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To: J.B.C. who wrote (45742)12/6/2011 10:16:20 AM
From: Stephen O2 Recommendations  Respond to of 62552
 
Greek Bail Out - what we always knew

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

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