Wednesday, July 1, 2015

Crowdfunding Greece

The Greek debt crisis reached a new level when Greek Prime Minister Alexis Tsipras claimed that the international bailout deal was blackmail. However, one optimistic Londoner has decided that the Greek debt crisis can be resolved through crowdfunding. The Greek Bailout Fund, which was started on Indiegogo by Thom Feeney, is a an effort to raise the €1.6 billion necessary to repay the Greek national debt. As this is written, the campaign has raised about €1.2 million, or less than one percent of the necessary amount.