13:31

The headquarters of the Bank of Greece in Athens. Photograph: Petros Giannakouris/AP

Over in Athens the Bank of Greece has released its much-awaited monetary policy report on the state of the economy following last month’s key debt-relief package.

The report - handed to the Greek parliament this morning - says the agreement reached with euro zone creditors on June 21 offers debt sustainability in the medium term but over the longer term only further reforms and more relief would guarantee it continued.

The warning echoed similar concerns expressed by the International Monetary Fund last week.

But while the Bank insisted that Greece should take stock of a precautionary credit line once it exits its last international rescue programme in August, it also said the debt relief deal would facilitate the country’s return to the capital markets from which it has been excluded for the best part of a decade.

Accessing markets again would be “the last and decisive indication that the Greek economy had surpassed the crisis,” it said.

Prime Minister Alexis Tsipras’ leftist-led coalition is bitterly against agreeing to a credit line that would be perceived to compromise the country’s ‘clean exit’ from bailout oversight.

In the report, the Bank of Greece governor, Yiannis Stournaras, said he foresaw growth rates of 2% and 2.3% for this year and next.