A friend of mine in Spain, Miguel, sent me this little story about how the economy works in Spanish small towns. I thought it might give you a chuckle so I have translated it here for you.
Once upon a summer…
“It’s August in a small town on the coast in the middle of tourist season; it rained torrents and after a couple of days the town was deserted. Everyone had bills and lived on credit. Finally, a well-heeled Russian gangster appeared and entered into the only hotel in the town.
“He asked for a room, put a $100 bill on the receptionist’s desk and went to check out the available rooms to see if he wanted to stay there.
“The hotel owner grabbed the money and left running to pay his bill at the butchers. The butcher took the money and ran to pay his bill to the pig farmer. In his turn the farmer ran to pay what he owed to the feed store. The owner grabbed the $100 bill and ran to pay his debt to Maria, the prostitute. In times of crisis even she offered services on credit. The prostitute with the $100 in hand went to the small hotel where she took was taking her clients and handed the money over to the hotel owner.
“In that moment the Russian gangster who was looking at the hotel room came back to the receptionist’s desk. He said that none of the rooms were attractive enough for him, he took his $100 bill back and left.
“No one earned even a penny but now the whole town was without debt and looked to the future with confidence.”
And there you have it..