Germany signals a historic shift from austerity
(WorldNews Germany)

Until March 21, Germany´s policymakers were like the Japanese soldiers who spent years lingering in the jungles of the Philippines, refusing to accept the reality that their country had lost World War II. In the case of Berlin, it was a case of the country stubbornly refusing to abandon six years of fiscal restraint, even as it became clear that such spending would be required to mitigate the impact of a pandemic that was bringing the global economy to a virtual standstill. That all appears to have changed now, with the government announcing a series of proposals that represent in aggregate approximately 10% of Germany´s gross domestic product. Part of the package takes the form of direct...