On June 29, Londoner Thom Feeney launched the “Greek Bailout Fund” crowdfunding campaign on the website indiegogo, calling for donations to save the Greek economy. Feeney’s goal was to raise the €1.6 billion Greece needed to pay to the International Monetary Fund (IMF).
Feeney, who says Greece would be better off letting “the people” decide its fate rather than European ministers, managed to raise €1.31 million in five days.
Decided to solve the Greek Debt Crisis via crowdfund. All I need is for everyone in EU to buy a Feta and Olive salad https://t.co/vOXKyBOJhZ
— Thom Feeney (@ThomFeeney) June 28, 2015
"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," Feeney wrote on his crowdfunding page.
“€1.6 billion is what the Greeks need. It might seem like a lot but it's only just over €3 from each European. That's about the same as half a pint in London. Or everyone in the EU just having a Feta and Olive salad for lunch,” he added.
Feeney offered some bonus gifts to investors - a €3 investment for a postcard of Greek Prime Minister Alexis Tsipras, €25 for a bottle of Greek wine and €5000 for a Greek holiday for two, for which so far five people are eligible.