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The German Dax 30 fell by 1.12% closing at 11 681.89 points. The top three losers in the index were Thyssenkrupp AG with a daily decline of 3.61%, followed by RWE AG ST and Deutsche Bank AG respectively with 3.34% and 2.97%.
UniCredit announced today that it will not meet the requirements of the European Central Bank in 2016 and the company's shares fell by more than 5.4 percent.
FTSE100 also recorded a decline of 0.92%, and ended the daily trading at a level of 7 118.48 points.
CAC40 closed at 4784.64 points wiping new 1.14% of its value.
Overseas situation was similar, as Dow Jones closed at red territory lowering its value by 0.61%, closing at 19971.13 points.
US data showed growth in personal income in December by 0.3% MoM, which was below expectations of 0.4%.
The broader index SP500 fell by 0.60%, closing the day at 2 280.25 points.
Nasdaq Composite dropped by 0.83% and closed the session at 5 613.71 points.
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