Source: unknown (for it was forwarded to me by email)
In case you’re as confused about the whole Euro debt and bailout business, here’s an explanation in very simple 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 â‚¬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 â‚¬100 note and runs next door to pay his debt to the butcher.
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.
Hope this clears everything up!