Ladbrokes forced to suspend betting on Greek eurozone exit
A SURGE in bets on Greece exiting the eurozone by the end of the year has forced bookmaker Ladbrokes to suspend betting after it repeatedly cut the odds.
“It is safer for us to suspend betting than to keep cutting the odds,” a spokesman told news agency Reuters.
Greece is in its third day without a government following an election with speculation growing that the troubled country could be forced out of the single currency - even though no mechanism currently exists for this to happen.
"We have been slashing the odds repeatedly over the last few days,” he said.
"If we get some positive news we will open the book again."
Ladbrokes is also offering odds on the euro ceasing to exist by the end of 2012.
The bookmaker said it had "plenty of support for the 33/1 on offer the currency was scrapped entirely this year".
Ladbrokes is offering odds of 5/6 that the euro will cease to exist by the end of 2015.