Greece faces New Year debt woes - 04 Jan 10

  • 12 years ago
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.