Paying off Greece's debt - via crowd-funding

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Reuters LONDON
Last Updated : Jun 30 2015 | 9:57 PM IST

LONDON (Reuters) - Help is at hand for the indebted Greek people: a bailout fund has been set up for them on crowd-funding website Indiegogo.

The campaign goal is to raise 1.6 billion euros ($1.8 billion), the same amount Greece was expected to fail to pay the International Monetary Fund on Tuesday. By mid-afternoon, 120,302 euros had been pledged by 7,550 funders.

As with most crowd-funding campaigns, there are gifts for those who pledge. Pledge 3 euros and get a postcard sent from Greece of Prime Minister Alexis Tsipras. Pledge 6 euros and get a feta and olive salad, 10 euros to get a small bottle of ouzo and 25 euros to get a bottle of Greek wine.

The campaign insists it is not a joke.

"I was fed up of the Greek crisis going round in circles, while politicians are dithering, this is affecting real people," campaign organiser Thom Feeney writes on the site.

(Reporting by Jeremy Gaunt; Editing by Mark Trevelyan)

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First Published: Jun 30 2015 | 9:49 PM IST

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