A few years ago, an audience member joked at an Apple investor conference that Apple should use its $194 billion to buy Greece. Now, Greece had closed its banks for the week in an effort to scrape together a large debt interest payment owed to the International Monetary Fund.
While Apple CEO Tim Cook said that Apple has never looked into buying a country, its cash pile continues to grow while Greece continues to panic.
See protests from around the country:
Bloomberg's Leonid Bershidsky has determined that Apple, Microsoft, Google Pfizer and Cisco have a combined $438 billion USD between them. Thus, if they used half of that value to bail out Greece, Greece's debt problem would be cut to 70 percent of its GDP.
While Apple, Microsoft, Google Pfizer and Cisco keep most of their money outside of the United States to avoid the 35 percent tax hit, the large tech companies would benefit from bailing out Greece by getting a nice tax deal in return.
Not only would Greece have a more manageable debt, but it would also become home of the Apple, Microsoft, Google Pfizer and Cisco headquarters.
People are posting their opinions about Apple buying Greece on Twitter.
Greece GDP is $ 250 billion USD-population 1.1 cr
APPLE has $280 Billion USD cash in its balancesheet
Should Apple buy Greece?#JustAsking
— Loose_Bull 🇮🇳 (@loosebool) June 29, 2015
Do you think Apple should buy Greece? Share your thoughts in the comments!
Watch this video for more information about Greece's state of debt:
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