Ladbrokes political market favours Brexit

Ladbrokes has surprised political commentators by announcing that the UK is more likely to leave the European Union than Greece. The bookmaker has placed Greece at 2/5 to remain a Eurozone member in 2015, while cutting the odds on a ‘Brexit’ from 7/2 to 3/1.

Following last Sunday’s Greek Euro Referendum which saw the beleaguered nation vote NO to further austerity measures placed upon their economy, European Union leaders are currently discussing Greece Eurozone status.

At present Greece still remains a part of European economic currency union, as its Prime Minister Alexis Tsipras presents new bailout and debt repayment proposals to European Leaders and the ECB, which must be agreed on.

Reporting on its Brexit market, Ladbrokes PR Officer Alex Donohue detailed that the bookmaker had seen an increase on wagers placed on a UK EU exit.

“Betting markets favor Greece’s euro zone membership staying intact until the end of the year at least. Looking at longer term implications of the result, there’s been a marked increase in British political punters backing a Brexit this morning”.

Since gaining re-election Prime Minister David Cameron has made the EU referendum top of the Conservative agenda. The referendum was a key objective of the Conservatives 2015 General Election campaign, however the subject matter has been particularly fractious to the conservative camp having split party opinion.

Cameron had stated that an EU Referendum would definitely take place during his second term, the Conservative PM has faced mounting calls for to set the referendum for 2016