With the European news agenda dominated by doom and gloom, EU business associations sought to underline the positives at their annual Brussels event.
This year's Euroconference, held on 15 May, brought together familiar faces in the small world of Brussels-based EU trade associations.
The crisis is sparing no-one and business associations themselves have to live through difficult times, compounded by the twin challenges of austerity at home and strong competition from overseas.
But most speakers at the event said Europe could seize the opportunity to emerge stronger from the crisis.
Economists from the Bruegel think tank and the European Commission pointed to how well the austerity programmes had been implemented to date in Ireland, Portugal and Greece. Economic growth, while sluggish – if not negative – in most parts of Europe, continues to storm ahead in Germany and countries like Poland.
Moreover, the European Central Bank has proved a capable firefighter in the crisis, increasing its assets to flush the economy with liquidity.
Political leadership on the other hand has been weak, most speakers agreed.