Who's exactly paying for this?
Apparently I am...
The loan is made by the ESM. Since the base capital of the ESM is provided in cash by the separate nations of the EU it is essentially payed for by the taxpayers.
But since this is offered as a preferred loan the chances that the money doesn't come back are slim,
and I guess that if it doesn't, that will be the least of my worries, as this implies some sort of catastrophal event.
Including you. You just loaned (100 billion * 1.5%/4.5 million Paddies) =333 Euro's to Spain.