Markets rally after global debt-management commitments

Stock markets are rallying for a second day amid commitments from world leaders to address the global debt crisis.

It comes ahead of a meeting between the German Chancellor Angela Merkel and Greek Prime Minister George Papandreou in Berlin this evening.

Earlier, Chancellor Merkel dismissed calls on Europe to introduce new economic stimulus packages to boost demand and spend its way out of the problem.

She said the Eurozone cannot solve a debt crisis by taking on more debt.