ae\u03c4\u03b1\u03bd \u03bf\u03c5\u03c3\u03b9\u03b1\u03c3\u03c4\u03b9\u03ba\u03ac \u03bd\u03b1 \u03c3\u03c4\u03b1\u03bc\u03b1\u03c4\u03ae\u03c3\u03b5\u03b9 \u03b7 \u00ab\u03c4\u03c1\u03b1\u03c0\u03b5\u03b6\u03b9\u03ba\u03ae \u03b5\u03c0\u03b9\u03b4\u03c1\u03bf\u03bc\u03ae\u00bb, \u03ad\u03c4\u03c3\u03b9 \u03ce\u03c3\u03c4\u03b5 \u03bd\u03b1 \u03b5\u03be\u03b1\u03c3\u03c6\u03b1\u03bb\u03b9\u03c3\u03b8\u03b5\u03af \u03ad\u03bd\u03b1 \u03b4\u03b9\u03ac\u03bb\u03b5\u03b9\u03bc\u03bc\u03b1 \u03c3\u03c4\u03bf \u03c3\u03cd\u03c3\u03c4\u03b7\u03bc\u03b1 \u03c0\u03bb\u03b7\u03c1\u03c9\u03bc\u03ce\u03bd \u03c4\u03b7\u03c2 \u03c7\u03ce\u03c1\u03b1\u03c2 \u2013 \u03c4\u03bf \u03bf\u03c0\u03bf\u03af\u03bf \u03b8\u03b1 \u03b5\u03bc\u03c0\u03cc\u03b4\u03b9\u03b6\u03b5 \u03c4\u03b7 \u03bc\u03b5\u03b3\u03ad\u03b8\u03c5\u03bd\u03c3\u03b7 \u03c4\u03b7\u03c2 \u03b6\u03b7\u03bc\u03af\u03b1\u03c2 \u03c0\u03bf\u03c5 \u03b5\u03af\u03c7\u03b5 \u03c0\u03c1\u03bf\u03ba\u03b1\u03bb\u03ad\u03c3\u03b5\u03b9 \u03c3\u03c4\u03b7\u03bd \u03bf\u03b9\u03ba\u03bf\u03bd\u03bf\u03bc\u03af\u03b1 \u03c4\u03b7\u03c2 \u03b7 \u03ba\u03c1\u03af\u03c3\u03b7 \u03c4\u03b7\u03c2 \u0391\u03c1\u03b3\u03b5\u03bd\u03c4\u03b9\u03bd\u03ae\u03c2. \u0391\u03bd\u03c4\u03af\u03b8\u03b5\u03c4\u03b1 \u03bc\u03b5 \u03c4\u03bf \u0394\u039d\u03a4, \u03b7 \u03b5\u03c0\u03b9\u03c4\u03c1\u03bf\u03c0\u03ae \u03c4\u03c9\u03bd \u03bf\u03b9\u03ba\u03bf\u03bd\u03bf\u03bc\u03bf\u03bb\u03cc\u03b3\u03c9\u03bd \u03c4\u03c9\u03bd \u03b4\u03cd\u03bf \u03c7\u03c9\u03c1\u03ce\u03bd \u03c0\u03af\u03c3\u03c4\u03b5\u03c5\u03b5 \u03cc\u03c4\u03b9, \u03b7 \u03b1\u03bd\u03b1\u03b4\u03b9\u03ac\u03c1\u03b8\u03c1\u03c9\u03c3\u03b7 \u03c4\u03bf\u03c5 \u03c7\u03c1\u03ad\u03bf\u03c5\u03c2 \u03c4\u03b7\u03c2 \u039f\u03c5\u03c1\u03bf\u03c5\u03b3\u03bf\u03c5\u03ac\u03b7\u03c2 \u03b8\u03b1 \u03ad\u03c0\u03c1\u03b5\u03c0\u03b5 \u03bd\u03b1 \u03b1\u03bd\u03b1\u03b2\u03bb\u03b7\u03b8\u03b5\u03af \u03b3\u03b9\u03b1 \u03b1\u03c1\u03b3\u03cc\u03c4\u03b5\u03c1\u03b1 <\/strong>\u2013 \u03b1\u03c6\u03bf\u03cd \u03b8\u03b1 \u03b5\u03af\u03c7\u03b5 \u03c3\u03c4\u03b1\u03b8\u03b5\u03c1\u03bf\u03c0\u03bf\u03b9\u03b7\u03b8\u03b5\u03af \u03b7 \u03bf\u03b9\u03ba\u03bf\u03bd\u03bf\u03bc\u03af\u03b1 \u03c4\u03b7\u03c2. <\/span><\/p>\n

<\/span><\/p>\n

\u03a0\u03b1\u03c1\u03ac\u03bb\u03bb\u03b7\u03bb\u03b1 \u03b8\u03b5\u03c9\u03c1\u03ae\u03b8\u03b7\u03ba\u03b5 \u03c0\u03c9\u03c2 \u03b7 \u03b5\u03c0\u03b9\u03b4\u03c1\u03bf\u03bc\u03ae \u03c3\u03c4\u03b9\u03c2 \u03c4\u03c1\u03ac\u03c0\u03b5\u03b6\u03b5\u03c2 \u03bf\u03c6\u03b5\u03b9\u03bb\u03cc\u03c4\u03b1\u03bd \u03c3\u03c4\u03b7\u03bd \u03c0\u03b5\u03c0\u03bf\u03af\u03b8\u03b7\u03c3\u03b7 \u03c4\u03c9\u03bd \u03ba\u03b1\u03c4\u03b1\u03b8\u03b5\u03c4\u03ce\u03bd \u03c3\u03b5 \u03c3\u03c7\u03ad\u03c3\u03b7 \u03bc\u03b5 \u03c4\u03bf \u03cc\u03c4\u03b9, \u03b7 \u03ba\u03b5\u03bd\u03c4\u03c1\u03b9\u03ba\u03ae \u03c4\u03c1\u03ac\u03c0\u03b5\u03b6\u03b1 \u03b4\u03b5\u03bd \u03b5\u03af\u03c7\u03b5 \u03c4\u03cc\u03c3\u03b1 \u03c7\u03c1\u03ae\u03bc\u03b1\u03c4\u03b1, \u03cc\u03c3\u03b5\u03c2 \u03bf\u03b9 \u03ba\u03b1\u03c4\u03b1\u03b8\u03ad\u03c3\u03b5\u03b9\u03c2 \u03c4\u03bf\u03c5\u03c2 (\u03b5\u03cd\u03bb\u03bf\u03b3\u03b7, \u03b1\u03c6\u03bf\u03cd \u03ba\u03b1\u03bc\u03af\u03b1 \u03c4\u03c1\u03ac\u03c0\u03b5\u03b6\u03b1 \u03b4\u03b5\u03bd \u03b4\u03b9\u03b1\u03c4\u03b7\u03c1\u03b5\u03af \u03c4\u03b9\u03c2 \u03ba\u03b1\u03c4\u03b1\u03b8\u03ad\u03c3\u03b5\u03b9\u03c2 \u03c3\u03c4\u03b1 \u03b8\u03b7\u03c3\u03b1\u03c5\u03c1\u03bf\u03c6\u03c5\u03bb\u03ac\u03ba\u03b9\u03b1 \u03c4\u03b7\u03c2, \u03b1\u03bb\u03bb\u03ac \u03bc\u03cc\u03bb\u03b9\u03c2 \u03c4\u03bf 2% \u03c3\u03c4\u03b7\u03bd \u03ba\u03b5\u03bd\u03c4\u03c1\u03b9\u03ba\u03ae<\/strong>). \u0388\u03c4\u03c3\u03b9, \u03bf\u03b9 \u03ac\u03bd\u03b8\u03c1\u03c9\u03c0\u03bf\u03b9 \u03c0\u03c1\u03bf\u03c3\u03c0\u03b1\u03b8\u03bf\u03cd\u03c3\u03b1\u03bd \u03bd\u03b1 \u03b1\u03c0\u03bf\u03c3\u03cd\u03c1\u03bf\u03c5\u03bd \u03c4\u03b1 \u03c7\u03c1\u03ae\u03bc\u03b1\u03c4\u03b1 \u03c4\u03bf\u03c5\u03c2 \u03c4\u03bf \u03b4\u03c5\u03bd\u03b1\u03c4\u03cc\u03bd \u03b3\u03c1\u03b7\u03b3\u03bf\u03c1\u03cc\u03c4\u03b5\u03c1\u03b1 \u2013 \u03c0\u03c1\u03b9\u03bd \u03b5\u03be\u03b1\u03bd\u03c4\u03bb\u03b7\u03b8\u03bf\u03cd\u03bd \u03b4\u03b7\u03bb\u03b1\u03b4\u03ae \u03c4\u03b1 \u03b1\u03c0\u03bf\u03b8\u03ad\u03bc\u03b1\u03c4\u03b1 \u03c4\u03c9\u03bd \u03c4\u03c1\u03b1\u03c0\u03b5\u03b6\u03ce\u03bd. <\/span><\/p>\n

<\/span><\/p>\n

\u0391\u03c0\u03bf\u03c6\u03b1\u03c3\u03af\u03c3\u03b8\u03b7\u03ba\u03b5 \u03bb\u03bf\u03b9\u03c0\u03cc\u03bd \u03cc\u03c4\u03b9, \u03b7 \u03bb\u03cd\u03c3\u03b7 \u03ae\u03c4\u03b1\u03bd \u03b7 \u03b5\u03b3\u03b3\u03cd\u03b7\u03c3\u03b7 \u03c4\u03c9\u03bd \u03c4\u03c1\u03b1\u03c0\u03b5\u03b6\u03b9\u03ba\u03ce\u03bd \u03ba\u03b1\u03c4\u03b1\u03b8\u03ad\u03c3\u03b5\u03c9\u03bd \u2013 \u03b7 \u03ba\u03ac\u03bb\u03c5\u03c8\u03b7 \u03c4\u03bf\u03c5\u03c2 \u03b4\u03b7\u03bb\u03b1\u03b4\u03ae \u03ba\u03b1\u03c4\u03ac 100% \u03bc\u03b5 \u03b4\u03bf\u03bb\u03ac\u03c1\u03b9\u03b1<\/strong>. \u039a\u03ac\u03c4\u03b9 \u03c4\u03ad\u03c4\u03bf\u03b9\u03bf \u03cc\u03bc\u03c9\u03c2 \u03ae\u03c4\u03b1\u03bd \u03b1\u03b4\u03cd\u03bd\u03b1\u03c4\u03bf\u03bd \u03b3\u03b9\u03b1 \u03c4\u03b7\u03bd \u03ba\u03b5\u03bd\u03c4\u03c1\u03b9\u03ba\u03ae \u03c4\u03c1\u03ac\u03c0\u03b5\u03b6\u03b1 \u03c4\u03b7\u03c2 \u039f\u03c5\u03c1\u03bf\u03c5\u03b3\u03bf\u03c5\u03ac\u03b7\u03c2, \u03b5\u03c0\u03b5\u03b9\u03b4\u03ae \u03b4\u03b5\u03bd \u03bc\u03c0\u03bf\u03c1\u03bf\u03cd\u03c3\u03b5 \u03bd\u03b1 \u03b4\u03b1\u03bd\u03b5\u03b9\u03c3\u03b8\u03b5\u03af \u03ad\u03bd\u03b1 \u03c4\u03ad\u03c4\u03bf\u03b9\u03bf \u03c0\u03bf\u03c3\u03cc\u03bd. \u0388\u03c4\u03c3\u03b9, \u03b7 \u03b5\u03c0\u03b9\u03c4\u03c1\u03bf\u03c0\u03ae \u03b1\u03c0\u03b5\u03c5\u03b8\u03cd\u03bd\u03b8\u03b7\u03ba\u03b5 \u03c3\u03c4\u03bf \u0394\u039d\u03a4 \u03b3\u03b9\u03b1 \u03c4\u03b7 \u03c7\u03c1\u03b7\u03bc\u03b1\u03c4\u03bf\u03b4\u03cc\u03c4\u03b7\u03c3\u03b7, \u03ba\u03b1\u03c4\u03b1\u03b2\u03ac\u03bb\u03bb\u03bf\u03bd\u03c4\u03b1\u03c2 \u03bc\u03b5\u03b3\u03ac\u03bb\u03b5\u03c2 \u03c0\u03c1\u03bf\u03c3\u03c0\u03ac\u03b8\u03b5\u03b9\u03b5\u03c2 \u03bd\u03b1 \u03c0\u03b5\u03af\u03c3\u03b5\u03b9 \u03c4\u03bf \u03a4\u03b1\u03bc\u03b5\u03af\u03bf \u03b3\u03b9\u03b1 \u03c4\u03b7\u03bd \u03b5\u03c0\u03b9\u03c4\u03c5\u03c7\u03af\u03b1 \u03c4\u03bf\u03c5 \u03c3\u03c7\u03b5\u03b4\u03af\u03bf\u03c5 \u03c4\u03b7\u03c2. \u03a3\u03c4\u03cc\u03c7\u03bf\u03c2 \u03c4\u03b7\u03c2 \u03ae\u03c4\u03b1\u03bd \u03ad\u03bd\u03b1 \u03b4\u03ac\u03bd\u03b5\u03b9\u03bf \u03cd\u03c8\u03bf\u03c5\u03c2 1,5 \u03b4\u03b9\u03c2 $<\/strong> – \u03bf\u03c0\u03cc\u03c4\u03b5, \u03b5\u03ac\u03bd \u03c4\u03bf \u0394\u039d\u03a4 \u03c3\u03c5\u03bc\u03c6\u03c9\u03bd\u03bf\u03cd\u03c3\u03b5 \u03bd\u03b1 \u03b4\u03ce\u03c3\u03b5\u03b9 500 \u03b5\u03ba. $, \u03c4\u03b1 \u03c5\u03c0\u03cc\u03bb\u03bf\u03b9\u03c0\u03b1 \u03b8\u03b1 \u03bc\u03c0\u03bf\u03c1\u03bf\u03cd\u03c3\u03b1\u03bd \u03bd\u03b1 \u03b5\u03be\u03b1\u03c3\u03c6\u03b1\u03bb\u03b9\u03c3\u03b8\u03bf\u03cd\u03bd \u03b1\u03c0\u03cc \u03c4\u03b7\u03bd \u03a0\u03b1\u03b3\u03ba\u03cc\u03c3\u03bc\u03b9\u03b1 \u03a4\u03c1\u03ac\u03c0\u03b5\u03b6\u03b1, \u03c9\u03c2 \u03c3\u03c5\u03bd\u03ae\u03b8\u03c9\u03c2 \u03c3\u03b5 \u03c3\u03c5\u03bd\u03b5\u03c1\u03b3\u03b1\u03c3\u03af\u03b1 \u03bc\u03b5 \u03c4\u03b7\u03bd <\/span>IDB<\/span> (<\/span>Inter<\/span>–<\/span>American<\/span> <\/span>Development<\/span> <\/span>Bank<\/span>). <\/span><\/p>\n

<\/span><\/p>\n

\u03a4\u03bf \u0394\u039d\u03a4, \u03cc\u03c0\u03c9\u03c2 \u03ba\u03b1\u03b9 \u03bf\u03b9 \u03b4\u03cd\u03bf \u03c5\u03c0\u03cc\u03bb\u03bf\u03b9\u03c0\u03bf\u03b9 \u03bf\u03c1\u03b3\u03b1\u03bd\u03b9\u03c3\u03bc\u03bf\u03af, \u03c3\u03c5\u03bc\u03c6\u03ce\u03bd\u03b7\u03c3\u03b1\u03bd \u03c4\u03b5\u03bb\u03b9\u03ba\u03ac \u03b5\u03bd\u03ce, \u03b5\u03c0\u03b5\u03b9\u03b4\u03ae \u03b7 \u03b5\u03c0\u03b9\u03c4\u03c1\u03bf\u03c0\u03ae \u03b8\u03b5\u03c9\u03c1\u03bf\u03cd\u03c3\u03b5 \u03b1\u03c0\u03b1\u03c1\u03b1\u03af\u03c4\u03b7\u03c4\u03b7 \u03c0\u03c1\u03bf\u03cb\u03c0\u03cc\u03b8\u03b5\u03c3\u03b7 \u03b3\u03b9\u03b1 \u03c4\u03b7\u03bd \u03b5\u03c0\u03b9\u03c4\u03c5\u03c7\u03af\u03b1 \u03c4\u03bf\u03c5 \u03c3\u03c7\u03b5\u03b4\u03af\u03bf\u03c5 \u03c4\u03b7\u03c2 \u03c4\u03bf \u03ac\u03bc\u03b5\u03c3\u03bf \u03ac\u03bd\u03bf\u03b9\u03b3\u03bc\u03b1 \u03c4\u03c9\u03bd \u03c4\u03c1\u03b1\u03c0\u03b5\u03b6\u03ce\u03bd, \u03b6\u03b7\u03c4\u03ae\u03b8\u03b7\u03ba\u03b5 \u03b4\u03ac\u03bd\u03b5\u03b9\u03bf \u03b1\u03c0\u03cc \u03c4\u03bf <\/span>U<\/span>.<\/span>S<\/span>. <\/span>Treasury<\/span> (<\/span>bridge<\/span> <\/span>loan<\/span>), \u03ad\u03c9\u03c2 \u03cc\u03c4\u03bf\u03c5 \u03bf\u03b9 \u03c4\u03c1\u03b5\u03b9\u03c2 \u03bf\u03c1\u03b3\u03b1\u03bd\u03b9\u03c3\u03bc\u03bf\u03af \u03bf\u03bb\u03bf\u03ba\u03bb\u03b7\u03c1\u03ce\u03c3\u03bf\u03c5\u03bd \u03c4\u03b9\u03c2 \u03b1\u03c0\u03b1\u03c1\u03b1\u03af\u03c4\u03b7\u03c4\u03b5\u03c2 \u03b4\u03b9\u03b1\u03b4\u03b9\u03ba\u03b1\u03c3\u03af\u03b5\u03c2 \u03ad\u03b3\u03ba\u03c1\u03b9\u03c3\u03b7\u03c2. \u0388\u03c4\u03c3\u03b9, \u03bf\u03b9 \u03c4\u03c1\u03ac\u03c0\u03b5\u03b6\u03b5\u03c2 \u03ac\u03bd\u03bf\u03b9\u03be\u03b1\u03bd \u03c0\u03bf\u03bb\u03cd \u03b3\u03c1\u03ae\u03b3\u03bf\u03c1\u03b1, \u03b7 \u03b5\u03c0\u03b9\u03b4\u03c1\u03bf\u03bc\u03ae \u03c4\u03c9\u03bd \u03ba\u03b1\u03c4\u03b1\u03b8\u03b5\u03c4\u03ce\u03bd \u03b4\u03b5\u03bd \u03c3\u03c5\u03bd\u03b5\u03c7\u03af\u03c3\u03b8\u03b7\u03ba\u03b5, \u03b7 \u03ba\u03c1\u03af\u03c3\u03b7 \u03c4\u03b5\u03bb\u03b5\u03af\u03c9\u03c3\u03b5 \u03ba\u03b1\u03b9 \u03b7 \u03b1\u03bd\u03ac\u03c0\u03c4\u03c5\u03be\u03b7 \u03b5\u03c0\u03b1\u03bd\u03ae\u03bb\u03b8\u03b5 \u03c4\u03bf 2003 (\u03b1\u03cd\u03be\u03b7\u03c3\u03b7 \u03c4\u03bf\u03c5 \u0391\u0395\u03a0 \u03ba\u03b1\u03c4\u03ac 11% \u03c4\u03bf 2004). <\/span><\/p>\n

