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    G20 teeters on the brink of the fiscal cliff

    euronews (in English)

    by euronews (in English)

    Delegates are gathering for the G20 meeting in Mexico City. Insiders say that the so-called US fiscal cliff is outweighing Europe's debt crisis in terms of short-term risks to the global economic output.

    Unless the US Congress can reach a deal, 600 billion dollars in cuts and taxes will kick in in January, and could push the US back into recession.