It is a slow day in a damp little Irish town. The rain is beating down and the streets are deserted. Times are tough, everybody is in debt, and everybody lives on credit. 

On this particular day a rich German tourist is driving through the town, stops at the local hotel and lays a €100 note on the desk, telling the hotel owner he wants to inspect the rooms upstairs in order to pick one to spend the night.

No one produced anything. No one earned anything. However, the whole town is now out of debt and looking to the future with a lot more optimism.

And that, Ladies and Gentlemen, is how the Irish debt reduction package works!!!.

ITS.A.JOKE.PEOPLE

Originally Posted On Humor.Philpin.com - a now defunct site. I moved the content here for posterity. The date of this post is the date that it was originally published on that site.