spain

830)(3 ² 7KLV LV D PLQXWHE\PLQXWH DFFRXQW RI RXU WULS WR 7ROHGR 6SDLQ 1RW 2KLR« ZH ZRXOG KDYH VWRSSHG WR VD\ KHOOR LI ZH KDG EHHQ WKDW FORVH WR KRPH KRPH 'RQ¶W JR WR &OHYHODQG 7RP :H KRSH WKDW LW JLYHV \RX DQ LGHD RI KRZ EXV\ RXU GD\V KDYH EHHQ VLQFH ZH KDYH DUULYHG LQ 6SDLQ ¯ &DWKHULQH¶V ¿UVW DODUP JRHV RII %HFDXVH RXU WUDLQ ZDV OHDYLQJ IRU 7ROHGR DW DQG WKHUH ZDV DEVROXWHO\ QR ZD\ WR JHW WKHUH RWKHUZLVH SDUDQRLD ZDV UXQQLQJ ZLOG DERXW EHLQJ UHDG\ WR JR DQG DODUPV ZHUH VHW DFFRUGLQJO\ ¯ .DUO DUULYHV &DWKHULQH SDVVHV KLP LQ WKH KDOO DV VKH JRHV WR $ODQQD DQG 1LFKHOOH¶V URRP WR KDQJ XQGHUZHDU RQ WKHLU EDOFRQ\ WR GU\ %DWKWXE ODXQGU\ DQG D VKDG\ ZLQGRZ PDNH IRU VORZ GU\LQJ FORWKHV ¯ 2XU JURXS RI GHSDUWV WKH KRVWHO IRU WKH PHWUR 7KH JURXS DJUHHV WKLV LV WKH PRVW XUJHQW DQ\ RI XV KDV VHHQ .DUO VLQFH RXU DUULYDO WR 0DGULG ¯ 7KH PHWUR OHDYHV WKH %LOOEDR VWDWLRQ IRU WKH WUDLQ VWDWLRQ ¯ $IWHU DUULYLQJ WR WKH OREE\ LQ D ELW RI D WLII $GDP DQG -RKQ VHHPHG WR PDNH XS RQO\ WR KDYH WKHLU GLVDJUHH PHQW LQWHQVLI\ RQ WKH PHWUR ¯ :H DUULYH DW WKH $ V RXU PRWOH\ FUHZ VWDUWV WR GZLQGOH -RKQ $ODQQD 1LFKHOOH /DXUD ) DQG .DW\ : OHIW WKLV PRUQLQJ LW¶V LPSRVVLEOH QRW WR ORRN EDFN DW WKH ODVW ¿YH ZHHNV ZLWK DQ RYHUSRZHULQJ VHQVH RI QRVWDO JLD 7KH WUXWK LV VWLOO VLQNLQJ LQ ± RXU JUHDW DGYHQWXUH LV UHDOO\ FRPLQJ WR D FORVH 6XUH VRPH RI XV KDYH D IHZ GD\V OHIW ZLWK HDFK RWKHU &DWKHULQH OHDYHV WRPRUURZ DQG $EEH\ DQG /DXUD ( RQ 0RQGD\ EXW LW¶V MXVW QRW WKH VDPH ZLWKRXW WKH ZKROH JDQJ 7KLV KDV EHHQ RQH RI WKH JUHDWHVW VXPPHUV RI P\ OLIH DQG HYHQ DV WKH PHPRULHV RI WKH 'DOt PXVHXP RU WKH DTXHGXFW LQ 6HJRYLD VWDUW WR IDGH , NQRZ , ZLOO QHYHU IRUJHW WKHVH SHRSOH DQG WKH IDU WRR VKRUW DPRXQW RI WLPH ZH VSHQW WRJHWKHU :H¶YH DOO OHDUQHG VR PXFK IURP .DUO &KHU\O DQG RXU URWDWLQJ FUHZ RI JXHVW VSHDNHUV DQG 6SDQLVK IULHQGV EXW