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Greek debt negotiations weigh on European stocks Greek debt negotiations weigh on European stocks
(about 4 hours later)
European stocks have fallen after a Greek minister said that Athens would struggle to meet its upcoming debt payments.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. Stocks on Greece's ATG index closed 3.11% lower at 814.06.
Greece needs to strike a deal with its creditors in order to release €7.2bn (£5.1bn) in remaining assistance. Greece still 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. The IBEX closed down 2.01% to 11,322.3 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. France's Cac-40 closed down 0.5% to 5117.1, and Italy's MIB closed down 1.94% to 23,305.
Stock markets in London and Germany were closed for public holidays.