Peter Simpson

38 Flips | 2 Magazines | 6 Following | @simpsonthegreek | Keep up with Peter Simpson on Flipboard, a place to see the stories, photos, and updates that matter to you. Flipboard creates a personalized magazine full of everything, from world news to life’s great moments. Download Flipboard for free and search for “Peter Simpson”

Open Letter to Alexis Tsipras

Dear Prime Minister Tsipras,<p>First, congratulations for mustering the popular support to say “no” to the troika. The euro has long offered Greece a …

European Parliament

Goodbye Troika: Germany Rides Into Its Greek Colony On The "Quadriga"

With creditors' motorcades having officially returned to the streets of Athens in the wake of Greek lawmakers' approval of the second set of bailout …

The euro is a disaster even for the countries that do everything right

By Matt O'Brien<p>Matt O'Brien<p>Reporter covering economic affairs<p>Email Bio Follow<p>The euro might be worse for you than bankruptcy.<p>That, at least, has been the case for Finland and the Netherlands, which have actually grown less than Iceland has since 2007. Iceland, you might recall, basically went …

Economics

How Goldman Sachs Profited From the Greek Debt Crisis

The Greek debt crisis offers another illustration of Wall Street’s powers of persuasion and predation, although the Street is missing from most …

Greece’s Parliament Cannot Override the NO Vote. The Agreement with the Creditors is Illegal | Global Research - Centre for Research on Globalization

FIRA, GREECE. <i>On Sunday July 5, the Greek people voted in a historic referendum to refuse the Troika’s draft agreement.</i><p><i>The Referendum was an outright</i> …

Who is the Guy representing you?

By Nikolas Leontopoulos<p>In the recent <b>televised debate</b> for the Presidency of the European Commission, <b>Ska Keller</b>, the candidate for the European Greens, …

Greece made the wrong choice

<b>By John Lloyd</b>Greek Finance Minister Euclid Tsakalotos attends a parliamentary session in Athens, Greece, July 15, 2015. REUTERS/Christian HartmannFormer Greek Finance Minister Yanis Varoufakis has, as Macbeth put it, “strutted and fretted his hour upon the stage.” But he will still be heard some …

In Greek crisis, one big unhappy EU family

BRUSSELS (Reuters) - The latest paroxysm of Greece’s debt crisis has exposed growing rifts in the euro zone which, unless addressed soon, could lead to the break-up of European monetary union, the EU’s most ambitious project.<p>Greek Prime Minister Alexis Tsipras arrives for a parliamentary session in …

Merkel 'gambling away' Germany's reputation over Greece, says Habermas

<b>Exclusive:</b> Intellectual figurehead of European integration says efforts of previous generations put at risk by Angela Merkel’s hardline stance on Greece<p>Jürgen Habermas, one of the intellectual figureheads of European integration, has launched a withering attack on the German chancellor, Angela …

The Greek crisis is shaking the IMF to its core

<b>The Greek crisis, having shaken the eurozone to its core, is likely to have a similar seismic effect on another massive institution, the IMF.</b><p>The International Monetary Fund's exposure is small compared with the Eurozone.<p>In the 2010 bailout it paid out over €20.7bn and in the following 2012 rescue …

Europe’s dirty little secret is Greece will never pay back its debt

By Matt O'Brien<p>Matt O'Brien<p>Reporter covering economic affairs<p>Email Bio Follow<p>A specter is haunting Europe — the specter of Greece's debt.<p>For a long time, the fact that Greece is basically bankrupt was the truth that dared not speak its name. But now it's become the truth that can speak its name as …

Greek debt crisis: the failure of the euro wasn't just predictable, it was predicted

<b>Though it became gospel around the globe, euro-enthusiasm was always misguided. The crisis currently facing Greece shouldn't come as a surprise,</b> …

Greece talks: ‘Sorry, but there is no way you are leaving this room’ | Financial Times

