Story ‣ How The Greek Bail Out Works

Story How The Greek Bail Out Works 1 - Story ‣ How The Greek Bail Out Works

It’s a gradual day in somewhat Greek Village. The rain is thrashing down and the streets are abandoned. Occasions are robust, all people is in debt, and all people lives on credit score.

On this specific day a wealthy German vacationer is driving by the village, stops on the native resort and lays a €100 observe on the desk, telling the resort proprietor he needs to examine the rooms upstairs so as to choose one to spend the night time.

The proprietor offers him some keys and, as quickly because the customer has walked upstairs, the hotelier grabs the €100 observe and runs subsequent door to pay his debt to the butcher.

The butcher takes the €100 observe and runs down the road to repay his debt to the pig farmer.

The pig farmer takes the €100 observe and heads off to pay his invoice on the provider of feed and gasoline. The man on the Farmers’ Co-op takes the €100 observe and runs to pay his drinks invoice on the taverna.

The publican slips the cash alongside to the native bookie consuming on the bar, who has needed to give betting on credit score. The bookie who has additionally been going through arduous instances then rushes to the resort and pays off his Assembly room invoice to the resort proprietor with the €100 observe.

The resort proprietor then locations the €100 observe again on the counter so the wealthy traveller won’t suspect something.

At that second the traveller comes down the steps, picks up the €100 observe, states that the rooms aren’t passable, pockets the cash, and leaves city.

Nobody produced something. Nobody earned something. Nevertheless, the entire village is now out of debt and trying to the long run with much more optimism.

And that, Women and Gents, is how the Greek bailout package deal works.