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    Greece faces New Year debt woes - 04 Jan 10

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    Al Jazeera English

    by Al Jazeera English

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    With the global economy still struggling, the Greek government insists there is no danger of the country defaulting on its debt and needing a bail-out from partners in the euro zone.
     
    It comes after panic hit the Athens stock exchange in December, when leading agencies downgraded Greeces credit rating after a sharp rise in the deficit.
     
    In an attempt to restore confidence, the government has announced a freeze on wages in the public sector.
     
    Barnaby Phillips reports from Athens.