Downgrade throws ESM superiority over EFSF into question
The European Stability Mechanism is likely to price at close to the European Financial Stability Facility when it launches its inaugural bond, despite having a clearer structure, according to analysts.
Unlock this article.
The content you are trying to view is exclusive to our subscribers.
To unlock this article:
- ✔ 4,000 annual insights
- ✔ 700+ notes and long-form analyses
- ✔ 4 capital markets databases
- ✔ Daily newsletters across markets and asset classes
- ✔ 2 weekly podcasts
