How the EU bailout package works
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Saw this one recently and thought it was clever and funny: 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 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 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 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 so the rich traveller will not suspect anything. At that moment the traveller 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...
Continuous effort - not strength or intelligence - is the key to unlocking our potential.(Winston Churchill)
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Saw this one recently and thought it was clever and funny: 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 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 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 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 so the rich traveller will not suspect anything. At that moment the traveller 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...
Continuous effort - not strength or intelligence - is the key to unlocking our potential.(Winston Churchill)
No, this is how the bailot package works... Germans work hard and pay taxes. They work until they are 67. They have fewer days off and are very productive. They do not run up huge debts and are frugal. Responsible economics are seen as a virtue and sociopolitical stability is assured. As a reward they are forced to give lots of money to the profligate and wasteful countries of the med so that they can retire on unrealistically high pensions at the age of 56 and can have huge public sector employment without fear of running out of money. Then the Germans say enough is enough and demand changes. The Club Med nations do not like it and resent the Germans, and France loses it's rating because it too is in trouble. The Euro fails, the EU breaks up with nations squabbling like children and protectionism means further restriction of trade.
------------------------------------ I will never again mention that I was the poster of the One Millionth Lounge Post, nor that it was complete drivel. Dalek Dave CCC Link[^] Trolls[^]
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No, this is how the bailot package works... Germans work hard and pay taxes. They work until they are 67. They have fewer days off and are very productive. They do not run up huge debts and are frugal. Responsible economics are seen as a virtue and sociopolitical stability is assured. As a reward they are forced to give lots of money to the profligate and wasteful countries of the med so that they can retire on unrealistically high pensions at the age of 56 and can have huge public sector employment without fear of running out of money. Then the Germans say enough is enough and demand changes. The Club Med nations do not like it and resent the Germans, and France loses it's rating because it too is in trouble. The Euro fails, the EU breaks up with nations squabbling like children and protectionism means further restriction of trade.
------------------------------------ I will never again mention that I was the poster of the One Millionth Lounge Post, nor that it was complete drivel. Dalek Dave CCC Link[^] Trolls[^]
The horrible part of this is... I think you are completely correct... :((
Continuous effort - not strength or intelligence - is the key to unlocking our potential.(Winston Churchill)
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No, this is how the bailot package works... Germans work hard and pay taxes. They work until they are 67. They have fewer days off and are very productive. They do not run up huge debts and are frugal. Responsible economics are seen as a virtue and sociopolitical stability is assured. As a reward they are forced to give lots of money to the profligate and wasteful countries of the med so that they can retire on unrealistically high pensions at the age of 56 and can have huge public sector employment without fear of running out of money. Then the Germans say enough is enough and demand changes. The Club Med nations do not like it and resent the Germans, and France loses it's rating because it too is in trouble. The Euro fails, the EU breaks up with nations squabbling like children and protectionism means further restriction of trade.
------------------------------------ I will never again mention that I was the poster of the One Millionth Lounge Post, nor that it was complete drivel. Dalek Dave CCC Link[^] Trolls[^]
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No, this is how the bailot package works... Germans work hard and pay taxes. They work until they are 67. They have fewer days off and are very productive. They do not run up huge debts and are frugal. Responsible economics are seen as a virtue and sociopolitical stability is assured. As a reward they are forced to give lots of money to the profligate and wasteful countries of the med so that they can retire on unrealistically high pensions at the age of 56 and can have huge public sector employment without fear of running out of money. Then the Germans say enough is enough and demand changes. The Club Med nations do not like it and resent the Germans, and France loses it's rating because it too is in trouble. The Euro fails, the EU breaks up with nations squabbling like children and protectionism means further restriction of trade.
------------------------------------ I will never again mention that I was the poster of the One Millionth Lounge Post, nor that it was complete drivel. Dalek Dave CCC Link[^] Trolls[^]
Dalek Dave wrote:
The Euro fails, the EU breaks up with nations squabbling like children and protectionism means further restriction of trade.
Greece either gets ejected from the Euro zone ro ellects to leave or accepts the Germans management of their tax system. They do the same for Italy. Vast levels of cporruption and tax evasion are uncovered and those responbsible jailed. Europe now becomes a German superstate where laws are obeyed and people pay taxes. Pan European laws are implemented based on the German model inclusing working hours, wages (German workers are the higest paid in the world), retirement and so on. Eruope becomes a manufacturing base so powerful it dominates the world gradually absorbing Norway, Sweeden, and the UK into the new UberEuroZone. Actually I wouldnt mind that. Just imagine, a propper manufacturing industry, stability, no dependence on the banking industry for your countries wealth. Higer wages, good working conditions, and low inflation. And we wouldnt have to speak German. :)
============================== Nothing to say.
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Dalek Dave wrote:
The Euro fails, the EU breaks up with nations squabbling like children and protectionism means further restriction of trade.
Greece either gets ejected from the Euro zone ro ellects to leave or accepts the Germans management of their tax system. They do the same for Italy. Vast levels of cporruption and tax evasion are uncovered and those responbsible jailed. Europe now becomes a German superstate where laws are obeyed and people pay taxes. Pan European laws are implemented based on the German model inclusing working hours, wages (German workers are the higest paid in the world), retirement and so on. Eruope becomes a manufacturing base so powerful it dominates the world gradually absorbing Norway, Sweeden, and the UK into the new UberEuroZone. Actually I wouldnt mind that. Just imagine, a propper manufacturing industry, stability, no dependence on the banking industry for your countries wealth. Higer wages, good working conditions, and low inflation. And we wouldnt have to speak German. :)
============================== Nothing to say.
[sarcasm] Frikin’ Russians, it’s their fault again! If they didn’t kicked Hitler’s ass so badly, this would have happened half a century ago! [\sarcasm]
There is only one Vera Farmiga and Salma Hayek is her prophet! Advertise here – minimum three posts per day are guaranteed.
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[sarcasm] Frikin’ Russians, it’s their fault again! If they didn’t kicked Hitler’s ass so badly, this would have happened half a century ago! [\sarcasm]
There is only one Vera Farmiga and Salma Hayek is her prophet! Advertise here – minimum three posts per day are guaranteed.
-
Saw this one recently and thought it was clever and funny: 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 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 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 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 so the rich traveller will not suspect anything. At that moment the traveller 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...
Continuous effort - not strength or intelligence - is the key to unlocking our potential.(Winston Churchill)