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“Our euro zone colleagues have received the message loud and clear that it would not be acceptable for this issue of British support for euro zone bailouts to be revisited”, a British finance ministry source told Reuters.

Berenberg bank economist Holger Schmieding said a temporary euro zone exit for Greece would effectively be a “Grexit” as Athens would have to qualify again to rejoin the currency union and likely face an extremely stern examination in doing so.

The worldwide Monetary Fund (IMF) said on Monday that Greece missed a new repayment worth of about 456 million euros to it by the day after the country failed to make a 1.5 billion-euro repayment due on June 30.

Mr Abbott was spruiking the government’s grocery code of conduct, outside a western Sydney store of supermarket giant Woolworths on Tuesday when he was quizzed by reporters on developments in Europe and China.