Apple's next project could involve buying Greece

Greek Debt Crisis: IMF Deadline Looms



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:
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Apple's next project could involve buying Greece
People gather in front of the White Tower, a city's landmark, in Thessaloniki on July 5, 2015, after early results showed those who rejected further austerity measures in a crucial bailout referendum were poised to win. Over 61 percent of Greek voters on July 5 rejected fresh austerity demands by the country's EU-IMF creditors in a historic referendum, official results from 50 percent of polling stations showed. AFP PHOTO /Sakis MitrolidisAFP PHOTO /Sakis Mitrolidis (Photo credit should read SAKIS MITROLIDIS/AFP/Getty Images)
People celebrate in Athens on July 5, 2015 after the first exit-polls of the Greek referendum. Over 60 percent of Greeks rejected further austerity dictated by the country's EU-IMF creditors in a referendum, results from 20 percent of polling stations showed. AFP PHOTO / LOUISA GOULIAMAKI (Photo credit should read LOUISA GOULIAMAKI/AFP/Getty Images)
Protesters chant slogans in front of the Greek parliament in central Athens, on June 29, 2015. Some 17,000 people took to the streets of Athens and Thessalonique to say 'No' to the latest offer of a bailout deal, accusing Greece's international creditors of blackmail. AFP PHOTO / LOUISA GOULIAMAKI (Photo credit should read LOUISA GOULIAMAKI/AFP/Getty Images)
Carrying banners calling for a 'NO' vote in the forthcoming referendum on bailout conditions set by the country's creditors, protesters gather in front of the Greek parliament in Athens, on June 29, 2015. Some 17,000 people took to the streets of Athens and Thessalonique to say 'No' to the latest offer of a bailout deal Monday, accusing Greece's international creditors of blackmail. AFP PHOTO / LOUISA GOULIAMAKI (Photo credit should read LOUISA GOULIAMAKI/AFP/Getty Images)
An anti-EU protester burns an EU flag in front of the European Comission offices in Athens on July 2, 2015, during a demonstration supporting the no vote for the upcoming referendum. Greece's government and international creditors raised the stakes on July 2 over a weekend referendum seen as decisive for the nearly insolvent EU country's political and financial future. While Prime Minister Alexis Tsipras has urged Greeks to vote 'No' to the austerity measures demanded by international creditors, opposition parties including the centre-right New Democracy are campaigning for a 'Yes' vote in the referendum on July 5. AFP PHOTO / Louisa Gouliamaki (Photo credit should read LOUISA GOULIAMAKI/AFP/Getty Images)
Riot police march alongside anti-EU protesters in front of the European commision offices in Athens on July 2, 2015, during a demonstration supporting the no vote for the upcoming referendum. Greece's government and international creditors raised the stakes on July 2 over a weekend referendum seen as decisive for the nearly insolvent EU country's political and financial future. While Prime Minister Alexis Tsipras has urged Greeks to vote 'No' to the austerity measures demanded by international creditors, opposition parties including the centre-right New Democracy are campaigning for a 'Yes' vote in the referendum on July 5. AFP PHOTO / Louisa Gouliamaki (Photo credit should read LOUISA GOULIAMAKI/AFP/Getty Images)
ATHENS, GREECE - JUNE 29: Demonstrators during a rally in Athens, Greece, 29 June 2015. Greek voters will decide in a referendum next Sunday on whether their government should accept an economic reform package put forth by Greece's creditor. Greece has imposed capital controls with the banks being closed untill the referendum. (Photo by Milos Bicanski/Getty Images)
ATHENS, GREECE - JUNE 29: Demonstrators during a rally in Athens, Greece, 29 June 2015. Greek voters will decide in a referendum next Sunday on whether their government should accept an economic reform package put forth by Greece's creditor. Greece has imposed capital controls with the banks being closed untill the referendum. (Photo by Milos Bicanski/Getty Images)
People sing the greek national anthem under a giant greek flag, during a pro-European demonstration in front of the Greek parliament in Athens on June 22, 2015. Greece's international lenders raised hopes for a vital bailout agreement this week to save Athens from default and a possible euro exit, despite warning no deal was likely at an emergency summit. AFP PHOTO / LOUISA GOULIAMAKI (Photo credit should read LOUISA GOULIAMAKI/AFP/Getty Images)
A protester bears on her wrist the ''NO'' slogan in reference to the forthcoming referendum on bailout conditions set by the country's creditors, during a demonstration in front of the Greek parliament in Athens on June 29, 2015. Greece shut its banks and the stock market and imposed capital controls after creditors at the weekend refused to extend the country's bailout past the June 30 deadline, prompting anxious citizens to empty ATMs. AFP PHOTO / ARIS MESSINIS (Photo credit should read ARIS MESSINIS/AFP/Getty Images)
