Reuters reports:
Facing a huge public debt burden and an acute liquidity crisis, the Lebanese state on Tuesday appointed international investment and law firms as its financial and legal advisers on a widely expected restructuring of its sovereign debt.Lebanon's Al Modon is concerned - because the founders of Lazard from the 1850s were Jewish. So, of course.
The government gave approval for U.S. asset management company Lazard to act as Lebanon’s financial adviser and law firm Cleary Gottlieb Steen & Hamilton LLP to act as its legal adviser on the debt restructuring, which ratings agencies and investors expect to happen.
Lazard has previously advised on some of the world’s largest sovereign debt restructurings including Argentina, Greece and Ukraine. Lazard Freres, a French subsidiary of Lazard, was one of the firms that advised Argentina in overhauling its debt after it defaulted on some $100 billion loans during its crisis in 2002.
Contracting with the Lazard company:Will the Zionist lobby control the economy of Lebanon?
Lazard belongs to the "Lazard Frere" group, which works in financial advisory, asset management and other financial services. Its foundation dates back to the year 1851 in the United States of America, by three Jewish brothers from the Lazard family who immigrated from France to America in the year 1848. Lazard's work expanded in America and Europe, especially during the Second World War and beyond. The expansion continued until the company provided its advisory services to Arab countries, mainly Saudi Arabia and the UAE.
The company's widespread expansion enabled it to extend its influence over many countries' economies, making it one of the influential parties in the global economy and one of the controllers of global wealth. However, the company's acquisition of its current strength would not have occurred without the help of the Zionist lobby in the United States and the world, so that the company itself would be among the Zionist lobby.
Interestingly, Lazard was on the Arab blacklist in the 1970s.