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.
Greece 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 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.
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.
France's Cac-40 is down 0.84% to 5099.5, and Italy's MIB is down 1.99%
to 23,308.
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