EUROPEAN BAILOUT MECHANISM EXPLAINED IN SIMPLIFIED ECONOMIC 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 Euro 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 Euro note and runs next door to pay his
debt to the butcher.The butcher takes the 100 Euro note and runs down the street to repay his
debt to the pig farmer.The pig farmer takes the 100 Euro note and heads off to pay his bill to
his supplier of feed and fuel.The guy at the Farmers’ Co-op takes the 100 Euro note and runs to pay his
drinks bill at the tavern.The publican slips the money along to the local lady of the night drinking
at the bar.The local lady of the night then rushes to the hotel and pays off her 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 traveller will not suspect anything.At that moment the traveller 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 - I’m told - is how the bailout package works … Genius !
brilliant will try it with my wage and the missus see what i get left with
PMSL 
but in the real world, the german tourist comes back down stairs and finds that his 100 euro note is nowhere to be seen!
but who cares anyway… he’s a german
mattecube:
brilliant will try it with my wage and the missus see what i get left with
a black eye and a broken nose probably