Friday, April 13, 2012

Greek ingenuity!

I picked up the following in the internet.

A Greek walks into a bank in New York City and asks for the loan officer. He tells the loan officer that he is going to Greece on business for two weeks and needs to borrow $5,000.

The bank officer tells him that the bank will need some form of security for the loan, so the Greek hands over the keys to a new Ferrari. The car is parked on the street in front of the bank. The  Greek produces the title and everything checks out.

The loan officer agrees to accept the car as collateral for the loan. The bank's president and its officers all enjoy a good laugh at the Greek for using a $250,000 Ferrari as collateral against a $5,000 loan. An employee of the bank then drives the Ferrari into the bank's underground garage and parks it there.

Two weeks later, the Greek returns, repays the $5,000 and the interest, which comes to $15.41. The loan officer says, "Sir, we are very happy to have had your business, and this transaction has worked out very nicely, but we are a little puzzled. While you were away, we checked you out and found that you are a multimillionaire. What puzzles us is, why would you bother to borrow $5,000?"

The Greek replies: "Where else in New York City can I park my car for two weeks for only $15.41 and expect it to be there when I return?"

Be honest: you can't deny that a Greek might have pulled off something like that, can you?

Why can't Greeks living in Greece channel their impressive creative talents, their supreme skills at improvisation, etc., etc. - why can't they channel those competitive strengths into constructive and positive endeavors?


  1. :)))

    Forget about the greeks.

    Spain is the new black! And ECB will be buying again debt. At the price of inflation.


  2. And how did your multi-millionaire Greek make his money, taking brown envelopes from foreign arms dealers, running liberty ships under flags of convenience, not paying taxes etc etc.

    Only the few like your multi-millionaire friend will benefit from subterfuge. The Greeks who should be encouraged are those prepared to put in a good days work for a fair days pay. Oh, but they all emigrated decades ago, all that's left now are the lazybones and cheats.

    If EU thinks Spain can be saved by chucking Greece under the bus, then that's what will happen, but it won't, save Spain that is.

    The US will go to any length, including war, to ensure that the US$ remains the worlds sole reserve currency. Europe wont prosper whilst ever the US sees its common currency as a threat to the almighty dollar.