The London-born musician, whose real name is Declan Patrick MacManus, has been advised to rest by his doctor following surgery for cancer.
The 63-year-old released a statement on Facebook saying that while he had returned to touring he now needed further rest.
Costello, whose pseudonym comes from a mixture of Elvis Presley and his musician father's stage name, was due to perform gigs in Manchester, Pula, Croatia, Graz and Vienna in Austria, Tysnes in Norway and Rattvik, Sweden.
He had previously cancelled dates in Southend and Plymouth last month and at the time said it was due to 'medical reasons'.
The statement said: 'The spirit has been more than willing but I have to now accept that it is going to take longer than I would have wished for me to recover my full strength. Therefore, I must reluctantly cancel all the remaining engagements of this tour.
In the statement, Costello, who began his career in the 1970s, added: 'Six weeks ago my specialist called me and said, 'You should start playing the Lotto'.
'He had rarely, if ever, seen such a small but very aggressive cancerous malignancy that could be defeated by a single surgery.
'I was elated and relieved that our European summer tour could go ahead.
'Post-surgical guidelines for such surgery, recommend three weeks to four weeks recovery depending on whether you are returning to a desk job or an occupation that involves physical work or travel.
'It was impossible to judge how this advisory would line up with the demands on a traveling musician, playing 90-minute to two-hour-plus performances on a nightly basis but by the time we reached the Edinburgh Playhouse, I was almost fooled into thinking that normal service had been resumed.
MailOnline
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