ATHENS, GREECE - JUNE 22: A man waves a EU flag as pro-Euro protesters take part in a rally in front of the Parliament on June 22. 2015 in Athens, Greece. Thousends of people attended the rally in support of Greece remaining in the European Union. The Eurozone's 19 national leaders held an emergency summit in Brussels to discuss the crisis and welcomed new proposals from the Greek government after talks today to haul Athens back from the brink of bankruptcy. (Photo by Milos Bicanski/Getty Images)
Protesters participate a demonstration in front of the Greek parliament in Athens on June 29, 2015. Greece shut its banks and the stock market and imposed capital controls after creditors at the weekend refused to extend the country's bailout past the June 30 deadline, prompting anxious citizens to empty ATMs. AFP PHOTO / ARIS MESSINIS (Photo credit should read ARIS MESSINIS/AFP/Getty Images)
ATHENS, GREECE - JUNE 29: Demonstrators during a rally in Athens, Greece, 29 June 2015. Greek voters will decide in a referendum next Sunday on whether their government should accept an economic reform package put forth by Greece's creditor. Greece has imposed capital controls with the banks being closed untill the referendum. (Photo by Milos Bicanski/Getty Images)
Protesters demonstrate during a pro-European demonstration in front of the Greek parliament in Athens on June 22, 2015. Greece's international lenders raised hopes for a vital bailout agreement this week to save Athens from default and a possible euro exit, despite warning no deal was likely at an emergency summit on Monday. AFP PHOTO / ARIS MESSINIS (Photo credit should read ARIS MESSINIS/AFP/Getty Images)
Protesters demonstrate during a pro-European demonstration in front of the Greek parliament in Athens on June 22, 2015. Greece's international lenders raised hopes for a vital bailout agreement this week to save Athens from default and a possible euro exit, despite warning no deal was likely at an emergency summit on Monday. AFP PHOTO / ARIS MESSINIS (Photo credit should read ARIS MESSINIS/AFP/Getty Images)
ATHENS, GREECE - JUNE 29: Demonstrators during a rally in Athens, Greece, 29 June 2015. Greek voters will decide in a referendum next Sunday on whether their government should accept an economic reform package put forth by Greece's creditor. Greece has imposed capital controls with the banks being closed untill the referendum. (Photo by Milos Bicanski/Getty Images)
Leftist youth hold a placard reading 'No more recession, out of the eurozone' during a demonstration in Athens calling for Greece's exit from the eurozone on June 28, 2015. Greece weighed drastic banking restrictions to stave off a financial collapse as anxious Greeks emptied cash machines amid fears that banks will be closed this week. AFP PHOTO / LOUISA GOULIAMAKI (Photo credit should read LOUISA GOULIAMAKI/AFP/Getty Images)
Foreign anti-EU activists protest in front of the Greek parliament in Athens, during a demonstration calling for 'NO' at referendum and for Greece's exit from the eurozone on June 28, 2015. Greek Prime Minister Alexis Tsipras stunned Europe late Friday with a surprise call for a July 5 referendum on the latest cash-for-reforms package and advised voters against backing a deal that he said spelled further 'humiliation'..AFP PHOTO / LOUISA GOULIAMAKI (Photo credit should read LOUISA GOULIAMAKI/AFP/Getty Images)
ATHENS, GREECE - JUNE 22: Pro-Euro protesters take part in a rally in front of the Parliament on June 22. 2015 in Athens, Greece. Thousends of people attended the rally in support of Greece remaining in the European Union. The Eurozone's 19 national leaders held an emergency summit in Brussels to discuss the crisis and welcomed new proposals from the Greek government after talks today to haul Athens back from the brink of bankruptcy. (Photo by Milos Bicanski/Getty Images)
Protesters walk over stickers reading 'Better drachma than submission' during a demonstration calling for an exit from the eurozone and a 'No' vote in the upcoming referendum in Athens on June 28, 2015. Greece weighed drastic banking restrictions to stave off a financial collapse as anxious Greeks emptied cash machines amid fears that banks will be closed this week. AFP PHOTO / LOUISA GOULIAMAKI (Photo credit should read LOUISA GOULIAMAKI/AFP/Getty Images)
ATHENS, GREECE - JUNE 18: Pro-European Union protesters take part in a rally in front of the parliament on June 18, 2015 in Athens, Greece. Thousends people attended the rally in support of Greece remaining in the EU. About three-quarters of Greeks support keeping the EU's common currency, according to recent polls. Greece and creditors failed to reach an agreement Thursday in troubled bailout talks, with a June 30 deadline looming. .(Photo by Milos Bicanski/Getty Images)
