Greece will receive the final EUR1 billion from its first disbursement under the second bailout package by month's end, Jean-Claude Juncker, chairman of the Eurogroup of euro-zone finance ministers said Thursday.

The money was held back by finance ministers because of concerns about the outcome of the Greek election on June 17.

Juncker said part of the money would cover Greece 's contribution to the region's bailout funds.

The Eurogroup chief said finance ministers expect the new Greek government to invite senior officials from the troika of official lenders to Athens next Monday to "take stock of the implementation" of the second Greek bailout program.

Juncker said the swift visit to Greece by the troika--the International Monetary Fund, the European Commission and the European Central Bank--was important because "all the procedures have to be speeded up."

We are "in an urgent situation" in respect to Greece , Mr. Juncker said.

He said that, on the basis of this visit, a full troika team will then go to Athens to discuss with Greek authorities "an updated" memorandum of understanding of the bailout program.
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