There Is a Crowdfunding Campaign for a Greek Bailout
If you haven't been keeping up with the headlines, Greece is currently in some financial hot water. The country will probably be unable to afford its €1.6 billion International Monetary Fund loan payment due tomorrow, and if they default, that could have some serious repercussions for the rest of the world. In anticipation of Greece's nonpayment, stocks have already fallen in Europe and Asia, as well as in New York.
British visionary Thom Feeney has a plan to make this problem go away: a crowdfunding campaign intended to bail the needy country out of debt. The seemingly-futile project is currently on Indiegogo and has a long, long way to go until it reaches its goal of €1.6 billion.
"All this dithering over Greece is getting boring," Feeney writes on his campaign's page. "European ministers flexing their muscles and posturing over whether they can help the Greek people of not. Why don't we the people just sort it instead?"
Potential rewards, depending on your level of support, include a postcard from the Prime Minister, an olive and feta salad, wine, and a Greek island.
Of course, Greece needs a lot more than just the funds required to repay the I.M.F. to pick itself out of debt. (We're also fairly skeptical that Feeney will be able to get his hands on an island to reward one very generous donor.)
If you're thinking about contributing, the pressure's on: the equal-parts-silly-and-depressing campaign has yet to raise even one percent of its stated goal.