Greece will receive about 470 million euros in EU funds for multiannual national programmes to support its efforts in tackling the surge in migration, the European Commission announced on Monday.

The government is not considering elections and talk of elections at this point is not useful, government spokeswoman Olga Gerovasili said in a statement on Monday.

Prime Minister Alexis Tsipras on Monday evening had phone contacts with German Chancellor Angela Merkel, French President Francois Hollande and European Commission president Jean Claude Juncker as well as with European Parliament president Martin Schulz with aim the speeding up of the negotiations in order an agreement to be reached until today (Tuesday).

Greek government's agreement with the institutions was reached early Tuesday. According to well informed sources "We have white smoke, we have an agreement" said the same source after the end of the meeting with the institutions on Tuesday morning.