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Greek Bailout
If you do not understand economics, this will clarify it for you and make you smile:-).
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
Replies to This Discussion
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Permalink Reply by Paul Pi on -
That's it... Its all about flow and little about doing anything.. Economic crisis is about bankers slowing the flow...
factory owner has too little, lays off staff who stop spending money at the pub who stop buying from suppliers who stop buying new equipment and lay off staff etc..
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Permalink Reply by nicola on -
I'm a hairdresser, so if I stop doing hair which means I dont buy stock, the ware house stop's supplying peroxide and the bomber's cant get it from the stock room, it stop's the terrorist's, is that what you mean?
oh and I'm out of work! hehe
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Permalink Reply by cloudskytiger on -
maybe its the economys fault that when some people text or message me they do so in one word like hi or yeah. so maybe its the economy cause they tax them for all words that they may write. in which case im gonna be paying them loads after this. is it more than a pound a word do you think? lol. was even gonna write a thread about it but cant afford it after this.
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