Greece lines up Rothschild for debt advisory role as bankruptcy looms

Replaces Lazard

Daniel Flynn
clock • 1 min read

Greece is reportedly planning to hire Rothschild as its debt adviser, replacing current adviser Lazard in the role, as it attempts to end a long-running stand off with creditors.

According to the Financial Times, government officials in Greece hope to finalise the appointment before a gathering of euro-area finance ministers on 20 February. Unless Greece receives fresh funds it will not be able to make €7bn of debt payments due this July, including €2.1bn to private sector creditors. In the role, Rothschild will reportedly advise the country on negotiations with creditors, potential inclusion in the European Central Bank's bond-buying programme, and the sale of Greek government bonds. The deal would replace the Greek government's current deal with Lazard, w...

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