. >> fears that greece won't unklafka to pay its next installment to the international monetary funding is hitting trading on the european markets. generally, it is a quiet day because london and frankfurt are closed, but these are the pictures on the other borders. italy milan and madrid, also trading day, the markets in madrid also reacting to the news of those local election results. you can see the madrid is over 2% in trading. this panic was sparked by comments from greece's interior minister, saying the government would be unable to pay the 1.6 billion euros it owes to the international monetary fund in june. they'll keep paying their creditors for as long as they can, but no guarantee of how long that will last. >> it's the clear of the sign yet that greece is out of cash. >> this money will not be given. it isn't there to be given. this is known and we are talking on the basis of the optimism that we have, cautious optimism but optimism nonetheless, but there will be a strong agreement that will allow the country to breathe once again. >> for the past four months now, greece has