What about the spending?

The German government is planning to reduce taxation by £12.3 bn in a bid to boost the economy:

The German chancellor claimed the reduction would mean average taxpayers would pay 10% less tax next year. "10% less tax means 10% more consumption," he said.

I certainly welcome any reduction in taxes but why is there no mention of a corresponding cut back in state expenditure? I suspect that this is a con and that welfare spending will continue and will be paid for by printing devalued Euros.