Greece is set to receive 1 billion euros (1.26 billion dollars) from eurozone partners in June, helping to keep the cash-strapped country afloat as it prepares to form a new government, sources in Brussels said Monday.
The eurozone's rescue fund, the European Financial Stability Facility, had in May approved a 5.2-billion-euro payment for Greece, but kept 1 billion euros on hold because it was "not needed before June."
That money is now expected to be made available, sources said.
Greece is in line to receive a far more substantial amount with a second installment from its latest bailout programme - 31.2 billion euros - but it is not clear if and when the payment would be approved.
In a research note, Barclays Bank said Greece could survive until August 20, when it will have to repay 3.1 billion euros in bonds held by its eurozone creditors.
On Sunday, euro area finance ministers said European Union and International Monetery Fund (IMF) experts would go to Athens to discuss the continuation of the bailout programme "as soon as a new government is in place."
Athens needs international loans to avoid bankruptcy, but after two months of political deadlock, it has fallen behind on the reform agenda it had agreed to in return for aid, and is also struggling with a worsening recession.
Analysts are questioning the extent to which the EU and IMF will be willing to respond to Greece's plight by softening bailout terms.
The agreement Greece signed with them in March gives it at least the possibility of asking for concessions.
The text says that the country can "consult" with its international creditors on being given time "beyond 2014" to meet deficit reduction targets "in the event of a significantly deeper-than-anticipated recession."
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