<\/span><\/p>\n

\u0391\u03c1\u03b3\u03cc\u03c4\u03b5\u03c1\u03b1, \u03c4\u03bf \u039c\u03ac\u03b9\u03bf \u03c4\u03bf\u03c5 2003, \u03b7 \u03ba\u03c5\u03b2\u03ad\u03c1\u03bd\u03b7\u03c3\u03b7 \u03c4\u03b7\u03c2 \u039f\u03c5\u03c1\u03bf\u03c5\u03b3\u03bf\u03c5\u03ac\u03b7\u03c2 \u03c3\u03c5\u03bd\u03b5\u03c1\u03b3\u03ac\u03c3\u03b8\u03b7\u03ba\u03b5 \u03bc\u03b5 \u03c4\u03bf\u03c5\u03c2 \u03c0\u03b9\u03c3\u03c4\u03c9\u03c4\u03ad\u03c2 \u03c4\u03b7\u03c2, \u03bc\u03b5 \u03c3\u03c4\u03cc\u03c7\u03bf \u03c4\u03b7\u03bd \u03b1\u03bd\u03b1\u03b4\u03b9\u03ac\u03c1\u03b8\u03c1\u03c9\u03c3\u03b7 \u03c4\u03bf\u03c5 \u03b4\u03b7\u03bc\u03bf\u03c3\u03af\u03bf\u03c5 \u03c7\u03c1\u03ad\u03bf\u03c5\u03c2 \u03c4\u03b7\u03c2. \u0397 \u00ab\u03c0\u03c1\u03bf\u03c3\u03c6\u03bf\u03c1\u03ac\u00bb \u03c4\u03c9\u03bd \u03bd\u03ad\u03c9\u03bd \u00ab\u03bf\u03bc\u03bf\u03bb\u03cc\u03b3\u03c9\u03bd \u03b1\u03bd\u03c4\u03b1\u03bb\u03bb\u03b1\u03b3\u03ae\u03c2\u00bb \u03b1\u03bd\u03b1\u03ba\u03bf\u03b9\u03bd\u03ce\u03b8\u03b7\u03ba\u03b5 \u03c3\u03c4\u03b9\u03c2 10 \u0391\u03c0\u03c1\u03b9\u03bb\u03af\u03bf\u03c5 \u03ba\u03b1\u03b9 \u03bf\u03bb\u03bf\u03ba\u03bb\u03b7\u03c1\u03ce\u03b8\u03b7\u03ba\u03b5 \u03c3\u03c4\u03b9\u03c2 29 \u039c\u03b1\u0390\u03bf\u03c5, \u03bc\u03b5 \u03c4\u03b7\u03bd \u03b1\u03c0\u03bf\u03b4\u03bf\u03c7\u03ae \u03c4\u03bf\u03c5 93% \u03c4\u03c9\u03bd \u03c0\u03b9\u03c3\u03c4\u03c9\u03c4\u03ce\u03bd. \u0391\u03c0\u03cc \u03c4\u03b1 5,4 \u03b4\u03b9\u03c2 $ \u03b4\u03b7\u03bb\u03b1\u03b4\u03ae \u03b1\u03bd\u03b1\u03b4\u03b9\u03b1\u03c1\u03b8\u03c1\u03ce\u03b8\u03b7\u03ba\u03b1\u03bd \u03c4\u03b5\u03bb\u03b9\u03ba\u03ac \u03c4\u03b1 5 \u03b4\u03b9\u03c2 $, \u03b5\u03bd\u03ce \u03c4\u03bf \u0394\u039d\u03a4 \u03c5\u03c0\u03bf\u03bb\u03cc\u03b3\u03b9\u03c3\u03b5 \u03c4\u03bf\u03bd \u03c0\u03b5\u03c1\u03b9\u03bf\u03c1\u03b9\u03c3\u03bc\u03cc \u03c4\u03b7\u03c2 \u03b1\u03be\u03af\u03b1\u03c2 \u03c4\u03c9\u03bd \u03bf\u03bc\u03bf\u03bb\u03cc\u03b3\u03c9\u03bd, \u03bb\u03cc\u03b3\u03c9 \u03c4\u03b7\u03c2 \u03c7\u03c1\u03bf\u03bd\u03b9\u03ba\u03ae\u03c2 \u03c4\u03bf\u03c5\u03c2 \u03bc\u03b5\u03c4\u03ac\u03b8\u03b5\u03c3\u03b7\u03c2, \u03c3\u03c4\u03bf -20%. <\/strong><\/span><\/p>\n

<\/span><\/p>\n

\u039f\u03c5\u03c3\u03b9\u03b1\u03c3\u03c4\u03b9\u03ba\u03ac \u03c3\u03c5\u03bc\u03c6\u03c9\u03bd\u03ae\u03b8\u03b7\u03ba\u03b5 \u03b7 \u03b1\u03cd\u03be\u03b7\u03c3\u03b7 \u03c4\u03bf\u03c5 \u03c7\u03c1\u03cc\u03bd\u03bf\u03c5 \u03b1\u03c0\u03bf\u03c0\u03bb\u03b7\u03c1\u03c9\u03bc\u03ae\u03c2 \u03c4\u03c9\u03bd \u03bf\u03bc\u03bf\u03bb\u03cc\u03b3\u03c9\u03bd \u03c4\u03bf\u03c5 \u03b4\u03b7\u03bc\u03bf\u03c3\u03af\u03bf\u03c5 \u03ba\u03b1\u03c4\u03ac \u03c0\u03ad\u03bd\u03c4\u03b5 \u03ad\u03c4\u03b7, \u03c7\u03c9\u03c1\u03af\u03c2 \u03bd\u03b1 \u03bc\u03b5\u03b9\u03c9\u03b8\u03b5\u03af \u03b7 \u03bf\u03bd\u03bf\u03bc\u03b1\u03c3\u03c4\u03b9\u03ba\u03ae \u03c4\u03bf\u03c5\u03c2 \u03b1\u03be\u03af\u03b1 (\u03b4\u03b5\u03bd \u03c5\u03c0\u03ae\u03c1\u03be\u03b5 \u03b4\u03b9\u03b1\u03b3\u03c1\u03b1\u03c6\u03ae \u03c7\u03c1\u03ad\u03bf\u03c5\u03c2 \u2013 <\/span>haircut<\/span>) \u03ba\u03b1\u03b9 \u03c7\u03c9\u03c1\u03af\u03c2 \u03bd\u03b1 \u03c5\u03c0\u03ac\u03c1\u03be\u03b5\u03b9 \u03ba\u03b1\u03bc\u03af\u03b1 \u03b1\u03bb\u03bb\u03b1\u03b3\u03ae \u03c3\u03c4\u03b1 \u03b5\u03c0\u03b9\u03c4\u03cc\u03ba\u03b9\u03b1. \u03a4\u03bf \u03c7\u03c1\u03ad\u03bf\u03c2 \u03c0\u03c1\u03bf\u03c2 \u03c4\u03bf \u0394\u039d\u03a4 \u03b1\u03c0\u03bf\u03c0\u03bb\u03b7\u03c1\u03ce\u03b8\u03b7\u03ba\u03b5 \u03ba\u03b1\u03b9 \u03b7 \u03c7\u03ce\u03c1\u03b1 \u03b5\u03c0\u03b1\u03bd\u03ae\u03bb\u03b8\u03b5 \u03c3\u03c4\u03b9\u03c2 \u03c7\u03c1\u03b7\u03bc\u03b1\u03c4\u03bf\u03c0\u03b9\u03c3\u03c4\u03c9\u03c4\u03b9\u03ba\u03ad\u03c2 \u03b1\u03b3\u03bf\u03c1\u03ad\u03c2 \u03c4\u03bf\u03bd \u03af\u03b4\u03b9\u03bf \u03c7\u03c1\u03cc\u03bd\u03bf, \u03bc\u03b5\u03c4\u03ac \u03b1\u03c0\u03cc \u03c0\u03bf\u03bb\u03cd \u03c3\u03cd\u03bd\u03c4\u03bf\u03bc\u03b7 \u03b1\u03c0\u03bf\u03c5\u03c3\u03af\u03b1. <\/span><\/p>\n

<\/span><\/p>\n

\u03a4\u03ad\u03bb\u03bf\u03c2, \u03c0\u03b1\u03c1\u03ac \u03c4\u03bf \u03cc\u03c4\u03b9 \u03c4\u03b1 <\/span>CDS<\/span><\/strong><\/a> \u03c5\u03c0\u03ae\u03c1\u03c7\u03b1\u03bd \u03b5\u03ba\u03b5\u03af\u03bd\u03b7 \u03c4\u03b7\u03bd \u03b5\u03c0\u03bf\u03c7\u03ae, \u03b4\u03b5\u03bd \u03c7\u03c1\u03b7\u03c3\u03b9\u03bc\u03bf\u03c0\u03bf\u03b9\u03bf\u03cd\u03bd\u03c4\u03b1\u03bd \u03c3\u03b5 \u03bc\u03b5\u03b3\u03ac\u03bb\u03b7 \u03ad\u03ba\u03c4\u03b1\u03c3\u03b7, \u03bf\u03c0\u03cc\u03c4\u03b5 \u03b4\u03b5\u03bd \u03ad\u03b3\u03b9\u03bd\u03b5 \u03ba\u03b1\u03bc\u03af\u03b1 \u03c3\u03c5\u03b6\u03ae\u03c4\u03b7\u03c3\u03b7 \u03c3\u03c7\u03b5\u03c4\u03b9\u03ba\u03ac \u03bc\u03b5 \u03c4\u03bf \u03b5\u03ac\u03bd \u03b7 \u03b1\u03bd\u03b1\u03b4\u03b9\u03ac\u03c1\u03b8\u03c1\u03c9\u03c3\u03b7 \u03c4\u03bf\u03c5 \u03c7\u03c1\u03ad\u03bf\u03c5\u03c2 \u03c4\u03b7\u03c2 \u039f\u03c5\u03c1\u03bf\u03c5\u03b3\u03bf\u03c5\u03ac\u03b7\u03c2 \u03b1\u03c0\u03bf\u03c4\u03b5\u03bb\u03bf\u03cd\u03c3\u03b5 <\/span>\u03c0\u03b9\u03c3\u03c4\u03c9\u03c4\u03b9\u03ba\u03cc \u03b3\u03b5\u03b3\u03bf\u03bd\u03cc\u03c2<\/span><\/strong><\/a> \u03ae \u03cc\u03c7\u03b9. \u03a3\u03b5 \u03ba\u03ac\u03b8\u03b5 \u03c0\u03b5\u03c1\u03af\u03c0\u03c4\u03c9\u03c3\u03b7, \u03b7 <\/span>S<\/span><\/strong>&<\/span><\/strong>P<\/span><\/strong> <\/span>\u03b1\u03be\u03b9\u03bf\u03bb\u03cc\u03b3\u03b7\u03c3\u03b5 \u03c4\u03b7\u03bd \u03b1\u03bd\u03b1\u03b4\u03b9\u03ac\u03c1\u03b8\u03c1\u03c9\u03c3\u03b7 \u03c3\u03b1\u03bd <\/span>SD<\/span> (<\/span>Selective<\/span> <\/span>Default<\/span> <\/span>\u2013 <\/span>\u0395\u03c0\u03b9\u03bb\u03b5\u03ba\u03c4\u03b9\u03ba\u03ae \u03a7\u03c1\u03b5\u03bf\u03ba\u03bf\u03c0\u03af\u03b1<\/span><\/strong><\/a>), \u03cc\u03c0\u03c9\u03c2 \u03c4\u03b7\u03bd \u0395\u03bb\u03bb\u03b7\u03bd\u03b9\u03ba\u03ae, \u03b5\u03bd\u03ce \u03b7 <\/span>Fitch<\/span><\/strong> <\/span>\u03c3\u03b1\u03bd \u03c7\u03c1\u03b5\u03bf\u03ba\u03bf\u03c0\u03af\u03b1 (<\/span>DDD<\/span>) \u2013 \u03b5\u03bd\u03ce \u03c4\u03b1 \u03b5\u03c0\u03b9\u03c4\u03cc\u03ba\u03b9\u03b1 \u03b4\u03b1\u03bd\u03b5\u03b9\u03c3\u03bc\u03bf\u03cd \u03c4\u03b7\u03c2 \u03c7\u03ce\u03c1\u03b1\u03c2, \u03c0\u03b1\u03c1\u03ac \u03c4\u03bf \u03cc\u03c4\u03b9 \u03bc\u03b5\u03b9\u03ce\u03b8\u03b7\u03ba\u03b1\u03bd \u03b4\u03c1\u03b1\u03c3\u03c4\u03b9\u03ba\u03ac, \u03c0\u03b1\u03c1\u03ad\u03bc\u03b5\u03b9\u03bd\u03b1\u03bd \u03ad\u03ba\u03c4\u03bf\u03c4\u03b5 \u03c3\u03c7\u03b5\u03b4\u03cc\u03bd \u03b4\u03b9\u03c0\u03bb\u03ac\u03c3\u03b9\u03b1<\/strong>, \u03c3\u03b5 \u03c3\u03c7\u03ad\u03c3\u03b7 \u03bc\u03b5 \u03b1\u03c5\u03c4\u03ac \u03c0\u03c1\u03b9\u03bd \u03b1\u03c0\u03cc \u03c4\u03b7\u03bd \u03ba\u03c1\u03af\u03c3\u03b7.<\/span><\/p>\n

<\/span><\/p>\n

\u0397 \u0391\u039d\u0391\u0394\u0399\u0391\u03a1\u0398\u03a1\u03a9\u03a3\u0397 \u03a4\u039f\u03a5 \u03a4\u03a1\u0391\u03a0\u0395\u0396\u0399\u039a\u039f\u03a5 \u03a3\u03a5\u03a3\u03a4\u0397\u039c\u0391\u03a4\u039f\u03a3<\/span><\/strong><\/p>\n

<\/span><\/strong><\/p>\n

\u03a3\u03b5 \u03c3\u03c7\u03ad\u03c3\u03b7 \u03bc\u03b5 \u03c4\u03b7\u03bd \u03b5\u03be\u03c5\u03b3\u03af\u03b1\u03bd\u03c3\u03b7 \u03c4\u03c9\u03bd \u03c4\u03c1\u03b1\u03c0\u03b5\u03b6\u03ce\u03bd, \u03b5\u03af\u03bd\u03b1\u03b9 \u03c3\u03b7\u03bc\u03b1\u03bd\u03c4\u03b9\u03ba\u03cc \u03bd\u03b1 \u03c4\u03b9\u03c2 \u03b4\u03b9\u03b1\u03c7\u03c9\u03c1\u03af\u03c3\u03b5\u03b9 \u03ba\u03b1\u03bd\u03b5\u03af\u03c2 \u03c3\u03b5 \u03c4\u03c1\u03b5\u03b9\u03c2 \u03bf\u03bc\u03ac\u03b4\u03b5\u03c2, \u03bb\u03cc\u03b3\u03c9 \u03c4\u03b7\u03c2 \u03c6\u03cd\u03c3\u03b5\u03c9\u03c2 \u03c4\u03c9\u03bd \u03c0\u03c1\u03bf\u03b2\u03bb\u03b7\u03bc\u03ac\u03c4\u03c9\u03bd \u03ba\u03b1\u03b9 \u03c4\u03c9\u03bd \u03b9\u03b4\u03b9\u03b1\u03b9\u03c4\u03b5\u03c1\u03bf\u03c4\u03ae\u03c4\u03c9\u03bd \u03c4\u03bf\u03c5\u03c2: \u03c3\u03c4\u03b9\u03c2 \u03ba\u03c1\u03b1\u03c4\u03b9\u03ba\u03ad\u03c2 (<\/span>BROU<\/span> <\/span>\u03ba\u03b1\u03b9 <\/span>BHU<\/span>), \u03c3\u03c4\u03b9\u03c2 \u03b9\u03b4\u03b9\u03c9\u03c4\u03b9\u03ba\u03ad\u03c2, \u03c3\u03c4\u03b9\u03c2 \u03bf\u03c0\u03bf\u03af\u03b5\u03c2 \u03b5\u03c0\u03b5\u03bd\u03ad\u03b2\u03b7 \u03c4\u03bf \u03b4\u03b7\u03bc\u03cc\u03c3\u03b9\u03bf (<\/span>Banco<\/span><\/em> <\/span><\/em>Comercial<\/span><\/em>, <\/span><\/em>Banco<\/span><\/em> <\/span><\/em>Mondevideo<\/span><\/em>–<\/span><\/em>Caja<\/span><\/em> <\/span><\/em>Obrera<\/span><\/em> <\/span><\/em>\u03ba\u03b1\u03b9 <\/em><\/span>Banco<\/span><\/em> <\/span><\/em>de<\/span><\/em> <\/span><\/em>Credito<\/span><\/em>), \u03ba\u03b1\u03b8\u03ce\u03c2 \u03b5\u03c0\u03af\u03c3\u03b7\u03c2 \u03c3\u03c4\u03b9\u03c2 \u03c5\u03c0\u03cc\u03bb\u03bf\u03b9\u03c0\u03b5\u03c2 \u03b9\u03b4\u03b9\u03c9\u03c4\u03b9\u03ba\u03ad\u03c2. <\/span><\/p>\n

<\/span><\/p>\n

\u039f\u03b9 \u03ba\u03c1\u03b1\u03c4\u03b9\u03ba\u03ad\u03c2 \u03c4\u03c1\u03ac\u03c0\u03b5\u03b6\u03b5\u03c2<\/span><\/em><\/strong><\/p>\n

<\/span><\/em><\/strong><\/p>\n

\u0397 <\/span><\/span><\/strong>BROU<\/span><\/span><\/strong>: \u03a3\u03b1\u03bd \u03b1\u03c0\u03bf\u03c4\u03ad\u03bb\u03b5\u03c3\u03bc\u03b1 \u03c4\u03b7\u03c2 \u03ba\u03c1\u03af\u03c3\u03b7\u03c2, \u03b7 <\/span>BROU<\/span> <\/span>\u03ad\u03c7\u03b1\u03c3\u03b5 \u03c0\u03b5\u03c1\u03af \u03c4\u03bf 66% \u03c4\u03c9\u03bd \u03c3\u03c5\u03bd\u03bf\u03bb\u03b9\u03ba\u03ce\u03bd \u03ba\u03b1\u03c4\u03b1\u03b8\u03ad\u03c3\u03b5\u03c9\u03bd \u03c4\u03b7\u03c2 \u03b5\u03bd\u03c4\u03cc\u03c2 \u03c4\u03bf\u03c5 2002 \u2013 \u03b3\u03b5\u03b3\u03bf\u03bd\u03cc\u03c2 \u03c0\u03bf\u03c5 \u03b5\u03c0\u03b9\u03b4\u03b5\u03af\u03bd\u03c9\u03c3\u03b5 \u03c3\u03b7\u03bc\u03b1\u03bd\u03c4\u03b9\u03ba\u03ac \u03c4\u03b7 \u03c1\u03b5\u03c5\u03c3\u03c4\u03cc\u03c4\u03b7\u03c4\u03b1 \u03c4\u03b7\u03c2, \u03b5\u03bd\u03ce \u03ad\u03c6\u03b5\u03c1\u03b5 \u03c3\u03c4\u03bf \u03c6\u03c9\u03c2 \u03c4\u03b1 \u03c0\u03c1\u03bf\u03b2\u03bb\u03ae\u03bc\u03b1\u03c4\u03b1 \u03c4\u03bf\u03c5 \u0399\u03c3\u03bf\u03bb\u03bf\u03b3\u03b9\u03c3\u03bc\u03bf\u03cd \u03c4\u03b7\u03c2, \u03ba\u03b1\u03b8\u03ce\u03c2 \u03b5\u03c0\u03af\u03c3\u03b7\u03c2 \u03c0\u03bf\u03bb\u03bb\u03ac \u03b4\u03b9\u03b1\u03c7\u03b5\u03b9\u03c1\u03b9\u03c3\u03c4\u03b9\u03ba\u03ac \u03b5\u03bb\u03b1\u03c4\u03c4\u03ce\u03bc\u03b1\u03c4\u03b1, \u03c0\u03c1\u03bf\u03b5\u03c1\u03c7\u03cc\u03bc\u03b5\u03bd\u03b1 \u03b1\u03c0\u03cc \u03c4\u03b7\u03bd \u00ab\u03b5\u03bb\u03bb\u03b5\u03b9\u03bc\u03bc\u03b1\u03c4\u03b9\u03ba\u03ae \u03b5\u03c4\u03b1\u03b9\u03c1\u03b9\u03ba\u03ae \u03b4\u03b9\u03b1\u03ba\u03c5\u03b2\u03ad\u03c1\u03bd\u03b7\u03c3\u03b7\u00bb \u03c4\u03b7\u03c2. \u039c\u03b5 \u03c4\u03b7 \u03c3\u03c5\u03bc\u03bc\u03b5\u03c4\u03bf\u03c7\u03ae \u03c4\u03bf\u03c5 \u0394\u039d\u03a4, \u03b7 \u03c4\u03c1\u03ac\u03c0\u03b5\u03b6\u03b1 \u03c5\u03c0\u03bf\u03c7\u03c1\u03b5\u03ce\u03b8\u03b7\u03ba\u03b5 \u03c3\u03b5 \u03ad\u03bd\u03b1 \u03b4\u03c1\u03b1\u03c3\u03c4\u03b9\u03ba\u03cc \u03c0\u03c1\u03cc\u03b3\u03c1\u03b1\u03bc\u03bc\u03b1 \u03b5\u03be\u03c5\u03b3\u03af\u03b1\u03bd\u03c3\u03b7\u03c2<\/strong>, \u03c4\u03bf \u03bf\u03c0\u03bf\u03af\u03bf \u03c3\u03c5\u03bc\u03c0\u03b5\u03c1\u03b9\u03b5\u03bb\u03ac\u03bc\u03b2\u03b1\u03bd\u03b5 \u03c4\u03b1 \u03b5\u03be\u03ae\u03c2: <\/span><\/p>\n

