Greece hires Lazard to advise on debt.

[Down1]

The anti-Banksta, tough guy stance didn't last long.

The Greek government has hired investment bank Lazard to advise it on managing sovereign debt in a sign that Syriza is serious about honouring its election pledge to restructure its debt pile—despite EU officials warning against it.
http://www.cnbc.com/id/102386670#.


http://www.cnbc.com/id/102386670#.

Lazard ?

Kenneth M. Jacobs, Chairman and Chief Executive Officer
He is a member of the Steering Committee of the Bilderberg Group.
http://en.wikipedia.org/wiki/Kenneth_M._Jacobs


http://en.wikipedia.org/wiki/Kenneth_M._Jacobs

[Hatha Sunahara]

That's like hiring Al Capone to advise you how to deal with the mafia. Lazard Freres are one of the families that own all the central banks along with the Rothschilds. They might as well have hired Lloyd Blankfein.

Hatha

[mick silver]

The out come would of been the same

[Glass]

So Lazard says a 50% haircut on Greek bonds (http://www.zerohedge.com/news/2015-02-01/tide-turning-obama-expresses-sympathy-greece-lazard-says-50-greek-haircut-reasonable) is reasonable. Obama sympathetic.

Sounds like a good deal on the face. Is it? Need to know the specifics. I expect the remaining bonds would be restructured. Different debt instrument no discount option on that one. They did that to Argentina was it? Might of been a EU country. Spain? I can't remember, took a hair cut but not the key bond holders. The juniors got the haircut and they got a restructured debt instrument. Result: DoublePlusWin.