How the Greeks think they get out of debt

I was sent this from my father-in-law via email from an investment banker today, it was such a good little story I felt I had to post it:


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


~ by globalste on February 14, 2012.

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