[SOC] Fwd: FW: Euro crisis explaned

[john bell]

**

>*For those that are confused over the whole Euro crisis here it is in 
layman’s terms:

*>* 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



*












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