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The EU Bailout of Ireland Explained

 
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RockitRon



Joined: 07 Dec 2006
Posts: 7565

PostPosted: Wed Dec 15, 2010 8:01 pm    Post subject: The EU Bailout of Ireland Explained Reply with quote

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.

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John W



Joined: 07 Dec 2006
Posts: 3360
Location: Warwickshire, UK

PostPosted: Wed Dec 15, 2010 9:22 pm    Post subject: Reply with quote

Hey that's very clever! Razz
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Minx



Joined: 09 Dec 2006
Posts: 4088
Location: France/Spain/Peterborough/Tenerife

PostPosted: Thu Dec 16, 2010 7:58 am    Post subject: Reply with quote

Very good Ron! Laughing You see, it's so easy to solve.

Patrick Kielty recently cracked this joke about Ireland's economy.

Irish bailout is just like our drinking

"Ah Jaysus, No. Honestly, I'm grand. Couldn't possibly...

Ah f*** it, go on then. I'll have a large one"

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Minx

To err is human, to forgive - canine.
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Rachel
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PostPosted: Thu Dec 16, 2010 8:27 am    Post subject: Reply with quote

I like that. Smile
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Rachel
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PostPosted: Thu Dec 16, 2010 8:27 am    Post subject: Reply with quote

I like that. Smile
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littlepieces



Joined: 10 Jan 2010
Posts: 1098
Location: Lowestoft

PostPosted: Thu Dec 16, 2010 12:03 pm    Post subject: Reply with quote

very good
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becky sharp



Joined: 01 Dec 2008
Posts: 5920

PostPosted: Fri Dec 17, 2010 8:52 am    Post subject: Reply with quote

Yes,very clever.... Laughing
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Rachel
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PostPosted: Fri Dec 17, 2010 9:15 am    Post subject: Reply with quote

Whilst out walking last night with hubby- I was trying to tell him this joke, I didn’t do very well really- it was cold, and it turned out that he had heard it anyway. However: he then went on to tell me that this is exactly how the economy really does work except that at each transaction the Government takes a huge chunk in tax- (he listed them all in detail, and percentages too- I’ll spare you though) so at the end the Government is owed more money than you first started with.

Yeah I know: we know how to have a good time, wandering around in the freezing darkness talking about economics. It doesn’t get any better than that!……. Does it?
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ColinB
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PostPosted: Fri Dec 17, 2010 9:20 am    Post subject: Reply with quote

Rachel wrote:
Yeah I know: we know how to have a good time, wandering around in the freezing darkness talking about economics. It doesn’t get any better than that!……. Does it?


You're forgiven providing that you tell us that you ended up in a nice warm pub. That would be the way I'd have ended the anecdote, Rachel!!!
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Rachel
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PostPosted: Fri Dec 17, 2010 9:28 am    Post subject: Reply with quote

Sadly, Colin, no we didn't - we ended up back at home with a mug of Horlicks and the Royal Variety Show thing.... It was warm though. Smile
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ColinB
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PostPosted: Fri Dec 17, 2010 9:35 am    Post subject: Reply with quote

Rachel wrote:
Sadly, Colin, no we didn't - we ended up back at home with a mug of Horlicks and the Royal Variety Show thing.... It was warm though. Smile


We live right alongside the Grand Union Canal (no - Milton Keynes isn't a concrete jungle, by the way!) which is frozen solid at the moment. It's nice to walk out of the front door and then along the towpath for about a mile. Conveniently, there's a pub there! After a couple of beers, we then cross over the bridge and come back on the other side.

I'm not a Horlicks drinker at all, so I have to find a substitute to warm me up - like a good brandy!!!
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