This message come either from eZ Publish or from xdebug PHP extension. You can rise value in template.ini.[ControlSettings].MaxLevel or in php.ini (check xdebug manual for more information).
If you see this message, double check that it is what you think it is.
If the message really says: "No translation found for message: 'The maximum nesting level of 40 has been reached. The execution is stopped to avoid infinite recursion.', tried the following files: ........"
...then it means only that this string is not translated. You have no recursion problem in this case. The same goes for all other "No translation found" messages. You may see such messages even though the untranslated strings they refer to are not displayed anywhere.
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