From an editorial in The Economist (14/2/15) with the title, “The German Economy. No new deal”. If you think anyone has learned anything from the past six years, please see below:

A first mistake is to insist that troubled euro-zone countries such as Greece not only make structural reforms to their economies, but simultaneously cut spending and borrowing (depressing demand). But a second is domestic. Given low interest rates, now would be a golden opportunity to borrow and invest more at home, boosting the economy and providing a Keynesian stimulus to the entire sluggish euro zone.

Their advice to the one European economy that has come out of the GFC relatively all right is to start copying every one of the idiocies perpetrated by the others.