German grad grinding

"the euro—the currency that Germany shares with 18 other countries—may (or may not) be at the right level for all 19 euro-zone countries as a group, it is too weak (given German wages and production costs) to be consistent with balanced German trade. In July 2014, the IMF estimated that Germany’s inflation-adjusted exchange rate was undervalued by 5-15 percent 
Since then, the euro has fallen by an additional 20 percent relative to the dollar. The comparatively weak euro is an underappreciated benefit to Germany of its participation in the currency union. If Germany were still using the deutschemark, presumably the DM would be much stronger than the euro is today, reducing the cost advantage of German exports substantially."

Okay Germany can't unilaterally lift the euro forex
But it can stimulate domestic spending by borrow and spend transfer payments 
Yes a tax holiday of massive proportions on credit " detained " households 
Detained ?

Fuss budget sanctimony and stoic vanity !!

Here's an obvious plan

"

1. Investment in public infrastructure. ........the quality of Germany’s infrastructure—roads, bridges, airports—is declining, and that investment in improving the infrastructure would increase Germany’s growth potential. Meanwhile, Germany can borrow for ten years at less than one-fifth of one percentage point, which, inflation-adjusted, corresponds to a negative real rate of interest. Infrastructure investment would reduce Germany’s surplus by increasing domestic income and spending, while also raising employment and wages

1. Raising the wages of German workers. German workers deserve a substantial raise, and the cooperation of the government, employers, and unions could give them one. Higher German wages would both speed the adjustment of relative production costs and increase domestic income and consumption. Both would tend to reduce the trade surplus.
2. Germany could increase domestic spending .......including for example increased tax incentives for private domestic investment; the removal of barriers to new housing construction; reforms in the retail and services sectors; and a review of financial regulations that may bias German banks to invest abroad rather than at home"

The problem ?

These are "Hillary heavy " programs :

Incentives to profiteers ?

Infra structure spending ?

Yikes neo liberal corn porn and con porn 

The massive tax holiday 

Including obviously 

Rebated "consumption taxes " on durable purchases 

Has a liberation feel to it !

Raising wage rates ?

will happen as demand accelerates