- German Finance Minister says Greece missing targets-Bloomberg- Barclays rises after cutting bonuses, but profits fall. - Eurogroup fails to approve Greek package. - C&W Comms drops after profit warning.Stocks continued to fall by midday after Eurozone finance ministers last night refused to give the green light on Greece's second €130bn bailout package. Miners were dragging the blue chip index lower, while Barclays provided a spark following the release of its full-year results.Yesterday afternoon, Greek Prime Minister Lucas Papdemos announced that the country's political party leaders managed to reach an agreement over austerity measures and that the deal would be presented to the Eurogroup's evening meeting. That meeting finished without a clear statement of support for the second bailout, with 10 out of 17 Eurozone finance ministers reportedly reluctant to approve the next tranche of aid, according to market chatter. "Uncertainty remain high for markets as the emergency meeting of euro area finance minsters overnight failed to yield an approval for a second aid package for Greece," said analyst Khrishnamoorthy Sooben from Barclays Capital. Aggravating matters, German Finance Minister Wolfgang Schaeuble told lawmakers today that Greece's plans would leave its debt as high as 136% of gross domestic product by 2020, according to two people who took part in the meeting and who spoke on condition of anonymity because it was private. That compares with the 120% foreseen in a €130bn ($172bn) bailout being negotiated, Bloomberg News is reporting. On top of that, there are now reports that the leader of one of Greece´s political parties says he cannot vote in favour of those austerity measures. FTSE 100 down 48 to 5,847. Furthermore, Greek workers are currently striking across the country in protest to the tough austerity measures, resulting in major disruptions to public transport.Meanwhile, markets are still digesting the Bank of England's move yesterday to boost its quantitative easing programme by a further £50bn. David Kern, the chief economist at the British Chambers of Commerce, said that British businesses welcome the Monetary Policy Committee's decision. "Although the benefits are not immediately obvious to the business community, quantitative easing plays a key role in strengthening the financial system and stabilising the wider economy. In the face of difficult domestic circumstances and the ongoing crisis in the eurozone, the decision was a sensible one," he said. BARCLAYS: CT1 RATIO IMPROVES, BUT BONUSES SLASHED AS PROFITS FALLBarclays had extended gains by lunchtime despite reporting falling profits and revenues in 2011. Investors seemed to take little notice of the bank saying it may not reach its return on equity (RoE) target of 13% next year. They may be taking more comfort in the fact that the bonus pool at Barclays Capital, its underperforming investment banking arm, was cut by 32%.Prime Markets said that despite the fall in revenues and profits, Barclays still remains the "pick of the UK banking sector", noting that the company has improved its core tier-one ratio to 11% (well above the Basel III requirements) and diversified its operations to take up the slack from the BarCap operation. "As an investible entity, there is every sign that Barclays is undergoing a renaissance that will continue to provide a solid underlying momentum to it's continued recovery," according to head of dealing at Prime Markets, Richard Curr. Holiday Inn and Crowne Plaza owner InterContinental Hotels (IHG) was in demand after Credit Suisse upped its target price by almost a third saying that resilience in the US has driven a 12% upgrade to earnings per share (EPS) forecasts.Leading the downside was interdealer broker ICAP after the stock was downgraded by Goldman Sachs from buy to neutral. The US investment banks believes that within the diversified financials space, investors will be better off favouring asset managers over market structure companies. Miners were dominant among the fallers, as metals prices continued to fall. Kazakhmys, Anglo American and BHP Billiton were firmly in negative territory.FTSE 250: C&W COMMS DROPS ON PROFIT WARNING Cable & Wireless Communications was the big mover of the day, falling over 12%. The revival of the telecoms firm, which provides services to islands and smaller countries, came to an abrupt halt as the company warned on profits due to difficulties in trading in Panama and the Caribbean. The protracted courtship of closed life fund consolidator Phoenix Group by private equity firm CVC Capital Partners has ended with both parties agreeing it is best to go their separate ways. Phoenix fell nearly 5%.BCFTSE 100 - RisersITV (ITV) 80.00p +2.43%Barclays (BARC) 238.10p +2.15%ARM Holdings (ARM) 572.00p +1.87%Tate & Lyle (TATE) 685.00p +1.86%Shire Plc (SHP) 2,220.00p +1.83%Next (NXT) 2,764.00p +1.66%Aggreko (AGK) 2,187.00p +1.48%Imperial Tobacco Group (IMT) 2,463.00p +1.36%Sage Group (SGE) 302.30p +1.27%Diageo (DGE) 1,485.50p +1.19%FTSE 100 - FallersICAP (IAP) 366.80p -3.83%Man Group (EMG) 133.00p -3.27%Kazakhmys (KAZ) 1,140.00p -3.14%Anglo American (AAL) 2,780.50p -2.78%BHP Billiton (BLT) 2,064.50p -2.39%Schroders (SDR) 1,613.00p -2.24%Schroders (Non-Voting) (SDRC) 1,282.00p -2.06%Aviva (AV.) 362.50p -2.03%Antofagasta (ANTO) 1,320.00p -2.00%Standard Life (SL.) 225.40p -2.00%FTSE 250 - RisersHomeserve (HSV) 252.40p +2.89%Imagination Technologies Group (IMG) 633.50p +2.84%Kenmare Resources (KMR) 52.60p +2.14%Savills (SVS) 362.30p +2.00%Ophir Energy (OPHR) 346.50p +1.94%Aveva Group (AVV) 1,750.00p +1.92%PayPoint (PAY) 565.00p +1.71%Bumi (BUMI) 758.00p +1.61%WH Smith (SMWH) 528.00p +1.54%Filtrona PLC (FLTR) 387.80p +1.52%FTSE 250 - FallersCable & Wireless Communications (CWC) 38.29p -12.12%New World Resources A Shares (NWR) 513.50p -4.91%Ferrexpo (FXPO) 336.70p -4.81%Tullett Prebon (TLPR) 314.90p -4.14%Phoenix Group Holdings (DI) (PHNX) 546.00p -4.13%Petropavlovsk (POG) 713.50p -4.03%Perform Group (PER) 260.00p -3.77%Renishaw (RSW) 1,444.00p -3.22%Ocado Group (OCDO) 107.10p -3.16%Kesa Electricals (KESA) 82.55p -2.94%