In the following years, as the crisis had not abated, European firewalls for the euro area members, the ESFS and its permanent successor institution, the ESM, were established and their firepower was substantially increased in order to address the challenges arising from the banking and sovereign debt crises.
And we know very well that even long-standing “model pupils” have to take care to see that their marks remain good. But I believe the Dutch are sufficiently self-assured to be able to cope with praise, too. It is the ability to adjust flexibly that determines “the ascent and decline of nations”, and thus their currencies as well.