European stocks close: stocks closed lower despite hopes for a last-minute deal between Athens and its lenders

Stock indices closed lower despite hopes for a last-minute deal between Athens and its lenders. According to a statement from the office of the Prime Minister Alexis Tsipras, the Greek government has requested a 2-year bailout programme from the European Stability Mechanism (ESM) to fully cover its financing needs, including restructuring of debt.

Athens said that it will continue debt talks seeking a "viable agreement" within the Eurozone.

The head of the Eurogroup Jeroen Dijsselbloem said on Tuesday that Eurozone finance ministers will have a teleconference today at 17:00 GMT to discuss the latest proposals from Greece to keep the bailout negotiations going.

"Extraordinary Eurogroup teleconference tonight 19:00 Brussels time to discuss official request of Greek government received this afternoon", he twitted.

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.

Indexes on the close:

Name Price Change Change %

FTSE 100 6,520.98 -99.50 -1.50 %

DAX 10,944.97 -138.23 -1.25 %

CAC 40 4,790.2 -79.62 -1.63 %