Rothschild bank to help gov’t prepare for a return to the markets, Tzanakopoulos says

The Rothschild investment banking group have been retained as technical consultants to the government, to assist in preparing for the country’s return to borrowing from the markets, government spokesman Dimitris Tzanakopoulos said on Tuesday.

Replying to questions, Tzanakopoulos said that Finance Minister Euclid Tsakalotos sent a letter to the board of the Public Debt Management Agency on January 25, asking for the immediate hiring of a technical consultant to prepare for Greece’s attempts to resume borrowing from financial markets. The agency’s board sent a reply naming the Rothschild investment bank on January 27 and the issue of a ministerial decision to this effect is now pending, he added.