It is August. In a small town on the South Coast of France, holiday seasonis in full swing, but it is raining so there is not too much businesshappening. Everyone is heavily in debt. Luckily, a rich Russian touristarrives in the foyer of the small local hotel. He asks for a room and putsa Euro100 note on the reception counter, takes a key and goes to inspectthe room located up the stairs on the third floor.
The hotel owner takes the banknote in hurry and rushes to his meat supplierto whom he owes E100.
The butcher takes the money and races to his wholesale supplier to pay hisdebt.
The wholesaler rushes to the farmer to pay E100 for pigs he purchased sometime ago.
The farmer goes quickly to the hotel, as he owed E100 the hotel for usinghotel room for some family function in past.
At that moment, the rich Russian is coming down to reception and informsthe hotel owner that the proposed room is unsatisfactory and takes his E100back and departs.
There was no profit or income. But everyone no longer has any debt and thesmall town people look optimistically towards their future.
COULD THIS BE THE SOLUTION TO THE Global Financial Crisis?