As far as one major bookmaker is concerned the odds of the euro surviving past 2012 are reducing sharply.
Bookies William Hill are now offering odds of 3/1 that the Eurozone single currency will reach its demise prior to the end of 2012, which is a vast reduction considering it was once offering 10/1.
William Hill has also slashed the odds of the UK pulling out of the EU before the next general election takes place from 33/1 down to 20/1.
“With David Cameron talking about the possibilityÂ of vetoing proposals designed to protect the Euro, some political pundits and punters believe there could be a chance of the UK leaving the EU in the relatively short term future” said William Hill’s spokesman Graham Sharpe.
Interestingly Boris Johnson’s recent remarks about the possible need for an EU referendum have done him no harm. He is now 1/3 odds on favourite to win the next London mayoral election, with Ken Livingstone trailing on 9/4.
The blonde mopped Boris is also quoted as the 4/1 favourite to win the next Tory leadership (look out David).
“We believe that Boris may have spotted an opportunity to cause a little mischief which will do his own prospects of eventually leading the Tory Party no harm whatsoever” said Hill’s Graham Sharpe.
Other odds quoted are that Nicolas Sarkozy is unlikely to win the forthcoming French Presidential race, that goes to Francois Hollande who is the 4/9 odds-on favourite.
Now back to the Eurozone with some more:
'It has been one way traffic in our market on whether the Euro will survive until 2013, with punters only wanting to bet on its demise' said Mr Sharpe 'If one country is going to start the domino effect we're betting it will be Greece'.
EUROZONE TO BREAK UP BEFORE 2013
FIRST COUNTRY TO LEAVE EURO:
1/ 4 Greece
20/1 France; Ireland
GREECE TO DROP EURO BEFORE 2013