A good review of the German recovery and reform!

A good review from Wolfgang Münchau of the FT. The last two paragraphs were very telling:

In all these years, I have yet to meet a single politician in a large
continental country with a plausible economic reform strategy. I suspect most
European voters have not met one either. The electorates have regrettably, but
logically, concluded that parties advocating economic reforms cannot be trusted.
Do not blame the voters. The idea that voters are incapable of grasping what is
good for them is plainly absurd.
The small countries have fared better, but their successes hold few lessons as their political economy is so different from that of large countries. It is now time for a new approach, something strategic, and something that does not call itself “agenda” or “reform”. Both words, and the politicians who use them, are associated with failure.

Bad indictment, no? And then the forthcoming Lisbon meeting will be taken up with that exceedingly stupid Reform Treaty. When will these politicians learn that their citizens are stupid?

All this to be taken with a grain of piquant salt!!!