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 & everybody lives on credit/debt. On this particular day a rich German woman tourist is driving through the village, stops at the local hotel & lays a 100 Euro note on the desk, telling the hotel owner she wants to inspect the rooms upstairs in order to pick one to spend the night.
The owner gives her some keys and, as soon as the visitor has walked upstairs, the hotelier grabs the 100 Euro note & runs next door to pay him debt to the butcher. The butcher takes the 100 Euro note & runs down the street to repay his debt to the pig farmer.
The pig farmer takes the 100 Euro note & heads off to pay his bill at the supplier of feed and fuel. The guy at the Farmers’ Co-op takes the 100 Euro note & runs to pay his drinks bill at the taverna.
The publican slips the money to the bartender from him he took drinks on credit. The bartender then rushes to the hotel & pays off his room bill to the hotel owner with the 100 Euro note. The hotel proprietor then places the 100 Euro note back on the counter so the rich German woman tourist will not suspect anything.
At that moment the tourist comes down the stairs, picks up the 100 Euro 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 & Gentlemen, is how the bailout package works . . .!
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