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Greek debt negotiations weigh on European stocks | Greek debt negotiations weigh on European stocks |
(about 1 hour later) | |
European stocks have fallen 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 2.13% lower on the day at 822.34. | |
Greece needs to strike a deal with its creditors in order to release €7.2bn (£5.1bn) in remaining assistance. | 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 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. | 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. | "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 2.21% to 11,298.3 after Spain's voters punished the ruling Popular Party (PP) in local and regional elections. | |
France's Cac-40 is down 0.84% to 5099.5, and Italy's MIB is down 1.99% to 23,308. |