German balanced budget policy should not be a fetish - Bundesbank chief

Germany does not need an economic stimulus package and its 'black zero' balanced budget policy is useful for achieving sound finances but should not become a fetish, the head of the national central bank told the Sueddeutsche Zeitung.Many of Chancellor Angela Merkel's conservatives are committed to achieving a balanced budget without issuing new debt but the new leaders of their Social Democrat (SPD) coalition partners have challenged the policy.