ECB Bond-Buying Could Trigger Bailouts as Losses Mount, IMF Warns

Europe's money-printing risks triggering bailouts as governments pay the price of cheap money, warns BNP Paribas.

IMF says ECB faces "large" losses of €55bn over next 2 years, wiping out Bundesbank's reserves.

Germany and Netherlands acknowledge bailouts may be necessary as losses mount.

ECB bought €5 trillion of bonds during euro crisis and pandemic to support economies.

IMF If ECB sold all its bonds now, it would lose €1 trillion, wiping out all loss-absorbing buffers.