O/T - Irish Bailout Package

[Plain Peter]

It is a slow day in a damp little Irish town. 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 town, 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 pub.

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 town 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.

[durhamshrimp]

Well done.

[ezz]

What you failed to mention is the first guy, pockets the money...goes to the pub has a good night out and ends up in more debt.
When in ireland!

[Plain Peter]

Apparently Welsh farmers used to do this.
A cheque kept changing hands but was never cashed.
Don't know how all this works in the bigger world of economics though, that's been made so complicated by international bankers, that even the government aren't sure how finances work!
All the more easier for the International Wankers, sorry Bankers to fleece the system to their benefits with planned booms and busts.

Students should be bombing the Banks and financial houses, not Top Man and the Royals!