<\/span><\/p>\n

(\u03b1) \u03a4\u03bf 2003 \u03b9\u03b4\u03c1\u03cd\u03b8\u03b7\u03ba\u03b5 \u03bc\u03af\u03b1 \u03b5\u03c4\u03b1\u03b9\u03c1\u03b5\u03af\u03b1 \u03b4\u03b9\u03b1\u03c7\u03b5\u03af\u03c1\u03b9\u03c3\u03b7\u03c2 \u0395\u03bd\u03b5\u03c1\u03b3\u03b7\u03c4\u03b9\u03ba\u03bf\u03cd<\/strong> (<\/span>Asset<\/span> <\/span>Management<\/span> <\/span>Company<\/span>), \u03bc\u03b5 \u03c4\u03b7\u03bd \u03b5\u03b3\u03b3\u03cd\u03b7\u03c3\u03b7 \u03c4\u03bf\u03c5 \u03ba\u03c1\u03ac\u03c4\u03bf\u03c5\u03c2 \u03ba\u03b1\u03b9 \u03bc\u03b5 \u03c3\u03c4\u03cc\u03c7\u03bf \u03c4\u03b7\u03bd \u03ba\u03b1\u03c4\u03b7\u03b3\u03bf\u03c1\u03af\u03b1 \u03c4\u03c9\u03bd \u03b4\u03b1\u03bd\u03b5\u03af\u03c9\u03bd 4 \u03ba\u03b1\u03b9 5 (\u03c4\u03b1 \u03b5\u03c0\u03b9\u03c3\u03c6\u03b1\u03bb\u03ae \u03b4\u03ac\u03bd\u03b5\u03b9\u03b1 \u03c3\u03c4\u03b7\u03bd \u039f\u03c5\u03c1\u03bf\u03c5\u03b3\u03bf\u03c5\u03ac\u03b7 \u03bf\u03bd\u03bf\u03bc\u03ac\u03b6\u03bf\u03bd\u03c4\u03b1\u03b9 \u03b4\u03ac\u03bd\u03b5\u03b9\u03b1 \u03ba\u03b1\u03c4\u03b7\u03b3\u03bf\u03c1\u03af\u03b1\u03c2 4 \u03ba\u03b1\u03b9 5 \u03bc\u03ad\u03c3\u03b1 \u03c3\u03c4\u03bf \u03b2\u03b9\u03b2\u03bb\u03af\u03bf \u03c4\u03c9\u03bd \u03c4\u03c1\u03b1\u03c0\u03b5\u03b6\u03ce\u03bd, \u03b1\u03bd\u03c4\u03b9\u03c0\u03c1\u03bf\u03c3\u03c9\u03c0\u03b5\u03cd\u03bf\u03bd\u03c4\u03b1\u03c2 \u03c4\u03b9\u03c2 \u03b4\u03cd\u03bf \u03c0\u03b9\u03bf \u03b5\u03c0\u03b9\u03ba\u03af\u03bd\u03b4\u03c5\u03bd\u03b5\u03c2 \u03ba\u03b1\u03c4\u03b7\u03b3\u03bf\u03c1\u03af\u03b5\u03c2 \u03bc\u03b5\u03c4\u03b1\u03be\u03cd \u03c3\u03c5\u03bd\u03bf\u03bb\u03b9\u03ba\u03ac \u03c0\u03ad\u03bd\u03c4\u03b5). <\/span><\/p>\n

<\/span><\/p>\n

\u03a3\u03cd\u03bc\u03c6\u03c9\u03bd\u03b1 \u03bc\u03b5 \u03c4\u03bf \u03c0\u03c1\u03cc\u03b3\u03c1\u03b1\u03bc\u03bc\u03b1, \u03c4\u03b1 \u03b4\u03ac\u03bd\u03b5\u03b9\u03b1 \u03b1\u03c5\u03c4\u03ac \u03cc\u03c6\u03b5\u03b9\u03bb\u03b1\u03bd \u03b1\u03c6\u03b5\u03bd\u03cc\u03c2 \u03bc\u03b5\u03bd \u03bd\u03b1 \u00ab\u03b1\u03c0\u03bf\u03c3\u03b2\u03b5\u03c3\u03b8\u03bf\u03cd\u03bd\u00bb \u03bb\u03cc\u03b3\u03c9 \u03c0\u03bb\u03ae\u03c1\u03bf\u03c5\u03c2 \u03b1\u03b4\u03c5\u03bd\u03b1\u03bc\u03af\u03b1\u03c2 \u03b5\u03af\u03c3\u03c0\u03c1\u03b1\u03be\u03b7\u03c2 \u03c4\u03bf\u03c5\u03c2, \u03b1\u03c6\u03b5\u03c4\u03ad\u03c1\u03bf\u03c5 \u03bd\u03b1 \u00ab\u03ba\u03b1\u03bb\u03c5\u03c6\u03b8\u03bf\u03cd\u03bd\u00bb \u03c7\u03c1\u03b7\u03bc\u03b1\u03c4\u03bf\u03c0\u03b9\u03c3\u03c4\u03c9\u03c4\u03b9\u03ba\u03ac,<\/strong> \u03b5\u03bd\u03c4\u03cc\u03c2 \u03bc\u03af\u03b1\u03c2 \u03c0\u03b5\u03c1\u03b9\u03cc\u03b4\u03bf\u03c5 5 \u03b5\u03c4\u03ce\u03bd. \u0397 \u03c4\u03c1\u03ac\u03c0\u03b5\u03b6\u03b1 \u03c5\u03c0\u03bf\u03c3\u03c7\u03ad\u03b8\u03b7\u03ba\u03b5 \u03bd\u03b1 \u03bf\u03bb\u03bf\u03ba\u03bb\u03b7\u03c1\u03ce\u03c3\u03b5\u03b9 \u03c4\u03b7 \u03bc\u03b5\u03c4\u03b1\u03c6\u03bf\u03c1\u03ac \u03b1\u03c5\u03c4\u03ce\u03bd \u03c4\u03c9\u03bd \u03b4\u03b1\u03bd\u03b5\u03af\u03c9\u03bd \u03c0\u03c1\u03bf\u03c2 \u03c4\u03b7\u03bd \u03b5\u03c4\u03b1\u03b9\u03c1\u03b5\u03af\u03b1 \u03b4\u03b9\u03b1\u03c7\u03b5\u03af\u03c1\u03b9\u03c3\u03b7\u03c2 \u0395\u03bd\u03b5\u03c1\u03b3\u03b7\u03c4\u03b9\u03ba\u03bf\u03cd, \u03bc\u03ad\u03c7\u03c1\u03b9 \u03c4\u03bf \u0394\u03b5\u03ba\u03ad\u03bc\u03b2\u03c1\u03b7 \u03c4\u03bf\u03c5 2004. <\/span><\/p>\n

<\/span><\/p>\n

(\u03b2) \u0397 \u03ba\u03c5\u03b2\u03ad\u03c1\u03bd\u03b7\u03c3\u03b7 \u03ba\u03ac\u03bb\u03c5\u03c8\u03b5 \u03ad\u03bd\u03b1 \u03bf\u03bc\u03cc\u03bb\u03bf\u03b3\u03bf \u03b4\u03b1\u03bd\u03b5\u03b9\u03c3\u03bc\u03bf\u03cd \u03c4\u03b7\u03c2 <\/span>BROU<\/span> (\u03b1\u03c6\u03bf\u03c1\u03bf\u03cd\u03c3\u03b5 \u03ad\u03bd\u03b1 \u03b5\u03b3\u03b3\u03c5\u03b7\u03bc\u03ad\u03bd\u03bf \u03b1\u03c0\u03cc \u03c4\u03bf \u03ba\u03c1\u03ac\u03c4\u03bf\u03c2 \u03bf\u03bc\u03cc\u03bb\u03bf\u03b3\u03bf \u03cd\u03c8\u03bf\u03c5\u03c2 776 \u03b5\u03ba. $, \u03c4\u03bf \u03bf\u03c0\u03bf\u03af\u03bf \u03b5\u03af\u03c7\u03b5 \u03b5\u03ba\u03b4\u03ce\u03c3\u03b5\u03b9 \u03b7 \u03b4\u03b5\u03cd\u03c4\u03b5\u03c1\u03b7 \u03b4\u03b7\u03bc\u03cc\u03c3\u03b9\u03b1 \u03c4\u03c1\u03ac\u03c0\u03b5\u03b6\u03b1, \u03b7 <\/span>BHU<\/span>, \u03b7 \u03bf\u03c0\u03bf\u03af\u03b1 \u03b4\u03b5\u03bd \u03bc\u03c0\u03bf\u03c1\u03bf\u03cd\u03c3\u03b5 \u03c0\u03bb\u03ad\u03bf\u03bd \u03bd\u03b1 \u03c4\u03bf \u03b5\u03be\u03c5\u03c0\u03b7\u03c1\u03b5\u03c4\u03ae\u03c3\u03b5\u03b9), \u03b5\u03bd\u03ce \u03b7 <\/span>BHU<\/span> \u03c5\u03c0\u03bf\u03c3\u03c7\u03ad\u03b8\u03b7\u03ba\u03b5 \u03bd\u03b1 \u03c4\u03bf \u03b1\u03c0\u03bf\u03c0\u03bb\u03b7\u03c1\u03ce\u03c3\u03b5\u03b9 \u03c3\u03c4\u03bf \u03bc\u03ad\u03bb\u03bb\u03bf\u03bd.<\/span><\/p>\n

<\/span><\/p>\n

(\u03b3) \u0397 \u03c4\u03c1\u03ac\u03c0\u03b5\u03b6\u03b1 \u03c5\u03c0\u03bf\u03c7\u03c1\u03b5\u03ce\u03b8\u03b7\u03ba\u03b5 \u03bd\u03b1 \u03b4\u03b9\u03b1\u03c6\u03bf\u03c1\u03bf\u03c0\u03bf\u03b9\u03ae\u03c3\u03b5\u03b9 \u03bc\u03b5\u03bb\u03bb\u03bf\u03bd\u03c4\u03b9\u03ba\u03ac \u03c4\u03b7\u03bd \u03b5\u03bc\u03c0\u03bf\u03c1\u03b9\u03ba\u03ae \u03c4\u03b7\u03c2 \u03b4\u03c1\u03b1\u03c3\u03c4\u03b7\u03c1\u03b9\u03cc\u03c4\u03b7\u03c4\u03b1, \u03b1\u03c0\u03b1\u03c3\u03c7\u03bf\u03bb\u03bf\u03cd\u03bc\u03b5\u03bd\u03b7 \u03bc\u03cc\u03bd\u03bf \u03bc\u03b5 \u03c0\u03c1\u03bf\u03ca\u03cc\u03bd\u03c4\u03b1 \u03b2\u03b1\u03c3\u03b9\u03b6\u03cc\u03bc\u03b5\u03bd\u03b1 \u03c3\u03c4\u03bf \u03c0\u03ad\u03b6\u03bf<\/strong> (\u03ba\u03b1\u03b8\u03cc\u03bb\u03bf\u03c5 \u03bc\u03b5 \u03c0\u03c1\u03bf\u03ca\u03cc\u03bd\u03c4\u03b1 \u03ac\u03bb\u03bb\u03c9\u03bd \u03bd\u03bf\u03bc\u03b9\u03c3\u03bc\u03ac\u03c4\u03c9\u03bd).<\/span><\/p>\n

<\/span><\/p>\n

(\u03b4) \u03a4\u03bf \u03ba\u03cc\u03c3\u03c4\u03bf\u03c2 \u03bb\u03b5\u03b9\u03c4\u03bf\u03c5\u03c1\u03b3\u03af\u03b1\u03c2 \u03c4\u03b7\u03c2 \u03b5\u03be\u03bf\u03c1\u03b8\u03bf\u03bb\u03bf\u03b3\u03af\u03c3\u03c4\u03b7\u03ba\u03b5, \u03bc\u03b5 \u03c3\u03c4\u03cc\u03c7\u03bf \u03c4\u03b7 \u03bc\u03b5\u03af\u03c9\u03c3\u03b7 \u03c4\u03bf\u03c5 \u03ba\u03b1\u03c4\u03ac 15% \u03b5\u03bd\u03c4\u03cc\u03c2 \u03c4\u03c9\u03bd \u03b4\u03cd\u03bf \u03b5\u03c0\u03bf\u03bc\u03ad\u03bd\u03c9\u03bd \u03b5\u03c4\u03ce\u03bd (\u03b1\u03c0\u03bf\u03bb\u03cd\u03c3\u03b5\u03b9\u03c2 \u03c0\u03c1\u03bf\u03c3\u03c9\u03c0\u03b9\u03ba\u03bf\u03cd \u03ba\u03bb\u03c0.)<\/span><\/p>\n

<\/span><\/p>\n

(\u03b5) \u03a4\u03bf \u03c4\u03bc\u03ae\u03bc\u03b1 \u03c1\u03af\u03c3\u03ba\u03bf\u03c5 (<\/span>credit<\/span> <\/span>risk<\/span> <\/span>management<\/span>) \u03ba\u03b1\u03b9 \u03c0\u03b1\u03c1\u03bf\u03c7\u03ae\u03c2 \u03b4\u03b1\u03bd\u03b5\u03af\u03c9\u03bd \u03c4\u03b7\u03c2 \u03c4\u03c1\u03ac\u03c0\u03b5\u03b6\u03b1\u03c2, \u03c5\u03c0\u03bf\u03c7\u03c1\u03b5\u03ce\u03b8\u03b7\u03ba\u03b5 \u03bd\u03b1 \u03c0\u03b5\u03c1\u03b9\u03bf\u03c1\u03af\u03c3\u03b5\u03b9 \u03c1\u03b9\u03b6\u03b9\u03ba\u03ac \u03c4\u03bf \u03c0\u03bf\u03c3\u03bf\u03c3\u03c4\u03cc \u03c4\u03c9\u03bd \u03b5\u03c0\u03b9\u03c3\u03c6\u03b1\u03bb\u03b5\u03b9\u03ce\u03bd \u03c3\u03c4\u03bf \u03bc\u03ad\u03bb\u03bb\u03bf\u03bd. <\/span><\/p>\n

<\/span><\/p>\n

\u0397 <\/span><\/span><\/strong>BHU<\/span><\/span><\/strong>: \u03a4\u03ad\u03bb\u03b7 \u03c4\u03bf\u03c5 2001, \u03bf\u03b9 \u03c0\u03b5\u03c1\u03b9\u03c3\u03c3\u03cc\u03c4\u03b5\u03c1\u03b5\u03c2 \u03ba\u03b1\u03c4\u03b1\u03b8\u03ad\u03c3\u03b5\u03b9\u03c2 \u03c4\u03b7\u03c2 <\/span>BHU<\/span> (77%) \u03ae\u03c4\u03b1\u03bd \u03c3\u03b5 \u03b4\u03bf\u03bb\u03ac\u03c1\u03b9\u03b1, \u03b5\u03bd\u03ce \u03b7 \u03c3\u03c5\u03bd\u03c4\u03c1\u03b9\u03c0\u03c4\u03b9\u03ba\u03ae \u03c0\u03bb\u03b5\u03b9\u03bf\u03c8\u03b7\u03c6\u03af\u03b1 \u03c4\u03c9\u03bd \u03b4\u03b1\u03bd\u03b5\u03af\u03c9\u03bd \u03c4\u03b7\u03c2 (94%) \u03ae\u03c4\u03b1\u03bd \u03c3\u03b5 \u03c0\u03ad\u03b6\u03bf\u03c2 \u2013 \u00ab\u03b1\u03bd\u03b1\u03c6\u03b5\u03c1\u03cc\u03bc\u03b5\u03bd\u03b5\u03c2\u00bb \u03c3\u03b5 \u03bf\u03c6\u03b5\u03b9\u03bb\u03ad\u03c4\u03b5\u03c2, \u03c4\u03b1 \u03b5\u03b9\u03c3\u03bf\u03b4\u03ae\u03bc\u03b1\u03c4\u03b1 \u03c4\u03c9\u03bd \u03bf\u03c0\u03bf\u03af\u03c9\u03bd (\u03bc\u03b9\u03c3\u03b8\u03bf\u03af \u03ba\u03bb\u03c0.) \u03ae\u03c4\u03b1\u03bd \u03c3\u03b5 \u03c0\u03ad\u03b6\u03bf\u03c2. \u038c\u03c0\u03c9\u03c2 \u03ae\u03c4\u03b1\u03bd \u03c6\u03c5\u03c3\u03b9\u03ba\u03cc, \u03cc\u03c4\u03b1\u03bd \u03be\u03ad\u03c3\u03c0\u03b1\u03c3\u03b5 \u03b7 \u03ba\u03c1\u03af\u03c3\u03b7 \u03ba\u03b1\u03b9 \u03c5\u03c0\u03bf\u03c4\u03b9\u03bc\u03ae\u03b8\u03b7\u03ba\u03b5 \u03c3\u03b7\u03bc\u03b1\u03bd\u03c4\u03b9\u03ba\u03ac \u03c4\u03bf \u03b5\u03b8\u03bd\u03b9\u03ba\u03cc \u03bd\u03cc\u03bc\u03b9\u03c3\u03bc\u03b1, \u03b7 \u03bc\u03b5\u03b3\u03ac\u03bb\u03b7 \u03ad\u03ba\u03b8\u03b5\u03c3\u03b7 \u03c4\u03b7\u03c2 \u03c4\u03c1\u03ac\u03c0\u03b5\u03b6\u03b1\u03c2 \u03c3\u03b5 \u03b4\u03ac\u03bd\u03b5\u03b9\u03b1 \u03b5\u03af\u03c7\u03b5 \u03c3\u03b1\u03bd \u03b1\u03c0\u03bf\u03c4\u03ad\u03bb\u03b5\u03c3\u03bc\u03b1 \u03bd\u03b1 \u03c6\u03c4\u03ac\u03c3\u03b5\u03b9 \u03c3\u03c4\u03bf \u03c7\u03b5\u03af\u03bb\u03bf\u03c2 \u03c4\u03b7\u03c2 \u03c7\u03c1\u03b5\u03bf\u03ba\u03bf\u03c0\u03af\u03b1\u03c2.<\/span><\/p>\n

