Opportunities exist for those who identify the signs of real recovery

March and April's rally has ensured European investors have a spring in their step and after a long ...

March and April's rally has ensured European investors have a spring in their step and after a long and harsh winter, the market's bulls do not have to look far to find green shoots. While I believe Europe is through the worst of its problems, I have reservations about the timing and pace of recovery across the region. The first point to make is that Europe is a diverse region, comprising many predicaments and responses to the crisis. In the west of the continent, Spain and Ireland are suffering from debt-fuelled excesses and crumbling house prices and find themselves in a similar situati...