Apple gives Greek users free iCloud for 30 days

“With the financial situation in Greece still in turmoil, Apple is staging its own small scale bailout,” Jo Best reports for ZDNet.

“The company confirmed to ZDNet that it will not be charging iCloud users for the next month,” Best reports. “‘Our sympathies are with our customers in Greece who have experienced an interruption in their iCloud accounts as a result of the fiscal crisis. To ensure our customers in Greece continue to have access to their content stored in iCloud during this difficult time, we’ve extended their iCloud storage plans for an extra 30 days at no additional cost,’ Apple said in a statement.”

Best reports, “As a result of the crisis, Greek citizens couldn’t make credit card payments or bank transfers to foreign companies, meaning they were unable to pay their iCloud subscriptions.”

Read more in the full article here.

“After months of acrimony, Greece finally clinched a bailout agreement with its European creditors on Monday that will, if implemented, secure the country’s place in the euro and avoid financial collaps,” Pan Pylas and Raf Casert report for The Associate Press. “The terms of the deal, however, will be painful both for Greeks and their radical left-led government, which since its election in January had vowed to stand up to the creditors and reject the budget cuts they have been demanding.”

“Before it can get 85 billion euros ($95.07 billion) in bailout cash and support for its banks to reopen, the Greek government will have to pass a raft of austerity measures that include sales tax increases, reforms to pensions, and labor market reforms,” Pylas and Casert report. “Greece will be on a tight timetable to implement its reforms — a reflection of how little its creditors trust the government to honor a deal. Greek Prime Minister Alexis Tsipras infuriated his European partners last month when he called for a popular vote against economic reforms the creditors has proposed. The Greek people voted against those proposals, but will be horrified to see that they now face even tougher measures.”

“When the banks will be able to reopen will depend on whether the European Central Bank decides to increase emergency credit to Greek banks now that a bailout deal with Greece has been clinched in principle,” Pylas and Casert report. “It was unclear whether the ECB would make such a decision on Monday or after Greece passes its first batch of reforms.”

Read more in the full article here.

MacDailyNews Take: Good move by Apple. Hopefully, many important lessons will be learned from this fiscal debacle.

14 Comments

  1. Besides iCloud for 30-days, there’s no such thing as a free lunch.

    Too bad the statists are incapable of learning that their theories are horrifically wrong.

  2. Greece…and by extension the EU, would have been far better to never have joined up in the first place.

    Greece had a bass-akwards cozy system set up that worked for their particular set of proclivities, one that was unique to them, their culture, and that their people largely enjoyed.

    “Free money” from the EU was too addictive of a drug for them and sank their ship.

    The best thing to do is separate and let the chips fall where they will. Go cold turkey and recover or die.

    1. Free money tends to be addictive to any society/nation, including the U.S. Our Congress has been far too free with spending and borrowing for several decades, and particularly over the past fifteen years or so.

      In the absence of the pain associated with paying for the full cost of services rendered, there is very little motivation to rein in spending or waste. We need that feedback mechanism. U.S. citizens will only get serious about the federal budget when they have to pay for it rather than passing on a substantial portion to future generations.

  3. There are many who were financially irresponsible in the US and the rest of the world. Why doesn’t Apple give them all free services too? This policy of handing free things to the poor does not help them especially when it is a luxury good that is designed to entice them to continue paying for it later. Bad move Apple.

    1. This free offer wasn’t because people couldn’t afford to pay. It was because people simply couldn’t execute transactions with foreign entities because of the crisis. Rather than interrupt the service due to the non-payment, Apple simply waived that one payment. No Greek iCloud user was individually financially irresponsible here; most probably had iCloud membership on auto-pay anyway.

      There is no negative consequences from this. Nobody in Greece will be compelled to expect other free things because Apple waived one monthly payment for iCloud.

      1. I did read the article but I strongly disagree with (for the first time) with Apple for them giving a handout for Greece when the Greek people are largely incapable of paying for what they want to have. Greece needs to focus on producing goods and services rather than buying foreign items.

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