Positive forecasts from European bosses

Two of Europe’s leading industrial bosses presented in June 2010 surprisingly positive forecasts for their businesses in 2010, in spite of the fiscal squeeze caused by the euro crisis.

Peter Löscher, chief executive of engineering group Siemens, and Leif Johansson, head of truckmaker AB Volvo, said in separate interviews with the FT they saw no signs of a 'double-dip' recession despite the austerity measures announced in several European countries in the wake of the Greek financial crisis.