Stop crowdfunding the Greek bailout, start funding Greek indy media: Press Project

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One of the biggest story this week, in crowdfunding circles and international news in general was an Indiegogo campaign started by a British shoesalesman to bailout Greece that has raised more than €2 million.

That’s wrongheaded, said independent news outlet The Press Project. However well intentioned, the crowdfunding campaign to raise €1.5 billion is unlikely to succeed. If you really care about helping Greece and want to affect change, support independent media in the country lowest on the press freedom index in Europe, they said.

Greek Finance Minster Yanis Varoufakis agrees.

We appeal to you, if you really are interested in Greece, please strengthen our efforts to create independent media. Journalism must express the interests of the many rather than the oligarchs. Information is one of the main pillars of democracy. The informed citizen is powerful.

A referendum to decide the fate of the nation’s debt will take place Sunday. The bailout Indiegogo campaign ends Tuesday.

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Khari Johnson
Khari is founder and editor of Through the Cracks: Crowdfunding in Journalism. He also writes about bots and artificial intelligence for VentureBeat. He has built news startups in the U.S. and Europe for the last decade.

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