<\/span><\/p>\n

\u039c\u03b5 \u03c4\u03b7 \u03b2\u03bf\u03ae\u03b8\u03b5\u03b9\u03b1 \u03c4\u03b7\u03c2 \u03a0\u03b1\u03b3\u03ba\u03cc\u03c3\u03bc\u03b9\u03b1\u03c2 \u03a4\u03c1\u03ac\u03c0\u03b5\u03b6\u03b1\u03c2 (\u03c4\u03bf \u0394\u039d\u03a4 \u03b5\u03af\u03c7\u03b5 \u03b1\u03bd\u03b1\u03bb\u03ac\u03b2\u03b5\u03b9 \u03c4\u03b7 \u03bc\u03af\u03b1 \u03ba\u03c1\u03b1\u03c4\u03b9\u03ba\u03ae \u03c4\u03c1\u03ac\u03c0\u03b5\u03b6\u03b1, \u03b5\u03bd\u03ce \u03b7 \u03a0\u03b1\u03b3\u03ba\u03cc\u03c3\u03bc\u03b9\u03b1 \u03a4\u03c1\u03ac\u03c0\u03b5\u03b6\u03b1 \u03c4\u03b7\u03bd \u03ac\u03bb\u03bb\u03b7<\/strong>), \u03b7 <\/span>BHU<\/span> <\/span>\u03b1\u03bd\u03b1\u03b4\u03b9\u03b1\u03c1\u03b8\u03c1\u03ce\u03b8\u03b7\u03ba\u03b5 \u03c1\u03b9\u03b6\u03b9\u03ba\u03ac \u2013 \u03c5\u03c0\u03bf\u03c7\u03c1\u03b5\u03bf\u03cd\u03bc\u03b5\u03bd\u03b7 \u03bd\u03b1 \u03bc\u03b5\u03c4\u03b1\u03c4\u03c1\u03b1\u03c0\u03b5\u03af \u03c3\u03b5 \u03ad\u03bd\u03b1 \u03bc\u03b7 \u03c4\u03c1\u03b1\u03c0\u03b5\u03b6\u03b9\u03ba\u03cc \u03af\u03b4\u03c1\u03c5\u03bc\u03b1, \u03c4\u03bf \u03bf\u03c0\u03bf\u03af\u03bf \u03b4\u03b5\u03bd \u03b5\u03c0\u03b9\u03c4\u03c1\u03b5\u03c0\u03cc\u03c4\u03b1\u03bd \u03c0\u03bb\u03ad\u03bf\u03bd \u03bd\u03b1 \u03bb\u03b1\u03bc\u03b2\u03ac\u03bd\u03b5\u03b9 \u03bd\u03ad\u03b5\u03c2 \u03ba\u03b1\u03c4\u03b1\u03b8\u03ad\u03c3\u03b5\u03b9\u03c2<\/strong> (\u03bc\u03b5 \u03b5\u03be\u03b1\u03af\u03c1\u03b5\u03c3\u03b7 \u03c4\u03b9\u03c2 \u03c0\u03c1\u03bf\u03b8\u03b5\u03c3\u03bc\u03b9\u03b1\u03ba\u03ad\u03c2 \u00ab\u03ba\u03b1\u03c4\u03b1\u03b8\u03ad\u03c3\u03b5\u03b9\u03c2 \u03c4\u03b1\u03bc\u03b9\u03b5\u03c5\u03c4\u03b7\u03c1\u03af\u03bf\u03c5\u00bb). <\/span><\/p>\n

<\/span><\/p>\n

\u0395\u03ba\u03c4\u03cc\u03c2 \u03b1\u03c5\u03c4\u03bf\u03cd, \u03b1\u03c0\u03b1\u03b3\u03bf\u03c1\u03b5\u03cd\u03b8\u03b7\u03ba\u03b5 \u03c3\u03c4\u03b7\u03bd \u03c4\u03c1\u03ac\u03c0\u03b5\u03b6\u03b1 \u03bd\u03b1 \u03c0\u03b1\u03c1\u03ad\u03c7\u03b5\u03b9 \u03b4\u03ac\u03bd\u03b5\u03b9\u03b1 \u03c5\u03c8\u03b7\u03bb\u03cc\u03c4\u03b5\u03c1\u03b1 \u03b1\u03c0\u03cc \u03c4\u03bf \u03c0\u03bf\u03c3\u03cc\u03bd \u03c4\u03c9\u03bd 50 \u03b5\u03ba. $<\/strong> \u03c3\u03c5\u03bd\u03bf\u03bb\u03b9\u03ba\u03ac. \u03a0\u03b1\u03c1\u03ac\u03bb\u03bb\u03b7\u03bb\u03b1, \u03b7 <\/span>BHU<\/span> <\/span>\u03b1\u03bd\u03b1\u03b3\u03ba\u03ac\u03c3\u03b8\u03b7\u03ba\u03b5 \u03bd\u03b1 \u03bc\u03b5\u03b9\u03ce\u03c3\u03b5\u03b9 \u03b4\u03c1\u03b1\u03c3\u03c4\u03b9\u03ba\u03ac \u03c4\u03bf \u03ba\u03cc\u03c3\u03c4\u03bf\u03c2 \u03bb\u03b5\u03b9\u03c4\u03bf\u03c5\u03c1\u03b3\u03af\u03b1\u03c2 \u03c4\u03b7\u03c2, \u03ba\u03b1\u03b8\u03ce\u03c2 \u03b5\u03c0\u03af\u03c3\u03b7\u03c2 \u03bd\u03b1 \u03b4\u03b7\u03bc\u03b9\u03bf\u03c5\u03c1\u03b3\u03ae\u03c3\u03b5\u03b9 \u03c3\u03c5\u03bd\u03b8\u03ae\u03ba\u03b5\u03c2 \u03b1\u03c0\u03cc\u03bb\u03c5\u03c4\u03b7\u03c2 \u03b4\u03b9\u03b1\u03c6\u03ac\u03bd\u03b5\u03b9\u03b1\u03c2 \u03c3\u03c4\u03bf\u03bd \u0399\u03c3\u03bf\u03bb\u03bf\u03b3\u03b9\u03c3\u03bc\u03cc \u03c4\u03b7\u03c2.<\/span><\/p>\n

<\/span><\/p>\n

\u039f\u03b9 \u03b9\u03b4\u03b9\u03c9\u03c4\u03b9\u03ba\u03ad\u03c2, \u00ab\u03b4\u03b9\u03b1\u03c3\u03c9\u03b8\u03b5\u03af\u03c3\u03b5\u03c2\u00bb \u03b1\u03c0\u03cc \u03c4\u03bf \u03ba\u03c1\u03ac\u03c4\u03bf\u03c2 \u03c4\u03c1\u03ac\u03c0\u03b5\u03b6\u03b5\u03c2 <\/span><\/em><\/strong><\/p>\n

<\/span><\/em><\/strong><\/p>\n

\u03a4\u03bf\u03bd \u0399\u03b1\u03bd\u03bf\u03c5\u03ac\u03c1\u03b9\u03bf \u03c4\u03bf\u03c5 2003 \u03b7 \u03ba\u03c5\u03b2\u03ad\u03c1\u03bd\u03b7\u03c3\u03b7 \u00ab\u03b5\u03ba\u03ba\u03b1\u03b8\u03ac\u03c1\u03b9\u03c3\u03b5\u00bb \u03c4\u03b9\u03c2 \u03b4\u03cd\u03bf \u03c4\u03c1\u03ac\u03c0\u03b5\u03b6\u03b5\u03c2 (<\/span>Banco<\/span><\/em> <\/span><\/em>Comercial<\/span><\/em> <\/span><\/em>\u03ba\u03b1\u03b9 <\/span><\/em>Banco<\/span><\/em> <\/span><\/em>Montevideo<\/span><\/em>–<\/span><\/em>Caja<\/span><\/em> <\/span><\/em>Pbrera<\/span><\/em>),<\/span><\/em> \u03b4\u03b7\u03bc\u03b9\u03bf\u03c5\u03c1\u03b3\u03ce\u03bd\u03c4\u03b1\u03c2 \u03b5\u03be \u03b1\u03c5\u03c4\u03ce\u03bd \u03bc\u03af\u03b1 \u03ba\u03b1\u03b9\u03bd\u03bf\u03cd\u03c1\u03b3\u03b9\u03b1:<\/strong> \u03c4\u03b7 <\/span>Nuevo<\/span><\/em> <\/span><\/em>Banco<\/span><\/em> <\/span><\/em>Comercial<\/span><\/em> (<\/span><\/em>NBC<\/span><\/em>)<\/span><\/em>. \u03a4\u03ad\u03bb\u03b7 \u03a6\u03b5\u03b2\u03c1\u03bf\u03c5\u03b1\u03c1\u03af\u03bf\u03c5 \u03b7 \u03bd\u03ad\u03b1 \u03b1\u03c5\u03c4\u03ae \u03c4\u03c1\u03ac\u03c0\u03b5\u03b6\u03b1 \u03b5\u03be\u03ad\u03b4\u03c9\u03c3\u03b5 \u03bf\u03bc\u03cc\u03bb\u03bf\u03b3\u03b1 (<\/span>CDs<\/span>), \u03b3\u03b9\u03b1 \u03bd\u03b1 \u03c7\u03c1\u03b7\u03bc\u03b1\u03c4\u03bf\u03b4\u03bf\u03c4\u03ae\u03c3\u03b5\u03b9 \u03c4\u03b7\u03bd \u03b5\u03be\u03b1\u03b3\u03bf\u03c1\u03ac \u03c4\u03c9\u03bd \u03c3\u03c4\u03bf\u03b9\u03c7\u03b5\u03af\u03c9\u03bd \u03c4\u03bf\u03c5 \u0395\u03bd\u03b5\u03c1\u03b3\u03b7\u03c4\u03b9\u03ba\u03bf\u03cd \u03c4\u03c9\u03bd \u03b4\u03cd\u03bf \u00ab\u03b5\u03ba\u03ba\u03b1\u03b8\u03b1\u03c1\u03b9\u03c3\u03bc\u03ad\u03bd\u03c9\u03bd\u00bb \u03c4\u03c1\u03b1\u03c0\u03b5\u03b6\u03ce\u03bd \u2013 \u03bc\u03b5 \u03c4\u03b1 \u03ad\u03c3\u03bf\u03b4\u03b1 \u03b5\u03be \u03b1\u03c5\u03c4\u03ce\u03bd \u03bd\u03b1 \u03bf\u03b4\u03b7\u03b3\u03bf\u03cd\u03bd\u03c4\u03b1\u03b9 \u03c3\u03c4\u03b7 \u00ab\u03bc\u03b5\u03c1\u03b9\u03ba\u03ae \u03b5\u03be\u03c5\u03c0\u03b7\u03c1\u03ad\u03c4\u03b7\u03c3\u03b7\u00bb \u03c4\u03c9\u03bd \u03ba\u03b1\u03c4\u03b1\u03b8\u03ad\u03c3\u03b5\u03c9\u03bd \u03c4\u03c9\u03bd \u03b4\u03cd\u03bf \u03c0\u03c1\u03bf\u03b7\u03b3\u03bf\u03c5\u03bc\u03ad\u03bd\u03c9\u03bd \u03c4\u03c1\u03b1\u03c0\u03b5\u03b6\u03ce\u03bd<\/strong>. \u0397 \u03c4\u03c1\u03ac\u03c0\u03b5\u03b6\u03b1 \u03ac\u03bd\u03bf\u03b9\u03be\u03b5 \u03c4\u03ad\u03bb\u03b7 \u039c\u03b1\u03c1\u03c4\u03af\u03bf\u03c5, \u03b5\u03bd\u03ce \u03bc\u03ad\u03c7\u03c1\u03b9 \u03c4\u03b1 \u03c4\u03ad\u03bb\u03b7 \u03c4\u03bf\u03c5 \u03ad\u03c4\u03bf\u03c5\u03c2 \u03ad\u03b3\u03b9\u03bd\u03b5 \u03b7 \u03c4\u03c1\u03af\u03c4\u03b7 \u03bc\u03b5\u03b3\u03b1\u03bb\u03cd\u03c4\u03b5\u03c1\u03b7 \u03c4\u03b7\u03c2 \u03c7\u03ce\u03c1\u03b1\u03c2, \u03b1\u03bd\u03c4\u03b9\u03c0\u03c1\u03bf\u03c3\u03c9\u03c0\u03b5\u03cd\u03bf\u03bd\u03c4\u03b1\u03c2 \u03c4\u03bf 9,5% \u03c4\u03c9\u03bd \u03c3\u03c5\u03bd\u03bf\u03bb\u03b9\u03ba\u03ce\u03bd \u03ba\u03b1\u03c4\u03b1\u03b8\u03ad\u03c3\u03b5\u03c9\u03bd \u03c4\u03bf\u03c5 \u03c3\u03c5\u03c3\u03c4\u03ae\u03bc\u03b1\u03c4\u03bf\u03c2. <\/span><\/p>\n

<\/span><\/p>\n

\u0391\u03c0\u03cc \u03c4\u03b7\u03bd \u03ac\u03bb\u03bb\u03b7 \u03c0\u03bb\u03b5\u03c5\u03c1\u03ac \u03b7 \u03c4\u03c1\u03af\u03c4\u03b7 \u03b9\u03b4\u03b9\u03c9\u03c4\u03b9\u03ba\u03ae \u03c4\u03c1\u03ac\u03c0\u03b5\u03b6\u03b1, \u03c4\u03b7\u03bd \u03bf\u03c0\u03bf\u03af\u03b1 \u03b5\u03af\u03c7\u03b5 \u03b4\u03b9\u03b1\u03c3\u03ce\u03c3\u03b5\u03b9 \u03c4\u03bf \u03ba\u03c1\u03ac\u03c4\u03bf\u03c2, \u03b7 <\/span>Banco<\/span> <\/span>de<\/span> <\/span>Credito<\/span>, \u03c4\u03ad\u03b8\u03b7\u03ba\u03b5 \u03c4\u03b5\u03bb\u03b9\u03ba\u03ac \u03c3\u03b5 \u03b5\u03ba\u03ba\u03b1\u03b8\u03ac\u03c1\u03b9\u03c3\u03b7, \u03ad\u03ba\u03bb\u03b5\u03b9\u03c3\u03b5 \u03b4\u03b7\u03bb\u03b1\u03b4\u03ae \u03c4\u03bf \u03a6\u03b5\u03b2\u03c1\u03bf\u03c5\u03ac\u03c1\u03b9\u03bf \u03c4\u03bf\u03c5 2003,<\/strong> \u03bc\u03b5\u03c4\u03ac \u03b1\u03c0\u03cc \u03c0\u03bf\u03bb\u03bb\u03ad\u03c2 \u03b1\u03c0\u03bf\u03c4\u03c5\u03c7\u03b7\u03bc\u03ad\u03bd\u03b5\u03c2 \u03c0\u03c1\u03bf\u03c3\u03c0\u03ac\u03b8\u03b5\u03b9\u03b5\u03c2 \u03b1\u03bd\u03b1\u03ba\u03b5\u03c6\u03b1\u03bb\u03b1\u03b9\u03bf\u03c0\u03bf\u03af\u03b7\u03c3\u03b7\u03c2 \u03c4\u03b7\u03c2. \u0395\u03c0\u03b5\u03b9\u03b4\u03ae \u03c4\u03ce\u03c1\u03b1 \u03b7 <\/span>BCU<\/span> <\/span>\u03b1\u03bd\u03ae\u03ba\u03b5 \u03c3\u03c4\u03b9\u03c2 <\/span>JP<\/span> <\/span>Morgan<\/span> <\/span>Chase<\/span>, <\/span>Dresdner<\/span> <\/span>Bank<\/span> <\/span>\u03ba\u03b1\u03b9 <\/span>Credit<\/span> <\/span>Suisse<\/span> <\/span>First<\/span> <\/span>Boston<\/span>, \u03b5\u03bd\u03ce \u03ad\u03c7\u03b1\u03c3\u03b5 \u03c4\u03bf \u03c3\u03c5\u03bd\u03bf\u03bb\u03b9\u03ba\u03cc \u0395\u03bd\u03b5\u03c1\u03b3\u03b7\u03c4\u03b9\u03ba\u03cc \u03c4\u03b7\u03c2 \u03cd\u03c8\u03bf\u03c5\u03c2 800 \u03b5\u03ba. $ \u03cc\u03c4\u03b1\u03bd \u03b7 \u03ba\u03c5\u03b2\u03ad\u03c1\u03bd\u03b7\u03c3\u03b7 \u03b1\u03c0\u03bf\u03c6\u03ac\u03c3\u03b9\u03c3\u03b5 \u03bd\u03b1 \u03c4\u03b7\u03bd \u03ba\u03bb\u03b5\u03af\u03c3\u03b5\u03b9, \u03b7 \u039f\u03c5\u03c1\u03bf\u03c5\u03b3\u03bf\u03c5\u03ac\u03b7 \u03ba\u03b1\u03c4\u03b1\u03b4\u03b9\u03ba\u03ac\u03c3\u03b8\u03b7\u03ba\u03b5 \u03c4\u03bf\u03bd \u0399\u03b1\u03bd\u03bf\u03c5\u03ac\u03c1\u03b9\u03bf \u03c4\u03bf\u03c5 2005 \u03b1\u03c0\u03cc \u03c4\u03bf \u03b4\u03b9\u03b5\u03b8\u03bd\u03ad\u03c2 \u03b5\u03bc\u03c0\u03bf\u03c1\u03b9\u03ba\u03cc \u03b5\u03c0\u03b9\u03bc\u03b5\u03bb\u03b7\u03c4\u03ae\u03c1\u03b9\u03bf<\/strong>, \u03bc\u03b5 \u03ad\u03b4\u03c1\u03b1 \u03c4\u03bf \u03a0\u03b1\u03c1\u03af\u03c3\u03b9, \u03c3\u03b5 \u03b1\u03c0\u03bf\u03b6\u03b7\u03bc\u03af\u03c9\u03c3\u03b7 \u03cd\u03c8\u03bf\u03c5\u03c2 120 \u03b4\u03b9\u03c2 $ \u03c0\u03c1\u03bf\u03c2 \u03c4\u03b9\u03c2 \u03c4\u03c1\u03b5\u03b9\u03c2 \u03be\u03ad\u03bd\u03b5\u03c2 \u03c4\u03c1\u03ac\u03c0\u03b5\u03b6\u03b5\u03c2-\u03bc\u03b5\u03c4\u03cc\u03c7\u03bf\u03c5\u03c2. <\/span><\/p>\n

<\/span><\/p>\n

\u039f\u03b9 \u03bb\u03bf\u03b9\u03c0\u03ad\u03c2 \u03b9\u03b4\u03b9\u03c9\u03c4\u03b9\u03ba\u03ad\u03c2 \u03c4\u03c1\u03ac\u03c0\u03b5\u03b6\u03b5\u03c2 <\/span><\/em><\/strong><\/p>\n

