Greece’s Problems Extend to the Cloud

July 2, 2015 Off By David

Grazed from Bloomberg. Author: Virginia Postrel.

Starting a technology company has become much cheaper and easier in recent years. Businesses can contract out functions, from cloud computing to e-mail list management, that once would have required in-house equipment and expertise. Amazon Web Services, for instance, boasts that more than “a million active customers in more than 190 countries” are using its hosting services instead of relying on their own servers.

Now some of those customers suddenly can’t pay their bills — not because they don’t have the funds but because the Greek government won’t let their money leave the country. Just as individual Greeks are losing access to Apple’s iCloud, as the Athens staff of Bloomberg News recently discovered, so companies are finding themselves cut off from services critical to their ongoing operations…

Read more from the source @ http://www.bloombergview.com/articles/2015-07-02/greece-s-problems-extend-to-the-cloud