German BDI says no need for more govt stimulus

BERLIN, April 12 (Reuters) - There is no need for any further government stimulus measures in Germany after two packages worth over 80 billion euros ($106.2 billion) were enacted, a leader at the German BDI industry association said on Sunday.

BDI managing director Werner Schnappauf said in a statement on Sunday the association rejected calls for more government action from several union leaders and a few lawmakers.

"They are a sweet poison," Schnappauf said, referring to government spending measures to boost growth. "They don't solve any structural problems and distort competition."

He said the balance between the free market and state should not be allowed to get out of whack with more stimulus measures.

"The steps taken in the economic stimulus measures enacted so far need more time for their effect to unfold," he said. Finance Minister Peer Steinbrueck also rejected the calls for further stimulus measures.

"Let us see what impact the 80 billion euros from the two measures taken so far work without ranting on about a third stimulus package," he told the Frankfurter Allgemeine Sonntagszeitung. ($1=.7530 euros) (Reporting by Erik Kirschbaum; editing by Mike Nesbit)