Greece is planning to appoint Rothschild to advise on its debts in an attempt to and avert default, the Financial Times reported Tuesday. Under the plan, Rothschild will advise Greece on all areas connected to its debt, including negotiations with creditors, potential inclusion in the European Central Bank’s €80 billion-a-month bond-buying program and the resumption of Greek government bond sales.

Rothschild will be paid a bonus when Greece regains access to global debt markets.

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