Bookmaker slashes odds on Pope's resignation
LONDON (Reuters) - Irish bookmaker Paddy Power said Friday it had cut the odds on Pope Benedict XVI resigning after allegations of child abuse by priests in Germany gripped the Roman Catholic Church.
Ireland's biggest bookmaker, which has branches in Britain as well as Catholic Ireland, said it had cut the odds from 12 to 1 to 3 to 1 following a "cascade of bets."
The bookie also said it had cut the odds on Nigerian Cardinal Francis Arinze becoming the next Pontiff to 4 to 1, after what it called a significant gamble. The firm said Arinze was now the clear favourite.
Cardinal Angelo Scola of Italy, Cardinal Oscar Rodriguez Maradiaga of Honduras, and Cardinal Peter Turkson of Ghana, all on 8 to 1 were next most likely to succeed.
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- Belgian Primate Continues to Draw Fire: André-Joseph Léonard's Theologian-Spokesperson Resigns (bilgrimage.blogspot.com)
- New twist in Belgian Catholic abuse legal row (clericalabusewatch.blogspot.com)