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Betting odds show ‘Grexit’ chances fall as deadline looms | Reuters

“No signs of Greece lightening up just yet but we’re still odds-against at 11/8 on a Greek escape this year,” Paddy Power said in a statement.

Odds of 11/8 imply a 42 percent probability of Greece leaving the euro zone this year compared with odds of 11/10, or a 48 percent likelihood, on Tuesday.

(Reporting by Jamie McGeever; Editing by Susan Fenton)

William Hill said its latest odds of a Grexit in 2015 stood at 13/8, implying a 38 percent chance. bank Citi, whose economists coined the term Grexit in 2012, on Thursday said that is now its base case scenario. On Wednesday, it offered odds of 5/4, implying a roughly 45 percent probability.

William Hill also offered odds of 4/9 that Greece will still be in the euro zone on Jan. Citi joins a clutch of other big banks, including JP Morgan and Barclays, who now say Grexit is more likely than not. 1 next year, implying a probability of 69 percent.

U.S.

LONDON The chances of Greece leaving the euro zone this year fell on Thursday, according to bookmakers’ betting odds, just three days before the deadline for keeping the country in the 19-nation bloc.. Prime Minister Alexis Tsipras raced on Thursday to finalize a tough package with tax hikes and pension reforms due within hours if Athens is to win a new aid lifeline and avoid crashing out of the euro. On Wednesday, its odds of 4/7 reflected a 62 percent chance of no Grexit this year.

A sense of optimism that Athens and its creditors will reach agreement by Sunday’s European Union summit lengthened the odds of a “Grexit” this year, Paddy Power and William Hill said.

But it remains a close call.

The latest betting patterns come as the Greek debt crisis enters its most critical phase yet

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