4 ms·
This is Italy, so the taxpayers who will foot the bill are probably German.
by fennecfoxen 7y ago
This is Italy, so the taxpayers who will foot the bill are probably German.
- stefano 7y agoThat has never happened in history and I don't see why you think it will this time.
- fennecfoxen 7y agoThe European bailout of the Euro in May 2010 was a Germany-led bailout of Greek banks, with Germany borrowing the money and German taxpayers shouldering the risk (and following up with subsequent bailout rounds). (They may have made a little money off the operation on net, yes, but that little accounting profit is a lot less impressive when you consider the risk of loss to which the German taxpayer was exposed.)
- stefano 7y agoI don't see how that has to do with Germany paying italian debt, since Italy participated in the bailout of Greek banks.