By Claire West

With the Spanish financial system facing more turmoil, William Hill have cut their odds that the country will be the first to quit the Euro from 5/1 to 4/1, and also offer 5/1 that the country will ditch the Euro before the end of 2012.

'All of a sudden punters are plunging on Spain as well as Greece to be the first out of the Euro' said Hill's spokesman Graham Sharpe.

‘Most pundits seem to believe that the Euro is on the way out in Greece, sooner rather than later’ said Sharpe.

'The Greeks, and quite possibly the Spaniards, seem to be headed down a path which looks sure to lead one or both of them out of the Eurozone'