<\/span><\/em><\/strong><\/p>\n

\u039f \u03c4\u03bf\u03bc\u03ad\u03b1\u03c2 \u03b1\u03c5\u03c4\u03cc\u03c2 \u03c4\u03bf\u03c5 \u03c4\u03c1\u03b1\u03c0\u03b5\u03b6\u03b9\u03ba\u03bf\u03cd \u03c3\u03c5\u03c3\u03c4\u03ae\u03bc\u03b1\u03c4\u03bf\u03c2 \u03c4\u03b7\u03c2 \u039f\u03c5\u03c1\u03bf\u03c5\u03b3\u03bf\u03c5\u03ac\u03b7\u03c2, \u03b1\u03c0\u03bf\u03c4\u03b5\u03bb\u03bf\u03cd\u03bc\u03b5\u03bd\u03bf\u03c2 \u03b1\u03c0\u03cc \u03ad\u03bd\u03b1 \u03bc\u03b9\u03ba\u03c1\u03cc \u03b4\u03af\u03ba\u03c4\u03c5\u03bf \u03ba\u03c5\u03c1\u03af\u03c9\u03c2 \u03be\u03ad\u03bd\u03c9\u03bd \u03c4\u03c1\u03b1\u03c0\u03b5\u03b6\u03ce\u03bd, \u03b1\u03c6\u03ad\u03b8\u03b7\u03ba\u03b5 \u03bf\u03c5\u03c3\u03b9\u03b1\u03c3\u03c4\u03b9\u03ba\u03ac \u03c3\u03c4\u03b7\u03bd \u03c4\u03cd\u03c7\u03b7 \u03c4\u03bf\u03c5 \u2013 \u03c5\u03c0\u03bf\u03c7\u03c1\u03b5\u03bf\u03cd\u03bc\u03b5\u03bd\u03bf\u03c2 \u03bd\u03b1 \u03c0\u03c1\u03bf\u03c3\u03c0\u03b1\u03b8\u03ae\u03c3\u03b5\u03b9 \u03bc\u03b5 \u03b4\u03b9\u03ba\u03ac \u03c4\u03bf\u03c5 \u03bc\u03ad\u03c3\u03b1 \u03bd\u03b1 \u03b1\u03bd\u03c4\u03b1\u03c0\u03b5\u03be\u03ad\u03bb\u03b8\u03b5\u03b9 \u03bc\u03b5 \u03c4\u03b7\u03bd \u03ba\u03c1\u03af\u03c3\u03b7. \u03a3\u03c4\u03b7\u03bd \u03c0\u03c1\u03b1\u03b3\u03bc\u03b1\u03c4\u03b9\u03ba\u03cc\u03c4\u03b7\u03c4\u03b1, \u03bf\u03b9 \u03b9\u03b4\u03b9\u03c9\u03c4\u03b9\u03ba\u03ad\u03c2 \u03c4\u03c1\u03ac\u03c0\u03b5\u03b6\u03b5\u03c2 \u03c0\u03bf\u03c5 \u03ba\u03b1\u03c4\u03ac\u03c6\u03b5\u03c1\u03b1\u03bd \u03bd\u03b1 \u03b1\u03bd\u03c4\u03b1\u03c0\u03b5\u03be\u03ad\u03bb\u03b8\u03bf\u03c5\u03bd \u03bc\u03b5 \u03c4\u03b1 \u03c0\u03c1\u03bf\u03b2\u03bb\u03ae\u03bc\u03b1\u03c4\u03b1 \u03c4\u03bf\u03c5\u03c2, \u03ae\u03c4\u03b1\u03bd \u03bf\u03b9 \u03bc\u03b5\u03b3\u03ac\u03bb\u03bf\u03b9 \u03ba\u03b5\u03c1\u03b4\u03b9\u03c3\u03bc\u03ad\u03bd\u03bf\u03b9 \u03c4\u03b7\u03c2 \u03ba\u03c1\u03af\u03c3\u03b7\u03c2 – \u03b5\u03bd\u03ce \u03b4\u03b5\u03bd \u03ad\u03b3\u03b9\u03bd\u03b1\u03bd \u03c3\u03b7\u03bc\u03b1\u03bd\u03c4\u03b9\u03ba\u03ad\u03c2 \u03b1\u03bd\u03b1\u03b4\u03b9\u03b1\u03c1\u03b8\u03c1\u03ce\u03c3\u03b5\u03b9\u03c2 \u03ae \u03bc\u03b5\u03b9\u03ce\u03c3\u03b5\u03b9\u03c2 \u03c3\u03c4\u03b1 \u03bc\u03b5\u03b3\u03ad\u03b8\u03b7 \u03c4\u03bf\u03c5\u03c2. \u039f \u03a0\u03af\u03bd\u03b1\u03ba\u03b1\u03c2 \u0399\u0399 \u03c0\u03bf\u03c5 \u03b1\u03ba\u03bf\u03bb\u03bf\u03c5\u03b8\u03b5\u03af \u03b1\u03bd\u03b1\u03c6\u03ad\u03c1\u03b5\u03c4\u03b1\u03b9 \u03c3\u03c4\u03b7 \u03b4\u03bf\u03bc\u03ae \u03c4\u03b7\u03c2 \u03c4\u03c1\u03b1\u03c0\u03b5\u03b6\u03b9\u03ba\u03ae\u03c2 \u03b1\u03b3\u03bf\u03c1\u03ac\u03c2, \u03bc\u03b5\u03c4\u03ac \u03c4\u03bf\u03bd \u0399\u03bf\u03cd\u03bd\u03b9\u03bf \u03c4\u03bf\u03c5 2004:<\/span><\/p>\n

<\/span><\/p>\n

\u03a0\u0399\u039d\u0391\u039a\u0391\u03a3 \u0399\u0399<\/span><\/strong>: \u0397 \u03c4\u03c1\u03b1\u03c0\u03b5\u03b6\u03b9\u03ba\u03ae \u03b1\u03b3\u03bf\u03c1\u03ac \u03c4\u03b7\u03c2 \u039f\u03c5\u03c1\u03bf\u03c5\u03b3\u03bf\u03c5\u03ac\u03b7\u03c2, \u03c4\u03bf\u03bd \u0399\u03bf\u03cd\u03bd\u03b9\u03bf \u03c4\u03bf\u03c5 2004, \u03c3\u03b5 \u03b5\u03ba. $<\/span><\/p>\n

<\/span><\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n
\n

\u03a4\u03c1\u03ac\u03c0\u03b5\u03b6\u03b1<\/span><\/strong><\/span><\/p>\n<\/td>\n

\n

\u0395\u03bd\u03b5\u03c1\u03b3\u03b7\u03c4\u03b9\u03ba\u03cc<\/span><\/strong><\/span><\/p>\n<\/td>\n

\n

\u03a0\u03bf\u03c3\u03bf\u03c3\u03c4\u03ac \u03b5\u03c0\u03af \u03c3\u03c5\u03bd\u03cc\u03bb\u03bf\u03c5<\/span><\/strong><\/span><\/p>\n<\/td>\n<\/tr>\n

\n

<\/span><\/p>\n<\/td>\n

\n

<\/span><\/p>\n<\/td>\n

\n

<\/span><\/p>\n<\/td>\n<\/tr>\n

\n

BROU<\/span><\/p>\n<\/td>\n

\n

4.941<\/span><\/p>\n<\/td>\n

\n

42%<\/span><\/p>\n<\/td>\n<\/tr>\n

\n

BHU<\/span><\/p>\n<\/td>\n

\n

1.202<\/span><\/p>\n<\/td>\n

\n

10%<\/span><\/p>\n<\/td>\n<\/tr>\n

\n

NBC<\/span><\/p>\n<\/td>\n

\n

1.057<\/span><\/p>\n<\/td>\n

\n

9%<\/span><\/p>\n<\/td>\n<\/tr>\n

\n

\u03a3\u03cd\u03bd\u03bf\u03bb\u03bf \u03ba\u03c1\u03b1\u03c4\u03b9\u03ba\u03ce\u03bd \u03c4\u03c1\u03b1\u03c0\u03b5\u03b6\u03ce\u03bd<\/span><\/strong><\/span><\/p>\n<\/td>\n

\n

7.200<\/span><\/strong><\/span><\/p>\n<\/td>\n

\n

61%<\/span><\/strong><\/span><\/p>\n<\/td>\n<\/tr>\n

\n

<\/span><\/p>\n<\/td>\n

\n

<\/span><\/p>\n<\/td>\n

\n

<\/span><\/p>\n<\/td>\n<\/tr>\n

\n

\u0399\u03b4\u03b9\u03c9\u03c4\u03b9\u03ba\u03ad\u03c2 \u03c4\u03c1\u03ac\u03c0\u03b5\u03b6\u03b5\u03c2<\/span><\/p>\n<\/td>\n

\n

4.568<\/span><\/p>\n<\/td>\n

\n

39%<\/span><\/p>\n<\/td>\n<\/tr>\n

\n

<\/span><\/p>\n<\/td>\n

\n

<\/span><\/p>\n<\/td>\n

\n

<\/span><\/p>\n<\/td>\n<\/tr>\n

\n

\u0393\u03b5\u03bd\u03b9\u03ba\u03cc \u03c3\u03cd\u03bd\u03bf\u03bb\u03bf<\/span><\/strong><\/span><\/p>\n<\/td>\n

\n

11.768<\/span><\/strong><\/span><\/p>\n<\/td>\n

\n

100%<\/span><\/strong><\/span><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

\u03a0\u03b7\u03b3\u03ae<\/span><\/strong>: BHU<\/span> – \u0394\u039d\u03a4<\/span><\/p>\n

\u03a0\u03af\u03bd\u03b1\u03ba\u03b1\u03c2<\/span><\/strong>: <\/span>\u0392. \u0392\u03b9\u03bb\u03b9\u03ac\u03c1\u03b4\u03bf\u03c2 <\/span><\/p>\n

<\/span><\/p>\n

\u03a3\u03cd\u03bc\u03c6\u03c9\u03bd\u03b1 \u03bc\u03b5 \u03c4\u03bf\u03bd \u03a0\u03af\u03bd\u03b1\u03ba\u03b1 \u0399\u0399, \u03bf\u03b9 \u03ba\u03c1\u03b1\u03c4\u03b9\u03ba\u03ad\u03c2 \u03c4\u03c1\u03ac\u03c0\u03b5\u03b6\u03b5\u03c2 \u03b1\u03bd\u03c4\u03b9\u03c0\u03c1\u03bf\u03c3\u03ce\u03c0\u03b5\u03c5\u03b1\u03bd \u03c3\u03c4\u03b1 \u03c4\u03ad\u03bb\u03b7 \u0399\u03bf\u03c5\u03bd\u03af\u03bf\u03c5 \u03c4\u03bf\u03c5 2004 \u03c0\u03b5\u03c1\u03af \u03c4\u03bf 61% \u03c4\u03bf\u03c5 \u03c3\u03c5\u03bd\u03bf\u03bb\u03b9\u03ba\u03bf\u03cd \u0395\u03bd\u03b5\u03c1\u03b3\u03b7\u03c4\u03b9\u03ba\u03bf\u03cd \u03c4\u03bf\u03c5 \u03c4\u03c1\u03b1\u03c0\u03b5\u03b6\u03b9\u03ba\u03bf\u03cd \u03c3\u03c5\u03c3\u03c4\u03ae\u03bc\u03b1\u03c4\u03bf\u03c2 \u03c4\u03b7\u03c2 \u039f\u03c5\u03c1\u03bf\u03c5\u03b3\u03bf\u03c5\u03ac\u03b7\u03c2<\/strong>, \u03bc\u03b5 \u03c4\u03b7\u03bd \u03ba\u03c1\u03b1\u03c4\u03b9\u03ba\u03ae <\/span>BROU<\/span> <\/span>\u03bd\u03b1 \u03c0\u03b1\u03c1\u03b1\u03bc\u03ad\u03bd\u03b5\u03b9 \u03bf \u03b1\u03b4\u03b9\u03b1\u03c6\u03b9\u03bb\u03bf\u03bd\u03af\u03ba\u03b7\u03c4\u03bf\u03c2 \u03b7\u03b3\u03ad\u03c4\u03b7\u03c2 \u03c4\u03b7\u03c2 \u03b1\u03b3\u03bf\u03c1\u03ac\u03c2 \u2013 \u03b1\u03bd\u03c4\u03b9\u03c0\u03c1\u03bf\u03c3\u03c9\u03c0\u03b5\u03cd\u03bf\u03bd\u03c4\u03b1\u03c2 \u03c4\u03bf 45% \u03c4\u03c9\u03bd \u03c3\u03c5\u03bd\u03bf\u03bb\u03b9\u03ba\u03ce\u03bd \u03ba\u03b1\u03c4\u03b1\u03b8\u03ad\u03c3\u03b5\u03c9\u03bd, \u03ba\u03b1\u03b8\u03ce\u03c2 \u03b5\u03c0\u03af\u03c3\u03b7\u03c2 \u03c4\u03bf 50% \u03c4\u03c9\u03bd \u03c3\u03c5\u03bd\u03bf\u03bb\u03b9\u03ba\u03ce\u03bd \u03b4\u03b1\u03bd\u03b5\u03af\u03c9\u03bd \u03c4\u03bf\u03c5 \u03c3\u03c5\u03c3\u03c4\u03ae\u03bc\u03b1\u03c4\u03bf\u03c2. <\/span><\/p>\n

<\/span><\/p>\n

\u0391\u03bd \u03ba\u03b1\u03b9 \u03bf\u03b9 \u03c3\u03c5\u03bd\u03bf\u03bb\u03b9\u03ba\u03ad\u03c2 \u03ba\u03b1\u03c4\u03b1\u03b8\u03ad\u03c3\u03b5\u03b9\u03c2 \u03c4\u03bf\u03bd \u0399\u03bf\u03cd\u03bd\u03b9\u03bf \u03c4\u03bf\u03c5 2004 \u03ae\u03c4\u03b1\u03bd \u03bc\u03cc\u03bb\u03b9\u03c2 \u03c4\u03bf 61% \u03c4\u03c9\u03bd \u03b1\u03bd\u03c4\u03af\u03c3\u03c4\u03bf\u03b9\u03c7\u03c9\u03bd \u03c4\u03bf \u0394\u03b5\u03ba\u03ad\u03bc\u03b2\u03c1\u03b9\u03bf \u03c4\u03bf\u03c5 2001<\/strong> (\u00ab\u03c7\u03ac\u03b8\u03b7\u03ba\u03b5\u00bb \u03b4\u03b7\u03bb\u03b1\u03b4\u03ae \u03c4\u03bf 39%), \u03b1\u03bd\u03ad\u03ba\u03c4\u03b7\u03c3\u03b1\u03bd \u03c4\u03b1 \u03b5\u03c0\u03af\u03c0\u03b5\u03b4\u03b1 \u03c4\u03bf\u03c5 \u0399\u03bf\u03c5\u03bb\u03af\u03bf\u03c5 \u03c4\u03bf\u03c5 2002 \u2013 \u03cc\u03c0\u03bf\u03c5 \u03b5\u03af\u03c7\u03b1\u03bd \u03ba\u03bb\u03b5\u03af\u03c3\u03b5\u03b9 \u03b7 \u03c4\u03c1\u03ac\u03c0\u03b5\u03b6\u03b5\u03c2 (<\/span>bank<\/span> <\/span>holiday<\/span>). \u038c\u03c3\u03bf\u03bd \u03b1\u03c6\u03bf\u03c1\u03ac \u03c4\u03b9\u03c2 \u03ba\u03b1\u03c4\u03b1\u03b8\u03ad\u03c3\u03b5\u03b9\u03c2 \u03c4\u03c9\u03bd \u03be\u03ad\u03bd\u03c9\u03bd, \u03ad\u03c7\u03bf\u03c5\u03bd \u03bc\u03b5\u03b9\u03c9\u03b8\u03b5\u03af \u03c0\u03bb\u03ad\u03bf\u03bd \u03c3\u03c4\u03bf 38%, \u03c3\u03b5 \u03c3\u03c7\u03ad\u03c3\u03b7 \u03bc\u03b5 \u03c4\u03bf \u03b5\u03c0\u03af\u03c0\u03b5\u03b4\u03bf \u03c4\u03bf\u03c5\u03c2 \u03c0\u03c1\u03b9\u03bd \u03b1\u03c0\u03cc \u03c4\u03b7\u03bd \u03ba\u03c1\u03af\u03c3\u03b7. <\/span><\/p>\n

<\/span><\/p>\n

\u039f \u0394\u03a1\u039f\u039c\u039f\u03a3 \u03a4\u0397\u03a3 \u0391\u03a1\u0393\u0395\u039d\u03a4\u0399\u039d\u0397\u03a3 <\/span><\/strong><\/p>\n

<\/span><\/strong><\/p>\n

\u0397 \u03c0\u03c1\u03bf\u03c3\u03ad\u03b3\u03b3\u03b9\u03c3\u03b7 \u03c4\u03b7\u03c2 \u03ba\u03c1\u03af\u03c3\u03b7\u03c2 \u03b1\u03c0\u03cc \u03c4\u03b7\u03bd \u0391\u03c1\u03b3\u03b5\u03bd\u03c4\u03b9\u03bd\u03ae \u03ae\u03c4\u03b1\u03bd \u03b5\u03bd\u03c4\u03b5\u03bb\u03ce\u03c2 \u03b4\u03b9\u03b1\u03c6\u03bf\u03c1\u03b5\u03c4\u03b9\u03ba\u03ae, \u03b1\u03c0\u03cc \u03b1\u03c5\u03c4\u03ae\u03bd \u03c4\u03b7\u03c2 \u039f\u03c5\u03c1\u03bf\u03c5\u03b3\u03bf\u03c5\u03ac\u03b7\u03c2. \u0395\u03c0\u03bf\u03bc\u03ad\u03bd\u03c9\u03c2 \u03b8\u03b5\u03c9\u03c1\u03bf\u03cd\u03bc\u03b5 \u03c3\u03ba\u03cc\u03c0\u03b9\u03bc\u03b7 \u03bc\u03af\u03b1 \u03bc\u03b9\u03ba\u03c1\u03ae \u03b1\u03bd\u03b1\u03c6\u03bf\u03c1\u03ac, \u03ad\u03c4\u03c3\u03b9 \u03ce\u03c3\u03c4\u03b5 \u03bd\u03b1 \u03c3\u03c5\u03bc\u03c0\u03b5\u03c1\u03ac\u03bd\u03bf\u03c5\u03bc\u03b5 \u03c0\u03bf\u03b9\u03b1 \u03b1\u03c0\u03cc \u03c4\u03b9\u03c2 \u03b4\u03cd\u03bf \u03c7\u03ce\u03c1\u03b5\u03c2 \u03b1\u03ba\u03bf\u03bb\u03bf\u03cd\u03b8\u03b7\u03c3\u03b5 \u03c4\u03bf \u03c3\u03c9\u03c3\u03c4\u03cc\u03c4\u03b5\u03c1\u03bf \u03b4\u03c1\u03cc\u03bc\u03bf \u2013 \u03ba\u03c1\u03af\u03bd\u03bf\u03bd\u03c4\u03b1\u03c2 \u03b1\u03c0\u03bf\u03ba\u03bb\u03b5\u03b9\u03c3\u03c4\u03b9\u03ba\u03ac \u03ba\u03b1\u03b9 \u03bc\u03cc\u03bd\u03bf \u03b5\u03ba \u03c4\u03bf\u03c5 \u03b1\u03c0\u03bf\u03c4\u03b5\u03bb\u03ad\u03c3\u03bc\u03b1\u03c4\u03bf\u03c2 \u03b3\u03b9\u03b1 \u03c4\u03bf\u03c5\u03c2 \u03a0\u03bf\u03bb\u03af\u03c4\u03b5\u03c2 (\u03b7 \u03ad\u03bd\u03bd\u03bf\u03b9\u03b1 \u00ab\u03c3\u03c9\u03c3\u03c4\u03cc\u00bb \u03b4\u03b5\u03bd \u03ad\u03c7\u03b5\u03b9 \u03b1\u03c0\u03bf\u03bb\u03cd\u03c4\u03c9\u03c2 \u03ba\u03b1\u03bd\u03ad\u03bd\u03b1 \u03bd\u03cc\u03b7\u03bc\u03b1, \u03b5\u03ac\u03bd \u03b4\u03b5\u03bd \u03b5\u03be\u03b5\u03c4\u03ac\u03b6\u03b5\u03c4\u03b1\u03b9 \u03b1\u03c0\u03cc \u03c4\u03b7\u03bd \u03c0\u03bb\u03b5\u03c5\u03c1\u03ac \u03c4\u03bf\u03c5 \u03c0\u03bf\u03b9\u03cc\u03bd \u03c9\u03c6\u03b5\u03bb\u03b5\u03af \u03ba\u03b1\u03b9 \u03c0\u03bf\u03b9\u03cc\u03bd \u03b6\u03b7\u03bc\u03b9\u03ce\u03bd\u03b5\u03b9<\/em><\/strong>). <\/span><\/p>\n

