Greece’s government bond prices roared higher after prime minister Alexis Tsipras said he would call a general election following his Syriza party’s poor showing in European elections.

The IMF said in March this year that Greece had “entered a period of economic growth that puts it among the top performers in the eurozone”. The fund expects the Greek economy to expand by around 2.5 per cent this year, up from 2 per cent last year, having returned to growth in 2017.