Public Lecture on The Irreversible Path to Euro Fracture

Gordon Kerr - a specialist having huge experience in analyzing the bank bankruptcies and governmental debts - commented on the possible effects of Brexit as he gave a positive prognosis about the economy of the country. According to him, however, the Euro fracture is evident and inevitable having in mind the threats coming from Italy to the unified currency. The expert based his statements on the model created by the Italian government in the small bank Banca Popolare di Bari. By the analysis of a transaction implemented by the bank the deteriorated state of Italian banking system is evident.