An EU official said on Friday Greece will receive on Monday a first tranche of $5.9 billion from the 130 billion euro second bailout.

Yet, the report revealed that Greece can not rely on the bailout on its own as it needs to create a real growth to jolt out of recession.

Also, staff at the International Monetary Fund (IMF)said on Friday that Greece may need further debt restructuring or more funding from the euro area members, noting that a disorderly euro exit would be unavoidable without continued support.

The EU report predicts Greece's debt to be cut to below 117% of GDP by 2020 and less than 90% by 2030.