The Greek Economy explained to the Novice

A TALE OF TWO COWS...

You have two cows borrowed from the French and German banks.

You eat both of them.

The banks call for their milk, but you cannot deliver so you call the IMF.

The IMF loan you two more cows.

You eat both of them.

The banks and the IMF call to collect their milk, but...

...You are out getting a haircut.