The foreign taxpayer is paying loans to the greek taxpayer, who is paying taxes to the greek government, who is repaying debt of private greek companies(mostly banks), who are repaiing debt to foreign private companies(mostly banks), who ignored or sidetracked the Basel treaty that clearly stated who can get loans or not. Deutsche Bank was one of the most hard hit from bad loans.[1]

The german media is misrepresenting their request for debt cancellation of private losses, by saying that german taxpayers would have to pay them instead, which ofcourse nobody said that but certain german politicians. (and I would not use spiegel as a credible source).

[1] http://www.forbes.com/sites/kylesmith/2011/09/28/book-review... "When Goldman Sachs helped the New York hedge fund manager John Paulson design a bond to bet against — a bond that Paulson hoped would fail — the buyer on the other side was a German bank. Iceland, Ireland, Greece — all of their profligacy came from Germany."

But it did didn't it? It's close to 1am here so too tired for sources, but if I'm not mistaken, every country in the Eurozone contributed to the bailout in a certain proportion. Not sure how the IMF works, but I would assume something like that?

Again, no sources, but if I'm not mistaken, Germany is making a profit on these loans, as they can borrow at a very reduced (even negative) rate and lend that money to Greece.