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Portsmouth Bill
Post subject: The Euro bailout De-mystifiedPosted: January 11th, 2012, 5:38 pm
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It is a slow day in a little Greek Village.
The rain is beating down and the streets are deserted.
Times are tough, everybody is in debt, and everybody lives on credit.
On this particular day, a rich German tourist is driving through the village, stops at the local hotel and lays a €100 note on the desk, telling the hotel owner he wants to inspect the rooms upstairs in order to pick one to spend the night.
The owner gives him some keys and, as soon as the visitor has walked upstairs, the hotelier grabs the €100 note and runs next door to pay his debt to the butcher.
The butcher takes the €100 note and runs down the street to repay his debt to the pig farmer.
The pig farmer takes the €100 note and heads off to pay his bill at the supplier of feed and fuel.
The guy at the Farmers' Co-op takes the €100 note and runs to pay his drinks bill at the taverna.
The publican slips the money along to the local prostitute drinking at the bar, who has also been facing hard times and has had to offer him "services" on credit.
The hooker then rushes to the hotel and pays off her room bill to the hotel owner with the €100 note.
The hotel proprietor then places the €100 note back on the counter so the rich traveller will not suspect anything.
At that moment the traveller comes down the stairs, picks up the €100 note, states that the rooms are not satisfactory, pockets the money, and leaves town.

No one produced anything.
No one earned anything.
However, the whole village is now out of debt and looking to the future with a lot more optimism.
And that, Ladies and Gentlemen, is how the bailout package works

Simple really ;)


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bezobrazov
Post subject: Re: The Euro bailout De-mystifiedPosted: January 11th, 2012, 5:53 pm
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Wohaaa...our next Commissioner from britain! hail he! 8-) :lol: :D (Yes, though living in Texas, I'm still a Swedish - and therefore - European citizen!)

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Gollevainen
Post subject: Re: The Euro bailout De-mystifiedPosted: January 11th, 2012, 5:56 pm
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nice one... I would laugh, but then again its basicly a true story :cry:

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Carthaginian
Post subject: Re: The Euro bailout De-mystifiedPosted: January 11th, 2012, 8:15 pm
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PB - you wouldn't happen to be an Economics teacher... would you?
No, scratch that- I've never taken an economics class that made that much sense.


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Bombhead
Post subject: Re: The Euro bailout De-mystifiedPosted: January 11th, 2012, 9:34 pm
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Bill does that mean we get our money back ? If so can I have a tax rebate. :lol:


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Portsmouth Bill
Post subject: Re: The Euro bailout De-mystifiedPosted: January 12th, 2012, 8:20 am
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I can't take credit for this: it was emailed to me by a colleague, so its 'doing the rounds'. I found it funny, and no offence intended to either Greece or Germany: it won't be long till we're all in the same boat - if not already :(


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Ashley
Post subject: Re: The Euro bailout De-mystifiedPosted: January 12th, 2012, 8:34 am
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Yes, the story circles around here, too. If the EU pays the greek debt, we just buy greece. So can everybody have a piece of greece? I would prefer some place on an aegian island.

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Last edited by Ashley on January 13th, 2012, 9:57 am, edited 1 time in total.

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Rhade
Post subject: Re: The Euro bailout De-mystifiedPosted: January 12th, 2012, 9:23 am
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Ashley wrote:
So can everybody have a piece of greece? I would prefer some place on on aegian island.
This ... THIS is a marvelous idea! :D

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bezobrazov
Post subject: Re: The Euro bailout De-mystifiedPosted: January 12th, 2012, 11:36 am
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I want the Epirote mountains! Always wanted a mountain resort, which, of course we could turn into a classy ski and tourist resort!

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Thiel
Post subject: Re: The Euro bailout De-mystifiedPosted: January 12th, 2012, 11:59 am
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I'm partial to the south side of Crete. Keep the north side with 90% of the tourists and ridiculously hot weather.

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