02:02UK: Meet the Londoner who's trying to crowdfund a Greek bailout
Thom Feeney, who started crowdfunding a Greek bailout via crowdfunding platform Indiegogo, had managed to collect more than €1.80 million ($1.98 million) by Sunday, the day of the Greek referendum. With 37 hours left at the time of writing the goal of raising €1.6 bln ($1.76 billion) appears to be unreachable, yet Feeney was impressed by how much support he had managed to drum up for his intiative.
"There’s 500 million people in Europe and that equated to just three Euros nineteen each - so I thought for around about the same price as a cup of coffee in London, they might be able to raise all that money," Feeney said. In total 104,502 people from across Europe raised the €1,848,366 in eight days.
On Sunday, the Greek people voted in a referendum on whether to accept a new bailout package and the connected austerity measures of the Troika (ECB, EC, IMF). The Greek government closed the country's banks on Monday, as well as imposing limits on cash withdrawals until July 6, the day after the crucial vote. A 'No' by the Greek people in Sunday's referendum would reject new austerity measures that are demanded by Greece's creditors, while a 'Yes' would accept the institutions' conditions for a new Greek bailout package.
02:02Thom Feeney, who started crowdfunding a Greek bailout via crowdfunding platform Indiegogo, had managed to collect more than €1.80 million ($1.98 million) by Sunday, the day of the Greek referendum. With 37 hours left at the time of writing the goal of raising €1.6 bln ($1.76 billion) appears to be unreachable, yet Feeney was impressed by how much support he had managed to drum up for his intiative.
"There’s 500 million people in Europe and that equated to just three Euros nineteen each - so I thought for around about the same price as a cup of coffee in London, they might be able to raise all that money," Feeney said. In total 104,502 people from across Europe raised the €1,848,366 in eight days.
On Sunday, the Greek people voted in a referendum on whether to accept a new bailout package and the connected austerity measures of the Troika (ECB, EC, IMF). The Greek government closed the country's banks on Monday, as well as imposing limits on cash withdrawals until July 6, the day after the crucial vote. A 'No' by the Greek people in Sunday's referendum would reject new austerity measures that are demanded by Greece's creditors, while a 'Yes' would accept the institutions' conditions for a new Greek bailout package.