Europe is often portrayed as a ship with sails of different colours from different countries pushing the common boat in the right direction. From 2010 to 2012, that ship faced the perfect storm: The euro area almost caused the ship to sink, there was massive disagreement on how to get out of the storm, and it was unclear who was steering the ship. However, Euro-Europe eventually
managed to buoy the ship while in the eye of the storm, and the decisive action by ECB President Mario Draghi, arguably not the captain of the ship, managed to steer the common project away from imminent danger
