Soon after politicians from the far-left Syriza party won power in Greece they said they had hired Lazard to advise them on restructuring their debt.It is a homecoming of sorts for the U.S. investment bank. Lazard cemented its position as the eminence grise of debt negotiations when it secured the biggest restructuring deal in history for Athens in 2012.Resolving financial tight spots has been a house speciality since the Great Depression of the 1930s when Lazard, founded as a New Orleans dry-goods merchant in 1848, helped save French carmaker Citroen from bankruptcy.The firm started focusing on governments in the 1970s …read more
Source: Egypt Independent
