It is a slow day in a little Greek village. Always is. The rain is beating down and the streets are deserted. Times are tough, everybody is in debt and everyone lives on credit.
Today a German tourist is driving through, stops at the inn and lays a €100 note on the desk, telling the proprietor he wants to inspect the rooms upstairs in order 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 feed store.
The storekeeper takes the €100 note and runs to pay his bar tab at the taverna.
The owner slips the money along the bar to the local prostitute who has been facing hard times and providing her services on credit.
The hooker then rushes to the inn with the €100 note and pays off her room bill to the owner.
He then replaces the €100 note on the counter so the German will not suspect anything. At that moment the traveller comes down the stairs, saying the rooms are unsatisfactory, pockets the money and leaves town.
No one produced anything. No one earned anything. But the whole village is now out of debt and looking to the future with a lot more optimism.
And that, ladies and gentlemen, is how the Greeks will settle their Eurozone debts
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