Eurozone Economics explained

PhilTheFragger

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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 deep in debt, and everybody lives on credit.

A rich German tourist is driving through the village, stops at a small hotel and lays a €100 bank note on the desk. He tells the hotel owner he wants to inspect the bedrooms in order to pick one in which to spend the night.

The owner gives him some keys and, as soon as the visitor has gone 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 his feed supplier.

The guy at the Farmers' Co-op takes the €100 note and runs to pay his drinks bill at the taverna.

The publican passes 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 German will not suspect anything.

At that moment the German comes down the stairs, picks up the €100 note, states that the rooms are not satisfactory, pockets his money, and leaves town.

No one produced anything - no one earned anything - but 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 Greek government hopes to fix its economic problems.
 
It could also be known as Quantitative Easing, though a different supplier of the cash!

Did you notice that there was no tax nor government bureaucracy involved? So the 100 Euro note retained its value!
 
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 deep in debt, and everybody lives on credit.

A rich German tourist is driving through the village, stops at a small hotel and lays a €100 bank note on the desk. He tells the hotel owner he wants to inspect the bedrooms in order to pick one in which to spend the night.

The owner gives him some keys and, as soon as the visitor has gone 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 his feed supplier.

The guy at the Farmers' Co-op takes the €100 note and runs to pay his drinks bill at the taverna.

The publican passes 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 German will not suspect anything.

At that moment the German comes down the stairs, picks up the €100 note, states that the rooms are not satisfactory, pockets his money, and leaves town.

No one produced anything - no one earned anything - but 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 Greek government hopes to fix its economic problems.

Al Murray take, caution contains language

https://www.youtube.com/watch?v=GBVTDLtTLtE
 
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