HYHQ EH\RQG WKH OLPLWV RI GHVLJQ DQG MRXUQDOLVP ZH¶YH OHDUQHG KRZ WR OLYH RXU OLYHV WR WKH IXOOHVW WR UHOD[ DQG SUDFWLFH WUDQTXLOOR WR DSSUHFLDWH WKH ZRUOG DURXQG XV DQG PRVW LPSRUWDQWO\ WR QHYHU XVH D UXOHU ZKHQ VNHWFKLQJ ,W¶V HDV\ WR IRUJHW WKDW DOO RI XV JR WR WKH VDPH VFKRRO DQG OLYH ZLWKLQ WZR PLOHV RI HDFK RWKHU VRPH RQO\ D IHZ VWUHHWV RU KRXVHV DQG WKDW PDQ\ RI RXU PHPRULHV WRJHWKHU KDYH \HW WR EH PDGH ,¶P ORRNLQJ IRUZDUG WR RXU PDQ\ UHXQLRQV ZKLFK LI DOO JRHV DV SODQQHG ZLOO TXLFNO\ VXUSDVV WKH DPRXQW RI WLPH ZH ZHUH DFWXDOO\ KHUH LQ 6SDLQ , FDQ EDUHO\ EHOLHYH KRZ OXFN\ ZH¶YH EHHQ WR KDYH VXFK D JUHDW JURXS RI SHRSOH KHUH ± IRU WKRVH RI \RX ZKR UHPHPEHU WKH JRRG ROG GD\V EDFN LQ %DUFHORQD ZH¶UH VWLOO ZDONLQJ RQ D GUHDP KHUH WKUHH ZHHNV ODWHU , GRQ¶W WKLQN DQ\ RI XV HYHU ZDQW WR ZDNH XS IURP LW $V WKLV LV TXLWH SRVVLEO\ WKH ORQJHVW EORJ HQWU\ RI DOOWLPH \RX FDQ WDNH DQ LQWHUPLVVLRQ IURP UHDGLQJ DQG ZDWFK D EUDQG QHZ -HUVH\ %R\V 3URGXFWLRQ ± DQG GRQ¶W ZRUU\ , VSHQW WHQ WLPHV ORQJHU RQ WKLV RQH VR LW¶V HYHQ EHWWHU WKDQ WKH ODVW :DWFK LW LQ IXOO VFUHHQ IRU IXOO HIIHFW $Q\ZD\ DV RXU EORJ VDGO\ FRPHV WR D FORVH ,¶G OLNH WR JLYH D VKRXWRXW WR HDFK RI P\ IHOORZ WUDYHOHUV ZLWKRXW ZKRP WKLV MRXUQH\ ZRXOG QRW KDYH EHHQ DQ\ZKHUH QHDU DV HSLF <RX JX\V DUH WKH EHVW $EEH\ 0RRUH <RX¶YH EHHQ WKH XOWLPDWH FRQWUDVW SOD\LQJ WKH UROH RI JURXS PRP ZKLOH VWLOO HPERG\ LQJ WKH VSLULW RI 0D[ IURP :KHUH WKH :LOG 7KLQJV $UH , VWLOO WKLQN LW¶V KLODULRXV HYHU\ WLPH \RX VD\ µ, GLHG¶ WR FRQYH\ WKH IDFW WKDW \RX ODXJKHG UHDOO\ KDUG DW VRPHWKLQJ DQG , ZLOO DOZD\V UHPHPEHU WKH QLJKW \RX WRSSOHG RYHU LQ PLGKHDGVWDQG WR GHVWUR\ HYHU\WKLQJ RQ .DW\¶V QLJKW VWDQG 7KLV WULS MXVW ZRXOGQ¶W KDYH EHHQ WKH VDPH ZLWKRXW \RX DQG \RXU FRXQWOHVV <RXWXEH YLGHRV VPHOOV OLNH PHDW URWWHQ PHDW DQG , KRSH \RX HQMR\ \RXU QHZ VDOW DQG SHSSHU