Jean Marc Ayrault France’s new Prime Minister has blown some fresh air, and sense, into the musty German dominated European directorate. He is urging for a change of policy and the introduction of stimulus measures rather than recession inducing ones. He said “We waited too long before helping Greece. This has been going on for two years now and only gets worse.”

Much worse, just about unsustainably so I would say.

But before your cheer that perhaps some common sense is returning to Europe, sense that might just oust the prevailing destructive sterile German imposed dogma, our great friend and Euro Group Chairman to be Wolfgang Schauble said: “We want Greece to stay in the Euro, provided it meets its commitments.” Now, Greece’s ‘commitments’ are the harsh and impossible austerity terms our appointed Quisling government signed up to under duress.

So, according to Schauble, if Greece wants to remain in the Euro it must continue down the sliding slope of recession for a few more decades. (His estimate). But in an up beat tone, he also said: “…in 12 to 24 months we shall see a calming of the financial markets.”

Based on what, Mr Schauble? The continuing destruction of Europe? Spain, also forced into the German austerity-cures-all panacea, is already in recession and surprise, surprise, her deficit is growing. Not to mention the horrendous level of unemployment.

Nevertheless, pressure is being put on Germany that this Nonsense Economics has to stop or else the whole global economy is in danger of going up in flames. So now that she has lost her faithful side kick with the spinal disorder she is beginning to make conciliatory noises and conceding with a shrug that well okay, maybe, a little growth might be of help… Though she hastens to add, but we mustn’t borrow!

In Siobahn Dowling’s article in the Guardian today (German Stance on Greek Crisis Softens  As Eurozone Fears Mount), she quotes The Frau as saying: “I have the will and the determination to keep Greece in the Eurozone.”

Now why don’t I find that at all reassuring?

The German Will has triumphed before, and look what happened: