Re: How Greek bail outs work.
Nice in theory Losos - BUT - what if the lady of the night thought she wouldn't pay her bill and decided to buy a new outfit for £50 and, some groceries for £25 and then leaves town quickly to find another room somewhere, putting the remainaing £25 down on a new room and promising the rest on credit which, again she doesn't intend to pay back. The hotel keeper would be left to explain to the rich German tourist that he had misappropriated his money. Would the rich German tourist have a claim on his hotel ? and take payment in kind, i.e. furniture and fittings (with an extra comfy bed thrown in as interest, of course)? - He would then end up becoming richer and happier, because he sold the furniture profitably - but for cash NOT on credit, of course) The poor old hotel keeper is the one who has just got poorer and may go out of business if he has no furniture or comfy bed for his guests. The lady of the night is temporarily better off being fed and clothed. Just a thought, but it gets a bit complicated don't itRe: How Greek bail outs work.
Bruce I have never heard of Clarke and Dawe, I guess they are the Australian equivalent of Bird and Fortune..Thread Tools | |
|