German government spokesperson: There is no need for fiscal stimulus package

Comment by German government spokesperson, Ulrike Demmer

• Says that Germany is sticking to balanced budget policy

That does not really come as too much of a surprise as they have been reiterating that they don't see the need to loosen the purse strings for now.

As highlighted before, if and when they are pushed to do so, it may be a bit too late for the German economy considering the current circumstances.