Gambling Web Site Gives Odds On Greece Default, Grexit

The gamblers watching the Greek election have spoken, and they see the potential for a Grexit. The odds of Greece leaving the Euro currency is 4 to 1, according to gambling web site Paddy Power.

The betting web site thinks Greece leaving the Euro before 2018 is the most likely of all results it is handicapping. The betting site says the odds are 7 to 1 that the European Commission confirms that Greece has ‘defaulted’ on debt in 2015, assumedly debt default as determined by the International Swaps and Derivatives Association (ISDA). ISDA declared the government of Argentina in default of its bond obligations last summer, a rare...