This European stock is dirt cheap - you should buy it now

Europe may be in crisis, but there are still stocks worth buying on the Continent, says Matthew Partridge. Here, he tips one European manufacturer with a global reach that looks very cheap indeed.

A couple of months ago, I tipped Italian car manufacturer Fiat (MIL: F)

Why? Well, Italy might be mired in recession and struggling with budgetary woes, bet economic reform is continuing. Employment laws are being changed to make the labour market more flexible and meritocratic, which is expected to cut costs and boost productivity. And if Italy leaves the euro, exporters will benefit from a better exchange rate.

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Dr Matthew Partridge
Shares editor, MoneyWeek

Matthew graduated from the University of Durham in 2004; he then gained an MSc, followed by a PhD at the London School of Economics.

He has previously written for a wide range of publications, including the Guardian and the Economist, and also helped to run a newsletter on terrorism. He has spent time at Lehman Brothers, Citigroup and the consultancy Lombard Street Research.

Matthew is the author of Superinvestors: Lessons from the greatest investors in history, published by Harriman House, which has been translated into several languages. His second book, Investing Explained: The Accessible Guide to Building an Investment Portfolio, is published by Kogan Page.

As senior writer, he writes the shares and politics & economics pages, as well as weekly Blowing It and Great Frauds in History columns He also writes a fortnightly reviews page and trading tips, as well as regular cover stories and multi-page investment focus features.

Follow Matthew on Twitter: @DrMatthewPartri