June 3, 2011
International officials have said Greece will receive the next instalment of its bail-out funding following a month-long inspection.
European authorities and the IMF said the next tranche of their 110bn euro ($159bn; £97bn) bail-out package would be paid, most likely in July.
There had been fears that Greece had not been progressing fast enough with cuts and this would be delayed.
Meanwhile, reports suggested a new, extended bail-out was being finalised.
Jean-Claude Juncker, who is head of the group of eurozone finance ministers, said he thought extra help was likely, in exchange for additional deficit-cutting measures.
"I expect the Eurogroup to agree to additional finance being provided to Greece under strict conditionality," he told reporters.
Speaking after a meeting with Greek Prime Minister George Papandreou, he said that the conditionality would include assistance from private sector bondholders.
"On that basis, it's obvious there will not be an exit of Greece from the euro area, there will be no default and Greece will be able to fully honour its obligations," said Mr Juncker.
Any new bail-out funding would have to be agreed by eurozone finance ministers who are scheduled to meet on 19 and 20 June.
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