How the bailout package works!!!

Seasider


Joined: 16/09/2008
Posts: 69

Message Posted:
28/11/2011 12:58

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

Seasider


Joined: 16/09/2008
Posts: 69

Message Posted:
28/11/2011 13:03

Continued .......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.

zookeeper


Joined: 17/03/2010
Posts: 168

Message Posted:
28/11/2011 13:51

Thanks Seasider enjoyed reading it. A lesson in economics!

NCMan



Joined: 19/09/2009
Posts: 670

Message Posted:
28/11/2011 14:19

Nice one Graham.

AndyR



Joined: 23/04/2009
Posts: 317

Message Posted:
28/11/2011 14:48

Excellent! someone should email this to David Cameron!

newlad



Joined: 02/03/2008
Posts: 7819

Message Posted:
28/11/2011 18:55

I think Gordon Brown has,



Paul.

rejela


Joined: 09/02/2011
Posts: 293

Message Posted:
28/11/2011 20:02

Any idea who the rich German is and exactly when he is coming to the TRNC. I would like to take a turn with the 100 euro note, clear my debts and look to the future with more optimism!



I should be so lucky. You have to be Greek to do that.

theparson


Joined: 28/05/2011
Posts: 129

Message Posted:
29/11/2011 09:38

Can you imagine the same situation in Cyprus.

This first thing the hotel owner would do here would be to go into the Casino and put it all on red.......now could someone add the next part of the story please.................

davpat


Joined: 23/08/2011
Posts: 225

Message Posted:
30/11/2011 12:52

as that Irish comedian used to say,"thats a cracker"!