Germany transfers less money per citizen into the European Stability Mechanism (ESM) than other euro-zone countries, SPIEGEL has learned. Although Germany contributes a larger portion of the permanent euro bailout fund than any other country -- 27 percent -- it also has the largest population and strongest economy in the European Union .
When the contributions of the ESM member countries are adjusted according to each country's respective population, Germany ranks fifth. That's the finding of a review of the Luxembourg-based euro fund authored by EU parliamentarian Elmar Brok, a member of Germany's conservative Christian Democrats.
According to his assessment, each German taxpayer contributed an average of €264.80 ($358.46) to the ESM over the past year. Luxembourg, by comparison, contributed €373 per person, with Ireland, the Netherlands and Finland also paying more per capita than Germany. The smallest adjusted contribution comes from Estonia, the newest member of the 17-country currency union.
EU member states have contributed some €48 billion to the rescue authority to date. The cash contribution of the ESM is expected to increase to a total of €80 billion by mid-2014, with the next installment due in October.