The EMU quest for integration: what does the ECB's collateral data tell us?

The ECB recently announced that its quantitative easing programme will stop at the end of 2018. Corrado Macchiarelli and Mara Monti write that the way this decision is managed will be crucial for avoiding potential market disruptions in the eurozone. However, the key long-term concern will be achieving political consensus in the coming years given the challenge posed by the rise of populist parties and declining support for the EU’s institutions.