At the beginning of March, Lebanon's Prime Minister Hassan Diab officially confirmed that Lebanon would not pay a $1.2 billion Eurobond due to mature that same month. Lebanon’s default comes after an unprecedented wave of protests has caused growing political instability and economic uncertainty since last October. However, to understand the root causes and possible scenarios of the current crisis, an in depth analysis of the role and governance of Lebanon's post-civil war political and economic institutions is necessary. Where and how did this crisis start? What is the current state of the protest movement? And how have the over 1 million Syrian refugees living in Lebanon perceived these recent events?