VKDNHUV $GDP DQG -RKQ LSYVW QMRYXIW WIGSRHW 3RI HE] MR XLI PMJI SJ QWYWTEMR ;,%8´7 -27-() /EVP +YHIQWYWTEMR (EMP] 8LI KERK TSWIW MR E ½IPH SJ TSTTMIW HYVMRK XLIMV IRNS]EFPI GPMQF MR )P )WGSVMEP 2IMXLIV MRXIVQMXXIRX VEMR GLMPP] [IEXLIV RSV E WREOI GSYPH OIIT XLMW QSXPI] FYRGL HS[R SR SRI SJ XLI FIWX HE]W SJ XLI XVMT 7II &)%787 % 7II 830)(3 % $1.00 ;;;74%-2'31 792(%= 7911)6 74)'-%0 6)'%4 )(-8-32 PVXVSDLQ 'DLO\ 2))( 136) .)67)= &3=7# 3* '3967)=39 (3 %(%1±(%2+)6² 6377- %2( .3,2 ±'%98-32² /%01%6 '983987 % % (%= -2 8,) 0-*) 3* /%8-) ±,%>%6(² (%0)&398 8,) 4%6/ +9)00 6)7-()28 6927 %=3+% 789(-3 398 3* ,)68)28 ' 8,) 40%')7 83 (-2) (6-2/ )2 )74%g% 0%96% * %2( /%8= ; *-00 =39 -2 32 74%-2´7 &)78 '31-(% = '%g%7 ' 037 86)7 *383 +6%*-78%7 %(1-6) 8,) 4,383+6%4,-' +)2-97 3* %&&)= 0%96% )%2( 0%96=2 % % :)6= +%+% '30912 2-',)00) %2( /%8-) ( (-7'977 +)0%83 78%6 *69-8 %2( '6377-2+ &97= 786))87 92 7'%8,)( ' ,)= 7390 7-78% +)8 -27-() 8,) 1-2(7 3* 8,) 0)+)2(%6= .)67)= &3=7 -2 396 )<'097-:) 8)00 %00 -28)6:-); % +DSSLQHVV LV EHVW ZKHQ VKDUHG ÀYH ZHHNV ZLWK VWUDQJH IXQ DQG EL]DUUH ¶ZHLUG OLWWOH EHDVWV· 2SX QYGL IPWI XS WE] FIWMHIW %(%1 6377- 17974%-2 (%-0= '%8,%0%22% 17974%-2 (%-0= 32) -2 32) 1-00-32 -X´W LEVH XS MQEKMRI LS[ [IPP VIPEXMZIP] GSQTPIXI WXVERKIVW KSX EPSRK XSKIXLIV JSV ½ZI [IIOW 7SQI WXYHIRXW ORI[ IEGL SXLIV JVSQ GPEWWIW WSQI LEH GPEWWIW XSKIXLIV FYX RIZIV WTSOI ERH E GSYTPI [IVI JYXYVI VSSQQEXIW )EGL QIQFIV LEH XLIMV S[R MRHMZMHYEP ¾EZSV XLEX XLI] FVSYKLX XS XLI KVSYT ERH LIPTIH XS KIP XLMW VEK XEK FYRGL SJ QMW½XW MRXS [LEX EJJIGXMSREXIP] FIGEQI ORS[R WMQTP] EW QWYWTEMR %&&)= 1336) ,IV TLSXSKVETLMG I\TIVXMWI MR EHHMXMSR XS LIV PSZI SJ LMHMRK FILMRH XVEWL GERW [IVI I\EQTPIW SJ [L] [I EP[E]W RIIHIH QjW %FFI] 1EW 0%96=2 7',63)()6 8LI JYR PSZMRK ERH GEVI JVII 0EYV]R [EW EP[E]W XLI PMJI SJ XLI TEVX] ERH RIZIV JEV