G20 teeters on the brink of the fiscal cliff

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euronews (in English)
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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.

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