10th Dec 2011 The Greek Bailout

It is a slow day in a little Greek Village, the streets are deserted and times are tough - everybody is in debt, and everybody lives on credit.

In the evening, a rich German tourist drives through the village, stops at the hotel and asks for a room for the night. "¤100" says the hotel owner. The German lays a ¤100 note on the desk, picks up his key and goes up to his room.

· The hotelier immediately 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 floozy 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 and gives the proprietor the ¤100 note, which he puts on the reception desk.

At that moment the traveller comes down the stairs, puts his key down, states that the rooms are not satisfactory, picks up the ¤100 note and leaves town.

No one produced anything / No one earned anything - but 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!

Tags: bailout

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