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Greek Prime Minister 4/6 to be in charge by end of 2011

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The Greek Prime Minister is 11/10 to leave before the end of the year, while Paddy Power offer 1/4 that a referendum on Greek loan terms is held in 2012

Beleaguered Greek PM George Papandreou will still be in his job by the end of the year according to Paddy Power. The bookmakers now have him at 11/10 to have left the post before 31st December 2011 and 4/6 to still be in power.

It comes after a referendum was called on the proposed bailout package, and six members of his own party called on him to quit.

We believe it is highly unlikely any referendum would be passed. With odds of a No in a 2012 referendum standing at a narrow 1/10 –it is 5/1 for a Yes.

Paddy Power told Bettingpro: “This Greek tragedy shows no sign of having a happy ending. The Greeks voting for more austerity is like a turkey voting for Christmas, but we believe that Papandreou is Hobson’s Choice for the Greeks and we can’t see how a replacement would do much better. The stock markets will continue to be nervous whilst this uncertain ty continues.”

Will a referendum on Greek loan terms be held in Greece in 2012?
1/4    Yes
5/2    No

Result of Greek Referendum on current bailout terms
5/1     Yes
1/10    No
*Bets void if Greek Referendum on current bailout terms does not take place

Will George Papandreou be Prime Minister on 31st December 2011?
4/6      Yes
11/10   No

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Greek Prime Minister 4/6 to be in charge by end of 2011

The Greek Prime Minister is 11/10 to leave before the end of the year, while Paddy Power offer 1/4 that a referendum on Greek loan terms is held in 2012

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