THE NATIONAL DEBT CRISIS AND THE LEBANESE CASE
THE NATIONAL DEBT CRISIS AND THE LEBANESE CASE

Summary/Abstract: The majority of the world countries have national debt but to varying degrees, with some of them overwhelmed by their national debt, thus leading to a crisis and damage in their financial systems. The paper will try to clarify the definition of and standards by which to assess a national debt crisis, that is to distinguish between a normal case of national debt and a crisis situation. The paper is based on theories and research studies that clearly define a national debt crisis and will try to apply, relate and compare the theories and studies to the Lebanese case to evaluate the level of danger posed by the national debt in Lebanon.

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