Paddy Power puts Greece at 4/1 to drop the Euro

The shift of political power in Greece following last Sunday’s national elections which saw radical left wing party Syriza take control under the leadership of new Prime Minister Alexis Tsipras, has not gone unnoticed by bookmakers.

This week Paddy Power had announced that Greece is now 4/1 to drop the Euro currency within four years, as Syriza leaders and Tsipras have cited to end imposed austerity measures as Greece looks to take control over the terms of international creditors. .

In tandem with the centre right populist Independent Greeks party, Syriza stated that it would look to take on the might of the EU and the terms of its 2009 debt crisis, as the newly elected governing party looks to renegotiate the £180bn bailout with both the European Union and the International Monetary Fund.

EU member states have shown respect for the will of the Greek citizens, however a group of EU representatives have stated that Greece will have to abide to the terms of its bailout conditions.

“There are rules, there are agreements,“ German Finance Minister Wolfgang Schäuble said of the framework for Greece’s financial rescue. “Whoever understands these things knows the numbers, knows the situation.”

A Paddy Power spokesperson said in an email statement: “Other countries suffering from the effects of austerity will be watching on with interest as the Syriza government lock horns with the EU.”