Challenges mount for world leaders in Davos

2012-07-27 1

With the eurozone recession set to get worse, world leaders gathering at the Swiss mountains will have to face a number of challenges.

For two years the debt crisis has loomed over Europe. Greece, Ireland and Portugal have all needed bailouts and some of Europe's biggest economies, Spain and Italy, are struggling with rising borrowing costs.

Al Jazeera's Barnaby Phillips reports.