E[E] JVSQ E FEK SJ WEPX ERH ZMRIKEV GLMTW 2-',)00) /)67,2)6 ;I HMHR´X ORS[ [LS XLI LIPP ]SY [IVI &YX [I EPP WSSR PIEVRIH SJ LIV IRXLYWMEWQ GLMPH PMOI WTMVMX ERH PSZI SJ FMK LEXW .3,2 /%01%6 4ETE .SLR WIVZIH EW XLI EGXMRK HEH SJ XLI KVSYT ,I´W JEQSYW JSV LMW KVSYT LIEH GSYRXW ERH WMPIRX PEYKLW 4ETE MW EPWS E QIQFIV SJ XLI H]REQMG HYS XLI .IVWI] &S]W %(%1 6377- ;I XLSYKLX (ERKIV [EW XLI X]TMGEP -RHMI /MH FYX LI XYVRIH SYX XS FI SRI SJ XLI [MXXMIWX QSWX PSZEFPI KVSYT QIQFIVW 1EOIW YT XLI SXLIV LEPJ SJ XLI [SVPH VIRS[RIH .IVWI] &S]W 17974%-2 /%8= ;6-+,8 7LI´W EP[E]W;VMKLX /EX] [EW SRI SJ XLI QSWX PMZIP] ERH IEW] KSMRK KVSYT QIQFIVW 7LI EPWS LSPHW XLI XMXPI SJ PSYHIWX QWYTEMR TEVXMGMTERX /%8-) (%0)&398 *VSQ LIV 1IHYWE PMOI LEMV ERH EJ½RMX] JSV8SQW´ WLSIW ]SY GSYPHR´X ½RH QSVI SJ E JVII WTMVMX XLER ±4VMRGIWW² /EXMI '%8,)6-2) 1-00-+%2 'EXLIVMRI SV ' 1MPP EW WLI´W QSVI EJJIGXMSREXIP] ORS[R EW [EW SRI SJ XLI JVMIRHPMIWX KVSYT QIQFIVW 7LI PSZIW 8SQ &VEH] ERH LYKW %0%22% 8,-)() 8LI 5YIIR SJ 7EWW [EW LIEH SJ XLI TEVX] TPERRMRK GSQQMXXII 3RI SJ XLI XLVII VIHLIEHW WLI ERH 'EXLIVMRI [IVI MRWITEVEFPI 0%96% ):%2+)0-78% 8LI 4VI^ [EW E XVYI KVSYT PIEHIV EP[E]W LEH E KSSH XMQI ERH OITX IZIV]SRI PEYKLMRK [MXL LIV WREVO] GSQQIRXW (YL 0%96% *371-6) 8LI 7TERMWL WTIEOIV ERH EHSTXIH PSGEP [EW EPWS E JSSH GSRRSMWWIYV MR EHHMXMSR XS E8[MXXIV ½IRH ',)6=0 4)00 7LI MW WMQTP] XLI FIWX &EVGIPSRE [SYPHR´X LEZI FIIR RIEVP] EW IRNS]EFPI [MXLSYX LIV YTFIEX EXXMXYHI ERH SZIVEPP NS]JYP EYVE /%60 +9() 8LI JIEVPIWW XSYV KYMHI ERH XIEGLIV XEYKLX YW LS[ XS PSWI SRIWIPJ FSXL PMXIVEPP] ERH ½KYVEXMZIP] MR 1EHVMH 2%2'= '6);7 8LI [SVPH´W KVIEXIWX SR WMXI GSSVHMREXSV HMH IZIV]XLMRK JVSQ WIXXMRK YT SYV LSWXIP ERH KYMHMRK YW XLVSYKL 1EHVMH XS IZIR SVHIVMRK TM^^E JSV GSPPIKI OMHW 0)8 8,) ;-0( 691497 &)+-2

spain

Documents

Transcript of spain