Crowdfunding Campaign To Pay Greece Debts Started On Indiegogo


Indiegogo Greece ProjectYou may have heard in the news about the financial problems facing Greece. Greece owes money to creditors (Troika) who include IMF, ECB and others but cannot afford to pay these creditors. The creditors have imposed strict cost cutting measures for the last five years and are asking for more austerity measures to ensure the debt is brought down and then offer Greece a tranche of bailout funds.

Now, a British man has started a crowdfunding campaign  to pay off Greece’s debt  of £1.1 billion due to the IMF today (Greece has confirmed it will default on the payment). 29-year-old Thom Feeney has set up a crowd sourcing page asking people to “chip in a few Euro then we can get Greece sorted and hopefully get them back on track soon” said a message posted on crowdfunding site Idiegogo.

The project has so far raised 90,000 euros out of the required 1.6 Billion Euros with 5,889 people contributing.  Thom said he was fed up with the dithering over Greece. “European ministers are flexing their muscles and posturing over whether they can help the Greek people or not. Why don’t we the people just sort it instead?”reads the campaign page.

Anyone who backs the scheme by pledging €3 will get a postcard sent from Greece of Alex Tsipras, the Greek Prime Minister. The plan is to get the postcards made and posted in Greece to boost local printers and post offices. Pledgers of €6 will get a greek Feta and Olive salad. Those who pledge  €10 will get a small bottle of Ouzo sent to them while pledging €25 gets you a bottle of Greek wine.

Go on, Pledge here.