Angela Merkel, the Chancellor of Germany (Photo credit: Wikipedia)

This is an excellent and MUST READ article from Spiegel. Check it out!

German Government to Test Stimulus Instead of Austerity – SPIEGEL ONLINE.

If I understand the Spiegel article correctly Germany is ready to invest in Southern Europe in a sort of mini-Marshall Plan. This would appear to be a major turning point in German policy on austerity. This is a very shrewd move from Germany and will be welcomed with open arms in Southern Europe. It’s early days so far but it looks like Spain will be a test case.

If Angela Merkel can perform a U-turn on austerity, surely David Cameron and George Osborne can do the same?

Any thoughts?

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