Germany's balanced budget not at risk due to refugees, says Weidmann

Germany can handle the costs of the refugee crisis without risking its balanced budget, while the wider automotive sector appears unscathed by the emissions scandal embroiling Volkswagen , the head of the Bundesbank said on Sunday. Jens Weidmann was upbeat about the prospects for Germany's economy despite a slowdown in China and other emerging markets and the possible repercussions from the Volkswagen scandal. "Germany is in a good position.