The closest Greece has come to leaving the eurozone was at around 6am on Monday morning, just as dawn was breaking over Brussels.<p>Alexis Tsipras of …

Slavoj Žižek on Greece: This is a chance for Europe to awaken

The Greeks are correct: Brussels' denial that this is an ideological question is ideology at its purest – and symptomatic of our whole political …

From taxi drivers to surgeons, everyone in Greece is now an expert on the country’s debt

The strange thing has been how few Greeks, whether politicians, business people, journalists or whoever, took the idea that their country might leave …

Exclusive: Yanis Varoufakis opens up about his five month battle to save Greece

In his first interview since resigning, Greece's former Finance Minister says the Eurogroup is “completely and utterly” controlled by Germany, Greece …

Why Greece must resist Germany's plan to sell the family silver

by Boris Johnson<p>There is a moment in most action-adventure movies when the hero is surprised by something nasty. There he is, trying to sneak his way …

Germany won’t spare Greek pain – it has an interest in breaking us | Yanis Varoufakis

Photograph: Yorgos Karahalis/AP<p>‘By the time Syriza won power last January, a majority within the Eurogroup had adopted Grexit either as their preferred outcome or weapon of choice against our …

Yanis Varoufakis

Germany doesn’t want to save Greece. It seems to want to humiliate Greece.

By Matt O'Brien<p>Matt O'Brien<p>Reporter covering economic affairs<p>Email Bio Follow<p>Greece has offered an almost unconditional surrender on its bailout, but Germany might not accept anything less than a Carthaginian peace. In other words, a deal that not only forces Athens to submit, but also humiliates …

Europe

Greece prepares itself to face another year of political turmoil

Leading figures in Syriza party rebel against proposals for further austerity in return for financial lifeline<p>Greece’s embattled prime minister is expected to come under intense fire in the coming weeks after leading figures in his own leftwing Syriza party rebelled against the adoption of further …

Greece nears euro exit as bailout talks break up without agreement

Last-ditch negotiations to resume on Sunday after eurozone’s fiscal hawks put up fierce resistance to Alexis Tsipras’s rescue plan<p>Greece’s final attempt to avoid being kicked out of the euro by securing a new three-year bailout worth up to €80bn ran into a wall of resistance from the eurozone’s …

German Finance Minister Wants Greece Out Of Euro

After a bruising few days, the Greek government has come up with a new proposal. Helped by the French, who appear to have decided that under no circumstances should Greece be forced out of the Euro, they have produced a detailed document that includes commitments to reform of pensions and taxation. …

Germany's Plan To Rescue Greece: Wars Have Started Over Less Than This

It’s very difficult indeed to design plans for Greece that are actually worse than that one the European Union is trying to impose upon that benighted country. Decades of enforced poverty in order to maintain a currency (and possibly even a political order) that the country should never have …

Did Greeks fail to pay 89.5% of taxes?

<b>There are many reasons why Greece finds itself in a precarious financial position, one of which is its poor record at collecting tax. But is it really true that in 2010 the government collected only 10% of the tax it was due, asks David Rhodes.</b><p>A graphic published by the Washington Post on Sunday …

EU's Tusk cancels EU summit as euro zone talks on Greece continue

BRUSSELS (Reuters) - European Council President Donald Tusk said on Sunday that he had cancelled a planned meeting of EU heads of state and government this afternoon, with a summit of euro zone leaders scheduled to continue until talks conclude on Greece.<p>European Commission President Jean Claude …

Here’s What Greek Austerity Would Look Like in America

Greece is in the middle of a fresh round of economic tumult as its leaders try to negotiate terms for a new bailout package to keep the country …

Why Greece Matters for Everyone

Emilio Morenatti—AP<p>Christopher Furlong—Getty Images<p>Michael Debets—Demotix/Corbis<p>Armando Babani—EPA<p>Petr David Josek—AP<p>Alexandros …