German balanced budget policy should not be a fetish - Bundesbank chief
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BERLIN (Reuters) - 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."As a political budgetary objective, the black zero fulfils the pedagogical purpose of ensuring sound finances. This has been achieved so far. Of course, the black zero should not be turned into a fetish," Jens Weidmann said in the interview..