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INReview INReview > The Scuttlebutt Lounge > The World > German Council Needs Lotto to Stay Afloat
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schmiggens
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German Council Needs Lotto to Stay Afloat post #1  quote:



Councillors play lottery in attempt to clear town's debt

Local officials in a small German town are banking on a lottery win to keep the local council from going bust.

Town councillors in Blumberg near the Swiss border say their community of 10,660 residents has one of the largest debts in Germany, at £1,700 per head.

The group of local politicians have now formed a lottery syndication, playing twice a week with their own money.

Local finance officer Thomas Lauble said: "The most important figures in my week are now the seven numbers drawn each Wednesday and Saturday in the national lottery."

In case of a big win the group has signed an agreement making it clear that any money gained from the lottery winner will go into the community treasure chest.

Councillor Birgit Friederich admits that a big win "cannot be factored into the community finances", but said a "few million euros would bring welcome relief".

- Ananova


Old Post 02-22-2005 08:24 AM
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schmiggens
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post #2  quote:

That sounds like something a lot of the local councils over here should start trying out!


Let's go with this freak show. It's outrageous.

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Old Post 02-22-2005 08:25 AM
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chodder
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post #3  quote:

Wow - Typical Germans to put the future of a town in the hands of the lottery. The chances of winning are so slim.


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Old Post 02-22-2005 05:58 PM
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mystic
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post #4  quote:

Why dont they take this money and invest it instead...the odds of making money are so much better.

This reminds me of a person who goes to the casino with their last few bucks hoping to win something more...but then they leave even more broke than when they walked in.

Silly.



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Old Post 02-22-2005 07:31 PM
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