German’s angry at picking up tab for Irish bail out

Kate Connolly, the Guardian’s Berlin-based correspondent, reports that ordinary Germans, and the German press, are balking at the prospect of bailing out Ireland, after rescuing Greece earlier this year.

Kate says that if Ireland receives an EU bailout, Germany would be responsible for coughing up about a third of the rescue funds. Earlier today (Tuesday 16 Nov) we heard that Frankfurter Allgemeine Zeitung has calculated Ireland owes German banks $138bn.

German taxpayers are still smarting from the multibillion-euro Greek bailout in May, which led to ugly headlines in the mass-market Bild about excessively profligate Greeks and how frustrated Germans were cancelling their holidays to Crete in protest at having to pay for their fellow Europeans’ unchecked excesses.

Six months on, anger towards Ireland is not yet as acute, but there is growing unease about the idea of Germany having to pay yet again for a fellow European country, particularly one whose per capita annual income is around €34,000 – more than Germany’s €30,000.

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