Paul Moore, Chief Investment Officer of PM Capital explains what he is observing with respect to Europe and the economic recovery. "Every time you get a bit of noise around Greece people get nervous. The reality is that if you look at the underlying trends you are starting to see positive momentum." From an investment perspective Moore says that Europe is a few years behind the U.S. and is still offering an attractive risk reward proposition. For example Banks are just starting to enter the period where they are looking to lift pay out ratios and the Spanish property sector is in the very early days of recovering from the recent lows. In this video Moore provides some insights into where he has been investing and the feedback he is getting from companies operating in the region.