Reuters: Regulatory News: US should negotiate fiscal cliff without hurting growth-Germany

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US should negotiate fiscal cliff without hurting growth-Germany Nov 5th 2012, 22:44 MEXICO CITY | Mon Nov 5, 2012 5:44pm EST MEXICO CITY Nov 5 (Reuters) - The United States should seek to manage planned spending cuts and tax hikes in such a way that the so-called fiscal cliff does not damage global growth, German Finance Minister Wolfgang Schaeuble said on Monday. "Everything must be done...to negotiate the fiscal cliff in such a way that it does not result in any major additional damage or difficulties for the global economy," Schaeuble told a news conference in Mexico City, where he was attending a meeting of finance officials from the Group of 20 economic powers. Nevertheless, Schaeuble also said that to achieve sustained economic growth, over-indebted nations had no option but to reduce their budget deficits.

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