Greece Is 'Dead Wood' in Euro Zone: Fund Manager

Greece should leave the euro zone in order to prevent the sovereign debt crisis engulfing major economies and threatening its very existence, a fund manager told CNBC.

"We need to move on from the dead wood in the euro zone because it is that dead wood which potentially is going to infect the whole piece," Henry Dixon fund manager at Matterley Asset Management told CNBC Tuesday.

"We have a chance now to contain it at Greece, maybe Portugal. Ireland has done a great job in dealing with its crisis. It's telling that there has been very little rhetoric about Greece," he said.

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Posted in: Berita Fundamental Forex,Economic News,European Crisis