Reform package: Germany back on track?

The Neue Zürcher Zeitung insists that bolder reforms are needed:

“To truly get Germany back on track, the government would have to do much more. It would have to drastically scale back state influence over the economy instead of further expanding it – as planned – by setting up a state-owned housing association and pursuing a runaway subsidy policy. Only when government spending falls relative to economic output can entrepreneurship, economic dynamism and prosperity flourish again. Unfortunately, there is no sign of this happening. The government’s reform package can therefore only be the start, which must be followed by further steps. Otherwise, the intended ‘great leap forward’ risks ending up as nothing more than a hop on the spot.”