<\/span><\/p>\n

\u03a4\u03bf \u0394\u03b5\u03ba\u03ad\u03bc\u03b2\u03c1\u03b7 \u03c4\u03bf\u03c5 2001 \u03b7 \u0391\u03c1\u03b3\u03b5\u03bd\u03c4\u03b9\u03bd\u03ae \u03ba\u03ae\u03c1\u03c5\u03be\u03b5 \u03c3\u03c4\u03ac\u03c3\u03b7 \u03c0\u03bb\u03b7\u03c1\u03c9\u03bc\u03ce\u03bd (<\/span>\u03ac\u03c1\u03b8\u03c1\u03bf \u03bc\u03b1\u03c2<\/span><\/a>), \u03b7 \u03bf\u03c0\u03bf\u03af\u03b1 \u03b1\u03c6\u03bf\u03c1\u03bf\u03cd\u03c3\u03b5 \u03c4\u03cc\u03c3\u03bf \u03c4\u03bf\u03c5\u03c2 \u03b5\u03b3\u03c7\u03ce\u03c1\u03b9\u03bf\u03c5\u03c2, \u03cc\u03c3\u03bf \u03ba\u03b1\u03b9 \u03c4\u03bf\u03c5\u03c2 \u03be\u03ad\u03bd\u03bf\u03c5\u03c2 \u03b9\u03b4\u03b9\u03bf\u03ba\u03c4\u03ae\u03c4\u03b5\u03c2 \u03c4\u03c9\u03bd \u03bf\u03bc\u03bf\u03bb\u03cc\u03b3\u03c9\u03bd \u03c4\u03b7\u03c2. \u03a4\u03bf \u03c3\u03c5\u03bd\u03bf\u03bb\u03b9\u03ba\u03cc \u03c0\u03bf\u03c3\u03cc\u03bd, \u03c4\u03bf \u03bf\u03c0\u03bf\u03af\u03bf \u03cc\u03c6\u03b5\u03b9\u03bb\u03b5 \u03bd\u03b1 \u03b1\u03bd\u03b1\u03b4\u03b9\u03b1\u03c1\u03b8\u03c1\u03c9\u03b8\u03b5\u03af, \u03ae\u03c4\u03b1\u03bd \u03c4\u03b7\u03c2 \u03c4\u03ac\u03be\u03b7\u03c2 \u03c4\u03c9\u03bd 100 \u03b4\u03b9\u03c2 $ (\u03c0\u03b5\u03c1\u03af \u03c4\u03b1 70 \u03b4\u03b9\u03c2 \u20ac<\/strong>) \u2013 \u03b1\u03bd \u03ba\u03b1\u03b9 \u03b7 \u03c0\u03c1\u03cc\u03c4\u03b1\u03c3\u03b7 \u03b1\u03bd\u03b1\u03b4\u03b9\u03ac\u03c1\u03b8\u03c1\u03c9\u03c3\u03b7\u03c2 \u03c0\u03c1\u03bf\u03c2 \u03c4\u03bf\u03c5\u03c2 \u03c0\u03b9\u03c3\u03c4\u03c9\u03c4\u03ad\u03c2 \u03c4\u03b7\u03c2 \u03b4\u03b5\u03bd \u03ad\u03b3\u03b9\u03bd\u03b5 \u03ad\u03c9\u03c2 \u03c4\u03bf 2004 \u03ba\u03b1\u03b9 \u03b4\u03b5\u03bd \u03bf\u03bb\u03bf\u03ba\u03bb\u03b7\u03c1\u03ce\u03b8\u03b7\u03ba\u03b5 \u03bf\u03cd\u03c4\u03b5 \u03c4\u03bf 2005. \u03a4\u03b5\u03bb\u03b9\u03ba\u03ac, \u03bf\u03b9 \u03b9\u03b8\u03cd\u03bd\u03bf\u03bd\u03c4\u03b5\u03c2 \u03c4\u03b7\u03c2 \u0391\u03c1\u03b3\u03b5\u03bd\u03c4\u03b9\u03bd\u03ae\u03c2 \u03c0\u03c1\u03cc\u03c4\u03b5\u03b9\u03bd\u03b1\u03bd \u03c3\u03c4\u03bf\u03c5\u03c2 \u03b4\u03b1\u03bd\u03b5\u03b9\u03c3\u03c4\u03ad\u03c2 \u03c4\u03b7\u03bd \u03b5\u03be\u03cc\u03c6\u03bb\u03b7\u03c3\u03b7 \u03b5\u03bd\u03cc\u03c2 \u03bc\u03ad\u03c1\u03bf\u03c5\u03c2 \u03c4\u03c9\u03bd \u03b1\u03c0\u03b1\u03b9\u03c4\u03ae\u03c3\u03b5\u03c9\u03bd \u03c4\u03bf\u03c5\u03c2, \u03b1\u03bd\u03b1\u03b3\u03ba\u03ac\u03b6\u03bf\u03bd\u03c4\u03b1\u03c2 \u03c4\u03bf\u03c5\u03c2 \u00ab\u03b5\u03af\u03c4\u03b5 \u03bd\u03b1 \u03b4\u03b5\u03c7\u03b8\u03bf\u03cd\u03bd, \u03b5\u03af\u03c4\u03b5 \u03bd\u03b1 \u03c4\u03bf \u03b1\u03c6\u03ae\u03c3\u03bf\u03c5\u03bd\u00bb (<\/span>take<\/span><\/em><\/strong> <\/span><\/em><\/strong>it<\/span><\/em><\/strong> <\/span><\/em><\/strong>or<\/span><\/em><\/strong> <\/span><\/em><\/strong>leave<\/span><\/em><\/strong> <\/span><\/em><\/strong>it<\/span><\/em><\/strong> <\/span><\/em><\/strong>offer<\/span><\/em><\/strong>). <\/span><\/p>\n

<\/span><\/p>\n

\u03a4\u03bf 75% \u03c4\u03c9\u03bd \u03b4\u03b1\u03bd\u03b5\u03b9\u03c3\u03c4\u03ce\u03bd \u03c4\u03b7\u03c2 \u0391\u03c1\u03b3\u03b5\u03bd\u03c4\u03b9\u03bd\u03ae\u03c2 \u03c3\u03c5\u03bc\u03c6\u03ce\u03bd\u03b7\u03c3\u03b5 \u03bd\u03b1 \u03b1\u03c0\u03bf\u03b4\u03b5\u03c7\u03b8\u03b5\u03af \u03c4\u03b7\u03bd \u03c0\u03c1\u03cc\u03c4\u03b1\u03c3\u03b7 \u03c4\u03b7\u03c2 \u03ba\u03c5\u03b2\u03ad\u03c1\u03bd\u03b7\u03c3\u03b7\u03c2, \u03b7 \u03bf\u03c0\u03bf\u03af\u03b1 \u03c0\u03c1\u03bf\u03ad\u03b2\u03bb\u03b5\u03c0\u03b5 \u03b4\u03b9\u03b1\u03b3\u03c1\u03b1\u03c6\u03ae \u03c7\u03c1\u03b5\u03ce\u03bd (<\/span>haircut<\/span>) \u03cd\u03c8\u03bf\u03c5\u03c2 \u03c0\u03b5\u03c1\u03af \u03c4\u03bf 65%<\/strong> (\u03bc\u03ad\u03c3\u03c9 \u03b5\u03c0\u03ad\u03ba\u03c4\u03b1\u03c3\u03b7\u03c2 \u03c4\u03bf\u03c5 \u03c7\u03c1\u03cc\u03bd\u03bf\u03c5 \u03b1\u03c0\u03bf\u03c0\u03bb\u03b7\u03c1\u03c9\u03bc\u03ae\u03c2, \u03bc\u03b5\u03af\u03c9\u03c3\u03b7\u03c2 \u03c4\u03b7\u03c2 \u03bf\u03bd\u03bf\u03bc\u03b1\u03c3\u03c4\u03b9\u03ba\u03ae\u03c2 \u03b1\u03be\u03af\u03b1\u03c2 \u03ba\u03b1\u03b9 \u03b4\u03cc\u03c3\u03b5\u03b9\u03c2 \u03bc\u03b5 \u03c7\u03b1\u03bc\u03b7\u03bb\u03ac \u03b5\u03c0\u03b9\u03c4\u03cc\u03ba\u03b9\u03b1). \u0397 \u03b4\u03b9\u03b1\u03bc\u03ac\u03c7\u03b7 \u03bc\u03b5\u03c4\u03b1\u03be\u03cd \u03c4\u03b7\u03c2 \u0391\u03c1\u03b3\u03b5\u03bd\u03c4\u03b9\u03bd\u03ae\u03c2 \u03ba\u03b1\u03b9 \u03c4\u03bf\u03c5 25% \u03c4\u03c9\u03bd \u03c0\u03b9\u03c3\u03c4\u03c9\u03c4\u03ce\u03bd \u03c4\u03b7\u03c2, \u03bf\u03b9 \u03bf\u03c0\u03bf\u03af\u03bf\u03b9 \u03b4\u03b5\u03bd \u03b1\u03c0\u03bf\u03b4\u03ad\u03c7\u03b8\u03b7\u03ba\u03b1\u03bd \u03c4\u03b7\u03bd \u03c0\u03c1\u03cc\u03c4\u03b1\u03c3\u03b7 \u03c4\u03b7\u03c2 \u03ba\u03c5\u03b2\u03ad\u03c1\u03bd\u03b7\u03c3\u03b7\u03c2, \u03c3\u03c5\u03bd\u03ad\u03c7\u03b9\u03c3\u03b5 \u03bc\u03ad\u03c7\u03c1\u03b9 \u03c4\u03bf 2010, \u03cc\u03c0\u03bf\u03c5 \u03b7 \u0391\u03c1\u03b3\u03b5\u03bd\u03c4\u03b9\u03bd\u03ae \u03ba\u03b1\u03c4\u03ac\u03c6\u03b5\u03c1\u03b5 \u03bd\u03b1 \u03bf\u03bb\u03bf\u03ba\u03bb\u03b7\u03c1\u03ce\u03c3\u03b5\u03b9 \u03bc\u03af\u03b1 \u03b5\u03c0\u03cc\u03bc\u03b5\u03bd\u03b7 \u03c3\u03c5\u03bc\u03c6\u03c9\u03bd\u03af\u03b1<\/strong> \u2013 \u03b5\u03bd\u03ce \u03b1\u03c0\u03bf\u03bc\u03ad\u03bd\u03bf\u03c5\u03bd \u03b1\u03ba\u03cc\u03bc\u03b7 7,5 \u03b4\u03b9\u03c2 $ \u03c7\u03c1\u03ad\u03bf\u03c5\u03c2, \u03c3\u03c4\u03b9\u03c2 \u03c7\u03ce\u03c1\u03b5\u03c2 \u03c0\u03bf\u03c5 \u03b5\u03ba\u03c0\u03c1\u03bf\u03c3\u03c9\u03c0\u03bf\u03cd\u03bd\u03c4\u03b1\u03b9 \u03b1\u03c0\u03cc \u00ab\u03c4\u03bf \u03ba\u03bb\u03b1\u03bc\u03c0 \u03c4\u03bf\u03c5 \u03a0\u03b1\u03c1\u03b9\u03c3\u03b9\u03bf\u03cd\u00bb. <\/span><\/p>\n

<\/span><\/p>\n

\u03a3\u03c4\u03b7\u03bd \u03c0\u03b5\u03c1\u03af\u03c0\u03c4\u03c9\u03c3\u03b7 \u03c4\u03b7\u03c2 \u0391\u03c1\u03b3\u03b5\u03bd\u03c4\u03b9\u03bd\u03ae\u03c2 \u03c0\u03c1\u03cc\u03ba\u03b5\u03b9\u03c4\u03b1\u03b9 \u03c0\u03c1\u03bf\u03c6\u03b1\u03bd\u03ce\u03c2 \u03b3\u03b9\u03b1 \u03ad\u03bd\u03b1 \u00ab\u03c0\u03b9\u03c3\u03c4\u03c9\u03c4\u03b9\u03ba\u03cc \u03b3\u03b5\u03b3\u03bf\u03bd\u03cc\u03c2\u00bb, \u03c4\u03bf \u03bf\u03c0\u03bf\u03af\u03bf \u03b5\u03bd\u03b5\u03c1\u03b3\u03bf\u03c0\u03bf\u03b9\u03b5\u03af \u03c4\u03b1 <\/span>CDS<\/span> <\/span>\u2013 \u03b5\u03bd\u03ce \u03b7 <\/strong><\/span>S<\/span><\/strong>&<\/span><\/strong>P<\/span><\/strong> \u03b1\u03be\u03b9\u03bf\u03bb\u03cc\u03b3\u03b7\u03c3\u03b5 \u03c4\u03b7\u03c2 \u0391\u03c1\u03b3\u03b5\u03bd\u03c4\u03b9\u03bd\u03ae \u03bc\u03b5 <\/span><\/strong>SD<\/span><\/strong> (\u0395\u03c0\u03b9\u03bb\u03b5\u03ba\u03c4\u03b9\u03ba\u03ae \u03c7\u03c1\u03b5\u03bf\u03ba\u03bf\u03c0\u03af\u03b1), \u03cc\u03c0\u03c9\u03c2 \u03b1\u03ba\u03c1\u03b9\u03b2\u03ce\u03c2 \u03c4\u03b7\u03bd \u039f\u03c5\u03c1\u03bf\u03c5\u03b3\u03bf\u03c5\u03ac\u03b7 (\u0395\u03bb\u03bb\u03ac\u03b4\u03b1) \u03ba\u03b1\u03b9 \u03b7 <\/span><\/strong>Fitch<\/span><\/strong> \u03bc\u03b5 <\/span><\/strong>DD<\/span><\/strong>, \u03ae\u03b4\u03b7 \u03b1\u03c0\u03cc \u03c4\u03bf 2001. <\/span><\/strong><\/p>\n

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\u039c\u03b5\u03c4\u03ac \u03c4\u03b7\u03bd \u03b1\u03bd\u03b1\u03b4\u03b9\u03ac\u03c1\u03b8\u03c1\u03c9\u03c3\u03b7 \u03c7\u03c1\u03ad\u03bf\u03c5\u03c2, \u03b7 \u039f\u03c5\u03c1\u03bf\u03c5\u03b3\u03bf\u03c5\u03ac\u03b7 \u03b5\u03b9\u03c3\u03ae\u03bb\u03b8\u03b5 \u03b1\u03bc\u03ad\u03c3\u03c9\u03c2 \u03c3\u03b5 \u03c0\u03bf\u03c1\u03b5\u03af\u03b1 \u03b1\u03bd\u03ac\u03c0\u03c4\u03c5\u03be\u03b7\u03c2<\/strong>, \u03b5\u03c0\u03b9\u03c4\u03c5\u03b3\u03c7\u03ac\u03bd\u03bf\u03bd\u03c4\u03b1\u03c2 \u03bc\u03ad\u03c3\u03bf\u03c5\u03c2 \u03c1\u03c5\u03b8\u03bc\u03bf\u03cd\u03c2 \u03b1\u03cd\u03be\u03b7\u03c3\u03b7\u03c2 \u03c4\u03bf\u03c5 \u03c0\u03c1\u03b1\u03b3\u03bc\u03b1\u03c4\u03b9\u03ba\u03bf\u03cd \u0391\u0395\u03a0, \u03c4\u03b7\u03c2 \u03c4\u03ac\u03be\u03b7\u03c2 \u03c4\u03bf\u03c5 8% \u03bc\u03b5\u03c4\u03b1\u03be\u03cd \u03c4\u03c9\u03bd \u03b5\u03c4\u03ce\u03bd 2004 \u03ba\u03b1\u03b9 2008. \u03a0\u03b1\u03c1\u03b1\u03b4\u03cc\u03be\u03c9\u03c2, \u03b7 \u03bf\u03b9\u03ba\u03bf\u03bd\u03bf\u03bc\u03af\u03b1 \u03c4\u03b7\u03c2 \u0391\u03c1\u03b3\u03b5\u03bd\u03c4\u03b9\u03bd\u03ae\u03c2 \u03b1\u03bd\u03b1\u03c0\u03c4\u03cd\u03c7\u03b8\u03b7\u03ba\u03b5 \u03b1\u03bd\u03ac\u03bb\u03bf\u03b3\u03b1<\/strong> \u03b2\u03b1\u03c3\u03b9\u03b6\u03cc\u03bc\u03b5\u03bd\u03b7, \u03bc\u03b5\u03c4\u03b1\u03be\u03cd \u03ac\u03bb\u03bb\u03c9\u03bd, \u03c3\u03c4\u03b9\u03c2 \u03c5\u03c8\u03b7\u03bb\u03cc\u03c4\u03b5\u03c1\u03b5\u03c2 \u03c4\u03b9\u03bc\u03ad\u03c2 \u03c4\u03c9\u03bd \u03b5\u03bc\u03c0\u03bf\u03c1\u03b5\u03c5\u03bc\u03ac\u03c4\u03c9\u03bd. \u039a\u03b1\u03c4\u03ac \u03c4\u03b7 \u03b4\u03b9\u03ac\u03c1\u03ba\u03b5\u03b9\u03b1 \u03bb\u03bf\u03b9\u03c0\u03cc\u03bd \u03c4\u03b7\u03c2 \u03af\u03b4\u03b9\u03b1\u03c2 \u03c7\u03c1\u03bf\u03bd\u03b9\u03ba\u03ae\u03c2 \u03c0\u03b5\u03c1\u03b9\u03cc\u03b4\u03bf\u03c5, \u03bf \u03bc\u03ad\u03c3\u03bf\u03c2 \u03c1\u03c5\u03b8\u03bc\u03cc\u03c2 \u03b1\u03bd\u03ac\u03c0\u03c4\u03c5\u03be\u03b7\u03c2 \u03c4\u03b7\u03c2 \u0391\u03c1\u03b3\u03b5\u03bd\u03c4\u03b9\u03bd\u03ae\u03c2 \u03ae\u03c4\u03b1\u03bd 8,5%<\/strong> – \u03c0\u03b1\u03c1\u03ac \u03c4\u03b7\u03bd \u00ab\u03bf\u03b9\u03ba\u03bf\u03bd\u03bf\u03bc\u03b9\u03ba\u03ae \u03b1\u03bd\u03b5\u03c0\u03ac\u03c1\u03ba\u03b5\u03b9\u03b1\u00bb \u03c4\u03c9\u03bd \u03ba\u03c5\u03b2\u03b5\u03c1\u03bd\u03b7\u03c4\u03b9\u03ba\u03ce\u03bd \u03c3\u03c4\u03b5\u03bb\u03b5\u03c7\u03ce\u03bd \u03c4\u03b7\u03c2, \u03ba\u03b1\u03b8\u03ce\u03c2 \u03b5\u03c0\u03af\u03c3\u03b7\u03c2 \u03c4\u03b7\u03bd \u03b1\u03c0\u03bf\u03bc\u03cc\u03bd\u03c9\u03c3\u03b7 \u03c4\u03b7\u03c2 \u03b1\u03c0\u03cc \u03c4\u03b9\u03c2 \u03b4\u03b9\u03b5\u03b8\u03bd\u03b5\u03af\u03c2 \u03b1\u03b3\u03bf\u03c1\u03ad\u03c2 \u03ba\u03b5\u03c6\u03b1\u03bb\u03b1\u03af\u03bf\u03c5. <\/span><\/p>\n

<\/span><\/p>\n

\u0395\u03c0\u03bf\u03bc\u03ad\u03bd\u03c9\u03c2, \u03b7 \u03bc\u03bf\u03c1\u03c6\u03ae \u03c4\u03b7\u03c2 \u03b1\u03bd\u03b1\u03b4\u03b9\u03ac\u03c1\u03b8\u03c1\u03c9\u03c3\u03b7\u03c2, \u03b5\u03af\u03c4\u03b5 \u03b1\u03c5\u03c4\u03ae \u03c4\u03b7\u03c2 \u039f\u03c5\u03c1\u03bf\u03c5\u03b3\u03bf\u03c5\u03ac\u03b7\u03c2 (<\/em><\/strong><\/span>soft<\/span><\/em><\/strong>), \u03b5\u03af\u03c4\u03b5 \u03b1\u03c5\u03c4\u03ae \u03c4\u03b7\u03c2 \u0391\u03c1\u03b3\u03b5\u03bd\u03c4\u03b9\u03bd\u03ae\u03c2 (<\/span><\/em><\/strong>hard<\/span><\/em><\/strong>), \u03b4\u03b5\u03bd \u03b4\u03b9\u03b1\u03b4\u03c1\u03b1\u03bc\u03ac\u03c4\u03b9\u03c3\u03b5 \u03c3\u03b7\u03bc\u03b1\u03bd\u03c4\u03b9\u03ba\u03cc \u03c1\u03cc\u03bb\u03bf, \u03cc\u03c3\u03bf\u03bd \u03b1\u03c6\u03bf\u03c1\u03ac \u03c4\u03b7\u03bd \u03b5\u03be\u03ad\u03bb\u03b9\u03be\u03b7 \u03c4\u03c9\u03bd \u03b4\u03cd\u03bf \u03c7\u03c9\u03c1\u03ce\u03bd<\/span><\/em><\/strong> \u2013 \u03b5\u03bd\u03ce \u03b7 \u0391\u03c1\u03b3\u03b5\u03bd\u03c4\u03b9\u03bd\u03ae, \u03c3\u03b5 \u03b1\u03bd\u03c4\u03af\u03b8\u03b5\u03c3\u03b7 \u03bc\u03b5 \u03c4\u03b7\u03bd \u039f\u03c5\u03c1\u03bf\u03c5\u03b3\u03bf\u03c5\u03ac\u03b7, \u03ba\u03b1\u03c4\u03ac\u03c6\u03b5\u03c1\u03b5 \u03c4\u03b5\u03bb\u03b9\u03ba\u03ac \u03bd\u03b1 \u03bc\u03b5\u03b9\u03ce\u03c3\u03b5\u03b9 \u03c3\u03c4\u03bf \u03bc\u03b9\u03c3\u03cc \u03c4\u03bf \u03b4\u03b1\u03bd\u03b5\u03b9\u03c3\u03bc\u03cc \u03c4\u03b7\u03c2, \u03bc\u03b5 \u03c4\u03b5\u03c1\u03ac\u03c3\u03c4\u03b9\u03b1 \u03bf\u03c6\u03ad\u03bb\u03b7 \u03c4\u03cc\u03c3\u03bf \u03b3\u03b9\u03b1 \u03c4\u03bf\u03bd \u03c0\u03c1\u03bf\u03cb\u03c0\u03bf\u03bb\u03bf\u03b3\u03b9\u03c3\u03bc\u03cc (\u03c4\u03cc\u03ba\u03bf\u03b9 \u03b4\u03b1\u03bd\u03b5\u03af\u03c9\u03bd), \u03cc\u03c3\u03bf \u03ba\u03b1\u03b9 \u03b3\u03b9\u03b1 \u03c4\u03bf\u03c5\u03c2 \u03a0\u03bf\u03bb\u03af\u03c4\u03b5\u03c2 \u03c4\u03b7\u03c2. <\/span><\/p>\n

