And in addition to this, a geopolitical crisis has taken a toll of our growth. What can we do? What do we have to do? In June 2011 I invited with Timo Kalli, the chairman of the Parliamentary Supervisory Council two businessmen and a new M.P. who was a former businessman to Bank of Finland to discuss the economic situation.
One of the businessmen was Jari Paasikivi from Oras, who is having its 70th anniversary today and the new M.P. was Juha Sipilä, who forming a new government today. The agenda has developed but not fundamentally changed. We have three major tasks. 1. We need to restore cost competitiveness of our economy. This is the pre-condition to create growth and jobs. Social partners. 2.