The Greece Bailout Explained.................
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 Greek bailout package works!!..
