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Greek debt negotiations weigh on European stocks | Greek debt negotiations weigh on European stocks |
(35 minutes later) | |
European stocks fell in early trading after a Greek minister said that Athens would struggle to meet its upcoming debt payments. | European stocks fell in early trading after a Greek minister said that Athens would struggle to meet its upcoming debt payments. |
Interior Minister Nikos Voutsis made his comments during a weekend TV programme. | Interior Minister Nikos Voutsis made his comments during a weekend TV programme. |
Stocks on Greece's ATG index are trading 1.6% lower on the day at 826.91. | Stocks on Greece's ATG index are trading 1.6% lower on the day at 826.91. |
Greece needs to strike a deal with its creditors in order to release €7.2bn (£5.1bn) in remaining assistance. | |
"The four instalments for the IMF in June are €1.6bn, this money will not be given and is not there to be given," Mr Voutsis said. | |
The country's finance minister meanwhile has told the BBC on Sunday that progress was being made. | |
"Greece has made enormous strides at reaching a deal," Yanis Varoufakis told the Andrew Marr Show. | |
Other benchmark indexes across Europe have also fallen. | Other benchmark indexes across Europe have also fallen. |
The IBEX is down 1.89% to 218.6 after Spain's voters punished the ruling Popular Party (PP) in local and regional elections. | |
France's Cac-40 is down 0.63% to 5,110.26, and Italy's MIB is down 1.84% to 23,345.18. | France's Cac-40 is down 0.63% to 5,110.26, and Italy's MIB is down 1.84% to 23,345.18. |