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thomasslavin
thomasslavin

How the EU bailout works

0 comments, 460 views, posted 5:50 am 05/12/2011 in Business by thomasslavin
thomasslavin has 1773 posts, 848 threads, 289 points
Uber God Earl of Erroll

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 hooker 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.

Extra Points Given by:

spykesmom (10)

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