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Betting On Eurozone Crisis

There are two voices at battle this Christmas, the sentimental tinsel- based emotionalism supported by a striving commercialism and the tirade of bad economic news.  Despite the endeavours of the High Street and the Internet it appears that sales figures are down, despite massive reductions, as the nation fears for the buying power of the pound in the New Year. For every story framed by Rudolph and Santa, there is another about the euro zone crisis and the furtive to-ings and fro-ings of Angela Merkel and Sarkozy.   Bookmakers Paddy Power are aware of these two trends and, now that the X Factor and Strictly Come Dancing are over, are headlining the gamble about which nation will leave the euro zone first.

Whilst this punt is hardly festive, it is a powerful undercurrent across the land.  As unemployment figures increase and austerity measures bite even further, the prospect of a euro zone collapse and the potential knock on effect to the British economy, the turkey will certainly be tinged with worry this year.

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