Is the Euro doomed? You bet...
William Hill are betting on whether the Euro is still a functioning currency by the end of 2012 - and offer odds of just 13/8 that it has disappeared by then. 'Most punters are taking a pessimistic view of the Euro's future and over three quarters of the bets we are taking are for the Euro to disappear rather than to survive' said Hill's spokesman Graham Sharpe.
Hills have also cut their odds for the Greeks to quit the Euro before the end of the year from 5/6 to 8/11.
With the Spanish financial system facing more turmoil, William Hill have cut their odds that the country will be the first to quit the Euro from 5/1 to 4/1, and also offer 5/1 that the country will ditch the Euro before the end of 2012. 'All of a sudden punters are plunging on Spain as well as Greece to be the first out of the Euro' said Hill's spokesman Graham Sharpe.
Greece is 1/8 favourite with William Hill to be the first country to quit the Eurozone. Hills make Spain 4/1 second favourites and also offer 12/1 Italy; 16/1 France/Portugal; Germany; 20/1 Ireland; 33/1 Belgium. 'The Greeks, and quite possibly the Spaniards, seem to be headed down a path which looks sure to lead one or both of them out of the Eurozone' said Hill's spokesman Graham Sharpe.
The Euro still to be a viable currency on Dec 31, 2015, 4/9 Yes; 13/8 No.
Greece to withdraw from Euro by end of the year - 5/6 Yes; 5/6 No.
Spain to withdraw from Euro by end of the year - 5/1 Yes; 1/10 No.