Tuesday, September 05, 2006

Finance 101 for the Eurodhimmis

The Europeans are back:

The European Union said Friday it has begun paying "social allowances" to 625,000 Palestinians left unpaid and impoverished because of the financial crisis besetting the Hamas-led Palestinian government.

The EU is funneling some US$771,000 a month through the program, launched in July for a three-month period. [EU External Relations Commissioner Benita] Ferrero-Waldner said she hoped a review this month would result in its continuation.

"We have kept our promise to help relieve the suffering of the Palestinian people during the current crisis," she told reporters.
Lesson 1 for the Eurodhimmis is to understand the fungibility of money.
Ismail has $10m. He does not have enough to (a) pay the wages of his people and (b) pay for the explosives, weapons and ammunition. He must make a choice.

Just then, there's a knock on the door and in walks Benita with a wad of cash.
Complete the story.

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