Deals of the Year 2012: Greece

Greece
Size	€206 billion private sector involvement debt exchange
Date	February 2012
Lead dealer managers/closing agents	Deutsche Bank, HSBC
Financial adviser to Greece	Lazard
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Greece’s epic €206 billion private-sector debt restructuring last year was of importance not only for the average man or woman on Athens’s ancient streets, but also for the country at large, the eurozone and the entire global financial system.

For if the restructuring had failed, the consequences for all four would not bear thinking about: a modern tragedy on a monumental scale would have played out.