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Comment by lucaspiller | Hacker News Reader

For anyone who hasn't seen it yet, there is a crowdfunding campaign on Indiegogo to pay-off the debt. If everyone in Europe contributed, it would be around €3 each. The campaign has raised over €150,000 today:

https://www.indiegogo.com/projects/greek-bailout-fund/x/1873...

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It's a nice thought ... but €3 each covers the immediate payment needed.

Total Greek debt is €323 B [1] and there are 503 million inhabitants in the EU, making 'pay-off the debt' more like €642 per inhabitant

For context total EU sovereign debt [2] is €24,415 per inhabitant

[1] http://www.bbc.com/news/world-europe-33325886 [2] http://www.eudebtclock.org/

That really puts the scale of the problem in a new perspective for me. That's $715 (at the current exchange rate) for every person on the continent just for the debt of one tiny little corner of it.

Err, Greece is in the hole for a THIRD OF A TRILLION euros. That's 1.5 years of their entire GDP. This fund is just for the immediate payment. That's on top of running in the red budget-wise sans austerity.

Oh man, would this be even possible? That is a lot of money. I'm gonna pitch in but this needs some serious traction.

Wouldn't it be amazing though? Imagine what a breakthrough it would be, this sort of worldwide collaboration, it would be very empowering to common people.

I'm not sure why I'm getting so down-voted, maybe a little bit naive, but I thought I made clear I know it's a long shot, that much is clear, but given that, what isn't true about the rest of my statement?

that is definitely some sort of trolling.

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