Cyprus Tops Germany as Bailout Payer, Relatively Speaking
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Even as Cyprus crashed toward a bailout, its government contributed more in relative terms than Germany to fighting the euro debt crisis.
Cyprus funneled 2.3 percent of its gross domestic product into rescue lending by the end of 2012, exceeding Germany’s 2.1 percent share, according to data published today by the European statistics office in Luxembourg. Germany delivered the most in absolute terms.