<\/span><\/p>\n

\u038c\u03c3\u03bf\u03bd \u03b1\u03c6\u03bf\u03c1\u03ac \u03b4\u03b5 \u03c4\u03b9\u03c2 \u03b1\u03b3\u03bf\u03c1\u03ad\u03c2, \u03c3\u03b5 \u03c4\u03b5\u03bb\u03b9\u03ba\u03ae \u03b1\u03bd\u03ac\u03bb\u03c5\u03c3\u03b7 \u03ba\u03c1\u03af\u03bd\u03bf\u03c5\u03bd \u03ba\u03b1\u03b9 \u03b4\u03b1\u03bd\u03b5\u03af\u03b6\u03bf\u03c5\u03bd \u03b1\u03bd\u03ac\u03bb\u03bf\u03b3\u03b1 \u03bc\u03b5 \u03c4\u03b7 \u03c0\u03c1\u03bf\u03b2\u03bb\u03b5\u03c0\u03cc\u03bc\u03b5\u03bd\u03b7 \u03bc\u03b5\u03bb\u03bb\u03bf\u03bd\u03c4\u03b9\u03ba\u03ae \u03b5\u03be\u03ad\u03bb\u03b9\u03be\u03b7 \u03c4\u03b7\u03c2 \u03c7\u03ce\u03c1\u03b1\u03c2 <\/strong>\u03ba\u03b1\u03b9 \u03cc\u03c7\u03b9 \u03bc\u03b5 \u03b2\u03ac\u03c3\u03b7 \u03c4\u03b9\u03c2 \u03b6\u03b7\u03bc\u03af\u03b5\u03c2 \u03c4\u03bf\u03c5\u03c2 \u03b1\u03c0\u03cc \u03c4\u03bf \u03c0\u03b1\u03c1\u03b5\u03bb\u03b8\u03cc\u03bd \u2013 \u03bf\u03c0\u03cc\u03c4\u03b5 \u03bc\u03af\u03b1 \u03c7\u03ce\u03c1\u03b1, \u03b7 \u03bf\u03c0\u03bf\u03af\u03b1 \u03b5\u03c0\u03b9\u03bb\u03ad\u03b3\u03b5\u03b9 \u03c4\u03bf \u03b4\u03cd\u03c3\u03ba\u03bf\u03bb\u03bf \u03b4\u03c1\u03cc\u03bc\u03bf (\u03bb\u03b9\u03c4\u03cc\u03c4\u03b7\u03c4\u03b1, \u03cd\u03c6\u03b5\u03c3\u03b7 \u03ba\u03bb\u03c0.), \u03c7\u03c9\u03c1\u03af\u03c2 \u03ba\u03b1\u03bc\u03af\u03b1 \u03b5\u03bb\u03c0\u03af\u03b4\u03b1 \u03b5\u03c0\u03b9\u03c4\u03c5\u03c7\u03af\u03b1\u03c2 \u03cc\u03c0\u03c9\u03c2 \u03b7 \u0395\u03bb\u03bb\u03ac\u03b4\u03b1, \u03b5\u03af\u03bd\u03b1\u03b9 \u03c0\u03bf\u03bb\u03cd \u03c0\u03b9\u03bf \u03b4\u03cd\u03c3\u03ba\u03bf\u03bb\u03bf \u03bd\u03b1 \u03b5\u03c0\u03b1\u03bd\u03ad\u03bb\u03b8\u03b5\u03b9 \u03c3\u03c4\u03b9\u03c2 \u03b1\u03b3\u03bf\u03c1\u03ad\u03c2, \u03b1\u03c0\u03cc \u03bc\u03af\u03b1 \u03ac\u03bb\u03bb\u03b7 \u03c0\u03bf\u03c5 \u03b5\u03c0\u03b9\u03bb\u03ad\u03b3\u03b5\u03b9 \u03c1\u03b9\u03b6\u03b9\u03ba\u03ad\u03c2 \u03bb\u03cd\u03c3\u03b5\u03b9\u03c2<\/em><\/strong> (<\/span>haircut<\/span> <\/span>\u03ba\u03bb\u03c0.), \u03bf\u03b9 \u03bf\u03c0\u03bf\u03af\u03b5\u03c2 \u03b5\u03be\u03b1\u03c3\u03c6\u03b1\u03bb\u03af\u03b6\u03bf\u03c5\u03bd \u03c4\u03b7 \u03bc\u03b5\u03bb\u03bb\u03bf\u03bd\u03c4\u03b9\u03ba\u03ae \u03c4\u03b7\u03c2 \u03b1\u03bd\u03ac\u03c0\u03c4\u03c5\u03be\u03b7.<\/span><\/p>\n

<\/span><\/p>\n

\u0395\u03a0\u0399\u039b\u039f\u0393\u039f\u03a3<\/span><\/strong><\/p>\n

<\/span><\/strong><\/p>\n

\u03a3\u03c7\u03b5\u03b4\u03cc\u03bd \u03b3\u03b9\u03b1 \u03c4\u03c1\u03af\u03b1 \u03bf\u03bb\u03cc\u03ba\u03bb\u03b7\u03c1\u03b1 \u03c7\u03c1\u03cc\u03bd\u03b9\u03b1 \u03b1\u03c3\u03c7\u03bf\u03bb\u03bf\u03cd\u03bc\u03b1\u03c3\u03c4\u03b5 \u03bc\u03b5 \u03c4\u03b7\u03bd \u03bf\u03b9\u03ba\u03bf\u03bd\u03bf\u03bc\u03b9\u03ba\u03ae \u03b5\u03bd\u03b7\u03bc\u03ad\u03c1\u03c9\u03c3\u03b7, \u03c3\u03c4\u03bf \u03b2\u03b1\u03b8\u03bc\u03cc \u03c0\u03bf\u03c5 \u03bc\u03c0\u03bf\u03c1\u03bf\u03cd\u03bc\u03b5 \u2013 \u03bc\u03b5 \u03cc\u03bb\u03b1 \u03c4\u03b1 \u03c4\u03c5\u03c7\u03cc\u03bd \u03bb\u03ac\u03b8\u03b7 \u03ae \u03c4\u03b9\u03c2 \u03c0\u03b1\u03c1\u03b1\u03bb\u03b5\u03af\u03c8\u03b5\u03b9\u03c2 \u03bc\u03b1\u03c2. \u03a3\u03ba\u03bf\u03c0\u03cc\u03c2 \u03bc\u03b1\u03c2 \u03b4\u03b5\u03bd \u03b5\u03af\u03bd\u03b1\u03b9 \u03b7 \u03b1\u03c0\u03cc\u03b4\u03bf\u03c3\u03b7 \u03b5\u03c5\u03b8\u03c5\u03bd\u03ce\u03bd, \u03bf\u03b9 \u03ba\u03b1\u03c4\u03b7\u03b3\u03bf\u03c1\u03af\u03b5\u03c2 \u03b7\/\u03ba\u03b1\u03b9 \u03b7 \u03ba\u03c1\u03b9\u03c4\u03b9\u03ba\u03ae \u03ba\u03b1\u03bd\u03b5\u03bd\u03cc\u03c2 (\u03b8\u03b1 \u03ae\u03c4\u03b1\u03bd \u03bc\u03ac\u03bb\u03bb\u03bf\u03bd \u03b1\u03bd\u03cc\u03b7\u03c4\u03bf<\/strong>), \u03b1\u03bb\u03bb\u03ac \u03b1\u03c0\u03bb\u03ac \u03ba\u03b1\u03b9 \u03bc\u03cc\u03bd\u03bf \u03b7 \u03b1\u03bd\u03ac\u03bb\u03c5\u03c3\u03b7 \u03cc\u03bb\u03c9\u03bd \u03cc\u03c3\u03c9\u03bd \u03c3\u03c5\u03bc\u03b2\u03b1\u03af\u03bd\u03bf\u03c5\u03bd \u03ae \u03ad\u03c7\u03bf\u03c5\u03bd \u03c3\u03c5\u03bc\u03b2\u03b5\u03af \u03bc\u03b5 \u03ba\u03ac\u03c0\u03bf\u03b9\u03b5\u03c2, \u03ae \u03b4\u03c5\u03bd\u03b1\u03c4\u03cc\u03bd \u00ab\u03b5\u03c0\u03bf\u03b9\u03ba\u03bf\u03b4\u03bf\u03bc\u03b7\u03c4\u03b9\u03ba\u03ad\u03c2\u00bb \u03c0\u03c1\u03bf\u03c4\u03ac\u03c3\u03b5\u03b9\u03c2 \u2013 \u03b1\u03c6\u03bf\u03cd \u03c0\u03b9\u03c3\u03c4\u03b5\u03cd\u03bf\u03c5\u03bc\u03b5 \u03b1\u03c0\u03cc\u03bb\u03c5\u03c4\u03b1 \u03cc\u03c4\u03b9, \u03b7 \u03b3\u03bd\u03ce\u03c3\u03b7 \u03b5\u03af\u03bd\u03b1\u03b9 \u03b4\u03cd\u03bd\u03b1\u03bc\u03b7<\/strong>, \u03b5\u03bd\u03ce \u03b7 <\/span>\u03ac\u03bc\u03b5\u03c3\u03b7 \u0394\u03b7\u03bc\u03bf\u03ba\u03c1\u03b1\u03c4\u03af\u03b1<\/span><\/strong><\/a> \u03b1\u03c0\u03b1\u03b9\u03c4\u03b5\u03af \u03c0\u03bb\u03ae\u03c1\u03b7 \u03b5\u03bd\u03b7\u03bc\u03ad\u03c1\u03c9\u03c3\u03b7 \u03c4\u03c9\u03bd \u03a0\u03bf\u03bb\u03b9\u03c4\u03ce\u03bd \u03bc\u03af\u03b1\u03c2 \u03c7\u03ce\u03c1\u03b1\u03c2 (\u03b7 \u03bf\u03c0\u03bf\u03af\u03b1 \u03c0\u03c1\u03ad\u03c0\u03b5\u03b9 \u03bd\u03b1 \u03b5\u03c0\u03b9\u03b4\u03b9\u03ce\u03ba\u03b5\u03c4\u03b1\u03b9 \u03c3\u03b5 \u03cc\u03bb\u03bf\u03c5\u03c2 \u03c4\u03bf\u03c5\u03c2 \u00ab\u03c4\u03bf\u03bc\u03b5\u03af\u03c2 \u03b3\u03bd\u03ce\u03c3\u03b7\u03c2\u00bb \u03ba\u03b1\u03b9 \u03cc\u03c7\u03b9 \u03bc\u03cc\u03bd\u03bf \u03c3\u03c4\u03b1 \u03bf\u03b9\u03ba\u03bf\u03bd\u03bf\u03bc\u03b9\u03ba\u03ac). <\/span><\/p>\n

<\/span><\/p>\n

\u03a0\u03b5\u03c1\u03b1\u03b9\u03c4\u03ad\u03c1\u03c9 \u03b8\u03b5\u03c9\u03c1\u03bf\u03cd\u03bc\u03b5 \u03cc\u03c4\u03b9, \u03b7 \u03ac\u03bc\u03b5\u03c3\u03b7 \u0394\u03b7\u03bc\u03bf\u03ba\u03c1\u03b1\u03c4\u03af\u03b1 \u03b5\u03af\u03bd\u03b1\u03b9 \u03b7 \u03bc\u03bf\u03bd\u03b1\u03b4\u03b9\u03ba\u03ae \u03bb\u03cd\u03c3\u03b7 \u03bc\u03b1\u03c2 \u03b1\u03c0\u03ad\u03bd\u03b1\u03bd\u03c4\u03b9 \u03c3\u03c4\u03b7\u03bd \u03c0\u03b1\u03bd\u03c4\u03bf\u03b4\u03c5\u03bd\u03b1\u03bc\u03af\u03b1 \u03c4\u03bf\u03c5 \u03b1\u03c0\u03bf\u03bb\u03c5\u03c4\u03b1\u03c1\u03c7\u03b9\u03ba\u03bf\u03cd \u03ba\u03b1\u03c0\u03b9\u03c4\u03b1\u03bb\u03b9\u03c3\u03bc\u03bf\u03cd<\/strong> (<\/span>\u03ba\u03b9\u03bd\u03b5\u03b6\u03b9\u03ba\u03cc\u03c2 \u03b4\u03c1\u03cc\u03bc\u03bf\u03c2<\/span><\/span><\/a>), \u03bf \u03bf\u03c0\u03bf\u03af\u03bf\u03c2 \u03b4\u03b9\u03b1\u03b4\u03ad\u03c7\u03b8\u03b7\u03ba\u03b5 \u03c4\u03bf\u03bd \u00ab\u03c5\u03c0\u03b1\u03c1\u03ba\u03c4\u03cc \u03c3\u03bf\u03c3\u03b9\u03b1\u03bb\u03b9\u03c3\u03bc\u03cc\u00bb, \u03ba\u03b1\u03b8\u03ce\u03c2 \u03b5\u03c0\u03af\u03c3\u03b7\u03c2 \u03b1\u03c0\u03ad\u03bd\u03b1\u03bd\u03c4\u03b9 \u03c3\u03c4\u03b7\u03bd \u00ab\u03b4\u03c1\u03b9\u03bc\u03cd\u03c4\u03b7\u03c4\u03b1\u00bb \u03c4\u03bf\u03c5 <\/span>\u03bc\u03bf\u03bd\u03bf\u03c0\u03c9\u03bb\u03b9\u03b1\u03ba\u03bf\u03cd \u03ba\u03b1\u03c0\u03b9\u03c4\u03b1\u03bb\u03b9\u03c3\u03bc\u03bf\u03cd<\/span><\/a> – \u03b1\u03c5\u03c4\u03bf\u03cd \u03b4\u03b7\u03bb\u03b1\u03b4\u03ae \u03c0\u03bf\u03c5 \u03c0\u03c1\u03bf\u03c9\u03b8\u03b5\u03af \u03c4\u03bf \u00ab\u03b4\u03c5\u03c4\u03b9\u03ba\u03cc\u00bb \u03ba\u03c5\u03c1\u03af\u03c9\u03c2 <\/span>\u039a\u03b1\u03c1\u03c4\u03ad\u03bb<\/span><\/span><\/a>, \u03c3\u03b5 \u03c0\u03bb\u03ae\u03c1\u03b7 \u03c3\u03c5\u03bd\u03b5\u03c1\u03b3\u03b1\u03c3\u03af\u03b1 \u03bc\u03b5 \u03c4\u03b9\u03c2 \u03b1\u03c7\u03cc\u03c1\u03c4\u03b1\u03b3\u03b5\u03c2, \u03b1\u03bd\u03b5\u03be\u03ad\u03bb\u03b5\u03b3\u03ba\u03c4\u03b5\u03c2 <\/span>\u03c7\u03c1\u03b7\u03bc\u03b1\u03c4\u03bf\u03c0\u03b9\u03c3\u03c4\u03c9\u03c4\u03b9\u03ba\u03ad\u03c2 \u03b1\u03b3\u03bf\u03c1\u03ad\u03c2<\/span><\/a>, \u03bf\u03b9 \u03bf\u03c0\u03bf\u03af\u03b5\u03c2 \u03b4\u03b5\u03bd \u00ab\u03c3\u03c5\u03bc\u03c0\u03b5\u03c1\u03b9\u03c6\u03ad\u03c1\u03bf\u03bd\u03c4\u03b1\u03b9\u00bb \u03c3\u03cd\u03bc\u03c6\u03c9\u03bd\u03b1 \u03bc\u03b5 \u03c4\u03bf \u00ab\u03b1\u03cc\u03c1\u03b1\u03c4\u03bf \u03c7\u03ad\u03c1\u03b9\u00bb \u03c4\u03bf\u03c5 <\/span>A<\/span><\/strong>.<\/span><\/strong>Smith<\/span><\/strong> <\/span>(\u03b1\u03b4\u03c5\u03bd\u03b1\u03c4\u03ce\u03bd\u03c4\u03b1\u03c2 \u03c0\u03c1\u03bf\u03c6\u03b1\u03bd\u03ce\u03c2 \u03bd\u03b1 \u03bb\u03b5\u03b9\u03c4\u03bf\u03c5\u03c1\u03b3\u03ae\u03c3\u03bf\u03c5\u03bd \u03bc\u03b5 \u03c4\u03bf\u03c5\u03c2 \u03ba\u03b1\u03bd\u03cc\u03bd\u03b5\u03c2 \u03c4\u03b7\u03c2 \u03b6\u03ae\u03c4\u03b7\u03c3\u03b7\u03c2 \u03ba\u03b1\u03b9 \u03c4\u03b7\u03c2 \u03c0\u03c1\u03bf\u03c3\u03c6\u03bf\u03c1\u03ac\u03c2, \u03c7\u03c9\u03c1\u03af\u03c2 \u03b1\u03c5\u03c4\u03cc \u03bd\u03b1 \u03c0\u03c1\u03bf\u03cb\u03c0\u03bf\u03b8\u03ad\u03c4\u03b5\u03b9 \u03c3\u03c5\u03bd\u03c9\u03bc\u03bf\u03c3\u03af\u03b5\u03c2). <\/span><\/p>\n

