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<P class=MsoNormal><FONT face=Tahoma><SPAN
style="FONT-FAMILY: tahoma; FONT-SIZE: 10pt"><B><SPAN
style="FONT-WEIGHT: bold">Subject:</SPAN></B> The Greek
Bailout</SPAN></FONT></P></DIV>
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<P class=MsoNormal><FONT color=black size=3
face="Times New
Roman"><SPAN style="FONT-SIZE: 12pt"
lang=EN-CA>A little lesson in basic economics. The beauty and wonder of cash
“flow”…</SPAN></FONT></P>
<P class=MsoNormal><SPAN><FONT color=black size=3
face="Times New
Roman"><SPAN style="FONT-SIZE: 12pt"
lang=EN-CA>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 prostitute 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 traveler 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.<BR><BR>And that, folks,
is how the Greek bailout package works.</SPAN></FONT></SPAN></P>
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