Though the paper isn 't explicit on why this is important , officials point out that , as a bank , the esm would be able to borrow from the european central bank , which would give it much more firepower than the efsf .
He argued that if the eurozone ran the esm and efsf in parallel , which appears likely , " that may well be the way forward and once we see that we can move to the question of whether the imf needs more resources " .
