This site uses cookies. By accepting cookies you can optimise your browsing experience. Read more.
UK: Meet the Londoner who's trying to crowdfund a Greek bailout02:02

UK: Meet the Londoner who's trying to crowdfund a Greek bailout

United Kingdom, London
July 5, 2015 at 00:52 GMT +00:00 · Published

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.

UK: Meet the Londoner who's trying to crowdfund a Greek bailout02:02
No Account? Sign up!
Description

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.

Top downloads in last 24 hours
01:42
Canada: Niagara Falls partially freezes as winter storm brings bitter coldCanada: Niagara Falls partially freezes as winter storm brings bitter cold
February 23, 2021 at 23:47 GMT +00:00
Pool for subscribers only
01:45
Germany: Syrian man convicted of crimes against humanity in landmark German trialGermany: Syrian man convicted of crimes against humanity in landmark German trial
February 24, 2021 at 10:18 GMT +00:00
06:04
Iranian champion weightlifting youth dreams of future Olympic titleIranian champion weightlifting youth dreams of future Olympic title
February 24, 2021 at 09:12 GMT +00:00
01:59
Japan: Dozens of households told to leave as wildfire spreads through Mount RyogaiJapan: Dozens of households told to leave as wildfire spreads through Mount Ryogai
February 24, 2021 at 16:23 GMT +00:00
04:31
No money for the gym? No problem - This Chinese fitness expert will help you work out your workout issuesNo money for the gym? No problem - This Chinese fitness expert will help you work out your workout issues
February 24, 2021 at 07:27 GMT +00:00
02:31
USA: Father-son duo invent desk to protect children during school shootingsUSA: Father-son duo invent desk to protect children during school shootings
February 24, 2021 at 10:41 GMT +00:00
04:55
Don't have a cow, man! The Indian harvest festival taking the bull by the hornsDon't have a cow, man! The Indian harvest festival taking the bull by the horns
February 23, 2021 at 11:57 GMT +00:00
Pool for subscribers only
00:06
Ukraine: Pedestrian hit and injured by block of falling ice in KievUkraine: Pedestrian hit and injured by block of falling ice in Kiev
February 24, 2021 at 07:31 GMT +00:00
02:06
Spain: Protesters throw bottles at police in Barcelona as unrest over rapper's jailing continuesSpain: Protesters throw bottles at police in Barcelona as unrest over rapper's jailing continues
February 24, 2021 at 02:58 GMT +00:00
02:17
Ukraine: Clashes erupt between nationalist protesters and police outside president's office in KievUkraine: Clashes erupt between nationalist protesters and police outside president's office in Kiev
February 23, 2021 at 22:18 GMT +00:00
02:47
Armenia: Protesters block traffic in Yerevan street at rally against PM PashinyanArmenia: Protesters block traffic in Yerevan street at rally against PM Pashinyan
February 23, 2021 at 23:13 GMT +00:00
Pool for subscribers only
01:08
Spain: Firefighters rescue dog trapped between rocks in PizarraSpain: Firefighters rescue dog trapped between rocks in Pizarra
February 24, 2021 at 00:04 GMT +00:00
03:28
Italy: Entertainment workers call for govt to help sector at Rome protestItaly: Entertainment workers call for govt to help sector at Rome protest
February 24, 2021 at 04:50 GMT +00:00
Pool for subscribers only
02:29
New Zealand: 40 beached pilot whales cared for by volunteers but concerns remainNew Zealand: 40 beached pilot whales cared for by volunteers but concerns remain
February 23, 2021 at 13:24 GMT +00:00
02:16
Georgia: Thousands protest in Tbilisi after arrest of opposition leaderGeorgia: Thousands protest in Tbilisi after arrest of opposition leader
February 23, 2021 at 16:31 GMT +00:00
03:13
UAE: STREIT Group unveils electric armoured vehicle at Abu Dhabi arms expoUAE: STREIT Group unveils electric armoured vehicle at Abu Dhabi arms expo
February 23, 2021 at 17:13 GMT +00:00
Pool for subscribers only
00:59
Guatemalan football player takes simulation to new level faking he was hit by objectGuatemalan football player takes simulation to new level faking he was hit by object
February 23, 2021 at 19:06 GMT +00:00
Pool for subscribers only
04:41
Germany: Berlin zoo welcomes first baby gorilla in 16 yearsGermany: Berlin zoo welcomes first baby gorilla in 16 years
February 23, 2021 at 19:18 GMT +00:00
View all videos