600mil euros are left in the coffers and they are looking for 1,2bil

According to finance ministry sources, about 600mil euros are left in state coffers, sufficient only to pay half the month to civil servants on 11/11/11. But as the 6th tranche is delayed, the government must provide twice as much in order to pay the wages and pensions of December at the end of this month.

In an attempt to find the amount, the ministry has decided to freeze all tax returns and speed up the issuing and collection of statements for the poll tax and the real estate special fee.

Moreover, a lot depends on the tax hunt for the collection of the 3rd quarter and the revenue from the settlement of illegal and semi-illegal spaces.

To keep the bankers "warm"

Meanwhile, they are in PSI mode and are trying to keep the bankers that will participate in the haircut "warm"…

Finmin Venizelos described his anxiety about the situation in parliament, saying:

"We must act as quickly as possible and certainly before December 15 (based on cash reserves) to release the 6th tranche of 8bil euros. We must start negotiations with the Troika immediately on the configuration details of the new loan agreement, which must be voted in parliament by a majority of 180 MPs. As a country, we must create (with the help of our partners) the legal framework for PSI Plus and achieve 100% participation of Greek bondholders. We estimate an interest relief by 14bil over the next three years if we are successful. According to the schedule, all procedures for the new program must be completed by the end of the year."

According to the finmin, PSI details will be completed at the beginning of 2012.