Feb 16, 2012

Greece Kicks The Euro Away

Greece people prefer to return to the Drachma  the stock markets and the currency markets, are swinging up and down for months. Once a week at least we hear about new arrangements but the bears are still roaring.
God Bless Greece and the other European countries which the Greece domino effect will drag them to depression.

Here is an old story which we recycle every time with other figures.
Greece is in the headlines for almost three years. Times are tough, everybody is in debt, and everybody lives on credit. Our story is about a small village which is now in deep shit, very few tourists visit that village now adays. One day Hans a German tourist entered the local hotel put a €100 bill on the desk, asking the reception clerck he wants to stay a week here but he must inspect the rooms upstairs. The clerck hands him a key 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 bill and runs down the street to repay his debt to the farmer.
The 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. At that moment Hans 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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