European markets have been hit hard by news Greece will receive bailout cash to tackle its debt crisis.
EU President Herman Van Rompuy said several key euro zone officials today reached an agreement to help Greece at a summit in Brussels.
But confusion about the finer details of an aid package, particularly about whether it will be sufficient to rescue the debt-stricken nation, has unsettled markets.
Germany's Dax index was down 0.93% to 5,484.78, while the French Cac 40 lost 0.79% to 3,606.8 in late afternoon trading.
The FTSE 100 fell back after early gains, but remains in positive territory, up 0.24% to 5,144.25.
Smith & Nephew shares remain up after revealing strong results for 2009. Shares climbed 4.58% to 662.5p.
However, BT shares fell further due to fears about a £9bn pension fund deficit, falling 8.3% to 120.5p.
The Dow Jones fell sharply in opening trade before making a slight recovery to sit 0.07% down at 10,031.35.
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Via The Exchange
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