European Markets Rise After Greek Parliament Clears Bailout Conditions

European markets rose after the Greek parliament approves the tough austerity measures demanded of the country by its euro-zone creditors in return for an €86 billion ($93.4 billion) bailout. With the German parliament set to clear the debt deal tomorrow, all eyes are on the Frankfurt-based European Central Bank, which meets today for a policy meeting and will have support for Greek lenders high on its agenda. In Frankfurt, Tele Columbus rose sharply after the country’s third-largest cable company agreed to buy number-four PrimaCom for $774 million but in London mining company Anglo American slipped after announcing up to $4 billion in new asset writedowns and delivering a gloomy assessment of commodities prices.