http://www.telegraph.co.uk/expat/expatnews/7710001/Germany-might-have-to-foot-entire-euro-aid-bill.html
Well not the entire bill Germany, the American taxpayer is making a very large contribution through the IMF, and I heard that that figure just got even larger since England said they refused.
And yes you are apt to be held responsible for the entire European sum, because lets face it, it's not logical to expect any of the piigs to be able to come up with their share, since they are the prevailing reason at this point, for the needed bailout.
Germany's opposition Social Democrats (SPD) said on Tuesday they had not decided whether to support a European rescue package for the euro, and warned the country could end up footing the entire cost of the bill.
The package - 440billion euros in guarantees from euro states plus 60billion euros in a European stabilisation fund - includes some 123billion in loan guarantees from Germany, a German government source said on Tuesday.
SPD parliamentary whip Thomas Oppermann told ARD television there were still too many open questions about the plan, which parliament is due to begin debating next week.
"What happens if other countries who get aid from the package drop out? Will the German share increase then?" he said.
The government has said the German share could rise because not all EU member states would have the means to participate.
"In the worst case scenario, the Germans may have to guarantee the 440billion euros alone, and we won't be able to do that," added Oppermann
"We are Europe's fools again!" Germany's biggest selling daily, Bild, said on its front page on Tuesday.
Meanwhile, hedge funds, banks and speculators could do what they wanted on financial markets, Oppermann said.
"A substantial participation of the banks and hedge funds in the costs of the crisis must be arranged," he said.
"Today we'll probably just see a simple authorisation of credit again
EU finance ministers said the International Monetary Fund was expected to contribute 250billion euros to the package, taking the total to 750billion euros, about £642billion
