George Papandreou's government

Lazard hired to take rating over junk level

French company Lazard will be the new consultant of the Public Debt Management Agency (PDMA), replacing Rothschild, with the aim of bringing Greek bonds back to investment grade within the next couple of years.

This decision was reached on Wednesday by the government's Economic Policy Council on the recommendation of the PDMA and an opinion by the State Legal Council.

Joseph Stiglitz discusses 'value crisis' at Davos, Greek crisis

Joseph Stiglitz is a Davos veteran. The renowned economist and winner of the 2001 Nobel Memorial Prize has attended dozens of World Economic Forum sessions in a number of capacities (including vice president of the World Bank and chairman of the Council of Economic Advisers under the Clinton administration).