Region in middle of a V-shaped recovery

European equities is not the most popular asset class right now and Greece's very public debt problems are an indication of why.

The region has its problems in several countries at the extremities, but its vast scale and diversity is its strength and the next few quarters could prove very profitable for investors in the region. Central to this view is how the economic recovery is taking shape. Although some very recent data has been mixed, I still think Europe is in the middle of a V-shaped recovery, the strength of which is likely to surprise most investors and businesses. Negative double-digit industrial production in late 2008 and early 2009 has reversed into what I think will be strong positive activity ear...