The Death of the Euro

Beware Greeks Taking Gifts

Watching bankers and politicians is better than going to the movies.

How about the ECB (European Central Bank) playing games with the euro? How about that well-known music hall act Pressy Sarkozy? Didn’t he put on a great show? Wow, what a buffoon, maybe the best clown in the business. I wonder what he charges.

So, how can I sum up what happened at the euro summit? Let’s tell it like it really is.

Once upon a time there was a bunch of well-dressed, nicely spoken gents, and a few girls as well. They all went down to the pub, and drank themselves silly. “Put it on the slate” shouted one. As they all looked well dressed and respectable, the barman duly put it on the slate.

Come closing time the barman asked for the bill to be settled. Somewhat startled (the Greek was even enraged at being asked for money) the folks emptied out their pockets, but their pockets were bare. Now the barman was enraged, and he threatened to call the police.

So what did our bunch of down-and-outs do? They sat down at a table, called for pen and paper, and each of them wrote the others an IOU. They then tried to pay the bill with their nice new IOUs.

The barman was still enraged, so the reluctant lady in the band turned to her mate and after a hurried whisper, he went out to the loo. He sat on the bog, and got out his Happy Fritz Printing Outfit, and started frantically printing 500 euro notes.

Sometime later he emerged looking a bit haggard. By now the barman had lost all hope of ever being paid, and had drowned his sorrows in Special Brew. In that state he stupidly accepted all these new wet bank notes, even smiled, and waved the party good night.

Everybody slept soundly. Some even smiled in their sleep. However, as the days went by the barman paid his wages and the brewery in these new smudgy notes. Imagine his surprise when the brewery didn’t like the notes and threatened not to do any more business with the pub. Then the waiters, and kitchen staff found no-one would accept their hastily printed notes either, so they got a job elsewhere.

Now the nicely spoken gents and a lady are not so welcome when they go out drinking. Now the pub is bankrupt, and the electricity has been cut off.

Welcome to the new Europe and its dodgy currency.

john

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