| A discussion of a financial crisis
            in three paragraphs. Once upon a time there was a village. In the
            village there was a well. The well provided the village with
            all its water supplies and consequently was well-used by the
            villagers. Occasionally in a drought it would dry up, causing
            considerable hardship to the villagers in the process. They had
            to get their water from a nearby river. Various attempts by village
            mayors to resolve this problem failed, though after a long spell
            of wet summers and considerable expenditure on the well one of
            them claimed to have solved the problem forever. The following year there was a drought and
            the well dried up anyway, leaving the mayor looking a bit silly
            and in urgent need of a face-saving solution. This turned out
            to involve paying some unemployed locals to carry water up from
            the river to pour down the well, thus making it seem nice and
            full and keeping everyone broadly happy. However, the mayor then
            went and died; he was replaced by a fresh-faced chap who disagreed
            with refilling the well on the grounds that it rather negated
            the point of having it if the water was only available because
            various people were, at enormous expense, carrying it up from
            the river. The well then proceeded to dry up again. This
            was largely because the spring had failed to restart after the
            drought. Examinations are being made to see if the expenditure
            on the well involved making it watertight. Meanwhile the villagers
            are having to bring their water up from the river. Fingers are
            being crossed that the well will refill of its own accord once
            water stops being poured into it while the former water-carriers
            are paid to stay at home. There are mutterings about the logic
            of this. |