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This is Europe so I would expect tax payers to foot the bill.

As opposed to the US or Russia China or Africa where the bill is footed by...

Oh yes the taxpayer

But in the EU we generally don't have someone making epic profits off the process. (Epic profits are against the rules.)

This is Italy, so the taxpayers who will foot the bill are probably German.

That has never happened in history and I don't see why you think it will this time.

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.)

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

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