LONDON Greece is poised to call in Rothschild, one of the oldest financial firms in the world, to help it navigate its current debt crisis, according to a report in the Financial Times.
The FT reports that Greece is about to appoint Rothschild as its sovereign debt advisor, replacing US investment bank Lazard, which worked on bailout talks in 2012.
The appointment is set to be made before crunch debt talks with eurozone finance ministers on February 20, the FT says citing two unnamed sources.
Greece is facing a looming repayment crunch, with more than 6 billion (£5.1 billion, $US6.3 billion) due in July that it is unlikely to be able to meet without help or restructuring.
Greeces two biggest creditors are the I…
Read the full article at: http://www.businessinsider.com/greece-rothschild-debt-advisor-lazard-eu-imf-2017-2