That is the view of the bookies, click on link to read the odds. In all by-elections Labour are odds on to win. I summarise the rounded odds below for the leading 4 parties in the betting:
Rotherham Croydon Middlesborough
Lab 1/5 Lab 1/8 Lab 1/40
Respect 7/1 Respect 6/1 Con 25/1
UKIP 8/1 Con 66/1 Peace 25/1
Others 33/1 UKIP 80/1 LibDem 33/1
So why are UKIP lagging in the bookies odds compared to Respect? Its a no-brainer. Respect have won three seats in Westminster by-elections and general elections. UKIP have never come second let alone won in a Westminster election. In bookies parlance they have no form. That's what you get if you spend most of your time in Brussels running in selling plates and get correctly rebranded EUKIP.
Remember these are first past the post odds and cannot be compared to opinion polls. They do however show that even with non-stop Farage on TV and hugely favourable UKIP publicity in Rotherham on the fostering cock up scandal UKIP will do well to come second. If UKIP cannot come close in these favourable circumstances it tells me its time to change strategy and live, work and campaign in the UK not Brussels. If not UKIP will simple stack up more bad losses in the UK. Farage may be lucky for himself but he is a loser for UKIP. Its time for UKIP to get rid.
It is clear from these odds that Labour are currently on track to win the next General Election with a huge majority, 100+ say. LibDems will be wiped out and the Tories will only survive in the shires and wealthy suburbs. EUKIP will perform abysmally as usual but by that time Farage and his sycophants will be back in their lucrative MEP seats on the back of an anti-EU protest vote in the 2014 Euro elections.
The Greek sardine can is being cynically kicked down the road until after the German elections. Merkel dare not tell the Germans that most of their Greek loans will never be repaid. She will campaign pretending the loans are in good shape and having won then she will tell the truth just like our bunch of rotters do.
As to the deal itself I can only quote Reuters, " To reduce the (Greek) debt pile, ministers agreed to cut the interest rate on official loans, extend the maturity of Greece's loans from the EFSF bailout fund by 15 years to 30 years, and grant a 10-year interest repayment deferral on those loans." In any one's language that is a default but not EU Orwellian newspeak. Our language is rendered devoid of meaning by our sordid politicians and arse licking media.