2/13/12

Euro-land: A cautionary tale



The Mayor of a Greek town visited a Spanish town. When he saw the mansion belonging to the Spanish mayor he wondered how he could afford such an extravagant house. The Spaniard said; "You see that bridge over there? The EU gave us a grant for a four-lane bridge, but by building a single lane bridge with traffic lights at either end this house could be built." The following year the Spaniard visited the Greek town. He was simply amazed at the Greek Mayor's palatial house, gigantic rooms, gold faucets, marble floor. When he asked how it was paid for the Greek said: "You see that bridge over there?" The Spaniard replied; "No."