Crowdfunding the Greek Bailout

Not going to work in the least but top marks for effort:

Let’s just get Greece sorted
All this dithering over Greece is getting boring. 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?

The European Union is home to 503 million people, if we all just chip in a few Euro then we can get Greece sorted and hopefully get them back on track soon. Easy.

What We Need & What You Get
€1.6bn is what the Greeks need. It might seem like a lot but it’s only just over €3 from each European.

19 thoughts on “Crowdfunding the Greek Bailout”

  1. And after bank charges…
    I’ve often thought of sending my enemies trivial sums, but they to pay the transfer fees.

  2. This is why all socialist ideas are so utterly brilliant and without drawback. The cost per person is always minimal but the cumulative benefit immense.

  3. The Graun have a “100 greeks” thing today. Apart from the fact that some of them have degrees in underwater basket weaving, there’s a lot of people complaining that rents are still high, but no-one has any money. Someone said “sometimes, I come home and there’s nothing in the fridge” and I’m thinking, well, is that because no-one went shopping?

    Anyone know what the real situation is in Greece? Are they close to Bob Geldof intervening or is it more like that they can’t afford new iPads?

  4. The Meissen Bison

    Are they close to Bob Geldof intervening

    Do you mean like “Give us your f***ing money”?

    Cui Bono?

  5. All they’re going to prove is that they have no idea what a huge sum of money EUR 1.6bn actually is. Even if someone offered a million euros, they still wouldn’t yet (EUR 200,000 at time of writing) be over the 1% mark.

    It’s orders of magnitude, people: they multiply.

  6. The BBC have an article where they interviewed some Greek pensioners. Surprise surprise, at least one of them blamed David Cameron. Another blamed the lenders for giving them the money.

  7. Then there’s the minor detail that the money’s needed in a few hours, and the crowdfund doesn’t end till next week…

  8. That’s just tonight’s €1.6bn payment; there’s still the small matter of the remaining €240bn owed to the troika.

  9. Bloke in North Dorset

    The Stigler,
    The Graun have a “100 greeks” thing today. Apart from the fact that some of them have degrees in underwater basket weaving, there’s a lot of people complaining that rents are still high, but no-one has any money. Someone said “sometimes, I come home and there’s nothing in the fridge” and I’m thinking, well, is that because no-one went shopping?

    Anyone know what the real situation is in Greece? Are they close to Bob Geldof intervening or is it more like that they can’t afford new iPads?
    There’s a long running discussion on the Yachting and Boating World Lounge Forum that is currently 2,865 comments long, most of them very informative and not even a nod to Godwin.

    There’s a number of ex-pats contributing and from what they say its a lot worse than is being made out even in the Guardian. Most of them are in the Islands and I suspect that most churnalists don’t get past Athens. One runs a sailing business and says that her suppliers are really hurting.

    There’s also a guy who appears to be quite connected to the financial goings on as well.

    If you’re minded its titled Greece ups the anti! You have to be signed up so the links won’t work.

  10. Bloke in North Dorset

    I suppose we might as well chip in a few Euros for the Spanish as well because they don’t like austerity either. The Italians and French are struggling as well so that’s a few more Euros. And the Irish have really suffered so we ought to help them. And we should add the Portuguese to improve the quality of life for Tim.

    On the other side of the ledger there’s no point in the Greek, French, Spaniards, Portuguess, Italians or Irish contributing. And those countries that didn’t join the Euro can be excused this cash call because they weren’t stupid.

    So who does that leave? Looks like Germans have been shafted, again.

  11. The problem here is that Greece has an unsatisfactory credit rating, and so her banks can’t just produce the money.

    The solution is pretty simple. The UK should absorb Greece, with Prince Phillip as Governor (which would be a nice touch).

    Greece would now share in our credit rating. Our banks would then produce the 240 billion (if that’s right) required to pay off the troika, plus however much else might be needed to get things back on the up-and-up.

    Our banks would not get the 240 billion back of course, but would rake in the interest, so win-win. The debt can just be written-off at a suitable time in the future. This would be thin-air money, so not an issue.

    Meanwhile, Greece would boom, and we could enjoy a few thank-you’s (settle the Elgin Marbles dispute, preferential access to sun-loungers, etc).

    Greek Independence would be granted at a suitable time.

    It’s all very obvious.

  12. I ws impressed to see that they’d actually managed to raise 459 000 Euros off 29 000 idiots. Which is… 0% of the 1.6 billion Euros.

  13. All they’re going to prove is that they have no idea what a huge sum of money EUR 1.6bn actually is.

    You’re right there, and they’re not alone. Our company is currently trying to cut costs and reduce expenditures in the order of $5-10bn. Senior managers are proudly pointing out cuts in the order of $500k. Which is like your teenage son owing £1,000 on his credit card and being happy he’s found 10p in his jeans pocket.

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