- Germany's federal audit office warns Bundesbank may need a bailout to cover losses from ECB's bond-buying scheme.
- The audit office report may make it harder for the ECB to carry out similar programs in the future.
- Bundesbank announced a €1bn hit from its bond holdings in March.
- The purchases under the ECB's public sector purchase program pushed up the price of the bonds, leading to negative rates.
- Bundesbank's future losses could wipe out its remaining financial buffers.
Bundesbank may need recapitalisation to cover bond-buying losses
German audit office’s report could make it harder for European Central Bank to carry out similar programmes
Guy Chazan
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