Latest Eurostat figures show that Cyprus spent 2.3 per cent of its GDP contributing to euro zone bail outs while Germany spent 2.1 per cent.
Cyprus wound up implementing a painful austerity program and controversial bank bail in as to avoid default. However, according to Bloomberg, up to the end of 2012 it contributed more of its GDP to euro zone bailouts than the fiscally fitter Germany, which contributed funds that did not exceed 2.1 per cent of its GDP.
Spain, Italy, Malta and Slovenia contributed the biggest sums relative to GDP, shattering the myth of Germany as the country bearing the biggest burden in euro zone bailouts.
Read the details from the Eurostat press release here (pdf).