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19 Law Text Culture 166 (2015)
Sovereign Debts: Global Colonialism, Austerity and Neo-Liberal Assimilation

handle is hein.journals/lwtexcu19 and id is 170 raw text is: Sovereign Debts: Global Colonialism, Austerity and Neo-Liberal Assimilation Maria Giannacopoulos* We ran this country, then those first boat people come and they never went away and they literally took over this country through force of arms and everything else that happens through colonialism and as my friend and sister Mary always says they got a country for free. They never paid a thing. They made themselves rich out of our country. They owe us much more than they could ever hope to repay and they need to start to come to terms with that.' What does it mean for a sovereign nation to be in debt? What does it mean to be sovereign in the context of debt? Which debts must be paid and which debts can be disavowed? What is the role of law, in particular the High Court of Australia, in rendering Australian sovereign debt invisible? Why has the notion of'sovereign debt'become synonymous with countries like Greece while other sovereign debts remain invisible? In this article I interconnect the seemingly unrelated debt crises of Greece and Australia. I take a critical legal approach to the effaced debt scenario of colonial Australia and the imperialising economic order in contemporary Greece in order to extend, in cultural and racial terms, the discussions possible on sovereign debt. While Greece is currently synonymous with sovereign debt crisis, the foundational sovereign debt crisis in Australia remains unrepresentable. I revisit Mabo and build on Penny Pether's important critique of the High Court as a colonial institution, in order to argue Law Text Culture Vol 19 2015

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