It is now five years since the onset of the worst economic and financial crisis in decades, and the main scenario continues to be one of high risk – including the so-called fiscal cliff in the United States and unresolved financial, fiscal and institutional agendas in Europe. The majority of OECD countries are still facing the consequences of the crisis: high public debt, sluggish or even negative growth, record high unemployment, and fragile banking systems. The deterioration of confidence only adds to the downside in this scenario.