BRUSSELS Dec 13 Some euro zone banks could be
recapitalised by the European Stability Mechanism (ESM) bailout
fund in 2013 under certain conditions, German Finance Minister
Wolfgang Schaeuble said on Thursday.
"This is a relatively unlikely scenario," Schaeuble told
reporters, hours after EU finance ministers reached an agreement
to make the European Central Bank supervisor for euro zone banks
He said European finance ministers wanted to be able to
react in an emergency if necessary.
"The condition for such one-off aid is unanimous agreement
in the ESM, which in the case of Germany needs prior approval by
the Bundestag (lower house)," said Schaeuble, adding that the
ECB would assume its role as banking supervisor from 2014.