I have been following the news about the economy of Greece over the last couple of weeks. I am not an economics expert by any stretch, but I am sure the ongoing issues in Greece will impact people and economies throughout the world, regardless of the outcome.
An interesting op-ed article was published this morning in the New York Times. Greece’s Sorry Reckoning, written by Nikos Konstandaras, discussed the issue at hand as well as some of the problems that Greece-based businesses have encountered in the last week. One thing in particular about domain names caught my eye.
From the article:
“With the E.C.B. declining to raise the limit on emergency funds this past week, our banks quickly began to run out of cash. Within days, a sophisticated society began to unravel — old people struggled to draw their pensions, trade and industry froze, websites could not renew their domain names with overseas providers, smartphone owners could not download apps as their credit cards were blocked.”
I had not thought about the domain name issue aside from the macro-economic impact on the economy and our businesses. However, the domain name issue could become a real problem for Greeks if the debt crisis is not remedied quickly. In fact, apparently Paypal is not working in Greece, which is also troubling for Greeks who could potentially use the service to pay for domain name renewals.
There is time between a domain name’s expiration and when it will be deleted or go to auction, so the immediate concern isn’t the loss of the domain name. However, when a domain name expires, the website that is on the domain name generally goes dark, and this could certainly exacerbate financial issues if websites are not working as they should
I don’t have any suggestions or answers on how to make things better, but I am hopeful that Greek domain owners took action in advance to ensure their domain names are protected during these uncertain times.