The Greek tragedy proves that Europe does not believe in economic and social rights as a matter of justice
Early this morning, the President of the EU Council has announced that a deal had been reached. After one referendum and a collection of ultimatums, Grexit is out of the question, for now. 
The details of the agreement remain unspecified as I write these lines. The Guardian reports that, this last intense weekend, the German Government proposed measures such as Greece leaving the Euro temporarily if it refused a new bailout or, Greece setting aside €50 billion worth of assets as collateral for an eventual privatisation (hopefully, the Acropolis wasn’t in the list of assets). The paper says that the proposals “did not enjoy a consensus among eurozone leaders”, which is a slight relief.
At this point, the exact lyrics of the song have not been made public, but the stage where they have to be performed is well known. In 2013, the UN Independent Expert on Foreign Debt and Human Rights warned that “the prospects of a significant number of Greeks securing an adequate standard of living in line with international human rights standards have been compromised by bailout conditions imposed by Greece’s international lenders”. After visiting the country, he denounced that more than 10% of the population lived in extreme poverty. National economy has shrunk by a quarter since the beginning of the implementation of extreme cuts in 2010, with rocketing unemployment (nearly 30%), especially among youngsters (twice that percentage). In late 2014, the FIDH and the Hellenic League for Human Rights reported a similarly bleak picture, with radical cuts in minimum wages since 2012 (22-32%) and rising inequality.
164 countries from all over the world, including all EU Member States, have ratified the International Covenant on Economic, Social and Cultural Rights (1966), which demands from Governments the adoption of all necessary measures to achieve progressively the full satisfaction of the rights to work, housing, health and education, among others. All EU Member States have also ratified the European Social Charter, either the original (1961) or the revised one (1996). Economic, social and cultural rights are also included in the EU Charter of Fundamental Rights (2000), “which shall have the same legal value as the Treaties” (Article 6.1 of the Treaty of the European Union, since the entry into force of the Lisbon Treaty in 2009). 
State Parties ratified these international treaties freely and in exercise of their national sovereignty. They are required to abide by their clauses, which in many cases are considered to be part of domestic law. Most countries have even proclaimed one or more socioeconomic rights in their national constitutions.
A number of commentators have written that European countries are genuine believers in human rights, and particularly, of economic and social rights (Whelan, 2010). For some, rights would belong to their “cosmopolitan creed” (Brysk, 2009). For others, countries would promote human rights norms “for reasons that relate to their identities as members of the international society” (Finnemore and Sikkink, 1998). It has also been said that “human rights have become a central factor in the interests of democratic nations because they increasingly define social identities”, and “it would be very difficult for a European state to consistently abuse human rights and still be deemed to belong to contemporary ‘Europe’” (Adler, 1997).
I believe the Greek tragedy proves them wrong. Economic and social rights have played absolutely no role in the discussion of the austerity pack imposed on Greece. Arguably, not even economics mattered that much, on the basis of the failure of austerity to lift any significant indicator.
European countries have ratified most major human rights treaties, including those related to economic and social rights. However, if Europeans truly believed in economic and social rights, the austerity imposed via bailout would have had to respect those very rights. But the story went differently, as Greeks know too well.
European countries ratify and promote international human rights norms, but they do not do so as a matter of justice. They must have other reasons to endorse the international human rights regime.
Koldo Casla