European stocks close: stocks closed lower on concerns over Greece's further bailout policy

Stock indices closed lower on concerns over Greece's further bailout policy. European finance ministers piled pressure on Greece to examine its books in order to obtain more aid.

The European Central Bank President Mario Draghi asked on Monday Greece to allow new visits from technical experts. Greece agreed to allow experts to examine its books in Athens on Wednesday.

The Eurogroup of euro zone finance ministers discussed proposed Greek economic reforms.

Industrial production in France climbed 0.4% in January, missing expectations for a 0.8% gain, after a 1.4% rise in December. December's figure was revised down from a 1.5% increase.

The Bank of England (BoE) Governor Mark Carney was speaking in the Economics Affairs Committee in the House of Lords in Britain's parliament on Tuesday. He said that consumer price inflation will decline to around zero in the coming months and stay there for much of the rest of the year. Carney added that decline in consumer inflation was driven by declines in energy and food prices, particularly lower oil prices.

The BoE governor noted it would be "extremely foolish" to ease the monetary policy in an attempt to boost inflation caused by falling oil prices.

Indexes on the close:

Name Price Change Change %

FTSE 100 6,702.84 -173.63 -2.52 %

DAX 11,500.38 -81.73 -0.71 %

CAC 40 4,881.95 -55.25 -1.12 %