On Tuesday, it was the third day of global stocks rallying against the debt crisis. With this rally, they expect to bring the European leaders with more striving plans for dealing with the euro zone debt disaster.

On Monday, it was announced by the European officials that they were planning to increase borrowing ability of European Financial Stability Facility, so that it could easily rescue the euro zone fund.

In this regard, Jeremy Gaudichon, fund manager at K. B. L. Richelieu, said “nothing concrete so far, there is hope that we’ll have European collaboration to help solve the crisis”.

According to reports, Greek Prime Minister George Papandreou has said that the monetary markets were trying to introduce much more sturdy political leadership for restoring confidence.

Papandreou is quite sure about Greece’s condition that it will soon overcome difficulties. He said that due to the prevailing crisis, there has taken birth of a new and exclusive chance for getting in important reforms. Moreover, according to him, it is just the way of governing a country that decides its fortune.