Greek Bailout Explained
This is one from Dots sister Fran.
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 is how the bailout package works!
Greek bailout explained
-
- Posts: 1967
- Joined: Fri Nov 23, 2012 1:14 pm
- Location: Home Base...Paeroa.NZ OZ Base. Where ever we happen to be.......
Greek bailout explained
Better to remain silent and be thought a fool than speak and remove all doubt....
If at first you dont succeed, Skydiving is not for you.
If at first you dont succeed, Skydiving is not for you.
-
- Posts: 1253
- Joined: Tue Dec 04, 2012 12:06 pm
- Location: St Huberts Island
Re: Greek bailout explained
Yeah, but I bet the above is more realistic.norman wrote: The hotel proprietor then places the €100 note in his pocket.
At that moment the traveller comes down the stairs, ask for his €100 note and the hotelier asks, "what note?"
Experience is a wonderful thing. It helps you recognise a mistake when repeated.
-
- Posts: 24724
- Joined: Fri Nov 23, 2012 6:12 pm
- Location: Strathalbyn SA
- Been thanked: 37 times
Re: Greek bailout explained
See how different I am from my sister



Queen of the Banal & OT chatter and proud of it. If it offends you then tough titty titty bang bang.
-
- Posts: 15979
- Joined: Fri Nov 23, 2012 3:44 pm
- Location: Mannum South Australia by the beautiful Murray River
- Has thanked: 51 times
- Been thanked: 30 times
Re: Greek bailout explained
The story of how the Greek's got in the spot of bother they are in tells a similar story
I think I posted it here some where

A person may fail many times, they only become a failure when they blame someone else John Burrows
Those who struggle to become a leader, rarely know a clear direction forward for anyone but themselves
Those who struggle to become a leader, rarely know a clear direction forward for anyone but themselves