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"No End to Recession in Sight"

The European Business Leaders' Convention held in Helsinki on Saturday was attended by senior executives from 25 countries. High on the agenda was the current economic crisis. Among the participants were Anatoli Chubais chair of the Russian State venture Fund RUSNANO, TeliaSonera CEO Lars Nyberg and Ericsson's Chairman Michael Treschow. The council's proceedings were chaired by Jorma Ollila, Chairman of Nokia and Shell. The Convention's Secretary General Risto E.J. Penttilä told YLE the meeting had concluded with no clear view of when the economic crisis in Europe would end.

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