[fennecfoxen]

The 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]

I don't see how that has to do with Germany paying italian debt, since Italy participated in the bailout of Greek banks.