As Greece falls in arrears, one man wants to crowdfund €1.6 billion payment

British campaign organizer: “Right come on guys, let's just get this shit sorted.”

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[bruins01]

yester64[/url]":1o0av8vz]Nice idea, but i think it would not help to get that country back on its feet.
It seems to me that the nation needs to be reconstructed from its core to get rid of corruption, getting a working bureaucracy and write the bailout off as a loss and structure the burden fairly between all residents. This would mean some bold moves from within Greece.
Just pumping money in will certainly not fix the problem. Still, the idea is nice.

This is not about pumping money into Greece. Any additional money given to Greece will immediately leave Greece and be given to its creditors. In exchange for this "generosity" Greece must agree to ever-harsher austerity measures, measures which are not improving the economic situation in the country and that will guarantee that they will be in this exact same situation the next time Greece can't meet its debt obligations, which will be very soon. This is an endless cycle that will persist as long as the Troika insist on imposing austerity measures (the justification for which is EXTREMELY flimsy, if not downright fallacious) and Greece accepts the deal.

This is the first time Greece has gotten this close to breaking the cycle. Breaking the cycle would, if the Troika's threats are to be believed, necessitate Greece abandoning the Euro.