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Post by tweedbunnet on Aug 29, 2012 4:44:07 GMT
Here's a thought for all you brainiacs out there.
What would happen if Germany said "Stuff it! We are sick and tired of those countries overspending. We are going to leave the Euro!"
What would you do if you were in Angela Merkel's position?
tb
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dunkeld
Active Member
Tay Springer April 2010
Posts: 2,946
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Post by dunkeld on Aug 29, 2012 6:29:06 GMT
They would have too much to lose, just throw in the towel, IMHO
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Post by tweedbunnet on Aug 30, 2012 5:00:04 GMT
K,
That's pretty much what my sister in law in Frankfurt said!!
tb
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Post by Willie Gunn on Aug 30, 2012 11:06:32 GMT
Angela Merkel arrives at Customs in Athens, and the clerk says, Name? Angela Merkel. Residence? Bonn, Germany. Occupation? Not this time, just a holiday weekend
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conwyrod
Advisory Board
Autumn on the Conwy
Posts: 4,659
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Post by conwyrod on Aug 30, 2012 12:27:54 GMT
;D very good ;D
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tenet
Active Member
Posts: 431
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Post by tenet on Aug 30, 2012 14:40:13 GMT
If, like me, you have wondered how this Greek bailout thing is supposed to work, how it will save the world economy, I found this explanation which might make things clearer:
Times are tough in a little Greek village where everybody is in debt and everybody lives on credit. Then one day, a rich German tourist arrives at the local hotel. He lays a 100 Euro note on the desk and tells 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 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 at the supplier of feed and fuel. The guy at the Farmers' Co-op takes the 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 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 is how the bailout package works!
Tenet
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stoney
Active Member
Posts: 47
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Post by stoney on Aug 30, 2012 22:19:04 GMT
I thought this was for real.
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