Not bigger, but better? The ESM prepares for lift-off

The European Stability Mechanism, Europe’s permanent bail-out borrower, is set to launch its first benchmark next week, almost three years after sister organisation the European Financial Stability Facility debuted as the eurozone sovereign debt crisis began to bite. Christophe Frankel, deputy managing director and chief financial officer of the ESM, speaks to EuroWeek’s Tessa Wilkie about the supranational’s issuance plans.