Tuesday, November 1, 2011

New Debt Reduction Strategy - Life's a joke

Dear Reader,

Usually Glynsky and Pete provide the jokes here on diablog. And for your sake we will keep it that way. But sometimes the best jokes are in the news.

Maybe you read, that a few days ago Germany claimed to have 55 Billion EUR less in debt, thanks to a counting error. Yes, your eyes are fine, they miscounted this number

55,000,000,000. 

That's more than two percentage points of its total debt. Naturally that was brilliant news - for Germany and its credit rating.

Today, Ireland followed. The government claims to have miscounted its debt too. They could not aim as high as Germany, but they came up with 3.6 Billion EUR, that's 3,600,000,000 or roughly 2.3 % of the Irish GDP.


The next country with an erroneous debt calculation coming up in 10 ... 9 ... 8 ...


I am contemplating that strategy for my next bank meeting.

Stay entertained,
Engine Room

10 comments:

Glynsky said...

Sorry ER, it's debt.

Engine Room said...

Yes, Master,

Thanks, Master. Fixed, Master.

ER

Pete said...

You will all be pleased to know that not unlike Germany and Ireland, I found 7 Euro down the side of my sofa today.

Engine Room said...

And that will o towards funding the next board meeting? Splendid times are ahead of us. We will indulge in heavenly food and drinks, I guess.

Or maybe not.

ER

Pete said...

There is no point in trying to con you about the standard of food you may or may not receive at the next AGM.
Funnily enough I have not returned to the Cafe Listeria since your last critique of this establishment.

However you are more than welcome to put my new found wealth into the Diablog entertainment pot.

Engine Room said...

Sorry, if I spoiled that place for you. Here are other choices:

http://www.hauteliving.com/2010/12/pastrami-on-rye-the-top-5-delis-in-london/

The Top 5 delis in London according to haute living.

ER

Pete said...

That particular venue belongs to Glynsky not me.
I believe that he is a substantial shareholder in that particular venue so he may try and force you into a re-visit.

Engine Room said...

No way, he could not drag me into that place, if his life depended on it.

The next venue is for you to pick. Please. Pretty Please!

ER

Pete said...

OK as you asked so nicely leave this one with me.
Do you know when we will have the honour of next seeing you in the UK?

Glynsky said...

Me too, me too - they are just opening a new Starbucks at the end of the road.