"Sovereign debt" as a topic used to be quite the boogeyman several years ago, when the European sovereign debt crisis was in the spotlight and people were shocked by the fact that European Union nations such as Greece could actually become insolvent. As time passed, sovereign debt crisis headlines subsided despite the fact that national debt (also referred to as government or public debt) kept soaring and the topic started receiving less coverage. Through this video, the sovereign debt concept is explained in a way which leaves little room for interpretation. From the meaning or definition of the term to the sovereign debt crisis phenomenon, I did my best to make sure all bases are covered. At the end of the day, we need to understand that regardless how "hot" or not the topic is, public debt needs to be a variable we pay close attention to. Or, to put it differently, we cannot afford to ignore threats related to a potential government debt crisis and the fact that we look the other way whenever the topic is mentioned hardly represents an excuse. Remember: pleading ignorance is hardly an effective approach in the world of economics and if a sovereign debt crisis catches you off-guard, explanations will matter little because... well, nobody will care :)