The Greek Bailout Package and how it works.
It was a miserable day in the little Greek
village, the rain was beating down, everybody
is out of work, they`re all in debt, living
on credit. On this day a German tourist is
passing through the village, he sees the
local hotel and goes inside.Helays down a
100euro notedown on the desk as a security
deposit...then he proceeds unstairs to find a
room he likes.
As he goes upstairs, the hotelier rushes
next door and pays the butcher the 100 euros
for the meat bill he owes.The butcher rushes
round to the pig farmer and pays off his
debt....the farmer rushes round to the Farm
Co-operative to pay his fuel and feed
bill....the guy at the cooperative dashes
round to the taverna and pays off his drinks
bill....the taverna owner nips round to the
local prostitute with the 100 Eu note
shes been facing hard times and given him
credit....she rushes round to the hotel and
pays the hotel owner the 100euro note for her
room bill....the hotel owner replaces the
note on the desk so the German doesn`t
suspect anything...the rich traveller comes
down and declares that the rooms are
unsatisfactory....he picks up the note and
proceeds to depart ,out of thetown.
No-one produced anything, no-one earned
anything, but the whole village is now out of
debt, and facing the future with a little
more optimism...........and that..
....IS HOW THE GREEK BAILOUT PACKAGE WORKS.