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question to the lecture by um and hes going to talk about the legal foundations the benefits and the drawbacks of cooperatives and maybe also talk about the situation in austria the floor is yours and we will be taking down the rest of your questions and then wrap them up at the end of the day at the end of this meeting i hello christian i will continue in german its exciting to be in a conference that has international guests and congratulations to the organizers to bring people together to talk uh to think about uh cooperatives okay so much for german introduction i will now english introduction i will continue in german it was quite interesting what we heard from christian casara he first mentioned mondragon as an example and one important event for the formation of our association of cooperatives we were founded in december 2016 we were recognized then by the ministry of the economy as an audit association and one major event at the time was in may 2015 and then we had a symposi