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William Hill, the UK's largest Bookies, has given odds of 10 - 11 that Spain will be the next country to request EU aid after Greece.
The London-based Bookmakers has agreed to pay €1.10 for every €1 invested if Spain formally requests the IMF, European Central Bank and the EU for financial aid.
Barcelona newspaper, La Vanguardia, reported that William Hill has also put Italy in second place with odds 3 to 1 Euros if Rome is finally forced to request international support, with Cyprus in third place, offering odds of 7 - 2.
Germany comes at the bottom of the list with odds of 500 - 1.
In a similar bet, the Bookies are offering odds of 10 - 3 if Spain applies for a bailout by 2015.