Solving the debt crisis

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 pigfarmer.

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.

In the real world, there would be interest. So the last in line would end up even further in debt and all the money would be gone after the pig farmer had it.

the 100 for the hooker services was a bit cheap :D

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Originally Posted by Nooj

In the real world, there would be interest. So the last in line would end up even further in debt and all the money would be gone after the pig farmer had it.

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What money? The wealthy German tourist didn’t part with any, he conditionally pledged it. And the reality is that all the interest owed to him to by the Greek butcher, pig farmer, etc now exceeds his 100 euro pledge.

Germany invented the Euro and then went around bullying the rest of the playground in to joining its gang and the French went along with it cos it was the biggest gang at the time. Me thinks, the little ginger haired kid in the corner has had enough.