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- European stocks close: stocks closed lower as the Greek debt crisis and on election results in Spain weighed on markets
European stocks close: stocks closed lower as the Greek debt crisis and on election results in Spain weighed on markets
Stock indices closed lower as the Greek debt crisis and on election results in Spain weighed on markets. The Greek government is running out of cash and might not repay the IMF loans in June.
Greece's interior minister Nikos Voutsis said on Greek TV on Sunday that Greece cannot repay the IMF loans on June 05 as the country does not have money.
Greece cannot reach an agreement with its creditors to unlock the €7.2 billion tranche of loans.
The leftist Podemos and center-right Ciudadanos parties won in regional and municipal elections in Spain on Sunday.
Indexes on the close:
Name Price Change Change %
FTSE 100 6,948.99 -82.73 -1.18 %
DAX 11,625.13 -189.88 -1.61 %
CAC 40 5,083.54 -33.63 -0.66 %
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