News Wrap: Merkel Insists Avoiding Greek Default is a 'Top Priority'

Listen to the Audio HARI SREENIVASAN: European stocks rallied today amid new signs that Germany and France will act to prevent Greece from defaulting on its debt. German Chancellor Angela Merkel said her government is using all its tools. She told a German radio station, "It is our top priority to avoid an uncontrolled default, because it would hit not only Greece, but other countries." Merkel