ECONOMY

In Brief

IAS presents revised business plan for Olympic Venture capital firm Integrated Airline Solutions (IAS), bidding for a majority stake in ailing Greek carrier Olympic Airways, presented its revised business plan and proposed management team to Greece’s finance and transport ministers. «We had a general meeting to examine the (IAS) business plan. The expiry date (for the talks) is the end of January,» Finance Minister Nikos Christodoulakis told reporters. IAS, an Australia-based firm, represents Greek and Greek-American businessmen cooperating with Olympic’s pilots union. (Reuters) Greece launches bond LONDON – Greece launched a new 5-billion-euro government bond due May 18, 2012 yesterday, using a syndicate of banks to place the debt rather than the traditional auction. The deal will be priced today via joint lead managers Banca IMI, Credit Suisse First Boston, EFG Eurobank, JP Morgan and National Bank of Greece. (Reuters) GSEE argues that while the performance of the Greek economy as measured by indices such as the growth rate, fixed capital investment and labor productivity was positive, unemployment remained at high levels and the living standards of the poorest segments of society had improved only minimally in the last 20 years.