European stock markets mid session: stocks traded lower on Greece’s debt crisis

Stock indices traded lower on Greece's debt crisis. A Greek government official confirmed on Monday that Athens will not repay €1.538 billion IMF loans by June 30.

German Finance Minister Wolfgang Schaeuble said on Monday that the impact of Greece's debt crisis on other countries from the Eurozone is limited.

The rating agency Standard & Poor's on Monday downgraded Greece's sovereign debt rating to CCC- from CCC. The outlook is negative.

Meanwhile, the economic data from the Eurozone was mixed. The preliminary consumer price inflation in the Eurozone fell to an annual rate of 0.2% in June from 0.3% in May, in line with expectations.

The decrease was driven by lower energy prices and by a softer increase in food and services prices.

Eurozone's unemployment rate remained unchanged at 11.1% in May, in line with expectations. It was the lowest level since March 2012.

The final U.K. GDP expanded at 0.4% in the first quarter, beating May's estimate of a 0.3% gain, after a 0.8% rise in the fourth quarter.

The upward revision was driven by methodological changes in construction.

On a yearly basis, the revised U.K. GDP rose 2.9% in the first quarter, eating May's estimate of a 2.4% increase, after a 3.4% gain in the fourth quarter.

The U.K. current account deficit narrowed to £26.5 billion in the first quarter from £28.93 billion in the fourth quarter. The fourth quarter's figure was revised down from a deficit of £25.3 billion.

Analysts had expected the current account deficit to decrease to £23.25 billion.

The first quarter's current account deficit amounted to 5.8% of GDP, after 6.4% of GDP in the fourth quarter.

Current figures:

Name Price Change Change %

FTSE 100 6,578.99 -41.49 -0.63 %

DAX 11,041.33 -41.87 -0.38 %

CAC 40 4,857.49 -12.33 -0.25 %