BlackRock's Bolton: Greece should never have joined euro

BlackRock's head of European equities Nigel Bolton has said Greece should never have been granted membership to the eurozone because of its weak economy, and warned it must leave as soon as possible.

As calls for the country to exit the euro continue in some quarters, Bolton delivered a scathing attack on the country, saying it offers ‘little' to enhance overall growth in the eurozone. Bolton - running the group's BGF European Focus fund - said Greece has abused its position in the eurozone, racking up a mountain of debt for which the whole continent is now paying the price. He said this situation needed to end now, with Greece exiting the single currency in order to restore growth to its economy and stop it burdening other member states. "Greece should not have been allowed in...