Will Greece get the debt restructured?

The online gaming operation Betngo.com has let its odds compilers go through the quantifiable data on the debt situation in Greece. The Betngo.com conclusion is that it is a 62.5% chance that Greek debt will have to be restructured within 12 months.
By: Anders Svensson
 
May 11, 2011 - PRLog -- Even if the Greeks could borrow €1.6bn in the markets the 10.05.2011 their balance sheet doesn’t really improve.  The Nation’s debt pile is still growing and the government is unwilling to push further austerity on its citizens who are very likely to cause social unrest should they feel that their quality of life is tangled with. On the other hand, the EU and the IMF have so far shown they are willing to go a long way to save the periphery Eurozone members as their financial problems have occurred. A lot is at stake both financially and politically. The will to solve the problem is there, but is that enough?

Nevertheless, Betngo.com odds compilers have calculated the risk of restructuring to 62.5% meaning that you can get the odds 1.60 should you dare wager that the outcome is debt restructuring. The odds of a restructuring not happening within 12 months is 2.20. An odds of 1.6 simply means you win €16 should you put €10 at risk. They also calculated the odds of Greece requesting to leave the Euro, and the odds on Greece requesting to leave the Euro currency is 2.20 on Yes and 1.60 on no.

Betngo.com Trading manager David Larsson looks serious when he talks about the problems in Greece and the riots in Athens earlier today, he is used to put up odds on fun events and other areas that in general is for pleasure.  It was a tough call if we should put out odds on this event, it affects millions of people and is a very tough situation for the people in Greece. We decided to do it, and we hope that the fact that we put up odds, will increase the talk in regards of putting together a package to help the people in Greece and not put them in an impossible situation as it is today.

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BETnGO.com is a online gaming company that has started to put up odds on news and social events to read out what the people actually think about issues based on how they place their bets. Newspapers and Journalists can contact us if they want odds up on anything there can be a result on.
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Source:Anders Svensson
Email:***@betngo.com Email Verified
Tags:Greece, Debt, Restructure, Odds, Riots, Euro, Social, Unrest
Industry:Banking, Government, Research
Location:Curacao - Curacao - Netherlands Antilles
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