Lebanon to Reduce Interest Rates to Ease Crisis

The video discusses the credit default swap (CDS) market, highlighting a significant increase in basis points, indicating market concerns about potential defaults. It examines bond yields and the challenges of servicing debt, particularly for Lebanese bonds. The absence of collective action clauses poses legal challenges, potentially inviting speculative litigation. The video also explores the need for restructuring and economic measures, such as fiscal consolidation and improved tax collection, to address the financial crisis.

In what ways could fiscal consolidation help address Lebanon's economic challenges?

What measures should the Lebanese government take to improve its tax collection capabilities?