<\/span><\/p>\n

\u03a3\u03c4\u03b1 \u03c0\u03bb\u03b1\u03af\u03c3\u03b9\u03b1 \u03c4\u03ce\u03c1\u03b1 \u03c4\u03b7\u03c2 \u03c0\u03b1\u03c1\u03b1\u03c0\u03ac\u03bd\u03c9 \u03b1\u03bd\u03ac\u03bb\u03c5\u03c3\u03b7\u03c2 \u03c4\u03b7\u03c2 \u03ba\u03c1\u03af\u03c3\u03b7\u03c2 \u03c4\u03b7\u03c2 \u039f\u03c5\u03c1\u03bf\u03c5\u03b3\u03bf\u03c5\u03ac\u03b7\u03c2, \u03ad\u03c7\u03bf\u03c5\u03bc\u03b5 \u03c4\u03b7\u03bd \u03ac\u03c0\u03bf\u03c8\u03b7 \u03cc\u03c4\u03b9, \u03b7 \u03bc\u03bf\u03bd\u03b1\u03b4\u03b9\u03ba\u03ae \u03c0\u03bb\u03ad\u03bf\u03bd \u03b5\u03c0\u03b9\u03bb\u03bf\u03b3\u03ae \u03c4\u03b7\u03c2 \u0395\u03bb\u03bb\u03ac\u03b4\u03b1\u03c2 \u03b5\u03af\u03bd\u03b1\u03b9 \u03b7 \u03b1\u03bd\u03ac\u03c0\u03c4\u03c5\u03be\u03b7 \u03ae \u03b7 <\/span>\u03c3\u03c4\u03ac\u03c3\u03b7 \u03c0\u03bb\u03b7\u03c1\u03c9\u03bc\u03ce\u03bd<\/span><\/a> \u2013 \u03c7\u03c9\u03c1\u03af\u03c2 \u03ba\u03b1\u03bc\u03af\u03b1 \u03b1\u03c0\u03bf\u03bb\u03cd\u03c4\u03c9\u03c2 \u03ba\u03b1\u03b8\u03c5\u03c3\u03c4\u03ad\u03c1\u03b7\u03c3\u03b7. \u0395\u03ac\u03bd \u03b4\u03b5\u03bd \u03b5\u03be\u03b1\u03c3\u03c6\u03b1\u03bb\u03b9\u03c3\u03c4\u03b5\u03af \u03ac\u03bc\u03b5\u03c3\u03b1 \u03b7 \u03b1\u03bd\u03ac\u03c0\u03c4\u03c5\u03be\u03b7 \u03b3\u03b9\u03b1 \u03c4\u03b7 \u03c7\u03ce\u03c1\u03b1 \u03bc\u03b1\u03c2, \u03bc\u03b5 \u03bf\u03c0\u03bf\u03b9\u03bf\u03bd\u03b4\u03ae\u03c0\u03bf\u03c4\u03b5 \u03b5\u03c6\u03b9\u03ba\u03c4\u03cc \u03b4\u03b9\u03b1\u03ba\u03b1\u03bd\u03bf\u03bd\u03b9\u03c3\u03bc\u03cc \u03b1\u03c0\u03bf\u03c0\u03bb\u03b7\u03c1\u03c9\u03bc\u03ae\u03c2 \u03c4\u03c9\u03bd \u03c5\u03c0\u03bf\u03c7\u03c1\u03b5\u03ce\u03c3\u03b5\u03c9\u03bd \u03c4\u03b7\u03c2 (<\/span>\u03ac\u03c1\u03b8\u03c1\u03bf \u03bc\u03b1\u03c2<\/span><\/span><\/strong><\/a>), \u03bf\u03c6\u03b5\u03af\u03bb\u03bf\u03c5\u03bc\u03b5 \u03bd\u03b1 \u03c0\u03c1\u03bf\u03b2\u03bf\u03cd\u03bc\u03b5 \u03b3\u03c1\u03ae\u03b3\u03bf\u03c1\u03b1 \u03c3\u03b5 \u03c3\u03c4\u03ac\u03c3\u03b7 \u03c0\u03bb\u03b7\u03c1\u03c9\u03bc\u03ce\u03bd, \u03c0\u03b1\u03c1\u03b1\u03bc\u03ad\u03bd\u03bf\u03bd\u03c4\u03b1\u03c2 \u03b4\u03c5\u03c3\u03c4\u03c5\u03c7\u03ce\u03c2 \u03c5\u03c0\u03bf\u03c7\u03c1\u03b5\u03c9\u03c4\u03b9\u03ba\u03ac \u03c3\u03c4\u03bf \u03c7\u03ce\u03c1\u03bf \u03c4\u03bf\u03c5 \u0395\u03c5\u03c1\u03ce<\/strong> \u2013 \u03b4\u03b9\u03b1\u03c6\u03bf\u03c1\u03b5\u03c4\u03b9\u03ba\u03ac \u03b5\u03af\u03bd\u03b1\u03b9 \u03c0\u03bb\u03ad\u03bf\u03bd \u03c6\u03cd\u03c3\u03b5\u03b9 \u03b1\u03b4\u03cd\u03bd\u03b1\u03c4\u03bf\u03bd \u03bd\u03b1 \u03b5\u03c0\u03b9\u03b2\u03b9\u03ce\u03c3\u03bf\u03c5\u03bc\u03b5 (\u03b1\u03bd \u03ba\u03b1\u03b9 \u03b4\u03b5\u03bd \u03b2\u03bb\u03ad\u03c0\u03bf\u03c5\u03bc\u03b5 \u03c3\u03bf\u03b2\u03b1\u03c1\u03ad\u03c2 \u03c0\u03c1\u03bf\u03bf\u03c0\u03c4\u03b9\u03ba\u03ad\u03c2 \u03b5\u03c0\u03b9\u03b2\u03af\u03c9\u03c3\u03b7\u03c2 \u03c4\u03bf\u03c5 \u0395\u03c5\u03c1\u03ce, \u03ba\u03c1\u03af\u03bd\u03bf\u03bd\u03c4\u03b1\u03c2 \u03b1\u03c0\u03cc \u03c4\u03b9\u03c2 \u00ab\u03b9\u03ba\u03b1\u03bd\u03cc\u03c4\u03b7\u03c4\u03b5\u03c2\u00bb \u03c4\u03bf\u03c5 <\/span>\u03c0\u03b5\u03c1\u03b9\u03c0\u03bb\u03b1\u03bd\u03ce\u03bc\u03b5\u03bd\u03bf\u03c5 \u0395\u03c5\u03c1\u03c9\u03b8\u03b9\u03ac\u03c3\u03bf\u03c5<\/span><\/span><\/a> <\/span>\u03ba\u03b1\u03b9 \u03c4\u03b1 \u03c3\u03c5\u03bd\u03b5\u03c7\u03ae \u00ab\u03ae\u03be\u03b5\u03b9\u03c2 \u03b1\u03c6\u03af\u03be\u03b5\u03b9\u03c2<\/em><\/strong>\u00bb \u03c4\u03b7\u03c2 \u03b1\u03bd\u03b1\u03c4\u03bf\u03bb\u03b9\u03ba\u03bf\u03b3\u03b5\u03c1\u03bc\u03b1\u03bd\u03af\u03b4\u03b1\u03c2 <\/span>\u03ba\u03b1\u03b3\u03ba\u03b5\u03bb\u03b1\u03c1\u03af\u03bf\u03c5<\/span><\/a>). <\/span><\/p>\n

<\/span><\/p>\n

\u03a4\u03ad\u03bb\u03bf\u03c2, \u03c4\u03cc\u03c3\u03bf \u03b7 \u03b1\u03b9\u03c3\u03b9\u03cc\u03b4\u03bf\u03be\u03b1 \u03c0\u03c1\u03bf\u03b2\u03bb\u03b5\u03c0\u03cc\u03bc\u03b5\u03bd\u03b7 (<\/span>\u03ac\u03c1\u03b8\u03c1\u03bf \u03bc\u03b1\u03c2<\/span><\/span><\/a> \u2013 \u03a0\u03af\u03bd\u03b1\u03ba\u03b1\u03c2 \u0399) \u03b5\u03c0\u03b9\u03b4\u03b5\u03af\u03bd\u03c9\u03c3\u03b7 \u03c4\u03b7\u03c2 \u03cd\u03c6\u03b5\u03c3\u03b7\u03c2, \u03cc\u03c3\u03bf \u03ba\u03b1\u03b9 \u03bf\u03b9 <\/span>\u03b5\u03b3\u03ba\u03bb\u03b7\u03bc\u03b1\u03c4\u03b9\u03ba\u03ad\u03c2 \u03b9\u03b4\u03b9\u03c9\u03c4\u03b9\u03ba\u03bf\u03c0\u03bf\u03b9\u03ae\u03c3\u03b5\u03b9\u03c2<\/span><\/span><\/strong><\/a> \u03ba\u03ac\u03c4\u03c9 \u03b1\u03c0\u03cc \u03c4\u03b9\u03c2 \u03c3\u03b7\u03bc\u03b5\u03c1\u03b9\u03bd\u03ad\u03c2 \u03c3\u03c5\u03bd\u03b8\u03ae\u03ba\u03b5\u03c2 (\u03bc\u03b5 \u03c4\u03bf \u03c7\u03c1\u03b7\u03bc\u03b1\u03c4\u03b9\u03c3\u03c4\u03ae\u03c1\u03b9\u03bf \u03c3\u03c4\u03bf \u03bd\u03b1\u03b4\u03af\u03c1 \u03ba\u03b1\u03b9 \u03c4\u03b9\u03c2 \u03b1\u03be\u03af\u03b5\u03c2 \u00ab\u03ba\u03b1\u03c4\u03b1\u03c1\u03c1\u03b1\u03ba\u03c9\u03bc\u03ad\u03bd\u03b5\u03c2\u00bb), \u03b1\u03c0\u03b5\u03b9\u03bb\u03bf\u03cd\u03bd \u03bd\u03b1 \u03bc\u03b1\u03c2 \u03bf\u03b4\u03b7\u03b3\u03ae\u03c3\u03bf\u03c5\u03bd \u03b4\u03b5\u03ba\u03ac\u03b4\u03b5\u03c2 \u03c7\u03c1\u03cc\u03bd\u03b9\u03b1 \u03c0\u03af\u03c3\u03c9<\/strong> \u2013 \u03b5\u03ac\u03bd \u03b4\u03b5\u03bd \u03bc\u03b1\u03c2 \u03ba\u03b1\u03c4\u03b1\u03b4\u03b9\u03ba\u03ac\u03c3\u03bf\u03c5\u03bd \u03c3\u03b5 \u03bc\u03af\u03b1 \u03bd\u03ad\u03b1 \u00ab\u03ba\u03b1\u03c4\u03bf\u03c7\u03ae\u00bb \u03c4\u03b7\u03c2 \u0395\u03bb\u03bb\u03ac\u03b4\u03b1\u03c2, \u03b1\u03c0\u03cc \u03c4\u03bf\u03c5\u03c2 \u03c3\u03c5\u03bd\u03ae\u03b8\u03b5\u03b9\u03c2 \u03b4\u03c5\u03c4\u03b9\u03ba\u03bf\u03cd\u03c2 \u03b5\u03b9\u03c3\u03b2\u03bf\u03bb\u03b5\u03af\u03c2 \u03ba\u03b1\u03b9 \u03bd\u03b5\u03bf\u03b1\u03c0\u03bf\u03b9\u03ba\u03b9\u03bf\u03ba\u03c1\u03ac\u03c4\u03b5\u03c2. <\/span><\/p>\n

<\/span><\/p>\n

\u038c\u03c3\u03bf\u03bd \u03b1\u03c6\u03bf\u03c1\u03ac \u03b4\u03b5 \u03c4\u03b9\u03c2 \u03c4\u03c1\u03ac\u03c0\u03b5\u03b6\u03b5\u03c2, \u03b7 \u03ba\u03b1\u03c4\u03b1\u03b2\u03b1\u03c1\u03ac\u03b8\u03c1\u03c9\u03c3\u03b7 \u03c4\u03c9\u03bd \u03c4\u03b9\u03bc\u03ce\u03bd \u03c4\u03c9\u03bd \u03bc\u03b5\u03c4\u03bf\u03c7\u03ce\u03bd \u03c4\u03bf\u03c5\u03c2 \u03b5\u03af\u03bd\u03b1\u03b9 \u03b7 \u03ba\u03b1\u03bb\u03cd\u03c4\u03b5\u03c1\u03b7 \u03c4\u03b5\u03ba\u03bc\u03b7\u03c1\u03af\u03c9\u03c3\u03b7 \u03c3\u03b5 \u03c3\u03c7\u03ad\u03c3\u03b7 \u03bc\u03b5 \u03c4\u03bf \u03c4\u03b9 \u03c0\u03c1\u03cc\u03ba\u03b5\u03b9\u03c4\u03b1\u03b9 \u03bd\u03b1 \u03c3\u03c5\u03bc\u03b2\u03b5\u03af<\/strong> \u03c3\u03cd\u03bd\u03c4\u03bf\u03bc\u03b1<\/strong> \u2013 \u03ba\u03c1\u03af\u03bd\u03bf\u03bd\u03c4\u03b1\u03c2 \u03b1\u03c0\u03cc \u03c4\u03b7\u03bd \u03b5\u03bc\u03c0\u03b5\u03b9\u03c1\u03af\u03b1 \u03c4\u03b7\u03c2 \u039f\u03c5\u03c1\u03bf\u03c5\u03b3\u03bf\u03c5\u03ac\u03b7\u03c2, \u03b1\u03c0\u03cc \u03c4\u03b7\u03bd \u03c1\u03b9\u03b6\u03b9\u03ba\u03ae \u03b1\u03bd\u03b1\u03b4\u03b9\u03ac\u03c1\u03b8\u03c1\u03c9\u03c3\u03b7 \u03c0\u03bf\u03c5 \u03b1\u03ba\u03bf\u03bb\u03bf\u03cd\u03b8\u03b7\u03c3\u03b5, \u03b7 \u03bf\u03c0\u03bf\u03af\u03b1 \u03ba\u03b1\u03c4\u03b1\u03b4\u03af\u03ba\u03b1\u03c3\u03b5 \u03c7\u03b9\u03bb\u03b9\u03ac\u03b4\u03b5\u03c2 \u03c4\u03c1\u03b1\u03c0\u03b5\u03b6\u03bf\u03cb\u03c0\u03b1\u03bb\u03bb\u03ae\u03bb\u03bf\u03c5\u03c2 \u03c3\u03c4\u03b7\u03bd \u03b1\u03bd\u03b5\u03c1\u03b3\u03af\u03b1, \u03ba\u03b1\u03b8\u03ce\u03c2 \u03b5\u03c0\u03af\u03c3\u03b7\u03c2 \u03b1\u03c0\u03cc \u03c4\u03b9\u03c2 \u03bc\u03ac\u03bb\u03bb\u03bf\u03bd \u00ab\u03c3\u03ba\u03bf\u03c4\u03b5\u03b9\u03bd\u03ad\u03c2\u00bb \u03c0\u03c1\u03bf\u03b8\u03ad\u03c3\u03b5\u03b9\u03c2 \u03ba\u03ac\u03c0\u03bf\u03b9\u03c9\u03bd \u00ab\u03b5\u03c4\u03b1\u03af\u03c1\u03c9\u03bd\u00bb \u03bc\u03b1\u03c2. <\/span><\/p>\n

<\/span><\/p>\n

\u0395\u03ba\u03c4\u03cc\u03c2 \u03b1\u03c5\u03c4\u03bf\u03cd, \u03b7 \u03b1\u03c0\u03af\u03c3\u03c4\u03b5\u03c5\u03c4\u03b7 \u03bc\u03b5\u03af\u03c9\u03c3\u03b7 \u03c4\u03b7\u03c2 \u03bf\u03bd\u03bf\u03bc\u03b1\u03c3\u03c4\u03b9\u03ba\u03ae\u03c2 \u03b1\u03be\u03af\u03b1\u03c2 \u03c4\u03b7\u03c2 \u03bc\u03b5\u03c4\u03bf\u03c7\u03ae\u03c2 \u03c4\u03b7\u03c2 <\/span>Alpha<\/span> <\/span>Bank<\/span>, \u03b3\u03b9\u03b1 \u03c0\u03b1\u03c1\u03ac\u03b4\u03b5\u03b9\u03b3\u03bc\u03b1, \u03b1\u03c0\u03cc 4,70 \u20ac \u03c3\u03c4\u03b1 0,30 \u20ac <\/strong>(\u03c3\u03b7\u03bc\u03b5\u03c1\u03b9\u03bd\u03ae \u03c4\u03b9\u03bc\u03ae \u03b4\u03b9\u03b1\u03c0\u03c1\u03b1\u03b3\u03bc\u03ac\u03c4\u03b5\u03c5\u03c3\u03b7\u03c2 \u03c4\u03b7\u03c2 \u03bc\u03b5\u03c4\u03bf\u03c7\u03ae\u03c2 1,90 \u20ac), \u03c4\u03b1\u03c5\u03c4\u03cc\u03c7\u03c1\u03bf\u03bd\u03b1 \u03bc\u03b5 \u03c4\u03bf\u03bd \u03c4\u03b5\u03c1\u03ac\u03c3\u03c4\u03b9\u03bf \u03c0\u03b5\u03c1\u03b9\u03bf\u03c1\u03b9\u03c3\u03bc\u03cc \u03c4\u03c9\u03bd \u0399\u03b4\u03af\u03c9\u03bd \u039a\u03b5\u03c6\u03b1\u03bb\u03b1\u03af\u03c9\u03bd \u03c4\u03b7\u03c2 \u03ba\u03b1\u03c4\u03ac 2,5 \u03b4\u03b9\u03c2 \u20ac<\/strong> (\u03c3\u03c4\u03bf 1,1 \u03b4\u03b9\u03c2 \u20ac), \u03b4\u03b5\u03bd \u03c0\u03c1\u03bf\u03ca\u03b4\u03b5\u03ac\u03b6\u03b5\u03b9 \u03b3\u03b9\u03b1 \u03c4\u03b1 \u03ba\u03b1\u03bb\u03cd\u03c4\u03b5\u03c1\u03b1 – \u03b5\u03bd\u03ce \u03bc\u03ac\u03bb\u03bb\u03bf\u03bd \u03c4\u03b5\u03ba\u03bc\u03b7\u03c1\u03b9\u03ce\u03bd\u03b5\u03b9 \u03cc\u03c4\u03b9, \u03ad\u03c7\u03bf\u03c5\u03bc\u03b5 \u03b5\u03b9\u03c3\u03ad\u03bb\u03b8\u03b5\u03b9 \u03c3\u03c4\u03b7\u03bd \u00ab\u03c4\u03b5\u03bb\u03b9\u03ba\u03ae \u03b5\u03c5\u03b8\u03b5\u03af\u03b1\u00bb.<\/strong> \u03a0\u03c1\u03bf\u03c6\u03b1\u03bd\u03ce\u03c2 \u03b4\u03b5, \u03b7 \u03c3\u03b7\u03bc\u03b5\u03c1\u03b9\u03bd\u03ae \u03ba\u03b1\u03c4\u03ac\u03c3\u03c4\u03b1\u03c3\u03b7 \u03b5\u03c0\u03b7\u03c1\u03b5\u03ac\u03b6\u03b5\u03b9, \u03bc\u03b5\u03c4\u03b1\u03be\u03cd \u03ac\u03bb\u03bb\u03c9\u03bd, \u03c3\u03b5 \u03bc\u03b5\u03b3\u03ac\u03bb\u03bf \u03b2\u03b1\u03b8\u03bc\u03cc \u03c4\u03b1 \u03b4\u03b7\u03bc\u03cc\u03c3\u03b9\u03b1 \u03ba\u03b1\u03b9 \u03c4\u03b1 \u03ac\u03bb\u03bb\u03b1 \u03c4\u03b1\u03bc\u03b5\u03af\u03b1 (\u03c3\u03c5\u03bd\u03c4\u03b1\u03be\u03b9\u03bf\u03b4\u03bf\u03c4\u03b9\u03ba\u03ac \u03ba\u03bb\u03c0.), \u03bc\u03b5 \u03b1\u03bd\u03c5\u03c0\u03bf\u03bb\u03cc\u03b3\u03b9\u03c3\u03c4\u03b5\u03c2 \u03c3\u03c5\u03bd\u03ad\u03c0\u03b5\u03b9\u03b5\u03c2 \u03b3\u03b9\u03b1 \u03c4\u03bf \u03bc\u03ad\u03bb\u03bb\u03bf\u03bd \u03c4\u03bf\u03c5\u03c2. <\/span><\/p>\n

<\/span><\/p>\n

<\/span><\/p>\n

\u0392\u03b1\u03c3\u03af\u03bb\u03b7\u03c2 \u0392\u03b9\u03bb\u03b9\u03ac\u03c1\u03b4\u03bf\u03c2<\/span><\/strong><\/a> <\/span><\/strong> <\/span>(<\/span>copyright<\/span>)<\/span><\/p>\n

\u0391\u03b8\u03ae\u03bd\u03b1, 28. \u0391\u03c5\u03b3\u03bf\u03cd\u03c3\u03c4\u03bf\u03c5 2011<\/span> <\/span><\/p>\n

viliardos<\/span>@<\/span>kbanalysis<\/span>.<\/span>com<\/span><\/a> <\/span><\/p>\n

\u00a0<\/p>\n

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