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Greek debt negotiations weigh on European stocks | Greek debt negotiations weigh on European stocks |
(35 minutes 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 closed 3.11% lower at 814.06. | Stocks on Greece's ATG index closed 3.11% lower at 814.06. |
Greece still 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 closed down 2.01% to 11,322.3 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. |
"Sunday's losses by the ruling party are seen as a protest against the country's economic hardship, which is shown most clearly in an unemployment rate of 23% - and more than double that among young people," said BBC economics correspondent Andrew Walker. | |
Financial markets were unsettled by the vote against an economic strategy that many investors broadly support, he added. | |
France's Cac-40 closed down 0.5% to 5117.1, and Italy's MIB closed down 1.94% to 23,305. | 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. | Stock markets in London and Germany were closed for public holidays. |