French President Francois Hollande announced new measures to prevent corruption in public office after a former budget minister was investigated for tax evasion.
The rate of consumer price inflation in the 17 countries using the euro fell to an annual rate of 1.7 percent in March. It could provide a rationale for an interest rate cut when central bankers meet on Thursday.
Cyprus president Nicos Anastasiades has urged judges looking into the country's banking disaster to examine transactions handled by his family law firm as "a priority" in a bid to defuse public anger, the FT reports
Tom Rogers, Senior Economic Adviser to the Ernst & Young says the overall funding environment for Europe's banks should recover in the second half of 2013 and will support the region's recovery.
European shares closed higher on Tuesday, led by the telecoms sector, which was boosted by new reports that Vodafone, the world's second largest mobile operator, could be bought.
Christian Gattiker, global investment strategist and head of research at Julius Bar, tells CNBC that investors should 'hang in there' as the European markets might still have a little to run.
Cyprus's finance minister resigned on Tuesday after concluding a 10 billion euro bailout deal with international lenders in which the country slashed its dominant banking sector and hit depositors with losses.
Italy's center-left leader Pier Luigi Bersani said on Tuesday his bid to form a government after last month's deadlocked election was over, after his failure to gather enough support.
Capital controls have restored a sense of calm in Cyprus. At best, this is a short reprieve if they are not followed by more fundamental decisions, according to Pimco's CEO.
The euro zone jobless rate was stable at 12.0 percent in February, the European Union statistics office Eurostat said on Tuesday, which could add pressure for an interest rate cut by the ECB.
French car registrations fell again in March as consumers, worried about the economy, maintained the wait-and-see attitude which has prevailed over the past 16 months.
Manufacturing across the euro zone fell deeper into decline in March, although the Cyprus bailout crisis has yet to take a toll on factory activity, a business survey showed on Tuesday.
Britain's financial services sector took on new staff in the first quarter with more gains expected, a business survey said, signaling that a prolonged period of job losses may be ending.
Italy's 87-year-old President will face the greatest test of his career as he tries to end the standoff preventing a new government being formed more than a month after elections.
Big depositors at Cyprus' largest bank may be forced to accept losses of up to 60 percent, far more than initially estimated under the European rescue package to save the country from bankruptcy.