Protesters participate in a demonstration calling for a 'No' vote in the forthcoming referendum on bailout conditions set by the country's creditors, in front of the Greek parliament in Athens on June 29, 2015. Greece shut its banks and the stock market and imposed capital controls after creditors at the weekend refused to extend the country's bailout past the June 30 deadline, prompting anxious citizens to empty ATM's. AFP PHOTO / ARIS MESSINIS (Photo credit should read ARIS MESSINIS/AFP/Getty Images)
A woman is seen through a banner during a demonstration to protest against EU austerity policies and in support of the Greek government in Thessaloniki on 17 June, 2015. All eyes are on a meeting of the 19 eurozone countries to take place on June 18 in Luxembourg, but several officials including Greek Finance Minister Yanis Varoufakis said they were not expecting a breakthrough there either. AFP PHOTO /Sakis Mitrolidis (Photo credit should read SAKIS MITROLIDIS/AFP/Getty Images)
A man holds a placard with a Greek flag during a demonstartion to protest against EU austerity policies and in order to support the Greek government in Thessaloniki on 17 June, 2015. All eyes are on a meeting of the 19 eurozone countries to take place on June 18 in Luxembourg, but several officials including Greek Finance Minister Yanis Varoufakis said they were not expecting a breakthrough there either. AFP PHOTO /Sakis Mitrolidis (Photo credit should read SAKIS MITROLIDIS/AFP/Getty Images)
Communist-affiliated protesters throw leaflets from atop the occupied Finance Ministry in central Athens during their rally against EU-IMF loan deal on June 11, 2015. The Greek government said it would 'intensify' efforts to resolve differences with its EU-IMF creditors to reach a deal that would give the country desperately needed bailout funds. AFP PHOTO / LOUISA GOULIAMAKI (Photo credit should read LOUISA GOULIAMAKI/AFP/Getty Images)
ATHENS, GREECE - JUNE 29: Demonstrators during a rally in Athens, Greece, 29 June 2015. Greek voters will decide in a referendum next Sunday on whether their government should accept an economic reform package put forth by Greece's creditor. Greece has imposed capital controls with the banks being closed untill the referendum. (Photo by Milos Bicanski/Getty Images)
A man holds a placard reading 'FMI+Troika=Criminals' as he protests in front of the European Commission headquarters in Barcelona during a demonstration in support of Greece, on June 29, 2015. Greece blindsided creditors on June 27, 2015 by calling a referendum for July 5 on the latest bailout proposal being offered to Greece, a move interpreted by its creditors as Athens' desire to break off negotiations. AFP PHOTO / LLUIS GENE (Photo credit should read LLUIS GENE/AFP/Getty Images)
A protester holds a Greek flag the ''NO'' slogan in reference to the forthcoming referendum on bailout conditions set by the country's creditors, during a demonstration in front of the Greek parliament in Athens on June 29, 2015. Greece shut its banks and the stock market and imposed capital controls after creditors at the weekend refused to extend the country's bailout past the June 30 deadline, prompting anxious citizens to empty ATMs. AFP PHOTO / ARIS MESSINIS (Photo credit should read ARIS MESSINIS/AFP/Getty Images)
ATHENS, GREECE - JUNE 22: Riot police stand with shields as pro-Euro protesters take part in a rally in front of the Parliament on June 22. 2015 in Athens, Greece. Thousends of people attended the rally in support of Greece remaining in the European Union. The Eurozone's 19 national leaders held an emergency summit in Brussels to discuss the crisis and welcomed new proposals from the Greek government after talks today to haul Athens back from the brink of bankruptcy. (Photo by Milos Bicanski/Getty Images)
A protester burns a five-euro banknote during a demonstration calling for an exit from the eurozone and a 'No' in the upcoming referendum in Athens on June 28, 2015. Greece weighed drastic banking restrictions to stave off a financial collapse as anxious Greeks emptied cash machines amid fears that banks will be closed this week. AFP PHOTO / LOUISA GOULIAMAKI (Photo credit should read LOUISA GOULIAMAKI/AFP/Getty Images)
Protesters take part in a demonstration in front of the Greek parliament in Athens on June 29, 2015. Greece shut its banks and the stock market and imposed capital controls after creditors at the weekend refused to extend the country's bailout past the June 30 deadline, prompting anxious citizens to empty ATMs. AFP PHOTO / Angelos Tzortzinis (Photo credit should read ANGELOS TZORTZINIS/AFP/Getty Images)
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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.



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:

Greek Banks Close All Week

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