'Whatever it takes" were the three famous words used by former ECB president Mario Draghi when he told investors what the ECB was prepared to do to save the euro at the height of the eurozone debt crisis in 2012.
Markets immediately reacted positively to this simple but powerful three-word message from an otherwise cautious and carefully scripted central banker. As it turned out, those words were pivotal in paving the way towards a long, and admittedly painful, road to recovery for the eurozone.
Words clearly matter in a time of crisis. However, the coronavirus is a unique challenge for everyone. Words alone will not be able to get us out of this crisis, the death toll won't be halted by political statements and businesses won't get back up and running on the back of positive comments. Radical measures, decisive action and strong leadership are needed from the EU if we want to bring about a sustainable recovery.
But just like in 2012, I truly believe that Brussels is prepared to do "whatever it takes" to get us out of this crisis and back on the road to recovery.
I believe that the action taken so far by the EU has been extraordinary. I believe that the budgetary support provided for governments and businesses is unprecedented.
Every time a crisis comes around, however, we get a raft of headlines and commentary predicting the imminent demise of the EU. When the EU failed to agree to 'coronabonds', whereby member states would pool their debt together, this triggered a wave of doom-mongering with international publications from 'Politico' to the 'Wall Street Journal' suggesting a potential collapse of the union.
Just as with the financial crisis, the migration crisis and the Greek government debt crisis, Brussels is used as a punch-bag when things go wrong.
There is no doubt that the EU's initial response to coronavirus was not good enough. The urgency was not there when it was Italy battling the virus alone. There was little co-ordination in how lockdown measures were imposed from member state to member state.
Following some of these early mistakes, the EU has since stepped up and put its full weight behind a strong response to the crisis.
Much has been written about the vast financial support that has been put on the table by the EU - the €540bn package agreed by EU leaders, the €750bn made available by the ECB, the EIB's €200bn support package for SMEs, the €100bn unemployment reinsurance scheme to support workers affected by the pandemic.
But little has been written of the fact that these decisions were taken with extraordinary pace. Just a few short months ago, many of these measures would have been unthinkable, even in a time crisis. Some would have been considered as federalist fantasies.
We can now see that this crisis gives us a major opportunity for fundamental reform of the way we do business in the European Union. If Brussels can agree to a half-a-trillion-euro economic package in the space of two weeks, why can't similar packages be agreed for other sectors in a short space of time?
While recognising the immense threat Covid-19 poses to Europe, there are lessons that can be learned.
There are many unfinished projects in the EU - the European Green Deal project has only scratched the surface, the EU's Banking Union still remains incomplete, we still don't have an EU digital single market that is fit for purpose, and much more work is needed on the EU's gender equality strategy and developing a social market economy.
So often, these projects can become bogged down in bureaucratic quandaries or become stuck in the complex EU legislative machine.
However, if we apply the same level of urgency that we have seen in the EU coronavirus response, there is no reason why we cannot deliver on these flagship EU projects that will be crucial in transitioning Europe to a greener and more equitable economy.
As European Commission President Ursula von der Leyen said this week in a speech to the European Parliament: "We must boldly use this opportunity to build a modern, clean and healthy economy, which secures the livelihoods of the next generation."
The EU is by no means perfect. Decision-making can be frustratingly slow and many competing interests have to be catered for. But we should have the courage to speak up for Europe when it takes bold action.
We should remember that the EU is built on solidarity. We should remember that Ireland has benefited from EU solidarity to the tune of €40bn in net receipts since 1973. And we should not forget the unwavering support received from our fellow EU member states during a painful two-and-a-half-year negotiation between the EU and the UK on the Brexit Withdrawal Agreement.
Let's not downplay the EU at this critical time. Let's instead recognise that the EU is a vital part of our recovery from this crisis. Let's recognise that we now have an opportunity to strive for a reformed EU that truly delivers on its goals.